## |Contents|||Page| |---|---|---|---| |Reference and administrative||information|| |Report ofthe Trustees|||2-4| |irurdilors
report|||| |Statement offlnandal|activities||| |Balance sheet|||| |Gash Flow Statement|||| |Notes to the finandat|statemenls||11-16| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Statement off|in|ancial a|ctivit|ies fo|r the year|ended 6|April 2023|| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| |||||||Ullrestllcted|Total|Total| |||||Nates|Unrestricted
f|Designated
f|funds
f|flmds
f| |Income and endowments||bum:||||||| |Donations||||3|22,74(,930||22,741,938|| |Invesimenls||||4|232,12S||232,125|199,380| |Total|||||22,9?4,003||22,974,063|109,380| |Expenditure
on||||||||| |Raising funds - investment||management|fees|6|6,181||6,181|6,291| |Charitable
activities||||6|146,208||146,203|74,376| |Total|||||152,389||152,389|80,067| |Net Income before gains
end losses on Investments|||||22,821,074||22,821,674|118,713| |Net (losses) / gains on investments||||8|(309,090)||(309,090)|242,732| |Net Income|||||22J52,576||22,452,576|381,445| |Net movement
in funda||||9|22,452,570||22/52+70|381,445| |Fund balances brought|forward||||0,659/00|1,000,000|0,659vt00|6,297,061| |Fund balances carried|forward||||28,111,902|1,000,000|29,111&982|6,659,406| ## ## |||||Nalea||| |---|---|---|---|---|---|---| |Fixed esesls
Inveslrnenbr||||16|2TJSB,558|6~498| |Currsst assets
~eMors
Cash at bank and In hend|||||25285
22tf92I54|25,«9
1,«ggfS| ||||||2,0452)48|1,141,182| |Llabgltles||||||| |Credltonc wnuunls|due|a)thin|1year|12|(2{lyt'le)|{{Trhga)| |Nst cunsnl eesele|||||2,625yhfrt|1,125,808| |Nat assets|||||29,4«,892|6,659,468| |Funda||||||| |Uraealrla{ed funds||||15|28,111,082|5,05grt06| |Urasalrtc{ed designated||funds||15|1,000,000|1,000,000| |Tat{llalee{tp hllnrhl|||||20,111,982|6,65grh)B| ## ## ||||||Notes||2022| |---|---|---|---|---|---|---|---| ||||||||2| |Cash flows from operating
activities:|||||||| |Net cash provided by/(used
in) operagng||activities|||(a)|24591,774|(82,878)| |Cash flows from Investing
activities:|||||||| |Dividends
and Interest from investments
Proceeds from sale ofInvestments||||||232,125
80,'785|199,380
85',380| |Purchase ofInveslmente||||||(21,976,759)|(207,282)| |Change
In Investment
cash||||||(4.084)|20,162| |Nel cash (used In) /provided
by Investing||activities||||(21,087,933)|97,640| |Change
In cash and cash equivalents|in the reporting||period|||903,841|14,762| |Cash and cash equivalents
at the beginning||ofthe reporBng period|||(b)|1,116,013|1,101,251| |Cash and cash equivalents
atthe end|ofthe reporting||period||(b)|2,019,854|1,110,013| |(a) Reconclgatlon ofnel Income to net|cash flows from||operating|activities|||| |Net income for the reporting
period||||||22,452,576|361,445| |Ad)ustments
for.|||||||| |Losses / (gains) an Inveslmenls||||||369,098|(242,732)| |Dividends
and Interest from investments||||||(232,125)|(199,380)| |Increase in debtom||||||(867)|(1,374)| |Increase
/(dewease)
in creditors||||||3,092|(837)| |Net cash provided
by /(used
In) operating||activities||||22,591,774|(82,876)| |(b) Analysis ofcash and cash equivalents|||||||| |Cash in hand||||||2,019,854|1,118,013| |Totat cash and cash equivalents||||||2,019,854|tl,116,013| |(c) Analysis ofchanges
In net debt:|||||||| ||||6April|||Non-cash|5April| ||||2022||Cash flows|movement|2023| |||||6||8|2| |Cash and cash equivalents|||1,116,013||903,641||2,019,854| ## ## ## ## ## ## |s to the finan|s to the finan|s to the finan|cia|l st|atements
for th|e year en|ded|5April 2023|| |---|---|---|---|---|---|---|---|---|---| |Investmentlncome||||||||2023|2022| |||||||||0|| |Dividends||||||||212,206|109,264| |Bank internet||||||||19,059|116| |||||||||232,125|199,380| |AD inveslment|Income received||||In ths year was derived|from unmstricted|funds|(2022:unrestricted|funds).| |Raising funds|-|costs||||||2023|2022| |||||||||8|2| |Investment
management||||fees||||0,181|6,291| |||||||||6,181|6,291| |AD costs Incurred||In|both|2023|and 2022were in respect|ofunrestricted|funds.||| |Charitable
activities|||||||||2022| ||||||||||2| |Charitable
donations|||(note 7)|||||120,710|62,243| |Administration|fees payable|||||||11,106|8,696| |Governance||||||||6,392|3,237| |||||||||146,208|74,376| |7.|Charitable
donations|||2023|2022| |---|---|---|---|---|---| |||||Total
2|Totalf| ||Cadtas Ukraine|||10,000|| ||Christian
Responsiblfty|in PubDc Affairs (CRPA)||5,000|5,000| ||Faith In EeadershiP|||10,000|| ||FareShare|||10,000|| ||Foundation
ofthe College ofStGeorge (Companions||of Windsor)|30,000|5,000| ||Friends ofthe Holy Eand|||7,5DD|| ||Harvard
Kennedy School of Government|||21410|18,243| ||Hospice UK|||5,000|| ||Music For All|||5,000|| ||Royal Botanical Gardens|Ksw —Frisnds 3 Supportem||'I5,000|15,DDD| ||Royal Chapel ofAD Saints, The||||5,000| ||St Patrick's Soho Outreach|||10,00D|| ||Woolf Institute,
The||||14,000| |||||128,710|62,243| ## ## |Nel Investment||(losses) Igains|(losses) Igains|2023|2022| |---|---|---|---|---|---| |||||5|2| |Realised gains||||7,005|15,201| |Unreslised
(losses) / gains||||(376,103)|22'f,461| |||||(369,008)|242,732| |Net movement)n||funda|||| |Nst movement
In||funds ls slated aRer charging:|||| |||||202S|2022| |||||2|2| |Auditor's
remuneration|||||| |-Independent||Examlnagon|||3,840| |~ Audit||||6,000|| |Investments||||2023|2022| |||||2|2| |Market value at fhs beginning|||ofthe year|5,520,875|'5,156,241| |Additions at coal||||21,970,759|207,202| |Disposal
proceeds||||(80,705)|(05,380)| |Net (losses)lgalns||on dlsposals|and rsvalua8ons|(309,090)|242,732| |Market value at the year end||||27,067,751|5,520,875| |Cash held as part||ofportfolio||18,807|14,723| |Total investmsnt|value|||27,088,058|5,535,698| |Historfcal cost at|the year end|||4,022,239|4,508,512| |||||2023f|2022
6| |---|---|---|---|---|---| |Investments
Private Equity|||st market value corn prlsedt|200,317|221,125| |Charity|Multi Asset Funds|||5,057,942|6,209,750| |Schroder||QEP Global Core Fund||21,000,492|| |||||27„067,75'I|5,520,875| |Debtors||||2023|2022| |||||2|| |Dividends||receivable||25,986|25,119| |||||25,988|25,119| ## ## ## |12.|Creditors:|amounts|faSlng due within one year|faSlng due within one year|faSlng due within one year|||2023|2022| |---|---|---|---|---|---|---|---|---|---| |||||||||6|E| ||Accruals|||||||13i892|8,773| ||Other creditors —Investment
Grants payable|||management|fee|||1,524
5,000|1,651
7,'000| |||||||||20,4'IS|17,324| |1S,|Movsmenl|in funds|-2023||0Aprg||||SAprg| ||||||2022|Income|Expendgure|Losses|2023| ||Unrestricted|funds|||5,659JBB|22,974063|(162,389)|(369,098)28,(11,982|| ||Designated|funds|||1,000,000|-|-|-|1,000,000| ||Total||||6,859rt00|22,974,063|(152,S89)|(309,098)29,111,982|| ||Movement|in funds -2022|||6Aprt||Expenditure/||6April| ||||||2021|Income|Transfers|Gains|2022| ||||||E|2|E|E|6| ||Unrestricted|funds|||5,297,961|199,380|(80,067)|242,732|5,059,408| ||Designated|funds|||1,000,000||||1,000,000| ||Total|||6,297,961||199@00|(80,687)|242,732|6,669,400| |Analysis|ofnet assets between funds -2023|ofnet assets between funds -2023|Unrestricted|Designated|Total| |---|---|---|---|---|---| ||||funds|Itlllrls|funds| |||||E|2| |Investments|||27,086,558||27,0862MB| |Net current assets|||1,025,424|1,000,000|2,025,424| ||||28,111,982|1,000,000|29,111,982| |Analysis|ofnsl assets between|funds - 2022|Unrestricted|Designated|Total| ||||fund»|funds|funds| ||||E|E|E| |Investments|||5535696||5,535,590| |Net current assets|||106,035|1,000,000|1,123,306| ||||5,059,406|1,000,000|6,650,406| ## ## ## ## ##