COUNT ON US
BOOKKEEPING & ACCOUNTANCY LTD
HONEST . RELIABLE . PROFESSIONAL
Hornsea Church Lands Trust
FINANCIAL STATEMENTS
YEAR ENDING
31st December 2023
t.. 01964 535275 e rnark@Eountonu5uk.corn iv countonuguk.com
Seaton GaTr8e. Horn5eè Road. Seaton. E. Yorkshire. HUII 5RII

Hornsea Church Lands
Contents of the Financial Statements
for the year ended 31st De¢ember 2023
Pag8
Refer8nce and Administrative Details
Report of the Trustees
Independent Examlnerfs Report
statement of Financial Activities
Balart￿ Sheet
Notes to the Financial Stat&ments
9-14

Hornsea Church Lands
Reference and Administrative Details
for the year ended 31st DeGgmbèr 2023
The Charity is administered by a maximurn of nine Trustees appointed lor a ten year terrn and
comprising
Ex officio
Rev. C. N. Minett Stevens {Chairmanl
Trustees
Mr. N. D. Stacey
Mr. M. Bateman
Mr. R. G. Wallace
Ms. H. Simms
Mr. J. Moss
Mr. K. Twigg (to 10th November 2023}
Ms. J. Jones
The Rev'd Minett Stevens accepted the position of Chairman of the Hornsea Church Lands Trust las
an ex officio member, a position which is usually held by the Vicar of Hornsea Church).
The VicaTage
Newbegin
Hornsea
East Yorkshire
HU18 1AB
PRINCIPAL ADDRESS
REGISTERED CHARITY
NUMBER
257705
INDEPENDENT EXAMINER
Count on Us Bookkeeping
& Accountancy Limited
Hornsea Road
Seaton
HUII 5RQ
ADVISERS
Bankers
HSBC Bank Plc, l King
Street, Bridlington, Y015
2DL.
Stockbrokers
J.M. Finn & Co,
25 Copthal Avenue
London, EC2R TAH.

Hornsea Church Lands
Report of the Trustees
for the year ended 31st December 2023
The trustees present their report with the financial statements of the charity for the year ended
31st December 2023. Thè trustees have adopted the provisions ol A¢counting and Reporting by
Chaiities". Statemtsnt of Re¢ornmended Practice applicable to charitiès preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective 1 January 20191.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Property
ValualiDns were cairied out on all the properties and land in 2016 and therefore these values remain
unchanged this year.
Atwick Road Field
This f1eld has now been registered with the Land Registry, including vesting the land in the official
euslodian for Charities as were the allotments in 2017.
Allotm¢nts
Rent remains set at £10 for a half plot per annum. There 8re 86 half plots ol which 83 are available lo
rent. The total inGome from the allotments this year was £84012022 £7501, £820 was received from
the rent of 82 half plots with 2 plots vacant and a furthèr £20 arrear5 received in the year. After
deduction of £150 paid to one of the Representatives Trustees for supervision, administration and
rent collection. Costs of £100 for gardening services and other sundry costs a surplus in the year of
£590 arose. With the surplus from the previous year of £408, surplus ¢a5h Df £699 was banked in the
year lo leave cash available for future use of £300.
Rentèd properties
The flats and commercial properties in Market Place Hornsea are managed by Quick and Clarke who
now collect the rents for all these premises and pay the net amounts after management fees and
related ¢osts to the trust periodically. The flats at 7ket Place were not fLJlly let during the year due to
ongoing refurbishments.
Total PTopety rents for the year amounted to £34.071 compared to £34,500 foi 2022.
Propety repairs amounted to £36698 for the year12022 £6,072). Included in the figure is £26,DOO
relating to refurbishment of the Market Place properties.
Application of funds
Grants of £28.172 to Hornsea Parochial Church Council were agreed in the year.
Under the amended G()verning Document. the trustees required to expend 70D/o of the unrestricted
net income for Charitsble purposes. For the year ended 315l December 2023 the trustees have
disregarded exceptional expenditure on properties of £28.000 in calculating the net income available
for charitsble grants. On this basis a grant of £17,004 will be made to Hornsea Parochial Church.
Investment Perfomiance
Investment income has increased by 10Qlo compared to the previous year12022 decr&ase of 30/01
Thè value of investments has increased by 5Qlo compared to the previous year12022 13°/o reduction)
FINANCIAL REVIEW
Reserves policy
Cash reserves at 31st December 2023 are considered sufficient for anticipated needs for the
forthcoming year.

Hornsea Church Lands
Report of the Trustees
for the year ended 31st Dec•mb&r 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Hornsea Church Lands is registÈr&d with the Charity Cornmissioners as The Church Lands in the
Parish of Hornsea and ¢onstituted by Charity Commission scheme dated 12 February 1932 and
amended in January 2023 and January 2024.
As Stated in the Scheme approved by the Charity Commission on 12 February 1932. the two
objective5 are the provision ol funds for the maintenance of the fabric of St. Nicholas ChLJrch,
Hornsea. and the distribution of surplus income to the Parochial Church council for general use as
Church funds. With this in view, the Feoffees have historically maintained two funds. a Fabric Fund
and a General Fund, and this division of lunds has been maintained through the current year.
The Trustees have considered the Commission's guidance on public benefit and are ol the opinion
that this Is fulfilled by the charity's continued support of an establishment for the advancement of
religion.
Rtrcruitment and appolntment of new trustees
The power of appointment of new Trustees to th8 Trust lies jointly with the Parochial Church Council
and existing trustees. New truslees are appointed with a view lo the board of trustees providing the
complementsry mix of skills necessary to perform the trustees, function.
Induction and training of new trusteès
Trustees are encouraged to obtain training so as to increase their skills, such training lo be organised
and funded by the charity.
Approved by order of the board of trustees on 23rd October 2024 and signed on its behalf by:
Revd C N Minelt Stevens - Trustee

Independent Examiner's Report to the Trustees of
Hornsea Church Lands
Indepgnd&nt &xaminer's report to thg trustegs of Hornsea Church Lands
I reporl lo the charity trustees on my examination of the accounts of Hornsea Church Lands Ilhe Trust) for Ihe
year ended 31st December 2023.
Responslbilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with
the requirements of the Charitiès Act 2011 1.the Acl'l.
I report in r8speGt of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carying out my examination I have followed all applicable Directions given by the Charity Commission under
Section 145151{bl of the Act.
Indep&ndent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the èxamination giving me cause to believe that in any material respect:
accounting record5 were not kept in respect of the Trust as required by Section 130 of the Act., or
the aG¢ounts do not accord with those records-, or
the accounts do not comply with the applicable requirements conceming the form and content of accounts
set out in the Charities (Aceounls and Reports) Regulations 2008 other than any requirement that the
accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concems and have come across no othèr matters in Connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the a¢counts lo be reached.
M Elvin MICB PM Dip
Count On Us Bookkeeping &
Accountancy Limited
Hornsea Road Seaton
East Yorkshire HUII 5RQ
23rd October 2024

Hornsea Church Lands
statement of Financial Activities
for the year ended 31st December 2023
2023
Total
funds
2022
Total
funds
Unrestricted
ftjnd
Restricted
fund
Notes
INCOME ANO ENDOWMENTS FROM
Investment income
52,520
11.328
63.848
61,688
EXPENDITURE ON
Raising funds
4.378
57.324
25,447
$2.946
Charitable •ctivitles
Grants
45.176
45.176
162.736
1,282
1,282
2,052
Other
103,782
190,235
Total
99.404
4.378
252 238
Net gainslllosses) on investments
9,497
(18,4641
1380.7851
NET INCOMEI(EXPENDITURE}
127,961)
RECONCILIATION OF FUNDS
Total ftJnd5 brought forward
2,002,196
1,257,117
364,294
1.621,411
TOTAL FUNDS CARRIED FORWARD
1,229,156
373.791
1,602,947
1.621,411
CONTINUING OPERATIONS
All incotme and expenditure has arisen from continuing actlvities.
The notes fom part of these financial statements

Hornsea Church Lands
Balance Sheet
31st December 2023
2023
2022
Notès
FIXED ASSETS
Investments
Inveslmgnls
Investment property
1,050,196
565 000
1,004,753
1.615.196
1,569.753
CURRENT ASSETS
Debtors
Cash at bank and in hand
23,781
53,561
CREDITORS
Amounts falling dug within one year
(36.0301
11,903)
10
NEf CURRENT ASSETS ILIABILITIES}
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,602,947
1,621,411
1,602.947
1,621,411
NET ASSETS
FUNDS
Unrestricted funds
Reslricled funds
12
1,229,156
373 791
1.257,117
1,621.411
TOTAL FUNDS
The financial slalements were approved by the Board of Trustees and authorised for issue on
23rd October 2024 and were signed on ils behalf by..
C N Minett Stevens - TTUStee
The notes form part of the58 financial statements

Hornsea Church Lands
Notes to the Financial Statements
for thè year ended 31st Dècember 2023
ACCOUNTING POLICIES
Bas1$ of preparin9 the flnaDcial ststèments
The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared
in accordance with the Charities SORP IFRS 1021'Accounling and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,.
Financial Reporting Standard 102'The Financial Reporting Standard applicabla in the UK and Republic
of Ireland, and the Ch8rities Act 2011. The financial statements have been prepared under the historlcal
cost convention. with the excèption of investments which 8rè included al market value, as modified by the
revaluation of certain assets.
Income
All income is recognised in the Ststemenl of Financial Activities once the charity has entitlement to the
funds, ff is probable that the income will be received and the amount can be measured reliably.
Expendlturn
Liabilities are recogni5ed as expenditur8 as Soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on
an accruals basi5 and has been classified under headings that aggreg8le all cost related to the category
Where costs cannot be directly attributed to particular headings they have been allocated to activities
on a basi5 Consistent with the use ol resources.
Grants offered subject to conditions which have not been met at the year end dale are noted as a
commitment but not accrued as expenditure.
Investment property
Investrnent property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred lo reserves.
Taxati¢n
The charity is 8xempt from tsx on its charitable activf(1gS.
Fund a¢countlng
Unrestricted funds can be used in accordance with the charitable objectives 8t Ihe discretion of the
Iruslees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity-
Reslriclions arise when spe¢rfied by the donor or when funds are raised for particular restricted purposes.
Further explanatlon of tho nature and purpose of each fund is in¢luded in the notes to the financial
statements.
Investment Income
Stocks and shares quoted on a recognised stock exchange are included in the balance sheet al their mid-
market value al the year end. The variances be￿een marf(et value and the original cost or annual
revaluation of the tnvestments are shown as unrealised investrnent gains or losses in other Charitable
funds.
Each year the movement, as adjusted for additions, is transferred through the statement of financial
activities to other Charitable funds. The differences between the original ¢05t or annu81 valuation and
the proceeds of investments disposed of are shown as a gainlllDssI in the statement of financial activities.
Bank interest is included in the income and expenditure account on an accruals basis.

Hornsea Church Lands
Notes to the Financial Statements - continued
INVESTMENT INCOME
2023
2022
Rental incorne received
1 Market Place, Hornsea
3 Market Place. Homsea
6Flat 1, 5 Market Place, Homsea
Flat 2. 5 Market Place, Hornsea
Flat 3, 5 Market Place, Hornsea
7 Market Place, Hornsea
9 Market Place, Homsea
Cheeseman's Farm - Clark
lolments
3,450
5,058
4,950
3,268
5,225
5.310
650
5,090
3.OOCI
6.435
5,850
4,08S
4,800
4,400
5,090
34.071
34,500
29.777
27.188
Portfolio income
63,848
61.688
RAISING FUNDS
2023
2022
13,523
6,073
2,037
Portfolio management
Propèrty repairs and expenses
Insurance
Property management
12,303
36,698
2,507
57,324
25,447
GRANTS PAYABLE
2023
2022
£162
736
4S.176
Grants
The total grants paid to institutions during the year was as follows..
2023
2022
£162,
736
Homsea Parochial Church Council
45.176
10

Hornsea Church Lands
Notes to the Flnancial Statements - continued
SUPPORT COSTS
Governance
costs
Other resources expended
Support wsts. included in the above, are as follows..
2023
Total
activities
65
Bank charges
Independent examinerfs fees
TRUSTEES. REMUNERATION AND BENEFITS
There wer8 no trustees, remuneration or other benefrts for the year ended 31st December 2023 nor
for the year ended 31st December 2022.
Trusteas. expenses
There were no trustees. expenses paid for the year ended 31st December 2023 nor for the year
ended 31st December 2022.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1st January 2023
Additions
Disposals
Change in m8rket value
At 31 st December 2023
1,004,753
239,596
(215,6231
NET BOOK VALUE
At 31 st Dècember 2023
There wer8 no investmènt assets outsida the UK.

Hornsea Church Lands
Notes to the Financial Statements - continued
INVESTMENT PROPERTY
FAIR VALUE
At 1 st January 2023
and 31st December 2023
NET BOOK VALUE
Al 3.15t December 2023
At 31st DecembeT 2022
Historical cost at 31 December 2023 was £155.503. The property was valued by Leonards Chartered
SuNeyors on an open market basi5 in 2016.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
Rental income
Investment income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
other creditors
11.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fijnd
2023
Total
fvnd5
2022
Totsl
funds
Restricted
fund
1,250,902
14,284
{36,030)
364,294
9,497
1,615,196
23,781
1,569,753
53,561
Investments
Current assets
Current liabilities
1,229,156
373,791
1,602,947
1,621,411
12

Hornsea Church Lands
Notes to the Financial Statements - continued
12.
MOVEMENT IN FUNDS
Net
movement
in funds
Al
31.1223
At1.1.23
Unrsstricted funds
General fund
1.229.156
1,257,117
127,961)
Restricted funds
Restricted IFabricl Fund
364.294
9,497
373.791
1602947
TOTAL FUNDS
1.621,411
Nèt movement in funds, included in thè above arg as follows..
Incoming
resources
Resources
expended
Gains and
1055es
Movement
in funds
UnrgStrl¢ted funds
General fund
18,923
(27,961)
52,520
{99.404)
Rèstrieted funds
Restricted (Fabric) Fund
11.328
(4,3781
2.547
9,497
TOTAL FUNDS
1103.7821
21,470
{18.4641
Comparatlves for movement in funds
Net
movement
in funds
At
31.1222
At1.1.22
Unrestricted funds
General fijnd
1.397,274
1140,1571
1,257,117
Restrlcttd funds
Restri¢ted IFabric} Fund
604,922
1240,6281
364.294
TOTAL FUNDS
2,002,196
1380,7851
1.621,411
13

Hornsea Church Lands
Notes to the Financial Statements - continued
12.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds. included in the above are as follows..
Incoming
Resources
resources
expanded
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
50,825
122,653)
1168.3291 1140.1571
Restrlcted funds
Reslricled (Fabric) Fund
10,863
{167,5821
{83,9091 1240,6281
252 238
TOTAL FUNDS
13.
RELATED PARTY DISCLOSURES
There were no related party transactions for the yeaf ended 31st December 2023.
14