CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period 1 January 2024 To 31 December 2024 Charity name: Bishop of Exeter's Clergy Fund Charity registration number: 1147154 Objectives and Activities Summary of the purposes of the charity as set out in its governing document P*a1.17 The advancement of religion through tha support of licensed clergy and othèrs employed andlor actively engaged in the ministry of the Church of England, mainly. but not exclusivety, within the Diocese of Exeter. All requests for support sent to thè Bishop of Exeler are consldered by the trustee5 and grants are awarded to those who have a clear flnancial need for support or asslstance to enable thèm to continue to contribute to the communities in which thoy seTho. Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or servirRs identified in the accounts. P•r¥1.17wd 1.19 Statement confimiirg whether the trustees have had regard lo the guidance issued by the Charity Commission on public benefit P•a118 Through carrying out the objectives of the charity the trustees are confident (having had règard to Charity Commissbon guldance) that the Charity delivers public benefit by supporting licensed clergy and others employed andlor actively engaged in the ministy of the Church of England to enable them to engage in communities and support those in need l)oth spiritually and physically. Additional information {optional) You may choose to include fvrther statements where relevant about: SORP releren The policy of the charity is to ensure thal those indivlduals that require support and are licensed clergy or employed andlor actively engaged in the ministry of the Church of England Should reGeive a ranL Policy on grant making Pwa 1.38
P¥¥ 1.38 Policy on social investment includiTrJ program related investment Contribution made by volunteers PaA138 Other Achievements and Perfomiance The trust has awarded grants to 18 1 (2023: 13) appllcants in the year. Summary ol the main achievements of the charity, identifying the difference the Charity's work has made to the ¢ir¢umstances of rts beneficiaries and any wder b8nefits to society as a WIle. Para 1.20 Additional inforniati loptlonal) You ma choose to indude further statements where relevant about.. Achievements against objectives set Pw¥ 1.41 Perf0rnan of fundraising activiiies against objectives set Para 141 Investment performan against otfj'eGtives
Other Financial Review Review of the charity's financial position at the end of the period PaTr 1.21 Unrestricted income totalling £10,219 12023: £7,670) was received in the year. Unrestricted income of £1,63712023: £394) Game from donations made at services led by the Bishop of Exeter or the Suffragan Bishops of Crediton and Plymouth, and Investment income of £8.582 (2023: £7.276). Restricted Grant income of £24.41612023: £6,664l was received from The Quèan VSctoria Fund and Henry Smith Charlty. The total expenditu of £15,463 (2023: £12,917) was principally made up of grants being awarded to 18 appllcants totalling £15.44012023: £12,898) Thè resultlng surplus for the yearwas £19.172 (2023: £1.417 deficit>. Statement explaining the policy for holding reserves stating why they are held Para 1.22 The charity has minimal overheads and therefore aims to maxlmise the value of grants awardèd èach year from the income received In tho ear. Total reserves held were £253.846 (2023: £230,870) made up as follows Unrestricted £204,859 Restrlcted £33,335 Endowment £15,651 Amount of reserv8s held Para 1 22 The prior year openlng cash position has been restated to reflect the timing of thé clearance of cheques to the value of Reasons for holding zero reserves Details of fund materially in deficit Explanation of any UnrtaIntieS about the Charity continuing as a going ¢oncern Para 1 22 Para 1 24 Para 1.23 The trustees have no uncertainlies over the charlty continuing as a going concern. Additional Information (optlonal) You may choose to indude further statemerrts where relevant about:
The Gharty's principal sources of funds {inGluding any fundraising) Para 1 47 Investrnent policy and objectives includirg any Social investment policy adopted Pai46 The principal risks facing the charity are: 1. A significant reduction in the number of servlcos taken by the Blshop of Exeter and the Suffragan Bishops; l A significant reductlon In the return on investments; 3. The Henry Smlth Charity has dewminimus limlt of grants awarded boforn grants will released to the Blshop of Exeterfs Clergy Fund. If thls Is not reached, income would be materiall affected. Unréstricted donations income in¢reased frorn £394120231 to £1,637 in 2024, Inveslment income, was 18% 1£1.306) higher than in the previous year. as a result of improved stock market conditions. A d8SCriPtion of the wincipal risks facing the charity Pwa 1.46 Other Structure, Governance and Management Des¢ripts'on of charity's trusts.. Type of goveming document Por8 1.25 Declaratlon of Trust dated 4th May 2012 How is the charity constituted? iinincorporaieo a%qnct2irJn CIO) Trustee selection methods inGluding details of any constitutional provisions e.g. election to post or name of any person or body entItd to appoint one or more trustees Para 1.25 The Trust was registered as a ¢harity on 8th May 2012 Pwa125 Tho Bishop of Exeter Is a pemianent Trusteo. Other trustees are elected by a resolutlon of tho Trustsos at a speclal meeting. Additional infomiation (optional} You may choose to indude further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship wrth any related parties P1.51 Other Reference and Administrative detsils Chari name Other name the charity uses istered chari number Charity's principal address Bish of Exeterfs Cle FurKI 1147154 The Old Deanery The Cloisters Exeter EX1 1HS
Names of the charfty trustges who manage the charity Oates acted it not for TAho y•ar App)inted 0211112024 Tru8t•• nam• oirice Irf any} Name of petson lor body) enlltl•d to appoint trn8t•e Ilf any) Perrnanent trustee Rt Revd Dr Michael Robert Harrison Rt Revd Jacqueline Ann Searle Chair of Trustees Appointed 111012023 Resigned 3010112025 Trustee The Venerable David Gunn- Johnson By resolution of the trustees 10 12 13 14 15 16 17 18 19 20 Corporate trustees - names of the directcKs at Ihe date the report was approved r8¢tor name Narne of trustees holding title to property belonging to the tharity Tru$ts• namg Dates acted if not for ¥rtN)le year
Funds held as custodian trustees on behalf of others Description of the assets held in this capauty Name and objects of the harity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Addltional information (oplional Names and addresses of advisers (Optional inforn)atlon) Type of Name Address adviser Name of chief executive or names of senior staff members (O tional inforniation) Exemptions from disclosure Reason for non-disclosure of key personnel details Other optional infonnation
Declarations The truste•8 declare that they have approved the trustsas, report above. SSgned on behalf of the charity'$ trustees Signaturels) Full name(sl Positlon {eg Secretary. Chalr. etc) kr OL MiC4AEL ILL Cio H LhSokL) OÈ e*¥TEL Date
CHARITY COMMISSION FOR ENGLANL) AND WALES Blshop of Exeterfs Clergy Fund Charity Re9iStration No. 1147154 Recei ts and ments accounts CC16a For the period from To 01101r2024 3111212024 Section A Receipts and payments Unrestricted funds Restricted lur Endowmènt funds Total fund$ Last year A1 R•eèi tbnaiion$ Inve51nnt Inctsrt Grants Recwved 8.582 .582 24.416 7.276 24.416 ross income AR) 10219 ZV16 14,334 $¢t an s¢ tsblè . In&1ment sa 10,219 24N1 34.830 14, A3P Ban* Charg8$ Gran15 Grani frfm wYear(l ublsed Oth 19 12,P98 15,440 15,440 Sub total 14440 15.463 12,917 A4 Asset and Investment Sub total 23 15.440 15,483 12,917 N•t of r•c•lpts/(payments) A5 Transl•rs bètween funds A6 Cash funds last year end Cash funds thls year end 8.976 19,172 1.417 48.OSJ 58.250 4.359 33.33S 72.412 91,505 70,994 72,412 CCXX R1 acLoMts {SSI 18h)912025
Section B Statement of assets and liabilities at the end of the period Unr•strlcted Rotrlcted funds lunds to nearnst£ Endowm•nt lunds to npar•&t£ Categories Details to B1 Cash fund¥ 57.75Q Total cash funds 18,250 33,335 Unrestri¢t•d Restrtcted funds Endowmenl funds to r•re$t£ Detaili lo noaTl£ Fund to whi¢h lon Currentvah Detalls clI0P1101Il B3 InY•stm•nt assets iknrestriue CBF InsbWI MKC4XK 1S.6$1 56.570 Oetails Cost IWoTr•l) Cwrrgnt valu• on•1 B4 A¥¥ets retsinèd for th• charlty's own us• FuThd towhh WhEn d Details 85 Liabilbti•¥ SKJnJ by e or t9 bwstees on hail of al th• trtee$ Date of roval SvJnature Prwit Name CCXX R2 xrA*Mts ISSI 1610912025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlner's report on the accounts Ii",clei)ei)(li'iit Exaiii Iiier s Report R•port to tho trustees cf Bishop of Exelerfs Cler9y FLfKI On accounts fortho yoar 31" Dentsr 2024 Charfty no (Wany) 1147154 Re8pectlv• The tharity's trustees are respsIble for the preparation of the accounts. r•sponslbilili•s of The th8ritys truslees consider that audil is rKJt required for thi8 year trustees and examlner under Sed1( 144 of the Charblies Acl 2011 (th8 Ch8flties Acl} and that an indeperthnt ey2rThnation is needed. ft is my respsIbilitY to: exanmne the wmler secllon 145 of the Charilies Ad, to fokni the wocedure8 laid dpwn in the general Dirwon8 glwn by the Chwity Commission (Lrthr s&Xion 145(5Xb) of the Chafities Act. and to state whethu wticular mattern have com8 to my aiention. Basls of Ind•nt My examlnation was carrfed in armFdaneA w#h goneral Oir•¢lion$ given exomlngrfs statmnt by the Charity cSSi¢M. An examination indudes a of the axouthirrfJ rec£rds kept ty the thaiity and a comparison of the aca)unts pro8ted wlth those feL¥)rds. It also VK4udes conslderaion of any unusual iiem8 or dlsckxures in Ihe )unts. 8eekJng eXPlanlan3 from Ihe trustees cortemiw )y ch matters. The PredureS Undertak do not rfde am the evide1 that w0d be Teffjlred in an audit. and con8equwtly no oplnlon18 given as to %thether lh8 acmjnts presem a Iiue and f8if and the rewi ig linited to thosa mAtters set oui in the Independent In rnnn8ction ilh my examinalion, material mattels have to my oxamIn•3 stst•mont attentKJn whkh g4ves rre cause to b81ith thai In. ary matsrfal re$r&.. tho Charfties Act the accounts do ncl wxxrl the acuunling records I have rne across rn other in connection with the examination to att•ntion sh¢Id bé dK8wn in Orderto enable a proper undeT8tandi of the to be re•ed. Sn•d: Septèmb8r 2025 obert John Scxrtter Relovant prof•$8lonal Felkpw oftho Chartw&l Irtsiitth BkerS qualNlcatlonlsl or bc Ilf •nyl". Addro53: 12 Wesdands, 25 Avenue. Exmouth. EX8 2AB
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Independent Exaniiner's Report Report to the trustees of B0p of Exelerfs Clergy Fund On accounts for the yaar ended 31" December 2024 Charlty no (If any) 1147154 Respectlve The charity's tfustees are responsible for the preparation of the accounts. responsibilitios of The charity's Irustees consider that an audit is not required for this year trugteos and examlner under sedlon 144 of the Chafities Act 2011 (the Charltles Acl} and that an indendent examin'on is red&J. ft is my responsibility to: examine the accounts under $8caion 145 of the Charities Act, to Idlow the procedures laid down in the general Diredions given by the Charity Commission (under section 14515){b) of the Charities Act, and to state whether particular rnatters h&48 come to my attention. Basls of Ind•pondont My examlnallon was carrfed ¢Jrt In aCrdaTr general Dlrections given examinefs 5tatsment by the Charrty Commisslon. An examination Includes a revi6w of the accounlino records kept by the Chlty and a comparison of the a(xounts presented with those re(x)rds. It also indudes consideration of any unusual ktems or disclosurEs in the unts, and Seeking explanations from the Irustees o)nceming Y sur matters. The prcKedures undertaken do not provide all evidence that would be required in an audit. and cnnsequenuy no opinion 18 given as to whother the accounts present a 'true and fairf view and the rewrt is limitj to those matters set out in the Independent In txnnedion wth my examination, no material matters have ¢xme lo my examlnerf8 ststement attention which gives cause tt) believe that in, any material respect: aCUting rec%)rds ere not kept in a(xordance wrth sedion 130 of the Charilie3 Act or the acuunts do nol rd with the afjUnting reo)rds I have L¥Jme across no other matters in (x)nneclion with the examination to wlich attention should be drawn in order to enable a proper underntandirvJ of the accounts to be reathed. sned. 5° September 2025 Nam•= obert John Soutter R•levant profession•1 quallflcatlon(s) or body (if any): Fellow of the Chartered Inditule d Banke Address: 12 Westlands, 25 Douglas Avenue, Exnvxrth, EX8 2AB