2025-26 and 2026-27 Financial Statements
Perth and Kinross Council · 7 September 2026
Back to Perth Common Good Fund Committee — 7 September 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: 7 September 2026 Report Title: 2025/26 and 2026/27 Financial Statements Report Number: 26/238 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 the unaudited actual income and expenditure to 31 March 2026, and the projected outturn for 2026/27. 1.2 Sections 1. Purpose 2. Recommendations 3. Background/Context 4. Main Issues 5. Conclusion 6. Impact Value Assessment 7. Appendices 2. Recommendations It is recommended that the Committee: 2.1 Note the unaudited actual income and expenditure to 31 March 2026 for the Perth Common Good Fund, as set out in Appendix 1. 2.2 Note the projected outturn to 30 June 2026 for 2026/27, as set out in Appendix 2. 3. Background/Context 3.1 This report provides an update on the unaudited actual income and expenditure for 2025/26, as detailed in Appendix 1, and the projected outturn for 2026/27, as detailed in Appendix 2.
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4. Main Issues Financial Statement 2025/26 4.1 As detailed in Appendix 1, following the update to Committee on 4 May 2026 (Report 26/120 refers) the unaudited final surplus has increased to £6,361 – a movement of £18,498 from the position reported in May 2026, mainly due to a reduction in expected financial assistance and a reduction in Christmas Lighting storage costs of approximately £7,000 and almost £10,000, respectively. The final unaudited Fund balance as at 31 March 2026 is £2,172,476 – a positive movement of £18,498 since the previous report. Financial Statement 2026/27 4.2 As detailed in Appendix 2, it is anticipated that a surplus of £25,289 will be generated in 2026/27 and the Fund’s Revenue Account Balance is estimated to be £2,197,765 as at 31 March 2027. 4.3 At the previous committee meeting on 4 May 2026 (Report 26/120 refers) funding of £17,500 was approved for the Perth and Kinross Mela Festival Association. This funding is no longer required due to the cancellation of the event, and has therefore been removed from the projected outturn for 2026/27. 4.4 Since the previous committee meeting the projected surplus has increased by £22,500. This is mainly due to the Mela Festival cancellation and an increase in the expected interest income of £5,000 due to rising interest rates. 5 Conclusion 5.1 As detailed in Appendix 1, the unaudited surplus for the Fund for 2025/26 is £6,361 and the unaudited Fund balance at 31 March 2026 is £2,172,476. 5.2 As detailed in Appendix 2, the projected surplus for the Fund for 2026/27 is £25,289 and the anticipated Fund balance at 31 March 2027 is £2,197,765. 6. Impact 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. 7.2 Appendix 2 – Perth Common Good Fund - Financial Statement for 2026/27.
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