Brookfield Park Shiers Family Trust Mid-Year Report 2024/25

October 29, 2024 Cheadle Area Committee (Committee) Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...to approve the distribution of £25,000 from the Brookfield Park Shiers Family Trust during 2024/25, maintain existing investment policies, and adopt additional guidelines for fund distribution, including no retrospective applications, a £5,000 upper limit per application, a two-year application limit per group, and a focus on benefiting the wider community.

Full council record

Decision

The Area Committee has
given approval to:
 
a)   
Confirm that £25,000 be made available for distribution from
the Trust during 2024/25.
b)   
Confirm that no changes be made to the adopted investment
policies.
c)   
The following additional guidelines for the distribution of monies
from the Trust:

·        
Not to permit retrospective applications.

·        
An upper limit of £5,000 be placed on the amount that can be
applied for by applicants.

·        
No more than one application from a group will be considered in any
two-year period.

·        
Applications should aim to benefit the wider community and not
solely benefit a particular group and/or have a very limited number
of beneficiaries.

Supporting Documents

Brookfield Park Shiers Family Trust Mid-Year Report 202425.pdf
Enc. 1 for Brookfield Park Shiers Family Trust Mid-Year Report 202425.pdf

Details

OutcomeRecommendations Approved
Decision date29 Oct 2024
Subject to call-inYes