Decision Maker: Cheadle Area Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
The Area Committee, acting in its capacity as Trustee for the Brookfield Park Shiers Family Trust, has considered a report on the current financial standing of the Trust and has agreed to:-
· note the contents of the report
· formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2018 included as Appendix 1 to the report;
· allocate £35,000 from the Trust and give further consideration to supporting 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.
· that with regard to the investment policy, approval be given to a gradual move of funds from the deposit account to the investment account to make the most of the dividend.
Continue the current policy for the distribution of the Trust.
Decision Reference: ACEDC569
Declarations or conflicts of Interest: None
Contact: Paula McDonald, Corporate & Support Services Email: paula.mcdonald@stockport.gov.uk Tel: 0161-474-4708.
Report author: Paula McDonald
Publication date: 06/06/2018
Date of decision: 05/06/2018
Decided at meeting: 05/06/2018 - Cheadle Area Committee
Effective from: 13/06/2018
Accompanying Documents: