2019/20 to 2023/24 Financial Statements and 2024/25 Financial Statement
Perth and Kinross Council · 26 August 2024
Back to Pitlochry Common Good Fund Committee — 26 August 2024 and its agenda
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PITLOCHRY COMMON GOOD FUND COMMITTEE 26 AUGUST 2024 2019/20 TO 2023/24 FINANCIAL STATEMENTS and 2024/25 FINANCIAL STATEMENT Report by Strategic Lead – Finance and Business Support (Report No. 24/226) 1. PURPOSE OF REPORT 1.1 This report provides the actual income and expenditure for the Pitlochry Common Good Fund for financial years 2019/20 to 2023/24; and the projected outturn for financial year 2024/25. 2. RECOMMENDATIONS The Committee is requested to: (i) Note the actual income and expenditure to the 31 March for the financial years 2019/20 to 2023/24 for the Pitlochry Common Good Fund, as set out in Appendix 1 to the report. (ii) Note the projected income and expenditure to the 31 March 2025 for the Pitlochry Common Good Fund, as set out in Appendix 2 to the report. 3. BACKGROUND / MAIN ISSUES 3.1 This report provides an update on the final outturn for financial years 2019/20 to 2023/24 for the Pitlochry Common Good Fund and the projected outturn for financial year 2024/25. 4. PROPOSALS Financial Statements 2019/20 to 2023/24 4.1 As detailed in Appendix 1, a cumulative surplus of £2,295 was generated over the five financial years and the Fund balance at 31 March 2024 was £9,657. 4.2 The previously reported position to the Committee on 18 December 2019 (Report 19/355 refers) anticipated a surplus of £7,382 for 2019/20. Following the closure of the accounts, the final position in 2019/20 resulted in an overall balance of £7,393. The movement from the previously reported position was due to interest income from other endowments administered by the Council.
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4.3 The Committee did not meet between 2020/21 to 2023/24. During these four years a further £946 of interest and £1,318 of contributions was received by the Pitlochry Common Good Fund. This resulted in a Fund balance at 31 March 2024 of £9,657. Financial Statement 2024/25 4.4 As detailed in Appendix 2, there is a projected surplus of £800 for financial year 2024/25, and the estimated Fund balance at 31 March 2025 is £10,457. 4.5 There is one application for financial assistance to be considered at this meeting, and this has been included in the projected expenditure. Author(s) Name Designation Contact Details Fiona Lambie Accountant CHXFinance@pkc.gov.uk Approved Name Designation Date Scott Walker Chief Financial Officer 02.08.2024 Clare Mailer Director Strategy, People & Resources 02.08.2024
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ANNEX 1. IMPLICATIONS, ASSESSMENTS, CONSULTATION AND COMMUNICATION Strategic Implications Yes / None Community Plan / Single Outcome Agreement None Corporate Plan Yes Resource Implications Financial Yes Workforce None Asset Management (land, property, IST) None Assessments Equality Impact Assessment Yes Strategic Environmental Assessment Yes Sustainability (community, economic, environmental) Yes Legal and Governance None Risk None Consultation Internal Yes External None Communication Communications Plan None 1. Strategic Implications Corporate Plan 1.1 The Council’s Corporate Plan 2022 – 2027 lays out seven outcome focussed strategic objectives which provide clear strategic direction, inform decisions at a corporate and service level and shape resources allocation. They are as follows: Tackling poverty Tackling climate change and supporting sustainable places Growing a sustainable and inclusive local economy Enabling our children and young people to achieve their full potential Protecting and caring for our most vulnerable people Supporting and promoting physical and mental wellbeing Placing communities at the heart of how we work 1.1 This report relates to all objectives. 2. Resource Implications Financial 2.1 There are no direct financial implications arising from this report other than those reported within the body of the main report.
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3. Assessments Equality Impact Assessment 3.1 Under the Equality Act 2010, the Council is required to eliminate discrimination, advance equality of opportunity, and foster good relations between equality groups. Carrying out Equality Impact Assessments for plans and policies allows the Council to demonstrate that it is meeting these duties. 3.2 The information contained within this report has been considered under the Corporate Equalities Impact Assessment process (EqIA) and has been assessed as not relevant for the purposes of EqIA. Strategic Environmental Assessment 3.3 The Environmental Assessment (Scotland) Act 2005 places a duty on the Council to identify and assess the environmental consequences of its proposals. 3.4 The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report. Sustainability 3.5 Under the provisions of the Local Government in Scotland Act 2003 the Council has to discharge its duties in a way which contributes to the achievement of sustainable development. In terms of the Climate Change Act, the Council has a general duty to demonstrate its commitment to sustainability and the community, environmental and economic impacts of its actions. 3.6. The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report. 4. Consultation Internal 4.1 The Director Strategy, People and Resources has been consulted in the preparation of this report. 2. BACKGROUND PAPERS 2.1 No background papers, as defined by Section 50D of the Local Government (Scotland) Act 1973 (other than any containing confidential or exempt information) were relied on to any material extent in preparing the above report.
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3. APPENDICES Appendix 1 – Pitlochry Common Good Fund Financial Statement to 31 March 2024 for Financial Years 2019/20 to 2023/24 Appendix 2 – Pitlochry Common Good Fund Financial Statement for period to 30 June 2024 for Financial Year 2024/25.