Kensington and Chelsea Council's Leadership Team convened on Wednesday, March 25, 2026, to scrutinise the local authority's financial performance for the third quarter of the 2025/26 financial year. The Q3 Financial Monitoring Report, presented to the team, offered a comprehensive overview of income, expenditure, and identified variances from the budget. The report KD1012679R - Q3 2025-26 Monitoring Report details these specific variances, as well as any significant unexpected expenditures or income shortfalls encountered during the quarter. Furthermore, the team discussed the implications of these findings for the remainder of the financial year, with projected financial outcomes also outlined in the report.
The team also examined the performance of housing management services during the same period. A report detailing key performance indicators (KPIs) such as repairs, lettings, and resident satisfaction was discussed. The report KD1011361R - Q3 HM Performance outlines how these KPIs performed against their objectives. The Leadership Team reviewed this data to ensure services were meeting their intended goals and to pinpoint any specific areas requiring attention. The report also indicates any actions or strategies being considered to address identified underperformance in housing management services.
Further details on the council's financial position, including the reconciliation of the original budget to the revised budget, can be found in Appendix 4 Appendix 4 - Original Budget to Revised Budget Reconciliation. Information regarding the capital programme is available in Appendix 1 Appendix 1 - Capital Programme, while Appendix 2 Appendix 2 - General Fund Savings and Appendix 3 Appendix 3 - General Fund Reserve Commitments cover general fund savings and reserve commitments, respectively.
Other reports discussed included the KD1013551 St Marks Day Centre Relocation, which features architectural drawings of a proposed day centre design. Additionally, the team reviewed information on KD1013640R - Repairs to Albert Bridge, including diagrams and photographs illustrating structural components. The council also considered the KD2000015R Resident Survey 2025, along with its associated action plan Appendix 2 Residents Survey 2025 Action Plan and key insights Appendix 1 Residents Survey 2025 Key Insights.
