Issue - meetings

(a)       That an in principle agreement to transfer existing moribund trust funds to a newly established Flintshire Community Endowment Fund be endorsed; and

(b)       That a further report which included the Committee’s considerations be submitted to Cabinet in November.

The Chairman introduced Mr. Colin Evans and Mr Tom Barham, Associates of the Community Foundation in Wales who would be giving a presentation.

The Policy, Performance and Partnerships Manager introduced a report to consider an in principle agreement to transfer existing moribund trust funds to a newly established Flintshire Community Endowment Fund.  The Chairman then invited Messrs Evans and Barham to give a presentation on the proposed Flintshire Community Endowment Fund.  Mr. Evans provided background information to the proposal and outlined the following key elements of the Fund:

·         Endowment (capital)

·         Flow through – to support grant making

He commented on grant funding made available to individuals for educational attainment, projects and initiatives that support educational development.  Members were advised that the Fund would be managed and administered by the Community Foundation in Wales and decisions on grant support would be determined by local people.  The Community Foundation in Wales (the Foundation) was a respected national charity which distributed grants on behalf of donors in excess of £1.7m per annum across Wales.  Mr. Tom Barnum detailed the benefits and impact of the proposal to the Authority.

During discussion Mr. Evans and Mr. Barham responded to the  questions and concerns raised by Members and gave an assurance that the proposals would not detract from the Community Chest arrangements.  Further clarification was provided on the governance and administration arrangements for the Fund, the fees and financial management, and local involvement.        

RESOLVED:

(a)       That an in principle agreement to transfer existing moribund trust funds to a newly established Flintshire Community Endowment Fund be endorsed; and

(b)       That a further report which included the Committee’s considerations be submitted to Cabinet in November.