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 De￿mber 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 p￿parIng 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 ACmv￿1Es
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
Un￿tr1ctsd 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 RepU￿1C 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 prepar￿1 to g￿e 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 Charit￿s. 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. TIh7T￿le?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 p￿paffj￿ on a c•m￿ne0 ba$1$ and indvde Ihe result$ and f nan¢rJl posllon of 811 three charit￿8.
Comparaiive figure$ have also been presenied on the ￿m*j 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 In￿m$ 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 mUtt￿Year 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 v*th meeting the Constitu￿Onal and staithory requirements ofthe chanty and indude the
audit fees and costs linked to the strategic management of the thanty. Goveman(* cA)$ts are Included ￿thIn support costs.
Support costs
Support Costs 8re al￿￿8¢ed lo I1￿ actwths towhKh they reL*.
Investment propertie5
Investment propety Is proFety hetyJ lo 9?￿rale renlal i[￿0￿8 and lor caF4al 8ppreaatiM.
Investment property Is initialty recogntsed * £x)siand subwuemty measured ai its fair value at each reporhng date. The fair valuÈ 1$
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 I￿￿5b￿ent pro￿tty.
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 incl￿ed 31 market value 3131 Decemter. The Ststement of Finanaal ActNit￿S 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 reStr￿d and cakNtsI in naluie and Ihe assets vmhin must be he￿ pemianantly bythe Chafty. The
Income from endowment lunds is recognised in unresiric*d funds.
Further explanation of the nature and puwe of e￿h fund 15 incl￿￿ in notes to the finanaal stalemenls.
2 Incom• from.. Invtstm•nts
Unyostrlcted
funds
Endowmant
funds
Totsl Fund8
2026
Dividends
lnIer￿1 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 year**re to in8*"lUt￿ns. 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 st￿heD'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 Ca￿￿d 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 Exami￿rn, 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• réc*iv•d any r•muntrration during th
year.
7 T•xatlon
The charty is exempt from corpNat*in tax on its chaiitable
8 Stotsment of Flnon¢lal Actl¥ltl8s £￿7pa￿l￿*￿0￿lO*
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$ts￿d valuer.
10 Ll•thd arKI unlknt•d InvMtm•nts
Llstod
Unllstod
Investments Investments
Total
2025
Valuatlon
Al 1 January 2025
Ar4uisilion$ 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•m￿r 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•$irl¢t•d
Ternp￿ Ecclesiastical Ch8rty
nslol Ecdesiaslical Charty
St Thoma8 Ecdosia8tK41 Chanty
689.321
373.369
175.299
208.700
134,613
102.617
1253.1271
1236.3431
145.6001
14,056
21,838
658,956
293,477
232,316
1.237.989
445.938
535.070
35.894
1.184.749
Total lund¥
14,174,955
445.936
1593.8171
863,800
14.890.674
Endowment fund¥
The end(Avmgnl fund$ ￿preS￿nt Ihose asset$ wthi¢h mysl b¢ hek1 pem)onenty ty ts Chorrty, princpalty InveStr￿n1$. Income orl$ing on
the endowments Can be used in a¢¢or¢an¢e wrth the obJ"eth$ olthe Charity and 1$ induded 0$ ￿n￿$t￿cted In¢ome. Any caprtal g8ln$ 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$.
For the y￿1 ended 31 D8cember 2024
At1Jan
2024
Galn8 and
110s¥es1
At 310ec
2024
In¢¢)m•
Expondltur•
IRoststedl
IRostat8dl
Endowment funds
Temp￿ Ecclesiastical Charty
rislol Ecdesiaslical Charty
St Thoma$ 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 fur*ds
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 lcontin￿dI
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 balan￿5 belI￿n endry￿en1 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
R￿tatement
Endowm•rf funds
Temp￿ Ecclesiastical Charty
nslol Ecdesiaslical Charty
Sl Thoma5 Ecdeslast￿al 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 fur￿5
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 Anal￿15 ol n•t a85•ts bth8•n l￿dI
Endowm•rtt Unr•sirf¢t•d
fund8
fuThd8
Totsl
2025
Ao at 31 December 2026
Investment property
Listed and unli51ed inve$imttnis
Cash and other Cur￿n1 a$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$ dI￿GI1¥￿ 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 C￿mISsIon 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 appl￿d 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 a￿9 of Ihe Archdeaconry of Bnslol as il was on 20
January 1992 Ilhe Area of Èenefitl. A IBI of lh¢ portyhgs in the A￿8 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