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
WI￿le.
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
Un￿rtaIntieS 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
P*ai46
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%qnct2*irJn CIO)
Trustee selection methods
inGluding details of any
constitutional provisions e.g.
election to post or name of
any person or body entIt￿d 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
P￿1.51
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$
Inve51n*nt 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 w￿Year￿(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 noaT￿l£
Fund to whi¢h
lon
Currentvah
Detalls
c￿lI0P1101￿Il
B3 InY•stm•nt assets
iknrestriue
CBF In*sbWI MKC4XK
1S.6$1
56.570
Oetails
Cost IWoTr•l)
Cwrrgnt valu•
on•1
B4 A¥¥ets retsinèd for th•
charlty's own us•
FuThd towh*h
WhEn d
Details
85 Liabilbti•¥
SKJn*J by ￿e or t￿9 bwstees on
hail of al th• tr￿tee$
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" D￿entsr 2024
Charfty no
(Wany)
1147154
Re8pectlv• The tharity's trustees are resp￿sIble 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 resp￿sIbilitY to:
exanmne the wmler secllon 145 of the Charilies Ad,
to fokni the wocedure8 laid dpwn in the general Dirw*on8 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 c￿￿￿SSi¢M. An examination indudes a of the
axouthirrfJ rec£*rds kept ty the thaiity and a comparison of the aca)unts
pro8￿ted wlth those feL¥)rds. It also VK4udes conslderaion of any unusual
iiem8 or dlsckxures in Ihe ￿)unts. 8eekJng eXPlan￿lan3 from Ihe
trustees cortemiw *)y ￿ch matters. The Pr￿edureS Undertak￿ do not
rfde am the evide1￿ that w0￿d 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.
S*n•d:
Septèmb8r 2025
obert John Scxrtter
Relovant prof•$8lonal Felkpw oftho Chartw&l Irtsiitth ￿ B￿kerS
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
B￿0p 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
inde￿ndent examin*'on is r*ed&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 aC￿rdaTr￿ general Dlrections given
examinefs 5tatsment by the Charrty Commisslon. An examination Includes a revi6w of the
accounlino records kept by the Ch￿lty 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 limit￿j 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:
aC￿U￿ting rec%)rds *ere not kept in a(xordance wrth sedion 130 of
the Charilie3 Act or
the acuunts do nol ￿rd with the a￿fjUnting 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.
s￿ned.
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