REGISTERED CHARITY NUMBER: 1124343
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30th June 2025
for
The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
The Jerusalem Bishopric Fund
A charity administered by the Jerusalem and the East Mission Trust Limited
Contents of the Financial Statements
for the Year Ended 30th June 2025
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Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 16
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The Jerusalem Bishopric Fund Acharity administered by the Jerusalem
and the East Mission Trust Limited
Report of the Trustees
for the Year Ended 30th June 2025
The trustees present their report with the financial statements of the Charity for the year ended 30th June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective ist January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities for the public benefit
The Charity's objectives fall within the overall purpose of the advancement of the Christian religion through the Episcopal/Anglican churches in the Middle East and North Africa and their associated religious and charitable work.
The original specific object of the Charity was to provide an episcopal endowment of the Jerusalem Bishopric. The area of benefit was subsequently extended to include the rest of the Province of Jerusalem and the Middle East. Following the creation of the Province of Alexandria, the area of benefit now also covers this province.
On 1st July 2015 the Charity acquired the endowment funds which were previously administered by The Jerusalem and the Middle East Church Association, being the Reverend Stephen Campbell Charity and The Mission Trust Limited's Charitable Gift. The value of these funds as at 1st July 2015 was £45,234 and £359,193 respectively represented by investments in the CBF Church of England Funds.
The objective of the Reverend Stephen Campbell Charity is to form an educational trust for Israel and Jordan and grants are made to educational establishments in consultation with the Archbishop in Jerusalem.
The income of the Mission Trust Limited's Charitable Gift is to be used for religious and charitable purposes throughout the Province of Jerusalem and the Middle East and the Province of Alexandria
During the year ended 30th June 2023, the charity acquired the assets of the Egypt Bishopric Fund a charity previously administered by the Overseas Bishoprics' Fund (charity number 245334). The income of the fund is to be used to provide income for the benefit of the bishop or bishops exercising episcopal jurisdiction within the Province of Alexandria or any part thereof.
Public Benefit
The above objects are currently achieved by the making of grants towards the episcopal stipends and expenses of the Anglican Archbishop in Jerusalem and the Bishop of Cyprus and the Gulf and the bishops of the Province of Alexandria to assist them in carrying out their duties and grants to other educational and religious establishments within the Province of Jerusalem and the Middle East and the Province of Alexandria.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objective of the Charity in planning future activities and in setting the grant making policy for the year. In particular the trustees consider how planned activities will contribute to the aims and objectives that have been set.
Objectives for the year
The Charity's aim was to maintain or increase the level of regular grant.
This was achieved in the case of the grant paid to the Diocese of Jerusalem, from the Jerusalem Bishopric Fund which was maintained at £13,500.
Other grants made in the year were as set out in the following paragraphs.
Page 1
The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Report of the Trustees
for the Year Ended 30th June 2025
ACHIEVEMENTS AND PERFORMANCE
Activities Activities In the year ended 30th June 2024, the trustees changed their policy regarding the timing of the calculation and payment of grants compared to previous years. Prior to this, grants were calculated based on the net investment income receivable up to 31st March in a financial year together with an estimate of the income expected to 30th June. For the year ended 30th June 2024 and subsequent years, grants are based on the actual net investment income receivable to 30th June and agreed by the trustees at a trustees' meeting following the end of the accounting year. Under this policy, as no grants were approved by the trustees during the year ended 30th June 2024 no grants were included in the accounts for that year, other than the regular quarterly grant towards episcopal stipends in the Diocese of Jerusalem amounting to £13,500.
Following this change in policy, in 2025 a grant of £1,500 was paid to the Diocese of Jerusalem from the Reverend Stephen Campbell Charity (2023 - £1,500), £4,000 was paid to each of the Dioceses of Jerusalem and Cyprus and the Gulf within the Province of Jerusalem and the Middle East and the Province of Alexandria from the endowment fund of the Mission Trust Limited's Charitable Gift (2023 £3,933 to each organisation). These grants were based on the investment income received in the year ended 30th June 2024.
The Charity maintained the level of quarterly grant paid to the Diocese of Jerusalem in respect of episcopal stipends at £13,500. A grant of £7,000 was paid to the Diocese of Cyprus and the Gulf during the year for the support of the bishop of the diocese.
A grant of £9,000 was made from the Egypt Bishopric Fund to support the bishops in the Province of Alexandria.
FINANCIAL REVIEW
Investment Investment Powers The trustees' power is governed by the Trustee Act 2000. This confers a general power of investment and requires the trustees to invest in a diversified range of suitable instruments.
Investment Objectives
The investment objectives are : a) to generate a sustainable income stream year on year which maintains its current purchasing power. b) to at least maintain the capital value of the investments over the long-term.
Risk Tolerance
The trustees place a high priority on maintaining the real value both of the investments and the income returns over the long-term while recognizing that at times achieving this will mean accepting short or medium term declines in capital value and/or income available for distribution.
Ethical and Socially Responsible Investment
The trustees have reviewed their investment policy with regard to the Charity Commission's guidance on ethical and responsible investment. The trustees recognize and approve the CBF funds manager's policy of investing only in investments that conform to the Church of England's ‘Ethical Investment Advisory Group’ (EIAG) guidelines, with particular sensitivity relating to investments in the occupied Palestinian territories.
Performance
Investment income, including deposit account interest, has increased by 2.6% compared to last year. The value of the investments has decreased by 4.4% over the year.
Page 2
The Jerusalem Bishopric Fund A charity administered by the Jerusalem
and the East Mission Trust Limited
Report of the Trustees
for the Year Ended 30th June 2025
FINANCIAL REVIEW
Financial review
The transactions for the period and the Charity's financial position at the end of the year are shown in the attached financial statements.
Grants of £ 43,000 were made in the year (2024 - £13,500).
In the opinion of the trustees, the finances of the Charity are adequate to enable it, with prudent management, to continue to carry out its charitable objectives.
Reserves
The trustees take the view that the aim should be to fulfil the Charity's objects over a long-term future. The experience of the trustees is that the archbishops and synods of the Episcopal Church of Jerusalem and the Middle East and the Episcopal/Anglican Province of Alexandria expect both to receive a regular annual grant at a sustained level and from time to time to call upon the Charity for additional and urgent funding, and it is the policy of the trustees, within the terms of the Charity, to maintain reserves at an adequate level to support these two needs. While keeping the level of resources under constant review, the trustees consider the current level to be prudent for this purpose.
The trustees consider, on the basis of current information available to them, that these funds are adequate to meet their known future commitments.
FUTURE PLANS
The Charity aims to maintain or increase the level of grant support for the two Provinces both for stipends and for other purposes.
Following the transition of the Diocese of Egypt with North Africa and the Horn of Africa into the autonomous Province of Alexandria which was formally inaugurated on 21st May 2020, the charity expects to continue to support the new Province as it has the Diocese in the past.
Page 3
The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Report of the Trustees
for the Year Ended 30th June 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was established under a trust deed dated 15th November 1841 and was administered as a subsidiary charity of The Central Board of Finance of the Church of England (Charity Number 248711). By a scheme of the Charity Commission dated 24th July 2006, The Jerusalem and the East Mission Trust Limited was appointed as trustee. The assets of the Charity were transferred into the custodianship of The Jerusalem and the East Mission Trust Limited on 22nd May 2007. A new charity was registered on Sth June 2008 (Charity Number 1124343) for the purpose of administering the assets of the Charity.
On Ast July 2015 the Charity acquired the endowment funds which were previously administered by The Jerusalem and the Middle East Church Association (JMECA), being the Reverend Stephen Campbell Charity and The Mission Trust Limited's Charitable Gift.
The Reverend Stephen Campbell Charity was amalgamated with the Moore-Steele Fund in 1999 as a fund of JMECA. The Campbell Fund, however, was required to be separately identified by the Charity Commissioners as a permanent endowment.
The Mission Trust Limited's Charitable Gift was established by a scheme of 1987 by the Charity Commission and the capital is to be retained as a permanent endowment. The income is to used for religious and charitable purposes as the trustees think fit.
On the transfer of the assets of JMECA to an incorporated charity of the same name, the assets of the endowment funds were transferred to the Jerusalem Bishopric Fund.
On 20th July 2021, the Charity acquired the assets of the Egypt Bishopric Fund, which were previously administered by the Overseas Bishoprics Fund. The income of this fund is to be used to provide income for the benefit of the bishop or bishops exercising episcopal jurisdiction over the Diocese of Egypt or any part thereof.
Governing body and related charities
The Charity's custodian trustee in perpetuity is The Jerusalem and the East Mission Trust Limited. The company's board of directors, who serve in an honorary capacity, as at 30th June 2025 comprised:
Rev Canon D J H Longe (Chair} Rt Rev A J Ball
JM Clark
D A Wright Dr C Amos Rev C M Dawkins Rev CH Laing Rev AJ Kirk
DrJ Roberts
The directors of The Jerusalem and the East Mission Trust Limited are appointed by invitation. In accordance with company law, directors are confirmed in office at the annual general meeting following their appointment.
The directors met four times during the year to consider the overall policy of the Charity and the level of grants to be paid. These meetings were held in conjunction with other charities administered by The Jerusalem and the East Mission Trust Limited, being The Jerusalem and the Middle East Church Association, St Mary's Waaf, Trust Property Held in Connection with the Episcopal Church in Egypt and the Arthur Benjamin Jones Travel Bursary Trust.
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The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Report of the Trustees for the Year Ended 30th June 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment, appointment, induction and training of new trustees The custodian trustee of the Charity is The Jerusalem and the East Mission Trust Limited.
The policy for recruitment and training of directors of the company is as follows:
New directors are recommended to fill vacancies by existing directors, Bishops of the Provinces or others closely associated with the Charity's activities. Prospective directors are interviewed by the chair and other directors as appropriate and details including full CVs are submitted to the board for approval. Prospective directors are given an introduction to the work of the Charity and information on the role of trustees and charity law. Charity Commission publications are regularly distributed to the directors.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1124343
Principal address
1 Hart House The Hart Farnham Surrey GU9 7HJ
Trustees
Rev Canon DJ H Longe (Chair) (appointed 27.11.24) Rt Rev A J Ball (Chair) JM Clark
D A Wright Dr C Amos Rev Y Said (resigned 20.1.25) Rev C M Dawkins
C A Hawkey (resigned 16.6.25) Rev CH Laing (appointed 17.6.25) Rev AJ Kirk (appointed 17.6.25) DrJ Roberts (appointed 17.6.25)
Independent Examiner D A Sanders BA (Hons) FCA Sheen Stickland Chartered Accountants 2 Oriel Court Omega Park Alton Hampshire GU34 2YT
Legal Advisers
Winckworth Sherwood LLP Arbor 255 Blackfriars Road London SE1 9AX
Page 5
The Jerusalem Bishopric Fund
A charity administered by the Jerusalem and the East Mission Trust Limited
Report of the Trustees
for the Year Ended 30th June 2025
REFERENCE AND ADMINISTRATIVE DETAILS Investment Managers
CCLA Investment Management Limited One Angel Lane London EC4R 3AB
12/03/2026 Approved by order of the board oftrustees ON oo... ec eeerersseeesees, and signed. on its behalf by:
Rev Canon D J H Longe - Trustee
Page 6
Independent Examiner's Report to the Trustees of The Jerusalem Bishopric Fund
Independent examiner's report to the trustees of The Jerusalem Bishopric Fund
[ report to the charity trustees on my examination of the accounts of The Jerusalem Bishopric Fund (the Trust) for the year ended 30th June 2025.
Responsibilities 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 2011 (‘the Act’).
| report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of[the][Act.]
Independent examiner's statement
| have completed my examination. | 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
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.
| have no concerns and have come across no other matters 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 reached.
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ASSN
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D A Sanders BA (Hons) FCA
Sheen Stickland
Chartered Accountants
2 Oriel Court Omega Park Alton Hampshire GU34Date: 43\2YTehVLAeleceeseetersenmeennt
Page 7
The Jerusalem Bishopric Fund Acharity administered by the Jerusalem and the East Mission Trust Limited
Statement of Financial Activities
for the Year Ended 30th June 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Restricted|Endowment|Total|Total|
|funds|funds|funds|funds|
|Notes|f|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Investment|income|2|62,370|-|62,370|60,813|
|EXPENDITURE|ON|
|Charitable|activities|3|
|Support|for|the|work|of the|Episcopal|Church|in|
|Jerusalem|and|the|Middle|East|42,680|-|42,680|24,304|
|Support|for|the|work|of the|Episcopal/Anglican|
|Province|of Alexandria|18,219|-|18,219|7,263|
|Total|60,899|-|60,899|31,567|
|Net gains/(losses)|on|investments|-|(95,318)|(95,318)|174,808|
|NET INCOME/(EXPENDITURE)|1,471|(95,318)|(93,847}|204,054|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|49,208|2,187,952|2,237,160|2,033,106|
|TOTAL FUNDS|CARRIED|FORWARD|50,679|2,092,634|2,143,313|2,237,160|
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The notes form part of these financial statements
Page 8
The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Balance Sheet 30th June 2025
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|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Restricted|Endowment|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Investments|7|-|2,092,634|2,092,634|2,187,952|
|CURRENT|ASSETS|
|Debtors|8|15,684|-|15,684|15,329|
|Cash|at|bank|73,144|-|73,144|57,162|
|88,828|-|88,828|72,491|
|CREDITORS|
|Amounts|falling|due|within|one year|9|(38,149)|-|(38,149)|(23,283)|
|NET CURRENT ASSETS|50,679|-|50,679|49,208|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|50,679|2,092,634|2,143,313|2,237,160|
|NET ASSETS|50,679|2,092,634|2,143,313|2,237,160|
|FUNDS|10|
|Restricted|funds|50,679|49,208|
|Endowment|funds|2,092,634|2,187,952|
|TOTAL FUNDS|2,143,313|2,237,160|
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The financial statements were approved by the Board of Trustees and authorised for issue on eres 4103/2026...eescceeee and were signed on its behalf by:
Rev Canon D J H Longe - Trustee
Catherine Dawkins
Rev C M Dawkins - Trustee
The notes form part of these financial statements
Page 9
The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Notes to the Financial Statements
for the Year Ended 30th June 2025
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019) - (Charities SORP (FRS 102))', 'The Financial Reporting Standard applicable in the UK and Republic of Ireland - (FRS102)' and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The financial statements have been prepared on the going concern basis as the trustees have considered the charity's financial position, cash flow forecasts, and the impact of external factors including economic conditions and the regulatory environment, and have confirmed that the charity has adequate resources to continue its operations for the foreseeable future.
Income
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Investment income is recognised on a receivable basis and income accrued but not received at the year end is included in prepayments and accrued income.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants Payable
Grants payable are taken to the Statement of Financial Activities in the year they are approved. Grants from restricted income and funds are paid in accordance with the donors' wishes. Those paid from designated and unrestricted income and funds are distributed at the discretion of the trustees, sometimes in consultation with the archbishops and synods of the provinces.
Management charge
The management charge is a support cost allocated to the activities of the Charity on a basis consistent with the use of resources, calculated by reference to the value of the funds as at 30th June of each year and is used to run the offices of The Jerusalem and the East Mission Trust Limited. The management charge is allocated entirely to charitable expenditure.
Taxation
As a registered charity no liability to direct taxation arises on the charitable activities.
Fund accounting
Restricted funds
Income received for restricted purposes is retained in a separate fund to the extent that such amounts remain unspent at the year end.
Page 10
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The Jerusalem Bishopric Fund A charity administered by the Jerusalem
and the East Mission Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 30th June 2025
1. ACCOUNTING POLICIES - continued
Fund accounting
Endowment fund
The permanent endowments are held expressly for the investments to produce income for the making of grants.
Investments
Investments are stated at mid-market value at the balance sheet date. All movements in value arising from investment changes are shown in the Statement of Financial Activities.
Unrealised gains and/or losses are the difference in market value of investments held at the beginning of the year, or their cost if purchased in the year, and at the end of the year.
- INVESTMENT INCOME
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Income | from listed investments | 59,913 | 58,860 |
| Deposit | account interest | 2,457 | 1,953 |
| 62,370 | 60,813 |
All investment income derives from listed investments in The CBF Church of England Funds.
- CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Grant | |||
| funding of | |||
| activities | |||
| (see note | Support | ||
| 4) | costs | Totals | |
| £ | £ | £ | |
| Support for the work ofthe Episcopal | |||
| Church in Jerusalem and the Middle | |||
| East | 30,000 | 12,680 | 42,680 |
| Support for the work ofthe | |||
| Episcopal/Anglican Province of | |||
| Alexandria | 13,000 | 5,219 | 18,219 |
| 43,000 | 17,899 | 60,899 |
Seven grants were made to three organisations. Support costs comprise the management service charge which has been taken entirely to charitable expenditure.
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The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
| 4. | GRANTS PAYABLE | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Support for the work ofthe Episcopal Church in Jerusalem and the Middle | ||||
| East | 30,000 | 13,500 | ||
| Support forthework ofthe Episcopal/Anglican Province ofAlexandria | 13,000 | - | ||
| 43,000 | 13,500 | |||
| The total grants paid to institutions during the yearwas as follows: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Diocese ofJerusalem | 19,000 | 13,500 | ||
| Diocese ofCyprus and the Gulf | 11,000 | - | ||
| Province ofAlexandria | 13,000 | - | ||
| 43,000 | 13,500 | |||
| 5. | TRUSTEES' REMUNERATION AND BENEFITS | |||
| The Jerusalem and the East Mission Trust Limited (the company) when acting | as trustee received | remuneration | ||
| in the form of a service charge of£17,899 (2024 - £18,067). £17,899 was owed by the Charity to The Jerusalem | ||||
| and the East Mission Trust Limited in respect of service charge as at 30th June 2025 (2024 - £16,533) and | is | |||
| includedasacreditoronthebalancesheet. |
- TRUSTEES' REMUNERATION AND BENEFITS
£10,125 was owed to the Jerusalem and the East Mission Trust Limited as at 30th June 2025 in respect of grants paid on behalf of the charity (2024 - £6,750).
The directors of the company did not receive any remuneration or expenses directly from the Charity.
Trustees’ expenses
| There were no trustees’ expenses paid |
for the year ended | 30th June | 2025 nor for the year | 2025 nor for the year | ended |
|---|---|---|---|---|---|
| 30th June 2024. | |||||
| COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTIVITIES | |||||
| Restricted | Endowment | Total | |||
| funds | funds | funds | |||
| £ | £ | £ | |||
| INCOMEAND ENDOWMENTS FROM | |||||
| Investment income | 60,813 | - | 60,813 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Support forthe work ofthe Episcopal Church | |||||
| in Jerusalem and the Middle East | 24,304 | - | 24,304 | ||
| Support for the work ofthe | |||||
| Episcopal/Anglican Province ofAlexandria | 7,263 | - | 7,263 | ||
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The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
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|---|---|---|---|---|---|---|---|---|---|
|6.|COMPARATIVES|FOR THE|STATEMENT OF|FINANCIAL|ACTIVITIES|-|continued|
|Restricted|Endowment|Total|
|funds|funds|funds|
|£|£|£|
|Total|31,567|-|31,567|
|Net|gains|on|investments|-|174,808|174,808|
|NET INCOME|29,246|174,808|204,054|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|19,962|2,013,144|2,033,106|
|TOTAL|FUNDS|CARRIED FORWARD|49,208|2,187,952|2,237,160|
|7.|FIXED|ASSET|INVESTMENTS|
|Listed|
|investments|
|£|
|MARKET VALUE|
|At|1st|July 2024|2,187,952|
|Revaluations|(95,318)|
|At|30th|June|2025|2,092,634|
|NET|BOOK|VALUE|
|At|30th|June|2025|2,092,634|
|At|30th|June|2024|2,187,952|
|There|were|no|investment|assets|outside|the|UK.|
|Cost|or|valuation|at|30th|June|2025|is|represented|by:|
|Listed|
|investments|
|£|
|Valuation|in|2025|2,092,634|
|The|historical|cost|of fixed|asset|investments|was|£1,410,612|(2024:|£1,410,612).|
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The Jerusalem Bishopric Fund A charity administered by the Jerusalem
and the East Mission Trust Limited
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Prepayments and accrued income | 15,684 | 15,329 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| TheJerusalem andThe East Mission Trust Limited | 10,125 | 6,750 | ||
| Grants payable | 10,125 | - | ||
| Accruals and deferred income | 17,899 | 16,533 | ||
| 38,149 | 23,283 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.7.24 | in funds | 30.6.25 | ||
| £ | £ | £ | ||
| Restricted funds | ||||
| Jerusalem Bishopric Fund | 16,076 | 1,108 | 17,184 | |
| Mission Trust Limited | 17,572 | 432 | 18,004 | |
| Campbell | 2,879 | 113 | 2,992 | |
| The Overseas Bishopric Fund (Egypt) | 12,681 | (182) | 12,499 | |
| 49,208 | 1,471 | 50,679 | ||
| Endowment funds | ||||
| Jerusalem Bishopric fund | 1,065,297 | (46,541) | 1,018,756 | |
| Mission Trust Limited | 613,892 | (26,820) | 587,072 | |
| Campbell | 73,130 | (2,925) | 70,205 | |
| The Overseas Bishopric Fund (Egypt) | 435,633 | (19,032) | 416,601 | |
| 2,187,952 | (95,318) | 2,092,634 | ||
| TOTALFUNDS | 2,237,160 | (93,847) | 2,143,313 |
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The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
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|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Restricted|funds|
|Jerusalem|Bishopric|Fund|30,346|(29,238)|-|1,108|
|Mission|Trust|Limited|17,438|(17,006)|-|432|
|Campbell|2,218|(2,105)|-|113|
|The|Overseas|Bishopric|Fund|(Egypt)|12,368|(12,550)|-|(182)|
|62,370|(60,899)|-|1,471|
|Endowment|funds|
|Jerusalem|Bishopric|fund|-|-|(46,541)|{46,541}|
|Mission|Trust|Limited|-|-|(26,820)|(26,820)|
|Campbell|-|-|(2,925)|(2,925)|
|The|Overseas|Bishopric|Fund|(Egypt)|-|-|(19,032)|(19,032)|
|-|-|(95,318)|(95,318)|
|TOTAL|FUNDS|62,370|(60,899)|(95,318)|(93,847)|
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Comparatives for movement in funds
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|||||||||
|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.7.23|in|funds|30.6.24|
|£|£|£|
|Restricted|funds|
|Jerusalem|Bishopric|Fund|9,072|7,004|16,076|
|Mission|Trust|Limited|5,707|11,865|17,572|
|Campbell|1,333|1,546|2,879|
|The|Overseas|Bishopric|Fund|(Egypt)|3,850|8,831|12,681|
|19,962|29,246|49,208|
|Endowment|funds|
|Jerusalem|Bishopric|fund|979,935|85,362|1,065,297|
|Mission|Trust|Limited|564,701|49,191|613,892|
|Campbell|67,782|5,348|73,130|
|The|Overseas|Bishopric|Fund|(Egypt)|400,726|34,907|435,633|
|2,013,144|174,808|2,187,952|
|TOTAL FUNDS|2,033,106|204,054|2,237,160|
----- End of picture text -----
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continued...
The Jerusalem Bishopric Fund A charity administered by the Jerusalem and the East Mission Trust Limited
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
==> picture [427 x 221] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Restricted|funds|
|Jerusalem|Bishopric|Fund|29,265|(22,261)|-|7,004|
|Mission|Trust|Limited|16,949|(5,084)|-|11,865|
|Campbell|2,158|(612)|-|1,546|
|The|Overseas|Bishopric|Fund|(Egypt)|12,441|(3,610)|-|8,831|
|60,813|(31,567)|-|29,246|
|Endowment|funds|
|Jerusalem|Bishopric|fund|-|-|85,362|85,362|
|Mission|Trust|Limited|-|-|49,191|49,191|
|Campbell|-|-|5,348|5,348|
|The|Overseas|Bishopric|Fund|(Egypt)|-|-|34,907|34,907|
|-|-|174,808|174,808|
|TOTAL FUNDS|60,813|(31,567)|174,808|204,054|
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The permanent endowments are held expressly for the investments to produce income for the making of grants.
- RELATED PARTY DISCLOSURES
The Rt Rev A J Ball (the chair of the charity until 17th June 2025 and continuing as a trustee) was Bishop in North Africa within the Province of Alexandria during part of the year ended 30th June 2025. As such there could have been perceived to be a conflict of interest between this role and his position within the charity. The trustees were aware of this potential conflict of interest and therefore he was not involved in decisions regarding grants to be paid by the charity.
Other than as above and as detailed in note 5, there were no related party transactions for the year ended 30th June 2025.
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