Agenda item

Decisions:

1.              That the draft annual report and financial statements be approved,  and the potential requirement for an urgency action in order to forward finalised documents to the Charity Commission by the end of January 2016, be noted; 

2.              That the Welsh Church Act Trust Fund be reopened for applications;

3.              That the new maximum grant values, as set out below, be approved:

a)   Grants will not normally exceed £1,000 and in exceptional circumstances £4,000 per applicant and successful applicants will not normally be reconsidered for a further grant within 3 years of the date of approval of the last grant;

b)   Grant aid will not normally cover the full cost of a project/proposal and normally will be approved at 25% of actual costs incurred up to the maximum as outlined in condition (a) above.  The grant of £4,000 will only be approved where expenditure exceeds £50,000;

c)    In the case of students undertaking further Education courses, contributions towards the costs of individual instruments or pieces of equipment etc. will be made as follows - 50% of all costs over a threshold of £2,000 up to a maximum grant of £1,000.

Reason for Decisions:

To comply with charitable auditing requirements and the reopening of the fund for new applications within the financial resources available.

Implementation of Decisions:

The decisions will be implemented after the three day call in period.