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POOR VICARS. CHARITY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

POOR VICARS. CHARrrY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
The Archblshop of Canterbury
The Bishop of Ely
Bishop of Huntingdon
Bishop of Dover
Ivacantl
(vacant)
Charity Number
286091
Principal Add￿8
Eth8ldreda House
206 Lancaster Way Business Park
Ely
Cambs
CB6 3NX
ndgpendenl Examiner
G.M.D.Day FCA DChA
Chater Allan LLP
7 Quy Court
Collier8 Lane
Slow￿GUM-QuY
CB25 9AU
Solicitors
Lee Bolion Monier-Willlam8
1 The Sanctuary
Weslmin81er
London
SW1 P 3JT

POOR VICARS. CHARITY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Contgnts
Pages
Trustse8' Report
Independent Examine¢s Report
statgm¢nt of Financi￿ Activf(ies
Balance Sho01
Note810 the financlal statements

POOR VICARS. CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDEO 31 DECEMBER 2024
The Trustees present the charitys accounts for the year ended 31 Decemb8r 2024.
Structure, Governance and Management
The Charity is an unincorporated, gr8nt maklng charity eslabllshed by Act of Parllament. There are two
designatsd trustees., The Archblshop of Canterbury and the Bishop of Ely. In the ongolng vacancy of the
Office of Bbshop of E5y. thg posion is flled by Rt Revd Dagmar Wlnlgr. Bishop of Hunlingdon, who Is
da81gnaled to undertaka tho duties of Ihg offieè of tho B18hop of Ely by an Instrument of Delegation.
Under a Diocesan Deed ofAulhority, The Rt Revd Rose Hud80n-Wilkin, Bishop ol Dover undertakes the
dulles of the Archblshop of C8nterbury In the trustee body. Following the resIgna￿on, In January 2025, of
The Most Revd Jusfjn Welby as Arehblshop of Canterbury, the See is also vacant.
The trustees meet annualty lo consider grant appllcalions recelved,. lo review pollci88 and procedures Sn
line wlh recognised best praCt￿e for the Charity and lo review reports of how previous gr8nts hav9 b¥èn
expende(L
The Trusteas revlew all polScy guidelln&s on an annual basls and make changes whenever neccessary.
The Trustee8 are aware of and have due regard for the guidance produced by the Charlty C¢JmmS$8lon
regarding PulAic Bengr
Objectlves and Actlvltlas
The princip81 objective of the charty 18 lo provide linan¢Tal 3upport for 10 poor prlest$ In thè Dlocèso of
Canterbury and 10 poor pr16Sts In the Dlocese of Ely as adirised and requested by the respeclve
Diocesan Bishops. Through that lo promote and assist with the work and purpose ol the Church of
England, for tho 8dvan¢emenl of tho chrlsllan faith in the D50￿$e of Canterbury and the Dlocese of Ely
and beyond. The trustees believe that in being able to alleviate the stress and personal pressures
brought about by reduced income leve16, they are assisllng the individual priests lo focus on th8lr
vocatron serwng not onty those who regularly atter￿ church servrEs and activitie8 bui the wder publlc In
Ihebr parfjshe*
Grant maklng pollcy and procedure
Tha Trustse8 alm to d181rl￿tO all the avall8bl& In¢omg In any y08r evenly botweèn the Iwo benef￿LaTIeS.
In the Current year tha Iru8tee8 hav8 been able draw some funds lo incrtrastr tho level of grants p8ld
above the annual investment income level. This is an exceptional event and not one th81 wll be r0P90ttsd
r8gul8rly.
A¢hlov•monts and Pttrforman¢•
The trustees were abla to malnlaln th8 provlsion for grants to each BSshop in the year. sin￿ ellecting the
change in asset class ol Ihe charivs endowment the Trustees have been able lo increase the real value
ol the 885el ba88.
Th$ trustsès boligvg Ihls VAII provlda a strong platfom to allow tha charty to continue to be responsive to
demands on its recource8 In years to corne.

POOR VICARS. CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal revl•w
The yearwa$ ch8ra¢tert3ed by contlnulng volatlltty refledng globalfears con￿M$ about Inflallon and general trade
condliions. Over the Pertod fi'nanclal markets fluctuated Sign￿lcantlY but c105ed the ygai marglnally highgr than the 1 January
2024 18vg1. Th8 iolal Income r8coived In the y8ar Incr8a$ed. The tru$tse$ w9r9 able to Increase level of grani8 dlstrfbuted
durfng the year. In tho fvturt, any $uwplu$ funds In any one year will be tetalned and offered by truste68 06 top UP Grants In
8XC8plion81 circumslartce8 or retainad for future Inv88tm8rt
R8sarv8s Polley
The Chartly b bestowed wllh a pem)anenlendowment whlch 5$ Invested to produ¢0 an annual flow of Incom8. From Ihls th8
Trusteos ara authori5od to makg ￿U$l grant8 lo pwr ￿Gar¥ In th8 Dioceses of both Canl8rbury and Ety. Tho Trustees alm to
dlstribute the available net Income In eath yèar. It18 recognised how6v6r that In 80me years It wlll not be necessary to
dlstributs entlre net Income eamed In the year. In su¢h Instsn¢es, any operatlny surplus wlll be retalned In a separate
unrestdclod fund and relnvegled lo produce addltlonsl contrlbutSon to the annual Inveslm8nt Incom• achlevabb.. at the yaar
end thls storM18t £69,088.
The Tru8tee$ wlll revlew the level of re$eNe$ on an annual bas15.
Invastment Pollcy
The financial ewectfve of the Charfty is to at least maintaln Ihe'real valu8° of its capllal a88ets, whll81 generating a stabl& and
8u$lalnablg In¢ome r6tum lo fulfll th8 Chartty's grant maklng obllgallons. The Charfty supports beneflclar18s￿lh1n tha Church
of England. The Trustees mlndful ofthe statements and recommendations Issued by the Church tsf England Ethlcal
Advisory Group. Investments are pla￿d Into mullE-a$set Common Inve$tmentlunds.
The Chadty Geeks to produce the best financlal retum withln an acceplablo level olrf$k. The Charlty$ Inv8$lmenloblectlve
18 to grow capltal at 8 r* hlgherthan Inffauon las d8flned In thg retsll prfce Indgx) and malnlaln 8 81ablg. growlrvj Income
Stream.
Thg Charity invasts to r8duce the potential risk te It5 capltal endowm8nl of the effect5 of long lemi infi4tion. CapitHI and
Incom8 vol8￿lItY Can be tolaratsd K It Is In Ilng wlth expectsfjons. The Tru6t as$ots are dlver$thed through Invg8tm8nt In rnulu.
assot, common Invastmentfunds.
Th8 Ch8rity di51ribute8 Incom8 annually. The Ch8rty Is able to or 8ell unlts In the common Inve$lmenlfun4 on a we&kly
basss wlth s&ttlementafter four buslness days. fme horfzon-th6 Charfty's ca ￿tal Is ponnanent ondowment. It ther8for8
adoptB a long term Inve8tmant11rn6 horlzon.
Th9 Ch8rfty'8 a3$8t value and Income13 monltored halfyearty by th& Ghartty Sacrelary. The Trustee8 review the
Investment performance of the ccmmon investsnenl fund against Its paers and the inveslrnentobjEcllve Dn an annual bos1¥.
Th1$ Investment pollcy stslementwas prepargd to provldg a framework lor Ihg management of the PoorMcaf$ Charfty'6
Investment as$o1s. Itwlll b8 rewewed on an annual bas1$ lo enyuio conlnuing approprfatenesB.
Plans for the Future
Th8 Tru5tee8 8im to continue to offer direct support to bgngficiaries. Recent recomend8d Increases in th8 18V61 of aver8ge
Sllpend$, Combined wllh a recomendatlon for an Increase of 10.7% In thts supend level fof Sprlng 202e, has helped lo ease
Trust68s concerns about sUp8nd 'valu95 d8crea8ing. Whlle thg 811pend r8mains mod891 a slgnlflcant Increas8 In Aptll wlll
help it m8inlain Sts spgnding power, partlcularly a8 Infi8llon falls back towards Bank of England larg8t8. The Iru8ts0s wlll
continue to mi)nitor this situation ¢k￿ely. The trustees, goal is to b8 able lo conttnu8 to prowd8 grants lo clergy to augment
8llpend paym&nl$ where ngccessary to relleve stressos caused by flnandal Issu6$. Through Ihls It 1$ hoped that prfe$l$ wlll be
&blg lo battarfocus on th61rv(Kadonal commttm8nt to th8 advanc8m8llt of rèl(qk)u8 fglth through thè dlrect mln16tering to both
congregation and Ihewder lay communltywllhin Ihelr curn of souls.
Slgne
behaifof the Trustees
The Bishop
Huntingdon
2025
l¥ *lt¥Mb

POOR VICARS. CHARITY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report lo the charity Irust¢os on my examination of the accounts of the charty foT the ye8r
ended 31 December 2024, which are set out on page8 410 9.
Re$ponslbllltlgs and basls of report
As the charitys trustees you are responsiblo for the prgparation of tho accounts in accordance
with the requirements of the Charities Act 2011 {Th8 Acll
I report In respect of my examlnalion of the charity's accouTrts carrfed out under 8ection 145 of
th@ Act and In carrying out my gxamination I havg followfjd all the applic8ble Directions glven by
the Charly Commission under section 145{51{bl of the ACL
Independent èxaminerfs statement
I have completed my examination. I confirm that no material matters have come to my attention
In connection with the examination gi￿ng me cau88 to beliove that in any malorial respect..
accounting ￿CordS were not kept in resp8cI of the charity as required by section 130 of the
Act.. or
2. the accounts do not accord with thise rocords., or
3. the 8ccounts do not comply with the applicable requiromenls concerning Ihe fom and
content of accounts set out In thè Charities {Accounts and Report8) Regulations 2008 olhgr
than any requirement that the accounts give a 'lrue and fair view, which is not a matter
considered as part of an independent examination.
I have no concems and have come acr088 110 other matter in connection with the examinatkjn
lo which attention should be drawn in this report in order to en8ble a proper under8t8nding of
Ihg accounts to b8 reached.
Graham Michael David Day FCA, DChA
Chater Allan LLP
Beech House
4a Newmarkot Road
Cambrid
CBS 8Df'
? 2025

POOR VICARS. CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrostrlctod Endowmont
Fund
Funds
Total
2024
Total
2023
Note
Incomlng from
Investments
43.373
43,373
42,129
Total Incomg
43,373
43,373
42,129
Expendlturo on
Ch8rilabl8 activiti08
45,540
45,540
40,540
Total Expendlture
45.540
45,540
40,540
Net Incomel{expendlturol befor& galn8111088e81
on Investments
(2.1671
12,1671
1,589
Galnslllo888sl on inve81ments
357
64.270
64,827
160.926
Not Incomel(expendlturel
(1,8101
64,270
62,460
162,515
Transfor bgtween funds
Not movgm•nt In funds
{1,8101
64,270
62,460
162,515
Fund Balances at 31 December 2023
70.878
1,494,959
1.565,837
1,403.322
Fund Balancfy8 at 31 Do¢gmbgr 2024
69,088
1,559,229
1,628,297
1,565,837
The Charlty's incomlng re80urce8 and nel movement In fund8 relate to contlnulng actlvhle8.

POOR VICARS. CHARITY
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
INVESTMENTS
1,549,259
1,484,632
CURRENT ASSETS
Debtor8 and prepayments
CCLA depostt fund
10.828
72,286
83,114
10,864
74,417
85,281
CURRENT LIABILITIES
Creditors due within one year
4,078
4,076
NEf CURRENT ASSETS
79,038
81,205
TOTAL ASSETS LESS CURRENT LIABILITIES
1,628.297
1,565,837
FUNDS
Endowment
1.559,229
1.494,959
Unrèslrlcted
69,068
70,878
1,628,297
1,565,837
The accounts were approved on..
29 July 2025
Tho Bisho
TruBt88
Hunlingdon

p¢)OR VICARS, CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
1.1 8asl$ ot prO￿ratIon
The financial 8lalements hav9 been prfyp4red undèr thè hlstorical cost convention except for inve81ments,
which are included at market value. and in accordance ￿th FRS 1￿2 'Th8 Finan¢lal Reportlng Standard
applicable in the UK and Republlc of Ireland 8nd tho Slalem$nl of Recommended Praclice 'Accounting and
Reporting by Chartties FRS 102120191.
1.2 Golng concern ba818
The Tru8tse8 consider that the yoing con¢ern bas1$ 1$ approprfAl6 as Ih&y conslderthe reseTves levels
and ￿pÈctèd Invoslment Income to be at sufflclent levels to ensure that the Trustees can me91 Ihelr
flnancial obligations for the next 12 10 18 rnonlhs and on that basis the Ch8rily18 a golng concem. In
arrfving 8t thi8 condusion th& Tru$le&s have consldered the potenlgl impact of the current global
pandèmlc known as COVID-19.
1.3 Flnan¢lal Roportlny Standard 102- mdu¢eil dl$¢losur• ox¢mptlons
Th& TruytO08 havo taken advantage of Ihg followlng dlsdosur6 &x8mpllon In preparing these financlal
stalemenis, as permttted by FRS 102..
- the requlremenl of Section 7 Slal8ment of Cash Flow3.
1.4 Income
All incoming re3oU￿3 are included In the Statement of Fln8nclal Aetlvitses ISOFAI ￿en the Board 18 legally
8n11116d to them as Income or capltal respedlvely, ultlmate recelpt Is reasonably certain and tha amount to bg
recognised can be quantlfied with reasonable accura￿.
1.6 Re80urce6 expended
Expenditure is included on the accruals ba813 and has been clasg1118d under headlngs that aggregate all c081s
related to th9 SOFA Category.
Grants payable are charged in the year when the offer 18 conveyed to thè reclpient except in those cases vthere
th6 offer 16 cOndI￿onal on the redplonl satisfying perfomiance or other dIsCre￿onary requirgmgnls to thg
satisfaction of the Trustees, such grants being recKJgnised as expendrf(ure whon the ¢ondlUong Attaching are
lfilled. Grants offered sublecl lo such condits'onB which have not beon m81 al tho year ond are noted as a
commitmgnl, bul not a¢cwed as oxpènditur&.
1.6 Investments
Investments are Included al market value.
1.7 Taxatlon
The Trust 16 a Teglslered chartty In Ihe Unrted Klngdom and no lax&llon18 pay8ble on118 Incomo.
Unrestricted Endowm•nt
lund8
fund$
Totsl
2024
Total
2023
Inve8tment Incom•
Dlvldend income
Intere$l recelvBble
39,388
3,985
39,388
3,985
38,530
3.599
,373
43,373
42,
29

POOR VICARS, CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE Y&4R ENDED 31 DECEMBER 2024
EXPENDITURE ON GHARITABLE ACTIVITIES
A¢tlvltT•$
Undertaken
Dlrectly
Grants
payablo
Support
Costs
Total
2024
Total
2023
Relief of povety
45,000
$40
45,540
40,540
45,000
540
45,540
40,540
4 SUPPORT COSTS
Total
2024
Total
2023
Gov&mance costs..
Independent Examinerfs fee
TnJ$te6$' 8XP8ns?g
540
540
54
540
5 TRUSTEES
Durlng the year trustees reeeNed expenses totalllng £nll {2023.' £nlll.
6 INVESTMENTS
Unr•8trlct•d Endowment
Inv&Btments Investments
Total
Marketvalue a8 at l January 2024
11.817
1.472.815
1,484,632
Aildlllon8 In year
Dl$posal8 In year
Revaluallon In year
367
84,270
64,627
Marknt value as at 31 Dgcember 2024
12,174
1,S37,085
1,549,25g
In￿s￿d In:
Central Board of FIn8n￿ {CCLAI
Flxed Inlore8t securltles fund
Investment fund
Global fund
12,174
719,184
817,901
1,537,085
12,174

POOR VICARS. CHARITY
NOTE8 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEPJtBER 2024
DEBTORS
Total
2024
Total
2023
Other debtor5
Accrued In¢omg
Prepayments
10,828
10,e66
10,828
10,886
CREDITORS: AMOUNTS FALLING DUE VVITHIN ONE YEAR
Total
2024
Totsl
2023
Other crod6tor8
Accruals and deferred income
3,5
480
4,076
3,596
480
4,076
ANALYSIS OF NET ASSETS BEfwiEEN FUNDS
Investmonts N&t Gu￿O￿t
assets
Total
2024
Total
2023
En(k)wmenl fund
1,537.085
22.144
1.559.229 1.494.959
Unrestricted funds
12,174
56,894
69,068
70.878
1.549.2S9
79,038
1.628.297
1,565.837
10 FUNDS
Endowment fund
The endowment fund Is o p&m)anent gndowmonl fund currently Inveslod In CCLA Investment and
global fund unS1s, the Inc£)me of whl¢h18 lo be u8ed lo provide finandal supportfor 10 poor vicars
In the Dloe&se of Canl&rbury and 10 poor vicar8 In the DSoc88e of Ely.

POOR VICARS. CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Comparatlves for the Statement of Flnanclal Actlvltles
Unrestrfcted
Fund
Endowment
Funds
Total
2023
Note
Incom¢ from:
Investments
42,129
42,129
Total Income
42,129
42,129
Expendlture on:
Charilablo activili¢s
40.540
40,540
Total Expendlture
40.540
40,540
Net Incomelloxpendlture} bofora galnsl{losses)
on Investments
1,589
1,589
Gainslllosses) on Inv8stm8nls
625
160,301
160,926
Net in¢om91{oxpendlturn>
2,214
160,301
162,515
Tran8for betwogn fund
Not movgmgnt In fund$
2,214
180,301
162,515
Fund Balances at 31 DecembeT 2022
68,664
1,334,658
1,403.322
Fund Balances at 31 December 2023
70,878
1,494,959
1,565,837