CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From: 1 Sep 2020 To: 31 Aug 2021 Period start date Period end date Charity name: Bristol Cathedral Choral Foundation Charity registration number: 270373 Objectives and Activities SORP ref8rence Summary of the purposes of the charity as sel out in its governing document Para 1.17 As a matter of policy, grants are currently made only to the Dean and Chapter of Bristol to support the Choristers and the Choral Tradition. The Foundation receives donations from individuals and organisations and invest them in order to pay grants to cover the costs of the Choristers and other costs relating to the choir and the Cathedral. Summary of the main activities in relalion to those purpos8s for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17and 1.19 Statement confirming whether the trustees have had regard to the guidan issued by the Charily Commission on public benefit Para 1.18 The Trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. Additional information loptional} You ma choose to include further statements where relevant aboul.. 8ORP reference As a matter of policy, grants are currently made only to the Dean and Chapter of Bristol to support the Choristers and the Choral Tradition. Policy on grant making Pard 1.38 Policy on social investment including program related investment P8ra 1.38 Contribution made by volunteers Para 1.38 Other
Achievements and Performance SORP reference Summary of the main achievements of the charity, identifying Ihe difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. The Foundation receives donations from individuals and organi5ation5 and invests it in order to pay grants to cover the costs of the Choristers and other costs relating to the choir and the Cathedral. Para 1.20 Additional information (optionall You ma choose to include further statements where relevanl about: Achiev6menls against objectives set Para 1.41 Performance offundraising activilies against objectives set Para 1.41 Investmeni performance against objectives Para 1.41 Other
Financial Review Review of the charity's financial position at the end of the eriod Statement 8xplaining the policy for holding reserves stating why they are held Para 1.21 The Charity had net receipts of £11,196 during the year. Para 1.22 The Trustees aim to maintain reserves at a level which, taking into account anticipated future income, will match the requirement for grants in the future. The Charity held reserves of £1,559,660 at the year end. Nla Amount of reserves held Para 1.22 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charily continuing as a going concern Para 1.22 Para 1.24 None P8r8 1.23 Nla Additional information {optional) You ma hoase to include further slalements where relevant about.. The charity s principal The charity receives funds from individuals and sources of funds (including organisations with a specific interest in choral any fundraising) worship. Para 1.47 Investment policy and objectives including any social investment policy adopted Investments are currently only made with the Central Board of Finance of the Church of England Funds. Investments are allocated so as to continue the support of grants which allowing some growth. The key risk to the Charity is the inability to pav grant5 as it has in the past. Grants to Dean and Chapter are made on an annual ba515 in accordance with an agreed schedule. The only significant underlying cause of this risk would be a significant reduction in investment returns. The Charity invests mainly in the investment fund of the Central Board of Finance of the Church of England Funds, sharing risks with many Church of England organisations. The fund has consistently paid increasing or at worst flat distributions that have supported our grants. Para 1.46 A description of the principal risks facing the charity Para 1.46 Olher
Structure, Governance and Management Description of charity s trusts.. Type of governing document Para 1.25 Declaration of Trust dated 6 October 1975 How is the charity constituted? jL.g LllliiityorporTrled associalioii. CIO) Trustee selection methods including details of any constitutional provisions e.g. election lo post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trust Para 1.25 The power to appoint Trustee5 is set out in the Deed of Trust. The Trustee5 seek to appoint new trustees who bring required skill and experience to the trustee body. Additional informion (optional) You ma choose to include further ststemenls where relevant about.. Policies and procedures The Trustees review annually key contro15 to adopted for the induction mitigate risks identified related to investments and training of trustees (specifically the balance between sustainable income and capital growthl and expenditure. The Trust is set up to support Choral Worship in the Cathedral. It does this as a matter of policy by providing funds to cover the costs of the Choristers a5 members of the choir, along with ancillary costs as required. Because of the nature of it5 work, the Trustees work closely with the Dean and Chapter. Current Trustees include the Dean and Precentor o the Cathedral. The only related party is the Dean and Chapter of Bristol Cathedral. Para 1.51 The charity s organisational structure and any wider network with which Ihe charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses istered charit number Charity's principal address Bristol Cathedral Choral Foundation 270373 Bristol Cathedral, BS1 5TJ
Names of the charity trustees who manage the charity Dates acted If not for whole ar Trustee name Office lif any) Name of pèr$on lor body) entltled toa olnt trustee ifan Richard Bacon Chairman The Revd Canon Nicola Stanley (Canon Pastor) Mark Lee Sarah Jenkinson Christina Gor2kiewicz Secretary Paul Dyke John Davenport David Torpy Jeremy Srokosz Treasurer The Very Revd Dr Mandy Ford (Dean of Bristol) From January 2021 10 11 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re ort was a Dlrector name roved Name of trustees holding title to propety belonging lo the charity Trustge namg Datès actod If not for whole ar
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the Charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional information {optional) Names and addresses of advisers (Optional Informatlon) Type of Name Address adviser Name of chief executive or names of senior staff members {Optional information} Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustees dèclare that they have approved the trustees, report above. Slgned on behalf of the charity's trustees Signature(s) Full name(s) Positlon leg Sacretary, Chair, etG} cdtkn L Date JufrJ& Ic)trL
CHARITY COMMISSION FOR ENGLAND AND WALES Brf5tol Cathedral choral Foundatlon 270373 Receipts and payments accounts CC16a For the perlod from 01-SeF20 To 31-Aug-21 Section A Receipts and payments Unr85tri¢ted funds to the areSt R•strlcted funds Endowment funds Totsl funds Last year to th• tate tothe nearest£ to the nearest£ to tho noar06t t A1 Rèc•lptS Lega¢y Irweslmenl income 5,000 39,753 330 s,000 39.753 330 38,664 33Q Cworalg donaliong Royalues 689 589 615 Sub total (Gross inwmg for AR) 45,671 45,671 39,609 A2 Asset and Invastment sales, (see table}. Sub total Total receiTPts 45,671 45.671 39,609 A3Pa ments Gran19 Admln 29,391 29,391 24,035 60 Sub total 29A75 29,475 24,095 A4 Asset and Investment purchase5, See table) CBF In¥estrthni Fund Shares 5,000 4000 Sub total 5,000 3.000 Total payments 34,475 34A75 24,095 Not of recelpts/(payments) AS Transfèrs bètwèen *unds A6 Cash funds last year end Cash funds this year end 11,196 11,196 15,514 40,501 51,697 40,501 51.697 24,987 40,501 CCXX R1 a¢¢ounts ISSI ow08022
Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restri¢tèd funds to nearest e Endowment funds Categories Detai15 to n?arg¥t£ to Iloarést £ B1 Cash funds CAF 88nk 7.993 CBF D8rM)s11 Fund 43.705 Total cash funds 51,697 {agw baipAKesvAlh p3ymèrrts nK Unrestrlctèd fund$ c,li Restricted funds to nearest £ Endowmertt funds to nearest £ Details CBF Irwesimenl Fund ¢0 n8arest£ 1,448,655 B2 Other monetary as$gts CBF Property Fund 59,308 FLsnd to whlch asset bFIo Currènt valu Detalls Co8tlopUonall B3 Investment assets Fund to which assgt btrlon Details costloplonall Current vaJu8 B4 Assets retained for thg charitrfs own use ni- Fund to whlch relats8 knount due ilonal When due tlonal Details BS Liabilities sJe by one or tyvo trustees on behalf of all the trustee$ Date of roval Signature Print Name RICHARD BACON CCXX R2 acwunts Issi oe10612022