BAYNE BENEFACTION
ACCOUNTS FOR THE YEAR
ENDED 31 JULY 2023
INDEX
Page 1-2
Trustees Annual Report
Independent Examinerfs Report
ststement of Financial Activities
Balance Sheet
Notes to the Accounts
Registered Charity No: 203262

BAYNE BENEFACTION
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 JULY 2023
REFERENCE AND ADMINISTRATIVE DEtAILS
Charity number.
203262
Trustees..
J Chaffey
S Croft
G Elsmore
J French (until 30.9.221
S Foot (from 1.7.231
S Pullin
D Tyler (from l.10.22}
Contact address..
Church House Oxford
Kidlington
Oxford OX5 1 GF
Independent examiners-.
Critchleys Audit LLP
Beaver House
23-38 Hythe Bridge Street
Oxford OX12EP
Investment manager5=
CCLA Investment Management Limited
Senator House
85 Queen Victoria Street
London EC4V 4ET
STRUCTURE. GOVERNANCE e4 MANAGEMENT
The charity is 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, Buckingham, Dorchester and Oxford.
The trustees are serviced by a Secretary who collects applications and processes them in readiness for
consideration.

BAYNE BENEFACTION
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 JULY 2023 (CONTINUED)
OBJEcfivES AND ACTIVITIES
The objects of the charity, which are for the public benefiL are to support Clergy and Church Schools
(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 religious education in Church Schools through the
provision of resources, in-service trainin9 for teacheis, governors and others who work in the
schools.
To maintain Diocesan links with all Diocesan Schools & support 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.
Public benefit
The Trustees have complied with the duty within the Charities Act 2011 to have dLte regard to the
public benefit guidance published by the Charity Commission.
ACHIEVEMENTS AND PERFORMANCE
The trustees distributed grants amounting to £38.09012022= £30.7181 which are analysed in note 3 of
the accounts.
FINANCIAL REVIEW
All investmerbts are held in the CBF Church of England Deposit Fund and are presently managed by
CCLA Investment Management ￿rnited.
Investment income in the year amounted to £47,518 12022.. £46,903) together with unrealised losses
on investments of £30.41512022'. unrealised losses of £77,211).
Designated 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 le55 than three fifths.
Clergy are to receive nol 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.
ReseNes
The remaining funds1£1,630,614 as at 31 July 2023) are held to generate investment income which is
then applied in accordance with the charity's objectives.
ON BEHALF OF THE TRUSTEES
5pM
J Chaffey (Trusteel

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BAYNE BENEFACTION
I report on the accounts of Bayne Benefaction I'the Trust'l for the year ended 31 July 2023, which are
set out on pages 4 to 8.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 I'the Act'l.
I report in respect of my examination of the Trustee's accounts carried out under section 145 of the
2011 Art and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commissioner under section 14515)Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
111 accounting records were not kept in respect of the Trust as required by section 130 of the ACL or
121 the accounts do not accord with those records,. or
131 the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2(X)8 other than any
requirement that the accounts give a 'true and fair view, which 15 not a matter considered as part
of an independent examination.
I have no concerns 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: Critchleys Audit LLP
Relevant professional body: Institute of Chartered Accountants in England and Wales
Addre￿ Beaver House, 23-38 Hythe Bridge Street. Oxford, OX12EP
Date: 12 December 2023

BAYNE BENEFAcfioN
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2023
Unrestrlrted
General
Funds
Designated Funds
Total
2023
Total
2022
Nole
Schools
Clergy
INCOME FROM:
Investments
Dividends received
Interest feceivable
2b
2b
47,518
47,518
690
46.565
338
Total income
EXPENDITURE ON-.
Charitable activities
Grants to schools
Grants to clergy
Governance costs
22,740
22,740
15,350
25,300
5,418
15.350
Total expenditure
41
Net Income before
investment gain5
48,208
122,7401
115,3501
10.118
13,347
Gains/llossesl on investment
assets
NET INCOME
17,793
{22,740}
115,3501
120,2971
13,8641
TRANSFERS BETWEEN
FUNDS
Net movement in funds for
thè year
130.4151
6,185
3,933
120,3971
13.8641
BALANCES BROUGHT FORWARD
1630 614
0 1823172
27
BALANCES CARRIED FORWARD
The notes on pages 6 to 8 form part of these accounts

BAYNE BENEFACTION
BALANCE SHEET
AS AT 31 JULY 2023
Nole
2023
2022
FIXED ASSETS
Investments
1,664,191
1,694,606
CURRENT ASSETS
C8F Church of England Deposit Fund
Cash at bank
138.733
124,525
140,184
129,904
CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE
YEAR
NET CURRENT ASSETS
NET ASSETS
UNRESTRICTED FUNDS
General funds
Designated..
1.600.199
155.663
1,630,614
149,478
Schools
Clergy
The notes on pages 6 to 8 form part of these accounts.
1(-12-13
These accounts have been approved and authorised for issue by the Trustees on...........................................
Signed on behalf of the Trustees
PM
J Chaffey (Tnjsteel

BAYNE BENEFACTION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
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, Kidlington, Oxford,
OX5 1GF.
ACCOUNTING POLICIES
The following accounting policie5 have been used consistently in dealing with items 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 Standard applicable
in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 1021). 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 basis. Unrealised and realised gains on
investments are reflected through the statement of financial activities.
cl Grants
Grants are accounted for on a payable basis.
dl Fund accounting
General Funds are unrestricted funds available for use at the discretion of the Trustees in
furtherance of the objectives of the charity. Designated funds are unrestricted funds Set
aside by the Trustees for particular purposes. The aim and use of each designated fund is
Set out in note 6.
GRANTS PAYABLE IN FURTHERANCE OF THE CHARITY'S OBJECTS
2023
2022
Grants to Schools
Oxford Diocesan Board of Education IODBEI
Oxford Diocesan Schools Trust IODSTI
17.490
15,300
Grants to Clergy in the year amounted to £5,35012022.' £7,218 less a refund of £1.8QJl. These
were made to 1012022: 71 individuals.

BAYNE BENEFAcfioN
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023 ICONTINUEDI
GOVERNANCE COSTS
2023
2022
Accountancyfindependent examiners. fee
Secretary
1,500
1,338
RELATED PARTY TRANSACTIONS. TRUSTEES REMUNERATION AND EXPENSES
The trustees received 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
2023
2022
Unrestricted general funds net ir¢come before investment
gains
Allocated
Designated funds School
Designated funds Clergy
28,925
6,439
INVESTMENTS
2023
2022
Balance brought forward
Change in market value
1,694,606
1,711,817
211
All investments were held in the CBF Church of England Investment Fund.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Accruals

BAYNE BENEFAcfioN
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023 ICONTINUED)
ANALYSIS OF NET ASSETS BY FUND
Unrestricted Designated
General
Funds
Funds
Totsl
2023
Investments
Net current assets
1,600.199
63.992
1,664.191
138684
2022
Investments
Net current assets
1,630,614
63,992
1,694,606
12