Agenda item

Report of the BHE & Charities Finance Director

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 £179,000 has been approved under delegated authority: £79,000 additional amount for the approved pay review for staff across BHE, and £100,000 to support the development and implementation of the new CRM database for BHE.