Decision details

That the proposed Investment and Fund Strategy for 2020/21 for the Monmouthshire Farm School Endowment Trust Fund be approved.

That the proposed Investment and Fund Strategy for 2020/21 for the Welsh Church Fund be approved.

To delegate responsibility for the execution and administration of treasury management decisions to the Head of Finance (S151 officer) who will act in accordance with the Investment and Funds Strategy (appendix 2).

To approve the 2020/21 grant allocation to Local Authority beneficiaries to the Monmouthshire Welsh Church Act Fund of £210,000 to be distributed in accordance with population shares as per the 2010 Census.

That the Monmouthshire Farm School Trust Board determines the 2020-21 grant allocation at its January 2020 meeting based on the previous years’ investment return at the end of March 2019, and any under spends carried forward from the 2019-20 grant allocation, and to avoid eroding the overall fund.

To endorse the Welsh Church Fund Principles, Policy Considerations and Grant Allocation Criteria for 2020-21 (Appendix 6) as considered and approved by the Welsh Church Fund Committee on the 16th January 2020.