Decision details

To consider the options for the funding of the proposed enhancements and improvements to the Cobtree Manor Estate as detailed in the revised master plan, outline project plan, budget assessment and the related design elements (“the scheme”).

That the Cobtree Manor Estate Charity Committee agrees approves and resolves to pass the following:-

(i)  To approach the Charity Commission using either the Charity’s statutory powers under Section 75A of the Charities Act 1993, as amended by the Charities Act 2006, or other appropriate powers, seeking the release of up to £275,000 of the permanent endowment in the following terms:

(ii)  Should the Charity Commission give its approval for the releasing of part of the permanent endowment as outlined in (i) above, to spend that released sum on completing one part of the scheme; namely the supply and construction of a play area.

(iii)To allocate not less than £ 25,000 per annum of the future yearly revenue stream over a minimum period of ten years to a separate account, which account shall then be used towards the costs of the proposals outlined in the scheme.

(iv)To agree and authorise Officers to discuss further with heritage Lottery Officers, other grant making organisations and the Charity Commission proposals for the future funding of the remainder of the scheme, and to bring a further report or reports to the Committee at the earliest available opportunity.