Issue - meetings

As detailed in the recommendations.

The Chief Executive presented a report to approve the closedown and transfer of existing moribund and ineffective education trust funds to a newly established Flintshire Community Endowment Fund.

The Leader of the Council said that the proposal would provide support for community groups in Flintshire and that progress reports would be submitted to Cabinet.

The Cabinet Member for Education asked about flexibility to change the themes for funding.  The Policy, Performance & Partnerships Manager confirmed that the funds would initially be used to support educational purposes but that the opportunity to extend the range of beneficiaries would depend on those donating to different causes.  In response to a further question, she explained that funds would be transferred via the guidelines and strict criteria of the Charity Commission for England and Wales.

RESOLVED:

(a)       That the closedown and transfer of existing moribund and ineffective education trust funds to a newly established ‘Flintshire Community Endowment Fund’ to be managed and administered by the trustees of the Community Foundation in Wales, subject to the absolute agreement of the Charity Commission for England and Wales and subject to the Head of Finance in her Section 151 statutory officer role being satisfied that the investment strategy of the new Fund does not pose a significant risk to achieving a satisfactory return on funds and value for money, be noted;

(b)       That the Chief Executive, in consultation with the Leader, determine the final working arrangements of the Panel and its supporting structure to discuss in partnership with the Community Foundation in Wales; and

(c)        That a further report outlining the final arrangements of the ‘Flintshire Community Endowment Fund’ be received prior to any agreed launch.