Issue - meetings

To consider the future operation of the Chuter Ede Trust Funds and the Elizabeth Welchman Trust Fund.

Following consideration the Committee unanimously resolved to:

(1)      Support investigation into the transfer of the assets of the Chuter Ede Trust Funds to the Epsom and Ewell Community Fund.

(2)      Authorise the closure of the charity trust funds with the Charity Commission, if the Charity Commission approve the transfer.

(3)      Authorise spending the remaining balance of the Elizabeth Welchman fund and thereafter Authorise the closure of the charity trust fund.

(4)      Nominate and authorise the Assistant Director of Corporate Services, in consultation with the Director of Corporate Services and Head of Legal Services to take all necessary steps to bring into effect the recommendations resolved by this Committee.

The Committee received a report requesting it to consider the future operation of the Chuter Ede Trust Funds and the Elizabeth Welchman Trust Fund.

The following matter was considered:

a)            Name of funds. In response to a question from a Member, the Assistant Director of Corporate Services informed the Committee that a request would be made to the Charity Commission for approval to transfer the funds to the Epsom and Ewell Community Fund for uses similar to their original purpose. It was hoped that would enable the funds to be ringfenced with a name associated to their original source.

Following consideration the Committee unanimously resolved to:

(1)      Support investigation into the transfer of the assets of the Chuter Ede Trust Funds to the Epsom and Ewell Community Fund.

(2)      Authorise the closure of the charity trust funds with the Charity Commission, if the Charity Commission approve the transfer.

(3)      Authorise spending the remaining balance of the Elizabeth Welchman fund and thereafter Authorise the closure of the charity trust fund.

(4)      Nominate and authorise the Assistant Director of Corporate Services, in consultation with the Director of Corporate Services and Head of Legal Services to take all necessary steps to bring into effect the recommendations resolved by this Committee.