New Church UK The General Church of the New Jerusalem Council Ltd. Report and financial statements for the year ended 5th April 2024. Registered Company No. 01023523 Regi¥leTed Charty No. 263121
Church UK The Gonoral Church of the Jerusalem Council Lld. (A Company Ilmlte(J by Guaranlee not having a Share Capklal} Registered Crynp8ny No. 01023523. Regislered Charity No. 283121 Registered Office.. 24 Pumbro, StonesIrt, Mn8y, Oxon. OX29 eQF Bankers.. 8ard8ys Bank e. Hltthin Br•n¢h. Indepdent Examiner. Matthew Prytsr FCA. REPORT OF DIRECTORS The Oirèctors present their Re]>0rt 2nd financial slal•menls for the year ended 5th April 2024. Princ11 Activil and Polie3 The Company's prinPaI activlty contSnued to be the management of the fin8ncl818ffairs of Ihe General Church of the New Jerusalem in Gre8t Brllain In furthera of its Dbiectives to pwenl, teach and maintain the doctrines of the New Jerusalem Church as contained in the Theological Writings of Emanuel SWe¢Jentrg. The Council's policy is to maintain and accrue Sufficient ftjnds that wll enable this activty to be carried on and extended in the future- using an investment objective of maximising retums by way of divid8nds and Interest received and long term capital appreciation. Dir Mr. A. Bruell (ffice Chairl Mr. M. Burniston {Tre0$urI Rev. E. Buss (Chairl MYS. R. Costello {Assl. Treasurer) Rev. F.C. Elphlck Mr. S. Elphick Mrs A. Leech Mr. N. Mortey Mrs. D. Morris (Secretary} Rev. G. Odhner Mr. G. Williams Mr. G. Wncoll Membershi The death ofcne member. during the year. means the membershlp now stands a150. un The Accounts for tho year ended V April 2024 are in the forrllat reqUed by th8 Charitie5 Act 2011 whilg followir#J the requirements of tre Companies Act 2006. The Board hows that the detsiled Accounts, read in conjunction with the following comments on the various funds, will enable members to obtain a fijll pidure of the financial position of the Council. eslmen The Council's investment slratsgy is lo spread equity risk from the UK to a mre global footprint,. however the proposal lo reduce holdings in the Cazenove Ch8rity Equity Value Fund still remains on hold awaiting slabilisah'on in the financial markets The overall value of the Council's investments improved slighuy sinrE the end of the last fnan¢k41 year, howevw not all fvnd¥ showed an improvement. In September, EdenTre8 closed its Amity Global Equity Fund for Charities and Ihe Investment Sub Committee deaded to switch to EdenTree's Responsible & Sustainable European Equity Fund. This resultsd in realised gains of £11,488 for the General Fund and £2,300 for the Propety Mantenance Fund. The Coun[.S own investments had a market value of £1,088.624 at 5th April 2024. showing an nreIll e investment gain of £255,056 ¢ompafed with a £24S,275 gain at 5th Aprd 2023. The market value of investments h6k¢ by th8 Council, as Trustees for the Biitish Academy and Ihe Col¢hester and Michael Church Societies, at 5th April 2024 tol8lled £1,718,115 $lwing an investment gain of £111,657 (2023 £123.275 gain), The Council also holds £89,490 in Vir9in Charity Deposit Aceounts, as TfLsslees for thèse organisations. (contued)
New Church UK The General Church of the New JerLisa:em Council Ltd. IA Company limited by Guarantee not having a Share Capilall REPOR T OF DIRECTORS Iconbnuedl General Fund The main use of this fund Is lo support the uses of the Church for the'isolated, circ$. Groups and Individu#15 Iri the Unlled Kingdom. Individual Contributn$ and donations lo the General Fund totalled £6.618, similar lo last year. Investment income and intèrest on Bank Deposits elc. 8mounted lo £26,710, a 10Vo improvement frorn last year. The fund ako benefillecl trom a legacy. of £2.000, the esl8te of Mr Christopher de Chazel The contributson lo Pastors, salaiies, for services to Ihe'open Road, by the Colchesler and Michael Church Pastors, was maintained at £26,000 with an addItnal £2,000 paid at year end. There was a surplus of income over expenditure, £4,918, whlch has been transferred lo the General Fund- the bakgnce at Sth April 2024 wa5 £640.041 after allowing foF the unrealised investment gain at that date of £149.68012Q23 £146. 187 gain} and a realised gain of £11,488 from the transfer of the EdenTree shares. GnlI1 Be tjest This fvftd contn"bules towards paslopl laS in recognition ol the educational sKle of their work. The investment incCe of this fvnd amounted to £17,507, a small improvemènt on 2U231£16,6781. Payment for the support of pastoral salanes was maintained at £13.000, with aft èdditional £4,000 paKI at year end. The balance of the lund at SUI April 2024 was £383,512 after alln9 for the investment gain at that date of £93,700 (2023 £89,397 gain}. Benevolent FuTrd This fijné is for the purpose of giving help lo such members. frfends 8nd assocsates of the Church in the United Kingdom and th8ir depèndanls as may be in financial need. This year a number of gnIS were made lotalling £2,556 (2023 £5, 1371, with income for the year totalling £3.50812023 £2,725) The bal8ftce of the fund al Slh April 2024 was £55.041 after allowing for the unrealised investtrnnl gain at that date of £6.51112023 £6.534 gain). nardvIlenhaal_merial Endowment Fund The purpN)se ofthis fund is lo promote New Church elementary school education, evangelizalion, mr& readable translations of the Wrilinga and financial autonomy of Church Societtes. The income on this lund's investments amouTrled to £1,800 and thi5, togeth8r with £6,138 income on the matching funds from the USA, was distributed to the MTch8el Church an(J Colchester Societies, The balance of the fvnd at 51b Apn"12024 was t38.587 aftgr allowing for the unrealised investment gain at that date of £5,16512023 £5,157 gain}. Newsletter Fund The Newsletter continues to be 5kilfulty edited by Anne Glover and is overseen by the Rev. E. Buss Anne a150 contsnues lo distribute the Newsletter, which is printed to a high standard al reasonable cost. Readers, contribulic>ns amounted to £1,335, Induding Gift Aid, compared with total expenses for the year of £1,608. This 08t indudes the prgduction and distribution of the Christrnas Readings 8ooklet ContribulK)ns toward the fund lolalled £334 including Gift Aid, 8nd the b8lan¢e of the fund at 5kn April 2024 was £5,06712023 £4,733). pecial Ex nses Fund The main ptJrpDse ol this fund is to support the Chu¥ctt in Europe. helping to financg Pastors, expenses for travel ovtside of the United Kingdom. This year the fund was used lo pay Rev. E Buss's travel to the Nelhertands. The balan ofthe fund al 5th April 2024 was £8,99 Ho Main enance Fund is fuf7d is used for the rapair and Maintenan of the Colchesler manse. Mr. G. Wa*Ck remains the Councsl's House Maintenance Advisor and the Directors thank him for his continued support. Expendi1v Ihis year was £1,73412023 £1,948). The balance of the fund at 5th April 2024 was £7.39412023 £4,703) (c(ned) 121
New Church UK Th• G•noral Church of thfy Jerusalem Council Ltd. IA Cunpany limited by Guaranteg not having a Share Capital) REPORT OF DIRECTORS (conllnuedl Pro Maintenanco USA Fund This fuThJ is used for th8 r8pair and maintenance of other General ChL1h propgrty. not owngd by th• Coun¢il, i the UK. The investrnent irtcome of this fvnd amounted to £27,091 and repair costs totsllod £2,850 for maintenance on the Colchester Church. The balance of the fund at 51h April 2024 was £670,559, after allowiftg foi the unrealised investment gain at that dale of £41.481 12023 £35.254 gain) and a realised gain of £2,300 ffom the trarbsfer ol the EdenTree shares. Charitable Trustees The Council contlnues to act as Custodian Trustees for the Colchester and Mhael Church Sccielies of the General Church and for the 8Tttish Academy of the General Church in fespe¢t of their propety and their investments. Churches Child Protethon Advk80 ServKe The Council is greatly indebted lo Mrs. Nancy Warwck for being the Designated Safeguarding Lead and to her deputy Mrs. Glynis Williams. Although the Counal r'n8 the responsibility of Child Prolo¢tion. the cost is funded by the BritLSh Academy's Phyllis Cwper Fund. Statement of the Res nsibilities of DirectOT5 Company law requires the Directors to prepare ststements for each financial yeaT which give 8 true and fair view of Ihe Company's finan¢Jal health at the end of the year and of Ihe profit and loss for that period. In preparing those financial statements. The Directors are wuired to select suitable accounting policies and then apply them consistently, and makejudgemenls and estimates that are reasonable and prudent, and prepare the financial statements on the going-concern basls unless it is inappropn8te to presume that the Company will continue in business. The Directors are reSp)nsIb for keeping proper accounting records which disclose wth reasonable accuracy al any time the Iln8nc4al posttson of the Company and lo enable them to ensure that the finan¢ial statements comply with the Compallies AGt 2006. They are also responsible for safeguarding th8 assets of the Company and hence for taklng Teasonable steps for the preventyJn and deteCtn of fraud and other irregularffties. Inde enden rnin Matthew Porter FCA, wai bo prcy)sed for appointmentas the Company's Independent Examiner at the Annual General Meet1ng. Small Com Advantsge has been tsken. 17 Ihe preparation of this rep)rt ofthe speclal exempkns appIable to small companies. By Order of the Board Da Morris S&retsrylDirethtr 28th May 2024 131
THE GENERAL CHURCH OF THE NEW JERUSALEM COUNCIL LIMITED IA Company Limlted by Guarantee not havlng Share Capitsl) EXAMINER'S REPORT Independent Examiner's Report to the Dlrectors of The General Church of thé N•w Jérusalèm Coun¢ll Limlted This report on the financial statements of the Company for the year ended 5 April 2024, which are sel out on pages 110 8, is in respect of an examination carried out in accordance with s.145 of the Charities Act 2011. Respectlve re8ponsibilltie8 of the PCC and examiner As the charity's Directors you are responsible for the preparation of the financial statements", you consider that the audrt requirement of Regulations and s.145 of the Charities Act 2011 do not apply, It is my responsibility lo issue this report on those financial statements in aGGordance with the terms of the Regulations. Basls of thls report My examination was carried out in accordance with the General Directions given by the Charity Commission under s.145151 Ibl of the Charities Act 2011. That examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes ¢onsidering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examin•ff8 statement In connection with my examination, no matter has come to my attention.. ich gives me reasonable cause to believe that in any material respect, the requirements to keep accounting records in accordance with section 130 of the Charrties Act 2011 and S386 of the Companies Act 2006 to prepare financial statements, which accord wrth the accounting record5 and comply with the requirements of the Charities Act 2011 and Regulations, and S396 of the compan Act 2006 and with the methods and pnnciples of the Statemenl of Recommended Practice.. Accountsng and Reporting by Charities h8ve not been met., or {2) to which, in my opinion, attentions should be drawn in order to enable a proper understanding of the accounts to be reached. Name of Principal Name of fimi Relevant professional qualification or body Address.. Mr Matthew Porter FCA Haines Watts ICAEW Enterprise House, Timbrell Street. Trowbridge, Wltshire, BA14 8PL 6 August 2024 141
New Church UK Th• Gèn•r•l Church olth• J•ru¥algm Council Ltd. (AC&Trpany by and Mt ha¥ng 8 Sham C8pI8 Restrthd L.G. Mèmri Fund5 Endont FuTrJ 2024 2023 Funds FuTrds Fn4 CDnltItn5 and Datn5 lowlon ffQFn L.G. Fund Legacy Invp5trnerttlncomB from Ilatthir¥J Fun he in U.S.A- L.G. Fund V5rgiTh D8PO3tt Income Bank Deposit Income Property Rents TotBI Inthming e.818 1.070 2.000 43,805 2,3 9,471 1.070 2,or 47,929 &914 1.035 1.000 44,616 2,324 I,0 6,138 6,138 5,987 27 97 4.150 326 328 4.425 58,330 5.177 ElPDITRE ON Direct Charitable Exp8ndilu¥o Graftts lo SocEties and IndivKIuJ Other Dwect chartsb Expenses 45,OQO 2.450 2.556 1.e08 7.938 55,494 55.990 3.882 Marogem&#t and Adrnln. Exp8r Propety Expansès 1.261 1,734 1261 1.977 Tolol Rpsllurc ExpEnded (Ncte 21 4,164 63.717 GgknB ILosstssi on Inve6kn8DI As&8ts.'- Reali3ed Not Unnallsod lor th• year 11,488 11.488 231 ,65.835'. NET IIJCtyFJFJ2EFIQLTUEE 28,169 990 29.167 163,7861 28,16 990 29.167 ie3,7eei Fund B8lènGo5'.- Brought Fprw8rd at 6th April 2023 1028 655 38 579 1 126512 FUND BNCEs G4RRIED FORWARD Af 5TH APRIL 2024 1053 824 33.$87 679 1 128512 NOTÉ Unrease Gaifts lor Los8esl on Inves* at5th Ap 2024 243,380 6,511 255,056 246.275 151
New Church UK The Goneral Chureh of th• Now J8ru8al•m Counell Ltd. (A CnpanY Ibmited by Guarwrtee and not haviroJ è Shgre ca1x> 2024 2023 Gross itomè ofo)ntinuiNJ oFeratn$ &3.507 58,153 exponditui¥ of operatrons 54.809 se,104 Nèt incom8 forthe year 8,896 2,049 Total Ineome compri6e8 £58,330 for unrestricted ftmds and £5,177 for t&8tricted Itmds A detail analysis of in¢ome by source is ptVVKJeE1 in ihe Stalemont of Fin¥n¢id A¢tNalies. Total expenflituFe o)mpriBe8 £50,445 for unreatred lund8 and £4,164 r•sbitsd fijnds. Adelailed analysis of expe111[ is provided in tha Ststement of Financk41 Ath"vthes and Note 2. Net intsyne mpseS £7.885 lor ut¥eslrtcted fijnds and £f,0#3 for restrtct8d funds. The Summary Income and Expenditure Accourrt is deriyed Irum the Slaterllenl of Fin3nci81 Activitieswhlth, togetherwith the not8$ to the AUt$, provid•s full infomiab.on on ibe rnovernents during Ihe yewon all the hjnds of Ihe Counal.
New Churdi UK The Gen•ral Chur¢h ol Ihe New Jeruyalem Councll Lld. {A Comppny lirnÉted by Guwantet and MI hIng J sha Caprta 4LbEEET AS AT 5TH APRIL 2024 2024 2023 ..JSETQ {Ncle 31 Tangible Assets.. . P8storfs Hwsè al Cost Counril IrNestmenis at Market Valu USA Investment$ 81 M J Value 158,873 1,088.624 eo1,951 1.849.248 158,673 1,068.354 593,424 1,820,451 Oeblors arml Paymerts in Ad¥ance I18 Tax not yet rethvwed ro Gfft Akl Contrfbu¥L st3 bwht in Advance Websli e Dornain paid in advan L GYlnha81 Overpgym•nt Bank Current Account Bank Deposit Aunt8 irgin Charty Deposit Accounts 1,945 135 57 27 21,tP87 88,902 27,008 139,059 23,204 53.872 26,789 105,&33 cred[S - amount5 fa51ing due in one year. and contsibuth?n$ r8C8ivad in od¥4r L.G. MEFTh)iial Endowment Fund 38,SB7 38.579 Restricted Fund&- Newsbttgr Fuw¥J Assembly F BeDdent Furyj 3,160 5,087 3,433 4,733 63.2fj8 54.112 82278 un3111Cted FdS.. . Gener81 Fund Glanvil Bequost HSing Mairrtenance Fund Spectal E¥penJe8 Fund Investrnent R8S8N8 IGen¥al Fund 640.041 383.S12 619.142 378,702 4,703 9,221 13 887 I2 8.990 IL. ND (Nots 4} 1,155,679 1,126,512 (Nots 61 House Purch&ge Grant Propety Maimenanee Fund Iformerty Houso Sal6 Prcrteods NC) 158,673 158,673 TALF DS {Note 5) The Diwdor8' Statement on Paga 8 fomis part ofthe Bal¥ncg Sheet. [71
New Church UK Tho General Church of the New JeTusalom Council Ltd. (A Company lirnited by Guarantee and ¢KSt having a Share Capital) 8ALANCE SHEET AS AT 5fH APRIL 2024 corrtsnued DIREGTORS. STATEMENT The dir8G%ot5 Br8 satBrd that the ¢x)mp8ny ra entided to ex8rr%ption from the r•]uirement to obtain an audit under secb'on 477 ofthe CoMpanS Act 2006 and that members have not required the ccffjpany to obtain an audit in accrdanCe vthh sath.on 476 of the Act. The dtrtdots aekrtowkdgt thoir responSility for Mpj with the wuir8ments ofth Compani•s Act 201% r•spèct to èccounting reD)r(ts 8nd the preparation of aco)unts. The A(unt5 havg been prep8ftd in Eoordance Mth the specAal w0sIrS of Part 15 of the Companies Act 20tk8 relating to Small Companies and in accordantsvAth lh& Flnandal Rgwtlng for Smallw Ent4ties 102 (effedve Jan¢Jary 2018). Signed ¢)n t*h8lfof thè Dir•ctors. E Buss Di41pr M Bumsston Diroctor The Acwunts wwo approved on 28h May 21Y24. 181
New Churd) UK The Gengr¥l Church ofthe New JerU1¢M CtyJn¢ll Ltd. Wcryy Kfrdt•S by Gu8nn*e and nothaving a Sh8fe Caprt811 M)TES TO THE AccouKrs For the Year oJd8d 5th N)ri12024 IAI Tho fin8nelalstatem We prnp0r urthrth• historffal twtconwntlon, as bythg aonual rEvaluation ol IrabJ inve&trnents to m8rf(o1 valu¥188 rvqulrg# by the Chafitb8Act 20111 and in wrdance wllhA)pllLxbla AttouThlry Standards. (bl The prnperty o¥med by the company nbeen depreoJted. as the directorn are of theapllilcffj thaiits ¥816 in exc055 of il's c051 and it15 mwntaingd In ggpd Unrestricbd Re6tn"cted LG. Memorf Funds Fuftds Endowment Fu 2024 2023 Funds Ftsnd6 tirKI Chaftkth Eyndllure... Gmnts to Church SocEb85 Granls to lndiv1duS elc Pastots'Nolunte6ys' TrWeM9 Expon (UKI PJstorn'No1unteern' Trav119 Exwses UK> Pasto, Cw R()ad Eyn8•5 BA(r1$1ng NÈwsletter Pfcduction and Dwlribution Tralning 7,938 52.938 .en 2.55 5.317 1,572 1,274 231 231 218 218 1.608 218 1,W8
n84WTient #nd Allrninlstrg0n.._
Pftnting. SIBtiorw. Postty8 Ènd Th(sn?- QeRpr•l Company Regb8traff8 Fea Indapendent ExS Fea ndry 13 1,056 13 13 1,032 20 PrDpgrty EXn80&... Insuranc8 R8paw 1.734 1,948 Fotsl Re2owc88 Eyndett TN8tee ExFen88S. No L8tIOn was pald to any trusl¢e dulng the ye¥r. Travel and p08tag¢ gxp8n8e& of £1.967 re 1nrJjr by the tnJ8tttes durin9 the T, of whir £1.877 w¥e ¥eimburaed and £110wwgNe(l. Hgtel acmM(l#tI)N1Me8I ew¥os cfE308 ¥mre incurrgd tru$tee$ during the year
Church UK The G8n•rnl Church of tho New Jerusalem Covn¢ll Lld. (A Company limited by Guarantee and not having a Shar& Capitsll NOTES TO THE ACCOUNTS {Ctirttinu#rf) Forthe Y•#r ended 5th Aprfl 2024 (31 FIXED ASSFfs. INVESTMEKrs 2024 21)23 M8rket Vakne bnxtght forward 8th A112023 1,068,354 1,134,189 Less Di$p05als and th(IraaL* at book value 1,068,354 1.134,189 Transfer AdditionB at cost 11,488 1,079,842 1.134,189 Arfiust unreattsed goinsAosses BIF 8th Apr¥1 2023 248,275 312,110 Adjust unr•alFs&d gainsrt055e5 CIF 2024 Maikel Value at 5th April 2024 1088 624 i.W,354 Historical Value at 51h ApThl 2024 822 079 110]
New Church UK Th• G•neral Church of th• X•w J•ru$al•m C¢yn¢ll Ltsl. Comporty lintsd by Guwantso And net haviw a Share Cwiall NOTES TO TPIE ACCOUNTS (Continuehl For the Year ellde 5th April 2024 B#l8ncts B8foTe Unr•ali8ed In¢orning Inv88tment Resour G8inslLos Unwaled UnTeali58d Invèstrnwl Inv85tmont G8inslLosses Adjustsd for Unall5• Invgslmenl G8inslL05ses Outycin Rosource L.G. Momrkql End. Fund 31422 7,938 (7,9381 33,422 5,185 38,587 Newsklter Fund Ap8embly Fun B8rnvdgnt Fund J.433 4.733 47,578 1.335 334 3,50B 11,6D81 3,160 3,180 S,L7 55,041 (2.5561 8,611 Tot (wral Fund Gfftrnl Fund Itj GIanvI D8819natsd Funds... HOU M8inton8n¢e FJnil Eyn$Ja Futyx Inve&knènlRÈ&erve (GaTal Fundl 473.95S 36.398 131.480 490,381 149.680 640,041 269.305 17.507 117.IX#)I 289,812 93,700 383,512 4,425 11.7341 IY31 7,3 9.221 8.9 13.887 13,887 Totsl 791 071 89.818 50,445 810,444 243 380 1053 824 TOTAL 880,rJ7 82.933 162,5471 900,823 255,056 1,155.679 111 Redthed InvestrnentG#inslL05S Endrrthnts. Tha LeonarJ Gyllgnhaal M•rnotlal ErrtJtrThont FurKI 581 up in 1987 to promot• Now Church m8nt8ryschfNJledwati)n. evHroelvLaboTr, more readabl8 tran$tiOnS of tr¢Writing5 and finanaal autonunyof societE5. Thèfunds Contrited and h&ld in thy4 country ai• m8tthèd by like wnounts hdd by th8 Gen8rai C1wh. U.SA tho Courtrf 1teè1v8st intsre8tlor dk81nbllft. All int8rg51 i¥ di$irthrt¢d to sodebeo. RosirK*d Fundu. of rEStric2ed ftsnds IN&Yalter. AssAmbly and B•n$vokntl aro the stsÈioCt of 8PWd18 to support the speran¢ indkated tyth& fund nrn.
New Church UK Th• G•n•rnl Chur¢h ofth• I1 Jorusal•m Councll Ltd. {A Company limibj by Guarantee Tr)t h8ng o Sharo Capltill NOTES TO THE ACCOUNTS Icontifiud Forthe Year en¢eA 5th 2024 AL T•ngible InYeJtmentg at Mark•t Valu¢ Net cunI As8et? Assets 38,587 49,637 27 583 66.445 67.055 38.674 $0.220 I,LK6,845 1,155,679 829,232 R•strlctecS Funds Untrieted Fund8 Totsl Coun1 Fu General Churth U.SA Fumls 1,088,e24 801.951 158.673 TOTAL NET ASS8 158673 16gJ.575 135.663 1.984.911 Nel CunEntA30ts fDr the unre6tn.ded Funds- £88,369 held in thg CounaV$ Cumint ond Dep)sltA¢o)wts - inthdeB £13.631 fofthe Rested Funds. 181 AW&IS_QLGEfAEPAL. ND House Propety Purtha$g M81nten8n¢o Gmnt Fund 2024 Tctsi 20rJ Tc481 BIF 6th ApTiI 2023 In¥estmeTrt Incom8 Bank Dep)yt Inknst 158.673 837,195 27.Dg1 795,868 27.091 619,669 24,952 158.673 623,$5S 844,774 R•paira to Chu F4worties 2,850 12,8501 12 850 12.8501 14,7431 158,673 662,032 820,705 839.971 Unrea119&1 Galnlllos&1 gIF 35,254 79,357 Roat¢&ed GainllLossl unald Gainlllml CIF 2.300 41,481 41,481 35,254 Balr> CIF 5th April 2024 158 673 670 559 The House Purthase Granl- £158,673 is a grant m8d¢ forlts pwtha8e of ? house for the Culche8ter Church Pastor The Pa61of$ house at a Q)6101£158,8731$ $Wn in th• Balinr Sheet undarthe adi[¥j of tangle 85setB. The Property maintenan Fun¢ Ifllmwlly known as the H¢use Pr¢ceds Accountl- EanCe 01£670,559. ¢6 the fiot funds with thè Counol wh8r8 Paitor8' houses been srAd atrAlV8 t1r¢t value weMou8 net rentsl inCAvre. The e¥pendrture rles lo malntenance on M'chad Churth and M8rise 8nd Colche8t8r (Jurth. am WDFethB not owr1 by tho Cwndl. 171 POST.8ALANCE SHEU EVENTS There have been nD even5 OCU14 siru S ri1 2024 wkh affeci the fiwres get oul in th6se financial siatomonts. 1121