Charlty registratlon number 1101140 Company reglstratlon numbgr 04716514 (England and Wales) EAST SUSSEX HEARING ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Caladine Chartered Certified Accountant5
EAST SUSSEX HEARING LEGAL AND ADMINISTRATIVE INFORMATION Trustees D Bone G Morris Dr J Martyr S Thursfield A Carter Dr K Norwood (Appointed 22 March 2024) Chlef Executlve D Rowan Secretary D Rowan Charlty numbor 1101140 Company numb•r 04716514 Independent examlner J Caladlne FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road E8Stbourne East Sussex BN21 1 BF Bankers Metro Bank One Southampton Row London INC1B SHA
EAST SUSSEX HEARING CONTENTS Page Trustees, report Statement of Trustees, responsibillties Independent examiner's report Statement of financlal activities Statement of financial position Notes to the financial statements 8-20
EAST SUSSEX HEARING TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statemenls and comply with the charity'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 (FRS 102) (effective 1 January 2019)" Objectlves and activltles The Charity's main objectives remaln unchanged and that is to improve the quality of life for people with hearing loss and anyone with a dual sensory loss {deafolind} and to redu loneliness and isolation within the community. We provide a range of support services for clients including- information & advice. equipment demonstrations and installations, lipreading and sign language classes, communication training and peer support groups. In addition to the above-mentioned services, we also provide Deaf Awareness Training to family, friends, carers and 'front-line" professional stsff, to enable them to communicate more effectively with someone who has a hearing loss. Publlc benoflt The Trustees have paid due regard to guidance issued by the Charity Commission In deciding what activities the charity should undertake. Achlevements and performance Some of our key seNices include: Informatlon and Advlce Outreach service. Hard of H8arlng groups - Support groups in Eastbourne, Polegat8, Uckfield, St Leonards-on-sea and Hastings. Deafbllnd groups- Support groups in Eastboume. Slgn Language Classe8- Eastbourne (3). Llpreadlng Classes - Easlboume, Lewes and Uckfield. Equlpment Installatlon we install and maintain hearlng assistive equipment on behalf of East Sussex County Council Sensory Impairment Team {SIRT>. Volunteerlng - including basic Maintenan of hearing aids and battery replacement servlce on behalf of the local NHS throughout the county From our Centre in Eastboume and throughout the county via our volunte&r led The future Our key goals for the next 12 months or so are.. To raise funding to run and support our full range of communty services. Commission our new Outreach vehicle The Hearing Hopper We hope to relaunch our hearing screening testing service. Launch our "Eamax removal. seNlCe. We are a small charity with a loyal and dedicated team of staff and volunteers and we pride ourselves on the level of Servi that we provide. But we can only continue to provide this much ne8ded service to the local hard of hearing community with the kind, generous support of funders; moving us closer to achieving our goal of an inclusive society where hard of hearing people can feel part of their local community and enjoy full independence.
EAST SUSSEX HEARING TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revièw There was a deficit for the year on unrestricted funds of £52,298 after covering any deficits arising on restricted funds (2023: deficit of £8,020). The charity seek to maintain at least 3 months operating expenditure as reserves calculated to be between £60,000 and £70,000. Unrestricted reserves carried forward are £17,396 {2023.' £69.694} and the trustees are looking to raise income levels through grant making trusts and a variety of fundraising initiatives. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. structure. governance and management The charity is a company limited by guarantee and was registered with the Charity Commission for England and Wales on 10 December 2003. The Charlty changed its name to East Sussex Hearing on 5th June 2020, The Trustees, who are also the dlrectors for the purpose of company law, and who seNed durfng the year and up to the date of signature of the financial statements were: V Le Croissette D Bone C Morris G Morris Dr J Matyr S Thursfield A Carter Mr E Rayner Dr K Norwood (Resigned 21 July 2023) (Resigned 30 November 2023) (Appointed 22 March 2024 and resigned 1 May 2024) (Appointed 22 March 2024) All of the Trustees are eligible for reolectlon and will be proposed for re-election at the next Annual General Meeting. New Trustees are appointed by majority vote of members in general meeting The Charity is managed on a day to day basis by Mr David Rowan together with support stsff. Trustees meet regularly to oversee the work of the charity. The Trustees, report was approved by the Board of Trustees. Trustee Date: .
EAST SUSSEX HEARING STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors of East Sussex Hearing for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP; make judgements and estimates that ar8 reasonable and prudent; state whether applicable UK Accounts'ng Standards have bean followed, subject to any material departures dlsclosed and explained in the financial statements., and prepare the financlal statements on the golng concem basis unless it is inapproprlate to presume that the chartty wlll continue in operation. The Trustees are responslble for keeping adequate accountlng records that disclose wlth reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es.
EAST SUSSEX HEARING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EAST SUSSEX HEARING I report to the Trustees on my examination of the financial statements of East Sussex Hearing (the charty) for the year ended 31 March 2024. Responslbilltles and basls of report As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member ofACCA, which is one of the listed bodles. I have completed my examinatlon. I confim that no matters havé come to my attention in connection wlth the examination giving me cause to believe that in any mat8rial respect: accounting records were not kept in respect of the charty as required by section 386 of the 2006 Act; or the financial statements do not accord with those records- or the financial slatements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared In accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>. I have no Concems and have come across no other matters In connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to "7L J Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF Dated..
EAST SUSSEX HEARING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Currentfinanclal year Unrestrlcted Unrestrlcted Restricted funds funds funds general deslgnated 2024 2024 Total Total 2024 2024 2023 Notss Voluntsry Income Incoming resources from charitable activities Other income Investments 12,170 12,170 7,589 276,787 9,667 7,662 38,593 315,380 9,667 7,662 219,993 1,855 4,910 Total Income 306,286 38,593 344,879 234,347 Raising funds 1,125 1,125 2,625 Charitable Activities 361,851 17,252 379.103 341,476 Total resourceg expended 362,978 17,252 380,228 344,101 Net gainsl(losses) on investments 13 13,051 13,051 (5,824) Net (outgolng)Ilncomlng resources before tran8fer8 (43,639) 21.341 (22,298) 1115,578) Gross transfers between funds 21 (8,659) 8,659 Net movement in funds (52,298) 30,000 {22,298) (115,578) Fund balances at 1 April 2023 69,694 318,235 1,842 389.771 505,349 Fund balances at 31 March 2024 17,396 318,235 31,842 367,473 389,771 The ststement of financial activities includes all gains and losses recognised in the year. The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
EAST SUSSEX HEARING STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor flnanclal year Unrestrlcted Unrestricted Restrlcted funds funds funds general deslgnated 2023 2023 Total 2023 2023 Notes Voluntary Income Incoming resources from charitable activities Other income Investments 7,589 214,404 1.855 4,910 7,589 219,993 1,855 4,910 5,589 Total Income 228,758 5,589 234,347 Raising funds 2,625 2,625 Charltable Activities 305,012 36,464 341,476 Total resources expended 307,637 36,464 344,101 Net gainsl(losses) on investrnents 13 (5,824) (5,824) Net (outgoing)Ilncomlng re80urce8 before transfers (84,703) <30,875) {115,578) Gross transfers bebNeen funds 21 76,683 (80,000) 3,317 Net lexpendlture)Ilncome for the yearl Net movement In funds (8,020) (80,000) (27,558) (115,578) Fund balances at 1 April 2022 77,714 398,235 29,400 505,349 Fund balances at 31 March 2023 69,694 318,235 1,842 389,771 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
EAST SUSSEX HEARING STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Property, plant and equipment 15 42,793 20,009 Current a88ets Inventories Trade and other receivables Investments Cash at bank and in hand 16 17 18 22,000 16,235 157,229 137,769 17,200 14,825 144,175 203,186 333,233 (8,553) 379,386 19,624) Current liabllltles 19 Net current 8ssets 324,680 369,762 Total as$•ts lèss current Ilabllltle8 387,473 389,771 Income funds Restricted funds Unrestricted funds - designated Unrestricted funds - general 21 23 31,842 318,235 17,396 1,842 318,235 69,894 367,473 389,771 The company is entitled to the exemptlon from the audit requirement contained in sectlon 477 of the Companies Act 2006, for the year ended 31 March 2024. The director acknowledges her responsibililies for complying with the requirements of the Companies Act 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 for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on ...... Trustee Company Registration No. 04716514
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Company Informatlon East Sussex Hearing is a private company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN211 BF. 1.1 Accountlng conventlon The financial statements have been prepared in accordan with the charity'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 102) (effective 1 January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP fof charities applying FRS 102 Update Bulletin 1 not to prepare a Ststement of Cash Flows. The financial statements are prepared In sterling, which is the functlonal currency of the charity. Monetary amounts in these financlal statements are rounded to the nearest £. The financial statements have been prepared under the hlstorical cost convention. The prlncipal accounting policies adopted are set out below. 1.2 Golng concern At th8 time of approving the financial statements, the Trustees have a reasonable expectation that the charity 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 Charltsble funds Unrestricted funds are avallable for use at the discretion of the Trustees in furtherance of thelr charitable objectives. The core activities of the charity East Sussex Hearing are overseen by the general fund which also incorporates the Hearing Resource Centra and Induction Loop Installation work. The general fund provides support funding for the various other activities of the Trust to include slgn writlng, lip reading, outreach and prescription work all considered Gore activities of the Trust. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Expenditure which meets these criteria is charged to the fund together with the appropriate management and support costs. 1.4 Income Income is recognised when the charty is legally entitled to it after any performance conditions 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 recognis8d once the charity 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 deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to third paty, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activty are made up of the total of dir&t costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Charitable activities expenditure comprises those costs incurred by the charity in the delivery of Its activities and services for its beneficiarles. 1.6 Property, plant and equlpment Property, plant and equipment are initially measured at cost and subsequently measured at cosl or valuation, net of depreciation and any impairment losses. Depreciation15 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis.. Fixtures, fittings and equipment Motor vehicles 250k on a reducing balance basis 20D/o-250k on a straight line basis The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrylng value of the asset, and is recognised in the ststement of financial activities. Fixed assets costing below £2,000 are not capltallsed. 1.7 Impalrment of non-current assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets 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 (if any). 1.8 Inventorfes Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Iterns held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equlvalents 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 less. and bank overdrafts. Bank overdrafls are shown within borrowings in current liabilities.
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles (Continued 1.10 Flnanclal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charty's balance sheet when the charity 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 is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc financial assets Basic financial assets, which include trade and other receivables and cash and bank balances, are Inltlally measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless 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 assets classified as receivable within one year are nol amortised. Basic flnanclal Ilabllities Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present 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 subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of flnancial liabilitles Financial liabilities are derecognised when the charity's contractual obligations expire or are dlscharged or cancelled. 1.11 Employee beneflts The cost of any unused hollday entitlement is recognised in the period in which the employee's services are reived. 1.12 Retlrement beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.13 Allocatlon and apportionment of costs Salaries are apportioned beeen the charitable activities based upon time allocated to each project. Direct costs of fundraising are allocated accordingly to the project that incurred the expense. 1.14 Current asset Investments Current asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. 10-
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accounting estimates and Judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying 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 cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donatlons and legacles Unrestrlcted funds 2024 Unrestrlcted funds 2023 Donations and gifts Legacies receivable 12,170 3,839 3,750 12,170 7,589 Income from charltable actlvltles Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restricted fund8 fund$ 2023 2023 Total 2024 2023 Fees receivable Grants receivable 84,259 192,528 2,229 36,364 86,488 228,892 63,286 151,118 1,389 4,200 64,675 155,318 276,787 38,593 315,380 214,404 5,589 219,993 Income from other trading actlvltles Unrestrlcted Unrestrfcted funds funds 2024 2023 Fundraising events 9,667 1,855 11
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestrlcted Unrestrfcted funds funds 2024 2023 Income from unlisted investments Interest receivable 4,192 3,470 3,152 1,758 7,662 4,910 Ralslng fund8 Unrestrlcted Unrestricted funds funds general general 2024 2023 Contract services (Fundraisers) 1,125 2.625 1,125 2,625 12-
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EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs osts 2024 Support Governance costs costs 2023 Depreciation Rent and services Insurance Computer and internet Office expenses Subscriptions Telephone 8,733 30,493 1,781 3,818 20,170 218 2,256 8,733 30,493 1,781 3,816 20,170 216 2,256 9,094 30,300 1,164 2,471 26,728 216 1,871 9,094 30,300 1,164 2,471 26,728 216 1,871 Professional fees Accountancy Payroll services Annual return fee Independent examlnatlon 3,909 1,976 1,056 13 1,020 3,909 1.976 1,056 13 1,020 7,163 2,256 1,056 13 960 7,163 2.256 1,056 13 960 67,465 7,974 75,439 71,844 11.448 83,292 Charitable activiti8S 67,465 7,974 75,439 71,844 11,448 83,292 10 Net movement In funds 2024 2023 The net movement in funds is stated after charglngl(crediting>: Depreciation of owned propety, plant and equipment 8,733 9,094 11 Trustees None of the Trustees (or any persons connected with them) received any remuneration or beneffts from the charity during the year. 12 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Manager Administration Charitable activities Total 10 10 15-
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees (Continued) Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 211,203 12,838 6,454 180,946 9,701 5,298 230,295 195,945 There were no employees whose annual remuneration was more than £60,000. Remuneratlon of key management per80nnel 13 Galn$ and 1088os on Investments Unrestrlcted Unrestrlcted funds funds 2024 2023 Gain51(losses) arising on: Revaluation of investments 13,051 (5,824) 14 Taxatlon The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 16 Property, plant and oqulpmont Flxturej, flttlngs and equipment Motor ¥ehlclo8 Total Cost At 1 April 2023 Additions 30,322 1,970 32,382 29,548 82,704 31.518 At 31 March 2024 32,292 61,930 94,222 Depreclatlon and Impalrment At 1 April 2023 Depreciation charged in the year 23,267 2,257 19,429 6,476 42,696 8,733 At 31 March 2024 25,524 25,905 51,429 Carrying amount At 31 March 2024 8,768 36,025 42,793 At 31 March 2023 7,056 12,953 20,009 16-
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Inventorles 2024 2023 Finished goods and goods for resale 22,000 17,200 17 Trade and other rncelvables 2024 2023 Amounts falllng due wlthln ono year: Trade receivables other re1Vable$ Prepayments and accrued Income 1,135 7,250 7,850 7,250 7,575 16,235 14,825 18 Current asset Investments 2024 2023 At 1 April 2023 Investment in year Unrealised loss in year 144,175 150.000 (5,825) 13,054 At 31 March 2024 157,229 144,175 19 Current Ilabllftles 2024 2023 Accruals and deferred income 8,553 9,624 20 Retlrement boneflt schemes 2024 2023 Defined contributlon schemes Charge to profit or loss in respect of defined contribution schemes 6,454 5,298 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 17-
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 Aprll 2023 Incomlng resources Resources expended Transfors At 31 March 2024 Be Smart IT workshops Outreach work Deaf Job Club Fund Lipreading Fund Hearing Hopper Fund Sundry Restricted Funds 1,342 500 1,342 500 {1,559) (9,329) 1,559 7,100 2,229 30,000 6,364 30,000 (8,3641 1,842 38,593 (17,252) 8,659 31,842 Prevlous year: At 1 Aprll 2022 Incomlng resources Resources axpended Tran8fern At 31 Mah 2023 Be Smart IT workshops Outreach work Deaf Job Club Fund Lipreading Fund Sussex Communlty Fund IT fund (324) 1,342 500 500 17,234 (17,234) (8,906) (10,000) 1,389 7,517 10,000 4,200 (4,200) 29,400 5,589 (36,464) 3,317 1,842 Be Smart - IT workshops - thls fund is used to run free workshops on using IT equipment such as laptops, tablets and smartphones. Outreach work - grants received to run outreach events in Eastbourne. l.T. Fund Awards for All and Communlcatlons Fund these funds were for IT and communications projects. The remaining balances were transferred to general funds in 2022. Deaf Job Club Fund this fund is for a return to work job club. The deficit on this fund was covered by a transfer from the General fund. Llpreadlng Fund - this fund is for lipreading classes. The deficit on this fund was covered by a transfer from the General fund. Sussex Communlty Fund this grant is for running training. workshops, support classes and hearing aid maintenance. Hearlng Hopper Fund - A grant from Sussex Masonic Society for the purchase of a vehicle. The depreciation of the vehicle to be charged against the fund from 1 st April 2024 over 4 years. Sundry Restricted Funds - incorporates small restricted grants for a portable audiometer, hearing aids and micro-suction work. These funds were expended in the year. 18
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Unrestrlcted 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. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprfl 2023 Incoming resources Resources expended Transfers Galns and At 31 March losses 2024 General funds 69,894 306,286 (362,976) {8,859) 13,051 17,398 Prevlous year: At 1 April 2022 Incomlng rosources Resources exp8nd8d Transfers Galns and At 31 March losses 2023 General funds 77,714 228,758 (307,637) 76,883 (5,824) 69,694 23 Unrestrfcted funds . deslgnated These are unrestricted funds which are material to the charity's activities. Balance at Transfer8 Balance at Transfers 1 Aprll 2022 1 Aprll 2023 Balance at 31 March 2024 Capital fund (designated) 398,235 (80,000) 318,235 318,235 Notes The capital fund represents gifts and funds set aside for future refurbishment of existing buildings or purchase or lease of a new building. During the year 2022123 the sum of £80,000 was transferred back to the General Fund to replenish reseNes. Analysls of net assets betW8en funds Unr8strlcted Unrestrlcted funds funds general designated 2024 2024 Restrlctsd funds Total 2024 2024 At 31 March 2024: Property, plant and equipment Current as5etsl(liabilities) 12,793 4,603 30.000 1,842 42,793 324,680 318,235 17,396 318,235 31,842 367,473 19-
EAST SUSSEX HEARING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Anatysls of net assets between funds (Contlnued) Unrestrlcted Unrestrlctsd funds funds general deslgnated 2023 2023 Restrlcted funds Total 2023 2023 At 31 March 2023: Property, plant and equipment Current assetsl(liabilitie8> 20,009 49,685 20.009 369,782 318,235 1,842 69,694 318,235 1,842 389,771 26 Op•ratlng lease commllm•nts Lessee The company had annual commltments under nOnncelIable operatlng leases for rent and services. At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: 2024 2023 Within one year 8etrNeen t0 and five years 31,900 55,825 29,000 87,725 87,725 116,725 26 Related party transactlons There were no other disclosable related party transactions during the year (2023.. none). -20-