Agenda and draft minutes

There were no apologies for absence.

Resolved –

That the Minutes of the meeting held on 1 October 2024, having been printed and circulated, be confirmed as read and signed by the Chair as a correct record.

All Members are invited to declare at this point any interests they have in items appearing on this agenda, including the nature of those interests.

There were no declarations of interest.

Members of the public may ask questions or make statements at this meeting if they have given notice to Elizabeth Jackson, Principal Democratic Services Officer, and supplied the text (contact details below) by midday on Thursday 16 January 2025, three working days before the day of the meeting.  Each speaker should limit themselves to 3 minutes on any item.  Members of the public who have given notice will be invited to speak:-

·        at this point in the meeting if their questions/statements relate to matters which are not otherwise on the Agenda (subject to an overall time limit of 30 minutes);

·        when the relevant Agenda item is being considered if they wish to speak on a matter which is on the Agenda for this meeting.

If you are exercising your right to speak at this meeting, but do not wish to be recorded, please inform the Chair who will instruct anyone who may be taking a recording to cease while you speak.

There were no public questions or statements.

Recommendation:  That the Shareholder Committee notes the update.

The report of the Assistant Director Commercial, Property and Procurement providing a Quarter 2 financial and performance update for 2024/25 for the companies that make up the Brierley Group for the financial year to 30 September 2024.

Kerry Metcalfe, Assistant Director Commercial, Property and Procurement introduced the report, providing an overview of performance and highlighting the Quarter 2 achievements and challenges for the individual companies.  She drew members’ attention to the continued strong performance across the group and the overall pre-tax profit of £4.45m for the year.  This represented a positive variance of £1.560m against budget for the year, and an improvement of £1.163m in comparison to the forecast reported at Quarter 1.  Align and Yorwaste in particular were doing well, with pre-tax profits of over £1m projected for each company for the year, and overall Shareholder Value of c£14m projected for the year.

Services previously delivered through Brimhams Active and Maple Park had now transferred back to NYC and would be managed within the General Fund therefore would be excluded from this report after this year.

In response to a question from Councillor George Jabbour the Assistant Director advised that increased Yorwaste profits resulted from both increased efficiencies and an increase in commercial income.

Members noted the report and thanked officers for the update.

Purpose of the Report: To consider and develop the Work Programme for the Shareholder Committee

Members considered and endorsed the work programme for the Committee for the remainder of 2024/25.