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2021-04-30-accounts

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REGISTERED CHARITY NUMBER: 1055048

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021 FOR THE SARA LEE TRUST

Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 OEE

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CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

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THE SARA LEE TRUST

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|||||| |---|---|---|---|---| |Page| |Reference and Administrative|Details|1| |Report of the Trustees|2|to|17| |Independent Examiner's Report|18| |Statement of Financial Activities|19| |Statement of Financial|Position|20|to|21| |Notes to the Financial Statements|22|to|30| |Detailed Statement of Financial|Activities|31|to|32|

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REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2021

THE SARA LEE TRUST

SS

TRUSTEES SLee
V Goddard
A Cryar
D Hargreaves
JMidgley
M Lear
MMorton
C Chaloner
GRushbrook
NH Histed
PRINCIPALADDRESS 25UpperMazeHill
St leonardson Sea
East Sussex
TN38 OLB
REGISTEREDCHARITY 1055048
NUMBER
INDEPENDENTEXAMINER Manningtons Chartered Accountants
39 High Street
Battle
East Sussex
TN33OEE

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THE SARA LEE TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 APRIL 2021

The trustees present their report with the financial statements of the charity for the year ended 30 April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

TRUST AIMS AND OBJECTIVES

The Sara Lee Trust is an independent local charity which aims to improve the quality of life of people affected by cancer and other life threatening illnesses in Hastings and Rother (East Sussex), through the provision of psychological and counselling support, complementary therapies and therapeutic group activities. The Trust was established in early 1996.

The Trust's strategic aims are:

threateningTo provide,illnesses.as widely as possible, our individual and group Counselling and Therapy services to people affected by life

society.To develop our services as needed to ensure equitable access for all, in particular for the more vulnerable groups within our

To deliver our care and services in the most appropriate setting for the patient and at a time that best meets their needs,

To ensure that Trust services are supported by long - term sustainable income streams.

The Trust's strategic plan "Delivering the vision: 2017 - 2022" is available from our website: www.saraleetrust.org

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THE SARA LEE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021 Saeea a a OBJECTIVES AND ACTIVITIES OUR ACTIVITIES

About the Sara Lee Trust

For 25 years we have worked to improve the quality of life for people affected by cancer and other life-threatening illnesses across Hastings and Rother, East Sussex. Our combined experience and expertise has enabled us to develop a range of psychological and counselling support, complementary and group therapies to benefit and Support patients, their carers, family members and loved ones. We are the dedicated provider of psychological support and therapy care services for St Michael's Hospice, a 26-bed palliative care centre in St Leonards-on-Sea (for 25 years) and the Rye, Winchelsea and District Memorial Hospital (since 2007). The Trust is the only provider of these specialised services in the region.

Our team

The Trust Team of over 20 highly experienced practitioner's support almost 1,000 people per year with the free counselling, therapy care and group support they need to help them through what is often the most difficult time of their life. All Trust practitioner's have recognised training in the therapy they provide and have significant experience of working with our patient group.

Whilst ensuring that we comply with local and national guidelines, our flexible model of care is designed to empower the individual, to enable lasting improvement to their wellbeing. We promote the development of long-term connections and supportive networks through individual and / or group activity. Our team provides psychological support including specialist counselling, psychotherapy and Cognitive Behavioural Therapy (CBT), a range of complementary therapies and a growing number of group activities. Care is tailored to the needs ofeach individual.

All Trust services are provided completely free of charge.

How we help

People affected by life-threatening illness are often at an extremely vulnerable stage in their life, both mentally and physically. They will often feel isolated and marginalised by their illness. Our individual and group support helps people to live with, and increasingly through their illness, Improved confidence and mobility can help service users to be more independent of carers while at the same time enabling them to broaden social networks so that they feel better connected to their community. Because our services are also available to the families and loved ones ofpatients, they too benefit through the opportunity to process the impact of the diagnosis and potential bereavement. Our services offer some respite from the caring role and its physical and emotional impact. In this broader context, we improve health and well-being in our community by offering more opportunities for employment and volunteering, playing a key role in enhancing community spirit and reducing the burden of care in the wider community generally. When our resources are not available people sometimes struggle without essential care, resulting in deterioration in health and well-being and placing heightened pressure on mainstream health, social care and other services,

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021

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OBJECTIVES AND ACTIVITIES LOCAL CONTEXT

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The Trust provides essential care and support for people living across Hastings and Rother who are affected by cancer and
other life threatening illnesses. Locally the level ofneed for this support and care is extreme.
Trust Therapy hubs across Hastings and Rother
roLI 2.1. HubSt Michaels on Rye HillHospice
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Hastings and Rother have some of the most deprived areas in the country where prevalence rates for cancer are far higher than the national average and many people continue to live with their illness unsupported, resulting in unnecessary suffering and isolation. East Sussex 2018 Joint Strategic Needs & Assets Assessment (ISNA) indicates mortality rates can be as much as 50% higher than the regional average. Sussex Uncovered 3 is a data-led report that seeks to tell the story of the needs and strengths of our communities across Sussex. This report highlights the continuing inequality across Sussex and that people in the disadvantaged areas of Sussex are more likely to have shorter lives and poorer health. There is a 14.5 year age gap in male life expectancy and 18.9 year age gap in female life expectancy between the most and least deprived areas in Sussex. Hastings & Rother contains 10 of the 15 most deprived wards in Sussex and Hastings is ranked the 13th in the country on the same indicator.

The pressure on our services is already very high with record levels of counselling provided through the pandemic. With continue.The Sussex Cancer Alliance predicting increasing local prevalence rates long into the future, this trend will only but

The Trust is committed to increasing its capacity to meet this extreme level ofneed.

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ACHIEVEMENT AND PERFORMANCE

CHAIRMAN'S STATEMENT

As we celebrate the wonderful Trust achievements of the last quarter of a century, it is fair to say that so far our 25th anniversary year has not been as we had perhaps envisaged it. Whilst we should and will reflect on our story thus far, we must also focus on the extremely damaging impacts of the pandemic on our individual and collective lives. | am proud to say that the Trust has, for the most part, weathered the storm and I believe will emerge strongly from this difficult time. This does not mean that the Trust has not been badly affected by the pandemic, far from it. We have had to make some very difficult decisions over the last fifteen months, in particular in relation to our underlying costs as we considered how we could respond to rapidly reducing income levels, It was with great sadness that we implemented a Trust wide cost retailrestructureactivities.in the summer of 2020 to reduce financial losses caused by the virtual lockdown of all fundraising and charity Despite the global pandemic, lockdowns and restrictions on meeting other people, we have still supported local people affected by cancer and other life threatening illnesses. We have made changes to our ways of working that have made what we do even more relevant to those we support. Our online and telephone counselling service - which supported a record number ofpeople in 2020 - will continue to help those people who prefer not to meet face to face, or who are too unwell to travel. We are looking forward in this 25th year to resuming all of our services in full, and, in collaboration with our Service User Group and key partners continuing to develop the scope and scale of our services and activities to better meet local need and to make an increasingly positive difference to the lives ofmany local people for years to come. Rebuilding after the pandemic will not be easy and will take several years but we will continue to ensure that as many people as possible can continue to access our vital services, We hope that you will join us, and support us if you can, as we move forward to the future.

MICHAEL J LEAR

SSS.

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ACHIEVEMENT AND PERFORMANCE

CHIEF EXECUTIVE'S INTRODUCTION

The Trust is committed to improving the lives of local people affected by life threatening illness. I am very proud that, despite the considerable challenges, Trust practitioners continued to support local people throughout the pandemic with a range of remote services including counselling and group activities. In recognition of the considerable impact of the pandemic on health and well-being therapy capacity was increased and record levels of counselling support provided in year. Through our monitoring and evaluation processes we know that our services make a real difference and feedback from our service users remains highly positive and compelling. Recent surveys highlight the impact of our services through lockdown: - Over 95% reported improved well-being and confidence - Nearly 70% indicated reduced use of mental health services ~ Almost 70% reported an improvement to physical health

I give thanks to our extremely dedicated small team who, together with our wonderful volunteers, enable us to provide essential support and care of the highest quality to people affected by life threatening illness across Hastings and Rother.

The past twelve months with the unfolding pandemic and related events have been some of the hardest our organisation has ever faced. It was with great sadness that we had to make a number of redundancies and other infrastructure cost cutting measures across the Trust during the second half of 2020. Our Board of Trustees and I were devastated at having to make these decisions; our people are at the heart of everything we do. We give heartfelt thanks to all those affected for their valued support and contributions to the team and wish them all the very best for the future. Like many in the charitable sector and beyond, our financial and operational status has shifted away from being secure and progressive and, as a direct result, we have had to drastically alter our plans for the future to reflect reduced income levels and set out a multi-year recovery programme; all without making any cuts to our patient services. We expect to reach pre-pandemic financial and operating targets by April 2025.

The pathway towards the "new normal" and a financially stable future will be difficult and challenging and we are incredibly thankful for the ongoing efforts, support and goodwill of all those involved with the Trust. Your collective efforts are not only very much appreciated but have a huge impact on not only our ability to cope with the damaging impacts ofthe pandemic but also our pathway to recovery. I thank you all.

Dan Redsull Chief Executive Officer

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021

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FINANCIAL REVIEW THE SARA LEE TRUST PERFORMANCE REPORT SERVICES Service In provision and activities the financial year 2020/21 the Trust provided 3,880 hours of therapy to 407 individuals. Our ability to meet the exceedingly high level of local need was heavily restricted during the period and a surge in demand for our support and care is expected once we are out of lockdown measures.

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Location of therapies and activities

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= Telephone Session
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FINANCIAL REVIEW THE SARA LEE TRUST PERFORMANCE REPORT SERVICES

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= Breast cancer
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In Year Developments

Highlights

Continuity of Care

The global pandemic has had a jolting considerable impact on our services over the last financial year. In order to protect our vulnerable service users, most of whom are in the highest vulnerability category for COVID-19 and shielding at home, the Trust had to make the decision to restrict and at some stages suspend all of its face-to-face services. Our Therapy team however were very quickly able to put the necessary governance and quality assurance measures in place to enable us to bring forward plans to introduce a telephone and video based counselling service. This enabled a seamless transition from in person to remote services and allowed us to provide continuity of care which is so very important for our service users. Despite considerable challenges, remote based group activities including gentle yoga, mindfulness and carers' support were also provided through the period. In a year where so many were separated from their loved ones and usual networks for long periods, counselling and group support was absolutely vital and we are proud that we were able to continue to support our local community with the essential care needed at such a critical time.

Increased counselling support

An inevitable consequence ofthe pandemic was an increased need for counselling. The Trust invested in additional capacity to meet this need and record levels of counselling support was provided in the period.

I-KNOW-HOW

This 3-year collaborative project with partners from Belgium, France, the Netherlands and the UK is about supporting people affected by cancer to help them to remain in / return to an active life and work. Much of the last year has been focused on further developing and then finalising a coaching role aimed at providing an effective support and signposting for individuals who may be living with cancer, or undergoing or recovering from treatment. As a result ofthis work the Trust will be piloting a new Volunteer Support Worker role later in 2021,

Action Plan and Annual Evaluation In the coming months we will be analysing the results of our annual service user survey, and undertaking an evaluation process leading to the 2020 - 2021 Trust Annual Evaluation Report and the 2021-22 Trust Action Plan.

USER FEEDBACK AND CASE STUDY

Examples of service user feedback in 2020

~ The Sara Lee Trust is invaluable to this community, always there when other services failed me.

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Case studies and personal stories A case study demonstrating how the Trust has made a difference to people through the service it provides. Names and identifying details have been changed to protect the privacy of our service users. Elaine is a female service user in her mid-fifties living with primary pancreatic cancer which has spread to her lungs and liver. She was an in-patient on St Michael's Hospice ward for a 2 week stay receiving pain management. When I went into her room for the first time to offer complementary therapy, aromatherapy massage or reflexology her response was "well that's the best thing I have been asked since my diagnosis, yes I would absolutely love nothing more, to see if it can help with the excruciating pain I am in". I focused the reflexology on the digestive system, spine and lungs and worked very gentle directly on her the back in areas where it was painful. Elaine had a keen interest in complementary therapy and had previously (before diagnosis) had monthly massages, but hadn't felt that she wanted to go back to her therapist, as she didn't know if she had any experience with working with patients living with cancer, A few days later, I went back to offer another session and Elaine reported that her pain was starting to get much better. She felt it was a combination of the reflexology and different medication she had been prescribed. She said that, following our therapy session she felt a significant reduction in pain and later had her best night sleep in months,

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021

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While she was on the ward I saw Elaine four times and she reported back that she was now able to start reducing the pain medication she was taking as she didn't like how spaced out it made her feel. She felt that the reflexology and back massages had a big impact on reducing her pain levels. Before discharge I showed her husband how to massage her feet and pointed out the relevant areas to focus on, and J also showed him how to do a gentle back massage so Elaine could still get the benefits she had experienced on the ward at home. He was very attentive and took lots ofnotes and when I saw him later without Elaine, he thanked me and said it was great that he now had something he could do to help his wife when she is in pain, as previously he had felt helpless.

MONITORING AND EVALUATION

The aim of the Trust is to improve the quality of life of people affected by cancer and other life threatening illnesses. Effective and robust evaluation ensures that our work is evidence based and quality assured. Our service evaluation underpins all funding applications and has enabled us to successfully secure funding for some key services.

All trust services are subject to evaluation at service user level using standardised templates. Outcome reporting is underpinned by our use of EMIS Web, a nationally recognised patient information system.

Key statistics for 2020/21 (year ending 30 April 2021) include:

Improved mental wellbeing

96% of service users reported improved confidence and wellbeing 85% reported reduced anxiety and depression Over half (67%) reported reduced use of mental health services

Improved physical health

77% of service users reported an improvement to physical health 52% reported a reduction in symptoms / side effects A third reported a reduced of GP services

Increased independence and reduced isolation

67% of service users reported feeling less isolated 33% reported participating in new social networks and / or making new friends A third reported being more able to look after themselves

We will continue to research and develop our reporting systems to ensure that our evidence based information meets best practice and national guidelines.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021

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FINANCIAL REVIEW
FUNDRAISING > 4":
The Trust is almost totally reliant on fundraising, donations and retail Pew js,
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have supported the Trust over the last year in particular, those who have: Ls ae , =
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Fundraising for the Trust is delivered by a small team of 4 (1.8 whole time 4 ‘ -
equivalent), supported by our part-time Volunteer Coordinator and many . - ee
wonderful volunteers. We would like to thank all our volunteers for their .
fantastic support.
Funds were raised throughout the year using a variety of means including:
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year took place mostly online and included Hastings Beatles Day Online, ay 8 ff
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- While large formal challenge events were cancelled due to Covid-19, The \ etic.
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individual or group challenges including running and walking activities.
- Applications for support to charitable trusts, local businesses and
cancelledcommunity groups increased this year to help make up for income lost from ’ >at
activities and face to face fundraising. a: ~~
- Appeals to the local community and general public to support our work by ing ad F . a
fundraising, donating to our charity shops and remembering us in their will. j i‘, é & 4
Key highlights. Rice and Laan y 1
- Hastings Beatles Day online was successful and raised approximately rE a
£3,200 as well as increasing awareness of The Sara Lee Trust.
~ Christmas activities including Christmas Draw, a musical Countdown to Christmas on Facebook and an online game,
which collectively raised more than £4,500.
- Adoption of further online fundraising channels including Virgin Money Giving, Memory Giving and CAF Donate.
~ Development of Friends of The Sara Lee Trust, a semi-independent fundraising group.
- Full redesign and relaunch of The Trust's website.
- A continuing trend of increased support from charitable trusts and foundations.
- Development of community relationships including with venues and local businesses giving raffle prizes etc.
~ Launch ofcampaigns including Afternoon Tea for Sara Lee and The 25 Challenge.
- Further development of public communications channels including enhanced social media activity - particularly with
video content.
- Resuming events planning for the future including a Backyard Festival, Elvis Day, Battle of the Bands, Hastings Beatles
Day, RunFest Bexhill and Trek to Petra.
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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021

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FINANCIAL REVIEW

Impact of Coronavirus

Fundraising in-person was severely affected by the impact of coronavirus and lockdowns throughout the year. No live events of any size were held, and all formal challenge events, including London Marathon were cancelled. In addition, theincomelockdowns. from corporate partners fell significantly, and collecting box income and cash donations dropped to near-zero during In response, applications to Trusts and Foundations - including for emergency funding - were stepped up during Q1 and Q2, helping to bridge the fundraising gap. Online events and activities were prioritised to keep engaged with our supporters and conumunity, and small scale supporter-led activities were highlighted in all our marketing,

Our digital offer was also reviewed and this has resulted in the launch of our brand new website, increased social media output, including development of video content; along with a larger variety of online fundraising platforms.

During exceptionally difficult circumstances, the Fundraising Team has been able to change its way of working, and alter its focus to maintain income for The Trust through as many streams as possible.

Our sincere thanks go to all the charitable trusts, companies, organisations and individuals who have supported our fundraising efforts throughout the year.

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FINANCIAL REVIEW BURIOW avert
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The Trust's well established Trading arm (Charity Retail) continues to sell RES: ¢EE ——
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addition to local estate agents and the wider public.
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service is fast developing a reputation in the local area for excellent — mg
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Shop managers and their volunteer teams have continued to show such
meantcommitment closurestoacrossthe Trustretail throughoutat three separatethis year. periodsThe pandemicover the courserestrictionsof the f 41 | 4i
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the DCThe [team] flexibilitywas and [integral] resilience [to] [our] shown by [success] volunteers, [each] [time] shopwe [reopened.] managers andOur a , 3 \
customers and donors have continued to support us throughout, with some ie |
amazing donations, had it not been for them, we would not be in such a re
strong position. ws: 4
As a result of the gaps in trading, our annual contribution to the Trust fell to oeBs y ,3 P
less than £1,000 - a drop of over 95% against target. Government funding ;
however has shielded the Trust from the worst case scenarios and we are {
now fully focused on rebuilding and developing momentum. We will ——
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4-year recovery period.
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Our own dedicated retail website, saraleetrustretail.org showcases new ts Bf Ul
ventures. This platform acts as a central hub for donations, volunteering and sales to grow our services and development
across new partnerships and platforms. Our following across social media also continues to grow.
Near term priorities remain focused on improving organisational and sales stability, modernising Charity Retail and
increasing volunteer support.
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THE SARA LEE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021

FINANCIAL REVIEW FINANCE Before the onset of the pandemic, the Trust's intention was to achieve a balanced budget annually whilst delivering continued year on year growth in therapy capacity in order to better meet the extraordinarily high levels of local need. The staged pick up of the costs of therapy services provided in Sidley and its surrounds which is currently part-funded by The National Lottery Community Fund; support that ends in 2022 is part of this longer term plan. For many charities across the country the impact of the pandemic has been dramatic with many having to constrain and restrict activities and functions to a critical degree. Through the marvellous efforts of our team combined with government support as well as the wonderful generosity of our supporters, the Trust has managed to thus far mitigate the worst possible impacts of the pandemic, We must Tecognise however that the effects of lockdown and coronavirus in general will have an ongoing negative impact long into the future.

In March 2021, our Board of Trustees approved a four-year budget plan which is based on recovery and building momentum within our key fundraising areas whilst maintaining and then incrementally increasing overall service capacity. Targets remain very challenging with fundraising and retail activities charged with meeting an annual shortfall in latestunconfirmed income of approximately £150,000. At this stage we are aiming to be back near breakeven by April 2025 at the At year-end the charity had raised £336,760 against expenditure of £332,390 achieving a small surplus of £4,370. This however was only achieved after the implementation of a wide reaching and severe cost cutting programme which removed approximately £75,000 per year from our overall operating costs. Our underlying financial position remains constrained with annual deficits expected until breakeven is reached in 2025,

Along with a large proportion of our contingency reserves, this year's small surplus will be used to fund services whilst our fundraising activities are rebuilt,

RESERVES It is the policy of the Trust that under normal circumstances, unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to approximately 6 months of recurrent operational expenditure (i.e. £181,000). The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's activities while consideration is given to ways in which additional funds may be raised. Under normal circumstances a further reserve would be maintained to ensure that sufficient resources are available to properly maintain Trust fixed assets in the event of a significant drop in funding.

The Board of Trustees has however recognised that we are in exceptional times and that considerable resource needs to be committed towards mitigating against the impacts of the pandemic - in particular to ensure that the essential support and years,care we provide for so many across the region remains unaffected whilst we rebuild our support activities over the coming

Therefore, of the cash and bank reserves at year end (£284,789), £115,789 is committed towards mitigating the impacts of the coronavirus pandemic and £169,000 (equivalent to approximately 5 and 1/2 months recurrent expenditure) has been ring-fenced for operational provisions as referred to above.

As at the 30th April 2021, the Trust held no other uncommitted reserves or balances.

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SERVICE USER & PUBLIC PARTICIPATION AND INVOLVEMENT (PPI) The Trust is committed to involving users in the development of its policies and services. It has a core belief that user involvement and engagement is essential to providing services that best meet user needs. Users of Trust services play an active and leading role in the planning of service improvements and assisting in wider developments within the organisation. Our independent Service User Group continues to play an active and often leading role across many important areas. In the last year this has included:

As well as our Service User Group, existing and former service users are actively engaged in a number of other important Trust forums, committees and initiatives including:

© Board of Trustces e The National Lottery Community Fund Project Board e Volunteer Committee ¢ Delivering Services

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

EVALUATION AND PRIORITIES

The aim of our annual services evaluation is to step back, reflect on the year, and learn from our experiences and the publishedinformationwhich: obtained, to make our services more effective and efficient in the longer term. An annual evaluation report is

® summarises the evaluation process ° highlights key findings ¢ and communicates the resulting action plan

The action plan will serve as a road map in the ongoing monitoring process for the year ahead, and a benchmark against which to evaluate our progress at the end of the year. All stakeholders including staff, service users (including family members and carers), volunteers, local partners and the wider local community are actively involved in the monitoring and evaluation processes through a variety of forums, regular events and feedback mechanisms which include: Service User Group Annual Service User Survey Focus group reviews Annual Evaluation workshops Feedback forms and case studies

The Evaluation Report and relating action plan is published at the end of each calendar year.

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FOR THE YEAR ENDED 30 APRIL 2021

Sn

STRUCTURE, GOVERNANCE AND MANAGEMENT TRUSTEES The Trust currently has a total of 10 Trustees, All Trustees are mindful of their Tesponsibilities regarding the appointment and training of new Trustees. Presently, the need for new Trustees is discussed amongst existing Trustees with, when a need is agreed, potential candidates being identified through existing networks or by extemal advertisement. Shortlisted candidates are interviewed and the successful candidates undergo a comprehensive induction where they meet key members of the Trust and are introduced to all aspects of the Trust's work. Each new Trustee is provided with a summary of the responsibilities of a new Trustee.

The Board intends to recruit up to 3 further Trustees over the next financial year.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order ofthe board of trustees on ...f"Neotemtboy70Hand signed on its behalf by:

Trustee CHAIRMANMHL\ P.. reap

Se Page 17

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SARA LEE TRUST

er

Independent examiner's report to the trustees of The Sara Lee Trust I report to the charity trustees on my examination of the accounts of The Sara Lee Trust (the Trust) for the year ended 30 April 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in catrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member ofACCA which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

R Walsh FCCA Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 OEE

Date: zee 2

Sgee Page 18

THE SARA LEE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021

——&}—eepree SS ——_—

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Unrestricted|2021|2020| |funds|Restricted|Total|Total| |Notes|funds|funds|funds| |INCOME AND ENDOWMENTS FROM|£|£|£|£| |Donations and legacies|2|110,972|49,402|160,374|218,722| |Other trading activities|5|40,366|29,700|70,066|101,521| |Investment income|4|62,970|-|62,970|63,169| |Other income|43,350|-|43,350|8,897| |Total|257,658|79,102|336,760|392,309| |EXPENDITURE ON| |Raising funds|56,933|-|56,933|62,437| |Charitable|activities|5| |General|201,225|74,232|275,457|314,926| |Total|258,158|74,232|332,390|377,363| |NET INCOME/(EXPENDITURE)|(500)|4,870|4,370|14,946| |RECONCILIATION OF FUNDS| |Total funds brought forward|1,394,564|64,296|1,458,860|1,443,914| |TOTAL FUNDS CARRIED FORWARD|1,394,064|69,166|1,463,230|1,458,860|

----- End of picture text -----

The notes form part of these financial statements

nePage 19

THE SARA LEE TRUST

STATEMENT OF FINANCIAL POSITION

30 APRIL 2021

----- Start of picture text -----
|||||| |---|---|---|---|---| |eee| |2021|2020| |FIXED|ASSETS|Notes|£|£| |Tangible|assets|10|6,895|6,641| |Investment property|1]|1,141,051|1,141,051| |1,147,946|1,147,692| |CURRENT ASSETS| |Debtors|12|90,536|101,938| |Cash at bank and in hand|284,789|250,056| |375,325|351,994| |CREDITORS| |Amounts|falling due within one year|13|(60,041)|(40,826)| |NET CURRENT ASSETS|315,284|311,168| |TOTAL ASSETS LESS CURRENT| |LIABILITIES|1,463,230|1,458,860| |NET ASSETS|1,463,230|1,458,860|

----- End of picture text -----

The notes form part of these financial statements

eee

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continued...

THE SARA LEE TRUST

30STATEMENT OF APRIL 2021 FINANCIAL POSITION- continued

----- Start of picture text -----
||||| |---|---|---|---| |2021|2020| |FUNDS|Notes|£|£| |Unrestricted|funds:|15| |General|fund| |Contingency|178,163|184,604| |Contingency|Fund - Operational Activities|169,000|162,500| |Designated|Fund - Asset Maintenance|25,000|25,000| |Fund - Fixed Assets|951,901|952,460| |Revaluation Reserve|70,000|70,000| |1,394,064|1,394,564| |Restricted|funds:| |Shop Donations|1,000|1,000| |Bexhill therapy centre|58,716|58,716| |Hastings Lions|1,100|1,100| |Big Lottery Fund Grant|8,350|3,480| |69,166|64,296| |TOTAL FUNDS|1,463,230|1,458,860|

----- End of picture text -----

The financial statements were approved by the Board of Trustees and authorised for issue OT arateserene and were signed on its behalf by:

Trustee

The notes form part of these financial statements

a Page 21

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

THE SARA LEE TRUST

1, ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act revaluation2011. The offinancial certain assets.statements have been prepared under the historical cost convention, as modified by the

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably,

EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 10% on cost Fixtures and fittings - 25% on cost

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement ofFinancial Activities.

TAXATION The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion ofthe trustees,

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between six and nine month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year, Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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continued...

THE SARA LEE TRUST

FORNOTES TO THE FINANCIAL STATEMENTScontinued THE YEAR ENDED 30 APRIL 2021

2. DONATIONS AND LEGACIES

Donations
Gift
aid
Legacies
Grants
Shopincome		 Unrestricted
funds
£
32,173
6,353
§,257
66,364
825		 Restricted
funds
£
(2)
~
-
49,404
-		 2021
Total
funds
£
32,171
6,353
5,257
115,768
825		 2020
Total
funds
£
42,555
2,902
25,554
125,150
22,561
110,972 49,402 160,374 218,722

Grants received, included in the above, are as follows:

2021 2020
BigLotteryFund
OtherGrants		 £
49,404
66,364		 £
66,008
59,142
115,768 125,150
OTHERTRADINGACTIVITIES
Fundraisingevents
Charitable
trustincome		 Unrestricted
funds
£
10,282
30,084		 Restricted
funds
£
-
29,700		 2021
Total
funds
£
10,282
59,784		 2020
Total
funds
£
46,055
55,466
40,366 29,700 70,066 101,521

3. OTHER TRADING ACTIVITIES

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continued...

THE SARA LEE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021

rrsepa a

4, INVESTMENTINCOME
Rents
received
Interestreceivable		 Unrestricted
funds
£
62,085
885		 Restricted
funds
£
-
-		 2021
Total
funds
£
62,085
885		 2020
Total
funds
£
62,142
1,027
62,970 - 62,970 63,169
5. CHARITABLEACTIVITIESCOSTS
Direct
Costs		 Support
costs(see
note 6)		 Totals
General £
270,586		 £
4,871		 £
275,437
6. SUPPORTCOSTS
Governance
costs
General £
4,871

Governance costs includes £1,400 (2020: £1,200) for the Independent examiners fee.

  1. TRUSTEES' REMUNERATION AND BENEFITS

There30 Aprilwere 2020.no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the year ended The trustee D Hargreaves is a partner in Acuity Professional Partnership LLP who provide accountancy services to The Sara Lee Trust at a significantly discounted cost. A provision of £2,750 has been included within the accounts.

TRUSTEES' EXPENSES

There were no trustces' expenses paid for the year ended 30 April 2021 nor for the year ended 30 April 2020.

KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES

No employees received total employee benefits (excluding pension contributions) of more than £60,000.

Salaries
KeyManagementPersonnel
EmployerPension
Socialsecurityandothertax		 2021
2020
227,565
214,035
37,488
32,445
4,154
5,075
12,904
16,041
a
ONAL
282,111
267,596
a

a

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THE SARA LEE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021

—_——eevw $$

8. STAFF COSTS

----- Start of picture text -----
||||| |---|---|---|---| |The average monthly number of|employees|during the year was as follows:| |Support|2021|2020| |staff|2|2| |Fundraising staff|5|5| |Therapy staff|11|12| |18|19| |No employees received emoluments|in excess|of £60,000.| |9.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |funds|funds|funds| |INCOME AND ENDOWMENTS FROM|£|£|£| |Donations and legacies|152,716|66,006|218,722| |Other trading activities|84,521|17,000|101,521| |Investment income|63,169|-|63,169| |Other income|8,897|-|8,897| |Total|309,303|83,006|392,309| |EXPENDITURE ON| |Raising funds|62,437|-|62,437| |Charitable|activities| |General|227,300|87,626|314,926| |Total|289,737|87,626|377,363| |NET INCOME/(EXPENDITURE)|19,566|(4,620)|14,946| |RECONCILIATION|OF FUNDS| |Total funds brought forward|1,374,998|68,916|1,443,914| |TOTAL FUNDS CARRIED FORWARD|1,394,564|64,296|1,458,860|

----- End of picture text -----

—r oo

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THE SARA LEE TRUST

NOTESFOR THE TO YEAR THE FINANCIAL ENDED 30 APRIL STATEMENTS 2021 - continued

a

10. TANGIBLEFIXEDASSETS
Fixtures
Plant and and
Cost machinery
£		 fittings
£		 Totals
£
At 1May2020
Additions		 32,587
1,281		 8,641
-		 41,228
1,281
At30April2021 33,868 8,641 42,509
Depreciation
At 1May2020
Charge foryear		 26,019
954		 8,568
73		 34,587
1,027
At30Apri]2021 26,973 8,641 35,614
Netbook value
At30April2021 6,895 - 6,895
At30April2020 6,568 73 6,641
11. INVESTMENTPROPERTY
Fair value £
At 1 May2020
and30April2021 1,141,051
Netbook value
At30April2021 1,141,051
At30April2020 1,141,051

The value of the property was considered by the Trustees at year end and found to be reasonable,

A revaluation of the investment property at Silverhill was assessed by the trustees during the year 2017,

eS Page 26 continued...

THE SARA LEE TRUST

FORNOTES TO THE FINANCIAL STATEMENTScontinued THE YEAR ENDED 30 APRIL 2021

12. DEBTORS
2021 2020
Amountsfallingduewithinone year:
Prepayments andaccruedincome		 £
5,353		 £
17,200
Amounts fallingdue aftermorethanoneyear:
Other debtors
85,183 84,738
Aggregate amounts
90,536 101,938
13, CREDITORS:AMOUNTSFALLINGDUEWITHIN WITHINONEYEAR YEAR
2021 2020
Taxation
and socialsecurity
Other creditor		 £
748		 £
8,261
59,293 32,565
60,041 40,826
14. ANALYSISOFNETASSETSBETWEENFUNDS
Fixed
assets
Investments
Currentassets
Currenthabilities		 Unrestricted
funds
£
4,205
1,081,335
347,433
(38,909)		 Restricted
funds
£
2,690
59,716
27,892
(21,132)		 2021
Total
funds
£
6,895
1,141,051
375,325
(60,041)		 2020
Total
funds
£
6,641
1,141,051
351,994
(40,826)
1,394,064 69,166 1,463,230 1,458,860

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continued...

THE SARA LEE TRUST

FORNOTES TO THE FINANCIAL STATEMENTScontinued THE YEAR ENDED 30 APRIL 2021

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |15.|MOVEMENT|IN FUNDS| |Net|Transfers| |At|movement|between|At| |1.5.20|in funds|funds|30.4.21| |Unrestricted|funds|£|£|£|£| |General fund|184,604|59|(6,500)|178,163| |Contingency Fund|- Operational Activities|162,500|-|6,500|169,000| |Contingency Fund - Asset Maintenance|25,000|-|-|25,000| |Designated Fund|- Fixed Assets|952,460|(559)|-|951,901| |Revaluation Reserve|70,000|-|-|70,000| |Restricted|funds|1,394,564|(500)|-|1,394,064| |Shop Donations|1,000|6|=|1,600| |Bexhill|therapy centre|58,716|-|.|58,716| |Hastings Lions|1,100|-|-|1,100| |Big Lottery Fund Grant|3,480|4,870|-|8,350| |64,296|4,870|-|69,166| |TOTAL FUNDS|1,458,860|4,370|-|1,463,230| |Net movement|in funds, included|in the above are|as follows:| |Incoming|Resources|Movement| |resources|expended|in funds| |Unrestricted|funds|£|£|£| |DesignatedGeneral fundFund|- Fixed|Assets|257,658|(257,599)|59| |-|(559)|(559)| |Restricted|[funds]|257,658|(258,158)|(500)| |Emest Kleinwort|5,000|(5,000)|-| |ForeshoreSussex Community Foundation|2,083|(2,083)|-| |The|200|(200)|-| |Big|Pink Ribbon Foundation|2,000|(2,000)|-| |Lottery Fund Grant|49,402|(44,532)|4,870| |Tesco Bags ofHelp|500|(500)|-| |MIND|11,250|(11,250)|-| |Independent Age|8,667|(8,667)|~| |79,102|(74,232)|4,870| |TOTAL FUNDS|336,760|(332,390)|4,370|

----- End of picture text -----

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continued...

THE SARA LEE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021

15. ©MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

----- Start of picture text -----
|||||| |---|---|---|---|---| |Net| |movement|At| |At|1.5.19|in funds|30.4.20| |Unrestricted|funds|£|£|£| |General fund|163,688|20,916|184,604| |Contingency Fund - Operational Activities|162,500|-|162,500| |Contingency Fund - Assct Maintenance|25,000|-|25,000| |Designated Fund|- Fixed Assets|953,810|(1,350)|952,460| |Revaluation Reserve|70,000|-|70,000| |Restricted|funds|1,374,998|19,566|1,394,564| |Shop Donations|1,000|-|1,000| |Bexhill therapy centre|58,716|-|58,716| |Hastings Lions|1,100|-|1,100| |Big Lottery Fund Grant|2,100|1,380|3,480| |The Sobell Foundation|6,000|(6,000)|-| |68,916|(4,620)|64,296| |TOTAL FUNDS|1,443,914|14,946|1,458,860|

----- End of picture text -----

Comparative net movement in funds, included in the above are as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |Unrestricted|funds|£|£|£| |DesignatedGeneral fundFund|-|Fixed|Assets|309,303|(288,387)|20,916| |-|(1,350)|(1,350)| |Restricted|funds|309,303|(289,737)|19,566| |Sussex Community Foundation|10,000|(10,000)|-| |Foreshore|2,000|(2,000)|-| |Chalk Cliff Trust|5,000|(5,000)|-| |TheBig LotterySobell|Foundation Fund Grant|66,006|(64,626)|1,380| |-|(6,000)|(6,000)| |83,006|(87,626)|(4,620)| |TOTAL FUNDS|392,309|(377,363)|14,946|

----- End of picture text -----

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continued...

2

THE SARA LEE TRUST

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 APRIL 2021

16. RELATED PARTY DISCLOSURES

A total donation of nil (2020 : £22,561) was received during the year from Sara Lee Trading Limited, this company operates 6 shops on behalf of the charity.

Page 30

e

THE SARA LEE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021

eee

2021 2020
£ £
INCOMEANDENDOWMENTS
Donationsand legacies
Donations
Giftaid
Legacies
Grants
Shopincome		 32,171
6,353
5,257
115,768
825		 42,555
2,902
25,554
125,150
22,561
160,374 218,722
Other trading activities
Fundraisingevents
Charitabletrustincome		 10,282
59,784		 46,055
55,466
70,066 101,521
Investmentincome
Rentsreceived
Interestreceivable		 62,085
885		 62,142
1,027
62,970 63,169
Otherincome
Governmentgrants 43,350 8,897
Totalincomingresources 336,760 392,309
EXPENDITURE
Othertrading activities
Fundraisingevents
Wages		 5,934
50,999		 11,819
50,618
56,933 62,437
Charitable activities
Wages
Insurance
Carriedforward		 102,853
3,622
106,475		 85,936
3,573
89,509

This page does not form part of the statutory financial statements

eee Page 31

THE SARA LEE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021

----- Start of picture text -----
|||||| |---|---|---|---|---| |2021|2020| |£|£| |Charitable|activities| |Brought forward|106,475|89,509| |Postage and|stationery|1,788|2,655| |Sundries|~|186| |Therapist fees|141,505|169,414| |Aromatherapy & housekeeping|178|2,578| |Sanctuary days|90|3,225| |Staff|training|4,029|17,822| |Travelling|expenses|265|10,021| |Sundry|service|costs|8,392|8,583| |Premises|costs|6,671|6,318| |Plant and machinery depreciation|954|825| |Fixtures|and|fittings depreciation|73|787| |Bank|charges|166|60| |270,586|311,983| |Support costs| |Information technology| |Computer running|costs|-|873| |Governance|costs| |Accountancy|3,644|870| |Independent examiners|fee|1,200|1,200| |Legal|fees|27|-| |4,871|2,070| |Total resources expended|332,390|377,363| |Net income|4,370|14,946|

----- End of picture text -----

This page does not form part of the statutory financial statements

Page 32