2021-03-31-accounts

Trustees		I Moore
		G Scott CEO
		G Emerson				(Appointed	7 May 2020)
		M Hurst				(Appointed	7 May 2020)
		R Nlilkinson
		LWorrall
		N Pendleton				(Appointed	25 February
						2021)
Charity number		1118922
Company	number	06082488
Principal address		Innovation	Centre Highfield		Drive
		Churchfields	Industrial	Estate
		St Leonards on Sea
		East Sussex
		TN38 9UH
Registered	office	Innovation	Centre Highfield		Drive
		Churchfields	Industrial	Estate
		StLeonards on Sea
		East Sussex
		TN38 9UH
Auditor		Knill James	LLP
		One Bell Lane
		Lewes
		East Sussex
		BN7 1JU
Bankers		Lloyds Bank PLC
		24 Broad Street
		Reading
		RG1 2BT

		Page
Chairman's statement
Trustees' report		2-10
Statement ofTrustees' responsibilities
Independent auditor's	report	12 - 14
Statement offinancial	activities	15-16
Balance sheet		17
Statement ofcash flows		18
Notes to the financial statements		19-31

Current financial year
		Unrestricted	Unrestricted	Restricted	Total	Total
		funds	funds	funds
		general	designated
		2021	2021		2021	2020
						as restated
	Notes
Donations and legacies				5,000	5,000
Charitable activities		3,737,107			3,737,107	3,598,431
Investments		1,005	22		1,027	6,665
Other income		45,600			45,600
Total income		3,783,712	22	5,000	3,788,734	3,605,096
Charitable activities	7	3,662,395	8,000		3,670,395	3,682,324
Net incomingI(outgoing) before transfers	resources	121,31?	(7,978)	5,000	118,339	(77,228)
Gross transfers between	funds	17,117	(17,117)
Net incomeI(expenditure)	forthe yearl
Net movement in funds		138,434	(25,095)	5,000	118,339	(77,228)
Fund balances at 1 April	2020	1,280,623	287,824		1,568,447	1,645,675
Fund balances at 31 INarch 2021		1,419,05?	262,729	5,000	1,686,786	1,568,447

Prior financial	year
				Unrestricted	Unrestricted		Total
				funds		funds
				general		designated
				2020		2020	2020
							as restated
			Notes
Charitable activities				3,598,431			3,598,431
Investments				6,665			6,665
Total income				3,605,096			3,605,096
Charitable activities				3,682,324			3,682,324
Net incomingl(outgoing)		resources before transfers		(77,228)			(77,228)
Gross transfers	between	funds		(60,000)		60,000
Net income/(expenditure)		forthe yearl
Net movement	in funds			(137,228)		60,000	(77,228)
Fund balances	at 1 April	2019		1,417,851		227,824	1,645,675
Fund balances	at31 iiitarch 2020			1,280,623		287,824	1,568,447

				2021		2020
						as restated
			Notes
Fixed assets
Tangible assets					23,097		30,946
Current assets
Debtors			12	351,910		337,418
Cash at bank	and in	hand		1,577,639		1,389,337
				1,929,549		1,726,755
Creditors: amounts		falling due within
one year			13	(265,860)		(189,254)
Net current assets					1,663,689		1,537,501
Total assets	less current liabilities				1,686,786		1,568,447
Income funds
Restricted funds			15		5,000
Unrestricted	funds -	designated			262,729		287,824
Unrestricted	funds -	general			1,419,057		1,280,623
					1,686,786		1,568,447

					2021		2020
			Notes
Cash flows from operating		activities
Cash generated from/(absorbed by) operations			20			187,275		(34,848)
Investing	activities
Purchase	oftangible fixed assets						(8,0003
Investment	income received			1,027			6,665
Net cash investing	generated from/{used in} activities					1,027		(1,335)
Net cash	used in flnancing	activities
Net increase/(decrease) in equivalents		cash and cash				188,302		(36,183)
Cash and	cash equivalents	at beginning	ofyear			1,389,337		1,425,520
Cash and	cash equivalents	at end of	year			1,577,639		1,389,33?

4	Charitable	activities
	Charitable	rental income
5	Investments

Rental	Rental
activities	activities
2021f	2020
3,737,107	3,598,431

5	Investments
		Unrestricted	Unrestricted	Total	Unrestricted
		funds	funds		funds
		general	designated		general
		2021	2021		2020
		f			E
	Interest receivable	1,005	22	1,027	6,665
6	Other income
				Unrestricted	Total
				funds
				general
				2021	2020
	Rental ofpremises			30,000
	Recharged services			15,600
				45,600

Charitable a	ctivities
			Rental	Rental
			Activities	Activities
			2021	2020
			F
Staffcosts			464,013	414,512
Depreciation and impairment Chantable expenditure			7,84S 3,068,636	7,948 3,132,803
			3,540,498	3,555,263
Share ofsupport costs (see note 8} Share ofgovernance costs (see note 8)			107,486 22,411	98,68S 28,372
			3,670,395	3,682,324
Analysis by Unrestricted	fund funds - general		3,662,395	3,682,324
Unrestricted	funds - designated		8,000
			3,670,395	3,682,324

8	Support costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
	Staff costs	81,885		81,885	73,290		73,290
	Motor &travel	3,642		3,642	1,723		1,723
	General oflice costs	1,893		1,893	6,587		6,587
	Printing, postage and stationery	3,264		3,264	3,128		3,128
	ITcosts	9,642		9,642	8,891		8,891
	Communications	1,228		1,228	1,976		1,976
	Insurance	3,966		3,966	470		470
	General expenses	1,319		1,319	2,463		2,463
	Bank charges	647		647	161		161
	Audit fees		6,240	6,240		3,780	3,780
	Accountancy Legal and professional		1,268 14,903	1,268 14,903		1,680 22,912	1,680 22,912
		107,486	22,411	129,897	98,689	28,372	127,061
	Analysed between Charitable activities	107,486	22,411	129,897	98,689	28,372	127,061

The a	verag	e monthly number ofemployees during th	e year was;
			2021	2020
			Number	Number
Office	and	administration	12

10	Employees							(Continued)
	Employment costs						2021	2020
							E
	Wages and salaries Social security costs						4?7,074 48,032	428,490 39,978
	Other pension costs						20,792	19,334
							545,898	487,802
	The number of employees		whose	annual	remuneration	was f60,000 or
	more were:
							2021	2020
							Number	Number
	f60,001to 870,000 F70,001tof80,000						1 1	1
	f100,001to 6110,000
	6110,001tof120,000
11	Tangible fixed assets
								Motor vehicles
	Cost
	At 1 April 202D							105,633
	At 31 March 2021							105,633
	Depreciation and impairment At 1Apn1 2020 Depreciation charged in the year							74,68? 7,849
	At 31 March 2021							82,536
	Carrying amount At 31 March 2021							23,097
	At 31 March 2020							30,946

12	Debtors
				2021	2020
					as restated
	Amounts falling due		within one year:
	Trade debtors			230,645	247,847
	Prepayments	and accrued income		121,265	89,571
				351,910	337,418
13	Creditors: amounts		falling due within one year
				2021	2020
					as restated
	Other taxation	and social security		13,220	12,054
	Trade creditors			19,297	25,144
	Other creditors			3,834	3,834
	Accruals and	deferred	income	229,509	148,222
				265,860	189,254

donatio	ns and g	rants held on tru	st for specific	purposes	:
					ilovement		Ilovement
					in funds		in funds
				Balance at	Incoming	Balance at	Incoming	Bahnce at
			1	April 2019	resources	1April 2020	resources 91 laarch 2021
				E			F
Digital	Inclusion	fund					5,000	5,000

unrestricted funds by the	trustees for speci	fic purposes:
	Movement		Movement		in funds
	in funds
	Incoming lese Ufees	Balance at 1April 2020	Incoming resoUrces	Resources expended		Transfers 31	Balance at March 2021
		E	E		K	f.
Grant Giving		60,000	22		(8,000)		52,022
End ofLease Liability Fund		227,824				(17,117)	210,707
		287,824	22		(8,000)	(17,117)	262,729

20	Cash generated from operations				2021	2020
	Surplus/(deficit) for the year				118,339	(77,228)
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(1,027)	(6,665}
	Depreciation and impairment oftangible fixed assets				7,849	7,948
	Movements in working capital:
	(Increase} in debtors Increase in creditors				(14,492) 76,606	{53,393) 92,432
	{Decrease) in provisions					2,058
	Cash generated from/(absorbed	by) operations			187,275	(34,848)
21	Analysis ofchanges in net funds
	The charitable company had no debt during		the year.

		At	31 Nlarch 2020
		As previously	Adjustment	As	restated
		reported
Current assets
Debtors due within one year		344,462	(7,044)		337,418
Creditors due	within one year
Other creditors		(89,980)	(87,220)	(177,200)
Provisions for	liabilities
Other provisions		(227,824)	227,824
Net assets		1,434,887	133,560	1,568,447
income funds
designated			287,824		287,824
General unrestricted funds		1,434,887	{154,264)	1,280,623
		1,434,887	133,560	1,568,447
Changes to the profit and loss account
		Period ended 31Ilarch		2020
		As previously	Adjustment	As	restated
		reported	f		E
Income from:
Charitable activities		3,581,255	17,176	3,598,431
Expenditure on:
Charitable activities		3,570,884	111,440	3,682,324
Net movement	in funds	17,036	{94,264)		(77,228)