Report of the CGO and the Chamberlain
Minutes:
The Committee received a report of the CGO setting out City Bridge Trust’s financial position against budget for the period ended 31st December 2019.
In response to a query from a Member, the CGO advised the Committee on the difference in financial position following the shift to five-year grants under the Bridging Divides strategy and assured that organisations were not receiving less capital per annum as a result.
RESOLVED – That the report be noted.
Supporting documents: