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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Independent<br>Examiner's<br>Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|12|
|Detailed Statement ofFinancial Activities||13||





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|This year the Trustees made|This year the Trustees made||6small grants totalling f17,500.One|6small grants totalling f17,500.One|6small grants totalling f17,500.One|6small grants totalling f17,500.One|new large grants was awarded forf30,000for the years|new large grants was awarded forf30,000for the years|new large grants was awarded forf30,000for the years|new large grants was awarded forf30,000for the years|new large grants was awarded forf30,000for the years|new large grants was awarded forf30,000for the years|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|April|2022 to March 2024.|The beneficiaries|||are local|churches|or church affiliated projects whose aims are to support||||||
|people and families living in challenging<br>and deprived settings, through<br>within<br>their local churches<br>and community<br>centres. In addition<br>final <br>f73,520 were made to projects which had been awarded<br>grants in 2020|||||||||offering avariety ofactivities and projects based<br> year payments<br>and 2" year payments<br>totalling<br> and 2021.The main grants agreed were:||||
|||||||Grants<br>in|||Commitment||for||
|||||||2022/2023||||future years|||
||Previousl<br>a<br>roved||ants||||||||||
||Ashton Holy Trinity|||||15,000|||||||
||Blackley StPaul|||||||||19,150|||
||Bolton Third Space|||||15,000|||||||
||Brunswick<br>Christ Church|||||10,000|||||||
||Collyhurst<br>Gateway|M40||||10,000||||10,000|||
||Re:dish Community|Hub||||9,680|||||||
||Radcliffe, StAndrews|||||8,840|||||||
||Wythenshawe,<br>CofE|||||5,000|||||||
||New Grants a<br>roved||2022/23||||||||||
||Greater Together Manchester|||||15,338||||14,662|||
||TOTAL|||||88,858||||43,812|||





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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||funds|funds|fund|funds|funds|
|||||Notes||||||
|INCOME|AND|||||||||
|ENDOWMENTS||FROM||||||||
|Investment|income||||121,381|||121,381|116,657|
|EXPENDITURE||ON||||||||
|Charitable|activities|||||||||
|Grant Aid|||||106,358|||106,358|106,820|
|Other|||||907|||907|1,518|
|Total|||||107,265|||107,265|108,338|
|Net gains/(losses)||on||||||||
|investments|||||||~158,513)|~158,513|300,027|
|NKT||||||||||
|INCOME/(EXPENDITURE)|||||14,116||(158,513)|(144,397)|308,346|
|RECONCILIATION|||OF|||||||
|FUNDS||||||||||
|Total funds|brought forward||||442,926||4,291,726|4,734,652|4,426,306|
|TOTAL FUNDS CARRIED||||||||||
|FORWARD|||||457,042||4,133,213|4,590,255|4,734,652|





||||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|fund|funds|funds|
||Notes||||||
|FIXEDASSETS|||||||
|Investments||||4,133,213|4,133,213|4,291,726|
|CURRENT ASSETS|||||||
|Cash at bank||457,042|||457,042|442,926|
|CREDITORS|||||||
|Amounts<br>falling due within one|||||||
|year|7||||||
|NKT CURRENT ASSETS||457,042|||457,042|442,926|
|TOTAL ASSETSLESS|||||||
|CURRENT LIABILITIES||457,042||4,133,213|4,590,255|4,734,652|
|NKT ASSETS||457,042||4,133,213|4 590,255|4 734,652|
|FUNDS|||||||
|Unrestricted<br>funds|||||457,042|442,926|
|Endowment<br>funds|||||4,133,213|4,291,726|
|TOTALFUNDS|||||4,590,255|4,734,652|





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||||||2023|2022|
|---|---|---|---|---|---|---|
|Other|fixed|asset|inv|- UnFII|119,642|116,618|
|Bank|Interest||||1,739|39|
||||||121,381|116,657|





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|STAFF COSTS|||||||
|---|---|---|---|---|---|---|
|The average monthly|number ofemployees||during the year was as follows:||||
||||||2023|2022|
|Administration|||||1|1|
|No employees<br>received emoluments||in excess ofZ60,000.|||||
|COMPARATIVKS|FOR THE STATEMENT OFFINANCIAL ACTIVITIES||||||
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|fund|funds|
|INCOME AND ENDOWMENTS||FROM|||||
|Investment<br>income|||116,657|||116,657|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Grant Aid|||106,820|||106,820|
|Other|||1,518|||1,518|
|Total|||108,338|||108,338|
|Net gains on investments|||||300,027|300,027|
|NET INCOME/(EXPENDITURE)|||8,319||300,027|308,436|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|forward||434,607||3,991,699|4,426,306|
|TOTAL FUNDS CARRIED FORWARD|||442,926||4,291,726|4,734,652|





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|FIXEDASSETINVESTMENTS||
|---|---|
||Listed|
||investments|
|MARKET VALUE||
|At 1 April 2022|4,291,726|
|Revaluations|~158,513)|
|At 31March 2023|4,133,213|
|NKT BOOKVALUE||
|At 31 March 2023|4,133,213|
|At 31March 2022|4,291,726|



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||||||2023|2022|
|---|---|---|---|---|---|---|
|Taxation and||social security|||||
|Other creditors|||||||
|MOVEMENT IN FUNDS|||||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4.22|in funds|funds|31.3.23|
|Unrestricted||funds|||||
|Bank account|||||||
||||10,000|||10,000|
|Interest bearing bank account|||||||
||||414,609|13,724||428,333|
|Deposit fund|||18,317|392||18,709|
||||442,926|14,116||457,042|
|Endowment||funds|||||
|Endowment|fund||||||
||||4,291,726|(158,513)||4,133,213|
|TOTAL FUNDS|||4,734,652|~144,397)||4,590,255|





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|Net movement|Net movement|in funds, included|in funds, included|in the above are as follows:||||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|Unrestricted||funds||||||
|Bank account||||||||
|Interest bearing bank account||||||||
|||||120,989|(107,265)||13,724|
|Deposit fund||||392|||392|
|||||121,381|(107,265)||14,116|
|Endowment|funds|||||||
|Endowment|fund|||||||
|||||||(158,513)|(158,513)|
|TOTAL FUNDS||||121,381|~107,265)|~158,513)|~144,397)|
|Comparatives||for movement|in|funds||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.4.21|in funds|funds|31.3.22|
|Unrestricted||funds||||||
|Bank account||||||||
|||||10,000|||10,000|
|Interest bearing bank account||||||||
|||||406,310|8,299||414,609|
|Deposit fund||||18,297|20||18,317|
|||||434,607|8,319||442,926|
|Endowment|funds|||||||
|Endowment|fund|||||||
|||||3,991,699|300,027||4,291,726|
|TOTAL FUNDS||||4,426,306|308,346||4,734,652|





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|Comparative|net movement|net movement|in funds, included|in the above are|in the above are|as follows:|||
|---|---|---|---|---|---|---|---|---|
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
|Unrestricted|funds||||||||
|Bank account|||||||||
|Interest bearing bank account|||||||||
||||||116,637|(108,338)||8,299|
|Deposit fund|||||20|||20|
||||||116,657|(108,338)||8,319|
|Endowment|funds||||||||
|Endowment|fund||||||||
||||||||300,027|300,027|
|TOTAL FUNDS|||||116,657|. (108,338)|300,027|308,346|
|A current year 12months||and prior year 12months|||combined position is as follows:||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.4.21|in funds|funds|31.3.23|
|Unrestricted|funds||||||||
|Bank account|||||||||
||||||10,000|||10,000|
|Interest bearing bank account|||||||||
||||||406,310|22,023||428,333|
|Deposit fund|||||18,297|412||18,709|
||||||434,607|22,435||457,042|
|Endowment|funds||||||||
|Endowment|fund||||||||
|||||3,991,699||141,514||4,133,213|
|TOTAL FUNDS||||4,426,306||163,949||4,590,255|





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|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|Bank account||||||
|Interest bearing bank account||||||
|||237,626|(215,603)||22,023|
|Deposit fund||412|||412|
|||238,038|(215,603)||22,435|
|Endowment|funds|||||
|Endowment|fund|||||
|||||141,514|141,514|
|TOTAL FUNDS||238,038|~215,603)|141,514|163,949|



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|DETAILED STATEMENT OFFINANCIAL ACTIVITIES<br>FOR THK YEAR ENDED 31MARCH 2023|||
|---|---|---|
||2023|2022|
|INCOME AND ENDOWMENTS|||
|Investment<br>income|||
|Other<br>fixed asset inv - UnFII|119,642|116,618|
|Bank Interest|1,739|39|
||121,381|116,657|
|Total incoming<br>resources|121,381|116,657|
|EXPENDITURE|||
|Charitable<br>activities|||
|Grants to institutions|106,358|106,820|
|Support costs|||
|Finance|||
|Wages|835|629|
|Pensions||746|
|Bank charges|72|83|
||907|1,458|
|Governance<br>costs|||
|Accountancy<br>and legal fees||60|
|Total resources<br>expended|107,265|108,338|
|Net income/(expenditure)|14,116|8,319|