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|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|||||
##
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|||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|
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|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|
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||||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|
##
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|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|
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|||||||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|
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|||||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|
##
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|||||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|
##
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|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|
##
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##
|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|
##
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##
|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|
##
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##
||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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||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|