Issue - meetings

To consider a report of the Assistant Director for Finance (Interim Section 151 Officer). 

The report provides an update on the financial standing of the Trust as at 30 September 2024. 

The Area Committee is recommended to: 

a)    Note the contents of this report; 

b)   Decide upon the amount of funding to be made available for distribution from the Trust during 2024/25;  

c)    Advise as to any changes in the investment policies adopted that they wish to make. 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. 

d)   Approve the proposed additional guidelines for the distribution of monies from the Trust: 

·         Not to permit retrospective grant applications, and  

·         An upper limit of £5,000 be placed on the amount that can be applied for by applicants. 

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