BISHOP PHILPOTTS' AND DEAN BOYD'S CHURCH ENDOWMENT FUNDS
Relief of clergy and their dependants in particular need.
Objects
IN AUGMENTATION OF ANY BENEFICE UNDER THE PATRONAGE OF THE DEAN AND CHAPTER OF THE CATHEDRAL CHURCH OF TRURO AND SUBJECT THERETO IN AUGMENTATION OF ANY BENEFICE IN THE DIOCESE OF EXETER
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit of £7,297 for the year ended 5 April 2025, with total expenditure exceeding income. However, the charity held £46,465 in free reserves at year end, which the trustees note equates to 22 months of reserves, well above their stated policy target of 6-12 months.
What the accounts disclose
“The Charity received £25,415 income in the financial period, principally as dividend income from invested shares.” — page 3
“The Trustees believe it appropriate to hold between 6-12 months of annual income as reserves.” — page 4
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Giles Frampton
- Ian Christopher King
- JOHN ALBERT THOMAS LEE OBE DL
- Jennifer Ellis
- John Mark Yallop CBE
- Rev Catherine Edmonds
- Rev DEBORAH ANNE PARSONS
- Rev James Edmund Alexander Mustard
- Teresa Jane Turner
- Venerable Hilary Joan Dawson
- Very Reverend Stephen John Waine
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £25k | £33k |
| 05/04/2024 | £25k | £30k |
| 05/04/2023 | £25k | £30k |
| 05/04/2022 | £24k | £8k |
| 05/04/2021 | £23k | £4k |
Common questions
Is BISHOP PHILPOTTS' AND DEAN BOYD'S CHURCH ENDOWMENT FUNDS financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a deficit of £7,297 for the year ended 5 April 2025, with total expenditure exceeding income. However, the charity held £46,465 in free reserves at year end, which the trustees note equates to 22 months of reserves, well above their stated policy target of 6-12 months. Its FY2025 accounts were independently examined.