To approve the accounts of the King George’s Field Mile End and King George’s Field Tredegar Square charities for the 2015/2016 financial year.

The Board asked that annotations are included with the published accounts to better explain the key variances between 2014/15 and 2015/16.

RESOLVED that the Board:

1.    Agree the annual report and accounts for the King George’s Field, Mile End Charity (registered number 1077859) for the 2015/2016 financial year set out in Appendix 1, subject to the inclusion of annotations to explain the reasons behind the key variances.

2.    Agree the annual report and accounts for the King George’s Field, Tredegar Square charity (registered number 1088999) for the 2015/2016 financial year set out in Appendix 2.

3.    Subject to approval of 1 and 2 above, and the Councils Accounts for 2015/16 being signed off, authorise the Trust to sign the 2015/16 annual reports and accounts for submission to the Charity Commission by 31^st January 2017.

Action by:

CORPORATE DIRECTOR PLACE (A. DALVI )

(Stephen Murray –Head of Arts, Parks and Events)

The Board received a report setting out the annual report and accounts of the King George’s Field Mile End and King George’s Field Tredegar Square charities for the 2015/2016 financial year. Stephen Murray, Head of Arts and Events and Stephen Adams, Finance & Resources Manager, introduced the report.

Following discussion on the Installation of circulation pumps in the Ecology Lakes referred to in the report, the Mayor asked that the Lead Member investigate options for a long term solution to the recent problems with the lakes and report back directly to him.

The Board requested further information on the income sources mentioned in the table at paragraph 3.6 of the report, specifically how officers felt income from rentals in 2016/17 would compare to the previous years mentioned in the report, and whether income from this source would stabilise in the future.

The Board requested a note to explain the detail of the Security services at

Stepney green expenditure item listed at paragraph 3.7 of the report.

The Board asked that annotations are included with the published accounts to better explain the key variances between 2014/15 and 2015/16.

RESOLVED that the Board:

1.    Agree the annual report and accounts for the King George’s Field, Mile End Charity (registered number 1077859) for the 2015/2016 financial year set out in Appendix 1, subject to the inclusion of annotations to explain the reasons behind the key variances.

2.    Agree the annual report and accounts for the King George’s Field, Tredegar Square charity (registered number 1088999) for the 2015/2016 financial year set out in Appendix 2.

3.    Subject to approval of 1 and 2 above, and the Councils Accounts for 2015/16 being signed off, authorise the Trust to sign the 2015/16 annual reports and accounts for submission to the Charity Commission by 31^st January 2017.