| 2022 | INCOMEin 2023 | ||
|---|---|---|---|
| Income intended for capital: | |||
| 4000 | Donation | 0.00 | |
| 501 | HMRC Gift Aid refund | 1,019.67 | 1,019.67 |
| Income available for the church: | |||
| 821 | Dividends from investments | 926.08 | |
| 20 | Cash gift | 0.00 | 926.08 |
| Ordinary Income | £1,945.75 |
| 2022 | EXPENDITUREin 2023 | |
|---|---|---|
| 840 | No request made this year | 0.00 |
| Ordinary Expenditure | £0.00 | |
| 1000 | Shares bought during the year |
4,000.00 |
| Combined Expenditure | £4,000.00 | |
| Excess of expenditure over income | (2,054.25) | |
| £1,945.75 | ||
| T for | 2023 | |
| END OF THE YEAR | ||
| Current Account | 2,050.84 | |
| Initial Capital, from last year | 26,500.00 | |
| Shares bought during the year | 4,000.00 | |
| Closing balance | £32,550.84 |
BALANCE SHEET for 2023
| BEGINNING OF THE YEAR | |
|---|---|
| Current Account | 4,105.09 |
| Capital Fund – shares | 26,500.00 |
| Opening balance | £30,605.09 |
| Excess of ordinary income over expenditure | 1,945.75 |
| £32,550.84 |
ACCOUNTING NOTES
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Income . We received no donations this year. We did, however, benefit from a large Gift Aid refund from HMRC, from a generous donation made in 2022.
-
Expenditure . No request was made this year by the church council of All Saints’ Church; presuming this was not an oversight, we shall be able to re-invest for further dividends, which would then help us to break the (admittedly modest) target of £1,000 per year in potential grants, economic events notwithstanding.
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Investment. Further shares were brought during the year, again in the Church of England Central Board of Finance Investment Fund (Income Shares) 187.68 shares were bought, for £4,000, on 24[th] January; giving a total at the end of the year of 1,546.18 shares, with a market value of £22 per share, and therefore a total value of £34,000 at the end of the year.
-
Our dividend income is modest; but it is growing:
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£1,000
£750
£500
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A Charitable Incorporated Organisation supporting the long-term work of the Parish Church of Broughton-in-Airedale
ALL SAINTS BROUGHTON CHURCH TRUST
Charity Commission number: 1181967 Registered: 11[th] February 2019
ANNUAL REPORT FOR 2023
A quiet year, with self-explanatory accounts. So let us quote from the 2019 Supplement (‘Bye-laws’) to the governing document:
Trustees should be appointed who both support the work and witness of All Saints’ and support the intentions and principles on which this trust has been set up. Four trustees, in good health, would be sufficient for the present; three is a minimum; six might be suitable in the future if the income increases as we hope.
The trustees should not necessarily be the same people as the leading officers of the church; but must clearly be committed to it and its ministry. With the Rector’s permission, an Annual General Meeting of the trust would be best held in church (where its grants are to be spent), but be clearly distinguished from any PCC meeting or Annual Parochial Church Meeting.
For the present, the current Rector wishes to keep the trust completely independent of the parish, so meetings are not held in church.
- Bank details for gifts:
A/c name : All Saints Broughton Church Trust
Sort code : 20-98-98 Barclays
A/c number : 53471837
Trustees:
Canon Nicholas Turner : Miss Annette Goldsmith : Mrs Jean Lancaster Mrs Janet Hale : Mr Miles Taylor