SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that total income increased by 20% to £6,087,859, while total expenditure rose by 16% to £5,529,473, resulting in a net surplus for the year. The charity's free reserves increased by 27% to £1,011,309, which is significantly above the trustees' stated minimum target of £375,000. The trustees confirmed adequate resources to continue as a going concern, and the independent auditors issued an unqualified opinion.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (01/09/2016)
Trustees
- JOHN CORNISHchair
- Andrew Jonathan Shields
- Daniel James Bamfield Stewart-Roberts
- Donna Martinez-Claras
- Edward Wagstaff
- Helen Macaulay
- Ioni Anne Sullivan
- Manal Ahmed
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.9m | £4.9m |
| 31/03/2024 | £5.1m | £5.1m |
| 31/03/2023 | £6.1m | £5.5m |
| 31/03/2022 | £5.1m | £4.8m |
| 31/03/2021 | £4.0m | £3.7m |
Common questions
Is SUSSEX COMMUNITY DEVELOPMENT ASSOCIATION financially healthy?
The accounts state that total income increased by 20% to £6,087,859, while total expenditure rose by 16% to £5,529,473, resulting in a net surplus for the year. The charity's free reserves increased by 27% to £1,011,309, which is significantly above the trustees' stated minimum target of £375,000. The trustees confirmed adequate resources to continue as a going concern, and the independent auditors issued an unqualified opinion. Its FY2023 accounts were audited by TC Group.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 10/09/2025 | £115k | "Newhaven Heritage Stories" |
| The National Lottery Heritage Fund | 13/10/2022 | £36k | "Newhaven Heritage Routes" |
| The National Lottery Heritage Fund | 14/12/2006 | £50k | "Newhaven Open Spaces Project" |