||||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|