Minutes Public Pack, 07/01/2026 Charity Committee

Noted · Received for information; no decision followed.

The committee also thanked James Cook for his commitment and dedicated service to the Foreshore Trust during his term of office. p7p9

The Finance Business Partner's report to the committee shows a forecast deficit of £78,123 for the Foreshore Trust in the 2025/26 financial year, which includes projected grants totalling £273,319 and depreciation of £88,225; without these two items the forecast would show a surplus of £283,421. p12

The breakdown given to the committee includes a positive variance of almost £100,000 in car park income at Rock A Nore and Pelham car park, a positive variance of £23,500 in foreshore management income, and a negative variance in investment income due to declining interest rates. p13

On the former White Rock Baths, the Property and Commercial Assets Manager gave the committee a verbal update that current arrangements will continue while final negotiations on a new lease proceed. p17

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 5 passages this is based on

• p7The Chair and committee gave thanks to James Cook for his dedicated service.
• p92. Acknowledge and thank James Cook for his commitment and dedicated service to the Foreshore Trust during his term of office.
• p1228. FORESHORE TRUST FINANCE REPORT The Finance Business Partner introduced the report. The summary monitoring report shows an overall forecast deficit of £78,123 for the 2025/26 financial year. This deficit includes the payment of projected grants totalling £273,319 and depreciation of £88,225. Without these two deductions the forecast would show a surplus of £283,421.
• p13The Finance Business Partner gave a detailed breakdown of the overall forecast for the year. This included Car Park income with a positive variance of almost £100,000 due to the increased visitors to Rock A Nore and Pelham car park. Foreshore management income shows a positive variance of £23,500 due to new rental income streams, rental reviews, bulky waste income and recovery of water charges. Investment income shows a negative variance because of declining interest rates. Moving down to expenditure, the variances were addressed in further detail. Finally, it was explained why the early part of the year shows a strong surplus and the latter part of the year shows a deficit. This is due to Management recharges from Hastings Borough Council that are calculated and applied only at year-end, creating the appearance of a large cost in the final months.
• p1729. FORMER WHITE ROCK BATHS The Property and Commercial Assets Manager gave a verbal update. Arrangements are going to continue as they are while final negotiations on the new lease proceed.