Venue: Conference Room - Usk, NP15 1AD. View directions
Contact: Democratic Services
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Election of Chair Minutes: Deferred.
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Appointment of Vice-Chair Minutes: Deferred. |
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Declarations of Interest Minutes: None. |
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Minutes: The minutes of the meeting of MFSET held on 21st January 2019 were confirmed and signed by Councillor Murphy.
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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.
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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.
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Minutes: It was agreed to exclude press and public.
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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 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.
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Date and time of the next meeting - Monday 7th October 2019 at 11am Minutes: Noted. |