Issue - meetings

To consider a report of the Corporate Director (Corporate and Support Services) and Deputy Chief Executive

The report advises Members of the financial standing of the Brookfield Park Shiers Family Trust and for Members to formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2021, which can be found at Appendix One.

The report also provides an update to inform Members of the financial standing of the Trust as at 31 August 2021, indicate the amount of money available for distribution to organisations and provide commentary on the relevant performance of investment funds.

The Area Committee is recommended 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 2021;

·         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 Corporate Director (Corporate and Support Services) and Deputy Chief Executive submitted a report (copies of which had been circulated) advising Members of the financial standing of the Brookfield Park Shiers Family Trust and requesting Members to formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2021 where were attached at Appendix One to the report.

The report also provided an update to inform Members of the financial standing of the Trust as at 31 August 2021, indicated the amount of money available for distribution to organisations and provided commentary on the relevant performance of investment funds.

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

(2)  That the Financial Accounts of the Trust for the year ended 31 March 2021, attached as Appendix One to the report be formally adopted;

(3)  That the Area Committee’s previous decisions be reaffirmed to allocate

 £75,000 from the Trust to support projects from voluntary and community groups which aim to:-

- reduce loneliness for people aged 50 years or older (to include both enhancement of existing projects as well as new projects); and

- 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.

(4)  That the current investment policy be retained.