2022-12-31-accounts

				Page
Report ofthe	Trustees		1	to	3
Independent	Examiner's	Report
Statement of	Financial	Activities
Balance Sheet
Notes to the	Financial Statements		7	to	14
Detailed Statement ofFinancial Activities				15

						2022	2021
		Unrestricted	Designated	Restricted	Endowment	Total	Total
	Notes	funds E	funds	funds f	funds E	funds 6	funds
INCOME AND
ENDOWMENTS
FROM
Donations and
legacies		936				936	933
Investment income	2	23,507	24,276	40,612		88,395	80,549
Total		24,443	24,276	40,612		89,331	81,482
EXPENDITURE ON
Charitable
activities	3
Charitable		24,196		35,033		59,229	104,308
Net gains/(losses)
on investments		(29,649)	27,000	(82,814)	(79,704)	(165,167)	272,580
NET INCOME
(EXPENDITURE)		(29,402)	51,276	(77,235)	(79,704)	(135,065)	249,754
RECONCILIATION
OF FUNDS
Total funds brought
forward		674,538	749,455	639,292	891,373	2,954,658	2,704,904
TOTALFUNDS
CARRIED
FORWARD		645,136	800,731	562,057	811,669	2,819,593	2,954,658

			2022	2021
		Notes	8	8
FIXEDASSETS
Tangible assets			205,085	205,085
Investments
Investments			1,601,869	1,722,442
Investment property			612,000	585,000
			2,418,954	2,512,527
CURRENT ASSETS
Debtors: amounts	falling due within one year	9	278,644	351,781
Cash at bank			130001	99 288
			408,695	451,069
CREDITORS
Amounts falling due within one year		10	(8,056)	(8,938)
NET CURRENT ASSETS			400,639	442,131
TOTAL ASSETS LESSCURRENT
LIABILITIES			2,819,593	2,954,658
NET ASSETS			2,819,593	2,954,658
FUNDS		12
Unrestricted funds			645,136	674,538
Designated funds			800,731	749,455
Restricted funds			562,057	639,292
			2,007,924	2,063,285
Endowment funds			811,669	891,373
TOTAL FUNDS			2,819,593	2,954,658

INVESTME	NT INCOME
		2022 f	2021 f
Rents received		24,276	21,968
Investment	income	64,119	58,581
		~88 395	80,549

CHARITABLE ACTIVITIES COSTS
	2022f	2021
Charitable activities
Costs directly allocated to activities
Ministerial training and church support		11,628
Retired ministers	39,800	31,962
General purpose Welfare	21,982 200	13,881 419
Church extension		40,000
Support costs allocated to activities: Administration and finance	9242	6,418
	59.229	104309

		Unrestricted	Unrestricted	Designated	Restricted	Endowment	Total
		funds		funds	funds	Funds	funds
		6		6	6	6	f
INCOME AND
ENDOWMENTS FROM
Donations and legacies			933				933
Investment income		21,488		21,968	37,094		80,549
Total		22,421		21,968	37,094		81,482
EXPENDITURE ON
Charitable activities
Charitable		16,031			88,277		104,308
Net gains on investments		56,879		40,000	78,862	96,839	272,580
NET INCOME		63,269		61,968	27,679	96,839	249,765
RECONCILIATION	OF FUNDS
Total funds brought	forward	611,269		687,487	611,614	794,534	2,704,904
TOTAL FUNDS CARRIED
FORWARD		674,538		749,455	639,292	891,373	2,954,658
TANGIBLE FIXEDASSETS
							Freehold
							property
COST
At 1stJanuary	2022 and
31st December	2022						205,085
NET BOOK VALUE
At 31stDecember 2022							205,085
At 31stDecember 2021							205,085

							Listed
							investments
							E
MARKET VALUE
At 1stJanuary 2022							1,722,442
Additions							71,594
Revaluations							~592 507)
At 31stDecember 2022							1 601 869
NET BOOKVALUE
At 31stDecember 2022							1 001 069
At 31stDecember 2021							1,722,442
						2022	2021
						6	5
Analysis of investments:
UK Equity and Equity Fund						694,646	1,028,274
Global Equities &Equities	Funds					352,908	372,045
Multi Asset Funds						218,047	191,434
Direct Property & Property	Funds					28,904	76,305
Fixed Interest & Fixed Interest Funds						100,379	33,045
Other assets						202,491	10,493
Total cash						2,246	7,798
Charity UK Bonds						2247	2 685
						1,601,0601,722,079
						2022	2021
						6	5
Investments exceeding 5%of market			value of	portfolio:
Conbrio FN PTN Ltd CFP Castlefield			Real Return			177,561	168,373
Conbrio FD PTN Ltd Castlefield Best			Sust Income Gen			288,230	273,315
M&G Equities Funds for Charities		(Charifund)		Sterling	Income	591,749	553,031
						1 057 540	094.720

INVESTMENT PROPERTY
FAIR VALUE
At 1stJanuary 2022	585,000
Revaluation	27,000
At 31stDecember 2022	612,000
NET BOOK VALUE
At 31stDecember 2022	612,000
At 31stDecember 2021	585,000

									2022f	2021f
	Investments	made by EFCCTrust Corporation							271,885	271,885
	EFCC Trust	Corporation							3,745	75,543
	Bridgenorth	Loan							3,014	4,353
									278 644	351 781
10.	CREDITORS:		AMOUNTS FALLING DUE WITHIN				ONE YEAR
									2022	2021 f
	EFCC General		Purposes Fund						~8056	8,938
11.	ANALYSIS	OF NET		ASSETS	BETWEEN FUNDS
									2022	2021
			Unrestricted		Designated	Restricted		Endowment	Total	Total
				funds f	funds f		funds	funds f	funds	funds f
	Fixed assets			225,000	592,085				817,085	765,085
	Investments			242,836			547,364	811,669	1,601,869	1,722,442
	Net current
	assets			177300	208 646		14693		400639	442 131
				645138	8tltl731		562,1157	811,668	2,818,593	2,954.658

Endowment	Endowment	Funds		Investment	Transfer
			At	loss	between	At
			31.12.21	unrealised	fundsf	31.12.22
Ministerial	training		5,337			5,337
Church extension			219,457	(19,939)		199,518
Welfare			40,682	(3,696)		36,986
Educational			8,874			8,874
General purpose			289,852	(26,336)		263,516
Maintenance		ofthe Ministry	41,145	(3,738)		37,407
Homes for	retired Ministers		286,026	25,995		360,031
			891,373	79704		811,669

Restricted		Funds			Investment	Net
				At	loss	Iflovement	At
				31.12.21 f	unrealised f	in funds f	31.12.22 f
Ministerial	training			387,710	(66,397)	6,176	327,489
Church extension				66,978	(3,996)	11,518	74,500
Welfare Educational Homes for	retired Ministers			144,648 7,126 32 830	(11,495) 5,414 (917) 392 ~9)~)7921)		138,567 6,601 14900
				639292	~82814	5579	562057
Unrestricted		Funds			Investment	Net
				At	loss	Movement	At
				31.12.21 f	unrealised f	in funds f	31.12.22 f
General funds				674538	~29 649)	247	645,136
				674538	~29649	247	645 136
Designated		Funds		Net		Transfer
			At	movement		between	At
			31.12.21 f	in funds f	Revaluation F	funds f	31.12.22 f
Homes for	retired
Ministers			749455	24276	27000		800 731
			749455	24 276	27000		800731

Comparative	Comparative	for movemen	t in funds
Endowment		Funds			Investment	Transfer
				At	gain	between		At
				31.12.20	unrealised	funds		31.12.21
				E	6	6
Ministerial	training			5,337				5,337
Church extension				195,228	24,229			219,457
Welfare				36,191	4,491			40,682
Educational				8,874				8,874
General purpose				257,852	32,000			289,852
Maintenance		ofthe Ministry		36,602	4,543			41,145
Homes for	retired Ministers			254,450	31,576			286,026
				794,534	96,839			891,373
Restricted		Funds			Investment	Net
				At	gain	Movement		At
				31.12.20	unrealised	in funds		31.12.21
				F	6	6		E
Ministerial	training			333,518	60,592	(6,400)		387,710
Church extension				93,348	3,797	(30,167)		66,978
Welfare				126,002	13,340	5,306		144,648
Educational Homes for	retired Ministers			6,066 52,679	1,113 (53) 26~19.8697			7,126 32,830
				611,613	78,862~51183			639,292
Unrestricted		Funds			Investment	Net
				At 31.12.20	gain unrealised	Movement in funds		At 31.12.21
				K	6	6		6
General funds				611267	66879	6 392		674538
				611267	56.879	6.392		674,538
Designated		Funds		Net		Transfer
			At	movement		between		At
			31.12.20	in funds f	Revaluation 6	funds 6		31.12.21 6
Homes for	retired
Ministers			687,487	21,968	40,000			749,455
			687,487	21,968	40,000			749,455

forthe year ended 3	1st D	ecember 2022
			2022	2021
			6	E
INCOME AND ENDOWMENTS
Donations and legacies
Grants			936	933
Investment income
Rents received			24,276	21,968
Investment income			64,119	58,581
			88,395	80,549
Total incoming resources			89,331	81,482
EXPENDITURE
Charitable activities
Ministerial and church	support			11,628
Retired ministers			30,800	31,962
General purpose			21,982	13,881
Welfare			200
Education				419
Church extension				40,000
			52,982	97,890
Support costs
Management Administration and finance			~6247	6,418
Total resources expended			59,229	104,308
Net income/(expenditure)		before gains
and losses			30,102	(22,826)
Realised recognised	gains	and losses
Realised gains/(losses)	on fixed asset
investments			(192,167)	207,580
Realised gains/(losses)	on investment
property			~27000	65000
Net (expenditure)/income			~135065)	249,754