Issue - meetings
Potential Merger of King George's Fields Mile End Charity and King George's Fields Stepney Tredegar Square Charity
Meeting: 08/03/2012 - King George's Field Charity Board (Item 5.)
To receive a report of the considerations that will need to be undertaken if the Board wishes to consider the merger of King George’s Field Mile End and King George’s Field Tredegar Square charities.
Additional documents:
- 5a. APPENDIX 1, item 5.
PDF 19 KB
- 5a. Appx1 Report setting out History 17 6 2009, item 5.
PDF 121 KB
- 5b. APPENDIX 2, item 5.
PDF 18 KB
- 5b Mergers Checklist Charity Commission, item 5.
PDF 93 KB
Meeting: 07/03/2012 - King George's Field Charity Board (Item 5)
To receive a report of the considerations that will need to be undertaken if the Board wishes to consider the merger of King George’s Field Mile End and King George’s Field Tredegar Square charities.
Additional documents:
- 5a. APPENDIX 1, item 5
PDF 19 KB
- 5a. Appx1 Report setting out History 17 6 2009, item 5
PDF 121 KB
- 5b. APPENDIX 2, item 5
PDF 18 KB
- 5b Mergers Checklist Charity Commission, item 5
PDF 93 KB
Minutes:
Jill Bell, the Head of Legal Services (Environment) presented the report to the committee. She informed the committee that the merger can be achieved, but questioned what benefits can be derived from it. The guidance from the Charity Commission is that money from one Charity cannot be spent on another, which was one of the main drivers for amalgamation. What the merger will however allow, is the ability to submit one set of account for both charities.
The Mayor commented that the rationale behind the push for amalgamation was mainly administrational, as it will allow the committee to look at both sets of account at the same time. The Head of Legal Services (Environment) replied that this can be done now. She further explained that if the merger was to go ahead it will take nine months to complete and require a public consultation.
A member asked about the possibility of changing the Charity’s name. The Head of Legal Services (Environment) replied that permission would have to be sought from the Charity Commission, but that the name ‘King Georges Trust’ will have to remain in the new title.
RESOLVED
1. That the report be noted; and
2. That officers undertake further research and report back to the committee at a future meeting.