Tim McNally declared an interest in respect of item twenty (20) of the non-public reports; Rights to Light, Sumner Buildings. Mr McNally explained that the developer JTRE (“Sons & Co”) had recently signed a commercial property deal with Southwark United Charities, in respect of an office building and almshouse on land in Blackfriars Road. Mr McNally serves as Chair of Finance and Vice-Chair of the Trustees and is also the principal signatory on behalf of the Charity. Mr McNally further declared that he would be partaking of corporate hospitality on Saturday 6th May 2023 at the Mayor of Southwark’s Charity Ball as a guest of JTRE (ticket value £125). Although unrelated to Mr McNally’s role at the City of London Corporation, as he had served as the Deputy Chair of the City Corporation’s Housing Management and Almshouses Sub Committee in 2022/23, Mr McNally declared a non-pecuniary interest in this matter.