2023-08-31-accounts

COMPANY REGISTRATION NUMBER: 05074505 CHARITY REGISTRATION NUMBER: 01105515

southend United Community & Educational Trust Company Limited by Guarantee Unaudited Financial Statements 31 August 2023

BUCKLEY WATSON LIMITED Chartered Accountants 57a Broadway Leigh-on-Sea Essex SS9 1PE

Southend United Community & Educational Trust

Company Limited by Guarantee

Financial Statements

Year ended 31 August 2023

	Page
Trustees’ annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	6
Statement of financial activities (including income and
expenditure account)	8
Statement of financial position	9
Statement of cash flows	10
Notestothefinancialstatements	11

Southend United Community & Educational Trust

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report)

Year ended 31 August 2023

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2023.

Reference and administrative details

Registered charity name	Southend United Community & Educational Trust	Southend United Community & Educational Trust
Charity registration number	01105515
Company registration number	05074505
Principal office and registered	Roots Hall Football Ground
office	VictoriaAvenue
	Southend On Sea
	Essex
	SS2 6NQ
The trustees
	K Clarke
	J Garcia-Lobera	(Resigned 7 February 2023)
	W Hill
		Hughes
	J Jones
	G Lockett
	D Markscheffel
	B Solanki
	T Syed
Independent examiner	Spencer Watson FCA
Objectivesandactivities

a. Polictes and objectives

Southend United Community & Educational Trust (SUCET) is the official charity partner of Southend United Football Club and aims to get more Southend people and communities active by providing good quality and inclusive football and sports provision that improves health and well-being, education and training, reduces crime and anti-social behaviour, promotes community cohesion and shared common values

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

1

Southend United Community & Educational Trust

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2023

Objectives and activities (continued)

b. Activities undertaken to achieve objectives

The Charity's objectives (and objects) are for the benefit of the public generally and in particular, the inhabitants of South Essex and its surrounding areas:

• To promote community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health - To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity of disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their condition of life; and - To advance the education of children and young people through such means as the Trustees think fit in accordance with the law of charity.

Southend United Community & Educational Trust's vision is to utilise the power of sport and the vehicle of Southend United to have a positive influence on people's lives. Its mission is to have engaged with one million people through the brand of Southend United by 2026.

Achievements and performance

a. Key performance indicators

During the year the Trust received income of £991,508 (2022: £998,176) from donations, gifts, sponsorship and fundraising activities. The costs of charitable activities during the year were £1,006,729 (2022: £1,014,352). Fund balances at 31 August 2023 were £93,346 (2022: £108,567).

b. Review of activities

Our team have delivered a wide range of programmes across Southend on Sea and South East Essex, improving the health and wellbeing of our service users, creating educational and training Opportunities, promoting community cohesion and shared values. SUCET promotes diversity, tolerance and equality throughout all its programmes to create social capacity within communities.

Financial review

a. Going concern

To enable the continued growth of its education provision, the Trust has purchased several classrooms across this and the preceding financial year and signed SLA to lease land at Garon Park, with all current education provisions being delivered from this site. The Trust aims to increase the number of current learners in the company years and this investment will allow such growth without significant additional investment. In addition, Southend United Football Club were relegated in the preceding year from the English Football League (EFL) league two to the National League, which will have a future impact on some sources of funding.

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in the preparation of the financial statements.

2

Southend United Community & Educational Trust

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 August 2023

Financial review (continued)

b. Reserve policy

The Trustees’ reserves policy is to hold 3 months expenditure in the unrestricted reserves. The reserves are needed in the event of lost funding, unexpected costs, or reduced income levels.

c. Principal risks and uncertainties

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

a. Constitution

Southend United Community & Educational Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

b. Methods of appointment or election of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute an amount not exceeding £10 in the event of a winding up.

c. Organisational structure and decision-making policles

The Trust was established as a registered charity in 2004 with a view to utilising the power of sport and its connection with Southend United Football Club Limited to have a positive influence on people's lives. However, the Trust is about so much more than just football.

The organisational structure of the Trust has remained consistent with previous years:8 Trustees (including 1 as Chairperson)

• 1 Chief Executive Officer - Managers - Community Coaches Officers - Educators

• Apprentices

d. Pay policy for key management personnel

The remuneration of key management personnel is determined on an interim basis by the Trustees. The levels of remuneration are based upon performance and the prevailing industry rates of pay.

3

Southend United Community & Educational Trust

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 August 2023

Structure, governance and management (continued)

e. Related party relationships

The Trust is greatly assisted by Southend United Football Club (‘The Club’) in being able to carry out its charitable activities, via the sharing of it's significant resources. The Club and Trust share many operations resources, have directors in common and are subject to common influence and are hence related parties.

f. Employee matters

The Trusts’ policy is to consult and discuss with employees at meetings, matters likely to affect employees’ interests.

Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the Trust's performance.

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the Charity continues and that the appropriate training is arranged. It is the policy of the Charity that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Plans for future periods

In relation to the immediate future, the football club's relegation has had an impact on prospects for the year ended August 2023, but recent forecasts undertaken by management show that the Trust should remain profitable in that year. The Trust has spent resource during this year to facilitate the growth of its education programme, enabling more learners to access education each year, growing by 30 young people each year for the next five years.

On behalf of our staff and service users | would like to express our sincere thanks to all our supporters, donors, partners, and volunteers.

For further information on the Trust, its operations and how you can help please write to Dale Spiby, Chief Executive, Southend United Community & Educational Trust, Roots Hall Stadium, Victoria Avenue, Southend on Sea, SS2 6NQ or call 01702 341351.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

4

Southend United Community & Educational Trust

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea) Year ended 31 August 2023

The trustees’ arfnyal report was approved on FA. 12024...... and signed on behalf of the board of trustees by:,

G Lockett Trustee

5

Southend United Community & Educational Trust

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Southend United Community & Educational Trust

Year ended 31 August 2023

| report to the trustees on my examination of the financial statements of Southend United Community & Educational Trust (‘the charity’) for the year ended 31 August 2023.

Responsibilities and basis of report

As the trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act}.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the 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. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements 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

4. 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).

6

Southend United Community & Educational Trust

Company Limited by Guarantee independent Examiner's Report to the Trustees of Southend United Community & Educational Trust (continuea)

Year ended 31 August 2023

| have?7no concerns and have come across no other matters in connection with the examination to whi¢y attention should be drawn in this report in order to enable a proper understanding of the a nts to be reached. ncer Watson FCA ependent Examiner als lzoza, Buckley Watson Limited 57a Broadway Leigh-on-Sea Essex SS9 1PE

7

Southend United Community & Educational Trust

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 August 2023

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted| |funds|funds|Totalfunds|Total|funds| |Note|£|£|£|£| |Income|and|endowments| |Donations|and|legacies|5|684,576|306,933|991,508|998,176| |Total|income|684,576|306,933|991,508|998,176| |Expenditure| |Expenditure|on|charitable|activities|6,7|702,793|303,937|1,006,729|1,014,352| |Total|expenditure|702,793|303,937|1,006,729|1,014,352| |Net|expenditure|and|net|movement|in| |funds|(18,217)|2,996|(15,221)|(16,176)| |Reconciliation|of|funds| |Total|funds|brought|forward|89,070|19,497|108,567|124,743| |Total funds|carried|forward|70,853|22,493|93,346|108,567|

----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. Allincome and expenditure derive from continuing activities.

The notes on pages 11 to 19 form part of these financlal statements.

8

Southend United Community & Educational Trust

Company Limited by Guarantee

Statement of Financial Position

31 August 2023

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2023|2022| |Note|£|f| |Fixed|assets| |Tangible|fixed|assets|13|113,901|44,954| |Current|assets| |Debtors|14|79,185|76,871| |Cash|at|bank|and|in|hand|38,833|132,137| |118,018|209,008| |Creditors:|amounts|falling|due|within|one|year|15|138,573|145,395| |Net|current|liabilities|(20,555)|63,613| |Total|assets|less|current|liabilities|93,346|108,567| |Net|assets|93,346|108,567| |Funds|of|the|charity| |Restricted|funds|22,493|19,497| |Unrestricted|funds|70,853|89,070| |Total|charity funds|16|93,346|108,567|

----- End of picture text -----

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

These financial statements have been prepared

in accordance with the provisions applicable to

companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on ..4.15.]2024,,, and are signed on behalf of the board by:

----- Start of picture text -----
Trustee
----- End of picture text -----

The notes on pages 11 to 19 form part of these financial statements.

9

Southend United Community & Educational Trust

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 August 2023

		2023	2022
	Note	£	£
Cash generated from operations	18	(2,104)	28,808
Net cash (used in)/frorn operating activities		(2,104)	28,808
Cash flows from investing activities
‘Purchase of tangible assets		{91,201}	(48,227)
Net cash used in investing activities		(91,201)	(48,227)
Net decrease in cash and cash equivalents		(93,305)	{19,419}
Cash and cash equivalents at beginning of year		132,137	151,556
Cashandcashequivalentsatendofyear		38,832	132,137

The notes on pages 11 to 19 form part of these financial statements.

10

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 August 2023

1. General information

The charity was established on 16 March 2004 and registered at Companies House as a company limited by guarantee on that date under company number 05074505. The charity was registered with the Charity Commission on 17 August 2018 under registration number 1105515.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure.

Going concern

As detailed in the Trustees’ Report, to enable the continued growth of its education provision, the Trust has purchased several classrooms across this and the preceding financial year and signed SLA to lease land at Garon Park, with all current education provisions being delivered from this site. The Trust aims to increase the number of current learners in the company years and this investment will allow such growth without significant additional investment. In addition, Southend United Football Club were relegated in the preceding year from the English Football League (EFL) league two to the National League, which will have a future impact on some sources of funding.

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in the preparation of the financial statements.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

11

Southend United Community & Educational Trust

Company Limited by Guarantee Notes to the Financial Statements (continuea)

Year ended 31 August 2023

1. Accounting policies (continued)

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 activity are made up of the total of direct 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 between 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 allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

12

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 August 2023

1. Accounting policies (continued)

Tangible assets

Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation ts charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line methad.

Depreciation is provided on the following bases:

Motorvehicles	-33% straight line
Fixturesandfittings	-15%,20%&33%straightline

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. Limited by guarantee

The Members of the company have given an undertaking to contribute towards the assets of the company in the event of winding up. Each Member's liability is limited to £10.

5. Donations and legacies

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Grants
Participation Education Cohesion Health	335,133 285,902 49,896 13,645	46,877 99,029 161,027 -	382,010 384,930 210,923 13,645
	684,576	306,933	991,508

13

,

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

5. Donations and legacies (continued)

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Grants
Participation Education Cohesion Health	209,240 254,447 51,956 28,945	94,475 186,131 172,982 -	303,715 440,578 224,938 28,945
	544,588	453,588	998,176

6. Expenditure on charitable activities by fund type

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
	£	£	£
Participation Education Cohesion Health	177,922 223,460 50,847 79	29,724 59,799 102,107 -	207,647 283,259 152,955 79
Support costs	250,485	112,307	362,789
	702,793	303,937	1,006,729
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2022
	£	£	£
Participation Education Cohesion Health Supportcosts	86,121 262,905 14,476 9,584 194,573	60,721 106,374 117,538 - 162,060	146,842 369,279 132,014 9,584 356,633
	567,659	446,693	1,014,352

7. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly	Support costs	2023	2022
	£	£	£	£
Participation Education Cohesion Health	207 ,647 283,259 152,955 79	139,776 140,845 77,176 4,992	347,423 424,104 230,131 5,071	255,355 526,691 212,381 19,925
	643,940	362,789	1,006,729	1,014,352

14

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 August 2023

8.	Analysis of support costs	Analysis of support costs
		Participation	Education	Cohesion	Health	Total 2023	Total 2022
		£	£	£	£	£	£
	General office Governance costs	132,841 6,936	133,857 6,988	73,347 3,829	4,745 247	344,790 18,000	338,633 18,000
		139,777	140,845	77,176	4,992	362,790	356,633
9.	Net expenditure
	Net expenditure is	stated after charging/(crediting):
						2023	2022
						£	g
	Depreciation of tangible fixed assets					22,253	28,381
10.	Independent examination fees
						2023	2022
						£	£
	Fees payable to the independent		examiner for:
	Independent examination of the financial statements					3,600	3,600
	Other financial services					14,400	14,400
						18,000	18,000

1. Staff costs

The total staff costs and employee benefits for the reporting	period are analysed as	follows:
	2023	2022
	£	£
Wages and salaries	481,829	527,160
Theaverageheadcountofemployeesduringtheyearwas30(2022:34).Theaveragenumber
of full-time equivalent employees during the year is analysed as follows:
	2023	2022
General & administrative staft	No. 30	No. 34
The number of employees whose remuneration for the year	felt within the following	bands, were:
	2023	2022
	No.	No.
£60,000 to £69,999	1	1
KeyManagementPersonnel

15

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements (continuea)

Year ended 31 August 2023

11. Staff costs (continued)

Key management personnel include alt persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £66,000 (2022:£64,000).

12. Trustee remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2022 - NIL).

During the year ended 31 August 2023, no Trustee expenses have been incurred (2022 - £NIL)

13. Tangible fixed assets

		Short
		leasehold	Fixtures and	Motor
		property £	fittings £	vehicles £	Total £
	Cost
	At 1 September2022	11,220	125,119	62,665	199,004
	Additions	90,190	1,011	-	91,201
	At 31 August 2023	101,410	126,130	62,665	290,205
	Depreciation
	At 1 Sepiember 2022	351	112,982	40,718	154,051
	Charge for the year	3,734	10,019	8,500	22,253
	At 31 August2023	4,085	123,001	49,218	176,304
	Carrying amount
	At 31 August2023	97,325	3,129	13,447	113,901
	At 31 August 2022	10,869	12,137	21,947	44,953
14.	Debtors
				2023	2022
				£	£
	Trade debtors			38,666	14,576
	Prepayments and accrued income			40,454	49,795
	Other debtors			65	12,500
				79,185	76,871

16

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 August 2023

15. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors Accruals and deferred income	49,509 29,859	13,510 113,749
Social securityand other taxes	59,205	9,938
Othercreditors	-	8,198
	138,573	145,395

16. Analysis of charitable funds

Unrestricted funds
	At				At
	1 September			31 August	20
	2022	Income	Expenditure		23
	£	£	£	£
After Schools Coaching Holiday Clubs Coach Education Futsal Senior Shrimpers Football League Trust	- - - - - -	39,347 82,940 17,280 265,522 3,649 -	(39,347) (82,940) (17,280) (265,522) (3,649) -		- - - - - -
Other Unrestricted Funds	89,070	275,838	(294,055)	70,853
	89,070	684,576	(702,793)	70,853
	At				At
	1 September			31 August	20
	2021	Income	Expenditure		22
	£	£	£	£
After Schools Coaching	2,259	43,791	(46,050)		-
Holiday Clubs Coach Education Futsal Senior Shrimpers Football League Trust Other Unrestricted Funds	3,807 174 - 846 20,197 84,858	37,170 12,577 166,291 3,439 - 281,320	(40,977) (12,751) (166,291) (4,285) (20,197) (277,108)	- - - - - 89,070
	112,141	544,588	(567,659)	89,070

17

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 August 2023

16. Analysis of charltable funds (continued)

Restricted funds
		At				At
	1	September			31 August	20
		2022	Income	Expenditure		23
		£	£	£	£
Move& Learn Primary Stars NCS		- - 19,497	21,877 25,000 99,029	{21,877} (25,000) (96,033)	- - 22,493
Princes Trust		-	-	-		-
Premier League Kicks Lives Before Knives		- -	100,000 -	(100,000) -		- -
Break the Cycle		-	-	-		-
Other Restricted Funds		-	21,027	(21,027)		-
Covid Grants		-	-	-		-
EASST		-	40,000	(40,000)		-
		19,497	306,933	(303,937)	22,493
		At				At
	1	September			31 August	20
		2021	Income	Expenditure		22
		£	£	£	£
Move& Learn		-	23,275	(23,275)		-
Primary Stars NCS Princes Trust Premier League Kicks		- 5,715 528 ~	70,237 180,888 - 105,128	(70,237) (167,106) (528) (105,128)	- 19,497 - -
Lives Before Knives		743	-	(743)		-
Break the Cycle Other Restricted Funds		263 -	17,000 9,891	(17,263) (9,891)		- -
Covid Grants EASST		- 5,353	7,169 40,000	(7,169) (45,353)		a ~
		12,602	453,588	(446,693)	19,497

18

,

Southend United Community & Educational Trust

Company Limited by Guarantee

Notes to the Financial Statements (continuea)

Year ended 31 August 2023

17. Analysis of net assets between funds

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		£	£	£
	Tangible fixed assets	113,901	-	113,901
	Current assets	95,525	22,495	118,020
	Creditors less than 1 year	(138,573)	-	(138,573)
	Net assets	70,853	22,495	93,348
		Unrestricted Funds	Restricted Funds	Total Funds 2022
		£	£	£
	Tangible fixed assets	44,955	-	44,955
	Current assets	189,511	19,497	209,008
	Creditors less than 1 year	(145,396)	-	(145,396)
	Net assets	89,070	19,497	108,567
18.	Cash generated from operations
			2023	2022
			£	£
	Net expenditure		(15,221)	(16,176)
	Adjustments for:
	Depreciation of tangible fixed assets		22,253	28,381
	Accrued (income)/expenses		(107,135)	51,176
	Changes in:
	Trade and other debtors		20,931	(4,154)
	Trade and other creditors		77,068	(30,419)
			(2,104)	28,808
19.	Analysis of changes in net debt
				At
		At1 Sep 2022	Cash flows	31 Aug 2023
		£	£	£
	Cashatbankandinhand	132,137	(93,304)	38,833

19