``` REGISTERED CHARITY NUMBER: 1132236 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ``` ## **`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 31ST DECEMBER 2024`** **----- Start of picture text -----**
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 16
**----- End of picture text -----**
``` PCC OF RYE WITH RYE HARBOUR ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended 31stDecember2024.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective 1 January 2019). ``` ``` Theparishisacharitywithanincomeinexcessof£100,000andassuchisrequiredtobe registered withtheCharityCommissioninaccordancewiththeCharitiesAct2006.TheParochialChurchCouncil of theEcclesiasticalParishofRyewithRyeHarbourwasenteredintheRegisterofCharitieson21st 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`| ||`Sandra Cooper`|`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 (until 12th May 2024)`|| ||`Martin Bruce (until 12th May 2024)`|| ||`David Carter (from 12th May 2024)`|| ||`Christopher Cooper`|`PCC Secretary and Health and`| |||`Safety`| ||`Sandra Cooper`|`Parish Safeguarding Officer`| ||`William Everett`|| ||`Virginia Festing`|| ||`Anthony Kimber (from 12th May 2024)`|| ||`Kathy Redman`|| ||`Barbara Thornton-Rose`|| ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` TheprimaryobjectiveofthePCCofRyeisthepromotionoftheGospelofourLordJesusChrist according tothedoctrinesandpracticesoftheChurchofEngland.ThePCChastheresponsibilityof co-operating withtheincumbentinpromotingintheecclesiasticalparishthewholemissionoftheChurch pastoral, evangelistic, social and ecumenical. ``` ``` Page 1 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`ACHIEVEMENTS AND PERFORMANCE`** ## **`Church Attendance`** ``` Therewere122peopleonthechurchelectoralrollatthelastAnnualMeetingofwhom75 regularly attend worship. ``` ## **`Review of the Year`** ``` 2024 was a full and active year in the life of St Mary-the-Virgin Church. ``` ``` ThefullPCChasmetregularlyduringtheyear,attheSt.Mary'sCentre,andwearegratefultoall those who have given their time to the church in this way. ``` ``` ChurchesTogetherinRyeandDistrictcontinuetoflourishandwearedelightedtoplayourpartin that. TheyearforCTRDstartedwithanonlineWeekofPrayerforChristianUnityfollowedbytheWalk of WitnessonGoodFridayandjointservicesthroughouttheyear,heldatbothStMary'sandRye Baptist Church.OurMethodistsiblingsareusingtheStMary'sCentreregularlyforworship,buthavealso joined usinStMary'sfromtimetotime,andwearealwayshappytowelcomethem,notleastas they supplement the choir so beautifully. ``` ``` ThisyearsawourusualrangerofcivicservicesincludingMayorMaking,StGeorge'sDay and RemembranceSundaywhichwereallwellattended,andthelatterseeingmorethan500inchurch. The AnnualLifeboatServicealsotookplaceatRyeHarbourwithsubstantialnumbersattending. The Christmas Services were busy with the Crib Service recording 600 in attendance. ``` ``` WearenowrunningaregularpatternoftwoservicesamonthinRyeHarbour,alternatingbetween a serviceofHolyCommuniononthefirstSundayofthemonth,andathemedEveningPraiseservice on the third Sunday. ``` ``` ChoralEvensonghasbecomearegularfixtureintheChurch'slifethisyear,takingplacequarterly, and our choir had the honour of singing Evensong in Chichester Cathedral this year. ``` ``` OurlinkswithRyePrimarySchoolandRyeCollegehavecontinuedwithservicesinChurch(the Carol ServiceforRyePrimaryandaYear7WelcomeServiceforRyeCollege)andbothschoolhavingvisits to Church.Our'OpentheBook'initiativeinRyePrimaryandPlaydenPrimaryhascontinuedandis well received by both schools. ``` ``` During2024fourbaptisms,sixweddingsorweddingblessingsandtenfuneralsormemorial services wereheld.InAprilBishopMartinvisitedStMary'stolicenseRev'dMichaelGeorgiouasournew Team CurateandinMaywewerehonouredtohostQueenCamillainStMary'stomeetlocalgroupsaspart of her visit to Rye. ``` ``` Theministryteamwasenhancedin2024withthelicensingtotheTeamofRev'dMichaelGeorgiou as AssistantCurateandPermanentDeaconand,asdeacon,ithasbeenpartofRev'dMichael'sroleto help St Mary's reach beyond its walls in relation to both our town and the other team churches. ``` ``` TheparishalsotookpartintheDiocesan'GreatisThyFaithfulness'coursewhichwillleadto further outreach events and courses.. ``` ``` StMary'sis,ofcourse,partofthewiderRyeTeamMinistryandthatteamhassoughttowork more closely together throughout the year. ``` ``` Likeallchurcheswefaceourshareofchallengesanduncertaintiesbut,forallthat,StMary'sisan active churchforworshippers,forvisitorsandaspartoftheciviclifeofthistown,andwegivethanksfor our many blessings. ``` ``` Page 2 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` TheincomefortheGeneralFund(unrestrictedanddesignated),fortheyearended31-Dec-24, was £274,158(Dec-23£234,518)andtheexpenditurewas£257,533(Dec-23£251,238)i.e.our income exceedsourexpenditureby£16,625,£23,950afterinvestmentgains.Detailsofthiscanbefoundin the Financial Statements. ``` ``` Asinpreviousyears,ourmainitemofexpenditurewasthediocesanparishcontributionof £94,980 (Dec-23£94,980).Thisfigurepaysforthestipend,housingandpensioncontributionsofthe clergy, Diocesanadministration,clergytrainingandnationalchurchcostsandincludesasubstantial contribution used directly to support Camber parish in the Rye Deanery. ``` ``` The St. Mary's Centre recorded a surplus of £8,285 in 2024 compared to a surplus of £4,066 in 2023. ``` ``` Thetotalvalueofourcombinedinvestmentportfoliohasincreasedin2024,to£331,906from £315,950 (Dec-23). This movement is due to growth. ``` ``` Our combined cash deposits have increased from £37,119 (Dec-23) to £39,578 (Dec-24). ``` ``` Ourcharitablegivinghasincreasedintheyearto£2,487(fromDec-23£988).Wealsocontinue to support the Food Bank though various church activities. ``` ``` TheMonasteryFundisbeingmaintainedasapermanentendowmentbasedontheofficialasset valuation asat31stDecember2005.lngeneralterms,theterm"permanentendowment"coversany land, investmentsorotherassetswhichtrusteescannotspendbecauseofarestrictioninthetrust's governing document.TheMonasteryFundcurrentlyhas£752,784reflectedinfreeholdlandand buildings, investments and cash. ``` ``` ThePCCcontinuestobeverygratefulforongoingsupportfromtheFriendsofStMary'swho provide funds to the church towards buying equipment and funding essential repairs. ``` ## **`Reserves policy`** ``` ItisPCCpolicytoretainenoughcapitalandinvestmentstounderwriteanyunforeseenexpensesand to meet ongoing repair costs of the church buildings. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated charity. ``` ## **`Organisational structure`** ``` MembershipofthePCCisdeterminedundertheChurchRepresentationaIRulesandconsistsof certain ex-officiomembers(theincumbent,curates,andlayreaderslicensedtoofficiateinthechurch), the churchwardensandmembersoftheDeaneryandDiocesanSynodsand12membersofthechurch who areelectedattheAnnualParochialChurchMeeting(APCM).Membersareencouragedtostand 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 ``` ## **`Principal address`** ``` St Mary's Centre Lion Street Rye East Sussex TN31 7LB ``` ``` Page 3 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`Trustees`** ``` Dr E Bamji Mrs K T Bruce (resigned 12/5/2024) Mrs C Emson Mr M Bruce (resigned 12/5/2024) Lord D Ampthill Mr G Hurley 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 Mr D Carter (appointed 12/5/2024) Mrs S M V Cooper (appointed 12/5/2024) Mr A T Kimber (appointed 12/5/2024) Mrs R H Steen (appointed 25/5/2025) Dr G E Koh (appointed 25/5/2025) ``` ## **`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 27th October 2025 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`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsofPCCofRyewithRyeHarbour (the Trust) for the year ended 31st December 2024. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance with the requirements of the Charities Act 2011 ('the Act'). ``` ``` IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145ofthe Act andincarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbythe Charity Commission under Section 145(5)(b) of the Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body. IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberof the Association of Chartered Certified Accountants, which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention 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.` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto 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 ``` ``` 30th October 2025 ``` ``` Page 5 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024`** |`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND`**
**`ENDOWMENTS FROM`**
`Donations and legacies`
**`221,498`**
**`Charitable activities`**
`Church activities`
**`-`**
`Other trading activities`
`3`
**`34,857`**
`Investment income`
`4`
**`4,428`**
`Other income`
**`13,375`**
**`Total`**
**`274,158`**
**`EXPENDITURE ON`**
`Raising funds`
**`13,020`**
**`Charitable activities`**
`Church activities`
**`244,513`**
`Church ministry costs`
**`-`**
**`Total`**
**`257,533`**
`Net gains on investments`
**`7,325`**
**`NET`**
**`INCOME/(EXPENDITURE)`**
**`23,950`**
**`RECONCILIATION OF`**
**`FUNDS`**
`Total funds brought forward`
**`195,115`**
**`TOTAL FUNDS CARRIED`**
**`FORWARD`**
**`219,065`**|`Restricted`
`funds`
`£`
**`-`**
**`654`**
**`-`**
**`-`**
**`-`**
**`654`**
**`-`**
**`2,421`**
**`-`**
**`2,421`**
**`-`**
**`(1,767)`**
**`4,911`**
**`3,144`**|`Endowment`
`fund`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`3,588`**
**`-`**
**`3,588`**
**`8,630`**
**`5,042`**
**`747,742`**
**`752,784`**|**`2024`**
**`Total`**
**`funds`**
**`£`**
**`221,498`**
**`654`**
**`34,857`**
**`4,428`**
**`13,375`**
**`274,812`**
**`13,020`**
**`250,522`**
**`-`**
**`263,542`**
**`15,955`**
**`27,225`**
**`947,768`**
**`974,993`**|`2023`
`Total`
`funds`
`£`
`189,807`
`605`
`29,880`
`12,309`
`10,852`| |---|---|---|---|---| |||||`243,453`| |||||`6,776`
`32,273`
`212,715`| |||||`251,764`| |||||`25,712`| |||||`17,401`
`930,367`| |||||`947,768`| ``` The notes form part of these financial statements ``` ``` Page 6 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`BALANCE SHEET 31ST DECEMBER 2024`** |`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`9`
**`8,065`**
`Investments`
`10`
**`155,826`**
**`163,891`**
**`CURRENT ASSETS`**
`Stocks`
`11`
**`6,087`**
`Debtors`
`12`
**`129,259`**
`Cash at bank and in hand`
**`36,434`**
**`171,780`**
**`CREDITORS`**
`Amounts falling due within`
`one year`
`13`
**`(116,606)`**
**`NET CURRENT ASSETS`**
**`55,174`**
**`TOTAL ASSETS LESS`**
**`CURRENT LIABILITIES`**
**`219,065`**
**`NET ASSETS`**
**`219,065`**
**`FUNDS`**
`14`
`Unrestricted funds`
`Restricted funds`
`Endowment funds`
**`TOTAL FUNDS`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`3,144`**
**`3,144`**
**`-`**
**`3,144`**
**`3,144`**
**`3,144`**|`Endowment`
`fund`
`£`
**`533,023`**
**`176,080`**
**`709,103`**
**`-`**
**`43,681`**
**`-`**
**`43,681`**
**`-`**
**`43,681`**
**`752,784`**
**`752,784`**|**`2024`**
**`Total`**
**`funds`**
**`£`**
**`541,088`**
**`331,906`**
**`872,994`**
**`6,087`**
**`172,940`**
**`39,578`**
**`218,605`**
**`(116,606)`**
**`101,999`**
**`974,993`**
**`974,993`**
**`219,065`**
**`3,144`**
**`752,784`**
**`974,993`**|`2023`
`Total`
`funds`
`£`
`541,392`
`315,950`
`857,342`
`8,621`
`155,583`
`37,119`
`201,323`
`(110,897)`
`90,426`
`947,768`
`947,768`
`195,115`
`4,911`
`747,742`
`947,768`| |---|---|---|---|---| ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 27th October 2025 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 31ST DECEMBER 2024 ``` ## **`1. STATUTORY INFORMATION`** ``` PCCofRyewithRyeHarbourisanunincorporatedcharityregisteredinEnglandandWales. The charity's registered number and registered address can be found in the report of the Trustees. ``` ## **`2. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which are included at market value, as modified by the revaluation of certain assets. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its estimated useful life. ``` ``` Freehold property- not provided Fixtures and fittings- 25% on cost and Straight line over 20 years ``` ## **`Stocks`** ``` Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for obsolete and slow moving items. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Designated funds are ,monies set aside out of unrestricted funds for a specific future purpose. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayableto the charity'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to which they relate. ``` ``` continued... ``` ``` Page 8 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`3. OTHER TRADING ACTIVITIES`** |`Commercial bookings`
`Visitor centre (gift shop)`
**`4.`**
**`INVESTMENT INCOME`**
`Rents received`
`Other fixed asset invest - FII`
`Deposit account interest`|**`2024`**
**`£`**
**`22,646`**
**`12,211`**
**`34,857`**
**`2024`**
**`£`**
**`-`**
**`3,431`**
**`997`**
**`4,428`**|`2023`
`£`
`20,348`
`9,532`| |---|---|---| |||`29,880`| |||`2023`
`£`
`8,330`
`2,805`
`1,174`| |||`12,309`| ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stDecember 2024 nor for the year ended 31st December 2023. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31stDecember2024norforthe year ended 31st December 2023. ``` ## **`6. STAFF COSTS`** |`Wages and salaries`
`Other pension costs`|**`2024`**
**`£`**
**`55,655`**
**`1,027`**
**`56,682`**|`2023`
`£`
`47,980`
`764`| |---|---|---| |||`48,744`| ``` In addition to the above, Parish admin salaries totalled £11,532 (2023: £10,935) for the year. ``` ``` The average monthly number of employees during the year was as follows: ``` |**`2024`**|`2023`| |---|---| |**`5`**|`5`| ``` No employees received emoluments in excess of £60,000. ``` ``` continued... ``` ``` Page 9 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`189,807`
**`Charitable activities`**
`Church activities`
`-`
`Other trading activities`
`29,880`
`Investment income`
`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 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`|`Total`
`funds`
`£`
`189,807`
`605`
`29,880`
`12,309`
`10,852`| |---|---|---|---| ||||`243,453`| ||||`6,776`
`32,273`
`212,715`| ||||`251,764`| ||||`25,712`| ||||`17,401`
`930,367`| ||||`947,768`| ## **`8. INDEPENDENT EXAMINERS FEES`** ``` The Independent Examiner's remuneration represents the following: ``` ||**`2024`**|`2023`| |---|---|---| ||**`£`**|`£`| |`Independent examination`|**`2,340`**|`2,220`| |`Other financial services`|**`1,306`**|`1,530`| |||| ||**`3,646`**|`3,750`| |||| ``` continued... ``` ``` Page 10 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 ``` ## **`9. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1st January 2024`
`Additions`
`At 31st December 2024`
**`DEPRECIATION`**
`At 1st January 2024`
`Charge for year`
`At 31st December 2024`
**`NET BOOK VALUE`**
`At 31st December 2024`
`At 31st December 2023`|`Freehold`
`property`
`£`
**`533,023`**
**`-`**
**`533,023`**
**`-`**
**`-`**
**`-`**
**`533,023`**
`533,023`|`Fixtures`
`and`
`fittings`
`£`
**`30,919`**
**`1,564`**
**`32,483`**
**`22,550`**
**`1,868`**
**`24,418`**
**`8,065`**
`8,369`|`Totals`
`£`
**`563,942`**
**`1,564`**| |---|---|---|---| ||||**`565,506`**| ||||**`22,550`**
**`1,868`**| ||||**`24,418`**| ||||**`541,088`**| ||||`541,392`| ``` ThefreeholdlandandbuildingsareownedbytheMonasteryFundandcomprisethehouseat 108 PottingfieldRoad,RyeandtheformerFurtherEducationCentreinLionStreet(St.Mary's Centre). ThehouseisletandgeneratingrentalincomeandStMary'sCentreisusedfor ecclesiastical, educationalandcommunitypurposesinaccordancewiththeobjectivesoftheunderlying trust. TheGeneralFundfurniture,fittingsandequipmentcomprisesaboilerpurchasedforthe Parish Church of St Mary the Virgin and a photocopier. ``` ``` Thehouseat108PottingfieldRoad,Ryeiscarriedat'fairmarketvalue'andtheStMary's Centre churchhallbuildingiscarriedasaheritageassetathistoriccost.Extensive improvements (includingrenovatingtheroofanddownpipes)totheStMary'sCentrewerecarriedoutin 2014. ThesecostshavebeencapitalisedasadditionstotheTangibleFixedAssetsabove.The average pricepaidforsemi-detachedhousesinPottingfieldRoadoverthepastyearwasusedto establish the 'fair market value' as at 31st December 2015 for 108 Pottingfield Road. ``` ## **`10. FIXED ASSET INVESTMENTS`** |**`FIXED ASSET INVESTMENTS`**|| |---|---| ||`Unlisted`| ||`investments`| ||`£`| |**`MARKET VALUE`**|| |`At 1st January 2024`|**`315,950`**| |`Revaluations`|**`15,956`**| |`At 31st December 2024`|**`331,906`**| |**`NET BOOK VALUE`**|| |`At 31st December 2024`|**`331,906`**| |`At 31st December 2023`|`315,950`| ``` There were no investment assets outside the UK. ``` ``` continued... ``` ``` Page 11 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 ``` ## **`10. FIXED ASSET INVESTMENTS - continued`** ``` Cost or valuation at 31st December 2024 is represented by: ``` |`Valuation in 2023`
`Valuation in 2024`
`Cost`|**`Unlisted`**
**`investments`**
**`£`**
**`25,711`**
**`15,956`**
**`290,239`**
**`331,906`**| |---|---| |**`11.`**|**`STOCKS`**||| |---|---|---|---| |||**`2024`**|`2023`| |||**`£`**|`£`| ||`Stocks`|**`6,087`**|`8,621`| |**`12.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |||**`2024`**|`2023`| |||**`£`**|`£`| ||`Other debtors`|**`172,940`**|`155,583`| ``` Includedinotherdebtorsisatotal£114,198whichrepresentsamountsowedbetween the designated,endowmentandgeneralfunds.Theseamountsarecreatedwhentransactions are settled with resources belonging to a different fund to which the transaction relates to. ``` ``` Itisnotalwayspossiblefortransactionstobesettledwithinthecorrectfundduetothelack of available cash resources. ``` ## **`13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Taxation and social security`
`Other creditors`|**`2024`**
**`£`**
**`607`**
**`115,999`**
**`116,606`**|`2023`
`£`
`388`
`110,509`| |---|---|---| |||`110,897`| ``` Includedinothercreditorsisatotal£114,198whichcorrespondstothefigureandfurther detail include above in note 12. ``` ``` continued... ``` ``` Page 12 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`14. 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 1/1/24`
`£`
**`46,220`**
**`77,101`**
**`35,812`**
**`10,132`**
**`25,850`**
**`195,115`**
**`2,137`**
**`2,644`**
**`130`**
**`4,911`**
**`747,742`**
**`947,768`**|`Net`
`movement`
`in funds`
`£`
**`(25,880)`**
**`4,461`**
**`6,780`**
**`8,285`**
**`30,304`**
**`23,950`**
**`(1,873)`**
**`106`**
**`-`**
**`(1,767)`**
**`5,042`**
**`27,225`**|`At`
`31/12/24`
`£`
**`20,340`**
**`81,562`**
**`42,592`**
**`18,417`**
**`56,154`**
**`219,065`**
**`264`**
**`2,750`**
**`130`**
**`3,144`**
**`752,784`**
**`974,993`**| |---|---|---|---| ``` 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`
**`Endowment funds`**
`Monastery`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`227,182`**
**`2,134`**
**`1,782`**
**`12,756`**
**`30,304`**
**`274,158`**
**`548`**
**`106`**
**`654`**
**`-`**
**`274,812`**|`Resources`
`expended`
`£`
**`(253,062)`**
**`-`**
**`-`**
**`(4,471)`**
**`-`**
**`(257,533)`**
**`(2,421)`**
**`-`**
**`(2,421)`**
**`(3,588)`**
**`(263,542)`**|`Gains and`
`losses`
`£`
**`-`**
**`2,327`**
**`4,998`**
**`-`**
**`-`**
**`7,325`**
**`-`**
**`-`**
**`-`**
**`8,630`**
**`15,955`**|`Movement`
`in funds`
`£`
**`(25,880)`**
**`4,461`**
**`6,780`**
**`8,285`**
**`30,304`**
**`23,950`**
**`(1,873)`**
**`106`**
**`(1,767)`**
**`5,042`**
**`27,225`**| |---|---|---|---|---| ``` continued... ``` ``` Page 13 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`14. MOVEMENT IN FUNDS - continued`** ## **`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`**
`Comparative net movement in funds, included in the above`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`205,762`
`Rye Harbour Fabric`
`1,874`
`Rye Fabric`
`1,234`
`St Mary's Centre`
`14,798`
`Legacies`
`10,850`
`234,518`
**`Restricted funds`**
`Flower`
`384`
`Social`
`221`
`605`
**`Endowment funds`**
`Monastery`
`8,330`
**`TOTAL FUNDS`**
`243,453`|`Net`
`movement`
`At 1/1/23`
`in funds`
`£`
`£`
`80,964`
`(34,744)`
`67,623`
`9,478`
`31,884`
`3,928`
`6,066`
`4,066`
`15,000`
`10,850`
`201,537`
`(6,422)`
`1,753`
`384`
`2,423`
`221`
`130`
`-`
`4,306`
`605`
`724,524`
`23,218`
`930,367`
`17,401`
`are as follows:`
`Resources`
`Gains and`
`expended`
`losses`
`£`
`£`
`(240,506)`
`-`
`-`
`7,604`
`-`
`2,694`
`(10,732)`
`-`
`-`
`-`
`(251,238)`
`10,298`
`-`
`-`
`-`
`-`
`-`
`-`
`(526)`
`15,414`
`(251,764)`
`25,712`|`At`
`31/12/23`
`£`
`46,220`
`77,101`
`35,812`
`10,132`
`25,850`
`195,115`
`2,137`
`2,644`
`130`
`4,911`
`747,742`
`947,768`
`Movement`
`in funds`
`£`
`(34,744)`
`9,478`
`3,928`
`4,066`
`10,850`
`(6,422)`
`384`
`221`
`605`
`23,218`
`17,401`| |---|---|---| ``` continued... ``` ``` Page 14 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`14. MOVEMENT IN FUNDS - continued`** ``` 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 1/1/23`
`£`
`80,964`
`67,623`
`31,884`
`6,066`
`15,000`
`201,537`
`1,753`
`2,423`
`130`
`4,306`
`724,524`
`930,367`|`Net`
`movement`
`in funds`
`£`
`(60,624)`
`13,939`
`10,708`
`12,351`
`41,154`
`17,528`
`(1,489)`
`327`
`-`
`(1,162)`
`28,260`
`44,626`|`At`
`31/12/24`
`£`
`20,340`
`81,562`
`42,592`
`18,417`
`56,154`
`219,065`
`264`
`2,750`
`130`
`3,144`
`752,784`
`974,993`| |---|---|---|---| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,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`
**`Endowment funds`**
`Monastery`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`432,944`
`4,008`
`3,016`
`27,554`
`41,154`
`508,676`
`932`
`327`
`1,259`
`8,330`
`518,265`|`Resources`
`expended`
`£`
`(493,568)`
`-`
`-`
`(15,203)`
`-`
`(508,771)`
`(2,421)`
`-`
`(2,421)`
`(4,114)`
`(515,306)`|`Gains and`
`losses`
`£`
`-`
`9,931`
`7,692`
`-`
`-`
`17,623`
`-`
`-`
`-`
`24,044`
`41,667`|`Movement`
`in funds`
`£`
`(60,624)`
`13,939`
`10,708`
`12,351`
`41,154`
`17,528`
`(1,489)`
`327`
`(1,162)`
`28,260`
`44,626`| |---|---|---|---|---| ``` continued... ``` ``` Page 15 ``` ``` PCC OF RYE WITH RYE HARBOUR ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024`** ## **`15. RELATED PARTY DISCLOSURES`** ``` Duringtheyearended31December2024thecharityreceiveddonationsfromthree Trustees totalling £850. ``` ``` During the accounting period Trustee; Mr M Bruce received £220 in relation to organist services. ``` ``` Page 16 ```