Issue - meetings

Financial Position Report 2017/18

Meeting: 25/04/2018 - Cobtree Manor Estate Charity Committee (Item 71)

71 Financial Position Report 2017/18 PDF 62 KB

View item 71 as HTML 66 KB

Additional documents:

Appendix 1 - Financial Position, item 71 PDF 208 KB

Minutes:

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 2/9^ths 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.