CHARITY REGISTRATION NUMBER: 1043557 Lowestoft Charity Board Unaudited financial statements 5 April 2025
Lowestoft Charity Board Financial statements Year ended 5 April 2025 Page Tru$lees' annual report Independent examiner's report to the Iruslees Slalemenl of financial activities Balance sheet Notes lo tha financial Stslements
Lowestoft Charity Board Trustees, annual report Year ended 5 April 2025 The trustees present their report and the unaudited financial slalements of the charity for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies sel out in notes lo the accounts and ¢omply with the charity's goveming document. the Charities Act 2011 and Accounting and Reporting by Charities. Ststement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic ol Ireland published in October 2019. Referenco and admlnlstrative detai RegSstered charlty name Lowestoft Charity Board Charlty reglstratlon number 1043557 Prlnclpal office 148 London Road North Lowestoft Suffolk NR32 1HF The trustees The twstees who seNed during the year and at the dale of approval were as follows". Mr R Stebbings - Nominative Ichairmanll Ex Officio (Resign 14105120251 Mrs J Collins - Co-optalive Mr5 P Shaw- Ex Officio (Resigned 19103120251 Mrs M Eccles - Co- optative Mrs C Leech - Nominative (Resigned 19103120251 Mr M Gall - NoThin81ive (Vice Chairman from 14105120251 Mrs A Battrick - Co-optslive Mr P Page - Nominative Mr A Pearce- Nominative Mrs G Battrick - Nominative (Chairman from 14105120251 Rev S Stokes- Ex Officio Ivice Chairman from 14105120251 Mr M Howes- Nominative Mrs M Warterton- Nominative Mr D Sp311 Ex Officio (Appointed 14105120251 Mr R Linlon - Nominative (Appointed 14105120251 Mrs J Dyer- Nominative lappoinled 14 May 20251
Lowestoft Charity Board Trustees, annual report (c¢7ntlnu8d) Year ended 5 April 2025 Clerk Mr M Breeze Norton Peskett Solicitors 18 Church Plain Gre81 Yamiouth Norfolk Charlty numbor Lowe510ft Church and Town Eslale Charity- 1043557 Lowesloft Church and Town Relief In Need Charity- 1015039 Lowestoft Church and Town Educational Foundation - 310460 Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 OLB Bankers Barclays B8nk Pl 81 London Road North Lowesloft Suffolk NR32 1LT Stockbrokers Barrett & Cooke 518 Opie Street Notwich Norfolk
Lowestoft Charity Board Trustees, annual report (conllnu8d) Year ended 5 April 2025 Objectives and activltles Thè objectives of the Charity are to provide financial assistance lo those in need and lo promote education of persons under the age of 25. Detailed objectives are shown in the aims and strategies paragraphs mentioned later. The Trustees meet every two months lo review the results and progress of the individual charities with a view lo maximising the benefit they can provide to others. Purposes and alms Our Charity's purposes are to benefit the public by.. 11 Providing financial assistance lo people in need, and 21 Promoting education of persons under the age of 25, and 31 Relieving need, hardship and distress, and 41 Supporting financially the work of Sl Margarets Church. Lowesloft Ensuring our work delivers our aims We review our aims, otijectyves and activities each ye8r. This review looks al what we have achieved and the outcornes of our work in the previous 12 months. The review sooks at the success of each key activity and the benefits they have brought lo those groups of people we are set up lo help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred lo the gLtidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future aclivilies. In p8rticular, the trustees consider how planned activities will contribute to the aims and objects'ves they have set. How our aclivities deliver publlc beneflt Our main aelivilies and who we try lo help are described above. Signiflcant actlvltlgs undertaken The Charity continues lo maintain its propèrties lo a high Standard. Aims and Strategl&s 11 The Lowesloft Church and Town E5tale Charity manages and adrninisters a portfolio of stock exchange investments and a number of investment properties with a view lo producing an annual surplus for division pursuant lo the Trust Deed of 14 March 1985. 21 The Lowestoft Church and Town Educational Foundation administers investments and pays grants lo slate schools in the Lowesloft area and also promotes the education of Lowesloft residents aged under 25_ 31 The Lowestoft Church and Town Relief in Need Charity administers investments and pay grant$ to Lowesloft individuals and organisalions with the object of relieving need. hardship or distress.
Lowestoft Charity Board Trustees, annual report (¢ontlnued? Year ended 5 April 2025 Objectives and actlvltles (contsnu¢dJ Charity's achievements In relatlon alms for public beneflt 11 The Lowestoft Church and Town Estsle Charity is continuing with its programme of improving ils stock of investment properties. 21 The Lowestoft Church and Town Educational Foundation continues lo make educational grants especially lo higher education students. 31 The Lowe8toft Church and Town Relief in Need Charity continues lo pay grants lo relieve hardship and stress. Achievements and perfomianc& 11 The Lowestoft Church and Town Estate Charity received income of £107.887 and incurred expenditure of £85,015 lincluding the £22.873 St Margaret's PCC reallocalionl during the course of the year. The inveslmellts and property held were revalued al the year end resulting in an unrealised loss of £652. The financial position of the Charity at the year end was satisfactory. with the surplus for the year being allocated in accordance with the Trust Scheme. 21 The Lowesloft Church and Town Educational Foundation continues lo make educational grants, especially to higher education students. Income for the year amounted to £7,100 and expenditure of £11,400. The investments held in accordance with the trust $¢heme lexduding ils share of the Estate Charity Surplusl were revalued during the year resulting in an unrealised loss of £15,121. The financial position al the year end was satisfactory with the balance of dislribulable funds being £178,164. 31 The Lowesloft Church and Town Relief in Ne&d Charity continues to pay grants to relieve hardship and stress. Income for th8 ye8r (excluding ils share of the Estate Charity Surplus) was £4,202 and expenditure amounted to £2,573. The investments held for generating income for distribution were revalued at the year end re5ulling in an unrealised loss of £3,271. The financial position al the year end was satisfactory with the balance of dislribulable fLtnds being £175,171. Flnanclal revlew The results of the Charity are set out in detail on page 7. Reserves Policy The Estate Charity holds sufficient reseNes lo generate income for its charitable purposes. The financial position at the year enc* was satisfactory with the balance of dislribulable funds being £357,459. The Relief in Need Charity and The Educational Foundation maintain sufficient funds lo pay annual grants. The General Benefit fund is maintained in accordance with the trust deed and retains Sufficient funds lo meet the ¢o$l of any exceptional expenditure or otheMise lo distribute as the Iruslees see fil. Plans for future periods To continue to maintain and upgrade ils stock of investment properties.
Lowestoft Charity Board Trustees, annual report (contlnuedj Year ended 5 April 2025 Structure, governance and managemant Governing document The Charity is registered wf(h the Charity Commission and was created by scheme sealed on 24 April 1970. It incorporates the charities of Lowesloft Church and Town Estate Charity, Lowesloft Church and Town Relief in Need Charity and Lowesloft Church and Town Educational Foundation. Trustee appointment and oryanisatlonal Structure Trustees are either nominated by Lowesloft Town Council, Oulton Broad Parish Council or St Margaret's Parochial Church Council, co-opted by existing trustees or are ex-officio. The Lowesloft Charity Board incorporates various registered charities las detailed on page 21. These charities share common Trustees and are operated as one adminislralive unil. The Lowestoft Church and Town Almshouse Charity produces separate fin8ncial slalemenls although il Is operated from the same adminislralive unil. The day lo day administration of the Board's activities is undertaken by the Clerk under the supervision of the Trustees who meet bi-monthly and review all the expenditure. The trustees meet on a bi-monthly b881S to monitor the results and progrèss of the Board with a view to maximising the delivery of ils ch8ritsble objectives. Risk Manag8m8nt The trustees have assessed the major risks lo which the charity is exposed and are satisfied that there are systems in pla¢e to mrtigale those risk5. Related Parties The charity is connected with The Lowestoft Church and Town Almshouse Charity. The two charities have common trustees and are administered commonly al the same registered office. The only transaction beeen the charities 1$ the payment of an intercompany loan balance held with The Lowestoft Church and Town Almshouse Charity. The trustees do not consider il appropriate lo consolidate the results as the charities have different objective8, True and Fair ovorrida The accounts (financial slatemenlsl have b&en prepared lo give a ' true and fair" view and have departed from the Charities (AountS and Reports) RulationS 2008 only to the extent required lo provide a true and fair view.. This departure has involved following Accounting and Reporting by charities by Charities preparing their accounts in accordance with the Fin8ncial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than Accounting ancl Reporting by Charities.. Slalemenl of Recornmended Practi effective from 1 April 2005 which has since been withdrawn. The Iruslees, annual report was approved on trustees by.. and signed on behalf of the board of Mrs G Battrick- Nominative Chair
Lowestoft Charity Board Independent examiner's report to the trustees of Lowestoft Charity Board Year ended 5 April 2025 I report to the charity trustees on my examination ol the financial slalements of the charity for the year ended 5 April 2025 which comprise the statement of financial activities, balance Sheet and the related notes. Rèsponslblllties and basis of report As the charity's Iruslees you are responsible for the preparation of the financial statements in accorclance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examinats.on of the charity's financial slalements carried out under section 145 01 the Act and in carrying out my examination I have followed all the applicable Direetions given by the Charity Commission under section 14515llbl of the Act. Independent examlnerf$ Statement I h8ve completed my examination. I confirm that no material matters have come lo my attention in connection with the examinab.on giving me cause to believe that in any material respect. accounting records were not kept in Tespecl of the charity as required by section 130 of the Act., or the financial ststements do not accord wlh those recofds.. or the financial statements do not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charities IAccounts and Reports) Regulations 2008 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. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Your attention is drawn to the fact that the Charity has prepared the accounts (financi81 ststementsl in 8ccordance wth Accounting and Reporting by Charities." Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK 8nd Republic ol Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities". Slalemenl of Recommended Practice issued on 1 April 2005 which Is referred lo in the extant regulations bul has since been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effectsve for reporting periods beginning on or after 1 January 2015. Mark Proctor FCA DChA Independent Examiner Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park NorwiGh NR7 OLB
Lowestoft Charity Board Statement of financial activities Year ended 5 April 2025 2025 Unreslricled funds Total funds 2024 Tota5 funds Not Income and ondowmgnts Rental income Investment Income 70,714 48,475 70,714 48,475 82,392 48.705 Total Income 119.189 119.189 131.097 Exp&ndilur8 Charitable activities 1148,9881 1148,9881 {148,9881 {148,9881 1105,0781 1105,0781 Total &xpendlture Net l¢xpenditurellincome and net movemènts in funds bgforo galns and losses on Investments 129.7991 129,7991 26.019 Net (lossesllgains on investments 119,0441 119,0441 91,337 Net lexpendlturelllncomo and net movgment in funds 148,8431 148,8431 117,356 Reconclllatlon of funds Total fLJnds brought forward Total funds carried forward 3,964,319 3,915,476 3,964.319 3,915,476 3.846,963 3,964,319 The slalernent of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 9 to 16 form part of these flnanclal statements.
Lowestoft Charity Board Balance sheet 5 April 2025 2025 2024 Note Flxed assets Investment propety Investments 1,594.984 1,445,482 1,502,859 1,557,407 3,040,466 3.080,2e8 Current assets Debtors Cash al bank and in hand 13 290,626 620,184 328,796 617,169 910,810 945,965 Creditors.. Amounts falllng du& wlthln one year 14 135,8001 141,9121 Net current assets 875,010 904,053 Total assets less current liabilities 3,915,476 3,915,47e 3.964,319 Net assets 3.964.319 Funds of the ¢harlty Unrestricted funds.. Revaluation reserve Other unrestricted income funds 1,458,565 2,456,911 3,915,476 1,511,167 2,453,152 Total unrestrlcted funds 3.964,319 Total charlty funds 15 3,915,476 3,964.319 The 16 e financial slalemenls were approved by the board of Iruslees and aulhorised for issue on and are signed on behalf of Ihe board by.. Mrs G Battri¢k- Nominative Chair Thè notes on pages 9 to 16 fom part of these flnanclal $tst&mgnts.
Lowestoft Charity Board Notes to the financial ststements Yoar ended 5 Apri5 2025 General infomiation The charity is registered charity in England and Wales and is unincorporated. The address of the principal office is Norton Peskett Solicitors, 148 London Road North. Lowesloft, NR32 1HF. This chanty manages a ptsrtfolio of residential properties and investments with a view lo generating income for distribution in Pre-determined shares lo Sl. Margarets Lowesloft PCC, a relief in need charity, an education foundation and a reserve for general benefit charity. Statement of compllance The charity constitutes a public beneff( èntity as defined by FRS 102. The financial slalernents have been prepared in accordance with Accounting and Repo*tng by Charities. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Rèpublic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial slalements have been prepared to give 8 'lrue and fair, view and have departed from the Charities (Accounts and Reportsl Regulations 2008 only lo the extent required lo provide a 'lrue and fair view.. This departure has involved following the Accounting and Reporting by Charities Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Accounting policies lal Basls of prgparation The financial Statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial slalemenls are prepared in sterling, which is the functional currency of the entity. {bl Golng concern The financial slalement$ have been prepared on a going concern basis, as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expectetj level of income and expenditure for 12 months from authorising these financial statements. The budgeted inwme and expenditure is sufficient with the level of r8serv8s for the charity to be able lo continue as a going concern. Icl Fund accountlng Unreslricled funds are available for use al the discrelicn of the trustees lo further any of the charity's purposes. Oesignated funds ar& unrestricted funds earmarked by the Iruslees for particualr future project or commitment.
Lowestoft Charity Board Notes to the financial statements (continued) Year ended 5 April 2025 Accounting policies (continu¢dl Idl Income All income is included in the statement of financi818Ctivities when entillemenl has passed to the charity, il is probable that the economic benefits associatell with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. Rentsl income is included when rèceivable. Investment income is included when receivable. lel Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the slalemenl of financial activities to which il relates". expenditure on charitable activities includes 811 costs incurred by a charity in undertaking activities that furtheT Its charitable aims for the benefit of f£s beneficiaries. including those support costs and costs relating lo the governance of the charity apportioned to charitable activities. other expenditure includes 811 expenditure that is neither related lo raising funds for the charity nor Part of ils expenditure on charitable aclivilies. All eosls are allocated to expènditure categories reflecting the use of the resource. Direct $1S allribulable to a single a¢livity are allocated directly lo that activity. Shared costs are apprortioned between the activities they contribute ta on a reasonable, justifiable and consistent basis. lfj Investmgnt property 11 Land and buildings are revalued every three years and the aggregate surplus or deficit is transferred lo the Statement of Financial Aclivilies. Tho amount by which the valuation of individual properties Is less than their cost and considered to be permanent is charged to the Statement of Financial Activities. 21 No depreciation or amortisalion is provided in respeel of buildings. 191 Investments Listed investments are measured at fair value with changes in fair value being recognised in profit or loss. Ihl Flnanclal Instrum&nts A financial asset or a financial liability is recognised only when the entity becomes a p8ty to the conlraclual provisions of the instrument. Basic financial instruments are initially recognised al the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing Iransaclion, where il is re¢ognised al the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 10
Lowestoft Charity Board Notes to the financial statements Icontinued) Year ended 5 April 2025 111 Grants payable Grants payable are inclded in full in the Slalemenl ol Financial Activities in the period in which constructive obligation is established. Rental income Unrestricted Total Funds Unr&slricted Total Funds Funds 2025 Funds 2024 General and ground rent Rental write onslloffsl 78,073 15,3591 70,714 78,073 15,3591 70,714 82,392 82,392 82,392 82,392 Investment income Unreslricled Totsl Funds Unreslricled Total Funds Funds 2025 Funds 2024 Bank interest Other loan interest received Investment Income 2,567 5,378 40,530 2,567 5,378 40,530 2,082 7,528 39,095 2,082 7,528 39,095 48,475 48,475 48,705 48,705 Expendlture on charltsble actlvltles Unrestricted Totsl Funds Funds 2025 Unreslricled Total Funds Funds 2024 Grants Transfer to St Margarets PCC Insurance Light and heat Council rates Support costs 63.894 22.873 2.640 293 63.694 22,873 2.640 293 16,992 32,434 2.532 446 18 52,656 16,992 32.434 2,532 446 18 52,656 59,488 148,988 59,488 148,988 105,078 105,078 Grants paid are for the purpose of providing support to individuals and organisations as cÉetailed in the Trustees. Report. 11
Lowestoft Charity Board Notes to the financial statements (continued) Year ended 5 April 2025 Analysi$ of support costs Unrestricted Funds Totsl 2025 Total 2024 Premises General office Governance costs Management lees Professional fees 26.745 327 7,998 8,339 16,079 26,745 327 7,998 8.339 16,079 29,901 287 7,650 5,502 9,336 59,488 59.488 52,656 Net Ilossesllgalns on inv&stments Unreslricled Total Furbds Unrestricted Totsl Funds Funds 2025 Funds 2024 Gainslllossesl on investment property Unre8lised Ilossllsurplus on revaluation of Investments. held for charitable use 92,125 92,125 16,5001 16,5001 1111,1691 119,0441 1111,1691 {19,0441 S7,837 97.837 91,337 91.337 Independent examlnatlon fgos 2025 2024 Fees payable lo the independent examiner for.. Independent examination of the financial statements 7,998 7,650 10. Trustee remunÈratlon and gxpenses and key managemgnt personnel No remuneration Dr other benefits from employment with the charity or a related entity were received by the trustees. There are no employees and thus no key management personnel and no salaries or wages have been paid, and no employees received remuneration of more than £60,000 during the year12024.' £Nill. 12-
Lowestoft Charity Board Notes to the financial statements (continu8dJ Year ended S April 2025 11. Investment property Investment Property Cost At 6 April 2024 Revaluations 1.502,859 92.125 At 5 April 2025 D&prociation At 6 Aprll 2024 and S Aprll 2025 Carrying amount At 5 April 2025 At 5 April 2024 1.594,984 1.594,984 1.502.859 The fixed assets slated above are used for direct charitable purposes only. Land and buildings were revalued by the Iruslèes and by East Cornmercial Chartered Surveyors al July 2025 on the basis of open market value. The historic cost of land and buildings is £586.245 12024.. £588.2451. 12. Investments Other investments Cosl or valuation Al 6 April 2024 Additions Disposals Net cash movernenls Other movements 1,557,407 250,384 1241,1901 (7,4261 1113,6931 1.445.482 At 5 April 2025 Impairment At 6 Aprll 2024 and S April 2025 Carrying amount At 5 Aprll 2025 At 5 April 2024 1,445,482 1,557,407 All investments shown above are held al v81ualion. The hislori¢ ¢051 of investments is £995,65612024. £974,908). 13. Debtors 2025 2024 Prepayments and a¢¢rued income Other debtors 296 290,330 1,006 327,790 290,626 328.798 13-
Lowestoft Charity Board Notes to the financial ststements fconllnu6d) Year ended 5 April 2025 13. Debtors (continued) Other debtors include £274:298 12024.. £298,9201 due from the Lowestoft Church and Town Almshouse Charity, a connected charity, repayable over 25 years. £20,000 is due in less than 1 year, £254,298 is due in more than 1 year. The total balance includes Interest receivable of £5.37812024". £7,528) at 20kn on the loan. 14. Credltors.. Amounts falling due within one year 2025 2024 Trade creditors Accrua15 and deferred income Sl Margarets PCC 1,926 11,001 22,873 9.478 32.434 35,800 41,912 2025 2024 Deferred ineome brought fotward Released during the year Deferred during the ye8r 1.828 (1.8281 3,003 2,302 12,3021 1,828 Deferred income carried foard 3,003 1,828 Deferred income comprise funds received in advance for nt. 14-
Lowestoft Charity Board Notes to the financial statements (contlnued) Year ended S April 2025 15. Anatysis of charitable funds Unrestricted funds Transfersl Gains and osses Al 6 April 2024 At S Aprll 2025 Income Expenditure General funds Reserve for general benefit Revaluation reserve 2,248,085 119,189 198,9881 24,409 2,292,695 205,067 1,511,167 15Q,00a1 9,149 152,6021 164,218 1.458,565 3.964.319 119.189 1148,9881 119,0441 3,915,476 Unrèstrlcted funds Transfersl Gains and losses At 6 April 2023 At 5 Aprll 2024 Income Expenditure General funds Reserve for general benefit Revaluation SerVe 2,143,703 131,097 1105,0781 78.363 2,248,085 192,093 1,511,167 12,974 205,067 1,511,167 3,846,963 131,097 1105,0781 91,337 3,964,319 16. Anaty$l$ of net assets bètwèen funds As at 5 April 2025 Investment Property Investments Nel current Totsl Funds assets 2025 Unrestricted Incom& Funds Designated Funds General Funds Revaluation resetve 164,216 710,794 184,216 2,292.695 1.458,565 586,245 1,008,739 995,656 449,826 1,594,984 1,445.482 875,010 3,915,476 As al 5 April 2024 Investment Propety Investments Nel Current Total Funds assets 2024 Unrestrlcted Incorne Funds Designated Funds General Funds Revaluation reseNe 205,067 698,986 205.067 2.248.085 1,511.167 601,475 901,384 947,624 609,783 1,502,859 1,557,407 904.053 3,964,319 15
Lowestoft Charity Board Notes to the financial statements (contlnuod) Year ended 5 April 2025 17. Designated fund Reserve for general benefit 2025 2024 Accumulated fund at being of period Allocation of estate surplus Nel income l expenditure lor the year 205,067 9,149 150,0001 164,216 192,093 12,974 205.067 18. Related parties In 2Q13, the charity provided a108n of £315,000 to The Lowesloft Church and Town Estst8 Charity, a charity which shares the same trustees as this charity, lo fund the acquisition of the Longs Dairy site. An informal loan was also issued when Lowesloft Charity Board opened a new Separate bank acccounl and left some of its funds in the charity's bank account. Al the balance sheet dale £274,298 12024. £298,920) was due to the Lowesloft Charity Board. The balance is secured by a legal charge over some of of the charity's freehold property. The 8nlire amount is repayable by instalmenls over 25 years with interest currently a12¥o. A grant of £50,000 was paid lo The Parochial Church Council of The Ecclesiastical Parish of St Margaret Lowestoft in the period for urgent roof repairs, this is a charity which shares some of the same Iruslees. An additional £22,873 was paid to the charity in relation lo the surplus from the Eslale.