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|CONTENTS|||PAGE|
|---|---|---|---|
|Report ofthe|Trustees||2-7|
|Independent|Examiner's
Report|||
|Statement
of|Financial Activities|||
|Statement of|Financial Position||10|
|Notes forming|part ofthe financial|statements|11-16|
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|||||||Unrestricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|Funds|Funds|Funds|Funds|
|||||||||2023|2022|
||||||||||6|
|INCOME AND ENDOWMENTS||||FROM:||||||
|Donations
and legacies||||||51,980|27,216|79,196|113,088|
|Activities for generating|funds|||||927||927|792|
|Charitable
activities||||||13,665||13,665|7,059|
|Income from investments||||||160,860||160,860|150,846|
|Other income resources||||||1,421||1,421|0|
|Total Incoming resources||||||228,854|27,216|256,069|271,785|
|EXPENDITURE ON:||||||||||
|Raising funds||||||1,894||1,894|1,443|
|Charitable
activities||||||218,701||218,701|182,924|
|Investment
management||costs||||28,553||28,553|31,421|
|Otherresources
expended||||||24,963||24,963|27,833|
|Governance
costs||||||1,100||1,100|950|
|Total expenditure||||||275,210|0|275210|244 571|
|Net Income over Expenditure||||||||||
|before Transfers||||||(46,357)|27,216|(19,141)|27,214|
|Gross transfers
between||funds||||||||
|Net incoming
over expenditure||||||||||
|before other recognised gains/losses||||||(46,357)|27,216|(19,141)|27,214|
|Other recognised
gains/losses||||||||||
|Gains/(losses)
on investment|||assets|||||||
|Realised|||||||(24,998)|(24,998)|30,092|
|Unrealised|||||||126,170|126,170|(384,742)|
|Gains/(losses)
on land 8||property assets||||||||
|Realised|||||||0|0.00||
|Unrealised|||||||1,341,717|1,341,717||
|NET MOVEMENT
IN FUNDS||||||(46,357)|1,470,105|1,423,748|(327,436)|
|Balances brought
forward||at||||||||
|At the 1stJuly 2022||||||599,562|5,675,894|6,275,456|6,602,892|
|Balances carried forward at||||||||||
|At the 30th June 2023||||||F553205|87 145999|F7699204|f6275 456|
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|||||2023|2022|
|---|---|---|---|---|---|
|||||8|6|
|Fixed Assets||||||
|Tangible assets|||4|1,967,445|619,119|
|Investments|||5|5,589,410|5,516,155|
|||||7,556,855|6,135,274|
|Current Assets||||||
|Debtors||||7,133|5,541|
|Short term deposits||||0|0|
|Cash at bank and in||hand||143,685|140,765|
|||||150,818|146,306|
|Creditors:|amounts|falling due within one year||(8,470)|(6,124)|
|Net Current|Assets|||142,349|140,182|
|Total Amets less current liabilities||||7,699,204|6,275,456|
|Net Assets||||67699204|66275456|
|Funds||||||
|Unrestricted:||||||
|Designated||||7,145,999|5,675,894|
|General unrestricted||||553,205|599,562|
|||||67 4796204|F6275456|
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|2.Income 8 Endowments|2.Income 8 Endowments|2023||2022||
|---|---|---|---|---|---|
|Voluntary
Income||||||
|Donations
&Gifts||51,980||80,338||
|Legacies||27,216||32,750||
||||79,196||113,088|
|Activities for generating|funds|||||
|Bookstall||927|927|792|792|
|income From Charitable|Activities|||||
|Retreat Guests||13,665|13,665|7,059|7,059|
|Income from investments||||||
|Dividends||160,860|160,860|150,846|150,846|
|Other incoming
resources||||||
|Miscellaneous||1,421|1,421|0|0|
||||E256 669||E271 765|
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|Fo|
r the year ended 30th June|2023|||||
|---|---|---|---|---|---|---|
|||Freehold|||||
|||Land and|Motor|Plant and|||
|4|Tangible Fixed Assets|Buildings|Vehicles|Equipment|2023|2022|
|||F|E|E|E|E|
||Cost/Revaluation||||||
||At the 1stJuly 2022|608,283|17,269|244,934|870,487|870,487|
||Additions|0|0|16,464|16,464||
||Revaluation
adjustments|1,341,717|0|0|1,341,717||
||Disposals|0|0|0|0||
||At the 30th June 2023|1,950,000|17,269|261,399|2,228,667|870,487|
||Accumulated
depreciation||||||
||At the 1stJuly 2022||11,364|240,004|251,368|238,295|
||Charge for the year||4,317|5,538|9,855|13,073|
||Released
in the year||0|0|0||
||At the 30th June 2023|0|15,681|245,542|261,223|251,368|
||Net book values||||||
||At the 30th June 2023|f1 950 000|f1 500|315050|f1 907
5||
||At the 30th June 2022|8608203|55905|04931||5619119|
||||2023|2022|
|---|---|---|---|---|
||||E|E|
|Southsea 7 Nelson Rd.|||||
|At valuation
(note)|||1,950,000|550,000|
|Add: Cost ofgarage (included|in valuation|for2023)|0|51,783|
|Grave plots (note)|||6,500|6,500|
||||51 056 500|f608 283|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||2023|2022|
|5|Fixed asset|investments|||F|
||Market value|||||
||At the 1stJuly 2022|||5,443,876|5,802,862|
||Additions
(at cost)|||402,549|637,878|
||Disposals (at|sale price)||(425,758)|(642,218)|
||Net gain/(loss)|on sales in year||(24,998)|30,092|
||Net unrealised|||||
||investment
gains/(losses)|||126,170|(384,742)|
|||||5,521,840|5,443,874|
||Add: cash awaiting
investment|||67,570|72,281|
||Market Value|(see|below)|||
||At the 30th June 2023|||E5,589,410|F5,516,155|
||Cost Value|||||
||At the 30th June 2023|||f4,516,299|f4,578,123|
|||||Total|Total|
|||||2023|2022|
||Analysis of|market value ofinvestments||||
||Fixed Interest|||100,505|92,582|
||Ordinary
&variable||interest|5,421,335|5,351,292|
|||||5,521,840|5,443,874|
||Cash|||67,570|72,281|
|||||E5589410|P5516155|
|At 30th June 2023 investments|At 30th June 2023 investments|representing|representing|more than 5%by value ofthe|more than 5%by value ofthe|porffolio:|
|---|---|---|---|---|---|---|
|Name/Description|||||||
|CBFofthe Church of England|Investment||Fund|Units|26.35%|f1,455,223|
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|||||2023|2022|
|---|---|---|---|---|---|
||Gift Aid lax recoverable|||173|272|
||Prepayments|and other|debtors|6,960|5,269|
|||||67,133|P5,541|
|9|Creditors:|Amounts|falling due within one year|||
|||||2023|2022|
||PAYE, NIC|8 pension|contributions|485|494|
||Other creditors|||4,735|2,980|
||Accruals|||3,250|2,650|
|||||F8,470|f.'6, 124|
||||incoming|Resources|Gains &||
|---|---|---|---|---|---|---|
|||At 1.7.22|resources|expended|losses|At 30.6.23|
|General fund||599,562|228,854|(275,210)|0|553,205|
|Designated|reserves fund|5,675,894|27,216|0|1,442,889|7,145,999|
|||6,275,456|256,069|(275,210)|1,442,889|7,699,204|
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