Agenda and minutes

There were no apologies.

There were no declarations.

To approve the public minutes and summary of the last meeting held on 11 January 2021.

The draft public minutes of the Finance & Risk Committee meeting held on 11 January 2021 were approved as a correct record.

Report of the Director of Operations and Buildings.

(N.B. – To be read in conjunction with the non-public appendix at Item _)

The Committee received a report of the Director of Operations and Buildings providing Members with an update on the Centre’s maintenance and refurbishment projects that fall under the Cyclical Works Programme (CWP) and additional projects funded from other sources.

RECEIVED.

There were no questions.

The Chair advised Members that this would be Deputy Giles Shilson’s last Finance & Risk Committee meeting and thanked to him for all of his hard work during his 10 years on the Board. Members and Officers echoed the Chair’s sentiments and the Deputy Chairman thanked the Committee for their kind words. 

MOTION – That under Section 100A of the Local Government Act 1972, the public be excluded from the meeting for the following items, on the grounds that they involve the likely disclosure of Exempt Information, as defined in Part 1, of Schedule 12A of the Local Government Act.

RESOLVED – That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

To approve the non-public minutes of the last meeting held on 11 Janaury 2021.

The draft non-public minutes of the Finance & Risk Committee meeting held on 11 January 2021 were approved as a correct record.

Report of the Chief Operating and Financial Officer.

The Committee considered a report of the Chief Operating and Financial Officer providing Members with an update on the current situation for the Centre as a result of the Covid-19 pandemic.

Report of the Chief Operating & Financial Officer.

The Committee received a report of the Chief Operating & Financial Officer setting out the current financial position of the Barbican Centre, together with its approach in managing the 21/22 budget during a period of unprecedented volatility as a consequence of the pandemic. The Barbican’s long-term business plan was presented to the Board on 18 November and the immediate next steps being undertaken to deliver the plan was also provided.

To be read in conjunction with the report at Item _.

The Committee received the non-public Projects Update appendix to be read in conjunction with item 4.

Report of the Chief Operating & Financial Officer.

The Committee considered a report of the Chief Operating & Financial Officer setting out the Business Review for the January 2021 (Period 10 – 20/21) accounts.

Report of the Interim Artistic Director.

The Committee received a report of the Interim Artistic Director updating Members on the Programming Controversial Risk Register and the identified potential risks that occur as a result of specific programmed events and activities, as well as outlining the mitigation processes in place for each.

Report of the Director of Operations and Buildings.

The Committee considered a report of the Director of Operations and Buildings updating Members on the risk management system in place at the Barbican, the significant risks that have been identified and measures for mitigation of these risks.

There were no questions.

There were no urgent items.