## **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:
- Online and in person Pilates classes
- Administrative Support
- Specialist equipment for Pilates
- EDS Specialist instructors for advice and lessons
**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:
- Online and in person Pilates classes
- Administrative Support
- Specialist equipment for Pilates
- EDS Specialist instructors for advice and lessons
## **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**
- Ongoing financial support is crucial to sustain and expand our programmes, improve access to resources, and provide comprehensive support services to individuals with symptomatic hypermobility and related conditions. We aim to establish strong collaborations with like-minded charities and groups to leverage collective expertise, share best practices, and enhance the overall support network for our target audience.
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:
- Expand membership by:
Launching targeted marketing campaigns.
Developing referral programmes.
- Enhance the service offerings by:
- Developing new educational resources. Organising specialised workshops and events.
- Ensure financial stability by:
Creating a diversified fundraising strategy. Targeting major grants and funding opportunities. Establishing corporate sponsorship partnerships.
- Geographic expansion by: Identifying new regions for expansion and targeting market research there.
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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:
- Office equipment 20% straight line - Computer equipment 33.33% straight line
## **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