Agenda item

Report of the BHE & Charities Finance Director, representing the Chamberlain

To be considered in conjunction with the non-public appendix at Item 21.

The Board received a report of the BHE & Charities Finance Director providing the Board with an update on the 2021/22 Central Contingencies uncommitted balances held by Bridge House Estates (BHE).

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 (para 4); and

b)    Note that £150k is being requested from the central contingency provision at Item 10 on the agenda for surveys of the investment property portfolio to assess the works required to contribute to achieving the charity’s Climate Action Strategy (CAS) net zero carbon emissions target (para 5).