The Buckinghamshire Shareholder and Trust Committee is scheduled to meet on Wednesday 28 January 2026 to review financial accounts for two council-owned entities and discuss updates to the committee's terms of reference. The meeting will also cover the committee's forward plan and consider the exclusion of the public for certain agenda items.

Terms of Reference Update

A key item on the agenda is the review of the committee's Terms of Reference. Cabinet approved a revised version on 8 January 2026, which now includes the governance and operational oversight of Trusts where Buckinghamshire Council acts as the sole trustee. This expansion follows guidance from the Charity Commission. The committee will consider if any further changes are necessary to these terms, which now reflect the committee's broader responsibilities under the name Buckinghamshire Shareholder and Trust Committee. The report notes that It is considered good practice to undertake a periodic review of the committee's terms of reference to ensure it remains fit for purpose and reflects any legislative or operational changes made in the previous year. ¹

Financial Accounts Review

The committee is scheduled to review the financial accounts for two council-owned entities:

• Aylesbury Vale Estates Financial Accounts 2024/25: This item will involve a review of the financial performance of Aylesbury Vale Estates LLP for the year ending 31 March 2025. The report pack includes the LLP's financial statements, which detail its principal activity as property investment and development. The designated members of the LLP are Buckinghamshire Council and Akeman Partnership LLP.
• London Road Business Park Management Limited Financial Accounts 2024/25: The committee will also examine the financial statements for London Road Business Park Management Limited for the year ending 31 March 2025. The principal activity of this company is property management. The directors listed for this company are J C Reed and M Preston.

Forward Plan

The committee will also comment on and note the Buckinghamshire Shareholder Committee forward plan for 2025/26. This plan outlines upcoming topics for discussion, including six-monthly reviews of key performance indicators and risk registers for subsidiary companies, as well as annual reviews of director appointments and the committee's own terms of reference.

Exclusion of the Public

The agenda indicates that the committee will consider a resolution to exclude the public from certain parts of the meeting. This is proposed on the grounds that it involves the likely disclosure of exempt information as defined in the paragraph indicated in Part 1 of Schedule 12A of the Local Government Act, specifically relating to Information relating to the financial or business affairs of any particular person (including the authority holding that information). This suggests that discussions on confidential minutes, risk registers, and specific project plans for entities like Aylesbury Vale Estates, Consilio Property Limited, and Buckinghamshire Advantage will take place in private.