BAYNE BENEFAcfioN
ACCOUNTS FOR THE YEAR
ENDED 31 JULY 2022
INDEX
Page 1-2
Trustees Annual Report
Independent Examinerfs Report
5tstement of Financial Activities
Balance Sheet
Notes to the Accounts
Registered Charty No.. 203262

BAYNE BENEFACTION
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 JULY 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Charily number..
203262
Trustees..
J Chaffey
S Croft
G Elsmore
J French
M Percy {resigned 26 April 2022)
S Pullin
Contact address..
Church House Oxford
Kidlington
Oxford OX5 1GF
Independent examiners..
Critchleys Audit LLP
Beaver House
23-38 Hythe Bridge Street
Oxford OX12EP
Investment managers..
CCL4 Investment Management Limited
Senator House
85 Queen Victoria Street
London EC4V 4ET
STRUCTURE. GOVERNANCE & MANAGEMENT
The charity 15 governed by the Will of the late Reverend de Vere Bayne as amended by a Scheme
dated 31 May 1990. It is an unincorporated charity.
The trustees meet bi-annually to consider applications and distribute grants.
The Trustees consist of the individuals who occupy the following roles..
The Very Reverend The Dean of Christ Church, Oxford.
The Right Reverend The Lord Bishop of Oxford.
The Venerable Archdeacons of Berkshire, Btjckingham, Dorchester and Oxford.
The trustees are serviced by a Secretary who collects applications and processes them in readine55 for
consideration.
OBJECTIVES AND ACTIVITIES
The objects of the charity, which are for the public benefit. are to support Clergy and Church Schc¥)Is
(except for school buildings) in the Diocese of Oxford.
The policies of the charity are:
To invite applications from Clergy for grants to enable them to undertake further study.
To support those Clergy who are in financial need.
To uphold and enhance the teaching of religiou5 education in Church Schoo15 through the
provision of resources, in-setvice training for teachers, govemors and others who work in the
schools.
To maintain Oiocesan links with all Diocesan Schools & sUPPQrt the work of the Diocesan staff
within them.
To support the work of Religious Education through the provision of resources in Religious
Education Resource Centres in the Diocese.

BAYNE BENEFACTION
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 JULY 2022 {CONTINUED}
Public benefit
The Tru5tee5 have complied with the duty within the Charities Act 2011 to have due regard to the
public benefit guidance published by the Charity Commission.
ACHIEVEMENTS AND PERFORMANCE
The trustees distributed grants amounting to £30,71812021-. £40.384) which are analysed in note 3 of
the accounts.
FINANCIAL REVIEW
All investments are held in the CBF Church of England Deposit Fund and are presently managed by
CCLA Investment Management Limited.
Investment incorne in the year amounted to £46,903 12021: £45,245) together with unrealised losses
on investments of £17,211 {2021.' unrealised gains of £238.7511.
Deslgnated funds
All general fund net income is allocated to the designated funds, School and Clergy. Schools have
first call on the net income and must not receive more than four fifths and not less than three fifths.
Clergy are to receive not more than two fifths and not less than one fifth of all net incoming resources.
The proportion within the financial year is set out in note 6.
Reserves
The remaining funds1£1,630,614 as at 31 July 20221 are held to generate investment income which is
then applied in accordance with the charity's objectives.
ON BEHALF OF THE TRUSTEES
PM d0*
t9L L>e& g>

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BAYNE BENEFACTION
I report on the accounts of Bayne Benefaction ('the TrusV} for the year ended 31 July 2022, which are
set out on pages 4 to 8.
Responsibilities and basis of report
As the charity tnjstees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111'the ACVI.
I report in respect of my examination of the Trustee's account5 Ca￿led out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commissioner under section 145{511b) of the 2011 Act.
Independent examiner'5 Statement
I have completed my examination. I confirm that no material rnatters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
{1) accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or
Pl the accounts do not accord with those records,- or
(31 the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reportsl 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 collcerris 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.
Name of examiner: Colin Mills
Name of firm: Ciitchleys Audit LLP
Relevant professional body: Institute of Chartered Accountants in England and Wales
Address: Beaver House, 23-38 Hythe Bridge StreeL Oxford. OXI 2EP
Date: 2 December 2022

BAYNE BENEFACTION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2022
Unrestrlcted
General
Funds
Deslgnated Funds
Total
2022
Total
2021
Note
Schools
Clergy
INCOME FROM:
Investments
Dividends received
Interesl receivable
2b
2b
46,565
46.565
45.034
211
Total income
45 245
EXPENDITURE ON:
Chafitable aclivities
Grants to schools
Grants to clergy
Govemance costs
25,300
25,300
5,418
20,850
19,534
5,418
Total expenditure
Net income before
investment gains
44,065
125,3¢J)I
15,4181
13,347
2.101
Gains/llossesl on investment
assets
2387S1
NET INCOME
26,854
125,300)
15,4181
13,8641
240,852
TRANSFERS BETWEEN
FUNDS
Net movement in funds for
the year
117,2111
1,139
12,208
13.8641
240,852
BALANCES BROUGHT FORWARD
148339
182703
1586184
BALANCESCARRIEDFORWARD ￿ a4UZ&
The notes on pages 6 to 8 form part of these accounts

BAYNE BENEFAcfioN
BALANCE SHEET
AS AT 31 JULY 2022
Note
2022
2021
FIXED ASSETS
Investments
1,694,606
1,711.817
CURRENT ASSETS
CBF Church of England Deposit Fund
Cash at bank
124,525
109,622
129,904
116,479
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
NET CURRENT ASSETS
128 566
NET ASSETS
UNRESTRICTED FUNDS
General funds
Designated-
1,630,614
149.478
1,647.825
148,339
Schools
Clergy
The notes on page5 6 to 8 form part of these accounts.
These accounts have been approved and authorised for issue by the Trustees on......................................
Signed on behalf of the Trustees
sp

BAYNE BENEFAcfioN
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2022
GENERAL INFORMATION
Bayne Benefaction meets the definition of a public benefit entity under FRS 102. It is a UK
unincorporated entity with its registered office at Church House Oxford, KidlIngto￿ Oxford,
OX5 1GF.
ACCOUNTING POLICIES
The following accounting policies have been used conslstently in dealing with item5 which are
considered material in relation to the accounts..
al Basis of preparation
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Stsndard applicable
in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211, the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
bl Investments
In accordance with the SORP, investments are shown at market value. Investment income
has been accounted for on a receivable ba515.
Unreali5ed and reali5ed gains on
investments are reflected through the statement of financial a(tivitie5.
cl Grants
Grants are accounted for on a payable basis.
dl Fund accounting
General Funds are unrestrirted funds available for use at the discretion of the Trustees in
furtherance of the objectives of the charity. Designated fvnds are unrestricted funds set
aside by the Trustees for particular purFV)ses. The aim and use ol each designated fund is
set out in note 6.
GRANTS PAYABLE IN FURTHERANCE OF THE CHARITY'S OBJECTS
2022
2021
Grants to Schools
Oxford Diocesan Board of Education IODBEI
Oxford Diocesan Schools Trust IODSTI
15,300
13,900
95
Grants to Clergy in the year amounted to £7,218 less a refund of £1,80012021'. £20,034 less a
refund of £5001. These were made to 712021-. 111 individuals.

BAYNE BENEFACTION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2022 {CONTINUED
GOVERNANCE COSTS
2022
2021
Accountancy[Independent examiners. fee
Secretary
1,338
1.260
RELATED PARTY TRANSACTIONS. TRUSTEES REMUNERATION AND EXPENSES
The Irustees receNed no remuneration or expenses in either year. There were no related party
transactions in either year
FUNDS OF THE CHARITY
The trust designates all its surplus income on the general fund to either School or Clergy
funds. The ratio adopted was school three fifths and clergy two fifths.
TRANSFERS BETWEEN FUNDS
2022
2021
Unrestrirted general funds net income before investment gains
Allocated
Designated funds School
Designated fund5 Clergy
26,439
25,491
INVESTMENTS
2022
2021
Balance brought fO￿ard
Change in market value
1,711,817
1,473,066
All investments were held in the CBF Church ol England Investment Fund.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Accnjals

BAYNE BENEFACTION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2022 {CONTINUED}
ANALYSIS OF NET ASs￿s BY FUND
Unrestricted Design-
General
ated
Funds
Funds
Total
2022
Investments
Net currer)t assets
1,630,614
63.992
128566
1,694.606
128
2021
Investments
Net current 85sets
1,647,825
63,992
115219
1,711,817
21