Charity Registration No. 1096788
Company Registration No. 04637252 (England and Wales)
3VA
ANNUAL REPORT AND FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BUSINESS
ADVISORS
&ACCOUNTANTS
One Bell Lane
Lewes
East Sussex
BN7 IJU

3VA
CONTENTS
Page
Company information
Trustees report
Statement of trustees responsibilities
Independent auditor's report
8-10
Statement of h'nancial activities
11-12
Balance sheet
13
Statement of cash flows
14
Notes to the h'nancial statements
15-37

3VA
COMPANY INFORMATION
Trustees
Mrj Morton (Chairl
Mr P G Dupont
Mr M Hussain
Mrc Strutt
Secretary
Mrj Williams
Charity number
1096788
Company number
04637252
Re8lStered office
Newhaven Enterprise Centre
Denton Island
Newhaven
East Sussex
BN9 9BA
Audltor
TC Group
One Bell Lane
Lewe5
East Sussex
BN7 IJU
Bankers
Barclays Bank PIC
63167 Terminus Road
Eastbourne
East Sussex
8N213NE
Solicitors
Mayo Wynne Baxter
20 Gildredge Road
Eastbourne
East Sussex
BN214RP

3VA
TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT)
FOR THE YEAR EAIDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The fbnancial statements have been prepared in accordance with the accounting policies set out in note I to the
financial statements and comply with the charitable company's memorandum and articles, the Companies Act
2006 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to chJities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arnl Republic of
Ireland IFRS 1021" leffective l January 20191.
Objectives and activities
The charitable company is a Council for Voluntary Service ICVSI with its main objects being:
a. to promote any charitable purposes for the benefit of the Community. primarily but not exclusively, in the local
government districts of Eastbourne. Lewes and Wealden and its neighbourhood Ihereinafter called "the area of
benefit") and to enable the delivery of services across East Sussex, in particular the advancement of education, the
protection of health and the relief of poverty, distress and sickness.
b. to promote and organise co-operation in the achievement of the above purposes and to that end to bring
together in council representatives of the voluntary organisations and statutory authorities within the area of
benefi't.
Better outcomes in society are achieved when local residents and communities are engaged in the d￿ign and
delivery of community services.
We know that services are more successful when they are designed and informed by those who use than. When
this doesn't happen or when communities are not listened to it can result in discrimination based on social class.
ethnicity, age, gender, disability, sexuality, or faith.
Having shared goals between local public bodies, voluntary, community and social enterprise IVCSEI organisations
and communities themselves ensures that the principles of co-design, co-production and community ownership
can be embedded and implemented to achieve a fairer society.
We believe that the local VCSE is the key to tackling inequality and driving social change. We also believe our work
in providing opportunities for all communities to have a greater voice is also crucial.
This is why we have refreshed our vision, mission, and strategic objectives to give us greater focus over the next 3
years-
3VA Vision
Vibrant, attive, inclusive communitr'es that enable and support positive change in East Sussex
3VA Mission
To empower and enable diverse communities in East Sussex, supporting community groups and communities of
interest and identity, VCSES, charities, and volunteers in growing strong and dynamic neighbourhoods. To advocate
for a thriving voluntary and community settor with local government, statutory authorities and the private sector

3VA
TRusfEES REPORT (INCLUDING DIREcfoRS' REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3VA Strdtegic Objertives
Enable all voluntary community organisations to thrive
By 2027 taking an asset-based approach we will enhance and support the knowledge,skills, and
experience within the voluntary and community settor to deliver successful projects, to make
successful funding bids and demonstrate the value of the sector
Enable sustainable growth and development in the voluntary and community sector
By 2027 we will develop partnerships and networks to tsckle issues and provide support ft)r service
delivery
Continue as the trusted and informed communlty voice for East Sussex
By 2027 we will be the voice for the voluntary and community sector in East Sussex, better able to
influence public bodies and benefitting from working with others around common themes. The public,
private and statutory 5ertors will increasingly value the cTrdesigned work developed with 3VA
Become a sustainable, resilient organisation driven by our values
By 2027 we will be a sustainable agile organisation and our stakeholders and partners will increa&ngly
value 3VA's role as a leader committed to tackling inequalities and working in partnership to benefit the
community and voluntary sector
Understand and promote the impacts of Climate Change on our communities
By 2027 we will be a prominent and respetted voice in supporting UN Sustainable Development goals in
East Sussex
Delivery of our strateglc objectives in 2023124
We have continued to work closely with colleagues, partners and stakeholders across East Sussex. including
ACEVO
Eastbourne Borough Council
Food Matters
Lewe5 District Council
NCVO
Ouse Valley CARES
Public Health England
Sussex Nature Recovery
UNA Climate and Oceans
Wealden District Council
East Sussex County Council
Feeding Britain
Good Food East Su55ex
NAVCA
NHS Sussex
OVESCO
Sussex Community Foundation
Sussex Police and Crime Commi55ion
VCSE Alliance
Wealden Volunteering

3VA
TRUSTEES REPORT {INCLUDING DIRE￿oR5, REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Volunteering
During the year, 3VA supported volunteering through
the 'Developing and Nurturing Volunteering, fund from East Sussex County Council, by working with the team
at ESCC and Tribe to develop and embed the volunteering digital platform
hosting 'Where Are We Now,, a collective discussion and review workshop for 50 of the county's leading
practitioners and stakeholders in the voluntary and community sector
hosting 'Celebr3ting Communities 2023, where over 100 colleagues celebrated the achievement5 of voluntary
and community organisations from Eastbourne, Lewes and Wealden
delivering quarterly Community Network Meetings. online training and extensive one-to-one support in the
communitv
* continuing to provide information, advice and guidance to groups, many of whom faced specific and pressing
issues around poverty, exclusion and the continuing Cost of Living Crisis. Some sought support from 3VA to
undertake general policy updates and to review their frnancial sustainability.
Project delivery
3VA has continues to work successfully on these projects..
Addressing Violence and Exploitation
Devonshire West Big Local
Homes for Ukraine
Making it Happen
Wealden Food Partnership
2023- 2024 in numbers
Delivered 1,191 hours sUPPOrt to 240 community groups
183,657 people's lives positt.vely impacted through supporting community groups
114 groups attended Community Network meeting5
358 hours supportrng Ukrainian Hubs, helping 1,354 people
541 news alerts with 2,414 artrcles
21.061 visitors to www. 3vcl.l)I
26,093 Facebook page users
10 news alerts every week
6 Willingdon Trees Making it Happen groups awarded £21,500
7 Shinewater Making it Happen groups awarded £6,500
4 Hampden Park Making it Happen groups awarded £13,500
2 Communities of Interest awarded £3,500
Achievements and performance
Financial review
3VA has ended the year with a balance on the general reserve of £202,313. Details of the designated funds are
shown in note 19 to the account5.
The analysis of restricted funds is shown in note 20 to the accounts. These represent funds for specific projects.
These Specific projects represent a significant amount of 3VA's activities during the year and account for income of
£442.551 out of a total of E655,991. The balances at the end of the year represent projects where monies have
been received in advance of the expenditure.

3VA
TRU5fEES REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reserves Policy
3VA continues to be dependent upon the financial support of its statutory funders to deliver the wnning of the
organisation.
Risk Management
Trustees continue to review the Risk Register with the advice and support of the Chief Executive.
Plans for future periods
Our aims continue to run for the period to 31 March 2025 and we are working on developing four thanes under
our two main goals. These will cover our core offer around advice, training and community networks, developing
our digital offer. developing our membership offer further, and ensuring that our staff and trustees are equipped
to take 3VA forward.
Structure, governance and management
The charitable company is a company limited by guarantee governed by its Memorandum and Articles of
Association.
The trustees, who are also the direttor5 for the purpose of company law, and who served during the year and up
to the date of signature of the financial statements were-
MrJ Morton (Chairl
Mr P G Dupont
Mr M Hussain
Mr Cstrutt
Ms A Bicknell
Mr A Holter
Mr G Walsh
Mr A Wenham
IResigned 24 August 20241
(Deceased 8 July 20241
(Resigned 17 September 20241
(Resigned 21 September 2023}
Recruitment and Appointment of Management Committee
Trustees are elected by a majority member vote at the Annual General Meeting. Training and induction occurs.
None of the trustee5 has any beneficial interest in the company. All trustees are members of the company and
with a limited guarantee of £1.
All trustees gave their time voluntarily and did not receive any benefits form the charity.
Any expenses reclaimed from the charity are set out in note 11 to the accounts. Trustees, indemnity insurance
was paid by the charity on behalf of the trustees as permitted by the memorandum and Articles of Association.

3VA
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Committees
The Board has appointed a Finance and Operations Committee, comprising Vice Chairman. Treasurer, Accountant,
Chief Executive, Director of Finance and Resource5 and Business Insights and Membership manager. This meets
quarterly to review current financial performance and financial projections and to advise the Board on finance
matters.
The Committee also maintains a risk register recording the major risks faced by 3VA and implements control
measures to manage any identified risks.
Pay and Remuneration of Key Management Personnel
All personnel are issues with clear job descriptions and contracts. Salaries are paid on National Joint Council
Scales.
Promoting the success of the companv
Notes 19 to 22 set out a summary of the various funds of 3VA with appropriate description and analysis of the
assets contributable to each fund.
Auditor
In accordance with the company's articles, a resolub'on proposing that TC Group be reappointed as auditor of the
company will be put at a General Meeting.
The trustees report was approved by the Board of Trustees.
Mrj Morton Ichairl
Trustee
o>/l/a

3VA
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of 3VA for the purpose of company law, are responsible fcr preparing the
Trustees Report and the financial statements in accordance with applicable law and United Kingdom A￿oUnting
Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that year.
In preparin8 these financial statements, the trustees are required to-
select suitable accounting policie5 and then apply them consistentlv;
observe the methods and principle5 in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. subject to any material departure5
disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless It 15 inappropriate to presume that the
charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy 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 charitable
company and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities.

3VA
INDEPENDENT AUDITOR'S REPORT
TO THE TRusfEES OF 3VA
Opinion
We have audited the financial statements of 3VA (the 'charitable company'l for the year ended 31 March 2024
which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to
the financial statements, including significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financlal Reporting Standard applicoble in the UK ond Republic of Irelond Iunited
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements=
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi￿,.
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on AuditinE IUKI IISAS IUKII and applicable
law. Our responsibilities under those standaids are further described in the Auditor's respon5ibilitiesfor the audit
of the accounts section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S &hical Standard.
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAS IUKI r8]uire us to
report to you where..
the trustees use of the going concern basis of accounting in the preparation of the fi'nancial statements is
not appropriate; or
the trustees have not disclosed in the financial statements any identified material uncertainties that mav
cast signih.cant doubt about the charitable company'5 ability to continue to adopt the going concern basis of
accountr.ng for a period of at least twelve months from the date when the fi'nancial statements are
authorised for issue.
Other information
The trustees are responsible for the other information. The other information comprises the information included
in the annual report, other than the fi'nancial statements and our auditor's report thereon. 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 form of assurance conclusion thereon.
In connection with our audit of the h'nancial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identr.fy such material
inconsistencies or apparent material misstatement5, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact.
We have nothing to report in this regard.

3VA
INDEPENDENT AUDITOR'S REPORT {CO￿lNuED)
TO THE TRUSTEES OF 3VA
Matters on which we are required to report by exception
We have nothing to report in respect of the following matter5 in relation to which the Charities IAccounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees
report; or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records: or
we have not received all the information and explanations we require for our audit.
Responslbilities of trustee5
As explained more fully in the statement of trustees responsibilities, the trustees, who are also the dirertors of
the charitable company for the purpose of company law, are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal 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 charitable company's ability to continue as a goin8 concern, disclosing, as applicable, matters
related to going concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Audltor's responslbllities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial Statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable a55urance is a high level of assurance but is not a guarantee that an audit con(bcted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements C3n arise
from fraud or error and are considered material if, individually or in the aggregate. they could re&onably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. https.'/lwww.frc.org.uk/Our-Work/AuditlAudit-and-assurancelStandards-and-
guidance/Standard5-and-guidance-for-auditorslAuditors-respon5ibilities-for-audit/Description-of-auditors-
responsibilities-for-audit.aspx. This description forms part of our auditor's report.

3VA
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF 3VA
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts
and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charity's
trLJStees those matters we are required to state to them in an auditor's 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.
Tc&
David Martin FCA (Senior Statutory Auditor)
for and on behalf of TC Group
Statutory Auditor
Office: Lewes
TC Group is eligible for appointment a5 auditor of the charitable company by virtue of its eligibilty for
appointment as auditor of a company under of sectr.on 1212 of the Companies Act 2006
10-

3VA
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOU
FOR THE YEAR ENDED 31 MARCH 2024
Current financlal year
Unrestrirted Unrestricted
funds
funds
general
Designated
2024
2024
Restricted
funds
Total
Total
2024
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
4,434
892,086
1,883
10.280
202,620
3,818
7,002
442.551
645,171
3,818
7,002
Total income
213,440
442,551
655,991
908,683
Expendlture on:
Charitable activities
Other expenditure
270.408
3.733
515,378
785,786
3,733
806.055
4.861
12
Total expenditure
274,141
515,378
789.519
810,916
Net income/(expenditure}
160,7011
{72,8271
1133,5281
97.767
Transfers between funds
125,872
5,153
1131.0251
Net movement in funds
65,171
5,153
1203.8521
1133,528}
97,767
Reconcillation of funds:
Fund balances at l April 2023
137,142
98,087
443.160
678,389
580,622
Fund balances at 31 March 2024
202,313
103,240
239,308
544.861
678,389
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.
11

3VA
STATEMENT OF FINANCIAL AcfiviTIES (CONTINUEDI
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prior financial year
un￿StrICted Unrestricted
funds
funds
general
Designated
as restated
Restricted
funds
Total
2023
2023
2023
2023
Notes
Income and endowments from:
Donatr"ons and legacies
Charitsble activities
Investments
Other income
4,434
702,015
4,434
892,086
1,883
10,280
190,071
1,883
9,935
345
Total income
201,889
706.794
908,683
Expenditure on:
Charitable activities
Other expenditure
225,651
4,861
580,404
806,055
4,861
12
Total expenditure
230,512
580,404
810.916
Net income/(expenditure)
128,6231
126,390
97,767
Transfers between funds
21.719
117,7191
14,0001
Net movement in funds
16,9041
117,7191
122,390
97,767
Reconciliation of fund5:
Fund balances at l April 2022
144,046
115,806
320,770
580,622
Fund balances at 31 March 2023
137,142
98,087
443,160
678,389
12

3VA
BALANCE SHE
ASAT31 MARCH 2024
2024
2023
as restated
Note5
Fixed assets
Tangible assets
14
7.017
9,911
Current assets
Debtors
Cash at bank and in hand
15
261,744
526,679
26,461
819,103
788.423
845,564
Creditors: amounts falling due withln
one year
16
1248,0761
1171,7281
Net current a55ets
540,347
673,836
Total assets less current Ilabilities
547,364
683,747
Provislons for liabilitfes
12.5031
{5,3581
Net assets
544,861
678.389
Income funds
Restricted funds
Unrestricted fund5 - designated
Gener31 unrestricted funds
20
239,308
103,240
202,313
443,160
98.087
137,142
19
544,861
678.389
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies
Act 2006. for the year ended 31 March 2024, although an audit has been carried out under section 144 of the
Charities Att 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Att 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial Statements under the
requirements of the Companies Act 2006, forthe year in question in accordance with section 476.
These financial Statements have been prepared in accordance with the provision5 applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on .........................
Mr J Morton Ichairl
Trustee
Company Registrdtion No. 04637252
13-

3VA
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash (absorbed byl/generated from
operations
24
1294,8131
14,896
Investing activities
Purchase of tangible fi'xed assets
Proceeds from disposal of investments
Investment income received
11,4291
18,5361
50,000
1,883
3,818
Net cash generated from investing activities
2,389
43,347
Net cash used in financing act7vities
Net {decrease)/increase in cash and cash
equivalents
1292,4241
58,243
Cash and cash equivalents at beginning of year
819,103
760,860
Cash and cash equivalents at end of year
526.679
819,103
14-

3VA
NOTES TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charlty information
3VA is a private company limited by guarantee incorporated in England and Wales. The registered office is
Newhaven Enterprise Centre, Denton Island, Newhaven, East Sussex, BN9 9BA.
1.1 Accounting convention
The accounts have been prepared in accordance with the charitable company's Memorandum and Articles
of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The
charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable
company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention. The principal affjounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charitable company has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for SFecific
purposes. The purposes and uses of the designated funds are set out in the note5 to the financial
statements.
Restricted funds are subject to specific condition5 by donors or grantors as to how they may be used. The
purposes and uses of the restrirted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charitable company is legally entitled to it after any performance ccnditions
have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has
been notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the time of
the donation.
15-

3VA
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continuedl
Legacies are recognised on receipt or otherwise if the charitable company h3s been notified of an i mpending
distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy s treated
as a contingent asset.
Donated professional services and donated facilib.es are recognised as income when the charity has control
over the item, any conditions associated with the donated item have been met, the receipt of economr
benefi't from the use by the charity of the item is probable and that economic benefi't can be measured
reliably. In accordance with the Charities SORP IFRS 1021, general volunteer time is not recognised. On
receipt, donated professional services and donated facilities are recognised on the basis of the value of the
gift to the charity which is the amount the charity would have been willing to pay to obtain services of
facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognGed in
expenditure in the period of receipt.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of the income
received for specific purposes but not expended during the period is shown in the relevant funds on the
balance sheet. Where income is received in advance of meeting any performance-related conditions there is
not unconditr.onal entitlement to the income and its recognitr.on is deferred and incl(Jded in creditOLE a5
deferred income until the performance-related conditt.ons are met. Where entitlement occurs before income
is received, the income is accrued.
Other income such as rental income, management services and training fees are included in the accounts on
an accruals basis. 3VA is not registered for VAT.
1.5 Expenditure
Expenditure is included within the statement of financial activities on an accruals basis. Expenditure which is
directly attributable to specific projects has been included within those c05t categories. Where cost5 are
attributable to more than one activity, they have been apportt.oned across the cost categories on the basi5
consistent with the use of those resources.
1.6 Tangible fixed assets
Tangible lixed assets are initially measured at cost and subsequently measvred at cost or valuation, net of
depreciation and any impairment losses.
Tangible fixed asset5 are stated at Cost less depreciation. Only assets costing in excess of £l,00) are
capitalised. Depreciation is recogni5ed 50 a5 to write off the cost or valuation of assets less their residual
values over their useful lives on the following bases=
Computers
4 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of fi'nancial activities.
16-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policie5
(Continuedl
1.7 Impalrment of fixed assets
At each reporting end date, the charitable company reviews the carrying amounts of its tangible asset5 to
determine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss lif anvl.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or le55. and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.
1.9 Financial instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instrument5, and
Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its fi'nancial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable
company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when
there is a legally enforceable right to set off the recognised amounts and there 15 an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Baslcfinanclal assets
Basic financial asset5. which include debtors and cash and bank balances. are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost Using the
effettive interest method unle55 the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
asset5 cla55ified as receivable within one year are not amortrsed.
Basicfinoncial liabilitie5
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the p￿sent
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are 5ub5equently carried at amorti5ed cost, using the effective interest rate method.
Trade creditor5 are obligations to pay for goods or Services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised inits'ally at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition offinonclal Ilablllties
Financial liabilities are derecognised when the charitable company's contractual obligations expire or are
discharged or cancelled.
17-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefi't5 are recognised immediately as an expense when the charitable company is
demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
The charity is a member of the multi-employer Growth Plan defined benefit pension scheme. It is not
possible for the charity to obtain sufficient information to enable it to account for the scheme as a defined
benefit scheme and it accounts for the scheme as a defined contribution scheme. The charity recognises the
present value of contributions payable to fund any deficit relating to past service that result from the
agreement with the multi-employer plan.
The cost of providing benefi'ts under defined benefi.t plans is determined separately for each plan using the
projected unit credit method. and is based on actuarial advice.
The change in the net defi'ned benefit liability arising from employee service during the year is recognised as
an employee cost. The cost of plan introductr"ons, benefit changes, settlements and curtailments are
recognised as incurred.
1.12 Leases
Rentals payable under operating leases. including any lease incentives received, are charged as an expense
on a straight line basis over the term of the relevant lease.
Critical accounting estimates and judgements
In the application of the charitable company's accounting policies. the trustees are required to troke
judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not
readily apparent from other sources. The estimates and associated assLsmptions are based on historical
experience and other fartors that are considered to be relevant. Actual results may differ from the
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimate5 are recognised in the period in which the estimate is revised where the revision affects cmly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
18-

3VA
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltical accounting estimates and judgements
(Continued)
Depreciation
The charity exercises judgement to determine useful lives and residual values of property, plant and
equipment. The assets are depreciated down to their residual values over their estimated useful lives.
Post-employment benefit obligations
The present value of the post-employment benefit obligations depends on a number of factors that are
determined on an actuarial basis using a number of a55umptions. The assumptions used in determining the
net cost lincomel for pensions include the discount rate. Any changes in these assumptions will imp&t the
carrying amount of post-employment benefit obligations. Key assumptions for post-employment benefit
obligations are disclosed in note 18.
Income from donations and legacies
Restricted
funds
2024
Restricted
funds
2023
Donations and gifts
4,434
19-

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3VA
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
3,818
1.883
Other Income
Unrestricted Restrlrted
funds
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Other income
Advertising income
7,002
7,002
9.535
400
345
9,880
400
7,002
7,002
9,935
345
10,280
21

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charitable activities
Grants to
institutions
Grants to
institutions
2024
2023
Oirect costs
Staff costs
Depreciation and impairment
Management fee
Rent. utilities, repairs and renewals
Printing, postage and stationery
Legal, professional and consultancy fees
Telephone
Marketing, promotion and events
Computer costs
Travel and subsistence
Training
Insurance
502,574
4,323
16,570
5,168
4,170
6,218
12,577
7,263
11.367
14.164
666
4,701
10,381
13,603
439,740
3.891
103,046
4,950
2,834
28,341
8,431
4,161
15,481
8,860
3,491
3,781
Subscriptions
Other charitable expenditure
Administration costs recharged to restricted projects
4,793
17,3371
613,745
624,463
Grant funding of activities (see note 81
140,730
166,487
sha￿ of support and governance costs (see note 9)
Governance
31,311
15,105
785,786
806,055
Analysis by fund
Unrestricted funds - general
Restricted funds
270,408
515,378
225,651
580,404
785.786
806,055
-22-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payable
Grants to
Grants to
Institutions Institutions
2024
2023
Grants to institutions..
Made from Devonshire West Big Local funds
Made from East Sussex County Council
Made from Lewes District Council
Other
26,283
22,097
3,000
89.350
88,332
78,155
140,730
166,487
Support costs allocated to artivlties
Grants to
institutions
Total
2024
2023
Governance
31,311
15.105
2024
2023
Governance cost5 comprise:
Audit fees
Legal and professional fees
Travelling expenses
Community AGM expenses
Bank charges
8,140
17.824
120
4.673
554
7,022
35
864
5,171
2.013
31,311
15,105
10 Trustees
None of the trustees lor any persons connected with them) received any remuneration from the charttable
company during the year. 212023 - 11 trustees was reimbursed for meeting expenses totalling £8112023
£571.
-23-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employees
The average monthly number of employees during the year was..
2024
2023
Number
Number
Employees (full and part timel
17
15
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
449,922
32,032
20,620
386,843
37,332
15.565
502,574
439,740
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
164,428
65,959
12 Other expenses
2024
2023
Remeasurements- impact of change in assumptions
Financing costs
3,528
205
4,703
158
3.733
4,861
13 Taxation
The charitv 15 exempt from taxation on its activities because all its income 15 applied for charitable purposes.
-24-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Tangible fixed assets
Computers
Cost
At l April 2023
Additions
Disposals
46,686
1.429
130,8881
At 31 March 2024
17,227
Depreciation and impairment
At l April 2023
Depreciation char8ed in the year
Eliminated in respect of disposals
36,775
4,323
130,8881
At 31 March 2024
10,210
Carrying amount
At 31 March 2024
7,017
At 31 March 2023
9,911
IS Debtors
2024
2023
Amounts falling due withln one year:
Trade debtors
Other debtor5 - Staff loan
Prepayments and accrued income
261,327
26,235
100
126
417
261,744
26.461
16 Credltors: amount5 fallin8 due within one year
2024
2023
Notes
Other taxation and social security
Grant5
Trade creditors
Other creditors
Accruals and deferred income
11,512
191,340
8,033
28,401
8,790
12,185
115,792
11,714
14,869
17,168
17
248,076
171,728
-25-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR EAIDED 31 MARCH 2024
17 Grants
2024
2023
Deferred income is included within..
Current liabilitres
191,340
115,792
Movements in the ye3r'.
Deferred income at l April 2023
Released from previous periods
Resources deferred in the year
115,792
{115,7921
191.340
167.589
162,0071
10,210
Deferred income at 31 March 2024
191.340
115,792
Deferred income relates to grants received ahead of the projects they are funding.
26-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Retirement benefit schemes
Defined benefit schemes
Scheme: The Pensions Trust- The Growth Plan
The company participates in the scheme, a multi-employer scheme which provides benefits to some 638
non-associated participating employers. The scheme is a defined benefit scheme in the UK. It is not possible
for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit
scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came intoforce on
30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial
Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit
occupational pension scheme5 in the UK.
The scheme is classified as a 'last-man standing arrangement,. Therefore the company is potential￿ liable
for other parkncipating employers, obligations if those employers are unable to meet their share of the
scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet
their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation shoNed
assets of £800.3m, liabilities of £831.9m and a defbcit of £31.6m. To eliminate this funding shortFall, the
Trustee has asked the participating employers to pay additional contributions to the scheme as follows..
Deficlt contrlbutlons
From l April 2022 to 31 January 2025..
£3,312,000 per annum (payable monthly)
Unless a conce55i0n has been agreed with the Trustee the term to 31 January 2025 applies.
Note that the scheme's previous valuation was carried out with an effective date of 30 September 2017.
Thi5 valuation showed assets of £794.9m, liabilities of £926.4m and a deficit of £131.5m. To eliminate this
funding shortfall, the Trustee asked the participating employers to pay additional contributions to the
scheme as follows:
Deficit corrtributions
From l April 2019 to 31 January 2025:
increasing by 3% each on 1st April)
£11,243,000 per annum Ipayable monthly and
The recovery plan contributions are allocated to each participating employer in line with their estimated
share of the Series l and Series 2 scheme liabilities.
Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the
company recognises a liability for this obligation. The amount recognised is the net present value of the
deficit reduction contributions payable under the agreement that relates to the deficit. The presentvalue is
calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is
recognised as a finance cost.
-27-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Retirement benefit schemes
(Continued)
Key Gssumpt70ns
2024
2023
Discount rate
5.31
5.52
The discount rates shown above are the equivalent single discount rates which, when used to disCo￿t the
future recovery plan contributions due, WOLtld give the same results as using a full AA corporate bornl yield
curve to discount the same recovery plan contributions.
Amounts recognised in the statement of fi'nancial activities-
2024
2023
Net interest on defined benefit liability
205
158
Amounts taken to other comprehensive income..
2024
2023
Actuarial changes related to obligation5
11431
The amounts included in the balance sheet arising from the charitable
company's obligations in respect of defined benefit plans are as follows..
2024
2023
Present value of defined benefi't obligations
2,503
5,358
Deficit in scheme
2,503
5,358
28-

3VA
NOTE5 TO THE FINANCIAL STATEMENTS ICQNTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Retirement benefit schemes
{Continued)
Movements in the present value of defined benefit obligations:
20Z4
Liabilities at l April 2023
Deficit contribution paid
Actuarial gains and losses
Interest cost
5,358
13,0621
205
At 31 March 2024
2,503
The defined benefit obligations arise from plans funded as follows..
2024
Wholly unfunded obligations
Wholly or partly funded obligations
2,503
2,503
-29-

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Unrestricted funds - Designated
These are unrestricted funds which are material to the charitable company's activities.
At l April 2023
Transfers At 31 March
2024
Legacy reserve
Redundancy reserve
80,915
17,172
80,915
22,325
5.153
98,087
5,153
103,240
Previous year:
At l April 2022
Transfers At 31 March
2023
Legacy reserve
Redundancy reserve
80,915
34,891
80,915
17,172
117,7191
115,806
117,7191
98,087
The legacy and redundancy reserve funds are money set aside to cover core expenditure in the event of core
funding from statutory funders being withdrawn. Such funds would provide the means to support the work
of the organisation whilst alternative funding was obtained. The amount required for this reserve is assessed
each year.
-30-

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I

3VA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used.
At l April 2023
Incoming
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2024
General funds
137,142
213.440
1274,1411
125,872
202,313
137,142
213,440
1274,1411
125,872
202,313
Previous year: At l April 2022
Incomlng
resources
Resources
expended
Transfers
Gains and At 31 March
losses
2023
General funds
144,046
201.889
1230.5121
21,719
137,142
144,046
201,889
230,512
21,719
137,142
22 Analysis of net assets between funds
Unrestrlcted Unrestrlcted
funds
funds
general
Designated
2024
2024
Restrirted
funds
Total
2024
2024
At 31 March 2024:
Tangible a55ets
Current assetsllliabilitiesl
Provisions and pensions
7,017
197.799
12,5031
7,017
540,347
{2,5031
103,240
239.308
202.313
103,240
239,308
S44.861
35-

3VA
NOTESTO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 31 MARCH 2024
22 Analysis of net assets between funds
(Continued}
Unrestricted Unrestricted
funds
funds
Designated
2023
Restricted
Total
funds
general
2023
2023
2023
At 31 March 2023:
Tangible assets
Current assets/lliabilitiesl
Provisions and pensions
9.911
132,589
15,3581
9,911
673,836
15,3581
98,087
443.160
137,142
98,087
443.160
678,389
23 Related party transactions
There were no disclosable related party transactions during the year.
24 Cash generated from operations
2024
2023
IDeficitl/surpus for the year
1133,5281
97,767
Adjustments for..
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Difference between pension charge and cash contributr.ons
13,8181
4,323
12,8551
11,8831
3,891
13,0471
Movements in working capital..
Ilncreasel in debtors
Increaselldecreasel in creditors
Increaselldecreasel in deferred income
1235,2831
800
112,8101
117,2251
151,7971
75,548
Cash (absorbed byl/generated from operations
1294,8131
14,896
25 Analysis of changes in net funds
The charitable company had no material debt during the year.
-36-

3VA
NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
26 Prior period adjustment
Reclassification of restricted funds
Amounts have been identified as restritted which were included as unrestricted in the prior period therefore
income and expenditure each totalling £64k have been reclassifed to reflect this restriction. This has had no
impact on the closing fund position as fully expended during the prior year.
37-