2022-03-31-accounts

				Page No
Report of	the Trustees			2-13
Report of	the Independent		Auditors	14-19
Statement	of Financial	Activities		20
Balance Sheet				21
Cashf low	statement			22
Notes to the Financial		Statements		23-38

Total funds					3,552,053
Less fixed assets Less restricted funds					(1,806,865) ~76 627
Total free reserves	(including		designated	funds)	1 666 661
Provision for operating		costs for	two months	based on 2021/22	1,418,320
budgeted expenditure

			FO	R THE	YEAR ENDED	31 MARCH 2022
					Unrestricted	Restricted	Total	Total
				Note	Funds	Funds	2022	2021
INCOME FROM:							6
Donations				4	388,916	145,915	534,831	1,027,458
Investments				5	410		410	1,713
Charitable Activities				7	7,095,671		7,095,671	7,304,990
Raising funds				6	13,327		13,327	15,094
Grace Eyre Housing					1,439,470		1,439,470	1,247,121
TOTAL INCOME					8,937,794	145,915	9,083,709	9,596,376
EXPENDITURE ON:
Raising funds				9	89,965		89,965	119,410
Charitable activities				10	7,319,152	161,482	7,480,634	7,854,962
Grace Eyre Housing				13	1,256,711		1,256,711	1,038,577
TOTAL EXPENDITURE					8,665,828	161,482	8,827,310	9,012,949
NET INCOME/EXPENDITURE					271,966	(15,567)	256,399	583,427
Gain/(loss) on defined		benefit
pension schemes				25
Gross transfers between			funds	21	94,310	(94,310)
NET MOVEMENT	IN	FUNDS			366,276	(109,877)	256,399	583,427
RECONCILIATION	OF		FUNDS:
TOTAL FUNDS BROUGHT FORWARD					3,109,150	186,504	3,295,654	2,712,227
TOTAL FUNDS CARRIED				21
FORWARD					3,475,426	76,627	3,552,053	3,295,654

			THE GRACE EYRE FOUNDATION	THE GRACE EYRE FOUNDATION	THE GRACE EYRE FOUNDATION
				BALANCE SHEET
			AS	AT 31 MARCH	2022
			Notes		2022		2021
Fixed Assets
Tangible	fixed assets		16		1,805,855		1,629,689
Current	Assets
Debtors			17	1,785,102		1,610,409
Cash at	bank and	in hand		894,515		641,223
				2,879,617		2,451,632
Current	Liabilities
Amounts	falling due within
one year			18	(934,429)		985,667
Net Current Assets					1,745,188		1,465,965
Total Assets Less Current Liabilities					3,552,053		3,295,654
Defined	benefit	pension
scheme	liability		25
Net Assets					3,552,053		3,295,654
Funds			21
Unrestricted funds					2,245,882		1,390,484
Designated funds					1,050,000		1,539,122
Revaluation reserve					179,544			179,544
Restricted funds					75,527			186,504
					3,552,053		3,295,654

			Notes	2022		2021
Cash usedin operating	activities		24		332,367		(530,194)
Cash flow from investing
activities
Interest Income			5	410		1,713
Payments to acquire tangible			16	(79,485)		(49,320)
fixed assets
Cash provided by/(used		in)			(79,075)		(47,607)
investing activities
Cash flows from financing
activities
Repayments of borrowing						(377,328)
Cash generated/ (used)		in					(377,328)
financial activities
Increase/(decrease) in	cash				253,292		(955,129)
Analysis of net cash/(debt)
				At 1 April	Cash	Non-cash	At 31
				2021		changes	March
				E	E		2022f
Cash at bank and	in	hand		641,223	253,292		894,515

		Unrestricted Funds f	Restricted Funds f	Total 2021 F
Income From
Donations		908,180	119,278	1,027,458
Investments		1,713		1,713
Charitable Activities		7,304,990		7,304,990
Raising Funds		15,094		15,094
Grace Eyre Housing		1,247,121		1,247,121
TOTAL INCOME		9,477,098	119,278	9,596,376
EXPENDITURE ON:
Raising funds		119,410		119,410
Charitable activities		7,733,230	121,732	7,854,962
Grace Eyre Housing		1,038,577		1,038,577
TOTAL EXPENDITURE		8,891,217	121,232	9 012949
NET INCOME/EXPENDITURE		585,881	(2,454)	583,427
NET MOVEMENT	IN FUNDS	585,881	(2,454)	583,427
RECONCILIATION	OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD		2,523,269	188,958	2,712,227
TOTAL FUNDS CARRIED FORWARD		3,109,150	186,504	3,295,654

4. GRANTS AND	DON	ATIONS
				Restricted	Unrestricted	Total 2022	Total 2021
Grant Income &Donations				6	6	6	F
Grace Eyre Friendship		Brighton	& Hove
Shanley Foundation				1,000		1,000
BHCC				9,628		9,628	49,773
General Donations							1,400
Open Market Project
Brighton and Hove	City	Council		9,231		9,231	9,231
Sports for All
Sport in Sussex							9,225
On Your Side sports							7,258
Tennis Sussex							540
Sharing Our Voices
National Heritage				19,880		19,880
Travel Buddy
Big Lottery Fund				73,988		73,988	35,962
Other donations	and	grants
Covid-19 grants					171,225	171,225	465,242
Covid-19 furlough	scheme				42,711	42,711	431,088
SEIF grant release					139,638	139,638
Work Buddy				8,111		8,111	7,289
Lets Work Together				24,077		24,077
Other					35,342	35,342	10,450
				145,915	388,916	534,831	1,027,458

31 MARCH 2022 — 7. CHARITABLE ACTIVITIES	continued
	2022f	2021f
Active Lives	591,078	925,176
Shared Lives	1,760,164	1,935,479
Choices	4744 429	4 444 335
	~el~71	~7~49
This income is made up as follows:	2022f	2021
Brighton & Hove City Council	4,417,998	4,424,865
West Sussex County Council	1,625,916	1,646,773
Other Local Authorities	894,994	1,072,979
Individual Budgets	156763 ~71~71	160373 ~7304 90
8. NET INCOME
	2022f	2021f
This is stated after charging:
Depreciation	102,309	123,156
Auditor's remuneration	19200	13800

9.RAISING F	UNDS					2022f	2021
Staff Costs						85,115	113,201
Direct Costs						4 850	6209
						89965	119410
10. COST	OF CHARITABLE ACTIVITIES
		Active	Shared
		Lives	Lives	Choices	2022 Total		2021 Total
		E	E	E
Staff Costs		602,193	144,492	3,602,068	4,348,753		4,511,354
Direct Costs		47,015	1,490,876	165,614	1,703,505		1,956,335
Administrative		51,999	2,920	111,472		166,391	156,857
Expenses
Depreciation		2,906	215	2,608		5,729	7,305
Governance	Costs	4,447	6,339	15,010		27,796	48,780
Support Costs		196554	368538	663368	1	228 460	1 174331
Total Costs				~4~74	~4gjg8		7 854962
			Active Lives	Active Lives			Active
			Unrestricted	Restricted		Lives Total
			2022		2022		2022
			K		E
Staff Costs			459,335	142,858			602,193
Direct Costs			43,702	3313			47,015
Administrative	Expenses		36,688	15,311			51,999
Depreciation			2,906				2,906
Governance	Costs		4,447				4,447
Support Costs Total Costs			196554 ~7632	~161482			196554 905114

				2022	2021
				6	6
Audit				16,200	13,800
Other services	from auditors			5,310	5,775
Legal 8 professional		fees		~6286	29205
Total				~27 7	~48 7
12. SUPPORT	COSTS
				2022	2021
Staff Costs				728,253	605,343
Premises				26,013	12,117
Communication	& IT			200,096	242,532
Administrative	Expenses			219,034	233,925
Travel				3,263	2,472
Depreciation				52,801	76,629
Insurance					1 313
Total Support	Costs			fggg, 33ll	~11743 1
13.GRACE EYRE HOUSING COSTS
				2022	2021
				E
Staff Costs				241,303	195,620
Legal and professional			fees	9,371	14,095
Administration	expenses			13,024	10,204
Housing costs				938,063	758,238
Travel				4,495	3,625
Depreciation				43,779	39,222
Insurance				6,980	10,685
Bank Charges				696	86
Loan Interest					6 802
Total					1 038577

			2022	2021
			E
Staff	costs were as follows:
	Salaries	and wages	4,767,318	4,812,897
	Social Security costs		375,258	367,816
	Pension	contributions	280 848	244 805
	Total		5 403424	5 425 518

	Freehold Property	Leasehold Property	Equipment	Motor vehicles	Total f
		E	E	E
Cost
1 April 2021	1,354,971	1,352,451	529,302	12,024	3,248,748
Additions	31,095	-	48,390		79,485
Disposals				4	4
31 March 2022	1,386,066	1,362,451	677,692	12,020	3,328,229
Depreciation
1 April 2021	720,733	235,899	450,403	12,024	1,419,059
Depreciation
charge	21,247	44,993	36,069		102,309
Disposals				4	4
31 March 2022	741,980	280,892	486,472	12,020	1,621,364
NBV
31 March 2022	644,086	1,071,559	91,220		1,806,866
31 March 2021	634,238	1 116552	78899		1 829,689

7.DEBTORS
		2022	2021
			F
Trade Debtors		1,453,844	1,454,819
Prepayments	and accrued income	252,604	355,590
Other debtors		78,654
		1,785,102	1,810,409

18.CREDITORS
Amount falling due	within	1 year
			2022	2021
			E	F
Trade creditors			160,799	239,696
Other creditors			164,450	127,092
Accruals and deferred	income		609,180	618,879
			934,429	985,667

eases as follows:				perang
	Other		Land and	buildings
	2022 6	2021 6	2022	2021f
Within one year	31,766	31,766	38,376	165,520
Between two and five years	4,275	32,445	36,437	40,673
More than 5years			64,943	74,093
Total	36,041	64,211	139,756	280,286

0.ANALYSIS OF NET	ASSETS BETW	EEN FUNDS
	Unrestricted	Revaluation	Restricted	Total 2022
	Funds	Reserve	Funds
			6	E
Tangible fixed assets	1,627,321	179,544		1,806,865
Net current assets	1,668,561		76,627	1,745,188
Net assets at 31 March 2022	3,295,882	179,544	76,627	3,552,053

ANALYSIS OF NET ASSETS BETWEEN	ANALYSIS OF NET ASSETS BETWEEN	FUNDS FOR	FUNDS FOR	THE YEAR	ENDED	31	MARCH 2021	MARCH 2021
	Unrestricted	Revaluation		Restricted				Total 2021
	Funds	Reserve			Funds
	F.			E	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
Net assets at 31
March 2021	2,929,606	179,544			186,504			3,295,654
21.MOVEMENT IN FUNDS
	Balance at							Balance at
	1 April							31 March
	2021	Income	Expenditure		Transfers			2022
	F	6		F			6
Restricted Funds/Projects
The National
Lotteries Charities	93,804				(93,804)
Grant
Allotment Project	1			(1)
Art Studio	(7,513)							(7,513)
Drama Project	5,046			(1,100)				3,946
Friendship Project- Brighton 8 Hove	34,779	10,628		(29,046)				16,361
Open Market Project	(7,172)	9,231		(7,137)				(5,078)
Shared Lives 16+	6,107							6,107
Sharing Our Voices	1,638	19,880		(21,518)
Sport Other
(Football,	5,234			(3,060)				2,174
Swimming, Tennis)
Theatre Refurbishment	(1,778)					1,778
Travel Buddy	46,785	73,988		(75,543)				45,230
Work Buddy	7,289	8,111						15,400
Lets Work Together		24,077		(24,077)
Walsingham Road
Centre Refurbishment	2,284				(2,284)
Project
Total Restricted Funds	186,504	145,915		(161,482)	(94,310)			76,627

			2022	2021
			E
Net income/(expenditure)			256,399	583,427
Interest receivable			(410)	(1,713)
Depreciation oftangible		fixed assets	102,309	123,156
(Increase)/decrease	in	debtors	25,307	(782,380)
Increase/(decrease)	in	creditors	(51,238)	(452,684)
			332,367	530,194

principal actuaria	l	assumption	s used by the actua	ries were as follows:
				2022	2021
				0/	0/
Discounf rate at	31	March		2.6	1.95
Expecfed return	on	assets at	31March	11.5	21.3
Rate ofincrease	in	pensions	payment	3.3	2.85
Rate ofincreasein		salaries		3.3	2.85

plans' a	ssets, are
2022	2021
74	76
16	15
8	8
2	2

major c	ategories	ofplan	asset as a percentage ofthe	total plans' assets	, are as foll
				2022	2021
				K'000	E'000
Fair value of Employer Assets				3,174	2,856
Present	Value of	Funded	Liabilities	(3,206	3,123
(Deficit)	/ Surplus			(32)	(267)
Liability	covered	by East	Sussex County Council	578	578
Deficit recognised		in the	accounts