2022-12-31-accounts

Trustees			Mr J Clark
			Mr J Edwards
			Mr M Jenner
			Mr M Johnstone
			Mr M Milner
			Mrs S Hammond
			luh TButler		(resigned	I/8/21)
			lvh JMarshall
			Reverend Canon IA Egar		(appointed	26/4/22)
Charity	number		220487
Principle	address		5 Waterloo Place
			Lewes
			East Sussex
			BN7 2PP
Independent		examiner	Maxwell Gumbieton 1 West Street	&Co
			Lewes
			East Sussex
			BN7 2NZ
Bankers			Lloyds Bank Pic
			82 High Street
			Lewes
			East Sussex
			BN7 1XW
			Barclays Bank Pic
			The Old Bardt
			High Street
			Lewes
			East Sussex
			BN7 2JP
Solicitors			Mayo Wynne Baxter
			3 Bell Lane
			Lewes
			East Sussex
			BN7 IJU

		Page
Trustees' report		I —2
Independent examiner's	report
Statement offinancial	activities
Balance sheet
Notes to the accounts		6 —14

				Unrestricted	Restricted		Endowment	Total	Total
			Notes	funds	funds		funds f	2022 f.	2021 f
Income aud endowments		from:							0
Voluntary Income Charitable activities Invesunents			3 4 5	42,319 16,245				42,319 16,245 0	25,207 21,960 312
Other income			6
Total income				58,564				58.564	47,479
E~EQ0E 5							8007	8007	7912
Raising funds
Charitable activities			8	65,524				65,524	58,559
Total resources expended				65,524		0	8,007	73,531	66,471
Net incoming/(outgoing)		resources		(6,960)		0	(8,007)	(14,967)	(18,992)
before transfers
Gross transfers between	funds
Net incoming/(outgoing)		resources		(6,960)		0	(8,007)	(14,967)	(18,992)
before other recognised		gains/(Iossns)
Net gains (losses) on invesunents			12	(197)			(114,950)	(115,147)	7],054
Net moveiuent in funds				(7,157)		0	(122,957)	(130,114)	52,062
Funds balances at I January 2022				306,782		0	907,549	1,214,331	1,162,269
Fund balances at 31December 2022				299,625		0	784,592	1,084,217	1,214,331

			2022		2021
		Notes
Fixed assets Tangible assets Investments		13 14		221,369 831,781		215,740 956,592
				1,053,150		1,172,332
Current assets Debtors Cash at bank and in	hand	16	34,366		669 55,822
			34,366		56,491
Creditors: amounts one year	falling due within	17	(3,299)		(14,492)
Net current assets				31,067		41,999
				1,084,217		1,214,331
Capital funds Endowtnent funds	—general	18		784,592		907,549
Income funds Unrestricted funds				299,625		306,782
Restricted funds
				1,334,217		1,214,331

	(Continued)
1.	Accounting policies
	Legacies are recognised on receipt or otherwise ifthe Charity has been notified of an impending distribution, the amount is known, and receipt is expected. Ifthe amount is not known, the legacy is treated as a contingent asset.
1.5	Resources expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category.
	Grants and donations payable —These are payments made to third parties in the furtherance ofthe Charity's
	objectives.
	Governance costs —These comprise all costs involving the public accountability ofthe Charity and its compliance
	with regulation and good practice.
1.6	Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
	Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
	useful lives on the following basis:
	I.and and buildings Fixture and Fittings 100years straight line basis Reducing basis
	The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value ofthe asset, and is recognised in net income (expenditure) for the year.
1.7	Investment property Investment property is measured initially at cost which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are
	recognised in profit or loss. Ifareliable measure offair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going
	basis.
1.8	Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income (expenditure) for the year. Transaction costs are expensed as incurred.
1.9	Impairment offixed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount ofthe asset is estimated in order to determine the extent of the impairment loss (ifany).
1.10	Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdraits are shown
	within borrowings in current liabilities.

1.	Accounting policies (Continued)
1.11	Financial instruments The Charity has elected to apply the provisions ofSection II 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' ofFRS 102to all ofits financial instrunients.
	Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the
	contractual provisions ot' the instmment.
	Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is legally enforceable right to set offthe recognised amounts and when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
	Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initiagy measured at transaction price including tnmsaction costs and are subsequently carried at mnortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one
	year are not amortised.
	Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangenient constitutes a financing transaction, where the debt instruinent is measured at the present value ofthe future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year
	are not amortised.
	Debt instruments are subsequently carried at amortised cost, using the effective interest method.
1.12	Debtors Debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount
	repaid net ofany discounts due,
1.13	Creditors and provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provision are normally recognised at their settlement amount after
	allowing for any discounts due.
	Critical accounting estimates and judgements
	In the application ofthe Charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount ofassets and liabilities that me not readily apparent fiom other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered
	to be relevant. Actual results may differ from these estimates.
	The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both cun ent and future periods.

TY FOR TH NTATION O LlFFE FKOF TO THE F1NA K YEAR ENDE	K RKPARA F THK PO FKES NC1AL STA D 31DECK	T1ON OF OR TEMENT (CO MKBKR 2022	THK CHURCH NTINUED)	AND
				2022	2021
3 Voluntary Income		Unrestricted	Restricted		f.
Donations			0
4 Charitable activities
		Hall hire	Property	Total	Total
			rent	2022	2021
				8
Charitable rental	income	26,994	15,325	42,319	25,207
				2022	2021
5 Investments
Income fiom listed invesunents				16,065 180	18,246 3,714
Interest receivable				16,245	21,960
				2022	2021
6 Other income
					312
Other income					312
				2022	2021
7 Raising funds
Endowment Fund Investment management				8,007 8,007	7,912 7,912
For the year	ended 31December 2021				7,912
Endowtnent Fund

			2022	2021
			f.
Depreciation and impairment			410	221
Rates			467	333
Insurances			2,638	2,369
Light and heat			1,596	738
Cleaning and letting expenses			22,025	14,966
Repairs to Church Hall			2,015	3,110
Equipment purchased			463
Legal and professional	fees		722	1,500
Independent examination			1,500	1,500
Support costs			6,582	2,934
Sundry			175	102
			38,593	27,773
Grant funding of activities (see note 9)			26,931	30,786
			65,524	58,559
9 Grants payable			2022	2021
			f.	8
Grants to institutions:
Lewes Citizens Advice Bureau			5,000	6,000
Fitzjohn Food bank				1,000
Lewes District Churches		Homelink	300	2,000
Lampott Food Bank			2,300	2,500
Lewes Open Door				1,500
Lewes Schools			1,790	5,168
Mailing Food Bank				1,000
StThomas a Beckett for		repair	11,251	10,868
WSWAB (Click)			3,200
Southover Counselling			2,500
Lewes Cooperation	Learning		140
			26,481	30,036
Grants to individuals			450	750
			26,931	30,786

			Unrestricted	Endowment	Total	Total
			Funds	Funds general	2022	2021 f
	Revaluation ofinvestments		0	(122,775)	(122,775)	61,466
	Gains/(loss) on sale of	investments	(197) (197)	7,825 (114,950)	7,628 (115,147)	9,588 71,054
	For the year ended 31		603	70,451		71,054
	December 2021
13	Tangible fixed assets		Fixure &Fittings	Land and	buildings	Total
	Cost
	At 1 January 2022 Additions		6039	217,066		217,066 6,039
	At 31 December 2022		6039	217,066		223,105
	Depreciation and impairment At 1 January 2022 Depreciation charged in the year		0 189	1,326 221		1,326 410
	At 31 December 2022		189	1,547		1,736
	Carrying amount At 31December 2022		5850	215,519		221,369
	At 31 December 2021		0	215 740		215,740

Fixed asset investments
					Listed	Cash in	Total
					investments	portfolio
Cost or valuation
At 31 December 2021					920,045	36,547	956,592
Additions					86,973	6,400	93,373
Valuation changes Disposals					(122,775) (95,409)		(122,775) (95,409)
At 31 December 2022					788,834	42,947	831,781
Carrying amount At 31 December 2022					788,834	42,947	831,781
At 31 December 2021					920,045	36,547	956,592
Fixed asset investments		revalued
The listed investments	have		been included		at their market value at the balance sheet date as provided by
the investment managers,		Dowgate Capital. The historical cost value ofthe listed
invesnnents is 6725,941		(2021 —f733,846).
15 Financial instruments						2022	2021
Carrying amount of financial assets Debt insnnments measured at amortised					cost		669
Equity instruments measured			at cost less		unpainnent	831,781	956,592
Carrying amount of Measured at amortised	financial cost			liabilities		3,299	14,492

16	Debtors
						2022	2021
	Anlounts falling due		lvithin	onc year:
							594
	Trade debtors
	Other debtors						75
	Prepayments	and accmed income					669
17	Creditors: amounts		falling	duc lvithin	one year
						2022	2021
						8	8
	Other creditors					1,609	12,767
	Accruals and	deferred	income			1,690	1,725
						3,299	14,492

							Ivlovement	in funds
					Balance at I	Incoming	Resources	Investments	Balance at 31
					January	fcsoul'ces	expended	gains/losses	December
					2022				2022
	Permanent Endowment		endou'ments funds		8 907,549 907,549		(8,007) )8.» )	(114,950) ~)	784,592 8','
19	Analysis	of	net	assets between fuads		Unrestricted	Restricted	Endolvment	Total
						Irundh	Funds	I/unde
	Fund balances			at 31December 2022 are		represented by:
	Tangible assets Investments					221,369 47,189		784,592	221,369 831,781
	Current	assets/(liabilities)				31,067			31,067
						299,625		784,592	1,084,217