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2023-03-31-accounts

Trustees Mr PAAppleton
Ms SColes
Ms K Gibbs
Mrs S N Hallett
Mr D H Hitchin
Mrs PASear
Mrs J E Stock
MrJThurley
Ms SWalton
Mr J Stock (Appointed 21 April 2023)
Treasurer Ms SWalton
Charity number 1070891
Company number 3580252
Registered office Eastbourne
Road
Polegate
East Sussex
BN26 5HB
Auditors Knill James LLP
One Bell Lane
Lewes
East Sussex
BN7 1JU
Bankers Barclays Bank Plc
63I67Terminus Road
Eastboume
East Sussex
BN21 3NE
Solicitors Gaby Hardwicke
33The Avenue
Eastbourne
East Sussex
BN21 3YD
Investment advisors Rathbone
Investment		 Management Limited
1 Northgate
Chichester
West Sussex
PO19 1AT

Page
Trustees'
report		 1-5
Statement ofTrustees' responsibilities
Independent
auditor's		 report 7-10
Statement offinancial activities 11 - 12
Balance sheet 13
Statement ofcash flows 14
Notes to the financial statements 15-29

Current financial year Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general Designated
Notes 2023
f		 2023
F		 2023
f.		 2023
f.		 2022f
Income and endowments from:
Donations
and legacies		 106,219 270 106,489 266,196
Charitable
activities		 2,391,334 2,391,334 2,018,623
Investments 15,523 15,523 16,613
Other income 7,029 7,029 7,857
Total income 2,520,105 270 2,520,375 2,309,289
Ex enditure on:
Raising funds 4,418 4,418 4,800
Charitable
activities		 8 2,410,749 73,867 6,089 2,490,705 2,387,025
Total expenditure 2,415,167 73,867 6,089 2,495,123 2,391,825
Net (losses)/gains on investments 12 (28,780) (28,780) 13,720
Net incoming/(outgoing) resources before
transfers 76,158 (73,597) (6,089) (3,528) (68,816)
Gross transfers
between		 funds 309,333 (365,333) 56,000
Net movement
in		 funds 385,491 (438,930) 49,911 (3,528) (68,816)
Fund balances at 1 April 2022 2,742,362 800,000 3,542,362 3,611,178
Fund balances at 31 March 2023 3,127,853 361,070 49,911 3,538,834 3,542,362

Prior financial year year
Unrestricted
Unrestricted		 Restricted Total
funds funds funds
general Designated
Notes 2022
f		 2022
f		 2022f 2022
Income and endowments from:
Donations
and		 legacies 53,276 212,920 266,196
Charitable
activities		 2,018,623 2,018,623
Investments 16,613 16,613
Other income 7,857 7,857
Total income 2,096,369 212,920 2,309,289
Ex enditure on:
Raising funds 4,800 4,800
Charitable
activities		 2,260,599 14,336 112,090 2,387,025
Total expenditure 2,265,399 14,336 112,090 2,391,825
Net gains/(losses) on investments 12 13,720 13,720
Net incoming/(outgoing) resources before transfers (155,310) (14,336) 100,830 (68,816)
Gross transfers between funds 86,494 14,336 (100,830)
Net movement in funds (68,816) (68,816)
Fund balances at 1 April 2021 2,811,178 800,000 3,611,178
Fund balances at 31 March 2022 2,742,362 800,000 3,542,362

2023 2022
Notes F
Fixed assets
Tangible assets 14 2,647,837 2,797,887
Investments 15 710,593 728,087
3,358,430 3,525,974
Current assets
Stocks 16 7,308 7,437
Debtors 17 112,441 41,285
Cash at bank and in hand 342,136 208,102
461,885 256,824
Creditors: amounts falling due within
one year 18 (281,481) (240,436)
Net current assets 180,404 16,388
Total assets less current liabilities 3,538,834 3,542,362
Income funds
Restricted funds 20 49,911
Unrestricted funds - Designated 21 361,070 800,000
Unrestricted funds - general 3,127,853 2,742,362
3,538,834 3,542,362

2023 2022
Notes f.
Cash flows from operating activities
Cash generated
from operations		 25 167,139 63,747
Investing
activities
Purchase oftangible
fixed assets		 (37,342) (176,626)
Cash account movements (30,063) (9,486)
Purchase of investments (289,213) (147,905)
Proceeds on disposal of investments 307,990 225,431
Investment
income received		 15,523 16,613
Net cash used in investing activities (33,105) (91,973)
Net cash used in financing activities
Net increase/(decrease)
in		 cash and cash
equivalents 134,034 (28,226)
Cash and cash equivalents at beginning ofyear 208,102 236,328
Cash and cash equivalents at end of year 342,136 208,102

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Unrestricted Unrestricted
funds funds
general general
2023 2022
F f
Income from listed investments 15,326 16,607
Interest receivable 197 6
15,523 16,613

Unrestricted Unrestricted
funds funds
general general
2023 2022
Other income 7,029 7,857

Unrestricted Unrestricted
funds funds
general general
2023 2022
Investment management 4,418 4,800
4,418 4,800

2023 2022
Staff costs 1,532,966 1,482,021
Depreciation and impairment 187,391 185,246
Provisions 213,919 176,317
Training
and		 conference expenses 25,236 26,790
Fee subsidy 61,498 60,085
Medical expenses 6,089
Electricity 37,667 38,033
Gas 52,578 32,528
Water 20,809 24,665
Council tax 3,755 3,607
Cleaning
and		 consumables 18,217 18,438
Insurance 14,564 11,475
Garden expenses 16,317 13,891
Repairs 126,071 96,512
Decorations 5,149 9,940
Travel expenses 5,881 17,520
Welfare expenses 12,551 14,859
Other charitable expenditure 64,757 101,216
2,405,415 2,313,143
Share ofsupport costs (see note 9) 43,439 38,879
Share ofgovernance costs (see note 9) 41,851 35,003
2,490,705 2,387,025
Analysis
by		 fund
Unrestricted funds - general 2,410,749 2,260,599
Unrestricted funds - Designated 73,867 14,336
Restricted
funds		 6,089 112,090
2,490,705 2,387,025

9 Support costs Support costs
Support Governance 2023 Support costs Governance 2022
costs costsf F F costs
f
Registration
fees		 8,792 8,792 8,792 8,792
Stationery, advertising
and software 21,642 21,642 17,562 17,562
Postage and telephone 13,005 13,005 12,525 12,525
Audit fees 9,500 9,500 9,000 9,000
Legal and professional 29,813 29,813 24,283 24,283
Bank charges and
interest 2,338 2,338 1,327 1,327
Committee expenses 200 200 393 393
43,439 41,851 85,290 38,879 35,003 73,882
Analysed to
Charitable activities 43,439 41,851 85,290 38,879 35,003 73,882

The average
 monthly
number ofemployees
during the		 year was:
2023 2022
Number Number
Housing care for residents 67 66
Administration 4 4
Total 71 70
Employment costs 2023
F.		 2022f
Wages and salaries 1,340,588 1,307,318
Social security costs 97,487 87,427
Other pension costs 94,891 87,276
1,532,966 1,482,021

2023 2022
Number Number

Net {losses )/ga ins
on Investments
Unrestricted Unrestricted
funds funds
general general
2023 2022
Revaluation of investments (22,442) (3,661)
(Loss)/gain on sale of investments (6,338) 17,381
(28,780) 13,720

Tangible fix ed asset s
Land and Fixtures, Motor Total
buildings
-		 fittings & vehicles
Freehold equipment
f.
Cost
At 1 April 2022 3,443,453 1,121,625 49,751 4,614,829
Additions 7,132 30,210 37,342
At 31 March 2023 3,450,585 1,151,835 49,751 4,652,171
Depreciation and impairment
At 1 April 2022 1,043,546 726,016 47,381 1,816,943
Depreciation charged in the year 69,012 117,787 592 187,391
At 31 March 2023 1,112,558 843,803 47,973 2,004,334
Carrying
amount
At 31 March 2023 2,338,027 308,032 1,778 2,647,837
At 31 March 2022 2,399,907 395,609 2,371 2,797,887

Listed Cash in Total
investments portfolio
Cost or valuation
At 1 April 2022 701,611 26,476 728,087
Additions 289,213 289,213
Valuation
changes		 (22,442) (22,442)
Cash account movement 30,063 30,063
Disposals (314,328) (314,328)
At 31 March 2023 654,054 56,539 710,593
Carrying
amount
At 31 March 2023 654,054 56,539 710,593
At 31 March 2022 701,611 26,4?6 728,087
16 Stocks
2023 2022
Finished goods and goods for resale 7,308 7,437
17 Debtors
2023 2022
Amounts
falling due		 within one year: F
Trade debtors 9,269 14,687
Other debtors 8,406 8,725
Prepayments
and accrued income		 94,766 17,873
112,441 41,285
18 Creditors: amounts falling due within one year
2023f 2022
f.
Trade creditors 25,260 31,348
Other creditors 12,563 28,777
Accruals and deferred income 243,658 180,311
281,481 240,436

Movement in funds
Balance at Resources Transfers Balance at
1April 2022f expended
f		 f 31 INarch 2023
f
Fee support fund (6,089) 50,000 43,911
Named resident fund 6,000 6,000
(6,089) 56,000 49,911

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23 Operating
lease		 commitments
At the reporting end date the charitable company had outstanding commitments for future minimum lease
payments
under		 non-cancellable operating leases, which fall due as follows:
2023 2022
Within one year 24,703 24,703
Between two and five years 87,948 96,105
In over five years 24,818 41,364
137,469 162,172

Remuneration
of key		 management personnel personnel personnel
The remuneration
ofthe three key management		 personnel is as follows.
2023 2022
f.
Aggregate
compensation		 167,530 169,872
There have been no disclosable
related		 party transactions in the year.
25 Cash generated
from		 operations 2023 2022
Deficit for the year (3,527) (68,816)
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (15,523) (16,613)
Loss/(gain)
on disposal		 of investments 6,338 (17,381)
Fair value gains and losses on investments 22,442 3,661
Depreciation
and impairment
oftangible		 fixed assets 187,391 185,246
Movements
in working		 capital:
Decrease/(increase)
in		 stocks 129 (425)
(Increase)
in debtors		 (71,156) (29,337)
Increase
in creditors		 41,045 7,412
Cash generated
from		 operations 167,139 63,747
26 Analysis
of changes		 in net funds
The charitable
company
had no debt		 during the year.