2023-06-30-accounts

		Page
Report ofthe trustees		1to 9
Independent Auditor's	Report	10to 12
Statement of Financial	Activities	13
Balance Sheet		14
Statement ofCash Flows		15to 16
Notes to the Financial	Statements	17to 30
Detailed Statement of	Financial Activities	31to 32

			Unrestricted	Restricted	2023	2022
			general	general	Total	Total
			fund	funds	funds	funds
		Notes	E	E	E	E
Income from:
Donations and legacies				412,927	412,927	362,595
Charitable activities				20,215	20,215	29,508
Other activities				22,313	22.313	33,393
Investments and interest receivable			4,019	69,421	73,440	65,447
			4,019	524,876	528,895	490,943
Transfer from Belmont Abbey	Mission Trust (Charity
Registration Number 226277)		20				3,584,821
Total income			4,019	524,876	528,895	4,075,764
Expenditure on:
Raising funds			8,446	17,296	25,742	17,745
Charitable activities:
-Support ofthe Parishes and their ministry			1,671	498,027	499,698	394,176
Total expenditure			10,117	515,323	525,440	411,921
Net income before investment	losses		(6,098)	9,553	3,455	3,663,843
Net losses on investments		13	(1,758)	(59,430)	(61,188)	(208,361)
Net income and net movement	in funds		(7,856)	(49,877)	(57,733)	3,455,482
Reconciliation offunds
Total funds brought forward			84,950	3,370,532	3,455,482
Fund balances carried forward			77,094	3,320,655	3,397,749	3,455,482

				2023	2022
				Total	Total
				funds	funds
			Notes	f	E
Fixed assets
Tangible fixed assets			12	612,690	663,836
Listed investments			13	2,483,490	2,508,771
Investment	property		14	4,000	4,000
				3,100,180	3,176,602
Current assets
Stocks			15		1,120
Debtors			16	296,139	112,624
Cash at bank and in		hand		31,581	196,081
				327,720	309,825
Creditors: amounts		falling due within one
year			17	(30,151)	(30,950)
Net current	assets			297,569	278,875
Total net assets				3,397,749	3,455,482
Funds			19,20
Unrestricted	funds			77,094	84,950
Restricted funds				3,320,655	3,370,532
				3,397,749	3,455,482

			Year Ended	Year Ended
			30June 2023	30June 2022
		Notes	E	E
Cash flows from operating	activities
Cash generated from operations			(187,168)	102,114
Cash flows from investing	activities
Purchase oftangible fixed	assets		(14,864)	(94,921)
Purchase of listed investments			(2p433,149)	(288,451)
Sale of listed investments			2,196,924	296,072
Investment income and interest received			73,440	65,447
Net cash used in investing	activities		~177,649)	(21,853)
Change in cash and cash equivalents		in the
reporting period			(364,817)	80,261
Cash and cash equivalents	atthe beginning
ofthe reporting period			397,780
Cash and cash equivalents	transferred
from Belmont Abbey Mission Trust				317,519
(Charity Registration Number 226277)
Cash and cash equivalents	at the end	of
the reporting period			32,963	397,780

						Year Ended	Year Ended
						30June 2023	30June 2022
						E	E
	Net income	for the	reporting	period (as per the Statement	of Financial
	Activities)					(57p733)	3,455,482
	Adjustments	for:
	Depreciation	charges				66,011	63,904
	Losses on investments					61,188	208,361
	Investment	income	and interest received			(73,440)	(65,447)
	Transfer from	Belmont Abbey Mission Trust (Charity Registration			Number 226277)		(3,584,821)
	Decrease in	stocks				1,120	3,100
	Decrease in	debtors				(183p514)	27,312
	Decrease in	creditors				(800)	(5,777)
	Net cash provided		by operations			(187,168)	102,114
B.	ANALYSIS OF CASH		AND CASH EQUIVALENTS
						2023	2022
						E	6
	Cash in bank					31,581	196,081
	Porffolio					1,382	201,699
	Total cash and cash		equivalents			32,963	397,780

				At 1July	Cash flows	At 30June
				2022	E	2023
				E		E
Net	cash
Cash	and	cash	equivalents	397,780	(364,817)	32,963

			Restricted	funds
			Year to 30	Year to 30
			June 2023	June 2022
			6	E
Collections	(including	gift aid)	398,234	328,973
Gifts and legacies			330	475
Special collections			14,363	16,015
Listed Places ofWorship Grants Scheme				17,132
			412,927	362,595

	Restricted	funds
	Year to30	Year to30
	June 2023	June 2022
	E	E
Rent	8,906	6,614
Sale ofbooks, papers, votives and candles	6,069	3,993
Fundraising	7,338	22,786
	22,313	33,393

			Yearto
	Unrestricted	Restricted	30June
	funds	funds	2023
	6	E	E
Deposit account interest	212		212
Gift aid interest	1,752		1,752
Portfolio income	2,055	69,421	71,476
	4,019	69,421	73,440
			Yearto
	Unrestricted	Restricted	30June
	funds	funds	2022
	E	E	E
Deposit account interest	15		15
Portfolio income	1,924	63,508	65,432
	1,939	63,508	65,447

			Restricted	funds
			Year to 30	Year to30
			June 2023	June 2022
			E	E
Other income			3,888	3,942
Funerals	and	church yard income	15,500	25,250
Restoration		contributions	827	316
			20,215	29,508

					Year to30
			Unrestricted	Restricted	June 2023
			E	E	E
Investment	portfolio management		512	17,296	17,808
Old debt written		off	7,934		7,934
			8446	17~296	25p742
					Year to 30
			Unrestricted	Restricted	June 2022
			E	E	E
Investment	portfolio management		522	17,223	17,745

		Unrestricted	Restricted	Year to 30
		funds	funds	June 2023
		E	E	E
Direct costs		84	440,820	440,904
Donations			22,440	22,440
Support costs —governance	and finance costs	1,587	34,767	36,354
		1,671	498,027	499,698
		Unrestricted	Restricted	Year to30
		funds	funds	June 2022
		E		E
Direct costs		233	357,642	357,875
Donations			16,250	16,250
Support costs —governance	and finance costs	1,156	18,895	20,051
		1,389	392,787	394,176

		Year to30	Year to 30
		June 2023	June 2022
		E	E
Net income for the year before investment	gains isstated after charging:
Staff costs		18,498	14,174
Auditor's remuneration		19,240	10,060
Depreciation		66,011	63,906

			Year to30	Year to 30
			June 2023	June 2022
			E	E
Wages	and	salaries	18,498	14,174

					Unrestricted	Restricted
					general	generol	Total
					fund	funds	funds
				Notes	E
Incomefrom:
Donations and legacies						362,595	362,595
Charitable activities						29,508	29,508
Other trading activities						33,393	33,393
Investments and interest	receivable				1,939	63,508	65,447
					1,939	489,004	490,943
Transfer from Belmont Abbey Mission Trust					91,050	3,493,771	3,584,821
Totalincome					92,989	3,982,775	4,075,764
Expenditure on:
Raising funds					522	17,223	17,745
Charitable activities
.Support ofthe Parishes	and their ministry				1,389	392,787	394,176
Total expenditure					1,911	410,010	411,921
Net income (expenditure(	before investment		gains		91,078	3,572,765	3,663,843
Net gains on investments					(6,128)	(202,2331	(208,361J
Net income and net movement		infunds			84,950	3,370,532	3,455,482
Reconciliation offunds
Totalfunds brought forward
Fund balances carried forward					84,950	3,370,532	3,455,482

			Freehold	Plant and	Fixtures	Motor
			property	machinery	and fittings	vehicles	Total
			6	E	E	E	E
Cost
At 1July 2022			468,885	106,308	552,444	80,044	1,207,681
Additions					3,174	11,690	14,864
At 30June 2023			468,885	106,308	555,618	91,734	1p222,545
Depreciation
At 1July 2022			182,978	106,308	182,384	72,175	543,845
Charge for the year			8,237		50,963	6,810	66,010
At 30June 2023			191,215	106,308	233,347	78,985	609,855
Net book value
At 30June 2023			277p670		322,271	12,749	612,690
At 30June 2022			285,907		370,060	7,869	663,836
FIXEDASSET INVESTMENTS
						2023	2022
						E	E
Listed investments
Market value at 1July 2022					2,307p072
Transfer from Belmont Abbey Mission Trust							2,523,053
Additions at cost					2,433,148		288,451
Proceeds from the sale of	investments				(2,196,924)		(296,072)
Realised gain on disposals						166,651	31,319
IJnrealised loss on revaluation					(227,839)		(239,679)
Market value at 30June 2023					2,482,108		2,307,072
Cash held for reinvestment						1,382	201,699
Total value of listed investments		at 30June 2023			2,483,490		2,508,771
Cost oflisted investments	at 30	June 2023			2,524,740		2,085,186

		2023	2022	2023	2022
			N	E	E
Overseas equities		64.33	45.93	1,596,741	1,059,734
UK equities		9.72	22.98	241,261	530,069
UK fixed interest		7.94	11.66	197,079	268,926
Infrastructure and operating	assets	6.52		161,834
Cash and nearcash		5.12		127,084
Property		3.25		80,669
Contractual and other income		2.36		Sgp578
Overseas fixed interest			3.54		81,656
Alternative assets		0.76	15.89	18,863	366,687
		100.00	100.00	2,482,109	2,307,072

	2023	2022
	E	E
Stocks		1,120

		2023	2022
		E	E
Gift aid receivable		146,535	110,724
Downside	Abbey debtor	140,413
Other debtors		9,191	1,900
		296,139	112,624

				2023	2022
				E	E
Expense	creditors	and	accruals	29,404	28,622
Deferred	income			747	2,328
				30151	30,950

				Total
				funds
		Unrestricted	Restricted	30June
		funds	funds	2023
Tangible	fixed assets		612,690	612,690
Investments		115,724	2,371,766	2,487,490
Current	assets	(37,785)	365,505	327,720
Current	liabilities	(845)	(29,306)	(30,151)
		77,094	3,320,655	3,397,749

								Totalfunds
						Unrestricted	Restricted	30June
						fund	funds	2022
						C	f	F
Fixed assets							663,836	663,836
Investments						119,161	2,393,610	2,512,771
Current assets						(33,371)	343,196	309,825
Current liabilities						(840)	(30,110)	(30,950)
						84,950	3,370,532	3,455,482
he total unrealised		gains are	as follows:
							Year to 30	Year to30
							June 2023	June 2022
							f	E
Unrealised gains	included above:
On listed investments							(5,953)	221,886
Reconciliation of		movements	in unrealised		gains
Unrealised gains	brought forward						221,886
Transfer from Belmont Abbey Mission Trust								461,565
Net (losses) gains		arising on revaluation		in the year			(227,839)	(239,679)
Total unrealised	gains carried forward						(5,953)	221,886

		At 1July				At 30June
		2022	Income	Expenditure	Gains	2023
			E	E	E	E
Unrestricted	fund
General fund		84,950	4,018	(10,116)	(1,758)	77,094
Restricted funds
Abergavenny	parish	810,288	144,586	(167,909)	(14,349)	772,616
Belmont parish		897,233	124,952	(72,171)	(15,888)	934,126
Weobley parish		185,612	55,759	(55,552)	(3,286)	182,533
Whitehaven	parish	1,136,696	151,904	(171,041)	(20,129)	1,097,430
Little Malvern		326,322	47,676	(48,651)	(5,778)	319,569
Central fund		14,381				14,381
		3,370,532	524,877	(515,324)	(59,430)	3,320,655
Totalfunds		3,455,482	528,895	(525,440)	(61,188)	3,397,749

						Transfer
		At 1July				from	At30June
		2021	income	Expenditure	Gains		2022
		E		E		E	E
Unrestricted	fund
General fund			1,939	(1,911)	(6,128)	91,050	84,950
Restricted funds
Abergavenny	parish		143,137	(118,629)	(48,486)	834,266	810,ZSS
Belmont parish			106,486	(55,081)	(52,192)	898,020	897,233
Weobley parish			36,736	(45,767)	(12,011)	206,654	185,612
Whitehaven	parish		141,149	(145,529)	(70,409)	1,211,485	1,136,696
Little Malvern parish			61,496	(45,005)	(19,134)	328,965	326,322
Central fund						14,381	14,3S1
			489,004	(410,011)	(202,232)	3,493,771	3,370,532
Totalfunds			490,943	(411,922)	(208,360)	3,584,821	3,455,482