Consideration was given to the agenda report which advised on the financial position of Strata at the end of 2020-21 including the Statement of Accounts at Appendix B. These Statutory Accounts evidenced the true financial position of the Company and were affected by items not included in the management accounts such as the pension fund deficit and depreciation. The Accounts were approved by the Board on 28 May 2021.
The company made savings of £1,051,425 through efficiencies and cost saving initiatives, this did not however impact on the overall quality of the Strata service provision.
RECOMMENDED - The report be noted.