## 



## 

|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<br>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<br>Investment||Management|Limited||
||||1 Northgate|||||
||||Chichester|||||
||||West Sussex|||||
||||PO19 1AT|||||





## 

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





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## 

|Current financial year|Current financial year||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|||
|||||general|Designated||||
||||Notes|2023<br>f|2023<br>F|2023<br>f.|2023<br>f.|2022f|
|Income and endowments||from:|||||||
|Donations<br>and legacies||||106,219|270||106,489|266,196|
|Charitable<br>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<br>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<br>between||funds||309,333|(365,333)|56,000|||
|Net movement<br>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<br>Unrestricted||Restricted|Total|
||||||funds|funds|funds||
||||||general|Designated|||
|||||Notes|2022<br>f|2022<br>f|2022f|2022|
|Income and endowments|||from:||||||
|Donations<br>and|legacies||||53,276||212,920|266,196|
|Charitable<br>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<br>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<br>from operations||25||167,139||63,747|
|Investing<br>activities|||||||
|Purchase oftangible<br>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<br>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)<br>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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## 



|(g <br>P<br>0|A<br>CV<br>0||||C4<br>C)||C4<br>lO|
|---|---|---|---|---|---|---|---|
||||||||CO|
||||||CO|||
||||||CD||C)|
||||Al|44||||
|0|C0||CV<br>C)|||||
|o.|E|||||||
|||L||||||
|~Q)||||||||
|N|O||CV|4l||||
||||CV|||||
|CD|||C)|||||
||||CV|||||
|0)||||||||
|NI<br>Q<br>LL|C)<br> 'g|||||CD<br>IA|C4|
||lD||||CD||C&|
||||||||CV|
||||||lO|||
||||||CO|||
||||||lA||CD|
||||||CV||CV|
|C <br>0|Q<br> C0|Cl<br>'I|||CO||CV<br>CO|
|~NE||O||||||
|4||||||||
||8||CO <br>CV|4l||||
|VlI|||CC|||||
|Cl||||||||
|N <br>Q<br>CL|'0<br> 'I0I||CV<br>Cl<br>CV|4l|CO<br>CO<br>lA||C)|
||||||CV|||





## 

## 

## 

|||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<br>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<br>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<br>by|fund|||||
|Unrestricted|funds -||general|2,410,749|2,260,599|
|Unrestricted|funds -||Designated|73,867|14,336|
|Restricted<br>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<br>f||
||Registration<br>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<br>|monthly<br>number ofemployees<br>during the|year was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Housing care|for residents|67|66|
|Administration||4|4|
|Total||71|70|
|Employment|costs|2023<br>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<br>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<br>-|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<br>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<br>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<br>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<br>falling due|within one year:|||F|
||Trade debtors|||9,269|14,687|
||Other debtors|||8,406|8,725|
||Prepayments<br>and accrued income|||94,766|17,873|
|||||112,441|41,285|
|18|Creditors: amounts|falling due within one year||||
|||||2023f|2022<br>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<br>f|f|31 INarch 2023<br>f|
|Fee support||fund|||(6,089)|50,000|43,911|
|Named|resident||fund|||6,000|6,000|
||||||(6,089)|56,000|49,911|



## 

## 



|||I||||CD||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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## 

## 

|23|Operating<br>lease|commitments||||||||
|---|---|---|---|---|---|---|---|---|---|
||At the reporting|end date the|charitable|company|had outstanding|commitments|for future|minimum|lease|
||payments<br>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<br>of key|management|personnel|personnel|personnel||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The remuneration<br>ofthe three key management|||||personnel||is as follows.|||
||||||||||2023|2022|
|||||||||||f.|
||Aggregate<br>compensation||||||||167,530|169,872|
||There have been no disclosable<br>related|||party transactions||||in the year.|||
|25|Cash generated<br>from|operations|||||||2023|2022|
||Deficit for the year||||||||(3,527)|(68,816)|
||Adjustments<br>for:||||||||||
||Investment<br>income recognised<br>in statement||||offinancial||activities||(15,523)|(16,613)|
||Loss/(gain)<br>on disposal|of investments|||||||6,338|(17,381)|
||Fair value gains and losses on investments||||||||22,442|3,661|
||Depreciation<br>and impairment<br>oftangible|||fixed assets|||||187,391|185,246|
||Movements<br>in working|capital:|||||||||
||Decrease/(increase)<br>in|stocks|||||||129|(425)|
||(Increase)<br>in debtors||||||||(71,156)|(29,337)|
||Increase<br>in creditors||||||||41,045|7,412|
||Cash generated<br>from|operations|||||||167,139|63,747|
|26|Analysis<br>of changes|in net funds|||||||||
||The charitable<br>company<br>had no debt||during||the|year.|||||