Issue - meetings

To consider a report of the Deputy Chief Executive.

The report outlines the financial standing of the Trust as at 31 March 2024 and requests the Area Committee to formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the financial year ending 31 March 2024.

The Area Committee is recommended to:

(1) note the contents of the  report;

(2) formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for year ending 31 March 2024;

(3) consider the amount of funding to be made available for distribution from the Trust during 2024/25; and

(4) advise as to any changes in the investment policies adopted. As a reminder, the investment policies are:

·         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.

Officer contact: Paula McDonald 0161 474 4708 | paula.mcdonald@stockport.gov.uk

A representative of the Assistant Director for Legal & Democratic Governance submitted a report of the Deputy Chief Executive (copies of which had been circulated) outlining the financial standing of the Trust as at 31 March 2024 and requested the Area Committee formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the financial year ending 31 March 2024.

RESOLVED -

1)    to formally adopted the Financial Accounts of the Brookfield Park Shiers Family Trust for year ending 31 March 2024;

2)    to agree that £25,000 of funding be made available for distribution from the Trust during 2024/25; and

3)    to confirm that no changes be made to the adopted investment policies.