| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Trustees' Report | 2 | to | 3 |
| Report ofthe Independent Auditors |
4 | to | 6 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 9 | to | 13 |
| Detailed Statement ofFinancial Activities | 14 |
| FORT | HE YEAR ENDED 31DECEM | BER 2023 | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | 8 | ||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Charitable | activities | ||||
| Community | activities | 3,295 | 38,598 | ||
| Investment | income | 375,276 | 290,379 | ||
| Total | 378,571 | 328,977 | |||
| EXPENDITURE ON | |||||
| Raising funds | 14,124 | 66,083 | |||
| Charitable | activities | ||||
| Community | activities | 270,001 | 494,565 | ||
| Total | 284,125 | 560,648 | |||
| Net gains/(losses) on investments |
1,121,941 | (912,236) | |||
| NKT INCOME/(EXPENDITURE) | 1,216,387 | (1,143,907) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds | brought forvvard |
10,541,063 | 11,684,970 | ||
| TOTAL FUNDS CARRIED FORWARD | 11,757,450 | 10,541,063 |
| BALANCESHEKT 31DECEMBER2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Unrestricted | Total | ||
| Notes | fund 8 |
fundsf | |
| FIXEDASSETS | |||
| Tangible assets | 366,959 | 366,959 | |
| Investments | 10,971,136 | 9,842,150 | |
| 11,338,095 | 10,209,109 | ||
| CURRENT ASSETS | |||
| Debtors | 195,806 | 120,000 | |
| Cash at bank | 250,949 | 244,994 | |
| 446,755 | 364,994 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(27,400) | (33,040) | |
| NKT CURRENT ASSETS | 419/55 | 331,954 | |
| TOTAL ASSETSLESSCURRENT | LIABILITIES | 11,757,450 | 10,541,063 |
| NET ASSETS | 11,757,450 | 10,541,063 | |
| FUNDS | |||
| Unrestricted funds |
11,757,450 | 10,541,063 | |
| TOTAL FUNDS | 11,757,450 | 10,541,063 |
| Investme | nt management costs |
||
|---|---|---|---|
| 2023f | 2022 | ||
| Portfolio | management | 10,764 | 66,998 |
| Foreign | exchange differences | 3,360 | (915) |
| 14,124 | 66,083 |
| Trustees' expenses | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| f | f | ||||||||
| Trustees' expenses | 69 | ||||||||
| 5. | TANGIBLE FIXEDASSETS | ||||||||
| Freehold | |||||||||
| property | |||||||||
| COST | |||||||||
| At I January 2023 and 31December | 2023 | 366,959 | |||||||
| NET BOOK VALUE | |||||||||
| At 31December 2023 | 366,959 | ||||||||
| At 31December 2022 | 366,959 | ||||||||
| FIXEDASSETINVESTMKNTS | |||||||||
| Cash and | |||||||||
| Listed | Unlisted | settlements | |||||||
| investments | investments | pending | Totals f |
||||||
| MARKET VALUE | |||||||||
| At I January 2023 | 9,101,343 | 497 | 740,310 | 9,842,150 | |||||
| Additions | 11,041,386 | 11,155,652 | 22,197,038 | ||||||
| Disposals | (10,284,703) | (11,895,962) | (22,180,665) | ||||||
| Revaluations | 1,112,613 | 1,112,613 | |||||||
| At 31December 2023 | 10,970)639 | 497 | 10,971,136 | ||||||
| NKT BOOK VALUE | |||||||||
| At 31December 2023 | 10,970,639 | 497 | 10,971,136 | ||||||
| At 31December 2022 | 9,101,343 | 497 | 740,310 | 9,842,150 | |||||
| f | |||||||||
| Value ofinvestment assets held in the UK |
10,971,136 | ||||||||
| Value ofinvestment assets held outside UK |
Nil | ||||||||
| The following are single investments |
representing | over 5%ofthe total | investment | holdings; | f | ||||
| CBFChurch ofEngland Investment | Fund - Income Shares | 10,970,639 |
| Listed | Unlisted | ||||||
|---|---|---|---|---|---|---|---|
| investments | investments | Totals | |||||
| Valuation in |
2023 | 467,418 | 467,418 | ||||
| Cost | 10,503,221 | 497 | 10,503,718 | ||||
| 10,970,639 | 497 | 10,971,136 | |||||
| DEBTORS: | AMOUNTS FALLING DUK WITHIN ONK YEAR | ||||||
| 2023 | 2022 | ||||||
| Other debtors | 120,000 | 120,000 | |||||
| Prepayments | and accrued income | 75,806 | |||||
| 195,806 | 120,000 | ||||||
| CREDITORS: AMOUNTS FALLING DUK WITHIN ONK YEAR | |||||||
| 2023 | 2022 | ||||||
| Accruals | and | deferred income | 27,400 | 33,040 | |||
| MOVEMKNT IN FUNDS | |||||||
| Net | |||||||
| movement | At | ||||||
| At 1.1.23 | in funds | 31.12.23 | |||||
| f | |||||||
| Unrestricted | funds | ||||||
| General | fund | 10,541,063 | 1,216,387 | 11,757,450 | |||
| TOTAL | FUNDS | 10,541,063 | 1,216,387 | 11,757,450 | |||
| Net movement | in funds, included | in the above | are as follows: | ||||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| 6 | f | 6 | |||||
| Unrestricted | funds | ||||||
| General | fund | 378,571 | (284,125) | 1,121,941 | 1,216,387 | ||
| TOTAL | FUNDS | 378,571 | (284,125) | 1,121,941 | 1,216,387 |
| Compara | tives | for moveme | nt in funds |
|||||
|---|---|---|---|---|---|---|---|---|
| Net | ||||||||
| movement | At | |||||||
| At 1.1.22 | in funds | 31.12.22 | ||||||
| I | ||||||||
| Unrestricted | funds | |||||||
| General | ftmd | 11,684,970 | (1,143,907) | 10.541,063 | ||||
| TOTAL | FUNDS | 11,684,970 | (1,143,907) | 10,541,063 | ||||
| Comparative | net movement | in funds, included | in the | above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||||
| resources | expended f |
losses f |
in fundsI | |||||
| Unrestricted | funds | |||||||
| General | fund | 328,977 | (560,648) | (912,236) | (1,143,907) | |||
| TOTAL | FUNDS | 328,977 | (560,648) | (912,236) | (1,143,907) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.22 | in funds | 31.12.23 | ||
| Unrestricted | funds | |||
| General fund | 11,684,970 | 72,480 | 11,757,450 | |
| TOTAL FUNDS | 11,684,970 | 72,480 | 11,757,450 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources 8 |
expended | lossesI | in fundsf | ||
| Unrestricted | funds | ||||
| General fund | 707,548 | (844,773) | 209,705 | 72,480 | |
| TOTAL FUNDS | 707,548 | (844,773) | 209,705 | 72,480 |
| FORTHE YEAR ENDED 31DEC | EMBER 2023 | ||||
|---|---|---|---|---|---|
| 2023f | 2022 | ||||
| INCOME AND ENDOWMENTS | |||||
| Investment income |
|||||
| Investment income |
375,276 | 290,379 | |||
| Charitable activities |
|||||
| Members contributions |
31295 | 38,598 | |||
| Total incoming resources |
378,571 | 328,977 | |||
| EXPENDITURE | |||||
| Investment management |
costs | ||||
| Portfolio management | 10,764 | 66,998 | |||
| Foreign exchange differences | 3,360 | (915) | |||
| 14,124 | 66,083 | ||||
| Charitable activities |
|||||
| Trustees' expenses | 69 | ||||
| Sundries | 212 | 633 | |||
| Sisters nursing | 34,547 | 257,856 | |||
| Sisters funeral costs | 7,369 | 4,682 | |||
| Sisters expenses | 265 | 2,676 | |||
| Travel costs | 13 | ||||
| Properly costs | 12,060 | 714 | |||
| Donations made | 158,500 | 164,500 | |||
| 213,035 | 431,061 | ||||
| Support costs | |||||
| Management | |||||
| Legal and professional | fees | 39,566 | 45,864 | ||
| Governance costs |
|||||
| Auditors' remuneration |
8,160 | 7,800 | |||
| Legal k professional | fees | 9,240 | 9,840 | ||
| 17,400 | 17,640 | ||||
| Totalresources expended |
284,125 | 560,648 | |||
| Net income/(expenditure) | before gains and losses | 94,446 | (231,671) | ||
| Realised recognised | gains | and losses | |||
| Realised gains/(losses) | on | fixed asset investments | 654,523 | (147,963) | |
| Net income/(expenditure) | 748969 | (379,634) |