Charity number 1098982
CARLISLE DIOCESE RETIRED CLERGY and DEPENDANTS FUND
TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 31° DECEMBER 2024
The Trustee presents the combined Trustee's report, together with the financial statements.
for the year ended 311l December 2024.
Reference and Admlnlstratlve Detalls of th¢ Carllsle Diocese Retired Clergy and
Dependants Fwid
The Carlisle Diocese Retired Clergy and Dependants Fwid is r¢gist¢red with the Charity
Commission nuTnber 1098982. Its prin¢ipal office is at Church House, 19-24 Friargate,
Penrith CAI17XIi The tn￿tee throughout the year and at the date of approving this report
was th¢ Carlisle Dio¢esan Board of Finance Limited. a registered charity number 251977. A
11 list of the dire¢tOT8 and trnst¢¢s of the Carlisle Diocesall Board of Finance Ltd is given in
its annual report and financial statements f11ed with the Charity Comvnission and Companies
House.
Strutture, Governance and Management
The Carlisle Diocesc Retired Clergy and DepeLidants Fund is govcrned by its declarntion of
tn￿t dated 1° May 2003. The trustee is constituted as a chan"table company limited by
membership guarantees. The sole tn￿tee is deterniined by the trust deed. Full details,
including the results of the Retired Clergy alld Dependants Fund, are in¢hLdcd in the audited
finall¢ial sta*ments of the ttustee.
Objecllves and Aetivities
The trustee has Consid￿ed the Clwity Commission's guidan¢¢ on public benefit and. in
particular. the specific guidance for charities on the prevention OT rclicf of poverty. The
Rctircd Clergy and Dependants Fund provides for the relief of poverty by assisting retired
clergy, licensed lay workers OT deserted spouses of clergy who reside or served in the Diocese
of Carlisle and their dependants by the provision of grants and loans.
Achlewements attd Perfornianee
During the year grants totalling £30,569 were paid to assist I I retired ¢l¢rgy or their
dependants. In addition, 398 retired clcrgy or thcir dependants were provided with a grant of
£75 each at Christmis. The total value of grants paid was £60,484 and was fi]nd¢d from
investment income of £38,160. a Contribution from the G & A Bem)¢tt Trust of £15,454, and
res¢rv¢s.
Financial Review
At the 315t December 2024, the balancc on thc capitsl fimd of thc Retir¢d Cl¢rgy and
Dependants Fund was £1,455.206, an incr¢as¢ of £28.999 - as a result of increases in the
valuation of investments. The accumulated surplus of income less costs was reduced to £361.
D¢r¢k Hurton
On behalf of Carlisle Dioces￿ Board of Finattce
17th October 2025

Carllsle DBF
R￿lRE0 CLERGY AND DEPENDANTS FUND
31 December 2024
2023
1Jan- 31D
1Jan
31 Dec
Ineome
Gain Irorn House Sale
Corr8¢tw re proceeds In Mayfteld Avenue
337
Contribution from G & A Bennett Trust
Chri51mas Grants
15.464
12.503
Investment incorne
Dividends (n CBF Propeity Fund shares
Diwdends on CBF Inv Fund shares
Deposit Fund Interest
2.731
34,397
3.763
2,690
33,870
1,7S2
40,892
38￿12
Total Incom•
56.346
59.152
Loss Grnrtts Pald
Clergy Christmas grants
Other grants (per sithdulel
n8e8
29,915
30,569
1,524
19,392
23,806
2.070
62.008
N•t In¢omWIExpondllurel
5,6621
£13.885
Balance brought forward l Jan 2024
6.023
17.8621
Income Balance Carrfod Forward 31 Dec 2024
8.023
Repre5ent8d by:
CBF Depowt Fund
CBF Inv•sim8nt Fund
Cash at Bank I Cfvled fr(m Itol DBF
27.138
22,T16
149.5531
21.248
22,776
137.9981
£6,023
Balance brought lonMard 1 Jan 2024
1A26.207
1.322.958
. C8pilal grant re￿IVed
Legarie8
Tryan5fer fiorn income
Trdnsfèrg from old funds
Profi'VILossl on Sale of Houses
In(xease in investment values
28,999
103,249
Capltal Balanet Carrfed Forward 31 De¢ 21ll4
455.206
£1426 207
Repre8ented by:
Clergy Houses
CBF Property Fund141.317.26 Shores)
CBF Investrnent Fund152,626.71 Sh3re81
CBF Dgposit Fund
Cash at Bank I lknd from Itol DBF
145,296
50.899
1,200,090
36.921
22,000
145,296
50.618
1.216,372
36.921
£1455.206
£1,426 207
Retired Cltsrgy knounts- Dec 2￿24.x19x,AC(￿
112
RJ 1210812025,14..28