Issue - meetings

The forecast for the 2025/26 financial year is that the Charter Trustees of Bournemouth will underspend against the budget set. This is due to spend to date and planned activity for the rest of the year being lower than originally envisaged. The forecast underspend for the year is £5,848.

The Responsible Financial Officer, Matt Filmer, presented a report advising Trustees that the forecast for the 2025/26 financial year was that the Charter Trustees of Bournemouth would underspend against the budget set. This was due to the current spend to date, together with planned activity for the rest of the year being lower than originally envisaged. The forecast underspend for the year was £5,848, resulting in a final reserve balance of approximately £104k.

The AGAR, submitted earlier in the year, had since been externally audited and given a clean bill of health. Relevant documents would be uploaded to the website in the coming days.

The Deputy Mayor, Councillor George Farquhar, highlighted the need to hand over civic regalia etc. in good condition to the new Town Council, and suggested that the CWG should work with the Responsible Financial Officer to use the forecast underspend, or other available monies, to ensure any regalia upkeep was carried out.