| Forthe year ended 31 IHarch | 2023 | |||
|---|---|---|---|---|
| Note | 2023 | 2022 | ||
| 5 | ||||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| Incoming Resources | ||||
| Investment income |
84,064 | 52,074 | ||
| Total Incoming Resources | 84,084 | 52,074 | ||
| Resources Expended | ||||
| Expenditure on charitable activities |
62,173 | 62,980 | ||
| Governance and administration |
costs | 6,548 | 5,151 | |
| Total Resources Expended | 88,721 | 69,131 | ||
| Net Outgoing Resources for |
the year | (4,657) | (17,057) | |
| Other Recognised (Losses) IGains | ||||
| on investment assets |
(76,147) | 181,588 | ||
| Net movement In funds |
(80,804) | 164,529 | ||
| Reconciliation offunds | ||||
| Total funds brought forward |
2,101,838 | 1,937,309 | ||
| Total funds carried forward | 2,021,034 | 2,101,838 |
| 2022 | |||
|---|---|---|---|
| Oividends | 60,167 | 51,979 | |
| Interest received | 3,887 | 95 | |
| 64,084 | ~52 074 | ||
| Afi Invesbttent | income is derived from assets held in ths UK, |
| Grants were | made to th | e governing bodies ofthe foficwin |
g dioceses | |
|---|---|---|---|---|
| 2022 | ||||
| Antsiranane, | Madagascw | 3,000 | ||
| Befize | 10,000 | 10,000 | ||
| Barbados - Codrington | College | 15,452 | ||
| Guyana | 6,000 | 7,702 | ||
| Mahajenga, Madagascar |
10,000 | 8,000 | ||
| Mauritius | 6,000 | 5,000 | ||
| North East Caribbea end Aruba | 4,000 | 8,278 | ||
| Seychelles (two grants) | 8,700 | 10,MO | ||
| Trinidad and | Tobago | 5,000 | ||
| The Windward | Isles | 5,000 |
| 5 | eovemance | costs | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 8 | 2 | |||
| Administrative | costs | 4,412 | 4,111 | |
| Audit | 2,136 | 2,040 | ||
| s.sss | 8,1st |
| 8 | Investments | ||
|---|---|---|---|
| 2023 | 2022 | ||
| investments held as fixed assets |
|||
| Common Investment Funds |
|||
| Market Value at 1 April 2022 | 2,074,561 | 1,892,$75 | |
| Unreslised Investment gains/(losses) |
(76.147) | 181,586 | |
| Market value at31 March 2023 | 1,$98,414 | 2,074,561 | |
| Hisloric costat31 March 2023 | 1,591,240 | 1,501,240 | |
| lrlvsstrllsrlls held ss curmrlt assets |
|||
| Common Investment Funds |
|||
| Market value at31 March 2022and 2023 | 20,000 | ||
| All common investment funds are held in the Uic |
| Liabgiges: amounts | dus within one year | |
| 2022 | ||
| 5 | ||
| Gmnts payable | 12,328 | |
| Accrusls | 2,040 |
| Long-Term | Working | Total | |||
|---|---|---|---|---|---|
| CapitalFund | Capital Fund | Funds | |||
| 8 | 2 | 5 | |||
| Balances | et 1stApril | 2022 | 2,074,581 | 27,277 | 2,101,838 |
| Deficit for | the year | (4,857) | (4,857) | ||
| Unrealised | investment | lass | (78,147) | (78,147) | |
| Balances | at31stMarch 2023 | 1,$98,414 | 2,021,034 |