2023-03-31-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

				2023	2023	2022
				Unrestricted
				funds	Total funds	Total funds
			Note	6	6	2
Income and endowments
Donations and legacies			4	76,565	76,565	41,730
Other trading activities			5	24,283	24,283	29,315
Investment income			6	26,077	26,077	22,701
Total income				126,925	126,925	93,746
Expenditure
Expenditure on raising funds:
Costs of other trading	activities		7	7,336	7,336	6,272
Investment management		costs	8	2,304	2,304	5,987
Expenditure on charitable	activities		9,10	72,431	72,431	59,496
Total expenditure				82,071	82,071	71,755
Net (losses)/gains on investments			12	(116,861)	(116,861)	91,021
Net (expenditure)/income	and net movement		in funds	(72,007)	(72,007)	113,012
Reconciliation offunds
Total funds brought forward				1,463,459	1,463,459	1,350,447
Total funds carried forward				1,391,452	1,391,452	1,463,459

31 March	2023
			Note	2023 f	2022 2
Fixed assets
Tangible fixed assets			17	368	491
Investments			18	1,300,596	1,384,809
				1,300,964	1,385,300
Current assets
Debtors			19	296	317
Cash at bank	and in	hand		116,687	136,355
				116983	136672
Creditors: amounts		falling due within one year	20	26,495	58,513
Net current	assets			90,488	78,159
Total assets	less current liabilities			1,391,452	1,463,459
Net assets				1,391,452	1,463,459
Funds ofthe charity
Unrestricted	funds			1,391,452	1,463,459
Total charity	funds		21	1,391,452	1,463,459

Donations and legacies
	Total	Total
	Unrestricted	Unrestricted
	Funds 2023	Funds 2022
Donations	9,159	10,204
Legacies	63,404	27,854
Subscriptions	4,002	3,672
	76,565	41,730

Ye	ar ended 31 March 2	ar ended 31 March 2	ar ended 31 March 2	02	3
5.	Other trading activities
							Total	Total
							Unrestricted	Unrestricted
							Funds 2023	Funds 2022
							2	2
	Devon Historic Churches			Day			23,383	29,315
	Scooter Ride						900
							24,283	29,315
6.	Investment	income
							Total	Total
							Unrestricted	Unrestricted
							Funds 2023	Funds 2022
							2	2
	Income fram		listed investments				25,632	22,548
	Bank interest		receivable				445	22
	Other interest		receivable					131
							26,077	22,701
7.	Costs ofother trading			activities
							Totai	Total
							Unrestricted	Unrestricted
							Funds 2023	Funds 2022
	Devon Historic Churches			Day		—Salaries	6,136	5,908
	Devon Historic Churches			Day		- Advertising	1,200	364
							7,336	6,272
8.	Investment		management		costs
							Total	Total
							Unrestricted	Unrestricted
							Funds 2023	Funds 2022
							2	2
	Porffolio management						2,304	5,987
9.	Expenditure		on charitable		activities by fund type
							Total	Total
							Unrestricted	Unrestricted
							Funds 2023	Funds 2022
							f	2
	Grants made		(see note	10)			62,387	48,500
	Support costs (see note			11)			10,044	10,996
							72,431	59,496

Yea	r ended 31 March 2	r ended 31 March 2	02	3
10.	Analysis ofgrants
						Total 2023	Total 2022
	~Gt d
	Unpaid amounts brought		forward			(55,550)	(49,250)
	Sums paid in	the year				66,151	16,500
	Small grants	paid				15,075	12,750
	Unpaid amounts carried		forward			23,150	55,550
	Devon Historic Churches		Day payments		to churches	13,561	12,950
						62,387	48,500
11.	Analysis of support costs
						Total 2023	Total 2022
	Staff costs					4,822	4,330
	Communications and IT					312	312
	Governance	costs				3,052	3,41 7
	General office costs					1,858	2,937
						10,044	10,996
12.	Net (losses)/gains on investments
					Totai		Total
					unrestricted		Unrestricted
					Funds 2023		Funds 2022
							'2
	Gains/(losses)	on listed	investments		(116,861)		91,021
13.	Net (expenditure)/income
	Net (expenditure)/income		is	stated after	charging/(crediting):
						2023	2022
	Depreciation	of tangible	fixed assets			123	123
14.	Independent	examination		fees
						2023	2022
	Fees payable	to the independent examiner for:
	Independent	examination	of	the financial	statements	630	585

No remuneration or other benefits from employment with received by the trustees. Tangible fixed assets	the charity or a related entity were
	Fixtures and
	fittings
Cost
At 1 April 2022 and 31 March 2023	614
Depreciation
At 1 April 2022	123
Charge for the year	123
At 31 March 2023	246
Carrying amount
At 31 March 2023	368
At 31 March 2022	491

18.	Investments
				Cash or cash	Other
				equivalents	investments	Total
				9		2
	Cost or valuation
	At 1 April 2022			6,788	1,378,021	1',384,809
	Additions				625,000	625,000
	Disposals				(585,564)	(585,564)
	Realised gain	on'investment			(51,536)	(51,536)
	Unrealised gain		on investments		(65,325)	(65,325)
	Net movement		in cash	(6,788)		(6,788)
	At 31 March	2023			1,300,596	1,300,596
	Impairment
	At 1 April 2022 and 31 Iillarch 2023
	Carrying amount
	At 31 March	2023			1,300,596	1,300,596
	At 31 March 2022				1,384,809	1,384,809
	All investments		shown above are held at valuation.
19.	Debtors
					2023	2022
					2
	Prepayments	and accrued income			296	317
20.	Creditors: amounts falling due within one year
					2023	2022
						2
	Accruals				3,345	2,963
	Undrawn grants				23,150	55,550
					26,495	58,513

							At
			At			Gains and 31	March 202
		1	April 2022	Income	Expenditure	losses	3
							2
General	funds		1,463,459	126,925	(82,071)	(116,861)	1,391,452
							At
			At			Gains and 31	March 202
		1	April 2021	Income	Expenditure	losses	2
General	funds		1,350,447	93,746	(71,755)	91,021	1,463,459

Analysis of net as	sets between funds
		Unrestricted	Total Funds
		Funds	2023
Tangible fixed assets		368	368
Investments		1,300,596	1,300,596
Current assets		116,983	116,983
Creditors less than	1 year	(26,495)	(26,495)
Net assets		1,391,452	1,391,452
		Unrestricted	Total Funds
		Funds	2022
Tangible fixed assets		491	491
Investments		1,384,809	1,384,809
Current assets		136,672	136,672
Creditors less than	1 year	(58,513)	(58,513)
Net assets		1,463,459	1,463,459