Charity iegistration number 1146777 (England and Wales) Company reg15tratlon number 07311390 THE CLOCK TOWER SANCTUARY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE CLOCK TOWER SANCTUARY LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Alexander Rees Naomi Vvearing Mousumi Kanjilal Williams Paul Deiit Neil Sharp Eleanor Morphew Alice Ruffell Mark Blake Andrew Haicalis Alexandra Stswa (Appoinled 15 June 20241 IAppoinl8d 15 June 20241 (Appointed 15 June 20241 (Appointed 15 June 20241 (Appointed 15 June 20241 IAppolnt8d 24 August 20241 (Appointed 25 February 20251 Kgy Managgmgnt Por$onngVSo¢rglary Fabia 8ales Chief Executive Offi'cer Charity number 1146777 Company number 07311390 Rogl$lgrgd offl WenloDk Hous8 4143 North Streel Brighlon BN1 1RH Indgpgndont oxamlnor Michelle Weslbury FCCA Wesl & Berry Lirniled Nile House Nllé Str8et BrighlDn BN1 1HW Patron D Allam, DL THE CLOCK TOWER SANCTUARY CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties 10 Balance sheet Slalemenl of Cash flIyNS 12 Notes to the financial statements THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 Board of Tru5te85, who are a150 the Dirertors of the Cotnpany lor the purwjses of Company law, submil their annual report end financial ststement5 of The Clock Tower Sanctuary for Ihe year ended De¢ernber 2024. The linanei81 stslemtrnis hav8 been prepared in accordance with th8 accountirYJ policies sel out in note 1 to the financial slatem&nts and comply with the charity's M&morandum and Articles of Association, the Companies Act 2006 and Accounting and Reportino by Charities.. Stalernenl ol Recornmended Prauice applicable lo charities preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. leffeclive 1 January 20191. Oblo¢tlv•$ and a¢tlvlOè$ Charitablè Ob'ècts The objectives for which the Charity is est8bli5hed are.. the relief of poverty and hornele55ness ol young people aged between 16.25 years in East Sussex through the provision of shetter and 5UPPOrt. Public Benefit In cantinuing to deliver our Strategic Plan ond activities, the Board of Trustees hos considered the duties Sel oul in Section 4 ol the Charili8s Acl 2011 to hav8 dua r8gard lor public benelit. In particular. Ihe Board ol Trust999 has ¢onsidgred how th planned acts'vities will contribute lo the overall airns and objectives they have sel. Vlslon We want 8rlghton and Hove lo bè a cSty where young p￿p1&.$ 6xperl8n¢6 of homel&ssn8881$ rarè, brlttl and non- rècurrlng. Mlsslon Our Iiii¥&iuii i¥ lu pruvidts ¥iile ¥Vdbil ¢*ll(J ¥uvvvrl yuuiu ytrvyleTr vxy¥rittiiLiiiy liuiiielv¥blltr¥b iii Briyliluii iiri¢J Huvtj. We wi I viork wilh them lo in¢rease their voice. transform Iheir lives and reach iheir potentr'al. Valu8S Wa look for the best in 8v8ryon8 We Challenge inequality and prejudlce We work together to improve young people's lives When we use the phra%e young peoplp gxperienrin9 hornelessne55, we rngAn young people without a Safe, Secure and private plac8 to call Ih•ir own., this includ85 raugh sl88ping, in a h05t81 or supported and 8m8rg8ncy accommodation, 'sola SLirflno' or thos• Ilving in a carlvan. How we work We work with young people aged 16-25 years old who are homeless or insecurely housed W8 provide praclical laciliti8s, a nurturing environtnent, access to aclivits'es and professional support We are based in Brighton, rooted in Ihe city and an integral part of the u>rnrnunity We lak¢ a iallored. siruclured. hollstlc approach to move young people from crSsls 10 Independence • Wg work wilh local partn8r5, ¢ornbine r8sourGe$ and expertlS8 to provido muth'.disciplinary support that reduces young people's long-lerm dependence on services W8 aro a small ièam of passionat8 and commltt8d staff and volunl88rs', w• prSd* ours&lv8s on changlng young p8opl8's liv8s for the b8tter We h8ve a high quality, well-regarded volunteering prograrnrne,. rnany of our volunteers go on to 3killed, paid work in tho local homaless and r8latgd s8ctors • Vve are an indep8ndent organisation, 8lltirely dependent on 'Joluntary funding We havè three maln strands to our work: Crisis Support- lo rn88t the irntnedial43 needs ol a young homeless person in crisis- access lo l<)od, showers, laundry, computers. telephone. postal service eto Building Trust, Confidence and Self-E51eem- to enable young people to develop trusted relationships. skills and a sense Df belonging, through workshops, activities and case working. Yiwng people ¢8n develop their voice within the organisa1ion 1hrough our Youth Voice 8ng¥gemonl. THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 • Toward5 St3bilily- Io 8nabl8 a young p8r50n to pr8par8 lor, gain and 5UStain acc(Thrnodation through the provision ol Tenancy and Independent Living Skills training and CTS, tenancy deposit scheme. Strat8 ic ob'8clives In 2024, we continued our Ihree year strategic plan lor 2022-2024. This identr'fied three strategic goals.. We work with young people experienang hoffleles5nes5 to addre55 their needs noN and for the fvjture W¥ uy &irid ¥VVdk uul lur yvuiiy ptrDpltr ¥xy¥rivriLiriy IIuTTitrl¥¥bfiE¥b Provide llexible and outstanding suppori Achievemerrt¥ and perforrnance Slgnific&nt 8¢1ivlti&s and achi&vem&nis ag8ln$t obj8Ctiv8s Crisis sorvicos 139 young pèoplo •xp8riencing hom818ssnoss acc8ss8d our $8rvic8s in 2024. W8 host8d 3153 visits to oui c8nli8 whil8 also continuing lo meet young people offsite wher8 appropriale. An alarrning 53°/a ol the 85 new young p￿pIe W8 saw wer8 rough sleeping or sofj surfing and we wntinLJed ta see young people with complex needs and poor mental health. We a150 Saw a significant increas8 In n8urodiv8rg8nt clients. al 14Y.. Wé offered ovér 70 on8 lo on8 Crisis SUPPDrt S8ssions lor 25 young people, This has all happened within the c?nlexl of decreasing availability ol vital services and fu￿1ng cuts a-ross the city. We bplieve thal partnership working And planning are criir.ial lo addrpss the causes and symptnms ol homelessness and we r8maln commillod lo belng active partlcipants In slral8gl¢ and operalional cllywlée m8ollngs Sncludlng the Horngles8 Operations Forum. Homele55 F¢oL¥Jh Sleepers Network. the Fronllive Network and the Youth Homeless Working Group. Buildin Trust Conlid8nc8 & Sall Est88m Young people èxp8ri•wing homèl8ssn•ss beneflt hugely from dèsignlng & devèloping acilvltl8s wlth olhar young peoplè. W8 sett 8 tangible increase in irusl and ¢onliden¢e when young people spend lime together doing things that they ernjoy. Our young people accessed activities such as yoga. an LGT8Q+ group, men's and women's groups. and rnusic sessions. During Iha ya8r 59 clients FJcc•ssed thesé 8Ctivitie8 in 252 sÈp8rala séssions. In 2024 we rnade huge slrides in our co-production and co-creation. We establisli8d a Youth Voice gioup ol current and previous clients who meet regularly and provide insight inlo bolh our services and System￿ issues that affect youth hom¥los$ness and thi$ ¢ommilmenl lo pullin9 Ihfr voicg of young people wilh lived g¥perienc¢ is pivotal in Ouf plans going forward. Towards Slabili Supporting young people lo develop skills to find and m8intBin a tenancy. Bnd lo Ilve Independently Is key to them moving towards mofts stable and sustalnabla IIv88.1118 on8 of th& mo81 Important 8lep8 and yel on8 of the most ¢hallenging. Our case working 8nabl8s young people lo have one-lo-one supwjrt with a dedicaled support,Norker. These locused sessions eneble them to build on their existiig skills and experience as well 8$ to tackle barriers to Independent living. During 2024 we supported 40 ¢littnt8 requesting this serviea. In 2024 we had 8 young people accessing the Tenancy & Independent Living Skills courses and 3 people accessed our tonancy d8posit schoms. Ljalit Diversit & In¢lLJSion Wè 8re committed lo improving oui service so that il Is accessible lor all young people. In 2024 we wolcomtsd young p60ple from increasingly diverse backgrounds. 31 /0 ol young paopltr identified as LGBTQI+ 31% 01 young p•opl• worè black, Asi8n or from a minority Othnie origin We have seen an increas8 in young p8ople Identifying as neurodiv8rgent. THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 We have eThb8dded extra support lor young people identifying a5 LGBTQl* including w8£kly group acts"viti8S. We have developed iek8lionships'Mlh other organisations working wlh young people of colour and specifically tho89 who 8re asylum seekers. refugees or have an indefinite leave to remain. We have also given exlra consideration to acc@5sibllily r8quir8m8nls for dients with 18arning difflculll•s, who ar8 neurodivergenl and Ihose wth language barriers. This year we have introduced a prayer mat and halal options far all meals and are working on other way5 in which we can tnake Ihg spoce morg a¢ces5ible and inclusive. Volunteers Our voluntaars are a vi-.al part of our Ironl-line ser4i¢es. In 2024 they volunteered 6250 hours of their lima. which ￿uate9 to £78,125 01 support (using ihe Real Living Wagel- Our volunteers bring valuable and diverse skills and energy to the service. Hoving the benefit ol IIEir rich life experience means we con support young people In o g￿$ter range ol ways. Finan¢lal revl•w For 2024 the Board of Trustees agreed an operational expenditure budget of £763, 112. In 2024 wo had an oporalional defic1¢ for the year on unrestrictod Incomo of £54,2Q712023,' surplus of £70,789> and a¢ year end we held £424.56412023.' £478,771) ol lolal unrestricted funds (including designated funds) and a total of £21,40012023', £38.0251 in r•strlct8d funds. Fundrgisin Review kU24 was a year ot experimenting and rnaking new conneotions. OLJr nurn￿r of r8gular glv8rs increaséd from 203 10 215 wllh incom8 Incraas8d from £4,514 In January to £5.026 In December 2024. We continued lo improve'slewardship and thanking, processes by inwting more High ValLe Donors and Regular Givers to veiils ¥iid Goiiliiiuiiig wltli uur su¢c¥ssful ei)yaypni¥iit gveiit, 1119 I￿7p￿rI C?lebi4li¢J(i. W¥ also conductgd ¥ d¢J(IL)i ¥urvgy lo inform how we approach our communication5 With Iherr. This saw increased engagement with our team and rnore visits lo the day cenlie. We conUnu•d our corporat8 ne￿OrkIng Ovèn￿. Th888 8V@nts pro￿de an 8ngagem•nl tod wlth pol8ntlal corporat8 supporters, as well as invmng existing $UPPOrters to act as speakers and re-connect wllh Ihe cause, the why and the team. Our impact rewrt continued lo evolve and inltsmi our supporters and partners. Prowding Éll inlemal siak8holder$. including I rustees, with an accessible and ernolive tool as a platform to start conversations with potential, lapsed and exists'n9 supporters. Our 2024 report in¢luded an element ol ¢&production. Ov?.r f$2.Don WAX rmixad hy fic) fiindrAI.*•.rs for niir Bio e.ily 8l••pnirt. ThA tntAI Imm nth*rfiindrHi*lno Av•.nt.%. IneliJcJlnD Hlkft Against Hom8l•ssn•ss, was around £10,000. A $u¢¢frssful 2024 win-.er appeel ralsed over £66,000. Wg also glve our wormfrsl Ihonks lo Thg Nollon81 Lollery Communlty Fund. No Fear Bridge, One Farnil> Foundation, Sussex Cornmunily Foundation, Make Change Count. Chalk Cliff Trusl, Ernest Kleinwort CT, Responsible Travel, CAF_ Keystone, The Crucible Foundation, Fine 8 Counlry Foundation. Homity Tru$l. Brigliloii aiid Hovg Dlstrlcl Nurses, Landaid, Coiiilb R¥li9f, Ma8011Ity Foundatloii, BE*I)evlly, GV￿la Tliaiiieslliik Rallway, Safer in Sussex, Maurice Fry Charitable Trust, Nancy Kenyon Charitable Trust. The Penchant Foundation, and The Pebble Trust. We also express our sincere appreciation to every single person whr) supported us with regular giving or one-off donations., those who gave in memory of a loved one or pledged 8 legacy, and to all the ctsmrnunily organisatio￿ and companies who oenerously raised vilal lunds to erBure that we could continue our lrfe-changing work with young people who are experiencing homelessness. THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 R8S8Ngs policy 1. Purpose The purpose ol this policy is lo ensure the financial stability and sustainability ol The Clock Tower Sanctuary by rnaintaining adequale resetves to meei unforeseen expenses, manage cash flow, and support ihe organization's long-temi goals. 2. DgNnltlon of R95erve$ Reserves are the portion of unrestricted funds that are freely available to spend on any of the Charity's purposes. They excludè r6slrictad lunds, andowmènls, and designatad funds sèt a&da for $￿till¢ purposès. 3. Policy Statsmenl Th8 Clock Tow8r San¢tuary will maintain raserves lo., Provid8 a buffer aoaln81 un8xpecl8d flnancSal cha118ng8S. Ensur¢ the charily ¢on ¢oniinue to operote ond fvifil its missign during periods of reduced in¢cme. Fune unforèseen opportunitiès that align with thè chÈrily's objèctivès. 4. Torg•l L•v•l of R•s•rv•s The target level of reserves will be reviewed annually by the 8oard ol Trustees ond will be set at a minimum of 3 months operating ¢osl$ and a mgximum 016 months. Thtrsg l¢vo1s will bo delgrmined bas¥d on ¢harily'$ risk as99ssmenl and financial projections. 5. Monltorlng and Revlew Th8 r8s8rv8s18v81 wlll bé monitored regularly by tha Flnanc• Committ8e and b8 r8POrt8d lo thè Board of Trust8&s at th8 ouartarly meelino. Thtt pollcy will be revlewed annually lo ensure il r8m8ins approprialg fc* the ¢h8rlly's needs gnd circumstances. If th8 rese￿88 are for8¢a81 lo drop below the thrètt-month largat, an èxtraordinary Irusl&89 meeting will be called to review the cash flow forecast. 6. R•portln¥ The level ol reserves and the policy wll be disclosed in the charity s annual reFOrt and financial stslemenls, providing transparency lo stakehc)Iders. 7. R•$pon$ibilitie$ The Board ol Trustèès Is responsible lor tnsuring that th8 res6N6s poliey Is Implemonl8d and adh8r6d to. The Fin8n¢6 Committee i8 responsible for monitoring Ihe reserves level and reporting lo the Board. The Board of Trustees has concluded Ihal it woiild be gpproprigte to establish several De$ign8ted F￿ds, given the level of unresliicled lunds al 31 Dècembtri 2024 and the need 1¢ protect elements of ihtr Charity's on4Joing opèrations and provide for non-op8ralional expenditure. Th8 d8signaled res8rves comprise th8 following.. Closur& costs- lo provide th& necessary funds should our operations have lo ¢ea$e immgdial$ly, including redundancy payments Dilapidations- linkad lo oparatlon cessats"on, including costs to return leastrhold pramises to Ih8lr origlnal configuralvjn should Ihe landlord r8quirè Slral8giG plan projeGt5- to provide lunds lo investigate, assess and trial lil appropiiatel different projects outside the operational day to day budget Equipment replacement fund The amounts of funds designated and the free reserves are shown in note 19 to the Fina￿131 Statempnts. THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Inv8slm8nt policy The Board ol Trustees. having régard lo the liquidity raquiremenl8 of the Charity 8nd lo tho rtssorv&8 policy. has agreed an investrn8nt policy which k8eps available fvnds in curr8nt and inter88t-b8aring accounts with total balanc88 Wlth each financial institution no greater than that ¢ov>red by the Financial Servi￿$ Compensation Scheme IFSCSI limil. The exception lo this being the Charity's rnain operati0Th41 clearing bank where fund5 UP to a lolal of £200.000 may be retsined subject lo tiered maturity profiles. Majorrisks Risk Mana 8nt The Board of Tru5tee5 has a duty lo identify and review the risks to which the Charity is exposed. To undertake this duty, the Charity maintains a risk register. The Charity s risk register and risk management processes ensure that Ihe Ch8rily is able to id¥ritily rout Lauses, robusl miligats'on measures and approprial6 respunstss. The risk rogisler is overseen by Ihe FundraisiiYJ. Stratègy and Rlsk Committ88. Al ils qLJartèrly m8èting, thè Committéè revl8ws thè risk regi5t8r and adjusts il as nèèd8d, communicating any actions required to Ihose involved. The Chair of the Cornmittee highlighis any new or changed risks in the next trust88 board meeting. Our principal risks, al the end ol Ihg year, are summarisod bglow Fin8nclal.. A roduetlon in Income frcsm Indlvldual8, Trusts and Foundallon8. ¢ofpc>rales, and communlty groups. Cuts In funding lor partner ag8ncies and statutory ag8nci8s. I h8 costs ol proi8cI d8liv8ry 8XC88d funding. l o addr8ss this risk wa have an ambillous and robust Income slralègy, which involves ragLJlar scrutiny ol incomè IArgèts and mitlgation for und8rperfomiane8. the dèvelopment ol dlvèrst income stroams. a euarterly revlèw of Income & Expendlture and re-budgets'ng hall way Ihrough ihe year. We are also approaching lunders and supporters interested in purnp priming new projects ane developing our worf( on High Value Donors, trading inrK>me and a legocy programme. We have 8 reserves policy with a tomrnitment lo maintain linai)eial reserv•s betwe*n thre6 and six months, operatino incomo. Polili¢o1.' Cuts in funding lor portner agpnries and Stolutory a9en¢ies means Ih¢re is a lock ol servi¢e5 ovailoble elsewhere, leading lo d?lerioralion in mental health, inGrease in substance use, risk of harffl andlor suicide and long lgrrn health irnpacled. 11 also places gre8ler demand on CTS services and coule have an impact on staff and volunteers. To mitigate this, w8 continue lo develop strong rèlationships with providers. advocal8 for b•tter sèrvic8 provision and attend kèy partnèrship meeting8 and networks. Wg rernain clear and strong about our rernil al the centre, tcs avoid rnission cregp and burn out. Operational,. Costs of yojecl delivery excèed funding and there is a risk of overgp8nd in yèar leading to a reLYuclion in the level ol reserves. The Iinance cornmittee meetings, clear financial controls. a full cost recovery approach lo all funding bids and ringfen¢ing of unreslri¢led funding lo cover additional projeus costs combined with ongoing slewardship with all r8slricted lunders work lo miligaie this. Operational.. D*mand lor s•rvlc&s Including 84olvlng and èscalating complèxity of cllènt n88ds outstrips staff capaclty18adlng lo cli8nts r81urning lo hotn8lessness mor8 0ft8n and n8eding us again. We locus on gocxl data capture then evaluation ol dernend, trends and capacity of team lo meel need5 and wants, presence at decision Making neh￿OrkS to influence future planning of s¥rvices across the city and targeted partnership working to provid¥ appropriat8 8ff8clw8 s8rvic88. V18 prioritise earfy ir)tervenllon %thth cllents and p4rlner¥. THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for fvture perlods Future Plans l arn deli9ht8d thal we L4unch8d our new thr88 year strategy at th8 b8ginning of 2025. Over th8 cours8 of the final six Months of 2024, we listened lo young people, the r)rganisations we work with, donors, ¢orpor8le partners, staff, volunteers, and trustees. What we heard was olear.. our work is valued and vital. Our ability lo rneet young pèople wh8re 1hey are is recognised as our expertise and sets us apart. Bul with a broken hixjsing system, shrinking services, and a soaring cost of living. the challenge is greater than ever. Over the next three years we are Committed lo our new mission - To provide yr>ung people who are horneless in Brighton & Hove with a safe and supporlive space lo shap8 their own lulure. We will be workirvJ towards three clear goals.. 1. Young people hove the individual support Ihey need lo thrive 2. Our sÈNices arè wèll known, Irusled. and èasy to access 3. Young people are at the heart ol our decisions and drive m8aninglul change In this way, we will closer to our vision. ol a city where 811 young people have somewhere they call horne. Slruclure, govemance and management Commencement of Acbvities The Clock Tower Sanciuary was established by constilulion dated 1 June 1998 and registered on 28 July 1998 with the Charllies Comrnlssion Ipr8vlous CharSty number 10707361. On 12 JJIY 2011. a Company Ilrnit8d by guarant88 was iriGorportiied willi the sam& name 3s thg Ch241 (Appointed 15 June 20241 (Appointed 15 June 2024 and resigned 25 July 20241 (Appointed 15 June 20241 (Appointed 15 June 20241 IAppoint&d 15 June 20241 (Appointed 15 June 2024 and resigned 23 April 20251 IAppoinl&d 15 June 20241 (Appointed 24 August 20241 (Appointed 25 February 20251 THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 R8cruitm8nl and appoin1ffl8nt of trtlSt88S Method an(J A oinlmenl of Trusl&es Th8 manag8m8nt of th8 Board of Truste8s is th8 respongibility of th& Trustees who ar& eleot8d and (xj-opted under the t8rrns of the Mem¢randum and Articles of Asswation. All Trustees are provided with training and the Charity complies with the Code of Good Govemance. Unless speclfic skills are headhunted using eK15ting n8tworks. vacancies for Trust8es are publlcly advertiS8d on the website and via local online channels. We are committed to increasing the diversity of our board ol trustees and the number of Members wlth Ilved experfence 51rnllar to Ihat of our cllents. The adi'ertlsernenl contalns Informatlon about the role and sk1115 and qualities 18quired. The application pack includes inlormalion about the organisation. a job description and a person specilicalion. Appliuiions lo join the Board ol Trusiees 8re rgviewgd by a panel, which in¢ludgs the Chair ol Tru$leg$ and CEO. Interviews lor prospective Trustees are conducted by the Ghair or ￿Ice.chalr. and at least one other trustee. All new Tru51ee$ are rgqulr9d lo sign a do¢laratlon that they are not disqualiliod from a¢llng es a DlreclorlTruslo8 and Ihal they will devolg the necessary lime and effort in their position. Disclosure and Barring Service Ghecks are carried out on all new Trustees before 8PPDintmenl. Induction and Trainin ol Trustees All newly appointed Trustees receive a comprehensive information pack containing a cop5, 01 tre gov9rning document, previous Board of TrusRes and Commirtee rninules, a copy of the strategy, the late51 rnanagernenl accounts and 51aff slrucluré. Th8 CEO, along wlth the Chair or an &xp8rienced Trust88, m88ts to induct th• Trustee so that Ihoy can m8anlngfully r.nntrihiiia to digp.iJ%sion% In An informed WAY Irnrn th* nift.q•l nf thAir HnpNinlrnpnl. New TAJstAOS Affi Al8rJ ène.niirAgAd In spend Ilm8 at th• C8nli&, obs8rvlng fronl-Iln8 servic8s and provldlng an opportunlty lo me•1 wllh staff, volunle8rs and b8n8llclari8S. All Tiu¥lge¥ are provided with ongoing Iiaining and inforrnglion lo kggp Ihgir k[￿Wledge &nd Skills up-to-d¥le rglgvanl. Th8 Board ol Trustees meets quarterly with Ihr8è Committeès meetina separaitsly.. • Finance Commit18e Personnel ond Equality Ctsmmittee Funerai8iii9, Slralegy and Risk Commillèè Org&nisalional slruclure Each Comtnill99 has Tgrtlls ol Refergnoe and Ihgre is a clgar Schgtng of Delegation regarding Ihg decision-rvaking powgr$ ol each COM￿1t1ee, which has been agreed by the Board of Trustees. The CEO is appointed by Trustees lo rnanage the ¢ay-to4ay operations of the Charity and to implernent Ihe Charily's slralegic plan. The Charity also has established Task Te8ms. comprising trLJslees and slaff members. to oversee identified, short temi projects ane priorilie8. The day.to.day running of the Ch8rily and leadership of the staff team is delegated to the CEO. The CEO meets for regular SUP8rvision s8ssions wlh Ihtr Chair and is accountable lo th¥ 8oard ol Trustees for the performanc* olf agro#d stralagic irnplementalion plans. The remuneration ol th& CEO is sel by the Board ol Trustees, with tr)e remuneration of other staff being advised by the CEO. The Personnel and Equalities Comrnittee ann(Jally reviews staff Salaries for cosl-ol-living increases in collaboralion with the finance committee. An independeni HR advistsr condu￿$ a salary bènchmarking exercise with con)parabl8 organisations locally when significant changes to staff roles take place The Charity is committed lo attratling. r8crLllting and training exp8ri8nc8d. profèssional staff and voliinle8rs from divers backgrounds, who will deliver the best oulcome5 for hornele5s young people. THE CLOCK TOWER SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Irusle&$' raport was approved by the Board of Tru818es. Alexander Ree5 trust•0 Andrew Haicalis trust•• 16 June 2025 THE CLOCK TOWER SANCTUARY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CLOCK TOWER SANCTUARY I report lo the tru5tee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Th8 Clock Tow8r Sanctuary Ilhe charity) for th8 y8ar ended 31 December 2024. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes ol company lawl, you ar• responsible for tho preparallon ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006. Having $8li$fied myself that the finan¢ial statements ol the charity are not required to be audited undèr Part 16 of the Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the charty's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011. Ind•p•nd•nt •xamln•rf8 stat•m•nt Since the charity'5 gross incorne exceeded £250,000, the indcpondenl examiner musl be g member of a body listed in sèclion 145 01 thè Charitias Act 2011. 1 confirm thal l am qualiligd to undartakè Ihs *xaminalion bg¢auso l am a mgrnbgr ol the Association ol Chartered C8rlili8d AGU)unlan15, which 15 on8 01 the listed bodi8S. I have completed my exarninalion. I confirm that no matt2rs have come to my atten￿'on in connection with the examination 9iving me cause lo believe that in any m81erial resp¢¢l'. aecountlng r8cords w8r8 not kèpl In respect ol th8 charlty as r•qulrad by s8ctlon 386 01 th8 Companl8s Act 2006. the flnanclal slalemenls do not accord with those records., or the financial slaternents do not COTnply with Ihe aC￿v￿lIng requiremet)ts ol section 396 of the Companies Act 2006 other than any requirement thet the ttnancial statements give a true and fair view, which Is not a matter considered 95 Part of an indeptrndenl examination., or the financial statements have not been prepared in accordance with Ihe methods and principles of the Statement ol Recommended Pra¢lice for 8¢counling and repDrtin9 by charibes applicable lo chgrilies preparing their lin8n¢ial statements in 3ccDrdance with Ihe Financial Reporting $18ndard 8ppli¢abl8 in th8 UK and Rapu>lic ol Ireland IFRS 1021. I have no concgrns and h8ve across no other tnalter8 in wilh the examination to which allenlion should be érawn in this report in order lo enEble a proper understanding of the financial slatements ID be reached. Mlchelle Westbury FCCA West & Berry Limiled Nilo House Nile Street righlon BN1 1HW 30 June 2025 THE CLOCK TOWER SANCTUARY STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•stri¢tsd Restri¢t•d funds funds 2024 2024 Total Unro8tri¢tsd Re8tri¢ltsd fund8 funds 2023 2023 Total 2024 2023 Notes Incom• from= Donations and legacies Inveslments 410.814 6.184 310,611 721,425 6,184 576,644 5,320 221,255 797.899 5.320 Total Incom 416.998 310,611 727,609 ,5111,964 221,25f 803.219 Expenditure on: Raising funds Charitable activ￿85 112,149 359,056 112,149 686,292 86.112 425,056 86,112 667,489 327,236 242,433 Total •xptsnditurn 471,205 327,238 798,441 511,188 242,433 753,601 Net Incomellexp8ndStur&l and movernent in funds 154,2071 116,6251 170,8321 70,796 121,1781 49.618 R•ron¢iliatipn of fvnd•'. Fund balancas al 1 January 2024 478.771 38,025 516,796 407,975 59,203 487.178 Fund balanros at 31 December 2024 424,564 21,400 445,964 478,771 38,025 516.796 The stalemernl of financial 8clivili09 in¢lude8 41198ins and losses ro¢ognis8d in tho year. All in¢ome 8xpendilur8 dorivo from continuing activities. 10- THE CLOCK TOWER SANCTUARY BALANCE SHEET AS A T 31 DECEMBER 202d 2024 2023 Not9¥ FlxÈd 8gse18 Tangib18 asse18 12 3,645 3,917 Currènt a88•t8 Debtors Cash at bank and In hand 13 78.561 488,459 112,055 567,020 635.624 Cr•dilor8= amount$ f811ing du• within on• y•ar 14 1124,7011 1122,7451 N•t curmnl a860ts 442,319 512,879 Total as8•ts1•88 currnnl Ilabllltl•s 445,964 516,796 N•t ass•ts oxcludlng p•nslon Ilablllty 445,964 516.796 The lunds of the charity Ra8trict8d incom8 funds Unreslricted lunds- general Unr8sirlct8d funds- d8slgnatéd 17 21,400 205.465 219,099 38.025 257.241 221,S30 445,964 516,796 The ¢ompony Is onlh19d lo Ihg gxemptSon from the audll rgqulr9mgnl contolngd In secllon 477 ol Ihg Companigs Act 2006, for the ygar endgd 31 Dgc?rnbgr 2024, The director acknowledges her responslbillties lor Complying wlth the reqtslremants ol the Companiès Ad 2006 with respe¢t to accounts'ng reec>rd5 and th6 preparation ol linanaal slatemenls. The members have not required thè cornpany lo obtain an audll of flnanci81 slalemenls for the year in question In accordance wilh section 476. These financial slaternents have been prepared in accordance with the provisions applicable lo companies subjecl lo the small Companies regiThe. Thts financial statements ware approved by the trusltt8s on 16 June 2025 Alexander Rees trustee Andrew Haicalis trustee Company registration number 07311390 (England and Wlalesl 11 THE CLOCK TOWER SANCTUARY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notss Cash flows from operatlng actlvltl•s Cash (abso￿￿d byyg8n8raled from operation 22 140,2731 99,485 Inve8tlng aetSvltles Purchase ol tangible fiyed as891 Inveslment income receiv8d 11.0211 6,184 11.2601 5,320 Net cash generated from investing acti¥it•es 5,163 Net cash g?n•ratod from Ilnanclng actlvltlo$ N•t Id•cr•a8•llln¢r••s• In ca8h and cash •qulval•nt8 135,1101 103.545 Cash and cash equival&nls at beginning of year 523,569 420.024 Cloh and cash equivalenlB at end of year 488,459 S23,569 12- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Th8 Clock Towel Sanctuary Ss a private company limll•d by guarant88 incorporated in England and Wal8s, Tho r8g15tered office Is Wenlock House, 41-43 North Street, 8righton, 8N1 1 RH. In the évent of thé cornpany b8lng wound up, thp liability in respect of guarantee 15 £1 per m&rnber. 1.1 A¢¢ountlng convontlon The financial stalements have been prepared in accordance ivith tre tharity'5 Mernorandurn and Artides of A550ciation the Companies Act 2006, FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland I'FRS 102.1 and the Charitses SORP 'Accounting and Reporting by Charili8s.' Statement ol Recommended Practic8 applicable to charilles preparing thelr aTrcounts In accordance with Ihe Financlal Reporting Standard applicable In the UK and Républlc of Ireland IFRS 1021" 18ff8CtSvè 1 January 20191. Tha charity Is a Public Benelll Entlty as deflned by FRS 102. Th8 Ilnancial sla16ments aro preparod In 51•rllng, whlch15 tho lunctlonal currency ol th8 charlty. Mon8lary amounts Sn th8sa financlal stAl8m8ntS *8 round8d to thè naar8St £. The linan¢ial st8lements hove been prepared under the hislori¢o1 cost convenl'on. The prin¢ip81 ac¢ounting poli¢ies adoplad are sel out below, 1.2 Golng ¢on¢¢m Al the Iirne of approving the financial slalernenls, the Iruslees have a r8?sonab18 expeclats'on that the Ghaiity has adequate resources to continLJe In operational existence tor the toreseeable lulure. Thus the trustees COn￿n￿e to adopt th8 g¢ing concern b8sis ol accounting in prep8ring the financk91 slalamenls. 1.3 Charllabl• fundy Unreslri¢led funds are available for use 81 the discretion of the Iwslees in furth¢ran¢e of their ¢hariloble obje¢tives. De8ign81ed lund$ comprise funds which have been sel aside 81 the discielion of the Iruslees for 6pecille wrpose8, The purpc68s and usas of th8 dosignatéd funds ar8 $81 out In the nol•s to th8 financlal slatsm8nts. Rest￿cle￿ funds are subject io specmc condltlons by donor5 or graniors as io how they may be used. The purpDses and uses ol the reslricled funds are sel out in the noies lo Ihe linanaal stalemenls. 1.4 Incorne Incomg is racogni8ed when Ihg charity is legally entilled lo il aftor any performance conolilions have b88n mel, th¢ IrTivuiII¥ Ldri b¥ '[i¥dbuiv￿ r¥liiibly. f three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in urrenl liabilitses. 1.9 Flnan¢lal Instrumont$ I he chanly has elgcted lo apply the provisions ol Section 11 'LI8siG trinancial Instruments. and Section 12'Q)(her Financial Inslrurnenls Issues, of FRS 102 to all of its financial instruments. Finanrial in5trurnents arg reGogni5ed in the tharily'5 balance Sheet when the charity bewmes party lo the conlraGlu81 provisions of the inslrumenl. 88slc Iln8nclal assots Basic financial assets, which include debtors and cash and bank balances, are initially measured al Iransacliun price induding transaction Costs and are subsequently carried at amortised cost using the effective Inte￿St method unless the ariangemtsnl con$litules 8 lin8ncing transaction, whtsre the Iransaction 18 measured 81 thè prèsent value of the future rec&.ipt8 diwxjunied al A mark&1 nf intpr881 FiNanri81 rlA$8ifiad a8 rec.pivahlg wrthin nnp yf*ar nDI amortised. 14- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless the arrangen)enl constitut$s a financing transaction, wh*ro the dobl instrumonl is measurgd al Ihe prèsènt value ol the future payments discounted at a market rate ol interest. Financial liat)ilities classified as payable within one year are amortised. 1.10 Employee bengflts The CDSt of any unused holiday enliilemènt 1$ re¢ognis¢d in the period In which th& employee's services ore receivgd. Temiinalion benefits are recognised immediately as an expense when the charity is demonstrably commilled to lerminale the employment of en employee or lo provide lerminalion benefits. 1.11 R•llr•m•nt b•n•flt$ PaywEnls lo deliied contr11￿tiOn retirement benefit schemes ore charged as an expense as they fall due. 1.12 Lease8 Ren1818 payable under operating lèas88, includii)g any Ib8s8 incanlives rtsceived, are charged as 8n expense on a strdight line basis over the lerrn of the relevant leas&. crltlcal accountlng 9stlmatg9 and ludg•rn•nts In the gpplicatr'on of the ¢ho1ily s oc¢ounling policies, the Iruslees ore required 19 make judgenEnls, eslimg1¢5 and as8umplions about the Carrying atnounl of assels and liabilities Ihal are not readily appargnl from Other sour¢e$. Thg eslirnales and associated assumptions are based on historical experience and other factors that are considered to be r818vant. Actual results may differ from th8SO OStlmal88. The eslimale5 and underfying assumptions are reviewed on an ongoing basis. Revision5 to accounting estimates are rgcognlsad In the parlod In whlch thg èsllmalg Is revlsad whor9 Ihg ravlsk)n affacts only that psdod, Of In the parlod ol the revision and future per1¢￿S where Ihe revision affec15 both Gurrenl future periods, Incom• from donatlon9 and l•gaclo9 Vnr•strS¢tad R•8trlct•d funds funds 2024 2024 Total UnrestrS¢tsd RestrlGted lund$ funds 2023 2023 Total 2024 2023 Income from dOr￿￿'0n$ and grants Donated goods and services 405.682 310,611 716,293 569,349 221,255 790,fA)4 5.132 5,132 7.295 7,295 410.814 310,611 721,425 576,644 221,255 797,899 15- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om• from donations and1oga¢i•s Icontinutdl Unr•$tri¢t¢d R06tri¢t•d funds funds 2024 2024 Total Unr06tri¢tsd Rt6tri¢t*d fund5 fund8 2023 2023 Total 2024 2023 Grants and donations rac•ivabl• lor ¢or• 8¢tlvltl•s cO￿1G R8lief Crucible FoundaTion Eir)osl Klpinworl Govia Thameslink Railway Fund Jess-E Muslqu8 Llmiied National Lortery No F¥ar BrliJg¥ The Jongen Charitable Trust Thp Sussex Community Foundation Other 25,QQO 50,000 13,000 25,000 50,000 13,QQO 58,502 24,1K)2 33,500 3,000 82.S 33,500 3,Ch)O 19,375 19,375 40,000 146,056 19,600 40.000 27,000 42,271 27,￿0 154,471 146,056 19.800 112,200 15.000 15,000 15,000 15,￿0 14,000 23,580 14,000 374,262 10,000 38,553 10.Q)O 485.129 350.882 426,578 405.682 310,611 716,293 569,349 221,255 790,604 Incom• from In¥•stm•nt¥ Unr*$tri¢t•d Unr•$tri¢t•d funds lunds 2024 2023 Interesl rèceivable 6,184 S.320 Expendltura on ralslng funds Unr•$trS¢t•d Unr•$trl¢t•d lunds lund8 2024 2023 Fundral$lng and publl¢lty Seeking donalions. grants legacies Fundiaisin9 ogents Other fundraising Costs Siaff costs 540 11,752 4,468 95,389 740 10,S>7 2.442 72.423 112,149 86.112 16- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendltur6 on charStablo actlvltles Cli¢nl Support Towards Stability 2024 Tot81 Cli•nt Support Toward8 stability 2023 Tot81 2024 2024 2023 2023 Direct Costs Siaff costs DepreGiation and irnpairrnenl Crisis support (Jirg¢1 Costs Towards s1abilily direct costs Fin8nclal Marketing and communications offi￿ and premises costs Volunteers. ex￿n$&$ Towards slabilily project costs 310,766 48,501 359,267 308,292 47,061 355,353 840 20.262 453 1,293 20,262 976 16,954 525 1,501 16.954 22,114 826 22,114 2,361 9,758 3,460 9,758 9,887 1,535 6,427 15,903 127,721 4,92S 8,563 68,773 2,6S2 24,466 196,494 7,577 12,065 127,925 4,037 6,496 68,883 2,174 18,561 196,808 6,211 20,418 20,418 16,399 16,399 481,952 172,300 654,252 476,676 154,756 631,432 Shar• of sUp￿rt and govgrnanc• costs Is•• not• 71 SLJPPOrt 3,512 1,891 Governance 17,314 9,323 5,403 26,637 10,615 12,822 5,71 6,904 16.331 19.726 502.778 183,514 686,292 500,113 167,376 667,480 Anaty$l$ by fund Unr¢slri¢lod lunds Rgslrl¢lgd funds 274,704 228.074 84,352 99.162 359,056 327,236 336,835 163,278 88,221 79,155 425,056 242,433 502.778 183,514 686,292 500,113 167,376 667.489 Support coats allocat•d to actlvltl•s 21124 2023 Humèn resource5 Recruitment lees Govefn8n¢e cosls 5,403 6,130 10,200 19.727 26,637 32,040 36,057 Analysed be￿een. Cliènt Support Towards Stability 20,826 11,214 23,437 12,620 32,040 36,057 17- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support CO8t$ allocat￿ to a¢tiviti¢$ Icontinutdl 2024 2023 Governance colts ¢ompri8e'. Staff eosls Accountancy Monitorin9 and evaluation Trustee Iraining Trusl8a expanse8 Stralegir planniry 17,087 3,214 1.400 7,335 3.235 6,239 471 4,4fj5 2.528 26.fi37 19.727 Included wltrln 9)vernance costs are payments lo the independent examlners of £1,000 plus VAT12023.. £1,000 plu5 VATI and £1,500 plus VAT lor olh8r professional 188912023.. £1.500 plus VATI. Nel movernent in funds 2024 2023 The nel movement in funds is slated after chargingllcreditingl.. Depreclation of ownèd tanglblé flxèd assets 1,293 1,$01 Trustpes None ol the trustees lor any p8rsons connected with theml received any remun8ralion or ben8lils frorn th& charily durin9 the yeor. 10 Employ•88 Thè average monthly number ol employeès during the yoar ￿,8$.. 2024 2023 N￿rn￿r Number 16 15 Employment eo818 2024 2023 Wages and s8lariey Social security costs Other pension costs 413.717 32.255 15,284 358,514 26,374 14,656 461.256 399.544 18- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employ•¢$ Icontinutdl During the ye8r Ihe number of full-time equivalent employees, including Part-time staff, w88 1212023.. 111. The p8i¢t staff team are supported by a team of volunteers who donate their tittie and skills lo the Chanly . In 2024 Ihe number ol hours provided by volunteer5 wa5 approxirllately 6,25012023 6,3751. Based on the Real Living Wa9e1£12.50 per hour In 2024 and £12 per hour 20231, IhSs equates lo £78,125 12023.. £76.5001. In accordance with the CharllI89 statement of Recommended Practice this amount has not been recognised in the accounts as donated income and Th&r8 wore no gmployges whose annual rtrmunorallon was more than £60,000. Romun8ratlon of koy managoment pgrsonn81 Thè key m•n8gernènt p&rsonnÈl of the Charity ¢omprise thè TrU￿e¢S and thè CEO No trustees werè paid any ramunaralion duilng the year in thèir role as a trustee, The tolal r8mun8rats.on of k8y Manageff￿nI parsonnél was as lollow5'. 2024 2023 A9gregale ￿Mpensat￿on 67,693 48,￿2 11 Taxation Thè charfty Is axémpt from taxallon on aetlvitl8s b8cause all its Incornè Is app118d for charftablè purpos•s. 12 Tanglbl• Ilx•d ass•ts FiAtur88 and itlngg Cogt Al 1 January 2024 Additions 21.554 1,020 Al 31 De¢embpr 2024 22.574 Depr•clallon and Impalrm•nt At 1 January 2024 Depreciation charged in the year 17,638 1.293 Al 31 December 2024 18,929 Carrying amount At 31 December 2024 3,645 At 31 Decemb8r2023 3.917 19- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Debtors 2024 2023 Amount8 f8lllng due wlthln one year.. Other debtors Prepayments and accrued income 19,800 58,761 20.725 91,330 112,055 14 Cr•dllor$'. amounts falllng du• wlthln on• y*ar 2024 2023 Notes Oihgr taxation and 60cial security Deferred incorne Trade ¢reditors Other credilors Ac¢rua18 1S 100,005 871 14.020 9,805 90.364 16.259 2,241 7.272 124.701 122,745 15 Deferred Income 21124 2023 Arising from Grants received in advan¢8 100.005 90,364 Défèrr8d Incom8 Is Induded In thè Ilnancial stat8rn8nts as folkjws,. 2024 2023 Delgri$d income is included within., Curr¥nl liabil￿.￿S 100,005 90.364 Movements in the year.. Deleried in¢Dme al 1 January 2024 Rèla8s$d from provious pariods Resources deferred in the ygar 90,364 190,3641 100,005 90,364 Deleried In¢Dme al 31 De¢EMber 2024 100.005 90.364 16 Rgllr•m•nl b¢n•flt $¢hgmg9 2024 2023 Defined contribution schemes Charge to profit 01105s in respect of delined contribution schemes 15.284 14,656 -20- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Relir•m•nt benefit s¢hèm•8 Icontinutdl The ch8rity oper8leg 8 defir*d ¢ofttribution pen$it)n scheme for $11 qu8lifying employees. The essets of Ihe scheme ere held separately Irotn those ol the chanty in an independently adtllinistered fund. At the balance sheet dale the arnount duè to the pension scheme was £2,S1912023." £22411. 17 Restricted lunds The restricted funds of the tharily cornprise the unexpended balance5 of donation5 and grant5 held on trust subject lo specific conditions by donor5 as to how they rnay be used. At 1 January 2024 Incoming r•$our¢•$ Re$ources4t 31 December gxp•nd•d 2024 Crisis Suppc>rt Towards Stability Proj8cI Building Trust, Sew Esteem & Confidence 11.005 20,595 6,425 95,031 81.614 133,966 192,0371 199.1621 1138.0371 13,999 3.047 38.025 310,611 1327,2361 21,400 Pr•vlous y•ar'. At 1 January 2023 Incomlng r8sourc•s R•souTc•s4t 31 D•c•mb•r gxp8nd•d 2023 Crisis Support Towards Stability Projgct Building Trust, Sell Esteem & Confidence 26,127 27.243 5,833 62,004 72,506 86,745 177,1231 IT9,1551 186.1551 11,r 20,594 6,423 59,203 221,255 1242,4331 38,025 Our Crisis Support projeot rneets th¢ needs ol young people ivho are experiencing homelessness through the provision ol food, laundry. show8rs, clolhing and olh8r e888rn1i8ls, as w&ll as ¢as8-working and rglerials inlo other Sgrvices in tha city. In 2024, contributions were generously mad8 by Ernest Kleinwort Charitable Trust, The Pebbl8 Trust, Chalk Cli Trust, National L(>tlery. Brighton Dislrict Nursing Associalion Trust, Sussex Community Foundation, OS&B Society. Govia Thameslink Railway Fund. Land Aid. Comic Relief and Fine and County. Our Towards Stabilitylmove-on project provides support to young people who are ready to seek and retsin housing, work, 118ining. volunteering. and other opportunities. This work has been kindly supported by CAF Bank K9yslone Fund. National Lottery. No Fear Bridge, Comic Relief and Crucible Foundation. The a¢iivities, workshops and classes provided through Ihe Building Trust, Self E8leetn and Confidence project enable our clients to IniFiove their emotional and physical wellbeing and further engage with case-working, which addressed 98¢h Indlviduals, clicumstances. In 2024, thSs was gonerously fundgd by National Lottery, BrSghlon Distd¢l Nursing As80cialion. Govia Thamesl'nk Railway Fund. Sager in Sussex, Cotnic Relief and Crucible Foundation. 21 THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Unrestrlcted funds The unre8tri¢ted lunds of the charity ¢ompri$e ihe unexpended b818nce$ of dtsn8tion8 and gr8nt8 which 8re not 8ubje¢t to specific condibons by donors and grantors as to how they Nay be used. These ir￿ude designated funds which have beèn sèt aside out ol unrestrlcted funds by the trustees for specllic purposes. At 1 January 2024 Incornlng resources Resources expended Transfers4t 31 December 2024 Dilapidations Closure and redundancy provision 50,000 50,LI 131.530 20.OQO 20,000 257,241 17.569 115.0001 15,0001 2,431 149.099 Straiegic projgcts fund Equipment feplac8menl fund General fund5 15,(K>O 205.465 416.998 1471.2051 478,771 416,998 1471,2051 424.564 Pr•vltsui y•ar'. At 1 January 2023 In¢omSng ro$our¢4s R•stsure•8 oxp•nd•d TransfersAt 31 Dec•mber 2023 Di18pidalions Closur$ and redundancy provislon 50,OQO 50,1XXI 147,843 20.000 30,000 160,332 116,1131 131,$30 20.( 20,LXkl 257,241 Strategic projects fund Equipmanl replae8rnenl fund Ggngral lund$ 110,0001 26.113 581,964 1511,1681 407,975 581,964 1511,1681 478.TT1 Thg ganèral fund Includès'frae resarv8s' after allowing lor all dasignatgd f(Jnds. The fr99 res9rvg$ Ig9n¢ral fundg excluding tangibb fixed a5S9151 are £201,820 al 31 D?Ggtnber 202412023.. £253,324). Dllapldallons- relates lo opfrrallon ¢essaUon, cost8 to rglurn1&8s9hol¢J prgmlsgs lo Ih91r orlglngl configurallon should the landlord require. Closur$ and rèdundancy provision relaias lo th8 nècgssary funds rèquiréd should CTS, oparations hav$ to caass irnmedialely Including redU[￿anCY payrnents. Strategic projacts fund is to provid8 funds to invèstigatè, ass&8s and 1rial lil appropriatèl diff8rénl projects OLrtsida lh$ op8r3tional day to day budg8t covering areas such as h8allh, education and emplos'menl and accornmodalion, -22- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Analysls of net assets between fund Unrostricted lund8 2024 R•$trictsd funds 2024 Totthl 2024 At 31 Docembei 2024- Tangible gssels Current assetsl{Iiabilitiesl 3,045 420,919 3,645 442,319 21.400 424,564 21.400 445. Unr•$trictod funds 2023 R•8tri¢tsd funds 2023 Total 2023 At 310•¢•mbei 2023: Tangible assets Current 8sstttsllliabililiesl 3,917 474,854 3.917 512,879 38,025 478,771 38,025 516,796 20 Op•ritlng1*•8• ¢ommltm•nt8 Lessee Amounis reGognL5ed in profrt or loss as an expense during the period in respe¢l of cperoting lease arrangements were £129,46912023.. £123,192), Al the reporting end date the charity had outstanding comrnitments for lulure rninimum leBse payments under non-cancellable op8raling leases, which fall dug ag follows.. 2024 2023 Wblhin one year Between two and five years 29,200 29,200 29,200 29,200 58,400 21 Related party transactlons During the year donations ￿thout restrictions were received from trustees lotalling £1,44412023.' £3001. One trusteè was reimbursed iravel and subsislence costs of £5512023.. one Iruslee r&imbursed Iravel and subsi3tence ¢08ls of P3goi Ther& ar8 no othèr rèlated paty transactions requiring disclosure during Ihe year -23- THE CLOCK TOWER SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Cash (absorb￿ byllgener&ted Irom operatSons 2024 2023 (Deficilysurplus lor ihe year 170.8321 49,618 Adlu$tmottt$ for: Inveslment incorne recognised in statenent of ffi'nancial activities Depre¢iation and impairment of langible fixed ass¢is 16,1841 1.293 15.Y201 Movam•nts In worklng eapltal.. Decreasellincreasel in debtors IDacr¥dseiiincredse in creditors Increase In defe￿ed Income 33,494 17,6851 9,fj41 145.8821 9,204 90,364 Cash labsorbgd byllgènarat•d from oporatlons 140.2731 99,485 23 Analy$i$ of ¢hang•8 in n*t fund8 The charity had no material debt during the year. -24- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.