REGISTERED CHARITY IWMBER: 1158437 CHARITY COMMISSION RT OF THE TRUSTEES ATr4 NAU TED FIN Nc TATE THE YE ENDE H20 FO WESH KNOW SEOF ASAG TEND ONC Ip NLE FI CRT Lirnited Ft 24 Wellingtonia Court L4ille Close Brigbton East Sussex BNI 6TD
LEWES HOUSE OF FRIENDSHJP FORMERLY KNOWN AS AGE CONCERN LEWES CONTENTS OF THE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 31 CH 2025 Page Report of the Truste0& I to 7 Indcpendent Examiner's Report Statement of FIDan¢ial Actlvllks Balance Sheet io Cash Flow Statemellt Notes to the Cash Flow St2temeDt 12 Notes to Ihe Fkna*eial Stslements 13 to 21
LEMTS HOUSE OF FRIENDSHIP FORMERLY KNOWN AS ACE CONCERN LEWES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The truste&s present their repirt with the fman¢ial statements of tbe charity foT the year ended 31 March 2025. The trSteeS have adopted the provisions of Accounting and RerAKtiDg by Charities: Statement of Recommended Practice applicable to charities preparing their aecounts in accordance with thc Financiaj Rq)ortitig Standard Applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AF4D ACTIVITIES Objectl¥e5 and aims Lewes House of Fri¢N]ship exists to pronK)te the wellIng of old¢r pe4)ple in aDy n)anD whi¢h now is or hereafter llY be de¢med by law to b¢ charilable in and around L4wes. The staff and vohmteers supported these objeuives ding ttke year by continuing to encourye participation in activltieg held in the House itself and by CODtinuing tbe lunch d¢livy serii¢e to members, homes wh¢n reqU¢d.. Publle bene(It Lewes Hous¢ of Friendship exists to support the older members of the comthuDity of Lewe5 and its surrounding vllla8es and small towms. Its activities are designed solely to Ixnefit its members, the publi¢ from which its memb¢TS are drawn, and the community ID wbi¢h it is located. Pagc I
LEms FtOUSE OF FRIENDSHtp FORMERLY KNOWN AS AGE CONCERN LEWES REPORT OF THE TRusfEES FOR THF, YEIIR ENDED 31 MARCH 2025 ACHtEVEMENf AI4D PERFORMANCE Charitable activities Overview and Background This year has been full of challenges- some positive and motivatin& others n)or¢ obviousty denmnding and colDured by f¢elings of sathi¢ss al lh¢ death of one of the key players in the success of the Ho. On tb¢ upside. we have put in pla¢¢ soll of th¢ recommendations from th¢ SITalW Review r¢garding our aims and activiti¢s foT th¢ fi]ture. By rontrasL the legacy of the pandemic and its afternJath have pose cljallenges. Fioan¢ial concern5 have dominat¢d rnu¢h of our thinkin We coped with the Covid 19 wisis as well as was possil)le and emerged from its limitions believing we might retLml to the old ways of workin& Regrettably, we still have a largve part of the membership stNggliDg to overcome fear of goillg out LuDching at the House and iaking part in its various activities seem no longer to hold their thrmer appeal and numbeTS bave declined mark¢dty. This is ar the core of the fillancia] challeDg¢ we have fad. The Strategic Review. established to help us fixme our fjAure ObJrIVes, gained momenlum early ID the year when an ¥¥ternaJ ageocy presented its research report This contained interesting observations about lh¢ way tbe Hous¢ 1$ per¢eived locally and excellent iDsighls into ways in which we might develop for the future, By the close of the year, a range of actions had been initiated to enable a r¢laun¢h of the House which we hope njay lead to a 0wing membership and a wider range of aclivity - all without upserting tbe eablISh and appre¢iated ways of working. The rev8Tnp ot the gardcn wilh new planting completed thanks to the Audrey James, legacy. Tbe garden was opened formally by the Mayor of Lewes. Councillor Imo8en Mak¢pe, on 5 July 2024 apd has yielded a splendid outdoor area for members to ¢DjOy wben weather pernLts. A time capsule was buried in the gaTderL Tragically. just before Chriskna5, one of our dearest Colleagues died suddthty. Keith StenDing had worked qs th¢ Cook in cbarge of the kitchen for twelve years. Not only did he create excellent meals. but he was a key player In senerating the M'arni and welcotning atsnosphere that chararterised the House. His loss h&8 h&1 a profound imp&Gt Dn many. In particular, on Sophi¢ and RaGhel. his closest lleagueS, who have ral lied valiantly to maintain the luncb servico without him. bul alyo OD the volunteers and staff with Ththorn he Work closcty" 8nd on the members of the House who could always rety on a ch¢¢ry welcome from him and whose di¢tary preferences were imprinteAI on his memory. Keith w&8 8 sp¢¢iaL ¢oll¢aguc aDd friend and is very much rn1. Aehlevement and performanee The Executive Committee met on eight Or10nS during the ymr. Two speci nJeetin83 were held to provide time to reflect on the impact of Keith's death and the w7y in which we might cope with hi5 loss and tbe relv4uncbing of the House aDd its a¢liviti¢s. Rosie Taylor, one of the key volunteers leading tbe g8rden revamp> resi from the committee mid-H•y through the year having achieved her aims with the new desi and pl8ntin& Thexe has beeD a SilfiCant decline in the number of people taking lunch at the House and even those receivin¥ their lurt¢hes at bome have reduced io number. This 15 a concern for the Executive Cothmitte¢ since it r¢sultS ill an increase ill tbe subsidy iD¢urred for eacb meal oke Wbile the lunch service has never been expected to lyeak even, the cornrnitte¢ cannot allow the subsidy to grow an uncontrolled way. Neither can e%SiVelY high price iDcrea$es b¢ used to resolve the issue. SeTiOUS C4)nsideralion - possibty to introduce different types of fO0mea1 offerings - was initiated, aimillg to discover whether this might en¢our48e •er take-up and a lessenillg of the worrying subsidy. St is fortunate that the generous bequest noted las¢ yearfs rekrf can bridge the fancial gap wbile tbese nSiderationS continue. Establtshed activities - exeYcis¢ classes. ukulele clas8es, the craft group, and the ¢hoir - continued to attract r¢gular participaths. To ¢xiend the range of our a¢tiviti¢s and Jy)ssibty to Tage m¢mber4 n¢w initiatives were tried. Thanks go io Alex Sabnoffj who manw the House and all ihat happens th¢re, and to individual ¢ommttte¥ tlletnbers W]Mc ideas for change and d¢velopnKnt weTe invaluable. Yoga and Pila sessions were UP ond have proved w¢lcome aDd worthwhile.TheTapethtic hand massage sessions wer¢ ajso tri¢d. Page 2
LEWES HOUSE OF FRIKNDSHIP FORMERLY KNOWN AS ACE CONCEIiN LEWES REPORT OF THE TRUSTKLS FOR THE YEARENDED 31 MARCH 2D25 Inter-generational meetings btheen ¢hlldrell from a I( prrmary S01 and our members were set up with considerable succesg. R£cently. it Ilas iwi possible tr) extend the Inter-gene10nll wod£ by inviting babies and toddlers into the House with their parents to rnix with the mern1. It is too eaTly d¢finitive aboui th¢ impHct of this initiative. Links Thith the Jocal ind¢p¢nd¢nt cioetlla have enabled screenings to b¢ eslablished as part of the gll18r progranm]ing that are felt to better reflect the interests of older resid¢nts. This is qUTt¢ a difficult ar¢a given th¢ variety of tastes and opiniofts which inevitably exist ID ary defined age group. This m&y theT¢for¢ be seffl as an oppornity to show a range of films, CefullY monitor r¢actiODS and seek feedback and rOn}enonS for the future. A bereavement group was establisbed to recognise this iryrtant need for so many of the older SidentS of Lewes. After early Sessio ir was necessary to alter th¢ forn]at to better refleci the preferences of those affected. This more individual approach ID th¢ Bereavement Circle continues. As part of the "soft" relaunch - to promote the House in a livelier way - some modest red¢ratIOn end refurbishmettt was cariied out, a new logo was designed and a new website developed and inauguraied. Towards the end of the year, members of the Executive Con]mittee resolved to re-establisb a Closer relationship with Age UK East Sussex witb whom we were fornially and fomlerly affiliaied. w01ng iogether, the IntteS bolievg that we could tnak¢ bolder slrtdes forward in our ststed objective to promote the wcllbeing of older resldentg to hèlp them llke the best of later life and to provide a livelier and more relevant sourc6 of support and gocial engagement for tbem. This iniuative 1$ in its earliest siage but very mu¢h on the agenda for,the corning year. trnstees offer their sincere thanks to th¢ v0hteerS. the conllJ)ittee member& the staff an4 not leasL the meJnb¢rs who continue lo appreciate the ¢lTorts of all involved and make the House the place that it is. Page 3
LEWES HOUSE OF FRIEI¥DSHtp FORMERLY KNOWN AS AGE CONCERN LEWES REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 FTNANCIAL REVIEW Financial position The 1'rllstees nole that Ong operntiog income for the year was £162,628 and that expendith was £205,337. The deficit for ongoing operations was thereforc £42.7CH) for the y¢ar: an in¢&8¢ of over £24.0(M) OD the previous year. This in¢re&se was a to a level of deficit we would generally expert following the uousually small deficit in 2023124. Flat rental and room hir¢ have ¢tillu¢d to provide excellent incom¢ maintaiThing the levels a¢hieved in 2023124. Fewer meals were provided during tbe year but with increased charyes the anDual meal income Ims been maintsin<d. Close control continued with regard to grocery ¢harges resuhing ID a small reduclion ¢ompared to 2023124. Advantage was taken of a credit built up with HMRC due to the fact that w¢ did Dot ¢laim Enjployment AlloThTrnce in the y¢ars 2021, 2022 and 2023. Tjxe effect of this was to reth¢ our outgoin&s to HIARC by nearly £9,000 in 2024125. Building maintenance remains a substantial expense. Repairing the sash windows and dtshwa$lw repairs being the major ¢osts tbi$ year. Forwnatety Flat nintenance tt4naiDed low for the second year rnDnin&. Utility costy especially the electric heing, 8ubstantialty increa5 ill the financial year. llot belped by the fact that British G4 our $llpplier, failed to issue bills for six months. The siti)ation is Dow resolved but on-going clwges remain A final 3ettlem¢nt from th¢ legacy of Audrey Sames an additional sum of £22,585. tll tbes¢ uncertain times w¢ have h¢ld all of thc Icga¢y received from Audrey James in savings allnts maoaged by FlagtOn¢. Interest from thes¢ vingS accounts amounted to over £36.IXJO in 2024r25. Our investments wlth Columbia Threadneedle were left untouchcd during the year and were at £81,481 in March 2025. Dring 2024125 a DUTDber of projects were undertaken. In rccogDition of the Ivy from Audrey James a major garden project was compleled as a memorial to her generosity. As part of planning for the future it w&s decided to instigat¢ some market resoarcb. look Rt modemising our in]age and update our websitc. In totsl just over £52.000 wos gpent o thoso four projects. Th¢ unexpected shock of the passing of K¢ith Ste[lDg CTeated a nJajor challeDge to au the stsff and volunteers at the Lewes House of Friendship. In TecognitioD of Keith's contribution to the Lzwes House of Friendship it wag decided to pay an ex GTatia paymeDI to Adela Potteo to support durin¥ this diffi¢uh period The increased honr3 taken on by Racbel and Sophie to keep the house numin8 following the loss of Keith rnoant that they were now eligible to be placed ID a pensii)n scheme. A pension contract with the NEST hen of the D¢partn]ent of Work and PeDsioll3 was set up and both Ra¢hel and Sophie have been enrolled with the 8th¢me sill¢e February 2025. ¢harity end¢d tbe year carrying forward a total of £633,772. Page 4
LEWES HOUSE OF FIUKNDSH]P FORMERLY KNOWN AS AGE CONCERN LEWES I PORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCJAL REVIEW Investmenl poliey and objectives The trustees consider that casb sIuLd be maintaind at a level of ¢£15.(X)D in an e&8y account to cover regular expenditure, modest capiial projects and unforeseen essential repairs lo the fknic of Ihe House. Funds in excess of this arc available for inveglmeirt. With the uncertainty prevailing in the stock market at presen( it IM been decided to l¢ave the Columbia Threadn¢edle investyeots unclwiged as they cuTh¢mty inv¢5wd in long t¢rni sto¢k market f]ds. For tbe remaining fund& th¢ decision bas tttn made to invest them in high interest ac¢ouots uotil greater stability returns to the siock Drket. This was as th¢ best option when the low Tettuns from a d¢posjt arcount and tbe long-term aim of acbieving Wier r¢turns via the stock market were considered The fimds will b¢ split across severoj FSCS protected providers over periods of tin rangll from three lo six months. This approach will help the charity fLd the predi¢ted annual loss of £40,(KIO on routine operations aDd give easy ac¢¢ss to fuDds wbth requir¢d. This inveskn)¢nt approa¢h will be reviewed periodically. RegerVe$ polley The ttust¢¢s remain confident that the ¢UTYellt financial p)sition of th6 chwity remains sound taki]Jg account of re¢¢nt and anticipoted uncertainties. The charity's investrts would enable the charity to dis¢harge its re9ponsibiJlti¢s for at least five years even in the unlTri ely ¢vent of a serious decline in illcome. However, beyond five years, the outlook is tlloro unpr¢dicÉabl¢ tnaking planning tnore than five years ahead very difficult. VUTITRE PLANS The major focus for the coming year will be the establishing of a new relationship with Age UK East Sussex in order to nhance the capacity ofboth or8anisatllK to support the older wpulation of Ixwes to make the besl of l&frr lif¢. FuTtheT developTDents 8rising frorn the Strategi¢ Review will be irnpionrnled and fin3Dcial solvency will continu¢ to b¢ an importanl driver of thinkin8 action. sTRuCTIJR GOVERNANCE AND MANAGEMENT Coverning document Ltwes House of Friendship is a Cbaritable Tncorporated Organisation (CIO) re8[er 00 3 September 2014 and És govcrned in accordance with the Charity Collllni&sion's model cOtItUtion for Ass(xiations. It took ovpr the as8etg and adiviti¢s of tho foroKr cbarity registered number 207310. 'rbe m8iD decision-making body, the Executive Committee. comprised the trustees plus, currmlly. four Otber mett]bers. Tho cotnmittee met on eigt)t occasions during 2024f25. Th¢ major decislons taken by the comn]ittee during tho year We the iTrvestment of the significant legacy, a revisioD lo the objectyv¢s of the ¢harity. the intention to relaunch the cbarity following the Strat¢gic Review and the re4abIlthnl of closer workiDg with A8¢ UK East Sugsex. Th¢ Annval General Meeiiog was held on 22 August 2024. Rlsk nJanagem¢nt Tbe trustees remain Wofident ihat its policies and systems of reporting are in good order and that appropriate Insuranoes are in place to mitigate any potential risL To this end. a risk Tegister has been created which ideDtiSes the major areas of risk, theiT potential impact and the llKans employed ro mitigate their oCcUe and impact REFERENCE AND ADMINIRATIVE DETAILS Regi$tered Charfty Dpmber 1158437 Prinelpal Addre$8 Lewes Hous¢ Of Friendship 208 Hish Street L¢wes East Sussex BN7 2NS Pag¢ 5
LÉWES HOUSE OF FRIET%DSHtp FORIWERLY KNOWN AS ACE CONCERN LEWES REPORT OF THE TRusfEES FOR THE YEAR EIWED 31 MARCH 2025 Trustee5 C Moon Hon Secrtary N Scott Hon TrUrer P Senter Hon Chait Independent EXamier Christopher Robert Tyler FCA DChA FCtE FI CRT Limited Flat 24 WellingtODia Court Laine Close Brigbtorj bast Sussex BNI 6TD Sollcltor$ Mayo WyDDe B&xter 3 Bell Lane Lowes Èast Sussex BN7 IJU Banbrs CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Flagstone 1st Floor Clareville House 26-27 Oxendon Street London SWIY 4EL ST ATEMENT OF TRUSTEES, REsPONSIB[L]Es The trustees T¢sponslbl¢ for pr¢parin8 the Report of the TTUStEes aDd the finaDcial statements in cordance with applicable law and Uoited KIDgdotn AOuntIng Standards (Uniled KiDgdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the CbariEie5 Art 2011, Charity (Accounts and Reports) RpgulatlODS 2008 and th¢ PD)visions of th¢ tn]5t deed r¢quires the tru¢eS to prepare fmancial Statements for each fllwicial year which giv¢ a true and fair view of the state of affairs of ihe charity alld of th¢ incoming resour¢¢s and application of resour¢es, in¢ludiDg the income And expenditu of the ¢barity for that period In prepaying those financia] ststement5, th¢ trustees TequiLEd to select suitable a¢U011¥ policies and then apply them consient. obs¢rve the MethIS 8Dd prillciples ID the Clty SORP; make judgpements and estimaies that are reasonable and prudent" state wbetb¢r appli¢able ae¢ounting stsndards have been followe subject to any d¢t)artures dis¢losed and explained its the finaDcia] ststements. prepare the fin•)¢i statements on the going concern blS ullless il is inappropriate to presutn¢ that the charity will ¢OntIm itt business. Page 6
L£WES HOUSE OF FRIENDSHIP roRMERLY I<NOWN AS ACE CONCERN LEWFS REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 21125 STATEME14T OF TRUSTEESI RESPONSIBttirIES . Continued The th35tees are responsible for keeping prnw accounting records whicb discli)se with reosonable accuracy at ally time the financial position of the chartty to enable them to ensure that the financia] Statem comply with the ChaTities Act 201 l. the Charity (Accounts and Rep)rts) Regulations 2008 and the pmvisioDS of the tnt deed. They are ajso responsible for safeguarding awts of the chatity a1 hence for tsking r¢a5onabl¢ steps for the preventlOD and dete¢tlOD of fraud and otbeT irregularitt"es. Approved by ordeT of tht board of tnLstees on ...... Nsco . Thislee Page 7
INDEPEIYDENT IXAMINER'S REPORT TO THE TRUSTEES OF . LEWES HOUSE OF FRIENDSHIP Independent eninS report to the trustees of Lewes House OI FTiEndship I report to the chlty trustees offj eMmion of the accout]ts of Ixwes Housc Of Friendship (the Tntst) for the year ended 31 Marth 2025. Responsibilities and basis of report As the tharity of the Trust you are resp)nsil)le for the prerAration of the accoutts in actordance with the requirements of the Charities A¢t 2011 (%be Ad). I rep.ort in TeSP¢Ct of my. ¢xawl.. on of th¢ TO$ a(ts carried under Section 145 of the Act and in carrying out my 9xamin[On I hay¢ f9llow all m)licabk Directions given by the Charity CoJDmissioll un(kr Section 145(5)(b) of Tndsp.eryden¢ ¢iamln¢rl$ statement I h4y¢, cpmpleted my *_x111th0 I confim that no material matters have ci)me to rny attention in wnnection with tbe 9xarojn4tiori 8lving me cause to believe that sn any material respect: 4¢¢oyDtiDg r¢¢ords wer¢ not kept io respect of the Trt as rwiiThl by Section 130 of the Ac¢ or ' W,0 &counts,do' Dot accord with those record5" OT . the accounts do,Otyt comply with the applicable wiremems concerni]Jg the forni and conlent of counts set ¢)ut ,lii. th<..Charities (A¢coiints aod Reports) Regulations 2008 other than any requirement dmt the a¢countS 8iv¢ a an4 fair view wbich is not a njatter consider¢d as FQrt of an independent examitiatio ! hi.y.¢ ne concerns and have come across 00 other matters ID connection with the examination to which attention should ¢ dri.wq iii this report in order to erle a proper understhllding of th¢ ac¢ouni$ io be reached. .bi!stopber. liobert Tyler FCA DChA FCIE Brigb.to4 BNI.6TP' PagG 8
LEWES HOUSE OF FRIEN])SHIP FORMERLY KNOWN AS AGE CONCERN LEWES STATEMENT OF FINANCIAL ACTivrriKs FOR THE YEAR ENDED 31 MARCH 202) 2025 Total funds 2024 Total t"llnds Unrestricted Restricted fund Notcs INCOME AND ENDOWMENTS FROM Donations and legacies 747 747 4.574 Charitable activitits Catering,welfare and a¢tivities 90.665 90,665 88,947 Investment incon)e 71216 7l,216 33,641 Total 162,628 162,628 127,162 EXPENDITURE ON RaisiJ)g fid$ 223 223 984 Charitable activltles Caterinu welfare and activities Support costs 203.518 960 636 204,154 140,279 900 Total 204,701 636 205,337 142,163 Net gainsl(losses) on investtnents (1,177) .{1,177) 10,038 NET TNCOMEI(EXPENDITURE) (43250) (636) (43.886) (4,963) RICONCILIATION OF FUNDS Total fimds brought forward 677.022 17.816 694,838 699,801 TOT AL FUNDS CARRIED FORWARD 633,772 17.180 650.952 694,838 The notes forni part of these fancial Statellts Page 9
LII WES HOUSE OF FR]ENDSHtp FORMERLY KNOWN AS AGE CONCERN LEWES BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total fuDd Notes FIXED ASSETS Tangible assets InvosttneDts l2 l3 9.492 81,481 17.180 26.672 81.481 28,641 82,658 90.973 17,180 108,153 111,299 CiIRREI IYT A&Ts Stocks Debtors Casb at bank and in haDd 41Y) 3,120 550,636 400 25,880 560,423 14 LJ 3,120 550,636 554,156 554,156 586,703 CkEDITORS Amounts falling due within one year 16 (11,357) (11,357) (3,164) NET CURRENT ASSETS 542,799 542,799 583,539 TOTAL ASSÈTS LESS CURRENT LJABILrriEs 633.772 17,180 650,952 694,838 NET ASSETS 633,772 17.180 . 650,952 694.838 FUNDS Unrestrided funds Restricted funds 17 633.772 17,180 677,022 17,816 TOTAL FUNDS 650,952 694,838 Tlie fumncial 5tat¢rn¢nts w¢r¢ approved by the Board of Truywes and authorised for issue . l..T. "i.. .. and w¢re signed on its behalfby: Th¢ not¢5 foTm part of these finallcial statem¢Dts Page 10
LEWES HOUSE OF FRIENJ)SHIP FORMERLY I<NOWN AS ACE CONCERN LEWES CASH FLOW STATEMENr FOR THE YEAR EThDED 31 MARCH 2025 2025 2024 Not&8 Cash fl(bws from opeThliDg Ydctivities Cash g¢D¢rat¢d from op¢rations Net cash (used inyprovid¢d by opet*illg activities {463JO) 202,510 (46JiO) 202,510 Cash flows from Inves¢lDg a¢tivrties Interest received 36.523 1,215 Net ¢asb prOded by Investins activiti¢s 36,523 1,215 change in cash and $b equivalellts In the reportlllg period Casb and ca$h equfvaknts at the beginnlng of tbe reporting perlod Cash cash equlvalents st the eDd of tbe reporting perlod (9,787) 203,725 560,423 556,698 550,636 560,423 Page 11
LEWES HOUSE OF FRIENI)SHJP FORMERLY I<NOWPI AS ACEEONCEKN LEWES NOTES TO THE CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 TrLIRCH 21125 RECONCIiJATION OF NET EXPENDJTURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Nel expenditure for the reportiD% period (As Per the Statement of Financial Aetivities) Adjvstm¢nts for: Depr¢¢iation charges Lossesl(gain) OD illv¢sllneJ Interesl Tec¢ived Decre&se in debtor5 ]n¢reas&(d¢crease) ¢r¢ditors (43.886) (4,963) 1,969 I,177 (36J23) 22,760 8,193 2.117 (10,038) (1,215) 217,074 (465) Net casb (used Inyprovkled by operations (46J10) 202,510 ANALYSIS OF CHANGLS tN NET FUNDS At 1.4.24 . Cagh flow At3'1.3.25 Net efish Cash bank and in hand 560,423 (9,787) 550,636 560,423 (9.787) 55Q,636 Totsl 560.423 (9.787) 550,636 Th¢ not¢s fortn part of fmancial statem¢nts Page 12
LEWES HOUSE OF FRIENJ ILSHIP FORME, RLY KNOWN AS AGE-CONCERN LEWEg NOTES TO THE FINANCIAL sfATENIENfS FOR THE YEAR ENDED 31 MARCff 2025 ACCOUNTING POLICIES B2Th of preparing the finADcial stsÉemeDts The financial slatetllejjts of the charity, which is a public befit ejrtity FRS102. have been prepared in accordance the Clwities SORP (FRS102) 'Accounting and Reporting by Chayities". Statement of ReCommded Practic¢ applicabk to charities preparing their accounts with th¢ Financial Reporting St8ndard appli¢able in Ibe UK and Republic of Ir¢land (FRS102) (effedive l January 2019),, Financial Reporting Standard FRS102 Th¢ Financial Rqx)rting Standard applicab)¢ in the UK and R¢publi¢ of Ir¢land' aDd th¢ ChaTiti¢s Ac¢ 2011. The fjnallcial ststements hav¢ been preped ndeY- the bistorical ¢ost conventim. The ac¢ounls are prepattd in sterltn& whi¢h is the fLmCtional curTeDCy of tb¢ ¢harlty. Monetary amoimts in these financial statements are rounded to the nearest £. The trusleesldirectors CODsider that are Do material w]certaiDties about Sbe wmpanys ability to continue as a going concem. lllcome All LDcome is reCOlsed once the chariry eotitlrnt to the income, it is probable that the income wlll be celved and the amount of income receivable con me&8ured reliably. Lega gifts are recognised on a ease by Cw bayis following th¢ graDting of probate when th¢ athninistrator/exe¢utor for tbe estat¢ has communicated in WTiiitig both the aTOOUOt and settlemènt dat¢. In the event Ibat the gift is ID the forni of an asset other than ¢asb or a fib)ancial &sset traded on a recogDised stock exchange, recogDition is subject to the valuc of the gift being ttliably me4surabl¢ with a d¢8Tee of roa50nable accuracy and the lille to th¢ asset havin8 Eten trdnsfcrred to thc charity. Donations are 0ised wh¢n the Trust hLN been notified in writing of lyjih the amount 8nd settlement d4te. In the eveDt that a doDatioD is subject to conditions that require a levcl ofperfornwoe before the charity is Fntltled to the fuDd4 the income is deferred and nol recogniscd until either those conditlODS are fully ll)et or the fulfilment of those conditions is wholly within the wntrol of the Gh8rity and it is probablo tbat those CODditions will be fulfilled in the retK)rting pcrio Interest on funds held on deposit is included when receiwdblc and the amount can be measured reliably by the ¢harity: this is Dornwlly upon notificaliDll Df the interest paid or payable by the banL ExptndlÈure All expenditure is included on an aCCnlS basis and is T08n5$CO when there is a l¢gal or wnstruotive obligation to pay for ¢xp¢ndittwe. All cosis have been directly attributed io one of the fim¢tiona] c&tegorie$ of resources expeoded in the Slat¢ment of Fin8ncial Artivitie8. The cbariry is Dot registered for VAT Bnd dccordinsly eXp¢nditli is shown 55 of VAT. Support costs comprise 811 ioyofvllig the public a¢¢ouDtsbility of the charity and its complire irfth ¥e8ulation and good practice. These costs include ci)sts Telated ty th¢ examinat500 of accounts and all the cost$ of ¢omplyiDg and ¢onstitutiODal and statutory requirem. Stocks Purchased stocks are vakned at the lower of cost and Det reaJisabl¢ value aft¢r making due allowance for any obsolde Dr slow-Movti items. To%ation The charity is exetiipt from tax on its cbaritsble activitie5. Fund geeounling Funds held by the Charity are: _ Unrestricted gencral fllt . th¢se are fimds which ¢an be wed in accordance with the cbaritable objects at the diSello of TnK5tees. Pag¢ 13 CODtinued...
LEWES HOUSE OF FIiIKNDSHtP FORMERLY I<NOWN ASACE CONCERN LEWES OTES TO THE FINANCIAL sfATEMENfs . cDn(inoed FOR THE YEAR EIWED 31 MARCH 2025 ACCOUNTING POIJCILS- wntinued Fund aeeounting Designated fid$ - tbese are fIllS sel aside by the Tnkn Df UnT&4tThct¢d generdl funds for specific future purpos¢s or PTOjKts. Restricted fiu)ds- thes¢ are fimds that can onty be used for particular 5)cted pur5¢ within the objects of the Charity. Restri¢tions aris¢ when stKcified by the doJ)or or wben fimds ar¢ rnis¢d for particular r¢stricted purposes. Endowmenl Fwjds - Ihese represent those a&sets which Jnu5t be held pern)an¢ntly by the charlty. Income arising on tbe endowtTh¢nt funds ¢an be used in ac¢ordanL% with the objects of th¢ clwity and is iluded ag unrestiict¢d income. Further ¢xplaDaiion of the nature and pwpose of each fLmd is included in the notrs to the Accounts bepreclatlon The ¢osts of iangible fixed &ssets is written.off over thetr usefid eLa)norni¢ lives as follows:_ Freehold Buildings 20/• straight line basig Fixtur¢$, fittings & equlwt IO% reducing balance basis Alj assets costing more than £5(1 are ¢apItslis and vajued at bistorical cosL ReAllsed and unrealtsed galns and It All gains and losses are tak.eo lo the stat of Finallciaj Activities as they arise. Reaiised gains and losses on investtnents are lCulated as the differcnce betweffl sa]e5 pr1ced3 8Dd their opening carrying value or their purcbase value if acquired subsequent to the fit day of the fuwicial year. UDrealised gains and losses are alculated as the difference beÉwEen the fair value at the year eDd and their CayIng value. kg&lised and UDrealAsed investment gains and are combined in the Statement of FiDancial Activities. Fixed Asset Investments Investments are a forni of b&sic financial instnjment and aro initially recognised at their transaction value and subsequently me&sured AÉ their f2ir value &s & the balance sheet date using the closmg quoled market price. The 5tRtement of financial activities includes th¢ net sains and los5 arising the revaluation artd dispDsal5 througbout Ibe year. The Trust doe3 not acquire put option3, derivatives or other complex fu)8ncial instrum¢nts. The main fonn of financial risk faced by the cbarity ig that of volatility ID equity markets aDd investment markets due to wider economic ¢onditions. the artitude of investOTS to inv¢stment risK and changes in sehtiJneDt conrxming equities and within partiw1 sectors or sub se¢tors. Pen$loDs Ejnployees of the charity are entitled to join a definea eontrilxrtlon 'money purch8se' 8¢heme operated by NEST. The ¢harity'$ contributiOD is restricted to the contr(butions disclosed in the noteg. There were no outstanding conttibutioDs at the y¢ar en(L Page 14 continued...
LEWES HOUSE OF FRIENh DSIIIP FORMERLY KNOWNAS ACE CONCERN LEWES NOT£S TO THE FINAFICIAL sfATEMENfs . continu} FOR THE YEAR ENDED 31 MARCH 2025 DOIYATIONS AIYD LEGACtEs 2025 2024 Donation.% and Legacies Gra] 747 1,388 2,586 600 747 4,574 Grants re¢¢ived, included in the alKive, are 8s follows: 2025 2024 Lewes Town Council 600 INVEMENT INCOKE 2025 2024 Reths received Deposit account int¢re8t 34,693 36,523 32,426 1,215 71,216 33,641 INCOME FROM CHAIUT ABLE AcrivTrTES 2025 2024 Activity CateriweLfare and activitics cateriWe1farC and activitie5 Cateri[weIfarC and activities Catering Welfare and aciivities Employment allowance 50.318 26,846 13.501 51.13Q 30,263 7.554 90,665 88,947 RAISllYG FUNDS RalslDg dona¢lons and lega¢les 2025 2024 984 Jnv¢sbDent brok¢TS fe¢s 223 Pag¢ 15 continued..
LEWES HOUSE OF FRIENDSHTP FoRNRLy KNOWNAS AGE CONCERN LEWES NOTES TO THE FINANCIAL STATEMEWtS - continued FOR THE YEAR EI4DED 31 MARCH 2025 CHARITABLE AcfiviTtES COSTS SUprt costs (see note 8) Costs (see note 7) Totals Caterin&Wear¢ and activities 204.154 204.154 960 960 204,154 205,114 DJREcf COSTS OF CHARTfABLE AcfIvmES 2025 2024 Catering Welfare and activities 18,959 2,715 760 2J88 44,315 6,299 11,884 2,334 1803 505 967 1,137 1,828 2.728 86.873 1.969 15,690 18,675 2,892 582 2,053 14,250 5,797 9,699 2.185 2,829 544 Rates and wat¢r Building and equipment maintenance Cleanillg Light and heat Insurance Letting a8¢nts fees Bank Charges Printiug,postage and ststionery Telephone Computer ¢osts sidYies Slaff costs Depreciation Professional feos 581 381 2,576 74.127 2,117 204.154 140,279 SIIPPORT cosrs GoverAdn¢e Costs Support Costs 960 Page 16 continued...
LEWES HOUSE OF FRIE1YilP FORIVIERLY KNOWN AS ACE CONCERN LEWES NOTES TO THE FINANCIAL STATEMENTS- cotitinued FOR THE YEAR ENDED31 I¥IARCH ZD25 SUPPORT COSTS- coDtinued Support costy included inthe aknv4 gre Ls follows.. 2025 Support costs 2024 TotaE activities dependeni exami fees 960 900 TRusfEES' REMUNERATION AND BENE Ther¢ were no trustees, remuneratioD or other benefits for the year ende4J 31 March 2025 Dor for the year ended 31 March 2024. Trnstees, expellse8 There were no trustees, expenses paid for the year ded 31 2025 nor for Ibe year ettdeAI 31 March 2024. Jo. STAFF COSTS stsff costs during the were aq followa: 2024 2023 Gross pay EmployeTS national insurance Pension costs 69,417 4,7lO 62,366 4,304 74 The averdg¢ number of employe during thc ycar w&$ 4 (2 time wuivalent) (2022 . 4 (2 full time equivalcnt)) excludiDg the directorsltrustees. The direCtOrtruste0S rcccived no remuneration ¢r aDy other benefits in r&%ped of thcit duties in th&t capacity during the year. The cbprity CODsiders its k¢y owagem¢)nt per3onnel lo b¢ the dir¢¢torthsl¢es. COMPARATtVES FOR THE sfATEMENT OF FINANCIAL ACTVVITiES 2024 Unrestricted ke5tricted fund fuDd Total funds INCOME AND ElOwmETs FROM DonatioD$ and lega¢ies 4,574 4,574. Charitable a¢tlvltle5 Cater1,¢1far¢ atsd activities 88.947 88,947 ]nvesthieDt iDcome 33,641 33.641 Totsl 127,162 127,162 EXPENDITURE ON RaisiDg funds 984 ChaTilable al¥ltieS Catering,w¢Jfare and activtti 139,643 636 140,279 900 Pag¢ 17 continued...
LEIVES HOUSE OF FRtEIYDSHiP FORMERLY KNOWNASACE CONCERN IIWES NOTES TO THE FINANCIAL sfATEMENTS . Continued FOR THE YEAR ENDED 31 MARCH 2025 ii. coMPATIVEs FOR THE sfATEMENT OF FINANCIAL AcnvrrIES 2024. continued Unrestricted Reslricted fund nd Total funds Tolal 141.527 636 142,163 Nel gains on invesinients 10,038 10,038 NET INCOMEI(EXPEIYDITURY) (4,327) (636) (4,963) RECONCILIATION OF FUNDS Tothl funds brought fonvard 681,349 18,452 699,801 TOTAL FUNDS CARRIED FORWARD 677,022 17,816 694,838 12. TANGIBLE FIXED A&SETS Fixtt Freebold property Tot&ls COST At l April 2024 and 31 Mah 2025 31,808 41,755 73.563 DEPRECIATION Al l April 2024 Charge for year 16.503 636 28,419 1,333 44,922 1,969 AI 31 M8Tch 2025 17.139 29,752 46,891 NET BOOK VALUE At 31 Mar¢b 2025 14.669 12,003 26,672 Al 31 Mar¢h 2024 15J05 13J36 28,641 13. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Al l April 2024 Revaluaiioms 82,658 (1,177) At 31 March 2025 81,481 ET BOOK VALUE Al 31 March 2025 81,481 Ai 31 Mar¢h 2024 82,658 There were no iÈwestm¢nt outside the UL Page IS continu¢d...
LEWES HOUSE OF TrRIEI¥DSHtp FORMERLY KNOWN AS ACE CONCERN wEs NOTEI S TO THE FJP4ANCIAL STATEMENfs - contillue FOR THE YEAR ENDED 31 MARCH 2025 13. Cost or vah]ation at 31 March 2025 is represented by. Listed investmellts Valualion in 2023 81,481 14. STOCKS 2025 2024 Stocks 400 400 DEBTORS: AMOUNTS FALLtNG DUE WITHIN ONE YEAR 2025 2024 Catering and other debtors L£sacy receivable Prepaytnellts 2,616 2,917 22,586 377 504 3,120 25,880 16. CREDITORS: Amouiyfs FALLINC DUE wfniIN 01¥4E YEAR 2025 2024 Other creditots 11,357 3,164 17. MOVEMENT IN FUNDS Net movement in fid9 At 31.3,25 At 1.4.24 Unrestrlcted funds General fwid 677,022 (43,250) 633,772 Restrteted funds EndowThent fund 17,816 (636) 17,180 TOTAL FUNDS 694,838 (43,886) 650,952 Page 19 continu¢d...
LEWES HOUSE OF FRIEI4DSAIP FORMERLY KNOWNAS ACE CONCERN LEWES NOTES TO THE FINANCTAL sfATEMENfs . continued FOR THE YEAR EIYDED 31 MARCH 2025 17. MOVEMENT IN FUN]XS- continued Nel movement in fillujs. included iu the above are &8 follows" Incoming Resour$ Gains and losses Movement in funds UDrestrleted fllnds General fimd 162,628 (204,701) (1,177) (43,250) Restric¢ed fMDds Endowme fijnd {636) (636) 162,628 (205,337) {1,177) (43,886) Comporatives for movement in funds Net movement in funds At 31.3.24 At 1.423 Unrestrleted tsnd8 Geiieral fund 681,349 (4,327) 677,022 Restrlcled funds Endowment fund 18.452 (636) 17,816 TOTAL FUNDS 699.80I (4,963) 694,838 Cornparative Det rnov¢nieut ID included in thr aix)ve are as follow$: Incorning r¢sourc¢s Resources exp¢nded Gains and Ioss¢5 MDvement in funds Unr¢strkted funds (l¢n¢ral fund 127,162 (14J,527) (4,327) Restrkted fund$ En(lowrnent fund (636) (630) TOTAL FUNDS 127,162 (142,163) 10,038 (4,963) Tbe endowment fund represents those assets Thtiich n)ust be held pIanently by th¢ ¢harity,in this case the freehold property. Page 20 continued...
LEWES HOUSE OF FRIEIWSHIP FORMFRLY KNOWNASACE CONCERNLEWES NOTES TO THE F.INANCL4L sTATEINTs . continued FOR THE YEAR ENDED 31 MARCH 2025 18. RELATED PARTY DIsCIA)s There were no lated paty transactions forthe ytrdr eDd¢d 31 March 2025. Page 21