Agenda and minutes

Members are requested to declare the existence and nature of any disclosable pecuniary interest and/or other interest in any item on the agenda.

Further information can be found at: Member Code of Conduct of Broxtowe Borough Council

There were no declarations of interest.

The Committee is asked to confirm as a correct record the minutes of the meeting held on Monday, 16 March 2026.

The minutes of the meeting held on 16 March 2026 were confirmed and signed as a correct record.

For the Advisory Shareholder Sub Committee to note the Liberty Leisure Limited Business Plan Progress Report for Quarter 4 (Q4) 2025/26.

Members noted the Liberty Leisure Limited business plan progress report for Quarter 4 2025/26. The Business Plan was reviewed annually and approved by the liberty Leisure Limited Board. The Business Plans were linked to the Council’s Corporate priority of Health and detailed the projects and activities undertaken in support of the Corporate Plan.

To update the Advisory Shareholder Sub Committee of the end of year performance of Liberty Leisure.

Members noted the Liberty Leisure Limited accounts for the financial year 2025/26. The annual operating budget for Liberty leisure Limited was derived from the Company’s annually updated Business Plan. The Council oversees the day-to-day transactions and bookkeeping of the Company.

To update the Advisory Shareholder Sub Committee of the performance of Liberty Leisure Limited in Quarter 4 (Q4) 2025/26.

The Committee noted the Liberty Leisure Limited Business Plan Progress Report for Quarter 4 2025/26. The Liberty Leisure Limited Business Plan is reviewed annually. The Business Plan 2024/27 was approved by the Liberty Leisure Limited Board in January 2025. The 2025/26 year was a successful one for Liberty Leisure Limited, with income higher and expenditure lower than budget. The LLL budget position after Q4 showed an improvement of £91,691k on the original budget for 2025/26 with the forecast outturn revised to an overall surplus of £33,860.

The Advisory Shareholder Sub-Committee is asked to approve its Work Programme and to consider items for consideration at future meetings.

The Committee considered the Work Programme.

RESOLVED that the Work Programme be approved.