Report of the BHE & Charities Finance Director
Minutes:
The Board received a report of the BHE & Charities Finance Director providing an update on the Bridge House Estates (BHE) Central Contingency balances held for 2022/23 and providing detail of new requests being made against these balances.
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:
i) Note the BHE Contingency budgets currently held for 2022/23 (para 4); and,
ii) Note that a total of £162,000 has been approved under delegated authority for the following three items:
1. £47,000 for the IT Managed Service transition project, enabling IT services to be moved back in-house.
2. £43,000 additional amount for the proposed pay review for staff across BHE.
3. £72,000 relating to the finalised TOM proposal for the BHE and Charities Finance Team.
Supporting documents: