Shoreham Community Trust Limited
Charity No. 1070530
Company No. 03567456
Trustees, Report and Unaudited
Accounts 31 March 2024
Shoreh

Shoreham Community Trust Limited
Contents
Pages
Trustees Annual Report
Independent Examiner's Report
Statement of Financial Activities
2to15
16
17
Summary Income and Expenditure Account
Balance Sheet
18
19
Notes to the Accounts
20to27
Detailed Statement of Financial Activities
28to29
Page 1

Shoreham
Trustees, Annual Report
(Including Dirertors, report)fvr the period
5t
l Apri12023 to 31"March2024
Charity name:
Shoreham Community Trust
Charity Registration No.:
1070530
Company No.:
3567456
Page 2
Shoreham
Community Trust

SHOREHAM COMMUNITY TRUST
ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
Contents
Page
Introduction
Purpose of the Charwty
4t05
Main Activities
5t06
Public Benefit Statement
Contributions made by Volunteers
Main Achievements
6t07
Action Plan
7t09
Fundraising Objettives
9tolO
Reserves Policy
io
io.
Principal Risk
io
ii.
Structure, Governance & Management
IOto13
12.
Financial Review
13
13.
Long Term Achievements
13
14.
Related Parties & Trustee Responsibilities
14
15.
Declarations
15
16.
Annual General Meeting
15
Page 3
Shoreham
Community Trust

Introduction
The Shoreham Centre building is a focal point in the town, bringing the community together through
multiple activities.
It is owned by the local authority and leased to the Shoreham Community Trust (SCTJ, and in 2015/16
was substantially refurbished by Adur District Council (ADCJ with three objectives in mind:
Firstly, to improve the scfs offer to the community, enhancing its quality and ability to be used by a
wide range of hirers, community groups and voluntary organisations.
Secondly, to accommodate the local authority as its strategic base, serving the Adur Distritt with
customer council services.
Thirdly, to support a number of charitable bodies including Citizens Advice and 4Sight, by housing their
business activities within the complex.
The net result is a lively hub for the town which offers leisure, civic and professional services of all
kinds, being at the very heart of the town, district and wider community.
The trustees, who are also directors of the charityforthe purposes of the Companies Act 2006, present
their report with the financial statements of the charity for the year ended 31st March 2024. The
trustees have adopted the provisions of Accounting & Reporting by Charitie5: Statement of
Recommended Prattice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard, applicable in the UK and Republic of Ireland.
The Trust's constitution reflects the requirements of modern charity legislation and recommended
good practice for a Charity.
Responsibility for the overall control of the Trust's affairs rests in the board of managing trustees.
elected each year by the membership at the AGM.
The Trustees herewith present their report, together with the Independently Examined Financial
Statements of the Trust, for the financial year beginning on 1st April 2023 and ending on 31st March
2024.
Purpose of the Charity
The principal activity of the Trust in the period under reviewwas that of runningThe Shoreham Centre
in line with the Charity's objects which are to-
"Promote for the benefit of the inhabitants of Shoreham-by-5ea and neighbourhood without
distinction of sex. colour. race or of political. religious or other opinions by associating the local
authorities, voluntary organisations and inhabitants in a common effort to advance education and to
provide facilities in the interest of social welfare for recreation and leisure-time occupation with the
object of improving the conditions of life of the said inhabitants."
Page 4
Shoreham
Community Trust

Also "to co-operate with any statutory local authority in the maintenance and management of the
premises known as The Shoreham Centre, 2 Pond Road, Shoreham by Sea. West Sussex. BN43 SWU.
for attivities promoted by the company and its constituent bodies in the furtherance of the above
objects."
Main Artivities
Room Hire
We hire out room space to local community groups to further our Charity objectives where people
can come together to play, learn and celebrate.
Pond Cafe
Our Pond Cafe is a community cafe offering refreshments for those using and visiting the Centre. The
finances of the cafe are held in a designated fund with any surplus used, as determined by the trustees.
to further our primary charity objectives.
The Pond Cafe offers a popular service of refreshments and lunches for users of the Centre.
addition, the staff provide an outside catering service when requested and occasionally cater for larger
community events held in The Shoreham Centre. Our hospitality portfolio continues to increase and
is becoming a key part of the cafe's offering to local businesses and community groups who use the
centre.
After a period of team building and planning. Skyway gallery was launched on 16th September 2016
and formally became part of the Shoreham Community Trust on 15th August 2017.
Skyway Gallery is a contemporary community-centre gallery space, which provides a flexible and
affordable context for the promotion of art and culture.
Skyway Gallery has two main purposes: The advancement of the arts & culture and the advancement
of education in the arts. Our aim is to stimulate creatlvity, diversity and activity in the visual arts, as
well as strengthening and promoting the well-being of the wider community.
Skyway Gallery exists within a public shared Space and has a weekly average footf311 of 1,000 to 1.500
people, therefore providing the opportunity for people who wouldn't normally be exposed to the
visual arts to engage with a varied and changing body of work. The Gallery also provides hire space
with exhibition opportunities for art groups and clubs. educational establishments and individuals to
exhibit, promote and on occasion sell their work during their exhibition period.
Other re
ular artivities at The Shoreham Centre include:
Arts and crafts
Dance
Drama
Fitness classes & training
Education
Preschool activities
Page 5
Shoreham
Community Trust

Music
Public meetings
Blood Donation
Wednesday Market
Martial arts
Choir
Skyway Gallery
Wedding receptions
Themed events
Church services
Public Benefit ststement
The Trustees pay full regard to the Charity Commission's guidance on public benefit. They apply it in
their general overview of the Trust's affairs and have done so direttly in relevant areas of decision-
making during the year.
Contributions made by Volunteers
The Trust has members who volunteer for a range of roles including preparing and running social
events, distributing publicity, attending Skyway Gallery Exhibitions and maintaining the premises.
The management committee would like to record its great appreciation for the continued support
given by unpaid volunteers who assist with the running of all aspetts of The Shoreham Centre.
Main Achievements
General
The building is in continuous use throughout the week by the local community, including the
weekends. It is full of many diverse community groups making great use of the space. The variety of
these groups is in itself testament to the flexibility, affordability and quality of what the Centre can
offer our community.
Princi
al Fundin
sources
The principal funding source is from room lettings to local community groups.
Fundraising events are held during the year and include a weekly Wednesday indoor market, craft
fairs and other events held by local charities and community groups.
The Pond Cafe, whilst not a principal funding source, exists, however, within our funding forthe users
of the Centre. Skyway Gallery. although again is not a principal funding source. however, it exists
within a public shared space and has a weekly average footfall of 1.000 to 1,500 people.
Page 6
Shoreham
Community Trust

Pond Cafe
The Pond Cafe has grown in its reputation in providing a meeting place for the community- Mothers
with their babies meet friends regularly in the cafe area for drinks and chats. Due to the ever-
increasing costs to run the cafe we have worked hard to keep any price increase5 to a minimum and
the cafe is now back to pre-pandemic usage levels and is an affordable place for the community to eat
and drink.
Sk
Galle
Listed below are the many Exhibitions and workshops that occurred during 202312024.
A new newsletter has been introduced which is sent out electronically.
SCTTradin
Limited
This is a subsidiary company of Shoreham Community Trust. It was set up during 2019 to provide a
licenced bar service for the users of Shoreham Community Trust to hire for their events. Any surplus
foreach year is gifted to Shoreham CommunityTrustto improvethe building and servicesSCT provides
to the community. Approval for any gift transfers is attioned at the formal Annual General Meeting.
Action Plan
Artion Plan Artion Plan 2024- 2025
l. Target: Continue to negotiate a new lease with Adur District Council as a High priority.
ction:
Chair of trustees & team
When:
30th Sept 2024
2. Target.. Maintain a minimum of 3-6 months expenditure in reserves with the aim to achieve 6
months in reserves in the coming two years.
ction:
reasurer
When:
Ongoing
3. Target.. Set up quarterly review meetings between AWC officers and Trustees to discuss subjects o
mutual interest.
ction:
Chairman/ Centre manager Treasurer to agree timetable with AWC
When:
Upon completion of lease agreement
Page 7
Shoreham
Community Trust

Target: Trustees to annually review hire fees for all Spa￿5.
Action:
Manager & Treasurer
When:
End of third 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:
ith immediate effett
6. Target: Create agenda timeforTrustees, Awcand other stakeholdersto discuss new opportunities,
including long-term building development aspirations for the Centre, and to assess barriers to
uccess.
ction:
WOT analysis with Trustees, ADC representatives - AWC, Centre Manager
When:
Upon completion of lease agreement
7. Target.. Determine an integrated media, advertising and promotional strategy and implementation
plan.
ttion.. Trustees & Marketing sub-committee
. Target.. Examine ways to further develop'skyway Gallerf activities following the appointment of a
Curator to manage the facility.
Action:
rustee Board & Skyway Gallery sub-committee
When:
Ongoing
When:
pril 2024 Previously not achieved due to the passing of John Griffin (former trustee) and
he need for an additional trustee to take on this role
. Target: Formulate the long-term building development aspirations.
ction:
rustees and Capital sub-committee in conversation with ADC AWC
When:
Upon completion of lease agreement
Page 8
Shoreham
Community Trust

10. Target: Continue commitment to train staff in appropriate skills and draw up suitable programmes
o accomplish individual progress.
Action:
t3￿Ing sub-committee
When:
Ongoing
11. Target- For 2023124 we are reviewing and updating all our governance documents and policies
held on file.
Action
rustees and Centre Manager
Ongoing
Fundraising Objectives
General
Our fundraising activities allow us to put on events that are free for the public. We invite local,
talented and inspirational people who want to contribute. being part of a community hub and part of
the entertainment on event days. These events have been well received and grow every year. and we
will continue to provide them. In previous years we had provided a Christmas Lunch on Christmas
Day. which wasfree of chargeto anyone who wishesto comealong. The day is provided byvolunteers,
trustees and staff working together.
Pond Cafe
We provide good quality food and drinks at an affordable price and compare favourably with other
providers in the community. We ensure our Pond Cafe provides regular meals for senior citizens in the
community at an affordable community price.
Sk
Galle
Pro
ramme 2023
Date
Exhibitions and worksho
April
May
June
Coastal Forms - exhibition
Intertwinings exhibition
Adur Arts Trail- exhibition
A Collaboration exhibition
Making Room- charity exhibition
Lancing Arts Club - exhibition
Steyning Creatives- exhibition
Celebrating Colour- exhibition
Winterset Group- exhibition
July
September
October
November
December
Page 9
Shoreham
Community Trust

Mixed Media Art- workshop
Sk
Galle
Pro
ramme 2024
Date
February
Kathryn Matthews- exhibition
Reserves Policy
The Directorsnrustees endeavourto maintain sufficient reserves in order to ensurethat funds remain
available to enable the Centre to continue to operate in the furtherance of the objectives of the
charity.
The reserves held are 3 months, worth of annual expenditure in line with Charity Commission
recommendations. Policy approved by Trustees 15th August 2017.
With all the unforeseen disruption caused by the pandemic season a few years ago, our Reserves
Policy has proven to be a vital cushion in surviving the financial challenges of this season.
io.
Principal Risk
Shoreham Community Trusys principal risk is that we still have no lease in place with Adur District
Council. We requested to have a lease offering us 20-25 years but have only been offered 15 years in
the draft documents so far. We will also need the management document to be workable for us if we
are able to grow and not be restricted.
The Trust is currently working on how to acknowledge and celebrate its 50th anniversary and planning
for this is underway. We recognize this is some achievement to have survived for 50 years with many
challenges overcome. and we look forward to celebrating this with hirers, staff. trustees and local
partners, old and new.
ii.
Structure. Governance & Management
The charity is controlled by its governing document, a deed of trust. and constitutes a limited company
(limited by guarantee) as defined by the Companies Att 2006.
Shoreham Community Trust is a company limited by guarantee governed by its Memorandum and
Articles of Association dated 20th May 1998. It is registered as a charity with the Charity Commission.
During the year, our Trustees considered issues relating to membership of the Trust and how to
encourage this amongst hirers of the Centre. alongside individual membership. At a meeting of
Trustees, it was proposed to offer all hirers membership, without charge. If not already members,
larger organisations or groups would be encouraged to organise representation from amongst their
membership.
Anyone over the age of 18 can become a member of the charity. Please note. however. that voting
rights at the AGM are restricted to the representatives who have signed the relevant documentation,
Page10
Shoreham
Community Trust

stating they uphold the objectives of the Charitynrust. Forms are available from the office at The
Shoreham Centre
Trustee Selection
At the AGM Trustees willing to stand may be reappointed by rotation for a further term by fellow
Trustees. The optimum term is nine years. but Trusts can decide their own length of service criteria
as appropriate.
When contemplating Trustee selection, the Board will actively consider aspetts of diversity and
inclusivity for the Board to be fully representative of the local community.
Trustee Induction & Trainin
New Trustees are obliged to undergo a systematic induction programme overseen by existing
Trustees. This includes the provision of a comprehensive data pack and facilities tour of the Centre,
including introductions to managers and staff. Training programmes are available and offered on an
ad hoc basis as required and appropriate.
Governance
All Policies and Documentation are electronically captured in the Governance Archive. This is updated
on an ongoing basis and includes Charity Commission rules and guidelines and stafflemployee policies.
Day-to-day management of The Shoreham Centre is carried out by our small office team, supported
by cleaners and caretaking staff who are confident and happy to deal with visitors, questions and
enquiries.
The Centre Manager provides a tour of the building, during which time they meet key employees.
Health & Safety and Safeguarding training are provided by the appropriate officer of the Trust.
The Mana
ement Committee
Trustees
Members of the Management Committee. who are directors for the purpose of company law and
trustees for the purpose of charity law. and who served during the period and up to the date of this
report are:
Matt D vis
Chair
Val Garland
Vice Chair
(resigned 18 March 2024)
Treasurer
Janice R berts
Kate Green
Committee Member
Madeleine Empson
Tony Bourne
Committee Member
Committee Member
{appointed 25 September 20231
Page11
Shoreham
Community Trust

Paul Comber
Committee Member
(appointed 25 September 2023
Committee Member
Danny McBride
(resigned 22 September 2023)
Registered Charity No. 1070530, Address". Theshoreham Centre. 2 Pond Road, Shoreham by Sea, West
Sussex, BN43 SWU.
-to-da
Mana
ement
Management of The Shoreham Centre is carried out by our small team in the office, plus cleaners &
caretaking staff, who are pleased to deal with questions and enquiries. To get in touch. please see our
contact page on our website: www.shorehamcentre.co.uk
stsff Members
Shoreham Centre Manager
Jeremy Charlton
Zara Spanton
Deputy Manager
Events & Administration
Michele Pape
Receptionist & Administration
Skyway Curator
Caretakers
Vacant
Crimson Trebar
Lee Pomfrey
Laura Fontana
Julian Beecher
Jamie Fontana
Catering Manager
Cafe Assistant
Jennifer Moore
Karen Hibbert
Cafe Assistant
Jacqueline Martin
Karen Sando
Cafe Assistant
Cafe Assistant
Maia Terry
Vacant
Weekend Catering Manager
Cleaners
Joyce May
Debra Watson
Chelsea Watson
Page 12
Shoreham
Community Trust

Inde
endent Examiner
Accountants
Marsh & Co Accountants Limited, 254 Upper Shoreham Road, Shoreham-by- Sea, West Sussex BN43
6BF.
Bankin
Barclays Bank PLC Worthing. Chapel House. I Chapel Road. Worthing. West Sussex, BNII IEX.
12.
Financial Review
The financial statements indicate that the charity achieved a small loss of £1,696 during the year,
compared to a surplus of £20,796 for the previous year.
Total income was £313,482,
and total expenditure was £315,178.
Our Financial loss for the year was mainly due to increases in employee costs and premises costs.
All the Trust's current assets and liabilities relate to delivery of its charitable aims and objectives. The
Trust's dirett expenses in providing charitable services are the personnel and other costs involved in
running The Shoreham Centre and in making its facilities available for community activities.
A detailed account of the activities and workings of The Shoreham Centre, along with
information aboLrt
its
facilities,
management
and history,
can
found
on
website
www.shorehamcentre.co.uk.
our
13.
Long Term Achievements
The most Visible improvement over recent years has been the extension to The Shoreham Centre
and the substantial refurbishment to the interior of the building that Adur District Council has
provided.
The Shoreham Centre building is a focal point in the town, bringing the community together through
multiple activities across the district.
The introduction of the Skyway Gallery has provided the building with a real cultural flourish of which
the team are very proud. and the Pond Cafe is a wonderful gathering point for refreshments of all
kinds throughout the week.
Surrounding land which holds future development potential will only add to the long-term goal of the
building being very much at the epicentre of this vibrant town.
Adur and Worthing Council, as part of their pledge to be carbon neutral by 2030 is using part of a grant
of more than £1.8m from the Public Settor Decarbonisation Scheme to install a series of
environmentallyfriendly air source heat pumps. These heat pumps have been installed to provide the
bulk of the heating and hot water to the building which will result in lower carbon emissions.
Finally, we look forward into the next financial year in celebrating 50 years of The Shoreham Centre
welcoming the whole local community through its doors.
Page13
Shoreham
Community Trust

14.
Related Parties
There have been no related party transactions in the financial year ending 31st March 2024.
ststement of the Trustees, Res
onsibilities
Company Law requires Trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the charitable company for that period. In preparing those
financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charity SORP,.
make judgements and estimates which are reasonable and prudent;
prepare the financial statements on a "going-concern" basis (unless it is inappropriate
to presume that the charitable company will continue in operation).
The Trustees are also responsible for keeping proper accounting records which disclose with
reasonable accuracy the financial position of the charitable company. which enables them both to
ascertain the financial position of the charitable company and to ensure that the financial statements
comply with the Charities Act.
The Trustees are responsible for safeguarding the assets of the charity
and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
The trustees declare that they have approved the Annual Report at their board of trustees meeting,
and it is signed on its behalf by Matt Davis (ChGirJ and Janice Roberts (TreGsurer). See Section 15.
Page 14
Shoreham
Community Trust

15.
Declarations
The company has taken advantage of the small Companie￿ exemption in preparing the report
above.
The trustees declare that they have approved the trustees, report (including directors, report)
above.
Signed on behalf of the chariVs trustees/directors
Signature
Full Name
Matt Davis
Position
Chair
Signature
Full Name
Janice Roberts
Position
Treasurer
Date
13 January 2025
16.
Annual General Meeting
The next Annual General Meeting IAGM} of Shoreham CommunityTrust will be held in January 2025
The AGM is open to anyone who has an interest in The Trust and The Shoreham Centre.
Anyone over the age of 18 can become a member of the charity. Please note, however, that voting
rights at the AGM are restricted to the representatives who have signed the relevant documentation
stating they uphold the objectives of the Charitynrust. Forms are available from the office at The
Shoreham Centre.
Page15
Shoreham
Community Trust

Shoreham Community Trust Limited
Independent Examiners Report
Independent Examiner's Report to the trustees of Shoreham Community Trust Limited
I report to the charity trustees on my examination of the financial statements of Shoreham Community Trust
Limited for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the company {and also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Att,).
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Att and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145151 {bl of the 2011 Act.
Independent examiner's statement
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination.
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in accordance with section 386 of the 2006 Act . or
the financial statements do not accord with those records: or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination- or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102}.
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 financial
statements to be reached.
Marsh & Co Accountants Limited
254 Upper Shoreham Road
Shoreham by Sea
West Sussex
BN43 6BF
30January 2025
Page 16

Shoreham Community Trust Limited
Statement of Financial Activities
for the year ended 31 March 2024
Unrestricted
funds
Restricted
funds
Total funds Total funds
2024
2024
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
(i)
302,198
6.298
4,987
li}
302,198
6,298
4,987
269,691
7,880
2,067
Other trading attivities
Other
Totsl
313.482
313,482
279,640
Expenditure on:
Other
314,434
744
315,178
258.844
Total
314,434
744
315,178
258.844
Net gains on investments
Net (expenditure)/income
Transfers between funds
(9521
17441
{1,6961
20,796
Net (expenditure)/income
before other gainsl(losses}
(9521
17441
11,6961
20,796
Other gains and losses
Other Gains
Net movement in funds
{9521
17441
(1,6961
20,796
Reconciliation of funds:
Total funds brought forward
206,080
11.710
217,790
196.994
Total funds carried forward
205,1258
10,966
216,094
217,790
Page 17

Shoreham Community Trust Limited
Summary Income and Expenditure Account
for the year ended 31 March 2024
2024
2023
Income
313,482
279,640
Gross income for the year
Expenditure
313,482
279,640
308.666
251,890
Depreciation and charges for
impairment of fixed assets
6.512
6.954
Totsl expenditure for the year
Net lexpenditurellincome before tax
for the year
315,178
258,844
11,696}
20.796
Net (expenditure )/income for the year
11,696}
20,796
Page 18

Shoreham Community Trust Limited
Balance Sheet
at 31 March 2024
Company No.
03567456
Notes
2024
2023
Fixed assets
Tangible assets
Investments
li
12.466
16,488
12
12.466
16.488
Current assets
Debtors
Cash at bank and in hand
13
20.073
187,640
207,713
{4,0851
19,558
185,185
204.743
13,4411
Creditors: Amount falling due within one year
Net current assets
14
203,628
201,302
Total assets less current liabilities
216,094
217.790
Total net assets
216,094
217.790
The funds of the charity
Restricted funds
Restricted income funds
15
10,966
10,966
11,710
11,710
Unrestricted funds
General funds
15
205,128
206,080
205,128
206,080
Totsl funds
216,094
217,790
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under settion 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 29 January 2025
And signed on its behalf by.. M. Davis Trustee
M Davis
Page 19

Shoreham Community Trust Limited
Notes to the Accounts
for the year ended 31 March 2024
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 1021- (Charities SORP
IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and
the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies {valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accountin8
Unrestricted funds General funds are unrestricted funds which are available for use at the discretion of
the Trustees in furtherance of the general objectives of the company and which
have not been designated for other purposes.
Restritted 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 of raising and administering such funds are charged
against the specific fund. The aim and use of each restricted f und is set out in the
notes to the financial statements.
Restricted funds
Income
Recognition of
income
All incoming resources are included in the Statement of financial activities when the
company is legally entitled to the income and the amount can be quantified with
reasonable accuracy.
Donated services or facilities, which comprise donated services, are included in
income at a valuation which is an estimate of the financial cost borne by the donor
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 recoverable in relation to donations received under Gift Aid or deeds of
covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time
the investment income is receivable.
Donated services
and facilities
Income tax
recoverable
Expenditure
Recognition of
expenditure
All expenditure is accounted for on an accruals basis and has been included under
expense categories that aggregate all costs for allocation to activities. Where costs
cannot be directly attributed to particular activities, they have been allocated on a
basis consistent with the use of the resources.
Governance costs are those incurred in connection with administration of the
Governance costs
company and compliance with constitutional and statutory requirements.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Page 20

Shoreham Community Trust Limited
Notes to the Accounts
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life-
Freehold property
Computer and website
design
Fixture5 and fittings
IO% Straight line
25% Straight line
25% Reducing balance
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when theyfall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separatelyfrom the company in independently administered funds.
Receipt of donated goods. facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 21

Shoreham Community Trust Limited
Notes to the Accounts
3 Statement of Financial Activities- prior year
Unrestrirted
funds
Restrirted
funds
Total funds
2023
2023
2023
2023
Income and endowments from:
Donations and legacies
Charitable activities
269,691
7,880
2,067
269,691
7,880
2,067
Other trading attivities
Other
Total
279,640
279,640
Expenditure on:
Other
258.100
744
258,844
Total
258,100
744
258,844
Net gains on investments
Net income
21,540
1744}
20,796
Transfers between funds
Net income before other
8ainsl(losses)
Other gains and105se5:
21,540
(744}
20,796
Net movement in funds
21.540
1744}
20,796
Reconciliation of funds:
Total funds brought forward
184.540
12,454
196.994
Total funds carried forward
206,080
11,710
217,790
4 Income from donation5 and legacies
Unrestricted
Restricted Endowment
Total
Total
2024
2023
Donations
li}
li}
ii)
{1)
5 Income from charitable artivities
Unrestrirted
Restricted
Endowment
Total
Total
2024
2023
Lettings and rentals
Cafe
175,435
89,106
175,435
89,106
157,387
75,571
Centre running costs
37,657
302,198
37,657
302.198
36,733
269,691
Page 22

Shoreham Community Trust Limited
Notes to the Accounts
6 Income from other trading artivities
Unrestrirted
Restrirted Endowment
Total
Total
2024
2023
Income from trading
subsidiary
6,298
6,298
7,880
6.298
6,298
7,880
7 Other income
Unrestrirted
Restrirted Endowment
Total
Total
2024
2023
Misc income
147
147
465
Interest received
4.840
4.987
4,840
4,987
1.602
2,067
8 Other expenditure
Unrestrirted
Restrirted Endowment
Total
Total
2024
2023
Skyway expenses
Cafe supplies and machine
hire
16.133
16.133
2.580
36,734
36,734
29,475
Adur District council
premises Costs
42,151
42,151
31,858
Employee costs
Premise5 costs
185.219
7,812
185,219
7,812
164.560
8,565
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
5,768
744
6,512
6,954
11.278
9,339
314,434
11.278
9,339
315,178
12.256
2,596
258,844
Legal and professional costs
744
9 Net (expenditure)/income before
transfers
2024
2023
This is stated after charging-
Depreciation of owned fixed assets
6.512
6.954
Page 23

Shoreham Community Trust Limited
Notes to the Accounts
10 Staff costs
2024
2023
Salaries and wages
Social security costs
Pension costs
160.444
21,333
3,432
137.560
23,573
3,282
Staff
io
145
training
185.219
164.560
No employee received emoluments in excess of £60,000.
Total employee benefits received by key management
personnel
The average monthly number of full time equivalent employees during the year was as follows..
2024
Number
2023
Number
Staff
25
21
25
21
11 Tangible fixed assets
Land and
buildings
Computer
and website
design
Fixtures and
fittings
Equipment
Totsl
Cost or revaluation
At l April 2023
Additions
42,538
6,787
72,617
2.490
121,942
2,490
Disposals
At 31 March 2024
42.538
6.787
75,107
124.432
Depreciation and
impairment
At l April 2023
Depreciation charge for the
year
Disposals
At 31 March 2024
32,332
6,419
66,703
105,454
4,254
157
2,101
6,512
36,586
6,576
68,804
111,966
Net book values
At 31 March 2024
5,952
10.206
211
6,303
5,914
12,466
16,488
At 31 March 2023
Page 24

Shoreham Community Trust Limited
Notes to the Accounts
12 Investments
Investment in Subsidiaries
The company has the following subsidiary undertakings:
Capital and
reserves at Profit/(loss
end of the
) for the
relevant
relevant
Country of
incorporation
Class of
(rf not UK) shares held
%a8eof
shares held
Name of company
year
year
England and
Wales
s￿ Trading Limited
Ordinary
13 Debtors
2024
2023
Other debtors
15,197
4.876
20,073
14,110
5,448
19,558
Prepayments and accrued income
14 Creditors:
amounts falling due within one year
2024
2023
Other creditors
Accruals
334
4,085
4,085
3,107
3,441
15 Movement in funds
Incoming
resources
At31
March
(including
At l April
other
2023 gainsllosses)
Resources
Gross
expended
transfers
2024
Restricted income funds:
11,710
(744}
10,966
Unrestricted funds:
General funds
206.080
313.482
1314,4341
1315,1781
205,128
Total fund5
217.790
313.482
216,094
Page 25

Shoreham Community Trust Limited
Notes to the Accounts
16 Analysis of net assets between funds
Unrestricted
funds
Restrirted Endowment
funds
funds
Total
Fixed assets
9.491
203.628
213,119
2.975
12,466
203,628
216,094
Net current assets
2,975
17 Reconciliation of net debt
New
HP/Finance
leases
At31
March
At l April
2023
Cash flows
2024
Cash and cash equivalents
Bank overdrafts
185.185
2.455
187.640
185,185
2,455
187,640
Borrowings
Net debt
185.185
2.455
187.640
18 Commitments
Annual commitments under non-cancellable operating leases are as follows:
2024
Land and
2024
2023
Land and
2023
Other
Other
buildings
buildings
Operating leases with expiry date:
Within one year
In the second to fifth years inclusive
Over five years
1.115
1.115
1,115
1,115
Pension commitments
2024
2023
The pension cost charge to the company
amounted to:
3,432
3,282
Page 26

Shoreham Community Trust Limited
Notes to the Accounts
19 Dissenting view from one trustee
Included in Letting and rental unrestritted income, (disclosed in note 5), is income from exhibition sales
held at the Skyway Gallery £18,891 (2023- £2,630).
The Independent examiner and all the trustees. apart from one, believe that Shoreham Community Trust
Limited have complied with all relevant company and charity Standards regarding this income stream
disclosure to ensure that these accounts give a true and fair view.
They are happy they are compliant, after referring to the SORP, . 'that all income has been reported gross
when raised by the charity {or by volunteers working at the charitvs direction) or its agents. Any fee
charged for fundraising by a third party and dedutted from the amount colletted before it is remitted to
the charity must not be offset against fundraising income recognised in the accounts but be reported as
a fundraising expense,...
All exhibitors have an agreed contract in place before their exhibition starts and each contract shows the
commission that is owed per sale to each individual artist. Each sale goes through the charities bank
account and is dealt with by an employed staff member of the charity and a sales receipt is issued to the
purchaser.
The commissions payable to exhibition artlsts, as agreed in each contract, are shown and separatelv
recorded in expenses (note 8. part of Skyway expenses). Commission of £15.86912023: £913} were
expended.
The dissenting view from one trustee was that this income and expense should be shown net.
20 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the
company.
Page 27

Shoreham Community Trust Limited
Detailed Statement of Financial Artivities
for the year ended 31 March 2024
Unrestricted
funds
Total funds
Total funds
2024
2024
2024
2024
2023
Income and endowments from:
Donations and legacies
Donations
iii
li}
li}
iii
Charitable activities
Lettings and rentals
Cafe
175,435
89.106
37,657
302.198
175,435
89,106
37,657
302.198
157,387
75.571
36,733
269,691
Centre running costs
Other trading activities
Income from trading subsidiary
6,298
6,298
6,298
6,298
7.880
7,880
Other
Misc income
147
147
465
Interest received
4.840
4,987
4,840
4,987
1,602
2,067
Total income and endowments
313,482
313,482
279,640
Expenditure on:
Other expenditure
Skyway expenses
Cafe supplies and machine hire
Adur District council premises
costs
16.133
36,734
16,133
36,734
2.580
29,475
42.151
42,151
31,858
95,018
95,018
63,913
Employee costs
Salarieslwages
Employer's NIC
Pension costs
160,444
21.333
3,432
io
160,444
21,333
3,432
io
137,560
23,573
3,282
145
Staff training
185,219
185,219
164,560
Premises costs
Rates
2,836
2,888
2,836
2,888
3,713
2,992
Premises cleaning
Premises repairs and
maintenance
2,088
2,088
1,860
7.812
7.812
8,565
General administrative costs,
including depreciation and
amortisation
Page 28

Shoreham Community Trust Limited
Detailed Statement of Financial Artivities
Depreciation of land and
buildings
Depreciation of Computer and
website design
Depreciation of Fixtures and
fittings
Bank charges
Equipment expensed
Equipment le35ing and hire
charges
General insurances
3,510
744
4,254
4,258
157
157
725
2.101
2,101
1,971
2.176
1,354
2,176
1,354
2,060
789
1,115
1,115
1,350
1.363
206
1,363
206
1.705
134
Information and publications
Postage and couriers
Subscriptions
Sundry expenses
Telephone. fax and broadband
500
603
2.557
329
2,557
329
3,468
276
1.678
17,046
1,678
17,790
1.871
19,210
744
Legal and professional costs
Auditllndependent examination
fees
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
1.260
1,700
1,260
1,700
900
1,643
6.379
6,379
53
9.339
9.339
2.596
Total of expenditure of other costs
314,434
744
315,178
258,844
Total expenditure
Net gains on investments
314,254
744
314,998
258,844
Net (expenditure)/income
Transfers between funds
1952)
(744)
11,6961
20,796
Net (expenditure)/income before
other 8ainsl{losses)
Other recognised gains and losses
Other Gains
(952}
(744)
(1.6961
20,796
Net movement in funds
1952)
{744)
11,6961
20,796
Reconciliation of funds:
Total funds brought forward
206.080
11.710
217,790
196,994
Total funds carried forward
205,128
10,966
216,094
217,790
Page 29