BELL RESTORATION FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31/12/10

The fund is a registered charity with the registered number 264606

The registered address is:-

La Rejouissance
Lockerley Green
Lockerley
Romsey SO51 0JN

The fund is governed by rules approved by the Winchester and Portsmouth Diocesan Guild of Church Bell Ringers (the Guild) in General Meeting.

The trustees during 2010 were:-

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 LloydsTSB 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 and the future

Our income reduced again from 2009 to 2010 with a further reduction in deposit interest.

The feeling is that rates will shortly be increasing so the trustees will be exploring deposit opportunities when the funds mature in 2011.

Although donations from Districts are down this is entirely due to Basingstoke District donating surplus funds held for Herriard in 2009.

The ever popular W&P 200 club continues to provide a significant amount to our income and the Trustees thank Mark Esbester for running this.

Tower donations have again increased and the Trustees thank those towers who have donated in 2010.

Gift Aid is a useful way of giving to the BRF tax efficiently by tax paying Guild members. A Gift Aid donation of £10 will give a further £2.50 to the BRF.

A simple declaration on an envelope stating that “the amount enclosed is to be treated as a donation under Gift Aid” with your name and address is all that is needed. This should be sent direct to the Guild Treasurer (enclosed in an envelope). Alternatively if you wish to make a regular donation by standing order he has a form together with a bankers order that can be used.

A few years ago the Inland Revenue introduced a new method of giving to your favourite Charity. Within your self assessment return you are able to nominate your favourite Charity to receive any tax you have over paid. All you need to do is quote the number specific to the Charity and the Inland Revenue treat that as a Gift Aid donation and will transfer that amount to the Charity plus tax at basic rate. The number for the Bell Restoration Fund is BAA66LG.

A further way of donating is through pay roll giving. Not all firms offer this scheme so anyone wishing to take advantage of this should discuss this with their payroll officer.

During the year grants to the value of £6,000 were approved and the grant approved for St Barnabas, Southampton over six years ago has been withdrawn. We paid out grants during the year of £15,250 and have one grant of £3,500 approved but not yet paid. This is expected to be paid in early 2011.

A reminder to those applying for grants that the initial application needs to be with the Guild Treasurer at least 2 months before the Trustees meet. Trustees meet three times a year, before each of the Executive meetings and before the Guild AGM. Grants can only be approved at either the Executive meeting or AGM. Any approved at the Executive meetings are required to be ratified at the next Guild AGM. The forms required are to be found on the Guild’s website or can be obtained in paper form from the Guild Treasurer. It is very important that all of the documentation requested in the form is made available to the Trustees. We have again had instances when not all information has been available and we have been unable to make decisions as to the allocation of a grant. If an application is sent by e-mail then it should also be sent through the postal system. All applications are acknowledged so if no acknowledgment is received within a couple of weeks then a chaser should be sent.

The Trustees believe that the reserves of the Charity are adequate to meet our immediate need. We held a meeting in March 2010 with the Belfry Stewardship Committee when we discussed the ongoing bell stock survey being undertaken in the Guild area. This is still identifying possible calls on the BRF in the near future so we need to ensure our annual income is increased sufficiently for the Trustees to be able to support any future requests for grants.

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

Alverstoke£50
Catherington£300
Christchurch Priory£100
The Clatfords£50
Hambledon£100
Lymington£60
Portsmouth Cathedral£60
Ringwood£60
Romsey Abbey£200
Winchester Cathedral£300

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:

D A Strong
Trustee

M Bubb
Trustee
12th March 2011