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|Contents||Page|
|---|---|---|
|Trustees'
report||1-3|
|Independent
Auditor's|report|4-6|
|Statement
offinancial|activities||
|Balance sheet|||
|Notes to the financial|statements|9-17|
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|The names o|fthe persons who were Trustees at any ti|me during the yea|r were as follow|s:||
|---|---|---|---|---|---|
||Mr E R Bickersteth|||||
||Mr R D Bickersteth|||||
||Dr C R Warren|||||
|The principal|professional
advisers to the Trust are:|||||
|Solicitors|Adams
& Remers|Auditors|Jacob Cavenagh||&Skeet|
||Trinity House||5 Robin Hood Lane|||
||School Hill||Sutton|||
||Lewes||Surrey|||
||East Sussex BN7 2NN||SM1 2SW|||
|Bankers|Barclays Bank Pic|Investment|M a no rbridge|Investment||
||63-67Terminus
Road|Advisers|Management|||
||Eastbourne||25 Ropemaker||Street|
||East Sussex BN21 3NE||London EC2Y 9LY|||
|Investment|Strutt &Parker|Principal|Agmerhurst|House||
|Property|201 High Street|Office|Kitchenham|Road||
|Advisers|Lewes||Ashburnham|||
||Sussex BN7 2NR||Battle TN33|9NB||
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||||||Unrestricted|Unrestricted|Funds||
|---|---|---|---|---|---|---|---|---|
||||||2023||2022||
|||||Note|E||||
|Income from:||||2|||||
|Donations|||||4,|107|1,100||
|Rentals|||||210,885||199,787||
|Investments|||||73,288||68,878||
|Other sources||||||523||493|
|Total income|||||288|803|270|258|
|Expenditure|on:||||||||
|Raising funds|||||143,319||158,744||
|Charitable
activities:|||||||||
|Grants||||10|161,872||133,687||
|Support costs|||||30|002|28|049|
|Total expenditure|||||335|193|320|480|
|Net (expenditure)||before investment||gains|( 46,390)||( 50,222)||
|Net gains on|investments||||234|753|877|869|
|Net income|||||188,363||827,647||
|Total funds brought|||forward||8 D68|288|8 24D|641|
|Total funds carried|||forward||~92 6|51|||
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|FO|R THE YEAR ENDED 5|APRIL 2023 (continued)|||
|---|---|---|---|---|
||||2023|2022|
||||Total|Total|
||||8|8|
|2|INCOME FROM:||||
||Donations||4 107|1 100|
||Rentals||||
||Farm rents||5,150|5,156|
||Cottage rents||205,485|194,381|
||Garden rents||250|250|
||||210885|199787|
||Investments||||
||Dividends
and interest||||
||on listed investments||70,640|67,370|
||Interest on cash deposits||2648|1 508|
||||73288|68878|
||Other sources||||
||Penhurst
Churchyard||523|472|
||Book Income|||21|
||||523|493|
||Total income||285803||
|3|EXPENDITURE ON:||2023|2022|
||||Total|Total|
||||8|F|
||Raising funds||||
||Investment
management||16,321|16,661|
||Property
management||47,836|48,794|
||Property
repairs and|maintenance|73,341|88,257|
||Property
insurance||5821
143319|5032
158744|
||Charitable
activities||||
||Grants —Individuals|and institutions|161872|133687|
||Support costs
Secretarial assistance||24,852|23,397|
||Governance
costs||||
||Audit fee||4,800|4,320|
||Trustees' expenses||350|332|
||||30002|28049|
||Total expenditure||33
3|480|
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|INVESTMENTS|INVESTMENTS|Investment|Investment|Listed||
|---|---|---|---|---|---|
|||properties
6||investments
6|Total
6|
|Market value|at 6 April 2022|7,085,980||1,856,520|8,942,500|
|Additions||||185,355|185,355|
|Disposais
Unrealised
surplus
in the year||41|0270|(203,035)
~184517|(203,035)
234753|
|Market value|at 5April 2023|~70|5Q|~5442||
|Historical cost at 5April 2023||||||
|||||MV|Cost|
|Listed investments
at market value comprised:||||E|6|
|UK equities||||1,438,704|1,157,950|
|Fixed interest|investments|||198,137|215,342|
|Cash awaiting|investment|||17481|17481|
|DEBTORS|2023|2022|
|---|---|---|
||E|6|
|Rents|6,160|4,010|
|Prepayments|3,697||
|Other debtors|83|91|
|CREDITORS|2023|2022|
||E|E|
|Trade creditors|5,457|4,410|
|Deferred
rental income|7,472|7,032|
|Other creditors|359|350|
|Accruals|13067|11700|
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|2023|Balance|||Invest-||Balance|
|---|---|---|---|---|---|---|
||at|||ment||at|
||6.4.22|Income|Expenditure|gains|Transfers|5.4.23|
||6|6|E|6|E|6|
|General reserves
Fixed asset reserves|125,788
8942 50D|288,803|(335,193)|234753|17,680
~17680|97,078
9159573|
|2022|Balance|||Invest-||Balance|
||at|||ment||at|
||6.4.21
6|Income
f|Expenditure
E|gains
6|Transfers
E|5.4.22
F|
|General reserves|154,719|270,258|(320,480)||21,291|125,788|
|Fixed asset reserves|8085922|||877869|~27 291|8942 5DD|
||L240 641|2~7|~320650|~77
6||~68
8|
|8|STAFF COSTS|STAFF COSTS||2023|2022|
|---|---|---|---|---|---|
||Wages and|salaries|||6~7|
||The number|ofemployees|during the year was:|||
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|10|SCHEDULE OF GRANTS|||||||
|---|---|---|---|---|---|---|---|
||Advantage
Africa||||||850|
||Aitken Christian
Services||||||600|
||All Nations
Christian
College||||||500|
||Altitude
Mission||||||500|
||Arts Centre Group||||||500|
||Ashburnham
Chapel||||||1,000|
||Ashburnham
Christian
Trust||||||250|
||Ashburnham
Church PCC||||||1,750|
||Barcombe PCC||||||1,000|
||Beachy Head Chaplaincy|Team|||||750|
||Burning
Heart||||||400|
||Care ForThe Family||||||650|
||Care Trust||||||1,300|
||Chichester
Diocesan Association|||for Family Support Work (FSW)|||1,140|
||Chasah
Trust||||||1,300|
||Chichester
Diocesan Evangelical|||Fellowship|||500|
||Christian
International
Peacekeeping|||||Service|600|
||Christian
Praise Children's||Home||||650|
||East Sussex Prayer Breakfast||||||900|
||Edge Christian
Ministries||||||400|
||Evangelical
Alliance||||||1,846|
||Evangelical
Sisterhood
of|Mary|||||700|
||Freedom
in Christ Ministries||||||1,000|
||Friends ofAshburnham
&|Penhurst|||Churches||900|
||Hastings
Christian
Trust||||||600|
||Hastings Street Pastors||||||600|
||Helping
Point (India)||||||750|
||International
Fellowship
of||Evangelical|||Students|600|
||international
Justice Mission UK|||(IJM)|||800|
||Interserve||||||500|
||LAMA (Life And More Abundant)|||Ministries|||1,250|
||Lambeth
Partnership||||||2,750|
||Latin Link||||||1,400|
||LICC Ltd||||||500|
||Links International||||||3,000|
||London School ofTheology||||||1,000|
||Micah Trust||||||2,500|
||The Minster Fellowship||||||1,700|
||New Destiny Trust||||||5,000|
||Oak Hill College||||||1,200|
||Deca House Ltd||||||300|
||Balance carried forward||||||44,436|
||||||||Page 15|
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|10|SCHEDULE OF GRANTS|SCHEDULE OF GRANTS|(continued)|(continued)|(continued)|||
|---|---|---|---|---|---|---|---|
||Balance brought
forward||||||44,436|
||OMF International||||||2,200|
||Open Doors||||||1,500|
||Oxford inter-Collegiate
Christian||||Union||500|
||Oxford Kilburn Youth Trust||||||600|
||Oxford Pastorate||||||750|
||Penhurst
Church PCC||||||600|
||Penhurst
Retreat Centre||||||1,500|
||Prison Fellowship||||||1,500|
||Release International||||||600|
||Royal Agricultural
Benevolent|||Institution||(RABI)|500|
||Royal British Legion||||||100|
||Scripture
Union||||||300|
||Sharing
Christ Internationally||||||1,500|
||Sidley Baptist Church||||||250|
||Spinnaker
Trust||||||800|
||St Barnabas Hospice (Chestnut||||Tree House)||500|
||St Lukes Healthcare
for|the Clergy|||||1,100|
||StStephen's
Society||||||1,900|
||Sussex Historic Churches||Trust||||650|
||Tear Fund||||||800|
||The Lee Abbey Fellowship||||||300|
||The Stewards'
Trust||||||2,100|
||The Pelham||||||500|
||The Vincent Society (CMJ)||||||650|
||Titus Trust||||||1,000|
||Trinity Fellowship||||||1,200|
||Universities
&Colleges|Christian|||Fellowship||1,200|
||Wonersh
& Blackheath|PCC|||||1,600|
||Wycliffe Bible Translators||||||4,550|
||Youth with a Mission||||||1,000|
||||||||76,686|
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|10|SCHEDULE OF GRANTS (continued)|||||
|---|---|---|---|---|---|
||Charitable
grants to organisations|(as above)||76,686||
||Charitable
grant to the Chichester|Diocesan|Fund (re Rural Officer)|48,115||
||Charitable
grants to individuals
(9|gifts made to individuals)||14,150||
||Miscellaneous:|||||
||Books and publications||||268|
||Holidays and assistance for missionaries,||clergy|||
||and other Christian
workers|||22|653|
||Total of unrestricted
grants|||~161|72|