Agenda

Tawd Valley Developments Shareholders Committee - Wednesday, 27th April, 2022 5.30 pm

Venue: Council Chamber, 52 Derby Street, Ormskirk L39 2DF. View directions

Contact: Jill Ryan 

Items
No. Item

1.

APOLOGIES

2.

MEMBERSHIP OF THE COMMITTEE

To be apprised of any changes to the membership of the Committee in accordance with Council Procedure Rule 4.

3.

URGENT BUSINESS

Note, no other business is permitted unless, by reason of special circumstances, which shall be specified at the meeting, the Chairman is of the opinion that the item(s) should be considered as a matter of urgency.

4.

DECLARATIONS OF INTEREST pdf icon PDF 299 KB

If a Member requires advice on Declarations of Interest, he/she is advised to contact the Legal and Democratic Services Manager in advance of the meeting.   (For the assistance of members a checklist for use in considering their position on any particular item is included at the end of this agenda sheet).

5.

MINUTES OF THE PREVIOUS MEETING pdf icon PDF 303 KB

To receive as a correct record, the minutes of the meeting held on the 28 March 2022.

6.

TERMS OF REFERENCE

Functions

 

1. To facilitate a cross party Committee to allow meaningful and productive discussions to take place in relation to the future direction of TVDL.

 

2. To evaluate the effectiveness of the TVDL board and the delivery of performance against strategic objectives and the business plan.

 

3. To assess any risks to the council offered by TVDL activities.

 

Delegations

 

1. Agreed comments to be referred to full Council and TVDL for consideration.

7.

WORK PROGRAMME / DATES OF FUTURE MEETINGS pdf icon PDF 85 KB

8.

EXCLUSION OF PRESS AND PUBLIC

It is recommended that members of the press and public be excluded from the meeting during consideration of the following items of business in accordance with Section 100A(4) of the Local Government Act 1972 on the grounds that they involve the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A to the Act and as, in all the circumstances of the case the public interest in maintaining the exemption under Schedule 12A outweighs the public interest in disclosing the information.

9.

TVD FINANCIAL INFORMATION

To consider the following financial information:

 

o   Shareholders Position tab – this provides an indicative projected forecast of both the P&L and the shareholder funds position for the existing approved schemes and those 5 schemes in progress

[please note there are many variables that impact this final financial position and the firming of figures is dependent on any sites that are taken forward]

o   Debtors, creditors and WIP listings are as at last week

o   TVD Forecast 21/22 P&L and Balance Sheet that were attached to agenda item 08 TVD Business Plan – Current Forecast

o   12 month projected cashflow forecast

o   actual cashflow of previous 12 months 

o   accounting policy for stock/WIP