Agenda item

Report of the Managing Director of BHE and the Chamberlain

To be received in conjunction with the non-public appendix at Item 15.

The Board received a report of the Chamberlain providing Members with an update on the 2021/22 Central Contingencies uncommitted balances held by Bridge House Estates (BHE). The Chamberlain introduced the report and drew Members’ attention to the key points.

RESOLVED – That the BHE Board, in discharge of functions for the City Corporation as Trustee of Bridge House Estates (charity reg. no. 1035628) and solely in the charity’s best interests:

a)    Note the central contingency budgets currently held by BHE for 2021/22; and

b)    Note that £14,000 was approved from the central contingency provision at Item 8 for the Tower Bridge Project Coordinator role.