Treasury and Resources
Ministerial Decision Report
ALTER THE PURPOSE OF the ANN ALICE RAYNER FUND
- Purpose of Report
To enable the Minister to approve the report and proposition to alter the purpose of the Ann Alice Rayner Charitable Fund and to request that it be lodged ‘au Greffe’ at the earliest opportunity.
- Background
The Ann Alice Rayner Fund was established under the Will of the late Ann Alice Blasson nee Colclough for “the provision of pecuniary relief to needy persons residing in Jersey; and other such objects and purposes of a charitable or philanthropic nature as the States may hereafter in their absolute discretion determine”
Decisions on the distributions from the Fund are made by the four Jurats of the Royal Court (“the Delegation”) who meet quarterly to consider new applications and review existing grants.
As the Fund is restricted to providing grants to individuals, it is felt that this restricts the ability of the Fund to support the needy. So it is requested that the purpose of the Fund be widened to include “any institution or Home other than owned and administered by public funds, which has for its object the relief of needy persons”
- Recommendation
The Minister is recommended to approve the decision to alter the purpose of the Ann Alice Rayner Fund to include “any institution or Home other than owned and administered by public funds, which has for its object the relief of needy persons” and to request that the Report and Proposition be lodged ‘au Greffe’ for debate at the earliest opportunity.
- Reason for Decision
To enable the report and proposition on altering the purpose of Fund.
On 27th March 2001, the States approved a Proposition of the then Finance and Economics Committee to hand over the administration of the Fund to four Jurats and to agree that the objects and purpose of the Ann Alice Rayner Fund would be –
(1) the provision of pecuniary relief to needy persons residing in Jersey; and
(2) such other objects and purposes of a charitable or philanthropic nature as the states may hereafter in their absolute discretion determine.
As the Fund is restricted to providing grants to individuals, it is felt that this restricts the ability of the Fund to provide support and care to the needy. It is requested that the purpose of the Fund be widened to include “any institution or Home other than owned and administered by public funds, which has for its object the relief of needy persons”
This would thereby ensure that Ann Alice Rayner’s desire to assist and support needy people through her generous bequest would continue to have relevance for many years to come.
- Resource Implications
There are no financial or manpower implications for the States arising from this proposition.
Report author : Assistant Accountant | Document date : 26th October 2016 |
Quality Assurance / Review : Head of Decision Support | File name and path: L:\Treasury\Sections\Corporate Finance\Ministerial Decisions\DS, WR and SD\2016-0091 - Appointment to A A Rayner Fund |
MD sponsor : Director Treasury Operations and Investments |