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 as 30 September 2016 and indicated the amount of money available for distribution to organisations and reported on the relevant performance of investment funds.
The Area Committee agreed to:-
· note the contents of the report.
· make no additional distribution of the Trust in addition to 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.
· retain the current investment policy of the Trust.