##
##
|Trustees||Ms E Corbishley|Ms E Corbishley|- Chair|||
|---|---|---|---|---|---|---|
|||Mr P Begley - Treasurer|||||
|||Ms SBoast|||||
|||Ms A M Cooley-Greene|||||
|||Ms L Cumberbatch|||(Appointed|15March 2023)|
|||Mr B Dhol|||(Appointed|15 March 2023)|
|||Ms C Gauge|—Deputy Chair||||
|||Mr S Leaney|||(Appointed|20 September 2022)|
|||Mr S Owens|||||
|||Mr D Parsonage|||||
|||Ms KPentecost|||||
|||Mr J Puglia|||(Appointed|15 March 2023)|
|||Ms L Ryan|||(Appointed|15 March 2023)|
|||Ms S Smith|||(Appointed|15 March 2023)|
|Secretary||Ms E Eriksson|||||
|Charity number||1020192|||||
|Company|number|02806429|||||
|Registered|office|36 Montefiore|Rd||||
|||Hove|||||
|||East Sussex|||||
|||BN3 6EP|||||
|Auditor||Knill James LLP|||||
|||One Bell Lane|||||
|||Lewes|||||
|||East Sussex|||||
|||BN7 1JU|||||
|Bankers||Barclays Bank Pic|||||
|||139/142 North Street|||||
|||Brighton|||||
|||East Sussex|||||
|||BN1 1RU|||||
|Solicitors||DMH Stallard|||||
|||47 Old Steine|||||
|||Brighton|||||
|||East Sussex|||||
|||BN1 1NW|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Current financial year||||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|||
||||general|Designated||||
||||2023|2023|2023|2023||
|||Notes|f.|||||
|Income from:||||||||
|Donations
and legacies|||100,219|906|66,690|167,815|534,831|
|Charitable
activities|||10,362,786|||10,362,786|8,535,140|
|Other trading
activities|||18,498|23,825||42,323|13,327|
|Investments|||2,399|||2,399|410|
|Total income|||10,483,902|24,731|66,690|10,575,323|9,083,708|
|Raising funds|||126,218||2,388|128,606|89,965|
|Charitable
activities||8|10,230,619|35,606|114,665|10,380,890|8,737,344|
|Total expenditure|||10,356,837|35,606|117,053|10,509,496|8,827,309|
|Net income/(expenditure}|for the|yearl||||||
|Net movement
in funds|||127,065|(10,875)|(50,363)|65,827|256,399|
|Fund balances at 1 April|2022||2,425,426|1,050,000|76,627|3,552,053|3,295,654|
|Fund balances at 31 INarch 2023|||2,552,491|1,039,125|26,264|3,617,880|3,552,053|
##
##
##
|Prior financial|year|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|
|||||funds|funds|funds||
|||||general|Designated|||
|||||2022|2022|2022|2022|
||||Notes|F||f.|K|
|Income from:||||||||
|Donations
and|legacies|||388,916||145,915|534,831|
|Charitable
activities||||8,535,140|||8,535,140|
|Other trading
activities||||13,327|||13,327|
|Investments||||410|||410|
|Total income||||8,937,793||145,915|9,083,708|
|Ex enditure
on:||||||||
|Raising funds||||89,965|||89,965|
|Charitabie
activities||||8,575,862||161,482|8,737,344|
|Total expenditure||||8,665,827||161,482|8,827,309|
|Gross transfers|between|funds||583,432|(489,122)|(94,3'I 0)||
|Net income/(expenditure)||for the year/||||||
|Net movement|in funds|||855,398|(489,122)|('109,877)|256,399|
|Fund balances|at 1 April|2021||1,570,028|1,539,122|186,504|3,295,654|
|Fund balances|at 31 INarch 2022|||2,425,426|1,050,000|76,627|3,552,053|
##
##
##
|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||f||
|Fixed assets||||||||
|Tangible assets|||13||1,781,206||1,806,865|
|Current assets||||||||
|Debtors|||14|1,338,073||1,785,102||
|Cash at bank and in||hand||1,384,642||894,515||
|||||2,722,715||2,679,617||
|Creditors:|amounts|falling due within||||||
|one year||||(886,041)||(934,429)||
|Net current|assets||||1,836,674||1,745,188|
|Total assets less current liabilities|||||3,617,880||3,552,053|
|Income funds||||||||
|Restricted|funds||1?||26,264||76,627|
|Unrestricted|funds|||||||
|Designated|funds|||1,039,125||1,050,000||
|General
unrestricted||funds||2,372,947||2,245,882||
|Revaluation|reserve|||179,544||179,544||
||||||3,591,616||3,475,426|
||||||3,617,880||3,552,053|
##
##
##
|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||f||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||22||565,125||332,367|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(84,824)||(79,485)||
|Proceeds|from disposal oftangible
fixed|||||||
|assets||||7,427||||
|Investment|income received|||2,399||410||
|Net cash|used in investing|activities|||(74,998)||(79,075)|
|Net cash|used in financing|activities||||||
|Net increase
in cash and||cash equivalents|||490,127||253,292|
|Cash and|cash equivalents|at beginning|ofyear||894,515||641,223|
|Cash and|cash equivalents|at end of|year||1,384,642|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds||funds|funds||
||||general|Designated|||general|||
||||2023|2023f|2023
8|2023
8|2022|2022
K|2022|
|Donations|and|gifts|100,219|906||167,815|388,916|145,915|534,831|
##
##
##
##
||||Charitable|Housing||Total|Charitable|Housing|Total|
|---|---|---|---|---|---|---|---|---|---|
||||activities|||2023|activities||2022|
||||2023|2023|||2022|2022||
|||||f.||||||
|Sales within||||||||||
|charitable|activities||968|||968|405||405|
|Services provided||||||||||
|under contract|||||||87|||
|Performance||related||||||||
|grants|||8,500,098|||8,500,098|6,994,791||6,994,791|
|Charitable|rental|||||||||
|income||||1,767,376||1,767,376||1,439,470|1,439,470|
|Other income|||94,344|||94,344|100,387||100,387|
||||8,595,410|1,767,376|'i|0,362,786|7,095,670|1,439,470|8,535,140|
|Other trading||activities||||||||
||||||Unrestricted||Unrestricted|Total|Uinrestricted|
|||||||funds|funds||funds|
|||||||general|Designated||general|
|||||||2023|2023|2023|2022|
||||||||||f-|
|Fundraising|events|||||6,852|23,825|30,677|11,183|
|Shop income||||||11,646||11,646|2,144|
|Other trading||activities||||18,498|23,825|42,323|13,327|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2023|2022|
|f|f.|
|2,399|410|
##
##
||||Unrestricted|Restricted|Total|Unrestricted|
|---|---|---|---|---|---|---|
||||funds|funds||funds|
||||general|||general|
||||2023|2023||2022|
|Fu draisin|nd|ublicit|||||
|Staging fundraising||events|19,209|2,388|21,597|4,244|
|Other fundraising||costs|615||615|606|
|Staff costs|||106,394||106,394|85,115|
|Fundraising|and publicity||126,218|2,388|128,606|89,965|
||||126,218|2,388|128,606|89,965|
##
##
##
||||Provision
of|Grace Eyre|Total|Provision of|Grace Eyre|Total|
|---|---|---|---|---|---|---|---|---|
||||services|Housing|2023|services|Housing|2022|
||||2023|2023||2022|2022||
|||||||f|||
|Staff costs|||5,435,942|301,629|5,737,571|4,349,875|241,303|4,591,178|
|Depreciation||and|||||||
|impairment|||6,044|46,186|52,230|5,729|43,779|49,508|
|Agency staff|||174,665||174,665|53,042||53,042|
|Care fees|||1,433,955||1,433,955|1,470,889||'l,470,889|
|Registrations|||6,876||6,876|7,443||7,443|
|Food 8 provisions|||10,190||10,190|8,659||8,659|
|Staff costs|||14,744||14,744|47,302||47,302|
|Consultants|||64,692||64,692|38,589||38,589|
|Motor &travel|||81,396||81,396|7,788||7,788|
|I-lygiene 8|repairs||49,694|65,664|115,358|39,878|140,553|180,431|
|Sessions|||9,255||9,255|4,819||4,819|
|Venue hire|||25,012||25,012|15,648||15,648|
|Rent|||||||||
||||123,787|877,738|1,001,525|117,'I 82|695,723|8'I2,905|
|Light 8 heat|||65,128||65, 'I 28|51,935||51,935|
|Rates|||7,6'I 7|'I3,964|21,581|9,117|9,832|18,949|
|Other housing||costs||54,215|54,215||'l16,865|116,865|
|Bad debt|||(97,753)||(97,753)||||
||||7,411,244|1,359,396|8,770,640|6,227,895|1,248,055|7,475,950|
|Share of support costs|||||||||
|(see note 9)|||1,576,186||1,576,186|1,217,551|6,676|1,224,227|
|Share of governance|||||||||
|costs (see|note 9)||34,064||34,064|27,796|9,371|37,167|
||||9,021,494|1,359,396|10,380,890|7,473,242|1,264,102|8,737,344|
|Analysis
by||fund|||||||
|Unrestricted|funds-||||||||
|general|||8,871,223|1,359,396|10,230,619|7,311,760|1,264,102|8,575,862|
|Unrestricted|funds-||||||||
|Designated|||35,606||35,606||||
|Restricted|funds||114,665||114,665|161,482||161,482|
||||9,021,494|1,359,396|10,380,890|7,4?3,242|1,264,102|8,737,344|
##
##
##
||||Support|Governance|2023|Support|Governance|2022|
|---|---|---|---|---|---|---|---|---|
||||costs|costs||costs|costs||
|||||R|||||
|Staff costs|||935,815||935,815|728,253||728,253|
|Depreciation|||50,824||50,824|52,801||52,801|
|Recruitment|||48,940||48,940|11,967||11,967|
|Training|||49,511||49,511|31,690||31,690|
|Staff costs|||30,597||30,597|21,437||21,437|
|Subscriptions|||25,018||25,018|12,115||12,115|
|Cleaning,|hygiene|8|||||||
|con sumables|||110,053||110,053|68,650||68,650|
|Communications|||168,289||168,289|114,447||114,447|
|ITcosts|||103,555||103,555|158,497||158,497|
|Bank charges 8 interest|||5,340||5,340|2,710||2,710|
|Printing,
postage,|||||||||
|stationery|and||||||||
|advertising|||48,244||48,244|21,660||21,660|
|Audit fees||||18,794|18,794||21,510|21,510|
|Legal and|professional|||15,270|15,270||15,657|15,657|
||||1,576,186|34,064|1,610,250|1,224,227|37,167|1,261,394|
|Analysed|to:||||||||
|Charitabie|activities||1,576,186|34,064|1,610,250|1,224,227|37,167|1,261,394|
##
##
|The averag|e
monthly
number ofemployees
during th|e year was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Charitable|activities|276|253|
|Administration||11|12|
|||287||
##
##
##
|11|Employees|||||(Continued)|
|---|---|---|---|---|---|---|
||Employment
costs||||2023|2022|
||||||K||
||Wages and salaries||||5,969,?91|4,768,440|
||Social security costs||||521,985|375,258|
||Other pension costs||||288,004|260,848|
||||||6,779,780|5,404,546|
||The number
ofemployees|whose annual|remuneration|was more than f60,000|||
||is as follows:||||||
||||||2023|2022|
||||||Number|Number|
||f60,001 to E?0,000||||||
||680,001 to 890,000||||||
||F90,001 tof100,000||||||
|12|Taxa'tion||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The charity|is exempt|from tax on|income and gains|falling|within section 505 ofthe||Taxes Act|'I988|or section|
||252 ofthe Taxationof Chargeable|||Gains Act 1992to|the extent that||these are applied|to its charitable||objects.|
|13|Tangible fixed assets||||||||||
||||||Freehold/lease||Property|ITprojects||Total|
||||||hold|buildings|Improvements||||
||Cost||||||||||
||At 1 April 2022||||1,386,066||1,352,451|577,691||3,316,208|
||Additions||||||47,809|37,015||84,824|
||Disposals||||||(6,665)|(762)||(7,427)|
||At 31 March|2023|||1,386,066||1,393,595|613,944||3,393,605|
||Depreciation
and impairment||||||||||
||At 1 April 2022|||||741,980|280,892|486,473||1,509,345|
||Depreciation|charged|in the year|||21,813|43,647|37,594||103,054|
||At 31 March|2023||||763,793|324,539|524,067||1,612,399|
||Carrying
amount||||||||||
||At 31 March|2023||||622,273|1,069,056|89,877||1,781,206|
||At 31 March|2022||||644,086|1,071,559|91,220||1,806,865|
##
##
##
##
|Debtors|||||
|---|---|---|---|---|
||||2023|2022|
|Amounts
falling due||within one year:||f.|
|Trade debtors|||844,776|1,453,844|
|Other debtors|||193,116|78,654|
|Prepayments|and accrued income||300,181|252,604|
||||1,338,073|1,785,102|
|Creditors: amounts||falling due within one year|||
||||2023|2022|
|Other taxation|and social security||164,545|161,242|
|Trade creditors|||154,630|160,799|
|Other creditors|||59,197|3,208|
|Accruals and|deferred|income|507,669|609,180|
||||886,041|934,429|
##
##
##
##
##
|16|Retirement
benefit schemes|||(Continued)|
|---|---|---|---|---|
||Key assumptions||||
||||2023|2022|
||Discount rate||4.8|2.6|
||Expected rate of increase of pensions|in payment|2.9|3.3|
||Expected rate of salary increases||2.9|3.3|
##
||||2023|2022|
|---|---|---|---|---|
||||Years|Years|
|Retiring|today||||
|- Males|||21.1|21.2|
|—Females|||24.1|23.8|
|Retiring|in 20 years||||
|—Males||||22.0|
|—Females|||||
||||2023|2022|
||||f.|K|
|Present|value ofdefined|benefit obligations|2,850,000|3,174,000|
|Fair value of plan assets|||(2,850,000)|(3,174,000)|
|Deficit|in scheme||||
|||||2023|
|Liabilities at 1 April 2022||||2,249,000|
|Surplus|in scheme|||601,000|
##
##
##
##
||||||||2023|
|---|---|---|---|---|---|---|---|
|Fair|value|ofassets|at|31|March|2023|2,850,000|
||2023|2022|
|---|---|---|
|||R|
|Equity instruments|2,012,000|2,338,000|
|Property|458,000|265,000|
|Bonds|346,000|510,000|
|Cash|34,000|61,000|
||2,850,000|3,174,000|
##
##
##
|The income funds ofthe charily|The income funds ofthe charily|The income funds ofthe charily|The income funds ofthe charily|include|restricted|funds comprising|the following|the following|unexpended|unexpended|balances|ofdonations|and grants
held on trust for|and grants
held on trust for|specific purposes:|specific purposes:|specific purposes:|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Movement||in funds|||llllovement||||
|||||||Balance at||Incoming||Resources||Transfers|Balance at|Incoming|Resources||Balance at|
|||||||1 April 2021||resources||expended|||1 April 2022|resources|expended|31|March 2023|
||||||||6||||||6|||||
|The National|Lotteries|Charities||Grant|||93,804|||||(93,804)||||||
|Allotment
Project||||||||||||||||||
|Art Stlirlia|||||||(7,513)||||||(7,513)||||(7,513)|
|Drama Praject|||||||5,046||||(1,100)||3,946||||3,946|
|Friendship
Project- Bnghtan|||8, Hove||||34,779||10,628|(29,046)|||16,361|9,627|(28,305)||(2,317)|
|Open Market|Project||||||(7,172)||9,231||(7,137)||(5,078)|10,175|(9,998)||(4,901)|
|Shared
Lives|16+||||||6,107||||||6,107||||6,107|
|Sharing
Our|Voices||||||1,638||19,880|(21,518)||||||||
|Sport Other (Football,||Swimming,||Tennis)|||5,234||||(3,060)||2,174|1,584|(6,630)||(2,872)|
|Theatre Refurbishment|||||||(1,778)|||||1,778||||||
|Travel Buddy|||||||46,785||73,988|(75,543)|||45,230|41,776|(72,119)||14,887|
|Work Buddy|||||||7,289||8,111||||15,400|1,547|||16,947|
|Lets Work Together|||||||||24,077|(24,077)||||||||
|Walsingham|Rd Centre Refurbishment||||Project||2,284|||||(2,284)||1,980|||1,980|
|||||||186,504||145,915||(161,482)||(94,310)|76,627|66,689|(117,052)||26,264|
##
##
##
##
|||||Movement|in funds|||
|---|---|---|---|---|---|---|---|
||Baiance at|Transfers|Balance at|Incoming|Resources||Balance at|
||1 April 2021
f.||1 April 2022
f|resources|expended|31|Sllarch 2023|
|Big Build|1,344,122|{344,122)|1,000,000|24,731|(33,553)||991,178|
|New Ideas||50,000|50,000||{2,053)||47,947|
|Fundraising/Marketing||||||||
|Initiative|195,000|(195,000)||||||
||1,539,122|(489,122)|1,050,000|24,731|(35,606)||1,039,125|
##
|19|Analysis ofnst assets between funds|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Total|Unrestricted|Designated|Restricted|Total|
|||funds|funds|funds||funds|funds|funds||
|||2023|2023|2023|2023|2022|2022|2022|2022|
||||f|||6|E|6|8|
||Fund balances at 31 March 2023are represented|||||||||
||by:|||||||||
||Tangible assets|1,781,206|||1,781,206|1,806,865|||1,806,865|
||Current assets/(liabilities)|771,285|1,039,125|26,264|1,836,674|618,561|1,050,000|76,627|1,745,188|
|||2,552,491|1,039,125|26,264|3,617,880|2,425,426|1,050,000|76,627|3,552,053|
##
##
##
||2023|2022|
|---|---|---|
||E||
|Within one year|238,316|70,142|
|Between two and five years|102,878|40,712|
|In over five years||64,943|
||341,194|175,797|
##
||||||||||2023||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||K||
||Surplus
for|the year|||||||65,827|256,399|
||Adjustments|for:|||||||||
||Investment|income recognised|||in statement||offinancial|activities|(2,399)|(410)|
||Depreciation|and impairment||oftangible||fixed assets|||103,054|102,309|
||Movements|in working|capital:||||||||
||Decrease
in debtors||||||||447,031|25,307|
||(Decrease)|in creditors|||||||(48,388)|(51,238)|
||Cash generated
from||operations||||||565,125|332,367|
|23|Analysis ofchanges||in net funds||||||||
||The charity|had no debt during|||the year.||||||