##
##
||||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|