IMISTGIIEDCQIIPAKI NUMOER:fm55010IEnEl•Nl•MIW•les} AEGisfERÈtyOIARifv IlUMBE￿. 120966 EpoftfoFTMETR11$7EESAPLI Thtsrn¥Coomb5 Llmw 3365￿ Pentapn Centyryway 7knrpe Park WestYorksNre LEEDS (JIURCN wnirtE 1111c(￿ORAT£0) CONYENTSOFIHE FJNANC14LSTATEMEiirs FQftThEYEAR ENtL1315fDEWAOER IQ 3 10 8 li trj 13 to 22 23 trj 24 D5 C•KV£M INSTNUTE{INCORPOR4TEO} REFEAENCE AND ADMINBTPATIVE DETAILS FOftThEYEAR EIIDED IISTDECfMBEk1023 USTEES PJ5•ndtrath R¢¥J DCart15 C4r¢nAts Fllctrw Jsadyavé Revd Carth P D LGroene*&d A$B￿nd d SA Ilar*th IreW31iJn41 43TheCa WeslYorkthtr• LS27£Y REfjisfEREOtOMP•JVNUMAER (Ill55440IEr4knd •r*JWale51 1140EPVWgff EXAMINER Trnm•5Caynbs Lkntt•d Ctr*rteredAuountsnts 3365The Pwt4Dn Centuty Way Thorp Pork WertYofkJMr¢ t￿5813 LLP 19C•okrld8*Street, L*ad¥. LS? 94-96Brluaiè. L*wJ¥ L516NP Owfch ofEnthl F4nd5 80(￿aP￿4 l￿￿or￿ EC2V8DZ P•8• 1 iEEDS (IIIIRCH IPOIITIM DN¢ORPORATEDI rRODucfioN BYTHECHAIR& PRESIDEN FOR THÉ YEAkENDED 3￿rDECEm￿R 201 L¢¢d$O￿TCh Ins¥ltst•AnM4 Rty¢Ytlor20Z3. On behlfdth• tourd Its￿18￿￿1 l •m ¥qry kleased tohwkeyou bveadolaK th*t th hipwed Inux nan)e of LCI d￿￿ll the >**. vrrth a ￿1[ team of very ecthpelènt •ThJ Im￿n•t￿e staff we h*e bu￿￿ on the 51*ces5es of ￿arS amd taken owr •rtwhy and lryatt to th• nur Iwd. Wq hve ¢cwrtlnu¢d to pwtw t*xh W0￿￿•j￿1 aNI 8r• owTr15•t10Tr5 ond segntyJrw•pr*hts developwddeknr mE•wraNebEnEfiL ￿•r seeh btth conK44knion developmart In of the fvtye¥ pkn w•'ve prollressed prety muth nil￿p￿ted andthS5 Rew)rt15,th prt a ofthitwo I ￿TrI to F•DJrd my FerJoTr•l th￿fvs 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 k*4d. CaThmPa￿ Ma￿ry lEE￿(HuRcH l￿￿lTL1rE1￿1c0RIO￿A1ED) 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 finirrt*l statemeMsofth0 th•rttyforth& ￿re￿￿￿ 31 Deten*¥ 2021 Thetrustee5 havo •doptsd th• Pro￿￿•r& ol AELwndn8 thnd by Ch*rltkn& Slat*n¢N of Rewnn*Nled Prnctko awcablo to thart1kn5 prep•rtw thelr to •C£LYd•nce wrthI￿Rn¥￿daI 4p9lti￿Ae InthEUK**l 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 theJbJsthe 0fta'sa￿lW￿ Pr851d4rt LQ'svk•Chah3 Nlthdl Ind Rv4Jo•cw05r#n￿rted.•￿Y*hffiapprWF1at•￿¢tt￿ ascalllTh*irs. Fol￿￿ th• th•nKe5 In 1he staff t•am 2012, 2023 saw of team In fine wlth the F￿Ye￿r lJ*elopmert PLirL •ltthe stsrtof2021 the stsff ie¥rn ￿Mprised of Helerb Relll. ￿ul CoLiwD, Dr¢n* Oaly ￿ Huichu JtsarW￿ By thE Df 21J23. * ￿mpr￿ed of Reld, Abstair CheetP•n Paul Co*m*¥ Brw D•tyt, Dwtyne HutcPiMttnand Emma Templ PAY3 iEEDS CHURCM lNSTrnITEIIP4C(￿p0mTE0j REPORTOF ThEThUSTEES IOR TIEYEAftÈK*ED3ISTfKEMBER202J ACHIEVEMENfANDPERFORMA In 2023. Leeds(hurthlNststrJfe • v•rftd iTrJlrKlu$￿•￿*)1¥ pUbIu¥¢￿ TP5*uch•nd c oftheviar, 2C88p•LWe atter￿ed and La ppsted 91 IIYwTthe ¥qdeo4 6 po(l¢astsforordlne en141e￿ The W0￿f￿$S*d 0))fLwr¢lff*rentbLrtt¢mFAw￿rtIryIhts￿eS.' AwTte cFknltl*fve5 r•n tt¥r•nprt dEv•r0￿d wrvxttd •ylh•ntk L••Js ¥ok8sfortsth re•￿￿ Coop￿#￿￿ èrd Iu5tke. Thp4e Included ew Cakt Coffee ￿(0￿mersO￿on ev•Thts oknh"¢#tton oflDuf15SL*S of aTYthedowJ La 5chd4r5hW forfy4v MA aTr>J one MRe5 Studenty 4 ￿V$ Wcrfk EWencÈ fDr b4Y) A iAvtl Rd¥ous Stud*s $bAt￿ and i Th￿0￿ produred sh•red WWI. .In p¥tn•rsh* Gr￿￿1¥ Old Grxtrfulty •AI Leeds Falth PeoF4& tlwe two re5tyJr¢4 4 The W Lecrtye 2023 fw the thur¢hes. dty and ¥ademyi wrrln pwb*¥sh* With le￿$ PAin5ter and the of Phllosoplry. amd H￿l￿oIS￿eT￿e￿the [b)￿￿lty01Le&￿￿.￿￿$￿￿n Orlthjt BhoealM'Ho*lty*nd Sa￿￿￿ryfor ￿1,. Afterthe qvert a videD ol vrt5 rek•s¢d onlkne wo1* stsrted to irtts•te wth the Churth ¢f ￿TrEt￿a￿ CreaU¥lty C•rou5el wai ￿Ynthed to ¥￿Ik wfth (kn, utur*sts Sumlty C￿b ie•der5. rapathto ￿th flne rts ¥rnl kncorwrate thls Ints fal￿b0*edwI wlth chthIr￿. Thi5 lfvJudqd four doy*w re¢reJty vesourt•s ￿￿11¢A￿T￿ *wilsodlr*rt*w•meMt￿4th thlldron In sd*)d5 the developnont oflh *d￿nt r•sourLejour￿ to tr* M•n8er•nd a prtnOrsPup￿wft￿le￿s Pe¥elaprnentEth¢atrm Cent￿. ln pab1rn5hlp L*th 5wrbAry. La knt•d Ilyee Sk•tth W4*s wNth vlere opÈn C•port￿￿ lor po• to t*sth 24 ThtreV￿ •thlbw0ns*￿ wththcg5trJ •HatrAt IwlnE•buth •NI rtnttdon onAWvm Seekers. Éw¥len¢e5 ofdthftknand tDmryW. La w8SPartoftheLeeds Refu4o@Weekpro8rèm￿.*￿rft$ and shaytd rtsoL¥t•SODnne. Pa8e4 LeEf6 CWUKH IINCORPORAIED AEPORTOF THETRim FOJlnlEVElJt ENDED315fDE(EMBER202a F4lh4tthÈ L¢e41s Insyiute TH￿kert lo¢&1 churth l*•rs to est•t4￿h a thrt tsro￿ to8•tt*¢ r*4 wlth •YOUr* ra#ults. LCI Ealmd 123 n•wfollv￿r5 on Far•tyo¢klakiwth•totalto 549. and thw• a 7.5% erwmtm rate laveAV Irrtitytryfttes are 1.34%). Therp 40 folbwersoh In%*ram th? Iotsl lo 317,•rtdlhov•*•s*rt￿￿l•lQOf￿￿<￿¥￿a3t kndustryrntèsirearothtd 15516). We ￿unthQd thq LCI Notknbcord ¥ 4 new 5ty1• el ornall cLKrThur4L¥Uon mmbÈrs WM1¥ ntNotks. ay •nd 2023, NolScebc4rd h•J 1049 kn*r4e 4fA of em•lJs wére opened to tr* a¥eny of 21%1. •TrJthÈr¢ww •n•VErao45%wat¢ofdlthJ On fir&4fwfunhwlotorThat*n (t¢m￿redtoth11ndurtryl¥1rnV0f1%k r*Jdr¥ 2023. 10 thnt publ*a¥ons Wih X<*l IEafiets Vlthts 4TrJ The LCI Geb*rnl was in Septttnber•rnl tAOS V4tll attended a¢wl quwat¢. At thè sam• tlm&. tlx* ljnw Rw¢ for 2011 w*sem•lled to member5 and Com¢￿ aswdlas POSt•I(mtl**￿t Leeth Church In5Uiut¢ caniirwqd tr* ￿ bas•d it 43 The Pr￿&•$ that h s￿rq5 wlth Pthther5 Leeds SarKtyJ•ry Lgeds athens. Tlls ts run as a and P4thr5Nps* Ind ￿le was an wer¥fj• of la) vtsb perrngnth, Ih I(￿11￿ to sthftand parts*r *orfvlgr •c¢¢s¥ *ve 1nylpTh￿1Éd Indud4d •r¢¢JsOc Trfvrbldwnerrt ofthe ro￿ kn ?thllllon•l b¢n¢fftrfthl¥v￿￿ is th•t a$ 8 fDrYetLYdry wdcasts a￿1 audlo blo8s. A full Heath & Sllfety audit, 4$ aD ￿*saI.￿reen, •udlt ofth• bumdlni was uThJeriokn indrecomMe￿ath)rffj We￿ Impknwt4d. The* Ind¥ded for44JMty510$1Kn In. Th• BntW•d ofth• llow￿rketS*Xtbj1w￿WaS1Ir*•J4nd cornplèted 2023. Prye5 l￿0$ CIKIRCH IiisllTUTEVPICORIW7ED) E14DED31STOEQWR202J Fln*d4p pothfor202315•5fo1th.. . hKome IrKom•for2o23d•￿a19d tr¥£3Y397to£19Q55312021. £229￿1. . Ey4knditwe' Tottl￿￿￿rEe5W•th1 Iwea5edthrfni2023 &¥£60JIOto£445.66712022..f385S571. .TP*r•tlwd ofwththture wln¢ome Ibelarnyl￿8ndlo5srSj hutre*d a deftdtofa55,114IZ022.. defidtof £155.fA171. rryome from it bmdfythe W, h(Th¥*v•rnet r￿ts￿l¢￿Id d¢tr•wed •sthe"N¥ Market Street b￿ldIn￿WI*l01d 2021. Expenditure hos IrKrwed 45 lfvtsbYL¢nt In LCI'S 5 wr d￿￿0pMe￿ plan Wmlnue& hieludini umpletir¥ the watsiyn ol thi Styff tsDm to L*knr 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 erN5￿nment for both slHff And sAsitthS. Th0¥*￿￿WIr¢ l•ver ln 2023than1Tr2Q21 andwJlhll furthvwth? NEwM*keLstrw¢lvAdfv¥ hasi*•nx4d. io ¢f*)tbiuÈs tts der￿e ol Its frcffl Its Irprtsbmht •thlt*4 and • rnh¥)vrty l¥ fr•n th? Ilthy M•rketstreeE b￿￿1￿8 (ths hès bbjW￿3Sall. In ord¢rto iuIdethe1rh*stTh￿Trt Pd*y. La'sc￿1￿11h￿s•kntsdthQfQl1￿Il￿cknh**¥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￿ Infi￿On arnl protth th• Tea ￿ue of ¢4pltal ov•rthi ltywt•rm' .Tofc4bwa wkty¥thlth setsrfty. vAthth• h*h¢# rntum tomrnerourlté *tlhth• ethk4 ￿de￿O$ olthtChurdbdEr¥httd. The 5ts3kna(S)p¢ed ￿ to INesi th assets kn a mTrx of dlrert ivopÈrty ènd m•TkÈtsble lrt¥È*m¢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 Impr￿d. 2023 tt)nfjNedto.b*•fvrb￿ertVe￿rtr*th￿ 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 ￿t￿tnIents had • marker v￿¢ of £5.887J96 as at 31 Ottember.202312022.. £5A77.1921. lftlr th¢'$4k. the S¥OC¢E& from th• 5alÈ of 20 New MarkEt Strt¢t of £1,525X¢4) have bEen mtyed lo a Des4￿d fund. as th•58 lunds WUI be usttl to irnvt In the Iw5yeardevelD• plan. 6hRn the Importancé of the mwket YO￿¢ of iWtsn¢nts to the reser￿ of La tr* C4uThJl to dD5ety rnDNt4y tht performante of tl% portfolo. The Invesknitnt pdlcy Is to hokl a balarKe of'dwert propety and mak*etable wNestments %Yith rn¢dlum r7sk pyolle. Th• kNesbnents •r• h•W In The CBF thurch ol Enthd 1t74esin￿ Fund. This wrforn*l roèson*4ywdla6alrtstthe boThthm•*: Th•CBF C￿r(h DI En*F%¥ lfvestrn•nt Fund TheQF thtrth of Enth￿* Prcyrty Fur ThtC8f trwrch uf En¥tsThlGlob41 Equlty FuThl TheCeFaNr¢h ol Er*lyvJ CyosltFurvJ -1.19% i?S7X 449% .238% 1&80% 4.69% Pgr6 iEtDSC•XIKH INsnniTE IINCOAPOPATED} rttPORTOFTheYRL FOR THEY￿ trIt)ED yisfixiEMpER>)a ANANaALREVIEW Atth•end of 2023 LCI hrdds**stsnUd 4ssatslnlm+YsrM•￿tlAthh iK47me. Itisth¢ lllmthatthelntom•8ener•ttd Is spent •ach ￿*r on the of LCI. 7h•re to of tt￿$ to tro*t fwthor r•sew* and v&ue t￿ f￿￿81 k)WkatrJr* ol the ￿rTeTht 5 th* fvnds of th8 wbthln ￿ balr￿ $￿et •r* now •te40rfs•d béts¥een a d•*nated*Jnd.'S>w d&eIDpTh￿fitp1ort" and a ¢¢tterJl fimd.ThÈtwr•ntl¥e-ytsr plan Is belr4 lunded throulhfvproceed5arf¥lngfff*))￿ ofthe New U**etStreot I£L525.CW 4rn1 L% repty￿ asa desWedlthl. A¥ of 315t D￿th￿ber 2023, *fter year l of the fi¥&year plab tho fufid bthce is £¥269W6.These have been I￿￿1t￿d majntylnthe CBFChurth •lErW CwsltFvnd lTrretwTUoDl*4ttW usEd In thtme&bIimvt•￿. To ¢rnr short a minirn￿)I OF£40,￿ W hdd l• c4sh INS kn maithtsined 45 r*c*sary by the CBFiss•ts w r•mthNfm•rketab* •rvJ¥Jhlthts*ntl#llyrepreststtheyntralfvThJ. D*¥we a tw￿￿nty￿ar•￿ • 554th￿t0P*r¥th¥dPft￿t, LCI tscrThbJtrMl•Or4corarn ¢bJ•to￿ N¢h Iw4d ￿m•r¥•￿ 2024 La th*•TrJsweontlnue smwt￿twfj￿b￿. .Con¢inuln8the im￿￿Den￿lI0fto1lhe fvtryÈ•rEp¥41op￿rfPkn Inmlwurtl 2027k wthdtstyM*I￿WVr￿P￿￿far2O2*. .Towork 10fv￿1 LClThwryofChany' - Run￿￿¥•¥aded ènd IndUS￿¢eventI pubneau￿4 res¢*¢h4nd m¢dii pwunme: -￿s￿l￿nI¢ffe£t￿ re￿ti￿sh1pSWIthth￿rtho5and dettomkna0￿l. and be1￿*[￿v￿ Inthdtyllfr.. -RuMirvJlhe QTpnts*tw ethKll1tyaff￿ In i¢cord*ncewltltlts Memor•ndurn and CharltyComff4BthnN4•5. sThucriiR¢ GOVEAWMDMWGEPIIEpir o¥ermlnidllfJ&h¢lt The d*iity b ¢W*tr￿lEd by Its a de¢d Ind wThstltutN a ltsrAted ￿nF￿￿, as The charlty alm5 to edu￿￿On kn orthr to knt8pflt￿1#mwary asp•¢ts ofthÈgoW hrthe Qty. and is t ￿￿er$￿P othelorya￿9￿QM. The Instttu* wasfwded by W*ar of Leeds In 1857 to ad¥arKe￿￿tètknrt . both ¥r¥J 5E£ul•r. R keume a ¢h¥thWe comp•rty, limiterf byauaraniee. In 1919. Ws work15 W￿rnEd by• Mw)M)rnr￿urn irtldÈs Ofassodati￿Vth￿th Y￿res￿b¥1?￿￿lNvIh￿•ljn 1984withvwl0uJmlnorw￿uerrt￿ts￿￿nty L•eds U￿rth Courtll mrf reyjkrty in 2Q21 recel¥ed ryrts frorn apyth*d 2022 AnNal ReporL Tho AGM was Septethr. In person ind Frybrfd n*4iknB5 coniinued throwhNt 204 with on kn person meeury. t*rt wth support 01￿2 utwble to Iitend a yr¥cul¥ rr*er>)4 kn persoD¥l rn4s0￿, ￿.*b￿ty 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 C￿J1ch Ir*dbJt• IkKoTpty￿ed1 •nd fer all trJJslnEss mttters ￿rfrI th• hok4ln8 of meÈon8s¥ppfLv4W Theetw¥ tyme2rts of onlln• ¢onf*pnclr¥4s roè8n5 thro￿h 44 paroupantsmay ¢pmmuh*ate In2023 LCI'S w*mbersh* by￿t0280￿ )1 De¢ernbeF 2Q23(2021:2611. Det*ts ofth•1nfftÉ5 have5efftd durfnBth•yware Is14don patsL Non• of tl¥ tnth¢s arty pErson41 benafic*l IrTLerests rEq￿thI dlsdosurE. t•J5teu are oppplnted mEmbet¥ •nd enan i￿u￿0￿&V*he on the backwound oftl* LeedSOw￿h InstTtut••ndthelrrnsp0D￿￿41rf(￿5. p487 LEEDSCHURoiif6TITUTE IINCORPORATEDI ftEPORTOFTHETRUSTEES FQR ThEIEla£KIEDJisfDECEhWÉR2111J The CourKII of Leeds Oiurth m•ets 4t1+￿ lye Ym•sa >*•ras • lyu ¢owKi. lèvJs(￿rth I￿￿t¢• 51•ff dd¢B4t•J a￿￿)rity to tarry out the dty-to4y Eye*d by Coundl. Th@ Ctyjhdl apprv4es all ¢X8*S•t￿￿l kn acrud•nce wlth an 4veed 5¢he(bJle. In 2023 th1 lollty*l¥ ￿11￿￿$ w•re rvl•wed 4nd updated.. FI￿r*I¥l Prnc¥lw¢s & Conbb Pohcy. P•yPohty, Pdl¢y, He41th1 S¥F•tyPdlCy￿￿ • D•ta Protection & Irhm￿ws¢￿fftPon￿￿thdU￿ g r*w PffvXyPon￿.j rn•Jor cfrllsij￿ d•￿iM￿All￿nS ind ttsmtrwJl r4hJM* kxaty. It also ha5 Eorfflqc¥ons with lttcal ￿4￿n01 Ititerfath netwNks *Or•knntst•tsrtory4￿lWl4unI1rykn)￿È$. The total pakl ts) the Dlrector lth¢ ordy k•f peryxffjnell w•s E57.636 120Z2.. £52J1141 and lJthde5 p•nwii ror*I￿￿on5. Thls r•mtmer•tsun kwl15 btrthrn0￿e￿ ¥atrtst otTrwswhdwty res￿￿ pvbllc 5grtOrpo6W￿ arbj dats r•lthrynt ttsthLFtsken 4th*ttDuntln rthle • dutytoldthfy rvA8wth• rfthsfo wthlchth?th•rfty Is w05•d •MI tts eftsure approprJrt¢crrtrc4$ pIx&ioprvAp reD50naW*•55urnK•¥akAtfrJud ènd error. Thetru5tet5 ￿SkIthrtt￿￿arityf￿￿ e4th flThand*l ￿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 Inst￿t0 be •xposed to v•rlDUS fir4rKlil •r¥J other rlsk& thB follrM4￿ rtsks when .Th riskth•tlfivestrn¢rts*lll notdeh*rthElncreLy5 In realupltslorlKorwYknse¥4*ctèd. .The rf*lh¥tpwperU•s Lylnvestrnent rrqrwrsvlllng¢•thlv4•the rttsvrfj prolertÈ .The rfskthatkty rrona8*rnerrt persomd maylewe and not￿91￿*￿ rEPW. r are•5 of rt5k ￿•w*d and addr•55ed ￿ a rw4orba5h tr￿lU(￿ tsthe ottyptljn ￿the wopwty. Th•s* rf are n¢N efftth+*fy lorrnally m￿*$ed. on a dlpttsdw ba￿$ ￿ th• bylldlni •ynts a￿4 kndude health aThJ salety rt m•n•teMent an￿n8 uthr EM￿Cyn￿￿ Law. Fgod 4TrJ O￿T r￿￿tOry requ11￿ents hwe been idErrtih Me￿￿0￿d￿nd¢OrrtIt1l Apwv•edtsryrferofthe bts{￿￿f trust••ion ISthMay2024ahd beh*fbr. LGru•ThÈwald.Twsree P4ge8 INDEPENDENT EXAVINEWS REPORT70 THETRLSTEES OF c6t1￿RcH JI￿1n￿rIllmCORPoA*TEDl I reporttothe ¢h•rltytrustee5 on my•yArnlnattot)ofiho#cLyJntsof thE(￿ry￿Any1prthfrv*ar•1￿￿ 31rtC*cgmb•r2021 As tre thqrws kn of thE also Its &rtlors PL¥P0*5 of rompany W you we rewiltle for the piwrn¥on orth• •¢CoMtslna¢cw￿￿thth￿ rqqU1r￿*tsOIthbcOmP•I￿knt2C0G1￿*1c¥)6k S)kn$fi￿ mplf acoxmts ofthi COMP￿ arn not r•4ulred to bq aL*lited UAd¢r Part IS of ts 21x6 Att 4Th4 Irt ebw't4e for kndependènt t1￿￿nI¥￿T6 I report 111 respettof my•xamln4u(m of YtyJrth￿s attwnts as c•rni¢d out 145 Dfth• ClwrtleJ k¢ 2011 Iyh ACVI. In out my I Iwle fdItsw￿ th• ntrectkns th• Chirfty CtyTrmb*ffj ￿T￿er5e￿￿Tr 145151 Ibl olth1 2011All. I h*• t4JrnF4Rted myl¥*￿n3kn. l no mattéts hwe m¥•ttMUon *iththe E¥Am)natbn mi￿￿et0b@I*¥Q. I￿￿ntIn*￿￿wert r•tkeptlThrespeCtoftheCwhw￿￿￿Utr¢dbVSqL*kn 316gfthe 2(1)SA¢or thÈ *ttwntsdonotKuJrdwlth those retord5; or the acc￿1￿ do not ￿mP￿Ty￿th the ¥counur¥ reQ￿reMe￿5 oFSertlon 395 olts 2Co)6 Act othgrthanèny rewlr•MTht thbitheauf*Jnts 8￿9 •trw andfair¥le*wh1th15 nota r¥*tter￿r￿d1T¢dls wtpf on lfryepe￿nt¢MmlnltiOn.' or the •t¢ounts h*ve not been wr•d In I￿rdan¢¢ wlth the rnet￿ •nd prlntipk ofthe Stsknmurt of RKi7mmethltr Pr•ci*• fol icco¥Trtlr¥ reporting by thprI*￿$ 1•pp1kab￿ to chafllie5 prep3rinithlrxcw Ih attorl•n¢e the Rwttsl PAwrtin8StaTrdard afwicable UKand R￿￿1¢O11rdafvJ IFAS 10211. I hwe notoncerrel h￿¢¢the woss w othermotkn In ￿)n￿d￿Jr￿w￿th•*I1n￿rn￿Dn1OvthrhItr*ttlon be IntP4srewtln ard•rtoeMtrka PWDperunderst*dlniofth•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 Ra￿D9funds 4U*05 411￿05 TfA•l I45￿67 3W57 NetyinslllvM8slan kn¥•strneM$ 1620AS51 I￿lI￿o￿vIE￿PGNDrnirt11 177&4461 TotslfuThlsbmu8htforwa IJQL557 6.874￿)> 6A4D067 6,IOIX7 LEtD3 CHUKCN IN5TM1￿ilNC0RF0RATEDI 31ST [￿￿tR *28 23 fund Tanwble 155•ts li 37266 12 5J87aJ6 1.435,106 C•5h*bink 912n 119.867 211145 atEDrnRS 2141 P40461 297N54 1240 24IA67 &IOL5S7 IOL557 RINDS ifj De¥l8nai&*xe4Jas Deskr4t4&5yejrde￿￿mffDtl 4914,45B UtsJB6 2W67 4IOL557 67 101.557 Ihè £othpany Is Ènt￿1 to exèr￿110￿ ynder SEctsI 477 rf the Comm￿¢$ XK6 (Dr yothr wd•d 31st DeuThber2013. Tht nw)thEfs req￿re￿ th wmp/Thyts¢btslnan iydltofitsemrthl*tthmnts forth•ywf ¢th13tstC*rns 386 and 387 of the Com￿￿$ Ibl SlètoM•nts*thkhyrfeatru•￿d f*¥l•wofthestateof*lalr50fthe tharttrwe￿m￿n¥as 8tthB thd of e4¢h FinwKknI yearand of or defidt hr •ath finar<*l ￿ in aCCQTth•nc• vAth the of Sths 394 and 395 aTrJ otheM5e comk*y the rtqukn￿nts of th• Comw*$ Act 2006 T￿1￿4 tr• fin8ntlal Itat•nentysohrai*pp*ibJeth ￿￿thI[S￿ble ¢(¥npany. Thenote5fovm partofth•EefflnafvYa st•t*ne P8Ke Ji LEEDS CWRai INSTITufE IfrtORPORATEDI ALAl4fESNEEf-toThkn•d alsl DELTMBERa)23 These strt*rtent$ hwebeen prep•r•d In ¥Ath the aFOca14etsttort•M• o)mpanles sub￿# to the 5m811 compA￿eS r*tsne. . notss form ￿nOItt￿le￿tylYKlUIs￿tern•rts Pa8è 12 LEÉOS CHLIRCH Ilrn IINC(WRATED) ￿￿ToTHE￿1NANC￿LSTATÉMtNIs SOR TME YEARtPLYD 31ST DECEMBER 2023 The ffittancl41 ststertherrts of tt* ehxkable t￿P￿ty. vthkhis i put4c beb**tgnutyur￿lr￿PS 102, h*¢Yb¢*n prepwed Mi •t¢ord•no 4vhh the Charft*550RP IFR5 I021'A¢DU￿rI and Reporiin8tytroritse5'. StatemÈnt¢l IY•¢Ek• aFrftabh tp d*ritre5 preparfn8 th•lr acoyjms In wrth the FIn￿rI•l RepDrtkn¥ StaTr&4rf ap￿$£1￿* Ih UK •nd Rèpuwk of Irel￿￿ IFRS 1021 l¢ffe£thfft l 20191.. Rqporuw 5t•tsJ3rd 102 Yh• HnarKK*l RwrtNK¥ StaThJard tPbt UK ènd Aepublc of Ird*d' *r￿ the (th￿parA￿S 2006. Th• ffinand•l ststvrt•rrt5 ￿Ve b pry¢d ￿tr tr4 CO￿ wlth the oflrw•51m811ts twhlth ttluded at mark•t ￿lu¢ as mDdffiedby.the r*441uatbnofc*tsknas5ets. eertakn It•msotfakv4lue. Th•finar%￿l ststementsare PrEs¢rt￿ th stertkn8*hlth tsthe fwrtion•l currewirfthe thartty Anttroun&d tothe I￿reSt£. The sly4ftont accoun￿r¥ appued ln the preparation of the8e fhan¢kl ststérnwts All IrKome Is recwl*d knthg anE•the cfr*rfty h3senv112n*ntiOthÈfv￿ ￿1$ thaithhYJ)metwM berec4¥tdaNI the aVnOw￿¢>) k• measured Trmabty. ilent•t&K¢rn•￿d kntwesthrY•*Stynem HKthne arnwrthd oTra r4e*vabf*tr4d l￿￿111￿$ arÈrewnlseda% eyndtture usoon a5 th•r? Isalopl orcors￿ucÈ￿e obllyt1oncommm￿ th•ch**yty fvt expendttvr4 it Is Prttbab￿ tht a tr¥nsfir ol •¢onornk bw*ffts will be re4uired Sn setknnt and tht of the otllptKffi bè measur•d rdliwy. Is •ttDUnt*d IDr on on •nd ha¥ been das5ified ￿¥Ser headltw that atveg4te all cort to the r3thzDry. Whor• f¥nnpt b& dlrKtyattrfibuthd io ￿rt￿uL￿r heathr theYhMb••naM￿edloa￿￿t*sonl b35ts¢orfjbWwithtr* usÈef re3OWW. tfrtt¢pI•rableVAT￿1￿r11d wknstthee4te8w Df rwour£qs•¥p•rulgdf0rwhlch I￿￿red. The costs of Al￿n8 fimds ￿Th$￿t of investmèrt M￿l￿￿rn fee, rtrtsi wopwty wperjw •Dd c05ts Irxffied T¥￿￿*fixed assets•r•JtaWate£dt Cf Wdlythnléssdwec#tkn DÈpMdaUon ts prtythied on allt¥¥bk fth*d as*ts It rates to th• tosL Jess AS￿ul1 volue, ¢)f the •uets over their txpttted ￿1 I1￿. as Harrt & EqulpMeTrt 10%- 25% b•Lirttb￿ll A ro8yhr Bnnw41 revT•* ¢rf th• pf o¥•t Impalrwtht The ot ths rth ts to ex*nlne the assets in their cJJrreM use ar￿ •r*ure th•t tr* Lwent value is rnate￿ from ts ¥ak* repfxted in 1jh*s￿ert pt0pvtk5fort￿￿Ith f•irVa￿e wdue tortorthrtar•w•a5uredatf•k v41 rteath rtF#Jrt1￿￿*¥AththIryeSthla1r￿lYè reewiXdkn'rtt￿i￿SI Iltweslortlrpltsknrtln tt*SOFA. Mon*$ earmBrkgd ￿ do￿1$ or ￿ th• terrfis of f¢r p*tsLwlar prol4e¢ •re a¢¢ouAt¢d for In Restrfrted Fuhds. The rvJtes to the 4tyJunts shcv41h mov•m*ts4nd bI￿nCeS pn •Ay5uch reStr*tsdI￿d￿ fundsr¢daybeswton•nyWatech¥lt¥bkaiM down lTrthtCharftVsrnemornndwnofaS￿*tkn￿ Umewirtqd are hell kn tht yn•r¥l re¥4Tr• to the extsnt th•tth¢ trurte¢s con4der it aF•raprfate to make fra￿terS ￿￿e$￿ated￿nd 2J Thi t￿rt￿,$ *counWn8 syMem$4hi¢•te all Irw¢ eVnditu￿ 4r￿ res*w bEtweenthese fvrth. Tl st#temerrt of shows Mp¥at* the Ir*tsrn•. th¥¥￿￿t￿re any trHnsFers r•latr¢ to rtstricttsj degNed lurwls arKf 8enEral ¥esa%*s. Auets ar¥1 Ilablths *0 eath ful￿ art In notes to th OEbiovs •nd C￿￿or$ wth ho stated interest r•te and recei￿b￿ or ply•b￿ th one ￿r ue rethed ￿ tyans•¢uon . ￿l0￿•r￿￿¢frOTh Imparn*nt8rn r¢tw&qdkn •xperth. lrt¥estrnents are"reE0￿[Sed at fair wNth 15 M)mwlly th transactlort prk* •%dUd￿ taSl¥ sequentty. art myjred 4t FairvaluE*llh th4rwre￿rl5ed In'nrf8atr&llkxses1 o*lnvoslTr*nts' In the SOFA the xhare5 4r• tv* ortrtrfvlr¥41th1 tan Oth￿￿* b• mwured rdl4bly. lJther ore measurEd It less IMpaF￿rt InsuWdl*lÈsarenwsw•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 I￿uTE IINCORPOAATEDI NOILS TDThE HIW4aALSTATEMEM7S.Q￿tInued FOA THEYEA%EP*ED JISTtIÈCEMBERIQ23 MGRWtsS 1022 T(rfat •Jnds thAr￿$ fiw)d5 Pwertym*r•merrt4nd r¢l•ted fEes App¢thnmentofcoslsrdatyr4to InYestyTheni pr¢)perty 750 27A 27A62 70,354 7T,￿ Istsd rec•l¥•d WL OF an knplKIt ￿n￿ment 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 and5ttto￿ry Eq￿1Pm￿￿exF￿5 Bankcharges tw5[erN￿lrnIIofi 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+JpertyeOStstransf*re4 thc05tsof raIs￿￿[u￿￿$ Le8a14nd wtslE551onal Stsff sal•¥iES emplo￿ Nl Pensh)rd for£P*rilab￿$tsff Tovel subststerfe Till￿n8 and welfvre Chaity Insur•rte oThJgownanr4 costs Reoth'n¥rnat•ro1s Ev4Trts semina 117 23 528 4J77 5286 S97 19Jg1 So￿06 42.03S 4￿226 rrfedfc47¥ard 290.%3 Pa88 15 nued... IEE05 CHURCH INSTITUTE IINCOPPORATEDI TrrnTonEHNANCL41STAIEMEPllS.Mniinued FOR THEYÉIA E14DÉD31STttCV4lBERZDZ3 BrwthtfDMrd G￿n￿$￿￿t5P0%]Oftln0*o*ts >M453 TKOWWpw)rTUREI N*thKoyMI(•XPEfAlilurel b st•hd èftqrEknrsknfvedtkngl.' 1022 TR115TEW PWUIIERA7￿l1J1D0M￿ 11 w*re 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 remur*8tknn IlrKWln¥ Dlth•*tyThwwMt p•r$0m￿ dutytr*y•arw•s£57,636 13021.. £52.OMI. Relrthwg•d •¥ertses, •r8 5ubJttt to the dHrW5 pfLw¥es of Int•￿1 ControK do rnt fryrn part ol remun2rntknn•nd¥r¢ notwduded abm. NJI tr* miaee5 Wrnq fre4ty and ￿ reportèj io M trpAStee rèmunethitin pald in the year. Dur4￿ y*•r the Iwm ol meNknshlp lees ¢ontrlkned by the to ￿ th¥*y Wtsll•d £NI 120ll.. £wi. Totsl rtsJ4AbJ¥ryltorrnknaikinpll￿r*nts imntto£rfl12022:Enlll. Par 16 CC041Niwd... iEEDS CHURCH INs¥mJTElhKORPOUTED} 140TB TO THE FINANCIALSTATEMETrifs.cothue4 FORMYEAR £1￿3￿0£[$￿BEft ID2J COklPAUT1I￿F0rt ThESTATEMwfoFAfiii4aALAcfMnES Tot furtd5 io othertw#th￿athAtkns 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 $57 6,IQW7 TWIfjI•LE AXEDAsErs Ftslu At JAtJanuw¥ 2023 Addltknr Elsposa15 35.011 189AS?I At31st D#emtw2023 At1StJa￿ary?02j Chr8eft¥￿ar Im5nat4d ondlsw•l At ￿mber2029 A¢3tst D•c¢mt*r2013 At3ts1 December2022 P4• 17 £￿untred.. IEEt6CWRCH INSTftUTE (MORPORAIEDI IIOTESTOTK FINANCIALSTA7eMENT5. tonllnygd IOR THEYEAR ENDU>JISTbKEMBER2023 U￿451¢a Totsls MAA#ÉTVALUE Ai tstJ•nuary 2023 Add111￿$ D55POS1 lieiiluatlob t195Jni 1195J721 At31stDet*mber2013 4U7a95 WA96 14EfBOOKV*MIE "At3tstDetembÈr2023 4,442,t*S 4A41086 Ther¢￿Te noIrh￿￿￿ttaUe￿ou￿k4*thÉ UK. Unllstqd kbVq5MMmS bsiedlrvR%tm•nts cornprk•'. 2021 Tr* CÈF Cl¥Jr¢h d EwlaTrJ Inwb*t*t knd IfAfi13371202Z'. 177Ag).451 Income Shares 1811556 3.614Q9 The Clwjthof EwhrtdGJob•l Ewltylr*•m¢ Fthd 85.025.56P022.. 8*915.561 Ir￿me Shar•s 257,ts7 223,914 CBFChurEh Of£￿r#I Prowty 41W6.6712022'. 5435321 IrKomeShwes SM.175 S43￿32 Th*CBF ChurthofEwhnd PepJthFthd L308J76.99 12022.. Nlll I￿￿eShareS IJ08,377 The •t¢M torn￿n IrwimFrt funds e#•b115hed ￿dertTr￿ Church IrNubnert Measure 1953 ts5 arnwthd from theto The a￿d¢ spvead of1￿￿d￿r •qth and Irl￿nts. Fyrthordetsiis of the CBF c￿r[h ofEn81a￿l FUDd5aht•0btsl￿ IromwtYwxd•.c•. CostC¢Val￿oon •t3Jst D•cember20231s by: IJAl￿tsd vil￿1n 2023 Th• omparry's W￿l￿￿1tthe balance sWdateffithÈthèr•vptsl olcomp¥th lTrJwJethekl(￿ P•g¢ 18 conllnuetL.. IEeDscHUKH Ir6nTUTE (INCO￿TED} NOTESTOTIE FINANaALsfATEMENTS.%rs. LvIPFhastv￿stt￿￿'. l. tl*Defined kl 2.thEPen￿Qn WtrSch•rn. ¥thlthlwtwo subser￿1￿,. a. adefewed ￿N￿￿T$e￿￿)Akn￿l Is Ptnskin Bulkkr¢bssK a tath w•ntèsedkjnkr￿￿n4%pqn￿rth B￿2014 Both settitiNef ttrbt P•nsion&*ldÈrS¢h4m•4rndau•d *$d¢fi￿d b2nEfftsC￿mo •ccwrwkited frgrn cixttrlbutloN pald and eafFMrted a defaffed afftn￿ty dUrir￿ empl(rymont ba5•4 ffi tvn)6 let r￿d by ihe thurch of E￿and Board frefft Yme to the. suefj¢NryYKreasesrnrykn be Idd￿. depenthrqon In¥estm*tretwnsard othvhetu Per*skn wfder 2014 Is a i>sh balunce tlAt pmYdE5 • ILTnp sum M￿bErS use b•th It re￿reM￿t. P¢ng¢n ccfitj*•ubr￿￿ ¥e TecordEd tn an •¢e(*Jnr for member. Dis¢r¢tiomry bttrrt￿ may be idded before dep￿dIr¥ on rnurns and rrtherfattorn. ThE?ccouTrL plus •￿bc￿￿•Sde(￿r2d Js pay4t frDm •¢e 65. Ttrmrels rK*sththL%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 POss*hts4ttrtbuM the Pen*on ￿l￿s￿eme,¥ ?$1¢ts ILl￿"￿ie$toSp￿rf￿c wnpl•*r5 4fyJ tNir ¢<¥rtr1￿O •re Kcwrted for 89 rf the Sthrn wqfe • cOntrSTr￿t￿l schqme. Tht Pen5*￿ costs to the WA In tho r4r•the(T)Nv*uths payablè12￿￿5. QI487. 2022.. £IOA411. Aval+Jatithi ofth• pe￿[0￿ BtsiktqrSuknTr*Jst*￿￿1artancefywY three y*ark Th• m$t iecent¥alMation wastsrrknd out •t31 Decemb¢r2011 Penskn a4s* sectbon,tt* lo22￿lu￿1￿Jn rE4EJled a surpthof£34th onthe ¢￿￿¢&$￿￿p￿O￿s used. Atthe most rKent 1ftn￿l r*ieweffectfve lJanw&ry 2024.the to8rnrt¥dknlWry borws of&7%w both penlcry nthyet In pJyry*tit and In pawnem In re%pe¢tef ser*Ke pFlart• Wl 1997* aTrJ • baw5 QTr p*A￿on5 In payment In re5PECt of post April 2006 s*Yl¢e Jo that the p￿sk)n Increase 5% It w0￿d ￿ Cak￿lIt b15ed on knfiatlon up tp 25x1. INslolknwed Inw¥ahents in thgfvThlln#posMoh v4er 2Q25. Thertb hD r4w1iem￿l for defic￿ paymemsttthe DJwVrt￿rnI. 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