## **Annual Review 2022-2023** **A charity at the heart of the Community** ## Welcome ## From our Chair **Board members and Management Team** **I am delighted to present the first annual report for Seachange since its move from being embedded within Westbank for the last 5 years, to becoming an independent charity in 2021. The first year of any new charity is always a challenge, but despite the unprecedented issues of the post-Covid world and subsequent economic impact, the charity got off to an impressive start.** **My thanks go to Marc and his team – they have worked tirelessly to ensure a smooth transition to independence, working hard to support the WEB community whilst also driving Seachange forward on a path to long-term sustainable growth.** **I would also like to express my gratitude to The League of Friends of Budleigh Salterton Hospital. Their support of Seachange has been unwavering and unlimited.** **Throughout this last year, we have continued to be supported by our advisory board who have provided some valuable insights and guidance that are helping us shape our service for which we are extremely grateful. As well as support and collaboration from our other partners including the NHS, RDUH Foundation Trust, Launchpad, Ness Care Group and the Budleigh Community Workshop Trust.** ## **Trustees:** **Sarah Hicks (Chair) Ian Christie Dr Rick Mejzner Prof Louise Allan Andy Hood Stephen Thomas** **Advisory Group: Richard Bowes (Chair) representatives from NHS, Devon ICB, EDDC, DCC, WEB Health and Wellbeing Board, Woodbury Parish Council, Westbank** **Leasdership Team: Marc Jobson Head of Seachange,** **Sarah Forde Volunteering and Wellbeing Lead** **With special thanks to all our amazing team without who keep the wheels turning.** **And we are of course indebted to our generous donors and fundraisers, and to our team of volunteers who donate their time so generously.** ## Welcome ## From our Chair **I don’t doubt that year 2 of our new charities’ existence will continue to be challenging. But we are confident that our funders, partners and members of our community will continue to value and support Seachange going forward.** **We support the communities of East Devon, particularly Woodbury, Exmouth, Budleigh and surrounding villages to live well and to feel healthier and happier. Our team do this by bringing people together. We know loneliness is a contributing factor to many physical and mental health issues.** **This year has been our first year operating as a stand-alone charity in our own right. The change of entity has brought many challenges but also many successes and notable achievements. 2022 was a Covid year and we are still feeling the effects financially. Only towards the end of the year, our footfall through our building has returned to pre-Covid levels (+2000 PCM).** **Seachange Devon provided over 60 different activities and classes to entice individuals to come together, feel each other’s company and be happy. Activities have included: crafting; painting; dancing; singing; mindfulness; gardening; cooking games; table tennis; bereavement and carer support groups. Classes such as low impact and seated pilates; yoga; walking; better balance; postural stability; shibashi qigong; kettlercise help people with reduced mobility remain fit and strong.** **Volunteers are key to our operations and growth. We have over 110 regular volunteers who contribute to the above classes and activities but also, befriend lonely and isolated people in person and by phone. They assist in returning medical equipment to RDUH teaching cooking and handing out ice creams during our film club. We run one of the busiest community transport services in Devon with 600 registered users. Over 35 volunteers give their time for free to enable those less fortunate to get to a medical appointment or one of our sessions. I know we will continue to go from strength to strength in our next financial year, and I am looking forward to sharing details of our success next year.** ## **Sarah Hicks – Chair** ## From the Head of Seachange **Looking back at our first full year as a charity, I am incredibly proud of the effort our staff and volunteers have put in to ensure our continued development. We have been operating under a different legal entity for the previous five years. It was a big step to go out on our own but the correct one. It will ensure our sustainability for many years to come. Thanks, should rightly be given to Westbank (in particular, their CEO Sarah Hicks) and the Budleigh Hospital League of Friends for the support and guidance they have given us during our transition this year.** **People are living longer but some spend many of their later years in poor health. In rural and coastal communities such as ours, age-related issues emerge ten years earlier on average. Seachange provides a suitable environment and services for people of all ages in the communities of Woodbury, Exmouth, Budleigh and surrounding villages. There are 42,000 people in this catchment area.** **Our services enable people to reduce disability and long-term health conditions and help them exercise, eat well and stay fit in a socially welcoming space. This reduces loneliness, social isolation and saves us all money in the long run. Professor Chris Whitty said,” Having lots of exercise, having mental stimulation and a social network, eating a reasonably balanced diet…are things that are old fashioned, but they still work”. That’s Seachange in a nutshell.** ## **Marc Jobson** ## Transport **Our community transport service is available to our community to enable them to access services at Seachange, Seachange activities elsewhere and medical appointments throughout East Devon. Clients also build relationships and social connections whilst travelling with other clients. The service is delivered by our volunteer drivers who give their time for free. We are fortunate enough to have a wheelchair-accessible car and a wheelchairaccessible minibus. Volunteer drivers also use their vehicles where appropriate. Clients donate as little or as much as they can afford and sometimes nothing at all depending on their circumstances.** **----- Start of picture text -----**
Community
Number of Volunteer drivers
transport trips
clients 42 and 1254
3278 miles
registered 813 health
travelled
appointments
**----- End of picture text -----**
## **Client story:** **Due to long-term health conditions, a client and their carer became housebound which led to physical and mental deterioration. Using our wheelchair-accessible car we were able to bring them to Seachange to take advantage of our classes and personal training sessions in the gym. This helped our client to walk again and provide much-needed respite for her carer. They bought meals from our launchpad café. They attended regularly to access our warm space and to seek companionship.** ## Social Activities **Bringing lonely and isolated people together through social activities is at the heart of what we do. Small connections can have big effects on people’s wellbeing, physical and mental health. It is not so much about the actual activity but more about how relationships are nurtured by facilitators and volunteers. Our blokes on buses project was an excellent example of how a hard-to-reach target group of middle-aged men can build bonds simply by travelling on a bus together. The group visited Yeovilton Fleet Air Arm, Haynes Car Museum and the National Aquarium in Plymouth. Upon their return, they told a wonderful story about eating fish and chips whilst watching the fish swim!** **Other activities include singing, a ladies' brunch, an activity club, film events, allotment gardening, scrabble, cycling, table tennis and our every popular health walks.** ## **Client story:** **A attended our scrabble group with the support of a social prescriber. He has cognitive issues following a brain injury. He had a lack of social connections, as did the other members of the group. The group has gelled very well and now support one another. A helps a member with her shopping because she can no longer drive. They also had Christmas lunch together which made us all feel very warm and fuzzy.** ## Fitness **Fitness classes and gyms aren’t just for gym bunnies, they are for all. We know many people are put off exercise by gyms full of ultra-fit bodies. Our well- equipped gym provides a welcome non-threatening space for people to exercise and get fit.** **Recent additions include a new Concept 2 rowing machine, a Matrix stair climber and a cross machine. Over 130 members, up 60% in the year, utilise the facilities together with 400 causal users. It has a little light background music, no mirrors, flashing lights or photos of biceps on the walls. We have regular members in their 80's and 90’s who work out every morning.** ## **Client story:** **JD from Exmouth, the lady in her 50s who walked with a stick had been recommended to attend Seachange by one of the local social prescribing teams to help her with her mental health and wellbeing. She was initially accompanied by the social prescriber and was able to access the welfare pot as on low income to try the use of the gym for one month. JD was supported by the fitness team to attend classes as well as complete her gym programme and it has turned her life around. She felt she was able to pay for her membership as it was of such benefit; she is a regular attendee of a variety of classes; she has introduced her mum to the benefits that Seachange can offer and most importantly she can now walk independently without her stick and this has been life-changing.** ## Fitness **Our low-impact and seated exercise classes offer the same warm welcome where those with reduced mobility can exercise safely and with confidence.** **We have increased our opening hours and adapted the class timetable to include a range of sessions from youth gym, high-energy spinning classes and pilates to increasing the number of the more preventative/ rehabilitative standing and seated classes i.e. Better Balance, as well as increasing classes and our profile across the WEB area, i.e. more classes held at Exmouth Library.** **We offer a balance of internal and external fitness instructors to lead our classes and this provides the customer with choice and also the muchneeded variation to form a rounded class schedule.** **Supporting the NHS we have been instrumental in taking the lead in providing “Falls prevention” classes in the WEB area and have received funding to help support instructor external training and delivery for this intense 24-week programme, and providing a service to help relieve pressures on the NHS physio teams.** ## Support **Our Memory Café provides a relaxed and social space for those with memory loss. Always fun and lively giving a much-needed full day's break for their carers. Out of this group, the carers formed a dementia carers group. Sixteen carers now meet regularly exchange stories and provide one another with peer support in a relaxed and social environment.** **Our bereavement group was formed when a gym member lost a husband and had a fortuitous conversation with someone else at Seachange in a similar situation. Now twenty people of all ages meet regularly to provide peer support and friendship.** **Over the winter period, we provided a ‘warm space’ for people struggling with the cost-of-living crisis to have a hot drink and warm food. Working with partner organisations, we also gave away £5000 for items such as duvets, coats, sleeping bags and slow cookers. These were for people in the WEB area affected by winter hardship.** ## **Client story:** **SC was a carer for her husband who attended our Memory Café. SC was struggling with the 24hr care she needed to provide. A said, “Having a day of caring meant I could live again and even just sleep.” A joined fellow care setting up our Dementia Carers Group. A’s husband has now moved into a care home; however, A continues to attend the group because the relationships she has made are wonderful and fulfilling. “Without the support of the group, I would have broken down a long time ago forcing my husband into care long before he needed it.”** ## Catalyst **At Seachange, we recognise the huge benefits of collaboration. To help our communities in further ways we have partnered with Jurassic Childcare, Launchpad and Ness Care Group.** **Jurassic Childcare provides mixed-aged childcare services all year round. They follow a Montessori-inspired approach and are key to our Inter-generational activities working closely with our memory café and activity club groups.** **Launchpad trains adults with learning disabilities in catering and hospitality. They run our café and kitchen with the students being integral to our ‘whole community’ approach.** **Ness Care Group run ‘active minds’ providing specialist treatments for clinical dementia helping clients to maintain their independence.** **These are amazing facilities. I feel I can offer my clients a better service in Seachange than anywhere else.”** **In addition to the above, we host a range of NHS outpatient clinics, a GP Practice room, podiatry, audiology, MSK physiotherapy and a community nursing team. Clinicians and staff cross-refer to ensure the client is at the heart of Seachange.** **We also helped to support 110 Afghan families who helped the British Military in Afghanistan into temporary accommodation in Exmouth and assisted their resettlement across the UK. It was important to us they felt part of our community whilst they stayed here.** ## **WEB infrastructure support** **We provide infrastructure support for VCSE organisations across the WEB area including. Organisations such as: Open Door Exmouth; Budleigh Salterton Relief in Need, Budleigh Lions have all received our expert guidance and facilitating meetings. This meeting provide a safe space for organisations to network, discuss challenges and successes, share outcomes and learning in the absence east Devon CVS.** **All VCSE organisations are struggling with recruitment of volunteers and as such we developed and facilitated a volunteer recruitment roadshow held in Exmouth in Spring 2023. Over 50 like organisations attended with most recruiting more volunteers to strengthen their offering to our community.** ## Voluntary Sector Representative **We provide the part-time VSR (Voluntary sector representative) to the WEB area on behalf of Devon County Council and the NHS. Within this role, we are directly able to work with strategic partners i.e. health and social care teams to signpost and support some of the more complex patients to third sector services.** **Working in partnership with other VCSE and NHS organisations is key to our standing in the professional community of East Devon.** ## **Client story:** **A is a lady who moved from a council property in Exmouth to another council property in Budleigh to start a new life away from her abuser. Having experienced childhood traumas and domestic abuse for many years which resulted in a history of drug dependency and her suffering from Complex Post Traumatic Stress Disorder (CPTSD), she had received therapy and counselling for years which proved most beneficial. However, after all the trauma, she was now left feeling lonely and isolated. She also finds group situations too threatening and difficult.** **She was concerned that her Goth appearance and music tastes would be a barrier to her finding companionship however we were able to find a local female volunteer, who just so happened to be a fully-fledged Goth in her earlier life, and they have hit it off!** ## Volunteering **We have only been able to expand our community offer across the WEB area and services due to the kindness and time given by our team of dedicated volunteers. The number of volunteers has increased by 15% over the year to 101 and this shows the increase in recruiting volunteer drivers, befrienders group facilitators and memory café carers to meet the increasing demand for our services.** **We are using the Donorfy CRM system to capture and manage all the information provided on volunteers and we can see that we will be using this system much more effectively over the next year to communicate with our volunteer base.** **We are using the Donorfy CRM system to capture and manage all the information provided on volunteers and we can see that we will be using this system much more effectively over the next year to communicate with our volunteer base.** ## **Client Story:** **The social prescribing team referred OG to a lady from Exmouth who was struggling with her mental health and associated health conditions. We empowered her to commit to an activity to give her a sense of purpose and a reason to get out of the house. She had a trial as a volunteer at our “Activity Club” aimed at supporting people experiencing loneliness and isolation. OG has adapted incredibly well to her volunteering role. She has taken on new challenges in terms of volunteering, and we couldn’t now run our sessions without her!** ## Funding ## **We rely on funding to support our many non-commissioned projects. This year we sincerely thank those individuals and organisations that have been kind enough to support us through donations:** **The Exeter Chiefs Foundation; Norman Family Charitable Trust; Budleigh Fund; Fryer Trust; National Grid; EDDC; Jamieson-Bystock Trust; Postcode Local Trust; Versus Arthritis, Budleigh Lions and Parkinson’s UK** ## Thank you _**“When you are here at Seachange,**_ **Head count 13 staff (7.5 FTE)** _**people care about your wellbeing and**_ **4 male** _**they want to help you. That includes**_ **12 female** _**the reception staff, the café, and the**_ **x1 apprentice X1 bank** _**managers. It does make a difference.”**_ _**“Seachange is a refuge in a sea, a calm safe place with a lovely aura. The help is better than the doctors and has a ripple effect through the connections that are made”.**_ Charlty Reglstratlon No. 1196379 SEACHANGE DEVON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Lentells Chartered Certified Accounianis SEACHANGE DEVON LEGAL AND ADMINISTRATIVE INFORMATION Tw$t•¢$ Sarah Hicks lthair) lan Christie Andrew Hood (Appointed 6 December 20221 Louise Ja¢ques Dr Richard Mejzner Stephen Thomas Charlty numbor 1196379 Prin¢ip81 add￿$$ 3 East Budleigh R08d Budleigh Salterton EX9 6HF Independent 8xamln8r Lentells Limited 17- 18Leach Road Chard Business Park Chard Somerset TA20 1FA SEACHANGE DEVON CONTENTS Page Trustees. report Independent examine¢s report ststemenl of financial 8¢tiwties Balance sheet Notes to the finan￿al statements 8-16 SEACHANGE DEVON TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Thè Trustaès pr8sent their annual reKK)rt and financial statements for the year ended 31 March 2023. The financial stslemenls have been prepared in accordan￿ with the accounting policies set out in note 1 to the financial statements and comply wth the chartvs Igoverning documenll. the Charities Act 2011 and "Accounting Reporting by Charilie5'. Stslerllenl of Recommended Pradice applicable to Gharilies preparing their 8¢counts in 8c¢ordan¢e with the Finan￿81 Reporting Stsr￿8rd applicable in the UK and Republic of Irel8nd IFRS 1021. (effective 1 January 20191. Objectives and activities The charity's objects are lo benefit the health arKI welliEing of the inhabitsnts of Woodbury, Exmouth, Budleigh Sallerton and the surrounding area. The charity aims lo improve their conditions of lrfe by providing facilities and programmes to improve health and also by provi¢Jing and assisting facilities in the interest of social welfare for re¢r8alion. In fulfilling the charity's objects the Trustees have regard to the Charity Commission's general guidan￿ on public benefit and aim to improve health and wellbeing of the whole community. The Trustees have paid due regard to guidan￿ issued by the Charity Commission in deuding what ath'vities the charity should undertake. A¢hi¢vements and p¢rfomian¢¢ We are delighted to present the first annual report for Seachange Sin￿ its move from being embedded within Westbank to becoming an independent charity in 2021. The first year of any new charity is always a challenge, but despite the unprecedented issues of the post Covid worfd and subsequent economic impact, the charity got off lo an impressive start. Our thanks go lo Marc Jobson (Head of Seachangel and his team- they have worked tirelessly to ensure a smooth transition to llldependen￿, working hard to supwjrt the WEB community whilst a150 driving Seachange forward on a path to long-term sustainable growth. Throughout this last year, we have continued to be supwrted by our advisory board who h8ve provided some valuable insights and guidance that are helping us shape our service for whi¢h we are exiremely grateful. As well as the support and ¢ollaborab'on from our other partners including the NHS, Royal Devon University Healthcare NHS Foundation Tnjst IRDUHI, Laun¢hpad, Ness Care Group and the Budleigh Community Workshop Trust. And we are of course indebted to our generous th)nors and fundraisers. and to our team of volunteers who donate their time so generously. We don't doubt that next year wll conlinue to be challenging given high utility costs, bul we are confident that our funders, partners and members of our community wll conlinue to value and support Seachange going forward. We support the communities of East Devon, particulady W(xxJbury, Exmouth Budleigh and surrounding Mllages to live well and to feel healthier and happier. Our team do this by bringir)g people together. We know loneliness is a Seachange Devon has prowded over 60 dtfferent activrties and dasse5 to entice individuals to come together, feel each other's company and be happy. Activities have included.. crafting.. painting- dancing., singing.. mindfulnes5', gardening,. cooking games.. table tennis.. bereavement and carer support group5. Classes such as low irnpact and seated pil8tes- yoga.. walking.. better b81ance." postural 5tsbilty- shibashi qigong and kettlersize help people with redU￿d mobility rem8in fit and strong. SEACHANGE DEVON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Volunteers are kèy to our opèrations and growlh. We have over 110 regular volunteers who contribute to thè abovè classes and activities bLJt also. they befriend lonely and isolated people in person and by phone. They assist in retuming medical equipment to RDUH, teaching ccK)king and handing out ice creams during our film club. We run one of the busiest commLJnity transport setvices in Devon with 600 registered users. We have 35 volunteers who give their time for free to enable our community lo get lo a medicxl appointrnent or one of our sessions. Our well-equipped gym provides a welcome. non-threatening Spa￿ for people to exeruse and get fit. Recent addits'ons include a new Con￿pt 2 rowing machine. Matrix stair dimber and a cross machine. We have 130 members, which is a 60 /0 increase in the year, utilise the facilities logether wilh 400 casual users. Working in partnership with other VCSE and NHS organisalions is key to our standing in the professional community of East Devon. We hold the Voluntary Sedor Representative contract for the WEB area provided by RDUH. Virtual wards is a project aimed at speeding up hosprtal discharges. Vve fulfil this contract in WEB. RDUH also fvnd postural stability classes across WEB run by our fithess instructors wth the aim to help those at the end of physio wailing lists. They also fund us to prowde infrastructure support lo other voluntary organisations. Funding from Parkinson's UK has enabled us to develop a 12 week program of exercise to help those wrth Parkinson's. 11 has been a very w)pular program which has n¢)w progresse(l into follow-up sessions. Our memory café relumed in 2022 with funds kindly provided by Budleigh Medical Centre. It is now a d8y-long session providing much need respite for ca￿r$. Our A¢tivity Club provides social a¢livilies for those who just want to come together. A few real stories.. Scrabble Group have created their own peer support. meeling up lo help with shopping, going on social outing etc. A previously housebound anxious individual has been reintroduced to the great outdoors with help of the Nature Buddy project. He has improved his fitness. reduced his anxiety and can now visit more places alone. His wife has noticed a huge improvement in his general mood and wellbeing. One of our Blokes on Buses participanls has got so much out of the trips his anxiety had reduced to such a level that he is considering volunteering. A lady was helping through our Friendship with a Focus lo gain Confiden￿ by joining group and clubs and now regularfy attends these on her own. One of our service users has found so many things lo do at Seachange his daughter jokes that he should move in. He regularfy enjoys a coffee and cake from Laur)chpad after a dass. Our Voluntary Sector Rep has signposted people lo get help white goods, food, and carpels and helped them apply for the financial help they are entitled to, making real-life changes. Befrienders are out in the (y)mmunity helping people Teoyjnnecl with their love of cooking, gardening and chatting. One of our amazing volunteers has helped a number of people apply for attendance allowance, meaning they can now use the money to help keep their independen￿. Lastly 8 quote from one ofour Servi￿ users. Andy.. "Seachange is a refuge in a sea, a calm safe place wrfh a lov&ly aura. The help is bstter than Ihg dwlors and has a iipple effect through the wnnections that are made". SEACHANGE DEVON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Fundralslng Seachange operates a number of different approaches lo securing funding. Our finanaal model is a mix of charging for some setvices and the use of facilities. securing fijnding from partner organisations to provide servi￿8 and fundraising from grant making tnjsts, individuals and the wider community- We have a ftjndraising plan in pla￿ lo grow our income from grant making trusts, individuals and the Community. We employ a 2 day a week fundraising officer is fr￿used on community fundraising, supporter and database care and ensuring applications are submiited lo grant making tnjsts. We also have a tr40 day a week marketing officer who supports fundraising alongside Ihe charity wide marketing, who is working to establish and build regular and legacy giving. Both of these roles are suptx)rted by senior operational slaff members who focus on ensuring applications to larger grant making trusts. organisations and partners are identified. written and submitted. Seachange Devon does not contract professional grant-seeking companies. Our first year fundraising as an independent charity has produced the planr)ed results with us securing new funding from a variety of grant making trusts and us establishing the systems and resources needed to build a sustainable fundraising function. We have a database in place. have registered to claim HMRC Gift Aid and have established a number of fundraising materials and case studies about the difference Seachange makes. The plans for the second year are lo build upon these foundations and to secure rr￿re mults" year income from grant making trusts, increase the number of individuals supporting us and to raise our fundraising profile in Ihe WEB community. Financial review 11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo between three and six month5. expendrture. The Trustees ￿nSider that reserves at this level will ensure that. in the event ol a signtficanl drop in funding. they will be able to continue the charity's current adivities while Gonsideralion is given to ways in which additional fund5 may be raised. In the first year of operation the Charity has found it dtfficult to maintsin the tsrget level of reserves. however additional funding has been received since the year end to sustain the tharity for the foreseeable future. Funds in deficit The deficit on unrestricted funds as al 31 March 2023 amounted to £29,569. sin￿ irs year*nd the charity has received additional funding to SUPFKJrt ts future trading enabling rt lo (yjnlinue sUPtK)rting the communty. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks. Plan$ for futurg pèrlods Seachange Devon will continue to provide front-line health and wellbeing ServI￿S to support the communities of East Devon. We currently operate mainly from our Budleigh base however we intend to seek a further base in Exmouth which is where the greatest area of need lies. We intend to increase our fundraising capacity to ensure donations continue to increase year on year. This will enable us to be sustainable on a long-temi basis. Structure. gov8manca and managèment The charity was founded as a charitable incorporated organisation ICIO) and regislered on 3 November 2021 wth the charity commission. The charity commenced trading on 1 April 2022 when the assets and activities were transferred from the former company Westbank Communtty Enterprises Limited (company number 108346791 which is in the prO￿sS of being closed. This has enabled better delivery of the c4)re activib"e5 and will enable mole OPPK)rtunities for external funding. Ian Christie Signed on 19/09/23 @ 14:15 Ste Signed on 19/09/23 phen Thomas @ 15:14 SEACHANGE DEVON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEACHANGE DEVON I r8POrt to the Trustees on my examination of the finanual statements of Seachangè Dèvon (the charity) for the yèar ended 31 March 2023. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial ststements in accordance with the requirements of the Charities Art 2011 (the 2011 Actl- I report in respect of my examinath.on of the charity's financial statemen15 carried out under section 145 of the 2011 Act. In carrwng out my examination I have followed all the appli(zble Direction5 gtven by the Charty Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the charity's gross income eX￿ede¢j £250.(￿0 your examiner wnusl be a member of a body listed in section 145 of the 2011 Act. I confirm that l awn qualtfied to underlake the examination because l am a member of ACCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in Preferen￿ lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understsnd that this ha5 been done in order for financial stslements lo provide a tnje and fair view in accordance with Generally Accepted Accounting Practice effective for rep(yting periods beginning on or after 1 January 2015. I have completed my examinabon. I confirni that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records- or the financial statements do not comply wilh the applicable requirements concerning the form and content of 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. I have no Con￿MS and have come across no other matters in connection with the examination to which attention should be drawn in this rerK)rt in order to enable a proper understanding of the finanoal statements to be rea¢hed. Mr R J Wegnar FCCA Lentells Limited 17- 18LeachRoad Chard Business Park Chard Somerset TA20 1 FA Dated.. Signed Dn 1SYJ9123 @ 15 SEACHANGE DEVON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Rèstricted funds funds 2023 2023 Total 2023 Notes Income and endowments from: Donations and legacies Charitsble aGtivities Other income 249,753 161.794 500 80.772 330,525 161.794 500 Total income 412,047 80,772 492,819 Ex nditure on: Charitsble acbvities 441,616 67,048 508,664 Net lexpenditurellincome for the yearl Net movement in funds 129.5691 13,724 115,8451 Fund balances al 1 April 2022 Fund balances at 31 March 2023 (29,569) 13,724 115,8451 The statement of financial activities indudes all gains and10&8es recognised in the year. All income and expenditure derive from continuing aCti￿tieS_ |Ian Christie
Signed on 19/09/23 @ 14:15|Stephen Thomas
Signed on 19/09/23 @15:14| |---|---| SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollelès Charity infomiation Sèachange Devon is a registeréd charity that sèeks to benèfit thè inhabitants of W(K)dbury, Exmouth and Budleigh Salterton and the surrounding area by the provision of faulities for the preservation and protection of good health and wellbeing, as well as of those in the inte￿$t$ of so¢ial welfare, regardless of age, infimiity, disability or finanryal ¢irCumstan￿$, with the object of improving the ¢ondib'on of life. 1.1 Accounting convention The finan¢ial statements have been prepare(J in accordance wth the charitys goveming document, the Charities Act 2C>11, FRS 102 "The Financial Reporbng Siandard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Rewrbng by Charilies.. Statement of Recommended Practice applicable to charities preparing Iheir accounis in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The tharity is a Public Benefil Entity as defined by FRS 102. The charity has taken advantage of Ihe provisions in the SORP for charities not to prepare a Statement of Cash Flows. The finanaal ststements have departe(J from the Charities lAC￿￿nts and ReKK)rtsl Regulab'ons 2008 only to the extent required to provide a tme and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Ststement of Recommended Practice which is referred to in the Regulations but which has Sin￿ been withdrawn. The financi81 statements 8re prep¥red in stsding. which is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial statements have been prepare(J under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern Al the time of approving the finanual slatements, the Trustees have a reasonable expectation that the charity has adequate reSoUr￿S to continue in operalior)al existen￿ for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the dI￿retIOn of Ihe Trustees in furtheran￿ of their charitsble objedives. Restricted ftjnds are subject to specific conditions by donors as lo how they may be used. The purposes and uses of the restricted ftjnds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that Ihe capital must be maintained by the charity. 1.4 Income Income is re￿nised when the ¢harity is legally enb.ued to il after any perfoman¢e Conditions have been met, the amounts can be measured reliably. and it is probable thal in¢ome will be received. Cash donations are recognised on receipt Other donatsons a￿ recognised once the charity has been notified of the donation, unless perfornian￿ conditions require deferral of the amounl. Income tax recoverable in relation to donab'ons received under Gift or deeds of covenant is recognised at the time of the donalion. SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Legacies are recognised on receipt or otherwise if ihe charity has been notified of an impending distribLJtion, the amount is known, and receipt is expecled. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligab.on to transfer economic benefit to a third party. il 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 w5ts of each aclivity are made up of the lolal of direct costs and shared costs. including support costs involved in undertaking each adivity. Direct costs attributsble to a single activity are allocated dire¢dy to that activity- Shared costs which contribute to rnore than one activity and support costs which are not attributable to a single a¢tivity a￿ apportioned between those activities on a basis Consistent with the use of iesour¢es. Central staff Costs are allocated on the basis of time spent, and dep￿CiatIon Charges are allocated on the rK)rtion of the asset's use. 1.6 Tangiblè fixed assets Tangible fixed assets are initially measured at ojst and subsequenuy measured at ojst or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Motor vehicles 15% reducing balance 25% reduong balan The gain or loss arising on the disposal of an asset is detem)ined as the differen￿ befvleen the sale proceeds and the carrying value of the asset, and is recognised in the statement of finanual activities. 1.7 Impairment of fixed assets Al each reporting end dale, the charity reviews the Ca[￿ng amounts of ts tangible assets lo determine whether there is any indicabon that those assets have SLfftred an impairment Ios5. If any such indication exists, the recoverable amount of the asset 15 estimated in order to determine the exienl of the impaitmenl loss Irf any). 1.8 Stocks Stocks are stated at the lower of cost and eslimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the k)wer of replacement cost and cost. Nel realisable value is the estimated selling less all estimaled ￿)SIS of completion and costs to be incurred In marketing, selling and distn"bub"on. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid inveslrnenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilrtie5. SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Finanaal Instruments. and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of ts financial instruments. Financial instruments are recognised in the thariWs balan￿ sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are off5el. wth the net amounts presented in the financial slalernenls, when there is a legally enforceable right to set off the recconised arnounts and there is an intention lo setue on a nel basis or lo realise the asset and settle the liabilty simultsneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balan¢e5, are initially measured al transaction price including lransacb.on costs and are subsequently carried at arriorb"5ed cost using the effective interest method unless the arrangement constitules a financing transaction, where the transaction is measured al the present value of the future re￿ip1S disCOUnte(l al a market rale of interest. Financial assets dassified as re￿1vable wthin one year are not arwK)rb"5ed. Basic financial liabilities Basic financial liabilrfcies. including creditors and bank loans are initially recognised al transaction price unless the arrangement constitute5 a finanGing transaction. where the debt instrument is measured al the present value of the future payrnents discounted at a market tate of interest_ Finan(ial liabilities classified as payable within one year are not amortised. Debt instruments a￿ subsequendy carried at amortise(l cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, ihey a￿ presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al aM0￿.sed cosl using the effective interest method. Dere¢ognition of fin•n¢i•l liabilities Financial liabilities are derecognised when the tharity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entiuement is recognised in the period in which the employee's seNices are received. Terminats'on benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiinatson benefits. 1.12 R¢tlr•ment bèneflts Payments to defined contribution retirement benefil schemes are tharged as an expense as they fall due. 10- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Crltleal aecountlng ostlmatos and Judg•m•nts In the application of the charity's accounb.ng policies, the Trustee5 are required to make judgements, eslimales and assumpb.ons about the carrying amount of assets and liabilities th8t are not readily apparent from other sources. The estimates and 85soGiated assumptions are based on hisloriGal experien￿ and other factors that are conSide￿d to be ￿levant. A¢tu81 results may drffer from these estimates. The eskn'mates and undedwng assumptions are reviewed on an ongoing basi5. Revisions lo accounting estimates are recognised in the period in whith the e5b.mate is remsed where the revision affects only that period. or in the period of the revision and luture ￿riodS where the revision afftrcls both current and future periods. Donations and legacies Unrestricted Restricted nds funds general 2023 Total 2023 2023 Donations and gifts Grants re￿1vable 47,644 202,109 47,644 282,881 80.772 249.753 80,772 330,525 Charltsbl¢ actlvltl¢$ Health & well being 2023 Sales within Charitable activ￿e$ 161,794 other income Unrestrlct8d funds general 2023 Other inwme 500 11 SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltablo actlvltlos Health & well being 2023 Staff Costs Depreciation and impairment Rent Water rates Light & heat Propety repairs & maintenance Equipment hire & repairs Cleaning & refuse collection Fundraising expenses Marketing & promotion Instructor hire Motor expenses Meals & entertainment Room hire Volunteers training & mileage Grant expenses Afghan refugee project expenses Other charitable expenditure 182,014 1,437 64,302 3,246 51,944 35,200 7.010 48,579 3,970 9.308 11.650 8,620 9,711 1.055 15,294 5,816 958 11,636 471,750 Share of support costs Isee note 7) 36,914 508,664 Analysis by fund Unrestricted funds - gener81 Restricted funds 441.616 67,048 508.664 12- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Prinling, siats'onery & postage Telephone & intemet Computer software & maintenance Insurance Independent examination fee B(K)kkeeping & payroll adminstration Legal & professional fees Bank charges Subscriptions & publication5 1,954 2,389 11,689 3,696 1,140 6,679 3,777 2,215 3,375 1,954 2,389 11,689 3,696 1,140 6.679 3,777 2,21 S 3.375 36,914 36.914 Analysed be￿een Charitable activities 36,914 36,914 Support costs includes the following ServI￿S supplied by the independent examiner.- Independent examination £1.140 Bcx)kkeeping £1,440 Payroll assistan￿ £1,334 Trustees None of the Tnjstees lor any persons connected with them) received any remuneration or benefits from the ¢harity during the year. Employees The average monthly number of employees during the year was: 2023 Number 13 Employment costs 2023 Wages and salaries So¢ial security ¢osts Other pension costs 170.767 6,876 2,455 182.014 There were no employees whose annual remuneration was more than £60,000. 13- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Taxatlon The charity is exempt from tax on income and gains falling wrthin section 505 of the Taxes Act 1988 or section 252 of the Taxats"onof Chargeable Gains Ad 1992 to the extent that these are applied lo ts charitable objects. 11 Tangible fixed assets Flthres and Motor vvhlcl8s fittings Total Cost Additions 1.247 5,000 6,247 At 31 March 2023 1,247 5,000 6,247 Depre¢iation and impairment Depreaation charged in the year 187 1,250 1,437 Al 31 March 2023 187 1,250 1,437 Carrying amount Al 31 March 2023 1.060 3,750 4,810 12 Stocks 2023 Finished goods and goods for resale 300 13 Debtors 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 7,621 8,725 5,826 22,172 14- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Cr•dltors: amounts falllng duè wlthln onè year 2023 Notes other taxation and soual security Deferred income Trade Creditors Other creditors Accruals 2,993 26,722 20,913 2,500 7,858 16 60,986 15 Credltors: amounts falllng du¢ after more than on¢ year 2023 Other creditors 6,000 16 Deferred income 2023 Other deferred income 26,722 Deferred income is induded in the finan(ial statements as follows.. 2023 Deferred income is induded within.. Current liabilities 26,722 Movements in the year Deferred income at 1 April 2022 Resour￿5 deferred in the year 26.722 Deferred income at 31 March 2023 26,722 Income has been defe￿e￿ where funding has been received for future proje¢ts. 15- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 R•strlct•d funds The income funds of the charity irhclude reslricled funds comprising the following unexpended balan￿S of donations and grants held on trust for specffic purposes.. Movement in funds Incoming Resourc85 Balance at resources expended 31 March 2023 Community activities Cost of living Loneliness & isolation project Marketing post Gym equipment 45.778 13,507 6,000 5,000 10.487 140.2791 111,2821 5.499 2,225 6,000 15,0001 110,4871 80,772 167,0481 13,724 Restricted fvnds during the year ending 31 March 2023 consisted of'.- Community activities- physical and social activities to promote gwd health Cost of living- practical help lo supw)rt those in a ￿st-Of-llvl￿g crisis Loneliness & isolation project- Over-arching project to reduce lonelines5 and Social isolation in East Devon Marketing post- Specific funding to pay for a marketing post at Seachange Gym equipment- Specific funding to pay for new gym equipment 18 Analysis of net assets between funds Unrestricted Restrtcted funds funds 2023 2023 Total 2023 Fund balances 8t 31 M8rch 2023 S￿ represented by. Tangible assets Current assetsllliabilitiesl Long term liabilities 4,810 128,3791 16.0001 4,810 114,6551 16,0001 13.724 129,5691 13.724 115,8451 19 Related party transactions There were no disclosable related pariy transactions during the year l - none}. 16- Charlty Reglstratlon No. 1196379 SEACHANGE DEVON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Lentells Chartered Certified Accounianis SEACHANGE DEVON LEGAL AND ADMINISTRATIVE INFORMATION Tw$t•¢$ Sarah Hicks lthair) lan Christie Andrew Hood (Appointed 6 December 20221 Louise Ja¢ques Dr Richard Mejzner Stephen Thomas Charlty numbor 1196379 Prin¢ip81 add￿$$ 3 East Budleigh R08d Budleigh Salterton EX9 6HF Independent 8xamln8r Lentells Limited 17- 18Leach Road Chard Business Park Chard Somerset TA20 1FA SEACHANGE DEVON CONTENTS Page Trustees. report Independent examine¢s report ststemenl of financial 8¢tiwties Balance sheet Notes to the finan￿al statements 8-16 SEACHANGE DEVON TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Thè Trustaès pr8sent their annual reKK)rt and financial statements for the year ended 31 March 2023. The financial stslemenls have been prepared in accordan￿ with the accounting policies set out in note 1 to the financial statements and comply wth the chartvs Igoverning documenll. the Charities Act 2011 and "Accounting Reporting by Charilie5'. Stslerllenl of Recommended Pradice applicable to Gharilies preparing their 8¢counts in 8c¢ordan¢e with the Finan￿81 Reporting Stsr￿8rd applicable in the UK and Republic of Irel8nd IFRS 1021. (effective 1 January 20191. Objectives and activities The charity's objects are lo benefit the health arKI welliEing of the inhabitsnts of Woodbury, Exmouth, Budleigh Sallerton and the surrounding area. The charity aims lo improve their conditions of lrfe by providing facilities and programmes to improve health and also by provi¢Jing and assisting facilities in the interest of social welfare for re¢r8alion. In fulfilling the charity's objects the Trustees have regard to the Charity Commission's general guidan￿ on public benefit and aim to improve health and wellbeing of the whole community. The Trustees have paid due regard to guidan￿ issued by the Charity Commission in deuding what ath'vities the charity should undertake. A¢hi¢vements and p¢rfomian¢¢ We are delighted to present the first annual report for Seachange Sin￿ its move from being embedded within Westbank to becoming an independent charity in 2021. The first year of any new charity is always a challenge, but despite the unprecedented issues of the post Covid worfd and subsequent economic impact, the charity got off lo an impressive start. Our thanks go lo Marc Jobson (Head of Seachangel and his team- they have worked tirelessly to ensure a smooth transition to llldependen￿, working hard to supwjrt the WEB community whilst a150 driving Seachange forward on a path to long-term sustainable growth. Throughout this last year, we have continued to be supwrted by our advisory board who h8ve provided some valuable insights and guidance that are helping us shape our service for whi¢h we are exiremely grateful. As well as the support and ¢ollaborab'on from our other partners including the NHS, Royal Devon University Healthcare NHS Foundation Tnjst IRDUHI, Laun¢hpad, Ness Care Group and the Budleigh Community Workshop Trust. And we are of course indebted to our generous th)nors and fundraisers. and to our team of volunteers who donate their time so generously. We don't doubt that next year wll conlinue to be challenging given high utility costs, bul we are confident that our funders, partners and members of our community wll conlinue to value and support Seachange going forward. We support the communities of East Devon, particulady W(xxJbury, Exmouth Budleigh and surrounding Mllages to live well and to feel healthier and happier. Our team do this by bringir)g people together. We know loneliness is a Seachange Devon has prowded over 60 dtfferent activrties and dasse5 to entice individuals to come together, feel each other's company and be happy. Activities have included.. crafting.. painting- dancing., singing.. mindfulnes5', gardening,. cooking games.. table tennis.. bereavement and carer support group5. Classes such as low irnpact and seated pil8tes- yoga.. walking.. better b81ance." postural 5tsbilty- shibashi qigong and kettlersize help people with redU￿d mobility rem8in fit and strong. SEACHANGE DEVON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Volunteers are kèy to our opèrations and growlh. We have over 110 regular volunteers who contribute to thè abovè classes and activities bLJt also. they befriend lonely and isolated people in person and by phone. They assist in retuming medical equipment to RDUH, teaching ccK)king and handing out ice creams during our film club. We run one of the busiest commLJnity transport setvices in Devon with 600 registered users. We have 35 volunteers who give their time for free to enable our community lo get lo a medicxl appointrnent or one of our sessions. Our well-equipped gym provides a welcome. non-threatening Spa￿ for people to exeruse and get fit. Recent addits'ons include a new Con￿pt 2 rowing machine. Matrix stair dimber and a cross machine. We have 130 members, which is a 60 /0 increase in the year, utilise the facilities logether wilh 400 casual users. Working in partnership with other VCSE and NHS organisalions is key to our standing in the professional community of East Devon. We hold the Voluntary Sedor Representative contract for the WEB area provided by RDUH. Virtual wards is a project aimed at speeding up hosprtal discharges. Vve fulfil this contract in WEB. RDUH also fvnd postural stability classes across WEB run by our fithess instructors wth the aim to help those at the end of physio wailing lists. They also fund us to prowde infrastructure support lo other voluntary organisations. Funding from Parkinson's UK has enabled us to develop a 12 week program of exercise to help those wrth Parkinson's. 11 has been a very w)pular program which has n¢)w progresse(l into follow-up sessions. Our memory café relumed in 2022 with funds kindly provided by Budleigh Medical Centre. It is now a d8y-long session providing much need respite for ca￿r$. Our A¢tivity Club provides social a¢livilies for those who just want to come together. A few real stories.. Scrabble Group have created their own peer support. meeling up lo help with shopping, going on social outing etc. A previously housebound anxious individual has been reintroduced to the great outdoors with help of the Nature Buddy project. He has improved his fitness. reduced his anxiety and can now visit more places alone. His wife has noticed a huge improvement in his general mood and wellbeing. One of our Blokes on Buses participanls has got so much out of the trips his anxiety had reduced to such a level that he is considering volunteering. A lady was helping through our Friendship with a Focus lo gain Confiden￿ by joining group and clubs and now regularfy attends these on her own. One of our service users has found so many things lo do at Seachange his daughter jokes that he should move in. He regularfy enjoys a coffee and cake from Laur)chpad after a dass. Our Voluntary Sector Rep has signposted people lo get help white goods, food, and carpels and helped them apply for the financial help they are entitled to, making real-life changes. Befrienders are out in the (y)mmunity helping people Teoyjnnecl with their love of cooking, gardening and chatting. One of our amazing volunteers has helped a number of people apply for attendance allowance, meaning they can now use the money to help keep their independen￿. Lastly 8 quote from one ofour Servi￿ users. Andy.. "Seachange is a refuge in a sea, a calm safe place wrfh a lov&ly aura. The help is bstter than Ihg dwlors and has a iipple effect through the wnnections that are made". SEACHANGE DEVON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Fundralslng Seachange operates a number of different approaches lo securing funding. Our finanaal model is a mix of charging for some setvices and the use of facilities. securing fijnding from partner organisations to provide servi￿8 and fundraising from grant making tnjsts, individuals and the wider community- We have a ftjndraising plan in pla￿ lo grow our income from grant making trusts, individuals and the Community. We employ a 2 day a week fundraising officer is fr￿used on community fundraising, supporter and database care and ensuring applications are submiited lo grant making tnjsts. We also have a tr40 day a week marketing officer who supports fundraising alongside Ihe charity wide marketing, who is working to establish and build regular and legacy giving. Both of these roles are suptx)rted by senior operational slaff members who focus on ensuring applications to larger grant making trusts. organisations and partners are identified. written and submitted. Seachange Devon does not contract professional grant-seeking companies. Our first year fundraising as an independent charity has produced the planr)ed results with us securing new funding from a variety of grant making trusts and us establishing the systems and resources needed to build a sustainable fundraising function. We have a database in place. have registered to claim HMRC Gift Aid and have established a number of fundraising materials and case studies about the difference Seachange makes. The plans for the second year are lo build upon these foundations and to secure rr￿re mults" year income from grant making trusts, increase the number of individuals supporting us and to raise our fundraising profile in Ihe WEB community. Financial review 11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo between three and six month5. expendrture. The Trustees ￿nSider that reserves at this level will ensure that. in the event ol a signtficanl drop in funding. they will be able to continue the charity's current adivities while Gonsideralion is given to ways in which additional fund5 may be raised. In the first year of operation the Charity has found it dtfficult to maintsin the tsrget level of reserves. however additional funding has been received since the year end to sustain the tharity for the foreseeable future. Funds in deficit The deficit on unrestricted funds as al 31 March 2023 amounted to £29,569. sin￿ irs year*nd the charity has received additional funding to SUPFKJrt ts future trading enabling rt lo (yjnlinue sUPtK)rting the communty. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo mitigate exposure to the major risks. Plan$ for futurg pèrlods Seachange Devon will continue to provide front-line health and wellbeing ServI￿S to support the communities of East Devon. We currently operate mainly from our Budleigh base however we intend to seek a further base in Exmouth which is where the greatest area of need lies. We intend to increase our fundraising capacity to ensure donations continue to increase year on year. This will enable us to be sustainable on a long-temi basis. Structure. gov8manca and managèment The charity was founded as a charitable incorporated organisation ICIO) and regislered on 3 November 2021 wth the charity commission. The charity commenced trading on 1 April 2022 when the assets and activities were transferred from the former company Westbank Communtty Enterprises Limited (company number 108346791 which is in the prO￿sS of being closed. This has enabled better delivery of the c4)re activib"e5 and will enable mole OPPK)rtunities for external funding. Ian Christie Signed on 19/09/23 @ 14:15 Ste Signed on 19/09/23 phen Thomas @ 15:14 SEACHANGE DEVON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEACHANGE DEVON I r8POrt to the Trustees on my examination of the finanual statements of Seachangè Dèvon (the charity) for the yèar ended 31 March 2023. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial ststements in accordance with the requirements of the Charities Art 2011 (the 2011 Actl- I report in respect of my examinath.on of the charity's financial statemen15 carried out under section 145 of the 2011 Act. In carrwng out my examination I have followed all the appli(zble Direction5 gtven by the Charty Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the charity's gross income eX￿ede¢j £250.(￿0 your examiner wnusl be a member of a body listed in section 145 of the 2011 Act. I confirm that l awn qualtfied to underlake the examination because l am a member of ACCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in Preferen￿ lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understsnd that this ha5 been done in order for financial stslements lo provide a tnje and fair view in accordance with Generally Accepted Accounting Practice effective for rep(yting periods beginning on or after 1 January 2015. I have completed my examinabon. I confirni that no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records- or the financial statements do not comply wilh the applicable requirements concerning the form and content of 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. I have no Con￿MS and have come across no other matters in connection with the examination to which attention should be drawn in this rerK)rt in order to enable a proper understanding of the finanoal statements to be rea¢hed. Mr R J Wegnar FCCA Lentells Limited 17- 18LeachRoad Chard Business Park Chard Somerset TA20 1 FA Dated.. Signed Dn 1SYJ9123 @ 15 SEACHANGE DEVON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted Rèstricted funds funds 2023 2023 Total 2023 Notes Income and endowments from: Donations and legacies Charitsble aGtivities Other income 249,753 161.794 500 80.772 330,525 161.794 500 Total income 412,047 80,772 492,819 Ex nditure on: Charitsble acbvities 441,616 67,048 508,664 Net lexpenditurellincome for the yearl Net movement in funds 129.5691 13,724 115,8451 Fund balances al 1 April 2022 Fund balances at 31 March 2023 (29,569) 13,724 115,8451 The statement of financial activities indudes all gains and10&8es recognised in the year. All income and expenditure derive from continuing aCti￿tieS_ |Ian Christie
Signed on 19/09/23 @ 14:15|Stephen Thomas
Signed on 19/09/23 @15:14| |---|---| SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollelès Charity infomiation Sèachange Devon is a registeréd charity that sèeks to benèfit thè inhabitants of W(K)dbury, Exmouth and Budleigh Salterton and the surrounding area by the provision of faulities for the preservation and protection of good health and wellbeing, as well as of those in the inte￿$t$ of so¢ial welfare, regardless of age, infimiity, disability or finanryal ¢irCumstan￿$, with the object of improving the ¢ondib'on of life. 1.1 Accounting convention The finan¢ial statements have been prepare(J in accordance wth the charitys goveming document, the Charities Act 2C>11, FRS 102 "The Financial Reporbng Siandard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Rewrbng by Charilies.. Statement of Recommended Practice applicable to charities preparing Iheir accounis in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The tharity is a Public Benefil Entity as defined by FRS 102. The charity has taken advantage of Ihe provisions in the SORP for charities not to prepare a Statement of Cash Flows. The finanaal ststements have departe(J from the Charities lAC￿￿nts and ReKK)rtsl Regulab'ons 2008 only to the extent required to provide a tme and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Ststement of Recommended Practice which is referred to in the Regulations but which has Sin￿ been withdrawn. The financi81 statements 8re prep¥red in stsding. which is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial statements have been prepare(J under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern Al the time of approving the finanual slatements, the Trustees have a reasonable expectation that the charity has adequate reSoUr￿S to continue in operalior)al existen￿ for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the dI￿retIOn of Ihe Trustees in furtheran￿ of their charitsble objedives. Restricted ftjnds are subject to specific conditions by donors as lo how they may be used. The purposes and uses of the restricted ftjnds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that Ihe capital must be maintained by the charity. 1.4 Income Income is re￿nised when the ¢harity is legally enb.ued to il after any perfoman¢e Conditions have been met, the amounts can be measured reliably. and it is probable thal in¢ome will be received. Cash donations are recognised on receipt Other donatsons a￿ recognised once the charity has been notified of the donation, unless perfornian￿ conditions require deferral of the amounl. Income tax recoverable in relation to donab'ons received under Gift or deeds of covenant is recognised at the time of the donalion. SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) Legacies are recognised on receipt or otherwise if ihe charity has been notified of an impending distribLJtion, the amount is known, and receipt is expecled. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligab.on to transfer economic benefit to a third party. il 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 w5ts of each aclivity are made up of the lolal of direct costs and shared costs. including support costs involved in undertaking each adivity. Direct costs attributsble to a single activity are allocated dire¢dy to that activity- Shared costs which contribute to rnore than one activity and support costs which are not attributable to a single a¢tivity a￿ apportioned between those activities on a basis Consistent with the use of iesour¢es. Central staff Costs are allocated on the basis of time spent, and dep￿CiatIon Charges are allocated on the rK)rtion of the asset's use. 1.6 Tangiblè fixed assets Tangible fixed assets are initially measured at ojst and subsequenuy measured at ojst or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Motor vehicles 15% reducing balance 25% reduong balan The gain or loss arising on the disposal of an asset is detem)ined as the differen￿ befvleen the sale proceeds and the carrying value of the asset, and is recognised in the statement of finanual activities. 1.7 Impairment of fixed assets Al each reporting end dale, the charity reviews the Ca[￿ng amounts of ts tangible assets lo determine whether there is any indicabon that those assets have SLfftred an impairment Ios5. If any such indication exists, the recoverable amount of the asset 15 estimated in order to determine the exienl of the impaitmenl loss Irf any). 1.8 Stocks Stocks are stated at the lower of cost and eslimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the k)wer of replacement cost and cost. Nel realisable value is the estimated selling less all estimaled ￿)SIS of completion and costs to be incurred In marketing, selling and distn"bub"on. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid inveslrnenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilrtie5. SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies (Continued) 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Finanaal Instruments. and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of ts financial instruments. Financial instruments are recognised in the thariWs balan￿ sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are off5el. wth the net amounts presented in the financial slalernenls, when there is a legally enforceable right to set off the recconised arnounts and there is an intention lo setue on a nel basis or lo realise the asset and settle the liabilty simultsneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balan¢e5, are initially measured al transaction price including lransacb.on costs and are subsequently carried at arriorb"5ed cost using the effective interest method unless the arrangement constitules a financing transaction, where the transaction is measured al the present value of the future re￿ip1S disCOUnte(l al a market rale of interest. Financial assets dassified as re￿1vable wthin one year are not arwK)rb"5ed. Basic financial liabilities Basic financial liabilrfcies. including creditors and bank loans are initially recognised al transaction price unless the arrangement constitute5 a finanGing transaction. where the debt instrument is measured al the present value of the future payrnents discounted at a market tate of interest_ Finan(ial liabilities classified as payable within one year are not amortised. Debt instruments a￿ subsequendy carried at amortise(l cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, ihey a￿ presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al aM0￿.sed cosl using the effective interest method. Dere¢ognition of fin•n¢i•l liabilities Financial liabilities are derecognised when the tharity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entiuement is recognised in the period in which the employee's seNices are received. Terminats'on benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiinatson benefits. 1.12 R¢tlr•ment bèneflts Payments to defined contribution retirement benefil schemes are tharged as an expense as they fall due. 10- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Crltleal aecountlng ostlmatos and Judg•m•nts In the application of the charity's accounb.ng policies, the Trustee5 are required to make judgements, eslimales and assumpb.ons about the carrying amount of assets and liabilities th8t are not readily apparent from other sources. The estimates and 85soGiated assumptions are based on hisloriGal experien￿ and other factors that are conSide￿d to be ￿levant. A¢tu81 results may drffer from these estimates. The eskn'mates and undedwng assumptions are reviewed on an ongoing basi5. Revisions lo accounting estimates are recognised in the period in whith the e5b.mate is remsed where the revision affects only that period. or in the period of the revision and luture ￿riodS where the revision afftrcls both current and future periods. Donations and legacies Unrestricted Restricted nds funds general 2023 Total 2023 2023 Donations and gifts Grants re￿1vable 47,644 202,109 47,644 282,881 80.772 249.753 80,772 330,525 Charltsbl¢ actlvltl¢$ Health & well being 2023 Sales within Charitable activ￿e$ 161,794 other income Unrestrlct8d funds general 2023 Other inwme 500 11 SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltablo actlvltlos Health & well being 2023 Staff Costs Depreciation and impairment Rent Water rates Light & heat Propety repairs & maintenance Equipment hire & repairs Cleaning & refuse collection Fundraising expenses Marketing & promotion Instructor hire Motor expenses Meals & entertainment Room hire Volunteers training & mileage Grant expenses Afghan refugee project expenses Other charitable expenditure 182,014 1,437 64,302 3,246 51,944 35,200 7.010 48,579 3,970 9.308 11.650 8,620 9,711 1.055 15,294 5,816 958 11,636 471,750 Share of support costs Isee note 7) 36,914 508,664 Analysis by fund Unrestricted funds - gener81 Restricted funds 441.616 67,048 508.664 12- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Prinling, siats'onery & postage Telephone & intemet Computer software & maintenance Insurance Independent examination fee B(K)kkeeping & payroll adminstration Legal & professional fees Bank charges Subscriptions & publication5 1,954 2,389 11,689 3,696 1,140 6,679 3,777 2,215 3,375 1,954 2,389 11,689 3,696 1,140 6.679 3,777 2,21 S 3.375 36,914 36.914 Analysed be￿een Charitable activities 36,914 36,914 Support costs includes the following ServI￿S supplied by the independent examiner.- Independent examination £1.140 Bcx)kkeeping £1,440 Payroll assistan￿ £1,334 Trustees None of the Tnjstees lor any persons connected with them) received any remuneration or benefits from the ¢harity during the year. Employees The average monthly number of employees during the year was: 2023 Number 13 Employment costs 2023 Wages and salaries So¢ial security ¢osts Other pension costs 170.767 6,876 2,455 182.014 There were no employees whose annual remuneration was more than £60,000. 13- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Taxatlon The charity is exempt from tax on income and gains falling wrthin section 505 of the Taxes Act 1988 or section 252 of the Taxats"onof Chargeable Gains Ad 1992 to the extent that these are applied lo ts charitable objects. 11 Tangible fixed assets Flthres and Motor vvhlcl8s fittings Total Cost Additions 1.247 5,000 6,247 At 31 March 2023 1,247 5,000 6,247 Depre¢iation and impairment Depreaation charged in the year 187 1,250 1,437 Al 31 March 2023 187 1,250 1,437 Carrying amount Al 31 March 2023 1.060 3,750 4,810 12 Stocks 2023 Finished goods and goods for resale 300 13 Debtors 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 7,621 8,725 5,826 22,172 14- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Cr•dltors: amounts falllng duè wlthln onè year 2023 Notes other taxation and soual security Deferred income Trade Creditors Other creditors Accruals 2,993 26,722 20,913 2,500 7,858 16 60,986 15 Credltors: amounts falllng du¢ after more than on¢ year 2023 Other creditors 6,000 16 Deferred income 2023 Other deferred income 26,722 Deferred income is induded in the finan(ial statements as follows.. 2023 Deferred income is induded within.. Current liabilities 26,722 Movements in the year Deferred income at 1 April 2022 Resour￿5 deferred in the year 26.722 Deferred income at 31 March 2023 26,722 Income has been defe￿e￿ where funding has been received for future proje¢ts. 15- SEACHANGE DEVON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 R•strlct•d funds The income funds of the charity irhclude reslricled funds comprising the following unexpended balan￿S of donations and grants held on trust for specffic purposes.. Movement in funds Incoming Resourc85 Balance at resources expended 31 March 2023 Community activities Cost of living Loneliness & isolation project Marketing post Gym equipment 45.778 13,507 6,000 5,000 10.487 140.2791 111,2821 5.499 2,225 6,000 15,0001 110,4871 80,772 167,0481 13,724 Restricted fvnds during the year ending 31 March 2023 consisted of'.- Community activities- physical and social activities to promote gwd health Cost of living- practical help lo supw)rt those in a ￿st-Of-llvl￿g crisis Loneliness & isolation project- Over-arching project to reduce lonelines5 and Social isolation in East Devon Marketing post- Specific funding to pay for a marketing post at Seachange Gym equipment- Specific funding to pay for new gym equipment 18 Analysis of net assets between funds Unrestricted Restrtcted funds funds 2023 2023 Total 2023 Fund balances 8t 31 M8rch 2023 S￿ represented by. Tangible assets Current assetsllliabilitiesl Long term liabilities 4,810 128,3791 16.0001 4,810 114,6551 16,0001 13.724 129,5691 13.724 115,8451 19 Related party transactions There were no disclosable related pariy transactions during the year l - none}. 16-