Charity RegRstl'Ation No. 220487 CHARITY FOR THE REI)ARATJON OF THE CHURCH AND SUSTENTATION OF I'HE POOR THE CLIFFE FEOFFEES ANNUAL REPORT AND UNAUDITED FINANCIAL STATF,MF.NTS FOR THE YEAR ENDED 31 DLICEMBER 2024 CHARITY FOR THE REPARATION OF THE CHURCH AND SUSTENTATION OF THF POOR THF CLIFFE FEOFFEES LEGAL AND ADMINISTRATIVE INFORMATIO Ti'usttes Mr J Clark Mr J Edwai'ds Mr M JEni)er Mr lvl Joliiislone Mr M M￿1￿Cl. Mi's S Hlliiiinond Mr l Mai'sliall Reverend Canon J A Egar Chnrity number 220487 5 Waterloo Place Lewes East Sussex BN7 2PP Independent exAMinei' Maxivell Guiiiblelvn & CD I West Siieet Lewes ast Sussex BN7 2NZ CAf Ban1< I,td 25 Kings Ilill Avenue West Malling Iccnt MF.194JQ Mayo Wynne Baxter 3 Bell Lane L¢iYcs Easi Sussex 14N'7 IJU CHARITY FOR THE REPARAI'ION OF THE CHURCH AND SU,STENTATION OF THE POOR THE CLIFFE FEof4FEES LEGAL AND ADMINISTRATIVE INfoRMATION Investment a(Ivisor5 Dowgate Capiial Liinited 5, Gleneagles Coili1 Bi'ighion Road Ciawley West Susscx RH106AD CHARII'Y F()R THF REPARATION OF THE CHURCH AND SUSTENTATION OF THE POOR THE CLIFFE FEOFFTr"F,S CONTENTS PAge Ti'ustets, rti>ort Independent ex2niiner's report StiteTn¢nt of finftncifil xttivities Notes to the aL'L'ounts 6- 14 CHARITY FOR THE RI4 PARATION OF THE CIIURCH AND SUSI'ENTATION OF THE POOR THEI CLIf4FE FLOFFEES TRUSTCI FS, REPORT FOII THE YEI AR ENDED 31 DEI CEI MLIF.R 2024 'Ilie Iriistees prcscnl Ihcir I'LI)Ort a¢counls far Ihe year cnded 31 Deceiiiber 2023 'rhe account5 have preparcil in accordanL# willi tlie dLLouiiIiii8 policics scl ULII in note I lo the accoun1% and comply iviili Rtcotnincndcd PracliLC lipplicablc to charilit5 prepaTing Iheii. accuiiDls in dLcurd&nce wilh Ili¢ FinanLial Rcpoiiiiig 51gndai-d applicablc in the UK und RLpubliL of Irelaiid IFRS 1021 lelleclive l January 20151. Ohjectives Aetivities The Chariiy's objeLis are the repanlion of Sl-l-hoinas-a-llccket Chiirch, Clitye. L¢i¥es and %usielllioll of the poor iviihin the loiYD pal-1￿h¢s of l.cwcs: Cas18u%%eA. Mie Iru51ee5 havc paid due regfird io Buidanet issiicd by the Ch9rity' Commission in de¢iding ivhai aciiviiies Ihe rhayily shoiild uiidcdake. l-he (:hiii'ch Flall in Cliffc High SIKel i5 one of several prop¢rly ￿se1S owned by the Chdi-ily hiid is used a Ineeling plact and eveiii venue thtoughoiit Ihe year. 11 g¢neiales i-Lvenu¢s by cliit rging oiil li) various clubE..4ociclic8, individua15 and 4mall hariiies with Ilie purposc vl'gtnei'ating a sinall finaiicial surpliis atler tovering runiiiiiE COS15. Charii), rtrlies oli tlie 8oud Ivttrk of a Hall ManaEer who oversees all maiteF.q relaled 10 Ilit Flall fiiiancL', IY5ervaiioiis and iiiaiiilcnance incliiding hcRlih aiid safety. Aeliitvtmcnts performfiiiee Cliffe Fcunees is ali alic￿ent charily ftsiindcd in 1603. li exist% 10 supporl Ilie fabric of St Thoina5 a B¢Lkei Chui'ch, Cliff¢ ID Lewts and provide grants in the pai'isli&8 of l.eiYcs lu qualifying cau5e5 Its %upport areas of depi-ivatioL, help iviih dtbi relief nd assisi local individuuls wlio 8iruggl¢ lo iii#ttt a basic siandird ol-living. Thc ChL)I'ch Flall in Lliffc Iligh Sii'eci 1% one of 5Lvertl propcny Assets oivned by Ihc charity aiid is iised as a Ineeliiig place cliariiies iviih Ihe purpose of gejieraling a tnodcsl liiiancial.8ury)1115 al)er cr>vering runlling costs. A rcsidcntiul propcrly uwned by the C'.hai'ity in Ihc town of Lewes is lei to Lei¥es Dislricl CouiiLil OJJ a furiiial le11311Cy 'hL Charity rnade a grani o1.£2,000 lo Ilie Pai-vchial Chuirli G)UnLiI ofsi Thomas al Cliife iviih All Saiiils l.ciTr'es iii ivhich the charity 1% bastd. This grant includ¢5 a coniribulion to il's tnissioii ivork in a(fditivn Iv covcring Ili¢ chiii'Lh IEpair5 and Cliffc Fcoffees ivorks lviih recogni5￿ acLredited or%ani5alivns ivhiLh reL¢ive applic31ioiis for Kssislancc relating lo pDvtily lid siluations ivherc individua15 or households lack suffiLiEnt resources lo InE¢l theii. bd5i¢ needs and p3rlicipalL fully in sociely. Other gTanis Inad¢ dui'ing 2024 i%'ei'e iu Ihe S(?utliciver Cuunsclliiig for El,500, 1.71 ndi)orl fD(K113ank foi- £4,000, Lcwes -loin¢link foi. £6,UOO. l.eiv¢s Uniforin Bank foi. £3.500 lliid Ilie Ciii£¢n AdviLe Buieau fur £2.500. Tlie money oul of the biidgel Ivi charilable giviiig Ilial ivas iiul allocated i¥ill be rnlled over aiid used in 2025. Finincial r¢viEW Income hps iliClEased on Ihe last year. ()uigoing r¢50UT¢es amoiiiiied 10 £55,77012023 £50,9461. on deciyase on Il?e previo115 ycar. Diiriiig Ihe yefir gain tsf£28,15212023 . £9,862 gain) liavL arisen oli Ilie iiiveslineiil puriftrlio. Tlie overnll incre£iSC in Cliirily Teseri?es 15 £62,78412023 £24.452 gdiiJ}. CHARITY fioR I'HE REPARATION OF THF CHURCH AND SUSTENTATI()N OF'fIiE POOR THE CLIFFE FEOFFEES TRUSTLI FS, REPORT (Continued) ri OR THf, YF.AR ENDED 31 DLI CEMJJII R 2024 li Trs ihe policy of Ihe Chdriiy lo Inainlain unrL'%lricled fuiids, whieh liavc iiot been deS1￿2L lcd for a 5peeific use, lo provide lime to liine. Tlie Irusle¢s tonsid¢r Ihai uiirtslriLILd fuiids should bc in Ihe region of £100.OOQ. Tlie C.h&rily rcccived properly aiid shales lo be kepl in perpeluity. Tlie Irusle¢'s policy is lo maiiilain iiicomc ivhil%l pres¢￿in the real V¢ilue olthe ¢mbowe(l assct5. ofdchievinB a rcdsoiiable long-IcrrtTr i)vcrall reiurn 511bjeei 10 a m¢diiiill approach io risk. Tlie Inajor risks 10 ¥vliich Ilie Char￿tY is c.xpostd, as sdenliticd hy Ihc Irusiees ctsniinue to be reviewed and sysleins hove been csl&iblislied lo mitigate thi>%e risk& The Irusiees do nol enlcr inl0 corniiiiiinED15 in LXCCSS ofiheiT available cash resources as a resuli Ihey opttraie in ￿ low risk ¢nviTonmenl. Any drop in income received will be Inaiclicd by an appropriaie reduction iii expcndilure. Tlie Iruslcc5 siock mark¢t pt)Ilfolio is Inevit￿blY subject 10 a d¢kFTeE of risk dn(rf the perforinaiiLe of Dow8alc Capilal l.iiiiilcd is scrulinised iio l¢s% Iliaii quarterly iii respecl of knih incoiiie leycls and cai)iial value5 of Ihe Iriislecs will lake aelion if they coiisidei il lo be appropriale. Structurey Eovei'nknee aDd mRnagenient Tlit Cliarity e￿ablIshed by a deed of fcoffrnent dated 28 February 1603 and was re8l5teTed ivilh Ilie Charitics Cotnmission ()ti 27 Api'il 1964. The Irustces ivho qeiwcd during the year iverc.. Mr J G Clark Mr J EdW￿rdS I r M Jenllcr Mr M Jol)iisione Mr fvl Milner Mrs S Pl(ImInoiid Mr J K1aTsliall Reverend CAnon J A Egar Triisiee% air appDinitd by lh¢ board of iruslees and Ineei regiildrly. Thc Iriislees, I'cport IV￿% approved by Ihe Board of Twslees. Ti'uslee l)al¢d.. CHARITY TrOR I'HF REPARATION OF THE CHURCFI AND SUSI'LNTATION of4 THE POOR THE CLIFFE FF,OFFE4 LS INI)EPENDENT EXAMJNER'S RII PORT TO I'HTr; TIIUSTELI s ofi CHARITY FOR THE REI PARATION OF THI CHRUCH AND SUSTEI NTATION OF THE POOR We report OD the aLLOUnlS of Ilie Chai'ity foi- IhL ycai. eilded 311)ec¢rnbcr 2Q24, 1%,liicli arc scl out on pageq 4 10 14. Resi)tctive i'esponsibilities of tru5tte5 Exiiminei. needed. xaiiiiiie Ihe accoun15 uiidcr scLlioii 145 of Ihe 2011 Act., 14515llbl of Ihe 2011 Ati-, lo slalL wheiher parficiili¢ r tnNtitr8 havc cojnc lo our &iieniion. Bosis of l￿dePendent exAminei S rei)orl Oiii. exaniinalion iva4 carricd oiit in accordii nLe ivilh ihe geiieral DTrTelEions giveii by Ihe Chiirily Coinii)issioii. An ¢xg111inalion li dlsu incliides COn￿lde1'all0n ()t'any uniisufil ilcrnE or di%LI(i%ures in the accounts. and scckingexplallolions fTOlYI yoll as Ir¥islees concerning any such maitet.%. The procediiiys iinclerl&keii do llol provid¢ llll Ilie cvidtnLe Ilial iyould bc rcquii-Lil tn alidii and Lons¢(iuenily no upinion is givtii as 10 wheihei IIIC accuiinis pi'c5¢nl a'live aiid f*ir viLw aiid th¢ iepori is lijniled lo Ihose mallcrs %ei oiil in th¢ 51alemenl beloiv. Yoiii. aiittniion is draivn lo the faci Ihai the Cliai'ily ha5 prepared dcLou1115 in Jccoi-daiicc with Accoiiiiliiig nnd [C￿rtIng by Irelaiid11.'II% 1021 in prctcrcnc¢ lo the AccDunting Reportink by Charitics.. Slalemenl ofReeommended Pi'JcliL¥ issucd on l undcistand Ihal this has been don¢ in order foi. Ihe accouDIs lo providt a Iiue fair vieiv in accordance wilh (icncTrIIy Accti)Icd AcLounltn8 PraLiice effeclive for Tepoiling period5 b¢ginniii8 Dn tsi. aftcr l January 2018. In connection wilh our exatiiinalioii, no mdller has coire 10 oiii. allentiuTri.- Id) vhich givcs us reasonable caiiEe ITr bcliLvc Ilial it) aiiy malcTial Teqpcci Ihc rL'quiTemeiilS-. lo keeii ￿eCOUn11ng Ircord5 in acLLTridaiice with setytion 130 of Iht 2011 Aci., and lo prepait accouiiis wliich accord iyiih the accoiinliiig rword and cDmply with th¢ #ceounling requirctncnl% of Ihc 201 l Act: have not been MLI i)r Ibl reÉ2chLd LU I Wtsi Streei '.2%1 Su%%cx BN7 2NZ CHARITY FOR THE REPAEUTION OF THE CHURCH AND SUSTINTATION OF TIIE POOR STATEMEIYT OF FINANCIAL ACTIVITIES FOR THF, YEAR LNDED 31 DECEMBER 2024 Uiirestrieted Restriiied Endowineiil fujids furs(Is funds Total 2024 TotRI 2023 Notts Incoine all(1 eijdoivments fj'om.. Charitable activities 52,286 15,748 22 52,286 15,748 22 43,546 18.217 Investment5 Oih¢K inLvine Tot41 iiitome C)8,056 68,056 61,763 enditure on.. Raisino fiinds 5,322 5,322 5,976 Charitable a¢tivities 55.770 55,770 50,946 Tolal J'tsoiirces exi)ended 55.770 5.322 61,092 56.922 Net incominglloutgoirtEI resollrces before trgiisfers 12.286 15,3221 6.964 4,841 Gross Iransfei's belweeji fund5 Net iticominElloutgoirtg} i'esources beloi'e othei. recogni8¢d g*inslllossesl 12.286 15.322) 6.964 4,841 Nel gains11ts5sesl oil investinen15 12 56,859 56,859 Net rJiov¢ment in fiiiJ(Is 12,286 51.537 63,823 24.452 Funds balances al l January 2024 310,442 798,227 1,108.669 1,084,217 Fund b.Il#n¢es at 31 Decembei. 2024 322,728 849,764 1,172,492 All iiicoime and expcnditui'c derive from continuing activities. CHARITY FOR THE RFPARATION ()F THF CHURCH AND SUSTENTATION OF THI POOR THli. CLITrFE FF.OFFEES BALANCE SHEET AS AT 31 DLCIMBE¢ 112024 2024 2023 Notes Flxed assets Taiibyible a55eis 13 220,173 910.715 220.771 86J,558 1,130,888 1.084,329 Ciii'rent assets Debtoi's Ca51] at bank and in hand 16 30 45,515 28,783 45,545 28.783 Creditors: ainouD15 falling due ivitlji one ye81. 17 (3,941) 14,443) Net ciirrent assets 41,604 24,340 1,172,492 ,108,669 Capital fiinds EiidowiMei)t fiinds - gei)eral Incon1¢ fuiids Unreslricted funds Restricted lunds 18 849,764 798.227 322,728 310,442 1,172.492 1,108,669 The accouiils wei'e approved by the Triistees on....... Ti'u5te CHARITY foR THE REPARATION OF THE CHURCH AND SUSTENTATION OF THTr, POOR THE CLlt'ill¥ FRS 102 I'Hihtr tliaii Ilie veiEiofft of Ilie Sialeiiieiil of Rtcommcnded l?riiclicc wliich 1.% rcf¢i'red ID The &tcoiittis ai¢ pl￿paled ii) sierliii£, Ivliicli is Ilie funclional ciiyrency of the Charity, Monetary amounis in these rinancial %lalcrn¢iiis are rnundcd ia Ihc iiearesl £. Coing iontern Al the liihe uf dppioving the accoiinis, Ihe 111151ees hhve a rL'asonable e¥pedalitsn Ihai Ihe Charity has adequate resource￿ lo cnnliibiilu in opcrational cxi8iencc for Ilie forEseeable fuiure. TIIu5 Eh¥ Irusiets Loniiiiue lo ddDpI Ihc going wnc¢in basis olaccountlll&J ITi PTep￿ing the accoun15. Chfii'itRblc [￿￿￿5 Unresii'icted fuiids llre available for use al Ilie discl'rlion ot Ihe truEIcc5 in furthcraiice ot their chariiablc objecliv¢s iinless Ihe fyiids liave bL'cn dtsigiialed foi. other PUTPOSCS. Resii'iLied funds are siibjccl 10 specitic coDdilioiis by donor5 as lo how Ihey may be u5¢d.'nie puiyost aiid uses or th¢ i-exiricied fiiiids are 5¢t DUI in Ihe notes of th¢ accoiints. Eiidowineni funds are 511bjccl 10 S￿elf1¢ conditioiis by donors Ihai th¢ ¢apiial musi be mainlained by the Cliai'ii),. Incoinc is rccogni%cd iwhen the Chaiity is legally entitled li aftei. aiiy p¢i'(orinaiice condiiioiis have been Intl, Iht ainounlts c#ii be nieasured reliably, aiid li Is pi'obable thal iiicomt ivill bc rcc¢ived, Cash donations ale recogni5ed on r¢LeipI. Other dona110115 are recognised onc¢ the Lharily ha% becn iioiifi¢d of Ihe donnlions rcccivcd undci. Cjift Aid OF dee(ls of coveiiani Is r¢¢vKnised ai Ilie IilDe ofdoiialioii. CHARII'Y FOR I'HF, REI PARATION OF THE CHURCH AND SUSTENTATION OF THE POOR THL CLIFFE FLOFFF.LS NOTFS TO THE FINANC.IAL STATEMfi,NT {CONTINUED) 40R TAIE YEI AR r,NDfi D 31 DF.cfi.Mf.BER 21124 Aceounlin¥ ytsli¢ies (Continued Legacies are recogiiised on I'eceipl ur uiheiivise il'ilie Charily has bcLli nolifiid oran iinpci)(ling disiribuiion, Ihe Inouiit is kiiown, and receipt is &xpccl¢d. If Ilie ainouni i% nol k-Do%vn, Ihe legacy 15 Iredled d8 d cunliTJgent asset. Resource$ expeiJ(IEd l.i&bililic% are recogni%ed a% rc80urces expended lls soon as there is o legal or consifLicliv¢ obligaliun Lommitting hcadiiigs Ilial aggregalc all Losts rclalcd lo IliRI cRiegory. Grdnls donaiions payable- Thcsc are payinenls mude tll Ihird panie5 in the fiirtherancc of Ihe Charily's objectiv￿. Goveriiancc cosls--I'he5¢ comprise all casts involving ihe public accounlobility of the Charity aiid its L￿t￿p11&11ce Ivilli r¢guliTrtion aiid gwd pi'aLIi¢e. TAngibl¢ fi%td a55ets Taiigible fix¢d asseis are i112lially nieasurtd ai Losl aiid S￿b5C9￿Cn1]Y mea%ur¢d Rl co.%1 or valuation. nei ol depreciation and aiiy impairmcnl Ip.85fS, Deprecialioii 15 recugiiiscd so as lo write off Ihc cost or valiiation of assets le￿ their r¢sidual values over Iheir uscful lives on Iht follthiving b8SIS'. I W year5 51r£TriEht lint basis 'ixttire and fiiiing5 'rhe giiill thr loss ari%it]g on the disposal of assei i.q deierinined the difrertllLe belween Ihe salc proceeds aiid Inv¢5tmoTht propcrty Iiiv¢sliiienl pmpt11y IS 11i¢¥suI'ed iniiially al cost wliich include% purcliase priLL and ally dii'ecily Ii tlribuiable expendiluir. Inve51nitni propcriy Is revalued 10 lis fail. valiie ai eacli repK>I'iiiig dale ajid any Llidiiges in fail. valiie rccoEnised in piofil or loss. basis. Fixed Asset iijve5tmtnts Fixed iiiveslineiils arc iiiiliall>' Ineasured ai transaction price excludiiig Iianbuction c051s are Silb.￿qUen1IY measiiird al fair value al cach i¢porling dale. Clidiiges iji (air valiie are reco8iiiscd in nL* incoine lexpendilurel foi. Ilie year. TrniisacliDlI costs ai'¢ exiiEn5ed as inciiiyed. Iiiipaii'ment of fixed nssets Ca51J 4nd cish equivalent5 invc%iiii¢nl% iiriili origtnal Inaliiiilies of Ihrte moDih5 or Ilss, diid bank i)veidrafts. Bank owerdrafi% arc sliown CHARITY FOR THE REPARATION OF TIIE CHURCH AND SUSTENTATION OF THE POOR THE CLIFFE FF.OliFTr;F,S NOTES TO THF. FINANCIAL STATEMI F.NT (CIIN'fINUED) FOR TIIE YEI AR FNDFD 31 DEcfi.Mfi,BER 2024 Attounling policies Continutdl FinRncial insti'uments Financial in5trumenl8 Yecogntsed in th¢ ChaTlty's balanct sheet when Ihe Chai'ily beconies paity lo IhL BR5iC finAnei%l a.sset$ unl¢55 the arrangcnicnl conslilules o ncing Iraiisaciion, Ivhere the IransaLliOli is meiisured ￿1 the pi¥stiii valiie of Ilit fului-e reccipis discounled al a ittarket rnie of iiiieresl. Financial a55tlE classified a5 receivablc wilhin one year are not ami)riised. Ilasic lin(IDcial liabililics, including credilOFS and bank loans are illltially r¢L(IKnised ai Iransdctioii price uiile55 Iht fululy pa)'iiieDls di8counlcd al a markct raie of inleirsl. Trinancial liabilitie5 classified AS l)&yable lviihin one yeai- arc not amofiised. Dcbt inslniinen15 3rc suh8equeiiily carricd al amortised cosi, IisinB Ilie effectiv# inleresi metliod. 1.12 DebtOl'5 DebtllT8 éirc rccognised 91 Ihe seiilemeni anioiiiii afiei. 4n>, diSLY)unt offered. PIEpayni¢n15 are valucd dl Ihe ainoiiiil repdid nLI ofai)y dis¢oiin15 due. Creditors xnd provision5 Ciyditors and provisioiis ￿re r¢cogni5cd ivhtrL Ihe Cliariiy has a pre%cni tsbltgaiion rcsuliing froin d P£l¥t eveni that ill prolHhly result iii Ilie transfer or runds its a lhi1￿ parly an(1 the tmoui)I due 10 seiile Ilie obli8aliDli call be IneasureJritable aettYilie5 2024 2023 Depreciation and impairnient Rat&% 598 598 964 595 Insiirances 3.069 1.953 15.545 6.919 20 4.683 1,557 15,590 2,251 601 Light and heat Cleaning and letting expen.%es Repairs tn Cliiiirli Hall Equipment puirhased Legal and pl￿resSIonal fees Iiidepeiideiit exaniination Support costs Sundry 40 1,578 5,364 100 36,150 1,500 5,208 427 33,010 Grant funding of aciivities (see nole 91 19,620 55,770 17,936 50,946 9 CJI'ant5 payable 2024 2023 Grants to institutions.. L¢wes Cit1T.ells Advice Biii'eau Leives Di8ti'ict Churehes Hoinclink Lardpori FtM)d Baiik School Uniform Bank St Tlioiiias a Beckett foj. Itpaii. Soiithover Coiinselliii Wellbeiiig Tree CIC Individual Family Siipporl 2,500 6.000 4.000 3.500 2,000 1,500 4.000 10,961 1,500 500 120 975 19,620 17,936 19,620 The charily awai'ds graiit% ta iesidents of all the pai'isl)es of Lewes, Easr Sussex, to alleviale liardship lias ¢onliiiued lo siippoi1 Si TlioTnas-a-BeLkel C'liiiiili in Clifte, Leives aiid oiliei. iieedy cases wiiliiii Lewes -io- CHARITY FOR THf REPARATION OF THL CHURCH AND SUSI'I=, NTATION of4 THI POOR THE CI.IFFTr. FE()FFE,l(,S tYO'l'LS'fo'i'AIE filNANCIAL STATfi MENT (CONTINuf.D) FOR THf. YEI All ENDED 31 DLI Cli MEBER 2024 10 Trustees None of the ti'uslees lor any pei'soi)s connected with them) ieccived any reiniineraiioii nr expenses fi'om Ihe Cliarity during the year. I l Ei mployees There were no employees duriiig the y¢ar. 12 Net Gains1 (lussesl oil hnvestmer]ts Ujirestrieted Endowment Total Total Funds general 2024 2023 Revaluation of inve5tinent5 Gainsl(lossl 011 Sale ol. investments 28,152 28,707 56,8_59 28,152 28,707 56,859 8,173 11.438 19.611 Foi. tlie yeai. ejided 31 Decemhei. 2023 13 T Angible fixed assets Fixui'e & Fi(tiiigs Land and biiildings Total Cost At l Jaiiullry 2024 Additioiis 6,039 217,066 223,105 At 31 Deceinbei. 2024 6039 217,066 223,105 At l January 2U24 Depreciation cliai'ged in the year 566 1,768 221 2,334 598 377 At 31 December 2024 943 1,989 2.932 Carrying amouilt Al 31 Deceinbei. 2024 5096 215,077 220,173 At.1 l Deceinber 2023 5473 215,298 220,771 -li- CHARITY FOR THF. RFPARATION OTr THf CHURCH AND SUSTEI NTATION OF TIIE POOR THE CLIFFI f4EOFFEES NOTEI S TO THE FINANCIAI. STATFMII NT (CONTINuf.D) FOR 'I'HL YLAR EI NDLD 31 DECEI MLI BEI R 2024 13 TaiigibS¢ fixed assets (Contit)iied) The Charity owns properly and laiid originally gifted to tlie ChaTlty to be held in perpetuity iii accoi'dance with the goveiiiiiig document aiid these d&seig foi-ln pai'l of Ilie pei'iiianenl eiidowineiit tunds.I'hese include the old fire slalioii. Ilie chijrch precin¢i and ihc Chiirch hall. The valiie of tliese assets dnd the cosi of improveinents tu iliein has not been included Ilie balalice sheet becaLise, in the opinioii ol'the trLislees, the co%1 of ptvfessionally valiiin(T these assets oiitwcighs the beiiefits io ihe iisei's of the finaiicial stateinents. They are iiTrsui'ed for £410,000 which 15 ari esiiJi)aie of tlieir replaLement cost. 14 Fixed asset inve5tment5 Listed Ca511 in portfolio Total Investtnents Cost oi. vAluation At 31 Deccmbci. 2023 Additions V2￿ luation changes Disposals 819.822 43,736 18,065 863,558 237,216 28.152 {218,211) 28.152 At 31 Deceimber 2024 848,914 61.801 910,715 Cai'rying aTnount At 31 DeLeinbei' 2024 848,914 61,801 910,715 At 31 1)cceinber 2023 819,822 43,736 863,558 Fixed #ssct investments I'¢Vglu¢d The lisied ii)vestinenis liave beeii iiicluded dt tlittii. IililTket value al Il)e balance slieel date as provided by the investingnt mdndgel's, Dowgaie Capital. Tlie hislorical cost value ol'tlie listed investmeiits is £826,166 (2022 £770.4481. 15 Fiiiancial iiistrument.$ 2024 2023 Cai'i'yiiig aniniint of fiiiaiitial Assets 13ebt instriiincnts ii)easured at amortised cii.%t Eqiiity iiistriiiMEnls measiiied at cost less iini)aii'iiient 910,715 863,558 Carrying amount of linanci81 liabilities Mea%ui'ed at ainortiscd cust 4.443 -12- CHARITY fioR THE REI PARATION or THE CHURCH AND SUS'I'EI NTATION OTr I'HE PUO THF CLifFF, FF,OFFF.E,S NOTES TO THF. PINANC.IAL STATF.MENT (CONTINUED) FOR I'HE YCI All LNDEI D 31 DECEMEUF.112024 16 Debtoi's 2Q24 21123 'Irade d¢blors Oilier debiois Pi'epaymeiils and accrued incoiiie 30 30 17 (.'rtditrJl'5.' ￿EllouI)IS falling due within one ycnr 2024 2023 Other creditoi. 2.441 2.943 Accruals and dcfcrr¢d iii¢oni¢ 1.500 3.941 ijoo 18 Li ndnivmenl fund5 The enduiynienl (utM4s represeni Iliost assds whi¢h miisl b¢ held permaiienlly by Ilie Cliayiiy. InLome arising on the endoivmelli funds caTr be used in accordance ivith IhE vbjeLls of Ili¢ Charily and is Iii¢lUd￿ Ds lliireslrici¢d inconie. Any capital gain5 or1055C5 arising on Ihe invesinienis fonn Movein¢nl ID r￿li￿$ Re501LI'L'es exiJendeJ J*nuary 2024 resoknrees Rfftinsaossos Dtci'mbci. 2024 Permiinent enJthiitllL'nl$ End0}￿￿ent fiinds 798,227 79X,227 15,3221 15,3221 56.859 f(1,859 849,7611 849,764 R¢511'irt¢d Lndtlivnicnl FiiTrds Fiiijd balances &1 3 I Deceiiibei. 2024 are represenled by.. 'rangiblc ass¢is 220,173 60,951 41,604 322.728 220,173 YIU.715 41,604 1,172.492 849,764 8,19.764 -13- CHARITY FOR THE IIE4 PARATION OF THE CIIURCH AND SUSTENTATION OF THL POOR THF CLIFFE FEObTrTr F,S NOTF,S TO THf. FINANC.IAI. STATf.MENT (CONTINiJfi,l)) FOR THE YEI AR 14 NDID 31 DEC.EMF.Bfi R 2024 20. Cnpitnl conimitmtnls 'I'li¢ Cliarity, lias no Lapiial c(>minilmcnls al Ilic balancc sheci (laie12023- noncl 21. RelAled partv transaction5 There wer¢ no di5c1053ble r¢lated paity Iraiisaciiens during the yur1202J ntsntl. -14-