THE CHARITY KNOWN AS COBTREE MANOR ESTATE

COBTREE MANOR ESTATE CHARITY COMMITTEE

 8 JUNE 2011

REPORT OF THE COBTREE OFFICER

Report Prepared by: Brian Latimer – Cobtree Officer

1.                           ASSET MANAGEMENT PLAN – 2011/14

1.1                        Issue for Decision

1.1.1                   To consider the draft Asset Management Plan for the period 2011/14.

1.2                        Recommendation of the Cobtree Officer

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

1.3                        Reasons for Recommendation

1.3.1                   Members of the Committee previously resolved to carry out an annual review of the Charity’s Asset Management Plan using appropriate data extracted the from the Council’s own plan.  A review has not been conducted since November 2009; partly due to revised arrangements within the Council and the none-availability of the required property information.

1.3.2                   Set out in the attached Appendix is a draft plan for the period 2011/14.  The plan 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 assists 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 shown in the report.

Background Documents