Decision Maker: Executive Shareholder and Trustee Committee

Outcome: Recommendations approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: March 27, 2025

Purpose: To consider and approve the: Final annual accounts; Performance reporting as against Business Plan; and Annual Business Plan for following year

Content: Decision: 1.        Noted the draft accounts for the Company’s financial year ending 30 March 2024 which are due to be filed by 30 March 2025 (a copy of which is attached as Appendix 1) and show that there has been no substantial change since the previous financial year); and 2.        Noted the progress made following the report on the Company in November 2024. Reason(s): 1.                 To enable the Council to fulfil its duties in respect of the shareholder function competently, robustly and transparently; 2.                 To enable the Council to fulfil its duties in respect of best value and continuous improvement in respect of its interests in GBCH, and to keep under review the objectives, strategies and plans, and performance of each company; and 3.        To fulfil the Council’s corporate governance duties in respect of GBCH. Other options considered and rejected by the Executive: None. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: Councillor Tom Hunt was a non-executive director of Guildford Borough Council Holdings.