## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Total|Total| |---|---|---|---|---|---|---|---| ||||||Notes|2023|2022| |||||||(9months)|(12months)| ||||||||6| |Income and endowments||from:|||||| |Donations
and legacies||||||10,878|259,197| |Charitable
activities||||||2,143|2,306| |Investments||||||225,016|242,433| |Total Income||||||238,037|503,936| |Expenditure
on:|||||||| |Raising funds - investment||management||fees||30,236|38,920| |Charitable
activities||||||169,630|318,639| |Total expenditure||||||199,866|357,559| |Net income/(expenditure)||before Investment|||||| |(losses)/gains||||||38,171|146,377| |Net losses/(gains)|on investments||||12|185,466|(337,894)| |Gain on revaluation|ofinvestment||properties||10||| |Loss on disposal offixed assets
Foreign exchange
gain/(loss)|||||||(17)
992| |Net movement
in|funds|||||223,637|(190,542)| |Reconciliation
of|funds||||||| |Fund balances
brought
forward at 1 October 2022|||||14|11,486,051|11,676,593| |Fund balances carried forward at 30||||June 2023|14|11,709,688|F11,486,051| ## |||||Note|2023|2022| |---|---|---|---|---|---|---| ||||||6|6| |Fixed Assets||||||| |Tangible fixed assets||||9|1,205,092|1,212,323| |Investment
properties||||10|5,100,000|5,100,000| ||||||6,305,092|6,312,323| |Current Assets||||||| |Reading
Room|Stock||||4,655|6,038| |Debtors||||11|6,767|28,338| |Waverton
Investment||Portfolio||12|5,250,267|5,065,450| |Cash at bank and in hand|||||173,282|100,820| ||||||5,434,971|5,200,646| |Creditors: amounts||falling due|within one year|13|30,375|26,918| |Net Current Assets|||||5,404,596|5,173,728| |Net Assets||||15|F11,709,688|611,486,051| |Funds||||||| |Unrestricted||||||| |- General||||14|2,689,158|2,453,341| |- Designated|Fund|—Youth Fund||14|11,798|16,747| |- Designated|Fund|—Fixed Asset Fund||14|6,305,092|6,312,323| |- Designated|Fund|—Building|Fund|14|2,703,640|2,703,640| |||||14|611,709,688|611,486,051| ## ## ## ## ## ## ## ## ## ||recorded at tra|recorded at tra|nsaction
price.
Any losses arising from i|mpairments
are recognised
in expe|nditure.| |---|---|---|---|---|---| |2.|DONATIONS||AND LEGACIES|Total|Total| |||||2023|2022| |||||6|8| ||Collections|||3,416|4,628| ||Donations|||3,961|4,960| ||Covenants|||3,501|6,221| ||Legacies||||243,388| |||||510,878|F259,197| |3.|CHARITABLE||ACTIVITIES|Total|Total| |||||2023|2022| ||Reading|room|sales|82,143|82,306| |4.|INVESTMENT||INCOME|Total|Total| |||||2023|2022| ||||||E| ||Rent|||135,236|130,413| ||Dividends|and|interest|89,780|112,020| |||||f225,016|6242,433| ## ## |5.|ANALYSIS OF EXPENDITURE|ANALYSIS OF EXPENDITURE|||Direct|Grants||Support|Total|Total| |---|---|---|---|---|---|---|---|---|---|---| ||ON CHARITABLE ACTIVITIES||||Costs|funding||costs|2023|2022| |||||||6|||6|| ||Salaries
Fees- organist and soloists||||30,706
14,107|||41,337|72,043
14,107|89,622
18,180| ||Reading
room purchases||||5,814||||5,814|5,381| ||Lectures||||9,122||||9,122|4,892| ||Grants/subsidies
paid (note|7)||||16,985|||16,985|34,248| ||Church maintenance|||||||13,409|13,409|41,483| ||Telephone,
light and heat|||||||8,970|8,970|10,161| ||Printing
and stationery|||||||2,485|2,485|3,352| ||Insurance|||||||5,128|5,128|6,744| ||IT Support|||||||1,088|1,088|2,536| ||Bank charges|||||||410|410|558| ||Membership
fees|||||||1,120|1,120|1,190| ||Investment
property
professional||fees|||||7,269|7,269|5,181| ||Investment
property
refurbishment|||&||||||| ||maintenance|||||||793|793|11,880| ||Investment
property
utilities|||||||||2,938| ||Miscellaneous
expenses|||||||56|56|| ||Governance
costs - Audit fees|||||||3,600|3,600|4,078| ||Depreciation
ofchurch
building|||||||4,376|4,376|67,894| ||Depreciation
ofequipment|||||||2,855|2,855|3,674| ||Travel expenses|||||||||4,561| ||||||859,749|816,985||692,896|6169,630|6318,639| |6.|ANALYSIS OF COMPARATIVE||DIRECT||Direct|||Grant|Support|Total| ||AND SUPPORT COSTS BYACTIVITY||||costs|||funding|Costs|2022| ||Church
activities||||666,576||f34,248||9217,815|8318,639| |7.|ANALYSIS OF GRANTS||||Donations||Donations|||| ||||||to|||to|Total|Total| ||||||institutions||individuals||2023|2022| ||Church activities||||616,000|||6985|616,985|834,248| ||Recipients ofdonations
to|institutions|||||||2023|2022| ||Hawthorne
Trust Limited||||||||5,000|20,000| ||The Aid Fund||||||||1,000|1,000| ||Glass Door Homeless
Charity||||||||1,000|2,000| ||TMC Emergency
Relief||||||||1,000|1,000| ||Easter Camp Donation||||||||1,000|1,000| ||Sunrise ofAfrica||||||||1,000|1,000| ||Mountlands
Trust Limited||||||||5,000|5,000| ||Joint CS Reading
Room|||||||||1,000| ||Polish Church|||||||||2,000| ||Focus Donation/Junior|Focus|||||||1,000|| ||||||||||F16,000|F34,000| ## ## ## ||||| |---|---|---|---| |STAFF|COSTS|2023|2022| ||||8| |Salaries|and Wages|70,476|87,695| |Social Security Costs||732|889| |Pension|Costs|835|1,038| |||272,043|889,622| |The average
number ofemployees,||2023|2022| |analysed|by function was:|Number"|Number"| |Church|Services|1|2| |Reading|Room|2|2| |Church|Building|1|1| |Management
and Administration||1|2| |||5|| ## ## ||Total remuneration
received
by key m|anagement
amounted|to 8NII (2022: fh|lil).|| |---|---|---|---|---|---| |9.|TANGIBLE FIXEDASSETS|Freehold|||| |||Property||ONce|| |||Church|Property|Furniture
&|| |||Building|Improvements
E|Equipment
f|Total
8| ||~Ct
V
I||||| ||Balance at 1 October 2022|1,200,000|978,323|107,121|2,285,444| ||Additions
in the period||||| ||Disposals
in the period||||| ||Balance at 30June 2023|1,200,000|978,323|107,121|2,285,444| ||~rg)8()on||||| ||Balance at 1 October 2022||972,486|100,635|1,073,121| ||Charge for the period||4,376|2,855|7,231| ||Eliminated
on disposal||||| ||Balance at 30June 2023||976,862|103,490|1,080,352| ||Net BookValue at||||| ||30June 2023|1,200,000|1,461|3,631|1,205,092| ||Net Book Value at||||| ||30September 2022|61,200,000|F5,837|F6,486|E1,212,323| ## ## ||||| |---|---|---|---| |INVESTMENT PROPERTIES||2023|2022| |Market Value at 30June 2023 and 30September 2022||65,100,000|F5,100,000| |a sis of inv
P|rtles||| |6Wrights Lane||3,625,000|3,625,000| |51 Iverna Gardens||100,000|100,000| |156/156A Fulham Road||1,375,000|1,375,000| |||55,100,000|65,100,000| |Meadowcroft|Sur|veyors|L|LP. In the op|in|ion ofthe|Trustees, the current value is not materially|different.| |---|---|---|---|---|---|---|---|---| |11.DEBTORS|||||||2023|2022| |Prepayment
and||accrued||Income|||5,647|828,338| |Other debtors|||||||1,120|| ||||||||F6,767|528,338| |12.WAVERTON|INVESTMENT PORTFOLIO||||||Listed Investments|| ||||||||2023|2022| |||||||||6| |Market Value|at|1 October 2022|||||4,913,317|4,935,386| |Charity
Property||Fund|at|1 October 2022|||152,'I33|128,410| ||||||||5,065,450|5,063,796| |Additions
at cost|||||||980,478|1,598,134| |Disposals at|market value||||||(942,445)|(1,293,608)| |Unrealised
gain/(loss)|||on|marketable|securities||146,784|(302,872)| |Market Value|at|30June||2023|||55,250,267|55,065,450| |The historical|cost ofthese investments|||||amounts|to 64,431,868(2022; F4,360,332).|| |Analysis of|investment|||gains/(losses)|||2023|2022| ||||||||6|| |Unrealised
gains/(loss)|||on revaluations||||146,784|(302,872)| |Realised gains/(losses)|||on disposal||||38,682|(35,022)| ||||||||6185,466|6(337,894)| ## ## ## ||||| |---|---|---|---| |CREDITORS: Amounts|falling due within one year|2023f|2022f| |Accruals||23,380|20,570| |Other creditors||6,995|6,348| |||F30,375|f26,918| ## |||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |14.|UNRESTRICTED FUNDS||||||||Fixed|| ||||||General|Youth|Building||Assets|| ||||||Reserves|Fund
f|Fund
f||Fund
f|Total
f| ||Balance at 1 October 2022||||2,453,341|16,747|2,703,640||6,312,323|11,486,051| ||Surplus
for the period||||223,637|||||223,637| ||Transfers
between
Funds||||12,180|(4,949)|||(7,231)|| ||Balance at 30June 2023||||f2,689,158|f11,798|f2,703,640||f6,305,092|F11,709,688| ||||||||||Fixed|| ||||||General|Youth|Building||Assets|| ||||||Reserves
f|Fund
f|Fund
f||Fund
f|Total
f| ||Balance at 1 October 2021||||2,571,785|16,747|2,703,640||6,384,421|11,676,593| ||Deficit for the Year||||(190,542)|||||(190,542)| ||Transfers
between
Funds||||72,098||||(72,098)|| ||3
I
t306 pt
0|2022|||52453341|576747|52703640||56312323|511466051| ||The designated
fixed asset||fund represents
the net book value oftangible||||||fixed assets and|investment| ||properties.
The designated||youth
fund represents|||money due to be spent|||on youth
in the future. The|| ||designated
building
fund represents
the funds arising
from the sale ofthe||||||||old Church premises,
held for|| ||major repairs or improvement|||works orthe acquisition
ofnew buildings.||||Transfers
between||funds| ||represent the movements|on fixed|||assets.|||||| |15.|ANALYSIS OF NET ASSETS||||||||Fixed|| ||BETWEEN FUNDS||||General|Youth|Building||Assets|| ||2023||||Reserves
f|Fundf|Fundf||Fund
F|Total| ||Fixed Assets||||||||6,305,092|6,305,092| ||Marketable
Securities||||2,546,627|-|2,703,640|||5,250,267| ||Other Net Current Assets||||142,531|11,798||||154,329| ||Balance at 30June 2023||||f2,689,158|F11,798|f2,703,640||F6,305,092|F11,709,688| ## |parative
information
for the analys|is
ofnet assets|between
f|unds
in the pre|vious
year is|as follows;| |---|---|---|---|---|---| |||||Fixed|| ||General|Youth|Building|Assets|| ||Reserves|Fund|Fund|Fund|Total| |2022||||8|| |Fixed Assets||||6,312,323|6,312,323| |Marketable
Securities|2,361,810||2,703,640|-|5,065,450| |Other Net Current Assets|91,531|16,747|||108,278| |Balance at 30September 2022|62,453,341|616,747|62,703,640|86,312,323|F11,486,051| ##