The Coventry Diocesan Guild of Church Bellringers Bell Repair Fund Re9iStered Charity 502576 TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 History and Objertives The Fund was fomied in 1973 to provide financial assistance by way of grants to churches within the Di0Se of Coventry incurring expenditure on the provision, Maintenan or improvement of their bells and bell installations or for the Maintenan of the fabric of their towers and belfries. The Fund is the recipient of the income from the Philip Faulks MernoTial Bell Fund which was established from a legacy in 2018. The Fund is held and administered by the Coventry DI0San Trustees, registered charity 249165. Trustees, Strurture and Governance The Trustees during the year and to the date of this port are: A F Alldrick - pIdent M W Sayers - Guild Ringing Master S P Rogers - Treasurer Mrs A Hall - Secretary The Trustees are also Trustees of The Coventry Guild of Church Bellringers, registered charity 517977. The Trustees meet four tirnes a year to review the Fund's attivities, its finances, the risks it faces and to consider applications for gTrnts. On appointment Trustees go through induction and training relevant to the needs of the Fund and themselves. The principal address of the Fund Is 3 Rlchardson Close. Warwick CV34 5HD. Financial Review and Activitie5 The income in the year was £26,016 of which £22.338 came from the Phlllp Faulks Memorial Bell Fund. This was the second full year of income from that Fund. The Trustees anticipate that the 2020 level of income from the Philip Faulks Memorial Bell Fund will continue for the foreseeable future but may fluctuate from year to year according to stock market conditions. Ten donations were made in 2020, totalling £36.910, including one of £25,000 for the rehanging of the bells at Snitterfield. The others were mainly for frame painting, re-bushing clappers and the augmenting of the bells at Radway. A total of £2,377 was also paid out for maintenance inspettions at 15 churches. The defiot for the year was £13,271 and the reserves are £43,313. The Trustees are being proactive in using the new level of income effectively by donating to churches having bell maintenance reports whilst still being ceptiVe to funding any rnaintenan need&J on bells and fittings- and augmentations to existing rings. The Trustees encourage any towers thinking about work on their bells and fittings to apply to the Fund for a donation as with more cash available the donation could be a lot larger than those from the previous years. please contatt the Trustees if your bells have not been inspected yet. In 2021 the Trustees have committed just over £20,000 to 5 diffent other churches, malnly for clapper repairs and frame painting. The very nature of the Fund means that the donations it makes to churches vary from year to year according to repairs, maintenance issue5, and enhancements that occur and qualify for support. The donations made from the Fund vary from a few hundred pounds to several thousand according to the work needed. In simple terms with over 100 towers with bells in the Guild the Fund is equivalent to just over £400 per tower. The Trustees regard the current level of reserves as adequate and are satlstled that the Trust has met its public benefit objectives in the year. The Trust is regarded as a going concern with its reserves being held in cash deposits.
The Coventry Diocesan Guild of Church Bellringers Bell Repalr Fund Regislered Charity 502576 TRUSTEES. REPORT - continued Reserve5 policy It is the policy of the Trustees to hold unre5tri(tsl cash reserves equivalent to at least one yearfs typical net income. Amounts in excess of this are available to meet the years in which charitable activities (assistance by grants to qualifying bodies) exed the norm. Risk policy The major risks, to which the Trust is exposed, as identified by the Trustees, have been reviewed and minuted. The Trustees continue to i(eep the Trust's artivities under review and to monitor the effectiveness of the intemal controls and other means, including appropriate insurance cover, so as to minlmise risks identifIed. Professional advisers The Trust's advisers are: Banking Independent Examiner Insurance Coventsy Building Society, Iva1Ck and Lloyds Bank, Warwick D Bell, Tysoe Ecclesiastical Insurance. Gloucester In conjunttion with The Coventry Guild of Church Bellringers Statement of the Trustees. responsibilities The charity Trustees are responsible for preparing a Trnstees. annual report ènd financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prnctice). The law applicable to charities in England and Wales requires the charity Trustees to prepare financial st2tements for each year which give a true and fair view of the stste of affairs of the charity and of tiie incoming resou and application of resources, of the charity for tb.at period. In preparing the finanaal statements, the Trustees are required to: • selert suitable accounting policies and then apply them consistently; obseNe the methods and Drinaples in the applicable Charities SOP.P' make judgements and 8Stimates that are reasonable and prudent. state wh,ether applicable accounting standards have been followed, subject to any material departures drsclosed ano" explained in the financial statements; prepare the financial statements on the going COnM basis unless it is Inappropriate to presume that the charity will continue in business. The Tnjstees are sponsible for keeping proper accounting record5 that disdose with reasonable accuracy at any ts'me the finanoal position of the chartty and to enable them to ensure trjat the financial statements comply with the Charities Act 2011, the applicable Charities {Accounts and Reports) Regulations. Financial Reporting Standard 102, and the provision5 of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The financial statements are not reouired to be audited under the provision of Sectlon 144(2) of the Charities Act 2011 but are required to be independently examined. Approved by the Trustees A Alldrick President Ll ..2021
The Coventry Diocesan Gulld of Church Bellringer5 Bell Repair Fund Re9iStered Charity 502576 INDEPENDENT EXAMXNER'S REPORT TO THE TRusfEES OF The Coventry Diocesan Guild of Church Bellrtngers Bell Repair Fund I report to the trustees on my examination of the accounts of The Coventy Diocesan Guild of Church Bellringers Bell Repair Fund (the Fund) for the year ended 31 December 2020 which are set out on pages 4 and 5. Responsibilities and basis of report As the charity trustees of the Fund 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 Fund'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 settion 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I cor)firm that no material matters have come to my attention in connettion with the examlnatlon giving me cause to believe that in any material respect: l. accountlng records were not kept in respect of the Fund as required by settion 130 of the Act: or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with Lhe examination to which attention should be drdwn in this report in order to enable a proper understanding of the accounts to be reached. D Bell Badoers Farmhouse Badoers Lane Lower Tysoe WARWICK CV35 OBY 25-2- 2021
The Coventry Diocesan Guild of Church Bellringers Bell Repatr Fund Registered Charity 502576 financial Statements for the year ended 31 December 2020 BALANCE SHEET at 31 December 2020 2020 2019 CUrnt Assets Cash at bank & In hand Fundraising cash in hand 43,313 56,584 43313 £ Represented by Unrestritted funds 43313 £ 56.584 Is- i- Approved by the trustees on .......................................2021 and signed on their behalf by: S P Rogers, Treasurer STATEMENT OF FINANCIAL ACTIvrriES for the year ending 31st December 2020 2020 2019 Income Donations Philip Faulks Memorial Bell Fund The Coventry Diocesan Guild of Church Bellringers Others Total donatlon income Fundraising - Draw Club etc Interest Total income 22,338 2,140 465 24,943 742 331 26.016 21,688 2,480 484 24.652 605 217 25,474 Expenditure on Charitable activities being grants to: Kineton, St Peter Wolvey, St lohn Baptist Radway, St Peter Studley, Nativity of Blessed Virgin Mary Whitnash, St Margaret Stoneleigh, St Mary Virgin Clifford Chambers, St Helen Dunchurch, St Peter Snitterfield, St James Great Kenilworth, St Nicholas St Mary's. Warwick St Nicholas, Warwick St Michael's. Stockton 15 churches for bell Maintenan inspections Total expenditure # 2,000 500 4.500 1,000 900 150 1,600 160 25,000 I,ioo 575 2,100 1,014 2,377 39,287 Surplus for year Total funds at L January Total funds at 31 December # (13.271) 19,388 37,196 43 313 £ 56.584
The Trustees also awarded grants in 2020 toLiling £20,400 (2019 - £33,500) to churches for
work to be undertaken in 2021-2022.
The Covèntry Diocesan Guild of Church Bellringers Bell Repair Fund Registered Charity 502576 NOTES TO THE FINANCIAL sfATEMENTS Accounts'ng Policies The financial statements have been prepared in accordance with statements of standard accounting practice issued by the UK accountancy bodies. The particular accounting policies adopted are described below: (a) Basis of Accounting The financial statements have been prepared in accordance wtth Accounting and Reporting by Charities.. Statement of Recommended Prdctice applicable to charities and in accordan with the Financial Reporting Standard 102 and the Charities Act 2011 and applicable regulations. The financial statements have been prepared on a receipts and payments basis with items recognised at cost or transaction value unless otherwise. The flnanclal statements have been prepad the Fund meets the definition of a public benefit entity under FRS 102 and qualifies as a small entity. (b) Fund Accounting Unrestricted funds comprise the accumulated surpluses made by the charity over its lifetime. These funds are available for use by the Trustees in furtherance of the objects of the charity. (c) Incoming Resources Income is accounted for as received and is stated gross. (d) Resources Expended Assistance to qualifying bodies comprises grants payable in fvrtherance of the Fund'5 objectives and is recognised in the accounts when claitned by the recipient. (g) Cash Flow Statement Advantage has been taken of the exemption for small entities in Financial Reporting Standard 102, Settion la, not to prepare a cash flow statement Trustees. Remuneration No trustee received any remuneration or expenses in either accounting period. Taxation There is no liability to taxation on the result for the year because the Trust is a registered charity.