Trustees’ Annual Report for the period
From 01/01/2024 To 31/12/2024
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 156_(2023:_141) 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 needs. Dedicated support was provided to clergy widows. |
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 £2,950,906(2023: £2,762,002). Income during the year was £79,448 (2023: £77,770), expenditure - £207,452 (2023: £71,994). Total funds at the end of the year are £2,884,977(2023: £2,950,906) |
| 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 | £492,263 |
| 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. |
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. |
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 |
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 |
|---|---|
| The Blackburn Diocesan Board of Finance Ltd(Registered charitynumber. 247647) |
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
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 |
Nicola O’Sullivan FCA DChA |
BHP LLP, One Waterside Place, Basin Square, Brimington Rd, Chesterfield S41 7FH |
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 17 10 / /2025 ~~pO~~
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
THE BISHOP OF BLACKBURN'S FUND FOR THE WIDOWS AND ORPHANS OF POOR CLERGY
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report to the Trustees of The Bishop Of Blackburn's Fund For The Widows And Orphans Of Poor Clergy ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.
Responsibilities and basis of report
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and 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 have completed my examination. I confirm that no matters have come to my attention in connection with the examination 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
-
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.
Nicolae OSullivan
Signer ID: MMITLPRPJQ...
Nicola O’Sullivan FCA DChA
BHP LLP One Waterside Place, Basin Square, Brimington Rd, Chesterfield S41 7FH
Date: 23/10/2025 GMT
Page 6
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
|Charity No
505091
From
Period start date
01/01/2024
To
Period end date
31/12/2024
Annual accounts for the period
The Bishop of Blackburn's Fund for the Widows & Orphans
of Poor Clergy
”—ee
|
FOR ENGLAND AND WALES|Charity No
505091
From
Period start date
01/01/2024
To
Period end date
31/12/2024
Annual accounts for the period
The Bishop of Blackburn's Fund for the Widows & Orphans
of Poor Clergy
”—ee
|
FOR ENGLAND AND WALES|Charity No
505091
From
Period start date
01/01/2024
To
Period end date
31/12/2024
Annual accounts for the period
The Bishop of Blackburn's Fund for the Widows & Orphans
of Poor Clergy
”—ee
|
FOR ENGLAND AND WALES|Charity No
505091
From
Period start date
01/01/2024
To
Period end date
31/12/2024
Annual accounts for the period
The Bishop of Blackburn's Fund for the Widows & Orphans
of Poor Clergy
”—ee
|
FOR ENGLAND AND WALES|Charity No
505091
From
Period start date
01/01/2024
To
Period end date
31/12/2024
Annual accounts for the period
The Bishop of Blackburn's Fund for the Widows & Orphans
of Poor Clergy
”—ee
|
FOR ENGLAND AND WALES|Charity No
505091
From
Period start date
01/01/2024
To
Period end date
31/12/2024
Annual accounts for the period
The Bishop of Blackburn's Fund for the Widows & Orphans
of Poor Clergy
”—ee
|
FOR ENGLAND AND WALES|Charity No
505091
From
Period start date
01/01/2024
To
Period end date
31/12/2024
Annual accounts for the period
The Bishop of Blackburn's Fund for the Widows & Orphans
of Poor Clergy
”—ee
|
FOR ENGLAND AND WALES|
|---|---|---|---|---|---|---|
|Section A Statement of financial activities||||Section A Statement of financial activities|||
||||Prior year||Prior year||
||Current year
Current year|Unrestricted|||Unrestricted
Endowment|Prior year|
||Unrestricted
Endowment
Current year|Current year||funds|funds|Total funds|
|Recommended categories by activity|funds
funds
Total funds|(as restated)||(as restated)|(as restated)|(as restated)|
||£
£
£|||£|£|£|
|Incoming resources (Note 3)|||||||
|Income and endowments from:|||||||
|Donations and legacies|-
-
-
a|||-|-|-|
|Charitable activities|-
-
-
a|||-|-|-|
|Other trading activities|-
-
-
a|||-|-|-|
|Investments|79,448
-
79,448
a|||77,770|-|77,770|
|Separate material item of income
Other
Total|-
-
-
-
-
-
79,448
-
79,448
a
a
ee
ee
~~I~~|||-
-
77,770|-
-
-|-
-
77,770|
|Resources expended (Note 4)|||||||
|Expenditure on:|||||||
|Raising funds|-
-
-
~~a~~|||-|-|-|
|Charitable activities|207,452
-
207,452
a|||71,994|-|71,994|
|Separate material item of expense
Other
Total|-
-
-
-
-
-
207,452
-
207,452
a
a
ee
ee
I|||-
-
71,994|-
-
-|-
-
71,994|
||||||||
|Net income/(expenditure) before|||||||
|investment gains/(losses)|128,004
-
-
128,004
-|||5,776|-|5,776|
|Net gains/(losses) on investments|1,359
60,716
62,075
~~a~~|-|-|16,008
-|199,136|183,128|
|Net income/(expenditure)|126,645
-
60,716
65,929
-
~~a~~|-|-|10,232
-|199,136|188,904|
|Extraordinary items
Transfers between funds|-
-
-
-
-
-
-
-
-
-
-
-
~~po~~
~~a~~
es||||||
|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|-
-
-
126,645
-
60,716
65,929
-
a
es
es
(|-
10,232
-
(|||-
199,136
(|-
188,904
(|
|Reconciliation of funds:|||||||
|Total funds brought forward - as restated|618,908
2,331,998
2,950,906
629,140
2,132,862
2,762,002
a Qe||||||
|Total funds carried forward|492,263
2,392,714
2,884,977
618,908
2,331,998
2,950,906
~~RC~~||||||
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
~~ee~~ Section B Balance sheet
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||||||||
|---|---|---|---|---|---|---|
|Last Year|Last Year|
|Unrestricted|Endowment|
|Unrestricted|Endowment|Total this|funds|funds|Total last year|
|funds|funds|year|(as restated)|(as restated)|(as restated)|
|£|£|£|£|
|Fixed assets|
|Investments (Note 8)|246,064 2,392,714|2,638,778|244,705|2,331,998|2,576,703|
|Total fixed assets|246,064|2,392,714|2,638,778|244,705|2,331,998|2,576,703|
|——|
|Current assets|
|Debtors (Note 9)|19,200|-|19,200|18,859|-|18,859|
|Cash at bank and in hand (Note|
|11)|230,999 -|230,999|358,344|-|358,344|
|Total current assets|250,199|-|250,199|377,203|-|377,203|
|Creditors: amounts falling due|
|within one year (Note 10)|4,000 -|4,000|3,000|-|3,000|
|Net current assets/(liabilities)|246,199|-|246,199|374,203|-|374,203|
|a|
|Total assets less current|
|liabilities|492,263 2,392,714|2,884,977|618,908|2,331,998|2,950,906|
|a|
|Total net assets or liabilities|492,263 2,392,714|2,884,977|618,908|2,331,998|2,950,906|
|aee|
|Funds of the Charity|
|Endowment funds (Note 12)|-|2,392,714|2,392,714|-|2,331,998|2,331,998|
|Unrestricted funds|492,263 -|492,263|618,908 -|618,908|
|Revaluation reserve|-|-|
|Total funds|492,263|2,392,714|2,884,977|618,908|2,331,998|2,950,906|
|Signed by one or two trustees on|
|Date of approval|
|behalf of all the trustees|Signature|Print Name|
|dd/mm/yyyy|
|David Barlow|
|Chair of the Blackburn|
|a|Diocesan Board of Finance|
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 The trustees are satisfied that there are no material support the conclusion that the charity is a uncertainties about the charity's ability to continue in going 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
The prior year figures have been restated to remove the value of investments that did not legally belong to the charity. They have also been restated to value listed investments previously held at cost at fair value in accordance with the SORP. The result of these adjustments was a decrease in investments of £145,175 and a corresponding decrease in endowment funds at 31 December 2023.
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.1 INCOME
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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 Yes No N/a
the monetary value can be measured with sufficient reliability.
Yes No N/a
There has been no offsetting of assets and liabilities, or income and expenses, unless required
Offsetting or permitted by the FRS 102 SORP or FRS 102.
Yes No N/a
Grants and donations are only included in the SoFA when the general income
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Yes No N/a
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 Yes No N/a
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.
Yes No N/a
Government grants The charity has received government grants in the reporting period
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift Yes No N/a
donations and gifts 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.
Yes No N/a
Contractual income and This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions.
grants
Yes No N/a
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
Yes No N/a
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 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
Yes No N/a
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'.
Yes No N/a
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
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Yes No N/a
Donated services and Donated services and facilities are included in the SOFA when received at the value of
facilities the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Yes No N/a
Support costs The charity has incurred expenditure on support costs.
Yes No N/a
The value of any voluntary help received is not included in the accounts but is described
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
| 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. 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 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 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 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 |
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 Yes No N/a |
|
|---|---|---|
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 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.
Debtors
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.
Current asset investments
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
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 79,448 79,448 77,770 77,770
Rental and leasing income - - - -
Other - - - -
Total 79,448 79,448 77,770 77,770
TOTAL INCOME 79,448 79,448 77,770 77,770
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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: £ £
Grants to parent company 124,852 - - 124,852 - - - -
Grants to individuals 77,800 - - 77,800 67,050 - - 67,050
Grants for removal costs
3,000 - - 3,000 4,944 - - 4,944
Other 1,800 - - 1,800 - - - -
Total expenditure on charitable
activities 207,452 - - 207,452 71,994 - - 71,994
TOTAL EXPENDITURE 207,452 - - 207,452 71,994 - - 71,994
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Other information:
Analysis of expenditure on charitable activities
| Activity or programme General support Support with removal costs Governance cost Total Support with retirement housing |
Activities undertaken directly Grant funding of activities Support Costs Total this year Activities undertaken directly Grant funding of activities Support Costs Total this year £ £ £ £ £ £ £ £ - 77,800 - 77,800 - 67,050 - 67,050 - 3,000 - 3,000 - 4,944 - 4,944 - 124,852 - 124,852 - - - - - - 1,800 1,800 - - - - This year Last year |
|---|---|
| - 205,652 1,800 207,452 - 71,994 - 71,994 |
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 - 1,800 - - 1,800 Allocated based on cost of
examiner’s fees activities undertaken directly
- 1,800 - 1,800
Total
Last year
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
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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
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This year Last year
£ £
1,800 -
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 77,800 Nil 77,800
Financial assistance - removal costs for
retired clergy 3,000 Nil 3,000
Grant supports towards the clergy
retirement housing scheme 124,852 Nil 124,852
Total 124,852 80,800 - 205,652
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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 67,050 Nil 67,050
Financial assistance - removal costs for
retired clergy 4,944 Nil 4,944
Total - 71,994 - 71,994
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Please enter “Nil” if the charity does not identify and/or allocate support costs.
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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 (as restated) 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 72,500 2,504,203 - - 2,576,703 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 9,000 53,075 - - 62,075 |
|---|---|
| - 81,500 2,557,278 - - 2,638,778 |
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 |
- 2,557,278 Cost less impairment 81,500 - Fair value at year end £ - £ - |
|---|---|
| - 2,638,778 |
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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
£ £
- -
- -
19,200 18,859
- -
- -
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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
£ £ £ £
4,000 3,000 - -
Total 4,000 3,000 - -
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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
£ £
- -
- -
230,999 358,344
- -
230,999 358,344
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Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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
balances Fund
Type PE, EE brought balances
Purpose and Restrictions
R or UR * forward (as Gains and carried
restated) 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 618,908 79,448 - 207,452 - 1,359 492,263
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 2,331,998 - - - 60,716 2,392,714
Total Funds 2,950,906 79,448 - 207,452 - 62,075 2,884,977
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12.2 Details of material funds held and movements during the PREVIOUS reporting period - as restated
| Income Fund U To help clergy widows and retired clergy in cases of financial hardship, particularly with housing costs, services of a diocesan officer and visitors are provided Endowment Fund PE To help clergy widows and retired clergy in cases of financial hardship, particularly with housing costs, services of a diocesan officer and visitors are provided Total Funds 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 £ £ £ £ £ £ 629,140 77,770 - 71,994 - - 16,008 618,908 2,132,862 - - - 199,136 2,331,998 |
|---|---|
| 2,762,002 77,770 - 71,994 - 183,128 2,950,906 |
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d
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) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | There have been no related party transactions in the reporting period (True or False) | FALSE | FALSE | FALSE | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amounts | ||||||||||||||
| Name of the trustee or related party | Relationship to charity |
Description of the transaction(s) |
Amount | Balance at period end |
Provision for bad debts at period end |
written off during reporting |
||||||||
| period | ||||||||||||||
| £ | £ | £ | £ | |||||||||||
| Blackburn Diocesan Board of Finance | Parent | Grants paid | 124,852 | - | - | - | ||||||||
| In relation to the transactions above, please provide the terms and conditions, | ||||||||||||||
| including any security and the nature of | any payment (consideration) to be | None | ||||||||||||
| provided in settlement. | ||||||||||||||
| For any related party, please provide details of any guarantees given or | None | |||||||||||||
| received. |
Document ID: cbff80c9ab277deda95f2cc5f69af58ac66f8dc9cbad7251a8d5d7e92bb80d3d