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|||~Pa e|
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|Legal and Administrative
Information|||
|Report ofthe Trustees||2-5|
|Independent
Auditor's|Report|6-8|
|Statement ofFinancial|Activities||
|Balance Sheet||10|
|Notes to the Financial|Statements|11-16|
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|STATEMENT OFFINANCIAL
FORTHE YEAR ENDED 31st|ACTIVITIES
DECEMBER 2022||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||Funds|Funds|||
||||2022|2022|2022|2021|
|Income from:||Note|E|E|E|E|
|Salaries and Pensions|||181,242||181,242|184,841|
|Mass Stipends, Stole Fees, Supply and Dues|||41,031||41,031|36,883|
|Donations, Legacies and Bequests|||3,013,368|100,000|3,113,368|89,592|
|Investment
Income|||13,587||13,587|11,894|
|Other Income|||17,248||17,248|16,959|
|Total Income|||3,266,476|100,000|3,366,476|340,169|
|Ex enditure
on:|||||||
|Charitable
Activities|||340,144|14,664|354,808|310,806|
|Raising Funds|||13,785||13,785|13,822|
|Governance
Costs|||10,533||10,533|7,761|
|Total Ex enditure|||364,462|14,664|379,126|332,389|
|Net Income before Investments|||2,902,014|85,336|2,987,350|7,780|
|Losses /Gains on Investment|Assets:—||||||
|Realised (Losses)/Gains|||(35,036)||(35,036)|102,409|
|Unrealised
(Losses)/Gains|||(153,193)||(153,193)|108,935|
||||(188,229)||(188,229)|211,344|
|Net Income|||2,713,785|85,336|2,799,121|219,124|
|Reconciliation ofFunds|||||||
|Fund Balance Brought Forward 1stJanuary 2022|||3,169,619||3,169,619|2,950,495|
|Fund Balance Carried Forward|31stDecember 2022||5,883,404|85,336|5,968,740|3,169,619|
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|BALANCE SHEET AS|BALANCE SHEET AS|AT 31stDECEMBER|2022|||
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|E|E|
|Fixed Assets||||||
|Tangible Fixed Assets||||252,776|246,360|
|Investments||||2,196,703|2,385,434|
|||||2,449,479|2,631,794|
|Current Assets||||||
|Sundry Debtors||||288,320|95,737|
|Cash at Bank and on Deposit||||3,248,861|465,179|
|||||3,537,181|560,916|
|Creditors:|Amounts|Falling||||
|Due Within|One Year|||(17,920)|(23,091)|
|Net Current|Assets|||3,519,261|537,825|
|Total Assets|Less Current Liabilities|||5,968,740|3,169,619|
|Funds||||||
|Unrestricted|Funds|||5,883,404|3,169,619|
|Restricted Funds|||13|85,336||
|||||5,968,740|3,169,619|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|2.|Charitable
Activities||||||
||Cost ofSustenance|and Maintenance||ofConfreres|112,355|92,457|
||Ministry Costs (including||Donations)||7,849|8,499|
||Formation
Costs||||36,120|36,873|
||Premises Costs||||60,373|65,758|
||Travel Costs||||40,759|34,133|
||Staff Costs||||54,261|52,366|
||Funeral Expenses||||400|350|
||Miscellaneous
Support Costs||||28,027|20,370|
||||||340,144|310,806|
||Restricted Funds||||14,664||
||||||354,808|310,806|
|3.|Ex enditure
on Raisin||Funds||||
||Investment
Portfolio Management|||Charges|13,785|13,822|
|4.|Governance
Costs||||||
||Professional
Fees||||10,533|7,761|
|5.|Net Movement
in|Funds|||||
||This is stated after|charging:—|||||
||Auditors'
Remuneration||||3,500||
||Accountants'
Remuneration|||||2,775|
||Depreciation||||9,102|9,074|
|6.|Staff Costs||||||
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||Residential|||
|---|---|---|---|
||~Pro ert|Motor||
||Cost|Vehicles|Total|
|Cost||||
|At 1stJanuary 2022|223,968|72,214|296,182|
|Additions||15,518|15,518|
|At 31stDecember 2022|223,968|87,732|311,700|
|D~erecietioo||||
|At 1stJanuary 2022||49,822|49,822|
|Charge for the Year||9,102|9,102|
|At 31stDecember 2022||58,924|58,924|
|Net BookValues||||
|At 31stDecember 2022|223,968|28,808|252,776|
|At 31stDecember 2021|223,968|22,392|246,360|
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||||||Cost/|Fair|Cost/|Fair|
|---|---|---|---|---|---|---|---|---|
||||||Valuation|Value|Valuation|Value|
|8.|Investments||||31/12/22|31/12/22|31/12/21|31/12/21|
||Government||Securities||560,973|512,387|521,557|549,785|
||Equity Securities||||1,307,989|1,547,115|1,246,950|1,736,002|
||Cash||||137,201|137,201|99,647|99,647|
||||||2,006,163|2,196,703|1,868,154|2,385,434|
||||||||2022|2021|
|9.|Creditors||||||E|E|
||Amounts|Fallin||Due Within One Year|||||
||Expense|Creditors||||11,800||17,906|
||Sundry Loans||||||6,120|5,185|
|||||||17,920||23,091|
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|||At|||At|
|---|---|---|---|---|---|
|||~lanua|||31December|
|13.|Restricted Funds|2022|Income|Utilised/|2022|
|||E|E||E|
||Other Restricted Funds||100,000|(14,664)|85,336|
||||100,000|(14,664)|85,336|