THE CHARITY KNOWN AS COBTREE MANOR ESTATE

COBTREE MANOR ESTATE CHARITY COMMITTEE

 NOVEMBER 2009

REPORT OF THE COBTREE OFFICER

Report Prepared by: Brian Latimer – Cobtree Officer

1.                           ASSET MANAGEMENT PLAN – 2009 - 2011

1.1                        Issue for Decision

1.1.1                   To consider draft Asset Management Plan for the period 2009 - 2011.

1.2                        Recommendation of the Cobtree Officer

1.2.1                   It is recommended that the Asset Management Plan attached as an Appendix to this report be endorsed.

1.3                        Reasons for Recommendation

1.3.1                   At the meeting of the Cobtree Manor Estate Committee on 19 November 2008 Members carried out their annual review of the Charity’s Asset Management Plan using appropriate data extracted the from the Council’s own plan.  The plan was endorsed with minor amendments.

1.3.2                   Set out at Appendix A to this report is a copy of the draft plan for the period 2009 -2011.  The plan has been reviewed by officers and is presented for Members consideration.

1.4                        Alternative Action and why not Recommended

1.4.1                   The alternative course of action is to leave the Asset Management Plan within the Council’s overall plan, but this is not recommended as it does not sufficiently emphasise the distinct separation of consideration which must be given to matters relating to the Cobtree Estate.

1.5                        Impact on Charity Objects

1.5.1                   The Asset Management Plan will continue to help the Charity to focus on the appropriate use of its assets to achieve its stated objectives.

1.6                        Risk Management

1.6.1                   Inappropriate management of the Charity’s assets may risk a challenge from the Charity Commission.

1.7                        Other Implications

1.7.1                            

1.7.2                   Any immediate financial implications are contained in the body of the report.

1.8                        Conclusions

1.8.1                   The Committee has resolved to undertake an annual review of its Asset Management Plan to ensure a better use of the resources at its disposal.

Background Documents