Charity registratlon number 1138291 ST ELISABETH'S PCC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FUI THE YEAR ENDED 31 DECEMBER 2024 Caladine charlered Cerlified Accountants 141 P¢lPC
ST ELISABETH'S PCC LEGAL AND ADMINISTRATIVE INFORMATION PCC Members Mr Peter Adams Ms Susan Santos Mr Lee Cheelham Mr8 Ann Harri5 Mr Colin Allcorn Dr Simon Eyfe MA FRCGP Mrs Sarah Goddard Mr Mark Filreld Ms Susan Fifield Rev David Harrigan Mr Oen Miles Ms Julie West Mr Rithard Scott (Appointed 30 May 20241 Charlty number (England and Wales) 1138291 Prlnclpal addre6S St Elisabeth's Centre 268 Vi¢loria Diive Eastbouine East Sussex BN20 8QX Independent examiner John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton R¢)ad Easlbouine East Sussex BN211BF
ST ELISABETH'S PCC CONTENTS Page Councll's report Independent examiners report Statement of financial activities Balance sheet Notes to the financlal statements 7-20
ST ELISABETH'S PCC COUNCIL'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The PCC members present their annual report and financial statements ft)r the year ended 31 December 2024. The financial statements havè been prepared in accordance with the accounting policies set oul In note 1 to the flnan¢ial slalemenls and comply with the PCC'S Parochial Church Cwncil Powers Mea$ure119561 as amended and the Church Representation Rtsleq the Chartlies Act 2011 and Aco)unting and Reporting by Charith'es." StateiTienl of Recommended Practice appllcable to charities preparing their accounts in accordance wth the Financkil Reporting stgndard applicable in the UK and Republic of Iieland {FRS 1021" leffeclive 1 January 20191. Objectives and actlvlties st Elisabelh's PCC has thè respwsibility ol supporting and working with the inMben1 in promolino the ecdesiasts.cal parish and the mission of the churth.. pastoral, evangelistic, social and ecumen91. 11 also has maintenance responsiExlilies for St Elkqabeth's church building. Publicbenef The PCC members have paid due regard to gLOdance issued by the Charity Commission Ill dectding what aclivltles the PCC should ulldertake. Achigvemènts and performance &gnifiGanl ad1vit8 andachievemenls agginst ohjediv68 The PCC, as the governing IK)dy of Sl Elisabelh's. meets iegularly throughout Èhe year. This includes soclal gatherings in the summer and al Chri81mas which promotes a sensé of trust, belonging and shared purpose. At Èach PCC meeting reports are received from Chuichwardens, Centre Man2gÈr. Treasurer, Parish Safeguarding Offer and Vicar. These iepoits cover key areas a8 well as reportiro on mission and activitie8 within the church. Wè continue to be blessed Revd. David Harrigari's leadership and the enomous support of his family, especially Revd. Dav,8 wife, Mrs Hayley Harrigan We remain Committed to grow the church for the good of our mmunty in Eastbourne Old Town and to make Chrfst known. as we seek lo 'make the ¢hurch like home and hom? like the ¢hurch'. We have been blessed lo welcome a significant amounl of new mÈmLErs lo the St Elisabelh's family over this year. The church hosted its liistAlpha Course 8inLE the Covid pandemic which was well attended and was gieatly valued by those wanting to find out abr)ul Chrisli4nity 01 develop their fa*h furth. We have been please(1 lo wel¢ome a range of vlsiling pieacher8 inclucting the Dioeesan Envlionmental Offkei. Following the attelance of iwo church members al the Dlocesan Environmental Day in Juno, St Elisabelh's has mmitted to work towards the Eco Church Bronze Award. Awell supported chL¢rch eco group has been set up lo undertake IhB task. Sl Elisabeth's ChuTch is used fegularfy throughout the week by those hiring the church space to proVe services. clubs and leisure actwilies and is a key resource to the wder community. The church Centre Manager continues lo increase our profile and build good relati(ShipS wlh our hirers and Communty members. She is also wor"ng on ds for financial supwrt to enhance our facilities. The use of our church halls in this way is not only a source of income for the church but enables us lo build wtder networks and raises our profile as a churth community. We are grateful and extend our thanks lo all those peopie who wllingty give their lime and skills to help vAlh the mission and outreach ol the church.. for those who officiate, our Reader, those who run and help wth our chlldren's clubs, those who volunteer wlh hospitality and Foodbank, those who help keep our thurch in good repair and lo those members working bd)ind the scenes plannlng and enabling the activities of our chuich family. Financlal revlew Oveiall the church's unrestrided funds Igeneral and designated) showed a surplus, after tran81ers. of £6,45312023". deficit of£6,2081. Restricted funds showed a surplus, atter transleTS, of£11.26612023". deficrf( of£1,4291. Total funds al the 31 DecembeF year end stood al £95.37612023.' £77,377) ofwhich £35.18912023'. £23,923) were held in restricted funds arKI a further £5.62912023.' £5,3491 in endowment funds.
ST ELISABETH'S PCC COUNCIL'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Re5erwes pOIY r FCC policy 15 t) hold money in re8erve for staffing and foi unforeseen situations. This Is held in general unrestricted funds. structure, goveinance and management The Parochial Church Council IPCCI is registered th the Charity Commission as required by the CharitÈes Act 2011. Its governing document is the Parochial Church Councils (Powersl Measure 1956. Members of the PCC are either ex offi¢io or elected by the Annu31 Paroch& Church Mèeting IhPCMI in accordance with the Church Representatw)n rules. In 2022 the meeting urds held on 24th Aprth 2022. The PCC members who $eNed dufing the year and up lo the dale of signature ofthe financial Statents were.. Mr Peter Adams Ms Esabeth Pfime Ms Susan Santos Mr Lee Cheelham Mrs Ann Harris Mr Colin Allrn Dr Simon Eyre MA FRCGP Mrs Sarah Goddard Mr Mark Fifietd Ms Susan Fifield Rev Oavid Harrigan Mr Ben Miles Ms Jeannie Luck Ms Julie Wesl M8 Rita A11coTn Mr Richard Scott (Resigned 30 May 20241 (Resyned 30 May 20241 (Resigned 30 May 20241 {Appoinled 30 May 20241 Recruilmenl and appointment of Iruslses Members are waimty encouraged lo stand for dection to the PCC arKI we try to ersure a balance of skills and exwrience where possible. The Council's rep)rt was apwoved by the Board of PCC MembBrs. Mrs Sue Fifield PCC membÈr Rev Davkl Harrigan PCC member Dale..
ST ELISABETH'S PCC INDEPENDENT EXAMINER'S REPORT TO THE PCC MEMBERS OF ST ELISABETH'S PCC I report lo the PCC members on my examination oflhe financial statements ol Sl EIBabelh's PCC Ilhe PCCI for the year ended 31 Decembèr 2024. Responslbilitles and basis of ieport As the PCC members of the PGC you are responsltle for the pieparalion of the finan¢Lg1 statements In accordance with the iequiremenls of the Charities Act 2011. report in respect of my examination of Ihe PCC'S financiql slalemenls carried out under section 145 of the Charities Act 2011_ In catrying out my examination I have followed the Directlons given by the Charity Commission ndei section 14515llbl of the Charities A¢t 2011. Independent examlner's statement Your attention is drawn lo the fact that the charity has prepared the financial statements in accordance with the relevant vers(on of the Statement of Recommended Piactice appli¢abSe lo charith.es preparing their financial slalements in accordance wlh the Financial Reporting StarKlard applicable in the UK and Republic of Ireland IFRS 102} in préferen lo the Aceounling and Reporting by Chaiiliès." Statement of RecornmerKJed Piaclice issued on 1 Apiil 2005 which rèlerred lo in the exlanl iegulalions bul has now teen w¢lhdrawt. l undersland that this has bn done in order for the financial statemenls to prov¢de a true anLI falr view In accordance wlh UK Generally Ac¢epladAccounting Pracli¢e. I have completed my examination. I confirm tha no matter5 have Come to my attenliw In connection wth the examination giving me cause tt> believe that in any material respect." accounliThJ records weTe not kèpl in respect of the PCC as required by section 130 r>f the Chartties Act 2011. the financial statements do mt accord with tho records., or the ftnanei81 slalements do not comply with the applicable requirements corKerning the form and content ol financial slalerllenls set out in the Charities (Aecounls and Reports) Regulations 2008 othe¥ than any requiiemenl that the finarKial slalemenls gtve a true and fair view, rGh is not a matter ¢onsKJered as part of an irKlependenl examination. I have no con¢eins arKI have come acioss no other mattets in connection Milh the ex2min2tion lo which attention should be drawn in this report in ordei lo enable a proper understanding of the financial slatemerts to be reached. John Caladine FCCA CTA FCIE Caladlne Limited Chantry Hou8e 22 Upperton Road Easlboume East Su88ex BN21 1BF Dal@.'
ST ELISABETH'S PCC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Current flnanclal year Unrestrlcted Unrestrlcted Reslrlcled Endowment funds funds funds fund6 general dasignated funds 2024 Total Total 2024 2024 2024 2024 2023 Notes Income from- Dmalions and legacie5 Charitable activities Investments 74,610 42,087 1,666 8,867 13,722 97,199 42,087 64,927 37,729 1,010 Total income 118,363 8,867 13.722 140.952 103,666 Expendlture on: Raising futKIs Charitable activities 210 111,093 113,345 7,715 2,173 123,233 Totsl expendlture 113,345 7,715 2.173 123,233 111,303 Net gainslllos*sl on inveslmenls 13 280 280 426 Net Incomel(expenditurel 5,018 1,152 11,549 280 17.999 17,2111 Transfers between funds 21 1.786 11,5031 1283} Net movement In funds 10 6,804 13511 11,266 280 17.999 17,2111 Reconclliation of fundB= Fund balances al 1 January 24 18.928 29,177 23,923 5,349 77,377 84.588 Fund balanc9$ at 31 December 2024 25.732 28,826 35, 189 5.629 95,376 77,377 The slalemenl ol financial activities IrKludes all gains and losses recognised in the year. All income and expenditure denve Irom continuing a¢tivilies.
ST ELISABETH'S PCC STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financlal year Unrestri¢tad Unrestiicted lunds funds general designated funds 2023 Reslrlcted Endowmènt funds lunds Total 2023 2023 2023 2023 Moles Income from: Donations and legacies Chaiilable activities Investments 63,596 37,729 1.010 784 547 64,927 37,729 1,010 Totsl income 102.335 547 103,666 Expènditure on: Raising funds 210 210 Charitable acttvilies 101.058 8.059 1,976 111,093 Total axpendlture 101,268 8,059 1,976 111.303 Nel gainslllow81 on vestments 13 426 426 Net incomellexpenditurel and movement in funds 1,087 17.2751 11,4291 426 17,2111 Reconcillation of funds.. Fund balanS at 1 January 2023 17,861 36.452 25,352 4,923 84,588 Fund balances at 310ecember 2023 18,928 29,177 23.923 5.349 77.377
ST ELISABETH'S PCC BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Investments 4,553 5,629 8.977 5,349 16 10,182 14,326 Cuirant a39ets Debtors Cash al bank and in hand 17 7,116 79,626 5,975 67.166 86,742 73,141 Credltors- amounts falllng due withln one yeav 18 11,5481 110,0901 Net current assets 85,194 63,051 Totsl assets less CLtTrent Ilabllitias 95.376 77,377 The funds of the PCC End(Iwment funds Restricted income funds Unrestricted funds- general Unrestricted funds- deslgnaled fundg 20 21 23 22 5,629 35,189 25,732 28.826 5,349 23,923 18,928 29.177 95,376 77,377 The finanaal statements were approvecl ty the PCC members on ............ FRCGP Rev Davsd Harrigan PCC member PCC membèr
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting wlicigs Charlty informatlon Sl Eli8abeth's PCC is a charity governed by the Parochial Chuich Councils (Powers) Measure 1956. 1.1 Accounting conventlon The financial slalements have been prepared under the Church Accounllng Regulations 20, the Charities Act 2011, FRS 102 'The Financial Reporting Slanolard applicable in the UK and Republic of Ireland. I'FRS 1021 and the Charities soRP"AolIlng and Rewrting by Charities.. Statement of Recommended Pracli¢e applicable lo chaiilies prepaiing their accounts in accordance wlh the FinarKial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 102y' le11eclive 1 January 20191. The PCC is a PULAI Benefit Enlily as defined by FRS 102, The PCC has taken advantage of the provisKns in e SORP for charities not lo prepare a Slalementol Cash Flows. The financlal statements havè departed from the Charilies (Accounts and Reports) Regulations 2008 only lo the extent iequired to provide a ITue and laii view. This departure has involved following the Statement of Recommend@d Pracfice for charities applying FRS 102 ralhw than thè vetsion of the Statement ol Recommended Practice which is ieferred lo in the RÈgulations bul which has Sin been IttdraWn. The flnancial slalements are prepared in sterling, which is the functional currency ol the PCC. Monetary amounts in these financial slalemenls are r(nded lo the nearest £. The financral statements have been wepaled under thè historitral (yjst convention. The prlncipal accounting policies adopted are set out below. 1.2 Golng concern At the lime of approving the financlal ststements, the PCC memktrs have a reasonable expectslion that the PCC has adequate resources to conl'nue in operg1iorTral existence for the foreseeable future. Thus the PCC members continue to adopt the ooing concein basis of accounting in prepari the finanoal slalements. 1.3 Charltable funds UnrestTtcted fUS are avallable for use at the discretion of the PCC members in furtherance of their charilakAe o*'edives. RestrFCted funds are subject to specllic 0)ndlonS by donors or giantors as to how they may be used. The purposes and uses of the reslrlcted funds are sel out in the notes lo the financial statements. Endcmtynent fvnds are ¥ubiect to specifi'c ndIon5 by donors that the capital must maintained by the pcc. 1.4 Income Income rs recognised Mthen the PCC is legally enlilled lo il after any performan conditions have been met the amoLmls can ke measured reliably, il is probable that income will bè received.
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles {Contlnu¢d} Donatlons and legacies Collections are rec(NJnised when ieceived. Planned giving receivable B recognised when there is eviden of enlillement, receipt is probable, ancl the amount accords with the Gift declaration OT Qthei iecord of intention to donate. Gitt aid recovered is recognised when the income to whlch il is attached rs recognised. Grants legacies are re¢ognised when the formal offer in writing of the fuing, 18 receThied by the PCC. Charitable acttvities Sales of magazines and study notes are rec(yJnk8ed when received. Rents from piowrty are recognised In accordance with the rental agreements. when recei¥ is probable. other tradlng activities Trading activittes are where inccme is recelvable in retum for selling goods or providing service5. Income from trading is recognised either. a when received, OT b - in the case ol room hire chaTges, when the hire has taken place and recelpt is probable or c- in the case of conrts.. for the year in questlDn, irrespective of dale of receir Advance reiptS for both concerts Iwm hiie are included in cfeditors until the concerts or hiring has taken place. Investment income Divtdends are accounted for when due and payabl2. Interest entitlements ale a¢counted lor as they accrue. 1.5 Expenditure E%ndrture i5 accounted for on an accru3 basis and accounted for gross. Grants Grants and donallon5 are aceounled for when paid over. or when awarded where the award create8 a iinding obligation on the PCC. Church Acllvlties The diocesan parish contiibulion is accrAJnled for on an anntjal basis, reflecting the allocation set by our Deanèry. Any parish contribution unpaid al 31 December 15 piovidEd for in thes8 accounts 39 an operalioTral Ilhough not a legall liabi'lity and ts shown as a creditor in the balance sheet. 1.6 Tangible flxed assets Gonsecrated ancl beneficed property of any kind is exduded from the accounts by s.10(21 of the Charities A 2011. Movable church fumishing held by the Wcar and Churchwardens on special ItUs1 for the PCC and which requlre a lacully for di8POsal, ale accounted as inalienab]e property unless consecrated. They are listed the church's inventory thich can be inspe¢ted bul are not included in the h'nancigl statements. For other property acquired prior lo 1 January 2003. the¥e is Insufficient cost infotmation available and therefore the cost of Sltch assets is not slated in the financial 61atements. All expenditure on consecrated or beneficed bU11ngS and individual items costing under £1,000 are lIten off in the year they were incurred. Depreciation is recognised so as to write off the cost or valuation of assets less their resid1 values over their useful lives on the followng basB'. Fixtures and fittings 25%
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Awounting policiès Icontlnued No deprecialion is piovided on freehold pioperty as the PCC'S policy to maintain these a55ets in 8 cL)nlinual slate of sound repair. The usefLS1 economic lile ol these assets is $0 long and re$Ual values so high that aY depreciatlon would not be mateilal. These assets will subject to annual itnpaimient revlew3. Provision will be made if thwe has been any permanent dlminulion in Vae. The galn or Ic6s arising on the disposal of an asset i% deletmined as the differen between the sale proceeds ar>d the carrying value of the assel. and 15 recognised in the slalemenl of financial activities. 1.7 Fixed asset investments FrKed asset investments are initially measuted al IransactlL)n price excluding transactk)n costs, and are subsequently measuFed al fair value at each ¥etx)rting date. Changes in fail value are recognised in nel Incomellexpenditurel for the year. Transaction costs arè expensed as incuiied. 1.8 Impalrment of flxed assets Al each reporting end date, the PCG revlews the Carrying amounts of its tangible assets lo detèrmine whether there is any indication that those assets have suffered an impairment loss. If any such irxjicalion exists. the recoverable amount of the asset Is eth'maled in ordèr lo determine the extent of the impairment loss lil any). 1.9 Cash and cash 4uivalents Cash and cash equivalerts rnclude cash In hand, deposits held at call with banks, other short-term liquid investments wrth original malurilies of three months or less, and bank oveFdTafts. Bank overdrafts are shown wthin boiiowings in current liabilities. 1.10 Flnancial instruments The PCC has elected lo apyy the provisions of secti 11 'Basic Financbal Instruments of FRS 102 to all of its finan(#al Instruments. Flnanual instruments are recogntsed in the PCC'S balance sheet when the PCC becomes paty lo the contractual provisions tsf the instiufflenl Financial assets and liabilities are offset, th the nel amount8 presented in the financial statemÈnts, vknen there k% a legalty enforceable right lo set off the renised amounts and there is an intention to Sellle on a nel basis or to realise the asset and settle the liability simultaneously. kgosic ffnanclal assets Basic financial assets, wthi¢h inc1Le debtors and cash and ban1( balans, are measured al transaction pric including Irartsaction costs. 8aslc financial114blllties Bas Iinancial liabilities. Including Credito and bank loans are recognised at transaction price. Trade creditors arè obligations lo pay for goocls or seNices that have been acquired in the ordinary course ot operation8 from supplters. Amounts payable are ck8sified as current liabJ"lilies if paymènt ks due within one year or less. Derecognition of finan¢l&l liabilities Financial liatx'lrties are derecognised when the PCC'S contractual obligat¢ons expire or are discharged or cancelled. 1.11 Employee berpfits Teimination benelit¥ are recognised immediately as an expense when the PCC Is demonstrabty wmmitted to terminate thè employment of an ewnployee or to WQVhJe termlnalion benefits.
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcle$ (connued} 1.12 Retlrement benefits Payments to defined conlribulton retirement benefjl schemes are charged as an expense as they lall due. Critlcal accounting estimates and Judgements In the application ol the PCC'S accounting Folicies. the PCC membels are required lo make judgements, estr"males and assumptions about the Car[ng amount ol assets and Irabilities that are wl readily apparent Iiom other sources. The estimates aThJ associated assumptnS ale based on historical expetience and other lactors that ale considered lo be relevant. Actual results may differfrom these estimates. The estimates and underlyirg assumptions are reviewed on 9n ongoing basis. Revisions to accounting estimates ale tecognised in Ihe period in which the estimate revised where the revision affects only that period, or in the period of the revision and future periods there the iewision affects both current and luture periods. 10-
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ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income flom charbtable activities Unrestrlcttsyl funds 2024 Unrestricted funds 2023 Charltable act6vltles Rummage sales Fees for weddiru, funera& elo Church hall hire 148 268 41.671 2,801 36 34,892 42.087 37,729 Income from Inwstments Unrèstricted UnrestriGtsd funds funds 2024 2023 Interest receivable 1.010 Expendlture on ralsing funds Unrestricted Unrestrlcted funds funils 2024 2023 Fundraising and publlclty other fundraising costs 210 12-
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendltule on charitable actlvlties Charitable actlvltles Charitable activities 2024 2023 Dlrect costs Staff costs Depreciation and impairfflent Diocesan parish contribution Other dergy eosts Church running arKS mairttenance TelecDms and illternel Waste di%posal Major repairs and rerK)vations 10,790 4,424 47,250 8,537 27,216 1,201 839 20,852 5.136 4,426 59,735 7,809 21,498 1,885 7,410 121,109 108.625 Grant funding ol activities (See note 8 128 Share of support and governance costs (see note 9) Governan 2.124 2,340 123.233 111,093 Analysls by fund Unrestricted funds - general Unrestricteil funds- designated funds Restricted funds 113,345 7.715 2.173 1L)1,058 8.059 1.976 123,233 111,093 Grants payable Charitable activltles 2024 Charitable aclivllies 2023 Grants lo inslitulions.. other 128 13-
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to actlvllles Charltable actlvitie5 2024 Tot81 2023 Governance 2,124 1340 2024 2023 Governance costs comprlso.. Independent examination lees Accountancy Bookkeeping and payroll SOD 948 576 600 2,124 2.340 Governan ¢osts above inclwles payments IL) the independent examiner of £600 12023.. £6001 lor Independent examination work and £1,52412023.. £1,084) lor other services. 10 Net movement In funds 2024 2023 The nel movement in lunds is ststed after chargingllcfedilingl.. Fees payable for the independent examination of the d)arl(y'8 financsal statements Deprfjryalion ol o)fvned tangible fixed assets 600 4.424 600 4,426 11 PCC Members The Vicar, Rev D Harrigan is emFAoyed by the Diocese. St Elisabelh's provide him wlh a vicarage. in order lo fulfil his duties. None ofthe othei PCC members lor any ptrrsons connected wlh them) reNed any remuneration or benefits from the PCC during the year. Totsl donations from the PCC membe. and their related parties, amounted to £26,96912023.' £21,709). This dc)esn'l include donation5 given into ¢ash collediws wheie the indwidual donors are not ldentiliaé. 12 Employees The average monthly numbÈr of employees duTing the year was.. 2024 Number 2023 Number 14-
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Endowment funds Endowm&nl furKts rewesenl a88ets which musl be held permanently by the PCC. Income aiising on the endowment funds can be used irk aOrdanCe with the objects ofthe PCC arKI is included as unrestrided incx)me. Any cap¢tal gains or105ses arising on the assets ft)rfn part of the fund. At 1 January 2024 Gains and losses At31 December 2024 Permanent endowments Eliza Watson Clarke Graveyard Walson (*aveyard 1,828 718 2,803 194 22 2,2 740 2,867 5.349 280 5.629 Prevlou8 year.. At 1 January 2023 Gain5 and losses At31 December 2023 Permanent endowments Eliza Watson Clarke Graveyard Walson Graveyard 1,681 680 2,562 147 38 241 1,828 718 2,8Q)3 4,923 426 5,349 17-
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restrlcted funds The ie8lrioted funds of the charity wmprise the unexpended balances of donation8 and grants held on trust subject to speciflc conditioTrs by donors as lo how they may be used. At 1 January 2024 Inwming resour5 Resources expended Transfers At31 Decembèr 2024 Chalk Cliff Trust Musl Upstairs kitchen and toilet eBay Garden fund Arts fund Children fu Charity Contad Centre Tolz equipment Capital equipment- dewecÉaled gssets Box - Boxing Club Youth worker 2,954 223 629 6,125 351 10,942 273 18 327 2,954 84 629 6,125 351 10,942 63 18 354 1139} 73 12831 224 11971 1.837 244 11,8371 425 13,0 13,0 23.923 13,722 12,1731 12831 35.189 Prevlous year: At 1 Januaiy 2023 Incownlng Resource3 resources expended Transfers At31 Decemlxr 2023 Chalk Cliff Trust Musl¢ Upstsirs kitchen and toilet eBay Garden fund Arts lund Chlldren fund Charity Cont8Ct Centre Totz equipment Capital equipment- depre¢rated assets Box - Boxing Club 2,954 223 629 6,125 351 10,942 158 18 277 1954 223 629 6.125 351 10,942 273 18 327 253 11381 50 3,675 11,8381 1.837 244 244 25,352 547 11,9761 23.¥23 18
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Restrlcted lunds Icontlnuedl The Re8trlcted fvnds of the charity contain waiious amounts whlch have been givèn for speclfic purposes,, 80me ofwhlch go back many years. The trustees are n)onttoring these balance5. The Capital Equipment Fund repSentS specrfi¢ assets over whh nditionS were placed. The fund absorbs the dèweci21ion on these assets each year. The Boxing Club fund ¢ontain8 MleS in relation to our new youth project. 22 Unrestflcted funds - designated funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subjè¢t lo specific conditions by donors and grantors as lo how they may be used. These include dessgnated funds which have been set aside out of unrestricted ftJnds by the Iruslees for gpècilic purposes At 1 January 2024 Incoming resources Resources expended ThSfe[S At31 December 2024 Legacy AH Club 1 Community Support Messy Church School lunches ¢afs dk8crelionary Flowers Wind Totz Flcrf)r renovation 17,134 447 6,117 11831 2,340 17,134 447 6,147 55 11551 283 2,340 63 1,086 1,769 63 11,0861 522 8,280 2,291 17,5601 {7001 29,177 8,867 17.7151 11,5031 28,826 Prgvious year: At 1 January 2023 Incoming resources Resources expended Transleis At31 December 2023 Legacy AH Club 1 Community Support Messy Chtsrch School lunches Vicarfs discretionary Flowers Windows Tolz 24,994 447 6,000 11231 2,340 404 31 1,086 1,273 17,8601 17,134 447 6,117 11831 2,340 404 63 1.086 1,769 197 44 1801 11041 32 511 36,452 784 18.0591 29,177 19-
ST ELISABETH'S PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds The unreslri¢ted funds of the charily comprise the unexpended balance5 of donation8 and grants which are not subject to specific condbtions by donors and grantors as to how they may be used. Transfers At 1 January 2024 Incoming resources Resources expended At31 December 2024 Gerkeral funds 18.928 118.363 {113,3451 1.786 25,732 Prevlous year: At 1 January 2023 Incomlng Resources iesources expenrJ8d Transfers At31 December 2023 General funds 17.861 102,335 {101,2681 18,928 24 Analysis of net assets belween funds Unrestricted Unresliicted funds funds general de51gnated funds 2024 Re&trl¢ted Endowment funds funds Total 2024 2024 2024 2024 At 31 De¢èmbgT 2024.. Tangible assets Investments Current assetsllliabilrfiesl 4,553 4,553 5,629 85,194 5,629 21,179 28,826 35,189 25,732 28,826 35.189 5,629 95,376 Unrestricted Unrestricted funds fund5 general deslgnatsd funds 2023 Restrlct8d Endowment funds funds Total 2023 2023 2023 2023 At 31 December 2023: Taroible assets 1nveslments Current assetsllliabilillesl 7,140 1.837 8,977 5,349 63,051 5,349 11,788 29.177 22,086 18,928 29,177 23.923 5,349 77,377 -20-