2022-12-31-accounts - The York Diocesan Ministers' Relief (2009) Fund

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

THE YORK DIOCESAN MINISTERS’ RELIEF (2009) FUND

FINANCIAL STATEMENTS 31 DECEMBER 2022

INDEX

	Page
Trustees’ Report	1-3
Report of the Independent Examiner	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7-8

CHARITY NUMBER 1134193

THE YORK DIOCESAN MINISTERS’ RELIEF (2009) FUND

Trustees’ Annual Report for the year ended 31 December 2022

Reference and administration details

Charity name The York Diocesan Ministers’ Relief (2009) Fund Registered charity number The charity was created under a scheme dated 4 September 2009. On 31 December 2009 The York Diocesan Ministers’ Relief Fund, The Diocese of York North Riding Charitable Fund (1114377) and York West Riding Charitable Society (1002028) gifted their assets to the charity. The registered charity number is 1134193. Charity’s principal address Diocesan House Amy Johnson Way Clifton Moor York YO30 4XT

Names of the charity trustees who manage the charity

The charity is administered by its managing trustees. During 2022 and to the date of this report, except where indicated, the trustees were as follows:

Ex Officio trustees: The Venerable SJ Rushton - Archdeacon of York The Venerable AC Broom - Archdeacon of the East Riding The Venerable A Bloor - Archdeacon of Cleveland Canon PJ Warry - Diocesan Secretary

Nominated trustees:

Mr MA Griggs Mr J Longbottom

Co-opted trustees: Mrs HS Truefitt

Structure, governance and management

Type of governing document

Scheme of the Charity Commissioners dated 4 September 2009.

Objectives and activities

Summary of the objects of the charity set out in its governing document

The object of the charity is to relieve need, hardship and distress among clergy and licensed lay workers who reside or serve in or who have resided or served in the Diocese of York and among persons who are dependant relatives of or who have acted as housekeepers to any member of the clergy or licensed lay worker who is or was qualified as aforesaid.

THE YORK DIOCESAN MINISTERS’ RELIEF (2009) FUND

Statement of trustees’ responsibilities

T he trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity [and the group] and of the incoming resources and application of resources of the charity [and the group] for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (FRS102);
make judgements and estimates 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 going concern basis unless it is inappropriate to presume that the charity will continue in business.

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, applicable accounting regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions

Achievements and performance

Achievements

During the year the trustees made 63 grants (2021: 20) to beneficiaries totalling £71,361 (2021: £28,446). The market value of the trust’s investments decreased by £225,478 to £1,679,245 offsetting much of the large gain from the previous year.

Financial Review

The total value of the fund decreased by £246,708 which was mainly due to a significant decrease in the value of the Trust’s investments but also an increase in the level of grants paid out. The total reserves at 31 December 2022 were £1,746,908 of which £225,811 was unrestricted and £1,521,097 was permanent endowment.

Reserves

The level of unrestricted reserves (£225,811 at 31 December 2022) is considered by the trustees to be sufficient to allow them to make grants under the charity’s primary object, that is for the relief of need, and also under its secondary object, that is in order to further the religious and other charitable work of the Church of England in the area of benefit.

The Trustees have determined that should unrestricted reserves reduce to £80,000 it will be necessary for them to reconsider this decision and to prioritise grants which are focussed on the relief of need, hardship and distress. In selecting the £80,000 floor, the Trustees are mindful of the need to have in reserve sufficient funds available to meet the needs of occasional cases that require a larger than average grant.

As the year end reserves are significantly above this level, the Trustees continue to seek additional grant making opportunities.

THE YORK DIOCESAN MINISTERS, RELIEF {20091 FUND Trustees, Annual Report for the year ended 31 De¢ember2022 ttont'd) Public Benefit The Trustees a aware of the Charity Commission's guidancè on public benefit and have had regard to il in their administration of the trust. The Trustees believe that the objectives of the trust meet the public benefit requirements and that the actiwties for the year are in accordance with the objectives. Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the trustees Canon P J War 14.kw 2023

THE YORK DIOCESAN MINISTERS’ RELIEF (2009) FUND

Independent Examiner’s Report to The Trustees of The York Diocesan Ministers’ Relief (2009) Fund

I report to the Trustees on my examination of the accounts of The York Diocesan Ministers’ Relief (2009) Fund for the year ended 31 December 2022 which are set out on pages 5 to 8.

Respective responsibilities of trustees and examiner

As the Charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The trustees are satisfied that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have chosen instead to have an independent examination.

I report in respect of my examination of the Trust’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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.

I 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.

Sally Appleton FCA Saffery LLP Mitre House North Park Road Harrogate HG1 5RX

Date: 15 September 2023

THE YORK DIOCESAN MINISTERS' RELIEF (2009) FUND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2022

Notes Income and endowments from: Investments 3 Total income Expenditure on: Charitable activities 4 Governance costs 4 Total expenditure Net income before investment gains/(losses) Gains/(losses) on investments: Net movement in funds Funds brought forward 1 January Funds carried forward 31 December	Unrestricted Permanent Total Total Funds Endowment 2022 2021 Funds £ £ £ £ 50,960 - 50,960 48,367
	50,960 - 50,960 48,367
	71,361 - 71,361 28,446 829 - 829 1,994
	72,190 - 72,190 30,440
	(21,230) - (21,230) 17,927 (21,235) (204,243) (225,478) 239,661
	(42,465) (204,243) (246,708) 257,588
	268,276 1,725,340 1,993,616 1,736,028
	225,811 1,521,097 1,746,908 1,993,616

The Charity's income and expenditure all relates to continuing operations. Included with the comparative amounts are unrealised gains on investments of £217,090 which relate wholly to the permanent endowment funds. All other comparative amounts relate to the unrestricted funds.

THE YORK DIOCESAN MINISTERS, RELIEF (2009) FUND BALANCE SHEET AS AT 31 DECEMBER 2022 Notes Unrestn'cted Endowment Funds Funds Total 2022 Total 2021 Flxed assets Investments 158,148 1.521,097 1.679,245 1,904,723 158,148 1,521,097 1.679.245 1,904.723 Current assets Debt015 and acctU8d interest Deposits Cash at bank 69.437 326 69.763 69.437 326 69.763 90.567 326 90,893 Creditors Arnounts falling due wthin one y8ar 12,100} {2,1001 I2,0} Net current assats 67,663 67.663 88.893 Net assets 225811 1.521,097 1,746 908 1993.618 Funds of the charity Un$t[itted Permanent endowment 225.811 225.811 268.276 1,521.097 1,521,097 1.725,340 225,811 1,521.097 1.748.908 1.993,616 Induded within comparative arnounts a Invesbnenl 8$S¢ts of £1.725.340 relating to permanent endowTnent fvnds. Apprtsved by the Board of Trustees and authtsrised for issue on Iq NIÉ 2023 and signed on behalf of the Board by.. Canon P J Wary The notes on page5 7 to 8 forrn part of these accounts

THE YORK DIOCESAN MINISTERS’ RELIEF (2009) FUND

Notes to the accounts for the year ended 31 December 2022

1. Basis of preparation

2019 2018

1.1 Basis of accounting

These accounts have been prepared on the basis of historical cost (except that investments are shown at market value) in accordance with:

The Statement of Recommended Practice for Charities (SORP 2019);
the Charities Act 2011; and
Financial Reporting Standard (FRS) 102.

2. Accounting policies

FUNDS

Unrestricted Funds These funds comprise those which the trustees are free to use in accordance with the charitable objects. Endowment Fund This fund represents those assets which must be held permanently by the charity, principally investments. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses on the investments form part of the fund. INCOMING RESOUCES Investment income This is included in the accounts when receivable Interest receivable Interest is included on an accruals basis

EXPENDITURE AND LIABILITIES

Grants payable Expenditure on grants is recorded once the fund has made an unconditional commitment to pay the grant and this has been communicated to the beneficiary or the grant has been paid.

ASSETS

Investment gains and losses Investments held as fixed assets are included at market value at the year end. Any gain or loss on revaluation is taken to the Statement of Financial Activities.

THE YORK DIOCESAN MINISTERS' RELIEF (2009) FUND

Notes to the accounts for year ended 31 December 2022 (continued)

31 DECEMBER 2022

3. Income and endowments from: Investments Dividends Interest Total income 4. Expenditure on: Charitable activities Grants payable 62 grants to individuals (2021: 20) 1 grant to institution (2021: 0) Governance costs Admin expenses Total expenditure	Unrestricted Endowment Total Total Funds Funds 2022 2021 £ £ £ £ 49,981 - 49,981 48,328 979 - 979 39
	50,960 - 50,960 48,367
	56,361 - 56,361 28,446 15,000 - 15,000 -
	71,361 - 71,361 28,446
	829 - 829 1,994
	829 - 829 1,994

	72,190 - 72,190 30,440

5. Trustee expenses

No expenses were paid to any trustees in either 2022 or 2021. No other payments were made to any trustees, persons closely connected to them or related parties.

6. Paid employees

There are no specific employees of the charity or related costs.

7. Creditors


7. Creditors Grants awarded Other creditors 8. Fixed asset investments Quoted investments Market value at 1 January Purchases at cost Disposal at opening market value Revaluation Market value at 31 December Historic Cost 9. Fund movements 2022 Balance at 1 January 2022 Incoming resources Resources expended Revaluation Balance at 31 December 2022 2021 comparatives Balance at 1 January 2021 Incoming resources Resources expended Revaluation Balance at 31 December 2021	2022 2021 £ £ (1,500) (2,000) (600) - (2,100) (2,000) 2022 2021 £ £ 1,904,723 1,665,062 - - - - (225,478) 239,661 1,679,245 1,904,723 992,932 992,932 Unrestricted Permanent Total fund endowment funds fund £ £ £ 268,276 1,725,340 1,993,616 50,960 - 50,960 (72,190) - (72,190) (21,235) (204,243) (225,478)
	225,811 1,521,097 1,746,908
	£ £ £ 227,778 1,508,250 1,736,028 48,367 - 48,367 (30,440) - (30,440) 22,571 217,090 239,661
	268,276 1,725,340 1,993,616