BAYNE BENEFACTION
ACCOUNTS FOR THE YEAR
ENDED 31 JULY 2024
INDEX
Page 1-2
Trustees Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
Registered Charity No.. 203262

BAYNE BENEFACTION
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 JULY 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Charity number.
203262
Trustees..
J Chaffey
S Croft
G Elsmore
S Foot
S Pullin
D Tyler
Contact addres5'.
Church House OKford
Kidlington
Oxford OX5 IGF
Independent examiners..
Critchleys Audit LLP
First Floor, Park Central
40-41 Park End Street
Oxford OXI IJD
Investment managers-.
CCLA 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 as amended on 25 September 2024. It is an unincorporated charity.
The trustees meet bi-annually to consider applications and distribute grants.
The Trustees con515t 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 BENEFAcfioN
TRUSTEES ANNUAI REPORT
FOR THE YEAR ENDED 31 JULY 2024 (CONTINUED)
OBJECTIVES AND ACTIVITIES
The objects of the charity. which are for the public benefit are to support Clergy and Church Schools
(except for school buildings) in the L)iocese of Oxford.
The policies of the charity are:
To invite applicatlDns 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 resoL*rces, in-service training for teachers. governors and others who work in the
schools.
To maintsin 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 Ceritres in the Diocese.
Public benefit
The Trustees 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 £45,27012023= £38.0901 whith 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 income in the year amounted to £47,77912023.. £47,518) together with unrealised gains on
investments of £122,94412023: unrealised losses of £30,415).
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 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£1.723.143 as at 31 July 20241 are held to generate investment income which is
then applied in accordance with the charitys objectives.
ON BEHALF OF THE TRUSTEES
J Chaffey ITrnsteel

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
BAYNE BENEFACTION
I report on the accounts of Bayne Benefaction I'the Tr*Jst'} for the year ended 31 July 2024, which are
set out on pages 4 to 8.
Responsibllllies 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 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commissioner under section 145lSllbl 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 accoLtnting 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 requiiements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view which is not a matteT 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
Address: First Floor. Park Central, 40-41 Park End Street, Oxford, OX12EP
Date..

BAYNE BENEFACTION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024
Unrestricted
General
Funds
Deslgnated Funds
Total
2024
Totsl
2023
Note
Schools
Clergy
INCOME FROM:
Investments
Dividends received
Iriterest receivable
2b
2b
47,779
47,779
47,518
Totsl income
54
EXPENDITURE ON:
Charitable artivities
Grants to schools
Grants to clergy
Governance costs
27,180
27,180
18,090
22,740
15,350
18.090
17
Total expenditure
Nèt ¢#come before
Investment gains
50,515
127,1801
118,0901
5,245
10.118
Gains/llosses} on investment
assets
122944
41
NET INCOME
173.459
127.1801
118,0901
128,189
(20,2971
TRANSFERS BETWEEN
FUNDS
Net movement in funds for
the year
722,944
3,129
2,116
128,189
120,297)
BALANCES BROUGHT FORWARD
1600 199
155663
180287
BALANCES CARRIED FORWARD
The notes on pages 6 to 8 form part of these accounts

BAYNE BENEFACTION
BALANCE SHEET
ASAT31 JULY 2024
Note
2024
2023
FIXED ASSETS
Investments
1,787,135
1,664,191
CURRENT ASs￿s
CBF Church of England Deposit Fund
Cash at bank
140,458
138,733
145,549
140,184
CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE
YEAR
1.620
NET CURRENT ASSETS
14
NET ASSETS
VNRESTRicfED FUNDS
General funds
Designated..
1,723,143
158,792
I,fA)0,199
155,663
Schools
Clergy
The note5 on pages 6 to 8 fomi part of these accounts.
These accounts have been approved and authorised for issue by ihe Trustees on...........................................
Signed on behalf of the Trustees
'gp
J Chaffey (trusteel

BAYNE BENEFACTION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
GENERAL INFORMATION
Bayne Benefaction meets the definition of a public benefit entily under FRS 102. It 15 a UK
unincorporated entity with it5 registered office at Church House Oxford, Kidlington, Oxford,
OXS IGF.
ACCOUNTING POLICIES
The following accounting policies have been used consistently in dealing with items which are
considered material in relation to the accounts..
al Basls of preparatlon
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- Icharities SORP IFRS 10211, the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the
Charities Act 2011.
bl Investments
In accordance with the SORP. investment5 are shown at market valLse. Investment income
has been accounted for on a receivable basi5. 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
2024
2023
Grants to Schools
Oxford Diocesan Board of Education IODBE)
Oxford Diocesan Schools Trust IODST)
21,SS0
17,490
Grants to Clergy in the year amounted to £18,090 12023.. £15,350) These were made to 13
12023: 101 individuals.

BAYNE BENEFACTION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024 (CONTINUED)
GOVERNANCE COSTS
2024
2023
Accountancy[Independent examiners, fee
Secretary
Legal and Professional
1,620
1,650
900
1,500
1,500
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 FUND5
2024
2023
Unrestricted general funds net income before investment
gains
Allocated
Designated lunds School
Designated funds Clergy
30,309
28,925
INVESTMENTS
2Q24
2023
Balance brought forward
Change in market value
1,664,191
122
1,694,606
All investments were held in the CBF Church of England Investment Fund.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals

BAYNE BENEFACTION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024 (CONTINUED)
ANALYSIS OF NET ASSETS BY FUND
Unrestricted Designated
General
Funds
Funds
Total
2024
Investments
Net current assets
1.723,143
63,992
1,787,135
2023
Investments
Net current assets
1,600,199
63,992
1,664,191