**REGISTERED CHARITY NUMBER: 1132236** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **FOR** **PCC OF RYE WITH RYE HARBOUR** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ **PCC OF RYE WITH RYE HARBOUR** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ||**Page**|**Page**|**Page**| |---|---|---|---| |**Report of the Trustees**|1|to|4| |**Independent Examiner's Report**||5|| |**Statement of Financial Activities**||6|| |**Balance Sheet**||7|| |**Notes to the Financial Statements**|8|to|15| **PCC OF RYE WITH RYE HARBOUR** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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). The parish is a charity with an income in excess of £100,000 and as such is required to be registered with the Charity Commission in accordance with the Charities Act 2006. The Parochial Church Council of the Ecclesiastical Parish of Rye with Rye Harbour was entered in the Register of Charities on 21st October 2009 (Registration number 1132236). During the year the following served as members of the Parochial Church Council (PCC): |Incumbent:|The Revd Paul White|Chairman| |---|---|---| |Readers:|Linda Estrada|Ex-Officio| |Wardens:|Graham Hurley|Ex-Officio| ||Shelley Jebb|Ex-Officio| |Deanery Synod:|Christine Emson|Ex-Officio| ||Linda Estrada|Ex-Officio| ||Shelley Jebb|Ex-Officio| ||David Ampthill|Ex-Officio| |Elected Members:|Christia Ampthill|| ||David Ampthill (Treasurer)|| ||David Angell|| ||Elizabeth Bamji|| ||KT Bruce|| ||Martin Bruce|| ||Christopher Cooper (from 22/5/23)|PCC Secretary and Health and| |||Safety| ||Sandra Cooper (from 22/5/23)|Parish Safeguarding Officer| ||William Everett (Co-opted from|| ||22/5/23)|| ||Virginia Festing|| ||Barry Nealon (until 22/5/23)|| ||Kathy Redman|| ||Brenda Snashall (until 22/5/23)|| ||Barbara Thornton-Rose (from 22/5/23)|| ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The primary objective of the PCC of Rye is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church pastoral, evangelistic, social and ecumenical. Page 1 **PCC OF RYE WITH RYE HARBOUR** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** ## **ACHIEVEMENT AND PERFORMANCE Church Attendance** There were 122 people on the church electoral roll at the last Annual Meeting of whom 75 regularly attend worship. ## **Review of the Year** 2023 was a full and active year in the life of St Mary-the-Virgin Church. The full PCC has met regularly during the year, at the St. Mary's Centre, and we are grateful to all those who have given their time to the church in this way. Churches Together in Rye and District continue to flourish and we are delighted to play our part in that. The year for CTRD started with an online Week of Prayer for Christian Unity followed by the Walk of Witness on Good Friday and joint services throughout the year, held at both St Mary's and Rye Baptist Church. Our Methodist siblings are using the St Mary's Centre regularly for worship, but have also joined us in St Mary's from time to time, and we are always happy to welcome them, not least as they supplement the choir so beautifully. This year saw fewer civic services than 2022 (which was an unusual year in that regard) but. St George's Day and Remembrance Sunday were both well attended, the latter seeing more than 500 in church. The Annual Lifeboat Service also took place at Rye Harbour with substantial numbers attending. The Christmas Services were busy with the Crib Service recording 600 in attendance, and we may need to lay on two services in 2024. We are now running a regular pattern of two services a month in Rye Harbour, alternating between a service of Holy Communion on the first Sunday of the month, and a themed Evening Praise service on the third Sunday. In September members of the PCC and other volunteers spent a busy day relocating the shop from the South Transept to the North Aisle, creating a new Chapel of Remembrance in the South Transept and moving three rows of pews from around the font. This was done under the auspices of a two year faculty with a view to improving both the aesthetics and the usability of our worship space. Some limited further re-ordering is planned in 2024 before it is hoped the new scheme is made final. Anecdotal reactions from worshippers and visitors to the new layout are positive. In October, we held our first Choral Evensong since well before lockdown and it is intended for this to become a quarterly event in 2024. Our links with Rye Primary School and Rye College have continued with services in Church (the Carol Service for Rye Primary and a Year 7 Welcome Service for Rye College) and both school having visits to Church. Our 'Open the Book' initiative in Rye Primary regrouped at the end of 2022 and is now going into the school approximately monthly and is well received. During 2023 ten baptisms, six weddings or wedding blessings and nine funerals or memorial services were held. Six members of our congregation were confirmed by Bishop Ruth in November. We held a Lent Course in the Rye Hub, together with the Parish of Winchelsea, which was well attended. St Mary's is, of course, part of the wider Rye Team Ministry and that team has sought to work more closely together throughout the year, and the updated Pendulum Magazine now has a more Team focused approach. Although we did not appoint a Team Vicar in Camber with East Guldeford we were joined by Rev'd Yvone Adam who is taking regular services there. Like all churches we face our share of challenges and uncertainties but, for all that, St Mary's is an active church for worshippers, for visitors and as part of the civic life of this town, and we give thanks for our many blessings. Page 2 **PCC OF RYE WITH RYE HARBOUR** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** ## **FINANCIAL REVIEW** ## **Financial position** The income for the General Fund (unrestricted and designated), for the year ended 31-Dec-23, was £234,518 (Dec-22 £211,295) and the expenditure was £251,238 (Dec-22 £257,982) i.e. our expenditure exceeded our income by £16,720 (deficit), £6,422 (deficit) after investment gains. Details of this can be found in the Financial Statements. As in previous years, our main item of expenditure was the diocesan parish contribution of £94,980 (Dec-22 £94,120). This figure pays for the stipend, housing and pension contributions of the clergy, Diocesan administration, clergy training and national church costs and includes a substantial contribution used directly to support Camber parish in the Rye Deanery. The St. Mary's Centre recorded a surplus of £4,066 in 2023 compared to a surplus of £9,962 in 2022. The total value of our combined investment portfolio has decreased in 2023, to £315,950 from £332,237 (Dec-22). This movement includes £25,711 of growth and a £41,998 drawdown due to a closure of one of the funds invested into. Our combined cash deposits have increased from £19,618 (Dec-22) to £37,119 (Dec-23). Our charitable giving has increased in the year to £988 (from Dec-22 £881). We also continue to support the Food Bank though various church activities. The Monastery Fund is being maintained as a permanent endowment based on the official asset valuation as at 31st December 2005. ln general terms, the term "permanent endowment" covers any land, investments or other assets which trustees cannot spend because of a restriction in the trust's governing document. The Monastery Fund currently has £747,742 reflected in freehold land and buildings, investments and cash. The PCC continues to be very grateful for ongoing support from the Friends of St Mary's who provide funds to the church towards buying equipment and funding essential repairs. ## **Reserves policy** It is PCC policy to retain enough capital and investments to underwrite any unforeseen expenses and to meet ongoing repair costs of the church buildings. ## **FUTURE PLANS** The ministry team will be enhanced in 2024 with the licensing to the Team of Rev'd Michael Georgiou as Assistant Curate and Permanent Deacon and, as deacon, it will be part of Rev'd Michael's role to help St Mary's reach beyond its walls in relation to both our town and the other team churches. It is envisaged that the re-ordering will be completed and that we can then further enhance both the visitor and worship experience. Our choral life and civic life will both continue to grow in 2024 with regular choral evensongs and a mayor making service. The parish will also be taking part in the Diocesan 'Great is Thy Faithfulness' course which will lead to further outreach events and courses at the end of 2024. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Organisational structure** Membership of the PCC is determined under the Church RepresentationaI Rules and consists of certain ex-officio members (the incumbent, curates, and lay readers licensed to officiate in the church), the church wardens and members of the Deanery and Diocesan Synods and 12 members of the church who are elected at the Annual Parochial Church Meeting (APCM). Members are encouraged to stand for election to the PCC and we try to ensure a balance of skills and experience where possible. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1132236 Page 3 **PCC OF RYE WITH RYE HARBOUR** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Principal address** St Mary's Centre Lion Street Rye East Sussex TN31 7LB **Trustees** Dr E Bamji Mr B Nealon Mrs K T Bruce Mrs C Emson Mr M Bruce Lord D Ampthill Mrs S Compton (resigned 1/1/2023) Mr G Hurley Mrs B Snashall Mrs S Jebb Mrs L Estrada Lady C Ampthill Mr D Angell Mrs K Redman Miss V Festing Mr W M Everett Revd P White Mr J Kent ## **Independent Examiner** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ Approved by order of the board of trustees on 12 May 2024 and signed on its behalf by: Revd P White - Trustee Page 4 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCC OF RYE WITH RYE HARBOUR** ## **Independent examiner's report to the trustees of PCC of Rye with Rye Harbour** I report to the charity trustees on my examination of the accounts of PCC of Rye with Rye Harbour (the Trust) for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** 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 material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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. Joseph Greenslade The Association of Chartered Certified Accountants Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ 21 October 2024 Page 5 **PCC OF RYE WITH RYE HARBOUR** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |Unrestricted
funds
Notes
£
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
**69,664**
**Charitable activities**
Church activities
**-**
Other trading activities
2
**150,023**
Investment income
3
**3,979**
Other income
**10,852**
**Total**
**234,518**
**EXPENDITURE ON**
Raising funds
**6,776**
**Charitable activities**
Church activities
**31,747**
Church ministry costs
**212,715**
**Total**
**251,238**
Net gains/(losses) on
investments
**10,298**
**NET**
**INCOME/(EXPENDITURE)**
**(6,422)**
**RECONCILIATION OF**
**FUNDS**
Total funds brought forward
**201,537**
**TOTAL FUNDS CARRIED**
**FORWARD**
**195,115**|Restricted
funds
£
**-**
**605**
**-**
**-**
**-**
**605**
**-**
**-**
**-**
**-**
**-**
**605**
**4,306**
**4,911**|Endowment
fund
£
**-**
**-**
**-**
**8,330**
**-**
**8,330**
**-**
**526**
**-**
**526**
**15,414**
**23,218**
**724,524**
**747,742**|**2023**
**Total**
**funds**
**£**
**69,664**
**605**
**150,023**
**12,309**
**10,852**
**243,453**
**6,776**
**32,273**
**212,715**
**251,764**
**25,712**
**17,401**
**930,367**
**947,768**|2022
Total
funds
£
59,385
685
136,247
13,327
10,104
219,748
6,032
58,090
194,634
258,756
(26,281)
(65,289)
995,656
930,367| |---|---|---|---|---| The notes form part of these financial statements Page 6 **PCC OF RYE WITH RYE HARBOUR** ## **BALANCE SHEET 31 DECEMBER 2023** ||||||||**2023**|2022| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted||Endowment|**Total**|Total| ||||funds|funds||fund|**funds**|funds| ||Notes||£|£||£|**£**|£| |**FIXED ASSETS**||||||||| |Tangible assets|7||**8,369**||**-**|**533,023**|**541,392**|542,938| |Investments|8||**148,501**||**-**|**167,449**|**315,950**|332,237| ||||**156,870**||**-**|**700,472**|**857,342**|875,175| |**CURRENT ASSETS**||||||||| |Stocks|9||**8,621**||**-**|**-**|**8,621**|8,621| |Debtors|10||**108,313**||**-**|**47,270**|**155,583**|158,963| |Cash at bank and in hand|||**32,208**|**4,911**||**-**|**37,119**|19,618| ||||**149,142**|**4,911**||**47,270**|**201,323**|187,202| |**CREDITORS**||||||||| |Amounts falling due within||||||||| |one year|11|**(110,897)**|||**-**|**-**|**(110,897)**|(132,010)| |**NET CURRENT ASSETS**|||**38,245**|**4,911**||**47,270**|**90,426**|55,192| |**TOTAL ASSETS LESS**||||||||| |**CURRENT LIABILITIES**|||**195,115**|**4,911**||**747,742**|**947,768**|930,367| |**NET ASSETS**|||**195,115**|**4,911**||**747,742**|**947,768**|930,367| |**FUNDS**|12|||||||| |Unrestricted funds|||||||**195,115**|201,537| |Restricted funds|||||||**4,911**|4,306| |Endowment funds|||||||**747,742**|724,524| |**TOTAL FUNDS**|||||||**947,768**|930,367| The financial statements were approved by the Board of Trustees and authorised for issue on 12 May 2024 and were signed on its behalf by: Revd P White - Trustee The notes form part of these financial statements Page 7 **PCC OF RYE WITH RYE HARBOUR NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **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. ## **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. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - not provided Fixtures and fittings - 25% on cost and Straight line over 20 years ## **STOCKS** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **TAXATION** The charity is exempt from tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are ,monies set aside out of unrestricted funds for a specific future purpose. 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 charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 8 **PCC OF RYE WITH RYE HARBOUR** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **2. OTHER TRADING ACTIVITIES** |Tower receipts
Income tax recoverable (tower)
Commercial bookings
Visitor centre (gift shop)
**3.**
**INVESTMENT INCOME**
Rents received
Other fixed asset invest - FII
Deposit account interest|**2023**
**£**
**108,594**
**11,549**
**20,348**
**9,532**
**150,023**
**2023**
**£**
**8,330**
**2,805**
**1,174**
**12,309**|2022
£
99,904
8,786
17,851
9,706|2022
£
99,904
8,786
17,851
9,706| |---|---|---|---| |||136,247|| ||||2022
£
7,638
5,132
557| ||||13,327| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
59,255
**Charitable activities**
Church activities
-
Other trading activities
136,247
Investment income
5,689
Other income
10,104
**Total**
211,295
**EXPENDITURE ON**
Raising funds
6,032
**Charitable activities**
Church activities
57,316
Church ministry costs
194,634
**Total**
257,982
Net gains/(losses) on investments
(14,755)|Restricted
funds
£
130
685
-
-
-
815
-
419
-
419
-|Endowment
fund
£
-
-
-
7,638
-
7,638
-
355
-
355
(11,526)|Total
funds
£
59,385
685
136,247
13,327
10,104
219,748
6,032
58,090
194,634
258,756
(26,281)| |---|---|---|---| continued... Page 9 **PCC OF RYE WITH RYE HARBOUR** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
Restricted
funds
funds
£
£
**NET INCOME/(EXPENDITURE)**
(61,442)
396
**RECONCILIATION OF FUNDS**
Total funds brought forward
262,979
3,910
**TOTAL FUNDS CARRIED FORWARD**
201,537
4,306|**continued**
Endowment
fund
£
(4,243)
728,767
724,524|Total
funds
£
(65,289)
995,656
930,367| |---|---|---| ## **6. INDEPENDENT EXAMINERS FEES** The Independent Examiner's remuneration represents the following: |The Independent Examiner's remuneration represents the following:||| |---|---|---| ||**2023**|2022| ||**£**|£| |Independent examination|**2,220**|2,160| |Other financial services|**1,530**|1,314| |||| ||**3,750**|3,474| |||| ## **7. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2023 and
31 December 2023
**DEPRECIATION**
At 1 January 2023
Charge for year
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022|Freehold
property
£
**533,023**
**-**
**-**
**-**
**533,023**
533,023|Fixtures
and
fittings
£
**30,919**
**21,004**
**1,546**
**22,550**
**8,369**
9,915|Totals
£
**563,942**| |---|---|---|---| ||||**21,004**
**1,546**| ||||**22,550**| ||||**541,392**| ||||542,938| The freehold land and buildings are owned by the Monastery Fund and comprise the house at 108 Pottingfield Road, Rye and the former Further Education Centre in Lion Street (St. Mary's Centre). The house is let and generating rental income and St Mary's Centre is used for ecclesiastical, educational and community purposes in accordance with the objectives of the underlying trust. The General Fund furniture, fittings and equipment comprises a boiler purchased for the Parish Church of St Mary the Virgin and a photocopier. The house at 108 Pottingfield Road, Rye is carried at 'fair market value' and the St Mary's Centre church hall building is carried as a heritage asset at historic cost. Extensive improvements (including renovating the roof and downpipes) to the St Mary's Centre were carried out in 2014. These costs have been capitalised as additions to the Tangible Fixed Assets above. The average price paid for semi-detached houses in Pottingfield Road over the past year was used to establish the 'fair market value' as at 31st December 2015 for 108 Pottingfield Road. continued... Page 10 **PCC OF RYE WITH RYE HARBOUR** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **8. FIXED ASSET INVESTMENTS** |**MARKET VALUE**
At 1 January 2023
Disposals
Revaluations
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022
There were no investment assets outside the UK.
Cost or valuation at 31 December 2023 is represented by:
Valuation in 2023
Cost
**9.**
**STOCKS**
**2023**
**£**
Stocks
**8,621**
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2023**
**£**
Other debtors
**155,583**||Unlisted
investment
£
**332,237**
**(41,999)**
**25,712**
**315,950**
**315,950**
332,237
**Unlisted**
**investmen**
**£**
**25,711**
**290,239**
**315,950**
2022
£
8,621
2022
£
158,963| |---|---|---| |||| |||| Included in other debtors is a total £108,709 which represents amounts owed between the designated,endowment and general funds. These amounts are created when transactions are settled with resources belonging to a different fund to which the transaction relates to. It is not always possible for transactions to be settled within the correct fund due to the lack of available cash resources. continued... Page 11 **PCC OF RYE WITH RYE HARBOUR** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---| |Taxation and social security
Other creditors|**2023**
**£**
**388**
**110,509**
**110,897**|2022
£
920
131,090| |||132,010| Included in other creditors is a total £108,707 which corresponds to the figure and further detail include above in note 9. ## **12. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Net|| |||movement|At| ||At 1/1/23|in funds|31/12/23| ||£|£|£| |**Unrestricted funds**|||| |General fund|**80,964**|**(34,744)**|**46,220**| |Rye Harbour Fabric|**67,623**|**9,478**|**77,101**| |Rye Fabric|**31,884**|**3,928**|**35,812**| |St Mary's Centre|**6,066**|**4,066**|**10,132**| |Legacies|**15,000**|**10,850**|**25,850**| ||**201,537**|**(6,422)**|**195,115**| |**Restricted funds**|||| |Flower|**1,753**|**384**|**2,137**| |Social|**2,423**|**221**|**2,644**| |Jack Greenhalf|**130**|**-**|**130**| ||**4,306**|**605**|**4,911**| |**Endowment funds**|||| |Monastery|**724,524**|**23,218**|**747,742**| |**TOTAL FUNDS**|**930,367**|**17,401**|**947,768**| continued... Page 12 **PCC OF RYE WITH RYE HARBOUR** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **12. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|**205,762**|**(240,506)**|**-**|**(34,744)**| |Rye Harbour Fabric|**1,874**|**-**|**7,604**|**9,478**| |Rye Fabric|**1,234**|**-**|**2,694**|**3,928**| |St Mary's Centre|**14,798**|**(10,732)**|**-**|**4,066**| |Legacies|**10,850**|**-**|**-**|**10,850**| ||**234,518**|**(251,238)**|**10,298**|**(6,422)**| |**Restricted funds**||||| |Flower|**384**|**-**|**-**|**384**| |Social|**221**|**-**|**-**|**221**| ||**605**|**-**|**-**|**605**| |**Endowment funds**||||| |Monastery|**8,330**|**(526)**|**15,414**|**23,218**| |**TOTAL FUNDS**|**243,453**|**(251,764)**|**25,712**|**17,401**| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
Rye Harbour Fabric
Rye Fabric
St Mary's Centre
Legacies
**Restricted funds**
Flower
Social
Jack Greenhalf
**Endowment funds**
Monastery
**TOTAL FUNDS**|At 1/1/22
£
144,985
76,590
32,028
(5,624)
15,000
262,979
1,667
2,243
-
3,910
728,767
995,656|Net
movement
in funds
£
(62,293)
(8,967)
(144)
9,962
-
(61,442)
86
180
130
396
(4,243)
(65,289)|At
31/12/22
£
82,692
67,623
31,884
4,338
15,000
201,537
1,753
2,423
130
4,306
724,524
930,367| |---|---|---|---| continued... Page 13 **PCC OF RYE WITH RYE HARBOUR** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **12. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|190,801|(253,094)|-|(62,293)| |Rye Harbour Fabric|3,166|-|(12,133)|(8,967)| |Rye Fabric|2,478|-|(2,622)|(144)| |St Mary's Centre|14,850|(4,888)|-|9,962| ||211,295|(257,982)|(14,755)|(61,442)| |**Restricted funds**||||| |Flower|505|(419)|-|86| |Social|180|-|-|180| |Jack Greenhalf|130|-|-|130| ||815|(419)|-|396| |**Endowment funds**||||| |Monastery|7,638|(355)|(11,526)|(4,243)| |**TOTAL FUNDS**|219,748|(258,756)|(26,281)|(65,289)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
Rye Harbour Fabric
Rye Fabric
St Mary's Centre
Legacies
**Restricted funds**
Flower
Social
Jack Greenhalf
**Endowment funds**
Monastery
**TOTAL FUNDS**|At 1/1/22
£
144,985
76,590
32,028
(5,624)
15,000
262,979
1,667
2,243
-
3,910
728,767
995,656|Net
movement
in funds
£
(97,037)
511
3,784
14,028
10,850
(67,864)
470
401
130
1,001
18,975
(47,888)|At
31/12/23
£
47,948
77,101
35,812
8,404
25,850
195,115
2,137
2,644
130
4,911
747,742
947,768| |---|---|---|---| continued... Page 14 **PCC OF RYE WITH RYE HARBOUR NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023** ## **12. 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: |**Unrestricted funds**
General fund
Rye Harbour Fabric
Rye Fabric
St Mary's Centre
Legacies
**Restricted funds**
Flower
Social
Jack Greenhalf
**Endowment funds**
Monastery
**TOTAL FUNDS**|Incoming
resources
£
396,563
5,040
3,712
29,648
10,850
445,813
889
401
130
1,420
15,968
463,201|Resources
expended
£
(493,600)
-
-
(15,620)
-
(509,220)
(419)
-
-
(419)
(881)
(510,520)|Gains and
losses
£
-
(4,529)
72
-
-
(4,457)
-
-
-
-
3,888
(569)|Movement
in funds
£
(97,037)
511
3,784
14,028
10,850
(67,864)
470
401
130
1,001
18,975
(47,888)| |---|---|---|---|---| ## **13. RELATED PARTY DISCLOSURES** During the year ended 31 December 2023 the charity received donations from two Trustees totalling £780. During the accounting period Trustee; Mr M Bruce received £120 in relation to organist services. Page 15