**REGISTERED CHARITY NUMBER: 1158364** **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025** ## **FOR** ## **THE PELHAM CIO** Gibbons Mannington & Phipps LLP Chartered Accountants 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE **THE PELHAM CIO** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025** ||**Page**|**Page**|**Page**| |---|---|---|---| |**Report of the Trustees**|1|to|5| |**Independent Examiner's Report**||6|| |**Statement of Financial Activities**||7|| |**Balance Sheet**||8|| |**Notes to the Financial Statements**|9|to|17| |**Detailed Statement of Financial Activities**|18|to|19| **THE PELHAM CIO** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025** The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The Objects of the charity are in accordance with Christian principles and for the public benefit, to further or benefit the residents of Sidley (Bexhill), East Sussex and such other parts of the United Kingdom as may be decided by the charity trustees, without distinction of sex, sexual orientation, race or of political, religious, or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. In furtherance of the Objects (but not limited to) the trustees shall have the power to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the Objects. Nothing in this constitution shall authorise an application of the property of the CIO for purposes which are not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 or section 2 of the Charities Act (Northern Ireland) 2008. ## **Public benefit** The charity trustees can confirm that they have fulfilled their duty to conduct and guide the charity to benefit the public using their powers, in accordance with the 'Objects and Charitable Aims' outlined in the Constitution. Page 1 **THE PELHAM CIO** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** The Pelham is enriching lives in real and diverse ways for our community in Sidley and Bexhill-on-Sea. We are a provider and host of activities and projects that bring hope and practical support to people’s lives. The last year has been fuller than ever, and we continue to serve our community through using our former Victorian hotel as a community hub, which we have been renovating over the last 13 years in 5 phases of redevelopment. Through this space we operate our volunteer-led Coffee Lounge as well as serving our community through RunningSpace, The Pelham Counselling Service and our Youth Work in the basement. Our dedicated staff team remain deeply committed to the mission of the charity, complemented and outworked by our 45+ strong volunteer team who bring life to The Pelham in abundance. The volunteers contribute 47% of all the hours invested in seeing the charity flourish, demonstrating their significant contribution to day-to-day life. ## Here is a summary of our impact below: ## **The Coffee Lounge and Community Hub** Our Coffee Lounge remains a safe and welcoming space in the community five days a week, hosted brilliantly by our dedicated team of volunteers serving over 150 customers per week. We now partner with over 65 organisations within our community hub, working together to provide over 150 of community activities each week with opportunities ranging from health and wellbeing to education and social. Twenty-One organisations use the space weekly, and we have an annual footfall of over 40,000 people. In December 2024, we took a snapshot of our impact and footfall for a week and had 839 occasions where someone walked through the doors of The Pelham. 312 people directly engaged with activities run by ‘The Pelham’, with 527 accessing support and engagement with other partners based here. In that week, we had 29 different organisations working from our community space and 145 hours of bookings. In January 2025, we reached the milestone of having The Pelham Coffee Lounge open for 10 years. This has been sustained through the incredible input of our volunteer team, contributing over 6000 hours to the charity’s activities in the last 12 months, primarily in the Coffee Lounge and Community Hub. A significant new partnership is The Pelham becoming the base for Little Gate College, which is a new educational provision for people aged 16-24 with a current EHCP (Education and Health Care Plan) and a desire to be in paid employment. Their vision is to improve the number of people with SEND (special educational needs and disabilities) who are in paid employment which aligns with our mission as a charity too. ## **RunningSpace** Our RunningSpace suicide prevention project continues to champion life and beat suicide by teaching people how to walk2run, bringing hope to people’s life and educating our community in suicide prevention. Over the year and across our seven RunningSpace locations we delivered 195 sessions, with the help of over 500 volunteer run leader hours. Together, we championed 1646 lives and together walked and ran 5948 miles of hope. We hosted two safeTALK suicide alertness training sessions, equipping 33 local people to be more able to support those in our community who are struggling with suicidal thoughts and to help keep them safe. In September, we hosted our 4th annual World Suicide Prevention Day, a 24-hour relay event where we continuously pray, walk and run a 5km route around Sidley, Bexhill to raise awareness around suicide prevention. This time, 122 joined in to complete 180 x 5k loops (average 7 people per hour) totalling 558 miles (21 marathons!). ## **Youth Work** Page 2 **THE PELHAM CIO** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025** Our youth work now runs three sessions a week for secondary school aged students. Two of these are after-school, as well as a lunchtime club for home educated students each week. We also ensure that at least one youth activity runs each week of the school holidays and we are actively engaged with and supporting over 60 young people. The Basement now hosts three other weekly children and youth partner organisations, as well as other one off and less regular meetings. This fulfils one of the aims of the basement development, to share the space with other organisations, much like our existing work above ground, but in a dedicated space for young people. ## **The Pelham Counselling Service** The Counselling Service continues to provide low-cost counselling and therapy group work to over 50 active clients through our team of ten therapists. Over the last year we delivered over 1400 one to one sessions, as well as two group therapy courses for young people to help manage anxiety and build resilience. Thirty percent of our beneficiaries are young people, showing the reach of our counselling work. Our monthly Bereaved by Suicide Support group is growing steadily since we began in the September 2024. Seven people have now attended, with interest and awareness of the group growing each month, reflecting our wider work as a charity around suicide prevention and bereavement support. ## **Supporters, funders and local partners** We would like to thank our generous individual donors and funders for their support to The Pelham to deliver an impact on the lives of local people and the community. The following grants received during the 2024/25 financial year: ## Local -Ashburnham Thanksgiving Trust -Bexhill Town Council -Rotary Club of Bexhill -St Laurence Church, Catsfield -St Peter’s Church, Ashburnham ## Regional -Chalk Cliff Trust -Ernest Kleinwort Charitable Trust (EKCT) -Goodnews Evangelical Mission (GEM) -Making it Happen – ESCC, SCDA, RVA -NHS Sussex ICB -Rother Community Safety Partnership – Joint Action Group (via Rother District Council ) -St James’s Place Charitable Foundation -Southern Water -Southover Manor Trust -Sussex Community Foundation -Sussex Police National -Childwick Trust -Levelling Up Partnership Funding Programme (MHCLG via Rother District Council) -The Clothworkers Foundation -The National Lottery Awards for All -The National Lottery Community Fund - Reaching Communities Page 3 **THE PELHAM CIO** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025** ## **FINANCIAL REVIEW** Total income for the year was £529,565 (2024: £361,496), and total expenditure for the year was £299,996 (2024: £379,356). This result in a net surplus for the year of £229,569 (2024: deficit £17,860). It is the policy of the charity to maintain reserves equal to between 3 and 6 months expenditure. This amount has been designated and forms the Sustainability fund. As at the year end total reserves amounted to £907,445 (2024: £677,876). Of which £271,468 (2024: £47,360) related to restricted funds, and £598,126 (2024: £566,707) had been designated which includes the property fund. The free reserves of the charity at the year end amounted to £37,851 (2024: £32,046). During the years ended 31 March 2024 and 31 March 2025, the charity has spent a large amount of reserves in developing the basement at The Pelham, which the Trustee's consider to be a long-term enhancement to the delivery of the charity's objectives, but as a result of this project the free reserves have been adversely affected in the short-term. Since the year-end, an unrestricted grant of £30,000 has been agreed, which will assist with returning the free reserves to the desired level. It is the aim of the trustees and CEO to strategically build reserves to an adequate level, in order to sustain the financial health of the charity. Future expenditure will be focused around on the core objectives of The Pelham and projects will be prioritised based on the resources and funding available, as well as the needs of the community. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is governed in accordance with its Constitution, dated 15th June 2016, and in the legal and charity regulations as a registered charity and a Charitable Incorporated Organisation (CIO). ## **Recruitment and appointment of new trustees** The power of appointing new or additional Trustees is vested in the Trustees. Prior to appointment, new trustees would be introduced to the workings of the charity, given a role description and advised of their responsibilities. ## **Organisational structure** At the end of the financial year, the charity had 4 trustees as well as a recognised officer, who fulfils the role of CEO. Over this financial year, there were six trustees’ meetings. During the course of the financial year, the charity employed 14 different staff members, starting with 12 (4.9 Full time equivalent (FTE) staff) and finishing with 10 (6 FTE). As a team this covered the operations of The Pelham as a Community Hub and Coffee Lounge as well as the Youth work, RunningSpace and Counselling Service. This also includes the general infrastructure and the leadership and ongoing sustainability and development of the charity. We also had 11 sessional counsellors working within The Pelham Counselling Service. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered Charity number** 1158364 ## **Principal address** The Pelham Holliers Hill Bexhill-on-Sea East Sussex TN40 2DD Page 4 ## **THE PELHAM CIO** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025** ## **Trustees** Mr Robert Harper (resigned 31/3/2025) Mr Andrew Garlick Ms Jane Dicker (resigned 9/5/2024) Mr Jeremy Hocking Mrs Lynette John-Roberts Mrs Rachel Bickersteth (appointed 14/2/2025) CEO - Mr Oliver Jeffs The CEO is not a trustee of the charity. ## **Independent Examiner** Mr Richard Appleyard FCA Gibbons Mannington & Phipps LLP Chartered Accountants 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE ## **Bankers** HSBC , 4 Robertson Street, East Sussex, TN34 1HW Approved by order of the board of trustees on 19th November 2025 and signed on its behalf by: Mr Jeremy Hocking - Trustee Page 5 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PELHAM CIO** ## **Independent examiner's report to the trustees of The Pelham CIO** I report to the charity trustees on my examination of the accounts of The Pelham CIO (the Trust) for the year ended 31st March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Richard Appleyard FCA Gibbons Mannington & Phipps LLP Chartered Accountants 20 Eversley Road Bexhill-on-Sea East Sussex TN40 1HE 28th November 2025 Page 6 ## **THE PELHAM CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025** |Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**21,850**
**Charitable activities**
4
Charitable activities
**88,319**
Projects
**264**
Investment income
3
**1,820**
**Total**
**112,253**
**EXPENDITURE ON**
Raising funds
5
**65**
**Charitable activities**
6
Charitable activities
**108,335**
Projects
**(1,605)**
**Total**
**106,795**
**NET INCOME/(EXPENDITURE)**
**5,458**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
As previously reported
**598,753**
Prior year adjustment
11
**31,763**
**As restated**
**630,516**
**TOTAL FUNDS CARRIED FORWARD**
**635,974**|Restricted
funds
£
**109**
**275,861**
**141,342**
**-**
**417,312**
**1,610**
**85,896**
**105,695**
**193,201**
**224,111**
**47,360**
**-**
**47,360**
**271,471**|**2025**
**Total**
**funds**
_a_
**£**
**21,959**
**364,180**
**141,606**
**1,820**
**529,565**
**1,675**
**194,231**
**104,090**
**299,996**
**229,569**
**646,113**
**31,763**
**677,876**
**907,445**|_2024_
_Total_
_funds_
_s restated_
_£_
_23,810_
_161,548_
_175,511_
_627_
_361,496_
_4,166_
_170,307_
_204,883_
_379,356_
_(17,860)_
_695,736_
_-_
_695,736_
_677,876_| |---|---|---|---| The notes form part of these financial statements Page 7 ## **THE PELHAM CIO** ## **BALANCE SHEET 31ST MARCH 2025** ||||||**2025**|_2024_| |---|---|---|---|---|---|---| |||Unrestricted|Restricted||**Total**|_Total_| |||funds|funds||**funds**|_funds_| |||||||_as restated_| ||Notes|£|£||**£**|_£_| |**FIXED ASSETS**||||||| |Tangible assets|12|**631,426**||**-**|**631,426**|_630,233_| |Investments|13|**10**||**-**|**10**|_10_| |||**631,436**||**-**|**631,436**|_630,243_| |**CURRENT ASSETS**||||||| |Stocks|14|**1,124**||**-**|**1,124**|_-_| |Debtors|15|**17,206**||**-**|**17,206**|_24,817_| |Cash at bank and in hand||**24,938**|**271,468**||**296,406**|_61,428_| |||**43,268**|**271,468**||**314,736**|_86,245_| |**CREDITORS**||||||| |Amounts falling due within one year|16|**(38,727)**||**-**|**(38,727)**|_(38,612)_| |**NET CURRENT ASSETS**||**4,541**|**271,468**||**276,009**|_47,633_| |**TOTAL ASSETS LESS CURRENT**||||||| |**LIABILITIES**||**635,977**|**271,468**||**907,445**|_677,876_| |**NET ASSETS**||**635,977**|**271,468**||**907,445**|_677,876_| |**FUNDS**|18|||||| |Unrestricted funds|||||**635,977**|630,516| |Restricted funds|||||**271,468**|47,360| |**TOTAL FUNDS**|||||**907,445**|677,876| The financial statements were approved by the Board of Trustees and authorised for issue on 19th November 2025 and were signed on its behalf by: Mr Jeremy Hocking - Trustee The notes form part of these financial statements Page 8 **THE PELHAM CIO** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Financial reporting standard 102 - reduced disclosure exemptions** The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 10% on reducing balance No depreciation is provided on the cost of the freehold land and buildings. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... Page 9 **THE PELHAM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** |**2.**|**DONATIONS AND LEGACIES**|**DONATIONS AND LEGACIES**||| |---|---|---|---|---| ||||**2025**|_2024_| |||||_as_| |||||_restated_| ||||**£**|_£_| ||Donations||**19,097**|_19,793_| ||Gift aid||**2,755**|_4,017_| ||Cycle to Work Scheme Income||**107**|_-_| ||||**21,959**|_23,810_| |**3.**|**INVESTMENT INCOME**|||| ||||**2025**|_2024_| |||||_as_| |||||_restated_| ||||**£**|_£_| ||Deposit account interest||**1,820**|_627_| |**4.**|**INCOME FROM CHARITABLE ACTIVITIES**|||| ||||**2025**|_2024_| |||||_as_| |||||_restated_| |||Activity|**£**|_£_| ||Room hire|Charitable activities|**51,780**|_40,540_| ||Management fees|Charitable activities|**5,864**|_504_| ||Grants|Charitable activities|**277,838**|_93,732_| ||Car parking|Charitable activities|**3,905**|_2,945_| ||Coffee lounge|Charitable activities|**24,066**|_22,767_| ||Projects|Charitable activities|**-**|_197_| ||Other|Charitable activities|**727**|_863_| ||Grants|Projects|**47,024**|_80,532_| ||Projects|Projects|**94,582**|_94,979_| ||||**505,786**|_337,059_| |**5.**|**RAISING FUNDS**|||| ||**Other trading activities**|||| ||||**2025**|_2024_| |||||_as_| |||||_restated_| ||||**£**|_£_| ||Closing stock||**(704)**|_-_| ||Bad debts||**-**|_1,157_| ||Fundraising costs||**2,379**|_3,009_| ||||**1,675**|_4,166_| continued... Page 10 **THE PELHAM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** ## **6. CHARITABLE ACTIVITIES COSTS** |Charitable activities
Projects
**7.**
**SUPPORT COSTS**
Charitable activities
Projects
Support costs, included in the above, are as follows:
**Governance costs**
Accountancy and examination fees
Legal and professional fees|Direct
Costs
£
**189,152**
**103,833**
**292,985**
Finance
£
**459**
**257**
**716**|Support
costs (see
note 7)
£
**5,079**
**257**
**5,336**
Governance
costs
£
**4,620**
**-**
**4,620**
**2025**
Charitable
activities
**£**
**2,256**
**2,364**
**4,620**|Totals
£
**194,231**
**104,090**
**298,321**
Totals
£
**5,079**
**257**
**5,336**
_2024_
_as_
_restated_
Total
activities
_£_
**_3,476_**
**_98_**
**_3,574_**| |---|---|---|---| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. ## **9. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
**175,894**
**8,111**
**4,338**
**188,343**|_2024_
_as_
_restated_
_£_
_191,232_
_6,858_
_4,027_| |---|---|---| |||_202,117_| continued... Page 11 **THE PELHAM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** ## **9. STAFF COSTS - continued** The average monthly number of employees during the year was as follows: **2025** _2024 as restated_ Average number of employees **10** _14_ No employees received emoluments in excess of £60,000. Total amounts paid for Key Management Personnel during the year were £51,445 (2024: £48,697). During the year £96 (2024: £1,425) was paid in respect to termination payments. ## **10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
21,679
**Charitable activities**
Charitable activities
68,306
Projects
-
Investment income
627
**Total**
90,612
**EXPENDITURE ON**
Raising funds
1,695
**Charitable activities**
Charitable activities
88,395
Projects
-
**Total**
90,090
**NET INCOME/(EXPENDITURE)**
522
**Transfers between funds**
(19,467)
**Net movement in funds**
(18,945)
**RECONCILIATION OF FUNDS**
Total funds brought forward
649,461
**TOTAL FUNDS CARRIED FORWARD**
630,516|Restricted
funds
a
£
2,131
93,242
175,511
-
270,884
2,471
81,912
204,883
289,266
(18,382)
19,467
1,085
46,275
47,360|Total
funds
s restated
£
23,810
161,548
175,511
627
361,496
4,166
170,307
204,883
379,356
(17,860)
-
(17,860)
695,736
677,876| |---|---|---| continued... Page 12 **THE PELHAM CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** ## **11. PRIOR YEAR ADJUSTMENT** During the previous period, £31,763 of funds were spent developing the basement into a space that can be used for the purposes of the charity's activities. The result of this development is that there has been substantial enhancement to the property, and as such it has been decided that the costs are more accurately reflected as capital improvements to the property, and not as expenditure on charitable activities. ## **12. TANGIBLE FIXED ASSETS** |**COST**
At 1st April 2024
Additions
At 31st March 2025
**DEPRECIATION**
At 1st April 2024
Charge for year
At 31st March 2025
**NET BOOK VALUE**
At 31st March 2025
At 31st March 2024
**13.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1st April 2024 and 31st March 2025
**NET BOOK VALUE**
At 31st March 2025
At 31st March 2024|Freehold
property
£
**626,787**
**1,538**
**628,325**
**-**
**-**
**-**
**628,325**
_626,787_|Fixtures
and
fittings
£
**8,007**
**-**
**8,007**
**4,561**
**345**
**4,906**
**3,101**
_3,446_|Totals
£
**634,794**
**1,538**
**636,332**
**4,561**
**345**
**4,906**
**631,426**
_630,233_
Shares in
group
undertakin
£
**10**
**10**
_10_| |---|---|---|---| The Pelham CIO owns 100% of the share capital of The Pelham Building Enterprises Limited. continued... Page 13 **THE PELHAM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** |**14.**
**STOCKS**
Finished goods
**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**17.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans|**2025**
_2024_
_as_
_restated_
**£**
_£_
**1,124**
_-_
**2025**
_2024_
_as_
_restated_
**£**
_£_
**15,821**
_23,539_
**1,385**
_1,278_
**17,206**
_24,817_
**2025**
_2024_
_as_
_restated_
**£**
_£_
**8,544**
_5,061_
**30,183**
_33,551_
**38,727**
_38,612_
**2025**
_2024_
_as_
_restated_
**£**
_£_
**28,347**
_31,763_| |---|---| continued... Page 14 **THE PELHAM CIO** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** ## **18. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||||| |---|---|---|---|---|---| |**Unrestricted funds**
General fund
Designated property
fund
Designated
sustainability fund
Designated basement
project
**Restricted funds**
Staff fund
RunningSpace
Pelham Counselling
Service
Youth
CAP money course
Levelling Up
Partnership Funding -
Top floor
Bexhill Town Board
**TOTAL FUNDS**|At 1/4/24
£
**3,846**
**598,470**
**28,200**
**(31,763)**
**598,753**
**18,801**
**9,494**
**9,785**
**8,390**
**890**
**-**
**-**
**47,360**
**646,113**|Prior
year
adjustment
£
**-**
**-**
**-**
**31,763**
**31,763**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**31,763**|Net
movement
in funds
£
**3,986**
**(344)**
**1,819**
**-**
**5,461**
**30,385**
**29,930**
**5,167**
**17,717**
**-**
**139,372**
**1,537**
**224,108**
**229,569**|Transfers
between
funds
£
**30,019**
**-**
**(30,019)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|At
31/3/25
£
**37,851**
**598,126**
**-**
**-**| ||||||**635,977**
**49,186**
**39,424**
**14,952**
**26,107**
**890**
**139,372**
**1,537**| ||||||**271,468**| ||||||**907,445**| Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|**110,434**|**(106,448)**|**3,986**| |Designated property fund|**1**|**(345)**|**(344)**| |Designated sustainability fund|**1,819**|**-**|**1,819**| ||**112,254**|**(106,793)**|**5,461**| |**Restricted funds**|||| |Special projects|**7,300**|**(7,300)**|**-**| |Staff fund|**107,776**|**(77,391)**|**30,385**| |RunningSpace|**66,259**|**(36,329)**|**29,930**| |Pelham Counselling Service|**51,569**|**(46,402)**|**5,167**| |Youth|**32,457**|**(14,740)**|**17,717**| |Levelling Up Partnership Funding -|||| |Top floor|**150,000**|**(10,628)**|**139,372**| |Bexhill Town Board|**1,950**|**(413)**|**1,537**| ||**417,311**|**(193,203)**|**224,108**| |**TOTAL FUNDS**|**529,565**|**(299,996)**|**229,569**| continued... Page 15 **THE PELHAM CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** ## **18. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|Transfers|| |---|---|---|---|---| |||movement|between|At| ||At 1/4/23|in funds|funds|31/3/24| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|17,426|277|(13,857)|3,846| |Designated property fund|598,853|(383)|-|598,470| |Designated sustainability fund|33,182|628|(5,610)|28,200| ||649,461|522|(19,467)|630,516| |**Restricted funds**||||| |Staff fund|28,091|(14,290)|5,000|18,801| |RunningSpace|5,498|10,096|(6,100)|9,494| |Basement project|1,010|(15,967)|14,957|-| |Pelham Counselling Service|13,773|(3,988)|-|9,785| |Youth|248|8,142|-|8,390| |PBE trading|(3,235)|(2,375)|5,610|-| |CAP money course|890|-|-|890| ||46,275|(18,382)|19,467|47,360| |**TOTAL FUNDS**|695,736|(17,860)|-|677,876| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Designated property fund
Designated sustainability fund
**Restricted funds**
Special projects
Staff fund
RunningSpace
Basement project
Pelham Counselling Service
Youth
PBE trading
**TOTAL FUNDS**|Incoming
resources
£
89,983
-
628
90,611
22,655
69,578
46,274
56,596
33,204
18,323
24,255
270,885
361,496|Resources
expended
£
(89,706)
(383)
-
(90,089)
(22,655)
(83,868)
(36,178)
(72,563)
(37,192)
(10,181)
(26,630)
(289,267)
(379,356)|Movement
in funds
£
277
(383)
628
522
-
(14,290)
10,096
(15,967)
(3,988)
8,142
(2,375)
(18,382)
(17,860)| |---|---|---|---| ## **Designated funds** Property Fund: This fund represents the written down value of the charity's fixed assets at the year end. Sustainability Fund: This fund earmarks funds for the sustainability of the charity. ## **Restricted funds** Special projects: This fund is for donations received for various projects of low value. continued... Page 16 **THE PELHAM CIO** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025** ## **18. MOVEMENT IN FUNDS - continued** Staff fund: This fund contains grants specifically towards staff costs of the charity. RunningSpace, Pelham Counselling Service, Youth, PBE Trading and CAP Money Course; these funds represent specific projects carried out by the charity towards which specific grants, donations and other sources of funding are received for each specific project. Basement project: Funds have been received towards the cost of carrying out improvements to make use of the basement in the charity's property. ## **Transfers between funds** Fund transfers in the year have been made from unrestricted funds to clear overspends on restricted funds. ## **19. RELATED PARTY DISCLOSURES** As at the year end the balance of the unsecured loan repayable to Mr R Harper (Trustee) was £28,347 (2024: £31,763). During the year the interest accrued on this loan, at a rate equal to the Bank of England base rate, amounted to £1,538 (2024: £2,163). During the year, £11,682 was also paid to Rother Bookkeeping Limited (the Directors of which are related parties of the Charity), for bookkeeping services to the Charity. Page 17