# ## |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|