## **Trustees’ Annual Report for the period**
**From 01/01/2023 To 31/12/2023**
**Charity name: THE BISHOP OF BLACKBURN'S FUND FOR THE WIDOWS AND ORPHANS OF POOR CLERGY**
## **Charity registration number: 505091**
## **Objectives and Activities**
|**Objectives and Activities**|**Objectives and Activities**|**Objectives and Activities**|
|---|---|---|
|SORP reference|||
|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**
**provided.**|||
|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.
Para 1.17 and
1.19
**Support is given via dedicated officers**
**to retired clergy and widows and**
**orphans. Also, specific grant support is**
**provided depending on situation and**
**circumstance**|||
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|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**
|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**|
|---|---|---|
|SORP reference|||
|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|**The fund has supported 141****_(2022:_187****_)_**
**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.**|
## **Financial Review**
|**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 £2,892,074****_(2022: ££3,238,771)_. **
**Income during the year was £77,770**
**_(2022: £77,845)_, expenditure - £71,994**
**_(2022: £90,212)_. Total funds at the end of**
**the year are £3,096,081****_(2022: £2,892,074)_**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Retention of income to respond to needs**
**and be generous to many beneficiaries.**|
|Amount of reserves held|Para 1.22|**£618,909**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**None**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|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 may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**The charity’s principal source of funds**
**is investment income generated by its**
**endowment funds.**|
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**The charity’s investment policies are**
**based on two key policies:**
**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 – the**
**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.**|
|A description of the principal
risks facing the charity|Para 1.46|**Reduction in investment income due to**
**adverse movements on the global**
**investment markets**|
## **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**|
|How is the charity
constituted?|Para 1.25|**Unincorporated association but part of**
**the Blackburn Diocesan Board of**
**Finance Ltd (charity number 247647,**
**company number 225457)**|
|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|**Appointed by the Bishop of Blackburn**|
## **Reference and Administrative details**
|Charity name|The Bishop of Blackburn's Fund for the Widows and Orphans
of Poor Clergy|
|---|---|
|Other name the charity uses|The Bishop of Blackburn's Clergy Widows and Dependants
Fund|
|Registered charity number|505091|
|Charity’s principal address|Diocesan Offices
Clayton House
Walker Officer Park
Blackburn
BB1 2QE|
## **Names of the charity trustees who manage the charity**
|**Trustee name**|**Dates acted if not for whole year **|
|---|---|
|Mr Stephen Whittaker|Resigned 07/11/2023|
|Rt Rev PhilipNorth|Resigned 07/11/2023|
|The Blackburn Diocesan Board of Finance
Ltd(Registered charitynumber. 247647)|Appointed 08/11/2023|
## **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 (optional)**
**Names and addresses of advisers to the Blackburn Diocesan Board of Finance Ltd, sole corporate trustee of this charity**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
|**Solicitors**|Anthony Collins|134 Edmund Street, Birmingham B3 2ES|
|**Bankers**|National Westminster
Bank|35 King William St, Blackburn BB1 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 1AG|
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
## **Signature(s)**
**Full name(s)**[David Barlow ]
**Position (eg Secretary,** Chair of the Blackburn Diocesan Board of Finance **Chair, etc)**
**Date** 31/10/2024
**INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF The Bishop of Blackburn’s Fund for the Widows and Orphans of Poor Clergy charity**
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 2023 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:
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 DChA Haysmacintyre LLP, 10 Queen Street Place London EC4R 1AG
Date: 11 November 2024
|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES|Charity No
505091
Period start
date
**01/01/2023**
**To**
Period end
date
**31/12/2023**
The Bishop of Blackburn's Fund for the
Widows & Orphans of Poor Clergy
Annual accounts for the period
©—————
FOR ENGLAND AND WALES||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Section A Statement of financial activities**|**Section A Statement of financial activities**|**Section A Statement of financial activities**|||**Section A Statement of financial activities**|||||||||||
|**Recommended categories by**
**activity**
**Incoming resources (Note 3)**||||Guidance Note|**Unrestricted**
**funds**
**£**||**Unrestricted**
**Restricted**
**income**
**funds**
**£**||||**Endowment**
**funds**
**£**||**Total funds**
**£**||**Prior year**
**funds**
**£**|
|**Income and endowments from:**||||||||||||||||
|Donations and legacies||||S01||-||||-||-|-||-|
|Charitable activities||||S02||-||||-||-|-||-|
|Other trading activities||||S03||-||||-||-|-||-|
|Investments||||S04||77,770||||-|||77,770||77,845|
|Separate material item of income||||S05||-||||-||-|-||-|
|Other||||S06||-||||-||-|-||-|
|**_Total_**||||S07||77,770||||-||-|77,770||77,845|
|**Resources expended (Note 4)**||||||||||||||||
|**Expenditure on:**||||||||||||||||
|Raising funds||||S08||-||||-||-|-||-|
|Charitable activities||||S09||71,994||||-||-|71,994||90,212|
|Separate material item of expense||||S10||-||||-||-|-||-|
|Other||||S11||-||||-||-|-||-|
|**_Total_**||||S12||71,994||||-||-|71,994||90,212|
|||||||||||||||||
|**Net income/(expenditure) before**||**Net income/(expenditure) before**||||||||||||||
|**investment gains/(losses)**||||S13||5,776||||-||-|5,776|-|12,367
-|
|Net gains/(losses) on investments||||S14|-|16,008
-|||||214,239||198,231|-|334,330
-|
|**Net income/(expenditure)**||||S15|-|10,232
-||||-|214,239||204,007|-|346,697
-|
|**Extraordinary items**||||S16||-||||-||-|-||-|
|**Transfers between funds**||||S17||-||||-||-|-||-|
|**Other recognised gains/(losses):**||||||||||||||||
|Gains and losses on revaluation of fixed assets for the charity’s|Gains and losses on revaluation of fixed assets for the charity’s|Gains and losses on revaluation of fixed assets for the charity’s||Gains and losses on revaluation of fixed assets for the charity’s||||||||||||
|own use||||S18||-||||-||-|-||-|
|Other gains/(losses)||||S19||-||||-||-|-||-|
|**_Net movement in funds_**||||S20|-|10,232
-||||-|214,239||204,007|-|346,697
-|
|**_Reconciliation of funds:_**||||||||||||||||
|Total funds brought forward||||S21||629,141||||-|2,262,933||2,892,074||3,238,771|
|**_Total funds carried forward_**||||S22||618,909||||-|2,477,172||3,096,081||2,892,074|
|1||||||||||||||||
## a—“CSsSCsCSCis **Section B Balance sheet**
**----- Start of picture text -----**
|||||||||
|---|---|---|---|---|---|---|---|
|Last Year|Last Year|
|Unrestricted|Endowment|Total this|Unrestricted|Endowment|Total last|
|funds|funds|year|funds|funds|year|
|£|£|£|£|
|Fixed assets|
|Investments (Note 8)|B04|244,705 2,477,173|2,721,878|260,713|2,262,933|2,523,646|
|Total fixed assets|B05|244,705|2,477,173|2,721,878|260,713|2,262,933|2,523,646|
|——|
|Current assets|
|Debtors (Note 9)|B07|18,859|-|18,859|18,859|-|18,859|
|Cash at bank and in hand (Note|
|11)|B09|358,344 -|358,344|349,569|-|349,569|
|Total current assets|B10|377,203|-|377,203|368,428|-|368,428|
|Creditors: amounts falling due|
|within one year (Note|
|10)|B11|3,000 -|3,000|-|-|-|
|||||Py|||
|Net current assets/(liabilities)|B12|374,203 -|374,203|368,428|-|368,428|
|(TT|
|Total assets less current|
|liabilities|B13|618,908 2,477,173|3,096,081|629,141|2,262,933|2,892,074|
|ee|
|Total net assets or liabilities|B16|618,908 2,477,173|3,096,081|629,141|2,262,933|2,892,074|
|a|a|
|Funds of the Charity|
|Endowment funds (Note 12)|B17|-|2,477,173|2,477,173|-|2,262,933|2,262,933|
|Unrestricted funds|B19|618,908 -|618,908|629,141 -|629,141|
|Revaluation reserve|B20|-|-|
|Total funds|B21|618,908|2,477,173|3,096,081|629,141|2,262,933|2,892,074|
|Signed by one or two trustees on|Date of|
|behalf of all the trustees|Signature|Print Name|approval|
|dd/mm/yyyy|
|ee|ee|
|David Barlow|31/10/2024|
|Chair of the Blackburn|
|Diocesan Board of Finance|
**----- End of picture text -----**
**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**
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**
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.|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|
|---|---|
|**2.4 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.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
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**
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
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**||
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.
**----- Start of picture text -----**
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
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
**----- Start of picture text -----**
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 77,770 77,770 77,845 77,845
Rental and leasing income - - - -
Other - - - -
Total 77,770 77,770 77,845 77,845
TOTAL INCOME 77,770 77,770 77,845 77,845
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of expenditure**
**----- Start of picture text -----**
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 67,050 - - 67,050 84,170 - - 84,170
Grants for removal costs
4,944 - - 4,944 7,242 - - 7,242
Other - - - - - 1,200 - - - 1,200
Total expenditure on charitable
activities 71,994 - - 71,994 90,212 - - 90,212
TOTAL EXPENDITURE 71,994 - - 71,994 90,212 - - 90,212
**----- End of picture text -----**
## **Other information:**
## **Analysis of expenditure on charitable activities**
|**Activity or programme**
Genaral support
Support with removal costs
**Total**|**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total this**
**year**
**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total this**
**year**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
- 67,050
67,050
- 84,170
82,970
- 4,944
4,944
- 7,242
7,242
- - -
-
- -
-
-
**This year**
**Last year**|
|---|---|
||- 71,994
- 71,994
- 91,412 - 1,200
90,212|
**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.**_
**----- Start of picture text -----**
Genaral Support with
Support cost Raising funds support removal costs Other Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
- - - - -
Governance
Independent - - - - - Allocated based on cost of
examiner’s fees activities undertaken directly
- - - -
Total
Last year
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
**----- End of picture text -----**
**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
**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)**
**----- Start of picture text -----**
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Financial assistance - grants to clergy
widows and retired clergy 67,050 Nil 67,050
Financial assistance - removal costs for
retired clergy 4,944 Nil 4,944
-
Total - 71,994 - 71,994
**----- End of picture text -----**
## _**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)**
**----- Start of picture text -----**
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Financial assistance - grants to clergy
widows and retired clergy 84,170 Nil 84,170
Financial assistance - removal costs for
retired clergy 7,242 Nil 7,242
Total - 91,412 - 91,412
**----- End of picture text -----**
_**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 2,518,120 - - 2,523,646
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 198,231 - - 198,231|
|---|---|
||- 5,526 2,716,351 - - 2,721,877|
_**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**|-
2,716,351
**Cost less impairment**
- 5,526
**Fair value at year end**
**£**
-
**£**
-|
|---|---|
||5,526
2,716,351|
## **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**
**----- Start of picture text -----**
This year Last year
£ £
- -
- -
18,859 18,859
- -
- -
**----- End of picture text -----**
**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**
**----- Start of picture text -----**
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
£ £ £ £
3,000 - - -
Total 3,000 - - -
**----- End of picture text -----**
**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**
**----- Start of picture text -----**
This year Last year
£ £
- -
- -
358,344 349,569
- -
358,344 380,795
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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**_
**----- Start of picture text -----**
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 629,141 77,770 - 71,994 - - 16,008 618,909
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 2,262,933 - - - 214,239 2,477,172
Total Funds 2,892,074 77,770 - 71,994 - 198,231 3,096,081
**----- End of picture text -----**
## **12.2 Details of material funds held and movements during the PREVIOUS reporting period**
**----- Start of picture text -----**
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 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
**----- End of picture text -----**
## **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**
-
-
-
-
-
-
-
-
-
77,845
-
-
-
-
-
-
-|
**Last Year**
**Total funds**|
|---|---|---|
|||-
-
-
77,845
-
-|
||77,845
-
-|77,845|
||-
-
-
90,212
-
-
-
-
-
-
-
-||
|||-
90,212
-
-|
||90,212
-
-|90,212|
||||
||12,367
-
-
-|12,367
-|
||34,653
-
-
299,677
-|334,330
-|
||47,020
-
-
299,677
-|346,697
-|
||-
-
-
-
-
-
-
-
-
-
-
-|-
-|
||||
|||-
-|
||47,020
-
-
299,677
-|346,697
-|
||676,161
-
2,562,610||
|||3,238,771|
||629,141
-
2,262,933|2,892,074|