COMPANY REGISTRATION NUMBER: 04263909 CHARITY REGISTRATION NUMBER: 1091044
Spiral Sussex
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2024
Spiral Sussex
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities (including income and expenditure account) | 6 |
| Statement of financial position | 7 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10 |
Spiral Sussex
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.
Reference and administrative details
Registered charity name Spiral Sussex Charity registration number 1091044 Company registration number 04263909 Principal office and registered 168 Church Road office Hove East Sussex BN3 2DL The trustees Mr M W Shanahan Mr M G F Blackwell Mr G D Stevenson Independent examiner UHY Hacker Young (S.E.) Ltd 168 Church Road Hove East Sussex BN3 2DL
Structure, governance and management
The Trustees, who are also directors, present their annual report and the financial statements of the company for the year ended 31 August 2024.
Spiral Sussex is constituted as a limited company and registered with the Charity Commissioners on 12 March 2002. The governing document is the memorandum and articles of association of the company (incorporated on 2 August 2001) as amended by special resolution updated 5 February 2002. The address of the charity is Unit 1A Prospect House, The Hyde Business Park, Bevendean, Brighton, BN2 4JE.
Objectives and activities
The principal aim of Spiral Sussex is to provide Day Centre, evening and weekend activities for young people and adults with learning difficulties and disabilities. These cover sports, leisure and recreational interests, social evenings, outings and annual holidays. Also, to provide training and skills through daytime learning programmes.
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Spiral Sussex
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
Achievements and performance
Review of developments, activities and achievements
As with 2023 the year end 2024 heralded a continued period of stabilisation, a changing of the guard and a further change in the emphasis of the kind of services being offered. The central aim of this year has been to consolidate our foundations and ensure that we have a solid financial base on which to build and develop during 2025/2026. To this end we have reduced some areas of staffing slightly through a policy of non-replacement of leavers and through promoting from within. We have also initiated a substantial increase in Day Centre Fees but being mindful of the impact on self-funding clients we have also introduced a discretionary grant system for those under financial hardship. The aim is to find Trust funds to help support this action. Spiral will also look to introduce new external activities later in the year under a project titled B-Active.
Financial review
Capital Equipment
Spiral has not had to spend much this year on computer equipment, other than to upgrade and replace damaged computer items.
The tablets we bought in 2021/22 are still being used both by clients and staff. They have served our clients well in facilitating their remote access to Spiral, as well as helping those. Clients who are physically attending the Day Centre, to do their projects.
However, we had to write off the two Peugeot minibuses as it has proven impossible to source spare parts.
Minibuses
We have managed to introduce real time vehicle tracking, which has proven very popular with our carers and clients who now have a much better idea of when a minibus will arrive. We are hoping to take on three new minibuses on five year contract hire which will largely resolve our transport issues.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
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Spiral Sussex
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
The trustees' annual report was approved on 27 May 2025 and signed on behalf of the board of trustees by:
Mr M W Shanahan Trustee
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Spiral Sussex
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Spiral Sussex
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of Spiral Sussex ('the charity') for the year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since 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 I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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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 (FRS 102).
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Spiral Sussex
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Spiral Sussex (continued)
Year ended 31 August 2024
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 accounts to be reached. ne UHY Hacker Young (S.E.) Ltd Independent Examiner
168 Church Road Hove East Sussex BN3 2DL
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Spiral Sussex
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 9,814 | 9,814 | 11,419 |
| Charitable activities | 6 | 537,507 | 537,507 | 618,298 |
| Total income | 547,321 | 547,321 | 629,717 | |
| Expenditure | ||||
| Expenditure on charitable activities | 7,8 | 600,892 | 600,892 | 589,930 |
| Total expenditure | 600,892 | 600,892 | 589,930 | |
| Net (expenditure)/income and net movement in funds | (53,571) | (53,571) | 39,787 | |
| Reconciliation of funds | ||||
| Total funds brought forward | 9,407 | 9,407 | (30,380) | |
| Total funds carried forward | (44,164) | (44,164) | 9,407 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 18 form part of these financial statements.
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Spiral Sussex
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 13 | 28,406 | 42,779 | |
| Current assets | ||||
| Debtors | 14 | 57,965 | 67,725 | |
| Cash at bank and in hand | 20,470 | 32,571 | ||
| ��������� | ���������� | |||
| 78,435 | 100,296 | |||
| Creditors: amounts falling due within one year | 15 | 124,088 | 104,151 | |
| ���������� | ���������� | |||
| Net current liabilities | 45,653 | 3,855 | ||
| ��������� | ��������� | |||
| Total assets less current liabilities | (17,247) | 38,924 | ||
| Creditors: amounts falling due after more than | ||||
| one year | 16 | 26,917 | 29,517 | |
| ��������� | ��������� | |||
| Net liabilities | (44,164) | 9,407 | ||
| ��������� | ��������� | |||
| Funds of the charity | ||||
| Unrestricted funds | (44,164) | 9,407 | ||
| ��������� | ������� | |||
| Total charity funds | 18 | (44,164) | 9,407 | |
| ��������� | ������� |
For the year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The statement of financial position continues on the following page. The notes on pages 10 to 18 form part of these financial statements.
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Spiral Sussex
Company Limited by Guarantee
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of trustees and authorised for issue on 27 May 2025, and are signed on behalf of the board by:
Mr M W Shanahan Trustee
The notes on pages 10 to 18 form part of these financial statements.
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Spiral Sussex
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net (expenditure)/income | (53,571) | 39,787 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 9,469 | 14,260 |
| Interest payable and similar charges | 3,897 | 6,878 |
| Loss on disposal of tangible fixed assets | 5,221 | 2,806 |
| Accrued expenses/(income) | 25,441 | (14,240) |
| Changes in: | ||
| Trade and other debtors | 9,760 | (14,875) |
| Trade and other creditors | (5,504) | 4,461 |
| Cash generated from operations | (5,287) | 39,077 |
| Interest paid | (3,897) | (6,878) |
| Net cash (used in)/from operating activities | (9,184) | 32,199 |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (317) | (17,990) |
| Proceeds from sale of tangible assets | – | 2,600 |
| Net cash used in investing activities | (317) | (15,390) |
| Cash flows from financing activities | ||
| Proceeds from borrowings | (2,600) | (7,083) |
| Net cash used in financing activities | (2,600) | (7,083) |
| Net (decrease)/increase in cash and cash equivalents | (12,101) | 9,726 |
| Cash and cash equivalents at beginning of year | 32,571 | 22,845 |
| Cash and cash equivalents at end of year | 20,470 | 32,571 |
The notes on pages 10 to 18 form part of these financial statements.
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on the going concern basis. The validity of this assumption depends on the continuing support of the creditors. If the going concern basis proves not to be appropriate, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amount and to provide for any further liabilities that might arise.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
- Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Short leasehold property | - | Evenly over the term of the lease |
|---|---|---|
| Plant and machinery | - | 25% reducing balance |
| Motor vehicles | - | 25% reducing balance |
| Equipment | - | 25% reducing balance |
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and does not have share capital.
The liability of the members in the event of the company being liquidated is limited to £1 per member.
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Grants | |||||
| Grants receivable | 9,814 | 9,814 | 11,419 | 11,419 | |
| 6. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Events | 252,869 | 252,869 | 254,174 | 254,174 | |
| Holiday income | 92,802 | 92,802 | 158,495 | 158,495 | |
| Media group income | 179,646 | 179,646 | 183,884 | 183,884 | |
| Miscellaneous | 12,190 | 12,190 | 21,745 | 21,745 | |
| 537,507 | 537,507 | 618,298 | 618,298 | ||
| 7. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Direct charitable activities | 600,892 | 600,892 | 589,930 | 589,930 | |
| 8. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | 2024 | 2023 | |||
| £ | £ | £ | |||
| Direct charitable activities | 600,892 | 600,892 | 589,930 | ||
| 9. | Net (expenditure)/income | ||||
| Net (expenditure)/income is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 9,469 | 14,260 |
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
10. Independent examination fees
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,640 | 2,400 |
| ������� | ������� |
11. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 302,575 | 278,173 |
| Social security costs | 16,299 | 13,917 |
| Employer contributions to pension plans | 5,002 | 4,308 |
| ���������� | ���������� | |
| 323,876 | 296,398 | |
| ���������� | ���������� |
| The average head count of employees during the year was 20 (2023: 18). The | average | number of |
|---|---|---|
| full-time equivalent employees during the year is analysed as follows: | ||
| 2024 | 2023 | |
| No. | No. | |
| Number of operating staff | 20 ���� |
18 ���� |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
13. Tangible fixed assets
| Short | |||||
|---|---|---|---|---|---|
| leasehold | Plant and | Motor | |||
| property | machinery | vehicles | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At 1 September 2023 | 7,014 | 9,039 | 84,690 | 4,810 | 105,553 |
| Additions | – | – | – | 317 | 317 |
| Disposals | – | – | (16,500) | – | (16,500) |
| At 31 August 2024 | 7,014 | 9,039 | 68,190 | 5,127 | 89,370 |
| Depreciation | |||||
| At 1 September 2023 | 7,013 | 8,008 | 44,420 | 3,333 | 62,774 |
| Charge for the year | – | 258 | 8,762 | 449 | 9,469 |
| Disposals | – | – | (11,279) | – | (11,279) |
| At 31 August 2024 | 7,013 | 8,266 | 41,903 | 3,782 | 60,964 |
| Carrying amount | |||||
| At 31 August 2024 | 1 | 773 | 26,287 | 1,345 | 28,406 |
| At 31 August 2023 | 1 | 1,031 | 40,270 | 1,477 | 42,779 |
14. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 50,965 | 60,725 |
| Prepayments and accrued income | 2,000 | 2,000 |
| Other debtors | 5,000 | 5,000 |
| 57,965 | 67,725 | |
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Bank loans and overdrafts | 6,720 | 6,720 |
| Accruals and deferred income | 99,677 | 74,236 |
| Social security and other taxes | 16,606 | 22,203 |
| Other creditors | 1,085 | 992 |
| 124,088 | 104,151 |
15. Creditors: amounts falling due within one year
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
16. Creditors: amounts falling due after more than one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts | 26,917 | 29,517 |
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,002 (2023: £4,308).
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 September | 1 September | 31 August 20 | 31 August 20 | 31 August 20 | ||
| 2023 | Income | Expenditure | 24 | |||
| £ | £ | £ | £ | |||
| General funds | 9,407 | 547,321 | (600,892) | (44,164) | ||
| At | At | |||||
| 1 September | 1 September | 31 August 20 | 31 August 20 | 31 August 20 | ||
| 2022 | Income | Expenditure | 23 | |||
| £ | £ | £ | £ | |||
| General funds | (30,380) | 629,717 | (589,930) | 9,407 |
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Spiral Sussex
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
19. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 28,406 | 28,406 |
| Current assets | 78,435 | 78,435 |
| Creditors less than 1 year | (124,088) | (124,088) |
| Creditors greater than 1 year | (26,917) | (26,917) |
| Net liabilities | (44,164) | (44,164) |
| Unrestricted | Total Funds | |
| Funds | 2023 | |
| £ | £ | |
| Tangible fixed assets | 42,779 | 42,779 |
| Current assets | 100,296 | 100,296 |
| Creditors less than 1 year | (104,151) | (104,151) |
| Creditors greater than 1 year | (29,517) | (29,517) |
| Net liabilities | 9,407 | 9,407 |
20. Reserves/funds policy
In view of the current financial position, the trustees are reviewing the policy and discussing steps to take to eliminate any deficits that arise.
21. Analysis of changes in net debt
| At | |||
|---|---|---|---|
| At 1 Sep 2023 | Cash flows | 31 Aug 2024 | |
| £ | £ | £ | |
| Cash at bank and in hand | 32,571 | (12,101) | 20,470 |
| Debt due within one year | (6,720) | – | (6,720) |
| Debt due after one year | (29,517) | 2,600 | (26,917) |
| (3,666) | (9,501) | (13,167) |
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