REGISTERED CHARITY NUMBER: 1158437 CHARiri COMMISSION REPORT OF THE TEES AIYD UNA15DITED FtNANCIALgfATEMENTS FOR THE Y NDED 31 MARC LEWES HOUSE OF ffiIUEP4 Htp FORMERLY KNOWN AS AGE CONCERN LEWES FI CRT Lituited Flat 24 WelliDgtoniaCotht tAine Close BNI 6fD
WFS HOUSE OF FRIENDSHIP Y KNOWN AS NCERF4 wEs corfrENIS OF THE FINANCL4L STATEMENTS R THE YEAR I hlARCH 2024 Report of the Trustees 1 6 Illdtpend¢Dt Examinerfs Rert Statelllellt of Fln•ndal A¢tlviti¢s Balance Shtet Casb Flow St8ternent io Notes lo the Cash Flow St&tezDent Note4 to the FID4D¢i&I Statements 12 to 19
lwE5 HOUSE OF FRtENDSBIP FO KN WN AS AGE CON ItEPORT OF THE TRLSTEES FOR TFIE YEAR EfDED 31 TrIARCH 2024 The th]stee5 present ther ror with the fv)an¢iaJ $enlts of the ¢harrty for the ve4r ended 31 Mwrh 2024. The t]U5tert have adopted the provision5 of Reporting by Cll1es.' Statement of Recom]ll¢nd¢d Pwtr"ce appli¢able to ch&iti¢S PNMTing their a¢¢ounts in accordanc£ with th¢ FiDan¢iai ReportXtt8 applieable iT) tho UK R¢pllblic of Freland IFRS 102) {¢ffective l JanuaE) 2019). OWECTIVES A14D AcfiviTIES Objectivcs #ndaims lffjw¢s H(5U5e of Friendship exists fo proJnotE the wellkng of older ID any which or horeAfts8r maybe. deemed by law to be charitsbk aroUd i<i The staff alld YO1 tIe objeLtsives during the year by c(*ttinuiDg to en¢4)ufd8e partiCjPdtj in actt&rytLes held its th¢ House itsejf (after th¢ Covid it)terlude) and by Cothi10g the lunch delivery seTrice to members, hotnes wheTr [eqtre& Publit th¢flt l£wes House of Friendship exi%ts to sllptKrtthe oldermunbpxs of the ComDjty of IKwes and its SurroThill8 vilLages aDd small tOWDS and was, throughout the year, a Friend of Age Fa4t Su5gex. Its aCtiNleS are desiglled 501tly to b¢ll¢ftt its members, thc public from whi¢h its aTE dEawffj and th¢ COnYnUDty in which it is locate(L
LEWES HOUSE OF FRTBNDSHtp FO AS AGE CONCERN LEWES REPORT OF THE TR FOR THE YEAR ENDED JI MARCH2024 ACEttEVEMELYT ANDPERFORMANCE Chgrltable actlvlties Thi$ Ye hEs seeJL the House stsrt to ftel that th¢ Covid itherlude T¢alty has now ended," twrttably, sorne mellLbus remain unhappy aEotrt goitig it)to social scttiDg5. The tne6 are pleased to report that tlLe E]umber of kwple part in a¢tivilies Ithe HOUSE itself is starting to get backto pEt-p3thi¢ levels. There Trere 200 mEmbers by the ejjd of the yew- up from 170 the tfjyvioosyur. The ExecutNe CotDmitte¢ met seven oc1nS durtTrg the year 8Dd to grapple FAith about fiDallce adthe funr¢. These ?xEetIeS wete allay41 to sottte bythe receipt ofa very geller0$ legaey from 1be lat¢ Audrey JaEnes wbo had b¢en a mejnber of th¢ House. While this legacy has provi4Jea a welcome breathitig Sp¢, the CODunitte¢ remaiDefj CQD¢emLxi that TTf-y¢ar could not bal8nc¢ given accelerdtiug costs 8nd stattc income. The Executive cornlttee therefoTe co)rtinued to review the forward with help frolll ¢xterna] eonsllitaDts. It had been atfiCipated that the strategic reeW woutd be eompl¢teJ by the titne of WTittng this 8miuAI teport and the re5knt platt would bave bren nearing publicioL &tettably. this b&$ not beeD tK)ssible for various Jyasons beyond the co]ttrol of the comTllirt¢e. HowET. the neF Chair: Folly SEt)ter, h&8 project and it is MOV fonvard once D¢. It is expe¢t¢d rbat a plan foT th¢ future wilt be pubiithl towths the etml of the year. Polly Senter beCall CIMit in Novemlxr 2023 following Heather Hicks. de¢ision 10 5taDd havin8 coJDplcted l6 yest5 in the Tole utttil her dewdrtstre at the cOncls1o of the AGM in Allgust 2023. Heather was SCeed¢d t{ a very brief period by JoanTra Crook who was apw>inted dtthe 2023 AGM; the resigned ill October2023. At th¢ skn of the year. Jolm PigolL a very long-stsrHITfig mejllbet of th¢ ExwuÉiYe C0mIttee, Treasurer for ma of hi5 yeurs of s¢ryice, det¢rmill it titne for bim to leave His dedieation to the Hous¢ acknowledged at the AGM a5 was that of Tr[eath Hi¢ks 8t both were presertted gifL8 to r0glse how much tbey had contributed to the deyelopment of the Hous¢ and li work. Sue Wlsh¢rjoIed the COmrnTttee towards the end of th¢ y¢ar' her wisdom andkDowl¢dge of tht H¢ba}e belcObY COM colleagues. A key issue dealt by the conttDitt¢e concerned the efficiency of the House in rELtiioD to ellergy and the asgoc5aied energy ¢osts. Polly has tsken the lead OD this issu£ and has engaged help fron Ovesco to aSS bow it might poss)Trile to eliminate thaugbts, ]Daintsin a attd comfortable ellviromneDt for our membeJ3 and our te SinttaneOuSlYfethlCing our energy ¢osl& The rnajor activtties of the House Mntinued tlyough the year. ThaDkg kn the skill aTLd ¢ommitin¢nt of KeidL Sopbie and Ra¢bel, exceUeDt ILom¢-cwked 1CheS wer< sern'ed to about 150 people eacb week throughoth th¢ WiDtcr moDths. Established acuvities the Ext erCISe ukll]ele le&s0s. the trdft group and the choiy flokd. Qi GonB cothiaued throDgh to February. A llew balance Cl was 48[lth¢ aTtLmm atjd tinued until May2024 wbil¢ a bereav<¢ grow was established ID Febwary 2024. Rosie Taylor ¢n2bled the Hou5t to parhcip&E in the Heritage Ot£n Dlys established irt the tOWD d1]8 Stpknnber. She and colleagues offered afternfy)n aml 5b¢ rrted a hisbty inforallYe display outlining the intriguillg history of the Hotsse. Rosie also epabled th¢ Hou8¢ to part in Wildfiower tKWES with the witmhm boxeg prowiding beautiful display5 whose pJ2Dts have survived the wirter atKI CODlinu¢ m bloollL As the year etsd w¢ Tvere ple¢dID WnOUDcethe wryletion of thereelop0Ot of the reat gard¢n the Hous¢. project led by Rosie and Su Balcoth throughout thc past twelve ULonths. It w48 Jnade po&sible by ib¢ legacy from A]]drey JaTne5 and h28 a very attractivt place for Memb¢ to elljoy the fresh air atLd the beautiful pl&t). For thost iDler¢st¢din gardeni the more acce&sible plant beds will allow theJD toplay a directrol¢ in the dev¢lopment and rnaillteDaTe of ihc 9£ forthe It has be¢L a ¢ballenging ycar ill ]LOny ways blrt wc made Progre and the and Ibe trnstee5 bavt been wellpSUPPOrted by Alex S&hnoJL our reLIkn"vety re£Ethly- app)inted part4ime Mwr. Sbe has played her port all th¢ actiYitie$ noredhe alld h&s introduced a regular N¢w51Etter tt)kc£p mE]llb¢t¥ aware of ailthat is going on atthe Hou5¢. The trustees offtr thEir sinwe thank5 to the stsffj the c4)mmitt¢e mernFffj and all the Voluntee without whom th¢ HDuse would ju8tnot exisL Page 2
LEWES HOUSE OF FRIEFIDSHIP FORMERLY KNOWN AS ACE CONCERN LEWES REPORT OF THE TRUSTEES FOR THE ITAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Financial p05itton The Trustecs note that ollgoiDg 0]ng for th¢ y[ w05 £127,IK2 and that ¢x)dItre w&s £142,163. The deftcit for on80itt8 0[tIonS w&s therefvre £15,001 forl1 year. of over £20.IKIO on tbe previous year. This dec£ Wa due to certaio exceptional ClrwnsranS which 8re unlikety to be repe&a, 8Dd in future years the deficit is lTri ety toretllrn to a pr¢dicted level of £28.000 to £38,(KK) Feryear. One Teason for the reduetion itt deficit was the fact that Emploim)ent Allowance llot been ¢189d for the yRa15 2021, 2022 and 2023. Emploirynent AlloMCe is available to smajl organisations wFd reduc the all)out]t of Nional IDsurallc¢ cOlltrÈbO5 thfj orwisation pays behalf of its en]ploytts. The totsl amowrt tec1aittj for the rni&sing yeaTS exceeded £10,000 iti with over £7,0(K) credited to the 223124 acciTrullts. With the refivtiithed Flat4 ID fi]11 op¢yion Retttal income Tncreased to oyer £32.(M)O for the year whilst ag¢nt fees havE reD)aiued kn siati¢ aver the last live years due to &Kcellent Degotiahon by Alex Sa]moa. 1kn effects of Covid are at last Wdtiittg ana Room Hire COn bas Si4Difieathly rebounded iTnproviTJE to ,0(M) for the year am incr¢a&e of 65D/o over the pr7(5 yfdr a[ wellalx)veth¢ Itvels pn to the p8ndemi£. With the increase in meal cbarw caterjllgioMe has improved lIst the statTbavek¢pt Clo8¢ control oyer tkn gery cost5 k¢eping them at a sirnilar level to the PTewious yw. Building a]Hranre tell)$ a substsrtial exp¢DK WakT ill the dinÈn8 r(M the builditig of an offtce for Alox ané the repla¢¢meJJt of a fre¢z¢r being th¢Trajor t¢]5 thi%yEar. Fortun&¢ly Flat Mainte[l ha5 be¢n for the year. utility COS espEcialty the electric heaTin& substantially increased in the financial vear but a new contr8Ct for th¢ next three years has b¢eu Degotiated from Jut). 2024 ot a saviDg of 40% oyerthe currt d&iL Doe to the cloSE of fjve bank branche5 in IaS irKMding HSBC (whi¢b Iwdi¢d cash and chequrs on behalf of our Charities Aid FoUddI10 current account) the House tspen an £OllDt 1th Lloyds to enabl¢ Ib¢ paJin8 D£ cash, CAF Bank having arranged for th¢ Post Office to accw the trediting of cheques. Reoitty CAF have a¢¢1 wid) th¢ Post Office Éo credit cash as well, w our Lloyd5 aCcol is no longer rw]ir Th¢ Lloydg accoutLt be )TrailltsiDed foy i pertTrlI we are ¢4mfident that th¢ Office amgen5 ar lbI IÉ tt> our moti¢¢ that f(K reason the Annoal Retx)rt foT the i£wes HOSe of Friendship for 2022 had bec rna¢d as quaEifi¢d on the Charity COMMI website. This bad T4sulkd ID a ]LUUtber of reje¢tions wt appli¢ati¢)ns had been applied for. No cxplall*ion wuld be fout¥l for this qualification of the 2022 &ccoullts and fi has ow been rectified ott the Charity commi)0 bsite should avoid dtLy furthw 8T app]icaÈion reiectiODS. Our illvcstmejts ColulnbiaThrtadc were left uotouched duriug thÈyear 8nd wer¢ ¥alueJ at 2,658 in March 2024. The legacy fromthe latt Ap(bw JaDJes was Trested in higll intrresi savingspwourts Trith a twmber of orgalSOn$ vi aplatforni n]ll by nagstone. Tr 8ver8ge tate of interest after ¢harges bas amowited to just ov¢r4.l0. Th¢ clty ended the Y(gr]Y18 forward a tal of £677.022.
LKWES HOUSE OFFR]ELsHtP FORMERLY KNOWN ASACE CONCERN LEWES REPORT OF THE TRiISTEES FOR THE YEAR ELYDED 31 MARCH 21124 FINANCIAL REVtEw Investment policy and objectiYe5 Tbe trustees coSId¢r th rash should be mainlain¢d * a l¢Nrl ofc£15,0(K> irt an ¢4sy a¢¢ account to eover Te8ular ¢xpendir< tnode5t Capital Proje and UDfor¢seen ewntial repairs to the fab]i¢ of the House. Funds in excess of this are avail&ble for investsnenL With the uncertainty PTpvailing in the stsKk rnatet at pre5enL it has been decided to leave the Columt)i8 Threae illvestmejts DDch8Dged as they are cwrelldy ittvtsted in long te stoCkrnatI fimdg. For the rE]DainÈllg fuud5, thE decision I) rthJ¢ io invett thenj Tn high int¢re5t accounts until greater sthiIity reths to the market. This was regajtsd as the best option when the low returns from a d¢posit account aDd th¢ long-terrn aim of aehie¥tng higher via lh¢ stk et were o)msidered The fvods will be spjit Several FSCS PTOtected PTovidet5 Ovtr periods of time ranging from 3 nk)tKhs to 3 years. This 8ppro&cb will help the charity" euDd the predtcted all[al loss of £35.000 onrnutille ol0& atrjgivtr easy acw to fimds when reqllired. This inve8tmem approach will be7EvieWl li1c81]Y. polffi The trwtees rematn ¢onfident that Ihe fmancial TlI10n of cbatity fCEDaiDs 50UDd tskillg &¢count of recgttt and anticipHte(t uoJc¢rtaintle5. ThE chatitys invllents would rDabie the charity to dI%hge its TeyllsJThilttLe5 for at Le five years eve iti tbè unlik&ly event of a serious decline ID in¢. However, beyond fiv¢ yffdr4 the outlook i5 ore UDpred&ctable makngplallDiDgnxYre five yew3 ahead vthy éiffiaj FUTURE PLANS The major focus for the comtllg y¢ar wiu be the Strdtegrc Review and the pub]icatiOD of the plaD for tbe fim]re of thE House. Fin¢77 solveney will cthJtiDue to be an iD4X)rt2nt driver of thinking aTHI &tion. The energy effi¢i¢ll¢y prfjj¢ct wi]] bigh on th¢ ag¢nda aDd involve mlMlesÉ building alterations. This is likely to be quite an expensive aTLd complex Exoject &s aresuttof th¢lleed fw extertMI approval given the House is located a cons¢rv&tiOn Ea. STRUCTURE. GOVERNANCE AND hlANAGEMENT Governing document LNes House of FrÈelldship i5 a Charit8ble I)rated OrgaDisation (CIO) rwsrerea OJL 3 Septernber 2014 and is govemed in awordancc with C1[ty Conmiission's lluxlel constitsJtion for AsS(KI]09. It took overthe asgets aod activittes of the fomitr char5ty gitAl ttumbtr2¢Y1310. The tnain decisE0rmIL1Dg Fx)dy the Exe<tiVe ConJmitt* comwised tkè tlwee (ntsree8 pkns four other mernbeJ5. The OU]llLitiet on sev¢n occasio[ duriDg2023f24. Th¢ JOr thision&tskenbythe committee dllriDg the year weTe th¢ agreenL¢nt to redevelop the r¢argarde the illY¢sltllrnt ola Significtle8aCy. alld thE appoititm¢nt of a Cbar. Tht Allnual GeneTrJ M¢%ring Wds ld on 10 ALEg4LSt 2023. Ri$k rnan#geme&t HaVig Come tbrough the p8ndettiiC JKtiod with a heiglmened awaren% of the PDtattial for risk- financial personal - the trustee5 aTe confidEm that ils 17¢1¢$ and osteD]s of JrkNxtsng aT¢ in go(Ml or¢kr aDd that appropriate iD5Lrnce5 are in platt tornitigate Wteal ti5L REFERENCE AND ADMINISTRATIVE DETAILS Regisiered Charity number 1158437 Princiwal addre55 Lewe5 Hous¢ Of Fri¢Ldsbip 208 High Str&t BN7 2NS
LEWES RIENtK8HTP FORhtERLY KNOWN AS ACE CONCERN LRWES REPORT OF TEES FOR THE YEAR EL¥DED 31 MARC Tmte H Hirks {re5iglled 13.823) C Moon HOM S N Stott Htsn TreLsur J Cycx)k {apw)itrted 13.823) (resigned 17.1023) P Sent¢r{Chair) ts b¢ fornwty atv)intd atAGM (ap]ted 13.1123) CbristopherRobert TylerFCA DCILA FCIE FI CRT L]ited Flat 24 W¢17ingtonia Collrt LaiDe Close Brighton BNI 6TD SolTrcltorg 3 BellL0ne East Sussex BN7 IJU Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West MaUiDg K¢nt ME194JQ STATEMENTOF TRUSIEES, RESPONSIBltlnES The tsust¢e5 responsU)le for prepaTiDg the Rert of the Trnstees and the finm¢i&t ststements Tn accotdance with applicable law UDit¢dKingdorn AOUtllg Ststthds (UnitedKin8domGenoaJIy Accepted Accounting Practice). The Jaw applieable to ¢lJaritia8 in Ellalld and WaJ4 the Charities Acl 2011. ChaTity (A¢¢ounrs a] Rel$) Regulations 2008 and the tjrnyisions of the tnlst dJ requires the $t¢¢3 to prepare fanciaL Statements for wh rinanctal year wbith give a true and fair of the statr of affairs of charity and ofthe ill¢oming resource5 and ayplication of Su[co including the itKOllLe and exp¢ndiftu4 of tbe cbarity for thar perio& ID preJ)8Ting those f&tIal Statents, the trusrtts ate required tsy - Kle¢t suitable a)118 w]ici&% aDdth¢n 8ppty tkn consistently. ob5eTh¢ th¢ methods andwinciplc5 itLthe Charity SORP. rn8k6 judgements ond estimat¢5 that arr Senabl¢ and pnthnt. state %thether 8pplicabl¢ a¢¢ounttng standard5 hav¢ follow subject to any lloterial depart dis¢loged alld &ITlailled itLth¢ fv)ancial ststem prq)are th¢ finCial e]nellts on the Boing concern b&8tS Unless 1¢ is inappropriate to pr¢surne tbat th¢ ¢harity will contillut busiDes$. The tntstees are responsiThl¢ for ke¢ping propu arcuuDting tr¢ords Mthich disc105¢ Twonable accurdcy at ally tillLe the position of the chaTity and to enable them to ensure t1¢ the financial statements comply with the Charities Act 2011. the ChJrty (Ac¢outtts 8nd Re[) Regulations 2008 and Ibe pro¥isioTrs of the ttU5t deed They ar¢ also re5POD5ibl¢ for safeguwaimg tbe a&sets of th¢ ch8riry 8nd hence for tskiog re•s(ble steps foT the pretiJ) d¢¢liOn of fraud and other illEgu]arities. Page 5
LBWES HOUSE OF FRSENDSHiP FORMERL WN AS AGE CONCERN LEWES REPORT OF THE TEES FOR THE YEAR EfqDED 31 MARCH 2024 Approved by ord (Trfthe tward of trustees .... ..._ sigftedon its behalf ty. ee Pag¢ 6
NDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESO IEWES HOUSE OF FRIENDSTItp llldeppndellt alet'S rtport to the trn5ttts of Iwes House ofFrieDd5hip I reprft to the ¢barty trusfeu on Thy examination of the LKwes House ofFriend5bJp (th¢ TTUSt) forthc yeaT ended 31 March 2024. Bupon$iknilities and basi5 ofreport As the chaTtty tru5te¢s of the Trust Y rE5tx)JksJbl¢ frff the preparation of the xcoullts in accoriknce with the requ2[eM of th¢ Charitits Act2011 (the Acv). J rwrt ill respect of ¢xamintholl of lh¢ Tn]5Vs ac£ollnts carrd out uth SectiOTL 145 of th¢ Acr aJ)d irl CaLI)qDg out my e%aTllTnation I h&Ye followed all applicl)le DIrtionS given by the Cbarity under Scctiott 145(5Xb) of Ttsd¢p¢ndettt exarninerfs statement I hav¢ compled my e%arniDatioL I CODfrtll that waterial Thtt¢rs Lxxlle to my attenlioll ill comection the examiDation giviDg me Cause to believe that ttt ally atr[la1 rtSPEft: accouming reCordsWe kept in respect oftho Trjuas Twiftxl by Slxlion 130 ofthe Ac¢ 01 the attoNnts do not ac£ with tkn8e record8" or the ac£ffl]nts do not coD]pLy with the applicable reqlli ConccTh1lle forni and c4X)tert of acctsurnts set out in the Ch8Titi¢s <AccoutLts and Rewns) R¢gu]Jtions 2008 other than atty trquitYmeDt that the accouDts giY¢ a true ad fair view which is not a mawf4)nsideJrd &$ partof an InderdentexaIll. I hav¢ no eonwns 8t have corne acr05S ELO Othv tnatt¢rs in connectioll wilh th¢ exatDiDation to which attention should be drawn Tr this r¢port ffl 0CrI0 able a prnper uThl¢twndin8 of accounts to b¢re&¢he Chri5tophrrRob¢n Tyler FCADCbA FCIE FI CRTLitDited Flat 24 W¢Jlinstonta Court LaitLC CIO Bri.tshton East Su&5ex BNI 6TD Pag¢ 7
LESVES HOUSE OF FORtERLy I<NOWN AS AGE CONCERN LEWES STA F FtNAhCIAL ACTIVITIES R THE YEAR ENDED 31 MARCH 2024 2024 Totsl fimds 2023 Toral fimds U1Cted Resknetrd fimd tkillations atLd IE8aci¢s 4.574 4.574 561298 Ch8ritable activitits 88.947 88,947 67,231 Inv&stment in¢ 33,641 33,641 30.294 Tot81 127.162 127.162 658,823 EXPENDrfuRE ON Raisrng fidS Charit#bl¢ a¢tivitl¢s cat¢[]]Welfa attd ac¢iviti&s Support ¢4)sts 139.643 636 140279 135.663 780 Total 141.527 036 142.163 136.443 Net gain00$58S} on investsna 10,038 10,038 (4.888) NET INCOMEI(EXPENDrruRE) {4,327) (636) 14.963) 517,492 REcoNCALiATION OFFUNDS Total fimds brOt fonvard 681J49 1&452 699,801 182,309 TOTAL FUDIDS CARRIED FORWARD 677.022 17,816 694.838 699,801
IEWES HOUSE OF FRIEhl)SlllP FOR1ERLy KNOWN AS ACE CONCERN LEWES BALANCE SHEET 31 TrIARCH2024 2024 2023 Total fun(b Notes D AETs Tangible & 12 13 10.825 81658 17.816 28,641 82.658 30.758 72,620 93,483 17.816 111299 103.378 CUIIIIENf ASSETS Srocks Debtors Cath at b8ukalld itEhaDd 14 15 4(Y) 2$ $80 5&).423 400 242.954 356,698 25,880 s.423 586,703 586.703 6,052 CREDITOKS AThounts falling duewithiD oue year 16 (3,1fy1) (3,164) (3.629) ET CURRENT ASSETS 583531J 583,539 596,423 LIABILYrtES 677,022 17,816 694,838 699.8DI riET ASSETS 677,or2 17016 694,838 699,801 17 Unrestrided fu Restricted fimd% 677.022 17.816 681.349 18,452 TOTAL FUNDS 694,838 699,801 Th¢ financial straternrt8 were approv1 by thr B(wd of Trne5 aDd autIrised for IUe .. alld were sigDed on its h81fbY'. I s oLy2ciZ¢ Page 9
E OF FRTENDSHIP FORMERLY KNOWN AS AGE CONCERN LEWTS R THE YEAR ENDED 31 MARCH2•24 2D24 2Q23 Notes Cash Ilows from operntlDg #ctlvltks Cash tsen¢rated from operatiotjs 201510 282.211 Nctcash proyided byopffitiDgactiviti¢s 202,510 282211 Cash flows investing 8etsvttiE5 Sale of fixedassel itw¢mnu*s Interest received 35,758 1215 Netcash PTowded by inNwtyng a¢livities 1215 35.867 Change In easb £8gh eqwiv8kots" the reiwrtyng period Cash and cash equtyalcnts atthe b¢ginning of the Tepbrting peri(Kl 203.725 318,078 356,698 38,620 Cash eAsh e4ulvaknts at tht end or the reportillE peRiod 5(rf),423 356.698 The kn fom p&tof these fancIal staiem¢nts 10
LEWES HOUS£ OF EPslI[p FORMERLY ia¥owN AS AGE CON WE NIYt£S T HE YEAR ENDED 31 21124 RECONCILIATION OF NET (EXPENDrr1JRE1CoME TO NET CASH FLOW FROM OPEIL4TING AcfIviTILS 2024 2023 F4et (ewdituY¢c•rne for the repwtlng perknd {ss pertht Ststement Df Fin#n¢i•l Activities) Adjusf¥DeDts for. DepreciatLtsD eharges (Gaillyloss on InStIlleDts Vnterestrecei¥ed Decr¢asel{itLcrt) itl drbb)Ts D¢¢reas¢ ill ¢rediti)TS (4.963) 517,492 2,1 17 (ro,038) (1,215) 217,074 (465) 2282 4,888 (109) (240,921} (1,421) Net cash provid¢d by opentlo 2(r2.510 2f2211 ANALYSIS OF CHANGES IN NET FUNDS At 1.423 C&4h flow At31.324 Net Cash atballk and iD 35fi698 203.725 560,423 203,725 560,423 356,698 203,725 560,423 fornpart of these fiDgla7 stataEents Pdg¢ll
LEWES HOUSE OF FRIENDSHIP FORMERLY KNOWN AS AGR CONCERN LEWKS FOR THE YEAR ENDED 31 MARCH 2024 AccouKfiNG POLICIES B88is of preparing th¢ fan¢11 5tsternellts The finacial statemtnts of the charity, which ts A public bemeftt et)tity under FRSI(11 have beeJL prepared tll ac(dall the Charibes SORP IFRS102) 'ACcontIng and Reporting by Cjjarities". Statetllent of Rrwll]m¢ndfyJ PrartI applicable to charities tffep8rm8 their acciyunts with the FinatLcial Re[lIng Standard applicablr in the UK and Rq)ublir of I7a[1d jFRS102} (¢ff¢rtiY¢ l January 2019),. Financi &trting Stsndard FRS102 Tb¢ FiDan¢ial StsM4ard applicable ID d)¢ UK and Republic of IrelaDd' alld the CIHrities Act 2011. The financial at&lents h&ve been psa UDd¢r historical cost conventioo. Th¢ ac£ounts are prep in Sterli which is the rurrellcy of th¢ ¢lwity. Monckny aEllOUDts th financial stHt£mcnts aTE rounded to th¢ Deat £. a going con£enL In<ome All incon is re¢ogni$ed ¢)n¢e the clwity ljas entleme to th¢ iDCQ(lle, it 15 probabk that the i11[¢ will i rec¢ived alld th£ alllou of illCD]llc rwYiv8ble can Ix measur¢d reliably. Lewo y giÉts are reco8nised OD a casE by knis followiog th¢ granlin8 of probate the admilli5tratOTlexe¢utor for the estate h&$ CQllllUUDicat¢d itL ltillg ljotb th¢ amourrt and settlement th. Jn the event that the gift is tn the fiw of asset other than cash or a fmanciaj awl traded a recogDiscd strKk exd]ange, recogniiion is subject to value of the being teliably measurable with a dee of nsotmble aCcraCyand the title toth¢ assrthavingbeen transfe4 to the chaTity. DoKations aTe rec4)gnised when the TSthaS Ixa) nott"fi¢d in writTng of both the and settle1¢t date. the event that a donation is sUtye to conditioos that reqlre a level of p¢rfonllaTL¢e before th¢ charity ethitled to the finds, the incorne is defr¢d aDd not rec4v until eitherthose ¢on4itioos are fioty met or the fvifJkn¢llt of th¢ ¢onditiofjs is wthollj withsn the c4)ntrol of the clwllty aDd it ig probable that those eonditiolls will be Ifilled ill th¢wortingperi(xL Interest on fi]]uJs held on deposiÉ i5 included when tweiwabl¢ aud the amOUDt ran k measured Etliably by the cbaJity; thi5 is norIllallyuOvrlonofthe iTLteresl paid orwable by the bank EndItUre All expenditure is iDGluded on 00 8¢cn41s bagk8 and is rec0glli Ivlknth¢re is a le8al or collstnwtive obligation to p4v for extDdttur¢. All ¢osts have d[rtlY attrnu to oue of the functiODa] catrgories of resource5 in the StatemEnl of Financial Activitie& The charity is not tEgtstered for VAT and aCr1n8fy exp¢ndinwe is Sho gros8 of VAT. Supp)rt costs all costs involving tr publK a¢¢ountsbilty of the charÉty aml its compliance with re8ul&ion g(KKI practice. These costs inc]ude costs Fe]8ted to the examblOn of th¢ awowits &ll the costsof conwlyillgAttd ¢onstittrtiond al ststutory requiremen Stotks Purclwed 5tock8 gjy vakned at the lower of wst and net rl$able vakne attt£ kIng due allowatK% for ooy obsolete OT slow-moving i¥ems. Taxatloth The charity is exernpt from t8x on its charitsblt activities. Fulld a¢¢ourttig Fd5C[d by th¢ Cbarity Jre:_ Unrestricted geuenl fvnds. aTe fun& wbich ratL b¢ ud in accord&Dce with the charAtsble objects or tbe discretion of the Trt¢s. Page 12
LKWES HOUSE OF FRIEF4H[P RMERLV KNOWN AS ACE COYCERN Es NOTES TO THE FINANCIAL STATEM£NTS- eoRthIDed FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTINC POLICIES- 1¢1¢ aecountiDg Designated fimd5 . these are fi]jS scl a5Lde by the TtU5teC5 J1 of u)llrstiiIA for specific futwe Purpo or prOJets. Rttstrictcd fllds. tkse are thatcall olltyb¢ forptICular5tPryses within the ofyeets of the Charity. RcstrictiOll5 ar] 5Ec1fi by tb¢ dOr or wben fimds raised for particular restricted Ed0rneJtt FuD(ts - these fidS represeDt those which Tn1 be held pmaneot]y by the ¢h8rity. Ihwmo 8riSiD8 on the EJ07Ment fjmds used in acconknce with objeets of the c]wity aDd is iDcluded ttg Further &Ion of the Dabwe and kwoose of ea¢b fulld is in¢lu(kxl illthe Dotes ty th¢ Acuullts Depre¢iitwn The costs of tang]ble rikLaSSets is writrUOff over their e£onomic ]iv¥s as bllows:_ FTeehold Builditigs 2YD straight line b&sis All assets wsting Tnore than £500 (apitsidalld valued at hIsrical c05L RliS¢d nd ullYeallsEd galDS 1055£ All gaiD5 dlld losses are tsk io the sLatelln[ of FiDallcial Activities &$ they Srise. Reali5 g8ifis al09$eS on inYe51rnent5 ate drulated a5 th¢ th"ff¢rence bets¥eeD 5ate5 proceed5 alld their opening catrylng value or their PUTcb8se value if acqutred subsequeDt to th¢ first ¢hy of the filciat y¢ar. Unr¢21ised aud loss¢s are calculated &8 the differen¢¢ betwtn the fair value at the year end artd th¢it carrving value. &eaii5Ed and areajised &vestMe ins losses are cortthioul in the Ststement of Fit)8n¢ial Activits£8. Flxed Asset Investments ]ttvesttneDts are a fomi of b&8ic fiDaneial ins(nJmeni aDd a in1rilY wwwised at their 1rn1sa¢tion value alld subsequellkiyllLta5ured at their fairvalue &s at the bat8nce sheet d using tb¢ ¢losing quoted priee. The stat¢ment of fiDallcla] activities includes the net gdiD5 alld lo arising the revaluation and disposals tbroughovt The TTstdOe5 not wire pul Optio IterivatiYe5 or0t1CpICx frIaCIal instruments. TheTr1 forni of fillanCIriSk fa¢ed tyth¢ Clty]S that of volatility in equty markets #nd iT)Yes(meDt tnatets due to ider wonomic co1ill01, the attitth of investoEs ts itivestnKTri tts( and cbattges in sentinjenl Concerning wiu¢s and Mqthin particular 01 sub sectors. DONATtONS AND LECACITrS 2ff24 2023 Donations gifts Legacie5 1388 2>86 1298 560,000 4,574 561298 continlle4L..
LEWKS HOUSE OF FRIENDSHIP RhIERLY KNOSVNAS A NCERN LEWES F40TES TO THE FINANCIAL STATEMENTS- e0nt1thtd FOR THE ENDED 31 MARCH 21124 tM)NATIONS AND LEGACIES- cDntinued Grants rweiv4 incl in tbe alxbve. ar6 as folloTrs: 2024 2023 L6w¢s co11 600 INVESTME1 COmE 2024 Rents received Deposit a¢courrt int¢re5t 32.426 .215 30,185 109 33,641 30.294 INCOME FROM CHARtTABLK AcnvrfIES 2024 2023 Activity Cat¢rin&welfare and xttvib£s Caterillswe]fare and a¢ttvFti¢s Cat]faTe a[ xtivities 51.130 30263 7,554 47.623 19,608 Welfatt dnd activities Empltsymeffl allowaJKe 88,947 67,231 RAISING FUNDS Raising donation5 amd kga¢i¢s 2024 2023 knvestnient broketsfees 984 Costs (5 note 71 ¢osts (see note 8) Totals c8tertn&Welf olld a¢tiviti&s 140.279 140279 900 J40279 9( 141,179 Pw14 ontinutd...
LEWÈS HOUSE OF FRIEiW FORMERLV KNOWN AS AGE CONCERN LEWES TO THE FINANCIAL STATEMELYTS- eontinueJ FOR TH£ YEAR £ND AR 21124 DIREcf COST& OF CHARITAB[ AcfIviTIES 224 2023 Cotering We]fare alld aetivities 18,675 2,892 582 2.053 14250 5,797 9,699 2,185 2.829 544 17,712 .6l5 530 1,941 26213 1,405 5,875 1,849 3,096 289 594 534 Buildiog and equipm¢Dt nmTnt¢nance CleAlliDg Ligbt eDd Letting agents fres Bth chat Prtrttin&p)stsge station¢ry Telepbone Computer cosrs Sllndrie5 Staff co 581 381 1576 74,127" 2.117 2,638 66,670 2,282 140279 135,663 SUPPORT COSTS Supportcosts Supwt C05ts. inclLLded itlthe abovE areas folio 2024 SuptM)tt costs 2023 Total tivities Tndependobt examiners fees 900 780 TRUSTEES. REMUNERATtON Af4D BEiwlls There re )Jo tsijstew, r¢rnl0ll or ottw IKllefits loi th¢ ye¥ e•dl 31 Mah 2024 for the year ended 31 March 2023. There were no trte$, expenses pAid for tbe year ¢niU3 1 March 21124 Dor forth¢ yw ended 31 March 2023. Page 15
LEWES HOU F FREEThDSHtp FOR.HERLY KNOWN AS AGE CON NOTES TO THE FINANCIAL STATtMEpifs- continued FOR THE ENDED 31 MARCH 2024 io. STAFF COSTS Staff crots durÉng tht year w£ as foll(yw5." 2024 Gross pay Ejnploym natirA)ai inSUT Penwon costs 69.417 4.710 62J66 4304 74.127 The aY¢ragr Jvjtllber of ¢mployees year 4 Q fvll tin eqDivale4Jt) 12022 . 4 (2 time equivoltht)) exc]udit)g the dirtttor&n]5M. dlAng the year. II. COMPARATtVES FOR THE STATEMEKfoF FINANCLIL AcfiviTIES 2(U3 Total td fid INCOME APM ENDOWMEf4TS FROM Donatiolls aud l¢gau"es 561298 561298 Charlt8ble attivities CaterIe]farc andatlivAb£s 67.1 67231 Inv¢sttuent illcom¢ 30294 30294 Total 658.823 658,823 EXPENDrruRE ON Charitabjc aetivitles Cdterill&M'¢lfare and activities Costs 135.027 636 780 Totsl 135.807 636 136,443 Net gain(105? on lnvcslCllts (4,888) {4.888) NET tNCOMEI(EXPENDTfuREI 518.128 (636) 517,492 REC0Tr4CILIATION OF FIJNDS Tothl funds brougbt foTward 163.22] 19,088 182J09 TAL FUNDS CARRIED FORWARD 68lJ49 1 8.452 699,801 Pa8e 16 cotthu¢d..
HOUSE OF FRtENT) r4 ASACE FO N LEWES NOTES TO THE FINANCIAL STATEMEP4T FOR THE YEAR E14DKD 31 IMARCH 21r24 TAT4CIBLE FIXED A&SETS FiKtW¢S reehoid Totsls COST Al l ApJil 2023 31 Marcb 2D24 31.808 41,755 73.563 DEPRECIATION At l Aptil 1023 ChaTge for year . 15,867 636 20,938 1,481 42,805 2.117 At 31 Marth 2024 16JO? 28,419 44,922 NET B(K)K VALVE At 31 March 2024 15.305 13.336 28,641 At31 Mar£h2023 15,941 14,817 30.758 Lsted MARKET VALUE At l April 2023 REvaluatAons 72,620 10,038 At 31 March 2024 82.658 r4ET B(K)K VALUE At 31 Matrb 2024 &2,658 At 31 March 2023 72,620 C•st orvaluation at 3 1 hd8rth2024 is ]HJresented by.. Listed investments Valuation itt2Q24 82,658 P88e 17
IIWES HOUSE OF FRIENDSHIP FORMBRLY KNO4 AS NCERN NOTES TO TH[ FINATriCIAL STATEMENTS. R THEY D 31 MARCH 2024 14. STOCKS 2024 2023 400 400 I& DEBTORS: AM0([s FALLING DUE wrrHtN ONE YKAR 2024 2023 Cat¢rtng 8tsd other debtOTS IKgacy rrr*ivabl¢ 2.917 22,586 377 2,558 240.000 396 25,880 242954 I& CREDITOIIS: Amoinyrs FALLING DUE IvrrHtN OI¥E 2ff24 2(Y23 Ta%atAollthJd swa] se 3,164 1,239 3.164 3,629 17. MOVEMENT IN Fuf4DS Net movement in fimds At 313.24 At 1.423 Unre51rictEd fu•ds General fund 681,349 (4,327) 67722 Rricted fllnds Endowynent fisnd 14452 (636) 17,816 699,801 (4.963) 694.838 Netve1nert IT) fLmd& in the above ate a5 follows: Incomitig Rwurces Gains and loss¢s Movement iu fun4s Unrestrleied fulld$ GelleAI fjmd 127.162 (141.527) 10,038 (4,327) Restrict¢d fllnds Endowment fund {636) (636) TOTAL FUNDS 127.162 (141163) 10,038 (4,963) Page 18 rtsDtinued...
LEWES HOUSE OF FRIENDSHtp OWN AS AGE CON EW NOTES TO THE FTNANCIAL STATEMEf*TS- R YEAR ENDED 31 MARCH Illl4 17. MOVEMENT IN FUNtXS- ntInUed ComparaliveJ for rnovement in funds N¢t movement in futjds At 1.4.22 31.323 Uorts¢rl¢twl G¢ner81 fimd 163221 518,128 681.349 R¢stiirted ElldowThellt fund 19,088 (636) 18,452 182.309 517,492 699,801 Co]oi>arativ¢ net Tncluded iD the above¥¢ &5 follow5: GaiDs and losses Mow¢meDt in fiD)ds Unrestricte41 General fimd 658.823 (135,807) (4.858) 518,128 Restrl¢i¢d fuDd Endowment fi)k (636) (630 TOTAL FUNDS 658,823 (136.443) (4.888) 517,492 Tb¢ EndothTrent fjJMI T¢prestnts those assets must be held prncDtly by the Clty.in this case th frcchold properry. I& RELATED PARTY DISCAA)SURES Page 19