Agenda item

Joint Report of the Chamberlain and the Bursar.

Governors considered a joint report of the Chamberlain and Bursar presenting the Risk Register 2019-20 for the City of London School for Girls Bursary Fund incorporating the City of London School for Girls Scholarships and Prizes Fund and the following points were noted:

·         A proposal to merge the Schools’ Bursary Fund and Scholarships and Prizes Fund to maximise the efficient use of these funds was in development and would be considered by the Finance and Estates Committee in due course.

·         The Chairman requested that a report giving more detail on Risk 1: The Income from Investments in the Charities Pool may Decline be provided to the next meeting of the Finance and Estates Sub-Committee on 20 May 2020.

RESOLVED, that:

·         Members’ comments on the Risk Register 2019-20 for the City of London School for Girls Bursary Fund incorporating the City of London School for Girls Scholarships and Prizes Fund be noted; and,

·         The Board of Governors of the City of London School for Girls be requested to review and confirm that the register satisfactorily set out the risks facing the charity and that appropriate measures were in place to mitigate those risks.