Draft quarter 4 financial monitoring report 2025 to 2026

Purpose and recommendations

This report is to provide an update to the Board on the following areas:

Overall financial position

This is the quarter four financial report for 2025/26. Actual financial results for the year 1 April 2025 to 31 March 2026 show SEPA reporting a £41k underspend.
Capital budget

The capital summary for the period ending 31 March 2026 is provided in section 4 of this report.
Final accounts work is ongoing, and these figures should be considered draft as they may be subject to change following final year-end adjustments and/or external audit adjustments.

The Board is asked to note:

SEPA’s financial performance for the period ending 31 March 2026.
That the results reported are draft results as they may be subject to year-end adjustments and external audit.

Authors: Ian Bryce, Deputy Head of Finance; Rosaleen Burke, Head of Finance.

Corporate Leadership Team Sponsor: Angela Milloy, Chief Officer Finance, Modernisation and Digital.

Date: 17 June 2026