Decision Maker: Cheadle Area Committee

Outcome: Recommendations Approved (subject to call-in)

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: December 2, 2025

Purpose:

Content: The Area Committee has given approval to the following recommendations - (1)  To note the contents of this report; (2)  To continue with the following investment policies: ·         to maintain the value of the Trust in real terms before considering any distribution, and ·         to reinvest the dividends received in relation to the Investment Fund back into that Investment Fund; (3)  To agree not to make funding available for distribution from the Trust during 2025/26 due to the Trust’s deficit outlined in the report of £5,796; (4)  To continue with the current investment policies which are as follows: ·         To maintain the value of the Trust in real terms before considering any distribution, and ·         To reinvest the dividends received back into the Investment Fund for capital growth, and; (5)  To request that the Director of Finance provides an update on options for seeking financial advice on the investment strategy for the fund for the Committee to consider as trustees.   (NOTE: This decision has been republished to correct an administrative error in the schedule of decisions previously published).  

Alternative options considered: The Committee considered whether to change the investment policies to allow for the distribution of funds. However, this was rejected due to the Trust being in deficit by £5,796 as of 30 September 2025. It was noted that any distribution agreed would reduce the value of the fund in real terms.