## ## |||PAGE| |---|---|---| |Report ofthe trustees||| |Independent
auditor's|report to the trustees|| |Statement
of financial|activities|| |Balance sheet||12| |Notes to the financial|statements|13| ## ## ## |Registered|charity|name||Anne French Memorial|Anne French Memorial|Trust|||| |---|---|---|---|---|---|---|---|---|---| |Charity registration||number||254567|||||| |Principal office||||Bishop's House|||||| |||||Norwich|||||| |||||Norfolk|||||| |||||NR3 1SB|||||| |The trustees|||||||||| |The trustees|who served||during the year and at the||date of approval||were as follows:||| |||||The Rt Revd Graham||Usher, Bishop of Norwich|||| |||||The Venerable|Steven|Betts, Archdeacon|||of Norfolk| |||||Stuart Jones, Bishop's||Legal Secretary|||| |Administrator||||Mrs Louise Cumberland|||||| |Financial advisor||||Nigel Whitlam|||||| |Auditor||||Lovewell Blake|LLP||||| |||||Chartered
accountants||8 statutory||auditor|| |||||Bankside 300|||||| |||||Peachman
Way|||||| |||||Broadland
Business Park|||||| |||||Norwich|||||| |||||NR7 OLB|||||| |Bankers||||Barclays Bank Pic|||||| |||||3 StJames Court|||||| |||||Norwich|||||| |||||Norfolk|||||| |||||NR3 1RJ|||||| ## |Report ofthe Trus
Year ended 5April|tees
(continued)
2023|| |---|---|---| |Solicitors|Birketts|| ||Kingfisher|House| ||1 Gilders Way|| ||Norwich|| ||Norfolk|| ||NR3 1UB|| |Stockbrokers|Barratt 8 Cooke Limited|| ||5-6 Opie Street|| ||Norwich|| ||Norfolk|| ||NR1 3DW|| ## ## ## ## ## ## ## ## ## ## ## ## |||||Percentage
of| |---|---|---|---|---| |||||total grants| |||||awarded
(%)| |Charities|and community||groups|35%| |Clergy support||||| |Training|oforganists|||4%| |Lay development||officers||18%| |Churches|and church property|||12%| |Other||||14%| ## |||2023|2022| |---|---|---|---| |||F|F| |General funds||249,859|247,348| |Lay Development|Fund||40,068| |Bishop of Norwich|Fabric Fund|6,000|8,000| |Bishop Ingle Holiday Trust (restricted)|||4,500| |||255,859|299,916| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Funds||| |---|---|---|---|---|---|---|---|---| ||||||||Total|Total| ||||Note|Income|Capital|Designated|Funds|Funds| |||||Fund
F|Fundf|Funds|2023
E|2022| |Income from:||||||||| |Donations
and legacies||||||||4,500| |Investments||||253201|||253 201|253 291| |Total income||||253201|||253 201|257 791| |Expenditure
on:||||||||| |Charitable
activities:||||||||| |Grants committed
in||year||249,859||6,000|255,859|299,916| |Grant commitments||written||||||| |back||||||||(328,694)| |Administration,|governance|||||||| |and finance costs||||14943||96|15039|18794| |Total expenditure||||264 802||6096|270 898|~9984| |Net (losses)/gains|on||||~452 332||~452 332|918853| |investments||||||||| |Net income||||(11,601)|(452,332)|(6,096)|(470,029)|1,186,628| |Transfer of Lay Development||||||||| |fund
Transfer to Capital|fund||15
15|(28,571)
~88442|972,306
88 442|(943,735)||| |Net movement
in|funds|||(128,614)|608,416|(949,831)|(470,029)|1,186,628| |Reconciliation
of|funds|||||||| |Total funds brought|forward|||192883|7 844 113|998508|9035 504|7 848 876| |Total funds carried forward||||||||| ## ## |5April 20|23|||||||| |---|---|---|---|---|---|---|---|---| ||||||2023||2022|| |||||Note||||| |Fixed assets||||||||| |Investments||||||8,452,529||8,906,628| |Current assets||||||||| |Debtors||||12|5,548||5,096|| |Cash at bank|and|in|hand||146,045||167,469|| ||||||151,593||172,565|| |Creditors: Amounts|||falling due within|||||| |one year||||13|(23,647)||(23,689)|| |Net current assets||||||127,946||148,876| |Total assets|less|current liabilities||||8,580,475||9,055,504| |Creditors: Amounts|||falling due after|||||| |more than one year||||14||(15,000)||(20,000)| |Net assets||||||8,565,475||9,035,504| |Funds ofthe charity||||||||| |Unrestricted|funds|||||8,565,475||9,035,504| |Total charity|funds|||15||8,565,475||9,035,504| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations
and legacies||||||| |---|---|---|---|---|---|---| ||Restricted|Total|Funds|Restricted|Total|Funds| ||Funds||2023|Funds||2022| ||F|||f.||| |Grants||||||| |Grants||||4,500||4,500| ## |Investment
income||||| |---|---|---|---|---| ||Unrestricted|Total Funds|Unrestricted|Total Funds| ||Funds|2023|Funds|2022| ||E|f|F|F| |Fixed interest securities|37,064|37,064|36,138|36,138| |Equities|214,642|214,642|216,800|216,800| |Interest receivable|1,495|1,495|353|353| ||253,201|253,201|253,291|253,291| ## ## ## ## ||||||Grant funding|||Total funds|Total fund| |---|---|---|---|---|---|---|---|---|---| ||||||ofactivities||Support costs|2023|2022| ||||||E||E||E| |Grants|||||255,859|||255,859|299,916| |St Mary's Church
Earlham|||grant||||||| |commitment
written
back|||||||||(328,694)| |Finance costs|||||||||5,300| |Governance
costs|||||||15,039|15,039|13,494| ||||||255,859||15,039|270,898|(9,984)| |The grants recognised||during the year are analysed as||||follows:|||| ||||||Number||2023
f||2022| |Grants to institutions|||||||||| |Non Clergy grants
Charities
in the Diocese of Norwich|||||29*||24,154||26,967| |UKME Bursary|||||||||25,000| |Norfolk Church
Buildings|||||||||| |Commission|||||||||10,000| |Norfolk Samaritans|||||||25,000||| |Thornage
Hall Independent||||Living|||10,000||| |King's Lynn Night|Shelter||||||5,000||| |Earlham
Missional||Community|||||13,511||| |Synergy
MAT Trust|||||||5,000||| |Norfolk Community||Foundation|||||||| |(Bishop's Fund)|||||||6,490||5,500| |Buildings
and maintenance|||||||||| |Parsonages|||||||30,000||30,000| |Other payments
out of||normal
income|||||||| |Lay development
Fabric fund|officers||||1
6*||45,679
6,000||40,068
8,000| ||||||||170,834||145,535| |Grants to individuals|||||||||| |Support ofclergy
Holiday grants|||||15*||10,657||8,404| |Diocesan Clergy Conference
Courses and conferences|||||6*||5,087||18,206
4,050| |Books and gift tokens|||||122||2,344||2,577| |Holy Week gifts|||||395||2,715||| |Other|||||10||1,795||757| |Holy Land Pilgrimage|||||19||20,000||| |Youth and training|||||||||| |Organists|||||15||11,465||7,590| ## ## ## ## ||Expenditure
on charita|b|le
activ|ities
by activity t|ype (continued)||| |---|---|---|---|---|---|---|---| ||Diocesan Expenses||||||| ||Prizes||||1,057||1,000| ||Diocesan Mediation||Scheme||8,905||11,763| ||Strategic Programme||Manager||||50,000| ||Giving Advisor||||||50,000| ||Parish Pastoral Issue||||21,000||| ||Other||||||34| ||||||85,025||154,381| ||Total grants||||255,859||299,916| ||*No grant exceeded F5,000.||||||| |7.|Analysis ofgovernance||costs||||| |||||||Total Funds|Total Funds| |||||||2023|2022| ||Audit and accountancy|(including||VAT)||5,196|4,536| ||Advisory
and Administration|||||8,400|7,700| ||Insurance|||||553|526| ||Bank charges|||||194|96| ||Investment
fees|||||696|636| |||||||15,039|13,494| ## |8.|Net (loss|es)/g|ains
on inv|est|ments||||| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||||Funds|2023|Funds|2022| |||||||E|||| ||Losses/(gains)||on investment||assets|(452,332)|(452,332)|918,853|918,853| |9.|Auditors|remuneration|||||||| |||||||||2023|2022| ||||||||||E| ||Fees payable||for the audit|of|the financial|statements||4,056|3,480| ||Fees payable||for non-audit|services||||1 140|1 056| |||||||||5,196|4,536| ## ## ## ## ## ||||Cash or cash|Listed|| |---|---|---|---|---|---| ||||equivalents|investments|Total
f| |Cost or valuation|||||| |At 6 April|2022||122,717|8,783,911|8,906,628| |Additions|||81,334|891,289|972,623| |Disposals||||(974,390)|(974,390)| |Losses on investment||assets||(452,332)|(452,332)| |At 5April|2023||204,051|8,248,478|8,452,529| |Carrying|amount||||| |At 5April|2023||204,051|8,248,478|8,452,529| |At 5 April|2022||122,717|8,783,911|8,906,628| ## |12.|Debtors|||||| |---|---|---|---|---|---|---| ||||||2023|2022| ||||||f|| ||Prepayments|and|accrued income||5,548|5,096| |13.|Creditors: Amounts|||falling due within one year||| ||||||2023|2022| |||||||E| ||Accruals and|deferred||income|5,196|4,536| ||Grants committed||- Lay development||11,471|10,008| ||Grants committed||- UKME Bursary||5,000|5,000| ||Grants committed||- Other||1,980|4,145| ||||||23,647|23,689| ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |Grants|committed|-|UKME|Bursary|15,000|20,000| ## ## ## |2023||||||||| |---|---|---|---|---|---|---|---|---| ||||At 6 April||||Gains and|At 5April| ||||2022|Income|Expenditure|Transfers|losses|2023| |General|Funds||192,883|253,201|(264,802)|(117,013)||64,269| |Capital|Fund||7,844,113|||1,060,748|(452,332)|8,452,529| |Lay Development||||||||| |Fund|||943,735|||(943,735)||| |Clergy||||||||| |Conference||Fund|30,000|||||30,000| |Fabric|Fund||24,773||(6,096)|||18,677| ||||9,035,504|253,201|(270,898)||(452,332)|8,565,475| ## ## |2022||||||||| |---|---|---|---|---|---|---|---|---| ||||At 6 April||||Gains and|At 5April| ||||2021|Income|Expenditure|Transfers|losses|2022| |General|Funds||(311,387)|225,679|62,648|215,943||192,883| |Capital|Fund||7,075,568|||(50,000)|818,545|7,844,113| |Lay Development||||||||| |Fund|||855,883|27,612|(40,068)||100,308|943,735| |Building|Fund||96,441|||(96,441)||| |Clergy||||||||| |Conference||Fund|119,502|||(89,502)||30,000| |Fabric Fund|||12,869||(8,096)|20,000||24,773| ||||7,848,876|253,291|14,484||918,853|9,035,504| |Restricted funds||||||||| |Bishop|Ingle|||||||| |Holiday|Trust|||4,500|(4,500)|||| ||||7,848,876|257,791|9,984||918,853|9,035,504| ## ## ## ## ## ## ## ## |2023||||||||| |---|---|---|---|---|---|---|---|---| |||||Tangible||Net current|Non current|| |||||fixed assets|Investments|assets|liabilities|Total| |||||F||F|F|| |Unrestricted||Income Funds:||||||| |Capital|Fund||||8,452,529|||8,452,529| |Clergy|Conference||Fund|||30,000||30,000| |Fabric|Fund|||||18,677||18,677| |General|Funds|||||79,269|(15,000)|64,269| ||||||8,452,529|127,946|(15,000)|8,565,475| |2022||||||||| |||||Tangible||Net current|Non current|| |||||fixed assets|Investments|assets|liabilities|Total| |||||E|||F|| |Unrestricted||Income Funds:||||||| |Capital|Fund||||7,934,322|(90,209)||7,844,113| |Clergy|Conference||Fund|||30,000||30,000| |Lay Development|||Fund||972,306|(28,571)||943,735| |Fabric|Fund|||||24,773||24,773| |General|Funds|||||202,883|(20,000)|192,883| ||||||8,906,628|148,876|(20,000)|9,035,504| ## |Financial
in|struments|||||| |---|---|---|---|---|---|---| |The carrying|amount for each|category offinancial|instrument|is as follows||| ||||||2023|2022| |||||||F| |Financial assets measured||at fair value through|income|and expenditure||| |Fixed asset|listed investments|(note 11)|||8,452,529|8,906,628|