Issue - meetings

The forecast for the 2025/26 financial year is that the Charter Trustees of Poole 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 £25,151 which allows for an estimated reserve of £90,487 to be passed over and split between the Poole and Broadstone Town Councils.

The Responsible Financial Officer, Matt Filmer, provided a financial update a copy of which had been circulated to each Trustee.

The Trustees were informed that the forecast for the 2025/26 financial year was that the Charter Trustees of Poole would underspend against the budget set, and that this was due to spend to date and planned activity for the rest of the year being lower than originally envisaged.

Trustees were further advised that the forecast underspend for the year was £25,151 which allowed for an estimated reserve of £90,487 to be passed over and split between the Poole and Broadstone Town Councils.

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