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← Chichester Harbour Trust

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 04553653 (England and Wales) REGISTERED CHARITY NUMBER: 1096308

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHICHESTER HARBOUR TRUST

Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

CHICHESTER HARBOUR TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17

CHICHESTER HARBOUR TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trust's principal activity and object, as stated in the memorandum and articles of association, is to acquire land, sites and buildings within the Chichester Harbour National Landscape and its setting of landscape, environmental, recreational or historic value and to promote the conservation, protection and improvement of the natural beauty and the wildlife of the area for the public benefit.

In pursuing the object of the Charity, the Trustees have referred to the Charity Commission's guidance on public benefit. All new acquisitions of land and the management of land held has been considered in the light of that guidance and Trustees have ensured that the Charity's activity has promoted the conservation, protection and improvement of the natural beauty and wildlife of the area for the benefit of all those members of the public who either live in or visit the Chichester Harbour National Landscape.

Page 1

CHICHESTER HARBOUR TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES Strategies for achieving objectives Development and Land Acquisition

In 2024/25 the Trustees have sought to continue the progress made since the formation of the Charity. They have ensured the proper conservation and maintenance of the sites in their stewardship.

The Charity made no further land acquisitions in 2024. The Charity's total land holding is 15 sites and over 375 acres.

Additionally, they have worked to increase awareness of the importance of the Charityt’s activities within the local community by campaigning on issues affecting the Harbour.

Activities for achieving objectives

Land Acquisition

The Charity has continued to engage in discussions over the possible purchase or lease of plots of land on both the West Sussex and Hampshire sides of the Harbour where it appears that the Charity may be able to assist in the protection of the landscape for the public benefit and a number of these negotiations continue.

Land in Trust Ownership

All the sites already owned by the Charity are in a good state of conservation and are managed by a combination of management agreements and leases.

The habitat restoration project at Marina Farm was formally opened to the public in April 2024 by Lady Emma Barnard, HM Lord-Lieutenant of West Sussex and Patron of the Trust.

Main activities undertaken to further the Charity's objectives

Promoting the Trust

The Trustees have continued to promote the Charity through the distribution of publicity material, website, social media and news outlets.

Additionally, the Charity has continued to foster its close links with the four local authorities that have jurisdiction in the area, all of which have expressed their strong support.

The website has been well used by those seeking information about the Charity.

Overall, the Trustees are satisfied that the Charity is increasingly well known and that the benefits it can offer for the conservation of Chichester Harbour are appreciated.

Page 2

CHICHESTER HARBOUR TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

Fundraising activities

The Trustees have continued to raise funds in order to fulfil the Charity's object when suitable opportunities for land acquisition arise and to maintain and improve those sites once acquired. During the year donations of £34,480 have been received, taking the Charity’s total resources to £2,772,059.

The Trustees believe that the Charity needs a fund if it is to act quickly and effectively to protect threatened areas of land. To this end the Fighting Fund campaign to build a capital reserve of at least £1.5m for the purchase of sites was launched at an event in June 2022 and remains open to donations.

The Trustees continue to believe that in the longer-term legacies will provide an important part of the Charity's income. They have once again emphasised legacies during all public fundraising activity during the year. They have also stressed the benefits of regular giving and encouraged supporters to donate by Standing Order.

The Charity has been supported by a number grant making trusts and bodies. West Sussex County Council has continued to contribute to the Charity’s administration costs through the provision of office space and facilities. The Trustees extend their thanks to these bodies.

The Trustees are particularly grateful to the many private individuals who have given their financial support to the Charity over the past year.

Factors relevant to the achievement of objectives

The trustees have wished to ensure that the administration of the Charity is conducted efficiently but as economically as possible, and to that end they continue to employ a Charity Administrator on a part time basis.

The Charity has continued to build up funds to allow it to fulfil its object when suitable opportunities for land acquisition arise.

FINANCIAL REVIEW

Investment policy and objectives

The Charityt's funds are deposited with Cambridge & Counties Bank and Santander UK, with a small cash account with Natwest. In addition, the Charity holds £258,203 in liquid investments with West Sussex County Council. (£50,000 transferred in June 2025)

Reserves policy

The Trustees have reviewed the position with regard to reserves and believe that it remains appropriate to retain a minimum of six months running costs as an operating reserve. General funds are held for future acquisitions of land, sites and buildings that meet the Charity's objectives of conservation and protection of natural beauty and wildlife.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the Charity 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.

Heritage assets

All the sites owned or leased by the Charity fall within the definition of Heritage Assets. A schedule of these assets including their valuation is included in the financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

The Chichester Harbour Trust was incorporated as a Private Limited Company on 4 October 2002 (Company No: 4553653) and was registered as a Charity with the Charity Commission under the Charities Act 1993 (Registered Charity No: 1096308). The Charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association. The Directors and Trustees confirm that the accounts comply with current statutory requirements and the charity's governing documents.

Page 3

CHICHESTER HARBOUR TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The management of the Charity is the responsibility of the Directors and Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.

Organisational structure

There are currently nine Trustees who set policies and decide the strategy of the Charity at regular meetings. New Trustees are appointed as required by the Board on the recommendation of individual Trustees, advertising for volunteers if necessary; and having regard for the need for an appropriate spread of experience and skill among members of the Board.

During the period 2024/25, no new Trustees were appointed. The then Chairman, John Nelson CBE DL, retired at the meeting on 26 April 2024. Nick Backhouse was appointed as Chairman at this meeting. Mr Stephen Smyth also retired on 26 April 2024.

The Trustees employ a Charity Administrator (on a part time basis) who has responsibility for the day-to-day running of the Charity including the supervision of the charity’s sites. The Trust Administrator's salary was increased to £33,500 p.a. recognising the rise in cost of living and inflation rates at the AGM in October 2024.

Risk management

The Trustees have reviewed the Charity's risk register that prioritises the perceived risks to the Charity by probability and impact and they are satisfied that the various controls and procedures in place adequately minimise the risks that have been identified.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04553653 (England and Wales)

Registered Charity number

1096308

Registered office

Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

Trustees

N Backhouse Chairman T E James A Jupp F MacFarlane H Patterson A Winch P Green J Nelson (resigned 26.04.2024) C Newell S Smyth (resigned 26.04.2024) H O'Sullivan

Company Secretary

N Horter

Page 4

Approved by order of the board of truste@s Of woes 17/11/2025 seeere and signed on its behalf by:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHICHESTER HARBOUR TRUST

Independent examiner's report to the trustees of Chichester Harbour Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the Charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts 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 your Charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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 accounts to be reached.

esha Sarah Alexander FCA FCCA

Lewis Brownlee (Chichester) Limited Chartered Accountants Appledram Barns Birdham Road Chichester West Sussex PO20 7EQ

28 November 2025 Date: .............................................

Page 6

CHICHESTER HARBOUR TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
42,475
Investment income
3
22,709
Total
65,184
EXPENDITURE ON
Charitable activities
4
Charitable activity
49,139
NET INCOME
16,045
RECONCILIATION OF FUNDS
Total funds brought forward
2,591,302
TOTAL FUNDS CARRIED FORWARD
**2,607,347 **		 Restricted
fund
£
9,334
-
9,334
-
9,334
155,378
164,712		 2025
Total
funds
£
51,809
22,709
74,518
49,139
25,379
2,746,680
2,772,059		 2024
Total
funds
£
292,920
18,125
311,045
42,932
268,113
2,478,567
2,746,680

The notes form part of these financial statements

Page 7

;

CHICHESTER HARBOUR TRUST

BALANCE SHEET 31 MARCH 2025

==> picture [446 x 361] intentionally omitted <==

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |‘|2025|2024| |Unrestricted|Restricted|Total|Total| |£|£|£|£| |Notes|funds|fund|funds|funds| |FIXED|ASSETS|:| |Heritage|assets|9|2,286,597|~|2,286,597|2,286,597| |CURRENT ASSETS| |Debtors|10|211,562|-|11,562|109,300| |Investments|it|208,203|~|208,203|119,354| |Cash|at|bank|113,030|164,712|277,742|242,913| |CREDITORS|332,795|164,712|497,507|471,567| |Amounts|falling|due|within|one|year|12|(12,045)|=|(12,045)|(11,484)| |NET CURRENT ASSETS|320,756|164,712|485,462|460,083| |TOTAL ASSETS LESS CURRENT LIABILITIES|2,607|347|164,712|2,772|059|2,746,680| |NET ASSETS|2,607,347|164,712|2,772,059|2,746,680| |FUNDS|13| |Unrestricted|funds:|;| |General|fund|300,750|284,705| |Fixed|Asset|Fund|2,286,597|2,286,597| |General|operating fund|20,000|20,000| |2,607,347|2,591,302| |Restricted funds|164,712|155,378| |TOTAL FUNDS|2,772,059|2,746,680|

----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ~ ended 31 March 2025.

. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

;

These financial staternents have been prepared in accordance with the provisions applicable to charitable companies subject to the smali companies regime. ; ChThe finangial}abe:statements and werewere approved signed onby its behalfthe Boardby: of Trustees and authorised for issue on

The notes form part of these financial statements

Page 8

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

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

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. the balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

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

Gift aid is recognised on receipt of the donation and when there is evidence of a gift aid declaration in place.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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 allocated on the portion of the asset's use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Heritage assets

Where heritage assets have been purchased, they are initially recognised at cost. After recognition, under the cost model, heritage assets are measured at cost less any accumulated depreciation and any accumulated impairment loss.

continued...

Page 9

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Taxation

The Charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Legacies
Grants		 2025
£
34,480
17,329
-
51,809		 2024
£
173,169
1,250
118,501
292,920

Grants received, included in the above, are as follows:

Chichester Harbour Conservancy
Friends of Chichester Harbour
The Boltini Trust
Chichester District Council
Southbourne Parish Council
Southern Water		 2025
£
-
-
-
-
-
-
-		 2024
£
31,813
5,000
10,000
1,449
5,000
65,239
118,501

3. INVESTMENT INCOME

Rents received
Deposit account interest
Investment income		 2025
£
10,680
3,180
8,849
22,709		 2024
£
12,027
657
5,441
18,125

continued...

Page 10

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

4. CHARITABLE ACTIVITIES COSTS

4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
£ £ £
Charitable activity 45,215 3,924 49,139
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
2025 2024
£ £
Staff costs 36,950 34,834
Insurance 408 408
Publicity 1,293 1,404
Office costs 1,862 1,586
Website costs 165 312
Grounds maintenance 2,184 -
Events 2,353 -
45,215 38,544
6. SUPPORT COSTS
Governance
costs
£
Charitable activity 3,924
Support costs, included in the above, are as follows:
2025 2024
Charitable Total
activity activities
£ £
Independent Examiner fees 3,024 3,560
Legal fees 900 828
3,924 4,388

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year 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.

continued...

Page 11

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration		 2025
£
32,710
3,259
981
36,950
2025
1		 2024
£
30,898
3,009
927
34,834
2024
1

No employees received emoluments in excess of £60,000.

There is one key management personnel being the Trust Administrator and company secretary. The total amount of employee benefits for services to the Charity during the year were £36,950 (2024: £34,834)

9. HERITAGE ASSETS

MARKET VALUE
At 1 April 2024 and 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Total
£
2,286,597
2,286,597
2,286,597

Heritage assets recognised on the Balance Sheet

Property
Seaview Road, Hayling Island (acquired 2008)
Waterside Meadow, Apuldram (acquired 2009)
Maybush Copse, Chidham (acquired 2009)
Sandy Point Lagoon, Hayling Island (acquired 2012)
Field at Wittering Road, Itchenor (acquired 2018)
Prinsted Land, Prinsted (acquired 2019)
Oyster Quay, Pook Lane, Warblington (acquired 2019)
Marina Farm, Thorney Road, Emsworth (acquired 2022)
Tournerbury Farm, Hayling Island (acquired 2022)		 Cost
£
20,000
100,000
215,000
6,000
178,823
277,877
50,962
428,350
1,009,585
2,286,597

Seaview Road - Freehold - 0.04 acres of grassland and 0.4 acres of intertidal mud. Leased to adjacent landowner with partial public access.

Waterside Meadow - Freehold - 15 acres of meadow, farmed by tenant farmer. Access via public footpaths.

Maybush Copse - Freehold - 8 acres of grassland and woodland. Open to the public.

Sandy Point Lagoon - Freehold - an 18.4 acre lagoon.

Field at Wittering Road - Freehold - 3.2 acres of grazing land.

continued...

Page 12

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9. HERITAGE ASSETS - continued

Prinsted Land - Freehold - 25 acres of arable land. Open to the public.

Oyster Quay - Freehold - A small intertidal wharf. Open to the public.

Marina Farm - Freehold - 2.5 acres of land. Open to the public.

Tournerbury Farm - 100 acres of land. Closed to the public.

Heritage assets donated to the Charity not recognised on the Balance Sheet

Chidmere Pond, Chidham (acquired 2005) - Freehold - a 4.5 acre lake, leased to adjacent landowner for 999 years. Maintained as a nature reserve but closed to the public.

Itchenor Meadow, Itchenor (acquired 2008) - Freehold - 0.25 acres of meadow. Open to the public.

Heritage assets donated to the Charity are not recognised on the Balance Sheet where no reliable cost information is available, and the Charity believes that the cost of obtaining that valuation outweighs the benefit to the user of the accounts. Details of these donated assets are disclosed above.

Heritage assets leased by the Charity not recognised on the Balance Sheet

The Dell, Chidham (acquired 2005) - Leasehold (125 years) - 1.3 acres of woodland leased from Chichester District Council and to be maintained as a nature reserve. Open to the public.

Ellanore Spit, Chichester Harbour (acquired 2006) - Leasehold (999 years) - 3 acres of vegetated shingle leased from adjacent landowner and to be maintained as a nature reserve. Open to the public.

Eames Farm, Thorney Island (acquired 2008) - Leasehold (999 years) - 176 acres of farmland including an education centre with coastal grazing marsh. Leased from West Sussex County Council and to be maintained as a nature reserve. Farmed by tenant farmer. Centre closed during Covid-19; ongoing use under review.

Fishbourne Meadow, Fishbourne (acquired 2011) - Leasehold (10 years) - 7 acres of meadow leased from West Sussex County Council to be maintained as a nature reserve. Open to the public.

Heritage assets that are leased to the Charity are not recognised on the Balance Sheet where there is no value to the leasehold or there is no reliable cost information available. Details of these leased assets are disclosed above.

All heritage assets held by the Charity have been identified as environmentally sensitive sites as described above.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments and accrued income		 2025
£
6,575
4,987
11,562		 2024
£
7,728
101,572
109,300

continued...

Page 13

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. CURRENT ASSET INVESTMENTS

Unlisted investments 2025
£
208,203		 2024
£
119,354

In order to obtain a competitive rate of interest, West Sussex County Council has invested monies on behalf of the Charity, along with their own investments on deposit.

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Accruals and deferred income		 2025
£
8,798
223
3,024
12,045		 2024
£
8,391
213
2,880
11,484

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Fixed Asset Fund
General operating fund
Restricted funds
Fighting Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Fighting Fund
TOTAL FUNDS		 At 1/4/24
£
284,705
2,286,597
20,000
2,591,302
155,378
2,746,680
Incoming
resources
£
65,184
9,334
74,518		 Net
movement
in funds
£
16,045
-
-
16,045
9,334
25,379
Resources
expended
£
(49,139)
-
**(49,139) **		 At 31/3/25
£
300,750
2,286,597
20,000
2,607,347
164,712
2,772,059
Movement
in funds
£
16,045
9,334
25,379

continued...

Page 14

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed Asset Fund
General operating fund
Restricted funds
Fighting Fund
TOTAL FUNDS		 Net
movement
At 1/4/23
in funds
£
£
232,776
151,613
2,186,913
-
20,000
-
2,439,689
151,613
38,878
116,500
2,478,567
268,113		 Transfers
between
funds
At 31/3/24
£
£
(99,684)
284,705
99,684
2,286,597
-
20,000
-
2,591,302
-
155,378
-
2,746,680

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 194,545 (42,932) 151,613
Restricted funds
Fighting Fund 116,500 - 116,500
TOTAL FUNDS 311,045 (42,932) 268,113

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Fixed Asset Fund
General operating fund
Restricted funds
Fighting Fund
TOTAL FUNDS		 Net
movement
At 1/4/23
in funds
£
£
232,776
167,658
2,186,913
-
20,000
-
2,439,689
167,658
38,878
125,834
2,478,567
293,492		 Transfers
between
funds
At 31/3/25
£
£
(99,684)
300,750
99,684
2,286,597
-
20,000
-
2,607,347
-
164,712
-
2,772,059

continued...

Page 15

CHICHESTER HARBOUR TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 259,729 (92,071) 167,658
Restricted funds
Fighting Fund 125,834 - 125,834
TOTAL FUNDS 385,563 (92,071) 293,492

Unrestricted funds

Certain unrestricted funds have been designated by the Trustees as follows:

Fixed asset fund - fixed assets held by the Charity and used to achieve their charitable objectives. General operating fund - funds designated to cover 6 months worth of operating costs.

Restricted funds

The Fighting fund is a campaign to build a capital reserve of at least £1.5m for the purchase of sites.

14. RELATED PARTY DISCLOSURES

Trustees and other related parties made donations to the Trust totalling £7,679 in the year ended 31st March 2025 (2024: £5,000).

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CHICHESTER HARBOUR TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Legacies
Grants
Investment income
Rents received
Deposit account interest
Investment income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Insurance
Publicity
Office costs
Website costs
Grounds maintenance
Events
Support costs
Governance costs
Independent Examiner fees
Legal fees
Total resources expended
Net income		 2025
£
34,480
17,329
-
51,809
10,680
3,180
8,849
22,709
74,518
32,710
3,259
981
408
1,293
1,862
165
2,184
2,353
45,215
3,024
900
3,924
49,139
25,379		 2024
£
173,169
1,250
118,501
292,920
12,027
657
5,441
18,125
311,045
30,898
3,009
927
408
1,404
1,586
312
-
-
38,544
3,560
828
4,388
42,932
268,113

This page does not form part of the statutory financial statements

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