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|ReferenceandAdministrativeDetails|1|
|---|---|
|Trustees'sReport|2to 4|
|StatementofTrustees'sResponsibilities|5|
|IndependentExaminer'sReport|6|
|StatementofFinancialActivities|7|
|BalanceSheet|8|
|NotestotheFinancialStatements|9to19|





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|||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|





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|||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|






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|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|



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|5Independentexaminer'sremuneration|||||
|---|---|---|---|---|
||2023||2022||
||£||£||
|Otherfeestoexaminers|||||
|Theexaminingofaccountsofanyassociateofthecharity||890||828|
|Allotherservices|5,|807|5,419||
||6,697||6,247||



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|||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||





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|7Tangiblefixedassets||
|---|---|
||Freehold|
||property|
||£|
|Cost||
|At1January2023|205,085|
|At31December2023|205,085|
|Netbookvalue||
|At31December2023|205,085|
|At31December2022|205,085|
|8Fixedassetinvestments||



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|CostorValuation||
|---|---|
|At1January2023|612,000|
|Revaluation|18,000|
|At31December2023|630,000|
|Netbookvalue||
|At31December2023|630,000|
|At31December2022|612,000|





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|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||





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|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|





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|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|





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||||||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|





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|||||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|





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||||||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|



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||2023|2022|
|---|---|---|
||£|£|
|EFCCTrustCorporation|283,202|275,630|
|Bridgenorth|1,606|3,014|
|EFCCGeneralPurposesFund|(19,171)|(8,056)|





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|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||