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

o o ￿ c*)
to c¢
T4 ￿ p4
rfj

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