2023-03-31-accounts

				Page
Report ofthe	Trustees		1	to	3
Independent	Examiner's	Report
Statement of	Financial	Activities
Balance Sheet
Notes to the	Financial Statements		7	to	12

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	P	P.	E	E
INCOME AND ENDOWMENTS		FROII
Donations and legacies				183,175	17,420	200,595	159,176
Investment income				4,380		4,380	2,361
Other income				19,458		19,458
Total				207,013	17,420	224,433	161,537
EXPENDITURE ON
Charitable activities
Charitable Activities				204,993	7,281	212,274	171,496
NET INCOME/(EXPENDITURE)				2,020	10,139	12,159	(9,959)
RECONCILIATION	OF FUNDS
Total funds brought	forward			9,099	15,752	24,851	34,810
TOTAL FUNDS CARRIED FORWARD				11,119	25,891	37,010	24,851

	31	MARCH 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes	E	F	F	F
FIXEDASSETS
Tangible assets		5,830		5,830	5,830
CURRENT ASSETS
Debtors		3,358		3,358	3,982
Cash at bank		4,811	25,891	30,702	35,691
		8,169	25,891	34,060	39,673
CREDITORS
Amounts falling due within one year		(2,880)		(2,880)	(7,782)
NET CURRENT ASSETS		5,289	25,891	31,180	31,891
TOTAL ASSETSLESSCURRENT LIABILITIES		11,119	25,891	37,010	37,721
CREDITORS
Amounts falling due after more than one year	9				(12,870)
NET ASSETS		11,119	25,891	37,010	24,851
FUNDS	10
Unrestricted funds				11,119	9,099
Restricted funds				25,891	15,752
TOTAL FUNDS				37,010	24,851

INVESTMENT INCOME
	2023	2022
Rents received	4,380	2,360
Deposit account interest		1
	4,380	2,361

			NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
	COMPARATIVES FOR		THE STATEMENT OF FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						funds	fund	funds
							E	F
	INCOME AND ENDOWMENTS				FROM
	Donations and legacies					144,474	14,702	159,176
	Investment income					2,361		2,361
	Total					146,835	14,702	161,537
	EXPENDITURE ON
	Charitable activities
	Charitable Activities					166,716	4,780	171,496
	NET INCOME/(EXPENDITURE)					(19,881)	9,922	(9,959)
	RECONCILIATION	OF	FUNDS
	Total funds brought	forward				28,980	5,830	34,810
	TOTAL FUNDS CARRIED			FORWARD		9,099	15,752	24,851
6.	TANGIBLE FIXEDASSETS
								Church
								Premises
								F
	COST
	At 1 April 2022 and	31 March 2023						5,830
	NET BOOK VALUE
	At 31 March 2023							5,830
	At 31 March 2022							5,830
7.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2023	2022
							F	E
	Other debtors						3,358	3,982
8.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2023	2022
							E
	Taxation and social	security						990
	Other creditors						2,880	6,792
							2,880	7,782

CREDITORS".A	MOUNT	S FAL	LI	NG	DUE AFTER MORE THAN	ONE YEAR
							2023	2022
							F
Other creditors								12,870
MOVEMENT IN FUNDS
							Net
							movement	At
						At 1.4.22	in funds	31.3.23
						F	F	F
Unrestricted funds
General fund						9,099	655	9,754
Renovate - Renovation		(Designated)			Fund		1,365	1,365
						9,099	2,020	11,119
Restricted funds
Renovation Fund						15,752	10,139	25,891
TOTAL FUNDS						24,851	12,159	37,010
Net movement	in funds,	included		in	the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
							F	F
Unrestricted funds
General fund						205,648	(204,993)	655
Renovate - Renovation		(Designated)			Fund	1,365		1,365
						207,013	(204,993)	2,020
Restricted funds
Renovation Fund						17,420	(7,281)	10,139
TOTAL FUNDS						224,433	(212,274)	12,159
Comparatives	for movement		in	funds
						Net	Transfers
						movement	between	At
					At 1.4.21	in funds	funds	31.3.22
						F		F
Unrestricted funds
General fund					9,535	(21,732)	21,296	9,099
Designated Funds					3,092	2,643	(5,735)
Richard Taylor	Fund				16,353	(792)	(15,561)
					28,980	(19,881)		9,099
Restricted funds
Renovation Fund					5,830	9,922		15,752
TOTAL FUNDS					34,810	(9,959)		24,851

Actuarial valuation as at 31 December 20	Actuarial valuation as at 31 December 20	19	19
A formal valuation of the DB Plan as at 31		December 2019was		carried		out by a	professionally	qualified		Actuary
using the Projected Unit Method. At	the valuation date the market			value		ofthe DB Plan assets		was f298		million,
whilst the level of assets needed	to pay benefits		was 2316m,	giving		a deficit	of 218m (equivalent		to	a past
service funding level of 94'/o). The	Church	and the	other participating		employers		in the DB Plan are		collectively
responsible for funding this deficit.
The key financial assumptions underlying the valuation were as follows:
Type of assumption									'/o	p,a.
RPI price inflation assumption										3.20
CPI price inflation assumption										2.70
Minimum Pensionable Income Increase Adjustment			(above CPI)							0.50
Pre-retirement assumed investment	returns	(gilt yield plus 1.75'/o		pa)						2.95
Post retirement assumed investment	returns	(including benefits matched				by the insurance
policy) (gilt yield plus 0.5'/o pa)										1.70
Minimum Pensionable Income increases (CPI plus			0.5'/o)							3.20
Deferred pension increases (based	on RPI)
Pre April 2009										3.20
Post April 2009										2.50
		Page	11					continued. ..