Charity registration number 1098281
Company registration number 04765158 (England and Wales)
LIVING STONES, EASTBOURNE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
LIVING STONES, EASTBOURNE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
T Jackson
M Relf
Mrs R Jones
Mrs C Fredriksson
R Kelly
Charity number
1098281
Company number
04765158
Registered office
Community Wise
Ocklynge Road
Eastbourne
East Sussex
BN21 1PY
Independent examiner
Holland Harper LLP
26 High Street
Battle
East Sussex
TN33 0EA
LIVING STONES, EASTBOURNE
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 13
LIVING STONES, EASTBOURNE
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's memorandum and articles of association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The Charity's objects are the advancement of the Christian faith in Eastbourne, the UK and the world. The charity also seeks to give relief to persons in need, to advance the Christian education of young people and also to play an active role in social transformation.

 

Through worship and prayer, learning about the gospel and developing their knowledge and trust in Jesus, we try to help people to live out the good news of Jesus in the community, enabling them to see how our faith affects our relationship with God, other people and the environment. Our outreach work is part of our desire to bring holistic transformation to our communities.

 

 

Achievement and performance

Charitable Activities

 

The activities of the Charity continue to be expressed through our two congregations, each with their own character and leadership. The visible expression of these congregations is their regular Sunday worship. Old Town Community Church (OTCC) meet at Old Town Community Centre with Living Stones Community Church (LSCC) meets at the Community Wise Centre. These gatherings are characterised by engaging worship, prayer and relevant bible teaching within an informal setting which encourages participation of all. Children and families play an important part in the life of one congregation and both congregations also seek to be safe places for marginalised and vulnerable people. The power of the gospel of Jesus to transform lives is at the heart of all we do and are. Community engagement is a key part of our vision and purpose, with activities throughout the year to engage and bless the community both in Old Town and across Eastbourne.

 

 

 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. The Charity is a Public Benefit Entity.

LIVING STONES, EASTBOURNE
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

Old Town Community Church

 

The congregation, which consists of around 30 regular attendees, meets on Sunday mornings. The Sunday meetings this year have been focused on the life of Jesus, with an in depth look at the parables he shared, along with a series on the impact Jesus had on the lives of the people he encountered while he was on earth.

The church has expanded its corporate prayer opportunities, with a Thursday morning meeting alongside the long-standing Tuesday evening Zoom prayer meeting. The church now also offers a monthly shared lunch for regulars and visitors.

Old Town’s Tuesday Friendship Café is flourishing, with around 20 regulars meeting for fun and friendship as well as to support each other where needed.

The church regularly welcomes speakers from the various charities and groups that we support to bring us up to date with their current needs.

 

Regular ‘teaching’ services are interspersed with a week when the fellowship celebrates Communion and another week when they have an opportunity to share personal testimonies. 

 

The four Home Groups continue to meet regularly for Bible study, prayer and fellowship.

 

The weekly time of ‘chaplaincy’ on Albert Parade continues despite one member having been very poorly, other folk from OTCC or other churches have maintained the witness.

 

OTCC took the lead in organising domestic abuse training, which was offered to churches from across the town. The sessions focused on spotting the signs of abuse both in and out of the church context and providing appropriate support.

 

The church’s leadership group now consists of four members who meet fortnightly to plan for upcoming services and to address pastoral and practical issues as they arise.

 

Living Stones Community Church

 

Living Stones has seen a year of growth and change.

The Sunday meetings are attended by between 30 and 50 people. The church continues to be a beacon for those who might be considered on the margins of society, which has given many of the fellowship new opportunities to engage and support them.

The church’s rhythm sees a café-style service on the first Sunday of the month, with Communion on the third Sunday. On the second and fourth Sunday, a combination of home-grown and guest speakers focused on the book of 1 Peter.

Children and families continue to be a major focus on the church and its outreach. Alongside weekly Sunday school and family time slots, community outreach includes the ever-popular Livewires Youth Club and School’s Out craft activity mornings.

The annual Church Camp at Dalesdown attracted some 50 campers of all ages. Emma McPhail provided the morning talks, looking at the importance of rest to re-energise and reinforce relationship with God. Camp remains highly popular with the younger members of the church and assorted children from friends and family who join for the weekend.

Five Life Groups continue to meet regularly, providing teaching, reflection and pastoral care. The groups are not following a specific theme, with some focusing more on prayer and support while others focus on Bible study.

The men of the church meet occasionally for meals together including breakfasts with speakers.

LSCC’s alternative Hallowe’en evening was again a very popular occasion with more and more local families joining. We are glad to be able to co-ordinate with other churches in Old Town for this. Leadership prayer lunches with other churches in Old Town have been welcome chances to share information, discuss issues of common concern and to plan events when we can work together.

LIVING STONES, EASTBOURNE
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

 

Several folk still support and volunteer with Community Wise, our sister charity, which is going from strength to strength. A great development has been our provision of Food and Friendship parties for the students and staff of the weekly school of English.

Living Stones joined the domestic abuse training coordinated by Old Town Community Church.

Church leaders Rob and Caz Kelly meet regularly with Martyn and Sue Relf, erstwhile leaders of 40 years, as well as the SAGE team to ensure a range of views and inputs are represented in the running of the church.

 

Financial review

 

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to two month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Charity is a company limited by guarantee and is therefore governed by a memorandum and articles of association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

T Jackson
M Relf
Mrs R Jones
Mrs C Fredriksson
R Kelly

The board has the power to appoint new trustees who can only be appointed if they are familiar with the affairs of the charity. The existing trustees provide informal training in that respect.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The work of the charity is delivered primarily through its two congregations. Separate leadership teams are responsible for the oversight of these congregations with founding leader, Martyn Relf, maintaining a close link with both of them. The congregations are separately represented at trustee level and reports are received from them at trustee meetings.

The trustees' report was approved by the Board of Trustees.

M Relf
Trustee
Dated: 31 October 2024
LIVING STONES, EASTBOURNE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LIVING STONES, EASTBOURNE
- 4 -

I report to the trustees on my examination of the financial statements of Living Stones, Eastbourne (the Charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity 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 Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements 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

4

the financial statements 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 concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Holland Harper LLP
26 High Street
Battle
East Sussex
TN33 0EA
Dated: 31 October 2024
LIVING STONES, EASTBOURNE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
72,605
32,300
104,905
67,652
18,723
86,375
Investments
4
678
323
1,001
70
20
90
Total income
73,283
32,623
105,906
67,722
18,743
86,465
Expenditure on:
Charitable activities
5
62,243
32,366
94,609
85,243
860
86,103
Total expenditure
62,243
32,366
94,609
85,243
860
86,103
Net income and movement in funds
11,040
257
11,297
(17,521)
17,883
362
Reconciliation of funds:
Fund balances at 1 April 2023
108,757
43,718
152,475
126,278
25,835
152,113
Fund balances at 31 March 2024
119,797
43,975
163,772
108,757
43,718
152,475

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LIVING STONES, EASTBOURNE
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
56
70
Current assets
Cash at bank and in hand
164,808
153,473
Creditors: amounts falling due within one year
11
(1,092)
(1,068)
Net current assets
163,716
152,405
Net assets
163,772
152,475
The funds of the Charity
Restricted income funds
12
43,975
43,718
Unrestricted funds
119,797
108,757
163,772
152,475

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The directors 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 31 October 2024
M Relf
Trustee
Company registration number 04765158 (England and Wales)
LIVING STONES, EASTBOURNE
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
1
Accounting policies
Charity information

Living Stones, Eastbourne is a private company limited by guarantee incorporated in England and Wales. The registered office is Community Wise, Ocklynge Road, Eastbourne, East Sussex, BN21 1PY.

1.1
Accounting convention

The accounts have been prepared in accordance with the Charity's memorandum and articles of association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.

 

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Incoming resources
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer or economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under relevant headings.

LIVING STONES, EASTBOURNE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 8 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are also recognised at transaction price.

2
Critical accounting estimates and judgements

In the application of the Charity’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.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
72,605
32,300
104,905
67,652
18,723
86,375
LIVING STONES, EASTBOURNE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
(Continued)
- 9 -
Donations and gifts
Donations
62,848
32,300
95,148
60,385
18,723
79,108
Tax claim
9,757
-
9,757
7,267
-
7,267
72,605
32,300
104,905
67,652
18,723
86,375
4
Income from investments
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Interest receivable
678
323
1,001
70
20
90
LIVING STONES, EASTBOURNE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
5
Charitable activities
2024
2023
£
£
Staff costs
17,036
12,256
Depreciation and impairment
14
20

Rent

12,749
20,849

Insurance

-
625

Speakers/musicians

740
580

Food/events

1,344
1,838

Equipment/resources

1,462
2,353

Mission/ministry

52,846
36,481

Support

-
1,885

Children/youth

1,006
1,139

Subscriptions

576
539

Church camp

2,663
2,363

7 Central Avenue expenses

-
2,325

By the way

-
(100)

Telephone

346
1,280
Accountancy
1,092
1,068
Post, stationery, publicity and adverts
253
108
Administration
728
(87)
Professional fees
492
304
Training
941
-
Away days
321
326
94,609
86,103
94,609
86,103
Analysis by fund
Unrestricted funds
62,243
Restricted funds
32,366
94,609
For the year ended 31 March 2023
Unrestricted funds
85,243
Restricted funds
860
86,103
LIVING STONES, EASTBOURNE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
6
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
1,092
1,068
Depreciation of owned tangible fixed assets
14
20
7
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
8
Employees

The average monthly number employees during the year was:

2024
2023
Number
Number
Charitable work
2
1
Employment costs
2024
2023
£
£
Wages and salaries
17,036
12,256
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

LIVING STONES, EASTBOURNE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
10
Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 April 2023
5,860
At 31 March 2024
5,860
Depreciation and impairment
At 1 April 2023
5,790
Depreciation charged in the year
14
At 31 March 2024
5,804
Carrying amount
At 31 March 2024
56
At 31 March 2023
70
11
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,092
1,068
12
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
43,718
32,623
(32,366)
43,975
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
25,835
18,743
(860)
43,718
LIVING STONES, EASTBOURNE
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 13 -
13
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
108,757
73,283
(62,243)
119,797
Previous year:
At 1 April 2022
Incoming resources
Resources expended
At 31 March 2023
£
£
£
£
General funds
126,278
67,722
(85,243)
108,757
14
Analysis of net assets between funds
Unrestricted
Restricted
Funds
Funds
Total
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
56
-
56
Current assets/(liabilities)
119,741
43,795
163,716
119,797
43,795
163,772
Old Town
81,065
Living Stones
38,732
119,797
15
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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