IMISTGIIEDCQIIPAKI NUMOER:fm55010IEnEl•Nl•MIW•les} AEGisfERÈtyOIARifv IlUMBE. 120966 EpoftfoFTMETR11$7EESAPLI Thtsrn¥Coomb5 Llmw 3365 Pentapn Centyryway 7knrpe Park WestYorksNre
LEEDS (JIURCN wnirtE 1111c(ORAT£0) CONYENTSOFIHE FJNANC14LSTATEMEiirs FQftThEYEAR ENtL1315fDEWAOER IQ 3 10 8 li trj 13 to 22 23 trj 24
D5 C•KV£M INSTNUTE{INCORPOR4TEO} REFEAENCE AND ADMINBTPATIVE DETAILS FOftThEYEAR EIIDED IISTDECfMBEk1023 USTEES PJ5•ndtrath R¢¥J DCart15 C4r¢nAts Fllctrw Jsadyavé Revd Carth P D LGroene&d A$Bnd d SA Ilarth IreW31iJn41 43TheCa WeslYorkthtr• LS27£Y REfjisfEREOtOMP•JVNUMAER (Ill55440IEr4knd •rJWale51 1140EPVWgff EXAMINER Trnm•5Caynbs Lkntt•d CtrrteredAuountsnts 3365The Pwt4Dn Centuty Way Thorp Pork WertYofkJMr¢ t5813 LLP 19C•okrld8Street, Lad¥. LS? 94-96Brluaiè. L*wJ¥ L516NP Owfch ofEnthl F4nd5 80(aP4 lor EC2V8DZ P•8• 1
iEEDS (IIIIRCH IPOIITIM DN¢ORPORATEDI rRODucfioN BYTHECHAIR& PRESIDEN FOR THÉ YEAkENDED 3rDECEmR 201 L¢¢d$OTCh Ins¥ltst•AnM4 Rty¢Ytlor20Z3. On behlfdth• tourd Its181 l •m ¥qry kleased tohwkeyou bveadolaK tht th hipwed Inux nan)e of LCI dll the >. vrrth a 1[ team of very ecthpelènt •ThJ Imn•te staff we he bu on the 51ces5es of arS amd taken owr •rtwhy and lryatt to th• nur Iwd. Wq hve ¢cwrtlnu¢d to pwtw txh W0•j1 aNI 8r• owTr15•t10Tr5 ond segntyJrw•prhts developwddeknr mE•wraNebEnEfiL •r seeh btth conK44knion developmart In of the fvtye¥ pkn w•'ve prollressed prety muth nilpted andthS5 Rew)rt15,th prt a ofthitwo I TrI to F•DJrd my FerJoTr•l thfvs tt m¥ felrw irurteeswhD brfr¢ syth a Ir akyryrl•te of sk11 exwence and pthLYks to LCI. l also w•nl to tr4r Helefi aNI the 5t•ff tram far elfotw toiether io dÈlP4er the outCth•5 iecor&d 2023 hadlndeèg be 3 yexofsKce55aThJ •cP4rrnnenL k4d. CaThmPa Mary
lEE(HuRcH llTL1rE11c0RIOA1ED)
REPORTOFTHE ThU5TEES
FQRMYEAR EM)ED 3tsYDECEMgER 2021
The trustre6, who ¥e 4$0 dlr¢¢tots of thÈ thzrfty Ity ts pur¥ of the CompaNw Art IL¥J6. we$t th2]r rem the
finirrtl statemeMsofth0 th•rttyforth& re 31 Deten¥ 2021 Thetrustee5 havo •doptsd th• Pro•r& ol AELwndn8
thnd by Chrltkn& Slatn¢N of RewnnNled Prnctko awcablo to thart1kn5 prep•rtw thelr to •C£LYd•nce
wrthIRn¥daI 4p9ltiAe InthEUKl RPpubThcoflrel IFRS1021 ItffeuNÈ iJ4ThJ•ry1015
The Charfys femi oblects crmhyje to to promot4 4Th1 malnlakn r•lllon nd Ib¢th rdwus Jd ¢d#ri
wlthtr Chrfsthn faith is wires8ed b¥ch(he5 Toytherln En. Tr whjn invthkh the
iEEDS CHURCM lNSTrnITEIIP4C(p0mTE0j REPORTOF ThEThUSTEES IOR TIEYEAftÈKED3ISTfKEMBER202J ACHIEVEMENfANDPERFORMA In 2023. Leeds(hurthlNststrJfe • v•rftd iTrJlrKlu$•)1¥ pUbIu¥¢ TP5uch•nd c oftheviar, 2C88p•LWe attered and La ppsted 91 IIYwTthe ¥qdeo4 6 po(l¢astsforordlne en141e The W0f$Sd 0))fLwr¢lffrentbLrtt¢mFAwrtIryIhtseS.' AwTte cFknltlfve5 r•n tt¥r•nprt dEv•r0d wrvxttd •ylh•ntk L••Js ¥ok8sfortsth re• Coop# èrd Iu5tke. Thp4e Included ew Cakt Coffee (0mersOon ev•Thts oknh"¢#tton oflDuf15SLS of aTYthedowJ La 5chd4r5hW forfy4v MA aTr>J one MRe5 Studenty 4 V$ Wcrfk EWencÈ fDr b4Y) A iAvtl Rd¥ous Studs $bAt and i Th0 produred sh•red WWI. .In p¥tn•rsh Gr1¥ Old Grxtrfulty •AI Leeds Falth PeoF4& tlwe two re5tyJr¢4 4 The W Lecrtye 2023 fw the thur¢hes. dty and ¥ademyi wrrln pwb¥sh With le$ PAin5ter and the of Phllosoplry. amd HloISeTethe [b)lty01Le&.$n Orlthjt BhoealM'Holtynd Saryfor 1,. Afterthe qvert a videD ol vrt5 rek•s¢d onlkne wo1 stsrted to irtts•te wth the Churth ¢f TrEta CreaU¥lty C•rou5el wai Ynthed to ¥Ik wfth (kn, utursts Sumlty Cb ie•der5. rapathto th flne rts ¥rnl kncorwrate thls Ints falb0edwI wlth chthIr. Thi5 lfvJudqd four doyw re¢reJty vesourt•s 11¢AT wilsodlrrtw•meMt4th thlldron In sd)d5 the developnont oflh dnt r•sourLejour to tr M•n8er•nd a prtnOrsPupwftles Pe¥elaprnentEth¢atrm Cent. ln pab1rn5hlp Lth 5wrbAry. La knt•d Ilyee Sk•tth W4s wNth vlere opÈn C•port lor po• to tsth <lW tefflreTh sk¢tth •nd reif&-tt¢yetheroftthMè. LCI £Jrated ten Ma•t th• J115t t<t5 at 43 aFO5ts sharèj a 1¥ rye•ted aykn¥ork on the tme of Prtendshl Three art esyntswe deped ts¥o•f thEse thÈ ofhltm¥kJr% fh Throutho¥t y•ar Iwr •rt r Lknelwd re•ts to bÈ part ol the pro8rnmm In 202& Tr were Friend514pArtC(Mnmkslpn ar•JTr%olryy&Jrsw.5tsWr44thth0 Food F¥tth4nd urt1•rClO9tS8nCt. F•thhwdRadalJFxlk• The Leeth Ihitthfve launthed ta edebr•ts the lfves oTrd •ttAéVeMÈr d Bknd( people in it. th)wled8lrq slwffjtant and varfed to thurth and thy. incknjed threo %vell * WInthh n ev thlthww•fdkw¢d 0fYtyJTYbed$w•t¢ by6691nll A new Yop wascrJnbé to bAD8tcyetherk¢dersfrom tollnd wjp lowrd xrkfur rndal Iusike. lo$ w•s r•l4tyvnthlp tJHdlry and dek91n8 a frarnework for l•arnlw and on. A ofChtwthES Rxlsmww ¢StsNLjWhl¢h In2024 La tontlNed to support ofthe Sthjols d rth•ry Awords In L•eds 001$. 14 %0[ sluwd the ple and 2 reEeld the aw7rd ai the Scknds d Santtulry Award Cerémory. LO 0dd ard releasul the Wkndows OF oprt owuslc $t In xhod$4th1 •Stab1th upmft rdes Inth¢ Abb•y kadmyTIUSttO prnmot•ffjp8èmerrtth ihe Aw¥d Inth• ècaduxkwr202>24 ThtreV •thlbw0ns wththcg5trJ •HatrAt IwlnE•buth •NI rtnttdon onAWvm Seekers. Éw¥len¢e5 ofdthftknand tDmryW. La w8SPartoftheLeeds Refu4o@Weekpro8rèm.*rft$ and shaytd rtsoL¥t•SODnne. Pa8e4
LeEf6 CWUKH IINCORPORAIED
AEPORTOF THETRim
FOJlnlEVElJt ENDED315fDE(EMBER202a
F4lh4tthÈ
L¢e41s Insyiute THkert lo¢&1 churth l•rs to est•t4h a thrt tsro to8•tt¢
l0$ CIKIRCH IiisllTUTEVPICORIW7ED) E14DED31STOEQWR202J Flnd4p pothfor202315•5fo1th.. . hKome IrKom•for2o23d•a19d tr¥£3Y397to£19Q55312021. £2291. . Ey4knditwe' TottlrEe5W•th1 Iwea5edthrfni2023 &¥£60JIOto£445.66712022..f385S571. .TPr•tlwd ofwththture wln¢ome Ibelarnyl8ndlo5srSj hutred a deftdtofa55,114IZ022.. defidtof £155.fA171. rryome from it bmdfythe W, h(Th¥v•rnet rtsl¢Id d¢tr•wed •sthe"N¥ Market Street bldInWIl01d 2021. Expenditure hos IrKrwed 45 lfvtsbYL¢nt In LCI'S 5 wr d0pMe plan Wmlnue& hieludini umpletir¥ the watsiyn ol thi Styff tsDm to Lknr tho pkn's oblKrh w¢re Jlsocosts T#1 to maintskni th• New Mwk•t Str•et Prf . and that La's new offi at 43 The ColL415 • and wdcomlng erN5nment for both slHff And sAsitthS. Th0¥WIr¢ l•ver ln 2023than1Tr2Q21 andwJlhll furthvwth? NEwMkeLstrw¢lvAdfv¥ hasi•nx4d. io ¢f)tbiuÈs tts dere ol Its frcffl Its Irprtsbmht •thlt4 and • rnh¥)vrty l¥ fr•n th? Ilthy M•rketstreeE b18 (ths hès bbjW3Sall. In ord¢rto iuIdethe1rhstThTrt Pdy. La'sc111hs•kntsdthQfQl1Ilcknh¥eS.' .Ttt protert • ¥rAw•I red wFJth VAII afkn th¥ swrgortolat Slla5t an quI¥•Tht knl of OF LCI wr on y••r trlhe loryerterni: . . To lollow an In¥51mÈnt F4)lty do¥d to prtr40e for a of hKrme tha rn•td InfiOn arnl protth th• Tea ue of ¢4pltal ov•rthi ltywt•rm' .Tofc4bwa wkty¥thlth setsrfty. vAthth• hh¢# rntum tomrnerourlté tlhth• ethk4 deO$ olthtChurdbdEr¥httd. The 5ts3kna(S)p¢ed to INesi th assets kn a mTrx of dlrert ivopÈrty ènd m•TkÈtsble lrt¥Èm¢n& Tr in¥e51m•nts hdd nd rKyd by knvestrnerrt ma%ey$ hwe fun er the doy to thy Dfth• 055ets LCI h•% adop thè Whlle hE1V Imprd. 2023 tt)nfjNedto.b•fvrbertVertrth IrwtstrneÈr markets. Mowe¥•rthèvalue of La's lThestm LTep5ed. flea11 and uweafised net BaTrts of £394.024 ¥re rttordod for the y¥r120Z2.' a ILW of f620B391. A5 n r•suK Lcf5 ttnIents had • marker v¢ of £5.887J96 as at 31 Ottember.202312022.. £5A77.1921. lftlr th¢'$4k. the S¥OC¢E& from th• 5alÈ of 20 New MarkEt Strt¢t of £1,525X¢4) have bEen mtyed lo a Des4d fund. as th•58 lunds WUI be usttl to irnvt In the Iw5yeardevelD• plan. 6hRn the Importancé of the mwket YO¢ of iWtsn¢nts to the reser of La tr C4uThJl to dD5ety rnDNt4y tht performante of tl% portfolo. The Invesknitnt pdlcy Is to hokl a balarKe of'dwert propety and maketable wNestments %Yith rn¢dlum r7sk pyolle. Th• kNesbnents •r• h•W In The CBF thurch ol Enthd 1t74esin Fund. This wrfornl roèson4ywdla6alrtstthe boThthm•: Th•CBF Cr(h DI EnF%¥ lfvestrn•nt Fund TheQF thtrth of Enth Prcyrty Fur ThtC8f trwrch uf En¥tsThlGlob41 Equlty FuThl TheCeFaNr¢h ol ErlyvJ CyosltFurvJ -1.19% i?S7X 449% .238% 1&80% 4.69% Pgr6
iEtDSC•XIKH INsnniTE IINCOAPOPATED} rttPORTOFTheYRL FOR THEY trIt)ED yisfixiEMpER>)a ANANaALREVIEW Atth•end of 2023 LCI hrddsstsnUd 4ssatslnlm+YsrM•tlAthh iK47me. Itisth¢ lllmthatthelntom•8ener•ttd Is spent •ach r on the of LCI. 7h•re to of tt$ to trot fwthor r•sew and v&ue t f81 k)WkatrJr ol the rTeTht 5 th fvnds of th8 wbthln balr $et •r now •te40rfs•d béts¥een a d•natedJnd.'S>w d&eIDpThfitp1ort" and a ¢¢tterJl fimd.ThÈtwr•ntl¥e-ytsr plan Is belr4 lunded throulhfvproceed5arf¥lngfff*)) ofthe New UetStreot I£L525.CW 4rn1 L% repty asa desWedlthl. A¥ of 315t Dthber 2023, fter year l of the fi¥&year plab tho fufid bthce is £¥269W6.These have been I1td majntylnthe CBFChurth •lErW CwsltFvnd lTrretwTUoDl4ttW usEd In thtme&bIimvt•. To ¢rnr short a minirn)I OF£40, W hdd l• c4sh INS kn maithtsined 45 rcsary by the CBFiss•ts w r•mthNfm•rketab •rvJ¥Jhlthtsntl#llyrepreststtheyntralfvThJ. D¥we a twntyar• • 554tht0Pr¥th¥dPftt, LCI tscrThbJtrMl•Or4corarn ¢bJ•to N¢h Iw4d m•r¥• 2024 La th•TrJsweontlnue smwttwfjb. .Con¢inuln8the imDenlI0fto1lhe fvtryÈ•rEp¥41oprfPkn Inmlwurtl 2027k wthdtstyMIWVrPfar2O2. .Towork 10fv1 LClThwryofChany' - Run¥•¥aded ènd IndUS¢eventI pubneau4 res¢¢h4nd m¢dii pwunme: -slnI¢ffe£t retish1pSWIththrtho5and dettomkna0l. and be1[v Inthdtyllfr.. -RuMirvJlhe QTpntstw ethKll1tyaff In i¢cordncewltltlts Memor•ndurn and CharltyComff4BthnN4•5. sThucriiR¢ GOVEAWMDMWGEPIIEpir o¥ermlnidllfJ&h¢lt The diity b ¢WtrlEd by Its a de¢d Ind wThstltutN a ltsrAted nF, as The charlty alm5 to eduOn kn orthr to knt8pflt1#mwary asp•¢ts ofthÈgoW hrthe Qty. and is t er$P othelorya9QM. The Instttu wasfwded by War of Leeds In 1857 to ad¥arKetètknrt . both ¥r¥J 5E£ul•r. R keume a ¢h¥thWe comp•rty, limiterf byauaraniee. In 1919. Ws work15 WrnEd by• Mw)M)rnrurn irtldÈs OfassodatiVthth Yresb¥1?lNvIh•ljn 1984withvwl0uJmlnorwuerrttsnty L•eds Urth Courtll mrf reyjkrty in 2Q21 recel¥ed ryrts frorn apythd 2022 AnNal ReporL Tho AGM was Septethr. In person ind Frybrfd n4iknB5 coniinued throwhNt 204 with on kn person meeury. trt wth support 012 utwble to Iitend a yr¥cul¥ rrer>)4 kn persoD¥l rn4s0, .bty to metf Yirmal w•s trtshrired in Marth 2020. cou¥ 8¢f•ed 'ftr PUfPEffj•5 Ot 49 of tr¢ M•norandvrn of ASSOdath ol the Leed5 CJ1ch IrdbJt• IkKoTptyed1 •nd fer all trJJslnEss mttters rfrI th• hok4ln8 of meÈon8s¥ppfLv4W Theetw¥ tyme2rts of onlln• ¢onfpnclr¥4s roè8n5 throh 44 paroupantsmay ¢pmmuhate In2023 LCI'S wmbersh byt0280 )1 De¢ernbeF 2Q23(2021:2611. Detts ofth•1nfftÉ5 have5efftd durfnBth•yware Is14don patsL Non• of tl¥ tnth¢s arty pErson41 benaficl IrTLerests rEqthI dlsdosurE. t•J5teu are oppplnted mEmbet¥ •nd enan iu0&Vhe on the backwound oftl* LeedSOwh InstTtut••ndthelrrnsp0D41rf(5. p487
LEEDSCHURoiif6TITUTE IINCORPORATEDI ftEPORTOFTHETRUSTEES FQR ThEIEla£KIEDJisfDECEhWÉR2111J The CourKII of Leeds Oiurth m•ets 4t1+ lye Ym•sa >•ras • lyu ¢owKi. lèvJs(rth It¢• 51•ff dd¢B4t•J a)rity to tarry out the dty-to4y Eyed by Coundl. Th@ Ctyjhdl apprv4es all ¢X8S•tl kn acrud•nce wlth an 4veed 5¢he(bJle. In 2023 th1 lolltyl¥ 11$ w•re rvl•wed 4nd updated.. FIrI¥l Prnc¥lw¢s & Conbb Pohcy. P•yPohty, Pdl¢y, He41th1 S¥F•tyPdlCy • D•ta Protection & Irhmws¢fftPonthdU g rw PffvXyPon.j rn•Jor cfrllsij d•iMAllnS ind ttsmtrwJl r4hJM kxaty. It also ha5 Eorfflqc¥ons with lttcal 4n01 Ititerfath netwNks Or•knntst•tsrtory4lWl4unI1rykn)È$. The total pakl ts) the Dlrector lth¢ ordy k•f peryxffjnell w•s E57.636 120Z2.. £52J1141 and lJthde5 p•nwii rorIon5. Thls r•mtmer•tsun kwl15 btrthrn0e ¥atrtst otTrwswhdwty res pvbllc 5grtOrpo6W arbj dats r•lthrynt ttsthLFtsken 4thttDuntln rthle • dutytoldthfy rvA8wth• rfthsfo wthlchth?th•rfty Is w05•d •MI tts eftsure approprJrt¢crrtrc4$ pIx&ioprvAp reD50naW•55urnK•¥akAtfrJud ènd error. Thetru5tet5 SkIthrttarityf e4th flThandl rwheft prepathl •rd upd•iiby the straielc plèry thtyse relèted to tho ¢pwatwJrffj ftn•rw of th• ¢hkn. Th2 15 th•t thE 5YStWn5 ¥ k) to • M5 eXF•)SU¥•toth?malorrlth% Thè of thE Instt0 be •xposed to v•rlDUS fir4rKlil •r¥J other rlsk& thB follrM4 rtsks when .Th riskth•tlfivestrn¢rtslll notdehrthElncreLy5 In realupltslorlKorwYknse¥4ctèd. .The rflh¥tpwperU•s Lylnvestrnent rrqrwrsvlllng¢•thlv4•the rttsvrfj prolertÈ .The rfskthatkty rrona8rnerrt persomd maylewe and not91 rEPW. r are•5 of rt5k •wd and addr•55ed a rw4orba5h trlU( tsthe ottyptljn the wopwty. Th•s rf are n¢N efftth+fy lorrnally m$ed. on a dlpttsdw ba$ th• bylldlni •ynts a4 kndude health aThJ salety rt m•n•teMent ann8 uthr EMCyn Law. Fgod 4TrJ OT rtOry requ11ents hwe been idErrtih Me0dnd¢OrrtIt1l Apwv•edtsryrferofthe bts{f trust••ion ISthMay2024ahd behfbr. LGru•ThÈwald.Twsree P4ge8
INDEPENDENT EXAVINEWS REPORT70 THETRLSTEES OF c6t1RcH JI1nrIllmCORPoATEDl I reporttothe ¢h•rltytrustee5 on my•yArnlnattot)ofiho#cLyJntsof thE(ryAny1prthfrvar•1 31rtCcgmb•r2021 As tre thqrws kn of thE also Its &rtlors PL¥P05 of rompany W you we rewiltle for the piwrn¥on orth• •¢CoMtslna¢cwthth rqqU1rtsOIthbcOmP•Iknt2C0G11c¥)6k S)kn$fi mplf acoxmts ofthi COMP arn not r•4ulred to bq aLlited UAd¢r Part IS of ts 21x6 Att 4Th4 Irt ebw't4e for kndependènt t1nI¥T6 I report 111 respettof my•xamln4u(m of YtyJrths attwnts as c•rni¢d out 145 Dfth• ClwrtleJ k¢ 2011 Iyh ACVI. In out my I Iwle fdItsw th• ntrectkns th• Chirfty CtyTrmbffj Ter5eTr 145151 Ibl olth1 2011All. I h• t4JrnF4Rted myl¥n3kn. l no mattéts hwe m¥•ttMUon iththe E¥Am)natbn miet0b@I¥Q. IntInwert r•tkeptlThrespeCtoftheCwhwUtr¢dbVSqLkn 316gfthe 2(1)SA¢or thÈ ttwntsdonotKuJrdwlth those retord5; or the acc1 do not mPTyth the ¥counur¥ reQreMe5 oFSertlon 395 olts 2Co)6 Act othgrthanèny rewlr•MTht thbitheaufJnts 89 •trw andfair¥lewh1th15 nota r¥tterrd1T¢dls wtpf on lfryepent¢MmlnltiOn.' or the •t¢ounts hve not been wr•d In Irdan¢¢ wlth the rnet •nd prlntipk ofthe Stsknmurt of RKi7mmethltr Pr•ci• fol icco¥Trtlr¥ reporting by thprI$ 1•pp1kab to chafllie5 prep3rinithlrxcw Ih attorl•n¢e the Rwttsl PAwrtin8StaTrdard afwicable UKand R1¢O11rdafvJ IFAS 10211. I hwe notoncerrel h¢¢the woss w othermotkn In )ndJrwth•I1nrnDn1OvthrhItrttlon be IntP4srewtln ard•rtoeMtrka PWDperunderstdlniofth•Kc4urttsto be rEarh• ThrMn15Cwmbs Limltsd 336SThePeM¥on Centsrywjy Th¢Ype Pwk WestY¥Ykthlwe 15thMay2024 P4p9
iEtDSCHURCH IPMITLITE {IN¢ORPORATED) STATrMEpifoF FIIIAtKL4LACTivmES {CORPORAnNG AN INCOME AND EXPE14DITUREACC IOR THE YEAR EMDED 315rtrecEMDtft2023 Total Totsl fvnds Notes lepilB5 io 7.718 220m6 1gOWg 229,95Q RaD9funds 4U05 41105 TfA•l I4567 3W57 NetyinslllvM8slan kn¥•strneM$ 1620AS51 IlIovIEPGNDrnirt11 177&4461 TotslfuThlsbmu8htforwa IJQL557 6.874)> 6A4D067 6,IOIX7
LEtD3 CHUKCN IN5TM1ilNC0RF0RATEDI
31ST [tR 28
23
fund
Tanwble 155•ts
li
37266
12
5J87aJ6
1.435,106
C•5hbink
912n
119.867
211145
atEDrnRS
2141
P40461
297N54
1240
24IA67 &IOL5S7
IOL557
RINDS
ifj
De¥l8nai&xe4Jas
Deskr4t4&5yejrdemffDtl
4914,45B
UtsJB6
2W67 4IOL557
67
101.557
Ihè £othpany Is Ènt1 to exèr110 ynder SEctsI 477 rf the Comm¢$ XK6 (Dr yothr wd•d
31st DeuThber2013.
Tht nw)thEfs reqre th wmp/Thyts¢btslnan iydltofitsemrthltthmnts forth•ywf ¢th13tstCr
LEEDS CWRai INSTITufE IfrtORPORATEDI ALAl4fESNEEf-toThkn•d alsl DELTMBERa)23 These strtrtent$ hwebeen prep•r•d In ¥Ath the aFOca14etsttort•M• o)mpanles sub# to the 5m811 compAeS rtsne. . notss form nOIttletylYKlUIstern•rts Pa8è 12
LEÉOS CHLIRCH Ilrn IINC(WRATED) ToTHE1NANCLSTATÉMtNIs SOR TME YEARtPLYD 31ST DECEMBER 2023 The ffittancl41 ststertherrts of tt ehxkable tPty. vthkhis i put4c bebtgnutyurlrPS 102, h¢Yb¢n prepwed Mi •t¢ord•no 4vhh the Charft550RP IFR5 I021'A¢DUrI and Reporiin8tytroritse5'. StatemÈnt¢l IY•¢Ek• aFrftabh tp dritre5 preparfn8 th•lr acoyjms In wrth the FInrI•l RepDrtkn¥ StaTr&4rf ap$£1 Ih UK •nd Rèpuwk of Irel IFRS 1021 l¢ffe£thfft l 20191.. Rqporuw 5t•tsJ3rd 102 Yh• HnarKKl RwrtNK¥ StaThJard tPbt UK ènd Aepublc of Irdd' r the (thparAS 2006. Th• ffinand•l ststvrt•rrt5 Ve b pry¢d tr tr4 CO wlth the oflrw•51m811ts twhlth ttluded at mark•t lu¢ as mDdffiedby.the r441uatbnofctsknas5ets. eertakn It•msotfakv4lue. Th•finar%l ststementsare PrEs¢rt th stertkn8hlth tsthe fwrtion•l currewirfthe thartty Anttroun&d tothe IreSt£. The sly4ftont accounr¥ appued ln the preparation of the8e fhan¢kl ststérnwts All IrKome Is recwld knthg anE•the cfrrfty h3senv112nntiOthÈfv 1$ thaithhYJ)metwM berec4¥tdaNI the aVnOw¢>) k• measured Trmabty. ilent•t&K¢rn•d kntwesthrY•Stynem HKthne arnwrthd oTra r4evabftr4d l111$ arÈrewnlseda% eyndtture usoon a5 th•r? Isalopl orcorsucÈe obllyt1oncommm th•chyty fvt expendttvr4 it Is Prttbab tht a tr¥nsfir ol •¢onornk bwffts will be re4uired Sn setknnt and tht of the otllptKffi bè measur•d rdliwy. Is •ttDUntd IDr on on •nd ha¥ been das5ified ¥Ser headltw that atveg4te all cort to the r3thzDry. Whor• f¥nnpt b& dlrKtyattrfibuthd io rtuLr heathr theYhMb••naMedloatsonl b35ts¢orfjbWwithtr usÈef re3OWW. tfrtt¢pI•rableVAT1r11d wknstthee4te8w Df rwour£qs•¥p•rulgdf0rwhlch Ired. The costs of Aln8 fimds Th$t of investmèrt Mlrn fee, rtrtsi wopwty wperjw •Dd c05ts Irxffied T¥fixed assets•r•JtaWate£dt Cf Wdlythnléssdwec#tkn DÈpMdaUon ts prtythied on allt¥¥bk fthd asts It rates to th• tosL Jess ASul1 volue, ¢)f the •uets over their txpttted 1 I1. as Harrt & EqulpMeTrt 10%- 25% b•Lirttbll A ro8yhr Bnnw41 revT• ¢rf th• pf o¥•t Impalrwtht The ot ths rth ts to exnlne the assets in their cJJrreM use ar •rure th•t tr Lwent value is rnate from ts ¥ak repfxted in 1jhsert pt0pvtk5fortIth f•irVae wdue tortorthrtar•w•a5uredatf•k v41 rteath rtF#Jrt1¥AththIryeSthla1rlYè reewiXdkn'rttiSI Iltweslortlrpltsknrtln ttSOFA. Mon$ earmBrkgd do1$ or th• terrfis of f¢r ptsLwlar prol4e¢ •re a¢¢ouAt¢d for In Restrfrted Fuhds. The rvJtes to the 4tyJunts shcv41h mov•mts4nd bInCeS pn •Ay5uch reStrtsdId fundsr¢daybeswton•nyWatech¥lt¥bkaiM down lTrthtCharftVsrnemornndwnofaStkn Umewirtqd are hell kn tht yn•r¥l re¥4Tr• to the extsnt th•tth¢ trurte¢s con4der it aF•raprfate to make fraterS e$atednd <ontlnrtd...
LEEDS CHiThCH INSTITUnlWICORPORAYEDI NOTESTOTHE RNAIKiALSTAIEMENIS. FORnE YEAR ENDID3ISTLf¢WbER%>2J Thi trt,$ counWn8 syMem$4hi¢•te all Irw¢ eVnditu 4r resw bEtweenthese fvrth. Tl st#temerrt of shows Mp¥at the Irtsrn•. th¥¥tre any trHnsFers r•latr¢ to rtstricttsj degNed lurwls arKf 8enEral ¥esa%s. Auets ar¥1 Ilablths 0 eath ful art In notes to th OEbiovs •nd Cor$ wth ho stated interest r•te and receib or ply•b th one r ue rethed tyans•¢uon . l0•r¢frOTh Imparnnt8rn r¢tw&qdkn •xperth. lrt¥estrnents are"reE0[Sed at fair wNth 15 M)mwlly th transactlort prk •%dUd taSl¥ sequentty. art myjred 4t FairvaluEllh th4rwrerl5ed In'nrf8atr&llkxses1 olnvoslTrnts' In the SOFA the xhare5 4r• tv ortrtrfvlr¥41th1 tan Oth b• mwured rdl4bly. lJther ore measurEd It less IMpaFrt InsuWdllÈsarenwsw•d4tCL%I less krpalrment. 2022 Total iknreitrkted Re5trkled fvnds fvr To 7.n• Tot ds fvn nds nds 73.611 147,2 U8.1 220.196 Pa8e14 cortITru8¢L..
LEUISOIURCH IuTE IINCORPOAATEDI NOILS TDThE HIW4aALSTATEMEM7S.QtInued FOA THEYEA%EPED JISTtIÈCEMBERIQ23 MGRWtsS 1022 T(rfat •Jnds thAr$ fiw)d5 Pwertymr•merrt4nd r¢l•ted fEes App¢thnmentofcoslsrdatyr4to InYestyTheni pr¢)perty 750 27A 27A62 70,354 7T, Istsd rec•l¥•d WL OF an knplKIt nment f•• of •pprtrAtrn•th £Z4.840 IZ022: )?01. Costs1th• Ibxe61 Edu¢4V)n, wbl•tkn5& zr•nts 2022 ht•ndhMt Teler4¥>ne T5Ès 18,045 244S6 iio 1997 4075 727 P05tsse and5tttory Eq1PmexF5 Bankcharges tw5[erNlrnIIofi Repai 5,331 S.436 7,169 34228 ZO,766 1692 L767 IIQ3541 7.120 11)&668 &611 9.775 Cle¥nln84nl R¢fi4e Securlty Pr+JpertyeOStstransfre4 thc05tsof raIs[u$ Le8a14nd wtslE551onal Stsff sal•¥iES emplo Nl Pensh)rd for£Prilab$tsff Tovel subststerfe Tilln8 and welfvre Chaity Insur•rte oThJgownanr4 costs Reoth'n¥rnat•ro1s Ev4Trts semina 117 23 528 4J77 5286 S97 19Jg1 So06 42.03S 4226 rrfedfc47¥ard 290.%3 Pa88 15 nued...
IEE05 CHURCH INSTITUTE IINCOPPORATEDI TrrnTonEHNANCL41STAIEMEPllS.Mniinued FOR THEYÉIA E14DÉD31STttCV4lBERZDZ3 BrwthtfDMrd Gn$t5P0%]Oftln0ots
M453 TKOWWpw)rTUREI NthKoyMI(•XPEfAlilurel b st•hd èftqrEknrsknfvedtkngl.' 1022 TR115TEW PWUIIERA7l1J1D0M 11 wre Relmbwsed tr¥•nse$ thkh gre all gybiert to the ch8rfVJ wttesses of Irrt4mal corrtro15. ¢kt Thjt forni p•rt of 2022 W4es andJalarle5 Sodalsecurfty IC6.fj68 6.611 10,841 239A85 124.120 remur8tknn IlrKWln¥ Dlth•tyThwwMt p•r$0m dutytry•arw•s£57,636 13021.. £52.OMI. Relrthwg•d •¥ertses, •r8 5ubJttt to the dHrW5 pfLw¥es of Int•1 ControK do rnt fryrn part ol remun2rntknn•nd¥r¢ notwduded abm. NJI tr miaee5 Wrnq fre4ty and reportèj io M trpAStee rèmunethitin pald in the year. Dur4 y•r the Iwm ol meNknshlp lees ¢ontrlkned by the to th¥y Wtsll•d £NI 120ll.. £wi. Totsl rtsJ4AbJ¥ryltorrnknaikinpllrnts imntto£rfl12022:Enlll. Par 16 CC041Niwd...
iEEDS CHURCH INs¥mJTElhKORPOUTED} 140TB TO THE FINANCIALSTATEMETrifs.cothue4 FORMYEAR £130£[$BEft ID2J COklPAUT1IF0rt ThESTATEMwfoFAfiii4aALAcfMnES Tot furtd5 io othertw#thathAtkns 220,896 229J50 229JSO tQENDmMIE014 77,¢ rqwrd¥ff¥effls.publ¢¥k41J& irarbts Tftsl 16ZOO391 1620.8391 NÉTWlCOWItXPEpxiifuREI InW61 P7WfjI RECONauAT10140FFUP¥6 To•lfundsbro4htfoFw•rd 6mL $57 6,IQW7 TWIfjI•LE AXEDAsErs Ftslu At JAtJanuw¥ 2023 Addltknr Elsposa15 35.011 189AS?I At31st D#emtw2023 At1StJaary?02j Chr8eft¥ar Im5nat4d ondlsw•l At mber2029 A¢3tst D•c¢mt*r2013 At3ts1 December2022 P4• 17 £untred..
IEEt6CWRCH INSTftUTE (MORPORAIEDI IIOTESTOTK FINANCIALSTA7eMENT5. tonllnygd IOR THEYEAR ENDU>JISTbKEMBER2023 U451¢a Totsls MAA#ÉTVALUE Ai tstJ•nuary 2023 Add111$ D55POS1 lieiiluatlob t195Jni 1195J721 At31stDetmber2013 4U7a95 WA96 14EfBOOKVMIE "At3tstDetembÈr2023 4,442,tS 4A41086 Ther¢Te noIrhttaUeouk4thÉ UK. Unllstqd kbVq5MMmS bsiedlrvR%tm•nts cornprk•'. 2021 Tr CÈF Cl¥Jr¢h d EwlaTrJ Inwbtt knd IfAfi13371202Z'. 177Ag).451 Income Shares 1811556 3.614Q9 The Clwjthof EwhrtdGJob•l Ewltylr•m¢ Fthd 85.025.56P022.. 8915.561 Irme Shar•s 257,ts7 223,914 CBFChurEh Of£r#I Prowty 41W6.6712022'. 5435321 IrKomeShwes SM.175 S4332 ThCBF ChurthofEwhnd PepJthFthd L308J76.99 12022.. Nlll IeShareS IJ08,377 The •t¢M tornn IrwimFrt funds e#•b115hed dertTr Church IrNubnert Measure 1953 ts5 arnwthd from theto The ad¢ spvead of1dr •qth and Irlnts. Fyrthordetsiis of the CBF cr[h ofEn81al FUDd5aht•0btsl IromwtYwxd•.c•. CostC¢Valoon •t3Jst D•cember20231s by: IJAltsd vil1n 2023 Th• omparry's Wl1tthe balance sWdateffithÈthèr•vptsl olcomp¥th lTrJwJethekl( P•g¢ 18 conllnuetL..
IEeDscHUKH Ir6nTUTE (INCOTED} NOTESTOTIE FINANaALsfATEMENTS.<thrtlrw•d FOR THEYEAIENI)ED 315TDECEMBE1202a LaTrIuMlEtd Natwe gfbulni: ConferwKeprvW aatsof 51wre'. Ordln•ry db Th• ¢rf 50thon of LO TThdlry Lknlt4d rewlr• tho profits of the ¢¢nwny to to the pwem con4th, £nd12022.. £niD l$ro¢crtedas i RfftlldctrutItiThtOtheLeed5 Ch¥th Instkntslkncuwathd Grnsskncirfnetrfthegroup doe5notexE•d thetre%lpJM Sttforthe rr•wofyDUpitn As a Ctr•FIty h•%takenad¥•thFof£¥UDfr0M prwth8youp•¢wnts. 13. FAIiI VAWE AtlstJanwry2023 tAsp)5 14455.106} Al 31$¢ DxembET2023 rBO¢)KVPUE At31st D•rornber2023 At 315t DAC•mr2022 I435.6 DErn.AMOiIIIISFIAUKfj WETITThiwioNeYÉAR 1022 Arnow ok¥¥JtysTr)up ertakI5 Prep•yMentsanda¢m1 Ir¢thm¢ 1756 80,418 64.367 61367 93278 P¥8e J9
iEEDS CHUACH INSTmJiE IWKORPORATEDI NOTESTQM FIIWKtALSTATEMENTS.£onlrA•d k•'ntl ¢JItht$ untsowwJtt¢youp¥rlÈrtaknJ5 (XherttÉdors 1333 19.618 26A146 At y1125 W12123 G•nrnllthd &nated.ft•14s 098n• Sy•ard¢v•l¢•m•ntkl4n 5A14A58 1255.U41 k525MI iJ0¥5 131910 Ne¢mfftmentlnlund& lrtludedln th¢•bareasfd1O'. IrKomh Galn$•nd mMent infvnth Gra[fund OeW•ted.5yEardemthttw•. 1255.IN} 1445,6671 ijuio TOTAL.FUPX IW553 IX910 Atjljnz fuTh* 311lln2 Genernlfvnd 142m2 6.73S,981 45.077 18215231 187PJ9 5.914.458 6Anm3 (n44461 4101557 TOTILFUNJS 6.87&C¢)3 1776A461 101557 Page ZO
LfEDSCHURCH IIISIITUTE If4coRPORAIEDI NOIES70Tlff F114A14a4LsfATEMtNTS.clntlnued FOR THEYEPJI ENPEP315fDECEMBER b omwr•tse net eMertInftrd4 trthled knth¢•kne4re85fd&yrt' ¢KpetsJ•d losses JTras Gtyrnl fwd 24950 1385A571 182L52¥ 229.9x1 1385.557) 1620.8391 In&446) TOTALFUNDS 138%5571 1620.8391 76.4461 17. EMPLOYEE BEt•iroèiwTKWS Letd5 Chjrth Inst lIncrped} patip¥tS thè pend Buldqr Sdw• ot CWPF lor lay Slaff. CWPF Is idmlnlsteTrd ty thE ol Enl¥J nSIn¥ Bo8rd. hdd5 the CWPF wsets 5eparntety from ttm• of th Emr4w ¥0h pJrtlthi•mph>%rs. LvIPFhastvstt'. l. tlDefined kl 2.thEPenQn WtrSch•rn. ¥thlthlwtwo subser1,. a. adefewed NT$e)Aknl Is Ptnskin Bulkkr¢bssK a tath w•ntèsedkjnkrn4%pqnrth B2014 Both settitiNef ttrbt P•nsion&ldÈrS¢h4m•4rndau•d $d¢fid b2nEfftsCmo •ccwrwkited frgrn cixttrlbutloN pald and eafFMrted a defaffed afftnty dUrir empl(rymont ba5•4 ffi tvn)6 let rd by ihe thurch of Eand Board frefft Yme to the. suefj¢NryYKreasesrnrykn be Idd. depenthrqon In¥estmtretwnsard othvhetu Perskn wfder 2014 Is a i>sh balunce tlAt pmYdE5 • ILTnp sum MbErS use b•th It rereMt. P¢ng¢n ccfitj•ubr ¥e TecordEd tn an •¢e(Jnr for member. Dis¢r¢tiomry bttrrt may be idded before depdIr¥ on rnurns and rrtherfattorn. ThE?ccouTrL plus •bc•Sde(r2d Js pay4t frDm •¢e 65. Ttrmrels rKsththL%knofa%setsb•twetnryknr5kn£h wrtyoDolthe Pen¥knBulWSth•mt. The L4 rJy)SHl•Trl to b• a xh•me a5 In Sqdknn 28 of FRS 102. Is bewt not POsshts4ttrtbuM the Penon lseme,¥ ?$1¢ts ILl"ie$toSprfc wnpl•r5 4fyJ tNir ¢<¥rtr1O •re Kcwrted for 89 rf the Sthrn wqfe • cOntrSTrtl schqme. Tht Pen5 costs to the WA In tho r4r•the(T)Nvuths payablè125. QI487. 2022.. £IOA411. Aval+Jatithi ofth• pe[0 BtsiktqrSuknTrJst1artancefywY three yark Th• m$t iecent¥alMation wastsrrknd out •t31 Decemb¢r2011 Penskn a4s sectbon,tt lo22lu1Jn rE4EJled a surpthof£34th onthe ¢¢&$pOs used. Atthe most rKent 1ftnl rieweffectfve lJanw&ry 2024.the to8rnrt¥dknlWry borws of&7%w both penlcry nthyet In pJyrytit and In pawnem In re%pe¢tef serKe pFlart• Wl 1997 aTrJ • baw5 QTr pAon5 In payment In re5PECt of post April 2006 s*Yl¢e Jo that the psk)n Increase 5% It w0d CaklIt b15ed on knfiatlon up tp 25x1. INslolknwed Inw¥ahents in thgfvThlln#posMoh v4er 2Q25. Thertb hD r4w1ieml for defic paymemsttthe DJwVrtrnI. For the Penslth 8ulkler 2014 x¢tion. the 2022 re•d a surplus of£&kn ¢Jn the ?55wnpthns us•J. fvre Isnowulrthmentkf daftthp1nsat10j1tyrtkn Pw•21
iEEDSCHURCH INSTmrrE IINCOAPORATEDI frmS7OTHE F114ANCIALSTATEMENTS.¢thd F¢R7NEYEAR E140ED 3ISTOE¢EMIER2923 17. TheYwt•thJ•tson i$due•5 31 tMb¥2025. Th IW ot 1$ Jvch thbt Ll fal Leed¥ (rth INthut•"IhKorprrtodl bÈtome r$ptyNefQrPay#lsh1rt0l IhefaTledemploY4ffsWTrsl¢nM•blllltts. AIED trAATftyXLIISVIES rewern no"relatedp•rtvtAn54Ctknfory•aIlr 31st DK•mtw2021. JsLThurth 1111rar4d> ¥ • thartlable compV.11t¢d Eateend has nosharn ¢apltaL Th mtnkns hav• •yTodts cor1te £1 ethlothetrthy'5 •yetslnthe nIOrItllwlff its ¥etsshXddprO ta CUbr ltshbHNles.ThtrR ar•280 membersfthÈtomp•nv12021:261ffiernber51. P4(e 22
LEEDSCHURCH INSTrnI IIICORKIRATEDI DEfAILEDsfATEMENTOF FIKqNCL4LAciivmES FOR THEYEAft E14DÉD31STC<CÉMRER2021 2022 5Lknp¥ons 9,114¢ 73,618 ts8J 220,896 229350 750 27A 77,104 045 2&456 2,087 785 195 4.235 7528 2357 s331 es kndep¢)denteum¥wiio Postap EquiomènteXP&UéS A¢oTncY D•preclètk)n T27 7269 3L228 20.766 4692 L767 IN3541 7.120 104668 6.611 IQ841 528 996 S97 207A16 775 aunkn8ird A¢fu SACrtty P7 5tsft5alarles Empltyrn Nl PeMoftsfortharfiaW8 Stff Tr•¥el and Tr•kn1dWÈar• Chwrltylnsitranco 0nd8pTt Costs rTSed fwrd 15M7 4377 TtIspBgethtsth)tfowm partof thèstatuknryffirAnclal 1tst•merts P4423
LEEDSCHVRCMINSTIIUYE IINCORPOPATEDI DETAILEDATEmEl1r0FfflMAtKllLArnv1rlE$ IOR TNE YEAR£frD 31STDECEMBER2023 2023 2022 Radiwm•t¢rè15 207116 42.035 4C*226 56 318A53 S8557 1155.6071 Vrweallsed tyruAissesln¥ 1620,8 4In4 V76A4$1 TNS pwdo•Sts1OfrnWtOfthe SmotoryfvwFal pale 24