REGISTERED COMPANY NUMBER: 3121688 (England and Wales) REGISTERED CHARITY NUMBER: 1052456 RT OF THE TRUSTEES AND FINANCIAL TATEME FOR TII YEAR ENDED ST MARCH 2024 OR COMMIINTTY BASE OMPANY LIMITED BY GUARANT Chai'iot House Limited Charter¢d Accountants and Siatiitory Auditor 44 Grand Parade Brighton BN2 9QA COMMUNITY BASE CONTENI3 OF THE FINANC AL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 PAge Repoi't of the Trustees Report of the Indepen(Jent Auditors 8 to 11 St4t¢m¢nt of Financial Activities 12 BAl#nce Sheet 13 10 14 Cash Flow Statement 15 Note8 to tlie Cash Flow Statement 16 Notes to tlie Flnfinclal Statements 17 to 26 Det#ilod Statement of FlnanciAI Activities 27 to 211 COMMUNITY BASK RF,PORT OF THE TRUSTCI ES FOR THE YEAR ENDED 31ST MARCH 2024 The triistees who are also direLrtors Df the cliarity for the purposes of the Coimpanies Act 2006, present their report with the tiiiancial statements of the ch￿lty for the year endd 31 sl March 2024. Tlie trustees have adopted tlie provisioiis of Accounting and Reporting by C,harities: Stateinent of Recommended Pra¢ti¢e applicable to ¢hariti¢s preparing their accounts. in accordance with the Financial Rewrting Standard applicoble in tlie UK aiid Republic of Ireland (PRS 102) (effective l January 2019), OMJECTIVES AND ACTIN'ITIES Objectives xims Commu11ity Bub¢'S 1995 memoKaiidum of assooiation states Community B&$e's objects as pyoinoting any ¢hAritablc purpose for the benefit of the inhabitants of Sussex and beyond without distin¢tion of sex, ra¢¢, disability. sexuality or political. i'eligious oi. other convictioiis by the provision of accomiy]odation and equipment and services to chariti¢s ond voluntary organisations engaged in the fiiTthering of charitable purposes." Since its. foundiiig,. Community Base's maiii activity has been the pi'ovision of good quality, affordable accommodation and associated services to cliarities aiid comniunity groups iii its ceiitral Bri8hion building. We liave also pi'ovided meeting Space and a range of free informatioii sei'vi¢es lo the looal community and voluntary se¢tor. Commiiiitty Base h&5 been iii full occupation since 1998 &iid has become a vital resource for tli¢ conimiinity of Brighton and Hove. Public benellt In shapitig our objectives and planning oiir activities for the y.ear. the Trustees have giveji consideration to the duties set oiit in section 17(5) of the Charities Act 2011 lo have due I'egard to public benefit. In particular, the Trustees have coi)sidered liow the planned activities will contribute to the overall aims aiid objectives that they have set. The Ti'ust¢es believe that pa]'asraphs, specificully oli the "Objectives and Activitie5" and "Achieveinents and Perforniance" for the year, relate in detAiI the benefit that the ¢harity pi'ovides to the public. Page I .oIKtVlUNITY BASE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 STRA TEGIC REPORT AehieveTn¢nt pertorjnance Charitxble gctivities c.ommunity Base is a charity providing a hoine for, and services to. conimunity and voluntary groups in Bi'ighton and Hove. We use income from atyordable rent and se￿iCeS to repay a mortgAge on our seven floor building in central Brighton and meet Olir running costs. In 202.3124 we provided ovei. 35 charities and cominunity groups with accommodation and over 200 such groups with meeting space as well as 50 charitable groLtps with a postal address. This year. as with all oi'gMnis&tions, tlie cost of living cri,%is has seen coiitinuing risii)g energy costs with our coiitractors passing those costs on alongside i'isii)g interest l'ates aff¢ctiiig the repayment ot. loans 45 has been the case in the last three years. To Gombat these rising costs we have conlinued to review Qui. contracts. Still in line with our commitinent to ciirul&v economy. We are also doing more fundiaisiiig and have developed a tundrAisiiig strategy which has already seen L5S win funding to inslall a n¢w heating sysiem. Despite these challenges Community Base still manages to offer low cost office spac¢ to enable our organisations to J'emain financial viable Rs well as keeping tli¢ building w¢ll maintaiiied, makiiig working conditions as comfortable as POSSkble foi. those on the front line of providing services for vulnerable people. There was no drop in o¢oupancy as expectsd and meeting rooin hire is healthy. Improvements to the website coiitiiiue lo mak¢ siire Ihat OLir seivices ar¢ a¢c¢ssibl¢ and tlie iiiforriiatinii provided clear and UP lo dat¥ and as a window to ComEnunity Brtsc's valuLs and activiÉi6s refll￿tCJ in our Th¢ory ol'chaiige. Community Base runs four online information Se￿ice$ - Brightoii and Hov¢ volunteer s¢arcli, Bi'ighton and Hove Job Search. Bi'ighton and Hove service searcli tthd Brighton aiid Hove venue search - that help people find local volunteer oppoi*uniliLs, access helplines and Gommuiiity services and get in touch with venues for hire Bri8hton & Hove Job Search is our niost POPLilai' seaych with I,700 Slibscribeis to the d&ily jobs email. Our reception provides infoiination Abolit groiips at Cominunity Base And many other matters ro the 8ener81 public. We publish an annual free copy of oui. poster giiide to local Sei'vices and distribute it wfftdely acros5 Brighton and Hove and throu8h OLir reception. Community Base is a150 the home of Brighton Soup, which showcnses small projects. These small projects coiild be future Users of Community Base's services and lielps to understand liow the landscapg iii the sertor is shifting in uncertain times. Cominunity B¥45e is a truly multicultiirul ¢oiMmunity centre. providii)g a hoine to groups offering real help lo local bla¢lc and minority ethnic Communities alonsside si'oups pi'ovidin8 serviGe5 to the wider Goininunity. Tlie friendly. supportive environineiit provided by Coinmunity Base allows a wide range of groups, large and sniAII, to work togethei,, sharing their expertise <￿d pi'ovidiiig much needed services. The diversity of these 5ervice.% I'efle¢ts th¢ variety of local ne¢d gi'oups are involved with hoin¢l¢ss peopl¢, people with l¢arnit)8 disabilities, bereaved people, carers, volunteers, refugees. ￿)n)munItY actiV15ts, travellers T4iid Inany otlier5. Community Base Is ¢oinmitled to ensurii)g the existence of a stroiig, ind¢pendent 8nd divei'se coinniunity aijd voluntary sector a5 an esseiitial elenient of a deinocratlc society. Community Base is also cominitted to i'educing its carboii footprii)t and has itduced its ettei'gy lis¢ by half over the last l O years as well as recycling as mucli &8 possible within tlie building. Page 2 COMMUNITY BA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 STRATEGIC REPORT Fin&nti#l review Fin8iici81 Position The net inconiing resources for the year Amoui)ted to £4,043 (2022: oiitgoing £18,381 Income increased sliglitly with Rental Income staying Ihe same as last year with the same discount as last year, but,room hire going up as the building reopened. Expenditure increased sli￿tlY. All re5erve5 al'e UnreblriLted, Included in tliese are a Designat¢d Fund of £IOO,000 and a Revaluat1011 Resei've of £2,763.142. The Designated Fund is set aside as emergiency closure resei've. 'fh¢ Revaluatioii Reserve arose on the revaluation of the property in 2018. Geiierdl funds now Stand at £488,047. There no R¢strioted funds. Investinejjt pollcy and objectives T17e Trustees have Considered the most appi'opriate policy for investing fui)ds and are continuing to nionitor the placement of fiinds. Reseiyes policy Coinii)unity Base holds financial reserves iii order to finance an'unexpecl¥(I dL'¢rLasc ii) rental i17come Rn unexpected inGI'ease in running ¢vsls capital expeiiditure to cnsLire the maiiitenaiice of our building and facilities ali ordered and propel, windin¥ up of C.ommuiiity Base should the need arise, 1¢ is thc policy of Conimunity Base to maintain imniediately a¢¢essible I'esetves o*" between thi'ee aiid six months rgvenue expenditure. Community Base will ensure that all biidgets will allow for the building and rnaintcnance of reserves in accordance with this policy. Coininunity Base will i'¢view its reserve5 and its I'eseives policy at leasl every C￿lLnd￿r year. Variations to this policy, for whatever reason, will be identified and recorded, .PrineipAI iY81<$ and uncertainties The trustees review risks to whic11 tlie Charity is exposed on a regular basis and take action to niitl8ate these risks. Every yeai. tlie trustees review Coininiinity Ba9e's assessment of potential risk5 posed to &ev¢lopn7cnt of tlie orgaiiisation duriiig the next five yea1. pei'iod. Internal risks are ininiinised by tlie impleinentalion of procedures for authorisation of all Iransuctions aiid projects. To. ensur¢ consistent quftlity of d¢livery for all operational aspects ot. the chai'itable compaiiy, th¢s¢ procedures are periodically reviewed lo ensure they confoi'm to the Charity's stated aiins. Pag¢ 3 COMMUNITY BASE REPORT OF THE TRUSTEES FOR THE YEAR KIYDKD 31ST MARCH 2024 STRATEGIC REPORT Futur¢ plans The Directoi. will coiltiniie looking at different ways to keep maintenance costs in check and will be Miorking alongside th¢ trustees on updating Coinniuiiily Base's strategy and business plan. There is. a planned rise in the license fee in April 2026 witli full consideration of the lirensees and the funding cuts they will face. Th¢ Trustees continue to forge closei. relationships with othei. oi'ganisations, tlie local council and local business. The Ti'ustees and Director will continiie to monitor the economi¢ laiidscape to infortn financial decisions and activities, with coiitinuing to take up funding opportunities, iiicluding forming long term relationsliip5 with p055ible It)ajor donoi's backed by oui. carefully developed pitchdeck aiid data analysis. Community Base reinains financially viable aiid maintsins a healthy waitiiig list bused on its repiitirtion for fair rents• good service and a high standard of mainlenance which Lontinues witli a new LED lighting systeni finaiiced by a large grant froni VSCE, STRucfuRE, GOVERIYANCE AND MANAGEMENT Governing (Jocument Communily Bas¢ is a company limited by guarantee, incorporated ott 3 Noveiknber1995, iiumber 3l21688, aiid registered as a charity 01131 January 1996, number 1052456. Cliarity eonstltutlon The conipftiiy was established und¢r a Memorandum of Association which e$tablished the objects and powers of the chai'itable company and is 8oven)ed undei. its Articles of Associalion, Under those kn'ticles the Trustees are elected at the Annual General Meeting to serve a period of 3 year5 siibject. to rntificaiion at each Aiinual General Meeting. The board of tt'ustees has power to appoint a ti'ustee during the year. Any trustee so appotnted Inust be re-elected at the siibsequent aiinual general meeting. The trustees have guaranteed lo ¢ontribute a maximum of £1 ¢a¢h in th¢ ¢v¢nt of th¢ wrnpany being wound up. Organis&tionxl structure The charity is run by die Bo&id comprising the Trnstee5 who delegate the day to day running to the Cei)ts'e Mana8er.. The board of Trustees, which ¢an have up to 15 membetE, adininist¢rs th¢ el)ai'ity. llie Articles of Association requii'e that Ih¢r¢ should be a minimum of 5 and a inaximLlin of15 Trustees. During the year there were 5 TrLlStees (on avei'age). The Board meet5 approxiniately four times a year. All have given their time and advi¢e outside and beyond the boai'd Ineetin8. All new TwsLees r¢¢¢ive orientation and induction trainin8. Induction and ¢RYillillE of iiew trustees Pot¢ntial new Tn15te¢5 ai'¢ invit¢d to att¢iid a board Ineetirtg prior to appointment. Following appointnient, n¢w ti'iistees uiidergo orientstion lo brief thein on their legal obligations undei. charity and company law. the ¢ontent of the Memorandum and Articles of Asso¢iation, the board of Trustees And decision ￿￿k11]g pmcesses. the busiiiess plan and recent financial perfovinance ot the charity. During the orienlalion tliey meet key employees and other Trusk¢s, and are giveii ali overview of the activities of tl)e cl)arity. TNstees are encouraged to attend appropi'i#te extei'nal ti'aining events where these will facililate the iinderlaking of their role. Page 4 COMMUNITY BASE RII PORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 STRUCTURE, GOVERIYANCE AND MANAGEMENT Key inanagenJ¢nt remllneration Tlie Trustee5 consider the Board of T￿SteeS and tlie Centre Manager to be the key manage1￿ent personnel of the chaiity in harge ofdirecting a11d control ling tl)e charity and runniiig and operating tlie chaTlty on a day to day basis. All Trustees give their time freely and no trustee r¥muneration was pald in the yeai.. Details of Trii8te¢s' exp¢iis¢s and related party tt'ansactions al'e disclosed in the notes of the accoiints. Triistees are required lo disclose all relevant interests and register them with the board in a¢¢oiYlaiice with the charity's poIiLy. The pay of the Centre MI￿ager along with all staff is reviewed annually by th¢ Board and when appropriate increased taking into consideration iiiflation, average salaries it) th¢ area and salaries of other similai. sizcd charities to ¢nsur¢ that the reimiineralion set is tail. and iiot out of line with ihat generally pnid for siniilar roles. REFERENCE AND ADMif41STRATIVE DETAILS Reglytered Compfyiiy number 3121688 (Englr which the finaiicial statenients are prepared is Gon5iSteJ)t with the finai)cial statements. and the Rgport of the TrLlStee5 has been prepaied in accordftnc¢ witli applicable legal requireniei)tS. Page 8 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LUMMUNI"rY BASE M8tt¢rs on whAch w¢ are required lo repoi't by Qxteption In the light of the knowledge and iinderstanding of the charitable company and its environment obtained in th¢ course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to Teport iii respect ol. the following matters where the Companies Act 2006 reqiiires us to report to you if, in our opinion: adequate accounting records have noi been kept oi. returns adequale for oui. audit have not been received from branches not Vlsiled by us. oi. the financial stAten)ents are not in agreement with the accounting re¢ords w)d retUillS' 01. certain disclosures of tI￿Stee$, r¢mun¢ration specified by law are not made. or we hav¢ not received all the infoYniatlloii and explanations we reqliire for oui. audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the prepaiRtioii of the finaii¢ial statements and tor bLing satisfied tliat they give a twe aiid tail. view, and for sucli internal control as the ti'ustees determine 15 necessory to enable the preparation of fiiianGial ststements Ihat are free fiY)m inaterial misstateinent. whetl)er due to fraud or error. In preparing the financial statements, the trustees are respoiisible for assessing the cliaritable company's ability to ¢ontiiiue as a goiiig concern, disclosing, as applicable, Inatters i'elaied to going conLei'ii and using the going concern basis of accounting unless tile trustees either intend to liquidAte the charitable company or to ¢¢ase operations, or have 110 reali8tic alternative but to do so. Page 9 REPORT OF THE ILYDEP£NDENT AUDITORS TO THE MEMBKRS OF COMMUNITY BASE Our responsibilities for the audit of the financial statements Our objectives are to obtain reayonablc assurance about whether the ftnanciaR statements as a whol¢ are fre¢ from material misstatement, whether due to fraud or error, and to issiie a R¢port of the Independent Auditors that includes our opiiiion. Reasoiiable assurance is a high level of assurance, but is not a guai'8ntee that kn audit condiicted in accordance with ISAS (UK} Ivill always detect a material misstatenient wheTI Lt exists. Mis8tatements can aris¢ from fraud or error and ar¢ considered material if, individiially in tlie aggregat& they coiild reasonably be expected to iiifliien¢e the econoinic decisions of userg taken on th¢ basis of these tinancial statements. The extent to which our procedures are capable of de*cting irregularities, including fraud 15 detailed below- Based on our iinderstsnding of the Gh&rity and its activities, and througli discussion witli the trusttts and Inanagem¢nt, we identified the priiicipal risks of ni8t¢rial misstatement both at lh¢ fiiiancial slat¢lMent level and at the as5Crtion ILvcl. We considered these risks in the light of various fartors including tlie level of ¢omplexity. subjectivity, uncertainty, )tential management bias. ftaud, matei'iality and any other relevant factors. We o0nsid￿.ed the extent to which these would have a niaterial lit)pa￿ on the fiiiancial stateinents and designed our audit woi'k accoi-dingly. Ii) ideff]tifying and assessing risks of niaterial misstatement in respect of irregiilarities. includiiig fraud and non-¢ompli¥￿Cc with laws and i'e8ulations, our procedures included the following.. We oblllined dn uiiderstaiiding of tlie legal and reg151atory framework that thc ¢haYity operates iii, focusing on tljose laws and regulations Iliat had a nlafrrial effect on the financiRI stateinents or tliat had a fiiiidanioilal effe¢t on the operations of tli¢ charity from our pi'ofessional and sector experieiice. ' We p¢rform¢d analytical pro¢edure5 to identify any unusual or unexpected relationships that may indicate risks of Inaierial niisstateinent due to fraiid, and reviewed significant 01. unusiial Iran5aGtions to identify their underlying supporting ratioi)ale We inspected the minutes of ineetings of those chai'ged witl? governance, and i￿ade direct enquiries of nianagement and the board of trustees concerning the chAI'ity's poliGies and procedure5 relat71)g to: o Ideiitifying, evaluatit)g. and complying with laws and regulations and whether they wth'e aware of atty instances of non-compliance; o Detecting and respondiiig to the i'isks of fraud and whether they have knowledge of any actual, suspected, or alleg o The internal conth'ols established to mitigate risks related to fraud or non-cofnpliance with laws and regulations. In addressing t]ie risk of fraud through manftgement ove￿ide of controls, we tested the appropriateness of journal entries aiid othei, adjustments, assessed wliethei. the judgemeiits Inade in makii)g accoiiiitiiw ¢stiinates wei'e indicative of a potential biuy and iested significant transactions that were unusu41 or those outside the noi-mal course of busiiiess. We also ' discussed and reviewed the ¢harity'S business model and forwai'd plai)nin8 to &ssess going coiicern coinmiinicaled applicllble laws and rcgulations throughout the aiidit teani and r¢mained alert to any indications of iion-compliAn¢¢ throughout the audit, ievicwed the financial stRtenient dI￿105i1reS and Éested ihe5e to suppoitii)g documentation to assess conipliance with applicable laws and regulations. ' Carried out substantive testing on incoine and expendituit R¢-performed reconciliations of control accounts, and i'ecalculated items such as depr¢ciatioii Because of the inherent liinitations of arn audit. there is a risk that we will not detect all irregularities, including those leading to a material niisstlltement in tlie financinl statemeiits or non-conipliance with regulatioii. Page 10 REPORT OF THE INDEPENDKLYf AUDITOR COTrITrIUTrIITY BASE TO THE MEMBER OF This risk increases tlie more that compliance with a law or regulatkon is removed from the events and transactions refiected in the friiiaiicial stat￿nents, as we will be less lilcely to b¢¢ome aware ol. inst&nces of non-compliance. Tlie i'isk is also greater reg&rding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment, forgeiy, ollusion, omission or misrepresentation A tuither description of our responsibilities for the audit of the financial 5tatem¢nts is located 01) the Financial Reporting Coiincil's websiie at www.frc.org.liklauditors1.esponsibilities. Thi5 description forins p81t of our Repc)rt of the Iiidependent Aiiditors. Uso of our report This i'eport is made solely to tlie charitable conipany's inembers, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit woi'k has been undertaken so that we might state to tlie chai'itable company's members those rnattei's we are required to state to them in ali auditoi-s, r¢poi'¢ and for jio other purpos¢. To the fullest extent permitted by law, we do not &ccept or assume responsibility to anyone other than the charitable COmp￿Y and the charitsble coinpany, menib¢rs as a body, for our audit woi'k, for thi5 ￿port, or for the opinions we have fornied. Sliona Wardrop C.A. (Senior Statiitory Auditor) foi, and on behalf ot Cliariot House Limited Chaitered AccOunt￿ltS aiid Statutoiy Aiiditor 44 Cjrand Parade Brighton BN2 9QA Date: Pagell OMtvEUNrrY BASE STATEMENT OF f4 INANC.IAL ACTIVITIF,S JP4C.ORPORATING AN INCOME AND EXPENDITURE ACCOUE4T FOR THE YEAR ENDED 31ST MARCH 2024 2024 TotAI funds 2023 Total funds Unresti'icted funds Restricted fund Notes IP4COME AND ENDOWMENTS FROM Donations and legacies 406 20.000 20,406 Charitable aetivities Preniises Provision of servi¢es 499.158 26,402 499,158 26,402 477.833 22,728 Other trading Rctivities Inveslment incoin¢ 32,000 32.000 32,000 Tot81 563 527 583 527 534,422 EXPENDITURE ON Chai'itAble activltles Premiges Administration FinanGial Costs Provision of services 268.837 157,854 137,805 15,555 284,392 157,854 137,805 257.163 156.630 92.239 Total 590 139 15,555 605,694 530.379 NCIT INCOMEI{EKPENDITURE) (26,612) 4,445 (22,167) 4,043 RECONCILIATIOIY OF FUI¥DS Tot&1 funds brouglit forwai'd 3,351.189 3.351,189 3,347,146 TOTAL FUNDS CARRIED FORWARD 3 324,577 3,329 022 3351 189 Tlie notes form part of these fii)aii¢ial slalernents Page 12 COMMUNITY BASE RECISTERED UMBER: 3121688 BALANCE SHEET 31ST MARCH 2024 2024 Total funds 2023 Total funds Unr¢5triGted fuiids Restricted fund Notes FIXED ASSETS Tangible assets 4,798,545 4,798.545 4,868,574 CURRENT ASSETS Debtors Cash at baiik and hand 12 30,260 228 997 30,260 233,442 -36,080 241,154 259,257 4.445 263,702 277,234 CREDrfoRS Amounts talling due within one year 13 (175,74.3) (175,743) (149,655) NET CURRENT ASSETS 83,514 127 579 TOTAL ASSETS LESS CURRE LIABILITJES 4,882,059 4,445 4,886,304 4.996,153 C.RE.DITORS nounts falling due after more IlTrn one year 14 (1,557.482) (1,557,482) (1,644,964) NET ASSETS 3 324 577 3,329 022 .3 351.189 The notes foim part of these fJnan¢ial statements Page 13 contii)ued... commuN￿y BASE REGISTERLI D NUMBER: 3121688 BALANCE SHEET- continued 31ST MARCH 2024 FUNDS Uiirestricted funds: General flind Desigvnated Fund Revaluation Reserve 18 499,968 100,000 2 724.609 488.047 i 00,000 2.763.142 i 324 577 3.351189 Restricted funds: Sussex Community Founddtiorj TOTAL FUl￿s 3,329 022 3 351.189 The financial stc1tem￿its were approved by tlie Board of Trustees and authorised for issue on 18th March 2025 and w¢re signed on its behalf by: P Evaiis - Ti'ustee Tli¢ notes form part of tliese finaticial slalements Page 14 COMMUNITY BA CASH FLOW TATIMENT FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Notes CAsh flows from operating actlviti¢s Cash generated from operations 12 332) Net Cash used tn operating activities 12 332) CAsb flows from invvsling aetivitAe5 PurG.hu¥¢ of laiigible tixed assets Inlerest received (9,876) (6,031) Net cash used in investing activities ChAiige in CRsh and cH$h equlvalents in the reporting period Cash niid ca¥h equlvalents Ydt the b¢gloning of the reporting perlod (7,712) (16,502) 241,154 257 050 Cash and cRsh equlval¢Dts At tlie end of the reporting period 233.442 241,154 The notes form part of th¢se financial statements Page 15 OMMUNITY BASE NOTES TO THE CASH FLOW STATEMENT roR THE YEAR ENDED 31ST MARCR 2024 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERA TING ACTIVITIES 2024 2023 N¢t {expendilure)/income for Ihe reporting pei'iod (as per the Statement of FinAnelAI Aetivities) Adjv$tm¢nts for: Depreciation charges Interest received Decreas¢l(iDcrease) in debtors Decrease in ereditors (22,167) 4,043 79,905 (5,561) 5,820 79.424 (1,861) (1,292) Net cash used in op¢rat10118 ANALYSIS OF CHANCES IN NET DEBT At 114123 Casli flow At 3113124 Net c#sh c.ash &t bank and in hand 241 154 241154 23.1442 Debt DL.b15 fulling dlie within l ye￿. Debts falliiig due after l year {83,¥56) (1,644.964 (4.517) (88,373) {1557.482) (1728 820) {1645 855) Total (1.412,413) The Iiotes forni part of these finaiicial sÉat¢rnents Page 16 COMMUNITY BASE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Basiy of preparing the finllnclol stlltemeiits The financial stateillents of the ¢haTltable conipany. which is a public benefit entity under FRS 102. hAve been prepai'ed in a¢coi'd&nce witli ihe C.hariÉies SORP (FRS 102) 'Accouiiting and Reporting by C.liarities.' Statement of Re¥ommended Practice applicabl¢ to chariti¢s preparing their ar¢ounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and RepubSiG of Ireland (FRS 102) (¢ftective l January 2019),, Finanoial Repoi'tTng Standard 102 'The Financial Reporting Siandard applicable iii the UK and Republic of Ireland, and the Compaiiies Act 2006, The financial Statements have been prepared under the historical cost coiiveiition, as modified by the valuation of certain assets. At th¢ time of approving Ilie financial Statements, th¢ trustees have a r¢asonabl¢ exp¢ctation that the Charity has adequate i'esources to continue in operational existence for the foreseeable futui-e and on that basis the charity is onsidei'ed to be a going conceri). The finaiicial slateinents are prepared iii sterling which is the functional ¢urren¢y of the entity, and are rounded to the nearest £ l. All inuoming rLsourcc% aTC in¢ludLd in thL 8tut¢'mciil vf Financiul Aclivilies when the Chaiity is legally entitled to the income and the amount cali be quantified with i'ea50nable accui'acy. Gi'ants including gi'ants for the purchase of fixed assets are recognised in full in the Statement of Financial Activities iii the year in which they air i'eceivable. I xpellditui'e Liabilities are recognised as expeiidilure as soon as there is a legal OT constructive obligation conimitting the charity to that expenditure, it is probable that a ttynsfer of economic benefits will be reqLiired in settlement and tlie amoiint of tlie obligatioii Gan be m¢a.*ured reliably. Expenditui'¢ is accounted for on an accruals basis and has been lassified under headings that aggregate all c05t related to the catcgory. Where Costs cattnot be directly attributed to particiilar Iieadings they I￿ve been ullocated tr) activities on a basis consisknlt with the use of resoui'ees. Irrecoverable V AT is shown sepaiatcly. TanEible tlxed assels Depreciation is calciilated on a straigl)t line basis. Deprecialioii is piovided to write down thc cost or valiiaiion less estin)ated residlial values of lati£ible fixed assets over their estimated useful lives at annual rates of . Freehold Land - Not depreciated. Building and linprov¢mLnts _ 20/0 pa on a slrdighl linL. basis. Otlier Building Woi'ks - 50/0 pa on a slraight line basis El¢¢tronic Equipment - 200/0 pa 01) a straight line basis. Websit¢ - l OO/ts on a straight line basis Fixtures & Fittings - 20 % pa on a strllight line basis. Items of equipmenl are capitalised wliere the purcliase price exceeds £500. Recognition and measurement Fixed assets al'e measured at cost less accuinlllated deptrciation and any accumulated iinpaim)ent losses. Page17 continued... COMMUNITY BASE NOTES TO THE FINANCIAL STATEMENTS - coJ)tinued FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICI ES - continlled Taiation The Chavity is considered to pass the tests set out in Paragraph I S¢h¢dule 6 of the Finaii¢e A¢t 2010 and tb¢refore it meets the definition of a charitable company for UK Corporation Taxes purposes. Accordingly tlie Charity is potentially exempt froin taxation in respect of income or ¢apitAI gains received within Categories ¢ovei'ed by Chapter J Part I l of the Corpoi'ation T&% Act ?01 O or Section 256 of the Taxation of Char&veabl¢ GaiTJS Act 1992, to the extent that sucli income or gains are applied exclusiv¢ly to Ghai'itable pui'poses. Fund accountin% Unrestricted fuiids are donhtion5 and other incorning resource5 receivable or generated for the object5 of the charity without furtli¢r specified purpose and are available as general funds. Designated funds al'e unrestricted funds e81Th8rk¢d by the Tnsstees for particular purp05e5. Rests'icted fui)ds are to be usod for specific purposes as laid dowii by the donor, Expenditur¢ which meets these criteria is Charged to the fund, togethei. with a fair allocatioi) of m&Jagement and support costs.. Pensions The pension cost chllrge represeiits the coiitributions payable by tl)e coinpaiiy to the eniployees, pension scllemes, Rentals applicable to operating leases, wlier¢ substaiitially all of the benefits aiid risks of ownership ￿nI￿1n witli the lessoi., are charged on a strRight-line basis over the lease t￿.1￿. Jiidgements And key sources of estlmAtion uncei'tainty In the appli¢&tion of the chaiity's accounting policies, the ollarity is required to n)ake judgment4 e9tiinates aiid assumptions about the carrying value of as9ets and liabilities that are rtot readily appai'ent from other sources. The estimales aiid associated assumptions are based 01) histori¢al experience aiid oiher factors considered to be relevant. ActURI results Inay ditTer fi'oin these estiinates, The ¢stimate5 and underlying assiimptions are i'eviewed oii an ongoing basis. Revisions to a¢cfflinting estimates are reLogiiised in the period ii) which the estimate.is revised, if the revision affects only tliat period, or in the period of the revision and future periods if tlie revisioii affecls both the cui'reiit aiid futiii'e periods. There are iio estimates aiid assumptions that are considered to have a Si￿lIfiCant risk of causiiig a n]￿t￿.1&1 adjustrnents to the finai)cilll statemenis in a fiitui'e period. Financlnl In$li'uments Tlie charity has only financtal asse15 and fintm¢ial liabilities of u ktnd ihat qualify as basio financial instrun)eiits. Basic financial instrumeiits are iniÈi&lly recognised at transaction value and siibsequently in¢8sured at theii. settlenient value with the exception of baJ)k loans which are nieasured At amortised cost using the effective interest. method. Finaiicial Assets Trade and other debtors are recognised at the settlement amount due after any ti'ade discoiint offard. Prepayinents are valued at the ainount prepaid net of any discoui)ts due. Page18 ontinued... COMMUNITY BASE NOTES TO THE FINANCIAL STATEMENTS - eoiitinued FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES - Coiitinued Financial Liabilities Creditors aiid provisions are recognised wl)ere the charity has a present obligation resulting froin a past event tliat will pi-obably result in the transfer of funds to a third party aiid the amount du¢ to settle Ilie obligation can be measured oi, estimated reliably. Creditors and provision5 are iiormally ircognised at their Settl￿￿ent aniount after allowing for any discounts due, DONATIONS AND LEGACIES 2024 2023 Grants Grants rec¢ived, included in the above, Al'e as follows: 2024 2023 Chalk Cliff Trust Sussex Community Fouiid&tion 406 OTHEI R TRADINC ACTIVITIES 2024 2023 AdveJ'tising 32.000 INVESTMENT INCOME 2024 2023 Deposit aGcount interest 1,861 Page 19 continued... COMMUNITY BASE NOTKS TO THE f￿ANcIAL STATEMENI8- eontinued FOR THE Y.EAR ENDED 31ST MARCH 2024 INCOME FROM CHARITABLE ACTIVITfES 2024 2023 A¢tivily Preinises Premises Premise5 Preniises Pretnises Provision of St￿leeS R¢ntal Iiicome Room Hire Storage Pai'king Siindry Income Recharge of services 430,933 49.060 ,073 17,552 540 416,711 42.108 821 17,974 219 525 560 500.561 CHARITABLE AcfiviTIES COSTS Dirc¢t Costs (see note 7) Premises Administr'alion Finuncial Costs 14'ovision ofseivices 284,392 157,854 137.805 25.643 605 694 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Light &iid Heat Cleaning and Recycling Rates and Water Buildii)g Maintenance Servi¢e Contracly Iiisurance Admiillstration and Services Telephoiie, Copying and Postage Services Sundry Expenses Irrecoverable VAT Legal and professioIial Bvokkeeping Mortgage inlei'est Auditor's fee Depreciation 106,283 40.089 48,759 2,713 87,137 14,289 9,257 26,103 25.643 221 20,373 7,117 5,833 126.272 5.700 96.794 49.208 36,250 7,616 76,196 13.983 8,469 11,346 26.581 30,275 1.654 5.312 82,027 4,900 605,694 530.379 Page 20 continued... COMMUNITY BASE NOTES TO THE FINANCIAL SI'ATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 NET INCOME/(EXPENDITURE} Net in¢omel(expenditur¢) is stated aft¢r char¥ing/(¢reiliting): 2024 2023 Deprecip4tion - OWEied assets Auditor's fee - aiidit services Auditorfs f¢¢ - non audit services 79,905 4,500 79.423 4,000 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits foi. the ye&r ended 3 1st M&i'Gh 2024 iior for the year ended 3 Isl Marcli 2023. Tru$tee$' expellses Tha'e were no Irustees, expenses paid for the year ended 31 st Marcli 2024 nor for the year ended 31 st March 2023. io. STAF.F COSTS 2024 2023 Wages aiid salai'ies Soci¢il security costs Otlier pension ¢osts 101,889 1.588 2,806 93,123 1,100 106 283 The avei'age monthly numbei, of employees diiring the yeAr was as follows: 2024 2023 Average No employees re¢eived emoluments Iii excess of £60,000, Average number of employees on a Full Time equivalent basis was 3 (2023.. 3). Key management personnel remun¢rr41ion, being the Triistees and the Centre Managei. aiid comprising gl'oss pay, ¢mployei-5' National Insurance and Employ¢rs' pension contributions) ainounfrd to £29,404 (2023., £27,147). Page21 CDlltinued.. COMTrIUNITY BASE IYOTES TO THE FINANCIAL STA TF.MENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 li. TANCEBLC FIXED ASSETS Improvements and freehold pro.perty Freeliold land Electroiiic Equipnient COST At I st April 2023 Additions 1,717,000 3,469,702 97,929 At 3 Ist March 2024 ,717 000 3 469 702 DCI PRECIATION At I st Api'il 2023 C,liai'ge for year 356,618 96,960 969 At 3 1st Mawh 2024 430,113 NET BOOK VALUE At 31 $1 Mar¢h 2024 1717000 3 039,589 At 3151 MArGh 2023 1,717,000 3 113084 969 Fixtures and fittings Coirputer equiprnent Totals COST At I st Aprtl 2023 Additions 44,927 46.225 5,375,783 At 3 1st Mairh 2024 44,927 5,385,659 DEPRECIA TION At I st April 2023 Charg¢ for yeor 44,927 8,704 5,441 507,209 79,905 At 3 1st March 2024 44,927 587 114 NET BOOK VALUE At 315t March 2024 4.798.545 At 31 st March 2023 37,521 4,868,574 The Freehold Land and Building was re-valued in Derember 2018 by Flud¢ Commer¢ial, C.haitei'ed Surveyors , and tliis valiie was inGlud¢d in the aGcount5 for the year ended 3 L March 2019. The histoi'ical cost of Freehold Land tmd Building. originRlly purchased in 1998 for £699,467, ts £2,144,196. Page 22 ontinued.., MMUNITY BASK NOTES TO THE FINANCIAL STATEMENTS - conlAnued FOR THE YEIIR ENDED 31ST MARCH 2024 12. DEBTORS.. AMOUNTS FALLtNG DUE WITHIN ONE YEAR 2024 2023 Debtors ￿.1911]g oii direct tivilies Prepaynieiits 14,566 16,718 13. CREDITORS: AMOUNTS FALLtNG DLTE WITHIN ONE YEAR 2024 2023 Bank loaiis and overdrafts (se¢ note 15) c.reditors arising on dti'ect activities Sociftl se¢urity and other tsxe8 VAT Other ¢reditor8 Accruals and d¢fen:ed incojne 88.373 36,449 ,320 438 32,905 83.856 22,116 1,435 1.358 29,351 175743 149 655 14. CRED.ITORS: AMOUNTS FALLING DUK AFfER MORL THAN ONE YEAR 2024 2023 Bank loans (see note l5) 1557 482 1,644,964 An ￿]￿lySiS of the niaturity of loans is given below.. 2024 2023 Ainounts falliTig due within oiie year on deinaiid., Bank loans Amoiints falling due between two and five year5: Bank loans - 2-5 years 437,297 397 490 Amouiits f6lling due in more than five years., Repayable by instAlments'. Bank loans niore 5 yr by instal There are 3 bank loaiis in place, 2 of which are scheduled to be repaid in 2032, and l in 2039. Page 23 coiitinued... C.OMMUNITY BASE NOTES TO THE FINANCIAL STATEMENTS - contlllutd FOR THE YEAR ENDFA) 31S'I' MAEiCH 2024 16. LEASING AGREEMENTS Miniinum lease payments undei. non-cancellable operating leases fall due as follows.. 2024 2023 Within one year Bctweeii one ￿ld fiv,¢ years 1.145 431 ,263 2,576 4,106 17. SECURED DEBTS The following secui'ed debts are included witliin creditors: 2024 2023 Bank loans 1.645.855 1728 1120 The lot￿S are secured by le8AI fixed and floating charges over the property. 18. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted thnds GLncrdl fuiid Designated Fund Revaluation Rew've 498,047 i 00,000 2753 142 1.921 499,9(18 i 00,000 2 724 609 28 533) 3,351,189 (26,612) 3.324.577 Restricted fMTrds Siissex Cominiinity Foundatioii 4,445 4,445 TOTAL FUNDS 3 351189 3 329 022 Page 24 continued... COMM NITY BASK N(YfES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YKAR ENDED 31ST MARCH 2024 MOVCI MENT IN FUNDS- conlillued NeL' mov¢inent in funds, included in the above are as follows: incomii)g resources Resources expended Movement An funds Unresti'lcted funds General flind Revalu8tion Resei've 563,527 (561,606) 28,533) 1.921 28 533) 563,527 (590,139) (26,612) Restricted fundi Suss¢x Cominunity Foundation 20,000 {15,555) 4,445 TOTAL FUNDS 583.527 605,694 2? 167) Comparntives for movement In funds Net movemerit in fuiids Al 3113123 At 114122 Unrestricttd funds General tuiid Designated Flind Revaluation Resei've 455,472 i 00,000 2791674 32.575 488,047 100,000 2 763 142 28 532) 3 347,146 3,351189 TOTAL FUNDS 3347146 3 351 189 Comparative net movement in ￿nds, included in the above ￿re as follows.. In¢oining resources Resources exp¢nd¢d Movement in funds Unrestrlcted funds GeneMI flind Revaluation Reseive 534,421 (501,846) 28 533) 32,575 28 532) 534 422 530 379) TOTAL FUNDS 534 422 530.179) Pag¢ 25 continued.. c.01￿MilNITy BASE NOTES TO THE FINANCIAL STATEMENfs - continueql FOR THE YEAR £NDED 31ST MARCH 2024 18. MOVEMENT VUNDS - colltlnued The Designated Fiind is set aside as an emergency closure reserve. The Revaluation Reserve ai'ose on the revaluatlQD of the property in 2018. Resti'icted fund The Restricted fund is a grant froin Sussex C,oinmiinity Foiindation to 2SSlSt with improvements to the heating System. 19. EMPLOYEE BENEFIT OBLIGATIONS The charithble Company operates a defined contribution pension scheme witli contributions being made by both einployei. and einployees at variable rdtes. Total peiision cost8 in the current year aniounted to £2,806 (2023.. £2.571 }. At th6 year end £447 was du¢ to the provider (2023: £502). 20. RELATED PARTY DISCLOSURES The following current or fonner Trusiees have the following relationship with Community Base.. Employees of tenftnts of Community Bxse . Paul Evans - NHS Support Federation. Aihol Flalle - Trust for Developing Communities Pqrtner ts employee of a ten*iil of Commuiiity Base Robei't Gentles - Friends Families and Travellffl'5 21. COMPANY LIMITED BY GUARANTEE The Charity has no share capital but instead is limited by guarant¢e, each member being cominitted to conti'ibute a maxiinuin of £ l in the event of a windii)g up diii'ing the tinie that they are members or within 12 months afterwards. Pa8e 26 COMMUNITY BASE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacles Grants 20.406 Olher trAdliig ¥ctivldes Advertising 32,000 32.000 Investment income Deposlt ￿COUnt interest 5,561 ,861 ChRritable activities Reiilal Iiicome Rooni Flire Stoi'age Parking Recharge of services Sundry Income 430,933 49,060 1,073 17.552 26,402 540 416,711 42,108 821 17,974 22.728 219 525 560 500 561 TolAI incoming i%sour¢es 583,527 534,422 EXPENDITURE Chfivit*ble Aetlvlties Wages Social seciirity PLnsions Li8111 and Heat Cleaning and Recycling Rates and Water Building Maintenance Service Contracts Insiiranc¢ Adiniiii%tt'ation aiid Sei'vices TLlephone, Copying and Postage Services Suiidry Expenses Irrecoverable V AT L¢gal and professional Bookkeeping Carried foi'ward 101,889 1,588 2,806 40,089 48,759 2,713 87,137 14,289 9,257 26,103 25,643 221 20,373 7,117 5.833 393.817 93,123 1,100 2,571 49,208 36,250 7.616 76.196 l3,983 8,469 11.346 26,581 344 30,275 1,654 5,312 364,028 This page does not form part of th¢ statutory financial statements Page 27 COMMur4rtY BASE DF,TAILED STATEMEP4T OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Cliai'itahle Aetlvilies Brought forward Moi'tgage interest Auditor's fee Depreuiation Iinproveinents to property Depreciatioii plant & machiiiery Depfrrciation fixtures & fittings Deprcciation coinputer equtpment 393,817 126.272 5,700 73,495 969 364.028 82,027 4,900 242 996 5,441 605,694 530 379 Totsl Itsources expended 605,694 5.30 379 iyet (expenditure)/ineome 22 167) 4,043 This page does not form part of the statutory financial statements Page 28