Charlty regl$tratlon numb•r 285337 Company wlstraflon numb8r 01648903 IEngland and Walès) CHICHESTER DIOCESANASSOCJATION FOR FAWLY SUPPORT WORK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK LEGAL AND ADMINISTRATIVE INFORMATION Prn¥id•nt The Lord Bishop of Chthe$tei. Rl Re¥/d Dr Martin Wam8r MA PhD Tru$tso$ MTS A Heath- Chairman Mr P Baker- Hon Traasurer KITS S D Phillips Mrs L Lynn Or T Fooks- ChaiM￿n Dr J Baah Mrs G Siggs RwDJKing (Appimnled 30 November 2023) (Appointed 30 November 2L123} S8cr&tary Mr M T Auton•Uoyd Charfty numbor 285337 ompany numb•r 01648903 Prln¢lp•l •ddres$ Garton HOL￿& 22 SlanfordAvenue Brighton 8N16AA Reglstered offlce Garton House 22 Stanford Avenue Brighton BN16AA Auditor SumerAudiE Amela House CreS￿nt Road Worthing West Sussex BN11 1RL Bankgrn Barclays Bank PLC PO Box 2915 Brighton East Sussax BN1 1SJ Sollcitors Dean LLP Ridgeland House 165 Dyke Road Brighton East Sussex BN3 1TL CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK CONTENTS Twstees. report stalemenl of trusl885' responsibilities Independent aLKlitorfs report 9- 11 ststgment of financAal adivities Balance 6heel 14 Statement of I￿Sh flows 15 Notes to thè fin8rri81 ststements 16-32 CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslee$, who are also directors of the (*atity for the purposes of the Companigs Act 20C6, present their ort with the financial statements of the charity for the perfod Ènd8d 31 March 2024. The financial statements have been wepared in acc4Jr(lawe wth the awunling policie$ sel OLJI in not8 1 to thè financial statements 8nd comply with the association'5 governing I￿ument, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Rewmmended PradKe applicable to charitie5 preparing th8ir accounts in accordance wilh the Finanaa Reporling Standard appkabk in the UK and Republic of Ireland IFRS 1021 (effe¢ts've 1 January 20191.. Objectlves and activities The Memorandum ofAsso¢iation sets out our objecfjves forthe pulAi¢ t*ngfiL"_ lo support families, indMduaLs and groups within the o)mrnunty who ate in need by reason of financial hardship, iu heatth. disabilty or stress I'Family Support VVork'}. pi lo promote the rel￿f and (are of ¢hildren in need. to advance Christianity by fami￿ support work and the **lf8ie ofthe community. The Principal actiwty of the Assoaation is to support families across the Chithester DI0￿￿e who are struggling. This 15 carried out by a tèam of prol8ssionally qualrfied Family supp￿ Prxtitioners fFSPs"l {SocAal Workers, Health Visil0r5. Earty Holp Woth¢rs and Teachers) who offer intensNe sipwi to the famity. erther as a whole or as individuals. 131 The aim of the support is to enabl8 lh8 famity to ovarcxNn& the chaI￿ng8s th￿ farkn so thal th8y b8comè strongèr both as indiwdu81s and as a family unit, h&l￿n9 them to beo)me less cha0￿. As the family an¢J the indiwdyals start lo contribute to their local cornmunty in a posthve and proactive way, Ihe b&nefil of our service5 starts lo impact on the public purse by re. O-S years 6-lJyews 12-15Ye 16- 18Yews Aoeof C1)Ildren'.4'È Wc¢k'.¥th 2D21123 IiloeofCh"Idra) Wcrt Wth2Q231?4 The ￿ferraIS that we re￿1ve come from a wide range of sources induding s¢hools and their SEN Coordinators, social preScri￿r$. GPS, Health Visitors, Soaal SeNce teams in brjth Easl and Sussex and the Clly of Brighlgn and Hove, other ¢ommunity groups and ¢hurth¢s 4ong witti selkreferral from familiès. CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Issues fa¢ing famS1ies To idenb.fy the broad he8dings of issues faang our famllies we hav8 [￿or¢Jod the amount of lime each FSP spends workin9 on speafic issues. The breakdown is as folows". Issues Our Families Are Facing 35 27X dkx ifr 14% 15:_ 13% 5% R&aIaonshi￿ r%leThr rn&ters heath Fb¢Lftp Parentr 01) rn￿r￿s h the Comparable figures for the last year induded abov8 w8 can see hcyw the needs that families are fa¢ing are changing. The large increase in the neèd for support lor 8ducatk)nal matlers inclLhJes the need lo support families as they are processed IhTough the system. Tho key dgmgnt of this work is to ensure the correct level of support lor the child is put in place. Vve are finding thal the support we gNe in this area is increasing auoss a widè rangé of lamilies and across all income brackets, not just on families with hardship needs. The long waiting 1151s lor stalutory services to be able to assess and Supp￿ thildren ¥￿th educational hélp piBns are th8 driver behind this in¢rease in our workload. There are $mall irt¢reas@s in work around relationship issue5 and menlal health issues. but wrth rnany of our familie$ being ongoing casès tha speed of growth ha5 slowed in tt*se areas. This reflects some of the improvements we made with thg long-term familie5 over the previous year. The impact thal we make year on year with the familie5 we support with CoMp￿X needs reinfO￿S the need for the long4erm holistic nature of the woTrrk we undertake. In S￿re inStan￿S. thère is little change but slabikty, wthh is essential for the wellbeing ol children. The decline in bolh financial and housing issu¢s rellects the impa¢t ol ￿ lOn￿terM 5UPPOrt. Wrth focuseij help on budgeting the families better manage their finances. Support with practical help. in the guise of food bank deliverios. free activities and access to support funds help in the short term. UltImale￿ the impact in thig area is to onabb families to better manage on their own. It has Proven hard to ￿Ing pressure on kandlords lo make the requwgd improvements lo substandard properties that some of our larni1￿ are forced lo ￿ve in. Outcomes FSW us8s th8 Family Star system to monitor the outcomes famity by farnily of our work. During the last year, w• have seen significant inuease in the a￿lity of parents to cope wrth the issues they face. The two areas which have shown the biggest positive change for our f8milEs are parental wellbeuig and familios becoming ¢¢onomi¢ally stable. This strengthening of paren15 leads to a stroTrJer famity that L*comes morg resilient and able Its Gope with the challenges they f￿. As the family star measures improvem2nts and dedines in the acfions ol the families, we a￿ not ctrvèrty conL%m8d by the reduction in the percenlgje of familie5 k￿Pirng their children safe. Thi5 figure started at 8 higher level ol ¢hibJ safety in April 23 than we did in April 22 so the decline in this area refflects the higher stsndafd. CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Outcome star Changes 2023124 iamyl* keep'.w tlieir chi￿[el srle f£nilRs inwoviTr£ th￿[ rÉtK'crt nil& b&oithng e£cmomtal¥ Sl&e FEr￿tSc￿nE ¥J¢h pFw';ca'.h8adi O.COa IG.CG¥t20.-￿3O.C￿40.cv% 50.&DI6Q.004f.D&YIS0.1£.-' Qutcoine520•31?". O¥v&Ourccthes2G2J23 Rising n¢•d The wailing lists that FSW holds arg growing. though we can rKJmalty move famil*s on lo the relevanl Practitioner's caseload within four lo fve months. During Ihe period of waiting, we maintain contact with the families. The waiting list cvntact is maintained not only to ensure that they ar8 still in n8ed ol our support, but lo enable FSW to signpost lo olher organisations shoukl thè lamity's situatK5n dateriorale before we can offer direct support, Volunteeys In the suMrn￿ of 2023 FSW appcmnted Iwo staff members as Voluntè8r and Community Engagemant Officers.. one fof Eayl Sussex and one for Wèst Suss8x. During thè lyné Ihey h3v8 bÉèn in pftrst they have reviewed the volunteer handbook, recrurtrvenl ptQC955 and training Flan This strgngthening of the w￿k pnables FSW lo recruit more volunteer5 as a means of inThsing capaThty. have seen an up lake in volunteer activities in both counties Vlith an addil'onal 45 volunteer5 in post now. A5 we rnove fofward this team will work with the CEO and Director of Fundiai5ing to increase our suppcKt in am areas of the local communbty where we work. staff tralnlng During the year all the practitioners have undergone safeguarding Irainirs, in the fom) of 10frgsh&i courses. They all took part in the folowing training= Yada. & Esther projeca p￿ven￿n9 sexual exploitation.. Pop up parenting., Harnrful Sexual Behaviours., Anli Bu1￿1ng.. Christians A9ainsl Poveriy,. Food & Hygiene., Safeguarding Children refresher, and Adults at Risk refresher. The Iruslees undertook the NSPCC Safeguarding Your Organisation trainM)g i) Marth 2024. Fundral$lng In the last twpfve months we have seen our iwwe gr(w in several key areas of fUndr￿sing. AJI our vdunlary In¢omo saw increases. bul we note that there wefe Iwo exceptional amounts of income this y6ar- th8 grant from the Bell Hostel Tru51 as they c105ed and an individual who donated £114,000 for work in a sp8cffic gèographical area. This latter income will be recognised in future finan￿81 periods. in fjne with required a¢¢ounling slandar¢l5. Even with the exceptional income items removed, the results from a smau but highly professional and d&dicated fundraising team show remarf(able resulls in the curreni dimate. Th¢ trading income fr(Trrn the shop has grown by 9.5% ov9r thg year but this growth was offset by the in¢rea$e in utilwty and salary increases refielaing the u)st-of-IMng cllsis. During the year we employed a digital marketing appren11￿ to increase our on4ne presen(x and to help FSW reach new audiences. To maintain the growth in income we need to sustain the current wOr￿Oad and strengthen our 18am to ansurè that we meet the ev8r-rising demand. CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Historfc activltles The trustees are aware of the as5O￿atiOn,$ historic wort in the field of adoption. then w8 recewe information reque5t$, we support the families of Ihese chiklren as bèst we can. The only help we can give is how lo a￿a$s the correct s9rvi￿S lor Ihè relevant records as thg assoath'on was req￿red to deposit all re¢ords relating lo this workwith the East Sussèx County Council adoption team in 1985 when we ceased the work. Flnancial revl•w The finan￿$ of FSW appear Eo be tw(*ing th6 trend of other comparat48 tharit￿S at this lime. We are mindful that we have had tt¥o excéptional pieces of irwme but wrth those removed. our year-on-year income was down by £32.672 on 2022123. recognise that this is unusual in the curreryl dimate, and whilst wè have healthy restricted funds to cary our work f0Th4ard. we arè monrtoring trends c105ety lo ensu￿ that Ihe Iruslees do not become ¢omplacenl. This healthy position means that we Gan confimi that ihe tharty is both liquid and 501vent and consideied a going concam with liquid assets of £621,8S2. The plannèd deficit was tumed into a surplus for Ihe yÈ8r ixrt again we ￿e fTMndful Ihal in the ujrrent climate this is unlikèly to ￿ repealed in 2024r25. It is far likdy thal some of the restricted funds will b8 depleted next year. The ongoing vdatility of the finan(ial markels resujted in a reductKtrn in v8hJ6 of our Charifund holding, but this is expected lo retum to its 2021122 value over the year ahead. We have planned lor a small defiut budget again in 2024r25 as we have reslrKAed funds aval￿ble lo fully support 7 of our current projects. The resÈrvÈs indLhJe the freehold of Garton House which wa5 revalued during tho year. W)ilst the investment elern&nt saw an inuease in w4lue the offic*s, the asset for own use saw no IncTpa$9. Overall. the property increasod in value by £50.000. This rè118Cts Ihe increase in re￿dentIal FWWtie5 in Brigmtsn and Hrjve whilst at the ￿me time demon5tr8les the flal rnarket for office space. Tha Irustg6s of Ihe Bell H05tel Trust transferred their hoK1ings lo FSW in December 2024. with lh& followSng r8$0￿tIOn.. The fNstees ol the Bèll Hostèl Trust resolve to y￿nd up th& Trust and tsansf&r the fvnds to th& Chi¢hes£er D￿Cesa￿ Assouètffon for Fanwly Stspport Woth for them lo ￿ld tL) fund Ihe wortr ca￿ed out by th& Assocftation in lh& Deanery of Eastboumo. The Trustees of CDAFSW. al their disc￿￿0￿ may drnw on the Gapitsl to support thè viork in Eastboume 06anery. should the income from the investmenl fail lo support the ongoing work. CDAFSW undertook in 2022 10 invèst the funds in Ihè property fund Garton House and to us& Iwenly percent of tho nel rents ￿ceIvert fron Ihe 1181$ in Garton House for thè w￿k in Eastboume. Rgsgrv9s poII¢y The associalion aims to hold six months. running costs a5 its reserve fjjnd, is ujrrentty £570k12023.' £499kl. Total reserves were £1.803,713 12023". £1.784.709). split as £503,267 restricted funds 12023: £317,939) and £1.300.446 Un￿strICted fund$12023'. £1.466.7701. Of the unrestricted funds, £1,098.514 {2023.. £1,265.5151 onty be rEalised by disposing of fijnctional frxeLI a$$els, which are essentkil to providing the assoBialion's obje(Aive5. The amount of free ￿SerVeS the d)anty holds after takirMJ aco)unt restri(aed and designated funds and lunctional fixed assets are £2L11,93212023.. £191,187). other polici The policies of the assoaation ar8 revI￿ed every two years ex¢ept for th& S8fègu8rdhig Policy, which is reviewed internally on an annual basis and is inspected by an extemal in(Ivi(lJal or org8nis81i(x) evèry two years. Training in all key areas is cairi$d out on rs¢ruilmenl of a staff membor (x v(knnteer and al svitable intsrv81s thereafter. CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Risk managèment The main risk to th8 a5so(¥ation, as all voluntary furKled organisatio￿5 IS. the loss of lTr￿Me. To mitl9ate this. the Board continues to seek new income streams and devdop nèw strong partnerships with olhei organisalions to support our work. The CEO continues tr> monitor the incorne and spending 8loNJ with the Treasurer. A Financial Sub Committee ol the Boar(18dds an additional Lgyer of scrutiny lo the financial operations of the Association. Carefvl n)oniloring of the pro¢e$s is maintained to ensure CLYnpban￿. Working with famili8s has in itself a range of dsks. The safeguarding p(li￿S of Ihe a$so(yation waro subject lo an external examination and minor amendments were mada. The Safeguarding Committee rèvièw th8 policies on a regular basis and make recommendations lo the Board. Repulab"onal Risk. As with any seNice such as that of the asswalh)n. Ihere is always a risk of reputational damage. We maintain a strong elhos of tiaining for staff worknng difectly with tsmilies lo ensure that they are working in linÈ with current legislation arKI the relevant professiond standards body s besl practice guidance. over-subs￿lpti0n to our Se￿￿e8 is a further ieputational njsk. The 8ssoL¥atwJn has thays been iècognised as r61iable service, however the new r￿d f¢y waiting lists couhl hampw thi& The Director of Services is monitoring this dosely. and we will look in the corning year how we can increase Capacity without diluting the professional senllce. Future plan The future plans of the assoaation are under dis¢Ltssion (Jjrrenty. The a5501ialion is working on a new fve-year vision that will enable us to increase capaaly. The pl8ns wdl be drawn wlh input from Ihe famlliès Icurr8nt and pasll. staff, volunteers, and trustees as well as lislgning lo partneTS aboul what they see 8$ the needs families have th* are not mat by current statutory arKI voluntsry sector prowsion. Structure, yovemanu and management The association is a company lirniled by guarantee. registered in England and govemed by its Memorandum and Articles ofAssocAalion. The MemorarKlum and At1idès ofAssocAations were amended on the 16th of July 2015. These came into effect al 2015 AGM on thè 3rd of October 2015. Company number 1848903 Charity number 285337 The twslees. arg alsg the directors lor the purpose ofuJmpany18w, an¢J who Sewed durtng the year 8nd up lo the date of signature ofthe financial statements were.. Mrs A Heath- Chaim)an Mr P Baker- Hon Treasurer Mrs S D Phillips Rév P R S8aman Mrs L Lynn Rev A G Birks Ms A Daguerrè Dr TF0oks-v￿ Chairman Mrs C F Lucas Dr J 8aah Mrs G Stggs Rev D J lfjng (Resigned 30 November 20231 (Resigned 30 November 20231 (Resig1￿1 30 November 20231 (Resigned 12 April 20241 (Appointed 30 November 20231 (Apw"nted 30 No¥emFRr 20231 The dirÈdors ol thè charitablè company ale also the trustees of the chaiity and are d6Si9natèd Iha Board of Trustee5" The Ghairman is nominated by the Right Reverend the Lord B￿hOp of Chichester. th9 ChK*esler Diocesan Fund and Board of Finan￿ Iln¢orporated) nominates one trust* and a further elghl are olecled by the Board of Trustees and ralrfitrd by th# members of th8 Assoaation wesentat the AGM. The Board ofTrustees delegates the day-to-day managemenl ofthe chatity to the CEO, Mr M T Aulon-Lloyd. CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORTWORK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investment policy The IrustÈes a￿ aware of their IDng-18m re5w8ib￿￿eS lo maxmise nicome forthe trAnefft ofthe assoda1knn'8 workwllh familias. whllst proleialng the valuè of the ￿pItal for the bng-terni luture of th& assoclation. and without taking undue rfsks. Tho trustees opetate an èthKal investw)t polkw, whKh li Ilne with the Dloce59 c*f Chichester conslders the guidance ol the ChLbrch of Ert￿and's EU)ical Investm8ntAthiS0ry Group (ENGI, unless IherB are èxceptlon81 reasons for not so doing. Th8 ethbcal inve8knent pofi¢i8s Tecomm8nded by th8 EIAG are the bashs for A distlncty Chrislian approach to Investment. Therèfore, the tmstees, in line with the guidance. have agreed that fimds shO￿d not be investèd In companles whose major activlty or locus (definwj as TN)re than 1￿ of thew goup revenue) is rn the alcohol. gambling. animal tesllng. tobacctt. pomography. human 8mbryonlc doning, hyh interest rale IEndlng, mllitary supplies, and the salè of Thondmlrlary fra- ￿rn5 indust￿. The trustses de￿gatéd the day to day managèment oftheii In￿Stment pobcy to a Flnancg Sub Committee that rec*e8 a Lvoad rnnge of nve8lmenl from their appointed investm¢nt managers. Recrultment of trustee8 The chalmpn of the as50datlon holds a 8kN regi3tw forth? Board otT[￿ee5 and vknèn vacarw 8rlse entlal capdldatés are recruited lo fill the gaps in the base. Truste8 vacancies arè publiGaty advortlsed both locally and nation￿lY when they arise, as well as Ihe use of k)cal and nalitsnal networks and are Intervi￿ed prior to being nominated. The board recogni8es ihal in the tsjming year thewskill base need5 increasing th the arpas of lundraisk)g and prof&ssb)nal around supporting fami¥8s. Trusts8 hrtduetlon The inductiorb of new tnjstees stsrts wfth the altendantA at a board nwèting prfjorto thelr appo5ntmerrtto the board. Oncè appointsd the newtNstaa is gNen ihè Charity Comry¥5SKJn'i guidance ICC3a) and indmdual meetings are arranged with the CEO and olher kgy to grve brfeffing to thB tnt5tee the 0¥8r811 work Df th& association and any areas of direct intsrest or responsibiftty as fequwgd. F0kn¥￿ on from megtlngs, any SFeGrfK Irainlng or lurthÈr briefings that are identified organised. Voluntsers The assodalion ha3 three ktry sets ol ¥olunteeTS. Firstly. 176 peO￿e volunteer as ￿be[S ofthe Deanery Support Committees. We ajso have 67 vduntegrs who wort soloty on Supporting families through dlr8d work supporfng thg Praetilloner¥ and Playivork Team. In the F8mity Contact C8ntre in Eastboume, we currently have 11 volunteers. We also have nine volunteers wtho support the aasocAation by worklng in th¢ shop. In order to grow the valunteer leam and ensure they are w811 supported, th• as50(xaloTrwil to recrutt volunteer (yJordlnato￿ for both East and We81 Su&8ex In the next financ?￿1 year. Settlng pay S8lari85 for key senlor Staff ar• sel in nne with equivabnt Tolgswllhii the s￿la7 S8rvus Departmènt ol East Sussex County Ccwmcd. Currenlty salartes are rev￿ by a Board Sub Commllee br HR who make recorr¥nendalvJns to tha board. Auditor In accordance w￿h th& compan￿9 articles, a re¥o14rt1on proposing that SurrwAudit ￿ reappoirrtod as audltor of the company will b8 put at a General Meellng. Th& INst9es' Teport Was ppprovod by Ihe Board ofTwstees. Mr8 A Heath- Chalman Trustee Dated., Mr P Baker- Hon Troasurèr Trust i ul.-!.J.i. Ib.X-I CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK STATEMENT OF TRUSTEES, RESPONSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 The Itusteès. who are also thg directors of Chichèster Diocesan Association for Family Support Work for the purpoge of company law. a￿ reSponsi￿e for prèparing th& Trusiees. R6POrt and finanual statements in 3¢cordance with applicable law and United lQngdom A¢countt"ng Slandards (United Kingdom Generalty Acceplod Accourrting Practice). Cornp8ny Law require5 the trusleos to prepare fironcial st8tÈmÈnts for financial year which gwe a true and fair view of tha state of affair5 of the asS￿a1.0n and of the in¢omll)g ro$ou￿S and applieAtM)n of resource5. including Ihtr income and expenditure. of thè tharitable company for that year. In preparing these financi￿ statements. the trust￿S are required to= - select suits￿9 accounting poli¢x5 and thèn appty th8m consi5tentty,' - observe the method$ and princ4ples in the Charibgs SORP". - make judgements and éstimat8S that are ieasonable and prudent- stalè whether applicable UK Accounting Stsnd8rds have b8en fokni&l, subjoct to any malerial d6partur8s disdosod and explained in the finanaal statements". and prepare the finanty31 st8tgmfjnts on the going Concèm ba*s unless il is napwopriatg lo presume that the assorAation will continue in operation. The Iruslees are responsible for keeping adequalg a¢¢ounting records that disck)se with reasonablè accuracy al any lime the financial position of the assorAation and enable them to ensure that the finanryal stslemenls comrAy with the Companiès A¢t 2006. They are also responsible foi safeguardiNJ t1￿ assets of the associalk)n and hon for taking rgasDnable steps for Ihe preventit)n and det8thon ol fraud aryj other Irregularit￿$. CHICHESTER DIOCESAN ASSOCIATION FOR FAMILYSUPPORT WORK INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK Opinion Wè have audited ihe finaniial ststements of Chithsler DK>cesan K%s(Ku*ion for Family Support Wor* Ith6 'a5socialion'l for the year ended 31 M8rd) 2024 wh#th comprise the slalemttnt of fmancial activities. the balance sheol, the statement of cash flows and notes lo the finanoal statements, including ￿gnifICant accounting PLTrlicies. The financial reporting framework that has been appl￿ in Ihgir preparat¢on 1$ 3pplirAbl8 law and United Kingdom Accounting Standards, induding FinancAal Reporting Standard 102 The FinanGi& Reporttng Standard applicabl& in the UK and Republic tsf lftpland {United ￿ngdorn GeneraltyAc£eplen fotms part of ouraudilorfs report. other matt•rs Thg finan¢ial stslemenls of Ch￿h&Ster Diocesan Assoaation for Famity ￿p￿trrt for the ye81 ended 31 M8r¢h 2023 were unaudlleil. Use of our report This report 15 made solgly tts the ¢haiity's t￿ste¢S. a$ 3 boty, in accordance with part 4 of Ihe Charities (Aceounls and Reports) Regula￿.￿n$ 2(W. OLJr audit work has been Undèrtak￿ so Ihalwe might slate lo the charills Iruslees those matters we are rèquirÉd to statè to them in an auditof s report aTrJ for no other purpose. To the lullest extent permitted by law, wo do not a¢c9Pt or asstjme rgSFTrgnsibilty to anyone Olher than the charty and the charr¢Ys Iru3tee8 as a boKty. fot our audll work. for this rgport. or for the opinions ￿ have forrned. Robln Evans BA FCA CTA Isenlor Ststutory Audltorl for and on bghalf of Sumor Audit Chart•r8d Accountanis Statutory Auditor Worthlng Surn•r Audlt 1$ the tradlny name ¢lSumorAuditco Limtted 11 CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•stricted Restrlcted funds funds 2024 2024 Totsl Unrestricted funds 21Y23 Restricted funds 2023 Total 2024 2C123 Notes Inco Donalions andlggaoes Charil8blÈ activities Olhei trading activitie5 Investm￿lS 278,867 495.757 173,$03 774,624 173,503 86.498 74,993 324,11XJ 322.773 144,721 646,873 144,721 80,784 69,404 86,498 74,993 80.764 Totsl In¢ome 440,358 669.260 1.109,618 474.268 467,494 941,762 nditur• on: RAising lunds Fundraising and publicity Tiading costs 115,931 73,493 115,931 73,493 98,394 89,C61 98,394 69,061 189,424 189,424 167.455 167,455 Charilab e activities Deanery workers Playwork Gart1￿ House 197.515 711.028 11.962 9)8.543 152,854 11,962 28.362 646,791 18,856 799,645 18,856 14.000 28,362 14,CO) Total charitsble expendltur• 225.877 722.99) 948.867 186.854 665,847 832,501 Total resource8 expended 415.301 722.990 1.138.291 334,309 665.647 999.956 Nel gain￿O08$e5) on investments 12 47.677 47.677 123,4391 123.4391 N•t incominglloutgolnyl resources before transfers Gross transfers betrmeen fvnds 72.734 153,730> 19,Ot 116,520 {198,153} 181,6331 1239.058) 239.058 (189,3391 189,339 Net movement in funds 1166.3241 185.328 19.IKM 172.819) {8,8141 181,6331 Fund balance5 al 1 April 2023 1.466.770 317.939 1,784.7CKJ 1.539.589 326,753 1,886,342 Fund b4lan¢#ts at 31 March 2024 1.3(I).446 503267 1.803.713 1.466.770 317,939 1,784,709 The statement of financial activities indudes all gains and lo&%es recognised in the year. 12- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 The statement of finanoial aCt￿ltieS indudes all gains and lossès r8rA)gnised ui the year. All income and expendrture derive from contruing activities. The 5ts1ement of financial aCtIv￿e8 also ￿mrA1És wrth Ihe r8quir8mants ts an in(#)mo and expetxliture account under the Companies Act 2C{￿. 13- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK BALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 Noles Flxod assets Tangibla assets Investm8nt properties lllvestmenls 14 294,133 1.020, 514,057 295,515 970,000 365,690 18 1.828,1 1,631,205 Current as¥éts D?blors Cash at bank and In hand 17 23,627 107.805 5,649 170.094 131.432 175.743 rodltors: amounts lalllng due withln ono year 18 {155.9￿) 122,2391 Npt (Ilabillts$l1oSS6ts (24.4771 153,504 Total assets 1988 ¢urrent Ilablllti 7￿03.713 1,784,709 Income funds Rgstrlcled funds Unr85 d funds Designated funds. General unrestricted funds 19 503267 317.939 1,3CQ,OLKI 1.275y3 191,187 1.30).446 1,466,770 1.803.713 1,784,709 The finaDiyal stat￿ents were approvèd by th6 Trustses on .... . .. . . Mrs A Heath- Chairman Trusto• Mr P Baker- Hon Tieasurer Company Reglstratlon No. 01648903 14- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILYSUPPORT WORK STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from opfrrating actlvitigs Cash generated frO￿￿13bsOrbad by) operations 15.510 {115,0651 Inve$tlng actlvitiO8 Purchase of tangible fixed 8$sets Purchase of invgslments Pioceeds from disposal of investments InVestM￿t income received 12,1021 {189.8121 39.122 74.993 {8.594) 69.404 Not cash lused inVgenerat¢d Irom Invèsting activities 177,7991 60,810 Not ¢a$h us•d In flnanclng activitie$ Ngt do¢rea8è In ea8h and cash equivalents (62.2891 154.255) Cash and cash equivalenls at beginning of year 170.094 224,349 Cash and cash equivalgnts at •nd of yaar 107.805 170.1)94 15- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORTWORK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2024 Aceounting poli¢i8s Charlty InfOrn￿tIon Chichestgr Diocesan Association for Famity SupFth Work is a privale company limited by gLJ8rante incorporated in EngLqnd and Walès. The registered office is Garton House. 22 Stanford Avenue, Brighton, BN16A 1.1 Accounting eonv•ntlon The finanaal slalemènts have been p￿pared in a￿rdance with ts assoaatiDn's goveming document, the Companies Ad 2￿)6 and "Ac¢oun￿.ng and Reportirtrg by Charitss.. Statement of Recomménd8d Practi applicabte to charities preparing their acuunt5 in accordance wrth the Financial Reporting Standard applicable in the UK and Rèpublic of IrelaThJ IFRS 1021 leffecti¥e 1 J8nttary 2019) The association is a Publi¢ 8enefit Entty as dèfinad by FRS 102. The financial statemen15 are prepared in sterling. which is the functional currency of the association. mc￿etsry 8mounls in these financial ststements are rounded to Iho nearest £1. The financial statements have been prepar8d under Ihe hist￿(￿ cost ¢c￿VentiOn, modffied lo incjudg Ihe revaluation of freehold properties 8fKI to Include investment propertiès and c8rtain financyal insliumenls at lalr value. The prinapal ac£ounting policies adopted are set out below. 1.2 Gdng Goneèm Thè financial slalements have been prepared on a g¢yng con(wn basis. The tfU5tees have considerad rel8vant information. indudin9 the annu￿ budgel and the imp￿* ol subsequent events in making their assessment. Based on these assessm¢nts and haviNg regard to the resouri%s avadablè to thè entity, th8 Imsl88s have CO￿l￿ded that there is no maltrrial Un￿rtaInty in relation to the appropri8tèn8ss of continuing to adopt the going concem basis in preparing the annual report and aczounts. 1.3 Ch4rit4blo funds Unrestricted fttnds are availab￿ for us8 at Ihe di$￿e￿On of the trustees in furtheran￿ of their charitable objectives. Designated fuNd5 comprise ftjnds which have been set aspje at the discfetion of the trustees for specific purposes. The purpose5 and uses of the designated ftjnds are sel Dut in the notes to the financial s(alemÉnls. Restricted fvnds are subjèct to specific condthons by donors or granlcrfs a5 to how Ih8y may b8 used. The purposes and use$ of thè restiicted funds are set out in th& notes lo th8 financial stal8m8nts. 1.4 In¢¢m* In¢om9 IS Trcognised when the assoaation is legally entitled lo tt after any Ferfomiance conditions have been mel, the atnounls Can be measured rdiabty. and it is probable that income wll be received. Income from government and other gr8nls, whether 'Capit￿. grants or,￿venUe, gwnts, is re¢ognised when the Gharily has enliuemenl lo the funds, 8ny ￿rtOm￿nc9 condibons attaclkd to the yranl$ have been mel, il Is probable that the ino)me will be receNed and 1he amount measured rd1•￿ 8nd 18 not deferred. Cash donations are recfjgnised on reeAipt. Other d￿ationS are re¢￿￿nI￿1 on¢e the 8ssocialion has been notified of the donation. unless performance condth(ms require defe￿81 of the amount. Income lax recoverable in relation to donations received under Grft Aid are iecognised al the time of the donation. Dgnated goods are recognised when the Ttem is sold. 16- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢counting ptsllcl•s {Continuedl LegacAes #re recognised on receipt or otherwise rf the asswatson has been notffied of an impèndlng dislribub'on, the amount is known, and r￿lpt is èxpÈ(Aed. Ifth& anvJunt is not knNYn. the legacy is treated as contingent asset. Interest on funds held on deposit is recogni5ed when rg¢eivable and the arntrunt Can be measurod reliably. 1.5 Expenditurè Expenditure is recognised oncè there is a 18gal or constnjctwe obligation lo transfer economic benefit to a third paty, il is probable that 8 transfw of 8o)nomic benefits wll be required in sellkment. and Ihe amount of the obligation can be measured reliakAy. Expendrture is classified by actmiy. The costs of acthvty are made up of total of dirg¢t ¢osls and shareil costs, inoluding support costs invdvÈd in und8rtaking each activty. Direct costs attTibLrtable ID a single activity are alk)¢3led directly to that activÈly. Sharod ctssts which contribute lo more than one activity and support cos15 which ar8 not attnbut8ble to a single activity are apportio￿d between Ihose a¢lIv￿￿S on a basis consistent wth th8 use of resources. Central staff costs are alocated on the basis of time spent, and depreGalion charges are albo£xted on the portion of thè assèt's us Govèmance costs indude costs incurred to support governance and legal and profe88ion81 fegs. The bases on which support costs hav8 alL￿ted are set out in note 9. 1.6 Tangiblo fixod assets Tangible fixed assets are initlally mèasur8d al ujst and SubSeqL￿1￿ measurad at cost or valuation, net of depreaation and any impairrnent Ioss8S. Fraèhold properties are subsequently carriod at a rewalued amount b￿ng Ihe fair value al the dale of valuation less any subsequent acajmulaled depreuation and $ubse(wenl arxUMu￿ted impairrnenl losses. Ravaluations are made with suffirienl wuLqrity lo ensure that the Ca￿Ing amount does not drffer materially from that which would be determined using fair value at thé end tsl the reporting peiv)d. The Garrying value of freehold properties that would have been recognised had the assets been carried under th8 Cost model would b8 £n￿ 12023 - £nil}. Freehold properties are not depreciated in the financial stat&m8nts as it is the asSociat￿n'S policy to maintain these a5se15 in a continual state of sO￿d repair. Tho usglul e¢onomical life of Garton House is so long and the residual value so high that any depreuatI￿ would not b8 Trwterial. Depre<#ation rs r¢cognised so as to write off fhe cost or valuation ofassots their restijual values over Iholr useful lives on the following bases.. Freehold land and buildings Fixtures and fittings Office equipment & ¢omrHrt8rs Motor vehides Not depreaated 25¥k difflinishing ba￿ncE basis 33.33% straight line bas 25% Straight line basis Th8 gain or loss arising on the disposa of an asset is deternined a8 Ihe dtfference be￿een the sale proceeds and the carying value of Ihe asset, and is recognised in the statemenl of financ4al actiwb'es. 1.7 Invgstsnènt pro￿rtI Investment property. which is propÈrty hekl to eam ￿ntaI$ aThVor fthy ¢>pilal appteLyation, is initially r8cognis8d al cost, which includes the purthase cost and any directy 3ttributaLle expenditure. Subsequently it is mèasured at lair value at the reporting end date. The Surplus or defirAI on revaluation is re¢ognised in profrt or loss. 17- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR EhlDED 31 MARCH 2024 Accountlng policios IContinu•dl 1.8 Flxed a5S•t investm8nts Fixed asset inveslrnenls are inilialty msasured al transadion prrk exdudiry transaction costs. and arè subsequently M&asu￿d al fair value al ead) reporting date. Changes in fail ￿u¢ are recognised in nel incomellèxpèndiiure) for the year. Transa¢ts"on costs are expensed as incurred. 1.9 Impalmwnt of fixed awts At each reporting end date. th8 association rewews the ¢atrying amounts of its tawible assets lo delemlne whether Ihere is 8ny indicatKJn that those assets have suffered w impairmenl loss. If any such indication exists, the recoveratAe amDunt of the asset is estimated in ordèr lo (*lertnine the exlent of the impaimenl ioss lif any). 1.10 Cash and cash equivalènts Gash arKI cash equIva￿nts iTrJude cash in hand: deposits hebd at (211 wilh bank5. Other short-leTm liquid investments with original malurilies of three months or less, and bank ovtrtdrafts. Bank overdrafts are shown within borrowings in current liabiliti'v& 1.11 Flnancial instruments The assoc¢ation has dected to appty the provisions of Section 11 'Basic Finanaal Instruments. and Section 12 'Other Finanaal Instruments l$$ues' of FRS 102 to al of its finan¢ial instrument* FinancAal inslrurnenls 8re iecognised in th¢ assouat*Jn's b￿ance sheet w￿n the association ￿COmeS party to the contractual Provisions of the inslwment. Finanual assets and babi1[t￿$ are offset. wth th8 nèt amounts presented in the finarKial slalemenls. when there is a legally enforceable right lo Sel off ths rgGognised amounts and there is an intention to s8tt18 on a nel basis or lo realise the asset and settle Ihe liabiltty simuhaneousty. 84$i¢ finan¢lal assots Basic fmancial asset5, which in(4udg deblors and cash and bank balan￿s. are initialty measured at transaction pri￿ induding transaction costs and are subsequently carried at amortised cost using the effeCt￿e interest method unless the arrangement constitutès a fir￿￿ng trnnsaction, wherè thè tranS￿tion is measured at the present value of the fvlure re(*ipts dI￿Unt•d at a rnark8l ratè of intèr8st. Financial assèts classified as receivable within one year are nol amorb"sed. Basle finaftclal Ilabillli•s Basic financial liabiliti'es. induding creditors and bank IDan$ are inth'alty rec4ni5ed al transaction price unless Ihe arrangement constitutes a financing transaction. where the debt nstDJm8nl is measured al the present value of the futurè paymènts discountad al a market rate of interest. Fnanoal liabiliti8s classifi8d as payabl8 within one year are not 8mortr"$ed. Debt instruments are subsequently rxrried at amoitsed cost. using Ihe effecb.ve inler6st rale mBlhoEI. Trade creditors are obltgations to pay for gocrtts or serw(xs Ihat h&e acquired in the ordinary course of operations from suppliers. Amounts payable are dasstfied as CUr￿t kathlilies if payfflenl is due within one year or less. 11 nc*t, they are presented as non•currenl liatxltti"es. Trade crediloTS are recognisèd initiajty al transaction pri￿ and subsequendy measured at amortised cost usbng the effectNe interest m8thod. Derecognltlon of flnancialliabmltles Financi81 liabilities ar8 derecognisad whèn Ihe assouaiion's cijntr&tua oblKd3tions Èxpirè or are dlscharged or ¢8n¢elled. 18- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polici IContlnu¢dl 1.12 Employee b•n8fiis The cost of any unused holiday eniitlement is recwnised in the ￿riod in which the employeo's services are Teceived. Tèrminalion benefits A￿ recognised immedialety as an expen50 then the association is demon$lrably committed to lerminatÈ th8 émployment of an employee or to provvk lemination benefits. 1.13 R￿rement b•neflts Church Workefs Panslon Fund (CWPFI The charity parti¢ipat&s in the Pension Builder Scheme 5eclion of C￿F tor lay staff. The Scheme is administered by thè Church of England Pensions Board. which tha assets of the schemès separately from those of the employer and the olher paitcipating emph)yers. The Church Worker5 Pension Fund has a section known as the Defined Benefrt5 Scheme, a deferied annuity sedion known as Pension Buiklèr Classie and a fssh baban(* s8cbon known a5 Pension Buikjer 2014. P¢n#lon Bullder Scheme Thè Pansion Builder Scheme of the Churth Wtytters Pension Fund made up of sections, Pension Build¢r Cjassic and Pension Buiklef 2014. bo1h of whid) are dassed as defin8d b8n8fil sthem&s. Pension Builder Glas5iC WOVKles a pension ft)r rngmt)ets ts paymenl from rgtirgmgnl. acwmulated from contributions paid and converted into a dtrfortgd annuty durin9 &mpbym&nl k)as$d on terms set and rewewed by the Church of England Pènsions Board from ttme to timè. BonLJses may also be de¢iared. depending upon the investment retums and other laclots. Pension Builder 2014 is a (ash balan(* stheme that prowdes a lump sum that rnembers use lo prowde benefits al reliremenl. Pension (x>ntributrons 8fe recortled in an acwunt foi each member. This account may have bonuses added by the Board belor8 retirement. The bonu585 c*pend on investment experience and other factors. The￿ is no requirèment for thè Board grant any bonuses. The account. plus any bonuses dedared, is Payab￿ frlirn members. NDTrnal pensi(￿ Age. There is no sub4Jiwsion ol a53e15 teiween emph)yers in each Sed￿)n oftho Pwsion Bullder Scheme. The scheme is considered lo be a fflulli-empb)yer sc*eme as des￿￿￿ in Section 28 of FRS 102. This is because it is not possible to attribute the Pensi￿ Buldw Scheme's assets and liabilit￿S to speafic employers and that contributions a￿ accounted for as if the Schwnè wète a defined contribution scheme. The pensions costs Charged to the SOFA in the year are contiibub.ons payable (2024: £38,151, 2023.. £29,850). A valuation of Ihe stheme is carried out once every Ihiee years. The most recgnl scheme v8lu81ion ¢ompleled w8$ ¢arried as at 31 Decémber 2022. For the Pension BU￿or Classic secliDn, the valu81ion revealed a surplus of £34.8m on the ongoing assumptions used. N the most re￿￿1 annual review, the Board chose not lo grant a discretionary bonus, whic* will have act8d to Smkyove the funding p051t￿n. There is no requirement for deffcil payments al the current time. For the Pension Builder 2014 section. the valualion revea￿￿ a surFAus of £1.8m on tha ongoing as$umpllons used. There is no requirement for deficit payments at Ihe currerht time. The legal structure of the s¢hem8 k% such that if another employer fails, ch￿￿ester Di￿san Association tor Family Support Work could b8¢ome responsible for paying a share of that wnpbyeT'S pension liabilrties. Avlva Stakeholder Pension Fund The Aviva Stakeholder SL*eme was in plarE priorto Apiil 2014. At Ihat date existing mèmbers were gwen tha oplion of rernaining or transferring lo the ClhPF stheme and two rnembers ramained. Aviva 15 a defined contrtbution sth8m&. Chich8St8r Diocesan Assouation for Family Support Work c¢nlribuies 7/0 and 8mployèès (xn contribute between 3PA and PA of salari&s. The pensicns costs tharged lo the SOFA in the year ar8 o)nliibu¢ion$ payablo12024.. £1,073. 2(Y23-. £536}. 19- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 riti¢81 accountlng •stimate• and Judgom•¥ In the application of the assoL?ation'$ acrthnting polia65. Ihe twstees req￿red lo make judgemènts. esti￿aleS and assumptions aboLrt thè CArrying amount of assets liablilies thal are not readily app8rent from other Sources. The eslirn8les and asso¢iated assumptions are based on historical 8xperience and other fa¢lors that are considered lo be relevant. Adual ￿SL￿ts may differfrorn thegè èstimates. The estimates and undertying assumptions a￿ revièwed on an or¥JDiThJ basis. Rewsions to a￿UntIng eslimales are r¢¢ognised in the period in which the estimatè k% reWS￿ where the revision affects onty that period, or in the period of the revision and fvlure perio(15 where ts revision affects both current and luturè periods. Kèy Sourc￿ of estimation uncertalnty In￿stment prop•ity The trustees believe that Ihe fair Y￿￿& of the investment property in the f￿an￿al stslemenls is £1.1)20,000. fith a professional valuation being perfom¢d in 2024, they belie¥e that the fair value represents an ac￿rat* r8fl8Ctitsn ol property values in the local arèa. Donatlong and legacles Unr•StrI¢t￿ Restrlcted fun(ts funds 2024 2024 Totaf Urbrestricled Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Legacies receivable Grant recewable Daanery contrikxJtK)ns 202.467 249.434 451,901 229.701 19.446 74,953 55,809 3Q,000 111.842 125,122 285,510 49,446 186,795 125,122 73.896 130.994 115,329 204,8 115,329 278.867 495,757 774,624 324.1C(J 322.773 646.873 Ineome from ¢haritsblè activHio3 Restrlcted funds 2024 Rwstrlctèd funds 2023 Dganery worker Incom8 within charitablé activ￿&S 125773 113.494 Grdnts for fAmlllÈ8 Income within charitable activiiies 47,730 31,227 173,503 144,721 -20- CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from oth•r trnding activitios Un¥e$trlcted UnrBstri¢tsd fvnds lunds 2024 2023 Eastboume chariiy shop Fundrai51ng 75,234 11,264 67,271 13,493 Othèr trading acb'vrties 8e,498 80.764 Income from investments Unre$tri¢tsd Unrestrlcted funds funds 2024 2023 Rental income Income from li5tgd investments 50,924 24,￿9 48,294 21,110 74,993 69,404 Expendlturè on ralslng funds Unrn$trl¢I￿ Unr•$trl¢tsd fund$ funds 2024 2023 Fundral$lng and publlclty Other fundraising costs staff costs Support ¢osts 6.809 108,377 745 8.881 88,606 907 115,931 98,394 frodlng ¢08ts Easlbourne charity shop Staff costs Support Costs 33,194 38.808 1.491 31,804 35,444 1,813 73.493 69,061 Total ¢o$ts 189,424 167,455 21 ajm v*aJ 88 Jo I￿0 r￿*x ( i X*41 (Y (TJ o¢ji￿r￿ O)Vl * r t4 ¢0 t4 O Tr- Lt) 888 J o o 00 Lt) V) Or(0 0> mc ¢JJ i * ¢Ji IOLD Or in vro sr Vcfj OJ Lr) )Q ¢£ Ill li * r CO D) rri (Ti oi (y (Vi p O thoo r lry ¢D O ￿ LN r)J 0 <(tQQUL)QWWIiiI Ln rD 0tr4 OID 00 o* J toc LN¢ryO CF) m trET> UJO c OOJ tLC£J￿J1I o)CLu>> I CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Unrrfrlet8d fund• The unrestricted fvnds of th& charity comprise the unexpend¢d baknce5 ofdtsnations and grants whith 8re not subject to specifi¢ cmditions by donors and grantor5 as lo how Ihey may be us&d. These include designated funds which hav¥ been set aside cHJt of unrestricted fuThls by the truste85 for specific purposes: At 1 April 2023 Inc¢)mlny Resources rnsourcès •xp•nd•d Transf•rs Galns and At 31 March losses 2024 Mary McPhetson Fund Dèanery Workers Garton House Propety Fund Gener81 funds 21,112 121.1121 4.471 {4.4711 1,250.IJOO 191.187 1201,4861 111.9891 50,000 12,3231 1,098,514 201,932 {415.301) 1.468.770 {415.301) {239,0581 47.677 1,30LI.446 Prevlous year. At 1 Aprll 2022 IncomiTrg resources Resour¢ès expÈndÈd Trdnsf•rs Galns and At 31 Ma￿h lossas 2023 Mary McPherson Fund Deanery Worker5 Gartt)n Hous¢ Pr¢)porty Fund General funds 21,112 21.112 4.471 4.471 1,250.0 264.OL 1,25D.000 191,187 474.268 {334.3091 (189,3391 123,4391 1,539,589 474.268 (334,3091 (189.3391 [23.4391 1.466.770 The Mary M¢Pherson fvnd has r¢du￿d by £21.112 {2023'. £niD thjring year. This repTe5enls the cost of the work in the Lewes and Seaford Doanery. Deanery Workers Fund: This represents donations given to $upport workers in all of the assoualion's deaneries. Garton House Prop8rty Fund: This fund was set up lo show the of frèèhold property. Garton House, 22 Stsnford Av9nue, Bnghton BN1 6AA. This property is a historical a￿1 whith houses the offices and food bank for the asso¢lation and also has four residential units that are let on AST with the income as bene*l lo the charitable aGtiwlie5 of the associatKJn. The fund has increased by £50,000 {2023'. £nill during the year, following a profession￿ rev81u81ion of thè woperty. In additson the sum of £201,486 has been transfor￿d from designated funds lo genèral unrèslri¢ted funds lolknyrng an underfaking from trustees lo invtssl the value of funds received from the 8ell H051el Trust in the propetty fund. so r81easing this value lo the general fund. CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORTWORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Analysls of net •$a•ts ￿(wa•n funds Lknre8trl¢tsd R•strict•d funds funds 2024 2024 Total 2024 Fund balances at 31 March 2024 are represented by: T3ngibl8 assèts Inv¢stmenl properl'es Investmenls Current 8SSètsllliabilitt8sl 294,133 1.020.WO 514.057 1527.7441 294.133 1,020,000 514,057 124,4771 503,267 1.300.446 503,267 1,803,713 Unrestrl¢ted funds 2023 Restrfcted lund¥ 2023 Total 2023 Fund balancos 4131 March 2023 are represented by: Tangible assets Investment properties Invgstmenls CuThent assetsloiabililies) 295,515 970,OLNJ 365.690 1164,4351 295,515 970,000 365,690 153,504 317.939 1.466,770 317,939 1,784,709 22 Operatlng lease comm5tments At the reporting end dale the 8ssti(a8bon had outstanding commitments for fijture minimum lease payments under non.cancdlable operating lease5, which fall due a5 f￿lOWS= 2024 2023 Wthin one year Between two and five years 24.043 24.429 24,043 48,472 48,472 72,515 During the y￿r £24,04312023- £24.0431 of18ase payments We￿ recognised as an expenses. 31 CHICHESTER DIOCESAN ASSOCIATION FOR FAMILY SUPPORT WORK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Related party transactlons Remuneratlon of key management personn?1 The trustees deem key manag9monl p9rsonnd to be: Mr M Auton-Lloyd M3 EJ8ino Waight Ms Nikki Kerr -CEO - Direcjor of setm - Director of fundraising and marketing The remuneral'on of key management personnel is a5 foll¢Jws: 2024 2023 Aggregate compensation 171,063 180,626 Trdnsactlons wlth Y•lat•d partles During the year the assoclalion entered into the following tranSact￿￿S vrith related pawtie8'. Mrs L Lynn is a represen18Uve on the board ol InJsta8s from the chid￿sier DBF. The DBF made a grant lo the charity of £33.5CK$12023- £36.0001. Mr M Auton-Lloyd is a tnjstee of the Bel Hostel Trust. whth rnade a d(￿al￿ lo the charity 01 £201,383 {2￿23.. £5,000). Aggregate donat￿n$ receNed from the truslegs amounted to £1.49) (2023.. £1,550). 24 C#8h gentrntèd from operations 2024 2023 SuWuslld&ficrt) for the year 19.CX)4 {81,6331 AdiuslTllen15 for.. Inve$tmeftt income recognised in siatemant of finan￿al acbvitses Fair value gains and losses on investment prOpert￿S Fair value gains and losse5 on Irwestments D&preciati()n and impsiment of tangible f￿￿d assèts {74.Y93) {50,Ct()) 2.323 (69,4041 23,439 4,753 Movements in wothng capit81.. (In￿ease)/de¢Xeastr in debtors InrJéaséJldacraas81 in cr8ditors Increase in deferred inra)rne {17.978) 10,336 123.334 15,213 17,4331 C•sh generated Iromllabsorbod by) 0￿￿tIonS 15,510 (115,0651 2S Analysls of chang•s in notfunds The association had no debt during the current or ¢omp8rdtive per￿￿. -32-