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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`|`12`|
|`ScheduleofStocksandShares`|`13-17`|





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# 30 January 



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||`2025`|`2024`|
|---|---|---|
|`Stocksandshares`|`1,336,031.00`|`1,266,367.00`|
|`WinckworthSherwoodclientdepositaccount`|`(4,114.07)`|`(1,545.88)`|
|`Depositsheldforpersonalallocationsasfollows:-`|||
|`TimothyJohnBriden`|`1,090.00`|`1,090.00`|
|`AidenRichardHargreaves-Smith`|`2,290.00`|`2,290.00`|
|`SarahFrancesJonesKC`|`1,590.00`|`1,590.00`|
|`Rathbonescashheld`|`15,091.28`|`8,581.41`|
|`HMRC- `<br>`giftAid`|`1,250.00`|`1,250.00`|
|`Less:-`|||
|`Creditors- perscheduleonpage12`|`(10,310.00)`|`(10,544.00)`|
||<br>`£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|
|`Thisisrepresentedby:-`|||
|`CAPITALACCOUNT(Page8)`|`1,342,918.21`|`1,269,078.53`|
|`INCOMEACCOUNT(Page9)`|`0.00`|`0.00`|
||<br>`£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|






## 

## 

|`IncomeandExpenditure`<br>|`Capital`|`Income`|`TotalFunds`|`2024`|
|---|---|---|---|---|
|`Incomingresources`<br>|||||
|`Invesimentincome`<br>|`0.00`|`26,818.46`|`26,818.46`|`28,720.32`|
|`Donations`|`0.00`|`100.00`|`100.00`|`5,000.00`|
|`HMRCGiftAid`|`0.00`|`0.00`|`0.00`|`1,250.00`|
|`Transfer`|`27,160.46`|`(27,160.46)`|`0.00`|`0.00`|
|`Grossinterest`|`0.00`|`242.00`|`242.00`|`403.37`|
|`Totalincomingresources`|<br> <br>`27,160.46`|<br> <br>`(0.00)`|<br> <br>`27,160.46`|<br> <br>`35,373.69`|
|`Resourcesused`|||||
|`Directcharitableexpenditure`<br>|||||
|`Distributionsmade(Scheduleon`<br>|||||
|`page10)`|`21,883.83`|`0.00`|`21,883.83`|`23,850.00`|
|`Otherexpenditure`|`0.00`|`0.00`|`0.00`|`0.00`|
|`Administrationcosts`|`25,174.87`|`0.00`|`25,174.87`|`27,402.26`|
|`Totalresourcesused`|<br>`47,058.70`|<br>`0.00`|<br>`47,058.70`|<br>`51,252.26`|
|`Netincoming/(outgoing)resources`<br>|||||
|`fortheyear`<br>|`(19,898.24)`|`(0.00)`|`(19,898.24)`|`(15,878.57)`|
|`Otherrecognisedgainsandlosses`<br>|||||
|<br>`Gainsandtossesoninvestments:-`|||||
|`Realised`|`12,985.62`|`0.00`|`12,985.62`|`41,047.04`|
|`Unrealised`|`80,752.30`|`0.00`|`80,752.30`|`51,336.57`|
|`Netmovementinfunds`|<br>`73,839.68`|<br>`(0.00)`|<br>`73,839.68`|<br>`46,505.04`|
|`Balancesbroughtforwardat`|||||
|`istJanuary2025`|`4,269,078.53`|`0.00`|`4,269,078.53`|`1,222,573.49`|
|`Balancescarriedforwardat`|||||
|`31stDecember2025`|<br>`£1,342,918.21`<br>|<br>`(£0.00)`<br>|<br>`=£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|





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||`2025`|`2024`|
|---|---|---|
|`BalancebroughtforwardatistJanuary2025`|`1,269,078.53`|`1,222,573.49`|
|`Add:-`|||
|`Revaluationofstocksandshares`|`80,752.30`|`51,336.57`|
|`Transferfromincome`|`27,160.46`|`35,373.69`|
|`Profitonsaleofstockandshares(Page17)`|`12,985.62`|`11,047.04`|
||<br>`1,389,976.91`|<br>`1,320,330.79`|
|`Less:-`|||
|`Distributions(Page710)`|`21,883.83`|`23,850.00`|
|`WinckworthSherwood- Legal,accountancy,taxationand`|||
|`administrationchargesanddisbursements`|`11,750.00`|`11,995.00`|
|`VATthereon`|`2,350.00`|`2,399.00`|
|`Bankandphotocopyingcharges`|`102.40`|`118.20`|
|`Newton& Garnerauditfees`|`1,200.00`|`71,150.00`|
|`VATthereon`|`240.00`|`230.00`|
|`Rathbones`|||
|`Investmentmanagementcharges`|`9,532.47`|`11,510.06`|
|`Balancecarriedforwardat31stDecember2025`|<br>`£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|





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||`2025`|`2024`|
|---|---|---|
|`BalancebroughtforwardatistJanuary2025`|`0.00`|`0.00`|
|`Dividendsandinterest(Page17)`|`26,867.82`|`28,720.32`|
|`DonationfromDrSheilaCameron`|`0.00`|`5,000.00`|
|`Giftaiddueondonation`|`0.00`|`1,250.00`|
|`DonationfromMrG P andMrsK E Handley`|`400.00`|`0.00`|
|`WinckworthSherwood- grossinterest`|`92.04`|`43.38`|
|`Rathbones- grossinterest`|`149.96`|`359.99`|
||<br>`27,209.82`|<br>`35,373.69`|
|`Less:-`|||
|`Dividendaccumulated`|`49.36`|`0.00`|
|`Transfertocapital`|`27,160.46`|`35,373.69`|
|`Balancecarriedforwardasat31stDecember2025`|<br>`£0.00`<br>|<br>`£0.00`<br>|





## 

||`Total`|
|---|---|
|`BishopofManchester`|`1,500.00`|
|`BishopofNewcastle`|`4,500.00`|
|`BishopofOxford`|`1,500.00`|
|`BishopofPeterborough`|`1,500.00`|
|`BishopofPortsmouth`|`1,500.00`|
|`BishopofRochester`|`1,500.00`|
|`BishopofSt.Edmundsbury& Ipswich`|`1,500.00`|
|`BishopofSheffield`|`1,500.00`|
|`BishopofSouthwark`|`1,500.00`|
|`BishopofSouthwellandNottingham`|`1,500.00`|
|`BishopofTruro`|`1,500.00`|
|`Revd.JonathanFrith`|`4,000.00`|
|`RevdAugustineNwaekwe`|`533.83`|
|`Revd.JulieKnhovacs`|`800.00`|
|`Revd.C CClayton`|`1,550.00`|
|`RevdMarkHudghton`|`1,500.00`|
|`Totaldistributed`|`£21,883.83`|





## 

## 

||`SF`|`AR`|`TJ`||
|---|---|---|---|---|
||<br>`Jones`|<br>`Harqreaves-Smith`|<br> <br>`Briden`|<br> <br>`Total`|
|`Balancebroughtforward`|`4,590.00`|`2,290.00`|`1,090.00`|`4,970.00`|
|`Addallocation`|`0.00`|`0.00`|`0.00`|`0.00`|
||<br>`1,590.00`|<br>`2,290.00`|<br>`1,090.00`|<br>`4,970.00`|
|`Lessdistributions`|||||
|`Balancecarriedforward`|<br>`£1,590.00`<br>|<br>`£2,290.00`<br>|<br>`£1,090.00`<br>|<br>`£4,970.00`<br>|





## 

## 

||`2025`|`2024`|
|---|---|---|
|<br>`Fundsavailablefordistribution:-`|||
|`ARHS- seepage11`|`2,290.00`|`2,290.00`|
|`TJB- seepage11`|`1,090.00`|`1,090.00`|
|`SFJ- seepage11`|`4,590.00`|`1,590.00`|
|`Newton& Garnerauditfees`|`1,200.00`|`1,150.00`|
|`VATthereon`|`240.00`|`230.00`|
|`Legal,accountancy,taxationand`|||
|`administrationchargesanddisbursements`|`3,250.00`|`3,495.00`|
|`VATthereon`|`650.00`|`699.00`|
||<br>`£10,310.00`<br>|<br>`£10,544.00`<br>|





|||||||||`INCOME`||||||`75.00`|`75.00`|||`425.00`|||`87.50`||||`250.00`||||||||`310.18`|`683.05`||`426.10`|`409.65`|`428.10`|||`438.90`|`395.50`|`414.75`|`434.70`||`291,20`|`126.75`|<br>`§,271.38`|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||`DATE`||||||`22.04.25`|`22.10.25`|||`08.12.25`|||`31.07.25`||||`22.04.25`||||||||`11.02.25`|`42.08.25`||`31.03.25`|`41.07.25`|`30.09.25`|||`15.01.25`|`15.04.25`|`48.07.25`|`15.10.25`||`19.06.25`|`11.09.25`||
||||||||`MARKETVALUE`<br>|`31.12.2025`||||||`34,001`||||`20,245`|||||`39,288`||||||||||`47A424`||||`31,200`||||`29,505`|||||`49,630`||<br>`221,293`|
|`THECLERGYRESTFUND`||||`SCHEDULEOFSTOCKSANDSHARES`|`FORTHEPERIOD18STJANUARY2025TO31STDECEMBER2025`|`TRANSACTIONS`|`NOMINAL`<br>`MARKETVALUE`<br>`cost!`<br>`PROFIT`<br>`BOOKVALUE`<br>|`04.01.2025`<br>`(PROCEEDS)`<br>`(LOSS)`<br>`31.12.2025`<br>||||||`£40,000.00`<br>`32,215.00`<br>`32,215.00`||||`£20,000.00`<br>`20,154.44`<br>`20,154.44`|||`£20,000.00`<br>`15,105.32`|`£30,000.00`<br>`22,848.47`|`£50,000.00`<br>`37,953.79`||`£100,000.00`<br>`28,256.00`|`(£400,000.00)`<br>`(24,558.66)`<br>`(3,697.34)`||||||`60,000`<br>`45,924.00`|`(504.00)`<br>`45,420.00`||||`25,000`<br>`30,150.00`<br>`30,150.00`||||`3,500`<br>`28,980.00`<br>`28,980.00`|||||`650`<br>`23,585.00`<br>`23,585.00`||<br>`189,110.00`<br>`33,045.57`<br>`(3,697.34)`<br>`218,458.23`<br>`-413-`|
||||||||||`UKConventionalGovernmentBonds`<br>||||`UK(Govtof)`|`0.375%Snr22/10/30GBP100`||`UK(Govtof)`|`41/4%Stock7/06/2032`|`Bought28.08.2025`|`UK(Govtof}`|`0.875%Snr31/07/33GBP100`|`Bought10.02.2025`|`Bought28.08.2025`||`UK(Govtof}`|`0.5%Snr22/10/2064GBP100`|`Sold28.08.2025`|`OverseasConventionalGovernmentBonds`<br>||||`BNYMellonGibFds`|`GlobalBondZ GBPIncHgd`|`Equalisation11.02.2025`||`UKInvestmentGradeBonds`|`ROYALLONDON`<br>|`UTMSterlingCreditZ `||`OverseasInvestmentGradeBonds`|`JUPITERUTMANAGERS`|`JupiterGlobalDymamicBond`|||`UKEquities`|`RelxPle`|`GBP0.1444`||`Balancedcarriedforward`|





||||||`INCOME`|`§,271.38`||`420.00`|`191.75`|||`819.59`|`221.00`|`220.69`|`168.93`||`314.20`<br>`133.60`||`220.36`|`335.37`||||`207.63`|`213.79`<br>`215.38`|`216.04`||`90.00`<br>`112.96`||`102.57`|`204.95`||`703.95`|`434.32`|<br>`10,818.46`|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||`DATE`|||`24.03.25`|`10.09.25`|||`25.04.25`|`01.07.25`|`26.09.25`|`18.12.25`||`27.02.25`<br>`31.07.25`||`24.04.25`|`04.12.25`||||`28.03.25`|`16.06.25`<br>`42.09.25`|`05.12.25`||`04.02.25`<br>`45.08.25`||`07.02.25`|`18.07.25`||`17.04.25`|`25.09.25`||
|||||`MARKETVALUE`<br>|`31.12.2025`|`221,293`||||`34,475`|||||`26,414`||`18,912`||`41,225`|||`4,295`|||`23,714`|||`21,228`||`21,860`|||`23,976`||<br>`404,389`|
|`THECLERGYRESTFUND`|`SCHEDULEOFSTOCKSANDSHARES`|`FORTHEPERIOD18STJANUARY2025TO31STDECEMBER2025`<br>|`TRANSACTIONS`|`NOMINAL`<br>`MARKETVALUE`<br>`cosT/`<br>`PROFIT`<br>`BOOKVALUE`<br>|`01.01.2025`<br>`489,110.00`<br>`(PROCEEDS)`<br>`33,045.57`<br>`(LOSS)`<br>`(3,697.34)`<br>`31.12.2025`<br>`218,458.23`|||`300`<br>`(50)`<br>`31,398.00`<br>`(5,803.30)`<br>`570.30`||`250`<br>`26,165.00`|`4,000`<br>`(1,000)`<br>`750`<br>`2,250`<br>`31,416.00`<br>`(8,488.80)`<br>`(7,163.85)`<br>`634.80`<br>`1,273.35`<br>`17,671.50`|||||`1,000`<br>`200`<br>`800`<br>`26,605.00`<br>`(5,529.96)`<br>`208.96`<br>`21,284.00`||`700`<br>`17,761.00`<br>`17,761.00`|||`110`<br>`522.00`<br>`522.00`||`550`<br>`(62)`<br>`488`<br>`25,011.00`<br>`(522.00)`<br>`(43.28)`<br>`24,445.72`||||`1,000`<br>`(200)`<br>`200`<br>`600`<br>`26,905.00`<br>`(5,709.01)`<br>`(6,574.40)`<br>`328.01`<br>`4,193.40`<br>`16,143.00`|||`650`<br>`22,422.00`<br>`22,422.00`|||`400`<br>`18,893.00`<br>`18,893.00`||<br>`389,521.00`<br>`(6,267.03)`<br>`~14-`<br>`511.48`<br>`383,765.45`|
|||||||`Balancedbroughtforward`|`ASTRAZENECAPLC`|`Ordinaryshares`|`Sold07.02.2025`||`HSBCHOLDINGSPLC`|`Ordinary$0.50shares`|`Sold07.02.2025`|`Sold29.08.2025`||`CompassGroupPLC`|`Ordinaryshares`<br>`Sold07.202.2025`|`DIAGEOPLC`|`Ordinary0.28101/108pshares`||`MagnumIceCreamCO`|`NPVshares- fromUnileverdemerger`|`UNILEVERPLC`|`Ordinaryshares`<br>`Demerger- Magnum`<br>`Fractionalpayment29.12.2025`|||`Halma`|`OrdinaryShares`<br>`Sold07.02.2025`<br>`Sold29.08.2025`|`ExperianPLC`|`Ordinaryshares`||`RioTinto`|`OrdGBPO.10`||`Balancedcarriedforward`|





|||||||`INCOME`|`10,818.46`||`208.43`|`198.08`|`199.65`|`201.38`||`265.00`|`§37.50`||`198.76`|`537.81`||`140.00`|`140.00`|`84.00`||`305.90`|||||`4,123.44`|||||`9.21`||||<br>`14,827`<br>`62`||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||`DATE`|||`24.03.25`|`23.06.25`|`22.09.25`|`18.12.25`||`28.02.25`|`48,09.25`||`05.06.25`|`04.12.25`|||`13.05.25`|`15.09.25`||`28.05.25`|||||`44.11.25`|||||`04.07.25`||||||
|||||`MARKETVALUE`||`31.12.2025`|`404,389`||`20,550`|||||`27,238`|||`25,975`|||||||||||||`86,040`||`79,251`||`61,020`|||`36,921`|<br>`741,384`||
|`THECLERGYRESTFUND`<br>|`SCHEDULEOFSTOCKSANDSHARES`<br>|`FORTHEPERIOD1STJANUARY2025TO31STDECEMBER2025`|`TRANSACTIONS`||`NOMINAL`<br>`MARKETVALUE`<br>`cosT/`<br>`PROFIT`<br>`BOOKVALUE`|`04.01.2025`<br> <br>`PROCEEDS`<br>`(LOS$s)`<br>`31.12.2025`|`389,521.00`<br>`(6,267.03)`<br>`511.48`<br>`383,765.45`||`750`<br>`18,572.00`<br>`18,572.00`|||||`4,250`<br>`20,103.00`<br>`20,103.00`|||`25,000`<br>`25,400.00`<br>`25,400.00`||||`3,500`<br>`19,373.00`|`(3,500)`<br>`(20,738.94)`<br>`1,365.94`||`1,750`<br>`17,346.00`|`(1,750)`<br>`(23,701.31)`<br>`6,355.31`||`4,000`<br>`59,160.00`||`2,000`<br>`27900.00`|`6,000`<br>`87,060.00`||`450`<br>`79,648.00`<br>`79,648.00`||`30,000`<br>`61,590.00`<br>`61,590.00`|||`30,000`<br>`33,498.00`<br>`33,498.00`|<br>`690,713.00`<br>`10,690.72`<br>`8,232.73`<br>`709,636.45`|`-15- `|
||||||||`Balancedbroughtforward`|`ShellPic`<br>`EUR0.07`|||||`SSEPle`|`GBP0.50`||`FranklinTmpitnFd`|`FranklinUKMidCapS Dis`||`MelroseIndustria!Pic`||`OrdGBP0.06857143`|`Sold29.08.2025`|`Smith& Nephew`|`OrdUSD`|`Sold14.08.2025`|`NorthAmericanInvestments`|`BrownAdvisoryFund`|`BGUSvalueFund`|`Bought15.08.2025`||`Findlay ParkFunds`|`AmericanUSDDis`|`SchroderUnitTrust`|`USSmallerCosZ Inc`|`EuropeanInvestments`<br>|`LIONTRUSTFUNDPARTNERS`<br>|`EuropeanDynamicought02.09.2025`|`Balancedcarriedforward`||





|||||||||||||||`INCOME`|`14,827.62`|||||`60.64`|`481.44`||`114.32`|`353.87`|`49.36`|||`95.20`|`95.20`|`95.20`|`272.04`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`||`117.57`|`98.24`||||`516.00`|`1,293.06`<br>|<br>`19,276.16`|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||`DATE`||||||`31.01.25`|`04.08.25`||`04.02.25`|`04.08.25`|`01.02.25`|||`17.01.25`|`18.02.25`|`18.03.25`|`17.04.25`|`16.05.25`|`19.06.25`|`21.07.25`|`20.08.25`|`48.09.25`|`18.10.25`|`48.11.25`|`18.12.25`||`28.02.25`|`04.09.25`||||`09.04.25`|`09.40.25`<br>||
|||||||||||||||`MARKETVALUE`<br>`31.12.2025`<br>|`741,384`<br>|||`32,230`|||||`31,422`||`27,593`|||`53,040`|||||||||||||`64,660`|||`45,526`||`46,880`||<br>`1,042,735`|
|`THECLERGYRESTFUND`<br>|<br>`SCHEDULEOFSTOCKSANDSHARES`|||||`FORTHEPERIOD1STJANUARY2025TO31STDECEMBER2025`||||||||`NOMINAL`<br>`MARKETVALUE`<br>`01,04.2025`<br>`TRANSACTIONS`<br>`COST!`<br>`(PROCEEDS)`<br>`PROFIT`<br>`BOOKVALUE`<br>`(LOSS)`<br>`31.12.2025`|`680,713.00`<br>`10,690.72`<br>`8,232.73`<br>`709,636.45`|||`40,000.00`<br>`31,990.00`<br>`31,990.00`||`20,000.00`<br>`27,680.00`|`(20,000.00)`<br>`(31,640.00)`<br>`3,960.00`||`10,000`<br>`25,171.00`<br>`25,171.00`||`2,500`<br>`26,900.00`<br>`26,900.00`|||`40,000`<br>`47,320.00`<br>`47320.00`|||||||||||||`40,000`<br>`64,306.00`<br>`64,306.00`|||`20,000`<br>`41,650.00`<br>`41,650.00`||`20,000`<br>`38,464.00`<br>`38,464.00`||<br>`994,194.00`<br>`(20,949.28)`<br>`-16-`<br>`12,192.73`<br>`985,437.45`|
||||||||||||||||`Balancedbroughtforward`|`PremierPortfolioOM`||`EuropeanOppsF Acc`|`JHInvestmentFundsSrs`|`EuropeSelectedOppsFund`|`Sold01.09.2025`|`AsiaPacificInvestments`<br>|`FedrtdHrmsInvFHAsiaExJpnEq F2GBP`||`FirstSentier[nvS]AsiaPacificLdrsSustB `|`GlobalInvestments`<br>|`FidelityInvstFds`<br>|`FidGb!DivFdR Mdis`||||||||||||`FUNDSMITHLLP`|`Equity`<br>`|IncomeNAV`||`GemcapInvestment`|`AhfmDefinedReturns`<br>`BGBP`|`LAZARDGLOBAL`|`ActiListedinfraEquitDis`||`Balancedcarriedforward`|





|||||||||||||`INCOME`|`19,276.16`|||||||`92.16`||`§50.00`|`945.00`|||`120.00`|`120.00`||`700.00`|`700.00`|`700.00`|`700.00`|`1,466.50`|`749.00`|`749.00`|||||||||||<br>`£26867.82`<br>||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||`DATE`||||||||`09.04.25`||`28.02.25`|`29.08.25`|||`28.02.25`|`29.08.25`||`11.03.25`|`05.06.25`|`03.09.25`|`08.12.25`|`14.06.25`|`15.09.25`|`16.12.25`|||||||||||<br>||
||||||||||||`MARKETVALUE`|`31.12.2025`|`1,042,735`|||||||`51,104`||||`52,088`||`42,100`||||`29,760`||||`43,820`|||||`40,727`||`33,700`|||||<br>`£1,336,031`<br>||
|`THECLERGYRESTFUND`|`SCHEDULEOFSTOCKSANDSHARES`|<br>`FORTHEPERIOD1STJANUARY2025TO31STDECEMBER2025`<br>||||||||`TRANSACTIONS`|`NOMINAL`<br>`MARKETVALUE`<br>`COST!`<br>`PROFIT`<br>`BOOKVALUE`|`04.01.2025`<br>`{PROCEEDS}`<br>`(LOSS)`<br>`31.12.2025`|`994,194.00`<br>`(20,949.28)`<br>`12,192.73`<br>`985,437.45`|||||||`300`<br>`48,559.00`<br>`48,559.00`||`25,000`<br>`47,650.00`|`(2,500)`<br>`(8,130.09)`<br>`365.09`|`22,500`<br>`42,885.00`||`10,000`<br>`34,750.00`<br>`34,750.00`||||`40,000`<br>`28,160.00`<br>`28,160.00`||||`35,000`<br>`42,455.00`<br>`42,455.00`|||`300.00`<br>`(75.00)`<br>`53,343.00`<br>`(13,757.55)`<br>`421.80`||`225.00`<br>`40,007.25`||`25,000`<br>`33,025.00`<br>`33,025.00`|||`20,000`<br>`(20,000)`<br>`17,256.00`<br>`(17,262.00)`<br>`6.00`||<br>`£1,266,367.00`<br>`(£24,073.92)`<br>`£12,985.62`<br>`£1,255,278.70`<br>|<br>`-17-`|
||||||||||||||`Balancedbroughtforward`|`LazardGlobal`||`ActiThermaticFocusE GBPDis`|||||`POLARCAPITAL`|`Capita!GlobalFinancialsTrust`|`Sold07.02.2025`||`POLARCAPITAL`|`Global HealthOrdinary25p`||`InfrastructureFunds`|`GCPInfrastructure`|`OrdGBPO.01`|||`INTPublicPartner`|`Ordinaryshares`||`AspectUcitsFunds`|`DiversifiedTrendsP `<br>`Instl`|`Sold11.02.2025`||`JanusHendersonInvestments`|`Bought01.09.2025`|`InternationalPrope`|`SchroderUnitTst`|`GlobalReaiEstZ Inc`|`Sold02.08.2025`|||





## 

## 

## 

|`CONTENTS`||
|---|---|
||`PAGE`|
|`REPORTTOTHETRUSTEES`|`1`|
|`INDEPENDENTEXAMINERSREPORT`|`2`|
|`GENERALINFORMATION`|`3-4`|
|`FINANCIALSTATEMENTS`||
|`NotestotheFinancialStatements`|`5`|
|`BalanceSheet`|`6`|
|`StatementofFinancialActivities`|`7`|
|`CapitalAccount`|`8`|
|`IncomeAccount`|`9`|
|`ScheduleofDistributions`|`10-11`|
|`ScheduleofCreditors`|`12`|
|`ScheduleofStocksandShares`|`13-17`|





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# 30 January 



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## 

||`2025`|`2024`|
|---|---|---|
|`Stocksandshares`|`1,336,031.00`|`1,266,367.00`|
|`WinckworthSherwoodclientdepositaccount`|`(4,114.07)`|`(1,545.88)`|
|`Depositsheldforpersonalallocationsasfollows:-`|||
|`TimothyJohnBriden`|`1,090.00`|`1,090.00`|
|`AidenRichardHargreaves-Smith`|`2,290.00`|`2,290.00`|
|`SarahFrancesJonesKC`|`1,590.00`|`1,590.00`|
|`Rathbonescashheld`|`15,091.28`|`8,581.41`|
|`HMRC- `<br>`giftAid`|`1,250.00`|`1,250.00`|
|`Less:-`|||
|`Creditors- perscheduleonpage12`|`(10,310.00)`|`(10,544.00)`|
||<br>`£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|
|`Thisisrepresentedby:-`|||
|`CAPITALACCOUNT(Page8)`|`1,342,918.21`|`1,269,078.53`|
|`INCOMEACCOUNT(Page9)`|`0.00`|`0.00`|
||<br>`£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|






## 

## 

|`IncomeandExpenditure`<br>|`Capital`|`Income`|`TotalFunds`|`2024`|
|---|---|---|---|---|
|`Incomingresources`<br>|||||
|`Invesimentincome`<br>|`0.00`|`26,818.46`|`26,818.46`|`28,720.32`|
|`Donations`|`0.00`|`100.00`|`100.00`|`5,000.00`|
|`HMRCGiftAid`|`0.00`|`0.00`|`0.00`|`1,250.00`|
|`Transfer`|`27,160.46`|`(27,160.46)`|`0.00`|`0.00`|
|`Grossinterest`|`0.00`|`242.00`|`242.00`|`403.37`|
|`Totalincomingresources`|<br> <br>`27,160.46`|<br> <br>`(0.00)`|<br> <br>`27,160.46`|<br> <br>`35,373.69`|
|`Resourcesused`|||||
|`Directcharitableexpenditure`<br>|||||
|`Distributionsmade(Scheduleon`<br>|||||
|`page10)`|`21,883.83`|`0.00`|`21,883.83`|`23,850.00`|
|`Otherexpenditure`|`0.00`|`0.00`|`0.00`|`0.00`|
|`Administrationcosts`|`25,174.87`|`0.00`|`25,174.87`|`27,402.26`|
|`Totalresourcesused`|<br>`47,058.70`|<br>`0.00`|<br>`47,058.70`|<br>`51,252.26`|
|`Netincoming/(outgoing)resources`<br>|||||
|`fortheyear`<br>|`(19,898.24)`|`(0.00)`|`(19,898.24)`|`(15,878.57)`|
|`Otherrecognisedgainsandlosses`<br>|||||
|<br>`Gainsandtossesoninvestments:-`|||||
|`Realised`|`12,985.62`|`0.00`|`12,985.62`|`41,047.04`|
|`Unrealised`|`80,752.30`|`0.00`|`80,752.30`|`51,336.57`|
|`Netmovementinfunds`|<br>`73,839.68`|<br>`(0.00)`|<br>`73,839.68`|<br>`46,505.04`|
|`Balancesbroughtforwardat`|||||
|`istJanuary2025`|`4,269,078.53`|`0.00`|`4,269,078.53`|`1,222,573.49`|
|`Balancescarriedforwardat`|||||
|`31stDecember2025`|<br>`£1,342,918.21`<br>|<br>`(£0.00)`<br>|<br>`=£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|





## 

## 

||`2025`|`2024`|
|---|---|---|
|`BalancebroughtforwardatistJanuary2025`|`1,269,078.53`|`1,222,573.49`|
|`Add:-`|||
|`Revaluationofstocksandshares`|`80,752.30`|`51,336.57`|
|`Transferfromincome`|`27,160.46`|`35,373.69`|
|`Profitonsaleofstockandshares(Page17)`|`12,985.62`|`11,047.04`|
||<br>`1,389,976.91`|<br>`1,320,330.79`|
|`Less:-`|||
|`Distributions(Page710)`|`21,883.83`|`23,850.00`|
|`WinckworthSherwood- Legal,accountancy,taxationand`|||
|`administrationchargesanddisbursements`|`11,750.00`|`11,995.00`|
|`VATthereon`|`2,350.00`|`2,399.00`|
|`Bankandphotocopyingcharges`|`102.40`|`118.20`|
|`Newton& Garnerauditfees`|`1,200.00`|`71,150.00`|
|`VATthereon`|`240.00`|`230.00`|
|`Rathbones`|||
|`Investmentmanagementcharges`|`9,532.47`|`11,510.06`|
|`Balancecarriedforwardat31stDecember2025`|<br>`£1,342,918.21`<br>|<br>`£1,269,078.53`<br>|





## 

## 

||`2025`|`2024`|
|---|---|---|
|`BalancebroughtforwardatistJanuary2025`|`0.00`|`0.00`|
|`Dividendsandinterest(Page17)`|`26,867.82`|`28,720.32`|
|`DonationfromDrSheilaCameron`|`0.00`|`5,000.00`|
|`Giftaiddueondonation`|`0.00`|`1,250.00`|
|`DonationfromMrG P andMrsK E Handley`|`400.00`|`0.00`|
|`WinckworthSherwood- grossinterest`|`92.04`|`43.38`|
|`Rathbones- grossinterest`|`149.96`|`359.99`|
||<br>`27,209.82`|<br>`35,373.69`|
|`Less:-`|||
|`Dividendaccumulated`|`49.36`|`0.00`|
|`Transfertocapital`|`27,160.46`|`35,373.69`|
|`Balancecarriedforwardasat31stDecember2025`|<br>`£0.00`<br>|<br>`£0.00`<br>|





## 

||`Total`|
|---|---|
|`BishopofManchester`|`1,500.00`|
|`BishopofNewcastle`|`4,500.00`|
|`BishopofOxford`|`1,500.00`|
|`BishopofPeterborough`|`1,500.00`|
|`BishopofPortsmouth`|`1,500.00`|
|`BishopofRochester`|`1,500.00`|
|`BishopofSt.Edmundsbury& Ipswich`|`1,500.00`|
|`BishopofSheffield`|`1,500.00`|
|`BishopofSouthwark`|`1,500.00`|
|`BishopofSouthwellandNottingham`|`1,500.00`|
|`BishopofTruro`|`1,500.00`|
|`Revd.JonathanFrith`|`4,000.00`|
|`RevdAugustineNwaekwe`|`533.83`|
|`Revd.JulieKnhovacs`|`800.00`|
|`Revd.C CClayton`|`1,550.00`|
|`RevdMarkHudghton`|`1,500.00`|
|`Totaldistributed`|`£21,883.83`|





## 

## 

||`SF`|`AR`|`TJ`||
|---|---|---|---|---|
||<br>`Jones`|<br>`Harqreaves-Smith`|<br> <br>`Briden`|<br> <br>`Total`|
|`Balancebroughtforward`|`4,590.00`|`2,290.00`|`1,090.00`|`4,970.00`|
|`Addallocation`|`0.00`|`0.00`|`0.00`|`0.00`|
||<br>`1,590.00`|<br>`2,290.00`|<br>`1,090.00`|<br>`4,970.00`|
|`Lessdistributions`|||||
|`Balancecarriedforward`|<br>`£1,590.00`<br>|<br>`£2,290.00`<br>|<br>`£1,090.00`<br>|<br>`£4,970.00`<br>|





## 

## 

||`2025`|`2024`|
|---|---|---|
|<br>`Fundsavailablefordistribution:-`|||
|`ARHS- seepage11`|`2,290.00`|`2,290.00`|
|`TJB- seepage11`|`1,090.00`|`1,090.00`|
|`SFJ- seepage11`|`4,590.00`|`1,590.00`|
|`Newton& Garnerauditfees`|`1,200.00`|`1,150.00`|
|`VATthereon`|`240.00`|`230.00`|
|`Legal,accountancy,taxationand`|||
|`administrationchargesanddisbursements`|`3,250.00`|`3,495.00`|
|`VATthereon`|`650.00`|`699.00`|
||<br>`£10,310.00`<br>|<br>`£10,544.00`<br>|





|||||||||`INCOME`||||||`75.00`|`75.00`|||`425.00`|||`87.50`||||`250.00`||||||||`310.18`|`683.05`||`426.10`|`409.65`|`428.10`|||`438.90`|`395.50`|`414.75`|`434.70`||`291,20`|`126.75`|<br>`§,271.38`|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||`DATE`||||||`22.04.25`|`22.10.25`|||`08.12.25`|||`31.07.25`||||`22.04.25`||||||||`11.02.25`|`42.08.25`||`31.03.25`|`41.07.25`|`30.09.25`|||`15.01.25`|`15.04.25`|`48.07.25`|`15.10.25`||`19.06.25`|`11.09.25`||
||||||||`MARKETVALUE`<br>|`31.12.2025`||||||`34,001`||||`20,245`|||||`39,288`||||||||||`47A424`||||`31,200`||||`29,505`|||||`49,630`||<br>`221,293`|
|`THECLERGYRESTFUND`||||`SCHEDULEOFSTOCKSANDSHARES`|`FORTHEPERIOD18STJANUARY2025TO31STDECEMBER2025`|`TRANSACTIONS`|`NOMINAL`<br>`MARKETVALUE`<br>`cost!`<br>`PROFIT`<br>`BOOKVALUE`<br>|`04.01.2025`<br>`(PROCEEDS)`<br>`(LOSS)`<br>`31.12.2025`<br>||||||`£40,000.00`<br>`32,215.00`<br>`32,215.00`||||`£20,000.00`<br>`20,154.44`<br>`20,154.44`|||`£20,000.00`<br>`15,105.32`|`£30,000.00`<br>`22,848.47`|`£50,000.00`<br>`37,953.79`||`£100,000.00`<br>`28,256.00`|`(£400,000.00)`<br>`(24,558.66)`<br>`(3,697.34)`||||||`60,000`<br>`45,924.00`|`(504.00)`<br>`45,420.00`||||`25,000`<br>`30,150.00`<br>`30,150.00`||||`3,500`<br>`28,980.00`<br>`28,980.00`|||||`650`<br>`23,585.00`<br>`23,585.00`||<br>`189,110.00`<br>`33,045.57`<br>`(3,697.34)`<br>`218,458.23`<br>`-413-`|
||||||||||`UKConventionalGovernmentBonds`<br>||||`UK(Govtof)`|`0.375%Snr22/10/30GBP100`||`UK(Govtof)`|`41/4%Stock7/06/2032`|`Bought28.08.2025`|`UK(Govtof}`|`0.875%Snr31/07/33GBP100`|`Bought10.02.2025`|`Bought28.08.2025`||`UK(Govtof}`|`0.5%Snr22/10/2064GBP100`|`Sold28.08.2025`|`OverseasConventionalGovernmentBonds`<br>||||`BNYMellonGibFds`|`GlobalBondZ GBPIncHgd`|`Equalisation11.02.2025`||`UKInvestmentGradeBonds`|`ROYALLONDON`<br>|`UTMSterlingCreditZ `||`OverseasInvestmentGradeBonds`|`JUPITERUTMANAGERS`|`JupiterGlobalDymamicBond`|||`UKEquities`|`RelxPle`|`GBP0.1444`||`Balancedcarriedforward`|





||||||`INCOME`|`§,271.38`||`420.00`|`191.75`|||`819.59`|`221.00`|`220.69`|`168.93`||`314.20`<br>`133.60`||`220.36`|`335.37`||||`207.63`|`213.79`<br>`215.38`|`216.04`||`90.00`<br>`112.96`||`102.57`|`204.95`||`703.95`|`434.32`|<br>`10,818.46`|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||`DATE`|||`24.03.25`|`10.09.25`|||`25.04.25`|`01.07.25`|`26.09.25`|`18.12.25`||`27.02.25`<br>`31.07.25`||`24.04.25`|`04.12.25`||||`28.03.25`|`16.06.25`<br>`42.09.25`|`05.12.25`||`04.02.25`<br>`45.08.25`||`07.02.25`|`18.07.25`||`17.04.25`|`25.09.25`||
|||||`MARKETVALUE`<br>|`31.12.2025`|`221,293`||||`34,475`|||||`26,414`||`18,912`||`41,225`|||`4,295`|||`23,714`|||`21,228`||`21,860`|||`23,976`||<br>`404,389`|
|`THECLERGYRESTFUND`|`SCHEDULEOFSTOCKSANDSHARES`|`FORTHEPERIOD18STJANUARY2025TO31STDECEMBER2025`<br>|`TRANSACTIONS`|`NOMINAL`<br>`MARKETVALUE`<br>`cosT/`<br>`PROFIT`<br>`BOOKVALUE`<br>|`01.01.2025`<br>`489,110.00`<br>`(PROCEEDS)`<br>`33,045.57`<br>`(LOSS)`<br>`(3,697.34)`<br>`31.12.2025`<br>`218,458.23`|||`300`<br>`(50)`<br>`31,398.00`<br>`(5,803.30)`<br>`570.30`||`250`<br>`26,165.00`|`4,000`<br>`(1,000)`<br>`750`<br>`2,250`<br>`31,416.00`<br>`(8,488.80)`<br>`(7,163.85)`<br>`634.80`<br>`1,273.35`<br>`17,671.50`|||||`1,000`<br>`200`<br>`800`<br>`26,605.00`<br>`(5,529.96)`<br>`208.96`<br>`21,284.00`||`700`<br>`17,761.00`<br>`17,761.00`|||`110`<br>`522.00`<br>`522.00`||`550`<br>`(62)`<br>`488`<br>`25,011.00`<br>`(522.00)`<br>`(43.28)`<br>`24,445.72`||||`1,000`<br>`(200)`<br>`200`<br>`600`<br>`26,905.00`<br>`(5,709.01)`<br>`(6,574.40)`<br>`328.01`<br>`4,193.40`<br>`16,143.00`|||`650`<br>`22,422.00`<br>`22,422.00`|||`400`<br>`18,893.00`<br>`18,893.00`||<br>`389,521.00`<br>`(6,267.03)`<br>`~14-`<br>`511.48`<br>`383,765.45`|
|||||||`Balancedbroughtforward`|`ASTRAZENECAPLC`|`Ordinaryshares`|`Sold07.02.2025`||`HSBCHOLDINGSPLC`|`Ordinary$0.50shares`|`Sold07.02.2025`|`Sold29.08.2025`||`CompassGroupPLC`|`Ordinaryshares`<br>`Sold07.202.2025`|`DIAGEOPLC`|`Ordinary0.28101/108pshares`||`MagnumIceCreamCO`|`NPVshares- fromUnileverdemerger`|`UNILEVERPLC`|`Ordinaryshares`<br>`Demerger- Magnum`<br>`Fractionalpayment29.12.2025`|||`Halma`|`OrdinaryShares`<br>`Sold07.02.2025`<br>`Sold29.08.2025`|`ExperianPLC`|`Ordinaryshares`||`RioTinto`|`OrdGBPO.10`||`Balancedcarriedforward`|





|||||||`INCOME`|`10,818.46`||`208.43`|`198.08`|`199.65`|`201.38`||`265.00`|`§37.50`||`198.76`|`537.81`||`140.00`|`140.00`|`84.00`||`305.90`|||||`4,123.44`|||||`9.21`||||<br>`14,827`<br>`62`||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||`DATE`|||`24.03.25`|`23.06.25`|`22.09.25`|`18.12.25`||`28.02.25`|`48,09.25`||`05.06.25`|`04.12.25`|||`13.05.25`|`15.09.25`||`28.05.25`|||||`44.11.25`|||||`04.07.25`||||||
|||||`MARKETVALUE`||`31.12.2025`|`404,389`||`20,550`|||||`27,238`|||`25,975`|||||||||||||`86,040`||`79,251`||`61,020`|||`36,921`|<br>`741,384`||
|`THECLERGYRESTFUND`<br>|`SCHEDULEOFSTOCKSANDSHARES`<br>|`FORTHEPERIOD1STJANUARY2025TO31STDECEMBER2025`|`TRANSACTIONS`||`NOMINAL`<br>`MARKETVALUE`<br>`cosT/`<br>`PROFIT`<br>`BOOKVALUE`|`04.01.2025`<br> <br>`PROCEEDS`<br>`(LOS$s)`<br>`31.12.2025`|`389,521.00`<br>`(6,267.03)`<br>`511.48`<br>`383,765.45`||`750`<br>`18,572.00`<br>`18,572.00`|||||`4,250`<br>`20,103.00`<br>`20,103.00`|||`25,000`<br>`25,400.00`<br>`25,400.00`||||`3,500`<br>`19,373.00`|`(3,500)`<br>`(20,738.94)`<br>`1,365.94`||`1,750`<br>`17,346.00`|`(1,750)`<br>`(23,701.31)`<br>`6,355.31`||`4,000`<br>`59,160.00`||`2,000`<br>`27900.00`|`6,000`<br>`87,060.00`||`450`<br>`79,648.00`<br>`79,648.00`||`30,000`<br>`61,590.00`<br>`61,590.00`|||`30,000`<br>`33,498.00`<br>`33,498.00`|<br>`690,713.00`<br>`10,690.72`<br>`8,232.73`<br>`709,636.45`|`-15- `|
||||||||`Balancedbroughtforward`|`ShellPic`<br>`EUR0.07`|||||`SSEPle`|`GBP0.50`||`FranklinTmpitnFd`|`FranklinUKMidCapS Dis`||`MelroseIndustria!Pic`||`OrdGBP0.06857143`|`Sold29.08.2025`|`Smith& Nephew`|`OrdUSD`|`Sold14.08.2025`|`NorthAmericanInvestments`|`BrownAdvisoryFund`|`BGUSvalueFund`|`Bought15.08.2025`||`Findlay ParkFunds`|`AmericanUSDDis`|`SchroderUnitTrust`|`USSmallerCosZ Inc`|`EuropeanInvestments`<br>|`LIONTRUSTFUNDPARTNERS`<br>|`EuropeanDynamicought02.09.2025`|`Balancedcarriedforward`||





|||||||||||||||`INCOME`|`14,827.62`|||||`60.64`|`481.44`||`114.32`|`353.87`|`49.36`|||`95.20`|`95.20`|`95.20`|`272.04`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`|`100.80`||`117.57`|`98.24`||||`516.00`|`1,293.06`<br>|<br>`19,276.16`|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||`DATE`||||||`31.01.25`|`04.08.25`||`04.02.25`|`04.08.25`|`01.02.25`|||`17.01.25`|`18.02.25`|`18.03.25`|`17.04.25`|`16.05.25`|`19.06.25`|`21.07.25`|`20.08.25`|`48.09.25`|`18.10.25`|`48.11.25`|`18.12.25`||`28.02.25`|`04.09.25`||||`09.04.25`|`09.40.25`<br>||
|||||||||||||||`MARKETVALUE`<br>`31.12.2025`<br>|`741,384`<br>|||`32,230`|||||`31,422`||`27,593`|||`53,040`|||||||||||||`64,660`|||`45,526`||`46,880`||<br>`1,042,735`|
|`THECLERGYRESTFUND`<br>|<br>`SCHEDULEOFSTOCKSANDSHARES`|||||`FORTHEPERIOD1STJANUARY2025TO31STDECEMBER2025`||||||||`NOMINAL`<br>`MARKETVALUE`<br>`01,04.2025`<br>`TRANSACTIONS`<br>`COST!`<br>`(PROCEEDS)`<br>`PROFIT`<br>`BOOKVALUE`<br>`(LOSS)`<br>`31.12.2025`|`680,713.00`<br>`10,690.72`<br>`8,232.73`<br>`709,636.45`|||`40,000.00`<br>`31,990.00`<br>`31,990.00`||`20,000.00`<br>`27,680.00`|`(20,000.00)`<br>`(31,640.00)`<br>`3,960.00`||`10,000`<br>`25,171.00`<br>`25,171.00`||`2,500`<br>`26,900.00`<br>`26,900.00`|||`40,000`<br>`47,320.00`<br>`47320.00`|||||||||||||`40,000`<br>`64,306.00`<br>`64,306.00`|||`20,000`<br>`41,650.00`<br>`41,650.00`||`20,000`<br>`38,464.00`<br>`38,464.00`||<br>`994,194.00`<br>`(20,949.28)`<br>`-16-`<br>`12,192.73`<br>`985,437.45`|
||||||||||||||||`Balancedbroughtforward`|`PremierPortfolioOM`||`EuropeanOppsF Acc`|`JHInvestmentFundsSrs`|`EuropeSelectedOppsFund`|`Sold01.09.2025`|`AsiaPacificInvestments`<br>|`FedrtdHrmsInvFHAsiaExJpnEq F2GBP`||`FirstSentier[nvS]AsiaPacificLdrsSustB `|`GlobalInvestments`<br>|`FidelityInvstFds`<br>|`FidGb!DivFdR Mdis`||||||||||||`FUNDSMITHLLP`|`Equity`<br>`|IncomeNAV`||`GemcapInvestment`|`AhfmDefinedReturns`<br>`BGBP`|`LAZARDGLOBAL`|`ActiListedinfraEquitDis`||`Balancedcarriedforward`|





|||||||||||||`INCOME`|`19,276.16`|||||||`92.16`||`§50.00`|`945.00`|||`120.00`|`120.00`||`700.00`|`700.00`|`700.00`|`700.00`|`1,466.50`|`749.00`|`749.00`|||||||||||<br>`£26867.82`<br>||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||`DATE`||||||||`09.04.25`||`28.02.25`|`29.08.25`|||`28.02.25`|`29.08.25`||`11.03.25`|`05.06.25`|`03.09.25`|`08.12.25`|`14.06.25`|`15.09.25`|`16.12.25`|||||||||||<br>||
||||||||||||`MARKETVALUE`|`31.12.2025`|`1,042,735`|||||||`51,104`||||`52,088`||`42,100`||||`29,760`||||`43,820`|||||`40,727`||`33,700`|||||<br>`£1,336,031`<br>||
|`THECLERGYRESTFUND`|`SCHEDULEOFSTOCKSANDSHARES`|<br>`FORTHEPERIOD1STJANUARY2025TO31STDECEMBER2025`<br>||||||||`TRANSACTIONS`|`NOMINAL`<br>`MARKETVALUE`<br>`COST!`<br>`PROFIT`<br>`BOOKVALUE`|`04.01.2025`<br>`{PROCEEDS}`<br>`(LOSS)`<br>`31.12.2025`|`994,194.00`<br>`(20,949.28)`<br>`12,192.73`<br>`985,437.45`|||||||`300`<br>`48,559.00`<br>`48,559.00`||`25,000`<br>`47,650.00`|`(2,500)`<br>`(8,130.09)`<br>`365.09`|`22,500`<br>`42,885.00`||`10,000`<br>`34,750.00`<br>`34,750.00`||||`40,000`<br>`28,160.00`<br>`28,160.00`||||`35,000`<br>`42,455.00`<br>`42,455.00`|||`300.00`<br>`(75.00)`<br>`53,343.00`<br>`(13,757.55)`<br>`421.80`||`225.00`<br>`40,007.25`||`25,000`<br>`33,025.00`<br>`33,025.00`|||`20,000`<br>`(20,000)`<br>`17,256.00`<br>`(17,262.00)`<br>`6.00`||<br>`£1,266,367.00`<br>`(£24,073.92)`<br>`£12,985.62`<br>`£1,255,278.70`<br>|<br>`-17-`|
||||||||||||||`Balancedbroughtforward`|`LazardGlobal`||`ActiThermaticFocusE GBPDis`|||||`POLARCAPITAL`|`Capita!GlobalFinancialsTrust`|`Sold07.02.2025`||`POLARCAPITAL`|`Global HealthOrdinary25p`||`InfrastructureFunds`|`GCPInfrastructure`|`OrdGBPO.01`|||`INTPublicPartner`|`Ordinaryshares`||`AspectUcitsFunds`|`DiversifiedTrendsP `<br>`Instl`|`Sold11.02.2025`||`JanusHendersonInvestments`|`Bought01.09.2025`|`InternationalPrope`|`SchroderUnitTst`|`GlobalReaiEstZ Inc`|`Sold02.08.2025`|||