Minutes of a meeting held on 22nd September, 2014.


Present:  Councillor F.T. Johnson (Chairman); Councillors T.H. Jarvie, K.P. Mahoney, A. Parker, A.G. Powell and C.J. Williams.





These were received from Councillor H.C. Hamilton (Vice-Chairman).



394     MINUTES – 


RESOLVED – T H AT the minutes of the meeting held on 17th March, 2014 be approved as a correct record, subject to the amendment that Councillor A. Parker had had a non-prejudicial interest in Agenda Item No. 4 in that he was Local Authority appointed governor at Cowbridge Comprehensive School.





Councillors T.H. Jarvie and A. Parker declared a non-prejudicial interest in Agenda Item No. 4 in that they were Local Authority appointed governors at Cowbridge Comprehensive School.





The Committee was advised that the Charities Act 2011 Section 162 and regulations required Trustees to prepare and consider and Annual Report and Accounts in respect of their Trust. 


The Charities (Accounts and Reports) Regulations 2008 require that an Annual Report and Accounts should be approved by the Trustees as a body in accordance with their normal administrative procedures. 


The Annual Report and Accounts for the year 2013/14 was set out in Appendix A to the report.


The document, subject to its approval by Committee, will be forwarded to the Council’s external auditors, Grant Thornton UK LLP, to be signed following the independent examination.


Following presentation of the report, the Committee was advised that further accounts from the 1st April 2014 to the date of retirement of the Council as trustee  may need to be brought to Committee. The Charity Commission would be contacted seeking their advice as to the treatment of  this  period.


A Member of the Committee queried the figures for the year 2012/13 and 2013/14 in respect of Investment Management costs. In response the Principal Accountant informed the Committee that the 2012/13 figure was greater as it included the Investment Management costs relating to the proceeds from the sale of the Former Cowbridge Comprehensive Lower School Site. The member further queried whether legal advice costs were included in the figure and it was confirmed that they were not. 


A Member queried the £50 received on an annual basis from Jesus College, Oxford. Further information on this amount was provided to Committee by the Principal Accountant.


Having considered the Annual Report and Accounts for 2013/14, it was


RESOLVED – T H A T the Annual Report and Accounts 2013/14 for Cowbridge Comprehensive School Trust as set out in Appendix A to the report be approved and that the Chairman be authorised to sign the same on behalf of the Trustees.


Reason for decision


In accordance with the requirement of Section 162 of the Charities Act 2011, and the Charities (Accounts and Reports) Regulations 2008.