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2022-03-31-accounts

Trustees Mr G Welsh (Chair) Mr G Welsh (Chair) Mr G Welsh (Chair)
Mr P G Dupont
Mr A Holter
Mr C Strutt
Mr A Wenham
Ms A Bicknell (Appointed 10November
2022)
Secretary Mr J Williams
Charity number 1096766
Company number 04637252
Registered office Newhaven
Enterprise		 Centre
Denton
lsiand
Newhaven
East Sussex
BN9 9BA
Auditor Knill James LLP
One Beli Lane
Lewes
East Sussex
BN7 1JIJ
Bankers Barciays Bank Pic
63i67 Terminus Road
Eastboume
East Sussex
BN21 3NE
Solicitors Mayo Wynne Baxter
20 Gildredge Road
Eastboume
East Sussex
BN21 4RP

Page
Trustees report 1-4
Statement oftrustees responsibilities
Independent
auditor's		 report 6-8
Statement offinancial activities 9-10
Balance sheet
Statement
ofcash flows
Notes to the financial statements 13-31

3VA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF 3VA A bJrther desul)1¢￿ tsf ¢￿r re8pm￿blItie$ for the audrt of tho Iln8nLY81 stAt•rnents is kxated on the Fin8nclal Rewtirw Counc18 webslte at.. https..IfvAw.frc.org.uklOur-WorVAud￿AudbI-a￿I-a8surdn¢e1Star￿r¢1S-aTrd. guidancrlStsThlard8-an¢Sguhl8nCt-for￿udrttirS1AudIloTS-Ie5p￿¥5bil1wf01-?vd1UD89crfpts0n.ofv8IJJ1torS. re$rx)nsibllits.fr-audlLaspx. Thi5 descTiPtNJn fryms part of our auditorfs reporL Us• of our r•part Thi5 report Y6 mad8 sc48ly to the charitys tru¥toes, ay a body, in accothn¢a ￿1th pwt 4 d lh& charfts￿ IAcuJunts and RoPOrt81 Reg￿tiOnS 2008. thjr a￿lIwOrk has und&rt•ken $0 that we might stats to the challV3 twstees those mBtters we are requlred to Sta￿ to them in on auolitots rgport ly no other wrp09e. To the fullest 8Xt8nt pemiLtt￿ by law. ￿ do not 8¢CQPt or ￿Urne reswns1￿ty to anyo￿ other than thè carty and the ca)arWs truste•s as a b￿y. for tsw ts￿j1t work. for this reF4Xt, w for Ihe opini￿8 we havo fomiad. FI1￿11 FCA18•nlor 8tatutoryAudltorl tor and ryi b•hall of Knlll Jam•$ LLP Chart¢rod A¢¢ountsnl• ststutory Audltor On8 Bdl Lane Lewes Easl Suva•x BN7 1JU Knlll Jam8s LLP Is ￿￿}ble for aFvointmgnt 86 authtof ol the thadt8ble cJ)mpdny by vhtuè of b dlglbluty app)irth•nt as au¢Jitty of a ￿rr¢panY under se¢ticm 1212 01 the Compani•s Act 2006.

Current financial year Current financial year Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general designated
2022 2022 2022 2022 2021
Notes f.
Income and
n		 ow entsfr m:
Charitable
activities		 252,969 421,824 674,793 839,055
Other trading activities 38,869 38,869 46,401
lnvestnlents 88 88 650
Other income 3,560 3,560 2,353
Total income 295,486 421,824 717,310 888,459
Ex enditure on:
Charitable
activities		 339,062 307,505 646,567 771,053
Other expenses 12 (17,764) (17,764) 4,477
Total expenditure 321,298 307,505 628,803 775,530
Net (expenditure)/income for the year/
Net movement in funds i25,812) 114,319 88,507 112,929
Fund balances at 1 April 2021 169,858 l15,806 206,451 492,115 379,186
Fund balances at 31 %larch 2022 144,046 115,806 320,770 580,622 492,115

Prior financial Prior financial year
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
Notes 2021 2021f 2021
R		 2021
ncm a
edowmn		 frm:
Charitable
activities		 259,750 579,305 839,055
Other trading
activities		 46,401 46,401
Investments 650 650
Other income 2,353 2,353
Total Income 309,154 579,305 888,459
Charitable
activities		 295,084 475,969 771,053
Other expenses 4,477 4,477
Total expenditure 299,561 475,S6S 775,530
Net (outgoing)/Incoming resources before transfers 9,593 103,336 112,929
Gross transfers between funds 5,218 (5,218)
Net (expenditure)/income for the year/
Net movement in funds 14,811 (5,218) 103,336 112,929
Fund balances at 1 April 2020 155,047 121,024 103,115 379,186
Fund balances at 31 March 2021 169,858 115,806 206,451 492,115

2022 2021
Notes
Fixed assets
Tangible assets 13 5,267 8,003
Current assets
Debtors 14 13,650 13,900
Investments 15 50,000 50,000
Cash at bank and in hand 760,860 621,617
824,510 685,517
Creditors: amounts falling due within
one year (240,750) (164,733)
Net current assets 583,?60 520,784
Total assets less currant liabilities 589,027 528,787
Provisions for liabilities (8,405) (36,672)
Net assets 580,622 492,115
income funds
Restricted funds 20 320,770 206,451
Unrestricted funds - designated 115806 115r806
General
unrestricted		 funds 144,046 169,858
580,622 492,115

2022 2021
Notes
Cash flows from operating activities
Cash generated
from		 operations 139,155 209,718
Investing activities
Purchase oftangible fixed assets (7,327)
interest received 88 650
Net cash generated from/(used in)
investing activities (6,677)
Net increase
in cash and cash		 equivalents 139,243 203,041
Cash and cash equivalents at beginning ofyear 621,617 418,576
Cash and cash equivalents at end of year 760,860 621,617

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Rental income
5 Investments
Unrestricted Unrestricted
funds funds
general general
2022 2021
38,869 46,401
Unrestricted Unrestricted
funds funds
general general
2022 2021
f
Interest receivable 88 650
Unrestricted Unrestricted
funds funds
general general
2022 2021
Other income 778
Advertising income 3,560 1,575
3,560 2,353

Grants to Grants to
Institutions Institutions
2022 2021
f.
Staff costs 361,249 368,528
Depreciation and impairment 2,736 1,627
Management fee 26,201 70,931
Rent, utilities, repairs and renewals 53,642 49,445
Printing,
postage and		 stationery 2,448 2,652
Legal, professional and consultancy fees 17,990 15,672
Telephone 4,256 3,776
Marketing, promotion and events 9,619 921
Computer costs 11,971 15,311
Travel and subsistence 458 185
Training 1,349 4,086
Insurance 2,595 2,694
Other charitable expenses 1,769 1,265
Administration costs recharged to restricted projects (5,209) (14,955)
491,074 522, 'i 38
Grant funding of activities (see note 8) 144,302 234,221
Share of governance costs (see note 9) 11,191 14,694
646,567 771,053
Analysis by fund
Unrestricted funds —general 339,062 295,084
Restricted funds 307,505 475,969
646,567 771,053
8 Grants payable
Grants to Grants to
Institutions Institutions
2D22 2021
f E
Grants to institutions:
IVlade from l3evonshlre
West Big l.ocal funds		 46,879 145,530
Other 97,423 88,691

Support costs
Support Governance 2022 2021
costs costs
E
Audit fees 8,319 8,319 10,754
Legal and professional 2,401 2,401 3,740
Travelling expenses 221 221 17
Bank charges 250 250 183
11,191 11,191 14,694
Analysed between
Charitable activities 11,191 11,191 14,694

The averag e
mo		 nthly nu mber
ofemployees
during the yea		 r was:
2022 2021
Number Number
Employees (full and part time) 18 18

11 Employees (Continued)
Employment
costs		 2022 2021
f. E
Wages and salaries 321,181 331,456
Social security costs 25,195 23,590
Other pension costs 14,873 13,482
361,249 368,528

12 Other expen ses
2022 2021
Remeasurements - impact of change in assumptions {17,975) 3,500
Financing costs 211 977
{
'I		 7,764)
13 Tangibie fixed assets
Computers
E
Cost
At 1 April 2021 38,150
At 31 March 2022 38,150
Depreciation and impairment
At 1 April 2021 30,147
Depreciation charged in the year 2,736
At 31 March 2022 32,883
Carrying
amount
At 31 March 2022 5,267
At 31 March 2021 8,003

14 Debtors
2022 2021
Amounts
falling due		 within one year: R R
Trade debtors 12,552 13,031
Other debtors - staff loan 225
Prepayments
and accrued		 income 873 869
13,650 13,900
15 Current asset investments
2022 2021
K
Unlisted
investments		 50,000 50,000
16 Creditors: amounts falling due within one year
2022 2021
Notes E R
Other taxation and social security 4,541 5,006
Deferred Income 18 167,589 54,871
Trade creditors 12,541 32,502
Other creditors 24,719 24,800
Accruals and deferred income 31,360 47,554
240,750 164,733
Provisions for liabilities 2022 2021
Notes R
Retirement
benefit obligations		 19 8,405 36,672
8,405 36,672
18 Deferred income
2022 2021
Arising from government grants 167,589 36,000
Other deferred
income		 18,871
167,589 54,871

Deferred income (Continued)
2022 2021
R
Deferred income is included
within:
Current
liabilities		 167,589 54,871
Movements
in the year:
Deferred income at 1 April 2021 54,871 16,218
Released from previous periods (54,871) {16,218)
Resources deferred in the year 167,589 54,871
Deferred income at 31 March 2022 167,589 54,871

2022 2021
Net interest on defined
benefit liability		 211 977
Amounts
taken to other comprehensive		 income:
2021
Actuarial
changes
related to obligations		 {19,198) 1,254
The
amounts
induded
in
the
balance
company's
obligations
in respect of defined		 sheet
benefit		 arising
plans		 from
are as		 the
charitable
follows;
Present value ofde8ned benefit obligations 36,67?
Deficit in scheme 36,672
Movements
in the present
value of defined		 benefit obligations:
Liabilities at 1 April 2021
Deficit contribution
paid
Actuarial
gains and losses
Interest cost		 36,672
(9,280)
(19,198)
211
At 31 March 2022 8,405
The defined
benefit obligations
arise from		 plans funded as follows:
2022
Whoiiy unfunded
obligations
Wholly or partly funded
obligations		 8,405
8,405
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Movement
in funds
Balance at Transfers Balance at Incoming Balance at
1 April 2020 1April 2021 resources 31March
f.
Special Reserve 121,024 (5,218) 115,806 115,806
121,024 (5,218) 115,806 115,806
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2022 2021
Within one year 37,784
Between two and five years 12,637
50,421
24 Related party transactions
There were no disclosable
related party		 transactions during the year.
Remuneration
of key management		 personnel
The remuneration
of key management		 personnei is as follows.
Aggregate
compensation
25 Cash generated
from operations
Surplus
for the year		 88,507 112,929
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (88) (650)
Depreciation
and impairment
oftangible		 fixed assets 2,736 1,627
Difference between
pension charge and		 cash contributions (28,267) (6,779)
Movements
in working
capital:
Decrease
in debtors		 250 32,760
(Decrease)/increase
in creditors		 (36,701) 31,178
increase
in deferred
income		 112,718 38,653
Gash generated
from operations		 139,155 209,718
26 Analysis ofchanges
in net funds
The charitable
company
had no debt		 during the year.