Agenda and draft minutes

Consider Minute of the Meeting held on 23 August 2022.  (Copy attached.)

There had been circulated copies of the Minute of the Meeting held on 23 August 2022.

DECISION

AGREED to approve the Minute for signature by the Chair.

Consider report by Acting Chief Financial Officer.  (Copy attached.)

There had been circulated copies of a report by Acting Chief Financial Officer that provided the details of the income and expenditure for the William Hill Trust Fund for the six months to 30 September 2022, a full year projected out-turn for 2022-23, and projected balance sheet values as at 31 March 2023.  Appendix 1 of the report provided the projected income and expenditure position for 2022-23 which showed a projected surplus of £12,868 for the year.  Appendix 2 of the report provided a projected balance sheet value as at 31 March 2023 that showed a projected increase in reserves of £12,868.  Appendix 3 of the report showed the value of the Aegon Asset Management Investment Fund to 30 September 2022.

DECISION

NOTED:

(a)       the projected income and expenditure for 2022-23 in Appendix 1 of the report;

(b)       the projected balance sheet value as at 31 March 2023 in Appendix 2 of the report; and,

(c)       the current position of the Aegon Asset Management Investment Fund in Appendix 3.

Consider application for financial assistance from Melrose Football Club.  (Copy attached.)

There had been circulated copies of an application for financial assistance from Melrose Football Club for £35,000 to progress the development of The Engine Room, Melrose with upgraded changing rooms and opening up the facility for community use.  The Chair invited Greg Simpson, Melrose Football Club, to present the application who advised that playing membership had risen over the course of the pandemic by 27% since 2019 with approximately 300 boys and girls aged 5-16 as members, plus an adult chapter with 90 players playing on the Greenyards.  The increase in membership put pressure on the available facilities which accommodated visiting teams from across the Borders and Lothians.  Planning permission had previously lapsed therefore Melrose Football Club have initiated a more ambitious development plan to install twin changing rooms and an additional community event space.  Members expressed support for the project and agreed to provide funding assistance to support the project to the planning stage where a further application for financial assistance would be welcomed when more information on building costs would be apparent.

DECISION

AGREED to grant Melrose Football Club an award of £15,000.

Consider application for financial assistance from Rotary Club of Melrose.  (Copy attached.)

There had been circulated an application for financial assistance from Rotary Club of Melrose for £637.50 for Christmastime activities in Melrose which included a schools’ painting competition, Christmas parade with pipe band, carol service, remembrance tree and Christmas gifts to children in the Borders General Hospital.

DECISION

AGREED to grant Rotary Club of Melrose an award of £637.50