## St Clare & St Francis Trust
_Charity registration number 1055377_
_Report of the Trustees and_
_Financial Statements_
_For the Year Ended 31st March 2022_
KINGCOTT ACCOUNTANTS 19 Brockenhurst Rd Martins Heron Bracknell, RG12 9FJ
## **St Clare & St Francis Trust**
## **Reference and administrative details of the charity,**
## **its trustees and advisors**
## **Trustees**
Dr N R Grey Professor M C Grey R Kadritzke Rev J Boulton-Reynolds
## **Charity Number**
## **Registered address**
## **Independent examiner's**
## **Bankers**
1055377 West Mill Fullerton Road Wherwell Andover Hants SP11 7JS Kingcott Accountants Ltd 19 Brockenhurst Road Martins Heron Bracknell RG12 9FJ Child & Co 1 Fleet Street London EC4Y 1BD
## **Investment Manager**
J M Finn & Co Salisbury House London Wall London EC2M 5TA
**St Clare & St Francis Trust**
## **TRUSTEES REPORT**
For the Year Ended 31st March 2022
The trustees present their report and the financial statements for the financial year.
## **Management and Governance**
The charity was established by Trust Deed dated 11th November 1985 and is registered at the Charities Commission under number 1055377.
The trustees who served during the year were Dr N R Grey, Professor M C Grey, R Kadritzke and Rev J Boulton-Reynolds .
The charity is indebted for the continuing voluntary commitment of the trustees.
## **Objectives and Activities**
The main objects of the Trust are to support charitable work throughout the world, in particular, charities with a development and justice focus.
## **Achievements and performance**
Grants of £135,085 much lower than the £180,573 of last year which was a very high level for the charity. That had reflected the delayed spending in the first quarter of of 2020 whilst priorities were reassessed due to the Coronavirus pandemic. Then in the 2nd quarter of 2020, the first quarter of the financial year 2020-21, Trustees agreed to a higher than normal level of funding with a focus on supporting communities impacted by the pandemic.
Trustees maintained a focus on the Indian subcontinent and the Middle East where the trustees have first hand experiences of the problems that face these communities. In Rajasthan, India infrastructure projects were postponed or reduced in favour of emergency relief to village communities who needed extra support during the Coronavirus pandemic.
The trustees have continued their investment policy of investing mainly in UK shares offering either good growth prospects or yielding a high income. £111,410 of shares were sold in the year with a realised gain of £47,789.
Ethical considerations have dictated that the shares of companies engaged in arms manufacture, oil and mineral extraction or tobacco are not bought.
## **Financial Review**
All funds are unrestricted and reduced by £102,999 in the year to £714,316. In addition to investment income the charity also received £29,922 in voluntary income.
Page 1
**St Clare & St Francis Trust**
## **TRUSTEES REPORT**
## For the Year Ended 31st March 2022
## **Statement of trustees' responsibilities**
The financial statements have been prepared in accordance with applicable accounting standards and with current charity law in the form of "Accounting and Reporting by Charities", the statement of recommended practice (SORP) in order to give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.
By order of the trustees
Dr Nicholas Grey (Trustee)
Date
Page 2
**St Clare & St Francis Trust**
## **STATEMENT OF FINANCIAL ACTIVITIES**
For the Year Ended 31st March 2022
|Notes
**2022**
**2021**
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
**Incoming Resources**
Voluntary income
1
29,922
-
29,922
39,874
Investment Income
14,544
-
14,544
13,705
44,466
-
44,466
53,579
**Resources expended**
Costs of generating funds
Cost of generating voluntary income
-
-
-
-
Investment management costs
2,628
-
2,628
2,754
Charitable activities (grants)
2
135,085
-
135,085
180,573
Governance costs (accounts)
1,032
-
1,032
1,032
Other resources expended
3
7
-
7
7
138,752
-
138,752
184,366
**Net incoming/(outgoing) resources**
(94,286)
-
(94,286)
(130,787)
**Other Recognised Gains and Losses**
Unrealised gains / (losses) on investment assets
(56,502)
-
(56,502)
143,169
Realised gains / (losses) on investment assets
47,789
47,789
(48)
**Net movement in funds**
(102,999)
-
(102,999)
12,334
**Total funds brought forward**
817,315
-
817,315
804,981
**Total funds carried forward**
714,316
-
714,316
817,315|Notes
**2022**
**2021**
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
**Incoming Resources**
Voluntary income
1
29,922
-
29,922
39,874
Investment Income
14,544
-
14,544
13,705
44,466
-
44,466
53,579
**Resources expended**
Costs of generating funds
Cost of generating voluntary income
-
-
-
-
Investment management costs
2,628
-
2,628
2,754
Charitable activities (grants)
2
135,085
-
135,085
180,573
Governance costs (accounts)
1,032
-
1,032
1,032
Other resources expended
3
7
-
7
7
138,752
-
138,752
184,366
**Net incoming/(outgoing) resources**
(94,286)
-
(94,286)
(130,787)
**Other Recognised Gains and Losses**
Unrealised gains / (losses) on investment assets
(56,502)
-
(56,502)
143,169
Realised gains / (losses) on investment assets
47,789
47,789
(48)
**Net movement in funds**
(102,999)
-
(102,999)
12,334
**Total funds brought forward**
817,315
-
817,315
804,981
**Total funds carried forward**
714,316
-
714,316
817,315|Notes
**2022**
**2021**
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
**Incoming Resources**
Voluntary income
1
29,922
-
29,922
39,874
Investment Income
14,544
-
14,544
13,705
44,466
-
44,466
53,579
**Resources expended**
Costs of generating funds
Cost of generating voluntary income
-
-
-
-
Investment management costs
2,628
-
2,628
2,754
Charitable activities (grants)
2
135,085
-
135,085
180,573
Governance costs (accounts)
1,032
-
1,032
1,032
Other resources expended
3
7
-
7
7
138,752
-
138,752
184,366
**Net incoming/(outgoing) resources**
(94,286)
-
(94,286)
(130,787)
**Other Recognised Gains and Losses**
Unrealised gains / (losses) on investment assets
(56,502)
-
(56,502)
143,169
Realised gains / (losses) on investment assets
47,789
47,789
(48)
**Net movement in funds**
(102,999)
-
(102,999)
12,334
**Total funds brought forward**
817,315
-
817,315
804,981
**Total funds carried forward**
714,316
-
714,316
817,315|
|---|---|---|
|||44,466
-
44,466
53,579|
|||-
-
-
-
2,628
-
2,628
2,754
135,085
-
135,085
180,573
1,032
-
1,032
1,032
7
-
7
7|
|||138,752
-
138,752
184,366|
|||(94,286)
-
(94,286)
(130,787)|
|||(56,502)
-
(56,502)
143,169|
|||47,789
47,789
(48)|
|||(102,999)
-
(102,999)
12,334|
|||817,315
-
817,315
804,981|
||||
|||714,316
-
714,316
817,315|
The notes on pages 5 to 7 form part of the accounts
Page 3
**St Clare & St Francis Trust**
## **BALANCE SHEET**
As at 31st March 2022
|Notes
£
£
**Fixed assets**
Tangible assets
4
12
Investments
5
615,213
615,225
**Current assets**
Debtors
6
-
Cash at bank and in hand
100,154
100,154
**Creditors:amounts falling due**
**within one year**
7
1,063
**Net Current assets**
99,091
714,316
**Represented by Funds**
Unrestricted funds
714,316
714,316
**Approved by the trustees and signed on its behalf by**
**TRUSTEE**
Date
**2022**|Notes
£
£
**Fixed assets**
Tangible assets
4
12
Investments
5
615,213
615,225
**Current assets**
Debtors
6
-
Cash at bank and in hand
100,154
100,154
**Creditors:amounts falling due**
**within one year**
7
1,063
**Net Current assets**
99,091
714,316
**Represented by Funds**
Unrestricted funds
714,316
714,316
**Approved by the trustees and signed on its behalf by**
**TRUSTEE**
Date
**2022**|£
19
725,217
725,236
-
93,142
93,142
1,063
92,079
817,315
817,315
817,315
**2021**|£
19
725,217
725,236
-
93,142
93,142
1,063
92,079
817,315
817,315
817,315
**2021**|
|---|---|---|---|
||615,225
99,091||725,236
92,079|
|||93,142
1,063||
|||||
||714,316||817,315|
||714,316||817,315|
||714,316||817,315|
||Date|||
The notes on pages 5 to 7 form part of the accounts
Page 4
**St Clare & St Francis Trust**
For the Year Ended 31st March 2022
## **NOTES TO FINANCIAL STATEMENTS**
## 1 ACCOUNTING POLICIES
The following are accounting policies considered material in relation to the charity's accounts:
## **Accounting convention**
The financial statements have been prepared on the accruals basis under the historical cost convention and in accordance with Statement of Recommended Practice "Accounting and Reporting By Charities ( 2008)"
## **Investments**
Investments are valued at market value at the year end and all revaluations are reflected in the Statement of Financial Activities.
## **Unrestricted funds**
All funds are unrestricted.
## **Expenditure and tangible income**
Income and expenditure is accounted for on an accruals basis with the exception of dividend income which is accounted for as received.
## **Intangible income**
A valuation has not been made of the benefit to the charity of voluntary services donated by trustees.
## 2 CHARITABLE ACTIVITIES (GRANTS)
|CHARITABLE ACTIVITIES (GRANTS)
ABCD Charitable Trust
Bike project
CAFOD
Care International
Church Action on Poverty
Dalit Solidarity Network
Dorcass Anderson
Embrace the Middle East
Freedom from Torture
Friends of Hope
Gaza Strip support
GRAVIS
Housing Justice
Lambeth Tigers Foundation
Medecins sans frontieres
Mount Carmel
Pratham Tyagi Memorial Trust
RBKS girls school
Saaksahar School
Santa Maria Education Fund
Survivors Fund
Village Service Trust
Womankind Worldwide
Identify and monitor charitable work.
Charitable donations worldwide (less than £1,000 each)|**2022**
**2021**
Number of
Total
Total
Grants
Funds
Funds
£
£
1
1,500
2,000
-
-
3,000
1
11,000
2,000
-
-
40,000
1
1,000
1,000
1
4,000
5,000
1
1,830
1,680
4
16,500
11,500
1
2,000
2,000
1
5,000
5,000
-
-
5,030
2
35,833
34,356
1
1,000
1,000
1
5,000
5,000
3
25,000
36,000
-
-
1,000
-
-
1,030
1
18,422
16,977
-
-
-
1
1,000
1,000
1
2,000
2,000
1
1,000
1,000
1
1,000
1,000
-
-
-
4
2,000
2,000|
|---|---|
||27
135,085
180,573|
Page 5
**St Clare & St Francis Trust**
## **NOTES TO FINANCIAL STATEMENTS**
## For the Year Ended 31st March 2022
## 3 OTHER RESOURCES EXPENDED
|Depreciation
Admin/Office|**2022**
**2021**
Total
Total
Funds
Funds
£
£
7
7
-
-|
|---|---|
||7
7|
## 4 TANGIBLE FIXED ASSETS
|**Cost:**
As at the beginning of the year
Additions
As at the end of the year
**Depreciation:**
As at the beginning of the year
Charge for year
As at the end of the year
**Net book value:**
As at the end of the year
As at the beginning of the year|Office
Computer
Total
Equipment
Equipment
£
£
£
1,204
2,884
4,088
-
-
-|
|---|---|
||1,204
2,884
4,088|
||1,203
2,866
4,069
1
6
7|
||1,204
2,872
4,076|
||-
12
12|
||1
18
19|
Page 6
**St Clare & St Francis Trust**
## **NOTES TO FINANCIAL STATEMENTS**
## For the Year Ended 31st March 2022
## 5 FIXED ASSET INVESTMENTS
Quoted investments are held by J M Finn & Co who act as investment managers for the trustees under the powers of delegation set out in the trust deed.
|**Movement in quoted investments**
Market value at beginning of year
Purchases at cost
Gifted shares
Disposals at market value
Change in bank balance-uninvested funds
Unrealised gains/(losses)
Realised gains/(losses)
Market value at end of year|**2022**
**2021**
£
£
725,217
694,939
1,075
32,222
29,922
39,874
(111,410)
(6,927)
(20,878)
(178,012)
(56,502)
143,169
47,789
(48)|
|---|---|
||615,213
725,217|
## 6 DEBTORS
|Loan to Lambeth Tigers Foundation
Accrued interest
Income Tax Recoverable
CREDITORS:amounts falling due within one year
Loan from trustee
Accruals|-
-
-
-
-
-|
|---|---|
||-
-|
||-
-
1,063
1,063|
||1,063
1,063|
## 7 CREDITORS:amounts falling due within one year
## 8 TRUSTEES REMUNERATION
Trustees received no remuneration from the charity for the year (or previous year).
## 9 CONTINGENCIES AND COMMITMENTS
There were neither contingency liabilities nor financial commitments as at the end of year. Last year: none.
Page 7
## St Clare & St Francis Trust
_Charity registration number 1055377_
_Report of the Trustees and_
_Financial Statements_
_For the Year Ended 31st March 2022_
KINGCOTT ACCOUNTANTS 19 Brockenhurst Rd Martins Heron Bracknell, RG12 9FJ
## **St Clare & St Francis Trust**
## **Reference and administrative details of the charity,**
## **its trustees and advisors**
## **Trustees**
Dr N R Grey Professor M C Grey R Kadritzke Rev J Boulton-Reynolds
## **Charity Number**
## **Registered address**
## **Independent examiner's**
## **Bankers**
1055377 West Mill Fullerton Road Wherwell Andover Hants SP11 7JS Kingcott Accountants Ltd 19 Brockenhurst Road Martins Heron Bracknell RG12 9FJ Child & Co 1 Fleet Street London EC4Y 1BD
## **Investment Manager**
J M Finn & Co Salisbury House London Wall London EC2M 5TA
**St Clare & St Francis Trust**
## **TRUSTEES REPORT**
For the Year Ended 31st March 2022
The trustees present their report and the financial statements for the financial year.
## **Management and Governance**
The charity was established by Trust Deed dated 11th November 1985 and is registered at the Charities Commission under number 1055377.
The trustees who served during the year were Dr N R Grey, Professor M C Grey, R Kadritzke and Rev J Boulton-Reynolds .
The charity is indebted for the continuing voluntary commitment of the trustees.
## **Objectives and Activities**
The main objects of the Trust are to support charitable work throughout the world, in particular, charities with a development and justice focus.
## **Achievements and performance**
Grants of £135,085 much lower than the £180,573 of last year which was a very high level for the charity. That had reflected the delayed spending in the first quarter of of 2020 whilst priorities were reassessed due to the Coronavirus pandemic. Then in the 2nd quarter of 2020, the first quarter of the financial year 2020-21, Trustees agreed to a higher than normal level of funding with a focus on supporting communities impacted by the pandemic.
Trustees maintained a focus on the Indian subcontinent and the Middle East where the trustees have first hand experiences of the problems that face these communities. In Rajasthan, India infrastructure projects were postponed or reduced in favour of emergency relief to village communities who needed extra support during the Coronavirus pandemic.
The trustees have continued their investment policy of investing mainly in UK shares offering either good growth prospects or yielding a high income. £111,410 of shares were sold in the year with a realised gain of £47,789.
Ethical considerations have dictated that the shares of companies engaged in arms manufacture, oil and mineral extraction or tobacco are not bought.
## **Financial Review**
All funds are unrestricted and reduced by £102,999 in the year to £714,316. In addition to investment income the charity also received £29,922 in voluntary income.
Page 1
**St Clare & St Francis Trust**
## **TRUSTEES REPORT**
## For the Year Ended 31st March 2022
## **Statement of trustees' responsibilities**
The financial statements have been prepared in accordance with applicable accounting standards and with current charity law in the form of "Accounting and Reporting by Charities", the statement of recommended practice (SORP) in order to give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.
By order of the trustees
Dr Nicholas Grey (Trustee)
Date
Page 2
**St Clare & St Francis Trust**
## **STATEMENT OF FINANCIAL ACTIVITIES**
For the Year Ended 31st March 2022
|Notes
**2022**
**2021**
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
**Incoming Resources**
Voluntary income
1
29,922
-
29,922
39,874
Investment Income
14,544
-
14,544
13,705
44,466
-
44,466
53,579
**Resources expended**
Costs of generating funds
Cost of generating voluntary income
-
-
-
-
Investment management costs
2,628
-
2,628
2,754
Charitable activities (grants)
2
135,085
-
135,085
180,573
Governance costs (accounts)
1,032
-
1,032
1,032
Other resources expended
3
7
-
7
7
138,752
-
138,752
184,366
**Net incoming/(outgoing) resources**
(94,286)
-
(94,286)
(130,787)
**Other Recognised Gains and Losses**
Unrealised gains / (losses) on investment assets
(56,502)
-
(56,502)
143,169
Realised gains / (losses) on investment assets
47,789
47,789
(48)
**Net movement in funds**
(102,999)
-
(102,999)
12,334
**Total funds brought forward**
817,315
-
817,315
804,981
**Total funds carried forward**
714,316
-
714,316
817,315|Notes
**2022**
**2021**
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
**Incoming Resources**
Voluntary income
1
29,922
-
29,922
39,874
Investment Income
14,544
-
14,544
13,705
44,466
-
44,466
53,579
**Resources expended**
Costs of generating funds
Cost of generating voluntary income
-
-
-
-
Investment management costs
2,628
-
2,628
2,754
Charitable activities (grants)
2
135,085
-
135,085
180,573
Governance costs (accounts)
1,032
-
1,032
1,032
Other resources expended
3
7
-
7
7
138,752
-
138,752
184,366
**Net incoming/(outgoing) resources**
(94,286)
-
(94,286)
(130,787)
**Other Recognised Gains and Losses**
Unrealised gains / (losses) on investment assets
(56,502)
-
(56,502)
143,169
Realised gains / (losses) on investment assets
47,789
47,789
(48)
**Net movement in funds**
(102,999)
-
(102,999)
12,334
**Total funds brought forward**
817,315
-
817,315
804,981
**Total funds carried forward**
714,316
-
714,316
817,315|Notes
**2022**
**2021**
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
**Incoming Resources**
Voluntary income
1
29,922
-
29,922
39,874
Investment Income
14,544
-
14,544
13,705
44,466
-
44,466
53,579
**Resources expended**
Costs of generating funds
Cost of generating voluntary income
-
-
-
-
Investment management costs
2,628
-
2,628
2,754
Charitable activities (grants)
2
135,085
-
135,085
180,573
Governance costs (accounts)
1,032
-
1,032
1,032
Other resources expended
3
7
-
7
7
138,752
-
138,752
184,366
**Net incoming/(outgoing) resources**
(94,286)
-
(94,286)
(130,787)
**Other Recognised Gains and Losses**
Unrealised gains / (losses) on investment assets
(56,502)
-
(56,502)
143,169
Realised gains / (losses) on investment assets
47,789
47,789
(48)
**Net movement in funds**
(102,999)
-
(102,999)
12,334
**Total funds brought forward**
817,315
-
817,315
804,981
**Total funds carried forward**
714,316
-
714,316
817,315|
|---|---|---|
|||44,466
-
44,466
53,579|
|||-
-
-
-
2,628
-
2,628
2,754
135,085
-
135,085
180,573
1,032
-
1,032
1,032
7
-
7
7|
|||138,752
-
138,752
184,366|
|||(94,286)
-
(94,286)
(130,787)|
|||(56,502)
-
(56,502)
143,169|
|||47,789
47,789
(48)|
|||(102,999)
-
(102,999)
12,334|
|||817,315
-
817,315
804,981|
||||
|||714,316
-
714,316
817,315|
The notes on pages 5 to 7 form part of the accounts
Page 3
**St Clare & St Francis Trust**
## **BALANCE SHEET**
As at 31st March 2022
|Notes
£
£
**Fixed assets**
Tangible assets
4
12
Investments
5
615,213
615,225
**Current assets**
Debtors
6
-
Cash at bank and in hand
100,154
100,154
**Creditors:amounts falling due**
**within one year**
7
1,063
**Net Current assets**
99,091
714,316
**Represented by Funds**
Unrestricted funds
714,316
714,316
**Approved by the trustees and signed on its behalf by**
**TRUSTEE**
Date
**2022**|Notes
£
£
**Fixed assets**
Tangible assets
4
12
Investments
5
615,213
615,225
**Current assets**
Debtors
6
-
Cash at bank and in hand
100,154
100,154
**Creditors:amounts falling due**
**within one year**
7
1,063
**Net Current assets**
99,091
714,316
**Represented by Funds**
Unrestricted funds
714,316
714,316
**Approved by the trustees and signed on its behalf by**
**TRUSTEE**
Date
**2022**|£
19
725,217
725,236
-
93,142
93,142
1,063
92,079
817,315
817,315
817,315
**2021**|£
19
725,217
725,236
-
93,142
93,142
1,063
92,079
817,315
817,315
817,315
**2021**|
|---|---|---|---|
||615,225
99,091||725,236
92,079|
|||93,142
1,063||
|||||
||714,316||817,315|
||714,316||817,315|
||714,316||817,315|
||Date|||
The notes on pages 5 to 7 form part of the accounts
Page 4
**St Clare & St Francis Trust**
For the Year Ended 31st March 2022
## **NOTES TO FINANCIAL STATEMENTS**
## 1 ACCOUNTING POLICIES
The following are accounting policies considered material in relation to the charity's accounts:
## **Accounting convention**
The financial statements have been prepared on the accruals basis under the historical cost convention and in accordance with Statement of Recommended Practice "Accounting and Reporting By Charities ( 2008)"
## **Investments**
Investments are valued at market value at the year end and all revaluations are reflected in the Statement of Financial Activities.
## **Unrestricted funds**
All funds are unrestricted.
## **Expenditure and tangible income**
Income and expenditure is accounted for on an accruals basis with the exception of dividend income which is accounted for as received.
## **Intangible income**
A valuation has not been made of the benefit to the charity of voluntary services donated by trustees.
## 2 CHARITABLE ACTIVITIES (GRANTS)
|CHARITABLE ACTIVITIES (GRANTS)
ABCD Charitable Trust
Bike project
CAFOD
Care International
Church Action on Poverty
Dalit Solidarity Network
Dorcass Anderson
Embrace the Middle East
Freedom from Torture
Friends of Hope
Gaza Strip support
GRAVIS
Housing Justice
Lambeth Tigers Foundation
Medecins sans frontieres
Mount Carmel
Pratham Tyagi Memorial Trust
RBKS girls school
Saaksahar School
Santa Maria Education Fund
Survivors Fund
Village Service Trust
Womankind Worldwide
Identify and monitor charitable work.
Charitable donations worldwide (less than £1,000 each)|**2022**
**2021**
Number of
Total
Total
Grants
Funds
Funds
£
£
1
1,500
2,000
-
-
3,000
1
11,000
2,000
-
-
40,000
1
1,000
1,000
1
4,000
5,000
1
1,830
1,680
4
16,500
11,500
1
2,000
2,000
1
5,000
5,000
-
-
5,030
2
35,833
34,356
1
1,000
1,000
1
5,000
5,000
3
25,000
36,000
-
-
1,000
-
-
1,030
1
18,422
16,977
-
-
-
1
1,000
1,000
1
2,000
2,000
1
1,000
1,000
1
1,000
1,000
-
-
-
4
2,000
2,000|
|---|---|
||27
135,085
180,573|
Page 5
**St Clare & St Francis Trust**
## **NOTES TO FINANCIAL STATEMENTS**
## For the Year Ended 31st March 2022
## 3 OTHER RESOURCES EXPENDED
|Depreciation
Admin/Office|**2022**
**2021**
Total
Total
Funds
Funds
£
£
7
7
-
-|
|---|---|
||7
7|
## 4 TANGIBLE FIXED ASSETS
|**Cost:**
As at the beginning of the year
Additions
As at the end of the year
**Depreciation:**
As at the beginning of the year
Charge for year
As at the end of the year
**Net book value:**
As at the end of the year
As at the beginning of the year|Office
Computer
Total
Equipment
Equipment
£
£
£
1,204
2,884
4,088
-
-
-|
|---|---|
||1,204
2,884
4,088|
||1,203
2,866
4,069
1
6
7|
||1,204
2,872
4,076|
||-
12
12|
||1
18
19|
Page 6
**St Clare & St Francis Trust**
## **NOTES TO FINANCIAL STATEMENTS**
## For the Year Ended 31st March 2022
## 5 FIXED ASSET INVESTMENTS
Quoted investments are held by J M Finn & Co who act as investment managers for the trustees under the powers of delegation set out in the trust deed.
|**Movement in quoted investments**
Market value at beginning of year
Purchases at cost
Gifted shares
Disposals at market value
Change in bank balance-uninvested funds
Unrealised gains/(losses)
Realised gains/(losses)
Market value at end of year|**2022**
**2021**
£
£
725,217
694,939
1,075
32,222
29,922
39,874
(111,410)
(6,927)
(20,878)
(178,012)
(56,502)
143,169
47,789
(48)|
|---|---|
||615,213
725,217|
## 6 DEBTORS
|Loan to Lambeth Tigers Foundation
Accrued interest
Income Tax Recoverable
CREDITORS:amounts falling due within one year
Loan from trustee
Accruals|-
-
-
-
-
-|
|---|---|
||-
-|
||-
-
1,063
1,063|
||1,063
1,063|
## 7 CREDITORS:amounts falling due within one year
## 8 TRUSTEES REMUNERATION
Trustees received no remuneration from the charity for the year (or previous year).
## 9 CONTINGENCIES AND COMMITMENTS
There were neither contingency liabilities nor financial commitments as at the end of year. Last year: none.
Page 7
# **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE**
# **ST CLARE & ST FRANCIS TRUST**
## **Registered Charity number 1055377**
I report on the accounts of the Charity for the year ended 31[st] March 2022
## **Respective responsibilities of the trustees and the examiner**
The trustees of the charity are responsible for the preparation of the accounts. They consider the audit requirement of section 43(2) of the Charities Act 1993 (“the Act”) does not apply.
It is my responsibility to:
- Examine the accounts (under section 43(3)(a) of the Act;
- To follow the procedures laid down in the general directions given by the Charity Commissioners (under section 43(7)(b) of the Act; and
- To state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts and seeking explanations concerning such matters. The procedures undertaken to not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent Examiners Statement**
In connection with my examination no matter has come to my attention
i) which gives me reasonable cause to believe that in any material respects the requirements
- To keep accounting records in accordance with section 41 of the Act and
- To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the act,
have not been met; and
ii) To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date………………….
Timothy Kingcott ACMA ATT
Kingcott Accountants Ltd 19 Brockenhurst Road Martins Heron, Bracknell RG12 9FJ