2025-03-31-accounts

Cmp•ny 03567456 Acfounts 31 Math 2025

Shore￿rn cOn￿Uth Trust Lknlt•d Trustees Annual Report Independent Examlnerfs Report ststement of Flnanclal ACtI￿leS 2to16 17 Summary Income and Expendtture Acc￿nt Balance Sheet 19 Notes to the Accounts to28 Oetalled Statement of Hnandal ACtI￿￿e$ 29to30

Shoreham Trustees, Annual Report (Includlnq Dlrertors, reportjfvr the perlod 1st Aprll 2024 to 31st March 2025 Charlty name: Shoreham Communlty Trust Charlty Reglstratlon No.: 1070530 Company No.: 3567456 CommunltyTNst

SHOREHAM COMMUNITY TRUST ANNUAL REPORT YEAR ENDED 31st MARCH 2025 Contents Page Introductlon Purpose of the Charlty Main Actlvltles Public Benefft Statement Contrlbutions made by Volunteers Main Achievernents Action Plan Fundralslng Objectlves 10 Reserves Policy io io. Prlnclpal Risk 11 ii. Structure. Governance & Management 11-14 12. Financial Review 13-14 13. Long Term Achievements 14 14. Related Partles & Trustee Responslbilltles 14-15 15. Declaratlons 15 16. Annual General Meeting 16 Community Trust

Introduction The Shoreham Centre building is a focal point in the town, bringingthe community together through multiple activities. It is owned by the local authority and leased to the Shoreham CommunityTrust (5CT), and in 2015116 was substantially refijrbished by Adur Distrirt Council {ADCJ wlth three objectives In rnlnd: Firstly, to improve the scfs offerto the communlty, enhancing its quality and ability to be used by a wlde ran8e of hirers, community groups and voluntary organisations. Secondly, to accommodate the local authority as its strategic base, serving the Adur District with customer council seNices. Thirdly, to support a number of charitable bodies includin8 Crtizens Advice and 4Sight, by housing their buslness actplities within the complex. The net result Is a Ilvely hub for the town whlch offers leisure, civic and professlonal services of all kinds, being at the very heart of the town, dlstrlct and wider community. The trustees, who are also dlrectors of the chartyforthe purposes of the Companles Art 2006, present their report with the flnancial statements of the charlty for the year ended 31st March 2025. The trustees have adopted the provlslons of Accounting & Reporting by Charities: Statement of Recommended Prartice appllcable to charlties preparing their accounts in accordance wlth the Financlal Reportin8 Standard, appllcable In the UK and Republlc of Ireland. The Trusts constltutlon reflects the requirements of modern charty le8lslation and recommended 8ood practKe for a Charty. Responsiblltty for the overall control of the Trust's affairs rests in the board of rnana8in8 trustees, elected each year by the membership at the AGM. The Trustees herewith present their report, together with the Independently Examlned Financial Statements of the Trust, for the financial year beginning on 1st April 2024 and endin8 on 3tst March 2025. Purpose of the Charity The principal activlty of the Trust in the period under review was that of running The Shoreharn Centre in line with the Charity's objects which are to: a Shoreham Community Trust

"Promoteforthe benefft of the inhabitsnts of Shoreham-by-sea and neighbourhood without distinttion of sex. colour, race or of political, rellgious or other oplnlons by associating the local authorities. voluntary organisatlons and inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for rec￿atIon and leisure- time occupation with the object of improving the conditions of lrfe of the said inhabitants." Also "to Co-operate wlth any statutory local authority in the rna1ntenan￿ and management of the premises known as The Shoreham Centre, 2 Pond Road, Shoreham-by-sea, West Sussex, BN43 SWU, for activities promoted by the cornpany and Its constituent bodies In the furtherance of the above objects." Main Activities We hire out room space to local communlty gr￿pS to further our Charlty objectlves where people can come together to play, learn and celebrate. Pond Cafe Our Pond Cafe Is a communlty cafe offering refreshments for those using and visiting the Centre. The finances of the cafe are held in a designated fund wSth any surplus used, as determlned by the trustees, to further our primary charlty objectlves. The Pond Cafe offers a popular service of refreshments and lunthes for users of the Centre. In addition, the staff provlde an outside catering serrfice when requested and occasionally cater for larger comrnunity events held In The Shoreham Centre. Our hospitality portfolio continues to Increase and is becoming a key part of the cafe's offerlng to local buslnesses and community groups who use the centre. After a period of tearn buildingand plannin& Skywaygallerywas launched on 16th September 2016 and formally became part of the Shoreham Community Trust on 15th Au8USt 2017. Skyway Gallery is a contemporary community-centre gallery space, which provides a flexible and affordable contextfor the promotlon of art and culture. Skyway Gallery has two main purposes: the advancement of the arts & culture and the advancement of education in the arts. Ouralm is to stimulate creativity, diversity and activity in the visual arts, as well as strengthening and promoting the well-belng of the wider community. Skyway Gallery exists within a public shared space and has a weekly average footfall 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 a Shoreham Community TNSt

also provides hire space with exhibition opportunities for art groups and clubs, educational establishments and individuals to exhibit, prornote and on occasion sell their work during their exhibition period. ular vltles The Sho ham Cerrtre Inclu Arts and crafts Dance Drama Fitness classes & training Educatlon Preschool activitles Music Public meetin8S Blood Donation Wednesday Market Martlal arts Choir Skyway Gallery Weddlng receptoons Themed events Church servlces Public Benefit Statement The Trustees pay full regard to the Charity Commisslon's guidance on public benefft. They apply It In their general overvlew of the Trusys affairs and have done so directly in relevant areas of decislon-makin8 durln8 the year. Contributions made by Volunteers The Trust has members who volunteer for a range of roles Includin8 preparing and running soclal events, distributin8 pUbl￿lty. attending Skyway Gallery Exhibitions and maintainin8the premises. The management committee would Ilke to record its great appreclatlon for the continued support given by unpaid volunteers who a55iSt with the runnin8 of all aspects of The Shoreham Centre. a Shoreham Community Twst

Main Achievements The building is in continuous Use throughout the week by the local community, including the weekends. It Is full of many diverse comrnunity 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. Prlncl I ource5 The principal fundlng source Is from room lettings to local community groups. Fundralsing 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 fundlng source, exists, however, wtthin our fundin8 for the users of the Centre. Skyway Gallery, although again is not a principal funding source, it exlsts within a public shared space and has a weekly average footfall of l.lJ)O to 1,5CK) people. Pond Cafe The Pond Cafe has grown In Its reputatlon In providln8 a meetln8 place for the communlty. Mothers wSth theSr bables meet frlends re8ularfy In the cafe area for drlnks and chats. Due to the ever-Increasln8 costs to run the cafe we have worked hard to keep any prlce Increases to a rnlnlmum and the cafe is now back to pre-pandemic usage levels and Is an affordable place for the communlty to eat and drink. Listed below are the many Exhibitlons and workshops that occurred during 202412025. A newsletter has been introduced whkh Is sent out electronlcallv. CT Tradln Llmlted This is a subsidiary company of Shoreham Community Trust. It was set up during 2019 to provide a licenced bar seplice for the users of Shoreham Community Trust to hire for their events. Any surplus for each year is gifted to Shoreham Community Trust to improve the buildlng and services scr provides to the cornrnunty. Approval for any gift transfers is actioned at the formal Annual General Meeting. Work is being undertaken to improve the seprfice offered. CommunityTrust

Action Plan 7. Action Plan Action Plan 2025- 2026 l. Target: Contlnue to negotiate a new lease with Adur District Councll as a Hlgh prlorlty. on: hair of trustees & tearn. hen: Oth April 2026. . Target: Maintaln a minlmum of 3-6 months expenditure In reseNes with the aim to achiev 6 months in reseNes In the coming two years. ction: reasurer. hen: ngolng. . Target: Set up quarterly revlew meetln8s between AWC officers and Trustees to discus ubjects of mutual Interest. ctlon: halrrnan / Centre manager / Treasurer to agree timetsble wlth AWC. Upon cornpletlon of lease agreement. . Target: Trustees to annually revlew hi￿ fees for all spaces. hen: rtlon: Manager & Treasurer. End of third Quarter. hen: Target: Hlrers and tenants to have dlrect access to the Centre manager to dlscuss an roblems / Issues. In addition, regular revlew meetlngs wlth Centre staff can be arranged t Iscus5 future needs and opportunities. ctlon: entre manager. hen: fth Immedlate effect. Community Trust

Target: Create agenda tlme for Trustees. AWC and other stskeholders to dlscuss ne pportunities. includlng long-term building development aspirations for the Centre. and t ssess barriers to success. ction: WOT analysls wlth Trustees, ADC representstTves- AWC, Centre Manager. hen: Upon completion of lease agreernent. Target: Determlne an lrtegrated media. advertisin8 and promotional Strate￿ an mplementation plan. 'on: Trustees & Marketing sub-commlttee. Target: Examlne ways to further develop 'Skyway Gallerf actlvltles followlng th appolntment of a Curator to mana8e the facillty. on: rustee Board & Skyway Gallery S￿￿CoMMIttee. hen: ngolng hen: pril 2026 . Target: Formulate the long terni building development aspirations. ctlon: rustees and Capltal sub-committee In conversatlon wlth ADC AWC. Upon completfon of lease agreement. 10. Target: Contlnue commltment to traln staff In approprlate skllls and draw up suitabl programmes to accomplish individual progress. cifon: taffing su￿ComMIttee. n8oing. l. Target: For 2024125 we are revlewing and updating all our governance documents an ollcles held on file. hen: hen: ctton: rustees and Centre Manager. hen: ngoing. Community Trust

Fundraising Objectives Our fundralslng 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 cornmunity hub and part of the entertainment on event days. These event5 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 was free of charge to anyone who wishes to come along. The day is provKled by volunteers, trustees and stsff working tO8ether. We provlde good quality food and drlnks at an affordable prKe and compare favourably with other providers In the community. We ensure our Pond Cafe provldes regular meals for senior cltlzens in the communlty at an affordable community prlce. 2024 Exhlbl and worksho In House Artlst- workshop In House Artist-workshop In House Artlst- workshop Galle Hlre - exhlbltlon Galle Hlre- exhibition Gallery Hlre- exhSbltfon June September December Gall mme2 Date Janua February In House exhibition Curator Led Worksho Reserves Policy The Dlrectorsnrustees endeavour to maintaln sufficient reserves In order to ensure that funds remain available to enable the cent￿ to continue to operate in the furtherance of the objertives of the charity. The reserves held remain above the three month's worth of annual expenditure that would be in line with Charity Commission's recommendation. due to the economic uncertainty that may arise once the lease with Adur & Worthing Council is fmalisd The change was approved by Trustee5 on 17 November 2025. io Community Trust

1. Principal Risk Shoreham Community Trusys principal rlsk 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 sofar. We will also need the managernent document to be workable for us rfwe are able to grow and not be restrlcted. The Trust is currently working on how to acknowledge and celebrate its 50th anniversary and plannlng for this Is underway. We recognlze this is some achievement to have survived for 50 years with many challenges overcome. and we look forward to celebratlng thls wlth hlrers, staff, trustees and local partners, old and new.
2. Structure, Governance & Management The charity is controlled by Its 8overnln8 document. a deed of trust. and constltutes a Ilmlted company flimited by guaranteej as defined by the Companies Act 21X)6. Shoreham CommunityTrust is a company limited byguarantee governed by its Memorandum and Artlcles of Association dated 20th May 1998. It Is re8lstered as a charty with the Char5ty Commission. During the year, our Trustees consldered issues relatingto membershlp of theTrust and how to encourage this amongst hlrers of the Centre, alongside Individual mernbership. If not already mernbers, lar8er organisations or groups would be encouraged to or8anise representation from amongst their rnembershlp. 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, statlng they uphold the objectlves of the Charitynrust. Forms are avallable from the offlce at The Shoreham Centre. ee Selectlon At the AGM Trustees willing to stand may be reappointed by rotation for a further term by fellow Trustees. The optirnum term is nine years, but Trusts can decide their own length of service criteria as appropriate. When contemplatin8 Trustee selertlon, the Board will actively conslder aspects of dlverslty and inclusivtyforthe Board to be fully representative of the local community. Trustee Inductlon & Tralnln New Trustees are obliged to undergo a systematic induction programme overseen by existing Trustees. This includes the provision of a comprehensNe data pack and facilities tour of the li Community Trust

Centre, including introductionsto managers and staff. Tralning programmes areavailable and offered on an ad hoc basis as required and appropriate. Governance All Pollcles and Documentation are electronically captured in the Govemance Archive. This is updated on an ongoing basis and includes Chaflty Commission rules and guidelines and staff/employee policies. Day-to4ay management of The Shoreham Centre Is carried ￿t by our small office team, supported by cleaners and caretakin8 Staff who are confldent and happy to deal with visitors, questions arKI enquirles. The Centre Manager provides a tour of the buildin8, durin8 which time they meet key employees. Health & Safety and Safe8uardin8 training are provSded by the appropriate officer of the Trust. Cornm Members of the Management Cornmittee. whoare dSrectors forthe purpose of company law and trustees for the purpose of charity law, and who served durSn8 the perlod and up to the date of this report are: Matt Davis Chair Tony Bourne Paul Comber Treasurer Committee Member Madeleine Empson Kate Green Committee Member Committee Member Janice Roberts Reslgned 31 March 2025 Reglstered Charity No. 1070530, address: The Shoreham Centre, 2 Pond Road, Shoreham- by-sea, West Sussex, BN43 SWU. Da -to-da Man ement Managernent of The Shoreharn Centre is carrled out by our small team In the offlce, plus cleaners & caretaking staff, who are pleased to deal with questions and enquiries. To 8et In touch, please see our contact page on our webslte: www.shorehamcentre.co.uk 12 CommunityTrust

stsff Members Shoreham Centre Manager Deputy Manager Receptlonlst & Admlnlstration Skyway Curator Caretakers Jeremy Charlton Zara Spanton Kath Lampert Crimson Trebar Lee Pomfrey Laura Fontana Julian Beecher Jamle Fontana Catering Manager Cafe Assistant Jennffer Moore Vacant Cafe Assistant Jacquellne Martln Karen Sando Cafe Asslstant Cafe Asststant Mala Terry Vacant Weekend Caterlng Manager Cleaners Joyce Mav Debra Watson Chelsea Watson Inde ndent Examlner Accountants MarkGoble, Marsh & CoAccountants Limited, 254 uppersh0￿harn Road, Sho￿ham-by-sea, West Sussex BN43 68F. Bankln Barclays Bank PLC Worthln& Chapel House, I Chapel Road, Worthin& West susse￿ BNII IEX. 12. Financial Review The financial statements indicate that the charity achieved a loss of £7,898 during the year, compared to a loss of £1,696 for the previous year. Total income was £298,614, and total expenditure was £306,512. All the Trust's current assets and liabilities relate to delivery of its charitable aims and objectives. The Trust's direct expenses in providing charitable services are the personnel and 13 Communlty Trust

other costs involved in running The Shoreham Centre and in making its facilities available for cornmunity activities. A detailed account of the activitles and workings of The Shoreham Centre, along wlth information about its facilities, management and history. can be found on our website www.shorehamcentre.co.uk. 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 DSstrlct Council has prov￿ed. The Shoreham Centre buildlng is a focal polnt In the town. bringlng the community together through multiple actlvlties across the district. The introduction of the Skyway Gallery has provided the buSldlng 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 klnds throughout the week. Surroundlng land whlch holds future development potential wlll ontry add to the long term goal ot the buildSn8 being very much at the epicentre of thls vibrant town. Adur and Worthlng Councll, as part of their pledge to be carbon neutral by 2030 Is uslng part of a 8rant of more than £1.8m from the Public Sector Decarbon15atlon Scheme to install a serles of envlronmentalty friendly air source heat pumps. These heat pump5 have been instslled to provlde the bulk of the heatlng and hot waterto the building which will result in lower carbon emissions. Flnally, we look forward to celebratin8 50 years of The Shoreham Centre, welcoming the whole local community throu8h its doors. 14. Related Parties There have been no related party transactions in the flnancial year ending 31st March 2025. Stat ntof h Trustees'Res Illtles Company Law requires Trustees to prepare fJnancial statements for each financial year which Ive 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 conslstently. observe the methods and prlnclples in the Charity SORP: 14 a Shoreham CommunityTrust

make Judgements and estimates which are ￿asonable and prudent: prepare the financial ststements on a "going-concern" basis (unless it is Inapproprlote to presume that the charitable company will continue in operationj. The Trustees are also responsible for keeping proper accountlng records which disclose wlth reasonable accuracy the financial positlon of the charltable company• whlch enables them both to ascertain the financlal position of the charitable company and to ensure that the financial statements comply with the Charities Act. The Trustees are responslble for safeguarding the assets of the charity - and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared In accordance with the special provlsions of Part 15 of the Companles Act 2￿)6 relating to small companles. 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 (Choir) and Tony Bourne (Treosurer). See Settion 15. 15. Declarations The company has tsken advants8e of the small companlerf exemptlon In preparln8 the report above. The trustees declare that they ha￿ approved the truste￿ report Ilncludln8 directo report) above. Signed on behalf of the tharftvs trustees/dlrertors Slgnature Full Name Posltlon Matt Davis Chair Signature Full Name Position Tony 8oume Treasurer Date 26January 2026 15 a Shoreham Community Trust

1. Annual General Meeting The next Annual General Meeting IAGM) of Shoreham Community Trust wlll be held in 26 January 2026. 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 reP￿SentativeS who have signed the relevant documentation stating they uphold the objectlves of the Charitynrust. Forms are avallable from the office at The Shoreham Centre. 16 Communlty Trust

Shoreham Comrnunity Trust Limited Independent Examlner's Report Independent Examiner's Report to the trustees of SIM)reham Community Tntst Limited I report to the charity trustees on my examinatron of the financial statements of Shoreham Community Trust Limited for the year ended 31 March 2025. Responslbllhles and basls of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparatlon of the financlal ststements In accordance wlth the requirements of the Companies Act 20061'the 21x16 A￿. Having satisfied myself that the flnanclal ststements of the Chartty are not requlred to be audited under Part 16 of the 2006 Art and are ellgible for independent examination, I report in respert of my examinatlon of your charity's financial statements as carrled out under sectlon 145 of the Charlties Art 20111'the 2011 Act'l. In carrying out my examlnatlon I have followed the 01￿ctIonS glven by the Charlty Commlsslon under sectlon 145151 {bl of the 2011 ACL Independent examlnerfs statement As the charlty's 8ross Income exceeded £250.LX)O your examlner must be a member of a body listed Sn section 145 of the 2011 Art. I confirm that l am qualified to undertake the examination. I have completed my examination. I can confim? that no material matters have come to my attention In connecdon wlth the examlnation 8tvln8 me cause to believe: accounting records were not kept in accordance with sertion 386 of the 2006 Act . or • the flnanciaS statements do not accord with those records: or the flnancial statements do not comply with the accounting requirements under sectlon 396 of the 2006 Art other than any requirementthat the flnancial ststements 8ive a'true and falr, view which is not matter considered as part of an independent examlnatlon; or the financlal statements have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practlce for accountlng and reporting by charities applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021. I have no concems and have come across no other matters In connectlon wlth the examlnatlon to whlch attention should be drawn in thi5 report in order to enable a proper understandin8 of the flnanclal statements to be reached. Marsh & Co Accountants Lirnited 254 Upper Shoreham Road Shoreham-by-sea West Sussex BN43 6BF XX January 2026 Page 17

Shoreham Cornn￿nIty Tryrt Umlted Statsment of Anandal Actlvltles for the year ended 31 Maffch 202S funds lunds 2025 Totsl fuTrds Total funds 2025 2024 2025 Income and endowrnnts Donations and legacles Charltable actlvltles Other tradlng actlvltles Other 287,404 4.670 287,404 4.670 6,540 302.198 6,298 4,987 Total 298.614 298,614 313,482 Exp•ndlture on: Other 305,768 744 3r￿.512 315,178 Total 305,768 744 306,512 315,178 Net 8alns on Investments N•t •xp•ndltur• Transftts between funds (7.154) {744) 17,898) (1.696) Net •xpendlture before oth•r plns/llosses) 17.154) 1744) 17,898) (1,696) Oth•r 8alM and loss Other Galns N•t movement In funds 17,1541 (744) 17,898) {1,696) R•£on¢lll•tlon of fund&. Totsl fvnds brought forward 205,128 10,966 216,094 217,790 Total funds carrl•d forw•rd 197,974 10,222 208,196 216,094 Page 18

Shoreham Communlty Trnst Umlted Summary kncoffle and Expenditure kcount for the year ended 31 March 2025 2024 Income 298,614 313,482 Gn)ss Income for the year Expendlture 298,614 313,482 3CX),409 308.666 Depreciatlon and charges for Impalrment of fixed assets 6.103 6,512 Totsl •xp•ndlturn for th• y••i 306,512 315,178 t4et expendlture before tsx for the year 17,8981 (1,696> Net expenolture for the year 17,898) 11,696) Page 19

Bthnce Sheet at 31 March 2025 Company No. 03567456 Tan8ible assets Invesirnents li 12.466 11466 Curr•rt •si¢ts Debtors Cash at bank and In hand 12,735 193,323 206.058 (4,720) 201338 20,073 187,640 207,713 14,085) 203.628 Cr•dltm: Arnount falllrq due one year N•t curnint •si•ts 14 2l￿,196 216,094 Tot•1 n•t •ii•ts 21B.196 216.094 Th• fund¥ olth• charfty Restrfcted Incorne funds 10.222 10,222 10,966 10,966 Unr•thrt•d funds General funds 197,974 197.974 205,128 205,128 Totsl funth 2(W.l% 216,094 These accounts have been prepared In accordarKe wlth the spedal Pr(￿s1{￿ of Part 15 of the Companle5 Act 2(X16 relat1￿ to srnall companles. For the year ended 31 Marth 2025 the company was erthled to exemptlcn wHler sectlon 477 of the Ctyfipanles Art 2(K16 relatln8 to small companles. The members have not rewred the company to (*tsln an audlt In accordan￿ wlth sectlon 476 of the Companles Act 2(Th. The dlrectors acknowledge thelr responslbllltles for complyln8 wlth the req￿refflents of the Companles Art 2CK16 wlth respect to aCa)untI￿ retLYds and the preparati(m of acC￿nts. Approved ty the board on 26 Jannary 2026 And slgned on tts behalf by. Trustee Pa8e 20

Shoreham C(¥nmunlty Trust Umlted Notes to the Accounts for the year ended 31 MaKh 2025 l Actountln8 polkles Bas15 01 prep•ratlon The finanaal ststements ha￿ been prepared in accordan￿ ￿ Accounting and Reporting by Charltles: ststement of Recommended Pracllce appllcable to tharitles weparfn8 thelr accounts In accordan￿ with the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102) - (Charities SORP (FRS 10211, the Hnanclal Reportin8 Slandard appllcable In the UK and Republlc of Ireland (FRS 102) and the Companles Act 2(KJ6. Change In basls of •cuwntlni (Y to p￿VIouS 4(rounts There has been no thange to the account1￿ pollcles (valuatlon rules and method of accountlng) slnce last year and no chan8es have been made to accounts for previou5 years. Fund •ccountln8 Unrestrlcted furKls General funds ￿ unrestrirted fvnds whlth are avallable for use at the dlscretSon of the Trustees In furtherance of the general objectlves of the company and whlch have not been designated for other purposes. Restricted funds are funds whith are to be used In accordance wlth specffic restrlctlons Imposed by donors or whlch have been ralsed by the wmpany for partlcular purposes. The costs of ra151ng and admln15terlng such funds are char8ed agalnst the spethc fund. The alm and use of each restrlcted fund Is set out In the notes to the flnandal staternerrt5. Restrlrted funds Incom• Recognltlon of Income All Incomln8 resources are Included In the Statement of Flnanclal Activlttes (SOFA) when the company Ss legally entllled to. and v1rtual￿ certaln to recelve, the Income and the amount of the Income can be measured wlth sufflclent rellablllty. Donated servlce5 and fadlltSes Donated Serv1￿ or facllltles. whlch cornprlse donated servlces, are Included In Income at valuatl(m whlch Is an e5tlmate of the financlal cost borne by the donor where suth a c05t Is quantlfiable and measurable. No income is reco8nlsed where th¢re15 no flnandal ci)5t borne by a third party. Income tax recoverable In relatlon to donatSons recelved under Glft Ald and deeds of covenant Is reco8nlsed at the tlrne of donatlon. Income tsx recoverable in relatlon to Inve5trnerf Incorne is recognised at the tlme the Investment Income Is recoverable. Income tax recoverable Expendlture Recognltlon of expendlture All expendlture Is recognlsed an accruals bas15 and has been Induded under expense cate8orles that a88re8ate all costs for allocatlon to actlvltles. Where costs canrKJt be dlrectly attrlbuted to particular actlvities, they have been allocated on a basis con5iStent with the use of the resourc Governance costs are those incurred in connection with admlnistratlon of the cornpany and c(￿pIlanCe wlth consututional and ststutory requlremen Governance costs Ta￿tIon The charity Is exempt from corporatlon tax on Its tharltable actfvltles. Page 21

Shor•ham Communlty Trust Umltsd Notes to the Accounts Tan8lble tlxed assets and dewedadon Oepreaation Is provided at the followlng annual rates In wder to write off each asset over its estlmated useful lrfe.. Freehold property IIY% Strai8ht Ilne Computer and webslte deslgn 25% Stral8ht Ilne Flxtures and fittin85 2S% Reducing balance P•nJlon costs The tharlty operates a defined contrtbutlon plan for Its employee5. A defined corrtributlon plan15 a penslon plan under whlch the company pay5 flxed contrlbutlons Into a separate entlty. Once the contrlbutlon5 have been pald the company has no further payments obllgatlons. The contrlbutlons are reco8nlsed as expenses vthen they fall due. Amounts not pald are shown In accruals In the balance sheet. The assets of the plan are held separately from the company In Independently admlnlstered funds. R•c•lpt ol don•t•d goods f•dlltles and Mr¥l All donated goods. fadlltles and ser¥lces re￿IVed are reco8nlsed wlthln Incomlng resources and expendfture at an estlmate d the value to the tharlty. 2 Con¥•ny Jtatui The company Is a prlvats company Ilmlted by 8uarantee and consequenlly does not have share capltal. Page 22

Shoreham Communlty Trust Un4t•d 3 Staternert of Hnandal ALtMts. funds funds 2024 Totsl funds 2024 Oonatlons and legacies Charltable artlvltles Other tradln8 actlvttles Other 302,198 302,198 6.298 4.987 4.987 Totsl 313,482 313.482 Exp•ndltur• on: Other 314,434 744 315,178 Tot•1 314,434 744 315.178 Net galns on Investments Net Incom (9521 (744) {1.696) Transfer5 between funds N•t Income before oth•r 8alnsl(loss•s) Oth•r ialns and Iosms: Other Galns (952) 1744) 11,696) Net rnov•m•rt In funds (952) (744) 11,696) Recon¢lll•tlon (rf funds: Total funds brought forwdrd Totsl funds ￿l￿ed forw•rd 206,080 11.710 217,790 205,128 10,966 216,094 4 Incom• from donatlons and l•aad•s Totsl 2025 Total 2024 Donatlons ii) {1) Page 23

Shoreham Communlty Trust Umlted Notes to the Accounts 5 Income from charlt•ble •dMtles Totsl Totsl 2024 Lettings and rentals 161,625 87,183 38,5% 287.404 161,625 87,183 38,596 287,404 175,435 89,106 37,657 302,198 Centre runnln8 costs 6 InMm• from other tr•dln8 athllles Totsl 2025 Totsl 2024 Incorne from tradln8 subsldSary 4.670 4,670 6,298 4,670 4,670 6,298 7 Oth•r Income Totsl Total 2024 Mlsc Income 290 6,250 147 4￿40 4,987 Interest recelved 6,250 6,540 8 Oth•r •xp•ndltur• Total Total 2024 Skyway expenses Cafe supplles and mathlne hlre Adur Dlstrfrt councll premlses Employee costs Prernlses costs Amortisation, depreclatlon, Impalrmenti profftlloss on disposal of fixed assets General administrative costs Legal and professlonal costs 119 16,133 33.185 33,185 36,734 41.622 41,622 42,151 203,204 5,957 203.204 5,957 185,219 7,812 5,359 744 6,103 6,512 12,521 3,801 305,768 12,521 3,801 306,512 11,278 9,339 315,178 744 Page 24

Shoreham Canmiunity Trust Umlted 9 Net expendhure before trnnsh 2024 This 15 sLited after chargi￿. Depreclatlon of owned fixed assets 6.103 6,512 10 Staff casts 2024 Salaries and wages PAYE and Soclal securlty costs Penslon costs Stsff tralnln8 177.138 20,537 5,110 419 203,204 160,444 21,333 3,432 io 185,219 No employee recelved emoluments In excess of £60,(YXI. Total employee beneffts recelved by kny management personnel The avera8e monthfy number of full ￿rne equlvalent employees durfng the year was as follows: 2025 Numb 23 23 2024 Number 25 25 Staff 11 T•rylble fixed •iMts Land and Ixlldl C(Mnput•r WKI w•bdte Equlpment Axlures and fittlnas Total Cost or r•valu•tlon At l Aprll 2024 Addltlons Dlsposals At 31 March 2025 Depredatlon and Impalrnient At l Aprll 2024 Depreclatlon thar8e for the year Dlsposals At 31 March 2025 42,538 6.787 495 75,107 124,432 495 42,538 7.282 75,107 124,927 36.586 6.576 111,966 4.254 273 1,576 6,103 6,849 70,380 118,069 Plet book valu•s At 31 March 2025 At 31 March 2024 433 211 4.727 6,303 6,858 12,466 5,952 Page 25

Shoreham Comrnunlty Trnst ilnthd Notes to the Accounts 12 Investments Investment In Subsldiaries The company has the followlng subsldlary undertakirg5: Capft•l and reserves at ProllV(Ioss end ofthe )forthe relevant relevant C￿ntry of Incorporatlon aass of %a8eof (11 not UK) shares held shares held Name of company year E￿land and Wales scr Tradlng Umlted Ordlnary 13 Debto Other debtors Prepayments and accrued Income 15.197 4,876 20,073 12,735 12,735 14 Credltors: amounts falllng due wlthln one year 2024 OthLY tsxes and soclal securlty Other credftors Accruals 1.393 3,327 4,720 4,085 4,085 15 Mov•ment In lunds Incoml At31 MJrch 2025 Omjudl AtiAwM 20Z4 plMlloss•s) •xpend•d tr•nshYs Restrlcted funds 10.966 (744) 10,222 Unrestrlct•d funds: General funds 205.128 298,614 (305.768) 197,974 Total funds 216.094 298,614 (3[￿.512) 208,196 Pa8e 26

Shoreham Communlty Trust Umlted Note5 to the Attounts 16 Analysls of net asse15 b•twMn funds funds funds funds Total Flxed assets Net ojrrent assets 4,627 201338 205,965 2,231 858 20L338 208,196 2,231 17 Reconclllatk>n ol n•t d•tst At31 March 2025 AtIAwll HPIFlnance le•ses Cath fiows Cash and cash equlvalents Bank overdrafts 187,640 193,323 187,640 193,323 Borrowln8S Net debt 187,640 193,323 18 ComTrltrn•nlS Annual commltrnents under norKantellable operatln8 leases are as follows: 2025 2024 2024 land and bulldlnas L•nd and bulldln Other Operatlng leases wlth explry date: Wlthln one year In the second to flfth years Induslve Over flve years 1,115 I,iis 1,115 L115 2024 The penslon cost tharge to the company amounted to: 5,110 3,432 Page 27

Sknham Communlty Trust Umlt•d 19 Related party dlsdosures Controlllnq party The company Is Ilmlted by guarantee and has no share capitsl; thus no sln8le party controls the company. Page 28

Shoreh•rn Communlty Trust Umlted Detslled Statement of Hnandal Actlvl for the year ended 31 Marth 2025 Totsl funds Total fund5 2025 2024 2025 Donatlons and legacies Donatlons Charltsble artlvltles Letting5 and rentsls Cafe cent￿ runnln8 costs 161,625 87.183 38,596 287,404 161,625 87,183 38,596 287,404 175,435 89,106 37,657 302,198 Other tradlng actlvFtles Income from tradlng sub51dlary 4.670 4,670 4.670 4,670 6,298 6,298 Other Mlsc Income Interest recelved 290 6,250 6,540 147 4,840 4,987 6.250 6.540 Total Incoffl• and •ndowm 298,614 298,614 313,482 Expondltur• on: Other expendlture Skyway expenses Cafe supplles and machlne hlre Adur Dlstrlct councll premlses costs 119 33,185 119 33,185 16,133 36,734 41,622 41,622 42,151 74,926 74,926 95,018 Employee costs Salarleslwages Employer's NIC Penslon costs Stsff tralnln8 177,138 20,537 5,110 419 203,204 177,138 20,537 5,110 419 203,204 160.444 21,333 3.432 io 185.219 Premlses costs Rates Premlses deanlng Premises repairs and malntenance Other premises costs 827 827 3,228 2,836 3228 1.902 1,902 2,088 5,957 5,957 7,812 Page 29

Shor•ham Communlty Trust Limited Detslled Statement of Hnandal Actl¥llles General administratSve costs. Includln8 depreclation and arnortisation Depreclatlon of land and buildings Depreclatlon of Computer and web51te deslgn Depreciatlon of Fixtures and ffttln8S Bank charge5 Equlpment expensed Equlpment leasing and hlre char8es General Insurance5 Infomiatlon and publlcatlons Posts8e and courfers Subscrlptlons Sundry expenses Telephone, fax and broadband 3,510 744 4,254 4,254 273 273 157 1,576 1.576 2.101 1,327 1.526 1,327 1,526 2,176 1,354 1.115 1,115 1,115 1.439 28 281 1,439 28 281 1,363 206 2,557 329 1,678 17,790 2,151 1,956 17A80 2,151 1,956 18,624 744 Legal and professlonal costs Accountsncy and bookkeeplng Consuitancy fees Other legal and professlonal costs 1.260 1,803 1,260 1,803 1,260 1,700 738 738 6.379 3,801 3,801 9,339 Tot•1 of •xp•ndltur• of oth•r 305,768 744 306,512 315,178 Totsl •xp•ndltw• Net galn5 on Investments 305.768 744 306,512 315,178 N•t •xpendlturn Transfers between funds {7,154) 1744) (7,898) N•t •xpandl￿rn before other zalnsllloss•s) Other r•coenls•d g•lns and losses Other Gains {7,154) {744) (7,898) 11.6961 Net movement In funds {7,154) {744) (7,898) 11,6961 Rea￿tIllatIOfi ol funds: Totsl funds brought forward 205,128 10,966 216,094 217,790 Total funds Carried forward 197,974 10,222 208,196 216,094 Page 30