Decision details

The Area Committee, acting in its capacity as Trustee for the Brookfield Park Shiers Family Trust, considered a report providing an update on the financial standing of the Trust as at 30 September 2015, indicating the amount of money available for distribution to organisations and advising on the relevant performance of investment funds. The Area Committee agreed to:-

·         note the contents of the report

·         reaffirm its previous decision to reserve £25,000 from the Trust towards addressing the effect of loneliness amongst elderly residents and the consequential effect on their health.

·         make no distribution of the Trust at this moment in time.

·         retain the current investment policy of the Trust.

To agree a different policy in respect of the distribution of the Trust and follow a different investment policy.