2024-12-31-accounts - The Clergy Rest Fund

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`CONTENTS`
	`PAGE`
`REPORTTOTHETRUSTEES`	`1`
`INDEPENDENTEXAMINERSREPORT`	`2`
`GENERALINFORMATION`	`3-4`
`FINANCIALSTATEMENTS`
`NotestotheFinancialStatements`	`5`
`BalanceSheet`	`6`
`StatementofFinancialActivities`	`7`
`CapitalAccount`	`8`
`IncomeAccount`	`9`
`ScheduleofDistributions`	`10-11`
`ScheduleofCreditors`	`42`
`ScheduleofStocksandShares`	`13-17`

	`2024`	`2023`
`Stocksandshares`	`1,266,367,.00`	`1,217,471.00`
`WinckworthSherwoodclientdepositaccount`	`(1,545.88)`	`(2,381.06)`
`Depositsheldforpersonalallocationsasfollows:-`
`TimothyJohnBriden`	`1,090.00`	`1,090.00`
`AidenRichardHargreaves-Smith`	`2,290.00`	`2,290.00`
`SarahFrancesJonesKC`	`1,590.00`	`1,590.00`
`Rathbonescashheld`	`8,581.41`	`12,523.55`
`HMRC- giftAid`	`1,250.00`	`0.00`
`Less:-`
`Creditors- perscheduleonpage12`	`(10,544.00)`	`(10,010.00)`
	`£1,269,078.53`	`£1,222,573.49`
`Thisisrepresentedby:-`
`CAPITALACCOUNT(Page8)`	`1,269,078,.53`	`1,222,573.49`
`INCOMEACCOUNT(Page9)`	`0.00`	`0.00`
	`£1,269,078.53`	`£1,222,573.49`

`IncomeandExpenditure`	`Capital`	`Income`	`TotalFunds`	`2023`
`Incomingresources`
`Investmentincome`	`0.00`	`28,720,32`	`28,720.32`	`24,626.43`
`Donations`	`0.00`	`5,000.00`	`5,000.00`	`0.00`
`HMRCGiftAid`	`0.00`	`1,250.00`	`1,250.00`	`0.00`
`Transfer`	`35,373.69`	`(35,373.69)`	`0,00`	`0.00`
`Grossinterest`	`0.00`	`403.37`	`403,37`	`312.82`
`Totalincomingresources`	`35,373.69`	`(0,00)`	`35,373.69`	`24,939.25`
`Resourcesused`
`Directcharitableexpenditure`
`Distributionsmade(Scheduleon`
`page10)`	`23,850.00`	`0.00`	`23,850.00`	`22,550.00`
`Otherexpenditure`	`0.00`	`0.00`	`0,00`	`0.00`
`Administrationcosts`	`27,402.26`	`0.00`	`27,402.26`	`26,371.62`
`Totalresourcesused`	`51,252.26`	`0.00`	`51,252.26`	`48,921.62`
`Netincoming/(outgoing)resources`
`fortheyear`	`(15,878.57)`	`(0.00)`	`(15,878.57)`	`(23,982.37)`
`Otherrecognisedgainsandlosses`
`Gainsandlossesoninvestments:-`
`Realised`	`11,047.04`	`0,00`	`11,047.04`	`10,551.83`
`Unrealised`	`51,336.57`	`0.00`	`51,336.57`	`65,166.18`
`Netmovementinfunds`	`46,505.04`	`(0.00)`	`46,505.04`	`51,735.64`
`Balancesbroughtforwardat`
`{stJanuary2024`	`1,222,573.49`	`0.00`	`1,222,573.49`	`1,170,837.85`
`Balancescarriedforwardat`
`31stDecember2024`	`£1,269,078.53`	`(£0.00)`	`£1,269,078.53`	`£1,222,573.49`

	`2024`	`2023`
`Balancebroughtforwardat1stJanuary2024`	`222,573.49`	`1,170,837.85`
`Add:-`
`Revaluationofstocksandshares`	`51,336.57`	`65,166.18`
`Transferfromincome`	`35,373.69`	`24,939.25`
`Profitonsaleofstockandshares(Page17)`	`11,047.04`	`10,551.83`
	`1,320,330.79`	`1,271,495.11`
`Less:-`
`Distributions(Page10)`	`23,850.00`	`22,550.00`
`WinckworthSherwood- Legal,accountancy,taxationand`
`administrationchargesanddisbursements`	`11,995.00`	`11,750.00`
`VATthereon`	`2,399.00`	`2,350.00`
`Bankandphotocopyingcharges`	`118.20`	`74.28`
`Newton& Garnerauditfees`	`1,150.00`	`1,100.00`
`VATthereon`	`230.00`	`220.00`
`Rathbones`
`Investmentmanagementcharges`	`11,510.06`	`10,877.34`
`Balancecarriedforwardat31stDecember2024`	`£1,269,078.53`	`£1,222,573.49`

	`2024`	`2023`
`Balancebroughtforwardat1stJanuary2024`	`0.00`	`0.00`
`Dividendsandinterest(Page17)`	`28,720.32`	`24,626.43`
`DonationfromDrSheilaCameron`	`5,000.00`	`0.00`
`Giftaiddueondonation`	`1,250.00`	`0.00`
`WinckworthSherwood- grossinterest`	`43.38`	`0.00`
`Rathbones- grossinterest`	`359,99`	`312.82`
	`35,373.69`	`24,939.25`
`Less:-`
`Transfertocapital`	`35,373.69`	`24,939.25`
`Balancecarriedforwardasat31stDecember2024`	`£0.00`	`£0.00`

	`Total`
`ArchbishopofYork`	`1,500.00`
`BishopofBath& Wells`	`1,500.00`
`BishopofBirmingham`	`1,500.00`
`BishopofBlackburn`	`1,500.00`
`BishopofBristol`	`1,500.00`
`BishopofChelmsford`	`1,500.00`
`BishopofChester`	`1,500.00`
`BishopofCoventry`	`1,500.00`
`BishopofDerby`	`1,500.00`
`BishopofDover(Canterbury)`	`1,500.00`
`BishopofDurham`	`1,500.00`
`BishopofExeter`	`1,500.00`
`BishopofGibraltarinEurope`	`1,500.00`
`BishopofLeicester`	`1,500.00`
`BishopofLichfield`	`1,500.00`
`Revd.P T Fitzpatrick`	`400.00`
`Revd.RJ Norman`	`250.00`
`RevdD M Lloyd`	`700.00`
`Totaldistributed`	`£23,850.00`

	`SF`	`AR`	`TJ`
	`Jones`	`Hargreaves-Smith`	`Briden`	`Total`
`Balancebroughtforward`	`1,590.00`	`2,290.00`	`1,090.00`	`4,970.00`
`Addallocation`	`0.00`	`0.00`	`0,00`	`0.00`
	`1,590.00`	`2,290.00`	`1,090.00`	`4,970.00`
`Lessdistributions`
`Balancecarriedforward`	`£1,590,.00`	`£2,290.00`	`£1,090,00`	`£4,970.00`

		`2024`	`2023`
`Funds`	`available` `fordistribution:-`
`ARHS- seepage11`		`2,290.00`	`2,290.00`
`TJB`	`-seepage11`	`1,090.00`	`1,090.00`
`SFJ`	`-seepage11`	`1,590.00`	`1,590.00`
`Newton& Garnerauditfees`		`1,150.00`	`1,100.00`
`VAT`	`thereon`	`230.00`	`220.00`
`Legal,accountancy,taxationand`
`administrationchargesanddisbursements`		`3,495.00`	`3,100.00`
`VAT`	`thereon`	`699.00`	`620.00`
		`£10,544.00`	`£10,010.00`

					`INCOME`									`75.00`	`75.00`		`250.00`	`250.00`			`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`		`409.21`	`566.66`	`418.79`	`448.76`				`201.75`	`202.05`	`196.13`	`202.73`	`8,981.38`
					`DATE`									`22.04.24`	`22.10.24`		`22.04.24`	`22.10.24`			`08.03.24`	`04.06.24`	`09.09.24`	`29.11.24`	`15.01.24`	`15.04.24`	`12.07.24`	`41.10.24`	`28.03.24`	`28.06.24`	`30.08.24`	`31.12.24`		`12.01.24`	`12.04.24`	`41.07.24`	`11.10.24`				`25.03.24`	`24.06.24`	`23.09.24`	`19.12.24`
				`MARKETVALUE`	`31.12.2024`									`32,215`			`28,256`						`28,160`		`28,980`				`30,150`									`45,924`			`18,572`				`212,257`
`THECLERGYRESTFUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FOR THEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST/` `PROFIT` `BOOKVALUE`	`01.01.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`			`30,623.00` `(30,260.85)` `(362.15)`			`28,817.00`	`(28,156.73)` `(780.27)`		`31,720.89` `31,720.89`			`29,295.07` `29,295.07`				`24,538.00`	`4205.72`	`28,743.72`	`30,345.00` `30,345.00`					`30,225.00` `30,225.00`					`46,320.00`	`(46,600.00)` `280,00`			`46,212.00` `46,212.00`			`19,279.00` `19,279.00`				`210,247.00` `6,416.10` `-13-` `(842.42)` `215,820.68`
				`NOMINAL`				`£21,000.00`	`(221,000.00)`	`£18,000.00`		`(618,000.00)`		`£40,000.00`			`£100,000.00`				`34,199` `5,801` `40,000`				`3,500`				`25,000`					`4,000`	`(4,000)`			`60,000`			`750`
						`UKFixedInterest`	`UK(Govtof)`	`0.125%I/L22.03.2026`	`Sold09.02.2024`	`UK(Govtof)`	`0.125%VL22.03.2029`	`Sold09.02.2024`	`UK(Govtof)`	`0.375%Snr22/10/30GBP1000bought09.02.2024`		`UK(Govtof)`	`0.5%Snr22/10/2061GBP1000bought09.02.2024`		`InvestmentCompany`	`GCPInfrastructure`	`OrdGBPO.01`	`Bought19.11.2024`		`JUPITERUTMANAGERS`	`JupiterGlobalDymamicBond`			`ROYALLONDON`	`UTMSterlingCreditZ`		`OverseasFixedInterest`		`PimcoGlobalAdvisGblInv`	`GradCredHgdInst!Sett`	`Sold20.11.2024`		`BNYMellonGibFds`	`GlobalBondZ GBPIncHgd bought21.11.2024`	`UKEquities`	`ShellPie`	`EUR0.07`				`Balancecarriedforward`

					`INCOME`	`8,981.38`	`815.08`	`536.91`	`84.10`	`132.00`		`122.50`	`70.00`	`126.93`	`126.93`	`208.22`		`224.35`	`330.61`	`237.06`	`238.81`	`240.24`	`201.47`	`323.58`	`194.25`	`468.00`	`232.80`	`271.70`	`118.30`	`281.00`	`162.00`	`14,601.29`
					`DATE`		`18.04.24`	`26.09.24`	`02.02.24`	`16.08.24`		`08.05.24`	`16.09.24`	`02.02.24`		`49.07.24`		`17.04.24`	`17.10.24`	`22.03.24`	`07.06.24`	`06.09.24`	`06.12.24`	`22.05.24`	`08.11.24`	`25.03.24`	`09.09.24`	`13.06.24`	`05.09.24`	`29.02.24`	`25.07.24`
				`MARKETVALUE`	`31.12.2024`	`212,257`	`18,893`		`26,905`				`19,373`				`22,422`	`17,761`					`25,011`	`17,346`		`31,398`		`23,585`		`26,605`		`441,556`
`THECLERGYRESTFUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FORTHEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST/` `PROFIT` `BOOKVALUE`	`01.07.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`	`210,247.00` `6,416.10` `(842.42)` `215,820.68`	`23,370.00` `23,370.00`		`22,860.00` `22,860.00`		`22,664.00`	`(2,914.84)` `4,389.06`	`21,138.22`	`28,814.00`		`(5,030.99)` `804.74` `(3,327.50)` `510.00`	`21,770.25`	`19,994.00` `19,994.00`		`26,598.00`	`(1,996.36)` `(96,14)`	`(4,886.40)` `701.40`	`20,320.50`	`18,861.00` `18,861.00`		`31,797.00` `31,797.00`		`20,212.00` `20,212.00`		`21,465.00` `21,465.00`		`446,882.00` `(11,739.98)` `2,466.64` `437,608.65` `-14-`
				`NOMINAL`			`400`		`1,000`		`4,000`	`(500)` `3,500`		`300`	`(150)` `(100)`		`650`	`700`		`700`	`(50)`	`(100)`	`550`	`1,750`		`300`		`650`		`1,000`

					`INCOME`	`14,601.29`		`250.00`	`500.00`		`993.14`	`973,73`	`303.27`	`303.27`	`313.14`	`185.51`	`333.01`					`94.48`	`415,06`				`662.40`		`48.08`	`48.08`						`25.05`	`49,698.16`
					`DATE`			`08.03.24`	`19.09.24`		`25.04.24`	`21.06.24`	`27.09.24`		`19.12.24`	`31.05.24`	`29.11.24`					`31.01.24`	`31.07.24`				`14.11.24`		`17.01.24`							`28.06.24`
				`MARKETVALUE`	`31.12.2024`	`441,556`		`20,103`			`31,416`								`25,400`			`27,680`		`34,990`			`59,160`				`79,648`					`61,590`	`778,543`
`THECLERGY` `RESTFUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FORTHEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `cOsT/` `PROFIT` `BOOKVALUE`	`01.04.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`	`446,882.00` `(11,739.98)` `2,466.64` `437,608.65`		`23,206.00` `23,206.00`			`25,418.00` `25,418.00`					`25,300.00`	`(27,400.00)` `2,100.00`		`25,350.00` `25,350.00`			`28,260.00` `28,260.00`		`30,520.00` `30,520.00`			`59,960.00` `59,960.00`		`70,591.00`		`(0.23)` `70,590.77`		`59,233.00`	`(62,145.97)` `2,912.97`		`54,690.00` `54,690.00`	`764,100.00` `(15,976.19)` `7,479.61` `755,603.42` `miss`
				`NOMINAL`				`1,250`			`4,000`					`25,000`	`(25,000)`		`25,000`			`20,000.00`		`10,000.00`			`4,000`		`450`				`14,476`	`(14,476)`		`30,000`
						`Balancebroughtforward`	`SSEPle`	`GBP0.50`		`HSBCHOLDINGSPLC`	`Ordinary$0.50shares`			`AXAInvestmentManFramlington`		`UKMidCapZiG`	`Sold12.12.2024`	`FranklinTmpltnFd`	`FranklinUKMidCapS Disbought17.12.2024`	`EuropeanEquities`	`JHInvestmentFundsSrs`	`EuropeSelectedOppsFund`	`PremierPortfolioOM`	`EuropeanOppsF Acc`	`NorthAmericanEquities`	`BABeutelGoodman`	`BABeutelGoodmanUsValC bought04.10.2024`	`FindlayParkFunds`	`AmericanUSDDis`	`Equalisation11.01.2024`		`PremierMiton`	`USOpportunitiesFund`	`Sold02.10.2024`	`SchroderUnitTrust`	`USSmallerCosZ Inc`	`Balancecarriedforward`

				`INCOME`	`INCOME`	`19,698.16`		`253.35`	`487.13`			`145.00`	`236.30`	`153.42`	`223.50`			`77.53`	`77.53`			`186.05`	`88.09`		`127.38`	`177.90`		`525.00`	`625,00`			`180.00`		`120.00`	`23,351.34`
								`01.02.24`	`01.08.24`			`18.01.24`	`18.04.24`	`18.07.24`	`18.10.24`			`18.11.24`	`18.12.24`			`28.02.24`	`30.08.24`		`09.04.24`	`09.10.24`		`29.02.24`	`30.08.24`			`29.02.24`		`30.08.24`
			`MARKETVALUE` `31.12.2024`			`778,543`		`25,171`		`26,900`									`47,320`			`64,306`			`48,559`			`47,650`						`34,750`	`1,073,199`
`THECLERGYREST FUND`	`SCHEDULEOFSTOCKSANDSHARES`	`EOR THEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST/` `PROFIT` `BOOKVALUE`	`01.01.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`	`(15,976.19)` `7,479.61` `764,100.00` `755,603.42`		`22,903.00` `22,903.00`		`25,210.00` `25,210.00`			`23,250.00`	`(64.09)`	`11,850.00`	`(35,035.91)`		`8,813.02`	`35,035.91` `43,848.93`			`59,248.00` `59,248.00`			`43,121.00` `43,121.00`			`37,275.00` `37,275.00`			`49,575.00`	`(13,996.48)` `1,508.98`	`(4,407.50)` `276.25`	`32,956.25`	`1,024,682.00` `(13,781.24)` `9,264.84` `-16-` `1,020,165.60`
				`NOMINAL`				`10,000`		`2,500`			`10,000`		`5,000`	`(15,000)`		`7,425`	`32,575`	`40,000`		`10,000`			`300`			`25,000`			`15,000`	`(3,750)`	`(1,250)`	`10,000`
						`Balancebroughtforward`	`FarEast& AustralianEquities`	`FedrtdHrmsInvFHAsiaExJpnEq F2GBP`		`FirstSentierInvS\|AsiaPacificLdrsSustB`	`InternationalEquities`	`FILINVSERVICES`	`UKGlobalDividendW` `Inc`	`Equalisation18.07.2024`	`Bought08.03.2024`	`Conversion04.09.2024`	`FidelityInvstFds`	`Fid` `GblDivFdR Mdisbought08.11.2024`	`Fromconversion`		`FUNDSMITHLLP`	`Equity` `\|IncomeNAV`		`LazardGlobal`	`ActiThermaticFocusE GBPDis`		`POLARCAPITAL`	`CapitalGlobalFinancialsTrust`		`POLARCAPITAL`	`Global]HealthOrdinary` `25p`	`Sold08.03.2024`	`Sold09.12.2024`		`Balancecarriedforward`

				`INCOME`	`23,351.34`				`347.60`									`1,424.50`	`1,463.00`	`478.00`	`1,046.00`					`609.88`	`609.88`	`£28,720.32`
				`DATE`					`20.11.24`									`13.06.24`	`19.12.24`	`09.04.24`	`09.10.24`					`31.03.24`
				`MARKETVALUE` `31.12.2024`	`1,073,199`				`17,256`			`53,343`			`41,650`			`42,455`		`38,464`								`£1,266,367`
`THECLERGYREST FUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FOR THEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST!` `PROFIT` `01.01.2024` `(PROCEEDS)` `(LOSS)` `BOOKVALUE` `31.12.2024`	`(13,781.24)` `9,264.84` `1,024,682.00` `1,020,165.60`			`17,102.00`	`(5.01)` `17,096.98`			`52,851.84` `52,851.84`			`39,212.00` `39,212.00`			`47,950.00` `47,950.00`		`37,754.00` `37,754.00`		`39,199.00`		`(38,708.20)` `(489,80)`		`50,784.00`	`(53,056.00)` `2,272.00`	`£1,217,471.00` `(£13,487.61)` `£11,047.04` `£1,215,030.43` `~17-`
			`NOMINAL`					`20,000`				`300.00`			`20,000`			`35,000`		`20,000`		`290`		`(290)`		`40,000`	`(40,000)`
					`Balancebroughtforward`	`InternationalPrope:`	`SchroderUnitTst`	`GlobalRealEstZ Inc`	`Equalisation28.06.2024`	`HedgeFunds`	`AspectUcitsFunds`	`DiversifiedTrendsP Instlbought17.10.2024`	`Structured` `products`	`GemcapInvestment`	`AhfmDefinedReturnsB GBPbought16.01.2024`	`Infrstructure`	`INTPublicPartner`	`Ordinaryshares`	`LAZARDGLOBAL`	`ActiListedinfraEquitDis`	`MultiassetDiversified`	`CGPortfolioFundAbsoluteReturn`	`Sold15.01.2024`		`TrojanInvestmentFunds`	`TrojanX Inc`	`Sold15.10.2024`

`CONTENTS`
	`PAGE`
`REPORTTOTHETRUSTEES`	`1`
`INDEPENDENTEXAMINERSREPORT`	`2`
`GENERALINFORMATION`	`3-4`
`FINANCIALSTATEMENTS`
`NotestotheFinancialStatements`	`5`
`BalanceSheet`	`6`
`StatementofFinancialActivities`	`7`
`CapitalAccount`	`8`
`IncomeAccount`	`9`
`ScheduleofDistributions`	`10-11`
`ScheduleofCreditors`	`42`
`ScheduleofStocksandShares`	`13-17`

	`2024`	`2023`
`Stocksandshares`	`1,266,367,.00`	`1,217,471.00`
`WinckworthSherwoodclientdepositaccount`	`(1,545.88)`	`(2,381.06)`
`Depositsheldforpersonalallocationsasfollows:-`
`TimothyJohnBriden`	`1,090.00`	`1,090.00`
`AidenRichardHargreaves-Smith`	`2,290.00`	`2,290.00`
`SarahFrancesJonesKC`	`1,590.00`	`1,590.00`
`Rathbonescashheld`	`8,581.41`	`12,523.55`
`HMRC- giftAid`	`1,250.00`	`0.00`
`Less:-`
`Creditors- perscheduleonpage12`	`(10,544.00)`	`(10,010.00)`
	`£1,269,078.53`	`£1,222,573.49`
`Thisisrepresentedby:-`
`CAPITALACCOUNT(Page8)`	`1,269,078,.53`	`1,222,573.49`
`INCOMEACCOUNT(Page9)`	`0.00`	`0.00`
	`£1,269,078.53`	`£1,222,573.49`

`IncomeandExpenditure`	`Capital`	`Income`	`TotalFunds`	`2023`
`Incomingresources`
`Investmentincome`	`0.00`	`28,720,32`	`28,720.32`	`24,626.43`
`Donations`	`0.00`	`5,000.00`	`5,000.00`	`0.00`
`HMRCGiftAid`	`0.00`	`1,250.00`	`1,250.00`	`0.00`
`Transfer`	`35,373.69`	`(35,373.69)`	`0,00`	`0.00`
`Grossinterest`	`0.00`	`403.37`	`403,37`	`312.82`
`Totalincomingresources`	`35,373.69`	`(0,00)`	`35,373.69`	`24,939.25`
`Resourcesused`
`Directcharitableexpenditure`
`Distributionsmade(Scheduleon`
`page10)`	`23,850.00`	`0.00`	`23,850.00`	`22,550.00`
`Otherexpenditure`	`0.00`	`0.00`	`0,00`	`0.00`
`Administrationcosts`	`27,402.26`	`0.00`	`27,402.26`	`26,371.62`
`Totalresourcesused`	`51,252.26`	`0.00`	`51,252.26`	`48,921.62`
`Netincoming/(outgoing)resources`
`fortheyear`	`(15,878.57)`	`(0.00)`	`(15,878.57)`	`(23,982.37)`
`Otherrecognisedgainsandlosses`
`Gainsandlossesoninvestments:-`
`Realised`	`11,047.04`	`0,00`	`11,047.04`	`10,551.83`
`Unrealised`	`51,336.57`	`0.00`	`51,336.57`	`65,166.18`
`Netmovementinfunds`	`46,505.04`	`(0.00)`	`46,505.04`	`51,735.64`
`Balancesbroughtforwardat`
`{stJanuary2024`	`1,222,573.49`	`0.00`	`1,222,573.49`	`1,170,837.85`
`Balancescarriedforwardat`
`31stDecember2024`	`£1,269,078.53`	`(£0.00)`	`£1,269,078.53`	`£1,222,573.49`

	`2024`	`2023`
`Balancebroughtforwardat1stJanuary2024`	`222,573.49`	`1,170,837.85`
`Add:-`
`Revaluationofstocksandshares`	`51,336.57`	`65,166.18`
`Transferfromincome`	`35,373.69`	`24,939.25`
`Profitonsaleofstockandshares(Page17)`	`11,047.04`	`10,551.83`
	`1,320,330.79`	`1,271,495.11`
`Less:-`
`Distributions(Page10)`	`23,850.00`	`22,550.00`
`WinckworthSherwood- Legal,accountancy,taxationand`
`administrationchargesanddisbursements`	`11,995.00`	`11,750.00`
`VATthereon`	`2,399.00`	`2,350.00`
`Bankandphotocopyingcharges`	`118.20`	`74.28`
`Newton& Garnerauditfees`	`1,150.00`	`1,100.00`
`VATthereon`	`230.00`	`220.00`
`Rathbones`
`Investmentmanagementcharges`	`11,510.06`	`10,877.34`
`Balancecarriedforwardat31stDecember2024`	`£1,269,078.53`	`£1,222,573.49`

	`2024`	`2023`
`Balancebroughtforwardat1stJanuary2024`	`0.00`	`0.00`
`Dividendsandinterest(Page17)`	`28,720.32`	`24,626.43`
`DonationfromDrSheilaCameron`	`5,000.00`	`0.00`
`Giftaiddueondonation`	`1,250.00`	`0.00`
`WinckworthSherwood- grossinterest`	`43.38`	`0.00`
`Rathbones- grossinterest`	`359,99`	`312.82`
	`35,373.69`	`24,939.25`
`Less:-`
`Transfertocapital`	`35,373.69`	`24,939.25`
`Balancecarriedforwardasat31stDecember2024`	`£0.00`	`£0.00`

	`Total`
`ArchbishopofYork`	`1,500.00`
`BishopofBath& Wells`	`1,500.00`
`BishopofBirmingham`	`1,500.00`
`BishopofBlackburn`	`1,500.00`
`BishopofBristol`	`1,500.00`
`BishopofChelmsford`	`1,500.00`
`BishopofChester`	`1,500.00`
`BishopofCoventry`	`1,500.00`
`BishopofDerby`	`1,500.00`
`BishopofDover(Canterbury)`	`1,500.00`
`BishopofDurham`	`1,500.00`
`BishopofExeter`	`1,500.00`
`BishopofGibraltarinEurope`	`1,500.00`
`BishopofLeicester`	`1,500.00`
`BishopofLichfield`	`1,500.00`
`Revd.P T Fitzpatrick`	`400.00`
`Revd.RJ Norman`	`250.00`
`RevdD M Lloyd`	`700.00`
`Totaldistributed`	`£23,850.00`

	`SF`	`AR`	`TJ`
	`Jones`	`Hargreaves-Smith`	`Briden`	`Total`
`Balancebroughtforward`	`1,590.00`	`2,290.00`	`1,090.00`	`4,970.00`
`Addallocation`	`0.00`	`0.00`	`0,00`	`0.00`
	`1,590.00`	`2,290.00`	`1,090.00`	`4,970.00`
`Lessdistributions`
`Balancecarriedforward`	`£1,590,.00`	`£2,290.00`	`£1,090,00`	`£4,970.00`

		`2024`	`2023`
`Funds`	`available` `fordistribution:-`
`ARHS- seepage11`		`2,290.00`	`2,290.00`
`TJB`	`-seepage11`	`1,090.00`	`1,090.00`
`SFJ`	`-seepage11`	`1,590.00`	`1,590.00`
`Newton& Garnerauditfees`		`1,150.00`	`1,100.00`
`VAT`	`thereon`	`230.00`	`220.00`
`Legal,accountancy,taxationand`
`administrationchargesanddisbursements`		`3,495.00`	`3,100.00`
`VAT`	`thereon`	`699.00`	`620.00`
		`£10,544.00`	`£10,010.00`

					`INCOME`									`75.00`	`75.00`		`250.00`	`250.00`			`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`	`598.48` `598.48` `508.48` `598.48` `370.85` `427.00` `405.30` `403.90` `412.85` `411.10` `417.83` `442.75`		`409.21`	`566.66`	`418.79`	`448.76`				`201.75`	`202.05`	`196.13`	`202.73`	`8,981.38`
					`DATE`									`22.04.24`	`22.10.24`		`22.04.24`	`22.10.24`			`08.03.24`	`04.06.24`	`09.09.24`	`29.11.24`	`15.01.24`	`15.04.24`	`12.07.24`	`41.10.24`	`28.03.24`	`28.06.24`	`30.08.24`	`31.12.24`		`12.01.24`	`12.04.24`	`41.07.24`	`11.10.24`				`25.03.24`	`24.06.24`	`23.09.24`	`19.12.24`
				`MARKETVALUE`	`31.12.2024`									`32,215`			`28,256`						`28,160`		`28,980`				`30,150`									`45,924`			`18,572`				`212,257`
`THECLERGYRESTFUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FOR THEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST/` `PROFIT` `BOOKVALUE`	`01.01.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`			`30,623.00` `(30,260.85)` `(362.15)`			`28,817.00`	`(28,156.73)` `(780.27)`		`31,720.89` `31,720.89`			`29,295.07` `29,295.07`				`24,538.00`	`4205.72`	`28,743.72`	`30,345.00` `30,345.00`					`30,225.00` `30,225.00`					`46,320.00`	`(46,600.00)` `280,00`			`46,212.00` `46,212.00`			`19,279.00` `19,279.00`				`210,247.00` `6,416.10` `-13-` `(842.42)` `215,820.68`
				`NOMINAL`				`£21,000.00`	`(221,000.00)`	`£18,000.00`		`(618,000.00)`		`£40,000.00`			`£100,000.00`				`34,199` `5,801` `40,000`				`3,500`				`25,000`					`4,000`	`(4,000)`			`60,000`			`750`
						`UKFixedInterest`	`UK(Govtof)`	`0.125%I/L22.03.2026`	`Sold09.02.2024`	`UK(Govtof)`	`0.125%VL22.03.2029`	`Sold09.02.2024`	`UK(Govtof)`	`0.375%Snr22/10/30GBP1000bought09.02.2024`		`UK(Govtof)`	`0.5%Snr22/10/2061GBP1000bought09.02.2024`		`InvestmentCompany`	`GCPInfrastructure`	`OrdGBPO.01`	`Bought19.11.2024`		`JUPITERUTMANAGERS`	`JupiterGlobalDymamicBond`			`ROYALLONDON`	`UTMSterlingCreditZ`		`OverseasFixedInterest`		`PimcoGlobalAdvisGblInv`	`GradCredHgdInst!Sett`	`Sold20.11.2024`		`BNYMellonGibFds`	`GlobalBondZ GBPIncHgd bought21.11.2024`	`UKEquities`	`ShellPie`	`EUR0.07`				`Balancecarriedforward`

					`INCOME`	`8,981.38`	`815.08`	`536.91`	`84.10`	`132.00`		`122.50`	`70.00`	`126.93`	`126.93`	`208.22`		`224.35`	`330.61`	`237.06`	`238.81`	`240.24`	`201.47`	`323.58`	`194.25`	`468.00`	`232.80`	`271.70`	`118.30`	`281.00`	`162.00`	`14,601.29`
					`DATE`		`18.04.24`	`26.09.24`	`02.02.24`	`16.08.24`		`08.05.24`	`16.09.24`	`02.02.24`		`49.07.24`		`17.04.24`	`17.10.24`	`22.03.24`	`07.06.24`	`06.09.24`	`06.12.24`	`22.05.24`	`08.11.24`	`25.03.24`	`09.09.24`	`13.06.24`	`05.09.24`	`29.02.24`	`25.07.24`
				`MARKETVALUE`	`31.12.2024`	`212,257`	`18,893`		`26,905`				`19,373`				`22,422`	`17,761`					`25,011`	`17,346`		`31,398`		`23,585`		`26,605`		`441,556`
`THECLERGYRESTFUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FORTHEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST/` `PROFIT` `BOOKVALUE`	`01.07.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`	`210,247.00` `6,416.10` `(842.42)` `215,820.68`	`23,370.00` `23,370.00`		`22,860.00` `22,860.00`		`22,664.00`	`(2,914.84)` `4,389.06`	`21,138.22`	`28,814.00`		`(5,030.99)` `804.74` `(3,327.50)` `510.00`	`21,770.25`	`19,994.00` `19,994.00`		`26,598.00`	`(1,996.36)` `(96,14)`	`(4,886.40)` `701.40`	`20,320.50`	`18,861.00` `18,861.00`		`31,797.00` `31,797.00`		`20,212.00` `20,212.00`		`21,465.00` `21,465.00`		`446,882.00` `(11,739.98)` `2,466.64` `437,608.65` `-14-`
				`NOMINAL`			`400`		`1,000`		`4,000`	`(500)` `3,500`		`300`	`(150)` `(100)`		`650`	`700`		`700`	`(50)`	`(100)`	`550`	`1,750`		`300`		`650`		`1,000`

					`INCOME`	`14,601.29`		`250.00`	`500.00`		`993.14`	`973,73`	`303.27`	`303.27`	`313.14`	`185.51`	`333.01`					`94.48`	`415,06`				`662.40`		`48.08`	`48.08`						`25.05`	`49,698.16`
					`DATE`			`08.03.24`	`19.09.24`		`25.04.24`	`21.06.24`	`27.09.24`		`19.12.24`	`31.05.24`	`29.11.24`					`31.01.24`	`31.07.24`				`14.11.24`		`17.01.24`							`28.06.24`
				`MARKETVALUE`	`31.12.2024`	`441,556`		`20,103`			`31,416`								`25,400`			`27,680`		`34,990`			`59,160`				`79,648`					`61,590`	`778,543`
`THECLERGY` `RESTFUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FORTHEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `cOsT/` `PROFIT` `BOOKVALUE`	`01.04.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`	`446,882.00` `(11,739.98)` `2,466.64` `437,608.65`		`23,206.00` `23,206.00`			`25,418.00` `25,418.00`					`25,300.00`	`(27,400.00)` `2,100.00`		`25,350.00` `25,350.00`			`28,260.00` `28,260.00`		`30,520.00` `30,520.00`			`59,960.00` `59,960.00`		`70,591.00`		`(0.23)` `70,590.77`		`59,233.00`	`(62,145.97)` `2,912.97`		`54,690.00` `54,690.00`	`764,100.00` `(15,976.19)` `7,479.61` `755,603.42` `miss`
				`NOMINAL`				`1,250`			`4,000`					`25,000`	`(25,000)`		`25,000`			`20,000.00`		`10,000.00`			`4,000`		`450`				`14,476`	`(14,476)`		`30,000`
						`Balancebroughtforward`	`SSEPle`	`GBP0.50`		`HSBCHOLDINGSPLC`	`Ordinary$0.50shares`			`AXAInvestmentManFramlington`		`UKMidCapZiG`	`Sold12.12.2024`	`FranklinTmpltnFd`	`FranklinUKMidCapS Disbought17.12.2024`	`EuropeanEquities`	`JHInvestmentFundsSrs`	`EuropeSelectedOppsFund`	`PremierPortfolioOM`	`EuropeanOppsF Acc`	`NorthAmericanEquities`	`BABeutelGoodman`	`BABeutelGoodmanUsValC bought04.10.2024`	`FindlayParkFunds`	`AmericanUSDDis`	`Equalisation11.01.2024`		`PremierMiton`	`USOpportunitiesFund`	`Sold02.10.2024`	`SchroderUnitTrust`	`USSmallerCosZ Inc`	`Balancecarriedforward`

				`INCOME`	`INCOME`	`19,698.16`		`253.35`	`487.13`			`145.00`	`236.30`	`153.42`	`223.50`			`77.53`	`77.53`			`186.05`	`88.09`		`127.38`	`177.90`		`525.00`	`625,00`			`180.00`		`120.00`	`23,351.34`
								`01.02.24`	`01.08.24`			`18.01.24`	`18.04.24`	`18.07.24`	`18.10.24`			`18.11.24`	`18.12.24`			`28.02.24`	`30.08.24`		`09.04.24`	`09.10.24`		`29.02.24`	`30.08.24`			`29.02.24`		`30.08.24`
			`MARKETVALUE` `31.12.2024`			`778,543`		`25,171`		`26,900`									`47,320`			`64,306`			`48,559`			`47,650`						`34,750`	`1,073,199`
`THECLERGYREST FUND`	`SCHEDULEOFSTOCKSANDSHARES`	`EOR THEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST/` `PROFIT` `BOOKVALUE`	`01.01.2024` `(PROCEEDS)` `(LOSS)` `31.12.2024`	`(15,976.19)` `7,479.61` `764,100.00` `755,603.42`		`22,903.00` `22,903.00`		`25,210.00` `25,210.00`			`23,250.00`	`(64.09)`	`11,850.00`	`(35,035.91)`		`8,813.02`	`35,035.91` `43,848.93`			`59,248.00` `59,248.00`			`43,121.00` `43,121.00`			`37,275.00` `37,275.00`			`49,575.00`	`(13,996.48)` `1,508.98`	`(4,407.50)` `276.25`	`32,956.25`	`1,024,682.00` `(13,781.24)` `9,264.84` `-16-` `1,020,165.60`
				`NOMINAL`				`10,000`		`2,500`			`10,000`		`5,000`	`(15,000)`		`7,425`	`32,575`	`40,000`		`10,000`			`300`			`25,000`			`15,000`	`(3,750)`	`(1,250)`	`10,000`
						`Balancebroughtforward`	`FarEast& AustralianEquities`	`FedrtdHrmsInvFHAsiaExJpnEq F2GBP`		`FirstSentierInvS\|AsiaPacificLdrsSustB`	`InternationalEquities`	`FILINVSERVICES`	`UKGlobalDividendW` `Inc`	`Equalisation18.07.2024`	`Bought08.03.2024`	`Conversion04.09.2024`	`FidelityInvstFds`	`Fid` `GblDivFdR Mdisbought08.11.2024`	`Fromconversion`		`FUNDSMITHLLP`	`Equity` `\|IncomeNAV`		`LazardGlobal`	`ActiThermaticFocusE GBPDis`		`POLARCAPITAL`	`CapitalGlobalFinancialsTrust`		`POLARCAPITAL`	`Global]HealthOrdinary` `25p`	`Sold08.03.2024`	`Sold09.12.2024`		`Balancecarriedforward`

				`INCOME`	`23,351.34`				`347.60`									`1,424.50`	`1,463.00`	`478.00`	`1,046.00`					`609.88`	`609.88`	`£28,720.32`
				`DATE`					`20.11.24`									`13.06.24`	`19.12.24`	`09.04.24`	`09.10.24`					`31.03.24`
				`MARKETVALUE` `31.12.2024`	`1,073,199`				`17,256`			`53,343`			`41,650`			`42,455`		`38,464`								`£1,266,367`
`THECLERGYREST FUND`	`SCHEDULEOFSTOCKSANDSHARES`	`FOR THEPERIOD1STJANUARY2024TO31STDECEMBER2024`	`TRANSACTIONS`	`MARKETVALUE` `COST!` `PROFIT` `01.01.2024` `(PROCEEDS)` `(LOSS)` `BOOKVALUE` `31.12.2024`	`(13,781.24)` `9,264.84` `1,024,682.00` `1,020,165.60`			`17,102.00`	`(5.01)` `17,096.98`			`52,851.84` `52,851.84`			`39,212.00` `39,212.00`			`47,950.00` `47,950.00`		`37,754.00` `37,754.00`		`39,199.00`		`(38,708.20)` `(489,80)`		`50,784.00`	`(53,056.00)` `2,272.00`	`£1,217,471.00` `(£13,487.61)` `£11,047.04` `£1,215,030.43` `~17-`
			`NOMINAL`					`20,000`				`300.00`			`20,000`			`35,000`		`20,000`		`290`		`(290)`		`40,000`	`(40,000)`
					`Balancebroughtforward`	`InternationalPrope:`	`SchroderUnitTst`	`GlobalRealEstZ Inc`	`Equalisation28.06.2024`	`HedgeFunds`	`AspectUcitsFunds`	`DiversifiedTrendsP Instlbought17.10.2024`	`Structured` `products`	`GemcapInvestment`	`AhfmDefinedReturnsB GBPbought16.01.2024`	`Infrstructure`	`INTPublicPartner`	`Ordinaryshares`	`LAZARDGLOBAL`	`ActiListedinfraEquitDis`	`MultiassetDiversified`	`CGPortfolioFundAbsoluteReturn`	`Sold15.01.2024`		`TrojanInvestmentFunds`	`TrojanX Inc`	`Sold15.10.2024`