Conflict in role of trustee and beneficiary of City Cash fund

G D Jones made this Freedom of Information request to City of London Corporation Automatic anti-spam measures are in place for this older request. Please let us know if a further response is expected or if you are having trouble responding.

Response to this request is long overdue. By law, under all circumstances, City of London Corporation should have responded by now (details). The person who made the request can complain by requesting an internal review.

Dear Court of Common Council at the City of London Corporation,

Given the fund is an amalgamation of charitable trusts have the auditors signed off on the payments to clear pension deficits of current employees as beneficiaries given the conflicting role as trustees?

* City's Cash is an endowment fund, overseen by the City of London Corporation, built up over 800 years and passed from generation to generation to fund services that the Corporation claims benefit London and the nation as a whole. It is one of three funds run by the City of London Corporation, the other two being the City Fund and the Bridge House Estates.

https://en.m.wikipedia.org/wiki/City%27s...

Yours faithfully,

G D Jones

COL-EB-InformationOfficer, City of London Corporation

Dear G D Jones,

FREEDOM OF INFORMATION ACT 2000 (FOIA) - REQUEST FOR INFORMATION

The City of London (CoL) acknowledges receipt of your request for information of 04 February 2025.

Public authorities are required to respond to requests within the statutory timescale of 20 working days beginning from the first working day after they receive a request. The Act does not always require public authorities to disclose the information which they hold.

The FOIA applies to the CoL as a local authority, police authority and port health authority. The CoL is the local and police authority for the "Square Mile", ie the historic City of London, and not for London as a whole. Please see the following page containing a link to a map (City of London - Interactive Mapping), which shows the local authority area covered by the CoL:
https://www.mapping.cityoflondon.gov.uk/...

The CoL does have some functions, including Port Health Authority functions, which extend beyond the City boundary. For further information please see: http://www.cityoflondon.gov.uk/.

Yours sincerely,

Information Officer
Comptroller & City Solicitor's Department
City of London
Tel: 020 7332 1243
http://www.cityoflondon.gov.uk/

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COL-EB-InformationOfficer, City of London Corporation

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Dear G D Jones,

REQUEST FOR INFORMATION

Following your request of 04 February 2025, and our acknowledgement of the
same date, the City of London (CoL) responds as follows:

Please note the work of the CoL is funded from one of three principal
Funds which it controls and has responsibility for. One is the City Fund
(a public, tax-based fund); another is City’s Estate (a combination of
funds including endowments which have been built up over the centuries);
and the third is the Bridge House Estates (working name ‘City Bridge
Foundation’ (Ch. No. 1035628)) which maintains and supports five central
London bridges crossing the Thames and otherwise undertakes charitable
funding activity for the benefit of the inhabitants of Greater London).

Only our City Fund activities, i.e. our functions as a local authority,
police authority and port health authority, and our functions as
proprietor of the Guildhall School of Music and Drama (GSMD), fall within
scope of the FOIA. Please see the FOIA, Schedule 1, Part II, paragraph 9,
and for the GSMD Part IV, paragraph 53(1)(d).  Subject to any other
statutory provisions requiring the CoL to disclose information, release of
information outside the scope of the FOIA is subject to the discretion of
the CoL. For further information about the CoL’s finances and budgets,
please see the website at
[1]https://www.cityoflondon.gov.uk/about-us...

Information held relating to City’s Estate (formerly City’s Cash)  is out
of scope of the FOIA.

We hope that this response is of assistance.

If you wish to make a complaint about the way the CoL has managed your
enquiry, please make your complaint in writing to email address: [2][email
address] For a link to the CoL’s FOI complaints procedure, please visit
the following page: [3]www.cityoflondon.gov.uk/Feedback, at the end of
which is located the FOI complaints procedure. If, having used the CoL’s
FOI Complaints Procedure, you are still dissatisfied, you may request the
Information Commissioner to investigate. Please contact: Information
Commissioner, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF.
Telephone: 0303 123 1113.  Website: [4]http://www.ico.org.uk/.

The FOIA applies to the CoL as a local authority, police authority and
port health authority; and to the Guildhall School of Music and Drama
(GSMD), which it manages. Subject to any other statutory provisions
requiring the CoL to disclose information, release of information outside
the scope of the Act is subject to the discretion of the CoL.

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give a right to re-use in a way that would infringe that copyright, for
example, by making copies, publishing and issuing copies to the public or
to any other person. Brief extracts of any of the material may be
reproduced under the fair dealing provisions of the Copyright, Designs and
Patents Act 1988 (sections 29 and 30) for the purposes of research for
non-commercial purposes, private study, criticism, review and news
reporting, subject to an acknowledgement of the copyright owner.

Yours sincerely,

Information Officer

Comptroller & City Solicitor’s Department

City of London

Tel: 020 7332 1243

[5]www.cityoflondon.gov.uk

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References

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1. https://www.cityoflondon.gov.uk/about-us...
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Dear COL-EB-InformationOfficer,

I thought I did specify the City Cash’s fund: given my question related to trustees I was addressing my request to those historical endowments and charities.

https://en.m.wikipedia.org/wiki/City%27s...

Yours sincerely,

G D Jones

COL-EB-InformationOfficer, City of London Corporation

Dear G D Jones,

Thank you for your email.

To re-iterate our response of 11 February 2025, there are 3 principal funding sources of the City of London, City Fund, City's Estate (formerly City's Cash) and Bridge House Estates. More information on these can be found on the following website:
https://www.cityoflondon.gov.uk/about-us...

Your original request and the link within it (https://en.m.wikipedia.org/wiki/City%27s...) pertain to City's Cash which, as stated in our response, falls outside of scope of the Freedom of Information Act (FOIA).

Therefore, we are unfortunately unable to help you any further. Please note that, should you revise or clarify your request, any revised request would constitute a new request, and may be subject to the consideration of exemptions, as appropriate.

If, having used the City Corporation's FOIA 2000 Complaints Procedure, you are still dissatisfied, you may request the Information Commissioner to investigate. Please contact: Information Commissioner, Wycliffe House, Water Lane, Wilmslow, Cheshire, SK9 5AF. Telephone: 0303 123 1113. Website: http://www.ico.org.uk/.

Yours Sincerely,

Information Officer
Comptroller & City Solicitor's Department
City of London
Tel: 020 7332 1243

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