## **Trustees’ Annual Report for the period** **From 01/07/2023 To 30/06/2024** **Charity name: The Bishop’s Development Fund** ## **Charity registration number: 700588** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objectives of the trust are:
a) to promote any charitable purposes
within the former diocese of
Wakefield, which are in need of
spiritual or material assistance by
reason of social or economic
changes with a view to reinforcing
the work of the Church of England
among the people of that area.
b) To promote and assist the charitable
work of the Church Urban Fund.| |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|In planning for activity for the year the
Trustees considered the impact on the wider
community (for the public benefit) of the
grants made.
The key aim of the trust remains to support
locally based projects where mission not
maintenance is the mainstay of church life.
During the year 37 grant applications were
considered and grants (in full or in reduced
amounts) were awarded to 33 applicants.
The Trustees met visually on two occasions
– using Zoom software – a practice
established during the Covid pandemic and
continued for convenience.| |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 and have
considered the guidance issued by the
Charity Commission on public benefit.| **Additional information (optional)** |You may choose to include further statements|You may choose to include further statements|where relevant about:| |---|---|---| ||SORP reference|| |Policy on grant making|Para 1.38|The Trustees consider grant applications
from church organisations with the purpose
of supporting mission within the former
diocese of Wakefield specifically
encouraging:
•
Congregational growth – projects
which provide new facilities or
initiatives to encourage increased
attendance and support for churches
•
Attracting young people – new
initiatives to attract and retain young
worshippers
•
Community outreach – new projects
to bring wider benefits to the wider
local community, helping and working
with local people.
The Trustees look favourably on applications
for:
•
Initiatives to encourage the formation
of new Christian communities and
groups
•
Projects working across parish
boundaries
•
Environmental and green community
initiatives.
Applications are not normally approved for:
•
Salaries of paid staff
•
Purchase of equipment for “normal”
patterns of worship
•
Building work – including the repair
and restoration of church buildings.
Examples of the projects benefitting from
grants in the period are: mission to children
and families, toddler groups, youth work and
after school clubs, community lunches and
coffee mornings, warm spaces, contributions
towards community focused equipment and
training, holiday clubs, musical outreach and
missional events.| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|| |||| Other ## **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 Trustees have paid all approved grants
when requested by applicants. The grants
have financially facilitated projects identified
and carried out by the
applicants/beneficiaries.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The Trust holds sufficient investment assets
at current market value to fund grants for the
foreseeable future.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Trustees do not have a reserves policy.| |Amount of reserves held|Para 1.22|Nil.| |Reasons for holding zero
reserves|Para 1.22|Funds held by the Trust do not have
restrictions placed on them other than to be
used for the purposes of the Trust.| |Details of fund materially in
deficit|Para 1.24|Not applicable.| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Not applicable.| ## **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|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust Deed dated 12 August 1988 (as
amended on 11 November 2019 by
supplemental deed).| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Trust.| |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|The Trust has 4 ex-officio Trustees (Bishop
of Leeds, Archdeacons of Halifax and
Pontefract, Chair of the House of Laity), 2
nominated Trustees (Bishop of Wakefield
and Treasurer) and 3 co-opted Trustees.| |**Additional information (optional)**
You may choose to include further statements||where relevant about:| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** Charity name Bishop’s Development Fund Other name the charity uses Registered charity number 700588 Charity’s principal address Bishop’s Area Office Thornes Campus, Thornes Park WAKEFIELD WF2 8QZ ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Nicholas Baines|||| ||Peter Townley||To 25 September 2023|| ||William Braviner|||| ||Matthew Ambler|||| ||AnthonyRobinson|Chair||| ||Keith Liddle|Treasurer||| ||Angela Byram|||| ||Elizabeth Morton|||| ||Brian Pearson|||| ||Catherine Thatcher||From 5 May2024|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **----- Start of picture text -----**
Signature(s)
Full name(s) William Edward Braviner Brian Pearson
a
Position (eg Secretary,
Chair, etc) a [Trustee ] a Trustee
Date
16 October 2024
|
**----- End of picture text -----**
**Charity Name No (if any) The Bishop's Development Fund 700588 Receipts and payments accounts CC16a** **For the period** Period start date Period end date **To from 01/07/2023 30/06/2024** ## **Section A Receipts and payments** **Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ £ A1 Receipts** CBF Property Fund **4,664 - - 4,664 4,664** CBF Investment Fund **27,418 - - 27,418 28,419** CBF Deposit Fund **232 - - 232 450** Virgin Money Current Account **1 - - - - - - - - - - - - - - - - - - - -** _**Sub total** (Gross income for_ **32,314 - - 32,314 33,534** _AR)_ ~~=[==2>=]~~ **A2 Asset and investment sales, (see table).** Share Sale **29,235 - - 29,235 30,000 - - - - -** _**Sub total**_ **29,235 - - 29,235.00 30,000** ~~—————~~ _**Total receipts**_ **61,549 - - 61,549 63,534 A3 Payments** Grants **74,242 - - 74,242 72,151** Bank Charges **94 - - 94 92** Administration **1,000 - - 1,000 1,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -** _**Sub total**_ **[ 75,336 ] - - 75,336 73,243** ~~sa ===~~ **A4 Asset and investment purchases, (see table) - - - - - - - -** _**Sub total**_ **[ - ] - - - -** ~~==~~ _**Total payments**_ **75,336 - - 75,336 73,243** _**Net of receipts/(payments)**_ **- 13,787 - - - 13,787 - 9,709 A5 Transfers between funds - - - - - A6 Cash funds last year end 16,556 - - 16,556 26,265** _**Cash funds this year end**_ ~~———~~ **2,769 - - 2,769 16,556** CCXX R1 accounts (SS) 28/10/2024 1 ## **Section B Statement of assets and liabilities at the end of the period** ||||**Unrestricted**
**Restricted**||**Endowment**| |---|---|---|---|---|---| |**Categories**|**Details**||**funds**
**funds**||**funds**| ||||**to nearest £**
**to nearest £**||**to nearest £**| |**B1 Cash funds**|**88**
**-**
**-**
**2,681**
**-**
**-**
**-**
**-**
**-**
**2,769**
**-**
**-**
**_Total cash funds_**
Virgin Money Current Sccount
CBF Deposit Fund
~~—====~~||||| ||(agree balances with receipts and payments|(agree balances with receipts and payments|||| ||account(s))||OK
OK||OK| ||||**Unrestricted**
**Restricted**||**Endowment**| ||||**funds**
**funds**||**funds**| ||**Details**||**to nearest £**
**to nearest £**||**to nearest £**| |**B2 Other monetary assets**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
~~—==—~~||||| ||**Details**||**Fund to which**
**asset belongs**
**Cost (optional)**||**Current value**
**(optional)**| |**B3 Investment assets**|**429,274**
**1,005,629**
**78,844**
**86,937**
**-**
**-**
**-**
**-**
**-**
**-**
CBF Investment Fund (Shares)
CBD Property Fund (Shares)
~~oa~~||||| ||**Details**||**Fund to which**
**asset belongs**
**Cost (optional)**||**Current value**
**(optional)**| |**B4 Assets retained for the**
**charity’s own use**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
~~iss~~||||| ||||**Fund to which**
**Amount due**||**When due**| ||**Details**||**liability relates**
**(optional)**||**(optional)**| |**B5 Liabilities**|**-**
**-**
**-**
**-**
**-**
~~7~~||||| |Signed by one or two trustees on
behalf of all the trustees|Signature||Print Name||Date of
approval| ||16/10/2024
16/10/2024
William Edward Braviner
Brian Pearson
~~—~~||||| |CCXX R2 accounts (SS)|2||||28/10/2024| CCXX R2 accounts (SS) ## **INDEPENDENT EXAMINATION OF THE BISHOPS DEVELOPMENT FUND FOR THE YEAR ENDED 30 JUNE 2024** I have examined the documents and financial records provided to me for The Bishop’s Development Fund for the year ended 30 June 2024. The accounts presented on form CC16a show a true and fair view of the activities of the charity and there are no issues to bring to the attention of the Trustees. Lisa Hutton 08 October 2024