Members were told that the financial plan for the current year estimated there will be around £25,926 to be distributed in grants – but even if this is used to tackle the deficit, there will still be a shortfall of £6,595.As a result, the sub committee was asked to “consider drawing down capital from the Brewin Dolphin investment portfolio” – with the amount required to be taken depending on how much members planned to award in grants over the coming year..
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