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 £6,373 which allows for an estimated reserve of £104,694 to be passed over to the Bournemouth Town Council.

The Responsible Financial Officer, Mr Matt Filmer, presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'B' to these Minutes in the Minute Book.

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 spend to date and planned activity for the rest of the year being lower than originally envisaged. The forecast underspend for the year was £6,373 which allowed for an estimated reserve of £104,694 to be passed over to the Bournemouth Town Council.

RESOLVED the Charter Trustees noted the in-year budget position for 2025/26 and other finance updates set out in the report.