## 

# 

## 

## 



|||||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<br>E|funds|funds<br>f|funds<br>E|funds<br>6|funds|
|INCOME AND||||||||
|ENDOWMENTS||||||||
|FROM||||||||
|Donations<br>and||||||||
|legacies||936||||936|933|
|Investment<br>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<br>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<br>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<br>funds|||645,136|674,538|
|Designated<br>funds|||800,731|749,455|
|Restricted funds|||562,057|639,292|
||||2,007,924|2,063,285|
|Endowment<br>funds|||811,669|891,373|
|TOTAL FUNDS|||2,819,593|2,954,658|





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

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



## 

|CHARITABLE ACTIVITIES COSTS|||
|---|---|---|
||2022f|2021|
|Charitable<br>activities|||
|Costs directly allocated to activities|||
|Ministerial<br>training<br>and church support||11,628|
|Retired ministers|39,800|31,962|
|General purpose<br>Welfare|21,982<br>200|13,881<br>419|
|Church extension||40,000|
|Support costs allocated to activities:<br>Administration<br>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<br>FROM||||||||
|Donations and legacies|||933||||933|
|Investment<br>income||21,488||21,968|37,094||80,549|
|Total||22,421||21,968|37,094||81,482|
|EXPENDITURE ON||||||||
|Charitable<br>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<br>& 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<br>UK Bonds||||||2247|2 685|
|||||||1,601,0601,722,079||
|||||||2022|2021|
|||||||6|5|
|Investments<br>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<br>f|
||EFCC General||Purposes<br>Fund||||||~8056|8,938|
|11.|ANALYSIS|OF NET||ASSETS|BETWEEN FUNDS||||||
||||||||||2022|2021|
||||Unrestricted||Designated|Restricted||Endowment|Total|Total|
|||||funds<br>f|funds<br>f||funds|funds<br>f|funds|funds<br>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<br>f|unrealised<br>f|in funds<br>f|31.12.22<br>f|
|Ministerial|training|||387,710|(66,397)|6,176|327,489|
|Church extension||||66,978|(3,996)|11,518|74,500|
|Welfare<br>Educational<br>Homes for|retired Ministers|||144,648<br>7,126<br>32 830|(11,495)<br>5,414<br>(917)<br>392<br>~9)~)7921)||138,567<br>6,601<br>14900|
|||||639292|~82814|5579|562057|
|Unrestricted||Funds|||Investment|Net||
|||||At|loss|Movement|At|
|||||31.12.21<br>f|unrealised<br>f|in funds<br>f|31.12.22<br>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<br>f|in funds<br>f|Revaluation<br>F|funds<br>f|31.12.22<br>f|
|Homes for|retired|||||||
|Ministers|||749455|24276|27000||800 731|
||||749455|24 276|27000||800731|





## 

## 

## 

|Comparative|Comparative|for movemen|t<br>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<br>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<br>Homes for|retired Ministers|||6,066<br>52,679|1,113<br>(53)<br>26~19.8697|||7,126<br>32,830|
|||||611,613|78,862~51183|||639,292|
|Unrestricted||Funds|||Investment|Net|||
|||||At<br>31.12.20|gain<br>unrealised|Movement<br>in funds||At<br>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<br>f|Revaluation<br>6|funds<br>6||31.12.21<br>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<br>and legacies|||||
|Grants|||936|933|
|Investment<br>income|||||
|Rents received|||24,276|21,968|
|Investment<br>income|||64,119|58,581|
||||88,395|80,549|
|Total incoming<br>resources|||89,331|81,482|
|EXPENDITURE|||||
|Charitable<br>activities|||||
|Ministerial<br>and church|support|||11,628|
|Retired ministers|||30,800|31,962|
|General<br>purpose|||21,982|13,881|
|Welfare|||200||
|Education||||419|
|Church extension||||40,000|
||||52,982|97,890|
|Support costs|||||
|Management<br>Administration<br>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|