Foreshore Trust Business Plan 2019/20 – 2024/25
Decision Maker: Charity Committee
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To present a five year Business Plan for the period 2019/20 – 2024/25
The Assistant Director, Regeneration and Culture, presented a report on the five year Business Plan for the period 2019/20 – 2024/25.
The business plan follows on from the earlier five year plan and is based upon current knowledge of maintenance, income, required capital works and proposals for new activities. It will be subject to review and modification as developing proposals and investigations are completed, most significantly in relation to the Stade facilities and the White Rock Baths area.
The new items which have been included are as follows:
a. Funding for the 2019 Herring fair
b. The option to explore new income generating activities within renewable energy
c. Advance notice of a new charitable giving scheme which will be developed over the next 18 months
7. Other new items include the new management arrangements for the Stade Hall and Classroom on the Coast.
It was noted that the Coastal Users Group (CUG) were broadly supportive of the plan and their comments can be found in the minutes of the CUG meeting on 12 March 2019 in the accompanying reports pack. However she highlighted the comments made with regards to:
· the larger charitable grants scheme - and the importance of consultation with the Grants Advisory Panel
· the importance of the blue economy and water quality
The Committee thanked the Assistant Director for an exciting and forward thinking business plan.
The Assistant Director, Financial Services and Revenues informed the Committee that paragraph 6 of the business plan should read that £97,000 has been set aside for the annual provision of charitable grants, not £670,000. Additionally, in paragraph 39 of the business plan, the balance in Trust accounts at 31 March 2018 should read £1,555,000 not £1,399,000 and paragraph 40 should read a surplus of £364,000 not £82,000.
The Committee noted these amendments.
The Protector asked if the funding of the Herring Fair could be considered a charitable purpose. In response it was felt that the fair had a role in supporting the local fishing community, Hastings residents and businesses and visitors to Hastings in the ‘off’ season’. It was underlined that the running of the fair was being reviewed to move it toward a self-sustaining model. The Assistant Director, Regeneration and Culture, confirmed that the Herring Fair will be supported for 1 year and will be reviewed in 2020.
Councillor Batsford proposed a motion to approve the recommendations, subject to the proposed amendments in the business plan, seconded by Councillor Rogers.
1. That the Business Plan as appended to this report be approved.
2. That the Committee delegate authority for any minor modifications to the Assistant Director of Regeneration and Culture in consultation with the Chair of the Charity Committee.
Reasons for recommendation:
The Charity Committee requires a business plan to support its decision-making on the use of Trust assets and surpluses.
Report author: Victoria Conheady
Publication date: 10/04/2019
Date of decision: 18/03/2019
Decided at meeting: 18/03/2019 - Charity Committee