The Area Committee, acting in its capacity as Trustee for the Brookfield Park Shiers Family Trust, has considered a report advising it of the financial standing of the Brookfield Park Shiers Family Trust as at 30 September 2017, indicating the amount of money available for distribution to organisations and provided commentary on the relevant performance of investment funds.
The Area Committee agreed to:-
· note the contents of the report.
· that no additional distribution of the Trust be made in addition to the Area Committee’s previous decision to reserve £25,000 from the Trust addressing the effect of loneliness amongst elderly residents and the consequential effect on their health.
· retain the current investment policy of the Trust.