```
REGISTERED CHARITY NUMBER: 282159
```
## **`REPORT OF THE TRUSTEES AND`**
```
FINANCIAL STATEMENTS
```
```
FOR THE YEAR ENDED 31 DECEMBER 2024
```
## **`FOR`**
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
```
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12
**----- End of picture text -----**
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2024.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Theobjectofthecharityisthepreservation,repair,maintenance,improvement,upkeep,beautification and
reconstructionofchurches(includingacathedral,abbey,ministerorpriorychurch),chapelsorotherbuildings used
for public worship in Sussex whether belonging to or used by the Church of England or any other religious body.
```
## **`Public benefit`**
```
Thetrusteeshavecompliedwiththeirdutytohavedueregardtotheguidanceonpublicbenefitpublishedby the
Charity Commission in exercising their powers or duties.
```
## **`Grantmaking`**
```
Thecharitymeetsitsobjectivesentirelythroughgivinggrantstoindividualchurches.Applicationsforgrants are
consideredatthemeetingsoftheTrustees.Grantsarecurrentlyconfinedtoworksofessentialrepairstothefabric of
placesofworship,theemphasisbeingonmaintainingthestructure,windandweatherproof.Priorityisgiven to
buildings over 100 years old and of particular historical or architectural interest.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
```
Incomein2024wassignificantlyhigherthanthebudget,despiteacontinuinglowlevelofgeneraldonationsto the
Trust'swork.TheTrustreceivedgrantsfromtwootherorganisationstowardsitswork,amountingto£15,650 overall.
A small legacy of £1,000 was gratefully received.
```
```
Investmentdividendsshowedasmallincreaseover2023tojustabove£75,000,thelargestcontributorto our
income.ThecapitalvaluesoftheTrust'sinvestmentsalsoincreasedfollowingimprovedmarketconditions, the
portfolio showing growth of 2.3%.
```
```
Ride&Strideresultsforthe2024eventshowedasignificantimprovementwithgrossreceiptsofaround £48,000
includinggiftaid,andanetresultofalmost£28,000.Thisisveryencouraging,indicatingtherecentchanges in
operation of the event are bearing fruit.
```
```
The Trust made fourteen grants to churches, totalling £103,000.
```
```
Thepaymentofgrantsonacceptanceofoffers(ratherthanoncompletionofworks)resultedintherebeing no
liabilities for grants at year-end, and a consequent substantial reduction in cash balances.
```
## **`FINANCIAL REVIEW`**
## **`Principal funding sources`**
```
TheTrust'sprimaryfundingsourcesareRide&Stride,investmentdividends,donations,grantsfromotherTrusts and
legacies.
```
## **`Investment policy and objectives`**
```
Therearenorestrictionstothecharity'spowertoinvest.TheTrusteesmanagetheinvestmentportfoliowitha policy
ofmaintainingincomewhilepreservingtherealvalueofinvestments.Amediumtolowriskpolicyisadopted with
investmentssplitbetweenfixedinterest(property)andequitieswithnomorethanabout20%ofthefund being
invested through any one manager. All the managers used have formally adopted an acceptable ethical standard.
```
## **`Reserves policy`**
```
Itisthepolicyofthecharitytomaintainsufficientcashfundstomeetitsanticipatedexpenditureonmanagement and
administration expenses and charitable grants.
```
```
Page 1
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`FUTURE PLANS`**
```
ItishopedthattheTrustwillbeabletoincreaseagainthefundsofferedingrantsduring2025,andpossiblyinvest a
further tranche of cash.
```
```
TheTrusteescanforeseeever-increasingdemandsonparishincome,andthiscombinedwiththe ever-increasing
costsofmaintainingandrepairingvaluablehistoricbuildingsislikelytoleadtoconstantlylargerapplications for
financial support. The Trust's principal objective is to be able to meet these demands as far as it is able.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
TrustDeeddated11August1956asamendedbytheMemorandumofAmendmentdated6June2005and the
Memorandum of Amendment dated 24 March 2022.
```
## **`Recruitment and appointment of new trustees`**
```
A policy has been adopted for the recruitment and appointment of new Trustees and for their induction and training.
```
## **`Decision making`**
```
TrusteesapprovetheReportandAccounts,theinvestmentpolicyandstrategyandmakealldecisionsrelatingto the
Trust.
```
## **`Risk management`**
```
Areviewhastakenplaceofthemajorriskstowhichthecharityisexposedandapolicyputinplacetominimise those
risks.
```
```
Page 2
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`**
```
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
282159
Principal address
Rotten Row House
Rotten Row
Lewes
BN7 1TN
```
## **`Co-Presidents`**
```
The Bishop of Chichester
The Bishop of Arundel and Brighton
The Lord Lieutenant of West Sussex
The Lord Lieutenant of East Sussex
```
## **`Trustees`**
```
Mr Christopher Whittick DL (Chairman)
Mr Jonathan Prichard
Mrs Sara Stonor DL (Vice Chairman)
Mr John Booth DL
Mr Michael Foster DL
Mr Philip Bowden
Mrs Diana Hansen (appointed 27/09/2024)
Mr Anthony Dunnett (appointed 27/09/2024)
Mr Raymond Cocks (appointed 27/09/2024)
```
## **`Secretary`**
```
Mrs Sara Stonor
```
## **`Treasurer`**
```
Mr Philip Bowden
```
## **`Independent examiner`**
```
Sarah Alexander FCA FCCA
Lewis Brownlee (Chichester) Limited
Appledram Barns
Birdham Road
Chichester PO20 7EQ
```
## **`Bankers`**
```
National Westminster Bank Plc
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
..............................................................
```
```
Mr Christopher Whittick - Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`Independent examiner's report to the trustees of The Sussex Historic Churches Trust`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheSussexHistoricChurchesTrust(the Trust)
for the year ended 31 December 2024.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandin carrying
outmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Sarah Alexander FCA FCCA
```
```
Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ
```
```
Date: .............................................
```
```
Page 4
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|||**`2024`**|**`2023`**|
|---|---|---|---|
|||**`Unrestricted`**||
|||**`fund`**|**`Total funds`**|
||**`Notes`**|**`£`**|**`£`**|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`|`2`|**`2,902`**|`3,009`|
|`Other trading activities`|`3`|**`48,395`**|`40,979`|
|`Investment income`|`4`|**`75,178`**|`73,899`|
|`Other income`|`5`|**`15,650`**|`13,150`|
|**`Total`**||**`142,125`**|`131,037`|
|**`EXPENDITURE ON`**||||
|`Raising funds`||**`18,978`**|`18,133`|
|**`Charitable activities`**|`6`|||
|`Charitable Activities (Grants)`||**`104,337`**|`86,142`|
|**`Total`**||**`123,315`**|`104,275`|
|`Net gains on investments`||**`84,861`**|`84,069`|
|**`NET INCOME`**||**`103,671`**|`110,831`|
|**`RECONCILIATION OF FUNDS`**||||
|`Total funds brought forward`||**`2,060,776`**|`1,949,945`|
|**`TOTAL FUNDS CARRIED FORWARD`**||**`2,164,447`**|`2,060,776`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`BALANCE SHEET 31 DECEMBER 2024`**
|||**`2024`**|**`2023`**|
|---|---|---|---|
|||**`Unrestricted`**||
|||**`fund`**|**`Total funds`**|
||**`Notes`**|**`£`**|**`£`**|
|**`FIXED ASSETS`**||||
|`Investments`|`10`|**`2,057,275`**|`1,972,415`|
|**`CURRENT ASSETS`**||||
|`Cash at bank`||**`108,132`**|`166,821`|
|**`CREDITORS`**||||
|`Amounts falling due within one year`|`11`|**`(960)`**|`(78,460)`|
|**`NET CURRENT ASSETS`**||**`107,172`**|`88,361`|
|**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||**`2,164,447`**|`2,060,776`|
|**`NET ASSETS`**||**`2,164,447`**|`2,060,776`|
|**`FUNDS`**|`12`|||
|`Unrestricted funds`||**`2,164,447`**|`2,060,776`|
|**`TOTAL FUNDS`**||**`2,164,447`**|`2,060,776`|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
```
```
Mr Christopher Whittick - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCharitiesAct2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention,withtheexceptionofinvestmentswhichareincludedatmarketvalue,asmodifiedby the
revaluation of certain assets.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthesefinancial statements,
as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
```
```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
```
## **`Fixed asset investments`**
```
Investmentsareincludedatclosingmid-marketvalueatthebalancesheetdate.Anygainorloss on
revaluation is taken to the Statement of Financial Activities.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
`Legacies`
**`OTHER TRADING ACTIVITIES`**||**`2024`**
**`£`**
**`1,900`**
**`1,002`**
**`2,902`**||**`2023`**
**`£`**
`3,009`
`-`
`3,009`|
|---|---|---|---|---|
|||**`2024`**||`2023`|
|||**`£`**||`£`|
|`Gross receipts`|**`44,016`**||`35,757`||
|`Add tax reclaim`|**`4,379`**||`5,222`||
||||||
||**`48,395`**||`40,979`||
|`Returned to Parishes`|**`(18,287)`**
`(17,131)`||||
|`Expenses`|**`(633)`**
`(1,002)`||||
||||||
||**`29,475`**||`22,846`||
||||||
## **`3. OTHER TRADING ACTIVITIES`**
```
continued...
```
```
Page 7
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`4. INVESTMENT INCOME`**
|**`4.`**
**`INVESTMENT INCOME`**|||||||
|---|---|---|---|---|---|---|
|`Dividends`
**`5.`**
**`OTHER INCOME`**
`Spiller Trust`
`Ashburnham Thanksgiving Trust`
**`6.`**
**`CHARITABLE ACTIVITIES COSTS`**
`Charitable Activities (Grants)`
**`7.`**
**`GRANTS PAYABLE`**
`Commitments at 1 January 2024`
`Commitments made in the year`
`Grants withdrawn`
`Grants payable for the year`
`Grants paid during the year`
`Commitments at 31 December 2024`
**`8.`**
**`SUPPORT COSTS`**
`Staff costs (fee)`
`Independent examiner's fee`|**`Grant`**
**`funding of`**
**`activities`**
**`Direct`**
**`(see note`**
**`Costs`**
**`7)`**
**`£`**
**`£`**
**`377`**
**`103,000`**||**`2024`**
**`£`**
**`75,178`**
**`2024`**
**`£`**
**`15,000`**
**`650`**
**`15,650`**
**`Support`**
**`costs (see`**
**`note 8)`**
**`£`**
**`960`**|||**`2023`**
**`£`**
`73,899`
**`2023`**
**`£`**
`12,500`
`650`
`13,150`
**`Totals`**
**`£`**
**`104,337`**|
|||||**`2024`**||`2023`|
|||||**`£`**||`£`|
|||||**`77,500`**||`67,000`|
|||||**`103,000`**||`87,500`|
|||||**`-`**||`(3,000)`|
||||||||
||||||||
|||||**`180,500`**||`151,500`|
|||||**`(180,500)`**||`(74,000)`|
||||||||
||||||||
|||||**`-`**||`77,500`|
||||||||
||||||||
|||||**`2024`**||`2023`|
|||||**`£`**||`£`|
|||||**`-`**||`-`|
|||||**`960`**||`960`|
||||||||
||||||||
|||||**`960`**||`960`|
||||||||
```
continued...
```
```
Page 8
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`9. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norforthe year
ended 31 December 2023.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended
31 December 2023.
```
## **`10. FIXED ASSET INVESTMENTS`**
|**`FIXED ASSET INVESTMENTS`**||
|---|---|
||**`Listed`**|
||**`investments`**|
||**`£`**|
|**`MARKET VALUE`**||
|`At 1 January 2024`|**`1,972,415`**|
|`Revaluations`|**`84,860`**|
|`At 31 December 2024`|**`2,057,275`**|
|**`NET BOOK VALUE`**||
|`At 31 December 2024`|**`2,057,275`**|
|`At 31 December 2023`|`1,972,415`|
|`There were no investment assets outside the UK.`||
|`Cost or valuation at 31 December 2024 is represented by:`||
||**`Listed`**|
||**`investments`**|
||**`£`**|
|`Valuation in 2024`|**`2,057,275`**|
## **`11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||
|---|---|---|
|`Grants payable`
`Accruals and deferred income`|**`2024`**
**`£`**
**`-`**
**`960`**
**`960`**|**`2023`**
**`£`**
`77,500`
`960`|
|||`78,460`|
## **`12. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`At 1/1/24`**
**`£`**
**`2,060,776`**
**`2,060,776`**|**`Net`**
**`movement`**
**`in funds`**
**`£`**
**`103,671`**
**`103,671`**|**`At`**
**`31/12/24`**
**`£`**
**`2,164,447`**|
|---|---|---|---|
||||**`2,164,447`**|
```
continued...
```
```
Page 9
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
||**`Incoming`**|**`Resources`**|**`Gains and`**|**`Movement`**|
|---|---|---|---|---|
||**`resources`**|**`expended`**|**`losses`**|**`in funds`**|
||**`£`**|**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**|||||
|`General fund`|**`142,125`**|**`(123,315)`**|**`84,861`**|**`103,671`**|
|**`TOTAL FUNDS`**|**`142,125`**|**`(123,315)`**|**`84,861`**|**`103,671`**|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Net`**
**`movement`**
**`At 1/1/23`**
**`in funds`**
**`£`**
**`£`**
`1,949,945`
`110,831`
`1,949,945`
`110,831`|**`At`**
**`31/12/23`**
**`£`**
`2,060,776`|
|---|---|---|
|||`2,060,776`|
```
Comparative net movement in funds, included in the above are as follows:
```
||**`Incoming`**|**`Resources`**|**`Gains and`**|**`Movement`**|
|---|---|---|---|---|
||**`resources`**|**`expended`**|**`losses`**|**`in funds`**|
||**`£`**|**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**|||||
|`General fund`|`131,037`|`(104,275 )`|`84,069`|`110,831`|
|**`TOTAL FUNDS`**|`131,037`|`(104,275 )`|`84,069`|`110,831`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|**`Net`**
**`movement`**
**`At 1/1/23`**
**`in funds`**
**`£`**
**`£`**
`1,949,945`
`214,502`
`1,949,945`
`214,502`|**`At`**
**`31/12/24`**
**`£`**
`2,164,447`|
|---|---|---|
|||`2,164,447`|
```
continued...
```
```
Page 10
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||**`Incoming`**|**`Resources`**|**`Gains and`**|**`Movement`**|
|---|---|---|---|---|
||**`resources`**|**`expended`**|**`losses`**|**`in funds`**|
||**`£`**|**`£`**|**`£`**|**`£`**|
|**`Unrestricted funds`**|||||
|`General fund`|`273,162`|`(227,590 )`|`168,930`|`214,502`|
|**`TOTAL FUNDS`**|`273,162`|`(227,590 )`|`168,930`|`214,502`|
```
TheUnrestrictedFundsofthecharitymaybeappliedforanycharitablepurposeatthediscretionof the
trustees.
```
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2024.
```
## **`14. THE SPILLER TRUST`**
```
UnderthetermsofthewilloflateBrigadierJohnSpillertheTrustwasleftasumof£500,000which was
placedinanindependentTrust(theSpillerTrust).ThisTrustisadministeredbypartnersofIrwinMitchell and
theresultinginvestmentportfoliomanagedbyThesisAssetManagement.Theannualincomeisavailable for
distributionbySHCToranyotherlikecharityonapplicationtotheSpillerTrust.Itwillbeusedfora few
substantialgrantswhenrequested.Anyincomenotusedwouldbecarriedforwardforuseinfutureyears and
under particularly worthy circumstances application could be made for a grant out of capital.
```
```
Page 11
```
```
THE SUSSEX HISTORIC CHURCHES TRUST
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`**
|**`2024`**
**`£`**
**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`1,900`**
`Legacies`
**`1,002`**
**`2,902`**
**`Other trading activities`**
`Fundraising events`
**`44,016`**
`Tax reclaim`
**`4,379`**
**`48,395`**
**`Investment income`**
`Dividends`
**`75,178`**
**`Other income`**
`Spiller Trust`
**`15,000`**
`Ashburnham Thanksgiving Trust`
**`650`**
**`15,650`**
**`Total incoming resources`**
**`142,125`**
**`EXPENDITURE`**
**`Other trading activities`**
`Fundraising costs`
**`18,978`**
**`Charitable activities`**
`Sundries`
**`67`**
`Bankline charges`
**`310`**
`Charitable activities (grants)`
**`103,000`**
**`103,377`**
**`Support costs`**
**`Governance costs`**
`Independent Examiner's fees`
**`960`**
`Total resources expended`
**`123,315`**
**`Net income`**
**`18,810`**|**`2023`**
**`£`**
`3,009`
`-`|
|---|---|
||`3,009`
`35,757`
`5,222`|
||`40,979`
`73,899`
`12,500`
`650`|
||`13,150`|
||`131,037`
`18,133`
`396`
`286`
`84,500`|
||`85,182`
`960`|
||`104,275`|
||`26,762`|
```
This page does not form part of the statutory financial statements
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Page 12
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