COVENfRY DIOCESAN TRUSTEES (REGISTERED) FllYANCtAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Registered Charlty Number 249165
COVENTRY D10CA4 TRUSTEES (REGISTERED) Fknn¢lal Ststements for the yer ended 31 December 2023 CONTENrs Le and Administrative Infornjation Thte¢S Report Statement of Trustees R¢8p)n8ibiltties 1rn1¢pendent Examiners Report ststement of F3nanGial Activitie4 Balance Sbe£t Not69 to th¢ Aixounts 8-12 STATEMENTS WHICH DO NOT FORM PART OF THE FINANCIAL STATEMEf4TS Staian¢nt of Financial Activities for ihe C J B Meacham Trust 13 Statement of Financial Activities for the Philip Faulks Memorial Bell Repair Fwid 14 Statement of Financial Activities for the Torr¢ Trust 15 Custodi81 Fund Movements Srn 16 P0¢hIdI Church Councils . Investment Funits 17-21 PCC -De)SIts with CCLA luvestment M8DAgement Limit&1 22
COVENTRY DIOCESAN TRUSTEES (REGISTERED) L4g*l And Admlnlstradve Informatlon for the year ended 31 Deeember 2023 Coventy DI0 Te9 (Register•J) ig a charity registered with thc CharAty Con]nus8ion pursuant to the Charitie8 Act 2011 under charity registration number 249165. The clwity opffates in accord4nce with Charity Commi10 Schemes. Following the TNstee8 Act 2000 the trnstees hav¢ 8¢nttaI power of investment. S¢¢retary Mr8 J Dymor 8 & 9 The Quadront Coveaty CVI 2EG Prknelp¥l Addres• 8 & 9 The Quadrant Coventy CVI 2EG Sollcltors liothetharn & Co 8 & 9 The QuadraDt Coventy CVI 2BG Accountsnts Annstrong3 Bishop Simmons Limited Chartered Actollntants attd TAX Advi8<TS G¢thin House 36 Bond Street Nuneaton Warwicksbire CVI14DA Pagc I
COVEF4TRY DIOCESAN TRUSTEES OiEGISTERED) Trustees, Report for the year ended 31 Dember 2023 The tntee5 confinn that the financia] statements for thc year ended 31 December 2023 mply with the statutory requir¢m¢nts and th0 of the trn8tees' gov¢rning schemes. Organlsatlon and ObJetti OrganisatioD The trnslw during the year and to th¢ dat¢ of this report were as follows'.- David Mander, Chairman The Right Reverend Ruth Worsley Acting Bishop of Coventry Archdeacft Missioner The Venerable Bany Dugmore The Reverthid Canon James Canning Stephen Davenport Christopher Jvhn David Jon¢s Jaqueline L2dds Graham Der¢k Bryan Hindl¢y Robert John Kyna8ton Morton Jolm t£e Anderson The Revwend Steph¢n Eric Gold Governing Instruments The In1¢¢$ are govemed by a ¥cheme of the Charity Commissioners of 31 Mah 1920 as NKaTied by scheme8 of 31 Octobtr 1973 and 4 Dec¢mber 1985. Supplementary Scheme4 relate to individual tnssts. Th¢ twstees wetr incorporated under the Charitable Trustees InWryratIOn Act 1872 by a C¢rtific4t¢ of tncoTpor&tion on th¢14 May 1920. Charity Reglstratlon The Chlty is registero] with the Charity Commission pursuant to the a)lti¢3 Act 2011 under cl)arity l&nation number 249165. Objeets The g¢nor&l purposes of the trustees 8re the aquiring of real and personal prop¢ty of any nature by 8ny14wful rn¢ans and the hoJdin8 investin8 and applying tb¢ 8am¢ and the income thereof and th¢ proceeds of sales and mort8a8es ther¢of for or toward5 charit&ble pose$ of and in cot)nectton with the Church of Englftnd with. or in connc¢tiot) with the Dioces¢ of Covenlry and the tnte£S Hre the dioc&8an authority for the PUTPQS¢S of the Porocljial Church Councils (Pow¢rs} Mea5urc 1956 and the [njbents and Churchwardens (Tivsts) Measure Deeds #nd Securltle$ The deeds and securities held on behalf of the p0¢bIal tnjsts are held in parish boxes in the strong room of RotheTlwn & Co. Page 2
COVENTRY DIOCESAN TRUSTEES (REGISTERED) Trustees, Report for the yeAr eDd¢d 31 Decemb¢r 2023 Risk Management Th¢ trustees have given considerdtion to th¢ major risks to which the charity Is exposed and are Satisfied that, so far as the risks th¢y hav6 identified are coacerned, appropriate systems andpro¢¢dutts are in place to mitigate thok risks VAre possible. Allnu41 Revlew At their three meetings during th¢ year the Tnte&S dcalt with various minuted items principally cOnrnIng PrOrtIeS being disFK)sed of or acquired by ParoGhial ChuKh Counci18. The Trustees sought lo give guidance and pracllcal advice to parishes und to ensure thai parishes receiv professional advice in connection with all tran5aGtions. Th¢ Trustees hold some 140 properties as custodian trust¢¢ on behalf of parish tru funds. The Trustec5 5Kk to fulfAI their dulles positively in OrdanCe with their statutory rol¢ and to ¢arry forward the mission of the Church. The legal, administrativ¢ and accountancy costs of the DAocesan Trustees continue to be m¢L in fjjll. by the Coventy Diocesan Board of Financ¢ Ltd Th¢ costs for the year ended 31 December 2023 amounted to £33,000. Finance Revl¢w The Dio¢esan Trustees a5 a custodian body hol(ts investments on behalf of the Parhla1 Churth cow11$ and some incumbents and churchwardens but while not directing the mode of investments the trustees seek to ensure that Irust money5 are appropriately inv¢st¢d by parishes principally in th¢ appropriate accounts wilh CCLA Investmcnt Management Limited. Reserves Poliey Free resery¢s amounting to £4,688, being 8enernl funds, are held waiting qu¢Sts for assistan in avrdance with the ¢haritabl¢ objects of the charity or charities that may entitled to benefit therefrom. Future PIpdn$ and Commitm¢nls The Trustees will continu¢ to conduct their affairs nSIStent with th¢ir stslutory duties in a positive mann¢r to promote the rnission of the Church. Publlc Bellefit The Trnst¢¢s confjrm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when review&ng the aim5 alld objectives and in planning tllre a¢tivities for the year. On Behalf of the Truste¢s DAVID MANDER- Chainnall 25th S¢pt¢mber 2024 Pag¢ 3
COVENfRY DIOCESAN TRUSTEES (REGISTERED) Statement of Tru8tees' Responslbilities for the ye*r ¢nded 31 December 2023 The tsustces ar¢ responsible forprcparing the Trnstees, Report and th¢ financial statements in accordance with applic4ble law and Unii¢d Kingdom Aca)unting Standards (Unit&l Kingdom Gen¢to]ly Ated Accounting Prnctice). Th¢ law applicable to chariti¢8 in England and Wales requires the tnjsts to prare fingncial Slatcments for eath fman¢iaE year which give a true and fair view of the state of affairs of the charity und of the incoming resourres and application of resources of the ¢harity for that poiod. In preparing thcse financial sthtements, th¢ are rquiTed to: Select suitsble accounting policies aod then apply them consistcnt]y, Ob8wve the method8 and ptirAciple& in Ihe ChltieS SORP. Mak¢ jUdgll¢llts and ¢iMat¢S that are TCa8onable and prudent. Prepare the financial statements on th¢ 80ing coacem ba8is un1¢88 it j8 inappropriate to presume that the charity will witinue in business. The Truste¢s responsible for keeping proper aCL1)ll1ng re¢ords th41 discli)8¢ With rcasonable accuracy al any lime the financial position of the tharily ond enable th¢m to ensure that tht financial statements comply with the ChaTitias Act 2011 and the provisions of the Int d¢ed They ar¢ also responsibl¢ for 8afe8uarding the assets of the charity and henc£ for takmg r¢asonable steps for the prevention and dele¢tion of fraud and other The trustees ar¢ respon3ible for the mtiintenancc and integrity of the charity and financial inforniation included on the tharity'$ website. Le8islation in the United Kin8dom gov¢rning the prepardtion and dissemination of fitwicial slai$3ments may differ from Icgi$lation iti oth jUTisdictiOD8. Page 4
Independent Exanther'¥ Report to the Trn8t¢e$ of COVENTRY DIOCESAN TRUSTEES OiECISTERED) I report to the charity trnslees on my ¢xomination of the accounts of the clwiiy for the year tTrJed 31 Decejnbtt 2023, which are s¢t out on pag¢s 6 10 12. Re&pousilIt1U And b1$ of report As the chatity's trnsiees you are r¢sponsibl¢ for the prparatiott ofthe 8CC4)wit$ in ac¢ordanc¢ with the quirements ofthe ClJaTities A¢t 2011 ('th¢ Act.). I rert iu re5pert of my examthaiion of the charity's Aceouuts cwried out wrLdu se¢tson 145 of the Act aDd in carying oyt my examination I have followed all the 4)plie¥ble Diwtiolls 8iv¢n by the Clwiiy Commission under sectton 145(5)(b) of the A¢1. tndependent examltter'g StAt¢mellt I have completed my exarnillation. l ¢onfJrn] that no rnatal m81t¢rs have com¢ to my attention tn CODne¢tion witli tbe examination giving nie cause to believe that in ally m8t¢rial respeth". A¢¢OUDting rec(rds were kept in rw of thc charity as requir&1 by 8Ktion 130 of th¢ 2. the aeeounts do not 0rd with thos¢ ncords" OT 3. the accounts do rLOt ¢¥)mply with th¢ appli¢abl¢ r¢quiTements ¢on¢erDing th¢ fonn and cOett of acoounls 8et out in th¢ Cknilies {A¢¢oullts alld Report) Regulations 21J18 other than any rtquirertient that the a¢wunts Biv¢ 8'tn and fair view. which is not a n)atter Considered as part of ttft independent ¢xaminatioll. I h&ve no ¢oncenJs and have come cros5 no other m8ll¢r8 in connethi0 with the exaD7ination to wbieh atterttson sbould be drawn in IlJi8 Trport in ord¢r to enable 8 proper undo¥tanding of th¢ accounts to be J Biggs FCCA CTA ATmstn)ng$ Bishop Stmm4)Ds lthllited Charter1 Aceoulltallts Gethin House 36 Bond Street Nuneaton Warwicksbire CVII 4DA 25 SYtr£fyV).¢(...2024 Page 5
COVENTRY DIOCESAN TRUSTEES OiEGISTERED) Ststernt of FinaneiRI A¢tivkie$ for the Ye ended 31 December 2023 Total Funds 2022 Geveral DeslgDated Restrleted EDdowmeut Fbjnds FuDdi Fullds Funds 21123 Nots Ineothe from., Investm¢nts 146 31.493 8.574 40213 38,185 31,493 8,574 40213 38.185 Eipend5turt tsn.. Charitsble &ctivitie8 ome di8tnTrIioll (7,019) (16,706) (24.051) (23,725) (12.824) (24.051) (23,918) io (31.070) (16.706) (47.776) (36,742) N¢t illcomeJ(txp¢nditure) 423 (8,132) (7,563) 1,443 Net gains on InvestD)ellts 97,745 19,221 116,906 (165,874) TraTb%fer behveu funds io Net mtsvemeDt In fuDd$ 146 98,168 (8.132) 19221 109,403 (164,431) Balances brought foThvard at l January 2023 4,542 1,052,149 74,661 204JOO 1,335,652 I,5?.083 Ba]ance8 cxrrled forward t 31 De¢ember 2023 4.688 1,150,317 66.529 223 21 1,445,055 1,335.652 The Chantys income for the year is dw]v from its cotyiouing activities. Page 6
COVENTRY DIOCESAN TRUSTEES (REGISTERED) Balanee She¢t at 31 D¢cember 2023 2023 2022 Fixed Assets Illv¢5tm¢nts IJ60,191 1,243,225 Current Assets Cash at Bank 85,997 93,560 Liabiliti. Creditors due within one year 1,133 1,133 Net Current Aets 84,864 92,427 Net Awts 1,445,055 1.335,652 Funds of the ehydrity Endowinent Funds RrACted Funds 223,521 66,529 204,300 74,661 Unrthicted Funds: Designated Funds General Fwids io 1.150,317 4.688 ,052,149 4,542 Total funds 1.445,055 1,335,652 The financial statements on pages 6 to 12 were approved by the Trustees and authori8¢d for issue on 25th September 2024 and are signed on their behalf by. DAVll) MANDER. Chaimlan Page ?
COVENfRY DIOCESAN TRUSTEES EGIsTERED) Notes to th¢ FIM#ndal StstemeDt8 for ib¢ y¢gr ¢nded 31 D¢umb¢r 2023 Principal Aecounting Pollele9 Basls of Aecoullthkg Coventy Diocuan Tntee8 (Re8iStered) 18 a oh4rAttbk b(wJy and a publAC Frtnefit entity. The fiD#ncia] ststan¢nts havtb¢cD pr¢par¢d in accord with th¢ Sl8t¢ment of Rwonvnended Practice for Charili¢s IFRS 102), and the akvlicable UK accounling standard (FRS 102.. Th¢ Financial Rq)orting Ststthrd applicabl¢ in th¢ UK aNI R¢pllblic of Irelattd). The fJDAneikl slatemeDts have been prep8red under the histQTical wst convention. Inrne tncomc is iD¢Jud¢d in the Ststement of Finaticial A¢tsvitie6 whert the tharity is legally entitled tr) i( uliitnat¢ re¢¢ipl is prot4bJe and the anKsunt to be r¢sl$ed c4n be qUtif1{ with reasoi)able aeLUtacy. Invkn¢ii¢ IT0¢ is counted for when reuivable. EndItre Expenditur¢ is xc0W¢d foron aD accruals basis and has keen Classifi under heading$ tha¢ ag8re8aie sin)ilar costs under eaeh eatC80ry of th¢ Ststu0rt of FinaryGi81 Activiti¢$. Grants payabl4 are accounted for etther iti fi1 w in P8T4 whert xuththis¢d, WIM the award of the grdni ha5 be¢n wifically conununicatol to the recipient or when PaTd if tbwe is no conuDuLi¢at20n lo thc 01P1¢llt in advance, and when any conditioy attaclung to the 8rnnt is outside the contsvl of the ¢hariry. Fuud Ae¢ouD¢kng The Genernl Fund is an utJrtttri¢t¢d incom¢ fiwd whith Terc]v 8vailabl¢ for use at the discretion of the trustees ifi furtbetance of the gener31 objectives of the clwity and which h8V¢ noi been daignited for oth¢r pu)SeS. DeS1ted fut¥ls ¢onyise UlljfMri¢t¢d in¢om¢ fid5 that hav¢b¢ert set asid¢ by the tn forparticu]arpwpose8. The aim and use of ¢a¢h designated fimd 18 S¢t oul iti th¢ note8. Restriethl are ndS which 4r¢ to bc wsed in a¢wrd*CwIth 8pecifi¢ restricti¢)ns impos&1 by donors or which have raised by the charity forpaiticular purpos. The aim and use of each re8trict¢d is set out in th¢ Th)t¢s. FAdowment funds are funds held on trust to be rd8ined for tbe ch817ty as Capit fimds. Where the whol¢ of tb¢ fundull1 be perni8n¢ndy maintsiti¢d it is knowll as peTmall¢nt endowmenL Where there ig o p)wtt of discrtion to ¢ov¢rt ettdowed fimd& into incorn4 th¢ fimd 15 ¢lass
s upcNJable endowne]LL
Page 8
COVENTRY DIOCESAN TRUSTEES (REGisfERED) Notsg to the Flnnclal Statements for the y¢ar euded 31 December 2023 Cu8todl4n Assets Funds held as custodlan trustee on behalf of connected thtie8 are ex¢luded from these financial stat¢m¢llts. 2 Charltsble Attlvlde$: Cost of activities in fiutberance of the chaTity$ obje¢ts Total 2023 Tot1 2022 UDrthtrlcted Restrl¢tsd Mandatd inc4)me to Coventy Di0San Board of Finall Limited Diocesan Stipends Fund Totye Trnst (Langley Chapd) ". In5ur8n¢e Fire s&ftey test Contr&butiow to ¢lc¢tri¢ity costs Organist BuiEdingTepairsldecordtin8 7.019 7,019 6981 1,241 1241 103.12 103 141.68 142 250 250 14970 14.970 1,179 97 200 4367 7.019 16,706 23,725 12,824 3 Trusteej None of the trustee& re1ved any remunwation or expenses during ¢ither the gUt or pTeVi0 year. Thcre ar¢ no lOYeeS of the charity. 4 Flxed Awet Investmonts Fair at l January 2023 Investment ia year tnveslment incomel gains 1.243,225 116,966 Fair value 31 Dec¢mb¢r 2023 1,360.191 Hisknical cost 31 Dec¢mbw 2023 37.205 Invwtsnents consist of holdin88 in common 11)strnent funds op¢rated by CCLA Management Limited. Investments are held primrtrily to provid¢ an return. Pa8¢ 9
covEy DIOCESAN TRusfELS (REGISTERED) F4otes to the FlnAnei81 St&temettts lor the year ended 31 December 2D23 S Cash It bank 8nd In hgnd 2023 2022 Lkposits with CCLA Jnv¢stmetit Nlan&8ement Limited 85,997 93,560 6 Ll8bllltie8:Credltors due within one year Torre Trust CredÈtors 1.133 1.133 7 Elldowment fund¥ The fimds of the charity include gifts and legacies whereby only th¢ in¢om¢ arisin¥ from the invesbn¢nts Gan be sp¢nt. BxlAnce Investment Gains BalAiice 31.12.2023 1.1.2023 Torye Trust Fund 204,3(M) 19,221 223,521 8 Restrl¢t¢d funds Th¢ funds of th¢ ¢hority inoludc sti1ClCd fimds comprising the followin8 uu¢xp¢nded balances h¢ld on trust io be applied for Specific putposts, Bal8D¢e 1.1.2023 BalAD¢e Income Expense8 31,12.2023 Toue T$( Fund 74.661 8,574 (16,706) 66,529 PaBe 10
COVENTRY DIOCESAN TRUSTEES IREGISTERED) oteg to the Financlthl Ststements foy the yeAr ended 3] December 2023 9 Purpose of restAeted fund8 Torre Trust The T0e Trust was established under a will datcd 13 Novnber 1906. The income from the capital of the Torre Trust is to be applied tn the maintenance in perpetuity of services in the Church of England Mission Chapel at Langl¢y in the PATisb of Claverdon or any fjJtUTC Chapel or Church which might be built in the humlet for tbe puwse of Church of England service8 and in th¢ r¢pairs of th¢ said Chap¢l and th¢ kwing of the adjoining ground in 10 De8igD3t¢d funds The fimds of tlie charity includ¢ unrestrict¢d funds whith thc trll5te hov¢ a18nated for a specific PUTpose. as follows: C J B Mea¢h4m Trnst.. The incnme arising from the bequest of th¢ late Chrles John Blood Meacharn known a6 Th¢ C J B Meacham Trtt has be mandaied to the Coventry Dioc&58n Board of Financ¢ Limited, a registered clwity, for crediting to the Diocesan Stipends Fund. Philip Faulk8 Memorial Bell Fund," Under the estate of Philip Faulks the Coventry Diocesan TSte¢S hav¢ be¢n bequeath the residue of that estate. IrA accordance with the wishes of Philip Fgu]ks the legacy has be¢n invested in a separate fund known as the Philip Faulks Memorial Bell Repair Fund. The income from ihat fimd h8s been g]located to th¢ Coventry Di¢)wan Guild of Church Bell RAng¢rn - Bell Repair Futsd. Old Milverton Dilapidations Fund: Following & review of the Genernl Fund it was eslEblished that the majority of the monies held in that fund was the accumulated ill¢ from the Old Milverton Dilapidations Fund. The incom¢ of tliat fjjnd was tr&llsf¢rr to the Diocesan Stipexjd Fund for the periods when the benefic¢ is 11 ie. there is an incumbent in pos( anij whell Ihe benefi¢c is vacant the incom¢ is diTeGled to a deposit account held on behalf of the PCC. P88e 11
COVENfR Y DIOCESAN TRUSTEES (REGISTERED) Notes to the FIDandal Ststemellts for tkn year end¢d 31 Deeember 2023 A of the fijnds is as fo]low$: Balan¢e Expend- 01.012023 Income lthre Bal#n¢e Tran$fer Invatments 31.122023 C J B Meacbam TTUSt Philip Faulk8.Memoiial Bell Futtd Old Milverton Dilapidations Fwid 234,714 7.019 (7,019) 22.082 256,796 804,211 24,051 (24,051) 75.663 879,874 13224 423 13,647 1,052,149 31,493 (31.070) 97.745 1,150,317 11 Analy¥ts of net 8iset8 bthve•n funds Net Current Assets Flxed As8el Investhient¥ Totsl FdoWM¢nt Funds Restricted Fullds Designated Fund6 Gen¢ral Funds 223,521 223,521 66,529 1.150,317 4.688 66,529 13.647 4,688 1,136.670 1,360.191 84,864 1,445.055 12 CllStodl*D Trusteè The Chlty acts a8 the custodiatt ttte and holds title ofsome 140 pn)ptrtie8 and investments OJ behalf of Parocbiai Church Counci18 ond iUMbellts and chur¢hwardens but d0¢8 not direet the mod¢ of investtnents. Dq)081ts and inve8ttlleuts held at 31 Dec¢mber 2023 totsll £7.640.784 (2022 £7.076,546) Page 12
COVEIYTY DIOCESAN TRUSTEES (REGISTERED) StAtement of Flnand21 Actfvltl¢s . Tbe C J B Me*ch•An Trngt For the year ellded 31 December 2023 Deslgn•ted Deslgnated Incomt Capltsl 2023 2022 Totsl Income from.. CCLA Investment Management Limited Inv&8tm¢nt fimd diVidS receivable 7,019 7,019 6,981 EIpendityr¢ on Charltable Expendithr¢ Donation Coventry Dioces8n BoArd of Finance {7,019) (7,019) (6,981) Net kn¢ome for the year Other r¢¢ognl$¢d galnJlOosse8) 22,082 22,082 (31,316) Net movement In funds 22,082 22,082 (31,316) Balance brollt fonv8Td 234,714 234,714 266,030 Balanct ¢aTried forward at 31 Deeenther 2023 256,796 256,796 234,714 Reprwented by. FAxtd Assets Bank deposii: CCLA InVtment Management Limitryj 256,796 256,796 234,714 Memora]Jdum historical cost 16.906 16,906 16,906 This pa does not form part of the financial staterneThts. Page 13
COVENfY DIOCESAN TRUSTEES (REGISTERED) Statement of Fln8nelal A¢dvltAes . The Phlllp FauJk5 MemorAal Bell Repalr Fund For the year ended 31 Detember 2023 Deslgnated Designated Intome CApltal 2023 Total 2022 TotAI In¢ome from: tnv¢51mcnt inGomc r¢ccivcd in year 24,051 24,051 23,918 Net Income for the y¢4r 24,051 24,051 23,918 Other re¢o8nlsed galns or losst5 Gains on inve8tments 75.663 75,663 (107,300) 24,051 75,663 99,714 {83,382) Paellts to Guild of Church Belbingers (24.051) (24,051) (23,918) 75,663 75,663 (107,300) Balance brought forward at l January 2023 804,211 804,211 911,511 BxlaDce earrfed fvrwor41 At 31 December 2023 879,874 879,874 804,211 Represented by: Tr]xed As$ets Inv¢stmcnts: CCLA Inve8tm¢nt Management Limited 879,874 879.874 804.211 Memorandwn historical ¢ost 681,497 681,497 681,497 Thispage do¢s not forni p8rt of the financial stateMts. Pag¢ 14
COVENTRY DIOCESAN TRiISTBES (REGISTERED) Ststernent olFAllaDcfal Actlvltles- Torre Trust For tht yeAr ¢nded 31 De¢etnb¢r 2023 EndoJvm¢Dt Caplt41 2023 Totsl 2022 Total Res¢rlrted Incorne from: CCLA Jnvestment Management Limited.. Investtllent fund dividends )rc¢ivable D¢po8lt bccowit interest reoeivabl¢ 6,110 2464 6,110 2.464 6,076 979 8.574 8.574 7,055 Expendtture oll Cbarhble Expendltsre: Iniulance Contiibution to electricity rA)8ts (1,241) (103) (142) (250) (14,970) (1,241) (103) (142) {250) (14.970) (1,178) (98) (200) Or8ainsl Builditig ryir8ldvoxaling (4,366) (16,7) (16.706) (5,842) Net (expendlturev Intome for tbe year {8,132) 1&132} 1,212 Otbtr reeogllised galnj and 1088e$ Gains on illve5tnJetits 19221 19221 (27,258) Net Movement In fund8 {8.132) 19221 11,089 {26.046) Balon¢a8 brought fOord 74,661 204,300 278,961 305,007 BAlinee8 elrrled fonyxrd at 31 December 2023 66.529 223.521 290,050 278.961 Reprented br. Flxed Assets Iuv¢slments'. CCLA InvesthJ8nt MAn4ement Limited Current AsRts Deposil wrth CCLA Investment Management Limited 223.521 223,521 204,300 66,529 66.529 74,661 Charitsbl¢ ExFthliture CreditQJ8 66,529 223,521 2W.050 278961 This pag¢ does not fonn part of the financial ststements. Po8e 15
COVENTY DIOCESAN TRUSTEES (HEGISTERED) CMtfdtAI FMnd• MovtmeDt For the yeAr ¢ud¢d 31 Dectmber 2011 Witb- Investsntnt B•l#n¢¢ drawalsl ([¥e) Im kne0nl 011211 Additions Di4)osd¥ rev•110 lu¢¢¢¢rt 31.122923 Markctvilue: Clxverdon RedJtti Room Accumulation slLares in Cjjaritiu Offi¢i&l tllV¢5trrLent Fulld IOJ44 1280 11,624 Coventry Illo¢esatt EodowDTreDt Fund Shares in CCLA InveAoheDt Mawcnt L4mid Inveytmeot FuThq 764,396 71,917 836J13 Pre•ton Bggot School 275 wilts M & G Charifjmd 4280 (334) St Jolth tht Bfiptlst Coventry AccLrnul8tiv¢ in Charities OtTicial Inyestrnut Fund 86,819 10.739 97,558 Foleihul Cvt L¢%4Cy Sharts iti lh¢ Fixed Inlcrtst Suritie8 Fund 8.049 449 8,498 Paroch1 Church CO¢1 ShaM the InveÈtttwt fund ulldet the Chur¢hFuJbts Investment Measure 1958 IpaBe 21) 5,640.799 (51,278) 522.484 6,112.W5 Ikpo$its with CCIA ]nvestmurt Manag¢m¢nt linJited (pa8c 22) 561,860 (8,(XlO) 16.979 $70,839 7.076,547 (59278) 623,515 7.640.784 Thispogr dou forn Wtof th# Page 16
COVENTRY DI(>CESAN TRUSTEES (REGLSTERED) Sehedk to the Flo1] Stt¢mettti for the yur 31 December 2023 PAroehl81 ChuTch Covncll Share8 ill the Jnv¢8thwit fund UDdcr the Churth F¥ttds Invtrnt Measure 1958 vu0110 21122 Gal (L•e1) ValuAtIo 2023 Addlflo AldenTritCr Ansty Sl James RepT& Jnsvrance Fund Arl¢y Hazel Aston CAJilow Cnce1 Fund AtherstoneAG H8Jl Tht Attkborou8b Avon Dassett ChurthyaTd Avon Dassett & F¢nDyCompton Barford B8rford The Watson Fund B¢audesert StNicholas Savings A¢wuDt Bedw(wth LegaciesAwow?t Berkswell Chwrchyard Fund Berkqwell Bety Hu88in8 M¢moTiAI Fund Biltork Bilton Mcmorial Chapel BiDley Pl¢ydell 32.814 20.039 14,876 106.051 10.083 4.649 2.727 63,612 7.707 35,331 L018 4,260 2,686 lo25 6,198 14.422 3,087 1,885 1.4¢XI 13,326 949 437 257 5,985 725 3J24 254 510 253 1,536 583 .357 159 778 1,839 1246 10,330 (147) 6S9 969 2,647 3,783 5,530 7,109 140 142 35.902 21,925 16,276 119,377 11,031 5,086 2.984 69,597 8.432 38,655 2272 4,770 1939 17.838 6,782 15,779 1,854 9,042 21,385 14.490 120,125 4.566 7.663 11.272 30,776 43.990 64.306 82.673 1.628 1.646 8365 19.546 13.244 109.795 4.714 Btaile8 Bzinklow H F Denyer RepÈir Fund Broom Chwch Budbrooke Budbmok¢ Churehyard Fund Busbill Thst Betkswell C C C Foley]hiU (Folesbtll School) C of E Temperance Society C8mp Hxll with Galley C(WUDQ 10,303 28,129 40207 58,777 75,564 1.488 Cheterton Mabbury B¢quc8t CATri¢d Forword 724.029 71.050 795.079 This page does not forni part of tbe fiDaD¢i8] stament& Page 17
COVENTRY DIOCESAN TRUSTEES OIEGISTERED) Sebeduit t• the FID#ndol Statements for the ye4r ended 3J Dee¢mber 21123 Catss y•00• 2023 2022 AddldoAS Dlipoi* BTought Forward Chilvm Colon Claridge B¢que6t Offchurch Cl8verdon PCC Clifford Chambers Churoh Clock Clifton on Duttsmore Combroke Dwig GTouttd Corley
rloyOrgkn Fwid Coughton Cook TrnBt Coughtott RTwJrance Cou8bton Chancel Repair Fnd Coventy All Saints cotyHOlY Trlnity Cowity St Anne Cowoty St Barbara Assistant Clergy Fnd Coventry St BarbAr#'s Coventry St [ke Cov¢nty St Ni¢holas Cvvcnty Si Paul Cov¢nty St Thomas CowlEy Beque Cubbington (J]bbillgton PCC Chur¢hd Tnt DarliaEscott Chwch BttiJJ8ton Thomas ABeckett F8rnborollgh Fauleonbridge Bequejt FIll¢8Y Taylor Bequesi Fillongley P¢ake Bequest Foleshill St tAurene¢ Coves Legacy 724.029 131.463 3,058 19.587 413 55.744 14,525 13.203 2.149 39,013 45,1gYI 162.684 33,265 47,108 7J55 28.451 16.281 5.227 147.933 45.291 2,521 11.157 4,463 8,471 39,742 5.579 2,562 9,091 4.835 8.492 77.162 8.099 6,467 218,OfA) 1022 71.050 12,368 288 1.843 39 5.245 1.367 1242 202 3.670 4252 15,306 3.130 4,432 795,079 143,831 3.346 21.430 452 00.989 15,892 14,445 1351 42,683 49,442 177.990 3&395 51.540 8.047 31,128 17J13 5,719 161.851 49552 2,758 12,207 4,883 9268 44.736 6.103 2,803 9.946 5.290 9291 84A22 8.861 7.075 238,576 2,677 1.532 492 13.918 4,261 237 1,050 420 525 241 855 455 799 7260 762 f118 20,516 Grefit P&¢kington Church Bl8ckw¢ll Lag Gtellt Packington Church L4ttds HaTtshill Old NJtion&l 8ehoDI C4m'ed Forward 1050.870 2,367 2,251,23? This page not fol ofthe fift¢181 8tat¢ments. Pag¢ 18
COVENTrY DIOCESAN TRUSTEES (REGISTERED) S¢beduit to the Fiti¥nda] Ststements for the yr ended 31 Decembtr 2023 V8luitlo AddldoD• DJ•poith (Losiu) Brousht Forward H¢thert Clergy Fund H¢nley in Arden Holy Trinitymission Fund- Coyetsty Holy Trinity M J Pickin Choir Cassocks Stratford Roninoll P&Tiyh Cbarity 2.050.870 22,831 10.323 4.256 200J67 2.148 360 400 225J.237 24,979 (10,683) 4,657 19.153 57.397 43224 6.591 10.372 1,802 5.4C 4.067 620 976 20,954 62,798 47290 7211 11,348 Jngrdm Bequest Napton Johns[ Ixgacy Keresley with Coundon Cburrh Fabric aint¢n8n¢¢ Kitiwarton dbr(Kbke Srlbin Smith Bequest l£aminBton All Saints A C F IMnin8ton Smith Le8a¢y L£amington Spa All Saints Bell knpe PuDd t£amiDgton Spa All Saints Hall LeAmillgton Spa thoTal Fund LnIng¢Ort St Paul Lzomin8ton Sl Paul DRT Lillin8tOD B¢ll Rope FurLd Lillin¥on Burt Thist LillingtOD-Hornsby [1 Con)ptDD tA)n8 Compton Tithe RedptiOll M E Hippi51cy Bequesl MoncetL¢r Thudow Bequest Mary Ann Daftern Tr&JsI Moiden Chur¢h Lend8 Meriden Chwchyard Milverton Churchyard Fund Milvertoll Dilapidati15 Fund 9236 2,769 3,781 158293 20.517 75,789 29.381 12,810 7.479 3.492 5,847 48,802 26.137 1.908 869 260 356 4,218 1,930 7.130 2.764 1,205 704 329 550 4,591 2.459 180 418 593 88 7.667 778 loi 380 10,105 3.029 4,137 102.510 22,447 82,919 32.145 14,015 8,183 3.820 6.397 53.394 28.596 2.088 4,862 6,895 1,017 89,155 9.048 1,175 4.385 48 6,302 929 81,489 8270 1,074 4,005 20 20 carr1 Forward 2.758,088 (10,683) 255,640 3,003.044 Thispage diJ¢B Yt form part of the financial statements. P&g¢ 19
COVENTRY DIOCESAN TRUSfEES (REGisfERED) Schedule to the FI91 Sts¢¢ment8 for th¢ yegr eydtd 31 December 2023 G#kn$ ValBlAo 20U Addi¢lom5 DIsy)iA Broughi Forward Mrs D M Mi)rtons Bequ&8t Nipton on the Hill M C Reading Be4ue6t New Billon St Matthew St Oswold New Bilton SpecÉ81 Fund Newbold on Avon Tithe Redernption Newbold on Avon Newbold on Avoll Hul¢hÉn& Tnt Newbold Pacey Wi88ill t£sa Old Milverton churchy Brurofitt Bequest Old Milverton Preston Bagot Riley Gifi Th¢PSIOn Bagot S¢hool Endowrnent Fund eston Bagot Chwchyanl Priors Hardwick PTiors Mornton FowlerTDJSt Profiuno Fund RadfoTd Semele St Niehola$ Chwch Salford Priors E E W JaThes 12ga¢y Sch¢Jol Houses Clwiry Chutrh LAwf(srd Shilton Andrews Trn$t Shipston Syrton5 Gift Snittttfi¢ld St Andrew Rugby Jeffery & Cox StAnne8 Mission Fwid- Covenlry StAune'3 Siddeley TNsi- Coventy St Oile& Exball-Ril¢y 18•¢y St Johns Leamingion Spa St J1¢5 Weelhley St Lawrence Shott¢swell St Matthew Rugby St Peter CO St Peter Ru8by 2,7S8.088 11550 5.083 7J49 9,670 11.405 537 144,258 6,012 9.339 8.058 4,690 39,106 1,612 21.612 86.385 14,463 285.375 6,715 23,182 102,666 63,100 6,033 1,488 4256 16570 226,144 8,513 818 94233 2.727 8,389 {10,683) 255.640 1.087 478 691 910 1,073 51 13.372 622 879 758 3,003,044 12,636 5.561 8.041 10.579 12.478 588 157.830 7.234 10,218 8,816 5.131 42.785 1.763 23,645 94,513 15,824 312,224 7,347 25,363 112,326 69,037 6.001 1.628 4,657 18.129 247.420 9,313 3.679 152 2.033 8.127 1.361 26,849 632 2,181 9,659 5,937 568 1.559 21.276 801 30 8,866 257 789 9) 103,098 2.984 9.178 Cled Fon¥Ard 4.(M)2,334 (11.532) 372,656 4,363.459 Thi$ pag¢ does not fonn part of the fmancial statemeD Page 20
COVENTRY DIOCESAN TRUSTEES (REGISTEBED) Sebeduie ts th¢ Fkn•nclal St*tem¢nts f•r the year ended 31 Deeekn 2023 vtIOD 2022 V4110 Add£tloa• Dl•poo811 BroughtFonv8rd St Peterfs Church Land. Kio¢ton Stsrf(td PCC forLuddingtoii stratft St I¢$ Thst Sustent#tion Fund SymousoSI¢y-Burni1g1OTr son$1B03l¢y-HOn1t1glo1J Temple Orafton ChuTth Preston Ba8Ot Sthool A¢wurtt Tithninstort and Shipslon OJJ Sio Tithc Red¢mptAon 4,002,334 69,719 50264 72,691 201.573 13,843 13.843 3,471 59.154 13,740 30.083 13.347 3,017 282.0¢)7 4,174 24.876 13,079 84.763 917 22,686 39,091 7.108 5.083 2.872 5.827 271,181 4,463 23.099 6,240 14.174 35,910 193,113 (11.532) 372,656 6,559 4,729 6,839 18.965 4,363.459 76279 79.530 220,537 13,843 15.146 3,798 fA,719 13,033 32,913 14,603 3.300 3¢)8.540 4,566 27217 14J09 92,738 1.003 24,821 1.302 327 5,565 1293 2,830 1,256 Tredington Jnc¢ Bequeyt Tredington W S Fund Ufton Preston Bagot- Ryland Bequest C]aitrdon C of B S¢hwl Fund Vicar attd Churehw8YdeD8 of Stonelei8h WAdl&thd FC Wappersbury Chuzch)Yrd Warwick Clxton Book WaNiok St Mary Morley Gift W&trllAn Bequest Wdlsbown¢-OSB Williiughby Stipend Withybrook School Wolford Churchyard Wolford PCC Wolverton Campton Trust Woott¢n Wawen chchrd WoDtt¢n Wawen Woot(on WaweJ.I>¢nts Keyt¢ Lxg4¢y Worc¢8t¢r Cath•aral Kings Sehool 26,532 393 2,340 1230 7,975 86 2.134 655 669 478 270 548 25J14 420 2,173 587 lJ34 3,379 18,169 4,992 139,746) 7.776 5J61 3.142 6,375 296,095 4.883 25273 6,827 15.507 39.288 212,282 5,640,799 (51 J78) 521484 6.111005 This pa8e doei ttot fornip8rt of the fllwi¢ial statements. Pa8e 21
COVENTRY DIOCESAN TRUSTZES IREGISTERED) Sebtdmle to th¢ Trlllaneial Ststements for the yeAr ended 31 December 2023 Dtpo8its witb CCLA lllvestment M•nagewtMt Llmlted Balance 31 December 2022 Balance 31 December 2023 Income/ Depojlts interest WithdrxJv4ls Ansley St Johns Mission Avon Dassett attd Fenny Compton BuTton Dassert B¢rksw¢ll Eberdll Berkswell Bu5bill Bequest Combmke Drying Ground Chcrington Chilvets Coton Smith Charity Corley Organ Cov¢nty ADgltcan Council Social Aid Coventry St maarets sole proceeds Farlson St Barb2rd Curates Houses Fund Foleshill St IAwenoe .property fijnd Gaydon C E Scbool Honilry & Wroyjdl Abbey Meriden Church Lttnds Newbold on AVO Hutehins Trnst ReturneA fFIFISF Dividends St Mary & St Nicholas Bellrittgern Tntst Stockingford Si Paul Stoneleigh.. Hollick Tnt Tithe TredingtOTt Willam Smyth Fw W¢xford .2nd Codi¢il" Bequest Withybrok SchooVS¢hool House Sale Straiford St James TnL8t 17,435 6,809 96 13.144 17.310 3.313 8,860 974 6,148 32,304 200 56,590 2,183 ,323 12.902 3,505 85.704 17.435 952 2.143 (8,000) 13,144 18,176 3.313 9.030 1,005 6.410 34,555 200 58.403 2253 8.590 13.315 3.617 88,451 707 4.373 47,826 866 170 31 262 1252 1,814 70 267 413 2.747 22 136 1,485 4,237 46.341 82,850 5.301 4,045 86,895 5.301 4.394 137.213 141 4,535 137213 561,860 16,979 (8.000) 570,839 This pa8e not fony) ikn of the fancIal slatements. PA8e 22