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|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|||||||
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|||||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|
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|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||||||
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|Lost I2
Cfiths|3'I/cols
I|5 Years,'merge)|
|---|---|---|
|Sorosil1|
|---|
|C
LA Cho~t:es ethico:,|
|fund|
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|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|
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|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|
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||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|
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||||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|
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|||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|
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||||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|
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|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|
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|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|
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|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|
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|2023|2022|
|---|---|
|Number|Number|
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|Endowment|Endowment|
|---|---|
|funds|funds|
|2023|2022|
|(942,547)|1,826,903|
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|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|
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|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|
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||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.||||||