20240517ResroucesCtteePaper2andAnnex12023-2024EstimatedOutturn

Cairngorms Nation­al Park Author­ity Ugh­dar­ras Pàirc Nàiseanta a’ Mhon­aidh Ruaidh Resources Com­mit­tee Paper 2 17 May 2024

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For dis­cus­sion Title: ²⁰²³⁄₂₄ Estim­ated out­turn Pre­pared by: Louise Allen, Head of Fin­ance and Cor­por­ate Operations

Pur­pose This paper presents an estim­ated out­turn pos­i­tion for the ²⁰²³⁄₂₄ fin­an­cial year.

Recom­mend­a­tions The Resources Com­mit­tee is asked to: a) Con­sider the estim­ated out­turn pos­i­tion for the ²⁰²³⁄₂₄ fin­an­cial year.

Over­view

1. The fin­ance team are clos­ing the accounts for the ²⁰²³⁄₂₄ fin­an­cial year. The pro­cess is pro­gress­ing well, in anti­cip­a­tion of the annu­al extern­al audit, which is sched­uled to take place at the end of May 2024. While the final pos­i­tion will not be estab­lished until the audit is com­plete (June 2024) the draft fig­ures are con­sidered a fair indic­a­tion of the fin­an­cial per­form­ance for the year.
2. The cur­rent estim­ated out­turn pos­i­tion for ²⁰²³⁄₂₄ is sum­mar­ised in the draft State­ment of Com­pre­hens­ive Net Expendit­ure (SoCNE) provided in the Annex.
3. Over­all, the pos­i­tion against total Scot­tish Gov­ern­ment grants (cap­it­al and resource com­bined) and income gen­er­ated by the Authority’s activ­it­ies is estim­ated at an over­spend of £12k against £11,974k fund­ing from Scot­tish Gov­ern­ment: an over­spend of 0.1% of funding.
4. The draft res­ult is with­in the tar­get KPI of final out­turn with­in +1% to ‑2% of total income and rep­res­ents a strong per­form­ance by the organisation.
5. Close mon­it­or­ing of peat­land res­tor­a­tion activ­it­ies across the year res­ul­ted in the team draw­ing down £900k less fund­ing than was avail­able to them. Nev­er­the­less, the tar­get for Ha of deliv­ery was met.

Cairngorms Nation­al Park Author­ity Ugh­dar­ras Pàirc Nàiseanta a’ Mhon­aidh Ruaidh Resources Com­mit­tee Paper 2 17 May 2024

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1. As noted at the out­set of this paper, these fig­ures may change as the fin­ance team final­ise the clos­ing pos­i­tion. Fur­ther updates will be brought to this Com­mit­tee and to the Audit and Risk Com­mit­tee with its respons­ib­il­ity for over­see­ing the extern­al audit of the final accounts.

Louise Allen Head of Fin­ance and Cor­por­ate Oper­a­tions Louiseallen@​cairngorms.​co.​uk

Cairngorms Nation­al Park Author­ity Ugh­dar­ras Pàirc Nàiseanta a’ Mhon­aidh Ruaidh Resources Com­mit­tee Paper 2 Annex 13 17 May 2024

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Annex 1 State­ment of Com­pre­hens­ive Net Expendit­ure (SoCNE) Year ended 31 March 2024

	YE £’000s
Oper­a­tion­al Plan income	(2,374)
Staff costs recovered	(26)
Oth­er income	(201)
Oth­er oper­at­ing income/​Total oper­at­ing income	(2,601)
Board mem­bers and staff costs	5,725
Core Oper­a­tion­al Plan expenditure	5,579
Pro­ject expenditure	1,901
Oper­a­tion­al plan expenditure
Oth­er oper­at­ing costs	929
Total oper­at­ing expenditure	14,134
Depre­ci­ation — CORE	333
Gain on disposal	0
	333
Total oper­at­ing expenditure
Fin­ance interest	34
Bank interest received	(93)
Com­pre­hens­ive net expendit­ure for year fun­ded by grant in aid	11,806
Grant-in-aid resource	(7,658)
Grant-in-aid cap­it­al	(4,136)
Grant-in-aid	(11,794)
Move­ment for year	12