The Chester Clergy Family Charitable Trust The Rt Revd Dr MarkTanner. Bishop of Chester The Rt Revd Julie Conalty. Bishop of Birkenhead The Rt Revd Sam Corley, Bishop of Stockport Canon Drjohn Mason Mrs Sandyverity Ms Juli8 With8rs Revd Simon Drew R8vd Georgina Watmore Mrs Ruth Williams Mrs Sarah Holmes The Trust was launched in 2000. The objects of the Trust are: 1. The relief of need, hardship and distress amongthe farnilies of clergy and of IIc8ns8d lay workers ofthe Church of England for the time being serving in the Diocese of Chester. 2. The promotion of the education of the families of clergy and of licensed layworkers of the Church of Eng￿nd forthe time being serving in the Diocese of Chester, and who are in financial need. 3. The promotion of family lif8 and recr88tion of the c19rgy and of licensed layworkers of the Church of England forthe time being serving in the Diocese of Chester and thelr families, 8nd who 8re in financial need. In the year to 30 September 2024, the Trust received donations tot8Lling £24,250.10, With investment income, including the closure of 8 bond. and tax repayments, the tot81 income of the charityfor the yearwas £35,239.39. There was a revalu8tion increase on the value o* the marketable investments of £19.161.38. The amount given in grants from theTrust was £26,000. 13 grants were madefollowing appLications (average £2,000 per grant). Applications requested financial assistance forthe following areas; Educational costs including supporting clergy families in paying for uniforms, extracurricular activities, educational items, additionaltutoring and traveLcosts for students. Recreational activities (various) Assistance with purchase of newvehicle General dayto day living costs with the continued cost of living crisi5 Relief for clergy famtlies relating to illness. The Trustees met once duringtheyear on Monday 20th May 2024 at Bishop's House (some Trusteesjoined byvideo link). The 2023 accounts were approved by the Trustees by ernail between 14- 23 February 2024. In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's public benefit guidance. Trustees are exploring collaboration with David Briggs CVO MBE Kstj. Former Lord Lieutenant of Cheshire. It is hoped that Mr Briggs may be involved, in an advisory and advocating capacity, or as Chair. This would be to further the Trust's objectives, to enabLe more families to receive grants. On behalf of the Trustees. The Rt Revd Dr MarkTanner Independent examinerfs report to the trustees of Chester Clergy Family Charitable Trust I report to the trustees on my examination of the accounts of the Chester Clergy Family Charitable Trust (the Trust) forthe year ended 30 September 2024. Respon51bilities 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 20111.the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direttions given by the Charity Commission under section 14515}Ib} ofthe Act. Independent examinerfs statement 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.. accountin8 records were not kept in respect of the Trust as required by section 130 of the Act,. or 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 matter5 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 ￿ached. Name.. Canon Dr Alan Martin Smith Address- 22 Green Hill Road. Kelsall. Tarporley, Cheshire CW6 OSN Date: 4 February 2025 THE CHESTER CLERGY FAMILY CHAR ￿ABLE TRusr TRIAL BALANCE SEPTEMBER 2024 AT01110123 BANK DR ACCOUNTS CR JOURNAL JOURNAL INCOME OR CR Balance Sheet 3010912024 37,822.20 87.029.83 128,098.44 81,184.03 26.396.20 5.50 LLOYOS TSB CBF DEPOSIT AIC 777338001D now CB3040793 COIF UNIT5- 979070001T now C03076649 SCHROOER UNIT5- (Equity) CBF PROPERTY FUND CBF/777338001P now CB3010794 CASH IN HAND - Petty Cash 81,748.50 33.864.14 116.952.24 72.518.14 27.046.91 s.so 32,073.70 53,165.69 76,000.00 11,146.19 8,665.89 -650.71 TRANSFERS INTEREST DIVIDENDS- COIF Units and 5chroder Units (Equity) DIVIDENDS - C8F Property Fund ThUSTS PARISH GIVING - Donations from Parishes PARISH COLLECTIONS- collections for the collection plate from induction or special service ORDINATION SERVICES. collection5 from the service 1.747.51 6,781.85 1.418.18 15,000.00 2.974.05 3,796.61 1,085.50 1.747.51 8,200.03 15.000.00 2.974.05 3,796.51 1,085.50 INDIVIDUALS TAX RETURN - money from yellow envelopes NO TAX AETURN FROM CHARITY FUNO 810 FOR TAX RETURN - mney from monthly indlvidual donètions BIO NO TAX AETLIRN INCOME TAX REFUND- Gift aid from the yellow envelopes REVALUATION INCREASE REVALUATION DECREASE AOMIN COSTS ADMIN COSTS- Petty Cash GRANTS TO FAMILIES 873.94 0.00 0.00 510.(W) 10.00 1.041.75 1,393 94 1,041.75 19,812.09 -650 71 19.812.09 .650.71 0.00 0.00 0.00 0.00 .26,000.00 26,000.00 111.239.39 111.239.39 19,161.38 19.161.38 332.135.43 28,400.77 360,536.20 THE CHESTER CLERGY FAMILY CHARrrABLE TRUST- Balance Sheet Charity Number 1079645 BALANCE SHEET 30th SEPTEMBER 2024 3010912024 3010912023 VALUE OF FUND As at 1st Ottober 2023 Net Income/Out80ings for the year 332.135.43 28,400.77 360,536.20 296,245.25 35,890.17 332,135.43 ASSETS Marketable Investment5 at Current Value 235,678.66 216,517.29 CASH BALANCES CBF Deposit Account Lloyds Bank Cash in Hand 87,029.83 37,822.20 s.so 33,864.14 81.748.50 S.SO 115,618.14 332,135.43 124,857.53 360,536.19 Approved by the Trustees on ifrl'.I IC by:_ eJ INCOME ACCOUNT YEAR ENDED 30TH SEPTEMBER 2024 3010912024 3010912023 Grants and Donations Trusts Parishes Individuals Ordination Services Collection 15,000.00 6.770.66 1.393.94 1,085.50 24,250.10 1,041.75 8.200.03 1.747.51 35,239.39 0.00 35,239.39 26.000.00 9.239.39 19,161.38 28.41x1.77 332,135.43 360,S36.20 15,000.00 6.609.27 3,823.85 0.00 25,433.12 714.08 38,178.85 1,239.35 65.565.40 0.00 65.565.40 6,300.00 59.265.40 -23,375.23 35,890.17 296,245.25 332,135.43 Tax Repayments Income from Investments Interest on Dep05it5 Les5 Administrative Expense5 Less Grants to Clergy Families Excess of Income over Outgoings for the Year Add/Less Unrealised Gain (Loss) on Marketable Investments Net Income/Outgoings for the Year Value of Funds Brought Fonvard Value of Fund at 30th September 2024 13 grants were made to clergyfamllles 13 families were recipients Grants ranged from £1500 to £2500 2 grants totalling £4000 were issued in the year 2022 - 2023. They were not cashed until the year Z023 - 2024 THE CHESTER CLERGY FAMILY CHARITABLE TRUST INVESTMENTS ANO INCOME THEREFROM YEAR ENDED 30TH SEPTEMBER 2024 Cost Marketvalue Income Date Income Amount SUTL Cazenove Charity Bond Fund A Income/Z Income 60.452.84 unit5 This Bond was closed and redeemed In May 2023 3011112022 2810212023 3110512023 0610612023 0.00 0.00 0.00 0.00 CBF Property Fund 21,618.51 units 31X)00 26.396.20 3011112023 2910212024 3110512024 3010812024 339.41 345.90 382.65 350.22 COIF Charities Investment Fund 6,319.42 units 70000 128,098.44 30/1112023 2910212024 3110512025 3010812024 866.39 867.66 867.66 867.66 SUTL Ca2enove Charity Equity Value Fund A Income/Z income 16, 197.93 units 401)00 81.184.03 3011112023 2910212024 3110512024 30108/2024 809.90 866.59 777.50 858.49 TOTALS 140000 23S678.66 8200.03 CHESTER CLERGY FAMILY CHARrfA8LE TRUST WORKINGS 30TH SEPTEMBER 2024 l. Bank Recon¢iliation Opening Balance Receipts for the Year Total of Cash Book Less Opening Balance included 81748.50 32,073.70 113822.20 81748.50 32073.70 113822.20 76000.00 Payments for the year C105ing Balance 37822.20 8ank Statement 37822.20 2. Investment Valuatlon Revaluation Increase Name COIF Charities SUTL Cazenove Investm nt Fund Charit E ui Value Fund A Income Z Income CBF Pro Fund TOTAL 11146.19 + 8,665.89 + 19,812.09 Number held 6319.42 16197.93 21618.51 Revaluation Decrease At30Se tember 2024 Middle Prite p Value Old Value Change in Value 2,027.06 128,098.44 116.952.24 11,146.19 501.20 81,184.03 72,518.13 8,665.89 122.10 26,396.20 27.046.91 -650.71 -650.71 + 50.71 Revaluation Increase Total Revaluation Increase 19,812.09 450.71 19,161.38 ANALYSIS OF GRANTS 202312024 No of Grants Total Amount (£) Hardship Education Family Life Holidays 14000 71)00 3500 1500 Therefore 13 cheques sent totalling £26000 Note.. 2 Grants totally £4,000 were made in August and September 2023 but the cheques were not cashed before 30 September 2023 so these Grants are included in the 202312024 Account5.