Decision details

That the proposed Investment and Fund Strategy for 2022/23 for the Monmouthshire Farm School Endowment Trust Fund as set by the Trust be endorsed.

That the proposed Investment and Fund Strategy for 2022/23 for the Welsh Church Fund be approved.

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

To approve the 2022/23 grant allocation to Local Authority beneficiaries to the Monmouthshire Welsh Church Act Fund of £190,000 to be distributed in accordance with population data in the draft Local Government Settlement 2022/23.

To note that the Monmouthshire Farm School Trust Board determined the 2022/23 grant allocation for the year in July 2021. However, this is reviewed at every meeting to ensure that the grants offered do not exceed previous years’ investment return at the end of March 2021, and any under spends carried forward from the 2021/22 grant allocation, thus to avoid eroding the overall fund.

To endorse the Welsh Church Fund Principles, Policy Considerations and Grant Allocation Criteria for 2022/23 (Appendix 6) as considered and approved by the Welsh Church Fund Committee on the 27th January 2022.

To endorse the policy that Monmouthshire County Council (The Trustee) ensures that the constituent councils that benefit from grant distributions, ensure that grants allocated are in line with charitable objects of the fund and that this fact is advertised on their Authority’s website.