|||||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|
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|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||||||
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||||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||
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||||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|
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|||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|
##
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##
|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|
##
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##
||||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|
##
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||||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|||