Issue - meetings

To consider a report of the Corporate Director for Corporate and Support Services

 The report sets out the financial standing of the Trust which indicates the amount of money available for distribution to organisations.

The Area Committee is recommended to formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2015, decide upon the policy that they wish to adopt in respect of distribution of the Trust and advise as to to the investment policy that they wish to follow.

Officer Contact: Paula McDonald on 0161 474 4708 or email: paula.mcdonald@stockport.gov.uk

A representative of the Corporate Director for Corporate and Support Services submitted a report (copies of which had been circulated) setting out the financial standing of the Brookfield Park Shiers Family Trust which indicated the amount of money available for distribution to organisations and also requesting that the Area Committee formally adopt the Financial Accounts of the Trust for the year ending 31 March 2015 and advise as to the investment strategy that they wished to follow.

RESOLVED – (1) That the report be noted.

(2) That the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2015 be formally adopted.

(3) That a report be submitted to a future meeting of the Area Committee regarding the effect of loneliness amongst elderly residents and the consequential effect on their health.

(4) That £25,000 be reserved from the Trust towards addressing the issues referred to in (3) above.

(5) That £15,000 be made available for support to local voluntary organisations.

(6) That the current investment policy of the Trust be retained.