Charity number: 254943
ALL SAINTS CHURCH CLIFTON ENDOWMENTS
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
? Bishop Fleming

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustees. Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Ststements
8-17

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Mr R Hopkins
Mr M Robinson
Mrs A Bradley
Miss L Trude
Ms V Gordon (appointed 13 June 20231
Mr B Thorp lappoinled 13 June 20231
Charity registered
number
254943
Principal office
68 Pembroke Road
Clifton
Bristol
BS8 3ED
Clerk to the Trustees
A Morgan (elected annually to this offits and invited to attend meetrngsl
Bishop Fleming LLP
Chartered Accountants
10 Temple Back
Bristol
BS16FL
Independent examlner
Bankers
Lloyds Bank plc
58 Queens Road
Clifton
Bristol
BS8 1BQ
Solicitors
R Drewett
Vvomble Bond Dickinson IUKI LLP
3 Temple Quay
Temple Back East
Bristol
BS16DZ
Page 1

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annu81 report together with the financial slalemen15 of the charity for the 1 January
2023 to 31 December 2023.
Objectives and actlvltles
a. Policies and objectlves
In setting objectives and planning for aclNilies, the Trustees have given due consideration lo general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running
charity {PB2)'.
b. Objectives and activities
The objects of the Charity are for such purposes connected with the church of All Saints Clifton, Bristol or for
such charitable, religious, or educational purposes whether connected or unconnected with the said church as
the Iruslees shall think fit.
The Trustees, strategy and the Trust's activities are planned to reflect the long-term nature and considerable
costs of the care of a listed church which is both of immense Christian spiritual importance, being fimily rooted in
the Catholic tradition as well as being of considerable historic and cultural value. The trustees have r4ard to the
public benefit guidance of the Charity Commission when reviewng the Charity's aims and objectives and in
planning for the future.
Regular maintenance programmes for the church a￿ based on the compulsory Quinquennial Inspection by the
church archilecl, the most recent of which look place in 2019.
Longer tem planned repairs are dealt with as necessary in consultation with the Churchwardens and with the
approval and authority of the Parochial Church Council IPCC) of the church which is legally responsible for the
care of the fabric of the church with 8dviee and recommendations of professional advisors and the approval of
the necessary statutory bodies such as the Diocesan Advisory Council.
All Saint's church was erected in 1967 and consequently certain parts of the fabric have now deteriorated and
become ouldaled.
In particular the "Piperf, wndows are deteriorating and need conserving. Also. the Trustees are aware of the
PCC'S plans for the improvement of the Church's anci51ary facililities and its energy efficiency.
Whilst giving requests from the PCC sympalhelic Consideration, the trustees are very aware of both their
immediate and long-term obligatiorss and will, therefore, give very careful consideration to these commitments
whilst trying lo support the church.
The Trustees will continue lo commit significant annual expenditure to the provision of a vicarage and the
maintenance of church gardens in its ownership and grounds and trees belonging lo the PCC, together with
match-funding of the congregation's charity giving.
Page 2

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance
a. Maln achievements of the Charity
The Trustees continue to maintsin the vicarage and surrounding gardens. The vicar is housed on the ground and
lower ground floor of 68 Pembroke Road, Clifton, BS8 3ED for which no rent is charged. This represents a18rge
donation to the diocese.
The extensNe grounds owned by The Trustees are maintained as are the lawns owned by the church.
A mature row of Limes owned by the church in Alma Vale Road are also annually maintained by The Trustees.
A gardener is employed on a weekly basis and a specialist tree surgeon is engaged when required to prune the
numerous trees on the site.
The Trustees have drawn up a legal agreement be￿een themselves and the PCC to enable more use of the
gardens by the church.
The Iruslees are mindful of the increasing cost of maintenance of the church, the residential units and the likety
but currently unknown challenges to be faced in supporting the work and witness of All Saints. The trustees
endeavour lo maximise their capital lo provide sufFi¢ienl income to meet these challenges.
The Trustees have agreed to match the charitable giving raised by the church and whilst planning to continue for
the present, this arrangement will be reviewed annually.
Financlal review
. Golng concèm
After making appropriate enquiries. the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial statements. Further detsils regarding the adoption of the going
Concern basis can be found in the accounting policies.
b. Reserves pollcy
The Trustees monitor their reserves policy through the review of their investment policy and aim lo maximise the
return of their investments and properties. The fixed assets of £6,721,184 12022 - £6,203,638) a￿ held lo
provide future income. The policy is lo distribute all surplus income each year with ieserves retained at current
levels to maintain annual income levels, unless funds are needed lo be retained for future major expenditure.
The current level of free reserves of £62.001 (2022 - £131,979) is SLtfficient lo meet anlicipaled grant giving and
property acquisitions in the near future.
c. Principal funding
The Charity derives ils income from rents from Its properties and from deposits and investments with The
Church of England Central Board of Finance. These are regularly reviewed.
Page 3

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure? governance and management
a. Constltutlon
The Charity was sel up under two dedaratSons of Trust dated 15th January 1884 and 26th January 1923
respectively and amended by an Order of the Commissioners dated 20th February 2001.
b. Methods of appointment or election of Trustees
As and when required Trustees are selected and appointed by existing Trustees having carefully consKlered the
expertise that is requirgd. They are appraised of their duties a5 Trustees of a Charity and ftjrther training is
offered when necessary.
Plans for future periods
The Iruslees are committed to preserving as much of their capital as possible in order lo maximise their income
lo meet the increasing expenditure required lo maintain its fixed annual commitments outlined above, as well as
being able to giva due consideration for donations to other areas of need.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and United lQ'ngdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclicel-
The 18w applicable to charities In England & Wales requires thè Trustee5 to prepare financial stalemgnls for
each financial which give a true and fair view of the slate of affairs of the charity and of its incoming resources
and application of resources. including its income and expenditure, for that period. In preparing these financial
ststemenls, th8 Twslees are required to..
select suitable accounting policies and then apply them consSslenlly.-
obseTve the methods and principles of the Charities SORP IFRS 1021..
make judgments and accounting eslimales that are reasonablè and prudent.,
stale whether appllcable UK Accounting Standards IFRS 1021 have been followed. subject lo any material
departures dis¢losed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Trustees are resw)nsible for keeping adequate accounting records that are sufficient lo show and explain
the charitls transactions and disclose with reasonable accuracy al any time the financial position of the charity
and enable them lo ensure that the financial statetnents comply wth the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets ol the charity and hence for taking reasonable steps for the prevention and delectlon of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by.
Mr R Hopkln
Trustee
Date. Qo2(fr
Page 4

ALL SAINTS CHURCH CLIFfoN ENDOWMENTS
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ALL SAINTS CHURCH CLIFTON
ENDOWMENTS {'the charity'l
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 De￿mber
2023.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the prepar8tiOf7 of the accounts in aecordan¢e with the
requirements of the Charities Act 2011 ('the 2011 Act'}.
Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
accounts carried out under section 14S of the 2011 Act and in carrying out my examination I have followed the
applicable Directions given by the Charity Commission under section 14515)Ib) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come to my attention in connectron with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charty as required by section 130 of the 2011 Act., or
the 8ecounls do not accord with those records,. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give 8 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection wilh the examination to whioh
attention should be drawn in this report in order to enable a prO￿r understanding of the accounts lo be reached.
This report is made solely to the charity's Trustees, as a body. in accordan¢e with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state lo the charitys
Trustees those matters l am required to stale lo them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the
charity and the charity's Trustees as a body, for my work or for this report.
Signed..
David Butl
Dated..
Cl6Jb go Z+
r FCA DChA
BISHOP FLEMING LLP
Chartered Accountants
10 Temple Back
Bristol
BS16FL
Page 5

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Charitable activities
Investments
36,000
95,723
36,000
95,723
36,000
174,382
Total income
131,723
131,723
210,382
Expenditure on:
Raising funds
Charitable activib'es
19,784
81.917
19,784
81.917
15.001
182,646
Total expenditure
101,701
101,701
197,647
Net gainsl(lossesl on investments
417.546
417.546
1440,6571
Net movement in funds
447,568
447,568
1427,922)
Rgconclllation of funds:
Total funds brought forward
Nel movement in funds
6.335,617
447,568
6,335.617
447,568
6,763,539
1427,9221
Total funds carrled forward
6,783.185
6,783,185
6.335,617
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 8 to 17 form part of these financial statements.
Page 6

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
BALANCE SHEET
AS AT 310ECEMBER 2023
2023
2022
Note
Fixed assets
TangSble assets
Investment property
Investments
10
11
12
800,000
1.835.000
4,086,184
800,000
1,835.000
3.568,638
6.721,184
6.203,638
c￿￿ent assats
Bank and cash balances
67.354
135.269
67,354
135,269
Credltors-. amounts falling due within one
year
13
{5,3531
(3,2901
Net current assets
62.001
131.979
Total asset$ less current Ilabllitles
6,783.185
6.335,617
Total not a$$¢ts
6.783.185
6,335.617
Charity funds
Unieslricted funds
14
6.783,185
6,335,617
Total funds
6,783,185
6,335,617
The financial ststements were approved and aulhorlsed for issue by the Trustees and signed on their behalf by.
Mr R Hopklns
Chair of Trustees
The notes on pages 8 10 17 form part of these finanaal stalemenls.
Page 7

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
GENERAL INFORMATION
All Saints ChuTch Clifton Endowments is a charity registered in England and Wales. The registered
charity number is 254943 and address of the registered office 15 68 Pembroke Road, Clifton. Bristol, BS8
3ED.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 10218nd the Charib'es Act 2011.
The presentational currency of the financial statements is sterling which is the functional currency of
the company and the financial slalemenls are rounded to the nearest £. The financial information of
the current period relates to the year ended 31 December 2023 and the comparative information
related lo the year ended 310ecember 2022.
I Saints Church Clifton Endowments meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised al historical cost or transaction value unless olherwse
stated in the relevant accounting policy.
2.2 GOING CONCERN
The Trustees have a reasonable expectation that the charity has adequate resour￿$ lo continue in
operational existence for the foreseeable future. The Trustees believe the going concern basis of
accounting is appropriate in preparing the annual financial slalemenls.
2.3 INCOME
All income is recognised once the charity has entitlement to the income, il is probable that the Income
will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the lime the investment
income is receivable.
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obli9alion lo transfer economic benefrt
lo a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared Costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated d1￿cl1Y
lo that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activib'es on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation
Charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its
¢haritable purposes and includes costs of all fundraising activities events and non-charilable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
harity's objectives. as well as any associated support costs.
Page 8

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES (continued)
2.4 EXPENDITURE ICONTINUEDI
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions allaching are
fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure 1$ inclusive of irrecoverable VAT.
2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets costr'ng £100 or more are capitalised and recognised when future economic
benefits are probable and the eost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at Cost. After recognition, under the cost model, tangible
fixed assets are measured at eost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depre¢ialion is provided on the following bases..
Freehold property
Fixtures and fitting$
not depreciated
200% slraighl line b8SiS
Freehold propety is valued at market value on an annual basis.
2.6 INVESTMENT PROPERTY
Investment propety is staled at market value and revalued regularfy either by the Trustees or a
qualified professional as deemed appropriate by the Trustees.
The market value at the 31 December 2023 was provided by A. Morgan, Estate Agent and Clerk lo
the Trustees.
2.7 INVESTMENTS
Fixed asset investments are a form of financial instrument and are initially recognised al their
transaction cost and subsequently measured al fair value at the Balance Sheet date, unless the value
cannot be measured reliably in which case il is measurecs at cost less impairment. Investment gains
and losses, whether realised or unre81ised. are combined and presented as 'GainsllLossesl on
investments. in the Statement of Financial Aclivilies.
2.8 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
Page 9

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES (continued)
2.9 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation al the Balance Sheet dale as 8 result of a past
event, it is probable that a transfer of economi¢ benefit will be required in settlement, and the amount
of the selllement can be eslimaled ieliably.
Liabilities are recognised at the amount that the charity anlicipales it will pay to settlè the debt or the
amount it has received as advanced payments for the goods or services il must prowde.
Provisions are measured al the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.10 FINANCIAL INSTRUMENTS
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which Sre subsequently
measured at amortised cost using the effeth've interest method.
2.11 FUND ACCOUNTING
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unreslricled funds that have been sel aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes lo the financial
stalemenls.
The charity only has unreslricled funds.
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Vicarage rent
36.000
36,000
36,000
Page 10

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
INVESTMENT INCOME
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Investment income from UK investment properties
Income from UK listed investments
57,240
38,483
57.240
38,483
55,200
119,182
95,723
95,723
174,382
INVESTMENT MANAGEMENT COSTS
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Repairs and maintenance
Insuran
Legal and professional
Depreciation
18,609
1,175
18.609
1,17S
11,324
271
2,700
706
19,784
19,784
1 S,001
Page11

ALL SAINTS CHURCH CLI￿oN ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Vicarage
and other
costs
2023
Grant Support and
funding of governanee
activities
costs
Total
funds
2023
Total
funds
2022
2023
2023
Total costs
Other donations
52.351
9.833
850
18.883
81.067
850
182,646
52,351
10,683
18,883
81,917
182.646
TOTAL 2022
69,291
91,635
21,720
182,646
ANALYSIS OF DIRECT COSTS
Total
funds
2023
Total
funds
2022
Depreciation
Rent
839
36,000
294
16,057
36,000
541
31,911
Insurance
Repairs and maintenance
52,351
69,291
ANALYSIS OF SUPPORT COSTS
Total
funds
2023
Total
funds
2022
Support costs
A¢¢ounlancy fees - Independent Examinerfs fees
Clerk to the Trustees, fees and expenses
4,191
8,692
6.000
11,670
4,760
5,290
18,883
21,720
Page 12

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ANALYSIS OF GRANTS
Grants to
Institutions
2023
Total
funds
2023
Total
funds
2022
Grants and Donations lo the PCC
Other Donations
9,833
850
9,833
850
91,635
10,683
10,683
91,635
INDEPENDENT EXAMINER'S REMUNERATION
2023
2022
Fees payable to the charity's independent examiner for the independent
examination of the charity's annual accounts
Fees payable to the charity's independent examiner in respect of..
Al other services not included above
4,200
3,290
2.692
1.225
TRUSTEES, REMUNERATION AND EXPENSES
During the year. no Trustees received any remuneration or other benefils12022 - £NILI.
During the year ended 31 December 2023. no Trustee expenses have been incLtrred {2022 - £NILI.
Page 13

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10. TANGIBLE FIXED ASSETS
Freehold Fixtures and
property
fittlngs
Total
COST OR VALUATION
At 1 January 2023
800,000
21,455
821.455
Al 31 Decernber 2023
800.000
21,455
821,455
DEPRECIATION
At 1 January 2023
21.455
21,455
At 31 De￿mber 2023
21,455
21,455
NET BOOK VALUE
At 31 December 2023
800,000
800,000
At 31 December2022
800,000
800,000
The 2023 valuations were made by A.Morgan, Estate Agent and Clerk to the Trustees, on an open
market value for existing use basis.
The charity has adopted a poliey of revaluation for tangible fixed assets. Had these assets been
measured al historic cost. the carrying values would have been as follows=
2023
2022
Freehold property
170,157
170,157
Page 14

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. INVESTMENT PROPERTY
Freehold
Investment
property
VALUATION
At 1 January 2023
1,835,000
At 31 December 2023
1.835.000
The 2023 valuations were made by A.Morgan, Estate Agent and Clerk lo the Trustees, on an open market
value for existing use basis.
The historical cost of the Investment property is £1.171.887.
12. FIXED ASSET INVESTMENTS
Listed
investments
COST OR VALUATION
At 1 January 2023
Additions
Revaluations
3.568.638
100,000
417,546
AT 31 DECEMBER 2023
4,086,184
NET BOOK VALUE
AT 31 DECEMBER 2023
4,086,184
AT 31 DECEMBER 2022
3,568,638
All the fixed asset investments are listed investments and are held in the UK.
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
other creditors
Accruals and deferred income
1,153
4,200
3.290
5,353
3,290
Page 15

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31
Transfers
Gainsl December
inlout {Lossesl
2023
Balance at 1
January
2023 Incorne Expenditure
UNRESTRICTED
FUNDS
DESIGNATED FUNDS
Investments
6,203,638
100.000
417,546
6,721,184
GENERAL FUNDS
General Funds
131,979 131,723
{101,7011 1100.0001
62,001
TOTAL
UNRESTRICTED
FUNDS
6,335,617
131,723
1101,701)
417,$46
6,783,185
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
31
December
2022
Balance al
1 January
2022
Gainsl
(Losses)
Income Expenditure
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Investments
6.469,913
174,382
1440,6571 6.203.638
GENERAL FUNDS
General Funds
293,626
36,000
(197,6471
131,979
TOTAL UNRESTRICTED
FUNDS
6,763,539
210,382
{197.6471 1440,6571 6.335,617
The funds of the charity have been split between designated and unrestricted within the current year. As
all funds are classified as unrestricted. a nel assets be￿een funds analysis is not required.
Page 16

ALL SAINTS CHURCH CLIFTON ENDOWMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. RELATED PARTY TRANSACTIONS
A Morgan, Clerk to the Trustee5, has declared his interest in transactions with the Charity. He rents a flat
from the Charity and has paid rent of £13.200 al market value 12022.. £12,000) and received fees of
£6,000 (2022.. £5,290) for his services as Clerk to the Trustees. Al 31 December 2023 the Charity owed
A Morgan £nil {2022.. £3,000) in respect of fees.
The Endowment Trust has also directly mel net expenses relating lo the Vicarage of £16.351 12022..
£33,291).
Page 17