Howard Davis Farm Trust: 2018 Report and Accounts

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A decision made 9 August 2019:

Decision Reference: MD-TR-2019-0071
Decision Summary Title:	Presentation to the States of the audited accounts of the Howard Davis Farm Trust for 2018		Date of Decision Summary:	5th August 2019
Decision Summary Author:	Director of Treasury and Investment Management		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Presentation to the States of the audited accounts of the Howard Davis Farm Trust for 2018		Date of Written Report:	5th August 2019
Written Report Author:	Director of Treasury and Investment Management		Written Report : Public or Exempt?	Public
Subject: Presentation to the States of the audited accounts of the Howard Davis Farm Trust (“the Trust”) for the period ending 31 December 2018.
Decision(s): The Minister decided to request the Greffier of the States to arrange for the audited accounts of the Trust for the period ending 31 December 2018 to be presented to the States Assembly.
Reason(s) for Decision: The Minister for Treasury and Resources approved the Constitution of the Trust in MD-PH-2008-0098. The creation of the Trust was needed to receive a balance of the proceeds of any leases of Howard Davis Farm pursuant to Article 3 of the Howard Davis Farm (Abrogation of Covenant)(Jersey) Law 2008. In the Constitution, Section 9, ‘Accountability to the States of Jersey’, it is stated that: ‘The Committee shall present annually to the Minister, for onward presentation to the States, the audited accounts of the Trust and a report of its activities’. The audited accounts contains the information required under the Constitution.
Resource Implications: There are no financial or manpower implications as a result of this decision.
Action required: The Greffier of the States to be requested to present the attached report to the States Assembly and to hold electronic copies of the accounts at the States Greffe for distribution upon request.
Signature:		Position: Deputy S J Pinel, Minister for Treasury and Resources
Date Signed:		Date of Decision: