**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**<br>**number**<br>215834<br>**Principal office**<br>The Presbytery<br>Maude Street<br>Connahs Quay<br>Flintshire<br>CH5 4EQ<br>**Secretary**<br>Father Joseph Stewart, Treasurer, Correspondent and Assistant Secretary<br>**Accountants**<br>WR Partners<br>Chartered Accountants<br>1 Edison Court<br>Ellice Way<br>Wrexham Technology Park<br>Wrexham<br>LL13 7YT<br>**Bankers**<br>HSBC<br>Trelawney Square<br>Flint<br>Flintshire<br>CH6 5AH<br>**Solicitors**<br>Allington Hughes<br>10 Grosvenor Road<br>Wrexham<br>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 p8ric*J 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(y*rth.
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 corK*rn 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￿$1Ment gair￿qlOs8es) amounted to £37.940. 01 th& dosing
funds totalllng £998.279. £141,088} rewesented unrealised losses on tre market v81ue of investments carrted
fop44ard.
After accounting for investments, freo reswvos at tho ywond arn¢￿8d to £151,49512021.. £107,369).
c. Prfnclpal fl*k• •nd uncertalnrf
Tho Trust8es try lo minimise risk by consdering th8 annual16vel of grant making to be n8V8r dlwoF<)rtionale lo
income of the Fund, therefore guarantgeing that the *'zg of inve51monl is maintained.
Structurn. govtmince and manag•m•rt
a. Conltltutlon
Menevi8 and Wrgxham Infirn SKLdar Clergy Fund 1$ 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 Trn*lees' 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 Wain*J 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 Rècommw*ded 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 tt*re 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'or*d bei*w) 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 fin*Ky81 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. g*n8 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 inLx*ming 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 bel*wn 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