The Charter Trustees for Scarborough

20 March 2025

Finance Report

Report of the Responsible Finance Officer

1.0       PURPOSE OF REPORT

1.1       To inform the Charter Trustees of the full year budget position to the end of March 2025 for the financial year 2024-25

2.0       SUMMARY

2.1       The Charter Trustees are asked to note the expenditure incurred to the end of March 2025.

3.0       BACKGROUND

3.1       This is the second year of the Scarborough Charter Trustees. The budget and precept were set at the meeting of the Charter trustees on 15 December 2023. A breakdown of the budget is set out at Appendix 1.

3.2       The total budget set for the year is £22,900.

3.3       This report presents expenditure incurred to the end of March 2025.

4.0       EXPENDITURE AGAINST BUDGET

4.1       As at the end of March a total of £22,900 has been expended – in summary:

Summary	Budget £	Spend to March 2025 £	Comments
Events	£1,700	£951	PA System Flag raising, AFD Refreshment charge, Community Tea 2024, PA System Memorial Service
Allowances	£1,200	£1,200	Charter Mayor & Deputy
Officer Support	£18,600	£18,600	Incl. Principal Democratic Services Officer and Leadership Support Officer, Finance, ICT, Comms
Other /General	£1,400	£986	Insurance, printing, External Auditors, Regalia, Mayor Profile picture, Mayor making and Chamber pictures
Income		£(50)	Civic engagement
Carried forward		£1,213	Total amount held in reserve at NYC £1,626 (£413 from 2023/24)
Total	£22,900	£22,900

4.2       There are no matters to raise on this expenditure.

5.0       ALTERNATIVE OPTIONS CONSIDERED

5.1       N/A

6.0       FINANCIAL IMPLICATIONS

6.1       As set out above.

7.0       LEGAL IMPLICATIONS

7.1       There are no legal implications.

8.0       EQUALITIES IMPLICATIONS

8.1       There are no equalities implications.

9.0       CLIMATE CHANGE IMPLICATIONS

9.1       There are no climate change implications.

10.0     REASONS FOR RECOMMENDATIONS

10.1     To inform the Charter Trustees of the in-year budget position to the end of March 2025

11.0	RECOMMENDATION
	i) That the Charter Trustees note the expenditure incurred to the end of March 2025.

            APPENDICES:

Appendix 1 – Annual Budget 2024-25

BACKGROUND DOCUMENTS:

None.

Karen Iveson (RFO)

Assistant Director Resources

County Hall

Northallerton

11 March 2025

Report Author – Karen Iveson