2023-12-31-accounts

				Page
Reference and administrative			information
Report ofthe trustees				4-8
Independent examiner's		report
Statement offinancial	activities			10-11
Balance sheet				12
Notes to the accounts				13-15

			Restricted funds	Unrestricted	Unrestricted	funds
				Designated	Designated
				Capital	Expendable		Income	2023	2022
				Reserve		Reserve	Fund	Total	Total
				F		f.
Income and endowments		from:
Donations and legacies							47,854	47,854	54,326
Friends ofCornish Churches		subscriptions					5,492	5,492	5,786
Fund raising events							7,736	7,736	8,516
Investment income							15,758	15,758	14,969
Miscellaneous income
Total income							76,840	76,840	83,597
Expenditure on:
Cost offund raising events							1,488	1,488	1,111
Grants approved less grants		withdrawn					58,858	58,858	27,330
Investment management	fee						672	672	3,752
Administration							3,577	3,577	3,464
Total expenditure							64,595	64,595	35,657
Net incomel(expendi turej							12,245	12,245	47,940
Transfers between funds						12,245	(12,245)
Gains/(losses) on investment		assets		3,324		3,324		6,648	(33,728)
Net movementin funds				3,324		15,569		18,893	14,212
Fund balances b/fwd at 01/01/2023			1,945	188,117		224,873		414,935	400,723
Fund balances c/fwd at 31/12/2023			1,945	191,441		240,442		433,828	414,935

			Restricted funds	Unrestricted	Unrestricted	funds
				Designated	Designated
				Capital	Expendable		Income	2022
		Note		Reserve		Reserve	Fund	Totalf
Income and endowments from:
Donations and legacies Friends of Cornish Churches Fund raising events Investment income	subscriptions						54,326 5,786 8,516 14,969	54,326 5,786 8,516 14,969
Miscellaneous income
Total income							83,597	83,597
Expenditure on: Cost offund raising events Grants approved less grants Investment management fee Administration	withdrawn						1,111 27,330 3,752 3,464	1,111 27,330 3,752 3,464
Total expenditure							35,657	35,657
Net incomel(expenditure)							47,940	47,940
Transfers between funds						47,940	(47,940)
Gains/(losses) on investment	assets			(16,864)		(16,864)		(33,728)
Net movementin funds				(16,864)		31,076		14,212
Fund balances b/fwd at 01/01/2022			1,945	204,981		193,797		400,723
Fund balances c/fwd at 31/12/2022			1,945	188,117		224,873		414,935

			2023	2022
				E
Fixed Assets
Investments			285,445	272,370
Current Assets
Debtors			8,842	11,837
CBFChurch of England	deposit fund		99,039	30,039
Investment manager's	capital	account	129	8,333
Bank current account			128,131	144,790
			236,141	194,999
Current Liabilities
Accruals			2,358	3,184
Other Creditors				120
Grant creditors			85,400	49,130
			87,758	52,434
Net Current Assets			148,383	142,565
Net Assets			433,828	414,935
Unrestricted Funds
Designated Capital Reserve			191,441	188,117
General fund			240,442	224,873
Restricted funds - Emergency		funds	1,945	1,945
			433,828	414,935

			Restricted	Unrestricted	Income
			Fund	Funds	Fund	Total	2022
			F			P
Grants					30,000	30,000	40,000
Donations	-	Other			10,354	10,354	14,326
Legacies					7,500 47,854	7,500 47,854	54,326

Friends of Cornish Churches subscriptions
	Income
	Fund	2022
Subscriptions	5,492	5,786
	5,492	5,786

					Income
					Fund	2022
						E
Summer	Open Days				700	2,645
Christmas	Drinks				7,036	5,871
					7,736	8,516
Investment		income
					Income
					Fundf	2022
CBF Interest					3,212	200
Portfolio dividends				and interest	12,546	14,769
					15,758	14,969
Cost offund		raising events
					Income
					Fund	2022
					E	E
Christmas	Drinks			Party	1,488	811
Summer	Open		Days			300
					1,488

Investments
	2023	2022
	f	f
Market Value B/fwd	272,370	316,371
Additions	55,515	21,256
Disposals Change in Market Value	(49,088) 6,648	(31,529) ~33,728
Market Value C/fwd	285,445	272,370
	2023 E	2022f
Cost of investments	279,502	271,325

Restricted	funds
		B/fwd	Income	Expenditure	C/fwd
Emergency	Fund	1,945			1,945
		1,945			1,945