Issue - meetings

To consider a report of the Corporate Director, Corporate and Support Services

The report advises the Area Committee of the financial standing of the Brookfield Park Shiers Family Trust and requests Members to formally adopt the Financial Accounts for the year ending 31 March 2020 which can be found at Appendix One.

The Area Committee is further requested to consider the position of the Fund in real terms and to advise as to the investment strategy 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 Scrutiny Committee of the financial standing of the Brookfield Park Shiers Family Trust and requesting Members to formally adopt the Financial Accounts of the Trust for the year ending 31 March 2020 which were attached as Appendix One to the report. The Scrutiny Committee was requested to consider the position of the Fund in real terms and to advise as to the investment strategy that they wished to follow.

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

(2)  That the Financial Accounts for the year ended 31 March 2020, attached as Appendix One 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 Councillor Anna Charles-Jones, Keith Holloway and John Pantall, be reconvened to consider the distribution of the Trust during 2020/21.

(5)  That the current investment policy be retained.