Issue - meetings

To consider a report of the Borough Treasurer

The report Members of the financial standing of Brookfield Park Shiers Family Trust as at 30 September 2019, indicates the amount of money available for distribution to organisations and provides commentary on the relevant performance of investment funds.

The Area Committee is requested to:-

·         Note the contents of the report;

·         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 4408 or email: paula.mcdonald@stockport.gov.uk

A representative of the Borough Treasurer submitted a report (copies of which had been circulated) setting out the financial standing of the Brookfield Park Shiers Family Trust as at 30 September 2019, indicating the amount of money available for distribution to organisations and providing commentary on the relevant performance of investment funds.

RESOLVED – (1) That the contents of the report be noted.

(2) That the Area Committee reaffirms its previous decision to allocate £50,000 from the Trust to support 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.

(3) That with regard to the investment policy, the Area Committee reaffirms that the dividends paid in the investment fund be re-invested in the fund two or three times a year, as appropriate.

(4) That the possibility of someone working on the Trust’s behalf in a community capacity / community development role, on a part time basis, be investigated, to be funded by the Trust and that authority be delegated to the Brookfield Park Shiers Family Trust sub-group to consider this further.

(5) That any possible linkages between the Trust and the Stockport Local Fund be explored, particularly with regard to advertising and publicity, email circulation lists and workshops/roadshows.