Agenda item

Report of the Managing Director of BHE and the Chamberlain

The Board considered a report of the Managing Director of BHE and the Chamberlain providing the Board with an update on the 2021/22 Central Contingencies uncommitted balances held by BHE. The Chamberlain introduced the report and drew Members’ attention to the updated uncommitted balances available for 2021/22, as well as the total commitments to be considered for approval later on the Agenda.

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 an amount between £138,000 – £230,000 is being requested from the central contingency provision at Item 16 on the Agenda for a feasibility report relating to the charity’s bridges.