OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

REGISTERED CHARITY NUMBER: 518173

THE SUPERINTENDENT MINISTER'S TRUST

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Scott & Wilkinson Dalton House

9 Dalton Square LANCASTER LA1 1WD

THE SUPERINTENDENT MINISTER'S TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16 to 17

THE SUPERINTENDENT MINISTER'S TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees Rev J M Townley
Mr N Wright
Mr R Tomkins
Mr D Broughton
Rev P Godfrey
Rev D Cronin
Principal address Acorn House,
Kingswood Estate
Britannia Road
BRISTOL
BS15 8DB
Registered charity number 518173
Independent examiner Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD
Bankers HSBC Bank Plc
49a Fishergate
Preston
PR1 8BH

Page 1

THE SUPERINTENDENT MINISTER'S TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

Objectives and aims

The charity is the United Kingdom denominational headquarters of The Free Methodist Church in the United Kingdom (FMCUK) which is part of the Free Methodist Church of North America, and the object of the charity is to further the religious and charitable work of FMCUK in accordance with the doctrines, policies and procedures of the church as set out in the latest Book of Discipline (2019). There are thirty three churches in the UK & Ireland Annual Conference, including one affiliated church, four in Northern Ireland, and one in Ireland.

Public benefit

We have served both the local and worldwide community in both direct provision of teaching for the personal and spiritual development and wellbeing of any individuals who seek it, and in facilitating our member churches to similarly provide that community benefit. We have provided significant funds for overseas development, the relief of poverty, and in generally improving the health and wellbeing of those seeking our help. Our member churches are also encouraged to send funds to suitable overseas projects. Our office operates as a hub, resourcing churches to assist them in meeting their charitable objectives, and advise them on matters of church governance.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

THE SUPERINTENDENT MINISTER'S TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Achievement and performance

Charitable activities

The Trustees are assisted in their management of the Charity by a Board of Administration who are appointed by the members at the Annual Meeting, made up of clergy and lay members, who generally meet quarterly. The following individuals have been members of the Board of Administration through the period covered by these accounts, and none receive remuneration in respect of this work except for John Townley who is employed by the Charity as National Leader, Pete Godfrey who is employed as Assistant to the National Leader, Sarah Whybrew who was employed as the Conference Office Secretary and Lucy Awde who is employed as the Conference Administrator:

Rev John Townley (Chair) Mr John Carter Mr Robert Tomkins Mrs Sam Baker (Resigned 07/03/2023) Rev Pete Godfrey Mr Dan Broughton Rev Dan Cronin Mrs S Whybrew (Secretary) (Resigned 23/05/2023) Mrs Lucy Awde (Secretary) (Appointed 03/08/2023) Rev Ian Clarkson (Appointed 13/05/2023) Mrs Joanne Parkinson (Appointed 13/05/2023)

The Board of Trustees meet twice per year. In addition, John Townley chairs the Ministerial, Education and Guidance Board overseeing the recruitment and training of new pastors, and the Trustees and Board of Administration.

The charity has supported ministers and churches through the central provision of services, including negotiation of Death in Service, and Private Health Insurance, guidance and support to all member churches in the day to day operation and extension of their outreach and service ministries. Grants are made available to church plants to assist them in their growth in the early stages of development. We have facilitated members of the churches in FMCUK in their charitable activities through training, mentoring and guidance to their staff and many volunteers through one to one support and national conferences.

The charity facilitates both overseas and UK mission work, and the alleviation of national and international poverty by directly raising funds for onward transmission to other charities and missionaries. Amongst others, we have supported projects for international childcare, disaster relief, and the formation of new churches in the UK.

In addition, the structural review performed in prior years continues to be implemented, improving the strategic direction of the organisation and its efficient functioning, enabling the charity to meet its charitable objectives.

Financial review

Principal funding sources

Income is mostly derived from free will gifts made to the church by church members and other interested individuals, together with contributions by member churches, some of which is designated to specific causes.

The trustees delegate day to day financial controls to the Board of Administration who operate within an agreed budget.

The board, by virtue of the regular board meetings, constantly scrutinise the finances, make judgements and estimates relating to available funds and appropriate allocation of these funds. The charity had an overall deficit of £169,063. The trustees, through the Treasurer, keep appropriate records which fully satisfy the legal requirements placed on trustees.

The attached accounts show the current state of the finances, which the trustees consider to be sound. Overall income for the charity was £273,326 with expenditure of £442,547. The expenditure not budgeted for has been met from general reserves. The trustees are satisfied that the assets of the charity are available and adequate to fulfil the obligations of the charity.

Page 3

THE SUPERINTENDENT MINISTER'S TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

Reserves policy

In accordance with the guidelines issued by the Charity Commissioners, the level of reserves is considered and reviewed at regular intervals. The trustees have adopted a policy to ensure sufficient reserves are maintained and that there are adequate funds to ensure that the charity is able to meet all current and known future liabilities within Charity Commission guidelines.

Free reserves held at the year end are £375,839 (2022 - £543,167).

Funds in deficit

No funds are in deficit.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

This charity's governing instrument is a Charity Commission Scheme dated 9 January 1984, and amended by the Trustees on 15 October 2009 with the consent of the Charity Commissioners.

The governing instrument does not impose any specific restrictions on the way the charity can operate and bestows full powers on the trustees in relation to investments insofar as they do not contravene the Trustee Act 2000 with regards to investment powers.

Recruitment and appointment of new trustees

The trustees must in number be six or more. They are appointed by the members of the charity at the annual meeting by a majority resolution of the members present. The trustees should comprise half clergy and half lay members. New trustees will be judged whether or not they are suitable candidates by the members. An existing trustee will immediately cease to act in that capacity if he/she is deemed bankrupt or makes an arrangement with creditors, ceases to qualify as a trustee or indicates in writing that he/she wishes to resign.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have considered the particular risks of fraud, the need to ensure compliance with legislation, being sued by an outside body, and the integrity of the computer system and taken appropriate steps to control these risks and mitigate impact. The charity is aware of Safeguarding issues and also advises member churches.

Financial and Budgetary control is pursued by the preparation and monitoring of the budget and studying the quarterly financial statements prepared by the Treasurer. The charity's cash deposits are now held between NatWest, HSBC, Charities Aid Foundation, Flagstone Group Ltd and Cambridge & Counties Bank.

The charity makes wide use of computers for its activities, with anti-virus protection and regular cloud back-ups to maintain data security. The accounting information is backed up to three different computers, and the General Office computer systems are backed up to the cloud and are password protected.

The Charity has protected the Trustees by way of Indemnity Insurance, and takes regular guidance from its legal advisers. There have been no 'serious incidents' requiring report to the Charity Commission during the year.

23/04/2024

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Rev J M Townley - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SUPERINTENDENT MINISTER'S TRUST

Independent examiner's report to the trustees of The Superintendent Minister's Trust

I report to the charity trustees on my examination of the accounts of The Superintendent Minister's Trust (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Tim Preece F.C.C.A

Scott & Wilkinson Dalton House 9 Dalton Square LANCASTER LA1 1WD 23/04/2024 Date: .............................................

Page 5

THE SUPERINTENDENT MINISTER'S TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
funds
Notes
£
Income and endowments from
Donations and legacies
2
159,837
Investment income
3
22,101
Total
181,938
Expenditure on
Raising funds
4
8,274
Charitable activities
5
Church activities
328,021
Total
336,295
Net gains on investments
158
NET INCOME/(EXPENDITURE)
(154,199)
Transfers between funds
14
(13,129)
Net movement in funds
(167,328)
Reconciliation of funds
Total funds brought forward
818,167
Total funds carried forward
650,839		 Restricted
funds
£
91,388
-
91,388
-
106,252
106,252
-
(14,864)
13,129
(1,735)
134,980
133,245		 2023
Total
funds
£
251,225
22,101
273,326
8,274
434,273
442,547
158
(169,063)
-
(169,063)
953,147
784,084		 2022
Total
funds
£
270,952
11,709
282,661
252
289,950
290,202
51,841
44,300
-
44,300
908,847
953,147

Continuing operations

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 6

THE SUPERINTENDENT MINISTER'S TRUST

BALANCE SHEET 31 DECEMBER 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
Fixed assets
Investment property 11 275,000 - 275,000 275,000
Current assets
Debtors 12 31,172 934 32,106 24,000
Cash at bank 503,283 138,083 641,366 689,993
534,455 139,017 673,472 713,993
Creditors
Amounts falling due within one year 13 (158,616) (5,772) (164,388) (35,846)
Net current assets 375,839 133,245 509,084 678,147
Total assets less current liabilities 650,839 133,245 784,084 953,147
NET ASSETS 650,839 133,245 784,084 953,147
Funds 14
Unrestricted funds 650,839 818,167
Restricted funds 133,245 134,980
Total funds 784,084 953,147

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 23/04/2024

............................................. Rev J M Townley - Trustee

The notes form part of these financial statements

Page 7

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. Accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 8

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2.
Donations and legacies
Contributions from churches
Donations
CMC contibutions
Workplace pension
Insurance recharges
3.
Investment income
Rents received
Deposit account interest
4.
Raising funds
Investment management costs
Management fees
Property repairs
5.
Charitable activities costs
Grant
funding of
activities
Direct
(see note
Costs
6)
£
£
Church activities
229,335
201,673		 2023
£
118,718
21,780
2,148
80,112
28,467
251,225
2023
£
9,300
12,801
22,101
2023
£
1,185
7,089
8,274
Support
costs (see
note 7)
£
3,265		 2022
£
113,801
58,057
-
76,605
22,489		 2022
£
113,801
58,057
-
76,605
22,489
270,952
2022
£
9,000
2,709
11,709
2022
£
-
252
252
Totals
£
434,273		 2022
£
9,000
2,709
11,709

Page 9

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. Grants payable

Church activities
The total grants paid to institutions during the year was as follows:
Board of World Missions - Childcare
Board of World Missions - Europe
Board of World Missions - South Africa
Evan FD church planting		 2023
£
201,673
2023
£
5,006
5,342
2,325
3,000
15,673		 2022
£
71,632
2022
£
6,826
16,726
1,725
46,355
71,632

7. Support costs

Church activities Support costs, included in the above, are as follows:

Governance costs £ 3,265

Governance costs

Governance costs
2023 2022
Church Total
activities activities
£ £
Independent examiners fee 3,265 3,392

8. Trustees' remuneration and benefits

Rev J M Townley received remuneration of £48,192 and the charity contributed £3,876 to his pension scheme as an employer pension contribution. (2022: £45,864 remuneration and £3,876 pension) This remuneration was in respect of his employment by the charity. Approval was given in 2021 for this appointment in accordance with the amendments made to the Trust Deed in 2009.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Page 10

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

9.
Staff costs
Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:
Charitable activities
No employees received emoluments in excess of £60,000.
10.
Comparatives for the statement of financial activities
Unrestricted
funds
£
Income and endowments from
Donations and legacies
137,436
Investment income
11,709
Total
149,145
Expenditure on
Raising funds
252
Charitable activities
Church activities
139,963
Total
140,215
Net gains on investments
51,841
NET INCOME/(EXPENDITURE)
60,771
Reconciliation of funds
Total funds brought forward
757,395
Total funds carried forward
818,166		 2023
£
64,731
537
65,268
2023
3
Restricted
funds
£
133,516
-
133,516
-
149,987
149,987
-
(16,471)
151,452
134,981		 2022
£
60,433
1,645
62,078
2022
3
Total
funds
£
270,952
11,709
282,661
252
289,950
290,202
51,841
44,300
908,847
953,147

Page 11

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11.
Investment property
Fair value
At 1 January 2023
and 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
Fair value at 31 December 2023 is represented by:
Valuation in 2022
12.
Debtors: amounts falling due within one year
2023
£
Trade debtors
7,231
Other debtors
4,630
Prepayments
20,245
32,106
13.
Creditors: amounts falling due within one year
2023
£
Other creditors
164,388		 £
275,000		 £
275,000
275,000
275,000
£
275,000
2022
£
2,229
1,425
20,346
24,000
2022
£
35,846

Page 12

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

14. Movement in funds

Unrestricted funds
General fund
Investment property
Discretionary fund
Restricted funds
Board of World Missions - Childcare
Board of World Missions - Europe
Board of World Missions - general fund
Board of World Missions - South Africa
Board of World Missions - Visa
Evan FD church planting
Church building loan fund
Conference outreach ministries fund
Pension scheme
V Trinder legacy for use in GB
Church Planting in NI
Bishops crisis response
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Board of World Missions - Childcare
Board of World Missions - Europe
Board of World Missions - general fund
Board of World Missions - South Africa
Evan FD church planting
Pension scheme
Bishops crisis response
TOTAL FUNDS		 At 1/1/23
£
469,204
275,000
73,963
818,167
72
2,735
13,625
9
557
12,575
17,958
15,647
-
43,871
27,931
-
134,980
953,147
follows:
Incoming
resources
£
181,938
2,219
2,878
-
2,355
3,649
80,113
174
91,388
273,326		 Net
movement
in funds
£
(154,199)
-
-
(154,199)
(2,787)
(2,516)
(68)
30
-
649
-
-
(10,346)
-
-
174
(14,864)
(169,063)
Resources
expended
£
(336,295)
(5,006)
(5,394)
(68)
(2,325)
(3,000)
(90,459)
-
(106,252)
(442,547)		 Transfers
between
At
funds
31/12/23
£
£
(13,129)
301,876
-
275,000
-
73,963
(13,129)
650,839
2,783
68
-
219
-
13,557
-
39
-
557
-
13,224
-
17,958
-
15,647
10,346
-
-
43,871
-
27,931
-
174
13,129
133,245
-
784,084
Gains and
Movement
losses
in funds
£
£
158
(154,199)
-
(2,787)
-
(2,516)
-
(68)
-
30
-
649
-
(10,346)
-
174
-
(14,864)
158
(169,063)

Page 13

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

14. Movement in funds - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Investment property
Discretionary fund
Restricted funds
Board of World Missions - Childcare
Board of World Missions - Europe
Board of World Missions - general fund
Board of World Missions - South Africa
Board of World Missions - Visa
Evan FD church planting
Church building loan fund
Conference outreach ministries fund
Pension scheme
V Trinder legacy for use in GB
Church Planting in NI
TOTAL FUNDS		 At 1/1/22
£
472,747
223,000
61,648
757,395
610
2,479
13,863
-
557
28,440
17,958
15,647
96
43,871
27,931
151,452
908,847		 Net
movement
in funds
£
(3,543)
52,000
12,315
60,772
(538)
256
(238)
9
-
(15,865)
-
-
(96)
-
-
(16,472)
44,300		 At
31/12/22
£
469,204
275,000
73,963
818,167
72
2,735
13,625
9
557
12,575
17,958
15,647
-
43,871
27,931
134,980
953,147

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Investment property
Discretionary fund
Restricted funds
Board of World Missions - Childcare
Board of World Missions - Europe
Board of World Missions - general fund
Board of World Missions - South Africa
Evan FD church planting
Pension scheme
Bishops crisis response
TOTAL FUNDS		 Incoming
resources
£
115,569
-
33,576
149,145
7,403
6,221
-
2,388
6,635
76,605
34,264
133,516
282,661		 Resources
expended
£
(118,953)
-
(21,261)
(140,214)
(7,941)
(5,965)
(238)
(2,379)
(22,500)
(76,701)
(34,264)
(149,988)
(290,202)		 Gains and
Movement
losses
in funds
£
£
(159)
(3,543)
52,000
52,000
-
12,315
51,841
60,772
-
(538)
-
256
-
(238)
-
9
-
(15,865)
-
(96)
-
-
-
(16,472)
51,841
44,300		 Gains and
Movement
losses
in funds
£
£
(159)
(3,543)
52,000
52,000
-
12,315
51,841
60,772
-
(538)
-
256
-
(238)
-
9
-
(15,865)
-
(96)
-
-
-
(16,472)
51,841
44,300
60,772
(538)
256
(238)
9
(15,865)
(96)
-
(16,472)
44,300

Page 14

THE SUPERINTENDENT MINISTER'S TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

15. Related party disclosures

Donations of £186,000 were made to Kingdom Builders UK (Charity number 1192754) of which Rev J M Townley is a Trustee.

Page 15

THE SUPERINTENDENT MINISTER'S TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Income and endowments
Donations and legacies
Contributions from churches
Donations
CMC contibutions
Workplace pension
Insurance recharges
Investment income
Rents received
Deposit account interest
Total incoming resources
Expenditure
Investment management costs
Management fees
Property repairs
Charitable activities
Wages
Social security
Conference office and manse costs
Annual conference expenses
Cost of goods and services provided
Contribution to assistant NL
Workplace pension
Travel & subsistence
Insurance
Grants to institutions
Support costs
Governance costs
Independent examiners fee
Total resources expended
Net expenditure before gains and losses		 2023
£
118,718
21,780
2,148
80,112
28,467
251,225
9,300
12,801
22,101
273,326
1,185
7,089
8,274
64,731
537
13,280
5,825
6,069
8,078
85,140
16,271
29,404
201,673
431,008
3,265
442,547
(169,221)		 2022
£
113,801
58,057
-
76,605
22,489
270,952
9,000
2,709
11,709
282,661
-
252
252
60,433
1,645
15,933
4,367
4,762
7,808
82,843
5,811
31,324
71,632
286,558
3,392
290,202
(7,541)

This page does not form part of the statutory financial statements

Page 16

THE SUPERINTENDENT MINISTER'S TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Realised gains/losses on foreign exchange
Net (expenditure)/income		 2023
£
-
158
(169,063)		 2022
£
52,000
(159)
44,300

This page does not form part of the statutory financial statements

Page 17