Appendix1

Noted · Received for information; no decision followed.

This document is the Financial Monitoring Report 2025/26 for the Hastings and St Leonards Foreshore Charitable Trust. p1p2

Income covers car parking, foreshore management, public conveniences, charitable activities and investment income. p3

Expenditure covers car parking, foreshore management, public conveniences, events grants and governance costs. p4p6

The report notes that the useable funds brought forward at 1 April 2025 are draft figures, to be updated once the 2025 accounts are audited. p7

It also notes that the Playground renewal project's funding from reserves was discussed at a Charity Committee meeting in September 2023, and that this cost is included in the Balance Sheet's Tangible Assets. p8

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.

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• p1Hastings and St Leonards Foreshore Charitable Trust Appendix 1 (Registration number: 1105649)
• p2Financial Monitoring Report 2025/26 April - October 2025 November - March 2026 Year Ended 31 March 2026 Year Ended Year Ended Cumulative - 7 months Forecast - 5 months Forecast - 12 months 31/03/2025 31/03/2024 Budget Actual Variance Budget Forecast Variance Budget Forecast Variance Draft Audited £ £ £ £ £ £ £ £ £ £ £ Income and Endowments from:
• p3Recovery of costs incurred 0 0 0 0 0 0 0 0 0 5,466 9,924 Rock-a-Nore Car Park 462,174 489,154 26,980 146,135 145,187 (948) 608,309 634,341 26,032 619,608 561,875 Pelham Car Park 564,342 600,446 36,104 213,083 221,585 8,503 777,424 822,031 44,607 775,723 716,327 Penalty Charge Notices 29,903 34,081 4,178 17,549 13,429 (4,120) 47,452 47,510 58 49,682 44,729 Season Tickets 47,575 46,503 (1,072) 31,812 34,271 2,459 79,387 80,774 1,387 87,722 68,411 Car parking - Total 1,103,993 1,170,184 66,190 408,578 414,472 5,894 1,512,571 1,584,656 72,085 1,538,202 1,401,265 Foreshore management 143,606 203,931 60,324 102,576 58,725 (43,851) 246,182 262,656 16,473 246,788 246,918 Public conveniences 0 784 784 0 0 0 0 784 784 679 778 Charitable activities 1,247,600 1,374,898 127,298 511,154 473,197 (37,957) 1,758,754 1,848,096 89,342 1,785,669 1,648,961 Investment income 49,949 46,682 (3,268) 34,295 32,032 (2,264) 84,245 78,714 (5,531) 90,665 87,834 Total Income 1,297,549 1,421,580 124,031 545,450 505,229 (40,220) 1,842,999 1,926,809 83,811 1,876,334 1,736,795 Expenditure on:
• p4Charitable activities Car parking Car parking expenditure 32,375 65,705 (33,330) 323,125 428,872 (105,747) 355,500 494,577 (139,077) 502,233 498,701 *Depreciation 4,647 4,647 0 3,319 3,319 0 7,966 7,966 0 7,966 7,966 Total Car parking 37,022 70,352 (33,330) 326,444 432,191 (105,747) 363,466 502,543 (139,077) 510,199 506,667 Foreshore management Foreshore management expenses 127,089 97,268 29,820 192,778 213,096 (20,318) 319,866 310,364 9,502 286,527 271,850 Loan interest 0 0 0 402 402 (0) 402 402 0 887 1,324 Depreciation 38,223 46,636 (8,413) 27,302 33,312 (6,010) 65,525 79,948 (14,423) 65,525 65,525 Other direct costs 67,810 75,270 (7,460) 48,435 22,321 26,114 116,245 97,591 18,654 118,559 86,469 Maintenance projects and repairs 129,564 98,377 31,187 92,546 123,733 (31,187) 222,110 222,110 0 83,775 105,095 Insurance 41,357 44,869 (3,512) 0 0 0 41,357 44,869 (3,512) 44,980 28,335 Wages 103,185 87,124 16,061 100,379 106,936 (6,557) 203,564 194,060 9,504 67,153 41,271 Total Foreshore management 507,227 449,544 57,683 461,842 499,800 (37,958) 969,069 949,344 19,725 667,407 599,870 Street cleansing 7,147 1,591 5,556 5,105 11,078 (5,973) 12,252 12,669 (417) 11,945 14,474 Public conveniences Direct premises costs incl. cleaning 82,300 99,358 (17,059) 58,785 70,751 (11,966) 141,085 170,110 (29,025) 138,802 129,945 Other recharges 11,735 11,090 645 8,382 8,938 (556) 20,117 20,028 89 30,449 49,260 Total Public conveniences 94,035 110,448 (16,414) 67,168 79,690 (12,522) 161,202 190,138 (28,936) 169,252 179,205
• p6Financial Monitoring Report 2025/26 April - October 2025 November - March 2026 Year Ended 31 March 2026 Year Ended Year Ended Cumulative - 7 months Forecast - 5 months Forecast - 12 months 31/03/2025 31/03/2024 Budget Actual Variance Budget Forecast Variance Budget Forecast Variance Draft Audited £ £ £ £ £ £ £ £ £ £ £ Events grants Small grants 52,500 43,222 9,278 37,500 48,910 (11,410) 90,000 92,132 (2,132) 72,729 21,016 Large grants 0 0 0 181,000 181,000 0 181,000 181,000 0 101,234 168,876 Total Events grants 52,500 43,222 9,278 218,500 229,910 (11,410) 271,000 273,132 (2,132) 173,963 189,892 Charitable activities - total 697,931 675,157 22,774 1,079,059 1,252,669 (173,610) 1,776,989 1,927,826 (150,836) 1,532,766 1,490,107 Governance costs 63,565 60,137 3,428 45,403 49,184 (3,780) 108,968 109,321 (353) 94,215 99,795 Total Expenditure 761,495 735,294 26,201 1,124,462 1,301,853 (177,391) 1,885,957 2,037,147 (151,189) 1,626,981 1,589,902 Surplus / (deficit) in funds 536,054 686,286 150,232 (579,012) (796,623) (217,611) (42,959) (110,337) (67,379) 249,353 146,893 Add: useable reserves b/fwd 2,094,618 2,094,618 0 2,094,618 2,094,618 0 1,771,775 1,551,391 Less: capital expenditure (250,000) (216,339) 33,661 *Add back depreciation 42,870 51,283 8,413 73,491 87,914 (14,423) 73,491 73,491 Useable reserves at end of period 2,423,541 2,615,848 (192,307) 2,125,150 2,072,195 (52,956) 2,094,618 1,771,775 *Depreciation is included within the expenditure above. This is therefore added back in calculating the 'useable' reserves as fixed assets fall under a separate reserve category. Other notes:
• p7- The 'useable' funds brought forward at 01/04/2025 are draft and will be updated once the 2025 accounts have been audited.
• p8- The Playground renewal project was agreed to be funded from reserves at the Charity Committee meeting in September 2023. This cost has been capitalised and is therefore included within the Tangible Assets shown on the Balance Sheet (appendix 2).