Issue - meetings

To consider a report of the Borough Treasurer

The report advises the Area Committee of the financial standing of the Trust and for Members to formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2018 and consider the investment stategy that they wish to follow.

The Area Committee is requested 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;

·         decide upon the policy that they wish to adopt in respect of the distribution of the Trust; and

·         advise as 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 Borough Treasurer submitted a report (copies of which had been circulated) advising the Area Committee of the financial standing of the Brookfield Park Shiers Family Trust and requesting Members to formally adopt the Financial Accounts of the Trust which were contained in Appendix One to the report.

The Area Committee, acting in its capacity as Trustee for the Brookfield Park Shiers Family Trust:-

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  2018, included as Appendix 1 to the report, be adopted.

(3) That £35,000 from the Trust be allocated and further consideration given 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.

(4) 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.