Reglstered numb8r= 00006039
Charity numb8r'. 253206
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
*ACBLZJ
07mm3
COMPANIES HOLtsE

'.T.HÈ GENEK4L*CONFERENCE OF::THE'NEW CHURCH"..
,'IA-.company.-liinitèd;"by..guararite'ej.
CONTENTS
Page
Rèf¢rènce and administrative deta•ls of th¢ Charity. its TYust•È$ and advisèrs
Trustee$, report
Independent auditors. report on the financial statements
8-11
Statement of financial actlvities
12
Balance shee¢
13
Statement of cash tlows
14
Notes to the financial statements
15-31

T.HE-GENERAL:CONFERENCE'OF.'T.HE NEW':CHUR"CH:. '.¥.:.
jA.company limited".by.:guaranteel.
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
Margaret L Cowie. Chainnan
Nigd K Sullon, Vice-chairman
Reverend Robert A Gill
Revèrènd Bruce R Jafvis
P8Ltrline A Grimshaw
Susan Chesworth
Robert TO￿01
Company registerèd number
00006039
Charity register8d number
253206
Registered office
Purley Chase Cenlre
Purley Chase Lane
Mancetter
Atherstone
WaThvickshire
' CV9 2Ra
. Trust Corporation
The General confer￿Ce is a Tnjst c(Xp)rab.(￿ '
Company secretary
Margaret L Cowie IA¢ting Company se¢￿tary to 6 November 20221
Susan N Wel¢h IAppointe(17 NovembeT 20221
Othèr offic• holders
Rachael J8ggs- Company Ac¢ountant (Appointed 1 Apfil 2022)
Revd Jack Dunion and Revd Helen Brown - Joint Spiritual Leaders
Indèpendent auditors
Bates Weston Audit Ltd
Stalulory Auditors
Chartered Accountanls
The Mills
Canal Street
Derby
DE12RJ
Page 1

jA-:corrip.any..IiTllited"""by:"guaranteel.=-.)."..'.
REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE CHARrrY. ITS TRUSTEES AND ADVISERS
ICONTINUEDI
FOR THEYEAR ENDED 31 MARCH 2023
Bankers
The Royal Bank of Scotland plc
41 Commarket
Dèrby
DE12DH
Santander
Boolle
Merseyside
L30 4GB
Solicitor5
Harris & Harris
14 Market Place
Wells
Somerset
BA5 2RE
lrtvèstment Managers
Ne￿0￿ Investment Managemer7t ￿"MIle￿
- BNY Mellon Centre
160 Queen Victoria Street
L,ondon
EC4V 4LA
.Rathbone Investment Management ￿"mIle(l
8 Finsbury Circus
London
EC2M 7A2
Accountants
Bates Weston LLP
Chartered AcGountants
The Mills
Canal Street
Dert)y
DE1 2RJ
Page 2

?'ITHÉ,GENERAL-C.ONFERENCE..OF..THE:NEW.CHURCH::
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees Iwho are also directors of the charity for the purposes ol the Companies Acti present their annu81
report together with the audiled financial statements of The General Conference of the New Church (the
company) for the year ended 31 March 2023. The Tru5lees confirm that the annual report anos financial
statements ol the company c<Nnply wth the current statutory requiremènts, the requirements of the company s
governing document 8nd the provisions of Financial Repo￿Tr9 Standard 102 IFRS1021.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing Document
The organisalion Is a charIta￿e company limited by guarantee. Incor￿raIed 16 February 1872 and
registered as a charity on 11 July 1967. The company was established vnder a Memorandurn of A5sociatyon
which established the obie¢ts and powers of the Charitable ¢ompany and is govemed under its Articles of
Associab"on. In the event of the company b￿n9 wound up, members are ￿quired to contribute an amount not
exceeding £5.
Recruitmènt and appointment of new tnjstees
The Board of Trustees Ilhe Counall should consist of eight member5. electe¢J by the voting members at'lhe
ann¢Jal meetings of the Chaiity. who. *ith the Company Secretary and Cofflpany Accountant, admintsler the
Charty. Under the temis of the Memorandum and Articles of Association the Chairman and Vice-chaimian
serve for a term of four years. and Ihe other six Councillors for three years. At presenl the Council has a
Chairman, a Vice-chairman and five Trvstees. One of the Trustees is not expected to stand for ie-electi
when his teim ol office ends in July. Members take a lead in a specific policy area, working closely with the
' officers befvleen meetings. The linked responsibility areas of member5 are.. Sue Chesworth Youth and Farnily
and Safeguarding. Pauline Grimshaw -_committee for Auxiliary Ministry, Robert Ta￿Or - Pudey Chase"Centrè,-
Nigel'sutton -Finance. the Company Secretary is the.Human Resources and Committee of Ministers link.
l Organisational $tructur•
The Council usualty mèets at least five times each year. but this year ten meelings were held. Eight of Ihese
meetin9s were held virtually. using Zoom. the olher Iwo being in person. The Council is responsible for the
policies and strategic direcb.on of the General Conferen￿. The Company AGcounlant performs the dulles
defined in Artide 2 as being those of the Tieasurer bul, as the Article permits. she uses Ihe prefèrred title
Company Accountant. A Finance Manager holds the investment responsrbilities. The Company Secretary, the
Company Accountant. the Secretary of the Committee of Ministers. the Joint Spifltual Leaders, and the
President of the New Chuich College attend meetings of Ihe Ccwjncil by standing invitation but have no voting
rights_ A scheme of delegaled authority has been approved ty the Council for the major officers and
appropriate employEes. When taking on efftployee5, remuneration is oaiculated based on the currenl market
rate for what they are efflployed to ¢Jo. The Trustees rewew annually all empl¢)yees' s8laries with reference to
the average weekly earnings stalistics at the March Councl meetsng.
Relaled Parties and funds held as Custod•an Trustee
Full di5c105ure ol relate¢J parties and transactions as they affect the Conference are contained in Note 22 to thg
financial stalements.
Policies
Risk Managemen( Investment, Anti4rib•ry and Anti4orruption, Financial Procedure5.
Safeguarding, Bullying and Hara$smÈnt. Health and Safety. Legionella, Asbesto$, Data Protectign.
Handling suspected Cases of COVID 19 and Coronavirus Vaccine.
The Trustees have a risk managemenl process Ihat conforms wilh the formal rec¢)mmended by the Charity
Commission. They are GonfJLlent that the proGecSures arbd the aLlvice circulated lo local thuTche5 and employees
comply wth legislation
OBJECTIVES AND ACTIVITIES
Thè objects of the General Conference of Ihe New Churth lthe Conferencel are contained in the Memorandum
and ATti¢les of Association. The fundamental object is."-
Page 3

3E£F.yw_..'."SN&%.'._THEtrGENERAL--.C'ONFERENC.E"OF".THE NEliV..CHURCH..~
*.-.D. ?" "j.A'-coirip3riy-.liinitediby.."guaraiileel-'
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
'The lormalion into a corwrate ￿Y under the ab)ve title for the purposes of Religi￿ and not for the purposes
of gain of Receivers of the Doclrines of the New Chvrch. signified by the New Jerusalem in the Apocalypse or
Revelation of John. as ¢or)tsined in the Theologi¢al wrib.ngs of the Honourable Emanuel Swedènborg. and for
the doing ol all such things as the Members in Gener￿ Meeting, or Ihe CcMJncil appointed in accordance with
the Artides of Association registered herewth, shall from lime to lime detemiine or Ihink necessary for
disseminating or suslainiThJ the said Doctrines."
The Mission ol the Conferen¢¢ "is to express. share and experience wth olhers in life an inclusive, non-
judgemental vision of God's.kingdom." The Vision of the Conference "is of a network of individuals & groups
in(eracting together to share spiritual ins¢9hl & understanding in an open & non-iudgemenlal way. in order to
promole spiritual growth IhrcKJgh Ihe app￿"¢ab"on to lrfe of the Word. and the Wribngs of Emanuel Swedenborg."
PUBLIC BENEFIT
The Charities comrnis5ion ha5 established t¥bv key principles of Puljic Benefit anrj wthin those principles. some
important factors must be considered".
Principle 1- the￿ musl be an identffiable benefit or beneffts
Principte 2 - benefit must be to the public or a section of the public.
The Trustees have conSide￿d the Charity Commission's guidance on public benefit as required by section 4 of
the Charities Act 2011 and in particulai. the specific guidance in ￿lation to the advancerDent of religion. The
Churches provide the traditional fomi of worship, but Ihe Trustees also recognise that mosl of our church
premises are also used to benefrt the general public, for example. our churches are used variously as food
banks, school uniform reSoUr￿S cenlres, art groups. crèam tea5. Christmas concert. cirde dancing. music &
singing group. Community proied providing food at 20p per ilèm. breakfast cjub. advice centre. schod holiday
' activiliès. community garden, fellowship cifcle, Kumon, wjga, sewing group. whist drive, local Scarecrow
Festival. Women's World Day of Prayer. discussion groups. quiz nights. wewJht walchers clubs. line dancing, tai
chi. alcoholic anOrb￿l0us. scrabble club. U3A. and we piovide a warm space. The location and a map ol the
churche5 1$ availa￿e on the Conlerence's website. Several churches also have their ¢)wn website.
ACtrIIEVEMENT AND PERFORMANCE
The Association now has 10 societies or local churches recognised by the Conference.
They are IcKated
throughout the UK. The Conference and rts local churches. in common vthh the Mission and Vision Statements.
welcome anyone tts join in worship. The format of the seThices of worship v&ies from church to church Ixjt there
is excellent opw)rtunity for non-members of the Church to join in W0￿h1P.
In gener￿. the attendanee at worship has been steadity dedining over many year5. which has saojly resulted in
the ¢losvre of some local ¢htJrches. The Tnjstees recognise that this traditional fom of worship has entsmious
and valuable use for those vtho attend. The 2020 lockdown. %then public gatherings were forbidden, caused the
Association to seek other fomis of connecting with people. a technique which is sb'll being used at present. A
lortnightly national service of worship is hekl via Zoom. thus Ènabling corllmunal worship to take place virtually.
The Trustees have also considered other strategies vA)ich may be used lo reach other people who are seeking
somè lom of spiritualily in their INes. Web hosting is one of ihese, thrwgh the web siies of..
w.generalc4)nleren¢e.org.uk.'
ww.spiritualwisdom.(xg.uk.'
www.purleychasecentre.org.uk-
www.apocalypse-of-iohn.org.uk"
WWW.SPlfltualquesb"ons.org.uk:
The Trustees continue to be pleased wth the use of Pvrley Chase. the Conference's naticinal residential reireal
¢entrè. The ¢entre's calendar ¢ombine5 a varied sejection of traditional and a150 new events. These have been
successful and also attracted new people. several of thom have conts.nued to altend future events there. In
Page 4

X *a&",,Ir'."
T.HE.-GENERAi.:CO'N_FE_RE:NC.E:"OF_..THE"NEWIC*IURC"H.o:.¥x:x.4Yty:t'.":_ .
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2023
addits'on lo the events, a monthly seryice of worship is held at Purley Chase and all are welcomed. An annual
carol seThice is organised at Christmas followed by refreshments to whi¢h all are welcome. A display boar
located next to the gates by the main road has led lo an increase in visits from people passing by. A Quarterly
newslelter and email giving delails of partiojlar evenls are distributed to anyone who registers their interesl.
' Increasingly non-New Chur¢h people ale using the centre for sh¢yt breaks and to attend events. A fee slru¢ture
lor workshops at IrKal churches and other ¢entres has tr￿en agreed. The aim is to pay realistic fees thal
gradually increase in line with rises in costs.
No strict perfomiance indicators are used to monilor perf0mlan￿ of the'charrty. Quarterty financial reports are
revièwed at Ccxjncil meetings that indude opefalional surplusldeficit figures lor the year to dale compared to the
same period in the prewous year and a 10-year forecast. Purley Chase Centre ha5 a management team that
also receives quarterly financial profit and Ios5 and forecast reports jusi on Pvdèy Chase Céntre activities that
are reviewed at its meeb"ngs. Other areas such as the Finance AdvIsc￿Y Committee send in reports io the
Council to be reviewed and discussed with performance being monitored in that way ralher than financial
target5. Other areas of the organisation also send in reports on ath"vib"es undertaken and annual reports are
produced and discussed by members at th8 AGM.
FINANCIAL REVIEW
'Resep4es Policy
The Iruslee5 remain confident that its financial reserves be adequate to meet future c¢)mmitments.
The total funds hdd at 31st March 2023 a￿ £32,743.341 lpg. 121.
Of the £32,743.341. £22.574.789 is restricted funds lpg. 121_.
Of the unrestricted funds, £nil is designated (pg. 281.
Financi81 Support of Purley Chasè Centre is a top priority and as at 31st March 2023 expenditure Is
£313,622 and wll likely continue to rise for year ended 31st March 2024. This is due to general cost
in¢re8ses.
Note 18 show5 that £1,913.916 of unrestricted lunds and £60.132 of restn.cled funds 15 in tangible
fixed assets lpg. 281.
The cash reserves as * 31st March 2023 are £837.999 (note 201.
The cash reserves as 31st March 2023 are equivalent lo neady 14 month5 01 unrestricted expenditure. If
income was suddenly withdrawn 14 months is seen as a reasonable amount of time to f5nd allernative
income sources wthoul having lo reiluce expenditure on current activib"es.
The majority of the Teserves are in the fomi of investments that are seen as more of a form of generating
income for the long term than as reserves.
Like many religious charitses accumulate reserve5, not as policy, bul as a res￿1 of the closure of church
buildings. However our internet problems at Purfey Chase are impacting on our development which are
fundamèntal to our 'aims and objeth"ves'.
The Centre and Regional Office of our actiwbes 15 ujr 'Retreat Centre. which operates very successfully at
Purley Ch85e. wilh bookings UP to 2029.
However, it is also where our only curTent itsk exists since we had conlracted BTIOpen Reach to supply new
'Fibre' intemel facil￿"e$ whtth should have been tnstalled 10 months ago in October 2022. The latest forecast
for installation is Seplembèr this yeai. which we anlMJ"pate will *ad to 5pJnrfiGant benefits for growth and
development.
Pa9e 5

THE. GENE_RAL'CONFERENCE OF, T.HÈ,NEW CH.LiRCH-""
' (A comp,any-liniited:byiguaranteel_
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
Principal Funding Sources
Principal funding sources are contributions from investsnenl income, conlributions from Societies, legacies and
the assels of Societies that close. This yEar there have been no sales ot property. However. il 15 anlicipate(I
that there will be property sales in luture as Sw"eb"es conts.nuè to close ￿th the re5ubt that churche5 have to
be sold.
Investment Policy
The invèstment objèctives of the two portfdios. managed by Newton Investrnènt Management ICIFI and
the other by Ralhbones (free investmenls} have remained uncthanged from the previous year. The policy is to
have a 50150 split belween capilal growth and income received. An appointed team (Finance Advisory
Commrtteel meets with Nevrton Investrnent Management and Rathbones twre a year to re*iew perfomance
and then lo rèportlmake recommendations to the trustees rf needed. Ethical invèstments have bèen looked into
as part of our portfolio and discussed with bolh investment managers. PrO￿eMS identified were that some
companiès have parenUas50Ctaled c<>mpanies that arè involved in drfferent social. enwronmental or 8thical
transactions and rt would be inueasingly hard to identify where this was the case.
PLANS FOR FUTURE PERIODS
Thè Trustèes Intend to continue the activitiès outlined above in the forthcoming year and review these at
Council meetings. The Council is very conscKJus of the need to provide for younger people and attract them
into Conference membership and to Ihis end has iwo part-time Youth Leaders. one working 16 h¢wrs a week
an¢J one working 10 hours a week. Two ministeTS are also involved in this wotk. Young People have and
continue.to be heavily discounted or not charged at all to attend events at Pudey Chase Centre and to attend
the AGM held.in swanwth.each year. This has increased the number (rf y<yJng people attending events an
even encouraged them to hdp leading future events.
FINANCIAL ACTIVITIES
The Statement of Financial Acb"vities Ihe Jear is set ￿t on page 10 of the financial slatements.
TRUSTEES. RESPONSIBILITIES STATEMENT
The Tnjstees (who are also the directors ol Thè General Conference of The NÈW Church for the purposès of
company lawl are responsitAe for preparing the Ttustees. Report and the Financial Stalements in accordance
th applicable law and United Kingdom Accounkn"ng Slandard5 {Vnited Kingdom Gènerally Accepitrd
Accotjnling Practicel-
Company law requires the Tnjstees to prepare Financial Statemen15 for each financial year thai give a true antl
fair view of the state of affairs of the charitable company and of the incoming res(xJr¢es and appli¢ation of
resoLJrces, incjuding the income and expenditure. of Ihe charitable company lor that period. In preparing ihose
finanaal statements, Ihe Truslees are reqviied to..
select suilable accounting policies and then apply them consislently.
observe the methods and w"nciples in the Charity SORP;
make judgements anos estimates that are reasonable and prL*Jent-
prepare tt)e financial statements on the goiNJ ¢oncem basis unless it is inappropriate to presume that the
charitable cornpany will conlinue in business.
The Trustees are responsible for keeping proper accounting records which disclose wth reasonable accuracy at
any time the financial position of the tharrtable company an(J to enable them lo ensure that the financial
stalements comply wilh Ihe Companies Acl 2006. They are also responsible lor safeguarding the a5sels ol the
charitslAe company and hence for taking reasonable steps lor Ihe preventson arbd delection of fraud and other
irregularities.
-Page6

.THE.GENERAi'" C.ONFÉRENCE.OF_THÈ:.NEVI.:CHURC.H.-"+J..
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
PROVISION OF INFORMATION TO AUDITORS
So lar as the Trustees are aware. there is no releva￿ Informati￿ las defined by Section 418 of the Companies
Act 2006) ol which the charitable Gompanls auditor5 are unawa￿, and each TTustee has taken all the steps
that they ought to have taken as 3 Trustee in order to make them aware of any audit inlomation and to
establish ihat the charrtable companvs auditors are aware of that informatic￿.
Approved by order of the members of the board ol TnJstee5 and sgned on their behalf by..
Margaret L Cowie
(Chair of Trustees)
Dale= 2110712023
Page 7

'"IA.'corripany.'limiteil.'by..'guaranteel:'
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE GENERAL CONFERENCE OF THE
"NEW CHURCH
Opinion
We have audited the financi￿ slatements of The General Conference of the New Church (the 'chartyl for the
year ended 31 Marth 2023 which comprise the Statement ol financial aGtiwties, the Balance sheet. the
Statement of cash flows and the related noles, including a summary ol significant accounting ￿licies. The
financial reporting framework thal has been applied in Iheir weparats.on is apF4icable law and United Kingdom
Accounling Standards. induding Financial Rep(N*"ng Standar(1 102 'The Financial Reporting Standard
applicablè in the UK and Republ￿ of Ireland. Iuniled Kingdcrfn Generally Accepted Accounting Practice).
In our opinion the financial statements-.
give a true and fair view of the.state of the charita￿e ¢(Nnpanls affairs as at 31 March 2023 and of its
ineoming resources and applicalion of resources, indudin9 its income and expenditu￿ for the year then
ended.,
have been property prepared in accordan￿ wlh United Kirodom Generally Accepted Accountin9
Pracb"¢e; and
have been Prepared in accordance with the requirements of the C(xnpanies Act 2006.
Basis for opinion
We ¢onducted our audit in accordance ￿ Internat￿81 Starthrds on Auditing IUKI {ISAs {UKII and applicable
law. Our responsibilities under those standards a￿ further described in the Auditors. responsibilitses for the audit
of the financial stalements sectson of our report. We are independenl of the charitable company in accordance
'with thè ethical requirements that are relevant to our audit ol thè financial statements in the United Kingdom,
including the Financial Reporting Councifs Ethical Standard. and we have fL4filled our other ethical
responsibilitses in accordance with thesè requiremènts. We bèlieve Ihat thè audit èVKlence we have obtainèd is
sufficient and appropriate to provide a basis for our opinicx).
Conclusions rdating to gI￿n9 concern
In auditing the financial statemenls, we have conduded thal the Trustees, use of the going concem basis of
accounting in the preparation of the financial slaternents is apprDpriale_
Based on the work we have perfo￿e(l. we have T￿t hyentsfied any material uncertaintie5 relating lo events or
condib.ons that. Indi￿d￿allY or collectively. rnay casl significant doubl on Ihe charitable company's ability lo
Continue as a going concern for a period of at least ty￿1Ve months from ¥then the financial statements are
aulhorised for issue.
Our responsii¥litie$ and the reSE￿nsib"111ieS of.the Tnjslees wth respect to g￿ng concern are described in the
relevant sections of this ￿port.
Page8.

.,*" a>-"&-THE'.GENEFiAL.C"ONFÉRENCE'.O.F"T+iE""NEW-.CHURC.H':;':
"*-jA comp.any21"imitèd".b"y-guaranteel":_
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE GENERAL CONFERENCE OF THE
NEW CHURCH {CONTINUED)
Other information
The other infornation compTise5'1he informatitN) induded in the Annual report other than the financial
518tements and our Audilors. report thereon. The Tmslees aFe responsible for the other infom)3tion contained
within Ihe Annual report. Our opinion on the financial statements does not cover the other information and,
except to the extent othewse expliutly stated in our reFort. we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other inlomialion and. in doing 50, consider whether the
other information is materially inconsisteni Ihe finanual statemenis or our knowlèdge obtained in the course
ol the audit. or othemse appears to be materially misstated. If we identify such material inconsistencies or
apparent material misslatemenls. we are required to deterrn1r￿ whether Ihis gives rise lo a material
mi$5tstemenl in the linancial ststements themselves_ If. based on Ihe work we have performed, we conclude
that there is a material misstatement of this other infomiation, we are iequiced to report that fact.
W¢ have nothing to rew)rt in this regard.
Opinion on other Matte￿ prescribed by the Compani•s Acl 2006
In our opini¢>n. based Dn the undertakèn in the coursè of the audtL
the infomiatson given in the Trustees. report for the financial year for which the financial statements aTe
prepared is consistenl wth the finanual statements.
the Trustees. re[￿ has been prepared in accordance WTlh applicable legal requirements.-
.Matters on vthich we are requived to report by exception
'In the light of our knO￿edge and understsnding of the charitable company and ils environment obtained in the
course of Ihe audil, we have not identif￿￿ malerial misstslements in the Tnjstees, repcrt.
We have nothing to report in respect of the fdlumng matters irh relalion to which Companies Act 2006 require5
U5 to report to you if, in our opini(M:
adequate aGcountin9 rewrds have not been kep( cy retum$ adequalè fc¥ our audit have not beèn
received frc￿n branches not visited by us.. OT
the financial statements are not in agmmenl wth the accounting rècords and retums," or
certain disclosures of Trustees, remuneration specified by law are not made" or
we have not received all the infomiats.on and explanations we require lor our avdit," or
the Trustees were not enbued lo prepare the financial slatements in accordance wrth the small
companies regime and take advantage of the small CoMpan￿s, èxemptions in pr8pafing the Twst£es'
report and from the requiiement to prepare a Strategic rep(xl.
Page 9

THE'G.ENERAi.CON.FERÈNC.E'OF:THE-.N_EIfyi C.HUR"CH'>.':
..IA",company...limite(i*by. guaranteej".*.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE GENERAL CONFERENCE OF THE
NEW CHURCH {CONTINUEDI
Responsibilities of.tru5tees
As explained more fully in Ihe Trustees. resp)nsibililL"es statement. the Trustees {who are also the directors ol
the charitable ¢ompany for the purposes of company lawl are responsiblè for the preparati￿ of the financial
statements and for being satisfied Ihat they give a true and fair view. and for such intemal control as the
Trustees detemiine is necessary to enable Ihe preparation of financial statements that are free from maierial
misstatement, whether due lo fravd OT err￿.
In preparing the finanual statements. the Trustees are responsible for assessing the charitable companys
ability to Gontinue as a going ￿ncern. dis¢Josing. as applicable. mattefs ￿lated io going concern and using the
going concem basis of accounting unless U)e Trustees èithèr intend lo lsouidate Ihe charilable Gompany or to
cease operations. or have no realistic ￿ternative trmjl lo do so.
Auditors, r•$pon$lbllltles for the audli of the financlal statements
Our objeclives are to oblain reasonablè assLtrance ab¢)ut the financial statements as a whole are free
Irom malerial misstatement. whether due to fraud or error. and to issue an Auditors, report thal includes our
opinion. Reasonable as5vrance is a high level of assuran￿. inrt 15 llot a guarantee that an audit conducted in
accordance with ISA5 (UK} wll ahvays detÈ¢t a material misstatement when il exists. Misstalements ¢an arise
from fraud or èrror and are considered material if. Indiwdually or in the a99regate, Ihey cwld reasonably be
expected to influence the economic decisions ol users laken on Ihe basis of these financial statements.
.Irregularities, induding fraud. are instances of T￿coMplis￿¢e wth laws and regulations. We design
"procedures in line vJith our ￿spOnsIbl11￿es. outlined aiK>ve. to detect material rnisstsiements in respeGt of
irregUlar￿lies. including fraud. The extent to %thich our procedures are ¢apable of detecting irregularities,
including fraud is detailed below..
B8s&l on our understsnding of the company and industy in which it operates. we considered those laws and
rè9ulations that have a direct impact on ihe preparabon ol the financial statements s¢Jch as the Companies Act
2006 and Charities Act 2011. Avdil wocedures performed by the engagement team induded..
EnqLtriry of managemenl around actual and polential liligalic￿ and claims."
Reviewing financial slatement disclosures and testing to supporting documenlation lo assess compliance
wilh applicable laws and regulabons:
Pertorrning audit work over the risk of man39ement override of controls. induding tèsting of journal
entries and othèr adjustments for appropriateness. evaluating the tsjsinèss rationale of significant
transactions outshle the nonmal course of busirless and rewewng accounting esbmates for bias.
Because ol the inherènt liM￿ta￿.0ns of an audit. there is a risk that we ￿11 nol detèct all irregularities, including
those leading to a matefial misstatement in the financial statements or non-compliance wrth regulation. This risk
increases the more that com￿13nCe wlh a law or regulatson is removed from the events and transactions
reflected in the financial 51atements. as we wll be less likely to become awaie of instances of non-cornpliance.
The risk is also greater regarding irregularities o¢curring due to fraud ralher than error. as fraud involves
intenlK)nal concealment, forgery. collusKJn. (xnIss￿ or misrepre$entatw￿.
A further descripb.on of (wr responsibilitses for the audit of the financial statements is located on the Financial
Reporting Council's website at.. vwhY.frc.
itorsres
This deSC￿p110n lorms part of our
Auditors, report.
Page 10

INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE GENERAL CONFERENCE OF THE
NEW CHURCH {CONTINUEDI
Use of our report
This report is made solely to the charitable companls members. as a bc*Jy, in accordance wth Chapter 3 OY
Part 16 of the Ccxnpanies Act 2006. Our audil work has been undertaken so that we might slate to Ihe
charilable companls members those matters we a￿ required to 51ate to them in #n AuditOTS' report and for no
other purpose_ To the fijllesi extent pemiiited by law. we do nol accepl or assumè responsibilily to anyone other
than the charitable company and its mefflbers. as a body. for audit work. f¢y this report, or the wnions
we have formed.
Wayne Thomas ACA (Senlor Statutory Audltor)
for and on behalf of
ates Weston Audit Ltd
S￿tUtOry Auditors
Chartered Accountan15
The Mills
Canal Street
Derby
DE12RJ
Date.. 21 July 2023
Page11

THE"GENERAi':C_ONF.ERENCE OF.THE":NEW:'CHURCH'-_:
.IA"company_. lirriite"d_.by".guarariteej.:'
STATEMENT OF FINANCIAL ACTIVITIES IINCORPOlkATING INCOME AND ÉXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2023
EndowmÈnt
funds
2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
.2022
Note
Income and
endowments from:
Donatsons and
leg8cies
Charitable actsvitie5
10.000
328.796
81,050
181.411
338.796
81.0S0
701.392
256,532
81,412
611,655
28,696
Investmenls
Other income
3.612
$16.369
Total income and
endowments
3.612
S26,369
591,257
1.121,238
978,295
Expenditure an:
Raistng funds
Charitable activities
111,157
142.088
150.355
35.950
680.558
147.107
826.258
150.355
139.494
708,923
166,057
3.612
Other expendrture
Total expenditure
3,612
716.￿8
1.123,720
1,014,4T4
Net gainslllossès) on
investments
43.883
1415.213)
1526.1491
1897,4791
2.616.086
Net ineomel
(expenditure)
Transfers ￿tWeeft
funds
43.883
(291444)
(651.40QI
(899,961}
2.579,907
16
(181,048)
181.048
Net movement in
funds
43.883
(473.4921
(470.3521
(899.9611
2,.5Tg.907
Reconciliation of
funds:
Total funds brovght
forward
Net movement in
funds
1.902.084
23,1)48.281
.692.937
33.643,302
31.063,395
43.883
(473.492)
(470,3521
(899,9611
2,579,907
Total funds caNi•d
fornyard
1.945,967
22,574,789
8,222.585
32,743,341
33,643.302
The Statement of financial acb"vilies includes all gains and losses recognised in the year.
. The notes on"pages 15 to 31 form part of these financi81 stateinerits.
Page 12

(A compariy."limited.'by."guaranteej':
REGISTERED.NUMBER. 00006039"-'
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Note
Fixed assets
TaTrgi￿e asse15
Inve5trtL¢nts
12
1,974,048
29.818.810
2,028.042
30,863.396
13
31.792.858
32,891,438
Currènt ass¢ts
Slocks
3.645
170.939
837,999
4,425
53.475
758.300
Debtors
Cash al bank and in hand
14
1.012,583
816.200
Creditors.. amoun15 fallirwJ dve wthin one
year
15
(62.100}
(64.336)
Net ¢urr¢nt assets
950.483
751,854
Total net assets
32.743.341
33,643,302
Charlty funds
Endowment funds
Restricted fun¢Js
Unrestricted funds
16
1.945.967
22.574.789
8.222.585
1.902,084
23,048,281
8,692,937
16
16
Total fund$
32,743.341
33.643.302
T.he Tnjstees ackno￿edge their responsibilities for complyw with the requirements of the Act respect to
accovntiro recor(Is and preparation of financial slatèmenl5.
Thè financial statements have been prepared in accordance wth the provisions appluble lo èntiknès subject to
the small companies regime.
The fin8n(ial ststements were approved and autFM)rised for issue by Trustees and signed on their behalf by.
Margaret L Cowie
Ichair ol Trustees)
Date..
2110712023
The note5 on pages 15 to 31 fomi part of these finantial slatements.
Page13

'.THÈ.GÉNERALf.CONFERENCE.OF*THE:NEliV."CHVRCH"-'
IA company limite(i".by guarantéel,--
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Cash flows from op•ratin9 aCtiviti•s
Nel cash used in operating acbwlies
{747,164)
(630.963)
Cash Ilows from investing activities
Oividend5, intere5t5 and rents from inve51ments
Proceeds from the sale of tsngible r￿ed assets
Purchase of tangible fixed assets
Proceeds fr(*n sale ol investmer715
701,392
611.655
215,729
(14.646)
139,494
121,636)
147,107
Net cash provided by Investtng aclivities
826,863
952,232
Change in cash and cash equivalents in the year
Cash and cash eouivalenrs at the beginning of the year
79.699
321,269
758.300
437.031
Cash and cash equivalents at the end of the year
837.999
758.300
The noles on pages 15 to 31 fonn part of these financial statements
pa￿ 14

T.HE"GE_.NERAi-_CONF.ERENCE.OF,:.TfriÉ."NEIiI. CHURCH":.""'-
jA'comp.'an"y,-.liryiited.by!guaranteelS--,-..
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2023
ornpany status
The charily is company limitetl by guarantee. Thè members of the company are the Trustees named on
page 1 In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5
pèr memter of Ihe chafity.
Accounting policies
2.1 Basis ol preparation of linanclal statements
The financial stalemenls have been prepared in ac¢ordance with the Charities SORP IFRS 1021-
Accounting and Reportin9 by Charibes". Statement of Recommended Practice appI￿atsIe to charities
preparing iheir accounls in accordance wth the FinanTral Reporting Standard applicable in the UK
and Republi¢ of Ireland IFRS 102) {effedtve 1 January 20191. the Financial Reporting Stsndard
applicable in thè UK and Republic ol Irdand {FRS 1021 and Ihe Companies Act 21￿.
The General c￿feren￿ ol the New Church meets the definition of a public benefit entity under FRS
102. Assels and liabilities are inilialfy recognised al hIst￿lca1 cost or transaction vJue unless
othefwise slated in the relevanl accounting polry.
2.2 Incomè
All in¢ome is re¢ognised once the Charity has entitlemenl to Ihe income. it is probaNe thal Ihe
income wll be received and the arnounl of income receivable can be measured reliably.
For le98c￿s, enliuemenl is taken as the earlier of the date on vthich either.. the charity is aware thal
probate has been granted. the e51ate ha5 been finalised and nolificab.on ha5 been made by
the executorlsl lo the Trust Ihat a distribubon will be made. (x when a distribution is received from
the eslate. Recèipt of a legacy. in whole or in part, is only considered probable when the amount
can be measured reliably and the charity has been notified of the executorfs inlention to make a
distribuUon. Where legacies havè been [￿tiffied to the charity, or the chanty is awarè of the granting
of pfobale, and the criteria for income recognilion have rK•t been met. (hen the legacy is treated as a
conb"ngent assel and (ji￿10Sed if material.
2.3 Expenditufe
ExpÈniJiture is recognised ￿¢É there is a legal or constructive obligatson lo transfer economic
benefit to a third .party, it is probable that a transfer of economic benefits will be required in
setuement and the amounl of the obligation can be rneasured rdiably. Expenditure is classified by
adivity. The costs of each aCti￿ty are made up of the lotal ol direct COS15 and shared costs,
induding SUPF¥)rt costs inv<Aved in undertaking each activity. Dire¢t costs attributable lo a single
aclivrty are allocated direcuy to that activily. Shared costs which contrityjte to more than one activity
and support Gosis which are not attributable to a single activity are apportioned befy¥een Ihose
8¢ttvities M a basis Consistenl wth the use of resources. Centfal staff ¢ost5 are allocated on the
basis of time spenL and depreoab.on ¢har9es allocaled on the portion of the asset's vse.
Support costs are Ih05e cosls incurred direcuy in support of expendiiure onlhe objects of the charity
and Include projecl management Garried out at Headquarters.
Cosls of generating fvnds are costs incurred in atlracting vcAuntary income. and those
in¢urred in tiading activilies that raise funds.
Page15

.t
"Tr".TH"E.GENERAL-'CONFERENCE.'OF.."T.HE NEW.CHURCH."
(A'comp_any limited-by.guaraiiteel-
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng policies {continuèdl
2.3 Expenditure (continued)
Charitable acbvity.es and Govemance costs are costs incurred on Ihe charitls educational
operatsons, induding support costs and costs relating to the govemance of the charity apportioned to
chartsble #cli￿ties.
2.4 Government grants
Govemment grants a￿ crediled to the Stsiement of financial activilie5 a5 the related expenditurtr is
incurfed.
2.5 Interest Teceivabl•
Intertrst on lunds hdd ￿ detN)sit is in¢lu¢Jet1 vthen receivable.and the amount can be measured
reliably by the Charity.. this is nomially Upc￿ notificats.on of the interest paid or payable by tha
instrtution ￿th whorn the funds are deposited.
2.6 Taxati¢>n
The Charity is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Acl
2010 and therefore it meets the defjrmtion of a ¢J)aritable wmpany for UK ¢orporation lax purpos8s.
A¢cordingly. the Charity is potents.ally exempl from taxation in respect of in¢ome or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxatson of Chargeable Gains Act 1992. to the exlenl that such income or gain5 are
applie(6 exclusively to chanlthe purpK)5es.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets cosb.ng £500 ￿ MO￿ a￿ capitalised anLI re¢oynised when future economic
benefits are probable and the ¢ost or value of the asset can be measured reliably.
Tangible fixed assets are carried at C051. net of ¢Jepreuation and any provision for impaiiment.
Oepreuation is provided at rates ¢al¢ulated to write off the cost of fixed assets, less Iheir estimated
residual value. over thelr expected useful lives on the lollowing bases=
Freehold propèrty
Offi¢e equirxnent
2% on cost
- 25% on cost
2.8 Investments
Fi¥e(J asset investments are a form of finan¢t81 instrument and are initialty recognised al their
transa¢tion Cost and subsequently measured at fair value at the Balance sheet date. unless the
value cannol be measured reliably in which case rt is measured al Cost less impaiment. Investment
gains and losses, whether realised or unrealised, ace combined and presented as 'GainsllLosses)
on investments. in the Statement ol financi￿ actiwties.
The pooled inve51menls of the Ccffimon Inveslment Fund established 6 April 1966. also staled at
market valuè, hold investmenis of tKJlh the Conference and certain of its local societies and
institutions and comprise the unit holders ￿1th have an undiwded aliquot Portion of the pool. It is
consequenily trealed as a restricte(I fund of the Conference. The income arising in the year is
accounted gross as an incoming resource in the Statemen( of Financial Acuvib'es. The payment
Page 18

-ty¥yTHE."GENE'RAi""C.ONFERÈNCÈ'"OF:.,THE""NEW,'CHURcH*￿ Tr,£1*￿. .
jATCOinFI_any."limited.'by-_guaranteel'.'%'i.¥.%T*--;
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
A¢¢ountlng policies l¢¢ntlnu•d)
2.8 Investments {continuedl
thereof io irKlivthal S￿letIeS of their respecb.ve porf1(￿S of this In￿Me is treatèd as an outgoing
resource.
The funds comprising the Common Investment Fund derive from both restricted and unrestrided
fvnds of the Conferen¢e. Translers belween thesé funds may arise in thè year to account for any
a¢Jdits"iJn5 and wthdrawals of capitsl to the Common Investment as is appropriate. The Conference's
annual income derNing from these funds is only transferred, as is appropriate, when payment is
made from the Common Investmenl Fundlo the c￿ferenCe.
2.9 Debtors
Trade and other debtors are recognised at the settlement afflount after any trade discount offered.
Prepa￿nen15 are valued al Ihe amount prepaTrd net of any irade dis¢wnts due.
2.10 Cash at bank and in hand
Cash al bank and in hand includes cash and short-lerm highly liquid Investments'with a short
maturity of three months ￿ less from the date of acquisthn or Open￿g"Of Ihe"deposit or similar.
account.
.2.11 Liab•lities and provisions
Liabilrtiès are recognised when ihere is an O￿lgatI(￿ al the Balance sheel dale as a ￿sUIt of a past
event, it is probable that a Iransfer of economic benefit will be requrred rn settlement. and the
amount of the setdement can be esb"matèd reliably. Liabilities are recognised al the amounl that the
charity anticipates rt ￿11 pay to setlle the debt or the amtsjnt it has received as advancèd payments
lor the goods or services it musl provide. Provisions a￿ measured at the best ests'mate of the
amounts required to settie.the ctjligation. Where the effect of the time value of money is matenal.
the prowsion is based on the present value ol those amounts. discounled at the pre-tax discount
rate th81 refleds the risks sperAfi¢ to the liability. The unwnding of the discount is recognised wilhin
interest payable and similar charges.
2.12 Pensions
The Charity operates a defined conlnbution pension sd)eme and the pension charge rep￿sents thè
amounts payable by Ihe Charity lo the fund in respect of the year.
2.13 Fund accounting
General funds are unrestricted funds %%thich are available for use at the discrets.on of the Tnjstees in
furtherance of the general objectives of the Charity and which have nol been designated for other
rp)ses.
Designated fvn¢Js comprise unrestricted fun¢Js that have been set aside by the Trustee5 for
particular purposes_ The aim and use of each desKJnated fund is set out in the notes to the financial
siatements.
-Page 17.

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Aecountlng policiès Icontinu•d)
2.13 Fund accounting (continued)
Restricted funds are fvnds vthieh are to be usÈd in accordance specific restrictitsns imposed by
donors or which have been raise(I by the Charity for pa￿tulaT purposes. The costs of raising an
administering such funds are charged against the specific fund. The aim and use ol each ieslricted
fund is set out in the notes to the finanual 5tsternents.
Investrnent income. 9ains and k6ses are allocated to the appropriate fund.
Income from donations and legaeies
Restri¢t¢d Unrestrlcted
funds
funds
2023
2023
Tatal
funds
2023
Tol81
funds
2022
Government grants
Coronavirus J¢b Retentyon Scheme
11,466
12,000
Restart Giant
23.466
Donalims
Legacies
Trusl
Society contributions
97,6C
62.560
58,OC(t
110,630
97.606
62.560
68.00(1
110.630
58,936
10,000
68.000
106, 130
10.000
328.796
338.796
233,066
Total 2023
10.000
328,796
338.796
256,532
Tolal 2022
10,000
246.532
256,532
Page 18

IA..comiiany-!irniteii by_"guarariteej':
NOTES TO THE HNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Income from charitable acti¥iti¢$
Unrestrided
funds
2023
Total
funds
2023
.Total
funds
2022
Purfey Chase Centre
81.050
81.050
81,412
Total 2022
81.412
81.412
Investment incorn•
Endowment
funds
2023
Re5trirted ljnrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Rents received
1.020
172.135
8.256
1.020
688,481
11,891
190
610,981
484
Dividends
3.612
512,734
3.635
Deposil account interest
3.612
516.369
181.411
701,392
611,655
Total 2022
3.541
476.994
131. 120
611,655
other incoming rèsources
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Profit on dispos* of property
28,696
Total 2022
28.696
28,696
Page 19

- (A company.limited-:b"y.-guarariteej".:"
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Analysis of expendlture on charitable activities
Surnmary by fund type
'Endowment
funds
2023
Restri¢ted Unrestricted
funds
funds
2023
2023
Total
2023
Total
2022
Ptlblishing
Purtey Chase Centre
hAinisterial
1,288
220
1.508
313.622
195,316
33.847
1,024
259,014
217,515
27,346
313.622
56.380
33.847
1.111
137.825
Outreach and education
Managemenl and
administration
2.501.
2,975
276.489
281.965
203,964
3.612
142,088
680.558
826.258
708,923
Total 2022
3.541
128.277
5TT. 105
708.923
Other.expenditur
Restricted
funds
2023
Total
funds
2ri23
Total
funds
2022
SoGieb"es' In￿)me on.CIF fw the year
Societies, withdrawals from Ihe CIF
130,355
20,000
130.355
20,000
112,061
53,996
15D,355
1SO.3SS
166,057
Total 2022
166,057
166,057
.Page20"

.&.*IA-coinpany_-.lirriited'.by.-_gUaranteel"':.￿.">%-
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Analysis of expenditure by activities
Activities
undertaken
direGtIy
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Publishing
Purtey Chase Centre
Ministerial
1.s08
313.622
195.316
33,847
1.210
1,S08
313,622
195.316
33,847
281.965
1.024
259.014
217.575
27.346
203,964
Outreach and èducation
Management and administration
280,755
545.503
280.755
826.258
708,923
Total 2022
506.111
202.812
708,923
Ana5ysis of support costs
Total
funds
2023
Total
funds
2022
Staff cLJsts
Depreciats"on
Management and administralion
Auditor5 remuneration
Auditors, remuneraiion for non-audit work
Sundries
Travel
108.677
75,630
64.954
6.480
7,260
11.616
138
60.312
63,359
53,458
6,300
6,570
70,626
2.187
280.755
202,812
Page 21

THE GENERAL. CONFERENCE OF.,,THE NEW'CHURCH
IA"company.liinited.'bY_-.giiaranteèj￿A.K-.".
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2023
10.
aff ¢o$t$
2023
2022
Wages and salaries
Social security costs
Contribution to defined c(￿trIbution pension schemes
408,719
28,288
27,105
353,591
24, 151
26,224
464.112
403,966
The average number ol persons employed by thè Charity durirg the year was as fdlows:
2023
No.
2022
No.
Charitsble serwces
Management and administration of charity
14
15
18
17
No employee re¢eived remunerati￿ amounting to more than £60.000 in either year.
The board of trustees are considere(I to be the key management personnel.
11. Trustees. remuneration and expen$es
During the year. no Truslees received any remuneration or other benefts (2022- £NILJ.
During yèar ended 31 March 2023. e￿n5è$ totalling £4.233 wèrè reintKJrsÈd or paid direcuy to 4
Trustees (2022- £1,452 to 6 Trusteesj.
12. Tangible fixed assets
Freehold
property
Office
equipment
Total
Cost
At 1 April 2022
Additions
2,881,029
184,282
21,636
3.065,311
21,636
"At 31 Marth 2023
2,881.029
205,918
3,086,947
Page 22

THE GÈNERAi.CONFERENCÉ.OF.THÈ NÈW.CHURCH'__
IA:com-F>any.siiwriitedEby""giFaranteej ￿-._
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
12.
Tangible fixed assets leontinuedl
Freehold
property
Office
equipment
Total
Deprec•ation
At 1 April 2022
Charge for the year
882.090
57,632
155,179
17,998
1,037.269
75.630
Al 31 March 2023
939,722
173.177
1,112.899
N•t book valu•
At 31 March 2023
1.941.307
32.741
1,974,048
At 31 March 2022
1.998.939
29.103
2,028,042
13.
Fixèd ass•t investments
Listed
investrnents
Valuation
At 1 April 2022
DisF*)sa15
Rèvaluations
30.863,396
{147.1071
{897.479)
At 31 March 2023
29.818.810
The historical cost of listed investments is £20,165.761 12022- £18.948.9891.
Page 23

THE:GENERAL.",CONFERENCE OF'_.THE.NEW.CHURCH¥J
Trj'A-.comi.>any:lirriite(l.:bya'guarantee),'¥.-j':
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2023
13.
Fixed asset invtstments {continued)
Common Investment Fund
Total listed investrnent5 include amrwJnts held as a Common Investment Fund ICIFI, ￿0$e participants
are Sooeties and Groups affiliated vAlh Ihe Conference. Financial statemen15 for the CIF are separately
prepa￿d
Listèd
invèstmènts
Valuation
At l April 2022
DisPOS81s
Revaluations
24,042.131
1111,1571
1366,445
At 31 March 2023
23,564,529
The historical u)sl of listed investments hdd as a CIF is £14.713,569 {2022.. £14.867.3821.
Of the £516,369"12022_."£476.9951 inwne generated. £516.00912022- £476,634) was distributed to unit
holders and £36012022: £3611 was thar9ed as administration costs.
.14.
Dtbtors
2023
2022
Oiher debtors
170,939
53,475
170,939
53,475
15.
Creditors.. Amounts falling due within one year
2023
2022
Trade creditors
Olher Creditors
Accruals and deferred income
6,627
38.875
16,598
14,408
35, 189
14.739
62,100
64.336
Page 24

THÉ".GENERAL" CONF.ERÉNCE OF.THE NEW..CHURCH;.
"'jA company--liinited by..guaranteel-
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
16. Statemont of funds
Statem•nt of funds- current y•ar
Balancè at
31 March
2023
Balance at 1
April 2022
Transfers
inlout
Gain$1
(Losses)
Ineomt Expenditure
Unrestricted
fund5
General Funds
8.692,937
591.257
1716.5081
181.048
1526.1491
8,222,585
Endowment
funds
Endowment
Fund5
MiGhael
Jackson Fund
1.772,971
48.768
1,821,739
129,113
3.612
13,612)
14.8851
124.228
1,902.084
3.612
13.6121
43,883
1,945,967
Restrict•d
funds
Building Project
Fund
Embsay Fund
Danjoux Fund
De Chazal
Fund
Publishing Fund
Common
Investment
Fund - Capital
Southend
Incorne Fund
Greenhill
Income Fund
Kensington
Incorne Fun
Scottish
Associalion
Fund
191,239
202,342
16.S03
191,239
200,510
17.420
116151
783
917
87,579
8,673
7.950
219
95,529
7,384
11.5081
22,296.191
516,369
1261.8721
{340.302)
1415.213) 21,795,173
45.987
10,398
S6,385
24.401
24.401
1137.6051
137,605
137,854
1.382
139.236
Other restricted
funds
37.512
10,000
47.512
Page 25

TH.E,-GENERAL.CONFERENCE,"OF;-.THE'NEW.:CHURCH-"",I
IAicompany. limitédiby.-guaranteel'"'_
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
16. Statement of funds l¢ontinu8d)
Statement of funds - current yeaT (Continued)
Balance at
31 March
2023
Balance at 1
April 2022
Transfèrs
inlout
Gain
ILoss•sl
Income Expenditur•
23.048.281
526.369
1403.600)
1181.0481
1415,2131 22,574,789
Total of fund5
33.643.302
1.121,238
(1,123.7201
1897.479) 32,743,341
Statèment of fvnds- prior year
Balance al
31 Alarch
2022
Balance al
l April 2021
Transfers
i￿out
Gain
(Losses)
Income £Ypenditur&
Llnrestrictèd
funds
General Funds
8.373.158
487.760
(616.599)
149.977
298,641
8.692,937
Endowment
funds
Endowment
Funds
Michael
Jackson Fund
1.550.709
222,862
7. TT2.971
118.856
3.541
(3.541)
10,257
129. 113
1.668,965
3.541
(3,547)
233,119
1,902,084
Restricted
funds
Building Prc4ect
Fund
Embsay Fund
Danjoux Fund
De Cha2al
Fund
Publishing Fund
791,239
204.380
15,655
191,239
202,342
16.503
(2.615)
577
79,464
9.503
87,579
8.673
(1.024)
194
Page 26

'.T.HE,GÈNERAL.CONFERENCE'OF'.THÈ NEW:CHURCH,'"
- IA-.¢onipa.ny. limited:'by guaranteel-_4.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 PIARCH 2023
16. Statement of funds leontinued}
Slat•ment of lunds- prirx year (continued)
8alanc$ al
31 March
2022
Balance al
1 Apn"12021
TTrnsfers
irrfoul
Gain
(Losses)
Income Expgndilure
Common
Inve5trnent
Fund - Capital
Soulhend
1ncome Fund
Greenhill
Incomè Fund
20.306,761
476.994
(266.417)
(305.473J
2.084,326 22,296, 191
36.773
9.214
45.987
22,808
1.593
24.401
.Kensington
Income Fund
Scottssh
Association
Fund
(121.471)
121.471
136,638
1.216
137..854
Other restn.ded
funds
18.051
io.(x
(2.807)
12.268
37,512
21.021.272
486.994
(394.334)
{149,9T7J
2.084.326 23.048,281
Total ot funds
31.063.395
9T8.Z95 (1.014.4T4J
2.616.086 33,643,302
Page 27

THE".GENEFiAL.-CONF.ERENCE"OF'.THE""NEW:CHURCH":
I"-IA-coinpany--lirriited."by guarantèéj",-_
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
16. Statement of fvnds Icontinuedl
TRANSFERS
Transfvrs relate to Ihè investing of unrestricied funds in to the Common Inveslmsnl Fund and the
Conference's share of distributable income.
ENDOWMENT FUNDS
The Endovdmenl Fund is a single permanent endovnnent. made up principally of investments held in The
Common Investment Fund in respect of closed sociebes and past designalions.
The Micha81 Jackson Fund was established lo contribute lo the general purposes and to the cost of
stipends in specified woporticfjs.
RESTRICTED FUNDS
In addition to thè Commort Investment Fund delailed ￿t￿"n the Investments note the other Restricted
Funds are as fcAIovts".
The Building Proiect Fund is made up of funds given w) trust for developments and new buiklings.
The Embsay Fund was eslablished to further the work of The New Church in the north of England. The
capitsl elemeni of the fund is consolidaleij wthin Ihe Commi)n Investsnent Fun¢J.
The Danjoux Fund was established lo contribute tth¥ards the provision of the Services ol a resident
ordained priest or minister to Thè New Churth in Maurits"us. The capital èlement of the fund 15
consdi(Jated wthin the Common Invesiment Fund.
The De Chazal Fund was established to pr(Nnote and furthei the aims of The New Church in Mauritius
and other French speaking ¢rwntries. Ths ca￿la1 demenl ol the fund is consolidated witlin the C(xnmon
Investrnent Fund.
The Publish"ng Fund w8s eslablished. from the funds of the former Missionary Souety which had
operated as a registered charity for the purpose of publishing New Church literalure. The Charity
Commission duly gave their approval for Ihese funds lo be so transfe￿ed to Th8 General Conference of
the New Churth. The c3pitsl element of the fund is consolidated wthin the Common Investment Fund_
The Kensinglon Fund was eSta￿lShe￿ fiom the Ivnds from the c105ure of the Kensinglon Society and the
sale of ts property. The main purF)ose of the funt1 15 to support the employment of ministers, Furley
Chase Centre and promob.ng religious educab.on of children and young peoe. Thè Gapital element of (he
fund is consolidated wthin the Common Invesiment Fund.
The Scottish Asso¢Tation Fund was established from the fvn¢Js fr(¥n the closure of Ihe Scottish
Associats'on. The main purposè of the fvnd is to pr¢)rnote doclrine5 Qf the New Chufch including and
publishing and dislributson of documents and books. The capital element of the fund is ¢onsolid*ed
w¢thin the Common Investment Fund.
. Page 28

THE-:GENERAL CONFERENC.E_OF:.THE-,NEW CHURCH--
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2023
17. Summary of funds
Summary of funds - current year
Balanee at
31 March
2023
Balancè at 1
April 2022
Transfers
inlout
Gainsl
(Losses)
Ineome Expenditure
General fund5
Endowment
funds
8.692.937
591,257
1716,5081
1B1.0
1526,149) 8.222.S85
1.902.084
3.612
13.6121
43,883
1.945.967
Restricled
funds
23,048.281
526,369
{403,6001 (181.048) 1415,213) 22.574.7B9
33.643.302
1.121.238
11.123,7201
1897,4791 32.743.341
Surnmary of funds- Pfior year
Balance at
31 March
2022
Balance at
l April 2021
Transfers
Gain
(Losses)
Income Expendilu
General funds
Endowment
funds
8.3T3.158
487.760
(616.599J
149.977
298.641
8.692.937
1.668.965
3.541
(3.541)
233, 119
7,902,084
Restricted
funds
21.021.272
486.994
(394.334)
(149.977)
2.084,326 23.048.281
31,063.395
978.295 (1.014.474J
2,616.086 33,643,302
18.
Analysis of net a$5ets between funds
Anatysis of nèt assets between funds- current year
Endowrnent Restricted Unrestricted
funds
funds
funds
2023
2023
2033
Total
funds
2023
Tangible fixed assets
Fixed asset investments .
Current assets
Creditors due wlhin yEar
60.132
1.945.967 21,742,788
792.229
120.360)
1.913.916
1,974.048
6.130,055 29.818.810
220,354
1.012.583
(41.740)
{62.1001
Total
1.945.967 22.574.789
8.222.585 32,743,341
Page 29

',GENERALL.CONFERENCE'OF"..THE:'NEIfyI.CHURCH':'
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
18. Analysis of net assets between funds (continued)
Analysis of net assets between funds- prior year
Endowment
funds
2022
Reslricted Unrestiicted
fvnds
funds
2022
2022
Total
funds
2022
Tangible fixed assèls
Fixed asset inveslments
67.997
1,902,084 22.269. 160
717.484
{360)
1,960.045
2.028.042
6,692, 752 30,863.396
104. 776
816,200
(63.976)
f64.336J
CUr￿nt assets
Creditors due wthsn one year
Total
1.902,084 23,048,281
8.692,937 33,643,302
19. Re¢on¢il•ation of net movement in fvnd$ te net cash flow from operating activtties
2023
2023
Net incomelexp8ndibJre for the year las per Stalement of Finanryal
Aclivitiesl
1899,961) 2.579.907
Adjustments for.
Depreualion cJ)arges
LossesllGainsl on investsnents
Dividends, inlerests and ren15 from investrnents
Lossllpfofit) on the Sale of fixed assets
Decreasellincreas81 in stocks
Increase in debtors
Increaselldecrease) in ￿dit￿$
75.630
63,358
897.479 (2,676,086)
1701.392)
f611,655J
(28.696)
(2,05T)
(3Q,879)
15.145
780
1117.464)
(2.2361
Net cash used in operating activities
1747.1641
(630,963)
Page 30

IA company_."iiiTrited-.b"y_""g_uaranlee),..
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
.20.
Analysis of c45h and cash equivalqnts
2023
2022
Cash in harKI
837.999
758.300
Total cash and cash eguivalents
837,999
758.300
21.
Analysis of ehanges in nèt dèbt
At 1 Awll
2022 Cash flows
At 31 March
2023
Cash at bank and in hand
758.300
79.699
837.999
758,300
79.699
837,999
22.
Related party transactions
Th8 charity is conirolled by the Board of Trustees vtho are considered to be the key
management personnel.
The.Corrference is an "umbrella. ¢yganisation 7Mth 10 operational S￿letIeS. It is the Custodian Trustee for
all of the societies. Propety is owned by 9 of the 10 operational societses. The properties held by the
individual societies are not consdidated within the financial statements.
The cOnfere￿e received contn"buts"ons from the weties lo help cover its running Costs. These totalled
£110,63012021.' £1(￿,280).
The Conference acts as 8 trustee to The New Church College and receives dMab"ons from 8 ftjnd held
by the Comege. jointly with Conference. These totalled £6012022: £551.
The Conference acts as trustee to Broadfield and at the balan¢e sheet date, had fecognised £10.304
12022." £10.3041 wthin the cash at bank r￿Ure whKh is hel¢J on their behalf. During Ihe year. Broadfield
received total funds of £Nil12022'. £5,565) from the pnncipal and had spent total funds ol £Nil12022.. £21
by the year end.
The Conference also administers Ihe assets of The Ccwnmon Investmenl Fund on behalf of its societies.
The assets of this fund are held in tnjst separatdy to those of The Conleren¢e.
The Common Investment Fund holds funds for trM)th existing an¢J closed soueties. The assels of the fund
relating to existing and d05ed societie5 are induded in the financial stalements. Further details of these
transa¢ts"ons are Ind[￿ed in ihe Investment note.
Pège 31