Decision details

Brookfield Park Shiers Family Trust Annual Report 2022/23

Decision Maker: Cheadle Area Committee

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes


The Area Committee has given approval to:


a)    formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for year ending 31 March 2023;


b)    that a budget of £10,000 of funding to be made available for distribution from the Trust during 2023/34;


c)    continue to operate the current investment policies, namely, to maintain the value of the Trust in real terms before considering any distribution and to reinvest the dividends received in relation to the Investment Fund back into that Investment Fund;


d)    continue to receive updates at Area Committee meetings from the Democratic Services Officer on the progression and/ or success of projects which have received a grant from the Brookfield Park Shiers Family Trust;


e)    the proposed dates and times of Brookfield Park Shiers Family Trust Sub Committee meetings to be held during the period until the next annual council meeting as per the report; and


f)     the proposal to add the Deputy Section 151 Officer, Jonathan Davies, as Trustee to the Fund for administrative purposes to the Charity Commission website.

Alternative options considered:

The Area Committee could have considered alternative options in relation to investment policies for the Trust.

Interests and Nature of Interests Declared:


Decision Reference: ACEDC869

Declarations or conflicts of Interest: None.

Contact: Paula McDonald, Corporate & Support Services Email: Tel: 0161-474-4708.

Report author: Paula McDonald

Publication date: 21/06/2023

Date of decision: 20/06/2023

Decided at meeting: 20/06/2023 - Cheadle Area Committee

Effective from: 27/06/2023

Accompanying Documents: