Charity registration number 1160651
Company registration number 03284438 (England and Wales)
DESIGN SOUTH EAST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
DESIGN SOUTH EAST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
H Satchwell
M Cook
J Martin
R Nazzari
J Stockwell
L Keay
P Maxwell
G Hyde
K Fitzgerald
E Mills
J Stiles
H Cuthbert
Secretary
C A Lamb
Charity number
1160651
Company number
03284438
Registered office
70 Cowcross Street
London
EC1M 6EJ
Independent examiner
TC Group
Star House
Star Hill
Rochester
Kent
ME1 1UX
Bankers
Barclays PLC
62 Earl Street
Maidstone
Kent
ME14 1PS
DESIGN SOUTH EAST LIMITED
CONTENTS
Page
Trustees' report
1 - 10
Independent examiner's report
11
Statement of financial activities
12
Statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15 - 23
DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Design South East Limited (the company) for the year ended 31 March 2025. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Constitution

Design South East is a Company Limited by Guarantee governed by its Memorandum and Articles of Association dated 18 December 2014. It is registered as a charity with the Charity Commission.

Method of appointment or election of trustees

Directors are either 'A' or 'B' directors. 'A' directors are those appointed by 'A' members. 'A' members are currently:

 

 

Each 'A' member may nominate one 'A' director, carried out in accordance with our Articles of Association.

 

A 'B' member is a member admitted as a 'B' member in accordance with the Articles of Association. A 'B' director is any director appointed as a 'B' member. Anyone wishing to become a B director must make an application for membership and an appointment is subject to approval by a majority of the directors. When considering applications the Board has regard to the requirement for any specialist skills on the board and geographic representation, in addition to the understanding of and alignment with the objects of the company.

Policies adopted for the induction and training of trustees

New trustees undergo an orientation session to brief them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit; and to inform them of the content of the memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During induction they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Organisational structure and decision making

The board administers the charity. The board meets quarterly, or more frequently, if necessary. There is a finance subcommittee which also meets quarterly, or more frequently if required.

 

A Chief Executive whose working title is Director (though he is not a director for legal purposes) is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and programme-related activity.

 

Our objects are:

 

  1. To advance public education and to develop and improve the skills and capabilities of people of all ages by encouraging the understanding of the arts, architecture and the built environment;

     

  2. To promote social inclusion for the public benefit in particular those that are, or feel they are, excluded from society by helping local people to participate in the improvement of the quality of their built environment (being "excluded" from society, or part of society, as a result of being a member of a socially and economically deprived community or on the grounds of their social and economic position);

     

  3. To promote sustainable development for public benefit in particular best practice in the field of sustainable development. Sustainable development means "development which meets the needs of the present without compromising the ability of future generations to meet their own needs";

     

  4. To advance the education of the public in urban and rural regeneration by promoting best practice in the field of regeneration in areas of social and economic deprivation for the public benefit;

     

  5. To help young people advance in life by developing their skills in the arts, architecture and the built environment; and

     

  6. To further such other charitable purposes (charitable under English law) as the Directors see fit from time to time primarily, but not exclusively in the south of England.

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Review of activities

Our work this year has focused primarily on three of our objectives:

 

Though independent design review remained our primary activity - helping to promote sustainable development and develop and improve people’s skills - we have continued to broaden the range of activities we deliver, including ones that promoted social inclusion.

 

Promoting social inclusion

 

Thurrock Council commissioned us to lead several local walking tours through which to discuss with local people the existing context and an emerging vision and focus for Thurrock’s updated Residential Design Code, following the process in the National Model Design Code (NMDC). The walkabout provided an opportunity for collaborative conversation between the Council and community, mediated and facilitated by Design South East, to help the Council better understand what ‘good design’ means to residents in their neighbourhoods. One of our key takeaways from the event was the importance of ‘deep’ engagement with the community – allowing sufficient time for in-depth, detailed conversations, to build trust and facilitate engagement with local people.

 

Medway Council commissioned us to lead the co-creation of a Vision and Action Plan for Gillingham Town Centre, supporting the Council with the recruitment and selection of a demographically representative community panel to ensure that diverse voices were part of the co-creation process. A series of three in-person workshops designed and facilitated by DSE allowed for the sharing of perspectives through interactive discussions about what local people value and where there are opportunities for improvements to the town centre to support the health and well-being of the wider community. By working with the community to develop an action plan to deliver on the shared vision, the programme fostered long-term stewardship of the town centre and built community resilience through shared responsibility for and ownership of the process of change.

 

Promoting sustainable development for public benefit

 

We continued to increase promotion of sustainable development through our core activity; design review by embedding into the structure of the sessions. This was particularly important in relation to larger urban projects, where we sought coherent sustainability strategies to underpin design development, and for specific measures and actions, including the reuse of existing built forms and the inclusion of sustainable urban drainage. On major rural sites, we promoted the importance of a sustainability strategy, commitment to sustainable travel and drainage, and a zero-carbon approach.

 

We continued to create opportunities to engage earlier in the planning process than design review typically allows, at the visioning, strategy, policy, or plan-making stages of projects. We achieved this through design code support, co-production, and community engagement activities. This early engagement enabled us to help clients and communities embed the principles of sustainable development at the formative stage of projects.

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

Starting in September 2024, we worked in partnership with the Ministry of Housing, Communities and Local Government (MHCLG) to support the latest group of Pathfinder authorities in the delivery of exemplary design codes across the country. Our programme of support is built on our expertise from our involvement in the 2021 NMDC pilot programme to provide critical friend support and design code review for 10 local authorities across the country. Our bespoke panel comprised experts with extensive experience in the preparation and application of design codes. As part of the national Design Network, we can draw on experts from Design Midlands, Design Yorkshire, and Design North East to bring local knowledge and to reflect the geographical diversity of the Pathfinder programme.

 

We complemented these activities with several training sessions to promote sustainable development:

 

 

 

Developing and improving the skills and capabilities of people

 

We delivered a significant amount of our work to develop and improve the skills and capabilities of people through our Kent Design programme, which supports built environment professionals through place-specific learning focused on high-quality, sustainable design.

 

Through this programme, we delivered a range of online sessions, in addition to events described above, including:

 

A major training workshop brought public and private sectors together to learn about alternative models of housing delivery and tenure and how they can contribute to addressing the housing crisis. Topics include community-led housing, custom-build and co-housing. This reflected the fact that over the coming decades, tens of thousands of homes will be delivered in Kent and Medway, which presents an opportunity to complement mainstream delivery approaches with alternative housing models, which may offer people more flexibility, customisation, community-building and affordability.

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

To support the development of design coding skills in local authorities, we developed a Design Code Network through which we delivered four events, using expert speakers, but promoting knowledge sharing. The series included:

 

Our Urban Design Foundation Course comprised 3 online webinars, a study tour and culminated in a full-day urban design skills training. The study tour was of Ebbsfleet and provided an opportunity to hear from the team behind the development of the new garden city. The final session provided participants with a basic understanding of urban design principles and helped to develop practical skills through a guided walking tour of Dartford, a design review exercise of a real scheme and a chance to design a concept masterplan for part of the town centre led by experienced urban designers.

 

We also organised a study tour of Folkestone Town Centre and Seafront, which provided an opportunity to hear about coastal regeneration.

 

Going Concern

 

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

 

 

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
Financial review

Income
The charity reported total income of £891k for the year, marking an increase of 10% compared to the previous year (£807k). This represents a strong recovery from the previous year's decline (2022-23: £860k falling to £807k in 2023-24), which had been affected by reduced client demand due to economic uncertainty. The current growth was driven by:

 

Expenditure
Total expenditure was £824k, an increase of 6% from 2024 (£774k). This follows significant efficiency improvements in recent years, where cost reductions were achieved through careful budget management, including:

 

Financial Position
The charity achieved a surplus of £67k, a substantial improvement from:

 

Unrestricted funds grew from £211k to £278k, strengthening our financial resilience.

 

The balance held in the Community Savings Account represents unrestricted funds earmarked internally for future community engagement activity.

 

Risks and Mitigation
Key risks to financial performance include:

 

To address these, we are:

 

Conclusion
The 2024/25 results demonstrate successful recovery and sustainable financial management. While mindful of economic challenges, our strong reserves and efficiency measures position us well to continue delivering our mission effectively.

Reserves policy

The trustees have maintained the core reserves policy established in 2023-24, with the operational reserve policy set at 3 months' operational coverage plus 10% to be adjusted annually. Moving into 25/26 our required operational reserves is thus set at a minimum of £225k.

Additionally, from the 2024/25 surplus, the trustees have approved the creation of a new £50k infrastructure reserve to fund essential capital improvements and strategic investments.

 

 

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -

This two-tier reserve approach ensures the charity can:

 

As of 31 March 2025, our financial position supports this policy with £278k in unrestricted funds.

 

The trustees will review both reserve levels annually, considering:

 

This enhanced policy demonstrates our commitment to both financial resilience and sustainable growth, ensuring we can continue delivering our mission effectively.

 

This policy complies with Charity Commission guidance on financial governance and forward planning.

 

In addition to the unrestricted reserves, DSE maintains a designated Community Fund to support community-led design and engagement projects. This fund is treated as a designated pot within unrestricted funds, ring-fenced by trustees for its specific purpose. At 31 March 2025, the balance stood at £9,500. The fund will be drawn down over the next few financial years to support the delivery of community projects.

 

 

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
Plans for future periods

Our short-term objectives are to improve operational efficiency, enhance our service delivery, and transform our communications. Specific short-term goals include:

 

Our long-term objectives are designed to ensure the sustainability and growth of our charity, while also expanding our impact on the communities we work in. These objectives include:

 

To achieve these objectives, the following key activities are planned.

 

Experience has influenced our plans and decisions in terms of:

 

 

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Arrangements for setting pay of key personnel

All employees of Design South East are subject to annual appraisal and mid-term reviews.

 

In the case of the Chief Executive, the appraisal is conducted with the Chair of the Board. The remuneration committee comprises three directors of the company, advised by the Chief Executive. A total sum available for staff team pay raises and the salaries of key staff were agreed by this committee. The pay of the Chief Executive was also agreed by the committee but without the presence of the Chief Executive. Decisions are reached in accordance with our remuneration policy, including factors such as performance as judged by the appraisal process, and the financial position of the company.

 

Structure, governance and management

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

H Satchwell
B Rogers
(Resigned 27 May 2025)
S Willcox
(Resigned 19 December 2024)
M Cook
J Martin
R Nazzari
L Archer
(Resigned 17 April 2024)
J Stockwell
L Keay
(Appointed 27 May 2025)
P Maxwell
(Appointed 27 May 2025)
G Hyde
(Appointed 27 May 2025)
K Fitzgerald
(Appointed 27 May 2025)
E Mills
(Appointed 27 May 2025)
J Stiles
(Appointed 27 May 2025)
H Cuthbert
(Appointed 27 May 2025)

None of the trustees has any beneficial interest in the company.

DESIGN SOUTH EAST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
Trustees' responsibilities statement

The Trustees (who are also directors of Design South East Limited for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company law requires the Trustees to prepare financial statements for each financial year. Under Company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the situation of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

 

 

 

 

 

 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

 

The trustees' report was approved by the Board of Trustees.

M Cook
1 December 2025
DESIGN SOUTH EAST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DESIGN SOUTH EAST LIMITED
- 11 -

I report to the trustees on my examination of the financial statements of Design South East Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

S Meah FCCA
On behalf of TC Group
Star House
Star Hill
Rochester
Kent
ME1 1UX
Dated: 3 December 2025
DESIGN SOUTH EAST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Charitable activities
2
884,203
800,957
Investments
3
7,251
5,684
Total income
891,454
806,641
Expenditure on:
Charitable activities
4
824,332
774,343
Total expenditure
824,332
774,343
Net income and movement in funds
67,122
32,298
Reconciliation of funds:
Fund balances at 1 April 2024
210,927
178,629
Fund balances at 31 March 2025
278,049
210,927

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

DESIGN SOUTH EAST LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 13 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
10
1,170
1,760
Current assets
Debtors
11
104,134
143,710
Cash at bank and in hand
464,934
267,106
569,068
410,816
Creditors: amounts falling due within one year
12
(292,189)
(201,649)
Net current assets
276,879
209,167
Total assets less current liabilities
278,049
210,927
Net assets excluding pension liability
278,049
210,927
The funds of the charity
Unrestricted funds
278,049
210,927
278,049
210,927

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 1 December 2025
M Cook
Company registration number 03284438 (England and Wales)
DESIGN SOUTH EAST LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
16
191,576
9,871
Investing activities
Purchase of tangible fixed assets
(999)
-
Investment income received
7,251
5,684
Net cash generated from investing activities
6,252
5,684
Net cash used in financing activities
-
-
Net increase in cash and cash equivalents
197,828
15,555
Cash and cash equivalents at beginning of year
267,106
251,551
Cash and cash equivalents at end of year
464,934
267,106
DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
1
Accounting policies
Charity information

Design South East Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 70 Cowcross Street, London, EC1M 6EJ.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

Design South East Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

 

The company's functional and presentational currency is GBP.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for the other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

1.4
Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably.

DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

 

Grants received from County Council and Medway Council and are accounted for on receivable basis.

Project income is recognised when the company obtains the right to consideration under the terms of the individual contract. Where the right to consideration occurs before the service is invoiced the income is accrued. When the right to consideration occurs after the service is invoiced the income is deferred.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

 

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% straight line
Computer Equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 17 -
1.8
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9

Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.10

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
2
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£

All charitable activities

884,203
800,957
3
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
7,251
5,684
4
Charitable activities

Unrestricted funds

Unrestricted funds

2025
2024
£
£

Panel fees

185,979
168,466

Panel expenses

18,925
19,450

Venue hire

1,156
729

Gifts and samples

176
-

Wages and salaries

354,541
335,754

National insurance

27,098
29,841

Pension cost

8,684
8,089

Seminars and conference fees

6,718
3,639

Marketing and communications

7,285
-

BHL delivery costs

2,156
-
612,718
565,968
Share of support costs (see note 5)
210,124
206,955
Share of governance costs (see note 5)
1,490
1,420
824,332
774,343
DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 19 -
5
Support costs
Support costs
Governance costs
2025
Support costs
Governance costs
2024
£
£
£
£
£
£
Consultancy
38,050
-
38,050
36,257
-
36,257

Premises costs

26,700
-
26,700
26,352
-
26,352

Travel & entertainment

9,233
-
9,233
11,644
-
11,644

Office costs

29,458
-
29,458
25,971
-
25,971

Accountancy fees

3,514
-
3,514
3,225
-
3,225

Professional fees

8,170
-
8,170
6,338
-
6,338

Marketing and communications

540
-
540
762
-
762

Bad debts

517
-
517
3,420
-
3,420
Training
6,318
-
6,318
-
-
-

Wages and salaries

75,702
-
75,702
78,259
-
78,259

National insurance

9,013
-
9,013
9,716
-
9,716
Pension costs
1,321
-
1,321
1,321
-
1,321
Depreciation
1,588
-
1,588
3,690
-
3,690

Independent examiners' remuneration

-
1,490
1,490
-
1,420
1,420
210,124
1,490
211,614
206,955
1,420
208,375
Analysed between
Charitable activities
210,124
1,490
211,614
206,955
1,420
208,375

 

6
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
1,588
3,690
7
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year, other than what is disclosed in note 15.

DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
8
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Director
1
1
Head of Programmes
1
1
Programme Coordinator
2
2
Programme Administrator
-
1
Events and Marketing Coordinator
1
1
Finance Manager
1
1
Head of Service Delivery
3
4
Panel Cordinator
1
-
Total
10
11
The number of employees whose annual remuneration was more than £60,000 is as follows:
2025
2024
Number
Number
In the band £70,001 - £80,000
1
1
In the band £60,000 - £70,000
1
1

The key management personnel of the charity comprise the Chief Executive Officer, Head of Service Delivery and the Head of Programmes. The total employee benefits of the key management personnel of the Charity were £207,228 (2024 - £189,781).

9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
10
Tangible fixed assets
Fixtures and fittings
Computer Equipment
Total
£
£
£
Cost
At 1 April 2024
1,360
31,275
32,635
Additions
-
999
999
At 31 March 2025
1,360
32,274
33,634
Depreciation and impairment
At 1 April 2024
1,360
29,516
30,876
Depreciation charged in the year
-
1,588
1,588
At 31 March 2025
1,360
31,104
32,464
Carrying amount
At 31 March 2025
-
1,170
1,170
At 31 March 2024
-
1,760
1,760
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
75,846
133,128
Other debtors
406
760
Prepayments and accrued income
27,882
9,822
104,134
143,710
12
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Other taxation and social security
35,407
40,022
Deferred income
13
160,319
85,455
Trade creditors
33,963
17,524
Other creditors
1,378
1,172
Accruals
61,122
57,476
292,189
201,649
DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
13
Deferred income
2025
2024
£
£
Other deferred income
160,319
85,455

Deferred income is included in the financial statements as follows:

2025
2024
£
£
Deferred income is included within:
Current liabilities
160,319
85,455
Movements in the year:
Deferred income at 1 April 2024
85,455
62,675
Released from previous periods
(85,455)
(62,675)
Resources deferred in the year
160,319
85,455
Deferred income at 31 March 2025
160,319
85,455
14
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Designated Community Fund
-
-
-
9,500
9,500
General funds
210,927
891,454
(824,332)
(9,500)
268,549
210,927
891,454
(824,332)
-
278,049
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
General funds
178,629
806,641
(774,343)
-
210,927

Community Fund - to support community led design and engagement projects.

DESIGN SOUTH EAST LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
15
Related party transactions

During the year under review the following transactions took place with the company Tibbalds Planning and Urban Design Ltd, a company in which H Satchwell is a Director and shareholder;

 

Sales of £720 (2024 - £720)

 

All transactions were at arms' length and as at 31 March 2025 £Nil (2024 - £Nil) was due from Tibbalds Planning and Urban Design Ltd.

16
Cash generated from operations
2025
2024
£
£
Surplus for the year
67,122
32,298
Adjustments for:
Investment income recognised in statement of financial activities
(7,251)
(5,684)
Depreciation and impairment of tangible fixed assets
1,589
3,690
Movements in working capital:
Decrease/(increase) in debtors
39,576
(27,987)
Increase/(decrease) in creditors
15,676
(15,226)
Increase in deferred income
74,864
22,780
Cash generated from operations
191,576
9,871
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