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2024-11-30-accounts

Trustee Report 2024

for the period 1 November 2023 to 30 November 2024. SEDSConnective operated as Sussex EhlersDanlos Syndromes and Hypermobility Disorders (SEDS) CIC whose assets and liabilities were transferred to SEDSConnective on 19 July 2022.

Objectives and activities

a. Policies and objectives - Sussex, the surrounding areas and beyond, as the Trustees see fit, is:

To relieve the needs of people (and their families and or their carers) living with Ehlers-Danlos Syndrome (EDS), Hypermobility Spectrum Disorders (HSD) or symptomatic hypermobility, neurodivergent conditions and any associated conditions or symptoms, in particular but not exclusively, by:

a) providing advice, information and peer support as well as funding for activities, support services and equipment;

b) advancing the education of the public and allied professionals by raising awareness of the above conditions.

For the purpose of this object, “neurodivergent conditions” include, but not exclusively, Autism, Attention Deficit Hyperactivity Disorder (ADHD), Dyspraxia and Tourette’s Syndrome. “Associated conditions or symptoms” include, but are not limited to, fibromyalgia, M.E/CFS (Chronic Fatigue Syndrome), Allergies and Postural Tachycardia Syndrome (POTS).

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

a. Review of activities - neurodivergent community, by providing support for individuals with symptomatic hypermobility and related conditions, including Ehlers-Danlos Syndromes and neurodivergence. The prevalence of these conditions is higher than commonly reported, emphasising the need for improved diagnosis, support and understanding. SEDSConnective is run primarily by volunteers but also sources specialist practitioners to run several activities that are put into place in co-production with its members. The charity also uses webinars, focus groups, polls and surveys to be sure it is delivering exactly what its members want. Activities include:

b. Investment policy and performance - It is the policy of the charity to maintain Reserves for both restricted and unrestricted funds in cash. The charity has not yet accumulated su]icient funds to consider establishing a formal Investment Policy.

Balance Sheet

SEDSConnective CIO

As at 30 November 2024

Balance Sheet
SEDSConnective CIO
As at 30 November 2024		 Balance Sheet
SEDSConnective CIO
As at 30 November 2024
30 NOV 2024
Fixed Assets
Tangible Assets
Computer Equipment
3,523.60
Less Accumulated Depreciation on Computer Equipment
(2,349.06)
Less Accumulated Depreciation on Office Equipment
(1,092.38)
Office Equipment
2,730.96
Total Tangible Assets
2,813.12
Total Fixed Assets
2,813.12
Current Assets
Cash at bank and in hand
SEDSConnective
53,532.16
Total Cash at bank and in hand
53,532.16
Prepayments
291.12
Total Current Assets
53,823.28
Creditors: amounts falling due withinone year
Accounts Payable
531.21
Accruals
3,342.42
Total Creditors: amounts falling due within one year
3,873.63
Net Current Assets (Liabilities)
49,949.65
Total Assets less Current Liabilities
52,762.77
Net Assets
52,762.77
Capital and Reserves
Current Year Earnings
22,272.81
Restricted Grants
27,385.88
Retained Earnings
3,104.08
Total Capital and Reserves
52,762.77

10 Sept 2025 Page 1 of 1

Balance Sheet SEDSConnective CIO

Charity number: 1199724

SEDSCONNECTIVE CIO

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

SEDSCONNECTIVE CIO

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 21

SEDSCONNECTIVE CIO

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2024

Trustees Jane Green, Chair
David Mason (resigned 31 May 2024)
Stephanie Lucas, Treasurer (appointed 1 February 2025)
Monica Collins (resigned 31 March 2025)
Kelly Harris
Abraham Arshad (resigned 28 February 2025)
Katy Brizell (appointed 15 April 2024)
Andrea Sanchez (appointed 15 April 2024)
Sonal Bisht (appointed 15 April 2025)
Lkhagvadulam Battumur, Vice Treasurer (appointed 22 August 2025)
Joanna Feanley (appointed 22 February 2024, resigned 30 June 2025)
Charity registered
number
1199724
Principal office
Planet House
North Heath Lane Industrial Estate
Horsham
West Sussex
RH12 5QE
Accountants
GMBC LLP
Chartered Tax Advisers and Accountants
Marine House
151 Western Road
Haywards Heath
West Sussex
RH16 3LH

Page 1

SEDSCONNECTIVE CIO

TRUSTEES' REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024

The Trustees present their annual report together with the financial statements of the SEDSConnective CIO for the 1 December 2023 to 30 November 2024.

Objectives and activities

a. Policies and objectives

The object of the CIO, to be carried out for the public benefit primarily in Sussex, the surrounding areas and beyond, as the Trustees see fit, is:

To relieve the needs of people (and their families and or their carers) living with Ehlers-Danlos Syndrome (EDS), Hypermobility Spectrum Disorders (HSD) or symptomatic hypermobility, neurodivergent conditions and any associated conditions or symptoms, in particular but not exclusively, by:

a) providing advice, information and peer support as well as funding for activities, support services and equipment; b) advancing the education of the public and allied professionals by raising awareness of the above conditions.

For the purpose of this object, “neurodivergent conditions” include, but not exclusively, Autism, Attention Deficit Hyperactivity Disorder (ADHD), Dyspraxia and Tourette’s Syndrome. “Associated conditions or symptoms” include, but are not limited to, fibromyalgia, M.E/CFS (Chronic Fatigue Syndrome), Allergies and Postural Tachycardia Syndrome (POTS).

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Achievements and performance

a. Review of activities

SEDSConnective addresses a significant gap in understanding for the neurodivergent community, by providing support for individuals with symptomatic hypermobility and related conditions, including Ehlers-Danlos Syndromes and neurodivergence. The prevalence of these conditions is higher than commonly reported, emphasising the need for improved diagnosis, support and understanding.

SEDSConnective is run primarily by volunteers but also sources specialist practitioners to run several activities that are put into place in co-production with its members. The charity also uses webinars, focus groups, polls and surveys to be sure it is delivering exactly what its members want. Activities include:

b. Investment policy and performance

It is the policy of the charity to maintain Reserves for both restricted and unrestricted funds in cash. The charity has not yet accumulated sufficient funds to consider establishing a formal Investment Policy.nput

Financial review

Page 2

SEDSCONNECTIVE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level of between 3 to 6 months of the resources expended. At this level the Trustees feel that in the event of a significant drop in funding, they would be able to continue the current activities of the charity for a limited period and discharge all financial and contractual liabilities. It would obviously be necessary to consider how funding would be replaced and/or activities changed.

c. Principal funding

The charity’s principal source of funding is in the form of cash grants for which the charity has to apply on an individual basis as and when the funding opportunity becomes available. For the period covered by this report, the most significant grants came from The National Lottery and Postcode Society.

Structure, governance and management

a. Constitution

SEDSConnective CIO is a registered charity, number 1199724, and is governed by a Constitution dated 20 July 2022.

b. Methods of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co opted under the terms of the Constitution. The Board of Trustees must have a minimum of three members; there is no maximum number of charity trustees that may be appointed to the CIO.

c. Organisational structure and decision-making policies

The Board of Trustees delegates the running of the day to day operations of the charity to the Chief Executive Officer who is also the Chair of the Trustees. To facilitate effective operations, the CEO has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment, and performance related activities.

d. Policies adopted for the induction and training of Trustees

New Trustees undergo an induction session with SEDSConnective to brief them on their obligations under charity law, the content of the Constitution, the committee and decision-making processes, the business plan, budget and recent performance of the charity and the policies of the charity. During the induction session they meet other Trustees. Trustees are encouraged to attend appropriate training and information sessions to facilitate the undertaking of their role

Page 3

SEDSCONNECTIVE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

Structure, governance and management (continued)

e. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

The charity is run almost entirely by volunteers and is dependent on successful grant applications to fund the services it provides. The most significant risks facing SEDSConnective therefore relate to securing and maintaining its income streams and ensuring there is adequate cover for volunteers who are themselves potentially vulnerable to medical complications.

A financial landscape of rising inflation and a cost of living crisis has direct implications for charities like SEDSConnective, who are grappling with the difficult reality of increased operational costs and diminishing donation values. The financial challenges could hinder the ability of SEDSConnective to fulfil its mission effectively. In this challenging environment, the need for funding support becomes even more pressing for small charities like SEDSConnective. An income shortfall would threaten to limit its capacity to provide vital services, conduct outreach programmes, and support the community effectively.

Page 4

SEDSCONNECTIVE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

Plans for future periods

SEDSConnective operates in a niche market catering to individuals with symptomatic hypermobility, EDS, HSD and neurodivergent conditions such as autism, ADHD dyspraxia and Tourettes not leaving out other neurodivergent conditions such as dyscalculia, dyslexia and mental health disorders. The prevalence of these conditions, along with the challenges faced by individuals in obtaining accurate diagnoses, highlights the significant need for support and awareness. Market research reveals a growing demand for services, with a high percentage of individuals experiencing misdiagnoses and seeking accurate information. While competition exists from other charities and organisations, SEDSConnective's unique focus on neurodivergent education, health, social care, transport and employment and its strong research partnerships position it as a valuable player in the sector. The organisation has a solid foundation, excellent reputation as experts and is poised for growth, with opportunities to expand its reach, strengthen its market position, and become an internationally recognized charity.

The charity’s focus ahead will be on executing its business plan, with the following objectives:

Launching targeted marketing campaigns.

Developing referral programmes.

Creating a diversified fundraising strategy. Targeting major grants and funding opportunities. Establishing corporate sponsorship partnerships.

Establishing partnerships in new locations and launching activities and events there.

Page 5

SEDSCONNECTIVE CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Jane Green (Chair of Trustees) Date:

Page 6

SEDSCONNECTIVE CIO

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024

Independent examiner's report to the Trustees of SEDSCONNECTIVE CIO ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 November 2024.

Responsibilities and basis of report

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

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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 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 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Dated: 28 August 2025

Graham Hole (CTA)

Marine House 151 Western Road Haywards Heath West Sussex RH16 3LH

Page 7

SEDSCONNECTIVE CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2024

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
25,500
-
-
25,500
12,858
12,858
12,642
14,744
12,642
27,386		 Unrestricted
funds
2024
£
15,361
1,448
-
16,809
7,177
7,177
9,632
15,746
9,632
25,378		 Total
funds
2024
£
40,861
1,448
-
42,309
20,035
20,035
22,274
30,490
22,274
52,764		 Total
funds
2023
£
38,779
1,870
300
40,949
26,768
26,768
14,181
16,309
14,181
30,490

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 21 form part of these financial statements.

Page 8

SEDSCONNECTIVE CIO

BALANCE SHEET AS AT 30 NOVEMBER 2024

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 291
53,532
53,823
(3,873)		 2024
£
2,813
2,813
49,950
52,763
52,763
52,763
27,386
25,377
52,763		 339
28,103
28,442
(2,486)		 2023
£
4,534
4,534
25,956
30,490
30,490
30,490
14,744
15,746
30,490

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ Jane Green (Chair of Trustees)

Date:

The notes on pages 10 to 21 form part of these financial statements.

Page 9

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

1. General information

SEDSConnective CIO is a registered charity number 1199724. The principal office is Planet House, North Heath Lane Industrial Estate, Horsham, West Sussex, RH12 5QE.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

SEDSCONNECTIVE CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

Page 10

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

2. Accounting policies (continued)

2.3 Expenditure (continued)

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £100 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

Page 11

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

2. Accounting policies (continued)

2.9 Financial instruments

The Charity only has financial assets and financial 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Grants
Total 2023		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
1,208
25,500
14,153
25,500
15,361
30,410
8,369		 Total
funds
2024
£
1,208
39,653
40,861
38,779		 Total
funds
2023
£
1,726
37,053
38,779

4. Income from other trading activities

Page 12

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

4. Income from other trading activities (continued)

Income from non charitable trading activities

Unrestricted
funds
2024
£
Charity trading income - Domestic
1,448
Total 2023
1,870
5.
Investment income
Unrestricted
funds
2024
£
Investment income - local cash
-
Total 2023
300
6.
Analysis of expenditure on charitable activities
Summary by fund type
Restricted
funds
2024
Unrestricted
funds
2024
£
£
Supporting members and expanding
awareness
12,858
7,177
Total 2023
16,916
9,852		 Total
funds
2024
£
1,448
1,870
Total
funds
2024
£
-
300
Total
2024
£
20,035
26,768		 Total
funds
2023
£
1,870
Total
funds
2023
£
300
Total
2023
£
26,768

Page 13

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

7. Analysis of expenditure by activities

Supporting members and expanding
awareness
Total 2023		 Activities
undertaken
directly
2024
£
9,379
8,696		 Support
costs
2024
£
10,656
18,072		 Total
funds
2024
£
20,035
26,768		 Total
funds
2023
£
26,768

Analysis of direct costs

Pilates classes and other therapeutic activities
Fundraising expenses
Other direct costs
Total 2023		 Activities
2024
£
3,093
5,400
886
9,379
8,696		 Total
funds
2024
£
3,093
5,400
886
9,379
8,696		 Total
funds
2023
£
6,489
1,953
254
8,696

Page 14

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Activities
2024
£
Depreciation
1,721
Bank Charges
1
Subscriptions
17
Telecommunications
108
IT Software and consumables
1,911
Advertising and marketing
38
Audit & accountancy fee
800
Insurance
-
Legal & professional
40
Travel and subsistence
53
Administrative support
5,650
Other office cost
317
10,656
Total 2023
18,072
8.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Total
funds
2024
£
1,721
1
17
108
1,911
38
800
-
40
53
5,650
317
10,656
18,072
2024
£
800		 Total
funds
2023
£
1,721
5
2,254
398
1,415
1,739
600
544
755
1,297
7,017
327
18,072
2023
£
600

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

Page 15

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

9. Trustees' remuneration and expenses (continued)

During the period, no Trustees received any remuneration or other benefits.

During the year ended 30 November 2024, expenses totalling £1,127 were reimbursed or paid directly to 6 Trustees. The expenses reimbursed related mainly to travel and subsistence costs.(2023: 2167)

10. Tangible fixed assets

Cost or valuation
At 1 December 2023
At 30 November 2024
Depreciation
At 1 December 2023
Charge for the year
At 30 November 2024
Net book value
At 30 November 2024
At 30 November 2023
Debtors
Due after more than one year
Trade debtors
Prepayments and accrued income		 Office
equipment
£
2,731
2,731
546
1,175
1,721
1,010
2,185		 Computer
equipment
£
3,524
3,524
1,175
546
1,721
1,803
2,349
2024
£
-
291
291
291		 Total
£
6,255
6,255
1,721
1,721
3,442
2,813
4,534
2023
£
302
37
339
339

11. Debtors

Page 16

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

12. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income		 2024
£
531
-
3,342
3,873		 2023
£
1,346
15
1,125
2,486

13. Financial instruments

Financial assets
Financial assets measured at amortised cost
Financial liabilities
Other financial liabilities measured at amortised cost		 2024
£
53,532
2024
£
(3,873)		 2023
£
28,103
2023
£
(2,486)

Financial assets measured at amortised cost comprise cash at bank and in hand and other debtors. Other financial liabilities measured at amortised cost comprise accruals.

Page 17

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Gatwick Airport Community Trust
Crawley Borough Council
Active Sussex
Sussex Community Foundation
Versus Arthritis
National Lottery
Horsham District Council Community Fund
Brighton & Hove Council
Total of funds		 Balance at 1
December
2023
£
15,746
1,011
1,175
3,160
4,591
2,918
1,389
500
-
14,744
30,490		 Income
£
16,808
-
-
-
-
-
20,000
3,500
2,000
25,500
42,308		 Expenditure
£
(7,177)
(6)
(744)
-
-
(1,721)
(8,887)
-
(1,500)
(12,858)
(20,035)		 Balance at
30
November
2024
£
25,377
1,005
431
3,160
4,591
1,197
12,502
4,000
500
27,386
52,763

Page 18

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds 1
Restricted funds
Gatwick Airport Community
Trust
Crawley Borough Council
Active Sussex
Sussex Community Foundation
Versus Arthritis
National Lottery
Horsham District Council
Community Fund
Other
Total of funds		 Balance at
1 July 2022
£
8,570
1,250
-
-
-
-
3,142
-
3,347
7,739
16,309		 Income
£
10,539
-
1,250
3,160
5,500
10,000
10,000
500
-
30,410
40,949		 Expenditure
£
(9,852)
(239)
(75)
-
(909)
(7,082)
(8,611)
-
-
(16,916)
(26,768)		 Transfers
in/out
£
6,489
-
-
-
-
-
(3,142)
-
(3,347)
(6,489)
-		 Balance at
30
November
2023
£
15,746
1,011
1,175
3,160
4,591
2,918
1,389
500
-
14,744
30,490

15. Summary of funds

Page 19

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

15. Summary of funds (continued)

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
December
2023
£
15,746
14,744
30,490		 Income
£
16,808
25,500
42,308		 Expenditure
£
(7,177)
(12,858)
(20,035)		 Balance at
30
November
2024
£
25,377
27,386
52,763

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 July 2022
£
8,570
7,739
16,309		 Income
£
10,539
30,410
40,949		 Expenditure
£
(9,852)
(16,916)
(26,768)		 Transfers
in/out
£
6,489
(6,489)
-		 Balance at
30
November
2023
£
15,746
14,744
30,490

16. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Debtors due after more than one year
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
1,197
1,616
-
291
26,189
27,343
-
(3,873)
27,386
25,377		 Total
funds
2024
£
2,813
291
53,532
(3,873)
52,763

Page 20

SEDSCONNECTIVE CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Debtors due after more than one year
Current assets
Creditors due within one year
Total		 Restricted
funds
2023
£
2,918
-
11,826
-
14,744		 Unrestricted
funds
2023
£
1,616
339
16,277
(2,486)
15,746		 Total
funds
2023
£
4,534
339
28,103
(2,486)
30,490

Page 21

SEDSConnective CIO 2024

Final Audit Report

2025-08-28

Created: 2025-08-28 By: Graham Hole (graham@gmbc.uk) Status: Signed Transaction ID: CBJCHBCAABAAm5X2bHxwmDNR2Ga0m4z9QObM9SdkyJoB

"SEDSConnective CIO 2024" History

Document created by Graham Hole (graham@gmbc.uk)

2025-08-28 - 11:55:10 AM GMT

Document emailed to Jane Green (chair@sedsconnective.org) for signature

2025-08-28 - 11:55:14 AM GMT

Email viewed by Jane Green (chair@sedsconnective.org)

2025-08-28 - 11:56:38 AM GMT

Document e-signed by Jane Green (chair@sedsconnective.org)

Signature Date: 2025-08-28 - 11:58:21 AM GMT - Time Source: server

Agreement completed.

2025-08-28 - 11:58:21 AM GMT