Issue - meetings

Division/Wards Affected: All

Purpose: To present to Cabinet for approval the 2026/27 Investment and Fund strategy for Trust Funds for which the Authority acts as sole or custodian trustee.

To approve the 2026/27 grant allocation to Local Authority beneficiaries of the Welsh Church Fund.

Authors: Dave Jarrett – Finance Business Partner – Corporate Accountancy

Nicola Wellington – Children & Young People - Finance & Support Services Manager

Contact Details: davejarrett@monmouthshire.gov.uk

To approve the Investment and Fund Strategy for 2026/27 for the Monmouthshire Farm School Endowment Trust Fund as set by the Trust be endorsed (Appendix 1).

To approve the Investment and Fund Strategy for 2026/27 for the Welsh Church Fund (Appendix 3).

To delegate responsibility for the execution and administration of treasury management decisions for these Trusts to the Deputy Chief Executive – Section 151 Officer (Chief Officer for Resources) who will act in accordance with the Investment and Funds Strategy.

To approve the 2026/27 grant allocation to Local Authority beneficiaries to the Monmouthshire Welsh Church Act Fund of £220,000, which is to be distributed in accordance with population data in the Final Local Government Settlement 2026/27.

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 2026/27 (Appendix 5) as considered and endorsed by the Welsh Church Fund Committee.