## ST HELEN’S ATHERSLEY ENDOWMENT FUND  2024 

## _2023_ **INCOME** in 2024 

_Income intended for capital:_ 

- _0_ Standing order x 1 150.00 _0_ Donations 2,300.00 _0_ HMRC Gift Aid refund 0.00 2,450.00 _Income available for the church:_ 

- _0_ Bank interest 1.22 _0_ Dividends from shares 13.68 14.90 

- _0_ **Ordinary Income £2,464.90** 

## _2023_ **EXPENDITURE** in 2024 

|_3_|**EXPENDITURE**in 2024||
|---|---|---|
|_0_|Church expenditure|0.00|
||Ordinary Expenditure|£0.00|
|_0_|Shares bought in the CoE fund<br>**Total combined expenditure**|2,000.00<br>**£2,000.00**|
||Excess of income over expenditure|464.90|
|||£2,464.90|



## BALANCE SHEET 

|||BALANCE SHEET||
|---|---|---|---|
|JAN|01|Current Account|0.00|
|||Capital Fund, at the end of 2023|0.00|
|||**Opening balance**|**£0.00**|
|||Excess of ordinary income over exp.|2,464.90|
||||£2,464.90|
|DEC|31|Current Account|63.68|
|||Savings account|401.22|
|||Capital Fund, at the end of 2024|2,000.00|
|||**Closing balance**|**£2,464.90**|



## **ST HELEN’S ATHERSLEY ENDOWMENT FUND** 

A Charitable Incorporated Organisation Charity Commission number: 1201425 _Registered: 21.12.22_ 

## ANNUAL REPORT FOR 2024 

**Start.** Although we were registered at the end of 2022, it took some sixteen months, to 18[th] May 2024, to get a functioning bank account. Those setbacks are now in the past. 

**Income.** We received three initial donations during the summer, and now have one standing order.  This gave us £2,450 for our Capital.  A single dividend payment and a bit of bank interest gave us just under £15:  this could have been spent on church expenditure, but being so small an amount, it has been added to the capital. 

**Investment.** For the present, our capital is held in the Church of England Central Board of Finance Investment Fund (Income Shares), a fund set up and administered for just such church charities as ours.  It makes four (roughly equal) dividend payments a year. 

**Trustees.** Fr Peter Needham : Mr Paul Cunningham : Fr Nicholas Turner – once up and running smoothly, we shall add one more. 

**Purpose.** The idea is to provide a regular annual income, for the church to use when needed;  from a fund that cannot be used up or given away by either the diocese, the PCC or a future incumbent. This fund is not for the short term, nor the medium term, but for the long term future. 

**Bank details** for gifts and donations Sort code:  30–54–66 (Lloyds) A/c number:  11671368