LEEDS DIOCESE CHARITABLE SOCIETY TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CHAAITY NUMBER .' 232081
ADMINISTrATIVE INFORMATION DDRESS CHURCH HOUSE 17-19 YORK PLACE LEEDS LS1 2EX LEEDS DIOCESAN BOARD OF FINANCE DEPENDENT MINER GEOFF PARK CHIEF FINANCIAL OFFICER LEEDS DIOCESAN BOARD OF FINANCE BANK SANTANDER BOOTLE. MERSEYSIDE INVEST T KIANAGERS CCLA INVESTMENT MANAGEMENT LTD SENATOR HOUSE, 85 QUEEN VICTORIA STREET LONDON, EC4V 4ET
BACKGROUND AND OBJECTIVES The object ol the charity is lo apply the clear Income in r81i8ving the need among dergy, deaconesses and licensed lay workers who are resident in or have served In the Dioce58 of Leeds and among person5 who are dependent relakn'ves of any rnernbers of the cleTgy by making grants ol money. Quallfying Persons Clergy Deaconesses Licen58d lay workers Dependent relative5 of dergy ACTIVITIES DURING THE YEAR The Leeds Diwe8e Charitable Sociaty Tru5t12320811 I'the Trusl'l gave gr8nts during the year In accordan ith the purp05e5 of the Tru5Ys oty'e¢bves lo thè value of £21,20012022'. £4551. Dividends and inter8sI received during the year arnounled to £30.78612022". £25,498) giving a surplus of receipts over payments 01 £9,58612022.. £25,043). Th8 investments 8howed an unrealised gain in the year of £70,08512022.. loss £98.0351. Total funds al the end ol the year were £1,152,96312022." £1,073,0211 STRUCTURE. GOVERNANCE AND MANAGEMENT The L8eds Diocesan Board of Finance ILDBFI is the managing trus188 of the Trust. During 2023 grant applications w8re r8C8ived and reviewed by the Leeds Diocesan Board of Finance Hardship Committee, which was mad8 up of Jonathan Wood (CEO LDBFI, Geoff Park ICFO LDBFI, R8vd Ra¢hel Firth (Leeds Board Membe Chair ol the Diocese of Leeds House of Clergyl, The Venerable Peter Townley (Archdeacon pte1racti to 30 Septernber 2023 and The Venerable Paul Ayers (Archdeacon of Leeds) from 1 October 2023. DECLARATION The Tru$lees have approved th Trust888' report abciv8. Signature Full Name Position Date
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS LEEDS DIOCESE CHARITABLE SOCIETY TRUST Registered charity number 232081 On accounts for the yèar ènded 3111212022 I r8POrt to the truste9s on my exarnlnation ol the accounts of the above charity Ilh9 Trusfi lor thè year end8d 31st D9mr 2022 whl¢h aro set out on pag88 5 to 7. R•spon$lbllltla8 and baBls of rnport As the ch8riVs trustees, you are responslbl8 for Ihe preparation ol the accounts In ac¢ordanee with the requ1ments ol th8 Charltles Act 2011 1.the Acri. I report In res¢t ol my examination Df the Trusf8 accounts carrfed out under section 145 01 th8 2011 Act and in carryng out my 8X8rn1natlon, I hav8 followed all the apleabl8 dir8ctions glven by tha Charity Commlsslon under Sectlon 14515llbl of th8 Act. depondènt axamlnevs statèment I hav8 compl8ted my ex8minallon. l Confimi that no materi81 matters have come to my attantlon in connection with tt)8 examinatlon whlch glve8 rrg eause lo be118v& that In, any rnat6rtal resp8Ct.. the accountlng record8 were not kept In 8ccordance wlth sadon 130 of the chare3 Act.. or the accounts dld nol Mccord with Ihe accounlino rgeords., or the accounts did not cornply with thè app5i¢ab18 r8qulrements conmIng the form and content of accounts set out In the Charltles (Accounts and Report81 Rggulatlons 2008 other than any requirement that the aocounls giv8 a'true and fair, view 1¢h is not a mattw considered as p8rt 01 an Independenl oxamSnalK)n. I hav8 no concerns and have Come across no oth8r fflatters In conn8ctlon with the exarninalion lo which attention should be drawn In this report in order io enabl8 a proper und8rstandlng of the accounts to b& rgached. Slgnaturg. Ic)Ifl&l(L........ John Knox Dir8Ctor ol Buslness PlannSro & Head of Prop8rty Loeds DDcesan Board of Fin8nce
LEEDS DIOCESE CHARITABLE SOCIETY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Total Notes Endowment Funds Total Fund5 Fund$ 2023 2022 In¢omlng r880ur¢8s Donation6, legacies & slmllar Ineomlng resourc89- Investment Incom6 Grants from prior year not cashed Gift from olh8r amalgamated chartlable Trusts Totsl In¢omlng resourcès 30,788 30.786 25,498 30,786 30.786 25,498 Resources expended Charltable expendlture- Grants payable., general other 8XP8ndilur9 Total rosoureos axpgnded 21,200 21,200 455 21,200 21,200 455 Net Incomlng r980urc88 before transfers 9,586 9.586 25,043 Not Incoming re50ttrcgs bgforg dlsposals of investment aS5tst5 Galns and losses on r8valuallons And Investment assets 9,586 9,586 25.043 70,086 98,035 Net m0Mnt In funds Total funds broughlforward at 1 J8nuary 79,672 79,672 -72,992 1,073,020 1,073,020 1.146,012 Total fund¥ ¢arrlgd forward at 31 D8¢ember 1,152,692 1,152,692 1.073,020
LEEDS DIOCESE CHARITABLE SOCIETY TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 Notes 2023 2022 Fixed asset5 Inve51tnenls 808,564 808,564 738,479 738,479 ¢urT8nt a$$¢ls Debtors Cash al bank and In hand 344.128 344,128 334.541 334,541 344,128 334,541 Currgnt Llabllltles Creditors Net current a$s•ts Total a5set$ less Current Ilatsllltle$ 1,152,692 1,073,020 Total net assets 1,152.692 1,073.020 Capital and reserves Endowment fund$ 1,152,692 1,073,020 Total Res8rv85 1.152.692 1,073.020 The notes on Page 7 form part of these accounts. Slgnad Fvll Name Posltlon Oate
LEEDS DIOCESE CHARITABLE SOCIETY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICY Ba819 of accountlng The financlal st8tements are prepared under tho hlstorlc eost convenllon as modifled by the revaluation of inv8$tments In accordance wilh appllcable accounting standards and th6 St&tom9nl of Recomrnended Practice for Charit18S. Inv•strnents Investsnents are stated at Bld Market Value. R981ised and Unreallsed g&insAos388 are reflerled In U)è $tatotn9nt of Flnancial Acllvllles. Re¥8Ne$ The Re5erv65 Pollcy s8ts iargetlr88 res8rves al 3 months of axwct8d 8xp8ndllure. Glven that grants arg approved by the Trustees on an applicalon basis and would not ordlnarfly exca&d tha annual income of clrca £31,000, fr66 r8$8rI88 ar8 s1gnifin1IY above the requSred level. 2. INVESTMENT INCOME 2023 2022 Deposll Fund Interest Dlvldends R8cglvgd 8,685 22,102 30,786 3,518 21,980 25,498 3. GRANTS 2023 2022 Grants Chrfsttn88 Gifts to Clergy Wldows 21,2110 455 455 FIXED ASSET INVESTMENTS 2023 2022 Mark81 Valug al 1 January Additions Disposals Nèt unr8alisad1108$llgaln Marf(et Valu& at 31 Dacomber 738.478 836.514 98,035 738,479 Hlstorfcal cost 8131 Dec&mbor No shar9s were bought or sold durSng the year 5. RESERVES Ravenue Capltal Totsl Balan¢0 al 1.1.2023 Galn I (Lossl for th8 year Balance al 31.12.2023 603,860 469,160 1,073,020 539 246 1 152 692