2023-04-05-accounts

			Page
Reference and administrative		information
Trustees' report
Independent examiner's report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements

Trustees		Rev SStamp
		Rev P Stanley
		Rev S D Hawksworth
		Rev A Prescott
Officers		Rev S Stamp	- President
		Rev P Stanley	-Secretary
		Rev S D Hawksworth	-Treasurer
Independent	examiner	N Mason FCA, DChA
		MHA Moore and Smalley
		Chartered Accountants
		8 Statutory Auditor
		Richard House
		Winckley Square
		Preston
		PR1 3HP
Investment	managers	Sarasin 8 Partners	LLP
		Juxon House
		100St. Paul's Churchyard
		London
		EC4M 8BU
Contact address		c/o Rev S D Hawksworth
		Treasurer
		StJoseph's Presbytery
		Caroline Street
		Preston
		PR1 5UY

		i	~ ~ i
		I
Fixed Interest	ICE BofAML Sterling		-10.6%
	Corporate
	ICE BofAML UK Gilts		-16.3%
UK Equities	MSCI UK IMI		1 90/
Global Equities	MSCI AC World ex		-8.0%
	UK(Net TR)
Global Property	S8P Developed		-22.3%
	Property
UK Inflation	UK Retail Price Index		13.5%
LISCF Portfolio			-4.3%

	2023	2022
Fixed interest	17.9	11.0
Global Equities	59.2	64.2
Global Property	3.8	5.0
Alternatives	11.8	12.5
Cash	7.3	7.3
	100.0	100.0

					Capital	Income	Total funds	Total funds
					account	accumulated	2023	2022
						funds
				Note
Income from:
Donations and legacies				2a		79,152	79,152
Investments				2b		144,346	144,346	140,654
Other income					1,993		1,993	7,251
Total income					1,993	223,498	225,491	147,905
Expenditure on
Raising funds:
Investment management		costs
Expenditure on charitable			activities:
Grants to Infirm Clergy - Individuals						121,100	121,100	114,100
Support costs						5,020	5,020	5,568
Total expenditure						126,120	126,120	119,668
Net income/(expenditure)			before
gains/losses on investments					1,993	97,378	99,371	28,237
Net gains/(losses)	on investments				(377,664)		(377,664)	97,753
Net income/(expenditure)					(375,671)	97,378	(278,293)	125,990
Reconciliation of	funds:
Total funds brought	forward				4,900,871	388,457	5,289,328	5,163,338
Total funds carried	forward				4,525,200	485,835	5,011,035	5,289,328

						Total	Total
						funds	funds
						2023	2022
					Note
Investments						4,754,507	5,132,171
Current assets
Cash at bank	and	in	hand			260,563	160,962
						260,563	160,962
Creditors: Amounts			falling due
within one year						(4,035)	(3,805)
Net current	assets					256,528	157,157
Total assets	less	current liabilities				5,011,035	5,289,328
Funds
Restricted —capital			account		9	4,525,200	4,900,871
Unrestricted	—Income accumulated			fund	9	485,835	388,457
Total funds						5,011,035	5,289,328

Donations and legacies
	2023	2022
		Z
Bequests	79,152
Donations
	79,152

Investment income
	2023	2022
	Total	Total
		P.
Unit Trusts	140,544	140,553
Bank deposit interest	3,802	101
	144,346	140,654

3	Investments
							2023	2022
							Total	Total
	Market value at 5 April 2022						5,132,171	5,044,418
	Additions/(Disposals) Net investment gains/(losses)						(377,664)	(10,ooo) 97,753
	Market value at	5 April 2023					4,754,507	5,132,171
	Historical cost at	5 April 2022					4,267,336	4,275,608
	Additions/(Disposals)							(8,272)
	Historical cost at	5 April 2023					4,267,336	4,267,336
	The market value	of investments		is analysed		as follows:
	Unit Trusts						4,754,507	5,132,171
	Total market value of investments						4,754,507	5,132,171
	All investments at the year end			are held	in unit trusts.
4	Cash
							2023	2022
							Total	Total
	Cash at bank and	in hand					13,364	10,102
	Cash held within	investment	portfolio				247,199	150,860
							260,563	160,962
5	Creditors: amounts falling		due within		one year
							2023	2022
							Total	Total
	Accruals						4,035	3,805

Support c	osts
		2023	2022
		Total	Total
Treasurer's	expenses	250	750
Secretary's Independent	expenses examination	500 2,730	1,000 2,715
Postage, printing and stationery		81	103
Officers' meetings and AGM		1,459	1,000
		5,020	5,568

Movements in c	harity	funds
				Capital	Income	Total	Total
				account	accumulated	funds	funds
					fund
				2023	2023	2023	2022
						F
At 5 April 2021				4,799,867	363,471	5,163,338	4,211,669
Net incoming/(outgoing)		resources		3,251	24,986	28,237	47,776
Other recognised	gains	and losses		97,753		97,753	903,893
Net movement of	funds	available	for
future activities				101,004	24,986	125,990	951,669
At 5 April 2022				4,900,871	388,457	5,289,328	5,163,338
Net incoming/(outgoing)		resources		1,993	97,378	99,371	28,237
Other recognised	gains	and losses		(377,664)		(377,664)	97,753
Net movement of	funds	available	for
future activities				(375,671)	97,378	(278,293)	125,990
At 5 April 2023				4,525,200	485,835	5,011,035	5,289,328
Analysis of net	assets	between	funds
					Capital	Income	Total
					account	accumulated	funds
						fund
					K
Investments					4,525,200	229,307	4,754,507
Net current assets/(liabilities)						256,528	256,528
Net assets 5 April	2023				4,525,200	485,835	5,011,035
					Capital	Income	Total
					account	accumulated	funds
						fund
Prior year
investments					4,900,871	231,300	5,132,171
Net current assets/(liabilities)						157,157	157,157
Net assets 5 April	2022				4,900,871	388,457	5,289,328