Mr Paul
Holland, Senior Finance Manager (Client), presented the report to
the Committee.
It was
noted that the operations of the Estate for 2017/18 showed a small
surplus of £5,047, following the transfer of
2/9ths of the net golf course surplus. The resources of
the Trust had increased by £47,859 in 2017/18, taking into
account the investment income received.
The
Committee requested that Officers bring a report to the next
meeting of the Committee to clarify the situation on VAT
exemptions, to confirm what ‘cleaning costs’ referred
to at the Cobtree Manor Park and at the Cobtree Visitor Centre, and
to give a breakdown of the unrecoverable £20k VAT payments
that were made during 2017/18.
RESOLVED: That the
current financial position be noted with reservations, awaiting the
further information that was requested.