||||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|
##
##
##
##
##
##
##
##
##
##
|The|principal
actuarial|principal
actuarial|assumptions|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||||