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Issue - meetings
Status Report - Foreshore Trust Business Plan 2019/20 – 2024/25
Meeting: 18/10/2021 - Charity Committee (Item 102)
102 Status Report - Foreshore Trust Business Plan 2019/20 – 2024/25 PDF 743 KB
(Victoria Conheady, Assistant Director, Regeneration and Culture)
Minutes:
The Assistant Director, Regeneration and Culture, presented a report to review business plan activity in 2020/21 and the impact of Covid-19 on planned activity.
The impact of Covid-19 on Foreshore Trust activity and assets has been significant with considerable financial impact on car park revenue and tenanted assets. Additionally, key officers were reassigned to manage the Covid-19 response.
Notable highlights of the past year include additional investment in Foreshore Trust assets via opportunities such as the Accelerated Towns Fund. This revitalised the Source Park courtyard and increased the electric vehicle charging points in Pelham Place Cark Park.
It is intended that a new business plan will be developed once the full impact of Covid-19 has been better understood.
The Marketing and Major Projects Manager informed the committee that the Coastal Users’ Group were very pleased with the business plan and asked to be involved in the development of the next 5-year plan.
Councillor Webb thanked the Coastal Users’ Group for their support during this unprecedented period.
RESOLVED (unanimously):
1. That the update on 2020/2021 Business Plan be noted, as detailed in paragraphs 4- 24.
2. That it is agreed that the activity projected in the 2021/22-2024/2025, as agreed in March 2019 for this financial year be followed if affordable given fiscal impacts due to COVID-19.
3. That the deviations to the current business plan for this financial year (21/22) are noted, as detailed in paragraphs 35-54.
4. To note that due to the ongoing impact of COVID-19 on the financial year 20/21 and 21/22 has meant that a business plan for the 5-year period commencing 2021/2022 was unable to be presented in March 2021
5. That a business plan for the 5-year period commencing 2022/2023 will be worked on and presented as soon as practicable once accounts are completed, the COVID-19 impact on the Foreshore Trust assets are understood, and the level of uncertainty surrounding the ongoing pandemic is reduced.Reasons:
1. The Charity Committee requires a business plan to support its decision-making on the use of Foreshore Trust assets and surpluses.
2. Due to the ongoing impact of the COVID-19 pandemic the development of a new 5-year business plan has not occurred. The current agreed business plan runs until March 2025.
3. COVID-19 prevented much of the work needed to refresh the current business plan.
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