Charity numb¢r 1098982
CARLISLE DIOCESE RETIRED CLERGY and DEPENDANTS Fuf4D
TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 3151 DECEMBER 2022
Th¢ Trustee presents the combined Trustee's report, together with the financial slat¢ments,
for the year ended 31. December 2022.
Reference and Admlnlstratlve Delails of the C4rllsle Dlocese Retired Clergy And
DependAnts Fund
The Carlisle Dioc¢se R¢tir¢d Cl¢rgy and Dependants Fund is r¢gistered witl) the Charity
Commission numb¢r 1098982. It5 principal office is at Church House, 19-24 Friargate,
Peiirith CA I17XR. The trustee throughout the year and at the date of approving this report
was Il)e Carlisle Diocesan Board of Finance Limited, a regist¢r¢d charity number 251977. A
full list of the directors and trustees of th¢ Carlisle Diocesan Board of Finance Ltd is given in
its annual r¢port and finan¢ial statements filed with the Charity Commission and Companies
House.
Structure, Governall¢e and Management
The Carlisl¢ Diocese Retired Clergy and Dep¢ndants Fund is govemed by its declaration of
trust dated I. May 2003. The truste¢ is constituted as a charitable ¢ompany limited by
membership guarante¢s. Th¢ sole trustee is determined by the trus¢ deed. Full details.
including th¢ results of ihe Retired Clergy and Dependants Fund. are included in the audit¢d
financial ststements of the trust¢¢.
Objec¢ives and A¢¢iviti¢s
Th¢ trust¢¢ has considered the Charity Commission's guidance on public b¢nefit and, in
particular, the specific guidance for charities on th¢ preveiition or relief of poverty. The
Retired Clergy and Dependants Fund provides for the relief of pov¢ty by assisting retired
lergy> licensed lay workers or deserted spouses of clergy who reside or served in the Dioo¢s¢
of Carlisl¢ and their dependants by the provision of grants and loans,
Achievements Perfornianee
During th¢ year grants totalling £30,544 w¢r¢ paid to assist 15 r¢tir¢d clergy or their
dependants. In addition, 305 retired clergy or their dependants were provided with a grant of
£100 each at Christmas. The total value of grants paid was £75.734 and was fvnd¢d from
investment in¢ome of £35,809, a contribution from the G & A B¢nnett Trust of £23,293, and
reserves.
Financial Review
At the 31 St D¢cember 2022 the balance on the capital fund of th¢ Retired Clergy and
Dependants Fund was £1,322,958, a d¢¢r¢ase of £154,985 - as a result of decr¢as¢s in the
valuation of investments. The accumulated deficit of income less costs was £7.862- funds
will be rebuilt to cover the payment of Any grants &pprov¢d in the following y¢ar.
Derek Hurton
On behalf of Carlisle Diocesan Board of Finance
19, O¢tob¢r 2023

Carlish DBF
ReTIRED CLeRI)Y AND DEPENDANTS FUND
Charity Re9. 1088982
31 December 2022
2022
lJan
31 D8C
2021
1Jan- 31£1*
evenue
un
Incomg
Gain Ifom House Sale
LeyaeAÈs
0.00
2,ONJ.00
Contributs'on Irom G & A Bennett Trust
C18rgy Christmas Grants
23.293.00
13.965
Inveslment incivno
Oiv¢dend$ on CBF PropEty Fund shares
Dividends on CBF Inv Fund shares
Deposit Fund Inlerest
Oth6T Incom8
2,690
32,681
439
2.636
31.278
45
35.809
3J,gS7
Totsl In¢orno
59,102
49,922
L•88 Grants Pald
Clergy Christmas grants Inot of wriie*a¢ksl
Other grants Iper sehedulel
Retired Clergy Assoc Meetings
Expenses
45.190
30,544
26,945
13.8TS
2,876
670
78.610
41,391
Net In¢om8llExpendltur•l
19.508
£8,531
Ba18n¢e broutrht lo￿ard 1.1.22
11,646
3.115
Income 8alan¢e Carii8d Forward 31.12.22
7.862
£11646
RePr989n¢￿ by:
CBF Deposrt Fund
CBF Investrnenl Fund
Cash at Bank l Owed from Itol DBF
{ 17,0871
22,776
113.5701
35.124
22.776
146.2541
7.862
£11,646
un
Balance brought fO￿ard 1.1.22
1.477.942
1.316,078
C8prfal grant reCe￿ed
Lega¢ie5
Transfer from Mcome
Transfers from old fund$
PiofiVILos61 on Sale of Hou$88
In¢ffjase in investment values
1154,9841
161,884
Capltal Balane8 Carrted Fomafd 31.12.22
1,322,958
,477,942
Repr88entrd by:
Clergy Houses
CBF Proporty Fund {41,317.26 Shares)
CBF Investment Fund152,628.11 Sharesl
CBF D8posII Fund
Cash at Bank l Owed from (tol DBF
145,296
53,927
1.109.814
36.921
123.000)
145,296
61,096
1,209,629
36,921
25,000
£1,322,958
£1
77,942
Retired Clergy Accounts- Jall to D9¢ 2022Accs
RJ 1W1212023.16..56