thjrity Regi51Trtion No. 1163389 Cmyary Re8lstrntlon No. 09649569 (England and Wolesl THE MATTHEW 25 MIS510N ANNUAL REPORT AND UNAUDITED HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 & COMPANY THE MAThHEW 25 MISSION LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Mr D M Lofthouse Simon Kirkdale Ichairmanl Ms J Kirkdale Ms P Oliphant Dr L Flanagan IAppolnted 13 January 20251 IAppointed 13 January 20251 Charity Man*8ei O Plumley (Until October 20241 A Valentine IFrom February 20251 Chaplaln A Haward Charlty number 1163389 Company number 09649569 Pr5n¢5pJl address 8rodie Hall Christ Church Seaside Eastbourne East Svssex 8N22 7NN ReBlstered offl Brodle Hall Chrlst Church Seaside Eastbourne East Sussex N22 7NN Independent examlner Nathan Coker FCCA Price & Company 30-32 Gildredge Road Eastbourne East Sussex BN214SH Bankers Uoyds Bank plc 104 Terminus Road Ea5tbourne East Sussex BN213AH THE MAThHEW 25 MISSION CONTENTS Page Tru5tee5' report 1-13 Independent examlner's report 14 Statement of financial activities 15 Statement of financSal position 16-17 Notes to the flnancial statements 18-35 THE MArrHEW 25 MISSION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present theSr report and flnancial statements for the year ended 31 December 2024. The flnanclal ststements have been prepared In accordance with the accountin8 policie$ sèt out in note I to the flnanclal statements and comply wlth the charlty's Memorandum and articles, the Companles Act 2006 and "Accountlng and Reportln8 by Charltles: Statement of Recommended Prartice applicable to charities preparing their accounts In accordance wlth the Flnancial Reportin8 Standard applicable in the UK and Republlc of Ireland IFRS 1021. leffertlve I january 20191. Oblectlves and actlvhles As ststed in fts Artlcles of Assocbation, the charity's objertives are to relieve sickness and financial hardshlp and to promote and preserve good health and education In atcordance wlth Chr15tian prlnciples by the provision ol fund5, good5 and services of any kind in Eastbourne and in such parrs of the United Kingdom as the trustees may from tlme to tlme thlnk fit. Publlc 8eneflt The trustees have pald due re8ard to 8uldance issued by the Charlty Commlsslon In decldlng what activities the charSty should Ltndertake. Vlslon We want Eastbourne to be a town where the most dlsadvants8ed and challenged people In our cornmunlty, experlenclng difflcU￿les wlth Ilfe and having a variety of needs have their needs met. Mlsslon Our Mlsslon Is to provlde a safe space and support people, some of whom have multiple complex needs in¢ludinB Mental Health and Homelessness. We will work with other a8encies and or8anisations to try to meet thelr needs. to InC￿aSe their voice, transform their lives and help them to realise their self-worth towards achlevin8 thelr 8oals in life. Orlglns The Mission began lffe as "Oasis Chrlstian Outreach" In 1992 In a cabin as part of Elim Community Church, Upperton Road and then moved to the basement of The Royal Hotel on Marine Parnde and In 2007 moved to Brodie Hall, Christ Church, Seaside. The founder was Brian Martin who became the first manager. Peter Thorley took over from hirn in 2008 and the charlty became known as 'The Matthèw 25 Mission, in 2011 and re8lStered as such with the Charities Cornmis5ion and Companies House in 2015. 5ervlces The Matthew 25 Ml55ion fulflls Its Comm￿mentS through two pro8r3mme5. Social Welfare and the assoclated Movlng On project. These servlces are delfvered wilh an Incluslve. unrestrlcted access approach to people facing a range of challen8es, includin8 homelessness, rou8h sleepin8, Substance misuse, mental health difficulties, physical disabilitles. poverty and social isolation. Most of the Mission's beneficiaries. known as 'guests', experience complex multiple challen8e5. THE MAThHEW Z5 MISSION TRU5fEES' REPORT {INCLUDING DIREcfoRS' REPORT) {CO￿lNUED> FOR THE YEAR ENDED 31 DECEMBER 2024 What wedo We flrmly belleve that If you are cold, tlred, wet or hungry you are better placed to make informed decisions and choices about your life rf you are In a warm. safe space where you can get a nutritlOU5 meal and hot drink5. We offer a welcome and support to anyone, regarnlless of race. religion. age or sexualitv. Furthermore, we believe that if they can be helped to address their core problem or problems then they are better able to be helped to throw away the CTUtch of addiction that they may rely on. Although the charity's services are not restricted to a particular area of the town. over 80% of its guest5 are resident in The Devonshi￿ West Ward or live within I mile of the Mission. The trustees ￿ntInue to be committed to optimisin8 the impact of the Misslon's Income and, to this end, have progressively reduced expenditure on administration in l)oth absolute ond relat￿e terms. Consequently, the proportion ol the 2024 bud8et spent on administration was $118htly below 6%. Our small team of staff and volunteers a￿ passionate about what they do and whilst we must be realistic and accept that we may not hève success wlth all that pass through our doors, those that are able to achbeve and realise their 5elf-worth and move on with their lives make It all worthwhile. We are a small, local charity and are dependant totally for fundinB on donatlons and any 8rar)t5 that we are successful in apptyin8 for. Thls is becomin8 Sncreasingly difflcult because of a rÈluctance to give fundln8 for core costs. 5o¢lal Welfare Pro8r•mme Two key-workèfs and a prolert manager staff the social welfare programme. They are sUPPOrted by a team of volunteers In the centre, kltchen and shop. Durfn8 2024 there were normally 14.16 volunteers helplng durin8 each day with over 40 volunteer5 available as and when needed. The type of Se￿Ice5 avallable at the centre were.. Key.worker support for Indlvlduals In crisls access to varlous agencies on different days • è safe, welcomlng soclal meetlne place • a pro8ramme of actNities actes5 to various ancillary services We provide our Bue5t5 With item5 to rneet their immediate need5. Thi5 includes a hot meal and drinks, laundry facilities, clean dry clothes. toSletrles, access to a telephone and computers and someone to talk to. We also Provide a sleeping ba8 if they have need of one and a tent if they cannot acce55 erner8en¢y accommodation. THE MATTHEW 25 M15510N TRUSTEES, REPORT IINCWDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 20Z4 Impact of the So¢lal Welfare Programrne In 2024 We can ascertain the Impact of the progrnmme from the level of acttvitie5 during 2024. The programme served 33.443 meals whlch equates to 720 meals a week or 144 mea15 3 day. Each month we saw an average of over 300 dlffefent guests. OF these gue5t$ 80% were male and 20% were female, 81% were from the Devonshire West Ward or lived within I mile of The Mi55ion. Every person who vlsits the MissSon Is greeted wRh love and 5UPPOrt. Thelr welfare 15 checked, and they are helped if needed. With the ability to serve inside, our 8uests are able to eat In at Brodle Hall for either breakfast or lunch or both or to take away elther meal. Each week, In 2024, at least 200 of our guests were helpèd in more depth by our keyworker and outreach teams or were 5UPPOrted by other a8encie$ withln Brodie Hall. elther with housing, beneflt advlce, addlctlon advlce and support or anything else they needed. In 2024 we supported 3,627 of the most vulnerable people in our community. DurSn8 2024, the programme Improved the way it worked with dlfferent a8encles and its guests from wlthln Brodle Hall. Wlth the Increase in the percents8e of guests wf(h Mental Health Issues we had a mental health nurse in two days a week and on call other days. To support 8uests to move from temporary accommodatSon to more permanent accommodation the Rough Sleeper5 Initiative Move on Team were at The Misslon two days a week. To ald our guests w￿h substance mlsU5e a doctor from Chan8e Grow Live was at the Mission fortni8htlv. Workin8 Closely with other a8encles also meant that we were in almost dally contatt wlth them, and they could come to the Misslon at any tlme to meet with our guests. as and when needed. This enables those agencles to better support their clients throuuh ￿$￿1¥r contact. Although a maloTlty of our 8uests have multiple complex needs, their maln need each day takes prlority. The maln need our guests presented with, as in previous years, was Mental Health support ISO%) whSch Is 5118ht Increase in Comparison wlth 2023 followed by addi¢tlon Issues 126%). The support of addlctlon specialists from CGL aids our support for our guests presentln8 with th15. To ald wlth Mental Health support our staff and some of our volunteers a￿ Mental Health First Aiders, Throu8h the 8enerosity of a local Hairdresser, who comes into the Misslon once a month. we are able to provide haircuts for Some of the guests and for thelr feet allments a podiatrist Comes in once a month. We have a volunteer from a l¢xal company who helps guests with any tech support for thelr phone5 or computers on a monthly basis. We are able to help those who come to us wlth a need for tolletries and 5uppty essentlal clothing to those that need it. THE MATTHEW 25 MISSION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 onday uesdav ednesday ursday riday GLI VM urselSH reakfast RSI Team GLISHIMentsl ealth Nurse ental Health urselCGLI wtISH itizens Advice rber monthly odiatrist monthly am-11am GLNMC TeamlCG Health entèl Healt urse/CGLIK itiiens Advlce urse ental urse lam-2pm ardenin8 hoir rt Club onthly Praye roup/Gardenin8 tlvitles Moving On Movin8 On Moving On Movin8 On Moving On CGL.. Change Grows Live RSI.. Rough Sleepers Inltlatlve VMC,. Vlctorla Medical Centre KWT.. Kingdom WayTru5t SH, Southdown Housin8 Percentagecomparlson of Guests Prlmary Presenting Need If.••E SS Jf9- 5.= 3.92 THE MAThHEW 25 MIS510N TRUSTEES, REPORT (INCLUDING DIRECTORS, REpoKfi (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Chaplalnry and Outreach Programme Z024 The Chaplaincy and Outreach ProBrdmme in 2024 was once again impacted by long term illness and as the year Pro8￿SSed it became apparent that bt was no longer going to be possible to contlnue the Chaplalncv Pro8ramme in its current format. With the departure of the Peter Thorley, the chaplain, in October 2024, regrettably It was not Possible to ￿plaCe him with a person wlth his experience and tontlnue the outreach pro8ramme. However. the pro8ramme was still able to support our staff, volunteers, trustees. and guests throughout the year up untll that point. From Ottober 2024, pastoral support of the staff, volunteers, trustee5 and guests was taken on by Alex Haward, one of our keyworkers, 5UPPOrted by Fr Josh Delia. A monthly prayer meeting was set up, organised by volunteers, for all at the Mlsslon. Refreshment Desplte the dlfflcult fundin8 climate, the trustees and Charity Mana8er ¢ont¢nued to seek opportunltles to refresh ind develop the charlty. The mentoring prograrnme and bud8etin8 SilPPOrt pro8ramme contln(6ed. The role of a Kitchen Superyisor to oversee the runnin8 of the kitchen ¢ontinues to be a great asset overseeing the mana8ement of the food donations. assisted by a volunteer. He 15 also responsible for food purchases and ensuring the necessary standards are maintained in the Kitchen. The provision of nutritlous food Is a must for the guests to help them In maintainin8 thelr healih and Benefal wellbeSng. The Supervlsor Is 5UPPOrted by up to five volunteers each day wlth the Preparation of a daily b￿akfast and lunch and the resultln8 washlng up. The Misslon Is ext￿MelY grateful for the donations of food it receives from local buslness and members of the l(Kal community. We are continually looking at ways to improve on Tecycling and reducin8 plastic waste. All of our takeaway receptacles are recyclable or cornp05table. The Barden project continued in 2024 with more 8uestS. guided by volunteers and fellow 8ue5ts, involved In the malntsinin8 of the garden and the plantlng of flowers, and ve8etsbles and herbs for use In the kltchen to the extent that the slte will allow. Premlses The size of our premlses sometimes mean5 that mealtimes can be sornewhat hectic but with Careful management we are able to ensure that no one is turned away. On a busy day our kitchen Serves over 100 lunche5 and over 80 breakfasts as well as the countless hot and cold drlnks served by our w)lunteers. Developments Truste Jarod Taylor stood down as a Trustee In Aprll 2024 and In May 2024 Nlck Morrfs stood down a5 a trustee. In October 2024, St John Van Nlftrlk stood down after seven years as a Trustee and as Chalr of Trustee5. Simon Kirkdale was elected as Chair in his place combinin8 the role with that of Treasurer as an Interlm measure. Julie Burge55 stood down as a trustee In January 2025. Plppa Ollphant and Luke Flanagan were appointed to the board in January 2025. Staff In May 2024, Queenle Clarke, a key-worker, reslgned havlng been placed on long term slck leave, We were able to recruit Alex Haward to take her place as a full-time keyworker in July 2024. In October 2024 Oscar Plumley, the Charlty Manager since January 2020, declded It was tlme for hlm to rnove orb. We are 8ratefvl for the contribution he made to the Mission. At the time of the writing of thi5 report we are pleased to report that following a successfvl ￿crUitment, Andrea Valentine, has now been appointed as the CÈntrè Manager. THE MATTHEW 25 MISSI014 TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) ICOKTINUEDI FOR THE YEAR ENDED 310ECEM8ER 2024 Also In Ortober 2024. Peter Thorley, the Chaplaln, left the M155lon after periods of 111 health. Peter had been with the Mi55ion for many years, having worn a varlety of hats. Involved even before It became the Matthew 25 Misslon In 2015. He made a con51derable contribution to the lives of the guests and others over the years. Sarah Sirnpson, the Kltchen Manager stood down from her role In September 2024 and was replaced by Davld Moore In Novernber 2024. AlSce Francis left in Ortober 2024. The Team C•nlre Manaler: Andrea Valentlne Andrea Is from Eastbourne, and has been Involved in charity or8anisations for over 19 years in and around the Eastbourne area. In February 2025 she lolned the team as the Centre Manager for the Matthew 25 Mission. Hall Manaier and Ke*worker: Marla Orr Maria ha5 worked in varlous office and store posttlons before settln8 up her own cleanlng company. Flve year5 a80, Maria and two friends started a meals service for rough sleepers In the town centre. Wlth the advlce and guldance of the Chaplain they were able to develop thelr provislon into a Community Project. When the pandemlc started, Maria had to close her business and volunteered with the Misslon, before being appointed as a keyworker. K¢y-w¢rker •nd Chaplaln: Alex HavArd Alex has worked wlth mar8inallsed people both in a paid and voluntary capacity for the last 12 years. More recently, he has worked for a nlsmber of years within the crlminal Iustice 3￿na working in front5ine roles focussin8 on housln8 and then training and employment In London. He then managed the Scheme he was part of for about 5 years with a short stint wrthln the prison service HQ for a few months. He had a calling back to a frontllne role and more speclfically to Matthew 25 meaning he could work back In an area of work he Is very passlonate about but also spend MO￿ time with his wife and daughter5. Kltchen SupeThilsor., Davld M¢)ore Davld has worked in the caterlng Industry now for nearly 20 yeaT5. He has worked up to head chef level In variety of Sectors including hotels, Schools, private outside caterin8 companie5, and mainly In the care home Industry dolng up to 3C(J covers. Previously he worked in the care industry worklng with adults with learnin8 difficulties. He feels passionate about workin8 With people that are less fortunate than himself. enloy5 new challenges. 3nd15 a committed church member and famlly man. Hnance Offlcer and Grnnt Fundrnlser: Gemma Game Gemma ha5 worked in the financial world as a mort8a8e adviser for many year5, more recently alongside working in an emergency housing facility. Board ot Trustses Chair and Treasurer: Slmon Klrkdale After a career In the pollce, Simon retired and setup his self*mployed bu5ine55 doing painting and decoratin8 and IT support for small businesses and retired people. He is a Permanent Deacon in the Catholic Church. Wtth Jill. his wife. they moved to the coast and wanted to work with a local charity, and they joined Matthew 25 as volunteers bn 2022. THE MATTHEW 25 MISSION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORTI ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Secretary: JS11 Klrkdale After a worklng as a PA for a number of employets. Jlll became a full-tlme mother to four children while still working part-time before returnin8 to work as a PA. Together with Simon, they were Involved with the Soup Run In Brighton organlsln8 the Uckheld team. She worked as a volunteer bereavement counsellor for St Wilfrid'5 Hospice and qualified as a beauty therapist as well a5 taking coun5ellin8 5kllls Courses. Luke Flanagan Luke Is a teacher of Polltlcs & Business at a local independent school. He studied for a PhD at the University of Edinburgh before 80in8 Into teachin8. Raised in Bexhill, he Ss also trustee of the Bexhill & Rother Homele55ne55 Unity GTOUP IHVGI. A devoted father of two dau8hters, aged 15 & 11, he Is a150 a practicin8 Catholic and has recently taken up Pickleball. Davld Lofthouse Davld'5 background wa5 3 50ftware and project manager within the telecoms industry. beln8 Involved In moblle phone developmeni slnce the mid 90's for Er¢¢ssons. He retired durin8 lockdown when he bou8ht house to renov7te and started volunteerin8 for The Matthew 25 Mlsslon. Plppa Ollphant Pippa Oliphant has a famlly and a do8. She grew up In Australia, workln8 in nursin8 homes, hospltals and factories, and In the UK for tsver*ty year5 a5 a teacher. She enjoys paintin8 and singing and has always been interested in social issues. She helped with the Winter Night Shelter for nlne years ènd has vOluntee￿d at Matthew 25 Mission for aboul 14 years. Rlsk M•nagem*nt The Board maintsins a rlsk reBlster. whSch Is Included as a stsndlng agenda Item on all Board meetln8s. In addition, regular review5 of risk are undertaken by the Chair and Treasurer in conjunrtion wlth the Centre Manager. The mitl8ation of rlsk Is undenvritten through both financial control arrangements and policles and procedurÈs, all of which are subjert to regular, scheduled ￿VIeW and modification. ResponslbllltSes of Trustees The Trustees are responsible ftir the charity's Strategic direction ensurin8 that the charity Is run in accordance with legal requirements and general principles • ensurin8 the maintenance of proper accounting procedures which accurdiely d15¢1ose at any tlme the financial position of the rhartty. In the context of the above responslbllitles, the trustees afe unaware of any relevant financial information that has not been shared with the charity's independent external examiner5. THE MArrHEW 25 MISSION TRUSTEES, REPORT (INCWDING DIRECTORS, REPORTI {coNfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Acknowlediments Volunteers The Mission enloy5 the 511PPOrt of volunteers. without which, it could not provlde the range of servlce5 that it does and the TTUStÈes are Èxtremely 8rateful for the loyalty and support that they give the Misslon. The volunteers contributed 14.045 hours towards helplng our guests last year whlch equates to £160,672 of unpaid iUPFKJrt usin8 the National Llvin8 Wage. The Trustees of the Mlssion wish to thank the followin8 organlsations for their support durln8 the year.. Finan The Trustees are also extremely 8ratefvl to the many IndI￿d￿31$ and organSsatlons who have supported the Mlsslon and have made or contlnue to make regular or onevoff donatlons to the Mission Includln8.' A Lacey.Tate Trust, Lldl Communlty Fund, Anton Jur8ens Trust, GEM, John Jackson Charltable Trust, Bedes, The Nelghbourly- Salnsburys, Owen Scafftilding, NF Constructlons & Drlveways, Cherry Securlty Co Ltd. Livin8Stones Cornrnunlty Church, Southern Land Servlces, Lotus Labels, Eastbourne Lottery, Ea5tbourne Borough Councll, Town Property, Our Lady of Ransom R.C. Church, Watsons Assoclates, EastboLbrne Half Marathon. Kings Church, 5t John5 Church, Pipers New5, Eastbourne Historical Vehicle Club, CA Electrical Servites, The Rotary Club of Ea$tbourne, The Royal s0ve￿IeN Light Chapter, The Marsh Christian Trurt, Victorla Baptlst Church, The Albert Hunt Trust, The Eastbourne Iokm Run. The Residents of Aiden Court. Alstom, The Holy Trlnlty Church. NISA Maklng a Difference Locally Old Town Store. The Crown & Anchor, St Andrews Prepi East Dean Villa8e Show, East Dean Art Club, Broadway UnFted Church. St Mary's Church. Mccarthy Webb Sollcltors, St Rlchards Church. The Rotary Club, The Secular Franc15can Fraternlty IHollin8tonl. BMR Construttlon, Herstmonceux Church, Tyrian Chapter, Helllngly Helpers, Croudace Asset Management, Wllllngdon School of Dancln8, Mlcheldene W.1., Whlte Point, FS Waste Solutions, New Hope Bapt15t Church, Age Concern, The Dorothy Kerin Trust, Burrswood, The Posicode Society, Sussex Community Foundation. The John Jackson Charitable Trust, The Sackler Trust, Leeds Building Socletvi Polegate Unlted Reform Church, The Stable Trust, Emmanuel Church, EastboLtrne College, St Richards Church. The Charities Trust, Allred Honney Ltd, Eastbourne Rose Croix Chapter, Humphrey & Co., Phoenix Choir, euxted Park Hotel. Tesco- Eastbourne Extra, Park Home5. Thanks are aSso due to the following who supported our Summer Fair.. Stlx Drummers, The Jackettes, Seven Si5ter5 Ho8 Roast, Christ Church, Johns Fish Bar, Rustic Planters, Ninja Warrlor, Leanne Rebekah Hair Salon. Shan Fitness. Deli Spice. Tomboo8le. Deliciously Gorgeous, Orusillas, Lloyds Lanes, Newhaven Fisheries, Bliss Hair Salon. THE MATTHEW 25 MISSION TRUSTEE5' REPORT IINCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees also wish to thank the following organisations for food donations durin8 the year: Marks and Spencer UK Harvest Morrisons John'5 Fish 8ar Fareshare East Su55Èx Foods KD Butchers Sainsburys Cavendlsh Bakery The Bread Man 8fidgernere Community allotment Garden Our Lady of Ransom R.C. Church Chr15t the Kln8 R.C. Church Broadway United Church Boots Seaside Dental Practice • Gorringe Road Allotments GatherCommunltyGarden Litlington Church Hall West Rise Junior S¢hool. Lan8ney The Trustee5 are very 8ratefvl to the many other indSviduals. companies and Churches who have made re8ular or one-off food donations to the Mission. The Matthew 25 Mi55ion Charit Sho The Matthew 25 Charity Shop, staffed by volunteers, continues to support the MIs51on with the income it ralses and the Trustees are incredibly 8rateful for the support of the volunteers who staff and run the shop. In a slmilar way the Trustees wish to èxtend thanks to all those who support the shop with their donation5 of item5 or with their patronage. It is also able to supply essential clothing for those guests most in need. THE MATfHEW 25 MISSION TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 During 2024 the Matthew 25 Mission also Worked alongside these agencie5 and groups. 3VA East Su55ex Homele55 Forum The Rough 51eeptTS Inltlative Rapld Rehousing Prolect Change Grow Live (Star and Light House) • The Food Bank Eastbourne Borou8h Council Wealden Borou8h Coundl Brighton Councll 8rl8hton Housin8 Trust Southdown Housin8 The YMCA Food4Thou8ht The Sanctuary Café Beachy Head Chaplalncy The Famlly Court Warmln8 Up The Homeless NCVD IdomestTrc violence) Absolute Angels Homeworks • Kingdom Way Trust IThe Winter Nlght Shelter, The Bridee, Hope Woodwork) Crimlnal Court SOR 8ourne out Sussex Policè -io- THE mA￿HEw 25 MISSION TRUSTEES, REPORT1114CLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Age Concern Eastbourne Eastbourne Probation Service land other Probatlon Services} DoctorslEastbourne Distrirt General Hospltallmentsl He3￿h TeamlRehab Services Adult SocSal Servlces Chlldren Soclal Serwlces The Blue Van Team Seavlew Tru51ee5' Plans In 2025 the trustees plan to.. Contlnue developin8 the core funding With a local indtvidual donor base in order to reduce reliance tsn 8rants. Develop the Movln8 On pro8ramme. Further develop the charlty'5 soclal medla and web presence. Increase volunteer nurnber5 and trustees. Develop partnershlps wlth local bu51ness. ContSnue di8ltalisln8 our records and 8oin8 paper free. Flnènclal r*vlow There was a surplus on the general fund for the year of £23.196 and at the year-end we held £221,391 total unrestrirted Funds and £52.561 in restrlcted funds. From this the sum of £75.ocKJ has been set aside as a ontlngency reserve fund leaving £146,391 held in general funds at the year end. Reserves Poll It Is the pollcy of the charity that unrestricted funds whlch hive not been designated for a specific use should be rnaintained at a level equivalent to six mpnth'5 expenditure. The trustees ron5ider5 that re5erve5 at thi5 level will ensure that, in the Èvent of a si8nificènt drop in funding, they will be able to continue the charity's current attivities while considefalion is 8iven to ways in which additional funds may be ralsed. This figure will also ensure that there are sufficient fvnds should the charity have to cease operations and will cover any redundancv payments. This level of reserves has been maintained throu8hout the year. The trustees have assessed the major risks to which the charityls exposed and are sat15fied that Systems are in place to mitigate exposure to the major risks. ii. THE mA￿HEw 25 MISSION TRUSTEES, REPORT {INCLUDING DIREcfoRS' REPORT} (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structurei governance and mana8ement The charity is a company limited by guarantee and was incorporated on 20 June 2015. The trustees, who a￿ also the dbrectors for the purpose of compary law. and who served durin8 the year and up to the date of slgnature of the financial staiements were.. Stjohnvan Niftrik (Former Chairman) N Morris Ms l Burgess Mr D M Lofthouse Slmon Klrkdale Ichalrmènl Ms J Kirkdale Mrj E Taylor Ms P Oliphant Dr L Flanagan (Resigned 26 October 20241 (Resigned 13 May 20241 IResi8ned 10 February 20251 IReslBned 8 April 20241 (Appolnted 13 January 20251 (Appointed 13 january 20251 Meth¢xl and Appolntrnent ol Trustees The management of the 8oard of Trustee5 is the respon5ibllity of the Trustees who are elected and co- opted under the term$ of the Artlcle5 of Association. The Charlly complies wlth the Code of Good Governance. Vacancles for Trustees are publlcly advertised on the webslte and via medla channels. The advertlsement contalns informatlon about the role and 5kllls and qualltSes requlred. An appllcatlon pack Includes Information about the or8anlsation. a lob descriptlon and a person specificatlon. Application5 to join the Board of Trustees are revlewed by the Board of Trustees. Intervlews for pr05pertive Trustees are conducted by the Chair, and at least one other trustee. All new fru5tees are required to $18n declaration that they are not disqualified from actin8 as a Directortrwstee and that they will devote the necessary time and effort in iheir position. Indurtlon and Tralnln8 of Trustee5 All newty appointed Trustees are directed to the secure online area lin accordance with the charity pollcy to reduce waste and dl8ltise records) where they have access to the governing document, previou$ Board of Trustees minute5, a copy of the important Mission documents concerning policies and the latest management accounts. New Trustees a￿ also encouraged to spend time at the Mlsslon, observing front-line servlces and provldlng an opportunlty to meet with guests, staff and volunteers. All current trustees are volunteers. All Trustees are prowded with ongoing information to enable them to keep their knowledge and skills up- to-date. The appointTnent of tru5tee5 is by the malorlty vote of the exlsting offlce holders. None of the trustees has any beneficial intere51 In the company. All the tru5tee5 are member5 of the company and guarantee to contribute £1 in the event of a windin8 UP. .12. THE MATTHEW 25 M15510N TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 DE￿MBER 2024 ststement of trustees, respon51bllltl¢s The trustees, who are è150 the directors of The Matthew 25 Misslon for the purpose of company law, are re5ponslble for preparing the Trustees. Report and the financial 5tatement5 in accordance with appllcable law and UnSted Klngdorn Accountin8 Standards (United Kin8dom Generally Accepted Accountin8 Practicel. Company Law requlres the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affalrs of the charlty and of the incoming ￿sOurCeS and applicatlon of ￿SourCes, includln8 the Income and expendlture, of the charitable company for that year. In preparing these financlal statements, the tnjstees are ￿qUired to: select sultablè accounting policles and then apply them con515tently,' observe the methods and prlnclples In the Charltles SORP: make jud8ements and estlmates that are reasonable and prudent,. state whether applicable UK Accountin8 Standards have been followed, subject to any materlal departures d15closed and explalned In the financial statement5.' and prepare the financlal Statements on the 8oln8 concern basls unless It Is Inapproprlate to presume that the charlty wlll continue in operatS0n. The trustees are responslble for keeplng adequate accountlng records that dlsclose wSth reasonable accuracy at any time the financial p051tSon of the charity and enable them to ensure that the flnancial statements complv wlth the Companles Act 2006. They are also responsible for safeguardlng the assets of the charlty and hence for taklng reasonable step5 for the prevention and detection of fraud and other irregularities. The trustees, report was approved by the Board of Trustees. Slmairkdale Ichalnnanl Dated: ..1.4.Q4.2&........ -13- THE MArrHEW 25 MISSION INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF THE MArrHEW 25 MISSION I report to the tnJstee5 on my examination of the financial statements of The Matthew 25 Mission (the charStyl for the year ended 310ecèmber 2024. Respon51bllltles and basls of report As the trustees of the chirity land also its directors for the purposes of company lawl you are re5ponslble for the preparatlon of the financlal statements In accordance with the reqU1￿MentS of the Companles Act 2006 (the 2006 Actl. Havlng 5atlsfled myself that the financlal statements of the charity are not ￿qUIred to be audlted under Part 16 of the 2CQ6 Act and a￿ eligible for independent examination. I report In respect of my examln3tlon of the charlty's flnancial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In ¢arryin8 Out my examination I have followed all ihe applicable Directions givÈn by the Charlty Comm1551on under section 1451Sllbl of the 2011 Act. lfidependgnt examlner'5 Statement I have completed my examlnatlon. I confirm that no matters have come to my attentSon In ￿nneCtIOn wfth the examination 8ivlng me cause to believe that In any material respert: accounting records were not kept in respect of the charlty as requlred by section 386 of the 21x16 Act,. or the financial statements do not accord with those records,. or the financlal statements do not comply wrih the accounting requirements of section 396 of the 2006 Act other than any requlrement that the accounts 8ive a true and fair view which is not a matter consldered s part of an independent examination,. or the financial statements have not been prepared In atcordance wlth the methods and princlples of the Statement of Recommended Practlce for accountin8 and reportSng by charities applicable to charities preparlng thelr accounts In atcordante wlth the Flnanclal Reportlng stsndard appllcable In the UK and Republlc of Ireland IFRS 1021. I have no concern5 and have come across no other matter5 in connection wlth the examlnatlon to which attentlon should be drawn In this report In order to enable a proper understandln8 of the financlal statements to be reached. Slnce the charltV$ 8ros5 Income exceeded £250,CIXI your examlner must be a member of a body Ilsted In section 145 of the 2011 Act. I confirrn that l am qualified to undertske the examination because l am member o ociatlon of Chartered Certified Accountants. which is one of the listed bodies. Nathan Coker FCCA Prtce & Companv 30-32 Glldredge Road Eastbourne East Sussex BN214SH Dated.. 14- THE MATTHEW 25 MISSION srATEMENT OF FINANaAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restrtcted funds lunds 2024 2024 Totsl Unre5trirted Re5trirted funds funds 2023 Total 2024 2023 2023 Notes Oonatlons and legacles Chzritable actlvltles Other tradln8 actlvltles Investm&nt5 144.943 145.943 106,11)0 43,021 2,551 112,088 3,750 42,149 1,779 14,394 66,0 126,482 69,750 42,149 1,779 106,100 43,021 2.551 Total Income IX),515 107,1¢)O 297,615 159.766 80,394 240,160 Raising funds 9,371 9,371 8,797 ,797 CharStable activities 157,948 79,705 237.653 124,822 102,OS7 226,879 Total resources expended 167.319 79,705 247.024 133,619 102,057 235,676 Gross transfers between funds N¢t Income for the yearl Net mov•ment In funds 15.3121 5,312 23,196 27.395 50,591 20.835 116,3511 4,484 Fund balances at I January 2024 198,195 25,166 223,361 177,360 41,517 218,877 Fund balance5 at 31 December 2024 221,391 52,561 273,952 198,195 25,166 223.361 The statement of financlal aCtIv￿leS includes all gains and losses recognised in the year. All Income and expendlture derfive from continuin8 activbtles. The statement of financial activitie5 also complies with the ￿qUireMentS for an incDme and expendlture account under the Companies Att 2(K)6. 15- THE MATTHEW 25 M15510N STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets Current assets 14 17,587 20,792 Debtors Cash at bank and In hand 15 6.478 253,917 3.042 209,769 260.395 212,811 Cr¢dltors'. amounts fallln8 due wlthln one year 16 14,0301 110,2421 Net current assets 256,365 202,569 Totsl #ssets less current Ilabllltles 273,952 223,361 Income funds Restrlrted funds Unre5trlcted funds Reservelcontingency fund General un￿strIcted funds 19 52,561 25,166 75.OlXI 146,391 75,¢XJO 123,195 221,391 198.195 273,952 223,361 16- THE mA￿HEw 25 MISSION STATEMENTOF FINANCIAL posmoN (CONTINUED) AS AT 31 DECEMBER 2024 The company is entitled to the exemption from the audit requirement contained In sertion 477 of the Companies Act 2006, for the year ended 31 December 2024. The dlrectors acknowledge their responsibilities for complyin8 wlth the requlrements of the Companle5 Act 2006 wlth respect to accountin8 record5 and the preparation of financial statement5. The members have not required the company to obtsin an audit of its fin?ncLal 5tatement5 for the year Sn question In accordance wlth sertion 476. These financial statement$ have been prepared In accordance wfth the provislons applicable to companles subject io the small companles reglme. The finantlal statements were approved by the Trustee5 on . 14:04:25 Tru$tee Company RegSstratlon No. 09649569 .17. THE MATTHEW 25 MISSION NurES TO THE FINANaAL sTATEME￿r5 FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie5 Charlty infomiatioTh The Matthew 25 Mission is a private company limttèd by guaranteÈ Incorporatèd in England and Wales. The ieglstered office is Brodie Hall. ChT15t Church, Seaside. Eastbourne. East Su55ex, BN22 7NN. 1.1 A¢￿untIng Conventlon The flnanclal statements have been PrePa￿d in accordance with the charlty's Memorandum and Articles of Associaiion, the Companies Art 2¢X)6 and "Accounting and Reportin8 by ChaTitie5.' Statement of Recommended Prartice applicable to charities preparing their accounts Sn accordance with the Financlal Reporting Stsnd?rd applicable in the UK and RepublK of Ireland IFRS 1021 leffectwe l January 20191". The charity Is a Publlc Benefit Entity as defined by FRS 102. The Charlty has taken advantage of the provisions in the SORP for ¢hafitles applying FRS 102 Update 8ulletln I not to prepare a Statement of Cash Flows. The flnanclal statements are prepared In 5terlin& which Is the funrtlonal currency of the chaTIty. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the hi5torlcal cost convention. The princlpal ccountin8 policiès adopted are set out below. 1.2 Goln8 concern Al the time of approvlnB the flnancial ststements, the trustees have a reasonable expertatlon that the charity has adequate resources to continue In operational existence for the fo￿Seeable future. Thus the trustees Continue to adopt the going concern ba515 of a¢countln8 In preparlng the financlal ststements. 1.3 Charltable lunds Unrestricted funds are available for use at the discretion of the tnjstees in furtherance of their charltable oblectives. Unless the funds have been desl8nated for other purposes. Restrlcted funds are subject to specific conditlons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financial statements. 1.4 Incorne Income Is reo)gnlsed when the charity is legally entitled to It after any performance condrtion5 have been met, the amounts can be measured reliably, and it is probable that income will be ￿Ceived, Cash donations am ￿¢¢gniSed on receipt. Other donatlons a￿ recognised once the charlty has been notlfled of the donation. unless perfftjrmance condltlons require deferral of the amount. Income tax recoverable in relation to donations received under Glft Ald or deeds of covenant is reco8nSsed 3t the time of the donation. 18- THE mA￿HEw 25 MISSION NOTES TO THE FINANCIAL STATEMEprrs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountln8 pollcles Icontlnued) Legacies are ￿Cognised on receipt or otherwise if the charity has been notified of an impendin8 distribution, the amount is known. and recelpt is experted. If the amount is not known, the le8acy Is treated as a contingent asset. Revenue Is measured at the falr value of the con5ideratlon received or the receivable and represent5 mounts receivable for goods and services provbded in the normal course of bu5ine55. net of discounts, VAT and other sales related taxes. 1.5 Expendlture Expenditure Is reco8nised once there is a le831 or ¢onstructlve obligatlon to transfer economit benefit to a third party, It is probable that a trnnsfer of economic benefit5 wlll be ￿qUired in settlement, and the amount of the obllgatlon can be measured reliably. ExpendSture Ss classlfled by actlvlty. The costs of each actlvity are made up of the total of direct costs and shared cost5, Including 5UPPOrt cost5 involved in undertakin8 each aclivlty. Direct costs attrlbutable to a sin8le artivity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a sin8le activity are apportioned between those actlvlties on a basis consistent with the use of resources. Central staff costs are allocated on the basls of tlme spent, and deprÈciation ehar8es are allocated on the portlon of the asset's use. Resources expended are reco8nlsed In the perlod In whlch they are Incurred and allocated to the particular cost centre to which they relate and includes irrecoverable VAT. 1.6 Tanglble fixed assets Tanglble fixed a55ets a￿ Inltlally measured at cost and subsequently measured at cost or valuatlon, net of depreclation and ary impalmient losses. Deprecbation is reco8nised so as to write off the cost or valuation of assets less their resldual value5 over their useful lives on the followin8 bases- Fixtures, fittin85 and equlpment Motor vehlcles Bl¢ycles 20% on a straight line basts 20% on a stwaighi line basls In line with market value The gain or1055 arising on the disposal of an asset 15 deterniined as the difference between the sale proceeds and the carryin8 value of the asset. and is re¢o8nised in the ststement of finan¢S3l actlvities. 1.7 Impainnent of fixed assets At each reporting erbd date, the charity review5 the carrying amounts of Tt5 tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such Inditation exists, the recoverable arnount of the a55et is estimated in order to determine the extent of the impairment loss lif any). 19- THE MATTHEW 25 MISSION NOTES TO THE FINANCIAL STATEMENTS (COPItINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Accountln8 polkles Icontlnued) 1,8 C•5h and qsh equlvalents Cash and cash equivalents include cash in hand, deposlts held at call wlth b3nks, other short-term liqtjid investments with ori8inal maturtties of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowlng5 in current liabilities. 1.9 Flnan¢lal Instruments The charity ha5 elerted to apply the Provisions of Sectlon 11 '8aslc Flnanclal Instruments, and section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instrument5. Flnancial Instnjmenis are rècognised in the charity's balance sheet when the charlty become5 Party to the contractual provlsions of the instrument. FSn?nclal assets and liabi1Sties are offset. wlth the net amounts p￿sented in the financlal $t?tement5, when there is a le8ally enforceable right to set off the recognSsed amounts and there Is an Sntentlon to settle on a net basis or to realise the asset and 5tttle the Ilabllity simultaneously. Basic financial assets Baslc flnanclal assets, whlch Include debtors and cash and bank balances. are Inltlally measured at transaction price including transaction costs and are subsequently carrled at amortised ¢ort usin8 the effectlve Interest method unless the arrangement constltute5 a flnanclng transactlon, where the transactlon is measured at the present value of the future recelpts discounted at a market rate of Interest. Flnanclal assets classlfled as ￿ceIVable wlthSn one year are not amortised. Baslc flnanclal Ilablllties 8aslc flnanclal Ilabllltles, Includlng credltors and bank loans are Inltlally recognised at transaction price unless the arran8ement constitutes a financin8 transaction, where the debt instrument is measured at the PTesent value of the futu￿ payment5 discounted at a market rate of interest. Flnan¢lal 1Sabllltle5 classified as payable within one year are not amortised. Debt Instruments are subsequently carrled at amortlsed cost. usln8 the effeCt￿e Interest rate method. Trade creditors are obll8atlons to pay for 8oods or servlces that have been acquired in the ordinary course of operatlons from suppllers. Amounts payable are classified as current liabilitie5 if payrnent is due within one year or less. If not. they are p￿seftted as non-current1iabilltles. Trade creditors are recognised initially at transactlon price and subsequently measu￿￿ at amort15ed c05t U5inB the effective interest method. Derecognition of fsnancial liabilities Financial liabilitie5 ore dereco8ni5ed when the charl￿5 contrartual obligations expire or are discharged or cancelled. -20- THE MATTHEW 2S MISSION OTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounlln8 polkles {Contlnued) 1.10 Employee beneflt5 The c05t of any unused holiday entitlement 15 recognised in the period In whlch the employee's servlces are received. Termination benefrts are recognised immediately a$ an expense when the charity is demonstrablv committed to terminate the employment of an employee or to provide terrnlnation benefits. 1,11 Retlrement beneflts Payments to deflned contrlbutlon retirement benefit schemes a￿ char8ed as an expense as they fall due. 1.12 Unr•5trlct¢d fund¥ All donations and incomin8 re50urce5 receivable for the objects of the charlty wlthout further spedhed purpose are available as general funds. 1.13 RestrScted funds Are to be used for the speclflc purposes as labd down by the donor. Detalls of these funds can be found on note 20. 1.14 Taxatlon In the oplnlon of the trustee5, the trust is not liable to Unlted Kingdom taxation on It'5 charltable activltles. Cvltlcal acm taknition on its activities because all Its Income Is applled for charitable purposes. -27- THE MAThHEW 25 MISSION NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tan8lble foxed assets FIAbJrw. Ilotorv•hl¢lth• •qulpmen¢ Cost At l January 2024 Additions 44.282 5,410 3,615 47.897 5,410 At 31 December 2024 49,692 3,615 53,307 Depre¢l•tlon and lrnpalrnient At l January 2024 Depreclatlon charged in the yegr 23,808 8,Sll 3,297 104 27,105 8,615 At 31 December 2024 32,319 3,401 35,720 C•rryln8 4mtsunt At 31 December 2024 17,373 214 17,587 At 31 December 2023 20.474 318 20,792 15 Debtors 2024 2023 Amounts Pdlllni due wlthln one year: Trade debtor5 Other debtors Prepayments and accrued Sncome 306 4,182 1,9 306 1,340 1,396 6,478 3,042 16 Credltors: amounts fJlllng due wlthin one year 2024 2023 Other taxation and social securtty Accruals 316 2,647 7,595 3,714 4,030 10,242 28- THE MAThHEW 25 MISSION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Retlrement benefit xhemes 2024 2023 OellnÈd contrlbutlon schemes Charge to proflt or loss In respert of defined contribution schemes 1,847 2,849 The charlty operates a deflned contrlbutlon pension scheme for all qualifying employees. The assets of the scheme are held separatety from those of the charfty in an Independently adminlstered fund. 18 Unrestrlrted funds The unrèstrirtèd funds of the charlty comprise the unexpended balances of donations and grants whlch are not subject to specific condttlons by donors and grantors as to how they may be used. These Include deslgnated funds whSch have been Set aside out of Urt￿$trirted funds by the trustees for specific purposes. Al ljanuary 2024 Incomlng re50ur¢¢s Resources expended TrJn5fers At31 D*cember 2024 Reserve/contin8ency fund General funds 75,0 123,195 75,OC 146,391 190,515 1167.3191 198,195 190.51S 1167,3191 221,391 Pre¥lous year. At l January 2023 Intomlng resour￿5 Resources expended Transfers At31 December 2023 Reservelcontigenty fund General funds 75,000 102,360 75,000 123,195 159,766 1133,6191 15,3121 177,360 159,766 1133,6191 15,3121 198,195 The Reservelcontin8ency fund is monies set aside In accordance with best practice to accord with the reseNes policy. -29- rrj r4 sx ¢n In o ) o c* ri f e4 58gg uu 888 0000000 ri O * ri Ln kri ffi &ri rri THE MAThHEW 25 MISSION NOTES TO THE FINANCIAL5TATEMENTS (COPrnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Analysls of net assets between fvnds UnTestrl¢ted fvnds 2024 Restrfrted funds 2024 Total 2024 At 310ecember 2024: Tanglble asset5 Current assetsllllabilrtiesl 5,208 216,183 12,379 40,182 17,587 256,365 221.391 52,561 273.952 Unrestrlrted funds 2023 Restrlcted fvnds ZOZ3 Total 2023 At 31 December 2023: Tangible assets Current assetsllllabilitiesl 6,909 191.286 13,883 11,283 20,792 202,569 198.195 25,166 223,361 21 Flnanclal commltments* iuarantees and contSn8ent Ilabllltles The charity rents shop premises at 198 Seaslde Road at a cost of £550 per month1£6,6tKJ per annuml. The trust also rent premlse5 at Brodie Hall, Eastbourne. on a rolling monthly basls at a C05t of £666.67 per month1£8,COJ per annuml. -35-