Agenda item

Report of the CBF & Charities Finance Director

The Committee received a report of the CBF & Charities Finance Director and the Chief Funding Director providing a financial update on CBF Funding activities to 31 January 2024 and an updated forecast for the financial year ending 31 March 2024. In response to a question from a Member, the CBF and CoL Philanthropy Director outlined decisions to be taken regarding arrangements going forward for the provision of philanthropy services and for the system of recharges to CBF from the City Corporation for relevant costs and expenses incurred by the Trustee in administering the charity.

RESOLVED – That the report be noted.