Issue - meetings

Report by Director of Law and Governance and Monitoring Officer

It is the duty of registered charities to prepare annual accounts and submit an annual return. The Council is the Trustee of a registered charity and responsibility for compliance with statutory requirements rests ultimately with it.

The Committee is RECOMMENDED to

(a)             Approve the Statement of Financial Activities for the year to 31 March 2024 annexed to this report; and

(b)             Authorise a Council officer to submit data from the Statement to the Charity Commission online before midnight on 31 January 2025 so that annual financial reporting obligations are complied with.

The Committee considered the report on financial activities for the 2023/24 financial year.

Richard Hodby summarised the report.  There had been little activity in the period of the report.  The Trust received garage rental income and higher than expected interest. There had been no expenditure.  The County Council donated back the accountancy fees so makes no profit from the accountancy work.

The Chair put the recommendations to the Committee and they were agreed.

RESOLVED to

(a)                  Approve the Statement of Financial Activities for the year to 31 March 2024 annexed to this report; and

(b)                  Authorise a Council officer to submit data from the Statement to the Charity Commission online before midnight on 31 January 2025 so that annual financial reporting obligations are complied with.