Rfi.GISTCI RC4 D CHAIIITY NUMBCI R: 233814 REI PORT ofi THE TRUSTEEtS AND UNAUDITEI D filNANCIAL STA'fEI ME¥ NTS FOR THE AR CI NDED 31 MARCH 2025 FOR MANCHEI STEI R DIOCEI SAN CHURCH or li NGLAND COUNCIL FOR SOCIAL AID
MANC1411 S'l'[1 R DIOCII SAN CHURCH OF NGLAND COUNCJL f<OR SOCIAL AID CONTEI NTS OF THCI FINANCIAL STATLI MEI NTS IOR THE YCI AIl EI NDLI D 31 FIqARCH 2025 PAge Repoi't of tlie'l'i'iistee5 Independent Ei xamiiiei s Rcpoi't Stxtemeiit of FinAnelAI Activities Balance Slieet Notes to tlie Financial Statejiients 9 10 13 DetAiled StateTnent of fiinancial Activities 14
MANCHLISTER DIOCLSAN CHURCH or ENGLAND COUNCIL fiOR SOCIAL AID REI PORT OF'I'HEI TRUSTEI Ci S riOR'fHL YEI AR £1 NDEI D 31 MARCH 2025 Tlie Ii'iistees pi'esenl tlieii. I'epoi'l witli tlie fiiiancihl slateineiils of Ilie cliai'ity foi. tl)e ycai-ei)ded 31 Mai'cli 2025. The Ii'uslees llave a(lopÉe(I the pi'ovisions of A¢coui)tii)g and Rei)oi'ling by Cliai'ities: ,Siateineiit of Recnininended Pi'actice appliLable to chai'ilics pi'epai'iiig Ilieii. accounts it) a¢coi'dance with the Finailcial Repoi'ting Standai'd applicabl¢ in Ihe UIC and Republi¢ of li'eland (FRS 102) (effective l Jaiiuaiy 2019). OBJ£1 CTIVEI S AND ACTlVI'fi£iS Objectives aiid aim5 Tlie objective of Ilie cliai'ity is to siippoi'l and fLiilliei' all oi. aiiy cl)ai'itable aGtivat¢s cai'i'ied oiil in coiinection with the Cliurch of Eiigland li) Ihc Dioccsc of Maiichcslcr. Tlie thi'¢e ii)ain objectives air.. Tlie pi'oinolion of teii)pei'ance aiid of Iiiglier staiidards of Inoi'al life iii Ilie individlial. tlie fainily, and the coiniiiunity. 2 Tlie I'estoi'ation of the inleinpei'ate oi. delinqiient and those addicted to di'ugs oi. alcohol oi. gftinin& oi. indccd iii need of help.. and 3 The relief of disti'ess oi. suffei'ing ai'isii)g fi'otn delinqliency oi. iiiteinperance oi. addiction. Sigiiificaiit aetlvltles The Ti'ust curi'ei)tly has two funding stitains.. Sinall Gi'aiits AppliGanls inay apply to the sinall gi'ants for one-off fiindiiig LIP to £8,000 to support a specific pi'oject. The ti'uste¢s made gi'ants of £132,728 diii'ing the year. Large Graiits The majoi'ity of the Trust's activity is cai'i'ied out thi'ough ihe Lai'ge Gi'ants Progi'ainine. The Ti'iistees curi'ently Inake gixnts, in liiie witl) tlie objects of tlie Ghai'ity, foi. up to Ihi'ee yeai's, usually not exceeding £30,000. This yeai. the Ti'ustees inadc 14 sinall gi'ants totalling £71,302. One new large gi'ant was awai'ded foi, £30,000 for the yeai's Api'il 2024 to March 2027. The beneficiai-ies are local chui'ches oi. chui'ch affiliated pt'ojects wl)ose aiins al'e to suppoit people and fainilies liviiig in challenging and depi'ived settings, thi'oiigh offei'ing a variety of activities and pi'ojecls based nd wiihin theÈi' local chLlI-clies and ¢oinmunity cenli'es. In addition, final yeai. payinenls and 2 yedl. payinents totalling £61,426 were inade to projects which had been awai'ded grants it) 2023 and 2024. The Inain gi'ants agi'e¢d weie:_ Gi'aIit for 202412025 £8,000 £5,250 £7,200 £2,000 £8.000 £2,400 £7,500 £6,912 £C),500 £6,800 £4,795 £1,574 £2,736 £1,635 £io,nDo £9,576 Comniitment for future years Sinallshaw Hurst Eccles St Andrew Edgside St Anne The Bui'y Pi'oject Halliwell St Petei's, Bolton St Stephens & All Marlyis Cliiii'ch St Bai'Iiabas, Oldhan) St. Micl)ael's & All AIigels, Lawton Moor St Petei s Biii'y (Gl'ow Baby) St Cleinent, 14igliei' Openshaiv Kii-kholl, St Tl)oinas Atl)ei'lon, St Geoi'ges Deane Pai'isli Cliui'Gh St Geoi-ge's, Dane Baiik Oldhain Clai'ksfield St Bai'nabas Dalibh ill Si Geoi'8e Coininiii)ity £10,000 £9.576 Pag¢ 3 of 14
Maiiclicslei. Dloeesaii Cliui'cli uf Ci li laii(I Councll foi. So¢lal Aid Gi'aiit foi. 202412025 Gi'a)It foi. 202412025 £1 0,000 £15,000 £6,850 £10,000 Coni iiiitineiit foi. rutui'c yeai's £ i 0,000 Bacllp Faiiiily Ceiitre Ashloii Undei. lyne Holy Ti'inity Coiiiinunity CentlE St Pauls, BlÈckley St Paiil w Bininanuel Oldhain Pai'ish Chiii'cli Sti'eet Aiigels £20,000 £20,000 Total £132,728 £69,576 OBJEtCTIVEI S AND ACTIVITIEI S Gi'antiiialiiiiL' In fLlI'ihei'ing the objectives, the ti'iist¢es have continiied lo apply the followillg ci'ilei'ia: Graiils will only be given foi. pei'iods up to thi'ee yeais Ilcvei)tte and capital fiindiiig cali be soiight Appli¢ation51)ave to include provision foi. on-goii)g Inonitoriiig and evaluation and show lioiv Ilie pi'oposed 81.ant will Inalce a diffei'ence to woi'lc eiivisaged and in¢lude an exit sli'ategy an(1 whiLh overall will be of public benefit. Gi'ants are only Inade fol. bids fi'otn organi5alions that have adopted and are ii))plementing equal opportui)ity policie5. FINANCIAL REVIEW Principal fiinding soiirces The Chai'ity's wol'lc is entii-ely i'elianl on income and ii)veshnent i'etui'ns fioiii its endowinenls. Iiive5tnieiit policy objeetives The chai'ity's capital assets fire inRnaged by 'l'he Cents'al Boai'd of Finaiice of the Chui-ch of Ei)glaiid, wliich invests tlic financial capital on behalf of Ilie li'iisl¢es iii ethically based investinents. Tl)o Iiiv¢slii)¢i)t fund is specifically designed for long teiin capital and is invested iii eqiiities witl) a wide divei'sification of good quality holdings in Ilie United Icingdoin and overseas. It aiins at steadily gl'owing incoine and capital appreciation lo piovide long tei'in protection fi'om inflation. Resei'ves policy Tlie Ii'uslees h¢ive lldopied a policy of holdiiig iii I'eservc suffrclcnt cash funds to Ineel the following year's gi'ant inaking allocation, f4 ixed asset iT]vesthnents held in the endowinent fund ai'¢ i'etained io ineet fiituit year, fuiidiiig i'equii'eincnls, as incotne froin their) pi-ovides the I'esoiii'ce8 in the uni'estt'icted nd to iiieet futiit'e dii'e¢t Charitable expenditiii'e. STRUCTURE, GOVCI RNANCE AND MANAGEMENT Govei'jiing (loeiiinent The chai'ity is controlled by its govei'ning docuinent, a deed of tt'LlSt and constitutes an iinincorpoi'ated charity. The chaiity is iegulated by a scheine of the Cliarity Coininissione13 dated 25 August 1969. ainended by theii. oi'dei. of 26 Api'il 2001. Oi'ganisAtioiial structure Ti'uslees serve for four yea[3 aftei. which pei'iod they put theiiiselves foi'wai'd for re-appoiiitnient. The ti'uslee5 al'e I'equii'ed to Ineet two tiines a yeai. oi) a Iialf-yeai'ly ba.sis. Flnwevei., the tt'iistees aim to ineet quai'lei'ly, and have Inel thi'ee tiines this yeai.. Ris1< inanagement Tlie Ii-iislees l)ave a duty to identify and i'eview tl)e risks to which tl)e Chai'ity is exposed and to ensui'e appi'opriate controls al'e in place to pi'ovide I'easonable assui'anee against fi'aud and ei'iDI'. Page 4 of 14
MAiicliestei' DiocesaTI Cliiii'cli of Ei li laiid Coiiiieil foi. Social Aid RCI fiCI IICI NCI AND ADMINISTRATJvf Dri TAILS Registci'ed Cliai'ity iiiini bej. 233814 Pi'ineipal addi'ess Maiicliesler Diocesan Coiincil foi. Social Aid St Johi)'s Hoiise 155-163 '1'1ie Ilock Biii'y BL9 OND Ti'ustees Revd fayaz Adiiiai) Mis Yvoi)i)e Mackei'#th Revd Jcni)i BeaiTinonl Caiion E4yaciiitl) Liglitboiii'ne Caiioii Paul Hutcl)ins Revd Di. Paiil Monk Th¢ Ven KaiEn Sineelon (Appointed 18111124) Independeiit Ei xamiiier Caiion Pliillip Bliiilchoin, FCA l Bluiidell Close Unswoith Biii'y BL9 8LH Appi'oved by oiQei' of the board of Ii'uslees on 13111 May 2025 and signed on its behalf by: Revd Di. l>aiil Moiili- Ch4ii' of Ti'ustees Page 5 of 14
MiiiiLlicstei' Dioccs8Ji Cliui'cli of Ei i) laii(I Coiiiicil foi. SoLiAI Aid JNDII PEI NDENT XAMINEI R'S RCI PORT TO TEIE TRUSTEES or MANCI.IEI STER DIOCEI SAN CHURCH ofi [4 NGLAND COUTr4CJL FOR SOCIAL AID Indepeiideiit exaiiiiEier's I'epoi't to tlie Ii'iislees of Mancliestei. Dioces411 Cliui'cli of Ci iiglaiid Coiintil foi, Social Aid I I'epoi'l to Il)e cliai'ity Ii'(Istees on iiiy exaiiiinalion of tlie accoiiiils of Manchester Diocesan Chiii'ch of Eiiglaiid Council foi. Social Aid (Ilie Ti'usl) foi. Ilie yeai. ended 31 Mai'cli 2025. Respoiisibilities aii(I basis of I'epoi't As the Gliai'ily Ii'ustees of the Ti'iist yoii are I'esponsible foi. the i)I'epai?tion of Ilie accoiiiils in accordance with tl)e I'eqiiireineiits of the Cl)ai'ilics Act 2011 ('Ilic Act,). l i'epoi'l in i'espcct of Iny exaii)inalioi) of11)e Ti'ust's ac¢oiiiits cai'i'ied OLII undei. seclioii 145 of the Act aiid in cai'iying out Iny exaininalion I have follow¢d 4111 ¢ippIicdble Dii'eclioi)s giveI) by Ilie Cliai'ity Coininission undei. seclioii 145{5)(b) of the Act. In(lependent exAmiiici' s Statcincnt I have coinpleled Iiiy exaininatioii. I confii'in that no Inatei'ial inattei's Iiave coine to Iny attention in ¢onne¢tion with the exaiilination giving Ine cause to believe that in any iiialei'ial respecl: accounting iEcords wei'e not Icept in I'espect of tl)e Ti'ust as i-equii'ed by section 130 of th¢ Act, or the accounts do not accoi'd with those IECOI'ds' oi. Ihe accounts do not coinply with the applicable reqliiremenls concernii)g the foi'in and conlenl of &ccouiit8 set out in tlie Chai'ilies (Accoiints ai)d R¢poi'ls) R¢gulatioiis 2008 oihci. tl)ai) any i'eqiiii'ei)ieiit that the accounts give a ti'ue and fail. view whicli is not a Iiiatter consid¢i'ed as pai'l of an iiidependeiit exainiiiatioii. I have no coi)ceriis aiid l)ave coine aci'oss iio oihei. Inatteis in connection with the exainination to whicli attention should be di'awii in this i'epoi'l in oi'dei. to eiiable a PLoper iinderstandiiig of the accoiints to be itached, ff 5 r5C_UIL< Canon Phillip Blinlchorn, FCA 7111 May 2025 Pags 6 ot 14
Maiicliestci. Diocesaii Cliui'cli of Ci li laii(I Coujicil foi. Social Aid STATEMEI NT or rilNAINCIAL ACTIVITIEt S IOR THf YLI AR C< NDED 31 MARCH 2025 Restated 2024 Total fLiIids 2025 Total funds Ui)I'esti'icted fliiids Resti'icted fiiiids Eiidowi)ienl fiii)d Noles INCOMfi. AND I NDOWMEI NTS f4ROiIq Invesliiient iiicoine 141,992 141,992 126,187 I XPEI NDI'fuRL ON Cli8l'itable actiyilies Gi'ant Aid 132,728 132,728 125,800 Olhei. 6,505 Total 139,233 139,233 128,647 Net gain{los8e$) on investineiits 179 154) 179,154 364,808 INCOMEI(fi XPLNDITURE) 2,759 (179,154) (176,395) 362,348 REI COtYClLIATION OF FUNDS Total funils broiight foi'ivai'd 454,582 4,498.021 4,952,603 4,590,255 TOTAL fiUINDS CARRIII D IIORWAIID 457 341 4.318867 4 776,208 4 952,603 Page 7 of 14
MAiiclieslLI' Diocesiiii Cliiii'cli of El li llliTrd Coiiiicil foi. Soelal Aid IIALANCE SHEI Ei T 40R THf. YLI All LI NDEI D 31 MARCH 2025 Restated 2024 Total flinds 2025 Total fiillds Uiii'esti'icted fliiids Resli'icled fiinds Endowinent fund Notes IIXED ASSEI TS InvcslienIS 4,318,867 4,318,867 4,498,021 CURRENT ASSEI TS Cash al baiilc 457,341 457,341 454,582 CREDITORS Aiiioiiiits falliiig diie within one year NEIT CURREI NT ASSETS 457,341 457341 454,582 TOTAL ASSEI'TS LEI SS CURREtNT LIABILITIEIS 457,341 4,318,867 4,776,208 4,952,603 T ASSC<TS 457,341 4318,867 4,776,208 4,952,603 IIUNDS Uni'esti'icted fiinds Eiidowinent fiinds 457.341 4,318,867 454,582 4498 021 TOTAL r(UNDS 4 776,208 4.952,603 The financial slateiY)eiits were appi'oved by tlie Boai'd of Ti'ustees and auihoi'ised foi. issue on 13 May 2025 and weiE signed on ils bel)alf by.. Revd DJ. Paul Moiili- Chaii. of Triistees Page 8 of 14
MaiiLliesleJ' Diuec5aii Cliiii'cli of El 11 Iaiid Coiiiicil foi. Social Aid NOTEI 8 TO THE f%lNANCIAL STATEI MEI NTS IOR THE YEI AR 31 MARCH 2025 ACCOUNTING POLICIEI S BasÉs of pi'epaj-iiig tlic finaiieial stnteiiieiits Tlie fiiiaiicial slaleiiicnts of the cliai'ity, which is a public benefit entily Lindei. fRS 102, liave beei) pi'epai'eii in accoi'daiice witt) the Cliai-ities SORP (FRS 102) 'Accoiiii¢iiig and Repoi'liiig by Cl)arities: Sialeinent of Recoinineiided Pi'aclice applicable to chai-ilie% pirpai'ii)g Iheii. accoiiiits in accoi'dai)cc with Ihc finaiicial Rei)oi'liiig Stai)dai'd applicable iii tlle UIC and Ilepublic of Irclaiid (FRS l a2) (effeGtive l J(Iiiiiai'y 2019),, Fii)aiicial Repoi'tii)g Slaiidaid l a2 'TI)e Finaiicial Repoi'ling SiandRI'(l applicable in Ilie Ull ai)d Repiiblic of Ii'eland, and Ihe Chai'ilies Act 201 l. The fiiiancial slal¢ineiits liave beeii pi'epai'ed ui)dei- Ilie histoi-ical cost coiiventioii, will) tlie exception of investmettls wl)i¢li al'e ii)cliided at Inhi'ket valiie, as Inodified by the I'evaliialion of ceitain assets. Incoine All incoime is iEcognised in the Stateinent of Financial A¢tiviti¢s on¢e the charity has entitleinent to tlie funds, it is pi'obable tha¢ the incoine will be IEceived and tlie ainount can be i)ieasured ieliably. I xpenditui'e Liabilities at'e i'ecognised as expendilui'e as soon as 11)ei'e is a legal oi. consti'uctive obligation coininittiiig tl)e chai'ity to that expeiidilui'e, it is yiobable that a h'ansfei. of econoinic benefits will be requii'ed in setlleineiit and the ainouiit of the obligation cali be Ineasui'ed i'eliably. ExpenditiiiE is accoiiiiled foi. on an acci'uals basis and has beeii classified iiiidei. lieadiiigs tl)at aggi-egale all cost i-elated lo the categoly. Wl)ei'e costs caniiot be dii'ectly atti'ibiited to parliciilai. lieRdings they have been allocated to activities on a basis consistent with Ilie iise of resoul'ces. Grants offei'ed subject to coiidition5 wl)iGlI l)ave not been Inet al Ilie yeai. end date air noted as a coininitinent but not 2cci.iied as expendilLlI'e. Taxation The chai'ily ffts exeinpl fiDin tax 01) ils cliai-ilable activities. Fiiiid accounting Uni'esti'icted funds can be used Ai) accoidance witli the chai'itable objectives at the disci'etion of the tt'ustees. Restj'icted fiinds can only be Eised foi. pai'li¢ulai' resti'icted pui'poses witliin the objects of the chai'ity. Resti'ictions ai'ise when specified by the doi)oi' oi. wlieii fliiids air I'aised foi. pai'liciilai. i'esti'icled pui'poses, Fiiithei. explanation of the natiii'e and puipose of each fund i.s included in the notes to th¢ financial slatetnents. INVEI STMEI NT INCOM Restated 2024 2025 Olhei. fixed usset inv- Ui)rii Baiik Iiiterest 140,983 122.583 3.604 141992 126.187 PiÉge9of 14
M8iILlie.stci' DiocesAiI Cliui'cli of l< 11 lllii(I Coiiiieil foi. SoeiRI Ald NOTES TO THE filNANCIAL,STATIMfi NTS- eoiiliTiiie(I r4OII THE YEI AR II NDED 31 MARCII 2025 TRUSTEI CIS, IIEI MUNLI IIATION AND BEI NEI rtITS Tl)eie wei'e iio ti'ustees, I'einiii)ei'alion oi. otliei. benefits foi. the y¢ai' cnded 31 Mai'ch 2025. Trustees, expeiises Thei'e wei'e no ti'ustees, expenses paid foi. the yeai. ended 31 Mairli 2025. STAft fi COSTS Tlie avei'age Inoiillily nuinbei. of einployees diiring the year was as follows: 2025 2024 Adininisti'atioii No einployees I'e¢eived einoluinents in excess of £60,000. Froi)i May 2024, Adiniiiistt'ative Assistaiit for CSA woi'ks as an eiiiployee under Manchester Diocese Board of Finaiice and tiine is i'echai'ged to CSA undei. DBF Adiniii Chai'ge within Expeiiditiii'e as shown in Detailed Stateinent of Financial A¢livilies on page 13, COMPARATIVE¥ S FOR THC STATEI MENT OF FINANCIAL ACTIVJTIEI S 2024 Restated Uiii'esti'ieted funds Restated Total funds Re511'iLled funds Endowiiieiit fund INCOMI AND ENDOWMENTS FROiVI Iiivestinent incoine 126,187 126,187 I XPCI NDITURE ON Cliaritable lletivities Gi'ant Aid 125,800 125,800 Olhei. 2,847 2,847 Total 128,647 128,647 Nel gains on inveshiients 364,808 364,808 NEIT INCOMCIl(EXPENDITURE) (2,460) 364,808 362,348 RE<CONCILIATION ofi FUNDS TotAI fuiids bi'oiiglit foi'ivard 457,042 4,133,213 4,590,255 TOTAL fiUNDS CARRIID FOIIWARD 454.582 4 498,021 4 952,603 Page 10 of 14
Maiic11¢51ei' Diocesaii Cliui'cli of Ei li laiid Couiicil foi. Soeial Aid NOTCI S TO THI IIINANCIAL S'I'ATLMf¢ NTS- coiitiiiiied FOR THEI Y[1 AR LI NDII D 31 MARCH 2025 FIXEI D ASSEI T INVEI STiVIEI NTS Listed ii)veslineiils MARICEIT VALUI At l Api-il 2024 Revaluatioiis 4,491S,021 179,154) At 31 Mairli 2025 4,318 867 NET BOOI< VALUE Al 31 Mai'GI) 2025 4 318.867 At 31 Mai'ch 2024 4 498.021 Tlie ¢hai'ity'S capital assets al'e Inanaged by The C¢nti'al Boai'd of Finance of the Churcli of England, which invest5 the finaiicial capital on bchalf of the Iriislees in etliically based inve5hllents. The Inv¢8tsneiit Fuiid is specifi¢ally designed foi. long teriii capital and is invested inainly willi a wide divei'sification of good quality holdings iii tl)e United Iciiigdoiii ai)d ovei'sea5. It ¢lllllS dt slLadily gl'owing iiicoine aiid capital appi'eciatioii to pi'ovide long tei'in pi'oteclion fi'oi)i inflalioi). At 31 Mai'ch 2025, 57.0 l D/fj (2024 64.73Q/o) of the liivesliiieiit Flind was invested in overseas inv¢sln)enls. CREI DITORS: AMOUNTS fiALLING DUE WITHIN ONE YEI AR 2025 2024 Taxalioii aiid social secui'ity 011)ei' creditoi's MOVE4MEtNT IN FUNDS 2025 Net Inoveinenl iii funds Ti'ansfei's between funds Restated 1.4.24 31.3.25 Uni'esti'icted funds RBS Sweep Bank accoiint 10,000 i 0,000 RBS Intei'est beai'ing bank Jrcuunt 71,833 (16,431) 55,402 CCLA Deposit fund 372.749 19,190 391,939 454,582 2,759 457,341 I Iidoivinent fiiiids Endowinent fi]i)d 4.498,021 (179,154) 4,318,867 TOTAL fiUNDS 4 952 603 176,395 4,776,208 Page Ilof 14
Maiiclieslei. Dioc¢s#ii Clitii'cli of il laii(I Couiicil foi. Social Ai(1 MANCHEI STEI R DIOCI(SAN CHIJRCII Ol", LINGLAND NOTLI S TO THI filNANCIAL STATEMCI N'fs- coiitiiiue(I FOR THE Yll AR EI NDEI D 31 MARCH 2025 MOVCI M£1 NT IN FUNDS- coiitiniied Net Inoveinent iii fiinds, included iii the above al'e as follows YIE 3110312025: Ileslated InLoining 1'¢soui'ces Restated Muv#iiienl Resoiii'ces expended Gains and losses Uni'estt'leted funds RBS Sweep Bank account RBS Intei'est bearing baiil< account 122,802 (139,233) (16,431) CCLA Deposit fiind 19,190 19.190 141,992 (139,233) 2,759 Endoivment funds Endowin¢nt fund (179,154) (179,154) TOTAL fuNDS 141992 139,233 179,154 176,395) Coinpal'atives foi, Inovcment in fuiids 2024 Restated Net Inoveinei)I tn funds Ti?nsfei's belweeii fiiiids Restated 31.3.24 1.4.23 Unj'estrieted fviids Baiik account 10,000 10,uoo RBS Intei'est beRI'ing baiik account 428,333 (356,500) 71,833 Deposit fund 18,709 354,040 372.749 457,042 (2,460) 454,582 i iidoivmeiit funds Endowinenl fiind 4,133,213 364,808 4,498,021 TOTAL fi UNDS 4 590,255 362,348 4,952,603 Page 12 of 14
maiiclie51ei' Diocesaii Chui'cli of li li laii(I Coiiiicil fol. Social Ai(1 MANCHCISTCI 11 DJOCEI SAN CHURC14 or Ei NCLAND NOTEI S TO TIIE f<lNANCIAL 8TATEI iVICI NTS. cojitinued riOR'J'HI All Li Nl)ED 31 MAIICH 2025 MOVCI MEI NT IN FUNDS- coiitinued Coinpai'ative Iiet i)ioveineiit in flinds, included in the abovo al'e as follows 2024: Re51aled Restated Iiicoiniiig Resoui'ces IESOiElf¢S expei)ded Restated Moveinent in fuiids Gaiiis diid losses Uiii'estricted fuiids Iiitei'est beai'ing bai)k account 121,960 (478,460) (356,500) Deposit fuiid 354 040 354 040 476,000 (478,460) (2,460) l Tidoivmejit fiinds Endowineiit fund 364,808 364,808 TOTAL fiUNDS 476,000 (478,458) 364,808 362,348 EI MPLOYEI l BENLI Fl'f OBLIGATIONS A debt ai'ose because the Couiicil foi, Sooial Aid (through tlie Pai'kfield Hostel Manageinent Cominittee - a sub- coiniiiittee) ceased conli'ibuting to the fund in Mai'ch 1993, following the closiii'e of tl)e lioslel. Froin April 1993 onwai'ds, the Ti'LlStees al'e I'esponsible foi. increases in tlie foi'iner einployees, pensions because the Tj'iistees al'e no loi)gei' conti'ibiiting lo the fund. io. REI LATEI D PARTY DISCLOSIJRCI S There wei'e no related pai'ty transactions foi. the yeai. ended 31 ma1] 2025. riEIU DUTIKS Feu duties of £2.3 8 aiid £2.00 pei. aiinuin wei'e payable on 22 and 24 Thoi'nli'ee Sii'eel, Leilh. Tlie agents have been unable to collect these SLlI)Is aftei. June 1990 despite sevei'al I'einindei's. The Ti-iistees have accepted that fiiithei. incoine Inay iiot be foi'ilicoining, biit I'egislei. Iheii. interest in the land and pi'opeity. Pagc 13 of14
MaiiLIIL5tci' DioLesaii Cliiii'cli of li 11 laiid Couiicil foi. Soci81 Aid MANCHII STCI R DIOCCI SAN CI.IURCH ofi Ei NGLAND I)C'I'AILED STA'I'CI MLI N'l, ofi l<JNANCIAL ACTIVITIEIS riOR THE YLI AR £4 NDCI D 31 MARCH 2025 Restated 2024 2025 INcofiqE AND EI NDOWMEI NTS Iiivestiiieiit iiieonie Olliei- fixed asset ii)v - UnFII Baiil( Ii)lei'est 140,983 1,009 122,583 3,604 141,992 126 187 Total incomiiig J'esoui'ce5 141,992 126,187 EI XPEINDITUR Cl)arit&ble Activities Gi'ants to institutions 132,728 125,800 .Support co.sts Finance Wages DBF Adinin Ch8rge Pei)sions Bank chai'ges 390 5,271 772 72 1,268 1,507 72 6,505 2,847 Govei'nance cost$ Accountaiiey and legal fees Tolal IEsoui'ces expended 139,233 128,647 Net ineomel(expenditui'¢) 2,759 (2,460) Page 14 of14