2022-12-31-accounts

				Page
Trustees' annual report
Independent examiner's report		to the trustees
Statement of financial	activities
Statement of financial	position
Notes to the financial	statements
The following pages	do not form part of		the financial statements
Detailed statement of	financial	activities		18
Notes to the detailed	statement	of financial	activities	19

		Year	ended	31 Decem	ber 2022
					2022		2021
				Unrestricted	Endowment
				funds	funds	Total funds	Total funds
			Note
Income and endowments
Investment income				3,452	85,970	89,422	84,500
Total income				3,452	85,970	89,422	84,500
Expenditure
Expenditure on raising funds:
Investment management		costs	5	2040		2,040	212
Expenditure on charitable	activities		6,7	16,248		16,248	89,567
Total expenditure				18,288		18,288	89,779
Net income/(expenditure)				(14,836)	85,970	71,134	(5,279)
Transfers between funds				85,970	(85,970)
Other recognised gains and		losses
Gains/(losses) on investments					(302,188)	(302,188)	321,301
Net movement in funds				71,134	(302,188)	(231,054)	316,022
Reconciliation offunds
Total funds brought forward				237,987	2,918,034	3,156,021	2,839,999
Total funds carried forward				309,121	2,615,846	2,924,967	3,156,021

				31 Decem	ber 202	2
						2022		2021
					Note
Fixed assets
Investments					13		2,615,845	2,918,033
Current assets
Cash at bank	and	in hand				292,082		238,121
Prepayments	and	accrued income				20,164		21,338
Creditors: amounts			falling	due within one year
Accruals and	deferred		income			3,124		21,471
Net current assets							309,122	237,988
Total assets	less	current		liabilities			2,924,967	3,156,021
Net assets							2,924,967	3,156,021
Funds ofthe charity Endowment funds							2,615,846	2,918,034
Unrestricted funds							309,121	237,987
Total charity	funds						2,924,967	3,156,021

Investment income
			Unrestricted	Endowment	Total Funds
			Funds	Funds	2022
Income from investment		properties		13,039	13,039
Bank interest receivable			3,452		3,452
CBFCofE Investment	Fund income			60,022	60,022
CBFCofE Property Fund		income		12,909	12,909
			3,452	85,970	89,422
			Unrestricted	Endowment	Total Funds
			Funds	Funds	2021
Income from investment		properties		13,200	13,200
Bank interest receivable			117		117
CBFCofE Investment	Fund income			58,274	58,274
CBFCofE Property Fund		income		12,909	12,909
			117	84,383	84,500

Investment	management c	osts
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2022	Funds	2021
					P
Management	8 maintenance	of
investment	property		2,040	2,040	212	212

6.	Expenditur		on charita	ble	activ	ities	by fund type	by fund type
							Unrestricted		Total Funds	Unrestricted	Total Funds
								Funds	2022	Funds	2021
	Repair and		maintenance	of the fabric
	ofSt Michael and All Angels Church,
	Highworth							(10,456)	(10,456)	54,737	54,737
	Furthering		the religious	and	other
	charitable	work of the Church of
	England in		the parish of Highworth					23,075	23,075	31,556	31,556
	Support costs							3,629	3,629	3,274	3,274
								16,248	16,248	89,567	89,567
7.	Expenditure on charitable				activities		by activity type
							Activities
							undertaken		Support	Total funds	Total fund
								directly	costs	2022	2021
	Repair and		maintenance	of	the fabric
	ofSt Michael and All Angels				Church,
	Highworth						(10,456)		240	(10,216)	54,947
	Furthering	the religious		and	other
	charitable work of the Church of
	England in	the parish of		Highworth				23,075	240	23,315	31,766
	Governance		costs						3,149	3,149	2,854
								12,619	3,629	16,248	89,567
8.	Analysis of support costs
							Church	repair	Other
								and	charitable
							maintenance		work	Total 2022	Total 2021
	Governance		costs					1,574	1,575	3,149	2,854
	Support costs - Bookkeeping							.240	240	480	420
								1,814	1,815	3,629	3,274
9.	Independent		examination		fees
										2022	2021
	Fees payable to the independent					examiner for:
	Independent		examination	of	the financial statements					1,680	1,500

Investments
	Cash or cash	Investment
	equivalents	properties	Total
Cost or valuation
At 1 January 2022	2,568,033	350,000	2,918,033
Addi/ions
Other movements	(302,188)		(302,188)
At 31 December 2022	2,265,845	350,000	2,615,845
Impairment
At 1 January 2022 and 31 December 2022
Carrying amount
At 31 December 2022	2,265,845	350,000	2,615,845
At 31 December 2021	2,568,033	350,000	2,918,033

							Gains and	At
			At1 Jan 22	Income	Expenditure	Transfers	losses	31 Dec 22
General	funds		237,987	3,452	(18,288)	85,970		309,121
							Gains and	At
			At1 Jan 21	Income	Expenditure	Transfers	.losses	31 Dec 21
General	funds		243,266	117	(89,779)	84,383		237,987
Endowment		funds
							Gains and	At
			At1 Jan 22	Income	Expenditure	Transfers	losses	31 Dec 22
Proceeds from
the sale	of
Clinton's	Field		2,818,034	85,970		(85,970)	(302,188)	2,515,846
Revaluation
reserve			100,000					100,000
			2,918,034	85,970		(85,970)	(302,188)	2,615,846
							Gains and	At
			At1 Jan 21	Income	Expenditure	Transfers	losses	31 Dec 21
Proceeds from
the sale	of
Clinton's	Field		2,496,733	84,383		(84,383)	321,301	2,818,034
Revaluation
reserve			100,000					100,000
			2,596,733	84,383		(84,383)	321,301	2,918,034

Analysis of net as	sets between funds
		Unrestricted	Endowment	Total Funds
		Funds	Funds	2022
		E
Investments			2,615,845	2,615,845
Current assets		312,246		312,246
Creditors less than	1 year	(3,124)		(3,124)
Net assets		309,122	2,615,845	2,924,967
		Unrestricted	Endowment	Total Funds
		Funds	Funds	2021
Investments			2,918,033	2,918,033
Current assets		259,459		259,459
Creditors less than	1 year	(21,471)		(21,471)
Net assets		237,988	2,918,033	3,156,021

			Year end	ed 31 December	2022
					2022	2021
Income and endowments
Investment income
Income from investment		properties			13,039	13,200
Bank interest receivable					3,452	117
CBFCofE Investment	Fund		income		60,022	58,274
CBFCofE Property Fund		income			12,909	12,909
					89,422	84,500
Total income					89,422	84,500
Expenditure
Investment management			costs
Management 8 maintenance			of investment	property	2,040	212
Expenditure on charitable			activities
Insurance					1,409	1,354
Legal and professional	fees				1,740	1,500
Other office costs					480	420
Grants awarded					12,619	86,293
					16,248	89,567
Total expenditure					18,288	89,779
Net income/(expenditure)					71,134	(5,279)

		Year end	ed 3	1 December	2022
							2022	2021
Expenditure on charitable		activities
Repair and maintenance	ofthe fabric of		St Michael and All Angels			Church,	Highworth
Activities undertaken directly
Grants made for the repair	and maintenance		ofthe fabric ofSt Michael
and All Angels, Highworth							(10,456)	54,737
Support costs
Accountancy fees							240	210
Furthering the religious	and other charitable			work of the	Church	of England in the		parish of
Highworth
Activities undertaken directly
Grants made for the purpose		ofthe religious	and	other charitable	work	of
the Church of England in the		parish of Highworth					23,075	31,556
Support costs
Accountancy fees							240	210
Governance costs
Trustees' indemnity insurance							1,409	1,354
Independent examiner's fees							1,680	1,500
Legal and professional fees							60
							3,149	2,854
Expenditure on charitable		activities					16,248	89,567