Agenda item

To consider the Chief Grants Officer’s reports on grant recommendations, as follows:-

The Committee considered a report of the Chief Grants Officer which recommended grants to various organisations.

Members considered each application and the following observations were noted:

Item 7.d) (British Wheelchair Association) – It was noted with regards to the grant recommendation that 2012/13 accounts had been received.

Item 7.e) (Trussell Trust) – A Member remarked that in the current environment, a number of churches had also become involved in the development of food banks.

Item 7.f) (ShareAction) – A Member asked if in future, further information on these types of organisations could be provided as in many investment funds, many decision were taken by the fund managers. It was agreed that a progress report be submitted to the November 2014 Committee. The Deputy Chairman requested that this report also include details of the work that Economic Development Office was undertaking to support financial literacy.

Item 7.g) (SETPOINT London East) – The Chairman noted that this was interesting project that had been a beneficiary of previous grants. Members noted that the grant was conditional on City Bridge Trust not being the organisation’s single largest funder in any one year.

Item 7.i) (Beyond Youth CIC) – based on a query from a Member, officers had corrected Section 8 of the application to read as follows: voluntary income £50,000; investment income £0; other sources £0 and total income of £183,734.