To consider a report of the Deputy Chief Executive.
The reports updates members on the financial standing of the Brookfield Park Shiers Family Trust as at 31 March 2022 and Financial Accounts for year ending 31 March 2022.
The Area Committee is asked to note the report.
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A representative of the Deputy Chief Executive (Section 151 Officer) submitted a report (copies of which had been circulated) informing members of the financial standing of the Brookfield Park Shiers Family Trust. The Area Committee were recommended to adopt the financial accounts for the year ending 31 March 2022 and decide upon the policy that they may wish to adopt in respect of the distribution of the Trust.
Members considered the report and recommendations, and agreed changes in addition to the existing guidelines for the distribution of the Trust. It was felt that it would be useful for the Area Committee to see case studies of where previous funding had been allocated and what it had been used for.
(1) That the report be noted.
(2) That the Financial Accounts of the Brookfield Park Shiers Family Trust for year ending 31 March 2022 be adopted.
(3) That with regard to the policy and distribution of the Trust, the following be adopted in addition to the existing guidelines:
· That the usual grant award amount of £1,000/ £1,500 per organisation be removed and that no figure be set as a guideline, but applications and their grant award amounts submitted be considered on a case by case basis.
· That the guidelines for the distribution of monies from the Trust be expanded to include, but not be limited to, the fact that the Area Committee expect innovation, imagination and good presentations in applications for proposed projects, and that proposed projects work for the good and betterment of the community.
(4) That support be confirmed for the existing aims that projects should seek to support, specifically:
· Address the effect of loneliness amongst elderly residents and the consequential effect on their health.
· Support children and young people, young carers, address loneliness amongst children and young people, and support sports groups for people of all ages.
(5) That approval be given to continue with the current investment policy.