Auditor's Financial Assurance Letter for Cardiff Heat Network Ltd - Approval of 2024/25 Accounts
January 30, 2026 Director of Planning, Transport & Environment (Officer) Key decision Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to approve the signing of a financial assurance letter confirming Cardiff Council's position as ultimate financial guarantor for Cardiff Heat Network Ltd, supporting the approval of their 2024/25 accounts up to a maximum of £1 million for 36 months.
Full council record
Decision
AGREED: thatthe signing of the financial assurance letter (Appendix 1) requested by the external auditors of Cardiff Heat Network Ltd (‘CHN’) be approved, confirming the Council’s position as ultimate financial guarantor for the company in relation to the approval of CHN’s accounts for the 2024/25 financial year. This support to CHN will cover a period of 36 months from the financial period ended 31 March 2025, up to a maximum of £1 million.
Reasons for the decision
To provide the necessary assurance to auditors that will enable completion of CHN’s annual audit for the 2024/25 financial year.
Details
| Outcome | For Determination |
| Decision date | 30 Jan 2026 |
| Subject to call-in | Yes |