Agenda item

Report of the Managing Director of BHE and the Chamberlain

The Committee considered a report of the Managing Director of BHE and the Chamberlain presenting for approval the CBT budget for 2022/23 and providing an update on the year-to-date financial position of CBT. The Managing Director of BHE introduced the report and outlined the wider financial position of CBT for the Committee. In response to a question from a Member, the Chamberlain advised that where there was a discrepancy between figures this was due to the inclusion of staff costs. The Managing Director of BHE also advised the Committee on the strategy for managing the CBT budget going forward, which would be planned in conjunction with the Chamberlain and regular decisions by Members.

The Chair then thanked officers for the detailed budget and work undertaken in this area.

RESOLVED – That the Grants Committee of the BHE Board:

i)              Review and recommend CBT’s proposed revenue budget for 2022/23 for inclusion in the charity’s overall Budget to be presented to the BHE Board;

ii)             Agree that minor amendments for 2022/23 budgets arising during budget setting be delegated to the Head of Charity and Social Investment Finance; and

iii)           Note the aspects of the report providing information on the updated financial position for 2021/22.