REGISTERED COMPANY NUMBER: 2409902 (England and Wales) REGisfERED CHARITY NUMBER: 802632 TRUSTEES. REpoirr AND UNAVDITED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2023 FOR HAsnNGS VOWNTARY AcnoN Hastlngs Voluntary Action Jackson Hall Pordènd Pla Hastlngs East Sussex TN34 IQN
REGISTERED COMPANY NUMBER: 2409902 (England and Wale$l RÉGi¥fERED CHARITY NUMBER: 802632 HA5TINGS VOWNTARY AcnoN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Page Reference and Adminlstrative Details Trustees, Report Statement of Trustees. Responsibilitles Independent Examlner's Report Statement of Financial Artivities Balance Sheet Cash Flow Statement Note5 to the Financial Statements Detalled Ststement of Financial Artivities 2to6 io li 12to20 21
REGisfERED COMPANY NUMBER: 2409902 {England and W#le$l REGISTERED CHARITY NUMBER: 802632 IASTINGS VOLUNTARY AcfioN REFERENCE AND ADMINIStRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023 TrUSTEES Mlke Cornish. Winterbourne Close Resldents Assooatlon Idled Juty 20231 James Johnson. Friends of Africa and the Caribbean in England IFACEI Helen Baffaclough. Education Trainin8 Consortium Dr. Nell Chanfv Hastlngs Chinese Associatlon Mary Carter. Adfam Dawn Poole. Ha5tings & Rother Qedk Vnion Sue Adey, One Voice foundatlon, (recruited Oec 20221 Graharn Goode, Skllls and Learnlng in the Communlty Idled March 20231 Julla Wells, HOPE G IT&ed Nov 20221 COMPANY SECREfARY S J Manwarlni REGISTERED OFFICE Jackson Hall P0èftd Placè Hastlngs Easi SusseK TN34 iqN REGISTERED COMPANY NUM8ER 2409902 IEn8land and Wales) REGISTERED CHARITY NUM8ER 802632 INDEpENDEP EXAMINER Ashdown Hurrry Audltors Lbmbted Statutory Audltors 20 Havtlock Road Hastin8S East sUX TN34 IBP Page I
REGISTERED COMPANY NUMBER: 2409902 IEryland and Wales) REGISTERED CHARifi NUMBER: 802632 HASTINGS VOLUNTARY ACTION TRusfEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 Hastlngs Voluntary Actlon is a company limited by guarantee and a gIStered ¢harlty founded on l Au8USt 1989, and govemed by its Memorandum and Articles of Asstxiation agreed on 16 November 2018. The directors of the company, who are also the trnstees of the tharity for the purpose5 of the Companies Acts. Submit their annual report and financial statements for the year ended 31 March 2023. The truMee5 confirm ihat the annu31 report and financial statements comply wlth current statutory requirements, the requirements of the charity's governing documents and the provi5ion5 of Ststement of Recommended Practice applicable to charities preparin8their attounts in accordance with the Financial Reporting Standard appliCae in the UK and Republic of Irèland IFRS 1021 (effective l January 20151. As set out In the Art5cles of A55o¢latlon, members of the executive committee are elected at the annual 8eneral meetlng. These trustees have the power to co-opt, provided that such coopted members shall ftr comprise more than one-third of the executive commlttee. OBJECTIVES AND ACTlVtriES AIMS AND OWECnVES The ¢harWs objeths I'oblerts'l are speciflcally restricted to the following-. 111 To promote any charitable purposes for the benefit of the Community, primarity but exclu51vety, In the Borough of Hastlngs. and In particular the advancementof education. the protertion of health, the rellef of povetty and to promote soclal Inclusion and social cohesion. 121 To maintain a Councll for Voluntary Service to sup1 the ¥oluntsry and community se¢tor. prlrnarlly but not exclusively, for the benefit ol the peoplè in Hastin8S. 131 To be an advocate for the voluntsry and communlty sector ensudng that the voice of the sertor Is heard and that 8reater understanding of its needs. challen8es and contrlbutions Is 8ained by Its strJte81¢ partners. Revlew of the Year Dvring the reportin8 period Hastlngs voluntary Actlon contInU to provlde a range of services to local and Individuals wishin8 to make a p051tive contrlbutk¥n to thelr local communlty- HVA publlshed the lar8est ever research study into volunteerlng ever undertaken in Hastln85 partnerlng wlth the Institute ol Volunteerin8 Research to Provide an evidence-based volunteerin8 Strategy for Hastings. As a result we are the fSrst pllot area for the roll-out of a new digital platform to enable volunteers to obtsin Informatlon about volunteering opportunities. HVA provided extra support to 147 people who were seekin8 volunteerin8 opportunities in local charities and community or8anlsations. A programme of outreach attivity during the NatSonal Volunteers. Week celebr3tlons combined wlth local volunteedn8 awards celebrated the contrlbutlon of local volunteers. Our work has taken place in a complex and fast-moving gectrpolitical environment which has caused dlsplacement and complex mlgratlon patterns. HVA rolled out a new programme to welcome and resource the Incomin8 refugees from Ukraine and ensure that they had access to baslc servlces Includlng housing and medical care. Our Links project continued to provide a weekly one-StOP-shop to asylum refugees and migrants from all countrles in Ha$tings, and outreach casework in Eastbourne. Advice and support was provided to other or8anisations in the public and VCSE sectors undertakin8 work with refu8ees or asylum seekers. HVA continued to orBanise and chair the Ha5ting5 Communty Hub to bring tO8ether partner5 from all Sectors, to share information, co-ordinate actNities, and deliver a range of Service to vulnerable residents our ensuring that food energy and housin8 Cost support could be accessed. For those with di8ital inclusion Issues we also ran separate initiative Fomi Filling Friday to help people apply for and receive help online. Durlng the year funding was obtalned from East Sussex Public Health to develop via a local Food Network a
REGISTERED COMPANY NUMBER: Z409902 (England and Wales) REGISTERED CHARITY NUMBER: 802632 HAsnNGS VOLUNTARY AcnoN TRUSTEES, REPORT FOR THE YEAR ENDED ai MARCH 2023 OBJECTIVESAND ACVlEs ¢ortlnued Revlèw ol the Year contlnued wlder èpproach to food access and sustainability and a not for profft organi5atlons deslgnated officer is in place to coordinate this. A programme of small grants wa5 given to local groups to help them 8row distrlbute and prepare HVA published the Facing The Future report to identlfy the Strategic themeslssues and trend5 experlenced durlng COVID and the community response to it. Engagement wlth local partner5 led to the creation of an action plan whlch record5 key actbvlty belne undertaken HVA partielpated In research conducted by East Sussex G)unty Coundl to look at measures and methodologies to reduce social isolatlon and the vulnerabilities a550¢1ated with thls.The research phase has led to a new Connectlon Campalgn wlll be launched through a joint effort between partners to better under5tsnd loneliness and social Isolatlon. This will look to reshape and Improve local approaches and explore how communltles across East Su55ex can become better connerted. HVA Sn¢rea5ed the volume of Informatlon that we published. to publlclse sources of support and to help people In the 8orough to keep up to date with chan8es to local servlce5 and latest guidance. We published fortnightly ebulletlns to 170Trtr readers. daily posts to 21Xth facebook followers. Increased the Information on HVA'S website, and started to experiment with short vlde05 as a way to communicate with our beneficiaries. We produced a film to hlghlight and promote the Charities role and services available. HVA undertook specific one-to-one caseworkto SUPPOrt 306 different organlsatlons fadng change to thelr operatlng envlronment. We responded to a broad range of themes includin8 human resources, setting up new organisatlons, wlndin8 down organisatlons, mergers & collaboration, health & safety rlsk mana8ement, organlsatsonal development. flnanclal management, funding advlce. marketln8 and promotlon and data management. A fundin8 advice servlce provlded advice and support to local groups and supported Inward Investment to Hastln85- the most deprfved area In the South East of En8land- leverlng In over £1.45M, and creatln8 or sustalnlng 49 Jobs. HVA contrlbuted to buildln8 the skills and knowledge of local VCS 8roups by Tunnlng 31 training sessions, courses and semlnars- most ofwhlch were free of tharge. Through Its support of Hastlng5 Comfflunity Network. HVA enabled the sectorto represent Itself on key cross sector structures such as the Local Strategic Partnership and other key strategic bodie5. HVA regularly consulted and engaged wlth Its member or8anisatlons on a range of key issues to ensure that Voluntary and Community Sector IVC51 gTOUPS could be advised of major poll changes. Quarterfy networktng events were held to brin8 together a range of organisations wlth a view to improving local ser¥ice delNery and referra15 between them. These took the form of themed events coverlng toplcs ch05en by local organlsatlons or the popular.open mid sesslons whlch gave groups an opportunlty to promote services or projects. debate Current issues and reflect of what was brlng leamed. We worked collaboratively with the Leader of Ha5tings Borough Council to present and Involve local organlsatlons In the BudEet and Strategic plèn priKess. HVA also supported the development of a strategic alignment between East Sussex County Council and the leaders of Voluntary Community and Social Enterprise Sector. Known as Partnershlp Plus this work has SUPPOrted work streams to improve workforce development, commlssionin& and cr055 sector knowledge and Page 3
REGisfERED COMPANY NUMBER: 2409902 {England and Wales) REGISTERED CHARITY NLIMBEft: 802632 HASTINGS VOLUNTARY ACTION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVÉS AND AcnviriEScont1nd Review of the Year continued HVA also supported the development of a strate8ic ali8nment between East Sussex County Council and the leaders of Voluntary Community and Social Enterprise Settor. Known as Partnership Plus this work has supported work streams to improve workforce development, commissionin& and cross sector knowledge andunderstanding. Thls work has resulted in the publication of research conducted by the Institute of Voluntary Attion Research examining the economic contribulion of the VCSE in East Sussex. HVA was an active member of the East Sussex VCSE Alliance engaging wlth VCSE leaders on a countywkle basls. HVA worked with NHS partners to plan to rneet the dwllenge5 Qfcommunity and voluntary sertor involvement at a strategic level. During the reporting period HVA was a member of the East Sussex Strategic Partnership brin8in8 together senior leaders from the business communlty, public sectorand voluntary sector. WÈ also offered advlce to strate8ic partners about the invofvement of the VCSE sertor and the structures in place to facilitate this. Thè Charlty actéd as thè Locally Trusted Or8an15atlon supportin8 a pro8ramme of communlty Involvèment and declslon maklng In North East Hastlngs, one of the most deprlved parts of the Borough. We also developed prolects and local Initiatlves u51n8 the methodology of Asset Based Communlty Development via our Making it Happen prolect. To acknowled8ed the lon8 Standln8155ues of Health Inequalities within the borou8h- and particularly the avera8e life expectancy between Men and Women- HVA obtained over £4LKJ.CKKJ from Publlc Health to deliver a 3 year programme of actlvlty focussln8 on men's heath and thelr invofvement In projects to improve wellbeing. We also rolled out a programme of work invo16 community champions as part of the national CONNEcf20+ programme to increase awarene55 of the impact of cancer. diabetes, heart and lun8 conditions and CPD. HVA supported the continuing development of the Educatlon Futures Trust by actln8 as a Trustee and has helped support its servlce for children, schools and families. During the reportin8 period this tharity expanded and opened The Flfs to create a speclally deslgned space for outdoor learnln8. Durlng the year HVA worked as part of the Town Deal Board and investment panel to dellver the Town Deal programme for Hastings involvin8 a projected investment to the 8orou8h of £26.2 million. We also supported the roll out of over £lm as part of the investment panel for the Shared PrperIty Scheme. HVA were appointed by the charitles Commlsslon as the corporate trustee to oversee the disws?l of the assets of an Older People's Charity. Throu8h an Intensive piece of partnership* a newly refurbished centre was opened to provide services, advice and lelsure opportunities for older people and the wider community. HVA contlnued to provide affordable hi8hquality accommodation to 6 other not-for-profit organisations including those working with carers. children. people with learnin8 disabilities, and people wh mentsl heafth Issues. HVA also mana8ed meetin8 spaces in Hastings town centre for over 5(Kl sesslons. A bursary scheme was operated for newly formed groups to atcèss meètln8 Spate free of charge during the eady sta8es before they obtalned finance or fundin8. Pa8e 4
REGISTERED COMPANY NUMBER: 2409902 IEn8land and Wales) REGisfERED CHARtrY NUMBER: 802632 HAsfiN65 VOWIARy ACTION TRusfEES' REPORT FOR THE YEAR ENDED 31 MARCH 2013 OBJECTIVES AND A1V[riES contlnued Public benefft The quirementS tor reporting public benefit In an annual report are that the report will tontaln: il a report of those activities undertaken by a charity to further Its charitable artivltles for the public benefit, and lil a statement by the charfty trustees that they have due regard to public benefft guldance published by the Charity Comrnission. The guldance sets out two key prlnclples which need to be rnet in order to show that an oryanlsation's alms are for the public benefit; 11 there must be an identifiable benellt or benefits. i.e. the'benefit" principle, and 111 the benefit must be to the public or a section of the publlc. the "public" prlnciple. The trustees refer to the guldance in the Charty Commission's 8eneral guidance on Publlt Beneflt when revlewlng the aim5 and objertives of, and In planning. actfvitles. The trustees endorse these key principles of public beneflt, and reflect them Into alms and objectives of the artivf(ies they have set. HVA typically dellvers on these objectlves through deliverfng on the Natlonal Assoclatlon for Voluntary and Community Action INAVCAI stsndards. Our servlces are monltored and reviewed quarterty to ensure seDlce delrvery meets alms and objectives. Through the activities detailed In thls report. and In other Ilteratufe and newspaper articles. on HVA'S web51te and throu8h soclal media, the trustees show that the actlvitles undertaken by HVA to further its charitable activitie5 are, and are duly reported as beln& for the public benèfit. STrATEGIC REPORT Flnanclal revlew Flnanclal posltlon The statement of Flnanclal Attlvltles shows an overall surplus for the year of £130,43012022'. £141,4521. Reserves ot 31 March 2023 were £461,167 of which £311,690 were Restrirted Funds and £10,000 were Designated Funds. The general fund reserves stsnd at £139.47712022.. £121,865). The general fund balance Is held as a contingency In the event of the core fundlng bein8 Withdrawn and is held to cover the Ilkely costs arisln8 therefrom.The prlncipal fundln8 of the charlty contlnues to be by way of grants reteNed from various statutory bodies, as detslled elsewhere in thls report. RESERVES POLICY Hastings Voluntsry Actlon has a Reserves Pollcy whkh addressed Issues relating to Its obligations to the upkeep of its assets, supporting existing projects for fixed periods vntll funding is secured, meeting the cost of redundancy of staff should the occaslon arlse and a general reserve for the cover of management and admlnlstrallve costs in unforseen cirtumstance5 or in the event of a winding up of the or8an15atlon. The statement of financlal actlvities refiects the level of reserves as at 31st Marth 2023. STRUCTURE. GONERNANCE AND MANAGEMENT R•¢rulknent •nd ¥ppolntment ¢rf newtn4t Hastln8$ VoluntaryAcllon is a mernber organi5•tron and its Tru5tee5 are elected from a t4Qte ol all reglstered rnember or8anlsatlons In ottendance •1 Its Annual Gener•1 Meetlng. HVA 15 proud to be a"user4ed- organi5aOn Inthat over 50% (ln fau all) of It5 trustees a elected frorn it5 benefklary 8roup. The management of the thartty is the reSpOnbIlIty ol ihe rrustee5 vkno are elected under the tem5 of the trust deed. The trustee5 may appolftt a person who Is l11Th8 to art as a irustee. eitherto fill a vacancy or to i¢t as an additional trustee. provkled thatthe apptnI does not cause the number ot iru5tees to exceed the moxlmum number. Generalty, only persons who are representatlves of member organisati¢Jns of Ha5ting5 Voluntary Adion are ellglble to become trustees. but the Management 8oard may any tlme fQryOPt other per50n% whether or not represeniing a member organlsatlon, provlded that such wpted rnembeT5 shall never (ompri5e morethan one-thlrd ofthe Mar*Yment goard. None of the charlty's trustees recelve any remuneration. Page 5
REGisfERED COMPANY NUMBER: 2409902 {England and Wales) REGISTERED CHARifY NUMBER: 802632 HASTINGS VOLUNTARY ACTION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Organlsatlonal Strture The Board of Trustees meets on a quarterly basls. h4endas are approved by the Chalr of the Board and paper and report are issued to trustees prior to the meetin8 where possible. Decisions made by the trustees provide strategic dirertion. with some authority delegated to the Director and other staff members. An Officer5 group consisting of the Chair, Vice Chair and Treasurer also meet to consider any matter5 arising from board meetings. Task and finish groups are also deleBated certain tasks relating to HR. Ail Trustees and staff attend a strategic planing session each year. Rlsk man48ement The Trustees of Hastings Vuntary Action recogni5e their obli8alions to identify. manage and mitigate ?115trateglc, operatlonal and technical risks facin8 the or8anisation. HVA recognise the need to have a planned and systematlc approach to risk. Therefore. a comprehenslve risk register has been created. and a'lead" rlsk trustee appointed to ensure that thls Is re8ulady consldered by Trustees at each meeting. Arrangements for Health & Safety monitorin8 and r15k management are in place and have recently been externally audlted. Indurtion and tralnlns of n•w trustees Induction processes are in place for new trustees whith consist of brleflrrfd and Snduciion materlals. We have recently refreshed a Trustee skills audit which continues to inform our plans for further trainin8 and development. Occasslonal skills audlts are utillsed to Inform development needs and highlight saps. Staff & Volunteers Durlng the reportlng perlod the Charlty has employed an average of 15 staff across the year and 3 volunteers have regulady supported HVA'S main ser¥lces. Additlonal capacity has been deployed In the form of freelance "associates" who have undertaken specific work on des4qnated projects. P•rtnershlp HVA prldes lts•llty) wtsrln8 In partnershlp, Ind Is In • stron8 to bri8 different Ne•niuilonstO8•thtr to work toward5 shared alms. HVA works c105ely wlth RotherVoluntaryA(tlon and 3VA lthe other VCS Infrastrucwre organlsatlons In East Sussexl on varlous projerts. Addltlonally. HVA has an ory•nlsaikn)al oblerte to a¢ty•C¢ inward Investment to the Borough and wlll xtlvety lorrn con50rtia or partner5hlp affan8ements between loczl orlan1tiOn5 to achieve th1& Wtih thls In mlnd. the Dlrector ol HVA and other Staff attend local and county rneetlngs to de•elopand extend partnership work. DurlnBthe reporring period the Dlrector ol HVA Lted as Chair of the East sussex 5tr•te8ic P•thership brin81t06tlbeI the County, DiAriCt and Boiou8h Councils NHS, Su$sex Police. Flre and Aestue Servicè. Lotal Enttrprist Partnership and Voluntary Sector leadets. To support the broadest possib partnership activity HVA faolitates the Hastings Comfflunity Network whKh brings tO8ether VCS or8anS5?Ilons. Quarterly sert01-e events are ornL$ed io do thts In an open and Indu51ve wav HVA contlnued to or8ani5e and chaKthe Ha5tln65 cmnIty Hub to brine to8ethu partners frorn Ill setton, to share Informatk¥n, CordInate actfvltles. and delfver a range of 5ervlce to ltble residents our ensurkngthat fcod energy and hou51n8 C05t 51PPOrt could be wcces5ed. Trust ' report Incorporatlng a straiegk repo¢ approved byorder ofthe board of trustees, as the Company d*ectors. and $Tred on the boaid's behalf bv- M Carter- Trus Page 6
REGisfERED COMPANY NUMBER: 2409902 {En8l•nd and Wal•$) REGISTERED CHARThY NUM8ER: 802632 HASTINGS VOLUNTARY ACTION STATEMENT OF TRusfEES' RESPONSIBILrrES FOR THE YEAR ENDED JI MARCH 2023 The Iru5tees are responslble for preparlnlthe Trustees, Report and ihe finandal staterrthts In accordan with applicable law and United Klngdom Attouniing Standards Iunited Klngdom Generalty Attepted Attountln8 plalee). Includlng Flnancial Reporting Standards 102 Ihe Reportyn8 Standard appl¢cable in the UK and Republtc of Ireland". The law applitat to tharities In England and Wales. the Charities Act 2011, Charity (Accounts and Report51 Regulatlon5 2008 and the provisions of the trust deed requlres the trustees to prepare financrdl statements for each finanoal year which give a true and fair view of the state ol the affair5 of the charity and of the incomrnB re50urce5 and zppllcalkjn of re50urees, Includlng the Income and expenditure, ofthe chartty for that perlod. In preparfi those financi?1 statements, the tru5tee> are required to - select sUable accountln8 polldes and then apply them ¢on51stently, -observe the methods and prindples In the Charity SORP- make judgernents and estlmates that zre prudent; - prepare the flnanclal slatements on the goln8 concen basls It 15 Inapproprlate to presume thatthe tharlty wlll contlnue In buslness. The trustees are responslble ft*r keeplng proper aCCnn reccrts whkh dlsdose wh reasonable accuracy at any tlme the flnanclal posItOn of the charlty and to enable them to ènsure that the flnantlal statements eompty wlth the Chartles Act 2011, the Charlty (Accounts and Reports) Re8ulations 2008 and the pro510n5 of the trust deed. They are also re5ponslble for safe8uardln8 the a5sels of the charfty and hence for tsklng reasonable 5tep5 for the preventlon and detectSon of fraud and other Irre8ularftles. Page 7
REGISTERED COMPANY NUMBER: 24119902 IEryland and Wales) REGisfERED CHARITY NUMBER.. 802632 INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES OF HASTINGS VOLUNTARY ACtION I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023, which are set out on pages nine to twenty. Responslbilknes ond basi5 of report As the charivs trustees of the company land also its director5 for the purposes of company lawl you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companles Art 2006 I'the 2¢J06 ACVI. Havlng satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eli8ible for independent examlnatlon, I report in respert of my examination of your Charit$ accounts as carried out under section 145 of the Charities Act 2011 Ithe'2011 ACVI. In carrying out my examlnatlon I have followed the Dlrections given by the Charlty Commission under section 1451511b) of the 2011 Act. Independent examlnerf5 report Slnce the compan5 8ross income exceeded £250,CW your examlner must be a member of a body listed in section 145 of the 2011 Art. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in En8land and Wale5, whith is one of the listed bodies. I have completed my examination. I conflrm that no matters have wme to rny attentlon in connertlon wlth the examination giving me cause to believe: - accountlng records were noi kept irs respect of the company as requlred by sertlon 386 of the 2CM)6 Act; or - the accounts do not accord with those accounting records,. or - the account5 do not comply with the accOunn6 requlrements of section 396 of the 2006 Act other than any requirement that the accounts 8ive a'tme and fairf view which is not a matter considered as part of an independent examinatlon,. or the accounts have not been prepared in accordance with the methods and prlnclples of the Statement of Recommended practice for accounting and reporting by charities lapplicable to charities preparing their accounts In accordance with the Flnanclal Reportin8 Standard appllcable In the UK and Republic of Ireland IFRS 10211. I have no concerns and have come atross no other matters in connectSon with the examlnatlon to whlch attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr S R Sampson FCA FCIE DCILA Ashdown Hurrey Audltors Limited Statutory Auditors 20 Havelock Road Hastin8S East Sussex TN34 18P Date.. 19 September 2023 Page 8
REGISTERED COMPANY NUMBER: 2409902 IEnglarbd and Wales) REGISTERED CHARITY NUMBER: 802632 HASnNGS VOLUNTARY ACTION STATEMENT OF FINANCIAL AcfiviTIES Indudlr¥ Income and Expendlture Account FOR THE YEAR ENDED 31 MARCH 2023 31.3.23 31.3.22 Unre5trTrcted Funds Re5trirted FuThls Total Funds Total Funds as restated Notes INCOME ANO ENDOWMEiifs FROM Donatlons and le8acles ChaTlt•ble •cllvWes Operatlon of tharltable se¢¢$ i0iX68 582,463 683,531 583,680 214.020 214.020 203,777 Total 315.088 582A63 897551 787.457 EXPENDrruRE ON thirkable athvttlej Operatlon ol charltable servlces 283.776 469,645 753.4ZI 633.781 Other 13,7C 13,7C 12,224 T•t•l 297,476 469,645 767,121 646,CQ5 NET IPKOME 17.612 112AI8 130.430 141,452 RECONaUATION OF FU140S Totsl funds broutht torw¥d 131.865 198,872 330,737 189,285 TOTALFUNDS CARRIED FORWARD 149.477 311,6XI 461,167 330,737 CONTINUING OPERATIONS All In¢orne and eXpendItu has arlsen from ¢oniinuln8 actlvltles. TTrwnotes forni port of11 finala1 5fatemerrtS PaBe 9
REGISTERED COMPANY NUMBER: 2409902 (England and Wales) REGISTERED CHARITY NUM8ER: 802632 HAStINGS VOLUNTARY AcnoN BALANCE SHEEr AT 31 MARCH 2023 31.3.23 31.3.22 Note5 CURREMf ASSETS as restated Debtor5 Cash at bank and in hand io 102.775 420.581 523.356 150.031 214.628 364,659 CREDITORS Amounts lalling due wh1n one year li 162.1891 133,9221 NET CURRE1 ASS 461.167 330,737 TOTAL ASSEfs LESS CURREPff LIAOILMES 461,167 330,737 PROVISIONS Provlslgn for penskth dtfitft 15 12.2371 13,5101 NEfASSETS 458.930 327,227 FUNDS Unrestrlcted funds: General luDd Desl8nated funds.. Leose and malntènance Restri¢ttd funds 13 139A77 io,c4Jo 311.690 121,865 10,000 198,872 13 461.167 330,737 Pensltsn Fund Deflc 15 12.2371 13,5101 TOTAL FUNOS 458.930 327.227 The chaTltable ¢ompany15 eIrtIed to exernptlon frorn alIt under Section 477 of the Companles A¢t 2CQ6 for the year ended 31 March 2023. Thè mtmbèrs havt not rtqulred the charitable CoMnY to obtsin an audlt oflts financijl ststemerts for the ye•r ended 31 March 2023 In accordance wlth Section 476 of the Companies Act 2(Kl6. The trustees acknowledge thelr re5pon5ibilthe5 for ensurlng ihat ihe ChartsIe coffyny keep5 ar¢ounnI fetords that comply wilh Se¢tlons 386 and 387 ofthe Companles Act 26 and preparing financial statements whKh 8Ne a t and falr vlew olthe state of affalrs of the charitable company as at the end of each finarKial year and of its surplus or deficlt eath financ1 year In attordante with the requirernents of Seth'ons 394 and 395 and whkh otherwSse Comp wrth ihe requirements of the Companies Act 2C*)6 relatin8 tofinancial ststements. so far a5 applicable toihe Charble companv. These financial ststements wtrt approved Board of Tritstees on....._. on nd were M Carter-Tru uth- Truste P88e 10
REGISTERED COMPANY NUMBER: 2409902 IEnglarMI and Wales} REGISTERED CHARITY NUM8ER: 802632 HAsnNGS VOWNTARY Acncwl STATEMEIU OF C45H FLOW5 FOR ThE YEAR ENDED 31 MARCH 2023 Table I: Statement of Cash Flows Total fvnds Currentyear to 31.3.23 year Note as restated Cash flows from operatlng actlvltles.. Net cash provided by lused inl operatln8 actl7•11Ses 205.296 21.720 ITable 21 Cash flows from Investlng attlvttles: Oank Interest Net cash provlded by lused Inl Invesiin8 actmtles 657 Cash flows from flnan¢ln8 aCtIvlts'. Change In cash and cash equirdlents In the reportlng perlod Cash and cash equlvalents at the beglnnln8 of the Teportln8 pedod Chan8e In cash and cash equfvalents due lo exchange rate movements 214,628 I92.8 (Table 31 Cash and cash equlvalents al the end of the reportln8 perlod 420.581 214.628 (Table 31 T•ble 2: Re¢ondll•tlon of fi•t IncoM•/{expendlr•j to not cash flow from operatlw artlvltles Curvent •r to Pre0$ year 31.3.23 a5 restated Net 1ncomellexpendltuj for the reporti period la5 per the statement of flnanclal actlvftlesl Adjustments for: Oepreciatlon charges (Gainslllosses on investments Dlvldends. Interest and rents from Investrnents Lossllprofitl on the sale of fixed assets Ilncreaselldecrease In Stocks Ilncreaselldecrease In debtors Increaselldecrease} in creditor5 Net cash provided by Iu5ed in) operation a¢tivféies 130A30 141,452 16571 1181 47.256 28.267 205.296 177,8631 141.8511 21,720 Table 3: Analysls of cash and cash equlvalents CTht ye¥to 31.3.23 Prewous year as feststed Cash in hand Notlce depoSS (less than 3 monthsl Overdraft facility repayable demand Total cash and eqyfvalents 339,470 8j.iii 183.789 30W39 420,581 214,628 P•8e li
REGisfERED COMPANY NUMBER: 2409902 (England and Wales) REGIStEftED CHARrri NUMBER: 802632 HA5TINGS vOLuPARy AcfioN NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2QIJ STATiITORY INFORMAnoN Hastlny Voluntary Action ts an Incorporated thariry, limited by guarantee. regere in EnKlJnd & Wale5. The ch4rlly'5 re£lstered number and reBistered offKe address ¢an be lound in the Retwyt of the Tru5t¢o. ACCOUNT114G POLiaÉs easls of pr•parln8th• fln•tr1 si•tem The flnanclal 5tatement5 of the charilable company. is a public benefit entity der FRS 102. have been yepared In ccordance w(th the Charities SORP IFKS 1021'A¢cotsntin8 and Reporting by Charities.. Statement of Recommended Practlce applicable to fharities preparin8 thelr accounts in accordance with the Flnancial ReP)rtI Standard applicable in the LIK and Republlc of Irdand IFRS 1021 leffects¥e l January 20151.. Financial Reportiw Standard 102 The Financial Reportln8 Standard appllcable In the UK and Republlc of Ireland, the clP•nIeS Art 26. The Ibnawal ststements hav• beén prnpared undei thè hlstorlcal tost conventlon. Goln8 Con¢•m There are no material uncertaiThties in relati to the charrtvs ability to coniinue as concern. Thesefinanci41 statements ha¥t thértf¢rè been Pftwed ¢)n th 801ry8 concern ba$6k Income All Incom¢15 recognised in the Slatemenl ol Flnan¢knl Actr¥ities i(harIty has enthlementto tho fund8 It Is probable that the income wlll be recefved and thè annI be measured reNabty. Exp•fidltur• Uabilities are recogn15ed as expendktwe 35 500n as there is a It8al or conrtrudfve obhgatlon cLvnmittlng the charlty to that expenditure. it is probable thal a transfer of e(c0m benefrts wlll be required in settlement and the affljnt of the obll8atlon can be measured reliably. Expenditure Is a¢¢ounted fof on an ¥ccruals ba$15 and has been classified under headln8S thii ag81è8e all cost rdaied to the cate80ry. Where costs cannot be be dirertly attrlbltted to partkular headln8S they have been allocathd to attlvltles on a bsL ¢onsist•nt wlth th• use of resoww. Allo¢atlon and appordonm•nt of t¢} T3x8tlon The charlty Is exempt from corporatlon tax on Its tharttable aaMtle5. Fund •ttountlni Unrestrlcted funds can be used in •c¢ordan¢e with the charttable OblertS at the diScreOn of the tru$tees. Restricted lund5 can onty be used for partlcular restrkted purFtyJses 7•rithin the obJects of the thority. Re5trictlons ar15e when speclfd bytht donor orwhen fund5 are ra15ed for partKular restricted purposes. Further explanatlon of the nawre and purpose ol each fund Is Induded kn the notes ioth¢ flnJncW statements. pen0 ¢osts and other port.r•tlr•mwrt b•rMffts The charitable company currently operates defined contrlbutlon $Ill sdmes with NEST¥nd the penonsTrU5t Co.. Contributions paY?e to the charltsble companls penslon stheme •re thar8ed io the St¥rement of Anandal Actlvltles In the PEriod to whKh they relale. The charity has prevIou¥ operfed a purthase scheme, adMNe1ed bythe Pens#)nsTrust Co. Thls scheme Is now c105ed and wès a multi*mployer Growth Flan defined benefit pension stheme. DONATIONS AND LEGAaÉs 31.3.23 31.3.22 a5 restated Grants 683.531 583.680 Page 12
REGISTERED COMPANY NUMBER: 2409902 (England and Wales) REGISTERED CHARITY NUMBER: 802632 HA5TINGS VOLuKfARY AclloN NOTES TO THE FINANCIAL STATEMEPlfS {contlnued) FOR THE YEAR ENDED 31 MARCH 2023 It4COME FROM CHARifABLE ACTMTIES 31.3.23 Operatlon of thadtab actmdes 31.3.22 Totsl attfvitles as restated 203.759 18 203.777 Rent and manaymtnt fees Investment income 213.363 657 214,020 CHAR ALE AcnvmES COSTS Dlrett costs Support costs 1S¢e note 61 Totals Operatlon of charltable serthces 753,421 13,7LKI 767,121 SUPPORT COSTS Govemance costs Other regources expended operaon of charltable ser¥lces 13,700 13,700 Support costs. Induded in the above. are as follows: G+)¥ernan¢•<osts Other Operation of charitable seN¢es resources expende(I 31.3.23 31.3.22 s restated 7,936 1,288 Managernent & adfflln sals Pen510ns 7.936 1.288 IA76 7,936 1,288 1,476 AGMIAnnual ¢ontsrerb¢e Independent examlnerfs lee 13.7 13.700 12.224
REGISTERED COMPANY NUMBER: 2409902 (England and Wales) REGISTERED CHAIIITY NUMBER: 802632 HASTINGS VOWNTARY ACTION NOTES TO THE FINANaAL sfATEMEritS (corrtinued) FOR THE YEAR ENDED 31 MARCH 2023 NET INCOMV IEXPENDITUREI Net Incomellexpendliurel ts stated after dwr81wllcredIn'. 31.3.23 31.3.22 as restated 3,IXJO Independent Examlnevs remuneraiion TRusfEES' REMUNERATION AND BENEFThS There were no trustee5' remuneration QT other benefits for the year ended 31 Marth 2023 nor for thè year ènded 31 March 2022. There were no trustees, expenses pald forthe year ended 31 March 2023 nor for the ye¥ ended 31 Marth 2022. STAFF COSTS 31.3.23 31.3.22 as rertated 199.228 I8,Cl Wages and salaries Social stturliv 177.79) 34.345 Employees Contribution to defined contrfjbutlon penslon stheff5 Other penslon costs 17,955 1,288 231,378 11,09Z 1,288 229,609 The averay monthly number of employees durln8 the year was a5 folknws: 31.3.23 31.3.22 as rèstated 15 Hastings VoluntaryArtlon Employes 17 31.3.23 31.3.22 Key management personnel as restated 48,843 Total ernployee benéfLts fof kty management personnel 50,903 N? empbyees reoNed enlUments In excess of £60,0(K). Page 14
AEGISTERED CCthIPANY NUMBER: 2409902 IEnoland and Wales) REGisfERED CHARfTYNUMBER: 802632 NOTES TOTHE FINAIICIAL5fATEMEpif5 l¢oniinued) FOR TNEYtAR ENDED 31 MARCH 2023 3L>ZJ 31.3.22 Trtde debttrs PreYMents Fund5 due from other0ry4s¥ty0•ffj 49A31 4530 ¥670 150,031 8,485 101775 Fund5 duefrom Other0rMI1n Incarn $LdIt 31.3.23 Atl.4.12 expen&d eldcffl h101F0TQp meon bo1101 M¢T 24 154.423 11 CIEDITORS..AMO(tPlTSFALLW46 Wmiiii Y¢AI 31.3.23 31.J.22 Trndecredhors Aterd•Tr5 Fundsh•kl onbehlfoloth•riYwhathird 346 YJ.247 62,189 .576 33.9ZZ Fund5 cn b•hilfofothwffj•1knr" Fund4t Jl.3.23 Al 1.4.U teldon iwICmNI¥(4nty•j 5A56 behiNolcw4rh Hqld th behiKDICukLwSP U75 IL175 H•ld on b•hiff ol DA4 811 10.0 118 eld Oh) b•h4WalFroLIuoFITdty eld M beh4WotGen¥n8•lX Frysjm 4716 IdtyTr 3U) 2425 33.677 •h1on bth4Wof SCUF 730 Hdd Meld M be14151r•ryhPJty Held on Ji L5 L262 beWQfwelthÉlrffj Hth- EFT Il•ldoTh bÈhaWolWt*st 30576 3K),4 13SI.825 59.247
IIEGISTERED COMPANY NUMBER: 24099021England and Wales) REGISTERED CHARrrY P4UM8ER: 802632 HAsfiNGS VOLLPNTARY ACTION NOTE5 TO THE FINANaALsfATEMElff (cothu FOR THE YEAR ENDED 31 MARCH 2023 12 OPERAMNG LEASE COMMITMENTS: Minimurn le payrnents under ncrfKarbcellable orratlry k•se5 fall <kas fdlows.. 2023 Wlthln l year Laierthan l year and not later than five yars Later thon fl¥e yeOfS 1.691 2.9f) 13 AP4ALys OF NET ASSETS 8ETWEEN FUNDS 31.3.23 31.3.22 Unr•styirt•d Funds R•strfrted fuNIs Total fund5 Totsl fund5 as restated 364,659 133,9221 330,737 Current assets Current 11a1lt$ 211.666 1611891 149.477 311.690 523,356 162.1891 461,167 311. 14 MOVEMEIITIII FUI Pmlerts in d•fidl It 31.3.21 lsee Funds hdd •t31.32J Al 1.4.22 Unv•A Getyeril fufid DeY8nared fw 12L865 io.ox) 315 1297A761 139,477 T4 R•ttrJct•d Bt8 L11 Tntst Central Hall EKC COMF Fundlni ESCC Ccrnrnurthy Aerth¥•l Fund eSCC Core 20 ESCC Men Vnlled 19.104 15L384 116,6891 1303321 05961 132,1611 157.%81 12SS1 14.7851 140,5141 I(64) 18,%71 79.192 114A891 37.137 1671 25,t 29.976 40.JB7 375 Goléen Thrtad Unks Makin6 It Happen M•nt41 H11 Loc41 Fu1 NASP NAVCiGrant Publi< Health & Commuthity Hub Ukraine 5wport Project VdunteerSn8 135 20,271 ioAx) 50.0 9.581 15,269 45516 13,1191 11821 io.(K 47.ln 7.655 xo 445 17.4731 117W61 121,2051 4.314 3L418 Total R•srAtt•d Funds I.872 5U465 1469.6451 J20.657 18.9671 TOTAL FUIIDS ixe. Restricted fvnds reLgte togr•ntfvnded woJe£ts Med b¥ TtsC¢nir41 Hall fvnd Is In defiot¥ the repth pffitid asa r•MAt ofdsn4xkn iotht usethI$ folknvkn¢fioodln8 •wr*rKed int• town Page 16
REGlSfERED COMPANY NUMBER: 2409902 IEryland and Wales) REGISTERED CHARITY NUMBER: 802632 HASTINGS VIXUNTARY ACTION NOTES TO THE FINANCIAL STATEMENTlcontlnuedl FOR IHE YEAR ENDED 31 MARCH 2023 15 PROVISION FOR UABiimes Pro$1¢n for penslon Ilability Scheme.. TPT Retirernent Soluti0Tr5- The Growth Han Background ITh¢ Nat6onal Plttiirel The tharlty partScipates In the scheme. a multimplry¥er schwne whkh provldes benefrts to some 638 non. aS50ciated particpating employer5. The scherne is a defined benefft scheme in the UK. It Is not P0$51ble forthe charity to obtain sufficlent information to enable it to account for the xheme Js J defined benefit scheme. Therefoit. It accounts for the stheme as a defined conirlbutlon scheme. The scheme Is sublect to the fvndlng leglslatlon outllned In the Pensions Act 21JM whlth came into force on 30 Decernber 2005. This, tQ8ether with documenis Issued by th Penslons Regulatof and Technical Actuarial Standards issued by the Flnanclal Reportln8 cou11. set out the framework forfvndln8 defined benefit ¢xcupationil peD5ion schemes In the UK. The scherne Is cla551fied as a'last-man standlng arrangement,. Therefore the chadty Is potentlally Ilablt for other partlclpatln8 employers, obllrdtlons If those employers are unable to Meet their Share of the stheme deficit followln8 withdrawal from the scheme. Parti¢pating employefs are legally requlred to rneet thelr share of the sthemt dellclt on an annulty purchase bash on wSthdiawal Irom the xheme. A full actuarSal valuatlon for the 5theme was carrièd out on 30 September 2020. Thls valuatSon showed assets of £800.3m, Ilabllltles of £831.9m and a defic of £31.6m. To ellrnlnate thls fundln8 shortfall. the Trustee has asked the partlclpztlng employers to pay addltlonal ContbutionS to the scheme as follows.. Oeficit contributions From l April 2022 to 31 January 2025 £3,312,) per annum (payable rnonthtyl Unless a concessloft hos been a8reed wlth thTrustee the terni to 31 january 2025 applles. Note ththe stheme's previous valuatlon was tarried rWIth an effecte date of 30 September 2017. Thls valuatlon Showed assets of £794.9m, liabilille5 of £926.4m and a deficli of £131.Sm. To elimlnate th15 fundln8 shortfall, the Trustee has asked the partlclpatkn& employer5 to pay addilionjl ¢ontributions io ihe s(heme as follows; From l Aprll 2019 to 30 Septernber 2025 £11,243.OfM) per annum (payable rnoThth and Increan8 by 3% each on 1st Wll Th¢ recovery plan contrlbutlons are allocated to eath parUdpattn8 employer In line with their estlmated share of the Serle5 1 and Serle5 2 xheme liabililiè& Where the scheme is In defitit and where the charfjty has agreed to a delkii fvndin8 arrangerrtrEnl the rharitv recognlses a liabSllty lor this obligation. The amount recognised Is the net psent value of the deficit reductkn contrlbutlons payable under the agreement that relate to the deficf£. The prent value is calculated usin8 the dlxount rate detsiled in these dlstlosures. The unwlndin8 of the dlscount rate is recognised as a financt Cost. p1?
REGISTERED COMPANY NUMBER: 2409902 (Enzland and Wales) REGISTERED CHARITY NUMBER: 802632 HAsnNGS VOLUNTARY ACTION NOTESTO THÉ ANANCIALSTATEMENT1frdTred1 FOR THE YEAR EI4OED 31 MARCH 2023 15 PRESENT VALUES OF PROV1S1014 Impact on Hastin8s VoluntaryActk 31.3.23 31.3.22 31.3.21 Present value of prow5ton 2,237 3.510 26.593 RECONCIUATION OF OPENING AND CLOSING PROWSIONS Period endin8 31.3.23 Period endin8 31.3.22 Provlslon at the start of the period Unwindin8 of the dixount factor Deficli conirlbutlons paid Rtmeasufements. Impatt of any change In assumptlons Remea5uremEnt5- amendments to the ContriklIOn schedulè 3,510 26,593 153 16,7301 1811 116.4251 11.2791 provion at end of perK 2.237 3,510 INCOME AND EXPENDvRE IMPACT Perknd endln8 31.3.23 Perlod endlng 31.3.22 Interest expense 153 Rèmeasuremenis. Impact of any thange In assumptlons 1811 Remeasurements- amendments to the ¢ontrfbutlons sthedule 116.4251 Contrfbutlons pald In respect of future servlce" 4,928 Costs recognised in in¢omÈ and èxpendlturÈ attthjnt 11,657 'intludes defined contrlbutlon sthemes and future servlce contrlbyYon5 li.e. excludin8 any deficit redurtion payments) lo dellned benefit schemes which are treated as defined contribution schemès. 3,330 ASSUMPTIONS 31.3.23 % per annum 5.52 31.3.22 %per annum 2.35 31.3.21 per annum Rate of discount 0.66 The d15count rates shown abo¥e afe the wuSvalent single discount rates which. when ustd to discountthe future recovery plan contrlbutlons due, would 8Ne the sarne results as USI a full M corporate bond yield cuThe to discount the same recovery plan c0ntr1bulkn.
REGISTEREO COMPANY NUMBER: 2409902 IEn8l•nd •nd Wale5) REGISTERED CHARrrY NUMBER: 802632 HASTINGSVOLuKfARY ACnON 140TES TO THE FINANCIAL STATEMENT{coTrtlnuedl FOR THE YEAR ENOED 31 MARCH 23 15 DEFICIT CONTRIBUTIONS SCHEDULE The followln8 schedule detalts the defftdt contrlbutlons aereed between the charlty and the scheme at eath year end perfod: Yèar endln8 31.3.23 31.3.22 31.3.21 Year I 1,279 1,279 1.279 L(6 6,730 6,931 7.139 6.128 Year 2 Year 3 Year 4 The company must reco8nlse a Ilablllty measured as the present value of the contrlbutlons payable that arlse from the deficit recovery agreement and the resulting expens• In the Income and expendlture account, l.e. the unwindin8 of the dixount raie as a financè cost In the per4od In whlch rt artses. It Is these contributions that have been used to drlvt the tharlty's balanct sheet Ilablllty. 16 RELATED PARTY DISCLOSURES There were no related party transactlons for the yeaf ended 31 March 2023. 17 PRIOR YEAR ADJUSTMEMT The prlor year financial statements Intluded funds hehl on behaw of other or8anr5ations, overall there wos a restrlrted lund deflclt In relatlon to these funds iotallln8 £65,494. It has been identlfled that these funds are not in facl restrirted funds of HasrbS VolvntaryAetk+n wrth the charlty holdln8 these funds on behalf of other orBanisations.They therefore have been removed from the reserves of the charty for the prevlous accountln8 period removing these transaetions from the statemert of ffnanclal actlvltles and including them as debtors and utdltors In the financlal stateffnts. PaRe 19
REGISTERED COMPANY NUMBER: 2409902 {En8land and Wales) REGisfERED CHARITY NUMBER: 802632 H165 VOLuMfARY AclloN NOTESTO THE FINANCIALSTATEMENf (etmtlnuedl FOR THE YEAR ENDED 31 MARCH 2025 17. PRIOR YEARADJUSThIENT contirwed Prlor to the above noted adjustment, Debtor5 at 31 March 2022 stood at £165.564 and Creditors £3.345. The restated totals are £150.031 for Debtors and £33.922 for creditors respertively. Restricted reserves prlor to the adjustment at 31 March 2022 were £244,982 and are restated to £198.872. Charity income was previousty £996,466 and is restated to £787,457. expenditre was previously £853,547 and is restated to £645,005. The surplus for the year ended 31 March 2022 wa5 previously £142.919. followln8 the prior year adjustment thls Is amended to a surplus of £141.452. The company's reserves brought forward from the accountin8 perlod ended 31 March 2022 have also increased from £376,847 to £461.167. 18. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES 31.3.22 31.3.21 Restrirted Funds Unrestrkted Funds Total Funds Total Funds •5 rest•ted as restated INCOME ANO ENDOWMENT5 FROM Oonations and legaciès Chartlable artlvltles Operatlon of char5table servkÈs 101,314 482,366 $83,680 351,552 203.777 203,777 202,223 Tot41 305.091 482,366 787,457 553,775 EXPENDITURE 011 Chartt•ble artlvlll Operatlon of charltable servlces 283,774 350.7 633,781 492,094 Other 12.224 12.224 12,224 Total 295.998 350,7 646.CQS 504,318 NET INCOME 9,093 132,359 141,452 49,457 RECONauATION OF FUND5 Total funds brohtIonWèrd 122,7n 66,513 189,285 139,828 TOTAL FUNDS CARRIED FORWARD 131,865 198,872 330,737 189.285 Page 20
REGIStERED COMPANY NUMBER.. 2409902 IEn8l•nd and Walls) REGisfERED CHARITY NUMBER: 802632 HAsllNGS v¢xufrifARY AclloN DETAILED STATEMENT OF HNANaAL AcnvtriES FOR THE YEAR ENDED 31 MARCH 2023 31.3.23 31.3.22 as restated INCOME AND ENDOWMENTS Don•tlons and lepdp5 Grants 683.531 583,680 tharltable KtIlI•S Reni and management fees Investment Income 213.363 657 203,759 214,020 897,551 203,777 787A57 EXPENDITURE Char1t•b actlths Wages E$tab115hment costs Slaff travel and tralnln8 Volunteer expLMses Office runnlng costs Project Costs 222,154 34,770 831 220,385 36.339 942 26,023 469,643 753,421 26,108 350.007 633,781 Support costs Go¥trnanc¢ c051> Management & admln salartes Pensions Independent examlne¢5 fee AGMIAnnuol conference 7.936 1.288 7,936 1,288 1.476 13,7C¥J 12,224 Total rewurces ÈMp•nded 767,121 646,5 Net Income 130.430 141,452 This page doe5 notform part of the statutory finanual statements Pa¢e 21