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| nodesignatedorrestrictedfunds.lncome aritywithoutrestriction. costs |
and cap | ital may |
|---|---|---|
| 2024 | 2423 | |
| Advertising and Publicity | 127 | 622 |
| DepreciationofOffice Equipment | 0 | 0 |
| Otfice Expenses | 1255 | 229 |
| Travel & Subsistence Expenses | 725 | 746 |
| Bank andfinancial charges | 120 | 125 |
| Legal costs | 660 | 0 |
| Governance costs: independent examiner's fee | 1192 | 1096 |
| 84,079 | f2,818 |
| btors | 84,079 f2 |
,818 |
|---|---|---|
| 2024 | 2023 | |
| Legacy receivable | 524,2U | 0 |
| et lnvestment | |||
|---|---|---|---|
| ln by marketvalue: |
2024 | ||
| Giltsandfixed interest stock | 18,330 | 0 | |
| Equities including investment trusts | 561,104 | 602,179 | |
| CashatStockbroker | 14,376 | g,2R | |
| CBF Fixed lnterestFundincome units | 0 | 0 | |
| CBF lnvestment Fund income units | 290,329 | 283,832 | |
| OBF PropertyFund units | 27,023 | 27,297 | |
| €911,161 | 8922,550, | ||
| tn duringtheyear: |
2024 | 2A23 |
|
| Market valueatbeginningofyear | 922,550 | g1g,g2g | |
| Acquisitionsatcost | 102,312 | 0 | |
| Less: sale proceeds | (113,485) | 0 | |
| Gains/(losses)oninvestment assets | (5,34e) | 10,679 | |
| lncrease(decrease)incash at stockbroker | 5,133 | (6,956) | |
| Market valueat endof year | f911,161 | €922,550 |
| ofcashflow | ||
|---|---|---|
| 2024 | 2023 | |
| 'Net income per Statementof | I | t |
| FinancialActivities | 522,O52 | 13,264 |
| less:investment income | @4,69n | (43,167) |
| Investment gains/losses | 5,349 | (10,678) |
| lncrcaseindebtors | (524,161) | 362 |
| lncreaseincreditors | 132 | 50 |
| Nefcashfrcmoperatingactivities | (41,326) | (40,169) |
| lnvestingactivities | ||
| Purehaseof investments | (102,312) | 0 |
| Salesof inve$tments | 113,496 | 0 |
| lnvestment income | 44,697 | 43,167 |
| Nef cashframinvesting acfivrties | 55,871 | 43,167 |
| lncreaseinmsh intheyear | 14546 | 2,ggg |
| Cash broughtfonrvard | 76,024 | 73,026 |
| Cashcanied forward | 90,569 | 76,A24 |
| Split of cash | ||
| Cash atstockbroker | 14,376 | 9,243 |
| CBF DepositFund | 65,700 | 62,700 |
| Cashat bank | 10,493 | 4,091 |
| Tdatcashcarriedtomad | 90,569 | 76,024 |
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE ENGLISH CLERGY ASSOCIATION BENEFIT FUND
I report to the trustees on my examination of the accounts of The English Clergy Association Benefit Fund for the year ended 31 December 2024.
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(‘the Act’).
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 145(5)(b) of the 2011 Act.
Independent examiner’s statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Institute of Chartered Accountants in England and Wales.
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:
-
(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
(2) the accounts do not accord with those records; or
-
(3) 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 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 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 FCA Name of firm: Gravita Audit Oxford LLP
Relevant professional body: Institute of Chartered Accountants in England and Wales Address: Park Central, 40-41 Park End Street, Oxford, OX1 1JD
Date: 15 October 2025