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2023-12-31-accounts
| 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 |
|