BHT Sussex
Report and Financial Statements
For the Year ended 3111t March 2022
Companies House Number 01618610
Charity Commission Number 284839
Regulator of S¢xial Housing Number H1696

Contents
Pages
Referen￿ and Administrative Details
Chair's Report
Strategic Report from the Board of Trustees
4-15
Independent Auditorfs Report
16-18
Statement of Comprehensive Income
19
Statement of Financial Position
20
statement of Changes in Reserves
21
statement of Cash Flows
22
Notes Forming Part of the Financial Statements
23-44

Reference and Admlnistrative Detalls
Board of Trustees
Executive Managemont
Joan Mortimer- Chair, Resigned 1311212021
Sarah Buuer
Leona Daniel - Resigned 1311212021
Melanie Davis
Peter Freeman - Resigned 2310912022
Roger Hinton- Resigned 1910612022
Kelvin MacDonald, Chair from 1311212021
Gerald Main
lan Millar
Mary Tawiah
Paul Williams- Resigned 0610912021
Paul Featherstone
Nicholas Willmore - Resigned 2310912022
Lawrence Santcross- Appointed 1311212021
Angeline Walker- Appointed 1311212021
Andrew Rose- Appointed 1311212021
Andy Wnter
Chief Execulive
David Chaffey
Director of Housing & Property
Sunil Desai
Director of Finance & Resources
Nikki Homewood
Director of Advice & Support Setvices
Rachael Kenny
01￿ctor of Mental Health & Support Services
Govemanee Committe•
Company Secretary & Registered Office
Sunil Desai
144 Lon¢Jon Road
Br￿hton
BN14PH
Joan Mortimer
Peter Freeman
Melanie Davis
Kelvin MacDonald, Chair
Finance, Audlt and Risk Committee
Princlpal Sollcltors
Peter Freeman. Chair
Leona Daniel
Roger Hinton
Mary Tawiah
Paul Wllkams
Sarah Butler
Lawrence Sanlcrosg
Angeline Walker
Andrew Rose
DMH Slallard LLP
1 Jubilee Sire81
Brighton
East Sussex
BNI 1GE
Operations & Personnel Cornmltteo
Bankars
Melanie Davis. Chir
Sarah Butler
Gerald Main
lan Millar
Joan Mortimer
Kelvin MacDonald
Nicholas Imllmore
Paul Featherstone
Royal Bank of Scouand
PO Box 300
Brighton
East Sussex
Auditors
BDO LLP
2 City Place
Beehive Ring Road
Gahvick
Wesl Sussex
RH6 OPA
Rgmuneratlon Commlttee
Melanie Davis. Chair
Sarah Butler
Kelvin MacDonald
Gerald Main
lan Millar
Joan Mortimer
Paul Featherslone
Nicholas Willmore

Chair's RepoTt for the
ear ended 31st March 2022
ChaiVs Report
I have had the honour of'being the Chair of BHT Susoex from December 2021. having been on the
Board for four an.d a half years. I realisÈ"d.when l joined the Board that l.had 8t8rted on a joumey of
legming day by day aboLrt the extraordinary iyork that BHT Sussex does and the many ways in
which it Gha.ng88 Indpiidual lives.
This Annual Report Sets out ih sfgti8tl¢8 and in cllenl 8tories how we have aided, guided, advised
and housgd.
I find thè pure breadth of thls work hardto take in- ranging as it does from specialist housir
beneffts and Immlgration advice Services to supportlng those in their journey out of addiGliori: from
asslsling paopl8 into decent housina and Into employment to helping paople deal Ihe
consequences of sleeping rough,. from mèrtal health and wellbein9 seNl¢e8 to bekng g housln
association with 766 Properties.
In doin9 all this. BHT Sussex is driven by a vrdy of Working that puts our dlents and tenants first and
ljstens to their needs and aspirations before accompanying them on their journey'of thange.".Our
exp8ri6nce shows that those with whom we work may well have a variety of challenges that they
face- 2.788 of our Clients identified as dlsabled. for example - and the range of servicès that v
offer arKllhe pure professlonalisnv of the staff Ihat deliver them rneans that we can addre58 complex
challenges In a holistic way. notably ibrough taking a psythologicaTry infomed appmach- a fact
Bb)ul which l am tremendOu*Jy pioud.
It'would_ be Invidious tor'me totocus on ony one moasure of.the work we do as all are equally
im"portanL However., when i.see from this report that, for example, We have provided for
9.7CI2 unique clienCs- 2 50% increase from two years ag.o. that we have.pr8venled homelessness in
1.177 cases Qr that our welfaFe ben8fit adviser5 have ralsed £4.7 million for 581 clients. I thlnk of the
lfves that we have tr￿Ched- not only of our clients and tenants, bLrt of their colloagu¢s. friends gnd
fathllle&
These figures are Impressive enough In themselv¢s. but it has also been yel another year of overall
change for BHT Sussex. Having merged with Sussex Oakleaf In 2020, in 20218HT Sussex SeCu￿d
fts larg'e8t"ever cootr.a¢t, valued at £3.8 Millic￿ per annurn, to delivèr the East Sussex Floating
Support seTvice. supporling 6,000 people in their oym horDe&. Wrth this contract. 93 new merribef8
of staff joined BHT Sussex.
All this work ha8 Garried on ivhilst dealing with the global pandemic and I want to partiGularfy mark
the dedicati.on aDd profesSitJialisM of all the $taff and volunteers-who have worked tsnspartngly to
minimise the" eff8cls that this has'had on our slaff and.on thè.delNery of our. s"orvices, Thank you to
yiiu ati.
Thank you also to Joan Mortimer. my predecessor: and my fellow Board members who have
willinyiy given Iheir time and théir wisdom to guide BHT Sussex in all Ihat it dtJes.
The figures set out in this Annual Report clgarty demDn8trate the vital work that BHT Sussex fo.
lhose most in need. I ￿lle this Chair's report as the teal impacts of risirvJ prices end costs, notably
In"energy prices,.are becoming daar. The c05t oyliving crisTS- and it is a crisis - 15 already hitting
the poorest and most vulnerabjè in society the hardesL BHT Sussex'3 serv1￿9 will be needed nore
than 8ver but our abi1Sly to provide them faced as we.arè too with rising costs will be severely
challenged.
Finally, this is the final Annual Report to be produted under the direGtion of our Chief Executive. Andy
nter, who Is to retire In January 2023 after 37 years, 20 os its ChEf ExeGutive. BFrr Sussex's debt
to Andy is imfftea8urabte 4nd, more importantty. so is.the debt owed by many thouBand8 of our clients
and our tenants. This report is not the place to set out in full our thanki to Andy and Ibese will be
recorded elgewhère.
Kelvin MacDonaSd
Chair of the Board
Datè- 2310912022

Strategic Report from the Board of Trustees for the year ended 31$1 March 2022
Report of the Board of Trustees
The Trustees are pleased to present their Annual Report and the FinanGial Staternents of BHT
Jt
Sussex for the year ended 31 March 2022.
AIMS AND OBJECTIVES
Our overall Mission is to combat homelessness, create opportunities for our clients and tenants, and
to promote change. In order lo do this, we have established six Strategic Objecttves. These
Objectives are:
• Em
werin
Clients and Tenants.. Clients and tenants are supported to take greater control over
their own lives. This includes helping people come to ternis with mental health problems, thereby
reducing hospital admissions and allowing people to live more independently. People with
addictions are supported into abstinence and recovery, thereby increasing life choices around
8duGation. training and employment, as well as sustainable housing.
Prevention of Homelessness." Those facing homelessness were supported by the Advice Cèntres
where we prevented 688 (2021.. 453) households from becoming homeless. with all the negative
consequences to their lives and those of their children. Those with a limited or no history of
employment are supported to gain work experience, undertake education and training, and
secure employment. The reduction in the number of prevention cases was due to the
govemmenl's moratorium on evidions.
• Im
rovin
Our ServiGeK. All services are reviewed on an annual basis and teams prepare
improvement plans to ensure that their services remain relevant to client needs and meet local
strategic priorities. We relained our Investors in People Silver rating. We review and act on
feedback re￿iVed from tenants and clients to improve s8rvices. This indudes reviewing learning
from complaints received.
Increasin Our Influence". By promoting the experience of our clients and tenants, we attract
attention from policymakers, commissioners and other opinion makers. We remain a 'Go To.
organisation for the media and have had inpul into various policy reviews at a local and national
level. Through our leadership of the Fulfilling Lives Partnership in the south-east, the
https.'Ilwww.bht.org.uklri
le-effect-overview-systems-principles-and-melhods.pdf sets out a
number of measures to improve and strengthen services offered to those who have multiple and
complex needs.
• Im
rovin
Our Financial Stren th.. By retaining a dear focus on the financial perfomian¢e of the
organisation and seeking opportunities to grow as well as spreading Costs more Y￿delY. we
improve our financial strength. The merger with Sussex Oakleaf saw us extend our services into
Mid Sussex and Crawley, and the successful tender for the East Sussex Floating Support Service
consolidated our position as a major service provider throughout East Sussèx.
Seekin
ualit Growlh: No￿lthStanding the Covid-19 pandemi¢, we have achieved significant
growth during the period Sin￿ March 2020 with the merger and new contracts. Our staff
numbers have increased from 250 to over 350 and our tumover has increased from £14m to
£15m and is expected to be £17m by March 2023.
This has already led to new opportunities in both Mid Sussex and Crawley. A review of existing
assets has presented opportunities for the redevelopment of sites to increase the number of
homes that we provide.

Strategic Report from the Board of Trustees (continued)
for tha
ear ended 315t March 2022
OUR BUSINESS MODEL
Our business model is based on five core prtnciples:
Recruitin
and Retainin
Staff. We have continued to have a workforce equipped to
deliver services of excellence. Our salaries and ernployment temis remain competitive locally so
thal we can attract quality applicants and we do not lose key staff to partners and competitors.
More difficulties have been experienced in recruitment although there is a recognition that salary
levels for staff who transferred from the former Sussex Oakleaf has posed a few recruitment
Challenges. l*Vhile staff tumover has been higher than anticipated. no underiying negative causes
have been identified. We are aiming to increase our Investors in People accreditation to Gold,
evidence that we are an organisation that seeks continuous improvement in our employment
practices.
Maximisin
Income Streams.. Income from rents and service charges continued to make up over
50% of our income. Void rent loss increased to 80h compared to a target of 5Yo. This adverse
trend was due to higher voids in Supported Housing as a resu￿ of the restrictions due to the
continuation of the pandemic. This is not an ongoing issue as restrictions are lifted, nor d￿S it
reflect an undertying problem. Increased loss of income through void properties was offset, in
part, by better rent collection. Arrears were 4.90A (£389k) on 31° March 2022 compared to a
forecast of 5.80/0 (£458k). This reflects strong performan￿ in both Housing Services and
Supported Housing. While high levels of bad debt write offs can disguise poor perfomiance in
rent collection, bad debts lo 31. March 2022 were higher for Supported Housing £31 k (2021:
£15k) and lower for Housing Services £12k (2021: £12k). Other inwme streams were on or near
target, although Legal servi￿ income was £664k against a target of £729k due to restrictions
during the Covid pandemic as there were fewer clients and referrals from the courts.
Deliverin Value for Mone . BHT Sussex continues to have a focus on Social Value (SV) and
Value for Money (Vfm) as part of its continuous improvement process and has developed its ¢)wn
SV and Vfm Staternent. We regularly monitor these by reviewing se￿1￿ usage, a focus on our
income and expenditure. ffleasuring both strategic and operational key perfom)anGe indicators
and we use our SV and Vfm Statement to focus on outcomes for our clients and tenants.
Maintainin
Li
Our cash balance as at 31$1 March 2022 remained healthy, at £3.6m,
{2021.' £2.7m). Our minimum cash balance target of £1.7m continues to be eX￿eded. A
continued challenge over the next five years to ensure that SLrfficient funds are generated to allow
US to meet the investment ne8ds set out in our Asset Management Strategy, which averages
£550k per annum.
Securin
Profitablfj Gn?￿h.. As mentioned above. the merger with Sussex Oakleaf has already
led to new opportunities in both Mid Sussex and Crawley. A review of existing assets has
presented opportunities for the redevelopment of two sites owned by BHT Sussex to increase the
number of homes that we provide.
FINANCIAL RESULTS
A net operating surplus of £348k (2021: £379k) was generated during the year. A prioTity moving
forward is to increase surplus levels, to strengthen our financial viability, invest in current and new
services, and allow us to invest in our major works programme.
Income: Total income of £15.Om {2021.' £13.7m) was re￿iVed during the year. The increase from
the previous year was due to new contracts and additional income for our Legal Advice Services.

Strategic Report from the Board of Trustees (continued)
for the
ear ended 31$t March 2022
enditure: Total expenditure of £14.6m (2021.. £13.3m) was made during the year. Overall,
expenditure was £786k less than expected. Lower staffing and related cosls accounted for most of
this underspend. There were also lower costs for Repairs and Maintenan￿. lower overhead costs.
and there were some overspends and underspend compensating for each other.
While others in our peer group have reported significant increases in arrears as a result of Covid-19
and the roll-out of Universal Credit, we have been able to maintain arrears levels notwithstanding a
modest increase in arrears of those tenants who have migrated to th8 new benefrt. A refocusing of
staff resources has resulted in thi5 risk being SU￿ssfullY mitigated.
Our Financial Position also conlinues to be healthy with Total Net Assets of £11.4m (2021: £11.Om).
supported by Income and Expenditure Reserves of £10.8m12021:10.1 m) and Restricted Rgserves of
£0.6m {2021.' £0.9m)
DEVELOPMENT AND PERFORMANCE IN THE FINANCIAL YEAR
The Board of Trustees re￿iVed quarterly reports to monitor perforniance within the organisation.
The performan￿ measures included financial and operational perfornian￿ indicators, induding:
Cash management- cash flows and average cash balances inc￿88ed during the year with cash
at bank and in hand as at 31st March 2022- £3.6m (2021.. £2.7m).
Void loss in Supported Housing- voids as a % of gross rents of 10.6% (2021: 8.70A), target..
3.9%.
Void loss in Housing Services- voids as a % of gross rents of 2.50A (2021: 2.OOA), target: 3.9%.
Bad debts in Supported Housing - bad debts as a % of rents re¢eivable of 0.6% {2021.' 0.30h),
target". 1.50A.
Bad debts in Housing Services - bad debts as a % of rents receivable of 0.4% (2021.. 0.40A),
target.. 1.5%.
Gas safety ￿rtIfiCateS - units with a valid safety certificate 100.OOA (2021.. 1000/0), target: 100%.
Staff sickness - working days lost per FTE employee 10.8 days (2021- 6.2 days). target= 7.0 days.
FUTURE PROSPECTS
Notwithstanding the concem of funding our Asset Management Plans going forward, the challenges
successfully faced to date as a resu￿ of the Covid-19 pandemic demonstrates an organisation that is
W811-governed and well-managed, able to flex its operations according to circumstances, not least
ones that could not be foreseen.
Covid-19 itself will result in new opportunities as our communities and economy recovers from the
financial and psychological injuries caused by the pandemic.
Our staff are our biggest asset, they support the delivery of our charitable and strategic objectives.
We continue to invest in the recruitment and retention of quality staff at all levels. Like many
organisations, we have had difficutties over the past year, but staff continue to work with dedicalion
and ￿S111enCe.
Governance arrangements have b88n reviewed and strengthened in re￿nt years. All governing
documenls have also been reviewed and updated. The appointment of three new members has
further strengthen the range and expertise of Board of Trustees.
HEALTH AND SAFETY
Health and Saf8ty continues to be one of our key priorities and we have a Working Group set up that
looks al stratègic health and safety issues, including the Fire Safety Act 2021 and the 2022
Regulations.

Strategic Report from the Board of Trustses {continued)
for the
ear ended 31$t March 2022
Health and Safety (contlnued)
Health and Safety is also monitored quarterly via our Strategic Risk Register. During the year we
continued the Health and Safety l Fire risk assessments of all properties. carrying out additional
remedial tasks to improve fire safety at a cost of £204k (£197k).
Gas Safety Inspections: our performance for the final quarter of 2021122 was 100% (100%), where
gas safely inspedions were completed in time and the relevant certificate was on file. There were
some issues during the year due to access to properties and the continuation of the Covid-19
pandemic,
SAFEGUARDING
Following failings in some international aid agencies, along with safeguaiding failures in domestic
charities, BHT Sussex has considered the robustness of its own policies and procedures in this and
other areas. The Board acknowledges the general alert issued in June 2021 by the Charity
Commission regarding this, particularly at a time where governance and management arrangements
might be compromised by the Covid-19 pandemic.
BHT Sussex has robust processes and reportirkg arrangements in place, including our
Whistleblowing procedure, that are widely publicised including on our website. Clients and tenanls
are asked specific questions in surveys regarding their confidence in the organisation's policies and
procedures. Training on safeguarding is part of the mandatory training for staff.
STAFFING
Our staff are our most valuable resource. Through th8m we deliver our strat8gic objectives, not
least excellent services. We have strengthened capacity al a senior level through Ihe creation of a
Director of Mental Health and Support SeNices and designated another senior employee as Head of
Btjsiness Development. These additions will help to provide strategic management capacty within
the enlarged organisation going forward. Staff sickness management continues to be an area we
are Y￿rking on. There was an average of 10.8 days absen￿ per employee during the year (6.0
days excluding long term sickness cases). which is above the target of an average of 7 days.
BOARD MEMBERSHIP
BHT Sussex seeks to appoint and retain Board members who have the skills, know18dge, business
acumen, integrity. values and commitment to lead the organisation with drive, ambition and
enthusiasm. We recruit new board members through open advertisement and the effective use of
our wide sector ne￿OrkS. Three new board members were appointed during the year and three
members resigned. All new members receive a full induction programme.
W8 have two tenants as independent members of the Board, correcting an area of deficit that had
previously been identified.
Board members are appointed on a voluntary basis and receive out-of-pocket expenses. No other
payments are made to the chair or individual board members.
The Board and 118 Commitlees undertake annual reviews and appraisals of their activities helping
ensure that we comply with the National Housing Federation's Code of Govemance 2020.
The policy for delegated levels of decision-making between the Board and Executive Management
Team is clearly defined wtthin Standing Orders and a separate Schedule of Delegation. which is
reviewed and approved by the Board on a regular basis.
The Chair of the Board undertakes individual reviews with all Board members.

Strategic Report from the Board of Trustees (continued)
for the
ear ended 31st March 2022
COVID-19
Despite the continuation of the Covid-19 pandemic and its restrictions, BHT Sussex has Succeeded
in carrying on its much needed work over the last year. Notwithstanding the national easing of
restrictions, the approach we will be taking wilhin BHT Sussex will be characterised by a 'slow and
steady, approach.
We wish to be prudent in the way we plan our work and. as always, our wiority is to try to keep all
members of staff, Clients and tenants as saf8 as possible. Our Covid Task Team continued to meet
twice a week during last year and the team ¢onsidered social distancing, the numbers who can
retum to the office, the ongoing ne￿sSity to wear face masks. etc.
The majority of our staff have continued to work face-to-face wilh their clients. We recognise the
increased risk that this has had, without this dedication we would not have been able to ensure that
all our services continued to be delivered throughout the pandemic.
The measures that BHT Sussex had in pla￿ throughout the pandemic are not being lifted for th8
time being. Basic hygiene, physical distancing, and good ventilation requirements will continue in
place. Trustees recognise that all members of staff have successfully kept infedions within the
organisation to very low levels.
RISKS UNCERTAINTIES AND OPPORTUNITIES
The Covid-19 pandemic is providing both opportunities and challenges moving fornvard. There is
uncertainty regarding the public finances due to the impact of inflation and rising energy costs.
Both of these will reduce our ability to significantly increase our surplus, al least in the short temi.
The financial and psychological injury caused by Covid-19 may result in new demands for services,
not least in areas such as Crawley and Mid Sussex which will be particularly impaded by the effect
the pandemic is having on the aviation industry.
The organisation has a well-developed and mature approach to strategic risk management. Our
Strategic Risk Register provides the Board with clear information on three key areas, which are
improving our financial strength, our operating environment and increasing our influence I reputation.
Undemeath these three areas, there are ten specific risks identifi￿.
These risks are reviewed on a quarterfy basis by the Executive Management Team and reported on a
regular basis to both the Finance, Audit and Risk Comrnittee and the full Board. Detailed information
provided includes the quantification of individual risks, the management strategy for mitigaling their
likelihood and impact, and a recovery strategy should one or more risks impact at the same time.
GOING CONCERN
Following an assessment of our financial position and ￿sourceS available, induding the cashflow
position for the next eighteen months, the Board believes that the BHT Sussex can manage its
busirEss risks, financial forecast (including monthly ¢ashflow forecasts with sen51tivity analysis).
We have a reasonable expectation that BHT Sussex has adequate resources to continue operating
for the foreseeable future. For this reason, we continue to adopt the going cOn￿M basis of
accounting in preparing the annual financial statements.
Notwithstanding the risks and uncertainties that we face. we are confident that BHT Sussex has a
positive future. We hav6 reached this condusion by reference to..
Over 50% of our incom8 comes from rental and service charge income, a relatively secure
income stream and one which is well managed within the organisalion. 87.8QA of this income is
paid directly to BHT Sussex from Housing Benefits, Universal Credit and Adult Social Care, which
provides confidence in future paym8nts of this stream of income.

Strategic Report from the Board of Trustees (continued)
for the
ear ended 315t March 2022
Going Concern (contlnued)
For 2022123, over 800A for our contracied income is secure, most other income is secure during
the lifetime of contracts. and should these contracts be temiinated, and we can flex costs
accordingly.
Nolwithstanding current challenges relating to charitable fundraising, any shortfall is likely to be
temporary and is not expected to have a material impact on our assessrnent of going con￿rn.
Controls we have on inflationary aspects of our salary and r8ward structures. although we
recognise that this will be a challenge going forward.
Our cash balances. at the point of signing these accounts. is almost 100% greater than the £1.7
million head room agreed as policy. We have also undertaken a cashflow forecast for the next
three years (April 2022 to March 2025) and this shows we will be able to maintain a healthy
£2.5m cash balance. Sensitivity analysis for higher levels of inflation and loss of a contract on
this forecast shows that we would continue to maintain ¢ashflows aljove our £1.7 million target.
Our very limited exposure to fluctuations in the money markets. our limited borrowing is at a fixed
rate and our non-involvement in developing properties for sale.
Our ability to withdraw from activities wth reasonable notice, should they become an
unacceptable drain on the cash resources of the organisation.
Based on this assessment. the Board has concluded that a material uncertainty does not exisl, and
the organisation is expected to continue to operate for the foreseeable future.
PENSIONS
BHT Sussex participates in the Scottish Widows Pension Scheme, the NHS Pension Scheme, Local
Government Pension Scheme. and a Social Housing Pension Scheme, Growth Plan Scheme with
TPT Retirement Solutions, please see note 22 to the Financial Slatements for more details.
The TPT scheme is a mulÉi-employer scheme which provides benefrts to some 638 non-associated
partiapating employers (see note 22) and applies to 32 fomier employee5 of Sussex Oakleaf.
This scheme is ¢lassifi8d as a 'last-man standing arrangement,; therefore, because of the merger,
BHT Sussex has inherited the potential liabilities of Sussex Oakleaf for other participating employers,
obligations, if those employers are unable to maet their share of the scheme deficit following
withdrawal from the scheme.
Participaling employers of the TPT scheme are legally reqUI￿d to meel their share of the scheme
deficit on an annuity purchase basis on withdrawal from the scheme. During 2021122 BHT Sussex
contributed £9,904 towards the pension deficit. The Board considers that the contribution rate
demarKled of the scheme is affordable.
All members contributing to Series 3 were switched to Growth Plan Series 4 in 2013, and any new
employee contributions were made into Series 4 from the closure date onwards. Growth Plan Series
4 is a defined contribution scheme in which the assets are held separately from thos8 of the entity in
independently administered funds. Further Details are in Note 22.
COMPLIANCE WITH GOVERNANCE AND FINANCIAL VIABILITY STANDARD
The Board has reviewed our compliance with the Regulator of Social Housing's G0Veman￿ and
Financial Wiability Standard and has concluded that BHT Sussex complies with the Standard. BHT
Sussex has r8viewed its Assets and Liabilities Register to ensure that it meets the requirements.
There is ongoing work on this Register to ensure that it remains accurate and complete, and that
timely adjustments ar8 made as circumstan￿8 require.

Strategic Report from the Board of Trustees (continued)
for the
ear ended 31st March 2022
INTERNAL CONTROLS
In accordance with the regulatory expectations of the Regulator of Social Housing, the Board is
required to conduct an annual review of the effediveness of the systems of internal control, and to
issue a formal statement within the annual report and accounts on the outcome of this review.
The Board acknowledges its ultimate responsibility for the syst8m of intemal controls, for reviewing
the effectiveness of those controls and for managing the risk of fraud within BHT Sussex. The Board
also acknowledges that risk management and control prO￿SSeS should operate continuously and
should be embedded within and across all activities. It should be recognised that no system of inlemal
control can provide absolute assurance or eliminate all risk. The system of internal Control is designed
to managè risk and provide reasonable assuran￿ that key business objectives will be achieved, and
to give reasonable assuran￿ about the preparation and reliability of financial infomialion and the
safeguarding of the assets of BHT Sussex.
BHT Sussex has adopted the Nats'onal Housing Federation Code of Governano 2020. A review of
the Code has been undertaken. The Board is confident it complies wth the Code bul conlinues to set
a maximum period of nine years for non-exe¢utive directors.
The pro￿Se$ for identifying, evaluating. and managing the significant risks faced by BHT Sussex
are ongoing and are regularly reviewed by the Board. They have been in place during 2021122 and
up to the date of the approval of the annual report and accounts. The elements of the control
framework, incorporating the key sources of evidence utilised by the Board in reviewing the
effectiveness of the system of internal control, include..
rf a comprehensive risk management framework which identifies key risks to the business on
a regular basis and Seeks to mitigate and monitor the risks and the associated mitigalion.
rf An organisational structure with dearly defined lines of responsibility and delegation of
authorbty sel out in the BHT Sussex standing orders and financial regulations.
a Code of Ethics supported by a framework of policies and procedures. wtth which employees
must comply.
rf a three year risk-based strategic intemal audit plan and the consideration by the Finance.
Audit and Risk Committee of all intemal audit reports produced during the year.
O the monitoring of action plans arising from audits to ensure that recommendations have been
irnplemented.
rf the review of audit reports undertaken by regulators, funders, and commissioning bodies.
O approval of the annual budgets and Ihe Strategic Business Plan by the Board.
rf comprehensive budgetary Control arrangements which identify vatiances and their
underlying causes.
4 a perfornian￿ reporting framework which involves the setting of a surte of Strategic and
Operational Key Performance Indicator {SPl$ and KPIS) targets and the measurement of
achievement against theses KPIS.
0 a new developments and opportunities policy which requires Board approval of proposals
meeting certain finanaal and non-financial criteria combined with quarterly reporting to th&
Board.
10

Strategic Report frorn the Board of Trustees (continued)
for the
ear ended 315t March 2022
Internal Controls (continued)
a whistleblowing policy providing staff and third parties with confidential channels of
communication to report unlawful, improper, or suspicious activity.
rf maintenance of a fraud register, with reporting to the Board if fraud occurs.
The Board's review of the effectiveness of the BHT Sussex system of intemal controls has identified
no signtficant failings, weaknesse5 or instances of fraudulent activity which has resulted in material
misstatement or loss that require disclosure.
This applies to the financial statements for the year ended 3181 March 2022. and up to the date of
signing these financial statements.
VALUE FOR MONEY
BHT Sussex continues to have a focus on Social Value {SV) and Value for Money Ivfm) as part of
its continuous improvement prO￿sS and has developed its own SV and Vfm Statement.
What SV and Vfm means at BHT Sussex
We exist for a social purpose and our efforts are focused on changing lives acros5 Sussex. Our
Mission and Values drive us forward, seeking to continuously leam and improve how we engage
with our local communities and deliver our setvi¢es.
Our Mission is to combat homelessness. create opportunities for our Glients and tenants to improve
their wellbeing and to promote positive change.
We are conscious that a robust approach to Vfm is a regulatory requirement. bul we would want to
do it anyway. We aim to make a difference by the outcomes we achieve for our clients, tenants. and
the ¢ommunities in which we work. and by being mindful of staff wellbeing.
The outcomes we achieve represent both the SV and VIM services that ￿ provide as a viable and
sustainable organisation. SV and Vfm. therefore, aims to maximise our outcomes and make a
bigger difference than if we had nol tak8n a focused approach to it. Achiewng Vfm is at the heart of
being a successful and effective social organisation.
hat are the Outcomes we want to achieve?
Over the past 50 years BHT Sussex has developed a divers8 menu of services to support people
who are homeless. or al risk of homelessness, and people who have complex needs.
Prevention is the cornerstone of what we do..
> Preventing homelessness
Preventing escalation of mental health issues across a broad spectrum - from admissions to
psychiatric hospitals to the need to access secondary mental health services
> Preventing negative consequences of addictions
> Providing specialist housing, benefit and immigration advi￿ to prevent homelessness
> Providing work, learning and employment opportunities to prevent unemployment and povarty
Where prevention has not been achieved, we look to mitigale the impact on individuals by
providing effeclive, Vfm services aimed at changing lives
BHT Sussex Housing Services provides homes for over 450 residents in Brighton and Hove,
Eastbourne and Hastings. We provide good quality, safe and secure general needs housing
at sutpmarket rents for those who cannot afford to rent or buy their own hom8.
11

Strateglc Report from the Board of Trustees (continued)
for the
ear ended 315t March 2022
Value for Money (continued)
We are very conscious of our role in our local commLtnities. In addition. many of our tenants
represent positive move-ons from our support and addi¢tion work, sustaining tenancies is key to
securing long-tenn positive change.
rovid8 our services and who benefrts from our outcomes?
Our clients and tenants are amongst the m¢)st marginalised and vulnerable in our society and
therefore we provide..
> good quality short and long-temi accornm¢)dation for a range of needs to provide a stable
base on which to build a future
> a range of support to improve wellbeing, independence and secure lasting change
specialist legal advice spanning housing and homelessnes8, immigration and welfare
benefits to ensure that individuals. rights are fairfy represented
Family and friends of clients benefit from knowing that their loved one is getting the largeted
support they need to make positive changes, Gontribub'ng in tum, to their wellbeing and peace
of mind.
der ¢ommunity- our services are sensitive to the wider community in which our clients and
tenants live. We invest in those communilies and collaborate with others to help make places
work socially, economically and environmentally.
Local authorities, other l¢)cal $8rvice providers and govemment- through growth and service
provision, we contribute to local and national housing strategies whilst also addressing
important agendas such as supporting the mosl vulnerable. homelessness, poverty, inequality
and the environment. Our support services take pressure off health, social servI￿s, police and
other local services. Increasingly, our work falls under the remit of Integrated Care
Partnerships (ICPS).. local joint commissioning bodies comprising local authorities, health and
the wider Voluntary. Community and Social Enterprise (VCSE) se¢tor- effectively a
stakeholder in its own Tight.
)then setting our strategic and enabling objectives, the BHT Sussex Board seeks to balance the
legilimate, and sometimes competing. expectations of our stakeholders with the finite resources at
our disposal.
Total rent received in Supported Housing - rent re￿iVed as a % of amounts due 97.70A,
(2021". 100.2%) (target. 98.5%).
Total rent re￿iVed In Housing Services- rent re￿iVed as a % of amounts due 98.8%, {2021'.
100.60h) (target.. 98.5%).
Arrears managemenl Supported Housing- gross arrears as a OA of annual rent roll of 2.00
{2021'. 1.60h) (target.- 2.5%).
Arrears management Housing Services- gross arrears as a % of annual rent roll of 3.4%
(2021- 3.5%) (target.. 5.8QA).
12

Strategic Report from the Board of Trustees (continued)
for the
ear ended 31st March 2022
The Regulator for Social Housing has issued value for money metrics and BHT Sussex figures are
shown below..
Acuity
Median
2021122
2.300
BHT
Sussex
2021122
6.77%
BHT
Sussex
2020121
Value for Money Metrlcs
Reinvestment
New Su
l Delivered units
Gearin
EBITDA Ma
orRe
airs Included Interest Cover
Headline Social Housin
Cost er Unit
eratin
in
Return on Ca
ital Em lo
37.43%
182%
£4,880
16.68%
1.87%
1.7f/.
4.4711/.
2.130
5.66%
£4.366
2.600/0
1.78%
These types of metrics are generally used by larger housing associations with development
portfolios and all of these metrics are not applicable to BHT Sussex as its primary focus is on
Combating Homelessness, Creating Opportunities and Promoting Change. We have compared our
Performan￿ against these metrics by using the Acuity benchmarking group data for Small housing
providers in the South Easl and London, as shown above. This table above shows that BHT Sussex
compares favourably on Reinvestment, Gearing and Social Housing Cost per Unit and there is
improvement needed on our Operating Margin and rate of Retum on Capital Employed.
In the future, alongside the metrics above, BHT Sussex will define and show value, by drawing on
our strategic objectives, our impact on clients and tenants, and from the other Acuity benchmarkin9
information available.
USE OF RESERVES
Accumulated reserves are deployed to achieve our principal objective of supporting homeless and
vulnerable people. After setting aside an amount to cover day to day financial commitments, resetves
are mainly invested in properties that provide accommodation and servI￿s. At the end of 2021122
we had total reserves of £11.4m (2020: (£11.1 m) of which under £600k were restricted reserves.
The prrmary purpose of the BHT Sussex Reserves Policy is to ensure that adequate funds exist to
ènsure its long-lerm viability.
The policy is designed to ensur8 that BHT Sussex can:
Continue to meet its financial commitments.
Deploy funds promptly, in a planned way, and ￿act to new opportunities.
Avoid erosion of its asset base, maintain and upgrade the homes of our tenants.
Balance sound investment with good liquidity management., and
Is not fored into short term decisions to the detrtment of its long-term vision.
To achieve this. BHT Sussex has adopted target measures for key reserves indicators. The BHT
Sussex policy aims to=
Hold a minimum of £500k in free reserves, to wotect its charitable work from the risk of
disruption.
Hold a minimum of 1.5 months of operating cash oufflow requirements in cash, or short-tem
investments, to manage short term volatility in income or liquidity. This equates to £1.7m for
the current BHT Sussex cash oufflows.
On 31st March 2022 BHT Sussex held £3.6m as cash or short-term investments.
13

Strategic Report from the Board of Trustees (continued)
for the
ear ended 31$t March 2022
Use of Reserves (conttnued)
As at 31st March 2022. BHT Sussex had cash cover of 2.11 months (2021.. 1.59) Compared to a target
of 1.7.
The Board of Trustees has identified the main financial risks lo the organisation to be..
Failure to maet income targets in Supported Housing and Housing Services
Failure to meet income targets for Advice Services
Impact on income from Universal Credit
The impact of increasing inflation
Furlher ¢uts to the value of advi￿ and support contracts
Failure to achieve profitable growth.
In the light of these risks, and to meet future investment opportunities, the Board has identified the
need to strengthen the reserves of the organisation. Free Reserves as at 31¥t March 2022 were £1.3m
(2021.. £1.1m).
POST BALANCE SHEET EVENTS
Since the year end there have been significant pri￿ increases in the cost of labour, raw materials,
fuel and energy bills. The Government has announced temporary relief measures for tharities, details
of which are not yet known. BHT Sussex has been and will be affected particularly when our existing
fixed-term energy contracts end. It should also be noted that our current Chief Executive Andy Wnter
will retiring in January 2023 after thirty seven years of dedicated service.
BOARD MEMBERS, RESPONSIBILITIES
The Board is responsible for preparing the strategic report, annual report and the financial
statements in accordance with applicable law and regulations. Company law and social housing
legislation requires the Board to prepare financial statements for each financial year in accordan
with United Kingdom Generally Accepted Accounting Practice (United Kingdom A￿OUntIng
Standards and applicable law). Under company law, the Board must not approve the financial
statements unless it IS satisfied that they give a true and fair view of the state of affairs of Ihe
asso¢iation arKI of thè surplus or deficit of the association for that period.
In preparing these financial statements, the Board is required to=
Select suiiable accounting policies and apply them consistently
Make judgements and accounting estimates that are reasonable and prudent
State Ex applicable UK AcGounting Standards and the Statement of Recommended Praclice
Accounting by registered social housing providers 2018 have been followed, subject to any
material departures disclosed and explained in the financial statements
Prepare the financial statements on the going concem basis. unless it is inappropriate to
presume that the charitable company will continue in business.
The Board is responsible for keeping adequate accounting records that are sufficient to show and
explain the BHT Sussex transactions and disclose, with reasonable accuracy at any time. the
financial position of the association. and enable them to ensure that the financial statements comply
with the Companies Ad 2006, the Housing and Regeneration Act 2008 and the Accounling Direction
for Private Registered Providers of Social Housing 2019. It is also responsible for safeguarding the
assets of the association and therefore taking reasonable steps for the prevention and detection of
fraud and other irregularities.
14

Strategic Rèport from the Board of Trustees (eontinued)
for thp
ear ended 31st March 2022
Board membels are responslble lor ensuritKd that the Report ofthe Board is prepared in a￿Ordance
with the Statement ol Recommended Practice: AttountiTrJ by r8gistered soclal housing providers 2018.
Financial stalerEnts are published oh the BHT Sussex w8b31t8 in accordance with18gislation in Ihe
Llnited Kingdom g."oveming the preparation and dissemination offinan.cial statemenl$..which may
vary from leg"islatioh in other jurisdictlons. Th8 maintenance and integrity. of the oryanisalion's
vkebsite 15 the respohsibility of the Board. The Board's responsibjljly aJs0 extends to the ongong
integrity of tr￿ financial stalements contained therein.
Audltors
Current Board membet5 have taken all th&5tsps that they Ought to have taken to make thentselves
aware of any informallon needed by our auditors for the purpose5 oftheir audil and to estabf15h that
the auditors are aw8re of that information. Th8 Executive Management.Team are not aware of any
relevant audit inlorrnation of which the auditors 8re vn8ware..
aDO LLP have expra88ed Its willingness to contlnue and 8 recommendation for thè r*appointment
of BDO LLP.as aucrrtors of BHT Suss8x is to be presented at.a forthcomlng Board Meeling.
On behalf of the Board
K MaeDonald
Chair of the Board
Date- 23109122

Inde
endent Auditorfs Re
ort to the Members of BHT Sussex
Oplnion on the flnancial 8tatemonts
In our opinion. the financial statement$'.
give a true and fair view of the state of the BHT Sussex affairs as at 31st March 2021 and of the BHT
Sussex incoming resources and appllcation of resources, including its income and expenditure, for the
year then ended.,
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been propedy prepared in accordan￿ with the requirements of the Companies Act 2006, the
Housing and Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of
Social Housing 2019.
We have audited the financial statements of BHT Sussex {'Ihe Association'} for the year ended 31* March 2021
which comprise the Association statement of comprehensive income, the Association statement of financial
position, the Associalron slatement of changes in equity. the statement of cash flows and notes to Ihe financial
statements, including a summary of significant accounb.ng policies. The financial reporting framework that has
been applied in their p￿paratIOn is applicable law and United Kingdom Accounting Standards. including
Financial Reporting Standard 102 The Finanu8lReporting Standardapplicable in the UKandRepublic of Ire18nd
(United Kingdom Generally Accepted Accounting Practi￿).
Ba$15 for oplnlon
We conducted our audit in aC￿rdance with International Standards on Auditing (UK) {"ISAs (UK)-l and
applicable law. Our ￿sponSibl1111eS under those standards are further desuibed in the Auditorfs responsibilities
for the audit of the financial stslements section of our report. We believe that the audit evidence we have
obiained rs suffjcient and appropriate to provide a basis for our opinion.
Independence
We remain independent of the Association in accordance with the ethul requirements that are relevant to our
audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical responsibilities in accordance with these requirements.
Concluslons relatlng to going concern
In auditing the financial statements, we have con¢luded that the Board MeM￿rS. use of the going eoncem basis
of accounb'ng in the preparation of the financial statements is appropriale.
Based on the wor1( we have performed, we have not identified any material uncertainties relating to events or
condilions that, individually or collectively, may cast significant doubt on the Association's ability to continue as
a going concern for a period of al feast tsvelve months from when the financial statements are aulhorised for
issue.
Our respjnsibililies arKI the responsibilities of the Board with respect to 90ing concem are described in the
relevant sections of this report.
Othor Inforniation
The Board are responsible for the other information. The other information comprises the information induded
in the Chairfs Report and the Strategic Report from the Board of Trustees, other than the financial statements
and our audilorfs report Ihereon. Our opinion on the financial statements does not cover the other inf0rn7ation
we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other infomiation
including the Chairfs Report and the Strategic Report from the 8oard of Trustees and. in doing so. constder
whether the other information is materially inconsistent with the financial statements. or our knowledge obtained
in the audit or otherwise appears to be malerialty misstated. If we identify such material inconsistencies or
apparent material misslaternents, we a￿ required to determine whether the￿ is a material misstalemenl in the
financial slalements or a material misstatemenl of the other informatK)n. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information we are required to report
that fact
We have nothing to in this regard.
16

Inde
endent Auditor's Re
ort to the Members of BHT Sussex
continued
other Companle8 A¢t 2006 reporting
In our opinion, based on the work undertaken in the course of the audil".
the infomiation gwen in the Strategi¢ report from the Board of Trustees for the financial year for whi¢h the
financial statements are prepared is consistent with the financial statements., and
the Strategic report from the Board of Trustees has been prepared in accordan￿ with applicable legal
requirements.
In the light of the knowledge and understanding of the Association and rts environment obtained in the course
of the audit. we have not identified material misstatements in the Strategic report from the Board of Trustees.
We have nothing tr) report in respect of the followng matters in relation to which the Companies Act 2CQ6
requlre5 US to report lo you if, in our opinion:
adequate accounting records have not been kept by the Association, or returns adequate for our audit have
not been received from branches not visited by us-. or
the AssO￿ation financial statements are not in agreement with the accounting records and retums,. or
certain disclosures of Board Trustees, remuneration specified by law are not made.- or
we have not received all the inf0m1at￿n and explanations we require for our audit.
Responslblllties of the Board
As explained rn0￿ fvlly in the Board members. responsibilities statement set out on page 16, the Board is
responsible for the preparation of the financial statements and for being satisfied thal they gwe a true and fair
view, and for sueh Inlemal control as the Board members determine is necessary lo enable the preparation of
financial statements that are tre from material misstatement. whether due to fraud or error.
In preparing the financial statements, the Board are responsible for assessing the Association's ability lo
continue as a going con￿rn. disclosing, as applicable. matters related lo going concem and using the going
concern basis ol accounb.ng unless the Board either in18nd to liquidate the Asgxiation or to cease opgrations.
or have no ￿aliStiC alternative bul to do so.
Audltovs responsibilities for the audlt of thg flnanclal statsments
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whelhei due lo fraud (￿ error. and to issue an audiloff s ￿pOrt that in¢ludes our
opinion. Reasonable assurance is a high level of assuiance but is not a guarantee that an audit conducted in
accordan¢e with ISAS (UK) will always delect a material misstatement when it exists. Misslalements can arise
from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be
expected to inffuence the economi¢ decisions of users taken on the basis of these financial statement5.
Extent to whlch the audlt was capable of detectlng Irwularltles, Including fraud
Irregularit￿. including fraud, are instances of non-complian￿ with laws and regulations. We design pr(￿edureS
in line with our responsibilities, outlined above. lo delect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are Capable of detecting irregularities, including fraud 15
detailed below..
Based on our understanding of the Association and the industy in which il operates, we identified that thg
principal laws and regulations that direclty affect the financial statements to be the Companies Act 2006, the
Charities Act 2011. the Housing and Regeneration Act 2008 and the Accounting Direction for Ptivate Registered
Providers of Social Housing 2019. We assessed the extent of compliance with these laws and ￿gUlationS as
part of our procedures on the related financial stalemenl items.
In addition, the Association is subject to many other laws and regulations where the consequences of non-
compliance could have a material effect on amounts or disclosures in the financial statements, for instance
through the imposition of fines or liligalion.
f7

Inde
endent Auditor's Re
ort to the Members of BHT Sussex
continued
We identified the folknving areas as those most likely lo have such an effect. employment law, data proleclion
and health and safety legislalton. Auditing standards limit the required audit pro￿dureS to identify non-
compliance with these laws and ￿gUlationS to enquiry of the Diiectors and other management and inspection
of regulatory and legal correspondence rf any.
Audit procedu￿$ Ferfomied by the engagement team included..
Discussions with management, including consideration of known or suspected instances of non-
compliance with laws and regulations and fraud
Reading minutes of meeting of those charged with governan￿, and reviewing correspollden￿ wlh
HMRC
Challenging assumptions made by management in their significant accounling estimates in particular in
relation lo the impairment of housing properties, depreciation on tangible fixed assets linduding
component accounling)- dilapidations and bad debt provisions
In addressing the risk of fraud, including the management override of controls and improper income
recognition on grants and contracts. we tested the appropriateness ofcertain manualjournals, reviewed
the application of judgements associated with accounting estimates for the indication of potential bias
and tested the application of CUt￿ff and revenue recognttion.
Our audit procedures were designed to resp)nd to risks of material misstslement in the financial Slatements
recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not
detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery,
misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and
the further removed non-complian￿ with laws and regulations is from the events and transactions rellected in
the financial statements. the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's webslte at. www.froor
.ukJauditorsres
auditor's report.
nsibililies. Thi5 description forms part of our
Use of our report
This report is vrrade solely to the members of the Association, as a body, in accordance with the Housing and
Regeneration Act 2008 and Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been
undertaken so that we mwJht stale to the Association's Trustees those matters we are required to state lo them
in an auditorfs report and for no other purpose. To the fvllest extent permitted by law. we do not accept or
assume iesp)nsibility to anyone other than the Association and the members as a body. for our audit work, for
this report. or for the opinions we have formed.
S*n•dby.'
C9A7C73a&135456
Laurence Elliott Isenlor Statutory Auditor)
For and on behalf of BDO LLP. statutory auditor
London,
United Kingdom
Date.. 29 September 2022
BDO LLP is a limited Ikability partnership registered in England and Wales (wilh registered number OC3051271
18

Statement of Comprehensive Income for the year ended 31*1 March 2022
2022
2021
Tumover
14975.090
13.748.861
Operating costs
114,586.2291 (13,322.S52)
0￿ratIng surplus
388.861
426.309
Gift ofAssets Suss8x 08klealTransfer
Interest receivablè and simiLar income
Interest and finanartg cnsts
31
12
13
665.735
5,209
52,1991
1.317
(41.871)
Surplus befor8 t8xalion
Taxation on surplus
Surplus before and aft•r taxation
348.307
1.045.054
348.307
1.045,054
Surplus bdore and aft•rtaxation and total comprphenBlve Income
for thè financlal y￿r
348.307
1.045,054
An acbwties relate to ￿ntinUIng cyernlw)ns.
The notes on pages 24 10 44 form p8rt of these finanfial statements.
19

*atement of Financial Pogltion at 315t"March 2022.
2012
2021
F.ixed I"￿ets
T8nwt4"e fixed a8sats- hwsFng properttes
Tangibla fixed as8et*- olher
20.317.044
l.B4434S
19,688,804
1,755,321
15
.Cun8ntass•ts
Debltys- re￿I¥301e vrilhlft on8.year
c8sh.and cash equfvajenis
22.161389
21.424,125
.16
628,1Y7
584692
2.116,704
2.696.691
,212.869
4,B1&395
Cr8dltors'. amounls falljm
due wlthln onE
ear
17
{5.977￿3}
.012,5
N8teuTrent assèt5
2.235J46
2,800￿19
"Total o¥sets1•8s currontllabllltlas
24.400.735
24,224.944.
Creditors: amounts falling due 8ftermor& than on8'y¢o¢
Protrlslori or Ilabllltles - other
rovlslgns
18
21
111631.683}
1384.5901
(12,888.8¥2)
(3Z2.098
Tolal N•tas58ts'
¢IAB4,282
1"1,03&954
Capltal and resefVeS
Reslricted RèsèNes
In¢(Yae and Expendllurè Reserves
28
556,876
f Q,827,286
8g2.8&3
10.143,121
Tolal Rgserv
11.384862
1.1,035,954
Th8 nots5 on p*9$ 24 lo I$4 f(Mrn part rftkes&finAn¢¥al 6t*m*"nY8.
.Company Nuinter No.018Ja610
'Regi51ered Cha￿ty No2848
The firiairial statèmonts wère appr￿rf a￿ansed ty the Board on the 2V. Sep(eTh*e"r 20& and wor•.$1gne￿ on Ihg
8oard¥tJ8balf ty.
K MACDONALD
Chair of the Board
P F.REEMAN
Chalr of Finance, Audit and Risk Comrnitteo

Statemont of Changes In Re$orves for the yoar ended 318t March 2022
R•stri¢ted
Nots Res•rve8
Income and
Expenditurg
Ro¥erves
Total
Balance at 14tApril 2021
892,833
10,143.122
11.03S.9S5
Surplus for the ygar
128.583
219,724
348.307
1,021A18
10,362,846 11,384.262
R•serves Transfers..
Transfer from Restrfcted Rèserves
28
464.540
Balan¢¢ at 31st March 2022
556.876
10.827,386 It.384.262
ststement of Changes In Reserves for the year endad 31*1 March 2021
R•8tricted
Roswes
Incomo and
Expenditur•
Resgrves
Total
Balanc* at 11t Awil 2020
Suryjlus for thg year
808,954
488.234
9,181.948
9,990,900
556.821
1.045.055
f,297,188
9,738.767
11.035.955
Reserves T18nsfers'.
Transfer from reserves
404.355
404.355
Balance al 31d March 2021
892.833
10.143.122
11.035,955
The note$ on pages 24 10 44 fomi part ofthesÈ financial stslements.
21

Statement of Cash Flov￿ for the yfrar endod 31AI March 2022
Nots
2022
2021
Cash flows from oporating aetivities
Su
lus for tho flnanclal
ear
Adjustment$ for..
DeprecialK)n offfixed 8&sets- housing propertres
Depreciation of ffixed assets- oth$r
Amortised grant
Gift ofA$sets
Interest psyabfe and finance costs
Interest ieceived
Acceleialed depraciation (Sodal Housing and Non-s¢￿￿81
housing)
Sale of18nd
Ex Sussex Oakjeaf reC￿ded to revenue
Increase in trade 8nd other debtors
Increaselldecrease) in trade ￿ditOrS and othercreditors
Gain on Tevaluatlon of Pension
Increase in
rovisions
N•te4sh
orated fmm o
348 307
8.14
8.15
423.519
145.103
1172,354)
388.823
103,261
1161,2881
{665.735)
52.199
15,2091
4.761
31
13
12
5.14.15
41.871
11,317)
7.878
4.178
12.855
(479.559)
(115.788)
16.29
17,29
f8
21
12,51 IA731
3,927.288
{22,529)
ratln
activttles
49.3CfJ
232.881
2 248 785
Cash Ilowa froml(usedl In Investlng a¢tivities
Interest received
Purchases of fixed assets- h￿SIng prop￿￿￿$
Purchase ofnew housing prO￿￿- Rapley Court
Purchases of fixed assèts- other
Cash received relating lo gift
Recei
of
Tant
Net cash usedin Investin
12
14
1.317
169S,483)
1383.658)
1238,6221
5.209
(508.6231
14
15
(128,2901
272,396
71,359
87.949
19
67.500
1.248.946
actlvlties
Cash flows used In flnanclng acllvltles
Interest pakl
Rgpayment of loans- other
14et cash US￿1n flnoncl
13
20
141,8711
169.9671
111.838
(52,199)
168,352)
120.551
acdviUe5
Net Incrna8el(Decrea8e) in cash and cash •qutval•nts
Cash and cash equivalonts al beginnirvJ of y8ar
888.001
1175.819)
2.696.691
2.872,310
Cash and cash
uivalents at gnd of
ear
3.584 692
2.696,691
The notes on page 24 to 44 form part of these finaJK4al 8tatemenls.
22

Notes Fomiln
Part of the Financlal Statements for the
oar ended 31•t March 2022
INDEX OF NOTES
General nots8
Legal Sta￿s
Accounting Poliaè8
Judgements in 8prAying accounting poliaos and key sources of estlmalion Lmcertainty
Statoment of Compr•hen8lve Income relat￿ notes
Partrculars ofTurnover, Cost of Sales, OperntirKJ Costs and Operating Surpjus
Income and Expenditure from Soaal Housing Lettlngs
Particulars of Turnoverfrom Non-soaal Housing Adivltse8
Units of Housing Stock
Operating Surplus
E￿￿OyeeS
Diiectors and Senior ExeculNe Remunération
Board Membets
Int8ces1 Receivablè and Income from Investments
Interest Payable and Sunilar ChacgOS
10
12
13
ststement of Financlal Po¥lllon rolated notes
14
15
16
17
18
19
20
21
22
23
24
25
Tangible Fixed Assets- Hwsing Properties
Tangible Frxed Assets- Other
Debtors
Credilots.. Amounts Falling Due- Wthin One Year
Creditors: Amounts Falling Dve- More Than One Year
Dèferred Capitsl Grant
Loans and Borri)wngs
Provisions for Liabililte3
Pensions
Contingent U8bi1￿eS
Operating Leases
Capit81 Commitments
Related Paty Disdosures
Members. Li8bility
Caimlal and Resèrves
Financial Instruments
Net Fund Reconctlialion
Grft of Assets & Li8bilities frcffl the transfer in ofsussax 0a￿eaf
27
28
29
31
23

Notes Fonnlng Part of the Flnan¢ial Statements for th6 year ended 31¥t March 2022 (contlnu
Legal Status
BHT Sussex is registered vrilh the Finandal Ctxpauct Authority and is reglslered wth thè Regulator lor Social Housing as a
￿￿al housing provider. 8HT Sussex is a charitable housing assoaa￿n, a company limited by guaranleg under th6
Companiès Act 20CE and is yovemed by its Articles of Association. BHT Sussex is also registered with the Charity
CommKssion an(6 as such is governed by applicable Chaiiltes Aci legislation. BHT Sussex is a publ*c bÈnefft enlity
registered in England with Charity number 284839. Regulatorof Social Housing number H1696 and Cownpany number
01618610. Th8 Registered Office is 144 Lon¢Jon Road. Bri9hton. East Su3sex BN14PH.
Accounting Pollcles
The finandal statements have been prepared in accordance with applicable law and UK accounung Standards (United
Kingdom Generally Accepied Accounting Practice) which for BHT Sussex includes FRS 102 Ihe Financial Resx>tbng
Standard applicable in Ihè United Kingdorn, the Republffic of Ireland" thè stat￿nent of RecommendÈd Practicè ISORPI for
R8gi5t¢red SocAal Housing Providers. 'Accounling by iegislered sooial housing PToviders" 2018. the Accounting Direction
lor Private Register•d Prowders of Social Housing 2019, and the Companies Act 2006.
The preparation of ffin8ncial stalemenls in ￿MplIance with FRS l(r2 requires thè use of certain ciitical a￿ountr￿g
eslimales. It also requires management lo exercise judgement in appIying the 8co)unting poli¢ie5. Thes& estimates and
IL￿ements are OU￿ned in Note 3.
The following priThip31 aC￿Unting poli¢ies have béen applied:
Golng Concern
FdlLW4ing assessment of th& BHT Sussex fin8nrial ￿tKIn and resources 8vaiPable going forward, induding Ihe cashflow
FY)sition for the next eighteert months, the Board believes that BHT Sussex can manage its business risks, finanu81
forecast {induding monthly (35hllow forecasts with sensibvity analysis), 8nd has a reasonable expectation that BHT
Sussex has adequate resoureès lo continue IVera￿n9 for the f￿eSeeabIÈ future. For this reason. BHT Sussex continues
lo adopt the going cor￿eM basis of ￿sU￿b￿g. in the preparation of thè annual finanGial stalemenls. Based on thi
assessment the Board has conduded that a mateiial uncertainty does not exist, and BHT Susstrx 1$ expected lo conlinue
lo operate foi the foreseeable future.
Nohvithst8nding the risks 8nd uncertaintitrs that we fac6, we are conffidtrnl that BHT Su&8ex has a po8the future. We
have reached this o)ndusion by reFeran¢e lo=
Ov8r SLVh of our income comes from ￿nI81 and Servi￿ tharges, a relatively se¢ure income strÈarn and one whi¢h is
well managed wilhin the organisalron. 83.4Vo of this income is pald directly to BHT Sussex fcom Housing bEneffit8,
UnNarsal Credit and Adult Sccial Care, which provides confidence in future paytT*nts of this stream of incorfte.
For 2021r22, 62% ofoui contracted in(xxne is seojre, most other Inc￿Me is sècure during the lrfelime of contracts. and
shO￿d these contr8Cts be teminated, we can flex costs ac£ordingly.
NolwithslandirvJ currènt challenges ielaling to ch81itabJe fiJndiaisirwJ. any ShrX￿)l is like￿ to be temporary and would
not have a material impaci on our assessment of going concem.
Controls we have on infiationary aspects of our sajary and 18waFd slrudures.
Our rash balances. al Ihe point of signing Ihesè accounts. is almost 100°% grèater Ihan tha £1.5 million head room
aor8ed as policy. We have also undertaken a cashllow lore￿$1 for the next 18 months {Aprfl 21T22 to Septèrnber
20231 and Ihis shows we will be able lo maintain 8 healthy £3m cash balanc8. Sensitivity analysiq for highèr levds of
infla￿.0n on Ihis forecast show that we would ¢onlinue to maintain cashfiows above our £1.5 million targèl.
Ouc very limited 8xposure to flu¢tuations in Ihe money rnar*•ts. Where we have borrowing, this is at a fixed rate. We
havè no involvement in developin9 properties for sale.
Our ability lo withdraw from actwitiès with reasonable notic8 should they b￿Ome an Una￿pt$b1e drain on Ihe cash
resources of the organisation.
In¢om•
Incomt is measuc•d at the fair valug of the consideration re￿1Ve￿ or receivable. BHT Sussèx generates the folowng
material irKome streams..
rental income recerv8bl8 (after deducting lost rent from void prcyerties availablg for letting)..
service djarges receivable.
revenue grÈnts from statutory and Oth81 aulhoriiies.. aN1
lègal Asstscialion income.
R•ntal Incom•
Rental income from residenlral prop&￿68 is recognlsed in the Staternenl of ComFxd)ensive Income when h falls due.
24

Notes Formlng Part of the Flnancial Statements for the year onded 3151 March 2022 (contlnuedl
l Accwnting polleies Icontin4wI}
Supportèd HousSng Schemes
BHT Sussex receives Supporting People grants from 8 number of Boroughs and County Counals. The grants re￿iVed in
the period, as well 8S Costs inojrned by BHT Sussex in Ihe provision of support seNic8s. have been indudèd in the
Statement ofcomprehen￿ve In¢orne. Any èxcess of cost over the granl received is ￿[ne by BHT Sussex. %there it is not
recoverable from tenants.
Servlcè Charges
BHT Svssex adopts the fixed r￿thOd for calculating and charging servic¢ tharges to its tenants and leasehclders.
Expenditure is recorded Wh￿ a Se￿1￿ Is provided artd cknarged lo the relÈv8nl seNice charge aco)unl. Ino)me is
rec4Jrd&d based on the estimated amounts chargeable.
Lggal Aid Asso¢lation Ine¢)me
Legal ATd Ir￿M￿ 18 accounted for when eamed. Income is recognised at agreed r31es forall work carrled o(rt up to the
balaFtce sheet dale. Any incorne eamed. where full sett￿ment Mll not b8 receN8d until the ¢8$e is closed, is accwed, and
slatèd at the lower of cos1 and nel 18alisat4e value.
ExpendSiurn
Al gxpenrfitu￿ is xcounted for on an 8¢x￿￿lS basis and allocated to the appropriate headN)g in the a¢>xJunt
Costs ol generating income comprise the costs assodaled wilh generating donations. attracling fundraising. delivering
services that are fund¢d by grants. providirwJ advice se￿￿e5 fundèd by the Legal A￿ncY and providin9 housing
services fiJ￿Ied by rent and servi¢e charge Incom8.
Charitable activities ¢omwis8 411 costs inajrred in the pursuit of thè charitable objectives ol BHT Sussex. These costs
where wholly attributable, are apportioned betr￿en the categories of charitable expenditure in 8ddition lo the direct
costs. The total costs of each Category of charitable expenditur6 thereforè rn¢Jude supp()rt costs 8nd an apportionment of
overhea(ts. as show in note 5.
Support W3ts indude those c0515 assodalÉd wlh meeting the ¢onstitution818nd statulory requlrefflents ofthe charity and
include the audit feè$ and costs linked to the 8trale9ic management of BHT Sussex.
Manag•ment of Units Ownod by Oth•
Rent and grant income receivable are induded in Incx)rne. The ¢osl8 of caryng OLrt the managoment of¢ontrads and
rechargeabl8 expènses are included Ni operating costs.
Schemes Manag•d by Ag8nts
Income from these 8thm*s 15 included wthin ronl recavable. The costs assoaated these properties relato to
depwation and loan intere81. No management fees are charged by Ihe agents.
Flnan¢e Costs
Interèst is incurffjd on loans held by BHT Sussox and is chaiged to the Statement tsf Comprehensive Income.
Curr¢nt and D•ferred Taxation
8Frr Sussex is a Charity wlhin the méanÉng of P8ra 1 ScJ)edule 6 Finallce Act 2010. Accordingty, it Is potentialty exempt
from tsxation in respect of incK¥ne or capital gains within categories covered by Chapter 3 of Part 1 f of the Corporation
Tax Act 2010 or Section 256 of the Taxation of Chargeable G8ins Act 1992, to Iho extenl that such income or gains are
applied exclusivety lo charit8ble purposes.
No tax c*arge 8ro8e in the period.
Impalrnient of Fixed Ass•ts
The housing property portfolto for BFrr Sussex is Assessed for indicators of impalmient at each balar￿ sheel datè. Where
indicators are idèntified. a detailed a95e58ment is undertaken lo comparè the carrying amojnl of assets or cash generating
units foi which impaimient is indicated to their ￿Verable amounts. An options appraisal is carried out to delemiine the
option which produces the highest net realisable value. Valuations on rental retum. or potential sale proceeds. are
obtained and used to inlom the oplions. BHT Sussex k*)ks at the net realisable value. from the oplions available. when
nsidering th& r8coverablg amount foi the purposos of Impalm￿nt asse55ment. The recoverable amount is taken to be
the higher of the tsir value. lèss cosls to sell or vaug. in use of 8n asset or cash genÈr81ing unit. The ass¢ssrnent of value
in us9 may invO￿e ￿nSider9110n$ of Ihe service potential ol Ihe assets Or￿Sh generalsng units concemed, or th8 present
value of future (xsh flows to be derived Ircrfn them appropriatety adjusted to account for any reslfictions on their use.
25

Notes Formlng Part of the Financial Stat9ments for the year Qnded 31at March 2022 {continued)
2. Accounting pollcl•$- Impalrnient of Fixed As$ets (ContInu￿1
No properties have been valued at Value in Use- Service Potential (vru-SPI.
8HT Sussex defines cash génerating unts as sch8m¢s, except where its schemes are not suffieienlty largè enough in slze
or wh&re il 18 geographicalty sensible to group schemès into larger cash generating units. lthere the recoverable amount
of an asset. or cash g&noraling unit. 1$ lower than Its Carrying value, an 1mpairn￿n1 is recorded through a thaige lo irtome
and expenditure.
Valua Added Tax
BHT Sussex charges Value Added Tax (VAT) on a small prokK)rtion of its incorne relaliThJ to legal and IT semces and Is
able lo reu)ver part of the VAT it on expenditure. The ffinancial statements indude VAT lo the extent Ihal it is
suffered by BHT Sussex and is not recoverable from HM Revenue and Customs. Recover8ble VAT arises from partialty
exempt actmlies and 15 credited to tho Ststsment of Comprehenslve Income.
Ponsion Costs
BHT Sussex operatès a defined conlribution pension schemè with ScA)tbsh Imdows and 212021: 21 staff membeis bèlong
to the NHS pension schem•. The assets of thé schemes are held separatèly from those of BHT Su$sex. Contslbulions to
the schemes are tharged to the profft and loss in the year in which tw b￿rne payable.
As part of the Sussex Oakleaf gift, 8HT Sussgx look over Defined Bènefit 8theme hèld wilh TPT- the Grcwth Plan.
This stheme is dosed to new mernbers. The scheme is 8 mulli.employer defined bènefit pension scherne. SuFfi¢ienl
Information is not availabla to enable BHT Suss8X to identify its share of assets and liabililies an¢J as a resull. and in
8¢cordance I￿1h FRS102. these ffinanaal statements ac¢ounl for the scheme as rf it were a defined ￿ntributIOn $cheme.
ere a recovery plan is in p5ace to a(klress the defidl, BHT Sussgx reojgnise. 8$ a liatility. its commilment to make
conlribulion$ under the t8mis of thal recovery ￿an wilh changes to the valu8 ofthi$ commitment rec4Jgnised wlhin Ihe
Slalement of Compreh6n$we Inc4Jme.
As part of our suCCessfi￿ lender ofthe East SUSS￿ Floating SupptKI Seivice. 412021: nil) members ofslaff are in th8
Local Govemment Pensitin Scheme (LGPSI for which BHT Sussex will pay a fLYed contribution rates for Ihe duration of th8
conlracL All other staff that TUPE'd wilh the new service are in oui Scotlish Wdows pension stheme.
Tanglblo Flxod AS￿ts- Houslng Properties
All housing properties are stated al C￿1 together wlh incidental costs of acquisition Jess depreciation and rmpaimient
(where applicable).
Expenditure on malor Tefurbishmenl lo properties is capiialised wheTe the works In￿eaSO Iho net rental stream overthè life
of the property. An in(xease in the nel rental stream may arise through an In￿e88e in the net rental in(x)me, a redLKtSon in
futrjre maintenance c(ists. or a subsequenl extension in the lrfe of the propety. All other ￿pair and replacement
experKliture is charged lo the Ststemenl of Comprehensive In￿rne.
DePr￿lation of Hou¥lng Property
H￿j$1￿9 land and propeity Is split between land, structur& and other maJorcompDnents that are expe(aed to require
repl8eemenl over time.
Land i$ not depredated on a￿￿Unt of its indefinlle usefijl ecor￿miC life.
The t>)81 of dl other housing property (net of8(xumulaled depreciation to date and Imp8irwit. wheffj applrable} and
components is depFecialed over the useful ecLxK)mic lives of the assets on the folh)wtrny basis..
Housing properltes are split t4iween Ihe StrU￿Urt and Ihe major componenls which require periodic replacement. The
cost5 of le￿a￿ment or restoration of ihese components arg camalised and depreciated over ihe defermined average
usa(ul e￿n0￿M¢ life as follows:
Dgscrl
Structure
Kitchen
Bathroom
Roots
Extemal doors
Boilers
15
Heating
30
External wJNIows
30
Leasehold properlie$ are depreciated over ihe18llg1h of the lease except whgre the expe¢ted useful ectsnorn￿ lite of
properb¢s is shorter than the lease. when the lease and building elements a(9 depreciated separatety over their expethd
useful econ¢)mic lives.
lon
E¢onomlc us•ful Ilfe
1C
20
30

Notes Fornilng Part of the Financial Statements for the
2. Accountlng policlès {¢ontlnuodl
Tangible fix•d assets- 0th8r
Olhèr tangi￿e rued as$¢ts are Stat￿ al hrstor1¢81 cost less accumulated dep￿(19110n and any accumulated impairment
losses. Historfcal cost indudes expenditure Ihal is directly attributable to bringing the assét lo the location and condition
ne￿$sary for Ét lo be capable of 0￿￿ting in tho rnanner intended by managemènt.
ear ended 31St March 20221continued)
BHT Sussex adds to the cairying 8mounl ofan ttem offfixed assets the cost of ieplacAng part of such an item when that
rA)St is inujrred if the replacement part is expecled to provide incremental futute beneffts to the organisation. Tho earrying
amount ofthe reptaced part is dere(x)gnised. Rep￿rn and maintenance are ch8rged to profil or loss during the peih)d in
which they are in￿jrrert.
Depreclatlon of Othèr Tang5bl8 Fixed As8Èts
Land is not depreriated. Depreci81ion on other assets is charged, 80 as to ¥Mocate tha ￿)st ol assets less their residual
value over their eslimaled usefijl INes. using the strai9hl-line method. The gstimaled usefrjl lives range as folbws.-
D•scTI tion
Leaseh¢Ad properties and improvements
Freehotd non-housing properties {exduding land)
Fixtures, fillings. tools arKI èquipment
Economic uselul life
Lease temi
100
•ars
The assets, residual values. useful INes and depreci8b.on methods are revlewed. and 8djusted pr03pectNety if appropriate,
rflhere Is an indicalion of a significant change since the last reporting date.
Gains and losses on disposals are determined by f))mparin9 the prowds svith Ihe txrrying amount ant18re recogrAsed
wilhin'olher operating income. in the Slalement of Comprehénsive Income.
Gov•mment Grants
Grants are carried as d8f8rred income in the balano Sheet an¢J releasÈd lo income and expendituie 8eo)unt on a
systematic basis over the usefrjl economic lives of the assel for which it was receivèd. In accordance wlh the Housing
SORP 2018. the useful economic life of the housiThJ propatty slructuig has been tsef￿ed {$ee table of usef¢Jl eeonomic
lives 8bove).
Where a social housing grant {SHG) funded prO￿ty is sold. the grant becomes rgcyclable and is transferred to a reeyded
capil81 grant fund until il ts reinvested in a replacernenl property. If there is no requirement to reGycl• or repay thg grant on
disposal ofthe assets. any unamortiseil grant remainiry wthin creditors is released and r¢¢ognised as In￿Me within Ihe
income and expenditure ttount.
Grants relats.ng lo revenue are r*(xJgnised in Income and expenditu￿ over tha same Ferf¢xl as the oxpenditur8 lo whKh
Ihey relate once perforfflance related conditron$ have bggn mel.
GBnts thje from government organis81ions or received in a¢fvance Bie induded as current assets or liabilities. Ouring Ihe
year, we tried lo minimlse the nUM￿r of peoplo on the govemmerfs Job Retention Stheme.
DebtOTS and Credlto
Deblors and txeditors wlh no statal tnlerest rate. that are receivat4è or pay8ble within onè year. arè recorded at
transaction Pri￿. Any losses arising from impaimient B ￿ recognised in the S¢atem8nt of ¢))mprehensive income ￿ other
operating expenses.
Rrfoverabl• Amount of Rental and Other Trade Recohvables
BHT Sussex estimates the recoverable value of rental. and other receNa￿e$. and impair8 the deblor by appropriate
amounts. When assessing the 8mounl to impair it reviews the ag$ profile of the debt. historical Coll￿*10n rates and the
elas8 ol debt.
Financlal LIa￿litI9$ and Equlty
Fln8naal liabilities and equty are dassified acwrding IL) the substan¢% of the finanaal instrumenvs ￿￿traCtUal Obligath￿s.
rather than the financial instrumgnfs legal form.
Loons
All loans held by BHT Sussex are dassified as basicfinanrjal instruments in aceordance with FRS102. These instnJmenl$
are initially recorded at the transaclion price. FRS102 requires that basic ffinawKial ￿StruMentS are Subsequently measuted
al ar￿rtISed cost.

Notes Fom)ing Part of the Financial StatemoTrts for the year ended 315¢ March 2022 (continued)
2. Accounting policles {continued>
Cash and Ca¥h Equival￿ta
Cash and cash equivalents in Ihe Slatemenl ol Financial P08+tion consfists of cash at bank, in hand, deposbts and short-
lefrn investsments with an orfginal maturity ofthree months or less.
Leased A$8ets- Lesse•
All leases arè trealed as operaling leas8s. Their annual wtals are charged to wofil or loss on a straight-11￿ basi5 over
the lemi ofthe lease.
Reversa ptemiums and gmilar In￿ntiVeS received to gnler inlo operating lease 8greernents a￿ released to profft or loss
over Ihè tsrm of the lease.
Provl$ion for Llabllitles
BHT Su58ex has recognised provisions for liabilitiès of ur￿ertaIrt Ilming or amwn18 induding those for major repairs on
sloc* transfers and loaseholders. dilaimdalions. restNduring.
Provisions are measured at the b881 e8timate of the expendilu￿ required to seile the obl19al￿n at the b8lance sheet date.
ère ihe effect of the lime value of rnoney is material. lh& anount exPe￿¢d lo be required lo settle the obligation is
recognised al th8 present value using a discount rate. The unwinding of the di3count is ￿())gniSed as o finance cost In
income and expenditure in thè ￿riod it arises.
Contingent Llabilities
A ¢c￿ti￿gent Ilability is reccgni3ed for a possitrle obligallon, for which il is not yet confimed that a present obligation eyists
that could lead to an outllow of resources. or for a present obligation Ih81 does not meet definttions of a provision or a
IHknIty as it is not probable that an tyjffiow of resour￿ will be required lo settle U)8 obligalton or when a suffica¢nlly
reliable estimats ofthe amount camot be made.
A o)ntiTh4gnl fiability exlsts on grant r8p8yment wh￿h Is dependent on the disposal of refaled property.
Reser￿$
Income re¢eNed. and expenditure incurred. lor reslri¢tod puiposes is separatety a¢¢x•unted for ￿thIn restrict8d funds.
Realised and unrealised 98ins and lo&ses on assets hèkl by thes& fvrxls are also allocated to the fund.
Gift of Assets
All assets liabli rfres knnsfeTred 8re ￿cogniSed at fair vahje.
Judgements In apptylng accounting pollcles and key Sources of frstimatlon uncertainty
In preparing these fjnancaal statements keyjudgafflerrts have been made in rospect of the followng:
Covid-19 has not triggered any reductions for BHT Sussex piopety values as net r6ntal inllows are broad￿ nol
affected. lo boih ongoing high demand for social housing. the limited impact on future cash Ikms due to
highly certsin rental slrearn8, and the impala of rising bad debtslarrÈar5 being limitod,. and
lthelher there are indiTrlor8 of impaimènl of tangible 3ssels. Factors taken into considerath)n in leaching sud) a
decisKJn include the economic viabilty and expected future finanoal perfotman¢e of the asset 8nd. Whe￿ it is a
component of a larger (ssh-geneiBtin9 unit, the viatN"fity and expected fijture ￿rfO￿nanc8 ofthal BHT
Sussex has cons¢dered the measurement basis to dotè￿ln8 Ihe recoverable amount of assets where theie a
indicalors of irnpaimient based on EUV-SH or dewecialed replacement cosl. BHT Sussex has 8180 omsidered
impaim)Ènl based on their assumption$ lo define cash or asset generating units.
Othèr key sources of e8llmaUon uncertalnty
Tgngible fixed8ssets (see nole 14 and 15)
Tangible fixed assets. other than invesim•nt properties. arg depreciated over Iheir usefijl lives, taking rnlts account
rèsidual values where appropriate. The ￿tUal lives of the assets and residual values are assessed pariodically and
may vary depènding on a number of factors. In re-assessing asset lives. factors such as asset and m8rkel condition
arg laken into aixount. Residual value asses$rnents consider issues suGh as future m￿ke1 conthiions. the remaining
Iff¢ of the assèt and woied8¢J dispxal values.
28

Notgs Fornilng Part of the Flnanclal Statements for the
Other kèy Sources of esttmation uncertalnty leontinuedl
H¢JJ$lng propety assets a￿ bfoken down inlo Components baséd on managemènt's assessment of the propertles.
Individu81 useful economic INes are assigned lo these ojmponènts.
RentBlÈnd otherlrade tsceNables (debt0￿) ($88 T￿18 16)
The •stimale for receivables relates lo the recovorability of the ba18nces ouistandtn9 al year end. A rèview is
perfomied on 8n ind￿0du8l debtor basis to considerwhelher oach debl is recmrable.
ear ended 31st March 20221contlnued)
Pro￿s1On of potential r•ntal bad debts is basod on 11]IYh orfomiertenant arr8ar8 balan￿$ and for curienl balances, 8
variable percenlage speofiG lo eath service based on past wyile-off levels.
Partl¢ulars ot Turnover, C08t of Sales, Operating Costs and Operating Surplus
Turnovèr
Oparating
Costs
OperatFng
Surplu#l
ID•fielt)
2022
2022
2022
So¢ial Houslng Lettings (Not• Sl
7.438,043
16.464&981
973.445
Other Social Housing Acll¥ltlo9
Supporting peopl
Residential Care and Other grants
1.165,986
1.235,687
1,134.6021
11.201,7281
31,384
33.959
Total Swial Houslng
9.839,716
18.80D.928)
1.038.78J
Aetivitles other than S￿la1 Houslng Activities (Noi• 61
Legal Advisory SeNicgs
Day Centre
Non-IK)usirNJ rent incomg
Other ac*ivrties
1.289,253
412,024
40.012
3 394.085
11.267A451
1444,6841
140,012)
4.033.160
21.808
132.660)
639 075
Total Activities other than Soclal Houslng
5.135.374
15,785,301)
1649.927)
Total
14.975,090
{14.586.2291
388.861
Turnover
Opeialing
Costs
Opeialing
Surplusl
(Deficit)
2021
2021
Social Houslng Lettlngs {Not• 51
7,532,948
16,235.698)
1,297250
Othor So¢lal Houslng A¢tlYiles
Supporting people
Residential Care and Other grants
1.180.863
1.158,980
11.083,8831
{l.[￿3,977)
96.780
95.003
Total Soelal Housing
9,872.591
18,383,558)
1.489,033
Actlvltl8s other than Soclal Housing Actl¥itiè8 (Note 8)
Legal Advisory Servlces
Day Centre
Non-housing rent Income
Olher 8cllvilie8
1,(￿.928
364.473
22,626
2.482,243
(1.261.361)
1510.013)
128,45n
3,139,163}
(254.433)
(145.540)
(5.831)
(656.920)
Total Activities other than Social Houslng
3.876.270
(4.938.994)
11.062,724)
Total
13.748.861
113.322.5521
428,309
29

Notes Fornilng Part of the Flnancial Statements for the yèar ended 319t March 2022 (eontlnueo)
6 Income and Expenditure from Soclal Housing Lettings
Gener81
Ne¢d$
Supported
Housin9
Temporary
Sooal
Housing
Total
2022
Total
2021
Ineome
Rents nel of identifiabl¢ Se￿1￿ tharges
Semce charge income
Release olgovemmènl capital giants
Other income
Turnover from soclal housing lettlngs
2.369.098
522.886
110.514
2,171,344
1.703.217
61,840
45,205
3.981.606
322.253
131.684
4.862,695 4,932.376
2,357.789
2,381.867
172.354
161.288
3.002,500
453.937
7.438.043
7.532.948
Exponditure
Managemenl
Sérvre charge cos15
Routine maintenance
Planned mainlenance
Major repairs eX￿ndItUre
Bad debts
Depreaation of hwsing ptopèrtigs..
annual charge
accelerated de
reaation
Operatlng expenditurg on
social housln
lètbn
Oporating surplu¥ldeficit on
social housln
lettin
(42.080) {276,1931
(1.109.602) {3.298,8921
1446,146) {203.0861
(83.141)
136,298)
(94.530)
128.302)
127.988)
{31,666}
(20,660)
{338.9331 (325.478)
{317.7201 14.726,2141 14,630.836)
{27.410)
1676,6421 1505,372>
{2,556)
1121.995) {199,6731
103
1122.7291 1152.602)
11,211}
160,8651
(28,153)
{187.4741
8,113
(220,778)
1.814
(1,982,848) (4.097.029)
(15,267)
1423.519) {388,8231
{384,721} 16.464,5981 18,235.6981
1.019,652
(115,423)
89.216
973.445
1.297,250
Voldlosses
memorandum onl
28.320
589.665
477.19
The differenco beknn £2.094.394 and £1.079,141 (both Note 14} is repairs and maintenancg cDsts. The dffiffeier￿ of
£1,015.253 Is rÈpaiTS and maintenance exp6ndilure. This amount has been split betsveen Sw81 Housing {£921,3661 as
delailed in notè 5 and supporting people1£93,887}. 11 should also be noted Ihat wthin acceleral¢d deprecialion. there is
gain of sale of land for the valug of £14.176.
6 Particulars of Turnover from Non4oGlal Houslng Actlvitles
2022
2021
Advlce SeNI¢¢s:
Leg￿ [n¢￿dIr0 costs & diSt￿rsementS re(x)vered
728.944
553.089
Grant con￿1 inwnes
S15,269
431.410
Don8tion8. fvndraisi
other incc*ne
22.429
Total for Advlce Servl¢•s
1 289 253
1006 928
2022
Day Cgntre
Grani cc*)tract incomes
Lunches
Donalhms fundraisin
316,763
253.485
& other incomo
95.261
110.838
Total for Da
Contre
412,024
384.473

Notes Fomilng Part of tho Flnanclal Statemenls for the year endod 31st March 20221contlnu4d)
6 Partlcu10rs ol Turnover from Non-So¢ial Houslng Activltles fcondnued)
2022
2021
Non.housing rent Incomo
RenaissatKe House
Total for Non.housln
rant Income
2022
other Actlvlti•s
Grant contract incomes
3,117.889
124.998
17,908
2.057,638
124,998
17,8861
107.721
8HT Sussex IT Solution8
Donati￿$ 8 fundraisin9
Furt0￿h tiob retention sc*eme)
Other Income
Total for other activitl
3 394 085
2.482.243
Turnover from non4ocSal housin
actlvltles
5.135 374
3.876 270
Units of Housing Stock
2022
Number
2021
Number
Gèneral neojs s￿la1 housing
Supwrted housing
305
132
130
Total social housiw unils
437
435
Totsl owned
437
435
Accomm(xlation rnanaged lorothers
323
324
Total markaged accommodation
759
Unlls managed by othar Trusts
Total own8d and managed a¢¢ommodation
765
Th• inThse in tha numberof unils (hmed Supported A¢coMmc4jat￿ from 120 to 132 is a t95uII of the purchase oftr
31

Notes Fomilng Part of the Financlal Statements for the yoar ended 31•t March 2022 {eontsnued)
Oporatlng Surplus
2022
2021
Th¢ opetaling surplus is 8ffiv&J at 8ftÈr charging..
DepreaatM)n of housing properties- 8nnual charge
Depreciatron of olher tangible fixed assets
423.519
145.103
388.823
103,261
OperatirKJ iease charges- laThJ. bullding and vehides
1.605.202
1.638.396
Auditorfs remuneralon Ilnduding VAT)=
fae$ payable for the audit of the annual accounts of the
Trust
29.280
29.280
9 Employoes
2022
2021
Staff costs linGluding Exeurtwe Management Team) consist of..
Wages 8nd salarie8
SociaT security costs
C081 of defined contritKJlion scheme
7,301,355
599,476
334,856
6,434,707
S34,￿1
308,781
8.235,687
7,278.049
The average numbèr of emF4oyees (including Executwe Management Team) eX￿e88ed as ftjll lime equivalents {Ca1￿lated
based on a slandard wi)rking week ol 37 hour81 during the year was a$ follows..
2022
rooo
2021
£'ooo
Admi￿￿tration
Hou8lng, Support and Carè
75
195
71
163
270
The bjll thme equivalent number of staff recerving remuneration, Induijing company pension o￿tributIon, in excess of
£60,O)O was..
2022
No.
No.
£60,C￿. £69,999
£70.CQO- £79.999
£80,(IXI- £89,999
£90.(KQ- £99.999

Notes Fonnlng Part of the Flnancial Statements for the year endod 31°, March 2022 (continuedl
10 Dlrectors and Senlor Exocutive Remuneratlon
The directors are defined as the members of ihe Board of Trustees {the Board). the Chtef Execulive and Executivo
Management Tèam {EMT) disc103ed on pagè 2.
Key management personnèl are defined as membeTS ofthe EMT. Their remuneration is disclosÈd bdow..
2022
2021
Executive diredors. èmoluments
CoTrtribulions lo mon
ufchase
356,9)7
nsion schem•s
345.217
Total
376.469
363.710
No memb8rs of the Board of Trustees received any emoluments in 2(Y22= nil12021.' nill. The Board of Trustees re￿ed
£40 {2021'. £35) for Board expenses during the year.
The totsl amount payable to the Chief ExeculNe. who was also the highest paid director in rèspect of emoluments. was
£87,67012021- £86,8(Y21. Additionally, pension conlribul*)ns of£4,822 (2021.. £4.7741 were made to a deffined contsibulion
pension stheme on his behawas an ordinary member of the schemé.
As a membei of the ￿MpanY pension scheme, Ihe pènsion entrf1•￿￿nl of the Chief Execulive is identical lo those of othèr
members.
Thete ware 5 directors in the defin¢d c4JnlributNJn pension scheme {2021'. 5).
11 Board Mgmbers
Member of-
F5nanc•
Audit & Rlsk
Commltt¢•
Board
Membe
Oporatlons
& Pèr¥onnel
Committee
R•muneratlon
Cornmlttge
Govgrnanc•
Commltt•è
Board
Joan Morttmer
Leona Oaniel
Petw Freeman
Sarah BUt￿r
lan Millac
Melanie Daws
Roger Hrnlon
Kelvin MacOon8kF
Gerald Main
Mary Tawiah
Paul Wlliams
Paul Fèalherslon8
Nthc4as Wllmorè
Lawrence Santeross
Angel￿e Walkgr
Andrew Rose
No remuneralron was pald lo B0￿d mèrnbers. (2021.. nill.

Note8 Fonning Part of the Flnanclal Stat¢mgnts for the year ended 31¥t March 2022 {continuod)
12 Inter•st Rtceivabje al￿ Incryn? frorn Inv061m•nts
2022
2021
Interest rec8wable and similai inccxne
13 Interest Payablo and Slrnilar Charg0¥
2022
2021
Intgresl on loans and ovèrdrafts
41.871
52.199
14 Tanglblo Flxod A$80ts- Housln9 Pr¢￿rtIeS
General N￿18
Supported
H¢uslng
Total
Cost
Al 1* Apra 2021
15.378.4C
10.664,314
26.042.720
Addition3'.
repla¢ed c(¥nponenis
other
Purchase ofnew propety- Rapjey Court
DisposaL8.'
replaced ¢omponents
256.804
,803
T44.￿8
87.708
383,658
400.972
294.511
383.658
(54,6591
(13.910)
(68.569)
At 31" March 2022
15787 154
11266 138
27 053.292
Dèpr•eiation:
At April 2021
Charge for the year
Elimknated on dispos81s.-
re￿aCed components
13,561.141)
1187,4751
12.812.775)
{236,tM41
(6.373,916)
1423,519)
48,
12,591
61,187
At 31st March 2022
13.700.020)
13,036.228)
{8,736.2481
Ngt book valuo #t 31" March 2022
12.087.134
8,229.910
20.317.044
Net book value at 3151 Mar¢h 2021
11.817.265
7.851.539
19.688,804
The net book value of houslng pffjpertks may be further analysed as:
2022
2021
Freehold
Long Leaseh)Id
Lè88ehold Improvements
17,045,369
2.492.132
779.543
16.373.464
2,5CiI.956
794.384
20 317 044

Notes Forming Part of the Flnan¢ial Statements for the year ended 31¥t Mar¢h 2022 (eontinuedl
Note 14 Icontinuedl
Tatsl Soclal Housing Grant r¢¢•lvod Is as foFlovr.
2022
2021
C8
it81 Grant- Housin
Pro
iÈs
15,941.IOB
15,873,608
Total Twsl expenditur8 during the ye3r on works lo existin9 properties was £2,094.394 (2021.. £1.373,5211 of which
£1.079,141 12021.. £508.623) has been ￿pitalis￿￿. The drfre￿nCe be￿een £2,094.394 and £1.079.141 is repairs and
rna1ntenan￿ costs. This amount has been split belween Scrial Housing £921.36612021'. £857,647) las detailed in note 5)
and gjpporting people £93,887 (2021.. £7,251). Of Ihe amoLJnts eapitalised, £4CQ,972 12021.. £329.285) relates lo the
replacètnenl of complynents £294,511 (2021.. £179,338) relal¢s to the enhancemenl of properties and t383,65812021.' nil>
was lorlhe purchase of Land and Builrfing.
15 Tanglble Flxed Assets- Other
Non.Hou¥ing
Property
Flxtures.
Fittings and
Equlpm¢nt
IT Equlpment
and Soffvrnre
Totsl
CoBt orvaluation
At 1S1 Aprl 2021
Additions
Dis
osals
2,107.767
11.386
147.420
97.977
5.201
207,715
129,259
2.462.SY)2
238.622
At 315t M•reh 2022
2,119.153
240,196
273.528
2.632.877
Dgpreclatlon
Al I. April 2021
Charge lor ￿r
Di8
osal
{512,108)
130,862)
158,7751
144.233)
4.706
(138.698)
{70,008)
(707.581)
(145.103>
88.152
At 31" March 2022
(542,970)
196,3021
1145,2601
IT84.532}
Net l>ook valu• at 311¢ Mareh 2022
1,sr6,183
143,894
128,268
1.848.345
Not book valu• at 31st March 2021
1.595.659
90.845
69.017
1.755,321
Total Capltsl Grdnt roeèlved18 as follows:
2022
2021
Ca itsl Grant- Freehold Non.Housin P
erties
680.000
Th• net book value of non-houslng propèrty may be further analy*èd as:
2022
2021
FreeFK)fd
Long
Leasohold
1,443,869
132.314
1,460.949
134.710
At 3111 March
1.576.183
1.595.659
35

Notss Forming Part of the Flnanclal Statements for the year ended 3151 Mar¢h 20221con¢lnuedl
16 Debtoys
2022
2021
Du• within ygar
Rent arKI Servi￿ charge airears
LÉ$8'. Provision for doubfful debts
469,885
284.764
99,475
185.289
912.532
1,018.883
Othèr debtors
Prè
ments arKI arxrued Income
339.913
3,168,039
1.120225
4,628 177
2.116.704
17 Creditors: Amounts Falling Due Wlthln On• Yoar
2022
21Y21
Loans and bOrro￿n9$ (Note 20)
Trade ¢redilors
Taxab"on and social security
Other creditors
Accruals and deforied incomè
Oeferred Ca
't81 Granl
note 19
36.390
587.808
200.622
89,596
4.802.942
260 165
69.556
399,WJ9
154.131
162.688
1.036.922
5 977.523
2 012.576
I￿ude￿ vthhin Other (Xeditors is £9,103 relaling to TPT Pension Liability due within one year.
Accruals and deferrnd in￿rne incregses in 2￿21r22 are due to new contract with East Sussex County Councfl whith runs
from November to October. Mth 8n annual valug of £3.8m.
18 cr￿ltorS.. Amounts Falllng Due After Onè Year
2022
2021
Loans and borrowngs (Note 20)
Deferred Capital Grant (Note 19)
TPT Pension Liability
312.834
12.312,344
6,705
349.635
12,488,023
29,234
12.631.883
12.868.892
19 Deferred Capital Grnnt
2022
2021
At l￿AprIl 2021
Addition
Released to Ir￿Me dwi
12,677,363
67,500
172.354
12,767,272
71,359
Al 315¢ March
12,572.509
12.677.363

Note$ Fornilng Part of the Flnanclal Statements for thg year endgd 31$( Ma￿h 2022 (contlnueo)
Note 19 I￿ntinued)
2022
2021
In one year or less. or on derrHnd
In more than one year but not rnore than bvo years
In more than fv40 years bul not more than fve years
In five years 01 rnore
260,165
260.165
568,020
11.484.159
189.340
189.340
568.020
11,730.863
12,572,509
12,677.363
20 Loans and Borrowln98
Maturity of debt..
Bank
Loans
2022
Bank
Loans
2021
In one year or less, or on demand
In more than one year bul nol more Ihan tt¥o year¥
In nv)r6 than years bul not morè than five year8
In five
ears or more
36,390
1.959
7,224
303 651
69.556
36.812
6.510
349.224
419.191
Loans are sérJJred by speiific charges on the housing properties of BHT Sussgx. The to8ns bear interesl at fixed ratÈ$
ranging from 9.25% to 13.375% or at variable rates calculated al a maTgin above the London Inler Bank Offer Rate. There
were rKJ is$uè costs assod8ted wth Ihe loans.
21 Provl$ions for Liabllltie6
Dilapldatlons
2022
2021
At 1th Aprfl 2021
322,098
206.244
Transferred fiom Sussex Oakleaf
Released to income artd ex
nse
Charged a$ at 31¢t Mard)
384 590
322.098
maintenar￿ eosts of returning properties. under oper8tJnu leases. to thèir landlords in a tetlable stste. These costs are
SU￿eCt lo the lease o)nditions; indudes onty dienvtenanl damage and excludes landlord re8ponsibility repairs.
22 Penslons
D•fintrd Contrfbutlon Scheme
A defined conts6bulH)n pension scheme is operated by BHT Sussex on behajl ofthe employees. The assets of the 8chem&
are held sepatalely from thosè of BHT Sussex in an inde￿￿den￿Y administered lund provtded by SryJtti8h WKlows. T
pension charge represents S.5%12021.'5.S¢hl of penstonable salary contfjbutions payab￿ by BHT Sussex to the fvnd and
amounted [0 £310.26012021.. £281,9611. Contritmjtions totalling £0 (2021: £40,356) were payabl8 to the fund at the year
end.
8HT Sussex ako operales o defined contribution penskm scheme for ex-SUS￿ Oak]eaf em￿OyeeS who TUPE'd to
BHT Sussex. The assets of thè scheme am held separalety from those of BHT Sussex in an independently administered
fund prowded by TPT. The pension charge represents eontiibLrtions P￿able by BHf Sussex to the fi￿d and 8mthJnied to
£29.073 (2021." £26.820).
37

Notes Forniing Part of the Flnanclal Statemants for tho year endod 315t March 2022 (continued
Pgn¥1o￿ Icontinuedl
In Novoffl￿r 2021, BHT Sussex TUPE'd seven staff frcffl South EBst Inde￿nd￿nt LNing Limited (SEILL) and made
eontribulions payable io the Local Govemment Pension Fund (LGPS) of£8,990
Two 12021.. 21 slaff belong lo the NHS pension scheme. Membershlp ¢)f this schome is not open lo other BHT Sussex
members of staff. BHT Sussex contrrbuies 14.38% (2021: 14.38%} oflheir pènsiorwble 38tsrie8of members tothis sd)eme.
Dèfined Benefit Scheme
TPT Retirement Solutions- The Growth Plan
The cornpany Part￿1pateS in the scheme. a mulu-employor scheme which provides beneffts to some 63812021.. 950) non-
a&%)cialed partirypating employers. The scheme is a d8fin&d benefit stheme in the UK {now closed). It is not POS5ibJ8 for
the wnpany lo obtain suffiaenl infoThation to enablè it tr) a¢counl for Ihe scheme as a defined benefit scheme. Therefore,
it ar£￿Jnts for the scheme as a d8finÈd confribulion scherne.
The scheme is subjecl to the thjnding legislat(on outlined in the Pensions Act 2(n4 which came into force on 30 December
2(M)5. This. together with doojmenls i5su¢d by Ihe Pensions Regulator and Technical Actuarial Standards is8ued by the
FinancAal Reporbng Counal. set out the fr8mèwork for fiJnding defined benefit occupattonal pension scJ)ème5 in the UIQ
The scheme is Classif￿ as a '1881-man Standing avrangemenv. Therefore. the company is potentially liable for other
partiapating employers. oL4igalions if Ihose employers are unable to meet their shaFe ol the scheme deficAI followi￿J
withdrgwal from the scheme. P8rti(xpating employer8 are legally required to meet 1heir share of thè sehÈme deficit on an
annuty purd)asè basis on withdrawal from the 8cheme.
A full actuarial valualliy) for the stheme was ¢xrried out on 30 September 2020. This valuation showed assets of £800.3m.
Ilabillliss of £831.&n and a deficit of £31.6m. To eliminate Ihis fundiro shortfall, thg Trustee has asked the parlicipating
employérs to pay addition￿ contributions to the scheme as follows..
Deflclt tontrlbutions
From IAprll 2019 to 31 January 2025:
£3312,000 perznnum
(payable monthly)
Unless a con¢wion has been agreed with the Trustee the tetm to 31 January 2025 applies.
Note that the scheme's prevtous valuation was cathed out vhth an effe¢tNe date of September 2017. Thls valu8tion
showed assets of£794.9m. liabilrfi&s 01£926.4¥n and a dekit of £131.5m. To diminate this funding shortfall, the Trustee
has ask￿ parttcipa*ng employers lo pay additiorAI conbibU￿Ons lo the scheme as folknys:
From l Aprll 2016 to30 Stptember2025..
£11,243000 per annurn
(payable monthty and Inueosin8 by 3% eath
on l* Aprlll
31 Marth 2022
l£sl
31 March 2021
(£5)
31 March 2020
l£s)
Present value of provislon
10.$48
39,137
46.372
The amount recogni8￿ ts thè nel present value of the deficit reducbon c4)ntributions payable under the agreement Ihat
relates lo Ihe deficit. Thè présgnl value is calculated using ihe diso)unl rale delailed in th¢% disdosuies. The unwinding of
the discount rate is recognlsed as a finance cthl.
38

Notes Fomiing Part of the Flnancial Statements for the year ended 31•t March 2022 Icontlnuod)
Nots 22 Icontlnugd)
PRESENT VAULES OF PROVISION
Perlod Endln8
31 Maich 2022
PerTod Endlng
31 March 2021
(£51
Provision at startof period
39.137
46.372
Un￿1ndIn6 ofthe dt5count fattor Itnterest e¥pensel
226
1,042
Defidtconvibuuon paid
19.9)41
19.6151
Reme35urements- impartof Jnychange In assumptions
12421
1,338
RemÈasurements- amendmerits tothe contribution Schedule
I￿.669)
Provwon aterKI of perknd
iOy8
39.137
INCOME AND EXPENDITURE IMPACT
Perlod Endlng
31 Marih 2022
l£sl
Perfod Ending
31 Marth 2021
l£sl
Inlere5texpense
226
1,042
Remeasvrpments-lmpactof change In a5sumption5
12421
1,338
Remeasurements-amendments to the cotstribution schedul?
118,6691
ContrIbu¥¢￿5 paid In respett of fijthre ser¥Ke
Costsrecoanlsed in ITKorr* and expwdltvreaccouni
Includes defined contribution schernes and fulure selvice ¢onlribulions li.e. e￿lu(lIng any def￿1 reduction payménts) to
defined benefit gtheffle6 which ￿ treated as defined eontiibulion sch8mgs.
Assumptions
31 March 2022
%perannum
31 Marth 2021
%p￿ annum
31 March 2020
% per8nnurn
R* ofdiscount
0.66
2.53
The diso)unt rates shown above a￿ the equivalant $iryle discount rates whth. when used lo diso)unt th8 fulvre rec•)very
plan con1r{L￿t1￿s due, would givo the saJne resutts 88 u&ng a full AA corporate bond Y￿]d to discount the same
fecovery plan ￿NtributIOns.
39

Notes Fornilng Part of the Financlal Statements lor the year ended 31st March 2022 (¢ontlnued)
Note 22 {eontinued)
ADDITIONAL INFORMATION
FOR THE PERIOD ENDING 31° March 2022
COMPANY.. BHT Sussex
SCHEME: TPT Reltrement Solulions-The Growth Plan
The fol&)wlng schedule dètsils the dèfi¢it contributlons agreed b8tween Ihe company and thè stheme al each year end
perrod..
DEFICIT CONTRIBUTIONS SCHEDULE
Year ending
31 March 2022
(£s)
31 March 2021
l£s)
31 March 2020
l£sl
9.615
Year 1
3,843
Year 2
10,201
9,904
10,201
10.507
9.018
Year 3
3.302
10,507
9.018
Yeai 4
Yèar 5
Ye8r6
company musl re￿gnISe 4 liakllity measured as the present value ofthe c(¥rtri￿ti￿s payable that arise from Ihe deficit
re¢overyagreemenl and the resulting expense in the incomo and expenditure aco)unt i.e. Ihe unwnding ofthe diswunl rate
as a finance cost in the period in which it awises. It is Ihese contributions Ihal havè been used to d8rive the companls
balance sheet liability.
23 Contingent Liabilities
BHT Sussex received Sociol Housing Granlswhith were used to fund Ihg acquisrfion and (Jevelopmenlofhou￿ny properties
aFYl their componènts. A grant of £4,015.378 {2021= £3.857,2661 was received in respect of housing properties held al 31
Marth 2022 in respect of adoption of histortc cost. BHT Sussex has a future obligation to recycle such gi8nts once thè
properties are disposed of. Al 311t March 2021. the value of grants re￿iVed in resped of these properties that had not been
dispos&l of was £11.799.84512021: £11,957,997).
A grant of £67,500 {2021-. niD was received from Homos England Grant recEived Sn rè3pect of housing prop&rties in 2021-
22. Al31￿ Marc* 2022. the value ofgtant re￿iVed in rèsped ofthèse properties th* had not been disposed of was £e£,825.
In &Jdition. non-social hwsing grants of£63920012021.' £639.200) had been iocerved in res￿¢1 ofproperti•s Ihal had not
been dispos￿ of.
BHT Sussex has no plans to sell p￿p￿te8, so no prtivisw has b8en recognised in these finan￿al statement8.
Grant recelved in respect of the Archway proiect for improvements Is nil12021'. £22.4311.
Tolal inf￿￿On control grants receNed for housin9 properties is nil Q021: £48.928).
40

Notes Fomiing Part of the Financial Statements for the year ended 314t March 2022 (contlnued)
24 Operatlng Leasos
BHT Sus88x had minimum lease payments under non<ancellable operating leases as set out bdtyN'.
Amounts Payable as Les9ee
2022
2021
Not latsrthan 1 yeaT
Later th8A 1 yègi and not later than 5 years
L*r than 5
ars
1,605,202
2,348.425
1.599 725
1.638.396
3.195,291
2.974.345
Total
5.553,352
7.808.032
Amounts R•cèivablg as Lessor
2022
2021
Not later thon 1 year
Later Ihan 1
ear and nol later than S
46.591
44.292
113,099
ears
Total
157391
Avera
e rents recelvable from tenants
r week
159.509
149.195
25 Capltal Commitfflents
There wete ￿pital cOn￿lIn￿nIS contracted for nine propertles to the values of £324.589 as at 311t MBrth 2022 {2021'. niD.
26 Rolated Party Disclosures
Two members of oui Board ale also ten8nts of BHT Sussex. These Boar(1 Mem￿TS pay rent and service charges and these
transaclions have taken place al arm'5 length. The average renl charge for the type ol property rented is £110 (2021.. £108}
perweek including service charge8. The rent charge paid by boih 8o8rd membws 15 £110 (2021.. £108) pgrweek.
One Board memberwhose parlnér 1$ men*er ofThe Board ol Sussèx Inleq)reting Services. who are a supplier of Se￿ICe￿
to BHT Sussex Advtce. there was 1 12021.. 1) transaction and the sum paid was £414 P021.' £417).
There is also A further Board member who is a Trustee of BFtf c￿￿114b1e Trust. There were transactions (2021.. nil) with
BHT Charitabl• Tru3t.
There were no other related party IrarKsactsons in tha yéar lo 31° Marth 2022.
27 Membgrs. Llablllty
BHT Sussex h8s no share capital. and the liabilty of thÈ member8 is limited by guarant8• as set out in the provisons of the
Artdès ol Associalm.
Each ofthe 14 (2021.. 151 members has undertakèn to ¢￿trIbUte £1 in the evenl of BHT Su$s¢x beiThJ wound up.
41

Note8 Fomilng Part of the Flnanclal Statements lor the year ended 31st March 2022 (contlnu•o)
28 Capltal and Res•rves
Restrlcted R8s•rves
Transfor
from
Sussex
Oakleaf
Released
te Genèral
Reserv8s
1 Aprll
2021
31 March
2022
In¢ctho Expènditure
Adv￿ PM
Th& Academy
Reaching Communities Trirsl
Imprèssions
Fulfilling Lives
East Brighton Gateway
East Sussex Floating Support
Desi9n8led
R6seNes
Development
Property Maintenance Reservo
Property Revaluation Reserve
Restricted Reserves
Revaluation
Reserve
Total Restrieted ReseNes
(7,388)
105.875
13.750)
11,138
95,268
201.143
(7.268)
762.338
(3,116)
7.268
1.040,827 (1.010,918) (487.682)
(1,6201
4.736
1.201.147 {1.192.371)
304.565
8,776
2.8
37,CQ)
2.896
37,000
Investment
2,496
892.833
2.337,242
(2,208.6591 (464.540)
556.876
Unrestricted Reserves"
10.143.122
12,637.849 112,418.124)
464,540 10.827,387
Total Reserve$
11 035.955
14 975.091
14.626 783
11384263
Tran$f•r
from
Sussex
Oaklgaf
Rel•a¥ed
to General
Res¢rves
1 April
2020
3t March
2021
Income Expendliur
Advice Plus
The Academy
Reaching Communtties IFwst
Impressions
Fulfilling Lives
East Brighton Galeway
East Sussex Floating Support
Designated
Reserve$
Devd()pment
Propety Maintenance ReseThe
Property Revaluat￿ Reservè
Restricted Reserves
Revaluation
Reserve
Total Restrictgd ReseNos
13.678)
85,766
13.712)
(51.179)
{7.388}
105,875
71.288
17,268)
737,248
(3.116)
{7,268)
762,338
13.116}
1.2SI,787
(1.209.697)
2.8
37.C(X)
295,524
3,958
2.896
37,000
1295.524)
{1,462)
Inveslmenl
2.496
107.369
446.747
808.954
1.306,075
11.264.588) (404.355)
9.181.946 218.gao 12.447,995 (12.110.163)
892.833
Unrostricaed Reseryes.
404.355 10.143,122
Total Reserves
9.990 WO
665 737 13,754.070
13.374.751
11035,955
'The (yening bapance for Unrestrici8d Reserves has been rÈststedto the 2021 s19r￿d accounts for Slatementof Changes
in eqvity aThJ the Financial Position.
42

Notes Formlng Part of the Flnancial Statements for tho year ended 31•t March 2022 {contlnued)
Not• 28 lcontinuedl
Re￿1¥0
Purpose and r¢$triction in
Aijvice Plus
The Academy
LO￿ advice servrcès in East Suss8X
H8lping homeless peop￿ mov8 into employment and
accomfflodalion
Helping h¢Nneless people ov91￿rne barriers lo employment
Promoting change with p¢oplè wilh multipl& and CoM￿eX n8èds
Support for indNiduaLs lo attess privale rented sector in
Eastboum8
Support for indivi￿alS lo access private rented sector in Hastings
Partnership b¥$ed leaming and èducation activities
Transferred from su&￿ Oakleaf8nd is for Millhaven Fund
Transfe￿ed from Sussex Oakleafand is for Capitsl Major Vvorks
Transfe￿ed from Sussex oak￿af
Transferred from Sussex 0a￿eaf and 1$ for Children In Need
Transferred from Su55ex 0a￿eal
The provision of a Housing refaled Floaling Support Servi¢e8 to
support people to IN8 wetl and indepen¢enUy in their own homes in
East Sussex
RÈ8thing Communib*s IFirsl Impr8s$lons
Fulfilling Lives
Easlboume Housing Access
Hastings Hwsing Access
East B￿gh¢on Galeway
Designated Reserves- Development
Propety Maintenance Resetvo
Propety RevalualK)n Reserve
Restricted RaSe￿e5
Revalualton Investment Reserve
East Sussex Flo8lrny Support
Release of Restsided Reserve5 to General Reserves is the offundin9 for Speci￿ proiecls Corning lo an end and the
fij[￿erConf1M1tng that no future liability exists. During 2021122, a total SLtm of £487,683 {2021.. £404.3551 was released
from Restiicted ReseNes to General Reserves.
29 Financial Instrurngnts
The financial instruments may b6 analysed as follows..
2022
2021
Financlal Assets
Finan￿1 assets measured at histori￿1 cost
Trade T￿1vableS
Other receivables
Cash and cash
339,913
4,288,264
692
185.289
1,931.415
uivalents
Totsl flnan¢kl assets
8.212.869
4.813.395
2022
2021
Flnttncial Llabllltits
Finanaal liabilitiès measured at amortised cost
Loans p8yable
349,224
419.191
Flnancial li8kn'1if(e$ measured at histori￿1 cost
Trade creditors
Other credito¥s
587,808
5.093 160
399,939
1.353 741
Totsl financlal Ilablllties at hlstorlc eost
4680,968
1.753,680
Total financral liabllltles
6,030.192
2.1n.871
43

Notes Formlng Part of the Financlal Statements for the year ended 31•t March 20221continued
Net Fund Reconclllatlon
30
1 April
2021 Ca8lfflows
31 March 2022
Cash al Bank 8nd in Hand
Bank Loans
2,696.694
(419.191)
887,998
69.967
3.584.692
{349.224)
TOTAL
2,277.503
957.￿5
3 235 468
31
Glft of Assets and Liabllltios
Gift of As8els and liabillfje8 in 2021122 was rAI. BHT Suss6x ¢omplel8d the transfer in of Sussex Oakleaf on 1¥t
April 2020.
The t￿SInesS transfer into BHT Sussex has been I￿ated as a gift of assets and liabilili88 for nil (x>nSideralrC￿ as a net laii
value of £665.735.
On 1￿ Apnl 2020. BHT Sussex transferred in thè assets and liabilities of Sussex Oakleaf 81 nil
considèration. The book value of the assèts and liabililies Ir8nsfeired is equal lo the fair value as
shown below-
Fair
value
2021
ed Assa
Tangible 8ssets- Housing Properti&s
T8ngiNe 88sets- Fixtures. Fitlrng and IT equlpment
347
29
cu￿ant Asse
Cash al Bank and In Hand
Debtors
272
244
Totsl ass•ts
892
Credito
Due within one yÈaT
Due after orte year
(159)
{87)
Total Glft of Assets & LiablllU¥ts on trdnsfer Into BHT Sussex- Net As¥ets
666
Cash and ￿$h equiv8lents infiows from tsJsin&ss transfer
272