2022-09-30-accounts

		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Balance Sheet
Notes to the Financial Statements	12	to	18
Detailed Statement ofFinancial Activities		19

		FORTHE	YEAR ENDED 30SEPT	EMBER2022
				2022	2021
				Unrestricted	Total
				funds	fimds
			Notes
INCOME	AND ENDOWMENTS FROM
Investment	income			349,717	301,614
EXPENDITURE ON
Charitable	activities
Theological	education			225,799	222/48
Net gains/(losses) on investments				(1,299,674)	826,552
NET INCOME/(EXPENDITURE)				(1,175,756)	905,918
RECONCILIATION		OF FUNDS
Total funds	brought forward			11,271,981	10,366,063
TOTAL FUNDS CARRIED FORWARD				10,096,225	11,271,981

		2022	2021
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Investments		9,473,614	10,551,323
CURRENT ASSETS
Debtors			600
Cash at bank		865,429	1,030,068
		865,429	1,030,668
CREDITORS
Amounts falling due within one year		(120,484)	(209,760)
NKT CURRENT ASSETS		744,945	820,908
TOTAL ASSETSLESSCURRENT
LIABILITIES		10,218,559	11,372,231
CREDITORS
Amounts falling due after more than one year	10	(122,334)	(100450)
NKT ASSETS		10,096,225	11,271,981
FUNDS
Unrestricted funds		10,096725	11,271,981
TOTAL FUNDS		10,096,225	11,271,981

Further information relating to her	Further information relating to her	Further information relating to her	Further information relating to her	itage assets is included in the not	es to the financ	ial statements.
INVESTMENT INCOME
						2022	2021
						f.
Dividends	receivable		and fees rebate			348,735	301,180
Deposit account interest						982	434
						349,717	301,614
CHARITABLEAC~S COSTS
					Grant
					funding of
					activities
					(see note	Support
					4)	costs	Totals
					f,
Theological		education			207,532	18,267	225,799
GRANTS	PAYABLK
						2022	2021
							f,
Theological		education				207,532	203,556
The total grants paid			to institutions	during the year was as follows:
						2022	2021
Degrees in	Theology					(4,466)	(15,935)
Innovation	Fund					75,298	97,576
Scholarships						98,700	95,915
Fellowships						18,000	6,000
Discretionary		Grants				20,000	20,000
						207,532	203,556

	2022	2021
Angola		8,086
Argentina		2,000
Brazil	44,872	20,193
Burundi	5,030
Costa Rica		12,398
DR Congo	(127)	67,010
Israel	20,208
Kenya	37,200	(3,621)
Myanmsr		11,812
North India		50,000
South Africa	29,480	164
Sri Lanka	2,000	9/60
S Sudan		(263)
Tanzania	13,290	4,338
Uganda	13,534	2,179
UK	40,000	20,000
Zimbabwe	2,045
	207,532	203,556

	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30SEPTEMBER2022	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30SEPTEMBER2022
6.	COMPARATIVKS FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted
			fimds
			f.
	INCOME AND ENDOWMENTS FROM
	lnveslment income		301,614
	EXPENDITURE ON
	Charitable activities
	Theological education		222,248
	Net gains on investments		826,552
	NET INCOME		905,918
	RECONCILIATION	OFFUNDS
	Total funds brought forward		10,366,063
	TOTAL FUNDS CARRIED FORWARD		11,271,981
7.	FIXEDASSETINVKSTMKNTS
			Listed
	~TVALUE		investments
	At 1October 2021		10,551,323
	Additions		221,965
	Revaluations		(1,299,674)
	At 30 September 2022		9,473,614
	NET BOOK VALUE
	At 30 September 2022		9,473,614
	At 30 September 2021		10,551,323

					2022I	2021
	Prepayments					600
9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONK			YEAR
					2022	2021
	Charitable activities				112,842	201,483
	Other creditors and accruals				7,642	8477
					120,484	209,760
10.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE			THAN ONK	YEAR
					2022	2021
	Charitable activities				122,334	100,250
11.	MOVEMENT IN FUNDS
				Net	Transfers
			At	movement	between	At
			1.10.21	in funds	funds	30.9.22
						I
	Unrestricted	funds
	General fund		11,258,396	(1,172,181)	(20,000)	10,066,215
	Lambeth Fund	2030	13,585	(3575)	20,000	30,010
			11271,981	(1,175,756)		10,096/25
	TOTAL FUNDS		11,271,981	(1,175,756)		10,096,225

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
			f.
Unrestricted	funds
General fund		348,865	(225,799)	(1,295,247)	(1,172,181)
Lambeth Fund	2030	852		(4,427)	(3,575)
		349,717	(225,799)	(1499,674)	(1,175,756)
TOTAL FUNDS		349,717	(225,799)	(1,299,674)	(1,175,756)

			Net
		At	movement	At
		1.10.20	in funds	30.9.21
Unrestricted	funds
General fund		10,353,892	904,504	11,258,396
Lambeth Fund	2030	12,171	1,414	13,585
		10,366,063	905,918	11,271,981
TOTAL FUNDS		10,366,063	905,918	11,271,981

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		301,614	(222,248)	825,138	904,504
Lambeth Fund	2030			1,414	1,414
		301,614	(222,248)	826,552	905,918
TOTAL FUNDS		301,614	(222,248)	826,552	905,918

	FORTHE YEAR ENDED 30	SEPTEMBER2022
		2022	2021
INCOME AND ENDOWMENTS
Investment income
Dividends receivable	and fees rebate	348,735	301,180
Deposit account interest		982	434
		349,717	301,614
Total incoming resources		349,717	301,614
EXPENDITURE
Charitable activities
Grants payable		207,532	203,556
Support costs
Governance costs
Trustees' expenses		255	73
Auditors' remuneration		4,860	3,250
Fees to Dean &Chapter ofCanterbury		600	4,800
Administration costs		11,929	9,377
Other expenses		623	1,192
		18467	18,692
Total resources expended		225,799	222,248
Net income		123,918	79,366