Issue - meetings

To (1) note the expenditure in the 2012/13 Budget Monitor (Appendix 1); and (2) approve the 2013/14 Budget (Appendix 2)

The Board considered the report of the Assistant Management Accountant which gave details of the Recreation Ground 2012/13 budget monitoring position and the proposed 2013/14 budget.

The report drew attention to (1) significant work undertaken during 2012/13 carrying forward the Strategic Review which incurred additional costs of approximately £53,000 - a full outturn report would be reported to the next meeting; and (2) the proposed budget for 2013/14 which contained a provision of £26,400 to support the delivery of the Charity Commission’s Scheme for the Recreation Ground – it would be monitored to ensure that any additional demands were managed within the resources of the Trust; and (3) the proposed budget which showed a net surplus of £13,283.

The Chair commented on aspects of the budget. The Board approved the recommendations.

RESOLVED to

(1)  Note the expenditure to 31^st January 2013 on the 2012/13 budget monitor as shown in Appendix 1 to the report; and

(2)  Note the comments in Section 4 of the report in relation to the 2013/14 budget and approve the detailed budget as shown in Appendix 2 to the report.