2022-12-31-accounts - The Bishop Of Blackburn's Fund For The Widows And Orphans Of Poor Clergy

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CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110112022 To 3111212022 Charity name: THE BISHOP OF BLACKBURN'S FUND FOR THE WIDOWS AND ORPHANS OF POOR CLERGY Charity registration number: 505091 Objectives and Activities SORP referen¢e Summary of the purposes of the charity as set out in its governing document Para 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 gTven via dedicated officers to retired clergy and widows and orphans. Also, specific grant support is provided depending on situation and circumstance Summary oflhe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or SeNiS identified in the accounts. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefrt Para 1.17and 1.19 Para 1.18 The Trustees are aware of the Charity Commission's published guidance on the public benefit requirement in genèral 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 referen The fund has supported 187 (2021." 183) 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 wid0v. Summary of the main achievements of the charity, identifying the differen the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Parg 1.20

Financial Review Review of the charity's financial position at the end of the period Part 1.21 Total funds at the beginning of the year were £3,238,771 (2021.. £2,854,621). Income during the year was £77,845 (2021." £75.721), expenditure - £90,212 (2021.- £49,893). Total funds at the end of the ear are £2,892,074 2021.. £3,238, 771 Retention of income to respond to needs and be generous to many beneficiaries. Statement 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 £629.141 Para 1.22 Para 1.24 None Para 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 (including any fundraising) Para 1.47 The charity's investment policies are based on two key policies: Investment policy and objectives including any social investment policy adopted Par8 1.46 Ethical investment- the charity seeks to pursue an investment policy consistent with the values of the Christian faith. This is achieved by following the EIAG guidelines and policies of the National Investing Bodies of the Church of England. Long-term responsibilities - th8 Trustees are aware of their long-term responsibilities 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 description of the 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, com number 225457 Appointed by the Bishop of Blackburn How is the charity constituted? 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 BB1 2QE Other name the charity uses istered charit number Charity's principal address Names of the chari trustees who mana e the chari Date5 acted if not for whole Trustee name ear Mr Stephen Whittaker Rt Rev Philip North Appoinled 0110112022 Appointed 0110112022 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 infomiation 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 Sollcltors Address , Anthony Collins 134 Edmund Street, Birmingham B3 2ES Bankers National Westminster Bank 35 King William St, Blackburn BBI 7DJ Investment Managers CCLA Investment Management Ltd Senator House, 85 Queen Victoria St, London EC4V 4ET Independent Examiner Haysmacintyre LLP 10 Queen Street Place, London EC4R IAG Declarations The trustees declare that they have approved the trustees. report above. Signed on behalf of the char, 'ty's trustee Signaturelsl Full name{sl Position leg Secretary, Chair, etcl Steph Whi aker Trustee Date

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The Bishop of Blackburn's Fund for the Charity No
Widows & Orphans of Poor Clergy 505091
Annual accounts for the period
Period start Period end
To
date 01/01/2022 date 31/12/2022
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Section A Statement of financial activities

Recommended categories by activity Guidance Notes oming resources (Note 3) ome and endowments from: ations and legacies S01 ritable activities S02 er trading activities S03 stments S04 arate material item of income S05 er S06 S07 sources expended (Note 4) penditure on: sing funds S08 ritable activities S09 arate material item of expense S10 er S11 S12 S13 gains/(losses) on investments S14 S15 traordinary items S16 S17 S18 er gains/(losses) S19 S20 *conciliation of funds:* S21 S22 *tal* *t movement in funds* al funds brought forward *tal funds carried forward* *tal* t income/(expenditure) before estment gains/(losses) t income/(expenditure) ansfers between funds her recognised gains/(losses): ns and losses on revaluation of fixed assets for the rity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ - - - - - - - - - - - - - - - 77,845 - 77,845 75,721 - - - - - - - - - -
	77,845 - - 77,845 75,721
	- - - - - 90,212 - - 90,212 49,893 - - - - - - - - - -
	90,212 - - 90,212 49,893

	12,367 - - - 12,367 - 25,828
	34,653 - - 299,677 - 334,330 - 358,322
	47,020 - - 299,677 - 346,697 - 384,150
	- - - - - - - - - - - - - - - - - - - -
	47,020 - - 299,677 - 346,697 - 384,150
	676,161 - 2,562,610 3,238,771 2,854,621
	629,141 - 2,262,933 2,892,074 3,238,771

Incoming resources (Note 3)

Income and endowments from:

Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other Total

Resources expended (Note 4)

Expenditure on:

Raising funds Charitable activities Separate material item of expense Other Total Net income/(expenditure) before investment gains/(losses) Net gains/(losses) on investments Net income/(expenditure) Extraordinary items Transfers between funds Other recognised gains/(losses):

Gains and losses on revaluation of fixed assets for the charity’s own use Other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward

Section B Balance sheet Last Year Last Year Unrestricted Endowment Total thls Unrèstricted Endowment Total last funds funds year funds funds year Fixed assets Investments (Note 8} Total fixed assets 805 B04 260,713 2,262,933 2,523.646 2,523,646 295,366 295,366 2,562,610 2,562,610 2,857,976 2,857,976 Current assets Debtors {Note 91 Cash at bank and in hand (Note 11) B07 18,859 18,859 B09 349,569 349,569 368,428 380,795 380,795 380,795 380,795 Total current assets B10 Creditors: amounts falling due wlthln one year {Note 10) B11 Net current assets/(liabilities) B12 68, 368,428 380,795 380,795 Total net assets or liabilities 816 629,141 2,262,933 2,892,074 676,161 2,562,610 3,238,771 Funds of the Charity Endowrnent funds (Note 121 Unrestricted funds Revaluation reserve B17 2,262,933 2,262,933 629,141 2,562,610 2,562.610 676.161 B19 629,141 676.161 B20 Total funds B21 676,161 2,562,610 3,238,771 Signed by one or two trustees on behalf of all the Iruslees Dale of approval ddlmml Signature Print Name Sle hen Whittaker 26>23

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)
and with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of 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).

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
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
i
ith
i
l
t
t
i
d
d
th
i t
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.
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.
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

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a
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Yes
No
N/a

Yes
No
N/a

2.4 ASSETS 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. 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. 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 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 income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. 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 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. Support costs The charity has incurred expenditure on support costs. Volunteer help		 Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a    Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a  Yes No N/a    Yes No N/a    Yes No N/a    Yes No N/a

They are valued at cost.

The depreciation rates and methods used are disclosed in note 9.2. Intangible fixed assets 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.

Heritage assets 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. 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 Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress 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 (including trade debtors and loans receivable) are measured on initial recognition at Debtors 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. The charity has has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and investments 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.

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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Section C Notes to the accounts (cont)

Note 3 Analysis of income

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Prior Year
Unrestricted Unrestricted Prior year
funds Total funds funds Total funds
Analysis £ £
Donations Donations and gifts - - - -
and legacies: Gift Aid - - - -
Legacies - - - -
General grants provided by government/other
charities - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - -
Other - - - -
Total - - - -
Income from Interest income - - - -
investments: Dividend income 77,845 77,845 75,721 75,721
Rental and leasing income - - - -
Other - - - -
Total 77,845 77,845 75,721 75,721
TOTAL INCOME 77,845 77,845 75,721 75,721
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Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

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This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on charitable activities: £ £
Honorarium and expenses - fund - - - - - - - -
Grants to individuals 89,170 - - 89,170 43,750 - - 43,750
Grants for removal costs
2,242 - - 2,242 6,093 - - 6,093
Other - 1,200 - - - 1,200 50 - - 50
Total expenditure on charitable
activities 90,212 - - 90,212 49,893 - - 49,893
TOTAL EXPENDITURE 90,212 - - 90,212 49,893 - - 49,893
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Other information:

Analysis of expenditure on charitable activities

Support with removal costs Total Activity or programme Genaral support	Activities undertaken directly Grant funding of activities Support Costs Total this year Activities undertaken directly Grant funding of activities Support Costs Total this year £ £ £ £ £ £ £ £ - 89,170 - 1,200 87,970 - 43,750 50 43,800 - 2,242 2,242 - 6,093 6,093 - - - - - - - - This year Last year
	- 91,412 - 1,200 90,212 - 49,843 50 49,893

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.

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Genaral Support with
Support cost Raising funds support removal costs Other Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
- - - - -
Governance
Independent - - 1,200 - - - 1,200 Allocated based on cost of
examiner’s fees activities undertaken directly
- - 1,200 - - 1,200
Total
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Governance Independent examiner’s fees Total Support cost (examples) Last year	Raising funds Genaral support Support with removal costs Other Grand total Basis of allocation £ £ £ £ £ (Describe method) - - - - - - 50 - - 50Allocated based on cost of activities undertaken directly - 50 - - 50

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 £ £ - 1,200 50

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)

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Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Financial assistance - grants to clergy
widows and retired clergy 89,170 Nil 89,170
Financial assistance - removal costs for
retired clergy 2,242 Nil 2,242
-
Total - 91,412 - 91,412
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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)

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Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Financial assistance - grants to clergy
widows and retired clergy 43,750 Nil 43,750
Financial assistance - removal costs for
retired clergy 6,093 Nil 6,093
Total - 49,843 - 49,843
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Please enter “Nil” if the charity does not identify and/or allocate support costs.

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 2,852,450 - - 2,857,976 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 334,330 - - - 334,330
	- 5,526 2,518,120 - - 2,523,646

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 Listed investments Grand total (Fair value at year end+Cost less impairment) Other investments Total	Cost less impairment - 5,526 Fair value at year end £ - £ - - 2,518,120
	5,526 2,518,120

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

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This year Last year
£ £
- -
- -
18,859 -
- -
- -
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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

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Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
Total - - - -
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Section C Notes to the accounts (cont)

Note 11 Cash at bank and in hand Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total

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This year Last year
£ £
- -
- -
349,569 380,795
- -
349,569 380,795
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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

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Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
To help clergy widows and retired clergy in
cases of financial hardship, particularly with
housing costs, services of a diocesan officer
Income Fund U and visitors are provided 676,161 77,845 - 90,212 - - 34,653 629,141
To help clergy widows and retired clergy in
cases of financial hardship, particularly with
housing costs, services of a diocesan officer
Endowment Fund PE and visitors are provided 2,562,610 - - - - 299,677 2,262,933
Total Funds 3,238,771 77,845 - 90,212 - - 334,330 2,892,074
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12.2 Details of material funds held and movements during the PREVIOUS reporting period

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Fund Gains and Fund
Type PE, EE Purpose and Restrictions balances b/f Income Expenditure Transfers losses balances c/f
R or UR
Fund names £ £ £ £ £ £
To help clergy widows and retired clergy in
cases of financial hardship, particularly with
housing costs, services of a diocesan officer
Income Fund U and visitors are provided 613,468 75,721 - 49,893 - 36,865 676,161
To help clergy widows and retired clergy in
cases of financial hardship, particularly with
housing costs, services of a diocesan officer
Endowment Fund PE and visitors are provided 2,241,153 - - - 321,457 2,562,610
Total Funds 2,854,621 75,721 - 49,893 - 358,322 3,238,771
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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 TRUE employment with their charity or a related entity (True or False)

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

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 *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 - - - - - - - - - 75,721 - - - - - - -	Last Year Total funds
		- - - 75,721 - -
	75,721 - -	75,721
	- - - 49,893 - - - - - - - -
		- 49,893 - -
	49,893 - -	49,893

	25,828 - -	25,828
	36,865 - 321,457	358,322
	62,693 - 321,457	384,150
	- - - - - - - - - - - -	- -

		- -
	62,693 - 321,457	384,150
	613,468 - 2,241,153
		2,854,621
	676,161 - 2,562,610	3,238,771

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 and Orphans of Poor Clergy for the year ended 31 December 2022 which are set out on in sections A to C.

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 44 (1) (c) of the 2005 Act and section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

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:

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
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 DChA Haysmacintyre LLP, 10 Queen Street Place London EC4R 1AG

Date: 11/03/2024