Memorandum/report prepared by CF on 24/06/2008 for the Macfarlane Trust Board meeting to be held on 14 July 2008 regarding the reserves policy. The memorandum discusses communications with the Department of Health and the decision not to continue using the reserves up but stick to the Department of health level of funding. The memorandum outlines some figures relating to the funding and finances of the Macfarlane Trust.