## **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:
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.
## 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**
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|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|
**----- End of picture text -----**
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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
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
**----- End of picture text -----**
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
**----- End of picture text -----**
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
**----- End of picture text -----**
## **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
**----- 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)**
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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
**----- End of picture text -----**
## _**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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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