## 

## 

||SORPreference||
|---|---|---|
|Summaryofthepurposesof|Para1.17|**The advancement of religion through the **|
|thecharityas setoutinits||**supportof licensed clergy andothers **|
|governingdocument||**employed and/or actively **|
|||**engaged in the ministryof the Church of **|
|||**England, mainly, but not exclusively, **|
|||**within the Diocese of Exeter. **|
|Summaryofthemain<br>activitiesinrelationtothose|Para1.17and<br>1.19|**Allrequests for supportsent to the **<br>**Bishop of Exeter are considered by the **|
|purposesforthepublic||**trustees andgrants are awarded to those **|
|benefit,in particular,the||**whohavea clear financial need for **|
|activities,projectsor||**support or assistance to enable them to **|
|servicesidentifiedinthe||**continue to contribute to the **|
|accounts.||**communities in which they serve. **|
|Statementconfirming|Para1.18|**Through carryingout the objectives of **|
|whetherthetrusteeshave||**the charity the trustees are confident **|
|hadregardtotheguidance||**(having had regard to Charity **|
|issued bythe Charity||**Commission guidance) that the Charity **|
|Commissionon public||**delivers public benefit by supporting **|
|benefit||**licensed clergy and others employed **|
|||**and/or actively engaged in the ministry **|
|||**of the Church of England to enable them **|
|||**to engage in communities andsupport**|
|||**those in need both spiritually and **|
|||**physically. **|



||SORPreference||
|---|---|---|
|||**The policy of the charity is to ensure **|
|||**that those individuals that require **|
|Policyongrantmaking|Para1.38|**supportandare licensed clergy or **|
|||**employed and/or actively engaged in the **|
|||**ministryof the Church of England **|
|||**should receive a grant.**|





## 

|Achievementsagainst||
|---|---|
|objectives set|Para1.41|
|Performanceof fundraising||
|activitiesagainstobjectives||
|set|Para1.41|
|Investment<br>performance||
|againstobjectives||
||Para1.41|





## 

|Reviewofthecharity's|Para1.21|**Atotal of £6,800 (2020 £7,506) of **|
|---|---|---|
|financialpositionattheend||**unrestricted incomewasreceived in the **|
|oftheperiod||**year. Unrestricted income camefrom **|
|||**donations made at services led by the **|
|||**Bishop of Exeter or the Suffragan **|
|||**Bishops of Crediton and Plymouth **|
|||**(fewer servicestook placedue to **|
|||**lockdown restrictions) of £147 (2020 **|
|||**£1,250) and investment income of £6,653 **|
|||**(2020 £6,256). Restricted Grant income**|
|||**of £20,633 (2020 £11,810) wasreceived **|
|||**from the HenrySmith Charity andthe **|
|||**Queen Victoria Clergy Fund. **|
|||**The total payments of £12,356 (2020 **|
|||**£29,144) were mainly made up of grants **|
|||**being awarded to 20 applicants. This **|
|||**year on year decrease is due a reduction **|
|||**of the number of applications being **|
|||**received in the year. **|
|||**The surplus for the year was£15,077 **|
|||**(2020 £9,828 (Deficit)). Two cheques had **|
|||**to be cancelled relating to the previous **|
|||**year. This exceeded payments made in **|
|||**the year within unrestricted funds. **|
|Statementexplainingthe|Para1.22|**The charity has minimal overheads and **|
|policyforholdingreserves||**therefore aims to maximise the value of **|
|statingwhytheyareheld||**grants awarded each year from the **|
|||**income received in the year. **|
|Amountofreservesheld|Para1.22|**£244,207 **|
|Reasonsforholdingzero|Para1.22||
|reserves|||
|Detailsoffund materiallyin|Para1.24||
|deficit|||
|Explanation ofany|Para1.23|**The trustees have no uncertainties over **|
|uncertaintiesabout the||**the charity continuing as a going **|
|charitycontinuingasagoing||**concern. **|
|concern|||
|**dditional information (optional) **|||
|oumay choosetoincludefurtherstatements||whererelevantabout:|
|Thecharity'sprincipal|||
|sourcesoffunds(including|||
|anyfundraising)|Para1.47||



## 



|Investmentpolicyand|||
|---|---|---|
|objectivesincludingany|||
|social investmentpolicy|||
|adopted|Para1.46||
|||**The principle risks facing the charity **|
|||**are: **|
|Adescription ofthe principal||**1. A significant reduction in the **|
|risksfacingthecharity|Para1.46|**number of services taken by the **|
|||**Bishop of Exeter and the **|
|||**Suffragan Bishops **|
|||**2. A significant reduction in the **|
|||**returnon investments **|
|||**3. The Henry Smith Charity has a **|
|||**de-minimus limit of grants **|
|||**awarded before grants will be **|
|||**released to the Bishop of **|
|||**Exeter's Clergy Fund. If this is **|
|||**not reached, incomewould be **|
|||**materially affected. **|
|||**The impact of the Covid 19 pandemic **|
|Other||**has been considered by the trustees. **|
|||**Donations from services led by the **|
|||**Bishop of Exeter andthe Suffragan **|
|||**Bishops were impacted by the closure **|
|||**of churches during the pandemic. This **|
|||**income is expected in increase in 2022. **|
|||**The Investment yields performed wellin **|
|||**2021 but returns could be affected in **|
|||**2022 due to the impact of inflation. **|



## 

|Description ofcharity'strusts:|||
|---|---|---|
|Type ofgoverning document|Para1.25|**Declaration of Trust dated 4th May2012 **|
|(trustdeed,royalcharter)|||
|Howisthecharity|Para1.25|**The Trust was registered asa charity on **|
|constituted?(e.g||**8th May 2012 **|
|unincorporated|||
|association,CIO)|||
|Trusteeselectionmethods|Para1.25|**The Bishop of Exeter is a permanent **|
|includingdetailsofany||**Trustee. Other trustees are elected by a **|
|constitutionalprovisionse.g.||**resolution of the Trusteesat a special **|
|electiontopostornameof||**meeting. **|
|anypersonorbodyentitledto|||
|appointone ormoretrustees|||





|Policiesandprocedures||
|---|---|
|adoptedfortheinduction and||
|trainingoftrustees|Para1.51|
|Thecharity'sorganisational||
|structure andanywider||
|networkwithwhichthe|Para1.51|
|charityworks||
|Relationshipwithanyrelated||
|parties|Para1.51|
|Other||



## 

|Charityname|BishopofExeter'sClergyFund|
|---|---|
|Othernamethecharityuses||
|Registeredcharitynumber|1147154|
|Charity'sprincipaladdress|TheOldDeanery|
||TheCloisters|
||Exeter|
||EX11HS|





## 

||**Trusteename **|**Office (if any) **|**Dates acted if **<br>**not for whole**<br>**year **|**Name of person (or body) entitled **<br>**to appoint trustee (if any) **|
|---|---|---|---|---|
||RtRevdRobert|Chairman||Permanenttrustee|
|1|RonaldAtwell||||
||TheVenerable|||Byresolution ofthetrustees|
|2|DavidGunn-||||
||Johnson||||
|3|MichelleClark|||Byresolution ofthetrustees|
|4|||||
|5|||||
|6|||||
|7|||||
|8|||||
|9|||||
|10|||||
|11|||||
|12|||||
|13|||||
|14|||||
|15|||||
|16|||||
|17|||||
|18|||||
|19|||||
|20|||||









## 

## 



## 




||CHARITYCOMMISSION|CHARITYCOMMISSION||||BishopofExeter'sClergyFund|BishopofExeter'sClergyFund|BishopofExeter'sClergyFund|BishopofExeter'sClergyFund||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||FORENGLANDANDWALES||||||CharityRegistrationNo.1147154||||||||
||||Receiptsandpaymentsaccounts||||||||||CC16a||
||||Forthe period<br>from||||01/01/2021<br>To||31/12/2021||||||
|SectionAReceipts||and|payments||||||||||||
||||Unrestricted<br>funds||||Restricted<br>funds|<br>Endowment<br>funds|<br>Totalfunds||||Lastyear||
||||£||||£|£|£||||£||
|A1Receipts|||||||||||||||
|Donations|||||147|||-|||147||1,250||
|InvestmentIncome||||6,653||||-||6,653|||6,256||
|GrantsReceived|||||-||20,633|||20,633|||11,810||
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
|_Sub total (Gross income for _<br>_AR) _||||6,800|||20,633|||27,433|||19,316||
|A2 Assetandinvestmentsales,|||||||||||||||
|(see|table).||||||||||||||
||||||-||||||||||
||||||-||||||||||
||_Sub total _||||-||||||||||
||_~Total receipts _I||6,aoo|||11|<br>20,6331..I||-..I I|27,43311|||1_9_,3_16<br>...I||
|A3P|<br>t<br>aymen s||||||||||||||
|Bank|Charges||||36|||-|||36|||34|
|Grants||-|||300||12,620|||12,320|||29,110||
|Grant|fromprioryearnotutilised||||-|||-|||-|||-|
|Other|||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||||||-|||-|||-|||-|
||_Sub total - _||||264||12,620|||12,356|||29,144||
|A4Assetandinvestment|||||||||||||||
|purchases,(seetable)|||||||||||||||
||||||-||||||||||
||||||-||||||||||
||_Sub total _||||-||||||||||
||_...,Total payments _I-||||26411||<br>12,62011||-11|12,3561..1|||<br>2_9_<br>,1_44-1||
|_Net of receiptsl(payments) _------<br>A5Transfersbetweenfunds<br>A6Cashfundslastyearend<br>56,318<br>_Cash funds this year end _<br>63,382<br>------<br>7,064|||||||<br> <br>8,0135<br>-<br>6,125<br>14,138|||<br>15,077<br>-<br>62,443<br>77,520||-|9,828<br>-<br>72,271<br>62,443||






|||**Unrestricted **|**Unrestricted **|**Restricted **|**Endowment **|
|---|---|---|---|---|---|
|Categories|**rn+1·1r **|**funds **||**funds **|**funds **|
|||**to nearest£ **||**to nearest£ **|**to nearest£ **|
|**81 Cash funds **|NatWestBankAccount|**62,882 **||**14,138 **||
||CBFDepositAccount||**500 **|.||
||UnclearedCheques|||||
||**_Total cash funds _**|**63,382 **||**14,138 **||
||(agreebalanceswithreceiptsand payments|||||
||account(s))|||||
|||**Unrestricted **||**Restricted **|**Endowment **|
|||**funds **||**funds **|**funds **|
||Details|**to nearest£ **||to**nearest£ **|**to nearest£ **|
|**82 Other monetaryassets **||||||
||Details|**Fundto which **<br>**asset belongs **||**Cost (optional) **|Currentvalue<br>(optional)|
|**83 Investment assets **|CBFInvestmentAccount|Unrestricted|||91,068|
||CBFInvestmentAccount|Endowment|||15,830|
||M&GCharifundAccount|Unrestricted|||59,789|
||||||.|
||||||.|
||Details|**Fund to which **<br>**asset belongs **||**Cost (optional) **|Currentvalue<br>(optional)|
|**84 Assets retained for the **|||||.|
|**charity's own use **|||||.|
||||||.|
||||||.|
||||||.|
||||||.|
||||||.|
||||||.|
||||||.|
|||**Fund to which **||**Amount due **|Whendue|
||**Details **|I"bTt<br>It<br>**Ia 1 nv re a **|<br>**es **|(ootionall|lootionall|
|**85 Liabilities **|Uncashedcheques|Restricted||2,250|Jan2022|
||Uncashedcheques|Unrestricted||600|Jan2022|
|||||.||
|||||.||
|||||.||
|Signed byone ortwotrusteeson<br>behalfofallthetrustees|**Signature **|Print||Name|Dateof|