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2023-03-31-accounts

Trustees Andrew
Baird
Maggie Burgess
Julia Carrette
Sally Case (Appointed 11 May 2023)
Guy Davison
Coiinne Day
Mebrak Ghebreweldi
Christine
Gibbons		 (Appointed 11 May 2023)
David
Hill
Keith Hollis
Brian Mills
Martin Roberts
Mark Spofforth OBE - Chair
Patrick Stevens - Treasurer
Pamela Stiles
Rachel Misra (Appointed 11 May 2023)
Secretary and Chief Executive Kevin Richmond
Founder The 10th Duke of Richmond 8 Gordon
Joint, Presidents Andrew
Blackman		 Lord Lieutenant of East Sussex
Lady Emma Barnard Lord Lieutenant ofWest Sussex
Patron The 11th Duke of Richmond 8 Gordon
Company number 5670692
Registered office 15Western
Road
Lewes
East Sussex
BN? 1RL
www. sussexgiving. org.uk
info@sussexgiving. org.uk
Auditor Knill James LLP
One Bell Lane
Lewes
East Sussex
BN7 1JU
Bankers CAF Bank
25 Kings
Hill Avenue
Kings
Hill
West Mailing
Kent
ME194JQ

Page
Trustees' report 1-11
Statement ofTrustees' responsibilities 12
Independent
auditor's		 report 13-15
Statement offinancial activities 16-17
Summary income and expenditure account 18
Balance sheet 19
Statement ofcash flows 20
Notes to the financial statements 21 -34

Indicator 2022/23 2021/22
Amount
Donated to flow-through		 E1,949,222 f2,524,758
Number of active Flow-through funds 41 39
Contribution to grant funds from f498,860* F253,223
Community First Endowment
Contribution to grant funds from F967,413 F1,171,908
other endowment

Lost I2
Cfiths		 3'I/cols
I		 5 Years,'merge)
Sorosil1
C
LA Cho~t:es ethico:,
fund

Current financial year Current financial year
Unrestricted Restricted Endowment Total Total
funds funds funds
Notes 2023
f		 2023
f		 2023 2023f 2022f
Income from:
Donations
and legacies		 693,453 1,949,922 563,601 3,206,976 4,102,285
Other trading
activities		 2,822 2,822 13,875
Investments 14,985 322,529 337,514 260,459
Total income and endowments 708,438 2,272,451 566,423 3,547,312 4,376,619
Ex enditure
on:
Raising funds 140,618 140,618 93,247
Charitable
activities		 617,731 3,635,019 263,978 4,516,728 5,376,182
Total expenditure 758,349 3,635,019 263,978 4,657,346 5,469,429
Net gains/(losses) on investments 11 (942,547) (942,547) 1,826,903
Net (outgoing)/incoming resources before
transfers (49,911) (1,362,568) {640,102) (2,052,581) 734,093
Gross transfers
between		 funds 1,290,726 {1,290,726)
Net movement
in		 funds (49,911) (71,842) (1,930,828) (2,052,581) 734,093
Fund balances
at 1 April		 2022 552,401 1,683,540 25,965,288 28,201,229 27,467,136
Fund balances at 31 March 2023 502,490 1,611,698 24,034,460 26,148,648 28,201,229

Prior financial year Prior financial year
Unrestricted Restricted Endowment Total
funds funds funds
2022 2022 2022 2022
Notes
Income from:
Donations
and legacies		 651,861 2,524,758 925,666 4,102,285
Other trading
activities		 11,235 2,640 - 13,875
Investments 437 260,022 260,459
Total income and endowments 663,533 2,787,420 925,666 4,376,619
E
nditure on:
Raising funds 93,24? 93,247
Charitable
activities		 524,757 4,595,272 256,153 5,376,182
Total expenditure 618,004 4,595,272 256,153 5,469,429
Net gains/(losses) on investments 1,826,903 1,826,903
Net (outgoing)/Incoming resources before transfers 45,529 (1,807,852) 2,496,416 734,093
Gross transfers
between		 funds 1,213,564 (1,213,564)
Net movement
in		 funds 45,529 (594,288) 1,282,852 734,093
Fund balances at 1 April 2021 506,872 2,277,828 24,682,436 27,467,136
Fund balances at 31 March 2022 552,401 1,683,540 25,965,288 28,201,229

2023 2022
f.
Gross income 2,980,889 3,450,953
Transfer from endowment
funds		 1,290,726 1,213,564
Total income
in the reporting
period		 4,271,615 4,664,517
Total expenditure
from income funds		 4,393,368 5,213,276
Net expenditure
for the year		 (121,753) (548,759)
Reconciliation
to Statement of Financial Activities
Gross income (above) 2,980,889 3,450,953
Endowment
fund income		 563,601 925,666
Total income and endowments 3,544,490 4,376,619
Total expenditure
from income funds (above)		 4,393,368 5,213,276
Endowment
fund expenditure		 263,978 256,153
Total expenditure 4,657,346 5,469,429
Net gains/(losses)
on investments		 (942,547) 1,826,903
Net movement
in funds		 (2,055,403) 734,093

2023 2022
Fixed assets
Tangible assets 13 542
Investments 14 23,781,307 25,489,868
23,781,307 25;490,410
Current assets
Debtors 16 194,629 55,756
Investments 17 291,000 291,000
Cash at bank and in hand 2,038,168 2,414,395
2,523,797 2,761,151
Creditors: amounts falling due within
one year, 18 (156,456) ~(50,332)
Net current assets 2,367,341 2,710,819
Total assets less current liabilities 26,148,648 28,201,229
Capital funds
Endowmentfunds 20 .24,034,460 25,965,288
Income funds
Restricted funds 21 1,611,698 1,683,540
Unrestricted
funds		 502,490 552,401
26,148,648 28,201,229

2023 2022
Notes E
Cash flows from operating activities
Cash absorbed
by operations		 25 (1,479,755) (1,295,453)
Investing activities
Purchase ofinvestments (686,686) (14,014,563)
Proceeds from disposal of investments 1,452,700 14,594,410
Investment income received 337,514 260,459
Net cash generated
from investing
activities 1,103,528 840,306
Net cash used in financing activities
Net decrease
in cash and		 cash equivalents (376,227) (455,147)
Cash and cash equivalents at beginning ofyear 2,414,395 2,869,542
Cash and cash equivalents at end of year 2,038,168 2,414,395

Endowment Total Unrestricted Restricted Total
funds funds funds
2023 2022 2022 2022
R f.
Management charge income 11,235 11,235
Letting arrangements 2,822 2,822 2,640 2,640
Other trading activities 2,822 2,822 11,235 2,640 13,875
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2D22
f.
Income from unlisted
investments 322,529 322,529 260,022 260,022
Interest receivable 14,985 14,985 437 437
14,985 322,529 337,514 437 260,022 260,459
Unrestricted Unrestricted
funds funds
2023 2022
Fundrai
in		 and ubiici
Fundraising events 1,177 1,223
Other fundraising costs 34? 382
Staff costs 139,094 91,642
140,618 93,247

2023 2022
F
Staff costs 354,097 313,876
Depreciation and impairment 542 180
Management charge 624,406 597,067
Other costs 60,494 53,313
1,039,539 964,436
Grant funding ofactivities (see note 7) 3,274,590 4,254,358
Share ofsupport costs (see note 8) 140,779 104,913
Share ofgovernance costs (see note 8) 61,820 52,475
4,516,728 5,376,182
Analysis
by		 fund
Unrestricted funds 617,731 524,757
Restricted
funds		 3,635,019 4,595,272
Endowment funds 263,978 256,153
4,516,728 5,376,182

etalls Amount f
Hampshire
& Isle		 ofWight Community Foundation 70,655
iboume, Sayers Common 11,000
reative Heart Littlehampton 13,333
Eastboume
Food		 Bank 0,000
Kent Community Foundation 55,400
urrey Community Foundation 33,650
owner Art Gallery 0,000

Support cos ts
Support Governance 2023 Support Governance 2022
costs costs costs costs
E f. F
Staff costs 28,712 37,301 66,013 18,484 28,807 47,291
Rent 22,836 22,836 27,885 27,885
Insurance 270 270 2,296 2,296
Property service charge 5,915 5,915 6,639 6,639
Bank charges 297 297 112 112
Staff training and
recruitment 41,133 41,133 10,446 10,446
Staff travel and
subsistence 4,822 4,822 6,527 6,527
Computer
software,
systems
and		 applications 29,382 29,382 23,677 23,677
Printing,
postage and
stationery 2,816 2,816 4,924 4,924
Telephone 4,124 4,124 2,453 2,453
Repairs and maintenance 472 472 1,470 1,470
Grant making costs 370 370 994 994
Audit fees 7,260 7,260 6,060 6,060
Legal and professional 6,852 6,852 10,417 10,417
Bookkeeping and
accountancy 5,806 5,806 4,510 4,510
Trustees meetings and
expenses 2,058 2,058 261 261
Annual
report		 and AGM 2,173 2,173 1,426 1,426
140,779 61,820 202,599 104,913 52,475 157,388
Analysed
to
Charitable
activities		 140,779 61,820 202,599 104,913 52,475 157,388

The averag e
monthly
number ofemployees
during th		 e year was:
2023 2022
Number Number
Charitable employees 14 13
Employment
costs		 2023 2022
R
Wages and salaries 489,397 397,522
Social security costs 46,733 35,186
Other pension costs 23,074 20,101
559,204 452,809

2023 2022
Number Number

Endowment Endowment
funds funds
2023 2022
(942,547) 1,826,903

13 Tangible fix ed assets
Fixtures, fittings 8
equipment
Cost
At 1 April 2022 13,758
At 31 March 2023 13,758
Depreciation and impairment
At 1 April 2022 13,216
Depreciation charged in the year 542
At 31 March 2023 13,758
Carrying
amount
At 31 March 2023
At 31 March 2022 542
14 Fixed asset investments
Securities
Cost or valuation
At 1 April 2022 25,489,868
Additions 686,686
Valuation
changes		 (942,547)
Disposals (1,452,700)
At 31 March 2023 23,781,307
Carrying
amount
At 31 March 2023 23,781,307
At 31 March 2022 25,489,868
15 Financial instruments
2023 2022
f.
Carrying
amount of		 financial assets
Instruments measured at fair value through profit or loss 24,072,307 25,780,868

16 Debtors
2023 2022
Amounts
falling due		 within one year: R
Trade debtors 106,195 12,357
Other debtors 81,252 43,399
Prepayments and accrued income 7,182
194,629 55,756
17 Current asset Investments
2023 2022
f.
Short term investments 291,000 291,000
Current asset investments represent freehold properties held for sale.
18 Creditors: amounts falling due within one year
2023 2022
Other taxation and social security 12,027 7,029
Trade creditors 13,227 725
Other creditors 2,208 2,393
Accruals and deferred income 128,994 40,185
156,456 50,332

2023 2022
Z
Within one year
Between two and five years		 26,333
13,480		 26,333
38,064
39,813 64,397

2023 2022
E
Aggregate
compensation		 86,841 81,509
25 Cash generated
from operations		 2023 2022
(Deficit)/surpus
for the year		 (2,052,581) 734,093
Adjustments
for:
Investment
income recognised
in statement
offinancial
Fair value gains and losses on investments
Depreciation
and impairment
oftangible
fixed assets		 activities (337,514)
942,547
542		 (260,459)
(1,826,903)
180
Movements
in working
capital:
(Increase)/decrease
in debtors
Increase
in creditors		 (138,873)
106,124		 38,196
19,440
Cash absorbed
by operations		 (1,479,755) (1,295,453)
26 Analysis of changes
in net funds
The charity had no debt during the year.