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  The £350,000 came from Dover TOWN Council reserves and the endowment is fully minuted in Council minutes and was splashed across the local rags middle of last year when the decision was made. It is an endowment not a loan so there is no interest to pay and I am sure that this will all be fully disclosed in the Councils accounts when they are published later this year.
  
  What is the £1m you refer to?
  If you are referring to Dover Big Local (DBL) this has nothing to do with the Council.
  Why not go along to one their public meetings...or pop into their hub in the Charlton Centre and find out more.
  The money is held centrally by, a Big Lottery created entity called, Local Trust.
  DBL agree a 2 year plan (as do the other 149 Big Local areas) with Local Trust, so they can manage the centralised funds and DBL draw down money on a 6 monthly basis to spend on the projects they have indicated; there is an opportunity to adjust the plan annually and every other year a new plan is created, submitted, approved etc.. This is all done with the full involvement of the local residents.
  Local Trust invest the money held centrally and any interest generated will be added to the £1m each area was given towards the 8th year of their existence.
  Financial statement are available
  I understand that in the first 2 years of DBL they spent just over £235,000 of the £1m on projects but in the process attracted over £350,000 of match funding to give a total local spend of in excess of £500,000

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