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|||||Total|Total|
|---|---|---|---|---|---|
||||Notes|2023|2022|
|Income from:||||||
|investments||||264,302|231,761|
|Charitable<br>activities - teaching||||390,367|250,198|
|Total income||||654,669|481,959|
|Expenditure<br>on:||||||
|Raising funds - investment<br>Charitable<br>expenditure<br>—|management<br>teaching|fees||40,403<br>104,630|36,583<br>184,513|
|Total expenditure||||145,033|221,096|
|Net income before (losses)/gains||||509,636|260,863|
|Gains/(tosses)<br>on investments||||126,832|{1,243,190)|
|Net income/(expenditure)||||636,468|{982,327)|
|Reconciliation<br>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|









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|||||2023|2022|
|---|---|---|---|---|---|
|Cashflows<br>from operating||activities:||||
|Net movement<br>in funds||||636,468|(982,327)|
|Investment<br>income||||(264,362)|(231,761)|
|Investment<br>management|fees|||40,403|36,583|
|(Gain)/Loss<br>on investments||||(126,832)|1,243,190|
|Decrease/(Increase)<br>in|Debtors|||450,204|(354,247)|
|(Decrease)/Increase<br>in|Creditors|||(399,439)|396,839|
|||||336,502|108,277|
|Cashflows<br>from investing||activities||||
|Investment<br>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<br>income||||264,302|231,761|
|(Increase)/Decrease<br>in|investment||cash|(35,006)|138,047|
|||||(291,818)|(334,616)|
|Increase<br>in cash||||44,684|(226,339)|
|Cash at 1 October 2022||||160,637|386,976|
|Cash at 30September|2023|||205,321|160,637|





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|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<br>(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|





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|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<br>in advance||||396,000|
||Accrued expenditure|||7,564|11,003|
|||||87,564|f407,003|
|5.|INVESTMENT INCOME|||||
|||||2023|2022|
||Dividends<br>and interest on investment||holdings|264,136|231,756|
||Bank interest|||166|5|
|||||F264,302|E231,761|
|6.|ANALYSIS OF EXPENDITURE|||||
|||||2023|2022|
||Charitable<br>expenditure|—direct education costs||||
||Teaching expenses|||81,583|153,109|
||Travel and motor expenses<br>Books|||13,073<br>'l15|13,286<br>527|
||Bank charges|||'I83|184|
||Office and sundry expenses|||2,170|9,366|
||Governance<br>costs (see below)|||7,506|8,041|
|||||f104,630|f184,513|
||Raising funds|||||
||Investment<br>management|fees||40,403|36,583|
|||||6145,033|f221,096|





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|||2023|2022|
|---|---|---|---|
|Governance costs||||
|Audit||3,840|6,000|
|Accountancy||1,140|1,700|
|Trustees'|travel expenses|2,526|341|
|||E7,506|E8,041|



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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|INCOME FROM:||||||||
|Fees charged<br>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<br>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<br>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<br>(losses)/gains|||on||||
|investments|||||126,832||(1,243, 190)|
||||||636,468||(982,327)|
|Net (expenditure)/income||||||||
|Total funds|brought<br>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|