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Issue - meetings
(Foreshore Trust) Annual Report and Financial Accounts 2018-19
Meeting: 23/09/2019 - Charity Committee (Item 39)
39 (Foreshore Trust) Annual Report and Financial Accounts 2018-19 PDF 115 KB
Additional documents:
Minutes:
With the agreement of the chair this item was moved up the agenda to item 7.
The Assistant Director Financial Services and Revenues submitted a report. The purpose of this is for members of the Committee to consider the 2018/19 Annual Report and Financial Accounts.
The Chief Accountant presented the report; he commented that the surplus is at £234,000 which is above expectations. There are £2.8m in assets and a report is included from the protector who is satisfied that HBC has ensured the integrity of the administration of the affairs of the Foreshore Trust, as required by the current scheme. The independent auditors were also satisfied.
A question from a representative of the Coastal Users Group (CUG) was asked:
Question: Trustees of the Foreshore Trust cannot receive income from the trust. The chair of Charity Committee receives an allowance for this role is this correct?
Answer: Councillors are not the trustee of the Foreshore trust, Hastings Borough Council is the trustee. All Hastings Borough Council Councillors receive an allowance for any duties they perform such as sitting on committees. This has previously been looked at by the Independent Remuneration Panel (IRP).
The Chief Legal Officer commented that she would be happy to come to Coastal Users Group and explain this if it is required.
Councillor Rogers proposed a motion to approve the recommendations in the report, seconded by Councillor Batsford.
The Chair of the Charity Committee signed the accounts
RESOLVED (unanimously):
1. To agree the Annual Report and Financial Accounts 2018-19
Reasons for Recommendations
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 Council as Trustee, through the Charity Committee, is authorised to approve the annual report and accounts which must be done by the 30th September each year.
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