BELL RESTORATION FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31/12/01

The fund is a registered charity with the registered number 264606

The registered address is:-

Manitoba
Le Villocq Lane
Castel
GUERNSEY
GY5 7SF

The fund is governed by rules approved by the Winchester and Portsmouth Diocesan Guild of Church Bell Ringers (the Guild) in General Meeting. These rules were altered during 2001 (see review of the year).

The trustees, all of whom have served throughout the year ended 31/12/01 are:-

The trustees of the fund are the Guild Master, the Honorary Guild Treasurer, the Honorary Guild Secretary and two additional trustees one from each diocese, elected triennially by the Guild in General Meeting.

The independent examiner of the fund is Mr P Clarke ACIB.

The principal bankers are Lloyds Bank plc.

The activities of the Bell Restoration Fund are restricted to the area covered by the Anglican Dioceses of Winchester and Portsmouth. None of the Fund’s assets is a permanent endowment. There are no borrowing limits imposed in the governing rules. The trustees have no specific investment powers.

The main aims of the Funds are to provide financial assistance by way of grants to Churches, within the area mentioned above, incurring expenditure on the provision, maintenance, improvement or acoustics of their bells and bell installations, or for the maintenance of the fabric of their towers and belfries, to enable their bells to be properly rung in full circle.

Review of the year

Our income for 2001 reached a staggering £19,997. We received a legacy from the late Enid Treagus of £10,000 which boosted the income. Hampshire Bells, a CD produced by Roy LeMarechal has raised so far £2,000. Thank you Roy, you always come up with real money spinners for the BRF. Without these two amounts our income would have been down, the first time in a number of years.

Grants recommended by the Trustees and approved by the Annual General Meeting of the Guild amounted to £9,700. The Trustees, at their meeting on 24th November 2001, reduced the grant approved for Bitterne Park to nil as we were informed that the grant was no longer required.

The rules of the charity were altered during 2001 and the new rules came into force on 1st January 2002. The main effect of the changes is to allow grants to be agreed not only by the Guild in General meeting but by the Executive Committee. This allows the Trustees to react earlier to requests for grants.

The Trustees acknowledge with thanks the donations from the following towers:-

Christchurch Priory100.00
The Clatfords10.00
Hambledon35.00
Lymington25.00
Portsmouth Cathedral60.00
Shedfield40.00
Swanmore50.00
Wickham50.00
Winchester Cathedral250.00

The Trustees would like to thank all those who have donated time, energy and money towards the aims of the Bell Restoration Fund.

For and on behalf of the Trustees B J Fry and M Bubb 2nd March 2002

A full copy of the accounts is available from the Honorary Guild Treasurer on application.