||||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||| ## ## ## ## ## ## ## |||Un|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|monthly|number offull time equivalent|employees|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|