ST PAUL'S CHURCH, TUPSLEY ur4AUDITED REPORT AIND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Charity Registration No. 1134258
ST PAUL'S CHURCH, TUPSLEY UNAUDITED REPORT Af+lD Accouf4TS FOR THE YEAR ENDED 31 DECEMBER 2022 CONTENTS Page Trust¢¢s' Awiual Repoi't Statement of Trustees responsibilities Independent Exaininer's Report Ststement of Financial Activities 10 Balance Sheet 11-15 Notes on Accounts
St Paul's Cliurch, Tllpsley Trustees Annual Report ror the year ended 31 December 2022 Objectives and Aetivlties The PCC is committed to enabling as many people as ]x)ssible to worship at our church and to becoille part of our parish communily at St Paul's. The PCC maintain5 an overview of worship throughout the parish and inakes suggestions on how our services can involvc the many groups that livc within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the incumbent and the PCC have Considered rhe Commission's guidance oil public benefit and, in particular, the specific guidaiice on charicies tor ihe advancement of religion. In particular, we try to enable ordinary people to live out their faith as parr of our parish community through worship and prayer- learning about the Gospel and developing their knowledge and trust in J&su,s. This can be in gathered woi'ship (services) on Sunday and other days, in LifeGroups gathering to study, pray, encourage and worship, aiid through 'Pastorate' and other networks and meetings to assist with pastoral care. To tacilitate this work, it is important that we maintain the fabric of the Church of St. Paul's and (he linked Community Centre. Where possible we seek to work together with other I21 churches and groups, eqpecially Hampton Park URC and Tupsley Whitehouse Community Hub. Aini andpurposes St Paul's Parochial Church Council IPCC) has the responsibility of cooperating with the incumbent, the Reverend Nick Arm8trong, in promoting in the ecclesiastical parish. the whole mission of the Church, pastoral, evangelistic, social and ecumcnical. The PCC is also specifically r&sponsible for the maintenance of the Church and cominunity Hall of St Paul's, Church Road, Hereford and the church lodge at 107 Church Road. Achievements and Perrornnee- h]11 details under the separate reports Worship and Prayer The PCC are keen (o offer a r<inge of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. Ways of welcoming and linking the missing generations into our church were well established prepandemic, and are now continuing to emerge crcaling a new normal,: a simpler Messy Church format: weekly Worship hosting St Paul's Primary School classes in church. a weekly Open Ihe Book assembly now inviting years 5 and 6 from Hampton Dene School opposite into church. St Paul's Ckurch Commmruty Centre This hosts a full-lime Child¢are ministry {St Paul's Childcare, Charity registered number - 1175452) Monday lo Friday, and fellowship andlor children's group Sunday mornings. Brownies and oihei 'Ollp, are regular evening users throughout the year.
St Paul's churc Tupsley Trustees Annual Report (continued) For the year ended 31 December 2022 Mi.r5ion and Evangelisin The Horizons Committee colllinue to allocate a pro]x)rtioi) of our funds and aiTangc urgeiit fundraisiiig towards various causes local to Hereford and abroad. The weekly Coffee Shop which is jointly i'uii with Hampton Park URC, providing fricndship and pastoral care to many elderly people in our community. has been able to operate for most of the year and coi)tinues to be a popular and importanr part of our mission and outreach, as (loes our iiivolvement with the Tupsley Voice community ncwspaper. Treasurer's Report: for year end 31 December 2022 The 2022 accounts show an excess of expenditure Ov. income of £1,613 {2021- excess of expenditure over incotne £13,815). I consider this to be a rca50nable shortfall as we continue lo recover from the impact of-covid. Once again. we were able to honour our commitment in full to Herefoi'd diocese by paying into the Common Fund a total of £79,000 {2021 £77,500). This was in splte of incurring unexpected co.sts of £2,100 lo remove the remaining stone crosses from the r(x)f of the church {which had been identified as being unsafc) following the fall of one during heavy storms. Discusstons remain ongoing about the timing of the restoration. There was only one other larger than planned for expenditure as it was found necessary tn rcplacc more of the Einergency Lighting signs in the Community Centre than expected. In 2022 Hall lettings increased and now are near to returning lo pre-covid levels: l am hopeful that this trend will continue and that ihe income generated from them will help us to meet the cha21eiiges of 2023. The ecnnomic uncertainty of current times suggests that 2023 will be equally as challenging, if not more so, a5 we come out of fixed price energy deals and seek to tneet the challenges of engaging with those in our community who feel Ihat God has no part to play in thcir daily life. We are blessed to have some capital reserves built up but we must seek to use these wiscly as we look to serve God and establish His kingdom both here in Tupsley and furrher afield. In January 2021 the PCC voted in favour of adopting a Giving Poliey. The Statement of Intent reads "It is our intention that from 2021 Si Paul's PCC will give a minimum of IO% of our income away- sowing into ihe Kingdom of God after the teaching and exaTnple of Jesus and the Bible. This will generally bc distributed through the discenimenr of our Horizoiu committee." Thus, in 2022. the Horizons Cotntnittee received a suin of money equivalent of IO% of all church giving i'eceived in the previous year. this amounted to £6.981 {2021 £6,797). I have summariscd below both donations made directly through the Horizons Committee and those collected directly from the congregation. J'd like to end by once again recording my Thanks to all who help in this role practically. especially Ann Gabb our amazing Gifi Aid Treasui'er and Assistant Treasurer and Val SiThms who is always ready to help out. I'm also incredibly graieful for the suppoi't I get from all member8 ol the Standing Committee and PCC whose wisdom is invaluable. My final Thanks musl go to you all - I am always humblcd by your wonderful generoslty, both financially and spiritually, and I consider myself truly blessed lo be able to serve Si Pavl's as Treasurer. Karen Bishop.
St Palll's Chureli, Tupsley Trustees Annual Report Icontinuedl For tlie year ended 31 Deeember 2022 Chari orted cliffe Bible Ti'anslators Paymcnt of sponsorship to HDBF - Tan2ania New Life Nepal DEC - Ukraine DEC - Pakistan Floods Yeleni Cancer Su ort Vennlurc Totsl Horizons Con re ation 600 600 600 500 500 300 800 600 600 600 114.40 500 300 724.60 385.60 75.40 Tearfllnd Barnabas Christian Aid Christian Aid- East Africa Af han Aid The Livin Room Church Mission Sc*iet Children's Societ Bible Societ Water Aid Total Harvest 1,000 800 400 500 500 500 239.94 193.01 131.00 319.23 £8,483.18 775 800 400 500 500 500 33.50 33.50 225 206.44 159.51 131.00 319.23 £1.502.18 £6,981.00 Financial Review 2022 showed all increase in income to £133,045 cotnpared with £132,944 in 2021. Charitable expenditure reduced from £139.573 in 2021 to £134,659 this yeai.. The charity therefore had a net charitable deficit of £1,613 12021.. deficit £6,629). Howcver. due to the £Nil write off CBF tunds not owned by chc charity in the year (2021 £7,186 wiite oft ot startiiig capital paid to St Paul's Childcare), the total net deficit for the year was £1,613 (2021.. deficit £13,815). Reserves policy It is the policy ot this PCC to hold iii resme, the equivalent of 3 months running costs, iiicluding staff wagcs. and 6 months contribuiion to the Parish Share. It is also our policy to hold an amount for likely church building works as identified in the latest Quinquennial reporl and an ainount for the maintenance of the fabric of the community ccntre. In 2023 the PCC has no major plaiis with regard to the exterior of either the communily centre building or the church. Thc planned for repairs to the churchyard path and surrounding area in 2022 did not happcn so these are carried forward into 2023. An amount of £18,000 has been sel aside for this. The PCC continues to hold £15,000 in respect of legacies received in 2020 which il has set aside as a deposit for future missionloutrea¢h work. A total of £89,000 is therefore needed and the PCC is pleased to note ihai there are sufficient funds to mcei these obligations al this time. This policy will be reviewed in a year's lime.
St Paul's Churcl), Tup51ey Trustee5 Annual Report (continued) For tlie year ended 31 December 2022 Structure. governance and m8nagetnent The method of appointment of PCC inembcrs is sel out in the Church Represenialion Rules. At St Paul's the tnembership of the PCC consists of the ineumbent lour vicar), chuichwardens, curate, reader and members elected by those meTnbers of the congregation who are oi) thc clectoral roll of the Church. All those who attend our serviceslmembers of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general ¢oncern and importance to the parish including deciding on how the tunds of the PCC are to be spent. Volunteers We would like to thank all the volunteers who work so hard to make our church a lively and vibrant community. Ttee trainlng The Truste&% undertake contlllued safeguarding training.
St Paul's Church, Tupsley TrteeS Annual Report (continued) Foi- the year ended 31 December 2022 Reference and administratffive information Registered Charity name The Parochial Church Council of the Ecclesiasiical Parish of Si Paul's, Tupsley. Hereford Charity name St Paul's Church, Tupsley Registered Charity number 1134258 Princi] office The Bcnefice Office, 107 Church Road. Hereford, HRI IQN Governing document Parochial Church Council Powers Mcasure {1956) as ainended and Church Representation Rules Trustees Rev. Preb. N P Armstrong Mrs P C Duggan Mrs A Gabb Mis K E Bishop Mrs S Layton (resigned 24 April 2022) Mrs D J Hartland Mrs J M Shav¢ Mrs B Bullivat)t (Tesigned 24 April 2022} Mr V Payne (resigned 24 April 20221 Mr K Pratley Mrs M Jone5 Rev J Chipper Mrs R Burrow Mrs H Bailey Mrs J Hancock (appointed 24 April 2022) Bankers Lloyds TSB Bank plc 8 High Town Hereford HR12AE Independent exaininers Haines Watts Hereford Limited Chartered Accountants 3 Floor. Broadway House 32-35 Broad Street Hereford HR4 9AR
St Paul's Church, Tupsley Trustees Annual Report (continued) For the year ended 31 December 2022 Rtsk Management The TTiistee5 continue to monitor the major risks which the charlty Fa aiid has established systems to rediice those risks. Risks are reviewed at least annually. The main risks included the health and safety of volunteeFS and calleTS, malntenance of the church and community hall and the continued viability of the PCC. Independent Examlners Haines Watts Hereford Limited have aeed to offer themselves for re-appointment as independent examlners of the charity. On behalf of the Ix>ard of Trustee5 Rev Preb. N P Artrol]g- Vicar of Tupsley and Hampton Bishop Mrs K Bishop - Treasurer
ST PAUL?S CHURCH, TUPSLEY TRUSTEES, ANNUAL REPORT for the year ended 31 December 2022 Statement of Trustees, Responsibilities The tTUStees are responsible for preparing The Trustees, Annual Report and the financial statements in accordance with applicable law and Uiiited Kln8dom Accoiinting Standards (United Kkn8dom Generdlly Accepted Actounling Practice). FRS102 and SORP 2015 The law applicable to chaiities in England and Wales requlres the trustees io prepare fjnancial statements For each Pinanclal year whlch give a true and fair vlew of the state of affalrs of the tharity and of its incoming resources and application of resources of the charity for that period. In preparfjng these financial statements. the trustees are required to.. select suitable accounting policle5 and then apply them consistently.. observe the methods and principles In the Charitles SORP (FRS I0212015,' make judgements and estimate5 that are reasonable and prudent; State whether applicable aLcoiinting stdndards have been followed. subject to any material departures dlsclosed and explained in the financial stafrments, prepare the financlal statements on the golng coEKern basis unless It TS inappropriate to presume that the charlly will continue ?n a bllsiness. The triistees are responsible for keepthg proper accouttting records that disclose with reasoEkable accuracy at any time the financlal position of the charity and ei)able them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Re8ulatioThs 2008. They are also responsible for Safelarding the assets of the charlty and hence for taking reasonable steps for the preventloTr and deteciion of fraud and other trregulai'ities. On behalf of the Trnstees Rev Preb. N P Arntrong Triistee %_u&. ?02S
Independent Examiner's Report to the TrStee5 of St Paul's Church Tllpsley I report on the accounts of the charity for the year ended 31 December 2022. Respective responsibilities of trllSte and examiner The charity's trustees are responsible for the preparatioll of the accounts. The charity's truste consider that an audit is not required for this year under seclioii 144(2) of the Charities Act 2011 (the 2011 Aet) and that an independent examination is needed. It is my responsibility lo.. examine the accounts under section 145 of the 2011 Act. follow rhe procedurcs laid down in the general Directions given by the Charity Commission under section 145(5}(bl of Ihe 2011 Act., and state whether particular matters have come io my attcntioll. Basis of independent examiner's report My exAmination was catried out in accordance with the general Directions given by (he Chai'ity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideiation of any unusual items or disclosures in the accounts, and seeking explanacions from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the account.s present a "true and fair view" and the report is limited to those matters set out in the slalemeiil below. Independent examiner's statement In connection with my examination, no mailer has come lo my attention= which giv me reasonable cause to believe that. in any material respect. the requirements.. to keep accounting records in accordance with section 130 of Ihe 2011 Act. and io prepare accounts which accord with the accounting records and cornply with the accounting requirements of ihe 2011 Act have not bcen met- or to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Name.- Sophie Powell Relevant professional qualification or body.. FCCA ON BEHALF OF HAINES wAs HEREFORD LIMITED Chartered Accountants 3 Floor Broadway House 32-35 Broad Street Hereford HR4 9AR li "prJ
St Pilll's Church, Tupsley Statement of Flnancial Actlvities lincludillg Inc10 and Expettditure Account) ror the year ended 31 Deceniber 2022 Unrestrlcted Restricted Endowmellt Fund Fund Fund5 Total Fund5 2022 Total FuntL 2021 Nofe Jncome Don£ltions and legacies 77,15 77.151 75.427 Charitable activitie8 14.112 14,112 6,478 Oiher Iradillg aciivilics -361 28 Iiivestn)ent incoJn¢ 36,482 36.482 32,688 Other income 4,940 4,940 18.323 Total income 133,046 133,046 132.944 Expenditure ExpBndilure on thaTiI(Trble aclivifieb Oiher expenses 7/8 134.659 134,659 139.573 7,186 TO1 expeiiditure 134,659 134,659 146.759 Nei incomellexpendilure and nei movetnenl in fuiids for Ihe year 11,6131 11,613) 113,8151 Transfeib between funds Reconciliation of funds Tolai funds broughi forward 604,138 4.028 10,000 618,166 631,981 Total funds eartied foiward 602.525 4.028 10,000 616,553 618,166 All aclivities are cla%sed as coniinuing The no5 on the following pages form parl of Ilie account5
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Si Paul's Church, Tups]ey Notes on the accouiits Year ended 31 DEceniber 2022 l A¢eouJiti118 pollele& The priniipal &ccouniing policies Rdopted, judgeinenis and key sources of estiinaiioii lunceriEiiity in the pr¢paratinn of th¢ fin&n¢ial %tat¢m¢Jit$ are 4$ follow$.' 41 Bast% of prepllration The financial silltemen15 hawe been prepared in accordallce wiih ihe AccountinE ld Reponing by Chatiiies.. SiaEenwii of R0mended Thtclice applicable EO Chl11e5 pirparing their accoun15 in u¢¢ordance wilh lh¢ Fin#ncial Reporting Siandard applicable in the UK and Republ2c of Ireland (FRS 1021 (effective l JAnullry 20151- CIiRriiics SORP IFRS lQ211, And the Finaliel Reportiiig Sidndard applicknle in the UK cind Republic of Ireland IFRS1021. St P&ul's Church. TupslÈy. mÈtL% the definitinn ot a piiblic bBnefil entity undei FRS 102. As8ei& and liabilities are initially recognised ai hisiorical costor transaction value unless oil)erwise stated in the relevant aceouniing policy notels). bl ReconciliAtioiJ with previou8 Generally A¢¢epied AccounlingPrdclice In preparing the coUnt5, the Lusiees hdve considered whether in applyingthe JceountinE policies required by FRS012 aiid tlic Chtiritieg SOTIP PRS 102 the re%ialetnBnl olcompaTaiive ileu Was Tequiied. CI PteptiOn of aCCOiliiE& oli a going cOnCTr b&sis. Thc tnisteEs COMSider the fuods availoble will enable Ihecharity lo operdle for mole ihan one year and on thai b35is IhechariLy 1% a goingconcern. dl Incojne Income including govemn*nrgrani8 dre recogn15ed when IhechdThly hii5 Bnlitle]]I lothB fund%. any perforinance condiiion% att&clied io Ili¢ it¢mlsl of incom¢ hav¢ b¢¢n mei. it 1$ probabl¢ di<lt the iiicome W11 be received dnd the amount can be n]e5red reliably. For leg(Icie5, entitlenTrnE 1.4 tllkeii as the ethier of thedate on whicli eitlier.. the charity 1% Bware that probaie hds been grdnied, the esldte hLs been tiiiylised and notificalioii Inade by theexecutoiN to Ihe lls1 that a dis1bll0n will be made, orwhen a distribution is received from ihe e51ai¢. R¢£¢ipi f a legacy, in whole or in part, IS ODly considered probable when lh¢ ainouni cali be mea%urcd reliably and Ilie charity ha5 been noiified of the execlltoi's inleniioii to nuke a disiribuiion. Wheie legAcies liave been noiified 10 th¢¢liarily, or lh¢ ¢harily 1% awate of the graniing of probaie. aijd the CFiierid foi incomB tecognilion have been iiiei then the legacy is treawi #8 U GDniinscni disclosed if m¥¢tial. el Iiiterest rcc¢ivabl¢ InleK¥L on funds held on deposit is includEd when receivable alld theteI be measured r¢liably by the ch2riiy'. Ihis is normally upon notiftcaiion of Ihc In[¢81 paid oipayable by ihe bank. O Fund accounting Unr¢51ri¢1ed fund% artt availabl¢10 spthid on E1vill¢S thai furthu any of Ihe putpose3 of th charity. Designated funds llre unrestticted funds of the chariry which the ttustees hai?edecided at iheir discretion to 8eE aside for a specific PoSe. Resuicied fund.s ate donations which ihe donor ha¥ bpetified ar¢ to b¢ u¥ed ¥ol¢ly for p#rti¢ulaT JtEab of di¢ chJrily'b WDrk OT fDr purliculai. ctivities carried ollt hy the chBriiy. Endowlli¢Jit funds llre iiot available for spendiDg on day to day activitie5 bllt income EeneJ2ted forn pail oluiirestrici¢d income.
St Paul's Church. Tupsley Notes on the ¢counrs Year ended 31 December 2022 gl BxpBndiiuTe and iiircoverAble VAT Expendiiuie 1% Teco8nised on¢e Ihetc is a legal orconsmctive obligation io nke a paymeni lo thi1 party, IL is P]Dbable thllt settlement will be requiird and the amouiit of the obligiitioij cwi be measurth reliably. h) Allocation olsuprrt)rt costs Sui)pori LU%ls arc Ihofe lunclion.4 that &%sisl the work oldie chariiy livi do noi ditecily undertake chdriidble activities. Support costs include ba¢k- officE costs. fjnance, personnel und govern4n¢e %i% which SUPPDrt the charity's aciiviiies. il TIgIble fixed a$setg The piopertie% owned by the charity have Eeeii capit&liged &t tL)$t. The Iru%lee5 con%ider their valuation to be in excess olthe otiginlll eosi and as 5u¢h have been depreciaEed. plni and oiheTequiptnBnl is dEpKillted the yearafterpurth8x- 33.33% straighi line. jl Fixed asset investments represent fund¥ h¢ld wiihin CCLA utconts. kl Cysh #t bank ind hand Csh at blk and in hand in¢lude$ cash and short terni highly liquid inve51nIS With D short matyrily of the mollth8 or IS fram tht date pf aEqui5ilion oropeningof the depi)%II OT %iTDilar accouni. 11 Creditors aiid PTovisions Crdiior% and provisions are recognised whern thecliariiy ha5 a psent obliostion r¢suliing fro apast event thal will probably sU11 in the transfer of funds to a third party and the omounl due to 8¢tile Ihe obligaiion can k Me&sured or ttsiimaied reliably. Crediior.% Biid provigiong are norwlly recogllised thrir ¥ciilctnrnt amount afEei allowingfor lY Irad¢ di&¢ounl¥ du& 2 Legal staths of the charity The legal siatus of the charity establishÈd by Stalul4 nomely 5eciions 2 and l ofihe Parochial Churcli Couneil'% IPowrt51 Nlca5UtE 1956. MeahUR4 liave the forc¢ as Acis olParliatnent, so ilie ex151eiice and legal siaius ola PCC is part olthe law of the land. 2022 2021 3 Charitable &ctivities ee% for weddings and funerals Mnney given 10 help wilh ¢O%L$ thf m4ii)in1E the Churchyard Church liall Idiings 9.729 248 4.135 14,112 6.137 341 6.478 2022 2021 4 Other Iradlhg actiJTrlit5 Fulld rdi&ilig SeS 361 361 28 28 2022 2021 5 Investmenl Ineome Bank iiiterest Rent fioTn141nd ond buildings 29 32.659 -32.688 36.378 36,482 12
St Paul's Cljurcli. Tupsley Notes on tho accouiTrts Year onded 31 December 2022 2022 2021 6 Other iii¢&ine Sundiy incomc Covid grcini. Energy Erdiits 603 ?.667 1.670 92 18.231 18.323 2022 2021 7 All*lysLs ofexpenditsjre oll thrible gctijities Mlssionary giving Mini51ry Phrish shate Mission And evaiig¢lism c051$ Support C0515 INolB 81 6,981 79.0(K) 6,797 77.5 62 55,214 139.573 48.432 134,659 8 Supporl costs Salary af parish Secretary H1 carelaker sillff ClS Hall waterrleS Hall ligliL and he Hall mwnt¢nan¢c Drivcway cxpenses Church water raies 5,464 6.733 708 3,633 7,082 -1.107 6.381 648 2,957 105 2,608 6.260 2.748 2,383 5.691 456 9.145 Church insuran¢¢ Church Tnaiiitenance Chiirch tApitul expuidiiur¢ Upkeep ofchurcli seivices Upketp of¢hw¢hyatd dge maintenance Otrtce adininisitaiioii GovetnJncecosls- Indyndenl examination D¢pr¢¢iaiion of planl & equipment 2,¢MI 2.265 697 6,869 1.380 S72 48,432 4.952 1,260 572 55,214 9 Other expekws This amouiit ofNil {2021 £7,186) has been written off thÈ bÈlan¢¢ slieet. Il re]aM io CBF6 Hisioric Endowmeijt fund bd]ances, iiot actually owiied by thechariry. 10 Trustees remuneration Duriiig rhe year admillisirniion expenses ioialliiig£2.22612021.. 4Trusiee8.' £1,075) wue r¢imbur%ed 10 fourTrnsiees. Noncof the Tiuslces h&Ye been paid aiiy re]nuneration or received any other beii¢fii8 froin the cliariiy. 11 Staff ci)sts No npl0yeeS were paid over£60,000 iii the cunTnt or previoui y¢Jr. Th¢aYerage numb¢rolemployces during the year were 312021.. 31.
St Paul's ChUh. Tupsley Notes oij the aecounts Year ended 31 Deeember2022 12 Tgngible fixed assets Freebold PIAthI & Property Equipme1 C051 Brooghi forward Addiiion5 Catried f{pTwd 519,624 521.341 519.624 521.341 Depreciatjoll BrOut forw3rd Charge foi Ihe year Cartied forward 1,145 572 572 Net Book Vallle_Al Dec 22 Net Value 31 Dec 21 519.624 -119,624 519.6?4 -52fJ.196 -572 Cost 2022 Cost 2021 Freeljold Property Hall Caretakerf5 house 454.624 65.000 519,624 454,624 6.5.0 519,624 13 Investmont fjxed &5sets Cost 2022 Cost 2021 Bank deposit CCLA Historic 10.IKiO lo.0 10.000 lo.0
Sl Paul's ChurctL,Tupsley Notes on Ilje Year ended 31 December 2022 14 Unrt5trleted funds Baliltice 31 Dt£einber 2021 ExpeThdituTh Trxiisfers BJlance 31 Decoijibor 2022 Genera] fund 6(W.138 133.046 1134.6591 (702.525 IS Re51ricled funds Blance 31 Deceimber 2021 Incotlle Eypendiluri Trajjsfers BalaiJ¢e 31 Decombor 2022 4.028 4.28 Re5cted lund% represent monies doDated iowards hearing. ¢hair.i and eleanins. 16 E]]dowment funds Balance 31 Docomber 2021 Income Expetkdilun Th'ansfers Balan¢e 31 Doeember 2022 10,000 10.0 17 AalySiS of]Je(8&sets betwee]J fuiid5 UnrtStricted runds Restricted ENiowThenl fund5 lunds T¢>t21 Tangible fixed ds5ets Fixed assei investments Net curreni assets 519.624 10,000 72.901 602,525 -%19.624 10.O(K) 86.9?9 616.-%S.1 4,028 4.028 10.o(x) 10.O(M)