Agenda and minutes

Monmouthshire Farm School Endowment Trust - Monday, 22nd July, 2019 11.00 am

Venue: Conference Room - Usk, NP15 1AD. View directions

Contact: Democratic Services

Items
No.	Item
1.	Election of Chair Minutes: Deferred.
2.	Appointment of Vice-Chair Minutes: Deferred.
3.	Declarations of Interest Minutes: None.
4.	To confirm and sign the minutes of the previous meeting of the Monmouthshire Farm School Endowment Trust PDF 55 KB Minutes: The minutes of the meeting of MFSET held on 21^st January 2019 were confirmed and signed by Councillor Murphy.
5.	MFSET Annual report for the year ended 31 March 2019 PDF 119 KB Minutes: The Trust received the Monmouthshire Farm School Endowment Trust Fund Annual Report 2018/19 for consideration. We noted the corrections to the list of Trustees, which will be amended going forward. We heard that a mechanism is in place for the Trust to borrow from Monmouthshire County Council in order to maximise investments, and avoid penalties around cashing in investments. With regards to the Roger Edwards Trust, there has been no comment and any investment is expected around January 2020. The Trust agreed that the Annual Report be forwarded to Audit Committee for approval.
6.	Matrix of costs - for consideration PDF 34 KB Minutes: The Trustees agreed that the matrix of costs be appended to future reports. It was also agreed that the list be sent to applicants as a guide of costs, with a request for further information where further funding was sought.
7.	To consider whether to exclude the press and public from the meeting during consideration of the following item of business in accordance with Section 100A of the Local Government Act 1972, as amended, on the grounds that it involves the likely disclosure of exempt information as defined in Paragraphs 12 and 14 of Part 4 of Schedule 12A to the Act. (Proper Officer's view attached). PDF 40 KB Minutes: It was agreed to exclude press and public.
8.	To consider a report by the Chief Officer for Children and Young People regarding applications received against the Trust Fund for the Academic Year 2019/20 View the reasons why item 8. is restricted Minutes: We considered 2 applications received against the trust fund, presented on behalf of the Chief Officer for Children and Young People. The Trust resolved that awards be made to the applicants, as agreed, subject to appropriate receipts and evidence of attendance being received. The Trust resolved to obtain further information as required. The total amount of funding awarded to students at the meeting was £299.06.
9.	Date and time of the next meeting - Monday 7th October 2019 at 11am Minutes: Noted.