Agenda item

Report of the Managing Director of BHE

The Board considered a report of the Managing Director of BHE seeking funding of £43,000 from the BHE Central Contingency Fund for the Tower Bridge Programme Coordinator and £27,000 from the BHE Apprentices Contingency Fund for a Business Administration Apprentice.

At the suggestion of a Member, the Board agreed to implement a standing level of officer delegation for the approval of contingency fund requests, and agreed that authority should be delegated to the Managing Director of BHE in consultation with the BHE & Charities Finance Director to approve funding requests of up to £100,000 per item going forward, noting that the use of this delegation would be reported to the Board for information on a regular basis.

RESOLVED – That the BHE Board, in the discharge of functions for the City Corporation as Trustee of Bridge House Estates (charity no. 1035628) and solely in the charity’s best interests:

i.     Approve the additional funding of £43,000 from the BHE Central Contingency Fund for 1 x Tower Bridge Programme Coordinator (0.4 FTE) – funding from April 2022 until March 2023; and,

ii.    Approve the additional funding of £27,000 from the BHE Apprentices Contingency Fund for 1 x Business Administration Apprentice (1.0 FTE) – funding from July 2022 until March 2023; and

iii.   Agree that authority be delegated to the Managing Director of BHE, in consultation with the BHE & Charities Finance Director, to approve funding requests from the BHE Contingency Fund of up to £100,000 per item.