The Area Committee, acting in its capacity as Trustee for the Brookfield Park Shiers Family Trust, considered a report which advised Members of the financial standing of the Trust and sought their approval to formally adopt the Financial Accounts of the Trust for the year ending 31 March 2016.
The Area Committee agreed to:-
· note the contents of the report.
· formally adopt the Financial Accounts of the Brookfield Park Shiers Family Trust for the year ending 31 March 2016, included as Appendix One to 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, and make a distribution of the Trust in accordance with this decision.
· retain the current investment policy of the Trust.