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Company Number: 4409137

THE INCREDIBLE DESIGN COMPANY

(LIMITED BY GUARANTEE)

DIRECTORS' AND TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023

Charity Number : 1093222

BEGBIES Chartered Accountants 9 Bonhill Street London EC2A 4DJ

THE INCREDIBLE DESIGN COMPANY

	Page No.
Legal and Administrative Information	l
ReportoftheTrustees and Directors	2-4
Statement ofFinancial Activities	5
Balance Sheet	6
Notes Forming Part ofthe Financial Statements	7-12
Accountant'sReport	13

THE INCREDIBLE DESIGN COMPANY

LEGAL AND ADMINISTRATIVE INFORMATION

Directors and Trustees CS Jones JR Smith RG Rutherford P R Sentance S Francis Secretary CS Jones Registered Office The Incredible Design Company Ground Floor King's Court East Grinstead Road North Chailey Lewes East Sussex BN8 4DH Bankers CAF Cash Limited PO Box 289 West Malling Kent ME19 4TA Accountants Begbies Chartered Accountants 9 Bonhill Street London EC2A 4DJ Charity Registration Number 1093222

(1)

THE INCREDIBLE DESIGN COMPANY

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2023

The trustees, who are also directors of the charity for the purposes of the Companies Act, present their annual report together with the accounts of the charity for the year ended 31 August 2023.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS102) (effective 1 January 2019).

Objects of the Charity, Principal Activities and Organisation of our Work The charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association.

The purposes of the charity and its principal activities are:

a) Providing and promoting opportunities for people with disabilities (particularly but not exclusively young people with disabilities) to develop their skills and capacities;
b) Providing and promoting vocational training and employment opportunities for people with disabilities, particularly but not exclusively young people with disabilities.

The trustees have taken the charity commission public benefit guidance into account when making any decision to which it is relevant.

The Incredible Design Company (IDC) is managed on a day to day basis by a full time Centre Director - with overall responsibility for the centre with emphasis on the special needs aspect of the operation, assisted by a full time Deputy Centre Director able to cover the special needs aspect of the centre's running when required but with an emphasis upon the product design, production and product development aspects. Care support for disabled staff is provided by a part time Care Assistant. Additional administration support is provided bya part time Admin Assistant. Further support is provided by the trustees who, in addition to executing their trustee responsibilities support the staff of the centre on a day to day requirement as well as being involved in fund raising activities.

Development, Activities and Achievements this Year

The year 2022 — 2023 has seen some significant changes for the charity. We took the decision to push ahead with a rebrand, changing our name from ‘Chailey Heritage Enterprise Centre’ to become ‘The Incredible Design Company’. This has been a huge success and has helped to re-enforce our identity as a charity in our own right and not part of another, larger local charity. During this process we also took the opportunity to restructure the timetable of sessions that our disabled clientele access and adjust staffing levels accordingly.

The new structure affords our disabled team more frequent breaks to rest and recuperate and gives paid staff the time needed to develop the business element that provides the work that our service users take part in. It has proved a huge success with attendance in the centre significantly improved with less time taken off for fatigue and illness.

(2)

THE INCREDIBLE DESIGN COMPANY

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2023 (CONTINUED)

Development, Activities and Achievements this Year (Continued)

We have also set aside time to develop new product lines, supported by significant fundraising for the necessary equipment. We have also established relationships with other commercial partners in the industry to provide trade services to them. Sales turnover of over £129k represents a fantastic effort by all the team and a huge increase from £100k the previous year.

Looking ahead we have the challenge of another relocation on the horizon as our lease in Kings Court comes to an end in August 2024. We are working with our current landlord to secure premises in the local area.

Reserves

The receipt of the combined legacy and major donation from 2013-14 continue to support us and provide what the trustees consider to be adequate funds from which to positively pursue our development targets. In summary, these are to break even on our revenue account, to provide a service for 6 or more full time equivalent places and release finances for both the sponsorship of places and the furtherance of funds for capital development.

The trustees have chosen to earmark some of the Unrestricted Funds for particular usage. These are shown as Designated Funds with money set aside to support sponsorship of places and capital development. The general fund of £100k represents free reserves to cover 6 months expenditure of the operation.

Directors and Trustees

All directors of the company are also trustees of the charity, and there are no other trustees. The trustees serving during the year were as follows:

CS Jones

JR Smith R G Rutherford P R Sentance S Francis

(3)

THE INCREDIBLE DESIGN COMPANY

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2023 (CONTINUED)

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis.

This report is prepared in accordance with special provisions relating to small companies within part 15 of the Companies Act 2006.

This report was approved by the board of directors and trustees on 14 March 2024 and signed on its behalf.

CS Jones Trustee

(4)

THE INCREDIBLE DESIGN COMPANY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2023

Summary incomeand			2023			2022
expenditure account		Unrestricted		Restricted	Total	Total
		General	Designated
		Fund	Funds
	Notes	£	£	£	£	£
Income from:-
Attendance fees		$3,129	-	-	53,129	52,724
Donations and legacies	2	35,993	11,160	26,950	74,103	75,748
Tradingactivities	3	129,072	-	-	129,072	101,377
Investment income	4	5,253	-	-	5,253	3,340
Other Income	5	-	-	-	-	2,261
Total income		223,447	11,160	26,950	261,557	235,450
Expenditure on:-
Raisingfunds	6	65,301	-	-	65,301	51,216
Charitable activities	7	175,458	7,498	-	182,956	176,573
Total expenditure		240,759	7,498	-	248,257	227,789
Net income		(17,312)	3,662	26,950	13,300	7,661
Transfer between funds		17,312	9,638	(26,950)	-	-
Other recognised gains and losses
(Losses) on investment assets		-	(2,693)	-	(2,693)	(4,473)
Net movement in funds		-	10,607	-	10,607	3,188
Reconciliation offunds
Total funds broughtforward		100,000	250,205	-	350,205	347,017
Totalfundscarriedforward		100,000	260,812	-	360,812	350,205

(5)

Company Number: 4409137

THE INCREDIBLE DESIGN COMPANY

BALANCE SHEET AS AT 31 AUGUST 2023

							;
				2023			2022
		Notes	£		£	£		£
Fixed assets	;
Tangibleassets		9			33,331			31,311
Investments		10			-			94,801
Total fixed assets					33,331			126,112
Current assets
Stock			4,645			5,736
Debtors		11	17,749			12,507
Cash atbankand inhand		12	316,238			213,974
Total current assets			338,632			232,217
Creditors
Amounts fallingdue
withinoneyear		13	11,151)			(8,124)
Netcurrent assets					327,481			224,093
Net assets					£360,812			£ 350,205
Thefunds ofthe charity
Unrestricted funds -
General fund					100,000			100,000
Designated funds					260,812			250,205
					360,812			350,205
Restrictedfunds		14			-			-
					£360,812			£350,205

For the year ending 31 August 2023 the company was entitled to exemption under section 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the board of directors on 14 March 2024 and signed on its behalf

presesesteesessssersesegosssasenesseresCSJon Directoy and Trustee

CS Jones

(6)

THE INCREDIBLE DESIGN COMPANY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

1) Accounting Policies

(a) Basis of accounting

The accounts have been prepared under the historical cost convention as modified to include investments at valuation. The accounts have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019,the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011, and the Companies Act 2006.

The trustees consider there are no material uncertainties about the charitable company's ability to continue as a going concern.

(b) Income

Voluntary income and donations are included in incoming resources when they are receivable, except when donors' conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in the cost of raising funds.
Income from government and other grants, whether ‘capital’ grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants has been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

(c) Expenditure

Expenditure is classified under the following activity headings:-

° Costs of raising funds comprise the direct costs of trading.
e Costs of charitable activities includes the overhead costs of the organisation and the governance costs.
(d) Tangible fixed assets Fixed assets are capitalised at cost.

Depreciation is provided on al! tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Equipment

25% straight line basis

(e)} Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

(f) Fund accounting

Unrestricted funds are those that are available for use at the trustees’ discretion in furtherance of any of the objectives of the charity.

Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes.

Restricted funds are those donated for a specific purpose.

(7)

THE INCREDIBLE DESIGN COMPANY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023 (CONTINUED)

1) Accounting Policies (Continued)

(g) Governance Costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. The costs include those relating to accountancy services, insurance and investment portfolio charges.

2)	Donations and Legacies			2023	2022
		Unrestricted	Restricted	Total	Total
		£	£	£	£
	Mr&Mrs Williams	-	-	-	2,000
	Tek Express	17,680	-	17,680	7,680
	Kalimex	3,240	-	3,240	3,240
	GMIFCLtd	1,700	-	1,700	1,100
	Uckfield Framing	1,200		1,200	-
	ErnstKleinwort	-	-	-	4,766
	SussexCommunity Foundation	10,000	-	10,000	-
	Didymus	-	5,000	5,000	-
	National LotteryCommunityFund,
	Awards ForAll	-	-	-	29,950
	Garfield WestonFoundation	10,000	-	10,000	-
	Edward Gostling Foundation	-	5,000	5,000	-
	TheMark Benevolent Fund	-	16,950	16,950	-
	The GoldbergMemorial Trust	-	-	-	3,000
	Firle Hill Climb	1,521	-	1,521	2,000
	Richard Rutherford	-	-	-	1,000
	East Brighton Golf Club	-	-	-	5,31]
	Henry Smith Charity	-	-	-	5,000
	Hedley Foundation	-	-	-	3,000
	DayAggregates GolfDay	-	-	-	1,000
	JackyJenkins	-	-	-	1,000
	IndividualDonations under £1,000	1,812	-	1,812	5,701
		47,153	26,950	74,103	75,748
3)	Incomefrom trading activities			2023	2022
				£	£
	Sale ofprinted promotional items and clothing			129,072	101,377
4)	InvestmentIncome			2023	2022
				£	£
	Dividend income			3,326	2,875
	Interestreceivable on cash deposits			1,927	465
				5,253	3,340

(8)

THE INCREDIBLE DESIGN COMPANY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023 (CONTINUED)

5)		OtherIncome		2023	2022
				£	£
		Council grants and Governmentfurloughscheme		-	2,261
6)	(a)	Expenditureon		2023	2022
		raising funds		£	£
		Direct costs ofsale of
		printed promotional items and clothing :
		Opening stock		5,736	5,544
		Purchases		58,210	44,218
		Less: closing stock		(4,645)	(5,736)
				59,301	44,026
		Fund Raising Costs		6,000	7,190
				65,301	51,216
6)	(b)	Net income from activities general funds		2023	2022
				£	£
		Incomefrom activities (Note 3)		129,072	101,377
		Costofgenerating funds (Note 6a)		(65,301)	(51,216)
				63,771	50,161
7)		Charitable activities		2023	2022
				£	£
		Overhead costs
		Staffcosts (Note 8)		120,341	128,449
		Rent and Service Charge		15,917	16,083
		Lightand Heat		2,276	2,909
		Telephone		664	457
		Repairs and maintenance		3,901	3,229
		Postageand stationery		2,689	1,513
		Advertising&promotion		1,614	116
		Printingcosts		2,086	1,399
		Computerexpenses		4,660	2,684
		Depreciation		19,888	14,411
		Other administrative costs		4,235	1,304
				178,271	172,554
		Governance costs
		Accountancy		1,625	1,430
		Legal Fees	:	400	-
		Insurance		2,660	2,589
				4,685	4,019
		Totalcharitableactivities		182,956	176,573

(9)

THE INCREDIBLE DESIGN COMPANY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2023

(CONTINUED)

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|||||||||| |---|---|---|---|---|---|---|---|---| |8)|Staff costs|2023|2022| |£|£| |Wages|and|salaries|111,506|117,303| |Social|security|costs|6,029|7,627| |Pension|costs|2,806|3,519| |120,341|128,449| |The|average|weekly number of staff employed,|calculated|as|full|time|equivalents|during the period| |was|as|follows:| |2023|2022| |Direct|charitable|work|4|4| |No employee|received|remuneration|of more|than|£60,000|(2022:|Nil).|