| Trustees | I Moore | |||||
|---|---|---|---|---|---|---|
| G Scott | ||||||
| G Emerson | ||||||
| M Hurst | ||||||
| N Pendleton | ||||||
| A Chequers | ||||||
| C Linden | ||||||
| N Hussain | ||||||
| Secretary | Ms A Barker-Davies | |||||
| 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 | ||||
| St Leonards | 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 | ||
|---|---|---|
| Chair'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 | 19-32 |
| Current financial year | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | ||||
| general | designated | |||||
| 2023 | 2023 | 2023 | 2023 | 2022 | ||
| Notes | f. | |||||
| Income and endowments | from: | |||||
| Oonations and legacies |
143 | 842,066 | 842,209 | 525,915 | ||
| Charitable activities |
4,339,642 | 4,339,642 | 3,907,257 | |||
| Investments | 7,484 | 7,484 | 467 | |||
| Other income | 15,600 | 15,600 | 34,672 | |||
| Total income | 4,362,869 | 842,066 | 5,204,935 | 4,468,311 | ||
| Ex enditure on: | ||||||
| Charitable activities |
6 | 4,251,478 | 3,777 | 724 | 4,255,979 | 3,938,336 |
| Net incoming resources | before transfers | 111,391 | (3,777) | 841,342 | 948,956 | 529,975 |
| Gross transfers between |
funds | 9,151 | (9,151) | |||
| Net income for the yearl | ||||||
| Net movement in funds |
120,542 | (12,928) | 841,342 | 948,956 | 529,975 | |
| Fund balances at 1 April 2022 | 1,451,578 | 254,457 | 510,726 | 2,216,761 | 1,686,786 | |
| Fund balances at 31 March 2023 | 1,572,120 | 241,529 | 1,352,068 | 3,165,717 | 2,216,761 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | f | |||||
| Fixed assets | ||||||
| Tangible assets | 1,347,813 | 519,928 | ||||
| Current assets | ||||||
| Debtors | 12 | 360,576 | 537,599 | |||
| Cash at bank and in | hand | 1,864,541 | 1,438,537 | |||
| 2,225,117 | 1,976,136 | |||||
| Creditors: amounts | falling due within | |||||
| one year | 13 | (407,213) | (279,303) | |||
| Net current assets | 1,817,904 | 1,696,833 | ||||
| Total assets less current liabilities | 3,165,717 | 2,216,761 | ||||
| Income funds | ||||||
| Restricted funds | 15 | 1,352,068 | 510,726 | |||
| Unrestricted funds - |
designated | 241,529 | 254,457 | |||
| Unrestricted funds - |
general | 16 | 1,572,120 | 1,451,578 | ||
| 3,165,717 | 2,216,761 |
| Prior financial | year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Total | ||||
| funds | funds | funds | |||||
| general | designated | ||||||
| 2022 | 2022 | 2022 | 2022 | ||||
| Notes | Z | ||||||
| Income and endowments | from: | ||||||
| Donations and |
legacies | 159 | 525,756 | 525,915 | |||
| Charitable activities |
3,907,257 | 3,907,257 | |||||
| Investments | 467 | 467 | |||||
| Other income | 34,672 | 34,672 | |||||
| Total income | 3,942,555 | 525,756 | 4,468,311 | ||||
| Ex nditure on: |
|||||||
| Charitable activities |
3,850,989 | 67,317 | 20,030 | 3,938,336 | |||
| Net incoming | resources | before transfers | 91,566 | (67,317) | 505,726 | 529,975 | |
| Gross transfers | between | funds | (59,045) | 59,045 | |||
| Net income for the year/ | |||||||
| Net movement | in funds | 32,521 | (8,272) | 505,726 | 529,975 | ||
| Fund balances | at 1 April 2021 | 1,419,057 | 262,729 | 5,000 | 1,686,786 | ||
| Fund balances | at 31 March 2022 | 1,451,578 | 254,457 | 510,726 | 2,216,761 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | f | ||||||||
| Cash flows from operating | activities | ||||||||
| Cash generated | from operations | 20 | 1,249,198 | 350,831 | |||||
| Investing | activities | ||||||||
| Purchase | oftangible fixed assets |
(830,678) | {510,000) | ||||||
| Proceeds | from | disposal oftangible | fixed | ||||||
| assets | 19,600 | ||||||||
| Investment | income received | 7,484 | 467 | ||||||
| Net cash | used | in investing | activities | {823,194) | (489,933) | ||||
| Net cash | used | in financing | activities | ||||||
| Net increase/(decrease) in |
cash | and cash | |||||||
| equivalents | 426,004 | (139,102) | |||||||
| Cash and | cash | equivalents | at beginning | ofyear | 1,438,537 | 1,577,639 | |||
| Cash and | cash | equivalents | at end of | year | 1,864,541 | 1,438,537 |
| Rental | Rental | ||||
|---|---|---|---|---|---|
| activities | activities | ||||
| 2023 | 2022 | ||||
| f. | |||||
| Charitable | rental | income | 4,339,642 | 3,907,257 | |
| 4 | Investments |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2023 | 2022 | |||
| Interest | receivable | 7,484 | 467 | |
| 5 | Other | income |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| general | general | ||||
| 2023 | 2022 | ||||
| K | |||||
| Net gain on | disposal | oftangible | fixed assets | 10,262 | |
| Rental of premises | 5,895 | ||||
| Recharged | services | 15,600 | 18,515 | ||
| 15,600 | 34,672 |
| Rental | Rental | ||||
|---|---|---|---|---|---|
| Activities | Activities | ||||
| 2023 | 2022 | ||||
| K | |||||
| Staff costs | 656,237 | 509,521 | |||
| Depreciation | and impairment | 2,793 | 3,831 | ||
| Charitable | expenditure | 3,425,659 | 3,245,487 | ||
| 4,084,689 | 3,758,839 | ||||
| Share of | support costs (see note 7) | 154,456 | 125,893 | ||
| Share of | governance | costs (see note 7) | 16,834 | 53,604 | |
| 4,255,979 | 3,938,336 | ||||
| Analysis | by | fund | |||
| Unrestricted | funds - general | 4,251,478 | 3,850,989 | ||
| Unrestricted | funds - designated | 3,777 | 67,317 | ||
| Restricted | funds | 724 | 20,030 | ||
| 4,255,979 | 3,938,336 |
| Support costs | ||||||
|---|---|---|---|---|---|---|
| Support | Governance | 2023 | Support | Governance | 2022 | |
| costs | costs | costs | costs | |||
| f. | ||||||
| Staff costs | 115,807 | 115,807 | 89,916 | 89,916 | ||
| Motor &travel | 6,837 | 6,837 | 9,379 | 9,379 | ||
| General office costs | 462 | 462 | ||||
| Printing, postage and |
||||||
| stationery | 6,368 | 6,368 | 3,130 | 3,130 | ||
| ITcosts | 16,983 | 16,983 | 15,011 | 15,011 | ||
| Communications | 812 | 812 | 1,060 | 1,060 | ||
| Insurance | 5,297 | 5,297 | 5,037 | 5,037 | ||
| General expenses | 1,513 | 1,513 | 1,185 | 1,185 | ||
| Bank charges | 839 | 839 | 713 | 713 | ||
| Audit fees | 4,754 | 4,754 | 6,540 | 6,540 | ||
| Accountancy | 2,024 | 2,024 | ||||
| Legal and professional | 12,080 | 12,080 | 27,218 | 27,218 | ||
| Governance costs |
17,822 | 17,822 | ||||
| 154,456 | 16,834 | 171,290 | 125,893 | 53,604 | 179,497 | |
| Analysed between |
||||||
| Charitable activities |
154,456 | 16,834 | 171,290 | 125,893 | 53,604 | 179,497 |
| 9 | Employees | (Continued) | |
|---|---|---|---|
| Employment costs |
2023 | 2022 | |
| f. | f. | ||
| Wages and salaries | 680,797 | 520,955 | |
| Social security costs | 69,128 | 56,064 | |
| Other pension costs | 22,119 | 22,418 | |
| 772,044 | 599,437 |
| 2023 | 2022 |
|---|---|
| Number | Number |
| Tangible fix | ed asset | s | ||||
|---|---|---|---|---|---|---|
| Freehold | Plant and | Motor | Total | |||
| land and | equipment | vehicles | ||||
| buildings f |
f | |||||
| Cost | ||||||
| At 1 April 2022 | 510,000 | 73,348 | 583,348 | |||
| Additions | 829,219 | 1,459 | 830,678 | |||
| At 31 March | 2023 | 1,339,219 | 1,459 | 73,348 | 1,414,026 | |
| Depreciation | and impairment | |||||
| At 1 April 2022 | 63,420 | 63,420 | ||||
| Depreciation | charged | in the year | 311 | 2,482 | 2,793 | |
| At 31 March | 2023 | 311 | 65,902 | 66,213 | ||
| Carrying amount |
||||||
| At 31 March | 2023 | 1,339,219 | 1,148 | 7,446 | 1,347,813 | |
| At 31 March | 2022 | 510,000 | 9,928 | 519,928 |
| Debtors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Amounts falling due within one year: |
K | ||
| Trade debtors | 281,881 | 437,434 | |
| Other debtors | 2,006 | 4,007 | |
| Prepayments | and accrued income | 76,689 | 96,158 |
| 360,576 | 537,599 |
| Creditors: am | ounts f |
alling due within one year | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| F | ||||
| Other taxation | and social security | 16,322 | 15,835 | |
| Trade creditors | 76,433 | 48,702 | ||
| Other creditors | 3,834 | 3,834 | ||
| Accruals and deferred | income | 310,624 | 210,932 | |
| 407,213 | 279,303 |
| Movement | in funds | Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |||
| 1 April 2021 | resources | expended | 1April 2022 | resources | expended | 31 | March 2023 | ||
| f. | |||||||||
| Digital | |||||||||
| Inclusion | fund | 5,000 | (4,276) | 724 | (724) | ||||
| NHS Property | |||||||||
| fund | 525,756 | (15,754) | 510,002 | 842,066 | 1,352,068 | ||||
| 5,000 | 525,756 | (20,030) | 510,726 | 842,066 | (724) | 1,352,068 |
| Balance at 1 April 2021 f |
Resources expendedf |
Transfers | Balance at 1 April 2022 f |
Resources expended |
Transfers 31 |
Balance at March 2023 |
|
|---|---|---|---|---|---|---|---|
| Grant Giving | 52,022 | (6,215) | 45,807 | (45,807) | |||
| End of Lease Liability Fund Hardship fund |
210,707 | (61,102) | 59,045 | 208,650 | (3,777) | 26,386 10,000 |
231,259 10,000 |
| 262,729 | (67,317) | 59,045 | 254,457 | (3,777) | (9,421) | 241,259 |
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| LI | tOP | U |
| 2023 | 2022 | |
|---|---|---|
| Within one year | 449,321 | 390,322 |
| Between two and five years | 283,364 | 524,979 |
| 732,685 | 915,301 |
| 2023 | 2022 | ||
|---|---|---|---|
| f. | |||
| Aggregate | compensation | 321,814 | 306,418 |
| 20 | Cash generated from |
operations | 2023 | 2022 | |||
|---|---|---|---|---|---|---|---|
| Surplus for the year | 948,956 | 529,9?5 | |||||
| Adjustments for: |
|||||||
| Investment income recognised in statement |
offinancial | activities | (7,484) | (467) | |||
| Gain on disposal oftangible fixed assets |
(10,262) | ||||||
| Depreciation and impairment oftangible |
fixed assets | 2,793 | 3,831 | ||||
| Movements in working |
capital: | ||||||
| Decrease/(increase) in |
debtors | 177,023 | (185,689) | ||||
| Increase in creditors |
127,910 | 13,443 | |||||
| Cash generated from |
operations | 1,249,198 | 350,831 |