Agenda item

Managing Director's Update Report

Report of the Managing Director of Bridge House Estates (BHE)

Minutes:

The Board received a report of the Managing Director of Bridge House Estates (BHE) providing an update on key areas of activity across the whole charity since the Board’s last meeting in September 2021 and outlining upcoming activities for the Board to note.

 

BHE Strategic Governance Review

 

The Remembrancer advised the Board that the Supplemental Royal Charter remained under consideration by the Charity Commission, with officers having worked through several concerns and hoping that these had now been satisfied. The agreement of the Charity Commission was needed before the Privy Council could approve the Supplemental Royal Charter. The Remembrancer advised that it was still anticipated that the Supplemental Royal Charter would be granted by the end of the current financial year. The Chair thanked officers for the update and for their work throughout this process, commenting that he hoped any issues could be resolved and that progress would be made ahead of the January meeting of the Board.

 

Social Investment

 

In response to a question from a Member, the Managing Director of BHE advised that updates on the Social Investment Fund could be supplemented with information regarding the social impacts of investments, as well as the financial information, and that email updates could also be provided.

 

City Bridge Trust Update

 

The Managing Director of BHE advised that transitional funding support to organisations who would otherwise seek support through funding programmes currently on pause would be announced the following week, with information to be distributed to organisations. The Board then noted the update provided in respect of the relaunched Funder Plus Offer, The Bridge Programme.

 

RESOLVED – That the report be noted.

Supporting documents: