| REFERENCE | AND | AND | ADMINISTRATIVE | ADMINISTRATIVE | ADMINISTRATIVE | DETAILS |
|---|---|---|---|---|---|---|
| Auditors | ||||||
| Sheen Stickland | ||||||
| Chartered Accountants |
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| Statutory Auditors |
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| 2 Oriel Court | ||||||
| Omega Park |
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| Alton | ||||||
| Hampshire | ||||||
| GU34 2YT | ||||||
| Legal Advisers | ||||||
| Winckworth | Sherwood | LLP | ||||
| Arbor | ||||||
| 255 Blackfriars | Road | |||||
| London | ||||||
| SE19AX | ||||||
| Investment | Managers | |||||
| CCLA Investment | Management | Limited | ||||
| One Angel Lane | ||||||
| London | ||||||
| EC4R 3AB |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | E | f | f | f | |||
| INCOME FROM | |||||||
| Donations and legacies |
15,952 | 20,915 | 36,867 | 143,643 | |||
| Investment income |
69,443 | 68,023 | 137,466 | 139,671 | |||
| Total | 85,395 | 88,938 | 174,333 | 283,314 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 10,112 | 98 | 10,210 | 9,648 | |||
| Charitable activities |
|||||||
| Support for the work | ofthe Episcopal Church | in | |||||
| Jerusalem and the Middle East |
|||||||
| Diocese ofJerusalem | 55,344 | 65,845 | 121,189 | 218,008 | |||
| Diocese of Cyprus and the Gulf | 85,239 | 10,749 | 95,988 | 94,821 | |||
| Province ofAlexandria | 54,794 | 26,266 | 81,060 | 144,774 | |||
| Diocese of Iran | (3,525) | (3,525) | (19,181) | ||||
| Total | 205,489 | 99,433 | 304,922 | 448,070 | |||
| Net gains/(losses) on investments |
(51,847) | 26,726 | (25,121) | (89,466) | |||
| NET INCOME/(EXPENDITURE) | (171,941) | 16,231 | (155,710) | (254,222) | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 2,229,584 | 2,785,647 | 5,015,231 | 5,269,453 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,057,643 | 2,801,878 | 4,859,521 | 5,015,231 |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 2023 | 2022 | |
| E | E | |
| Donations | 35,867 | 139,568 |
| Legacies | 1,000 | 1,500 |
| Grants | 2,575 | |
| 36,867 | 143,643 |
| INVEST | MENT INCOME | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f | E | ||
| Income | from listed investments | 133,471 | 138,887 |
| Deposit | account interest | 3,995 | 784 |
| 137,466 | 139,671 |
| Raising | donations an |
d legacies | ||||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| E | E | |||||||
| Website | expenses | 1,375 | 414 | |||||
| Magazine costs | 8,703 | 8,509 | ||||||
| Fundraising expenses |
132 | 147 | ||||||
| Depreciation | 578 | |||||||
| 10,210 | 9,648 | |||||||
| CHARITABLE ACTIVITIES COSTS | ||||||||
| Grant | ||||||||
| funding | of | |||||||
| activities | Support | |||||||
| (see note | costs (see | |||||||
| 6)f | note 7) E |
Tota Is E |
||||||
| Support | for the work | ofthe Episcopal | ||||||
| Church | in Jerusalem | and the Middle | ||||||
| East | ||||||||
| Diocese | ofJerusalem | 102,259 | 18,930 | 121,189 | ||||
| Diocese | of Cyprus and the Gulf | 82,408 | 13,580 | 95,988 | ||||
| Province | ofAlexandria | 68,923 | 12,137 | 81,060 | ||||
| Diocese | of Iran | (3,525) | (3,525) | |||||
| 250,065 | 44,647 | 294,712 | ||||||
| GRANTS | PAYABLE | |||||||
| 2023 | 2022 | |||||||
| E | E | |||||||
| Support | for the work | ofthe Episcopal Church | in Jerusalem | and | the Middle | |||
| East | ||||||||
| Diocese | ofJerusalem | 102,259 | 196,642 | |||||
| Diocese | of Cyprus and the Gulf | 82,408 | 88,048 | |||||
| Province | ofAlexandria | 68,923 | 134,857 | |||||
| Diocese | of Iran | (3,525) | (19,181) | |||||
| 250,065 | 400,366 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | E | |||
| Depreciation | -owned | assets | 578 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| f | E | E | ||
| INCOME FROM | ||||
| Donations | and legacies | 17,854 | 125,789 | 143,643 |
| Investment | income | 75,996 | 63,675 | 139,671 |
| Total | 93,850 | 189,464 | 283,314 | |
| EXPENDITURE ON | ||||
| Raising funds | 8,965 | 683 | 9,648 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| f | f | f | |
| Charitable activities |
|||
| Support for the work ofthe Episcopal Church | |||
| in Jerusalem and the Middle East |
|||
| Diocese ofJerusalem | 154,025 | 63,983 | 218,008 |
| Diocese of Cyprus and the Gulf | 84,356 | 10,465 | 94,821 |
| Province ofAlexandria | 127,503 | 17,271 | 144,774 |
| Diocese of Iran | (18,825) | (356) | (19,181) |
| Total | 356,024 | 92,046 | 448,070 |
| Net gains/(losses) on investments |
(13,394) | (76,072) | (89,466) |
| NET INCOME/(EXPENDITURE) | (275,568) | 21,346 | (254,222) |
| Transfers between funds |
(23,075) | 23,075 | |
| Net movement in funds |
(298,643) | 44,421 | (254,222) |
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward |
2,528,228 | 2,741,225 | 5,269,453 |
| TOTAL FUNDS CARRIED FORWARD | 2,229,585 | 2,785,646 | 5,015,231 |
| TANGIBLE FIXEDASSETS | |||
| Website | |||
| f | |||
| COST | |||
| At 1st July 2022 and 30th June 2023 | 9,670 | ||
| DEPRECIATION | |||
| At 1st July 2022 and 30th June 2023 | 9,670 | ||
| NET BOOK VALUE | |||
| At 30th June 2023 | |||
| At 30th June 2022 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| f | |
| MARKET VALUE | |
| At 1st July 2022 | 4,925,515 |
| Additions | 3,838 |
| Disposal s | (173,738) |
| Revaluations | (27,529) |
| Surplus on disposal | 2,407 |
| At 30th June 2023 | 4,730,493 |
| NET BOOK VALUE | |
| At 30th June 2023 | 4,730,493 |
| At 30th June 2022 | 4,925,515 |
| DEBTORS:AMOUNTS | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f | f | |||
| Other debtors | 3,596 | 4,134 | ||
| The Jerusalem | and the | East Mission Trust Limited | 243,201 | 254,641 |
| Prepayments | and accrued income | 32,252 | 33,644 | |
| 279,049 | 292,419 |
| 14. | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | CREDITORS: AMOUNTS | FALLING | DUE WITHIN ONE YEAR | DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| E | E | ||||||||
| Other creditors | 4,285 | ||||||||
| Grants payable | 179,535 | 258,375 | |||||||
| Accruals and deferred | income | 24,167 | 5,800 | ||||||
| 203,702 | 268,460 | ||||||||
| 15. | MOVEMENT IN FUNDS |
||||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.7.22 | in funds | funds | 30.6.23 | ||||||
| E | f | E | f | ||||||
| Unrestricted funds |
|||||||||
| General fund |
(8,929) | (10,082) | 10,000 | (9,011) | |||||
| General Ministry |
1,015,052 | (124,634) | 890,418 | ||||||
| Legacy reserve | 480,002 | (18,743) | (10,000) | 451,259 | |||||
| Phillips 5 Cane | 299,613 | (7,338) | 292,275 | ||||||
| A BJones discretionary | fund | 264,053 | (7,688) | 256,365 | |||||
| Small funds not detailed | 179,793 | (3,456) | 176,337 | ||||||
| 2,229,584 | (171,941) | 2,057,643 | |||||||
| Restricted funds | |||||||||
| Jerusalem Girls College/Worsley |
fund | 874,839 | 5,524 | 880,363 | |||||
| Moore-Steele | 625,693 | 8,279 | 633,972 | ||||||
| Graham Brown/Phillips |
265,053 | (5,203) | 259,850 | ||||||
| Holy Trinity Church, | Algiers | 654,083 | 24,380 | 678,463 | |||||
| Small funds not detailed | 249,925 | (8,177) | 241,748 | ||||||
| Diocese of Iran | 106,024 | 1,458 | 107,482 | ||||||
| Province ofAlexandria | 10,030 | (10,030) | |||||||
| 2,785,647 | 16,231 | 2,801,878 | |||||||
| TOTAL FUNDS | 5,015,231 | (155,710) | 4,859,521 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| f | f | f | f | ||||
| Unrestricted funds |
|||||||
| General fund |
15,950 | (26,032) | (10,082) | ||||
| General Ministry |
31,677 | (140,718) | (15,593) | (124,634) | |||
| Legacy reserve | 13,869 | (14,376) | (18,236) | (18,743) | |||
| Phillips 5 Cane | 9,626 | (11,435) | (5,529) | (7,338) | |||
| A BJones discretionary | fund | 8,623 | (8,527) | (7,784) | (7,688) | ||
| Small funds not detailed | 5,650 | (4,401) | (4,705) | (3,456) | |||
| 85,395 | (205,489) | (51,847) | (171,941) | ||||
| Restricted funds | |||||||
| Jerusalem Girls College/Worsley |
fund | 27,857 | (27,448) | 5,115 | 5,524 | ||
| Moore-Steele | 19,220 | (19,213) | 8,272 | 8,279 | |||
| Graham Brown/Phillips |
8,538 | (8,451) | (5,290) | (5,203) | |||
| Holy Trinity Church, | Algiers | 3,389 | 20,991 | 24,380 | |||
| Small funds not detailed | 28,662 | (34,026) | (2,813) | (8,177) | |||
| Diocese of Ira n |
1,007 | 451 | 1,458 | ||||
| Province ofAlexandria | 265 | (10,295) | (10,030) | ||||
| 88,938 | (99,433) | 26,726 | 16,231 | ||||
| TOTAL FUNDS | 174,333 | (304,922) | (25,121) | (155,710) |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.7.21 | in funds | funds | 30.6.22 | ||||
| f | f | f | f | ||||
| Unrestricted funds |
|||||||
| General fund |
(4,567) | (4,362) | (8,929) | ||||
| Genera I Ministry |
1,207,866 | (185,889) | (6,925) | 1,015,052 | |||
| Legacy reserve | 575,719 | (81,167) | (14,550) | 480,002 | |||
| Phillips 5Cane | 307,418 | (7,805) | 299,613 | ||||
| A BJones discretionary | fund | 263,324 | 2,329 | (1,600) | 264,053 | ||
| Small funds not detailed | 178,468 | 1,325 | 179,793 | ||||
| 2,528,228 | (275,569) | (23,075) | 2,229,584 | ||||
| Restricted funds | |||||||
| Jerusalem Girls College/Worsley |
fund | 900,054 | (25,215) | 874,839 | |||
| Moore-Steele | 647,830 | (22,137) | 625,693 | ||||
| Graham Brown/Phillips |
266,553 | (1,500) | 265,053 | ||||
| Holy Trinity Church, | Algiers | 674,573 | (20,490) | 654,083 | |||
| Small funds not detailed | 252,215 | (1,934) | (356) | 249,925 | |||
| Diocese of Iran | 92,593 | 13,431 | 106,024 | ||||
| Province ofAlexandria | 30 | 10,000 | 10,030 | ||||
| 2,741,225 | 21,347 | 23,075 | 2,785,647 | ||||
| TOTAL FUNDS | 5,269,453 | (254,222) | 5,015,231 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| INCOME | ||||||
| Donations and |
legacies | |||||
| Donations | 35,867 | 139,568 | ||||
| Legacies | 1,000 | 1,500 | ||||
| Grants | 2,575 | |||||
| 36,867 | 143,643 | |||||
| Investment income |
||||||
| Income from listed | investments | 133,471 | 138,887 | |||
| Deposit account | interest | 3,995 | 784 | |||
| 137,466 | 139,671 | |||||
| Total incoming | resources | 174,333 | 283,314 | |||
| EXPENDITURE | ||||||
| Raising donations | and legacies | |||||
| Website expenses | 1,375 | 414 | ||||
| Magazine costs |
8,703 | 8,509 | ||||
| Fundraising expenses |
132 | 147 | ||||
| Depreciation of |
computer | equipment | 578 | |||
| 10,210 | 9,648 | |||||
| Charitable activities |
||||||
| Grants | 250,065 | 400,366 | ||||
| Support costs | ||||||
| Management | ||||||
| Service charge | 41,275 | 38,056 | ||||
| Communication | consultant | fees | 1,920 | |||
| Communications | consultant | expenses | 1,452 | |||
| 44,647 | 38,056 | |||||
| Total resources | expended | 304,922 | 448,070 | |||
| Net expenditure | (130,589) | (164,756) |