Issue - meetings

This report presents the annual report for the Barham Park Trust for 2017/18.  There is a statutory requirement to produce an Annual Report, including the Accounts each financial year.

RESOLVED:

i)     That the Annual Report and Accounts for 2017/18 be approved;

ii)    That the Independent Review of the Accounts be noted;

iii)   That officers update the Charity Commission with the Annual Report and Accounts for 2017/18.

Minesh Patel (Head of Finance) introduced the 2017/18 Annual Report  for the Barham Park Trust, which set out the annual accounts and summarised the work undertaken on behalf of the Trust during this period. The annual accounts had been subject to review by an independent examiner. The report of the Independent Examiner, attached as an appendix to the annual report, confirmed that there were no issues of concern regarding the accounts. Providing an overview of the accounts, Minesh Patel advised that the Trust had incurred expenditure of £99,085 during 2017/15 on the refurbishment of the building complex and the park. Over the same period, the Trust  had generated £99,918 receipts from rental income and interest earned, which led to the cash balance of the Trust increasing by £833 to total £465,157. Members were advised that general expenditure on the running and maintenance of the park and buildings had increased by £18,932 compared to 2016/17 and income had increased by £12,526.

The committee discussed the report and thanked officers for the work undertaken during 2017/18.

RESOLVED:

i)     That the Annual Report and Accounts for 2017/18 be approved;

ii)    That the Independent Review of the Accounts be noted;

iii)   That officers update the Charity Commission with the Annual Report and Accounts for 2017/18.