Issue - meetings

To consider a report of the Borough Treasurer

The report advises the Area Committee of the financial standing of the Brookfield Park Shiers Family Trust as at 30 September 2017, indicates the amount of money available for distribution to organisations and provides commentary on the relevant performance of investment funds.

The Area Committee is requested to:-

·         note the contents of the report.

·         decide upon the policy that they wish to adopt in respect of the distribution of the Trust; and

·         advise as to the investment policy that they wish to follow.

Officer Contact: Paula McDonald on 0161 474 4708 or email: paula.mcdonald@stockport.gov.uk

A representative of the Borough Treasurer submitted a report (copies of which had been circulated) advising the Area Committee, acting in its capacity as Trustee for the Brookfield Park Shiers Family Trust, of the financial standing of the Brookfield Park Shiers Family Trust as at 30 September 2017, indicating the amount of money available for distribution to organisations and providing commentary on the relevant performance of investment funds.

 RESOLVED –(1) That the report be noted.

(2) That no additional distribution of the Trust be made in addition to the Area Committee’s previous decision to reserve £25,000 from the Trust addressing the effect of loneliness amongst elderly residents and the consequential effect on their health.

(3)That the current investment policy of the Trust be retained.