2025-26 and 2026-27 Financial Statements
Perth and Kinross Council · 4 May 2026
Back to Perth Common Good Fund Committee — 4 May 2026 and its agenda
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Our vision is a Perth and Kinross where everyone can live life well, free from poverty and inequality ___________________________________________________________________ Committee: Perth Common Good Fund Committee Date of Meeting: 4 May 2026 Report Title: 2025/26 and 2026/27 Financial Statements Report Number: 26/120 Report Author: Alison O’Brien, Corporate Accounting Manager Organisational Lead: Scott Walker, Chief Finance Officer ___________________________________________________________________ 1. Purpose 1.1 The purpose of this report is to provide details of actual income and expenditure to 31 March 2026, and the projected outturns for 2025/26 and 2026/27. 1.2 Sections 1. Purpose 2. Recommendation 3. Background/Context 4. Main Issues 5. Conclusion 6. Impact Value Assessment 7. Appendices 2. Recommendation It is recommended that the Committee: 2.1 Note the actual and projected income and expenditure to 31 March 2026 for the Perth Common Good Fund for 2025/26, as set out in Appendix 1. 2.2 Note the proposed adjustment to the 2026/27 Budget as set out in Appendix 2. 2.3 Note the projected outturn for 2026/27, as set out in Appendix 2.
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3. Background/Context 3.1 The budget for 2025/26 was approved by the Committee on 3 February 2025 (Report 25/21 refers). Monitoring updates have been provided to the Committee throughout 2025/26 (Reports 25/107, 25/199, 25/270, and 26/30 refer). 3.2 The budget for 2026/27, which was approved by the Committee on 2 February 2026 (Report 26/30 refers), is based on activity in 2025/26 and adjusted for anticipated costs and availability of resources in the new financial year. 3.3 This report provides the monitoring position and projected outturn for 2025/26, as detailed in Appendix 1, and the projected outturn for 2026/27, as detailed in Appendix 2. 4. Main Issues Financial Statement 2025/26 4.1 As detailed in Appendix 1, the projected deficit for the Fund for 2025/26 is £12,137 and the anticipated Fund balance at 31 March 2026 is £2,153,978. 4.2 The year-end outturn for the Fund has been updated from the previously reported position, as noted in Section 4.3 of this report. It is anticipated that there will be further adjustments during the closure of the accounts for 2025/26, and the unaudited income and expenditure for the Fund will be reported to a future meeting of the Committee. 4.3 Following the update to Committee on 2 February 2026 (Report 26/30 refers), the deficit for the year has reduced by £23,729. This is largely due to the underspend on Repairs and Maintenance. Financial Statement 2026/27 4.4 Appendix 2 provides the 2026/27 Financial Statement which includes the Budget approved by Committee on 2 February 2026 (Report 26/30 refers). 4.5 At the meeting of 2 February 2026, the Committee also approved removing the Cost of Living budget in 2026/27 and increasing the Small Grants budget to £80,000 and the Capital Grants budget to £60,000. 4.6 The Committee also approved the carry forward to 2026/27 of any underspend of the Repairs and Maintenance – Moncrieffe Island budget for any delayed works, however all costs have now been included in 2025/26 and the carry forward is no longer required. 4.7 Appendix 2 includes a proposed adjustment to the repairs and maintenance general budget for 2026/27 of £10,000 which was not utilised in 2025/26. The Perth Common Good fund has one-off expenditure to be incurred in respect of
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Christmas Lights maintenance. The projected costs are £17,611 and has been included in the projected outturn and will be met from the revised £15,000 budget. There will be an overspend of £2,611 in respect of this. 4.8 The projected surplus for 2026/27 is, therefore, £2,789 and the projected Fund balance at 31 March 2027 is £2,156,767. 5 Conclusion 5.1 As detailed in Appendix 1, the projected deficit for the Fund for 2025/26 is £12,137 and the anticipated Fund balance at 31 March 2026 is £2,153,978. 5.2 As detailed in Appendix 2, the projected surplus for the Fund for 2026/27 is £2,789 and the anticipated Fund balance at 31 March 2027 is £2,156,767. 6. Impact and Value Assessment 6.1 This is an operational report, and as such, an impact and value assessment is not required. 7. Appendix 7.1 Appendix 1 – Perth Common Good Fund – Financial Statement for the period to 31 March 2026 for 2025/26. 7.2 Appendix 2 – Perth Common Good Fund - Financial Statement for 2026/27.