THE SUSSEX COMMUNITY FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £502,490, which represents 28 weeks of operating expenditure, falling below the stated policy target of twenty-six weeks (six months) of the subsequent year's budgeted operating expenditure. The trustees noted that the level of reserves is likely to reduce in the next 3-5 year period due to the economic situation and strategic investments in staffing. Despite this, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Our Reserves Policy is that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to twenty-six weeks (six months) of the subsequent year's budgeted operating expenditure.” — page 12
Leadership, per the charity’s website
- Kevin Richmond — CEO
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (26/03/2024)
- Received assets from another charity (13/09/2019)
- Received assets from another charity (12/09/2019)
- Received assets from another charity (06/06/2019)
- Received assets from another charity (24/04/2018)
- Received assets from another charity (20/09/2016)
Trustees
- David Mark Spofforth OBEchair
- ANDREW BAIRD
- Corinne Day
- David Sampson
- Deirdre Prower
- Guy Davison
- Kevin Stephen Powell
- MARTIN ROBERTS
- Mebrak Ghebreweldi
- Nick Munday
- Sally Case
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.6m | £4.2m |
| 31/03/2024 | £4.1m | £4.0m |
| 31/03/2023 | £4.3m | £4.7m |
| 31/03/2022 | £3.5m | £5.5m |
| 31/03/2021 | £4.9m | £5.7m |
Common questions
Is THE SUSSEX COMMUNITY FOUNDATION financially healthy?
The accounts state that unrestricted reserves stood at £502,490, which represents 28 weeks of operating expenditure, falling below the stated policy target of twenty-six weeks (six months) of the subsequent year's budgeted operating expenditure. The trustees noted that the level of reserves is likely to reduce in the next 3-5 year period due to the economic situation and strategic investments in staffing. Despite this, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were audited by Knill James LLP.
Who funds THE SUSSEX COMMUNITY FOUNDATION?
Funders whose own accounts filings name THE SUSSEX COMMUNITY FOUNDATION as a grant recipient include THE LAWSON TRUST CIO, OPTIGENE FOUNDATION, THE FOYLE FOUNDATION, THE LYNN FOUNDATION, CULLUM FAMILY TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE LAWSON TRUST CIO | FY2024 | £500k |
| OPTIGENE FOUNDATION | FY2025 | £238k |
| THE FOYLE FOUNDATION | FY2025 | £200k |
| THE LYNN FOUNDATION | FY2023 | £200k |
| CULLUM FAMILY TRUST | FY2024 | £150k |
| CULLUM FAMILY TRUST | FY2025 | £145k |
| THE LYNN FOUNDATION | FY2024 | £100k |
| CULLUM FAMILY TRUST | FY2022 | £100k |
| CULLUM FAMILY TRUST | FY2023 | £100k |
| THE CRUCIBLE FOUNDATION | FY2023 | £50k |
| JOHN LAING CHARITABLE TRUST | FY2025 | £25k |
| JOHN LAING CHARITABLE TRUST | FY2024 | £25k |
| THE IAN ASKEW CHARITABLE TRUST | FY2023 | £25k |
| THE BOLTINI TRUST | FY2024 | £20k |
| THE IAN ASKEW CHARITABLE TRUST | FY2025 | £20k |
| THE IAN ASKEW CHARITABLE TRUST | FY2024 | £20k |
| THE BOLTINI TRUST | FY2023 | £20k |
| The Patricia Routledge Foundation | FY2024 | £5k |
| THE BOLTINI TRUST | FY2025 | £5k |
| THE ASHBURNHAM THANKSGIVING TRUST | FY2024 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMATEURS TRUST | 2 | £186k |
| PETER HARRISON FOUNDATION | 1 | £100k |
| THE JABBS FOUNDATION | 1 | £100k |
| THE BUFFINI CHAO FOUNDATION | 1 | £91k |
| THE FRANK JACKSON FOUNDATION | 1 | £85k |
| THE PARGITER TRUST | 1 | £80k |
| THE FIDELITY UK FOUNDATION | 1 | £75k |
| COVENTRY BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £70k |