## |||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)|