TRINITY Trustees Annual Report and Financial Statements The Parochlal Church Councll of the Eccleslastlcal Parlsh of TRINITY Church, LEWES TRINITY Church, St John sub-castro, Abinger Place, Lewes, East Sussex, BN7 2QA Re8lStered Charity no. 1131526 For the year ended 31st December 2024 CONTENTS Page Ito7 Trustees, annual report Statement of flnanclal activities Balance sheet 10 Statement of cashflows 11 to 20 Notes to the accounts 21 Report examlner of the independent Webslte., https://www.TRINITYlewes.orgl Incumbent: The Revd Anita Colpus The Rectory, Southover High Street, Southover, Lewe5. BN7 IHT Independent Examiner: Caroline Clarke 66 High Street, Lewes, BN7 IXG Bankers.. Barclays Bank plc, CAF Bank West Malling, CBF Church of England
TRINITY CHURCH LEWES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Introduction The Parochial Church Council IPCC) of the Ecclesiastical Parlsh of TRINITY in Lewe5, generally referred to as TRINir Church, Lewes, presents the Trustees, Annual Report and annual financial statements in accordance with charity law, Church of England guidance and the Statement of Recommended Practice Accounting for Charities, effective 2019. TRINITY Church Lewes comprises one parish operating from three church buildings, the Church of St John the Baptist in Southover, the Church of St Michael in South Malllng and the Church of St John sub-Ca5tro in the centre of Lewes. The church is within the Deanery of Lewes and Seaford and the Dlocese of Chichester. Members of the PCC for the time being are the trustees for charity law purposes. The administrative Information required is included on page 5. A5 explained more fully in the financial revlew below the total income for the year to 31 December 2024 wa5 £1,155,143. The threshold above which a charity require5 an audit is one mllllon pounds, Given that the reason the threshold was breached was the timing of two large exceptional items of Income, we applied to the Charltv Commls5ion for an exemption from audlt for the current year. This was granted and the report and counts have therefore been subject to independent examination as in prevlous years. The exemption was granted on condition that It was referred to In the Independent Examinerfs report (See page 211 and a copy of the annual report and flnanclal statements is sent to the Charlty Commlsslon. There are no changes in accountlng practSce arlslng from the exemptlon and the accounts for 2024 have been prepared on a consistent basis with those for 2023. Our aims and purposes as a charity Our vision is to see Ilves transformed by the love of Chrlst and our mlsslon is to build wholehearted disciples of Christ. We are a church that worshlps God, is sent by Jesus and is empowered by the Holy Splrlt to see all people and communities transformed by his love. In bringing the knowledge and experience of the love of God as demonstrated on the cross, TRINITY delivers public benefit through changed live5, hope for eternity and the practlcal working out of our faith in serving others in the community. The PCC has the responslbillty of co-operating with the incumbent, the Revd Anlta Colpus, in: The promotion of the Bospel of the Lord Jesus Christ accordin8 to the doctrines and practices of the Church of England Promoting in the parish the whole mission of the church, pastoral, social, evangelistic and, ecumenical Seeing lives transformed by the love of Jesus Belng and makin8 whole-hearted disciples of Jesus Christ Providing practical support and care for people in the parish. from the youngest to the eldest, irrespective of level of need or ability to pay Providing financial support to those in need and, to other organisations with similar objectives. Page I
TRINITY CHURCH LEWES TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 What we did to achieve our charitable objectives The incumbent, staff team and PCC, which comprise both ordained and lay members, paid staff and volunteers is responsible for developing and implementing our Mission Action Plan IMAP) taking into consideration the Charity Commission's guidance on public benefit and, in particular, the specific guidance on 'charities for the advancement of religion,. We ran a full programme of gathered worship services in all three churches including evening worshlp In Southover with a modern worship sep4ice. We retained our Live-stream ser¥ice from Southover and also began to Livestream services from St John sub-castro. Since the year end, we have Introduced a podcast service to enable parishloners to hear both sermons each week. TRINITY missional activities actlve throughout 2024 included. Monday Club Southover CounsellSng Lewes Sings Gospel Café 12131 Lighthouse and 8008le Bunch Sunday groups Youth work Alpha Creation Care Prospects Links Prayer meetings Baptisms, weddlngs and funerals, Full detalls of our actlvltles are Sncluded In our supplemental Actlvltles, Report which Is available from the TRINITY church office. In the period before Easter we ran One Way, our interattive exhibition about the life of Jesus Christ, at Southover whlch was attended by most of the junior schools in Lewes along with many local resldents and church members. Thls year has been one of consolidation for Café 12131 following its relaunch in autumn 2023. It continues to be a busy place serving a range of good food and drinks and being a place for chat and fellowship and to be aware of the presence of Je5US. Financial Review Unrestricted Funds Incomlnq and outyolng resources The Statement of Financial Activities ISOFAI on page 8 shows that TRINITh recorded a surplus of income over expenditure of £600,98012023 deficit- £21,181). This included two exceptional Items of incorne. In December 2024 we were advised of the receipt of £251,415 from the sale of Pells School in 2017. Also in December, we were advised of a legacy of more than £430,00 plus interest from the estate of Margaret Campbell which was recelved in January but which accounting standards required to be included as income in 2024. Had we not received these two sums we would have recorded a deficit due to the amount we needed to spend on various non-routine maintenance projects. At 31 December 2024 there were net assets of £1,673,079 {2023 -£1,072,099), of which £1,628,2801s the balance on general fund. Given the net book value of fixed assets of £494.702 the balance of free reserves of £1,133.578. Page 2
TRINITY CHURCH LEWES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The PCC, incumbent and staff team are acutely aware of the responsibility before God to use the resources which He has entrusted to them to furtherthe work of His Kingdom for His glory. A number of building project5 to improve the facilitles are currently beSng considered and there are signlficant refurbishment costs required in some areas. For some years we have had a designated fund for future capital and maintenance projects. At the end of the 2024 the balance on this fund was £67,612. Since the year end PCC has renamed the fund Major Projects Fund and approved a transfer of a further £600,000. The level of planned giving continued at a similar level in 2024 to that in 2023 and most costs were in line with previous years. The three areas of Significant change were: la) Maintenance. As noted above there was signlficant non-routine expendlture. Ib} Utillties. Durlng 2024 most of the fixed rate electricity and gas contracts expired and were renewed at higher rates, negotiated at a time of increasing rates, The first full year of these new rates will be in 2025. An increase in overall costs is therefore expected next year. {cl Café 12131. Both the level of actlvlty and costs Increased as the café became more popular and opened longer. In 2023 the café had been closed for part of the year. Although the café made an operating loss, it 15 regarded by PCC as an Integral part of our mlnlstry to the area and has been a blessing to many. Restrlrted funds The movements on restricted funds are disclosed in note 26. Endowment funds The endowment funds represent the remaining assets given by the Currey, Rickman and Breffltt famllles. There was no Income generated durlng the year. There was an increase In the valuatlon of the underlying investments and full detalls are glven In note 27. Reserves pollcy PCC reviews its reserve policy annually. The current policy to seek to maintain a balance on unrestrlcted funds as follow5.. l. Approximately three months of budgeted general fund payments plus an additlonal one month of salary cost5 a5 a contingency against unforeseen 5ituatlons. 2. A provlslon for the maintenance of the fabrlc of the church to meet costs arising every five years followlng the Church Architect's Quinquennial inspection of the buildinBS (estimated at £IO,CklO per annuml. This 15 reflected in the designated Major Projects Fund The unrestricted cash reserves on 31 December 2024 were substantlally higher than the sum defined above, resulting from the previously reported galns on the disposal of St John sub-castro Church Hall which occurred in 2021, larEe legacy received in 2022 and the legacy and proceeds of sale of Pells in 2024. As noted above, PCC continues to prayerfully identify a strategic use or uses for the funds associated with these one-off event5 In addition to the costs of refurbishment and repair of the buildings. Additionally, the budget for 2025 is forecasting a deficit of over £IOO,000 which will further reduce the surplus funds. Management of risks and their mitigation The PCC has an ongoing task of reviewlng the major rlsks whlch impact on the work of the churches in the parlsh. The usual PAT testing and fire extinEuisher checks have been carried out. The PCC confirms that the major rlsks to which the council has been exposed have been identified by risk analysis exercises carried out by Mr Andrew White. These have been reviewed and systems and procedures continue to be developed and refined to manage the risks. The PCC consider that the principal risks and uncertainties are: Page 3
TRINITY CHURCH LEWES TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 An unexpected fall in income, particularly given the dependence of the church on a limited number of major regular donors and the1055 of hire income. The requirement to find volunteers with the appropriate skills, time and commitment to support the ministry of the congregation. PCC seeks to manage these risks and uncertainties by regularly reviewing its Mission Action Plan and Its plans for the use of the church buildings. We aim to maintain our properties to a high standard and carry out the priority Items of a qulnquennial review in a timely manner. Safeguardlng The PCC has complled with the duty under sectlon S of the Safeguardlng and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops, guidance on safeguardlng children and vulnerable adults. All members of the church who have significant contact with children and vulnerable adults have been DBS checked as appropriate. We regularly carry out In-house tralnlng and attend Diocesan training as and when necessary, including safer church" and "safer recruitment" Our church is registered with Thlrtyone:El8ht, previously known as the Churches, Chikl Protection Advisory Service, and we access professional advice on issues as they arise as a matter of course. Future uncertainties In common wlth many employers TRINITY faces the inflationary impact of the changes to natlonal insurance and minimum wages legislation effective from 6 April 2025. The chan8e in rates and the lowerin8 of the annual allowance wlll result In a sl8nlflcant payment for the flrst tlme in three years. The uncertaln flnanclal sltuatlon In the economy means there Is some uncertalnty over the ablllty of parishioners to continue to give at the same level as currently. There may also be more call on our Hardship Trust Fund to help the neediest members of our con8re8ation. Post balance sheet events The PCC agreed to pay £150,000 as parish share for 2024. PCC approved the transfer of an addltlonal £600,000 to capltal reserve fund (see note 25) together with a tithe of IO% of the Margaret Campbell legacy, Page 4
TRINITY CHURCH LEWES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Administrative Information TRINITY Church is part of the Diocese of Chichester within the Church of England. All correspondence should be addressed to the Incumbent, the Reverend Anita Colpus at: The Rectory, Southover High Street, Lewes, East Sussex, BN7 IHT. The parish Is a charity and is registered with the Charity Commission separately from the Diocese. Structure, governance and management of the charlty Parochlal Church Councll: Members of the Parochial Church Council {PCC) are trustee5 for the purposes of charity law. Membership of the PCC is determined under the Church Representatlon Rules and consists of certaSn ex-officio members {the clergy, lay readers and Ilcensed workers),. three churchwardens, five Members of the Deanery Synod and nlne members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience. New members of PCC are given appropriate training dependant on prevlous experience. At 31 December 2024 there were 2 vacancies for Deanery Synod representatives. The PCC Is responsible for a wide range of matters affecting the parish, Including compliance wlth Health and Safety, Disability Legislation, Data Protection and Safeguardlng. In their capacity as Trustees, members of the PCC are responslble for the stewardshSp of funds and for the appropriate accountin8 and reporting of the parlsh finances. The Churchwardens, Secretary, Safeguarding Officer, Youth Minister, Children and Famllles Mlnister and Treasurer are each Invlted to attend courses run by the Diocese on thelr particular work. Regular malllngs from the Diocese keep these officers up to date with chan8es In church regulations, best practice and flnancial procedures and these are reported to the PCC as appropriate. The PCC has appointed Sandra Denton as our Safeguarding Offlcer ensurlng that all appropriate DBS {Disclosure and Barring ServSce) checks and safeguarding procedures are conducted on all those who work w5th children and vulnerable adults in the church. From 2011 the Wardens and Sldes-people have been trained in fire prevention and in the use of fire extinguishers by the local flre safety officer. This training is renewed every three years. There are also a number of Mlnlstry Teams that support the Rector which are responsible for specific areas of the church's activltles, and these reports are found in the TRINITY Minlstry Report. During the year the following served as members of the PCC.. Incumbent: Revd Anita Colpus Revd Jeremy Bamber Revd Paul Boulter Chair Associate Vicar5: Wardens: Mrjohn Jardine Mrs Sandra Denton Vice-chair Mr Jonathan Lamb from S May 2024 Readers: Mr John Jardine Licensed Lay Worker: Deanery Synod Reps: Mrs Janette Watkins Mrs Anne Almond Mrs Amelia Murphy Mr Martin Pett Page 5
TRINITY CHURCH LEWES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 310ECEMBER 2024 Mrs Sharon Phillips Mr William Telford until 16 October 2024 Elected Members: Dr Esi F. Appiah-Kusi Mr Jonathan Hunter until 2025 until 2025 Mrs Helen Parkyns Mr Timothy Telford Mrs Annette Melville until 2025 until 2027 until 2026 Mr Gareth Jones until 2026 Miss Christine Angell Mrs Elizabeth Kaye Non-voting observer5 Mr Timothy Charman The Standin8 Committee and the Staff team are detailed below,. Standlng Commlttee: This Is the only commlttee required by law. It meets as needed and it is accountable to the PCC. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the full PCC. The Finance and Remuneration Committee IFRC) oversees the general financial dimension of the work of TRINITY by monitoring income and expenditure, budgeting, and establishing and reviewing appropriate financial controls. The FRC is accountable to the PCC, and it works closely with the Rector. The Treasurer deals with the operational aspect5 of all income and expenditure and co-ordinates the Stewardship of money through planned givin8. For 2024 the Standing Committee comprised: Revd Anita Colpus Mr John Jardlne from 5 May 2024, until 2027 from 5 May 2024, until 2027 PCC Secretary Chair Warden Mrs Sandra Denton Warden Mrs Helen Parkyns Mr William Telford Treasurer Mrs Janette Watkins Staff team: The Staff team comprlses the leaders of key ministry areas of the church who work under the Rector's delegated responsibility. The close working of ordalned staff, ministry teams and the PCC Is a key strength of the way TRINITY work5. It provides important"check5 and balances" on decision making, facilitates Breater comrnunication between those that determine strategy and policy and those that serve the church in practical ways. It also allows for easier separation of duties according to gifts. ResponslbSlltles of the PCC members Charity law requires the PCC to prepare financial statements for each flnanclal year whlch give a true and fair view of the state of affairs of the Church as at the balance sheet date and of its incoming resources and application of resources including income and expenditure for the financial year. In preparing those financial statements, the PCC is required to: select suitable accounting policies and then apply them consistently: and make judgments and estimates that are reasonable and prudent," and state whether applicable accountlng standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Page 6
TRINITY CHURCH LEWES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Church will continue on that basis. The PCC is responsible for maintainlng proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Church and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. This Trustee5' Annual Report was approved by the PCC and signed on their behalf by The Revd Anita Colpus, PCC Chair Dated.. l May 2025 Page 7
TRINITY CHURCH LEWES STATEMENT OF FINANCIAL AcfiviTIES For the Year ended 31st December 2024 Unrestritted Funds Restricted Funds Endowment Funds TOTAL 2014 FUNDS 2023 Note Income from: Donatlons and legacles Grants Charltable activitles Other tradin8 actlvltles Investments Other 739,086 2,790 77,157 35,311 18,493 251,783 12,291 751,377 2,790 95.389 35,311 18.493 251,783 310,987 18,232 77,669 32,461 21,473 324 TOTAL INCOME 1,124,620 30,523 1,155,143 442,914 Expendlture on: Other tradlng actlvltles Charltable actlvltles 11,808 513,504 11,808 543,869 10,455 459,364 30,365 TOTAL EXPENDITURE 525,312 30,365 555,677 469,819 NEf INCOME BEFORE REVALUATION 599,308 158 599,466 126,905} Net 8alns/llossesl on Investments 19 1,317 196 1,513 5,724 NEf INCOMEI{EXPENDITURE) 600,625 158 196 600,979 121,1811 Transfers between funds NET MOVEMENT IN FUNDS 600,625 158 196 600,979 121,1811 Reconclllatlon of Funds Fund Balances brought forward at 1st January 2024 24 1,027,654 35,874 8,571 1,072,099 1,093,280 BALANCES CARRIED FORWARD AT 315t L)ECEMBER 2024 24 1,628,279 36,032 8,767 1.673.078 1.072,099 Page 8
TRINITY CHURCH LEWES BALANCE SHEET AS AT 31st DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangible Investments 18 19 494,702 67,615 495.077 66,102 CURRENT ASSETS Stock5 Debtors Short term deposits Cash at bank and in hand 20 21 22 22 1,200 478,573 576,192 74.660 1,130,625 1,200 42,663 429.419 51,886 525,168 UABILITIES . AMOUNTS FALLING DUE WITHIN ONE YEAR 23 19,862 14,248 NEf CURRENT ASSETS/(LIABIUTIES) 1,110,763 510,920 TOTAL ASSETS LESS CURRENT LIABILITIES 1,673,079 1,072,099 TOTAL NET ASSErs 1,673,079 1,072,099 FUNDS Unrestrlcted Restricted Endowment 25 26 27 1,628,279 36,032 8,767 1,027,654 35,874 8,571 24 1.673.078 1,072,099 Approved by the Parochial Church Councll on l May 2025 and sl8ned on its behalf by :. ITreasuier} (Chalr) The notes on pages 11 to 20 form part of these accounts. Page 9
TRINITY CHURCH LEWES STATEMENT OF CASH FLOWS For the Year ended 31st December 2024 2024 2023 ash flows from op¢ratln8 actlvlties Net cash piovided by (used Inj operating octlvltles 151,053 163,8331 Cash flows from Investlnl actlvltles Inte$t and rent recelved Proceeds from the sale of fixed assets Purchase of property and equlpment Net cosh provided by (used in ) investlng ortlvltles 18.493 21,473 18.493 21,473 Cash flow$ from Ilnan¢ln8 artl¥ltl Repayments of borrowing Net cosh provided by (used in Jfinonang cctivitie5 Chan8e In cash and cash equl¥alents In the year 169,546 142,3601 Cash and cash equivalents at the be8lnnln8 of the year 481.305 523,665 Cash and Cash equlvalents at the end of the year (Note 221 650,851 481.305 RECONCILIATION OF NET INCOME/{EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES Net In¢omel(expendltuie) lor the year las perthe Statement of Flnanclal Artlvltles) 600.979 121,1811 Adjustments for: IGain5111055es on Investments Interest and rent recelved Oepreciatlon char8e5 Ilncreaselldecrease in stocks Ilncreaselldecrease in debtors Increaselldecrea5el in credltors 11,5131 118,4931 375 15,724) 121,473) 506 248 17,482) 8,727) 1435,9091 5.614 1449.9261 142.6521 Net cash provlded by Iu5ed In) operatln8 actlvltles 15 1,053 163,8331 The notes on pages 11 to 20 form part of these accounts. Page 10
TRINITY CHURCH LEWES NOTES TOTHE FINANCIALSTATEMENTS for the year ended 31 December 2024 ACCOUNTING POLICIES Ila) 8asls of Preparatlon The PCC Is a publlc benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charitles Act 2011 and the Church Accountin8 Regulations 20b6, in accordance with applicable accounting standards and the current Statement of Recommended Practlce.. Accountln8 and ReportSn8 by Charities, ISORP IFRS 10211. The financial statements have been prepared under the historical cost cOnVentn as modified by the incluslon of investments at market value. The flnanclal statements Include all the transactlons, assets and liabllities for which the PCC Is re5ponslble In law. They do not Include the accounts of church groups that owe thelr affillatlon to another body, northose which are informal gatherings of thurch members. l(b) Funds Funds held by the PCC are:. Unrestrictedfvnds 8eneral funds that can be used for PCC ordinary Purposes. ttsignatedfvnds monles set aslde by the PCC out of unrestrlcted funds for speclflc future purposes or projects. Restrlctedfunds lal income Irom trusts or endowments that may be expended only on those restilcted objects provided in the terms of the trust or bequest, and Ibl donations or 8rants received for a speclflc object or Invlted by the PCC for a specthc object. The funds may only be expended on the specific object for whlch they were glven. Any balance remalnlng unspent at the end of each year must be carried forward as a balance on that fund. The PCC doe5 not usually Invest separately for each fund, Endowmentfunds funds the Capital of which must be maintained,. only income arising from investment of the endowment may be used elther a5 restricted or unrestrlcted fund5 depending upon the purpose for which the endowment was establlshed. The PCC may have the power to convert certain endowment funds into expendable income; such funds are known as expendable endowments. Ilcl Income and Endowments All income and endowments, accounted for wlthout deduction for any costs of receivability, are recognised when there Is evldence of entitlement, recelpt Is probable, and the amount can be measured reliably. Ildl Donatlons and Legacles Collections are reco8nised when recelved. Plonned gfving receivoble is recognised when there is evldence of entltlemenL recelpt Is probable, and the amount accords with the Gift Aid declaration or other record of intentlon to donate. Giftaid recovered is reco8ntsed when the income to which it is attached Is recognised. Gronts are reco8nlsed when the formal offer In wrlting of the fundin& Is received by the PCC. legaeies ore recognlsed when the trustees have been advlsed that there has been a grant of probate, the executors have establlshed.that there are sufficient assets in the estate to settle the legacy, after settllng all Ilabllitles, and any condltions which are In the control of the charity have been met. Ilel Charltable Actlvltles, Tradln8 Actlvltles and all Other Income Stotutoryfee5 for wedding5 and funeTals are recognlsed when the office occur5. Rentsfrom property are recognised in accordance with the reffital agreements. when receipt is probable. Trading activitie5 are where income15 recelvable in return for selllng goods of providing services, including short term rental of church bullding5. Income from trading 15 recognlsed wen recelvable. Adjustments are made at the year end to defer Income l{fl Invertment Income Dividends are accounted for when due and payable. Interest entltlements are accounted for as they accrue. 1{81 Gains and Losses on Investments Reallsed gains are recognised when the Investments are sold. Unrealised gains and losses are accounted for on revaluation at 31st December. Pagell
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 ACCOUNTING POLICIES Icontlnued) Ilh) Expendfture Expenditure Is reco8nlsed when there Is evldence of entitlement. payment Is probable, and the amount Can be measured reliably. Ill) Grants Grant5 and donation5 are accounted for when paid over, or when awarded where the award creates a bindlng obligation on the pcc. iui Charltable Actlvltles The diocesan parlsh contrlbution 15 accounted for on an annual basis, reflecting the Jllocatlon set by our Deanery. Ilk) Flxed Assets Tanglblefixed assets. Consecrated and beneficed property of any kind is excluded from the accounts by s.1012) of the Charltles Act 2011. Movable church furnlshin8s held by the Vicar and Churchwardens on special trust for the PCC, and whlch requlre a faculty for dlsposal, are accounted lor as Inallenable property unless consecrated. They are Ilsted in the church's inventory which can be Inspected but are not included in the financial statements. For inalienable property acquired prior to 2000, there is insufficient cost Information available and therefore such assets are not valued In the flnanclal statements. Indlvidual Items acqulred slnce 1st January 2000 have been caplta115ed in the financial 5tatement5 and depreclated over thelr useful economic life. All expenditure incurred in the year on conse¢rated or beneficed buildin85, individual items Costing under £10,000 or on the repalr of movable church furnlshlngs acqulred before 1st January 2000 is wrltten off. Freehold land and buildings are valued at orl8lnal cosl if known, or at valuation made Jfter 2015, Depreclatlon Is calculated to wrote down the cost of tanglble flxed assets, excludlng freehold properties, over their expected useful lives. The rate generally appllcable IS 25% on the reduclng balance basls. No depreclatlon is provlded on freehold bulldin8s as the useful economlc Ilfe of these assets exceeds 50 years and resldual values are so hlgh that potentlal depreclatlon would be Immaterlal. It Is the PCC'S pollcy to maintain these assets in a continual state of sound repair. Resulting from regular impairment reviews, provislon wlll be made If there has been any permanent diminution in value. Investments .' Investments are valued at market value at 31st December. 111) Stock5 St¢xks are included at the lower of cost and net realisable value. Ilml Funds recelved as a8ent Where gifts are recelved from individuals for passing to Mission Partners and other Christian or8anisations or Indlviduals, includln8 Harvest and Chrlstmas offerln8S. these amounts are recorded wlthin the TRINITY accounting records but are not Included within these financial statements as they are not under our control. In previous years these were Included wlthln restricted funds, There is no impact on the net income or net assets as a results of this change. Details of these receipts and payments are Shown In note 28. Page 12
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 INCOME FROM DONATIONS AND LEGACIES Unrestrlcted Restrlrted Endowment Funds Funds Funds TOTAL 2024 TOTAL 2023 Donations and le8acies Planned 8lvln8 Collections (open platel Special collections Donatlons Gift aid tsx claimed Legacies Total 221,508 5,744 4,660 300 226,168 6,044 222,275 7,727 26,337 53,112 432,385 739.086 6,193 1,138 32,530 54.250 432.385 751,377 32,A60 47,525 1.000 310,987 12.291 GRANTS RECEIVED Listed Places of Worship Scheme 2,790 2,790 2,790 2,790 INCOME FROM CHARITABLE AcfiviTIES 4{a) Parlsh servlces Parochial Fees income retained 2,168 2,168 3,428 4{b) Mlsslonal actlvltles Café 12131 Southover Counsellln8 Lewes Sin8s Gospel Monday Club Children's actlvltles Youth actlvltles Adult activities 52,398 52,398 4,073 15,934 3,241 3,148 548 13,779 93,121 28.648 13,270 15.698 3,070 3,729 4,073 15,934 3,241 3,148 548 2,861 74,889 10,918 18,232 9,822 74,241 TOTAL 77,157 18,232 95.389 77,669 INCOME FROM OTHER TRADING AcfiviTIES Lettlng of premlses 35,311 35,311 32,461 INCOME FROM INVESTMENTS Income from investment property Dividends and interest received 4,500 16,973 21,473 18,493 18.493 18.493 18,493 OTHER INCOME Miscellaneous Income 251,783 251,783 324 EXPENDITURE ON OTHER TRADING AcfiviTIES Letting of premlses 11,808 11,808 10,455 Page 13
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 Unrestricted Restricted Endowment Funds Fund5 Fund5 TOTAL 2024 TOTAL 2023 EXPENDITURE ON CHARITA8LE ACTIVITIES Ministry costs Missionary and charitable 8lvin8 Costs of mlsslon31 activltles Fabric costs Support costs Governance costs io li 12 13 14 Is 225,070 31,085 99.941 123,812 32.640 956 513.504 225,070 34,622 126,754 123,812 32.655 956 543,869 208,672 33,990 92,657 87,244 35,987 814 459,364 3,537 26,813 15 30,365 10 MINISTRY COSTS Oloce5an Parish Contribution Ministerial staff costs Mlnlsterlal staff expenses Accommodation cost5 Gifts and honoraria Cost of services Iso,000 54,722 3.362 11,188 65 5.733 225,070 150.000 54,722 3,362 11,188 65 141.148 46,158 2,750 11,014 946 6,656 208,672 225,070 11 MISSIONARY AND CHARITA8LE GIVING Pearls of Grace Open Hand5 SIM UK Llfe In Abundance UK Blble Society Nehemiah Constructlon (Harvest) Crawley Pr150n Fellowship Trust Fund Pastoral Beachy Head Chaplalncy Wycllffe Leprosy Mlsslon Family Support Work Amos Trust A Rocha Hornelink Children's Soclety Ichrlstmas) Church members Others under £1,000 7,500 7,500 7,500 4,115 1,500 1,500 1,500 2,500 1,790 2,500 1,790 I,o(h) 3,51XI 2,537 2,0(M) 1,000 3,500 1,500 2,260 3,500 3,500 2,537 2,000 3,000 4,595 3,000 4,595 3,500 2,115 1,500 5,200 5,200 1,000 I,0 31,085 3,537 34,622 33,990 12 COSTS OF MISSIONAL ACTIVITIES Café 12131- Staff costs Café 12131- Other costs Southover Counsellln8 Lewes Slngs Gospel Monday Club Children's mlnistries Creation Care Youth ministr les Adult mlnistries 51.445 26,819 51,44S 26,819 11,052 13,774 4.156 2,520 128 24,514 14,999 20,667 13,178 3,317 3,122 11.052 13,774 4.156 2,520 128 284 5,099 99,941 176 12.684 92.657 11,477 26,813 16,576 126,754 Page 14
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 13 FABRIC COSTS Unrestricted Restricted Endowment Funds Funds Funds TOTAL 2024 TOTAL 2023 Repalrs and maintenance Utllltles Cleanin8 and housekeepln8 Caretakin8 other property expenses Insurance Depreciation 59,899 34,905 17,307 59,899 34,905 17,307 37,236 24.179 9,425 900 3,869 11,128 507 87.244 11,326 375 123,812 11,326 375 123,812 14 SUPPORT COSTS Staff costs Office tosts Equipment purchases Tralnlng Bank charges Payroll servlces other expense5 12,235 9,283 7,861 1,721 1,274 220 46 32,640 12,235 9,283 7,861 1,721 1,289 220 46 32,655 11,394 9,564 10,422 1,443 1,394 1.400 370 35,987 15 15 15 GOVERNANCE COSTS Independent examiner PCC costs 800 156 956 580 234 814 156 956 TOTAL 2024 TOTAL 2023 16 STAFF COSTS Wa8es and salarles Soclal securlty costs Employer's contributlon to defined contrlbutlon penslon schemes Other forms of employee benefit 128,554 91,299 (2,6781 765 8,091 97,477 1,656 6,909 137,119 Average number of staff employed Number of employee5 who recelved emolument5 in exre55 of £60,OCM) The Rector and the A550ciate Vicar are employed by the Diocese and not Included here. 12.8 No remuneratlon wa5 pald to any member of the PCC for their duties a5 PCC members. All remuneration derive5 from their employment within TRINITY. Remuneration was paid to the following PCC members and close family members during the year. J Watkins (Pastoral Minister) - £13,47312023 -£12,774) W Telford ITreasurer) - £11,23512023 -£11.558). R Colpus (Premises Manager) husband ofthe Rector 411,808 {2023- £10,398). TTelford IYoLrth Minlsterl- £29,909 (2023 - £23,774 from l May 20231. This Includes provision of accommodatlon as a necessary part of his role. R Colpus { Part-time baristal daughter of the Rector- £6,356 {2023- £270 from I September 20231. Page 15
TRINITY CHURCH LEWES NOTES TO THE FINANCIALSTATEMENTS for the year ended 31 December 2024 17 RELATED PARTY TRANSAcfioNS No member of PCC Incurred expenses In relatlon to their role as trustees. The followln8 PCC members had links with TRINITr Mission Partners that recelved grants dvring the year',- J Lamb is a trustee of Life in Abundance {UKI and an employee of Beachy Head Chaplalncy Team. S Phllllps Is a trustee of Family Support Work. Detalls of the gifts made during the year are included in note 11. In accordance wlth best practice none of the trustees were directly involved In making the fundlng decisions rÈlevant to their tharities. A total of E91012023- E9491 was pald to the company Tech Medlc Ltd for IT support during the year. That company Is run by S 8amber, the son of Revd. J Bamber {PCC member). A further £420 was pald to Mr Bamber for audlo services in connection with Lewes Slngs Gospel. 18 TANGI8LE FIXED ASSETS Leasehold Freehold land land and and bulldli185 bulldln8S Audio v15ual equlpment TOTAL Cost or valuation,. At 1st January 2024 Additlons See11111 below Disposals - See livl below At 31st December 2024 425,851 67,726 31,686 525,263 425,851 67,726 31,686 525,263 Depreclatlon At 1st January 2024 Char8e for the year Dlsposals At 31st December 2024 30,186 375 30,186 375 30,561 30,561 Net book amounts At 31st December 2024 425,851 67,726 1.125 494,702 At 31st December 2023 425,851 67,726 1,500 495,077 The freehold land and bulldings comprise'.- Church End, I Cockshut Road Ihlstorlcal value) Trinity Southover Church Hall Ihistorlcal value) 222,500 203,351 425,851 The leasehold land and buildings comprlse:. 43 Wlnterbourne Lodge, Lewes 67,726 151 No recent valuation of Church End, I Cockshut Road has been Carried out. lill No recent valuation of Trlnlty Southover Church Hall has been carried out. {1111 Trlnlty purchased a one-third share of the lease of the resldential property 43 Wlnterbourne Lodge in February 2021. The property was purchased as a retirement home for the missionary Miss Christlne Angell. The lease is shared wlth The Whltefleld Christian Trust and Miss Angell, Page 16
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 19 INVESTMENT ASSETS Unrestricted Endowment Funds Funds TOTAL 2024 TOTAL 2023 uoted Investments Market value at 1st January 2024 Additionslldisposalsl Loss on dlsposal Revaluation gains/llossesl 57,531 8,571 66,102 60,378 1,317 196 1,513 5,724 Market value at 31st December 2024 58,848 8,767 67,615 66,102 At 31st December 2024, the market values of Indlvidual holdlngs were as follows . 2024 2023 C8F Investment Fund 2924.17 unlts 67,615 66.102 67,615 66,102 20 STOCK Comprises food stock held at Café 12131, 21 DEBTORS 2024 2023 Recoverable Gift Ald Debtors Prepayments and accrued Income 36,372 497 441,7tyI 478 573 30,325 5,083 7,255 22 CASH AND CASH EQUIVALENTS 2024 2023 Short term deposits- no notice required Bank current accounts Cash In hand 576,192 73,823 837 429,419 49,165 2,721 650,852 23 UA8ILITIES: AMOUNTS FALLING DiIE WITHIN ONE YEAR 2024 2023 Creditors for 8oods and services Accruals of utility and other costs 2,699 17,164 19.863 5,281 14.248 24 ANALY51S OF NET ASSET5 BY FUND Unrestricted Restricted Endowment Funds Funds Fund5 TAL Tangible fixed assets Investment assets Current assets Cufnt liabilities 494,702 58,848 1.094,517 {19,7871 494,702 67,615 1,130,624 119,862) 8,767 36,107 1751 Fund Balances 1,628,280 36,032 8,767 1,673,079 Page 17
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 25 UNRESTRICTED FUNDS Balance at 1st. January 2024 Balance at 31st December 2024 Movements in Resources Out8oln8 Transfers Gains/ (Losses) Incomin8 General Fund Designated Funds:. Capital Reserve 980,042 1,124,620 525,312 120,0001 1,317 1.560,667 47,612 1,027,654 1,124,620 20,000 67,612 1,317 1,628,279 525,312 26 RESTRICTED FUNDS 8alance at 1st. January 2024 Balance at 31st December 2024 Movements in Resources Incomin8 Out8oln8 Transfers Galns Creatlon Care Downlands Fund Landport Prolect Monday Club New Wlne Fund Or8an Restoratlon Ormerod Fund Rose Memorlal Fund Southover Communlty Care Southover Counselllng Tower Repalr Fund Trlnlty for Men Trinlty Women Trust Fund Pastoral 2,729 666 1.017 6,276 1261 128 2,574 666 1,017 4,725 5.675 581 1,661 140 1,460 7,471 250 2,185 1,295 6,331 36.032 3,605 5,675 5,156 581 1,661 140 1.460 8,620 9,903 250 4.520 3,664 150 27,741 11,052 2,322 1,684 8,718 35,874 4,656 4,053 2,537 27,583 The restrlcted funds generally comprlse donatlons and grants received for a speciflc object or invited by the PCC for speclfic objert. Restricted funds are not Invested separately or permanently but are to be spent wlthin a reasonable tlme. The funds for Creatlon Care, Monday Club, Southover Counsellln8. Trlnlty for Men and Trinlty Women represent net income of mlsslonal activities of groups which have been given specifically for such purposes or where the PCC has determined that the surplus should be applied only for such actlvities. The Mission and A8ency Funds are used to collect gifts made by church members for forwarding to Mlssion prayer partners and other third partles respectIVe. The Trust Fund Pastoral and The Downlands Fund have been established to provide help for the poor and the needy ofthe Parish. The Trust fund can be applied throu8hout the parish but the Downlands Fund can only be used within St John sub Castro. Page 18
TRINITY CHURCH LEWES NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2024 The Landport Fund was establlshed to 5UPPOrt TRINITY mission within Landport, The Organ Restoration Fund, the Ormerod Fund and the ROSÈ Memorlal Garden fund were establlshed to maintain specific facilities wlthin the church and grounds of St John sub Castro. The Tower Restoratlon Fund was established in 2024 to record 8lfts made speclfically for the restoration of the Tower and Clock at Southover Church. Durlng 2024 a donor kindly made donatlon5 to a5515t in costs associated with TRINITY members attending the New Wine Conference, including subsldising tickets for those who are unable to afford them, The New Wine Fund has been established to record these 81ft5 and other5 which may arlse from tlme to time. 27 ENDOWMENT FUNDS Balance at 1st. January 2024 Balance at 31st December 2024 Movements In Resources Galns/ (Losses) Incomln8 Out8oln8 Transfers Currey/Rlckman/Breffltt 8,571 8,571 196 196 8,767 8.767 The endowment funds represent the remaining assets given by the Currey• Rickman and Breffitt families. 28 FUNDS RECEIVED AS AGENT Ourlng the year £17,962 was recelved on behalf of other organisations. This included harvest 8lvln8 of £12.733 for the water project involving TRINITY members and Nehemiah Constructlon and Chrlstmas glvlng of £228 for the Childrens Society and £1,618 for Homelink. At 31 Detember £8,657 had not been pald over. Page 19
28 PRIOR YEAR STATEMENT QF FINANCIAL AcfiviTIES STATEMENT OF FINANCIAL AcfiviTIES For the Year ended 3tst December 2023 Unrestricted Funds Endowment Funds TOTAL 2023 Restrlcted Funds FUNDS 2022 Note Income and endowments trom. Donations and legades Charitable activities Other tradin8 activities Investments Other 303,546 55,409 32,461 21,473 324 7.441 22,260 310.987 77.669 32,461 21.473 324 439.799 93,872 25,566 10,307 483 TOTAL INCOME 413,213 29,701 442,914 570,027 Expendltui• on: Other tradSn8 aCtr¥itit5 Charitable activit*s 10,455 427,160 10,455 459.364 6,281 441.367 32.204 TOTAL ExpeNDITURE 437,615 32.204 469.819 447.648 Net g•lnslllossesl on Investments 19 4,987 737 5,724 {8,1001 NET INCOMVIEXPENDITURE) 119,4151 12,5031 737 121,1811 114,279 Transfers between funds NET MOVEMENT IN FUNDS 119,4151 12.5031 737 121.1811 114.279 Rt¢on¢lllatlon ol Funds Fund Balance5 brought forward at 1st January 2024 1,047,069 38,377 7.834 1,093.280 979.001 BALANCES CARRIED FORWARD AT 31st DECEMBER 1024 1.027.654 35,874 8.571 1,072,099 1,093,280 Page 20
INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF TRINITY CHURCH LEWES (Registered Charity Number 1131526) I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set OLrt on pages 8 to 20. Responsibllltles and basls of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requlrements of the Charities Act 20111"the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directlons given by the Charity Commlssion under section 145{5llb} of the Act, An Independent Examination has been carried rather than an audit under Regulatlon 31lfl. The th Charity has been granted an audit dispensation by the Charities Commission, dated 29 Januarv 2025. under Regulation 3413)(b) of the Charities (Accounts and Report5) Regulations 2008. This dlspensation is based on information provided by the Trustee that; the exceptional circumstances outlined mean that an audit would be disproportionate; there are no constitutional or other requirements on the charity which require an audit: and the charity Is not Incorporated under company law. Exceptlonal clrcumstances The high level of income during the year was entirely due to two transactlons; in December 2024 the receipt of £251,415 from the sale of Pells School in 2017 and a legacy payment of more than £430,000. 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 Act. I confirm that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants In England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that In any materlal respect.. the accountlng records were not kept in respect of the charlty as requlred by section 130 of the Charities Act; or the accounts did not accord with those records; or the accounts did not comply with the applicable requirements concerning the form and content of accourits set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair viev/ which is not a matter considered as part of an independent examination. Page 21
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TrINITY CHURCH LEWES (Reglstered Charlty Number 11315261 I have no concerns and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Caroline Clarke ACA 66 High Street Lewes BN7 IXG Dote.. l Moy 2025 Page 22