Notice of a public meeting of


Shareholder Committee



Councillors Widdowson (Chair) and D'Agorne



Monday, 22 November 2021






The George Hudson Board Room - 1st Floor, West Offices (F045)







1.          Declarations of Interest 



At this point in the meeting Members are asked to declare:

·        any personal interests not included on the Register of Interests

·        any prejudicial interests or

·        any disclosable pecuniary interests

which they may have in respect of business on this agenda.




2.          Minutes 

(Pages 3 - 8)


To approve and sign the minutes of the last meeting of the Committee held on 6 September 2021.





3.          Exclusion of Press and Public 




To consider excluding the public and press from the meeting during consideration of the following items:


(i)         Agenda Item 6, Make It York Finance Update:

•    Annex 2, Make It York forecast cashflow November 2021

•     Annex 3,  Make It York summary profit and loss to 30 September 2021 


(ii)          Agenda item 8, City of York Trading Ltd Update:

•      Annex A, CYT Performance Update November 2021





(iii) Agenda item 9, Veritau Limited Business Update:

·        Appendix, 1 – 2021/22 (quarter 2) Veritau Group management accounts

·        Appendix 2, – Veritau Limited balance sheet at 30/9/21

·        Appendix 3, – Variances against budget (quarter 2)


(iv)  Agenda Item 10, YPO and YPO Procurement Holdings Ltd Finance Update:

·                 Annex A, – YPO Financial Performance Review

·                 Annex B – YPO Procurement Holdings Ltd Business & Trading Report

·                 Annex C – Update on Ed-Tech

·                 Annex D – Schools update


On the grounds that these contain information relating to the financial or business affairs of any particular person (including the authority holding that information).  This information is classed as exempt under Paragraph 3 of Schedule 12A to Section 100A of the Local Government Act 1972, as amended by the Local Government (Access to information) (Variation) Order 2006.




4.           Public Participation

 At this point in the meeting members of the public who have registered to speak can do so. Members of the public may speak on agenda items or on matters within the remit of the committee.


Please note that our registration deadlines have changed to 2 working days before the meeting. The deadline for registering at this meeting is at 5.00pm on Thursday 18 November 2021.


 To register to speak please visit to fill out an online registration form. If you have any questions about the registration form or the meeting please contact the Democracy Officer for the meeting whose details can be found at the foot of the agenda.




Webcasting of Public Meetings


Please note that, subject to available resources, this public meeting will be webcast including any registered public speakers who have given their permission. The public meeting can be viewed on demand at


During coronavirus, we've made some changes to how we're running council meetings. See our coronavirus updates ( for more information on meetings and decisions.




5.          Yorwaste Update 

(Pages 9 - 12)


This report provides Members with a performance update for Yorwaste.





6.          Make It York Finance Update 

(Pages 13 - 24)


This report provides an update from Make It York (MIY) on the company’s financial performance since the report to this committee in September.  The report sets out mitigations that MIY is seeking from the council, in light of Covid, in order to ameliorate its financial position.





7.          Amendment to Articles of Association of Make it York Limited 

(Pages 25 - 66)


This report provides background and information on the proposed amendment to the Articles of Association of Make it York Limited to increase the authorised rate of remuneration for officers of or consultants to the company.





8.          City of York Trading Update 

(Pages 67 - 76)


To consider the City of York Trading Ltd’s performance update.





9.          Veritau Limited Business Update 

(Pages 77 - 92)


To receive an update on Veritau Group’s finance and performance to date in 2021/22.





10.      YPO and YPO Procurement Holdings Ltd Finance Update 

(Pages 93 - 120)


To consider a report from YPO outlining the latest financial performance





11.      Municipal Bonds Agency 

(Pages 121 - 124)


This paper presents an overview of the Municipal Bonds Agency.





12.      Work Plan 

(Pages 125 - 126)


To consider the Committee’s Work Plan for the remainder of the municipal year.





13.      Urgent Business 



Any other business which the Chair considers urgent under the Local Government Act 1972.




Democracy Officer:

Name: Louise Cook

Contact details:

·        Telephone – (01904) 551031

·        Email -






For more information about any of the following please contact the Democratic Services Officer responsible for servicing this meeting:


·        Registering to speak

·        Business of the meeting

·        Any special arrangements

·        Copies of reports and

·        For receiving reports in other formats

Contact details are set out above.