Agenda item

To receive a report of the Chief Grants Officer.

The Committee received a report which advised Members of the progress and activities undertaken by the Wembley National Stadium Trust (WNST), which was administered under contract by City Bridge Trust.

Members were informed of the structure of the National Stadium Trust and the work delivered for the WNST by a seconded CBT officer three days a week.

The officer explained that in consultation with CBT, WNST had been able to develop grant monitoring systems and had produced an annual review that would be presented to an upcoming annual general meeting. The contract with CBT was at the halfway mark, and it was suggested that the WNST may seek to continue the third party administration of the Trust. The officer was hopeful that CBT would be able to continue in this role, to which a Member asked if there was concern over the cumulative impact to CBT on this use of resources. 

It was noted that this CBT model of service, where CBT acts as a business incubator for the charity organisation, could be of interest to other charities, and should thus be monitored.

The Deputy Chairman and Chairman agreed that if these types of contracts were to develop further, a policy would need to be considered by the Committee.