Draft Pre-audited Financial Statements – Wholly Owned Companies 2023/24 and Out-turn Update 2023/24
Decision Maker: Finance Sub-Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This report provides members with the
pre-audited overview of the Company Outturn for the financial year
2023/24. Members are being asked to note the financial performance
of the Companies.
Decisions:
The Sub-Committee considered a report which confirmed that the Council’s wholly owned companies would publish, on their websites, their pre-audit Summary Financial Statements for year ended 31 March 2024, alongside the Council’s 2023/24 Group Financial Statements.
RESOLVED (unanimously): That the Sub Committee
1 note the summarised position of the Wholly Owned Companies Financial Statements for year ended 31st March 2024 based on the presentation provided at this meeting and included in this report at Appendix 1.
2 note the dates in relation to the approval process for the Financial Statements.
3 note the overall financial performance of the Wholly Owned Companies in the 2023/24 financial year, as contained within the Appendix 1, as follows:
(a) ASDV Reserves increased by £0.173m, retained reserves are £2.016m.
(b) Wholly Owned Companies Net Core Contract Spending was £45.051m
Report author: Neil Taylor
Publication date: 03/07/2024
Date of decision: 25/06/2024
Decided at meeting: 25/06/2024 - Finance Sub-Committee
Effective from: 11/07/2024
Accompanying Documents:
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