Video of STBF Finance Committee meeting -20/11/24

Here is the Filming for the Housebound YouTube video of the Sandwich Toll Bridge Fund (STBF) Finance Committee meeting held 20/11/24. Please turn up the volume on your viewing device and use headphones for best effect 🎧 
NOTE …
The STBF Statement of Purpose was referenced during the meeting to help clarify STBF expenditure prioritisation. Therefore, I have added a link to this post. It should be noted that the STBF Statement of Purpose (under Expenditure) speaks of income, surplus income and Capital, that Capital should be invested so that it increases at least in line with inflation, and that (surplus) income is spent in accordance with specified priorities. Sadly, the Trustee has not been managing the fund in line with the Statement of Purpose for some time and it appears it may continue to struggle to do so, in large part due to transfers from reserves (Capital) being used to finance the running costs of the Guildhall and the Museum. It can be seen from the financial reports and the draft budgets that the Trustee has been overspending, there is no surplus income, the Capital is being eroded rather than protected and asset maintenance has been neglected for many years, hence the position taken in the meeting to recommend cancelling grant donations in the coming year.
VIDEO:

AGENDA:

GUILDHALL DRAFT BUDGET ATTACHMENT:

STBF STATEMENT OF PURPOSE: