Agenda item

Joint report of the Town Clerk, the Chamberlain and the Director of Community and Children’s Services

The Committee considered a report of the Town Clerk, the Chamberlain and the Director of Community and Children’s Services providing a register of key risks for the Sir Thomas Gresham Charity for review. The Committee noted the newly-added risk of failure to agree a funding arrangement, assessed as unlikely, with due regard to the fact that the City of London Corporation was legally obliged to fund the four professorships and associated lectures according to the terms specified by Gresham’s Will.

The Committee then discussed fire as a Corporate Strategic Risk in the context of two of the key risks on the register, principally the specifications of fire-resistant doors at the Almhouses. The Director of Community and Children’s Services advised that both weight and resistance were both considered during the procurement process for doors to be replaced, given the necessity to ensure they could be opened by the elderly or infirm. Additionally, extra alarms and detectors were built into the monitoring system for the Almshouses complex in case of fire. Arising from the discussion, officers undertook to confirm the specification of doors at the Almshouses for Members, in case this merited further consideration with regards to the key risks.

RESOLVED – That Members confirm that the risk register satisfactorily sets out the risks faced by the charity, and that appropriate measures are in place to mitigate those risks.