Parish of St Leonards on Sea St Leonard and St Ethelburga Registered Charity No 1132025 ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Accounts Page 2-6 Page 7 Page 8 Page 9 Page 10- 18 Minister in Charge: Revd Matthew Foy Honorary PCC Treasurer: Mrs Janet M. Crawford Independent Examiner: Debbie Hargreaves. FCA, Acuity Professional Partnership LLP Unit 2.02 High Weald House, Glovers End Bexhill on Sea TN39 SES Banks: National Westminster Bank PLC. Havelock Road, Hastings CAF Bank Ltd. West Malling. Kent, ME19 4JQ
St Ethelburga's Church, Annual Report 2024 Our aims and ur ose as a cha The PCC has the responsibilty of co-operating with the Priest in Charge in: the promotion ot the gospel of the Lord Jesus Christ according to the doctrines and praCtIS of the Church of England; promoting in the parish the whole mission of the church. pastoral, social, evangelistic and, ecumenical" to know Jesus better and make Him better known; practical support and care for people in the parish, from the youngest to the eldest, irrespective of level of need or, abilty to pay- and providing financial support those in need and, to other organisations with similar objectives. Ihen planning our activities for the year, the PCC considered the Charity Commission's guidan on public benefit and the specific guidan on 'charities for the advanment of religion.. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, fully recognising its duty to have due regard to House of Bishops. guidan on safeguarding children and vulnerable adults. lanned to do to achieve our charitable ob"ectives What we We enable as many people as possible to worship at our church: Enabling as many people as possible to become part of our parish communsty Teaching, baptising and nurturing new and existing believers. We offer services of worship to God: Maintaining an overview of worship throughout the parish Considering how ser41S can involve the many groups that live within the parish Putting faith into practice, through prayer and scripture, music and sacrament. We promote the gospel and pray that the unchurched may find life in Jesus Christ: Assisting people from all walks of life to develop their knowledge of, and trust in, Jesus Holding courses to advance religion and providing educational coutses Living out our Mission Statement- 'sking to be missional in all we do,. Establishing midweek small groups at which we leam about the Bible, with worship, prayer and fellowship. We engage in evangelism and outreach to the parish in various ways: Reaching out to the unchurched through provision of the community activities. This includes a toddler group and a community choir. We provide a building for people enjoy: Maintaining the fabric of the church building Enabling an appreciation of the church building by the communty as an important community facility. We provide tsngible pastoral and financial support to the poor and needy: Providing pastoral care for people whether part of the church family or not Collecting donations for the foodbank at harvest We consider the needs of people served by other charities and overseas Giving grants to wider Christian charities Giving grants to missionary organisations. What we achieved and how we affected le's lives-_ All significant decisions about the running of the Church are made by the PCC which met 6 times during 2024.
At the May APCM, we said thank you to Tina Jones who stepped down from the PCC. We also welcomed Nicky Jenner to the PCC. Attendance atworship The church family welcomes all who would like to know more about the Lord Jesus Christ. Attendance at worship is voluntary and open to all. At the APCM we had 71 people on the parish electoral roll. The average weekly attendance, as recorded in October. was 57 adults and 12 children. This had remained very static since 2022. During the Sunday morning servi, any children present have the opportunty to have a time of age-appropriate teaching and activities. In addition to our main Sunday morning Servi at 1 Oam, we also held a monthty midweek communion Servi and a monthly messy church service for local families. The Church also held a weekly prayer meeting on a Tuesday morning and a monthly prayer meeting in a Sunday afternoon. Teaching, baptising and nurturing new and existing believers In 2024 our Sunday senonS have looked at the bible books of Matthew, Acts and Proverbs with thematic series on the church. These Sermons have been given by the minister and the four authorised preachers. They aim to provide practical application of the bible to daily life. We also held two bring and share lunches in 2024 and a parish outing to Herstmonceux. In addition to our Sunday servIs, the church has six midweek groups where people meet for fellowship, bible study, prayer and mutual encouragement. Our minister also "engage" courses to enable people to investigate the Christian faith. In Lent 2024 we ran two book groups looking at the bible book of Lamentations and held a Quiet Morning at another local parish church. One member of the church family: Marian Povey died during 2024. We give thanks for her life and service of the church. There was also one wedding. one infant baptism and one further funeral in 2024. Evangelisrn and Outreach The Church continued to reach out to the local community through the church toddler group, Messy Church and Community Choir. We also held an aftemoon tea in conjunction with the West St Leonards Forum, a quiz night with fish and chips and three musical concerts. All these activities are open to everyone and the hope is that through the relationships built there will be opportunities to share the Christian faith. Church School The Church continues to have a very strong relationship with St Leonards CE Primary Academy. Our minister leads worship each week, a member of our church provides counselling through the Charity TLG (Transforming Lives for Good) and the church regularly gives the children a drama presentation through Open the Book. The school have al80 brought classes to the Church building to learn about the Christian faith. Provision of the church building for people to enjoy The Church building is used each week for a variety of church activitie8. Other non-church groups which met regularly in the church in 2024 included Rainbows; Brownies and the St Leonard's Writers.
Staffing Plans In 2024 the PCC took the decision to seek to raise funds to employ a part time Children and Families, workei. A successful bid for £15,000 of funding over three years was submttted to the Diocese of Chichester mission fund. The PCC intend to advertise the post in early 2025. It is hoped that by 8mploying a part time worker the charity will be able to expand and develop its ministry to children and young people. Maintenance and Improvement of the church building The Church has continued to maintain the building to enable Ft to be used for a range of ministry and community activities that will benefft many in the local neighbourhood. This has included: repairing and painting the fence around the boiler room; re-locating the memorial board from St Leonards Parish Church: purchasing some new rugs for the back of the building" purchasing an additional 25 chairs to increase the seating capacity. having the fire extinguishers tested and replaced where necessary. and having the grass regularly mown and the paths cleared of weeds. The church also successfully obtained a grant from the di0Se to fvnd 90 % of the work to repair the coping above the former north entran. This work is scheduled to start in early 2025. Church Properties The PCC continues to lease for the former church hall next to the church to a local business. The income supports the work of the church. The PCC also continues to rent out a two-bedroom flat it owns on the sea front. The PCC is also iesponsible for the churchyard of the former St Leonards Parish Church. This remains insured by the Diocese of Chichester on behaff of the PCC. The Diocese are in discussions with a possible future purchaser and it is hoped this might progress to a formal offer in 2025. Any future sale will be dependent on a suitable scheme being agreed with the Church Commissioners. Provision of pastoral care The church has a combination of midweek groups and a pastoral care team to support people within our church community. Provision of support to the poor and needy In September for harest we had a collection for the foodbank. The PCC also nominated three charities to receive our mission giving - Open Doors: Hastings Christian Schools Workers, and TLG (Transfomiing Lives for Good). Several other smaller grants were also given. In August 2024 the Hastings Christian Schools Workers aSed their work. The PCC decided to therefore support the charity Hope Now and especially their work in Ukraine. Future of the Charity It is the medium-term plan of the Diocese of Chichester to merge the Church with St Matthew's Church in St Leonards on Sea to form a new benefi. This pioject will only begin to progress on the future of the fonner church of St Leonard on the seafront has bn determined.
Financial Review The total receipts on general unrestricted fvnds were £78.096 and are detailed in the financial statements. The accounts have been prepared under Charity Commission regulations (SORP {FR.S 102)) INCOME In 2024 the planned giving increased by 3./0 and we are very grateful for the generosity of the congregation. The amount of Gift Aid claimed increased as did the amount of GASDS. We were also able to claim Gift Aid on some of the donations on the gift day. We had a number of donations for whAch we are grateful. We had an extremely successful gift day which raised £10,625. .Some of this money was transferred into a designated buildings fund for the repairs to the North Copings and the damp chan1 wall. We were pleased to have one wedding this year but sadly also had two funerals. We are grateful that the interest rates on the bank accounts are considerably higher than in the past few years and we are actually getting interest on the current account. EXPENDITURE The parish share this year remainder at £30,000 in line with the Di0san recommendation of 500fi of budgeted income. The PCC agreed to donate 100k of the planned giving to its nominated charities and the details of these donations can be found on page 17 (Notes 11 and 12) The cost of utilities was slightly higher than in 2023. We were able to complete a number of minor repairs to the building this year as outlined in note 8. We purchased a further 25 chairs and the cst of these is again moved into the furniture depreciation fund, the money being taken from the gift day donations. We also purchased two large rugs for the rear of the church using the funds from a previous legacy. We have renewed the lease on the church hall for a further 5 years. This did incur additiorial legal fees. Reserves Policy 1. It is PCC policy to maintain a balan on the general unrestricted funds (excluding property) which equates to approximately two month's worth of unrestricted working expenses as contingency against unforeseen situations. For 2024 this was £10,811. 2. It is PCC policy to invest fund balanS not immediatety required in the CAF Gold account
Administrative Information The parish is a chaity. (Registration No_ 1132025). During the year the following served as members of the Parochial Church Council (PCC): Minister in Charge Rev Matthew Foy Wardens: Mrs Sue Anderson Mr John Lyttle Representatives on the Deanery Synod: Mrs Tracey Foy (from APCM) Mrs Sue Jenner Mr Paul Longworth Elected members: Mrs Gillian Benge Mrs Felicia Duke Mrs Janet Crawford Mrs Brenda Flack Mr Thomas Harrison Mrs Ruth Hine Mts Nicola Jenner Mrs Patsy Johnson Mrs Tina Jones Mrs Annette Passley (from APCM) (from APCM) (from APCM) (to APCM) Structure, govemance and management Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent, lay readers and assistsnts linSed to officiate in the church), the churchwardens, members of the deanery synod (3 Parish ps. elected for three years (from 2023) at APCM) and 9 members, a third of which are elected for a perK)d of three years at the Annual Parochial Meeting (APCM). Members are warmly encouraged to stand for election to the PCC, and we try to ensure a balan of skills and experience where possible. Signed by Rev Matthew Foy Date LLelo31207r
Independent examiner's report on the accounts Report to the trusttesl members of ST LEONARD AND ST ETHELBURGA PCC On aceounts for the year ended 3111212024 Charity no 1132025 Set out on page8 I report to the trustees on my examination of the accounts of the above charity ("'the Trusf.) for the year ended 31112Q024 Responsibilities and basis As the charity's trustees, }rou are responsible for the preparation of the accounts of report in accordance with the requirements of the Charities Act 2011 ("the Act,). I report in respect of my eminatIon of thc Tt'S accounts carried out ulld¢r section 145 of the 2011 Act and in carrying out my examinatiotL I have followed all the applicable Directions given by the Charity Cornrnission ulldcr section 145(5)(b) of the Act. Independent examiner's ststement I have compI¢tcd my examination. I confirn that no material matters have come to my attention in connection with the eramination which gives me cause to believe that in. any material respect: the accounting records not kept in accordance ivith section 130 of the Charities Act" or the accounts did not accoTd with the accounting records; or the accounts did not comply with thc applicable requiremcnts concerning the forn] and content of accounts Kt out in the Charities (Accounts and ReEx)rts) Regulations 2008 other than any requirement that the accounts give a 'true and fair, vieiv ivhich is not a matter considered as part of an indepcndcnt examinatio I have no concerns and have come across no other matters in conn¢ction with the exajnination to which atteDtion should be drawn in this report in order to enable a proper understanding of the accounts to be reaclked. Signed: Date: Lply114 Nanie: DEBBIE HARGREAVES Relevant professional qualification{s) or body (rfany): FCA Address: ACUITY PROFESSIONAL PARTNERSHIP LLP UNIT 2.02. HIGH WEALD HOUSE. GLOVERS END. BEXHILL ON SEA, EAST SUSSEX. TN39 SES
ST LEONARD AND ST EfHELBURGA PAROCHIAL CHURCH COUNCIL STATEMEwf OF FINANCIAL AcfIviTIES for the year ended 31 st December 2024 The financial effect of our activities during the year can be surnmarised as follows: Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 Note INCOME AND ENDOWMEwfs FROM: Donations and Legacies 56,563 56,563 86,629 Charitable activities 1.372 1,372 860 Other trading activities 1,964 1,964 1,547 Investments 17,614 17,614 15,572 Other receipts 583 583 TOTAL INCOME 78,096 78,096 104.608 EXPENDITURE ON: Raising tunds Charitable actItieS (3,574) (62,850) (3,574) (67,211) (70,785) (2,913) {4,361) (84,453) TOTAL EXPENDITURE (66,424) (4,361) (87,366) NET INCOME OR (NET EXPENDITURE) 11,672 (4,3611 7,311 l 1.242 TRANSFER BWEEN FUNDS Reconciliation of funds: NET moMENT IN 11,672 (4,361) 7,311 17,242 FIINDS TOTALS B/F I JANUARY 144,143 45,124 189267 172,025 2024 TOTAL FUNDS C/F 31 DECEMBER 2024 155,815 40,763 196,578 189,267
ST LEONARD AND ST EfHEIBURGA PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 3 1ST DECEMBER 2024 Our fmancial position and summary of funds at the year end were- 2024 2023 Note Tangible fixed assets Tot21 red assets 161,691 169,844 161,691 169,844 Debtors 3,139 2.142 Short tern] deposits Cash at bank and in hand 36,947 22,323 Total Current assets 40,086 24,465 Cre&tors." amounts falling due Trvithin one year Net current assets or (liabilities) Total net assets or Oiabilities) (5,199) (5,042) 34,887 19,423 196,578 189,267 The funds of the charity: Restricted funds 40,763 45,124 Unrestricted fun& 155,815 144. 143 Total charity funds 196,578 189,267 This Financial Annual Report for the year ending 313t December 2024, including the notes following, was approved by the Parochial Church Council ffrustees) on &(512 S . and signed on its behalf by:_ Revd Matthew Foy (Chairman) Janet Crawford (Honorary Treasurer)
ST LEONARD AND ST ETHELBURGA PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 ACCOUNTING POLICIES Basis of preparation The PCC is a public benefrt entty within the rneaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and the Church Accouniing Regulations 2006. in accordance with the applicable accounting standards and the current (2016) Statement of Recornmended Practice, Accounting and Reporting by Charities (SORP (FRS102)) The financial statements have been prepared under the historic21 cost convention. The financial statements include all transaclions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those which are infonnal gatherings of church member Funds ac.c.ounting Funds held by the PCC are.. UnrBstricted funds - general funds which can be used for PCC ordinary purposes. Designated funds - monies set aside by the PCC out of unrestricted funds for specific purposes or projects_ Restricted funds - (a) income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest., (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year is caThied foDNard as a balan on that fund. Income and endowments All income and endowments, accounted for without deduction for any costs of re1vabl1, are recognised when there is evidence of entitlement, ceipt is probable, and the amount can be measured reliably. Donations and legacies Collections are recognised when reived. Planned giving re1vable is recognised only when there is evidence of entitlement. reIpt is probable and the amount accords with the Gift Aid dedaration or other record of intention to donate. Gift Aid recovered is recognised when the income to which it is attached is recognised. Grants and legacies are recognised when the fomal offer. in writing. of the funding is received by the PCC. Charitable Activities Statutory fees for weddings and funerals are recognised when the office occurs. Other trading activities Trading activities are where income is receivable in retum for selling goods or providing servi. Income from trading is recognised either a- when received, or b- in the case of concerts: for the year in which the event occurs, irrespective of date of receipt. Advan bookings are induded as creditors until the concert has tsken please. Rents from property are recognised in accordan wrth the rental agreements, when receipt is probable. 10-
Investment income Dividends are accounted for when due and payable. Interest entitlements are accounted for when they accrue. All other income All other income is recognised in accordance with Ihe above overall policy. Expenditure Expenditure is recognised when there is evidence of entiUemenL payment is probable, and the amount can be rneasured. Grants Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC. Church activities The dI0san parish share is accounted for on an annual basis. refiecting the allocation set by the Deanery. Any parish contribution unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balan sheet. Fixed assets Tangible fixed assets Consecrated and beneficed property of any kind is excluded from the accounts by s.10{2) of the Charities AGt 2011. Moveable church furnishings held by the Churchwardens on special trust for the PCC. and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the Church's Inventory which Gan be inspected but are not included in the financial statements. All expenditure on conseGrated or benefid buildings and individual items costing under £1,000 are written off in the year they were incurred. Depreciation Depreciation is calGulated to write down the cost of tangible fixed assets over their expected useful lives. The rates g8nerally applicable are: Freehold Property 2% straight line Leasehold Property Not prowded for Church equipment 1 OQh straight line Computer equipment 33.30h straight line No depreciation is provided on leasehold property as the useful economic life of these assets exceeds 50 years and residual values so high that potential depreciation would be immaterial. It is the PCC'S policy to maintain these assets in a continual state of sound repair. Provision will be made rf there has been any permanent diminution in value. Investments Investments are valued at cost at the balan sheet date Current assets Amounts owing to the PCC at 31 December in respect of fees. rents or other income are shown as debtors, less provision for amounts that may prove uncollectible. Short-temi deposits include cash held on deposit either with the CBF Church of England Funds or at the bank or building society. 11
NOTES TO THE FINANCIAL STATEMEwfs (continued) for the year ended 31st December 2024 2. ANALYSIS OF INCOME AND ENDOWMENrs. Unrestricted Restricted funds funds TOTAL 2024 TOTAL 2023 Planned gving (excl tsx refunds) Planned gving (no tax refunds) Loose cash collections Gift Aid Recovered Gfft Aid Small Donations Scheme Donations Gift Day Messy church L£gacies Grants Donations and legacies 16,266 19,066 932 5,335 1 ,446 2,831 10,625 62 16,266 19,066 932 5,335 14,802 19,310 759 4,130 1,367 2,512 4,181 82 970 38,516 86,629 2,831 10,625 62 56,563 56,563 Morning Stars Fees for weddings and fi]neraIs Charitable activities 590 782 1,372 590 782 1,372 561 299 860 Events Refreshments Easyfundraising Hiring of church prernises Other trading actiiqtiGS 894 364 16 690 1,964 698 258 36 555 1.547 16 690 1,964 Bank and CBF deposit interest Rent frotn letting of property Investments 424 17,190 17,614 424 17.190 17,614 306 15,266 15,572 Hall Insurance Healing fee Heating fee refia Other receipts Total income and endoTrvments on all funds 548 80 (45) 583 80 45 583 78,096 78,0% 104,608 12-
NO"rEs "ro THE FINANCIAL STATEMENfs (continued) for the year ended 31st December 2024 3. ANALYSIS OF EXPENDITURE Unrestricted funds Restricted funds TOTAL 2024 TOTAL 2023 Events Stéwardship iyists. Expenditure on flat Cost of raising funds 591 73 2,910 3,574 591 73 2,910 3,574 388 2,525 2,913 Misslon and Charitable GivAng (note 10/1 I) DAocesan pansh share Clergy and other expenses Church running expenses Church maintenance and repair (see note 8) Transfer cost of chairs to assets Hall costs Bank charges Upkeep of services (inc Messy Church) Children and Youth expenses Administration costs Refreshments Church insurance Photocopier Governance Church flat repairs Depreciation of hall and equip Cost of charitable activities 3,981 30,0(M) 2.403 7.432 3,981 30,000 2,403 7,432 3, 923 30,000 2,096 7,029 5.426 (2,249) 2,838 62 5,426 (2,249) 2,838 62 17,919 1.301 60 1.246 301 674 430 2.523 533 720 489 6,041 62,850 1,246 301 674 430 2,523 533 720 489 10,402 67,211 1.163 290 661 455 2,472 513 725 5.444 10.402 84,453 4,361 4,361 Total expended on all funds 66,424 4,361 70,785 87,366 13-
NOTES TO THE FINANCIAL STATEMENfs (continued) for the year ended 31st Deceniber 2024 4. TANGIBLE FIXED ASSErs Freehold Leasehold Church equipment land and Land and buildings Buildings Total Church Hall 35.0(K) Victoria Court 90,331 Church Heating Furniture project 43,614 Cost or valuation At l January 2024 Additions Disposals At31 December 53,406 222,351 2,249 2,249 2024 35.000 90,331 45,863 53.406 2?4,600 Depreciation At l January ?024 Provided in 16,100 4,361 32,046 52.507 year At31 December ?024 7(X) 4,361 5,341 10,402 16,800 8,722 37,387 62,909 Net book amounts At31 December 24 At 31 Decenjber 18,21N) 90,331 37,141 16,019 161,691 2023 18,900 90,33J 39,253 21,360 169, 844 The freehold propety consists of the Church Hall, the market value of which was estimated to be £35,000 by St Ethelburga's PCC in 1997. The long leasehold buildings comprise the investment property flat at 1 Victoria Court, Marina. The historical cost of this propety was £90,331. This is not depreciated on a yearly basis. The addition in year was the purchase of chairs. As these were purchased late in the year the cost has not been depreciated in 2024. DEBTORS 2024 2023 Income Tax recoverable + GASDS Prepayments and accrued income 2,319 820 3,139 1,435 707 2.142 14-
NOTES TO THE FINANCIAL STATEMENfs (continued) for the year ended 31st December 2024 CREDITORS: amounts falling due within one year 2024 2023 Accruals for utilities and other LY)sts Other creditors Agency funds in hand (Praise plaque resiting) Deferred income (wedding fees) 204 4,333 4,656 543 505 5.042 5,199 ANALYSIS OF NET ASSETS BY FUND Unrestrlcted fwids Restricted fimds Total 2024 Total 2023 Fixed assets for church use Current assets (except cash) Cash at bank and on deposit Current liabilities 126.799 3.139 31,076 (5.199) 155,815 34,892 161,691 3,139 36,947 (5.199) 196,578 169, 844 2, 142 22,323 (5,042) 189.267 5.871 40,763 SELEcfED MAJOR ITEMS OF MAlENANcE ITEM Heatin air hting repairs Window broken lass repair New ca ets for rear of church Repair to boilet toom fcncin 25 additional chairs Cost re 72.00 285.00 121.00 978.00 100.00 2,249.IX) 3,805.00 15
NOTES TO THE FINANCIAL STATEMENfs (continued) for the year ended 31st December 2024 9. STATEMEwf OF FUNDS Balance b/fwd lJaD24 Income E¥en(]iture Transfers Balance c/fwd 31 Dec 24 tlnrestricted and designated funds General Boiler depreciation Buildings Fund Chair Fund Furniture Depreaation Le Mission ¥ving Victoria Court (Church flat) 129,422 10,669 76,023 {51,728) (5,341) (11,011) 142,706 5,328 ?,532 2,249 2.249 (2,249) 4249 923 (923) (3,981) (2,202) (66,424) 3,981 3.129 144.143 78,096 155,815 Restricted funds Furniture depreciation Neighbours Youth Worker 39,253 (4,361) 34,892 5,303 45,174 189.267 5,303 40,763 196,578 (4,361) (70,785) Total funds 78,096 10. OVERSEAS CHARITABLE GIVING ?0?4 PCC Open Doors FIope Now 1,229 1,229 Total 2,458 16-
NOTES TO THE FINANCIAL sfATEMEwfs (continued) for the year ended 31st December 2024 12. HOME CHARITABLI GIVING 2024 pcc TLG Open the Book Messy Church EvaelICal Alliance Children's Society Christiiigle 1,228 100 100 45 50 Total 1,523 During the year there was a collection for the Macmillan Coffee moming which raised £381. Donations from the Christmas servi3 raised £265 for the Hastings Foodbank, and the Children's Society boxes raised £295 13. STAFF co¥rs No staff costs were paid during this financial year. PAYMENTS TO PCC MEMBERS One member of the PCC received £94 réinunératson for éxpénsés. 17-
NOTES TO THE FINANCIAL STATEMENfs (continued) for the year ended 31st December 2024 15. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES 2023 Unrestricted Restricted TOTAL Fund5 2023 INCOME AND ENDOWMENrs FROM: Donations and Lewes Charitsble aclivities 48,063 38,566 86,629 860 860 Other trading actiTrities 1,547 1,547 Investments 15,572 15,572 Other receipts TOTAL INCOME 66.042 38,566 104,608 EXPENDITIIRE ON: Raising funds Charitable activities (2,913) {2,913) (66,057) (18,396> (84,45 3) TOTAL EXPENDrrtlRE (68.970) (18,396) (87.366) NET INCOME OR (NET EXPENDrttlRE) (2,928) 20,170 17,242 TRANSFER BEfwEENI FUNDS Reconciliation of funds: (2,928) 20,170 17,242 NET MOVEMENf IN FUNDS TOTALS B/F I JANUARY 2023 147,071 24,954 172,025 TOTAL FUNDS C/F 31 DECEMBER 2023 144,143 45,124 189,267 18-