| Pages | ||||
|---|---|---|---|---|
| Trustees Annual Report |
2to | 14 | ||
| Independent Examiner's |
Report | 15 | ||
| Statement ofFinancial | Activities | 16 | ||
| Summary Income and Expenditure |
Account | 17 | ||
| Balance Sheet | 18 | |||
| Notes tothe Accounts | 19to | 25 | ||
| Detailed Statement of Financial Activities | 26to | 27 |
| Contents | Contents | Page | ||
|---|---|---|---|---|
| 1. | Introduction | |||
| 2. | Purpose ofthe Charity | |||
| 3. | Main Activities | Sto6 | ||
| 4. | Public Benefit Statement | |||
| 5. | Contributions made by |
Volunteers | ||
| 6. | Main Achievements | 6to7 | ||
| 7. | Action Plan | 7tog | ||
| 8. | Fundraising Objectives |
9to 10 | ||
| 9. | Reserves Policy | 10 | ||
| 10. | Principal Risk |
10 | ||
| 11. | Structure, Governance |
&Management | 10to 12 | |
| 12. | Financial Review |
12to 13 | ||
| 13. | Long Term Achievements | 13 | ||
| 14. | Related Parties &Trustee Responsibilities | 13to 14 | ||
| 15. | Declarations | 14 | ||
| 16. | Annual General Meeting |
14 |
| 1.Target: Form Trustee team | 1.Target: Form Trustee team | 1.Target: Form Trustee team | 1.Target: Form Trustee team | to negotiate a new lease with |
Adur District Council | Adur District Council | as a High priority | |
|---|---|---|---|---|---|---|---|---|
| Action: | Chair oftrustees | |||||||
| When: | 31st December 2022 | |||||||
| 2.Target: Maintain | a minimum | of3-6months expenditure |
in reserves, | with the | aim to achieve 6 | |||
| months | in reserves | in the | coming two years. | |||||
| Action: | Treasurer | |||||||
| When: | Ongoing | |||||||
| 3.Target: Set up quarterly | review meetings between ADC officers and |
Trustees to discuss subjects | of | |||||
| mutual | interest | |||||||
| Action: | Chairman/ Centre manager to agree |
timetable | with ADC | |||||
| When: | Upon completion oflease |
|||||||
| 4.Target: Trustees | to annually | review hire fees for all spaces | ||||||
| Action: | Manager &Treasurer | |||||||
| When: | End ofthird Quarter | |||||||
| S.Target: Hirers and tenants | to have direct access to the Centre manager to discuss any problems |
/ | ||||||
| issues. | In addition, | regular | review meetings with Centre staff can be arranged to |
discuss future needs | ||||
| and opportunities. |
| Action: | Centre manager / Vice Chair |
Centre manager / Vice Chair |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| When: | With immediate effect |
||||||||||||
| 6.Target: Create agenda time for | Trustees, | ADC and other stakeholders | to discuss new | opportunities, | |||||||||
| including long-term |
building | development aspirations for the Centre, and to |
assess barriers to success | ||||||||||
| Action: | SWOT analysis with Trustees, |
ADC representatives | - | AWC, | Centre | ||||||||
| Manager | |||||||||||||
| When: | Date tbc | upon completion of |
lease | ||||||||||
| 7.Target: Determine an integrated |
media, | advertising and promotional |
strategy | and | implementation | ||||||||
| p I an | |||||||||||||
| Action: | Trustees | & Marketing sub-committee |
|||||||||||
| When: | End June | 2023 | |||||||||||
| 8.Target; Examine | ways to | further | develop | Skyway Gallery activities following | the appointment | of a | |||||||
| Curator to | manage | the facility | |||||||||||
| Action: | Trustee Board &Skyway Gallery sub-committee | ||||||||||||
| When: | Ongoing | ||||||||||||
| 9.Target: Formulate the long-term |
building | development aspirations |
|||||||||||
| Action: | Trustees | and Capital sub-committee | in conversation | with ADC | AWC | ||||||||
| When: | Date tbc | upon completion of |
lease | ||||||||||
| 10.Target: | Continue commitment |
to train staff in appropriate |
skills | and draw |
up | suitable | |||||||
| programmes | to accomplish | individual progress |
|||||||||||
| Action: | Staffing sub-committee | ||||||||||||
| When: | Ongoing | ||||||||||||
| 11.Target: | For 2022/23 we | are reviewing | and updating all our |
governance | documents | and | policies | ||||||
| held on file | |||||||||||||
| Action | Trustees | and Centre Manager | |||||||||||
| Ongoing |
| Date | ||||
|---|---|---|---|---|
| Exhib d |
worksho | s2022 | ||
| 28th Ma -12th June | Adur Arts Trail | |||
| Rotary Club -Children's | drawings | about Covid | ||
| 28th May- 12th June | ||||
| 18th June - 9th July | Melvyn Biddulph Solo show |
|||
| 18th Ju -5th August |
Emil BallSoloshow |
|||
| 13th - 27th August | GBMet Group show (Emotion & | Expression) | ||
| 10th Sept-1st Oct | Jon Peaty Retrospective | |||
| October - tbc | Brighton Photo Frin e | |||
| October half term | The BigDraw- some workshops | &a trail | ||
| October half term | Black History Month - Althea Mcnish- | |||
| workshops | ||||
| November | Gary Goodman &Sabrinah |
Shah |
| Date | ||||||||
|---|---|---|---|---|---|---|---|---|
| Exhibition | and | wo ksh | s2023 | |||||
| November | /December/ | Jan/Feb - no | lanned | exhi | bitions | |||
| Gallit Shaltiel | ||||||||
| March 2023 | ||||||||
| March 2023 | International Women's |
Da - details tbc | ||||||
| April/May | - no plans as | yet | ||||||
| June 2023 | Caroline Darke |
| Matt Davis | Chair | |
|---|---|---|
| Val Garland | Vice Chair | |
| Janice Roberts | Treasurer | |
| Danny McBride | Committee | Member —Skyway |
| John Griffin | Committee | IViember |
| Kate Green | Committee | Member |
| for the year | ended 31March 2 | 022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | E | E | E | E | ||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 242 | 242 | 30 | ||
| Charitable | activities | 175,872 | 175,872 | 50,245 | ||
| Other trading activities |
4,092 | 4,092 | 19 | |||
| Other | 35,444 | 35,444 | 95,652 | |||
| Total | 215,650 | 215,650 | 145,946 | |||
| Expenditure | on: | |||||
| Other | 231,600 | 744 | 232,344 | 196,563 | ||
| Total | 231,600 | 744 | 232,344 | 196,563 | ||
| Net gains on | investments | |||||
| Net expenditure | (15,950) | (744) | (16,694) | (50,617) | ||
| Transfers between funds |
||||||
| Net expenditure before other gains/(losses) |
(15,950) | (744) | (16,694) | (50,617) | ||
| Other gains | and losses | |||||
| Net movement in funds |
(15,950) | (744) | (16,694) | (50,617) | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
200,490 | 13,198 | 213,688 | 264,305 | ||
| Total funds carried forward | 184,540 | 12,454 | 196,994 | 213,688 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | E | ||
| Income | 215,650 | 145,336 | |
| Gross income for the year | 215,650 | 145,336 | |
| Expenditure | 225,691 | 187,471 | |
| Depreciation and |
charges for | ||
| impairment offixed assets |
6,653 | 8,483 | |
| Total expenditure | forthe year | 232,344 | 195,953 |
| Net expenditure | before tax for the year | (16,694) | (50,617) |
| Net expenditure | for the year | (16,694) | (50,617) |
| at 31March 20 | 22 | 22 | 22 | |||
|---|---|---|---|---|---|---|
| Company No. |
03567456 | Notes | 2022 | 2021 | ||
| 6 | ||||||
| Fixed assets | ||||||
| Tangible assets | 11 | 14,543 | 21,129 | |||
| Investments | 12 | |||||
| 14,543 | 21,129 | |||||
| Current assets | ||||||
| Debtors | 13 | 241 | 1,042 | |||
| Cash at bank | and | in hand | 188,735 | 192,591 | ||
| 188,976 | 193,633 | |||||
| Creditors: Amount | falling due within one year | 14 | (6,525) | (1,074) | ||
| Net current assets | 182,451 | 192,559 | ||||
| Total assets less | current liabilities | 196,994 | 213,688 | |||
| Net assets exdudlng | pension asset or liability | 196,994 | 213,688 | |||
| Total net assets | 196,994 | 213,688 | ||||
| The funds ofthe | charity | |||||
| Restricted funds | 15 | |||||
| Restricted income | funds | 12,454 | 13,198 | |||
| 12,454 | 13,198 | |||||
| Unrestricted funds |
15 | |||||
| Generalfunds | 184,540 | 200,490 | ||||
| 184,540 | 200,490 | |||||
| Total funds | 196,994 | 213,688 |
| last year and no | last year and no | changes have been made to accounts for previous years. |
|---|---|---|
| Fund accounting | ||
| Unrestricted | General funds are unrestricted funds which are available for use at the discretion of |
|
| funds | the Trustees in furtherance ofthe general objectives ofthe company and which have |
|
| not been designated for other purposes. |
||
| Designated | ||
| funds | These are unrestricted funds earmarked by the trustees for particular purposes. |
|
| Reserved | Reserved designated funds comprise unrestricted funds that have been set aside by |
|
| designated | the Trustees for particular purposes. The aim and use ofeach designated fund isset |
|
| funds | out in the notes to the financial statements. | |
| Restricted funds | Restricted funds are funds which are to be used in accordance with specific | |
| restrictions imposed by donors or which have been raised by the company for |
||
| particular purposes. The costs ofraising and administering such funds are charged |
||
| against the specific fund. The aim and use ofeach restricted fund is set out in the |
||
| notes tothe financial statements. | ||
| Income | ||
| Recognition | of | All incoming resources are included in the Statement offinancial activities when the |
| income | company is legally entitled tothe income and the amount can be quantiTied with |
|
| reasonable accuracy. |
||
| Donated | Donated services or facilities, which comprise donated services, are included in |
|
| services or | income at a valuation which is an estimate ofthe financial cost borne by the donor |
|
| facilities | where such a cost is quantifiable and measurable. No income is recognised where |
|
| there is no financial cost borne by a third party. |
||
| Income tax | Income tax recoverable in relation to donations received under Gift Aid or deeds of |
|
| recoverable | covenant is recognised at the time ofthe donation. |
|
| Income tax recoverable in relation to Investment income is recognised at the time the |
||
| investment income is receivable. |
| 3 | Statement | of | Financial | Activities - prior year | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||
| funds | funds | funds | |||||||
| 2021 | 2021 | 2021 | |||||||
| E | E | ||||||||
| Income and endowments | from: | ||||||||
| Donations | and legacies | 30 | 30 | ||||||
| Charitable | activities | 50,245 | 50,245 | ||||||
| Other trading | activities | 19 | 19 | ||||||
| Other | 95,652 | 95,652 | |||||||
| Total | 145,946 | 145,946 | |||||||
| Expenditure | on: | ||||||||
| Other | 195,819 | 744 | 196,563 | ||||||
| Total | 195,819 | 744 | 196,563 | ||||||
| Net | income | (49,873) | (744) | (50,617) | |||||
| Net | income before other | ||||||||
| gains/(losses) | (49,873) | (744) | (50,617) | ||||||
| Other gains and losses: | |||||||||
| Net | movement | in | funds | (49,873) | (744) | (50,617) | |||
| Recondliation | offunds: | ||||||||
| Total funds carried forward | (49,873) | (744) | (50,617) | ||||||
| 4 | Income from donations | and legacies | |||||||
| Unrestricted | Total | Total | |||||||
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Donations | 242 | 242 | 30 | ||||||
| 242 | 242 | 30 | |||||||
| 5 | Income from charitable | activities | |||||||
| Unrestricted | Total | Total | |||||||
| 2022 | 2021 | ||||||||
| Lettings and rentals | 104,751 | 104,751 | 26,680 | ||||||
| Cafe | 41,270 | 41,270 | 7,242 | ||||||
| Centre running | costs | 29,851 | 29,851 | 16,323 | |||||
| 175,872 | 175,872 | 50,245 |
| Unrestricted | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| 4,092 | 4,092 | 19 | |||||||
| 4,092 | 4,092 | 19 | |||||||
| 7 | Other income | ||||||||
| Unrestricted | Total | Total | |||||||
| 2022 | 2021 | ||||||||
| Misc income | 62 | 62 | |||||||
| Furlough scheme |
19,382 | 19,382 | 55,795 | ||||||
| COVID grants | 16,000 | 16,000 | 39,857 | ||||||
| 35,444 | 35,444 | 95,652 | |||||||
| 8 | Other expenditure | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2022 | 2021 | ||||||||
| Skyway expenses |
112 | 112 | 750 | ||||||
| Cafe supplies | and | machine | hire | 17,299 | 17,299 | 5,840 | |||
| Adur District costs |
Council premises | 30,827 | 30,827 | 14,835 | |||||
| Employee costs | 156,066 | 156,066 | 147,241 | ||||||
| Premises costs | 8,444 | 8,444 | |||||||
| Amo*isation, | depreciation, | ||||||||
| impairment, | profit/loss | on | 5,909 | 6,653 | 8,482 | ||||
| disposal offixed assets | |||||||||
| General administrative | costs | 8,960 | 8,960 | 9,302 | |||||
| Legal and professional | costs | 3,983 | 3,983 | 3,209 | |||||
| 231,600 | 744 | 232,344 | 196,563 | ||||||
| 9 | Net expenditure | before transfers | |||||||
| 2022 | 2021 | ||||||||
| This is stated | after charging: | E | 6 | ||||||
| Depreciation | ofowned | fixed assets | 6,653 | 8,482 |
| 10 | Staff costs | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||
| Salaries and | wages | 146,486 | 138,533 | |||||||||
| Social security | costs | 6,855 | 6,478 | |||||||||
| Pension costs | 2,565 | 932 | ||||||||||
| 155,906 | 145,943 | |||||||||||
| No employee | received emoluments | in excess of | 660,000. | |||||||||
| The average | monthly | number | offull time | equivalent | employees | during the year was as follows: | ||||||
| 2022 | 2021 | |||||||||||
| Number | Number | |||||||||||
| Staff | 20 | 18 | ||||||||||
| 20 | 18 | |||||||||||
| 11 | Tangible fixed assets | |||||||||||
| Land and | Computer | Fixtures | ||||||||||
| and webslte | and | Total | ||||||||||
| buildings | design | fittings | ||||||||||
| 6 | 6 | 6 | ||||||||||
| Cost or revaluation | ||||||||||||
| At 1April 2021 | 34,058 | 6,317 | 72,601 | 112,976 | ||||||||
| Additions | 50 | 17 | 67 | |||||||||
| At 31March | 2022 | 34,058 | 6,367 | 72,618 | 113,043 | |||||||
| Depreciation | and impairment | |||||||||||
| At 1April 2021 | 24,664 | 5,074 | 62,109 | 91,847 | ||||||||
| Depreciation | charge forthe | 3,410 | 620 | 2,623 | 6,653 | |||||||
| year | ||||||||||||
| At 31March | 2022 | 28,074 | 5,694 | 64,732 | 98,500 | |||||||
| Net book values | ||||||||||||
| At 31March | 2022 | 5,984 | 673 | 7,886 | 14,543 | |||||||
| At 31March | 2021 | 9,394 | 1,243 | 10,492 | 21,129 | |||||||
| 12 | Investments | |||||||||||
| Investment | in Subsidiaries | |||||||||||
| The company | has the | foliowing | subsidiary | undertakings: | ||||||||
| Capital | ||||||||||||
| and | ||||||||||||
| reserves | Profit/(lo | |||||||||||
| at end of | ss) for | |||||||||||
| Country of | the | the | ||||||||||
| incorporation | Class of | Sf age of | relevant | relevant | ||||||||
| Name ofcompany | (Ifnot UK) | shares held | shares held | year | year | |||||||
| E | 6 | |||||||||||
| England | and | |||||||||||
| SCTTrading | Limited | Wales | Ordinary | 100 |
| 13 | Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| 6 | 6 | ||||||||
| Prepayments | and accrued income | 241 | 1,042 | ||||||
| 241 | 1,042 | ||||||||
| 14 | Creditors: | ||||||||
| amounts | falling due within one | year | |||||||
| 2022 | 2021 | ||||||||
| 6 | 6 | ||||||||
| Accruals | 6,525 | 1,074 | |||||||
| 6,525 | 1,074 | ||||||||
| 15 | Movement | in | funds | ||||||
| Incoming | |||||||||
| resources | At 31 | ||||||||
| Resources | |||||||||
| At 1April | (including other |
expended | March 2022 |
||||||
| 2021 | gains/losses) | ||||||||
| 6 | |||||||||
| Restricted | funds: | ||||||||
| Restricted | income funds: | ||||||||
| 13,198 | (744) | 12,454 | |||||||
| Total | 13,198 | (744) | 12,454 | ||||||
| Unrestricted | funds: | ||||||||
| General funds | 200,490 | 215,650 | (231,600) | 184,540 | |||||
| Total funds | 213,688 | 215,650 | (232,344) | 196,994 | |||||
| 16 | Analysis of | net assets between | funds | ||||||
| Unrestricted | Restricted | ||||||||
| Total | |||||||||
| funds | funds | ||||||||
| 6 | 6 | ||||||||
| Fixed assets | 10,080 | 4,463 | 14,543 | ||||||
| Net current | assets | 182,451 | 182,451 | ||||||
| 192,531 | 4,463 | 196,994 | |||||||
| 17 | Reconciliation | ofnet debt | |||||||
| At 31 | |||||||||
| At 1April | March | ||||||||
| 2021 | Cash flows | 2022 | |||||||
| 6 | 6 | 6 | |||||||
| Cash and | cash | equivalents | 192,591 | (3,856) | 188,735 | ||||
| 192,591 | (3,856) | 188,735 | |||||||
| Net debt | 192,591 | (3,856) | 188,735 |
| Annual co |
mmitments under non-cancellable o |
perating leases are as |
follows: | ||
|---|---|---|---|---|---|
| 2022 | 2022 | 2021 | 2021 | ||
| Land and | Land and | ||||
| Other | Other | ||||
| buildings | buildings | ||||
| E | g | ||||
| Operating | leases with expiry date: | ||||
| Pension commitments | |||||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| The pension cost charge to the company | |||||
| amounted | to: | 2,565 | 932 |
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| funds | Total funds | Total funds | ||||
| 2022 | 2022 | 2022 | 2021 | |||
| E | E | E | E | |||
| income and endowments | from: | |||||
| Donations and legacies |
||||||
| Donations | 242 | 242 | 30 | |||
| 242 | 242 | 30 | ||||
| Charitable activities |
||||||
| Lettings and rentals | 104,751 | 104,751 | 26,680 | |||
| Cafe | 41,270 | 41,270 | 7,242 | |||
| Centre running | costs | 29,851 | 29,851 | 16,323 | ||
| 175,872 | 175,872 | 50,245 | ||||
| Other trading activities |
||||||
| 4,092 | 4,092 | 19 | ||||
| 4,092 | 4,092 | 19 | ||||
| Other | ||||||
| Misc income | 62 | 62 | ||||
| Furlough scheme |
19,382 | 19,382 | 55,795 | |||
| COVID grants | 16,000 | 16,000 | 39,857 | |||
| 35,444 | 35,444 | 95,652 | ||||
| Total income and endowments | 215,650 | 215,650 | 145,946 | |||
| Expenditure on: |
||||||
| Other expenditure | ||||||
| Skyway expenses | 112 | 112 | 750 | |||
| Canteen, cafe | &cafe machine | 17,299 | 17,299 | 5,840 | ||
| ADC Premises | costs | 30,827 | 30,827 | 14,835 | ||
| 48,238 | 48,238 | 21,425 | ||||
| Employee costs | ||||||
| Salaries/wages | 146,486 | 146,486 | 138,533 | |||
| Employer's NIC |
6,855 | 6,855 | 6,478 | |||
| Pension costs | 2,565 | 2,565 | 932 | |||
| Staff training | 160 | 160 | 1,298 | |||
| 156,066 | 156,066 | 147,241 | ||||
| Premises costs | ||||||
| Rates | 2,396 | 2,396 | ||||
| Premises cleaning | 2,555 | 2,555 | 3,085 | |||
| Premises repairs and maintenance |
3,493 | 3,493 | 3,819 | |||
| 6,904 |
| Shoreham Community Trust Umited |
Shoreham Community Trust Umited |
Shoreham Community Trust Umited |
||||
|---|---|---|---|---|---|---|
| Detailed Statement of Finandal | Actlvldes | |||||
| Depreciation of land and buildings |
2,666 | 3,410 | 3,406 | |||
| Depreciation ofComputer website design |
and | 620 | 620 | 1,579 | ||
| Depreciation ofFixtures and fittings |
2,623 | 2,623 | 3,497 | |||
| Bank charges | 1,653 | 1,653 | 1,142 | |||
| Equipment expensed |
684 | 684 | 1,191 | |||
| Equipment leasing and hire charges |
1,145 | 1,145 | 1,261 | |||
| General insurances | 1,926 | 1,926 | 1,919 | |||
| Information and publications |
375 | 375 | ||||
| Postage and couriers | 475 | 475 | 94 | |||
| Subscriptions | 814 | 814 | 1,991 | |||
| Sundry expenses | 186 | 186 | 18 | |||
| Telephone, fax and broadband |
1,702 | 1,702 | 1,686 | |||
| 14,869 | 744 | 15,613 | 17,784 | |||
| Legal and professional costs |
||||||
| Accountancy and bookkeeping |
900 | 900 | ||||
| Consultancy fees |
1,643 | 1,643 | 2,243 | |||
| Other legal and professional costs |
1,440 | 66 | ||||
| 3,983 | 3,983 | 3,209 | ||||
| Total ofexpenditure ofother |
costs | 231,600 | 744 | 232,344 | 196,563 | |
| Total expenditure | 231,600 | 744 | 232,344 | 196,563 | ||
| Net gains on investments | ||||||
| Net expenditure | (15,950) | (744) | (16,694) | (50,617) | ||
| Net expenditure before other gains/(losses) |
(15,950) | (744) | (16,694) | (50,617) | ||
| Other Gains | ||||||
| Net movement in funds |
(15,950) | (744) | (16,694) | (50,617) | ||
| Recondllat)on offunds: |
||||||
| Total funds brought forward |
200,490 | 13,198 | 213,688 | 264,305 | ||
| Total funds carried forward | 184,540 | 12,454 | 196,994 | 213,688 |