Cfrarfty Reglstratlon No. 1179594 Company Regl>tratsn No. 11213803 (England and W•1) HAILSHAM PARISH MISSION TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
HAILSHAM PARISH MISSION TRUST LEGAL AND ADMINISTRATIVE INFORMATION Mr N L Baird Rev T A Cannon Mr C J Dadswell Dr L Garvican Mrs S K F Graham Mr8 J Harden Mrs P J Broc*8 Ch•rlty number 1179594 Comp•ny numb•r 11213803 Prln¢lpal addrn Chanty H(YJBe 22 Upperton Road Eastbourne Ea6t Su$Mx BN21 1BF Regl•i•r•d offlc• Chantry Hou 22 Upparton Road Eastboume EaBI Sus8•X BN21 18F Ind•p•nd•nt ox4mln•r J•cob Birch FCCA 22 Upperton Road Eastboume EA8t Sus8¢X BN21 1BF Bankern BaTd8y8 BBnk Ple 63- 67 T8rmlnuB Rrd EaBlboume Eosl Su$8ex 8N21 3PQ
HAILSHAM PARISH MISSION TRUST CONTENTS Pag• Tru8t¢es' report Slalement of TnJJte•s' i•spon8lknlltieB Independent examlnefi report statement of flnancl81 ar•5 stat•m•nt offin•ndal posNlon Nots8 to the fin¢11 ststemon18 7-13
HAILSHAM PARISH MISSION TRUST TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 TheTNstee8 present their annual r•p¢rt and ff nancial Statements for the year endod 31 Decembèr 2023. The financial staternenls h8ve been prepared In accordance wth the accountlng polldeg set out In note 1 to the flnancial statements and comply with the trust's Momorandurn and Artlcles of Associatlon, the Companies Act 2008 and "Accounts'ng and Reporb"ng by Chants8s'. Statement ol Recornrnended Practice applicable to tharits'es preparing their account5 in accordance wlh the Financial Reporting Standard appycablè in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" Obloctlvo¥ #md •¢tlvlll•s The trust's objecis are to advance the Chrisllan fallh in accordance the Slalemant of Beli•ls in such ways and In suth parts ol the United Kingdom or tho world as the Trustees from time lo rnay think fil. The Trustees h8ve agre•d the most eff•clfv• way to ensure the good news of th¥ Chrisiian g08pel 18 failhfrjlly preached in and around H8il8ham Is.. To 8UPPOrt Hwlsham P8ri$h Church a8 long as It Jhar4s the same doctrln•8, bal15 and v181on by provldlng grant lundlng for the purpo$g of employlng mlnistry Btsff To hold a reseThe of fund8 for the purpoBe of formlng a new independent Churd) In tha futu in accordance with the stalernenl of btrllefs should the Church of England formally move from its hlstoric formulartes In t•m& of Its dothnes, Iltur9y or pr8Ctlce. Them have been no chang•3 to Ih&s• $tr8t•gl•s durfng the year. The TnjJ1e hav• pold du& regard to guldance 18Jued by thè Charlty Comml8slon In deddlng ¥thal actIvI•S th• trust should und?rtak•. A¢hl•vem•nt8 and p•rform•ncè Durfng the year the Tru81 w88 able lo mako lurthor 9rant8 to the PCC of Hail¥ham Parf$h ChuTch IHPCI lotallThJ £38,669 towards the ¢osl ol •mploying a training curate. In addition, fvrth•r gront$ were made to cover the mployrnenl costs of ¥ ¢hildr•n and families worker. The Trustees were pl•88ed to provlde a further £19,147 to be used to fund that work. Oudng 2023 th• Iralnlng curat8 of HPC reached th¢ end ol h1$ racy. Tha Trust has bèen sn ¢onversatlon8 ¥th representativas of the PCC of HPC around providing fin8n¢l81 support lor the employment of an A93OCHtè Vicar for the Church. The rjjrrenl Incumbent of the Church, h8vlng moved from hls role a8 Associate Vicar. hos left a gap in Staffing meoning some aciivibes have been curtailed. Tha Trustees are keen lo support any application for funding whan 8n appolnlrnenl Is rnade 80 83 lo see r•source$ for gospel rnlnisty In Hallsttam grow. Flnanclal r•vlew The Tru$l¢¢$ continue to be arnazed by God's incredlblè provision for the Trust du9 the year and to the conllnulng generosty of an increasing number ol donors. Income for the year arnourd lo £74,365 Includlng donatlons and r818ted gfft ald of £71.444. Exp8ndKure totalled £56,050 leading lo a SUTpIu5 of £18,31512022.' Surplus of £3,6e81. The Trust r>)ntinue8 lo hav• a firm financial footing, with a pool of reserves to b¢ used in the fulure lo forrn ¥ new Church should it prove necèssary. The Trust has e5tabli5hed regular flnanclol support from donors and I11 look to rknnts'nue Svpportlng gospel ministry.
HAILSHAM PARISH MISSION TRUST TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Reserves Policy The trustees can See there may b• a n•8d for an 'lndependènt' Anglican Churth in Hailsham, If th& day ever came when it was no longer p0Sble for Bible4Jelieving Chri5118ns to rernain pgrt of the Churth of England. The Trust will be able lo oper81e as such should the need arise and CDn5id8T it should maintsin a reserve equivalent to an estimate ol six month wnning ¢osts of a new Church. The best e51imat8 of the inilial 6 monlhs, expense8 and setup ¢o$ts is £107,0001è$8 th8 bèst e8llm8te of the Initlal 8 rnonths, regular giwng (curntlY 5,000) rnean8 a res¥Ne of £82,000 should be maintain8d. This raflecls that any c*an9e would not happen overnight and there Would be time to swilch fijrther givlng lo the Twat. The calculation wll be considered by the trusteeB annualty, In light ol any updates to estimates. As at th• balance sheet datts, re8érvès stood 81 £118.21012022'. £99.8951. Rlsk •#•e8•m•nt The Trust8e8 have as8e8$ed the malor rlsks to whlch the trust 18 ey$&d, and ar¢ saUsfi8d that 8ystsms are In placa to mitigate exposur• lo th• major risk8. StN¢tur•. govempn¢• and man•g•m•nt The Iwst Is a MpanY lirnlied by guaranl¢e govemed by its Mernorandurn and Artld•s of As8oclallon, company r•g18tration number 11213803. Th8 Trust l¥ rtrglslered wth the Charty Comml88ion for England and Wale8, re9l8lraUon number 1179594. Th• Trust••8. who are also the directorB for th• purpo88 of company law, and vtho 8•rv•d durlng the y•ar and up lo Ihe date of gnatUre of Iho ftn•nci81 $tatem$nl$ were.. Mr N L Baird Mr R K Booth Rov T A Cannon Mr C J Dad8well Or L Garvican Mrs S K F Graharn Mr¥ J Hardtsn Mr8 P J Brook8 IRe81gn•d 10 October 20231 The Trustees record thelr heartfelt thanks to Roger Botslh for h1$ setvlce and Inslght as TN8lee fjjr HPMT slnce rt'5 Inceptlon. In order to 8nsure ihe Trust rernalnB Indopgndent of the PCC of Hallsham Parf$h Church, Roger withdrew from his TnJsle8ship of HPMT and Colin D8dswell stepped down Irom his rcla en th• PCC 30 ai to remove any implication of conflicts of interest between the charRies. A$ Ihe n8•d arises, prospective new board meMTS wlth sultoble grfts and Bbilltles who $hare the vlsion and bellets of the Trust as set out in the 61atemenl ol falth are racommended by existlng Trust$. 11 %thlling to serve, they are appointed and briefed on the work of the Tw5L None of the Tnjslees has any b¢neficial inlorEsI in the COMNY. Al of the Trustee5 are mefflber8 of Ihe ¢¢mpany •nd guarantee lo conlrlbule £10 In the event of a wnding up. The Trustees. report was approved by the Board of Trustees. Mr C J Dadswell Trust•• Dale..
HAILSHAM PARISH MISSION TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, vtho are al80 th8 dlr8¢tors of Hai18ham Parish Mlsslon TN8t for the purpose of company law, ar• Tesponsible for preparing the Trustee5' Report and the financial ststernents in accordance with appli¢able18w and United ngdoM Accwnling Standards Iunited Kingdom GenerallyAccepl8d Accounting Practice). Company Law requirès thé Trustees to Prepare flnanu81 slalemenls for eaeh finandBI year ge a Iwe and lalr vlew of the state of affalrs ol the trust and of the Incombng resour¢&s and apiCatIon of resour$, induding the income and expendIra, ofthè charilable company for Ih¥t y•ar. In preperlng tha8• finandal ststements, the Trusl8aB we r•qulred to.. - #elect 8ultsbJo accounUng pollde8 and thon 8pply them conslstently,. - obs&rve the m8lhod8 and prlnclpl08 In th• Charfti•s SORP., - make judgements and eBlSmaleg that are r888onabl• gnd prudent., state whether aPFAicablè UK Accounting Standards have betn follow•d, 8ubl8ct to any m4lerlal departurgs dl8doBed and 8xplalntsd In th• finanaal 8tatem8nts', and - prepare the ffnancio18tgtements on the golng w)c•m bal8 Lmless rt18 inApproprfale lo w•8ume thal the trust wll continu• in op•rotlon. The Trustees are responsible lor k*•ping adequate accounllng recd6 th81 disclos8 wth reasonable a¢¢ura¢y al gny time the ffinoncial posillon ol the tru8t and enable ihem lo 8n8ure that lh• financlg18t8temenls cornply wllh the Compan188 Act 2006. Thgy are also responsible for Bafeguarding th• as19 of the truBI #nd hen¢• for laklng reasonable stepB for the prevention and detection of fraud and olher irregularities.
HAILSHAM PARISH MISSION TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAILSHAM PARISH MISSION TRUST I r•port lo the Tru8te?s on my examination of the ffinanclal statemants of Hallsharn Parosh Mi$$lon Trust (the trust for the year ended 31 De¢wnb8r 2023. Responsibllltlej and b•81$ of r•port As the Trustees of the trust land 8150 Its dlreclors for the purposes of company lawl you are re5Fonslblè for the prtparatlon of the financAal slalemenls in accordance the T8quirem?nls of the Companies Act 20C6 Ithè 2006 Having $8li$fi¢d myself that the ffinanclal slalw•nts ol the trust are not requlwd to be audited undor P8rt 16 01 the 2006 Act ond ar8 eligible for Indeptndent èxamination, I report in respect of my examination of the tru$Vs finanaal Blatements carried out under soctifjn 14S ol the Charitie8 Ad 2011 Ilhe 2011 Act). In catyng out my examination I have followed 811 the appll¢at46 Dlrethons givan by the Chirfty Commlsslon under sectbon 14515}Ibl of the 2011 Ad. Ind•p•ndent •xamln•rf¥ si•t•m•nt I have corn8ted my examlnation. I confinn Ihgt no matters have comtr to my attentlon in conneclv)n vAth th• 8yarnln8tlon glvlng me cause lo belleve that In any mat&rial respect.. accountlng rocords re not kept in re9pect olthe tru81 as rfjqulred by sectlon 386 of th• 2008AL,' or th financial statements do not eccord ¥rith those records., or the )InancI81 slal&mants do ncit compty with the accounting requlrements ol gection 396 of the 20Cfj Act other than any requlrement tho1 the accountB givo a twe and falr vlew which Ss not a m8ttetr considered 06 part of 8n independent •xamlnats'on,' or the financial statements hava not b•en prepared in a¢cordane• with the method¥ and prtnciF4•s ol the Statement of R•cornmendad Practi for a¢counllng 8nd r8POrting by chartties 8ppll¢abl8 lo charities preparing Ih?Ir account8 in occordance wrth th• Flnanei81 Reportsng Standard appli018 in the UK 4rLI Republic of Irel8nd IFRS 1021. I havts no coneems and have come acroBB no oth$r mAtt•r8 In conneth'on wlth th• exAmlnatli)n to vthlch attentlJn should bè drawn in th18 report In order lo enable a propar understanding of Iht financial st8temenls lo be reached, J4¢ob Blrch FCCA 22 Upportgn Road Eastbourng Ea$t Susstsx BN21 1BF
HAILSHAM PARISH MISSION TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unr•8trlct•d fund¥ 2023 R¢•trlct fund• 2023 Total Unr••trlet•d fund 2022 2023 Incorng from.. Donailons and le9odeB Invaslm•nts 47,424 2,921 24,20 71.444 2,921 70,244 473 Tot•1 Incom• 50,345 24.020 74,385 70,717 exp•ndltur• on: Charftable activlllej 234 55,816 56.050 67,049 Total exwndltur• 234 55,816 56.050 67,049 N•t Incomell•xp?ndlturn) 50,111 131,7961 18,315 3,888 Tran8th befvmen funds 12 {31.7961 31,796 M•t mov•rn•nt In fundi 18,315 18.315 3,888 R•conclllatlon of funds: Fund balgnr8 at 1 January 2023 99,695 99,895 98,227 Fund balanc at 31 D•¢•mbor 2023 118,210 118.210 99,895 The $t8t¢m¢nl of financial act[lIeS Includes all g8ln8 and IoBBè¥ r•c¢gnl$ed In th8 yeBr. All IrKom• ¥nd exp8ndltur• derlve trom COnnuing acD'yKles.
HAILSHAM PARISH MISSION TRUST STATEPIIENT OF FINANCIAL POSITION ASAT31 DECEMBER 2023 2023 2022 Current a•sots Trado and other ralvable$ Cash at bank and in hand 11 2.126 116,084 1,805 98.090 118,210 99.895 Net currnnt auots 118.210 99,895 Th8 funds of the tN•t Unr88tricted furKI$ 118,210 99,895 118,210 99.895 Tho compony18 enlltled to the eXPtIOn from lh8 audll fequlrement cor)talned In 8ectlon 477 of the Companles Act 2006, for the year ended 31 December 2023. Thg director ackn¢)vAedge8 hor r•apon¥itilitleB for ¢omptylng whh tho reqrements of th8 Compan1•8 Act 2006 with reyct lo a¢¢wntlng record8 and tho preparatlon of flnancS8l stht8ment8. The memb¢rs have not requlred the company to obtaln an aud ol ils1Snandal ststements forthe year In que81ion In attordancè wlth sactlon 476. Thesg finandal slalomènts have been prepared In accordance vAth the provl8lon8 appllcabl• to comp4nle8 8ubj6cl to tho 8moll comp8nle$ raglmo. flnanclal statements wérn 4)pro¥ed by the Thistses cyb.. 13J.Iq12& Rev T A Cannon Trustse Mr C J DadMII Tru8ts0 Company r•gl6tration nUMr 11213803 (England aThJ Wal88)
HAILSHAM PARISH MISSION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢l•8 Company Infomiatlon Hailsham Parish Mission Trust 1$ 8 prlvat• ¢ompany limited ty guarantee incorptsraled in England gnd tsIeS. The feglstsred office18 Chantry House, 22 Upperton Road, Eastbourne, East Su$sex, BN21 1BF. 1.1 Accountlng conven0 The financ4al stolements have been prepared In accordance with thè trusfs Memorandum and Arte$ of Asgodafjon, the Companies Act 2006 and "Accounting and Reportlng by Charities.. Slalem•nl of Roeommended Practice appliCae lo charities preparing Ihtsir a¢¢ounts in accordance wth the Financial Rpporting Standard applicable in the UK and Republ1¢ Cf Ireland IFRS 1021 {effeclive 1 Jartuary 20191. T trust is a Public Benefit Entity as defined by FRS 102. The trust has tsken a¢fvantag• tsf th• prov181$ In Ihe SORP for Chall85 apptylng FRS 102 Update Bulletin 1 not Its prtpara a Slalemenl of Cash Flows. The nnan¢601 stal•menl$ aré prepared in sterfing, whlch is the lunetlonal currency of the trust. Monetary amounis In these Ilnancial slat8montS are rounded to th• nearest £. Th& fln8n¢ial Statements have been prepared under the hl$lorf¢al c08t converfon. The prfndpal accounllng poll¢le$ adoplad are set out below. 1.2 Golng concern At the Ilm• of appron9 the flnondal &taternentB, the Tru8tee¥ hov• a r•a$onabl• •¥p8ciaUon that thè irugl has adoquale resour3 to Continue in operational eStenCe for the for&s¥egble futuro. Thus the TruJlee¥ conllnua to adopt th• goln9 concarn baBIB ol accounllng preparin9 th& finanaal statements. 1.3 Ch•rlt•bl• lundj Unrestricted funds arn avaIlae for use al th• dS8c¥etion of tha Trusl••s in furtherance of Ih•lr charitgbl• objective8. De$lgnalèd fund# compri8e funds ¥thich have been Bel aslde at the di$¢rllon of the Truste88 for 8perAfic purpo$e8. Th• purpo88s gnd uses of the de6wnaled funds a sel rt In th& notes to the financial 8tslementB. Reslrlcled funds are Bubje¢t to Specific conditlons by donors or grantor8 as lo how th8y m8y be used. The purposes and uses of the r¢$lrf¢lgd funds are set out in the noles lo the fln•nd81 statèments. 1.4 Incom• Incorne is rec¢>Jn18ed wh8n th8 trust is leg8lly entllled to it after any p•rform8nce conditions have been met, the amount$ ¢an b¢ m8$ured reliably, and il is probable that Income Mll be recelved. Cash donations are recognised on r¢colpt. Othgr donations are reCognid cffi¢e the tru$1 has b8en notified of the donation, unless performance conditions requlre deferral of the amount. Income lax recoverable in relation to donations received undèr Grtid or deeds of covenant Is r8cogniBe¢J at Ihg Ilm¢ ¢)f the donation. Legaaes are fecognised on Tecebpt or othe1$e rf the trust has been nth'fied of an impendir@ distrfbuuon, the amount is known. and receipt is $xw¢tad. If tha amount is not known, the legacy 15 treated as a contingent asset.
HAILSHAM PARISH MISSION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pullcl•$ (Continuodl 1.6 Expendttur• Liabilities are recognised as exynditure as soon as thtrè Is a legal or constructive obligayon commhting the trust to that expenditure. il is probable that a transfer or •conoml¢ b8n8fit8 will be required in s•tUemenl the amount of the obligation can be measured reliabty. Expendlture l¥ accounted for an accwals ba&s and has been c1885rfied undw hoadlngs that aggregate all cost related to the cale90ry. Where costs cannot be dlr&clly attributed to partlcular hegdlngs they have bean allocated to actfvitl¢$ on a basls consisient vAth the use of r¥$ource$. 1.6 Cash and cash •qulvalents Cash and $h oquivalents Indude cash In hend, d•p091ts held al call wlth banks, otheT short-lerm Ilquld Investmènts with original maturities of thr•• months or188s. and bank overdrafts. Bgnk overdraft3 art showr wlhin borrwng$ in current liabilitie8. 1.7 Fln•n¢lal Instrum•nt• Tha trust has elected to apply thg wovi8ions of Sectlon 11 '8?¢ Finandal Instrumènlo, of FRS 102 lo all of118 financAal InBlrurn#nl8. Flnandal In#lrum¢nt8 ar• reeognlsed In the Iru81'8 balance Bheel when th• trust b8c4Jme8 party lo th8 contractual Pro591 of the instrum•nt. Finandal assets and liability.es ar0 offsat, with the net amounts prèsèntèd in the financial slalements, wh•n there is a legally erilorceable rfghl lo 8et off the recogniBed amoun18 and ihere is 8n inlention lo settle on a net bos18 or to reali8e the 86891 and selllè ih8118blllty simultsn¢ou81y. B•slc fln•ncl•l assets B8slc fln8nug1 assets. whlch include trade an¢J oiher receivableB and cash and bank b81arKe8, gre Inity'ally rnea5ured at ironsacts'on price induding Ir8nsAction costs and 8re subsequently carrled at amoitsed e08t uslng the elledve Interest method unless Ihe arrangernenl ¢¢nslllut6s a financing transactson, Whe the tr8n9adon Is measured at the prèsent value of the future rceipl$ discounted at a mark•t r810 of interest. Flnancial assets cla88lfied a8 recèlvable thIn one year are not 8mortis8d. B•slc fln•nchl li•bllttles B¥$i¢ fin•n¢i81 liabilities, includlng trade and other payabley ar bank loanB are Inltiolly recognId gt Irans8don prlce unl8SS the arrangement constlluies a financing Iran$a¢lSon. wh8r8 the debt In$lrumtsnt is mèasured al the present value ol thè luiura payments discounted at a market rate of inl8re8t. FinoncA81 liabl1e$ d898iffled as payable vAthln on• year ore not amort188d. Debt In8trurnenls are 8ub$equ¢t4 carrfed at omortO8ed co81, uslng the effective Inlre$l r¥lo mgthod. Trade payables are obligats.ons to pay for goods or services Ihat havts been acqulred in the ordinary course of operations from suppliers. Amounts payable are classifi¢d 86 current liabilities if payment is due wthin one year or less. If not, they are presented as non-current Ilabilities. Trade payables are recognised inaNY ¥1 tran5actton 8nd 6ubsaquently measured at amortys&U cost using the effecbv? interest meihod. Derecognltlon ofnn•ncl•l Ilablllties Finèncial liabilities are dere¢ognis8d vthen the trLisI'8 Contrac91 obligations expl or ar8 discharged or cancelled.
HAILSHAM PARISH MISSION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crltlcal accountlng •8tlmat• and judg•m•nts In the appllcafjon of the tnjsts accounting pdlei•s. the Trustees are requlred to make judgements, esNm8t&s and a55umpllons about the carylng amount of assets and Ilabilities that ¥re not readlly apparent Irorn olhar 80urces. The èstimatès and associated assumptions are based on historical oxpeiiench and other factCS thot ar8 considareil to be relevant. Actu81 results may differ from these eslm8lps. Th• èstlmates and underlylng a$$umpJon$ are reviewed on an ongoing ba¥l$. RevlBkJn3 lo x¢ounUng IlmAtès are Tecognised In the perfod In %thich the estimate Is r•vl$éd where Ihe revision aff•cts lY that period. or in the period 01 th? r•vision and future periods •re th• re¥Msion affect8 both current and fijture periods. Incom• from don•tlon• Ind l•gacl•• Unr•strfct•d R•itrl¢tsd lund* fund• 2023 2023 Tot•1 Unrn8trlctod Rmtylctsd lund• lund• 2022 2022 Totsl 2023 2022 Dongtion8 and gift8 Income from 8ffi1I818 pr¢gramme$ 47.291 24.020 71,311 70,130 70.130 133 133 114 114 47,424 24.020 71,444 70.244 70,244 Donotlon• and glft• Don8tlon8 Glft aid r8cover•d 40,578 8,713 23,425 595 64,003 7,308 82.894 7.238 62.894 7,230 47.291 24,020 71.311 70,130 70,130 In¢om& from Inv••tm•nt• Unre•trlet•d Unfejtrlcted fund• fvnd8 2023 2022 Inl¢r¢sl recelvable 2,921 473
HAILSHAM PARISH MISSION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendituro on ¢h•Yttabl• activities Ch•rltabl• •xp•ndltur• Charftable expendthjre 2023 2022 Olrect cost• Grant fundlng of activitles not¢ 61 55,816 86.805 Sharn of support And govgrn•n¢• ¢o•t• l•a• note 7) Support Govomance 144 100 100 56,050 87.049 AnDly•ls by fund Unrestricted fundi R•$tricted fund• 234 55,816 67,049 56,050 87,049 Grnnts payabl• Charttabl• •xpendlturo 2023 Ch8ri18blè exF¢ndllure 2022 Grant8 to Ins1Von5. Support oftralning curate Support ol cf4"Idr•n and families work•r 36,889 19.147 49.400 17,405 55,818 66,80S Support costs allocated to a¢tlvStlo• 2023 2022 Bank chaTges Govemanu costs 134 100 144 1DO 234 244 Charitable eXndItUre 234 244 10-
HAILSHAM PARISH MISSION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocat•d to actlvldes (Continued) 2023 2022 Govern•nc• ¢o•ts ¢omprlv: Ind•pandant &xaMinaon 100 100 100 100 Trugto•• None of the Trustee8 lor Mny p•r80n$ conn8ct•d ¥th th8ml recelved any r•munerallon or b8nofilB frorn the trust during the year. Total 8ggregal• gfvlng r1Ved from the TruBl8es ?d T•lat•d paffj&s w•8 £11,92012022'. £11,275). Employoe• Tho aver89¥ mthlY rwmber of employee& durlng the y•ar 8.. 2023 Numb•r 2022 Number Totsl Ther• were no p10Ye•S vtho8• annual remuneratlon was more than £60,000. 10 T•x•tlon The thaty 18 &xgmpt from taxation on ils advllle8 because 411 Its Incorne Is applled lor charflablè purpw$. 11 Tr•d• ind oth•r r•¢oSvable 2023 2022 Amounts falllng du• wlthln one yoar. Other rKelvabl•s 2,126 1.805 11
HAILSHAM PARISH MISSION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 R•strlct•d fvnds Th• rèstricted lunds of the charity comprfse thè unexpended balance8 of donallon8 and 9rant8 held on trust $ublect to spe¢th¢ ndIOn9 by donor8 as lo how ihey may b8 u$ad. At 1 January 2023 Incomlng R•sourn8 Trn•for• r•8ourc•s •xpendod At31 D•Gemb•r 2023 Hailsham Parl$h Church Slaff 24,020 155,8161 31.798 Hallsh•m Parl¥h Church staff As oudlned Sn the Truste, rep, Ihfj Trust ha$ 2 obl&ctlve8 To support st8rffin9 C08ts for ministry stsff of Hail8ham PariBh Chui¢h IHPCI To rol fund8 for th• formatlon of a new Church should the n•ed 8rl$¢. There had been an ImplIcaOn tht donor8 were Ignorant of thls fact and that the only ?cllvlty W8S to grant lund$ to HPC for mlnlstry staff costs. DUn9 2023 all donors were contacted and aJked to indicaie 51 their giving lo the Tru818hould be re$lri¢t•d only fof use to 5UPPOrt the fundlng of 8t8ff mèmb•r8 at H8i18ham P8rish Church IHPCI. Almost all of those contacted responded wlh almost 95% of r•spondent8 indicating they supported the Truat in a1188peets ol its rninisty. Al vtho indicated they required their giving restrlcled have been treated 89 such and, for Ihe sake of prLbdency, glvlng from any vA)o did not respond has aljo been treated as restricted. AJI re$lrid¥d funds r1Ved were expendtrd In th¥ y94r on gr8nl8 lo tho PCC wth a 8hortrall belng taken from Ihe unrestricted re9•e8. 12-
HAILSHAM PARISH MISSION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Unrestrfcted fund• The unrestricted ol the ¢hoty Comprise the unexpended b8lance$ of donathms and gran15 whkh are nol subject to spedfic condillons by donors and grantors a5 to how thay may be used. The8e Indudè designated fvnds h•v• been set astde out of unre3tncted funds by the trustees for 8perAfic purposej. At 1 January 2023 Incoming R•8ourc r••ource• •xp•nded Transfern At31 D•c•mbor 2023 Independent Church setup General funds 77,000 22,895 5,000 {38.7961 82,000 36,210 50,345 (2341 99,895 50,345 12341 131.7981 118,210 Pr•vlou• y••r. At l January 2022 Incornlng r••ourc R••Ou•S •xpènd•d Tr•nBf•r• At31 00mblI 2022 Indep•ndenl Churth Wup G•nerAI fundB 70.000 28.227 7,000 17,0001 77,000 22,695 70,717 187.0491 96,227 70,717 167,0491 99,895 Indopènd•nt Church setup Th¢ trustees can see there may be a n•ed for an 'lndependent' ChuKh in Hallsham. If the doy ever came en It Was no longer possible for Blble-believing Chrlsllan8 to remaln part of the Church of England. ReBerves have been retalned to cover th8 ¢osts of sebjp and exponditurts for th8 fir8t 8 month5 of the Church, nel of ants'cipaled giving during that period. The reBeTve was adju8t•d to take account of Infi8tionary pressures on COBts und In¢fe&$e8 to monthly gSving. 14 Rel•tsd p•rty trnnaictlona Therè w•re no di$¢108abl8 related party transactions durlng th• y••r12022- none). 13-