SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report together with the financial statements for the year 1 January 2025 to 31 December 2025. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required. Objectives and Activities . POLICIES AND OBJECTIVES In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance as to deciding what activities the trust should undertake. b. ACTIVITIES FOR ACHIEVING OBJECTIVES The Trust is principally engaged in preserving, improving and encouraging the appreciation of the architectural and natural heritage in the counties of East and West Sussex. c. ACHIEVEMENTS AND PERFORMANCE - CHAIRMAN'S REPORT Sussex Heritage Trust is a registered charity established in 1977 to preserve, improve and encourage the appreciation of the architectural and natural landscape of Sussex. We do this by: Recognising and celebrating high quality conservation, restoration and new build projects in Sussex Taking a strategic interest in Sussex building and landscape conservation issues Highlighting, surveying, and reporting on Buildings at Risk Working with government agencies, local authorities, and community groups on heritage projects Offering relevant educational opportunities for young people based in Sussex The year 2025 was one of both challenge and transformation for the Sussex Heritage Trust. Financially and operationally, the year was shaped by two defining factors: tragedy and transition. During the first half of the year, a valued member of the Trust team experienced a deeply personal loss. This tragedy was keenly felt throughout the organisation and inevitably impacted operational capacity during an already demanding period. In the lead up to the Annual Awards, the team worked under increased pressure and the Trust incurred additional costs to ensure that delivery and standards were maintained whilst colleagues continued their work through difficult circumstances. The resilience and professionalism shown by the team throughout this period was exceptional Page 2
SUSSEX HERITAGE TRUST LIMITED (A Company Llmited by Guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 2025 also marked a period of significant organisational transition. We said farewell, with enormous gratitude, to our outgoing Chief Executive Helen Reeve, whose contribution to the Trust has been immense, and welcomed Claire Robinson into the role as the organisation enters an exciting new phase. Trustees will recognise that these upheavals have had an effect on our finances. Firstly, as noted above, in order to ensure the smooth running of the Awards we had to expend a considerable sum on overtime by our erstwhile CEO to maintain the momentum. We considered that the reputation of the trust and the Awards programme was of the greatest importance and that these additional costs were therefore justifiable. This was followed by the cost of recruiting a new CEO, and I would like to recognise the assistance of both James Whitmore and Nick Jones in participating in this process. We also had to say goodbye to our administration assistant Genea Pretorius due to long-term sickness. In the short time that she was with the Trust she was instrumental in digitising many of our systems and increasing our efficiency. It followed that we also had to spend further sums on the recruitment process. In consequence of these exceptional circumstances we have had to dip into our reserves and this is identified within the financial report. Notably, the Trust secured a transformational three-year grant from the National Lottery Heritage Fund. This support has enabled the charity to evolve its previous pilot heritage construction skills and bursary programme into a focused initiative aimed at encouraging 16-25 year old construction students to consider careers in heritage skills and conservation retirement. an area facing growing shortages as experienced craftspeople approach Through Heritage Skills Taster Days, young people are introduced to a range of traditional skills before being offered the opportunity to progress into short courses and work placements where aptitude and enthusiasm are shown. This important work has been made possible through the support of the National Lottery Heritage Fund and match funders, alongside key partners including the South Downs National Park Authority, Chichester College Group and the Sussex Community Foundation. The Sussex Heritage Awards also continued to grow in strength, attracting a record number of applications and welcoming almost 400 guests to the Awards Lunch at the Amex Stadium to celebrate excellence in craftsmanship, conservation and design across Sussex. Further positive change came with the appointment of Sarah Nute as the Trust's first Education Officer, a role created through the new funding programme and one which significantly strengthens the Trust's educational capacity and future ambitions. As the year drew to a close, Trustees and staff worked together to shape a new five-year strategy focused on education, training, partnership development and more enterprising, sustainable income generation aligned with the Trust's charitable objectives. Whilst 2025 presented financial and operational pressures, it also laid the foundations for a highly positive future. The Trust enters 2026 with renewed optimism, stronger partnerships, growing educational impact and increasing recognition of the vital role it plays in protecting Sussex's built and landscape heritage for generations to come. Page 3
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 Financial review . REVIEW OF ACTIVITIES There was a loss this year of £27,509 (2024 - loss £17,556). b. INVESTMENT POLICY AND PERFORMANCE The charity holds no investments except as described as Legacy Assets in note 1.17. c. GOING CONCERN After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. d. RESERVES POLICY It is the policy of the trust that it should maintain unrestricted funds that have not been designated for a specific purpose at a level equivalent to six months of expenditure, taking into consideration the trust's two-year activity cycle. The Trustees consider that reserves of this level will ensure that in the event of a significant drop in funding they will be able to continue the Trust's current activities whilst consideration is given to ways in which activity can be continued and additional funds may be raised. The Trustees consider the present level and reserves to be adequate in this respect. Structure, governance and management . CONSTITUTION The company is registered as a charitable company limited by guarantee and was constituted by a Trust Deed on 23 September 1977 and is a registered charity (number 274366). The principal object of the company is to preserve, improve and encourage the appreciation of the architectural and natural heritage in the counties of East and West Sussex. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association to meet the needs of the Trust. c. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity is a company limited by guarantee. The Trust considers the Charity Governance Code for smaller charities and the principles and recommended practice it sets out. Page 4
SUSSEX HERITAGE TRUST LIMITED (A Company Limlted by Guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 d. RISK MANAGEMENT The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. FUTURE DEVELOPMENTS The charity has sufficient resources for the foreseeable future and development plans continue. The expansion of our apprentice and endangered crafts stheme will continue to be developed through new partnerships with local like-minded organisations. We are exploring encouraging environmental considerations and improvements through our planned work. FUNDS HELD AS CUSTODIAN There are no funds held as custodian. MEMBERS. LIABILITY The Members of the company guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up None of the Members has any benefiaal interest in the company. All of the Trustees are Members of the company. This report was approved by the Trustees, on i-J<yJ tsand signed on their behalf by: G L Flight Company Secretary Page 5
Registered number: 01331300 Charity number: 274366 SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) CONTENTS Page Reference and administrative details of the charity, its trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 9-17
SUSSEX HERITAGE TRUST LIMITED (A Company Llmited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees D N Cowan, Chairman J N Whitmore, Vice Chairman C V Anson, VAMBack L S Chan - appointed 21 January 2025 S Chapman, J L Clarke - appointed 24 September 2025 J E T Cooper R N Crook, G L Flight- appointed 29 April 2025 C S Homan - retired 29 April 2025 N S Jones, R D B Pailthorpe J R Pavey- appointed 29 April 2025 Patrons Lord Egremont (President) N H Clutton OBE C Gebbie OBE J D Godfrey V Hancock N J Holland C S Homan ACHJohns G Peters The Lady Renton of Mount Harry Company reglstered number 01331300 Charity registered number 274366 Reglstered offlce Room 42 Chichester Enterprise Centre, Terminus Road, Chichester, West Sussex, P019 8FY Company secretary C S Homan - retired 29 April 2025 G L Flight - appointed 29 April 2025 Independent Examiner LTS Accounting Hillside Crossbush Arundel BN18 9PQ Page 1
SUSSEX HERITAGE TRUST LIMITED (A Company Llmited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Restricted Funds Funds 2025 2025 Total funds 2025 Total funds 2024 Note INCOME FROM: Donations and legacies Charitable activities Investments 34,307 131,854 2112 48,626 82,933 131,854 2112 53,708 97,968 3167 TOTAL INCOME 168 273 48 626 216 899 154 843 EXPENDITURE ON: Charitable activities TOTAL EXPENDITURE 194 162 48 446 242 608 172 389 194 162 48 446 242 608 172 389 NET INCOME I (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES AND NET MOVEMENT IN FUNDS (25,889) 180 (25,709) (17,546) RECONCILIATION OF FUNDS: Total funds brought forward 66 727 21003 87 730 105 276 TOTAL FUNDS CARRIED FORWARD au&3 _ The notes on pages 9 to 17 form part of these financial statements. Page 7
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 01331300 BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note FIXED ASSETS Tangible assets 10 463 CURRENT ASSETS Debtors and other assets Cash at bank and in hand 33,105 190 182 22,311 138711 223,287 161,022 CREDITORS: amounts falling due within one year 12 161729 73 292 NET CURRENT ASSETS 61558 87 730 NET ASSETS 21 CHARITY FUNDS Restricted funds 13 21,183 17,347 Unrestricted funds 13 40 838 70 383 TOTAL FUNDS 21 The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements were approved and authorised for issue by the Trustees on 3 behalf, by: L and signed on their Chairman DN Cowan Treasurer GL Flight The notes on pages 9 to 17 form part of these financial statements. Page 8
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES 1.1 Basls of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. In the application of the company's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from 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. Sussex Heritage Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company. 1.3 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. 1.4 Income All income is recognised once the company has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Page 9
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES (continued) 1.4 Income (continued) Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees, report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include any project management costs of the head office. Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities. Page 10
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES (continued) 1.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank. 1.7 Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follow: Office Equipment- 33 % straight line 1.8 Debtors and other assets Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. The other asset represents a bequest of a painting received by the charity and which has been valued by the trustees at estimated auction value less costs, which will occur when conditions allow. 1.9 Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10 Llabilities and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. 1.11 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 1.12 Donatlons Donations are accounted for when received. 1.13 Membership Membership income is accounted for when received. 1.14 Rent Rental income is accounted for when received. Page11
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES (continued) 1.15 Taxation The company is a registered charity and is therefore exempt from liability to taxation on its income. 1.16 Allocation of costs Administrative support costs are allocated to governance and the cost of generating funds in proportion to the amount of time spent on each activity. Other costs are allocated based on the activity to which they relate. 1.17 Legacy assets The Trust is the freeholder of the Tollhouse at Ashcombe (Title ESX258773). The property is not included in the balance sheet of the Trust as it has no original cost and conventional valuation approaches lack sufficient reliability. The Trust has a freehold reversionary interest in 11111a Market Street Lewes on a 999-year lease from 1 April 1979. The trust has a freehold interest in a fraction of land at 1551156 The Street, Clapham, Worthing (Title WSX2070851WSX198163) The Trust has the benefit of a restrictive covenant on 10 Clifton Hill, Brighton (Title ESX58747). 1.18 Grants Grants are included when notified and matched to the costs against which they relate. 1.19 Donated items The Trust holds a collection of artworks donated by a local Sussex artist, which has no original cost and conventional valuation approaches lack sufficient reliability. The trustees are still considering a methodology to ascertain a valuation as Covid prevented a satisfactory disposal of the collection. Page 12
SUSSEX HERITAGE TRUST LIMITED (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 INCOME FROM DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2025 2025 Total funds 2025 Total funds 2024 Donations and legacies 3.4101: 48,626 2Tr31 517Q.8 Total 2024 Qg.9.4 17Q& Included in donations and legacies is an amount of £4,000 received from The Foyle Foundation towards the Sussex Heritage Trust Bursary Scheme. INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Funds 2025 Restrlcted Funds 2025 Total funds 2025 Total funds 2024 Awards entries and participation Awards support Income from heritage events 80,711 48,786 2357 80,711 48,786 2357 34,129 50,934 13 445 a31 e54 a318.54 _97.96&. Total 2024 INVESTMENT INCOME Unrestricted Funds 2025 Restricted Funds 2025 Total funds 2025 Total funds 2024 Investment income 3,1.6_7 Total 2024 Page 13
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Annual Heritage Awards Local Heritage Heritage Support and Events Education Total 2025 Total 2024 Production costs Property maintenance Education & outreach Support costs Governance costs 142,048 27,944 169,992 124,382 47,174 718 10,055 47,174 14,364 31,508 9,911 3,591 7755 2769 554 11078 6588 Total 2024 71 Expenditure on charitable activities was £202,471 (2024 - £172,389) of which £194,162 was unrestricted (2024 - £140,056) and £48,446 was restricted (2024- £32,333). ANALYSIS OF GOVERNANCE AND SUPPORT COSTS The trust initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between three key charitable activities (see note 5) in the year. Refer to the table below for the basis for apportionment and the analysis of support and governance costs. Support Governance Total Funds Total Funds 2025 2025 2025 2024 General office Subscriptions Trustee meetings Professional fees Independent examination 13,430 934 8,954 22,384 934 14,412 1,263 1,374 750 1,374 750 733 Total 14 44 Total 2024 Page 14
SUSSEX HERITAGE TRUST LIMITED (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 SUMMARY ANALYSIS OF EXPENDITURE AND RELATED INCOME FOR CHARITABLE ACTIVITIES This table shows the cost of the three main charitable activities and the sources of income directly to support those activities. Annual Local Herltage Heritage Heritage Support and Awards Events Education Total 2025 Costs Entries and attendance Direct support Grants (159,858) 80,711 48,786 (34,304) 2,357 (48,446) (242,608) 83,068 48,786 27,244 27,244 Total -oo36.U a31.947) _Lll.2Q2) aai&io) 2024 Costs Entries and attendance Direct support Grants (116,718) 34,129 50,394 (23,338) 13,444 (32,333) (172,389) 47,573 50,394 20,994 20,994 Total -a3Ltsfi) _ (9a9.44 a11.339) a53.428) NET INCOMEI (EXPENDITURE) This is stated after charging: 2025 2024 Independent Examiner's Fees During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL). During the year, no Trustee received reimbursement of expenses (2024 - £Nil). EMPLOYEES There were two employees during the year (2024- two). 10. TANGIBLE ASSETS Office Equipment Cost Additions 654 At 31 Dec 2025 654 Depreciation Charge for the year 191 At 31 Dec 2025 191 Carrying amount At 31 Dec 2025 Page 15
SUSSEX HERITAGE TRUST LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11. DEBTORS 2025 2024 Trade debtors Prepayments and accrued income 20,914 12 191 9,370 12 941 12. CREDITORS: Amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals and deferred income 12,491 1,991 147 247 1,147 1,100 71045 13. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 December 2025 Balance at 1 January 2025 Income Expenditure Unrestricted Funds General Funds - all funds 66 727 168273 194 162 40 838 Restricted Funds Apprentice and Endangered Craft fund 21003 21,003 48 626 48,626 48 446 (48,446) 21 183 21,183 Total of funds STATEMENT OF FUNDS- PRIOR YEAR Balance at 31 December 2024 Balance at 1 January 2024 Income Expenditure Unrestricted Funds General Funds - all funds 72 934 133 849 140 056 66 727 Restricted Funds Apprentice and Endangered Craft fund 32 342 20 994 32 333 21003 Total of funds Apprentice and Endangered Craft fund - To support local individuals in building heritage crafts, training and skills. Page 16
SUSSEX HERITAGE TRUST LIMITED (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS CURRENT YEAR Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Current assets Creditors due within one year 104,424 118,864 223,288 (56,247) (105,482) (161,729) PRIOR YEAR Unrestricted Restricted Funds Funds 2024 2024 Total funds 2024 Current assets Creditors due within one year 140,019 (73,292) 21,003 161,022 (73,292) Page 17
SUSSEX HERITAGE TRUST LIMITED (A Company Llmlted by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2026 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUSSEX HERITAGE TRUST LIMITED (the 'company') I report to the charity Trustees on my examination of the account8 of the company for the year ended 31 December 2025. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,), Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I can confirm that no matters have come to my attention In connection with the examination giving me cause to believe.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act.. or the accounts do not accord with those record8,' or the account8 do not comply with the accounting requirement8 of section 396 of the 2006 Act 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: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concern8 and have come across no other matters in connection with the examlnation to which attention should be drawn in this report in other to enable a proper understanding of the accounts to be reached. Dated. 3 & 2 L Taylor-Stoake8 8A(Hons) FATT Hillside Crossbush Arundel West Sussex, BN18 9PQ Page 6