Issue - meetings

To consider a report of the Borough Treasurer

The report advises the Area Committee of the financial standing of the Trust and seeks approval for the Area committee to formally adopt the financial Accounts of the Trust for the year ending 31 March 2019, as set out in Appendix One to the report.

The Area Committee is recommended to:-

·         note the content of the report;

·         formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2019;

·         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 of the financial standing of the Brookfield Park Shiers Family Trust and seeking approval for the Area Committee to formally adopt the financial accounts of the Trust for the year ending 31 March 2019, as set out in Appendix One to the report.

RESOLVED – (1) That the contents of the report be noted.

(2)That the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ended 31 March 2019, included as Appendix 1 to the report, be formally adopted.

(3) That the Area Committee’s decision to allocate £50,000 from the Trust to support voluntary groups for children and young people, young carers, addressing loneliness amongst children and young people, and supporting sports groups for people of all ages be reaffirmed.

(4)That the sub-group previously established to consider applications for funding from the Brookfield Park Shiers Family Trust, comprising Councillors Anna Charles-Jones, Keith Holloway and John Pantall, be reconvened to consider the distribution of the Trust.

(5)That with regard to the investment policy, the dividends paid in the investment fund be re-invested in the fund two or three times a year, as appropriate.