2024-03-31-accounts

Charity Registration No. 1020192 Company Registration No. 02806429 (England and Wales) The Grace Eyre Foundation Consolidated Report and Financial Statements for year ended 31 March 2024

THE GRACE EYRE FOUNDATION CONTENTS Page Company information Trustees, report 4-16 Statement of Trustees, responsibilities Independent auditols report 17 18-21 Statement of financial activities 22-23 Balance sheet 24 ststement of cash flows 25 Notes to the financial ststements 2643 li

THE GRACE EYRE FOUNDATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered OfficelAddress: 36 Montefiore Road, Hove, East Sussex, BN3 6EP Bankers: Barclays Bank PLC 139-142 North Street Brighton East Sussex, BN11RU Independent Auditor8: TC Group One Bell Lane Lewes East Sussex BN7 1JU Legal Advisors: DMH Stallard 47 Old Steine, Brighton East Sussex, BN11NW Company No: 02806429 Charity Registration No: 1020192 Secretaryl Chief Executive Officer: Eva Eriksson TrusteeslDirectorn: Elisabeth Corbishley- Chair Anna Cooley-Greene- Deputy Chair Peter Begley - Treasurer Kirsty Pentecost Simon Owen Samantha Boast Daniel Parsonage Stuart Leaney Stephanie Smith Josh Puglia Lisa Ryan - joined 1510912023 Baldeep Dhol - joined 1510912023 Mark Blake - joined 3110512024 Andrew Horne -joined 3110512024 Lenna Cumberbatch - resigned 1610712024 Camilla Gauge - resigned 1610512024

TRUSTEES REPORT The Trustees have pleasure in presenting their report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial ststements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT The Grace Eyre Foundation is a charitable company limited by guarantee, incorporated on 2 April 1993 and registered with the Charity Commission on 23 April 1993. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. The governing document of the organisation is its Articles of Association. The skills and knowledge of the Trustees, who also act as Directors of the Company, were reviewed during the year by the Chair, Liv Corbishley to identify gaps with a view to ensuring that the Trustee body has an appropriate range of relevant skills and experience. Four new trustees were Co-opted during the year. Trustees were recruited through a recruitment agency as well as local advertising. Once recruited, trustees are undertaking an induction consisting of visits and discussions with all services, managers and people who use our servI￿s. Ongoing training in the role of trustee is undertaken during the year. The charty is committed to ensuring that the Vol￿ of people with a learning disability andlor autistic people is reflected in decisions made by the board of trustees. Four of the trustees have lived experience, and a tsrget has been set of having five trustees with learning disabilities andlor autistic people by 2025. The Trustees reinstated the subsidiary of Gra￿ Eyre Housing CIC in order to claim back £78,610 from the Treasury belonging to the charity. This was completed and the CIC was dissolved again on 30th April 2024. The committee structure remains the same with three committees. The Big Build Committee is overseeing the Montefiore Road refurbishment work. We also maintained the Audit & Risk Committee and a Remuneration Committee. The committees support the work of the Board of Trustees. Trustees have undertaken training throughout the year and have explored the Charity Governance Code at each of their meetings to ensure Trustees fully understand their role and purpose. The Trustees have in place Pro￿sseS for decisions in relation to the charity's finances, human and other reSoUr￿S including setting the annual budget and deciding on major financial commitments, the strategic plan - Our Plan 2020-2027, the risk management plan, Health & Safety, and other major policies and procedures. The Trustees have monitored the implementation of the current strategic plan. The Trustees are satisfied that, considering the impact of the Covid Pandemic, the charity has achieved some of what it set out in the first four years of the plan, and have added some new objectives and reviewed targets, risks and timescales to ensure we have a clear plan to manage the volatile financial environment we find ourselves in post the covid pandemic. Further reviews of the remaining three years of the

strategic plan will be undertaken annually by the Trustees as well as re￿Iving regular updates through key performance indicators (KPIS). The Trustees have noted some of the difficulties fa￿d by the charity regarding the post pandemic situation with high inflation, cost of living crisis and the war in Ukraine. It has been noted that our day ServI￿S which have had to close for long periods are now beginning to recover with just over 50 % of attendees retuming this year. Our Shared Lives scheme is continuing to face contractual and fee challenges, and this is being monitored closely by the Audit & Risk Committee at each of their meetings. Chol￿S supported living and outreach ServI￿S have been doing very well and have grown significantly with the addition of new contracts. It was noted that low fee income from local authorities continues to pla￿ real difficulties in recruiting and retaining staff however we continue to support the real living wage. PUBLIC BENEFIT In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties as set out in section 17(5) of the Charities Act 2011 to have due regard to public benefrt. In particular, the Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set. The Trustees believe that the following paragraphs on the vision, mission and the Charter developed by people with a learning disability andlor autistic people, relate in detail to the benefit that the charity provides to the public. PURPOSE, CHARTER, VISION, MISSION AND VALUES The principal objective of the Gra￿ Eyre Foundation is to support and assist people with learning disabilities, mental health needs, physical or sensory disabilities. old age or any other similar support need by arranging, providing or assisting in providing accommodation, employment, education, training, recreation, occupational activities and similar service. Our Charter

Our Charter is about living our lives in the way we want to, getting support from kind and friendly people: Our Charter 1. We want to be listened to. 2. We want to be part of ¢)ur communities. 3. We want to have strong and supported relalionships. 4. We want lo have good housing. 5. We want jobs. 6. We want to travel around where we live. 7. We want lo try new things. 8. We want lo be healthy Our Vision For a society where people with learning disabilities andlor autism can fulfil their dreams and wishes, are respected as equal citizens and are part of and contribute to their communities. Our Vision

Our Mission We will work towards delivering Our Charter, created by people with learning disabilities and/or autism who want to: be listened to; have access to housing; be part of their communities; have strong and supported relationships; have jobs; travel around; try new things and to be healthy. Our Mission Our Values We(coming Everyone invito<l Encouraglng In it togcihcr Pioneering Aiming high Joyful Celebratory Having lull Sharing succe55 DUEJrau THE FOCUS OF OUR WORK The Gra￿ Eyre Foundation supports people with a learning disability and autistic people through four key services: Active Lives, Shared Lives, Choices, and Grace Eyre Housing. In addition, the four services are supported by 'Our Voices, which is headed up by an Inclusion & Projects Director and a team of people with lived experience that are working towards Gra￿ Eyre being led by people with learning disabilities andlor autistic people. Active Lives has been successful in re-opening its servI￿s. By March 2024, 102 individuals returned to activities delivered as part of the building-based support and our projects such as Travel Buddy Project and Employment Project. Ongoing discussions with Commissioners, Brighton & Hove City Council have taken place in order to ensure adequate and affordable provision of day activities are available to people with a learning disability and autistic people within the City of Brighton & Hove.

The two projects of Travel Buddy and the Employment Project have been reviewed during the year and some changes made. The Travel Buddy Project have been successful in delivering a home to school pilot project in Brighton & Hove and are working closely with schools in the local area to raise awareness of the importance of travel skills for younger adults. The employment project has managed to keep going with some smaller grants. A new Project - On-Line Gallery has been started with a small grant from Brighton & Hove City Council with the aim of showcasing and selling art from marginalised artists with a leaming disability andlor autistic people. Shared Lives supports 67 people with a learning disability, autistic people, and mental health needs, matching individuals with 48 paid carers so that they can live and participate in the community and provide ongoing support. We continue to work with over 15 local authorities through this service. Shared Lives have reviewed its services and has diversified its offering such as 'Shared Lives Local, (people supported by self*mployed carers living nearby) and 'HomeShare' (where a person with a larger property shares with a person for redU￿d rent and in return supports the individual with some light housework etc.). The aim going forward is to break even financially by 2027. Choices support 255 individuals and offer two types of Servi￿S. supported living and community outreach support to individuals, with a flexible service varying from 24-hour daily support to 1- 20 hours of support per week. The charity took on two new contracts during the year and are successfully delivering high quality supported living and community outreach services across Brighton & Hove and West Sussex. We also opened 'The Reach, which is a drop-in service that supports over 40 individuals with home visits, activities in the drop-in and is available Monday- Friday during the day. Grace Eyre Housing has 142 bedspa￿S across Brighton & Hove and West Sussex. They act as the landlord for people with a learning disability, autistic people and people with mental health needs living in their own accommodation. Gra￿ Eyre Housing has experienced significant challenges during the year due to private landlords either selling up or giving notice on our leases, mainly because of interest rates going up and the shortage of affordable accommodation in Brighton & Hove. Over 40 individuals with a learning disability have been re-housed to date by the charity consequently. This has also resulted in no growth in Housing. Our Voices Our Voices currently has 11 staff members, an Inclusion and Project Director, a Head of servi￿ for Our Voices, a Project Worker, two Our Vol￿S Coordinators, an Easy Read Officer, Quality Checking Team and an Events Team. They have 15 volunteer 'Ambassadors'. Here are some of the things Our Voices did during the year: Organised regular ambassador meetings in Chichester, Littlehampton, Worthing and Crawley and Brighton & Hove The ambassadors ran 2 Have Your Say Forums where people from Chol￿S and Shared Lives attended. The Charter themes covered were 'Being Listened To, and 'Being Part of Our Community, Organised 12 Easy Read Drop-in meetings, where they feedback on 14 documents, including documents for Team Domenica and Speak Out Organised 11 events team meetings, 8 training sessions, 2 workshops and one team building forum Attending the quarterly Active Lives User Involvement meeting where we listen to what people want from their ServI￿S Speak Out and Ambassadors are attending each otherfs meetings every 3 months to keep a direct link.

Presented our Trustee Training at the Learning Disability Provider Forum for Brighton and Hove Council A staff neurodiversity forum was set up to support staff at Grace Eyre Purple Productions had 19 Events in all, Purple Clubhouse had 9 events which also now includes the Purple Chill out zone for sensory support, we now host a monthly PuTple Karaoke night, we ran 2 special Hallowe'en events including our first ever Haunted House and 2 big Christmas events, plus a Christmas spa￿ Hire. Organised and ran the Grace Eyre, Unity, Heart Venture and Carousel Pre-Pride Disco and celebrated Pride by being in the Parade, with our theme: Equal, Able, Sexual Co-ran an accessible election husting with Speak Out, so people could come and meet people running for local council. There were some excellent questions asked - including about scrapping care contributions! We teamed up with Speak Out to run a Know Your Voting Rights event, where ambassadors presented, and people leamt about their voting rights. The ambassadors attended an Empower Workshop which was training delivered by a civil servant on how people with a Learning Disability can be more involved in UK Government Attended the Ability Fair at the Job Centre to talk to people with a Learning Disability about getting a job and advertising the Quality Checker role Delivered autism training to the Active Lives team. We now deliver an Our Vol￿S introduction as part of the Welcome Day for new staff The ambassadors ran our AGM, with making speeches and videos on the Our Voices team showing ENSURING OUR WORK DELIVERS GOOD OUTCOMES Our aims and outcomes are captured in Grace Eyre's Strategic Plan for 2020 - 2027 - known as "Our Plan. which sets the direction for all our work. "Our Plan" is reviewed annually with input frorn people who use our services, staff, and trustees. In the review, we identify what we have achieved and the outcomes of our work in the previous year. The review looks at the performan￿ of each key activity and identifies benefits achieved as well as issues to be addressed in the coming year. The review process helps us ensure our aims, objectives, and activities remain focused on our stated purpose. Tho overarching aim of the strategy is to build a growing, financially strong, and high-qualty organisation that listens to and is led by people with learning disabilities andlor autistic people. What we want to achieve Finances and servi￿s. We will be financially sustainable We will achieve full cost recovery for Shared Lives by 2027 and maintain full cost recovery for Choices, Housing and Active Lives. We will achieve fundraised income to support our key projects and for the Big Build We will achieve trading income to ensure we can deliver good housing and two trading projects We will ensure people with a learning disability and autistic people are employed in our communities.

Qualty and Improvement; Governance: We will continue to develop the Quality Management Framework for chol￿s, Active Lives, Shared Lives and Housing by introducing Quality Checkers We are improving our use of technology to support staff and the people we support We will monitor, evaluate and report on our impact so we can measure the impact we make We will improve Board performance by supporting trustees with lived experien￿ and ensure reporting is easy read and supported by detailed annexes by 2025 We will measure trustee involvement by 'volunteer hours,. Equality, Diversity and Inclusion; Workforce. Through our Inclusion Strategy, we will be stronger by listening to people with learning disabilities and autistic people and reflecting on the Sussex communities we engage with We will remain an employer of choice by our staff by 2027 We will develop a Volunteer Strategy and will recruit and support volunteers. Partnerships and Sustainability" We will harness the power of partnerships to achieve more We are reducing our environmental footprint ACHIEVEMENTS AND IMPACT Finances and Services Overall, the organisation achieved a deficit of £374,931 which represents a 3.3 % loss position. We have reviewed and looked at options for our loss-making ServI￿S with the two main losses occurring in Housing and Shared Lives this year. Housing saw instability amongst our private landlords and because of inflation, rate increases and shortage of properties for rent, we had to re-house over 20 individuals. Housing managed this with minimal disruption to tenants but were unable to grow as predicted. Shared Lives continues to recover from the pandemic which saw few referrals from local authorities. A thorough review of options has taken place. and a plan is in place of reducing the losses in Shared Lives to zero by 2027. The main reason for the loss position has been the difficulties in recruitment and subsequently having to use agency staff which costs up to 60 % higher than our own staff costs. A Recruitment lead has been employed now for 18 months and this has improved the situation; we went from 14.3 % vacancy rate in October 2022 (Skills for Care - 11.2 /0 nationally), to 5.5°/0 in March 2023 (Skills for Care - 10.5 % nationally) and 60/0 in March 2024 (Skills for Care 8.30/0 nationally which is 3 times higher than the wider economy). 10

Finance and Services Objective Target by 2027 March 2024 On Track? Financially Sustainable 1.5 % Profit Action Plan in pla On track Cash of£1m 10% Overheads On track Full Cost Recovery Shared Lives 1.5 % Profit by 2027 o.n track On track Fundraising Income to support the Big Build and Key Projects Big Build £1.3m £876,859 Progressing Fundraising 5 % total income 1.34¥0 Progressing Trading income to ensure Good Housing and Trading Companies 20 % of income from trading On track Two trading companies set up Fundraising for Wl 1 £98,836 employment project £300k Online Galle On track Employment for All Progressing Support 100 people 62 to jobs, volunteer or training Progressing Quality and Improvement: Governance Objective Target by 2027 March 2024 On Track? Use of Technology Quality Checks for all services Recruiting team Business Transformation Progressing Digital inclusion project Standardised reporting fotmat by 2025 On hold 20234 pending funding Progressing Outcomes and Impact Reporting - what differen￿ do we make?

Become User Led - Trustees with Lived Experience Five Trustees with lived experience, all reports easy read. Easy read templates and guidance in place, 4th Trustee being recruited Equality, Diversity and Inclusion. Workforce Objective Target March 2024 On Track? Equality, Diversity and Inclusion Strategy Implemented Staff forums set up 1 set up Progressing 20 % staff with lived experience People we support choosing their own staff. Progressing Progressing Report on diversity Pay gap reporting includes diversity and will continue to be enhanced. Employer of Choice Competitive rates of pay and benefits Vacancies are over target and staff turnover are within targets On track. IIP silver this year. Achieve IIP Gold by 2027 Volunteer Strategy Recruit 100 volunteers 30 New volunteer guidance and support in pla￿. On hold in 20234 Recruit a volunteer manager Partnerships and Sustsinability Objective Target March 2024 On Track? More Partnerships 6 formal partnerships On hold in 20234 Reduce Out Environmental Impact Big Build as green as possible We are applying for green funding for the build 12

Green Team set Progressing Waste reduction and recycling Progressing Management of i energy and utilities 100 % green energy used for Head Office Improve green spaces by setting up a horticultural project On hold in 20234 13

RISK MANAGEMENT At their Audit & Risk Committee meeting and as part of the Our Plan review, the Trustees debated and considered major risks affecting the charity. The principal risks and uncertainties facing the charity, as identified by the trustees are: rfx Top 5 Risks to the Organisation Risk What are we doing to reduce the risk? INCOME- local authority fee levels- are inadequate to ensure sufficient income to make a surplus. Ongoing negotiations with local authorities, divetsification of income, innovation and consider partnerships and mergers. EXPENDITURE- POOT control of costs Business partners working closely with budget holders, increased monitoring through management accounts. Senior manage￿ have been tasked with making savings where possible. Reviewed stsffing levels for all ServI￿S as part of the budget and frozen some head office posts. Renegotiating some key contracts e.g. mobile phones. CYBER CRIME e.g., Ransomware, loss of systems IT is in-house. Training is held around cyber security, New training plan being developed. Working for cyber essential accreditation. THE BIG BUILD- unable to proceed resulting in loss of reputation and premises that are costly and not fit for purpose We have a project manager in place who has developed a project execution plan. Design team meets fortnightly, executive team meets monthly, big build committee meets regularly, and cost plan has been updated by Triodos Bank. SAFEGUARDING- reputational damage leading to loss of contracts and downgrading by regulators. Safeguarding Leads by Director and Trustee, safer recruitment, higher salaries, mandatory training, serous incident reviews, whistleblowing and code of conduct for staff and lessons learnt. 14

Issues in relation to new business and the Risk Management Plan are managed on a day-tO- day basis by the Chief Executive and the Executive Team and monitored by the Audit & Risk Committee which reports to the Board of Trustees. As a charity, Grace Eyre closely monitors developments in both local and national policy. In recent years, significant changes have been required in how ServI￿S for people with a learning disability or autistic people are delivered. We are fully committed to the emphasis on a person-centered approach with increased involvement of individuals who use our services and their family carers in all aspects of service design and provision. Locally, in Brighton & Hove and West Sussex, the organisation has been closely involved in the Learning Disability Partnership Board (or equivalent) and Provider Forums which has proved invaluable in establishing joint working and in planning future services. The Charity employs a Chief Executive, Eva Eriksson, who with the Executive Team of Naomi Cox, Julie Rossiter, Jane Bettany. Nathaniel Lawford, Chris Hill and Russell Jordan manages the charity's operations on a day-to4ay basis. FUTURE PLANS The charity will continue to build our financial sustainability and continue to strengthen our values and culture. We believe that these key areas will support the aims in Our Plan 2020- 2027: Big Build- Refurbishment of Our Headquarters in Montefiore Road: Our fundraising will continue to build on our achievements so far and we aim to raise £1.3 million from trusts and foundations, individual donations and a community campaign being undertaken during 2024. We will conclude the design phase and raise the business loan needed to start the building works during 2024125. Our Head Office and Active Lives - day opportunities will move to new premises during the build. Financial Resilience: Ensure all our services are profitable and can produce a minimum of 1.5 % surplus. Ensure our budget managers can control their costs as agreed in our budget. Continue to grow our ser¢i￿S and keep overhead costs to 100/0 Business Transformation: Build our use of technology to ensure a better quality of life for the people we support and increase efficiencies to be able to have timely and accurate reporting to the board of trustees and all our managers. To embed new HR, Care Management and Fundraisinglmarketing software, to build on the use of InForm for Housing, and research the best accounting system for the charity. 15

FUNDRAISING We continue to invest in a fundraising team within our Income Generation Directorate to help diversify our income as well as support fundraising for the Big Build. All fundraising activities at The Grace Eyre Foundation are undertaken in accordance with Charities (Protection and Social Investment) Act 2016 section 13. All fundraising activities are carried out by staff employed directly by Grace Eyre. We do not undertake any direct fundraising activities such as door-to-door, private site or street based fundraising activities. The Grace Eyre Foundation is voluntarily registered with the Fundraising Regulator and practices its fundraising activities within the regulator's Code of Fundraising Practi￿. Senior fundraising staff are members of the institute of fundraising and abide to its complian framework. There have been no InStan￿S of failure to comply with Fundraiser Regulatory standards and O complaints have been received since our registration with them. Fundraising staff and volunteers adhere to the Association's Ethical Fundraising Policy and relevant safeguarding policies to ensure vulnerable people are protected. FINANCIAL REVIEW Against the backdrop of inflation, interest rates hikes, the cost-of-living crisis, the war in Ukraine, service levels still recovering from the pandemic, and uncertainties over the future fvnding of servI￿s, Grace Eyre Foundation made a loss of £374,931 i n 2023124 compared to a surplus of £65,827 in 2022123. Successful actions have been taken to turn this around in 2024125 including looking at costs, such as renegotiating big contracts, growth, and diversifying income. INVESTMENT POLICY Funds that are surplus to current working requirements are invested in cash deposit accounts with major banks or similar financial institutions. Investments are reviewed periodically by the Trustees to maximise retums and maintain capital value. RESERVES POLICY Gra￿ Eyre sets its reserves target based on a risk assessment. The risk-based reserves policy is designed to ensure that Grace Eyre has sufficient financial resources to meet its objectives while maintaining financial stability, considering the specific risks facing the organisation. The reserves target is reviewed annually by the Board of Trustees to ensure that it remains appropriate. The reserve requirement is calculated as follows: Total funds Less fixed assets Less restricted funds Total free reserves Reserves policy minimum target 3,242,949 1,757,713 1419 365 750,000 The level of reserves is currently slightly above Gra￿ Eyre's target level as we are building re*rves up ready for investment in the Big Build project in 2025. 16

AUDITOR In accordan￿ with the company's articles, a resolution proposing that TC Group be reappointed as auditor of the company will be put to the Annual General Meeting. DISCLOSURE OF INFORMA TION TO AUDITOR Each of the trustees has confirmed that there is no information of which they are aware which is ￿levant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The Trustees, report was approved by the Board of Trustees on 1 Oth October 2024. Elisabeth Corbishley - Chair Peter Begley- Treasurer Trustee Trustee Date.......... 17

STA TEMENT OF TRUSTEES RESPONSIBILITIES The Trustees, who a￿ also the directors of The Grace Eyre Foundation for the purpose of company law, are responsible for preparing the Trustees, Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of r&ources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 18

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE GRACE EYRE FOUNDATION Opinion We have audited the financial statements of The Grace Eyre Foundation (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balan￿ sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordan￿ with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where: the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. 19

Other infomiation The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, ex￿pt to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the Trustees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial statements; and the directors, report included within the Trustees, report has been prepared in accordance with applicable legal requirements. atters on which we are required to report by exception In the light of the knowledge and understsnding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been re￿iVed from branches not visited by us; or the financial statements are not in agr￿ment with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit: or the trustees were not entitled to prepare the financial statements in accordan￿ with the small companies, regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a strategic report. 20

Responsibilities of trustees As explained more fully in the statement of Trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going COn￿rn, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audito¢s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: obtained an understanding of the nature of the sector, including the legal and regulatory framework that the charitable company operates in and how the charitable company complies with the legal and regulatory framework; inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud; and discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. As a result of these procedures, we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, Charities SORP (FRS 102), Companies Act 2006, Charities Act 2011, the charitable company's governing document, tax legislation and Charities (Protection and Social Investment) Act 2016. We performed audit procedures to detect non-compllan￿S which may have a material impact on the financial statements which included reviewing the financial statements, including the Trustees, report, and remaining alert to new or unusual transactions which may not be in accordan￿ with the governing document. The most significant laws and regulations that have an indirect impact on the financial statements are employment law, health and safety regulations and the UK General Data 21

Protection Regulation (UK GDPR). We performed audit prO￿d￿reS to inquire of management and those charged with governance whether the charitable company is in compliance with these laws and regulations and inspected correspondence with regulatory authorities. We identified the risk of management override of controls as the area where the financial statements were most sUs￿Ptib1e to material misstatement due to fraud. Audit procedures performed included, but were not limited to, testing manual journal entries and other adjustments, evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business and challenging judgments and estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional Con￿alment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at: htt s:IIv¥WW.frc.or .ukl auditors responsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not aC￿p1 or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. David Martin FCA (Senior Ststutory Auditor) for and on behalf of TC Group ststutory Auditor Office: Lewes 22

THE GRACE EYRE FOUNDATION STATEMENT OF FINANCIALAcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financlal year Unrestrlcted Unrestricted Restrfcted funds funds general Deslgnatsd Total Totsl 2024 2024 2024 2024 2023 Notes Incorne from: Donations and legacies Charilable activits'es Other trading adivities Investments 16.886 11.163,877 66.797 12,896 107,902 124,788 471 11,164,348 66,797 12,896 167,815 10.362,786 42,323 2,399 Total income 11.260,456 108,373 11,368,829 10.575.323 Raising funds 137,187 137,471 128,6C6 Charitable activities 11.520.204 86,085 11.606.289 10,380,890 Totsl expenditurg 11,657,391 86,369 11,743,7 10,509,4 Net (outgolng)Ilncomlng resource bèfore tran8fers (3￿,935) 22,004 (374.931) 65.827 Gross transfers belween funds 1,021,522 (1.039.125) 17.603 Net Income for the yearl Net movement in funds 624,587 (1.039,125) 39,607 (374.931) 65,827 Fund balances at 1 April 2023 2.552.491 1,039,125 26.264 3,617,880 3.552,053 Fund balances at 31 March 2024 3,177,078 85.871 3,242,949 3,617,880 The ststement of financial activities includes all gains and losses recognised in the year. The ststement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 23

THE GRACE EYRE FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financlal year Unrestricted Unrestrlcted Restricted funds funds funds general Deslgnated Total 2023 2023 2023 2023 Notes com Donations and legaaes Charitable activities Other trading activities Investments 100,219 10.362,786 18,498 2,399 906 66.690 167,815 10,362,786 42.323 2,399 23,825 Total Income 10.483,902 24,731 66,690 10,575,323 Ex nditure on: Raising funds 126,218 2,388 128,806 Charitable activities 10,230,619 35,6C6 114,665 10,380,8 Total expenditure 10.356.837 35.606 117,053 10.509,496 Not Income for the yearl Net movement In funds 127,065 (10,875) (50,363) 65,827 Fund balances at 1 April 2022 2,425,428 1,050,000 76,627 3,552,053 Fund balances at 31 Ma￿h 2023 2,552.491 1,039,125 26,264 3.617,880 24

THE GRACE EYRE FOUNDATION BALANCE SHEEr ASAT31 MARCH2024 2024 2023 Notes Flxod assets Tangible assets 14 1,757,713 1,781,206 Current assets Debtors Cash at bank and in hand 15 1.373.394 920,267 1,338,073 1,384,642 2,293,661 2,722,715 Creditors: amounts falling due within one year 16 {808.425) (886,041) Net ￿rrent assets 1,485,236 1.836,674 Totsl assets less current liabilities 3,242,949 3,617,880 Income funds Restricted funds ricte funds 19 65,871 26,264 Designated funds General unreslri¢ted funds Revaluation reserv8 18 1,039,125 2,372,947 179.544 2,997,534 179,544 3,177,078 3,591,616 3,242.949 3,617,880 The financial statements were approved by the Trustees on 1 Oth October 2024 Elisabeth Corbishley - Chair Truste8 Peter Begley - Treasurer Trustse Company registration number 02806429 25

THE GRACE EYRE FOUNDATION STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatlng activili Cash (absorbed by)Igenerated from operations 24 (396.197) 565.126 Investing activitios Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets (81,074) (84,824) 7,427 Investment income received 12.896 2,399 Net cash usèd in investing activltles (68,178) <74,998) Net cash used in financing actlvltles Net {d￿reaSe)rIncrease In cash and c08h equivalents (464,375) 490,127 Cash and cash equivalents at beginning of year 1,384,642 894.515 Cash and cash equlvalents at end of year 920.267 1,384,642 26

THE GRACE EYRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information The Grace Eyre Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 36 Montefiore Rd, Hove, East Sussex, BN3 6EP. 1.1 Accounting conv8ntion These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), 'Accounting and Reporting by Charities'1he Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements have been prepared under the historical cost convention. The principal a￿oUntIng policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performan conditions h￿e been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On￿ the charity has been notified of the donation, unless perfonnance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 27

THE GRACE EYRE FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic b￿efit to a third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dI[￿t costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributsble to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freeholdlleasehold buildings Propety Improvements IT projects Motor vehicles 40 years 15 years (or the lease length, whichever is shorter) 215 years 4 years The gain or loss arising on the disposal of an asset is determined as the differen￿ between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Existing land and buildings are capitalised at the cost of purchase, plus any incidental expenses incurred in the purchase. If Gra￿ Eyre undertakes a major building project, all directly attributable costs in(xJrred in bringing the asset into existence is capitalised. Furniture and equipment will be capitalised if the asset is intended for use of an on- going basis and costs over £1,000. 1.7 Impairnient of fixed assets A regular impaimient is undertaken of the fixed assets. At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the imFBirment loss (if any). 28

THE GRACE EYRE FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2024 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan￿ sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtor& and cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the pEsent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri￿ and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 29

THE GRACE EYRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are re￿ived. Tennination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgements Depreciation The charity exercises judgement to determine useful lives of property, plan and equipment. The assets are depreciated down to their residual values over their estimated useful lives. Key sources of estimation uncertainty Defined Benefit Pension Scheme The present value of the Local Government Pension Scheme defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost or income for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note 16, will impact the carying amount of the pension liability. 30

Charitable activities Charftable activltie$ Housini Totsl 2024 Charitsble actlvltles Houslni Total 2023 2024 2024 2023 Z023 Sale of goods Performance related grants Charitable rental income 471 471 968 968 9,163,231 9,163.231 8,500.098 8,500,098 1.912,528 1,912,528 88,118 1.767,376 1,767,376 Other income 88,118 94,344 9,251,820 1,912,528 11,164,348 8,595,410 1,767,376 10,362,786 Analysis byfund Unrestricted funds- general Restricted funds 9,251,349 471 1,912,528 11.163.877 471 8.595.410 1,767,376 10.362.786 9,251,820 1,912,528 11,164,348 8,595,410 1,767,376 10,362.786 5 Income from other trading activities Unrestrlcted Unrestrlrted Total Unrestricted Unre5trirted Total funds funds general Designated 2024 2024 funds funds general Designated 2023 2023 2024 2023 Fundraisin8 events Shop income 51,745 15,052 51,745 15,052 6.852 11,646 23,825 30,677 11.646 Other trading activitie5 66.797 66,797 18,498 23.825 42,323 34

Income from investments Unrestrirted Unrestricted funds funds 2024 2023 Interest receivable 12,896 2,399 Expenditure on raising funds Unrestricted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Fundra5sing and publicity Staging fundraising events Otherfundraising costs Staff costs 12,597 284 12,881 19,209 615 106.394 2,388 21,597 615 106,394 124.590 124,590 137,187 284 137,471 126,218 2,388 128,606 34

Charitsble activities Provlslon of Grace Eyre services Housln8 2024 2024 Total 2024 Provision of Grace Eyre services Houslng 2023 Totsl 2023 2023 Staff costs Depreciation and irnpairment Agency staff Care fees Registrdtions Food & provision5 Staff costs Consultants Motor & travel Hygiene & repairs Sessions Venue hlre Printin& postage stationery & advertising Rent 6,409,912 301,629 6,711,541 5,435,942 301,629 5,737,571 6,133 43,164 1,409.745 4.351 8,528 7,225 34.382 83,062 45,988 21,459 16,560 46,864 52,997 43,164 1,409,745 4,351 8,528 7,225 34,382 83,062 72,166 21,459 16,560 46,186 52,230 174.665 1,433,955 6,876 10,190 14,744 64,692 81,396 115,358 9,255 25,012 174,665 1,433,955 6,876 10,190 14,744 64,692 81,396 49,694 9,255 25,012 26,178 65,664 676 676 136,398 1,005,968 1,142,366 73,290 73,290 12,194 54,423 88,556 123,787 65,128 7,617 877,738 1,001,525 65,128 21,581 54,215 (97,753 Light & heat Rates Other housing costs Bad debt 42,229 88,556 13,964 54,215 {97,7531 8,313,067 1,511,424 9.824,491 7,411,244 1,359,396 8,770,640 Share of support Costs {see note 9) Share of governance costs {see note 91 1,646,182 1,646,182 1.576,186 1,576,186 135,616 135,616 34,064 34,064 10,094,865 1,511,424 11.606,289 9,021,494 1,359,396 10,380,890 Analysis by fund un￿strICted funds- general Unrestricted funds - Designated Restricted funds 10,008,780 1,511,424 11,520,204 8,871,223 1,359,396 10,230,619 35,606 114,665 35,606 114,665 86,085 86,085 10,094,865 1,511,424 11,606,289 9,021,494 1,359,396 10,380,890 Provision of services includes Active Lives, Shares Lives and Choices 34

Support costs allocated to activities 2024 2023 Staff costs Depreciation Recrultment Trainlng Staff costs Subscriptlons Cleaning, hygiene & consumables Communications IT costs Bank Cha￿e$ & Interest Printing, postage, stationery & advertisin8, Governan￿ costs 1,095,061 51,570 25,756 53,217 41,744 18,055 120,258 195,894 86,500 2,756 23,179 67,808 935,815 50,824 48,940 49,511 30,597 25,018 110,053 168,289 103,555 5,340 48,244 34,064 1,781,798 1,610,250 Analysed between: Charitable activities 1,781,798 1,610,250 10 Net movement in funds 2024 2023 The net movement in funds is stated after charging/(creditinEI: Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 14,700 104,567 12,250 103,054 11 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefrts frcrn the charity during the year. 34

12 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Charrtable activities Administration 304 11 276 li Total 315 287 Employment costs 2024 2023 Wages and salaries Social security costs Other penslon costs 7,007,256 583,878 340,058 5,969,791 521,985 288,004 7,931,192 6,779,780 The number of employees whose annual remuneration was more th a n£60,IJJ) is as follows: 2024 Number 2023 Number £60,001 to £70,000 £80,(J)I to £90,000 13 Taxation The charlty is exempt from taxation on Its actlvltles because all its income is applied for charitable purposes. 39

14 Tangible fixed assets leasehold Impro%*ments buildin Cost At l April 2023 Additions Disposals 1,386,066 1,393,595 16,145 613,944 36,730 166,656) 3.393,605 81,074 {66,656) 28,199 At 31 March 2024 1,386,066 1,409,740 584,018 28,199 3,408,023 Depreclatlon and impairment At l April 2023 Depreciation charged in the year Eliminated in respect of disposals 763,793 21,054 324,539 40,917 524,067 39,659 166,656) 1,612,399 104,567 166,6561 2,937 At 31 March 2024 784,847 365,456 497,070 2,937 1,650,310 Carrying amount At 31 March 2024 601.219 1,044,284 86,948 25,262 1,757,713 At 31 March 2023 622,273 1,069,056 89,877 1,781,206 The freehold property at Montefiore was revalued at £500,OIJ) in April 1997 and this value is trealed as the deemed cost. No depreclatlon is charged on the estimated value of land of £IOO,000 which is Included in the freehold property. 15 Debtors knounts fallin8 due within one year; Trade debtors Other debtors Prepayments and accrued income 962.998 126,291 284,105 844,776 193,116 300,181 1,373,394 1,338,073 39

16 Creditors: amounts falling due within one year 2024 2023 Other taxation and social securlty Trade creditors Other creditors Accruals and deferred income 198,599 134,148 47,878 427,800 164,545 154,630 59,197 507,669 808.425 886,041 17 Retirement benefit schemes Defined contribution schemes The charity operates a defined contribution penslon scheme for all qualifying employees. The asset5 of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £340,058 {2023- £288,004). Defined benefit schemes The Charty Ès one of several employin8 bodies included within the Local Government Pension Scheme (LGPSI which is admlnlstered by East Sussex County Council. The LGPS is a funded defined beneflt scheme, with assets held In separate trustee administered funds. Contributions to the scheme are determined by qualified actuaries on the basis of triennial valuations using the projected unit method. The scheme is a multi-employer pension scheme. The following information is based upon full attuarial valuations of the funds at 31 March 2023 by qualified independent actuaries for the entire East Sussex Council Pension Fund. Key assumpiiony 2024 2023 Dlscount rate Expected rate of increase of pensions in payment Expected rate of salary increases 4.95 39

17 Retirement benefit schemes (Continued) Mortality assumptions The post retirement mortality assumptions used to value the benefit obligation are based on the CMI 2022 model assuming longterm improvements of 2% p.a. The assumed life expectancies, based on the assumptions set out above. are set out in the table below: 2024 Years 2023 Years Retiring today Males Females 20.9 21.1 24.1 Retiring in 20 years Males Females 21.9 25.4 22.2 25.6 2024 2023 Present value of defined benefit obllgations Fair value of plan assets 3,063,000 2,850,000 (3,063,000) (2,850,000) Deficit in scheme 2024 Liabilities at l April 2023 Surplus in scheme 2,304,000 759,000 The penslon fund was transferred on l July 2017 from East Sussex County Council. The Council will cover any deficit in the pension fund up to that date. Any subsequent deficits will be covered by the charity. 2024 Fair value of assets at 31 March 2024 3,063,000 39

17 Retirement benefit schemes { Conti nued) Equity instruments Property Bonds Cash 2,103,000 461,000 456,000 43,000 2,012,OlXI 458,000 346,000 34,000 3,063,000 2,850,000 18 Unrestricted funds - Designated The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specrfic purposes. At l April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Big Build New Ideas 991,178 47,947 1991,178) 147,9471 1,039,125 11,039,125) Prevlous year: At l April 2022 Incomlng resources Resources expended Transfers At 31 March 2023 Big Build New Ideas 1,000,000 50,(M)O 24,731 {33,553) 12,053) 991,178 47,947 1,050,000 24,731 {35,606) 1,039,125 1,050,000 24,731 (35,6061 1,039,125 Designated funds are unrestricted funds that the trustees have designated towards funding for the Big Build and the New Ideas Fund {research and development). During the year the above funds have been d designated as approved by the Board of Trustees to improve the position of the free reserves as seen in the Trustees Report. 39

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I

THE GRACE EYRE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysis of net assets between funds Unrestricted Unrestrfrted funds funds General Designated 2024 2024 Restrirted funds Total 2024 2024 At 31 March 2024: Tangible assets Current assets/(liabilities) 1,757,713 1,419,365 1,757,713 1,485,236 65,871 3,177,078 65,871 3,242,949 Unrestricted Unrestrlrted funds funds 8eneral Designatsd 2023 2023 Restricted funds Total 2023 2023 At 31 March 2023: Tangible assets Current assets/{liabilitiesl 1,781,206 771,285 1,781,206 1,836,674 1,039,125 26,264 2,552,491 1,039,125 26,264 3,617,880 21 Operating lease commitments Lessee At the reporting end date, the charity had outstanding commitments for future minimum lease payments under non-cancellable operatlng leases, which fall due as follows: 2024 2023 Wlthin one year Between two and five years 102,878 3,163 238,316 102,878 106,041 341,194 43

THE GRACE EYRE FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Related party transactions Transactions with related parties During the yearthe charity entered into the following transattions With related partie5: Three Trustees received services from the charity during the year. These ServI￿S were received on the same terms as re￿iVed by other beneficiaries of the charity. 23 Analysis of changes in net funds The charity had no material debt during the year. 24 Cash aenerated from operations 2024 2023 (Deficit)/ Surplus for the year 1374,931) 65,829 Adjustments for: Investment income recoEnised in statement of financial activities Depreciation and impairment of tangible fixed assets 112,896) 104,567 (2,399) 103,054 Movements in working capital: (Increasel/decrease in debtors (Decrease) in creditors {35,321) {77,616) 447,029 {48,388) Cash labsorbed by)/generated from operatlons (396,197} 565,125 43