|O
CHARITY COMMISSION
FOR ENGLAND
AND WALES|O
CHARITY COMMISSION
FOR ENGLAND
AND WALES|O
CHARITY COMMISSION
FOR ENGLAND
AND WALES|O
CHARITY COMMISSION
FOR ENGLAND
AND WALES||||Bishop ofExeter's
Charity Registration|Bishop ofExeter's
Charity Registration|Clergy Fund
No. 1147154|Clergy Fund
No. 1147154|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Receipts and payments|||accounts|||CC16a| ||||||For||the period
from|01/01/2022|To||31/12/2022||| ||~||||||||||||| |~||~|~|~|~|~|||||||| ||||||Unrestricted
funds|||Restricted
funds|Endowment
funds||Total|funds|Last year| ||||||||6||||||| |A1 Receipts|||||||||||||| |Donations|||||||2,486|||||2,486|14T| |Investment
Income|||||||5,191|||||5,191|6,653| |Grants Received||||||||18,115||||18,115|20,633| |Sub total(Gross income|||for
AR)||||7,67T|18,115||||25,T92|27,433| |A2 Asset and||investment
sales,|||||||||||| |(see table}.|||||||||||||| |||Sub total|||||||||||| |||Total receipts|||||7,677|18,115||||25,792|27,433| |A3 Payments|||||||||||||| |Bank Charges|||||||50|||||50|| |Grants|||||||24,165|5,250||||29,415|12,320| |Grant from prior|year not utilised||||||||||||| |Other|||||||||||||| |||Sub total|||||24,215|5,250||||29,465|12,356| |A4 Asset and||investment|||||||||||| |purchases,|see table)||||||||||||| |||Sub total|||||||||||| |||Total payments|||||24,215|5,250||||29,465|12,356| |Net ofreceiptsl(payments)|||||||16,538|12,865||||3,673|15,077| |A5 Transfers||between funds|||||||||||| |AS Cash funds last year end|||||||63,382|14,138||||77,520|62,443| |Cash funds this year|||end||||46,844|27,003||||73,847|77,520| |~|a|~||~|e||~||s|~|~|||~"|~"|a|~|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||||Unrestricted||Restricted||||Endowment| ||||||Details|||||||funds|||funds|||funds| |||||||||||||to nearest E||to|nearest||E|to nearest E| |81 Cash|funds||||hlatVVest Bank||Account|||||46,344||||27,003||| ||||||CBF Deposit Account||||||||500|||||| ||||||Uncleared|Cheques||||||||||||| ||||||||||Total cash funds|||46,844||||27,003||| ||||||(agree|balances|||with receipts and payments|||||||||| ||||||||||||account(s))|||||||| |||||||||||||Unrestricted||Restricted||||Endowment| |||||||||||||funds|||funds|||funds| ||||||Details|||||||to nearest|E|to|nearest E|||to nearest E| |82 Other monetary assets||||||||||||||||||| ||||||Details|||||||Fund to which
asset belon s||Cost||(optional)||Current value
o tional| |83 Investment||assets|||CBF Investment|||Account||||Unrestricted||||||80,395| ||||||CBF Investment|||Account||||Endowment||||||13,975| ||||||M&G Charifund|||Account||||Unrestricted||||||56,459| ||||||Details|||||||Fund to which
asset belon s||Cost||(optional)||Current
value
o tional| |84Assets retained for the||||||||||||||||||| |charity's|own|use||||||||||||||||| |||||||||||||Fund to which||Amount|||due|When dua| ||||||Details|||||||liab~h
relates|||o|tional||o tional| |85 Liabilities||||||||||||||||||| |Signed by one or two trustees
behalf of all the trustees|||on|||||Signature|||||Print Name|||||Date of
a
roval| |||||||||||||||||||(|.I(otu| |CCXX|R2 accounts (SS)|||||||||||Ma~P||OF||||12/1 0/2023| ## ## ## ## |||||SORP reference||| |---|---|---|---|---|---|---| |Summary|ofthe purposes||of||The advancement
of religion through|the| |the charity as set out||in its|||support of licensed clergy and others|| |governing|document||||employed
and/or
actively|| ||||||engaged
in the ministry ofthe Church|of| ||||||England, mainly„but not exclusively,|| ||||||within the Diocese of Exeter.|| |Summary
activities|ofthe main
in relation to those|||Para 1.17and
1.19|All requests
for support sent to the
Bishop ofExeter are considered
by the|| |purposes|for the public||||trustees
and grants are awarded to those|| |benefit,
in particular,||the|||who have a clear financial
need for|| |activities,|projects or||||support orassistance to enable them|to| |services identified
in||the|||continue to contribute to the|| |accounts.|||||communities
in which they serve.|| |Statement|confirming|||Para 1.18|Through
carrying
out the objectives|of| |whether
the trustees||have|||the charity the trustees are confident|| |had regard to the guidance|||||(having
had regard to Charity|| |issued
by|the Charity||||Commission
guidance) that the Charity|| |Commission
on public|||||delivers
public benefit by supporting|| |benefit|||||licensed clergy and others employed|| ||||||and/or
actively engaged
in the ministry|| ||||||ofthe Church of England to enable them|| ||||||to engage
in communities
and support|| ||||||those in need both spiritually
and|| ||||||physically.|| ## |Additional
information
(op|tional)||| |---|---|---|---| |You may choose to include|further statements|where relevant
about:|| ||SORP reference||| |||The policy ofthe charity is to ensure|| |||that those individuals
that require|| |Policy on grant making|Para 1.38|support
and are licensed clergy or|| |||employed
and/or
actively engaged|in the| |||ministry ofthe Church of England|| |||should
receive a grant.|| |||||Para 1.38| |---|---|---|---|---| |Policy on|social investment|||| |including|program||related|| |investment||||| |Contribution||made|by|Para 1.38| |volunteers||||| |Other||||| ## |chievements
and|Per|formance|||| |---|---|---|---|---|---| |||SORP reference|||| ||||The trust has|awarded|grants to 15| ||||(2021:20)applicants||in the year.| |Summary
ofthe main|||||| |achievements
ofthe charity,|||||| |identifying
the difference|the|Para 1.20|||| |charity's
work has made to|||||| |the circumstances
of its|||||| |beneficiaries
and any wider|||||| |benefits to society as a|||||| |whole.|||||| |dditional
information|(optional)||||| |You may choose to include further statements|||where relevant|about:|| |Achievements
against|||||| |objectives set||Para 1.41|||| |Performance
offundraising|||||| |activities against objectives|||||| |set||Para 1.41|||| |Investment
performance|||||| |against objectives|||||| |||Para 1.41|||| ## ## |inanci|al
Review|al
Review|al
Review|al
Review||||| |---|---|---|---|---|---|---|---|---| |Review|of the charity's||||||Para 1.21|Unrestricted
income totalling f7,677| |financial|position||at the||end|||(2021:K6,800)was received
in the year.| |ofthe period||||||||Unrestricted
income came from| |||||||||donations
made at services led by the| |||||||||Bishop ofExeter or the Suffragan| |||||||||Bishops ofCrediton
and Plymouth
of| |||||||||R986(2021:8147),a donation
ofK1,500| |||||||||from The Clergy Rest Fund, and| |||||||||investment
income ofE5,191(2021:| |||||||||R6,653).The latter was impacted
by a| |||||||||decline
in the stock market during the| |||||||||year. Restricted
Grant income off18,115| |||||||||(2021:f20,633)was received from the| |||||||||Henry Smith Charity.| |||||||||The total expenditure
off29,465(2021:| |||||||||f12,356)was mainly made up oftwo| |||||||||types ofpayments:
firstly, grants being| |||||||||awarded to 15applicants
totalling| |||||||||f14,750(2021:f12,320).Secondly, the| |||||||||sum of814,465was paid as the Trust's| |||||||||contribution
towards the cost ofa| |||||||||curates'
trip to the Holy Land.| |||||||||The resulting
deficit for the year,| |||||||||reflecting
payments
in excess ofincome| |||||||||received, was F3,673(2021:F15,077| |||||||||sur lus.| |Statement||explaining|||the||Para 1.22|The charity has minimal
overheads
and| |policy for holding|||reserves|||||therefore aims to maximise the value of| |stating|why|they|are|held||||grants awarded each year from the| |Amount|of reserves|||held|||Para 1.22|income received
in the year.
f224,676| |Reasons for holding||||zero|||Para 1.22|| |reserves||||||||| |Details|of fund materially|||||in|Para 1.24|| |deficit||||||||| |Explanation||of any|||||Para 1.23|The trustees
have no uncertainties
over| |uncertainties||about the||||||the charity continuing
as a going| |charity|continuing||as a||going|||concern.| |concern||||||||| ## |The charity's|The charity's|principal|principal|principal||| |---|---|---|---|---|---|---| |sources of|funds||(including|||| |any fundraising)|||||Para 1.47|| |Investment||policy and||||| |objectives|including|||any||| |social investment|||policy|||| |adopted|||||Para 1,46|| |||||||The principal
risks facing the charity| |||||||are:| |A description||ofthe||principal||1. A significant
reduction
in the| |risks facing||the charity|||Para 1.46|number ofservices taken by the| |||||||Bishop ofExeter and the| |||||||Suffragan
Bishops;| |||||||2.
A significant
reduction
in the| |||||||return on investments;| |||||||3. The Henry Smith Charity has a| |||||||de-minimus
limit ofgrants| |||||||awarded
before grants
will be| |||||||released to the Bishop of| |||||||Exeter's Clergy Fund. Ifthis is| |||||||not reached„ income would be| |||||||materiall
affected.| |Other||||||Unrestricted
donations
income
increased
from f14?(2021)tof985 in| |||||||2022, due to in-person
church services| |||||||recommencing
after the Covid-19| |||||||pandemic.
Investment
income, on the| |||||||other hand, was 22% (R1,462) lower than| |||||||in the previous year, as a result of| |||||||difficult stock market conditions,
which| |||||||impacted
directly on investment
yield.| |||||||The Clergy Rest Fund donated
K1,500,| |||||||which was utilised as a grant to a| |||||||member ofclergy. There was a one-off| |||||||payment
ofF14,465 in support ofa trip| |||||||to the Holy Land undertaken
by the| |||||||Bishop ofExeter and a group of35| |||||||curates, which was an important| |||||||contributing
factor in the Fund leading| |||||||to a deficit in the year. However,
no| |||||||such trip or similar, significant
items of| |||||||one-off expenditure
are planned
for| |||||||2023.| ## |Description
of charity's trusts:|||| |---|---|---|---| |Type of governing
document|Para 1.25|Declaration|ofTrust dated 4'" INay 2012| |How is the charity
constituted?|Para 1.25|The Trust was registered as a charity on
8'" I@ay2012| |---|---|---| |Trustee selection methods|Para 1.25|The Bishop of Exeter is a permanent| |including
details of any||Trustee. Other trustees are elected by a| |constitutional
provisions e.g.||resolution
ofthe Trustees at a special| |election to post or name of||meeting.| |any person or body entitled to||| |appoint one or more trustees||| ## |Policies|and|procedures||| |---|---|---|---|---| |adopted|for the induction||and|| |training|oftrustees|||Para 1.51| |The charity's||organisational||| |structure|and|any wider||| |network|with|which the||Para 1.51| |charity works||||| |Relationship||with any related||| |parties||||Para 1.51| |Other||||| ## |Charit|name|name||Bishop of Exeter's Clergy Fund| |---|---|---|---|---| |Other name||the charity uses||| |Registered||charity|number|1147154| |Charity's|principal||address|The Old Deanery| |||||The Cloisters| |||||Exeter| |||||EX1 1HS| ## ||Trustee name|Trustee name||Office (ifany)|Dates acted if
not for whole
year|Name ofperson (or body) entitled
to appoint trustee (ifany)|Name ofperson (or body) entitled
to appoint trustee (ifany)|Name ofperson (or body) entitled
to appoint trustee (ifany)| |---|---|---|---|---|---|---|---|---| ||Rt Revd|Robert||Chair ofTrustees|Retired|Permanent|trustee|| ||Ronald|Atwell|||30/9/23|||| ||Rt Revd|||Chair ofTrustees|Appointed|Permanent|trustee|| ||Jacqueline||Ann||1/10/2023|||| ||Searle|||||||| |3|The Venerable|||||By resolution||ofthe trustees| ||David Gunn-|||||||| |4|Johnson|||||||| |5
6|Ben Barrett||||Resigned
18/9/23|||| |7|Annika|Hedrich|||Appointed|||| |8|||||18/9/23|||| |9||||||||| |10||||||||| |11||||||||| |12||||||||| |13||||||||| |14||||||||| |15||||||||| |16||||||||| |17||||||||| |18||||||||| |19||||||||| |20||||||||| |Funds held as custodian|Funds held as custodian|trustees|on behalf ofothers| |---|---|---|---| |Description
ofthe assets|||| |held
in this capacity|||| |Name and objects ofthe|||| |charity on whose behalf|the||| |assets are held and how|this||| |falls within the custodian|||| |charity's
objects|||| |Details of arrangements|for||| |safe custody and|||| |segregation
ofsuch assets|||| |from the charity's
own assets|||| ## ## ## ## ##