Decision details

That the proposed Investment and Fund Strategy for 2023/24 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 (Section 151 officer) who will act in accordance with the Investment and Funds Strategy.

To approve the 2023/24 grant allocation to Local Authority beneficiaries to the Monmouthshire Welsh Church Act Fund of £200,000 which is to be distributed in accordance with population data in the draft Local Government Settlement 2023/24.

To endorse the policy that Monmouthshire County Council (as the Welsh Church Fund 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.

To endorse the Welsh Church Fund Principles, Policy Considerations and Grant Allocation Criteria for 2023/24 as considered and approved by the Welsh Church Fund Committee on the 1st December 2022.

That the proposed Investment and Fund Strategy for 2023/24 for the Monmouthshire Farm School Endowment Trust Fund as set by the Trust be endorsed.

To note that the Monmouthshire Farm School Trust Board determined the 2023/24 grant allocation for the year in July 2022. 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 2022, and any under spends carried forward from the 2022/23 grant allocation, thus to avoid eroding the overall fund.