2023-04-05-accounts

Charity number: 215834

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8 - 15

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2023

Trustees	Cannon Terence Anthony Carr, Chairman
	The Right Reverend Monsignor Clyde Hughes Johnson
	Father John Thomas
	Reverend Father John Browne (appointed 15 June 2022)
Charity registered number 215834 Principal office The Presbytery Maude Street Connahs Quay Flintshire CH5 4EQ Secretary Father Joseph Stewart, Treasurer, Correspondent and Assistant Secretary Accountants WR Partners Chartered Accountants 1 Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT Bankers HSBC Trelawney Square Flint Flintshire CH6 5AH Solicitors Allington Hughes 10 Grosvenor Road Wrexham LL11 1SD

Page 1

MENEVIA AND YIREXHMI INFIRM SECULAR CLERGY FUND TRU8TEES' REPORT FOR THE YEAR ENDED 5 APRIL 2023 The Trustees wesenl their annual ￿port tofftr the financi81 statemerts of the Menevb 8ThJ Wrexh8m Infirm Se¢ul•r Clergy FLmd for th8 p8ricJ from 6 Apil 2022 to 5 Awll 2023. Objectfves and actlvlll•• . Pollcl88 and obJgctl¥• The fund d￿1verd pUL￿1C benefft through ts reli￿ of povwty of t1￿& reedvlng grants. In setting oblectiV8S 8rxl ￿annIng for aclNlttes. the Trustees have glven due consKleration to 9ener81 guidance publlshed by the Chgnty Commis5￿Th re￿ng to putAic tenefft, indudry guhdence 'PubllG benefit.. running a charity (PB2)'. b. Gr•ntwklng pollcl•• Bonefft grants may be mode to ty lor lh• benefft of any member on of age or Infirmity Is unablo 10 attend th¢ dLrtl88 of hls office. The levd of grants ￿ d8od8d by the Annual General Meetiry bul thelr application lo original c48e818 at the dlscretion of tho Courtil. AW1ca￿ for sick gr3nts can ￿ made after one monlh of slckness and within three months of irKapa¢ity Skkne¥s grants are Intended to help applicants expenses incurred 88 a re8uf( of thdr ￿Ck￿$S or to mske up Incom• kxt 88 a r88uII of ￿CkneSs, 80 thAt appllcants can maintswi a reasonable 8taNJard of liviryj. A¢hl•v•m•nt• ind wrtorm•n . R•vlew of actlvlll•• Owlrvj tho th• FurMI made 15 granls totsulrvj £18.10012022'. 15 grant• totsllry £15.0001. b. Inv••lm•nt pollcy and perfornMnc• The value of tho Fund's Inv68tments de(¥eas•d over the year from £894,058 to £846.784. In¥e8knent Income amounted to £23,284. The Fund's Investment ralegy with its finandal advlsm Quilter & Co Ltd 18 to adopt low rfsk approath arKI inve$l 70% in equiti.es and 30% in gilts. 8 Oicy Nthich is kept und&r annual r8vi8w. The Trustees 8re of the opinion ttst the obl￿￿¥68 bèen met during ￿&r in ragard to both tncome and ¢8pital gr(yrth. Flnanclal wevl•w •. Golng conc•m After making appropriat8 erNuiries, the TnJ8tees have a reasonable expetstK)n that the Charity has adequate resources to continue In q)erational existence for the ts88eeable fvrture. For thi5 rem￿n. thèy continue to adopt the going corKrn baws in p￿parr￿j the finarrial slatemwrts. Furlher detalls rtyarding th• •jOptic￿ gf the going con¢em bas18 can be f(yJrKI in the acwnting pcAk¥es. Page 2

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 b. Ru•rv•• pollcy The Truslges ty lo m8intain he8llhy reserves in order to presèrve their irNestsnenl p)rtlollo. As above, grants 8W8rded dislribLrte the investment income wtrwlst m8intsining Ihe investment portftAio. Nel IrromlTrJ resoureA$ for the year before In￿$1Ment gair￿qlOs8es) amounted to £37.940. 01 th& dosing funds totalllng £998.279. £141,088} rewesented unrealised losses on tre market v81ue of investments carrted fop44ard. After accounting for investments, freo reswvos at tho ywond arn¢￿8d to £151,49512021.. £107,369). c. Prfnclpal flk• •nd uncertalnrf Tho Trust8es try lo minimise risk by consdering th8 annual16vel of grant making to be n8V8r dlwoF<)rtionale lo income of the Fund, therefore guarantgeing that the 'zg of inve51monl is maintained. Structurn. govtmince and manag•m•rt a. Conltltutlon Menevi8 and Wrgxham Infirn SKLdar Clergy Fund 1$ a rK¥sterod tharlty, numbw 215834, and 18 consJtrrted under a Trust dead. Th• prin¢tp4 1)bj8G18 of I1￿ ¢arity are flrslly th8 financ4al wpport of ttrh)s• of Ihe der9y of Thoceses af pA￿e¥￿9 and Wrexham who telng sublacts of tho88 Di¢Xe$88 and m8mbefS of tr Fund shall be incap8blo through infimiily in ok18ge or 8ithne88 of ￿rfO￿nIng dulles of th￿r offlce. and sècondly the spintual aid of Ihe members and benefactors livlThJ 8nd de&J. Tts benèfcbal aroa covéred by the Tnjst is tho Roman Catholic DI￿Se$ crf Meneyia and Wrnxham. b. M•thod• of appolnlmmt or •l•¢tlon (A Tru•tM• The management of the Charlty Is the responslts'lrty ol ts Trusteos wh) are dert¢d and co-opted uTraer the lems of the Trust tjeed. c. Ory•nlsatlonal •tructur• and dKl81¢)n4naklng pollcl The business of the Fund 1$ tran¥act¢¢J by a Counol wh'ch consists of lh¢ Presidonl, Treasurer, the Secr81ary and Iwo non-officer COU￿110r5 de(aed 81 the Annual General Me81ing. The co￿¢i1 mggt suffioently often to have Ffactlcal uJntrcA over the affalrs of the Fu￿J. d. Prlnclple actlvltl•8 The Fund receives investment i￿%)me from ils po1folio (Istn"l￿te¥ grants to walrf*ad appl￿18 as tho TN$to8$ d8tomiino in théir m8ating$. Pl•n• lorluturn perlod• The Trustees have assessed the FQlent￿l ImpaL# on the future opgrab.ons of th8 tharity. tsk¢ng into account tts underfying financial resources and strength. The Trustees cxrnder lh8 chanty to bo wdl posrtioned lo manage the current situation and seojre operations into the fulure. Pagg 3

MENEVIAAND WREXHAM INFIRM SECULAR CLERGY FUND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED S APRIL 2023 Statement of Trnlees' r•sponsibilitios Tha Trustees ar8 responsiblè for preparirKJ the Trust88s' reFty)rt and th8 flnanaal Statements in accordanc8 with aFpIic8b19 law and Unile¢J lQrKJdom Accounting StarKlards Iunrtga I￿ngd￿ Generdly AC￿pted A¢¢ountrng Practice). Th8 18w applubl6 to th8ritie$ In England & W81è5 requires the TTUSt888 to rryar8 flna￿alSt9tern8nts for each financial which 9iv8 a true and fair view of th8 $& ol affalrs ol the Charity and of r(5 in￿rnIng resources application of resources, in¢lu(lJng its ncome and exp8nthture. for that pen'od. In preparing Ihese financial 8tat8m8nts, tha TfUSt86S 8re required lo: Sultsb￿ aC￿n￿'r￿j pclioes then appty them consistenuy. observe the methods and prirriplos of the Cha￿￿8$ SORP {FRS 1021. make judgment$ and accounting estimates Ihal are reasonable prudent.. state whether applicable UK Accounbng Standards IFRS 1￿> h8ve boon folltxed. subject to any malerlal departur89 disclosed and WainJ in the finanaal slatemants., prepare the finanoal statements C￿ the g)iry concam b￿3 unl68s It Is inapwwata lo presuma that the Charity wll ¢onliNe in busiro$$. The Trustees a￿ responsib￿ for keeFfflg adequ8t8 ￿)untIng reoJrd8 th aro suffiaant to show and explain the Charity's transactiorys and di$dosè with re8son8Ue awra¢y al any time the finan￿81 position of the Chartty enaNe them to ensure Ih8t the fin￿001 statements ¢omply with the Charits"03 Act 2011, the Chafity (Accounts and Reports} Rfraulalons 2(YJ8 and the provis￿n8 ol t￿ Trust déad. They 8re also responsible for 8afegu8rding the assets of the Chgrity ar￿ henc• for takin9 reawnable Steps for Iho provention and detectSon of fraud and othw iFregukqribe$. Approved by order of members of the board ofTru8t888 and signod on tmr by.. Cannon Terence Anthony Carr {Ch8ir of Trustees) Date.. Page 4

MEN￿ AND WREXHAM INFIRM SECULAR CLERGY FUND INDEPENDEwf EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2023 Indèpend•nl ExJffllnoes fteport to th• TnMtw8 of Monèvla and Wrexham Intlrni Secular Cl•ryy Fund {Yhe Charfty'l I rewt to tho charityTrustees ¢Jn my examinatKYb of t￿ accwts al the Char￿/ for the year ervjed 5 WI 2023. Rg8pon81blllll•8 and Basls of Report As the Trustees of the Charfty you are m8poMit4e fty thg W•par￿On of the a￿UnIS wi aco)rdanc8 wllh 11 requirements of the Charities Act 2011 Ilhe 2011 A￿. I repjrt In respoct of my examln8tlon ofthe Charty8 accounts ¢arfed oth urthr 8ectkn 145 of the 2011 Act and In carying out my 8x8mlnalkin I have folIty￿ the ap￿Kable Direction8 given by the Charity Commission under Sectlon 145(5llb> of the 2011 Ind•p•nd•nt Examlnoh Stat•m•nt I have completed my examinatM. I confimi that M mthr5 have come to my att￿￿()￿ in conmcuon ￿th tho examination glvlng me causa to beliav6 that In any material tespacL accountlThJ recAxd• not k•pt In rasp¢(l of as ￿q￿red by $8ctkn 130 ofthe 2011 Act,. the acc￿ntS do not ac¢crfd wlth Ih06e ro¢tyd8: L the accounts do not C£¥nPty the applicable rnquirements cwming the fomi and conl8nl of account$ ￿ out in the Charilies lknwnts and RepNtsI Regulat￿& 2008 othgr tt)an any ￿qUIr$M0nI that th6 OCCOLmts givo 8 kn and lalrf vivw vthith r6 not a matter con8idoTed as part of an Indepgndent examination. I have no ¢on¢em$ orKI ho￿ com• •(¥oM no ¢Jther mattorn In connth wlih examir￿lI0ft to whid) Attenticffi 8hould b• In IN¥ report In order lo enable a understanth oftr accounts lo be reached. TrM$ reF<)rt Y8 mwje to the Clwivs Tru8tee4, u a body. ) ac¢ordaTrx wilh Part 4 of the CharftSe8 (Accounts and Rep)rts} Regulations 2008. My has been und8rtak8n so that I might stale lo the Charftys Trustee5 those matter8 l am required to stale to Ihem In an Independent examin*s report aThY for no other purp08e. To the fullest extent pemltted by law, l aeeept or asBumg responsibllity to anyone other than the Charity the Charit18 Tnth aB a body. for my or for thi8 rep S&ned'. S J Tweodio BS¢ FCA DCh4 WR Parthers Belmont Hou8e Shrewsbury Bu8lness Park Shrewsbury Sh￿p$hire SY2 6LG Page 5

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 6 APRIL 2023 Unr•8trlct•d funds 2023 Total funds 2023 Total fvnds 2022 Incom• frorn: Donations and legades Inve8b7Mnt8 41.720 41,720 11,970 24,211 Total Incom• 65,004 65,004 36,181 Exp•ndltsJr• on: Charitable ac11v￿¢s 27,064 24,095 Total •xp•ndtturn 27,1)64 27.064 24.095 N•t In¢om• ￿tOre n•1 (louMVg•ln• ¢ Investm•nts Nel Ilos8esllg•in8 4Jn hive*ments 37.940 141.088) 37,940 {41,0881 12,086 48.461 N•t mov•m•nt In fund• {3,1481 13.1481 60,547 R•conclllatlon of fund•: Total fund$ brought fcmrd Net movwnant in lund$ 1,001,427 13,148 1.001.427 13.148 940,880 60,547 14 Totsl fund8 caffl•d 10Th￿rd 998,279 898.279 I,￿1,427 The Statement of Flnandd A(ab¥itse8 includes all gain¥ wj bs8es recffjni8•Y In the year. Thè notes on pages 8 to 15 fomi part of t￿￿5¢ frn)dal statements. Page 6

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND BALANCE SHEET AS AT 6 APRIL 2023 2023 2022 Note Flx•d a•s•t¥ Investments 10 894.058 894,058 Currgnt •8l•t8 Dobtcrs Cash al ts￿k ard in hand 11 2, 646 108,116 162,869 166.137 110, 762 Creditors: amunl8 falling *itr¥n one year 12 13.6421 (3,393) N•t current a8•ets 151.496 107,369 Total as••ts1•8s curY•nt Ilabllftl 998,279 1,001,427 Net i•••l• oxcludlng p•n•lon 158•t I,cot.427 Total n•t a•••t• 998,279 1,001.427 Charlty fvnd¥ Restricted fiJnd$ Unreslritaed fvnds 13 13 998.279 l.¢Wt,427 Total fund8 998,279 1,001.427 Thè fin8na81 stal8m8nts wore approved and w1hI￿Sed for issu8 by Ihe Trusleos arK1 &gned on their tehaK by.. Cannon Ternnce Anthony Carr (Chair of TNsleesl Dale.. The not8s on pagos 8 to IS fom port ot the58fina￿aal statements. Pag8 7

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 6 APRIL 2023 eneral Inform￿10ft The pflnapal ablects ol the charity are firslly the ffinanclal gUPPOrt of those of the dergy of the Dlocesgs of Menevia and Wrexham who beiNJ sut4ects of thos8 DKJcèse$ 81x1 memters of the Fund shall be incapable through infirmity in old age or sickne$s of pertcKmirKJ dulK8s of thwr office, and secondly tha spiritual 8id of the members and t)efact¢ys limng aTrJ doad. The benefiaal area covgrgd by tho Trust is the Roman Catmic Eh'oceses of Men8via and Wrexham. Accounllng pollcle• 2.1 8asls ol pr•parallon of Ilnancl•l stat•m•nts The finanool stalem8nts have been prepared in ￿)rdance with Ihe Charities SORP IFRS 1021- Accounting and RepoftiThJ by Charib'es.. Statement of Rècommwded Practice applicatje lo tharilies eparing their a¢￿Unts in accc¥danco wlh tho FinarK4d Reporting Stsndard 8pplic2bl8 in the UK d Repubtlc of Ireland IFRS 10211?ffethve 1 January 20191, Ihe Financ4al Rewting Standard l￿ble in UK and Re￿￿[C of IrelarKI IFRS 1¢nl the Chari1188 Act 2011. Menevla and Wtsxham Innrni Secular Clargy Fund meets the d8finltlon of a p￿11¢ bonrfit ontity LWKl•r FRS 102. Assets and liatx'lities are initialty rocogrrised al historical ￿$1 or tr8ns8Ction value (MI￿6 othe￿IS8 $tatod in tho relevant accaiunting pdicy. Z2 Incom• All Incom8 18 r8cogr#s8d cfice tha Chartty h88 enottement to the income, 11 1$ probatAe that thè income wlll te received and lh8 amount of ino)me recaivatle can bg measurgd reliably. Th8 rectsJnition of inccTh from Wcies is dyrKlent on es￿lI81M.n9 ontlllgment, Iho Fxob8bilily of receipt the abs'lty lo estimate wilh suffic4ent ￿￿jraCY the am¢)unt re￿iVable. EV￿anCe of entiiement to a legacy eyjsts when the Charity has suffioent evfvjence that a gift h85 bfj￿ 18ft 10 them Ilhrough kn(￿edge of the e￿$ter￿e of a valid will and tha death of the benefactcxl and the execulor is satisfied that the property In We$l*)n will not be required lo satisfy dwms In thg eslale. Receipt of a lfrjacy must be re¢ognis&J when tt is probabl• that it will rec&ved and the fth'r valu8 ol the amLwtt receivable. %thich generally b8 the frxpthd cash am(x￿1 to b& di9thbLrted lo thé Charity, can be reliably measured. Income tax recov0rab￿ in relstion lo inveslrnent incomo 1$ recognls&Y at Iha Ime thg inve8tm8nl incom& is recavable. Pagè 8

MENEVIAAND WREXHAM INFIRM SECULAR CLERGY FUND NOTES TO THE FINANCIAL 8TATEMEpirs FOR THE YEAR ENDEO S APRIL 2023 AG¢ounllng pollcles Icontlnued 2.3 Exp•ndliurn Expenditure is recognisod ¢yKe ttre is a ￿01 or (Thstructive ci)Ilgallon to Iran$fer eCor￿MIC b8n8ffl1 to a thlrd paty, it Is probable Ihat a transfer of eeonornic beneffts will ￿ requirad In settthent ond the amount of the obllgation can bts meo$ured reliabty. Expenditrjre 18 dassified by actNty. The ¢08ts of each actNty are made up of Ihe lot41 of dlrect costs shared costs, Indudin9 3UPPOrt costs invc4ved in Underta￿￿￿ each xb'vty. Direct cosls attribLJtsble lo a ￿ngle aclNity are allocatèd dlreclly to that acaivty. Shared costs which Contr￿the lo m￿e than one actiwty and 6uFI)ort GQ5ts which are t attributable lo a single actiwty are aprth'ord beiw) thosè actIv￿.8S C￿ a basis consistent vrith Eyrbditure on tharitatAe kncurred cffl dIrK￿Y uTrJertA￿n9 tho •XvNi•8 whkh furthor Ch8rity5 obJgCtIv68, as well as ony OWKaated Support Costs. Grants paya￿• are charged in the ￿ar ￿en the offer18 made except in tt￿?80 cases wth¢re the offer Is condilicmal. such grants bglry rocogni8ed as expenditure wtron th• condth'ons attathlng aro fvMll&J. Grant6 offered ￿ble¢1 lo conditions vthlch have not met at year ￿ are noted a8 mmitmenl. but not ac¢n￿d 86 exw)ditur¢. l expand￿UreI1 IncIL￿e ￿ Iffe￿able VAT. 2A Invo•tmwts Flx•d 888et investments are a fomi of InJtNm•nl aThl are Inltlally recogn18ed 8t Ihelr tr8nsacllon c081 ar￿ subsequenoy mo•¥ur•d 8t falr value at Balar￿ 8hg91 dale. unless the value cannot bo mea8ured reEiabty in th'ch case it 18 measur￿1 At e4JsI knss impairment. Inv8slmenl oal and 108ses. wh8lh¢r roalsed or unrealls&J, are c4Jmblned and pre8ent&J a8 'Gainsl{Lo8se81 on Inve8tments' kn tha Statsmgnt of ￿ancIal acliv[b￿. 2.6 D•btorn Tradg and olher debtors are re¢ognis¢d al thg 88tt1gment amount after 8ny trade dl8count off•red. PrWa￿errtS are valued at the affl￿nt prepld rnt of any trade dis(%￿nts (hJ•. 2.6 Cash at bank and In hand Cash at bank 8nd in hand Ind￿ cash and shcrft-terni highty IiquKI inveslments ￿th a s￿1 malurlty of three monlhs or Jess from the dale of acwi811th or op￿ing ot the deFQSit or 8lmll8r 8￿nL 2.7 Llabllltlm and provknlons Li8bilthe$ are recognised when there is an obltgatlon at BaLqnc* 8heet d8te 05 a result of 8 Pg¥t event, it is probable tho1 a transfer of econ￿￿ benefft V•ill be requlr6d in 8éttE•men( and thé amount of ts settlement can be esh'matod rgliably. LIa1￿￿leS are rewnised 81 Ihe amount that thg cha￿ antscwes it Vlill pay to aett￿ Ihe debt or the amount it has recelved as advanc8d forthe g(￿8 N 6￿c0S rt rn￿t w0￿de. Provi%ons are measurod at the best estimate ofts amwnts required lo setue the otligalK)n. Whare the effect of the time value of money r& materi￿. the provislon Is basgd on the present value of those amounts, discount8d at ￿ prfrtsx dl8Ctiunl rate that refleth Ihe risks spea.fic to the Ikikilty. The urpmnthig ol thg di8CLK¥rt is recogntsed In the Statèm•nt of fin&rKial aclr¥itie8 a6 8 finance c08t Page g

MeNEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2023 Accountlng pollcles Icontlnu•d) 2.8 Flnanclal In•trnm•nts Thé Chaiity ￿lY finKy81 as8el8 afKI 11n8￿81 liibllitie8 of a knnd tt)at quallfy a8 basic thanclal instruments. Ba￿C finanryal instruments are hlllalty r￿OgnISed at transactw)n value and 8ub8equently measured at their 6etllement 2.9 Fund accountlng Gen8ral (￿￿1 are unre$trict&l funds thich are availab￿ for use at the discretion of the TNstees In furth8raru of the 9eneral oty6cUva8 of th8 Charity ¥thlch hava Tr)t bogn d¢signatsd for cther purpo8e$. Inv•stmert income. gn8 and1058•5 awe allo(abJ to ts approprfito fuThJ. Incom• Irom don•tloTh• and1•9•¢1 Unmtrlct•d fund• 2023 Total lund• 2023 Total fiinds 2022 Donations Legados simi￿r inLxming re￿Urc•S 40,000 1,720 40,000 1.720 10,OXI 1,920 41,720 41,720 11,970 Tolal 2022 11,970 11,970 Inv•stm•nt Incom• Unr•strktgd nds 2023 Total fund• 2023 Total fvnds 2022 IrKom• from bcal listed investm8rrts Investmwrt incA)me .Ire•8Ury Sto 23.242 42 23.242 42 24.173 23,284 23.284 24,211 Total2￿22 24,211 24,211 Page 10

MENEVIA AND WREXW INFIRM SECULAR CLERGY FUNO NOTES TO THE FINANCIAL STATEMEpif8 FOR THE YEAR ENDED S APRIL 2023 Inv08thn•nl Inc¢Jfflo (contlnuod) Analy818 ￿ grants Gr•nt• to Indlvldual$ 2023 Total funds 2023 Total fund9 2022 Grants 18.100 18.1DO 15.G((t Tot812022 15,C 11000 Analy•li of •xp•ndltur• on ¢h4rftsblo •CtlvlU•B 8un*n•ry ￿ fund type UnrB•trld•d fund¥ 2023 Total 2023 Tolal 2022 Gr8rt)t m8kiNJ 27. 24,095 Tot812022 24,095 24.095 An•ly8ls of oxpondlturfr by actMII68 Grant fvndSng of actlvltles 2023 Support ¢￿ts 2023 Totsl fvnds 2023 Tot81 2022 Grant makir#J 18,100 27,084 24,￿5 Tot812022 15.ClXI 9,095 24,095 Page11

MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Anaty8lB ol •xp•ndltur• by aclmtks (contlnu•d) Analys1• of support costs Total fund• 2023 Total funds 2022 Actlvlil•# 2023 Meetings Travel expen Bank charges Inve8tment managom•nt fees Govomance co¥ls 490 77 68 6,229 1100 730 154 23 &388 6.229 2,100 9,095 Total 2022 9,095 9,CVS Ind•p•ndent •xamln•rf• r•mun•r•tlon The Independent examlnofs remurwthn am￿1￿ to an Independent examinor f88 of £2,10012022 - £1.8CKD. Tru•t•e8' rnmun•ratlon and •xpon••# Duwin9 th• year, no TntheB receNed ￿Y remumration or olmr beneffts Q022. £NIL). DurirwJ ￿ar end¢d 5 Apil 2023, no Tntsta• expenses have been hcurred (2022- £NIU. Pagg 12

MENEVIA AND IMIEXHAM INFIRM SECULAR CLERGY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 *PRIL 2023 10. Flxad aset inv•stm•nts Other fix•d Inv••tm•nts Invostm•nts Total Co8t or v•luatlon At 6 Aprl 2022 Additlorro DIBposa18 Rev￿uati￿ 26,630 261,701 (263,6861 894,058 619,179 1525,36n {41,086} 257,478 1281,701) 141,086) At 5 April 2023 823.119 23.666 846,784 N•t book ¥•lu• At 5 Aprll 2023 823,119 23,666 846,784 At 5 AprAI 2022 868.428 25,630 894,058 11. Debtorn 2023 2022 l)u• vAthln on• y••r Prepayments and o¢crwd irKom• 2,268 2,646 1268 2,646 12. Credltorn: Amounts falllng du• wlthln on• ymr 2023 2022 Acc￿015 and dekned irK¥)me 3,642 3.393 Page13

IAENEVIAAND WREXHAIA INFIRM SECULAR CLERGY FUND NOTES TO THE FINANCIAL STATEMEPUS FOR THE YEAR ENDED O APRIL 2023 13. 8tat•m•nl of fund$ ststmngnt of fund$- ¢urrent year Balanc• at 6 Aprfl 2022 GaITr￿ Balanco at6 Incom• EXp￿dI1￿￿ ILo8sHI Aprfl X123 Unr••trlct•d fund* General Funds 1.001,427 66,004 (27.064} 141,0881 998,279 Statement of fundB- prlor y￿r G8in&i 8al8nco al (Loss88) SAprll 2022 l Awil 2021 IncLTh Expend#urn Unrn8trlct•d fund• neral FurKJs 940,880 36, 181 (24,095) 48.461 1,001,427 1& An4￿19 of n•t ••s•ts b•iw••n fvnd• An•ty•h of aM•ts b•tw••n fvnd• - currnnt y￿1 Unre¥trfcted funds 2023 Totsl fund¥ 2023 Fixed asset Investments Current 8s88ts Credltor8 due wlthln ono year 846,784 155.137 (3.6421 846.784 165.137 13,6421 Total 998,279 998,279 Page 14

IENEVIA AND VIREXH￿ INFIRM SECULAR CLERGY FUNO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2023 14. Anatysls of n•t aJs•ts belwn funds (contlnued) Anatysls of not M••ts bets￿n lund. prfor year Unrestnct8d funds 2022 2022 xed a8W inve8b))erts cUrr￿t as88ts Credltors vAthln ￿•r 894.058 894,058 110,762 110. T62 (3,393) (3,393J Total I,Ci11,427 1,001,427 Page15