Decision details
Brookfield Park Shiers Family Trust Mid-Year Update 2016/17
PDF 68 KBDecision Maker: Cheadle Area Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Decision:
The Area Committee, acting in its capacity as Trustee for the Brookfield Park Shiers Family Trust, considered a report which advised Members of the financial standing of the Trust as 30 September 2016 and indicated the amount of money available for distribution to organisations and reported on the relevant performance of investment funds.
The Area Committee agreed to:-
· note the contents of the report.
· make no additional distribution of the Trust in addition to its previous decision to reserve £25,000 from the Trust towards addressing the effect of loneliness amongst elderly residents and the consequential effect on their health.
· retain the current investment policy of the Trust.
Alternative options considered:
To agree a different policy in respect of the distribution of the Trust and follow a different investment policy.
Interests and Nature of Interests Declared:
None
Decision Reference: ACEDC510
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: 09/11/2016
Date of decision: 08/11/2016
Decided at meeting: 08/11/2016 - Cheadle Area Committee
Effective from: 16/11/2016
Accompanying Documents: