| ReferenceandAdministrativeDetails | 1 |
|---|---|
| Trustees'sReport | 2to 4 |
| StatementofTrustees'sResponsibilities | 5 |
| IndependentExaminer'sReport | 6 |
| StatementofFinancialActivities | 7 |
| BalanceSheet | 8 |
| NotestotheFinancialStatements | 9to19 |
| Unrestricted | Designated | Restricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | 2023 | 2022 | ||||
| Note | £ | £ | £ | £ | £ | £ | |||
| IncomeandEndowmentsfrom: | |||||||||
| Donationsandlegacies | 944 | 944 | 936 | ||||||
| Investmentincome | 24,183 | 24,974 | 41,914 | 91, | 071 | 88, | 395 | ||
| Totalincome | 25,127 | 24,974 | 41,914 | 92, | 015 | 89, | 331 | ||
| Expenditureon: | |||||||||
| Charitableactivities | (38,410) | (34,740) | (73,150) | (59,229) | |||||
| Gains/lossesoninvestmentassets | 32,742 | (15,000) | 4,271 | (6,487) | 15, | 526 | (165, | 167) | |
| Netincome/(expenditure) | 19,459 | 9,974 | 11,445 | (6,487) | 34, | 391 | (135,065) | ||
| Reconciliationoffunds | |||||||||
| Totalfundsbroughtforward | 645, 136 | 800,731 | 562,057 | 811,669 | 2,819, | 593 | 2,954, | 658 | |
| Totalfundscarriedforward | 11 | 664,595 | 810,705 | 573,502 | 805,182 | 2,853, | 984 | 2,819, | 593 |
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixedassets | |||
| Tangibleassets | 7 | 205,085 | 205,085 |
| Investments | 8 | 2,229,395 | 2,213,869 |
| 2,434,480 | 2,418,954 | ||
| Currentassets | |||
| Debtors | 284,808 | 278,644 | |
| Cashatbankandinhand | 153,867 | 130,051 | |
| 438,675 | 408,695 | ||
| Creditors:Amountsfallingduewithinoneyear | 10 | (19,171) | (8,056) |
| Netcurrentassets | 419,504 | 400,639 | |
| Netassets | 2,853,984 | 2,819,593 | |
| Fundsofthecharity: | |||
| Endowmentfunds | 805,182 | 811,669 | |
| Restrictedincomefunds | |||
| Restrictedfunds | 11 | 573,502 | 562,057 |
| Unrestrictedincomefunds | |||
| Generalfunds | 664,595 | 645,136 | |
| Designatedfunds | 810,705 | 800,731 | |
| Totalunrestrictedfunds | 1,475,300 | 1,445,867 | |
| Totalfunds | 11 | 2,853,984 | 2,819,593 |
| 2Investmentincome | |||||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| 2023 | 2022 | ||||||
| £ | £ | ||||||
| Investmentincome | 66, | 097 | 64, | 119 | |||
| Incomefromrents | 24, | 974 | 24,276 | ||||
| 91, | 071 | 88,395 | |||||
| 3Expenditureoncharitable | activities | ||||||
| Activity | Activity | ||||||
| undertaken | support | ||||||
| directly | costs | 2023 | 2022 | ||||
| £ | £ | £ | £ | ||||
| Ministerialtrainingandchurch | |||||||
| support | 1, | 878 | 1, | 878 | 1,781 | ||
| HomesforRetiredministers | 26,708 | 1, | 186 | 27, | 894 | 31, | 895 |
| Generalpurpose | 36,120 | 2, | 290 | 38,410 | 24, | 196 | |
| Welfare | 3,625 | 537 | 4, | 162 | 675 | ||
| Churchextension | 733 | 733 | 614 | ||||
| Education | 73 | 73 | 68 | ||||
| 66,453 | 6,697 | 73, | 150 | 59, | 229 |
| 5Independentexaminer'sremuneration | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Otherfeestoexaminers | ||||
| Theexaminingofaccountsofanyassociateofthecharity | 890 | 828 | ||
| Allotherservices | 5, | 807 | 5,419 | |
| 6,697 | 6,247 |
| Unrestricted | Designated | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | 2022 | |||
| Note | £ | £ | £ | £ | £ | ||
| IncomeandEndowmentsfrom: | |||||||
| Donationsand | |||||||
| legacies | 936 | 936 | |||||
| Investmentincome | 2 | 23,507 | 24,276 | 40,612 | 88, | 395 | |
| Totalincome | 24,443 | 24,276 | 40,612 | 89, | 331 | ||
| Expenditureon: | |||||||
| Charitableactivities | (24,196) | (35,033) | - | (59,229) | |||
| Gains/losseson | |||||||
| investmentassets | (29,649) | 27,000 | (82,814) | (79,704) | (165, | 167) | |
| Net | |||||||
| (expenditure)/income | (29,402) | 51,276 | (77,235) | (79,704) | (135, | 065) | |
| Reconciliationoffunds | |||||||
| Totalfundsbrought | |||||||
| forward | 674,538 | 749,455 | 639,292 | 891,373 | 2,954, | 658 | |
| Totalfundscarried | |||||||
| forward | 11 | 645,136 | 800,731 | 562,057 | 811,669 | 2,819,593 |
| 7Tangiblefixedassets | |
|---|---|
| Freehold | |
| property | |
| £ | |
| Cost | |
| At1January2023 | 205,085 |
| At31December2023 | 205,085 |
| Netbookvalue | |
| At31December2023 | 205,085 |
| At31December2022 | 205,085 |
| 8Fixedassetinvestments |
| CostorValuation | |
|---|---|
| At1January2023 | 612,000 |
| Revaluation | 18,000 |
| At31December2023 | 630,000 |
| Netbookvalue | |
| At31December2023 | 630,000 |
| At31December2022 | 612,000 |
| Otherinvestments | ||
|---|---|---|
| Listed | ||
| investments | ||
| £ | ||
| CostorValuation | ||
| At1January2023 | 1,601,869 | |
| Revaluation | (2,474) | |
| At31December2023 | 1,599,395 | |
| Netbookvalue | ||
| At31December2023 | 1,599,395 | |
| At31December2022 | 1,601,869 | |
| 2023 | 2022 | |
| Analysisofinvestments: | £ | £ |
| UKEquity&EquityFund | 660,940 | 694,647 |
| GlobalEquities&EquitiesFunds | 369,063 | 352,908 |
| MultiAssetFunds | 212,424 | 218,047 |
| DirectProperty&PropertyFunds | 28,947 | 28,904 |
| FixedInterest&FixedInterestFunds | 109,589 | 100,379 |
| OtherAssets | 197,945 | 202,491 |
| TotalCash | 18,249 | 2,246 |
| CharityUKBonds | 2,238 | 2,247 |
| 1,599,395 | 1,601,869 | |
| 2023 | 2022 | |
| Investmentsexceeding5%ofmarketvalueofportfolio: | £ | £ |
| ConbrioFNPTNLtdCFPCastlefieldRealReturn | 116,449 | 160,984 |
| ConbrioFDPTNLtdCastlefieldBestSustIncomeGen | 212,424 | 218,047 |
| M&GEquitiesFundsforCharities(Charifund) SterlingIncome | 577,844 | 591, 749 |
| FirstSentierInvSlWldwideSustBGBPDis | 82,665 |
| 9Debtors | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| InvestmentsmadebyEFCCTrustCorporation | 271,885 | 271,885 |
| EFCCTrustCorporation | 11,317 | 3,745 |
| BridgenorthLoan | 1,606 | 3,014 |
| 284,808 | 278,644 | |
| 10Creditors:amountsfallingduewithinoneyear | ||
| 2023 | 2022 | |
| £ | £ | |
| EFCCGeneralPurposesFund | 19,171 | 8,056 |
| 11Funds | ||||||
|---|---|---|---|---|---|---|
| Other | Balanceat31 | |||||
| Balanceat 1 | Incoming | Resources | recognised | December | ||
| January2023 | resources | expended | Transfers | gains/(losses) | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestrictedfunds | ||||||
| General | ||||||
| Generalfunds | 645,136 | 25,127 | (38,410) | 15,000 | 17,742 | 664,595 |
| Designated | ||||||
| HomesforretiredMinisters | 800,731 | 24,974 | (15,000) | 810,705 | ||
| Totalunrestrictedfunds | 1,445,867 | 50,101 | (38,410) | 17,742 | 1,475,300 | |
| Restrictedfunds | ||||||
| Ministerialtraining | 327,489 | 9,186 | (1,878) | 5,034 | 339,831 | |
| Churchextension | 74,500 | 13,347 | (733) | (613) | 86,501 | |
| Welfare | 138,567 | 5,725 | (4,162) | (146) | 139,984 | |
| Educational | 6,601 | 431 | (73) | 6,959 | ||
| HomesforretiredMinisters | 14,900 | 13,225 | (27,894) | J4) | 227 | |
| Totalrestrictedfunds | 562,057 | 41,914 | (34,740) | 4,271 | 573,502 | |
| Endowmentfunds | ||||||
| Permanent | ||||||
| Ministerialtraining | 5,337 | (42) | 5,295 | |||
| Churchextension | 199,518 | (1,595) | 197,923 | |||
| Welfare | 36,986 | (296) | 36,690 |
| Other | Balanceat31 | |||||
|---|---|---|---|---|---|---|
| Balanceat 1 | Incoming | Resources | recognised | December | ||
| January2023 | resources | expended | Transfers | gains/(losses) | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Educational | 8,874 | (71) | 8,803 | |||
| Generalpurpose | 263,516 | (2,107) | 261,409 | |||
| MaintenanceoftheMinistry | 37,407 | (299) | 37,108 | |||
| HomesforretiredMinisters | 260,031 | (2,077) | 257,954 | |||
| 811,669 | (6,487) | 805,182 | ||||
| Totalfunds | 2,819,593 | 92,015 | (73, 150) | 15,526 | 2,853,984 | |
| Other | Balanceat31 | |||||
| Balanceat 1 | Incoming | Resources | recognised | December | ||
| January2022 | resources | expended | gains/(losses) | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Unrestrictedfunds | ||||||
| General | ||||||
| Generalfunds | 674,538 | 24,443 | (24, 196) | (29,649) | 645,136 | |
| Designated | ||||||
| HomesforretiredMinisters | 749,455 | 24,276 | 27,000 | 800,731 | ||
| Totalunrestrictedfunds | 1,423,993 | 48,719 | (24,196) | (2,649) | 1,445,867 |
| Other | Balanceat31 | ||||
|---|---|---|---|---|---|
| Balanceat 1 | Incoming | Resources | recognised | December | |
| January2022 | resources | expended | gains/(losses) | 2022 | |
| £ | £ | £ | £ | £ | |
| Restricted | |||||
| Ministerialtraining | 387,710 | 7,957 | (1,781) | (66,397) | 327,489 |
| Churchextension | 66,978 | 12,132 | (614) | (3,996) | 74,500 |
| Welfare | 144,648 | 6,089 | (675) | (11,495) | 138,567 |
| Educational | 7,126 | 460 | (68) | (917) | 6,601 |
| HomesforretiredMinisters | 32,830 | 13,974 | (31,895) | _(9I | 14,900 |
| Totalrestrictedfunds | 639,292 | 40,612 | (35,033) | (82,814) | 562,057 |
| Endowmentfunds | |||||
| Permanent | |||||
| Ministerialtraining | 5,337 | 5,337 | |||
| Churchextension | 219,457 | (19,939) | 199,518 | ||
| Welfare | 40,682 | (3,696) | 36,986 | ||
| Educational | 8,874 | 8,874 | |||
| Generalpurpose | 289,852 | (26,336) | 263,516 | ||
| MaintenanceoftheMinistry | 41,145 | (3,738) | 37,407 | ||
| HomesforretiredMinisters | 286,026 | (25,995) | 260,031 | ||
| 891,373 | (79,704) | 811,669 | |||
| Totalfunds | 2,954,658 | 89,331 | (59,229) | (165,167) | 2,819,593 |
| Totalfunds | |||||
|---|---|---|---|---|---|
| Endowment | at31 | ||||
| Unrestrictedfunds | Restricted | funds | December | ||
| General | Designated | funds | Permanent | 2023 | |
| £ | £ | £ | £ | £ | |
| Tangiblefixedassets | 205,085 | 205,085 | |||
| Fixedassetinvestments | 500,578 | 372,000 | 551,635 | 805,182 | 2,229,395 |
| Currentassets | 183,188 | 233,620 | 21,867 | 438,675 | |
| Currentliabilities | (19,171) | (19,171) | |||
| Totalnetassets | 664,595 | 810,705 | 573,502 | 805,182 | 2,853,984 |
| Totalfunds | |||||
| Endowment | at31 | ||||
| Unrestrictedfunds | Restricted | funds | December | ||
| General | Designated | funds | Permanent | 2022 | |
| £ | £ | £ | £ | £ | |
| Tangiblefixedassets | 205,085 | 205,085 | |||
| Fixedassetinvestments | 467,836 | 387,000 | 547,364 | 811,669 | 2,213,869 |
| Currentassets | 185,356 | 208,646 | 14,693 | 408,695 | |
| Currentliabilities | (8,056) | (8,056) | |||
| Totalnetassets | 645,136 | 800,731 | 562,057 | 811,669 | 2,819,593 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| EFCCTrustCorporation | 283,202 | 275,630 |
| Bridgenorth | 1,606 | 3,014 |
| EFCCGeneralPurposesFund | (19,171) | (8,056) |
| 2023 | |||
|---|---|---|---|
| Total | Total | ||
| 2023 | 2022 | ||
| £ | £ | ||
| IncomeandEndowmentsfrom: | |||
| Donationsandlegacies | |||
| Grants | 944 | 936 | |
| Investmentincome | |||
| Otherincomefromfixedassetinvestments | 66,097 | 64, | 119 |
| Incomefromrents | 24,974 | 24,276 | |
| Totalincomingresources | 92,015 | 89, | 331 |
| Expenditureon: | |||
| Charitableactivities | |||
| Retiredministers | (26,708) | (30, | 800) |
| Generalpurpose | (36,120) | (21, | 982) |
| Welfare | (3,625) | (200) | |
| (66,453) | (52,982) | ||
| Supportcosts | |||
| Administrationandfinance | (6,697) | (6,247) | |
| Totalresourcesexpended | (73, 150) | (59,229) | |
| Netincome/(expenditure)beforegainsandlosses | 18,865 | 30, | 102 |
| Realisedgains/lossesoninvestmentassets | 15,526 | (165, | 167) |
| Netincome/(expenditure) | 34,391 | (135,065) | |
| Netmovementinfunds | 34,391 | (135,065) | |
| Reconciliationoffunds | |||
| Totalfundsbroughtforward | 2,819,593 | 2,954,658 | |
| Totalfundscarriedforward | 2,853,984 | 2,819,593 |