## **ANNUAL REPORT** ## **AND** ## **FINANCIAL STATEMENTS OF** ## **ARCHDEACONRY OF BATH** ## **CLERICAL FAMILIES FUND** **FOR THE YEAR ENDED 31 OCTOBER 2024** REGISTERED CHARITY NUMBER 230676 **ARCHDEACONRY OF BATH CLERICAL FAMILIES FUND** ## **TRUSTEES ANNUAL REPORT** ## **FOR THE YEAR ENDED 31 OCTOBER 2024** The fund is regulated by rules adopted 27 April 1962 as amended 12 November 1980 as amended on 18 Jun 2020 as amended on 3 Sep 2020. The fund was registered as a charity in 1964, number 230676. The principal office of the charity is Flourish House, Cathedral Park, Wells, BA5 1FD ## **Objectives & Activities** The objectives of the fund are the relief of: - any financially needy clergy and their families licensed or with permission to officiate from the Bishop of Bath and Wells within the Bath, Chew Magna, Locking, Midsomer Norton and Portishead Deaneries - any financially needy clergy and their families residing within the said Deaneries - any financially needy widows, widowers or partners, along with their children, of deceased clergy, who before they died were last licensed in the said Deaneries - any financially needy former spouses or partners, along with their children, who immediately before the relationship broke down, were the spouses or partners of clergy who were licensed in the said Deaneries. The activities are that the trustees paid out grants in accordance with the objectives. |**Trustees (Management Committee)**|**– Ex-officio**| |---|---| |The Archdeacon of Bath:
|The Venerable Dr Adrian Youings (until 30 June 2024)| |The Archdeacon of Bath:
|The Venerable Charles Peer (from 1 September 2024)| |The Area Dean of Bath:|The Revd Stephen Girling (until 3 September 2024)| |The Area Dean of Chew Magna:
|The Revd Ian Mills| |The Area Dean of Locking:
|The Revd Andrew Hemming (until 1 January 2025)| |The Area Dean of Midsomer Norton:|The Revd Matthew Street| |The Areal Dean of Portishead:|The Revd Astrid Tiesema-Samsom| |The Area Dean of Portishead:
|The Revd Robert Eastwood Dewing| All trustees are appointed ex-officio in accordance with the funds rules. ## **Financial Review** Total receipts for the year, including investment income, were £80,612 compared to £161,397 in 2023. £13,893 was paid out in grants and professional fees (2023: £15,997) which left an excess of receipts over payments for the year of £66,719 (2023: £145,400). The assets of the charity are represented by bank balances of £230,313 and Central Board of Finance investments with a market value at the year end of £410,225. **ARCHDEACONRY OF BATH CLERICAL FAMILIES FUND** ## **TRUSTEES ANNUAL REPORT** ## **FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Reserves Policy** Reserves are held to generate income for the charity and this income is the primary resource for the charity’s expenditure, but not exclusively so. ## **Public Benefit** The trustees have complied with their duty to have due regard to the guidance on benefit by the Commission in exercising their powers or duties. ## **Achievements & Performance** A total of 62 grants were paid out in the year to eligible beneficiaries, compared to 45 in 2022/23. ## **Statement of trustees’ responsibilities** The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. These financial statements were approved by the board of trustees and authorised for issue on ……………………………………… and are signed on behalf of the board by: 22 May 2025 The Revd Matthew Graham Street Trustee ………………………………………………………………….. The Venerable Charles Peer Trustee …………………………………………………………………… **ARCHDEACONRY OF BATH CLERICAL FAMILIES FUND** ## **TRUSTEES ANNUAL REPORT** ## **FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Independent examiner’s report to the trustees of Archdeaconry of Bath Clerical Families Fund** I report to the trustees on my examination of the accounts of Archdeaconry of Bath Clerical Families Fund for the year ended 31[st] October 2024. ## **Responsibilities and basis of report** As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Charity’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 Commission under section 145(5)(b) of the 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: - accounting records were not kept in respect of the Charity as required by section 130 of the Act; or - the accounts do not accord with those records; or 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. Joshua Kingston, ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR Date: ………………………… 22 May 2025 **ARCHDEACONRY OF BATH CLERICAL FAMILIES FUND** **FOR THE YEAR ENDED 31 OCTOBER 2024** ## **RECEIPTS AND PAYMENTS ACCOUNTS** |**STATEMENT OF FINANCIAL ACTIVITIES**|**Unrestricted Funds**|**Unrestricted Funds**| |---|---|---| |**For the year ended 31 October 2024**|**2024**|**2023**| ||**£**|**£**| |**Income and endowments**||| |Donations and legacies||| |Legacy|63,150|150,000| ||_______|____| ||63,150|150,000| |Investment income||| |CBF Investment Fund dividends|10,968|10,848| |CBF Property Fund dividends|290|288| |CBF Deposit Fund interest
|223|158| |Current account notional interest|5981|103| ||_____|_____| ||17,462|11,397| ||_____|_____| |**TOTAL RECEIPTS**|**80,612**|**161,397**| |**PAYMENTS**||| |**Expenditure**||| |Grants paid|13,065|14,743| |Accountancy fees|828|1,254| |CIO Insurance|-|-| ||_____|______| ||13,893|15,997| ||______|______| |**NET RECEIPTS (PAYMENTS)**||| |**Surplus of expenditure over income**|66,719|145,400| |Cash funds 1 November|163,594|18,194| |Cash funds 31 October|**230,313**|**163,594**| **ARCHDEACONRY OF BATH CLERICAL FAMILIES FUND** ## **AS AT 31 OCTOBER 2024** ## **STATEMENT OF ASSETS AND LIABILITIES** **______________________________________________________________________** |||**Total Funds**|**Total Funds**| |---|---|---|---| |||**2024**|**2023**| |||**£**|**£**| |**Cash Funds**|||| |Current account||225,888|159,392| |CBF Deposit Fund||4,425|4,202| |||______|_____| |||230,313|163,594| |Investment assets|||| |2,306.15 Central Board of Finance Investment Fund shares 404,871|||361,602| |4424.39 Central Board of Finance Property Fund shares 5,354|||
5,452| |||_______|_______| |||410,225|
367,054| |||_______|_______| |||______|______| |Liabilities||912|840| |||______|______| |**Cash Fund balances at 31 October**|**2024**|**230,313**|**163,594**| |||**======**|**=======**| |Signed on behalf of the trustees on ……………………………………………..
22 May 2025|||| |The Revd Matthew Graham Street|||| |Trustee|…………………………………………………………||| Audit Trail ## **Document Details** |**Title**
Accounts for signature|**Title**
Accounts for signature|| |---|---|---| |**File Name**
AOB|2024 Accounts Final .pdf|| |**Document ID**
9903dbfa2d9d430492c07eb2abf7b490||| |**Fingerprint**
821f89cb7acb32f89250ee17ce04565b||| |**Status**
Completed||| |**Document History**||| |**Document Created**|Document Created by Karen Chelton (karen@burton-sweet.co.uk)
Fingerprint: 01a50642f10cd93a9e8408b7392afd8a|May 13 2025
07:34AM UTC| |**Document Sent**|Document Sent to Charles Peer (adbath@bathwells.anglican.org)|May 13 2025
07:34AM UTC| |**Document Viewed**|Document Viewed by Charles Peer (adbath@bathwells.anglican.org)
IP: 104.47.85.126|May 19 2025
08:16AM UTC| |**Document Viewed**|Document Viewed by Charles Peer (adbath@bathwells.anglican.org)
IP: 82.32.242.220|May 19 2025
08:16AM UTC| ||Document Signed by Charles Peer (adbath@bathwells.anglican.org)|| ||IP: 82.32.242.220|| |**Document Signed**||May 19 2025
08:18AM UTC| |**Document Sent**|Document Sent to Matthew Street (matthew.street@stjsgroup.church)|May 19 2025
08:18AM UTC| |**Document Viewed**|Document Viewed by Matthew Street (matthew.street@stjsgroup.church)
IP: 178.248.135.35|May 19 2025
10:40AM UTC| ||Document Signed by Matthew Street (matthew.street@stjsgroup.church)|| ||IP: 178.248.135.35|| |**Document Signed**||May 19 2025
10:42AM UTC| |**Document Sent**|Document Sent to Joshua Kingston (josh.kingston@burton-sweet.co.uk)|May 19 2025
10:42AM UTC| |**Document Viewed**|Document Viewed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)
IP: 185.249.213.98|May 20 2025
02:10PM UTC| |---|---|---| ||Document Signed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)|| ||IP: 185.249.213.98|| |**Document Signed**||May 20 2025
02:11PM UTC| |**Document**|This document has been completed.|May 20 2025| |**Completed**|Fingerprint: 821f89cb7acb32f89250ee17ce04565b|02:11PM UTC| ||||