**`REGISTERED CHARITY NUMBER: 1087321`**
## **`REPORT OF THE TRUSTEES AND`**
**`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`**
**`FOR`**
## **`CHRIST CHURCH ST LEONARDS OLD BUILDINGS`**
`Ashdown Hurrey Chartered Accountant & Business Advisers 20 Havelock Road Hastings East Sussex TN34 1BP`
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`11`|
|**`Detailed Statement of Financial Activities`**||`12`||
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2025. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objects of the Trust are:
```
`1. The advancement and promotion of theological education and training for lay and ordained persons in the Church of England;`
`2. meeting room(s) and related facilities for the use of the ecclesiastical parish of Christ Church, St Mary Magdalen and St Peter & St Paul St Leonards-on-Sea;`
`3. accommodation for members of the clergy and the families within the Church of England;`
```
4.forsuchothercharitablepurposesconnectedwiththeChurchofEnglandasthetrusteesafterconsultationwith the
incumbentorpriestforthetimebeinginchargeoftheecclesiasticalparishofChristChurch,StMaryMagdalenand St
Peter & St Paul St Leonards-on-Sea shall from time to time determine.
```
## **`Public benefit`**
```
TheobjectsofChristChurchStLeonardsOldBuildingsTrustfallwithinthedefinitionoftheadvancementof religion
whichformanyyearshasbeenacceptedasforthepublicbenefitandthereforecharitable.Underthe2011Charities Act
there is an overarching requirement that all charities must be for the public benefit.
```
```
ThetrusteeshavepaiddueregardtotheCharityCommissionsguidanceonpublicbenefitandaresatisfiedthat the
objects,aimsandactivitiesasdescribedinthereportareclearlyforthepublicbenefitandfortheadvancement of
religion and are therefore charitable.
```
```
InadditiontheleaseprovidedtoCA1066fortheMagnetCentreatabelowmarketrentwasapositivedecisionby the
TrusteestoassistCA1066inprovidingservicestothelocalcommunityincludingbenefitadviceandaccess, immigration
status,debt,housingandmanyotherneedsforthesupportofindividualsandfamiliesincrisis.Thisisa10year lease
with breaks every 3 years.
```
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Charitable activities`**
```
The trustees have six premises which satisfy the objects:
```
- `the Christ Church CofE Primary School formerly based in the Christ Church Buildings and which relocated in the 1990s,`
- `this land is subject to a 'Supplementary Agreement' with the Diocese of Chichester Academy Trust and satisfies object 4`
- `The Parish Centre satisfies object 2`
```
-Theavailabilityofadvice,supportandtrainingfacilitiesintheMagnetCentrefacilitatedbytheCitizensAdvice Bureau
(CA1066) and rooms in the Parish Centre satisfies object 1.
```
- `17 Alfred Street (aka the Curate's Flat) which satisfies object 3, currently the Curate's Flat is not used as a residence`
- `for a Minister of Religion so is let on a shorthold tenancy, which commenced on 1st May 2019.`
```
-RenaissanceHouse;afullrepairing125-yearleasewascompletedwithHastingsBoroughCouncilinMarch2006 on
thisbuilding,consideredaninvestmentproperty,whichfrontsontoLondonRoad,StLeonardsonSea.Incomefrom the
rentalofthepropertywhichisreceivedinAugustannuallyisusedtoforthemaintenanceoftheremainderof the
properties. The next rent review will be in 2027.
```
```
Page 1
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`**
## **`ACHIEVEMENTS AND PERFORMANCE`**
## **`Activities during the year`**
```
During the year the Board oversaw;
```
- `The continuation of a ten-year lease let to CA1066 (Citizens Advice Bureau) from 2/1/19`
```
- A continuation of a short-hold 1-year tenancy lease let as a private residence for 17 Alfred Street from 1/5/2020
```
- `The continuation of a rolling 1-year lease of the 'Parish Rooms' to the Christ Church PCC`
- `A continuation of a 125-year lease to Hastings Borough Council for the part of the building known as Renaissance`
- `House`
- `The Board met six times during 2024/25 and discussed and progressed where possible o A closer relationship with the Mother Agnus Trust (MAT)`
- `Fire Safety in the Old School Buildings (OSB)`
```
o Long term strategy of the use of the OSB including discussions with the Mother Agnes Trust and the Diocese
```
- `Anti-Social behaviour in and around the OSB and Christ Church`
```
o Compliance with the Charities Commission advice on Risk and Financial Control
```
```
o The replacement and fixing of an external purpose-built metal wrought iron security gate and new magna locks
o Ongoing minor maintenance repairs to OSB
```
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
ThetrusteeshaveconsideredthereservesoftheCharity.Incomeoffundslettingpropertyarelargelyusedto maintain
thebuildingsenablingtheircontinuedcharitableuse.Itistheintentionofthetrusteestohaveasmallreserveto cope
with any unexpected repairs and maintenance, this will be in the order of £40k.
```
## **`Mother Agnes Trust (MAT)`**
```
MAThavingprovidedhistoricfinancialsupport,suggestedthecarryingoutafeasibilitystudytoexplorethelong term
futureoftheOldSchoolBuildings(OSB)andtoincludeChristChurch.InOctober2023,DrEmmaArbuthnot (Senior
ChurchBuildingsOfficerfortheDioceseofChichester)producedadocument'Planningafeasibilitystudyfor Christ
ChurchOldBuildingsTrust:Considerations,optionsandpossiblenextsteps.Followingthis,a'CommunityAudit' was
carriedoutintheautumnof2024lookingattheneedsoftheparishandthelocalcommunity.Aninterimreportwith its
findingswasproduced,'PuttingChristChurchbackattheheartofthecommunity'(November2024)andpresented to
the MAT Trustees who received it favourably. The requested further work to be carried out.
```
## **`FUTURE PLANS`**
```
TheuseoftheSchoolland,the17AlfredStreet,theParishCentre,theMagnetCentreandRenaissanceHouse will
continue as now but is reviewed each year.
```
```
ItisanobjectiveoftheTrusteestodevelopalong-termplanforthewholeoftheOldSchoolBuildingstoensureit meets
the Objectives of the Trust, it is financially viable, and the fabric is maintained to an appropriate standard.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document and background`**
```
The Charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
```
```
Underthedeclarationoftrustdeeddated7March2001,theCharitywasregisteredbytheCharityCommissionon3 July
2001, and is governed by this declaration of trust.
```
```
On24December2002theTrustacquiredassetsandliabilitiesamountingto£58,926frompredecessortrustswith the
consent of the Charity Commissioners.
```
```
ThemajorassetacquiredwaslandandbuildingsinStLeonards-on-Sea.TheTrustundertookamajor redevelopment
projectinrespectofthelandandbuildings(whichwerederelict)soastorestorethemforuseintheobjectsofthe Trust.
The project in terms of development is complete and was largely financed by grants and loans.
```
```
Thelandandbuildingshavebeenrevaluednowtheprojectiscompletedandhavebeenrestatedintheaccounts at
marketvalue.Previouslythenetcostofthedevelopment(netofgrants)hadbeenaddedtothemarketvalueofthe land
and buildings transferred from the predecessor Trusts.
```
```
Page 2
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Recruitment and appointment of new trustees`**
```
Existing trustees appoint trustees at any time during the year under the terms of the Trust.
```
```
Thetrusteesconsideronaregularbasis,whetheradditionaltrusteesarerequiredtofulfilspecificroleswithinthe Charity.
Whenidentifyingnewtrustees,considerationisgiventotheirbackground,relevantprofessionalskillsandknowledge of
the area in which the Charity operates.
```
```
DuringtheyeartheoriginalBoardmetsixtimes,theboardbeingthemembershipoftheRtRevdPeterWheatley,the Rt
RevdNicholasReade,MrsMaureenHarman,MrsSusanParsons,MrPaulLewis,FrThomasCrowley,MrAndrew Knight
and newly appointed Mr Peter King as both Trustee and clerk.
```
```
Rt Revd Peter Wheatley resigned as Trustee on 23 January 2025
```
```
New trustees, where appropriate, receive training from the Charity's professional advisors and the existing trustees.
```
## **`Organisational structure`**
```
Thetrusteesmeetthroughouttheyeartodiscussmatterstodateandtoreachagreementonsignificantdecisionsto be
made.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1087321
```
## **`Principal address`**
```
2 Christ Church Courtyard
London Road
St Leonards on Sea
East Sussex
TN37 6GL
```
## **`Trustees`**
```
M E Harman
N Reade
P Wheatley (resigned 23.1.25)
P Lewis
S Parsons
A Knight
T P V Crowley
P King
```
## **`Independent Examiner`**
```
Ashdown Hurrey
Chartered Accountant & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
```
```
Approved by order of the board of trustees on 22 January 2026 and signed on its behalf by:
```
```
T P V Crowley - Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`Independent examiner's report to the trustees of Christ Church St Leonards Old Buildings`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofChristChurchStLeonardsOldBuildings(the Trust)
for the year ended 31 March 2025.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
S Rosling FCCA
```
```
Ashdown Hurrey
Chartered Accountant & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP
```
```
29 January 2026
```
```
Page 4
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`Charitable activities`
`Investment income`
`2`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`Other`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`31.3.25`
`Unrestricted`
`fund`
`£`
`8,880`
`30,346`
`39,226`
`15,435`
`4,398`
`19,833`
`19,393`
`954,550`
`973,943`|`31.3.24`
`Total`
`funds`
`£`
`8,448`
`112,637`
`121,085`
`180,801`
`1,440`
`182,241`
`(61,156)`
`1,015,706`
`954,550`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 5
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`BALANCE SHEET 31 MARCH 2025`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`5`
**`CURRENT ASSETS`**
`Debtors`
`6`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`7`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`8`
`Unrestricted funds`
**`TOTAL FUNDS`**|`31.3.25`
`Unrestricted`
`fund`
`£`
`868,313`
`2,294`
`109,861`
`112,155`
`(6,525)`
`105,630`
`973,943`
`973,943`
`973,943`
`973,943`|`31.3.24`
`Total`
`funds`
`£`
`872,711`
`2,211`
`86,017`
`88,228`
`(6,389)`
`81,839`
`954,550`
`954,550`
`954,550`
`954,550`|
|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon22January2026and were
signed on its behalf by:
```
```
T P V Crowley - Trustee
```
```
P King - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
```
```
Old Buildings- not provided
Fixtures and fittings- 25% on reducing balance
```
```
Expendituremeetingthedefinitionoffixedassetsarecapitalisedatthetrustees'discretionhavingdueregard to
expected economic life and cost.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
## **`2. INVESTMENT INCOME`**
|`Rental income`
`Service charges`
`Deposit account interest`|`31.3.25`
`£`
`20,329`
`8,597`
`1,420`
`30,346`|`31.3.24`
`£`
`20,334`
`90,926`
`1,377`|
|---|---|---|
|||`112,637`|
```
continued...
```
```
Page 7
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`3. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
```
## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
**`Charitable activities`**
`Charitable activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activities`
`Other`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 April 2024 and 31 March 2025`
**`DEPRECIATION`**
`At 1 April 2024`
`Charge for year`
`At 31 March 2025`
**`NET BOOK VALUE`**
`At 31 March 2025`
`At 31 March 2024`|`Old`
`Buildings`
`£`
`865,100`
`-`
`-`
`-`
`865,100`
`865,100`|`Fixtures`
`and`
`fittings`
`£`
`20,979`
`13,368`
`4,398`
`17,766`
`3,213`
`7,611`|`Unrestricted`
`fund`
`£`
`8,448`
`112,637`
`121,085`
`180,801`
`1,440`
`182,241`
`(61,156)`
`1,015,706`
`954,550`
`Totals`
`£`
`886,079`
`13,368`
`4,398`
`17,766`
`868,313`
`872,711`|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
|||||
## **`5. TANGIBLE FIXED ASSETS`**
```
Thecharityundertookamajordevelopmentandimprovementontheoldbuildingsthatitacquired from
predecessor trusts. The development was funded by grants and loans.
```
```
continued...
```
```
Page 8
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`5. TANGIBLE FIXED ASSETS - continued`**
```
Followingthecompletionofthedevelopmentthelandandbuildingswereprofessionallyvalued.The external
valuationwasbasedonaninspectionofthepremisesmadebyODyerMRICSIndependentValuer,on8 March
2017 and 3 April 2017.
```
```
The professional property valuations referred to above were:
```
|`Former Magnet Centre, Parish Centre and Curate's Flat`|`475,000`|
|---|---|
|`Christ Church Hall (Building 1)`|`390,000`|
|`Parcel of land`|`100`|
|||
||`865,100`|
|||
```
Thetrusteesconsiderthevaluationtobefornonspecificuseofthebuildingsandassuchthevaluesof the
propertiesinthefinancialstatementsisthetransfervaluefrompredecessortrustspluscostofdevelopment and
improvementworks,lessgrants.Thetrusteesconsidertheabovevaluationasat31March2017toreflectthe fair
value as at 31 March 2025.
```
## **`6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Prepayments`
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Accruals`
`Deferred income`
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.4.24`
`£`
`954,550`
`954,550`
`Incoming`
`resources`
`£`
`39,226`
`39,226`|`31.3.25`
`31.3.24`
`£`
`£`
`2,294`
`2,211`
`31.3.25`
`31.3.24`
`£`
`£`
`1,575`
`1,439`
`4,950`
`4,950`
`6,525`
`6,389`
`Net`
`movement`
`At`
`in funds`
`31.3.25`
`£`
`£`
`19,393`
`973,943`
`19,393`
`973,943`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(19,833)`
`19,393`
`(19,833)`
`19,393`|`31.3.24`
`£`
`2,211`
`31.3.24`
`£`
`1,439`
`4,950`
`6,389`
`At`
`31.3.25`
`£`
`973,943`|`31.3.24`
`£`
`2,211`
`31.3.24`
`£`
`1,439`
`4,950`
`6,389`
`At`
`31.3.25`
`£`
`973,943`|
|---|---|---|---|---|
||||`973,943`||
|||||`19,393`|
## **`7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
## **`8. MOVEMENT IN FUNDS`**
```
continued...
```
```
Page 9
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`8. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.4.23`
`£`
`1,015,706`
`1,015,706`|`Net`
`movement`
`in funds`
`£`
`(61,156)`
`(61,156)`|`At`
`31.3.24`
`£`
`954,550`|
|---|---|---|---|
||||`954,550`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`121,085`
`121,085`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(182,241)`
`(61,156)`
`(182,241)`
`(61,156)`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(182,241)`
`(61,156)`
`(182,241)`
`(61,156)`|
|---|---|---|---|
||||`(61,156)`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|`At 1.4.23`
`£`
**`Unrestricted funds`**
`General fund`
`1,015,706`
**`TOTAL FUNDS`**
`1,015,706`|`Net`
`movement`
`in funds`
`£`
`(41,763)`
`(41,763)`|`At`
`31.3.25`
`£`
`973,943`|
|---|---|---|
|||`973,943`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`160,311`|`(202,074)`|`(41,763)`|
|**`TOTAL FUNDS`**|`160,311`|`(202,074)`|`(41,763)`|
```
continued...
```
```
Page 10
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`**
## **`9. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 March 2025.
```
```
Page 11
```
```
CHRIST CHURCH ST LEONARDS OLD BUILDINGS
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`**
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 31 MARCH 2025`**|||
|---|---|---|
||`31.3.25`|`31.3.24`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Investment income`**|||
|`Rental income`|`20,329`|`20,334`|
|`Service charges`|`8,597`|`90,926`|
|`Deposit account interest`|`1,420`|`1,377`|
||`30,346`|`112,637`|
|**`Charitable activities`**|||
|`Curate's flat income`|`8,880`|`8,448`|
|**`Total incoming resources`**|`39,226`|`121,085`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Insurance`|`4,505`|`4,326`|
|`Premises expenses`|`7,736`|`167,158`|
||`12,241`|`171,484`|
|**`Support costs`**|||
|**`Management`**|||
|`Fixtures and fittings`|`4,398`|`-`|
|**`Governance costs`**|||
|`Accountancy`|`1,636`|`1,440`|
|`Professional fees`|`1,558`|`9,317`|
||`3,194`|`10,757`|
|`Total resources expended`|`19,833`|`182,241`|
|**`Net income/(expenditure)`**|`19,393`|`(61,156)`|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```