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2021-03-31-accounts

Trustees Mr G Walsh (Chair) Mr G Walsh (Chair) Mr G Walsh (Chair)
Mr P G Dupont
Mr A Holter
Ms P Kendall
Mr C Strutt
Mr J Trainor
Mr A Wenham
Secretary Mr J Williams
Charity number 1096788
Company number 04637252
Registered office 8 Saffrons Road
Eastbourne
East Sussex
BN21 1DG
Auditor Knill James LLP
One Bell Lane
Lewes
East Sussex
BN7 1JU
Bankers Barclays Bank Pic
63/67 Terminus Road
Eastbourne
East Sussex
BN21 3NE
Solicitors Mayo Wynne Baxter
20 Gildredge Road
Eastbourne
East Sussex
BN21 4RP

Page
Trustees report 1-6
Statement
oftrustees
responsibilities
Independent
auditor's
report 8-10
Statement
of financial
activities 11 - 12
Balance sheet 13
Statement
ofcash flows
14
Notes to the financial statements 15-32

3VA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF 3VA Because of the inherent limitalions of an audit, there is a risk that we will not detect all irfegularilies, including those leading lo a material misstaternent in the financial statements or non<ompliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in Ihe financial stalemenls, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial slalefflents is located on the Finaneial Reporting Council's website al.. https'.Ilwww.frc.org.uklOur-WorklAudiVAudit-and-assurancelStandards-and- guidancelStandards-and-guidance-for-audrtorslAudilors-responsibililies-for-audrtlDescriplion-of-audrtors- responsibililies-foi-audit.aspx. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's Iruslees, as a body, in accordance with part 4 of the Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might slate lo the charity's Iruslees those matters we 8re required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work. for this report, or for the opinions we have formed. Knill James LLP Chartered Accountsnls Statutory Auditor One Bell Lane Lewes East Sussex BN7 1JU Knill James LLP is eligible for appoinlmenl as auditor of the charitable company by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Co¥npanies Act 2006. 10-

Current financial Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general designated
2021 2021 2021 2021 2020
Notes E
In
n
wme sfr m:
Charitable
activities
259,750 579,305 839,055 503,014
Other trading activities 46,401 46,401 44,872
Investments 650 650 1,461
Other income 2,353 2,353 3,000
Total income 309,154 579,305 888,459 552,347
Charitable
activities
295,084 475,969 771,053 544,401
Other expenses 12 4,477 4,477 (1,024)
Total resources expended 299,561 475,969 775,530 543,377
Net incoming resources before transfers 9,593 103,336 112,929 8,970
Gross transfers between funds 5,218 (5,218)
Net income for the year/
Net movement in funds 14,811 (5,218) 103,336 112,929 8,970
Fund balances at 1 April 2020 155,047 121,024 103,115 379,186 370,216
Fund balances at 31 March 2021 169,858 115,806 206,451 492,115 379,186

Prior financial Prior financial year
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2020 2020 2020 2020
Notes
In om
n
nd
wmen
Charitable
activities
264,462 238,552 503,014
Other trading activities 44,872 44,872
Investments 1,461 1,461
Other income 3,000 3,000
Total income 313,795 238,552 552,347
e
i
r
Charitable
activities
301,087 243,314 544,401
Other expenses 12 (1,024) (1,024)
Total resources expended 300,063 243,314 543,377
Net incoming resources before transfers 13,732 (4,762) 8,970
Gross transfers between funds 2,682 318 (3,000)
Net income for the year/
Net movement in funds 16,414 318 (7,762) 8,970
Fund balances at 1 April 2019 138,633 120,706 110,877 370,216
Fund balances at 31 March 2020 155,047 121,024 103,115 379,186

2021 2020
Notes
Fixed assets
Tangible assets 13 8,003 2,303
Current assets
Debtors 14 13,900 46,660
Investments 15 50,000 50,000
Cash at bank and in hand 621,617 418,576
685,517 515,236
Creditors: amounts falling due within
one year 16 (164,733) (94,902)
Net current assets 520,784 420,334
Total assets less current liabilities 528,787 422,637
Provisions
for liabilities
(36,672) (43,451)
Net assets 492,115 379,186
Income funds
Restricted
funds
20 206,451 103,115
Unrestricted
funds -
designated 115,806 121,024
General
unrestricted
funds 169,858 155,047
492,115 379,186

2021 2020
Notes
Cash flows from operating activities
Cash generated
from/(absorbed
by)
25
operations 209,718 (49,684)
Investing
activities
Purchase oftangible
fixed assets
(7,327) (769)
Investment
income received
650 1,461
Net cash (used in)/generated from
investing
activities
(6,677) 692
Net cash used in financing activities
Net increase/(decrease)
in
cash and cash
equivalents 203,041 (48,992)
Cash and cash equivalents at beginning of year 418,576 467,568
Cash and cash equivalents at end of year 621,617 418,576

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Unrestricted Unrestricted
funds funds
general general
2021 2020
E
Rental income 46,401 44,872
5 Investments
Unrestricted Unrestricted
funds funds
general general
2021f 2020
Interest receivable 650 1,461
6 Other income
Unrestricted Unrestricted
funds funds
general general
2021 2020
F
Other income 778
Advertising income 1,575 3,000
2,353 3,000

Grants to Grants to
Institutions Institutions
2021 2020
Staff costs 368,528 318,175
Depreciation
and impairment
1,627 6,993
Management
fee
70,931 31,524
Rent, utilities,
repairs
and renewals 49,445 63,961
Printing,
postage and
stationery 2,652 2,694
Legal, professional and consultancy fees 15,672 12,353
Telephone 3,776 2,219
Marketing,
promotion
and events 921 275
Computer costs 15,311 5,854
Travel and subsistence 185 2,457
Training 4,086 5,553
Insurance 2,694 2,643
Other charitable
expenses
1,265 12,870
Administration
costs recharged
to restricted
projects (14,955) (25,106)
522,138 442,465
Grant funding
ofactivities (see note
8) 234,221 90,317
Share ofgovernance costs (see note 9) 14,694 11,619
771,053 544,401
Analysis
by fund
Unrestricted
funds -
general 295,084 301,087
Restricted
funds
475,969 243,314
771,053 544,401

Grants to Grants to
Institutions Institutions
2021 2020
Grants to institutions:
From Devonshire West Big Local funds 145,530 90,317
Other 88,691

Support costs
Support Governance 2021 Support Governance 2020
costs costs costs costs
F E E
Audit fees 10,754 10,754 6,504 6,504
Legal and professional 3,740 3,740 2,968 2,968
Travelling expenses 17 17 1,256 1,256
AGM expenses 719 719
Bank charges 183 183 172 172
14,694 14,694 11,619 11,619
Analysed between
Charitable activities 14,694 14,694 11,619 11,619

11 Employees (Continued)
Employment
costs
2021 2020
Wages and salaries 331,456 285,378
Social security costs 23,590 19,524
Other pension costs 13,482 13,273
368,528 318,175

2021 2020
Remeasurements - impact ofchange in assumptions 3,500 (1,690)
Financing costs 977 666
4,477 (1,024)
13 Tangible fixed assets
Computers
Cost
At 1 April 2020 30,823
Additions 7,327
At 31 March 2021 38,150
Depreciation and impairment
At 1 April 2020 28,520
Depreciation charged in the year 1,627
At 31 March 2021 30,147
Carrying
amount
At 31 March 2021 8,003
At 31 March 2020 2,303

14 Debtors
2021 2020
Amounts
falling due
within one year:
Trade debtors 13,031 45,356
Prepayments and accrued income 869 1,304
13,900 46,660
15 Current asset investments
2021 2020
Unlisted
investments
50,000 50,000
16 Creditors: amounts falling due within one year
2021 2020
Notes f
Other taxation and social security 5,006 6,195
Deferred income 18 54,871 16,218
Trade creditors 32,502 32,787
Other creditors 24,800 11,545
Accruals and deferred income 47,554 28,157
164,733 94,902
Provisions
for liabilities
2021 2020
Notes
Retirement
benefit obligations
19 36,672 43,451
36,672 43,451
18 Deferred income
2021 2020
Arising
from government
grants 36,000
Other deferred income 18,871 16,218
54,871 16,218

19 Retirement
benefit schemes
Retirement
benefit schemes
(Continued)
Amounts
recognised
in the statement
offinancial activities;
2021 2020
f. F
Net interest on defined benefit liability 977 666
Amounts
taken to
other comprehensive income:
2021 2020
F
Actuarial changes related to obligations 1,254 (1,178)
The amounts
included
in the
balance sheet arising
from
the charitable
company's
obligations
in respect of defined
benefit plans are as follows:
2021 2020
Present value ofdefined
benefit obligations
36,672 43,451
Deficit in scheme 36,672 43,451
Movements
in the
present value of defined benefit obligations:
2021
Liabilities at 1 April 2020 43,451
Deficit contribution paid (9,010)
Actuarial
gains and
losses 1,254
Interest cost 977
At 31 March 2021 36,672
The defined
benefit
obligations arise from plans funded as follows:
2021
E
Wholly
unfunded
obligations
Wholly or partly funded
obligations
36,672
36,672
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Balance at Transfers Balance at Transfers Balance at
1 April 2019 1 April 2020 31 March 2021
Special Reserve 120,706 318 121,024 (5,218) 115,806
120,706 318 121,024 (5,218) 115,806
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The remuneration
of key manag
eme nt
pers onnel
is as
follows.
2021f 2020
Aggregate
compensation
49,146 36,524
25 Cash generated
from operations
2021 2020
E
Surplus for the year 112,929 8,970
Adjustments
for:
Investment
income recognised
in statement offinancial activities (650) (1,461)
Depreciation
and impairment
oftangible
fixed assets 1,627 6,993
Difference between
pension charge
and cash contributions (6,779) (9,259)
Movements
in working
capital:
Decrease/(increase)
in debtors
32,760 (36,416)
Increase
in creditors
31,178 1,846
Increase/(decrease)
in deferred
income 38,653 (20,357)
Cash generated
from/(absorbed
by) operations 209,718 (49,684)
26 Analysis ofchanges
in net funds
The charitable
company
had no
debt during the year.