Dividend or charitable donation payment by Welland Homes
March 19, 2024 Portfolio Holder for Strategic and Operational Housing (Cabinet member) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to approve the Welland Homes board's decision to make charitable donations totaling £128,274 to Citizens Advice South Lincolnshire, Lincolnshire Community & Voluntary Service, Active Lincolnshire, and South Holland in Bloom, in accordance with the company's Dividend and Charitable Donations Policy.
Full council record
Purpose
To corroborate a decision of Welland Homes
Board in relation to the distribution of company profits
Decision
That the decision of
Welland Homes board, to make charitable
donations in accordance with the Company’s Dividend and
Charitable donations Policy, is approved.
That the following
charitable donations are made
£88,074 to Citizens Advice South Lincolnshire
£31,000 to Lincolnshire Community & Voluntary
Service
£6,000 to Active Lincolnshire
£3,200 to South Holland in Bloom
That the necessary
Shareholder resolution be passed
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 19 Mar 2024 |
| Subject to call-in | Yes |