MACF0000060_038 - Proposal to spend the retained reserves - 26 Jul 2012

Macfarlane Trust Proposal Report on spending the retained financial reserves. This report outlines the background of the Trust and the requirements of the reserves policy and expresses that most beneficiaries are contacting their MPs and as a result there needs to be a decision regarding whether or not to proceed with the commitment of the financial reserves that will be suitable for the beneficiaries. The report also discusses the PreArcher Deficit the insufficient funds received from the Department of Health which has in turn made it difficult for the Mafarlane Trust to adequately meet the financial needs of the beneficiaries the report also focuses on the increasing needs of the widows and carers community and the deteriorating conditions of beneficiaries living conditons.