Appendix 2 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

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The Foreshore Trust's Balance Sheet shows cash at bank and in hand of £2,250,854 and net assets of £3,421,731 as at 31 July 2026 (draft), up from net assets of £3,148,808 at 31 March 2026. p2 p3

The Balance Sheet does not include management recharge expenses from Hastings Borough Council, which are processed at the end of the financial year. p5

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p2Balance Sheet Year Ended Year Ended As at 31/03/2025 31/03/2026 31/07/2026 Audited Draft Draft Fixed Assets Tangible Assets 865,478 993,903 964,598 Current assets Debtors 201,270 0 235,891 Cash at bank and in hand 1,944,304 2,223,320 2,250,854 2,145,574 2,223,320 2,486,744 Creditors: Amounts falling due within one year Other creditors 0 (54,978) 0 Loans from Hastings Borough Council (32,280) 0 0 Accruals (18,677) (13,437) (29,612) (50,957) (68,415) (29,612)
p3Net Current Assets 2,094,617 2,154,905 2,457,133 Total assets Less current liabilities 2,960,095 3,148,808 3,421,731 Creditors: Amounts Falling due after more than one year Loans from Hastings Borough Council 0 0 0 Net Assets 2,960,095 3,148,808 3,421,731 Funds for Charity:
p5- The Balance Sheet presented above does not incorporate the management recharge expenses Hastings Borough Council, which are processed at the financial year end.

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