Decision details

Dividend or charitable donation payment by Welland Homes

Decision Maker: Portfolio Holder for Assets & Strategic Planning

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To endorse the decision of Welland Homes Board in accordance with the Welland Homes Dividend and Charitable Donations policy


1.     That the decision of Welland Homes Board to make charitable donations in accordance    with the WellandHomes Dividend andCharitable DonationsPolicy, is approved.


2.     That thefollowing charitable donations aremade:

·       £83,960 toCitizens Advice SouthLincolnshire

·       £31,000 toLincolnshire Community& Voluntary Service.


3.     That thenecessary Shareholderresolution bepassed.


Reasons for the decision:

To ensure that the Company is able to support one of its principal objectives which is to provide a financial benefit to the Council’s General Fund.


The Company’sDividend andCharitable DonationsPolicy requiresshareholder approvalto proceed with the payment of charitable donations (in accordance with the Company’sarticles ofassociation).


Approving the decision of Welland Homes Board will enable Welland Homes to makecharitable donations to the proposed beneficiaries in lieu of payments from SHDC, whichwill provide afinancial benefit tothe General Fund.


Alternative options considered:

Nottoapprovethedecision ofWelland Homes Board,in whichcase theproposed charitabledonations willnot be made.


Interests and Nature of Interests Declared:


Reason Key: Generating income above £75,000 threshold in respect of revenue/£180,000 in respect of capital;

Wards Affected: (All Wards);

Conflict of Interest: None

Dispensation Granted: None

Other reasons / organisations consulted

To seek a view on whether a dividend or charitable donation is preferred.


Leader of the Council
Welland Homes Board
S151 Officer

Contact: Caroline Hannon, Head of Delivery Email:

Publication date: 10/03/2023

Date of decision: 10/03/2023

Effective from: 18/03/2023

Accompanying Documents: