Issue - meetings

To determine ownership, Trust formation and responsibility for management of the existing Trust Fund.

(Report attached)

RECOMMENDED that

1)                 authority be delegated to the Legal Services Manager to take all necessary steps required by law to register the Trust as a charity with the Charity Commission;

2)                 the Trust be registered as a charity with the name “RedditchPaolozzi Mural Trust;

3)                 the Leader of the Council and the Council’s Chief Finance Officer be appointed by the Council to perform the Council’s Trustee role for the Trust; and

4)                 the Trustees report any recommended spend to Executive Committee before distribution of funds.

The Committee received a report which required them to consider what actions would be required to regularise the Council’s Trusteeship of the Paolozzi Murals and the Paolozzi Mural Fund.

Officers suggested that this could be achieved by registration as a charity and appointment of Trustees.  The Trustees would then be able to consider what actions were required to fulfil the primary objectives of the Trust, namely to promote the viewing of the Murals, their maintenance and safety. Members were informed that interest accrued to the Mural Fund might be used to support the Visual Arts in Redditch.  The Charity Commissioners, on request, might also allow the use of capital.

Members were asked to consider the name under which the Trust would be registered and the appointment of Trustees.

RECOMMENDED that

1)                 authority be delegated to the Legal Services Manager to take all necessary steps required by law to register the Trust as a charity with the Charity Commission;

2)                 the Trust be registered as a charity with the name “RedditchPaolozzi Mural Trust;

3)                 the Leader of the Council and the Council’s Chief Finance Officer be appointed by the Council to perform the Council’s Trustee role for the Trust; and

4)                 the Trustees report any recommended spend to Executive Committee before distribution of funds.