Ann Alice Rayner Fund: Appointment of Jersey Community Foundation as Income Administrator

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A decision made 3 July 2023:

Decision Reference: MD-TR-2023-418		Public
Subject: Appointment of the Jersey Community Foundation as Income Administrator to the Ann Alice Rayner fund
Report Title: Appointment of the Jersey Community Foundation as Income Administrator to the Ann Alice Rayner fund		Public
Decision(s): The Minister decided to approve the appointment of the Jersey Community Foundation as Income Administrator to the Ann Alice Rayner fund and delegated completion to the Treasurer of the States.
Reason for Decision(s): Following a recent successful pilot appointment, the Greville Bathe and Ann Alice Rayner funds require a permanent income administrator appointment. The pilot established that an independent corporate income administrator was an appropriate type of income administrator for the funds, as detailed in the accompanying report.
Resource Implications: No direct costs to Treasury & Exchequer: the costs of the JCF engagement shall be recharged to the funds at pre-agreed rates at similar levels to the pilot.
Action Required: The Head of Financial Governance to advise the Head of Treasury and Investment Management once the decision and the Service Level Agreement have been signed. The Head of Treasury and Investment Management to ensure that the correct actions take place to effect the above changes.
Signature:	Signed By: Minister for Treasury and Resources
Date Signed:	Date of Decision (If different from Date Signed):