2023-03-31-accounts - Shoreham Community Trust Limited

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			Pages
Trustees Annual Report			2to15
independent Examiner's	Report			16
Statement ofFinancial	Activities			17
Summary Income and Expenditure		Account		18
Balance Sheet				19
Notes tothe Accounts			20to	26
Detailed Statement ofFinancial Activities			27to	28

1.	Introduction
2.	Purpose ofthe Charity		4to 5
3.	Main Activities		5to 6
4.	Public Benefit Statement
5.	Contributions made by	Volunteers
6.	Main Achievements		6to7
7.	Action Plan		Bto9
8.	Fundraising Objectives		9to 10
9.	Reserves Policy
10.	Principal Risk
11.	Structure, Governance	&Management	11to 13
12.	Financial Review		13to 14
13.	Long Term Achievements		14
14.	Related Parties &Trustee Responsibilities		14to 15
15.	Declarations		15
16.	Annual General Meeting		15


1.Target: Form Trustee team to			negotiate a new lease with Adur		District Council as a High		priority
	Action:		Chair oftrustees
	When:		31stMarch 2023
2.Target: Maintain	a minimum		of 3-6 months expenditure	in	reserve 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
mutualinterest
	Action:		Chairman/ Centre manager	Treasurer 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
5.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
	When:		With immediate effect
6.Target: Create agenda time forTrustees, ADC and other stakeholders to discuss new opportunities,
including long-term	building development aspirations for the Centre, and toassess barriers						to success
	Action:		SWOT analysis with Trustees,		ADC representatives	- AWC, Centre
			Manager

		When:	Date tbc	upon completion oflease
7.Target: Determine		an integrated	media,	advertising and promotional		strategy and			implementation
plan
		Action:	Trustees	&Marketing subcommittee
		When:	April 2024 Previously not achieved			due	to	the	passing of John
			Griffin (former trustee) and the need			for	an additional				trustee to
			take on this role
8.Target: Examine ways to further			develop	Skyway Gallery activities following the appointment ofa
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 Capitalsub-committee	in conversation				with		ADC AWC
		When:	Date tbc	(upon completionof lease	anticipated			in	2024)
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 2022/24 we are reviewing			and updating all our governance			documents			and policies
held on file
		Action	Trustees	and Centre Manager
			Ongoing

Signature
Full Name	Ma	s
Position	Chair
Signature
Full Name	ianice Roberts
Position	Treasurer
Date

		stdcted	strhsed
		funds	funds	Reserves	Total funds	Total funds
		20282028		202$	202$	2022
	Notes	E	6	6	E	E
Income and endowments
from:
Oonations and legacies	4	2			2	242
Charitable activities	5	269,691			269,691	175872
Other trading activities Other	6 7	7,880 2'			7,880 2,067	4,092 $5,444
Total		279,640			279,640	215,650
	8	258,100	744		258,844	252,$44
Total		258,100	744		258,844	2$2,$44
Net gains on investments
Not Income/(espendhnm)	9	21,540	(744)		20,796	(16,694)
Transfers between funds
Net Income/(sspendhum) before other gains/(losses)		21,540	(744)		20,796	(16,694)
Other gains and losses
Net movement in funds		21,540	(744)		20,796	(16,694)
Recondgathm offunda
Total funds brought forward		184,540	12,454		196,994	21$,688
Total funds carried forvrard		206/I80	11,710		217,790	196,994

				2029	2022
				6	E
Income				279,640	215,650
Gross income for		the year		279,640	215,650
Expenditure				251,890	225,691
Depredation	and	charges	for
impairment	ofAxed assets			6,954	6,653
Total expenditure		forthe	year	258,844	252,944
Net income/(expenditure)			before tax
for the year				20,796	(16,694)
Net income	/(expenditure		)forthe year	20,796	(16,694)

Company No.	03567456	03567456	Notes	2023	2022
				6	6
Tangible assets			11	16,488	14,543
Investments			12
				16,488	14,543
Cmrent assets
Debtors			13	19~8	241
Cash at bank	and in hand			185,185	188,735
				240,74$	188,976
Creditors: Amount		falling due within one year	14	(3,441)	(6,525)
Net cmrent assets				201302	182,451
Total assets less	current gabgitles			219,926	196,994
Net assets endudlng		pension asset or Rabigty		217,790	196,994
Total net assets				217,790	196,994
The funds ofthe	charity
Restricted funds			15
Restricted income funds				11,710	12,454
				11,710	12,454
Unrestricted funds			15
General funds				206,080	184,540
				206,080	184,540
Total funds				217,790	196,994

Fund accou	nting
Unrestdicted	funds	General funds are unrestricted funds which are available to use at the discretion of
		the Trustees in furtherance ofthe general ob)ectives ofthe company and which
have not been designated for other purposes.
Designated	funds	These are unrestricted funds earmarked bythe trustees for particular purposes.
Reserved designated		Reserved designated funds comprise unrestricted funds that have been set aside by
funds		the Trustees for particular purposes. the aim and use ofeach designated fund isset
		out in the notes tothe financial statements.
Restricted funds		Restricted funds are funds which areto 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 isset out in the
		notes tothe financial statements.
Income
Recognition	of	All incoming resources are included in the Statement offinancial activities when
income		the company is legally entitled tothe income and the amount can be quantified
		with reasonable accuracy.
Donated services or		Donated services orfacilities, which comprise donated services, are induded in
facglties		income at avaluation which Is an estimate ofthe financial cost borne bythe donor
		where such a cost is quantifiable and measurable. No income is recognised where
		there is no finandal cost borne by athird party.
Income tax		Income tax recoverable in relation to donations received under Gift Aid ordeeds of
recoverable		covenant is recognised atthe time ofthe donation.
		Income tax rectwerable in relation to investment income is recognised atthe time
		the investment income is receivable.

			Unrestricted	Restricted
			funds	funds	Reserves	Total funds
			2022	2022	2022	2022
Income and endowments		from:
Donations	and legacies		242			242
Charitable	activities		175,872			175,872
Other trading activities			4,092			4,092
Other			35,444			35,444
Total			215,650			215,650
Expenditure on:
Other			231,600	744		232,344
Total			231,600	744		232,344
Net income			(15,950)	(744)		(16,694)
Net income before other
gains/(lasses)			(15,950)	(744)		(16,694)
Other gains and losses:
Net movement	in funds		(15,950)	(744)		(16,694)
Recondgation	offunds:
Total funds brought forward			200,490	'13,198		213,688
Total funds carried forward			184,540	12,454		196,994

Income from donati	ons and legades
	Unrestricted		Restricted	Endowment	Total	Total
					2023	2022
		E			E	E
Donations		2			2	242
					2	242

Income	from charitable a	ct(sides
		Unrestricted	Restricted	Endowment	Total	Total
					2023	2022
						E
Lettings	and rentals	157,387			157,387	104,751
Cafe		75,571			75,571	41,270
Centre	running costs	36,733			36,733	29,851
		269,691			269p691	175g872

6	Income from	other trad	ing a	cthrides
				Unrestricted	Restricted	Endowment	Total	Total
							2023	2022
					6	E
	Income from subsidiary	trading		7,880			7,880	4,092
				7,880			7,880	4,092
7	Other income
				Unrestricted	Restricted	Endowment	Total	Total
							2023	2022
				E			E	E
	Misc income			465			465	62
	Furlough scheme							19,382
	COVID grants							16,000
	Interest
	received			1,602			1,602
				2,067			2,067	35,444
8	Other expenditure
				Unrestricted	Restricted	Endowment	Total	Total
							2023	2022
							E
	Skyway expenses			2,580			2,580	112
	Cafe supplies hire	and machine		29,475			29,475	17,299
	Adur District Council premises costs			31,858			31,858	30,827
	Employee costs			164,560			164,560	156,066
	Premises costs			8,565			8,565	8,444
	Amortisation,	depredation,
	impairment,	profit/loss	on	6,210			6,954	6,653
	disposal offixed assets
	General administrative		costs	12,256			12,256	8,960
	Legal and professional		costs	2,596			2,596	3,983
				258,100			258,844	232,344
9	Net income/(expenditure)		before transfers
						2023		2022
	This is stated	after charging:				E		E
	Depreciation	ofowned	fixed	assets		6,954		6,653

Staffcosts
			2023	2022
			E	E
Salaries and wages			137,560	146,486
Social security	costs		23,573	6,855
Pension costs			3,282	2,565
			164,415	155,906
No employee	received emoluments	in excess ofE60,000.

The average	during the year was as follows:
	2023	2022
	Number	Number
Staff	21	20
	22	22

Tangible fixe	d assets
		land and	Computer		fixtures and
		buildings	and website design	Equipment	fitdngs	Total
			E
Cost or revaluudon
At1April 2022		34,058	6,367		72,618	113,043
Additions		8,480	420			8,900
At 31March	2023	42,538	6,787		72,618	121,943
Oepredatlon	and
Impairment
At1April 2022		28,074	5,694		64,732	98,500
Depreciation	charge forthe	4,258			1,971	6,954
year
At 31March	2023	322332	6,419		66,703	105,454
Net book values
At 31March	2023	10,206	368		5,914	16,488
At 31March	2022	5,984	673		7,886	14,543

The company has the fall	owing subsidiary unde	rtakings:
				Capful and
				resolves at	Profit/(loss
	Country of			end ofthe	)forthe
	incorporation	Gass of	%ege of	relewult	relevant
Name ofcomPany	(Ifnot UK)	shares held	shares held	year	year
				E	E
	England and
SCTTrading Urnited	Wales	Ordinary

13	Debtors
						- 2023		2022
						E		6
	Other debtors					14,110
	Prepayments		and accrued income			5,448		241
						19,558		241
14	Creditors:
	amounts falling due within one year
						2023		2022
						E		E
	Other taxes	and social security
	Other creditors					334
	Accruals					3,107		6,525
								6,525
15	Movement	in	funds
					Incoming
					resources	Resources	Sross	At 31
			At	1April	(induding other	expended	transfers	March 2023
				2022	gains/losses)
					E
	Restricted funds:
	Restricted income funds:
			12,454			(744)		11,710
	Total		12,454			(744)		11,710
	Unrestricted	funds:
	Deneral funds		184,540		279,640	(258,100)		206,080
	Total funds		196,994		279,640	(258,844)		217,790
16	Analysis of	net assets between funds
					Unrestricted	Restricted	Endowment
								Total
					funds	funds	funds
					E	E	6	E
	Fixed assets				12,769	3,719		16,488
	Net current	assets			201,302			201,302
					214,071	3,719		217,790

			Unmstdcte
			d funds			Total funds	Total funds
			2023	2023	202S	2023	2022
			6	E	E	E	6
Income and endowments		from:
Donations and legades
Donations						2	242
						2	242
Charitable activities
Lettings and rentals			157,387			157,387	104,751
Cafe			75,571			75,571	41,270
Centre running	costs		36,733			36,733	29,851
			269,691			269,691	175,872
Other trading activities
Income from trading subsidiary							4,092
			7,880				4,092
Other
Misc income			465				62
Furlough scheme							19,382
COVIO grants							16,000
Interest received			1,602			1,602
			2,067			2,067	35,444
Total Income and endowments			279,640			279,640	215,650
Expendltme on:
Other expenditure
Skyway expenses			2,580			2,580	112
Canteen, cafe	&cafe machine		29,475			29,475	17,299
ADC premises	costs		31,858			31,858	30,827
						63,913	48,238
Employee costs
Salaries/wages			137,560			137,560	146,486
Employer's NIC			23,573			23,573	6,855
Pension costs			3,282			3,282	2,565
Stafftraining			145			, 145	160
			164,560			164,560	156,066
Premises costs
Rates			3,713			3,713	2,396
Premises cleaning			2,992			2,992	2,555
Premises repairs and maintenance			1,860			1,860	3,493
			8,565			8,565

General administrative	costs,	costs,
Indudlng depredation	and
amord sation
Depredation ofland and buildings			3,514		4,258	3,410
Depredation ofComputer website design		and	125		725	620
Oepredadon of
Depredation ofFixtures and fittings			1,971		1,971
Bank charges			2,060		2,060	1,653
Equipment expensed			789		789	684
Equipment leasing and hire charges			1,350			1,145
General insurances			1,105		1,705	1,926
Information and publications			134		134	375
Postage and courlers			603		603	475
Subscrlptlons			3,468		3,468	814
Sundry expenses			276		216	186
Telephone, fax and broadband			1,871		1,871	1,702
			18,466		19,210	15,613
Legal and professional	costs
accountancy and bookkeeping			900		900	900
Consultancyfees			1,643		1,&8	1,643
Other legal and professional
costs
			2,596		2,596	3,983
Total ofexpenditure of	other	costs	258,100		258,844	232,344
'Total expenditure			258,100		258JM4	232,344
Net gains on investments
Net Income/(expendltum)			21,540	(744)	20,796	(16,694)
Transfers between funds
Net Income/(erqmnditum) other gains/(losses)	before		21,540	noel	20,796	(16,694)
Other Gains
Net movement In funds			21,540	(744)	20,796	(16,694)
Recondgedon offunda
Total funds brought forward			184,540	12,454	196,994	213,688
Toml funds carried forward			206,080	11,710	217,790	196,994