REGISTERED CHARITY NUMBER: 1004457
Report of the Trustees and
Financial Statements
for the Year Ended 31 December 2020
for
CHRISTADELPHIAN SAMARITAN FUND
CHRISTADELPHIAN SAMARITAN FUND
Contents of the Financial Statements for the year ended 31 December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 13 |
CHRISTADELPHIAN SAMARITAN FUND
Report of the Trustees for the year ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trust was established to make donations to charitable organisations and to relieve persons from outside the Christadelphian community who are in poor or straitened circumstances or otherwise in need. The trust fulfils its objectives through grant making.
Public benefit
During the year the trust fulfilled its public benefit aims by way of its grants to various institutions from outside the Christadelphian community.
When planning grant making activities for the year, the trustees have considered the Commission's guidance on public benefit.
Volunteers
The trustees are grateful for the contribution made by volunteers in assisting the trust to carry out its activities. Because of the difficulties in quantifying economic value to the volunteers' time their contribution has not been included in the statement of financial activities.
ACHIEVEMENT AND PERFORMANCE
The trust has continued to make grants to a range of causes, including a number of payments to appeal funds set up in response to worldwide crises, thus fulfilling its public benefit aims. The major recipients are detailed in note 5 to the accounts.
FINANCIAL REVIEW
Financial position
The net incoming resources of the unrestricted fund for the year amounted to £18,528 and the fund balance carried forward at 31 December 2020 is £98,407.
The charity has been affected by the advent of the Covid-19 pandemic; this has resulted in reduced donation income during the year under review. However the receipt of a legacy has enabled the charity to maintain its grant making at a level comparable to the previous year.
Reserves policy
The reserves held are £98,407. The trustees have reviewed the reserves of the charity. This review included an assessment of the probable future levels of income and expenditure and the size and nature of the reserves. The review concluded that it was likely that there would be greater demands on the charity in the future and that the size of the reserves would enable the trustees to meet these calls on the charity.
FUTURE PLANS
The trustees intend to carry on providing grants in a manner similar to that of recent years.
Page 1
CHRISTADELPHIAN SAMARITAN FUND
Report of the Trustees for the year ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
The trust is an unincorporated trust, constituted under a trust deed dated 31 July 1991, and is Registered Charity number 1004457.
The trustees who served during the year are shown below. The trustees are appointed by the Board of Trustees. The trustees hold meetings quarterly, where they agree the trust's overall strategy and areas of activity such as investment, grant making, reserves and risk management.
The day-to-day administration of grants etc. is carried out by the Treasurer and the Secretary.
New trustees are provided with an induction pack which contains key information about the charity. They are also given information published by the Charity Commission on the duties and responsibilities of trustees.
The trustees have identified the major risks which the trust faces and procedures have been established to manage those risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1004457
Principal address
Westhaven House Arleston Way Solihull West Midlands B90 4LH
Trustees
D P Ensell Treasurer J M Buckler R Miles E Briley P Bromage R Deedman Assistant Secretary M Halstead Secretary M D Leinster
Independent Examiner
I T Bidmead Institute of Chartered Accountants in England and Wales Stanley Yule Chartered Accountants Waterside House Waterside Business Park 1649 Pershore Road Birmingham West Midlands B30 3DR
Solicitors
Shakespeare Martineau LLP No. 1 Colmore Square Birmingham B4 6AA
Page 2
CHRISTADELPHIAN SAMARITAN FUND
Report of the Trustees for the year ended 31 December 2020
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers Caf Bank Ltd Barclays Bank Plc 25 Kings Hill Avenue Leicester West Malling LE87 2BB Kent ME19 4JQ
Approved by order of the board of trustees on 22 April 2021 and signed on its behalf by:
D P Ensell - Trustee
M Halstead - Trustee
Page 3
Independent Examiner's Report to the Trustees of Christadelphian Samaritan Fund
Independent examiner's report to the trustees of Christadelphian Samaritan Fund
I report to the charity trustees on my examination of the accounts of Christadelphian Samaritan Fund (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
I T Bidmead Institute of Chartered Accountants in England and Wales Stanley Yule Chartered Accountants Waterside House Waterside Business Park 1649 Pershore Road Birmingham West Midlands B30 3DR
22 April 2021
Page 4
CHRISTADELPHIAN SAMARITAN FUND
Statement of Financial Activities for the year ended 31 December 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 149,583 Investment income 3 101 Total 149,684 EXPENDITURE ON Charitable activities 4 Grants 129,850 Expenses 346 Other 960 Total 131,156 NET INCOME/(EXPENDITURE) 18,528 RECONCILIATION OF FUNDS Total funds brought forward 79,879 TOTAL FUNDS CARRIED FORWARD 98,407 |
Restricted funds £ 1,125 - 1,125 1,125 - - 1,125 - - - |
2020 Total funds £ 150,708 101 150,809 130,975 346 960 132,281 18,528 79,879 98,407 |
2019 Total funds £ 116,196 131 116,327 134,211 1,198 990 136,399 (20,072) 99,951 79,879 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
CHRISTADELPHIAN SAMARITAN FUND
Balance Sheet 31 December 2020
| Unrestricted Restricted fund funds Notes £ £ CURRENT ASSETS Debtors 8 5,610 - Cash at bank 93,787 - 99,397 - CREDITORS Amounts falling due within one year 9 (990) - NET CURRENT ASSETS 98,407 - TOTAL ASSETS LESS CURRENT LIABILITIES 98,407 - NET ASSETS 98,407 - FUNDS 10 Unrestricted funds TOTAL FUNDS |
2020 Total funds £ 5,610 93,787 99,397 (990) 98,407 98,407 98,407 98,407 98,407 |
2019 Total funds £ 5,269 75,600 80,869 (990) 79,879 79,879 79,879 79,879 79,879 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 22 April 2021 and were signed on its behalf by:
D P Ensell - Trustee
M Halstead - Trustee
The notes form part of these financial statements
Page 6
CHRISTADELPHIAN SAMARITAN FUND
Notes to the Financial Statements for the year ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
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. Other expenditure is included on the accruals basis.
Governance costs
Governance costs include all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include all costs related to the independent examiners report and other sundry expenditure
Taxation
The charity is exempt from tax on its charitable activities. Irrecoverable VAT is charged to the category of expenditure for which it was incurred.
Tax recovered from voluntary income received under gift aid is recognised, where material, when the related income is receivable and is allocated to the income category to which the income relates.
Fund accounting
Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Volunteers
Because of the difficulties in quantifying economic value to the volunteers' time their contribution has not been included in the statement of financial activities.
continued...
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CHRISTADELPHIAN SAMARITAN FUND
Notes to the Financial Statements - continued for the year ended 31 December 2020
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Ecclesial Donations Individual Donations Gift aid Legacies |
2020 £ 48,296 10,950 19,263 72,199 150,708 |
2019 £ 60,139 18,766 16,760 20,531 |
| 116,196 |
3. INVESTMENT INCOME
| Deposit account interest CHARITABLE ACTIVITIES COSTS Grants Expenses |
Grant funding of activities (see note 5) £ 130,975 - 130,975 |
2020 £ 101 Support costs (see note 6) £ - 346 346 |
2019 £ 131 Totals £ 130,975 346 131,321 |
|---|---|---|---|
4. CHARITABLE ACTIVITIES COSTS
continued...
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CHRISTADELPHIAN SAMARITAN FUND
Notes to the Financial Statements - continued for the year ended 31 December 2020
5. GRANTS PAYABLE
The total grants paid to institutions during the year was as follows:
| Action Aid British Red Cross Christadelphian Meal a Day re Cameroon Christine Witcutt Memorial Fund DEC - Coronavirus Appeal DEC - Cyclone Idai DEC - Cyclone Kenneth DEC - Indonesia Heritage Children Jewish Clothing Relief Oxfam - Hidden Crises Oxfam Beirut Oxfam Save The Children ShelterBox Trust South Yorkshire Community Foundation The Trussell Trust UNHCR UK UNICEF UNICEF UK UNICEF - Children in Yemen Other |
2020 £ 2,000 2,000 1,250 - 5,000 - - - 1,000 1,000 - 5,000 2,000 2,000 2,000 - 2,000 5,000 5,000 2,000 - 93,725 £130,975 |
2019 £ 2,000 2,000 - 2,000 - 16,104 5,000 5,661 2,000 1,000 7,500 - 2,000 2,000 2,000 1,000 2,000 - 2,000 - 5,485 74,460 |
|---|---|---|
| £134,210 |
6.
SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Other resources expended | - | 960 | 960 |
| Expenses | 88 | 258 | 346 |
| 88 | 1,218 | 1,306 |
continued...
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CHRISTADELPHIAN SAMARITAN FUND
Notes to the Financial Statements - continued for the year ended 31 December 2020
6. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Finance
| Finance | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Total | ||||||
| Expenses | activities | |||||
| £ | £ | |||||
| Bank charges | 88 | 60 | ||||
| Governance costs | ||||||
| 2020 | 2019 | |||||
| Other | ||||||
| resources | Total | Total | ||||
| expended | Expenses | activities | activities | |||
| £ | £ | £ | £ | |||
| Sundries | - | 258 | 258 | 658 | ||
| Independent examination | 960 | - | 960 | 990 | ||
| Legal fees | - | - | - | 480 | ||
| 960 | 258 | 1,218 | 2,128 |
7. TRUSTEES' REMUNERATION AND BENEFITS
No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them.
Trustees' expenses
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors Income Tax Debtor |
2020 £ 1,917 3,693 5,610 |
2019 £ 1,916 3,353 5,269 |
|---|---|---|
continued...
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CHRISTADELPHIAN SAMARITAN FUND
Notes to the Financial Statements - continued for the year ended 31 December 2020
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Wateraid DEC Coronavirus 2020 Beirut Explosion TOTAL FUNDS |
2020 2019 £ £ 990 990 Net movement At At 1.1.20 in funds 31.12.20 £ £ £ 79,879 18,528 98,407 79,879 18,528 98,407 Incoming Resources Movement resources expended in funds £ £ £ 149,684 (131,156) 18,528 200 (200) - 100 (100) - 825 (825) - 1,125 (1,125) - 150,809 (132,281) 18,528 |
|---|---|
continued...
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CHRISTADELPHIAN SAMARITAN FUND
Notes to the Financial Statements - continued for the year ended 31 December 2020
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Comparatives for movement in funds | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.1.19 | in funds | funds | 31.12.19 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 99,114 | (20,700) | 1,465 | 79,879 |
| Restricted funds | ||||
| British Red Cross - Indonesia | 125 | (125) | - | - |
| Cyclones Idai & Kenneth and Africa Floods | ||||
| Relief | - | 1,353 | (1,353) | - |
| DEC - Indonesia | 361 | (299) | (62) | - |
| Medecins Sans Frontieres - Syria | 25 | - | (25) | - |
| Mercy Ships | 25 | (25) | - | - |
| Myanmar - DEC | 125 | (125) | - | - |
| Oxfam - Democratic Republic of the Congo | 25 | - | (25) | - |
| Shelter Box Myanmar | 125 | (125) | - | - |
| Sight Savers International | 13 | (13) | - | - |
| Wateraid | 13 | (13) | - | - |
| 837 | 628 | (1,465) | - | |
| TOTAL FUNDS | 99,951 | (20,072) | - | 79,879 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds British Red Cross - Indonesia Crisis Cyclones Idai & Kenneth and Africa Floods Relief DEC - Indonesia Mercy Ships Myanmar - DEC Shelter Box Myanmar Sight Savers International UNICEF - Yemen Wateraid TOTAL FUNDS |
Incoming resources £ 107,188 - 150 7,942 362 - - - - 485 200 9,139 116,327 |
Resources Movement expended in funds £ £ (127,888) (20,700) (125) (125) (150) - (6,589) 1,353 (661) (299) (25) (25) (125) (125) (125) (125) (13) (13) (485) - (213) (13) (8,511) 628 (136,399) (20,072) |
|---|---|---|
continued...
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CHRISTADELPHIAN SAMARITAN FUND
Notes to the Financial Statements - continued for the year ended 31 December 2020
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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