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