Michael Jackson, Principal Financial Accountant, presented the report which set out for approval the accounts for the year ended 31 March 2019 for charities and trusts for which the Council is the sole trustee. This report is now produced separately to the SOA and gives more detail about the accounts as requested previously by this Committee. There is no statutory requirement for the accounts to be audited.
Three of the charities or trusts hold external investments. No sums have been disinvested and reinvested, but the market value of investments varies from year to year. Such changes in market value are reflected in the relevant accounts.
Members requested further information about the William Cocker Charity in relation to the provision of recreation grounds in Chorley and in general, what the available money can be spent on for all of the charities via intheknow.
Decision: To approve the accounts presented in Appendix A to E be approved.