The Area Committee has:
(1) Noted the report.
(2) Confirmed support for the existing guidelines for the distribution of monies from the Trust:
· Invite applications for projects by voluntary and community groups in the area of the former Cheadle and Gatley Urban District Council, to include both enhancements of existing projects as well as new projects.
· There is no upper limit on the amount that may be applied for and any applications and grant amount awards will be considered on a case by case basis. Groups are permitted to submit further applications once a project was more advanced.
· There is an expectation that applications will include innovation, imagination and good presentations for proposed projects, and that proposed projects work for the good and betterment of the community.
· Attach a grant condition requiring the money to be spent on residents within the Trust's area, even if the organisation applying for the grant is located outside the area of benefit of the Trust.
(3) Agreed the aims that projects should seek to support as follows:
· address the effects of loneliness of residents and the consequential effect on their health and wellbeing;
· support voluntary groups and sports groups for residents of all ages; and
· support increased accessibility in district and local centres.
(4) Agreed that the £16,251 surplus funds be made available for distribution.
(5) Agreed to continue with the current investment policy.