2021-03-31-accounts - The Grace Eyre Foundation

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			Page No
Report ofthe Trustees			2-12
Report ofthe Independent	Auditors		13-18
Statement of Consolidated		Financial	19
Activities
Consolidated Balance Sheet			20
Charity Balance Sheet			21
Cashf low statement			22
Notes to the Financial Statements			23-40

Total funds	Total funds		3,295,654
Less fixed	assets		1,829,689
Less restricted funds			186504
Total free	reserves		1 225 461
Provision	for operating	costs for two months based on 2020/21	1,418,320
budgeted	expenditure

	FO	R THE	YEAR ENDED	31 MARCH 2021
			Unrestricted	Restricted	Total	Total
		Note	Funds	Funds	2021	2020
INCOME FROM:
Donations		4	908,180	119,278	1,027,458	158,344
Investments		5	1,713		1,713	2,494
Charitable Activities		7	7,304,990		7,304,990	8,121,409
Raising funds		6	15094		15,094	67,570
Gain on disposal offixed asset						1,039,122
Grace Eyre Housing			1 247,121		1,247,121	863 196
TOTAL INCOME			9,477,098	119,278	9,596,376	10,252,135
EXPENDITURE ON:
Raising funds		9	119,410		119,410	38,653
Charitable activities		10	7,733,230	121,732	7,854,962	8,379,180
Grace Eyre Housing		13	1 038577		1 038 577	737,584
TOTAL EXPENDITURE			8 091 217	121,732	9012949	9,155,417
NET INCOME/EXPENDITURE			585,881	(2,454)	583,427	1,096,718
Gain/(loss) on defined	benefit
pension schemes		28				39,000
NET MOVEMENT IN	FUNDS		585,881	(2,454)	583,427	1,135,718
RECONCILIATION OF FUNDS:
TOTAL FUNDS SROUGNT FORWARD			2 523 269	100,950	2 712227	1,576,509
TOTAL FUNDS CARRIED		23
FORWARD			3,109,150	186,504	3,295,654	2,712,227

		THE GRACE EYRE FOUNDATION	THE GRACE EYRE FOUNDATION	THE GRACE EYRE FOUNDATION	THE GRACE EYRE FOUNDATION
		CONSOLIDATED		BALANCE SHEET
		AS AT 31 MARCH			2021
		Notes		f	2021		2020
Fixed Assets
Tangible fixed assets		17			1,829,689		1,903,525
Current Assets
Debtors		19	1,810,409			1,028,029
Cash at bank and	in hand		641,223			1,596,352
			2,451,632			2,624,381
Current Liabilities
Amounts falling due within one year		20 ~985662				847,224
Net Current Assets					1,465,965		1,777,157
Total Assets Less Current Liabilities					3,295,654		3,680,682
Amounts falling due after more than one year							(968,455)
Defined benefit	pension
scheme liability		28
Net Assets					3,295,654		2,712,227
Funds		23
Unrestricted funds					1,390,484		1,304,603
Designated funds					1,539,122		1,039,122
Revaluation reserve					179,544		179,544
Restricted funds					186504		188958
					3,295,654		2,712,227

				THE	GRACE EYRE FOUNDATION	GRACE EYRE FOUNDATION
				CHARITY		BALANCE SHEET
					AS AT	31 MARCH 2021
					Notes	2021		2020
							E
Fixed Assets
Tangible fixed assets					17	1,829,689		657,126
Fixed asset	investments				18			4
Total Fixed Assets						1,829,689		657,130
Current Assets
Debtors					19	1,810,409	1,519,817
Cash at bank and		in	hand			641,223	1,486,861
						2,451,632	3,006,678
Creditors: due within	amounts one year		falling		20 ~966,667		616,561
Net Current Assets						1,465,965		2,390,117
Total Assets Less			Current			3,295,654		3,047,247
Liabilities
Amounts	falling	due		after
more than one year					21			(354,039)
Defined	benefit		pension
scheme liability					28
Net Assets						3,295,654		2,693,208
Funds					23
Unrestricted	funds					1,390,484		1,285,584
Designated	funds					1,539,122		1,039,122
Revaluation	reserve					179,544		179,544
Restricted	funds					186,504		188,958
						3,295,654		2,693,208

			Notes		2021		2020
Cash usedin operating	activities		27			(530,194)		155,157
Cash flow frominvesting
activities
Interest Income			5		1,713		2,494
Proceeds from sale of	assets						1,262,500
Payments to acquire tangible			17	(49,320)			(122,878)
fixed assets
Cash provided by/(used		in)				(47,607)		1,142,116
investing activities
Cash flows from financing
activities
Repayments of borrowing				(377,328)			(18,198)
Cash generated/ (used)		in				(377,328)		(18,198)
financial activities
Increase/(decrease) in	cash					(955,129)		1,279,075
Analysis of net cash/(debt)
				At 1 April		Cash	Non-cash	At 31
					2020		changes	March
								2021
					F	F
Cash at bank and	in	hand		1,596,352		(955,129)		641,223

	Unrestricted Funds K	Restricted Funds f	Total 2020 E
Income From
Donations	23,973	134,371	158,344
Investments	2,494		2,494
Charitable Activities	8,118,840	2,569	8,121,409
Raising Funds	67,570		67,570
Gain on disposal offixed asset	1,039,122		1,039,122
Grace Eyre Housing CIC	863,196		863,196
Purple Playhouse Theatre CIC
TOTAL INCOME	10,115,195	136,940	10,252,135
EXPENDITURE ON:
Raising funds	38,653		38,653
Charitable activities	8,253,176	126,004	8,379,180
Grace Eyre Housing CIC	737,584		737,584
Purple Playhouse Theatre CIC
TOTAL EXPENDITURE	9,029,413	128004	9,155,417
NET INCOME/EXPENDITURE	1,085,782	10,936	1,096,718
LOSS ON DEFINED BENEFIT PENSION	39,000		39,000
NET MOVEMENT IN FUNDS	1,124,782	10,936	1,135,718
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD	1,398,487	178,022	1,576,509
TOTAL FUNDS CARRIED FORWARD	2 523,269	188,958	2,712,227

4.GRANTS AND	DONATIONS	DONATIONS
				Restricted	Unrestricted	Total 2021	Total 2020
Grant Income & Donations
Grace Eyre Friendship		Brighton	& Hove
Friarsgate Trust							2.500
BHCC				49,773		49,773	8,628
General Donations					1,400	1,400	8
Open Market Project
Brighton and Hove City		Council		9,231		9,231	9,231
Shared Lives Plus
Shared Lives 16+							10,000
Sports for All
Sport in Sussex				9,225		9,225
On Your Side sports				7,258		7,258
Tennis Sussex				540		540	400
Sharing Our Voices
National Hentage							24,850
The Lawson Trust							2,500
Mayors Chanties	Foundation						2,830
Travel Buddy
Big Lottery Fund				35,962		35,962	72,532
Atoz Creatives							1,300
Other donations	and	grants
Covid-19 grants					465,242	465,242
Covid-19 furlough	scheme				431,088	431,088
Work Buddy				7,289		7,289
Other					10,450	10,450	23,573
				119,278	908,180	1,027,458	158,344

	2021 —contin	2021 —contin	ued
7.	CHARITABLE ACTIVITIES
			2021	2020
			F	F
Active Lives			925,176	1,253,558
Shared Lives			1,935,479	2,826,621
Choices			4 444 335	4 041 230
			7304990	8 121409
This	income is made up as follows:		2021f	2020f
Brighton 8, Hove City		Council	4,424,865	4,277,584
West	Sussex County	Council	1,646,773	1,532,895
Other Local Authorities			1,072,979	1,814,925
Individual Budgets			160373	496 005
			7 304 990	8 121409
8.	NET INCOME
			2021f	2020f
This	is stated after charging:
	Depreciation		123,156	129,107
	Auditor's remuneration		13800	15500

			continued
9.RAISING FUNDS							2021	2020
Staff Costs						113,201		32,004
Direct Costs							6209	6649
						~119410		38653
10. COST	OF CHARITABLE ACTIVITIES
		Active	Shared		Choices	2021 Total		2020 Total
		Lives	Lives		F			E
		E	6
Staff Costs		939,923	155,575		3,415,856	4,511,354		4,442,982
Direct Costs		109,137	1,705,330		141,868	1,956,335		2,506,685
Administrative		48,019	6,750		102,088		156,857	283,176
Expenses
Depreciation		3,218	369		3,718		7,305	3,069
Governance	Costs	7,805	14,634		26,341		48,780	40,041
Support Costs		187.893	352 299		834 139	1	174 331	1 101227
Total Costs		1 295995	2 2~4957		4 W24 010	7II54 982		8 379 180
			Active Lives		Active Lives			Active
			Unrestricted		Restricted		Lives Total
			2021			2021		2021
				F				F
Staff Costs			842,766		97,157			939,923
Direct Costs			101,338		7,799			109,137
Administrative	Expenses		31,243		16,776			48,019
Depreciation			3,218					3,218
Governance	Costs		7,805					7,805
Support Costs Total Costs			187893 ~11742 3		~17			187893 ~12959 5

			2021	2020
				F.
Audit			13,800	15,500
Other services	from auditors		5,775	10,300
Legal 8 professional		fees	29 205	14241
Total			4 7 0	40 041
2. SUPPORT	COSTS
			2021	2020
			E	E
Staff Costs			605,343	702,605
Premises			12,117	2,543
Communication	& IT		242,532	120,290
Administrative	Expenses		233,925	176,017
Travel			2,472	8,686
Depreciation			76,629	84,580
Insurance			1 313	6506
Total Support	Costs		1 174331	1 101 227
13.GRACE EYRE HOUSING COSTS
			2021	2020
				E
Staff Costs			195,620	156,188
Legal and professional fees			14,095	5,254
Administration	expenses		10,204	11,839
Housing costs			758,238	490,475
Travel			3,625	3,746
Depreciation			39,222	41,458
Insurance			10,685	3,310
Bank Charges			86	118
Loan Interest			6602	25 196
Total			~10 a577	737584

Group
	Freehold	Leasehold		Motor	Asset under	Total
	Property	Property	Equipment	vehicles	construction	6
	6	F
Cost
1 April 2020	1,306,078	1,352,451	506,447	12,024	22,428	3,199,426
Additions	26,465		22,655			49,320
Reanalysis	22,428				22,426
31 March 2021	1,354,971	1,352,451	529,302	12,024		3,248,748
Depreciation
1 April 2020	701,000	188,499	394,380	12,024		1,295,903
Depreciation
charge	19733	47400	56 023			123 156
31 March 2021	720733	235899	450403	12024		1 419059
NBV
31 March 2021	634,238	1,116,552	78,899			1,829,689
31 March 2020	605,078	1,163,952	112,067			1,903,525

race Eyre Housing CIC's results are ccounts.	included in the Grace Eyre Foundation	consolid
	2021	2020
Brought forward Disposals	4 ~4
Carried forward

summary	ofth	e results for the ye	ar are sho	wn be	low:
			Grace	Eyre	Purple	Total	Total
			Housing	CIC	Playhouse	Year	Year
					Theatre	Ended	Ended
					CIC	2021	2020
					F		E
Turnover							863,196
Administrative		expenses					900,610
Profit/(loss)	for	the financial year					37,414

9.DEBTORS
		2021		2020
		Group f	Charity	Group F	Charity f
Trade Debtors		1,454,819	1,454,819	801,028	792,704
Prepayments	and accrued income	355,590	355,590	227,001	255,843
Amounts owed by group undertakings					471,270
		1,810,409	1,810,409	1,028,029	1,519,817

significant amount o urrent financial year.	fthe tr	ade debtors	balance recor	ded above h	as been rece	ived in the
20.CREDITORS
Amount falling due	within	1 year	2021		2020
			Group	Charity	Group	Charityf
Trade creditors			239,696	239,696	160,669	144,154
Other creditors			127,092	127,092	197,128	153,989
Accruals and deferred	income		618,879	618,879	489,427	318,418
			985,667	985,667	847,224	616,561

	985,6	67	985,66	7	847,224	616,561
21.CREDITORS
Amount falling after 1 year		2021			2020
	Group	f	Charity	f	Group f	Charity F
Other loans 1-2years					68,705	23,290
Other loans 2-5 years					206,114	69,870
Other loans more than 5years by instalments					693,636	260,879
					968,455	354,039

t 31 March 2021 the company had to eases as follows:	tal commitments unde	r non-ca	ncellable o	perating
	Other		Land and	buildings
	2021	2020	2021	2020
	K			E
Within one year	31,766	31,766	165,520	112,297
Between two and five years	32,445	64,211	40,673	141,020
More than 5 years			74,093	84,893
Total	64 211	95977	280 286	338,210

3.ANALYSIS OF NET	ASSETS BETW	EEN FUNDS
	Unrestricted	Revaluation	Restricted	Tots I 2021
	Funds	Reserve	Funds
Group and charity		F
Tangible fixed assets	1,650,145	179,544		1,829,689
Net current assets	2,265,128		186,504	2,451,632
Long term liabilities	(985,667)			(985,667)
Provisions
Net assets at 31 March 2021	2,929,606	179,544	186,504	3,295,654

ANALYSIS OF NET	ASSETS	BETWEEN	FUNDS FOR	FUNDS FOR	THE YEAR ENDED 31	THE YEAR ENDED 31	MARCH 2021
	Unrestricted		Revaluation			Restricted	Total 2021
		Funds	Reserve			Funds
Group		F
Tangible fixed assets		1,723,981		179,544			1,903,525
Net current assets		1,588,199				188,958	1,777,157
Long term liabilities		(968,455)					(968,455)
Provision
Net assets at 31
March 2020		2,343,725		179,544		188,958	2,712,227
Charity
Tangible fixed assets		477,586		179,544			657,130
Net current assets		2,201,159				188,958	2,390,117
Long term liabilities		(354,039)					(354,039)
Provision
Net assets at 31
March 2020		2,324,706		179,544		188,958	2,693,208
24. MOVEMENT IN	FUNDS
		Balance at		Incoming		Outgoing	Balance at
		1	April	Resource		Resource	31 March
			2020 K				2021f
Restricted Funds/Projects
The National Lotteries		93,804					93,804
Charities Grant
Allotment Project			1				1
Art Studio		(7,513)					(7,513)
Drama Project			5,046				5,046
Friendship Project & Hove	—Brighton		2,442		49,773	(17,436)	34,779
Open Market Project			769		9,231	(17,172)	(7,172)
Shared Lives 16+			6,107				6,107
Sharing Our Voices		20,896				(19,258)	1,638
Sport Other (Football,		(2,906)			17,023	(8,883)	5,234
Swimming, Tennis)
Theatre Refurbishment		(1,778)					(1,778)
Travel Buddy		69,806			35,962	(58,983)	46,785
Work Buddy					7,289		7,289
Walsingham Road	Centre		2,284				2,284
Refurbishment Project
Total Restricted Funds		188,958		119278		121,732	'I86,504

principal actuarial	principal actuarial	assumptions	assumptions	used by the actuaries	were as follows:
					2021	2020
					0/'	0/
Discount rate at	31	March			1.95	2.3
Expected return	on	assets at	31	March	21.3	4.2
Rate ofincrease	in	pensions	payment		2.85	1.8
Rate ofincrease	in	salaries			2.85	1.8

major categories of plan asset a ws:	s a percentage of the total plans' a	ssets, are
	2021	2020
	0/'
Equities	76	71
Bonds	15	17
property	8	10
Cash	2	2

major categories	ofplan	asset as a perce	ntage ofthe	total plans' assets	, are as foll
				2021	2020
				f.'000	E'000
Fair value of Employer Assets				2,856	2,357
Present Value of	Funded	Liabilities		3,123	2,498)
(Deficit) l Surplus				(267)	(141)
Liability covered	by East	Sussex County	Council	578	578
Deficit recognised	in the	accounts