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REGISTERED COMPANY NUMBER: 00041482 (England and Wales)
REGISTERED CHARITY NUMBER: 207236











CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 7 to 11

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2025



TRUSTEES Mrs J R Barker
Miss D Bell
Mrs P A Castle
Mrs K Croll
Mrs A Heath
Dr L M Hendy
Mrs K M Ind
Mrs P A Pavey
Mrs C M Sorensen


REGISTERED OFFICE Second Floor Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1ER


REGISTERED COMPANY NUMBER 00041482 (England and Wales)


REGISTERED CHARITY NUMBER 207236


INDEPENDENT EXAMINER Galloways Accounting (Horsham) Limited
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY


SOLICITORS SMR Solicitors
50 Westgate
Chichester
West Sussex
PO19 3HE

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION (REGISTERED NUMBER: 00041482)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025



The trustees, who are also directors of the charity for the purpose of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015).

The Church Schoolmasters and Schoolmistresses' Benevolent Institution (CSSBI) was established on the 2nd January 1857, becoming a charitable company limited by guarantee in June 1894. It is governed by Articles of Association which were last amended by special resolution on 11th May 2011.

We are extremely grateful to those members and friends who continue to support us and in particular to our Vice-Patrons: His Grace the Archbishop of Canterbury, His Grace the Archbishop of York and His Grace the Archbishop of Wales. We also are very pleased to thank our President, the Right Reverend and Right Honourable the Lord Bishop of London DBE.

The CSSBI Council of Trustees have taken the decision to close the Charity.
After much thought, prayer and discussion, in December 2022 the Trustees decided to close the Charity. CSSBI's Patrons were notified of the intended closure in August 2023. The notice of closure was put on the CSSBI's website in September 2023. The CSSBI was then closed to new applications, but it was agreed that applications already made would be dealt with as normal. The final applications were assessed in February 2024.

There were five main reasons for closure. They were discussed at length and agreed by all the trustees. They were confirmed as sufficient reasons for closure by the Charities Commission.
o The Equality, Diversity and Inclusion Acts mean that we are no longer able to continue with the original purpose. The money was donated for a Christian charity and for Christian teachers. Even after updating the charity's Articles of Association in May 2011, we are now no longer able to guarantee this.
o Society has changed, people have different expectations and ideas of what constitutes being necessitous.
o There has been a significant change in the cause we were created to address. For example, retired teachers now have pensions.
o We are unable to recruit suitable trustees. The current Council of the CSSBI does not show diversity and we would be unable to recruit new trustees if we are knowingly not meeting D, I & E regulations.
o We believe we could achieve more for our cause by transferring our assets to other organisations. CSSBI have looked at other organisations with similar purposes to CSSBI.

The trustees then spent a great deal of time finding, investigating and discussing, with the Administrator's help, other charities with similar purposes to the CSSBI. It was agreed to divide the financial assets, once in the form of cash, equally amongst four of them.

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives for which the charity was established where to provide for 'necessitous' present or former teachers/lecturers and those in teacher training who are members of the Church of England or of another recognised Christian denomination by giving financial assistance in times of affliction, disablement or other misfortune, and on their demise to provide for their financial dependants, such financial assistance to include (but not be limited to) assistance towards the cost of subsistence and education in each case anywhere within England and Wales.

Public benefit
The trustees have referred to the advice contained in the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and in planning for future activities. The scope of the charity was revised in May 2011. The trustees aimed to widen their remit without causing detriment to the current beneficiaries. They agreed that when considering applications for assistance, they would use the Churches Together in England, and the Churches Together in Wales documents listing recognised Christian denominations.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees were able to help a great many people needing financial support.
They have very much appreciated the many cards, emails and thank-you notes from successful applicants who have been helped in various ways. They are pleased that the CSSBI has made a difference to the lives of many people this year, by, for example, granting financial aid for:
o Council Tax, mortgage, rent and utility arrears
o Council Tax liability orders
o Rent arrears to prevent eviction
o Modifications to bathrooms for retired teachers with mobility issues
o Replacement boiler for family with young children
o Food vouchers for families with young children
o Vouchers for household furnishings
o Clothing vouchers for teacher due to cessation of supply work due to illness
o Financial assistance
o Replacement windows for family with unwell child
o Deposit and rent in advance to enable teacher to move to a more affordable property.


CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION (REGISTERED NUMBER: 00041482)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025


FINANCIAL REVIEW
Financial position
Financial figures
At close 31st March 2025
Barclays deposit £0.00 - Closed 20th March 2025
Barclays current £263,518.47

Deposits
All the deposit accounts were closed by 31st March 2025.

Investments
Quilter Cheviot £ 27,188 (Confirmed by Ascot Lloyd)
Quilter £0 (Confirmed by Ascot Lloyd)

The CSSBI originally grew out of the needs of retiring teachers and their families when they fell on hard times. The charity's modern-day role continued to provide financial help for those in need as defined in the CSSBI Articles of Association.

Principal funding sources
The principal funding source for the activities of the charity will be the regular withdrawals from capital combined with any naturally arising income where appropriate from the cash on deposit and within the investment portfolios.

Reserves policy
The charity has total reserves of £283,578 at 31st March 2025. (2024: £2,344,649).
It has been agreed once all bills/invoices are paid the financial assets in the form of cash, will be equally divided between the 4 charities with similar purposes to the CSSBI.

The total value of all the assets remained strong and the CSSBI, although closing, was in a good position financially to help those in need, with established procedures to ensure that all transactions and projects were properly authorised.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution
The Church Schoolmasters and Schoolmistresses' Benevolent Institution (CSSBI) was established on 2nd January 1857, becoming a charitable company limited by guarantee in June 1894. It is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Company number: 41482. The trustees are all guarantors in a sum not exceeding £1 each.

The trustees are responsible for the general control and management of the charity. They have decided what needs to be done and how money is distributed.

Recruitment and appointment of new trustees
New Council members are recommended to the CSSBI Council by current members or by local clergy. It is preferable, but not altogether necessary, that they have a background in education. The Council must approve the nomination before the person takes up the responsibility of a trustee.

The trustees become members of the CSSBI Council. They are responsible for the general control and management of the charity. They decide what is to be done and how money is to be distributed to those in need. They deal with applications as they arise, and have a monthly meeting, usually by email.

Risk management
The trustees keep proper accounting records to ensure that their financial statements comply with the Companies Act 2006. They are responsible for the preparation of the accounts. They also make sure that they understand and take responsibility for safeguarding the assets of the charity. They take reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 7 July 2025 and signed on its behalf by:





Miss D Bell - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION


Independent examiner's report to the trustees of Church Schoolmasters And Schoolmistresses' Benevolent Institution ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the 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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Scott Harrower

Galloways Accounting (Horsham) Limited
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

14 July 2025

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM

Investment income 2 6,864 64,278
Other income - 200
Total 6,864 64,478

EXPENDITURE ON
Raising funds 3 1,489 21,033

Charitable activities
Beneficiary support
2,036,355 180,675
Total 2,037,844 201,708

Net gains/(losses) on investments (30,091 ) 223,796

NET INCOME/(EXPENDITURE) (2,061,071 ) 86,566


RECONCILIATION OF FUNDS
Total funds brought forward 2,344,649 2,258,083

TOTAL FUNDS CARRIED FORWARD 283,578 2,344,649

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION (REGISTERED NUMBER: 00041482)

BALANCE SHEET
31 MARCH 2025

2025 2024
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 9 - 2,203,119

CURRENT ASSETS
Debtors 10 27,695 2,395
Cash at bank 263,518 174,159
291,213 176,554

CREDITORS
Amounts falling due within one year 11 (7,635 ) (35,024 )

NET CURRENT ASSETS 283,578 141,530

TOTAL ASSETS LESS CURRENT LIABILITIES 283,578 2,344,649

NET ASSETS 283,578 2,344,649
FUNDS 13
Unrestricted funds 283,578 2,344,649
TOTAL FUNDS 283,578 2,344,649

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 7 July 2025 and were signed on its behalf by:





Miss D Bell - Trustee

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. INVESTMENT INCOME
2025 2024
£    £   
Investment income 4,419 58,467
Deposit account interest 2,445 5,811
6,864 64,278


CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


3. RAISING FUNDS

Investment management costs
2025 2024
£    £   
Portfolio management 1,489 21,033

4. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Beneficiary support

34,530 202 1,602 36,334

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£    £   
Hire of plant and machinery 744 990

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

Investment income 64,278
Other income 200
Total 64,478

EXPENDITURE ON
Raising funds 21,033

Charitable activities
Beneficiary support
180,675
Total 201,708

Net gains on investments 223,796

NET INCOME 86,566


RECONCILIATION OF FUNDS
Total funds brought forward 2,258,083

TOTAL FUNDS CARRIED FORWARD 2,344,649

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2024 599
Disposals (599 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 599
Eliminated on disposal (599 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

9. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 April 2024 2,203,119
Additions 16
Disposals (2,203,135 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 2,203,119

Analysis of investments:


31.3.2025 31.3.2024
Cash/Money Market 0% 2.10%
Fixed Interest - UK 0% 17.33%
Fixed Interest - Overseas 0% 9.01%
Equities - UK 0% 18.76%
Equities - Overseas 0% 46.46%
Other 100% 6.35%

Cost or valuation at 31 March 2025 is represented by:


Listed
Investments
£
Valuation in 2025 0.00

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£ £
Cost 0 1,675,451


Fixed asset investments were valued on an open market basis on 31 March 2025 by Ascot Lloyd.


CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 27,188 1,350
Prepayments 507 1,045
27,695 2,395

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 900
Other creditors - 21,150
Accrued expenses 7,635 12,974
7,635 35,024

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 2024
£    £   
Within one year - 662

13. MOVEMENT IN FUNDS
Net
movement At
At 1.4.24 in funds 31.3.25
£    £    £   
Unrestricted funds
General fund 2,344,649 (2,061,071 ) 283,578

TOTAL FUNDS 2,344,649 (2,061,071 ) 283,578

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 6,864 (2,037,844 ) (30,091 ) (2,061,071 )

TOTAL FUNDS 6,864 (2,037,844 ) (30,091 ) (2,061,071 )


Comparatives for movement in funds

Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 2,258,083 86,566 2,344,649

TOTAL FUNDS 2,258,083 86,566 2,344,649

CHURCH SCHOOLMASTERS AND
SCHOOLMISTRESSES' BENEVOLENT INSTITUTION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 64,478 (201,708 ) 223,796 86,566

TOTAL FUNDS 64,478 (201,708 ) 223,796 86,566

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.23 in funds 31.3.25
£    £    £   
Unrestricted funds
General fund 2,258,083 (1,974,505 ) 283,578

TOTAL FUNDS 2,258,083 (1,974,505 ) 283,578

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 71,342 (2,239,552 ) 193,705 (1,974,505 )

TOTAL FUNDS 71,342 (2,239,552 ) 193,705 (1,974,505 )

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.