202526FSTFinalFinanceReport31stOctober2025

Committee report · Charity Committee · Mon 15 Dec 2025 · Hastings Borough Council · agenda item 4

What it recommends

In the report's own words. A recommendation is a proposal: the meeting can agree, change or reject it.

“To agree the current financial position for 2025/26.”

What the meeting decided

The minutes record: Agreed. “RESOLVED (unanimously): 1. To agree the current financial position for 2025/26 2. To agree the reserves policy at Appendix 3, to be reviewed in six months. Reasons: The Council has the responsibility for the proper management of the financial affairs of the Trust. In doing so it complies with Accounting Codes of Practice and the high standards required for the accounting of public money. The summary monitoring report shows an overall forecast deficit of £110,337 for the 2025/26 financial year.” minutes ↗

In plain English

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

Recommended · This went to the meeting on Mon 15 Dec 2025. What was decided is in that meeting's minutes.

Officers recommend that the Committee agree the current financial position for 2025/26. p5

The report forecasts an overall deficit of £110,337 for 2025/26, which includes projected grant payments of £273,132 and depreciation of £87,914. p7

Without these two deductions, the forecast would show a surplus of £250,709. p7

The Trust's estimated cash at bank was £1,990,985 as at 31 October 2025. p19

1 further sentence of this summary was held back by verification and is not shown. We only publish claims that survived checking against the cited passages.

Show the 3 passages this is based on

p5Recommendation 1. To agree the current financial position for 2025/26.
p7The summary monitoring report shows an overall forecast deficit of £110,337 for the 2025/26 financial year. This deficit includes the payment of projected grants totalling £273,132 and depreciation of £87,914. Without these two deductions the forecast would show a surplus of £250,709.
p1912. Appendix 2 sets out the Trust’s estimated balance sheet position as at 31st October 2025, showing cash at bank of £1,990,985 and continued year-on-year growth in net assets.

Places and organisations it names

Hastings Borough Council

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