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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|19|
|Report ofthe Independent<br>Auditors|20|to|22|
|Statement ofFinancial Activities||23||
|Balance Sheet|24|to|25|
|Cash Flow Statement||26||
|Notes to the Cash Flow Statement||27||
|Notes to the Financial Statements|28|to|43|





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|Site|||Project|Purpose||||2021 Update|
|---|---|---|---|---|---|---|---|---|
|Peacehaven||Leisure|Create new gym, dance|Revenue|Generation|||In Progress|
|Centre|||studio and health<br>hub|Customer|Satisfaction||||
|Seahaven|Leisure||Health<br>Hub development|Revenue|Generation|||In Progress|
|Centre|||incorporating<br>a complete|Customer|Satisfaction||||
||||refurbishment<br>ofthe||||||
||||current centre, extension||||||
||||and introduction<br>ofnew||||||
||||facilities and activities||||||
||||aligned to the new||||||
||||strategy,<br>empowering||||||
||||independent<br>health and||||||
||||wellbeing<br>for those with||||||
||||health conditions.||||||
|Newhaven||Fort|Improve visitor experience|Increase|Visitor Numbers|||Towns Fund Project in|
||||through<br>aseries ofprojects|Revenue|Generation||Improve|Progress|
||||linked to:|Visitor Experience|||||
||||~<br>Health, Safety||||||
||||and Environment||||||
||||~<br>Visitor Attractions||||||
||||~<br>Restoration||||||
|Downs Leisure Centre|||Health<br>Hub|To support||the new Strategy,||In Progress|
|||||empowering||independent|||
|||||health<br>and||wellbeing|for those||
|||||with health||conditions.|||





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|Figure 2|||||||
|---|---|---|---|---|---|---|
|Serving Board|||||||
|Members||Occupation||Core Skills||Gender|
|Eric Khilstrom|(Chair)|Chairman/Trustee||Strategy,<br>Financial<br>Management,||Male|
|||||National<br>Governing<br>Bodies, Healthcare|||
|||||Services, Social/Care<br>Services|||
|Mark Beaumont||Founder/MD/|Entrepreneur|Business start-up and new product||Male|
|||||development|||
|Phil Clarke||Retired Director Tesco||Private sector - retail and service||Male|
|||Stores Ltd||management|||
|Mike Price||Retired Head Teacher||Public and Charity sector- Special||Male|
|||Bamados||Needs Education|||
|Alan Wisniewski||Retired Sales &General||Strategy,<br>Financial<br>Management,||Male|
|||Manager||Auditing,<br>Information<br>Technology,|||
|||||Social Care Services|||
|Kevin Ellis||Retired Actuary 8 Private||Strategy,<br>Financial<br>Management,||Male|
|||Maths Tutor||Accountancy,<br>Treasury Management,|||
|||||Governance,<br>Training<br>8 Development|||
|Marcel Miller||Treasurer||Financial Management,<br>Accountancy,||Male|
|||||Banking, Treasury<br>Management,|||
|||||Insurance,<br>Pensions,|||
|Cllr Laurence|O'Connor|Dept for Work & Pensions||Working<br>with Local Authorities||Male|
|Cllr Johnny Denis||Cabinet Member for||Fundraising,<br>Strategy, Community||Male|
|||Customers|&Communities|Relations<br>and Governance|||
|Cat Harwood-Smith||Charity Senior Leader||Strategy,<br>Community<br>Relations,|Local|Female|
|||||Government,<br>Working<br>with Local|||
|||||Authorities,<br>Healthcare<br>Services|||
|Cllr Joanne Saunders||Sound Designer||Media||Female|





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|Schedule oft<br>Figure 2|he work t|hat the Boar|d operates|is provided<br>in figure 2:||||
|---|---|---|---|---|---|---|---|
|||Minimum||||||
|Wave Leisure Trust||Frequency||Method ofScrutiny|Elected Chair||No. of|
||||||||Trustees|
|||7perannum||Matters Reserved for the|Eric Kihlstrom|||
|||including|the AGM|Board agreed and in||||
|||(although||place||||
|Full Board of||additional||||||
|Trustees||meetings||||||
|||may be called as||||||
|||required)||||||
|Governance|Sub|6 per annum||Terms ofReference|Mike|Price||
|Group||||agreed and in place||||
|Health and Safety||4 per annum||Terms ofReference|David|Hearn||
|Sub Group||||agreed and in place||||
|Finance and|Audit|6 per annum||Terms ofReference|Marcell|Miller||
|Sub Group||||agreed and in place||||
|Wave Active|Health|6 per annum||Terms ofReference|TBC|||
|||||agreed and in place||||





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|Figure 3:C|omposition|and Attendance|s<br>at Board M|ee|tings:|tings:|||||
|---|---|---|---|---|---|---|---|---|---|---|
|Name||Full Board|Governance||Finance &||Health|&|Strategy|Wave|
|||(incl AGM)|Sub Group||Audit Sub||Safety Sub||Development|Active|
||||||Group||Group||Sub Group|Health|
|||||||||||Board|
|Eric Kihlstrom||6/7|1/6||3/6||||0/4|2/2|
|(Chair)|||||||||||
|Registe&:|||||||||||
|04/04/2022|||||||||||
|Mark||6/7|n/a||5/6||n/a||0/4||
|Beaumont|||||||||||
|Re istered:|16/07/15||||||||||
|Mike Price||3/7|Chair 6/6||n/a||n/a||0/4||
|Re istered:|16/07/1 5||||||||||
|Phil Clarke||6n|6/6||n/a||n/a||0/4||
|Re istered:|25/02/16||||||||||
|Kevin Ellis|||n/a||6/6||n/a||0/4||
|Registered:|||||||||||
|31/07/2018|||||||||||
|Marcel||7/7|n/a||Chair|6/6|n/a||0/4||
|Miller|||||||||||
|Registered:|||||||||||
|22/02/2018|||||||||||
|Alan Wisniewski|||6/6||n/a||n/a||0/4||
|Registered;|||||||||||
|26/05/2017|||||||||||
|Cllr Laurence|||n/a||n/a||4/4||0/4||
|O'Connor|||||||||||
|Cllr Johnn|Denis||n/a||n/a||n/a||0/4||
|Co-opted David||7/7|n/a||n/a||Chair 3/4||0/4||
|Hearn|||||||||||
|CllrJoanne||||Appointed||after the|year end|date|||
|Saunders|||||||||||
|Cat Harwood-Smith||||A|ointed|after the|ear end|date|||



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|STRUCTURE, GOVERNANCE|STRUCTURE, GOVERNANCE|STRUCTURE, GOVERNANCE|STRUCTURE, GOVERNANCE|AND MANAGEMENT|||||
|---|---|---|---|---|---|---|---|---|
|Risk management|||||||||
|Figure 5:|Identified||Risks and|Management<br>Procedures|||||
|Identified|Risk|||Description|||How we manage the risk||
|Contractual||Risk||Failure to perform<br>in terms ofthe|||Through<br>regular partnership||
|||||contract to provide leisure and|||meetings<br>and reporting<br>with|Local|
|||||recreational<br>services to|||Authority<br>partners<br>highlighting||
|||||communities,|||Charity Performance<br>and Impact.||
|Operational||Risk||Incurring<br>losses as a result of|||Internal<br>audit and external<br>audit||
|||||inadequate<br>or failed internal|and||programme<br>in place. Documented||
|||||external processes, systems|and||processes<br>in place for all financial||
|||||human<br>error or from external|||controls and processes.||
|||||events.|||||
|||||Failure to comply with relevant|||Robust systems<br>of internal|and|
|||||regulations<br>and procedures,|for||external<br>audits<br>and<br>training|by|
|||||example<br>health and safety.|||specialist<br>training<br>providers|and|
||||||||third-party<br>advisors<br>with||
||||||||specialist<br>knowledge<br>of the||
||||||||sports and leisure sector.||
|People risk||||Failure to ensure we maintain|a||Comprehensive<br>programme|of|
|||||well-trained,<br>competent<br>and|||training<br>provided<br>across|the|
|||||motivated<br>workforce.|||business<br>including<br>annual||
||||||||assessment<br>needs, competency||
||||||||checks<br>and<br>systems|for|
||||||||behaviour<br>and<br>performance||
||||||||monitoring.||
|Financial|risk|||Failure to ensure we maintain|||Reserves policy regularly<br>reviewed||
|||||adequate<br>reserves to ensure|the||as part ofthe annual<br>Board||
|||||on-going financial<br>requirements||of|assessment<br>in line with the future||
|||||the Charity are met.|||needs ofthe business.||
|Reputational||risk||Failure to meet the expectations||of|Comprehensive<br>partner relations||
|||||our key stakeholders,<br>our|||established<br>with key stakeholder||
|||||partners,<br>staff and|||groups that have a direct or indirect||
|||||customers<br>in the performance|and||influence<br>on the performance|ofthe|
|||||management<br>ofthe charity's|||business.||
|||||affairs.|||||
|Economic|risk|||Failure to achieve income levels|||Regular review of pricing against||
|||||due to increased<br>competition|or|a|competitors,<br>price promotion|and|
|||||reduction<br>in levels ofcustomers|||comprehensive<br>systems for||
|||||disposable<br>income.|||gathering<br>customer feedback||





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|||STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|---|
|||FOR|THE YEAR ENDED 31 MARCH||2023|||
|||||||31.3.23|31.3.22|
|||||FRS 102||||
|||||Pension||||
||||Unrestricted|Adjustment|Restricted|Total|Total|
||||funds|Un-restricted|funds|funds|funds|
|||Notes|E||E|F|F|
|INCOME AND ENDOWMENTS||||||||
|FROM||||||||
|Donations<br>and legacies||2|14,692|||14,692|211,053|
|Charitable<br>activities||||||||
|Leisure Centre|activity||6,291,952||9,840|6,301,792|4,968,381|
|Investment<br>income|||8,051|||8,051|204|
|Total|||6,314,695||9,840|6,324,535|5,179,638|
|EXPENDITURE|ON|||||||
|Charitable<br>activities||||||||
|Leisure Centre|activity||5,897,404|134,000|97,761|6,129,165|5,348,440|
|NET INCOME/(EXPENDITURE)|||417,291|(134,000)|(87,921)|195,370|(168,802)|
|Other recognised||||||||
|gains/(losses)||||||||
|Actuarial<br>gains|on defined|||||||
|benefit schemes||||3,425,000||3,425,000|1,665,000|
|Net movement|in funds||417,291|3,291,000|(87,921)|3,620,370|1,496,198|
|RECONCILIATION<br>OF FUNDS||||||||
|Total funds brought<br>forward|||672,011|(720,000)|710,596|662,607|(833,591)|
|TOTAL FUNDS|CARRIED|||||||
|FORWARD|||1,089,302|2,571,000|622,675|4,282,977|662,607|





||||BALANCE SHEET|BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|---|---|---|---|
||||31|MARCH|2023||||
||||||||31.3.23|31.3.22|
|||||FRS 102|||||
|||||Pension|||||
||||Unrestricted|Adjustment||Restricted|Total|Total|
||||funds|Un-restricted||funds|funds|funds|
|||Notes|E|||f.|F||
|FIXEDASSETS|||||||||
|Tangible assets||11|342,510|||622,675|965,185|1,012,266|
|Investments||12|1||||1|1|
||||342,511|||622,675|965,186|1,012,267|
|CURRENT ASSETS|||||||||
|Stocks||13|27,681||||27,681|21,443|
|Debtors||14|669,641||||669,641|622,942|
|Cash at bank and|in hand||1,933,350||||1,933,350|1,772,595|
||||2,630,672||||2,630,672|2,416,980|
|CREDITORS|||||||||
|Amounts<br>falling due within one|||||||||
|year||15|(986,533)||||(986,533)|(1,015,231)|
|NET CURRENT ASSETS|||1,644,139||||1,644,139|1,401,749|
|TOTAL ASSETS|LESS||||||||
|CURRENT LIABILITIES|||1,986,650|||622,675|2,609,325|2,414,016|
|CREDITORS|||||||||
|Amounts<br>falling due after more|||||||||
|than one year||16|(897,348)||||(897,348)|(1,031,409)|
|PENSION ASSET/(LIABILITY)||20||2,571,000|||2,571,000|(720,000)|
|NET ASSETS|||1,089,302|2,571,000||622,675|4,282,977|662,607|





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|||||CASH FLOW|STATEMENT||||
|---|---|---|---|---|---|---|---|---|
|||FOR||THE YEAR ENDED 31 MARCH||2023|||
|||||||31.3.23|31.3.22||
|||||Notes|||||
|Cash flows from operating||activities|||||||
|Cash generated<br>from operations||||||404,051|99,750||
|Net cash provided<br>by operating<br>activities||||||404,051|99,750||
|Cash flows from investing||activities|||||||
|Purchase oftangible<br>fixed assets||||||(151,698)|(160,554)||
|Interest received||||||6051|204||
|Net cash used<br>in investing|activities||||~143,647)||~160,350)||
|Cash flows from financing||activities|||||||
|New loans<br>in year<br>Loan repayments<br>in year|||||~99,649||650,000||
|Net cash (used in)/provided||by financing|activities||~99,649)||650,000||
|Change<br>in cash and cash||equivalents|in||||||
|the reporting<br>period||||||160,755|589,400||
|Cash and cash equivalents||at the|||||||
|beginning<br>ofthe reporting||period|||1,772,595||1,183,195||
|Cash and cash equivalents||at the end|of||||||
|the reporting<br>period|||||1,933,350||1772595,|,|





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|RECONCILIATION<br>ACTIVITIES|OF NET INCOME/(EXPEN|DITURE)<br>TO NET CASH F|LOW FROM OPERATIN|G|
|---|---|---|---|---|
||||31.3.23|31.3.22|
||||F|E|
|Net income/(expenditure)<br>forthe reporting||period (as per the|||
|Statement ofFinancial Activities)|||195,370|(168,802)|
|Adjustments<br>for:|||||
|Depreciation<br>charges|||171,471|152,292|
|Loss on disposal of|fixed assets||27,308||
|Interest received|||(8,051)|(204)|
|Increase<br>in stocks|||(6,238)|(20,397)|
|(Increase)/decrease|in debtors||(46,699)|5,751|
|Decrease<br>in creditors|||(63,110)|(136,890)|
|Difference between|pension charge and cash|contributions|134,000|268,000|
|Net cash provided|by operations||404,051|99,750|



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|||At 1.4.22|Cash flow|At 31.3.23|
|---|---|---|---|---|
|||P|||
|Net cash|||||
|Cash at bank and in hand||1,772,595|160,755|1,933,350|
|||1,772,595|160,755|1,933,350|
|Debt|||||
|Debts falling due within|1 year|(118,591)|(34,412)|(153,003)|
|Debts falling due after 1 year||~1,031,409)|134,061|~897,348)|
|||1,150,000|99,649|~1,050,351)|
|Total||622,595|260404|882,999|





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|4.|INCOME FR|OM CH|ARITA|BLE ACTIVITIE|S||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.23|31.3.22|
||||||||Leisure||
||||||||Centre|Total|
||||||||activity|activities|
||||||||P|E|
||Leisure centre income||||||5,257,041|3,858,792|
||Management|Fee|||||188,204|146,204|
||Joint Use Agreement||Income||||384,707|281,786|
||Grants||||||471,840|681,599|
||||||||6,301,792|4,968,381|
||Grants received,<br>included|||in the above, are|as follows:||||
||||||||31.3.23|31.3.22|
|||||||||F|
||Eastboume|Borough|Council||||462,000|462,000|
||Tackling<br>Inequalities||Fund|||||5,000|
||NLRF (LDC)|||||||14,599|
||SIBGrant|||||||200,000|
||Adult Social|Care Infection||Control Fund|||9,840||
||||||||471,840|681,599|
|5.|CHARITABLE ACTIVITIES COSTS||||||||
||||||||Support||
|||||||Direct|costs (see||
|||||||Costs|note 6)|Totals|
||||||||E|E|
||Leisure Centre activity|||||2,243,405|3,885,760<br>Governance|6,129,165|
|6.|SUPPORT|COSTS|||||||
||||||Management|Finance|costs|Totals|
||||||F|E|F|E|
||Leisure Centre activity||||3,585,096|286,918|13,746|3,885,760|





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||31.3.23|31.3.22|
|---|---|---|
|Auditor's<br>remuneration|13,746|10,500|
|Depreciation<br>-owned assets|171,471|152,292|
|Hire of plant and machinery|116,542|144,097|
|Deficit on disposal offixed assets|27,308||



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|||31.3.23|31.3.22|
|---|---|---|---|
|||F||
|Wages|and salaries|2,807,410|2,640,473|
|Social|security costs|188,843|169,681|
|Other|pension costs|211,737|288,416|
|||3,207,990|3 098,570|



|The average<br>monthly<br>number ofemployees<br>during<br>t|he year was as follows;||
|---|---|---|
||31.3.23|31.3.22|
|Senior management|11|11|
|Recreation Sites|78|82|
|Administration|11|11|
|Casual Staff|169|134|
||269|238|





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||31.3.23|31.3.22|
|---|---|---|
|290,001 - E100,000||1|
|2110,001 - 8120,000|||



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|2023|2022|
|---|---|
|1|1|



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|COMPARATIVES FOR TH|E ST|ATEMENT OF|FINANCIAL ACTI|VITIES|||
|---|---|---|---|---|---|---|
|||||FRS 102|||
|||||Pension|||
||||Unrestricted|Adjustment|Restricted|Total|
||||funds|Un-restricted|funds|funds|
||||E|E||E|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations<br>and legacies|||5,000||206,053|211,053|
|Charitable<br>activities|||||||
|Leisure Centre activity|||4,948,782||19,599|4,968,381|
|Investment<br>income|||204|||204|
|Total|||4 953,966||225,652|5,179,638|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Leisure Centre activity|||4,535,342|268,000|545,098|5,348,440|
|NET INCOME/(EXPENDITURE)|||418,644|(268,000)|(319,446)|(168,802)|
|Transfers<br>between funds|||162,664||(162,664)||
|Other recognised<br>gains/(losses)|||||||
|Actuarial<br>gains on defined|benefit schemes|||1,665,000||1,665,000|
|Net movement<br>in funds|||581,308|1,397,000|(482,110)|1,496,198|





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|10,|COMPARATIVES<br>F|OR THE STATEMENT O|F FINANCIAL AC|TIVITIES<br>~ contin<br>FRS 102|ued||
|---|---|---|---|---|---|---|
|||||Pension|||
||||Unrestricted|Adjustment|Restricted|Total|
||||funds|Un-restricted|funds|funds|
|||||E||F|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought|forward|90,703|(2,117,000)|1,192,706|(833,591j|
||TOTAL FUNDS CARRIED FORWARD||||||
|11.|TANGIBLE FIXEDASSETS||||||
|||||Improvements||Fixtures|
|||||to|Plant and|and|
|||||property|machinery|fittings|
|||||E|E||
||COST||||||
||At 1 April 2022|||2,155,282|176,239|21,692|
||Additions<br>Disposals|||41,414<br>~27,397)|67,537<br>~16604)|11,426|
||At 31 March 2023|||2,169,299|227,172|33,118|
||DEPRECIATION||||||
||At 1 April 2022|||1,296,782|117,881|5,685|
||Charge for year<br>Eliminated<br>on disposal|||109,774<br>~12,252)|14,795<br> ~4,696)|3,227|
||At 31 March 2023|||1,394,304|127,980|8,912|
||NET BOOK VALUE||||||
||At 31 March 2023|||774,995|99,192|24,206|
||At 31 March 2022|||858,500|58,358|16,007|





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|11.|TANGIBLE FIXEDASSETS - continued||||
|---|---|---|---|---|
|||Motor|Computer||
|||vehicles|equipment|Totals|
||||E|E|
||COST||||
||At 1 April 2022|8,580|187,480|2,549,273|
||Additions<br>Disposals||31,321<br>~2,552)|151,698<br>~46,553)|
||At 31 March 2023|8,580|216,249|2,654 416|
||DEPRECIATION||||
||At 1 April 2022|8,580|108,079|1,537,007|
||Charge for year<br>Eliminated<br>on disposal||43,675<br>~2,297)|171,471<br>~19,245)|
||At 31 March 2023|8,580|149,457|1,689,233|
||NET BOOK VALUE||||
||At 31 March 2023||66,792|965,185|
||At 31 March 2022||79,401|1,012,266|
|12.|FIXEDASSET INVESTMENTS||||
|||||Shares<br>in|
|||||group|
|||||undertakings|
|||||E|
||MARKET VALUE||||
||At 1 April 2022 and 31 March 2023||||
||NET BOOK VALUE||||
||At 31 March 2023|||1|
||At 31 March 2022|||1|



|Class ofshare|holding|||
|---|---|---|---|
|Ordinary|100|||
|||31.3.23|31.3.22|





|||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|- continued|||
|---|---|---|---|---|---|---|---|
|||||FOR THE YEAR ENDED 31 MARCH|2023|||
|13.|STOCKS|||||||
|||||||31.3.23|31.3.22|
|||||||E|E|
||Stocks|||||27,681|21,443|
|14.|DEBTORS|||||||
|||||||31.3.23|31.3.22|
||Amounts<br>falling due within||one|year:||||
||Trade debtors|||||205,831|303,417|
||Amounts<br>owed by group undertakings|||||750|750|
||Other debtors|||||34,673|37,413|
||Prepayments<br>and accrued||income|||370,337|223,312|
|||||||611,591|564,892|
||Amounts<br>falling due after more|||than one year.||||
||Other debtors|||||58,050|58,050|
||Aggregate<br>amounts|||||669,641|622,942|
|15.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
|||||||31.3.23|31.3.22|
|||||||E||
||Other loans (see note|17)||||153,003|118,591|
||Trade creditors|||||150,068|332,186|
||Social security and other taxes|||||79,359|76,495|
||Other creditors|||||113,385|89,723|
||Accruals and deferred|income||||490,718|398,236|
|||||||986,533|1,015,231|





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||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|
|Amounts<br>falling due within|one year on demand:||||||
|Other loans|||||153,003|118,591|
|Amounts<br>falling between one||and two years:|||||
|Other loans -1-2 years|||||164,185|169,416|
|Amounts<br>falling due between||two and five years:|||||
|Other loans -2-5 years|||||233,163|361,993|
|Amounts<br>falling due in more than five years:|||||||
|Repayable<br>otherwise<br>than|by|instalments:|||||
|Other loans more 5yrs non-inst|||||500,000|500,000|
|LEASING AGREEMENTS|||||||
|Minimum<br>lease payments|under non-cancellable||operating|leases fall due as follows:|||
||||||31.3.23|31.3.22|
||||||F|F|
|Within one year|||||3,169|115,085|
|Between one and five years|||||10,330|8,016|
||||||13,499|123,101|





## 

## 

|MOVEMENT<br>IN FUNDS|||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.4.22|in funds|31.3.23|
|||||F|E|P|
|Unrestricted<br>funds|||||||
|General<br>fund||||672,011|417,291|1,089,302|
|FRS 102<br>Pension Adjustment|||||||
|Un-restricted||||~720,000)|3291,000|2,571,000|
|||||(47,989)|3,708,291|3,660,302|
|Restricted funds|||||||
|Ancient<br>History Centre<br>Newhaven<br>Fort Recovery||||27,968<br>682,628|(3,460)<br>~84,461)|24,508<br>598,165|
|||||710,596|~87,921)|622,675|
|TOTAL FUNDS||||662,607|3,620,370|4,282,977|
|Net movement<br>in funds,|included|in the above are as follows:|||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||P|E|||
|Unrestricted<br>funds|||||||
|General<br>fund|||6,314,695|(5,897,404)||417,291|
|FRS 102<br>Pension Adjustment|||||||
|Un-restricted||||~134,000)|3,425,000|3,291,000|
||||6,314,695|(6,031,404)|3,425,000|3,708,291|
|Restricted funds|||||||
|Ancient<br>History Centre||||(3,460)||(3,460)|
|Newhaven<br>Fort Recovery<br>Adult Social Care Infection Control Fund|||9,840|(84,461)<br>~9,840)||(84,461)|
||||9,840|97,761||87,921|
|TOTAL FUNDS|||6,324,535|~6, 129,165)|3,425,000|3,620,370|





## 

## 

## 

||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.4.21|in funds|funds|31.3.22|
||||||E|E||
|Unrestricted<br>funds||||||||
|General|fund|||90,703|418,644|162,664|672,011|
|FRS 102<br>Pension||Adjustment||||||
|Un-restricted||||~2,117,000)|1,397,000||~720,000)|
|||||(2,026,297)|1,815,644|162,664|(47,989)|
|Restricted funds||||||||
|Ancient|History Centre|||31,429|(3,461)||27,968|
|Big Lottery||||92,613|(92,613)|||
|Newhaven<br>Fort Recovery||||818,522|26,770|(162,664)|682,628|
|Tackling|Inequalities|Fund||5,000|(5,000)|||
|Summer|Events Programme|||8,500|(8,500)|||
|National|Leisure Recoverability||Fund|236,642|~236,642)|||
|||||1,192,706|~319,446|~162664)|710596|
|TOTAL|FUNDS|||~833,591)|1,496,198||662,607|



||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||E|E||E|
|Unrestricted<br>funds|||||||
|General<br>fund|||4,953,986|(4,535,342)||418,644|
|FRS 102<br>Pension|Adjustment||||||
|Un-restricted||||~268,000)|1,665,000|1,397,000|
||||4,953,986|(4,803,342)|1,665,000|1,815,644|
|Restricted funds|||||||
|Ancient<br>History Centre||||(3,461)||(3,461)|
|Big Lottery||||(92,613)||(92,613)|
|Newhaven<br>Fort Recovery||||26,770||26,770|
|Job Retention Scheme|||206,053|(206,053)|||
|Tackling<br>Inequalities|Fund||5,000|(10,000)||(5,000)|
|Summer<br>Events Programme||||(8,500)||(8,500)|
|National<br>Leisure Recoverability||Fund|14,599|~251,241)||~236,642)|
||||225,652|545,098||~319,446)|
|TOTAL FUNDS|||5,179,638|~5,348,440)|1,665,000|1,496,198|





## 

## 

## 

## 

## 

## 

## 

## 

||||Defined|benefit|
|---|---|---|---|---|
||||pension|plans|
||||31.3.23|31.3.22|
||||E|E|
|Current service cost|||184,000|218,000|
|Net interest|from net defined|benefit|||
|asset/liability|||18,000|44,000|
|Admin cost|||8,000|6,000|
||||210,000|288,000|
|Actual return|on plan assets||287,000|204,000|





## 

## 

|||||Defined|benefit|
|---|---|---|---|---|---|
|||||pension|plans|
|||||31.3.23|31.3.22|
|Opening|defined benefit|obligation||11,799,000|12,133,000|
|Current|service cost|||184,000|218,000|
|Contributions<br>by scheme||participants||61,000|40,000|
|Interest|cost|||305,000|248,000|
|Benefits|paid|||(169,000)|(121,000)|
|Remeasurements:||||||
|Actuarial|(gains)Rosses|from changes|in|||
|demographic<br>assumptions||||506,000||
|Actuarial|(gains)Rosses|from changes|in|||
|financial|assumptions|||(5,595,000)|(744,000)|
|Obligations<br>other remeasurement||||879,000|25,000|
|||||7,970,000|11,799,000|



||||Defined|benefit|
|---|---|---|---|---|
||||pension|plans|
||||31.3.23|31.3.22|
||||E|F|
|Opening<br>fair|value ofscheme assets||11,079,000|10,016,000|
|Contributions|by employer||76,000||
|Contributions|by scheme participants||61,000|40,000|
|Expected<br>return|||287,000|204,000|
|Benefits paid|||(169,000)|(121,000)|
|Assets no descr|||(8,000)|(6,000)|
|Remeasurements:|||||
|Return on plan assets (excluding||interest|||
|income)<br>Assets other|remeasurement||(591,000)<br>~194,000)|946,000|
||||10,541,000|11,079,000|





## 

## 

||||||Defined|benefit|
|---|---|---|---|---|---|---|
||||||pension|plans|
||||||31.3.23|31.3.22|
||||||E|E|
|Actuarial|(gains)Rosses|from changes||in|||
|demographic<br>assumptions|||||(506,000)||
|Actuarial|(gains)/losses|from changes||in|||
|financial|assumptions||||5,595,000|744,000|
|Oblig other remeasurement|||||(879,000)|(25,000)|
|Return on plan assets||(excluding|interest||||
|income)|||||(591,000)|946,000|
|Assets other remeasurement|||||~194,000)||
||||||3,425,000|1,665,000|



|||||||||Defined|benefit|
|---|---|---|---|---|---|---|---|---|---|
|||||||||pension|plans|
|||||||||31.3.23|31.3.22|
|Equities||||||||71%|74%|
|Bonds||||||||12%|16%|
|Property||||||||16%|8%|
|Cash||||||||1%|2%|
|||||||||100%|100%|
|Principal|actuarial|assumptions||at the|Balance Sheet date (expressed||as weighted|averages):||
|||||||||31.3.23|31.3.22|
|Discount|rate|||||||4.80%|2.60%|
|Future salary increases||||||||2.90%|3.15%|
|Future pension increases||||||||2.90%|3,15%|
|Amounts|for the current and previous||||four periods are|as follows:||||
||||||2023|2022|2021|2020|2019|
|Defined|benefit|pension|plans|||||||
|Defined|benefit obligation||||(7,970,000)|(11,799,000)|(12,133,000)|(9,062,000)|(11,146,000)|
|Fair value ofscheme assets|||||10,541,000|11,079,000|10,016,000|8,333,000|9,161,000|
|(Deficit)surplus|||||2,571,000|(720,000)|(2,117,000)|(729,000)|(1,985,000)|





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