Charity Reglstratlon No. 1094905 Company Registration No. 03387617 (England and Wales SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ••••sussex • • • • Community • • • • Development 0 O 0 O Association
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Cotnish (Chair) H Macaulay (Treasurer) D Osbom A Shields I SullNan E Wagstaff S Williams Chief Executlve Officer P Shimmin Charity number 1094905 Company number 03387617 Princlpal address and registered office Denton Island Community Centre Denton Island Newhaven East Sussex BN9 9BA Audltors TC Group The Coutyard Shoreham Road Upper Beeding Steyning West Sussex BN44 3TN Bankers HSBC 94 Temiinus Road Eastboume East Sussex BN213ND
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD CONTENTS Page Trustees. report Statement of trustees, responsibiltties Independent aLKlitors' reporl 10 Statement of financial activities (including income & expenditure report) 14 Balance sheet 15 statemenl of cashftows 16 Notes to the accourrts 17
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and accounts for the year ended 31 March 2024. which are also prepared to meet the requirements for a directors. report and accounts for Companies Act purposes. The accounts have been prepared in accordance with the accounting policies set out in note 2 to the accounts and comply with the charity's Memorandum and Artides of Association. the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practi (Charities SORP {FRS 102) effective 1 January 2019). 1. Structure* governance and management SCDA is an independent registered charity {1094905). company (03387617) limited by guarantee and a development trust delivering a range of projects to meet the needs of the community across Sussex. SCDA is a membership organisation of voluntary and community groups- currently we have 70 member groups. The Board of up to 12 volunteer trustees is elected frn individuals nominated by the member groups or co-opted for specific S.1[S to oversee our activities. The Trustees have delegated the day-to-day management of the charity lo the Chief Executive Officer. The work streams eaGh have a Programme Manager who participate with the Finance Director and HR Director in the Senior Management team. Projects also benefit from advisory 'Steering Groups, made up of local partner organisations and users. The trustees, who are also the directors for the purpose of company law, and who Served during the year were: John Comish {Chair) W Green (resigned 23 July 2023) A Langford-Hebbelinck (resigned on 6 December 2023) Helen Macaulay (Treasurer) Ruari Mccourt (resigned, subsequent to the year end. on 30 May 2024) Sarah Monk (resigned 2 August 2023) Daniel Osbom Andrew Shields loni Sullivan Edward Wagstaff Sean Williams None of the trustees has any beneficial inlerest in the company. 2. Rlsk SCDA'S Board of TTUStees regularly reviews different aspects of the potential iisks to the charity and lake steps to minimise the likelihood of Fisk factors actually occurrbng and to minimise their effects should any occur. Risk is Managed through a Risk Management Policy. which includes the maintenance of a risk register which identifies and rates SCDA-wde and project specific risks and appropriate mitigation strategies. The risk register is reviewed and updaled on a quarterly basis and presented to the Finance Sub Committee and Board. The charity faces the following types of risk:
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 2.1 Financial sustalnabili SCDA receives funding from a variety of different sources. The grants and contracts are for varying periods and amoun15 and, like any chartty, it requires constantwork to maintain the requiredjigsaw of income to pursue SCDA s charitable aims. SCDA works to mitigate the risks of short-temi funding through soual enterprise, the development of an income-generating asset base, the development of best practice models of service delivery, contracting, continuous cycle offundraising and by avoidance of overdependence on any single funder. SCDA are aware ofthe need for contingency planning to ensure resilience in a period of economic constraint. the ending of longer-term nding streams, changes in the funding landscape, perfomiance under payment by results contracts and the impacts of inflalion Having no expectation of slatLrtory core fijnding has minimised the vulnerability of SCDA to statutory grant funding cuts. The Board. Finance. Audit and Risk Sub Committee. the Senior Management Team and Programme Management all address financial sustainability on a regular basis. 2.2 Com liance 2.2.1 Finance systems SCDA has a very flat management structure with a small finan team, led by a Finance Director. SCDA works to mitigate risks through the operation of effective finance and reporting systems to the Board. Finance, Audit and Risk Subcommittee, the Senior Management Team and Programme Managers., annual budgets in each project area and the involvement of Programme Managers in budgetary control. The basis of reporting is a rolling full year forecast that is updated on a regular basis with analysis of varianS from the annual Board approved budget. Contract outputs, impact and outcomes and the perfonnance of Payment by Results wntracts are monitored closely to meet contract requirements. 2.2.2 Health and Safety SCDA is responsible for the operation of a broad range of projects operating across East Sussex, which require vigilance to meet the needs of paid staff, volunteers arKI the predominantly vulnerable client group_ A comprehensive overarching summary risk assessment across all activities is carried out annually with half yearly reviews. The Health and Safety risks of each project area are reviewed on a quarterly basis, with additional risk assessments for all new activities, premises and workstations. Each project area has a H8alth and Safety representative, who is trained, conducts risk assessments and attends quarterly Health and Safety meetings. SCDA operates clear lone working policies, parts"cularly important for oUta¢h seNice delivery. There is a rolling programme of compliance training for all staff and volunteers. which indudes First Aid and Safe Lifting & Handling. All project areas work to methods and procedures including dealing with critical inadents with appropriate procedures for each professional area. Health and Safety policy and procedures continue to be reviewed to meet amendments to central Government guidance related to the pandemic. 2.2.3 Chlld prote¢tlon and adult safeguarding DBS checks are carried aut for all staff. volunteers and trustees where the role requires, with enhanced checks for relevant staff and any volunteers undertaking regulated activities. All ChkS are kept on file. DBS checks are renewed every 3 years. All slaff and volunteers are trained in safeguarding, child protection and working with vulnerable adults and in SCDA policies and Produres. Policies and procedures are regularly reviewed to ensure statutory compliance and best practi including Serious Incident reporting. The nominated Irained and experienced safeguarding lead from the tnanagement team convenes regular meetings to review practice with relevallt service area leads. They liaise wth the Board nominated safeguarding lead.
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 2.2.4 Data protection SCDA policy and procedures address compliance with data protection requirements, including training for staff and regular staff briefings. All staff have been trained in the requirements of the General Dala Prolecb'on RegLJlation (GDPR) 2.3 Human resource mana ement SCDA employs across a wide skill base and experiences fluctuations in recruiting appropriately experienced and qualified staff and volunteers across that skills range. To mitigate this, SCDA employs a MCIPD qualified HR Director wilh 27 years, experience. supported by qualified and experienced HR protessionals and drawing on the HR expertisewthin the Board as required. SCDA is a significant employerwith a numberof part time and sessional slaff, as well as significant numbers of volunteers. There 15 an 8nnual review of policies and procedures contained in the staff handbook and updates are approved by the Board. Line managers exercise a standard process of staff and volunteer supervision and appraisal. which additionally identifies training needs for personal development and for compliance. SCOA compliance and development training is coordinaled by the HR Director. The HR & Governance sub committee meets regularfy reporting to the full Board. working to the realisation of th8 SCDA People Plan. All staff are given induction and access to training. Succession planning is in pla for all senior posts, particularly wth the development of a robust Management team. A rolling programme of review of all job descriptions ensures they accurately reflectjob roles, with benchmarking of salaries and systematicjob evaluations. All posts are appointed wtthin the SCDA established pay banding system. The risks attached to inability to recruit suitably skilled, qualified and experienced staff for specialist roles are mits'gated by tPEse measur8s. 2.4 Im 2.4.1 Qualtty assurance SCOA obtains approprrate extemal quality assurance for project areas. SCDA achieved IAG Matrix re-accreditation for all services in January 2023. The nursery arKI crèche provision is registered with and inspected by Ofsted with a Good judgemenl in July 2019. Counselling ServIS are registered to BACP standards. The Continuous Quality Improvement staff group coordinates quality assurance including acts.ons to assess the impact of services and achievement of key perfomiance indicators agreed by the Board annually against the 3-year vision 2023-25. 2.4.2 Impact assessment The SCDA Board receives regular reports on the impact ot service delivery across all programme areas, SCDA works with a number of academic institutions and evaluation partners on research to assess and validate the impact of services. A database is being rolled out to improve SCDA capacity to record impact measures wthin '7 Pillars, assessing community and individual impact. 2.5 Re utation 2.5.1 Community relations SCDA works within local communities across the county. across communities of interest and with VCSE partners. Each project area has a system for gathering user feedback and feeding that into project planning and delivery. 2.5.2 Partnership working SCDA delivers a number of prqects in partnership wth other charitable, ststutory and commercial organisations. Before partnering with any organisation SCDA ensures that the partner shares SCDA'S commilment to quality and impact. An annual community impact survey rewews partner and community perceptions.
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 2.6 Governance 2.6.1 Board SCDA'S Board has identtfied the skills required for Board effectiveness and has been pro-actively recnJiting new Board membership to meet relevant skills. Clear recruitment procedures for new Board members, a comprehensive induction process, identification of skills gaps and the assessment and implementation Df training for Board members have developed the Board skill base. Board members agree to a Code of Conduct to address potential conlTicls of interesl and loyalties and maintain annual declarations of interest and declarations of interest at each Board meeting. Issues of governance are addressed through the HR and G0vemae Subcommittee ané an annual review of Board effectiveness and audit of skills within the Charty Governance Code. Board meetings are held at least four times a year with reports generated through 3 Subcommittees meeting additionally., Finance. Audit and Risk; HR and Governan. Impact and Project Development. The Chair and Chief Executive attend all 3 Subcommittees to ensure integration. 2.6.2 Strategy The overall direction of SCDA'S activities is set and managed through a 3-year strategic planning cycle. The Board reviews progress in delivering the Wision 2023-25 through quarterly KPI reports and annual review. 2.7 Business continul 2.7.1 Premlses SCDA operates from 10 sites and delivers services in a range of outreach locations across East Sussex. SCDA mitigates risk through the operation of a business continuity policy. 2.7.2 IT SCDA has robust policies to maximise data security and minimise the risk of unauthorised access to or loss of data stored electronically. All data is stored ntrallY in encrypted fomi on duplicated servers and is backed up daily. Management of the charity's IT systems is outsourced to a reputable managed IT support provider. 3. Objecttves and activitles The Charity's objects are to promote for the public benefit regeneration in an area of s([al and economic deprivation particularly in Sussex, by a) the relief of poverty. b) the relief of unemployment- c) the advancement of education, training or retraining. and the provision of work experien and Ihe provision of work experience particularly among unemployed people and those who by asOn of their financial. cultural social and health povety are suffering from financial hardship or who are otherwise in charitable need,. d) the provision of financial assislance. technical assistan, business advice or consultancy in order to provide or promote training arKI employment oprtUnitieS for unemployed people and those suffering from financial hardship. e) the creation of training and employment opportunities by the provision of workspa, buildings an(Vor land for use on favourable lerms", Ihe maintenance. improvement or provision of public amenities. g) the pre5etvalion of buildings or sites of historic or architectural importan- h) the provision and development of recreational faciltties for the public at large or those who by reason of their youth, age. infimiity or disablement, poverty or social and economic cirCumstans, have need of such faulities., il the proledion or conservation of the environment- j) the provision of public health facilities and childcare- and k> the promotion of public Safety and the prevention of crime.
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 4. SCDA'5 aims in 202312024 Making a difference in our communtty by improving economic stabilty and opportunity, health and wellbeing and addressing loneliness and social isolats'on and social cohesion. SCDA services are underpinned by agreed values". Driven by need - User and local community imiolvement to identify gaps in services: development of projects to meet community needs and meeting Ihe needs of the most vulnerable in the community,. Person centred - holistically meeting needs with integrated services: Inclusive working to ensure our services, opportunities and community spaces are accessible and welcoming to all and allow everyone to participate and contrrbute Quallty continuous quality improvement, evidencing irKlividual and community impact" continuing innovation., and development of effective delivery models- Building stronger, healthier and more inclusive communltles developing community assets including volunteers., developing individual and community leaming and skills to meet current and tUre needs and support Cunt and ftrture change wtth resilience: and sustainable community-based initiatives including srKial enterprise: Working in partnership ~ support effective partnerships between the voluntary, statutory and private sectors lo address identified community needs. SCDA currently works through 12 key services delNering: Thriving People, Thriving Communities and Shared Prosperity. 5. Achievements and performance Thrivin Peo Healthy Lifestyles SCDA coordinates the delivery of asset-based community development to address health inequalities across East Sussex. Developing activities to address the wider detemiinants of health and wellbeing.. including supporting access to green and blue open spaces by all and encouraging communrty gardens. Research wwth academic partners into the health and wellbeing impads of a(Less to open spaces. Wellbeing Building access to counselling through Sussex community Counselling. Supporting people affected by suicide. Supporting the mental wellbeing ofyoung people. Loneliness and Soclal Isolation Supporting individual and community wellbeing by promoting community connections. Deliverrng befriending activities and promoting volunteerrng and community messengers. Young people Work with Young People aged 8 to 18. delivering infomation and advi through Drop In and a range of youth activities across the Havens and Lewes. Facilitabng an active Young people's voice through the young People's Forum.
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Thrivin Communities: Famlly Inclusion Enabling parents and carers to access high quality famity leaming and wider support activities with children. Actively engaging wth parents through a vibrant Families Forum. Community Inclusion Building community engagement and links. supporting access to ServIS by local people from diverse ethnic backgrounds through Sompriti and supporting people who are victim5 of crime. Community Hubs Promoting community action and assets through local projects and volunteering and developing community hubs as community resources. Envimnment and Cllmate Change strengthening Gommunity resilience to climate change and animating activities to instigate changes including active travel and community gardens. Shared Pros er Food Securlty Coordinating the emergency food response across the Havens and supporting the development of the Lewes District Food Partnership. Employablllty Delivering high quality information, advi and guidance to local people facing multiple barriers to employment. We support local businesses lo recruit locally. We maintain best practi to the IAGIMatrix quality standard. Outreach work across Lewes District, Wealden. Eastboume, Hastings and Rother demonslrating the effectiveness of delivery io meet the needs of people vulnerable in the labour market and access to work, leaming and volunteering opportunities. Employment Navigators are supporting people to address th6 Positive contribution of being in work to individual health and well-being. Funding lead for partner delivery in Kent. Communlty Advice Services to ensure local and bmely access lo qualty assured, free. confidential, impartial infomiation and specialist advice across East Sussex, particularly addressing access to welfare benefits and debt specialist advice, the impacts of inflation and the cost of living and supporting access to advice Ihrough Advice Navigators. Supporting access to advice to address the wider detemiinants of health and wellbeing. Social Enterprise Identifying and realising opportunities to develcp social enterprise lo meet community needs. In setting our objecttves and planning our activities. SCDA trustees have given careful consideration to the Charity Commission general guidan on public benefit. Further details of all SCDA projects and services are contained within the SCDA Annual Report 202312024.
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 6. Financial Review As always, SCDA'S trustees, on behalf of the people who access SCDA setvices, are most grateful to the funders and contract dients who have supported SCDA'S work during this last and previous years. Income Total income for the year was £5.052,681, a decrease of £17% on the previous year. Unrestricted income from Charitable activities increased by 60A to £2.330.978. while Restricted income decreased by 30 % to £2,572,998. Donation income, the majority of which is unrestricte(l. decreased by 35Yo. However, at £131k, donation income represents only 30kn of the total income. Expendtture Total Expenditure decreased by 7% to £5.145.235 representing 1020A of total income (2022123: glo). Reserves Restricted funds can only be spent in accordan with mutual agreements with funders. However, trustees can use the Charity's 'free reserves, as they see fit: as long as this is in furtherance of the charity's objects as registered WFth the Charity Commission. As a charity whose operations are focused on the more deprived parts of East Sussex, SCDA has little call on ind"vidual donations of cash, although a significant amount of support is given in the form of people's generous contribution as volunteers. As a result, the Trustees especially value the potentsal of free reserves to initiate or give on-going support to SCDA services in response to need, ev&n when available funding is insufficient. At 31 March 2024. SCDA'S toial resenfes were £2,493.*5, a decrease of 4°/0 on the previous year end. Tris total includes unrestricled reserves of £1,161.945, which is a 150A increase on the prior year. SCDA'S free reserves are calculated as follows: 2024 £1,161,945 £529,462 Total unrestricted ftjnds Of which.. Unrestricted operational fixed assets Free reserves 2023 £1.011,309 £581,293 £632,483 £430,016 The Trustees have recently reviewed the Reserves Policy and have set a target of £650k which reflects the incom& risk inherent in the next 2 years funding and expenditure risks such as redundancy, allowing for'bridging, gaps belween contracts and grants and investment in fundraising. This target represents just over 3 months unrestricted expenditure cover. The charity is operat'ng at 97°h of the target as at 31 March 2024 and monitors progress against the target on a quarterly basis.
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 7. Plans for the future The overall direction of SCDA'S activities is set through the 3-year strategic planning cycle. The Vision 2023-25 aims to contribute positively to the quality of life of local people, developing communty assets and maintaining and developing Services to build healthy and sustainable communities by delivering sel¢eS within the 3 themes.. Thriving People ThrFving Communities Shared Prosperity The Board aims to develop the distinctive contributlon of SCDA by developing emphasis on community needs,. building integrated working intemally to address multiple issues- community links and user involvement, ensuring services are inclusive., the quality of provision.- effective partnership working externally. The Board also assesses the impact and the difference SCDA services are making through the co-production of impact measure5, in(lividual action plans. community impact. independent evaluations and economic evaluation. SCDA is a development trust, a community-led and CnmunItyoWned organisation. which worf(s as a 'community anchor'_ delivering seNices and facilities. finding soltrtions to local problems and helping other organisations and initiatives succeed. SCDA is independent but works with the public sectoi, private businesses and other community groups. SCDA aims lo use self-help, trading for social purpose and development of individual and community assets to bring long-term social, economic and environmental benefits to the community. 8. Dlsclosure of infomjation to auditors Each of th& truslees has confimied that there is no infomiation of which they are aware which is relevant to the audit, but of which the audilor is unavrare. They have ftlrther confirmed that they have taken appropriate steps to identity such relevant intomiation and to estsblish that the auditors are aware of such information. 9. Auditors A resolution will be put to the Annual General meeting lo appoint auditors for the year ending 31 sl March 2025. Signed on behalf of the Board of Trustees by.. John Cornish Trustee (Chair) November 2024 Helen Macaulay Trustee (Treasur) November 2024
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees, who are also the directors for the purposes of compary law. are responsible for preparing the Tru51ees' Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard in the UK and the Republic of Ireland,. Company law requires the trustees to Prepa financial statements for each financial year, which give a true and fair view of the affairs of the charitable company and of the incoming resOUS and application of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial statements, the trustees are qUIred to.. select suitsble accounting policies and apply them consistently,. observe the methods and principles of the Charities, SORP- - make judgements and estimates that are reasonable and prudent: and prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the charitable Gompany wll continue in operah'on. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accura at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the chatable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities,
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD We have audited the financial statements of Sussex Communty Development ASlatIon Ltd ('the charitable company,) for the year ended 31 March 2024 thich comprise the Statement of Financial Activities, the Balanc8 Sheet, the Cashflow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable 18w and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a twe and fair view of the state of the charilable company's affairs as at 31 March 2024 and of its incoming resour5 and applicalion of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audil in accordance with International Standaids on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorf5 responsibilities for the audit of the Iinancial statements section of our report. We are independenl of the charitable company in accordan with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide basis for our opinion. Conclusions relating to going concern We have nothing lo report in respect of the following matters in relation to which the ISAS {UK) require us to report to you where". the trustees, use af the going concem basis of accounting in the preparation of the financial stalements is not appropriale. or the tmslees have not disclosed in the finanaal statements any identified materral uncertainties that may cast significant doubt about Ihe charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least e1ve months from the dale when the financial stalements are authorised for issue. Other informatlon The other information comprises Ihe trustees, report. wthich includes the direclors, report, other than the financial statements and our auditols report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not express any fom) of assurance conclusion thereon. In connection with our au(fit of the financial statements. our responsibility is to read the other information and. in doing so, consider whether the other information is materially incon51Stent with the financial statements or our knowledge obtained in the audil or otherwise appears to be materially misstated. If we identify such matenal inconsistencies or apparent matenal misststemenls, we are required to detemiine whether there is a mal8rial misstaterrent in the financial statements or a material misstatement of the other infomialion. If. based on the work we have performed. we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. 10
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD INDEPENDENT AUDITORS. REPORT (CONTINUED) TO THE MEMBERS OF SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD Opinion on other mattors prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit, the information given in the trustees, report, which indudes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements.. and the directors, report induded within the trustees, rewrt has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained during the audit, we have not identified material misstatements in the directors. included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 20D6 requires us to report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial ststements are not in agreement with the accounting records and retums", or certain disclosures of trustees. remuneration specified by law are not made". or we have not received all the information and explanations we requi for our audit. Responsibilltles of the trustees As explained more fijlly in the truslees, responsibilities statement, the tnjstees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a Inje and fair view. and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitsble companys ability to continue as a going concern. disclosing, as applicable. matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate Ihe charitable company or to cease operations, or have no realistic altemative but to do so. Auditor'5 responsiblllties for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements are free from material mi5Statement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bLrt is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a matenal misstatement when it exists. Misstatements can arise from fraud or error aTKI are considered material if, individualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's webslte at: www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. li
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD INDEPENDENT AUDITORS, REPORT (CONTINUED) TO THE MEMBERS OF SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD Extent to which the audit wa5 considered capable of detecting Irregularities, Includlng fraud The objectives of our audit, in respect to fraud, are.. to idents'fy and assess the risks of material misstatement of the financial statements due to fraud.. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses,. and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevenb'on and detection of fraud rests with both those charged wth govemance of the entity and its management. Our approach was as follows: We identified areas of laws and regulations that could reasonably bè expected to have a material effect on the financial st8lements from our general sector experience, and through discussion wth the trustees and other management (as required by aLJditing standards). and discussed with the trustees and other management the policies and produreS regarding compliance with laws and regulats'ons {see below)" We identified the following areas as those most likely to have such an effect: health and safety. General Data Protection Regulation (GDPR).. fraud" bribery and corruption, and employment law. Auditing slandards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the tnJstees and other management and inspection of regulatory and legal correspondence. if any. The identified actual or suspected non-compliance was not sufficiently gnificant to our audit to result in our iesponse being identified as a key audit matter. We considered the legal and regulatory frameworks directly applicable to the financial statements reporting framework (FRS 102 and the and Charities Act 2011) and the relevant lax compliance regulations in the UK: We considered the nature of the charity's operations. the control environment and financial performan. We communicated Identified laws and regulations throughout our team and remained alert to any indicab'ons of non-compliants thr¢Jughout the audit.. We considered the prOdureS and controls that the chanty has established to address risks identified, or thal othewise prevent, deter and detect fraud; and how senior management monitors those programmes and controls. Based on this understanding we designed our audit prOdureS to identify non-compliance with such laws and regulations. ere the risk was considered to be higher, we perfonned audit procedures lo address each identifi'ed fraud risk_ These procedures included.. testing manual joumals,. reviewing the financial statement disclosures and testing to supporting documentation", perfomiing analytical procedures," and enquirtng of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error. Owing to the inherent limilations of an audit, there is an unavoidable risk that we may not have detected some materral misstatements in the financial statements. even though we have property planned and performed our audit in accordance with auditing standards. For example. the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions rellected in th8 financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurrrng due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion, omission or misrepresentalion. We are not responsible for preventing non-compliance and cannot be expected lo detect nonrycompliance with all laws and regulations 12
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD INDEPENDENT AUDITORS. REPORT (CONTINUED) TO THE MEMBERS OF SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD Use of our Report This report is made solely to the charitable company's members, as a body. in accordance th Chapter 3 of Part 16 ofthe Companies Act 2006. Ouraudit work has been undertaken so that we might state to the charitsble company's Members those matters we are required to state to thern in an auditorfs report and for no other purpose. To the fullest exlent pemiitted by law, we do not accept or assume responsibility to anyone other Ihan the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Mark Cummins FCCA (Senlor Sta for and on behalf of TC Group Slatutory Auditor Office.. Steyning. West Sussex ory Audltorl Dated". 13
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds Restricted funds Total 2024 Total 2023 Notes Income Donations and legacies Income from investments 121.876 17.998 8,840 130,716 17,998 201,887 3,129 139,874 8,840 148,714 Income from Charitable actlvities Development of East Sussex 204,816 2.330.978 2.572,988 4,903,966 5,883.043 Totsl income 2.470,852 2.581,828 5,052.680 6,087,859 Ex enditure Expenditure on charitable activltles Developmenl of East Sussex 2.320.216 2.825.019 5,145,235 5,529,473 Totsl expendlture 2.320.216 2,825.019 5,145.235 5,529,473 Net incomel(expenditure} and net movement In funds for the year 150,636 (243.191) (92,555) 558,386 Reconciliation of funds Fund balances brought forward at 1 April 2023 1.011,309 1.575,211 2,586,520 2,028,134 Fund balances carrled forward at 31 March 2024 15 1,161,945 1,332,020 2.493,965 2,586,520 The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. All activities of the charity a classed as continuing. There are no recognised gains or losses other than those reported on the Statement of Financial Activities. 14
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD BALANCE SHEET AS A T31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 10 1.251,684 1,323,078 Current assets Debtors Short tenn deposits. cash at bank and in hand 11 225.112 184,611 1.471.980 1.802,032 1.697,092 Creditors: amounts falling due within one year 1,986,643 12 (454.811) 1723.201) Net current assets 1,242,281 1,263,442 Total assets less current liabilities 2.493.965 2,588.520 The funds of the charity., Restricted funds 14 1,332,020 1,575.211 Other charitable funds Unrestricted income funds 15 1.161,945 1.011,309 Totsl charity funds 2,493,965 2,586,520 The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies House 2006 and are for circulation lo members of Ihe Company. The notes on pages 17 to 28 form part ofthese accounts. The financial statements were approved by the Board on 9th November 2024 and signed on rls behalf by John Cornish Trustee (Chalrl Company Registration No. 03387617 Helen MaGgulay TnAStee (Treasurer) 15
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities: Net Incomellexpenditure) for the year Adjustments for: Deprecaation charges Wrile down of fixed assets Oividends, interest and rents from investrnenls {Increase)Idecrease in debtors Increasel{decrease) in credttors <92.555) 558.386 23.300 3,094 24,881 21,408 (17.998) (40.501) 1268,390) (3,129) 91.944 26.145 11 12 Net cash provided byl{used in) operating activilles 1393,050) 719,635 Cash flows from investing activities: Dividends, interest and rents from investhients Purchase of tangible a&sels Sale of tangible assets 17,998 3.129 10 (4,353) 10 45,000 Net cash provlded byl(used in) investing activities 62,998 11,224) Change in cash and cash equivalents in year {330,052) 718.411 Cash and cash equivalents at the beginning ofthe year 1.802.032 1,083,621 Cash and $h equivalents at the end of the year 1.471.980 1.802,032 Cash and cash equivalents above are represented by.. Cash at bank and in hand .471,980 1,802.032 16
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Statutory Inforniallon The charity is a charitable company, limited by guarantee. registered in England and Wales. The registered office, company number and charity number are detailed on the Legal and Administrative Information page. Accounting pollcies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chanbes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)- (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Sussex Community Development Association Ltd C'SCDA") meets the definition of a public benefit entity under FRS102. Assets and liabilities are initialFy recognised at historical cost or transaction value unless otherwse stated in the relevant accounting policy note{s). After reviewing the charity's forecasts and projections, the trustees hav8 a reasonable expeclation that the charity has adequate resources to continue in operational existence for the foreseeable fLrture. The charity therefore continues to adopt the going concem basis in preparing ils financial statements The financial statements are prepared in Pounds Sterfing, which is the functional currency of the charty Monelary amounts in these financial statements are rounded to the nearest pound. 2.2 Income Income is recognised when the charity has entitlement to the funds, any perfomance conditions attached to the itemls) of income have been met, il is probable that the income wll be received and the amount can be measured reliaily. Funds received that do not meet these critetia are recorded as deferred income al the year end. Incorne from govemment 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 g rants have been met, il is probable that the income will be received and the amount can be measured reliably and is not deferred. Other incorne, including investment income, rental income, café income and nursery fee income is recorded on an accruals basis. 2.3 Expenditure Expenditure is included on an acGruals basis with the Ir0verable element of Value Added Tax included within the item of expense to which it relates_ Costs relating specifically to a particular activity are allocated directly, others are apportioned on a basis deemed appropriate by the Trustees upon consideration of the use of the resource. Governance costs comprise those costs assolaated wrth meeting the constitutional and stalutory requirements of the charty and include audit fees and costs linked to the strategic management Df the charity. 17
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed assets and depreciation Tangible fixed assets other than freehold land and leasehold property are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful lrfe, as follows: Leasehold propety 125 years straight line over the temi of the lease Solar panels 20 years straight line Youth shellers, Newhaven 25 years straight line Green gym, Hailsham 5 years straight line Denton Island YoLrth Cenlre 75 years from 2022 Fixtures, fittings & equipment Beeen 200A and 1000k straight line Long leasehold property is held at fair value. which is based on formal independent valuations. Details of the most recent valuation can be found in the notes to these accounts. The directors review the valuation for impairment annually. 2.5 Debtors Trade and other debtors are recognised at the Settlnent amount due. Prepayments are valued at the amount prepaid. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and shorl-term IiqLJid investments. The trustees seek to use short- and medium-term deposits vthere possible to maximise the retum on monies held at the bank and to manage cash flow. Creditors and provisions Creditors and provisions are recogni*d where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. 2.8 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financ4al Instruments, and Section 12 '0ther Financial Inslruments Issues, of FRS 10210 all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Basic financial instruments are recognised at amortised cost Leaslng and hire purchase commitments Rentals payable under operating leases are charged against Irome on a straight line basis over the period ofthe lease. 2.10 Pensions The charity operates a defined contribulion pension scheme. Contributions are tharged in the accounts as they become payable in accordance with the rules of Ihe scheme. 18
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2.11 Government Grants Government granls are recognised at the fair value of the asset receive d or receivable when there is reasonable assuran that the grant conditions will be met and the grants will be reived. A grant thal specifies performance conditions is recognised in income when the performance Gonditions are met. ere a grant does not specify perforniance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognits'on crileria are satisfied is recognised as a liability. 2.12 Employee beneflts Termination benefits are recognised as an expense when the charity is demonstrably commitled, without realislic possibility of withdrawal, to a formal detailed plan to either terminate employment before the normal retirement date, or to provide termination benefits as a result of an offer made to encourage volunlary redundancy Temiination benefits tor voluntary redundancies are recognised as an expense if the charity has rnade an offer of voluntary redundancy. it is probable thal the offer will be accepted, and the number of acceptsnce5 can be estimated reliably. 2.13 Legal status Sussex Community Development AsscKiab'on Ltd is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is Ltd to £1 per member of the charity. 2.14 Accumulated funds Restricted Funds - these are fvnds donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Unrestncted funds - these are funds. thIch are available for use at the trustees, discretion in furtherance of the objectives of the charity. Judgements and key sources of estimation uncertalnty In the application of the company s accounting policies, the director5 are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are nol readily apparenl from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resulls may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, where the revision affects only thal period. or in the period of the revision and futu periods, where the revision affects both current and future penods. Judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Long leasehold valuation The valuation of long leasehold property is based on a November 2015 ML Chartered Surveyors valuation report prepared in accordance with the Practice Statements of the Royal Institution of Chartered Surveyors (RICS) Appraisal and Valuation Standards. On the basis of a wofessional valuation carried out in August 2020 the direclors are of the opinion that the valuation within this repcrt is still appropriate at the balan sheet date. Key sources of estimation uncertalnty The Trustees are of the opinion Ihat there are no ests'mates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities. 19
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 4 Donations and legacles Unrestricted funds Restricted funds Total 2024 Total 2023 Donations and gifts 121,876 8,840 130,716 201,687 SCDA benefils greatly from the invclvement enthusiastic support of its many volunteers. detsils of whom are given in our annual report. In accordance with FRS 102 and the Charitie5 SORP (FRS 102), Ihe economic contribution of general volunteers is not recognised in the accounts. Income from charitsble activities Unrestricted funds Restrlcted funds Totsl 2024 Total 2023 Grants retsivable Contracted services Social enterprise Room hire 2.572,988 2,572.988 1,947.893 340,721 42.364 4,903,966 3,687,915 1,804,137 354,385 36,606 5,883.043 1.947,893 340.721 42.384 2.330.978 2,572.988 Included within grants receivable are the following: Age Concern Aspire Sussex Big Lottery Fund- Awards forAII Big Lottery Fund- Cost of LNing Big Lottery Fund - Get Socially Active Project Big Lottery Fund - Let's Gel Working 2.7 Big Lottery Fund- Strenglh in NumtErs Big Lottery Fund - Youth Building Project Brighlon Housing Trust Brighton & Hove Food Partnership Chalk Cliff Trust Children in Need Development Twsts Associalion Easl Sussex Communty vol - VRAC East Sussex County Council Eastbourne Borough Cncl1- Find Your Future Emest Kleinwort Charitable Trust Fitzjohns Foodbank Friends of Newhaven Foodbank Hastings Jorough Council Balance carried forward 12.000 2,890 12,000 21,804 9.999 70,219 5,357 86,630 4,055 120,626 908,181 87.225 50,000 4,700 5.000 8.269 1.700 5.880 1,869,087 130.000 400 11,653 3,200 1.792,560 51,783 13.000 34,215 15,815 28,000 14.477 3.162.763 2,217,962 20
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charltable artivities (continued) Balance brought forward 2,217,962 3.162.763 Hubbub Lewes Districl Counrjl - Communty Navigator Lewes District Counal - Community Safety Partnership Lewes District Council - Cost of Living Crisis Lewes District Council - Find Your Future Lewes District Council- Newhaven Towns Funding Lewes Distrrct Council - Warm Spaces Lewes District Council- Food Bank Masonic Charrlable Fund National Foundation for Youth Music National Heritage Lottery Fund Newhaven Town Council- Foodbank Newhaven Town cour11 - Youth funding Newhaven T¢)wn Council- Fish Feslival Newhaven Young People's Forum NHS East Sussex Clinical Commissioning Group NHS Sussex Integrated Care Group peahaVen Town Council - Foodbank Porchlighl- Aspirations Proje(X Rother District Council South Downs National Park Authority Southover Manor Trust Sport England Sussex Community Foundatio Sussex poli - Rural Domestic violen & AbLe and Bexhill Human Library Suslain2ble Food PlaS - Soil Associalion The Homity Trust The Pilgrim5 Trust The Steel Charilable Trusl The Trees Community Associalion Tc)wner Gallery University of Brighton Other grants 7,000 10,000 6,914 4.000 S2.128 30,187 6,000 5.000 18,000 25.000 8.838 18,225 6,960 5.000 3,300 18,225 7,083 3.300 15,996 19,740 40,000 300 165.189 590 13.442 750 (7,644) 60,488 1,620 10.000 4.000 30,300 20.000 1,000 10,000 2,000 23,300 13,000 13.000 95,960 79,758 3,000 1,662 27,567 3,687,915 2.572,988 21
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Total expendlture Staff costs Depreciation Other costs Total 2024 Total 2023 Charltable activities Develo ment of East Sussex Activities undertaken directly Support and governance cosls 1,872,467 26,394 2,895,530 4.794,391 5.214,708 314,520 36,324 350,844 314,765 Total Resources Expended 2,186,987 26.394 2.931.854 5,145,235 5,529,473 Govemance costs include amounts paid to the charity's auditors of £14.400 (2023.. £13,500) for audit fees and £nil (2023= £nil) for non-audit fee5. Analysis of support and governance ¢05ts Totsl 2024 Total 2023 Staff costs Other administration Legal and professional fees Audit and accountancy 314,520 22,840 285 13.199 272,309 22.772 4,475 15,209 314,765 350,844 22
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fund movements: Statement of Financial Activities - Year to 31 March 2023 2023 Total funds Unrestricted funds Restricted funds Notes Income Donations and legacies Income from investments 174,392 3.129 177,521 27,295 201,687 3,129 204.816 27.295 Incoming resources from charttable activltles: Development of East Sussex 2.195,128 3,687,915 5,883.043 Total income 2.372,649 3.715.210 6,087,859 Ex endlture Charitable actlvities", Development of East Sussex 2,155.735 3,373,738 5,529,473 Total expenditure 2.155,735 3.373.738 5,529,473 Net movement in funds 216,914 341,472 558,386 Fund balances broughtforward at 1 Aprll 2022 794,395 1,233.739 2,028,134 Fund balances carried forward at 31 March 2023 1,011,309 1,575.211 2,586,520 23
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Analysis of employee numbers and costs. trustee remuneratlon and expenses. and the cost of key management personnel The charity'5 trustees were not paid nor did they receive any other benefits trorn employment yth SCDA 12Q23.' £nil) neither were they reimbursed expenses during the year {2023. £nil). Except as disclosed in note 17 Related Parties. no twstee received payment for professional or other service5 supplied lo the charity {2023: £nil). The key management person1 of the charity comprise the Chief Executive Offir. Finance Director and HR Director. The toial employee beneffts of the key management personnel of the charity were £171.158 {2023= £187,332). Number of employees The average monthly number of employees as full time equivalents during the year was- 2024 Number 2023 Number Project workers Adminislration and support 55 71 63 The full-time equivalent staff numbers are reported above. The total number of full and part-ts'me staff employed at 31 March 2024 was 94 (2023.. 85). Employment costs 2024 2023 Wages and salaries Social securty costs Other pension costs 1,977.030 157.617 52,340 2,186,987 2.072,719 160.377 56.713 2,289,809 Employment costs include redundancy costs totalling £4.932 (2023.. £3,247). There is a provision of £6,500 for unpaid pension contributions for staff on matemty leave where the employer has an obligation to compensate the employees for loss of employee contrrII1OnS due to the difference between contractual salary and maternity pay. Number of employees thoSe emolumerrts for the year exceeded £60,000.. 2024 2023 £70,000- £79,999 Contributions totalling £2,250 (2023.. £2,268) were made during the year lo a pension scheme on behalf of the above employee5. 24
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Tanglble fixed assets Land and buildings Youth shelters & Green Gym Computer EqulpmenL Trishaw & Boilers Solar panels Total Cost At 1 April 2023 Disposals Additions At 31 March 2024 1,387.255 (84,805) 5,748 1,308.198 24.649 26,642 97,305 1,535,851 (84,805) 5,748 1,456.794 24,649 26.642 97.305 Depreclatlon At 1 April 2023 Disposallwrite off Charge for the year At 31 March 2024 108,323 {34,057} 14.158 88,424 20.387 15,953 68,110 212,773 (34.057) 26.394 205,110 540 20,927 6,831 22,784 4,865 72.975 Net book value At 31 March 2024 1,219.774 3,722 3.858 24,330 1,251,684 At 31 March 2023 1,278,932 4.262 10,689 29,195 1,323,078 The net book value of land and bulldlngs comprises: 2024 2023 Freeholds (Hailsham Properties 50 years from 2016) Long leaseholds (over 50 years) Youth Building (brought into use in AFKrl 2020) 45,000 726,560 507,372 1,278,932 719,640 500,134 1,219.774 The charity's freehold and leasehold interest in 2&28A North Street. Hailsham was sold in October 2023. The resulting loss on disposal of £727 is induded in Other Costs. Comparable historical cost for the land and buildings included at valuation: 2024 972.139 165,542 2023 972,139 147.765 Cost Accumulated depreciation At 31 March 2024 816.597 824,374 All other tangible fixed assets are stated at historical cosL 25
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Debtors Total 2024 Total 2023 Trade debtors Prepayment5 and accrued income 214,894 10.218 225,112 170,862 13,749 184,611 12 Creditors: amounts falling due within one year Total 2024 Total 2023 Trade creditors Taxes and sorAal security costs Other creditors Accruals Deferred income 195.670 145,761 34,766 16,189 62,425 454.811 279.066 144.039 33,078 29,339 237,679 723,201 Deferred income outstanding at the balance sheet date comprises of various income streams where the income recognition criteria outlined in the Statement of Recommended practi (FRS 102) has not been met. 13 Pension and other post-retirernent benefit commitments The charity makes payments on behalf of the majority of Tts Staff to indrvidual defined contribution pension schemes. Amounts payable by the employer in the year were £54:893 {2023. £56.713) and £22.947 {2023. £11.899) was outstanding at the year end. 26
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Restricted funds The income fijnds of the charity include restricted fvnds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Incomlng Resources Balance at 31 resources expended March 2024 Balance at 1 April 2023 Youth Shelters Children and Family Centre Capital Advice & Inclusion Food Securtty Sompnti Solar Panels Employability Wellbeing Youth projects SCDA projects Youth Building DICC Community Gardens Community Hubs Environment & Climate Change Children & Families Healthy Lifestyles Social Enterprise SCDA other 4.263 203,870 380,070 130.026 28,410 29.195 54,219 13,042 150.213 504,457 13.550 5.000 33,934 24.962 540 3,723 196.950 116,299 50,970 12,903 24,330 285,950 6,920 1,118,198 279,418 42,427 4,865 430.867 13.042 154,505 7,238 12,437 98,861 111,267 67,743 443.304 30,187 3,200 2,825,019 854.427 200.362 26.920 662,598 134.853 130.561 497,219 1,113 1.899 1,380 8,723 95,760 78,713 51,504 443.304 30.187 3.200 2,581.828 1.575.211 1.322,020 A portion of the remaining value of SCDA'S 125 year lease on its Children and Family Centre (Denton Island Community Centre) is reported as a restricted fund. The Trustees recognise that their discretion over the use of this fund is restricted lo the purpose agreed with each funder. In certain circumstances where either the leas8 is sold orthe use ofthe building is changed. orin some cases both ofthese, the funderfs permission is required if the Charity is to relain the funds. In some cases the restriction is time limited_ The Trustees are committed to running the Children and Family Centre for the benefit of Newhaven residents in the long term and therefore consider the possibility of either selling the lease or significantly changing its use to be remote. Other restricted fvnds are as descnbed in the Trustees. Report. 27
SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Analysis of net assets between funds Unrestricted funds Restricted funds Total 2024 Fund balances at 31 March 2024 are represented by". Tangible fixed assets Current assets Creditors". amounts falling due within one year 529,462 1,087.294 {454,811) 1.161.945 722,222 609,798 1,251.684 1.697,092 (454,811) 2,493,965 1.332.020 Unrestricted funds Restrlcted funds Total 2023 Fund balances at 31 March 2023 are represented by: Tangible fixed assets Current assets Creditors.. amounts falling due wtthin one y 581,293 1,153.217 (723.201) 1,011.309 741,785 833,426 1.323,078 1,986,643 (723,201) 2,586,520 1.575.211 16 Commitments under operatlng leases At 31 March 2024 the company had total commitments under non-cancellable operating lease5 as follows.. Land and buildlngs Other 2024 2024 2023 2023 Due within one year Due between two and five years 50.568 14,000 30,648 8.520 7.248 1,270 64.568 30,648 15,768 1,270 In addition to the above the company is committed lo the payment of ground rent at a rate of £4,000 per annum in respect ol a 125 year lease on the Denton Island Community Centre lch commenced on 16 November 2003. Lease payments recognised as an expense in the year amounted to £77.988 (2023.. £137.954). 17 Related parties The following transacbons with related parties had the potential to inhibit SCDA from pursuing its aims independently. SCDA is a community organisab'on making such relationships common and the Trustees are satisfied that SCDA'S separate interests have been fully served in relaknon to these transactions. SCDA contracted with Brighton Electrical Servi$ of which Simon Upton is the owner, for maintenance work at a total cost of£l.287 (2023.. £1.999). Mr Upton is married to Amber Upton the HR Director. 28