| Page | |||
|---|---|---|---|
| Report ofthe Trustees | I to 6 | ||
| Report ofthe Independent | Auditors | 7to9 | |
| Statement ofFinancial | Activities | 10 | |
| Balance Sheet | 11to 12 | ||
| Statement ofCash Flows | 13 | ||
| Notes to the Financial | Statements | 14to27 |
| Unrestricted | Unrestricted | Funds | 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|---|---|---|
| General Purposes | Designated | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | Funds | ||||
| f. | f | f | ||||||
| Notes | ||||||||
| IiVCOME AiVD ENDOWMENTSi | ||||||||
| Income from Investments | 2a | 639,005 | 475,819 | 21,971 | 1,136,795 | 874,016 | ||
| Income from charitable | activities | |||||||
| Donations and Legacies |
2a | 5,865 | 14,597 | 20,462 | 132,857 | |||
| Other Income | 2a | 83,733 | 3,246 | 86,979 | 250,184 | |||
| Total operating income |
728,603 | 479,065 | 36,568 | Iv'144436 | 1,257,057 | |||
| Income on sale ofproperties | 2a | 9,225,000 | 800,000 | 10,025,000 | 6,076,500 | |||
| Lease Premiums Received |
2a | 31,942 | ||||||
| Profit/(Loss) on sale ofproperties |
2a | 197.500 | ||||||
| Total Income and Endowments | 2a | 9,953,603 | Iv279,065 | 36,568 | 11369436 | 7,562999 | ||
| EXPENDITURE | ||||||||
| Expenditure on Charitable |
Activities | 2b | 2,116,102 | 222,911 | 5,351 | 2344364 | 1,878,388 | |
| Total operating expenditure |
2b | 2,116,102 | 222,911 | 5,351 | 2444 it64 | 1,878,388 | ||
| Payment to Inter-Synod | ||||||||
| Resource Sharing | 35,000 | 35,000 | 35,000 | |||||
| Contribution to the Ministers' |
||||||||
| Pension Fund | 5,000,000 | |||||||
| Discounting adjustment for Long |
||||||||
| Term Creditor | 83,598 | 83498 | ||||||
| Purchase ofMenses | 1,235,000 | 1435,000 | 583,000 | |||||
| Total Expenditure | 2334,700 | 1,457,911 | 5351 | 3,697862 | 7,496,388 | |||
| Net Expenditure on |
2b | (1387,499) | 256,154 | 31,217 | (1,100,128) | (621v331) | ||
| Operating Account |
||||||||
| Net Income/(Expenditure) | ,»ssa | ~il 8JI46 | s | 7~71374 | 66411I | |||
| Transfers between Funds |
||||||||
| Other Recognised Gains/(Losses) | ||||||||
| Net (Losses)/Gains on Investments |
7 | (2,516,984) | (1,451,844) | (80,759) | (4,049487) | 2,908,991 | ||
| Net movement in funds |
5v101,919 | (1,630,690) | (49WZ) | 3421,687 | 2,975,602 | |||
| Total funds bmught forward Total funds carried forward |
13,596,080 | 12,657,783 ».ON, |
1,121,816 »,» |
27,375,679 24,400,077 3ll. p 866»,» .6 |
| A Com an Lim Balance Sheet ~30 |
ited h 2022 |
Gua | rantee | rantee | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Fuads | 31.12.22 | 31.12.21 | |||||
| General Purposes | Designated | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | Funds | ||||
| 6 | g | |||||||
| Notes | ||||||||
| FIXEDASSETS | ||||||||
| Tangible assets | 9 | 227,342 | 74,721 | 302,063 | 304,223 | |||
| Investments Social Investments |
10 ll |
16,332,108 95816 |
9,621,731 | 424,724 | 26,378,563 952116 |
25,428,282 102,370 |
||
| 16,655,266 | 9,696,452 | 424,724 | 26,776,442 | 25,834,875 | ||||
| CURRENT ASSETS | ||||||||
| Debtors: amounts | falling | due | ||||||
| within one year | 12 | 76,171 | 76,171 | 35,750 | ||||
| Cash at bank and in hand | 4,622 313 | 1,785,772 | 647,550 | 7,055,635 | 6,953,153 | |||
| 4,698,484 | 1,785,772 | 647,550 | 7,131,806 | 6,988,903 | ||||
| CREDITORS | ||||||||
| Amounts faging due within one year 13 |
Il.lit . 4"I | ~3.311 | ~64I66 7 | (2,661,492) | ||||
| NET CURRENT | ASSETS | 3 | 512938 | 1,330,641 | 647 550 | 5,491,129 | 4327411 | |
| 1(LIABILITIES) | ||||||||
| TOTAL ASSETSLESS | ||||||||
| CURRENT LIABILITIES | 20,168,204 | 11,027,093 | 1,072,274 | 32,267,571 | 30,162,286 | |||
| CREDITORS | ||||||||
| Amounts falling due outside |
(1,370,205) | (1470405) | (2,786,607) | |||||
| one year | ||||||||
| NET ASSETS | 14 | Il | 9.999 | 31.1127093 | 1,0 2274 | 30097366 | 27,375,679 | |
| FUNDS | ||||||||
| General Purposes | 18,797&999 | 13,596,080 | ||||||
| Designated | 11,027,093 | 12,657,783 | ||||||
| Restricted | 1,073274 | I 121,216 | ||||||
| TOTAL FUNDS | 14 | 30,897466 | 27,375,679 |
| Notes | 2022 | 2121 | ||||||
|---|---|---|---|---|---|---|---|---|
| 5 | ||||||||
| Cash flow from operating activities: |
||||||||
| Net cash provided/used in operating activities |
4,100,630 | 2,390,079 | ||||||
| Cash flows from investing activities: |
||||||||
| Dividends and interest from investments |
996,930 | 749,378 | ||||||
| Purchase | offixed assets | (1,995) | (4,306) | |||||
| Proceeds | from the sale offixed assets | 230 | 285,500 | |||||
| Purchase | ofinvestments | (5,885,491) | (682,855) | |||||
| Issue of | Programme Related Loans |
(51,520) | ||||||
| Repayment ofProgramme Related Loans |
6,554 | 13,200 | ||||||
| Proceeds | from the sale ofinvestments | 885,624 | 690,000 | |||||
| Net cash provided by/used in iavesting |
activities | (3,998,148) | 999,397 | |||||
| Change | in cash and cash equivalents in |
the reporting | period | 102,482 | 3,389,476 | |||
| Cash and cash equivaleats at the beginning ofthe |
reporting | period | B | 6,953,153 | 3,563,677 | |||
| Cash and cash equivaleats at tbe ead ofthe reporting |
period | B | 7,055,635 | 6,953,153 | ||||
| Notes to the statement ofcash flows | ||||||||
| A | Reconciliation ofaet income/expenditure |
to | net cash | |||||
| flow from operating activities |
||||||||
| Net income/expenditure for the reportiag |
period (as | per | 3,521,687 | 2,975,602 | ||||
| the statement offinancial activities) | ||||||||
| Adjustmeats for: |
||||||||
| Depreciation charges |
3,759 | 4,043 | ||||||
| (Gains)/losses on investments |
4,049,587 | (2,908,991) | ||||||
| Dividends and interest from investments |
(996,930) | (749,378) | ||||||
| Loss/(profit) on the sale offixed |
assets | 165 | (197,033) | |||||
| Decrease/(increase) in debtors Increase/(decrease) in creditors |
(40,421) ~2,437317 |
16,909 3,248,927 |
||||||
| Net cash provided by operating |
activities | 4,100,630 | 2,390,079 | |||||
| Analysis ofcash aad cash equivalents | ||||||||
| Cash at bank and in hand | 7,055,635 | 6,953,153 |
| a) Analysis ofTotal Income | a) Analysis ofTotal Income | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | 31.12.22 | 31.12.21 | ||||
| General Purposes | Designated | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | Funds | |||
| f | f | f | |||||
| Income from generated | funds | ||||||
| Rents Received | 20,475 | 119,390 | 139,865 | 124,638 | |||
| Investment income-listed |
investments | 590,037 | 345,283 | 14,622 | 949,942 | 744,971 | |
| Interest | 28,493 | 11,146 | 7,349 | 46ggg | 4,407 | ||
| 639,005 | 475,819 | 21,971 | 1,136,795 | 874,016 | |||
| Income from charitable | activities | ||||||
| Donations and Legacies |
|||||||
| Donations | 3,000 | 668 | 3,668 | 55,598 | |||
| Denominational Grant |
2,500 | 2,500 | |||||
| Monies from closed churches | 365 | 365 | 77,103 | ||||
| Quinquennial contribution |
received | 13,929 | 13,929 | 156 | |||
| 5 865 | 14597 | RM62 | 1328 | ||||
| Other income | |||||||
| Training course contributions |
135 | 135 | 125 | ||||
| Discounting ofLong Term | Creditor | 213,393 | |||||
| Grants awarded no longer required |
83,598 | 3,246 | 36666 | ||||
| 83,733 | 3246 | 86979 | 250 184 | ||||
| Total operating income |
728,603 | 479,065 | 36,568 | 1,244336 | 1,257,057 | ||
| Income on sale ofproperties | |||||||
| -ofclosed churches | 9,225,000 | 9425,000 | 5,326,500 | ||||
| -Lease Premiums Received |
31,942 | ||||||
| -ofsurplus menses |
800000 | 800,000 | 750,000 | ||||
| 9,225,000 | 800,000 | 10,025,000 | 6,108,442 | ||||
| Profit/(Loss) on sale offixed asset: |
|||||||
| -other property | 197.500 | ||||||
| 197,500 | |||||||
| Total income | 9,953,603 | 1,279,065 | 36,568 | 11,269436 | 7,562,999 |
| b) Analysis ofTotal Expenditure | b) Analysis ofTotal Expenditure | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | 31.12.22 | 31.12.21 | |||||
| General | Purposes | Designated | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | Funds | ||||
| I | ||||||||
| Expenditure on Charitable |
Activities | |||||||
| Ministry dr Mission:- |
||||||||
| Mission Ofiicer | 50,163 | 50,163 | 52,305 | |||||
| Ecumenical Officer |
1,206 | 1,206 | 266 | |||||
| Grants (note 4) | 203,158 | 4371 | 207,529 | 373,058 | ||||
| Shared indirect costs (note 3) | 24,661 | 80 | 24,741 | 36,603 | ||||
| 279,188 | 4,451 | 283,639 | 462,232 | |||||
| Training:- | ||||||||
| Training ofMinisters k Lay | ||||||||
| preachers (note 4) | 29,054 | 29,054 | 12,290 | |||||
| Students (note 4) | 750 | 750 | 500 | |||||
| Training &Development Officer Children's k Youth Development |
Ofiicer | 56,528 52,&97 |
56,528 52,897 |
51,913 50,395 |
||||
| Safeguarding Officer |
25,767 | 25,767 | 22,589 | |||||
| Other training costs | 7,900 | 7P00 | 1,375 | |||||
| Shared indirect costs (note 3) | 15,853 | 15,853 | 57,197 | |||||
| 188.749 | 188,749 | 196259 | ||||||
| Property:- | ||||||||
| Church building grants (note 4) |
1,170,412 | 1,170,412 | 586,446 | |||||
| Manse Repairs (note 4) | 136,101 | 136,101 | 118,590 | |||||
| Manse Expenses | 11,667 | 11,667 | 14,541 | |||||
| Quinquennial Costs Expenses on Salek Purchase |
ofPmperty | 201,364 | 2,520 15,402 |
900 | 3,420 216,766 |
5,556 248,008 |
||
| Other properly costs | 24,025 | 24,025 | 44,753 | |||||
| Staffcosts | 90,234 | 90,234 | 89,031 | |||||
| Shared indirect costs(note 3) | 133.872 | 133,872 | 62,397 | |||||
| 1,619,907 | 165,690 | 1,786,497 | 1,169,322 |
| Unrestricted | Funds | 31.12.22 | 31.12.21 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| General Purposes | Designated | Restricted | Total | Total | |||||
| Funds | Funds | Fundsf | Funds | Funds | |||||
| Goveraance:- | |||||||||
| Synod | Together Meetings | 1,546 | 1446 | 48 | |||||
| Synod | Committees | 1,185 | 1,185 | 281 | |||||
| Honoraria Synod |
Clerk and Treasurer | 1,000 | 1,000 | 1,000 | |||||
| Synod | Officers' expenses | 2,266 | 2,266 | 149 | |||||
| Legal | Costs | 5,358 | 53,366 | 58,724 | 14,978 | ||||
| Audit | Fees | 10,660 | 10,660 | 9,580 | |||||
| Investment management |
costs | 4,482 | 3,855 | 8,337 | 7,207 | ||||
| Shared indirect costs (note 3) | 1,761 | 1,761 | 17,332 | ||||||
| 28,258 | 57,221 | 85,479 | 50575 | ||||||
| Total | expenditure | oa charitable | activiti | 2,116,102 | 222,911 | ~351 | 2,344,364 | 1,$78,388 | |
| 8 | p 61 |
p | ' 5 | ~1387,499 | 256,154 | 13» | ~678II,128 | (621,3311 |
| Unrestricted | Funds | 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|---|---|
| General Purposes | Designated | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | Funds | |||
| 8 | |||||||
| Premises Costs:- | |||||||
| Synod rent &Hire | ofRooms | 18369 | 18,269 | 18,000 | |||
| Repairs and Maintenance | 564 | 564 | |||||
| Synod Electricity | 1,500 | 1400 | 1,500 | ||||
| Insurance | 972 | 972 | 943 | ||||
| Cleaning | 110 | 110 | 133 | ||||
| 21,415 | 21,415 | 20,576 | |||||
| Office Costs:- | |||||||
| Synod Employment | Costs | 122,700 | 122,700 | 120,800 | |||
| Car &Travel Expenses | 3,070 | 3,070 | 2,880 | ||||
| Miscellaneous | 3,619 | 3,619 | 2.194 | ||||
| Depreciation | 3,679 | 3,759 | 4,043 | ||||
| Loss on Disposal ofFixed Assets | 165 | 165 | 467 | ||||
| Telephone | 5,263 | 5363 | 5,184 | ||||
| Stationery and Publications |
1,832 | 1,832 | 1,681 | ||||
| Postage | 922 | 922 | 671 | ||||
| Photocopier-Lease | and Meter | 786 | 786 | 641 | |||
| Equipment and Consumable |
Costs | 8,007 | Sr007 | 10,001 | |||
| ITand Website | 4,304 | 4404 | 4,190 | ||||
| Catering | 385 | 385 | 201 | ||||
| 154,732 | 80 | 154r812 | 152,953 | ||||
| Total Indirect Costs | 176,147 | 80 | 176,227 | 173,529 | |||
| Total | Ministry & | Training | Property | Governance | |||
| Mission | |||||||
| Total Indirect Costs | 176,147 | 24,661 | 15,853 | 133,872 | 1,761 | ||
| %ofDirect Costs | 100% | 14% | 9% | 76% | 1% |
| Institutions | Institutions | Individuals | Individuals | |||||
|---|---|---|---|---|---|---|---|---|
| Number | Amount | Number | Amount | |||||
| Ministry and Mission: |
||||||||
| Other mission projects | 6 | 28,319 | ||||||
| Ecumenical situations |
3 | 2,860 | ||||||
| Local Church Missions | 14 | 161,979 | ||||||
| Youth &Children's | Work | I | 10,000 | |||||
| Welfare Grants | 9 | 4371 | ||||||
| 24 | 203 158 | 9 | 4,371 | |||||
| Training: | ||||||||
| Ministers &lay | preachers | 13 | 29,054 | |||||
| Students | 3 | 750 | ||||||
| 16 | 29,804 | |||||||
| Property: | ||||||||
| Local Churches | 22 | 1,170,412 | ||||||
| Manses | 23 | 136,101 | ||||||
| 45 | 1,306,513 | |||||||
| Total Grants Charged | 69 | 1,509,671 | 25 | 34,175 | ||||
| 5 | EMPLOYMENT EMOLUMENTS | |||||||
| 31.12.22 | 31.12.21 | |||||||
| f. | ||||||||
| Wages &salaries | 245,743 | 247,157 | ||||||
| Employers national |
insurance | 30,500 | 28,573 | |||||
| Pension costs | 88498 | 81,607 | ||||||
| 356,741 | 357,337 | |||||||
| The average number | of | employees | during the year was as follows: | |||||
| Ministry &Mission | ||||||||
| Training | ||||||||
| Property | ||||||||
| Administration |
| 31.1222 | 31.12.21 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | |||||||||||||
| Realised gains/(losses) on investments sold Less: Gains/(losses) previously recognised in Synod accounts |
(609332) ~»3»J |
65,132 | |||||||||||
| Net gains/(losses) | in | year | on | investments | sold | (3,941,776) | 26,712 | ||||||
| Unrealised gains/(losses) |
on | investments | for the year | (107,811) | 2,882,278 | ||||||||
| Net gains/(losses) | on | Investments for the |
Year | (4,049,587) | 2,908,990 | ||||||||
| MOVKMKNT | IN FUNDS | ||||||||||||
| Balance | Income | Expenditure | Transfers | Gains/(losses) | Balaace | ||||||||
| Fund:- | 01.01.22 | between Funds | &n Investments | 31.12.22 | |||||||||
| 8 | |||||||||||||
| General Purposes | Unrestricted | 13,108,731 | 9,953,603 | (2,234,700) | (2,442,698) | 18384,936 | |||||||
| Endowment | 487,349 | (74,286) | 413,063 | ||||||||||
| Designated | 12,331,691 | 1,279,065 | (1,457,911) | (1,451,844) | 10,701,001 | ||||||||
| Alfriston Mission |
Project | Designated | 170,538 | 170038 | |||||||||
| Synod Mission Fund | Designated | 24,444 | 24,444 | ||||||||||
| Fund held for Uniting | Designated | 131,110 | 131,110 | ||||||||||
| Church Building | Restricted | 166 | 14,207 | (900) | 13,473 | ||||||||
| Endowment | 10,600 | (2,586) | 8,014 | ||||||||||
| Welfare | Restricted | 35,463 | 1,694 | (4,371) | (4,493) | 28,293 | |||||||
| Endowment | 2,839 | (693) | 2,146 | ||||||||||
| Retired Ministers' | Restricted | 311,578 | 5,665 | (533) | 316,710 | ||||||||
| Housing | Endowment | 177,000 | 177,000 | ||||||||||
| Milton Hall | Restricted | 114,832 | 8,957 | (80) | (6,619) | 117,090 | |||||||
| Endowment | 256,391 | (46,251) | 210,140 | ||||||||||
| Woolwich | Restricted | 212,947 | 6,045 | (19,584) | 199,408 | ||||||||
| 27.375.679 | 11,269,236 | (3697.962) | (4,049.587) | 30,897,366 |
| Fixtures, | |||||||
|---|---|---|---|---|---|---|---|
| Property | Equipment | Totals | |||||
| COST | 8 | ||||||
| At I January 2022 | 299,496 | 27,667 | 327,163 | ||||
| Additions in year |
1,995 | 1,995 | |||||
| Disposals in year |
(1,503) | (1,503) | |||||
| At 31December 2022 | 299,496 | 28, 159 | 327,655 | ||||
| 4,622,313 | |||||||
| DEPRECIATION | |||||||
| At 1 January 2022 | 22,940 | 22,940 | |||||
| Charge for period | 3,759 | 3,759 | |||||
| Eliminated for disposals |
(1,107) | (1,107) | |||||
| At 31 December 2022 | 25,592 | 25,592 | |||||
| NET BOOK VALUE | |||||||
| At 31December 2022 | 299,496 | 2,567 | 302,063 | ||||
| At 31December 2021 | 299,496 | 4,727 | 304,223 | ||||
| FIXEDASSET LISTED INVESTMENTS | |||||||
| UNRESTRICTED FUNDS | RESTRICTED FUNDS | ||||||
| Fixed Interest | UK | Fixed Interest | UK | TOTALS | |||
| Securities | Equities Fund | Securities | Equities | Fund | |||
| 6 | g | ||||||
| As at I January 2022 | 3,762,338 | 20,515,368 | 134,967 | 370,515 | 24,783,188 | ||
| Purchases | 7,362,813 | 21,688,535 | 102,316 | 315,310 | 29,468,974 | ||
| Sales | (5,800,511) | (21,740,382) | (134,967) | (370,514) | (28,046,374) | ||
| Net gains/(losses) fair value |
(99,414 | (15,493) | (275) | 7,371 | 107,811) | ||
| 5,225,226 | 20,448,028 | 102,041 | 322,682 | 26,0979977 | |||
| Cash held for Investment | 280,586 | 280,586 | |||||
| Fair Value at 31 December | 2022 | S&505~812 | 20.448.028 | 102.041 | 322~682 | 263/8.563 | |
| Cost at 31 December 2022 | 5,309,727 | 20,257,866 | 102,316 | 315,310 | 25,985,219 |
| 12 DEBTORS | |||||||
|---|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||||
| f | |||||||
| Sundry debtors | 76,171 | 34,893 | |||||
| 13 CREDITORS: AMOUNTS FALLING | DUE WITHIN | ONK YEAR | |||||
| 31.12.22 | 31.12.21 | ||||||
| Other creditors | 334354 | 67,854 | |||||
| Grants not drawn | 1306323 | ||||||
| 1,640,677 | 2,660,635 | ||||||
| 14 CREDITORS: AMOUNTS FALLING | DUK OUTSIDE | ONE YEAR | |||||
| 31.1222 | 31.12.20 | ||||||
| f | f. | ||||||
| Contribution to Ministers' |
Pension Fund | 1470v205 | 2,786,607 | ||||
| 2786607 | |||||||
| 15 DISPOSITION OF FUNDS ASAT 31 | December 2022 | ||||||
| Fund:— | Tangible | Investments | Social | Debtors/ | Cash k | ||
| Fixed Assets | Investments | Creditom | Deposits | TOTALS | |||
| f | f | ||||||
| General Purposes | Unrestricted | 227,342 | 15,919,045 | 95,816 | (2,479,580) | 4,622,313 | 18,384,936 |
| Endowment | 413,063 | 413,063 | |||||
| Manse | Designated | 74,721 | 9,193,570 | (26,970) | 1,459,680 | 10,701,001 | |
| Alfriston Mission Project |
Designated | 170,538 | 170,538 | ||||
| Synod Mission Fund | Designated | 428,161 | (428,161) | 24,444 | 24,444 | ||
| Fund held for Uniting | |||||||
| Churches | Designated | 131,110 | 131,110 | ||||
| Church Budding | Restricted | 13,473 | 13,473 | ||||
| Endowment | 8,014 | 8,014 | |||||
| Welfare | Restncted | 25,996 | 2,297 | 28,293 | |||
| Endowment | 2,146 | 2,146 | |||||
| Retired Ministers' | Restricted | 1,652 | 315,058 | 316,710 | |||
| Housing | Endowment | 177,000 | 177,000 | ||||
| Milton Hall | Restricted | 44,660 | 72,430 | 117,090 | |||
| Endowment | 210,140 | 210,140 | |||||
| Woolwich | Restricted | 302,063 | 13?116 26.378.563 |
95,816 | (2,934.7111 | 67392 7. SS,635 |
199408 3,897366 |
| 2021 | |||||
|---|---|---|---|---|---|
| Unrestricted | Funds | ||||
| General Purposes | Designated | Restricted | Total | ||
| Funds | Funds | Funds | Funds | ||
| INCOME AND ENDOWMENTS: | |||||
| Income from Investments | 456,493 | 404,570 | 12,953 | $74,016 | |
| Income from charitable | activities | ||||
| Donations and Legacies |
80,608 | 51,599 | 650 | 132,857 | |
| Other Income | 250,184 | 250,184 | |||
| Total operating income |
787,285 | 456,169 | 13,603 | 1,257,057 | |
| Income on sale ofproperties | 5,326,500 | 750,000 | 6,076,500 | ||
| Lease Premiums Received |
31,942 | 31,942 | |||
| Profit/(Loss) on sale ofproperties |
197,500 | 197,500 | |||
| 6,145,727 | 1,206,169 | 211,103 | 7,562,999 | ||
| Total Income and Endowments | |||||
| EXPENDITURE | |||||
| Expenditure on Charitable |
Activities | 762,258 | 1,105,647 | 10,483 | 1,878,388 |
| Total operating expenditure |
762,258 | 1,105,647 | 10,483 | 1,878388 | |
| Paymentto Inter-Synod |
|||||
| Resource Sharing | 35,000 | 35,000 | |||
| Contribution to the Ministers' |
|||||
| Pension Fund | 5,000,000 | 5,000,000 | |||
| Purchase ofMenses | 583,000 | 583,000 | |||
| Total Expenditure | 5,797358 | 1,688,647 | 10,483 | 7,496,388 | |
| Net Expenditure on |
|||||
| Operating Account |
25,027 | (649,478) | 3,120 | (621331) | |
| Net Income/(Expenditure) | 348,469 | ~482,478i | 200,620 | 66,611 | |
| Transfers between Funds |
1,070,189 | (1,070,189) | |||
| Other Recognised Gains/(Losses) | |||||
| Net (Losses)/Gains on Investments |
1,738,574 | 1,124,225 | 46,192 | 2,908,991 | |
| Net movement in funds |
3,157,232 | (482,47$) | 246,$12 | 2,975,602 | |
| Total funds brought forward |
10,438,848 | 13,086,225 | 875,004 | 24,400,077 | |
| Total funds carried forward | 13,596,080 | 12,603,747 | 1,121,816 | 27,375,679 |