Bristol Ecclesiastical Charity (formerly known as Bristol Archdeaconry Charity) REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2025 Bristol Cathedral, College Green, 8ristol 8SI 5TJ Charity number 1058853
Bristol Ecclesiastical Charity CONTENTS Page Legal and Administrative Information Trustees, Annual Report Independent Auditor's Report Statement of Financial Activities io Balance Sheet li Notes to the Financial Ststements 12-19
Bristol Ecclesiastical Charity LEGAL & ADMINISTRATIVE INFORMATION PRINCIPAL OFFICE ADDRESS Bristol Cathedral College Green Bristol, 8SI 5TJ TRUSTEES C J Jowett-lve B H Silvev C G Havill (resigned 31 December 20251 D J Maggs CWER8uchan A Street G Joyner S O'shea (resigned 31 December 20251 Revd Dr A Howkins Iresigned 31 Dember 20251 A James (joined January 20261 D Smith tioined March 20261 The Venerable R Waring- Archdeacon of Bristol lex olfitio) The Revd Dr B Green fex offic) Bankers: Natwest Bank plc 32 Corn Street Bristol BSI IHQ CAF Bank 25 Kings Hill Avenue Kings Hill West Malling. Kent. ME19 4JQ Investment Advlsers Quilter Cheviot Three Temple Quay Temple Way, Bristol, 8516DZ Sollcltor5 Stone King LLP Upper Borough Court 3 Upper Borough Wa115, Bath, BAI IRG Independent Auditor Burton Sweet Limited 5 Farleigh Court Old Weston Road Bristol, BS48 IUR
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 TRUSTEES, ANNUAL REPORT Report of the Trustees for the Year Ending 31 December 2025 The trustees are pleased to present their annu31 report together with the accounts of the charity for the year ending 31 December 2025. On 29 August 2025, the Charity Commission issued a linking direction under the provisions of the Charities Act, this direction takes effect for the whole of the financial year in which it is m3de. As a result, Bristol Ecclesiastical Charity (formerly known as Bristol Archdeaconry Charity) became linked with Temple Ecclesiastical Charitv (Charity re8lStration number 1058853-41 and St Thomas Ecclesiastical Charity Icharity registration number 1058853-161. These financial statements are prepared on 3 combined basis and include the results and financial position of all three tharities. Comparative figures have also been presented on the same tombined basis. See note 17 of the financial statements for further details. Chalrperson's Report 202S was a year of transition as we looked to streamline the activities and governance of the three charities to establish the combined 8ristol Ecclesiastical Charity. After manv vears of discussion between the trustee of the different charities, careful consultation with our partner5 and a significant period of coordinated grant giving- the trustees resolved to bring together the three charities under one board with a common vision under the name Bristol Ecclesiastical Charity. The reason for this change is to increase the impact of the charities both by reducing the running tosts, but also by developing a new strategy for grant giving. Thi5 grant giving strategy will be fully developed during 2026 and will seek to grow more meaningful relation5hip5 Wlth our grantees and a more strategic approach to grant giving, including offering longer term support to churches- in line with the objects of each of the individual charities. l am very grateful to those that have served 35 trustees of the three charitie5, some over many decades, who have generously given their time, energy and talents to support the work of the church in our area. l am particularly 8rateful to the previous chairs of the ch3ritiesfor stayin8 as trustees until the end of 2025, to ensure a smooth transltion. The role of the Clerk was taken up by Andy Webb from 1st September 2025, and we have greatly appreciate(I the support from our former Clerks in helping him navigate the complexities and quirks of each of the separate charities. We are now able to look to the future and how to ensure we can broaden the scope of impartful grant maklng in line with our charitable objectives to benefrt the city and people of Bristol.
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 TRUSTEES, ANNUAL REPORT PURPOSES AND AcrivtriE5 Objects of Brlstol Ectleslastlcal Charlty The object of the charity is to further the religiou$ and other charitable work of the Church of England in the area of benefit. Alms, objertlves and strate8y Publlc beneflt The Trustees are aware of the Charity Commission's guitlance on public benefit and have had regard to it in their administration of Bristol Ecclesiasiical Charity. The Trustees believe that this report, taken 35 a whole, provides evidence that the work of Bristol Ecclesiastlcal Charity in 2025 furthered its charitable purposes for the public beneflt. Grant.makln8 pollcles The Charity has established 11$ grant-making policy to achieve its objects for the public benefit sn supporting the work of the Church of England within the Bristol Archdeaconry and surrounding area. Grants applications are received twice a year and reviewed by the Grants Committee. There recommendations are considered by the Trustees at their next meetlng. The grant applicants are then notified of the decision. STRUCTURE, GOVERNANCE AND MANAGEMENT Constbtutlon The new charity, Bristol Ecclesiastical Charity. came into being on the 30 April 202S with the amalgamation of St. Thomas Ecclesiastical Charity. Bristol Archdeaconry Chairty and Temple Ecclesiastical Charity with the same persons as trustees. The trustees of the three charities applied to the Charity Commission for linked status which was granted on 29 August 2025. Method. pollcy and procedure of recrultment ol Trustees Those acting as trustees during the year ended 31 December 2025 are listed in Legal and Administrative Information on page l. There may be between six and fifteen Trustees. New trustees are recommended io the Charity as having the requisite ski115 and experience and bring diversity to the board. Prospective candidates are invited to attend a boord meeting a5 an observer and to meet existinB trustees. If 5ucce55ful, they are then invited to join the board. Risk mana8ement The trustees have identified and reviewed the major risks to which the Charity 15 exposed and have established processes and controls to manage those risks. The princip31 risks which the trustees have identified are grants for projects being offered which are not within the objetts of the Charity, and a f311 in the value of the Charity's investment portfolio. The trustees carefully consider every grant application to make sure that the project falls
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 TRUSTEES, ANNUAL REPORT within the objects of the Charity, and the trustees protect the ChariWs investments by appointing reputable investment managers and by monitoring their performance. ACHIEVEMENTS AND PERFORMANCE Overvlew Brlstol Ecclesiastical Charity IBECI was created on YO April, 2025 by the linking of three existing Charities.. Temple Ecclesiastical Charity, Bristol Archdeaconry Charity and St Thomas Ecclesiastical Charity. The objects of the three charities are very similar- in furthering the religious and other charitable work of the Church of England in the area of the Archdeaconry of Bristol- and it was considered that the charities could operate more effectively. and at a lower cost. by joining together. The integration of operations under a single board of Trustees has enabled the combined charities to have a clear focus in its grant's strategy through a unifled Grants Committee. which should enable BEC to provide larger grants. spread over a longer period, and a higher level of grants over311. The secretariat and the asset management activities have also been combined,. the latter under a single investment manager with effect from January 2026 which h35 saved some ongoing fund management costs. I would like to thank the outgoing Trustees who served on the boards of Trustees of the three charities and stepped down at the time of the linkin8. Their contribution in stewar(Jing the charities and in effecting of the linking is enormously appreciated. During this first year of the linking direction there has been much to do in coalescinB the attivities of the separate charities and this has inevitably led to a short hiatus in grant making activities. The process is now largely complete, and the trustee5 hève ambition5 to pay grants in the order of £5C(I,CKJO per annum as soon as possible, subject of course to investment performance. This level will be an increase over the previous year5 when the charities were separate. Offlce operatlons In 2025 Administrative support is supplied by Bristol Cathedral. Future Plans Towards the end of 202S the trustees started an exercise to consider how we can develop longer-term relationships with more churches and other allied organisationswithin Bristol to broaden the Scope of the grant5 we award. We are also planning on relaunching our webslte and moving to an automated grant application system in 2026. FINANCIAL REVIEW Total income in 2025 amounted to £445.93612024 £473.5521 and total expenditure amounted to £593.817 12024 - £567,492) leaving a net deficit before revaluations and investment gain5 of £147,88112024 - deficit £93,940). Net investment Eains in the year amounted to £863.60012024. £602.1501
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 TRUSTEES, ANNUAL REPORT Investment policy The trustees have appointed Quilter Cheviot as investment managers. They have been instructed to pursue an investment strategy that will maintain the value of the portFolio and provide 3 net real return of inflation plus 4 per cent per annum. The performance of the investment managers is monitored by the Finance Investment and Audit Committee IFIACI. Reserves poll¢y The trustees seek to maintain an appropriate balance between making funds available for grant payments in the short term and accumulating capital to sustain the Charitvs activities in the longer term. The Trustees aim to make annual grants in the range 3-4 per cent of the total value of investments and to maintain total unrestricted reserve5 of not less than two years costs of grant making activities. The total value of funds as at 31 December 202S amounted to £14.890.674. comprising £1,184.749 of unrestricted funds and £13,705.92S of endowment funds. Trustee< responslbllltles In relatlon to the financlal ststements The Trustees are responsible for preparing the Tru5tee5' Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In pparIng these financial statements, the Trustees are required to.. select suitable accountin8 policies and then apply them consistentlv, observe the methods and principles in the Charities SORP 2019 IFRS 1021, make judgements and esiimates that are reasonable and prudent, state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the 80ing concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the governing documents. They are also responsible for safeEu3rding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 TRUSTEES, ANNUAL REPORT Auditor The auditor, Burton Sweet LTD, have indicated theirwillingness to continue in office and a resolution concerning their appointment will be proposed at the Annual General Meeting. Approved by the Board of Trustees on 13 July 2026 and signed on its behalf by.. Jowett-lve Chalr CWER Buchan Trustee
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 INDEPENDENT AUDITOR'S REPORT Independent audito$ report to the mernbers of Bristol Ecde5iaStical Charity Oplnlon We have audited the financial statements of Bristol Ecclesiastical Charity (the -ChariW'I for the year ended 31 December 2025 which comprise the Statement of Financial Activities, the Balance Sheet, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable13w and United Kingdom Accountin8 Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practicel. In our opinion, the financial statements: give a true and fair wew of the state of the Charivs affairs at 31 December 202S and of its income and expenditure for the year then ended.. have been properly prepared In accordance with the Unitetl Klngtlom Generally Accepted Accounting Practice,. have been prepared in accordance with the requirements of the Charities Act 2011. Basls of oplnlon We conducted our audlt In accordance with International Standards on Auditing IUKI IISAS IUKII and appllcable law. Our responsiblllties under those standards are furrher described In the Auditorfs responsib511ties for the audit of the financial siatements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant io our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirementg. We belleve that the audlt evidence we have obtained is sufficient and approprlate to provlde a bas15 for our opinion. Concluslons relatlng to 8olng concem In auditing the financial statements, we have concluded that the trustees, use of the 8oing concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for 155ue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant section5 of thi5 report. Other information The trustees are responsible for the other informatiorb. The other informatiorb comprises the information included in the annual report otherthan the financial statement5 and our auditorf5 report thereon. Our opinion on the financial statement5 doe5 not cover the other information and, except to the eKtent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 INDEPENDENT AUDITOR'S REPORT In connection with our audit of the financial statements, our responsibility is to read the other information and, in doin8 so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement of the other information. If, based on the work we have performed, we conclude that there is 3 material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requSred to report by exceptlon We have nothing to report in respect of thefollowin8 matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion: sufficient accountin8 records have not been kept: the financial staternents are not in agreement with the atcovnting records and returns; or we have not obtained all the information 8nd explanatiorts necessary for the purposes or our audlt. Responslbllltles to the trustees As explained more fully in the trustees, responsibilities statement. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statement5 that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the CharitV'5 ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unle55 the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Audltorf5 re5ponslblllUes for the audlt of the financSal ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 IUKI will alway5 detect a material misstalement when it exists. Mi55tatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these finJntial statements. Our approach to identifying and assessin8 the risks of material misstatement in respect of irre8ularities, including fraud and non-compliance with laws and regulations, was as follows: we identified the laws and regulations applicable to the charity through discussions with those charged with governance and other management, and from our knowledge and experience of the sector; we focused on specific laws and regulations which we considered may have a direct material effett on the financial statements of the operations of the company. induding the Charities Act 2011, taxation
Bristol Ecclesiastical Charity YEAR ENDED 310ECEMBER 2025 INDEPENDENT AUDITOR'S REPORT legislation and data protection, anti-bribery, employment, pension5, environmental and health and safety legislation., and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, inspecting legal correspondence and remaining alert during the audit for any indications of non-compliance. Our audit procedures in relation to fraud included but were not limited to: making enquiries of those charged with governance an(J other management as to where they considered there was Su$PtIbilitY to fraud, their knowledge of actual, suspected and alleged fraud,. discussing amon85t the engagement team the risks of fraud: 8èinin8 an understanding of the internal controls in place to miti8ate risks of fraud and non-compliance with laws and regulations,. testing journal entries to identify unusual transactions; assessing whether jvd8ements an(J assumptions made in determining the accounting estimates set out in the accounting policies were indicative of potential bias- and investl8atin8 the rationale behind significant or unusual transartions. There are inherent limitations In our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the (Jirectors and other management and the inspection of regulatory anil legal correspondence, If any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statement5 is located on the Financial Reporting Countil's webslte at www.frc.or .uk auditors audit-assurance-ethics auditors-res the-audit. This description forms part of our auditorf5 report. Use of our report Thi5 report is made solely to the ChariVs trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulation5 made under section 154 of the Act. Our audit work has been undertaken 50 that we might state to the Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assurne re5pon5ibility to anyone other than the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Burton Sweet Limited Statutory Auditor The ClockTower S Farleigh Court Old Weston Road Flax Bourton Bristol BS48 IUR Date.. Aug 06 2026
BRISTOL ECCLESIASTICAL CHARI STATEMENT OF FINANCIAL ACmv1Es YEAR ENDED 31 DECEMBER 2025 Unrestricted Endovment Total Funds funds lunds 2025 Total Fund5 2024 In¢ome from.. 1nveslments 445.936 445,936 473.552 Totsl Income 445.936 445,936 473.552 Expondltvrtr on= Raising funds- Investment management fee$ Charitable activrties 6,625 528.445 58.747 65,372 528,445 65.573 501.919 Totsl exp8ndrture 535.070 58.747 593,817 567.492 Net gain$ on In¥e$trnenls 9.10 35.894 827.7t 863.600 802,150 N•t In¢om• ond n•¢ mowm•nt In lund• 153.2401 768.959 715,719 508.210 Totsl lund$ at $tsrt ol y••r 14 1.237.989 12.936,966 14.174,955 13,666.745 T4)tsl lund• •t•nd of y••r 14 1.184.749 13.705.925 14.890,674 14.174.955 The Chaity hos no iwnised gain$ w10sso$ c4h¢rthan $u#$ fry th¢ Or 0$ Sot out obwo. All of lh• actwit*s of lh• chanty ar• da¥¥•d 08 eontinuing. The notes on pages 12 to 19 form part of these financLql statements See nots 8 fixfund-accounting comparativo figur05 10
BRISTOL ECCLESIASTICAL CHARI BALANCE SHEET AS AT 31 DECEMBER 2025 202S 2024 Fixod assets Investment propety Listed and unlisted investments 1.351.1H 13.666.463 1.351.144 12.846,539 10 15.017.607 14.197.683 Current assets Debtor5 Ca$h * bank antl in hand 11 1.216 307.459 2.134 395,687 308.675 397,821 Llabllltl88 Cfedilors .' amounts falling due within one year Not Gurrent aB5•tS 12 1424.2081 1409.1491 1115.5331 Total a888t8 le88 current Ilabllitle8 14.902.074 14.186,355 Creditors .' amount% falling due after mort than ono >ar N•t a•••ts 13 111.4001 111.4rKJi 14.890.674 14.174,955 FUNDS Untr1ctsd fund8 EThdowment lund 15 1S 1.184.749 13.705.925 1.237.989 12.936,966 Total fund8 14.890.674 14.174,955 These fi'nancial Stslements *r8 approved byth•Trusle48 on 13 Juty 2026 and are $4ned on their hall by.. CJ Jowett-lve Chair CWER Buchan Twslee The n(tss on pages 12 to 19 lomi part ofthese flnanclal ststements
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 1 Accounting policies AGGounting Gonvention The financial 51aternenls have been prepared in accordan with the Statement of Recommended Practice Accounting and Reporting by Charities preparing theiraccounls in accordance wth the Finanual Reportiry Standard applicable in the UK and Republic of Irelan(I IFRS 1021 Issued in Oclober 2019 aTrJ the Finawal Reporting Standard applicabk In the Unrted Kingdom and RepU1C of Ireland IFRS 1021 and the Chanlies Act 2011 and UK GeneraltyAccepled Praclice as il applies frcrfn 1 January 2019. The finanGial 51aternenls ha¥e been prepar1 to ge a Irue al fairf and have departed frorn the Charitie5 (Accoun15 and Report51 Regulation5 2008 only lo the extent required lo provide a'lrue and fair vw,. This departure has involved following Accounting and Reporting by Chanlies." Statement ef Recommended practi applicab lo chanlies prepanng their accounts in accordance wlh the Financial Reporting Standard applicabk In the UK and Republic of Ireland IFRS 1021 Issued in October 2019 rather than the Accounting and Raporting by Charits. Statement ol Recommended PractK6 effective ficffl 1 April 2005 which has sinc8 been wrthdrawn. The charity 15 3 public t¢nefrt entty as defined under FRS102. TIh7Tle?s coTh5bJer Ihat there are no malerval uncertsinties affecting the ability of the charity lo continue as a going concern. Llnk•d Gh•rltl• stol Ecdesia5tical Charity was linked by the Chaiity Cornmi55iW Wth Ternp Ecde5vaslical Charityand St Thoma5 EGG$13st1¢al Charity. These flnanclal sialements are ppaffj on a c•mne0 ba$1$ and indvde Ihe result$ and f nan¢rJl posllon of 811 three charit8. Comparaiive figure$ have also been presenied on the mj combi basis. See noie 17 for more details. Income Income 18 recognised once the chaity has enlrflgment lo the incom¢. probabtsè that Ihe In¢oma will ba racewed and the amount of In¢ome re¢eivable can be measured reliabty. Investment in¢ome 1$ induded on o l¥ab basi$. The Intyt are sotBfi8d that Ihis B not malerkglty drfferenl from occounling Inv¢$trn¢nl Inm$ on an a¢¢rual$ ba$ig. Expendlture Expenditure Is fecegnised in Ih? p¢W in whKh rt 1$ in¢urr¢d. indudes attrthlablg VATwhich cannot be wcovere(l. Ralslng funds Cos15 01 r8isiry fun¢Js rel8¢010 Ihe incumd in reiwd of repairs and other ¢o¥ts iorth• irnvestmont propoty and the80 eharged by the Inveslmenl Managers. Charlt•ble aelmlles Grants awarded are alkcated to chaiitabl8 aclwitk?s. Grant5 awarded are Irealed as expenditure and a liabilty in Ihe accoun15 as 500n as they become legal or con51ructi¥e obli9ation5. In the case of mUttYear grant awards, the funding for all years is immedi8tety recognised unkss there are condition8 whKh need lo be mel by the recipient lo enable the release of subaequenl yews. fundir¥J. Governance costs Governance costs include those costs assocrated vth meeting the ConstituOnal and staithory requirements ofthe chanty and indude the audit fees and costs linked to the strategic management of the thanty. Goveman( cA)$ts are Included thIn support costs. Support costs Support Costs 8re al8¢ed lo I1 actwths towhKh they reL*. Investment propertie5 Investment propety Is proFety hetyJ lo 9?rale renlal i[08 and lor caF4al 8ppreaatiM. Investment property Is initialty recogntsed * £x)siand subwuemty measured ai its fair value at each reporhng date. The fair valuÈ 1$ detemiined by the trustees. %Mlh to Marf[eteVthn and. ¥ffie apprepriaie. extemal valuations. Gains or losses arisin9 from changes in fair value are recognised in the Stalemenl of Finanual ActNitEs in the period in which they arise. No depreryation 15 pfovKled on I5bent protty. 12
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 1 Accounting policies (conlinu6dJ Listed and unlisted investments Listed an(1 unlisted inve51rnenls are incled 31 market value 3131 Decemter. The Ststement of Finanaal ActNitS include5 the net gains and losses arising en revaluations and disposals during the year. Fund accountlny Unre$iricted fund$ ¢an be used in 00x)rdan th the ¢haritabk i"e(ts * the di$(xetion of the tru$tees. Permanent endowment funds are reStrd and cakNtsI in naluie and Ihe assets vmhin must be he pemianantly bythe Chafty. The Income from endowment lunds is recognised in unresiricd funds. Further explanation of the nature and puwe of eh fund 15 incl in notes to the finanaal stalemenls. 2 Incom• from.. Invtstm•nts Unyostrlcted funds Endowmant funds Totsl Fund8 2026 Dividends lnIer1 r8ceNed Renl from invesimtnt prowrt*s 343.053 5.877 97.OCkfj 343,053 5.877 97.006 445.926 445,936 Unrosirded fund$ Endowmont fund$ Total Fund$ 2024 Dividends Interest re¢¢Ned Rent from investment propertk 332.533 558 140.461 332,533 558 140.461 473.552 473,552 3 Expendlturo on: Charhable actlvlt Grant fundlng Support Costs (Note 51 Total Fund• 2025 (Note 41 Grant maklng adivrties 471.580 56,859 528.445 471.586 58,859 528,445 Grant funding of activities INote 41 Supporf Costs (Note 51 Total Funds 2024 Grant making ac¢ivi¢ 451.180 50,739 501,919 451.180 50,739 501.919 13
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 4 Analysis of grants JI gfanls awarded in the yearre to in8"lUtns. The tolal granls awarded to insthutions durir¥J the year aqual to or ov8r£5k in the prior- year and It (Ajrrentyearwas as folrp*s." 2026 2024 All Saints Fishponds B&A Church Beloveil 8nslol Diocesan Boa of Finan¢0 Concord Church Diocese of Bristol Ea$1 Bristol schoo Choir azelnul Farm Kingsway Benefice Severn Vineyard Sl Aidan's wrth Sl George Sl Andrew's Church, Hartclrffe Sl Barnabas Church St Luke'$ Church. 8art¢n Hill Sl Mary Reddiffe PCC Fixed payments Annual Grant Olher Sl Maws Shirehampton Sl stheD's Church, Soulhmead Sl John'$ $1 Andrew$ Avonmoulh Sl Cuthbert's Church 8rislinglon Trinity College Other grants below £5k made In the year Total grants commllrnerts made In th•y•ar 15.000 30.000 15.000 152.OOD 142,650 10,000 80,000 60.000 5.000 7.500 5.000 5.000 6.150 64.500 25.000 7.000 6,240 34,628 600 50,650 8.2 16,834 34,000 10.000 30,OCQ 20,OtsJ 6,600 600 50.400 2.500 4.500 13.800 1.000 1.500 9,730 471.586 451,180 R•¢on¢lll•¢ion olyrnn¢• p•y•W• 2025 2024 Commitments brought ferward Nei MmI¢Ments made in Iho ye•r Payments during the year 383,275 471,586 1481,7031 289.375 451.180 1357.2801 Commitments Cad lorward 393,158 383.275 Commltm•rts attho y•ar ond aro pjyablv a¥ followrt-. 2025 2024 Within one >ear After morn than one year IN(Ae 121 (Nole 131 381,758 11,400 371.875 11,400 393.158 383,275 14
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 S Support cost5 Support costs are althal8d lo charrtable acbvth.es in Ihe ar. as per not8 4 8TrJ are as follows.. Total 2025 Total 2024 Ckrk5' rernuneration Accountancy fees Website costs ank charges Leg81 and professonal fee5 In$uran¢e Telephone IT Costs Sundry costs Governance ¢o$ts 17,214 8.385 20.256 10.352 147 79 4.650 2.265 1.890 135 2.895 961 5,777 1.280 1.132 19,080 391 10.709 58.859 50,739 6 Net Incom• for th• y•ar Thi$ 1$ $taied after char9ing". 2025 2024 Audilof$ lee$ . l¢f audit Se¢$ . fN other semces 12.600 6,480 Independent Examirn, l¢e$ 10.709 No Tru$i¢e$ hav• b••n r•imburn•d for Ihèir ouiof poth•i travd •w•nM812024. Nill. No Tru814• réciv•d any r•muntrration during th year. 7 T•xatlon The charty is exempt from corpNatin tax on its chaiitable 8 Stotsment of Flnon¢lal Actl¥ltl8s £7pal0lO Unre8trlctod Endowment fvnds fvnds Total Funds 2024 For ¢he y•ar •nd•d 31 Dx•mb•r 2024 Im¢tsm• from.. Investments 473.532 473.582 Total Income 473.552 473,552 ExpÈnditurg on= Raising funds charitab athwite$ 6.347 501.919 59,226 65.573 501.919 Totsl •xppndiiur• 508.266 59.226 567,492 Nel gains on Investments 62,615 539,535 602.150 Nei income and movement in lunds 27.901 480.309 508.210 Total funds at 5tartof year 1.210.088 12.456,657 13.666.745 Total funds at end of year 1.237.989 12.936,966 14.174.955 15
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 9 Investment property In¥estr))ent property Valuatlon At 1 January 2025 and at 31 December 2025 1.351.144 Valuation 2025 Valuation 2024 Propety held.. Pénnér Wharf. Reddiffe Strew. Bri$tol 2 The Mall. Clifion Ground rent$ 800.000 550,000 1.144 800,000 550,000 1.144 1.351.144 1.351.144 2 Tho Mall Clffton was revalued in January2025 by Carter Jon8S. 8 RICS registered valuer. Penner Wharf. Reddiffe Street. Bri$tol wa$ revalwl in JU 2026 by Magy$ & A*n. a RICS fegi$tsd valuer. 10 Ll•thd arKI unlknt•d InvMtm•nts Llstod Unllstod Investments Investments Total 2025 Valuatlon Al 1 January 2025 Ar4uisilion$ al ¢wt Proceeds on disposal Nel gain on revaluation 12.329.0 2.389.148 12.393,6291 857.146 359,660 12.688.660 2.389.148 12.393.629> 863.600 6,154 At 31 00c•mr 2025 13.181.965 365,814 13.547.779 Cash or cash equfvalents 118.684 118,684 Total 13.300.64Y 365,814 13,866.463 Hislorlcal cost 11.602.140 355 5S5 11.961.695 11 Debtor• 2025 2024 In Iss$ than ono y¢ar. Prepayments and accrued income Other debtor 1,216 842 1,292 2,134 12 Cr8drtor8'. amounts falllng due thIn one year 2025 2024 Granty payab Inole 41 Accruals and deferred income 381,758 42,450 371,875 37.274 424.208 409,149 16
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 13 Cr8ditor5'. amounts falling due after one year 2025 2024 Grant5 payabk Inole 41 11.4 11.400 11.400 11.400 14 Movement In fund8 For tho year ond8d 31 D8Comb8r 2025 At1Jan 2025 GalTh8 and IloMes1 At 310ac 2025 In¢¢)m• Exptndllur• IRe5tatedl Endowment fund& Ternp Ecclesiastical Charty rislol Ecdesia51ic•l Charty Sl Thomas Ecthsiaslul Chanty 6.663.353 3.851.741 2.421.872 129,0141 117.5741 112.1591 420,731 271,027 135,948 7.055.070 4,105,194 2,545,661 12,936, 58.747 827,7( 13.705.925 Unr•$irl¢t•d Ternp Ecclesiastical Ch8rty nslol Ecdesiaslical Charty St Thoma8 Ecdosia8tK41 Chanty 689.321 373.369 175.299 208.700 134,613 102.617 1253.1271 1236.3431 145.6001 14,056 21,838 658,956 293,477 232,316 1.237.989 445.938 535.070 35.894 1.184.749 Total lund¥ 14,174,955 445.936 1593.8171 863,800 14.890.674 Endowment fund¥ The end(Avmgnl fund$ preSnt Ihose asset$ wthi¢h mysl b¢ hek1 pem)onenty ty ts Chorrty, princpalty InveStrn1$. Income orl$ing on the endowments Can be used in a¢¢or¢an¢e wrth the obJ"eth$ olthe Charity and 1$ induded 0$ n$tcted In¢ome. Any caprtal g8ln$ and lo$$ arising on the inve$iments iom part ollhe fvnd. Inve$tmeni management ¢h•rge$ ano kg81 advi¢& rel•iing 10 lh& funds 8re char9ed 894inst the lund$. For the y1 ended 31 D8cember 2024 At1Jan 2024 Galn8 and 110s¥es1 At 310ec 2024 In¢¢)m• Expondltur• IRoststedl IRostat8dl Endowment funds Temp Ecclesiastical Charty rislol Ecdesiaslical Charty St Thoma$ E¢<$ia$tKal Chatty 6.345.498 3.795.701 2.315.458 128,7301 117.3801 113,1161 346,$85 73,420 119,530 6.663.353 3.851.741 2.421.872 12 456,657 539 535 12936966 Unrestrided furds Ternp Ecclesiastical Charty Bnslol Ecdesia5tical Charity St Thomas Ecclesiastical Chanty 723.169 340.558 146.361 238.226 139.281 s.045 1288.3501 1152,8091 167,1071 16,276 46,339 689.321 373.369 175,299 1,210,088 473.552 508.266 1.237.989 Totsl lunds 13.666.745 473.552 1567.4921 602,150 14.174.955 17
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 14 Movement in fijnds lcontindI Funds r88tst8m0nt Comparative figures have been restated from those retM)rted in ts Indi¥U31 th3rrtV5 accoun15 In the previous year. lo correct the dassrficabon of certain fund balan5 belIn endryen1 and unTesknded funds. The restatement affects pre5enlalion has no impact on total funds. nel a55els. reported resuths. orcash kn k¥ewwsty reported. The impact of the reda5sificalion on the comparative balances a11 January 2024 Is surnmarised As previousty r¢port¢d At1Jan 2024 Resiated At1Jan 2024 Rtatement Endowm•rf funds Temp Ecclesiastical Charty nslol Ecdesiaslical Charty Sl Thoma5 Ecdeslastal Charty 6.343,914 3,866,909 2.242.682 1,584 171,2081 72,776 6.345,498 3.795.701 2.315.458 12.453.505 3.152 12 456.657 UnrestrlGt•d fur5 Tempk E¢¢lo$ia$iirAI Charty gnslol Ecdesiaslical Chafty Sl Thomas Ecd8siastKal Cha 724.753 269,350 219.137 11,5841 71,208 172,7761 723.169 340.558 146.361 1.213.24D 1 210088 Total lund• 13.666.745 13,fj66.745 15 Anal15 ol n•t a85•ts bth8•n ldI Endowm•rtt Unr•sirf¢t•d fund8 fuThd8 Totsl 2025 Ao at 31 December 2026 Investment property Listed and unli51ed inve$imttnis Cash and other Curn1 a$sei$ Creditors.. amounts falling due wthin one year Creditors.. amounts falling due after more Ihan one year 1.351.144 12.354.781 1.351.144 13.666.463 308.675 1424.2081 1.311,882 308,675 1424,2081 111,4001 13.705.925 1.184749 14,890.674 Endowment Funds Unrestricted Funds Total 2024 AS at 31 December 2024 Inve8lment property Listed and unli51ed inve51rnenls Cash and other curreni assets Creditors.. amounts falling due wthin ene yeai Creditors.. arnounls falling due after more Ihan one year 1.351,144 11.585.822 1.351.144 12.846.539 397.821 1409.1491 111,4001 1.260,717 397,821 1409,1491 111,4001 12.936.966 1237 989 14.174.955 18
BRISTOL ECCLESIASTICAL CHARI NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 16 Related party tran5action5 Bristol Cathed Bristol Cathedral provides adminislrali¥8 support lo Bristol Ecdesiastrcal Charity. B. Silvey is a m8mb8r of the Key Management Personn?1 of Bristol Cathedral and also serves as a tntstee ol the Brisiol EcAesiaslical Chanty. During the year. Bristol Cathedral provk1ed adminislralive servKes totalling £8.48012024.. £Nill to the charty. Except fortha above, there are no IransaclKJns with Irusle88 or othar ieLqled parti8s olherthan those discb88d as required by the Charitses SORP elsewhere in Ihe finanual statements. 17 Llnk•d charMIo$ On 29 Augu$t 2025, Ihtr Charity Commission tssve¢J a linking dire¢i%yi under the provi$ion$ of the Charitie$ AGI. Thi$ dIGI1¥ tske$ effecl for the whole of the finanual year in whith it is rnade. As a te5utt, Bristol Ecdesiaslical Charty becaffle linked %ilh Temp Ecdesia51ical Charty (Charty registrat number 105885341 and Sl Thomas Ecdesiaslical Charity (Charity regi51ration number 1058853-161. The linked Charrt are adminL8lered togÈther and are treated as a singlÈ Chanty lor reponit)g pvrpo$8s bythe Charity ¢ommi$$ion. However. each ¢harty retain$ 11$ $epaTate legal Idenity. go¥ernin9 tlo¢umeni, and re$tnaed fvntl$, and its a$$ei$ are applied in accordan its ¢)wn chariiabkn puipose$ and Ihese are sel a$ foll T•fflple EGGl•ila•tl¢al Ch•rlty The Charity CmISsIon Scheme pro¥h4esth81. subjed lo Ihe payThent olexpen88s ol management. and to fixed yearty paymanls lotalling £60010 Ihe Parish of Sl Mary Reddrfle. •) the in¢ome of the Charity is to bB appld in furtheM9 Ihe relKJious and (Ah•r tharitabl• wot ofth• Chur¢h of England in tho arei of the former ecd8si8Stical parish of Temple or Hoty Cross, and bl if and in so far as Income Is not required lorthe above purposes. the truslees may. In consullalion wrth the Bishop ef 8ristol, apply il in furthering the religious and olher chaiitable elthe Church ol England In the a9 of Ihe Archdeaconry of Bnslol as il was on 20 January 1992 Ilhe Area of Èenefitl. A IBI of lh¢ portyhgs in the A8 of a¢f 1$ ovailabb the 10 the tw$t¢¢$. St Thoma5 Eccleslastlcal Charlty The Charity carr$ out its objects by provM1ing grant8tO 8UFPOrt the Church ol EnglaTrJ in the City of 8ri8101 in enhancing the scope and rekvanee of Ils ministry in the Ctty. 19