2020-12-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110112020 To 3111212020 Charity name: THE BISHOP OF BLACKBURN'S FUND FOR THE WIDOWS AND ORPHANS OF POOR CLERGY Charity registration number: 505091 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Poia 1.17 To help clergy widows and retired clergy in cases of financial hardship, particularly with housing costs. Social events are held and the services of a diocesan officer and visitors are rovided. Support is given via dedicated officers to retired clergy and widows and orphans. Also, specific grant support is provided depending on situation and circumstance Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefil Para 1.17 and 1.19 Para 1.18 The Trustees are aware of the Charity Commission's published guidance on the public benefit requirement in general and, more particularly, in 'The Advancement of Religion for the Public Benefit, and have had regard to it in their administration of the charity. Achievements and Performance SORP refer8nc8 The fund has supported 171 (2019.. 189) retired clergy, widows and orphans over the period. There is a general grant to retired clergy each period and specific grants in relation to personal circumstances and need. Dedicated support was provided to clergy widows. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20

Financial Review Review of the charity's financial position at the end of the period Para 1.21 Total funds at the beginning of the year were £2,695,971 (2019.. £2,358,519). Income during the year was £72,913 (2019.. £73,814), expenditure - £45,155 (2019.. £58,849). Total funds at the end of the ear are £2,854,621 2019.. £2 695.971 Retention of Income to respond to needs and be generous to many beneficiaries. Slalement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.22 £613,468 NIA Para 1.22 Para 1.24 None Par8 1.23 The Trustees are satisfied that the charity has adequate resources to continue to operate as a going concern for the foreseeable future and have prepared the financial statements on that basis. Additional information (optional) You ma choose to include further statements where relevant about-. The charity's principal source of funds is investment income generated by its endowment funds. The charity's principal sources of funds {inGluding any fundraising} Pam 1.47 The charity's investment polici05 are based on two key policies.. Investment policy and objectives including any social investment policy adopted Para 1.46 Ethical investment- the charlty seeks to pursue an investment policy consistent with the values of the Christian faith. This is achieved by following the EIAG guidelines and pollcies of the National Investing Bodies of the Church of England. Long-term responsibilities- the Trustees are aware of their long-term responslbillties In respect of endowed funds and as a result follow a correspondingly prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income with due regard to the need for preservation of capital value and the possible need to realise investments to meet operational needs. Reduction in investment income due to adverse movements on the global investment markets A descriplion of Ihe principal risks facing the charity Para 1.46

structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 Scheme of the High Court of Justice (Chancery Division) of 22 April 1948 and of the Charity Commissioners dated 1 March 1976 and scheme dated 28 April 1998 Unincorporated association but part of the Blackburn Diocesan Board of Finance Ltd (charity number 247647, company number 225457 Appointed by the Bishop of Blackburn How is the charity constiluled? Para 1.25 Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Reference and Administrative details Charity name The Bishop of Blackburn's Fund for the Widows and Orphans of Poor Cler The Bishop of Blackburn's Clergy Widows and Dependants Fund 505091 Diocesan Offices Clayton House Walker Officer Park Blackburn BB12QE Other name the charity uses istered charil number Charity's principal address Names of the charity trustees who manage the charity Trustee name Dates acted if not for whole Mr Graeme Pollard èar Rt Rev Julian Henderson Funds held as custodian trustees on behalf of others Description of the assets There are no assets that a held in this capacity held in this capacity

Additional information loptionall Names and addresses of advisers to the Blackburn Diocesan Board of Finance Ltd of which this charity is a part of Type of Name adviser Solicitors Address Napthens LLP Darwen House. Walker Office Park, Blackburn BB12QE Bankers National Westminster Bank 35 King William St, Blackburn BB17DJ Investment Managers CCLA Investment Management Ltd Senator House, 85 Queen Victoria St, London EC4V 4ET Independent Examiner Haysmacintyre LLP 10 Quèen Street Place, London EC4R 1 AG Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturels) Full namelsl Position leg Secretary, Chair, etcl Graeme Pollard Trustee Date

The Bishop of Blackburn's Fund for the Widows & Orphans of PoorClergy	The Bishop of Blackburn's Fund for the Widows & Orphans of PoorClergy	The Bishop of Blackburn's Fund for the Widows & Orphans of PoorClergy	Charity No	505091
Annualaccountsforthe period
Period start date	01/01/2020	To	Period end date	31/12/2020

Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 4) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 1 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £
	-	-	-	-	50
	-	-	-	-	-
	-	-	-	-	-
	72,913	-		72,913	73,764
	-	-	-	-	-
	-	-	-	-	-
	72,913	-	-	72,913	73,814
	-	-	-	-	-
	45,155	-	-	45,155	58,849
	-	-	-	-	-
	-	-	-	-	-
	45,155	-	-	45,155	58,849
	27,758	-	-	27,758	14,965
	13,512 -	-	144,404	130,892	322,487
	14,246	-	144,404	158,650	337,452
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	14,246	-	144,404	158,650	337,452
	599,222	-	2,096,749	2,695,971	2,358,519
	613,468	-	2,241,153	2,854,621	2,695,971

Section B Balance sheet Last Year Last Year Unrestricted Endowmer7t Total this Unrestricted Endowment Total last funds funds yèar funds funds year Fixed assets Investments (Note 81 Total fixed assets 805 B04 258,501 2,241,153 2,499,654 272,013 272,013 2,096,748 2.096,748 2,368,761 2.368.761 Current assets Debtors (Note 91 Cash at bank and in hand (Note 111 B07 B09 354,967 354,967 327,209 327,209 327,209 327,209 Total current assets B10 Creditors: amounts falling due within one year (Note 101 B11 Net current assets/(liabilities) 812 354,967 354.967 327,209 327,209 Total net assets orliabilities B16 613,468 2.241,153 2,854,621 599,222 2,096,748 2,695,970 Funds of the Charity Endowment funds (Note 121 Unrestricted funds Revaluatlon reserve B17 2.241,153 2,241,153 613,468 2,096,749 2,096,749 599,222 B19 613,468 599,222 B20 Total funds B21 599,222 2,096,749 2,695,971 Signed by one or two Iruslees on behalf of all the trustees Date of approval ddlmml Signature Print Name Graeme Pollard io

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with ✓ Ireland (FRS 102)

• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

✓

• -Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support The trustees are satisfied that there are no material the conclusion that the charity is a going uncertainties about the charity's ability to continue in concern; operational existence in the foreseeable future. Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Support costs The charity has incurred expenditure on support costs. Volunteer help In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.	Yes No N/a	Yes No N/a	Yes No N/a
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2.4 ASSETS Intangible fixed assets Heritage assets Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.2 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. They are valued at cost. Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. These are capitalised if they can be used for more than one year, and cost at least Basic financial instruments They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.		Yes No N/a	Yes No N/a	Yes No N/a
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Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments.	Yes No N/a	Yes No N/a	Yes No N/a
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Section C Notes to the accounts (cont)

Note 3 Analysis of income

Donations and gifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donatedgoods,facilities and services Other Total Interest income Dividend income Rental and leasing income Other Total Income from investments: Analysis Donations and legacies: TOTAL INCOME	Analysis	Unrestricted funds Total funds Prior Year Unrestricted funds Prior year Total funds £ £	Unrestricted funds Total funds Prior Year Unrestricted funds Prior year Total funds £ £	Unrestricted funds Total funds Prior Year Unrestricted funds Prior year Total funds £ £	Unrestricted funds Total funds Prior Year Unrestricted funds Prior year Total funds £ £
	Donations and gifts	-	-	50	50
	Gift Aid	-	-	-	-
	Legacies	-	-	-	-
	General grants provided by government/other charities	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-
	Other	-	-	-	-
	Total	-	-	50	50
	Interest income	-	-	-	-
	Dividend income	72,913	72,913	73,764	73,764
	Rental and leasing income	-	-	-	-
	Other	-	-	-	-
		72,913	72,913	73,764	73,764
		72,913	72,913	73,814	73,814

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Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Expenditure on charitable activities: Analysis	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Honorarium and expenses - fund	-	-	-	-	420	-	-	420
Grants to individuals	42,000	-	-	42,000	50,687	-	-	50,687
Grants for removal costs	2,035	-	-	2,035	4,985	-	-	4,985
Other	1,120	-	-	1,120	2,757	-	-	2,757
Total expenditure on charitable activities TOTAL EXPENDITURE	45,155	-	-	45,155	58,849	-	-	58,849
	45,155	-	-	45,155	58,849	-	-	58,849

Other information:

Analysis of expenditure on charitable activities

	Thisyear	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear	Lastyear
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year
	£	£	£	£	£	£	£	£
Genaralsupport	-	42,000	1,120	43,120	752	50,687	2,425	53,864
Supportwith removalcosts	-	2,035		2,035	-	4,985		4,985
	-	-	-	-	-	-	-	-
Total	-	44,035	1,120	45,155	752	55,672	2,425	58,849

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Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

Support cost (examples)	Raising funds £	Genaral support £	Support with removal costs £	Other £	Grand total £	Basis of allocation
						(Describe method)
Governance	-	-	-	-	-
Independent examiner’s fees	-	1,120	-	-	1,120	Allocated based on cost of activities undertaken directly
Total	-	1,120		-	1,120

Last year

Last year
Support cost (examples)	Raising funds	Genaral support	Support with removal costs	Other	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance	-	-	-	-	-
Independent examiner’s fees	-	2,425	-	-	2,425	Allocated based on cost of activities undertaken directly
Total	-	2,425	-	-	2,425

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Section C Notes to the accounts (cont)

Note 6 Details of certain items of expenditure

6.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Independent examiner’s fees

This year £	Last year £
1,120	2,425

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Section C Notes to the accounts (cont)

Note 7 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

7.1 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs	Total
			£	£
Financial assistance - grants to clergy widows and retired clergy		42,000	Nil	42,000
Financial assistance - removal costs for retired clergy		2,035	Nil	2,035
			-
Total	-	44,035	-	44,035

Please enter “Nil” if the charity does not identify and/or allocate support costs.

Last year:

13.3 Analysis of grants paid (included in cost of charitable activities)

Analysis	Grants to institutions	Grants to individuals	Support costs £	Total £
Financial assistance - grants to clergy widows and retired clergy		50,727	Nil	50,727
Financial assistance - removal costs for retired clergy		4,945	Nil	4,945
Total	-	55,672	-	55,672

Please enter “Nil” if the charity does not identify and/or allocate support costs.

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Section C Notes to the accounts (cont)

Note 8 Investment assets

Please complete this note if the charity has any investment assets.

8.1 Fixed assets investments (please provide for each class of investment)

Carrying (fair) value at beginning of period Add:additions to investments during period Less:disposals at carrying value Less: impairments Add: Reversal of impairments Add/(deduct):transfer in/(out) in the period Add/(deduct):*net gain/(loss) on revaluation Carrying (fair) value at end of year	Cash & cash equivalents	Listed investments	Unlisted CBF investments			Total
		5,526	2,363,235	-	-	2,368,761
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
		-	130,893	-	-	130,893
	-	5,526	2,494,128	-	-	2,499,654

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

8.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments Cash or cash equivalents Other investments Total Grand total (Fair value at year end+Cost less impairment) Listed investments
	Fair value at year end	Cost less impairment
	£	£
	-	-
	-	5,526
	2,494,128	-
	2,494,128	5,526

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Section C Notes to the accounts (cont)

Note 9 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

9.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total

This year £	Last year £
-	-
-	-
17,696	17,820
17,696	17,820

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Section C Notes to the accounts (cont)

Note 10 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

10.1 Analysis of creditors

Accruals and deferred income

Total	Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-

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Section C Notes to the accounts (cont)

Note 11 Cash at bank and in hand

Note 11 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	354,967	327,209
	-	-
	354,967	327,209

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Section C Notes to the accounts (cont)

Note 12 Charity funds

12.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE **R or UR ***	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
IncomeFund	U	To help clergy widows and retired clergy in cases of financial hardship, particularly with housing costs, services of a diocesan officer andvisitors are provided	599,222	72,913	- 45,155	-	- 13,512	613,468
EndowmentFund	PE	To help clergy widows and retired clergy in cases of financial hardship, particularly with housing costs, services of a diocesan officer andvisitors are provided	2,096,749	-	-	-	144,404	2,241,153
Total Funds			2,695,971	72,913	- 45,155	-	130,892	2,854,621

12.2 Details of material funds held and movements during the PREVIOUS reporting period

Fund names	Type PE, EE **R or UR ***	Purpose and Restrictions	Fund balances b/f £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances c/f £
IncomeFund	U	To help clergy widows and retired clergy in cases of financial hardship, particularly with housing costs, services of a diocesan officer andvisitors are provided	591,581	73,814	-58,849	-	- 7,324	599,222
EndowmentFund	PE	To help clergy widows and retired clergy in cases of financial hardship, particularly with housing costs, services of a diocesan officer andvisitors are provided	1,766,938	-	-	-	329,811	2,096,749
Total Funds			2,358,519	73,814	- 58,849	-	322,487	2,695,971

CC17a (Excel)

19/10/2021

16

Section C Notes to the accounts (cont)

Note 13 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

13.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

13.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

TRUE

13.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False) TRUE

CC17a (Excel)

19/10/2021

17

Section C Notes to the accounts (cont)

Note 14 Last year comparative Statement of Financial Actvities

Recommended categories by activity Guidance Notes Incoming resources Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 1 Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use Total	Last Year Unrestricted funds Last Year Restricted income funds Last Year Endowment funds	Last Year Unrestricted funds Last Year Restricted income funds Last Year Endowment funds	Last Year Unrestricted funds Last Year Restricted income funds Last Year Endowment funds	Last Year Total funds
	50	-	-	50
	-	-	-	-
	-	-	-	-
	73,764	-		73,764
	-	-	-	-
	-	-	-	-
	73,814	-	-	73,814
	-	-	-	-
	58,849	-	-	58,849
	-	-	-	-
	-	-	-	-
	58,849	-	-	58,849
	14,965	-	-	14,965
	7,324 -	-	329,811	322,487
	7,641	-	329,811	337,452
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	7,641	-	329,811	337,452
	591,581	-	1,766,938	2,358,519
	599,222	-	2,096,749	2,695,971

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BISHOP OF BLACKBURN’S FUND FOR THE WIDOWS AND ORPHANS OF POOR CLERGY

I report to the Trustees on my examination of the accounts of The Bishop of Blackburn's Fund for the Widows & Orphans of Poor Clergy for the year ended 31 December 2020.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The trustees are satisfied that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and have chosen instead to have an independent examination.

I report in respect of my examination of the Trust’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I can confirm that I am qualified to undertake the examination because I am a registered member of the ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 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.

Adam Halsey, FCA Haysmacintyre LLP, 10 Queen Street Place London EC4R 1AG

Date: 18 November 2021