The Coventry Diocesan Gulld of Church Bellringer5 Bell Repair Fund Registered Charity 502576 TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Hlstory and Objectives The Fund was formed in 1973 to provide financial assistance by way of grants to churches within the Diocese of Coventry incurring expenditure on the provlsion. 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 reclplent of the Income from the Philip Faulks Memorial Bell Fund which was established from a legacy in 2018. The Fund is held and adrninistered by the Coventry Diocesan Trustees, registered charity 249165. Trustees, Structure and Governance The Trustees during the year and to the date of this report are: M Chester- Presldent M W Sayers - Guild Rlnglng Master S P Rogers - Treasurer Mrs A Hall - Secretary The Trustees are also Trustees of The Coventry Guild of Church Bellringers, gIStered charity 517977. The Trustees meet four times a year to review the Fund's activities. its finances, the risks it faces and to consider applications for grants. On appointment Trustees go through induction and training relevant to the needs of the Fund and thetnselves. The prlndpal address of the Fund is 3 Richardson Close. Warwick CV34 5HD. Financial Review and Artivities The income in the year was £27,743 of which £23.918 came from the Philip Faulks Memorial Bell Fund. This was the fourth full year of income from that Fund. The Trustees anticipate that the 2023 level of income from the Philip Faulks Memorial Bell Fund will continue for the foreseeable future but may fluttuate from year to year according to stock market conditions. Eleven donations were made in 2022, totalling £17,783, mainly for frame painting and the re- bushing of clappers. A total of £483 was also paid out for maintenance inspettions at 4 churches. The surplus for the year was £9,960 and the reserves are £53,729. The Trustees are being proactive in using the new level of income effettively by donatlng to churches having bell Maintenan reports whilst still being receptive to funding any maintenance needed 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 contact the Trustees if your bells have not been inspetted yet. In 2023 the Trustees have committed nearly £57,000 to 4 different other churches, mainly for the rehanging of bells and augmentation. The very nature of the Fund means that the donations it makes to churches vary from year to year according to repairs, maintenan issues, 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 tenns with over 100 towers with bells in the Guild the Fund is equivalent to just over £500 per tower. The Trustees regard the current level of reserves as a(iequate and are satisfied that the Trust has met Its public benefit objectives in the year. The Trust is regarded as a going concem with its reserves being held in cash deposits.
The Coventry Diocesan Gutld of Chwth Bellringers Bell Repar Fund Registered Char5ty 2576 TRusfEES' REPORT - continued Reserwes pollcy It is the policy of the Trustees to hold unrÈstricted cash reserve5 equtvalent to at least one year's typical net income. Amounts In exce55 of this are avaltable to meet the years in which charitable attivities (assistan by grants to qualifying bodies) exceed the norm. Rlsk pollcy The major risks, to which the Trust is expo, as identified by the Trustees, have been reviewed and mlnuted. The Trustees continue to keep the Trnsvs activities under review and to monitor the effectiveness of the internal controls and other means, induding appropriate insuran(% cover, so to minimtse risks identi. Professlonal advlsers The Trust's advlsers are: Banklng Independent Fxaminer Insuran Coventry Building Society, WaTh¥ick and Lloyds Bank, Warwlck D Bell, Tysoe Ecde5iastical Insurdnce. Gloucester conjunthon with 7he Coventry Guild of Church Bellringet5 statemert of the Trustee responsli jilities The charity Trustees are responsible for preparing a Trustees, annual report and financial statements in accordan with applicable law and United Kingdom Accouniing Standards (Unlted Kingdom Generally Accepted Accountlng Practice). The law applicable to charities In England and Wales requires the drity Truste to prepare financial statements for eath year which give a true and fair view of the state of affairs of the charity and of the irKoming resource5 and appli(xtion of rerCes, of the charity ft)r that period. In preparing the fina181 statements. the Trtee5 are required to: • select sultable accounttng pollde5 and then apply them consstently; ' observe the methods and principles in the applicable thaTitias SORP. • make Judgements and estlmates that are reasonable and prudent. . state whether applicable accountlng siandards have been followed, subject to any material departures disdosed and explained in the financial statemenls; . prepare the finanaal statements on the going conom basis unless It Is inapproprlate to presurne that the charity will cDntlnue In busine5S. The TEUStees are responslble for keeplng proper accountlng records that disdose with reasonable accuracy at any time the financial r*)sitlon of the charity and to enable them to ensure that the finan(ial statements comply wlth the Charities Art 2011, the appllcable Charities (AccoLtnts and Reports) Regulatyons, Financial Reporting Stsndard 102, and the provisions of the Trust deed. They are also responsible for safeguardlng the assets of the chartty and takirvJ reasonable steps for the prevention and detection of fraud and other irregularities. The finanaal statements are not rÈquireJ to be audited under the provision of Section 144(2) of the Charities Act 2011 but are required to be independentty examlned. Approved by the TnJstees M Chester Presldent 023
The Coventry Diocesan Guild of Church Bellringers Bell Repair Fund Registered Charity 502576 INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF The Coventry Dlocesan Guild of Church Bellringers Bell Repalr Fund I report to the trustees on my examination of the accounts of The Coventry DI0San Guild of Church Bellringers Bell Repair Fund (the Fund) for the year ended 31 December 2022 which are set out on pages 4 and 5. Responsibilities and basis ot report As the charity trustees of the Fund you are restK)nsible for the preparation of the accounts in accordance with the reqU1ments of the Charities Att 2011 ('the Act?. I report in respect of my examinatron of the Fund's accounts carried out under section 145 of the 2011 Act and in carrying out my examinatiorb I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlnerfs statement I have completed my examination. I confim) that no materlal matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accountlng records were not kept in respect of the Fund as required by section 130 of the 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 reDOrt in order to enable a proper understanding of the accounts to be reached. D Bell Badgers Farmnouse Badgers Lane Lower Tysoe WARWICK CV35 OBY 2023
The Coventry Diocesan Guild of Church Bellringers Bell Repair Fund Registered Charity 502576 Financial Ststements for the year ended 31 December 2022 BALANCE SHEEf at 31 December 2022 2022 2021 Current Assets Cash at bank & in hand Fundraising cash in hano 53,729 43,769 53.729 £ 43,769 Represented by Unrestricted funds 53.729 £ 43,769 24 Approved by the tnjstees on ......................... ......................2023 and signed on their behalf by.. S P Rogers. TaSurer STATEMENT OF FINANCIAL AcrIvmES for the year ending 31st December 2022 2022 2021 Income Donations Philip Faulks Memorial Bell Fund The Coventry DI0$an Guild of Church Bellringers Others Total donation income Fundraising ~ Draw aub etc Interest Total income 23,918 2,120 959 26.997 702 23.132 120 301 23.553 480 69 Expenditure on Charitable aciivities being grants to: Shotteswell, St Laurence Chilvers Coton, All Saints Astley, St Mary Virgin Tysoe, Assumption of Blessed Virgin Mary Stretton-on-Dunsmore. All Saints Burton Hastings. St Botolph Honiley, St John Baptist Tredington, St Gregory Keresley, St Thomas Rugby. St Andrew Farnborough, St Botolph 4 churches for bell Maintenan inspections 8 churches for variou5 aspects of bell maintenan 15 churches for bell ffla1ntenan inspettions Total expenditure 1.000 1,000 6.500 150 500 500 700 3,200 900 850 2.000 21,900 Surplus for year Total funds at l January Total funds at 31 December 9,960 456 £ 53 729 £ 43,769 Note.. The Trustees a150 awarded grants in 2022 totaling £56.700 to churches for work to be undertaken in 2023-2024.
The Coventry DioGesan Guild of Church Bellringers Bell Repair Fund Registered Charity 502576 NOTES TO THE FINANCIAL sfATE14ENTS Accountlng Policies The financial statements have been prepared in accordan with statements of stsndard 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 with Accounting and Reporting by Charities: Ststement of Recommended practi applicable to charities and in accordance with the Financial Reporting Standard 102 and the Charities Att 2011 and applicable regulations. The financial statements have been prepared on a receipts and payments basis with Items cognised at cost or transaction value unless otherwise. The financial statements have been prepared the Fund meets the definltion 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 charEty 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 Asslstance to qualifying bodies comprises grants payable in fvrtherdnce of the Fund's objectives and is recognised in the accounts when claimed by the recipient. (g) Cash Flow Statement Advantage has been tsken of the exemption for small entities in Flnancial Reporting standard 102, Section la, not to prepare a cash flow statetnent Trustees. Remuneration No trustee received any MuneratiOn or expenses in either accounting period. Taxation There is no liability to taxatlon on the Ult for the year because the Trust is a gIStered charity.