## 

## 

|Trustee's report||1to 15|
|---|---|---|
|Legal and administrative|information|16to 17|
|Statement ofTrustee's|Responsibilities||
|Independent<br>Auditors'|Report|19to 22|
|Statement of Financial|Activities|23to 24|
|Balance Sheet||25|
|Statement of Cash Flows||26|
|Notes to the accounts||27to 52|





## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 




## 

||Legal and administrative|Legal and administrative|information|
|---|---|---|---|
|Principal Office|The Parish Office|||
||12Colston Parade|||
||Redcliffe|||
||Bristol|||
||BS16RA|||
|Solicitors|J Pyrke|||
||Shakespeare<br>Martineau|||
||6Queen Square|||
||Bristol|||
||BS14JE|||
|Stockbroker|I Richley|||
||Evelyn Partners|||
||Portwall<br>Place|||
||Bristol|||
||BS16NA|||
|Auditor|Burton Sweet|Limited||
||The Clock Tower|||
||5 Farleigh Court|||
||Old Western|Road||
||Flax Bourton|||
||Bristol|||
||BS481UR|||





|||St Mary Redcliffe Church|St Mary Redcliffe Church|Lands Charity|
|---|---|---|---|---|
|||Legal and administrative||information|
|Accountant||E Corrigan|||
|||Corrigan Accountants||Limited|
|||First Floor|||
|||25 King Street|||
|||Bristol|||
|||BS14PB|||
|Honorary|Surveyor|N Cussen|||
|||Chartered<br>Surveyor|||
|||8 Pembroke|Vale||
|||Bristol|||
|||BS83DN|||
|Bankers||CAF Bank Ltd|||
|||25 Kings Hill|Avenue||
|||West Mailing|||
|||Kent|||
|||ME19 4TA|||
|Insurance|Broker|Marsh Commercial|||
|||Castlemead|||
|||Lower Castle|Street||
|||Bristol|||
|||BS13AG|||





## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 



## 

## 

|||||||Year|9months|
|---|---|---|---|---|---|---|---|
|||||||ended 31|ended 31|
||||Unrestricted|Restricted|Endowment|December|December|
||||funds|funds|funds|2022|2021|
|||Note|f|f|E|f|E|
|Income from:||||||||
|Quoted investments|||587,133|80,587||667,720|462,130|
|Investment<br>properties|||241,518|||241,518|147,440|
|Tota I Income|||828,651|80,587||909,238|609,570|
|Expenditure<br>on:||||||||
|Raising funds||||||||
|Investment<br>management||||||||
|costs||4|(30,435)|(5,947)|(47,969)|(84,351)|(66,541)|
|Charitable<br>activities||||||||
|Maintaining<br>fabric and||||||||
|facilities ofSt Mary Redcliffe||||||||
|Church||5|(452,036)||(15,050)|(467,086)|(191,529)|
|Total expenditure|||(482,471)|(5,947)|(63,019)|(551,437)|(258,070)|
|Gains/losses<br>on investments||8|(78,502)|(123,272)|(938,489)|(1,140,263)|1,266,486|
|Net income/ (expenditure)||7|267,678|(48,632)|(1,001,508)|(782,462)|1,617,986|
|Transfer between<br>funds|||(7,676)|884|6,792|||
|Gains/losses<br>on revaluation|of|||||||
|fixed assets|||||143,334|143,334||
|Net movement<br>in funds|||260,002|(47,748)|(851,382)|(639,128)|1,617,986|
|Reconciliation<br>offunds||||||||
|Fund balances brought||||||||
|forward||16|3,118,755|2,023,350|20,750,390|25,892,495|24,274,509|
|Fund balances carried||||||||
|forward|||3,378,757|1,975,602|19,899,008|25,253,367|25,892,495|





## 

## 



## 

## 

|||Balance Sheet as at 31Dec|ember 2022|||
|---|---|---|---|---|---|
|||||31December|31December|
|||||2022|2021|
||||Note|f|f|
|Fixed assets||||||
|Fixed asset properties|||9|1,625,672|1,497,388|
|Investment<br>properties|||10|5,406,667|5,290,000|
|Quoted investments|||11|16,731,869|18,262,760|
|||||23,764,208|25,050,148|
|Current assets||||||
|Debtors|||12|51,919|10,264|
|Cash at bank and in|hand|||1,927,446|1,438,982|
|||||1,979,365|1,449,246|
|Current<br>liabilities||||||
|Creditors: Amounts|falling due within one year||13|(490,206)|(463,892)|
|Net current assets||||1,489,159|985,354|
|Total assets less current||liabilities||25,253,367|26,035,502|
|Creditors: Amounts|falling due after more than one year||14||(143,007)|
|Total net assets||||25,253,367|25,892,495|
|The funds ofthe charity:||||||
|Unrestricted<br>funds|||15,16|3,378,757|3,118,755|
|Restricted funds|||15,16|1,975,602|2,023,350|
|Permanent<br>endowment|||15,16|19,899,008|20,750,390|
|Total funds||||25,253,367|25,892,495|



## 



## 

## 

|Statement<br>of Cash Flows for the Year En|ded 31De|cember 2022||
|---|---|---|---|
||||9months|
|||Yearended|ended|
|||31December|31December|
|||2022|2021|
||Note|f|f|
|Net cash flow from operating<br>activities||694,736|395,897|
|Cash flows from investing<br>activities||||
|Dividends,<br>interest and rents from investment|2, 3|909,238|609,570|
|Proceeds from sale of investments||3,520,741|1,696,767|
|Increase<br>in cash held on long term deposits||228,206|(15)|
|Purchase of investments||(3,659,910)|(1,374,426)|
|Net cash flows from investing<br>activities||998,275|931,896|
|Net increase<br>in cash and cash equivalents||303,539|535,999|
|Cash and cash equivalents<br>at 1January||1,884,610|1,348,432|
|Change<br>in cash and cash equivalents<br>due to exchange rate||||
|movements||4,268|179|
|Cash and cash equivalents<br>at 31December||2,192,417|1,884,610|



## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

|Incom|e from quoted investments||||
|---|---|---|---|---|
|||||Year ended|
|||||31December|
|||Unrestricted|Restricted|2022|
|||f|f|f|
|Dividend|income|581,394|77,733|659,127|
|Interest|receivable|5,739|2,854|8,593|
|||587,133|80,587|667,720|
|||||9months|
|||||ended 31|
|||||December|
|||Unrestricted|Restricted|2021|
|||f|f|f|
|Dividend|income|405,714|55,859|461,573|
|Interest|receivable|543|14|557|
|||406,257|55,873|462,130|



## 

|||||||Year ended|
|---|---|---|---|---|---|---|
|||||||31December|
||||Unrestricted|Restricted|Endowment|2022|
||||f|f|f|f|
|Investment|property|rents|241,518|||241,518|
|||||||9months|
|||||||ended|
|||||||31December|
||||Unrestricted|Restricted|Endowment|2021|
||||f|f|f|f|
|Investment|property|rents|147,440|||147,440|





## 

## 

## 

|||||||Yearended|
|---|---|---|---|---|---|---|
|||||||31December|
||||Unrestricted|Restricted|Endowment|2022|
||||E|f|f|f|
|Expenditure|on properties||26,146|||26,146|
|Portfolio investment||management|||||
|fees|||4,289|5,947|47,969|58,205|
||||30,435|5,947|47,969|84,351|
|||||||9months|
|||||||ended 31|
|||||||December|
||||Unrestricted|Restricted|Endowment|2021|
||||E|f|f|f|
|Expenditure|on properties||23,564|||23,564|
|Portfolio investment||management|||||
|fees|||3,164|4,354|35,459|42,977|
||||26,728|4,354|35,459|66,541|





## 

## 

## 

|Charitable<br>a|ctivities -|Maintai|ning|fabric and facilit|ies ofSt Mary|Redcliffe Church||
|---|---|---|---|---|---|---|---|
||||||||Yearended|
||||||||31December|
||||Note|Unrestricted|Restricted|Endowment|2022|
|||||E|f|f|f|
|Grants payable|to St Mary|||||||
|Redcliffe PCC:||||||||
|Fund PCC staff costs|||23|86,808|||86,808|
||Church|repairs||103,948|||103,948|
||Church expenses|||153,801||15,050|168,851|
|Staff support||grants||56,499|||56,499|
|Support and governance||costs|6|50,980|||50,980|
|||||452,036||15,050|467,086|
||||||||9months|
|||||Unrestricted|Restricted|Endowment|ended 31<br>December|
||||Note||||2021|
|Grants payable|to St Mary|||||||
|Redcliffe PCC:||||||||
|Fund<br>PCC Staff costs|||23|(16,944)|||(16,944)|
||Church|repairs||53,877|||53,877|
||Church expenses|||69,860||7,613|77,473|
|Staff support||grants||26,185|||26,185|
|Support and governance||costs|6|50,938|||50,938|
|||||183,916||7,613|191,529|





## 

## 

## 

|Analysis|ofgoverna|nce<br>and support costs||||
|---|---|---|---|---|---|
||||||9months|
|||||Year ended|ended 31|
||||31December||December|
||||Note|2022|2021|
|||||f|f|
|Support costs||||||
|||Office costs||23,805|18,041|
||Finance|function costs||19,915|26,297|
|Governance|costs|||||
||Auditor's|remuneration||7,260|6,600|
|||||50,980|50,938|



## 

||||||9months|
|---|---|---|---|---|---|
|||||Yearended|ended|
|||||31December|31December|
|||||2022|2021|
|||||f|f|
|Auditor's|remuneration|including|VAT|7,260|6,600|





## 

## 

## 

|Gains/(los|ses)<br>on in|vest|ments|||||
|---|---|---|---|---|---|---|---|
||||||||Year ended|
||||||||31December|
|||||Unrestricted|Restricted|Endowment|2022|
|||||f|f|f|f|
|Realised gains/(losses)||on||(10,038)|(16,481)|48,261|21,742|
|investments||||||||
|||||(10,038)|(16,481)|48,261|21,742|
|Unrealised<br>investments|gains/(losses)||on|(68,464)|(106,791)|(1,107,685)|(1,282,940)|
|Exchange rate gain/(loss)|||on US|||4,268|4,268|
|Dollars||||||||
|Gain/(loss)|on revaluation||of|||116,667|116,667|
|investments||||||||
|||||(68,464)|(106,791)|(986,750)|(1,162,005)|
|Total gains/(losses)||||(78,502)|(123,272)|(938,489)|(1,140,263)|
||||||||9months|
||||||||ended 31|
||||||||December|
|||||Unrestricted|Restricted|Endowment|2021|
|||||f|f|f|f|
|Realised gains/(losses)||on||25,208|65,716|360,941|451,865|
|investments||||||||
|||||25,208|65,716|360,941|451,865|
|Unrealised|gains/(losses)||on|46,481|78,229|689,734|814,444|
|investments||||||||
|Exchange rate gain/(loss)|||on US|||177|177|
|Dollars||||||||
|||||46,481|78,229|689,911|814,621|
|Total gains/(losses)||||71,689|143,945|1,050,852|1,266,486|





## 

## 

|Fair value|||
|---|---|---|
|At 1January 2022||1,505,000|
|Revaluations||143,334|
|At 31December 2022||1,648,334|
|Depreciation|||
|At 1January 2022||7,612|
|Charge for the year||15,050|
|At 31December 2022||22,662|
|Net book value - Fair value less depreciation|||
|At 31December 2022||1,625,672|
|At 31December 2021||1,497,388|
|Fixed asset properties:|||
||2022|2021|
||f|f|
|1Colston Parade 8 Garage (Flats 1B8 1C)|483,334|436,700|
|2 Colston Parade|625,000|570,688|
|51Redcliff Hill|540,000|490,000|
||1,648,334|1,497,388|





|Fair value||
|---|---|
|At 1January 2022|5,290,000|
|Revaluation|116,667|
|At 31December 2022|5,406,667|
|Net book value||
|At 31December 2022|5,406,667|
|At 31December 2021|5,290,000|



|ne third o|fthe value is classed as investment<br>property|and two thirds as fixed asset pro|perty.|
|---|---|---|---|
|||Fair value at|Fair value at|
|||31December|31December|
|||2022|2021|
|||f|f|
|Investment|properties|||
|1Colston|Parade (Flat 1A)|241,667|220,000|
|Portwall<br>Lane, 2 Canynge Street and<br>69-75StThomas Street||4,565,000|4,565,000|
|63 —64 St|Thomas Street|600,000|505,000|
|||5,406,667|5,290,000|





## 

## 

||||Year ended 31|9months to 31|
|---|---|---|---|---|
||||December|December|
||||2022|2021|
|Market value|at opening date||17,390,180|16,446,214|
|Additions|||3,659,910|1,374,426|
|Disposals at opening||book value|(3,498,998)|(1,244,905)|
|Net unrealised|investment<br>gains||(1,282,940)|814,445|
||||16,268,152|17,390,180|
|Investment<br>cash and||cash equivalents|264,971|445,628|
|Investment<br>cash on||deposit|198,746|426,952|
|Market value|at closing date||16,731,869|18,262,760|
|Historical cost|at closing date||14,071,284|13,964,273|



## 

|12 Debtors|||
|---|---|---|
||31December|31December|
||2022|2021|
||f|f|
|Rental income|43,885|1,465|
|Prepayments|4,591|8,799|
|Other debtors|3,443||
||51,919|10,264|





## 

## 

## 

|13Creditors: amounts|falling due within one year||||
|---|---|---|---|---|
||||31December|31December|
||||2022|2021|
|||Note|f|f|
|Trade creditors|||301|8,680|
|Other creditors||||15,660|
|Accruals|||46,675|41,090|
|Deferred income|||77,178|45,625|
|Grant commitments||23|366,052|352,837|
||||490,206|463,892|
|14Creditors: amounts|falling due after one year||||
||||31December|31December|
||||2022|2021|
|||Note|f|f|
|Grant commitments||23||143,007|





## 

## 

|5Analysis of|net ass|ets bet|ween|funds|||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Provisions|Total 31|
||||||Quoted|Current|for|December|
|||||Property|Investments|Assets|Liabilities|2022|
|||||E|f|E|E|E|
|Endowment<br>funds (Note 16)|||||||||
|Church<br>Lands||||6,670,838|12,747,810|(47,969)||19,370,679|
|First Lord Dulverton||(Capital)|||65,580|||65,580|
|William<br>Frayne|||||79,131|||79,131|
|Susan Hooper|||||954|||954|
|Alice Gullick Bequest|||||3,866|||3,866|
|Guinea Street|Trust||||17,297|||17,297|
|Revaluation<br>reserve||||361,501||||361,501|
|||||7,032,339|12,914,638|(47,969)||19,899,008|
|Restricted funds (Note 16)|||||||||
|Extraordinary|Repair|Funds|||794,609|97,021||891,630|
|First Lord Dulverton||(Revenue)|||894,484|140,805||1,035,289|
|Guinea Street|Trust|||||1,028||1,028|
|Organ Repair|Fund|||||25,964||25,964|
|Other funds||||||21,691||21,691|
||||||1,689,093|286,509||1,975,602|
|Unrestricted|funds (Note 16)||||||||
|General|||||925,797|1,099,900|(366,052)|1,659,645|
|Designated<br>ERF|||||1,202,341|497,659||1,700,000|
|Lighting project designated|||fund|||2,655||2,655|
|Staff reserve|designated<br>fund|||||16,457||16,457|
||||||2,128,138|1,616,671|(366,052)|3,378,757|
|||||7,032,339|16,731,869|1,855,211|(366,052)|25,253,367|





## 

## 

|Prior year comparative|Prior year comparative|Prior year comparative|||||||
|---|---|---|---|---|---|---|---|---|
|||||||Net|Provisions|Total 31|
||||||Quoted|Current|for|December|
|||||Property<br>f|Investments<br>f|Assets<br>f|Liabilities<br>f|2021<br>f|
|Endowment<br>funds (Note 16)|||||||||
|Church<br>Lands||||6,685,888|13,804,594|(30,366)||20,460,116|
|First Lord Dulverton||(Capital)|||74,208|||74,208|
|William<br>Frayne|||||89,541|||89,541|
|Susan Hooper|||||1,079|||1,079|
|Alice Gullick Bequest|||||4,374|||4,374|
|Guinea Street|Trust||||19,572|||19,572|
|Revaluation<br>reserve||||101,500||||101,500|
|||||6,787,388|13,993,368|(30,366)||20,750,390|
|||||||Net|Provisions|Total 31|
||||||Quoted|Current|for|December|
|||||Property<br>f|Investments<br>f|Assets<br>f|Liabilities<br>f|2021<br>f|
|Restricted funds (Note 16)|||||||||
|Extraordinary|Repair|Funds|||857,818|54,779||912,597|
|First Lord Dulverton||(Revenue)|||960,792|101,797||1,062,589|
|Organ Repair|Fund|||||25,964||25,964|
|Guinea Street|Trust|||||509||509|
|Other funds||||||21,691||21,691|
||||||1,818,610|204,740||2,023,350|
|Unrestricted|funds (Note 16)||||||||
|General|||||1,165,698|729,789|(495,844)|1,399,643|
|Designated<br>ERF|||||1,285,083|414,917||1,700,000|
|Lighting project designated|||fund|||2,655||2,655|
|Staff reserve|designated<br>fund|||||16,457||16,457|
||||||2,450,781|1,163,818|(495,844)|3,118,755|
|||||6,787,388|18,262,759|1,338,192|(495,844)|25,892,495|





## 

## 

## 

|16 Funds|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrealised|||||
|||||||(losses)/|Gains/||||
||||Balance|||gains on|(losses)|Transfers||Balance|
||||at 1|Net||Investments|on Sales|and||at 31|
||||January|income/||and|of|Recoupment||December|
||||2022<br>f|(Expenditure)<br>E||Property<br>f|Investments<br>f|Orders<br>f||2022<br>E|
|Unrestricted<br>funds|||||||||||
|General|||1,399,643|346,180||(68,464)|(10,038)|(7,676)||1,659,645|
|Unrestricted<br>designated|||||||||||
|funds|||||||||||
|Designated<br>ERF|||1,700,000|||||||1,700,000|
|Lighting project|||||||||||
|designated<br>fund|||2,655|||||||2,655|
|Staff reserve designated|||||||||||
|fund|||16,457|||||||16,457|
||||1,719,112|||||||1,719,112|
|Tota I Unrestricted||funds|3,118,755|346,180||(68,464)|(10,038)|(7,676)||3,378,757|
|Restricted funds|||||||||||
|Extraordinary|Repair||||||||||
|Fund|||912,598|36,019||(62,367)|1,977|3,403||891,630|
|1st Lord Dulverton|||1,062,588|35,583||(44,424)|(18,458)|||1,035,289|
|Guinea Street|Trust||509||519|||||1,028|
|Alice Gullick|||||116|||(116)|||
|William<br>Frayne||||2,374||||(2,374)|||
|Susan Hooper|||||29||||(29)||
|Organ Repair Fund|||25,964|||||||25,964|
|Other|||21,691|||||||21,691|
|Tota I restricted|funds||2,023,350|74,640||(106,791)|(16,481)||884|1,975,602|





## 

## 

||||||Unrealised||||
|---|---|---|---|---|---|---|---|---|
||||||(losses)/|Gains/|||
||||Balance||gains on|(losses)|Transfers|Balance|
||||at 1|Net|Investments|on Sales|and|at 31|
||||January|income/|and|of|Recoupment|December|
||||2022<br>f|(Expenditure)<br>f|Property<br>f|Investments<br>f|Orders<br>f|2022<br>f|
|Endowment|funds||||||||
|Permanent|||||||||
|Church<br>Lands|||20,460,116|(63,019)|(1,081,471)|48,261|6,792|19,370,679|
|First Lord|Dulverton||||||||
|(Capita I)|||74,208||(8,628)|||65,580|
|W Frayne|||89,541||(10,410)|||79,131|
|SHooper|||1,079||(125)|||954|
|A Gullick Bequest|||4,374||(508)|||3,866|
|Guinea Street Trust|||19,572||(2,275)|||17,297|
|Revaluation|reserve on||||||||
|fixed asset|properties||101,500||260,001|||361,501|
|Total endowment||funds|20,750,390|(63,019)|(843,416)|48,261|6,792|19,899,008|
|Tota Ifunds|||25,892,495|357,801|(1,018,671)|21,742||25,253,367|





## 

## 

## 

## 

|Prior year c|ompar|atives|||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrealised||||
||||||(losses)/|Gains/|||
||||||gains on|(losses)|Transfers|Balance|
||||Balance|Net|Investments|on Sales|and|at 31|
||||at 6April|income/|and|of|Recoupment|December|
||||2021<br>f|(Expenditure)<br>f|Property<br>f|Investments<br>f|Orders<br>f|2021<br>f|
|Unrestricted|funds||||||||
|General|||990,630|343,053|46,481|25,208|(5,729)|1,399,643|
|Unrestricted|designated||||||||
|funds|||||||||
|Designated|ERF||1,700,000|||||1,700,000|
|Lighting project|||||||||
|designated|fund||2,655|||||2,655|
|Staff reserve designated|||||||||
|fund|||16,457|||||16,457|
||||1,719,112|||||1,719,112|
|Total Unrestricted||funds|2,709,742|343,053|46,481|25,208|(5,729)|3,118,755|





## 

## 

|||||||Unrealised|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||(losses)/|Gains/||||
|||||||gains on|(losses)|Transfers||Balance|
||||Balance|Net||Investments|on Sales|and||at 31|
||||at 6April|income/||and|of|Recoupment||December|
||||2021<br>f|(Expenditure)<br>f||Property<br>f|Investments<br>f|Orders<br>f||2021<br>f|
|Restricted funds|||||||||||
|Extraordinary|Repair||||||||||
|Fund|||812,972|22,299||42,573|31,647|3,107||912,598|
|1st Lord Dulverton|||966,623|26,240||35,656|34,069|||1,062,588|
|Guinea Street|Trust||||509|||||509|
|Alice Gullick|||||114|||(114)|||
|William<br>Frayne||||2,329||||(2,329)|||
|Susan Hooper|||||28||||(28)||
|Organ Repair Fund|||25,964|||||||25,964|
|Other|||21,691|||||||21,691|
|Tota I restricted|funds||1,827,250|51,519||78,229|65,716||636|2,023,350|
|Endowment<br>funds|||||||||||
|Permanent|||||||||||
|Church<br>Lands|||19,471,529|(43,072)||665,625|360,941|5,093||20,460,116|
|First Lord Dulverton|||||||||||
|(Capita I)|||64,679|||9,529||||74,208|
|W Frayne|||78,007|||11,534||||89,541|
|SHooper|||940|||139||||1,079|
|A Gullick Bequest|||3,811|||563||||4,374|
|Guinea Street|Trust||17,051|||2,521||||19,572|
|Revaluation<br>reserve on|||||||||||
|fixed asset properties|||101,500|||||||101,500|
|Total endowment||funds|19,737,517|(43,072)||689,911|360,941|5,093||20,750,390|
|Tota Ifunds|||24,274,509|351,500||814,621|451,865|||25,892,495|





## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

|7Analysis of|changes<br>in net funds||||
|---|---|---|---|---|
|||At 1January||31December|
|||2022|Cash flows|2022|
|||f|f|f|
|Cash at bank <br>accounts)|(excluding over 90day|1,438,982|488,464|1,927,446|
|Investments|- cash and cash|445,628|(180,657)|264,971|
|equivalents|||||
|||1,884,610|307,807|2,192,417|
|||At 6 April||31December|
|||2021|Cash flows|2021|
|||f|f|f|
|Cash at bank|(excluding over 90day|1,220,618|218,364|1,438,982|
|accounts)|||||
|Investments|—cash and cash||||
|equivalents||127,814|317,814|445,628|
|||1,348,432|536,178|1,884,610|





## 

## 

## 

|18Reconciliation<br>of net incom|e/(expenditure)<br>to net c|ash flow from op|erating<br>activities||
|---|---|---|---|---|
|||||9months|
||||Yearended|ended|
||||31December|31December|
||||2022|2021|
|||Note|f|f|
|Cash flows from operating<br>activities|||||
|Net (expenditure)/income|||(639,128)|1,617,986|
|Adjustments<br>for non-cash<br>items|||||
|Dividends,<br>interest and rents from investments||2, 3|(909,238)|(609,570)|
|(Gains)/losses<br>on investments|||1,261,198|(1,266,307)|
|(Gains) on exchange rates|||(4,268)|(179)|
|(Gains) on investment<br>property|revaluations||(116,667)||
|Depreciation|||15,050|7,612|
|(Gains) on fixed asset property|revaluations||(143,334)||
||||(536,387)|(250,458)|
|Working capital adjustments|||||
|(Increase)/decrease<br>in debtors||12|(41,655)|9,103|
|Increase<br>in creditors||13|13,098|21,351|
|Decrease<br>in grant commitments||23|(129,792)|(175,893)|
|Net cash flows from operating|activities||(694,736)|(395,897)|





## 

## 

## 

||||||||9months|
|---|---|---|---|---|---|---|---|
||||||||ended|
|||||Unrestricted|Restricted|Endowment|31December|
|||||funds|funds|funds|2021|
|||||E|E|f|E|
|Income from:||||||||
|Quoted investments||||406,257|55,873||462,130|
|Investment<br>properties||||147,440|||147,440|
|Tota I Income||||553,697|55,873||609,570|
|Expenditure<br>on:||||||||
|Raising funds||||||||
|Investment<br>management|costs|||(26,728)|(4,354)|(35,459)|(66,541)|
|Charitable<br>acti vities||||||||
|Maintaining<br>fabric and facilities|||ofSt|||||
|Mary Redcliffe Church||||(183,916)||(7,613)|(191,529)|
|Total Expenditure||||(210,644)|(4,354)|(43,072)|(258,070)|
|Gains/losses<br>on investment||assets||71,689|143,945|1,050,852|1,266,486|
|Net income/ (expenditure)||||414,742|195,464|1,007,780|1,617,986|
|Transfers between<br>funds||||(5,729)|636|5,093||
|Net movement<br>in funds||||409,013|196,100|1,012,873|1,617,986|
|Reconciliation<br>offunds||||||||
|Total funds brought<br>forward||||2,709,742|1,827,250|19,737,517|24,274,509|
|Total funds carried forward||||3,118,755|2,023,350|20,750,390|25,892,495|
|Income and expenditure|by|fund|is shown|in note 16.||||





## 

## 

## 

## 

## 

|Grants to <br>Council|St Mary Redcliffe P|arochial<br>C|hurch||||
|---|---|---|---|---|---|---|
||||||Tofund|Year ended|
|||||Tofund staff|fabric project|31December|
|||||costs|450|2022 Total|
|||||f|f|f|
|As at 1January 2022||||354,014|141,830|495,844|
|Committed|and charged to expenditure||in year|86,808||86,808|
|Paid in year||||(216,600)||(216,600)|
|As at 31December 2022||||224,222|141,830|366,052|
|Short-term|grant commitment|||224,222|141,830|366,052|
|Long-term|grant commitment|over 1year|||||
|Total grant|commitment|||224,222|141,830|366,052|





## 

## 

|||Notes to th|e accoun|ts for th|e Year Ended 3|1December 202|2|
|---|---|---|---|---|---|---|---|
||||||||9months|
|||||||Tofund|ended 31|
||||||Tofund staff|fabric project|December|
||||||costs|450|2021Total|
||||||f|f|f|
|As at 6April||2021|||529,907|141,830|671,737|
|Committed||and charged to expenditure||in year|(16,944)||(16,944)|
|Paid in year|||||(158,949)||(158,949)|
|As at 31December 2021|||||354,014|141,830|495,844|
|Short-term||grant commitment|||211,007|141,830|352,837|
|Long-term|grant commitment||over 1year||143,007||143,007|
|Total grant||commitment|||354,014|141,830|495,844|



##