The Buckinghamshire Shareholder and Trust Committee was scheduled to convene on Wednesday 28 January 2026 to review the financial performance of council-owned entities and discuss updates to the committee's terms of reference. The meeting's agenda included the examination of financial accounts for Aylesbury Vale Estates and London Road Business Park Management Limited, alongside a review of the committee's forward plan and terms of reference.

Review of Terms of Reference

The committee was scheduled to consider an update to its Terms of Reference, which had been revised by Cabinet on 8 January 2026 to incorporate the governance and operational oversight of Trusts for which Buckinghamshire Council acts as sole trustee. This expansion of the committee's remit, now known as the Buckinghamshire Shareholder and Trust Committee, follows guidance from the Charity Commission. The report indicated that no specific further changes were recommended at this time, but comments from committee members were invited. The revised terms of reference, as approved by Cabinet, were provided for the committee's review.

Financial Accounts for Council Entities

The meeting was scheduled to review the financial accounts for two council-owned entities:

Aylesbury Vale Estates Financial Accounts 2024/25

The committee was to examine the financial accounts for Aylesbury Vale Estates LLP for the year ended 31 March 2025. The principal activity of Aylesbury Vale Estates LLP and its group during this period was property investment and development. The provided financial statements detailed a turnover of £18,652,509 and a gross profit of £11,294,736 for the year. The consolidated statement of financial position showed total assets less current liabilities of £58,565,354 as at 31 March 2025. The report also included the independent auditor's report from Buzzacott Audit LLP, which stated that the financial statements gave a true and fair view of the state of affairs of the Group and the parent LLP.

London Road Business Park Management Limited Financial Accounts 2024/25

The committee was also scheduled to review the financial statements for London Road Business Park Management Limited for the year ended 31 March 2025. The principal activity of this company is property management. The income and expenditure account for the year showed an operating deficit of £175, with a surplus before taxation of £nil. The balance sheet indicated net current assets of £nil as at 31 March 2025. The company's directors, J C Reed and M Preston, were responsible for preparing these statements.

Forward Plan

The committee was to comment on and note the Buckinghamshire Shareholder Committee forward plan for 2025/26. This plan outlines upcoming topics for discussion, including six-month reviews of Key Performance Indicators and Risk Registers for each subsidiary, consideration of options for Consilio Property Limited, and the annual review of the committee's terms of reference.

Exclusion of the Public

The agenda indicated that the public would be excluded from certain parts of the meeting, specifically from agenda item 9 onwards. This exclusion was to be implemented on the grounds that it would likely involve the disclosure of exempt information relating to the financial or business affairs of any particular person, as defined in Part 1 of Schedule 12A of the Local Government Act. Confidential minutes of the previous meeting and discussions regarding Aylesbury Vale Estates' Risk Register and Key Performance Indicators, Consilio Property Limited's winding-up project plan, and Buckinghamshire Advantage's contract and risk register were listed under this exclusion.