2022-12-31-accounts

Ex-officio:		The Master
		The Incumbent ofthe present benefice	ofBenson	with Ewelme
		The Lord ofthe Manor of Ewelme (Vacant)
Co-opted:		Mrs I Birch Reynardson (serving 5years from April		2020)
		The Countess of Buckinghamshire (resigned October 2022)
		P W Chamberlain (serving 5years from	November	2022)
		K LCooper (serving 5years from April	2020)
		P H 8Gosset (serving 5years from November 2022)
		Mrs V M Stattersfield (serving 5years from 2021)
Principal address:		126 High Street Oxford
Trust Manager:		J A Oliver (until July 2022), M Winram	(June-November		2022) A	Saunders	(from
		February 2023)
Receiver to	the Trustees:	AJ Robson
Auditor:		Wenn Townsend, 30StGiles, Oxford
Agents:		Sidleys, 6 King Edward Street, Oxford
Solicitors:		HMG Law LLP, 126 High Street, Oxford
Bankers:		Barclays Bank pic Cornmarket Street, Oxford
Investment	advisors:	Cazenove Capital Management (part	of the Schroders		Group),	12 Moorgate
		London

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						God's House in Ewe	God's House in Ewe	lme
						Balance Sheet
						as at31st	December	2022
								2022		2021
						Note
Fixed assets
Tangible assets						11		3,219,011		3,219,011
Investment properties						12		29,448,589		29,315,133
Quoted investments						12		8,969,356		10,013,741
								41,636,956		42,547,885
Current assets
Debtors							164,798		169,750
Bank deposit accounts							129,195		128,414
Bank current accounts			and	petty cash			42,272		60,311
Due from Ewelme		Exhibition			Endowment		7,105
							343,370		358,475
Current liabilities
Due to Ewelme Other creditors	Exhibition			Endowment		5 10	(85,255)		(864) (94,274)
							(85,255)		(95,138)
Net current assets								258,115		263,337
Net assets								41,895,071		42,811,222
Represented by:
Permanent endowment			funds			13		40,597,878		41,074,759
Unrestricted funds						14		1,297,193		1,736,463
								41,895,071		42,811,222

					2022		2021
Net cash used in operating	activities (note 18)				(626,665)		(462,226)
Cash flow from investing	activities:
Interest and dividends				220,264		253,307
Proceeds from sale of investments				4,294,639		1,604,056
Purchase of investments				(3,905,496)		(2,260,175)
Net cash (used in)/provided	by investing		activities		609,407		(402,812)
Change in cash and cash equivalents		in the	year		(17,258)		(865,038)
Cash and cash equivalents	brought	forward			188,725		1,053,763
Cash and cash equivalents	carried	forward			171,467		188,725

Upkeep and maintenance ofAlmshouses and the So	uth Aisle and St.John's Chape	l of Ewelme
	2022f	2021f
Council tax, water rates and insurance	17,868	24,889
Repairs	76,333	69,744
Fuel oil	47,707	30,623
Electricity	23,365	13,754
Cleaning	6,115	2,099
Garden upkeep	27,427	36,675
	198,815	177,784

Expenditur	e on Almsm	en's Account
			2022	2021
Attendance	on almsmen		17,351	17,122
Chaplain's	salary		7,000	6,000
Telephone			2,940	2,924
Sundry expenses			1,362	582
			28,653	26,628
Expenses	ofproperties
			2022	2021
Repairs and maintenance			467,219	192,826
Professional	charges re	repairs and maintenance	46,098	23,805
Receiver's	management	fees and expenses	110,103	92,229
Insurance			60,785	60,931
Rates, heat	and light		12,677	12,310
Other professional charges			30,123	57,283
Bad debts			(785)	3,552
			726,220	442,936

							2022	2021
	Annual	grant payable	to the Ewelme		Exhibition	Endowment	270,000	270,000
	Amount	paid in year					(270,000)	(270,000)
	Amount	outstanding	at beginning	of	year		864	5,856
	Administrative salary		paid				(7,969)	(4,992)
	Total due at 31stDecember 2022						(7,105)	864
6.	Grants	and Donations
							2022	2021
	Grants	and donations	include the following:
	The Millstream Day Centre Other under f1,000						11,000 105	807
							11,105	807

7.	Support and gover	nance cost	s
							2022f		2021f
	The breakdown ofsupport costs		and governance		costs is:
	Support costs
	Trust manager's salary including		Social	Security		12,046		10,911
	Sundry expenses					9,033		2,039
							21,079		12,950
	Governance costs
	Trust manager's salary including		Social	Security		28,107		25,459
	Auditor's fees - audit					12,948		11,742
	— non audit					3,600		3,600
	Master's expenses							500
	Trustees' indemnity	insurance				3,315		3,449
							47,970		44,750
	Total costs, all allocated to charitable			activities			69,049		57,700
8.	Total staff costs
							2022		2021f
	Salaries and wages						63,674		58,680
	Social security costs						829		812
	Total staff costs						64,503		59,492

9.	Debtors
						2022	2021
	Rents and maintenance		contributions		receivable	99,994	91,385
	Prepayments	and accrued income				64,804	77,786
	Other debtors						579
						164,798	169,750
10.	Creditors: due	within one year
						2022	2021
	Repairs to property					9,808	23,628
	Accruals and deferred		income			74,719	54,307
	Surveyors' fees and professional			charges		132	14,867
	Other creditors					596	1,472
						82,255	94,274
11.	Tangible fixed	assets
						2022	2021
						Freehold	Freehold
						propertyf	property
	Value at 1stJanuary 2022 and 31stDecember 2022					3,219,011	3,219,011
	Historical cost at 31st December			2022		250,183	250,183

d asset investments	d asset investments
God's House in Ewelme -Charity				2022		2021
Quoted investments
Market value at 1stJanuary 2022			10,013,741		8,532,882
Additions at cost			3,689,446		2,117,353
Increase)/(decrease)	in market value		(532,737)		947,770
Disposal proceeds Loss on disposal Increase/(decrease)	in cash pending	investments	(4,294,639) 10,951 82,594		(1,604,056) (34,300) 54,092
Market value at 31st	December 2022			8,969,356		10,013,741
Investment properties
Market value at 1stJanuary 2022			29,315,133		29,226,403
Additions			133,456		88,730
Disposal proceeds (less costs to sell)
Gain on disposal (less costs to sell)
Market value at 31st	December 2022			29,448,589		29,315,133
Total				38,417,945		39,328,874

				Permanent
				Endowment
				Fundf
Balance Increase Loss on	at 1stJanuary 2022 in market value ofquoted investments disposal ofquoted investments			41,074,759 (487,832) 10,951
Balance	at 31stDecember	2022		40,597,878
Balance Increase Loss on	at 1stJanuary 2021 in market value of quoted investments disposal ofquoted investments			40,232,792 876,267 (34,300)
Balance	at 31stDecember	2021		41,074,759

investments, investment properties and	fixed assets) as f	ollows:-
		2022		2021
Permanent endowment
Quoted investments Investment properties Fixed assets	f f	582,821 26,024,410 2,968,828	f f f	1,427,376 26,024,410 2,968,828

Unrestricted funds
			Extraordinary
			repair and
		General	restoration	2022
		fundf	fundf	Totalf
Balance at 1stJanuary 2022		1,486,463	250,000	1,736,463
Deficit for the year		(394,364)		(394,364)
(Decrease)/increase	in market value ofquoted
investments		(36,194)	(8,712)	(44,906)
Transfer offunds		(8,712)	8,712
Balance at 31stDecember 2022		1,047,193	250,000	1,297,193

		Extraordinary
		repair and
	General	restoration	2021
	fundf	fundf	Totalf
Balance at 1stJanuary 2021	1,485,275	250,000	1,735,275
Deficit for the year	(70,315)		(70,315)
Increase in market value ofquoted
investments	61,202	10,301	71,503
Transfer offunds	10,301	(10,301)
Balance at 31stDecember 2021	1,486,463	250,000	1,736,463

					Endowment	Unapplied	Total
					for	total	endowment
					investment	return
At 1stJanuary		2022:
Gift component		of permanent		endowment	6,018,576		6,018,576
Unapplied	total	return	brought	forward		2,522,039	2,522,039
					6,018,576	2,522,039	8,540,615
Movements:
Gains on	investment		values			(476,881)	(476,881)
Transfers	out				(133,456)		(133,456)
					5,885,120	2,045,158	7,930,2?8
Unapplied	total	return	income	in year	144,523	50,224	194,747
Dividend	return	allocated to income			(144,523)	(50,224)	(194,747)
Gift component		ofpermanent		endowment	5,885,120		5,885,120
Unapplied	total	return	carried	forward		2,045,158	2,045,158
Total at 31stDecember 2022					5,885,120	2,045,158	7,930,278

Reconciliation ofnet movement in funds	to net cash flow from	operating activities
		2022	2021f
Net movement in funds		(916,151)	843,155
(Deduct)/add change in market value of investments Deduct interest income shown in investing activities Deduct losses/(gains) on investments		532,737 (220,264) (10,951)	(947,770) (253,307) 34,300
(Increase)/decrease in debtors Increase/(decrease) in creditors		(2,153) (9,883)	8,916 (147,520)
Net cash used in operating activities		(626,665)	(462,226)

Reconciliation of	funds
		Permanent		Totals
		Endowment	Unrestricted	2022
At 1stJanuary 2022		41,074,759	1,736,463	42,811,222
Net movement in funds		(476,881)	(439,270)	(916,151)
At 31stDecember	2022	40,597,878	1,297,193	41,895,071
Represented by:
Debtors Cash at bank and	in hand		171,903 171,467	171,903 171,467
Creditors due within one year			(85,255)	(85,255)
Net current assets			258,115	258,115
Quoted investments		7,930,278	1,039,078	8,969,356
Investment property		29,448,589		29,448,589
Tangible fixed assets		3,219,011		3,219,011
		40,597,878	1,297,193	41,895,071
		Permanent		Totals
		Endowment	Unrestrictedf	2021f
At 1stJanuary 2021		40,232,792	1,735,275	41,968,067
Net movement in funds		841,967	1,188	843,155
At 31stDecember	2021	41,074,759	1,736,463	42,811,222
Represented by:
Debtors			169,750	169,750
Cash at bank and in hand			188,725	188,725
Creditors due within	one year		(95,138)	(95,138)
Net current assets			263,337	263,337
Quoted investments		8,540,615	1,473,126	10,013,741
Investment property		29,315,133		29,315,133
Tangible fixed assets		3,219,011		3,219,011
		41,074,759	1,736,463	42,811,222