Appendix 1 to “FST Finance Report to Period 4 with exec summary 2026”

Committee report · Charity Committee · Mon 21 Sep 2026 · Hastings Borough Council · agenda item 5 · the whole meeting

In plain English

Each sentence was checked against the passage it cites; how the checking works.

Noted · Received for information; no decision followed.

Capital expenditure and items funded from the Foreshore Trust's reserves include items decided outside the annual budget, such as the Foreshore Trust manager's salary and an initial spend on capital works required for one of the Trust's assets. p7

Because management recharges from Hastings Borough Council to the Trust are calculated and applied at the end of the financial year, the monitoring report gives the impression of a strong surplus early in the year followed by a significant deficit towards the end of the year. p8

Show the 2 passages this is based on

p7- Capital expenditure/items funded from reserves includes items agreed outside of the annual budget such as the FST manager's salary and an initial spend related to capital works required for one of the Trust's assets.
p8- Management recharges from Hastings Borough Council to the Trust are calculated and applied at the end of the financial year. As these costs are accounted for in the final month, the monitoring report gives the impression of a strong surplus in the early part of the year, followed by a significant deficit towards the end of the year.

Places and organisations it names

Hastings Borough Council

Other papers for this meeting

Charity Committee agenda · Committee agenda
Appendix 2 to “FST Finance Report to Period 4 with exec summary 2026” · Committee report
Appendix 3 to “FST Finance Report to Period 4 with exec summary 2026” · Committee report
Appointment Of Grant Advisory Panel Members Sept 2026 · Committee report
CUG Meeting Minutes · Committee report
FST Finance Report to Period 4 with exec summary 2026 · Committee report
FST SAE R11 GAP Report 02 09 26 With Appendix A All applications · Committee report
FST SAE R11 GAP Report 14 09 26 Appendix A Reccommended · Committee report
FST SAE R11 Supporting Report 14 09 26 · Committee report
GE RULE 26.20 NOTICE- Appointments to GAP · Committee report
Minutes Public Pack, 22/06/2026 Charity Committee · Committee report

The council's document is the record; this page collects what Open Hastings knows about it. If something here is wrong, it is corrected in place and logged on the about page.