Agenda item

Report of the Managing Director of BHE

The Committee considered a report of the Managing Director of BHE updating the Grants Committee on the London’s Giving strategic initiative and seeking approval for five grants over £250k as part of the London’s Giving Strategic Development Fund. In response to a question from a Member, the Managing Director of BHE confirmed that all recommendations had been carefully discussed and negotiated, on the basis that individual schemes within the proposals should receive similar amounts. The Chair noted that certain areas stood out as needing more support in the regular grant funding activity reporting provided to the Committee.

RESOLVED - That the Grants Committee of the Bridge House Estates 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)              Receive this report and note its contents; and

ii)             Approve the five grants towards London’s Giving Strategic Development Fund as recommended:

·         Camden Giving - £259,300 over three years

·         Barking & Dagenham Giving - £258,500 over 3 years

·         Merton Voluntary Service Council - £258,500 over 3 years

·         The Bridge Renewal Trust - £250,500 over three years

·         Richmond Parish Lands Charity - £254,000 over 3 years