2023-09-30-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	17
Detailed Statement ofFinancial Activities		18

		FOR THK	YEAR ENDED 30SEPT	EMBER2023
				2023	2022
				Uru estricted	Total
				funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Investment	income			232,182	349,717
EXPENDITURE ON
Charitable	activities
Theological	education			360,128	225,799
Net gahts/(losses) on investments				286,890	(1499,674)
NKT INCOME/(EXPENDITURE)				158,944	(1,175,756)
RECONCILIATION		OF FUNDS
Total funds	brought forward			10,096,225	11,271,981
TOTAL FUNDS CARRIED FORWARD				10755,169	10,096,225

	BALANCE SHEET 30SEPTEMBER2023
		2023	2022
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Investments		9,850,591	9,473,614
CURRENT ASSETS
Cash at bank		790,957	865,429
CREDITORS
Amounts falling due within one year		(240,188)	(120,484)
NET CURRENT ASSETS		550,769	744,945
TOTAL ASSETSLESSCURRENT
LIABILITIES		10,401,360	10,218,559
CREDITORS
Amounts falling due afier more than one year	9	(146,191)	(122,334)
NET ASSETS		10455,169	10,096,225
FUNDS	10
Unrestricted funds		10,255,169	10,096,225
TOTAL FUNDS		10,255,169	10,096,225

							2023	2022
Dividends	receivable		and fees rebate				224,584	348,735
Deposit account interest							7,598	982
							232,182	349,717
CHARITABLE ACTIVITIES COSTS
						Grant
						funding of
						activities
						(see note	Support
						4)	costs	Totals
Theological		education				337,641	22,487	360,128
GRANTS	PAYABLE
							2023I	2022
Theological		education					337,641	207,532
The total grants paid			to tnstitutions	during	the year was as follows:
							2023	2022
							f,
Degrees in	Theology							(4,466)
Innovation	Fund						175,788	75,298
Scholarships							50,340	98,700
Fellowships							30,082	18,000
Discretionary		Grants					81,431	20,000
							337,641	207,532

	2023	2022
Angola	2,574
Brazil	443	44,872
Burundi	36,200	5,030
Costa Rica	340
DR Congo	20,000	(127)
India	7,306
Israel		20,208
Kenya	80,599	37,200
Madagascar	14,615
Malaysia	2,515
South Afilca	2,035	29,480
Sri Lanka		2,000
SSudan	41,114
Spain	2,500
Tanzallla	23,880	13,290
Uganda	3,520	13,534
UK	100,000	40,000
Zimbabwe		2,045
	337,641	207,532

	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THK YEAR ENDED 30SEPTEMBER2023	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THK YEAR ENDED 30SEPTEMBER2023
6.	COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted
			funds
			8
	INCOME AND ENDOWMENTS FROM
	Investment income		349,717
	EXPENDITURE ON
	Charitable activities
	Theological education		225,799
	Net gains/(losses) on investments		(1,299,674)
	NKT INCOME/(EXPENDITURE)		(1,175,756)
	RECONCILIATION	OFFUNDS
	Total funds brought forward		11,271,981
	TOTAL FUNDS CARRIED FORWARD		10,096,225
7.	FIXEDASSETINVESTMENTS
			Listed
			investments
	MARKET VALUE
	At 1 October 2022		9,473,614
	Additions		90,087
	Revaluations		286,890
	At 30 September 2023		9,850,591
	NET BOOK VALUE
	At 30 September 2023		9,850,591
	At 30 September 2022		9,473,614

CREDI	TOR	S	: AMOUNTS	FA	LLING DUE WITHIN ONK	YEAR
							2023	2022
Charitable activities							231,235	112,842
Other creditors			and accruals				8,953	7,642
							240,188	120,484
CREDITORS: AMOUNTS				FALLING DUK AFTER MORE		THAN ONE	YEAR
							2023	2022I
Charitable activities							146,191	122,334
MOVEMENT			IN FUNDS
						Net	Transfers
					At	movement	between	At
					1.10.22	in funds	funds	30.9.23
Unrestricted		funds
General	fund				10,066,215	158,242	(20,000)	10,204,457
Lambeth	Fund		2030		30,010	702	20,000	50,712
					10,096,225	158,944		10,255,169
TOTAL	FUNDS				10,096,225	158,944		10,255,169
Net movement			in funds, included		in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					f.		f.
Unrestricted		funds
General	fund				230,920	(360,128)	287,450	158,242
Lambeth	Fund		2030		1,262		(560)	702
					232,182	(360,128)	286,890	158,944
TOTAL	FUNDS				232,182	(360,128)	286,890	158,944
Comparatives			for movement	in	funds
						Net	Transfers
					At	movement	between	At
					1.10.21	in funds	funds	30.9.22
Unrestricted		funds
General	fund				11,258,396	(1,]72,181)	(20,000)	10,066,215
Lambeth	Fund		2030		13,585	(3,575)	20,000	30,010
					11,271,981	(1,175,756)		10,096,225
TOTAL	FUNDS				11,271,981	(1,]75,756)		10,096,225

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		348,865	(225,799)	(1295,247)	(1,172,181)
Lambeth Fund	2030	852		(4,427)	(3,575)
		349,717	(225,799)	(1,299,674)	(1,175,756)
TOTAL FUNDS		349,717	(225,799)	(1399,674)	(1,175,756)

	FOR THE YEAR ENDED 30	SEPTEMBER2023
		2023	2022
		g
INCOME AND ENDOWMENTS
Investment income
Dividends receivable	and fees rebate	224,584	348,735
Deposit account interest		7,598	982
		232,182	349,717
Total incoming resources		232,182	349,717
EXPENDITURE
Charitable activities
Grants payable		337,641	207,532
Support costs
Governance costs
Trustees' expenses		353	255
Auditors' remuneration		6,186	4,860
Fees to Dean &Chapter ofCanterbury		2,400	600
Administration costs		11,319	11,929
Other expenses		2,229	623
		22,487	18,267
Total resources expended		360,128	225,799
Net (expenditure)/income		(127,946)	123,918