OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-10-31-accounts

REGISTERED CHARITY NUMBER: 1192000

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CULTURE SHIFT

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

CULTURE SHIFT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17 to 18

CULTURE SHIFT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of 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).

This is the fourth report for Culture Shift which became a CIO after 10 years of operating as a Community Interest Company.

OBJECTIVES AND ACTIVITIES

Objectives and aims

Culture Shift aims to create positive change in our communities through activities led by professional creatives.

We believe that through working with people with lived experience, we can curate programmes that are meaningful and have impact. We support marginalised adults, children and young people to achieve their potential through activity delivered with education, health and community partners.

Key themes that underpin our work are:

These activities are based in our charitable aims which are to develop arts and creative activity with and for the community which:

  1. Support socially and economically disadvantaged communities in Sussex in such a way that they are better able to identify and help meet their needs and to participate more fully in society.

  2. Promote social inclusion by preventing people from becoming socially isolated and assisting people to integrate into society.

  3. Promote equality and diversity for the public benefit by, for example;

  4. advancing education and raising awareness in equality and diversity;

  5. promoting activities to foster understanding between people from diverse backgrounds;

  6. cultivating culture and practice that promotes equality and diversity

Culture Shift trustees monitor performance on a quarterly basis and measure this against key performance indicators, budget allocation and spend. Trustees have due regard to ensuring that the charity's activities are clearly delivered with public benefit and are in accord with the Charity Commission's guidance on public benefit.

Page 1

CULTURE SHIFT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

OBJECTIVES AND ACTIVITIES

Significant activities

This year has seen continued internal change for the organisation.

The staff team consists of Chief Executive Officer, Chief Operating Officer, Programme Manager and Data and Communications Assistant. In April 2024, our Programme Lead left the organisation and in May our new Programme Assistant started.

The financial year has ended with a deficit but this is seen in the wider context of economic climate and particularly the impact on charitable fundraising. The trustees are focused on the learning that has been gained this year and are confident that the changes that have already been made with ongoing developments moving into the year ahead, are building a strong foundation for future sustainability and growth.

Significant funding developments during this period include;

2023/24: THE YEAR IN NUMBERS

Between November 2023 to October 2024, Culture Shift has:

PERFORMANCE HIGHLIGHTS

o Creative Café events offer opportunities for students to engage with employers and professionals to gain insight and inspiration relating to careers and skills. 6 events were delivered in schools and colleges across the year.

o BOBS (Being Our Best Selves) Skills activity is designed to focus on wellbeing, self confidence and aspiration for young people, particularly those who face personal and educational challenges. 12 sessions were delivered in schools, colleges and in community settings across the year at;

o Being Our Best Selves In Sussex , our creative wellbeing programme focused on learning disabled adults across Sussex continued this year, with ongoing funding from National Lottery Reaching Communities Fund. This programme is informed by a co-production steering group called BOBS Brains which meets regularly with our BOBS coaches to discuss and evaluate the programme aims, content and accessibility. 25 activity sessions were delivered tacross this year.

"BOBS has extended my daughter's social life in such a positive way. This is so important as she is now nearly 30 years old and it is so easy for the world to shrink once those with a disability leave school and still live at home."

Page 2

CULTURE SHIFT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

OBJECTIVES AND ACTIVITIES

o The Delta 7 band celebrated their tenth anniversary in June with a live performance to an audience of 120 friends, family and supporters. We produced a 10 year songbook to mark the anniversary with song lyrics, photographs and memories.

o Carers O Clock sessions provide mental health and wellbeing support for unpaid adult carers across East Sussex, commissioned through the East Sussex County Council Carer's Hub. Led by a creative team, the sessions provide opportunities to meet and engage in activity, offering respite and peer support in a safe and nurturing environment with an added bonus of a freshly cooked lunch and refreshments. This year we delivered 22 sessions in 2 locations - Eastbourne and Uckfield.

"Carers O'clock is the light. It shines through my life, helps me keep my head above water, it allows hope, laughter and joy into my life."

o The Time Travel In Sussex p rogramme engages learning disabled adults and their carers with local heritage. 20 activity sessions were delivered this year at 6 heritage venues across Sussex - Lewes Castle, Anne of Cleves House, Marlipins Museum, Bexhill Museum, Fishbourne Roman Palace and Amberley Museum.

o Our Songs, Our Stories is our pilot project delivering music and arts activity for people with Dementia and those who care for them. This year 10 sessions were delievered in 3 community settings in Newhaven, Sidley and Hastings.

o Voices From The Edge s is our music programme for children and young people, funded by Youth Music and we delivered 13 sessions this year in Newhaven. We also produced a promotional film for the programme, sponsored by Crane Garden Buildings.

FINANCIAL REVIEW

Financial position

Culture Shift received revenue of £212,435 throughout the year. Grants provided totalled £192,820 with remaining income was made up from commissioned services of £76,219 and sundry other income of £14,033.

Expenditure throughout the year amounted to £328,581 and after deducting this from the income the result was a net deficit of £(43,713).

This deficit consisted of £(99,631) within unrestricted funds As at 31 October 2024 the Charity held total reserves of £170,520 of which £11,328 was held in unrestricted funds and £159,192 in restricted funds.

None of the individual funds are in deficit, other than the general fund which is offset by positive balances in the designated funds which remain under the control of the trustees.

Reserves policy

Like many small charities, Culture Shift has limited opportunities to generate unrestricted income. Through careful budget forecasting, strict management of expenditure and adopting full cost recovery where possible, Culture Shift aims to build a reserves fund which will cover 6 months operational costs in the event of the Charity's closure and a free reserves fund to support contingency needs such as IT replacement as well as development funds for piloting new work.

Going concern

Culture Shift has proved itself agile and able to mitigate many of the potential impacts of the past few years, evidencing the ongoing viability of the organisation. Despite a challenging funding environment which has seen some funding coming to an end in 23/24, the trustees have considered the outlook for 24/25 and with the prospect of renewed funding have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, and for at least a minimum of 12 months. On that basis the trustees consider the charity to be a going concern.

Page 3

CULTURE SHIFT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Culture Shift set up as a Charitable Incorporated Organisation on October 28 2020 having operated as a CIC for 9 years previously. The charity has a written constitution that establishes the objects and powers of the charity.

Recruitment and appointment of new trustees

The Board of Trustees acts in the best interests of Culture Shift with reasonable care and skill to ensure that they carry out the purposes of the charity for the public benefit,

Culture Shift trustees are working towards a Trustees Code of Governance which sets out clearly the commitment of the Board to the principles, rationale and expected outcomes of the work of our trustees. The Code of Governance includes the following principles: purpose, leadership, integrity, decision making, risk and control, effectiveness, equality diversity and inclusion, openness and accountability.

New trustees are recruited through personal recommendation, open calls and informed by an audit of current trustee skills to inform recruitment of new trustees.

Prospective trustees meet with the Charity's CEO and on the basis of a good 'fit' for the organisation go on to have an informal interview with two of our trustees. We have produced an induction pack for new trustees which includes everything a new trustee needs to know and access from strategic plan, to policies and programme information.

Organisational structure

Our full Board meets on a quarterly basis. Trustee subgroups meet on an adhoc basis as required to focus on specific tasks. Extraordinary Board meetings are held when needed. We hold an annual Away Day which provides the opportunity to reflect, review progress and focus on topics in more depth than is possible in standard meetings.

Regular line management sessions are held between the Board Chair, the Chief Executive(s) and Chief Operating Officer. Full Board meetings are attended by the Chief Executive Officer and Chief Operating Officer.

Trustees are involved in development and approval of the Charity's business plan and we have robust systems for quarterly progress reporting against Key Performance Indicators (KPIs). Standing agenda items at Board meetings include reporting on progress against our KPIs, review of our current financial position, future budgets and income targets together with cashflow, policy review and risk management. We have full financial regulations in place, including procurement policies and controls for sign off limits for expenditure. We have separate supervision meetings for all staff and support from our accountants.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1192000

Principal Address

The Manor House Moulsecoomb Place Lewes Road BRIGHTON BN2 4GA

Page 4

CULTURE SHIFT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

Trustees

Ms L Palmer Ms L Salway Ms A L Savage Ms A Testar (resigned 1/6/2024) Mr J Pipe Mr S Bottrell Mr A Green Ms L Dennison (appointed 27/5/2025) Mr A Flowers (appointed 18/2/2025) Mr I Noble (appointed 18/2/2025)

Independent Examiner

Dr Shona F Wardrop C.A. Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Approved by order of the board of trustees on ..17 August 2025. and signed on its behalf by:

........................................................................ Andrew Green, Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CULTURE SHIFT

Independent examiner's report to the trustees of Culture Shift

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2024.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

  1. accounting records were not kept in accordance with section 130 of the Charities Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008, 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

  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)).

Dr Shona F Wardrop C.A. The Institute of Chartered Accountants of Scotland

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Date: ....18 August 2025……

Page 6

CULTURE SHIFT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
(1)
Charitable activities
General Charitable
76,219
Investment income
2
1,796
Other income
13,298
Total
91,312
EXPENDITURE ON
Charitable activities
General Charitable
199,796
NET INCOME/(EXPENDITURE)
(108,484)
Transfers between funds
10
8,853
Net movement in funds
(99,631)
RECONCILIATION OF FUNDS
Total funds brought forward
110,959
TOTAL FUNDS CARRIED FORWARD
11,328		 Restricted
funds
£
192,821
-
-
735
193,556
128,785
64,771
(8,853)
55,918
103,274
159,192		 2024
Total
funds
£
192,820
76,219
1,796
14,033
284,868
328,581
(43,713)
-
(43,713)
214,233
170,520		 2023
Total
funds
£
232,992
96,345
1,257
14,955
345,549
361,458
(15,909)
-
(15,909)
230,142
214,233

The notes form part of these financial statements

Page 7

CULTURE SHIFT

BALANCE SHEET 31 OCTOBER 2024

Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
7
19,117
Cash at bank and in hand
7,357
26,474
CREDITORS
Amounts falling due within one year
8
(15,146)
NET CURRENT ASSETS
11,328
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,328
NET ASSETS
11,328
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
159,192
159,192
-
159,192
159,192
159,192		 2024
Total
funds
£
19,117
166,549
185,666
(15,146)
170,520
170,520
170,520
11,328
159,192
170,520		 2023
Total
funds
£
21,052
212,756
233,808
(19,575)
214,233
214,233
214,233
110,959
103,274
214,233

The financial statements were approved by the Board of Trustees and authorised for issue on 17 August 2025 and were signed on its behalf by:

............................................. Andrew Green, Trustee

The notes form part of these financial statements

Page 8

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Going Concern

Culture Shift has proved itself agile and able to mitigate many of the potential impacts of the past few years. Despite a challenging funding environment which saw some funding coming to an end in 23/24, the trustees have considered the more positive outlook for 24/25, and 25/26 and with the prospect of renewed funding have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, and for at least a minimum of 12 months. On that basis the trustees consider the charity to be a going concern..

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations

Donations are accounted for as received. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred until either those conditions are met in full, or their fulfilment is wholly within the control of the charity and it is probable that those conditions will be fulfilled by the reporting period.

Grant income; Income from charitable activities

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific conditions and is recognised as earned. Grant funding included in this category provides funding to support activities and is recognised where there is entitlement, probability of receipt, and the amount can be measured with sufficient reliability

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Expenditure is capitalised only where the item costs in excess of £1,000 or the item has been funded by restricted income. All previously capitalised assets have now been written down to nil

continued...

Page 9

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

1. ACCOUNTING POLICIES - continued

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly the Charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

The charity only has financial assets and 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.

2. INVESTMENT INCOME

INVESTMENT INCOME
2024 2023
£ £
Deposit account interest 1,796 1,257

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.

Trustees' expenses and meeting costs

Trustees' expenses and meeting costs
2024 2023
£ £
Trustees' expenses 127 517

4. STAFF COSTS

Wages and Salaries
Social Security costs (excluding NI allowance)
Pension costs		 Year ended
31/10/24
£
147,712
13,651
13,455		 Year ended
31/10/23
£
149,357
13,273
12,692
175,322
174,818

The total benefits/remuneration of key management personnel, including employers pension contributions and national insurance was £92,138 (2023; £87,125).

continued...

Page 10

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

4. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Management and Project
No employees received emoluments in excess of £60,000.
5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
-
Charitable activities
General Charitable
96,345
Investment income
1,257
Other income
13,814
Total
111,416
EXPENDITURE ON
Charitable activities
General Charitable
134,479
NET INCOME/(EXPENDITURE)
(23,063)
Transfers between funds
(2,278)
Net movement in funds
(25,341)
RECONCILIATION OF FUNDS
Total funds brought forward
136,300
TOTAL FUNDS CARRIED FORWARD
110,959		 2024
5
Restricted
funds
£
232,992
-
-
1,141
234,133
226,979
7,154
2,278
9,432
93,842
103,274		 2023
6
Total
funds
£
232,992
96,345
1,257
14,955
345,549
361,458
(15,909)
-
(15,909)
230,142
214,233

continued...

Page 11

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

6. TANGIBLE FIXED ASSETS

COST
At 1 November 2023 and 31 October 2024
DEPRECIATION
At 1 November 2023 and 31 October 2024
NET BOOK VALUE
At 31 October 2024
At 31 October 2023
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors		 Computer
equipment
£
642
642
-
-
2024
2023
£
£
19,117
20,602
-
450
19,117
21,052
2024
2023
£
£
7,353
10,586
3,011
3,607
4,782
5,382
15,146
19,575

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

continued...

Page 12

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

10. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Creative Cafe (ED)
Micro Cafes (ED)
BOBS Education
Consultancy (ED)
Small Programmes (ED)
DOBS Education
Development Education
Voices From The Edge (ED)
Our Songs, Our Stories
Delta 7
Restricted funds
Creative Cafe
Space to Create
Young carers
BOBS in Sussex
Carers O'clock
Telling Your Story
Delta 7
Discovery College
Holiday Activities and Food
ESOP
Small Programmes
Time Travel in Sussex
Our Songs Our Stories
Arts Connect
TOTAL FUNDS		 At
1/11/23
£
89,269
20,219
879
-
-
-
592
-
-
-
-
110,959
7,362
5,606
1,351
18,060
13,992
6,335
2,001
-
5,780
-
368
42,419
-
-
103,274
214,233		 Net
movement
in funds
£
(132,182)
(3,910)
(1,900)
22,685
2,200
199
(200)
(4,418)
2,690
6,293
59
(108,484)
(1,868)
(5,536)
2,209
24,682
5,695
(5,283)
1,029
8,854
9,417
(15)
6,151
11,793
7,649
(6)
64,771
(43,713)		 Transfers
between
funds
£
20,115
(16,309)
1,021
-
-
-
(392)
4,418
-
-
-
8,853
-
-
-
(6)
-
-
-
(8,853)
-
15
(15)
-
-
6
(8,853)
-		 At
31/10/24
£
(22,798)
-
-
22,685
2,200
199
-
-
2,690
6,293
59
11,328
5,494
70
3,560
42,736
19,687
1,052
3,030
1
15,197
-
6,504
54,212
7,649
-
159,192
170,520

continued...

Page 13

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Creative Cafe (ED)
Micro Cafes (ED)
BOBS Education
Consultancy (ED)
Small Programmes (ED)
DOBS Education
Development Education
Voices From The Edge (ED)
Our Songs, Our Stories
Delta 7
Restricted funds
Creative Cafe
Space to Create
Young carers
BOBS in Sussex
Carers O'clock
Telling Your Story
Delta 7
Discovery College
Holiday Activities and Food
ESOP
Small Programmes
Time Travel in Sussex
Our Songs Our Stories
Arts Connect
TOTAL FUNDS		 Incoming
resources
£
14,325
6,460
-
37,115
3,200
400
300
-
7,710
21,334
468
91,312
-
-
5,650
49,410
30,293
700
6,350
9,610
31,418
53
7,031
45,211
7,830
-
193,556
284,868		 Resources
Movement
expended
in funds
£
£
(146,507)
(132,182)
(10,370)
(3,910)
(1,900)
(1,900)
(14,430)
22,685
(1,000)
2,200
(201)
199
(500)
(200)
(4,418)
(4,418)
(5,020)
2,690
(15,041)
6,293
(409)
59
(199,796)
(108,484)
(1,868)
(1,868)
(5,536)
(5,536)
(3,441)
2,209
(24,728)
24,682
(24,598)
5,695
(5,983)
(5,283)
(5,321)
1,029
(756)
8,854
(22,001)
9,417
(68)
(15)
(880)
6,151
(33,418)
11,793
(181)
7,649
(6)
(6)
(128,785)
64,771
(328,581)
(43,713)

continued...

Page 14

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Space to create (ED)
Creative Cafe (ED)
Micro Cafes (ED)
BOBS Education
Consultancy (ED)
DOBS Education
Development Education
Restricted funds
Creative Cafe
Space to Create
Young carers
BOBS in Sussex
Carers O'clock
Telling Your Story
Delta 7
Discovery College
Holiday Activities and Food
Circus of Sound
Small Programmes
Time Travel in Sussex
TOTAL FUNDS		 At
1/11/22
£
90,263
320
24,199
1,152
18,116
2,250
-
-
136,300
5,776
35,448
(1,105)
22,793
5,733
10,513
2,911
10,773
-
1,000
-
-
93,842
230,142		 Net
movement
in funds
£
(17,077)
(840)
1,809
(273)
(823)
(2,250)
592
(4,201)
(23,063)
1,586
(29,842)
2,456
(4,733)
8,259
(4,178)
(910)
(13,051)
5,780
(1,000)
368
42,419
7,154
(15,909)		 Transfers
between
funds
£
16,083
520
(5,789)
-
(17,293)
-
-
4,201
(2,278)
-
-
-
-
-
-
-
2,278
-
-
-
-
2,278
-		 At
31/10/23
£
89,269
-
20,219
879
-
-
592
-
110,959
7,362
5,606
1,351
18,060
13,992
6,335
2,001
-
5,780
-
368
42,419
103,274
214,233

continued...

Page 15

CULTURE SHIFT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Space to create (ED)
Creative Cafe (ED)
Micro Cafes (ED)
BOBS Education
Consultancy (ED)
DOBS Education
Development Education
Restricted funds
Creative Cafe
Space to Create
Young carers
BOBS in Sussex
Carers O'clock
Telling Your Story
Delta 7
Discovery College
Holiday Activities and Food
Circus of Sound
ESOP
Small Programmes
Time Travel in Sussex
TOTAL FUNDS		 Incoming
resources
£
32,334
-
15,165
350
55,867
4,700
3,000
-
111,416
10,000
2,860
4,350
42,355
40,264
11,050
15,876
507
50,294
-
5,060
5,004
46,513
234,133
345,549		 Resources
Movement
expended
in funds
£
£
(49,411)
(17,077)
(840)
(840)
(13,356)
1,809
(623)
(273)
(56,690)
(823)
(6,950)
(2,250)
(2,408)
592
(4,201)
(4,201)
(134,479)
(23,063)
(8,414)
1,586
(32,702)
(29,842)
(1,894)
2,456
(47,088)
(4,733)
(32,005)
8,259
(15,228)
(4,178)
(16,786)
(910)
(13,558)
(13,051)
(44,514)
5,780
(1,000)
(1,000)
(5,060)
-
(4,636)
368
(4,094)
42,419
(226,979)
7,154
(361,458)
(15,909)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2024.

Page 16

CULTURE SHIFT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Investment income
Deposit account interest
Charitable activities
Fees for services
Other income
No description
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Direct Project Costs
Bank charges
Computer supplies
Professional fees
Marketing
Subsistence
Travel costs
DBS Admin fees
Dues and Subscription
Insurance
Internet and connectivity
Materials and resources
Meals and entertainment
Office rental
Postage and delivery
Stationary and office supplies
Phone costs
Sundry expenses
Book-keeping fees
Computer equipment
Support costs
Governance costs
Trustees' expenses
Carried forward		 2024
£
192,820
1,796
76,219
14,033
284,868
165,141
130,871
63
909
8,803
443
889
999
63
70
2,973
2,297
45
131
8,400
11
292
-
586
2,468
-
325,454
127
127		 2023
£
232,992
1,257
96,345
14,955
345,549
167,539
163,651
193
565
973
850
579
581
693
619
2,693
2,230
112
288
7,599
25
2,448
251
5,266
586
200
357,941
517
517

This page does not form part of the statutory financial statements

Page 17

CULTURE SHIFT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024

Governance costs
Brought forward
Independent exam
Total resources expended
Net expenditure		 2024
£
127
3,000
3,127
328,581
(43,713)		 2023
£
517
3,000
3,517
361,458
(15,909)

This page does not form part of the statutory financial statements

Page 18