BRIGHTON AND HOVE SOCIAL WELFARE AND EDUCATIONAL TRUST LIMITED ANNUAL REPORT AND IINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
BRIGHTON & HOVE SOCIAL WELFARE & EDUCATIONAL TRUST LTD INDEX TO THE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page No. 1- 8 Dlroctorn. and Trustses. Report Independent Ex•mln•fs R•port 10 Statement of Flnanclol A¢tlvttle8 11 Balanc• Sheet 12- 18 Not•• to th• account•
BRIGHTON & HOVE SOCIAL WELFARE & EDUCATIONAL TRUST LTO DIRECTOR8. AND TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 N•m• of ¢h•rlty Bn"ghlon & Hove Social WelfAre and Educational Trust Lt Other names by whi¢h th• ¢harlty l• kn¢)wn Re80UTce Centre Re9i•tsrnd Charity number 287516 Addr•$• Resourc Centre, Prior Houge, 6 Tilbury PLqc¢. BrkJhton BN2 OGY W?bslt• 4ddfv* www.resourcecentre or F•cob<>ok pag• Twhlor Tru•t•o• ¥nd Dlr•ctorn IMaMg•m•nt Commltt••l Awel Harun Abdo Ahmad Yabroudi Rob eerry JonAlhaD Whlle Mudel Brlault Ramy Mohamed A184fe Ire&ign8d 14107120231 Chriuline El Shgbba Kaddy Jamm•h l•l•ct•d 2W11Q023 Jason Wllllam8 Ir•8lgnod 29111r20231 bhi El-Tud(i The chwir of th• Mansg•m•nt Cemmltt•o18 Rob 8erry 8tsff t••rn rg•pon•lbl• ltsr to day m•n•g•m•nt of th? ch•rlty Dani Ahren8 K81e Po9e Megon Archer (appointed 14108120231 Rebecca Lulon Kate Chapman Mlrollle Shimod• Judy Goss R•gl•t•rnd Comp•ny nurnb•r 1730256 England 8nLI W•le6 coMnY ••erntsry Kats Chaprn8n18ppointod 29111f2D231 Judy Gom Ir88ign•d 29111120231 R•9i8tered offic• Resource Centr8, Prior He•, 6 Tibury P&u, Brvjbton BN2 OGY VAT re9kntr•tlon number 861 100175 ¢ixntsnt• & CD. Chortered Accountsnt8, 100 Churth Stroet, Bnghton BN1 1UJ Bank Lloyds Bank, NDrth Street. 8dghton 8NI 1 PX Page 1
8RIGHTON & HOVE SOGIAL WELFARE & EDUCATIONAL TRUST LTD DIRECTORS. AJ4D TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The tNst88s, who are 8150 th8 diTt0 of rAmpany, present their rgport and accounts br the ye8r ended 31st March 2024. Sinte the Company qu8lrfie¥ a$ ¥mall under Section 383. the strBtegic repert required ol medium and18rge COmP8ll185 under The Companies Act 2006 Istralegic Report and D1ctO5 Repertl Règulations 2013 15 not required. Con•tithtion of th• ehirlty The ch8rty 18 r89iSter8d as Brighton & Hove Social Welfare and Educational TThJsl Ltd bul oper8tes under the name of Resourch Cenlre. It 18 ¢on81itul¢d a8 a cornpany limrted by guarantee and Is governed by its Memorandum & Arbcles of ASSO8110n. Th8 ch8rit8bl8 cornpany w45 Set up on 8th June 1983, although the Resouree Centre has boen In existence since 197S. Govern4nc• Resource Centra 58 8ccountab18 to tho res•ts ol Bri9hlon & Hove through a Council ol u8ers. The CouncAI i• a 6uIFcommiltse of th8 company and mèmborship Is Open to any community group which 16 Biiod in an 8re8 of 60cI81 housing and run by locql r•iid•nls', Prirngrily ccmpo$ed Of, and run by. di88bled p?opl8', Prim8ri1y e¢rnp058d Of, and run by. peopb from b18¢k 8nd mingrty gthni¢ back9Un018. We hgve 156 member groupi. Our mamb•r groupi elect a Management C?mmittee at Ihe AGM each year. Th8 M8na98ment Committee 18 r88ponsibl8 lor th• p•n•ral man8oemènl ol the ch•rity •nd its momrn are Iru8tM• and directors of the ch8rilabb cornp?ny. Tho Tru6te&s Jet the difeclion 8Trd polki88 of the charity.. th•Sr rolo18 on• ol ov•r8lght and gukJanc• r•lhar Ih•n gdv6 involvemonl in tho daily work. Day-lo-day management 15 delegated to Ihè staff ortsup. W# hav• seven mernber8 Df Stall who are organised as 8 te8m with no linè m8nagement. Two tstalf mèmbèr8 art r•sponsible lor repcrbng to the M8n8gern#nt Comrnittee. Pdor to eK8ction, potèntial trubl••i Aw advijed ol their dutK96 jnd re¥ponsibilitva8. Once ebctsd, truBte8B are glven a full indu¢lion into our work Bnd Ihtii own 1•9al responsibilitr'eB. Thay ar• givèn an information pack providing dètails of the govgmance and polie5 ol lh• ch8rity and gener81 Irusl88 guid8nrA. Training in 8rea8 such as health & safety or ¢harity18w is providgd 88 and when requirèd. A8 all our trustee6 are 8Ctlve members ol group6 that u6e the Re80uice Centre r¢9ul•rty, they h8ve a Bound undedyirya under$t•ndin9 of the day lo day work ol the centre. OblKts of th• ¢h•rlty Thè legal objKts ore'To promots any Ch8rilab purpoBe for th• bonèfil of thè inhèbilants of Brighttsn & Ho¥• and the Surrounding rea and In parb"¢ular lo relieve poverty and 8ickne88, to preserve and protect public health, to 8dv8nce public educatson and to provide f8cililk98 In th8 inl8re5ts of Social welfare for the recr89tlon orolhar l?i8Urn tim• occupation of thè salé inhgbi18nt8 wilh th¢ obje¢t of imprgving their conditions of life. We work to 8chi8V8 these objects ty h•lplng 10 buikJ a 81ronger community Sector. In 2023-24 t cantre wa8 uegd by $85 9roup$, These groups rn8kv 8 major conlributv)n l(> the city by providin9 $8Nices and adivib'e$ which •re lacking. partiopoting in consuhation 51ructurts, and creating a Space for umrnunit86 to come 109ether. Thi6 voluntary activity imparts Conserable bpnerrts to nelghbourhoods and communities Of interest and to th• City 88 a whole. Publ1¢ B•n•fit The Injstees are mindful of theSr duty under ¥8clion 17 of th? Charit5 Act 2011 to hav• duè règard to public bèn•frt guidance publish8d by the Gommis*on. We have referred lo thi5 guidance when revEwing our aims and objectives anLI In planning our futu activities. We believe the 8ummary of our aLl1vit5, Outlined below. demonstrsle5 our Immtheni to croating a publi¢ benelit in all our wo. Page I
BRIGHTON & HOVE SOCIAL WELFARE & EDUGATIONAL TRUST LTD DIRECTORS, AND TRUSTeES' REPORT FOR THE YEAR ENOED 31ST MARCH 2024 PrSnElpal arti¥ib• We provido pradical support to community and voluntary organksation5 and lo Statutory organisalions worftinG in the community. We ara open to all such Drganis8tion8 but our ernph8sis 15 on support to smaller communlty group8. We give particular attention to Sm811 groups based in ¢ommuniti88 th8t face additional barrr5 to affecbve or9ani88b'on.' group8 b8sed in areas of social housin9', block and minority 81hnic cornrnunilies,. ané the disabled community. We refor10 8uch group$ a5"Prrity Groups and invits them to becom¢ members. WO have i broad range o18ervicgs d85ign8d to SUPPOrt both neighbourhood 8nd city-w8 voluntsry activity W? provid8 equipment, Infom)alion, advice. consultancy, and tr8ining in tha skills n•8dod to or9anJs• 8ffoctiv•ly. Our role is to support P8ople lo carry outwork on behalf of their org8nisation$ so that they devolop 9reatsr confid6nce in their ability lo ba active in tht eommunity and 60 that a.11¥ are ¥prgad more wid81y. We work with other local gervice providern from both the volunlary and Btatutory $8Ctors. W8 h8v8 formed a partnerahip with Community Works and other 8pe¢iali8t Inlrastructuro and community development or9anisation$ in the city lo deliver 8èrwie•s $wdfi8d In 8rhtOn and Hovg Cty Council's'Third SeGtcr Commffjsioning Prospoclu8' from April 2020 to MAr¢h 2025. Our ••Thl¢•• Summ•ry ofth• m4ln a¢hlgVWn•nts durlng Ih•y••r troductlo 2023-24 6gw B full tUrn lo open-8¢Cg8J drop-in 8ervich8 8t thè Re80urc• Centw. The Cen1 h86 excellent venlilalion and air fihèring in p18c•, and we have taken rnea$ur85 to avoid overcrowding by rotalning an appointm•nl 8yStem lor equipmént ColltIOn And r8tum&. A8 9foupB have r8tum•d to the c•ntr8 for DIY printing &8rvlc88 and ad hoc advica, t C•nirè h•• ent* again bècome th• buzzing, l¢vely hub of activity il wa8 before the pandemic. W8 were èlso delighted to W81come a new member ol 8t8N to th¢ C¢nlrg during thB year. M8gBn Archerjoined th• t•am In Jun• 2023. bringing our 8t8ffing c#p8cty b8ck toiust below it8 pre-pandemic level. Ov•rvi•w of Support to group• During th8 y08r we supported 585 differ1 greups on i lolal 011925 occa810n8. 94% 01 th• groups were from Bnghton and Hovè SJ w•r• 96% 01 $. Thio 8UPPOrt breaks down as,, U¥8s of th8 print servic• Hlre of oquiprnent Arh¥ork 8nd18youI sUPPOrt Advice on demand Advice and training Iprebookedl Examin8tk•n of a¢18 1.640 1,441 240 170 250 57 Looking in a bit mofe dotail 8t th¢ various area5 01 support.. Prfnl artwo and layout •upport Thè rèintroduction this year of DIY printing ond a r88tructured pricing systom has b•en a sutc•ss, with many groups t8king adv8nlag8 of the opportunity to print their own documents with supportfrom our staff. while other8 have opted to pay a litve extra to havè th•ir printing done by us. D85pits th8 k8vel ol usage of the prfnt service r8maining steady, nèt incomo from Ihis has incre8sed by 8% campared with 2022-23. P•g• 3
BRIGHTON & HOVE SOCIAL WELFARE & EDUCATIONAL TRUST LTD DIRECTORS. AND TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 For our priority groups. our flexib18 8Mtr8 sUPPOrt means they can get addits.onal he to design the content of their printed material. Thi5 varles according lo the needs of the groups. For examplg.. W8 can h81p 8 group lo fom)ukgte their me$sag8, an 8ntir8 newsletter. or we can proofwad th•lr matenal and 9ive d85ign tip5. We produc£ aOrk for member Groups who request this additsonal design support. and did thi8 on 240 0CC0610n6 In thi¥ yèar. Equipm•nt hlr• ••ThSe• Thig year thorn were 1441 equipment hive yw.. Equlpm8nt for Me•tings and Indoor Evants Fundraising equipment Play •quipm8nt 419 690 332 Al Ihe 8lart Df the year, w8 slightly expand8d tho g•ographicpl r¥n99 of groups el1g1b lo book Our hir• equipment, lo COV8r POBlcod8 ar•a5 BN1-7, BN9-15 and BN41-45. We have continued to allocate haff-hour twn8 81olB for aquipment collection and rgtum, a$ w• hav• found thqt this enables smoother process for both staff and users, and eas6$ parkin9 Ple68UB. During the year, we 8dd8d 50rn8 nèw It•m8 lo our equiw¢nt for hl A tripod, fof holding camero8 or mobila phon•8 to tsk8 vWJeo# or photO8,' An •xhlbftion pop.up di8play unil12m x 3ml Two larger thèrmal 188ks1SL e8chl A lect¢m and a new proltsctor Stand In our moat recent surv8y120221. we 8$ked groupB how much money Ih•y had rai8èd ai Ih•lr m06t rent lundral6in9 •v•nt •nd the aY8rag8 Bmount was just over £3,000. Basèd on th16 Ilgurg, we eslimate that our •quipm•nt hir• lervi halpod gfoupB in th• ¢ity raia• ov•r £760,01 for their Vbtal work tluring 2023-24. Avk• and tr•lDlng A major pArt of our work 18 to provide advKe. inlomioboTh and training. Wè sp8clalSse In offering Ihe68 to ¥m811 orai8foots groups and •sp8cialty from marginwlised communiti83. We normally delivor thi& work in way8 al Through cur'odvlce on d8mand' 58rvic• which akn8 to give short bul effective support immedigtgly on a dTopin b8S1S bl Through support ses$loTh$.' more 51ruclurèd and longef piec88 of work d881gned to provide more extenjive ¥upport During 2023-24.. The advice on demand sèNiC4 W88 UB8d by 81 diffèrent grcups on • tot¥l of 170 occasiOn&. We ¢arrwd out 250 Structur support &e85ion8 with 45 differenl group6 The support covered 40 difforenl toprA, with the rn08t fr•quant enqui8 being fundraisiThg, budgeting, repothng to fund•rs, book-koepina, leg818truclures. eommillee ro188 and communlcallons. A8 Part of above we supported 25 groups with fundrai$ing applications, budg•b"n9 and book-keeping. The tctsl grant income roi8ed following our 5UPPOrtW83. £108,390. Our advicè and training work Ys funded by a mix ol funding 5trearns'. the work 15 attnbuted te 8 funder depending on tho nature of the group 5UPPOrted. In this year all our work with tsnanls, groups was funded by Housing Services, our w¢ with disabled people's groups w86 funded Ihrough a grantfrom the Chalk Cliff Trust and work wilh childre settings by Eorfy Y?ar5 and Childcare. A porb'on ol gur work with group8 In E86t erighton w48 funded by a grant from East Brighton Trust The remainder of our work was funded through a grant from Sussex Community Foundslion, plus our own service inrA)me 8nd reserve3. Pogo 4
BRIGHTON & HOVE SOCIAL WELFNRE & EDUCATIONAL TRUST LTD DIRECTORS. AND TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 hformation We continued to keep our inlomiation r•sourcoS LIP to date dunng thÈ$ year. paying particular attention to our information on funding 60urceB and bank accounts, in recognitsen ef the importance placed on this information by eur u¥ergroups. In total 920 indivKluals in Brighton and Hove w8w8d th8 inlormalicn pag•5 on ourwebsito. Exarnlnallon of 4ccounl8 Supporh'ng group8 with th¢if finsnci81 man8gernènt 68 8n Important part of our usual Wofk. Wo help our priorfty groups ¢0 sel up accounts 6yst8m8. we train tr885uf8TS and we provide an Independent examination ol grriup accounts. The56 examinations allow group8 trj demDn8tr8ts to their members Bnd lo funders that money has been properly accountsd for. In 2023-24 we urrk•d out 57 examinations of accounts. Funding for Ihls woth cam8 from tsevèral str8ams. Examinations for tenant groups were funded by Housing SeNices, those for childc8r8 8811ings from the eountil'¥ Earfy Years ChildC8 Servick, thos& for non.lenant group6 in Egsl Brighton from Ea8t Bnghton Tru81 and for di88blèd pèoplè's groups frem Ch8lk Cllff Trust. The rom81ncl8r w88 funded from 8 SuBS•X Community F¢undatien grant and our ewn r•s•rv•i. Support th t•nant ¢on•ult•tlon In addition to th8 Bbova 8eThicAs w8 9180 do specrfic work. fund8d by Hou8Sng s8r4riCS, lo support tenant consullBllon In the city. Th• ReBoufc8 C•nlw provldo6 s6cretarial support to the resioJ8nt meetsng8 th8118k8 place in each orea prior to the Area Pgnel•. These are part of the formal con8ullalion 8lruthre wllh the Council and feed inlo Housln9 Commthe meeting6. Tho Re•ource Centre'4 roJe18 tske rnlnutg8, 8¢nd eut pAp•rn and notfflc8tlon ef th• mutino, ond gUPPOrt tho R•8hY•nl Chai¢p•rn¢n. Th• aim18 to a8Sl$t re$id?nls in pulbng forward their concerns And i#su•i elèarly and effeclivety. Durtng th• y•Ar w& supported 14 Re8ldenl Onty Meelin98. mOBt of whlch contlnued lo b8 he a6 hybrkl m88b'ng8, u•lng our M•o1Sn9 Chvl equiprnent. We took part In 8 8eri8s Dr diieus$ion8 with the Ccnmunily Engag8rn8nl T8am at Brighton & Hove Cily Council Housing Services, with the airn of irnpr¢ving ouriolnt working to &UPPL)rt tenant 8nd re8id8nt community or9ani8in9. We ¢onlinu¢ to work collaborBtlv8ly with council offK8rn qnd ¢ornmunlty development worker8 In all Areas of th• dty. 8•ry1¢• O•v•lopm•nt We have m•de progre$• In almost all areas of our •Nic8 dev8lopm•nt plan, aqrned gt tho •nd 012022-23.. As outlined Above, wo havo Mpleted • tUrn lo fully open-acce88 DIY print service8, with the option of Resoutce Centre stoff printing for group8 81 an gXtr8 th8rg8 Thè •quipm•ni hir8 S8svice Is also operallng with collec¢i¢n aThd return timg$lot8 throu9hout th? week •nd a dr focu5 On groups based In Bnghlon & Hove 8nd the immediately surrounding are88 W8 hav8 Opened a d•dicalèd bank account in order lo hold small amount8 of fund$ foi priority group8 Ihat are uTr8ble lo open bank accounts, or are experiencing delay¥ in selling them up Wg havg ¥ubmitted an initial bid to the NaD"onAI Lottery for a partnership project, offerin9 neOrkI. Skill sharing and b8&poke support with fundr8ising 8nd finances, lorgrassroots community organisers We h8ve been sucee8sful in secJJring funding lo upgride our bo¢*ing. invoicing and contsct management sy8iem8, with the aim of making effici8ncy gains Wo havo expanded our staff team by appointing an addthonal rnbOr tsl staff The onty area in which we have notyel mad¢ prDyre55 16 our intention to further improv8 our print rDom equipm?nL Thi5 r•rnains a ptiurity lor2024-2S. Page S
BRIGHTON & HOVE SOGIAL WELFARE & EDUCATIONAL TRUST LTD DIRECTORS. AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Risk Mznqgernent The trusts98 have again conducted a revw of thè main rKsks whlch may all•ei thè futuw of Ihe ch8fity and of th8 measures in place lo mitygat¢ th08e risks. We h8v8 considered Managernonl and direcb"on. and potential risks suth a8 lad( of forw8rd plannin9 or los$ of key stsff Operatsonal n$ks such as failure 10 meet priorities or ID provide a goo(J service Finanoal ri8k5 such as failure lo sscura 8doquatg funding Exi8mal ri5k8 such as bad publicity or changes in government policy Compliance with rogulBlion8 and company18w With strong policies and expernced 8t8ff we are confident we have Ihe ability lo de81 wilh risk8 in each ol these a88. Overall thor• is 8 very low risk of failing to secure adequate fundlng lor 2024-25. Although tho budg•l is showing a delKiL h8v¢ Julfiri?Trl funds in our fre? r58Ne5 to coverthi5. We are toking acts've $1gP8 to r8i8a additional funds, r?$etur SèNieèS and ¢¢n$lrain expenditur• in order to reduc• Ihe dolic In futu years. We have strong ¥upport from local counallorB Bnd the City Council •upport wa have receNed lor more than 30 y&arn18 securg until lh¢ ¢nd of Mah 2025. The counul has m8de a commilm8nt to continue funding e888nlial inlr881ruclure 8UPPOrt for the community and voluntary etorfor a further fDur yoèrs, liom 2025-29, gnd we are actively engaged in discussions witti th8 coundl 8nd p8rtnar organisations to ensurè that our $8Nic88 for 8m011 group& continue to be 8UPPOrted. Wo are confh48nt Ihat wa can continue to provid8 a w•lkrun, coll •ff•ctlv• rvic8 that is v•luabl• lo hundreds of grou in th? uty. We will obviously coDbnue lo prud•nl in our m•n8g¢m•nt of fund$, •nd t? k••p ¥ clo•e ?ye on lh• C•ntr•'8 financ¢J. th itrong financ1 m•n•g•m•nt and good l?cal Support we 4r¢ 06 confKlgnt •• we c•n ol mltlgAllng Ilnanclal dsks. Flnnclal 4ethtth# Thè Statsrnant of Finanei#l Acb'¥th85 8how8 not axpendllure of £18.83?. Our r88erve8 stand al £91,237 of which £10,591 ar8 r8itriet•d fund8. Wg rg¢9ived lundlng of .. £89,853 frorn 8righloTr & Hovg City Council Communitie5, Equ&lity & Third Sector Team through the Pr08pectus for Third Sector Infr8structure Support. This $upport$ the inforrnatbn, èquipmgnt and print service which Is open lo all local community groups. £36.347 from 8righloTr and Hove City CouTrul HouBing Service8 to cOmprnent the Coundl'8 own WO to davebp Council r¢8identS' 88sociatlDn6. We support the8e 8660ialion8 by means of gur inforniotion 8nd Spedal Support 8er¥K85 8nd by seryiung joini mèetings ol r8slLlents. £7.500 frorn Brighton Hove City CDunc11 Early Yeor8 and Chlklcare to provlde 8pedali61 support to community basad group$ providing ehildc8r8. £5,000 from Sus58x Community Fovndulion. to SUPPOrt groups in their proce53 of rtrGovery. £2,000 from Ea818righton Trust, to 8UPPOrt gr8$$roets groups ba8&d in East Brlghton. £5,000 from the Ch81k Cliff Trust, to support groups run by And for d15Abled people. W? 8160 received donations of £1,805. Charg8& for our 6eNices provided th8 th8rlty wlth an Income of £48,122. 1118 our policy to 88t pr8 which loc81 group$ can afford and which, at th• same lime. Cover seNice costs. replacement of equipment and some staff Costs. We offer a 10% discount lo our member-9roup8 to ensure th8t they can afford to use our equipment. Thi8 year wp gave 8 total of £1,203 in discounts. which diredly $upported the work of small, voluntser run rnernber groups. We do not charge groups fov use of the Infomalion and Speckgl Support services. Wo 9on•ratèd £3,170 in inlgrost Irom our bank and building soClY accounts. Pagg 6
BRIGHTON & HOVE SIXIAL WELFARE & EDUCATIONAL TRUST LTD DIRECTORS. AND TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2024 RMerv•$ ¥tatement We hohj unrestricied funds of £80,646 and r8Strthd funds 01 £10.591. Th? majority of our re8erye8 are deBionated for specific purposes as set out telow. We have £10.591 in reslricteé funds and assets as folltr$". £3,750 from Su55ex Community Foundalron to support covid raVery work with our priority groups £4,167 fron) the Chalk Clrff Trust, for support work with di58bled people'6 groups £2,674 in 858el8. namely equiprnont purchased with restricted funding in previous ye8rs The remainder ol Centre's funds at the start ol the year ore de8vJn8tsd As follows.. We have an agreed a policy of holding a designited reserve to th• value of one monlh's regular rovenue exp8ndltur8. B86ed on our lot81 IoT8ca8t exp8ndilure for th8 y88r wg have put 881de reserves of £18.123 for thi¥ purp08t. Wo have a d89vJnaled fund of £1.000 for 0$$ontU81 ropalr6 of premi8e5 over and abov8 regular mainl8nance cosli. We havg a Servic¢ Continu8tion Fund of £45.000,11 is important that w• mainiain eon5i5tenl 8eniice8 and 61JPPOrt from group8 y8Af-on.ye•r. tsul we •re18rgely olependenl on fundSng that we re-apply far in cycle8 011, 3 or 5 yeAr8. Our Servirs ContlThU8b'on Fund en8bles us lo bridge th8 gap and continu• of the Re60urc8 Centre when we •re unobl8 to g•t grants to lully fund all of our werk. We have Iree re5•M8 of £16,523. The trusie•• do not conJid•r it n•e•saary to •itBbliih 4 Redundancy Re8gNe, a8 the 91 ol any rqdundancy would b8 mat lffjm fund5 hekl in tha bank, and th• BBle of 8quipm?nl •nd Jtock. The delBi18 of movements in fixed a#t& are 8•1 out in the noto8 lo the aeeLunl#. Method of appolnkn•nt or•l•¢tlon of tru•t••• The manag•m•nt ol th• company i• th• r•insibIlIty of th• Tru8t•8s who are and eollopled und•r th• tèm8 of Ihe Tru8t d••d, Cornpany law requires the Council lo prepare financial 8t8tem8nl8 for each linondal ar which give a true and fair view ol tho slatè of thè iff8ir8 of the Chsrrt8b comp£ny a8 81 the balBTr sheet d810 ol Its ineorniThJ reBources and 8pplieation of re80UTC88, includin9 inc0rn8 and exp8ndilure. for the hnanci81 #r. In pmpsring those fin?n¢ial st8ièmtnts. the Council should follow b88t practice and.. R•Bpon•lbllltl•• ofth• M•fi•g•m•nt Commltt•• Sfrloct suilable accounting Pol85 and then apply them n51$tOn11Y Ob3er¥e the m8lhod$ And principl•s in th• Chanli•s SORP Make iu¢gemenls and èstimates thgl aro rea$onabla And prudtnt, 8nd Prepare th9 Iin8ncial 51aternen16 on lh8 going concom basis unless it 1$ in¥ppropriate to as8um8 that th• company will continue on that basi5. Thv Counul ia ¥tBponsible for rn8int8ining proper accounting records which di8dos• with r•BSon8bl8 accurow al any lime iho finaneial po811ion of th8 ch8ritabl8 company and to enable them to ensum Ihat the financial ststemenls tompty with the Companies Act 2006. The Council 1$ also re8pon$lbk for salegu8rding the asset¥ o( the charitsble eomp8ny and h8ThC8 for taking w8son8ble step8 for the preVentn and detection of fr8ud and other irregulerities. The council have 8t all times Complied with duty in section 4 DI the 2006 Charits'es Act lo have due regard lo guidanc8 publijhgd by the Chanty Comrni$610n. indudin9 publt benefit guid8nC. P890 7
BRHTQN & HOVE SOCW IVELFARE & EDVCATIONPL TRUST LTD DIREGTORS. AND TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 1Mbe ofth8 Managem•nt Commltteg Memters ofth8 Manag8mènt Cemmlttee. who 8r8 directo for th• purp058 of rnPanY law and trustses for the purpose of th&rily1ow, who seFv•d during the year8nd up to thè dAte of this report are 8•t ¢t on page 1. Approv41 This report was •pprD¥ed by Ihe 808Td on 22110 I go2lhnd 6igned on ilB behalf. 81gngd on bohilf olth• Bolrd K ChApman S•er•tsry Pago 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIGHTON & HOVE SOCIAL WELFARE & EDUCATIONAL TRUST LTD FOR THE YEAR ENDED 31ST MARCH 2024 I report on the accounts of Ihe ch8rit8bl& comp8ny for thè Ar 8nd8d 31st March 2024. wh¢h are Set out on pages10to 18. Thi5 report is rnade scAely lo the companls Trustees. as a body, in accordan th seebcA1 145 of the Chanties Act 2011 and regu181ions marle under section 154 of that Act. W work has been undertaken so that I might state to the cornpany'5 Trustee8 tho8e rnatters l am qUired to state to trern in an Indepen(Jenl examinerfs report and for no other puipose. To the full&$l ext9nt permitted by law, I do not accept or assume responsibility to anyonè other than the cornpany and Ihe company's Trustees as a body, lor my work or for this report. Re¥pectlv6 re¥pon8lbllltlos ol tru8tee8 and examlner The ¢h8rity'$ Iruslees are responsible for ihe preparats'on ol the accounts. The charlWs trustees consider that an audit is not required for this y8ar Und section 144121 ol the Charitie5 Act 2011 and that an independent exarnination 1$ needed. Having satisfied myself that tre charity is not Suwect lo audr( under company and 18 eligible for ind8pend8nl examinats'on, It Is my responsibility to.. exArnine the accounts under section 145 of the 2011 Act.. to follow the prw2dures 18id ¢Jown In tre Gener81 Direcb"ons glvan by tha Charlty Commis51oner5 undef section 14515llbl of tho 2011 Act., and to stale whether particular mattefs hav8 comè to my att8nts"on. Ba•1• of Ind•p•nd•nt •xamln•rf8 r•port My ex8min81ion wa$ carried out in accordanc4 wth the General 01CtIOnS given by the Charity Comrni8sioners. An exomin8b.on in¢ludas a revi8w c*f the accounting records kept by the charity and a comparison of the occounts presented with those records. It 8150 Include8 consideration of any unu8ual ilerns or d15d08ures in the accounts, and the seeklng ol explanations frem Y as tru8lee8 concèmlng any Such matter8. The pro¢edures undertaken do not provide all the evidenco that would be required in an audrt and. conBequenlly no opinion is given as to whèther th& accounts prèsonl a'lrue and lair vi8v/ gnd the report Is Iimitgd to tho8& mattorg set OLrt in the staternenl below Indepgndent •xamln•rf$ •tatem•nt In connection with my •xaminatson, no rn8tter has come to rny attention.. 11 which gIS me reasonable cauBe to beli6v8 that, in any mater181 respect, the requirèments.. - to keep accounts'ng reccfds in 3¢cord8nce wf(h 8386 tslthe Companiès Act 20fA8", and - to prepare 8ccoun15 which acrd wrth the antIng recordg, comply th accounting requirement8 of S396 of the Cornp8nies Act 20( and with the methods ond principle8 01 the Ststement ol Recommended Prgth9'. Accounting and Reporting by Charlts"88 have not be&n rnet., or 2110 which, In my opinion, att•ntion should be drawn in order lo enable a proper understsnding of the accounts to be reached. Name ol prlnapal.. Mr H Speight FCCA Name of firm.. Mark8 & Co Chartered Accounlants 100 Church Street Bnghton 8N1 1UJ Date.. Page 9
8RIGHTON & HOVE SOCIAL WELFARE & EOUCATIONAL TRUST LTD STATEMENT OF FINANCIAL ACTivfTIES FOR THE YEAR ENDED 31ST RCH 2024 SUMMARY INCOME ANO EXPENDITURE ACCOUNT 2024 Total 2023 Total Restricted Unrnstricted Notes INCOME AND ENDOWMENTS FROM Donatlons andl8gaci•s.' Dtsn8b"ons aThJ Gifts Invesfrnent Incom•.' Bank Interest 1.605 1.5 3.519 3.170 3.170 1,141 In¢om• from eharltabh actlvhhs Grants and contracts 145,700 145.700 155,700 Incorne Irorn provision of 8ervl¢xB 48,122 48,122 45,822 TOTAL INCOME AND ENOOWMENTS 145,700 52,897 198.597 2C6.182 EXPENDITURe Expendlturo on Rohlng fund• 10,071 10,071 9,018 Exp•ndhur• on Charltable actlvltl 149.617 57,748 207.365 198,593 TOTAL EXPENDITURE 149.817 67,819 217.436 207,FA19 NET INCOMEIIEXPENDITUREI 3,917 18.839 1,427 N8t IncomellExFendilurel 13,9171 114,9221 118,8391 11,4271 N•t movem•nt In lundB forth• p•rlod 13,9171 114,9221 118,8391 11,4271 R•conelllatlon of fund• Brought forward 110076 Carrled forward 11112 £ 10591 £ 91 237 £ 110076 Th9 slatemonl ol finanaal activities includeB all gains and losses rOgnISed in th¢ year. I Income and expenditure deTNe8 frorn conlbnuing 8cb"v1Y. The notes on pages 12 to 18 form pgrt ofthese accounts. Page 10
BRIGHTON & HOVE SOCIAL VVELFARE & EDUCATIONAL TRUST LTD BALANCE SHEET AS AT 31ST MARCH 2024 2024 2023 FIXED ASSETS Tangible Fixed Assets 2,674 5,138 CURRENT A&8ETS Stocks Dtsbtors Costt at Bank and in HaTr 6.123 8.407 78,894 8.186 7.e71 95.256 10 93,424 111.315 CREDITORS. amount• falllng du• t*Jlthln one year 11 14,8611 16,3771 NET CURRENT AS8ET8 88,583 104,938 NET ASSETS 91,237 110,078 UNRESTRICTED FUND8 Oesignoted Funds General Funds 46,CQO 72,LX)O 23,588 80,848 95,568 RESTRICTED FUNDS 14.508 TOTAL FUNDS 1Z113 91,237 110,078 Th& directors and truslè8s ¢on$id8r that the company 18 enlled lo exemption from the reqLtiremgnl to have on audit under the provisions of section 477 01 the Companles Act 2w61.lhe Act") and mernbers have not requlred the company to obtain an audit for the y88r in question in accordance with section 476 of the Acl. The Tru$le¢8 acknowSedge their ffj8pon8ibllrties for ¢omplying vAth the requlrernents of Ihe Companies Act 2 th r88peci lo acLounting record8 8nd tho prep8r8tlon of finanaal ststements. The financial statements We approved by the 8oafd on its behalf. ond signed on Tnwt•e ..Trugts0 R Borry The notes on pages 12 10 18 form part of these acwunts. P•g•11
BRIGHTON & HOVE SOCIAL WELFARE & EOUCATIONAL TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST KARCH 2024 1. ACCOUNTING POLICIES The principal accounting policies are summari8ed below. The accounting Wicles ha bèen 8pplSed Jnsist8ntty throughout the year and in the preceding year. 1.1 Basls of pr•paratlon The ffin8rrial stalements have b&en prepared In accordance wrth Ac¢ourfng 8nd Repclting by Charrties.. ststoment ol Re¢ommended Practlc8 8ppli¢8ble lo ¢hantiès prep8ring Iheli accounts in accordance with the Financial RepoTting Standard appli¢able in the UK and RepublK of Ireland IFRS 1021 leffe¢tive 1 Jenu8ry 20151 (Charities SORP IFRS 10211, the Financk91 Reporting Standard applicable In the UK and Rèpubllc ot Irelan IFRS 1021 and Ihe Companies Act 2006 8nghton & Hove SocAal wella an¢Y Educational Trust Ltd meets the definltk)n of g public tenefil entity under FRS 102. Assets and Ilablli1I&8 8re In191 re¢ogni88d 91 historlcgl cost or Iran8aclion value unle88 Otherwise 81ated In th8 relevant aceounllng pollcy. 1.2 Company •tstu• The company is a company lirniled by guarantee. The memberB ol the company ar8 thè Truste88 on Poge 1. In the event ol tha company b8ing wound up, the lialIty In SpeCt ol the gua¥anle8 is lImed to £1 per member ol the company. 1.3 Fund Ac¢ountlng Unr8$lrScteil ftJnd8 are avallable f¢¢ use 81 the dlscretion of the Iru3lee8 In furtherance ol the general objectiveo of the charfty. Oe8ign8led funds are unreslrlcted fund6 earmarked by the M8nag8ment Commitlee for p9rtIcur purposes. Restrlcted lunds are Bublecl•d lo r•strictths on Ihtsir •xpendilure ImpoBed by the donor or through th• terms of an appeal. 1.4 Incom• All Income Is rgcognlsed once the company ha6 8ntlil8menl lo Ihe Incom•, St 18 probable th81 the Income wlll be r8ceivo(J And th8 gmount of Income receivable can be m•asured reliabty. For l¢g8¢1¢$, enllllemenl Is 18kèn a$ thè garller of the dat¢ on which erther.. the cornpany IB 8ware that probat• has b8•n grant•d, th• estate has b8•n finallged and notfficalion h88 beern made by thè executorlsl to the Tru81 that a dlslribulion will tye rn8de, or when a dl8lribulion 16 recelved from the estate. Receipt of 8 legary, In wholtr or in part, is onty wnsidef&d Pfobable whèn thè amounl ean bè measured rellably and the company ha8 been nolthed to the mpanY, or the Mparty 18 aware of the granting of probate, and the criteria for Income Mcognrtlon have not betsn mel, Ihtsn the lega¢y18 Ire8ted as a contingent asset and dlsclo88d tt maleriql. Donaled 8eNices or f8¢ililles are rècognlsed wh8n thè company has control over the Item. any condllions assoclated with the donated Ilem have been met, the recelpt ol economlc benefrt from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with Ihe Charities SORP IFRS 1021, the general volunteer time of the Friends is not racognised 8nd ffrr lo thè Tru8lee8' report for more Infomiatlon about Iheir contributlon. On fecelpt, donated profès51onal sarvlces and donated facilities are recognised on the bas16 of the value of the gift tg tho Gornpany which 15 the amount the company would h?ve been wi15ing lo pay lo obtain serVeS or facilities of UNa1*nt economlc b&n•ffit on the open market.. a corresponding amount is then Cognised in e¥pondrturts in the period of ¢t1pt. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant 1$ regnISed 81 the lime of the donati)n. IncK•me tax recoverable in relats'on lo Investmènt income 18 recognised at the tlme the Investment Inwme is rèceivable. P¥ge 12
BRIGHTON & HOVE SOCIAL WELFARE & EOUCATIONAL TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR E14DED 31ST MARCH 2024 1.5 Expènditurè Expendrture 18 re(x>gnis•d once there 1$ a legal or con8tructive obligats'on to transfer economK benefit to a third party, it 15 probable th818 Ir8nsfer of e¢onomlc benefit will be required in seluement and the amount of tho obligation can be measured reliably. Expenditur8 is classified by aciivty. The costs ol aach actNity ar• made up of the total of direct cos15 and sh8rtd costs, indudin9 SUPPOrt costs involved in undertaking each adivity. Shared costs which contribute lo more than onts 8Ctivity 8nd support C08ts whith are rnol attributstAe lo a 85ngle actmty are apportioned between those 8Ctivth8s on a b881S COll8181enl with the use of soUrc3. Centr81 Stoff costs are allocated on the bas of lime sponl, and depreciation ¢haf9e8 allocated on the portbn of the asset's Usg. Fundraising costs are those incurnd in 8oeklng voluntary contributlons and do not Includè the co81s of disseminating infomiation in support ol the ch8ritsbl& actlvilles. Costs ol gen&r8tlrffJ lunds 8r8 Costs Incurred in attracbng voluntsry income, and those incurred In Irading activrtiea that roise fvnd$. 1.6 Tanglblfr fixgd and d•prnclotlon A VIeW for IrnpaiTrn8nt of 6 fixed asset is carrlè(J c¥Jt 11 avants or changas In c5rcum8tanc&s Indicate that th8 rrylng value of any fixed asset m8y not be r8COV8r8bl•. Shortfalls bèfv4•Èn ltye carrying value ol flxed assets and thelr recoverable amounts are re¢ognised a5 imp8irmtsnts. Imp8lrmenl losses are recognised in the Statemenl of financial octivities incorporating incorne and expenditure account. Tanglbl& ffxed 888è18 arè carried At cost, net ol depreclation and any prov181on for Impalrment. Depreciallon 58 provlded at rates calculated to write off the cost ol fixed assets, less their estim8ted resldual value, over their expected useful livag on the following b8se6'. L888ehold Property 20% p.8, on 81r8ighl Ilne b0618 Equlpmgnl 33.3% p.a. on 8lralghl Iln• basls 1.7 Int•rut r•e•lvabl• Inte$1 on funds held on deposll Is Indvded when rècelvable and thè amount can be rnea8ud relkgbly by tho company., this Is nomi81ty upon notlfication of the Interest pald or payable by the Bank or B¢Jildlng Society. 1.8 Dobtor• Trade and other debtors are recogni$od al the settlement amount after any trad8 d18count offered. Prepayments are valued at the gmounl pr•pg1(J nel of ony trgde dl8Govnt$ dug. 1.9 Ca8h at Bank and In hand Cash at bank and in hand indudes cash 8nd short lemi hlghly Ilquld Inve$lmenl8 wlth a short mglurity of three months or les5 from the dale ol 8wul¥ltlon or opènlng of the daposlt or 8imllar account. 1.10 Ll•bllltle• and provl8lons LSabililie8 arè rècognised when there is an obligatlon at the Balance sheet dale as a result of a past event, il is prob8ble th81 a transfer of economlc beneffl will be quired in seltlernenl, and the arnovnt ol the settlement 8n be estimated rèli&bty. Liabilities are recognised al the amount that Ihe company anticipates it wll pay lo Settle the debt or the amount tt has recelved as a¢Jvancd payments for the goo(Js or services bt musl provide. Provisions are m&88ured at thè bast 8Stlmate of the amounts requlred to settle the obligalion. Where the effect of the tirne value of money 1$ m81gri81, the provislon Is based on the present value of those amounts, discounted at the pre-tax discount t8te that rellects the risks $Ce to th8 li8bilty. Th8 unwinding of th• discount is recognised wrthin Inte81 payable gn¢J slmllar ¢harges. Pg013
BRIGHTON & HOVE SOCIAL WELFARE & EDUCATrONAL TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 2. DONATIONS AND GIFTS 2024 2023 Donallons 3. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Gr•nts and contr4cts (•) R•vgnu9 grnnt• for provlilon ol ••r11 Bdgmon and Hove Clty Counell ITSIPI Bnghton and Hovè Hou$in9 Services B&H Egrly Yèars and Childca East Brighton Trust Su58ex Community FoundaOn Th8 Nation81 Lottery Cornmuniti88 Fund Revenue The National Lottery CommunStle8 Fund Capttal Chalk Cllff Tru81 89,853 36,347 7,500 2,000 s,000 89.853 38,347 7,500 2.000 5,000 7.522 2,478 5,000 5,000 148,700 1150 700 Gronl$ rece5ved reloting to cathl expendltum are credrted lo reslMct&d funds, 8gain81 whlch the depr•clallon of th• r•l8v8nt prcportlon of the rèlated langlble ffx8d 8880ts16 debrte¢J. Th8 work fvnde¢J by the80 grants and contracts 18 d08¢rlbod In thè annual report. Actlvltbe• In furth¢r•n¢• ol th• Charfty'8 obJ•ct• 2024 2023 Ib) Incom• from provl•lon of NIc•• Equlpment Bervice8 47.933 44,310 Sp8dal Support servlce 189 4. INVESTMENT INCOME 2024 2023 Interest Income 1,141 198597 Pag•14
6HTOM• HOvE¥oG5LF a EDUCATK)N*L TRUST LTD NOTESTOTHEACCQUNTS FOR THEYE•41 ENDEoJisfMNR¢H 2024 TOTALEXPENDrriiRE IrOrdIn• 4clUrin Iport 7£ TLI 33.021 28.177 101.955 151.427 1.2Ca .WlpNni 19S706 ).0 ,OD 1.1 2.924 Prwni 73a 14.12J J23 12.14 17 47D 742 222 I,e49 209 514 &ththpiiord Ittlln 2CO io 12 47 riF )49 23D .boIvAT 724 140 37 707 PAy15
BRIGHTON & HOVE SOCIAL WELFARE & EDUCATIONAL TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 6. NET INCOME FOR THE YEAR 2024 2023 This is after ¢harging'. Staff costs (see note 61 Depreciation of tsngible fixed assets 161,935 1,186 151,427 8,509 7. EMPLOYEE INFORMATION No remuner81ion was pald lo the InJ8lee8 in the year. nor were any expenses reimbursed lo them. Staff costs were 98 follows.. 7.1 Stsff Colts: 2024 2023 Staff eosls breakdown by Project Area Charitable activities Fundraising and gov8m8nce 153,514 8,421 140,146 11,281 161.936 161427 The 8vorago number of persons employed by the comp8ny during the year wa8 as follow8.. 2024 No, 2023 No. Ther8 were no employe88 in recelpt of emoluments greater than £ 60,000. Pago 16
BRIGHTON & HOVE SOCIAL WELFARE & EDUCATIONAL TRUST LTO NOTES TO THE ACCOU14TS FOR THE YEAR ENDED 31ST MARCH 2024 8. TANGIBLE FIXED ASSETS Lond & Equlpment Bulldlng• Total Cost: Al 18t April 2023 A(Jditon5 Disposals Al 31st March 2024 35,775 308,174 428 343,949 426 35.775 3Q8,602 344,377 D•preclatlon At 1$1 April 2023 Charge for the perl¢> At 31st Marth 2024 32.367 1.708 34.073 306,444 1.186 307.630 338,811 2,892 341,703 Net Book V•lu• - At 31st March 2024 1,702 £ 972 £ At 31$t March 223 3408 £ 1730 £ 9. STOCKS 2024 2023 ststion•ry, bodg88, 6123 £ 8188 10. DEBTORS 2024 2023 VAT debtor Trad? Debtors other Debtors and Prepayrnents 18 3,395 4,458 2.769 5,638 8407 £ 7871 11. CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxès and Soclal Security Olher Creditors and ArLrua15 Funds held on beh8lf ol grcgJp$ 2.714 2,147 2,182 2,483 1.712 4.881 £ 6,377 Pag?17
BRIGHTON & HOVE SOCIAL WELFARE & EDUCATIONAL TRUST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 12. ANALYSIS OF NET ASSETS BETWEEN FUND8 Genoral Deslgnated Rostrleted Funds Fund8 Funds Totsl Fundl Tanglble fixed assets Current a6sets 2,674 7.917 2,674 88,563 34,646 46,C()O £ 34,646 É 46,000 £ 10,591 £ 91,237 13. MOVEMENTS IN FUNDS At 1 Aprll In¢omlng Outgolng Trnnsf•r• At 31 March 2023 RèsourcM Rèsourc 2024 RtrICt• fund•'.. Equlpmenl 12,8921 2,874 Provision ol Service8 8,942 145,700 146,725 7,917 Tot81 Restrict8d Funds 14,508 149617 10,591 Unr••trl¢t•d lund•:. De8ignated'pr8m15e8 lund. 1,ODJ De81gnated'8eCe8 c4)nlinuation' 70,0 125,0001 45,1)JO Designaled'digital phone 8y$l&m $¥wkhovert 1,OOJ 11,0001 Genor81 lund8 23.568 52.897 34,646 TDt81 Un$¢¢1&& Funds 95,588 52,897 67,819 80,648 TOTAL FUNDS £ 110.076 £ 198.597 £ 217,436 £ 91237 Purpow• of Re8trleted Fur*d• Equipm6nl.' This represents grants r1Ve for capltsl wulprnent. Thg balanc•18 reduced 88 th• oquipmonl depr6ciote6. Provision of SeryeS.. The nd is for the'lnformation 8ervlce' and'special SuppJrt services. aB explained the trustees, r8porL PufPO••S of D•81gnat•d Funds Sgrvic8s tInatIOn Fund.. This is èxplalned in the Tru8tee8' Report under Re8erve8 Stslemenl. P499 18