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|||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||
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|||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|
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|||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|
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|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|
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||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|
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||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)|
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||||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|
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||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|