| Total | Total | ||||
|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||
| Income from: | |||||
| investments | 264,302 | 231,761 | |||
| Charitable activities - teaching |
390,367 | 250,198 | |||
| Total income | 654,669 | 481,959 | |||
| Expenditure on: |
|||||
| Raising funds - investment Charitable expenditure — |
management teaching |
fees | 40,403 104,630 |
36,583 184,513 |
|
| Total expenditure | 145,033 | 221,096 | |||
| Net income before (losses)/gains | 509,636 | 260,863 | |||
| Gains/(tosses) on investments |
126,832 | {1,243,190) | |||
| Net income/(expenditure) | 636,468 | {982,327) | |||
| Reconciliation offunds |
|||||
| Total funds at 1 October 2022 | 9,536,503 | 10,518,830 | |||
| Total funds at 30September 2023 | 210,'I 72,971 | F9,536,503 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Cashflows from operating |
activities: | ||||
| Net movement in funds |
636,468 | (982,327) | |||
| Investment income |
(264,362) | (231,761) | |||
| Investment management |
fees | 40,403 | 36,583 | ||
| (Gain)/Loss on investments |
(126,832) | 1,243,190 | |||
| Decrease/(Increase) in |
Debtors | 450,204 | (354,247) | ||
| (Decrease)/Increase in |
Creditors | (399,439) | 396,839 | ||
| 336,502 | 108,277 | ||||
| Cashflows from investing |
activities | ||||
| Investment management |
fees | (40,403) | (36,583) | ||
| Purchase of investments | (1,011,388) | (1,729,396) | |||
| Proceeds from sale of investments | 530,677 | 1,061,555 | |||
| Investment income |
264,302 | 231,761 | |||
| (Increase)/Decrease in |
investment | cash | (35,006) | 138,047 | |
| (291,818) | (334,616) | ||||
| Increase in cash |
44,684 | (226,339) | |||
| Cash at 1 October 2022 | 160,637 | 386,976 | |||
| Cash at 30September | 2023 | 205,321 | 160,637 |
| FIXEDASSET | INV | ESTMENT | S | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| K | |||||
| Quoted investments | |||||
| At 1 October 2022 at market value | 8,951,933 | 9,527,282 | |||
| Additions | 1,011,388 | 1,729,396 | |||
| Disposals | (530,677) | (1,061,555) | |||
| Realised and unrealised (losses)/gains |
126,832 | (1,243,190) | |||
| Market value at | 30September | 2023 | 9,559,476 | 8,951,933 | |
| Cash | 114,400 | 79,394 | |||
| Total investments | at market | value | F9,673,876 | F9,031,327 | |
| Cost at 30September 2023 | F8,443,958 | F8,065,778 | |||
| Market | Value | ||||
| 2023 | 2022 | ||||
| E | |||||
| Quoted investments | |||||
| UK Government | Stocks and Fixed Interest Bonds | 1,216,39 | 921,548 | ||
| UK Equities and | Convertibles | 2,353,495 | 560,530 | ||
| Other | 5,802,689 | 7,297,069 | |||
| 9,372,578 | 8,779,147 | ||||
| Mixed motive social | investment | (see below) | 186,898 | 172,786 | |
| Cash | 114,400 | 79,394 | |||
| Total | E9,673,876 | F9,031,327 |
| 3. | DEBTORS | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Due within one year | |||||
| Proceeds from sale of property | 50,400 | 50,400 | |||
| Accrued income | 70,138 | 73,942 | |||
| Fees receivable | 396,000 | ||||
| 120,538 | 520,342 | ||||
| Due after one year | |||||
| Proceeds from the sale of property | 180,800 | 231,200 | |||
| f301,338 | 2751,542 | ||||
| 4. | CREDITORS | ||||
| 2023 | 2022 | ||||
| Due within one year | |||||
| Fees received in advance |
396,000 | ||||
| Accrued expenditure | 7,564 | 11,003 | |||
| 87,564 | f407,003 | ||||
| 5. | INVESTMENT INCOME | ||||
| 2023 | 2022 | ||||
| Dividends and interest on investment |
holdings | 264,136 | 231,756 | ||
| Bank interest | 166 | 5 | |||
| F264,302 | E231,761 | ||||
| 6. | ANALYSIS OF EXPENDITURE | ||||
| 2023 | 2022 | ||||
| Charitable expenditure |
—direct education costs | ||||
| Teaching expenses | 81,583 | 153,109 | |||
| Travel and motor expenses Books |
13,073 'l15 |
13,286 527 |
|||
| Bank charges | 'I83 | 184 | |||
| Office and sundry expenses | 2,170 | 9,366 | |||
| Governance costs (see below) |
7,506 | 8,041 | |||
| f104,630 | f184,513 | ||||
| Raising funds | |||||
| Investment management |
fees | 40,403 | 36,583 | ||
| 6145,033 | f221,096 |
| 2023 | 2022 | ||
|---|---|---|---|
| Governance costs | |||
| Audit | 3,840 | 6,000 | |
| Accountancy | 1,140 | 1,700 | |
| Trustees' | travel expenses | 2,526 | 341 |
| E7,506 | E8,041 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| INCOME FROM: | |||||||
| Fees charged to dioceses |
390,367 | 250,198 | |||||
| Dividends | and interest | 264,136 | 231,756 | ||||
| Interest —money market and current | 166 | 5 | |||||
| Total income | 654,669 | 481,959 | |||||
| EXPENDITURE ON: | |||||||
| Direct charitable expenditure |
|||||||
| Teaching expenses | |||||||
| -Tuition | 50,314 | 129,800 | |||||
| -Teaching | expenses | 31,269 | 23,309 | ||||
| 81,583 | 153,109 | ||||||
| Travel and | motor expenses | ||||||
| -Travel | 13,073 | 12,862 | |||||
| -Trustees' | travel expenses | 2,526 | 424 | ||||
| 15,599 | 13,286 | ||||||
| Office and | sundry expenses | ||||||
| -Computer | 8 office consumables | 50 | 271 | ||||
| -Sundry expenses | 2,120 | 5,023 | |||||
| -Other | 4,413 | ||||||
| 2,170 | 9,707 | ||||||
| Books | 115 | 527 | |||||
| Bank charges | 183 | 184 | |||||
| 298 | 711 | ||||||
| Management and administration |
|||||||
| -Audit and | accountancy | 4,980 | 7,700 | ||||
| -Investment | management | fees | 40,403 | 36,583 | |||
| 45,383 | 44,283 | ||||||
| Total expenditure | 145,033 | 221,096 | |||||
| hlet income | before (losses)/gains | on | investments | 509,636 | 260,863 | ||
| Realised 8 | unrealised (losses)/gains |
on | |||||
| investments | 126,832 | (1,243, 190) | |||||
| 636,468 | (982,327) | ||||||
| Net (expenditure)/income | |||||||
| Total funds | brought forward at 1 |
October 2022 | 9,536,503 | 10,518,830 | |||
| Total funds | carried forward | at 30 | September 2023 | f10,172,971 | E9,536,503 |