Park charity could put funds into investment trust

Park charity could put funds into investment trust

Reporter:

Simon Meechan

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Park charity could put funds into investment trust

A park charity managed by the Royal Borough could invest its funds in an investment trust.

A report submitted to the council recommends investing £300,000 of Kidwells Park Trust Cash in the Legal and General Distribution Trust.

The Kidwells Park Trust is a council-managed charity which assists in funding leisure facilities for Windsor and Maidenhead.

Legal and General use the distribution trust to invest money in a portfolio of bonds and financial assets.

The report says that Legal and General's trust is producing a net yield of 4.1 per cent, which would be an income of £12,000 on the Royal Borough's investment.

The report adds: "The intention is that future grants will be funded by the income generated by the investment."

It adds that the investment would offers an 'opportunity to deliver sufficient revenue to meet the requirements of the trust.'

The report will be heard at a council meeting in Windsor Guildhall on Tuesday at 7.30pm.

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