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← Horsham Matters Limited

2025-03-31-accounts

2024–2025 ANNUAL REPORT

Supporting Our Community, Changing Lives

Table of Contents Horsham Matters Limited (A company limited by guarantee)

02 Trustees' Report

3 Independent Examiner's Report

32

Statement of Financial Activities

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3 6
Balance Sheet
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3 7 Statement of Cash Flows

3 8

Notes to the Financial Statement

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Reference and Administrative Details of the Company, its Trustees and Advisors for the Year ended March 31st 2025

Horsham Matters Limited (A company limited by guarantee)

Trustees

Mrs L Emery (Chair)

Mr T Murray Mr G Sherlock - resigned November 2024

Mrs H Pitt

Mrs N Barber Mr J Pestell Ms C Watson

Independent Examiner Lucy Hammond BSc FCA Chartered Accountants Kreston Reeves Springfield House Springfield Road Horsham West Sussex RH12 2RG

Bankers

Company Registered Number - 05796693 Charity Registered Number - 1116253

Registered Office

Community Support Centre 1 Redkiln Close

Horsham West Sussex RH13 5QL

Managing Director Ms Emma Elnaugh - resigned 25 April 2025

Chief Executive Officer

Mr Kelvin Glen - appointed 1 July 2025

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Triodos Bank Deanery Road Bristol BS1 5AS

Shawbrook Bank Lutea House The Drive Warley Hill Business Park, Great Warley Brentwood Essex CM13 3BE

Flagstone Group Clareville House 26-27 Oxendon St London SW1Y 4EL ·

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Chair's Forward

Mrs Linda Emery

Chair’s Forward

On behalf of the trustees of Horsham Matters, I am delighted to introduce our annual report for 2024/25.

In these challenging times, the work of Horsham Matters remains as critical as ever – supporting those in crisis through the provision of food, household essentials, budgeting support and advice. The scale of our work is extremely broad with a range of activities focused on our goals of meeting needs and improving lives. In addition to our core services, over the last year we launched our ‘Support on the Move’ vehicle; opened a 2nd Connecting Café, and provided Christmas packs and holiday support.

All of the above can only happen thanks to the efforts and generosity of so many people. We are hugely grateful to all our supporters: individual donors, church and corporate partners and grant making organisations.

Thank you also to our amazing team of staff and volunteers, who work with such dedication and determination. A special mention must go to our Managing Director Emma Elnaugh, who has now moved on after 7 years of outstanding service.

We also said goodbye and thank you to trustee Guy Sherlock, who completed his term in November 2024. It has also been a joy to welcome new trustees who joined during the year: James Pestell and Carolyn Watson – bringing strengths in Marketing and Communications, Finance and Charity Governance.

The year ahead will be one of building on recent innovations whilst continuing to deliver our core services. We are in action on developing new approaches to fundraising to sustain our work. And we are delighted to welcome Kelvin Glen as our new CEO.

As we work together to meet the needs of the most vulnerable in our community, we thank God for his provision and ask for His blessing for the year ahead.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Our Vision

Our vision is for a Horsham District where no one has to rely on a food bank to make ends meet.

We believe in a future where every individual and family in our community has the means to live with dignity, without the fear of going hungry or without support in times of crisis.

Our Mission

At Horsham Matters, we exist to serve our local community by ensuring that no one faces hunger or hardship alone.

While we continue to meet urgent needs through emergency food provision and practical crisis support, our mission goes beyond short-term relief. We work collaboratively with partners and individuals across the District to address the underlying causes of poverty and hardship—empowering people through advice, guidance, and long-term solutions.

Until the need for food banks is no more, we remain committed to standing alongside those in crisis, offering compassionate support when it’s needed

most.

HORSHAM MATTERS LTD ge ANNUAL REPORT 2024-2025

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What We Do

Horsham Matters operates a network of Trussell Trust foodbanks across the Horsham District, delivering 16 sessions each week through both static locations and Hub on the Move—our mobile foodbank service that brings essential support directly to local communities.

As the main referrer to the foodbank, we are in direct contact with around 85% of those we support. This frontline role gives us a deep understanding of not only individual needs but also wider trends affecting our community.

We work closely with a range of partner organisations to support people facing increasingly complex challenges—ensuring access to expert advice, practical help, and signposting to relevant services.

Our work is guided by the insight we gather on the ground. We continuously review and adapt our services to reflect the changing needs of those we serve. This means being agile, responsive, and community-focused in everything we do.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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The Ongoing Impact of the Cost of Living Crisis

The cost of living crisis has continued to affect individuals and families across the Horsham District. Over the past few years, we have seen an increase in the number of people needing emergency support, driven by rising household costs, inflation, and the failure of incomes, particularly from social security, to keep pace with those costs.

This pressure is being felt not only by those who rely on our services but also by those who have traditionally supported us.

Like many foodbanks across the country, we have experienced continued high demand while facing a decline in food donations. Many of our regular supporters are now managing their own financial challenges, making it harder for them to give as they once did.

As donations continue to fall, we have had to dedicate more of our financial resources to purchasing food. The quantity of items we now need to buy has steadily increased, and our stock levels have remained critically low for extended periods throughout the year.

Despite this, our commitment to supporting the community has not wavered. We continue to adapt and respond with urgency and compassion to ensure that no one is left without the help they need.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Horsham District Foodbank – 10 Years of Service

In 2024, Horsham District Foodbank celebrated its 10th anniversary. Since opening in 2014, the service has grown from providing 119 food parcels per month to approximately 800 per month today, reflecting the increasing demand for support in our community.

Beyond the provision of food, we deliver holistic support to address the root causes of poverty, including household budgeting advice, benefits checks, advocacy and case support, and counselling services. Our Hub on the Move mobile foodbank continues to expand access across the district, reaching residents who may face barriers to visiting a static site.

Our achievements would not be possible without the dedication of our staff, volunteers, and supporters, as well as the trust of the residents we serve. To mark our 10th anniversary, we launched the £10 for 10 Years campaign to fund ongoing services, alongside the FILL-A-PLATE initiative, encouraging donations to ensure no one goes hungry.

While our ultimate goal is a community where foodbanks are no longer necessary, Horsham District Foodbank remains committed to addressing food poverty and advocating for systemic change. With continued community support, we will maintain and expand our services to meet the growing need.

ANNUAL REPORT 2024-2025

HORSHAM MATTERS LTD

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Foodbank Statistics

For the financial year 1 April 2024-31 March 2025

This year, demand for foodbank support remained high, underscoring the continued impact of the cost of living crisis on individuals and families across the Horsham District. Despite a decline in food donations and critically low stock levels, we remained committed to meeting the growing need within our community.

Between 1 April 2024 and 31 March 2025, Horsham Matters distributed a total of 8,475 individual food parcels to people in crisis. This included:

5,040 parcels for Adults

3,435 parcels for Children

These figures reflect not only the scale of need but also the increasing number of households experiencing financial hardship and complex challenges. As a frontline organisation, we continue to stand alongside those in crisis, offering practical support today while working towards a future where no one in our community has to rely on emergency food.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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The Tin Trail – A Community Coming Together

As the cost-of-living crisis continued to impact food donations and our stock levels reached critical low levels, we knew we had to get creative again. Inspired by the success of Tintastic the previous year, we launched Tin Trail.

Held at The Bridge Leisure Centre on Tuesday 9 July 2024, the event invited the community to help us create the longest possible line of tin donations. The response was incredible—schools, churches, businesses, community groups, and individuals all joined in to show their support.

We were also thrilled to receive coverage from the BBC, including a radio interview with our Network and Campaigns Lead, Amalia Lovett, which helped us reach even more people across the region and raise awareness of food poverty in our community.

The results were amazing:

Thanks to the generosity of our community, we were able to continue to work to ensure that no one in the Horsham District faced hunger alone.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Winter Support

Winter is always one of the busiest times of the year for Horsham Matters. As temperatures drop, households already under financial strain face rising energy bills and other essential living costs. The festive season can be particularly difficult, with parents feeling additional pressure to provide gifts and festive meals while still struggling to put food on the table.

To help ease this burden, we work in partnership with a wide range of local agencies and care professionals, including GP surgeries, health professionals, social workers, and schools, to identify and support families in need. Together, we provide Christmas parcels that include food for a festive meal and gifts for children, helping to bring some relief and joy during what can be a challenging time.

For the first time, we invited members of the public to take part in community packing sessions. These sessions allowed local residents, including children aged 10 and over, accompanied by a guardian, to help us prepare the Christmas parcels. The response was overwhelmingly positive, with many people signing up and offering their time to support others in their community. The feedback from those who took part was enthusiastic and encouraging, with participants expressing a strong sense of connection and purpose.

We would also like to thank Horsham District Council for their generous donation of family cinema tickets to The Capitol that we were able to include in the Christmas parcels, giving families the opportunity to enjoy time together and create special memories during the holidays.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Winter Support

We are especially grateful to our corporate partners who generously gave their time to support this initiative. Teams from Schroders/Benchmark, RSA, BDO, STYKR, Perfect Group, and People's Partnership volunteered in our foodbank warehouse to help pack the parcels. We also thank Wincanton and Perfect Group for assisting with deliveries across the District.

Thanks to this collaborative effort, we were able to deliver 398 Christmas parcels to local families in 2024, ensuring they felt supported and remembered during the festive season.

Thank you to our corporate volunteers

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Food Partnership Group

As the cost of living crisis continued to place financial strain on households across the District, we continued to support residents struggling to afford the basics, especially food, which is often the most squeezed part of a family’s budget. In response to this rising need, Horsham Matters joined forces with other local charities and organisations working to tackle food poverty, forming the Food Partnership Group.

The aim of the group is simple: to be stronger together. By collaborating, we are able to share knowledge, coordinate resources, and support one another in delivering food provision more effectively across the Horsham District.

We are incredibly grateful for the support and funding received from West Sussex County Council and Horsham District Council, which has helped us to develop and sustain this partnership.

Looking ahead, we plan to develop the Food Partnership Group further, expanding its reach, deepening collaboration, and joining forces with other food partnerships across Sussex. By working together at a regional level, we hope to amplify our collective voice and ensure the needs of our communities are clearly heard by decision-makers.

Together, we are building a more connected, informed, and responsive approach to addressing food insecurity in our local communities.

“Horsham Matters have been a fantastic supporter of the Wholesome Warehouse since we opened our doors in Storrington in the Summer of 2020. We collaborate, inspire, encourage and partner together to serve the district’s most materially vulnerable and hugely value being part of the Food Partnership Group that Horsham Matters set up to share and coordinate resources and ideas. As a young charity we have benefited enormously from their generosity both in terms of shared funding opportunities and food which we distribute through our Food Box Scheme. We are huge advocates of what Horsham Matters are doing and it’s a privilege to partner together in this work.”

Simon from Wholesome Warehouse

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

11

Connecting Cafe

Our Connecting Café continues to be a vital community hub, offering a warm and welcoming space for those experiencing social isolation and food poverty.

Access to advice is crucial for many of our visitors, and our Talking Tables initiative has made this possible. Throughout the year, guests have had the opportunity to speak directly with advice experts. We were pleased to welcome organisations such as the NHS Prevention and Assessment Team, Mencap, Carer Support, Community Energy Pathway and the West Sussex Fire & Rescue Service, who generously provided their time and expertise at our Talking Tables.

In November, with support from National Lottery Awards for All funding, we were delighted to expand this provision by opening a second Connecting Café in Pulborough, continuing the same mission of community connection, support, and access to advice.

We are very grateful to have received funding for our Connecting Café 2 – Pulborough from EKCT.

‘’The Connecting Cafe (in Pulborough) has become a very welcome hub to the village. It is affordable for all, friendly, welcoming with great value food. I enjoy going for just a drink or for food. I often accompany a friend who has additional needs. He doesn’t always have the funds to pay, so Horsham Matters will provide the meal for free for him and those that need it. I know that is much appreciated. It’s a fabulous community initiative and is most welcome, especially with the support of Horsham Matters.‘’ Grateful resident and customer

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Household Essentials

As the Cost of Living Crisis persisted, demand for household goods remained high. We supported 74 households, including 29 families, providing a total of 458 essential items. These included beds, chest of drawers, sofas, kitchen packs, and other basics needed to help people set up a safe and comfortable home. A significant number of these items were generously donated by local residents.

Due to ongoing demand, we’ve continued to purchase essential items such as mattresses, bed frames, air fryers, kettles, and microwaves to supplement the generous donations we receive. This year, we also began working with the Charis Shop, which has enabled us to supply white goods more efficiently and costeffectively.

We were also able to provide 54 white goods, including washing machines and cookers, to residents experiencing hardship, helping to create safer, more functional homes for those most in need.

Our heartfelt thanks to Laing Family Trusts for their funding support, which enabled us to purchase much-needed items and continue delivering this vital service.

‘’After fleeing domestic abuse, I had nothing, I slept on the floor for a while, until I could afford to purchase second hand items… having the furniture pack made a huge difference and made me feel that there was one less thing to worry about and I could add to it slowly. It made the temporary accommodation feel more homely. This meant I could focus on other [things].’’

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Addressing The Root Causes of Poverty

While our food bank provides vital emergency support, our ultimate goal is that residents no longer need to rely on it. That’s why we offer a range of holistic services that tackle the root causes of poverty, helping individuals move toward long-term stability.

Our Advocacy Team provides personalised support, including:

This work can have a transformational impact, empowering clients and, in many cases, preventing the need for ongoing crisis support.

Client Support and Financial Outcomes

During this financial year, our team supported 103 clients, providing tailored advice, guidance, and practical assistance to help improve their financial wellbeing.

Through direct interventions, we achieved actual financial gains of £65,189.80 for clients. In addition, further potential gains of £34,564.95 were identified through signposting and referrals to partner agencies and support services.

These outcomes demonstrate the significant impact of our work in helping local residents maximise their income, access the support they are entitled to, and build greater financial stability.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Support On The Move: Expanding Our Reach

As part of our commitment to removing barriers and reaching those who may not access services in the town centre, we launched our Support on the Move advice hub in June 2024. This fully-equipped mobile advice service travels to surrounding villages, helping to ensure that residents in rural and isolated communities can access the support they need—when and where they need it most.

This project was only possible thanks to the generous support of GTR Railways, Horsham District Council, the Shanly Foundation, the Ian Askew Charitable Trust and the Sussex Community Foundation. This funding helped us repurpose the vehicle and recruit two dedicated Outreach Advisors, who provide advice and guidance directly in the community, supported by two drivers who manage the logistics and operation of the service.

We are also incredibly grateful to Octotech for donating equipment, which ensures our mobile team can stay connected and offer real-time digital support wherever they are.

To maximise the impact of the mobile advice hub, we partnered with different organisations across the district, offering targeted support and ensuring our services reach those who need them most. We are proud to be working in partnership with several key organisations on board our advice hub, including Age UK, Carers Support, Citizens Advice, the Alzheimer’s Society, and many others.

This collaborative approach ensures that a wide range of services are accessible in one place, helping residents get the right support quickly and easily.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Supporting Families, Building Futures

We were also thrilled to be selected as a finalist in the Horsham District Council People’s Budget, The Public Vote, and even more excited to win funding for our new Mobile Toy Library.

This initiative aims to ensure that every child has access to engaging, educational toys, and will now travel alongside our

advice hub, bringing not only practical advice but a helpful resource for families with young children, further strengthening

our preventative and holistic approach to community support.

Together, these initiatives reflect our continued focus on early intervention, community connection, and collaboration, ensuring that no one is left behind.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

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Mental Health Support

We were very fortunate to be able to offer mental health support to clients experiencing food poverty. This service had a profound impact, as many individuals were unable to address their financial challenges due to underlying mental health issues.

Thanks to the dedication of our volunteer counsellor, Chriss Abell, many residents were able to access the emotional support they needed in order to begin their journey out of poverty. Although she retired in April 2025, we remain deeply grateful for the time, care, and expertise she so generously gave. Her work made a lasting difference in the lives of those who might otherwise never have received this vital help.

In the past year, counselling support was provided to three clients—lower than usual due to her absence for part of the year— but her commitment and compassion have left a positive and enduring impact on our community.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Collaborating for Community Impact

The Community Support Forum continues to demonstrate the power of working together. With 35 active member organisations, the forum remains focused on prioritising the needs of local residents, sharing ideas, tackling challenges, and collaborating for the benefit of our community. We are incredibly grateful to all our members for their ongoing commitment and collective strength—proof that we are truly stronger together.

As we look ahead, we’ll be reviewing the group’s structure and purpose, and inviting other organisations to join us.

Together, we believe we can not only respond to immediate needs, but also create lasting, systemic change that improves the lives of residents across our district.

ANNUAL REPORT 2024-2025

HORSHAM MATTERS LTD

The Heart of Our Work: Our Volunteers

Our organisation simply would not run without the incredible support of our volunteers. We are truly blessed to have so many generous individuals giving their time, energy, and skills to support our work. Their contribution is at the heart of everything we do—we simply couldn’t offer the range of services we provide without them.

Over the past year, our volunteers gave an outstanding 9,627 hours of their time. That’s a remarkable reflection of their dedication to our mission and community.

We’ve continued to strengthen our volunteer induction process and provide valuable training to ensure every volunteer feels supported and equipped in their role. But it wasn’t all work, we made time for fun, too! From social gatherings to events like our late-night shopping evening at the Love It Again shop, we took time to celebrate the amazing people who make our work possible.

Behind every service we offer is a volunteer giving their time, their heart, and their skills, worth over £110,000 this year alone!

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Raising Funds Through Retail & Community Support

We continue to generate vital income through the sale of donated goods, helping to fund our services and support residents in crisis. Our much-loved vintage and retro shop, Love It Again, plays a key role in this, offering highquality second-hand treasures while raising awareness of our work.

Our online shop, which focuses on selling larger furniture items, is another valuable fundraising channel. We’re excited to share that this platform will soon be upgraded to improve the customer experience. We’re incredibly grateful to Envitia for generously donating their time and expertise to support this website development. Their contribution will help make our online store more accessible, user-friendly, and impactful.

In December, Love It Again joined the festive spirit by taking part in Horsham District Council’s Christmas Magic Display Competition, and we were thrilled to be voted the Public’s Choice ¥ Charity Display Winner! This not only brought joy to our deserving team and our loyal customers, but also raised our profile in the local community.

Through these initiatives, and with the continued support of local donors, shoppers, and partners, we are strengthening our ability to fund services that make a meaningful difference every day.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Fundraising Highlights

This year saw a number of exciting fundraising events that brought our community together and raised vital funds to support our work.

In May 2024, our staff took part in the Charity Chase. The staff was split into two

teams, Blue and Green, they competed against each other to raise the most funds in a single day. Each team visited local businesses and completed allocated challenges in exchange for donations to their collection buckets. There were some quirky challenges along the way, making it a fun and memorable day for everyone involved.

Thanks to Cripps, The Star Roffey, Sumner’s Pond, Waitrose, Norfolk Arms, Octotech, Seofon, Major Mind Games, Swan Walk, Green People, Slinfold Golf, Metricell, Saxon Weald, Malt Shovel, The Coot, Red Deer, Foresters, Piries, Horsham Tap, Studio 2, Durrants, Weinerberger, Grizzly’s, Horsham District Council, Holbrook Club, Brolly Brewing and Anchor Tap for their participation and support.

In June 2024, we hosted our 2nd annual Golf Day at Slinfold Golf & Country Club, bringing together supporters for a day of sport, camaraderie, and fundraising.

On Saturday 22 June, we also ran a Sponsored Dog Walk in Horsham Park. Participants joined one of the afternoon sessions with their four-legged companions, collecting dog treats along the route while raising funds.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Fundraising Highlights

In September 2024, our first-ever Glass Walk took place, where brave individuals walked barefoot across broken glass to raise money for Horsham Matters, including our newly appointed MP, John Milne. It was an inspiring event that showcased both courage and generosity.

Special thanks to JR Print, Envitia for hosting a raffle and participating in our glass walk, Rapid Relief Team UK for the BBQ and to The Holbrook Club for allowing us to use their venue.

In December 2024, we hosted our second annual Merry Melodies Christmas Concert at the beautiful St Mary’s Church in Horsham which featured performances by contemporary gospel choir, Singergy and the Christmas Chamber Choir. aps i” - afIF Li | This stunning venue provided the TaSey > PALA(AS . SE gryoo Ss” Fone ite Vik ~[y RA spr perfect backdrop for an evening Pow)4.6 | a Hc] ace f°)| ot HE | neAa at!) ASR ysOnef aeRist filled with festive cheer, music, and ly gif"+ i\ . :a)oo 4Haty - aa goodwill. The event was generously sponsored by Howden.

In January 2025, we ran a highly successful Christmas Tree Collection, removing over 100 trees in just two days. This practical and eco-friendly service not only raised funds but also strengthened our engagement with the local community.

These events served to generate much-needed income but also helped to raise awareness of our work and build lasting relationships with supporters across the district. We’re deeply grateful to everyone who took part, donated, or helped make these events such a success.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Community Working Together

Everything we do as a charity is only possible because of our generous supporters, from corporate partners, regular givers, and individual donors.

We are also deeply grateful to our local community, including churches, schools, community groups, businesses, Horsham District Council and West Sussex City Council. They have stood by us during challenging times, first through Covid and now the cost-of-living crisis.

While we work tirelessly to meet the needs of people facing financial hardship, we know we are supported by a community that cares. Together, we can hold on to the hope that meaningful change is possible and that one day, reliance on emergency food will no longer be necessary.

Thank you for standing with us.

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Campaigning for Change

We continued to actively support the Trussell Trust Essentials Guarantee campaign, which calls on all political parties to ensure that Universal Credit payments are sufficient to cover household essentials.

As part of this work, we also participated in Trussell Trust’s Laying it on the Table campaign. Residents were invited to share their experiences of hardship and hope, writing down what would help them most or what they find most challenging. These messages were shared with local decisionmakers, including John Milne, Horsham MP, to highlight community support for the Guarantee our Essentials campaign. The goal was to ensure policymakers understood that the community stands together in calling for change, so no one needs a food bank to survive.

Research from Trussell Trust highlights the ongoing need for action:

*Trussell research from September 2024

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Thank you, Emma

This year, we said a fond farewell to our Managing Director, Emma Elnaugh, after seven years of transformative leadership.

Emma joined Horsham Matters during a challenging time and led the charity through a remarkable turnaround. Under her guidance, we evolved from a food parcel provider into a respected, holistic support organisation—helping individuals not only in crisis but on their journey out of poverty.

Through her vision and tireless work, Emma built strong partnerships, strengthened our services, and positioned Horsham Matters as a trusted voice in the sector. Her legacy is one of compassion, collaboration, and lasting impact. We’re incredibly grateful for everything Emma has given to Horsham Matters and wish her every success in her next chapter.

ANNUAL REPORT 2024-2025

HORSHAM MATTERS LTD

Financial Review

Organisational Structure:

In the past year, we were fortunate enough to exceed our income expectations, leaving us to end the year with a positive outcome. However, we were very aware of the need to continue to build up reserves to cover our expenditure going forward, given that we knew the Trussell Trust Pathfinder grant would end in March 2025. Our budget for 2025/26 anticipates a deficit, for which we will need to use some reserves, whilst we build up alternative sources of income to cover our planned expenditure.

Going Concern

The Trustees continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Risk Management

The Trustees regularly review the Risk Management action plan, with a view to ensuring that the most significant risks have been identified and appropriate actions are being taken to mitigate against them.

Treasury Policy

The Charity seeks to produce the best financial return within an acceptable level of risk. At the same time, the Charity seeks to retain sufficient liquidity to enable the Charity to cover its ongoing operational expenses and respond to arising needs. We use Flagstone, an investment portal, which gives access to a range of interest-bearing bank accounts (notice and fixed interest accounts). The portal enables the Charity to invest and transfer funds across a diverse range of financial institutions and to monitor interest rates, liquidity and Financial Services Compensation Scheme (FSCS) limits by institution. Funds remain readily accessible whilst accessing optimum interest rates and protection by the FSCS.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Financial Review

Reserves Policy

The Trustees have agreed to hold sufficient reserves for 6 months operating costs and a proportion of statutory and other costs that would be incurred if the charity was required to shut down fully or in part, As of 31 March 2025, total funds held were £707,661 (2024: £639,121) of these £140,696 (2024: £75,223) were held in restricted funds and £566,965 (2024: £563,898) as unrestricted funds. After taking account of the £25,089 (2024: £41,156) tied up in fixed assets, the charity had free reserves at the year-end of £541,876 (2024: £522,742).

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Looking ahead

Although appointed just after the close of this financial year, we were pleased to welcome our new CEO, Kelvin Glen, in July 2025. We look forward to working with him as we build on the strong foundation laid over recent years.

Our plans for next financial year are as follows...

Strengthen Core Operations and Evaluate and Consolidate Services Staff Stability

In the year ahead, we will focus on delivering our core services effectively, while reviewing internal processes and prioritising staff wellbeing and retention to ensure long-term organisational stability.

We will assess the impact and effectiveness of our current services, identifying opportunities to streamline and strengthen our offer to ensure we are meeting community needs as effectively as possible.

Expand the Mobile Toy Library

We will develop and deliver our Mobile Toy Library, ensuring it reaches a broad and diverse range of families, while fulfilling the commitments outlined in our grant agreement.

Develop a Sustainable Fundraising Strategy

Following the loss of Trussell Trust funding, we will prioritise the development of a robust and diversified fundraising strategy to ensure the long-term sustainability of our charity and our continued ability to support the local community.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Structure, Governance and Management

Organisational Structure:

Horsham Matters evolved from a social action arm of Horsham Churches Together to become the independent charity it is now. A collaborative agreement exists between both organisations.

The Charity develops its own initiatives but is open to considering projects identified by others, including Horsham Churches Together; these must be sustainable and meet the aims and objectives of the Charity.

Day to Day management of the charity is delegated to the Chief Executive Officer. The Board of Trustees generally meet on a monthly basis: setting strategy; reviewing activities; monitoring finances; giving direction to the Chief Executive Officer.

Trustees:

The directors of the charitable company are its trustees for the purposes of charity law. The names of the trustees who were in office during the year are listed on Page 1.

Recruitment and Appointment of Trustees:

Future trustees will be appointed on the basis that they are supportive of the work the charity undertakes as well as for the skills they offer which will benefit the outcomes of the charity.

Induction and Training of New Trustees:

We are fortunate to have a number of trustees that have been closely involved with the charity for a long period of time and therefore bring a great deal of knowledge and experience. We offer newly appointed trustees training opportunities as they arise, as well as individual support in getting to know the charity and their role within it as a trustee.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Staff Remuneration Policy:

Remuneration is set with reference to market rates for similar roles and with respect to roles and responsibilities within the charity itself.

Related Parties:

Horsham Matters has a trading subsidiary, Horsham Matters Trading Limited, to handle activities that are not directly related to their charitable activities. Horsham Matters Trading Limited is a company limited by guarantee in England and Wales (Co.Reg.No.07100984) and was incorporated on 10 December 2009.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Statement of Trustees’ Responsibilities

The trustees 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).

The law applicable to charities in England and Wales 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 the charity for that period. In preparing the 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 are reasonable and prudent ·State whether applicable accounting standards have been followed, subject to material departures disclosed and explained in the financial statements

·Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) regulations 2008 and the trust deed. 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 irregularities.

This report was approved by the trustees on: 11 November 2025

And signed on their behalf by:

Mrs L Emery Trustee

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Closing Reflections

Horsham Matters exists not only to deliver essential services, but to uphold dignity, foster hope, and build stronger, more resilient communities. The work carried out over the past year reflects a collective commitment — from staff, volunteers, partners, and supporters — to ensure that no one in Horsham District faces hardship alone.

The challenges remain considerable, and the needs across the district continue to grow. Yet, what continues to shine through is the resilience of those accessing support, the generosity of the local community, and the strength of partnerships built around a shared purpose.

Every act of kindness, every hour volunteered, and every donation received is a testament to what is possible when a community comes together. These contributions are not only sustaining vital services — they are helping to shape a future rooted in prevention, compassion, and lasting change.

As Horsham Matters moves into the year ahead, the focus remains clear: to continue responding to immediate need, while working strategically to address the root causes of poverty and hardship. This work is only possible through continued collaboration and support.

Thank you to all who have contributed to this mission. Together, meaningful and lasting change remains within reach.

HORSHAM MATTERS LTD ANNUAL REPORT 2024-2025

Horshammatters Meeting Needs and Improving Lives

Horsham Matters Limited

(A company limited by guarantee)

Independent examiner's report For the year ended 31 March 2025

Independent examiner's report to the Trustees of Horsham Matters Limited ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2025.

This report is made solely to the charity's Trustees in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees for my work or for this report.

Responsibilities and basis of report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts 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, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company'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 I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I 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 company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: h he aa #, f te wit { L. e Dated: 17 November 2025

Lucy Hammond BSc FCA

Kreston Reeves LLP, Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG

Page 34

Horsham Matters Limited

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2025

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Investments
4
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
240,285
-
180,686
12,161
402
433,534
267,992
162,475
430,467
3,067
563,898
3,067
566,965		 Restricted
funds
2025
£
14,434
346,812
-
-
-
361,246
12,365
283,408
295,773
65,473
75,223
65,473
140,696		 Total
funds
2025
£
254,719
346,812
180,686
12,161
402
794,780
280,357
445,883
726,240
68,540
639,121
68,540
707,661		 Total
funds
2024
£
224,722
315,863
181,579
9,106
557
731,827
277,034
441,121
718,155
13,672
625,449
13,672
639,121

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 38 to 59 form part of these financial statements.

Page 35

Horsham Matters Limited

(A company limited by guarantee) Registered number: 05796693

Balance sheet As at 31 March 2025

2025 2025 2024
Note £ £
Fixed assets
Tangible assets 10 24,989 41,056
Investments 11 100 100
25,089 41,156
Current assets
Debtors 12 68,873 71,500
Cash at bank and in hand 639,622 676,955
708,495 748,455
Current liabilities
Creditors: amounts falling due within one
year 13 (25,923) (150,490)
Net current assets 682,572 597,965
Total net assets 707,661 639,121
Charity funds
Restricted funds 14 140,696 75,223
Unrestricted funds 14 566,965 563,898
Total funds 707,661 639,121

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.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Mrs L Emery (Chair of Trustees) Date:

The notes on pages 38 to 59 form part of these financial statements.

Page 36

Horsham Matters Limited

(A company limited by guarantee)

Statement of cash flows
For the year ended 31 March 2025
Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 38 to 59 form part of these financial statements		 2025
£
(49,494)
12,161
-
12,161
(37,333)
676,955
639,622		 2024
£
34,576
9,106
(3,083)
6,023
40,599
636,356
676,955

Page 37

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

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

Horsham Matters Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

A summary of the significant accounting policies is set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Consolidation

The charity and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided by section 399 of the Companies Act 2006 and section 24 of the SORP not to prepare group financial statements.

1.3 Company status

The charity is a company limited by guarantee and registered in England and Wales. The registered address and company number is listed on the reference and administrative details of charity, its trustees and advisers page.

1.4 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements.

Page 38

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

1. Accounting policies (continued)

1.5 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.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from other trading activities arises mainly from the sale of donated goods. It is impracticable to fair value the stock items due to the volume of the low value items, therefore the sale of donated goods is not recognised in the financial statements until they are sold in line with SORP(FRS 102).

Income from charitable activities is related to performance and is accounted for as the charity earns the right to consideration by its performance.

Where income is received in relation to future periods it is included in the accounts as deferred income.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with SORP (FRS 102). Further detail is given in the Trustees' Annual Report.

1.6 Grants

Grants are accounted for under the performance model. Grant income is recognised as follows:

Grants are allocated to unrestricted reserves unless there is a specific restriction placed on the grant by the donor and are carried forward to future periods if the provision of service spans the financial year.

Page 39

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

1. Accounting policies (continued)

1.7 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.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Irrecoverable VAT is charged as an expense and is allocated to the cost of generating shop income and the cost of charitable activities on an equal basis.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

1.8 Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of generating shop income and expenditure on charitable activities on a basis consistent with use of resources.

1.9 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.10 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 40

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

1. Accounting policies (continued)

1.11 Tangible fixed assets and depreciation

Tangible fixed assets costing £250 or more 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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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

Depreciation is provided on the following bases:

Short-term leasehold property - 5 and 15 years
Motor vehicles - 3 years
Computer equipment - 3 years
Skate ramps - 5 years

1.12 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

1.13 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.14 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.15 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.

Page 41

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

1. Accounting policies (continued)

1.16 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.

1.17 Operating lease commitments

Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.

1.18 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

1.19 Other employee benefits

When employees have rendered a service to the charity, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Settlement costs are recognised when notice has been given to the employee.

1.20 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.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

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.

Page 42

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

2. Income from donations and legacies

Unrestricted
funds
2025
£
Donations
240,285
Unrestricted
funds
2024
£
Donations
196,546		 Restricted
funds
2025
£
14,434
Restricted
funds
2024
£
28,176		 Total
funds
2025
£
254,719
Total
funds
2024
£
224,722

3. Income from charitable activities

Charitable activities
Charitable activities		 Restricted
funds
2025
£
346,812
Restricted
funds
2024
£
315,863		 Total
funds
2025
£
346,812
Total
funds
2024
£
315,863

Page 43

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

4. Investment income

Unrestricted
funds
2025
£
Interest receivable
12,161
Unrestricted
funds
2024
£
Interest receivable
9,106
5.
Independent examiner's remuneration
2025
£
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
2,700
Fees payable to the company's independent examiner in respect of:
Preparation of financial statements
2,675
Advisory services not included above
-
6.
Staff costs		 Total
funds
2025
£
12,161
Total
funds
2024
£
9,106
2024
£
2,600
2,650
950
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
354,748
23,437
7,224
385,409		 2024
£
349,227
22,078
6,894
378,199

Page 44

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

6. Staff costs (continued)

The average number of persons employed by the company during the year was as follows:

Raising funds
Charitable activities
Support		 2025
No.
5
9
7
21		 2024
No.
7
11
1
19

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

In the band £60,001 - £70,000
Key Management Personnel
Wages and salaries
Social security costs
Other pension costs		 2025
No.
1
2025
£
94,437
10,522
2,077
107,036		 2024
No.
-
2024
£
82,700
9,007
2,024
93,731

The charity considers its key management personnel during the year to be the Managing Director and Deputy Charity Manager (2024: Managing Director and Operations Manager).

Page 45

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

7. Analysis of expenditure - cost of raising funds

Shop expenses
Wages
Social security
Employer pension contribution
Premises expenses
Light and heat
Vehicle running costs
Telephone
Sundry expenses
Insurance
Accountancy fees
Other legal and professional fees
Bank charges
Depreciation
Cost of raising voluntary income		 Direct costs
2025
£
16,710
84,564
3,913
1,697
88,301
7,717
7,304
1,030
493
1,857
-
-
3,067
4,017
1,754
222,424		 Support
costs
2025
£
-
37,787
4,461
793
7,667
-
-
-
-
-
5,077
2,148
-
-
-
57,933		 Total
funds
2025
£
16,710
122,351
8,374
2,490
95,968
7,717
7,304
1,030
493
1,857
5,077
2,148
3,067
4,017
1,754
280,357

Page 46

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

Shop expenses
Wages
Social security
Employers pension contribution
Premises expenses
Light and heat
Vehicle running costs
Telephone
Sundry expenses
Insurance
Accountancy fees
Other legal and professional fees
Bank charges
Depreciation
Costs of raising voluntary income		 Direct costs
2024
£
12,707
94,460
4,402
1,694
79,444
9,150
11,098
1,114
53
1,794
-
-
2,983
6,617
1,820
227,336		 Support
costs
2024
£
-
29,447
3,373
726
6,209
-
-
-
-
-
6,711
3,232
-
-
-
49,698		 Total
funds
2024
£
12,707
123,907
7,775
2,420
85,653
9,150
11,098
1,114
53
1,794
6,711
3,232
2,983
6,617
1,820
277,034

Included in costs of raising funds is restricted expenditure of £12,365 (2024: £1,845).

Page 47

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

8. Analysis of expenditure - charitable activities

Wages
Social security
Employers pension contribution
Crisis direct expenses
Foodbank direct expenses
Premises expenses
Light and heat
Vehicle running costs
Project costs
Telephone
Printing, postage and stationery
Sundry expenses
Office expenses
Insurance
Travel and subsistence
Staff training and welfare
Accountancy fees
Other legal and professional fees
Depreciation		 Direct costs
2025
£
207,206
12,089
4,206
23,937
41,443
51,259
1,929
14,832
6,645
1,029
4,007
11,266
7,920
2,786
1,098
3,869
-
-
12,050
407,571		 Support
costs
2025
£
25,191
2,974
528
-
-
1,917
-
-
-
-
-
-
-
-
-
-
5,077
2,625
-
38,312		 Total
funds
2025
£
232,397
15,063
4,734
23,937
41,443
53,176
1,929
14,832
6,645
1,029
4,007
11,266
7,920
2,786
1,098
3,869
5,077
2,625
12,050
445,883

Page 48

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

Wages
Social security
Employers pension contribution
Crisis direct expenses
Foodbank direct expenses
Premises expenses
Light and heat
Vehicle running costs
Project costs
Telephone
Printing, postage and stationery
Sundry expenses
Office expenses
Insurance
Travel and subsistence
Staff training and welfare
Accountancy fees
Other legal and professional fees
Depreciation		 Direct costs
2024
£
205,870
12,054
3,809
13,209
38,409
49,513
2,287
22,533
301
1,114
3,663
37
26,785
2,691
1,061
3,355
-
-
19,852
406,543		 Support
costs
2024
£
19,631
2,249
484
-
-
1,552
-
-
-
-
-
-
-
-
-
-
6,711
3,951
-
34,578		 Total
funds
2024
£
225,501
14,303
4,293
13,209
38,409
51,065
2,287
22,533
301
1,114
3,663
37
26,785
2,691
1,061
3,355
6,711
3,951
19,852
441,121

Included within costs of charitable activities is restricted expenditure of £283,408 (2024: £389,196).

Included within costs of charitable activities are governance costs of £5,375 (2024: £6,200) relating to accountancy fees.

Page 49

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £Nil).

10. Tangible fixed assets

Cost or valuation
At 1 April 2024
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Skate ramp
£
24,101
24,101
24,101
-
24,101
-
-		 Motor
vehicles
£
45,464
45,464
45,464
-
45,464
-
-		 Building
alterations
£
111,597
111,597
75,503
13,380
88,883
22,714
36,094		 Computer
equipment
£
47,204
47,204
42,242
2,687
44,929
2,275
4,962		 Total
£
228,366
228,366
187,310
16,067
203,377
24,989
41,056

Page 50

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

11. Fixed asset investments

Cost or valuation
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Investments
in
subsidiary
companies
£
100
100
100
100

Principal subsidiaries

The following was a subsidiary undertaking of the company:

Name Company Registered office or principal Principal activity
number place of business
Horsham Matters Trading Limited 07100984 1 Redkiln Close, Horsham, RH13 Dormant
5QL

Holding

100%

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit for Net assets
£ £ the year £
£
Horsham Matters Trading Limited 2 (756) 758 793

Page 51

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

12. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 2025
£
10,240
-
4,716
53,917
68,873		 2024
£
5,315
967
3,988
61,230
71,500

13. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
8,551
8,807
1,619
6,946
25,923		 2024
£
13,761
6,452
14,255
116,022
150,490

Included within other creditors is £209 (2024: £12,951) in respect of cash held on behalf of the Food Partnership Group. This initiative was set up during 2024 by Horsham Matters and Age UK, Pulborough Pantry, Upper Beeding Hub and Wholeome Warehouse, addressing food poverty across the district. The associated cash movements are recorded separately by Horsham Matters as they arise.

Deferred income is in relation to grants for the provision of services received in advance.

Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods		 2025
£
109,918
-
(109,918)
-		 2024
£
111,577
136,943
(138,602)
109,918

Page 52

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

14. Statement of funds

Statement of funds - current year


Unrestricted funds
Designated funds
Food provision
General funds
General Fund
Total Unrestricted funds
Restricted funds
Fuel Poverty
Crisis
Foodbank
Horsham Churches Together
Household storage
Hub On The Move
Sussex Community Foundation
Young Peoples Support
Advice Project
Total of funds		 Balance at 1
April 2024
£
75,000
488,898
563,898
11,508
11,956
33,178
1,818
1,471
6,000
7,000
2,292
-
75,223
639,121		 Income
£
-
433,534
433,534
259
23,175
320,523
14,434
-
1,780
-
-
1,075
361,246
794,780		 Expenditure
£
-
(430,467)
(430,467)
(11,218)
(35,131)
(248,277)
-
(72)
-
-
-
(1,075)
(295,773)
(726,240)		 Balance at
31 March
2025
£
75,000
491,965
566,965
549
-
105,424
16,252
1,399
7,780
7,000
2,292
-
140,696
707,661

Page 53

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Food provision
General funds
General Fund
Total Unrestricted funds		 Balance at
1 April 2023
£
75,000
428,224
503,224		 Income
£
-
387,788
387,788		 Expenditure
£
-
(327,114)
(327,114)		 Transfers
in/out
£
-
-
-		 Balance at
31 March
2024
£
75,000
488,898
563,898

Page 54

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

14. Statement of funds (continued)

Restricted funds
Fuel Poverty
Moto in the Community Trust
Crisis
Foodbank
Night Shelter
Horsham Churches Together
Household storage
Hub On The Move
WSCC citizens advice debt
adviser
Sussex Community Foundation
Refugee/Asylum Seeker
Support
Sussex Community Foundation
- Rent
Young Peoples Support
Total of funds		 Balance at
1 April 2023
£
5,627
260
-
85,075
11,956
884
1,471
-
9,952
7,000
-
-
-
122,225
625,449		 Income
£
9,817
-
15,965
289,081
-
15,834
-
6,000
-
-
50
5,000
2,292
344,039
731,827		 Expenditure
£
(3,936)
(260)
(15,965)
(340,978)
-
(14,900)
-
-
(9,952)
-
(50)
(5,000)
-
(391,041)
(718,155)		 Transfers
in/out
£
-
-
11,956
-
(11,956)
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
11,508
-
11,956
33,178
-
1,818
1,471
6,000
-
7,000
-
-
2,292
75,223
639,121

Page 55

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

14. Statement of funds (continued)

Unrestricted funds

The unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

The individual restricted funds are as follow:

Fuel Poverty

Funds received towards fuel voucher to support those in fuel poverty.

Crisis Fund

Funding received to provide essentials and household items to those facing difficulties.

Refugee/Asylum Seeker Support

Funds to support Refugees/Asylum Seekers with specific essential items.

Foodbank

Food provision including food parcels, meals and school holiday parcels. The fund includes, but is not limited to, Trussell Trust funding to support the foodbank’s Pathfinder work.

Household Storage

Funds received to support those facing eviction with the temporary storage of their items.

Night Shelter

Funds donated towards homelessness. These funds have been transferred to the Crisis fund which is used to support those facing housing crisis or moving in to temporary accommodation having been homeless or at risk of homelessness.

Horsham Churches Together

Funding to support the work of Horsham Churches Together.

Hub on the Move

Funding for the mobile foodbank.

Sussex Community Foundation

Funding restricted in accordance with the grant funding applications.

Young Peoples Support

Funding to support young people across the district.

Page 56

Horsham Matters Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

14. Statement of funds (continued)

Advice Project

Our support programme at Horsham Matters is designed to address the root causes of financial hardship, with the ultimate goal of ending the need for food banks. Rather than offering short-term relief alone, we work with clients to build long-term financial stability. Our friendly and knowledgeable advisors provide tailored support, including helping clients to maximise their income, reviewing expenditure, and creating sustainable budgets. Where additional help is required, we signpost individuals to specialist services to ensure they receive the right support at the right time. This approach not only reduces reliance on emergency food provision but also empowers people to take control of their financial future, creating lasting impact in the community. The restricted funding of £1 067 contributed towards the running costs of this project, including our Support on the Move vehicle, which enables us to take these vital services directly into the community across the Horsham district, reaching those who might otherwise struggle to access support.

Designated fund

The designated fund has been set aside to support the provision of food during 2025-2026.

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
24,989
Fixed asset investments
100
Current assets
567,799
Creditors due within one year
(25,923)
Total
566,965		 Restricted
funds
2025
£
-
-
140,696
-
140,696		 Total
funds
2025
£
24,989
100
708,495
(25,923)
707,661

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
41,056
100
673,232
(150,490)
563,898		 Restricted
funds
2024
£
-
-
75,223
-
75,223		 Total
funds
2024
£
41,056
100
748,455
(150,490)
639,121

Page 57

Horsham Matters Limited (A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

16. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
17.
Analysis of cash and cash equivalents
Cash in hand
18.
Analysis of changes in net debt
At 1 April
2024
£
Cash at bank and in hand
676,955
19.
Operating lease commitments		 2025
£
68,540
16,067
(12,161)
2,627
(124,567)
(49,494)
2025
£
639,622
Cash flows
£
(37,333)		 2024
£
13,672
26,470
(9,106)
(14,512)
18,052
34,576
2024
£
676,955
At 31 March
2025
£
639,622

At 31 March 2025 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Within 1 year
Between 1 and 5 years
Total		 2025
£
100,000
55,082
155,082		 2024
£
100,000
155,082
255,082

Page 58

Horsham Matters Limited

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 March 2025

20. Related party transactions

During the year the charity received donations without conditions from trustees totalling £600 (2024: £600).

Horsham Matters Trading Limited 100% owned subsidiary

During the year the charity received donations totalling £Nil (2024: £Nil) from Horsham Matters Trading Limited.

At the balance sheet date the amount due from Horsham Matters Trading Limited totalled £Nil (2024: £967).

21. Post balance sheet events

After the reporting date, the directors of the Charity's subsidiary, Horsham Matters Trading Limited, decided to dissolve the company. As at the date the financial statements are signed, a request for voluntary strike-off has been submitted.

22. Ultimate Controlling party

In the opinion of the trustees, the charity is controlled by them.

23. Share Capital

The charity is a company limited by guarantee and not having a share capital. Each member is a guarantor in the sum of £1. The trustees are all members.

Page 59