Agenda and minutes

Venue: Training and Conference Suite, First Floor, Number One Riverside, Smith Street, Rochdale, OL16 1XU

Contact: Caroline Denyer 

Items
No. Item

24.

Appointment of Vice Chair

25.

Declarations of Interest pdf icon PDF 27 KB

    Members must indicate at this stage any items on the agenda in which they must declare an interest.  Members must verbally give notice of their interest at the meeting and complete the form attached with this agenda. 

     

    Members are also advised to take advice with regard to any matter where there is potential bias or predetermination in any business to be considered at the meeting and whether they should take part in decision making at the meeting.

     

    Members are reminded that, in accordance with the Localism Act 2011 and the Council's adopted Code of Conduct, they must declare the nature of any discloseable pecuniary interest; personal interest and/or prejudicial interest required of them and, in the case of any discloseable pecuniary interest or prejudicial interest, withdraw from the meeting during consideration of the item, unless permitted otherwise within the Code of Conduct.

    Additional documents:

    Minutes:

    There were no declarations of interest.

26.

Minutes pdf icon PDF 54 KB

27.

Blackrock verification documents - Money Laundering Regulations 2007

    Minutes:

    The Committee considered a letter from BlackRock investments requesting up to date verification documents in order to comply with the Money Laundering Regulations 2007. 

     

    DECIDED - that (1) the contents of the letter be noted.

    (2) The Chair and Vice Chair be nominated to sign the verification documents on behalf of the Members of the Charitable Trust Committee.

28.

Charitable Trust Committee Annual Accounts - 2015/16 pdf icon PDF 144 KB

    Projected financial position for 2016/2017.

     

    Additional documents:

    Minutes:

    The Senior Finance Officer submitted the Finance Report for 2016/2017 to the Trustees seeking approval and confirmation of the Trustee Annual Report and Financial Statements as presented.

     

    In considering the submitted report, Members referred to their role as Trustees and their duty to monitor and review the performance of the investment portfolio.

     

    Members requested that the Senior Finance Officer be requested to provide further information on the individual investments in the portfolio (based on information provided previously to the Trustees of the Norman Barnes Fund) and feedback at the next meeting of the Charitable Trust Committee on 7th November 2016. Councillor Butterworth also agreed to share information on this matter at the next meeting.

    .   

    DECIDED – That (1) the Trustees’ Annual Report and financial statement as presented in the submitted report be approved by the Trustees. 

                (2) the Trustees noted the projected financial position for the Dr Chadwick Trust Fund as presented in the submitted report for 2016/2017.

                (3) the Trustees noted the projected financial position of the James Handley Bequest as submitted in the report for 2016/2017.

                (4) the Trustees noted the projected financial position of the Herbert Norcross Scholarship Fund as presented in the submitted report for 2016/2017.              

                (5) the Senior Finance Officer be requested to provide further information on the individual investments in the portfolio (based on information provided previously to the Trustees of the Norman Barnes Fund) and feedback at the next meeting of the Charitable Trust Committee on 7th November 2016.

29.

Exclusion of Press and Public

    To consider excluding the press and public from the meeting during consideration of the following item of business in accordance with the provisions of Section 100A (4) of the Local Government Act 1972, as amended.

     

     

     

     

    Minutes:

    DECIDED – That the public be excluded from the meeting during consideration of the following items of business since it is likely that, in view of the nature of the business to be transacted or the nature of the proceedings, if members of the public were present there would be disclosure to them of exempt information, namely information relating to the business or financial affairs of any particular person (including the person holding that information).

     

30.

Herbert Norcross Scholarship Fund - Applications for assistance.

Minutes:

The Trustees considered applications for assistance from the Norcross Scholarship Fund and gave a due consideration against the eligibility criteria as contained within the Trust Deed.

 

Members were advised of a late application - reference 4/16.

 

DECIDED – That the application be dealt with as follows:

 

Application Number

decision

 

 

1/16

£2000 be approved towards the cost of tuition fees.

2/16

Reject as the course of study is not approved by the Trustees.

3/16

Approve an award of £2000

4/16

Reject as the application has missed the deadline date and is incomplete.

 

 

31.

Dr Chadwick Trust - update

    Verbal update to be provided.

    Minutes:

    Members referred to the issues raised at the previous meeting in relation to  the future management of the assets of the Dr Chadwick Trust and requested that the Head of Property Services be asked to present information to Members prior to the next meeting of the Charitable Trust Committee on 7th November 2016.

     

    DECIDED – that the Head of Property Services be requested to present information in relation to the future management of assets of the Dr Chadwick Trust, prior to the next meeting of the Charitable Trust Committee on 7th November 2016.