St Clare & St Francis Trust
Charity registration number 1055377
Report of the Trustees and
Financial Statements
For the Year Ended 31st March 2024
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 Dr Ben Grey Charity Number 1055377 Registered address West Mill Fullerton Road Wherwell Andover Hants SP11 7JS Independent examiner's Kingcott Accountants Ltd 19 Brockenhurst Road Martins Heron Bracknell RG12 9FJ Bankers 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 2024
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, Dr Ben 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 £177,129 were higher than the £159,960 of last year and continue at a very high level for the charity. This reflects the high needs of the people in all areas of work of the charity. Increasing needs are the result of the aftermath of the Covid pandemic with its effect on health and financial stress, high rates of inflation caused by the war in the Ukraine and by climate change that particularly effects many of the poorest nations. The civil war in Sudan has resulted in a severe humanitarian crisis. Since October 7th 2023, the armed conflict that has directly impacted Israel and Gaza has also brought loss of employment and an increase in violence to the West Bank.
In India support continues in the Thar Desert, Rajasthan, for the work on building water harvesting structures and the Skills Training Centre for girls. In Odisha State, we support a Project of CARE India to donate improved cooking stoves that reduce smoke fumes, consume 50% less wood and reduced CO2 emission and improved women’s health. With Friends of H.O.P.E. and the Indian based charity The Garden of Hope Trust (GoIT), we are working with the State Government to promote organic farming within the Nilgiris Hills and within a selected micro watershed, improved water catchment and management of organic farming.
Page 1
St Clare & St Francis Trust
TRUSTEES REPORT
For the Year Ended 31st March 2024
In Africa, the focus has been on helping refugees who have fled Sudan. The focus has been in Southern Sudan to support refugees, returnees and internally displaced persons, displaced by conflict and lack of rains. They continue to need immediate food and other relief.
In Kenya, Maralal, Samburu County, are parts of the ‘drylands’ of Kenya which are suffering resource scarcity and associated ethnic conflict. The Resilience Livelihood Project is focused on improving food security and bolstering the resilience of these people.
In the Middle East we have funded Embrace the Middle East to enable 600 women, free of charge, to receive Breast Cancer Screening in Maryama Hospital, Erbil, Northern Iraq. Most importantly this has raised awareness in the local community of the need for regular checks. Within Gaza, the West Bank and Israel priorities are being urgently reviewed so as to provide the most needed and most effective support to those impacted by the conflict.
In the UK, we fund charities that complement our overseas work. We fund local community projects in which individual trustees are closely involved or possess special interest and expertise. Examples are Dalit Solidarity Network, the Medaille Trust that provides refuge and freedom to victims of modern slavery – providing ‘safe houses’ and supporting them as they rebuild their lives, Church Action on Poverty, Housing Justice, and Mount Carmel which provides treatment for men and women who are addicted to alcohol and drugs.
In these examples, Trustees have continued to support regular projects as well as developing others when new priorities emerge on to the world scene.
Ethical considerations have dictated that the shares of companies engaged in manufacture, oil and mineral extraction or tobacco are not bought.
Financial Review
All funds are unrestricted and reduced by £157,985 in the year to £430,708. In addition to investment income the charity also received £9,934 in voluntary income.
Page 2
St Clare & St Francis Trust
TRUSTEES REPORT
For the Year Ended 31st March 2024
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 3
St Clare & St Francis Trust
STATEMENT OF FINANCIAL ACTIVITIES
For the Year Ended 31st March 2024
| Notes 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ Incoming Resources Voluntary income 1 9,934 - 9,934 40,935 Investment Income 15,338 - 15,338 13,494 25,272 - 25,272 54,429 Resources expended Costs of generating funds Cost of generating voluntary income - - - - Investment management costs 1,370 - 1,370 2,377 Charitable activities (grants) 2 177,129 - 177,129 159,960 Governance costs (accounts) 1,032 - 1,032 1,032 Other resources expended 3 59 - 59 33 179,590 - 179,590 163,402 Net incoming/(outgoing) resources (154,318) - (154,318) (108,973) Other Recognised Gains and Losses Unrealised gains / (losses) on investment assets (105,743) - (105,743) (121,532) Realised gains / (losses) on investment assets 102,076 102,076 104,882 Net movement in funds (157,985) - (157,985) (125,623) Total funds brought forward 588,693 - 588,693 714,316 Total funds carried forward 430,708 - 430,708 588,693 |
Notes 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ Incoming Resources Voluntary income 1 9,934 - 9,934 40,935 Investment Income 15,338 - 15,338 13,494 25,272 - 25,272 54,429 Resources expended Costs of generating funds Cost of generating voluntary income - - - - Investment management costs 1,370 - 1,370 2,377 Charitable activities (grants) 2 177,129 - 177,129 159,960 Governance costs (accounts) 1,032 - 1,032 1,032 Other resources expended 3 59 - 59 33 179,590 - 179,590 163,402 Net incoming/(outgoing) resources (154,318) - (154,318) (108,973) Other Recognised Gains and Losses Unrealised gains / (losses) on investment assets (105,743) - (105,743) (121,532) Realised gains / (losses) on investment assets 102,076 102,076 104,882 Net movement in funds (157,985) - (157,985) (125,623) Total funds brought forward 588,693 - 588,693 714,316 Total funds carried forward 430,708 - 430,708 588,693 |
Notes 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ Incoming Resources Voluntary income 1 9,934 - 9,934 40,935 Investment Income 15,338 - 15,338 13,494 25,272 - 25,272 54,429 Resources expended Costs of generating funds Cost of generating voluntary income - - - - Investment management costs 1,370 - 1,370 2,377 Charitable activities (grants) 2 177,129 - 177,129 159,960 Governance costs (accounts) 1,032 - 1,032 1,032 Other resources expended 3 59 - 59 33 179,590 - 179,590 163,402 Net incoming/(outgoing) resources (154,318) - (154,318) (108,973) Other Recognised Gains and Losses Unrealised gains / (losses) on investment assets (105,743) - (105,743) (121,532) Realised gains / (losses) on investment assets 102,076 102,076 104,882 Net movement in funds (157,985) - (157,985) (125,623) Total funds brought forward 588,693 - 588,693 714,316 Total funds carried forward 430,708 - 430,708 588,693 |
|---|---|---|
| 25,272 - 25,272 54,429 |
||
| - - - - 1,370 - 1,370 2,377 177,129 - 177,129 159,960 1,032 - 1,032 1,032 59 - 59 33 |
||
| 179,590 - 179,590 163,402 |
||
| (154,318) - (154,318) (108,973) |
||
| (105,743) - (105,743) (121,532) |
||
| 102,076 102,076 104,882 |
||
| (157,985) - (157,985) (125,623) |
||
| 588,693 - 588,693 714,316 |
||
| 430,708 - 430,708 588,693 |
The notes on pages 5 to 7 form part of the accounts
Page 4
St Clare & St Francis Trust
BALANCE SHEET
As at 31st March 2024
| Notes £ £ Fixed assets Tangible assets 4 6 Investments 5 351,763 351,769 Current assets Debtors 6 - Cash at bank and in hand 80,002 80,002 Creditors:amounts falling due within one year 7 1,063 Net Current assets 78,939 430,708 Represented by Funds Unrestricted funds 430,708 430,708 2024 |
Notes £ £ Fixed assets Tangible assets 4 6 Investments 5 351,763 351,769 Current assets Debtors 6 - Cash at bank and in hand 80,002 80,002 Creditors:amounts falling due within one year 7 1,063 Net Current assets 78,939 430,708 Represented by Funds Unrestricted funds 430,708 430,708 2024 |
Notes £ £ Fixed assets Tangible assets 4 6 Investments 5 351,763 351,769 Current assets Debtors 6 - Cash at bank and in hand 80,002 80,002 Creditors:amounts falling due within one year 7 1,063 Net Current assets 78,939 430,708 Represented by Funds Unrestricted funds 430,708 430,708 2024 |
£ 8 496,873 496,881 - 92,875 92,875 1,063 91,812 588,693 588,693 588,693 2023 |
£ 8 496,873 496,881 - 92,875 92,875 1,063 91,812 588,693 588,693 588,693 2023 |
|---|---|---|---|---|
| 351,769 78,939 |
496,881 91,812 |
|||
| 92,875 1,063 |
||||
| 430,708 | 588,693 | |||
| 430,708 | 588,693 | |||
| 430,708 | 588,693 |
Approved by the trustees and signed on its behalf by
TRUSTEE
Date
The notes on pages 5 to 7 form part of the accounts
Page 5
St Clare & St Francis Trust
NOTES TO FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
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 Andover food bank CAFOD Care International Caritas Jersualem Church Action on Poverty Dalit Solidarity Network Embrace the Middle East Freedom from Torture Friends of Hope GRAVIS Housing Justice International refugee trust Lambeth Tigers Foundation London youth sports club Medaille Trust Medecins sans frontieres Mount Carmel Myatts Fields Park Opportunities Through Education Reframe Collective Santa Maria Education Fund Southampton and Winchester St Johns Parochial Parish Council Survivors Fund Village Service Trust Water Harvest Womankind Worldwide Charitable donations worldwide (less than £1,000 each) |
2024 2023 Number of Total Total Grants Funds Funds £ £ - - 1,500 1 1,000 1,000 2 20,000 10,000 2 23,000 20,500 - - 6,530 2 2,000 2,000 1 4,000 4,000 2 22,500 20,500 2 3,000 2,000 3 20,000 - 1 36,129 34,930 2 2,000 2,000 2 3,500 1,500 - - 1,000 - - 10,000 2 1,500 - 1 20,000 25,000 1 1,000 1,000 2 3,500 1,500 1 1,500 - 1 1,500 - 1 1,000 1,000 2 1,500 1,500 1 2,500 2,500 1 2,000 2,000 1 1,000 1,000 1 4,000 5,000 1 1,000 1,000 1 500 1,000 |
|---|---|
| 37 179,629 159,960 |
Page 6
St Clare & St Francis Trust
NOTES TO FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
3 OTHER RESOURCES EXPENDED
| Depreciation Admin/Office/Bank chgs |
2024 2023 Total Total Funds Funds £ £ 2 4 57 29 |
|---|---|
| 59 33 |
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 |
|
| 1,204 2,876 4,080 - 2 2 |
|
| 1,204 2,878 4,082 |
|
| - 6 6 |
|
| - 8 8 |
Page 7
St Clare & St Francis Trust
NOTES TO FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
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.
| 6 | 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 DEBTORS Loan to Lambeth Tigers Foundation Accrued interest Income Tax Recoverable |
2024 2023 £ £ 496,873 615,213 - - 9,934 40,935 (195,831) (233,764) 44,454 91,139 (105,743) (121,532) 102,076 104,882 |
|---|---|---|
| 351,763 496,873 |
||
| - - - - - - |
||
| - - |
7 CREDITORS:amounts falling due within one year
| 8 | Loan from trustee Accruals TRUSTEES REMUNERATION |
- - 1,063 1,063 |
|---|---|---|
| 1,063 1,063 |
||
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 8
St Clare & St Francis Trust
Charity registration number 1055377
Report of the Trustees and
Financial Statements
For the Year Ended 31st March 2024
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 Dr Ben Grey Charity Number 1055377 Registered address West Mill Fullerton Road Wherwell Andover Hants SP11 7JS Independent examiner's Kingcott Accountants Ltd 19 Brockenhurst Road Martins Heron Bracknell RG12 9FJ Bankers 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 2024
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, Dr Ben 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 £177,129 were higher than the £159,960 of last year and continue at a very high level for the charity. This reflects the high needs of the people in all areas of work of the charity. Increasing needs are the result of the aftermath of the Covid pandemic with its effect on health and financial stress, high rates of inflation caused by the war in the Ukraine and by climate change that particularly effects many of the poorest nations. The civil war in Sudan has resulted in a severe humanitarian crisis. Since October 7th 2023, the armed conflict that has directly impacted Israel and Gaza has also brought loss of employment and an increase in violence to the West Bank.
In India support continues in the Thar Desert, Rajasthan, for the work on building water harvesting structures and the Skills Training Centre for girls. In Odisha State, we support a Project of CARE India to donate improved cooking stoves that reduce smoke fumes, consume 50% less wood and reduced CO2 emission and improved women’s health. With Friends of H.O.P.E. and the Indian based charity The Garden of Hope Trust (GoIT), we are working with the State Government to promote organic farming within the Nilgiris Hills and within a selected micro watershed, improved water catchment and management of organic farming.
Page 1
St Clare & St Francis Trust
TRUSTEES REPORT
For the Year Ended 31st March 2024
In Africa, the focus has been on helping refugees who have fled Sudan. The focus has been in Southern Sudan to support refugees, returnees and internally displaced persons, displaced by conflict and lack of rains. They continue to need immediate food and other relief.
In Kenya, Maralal, Samburu County, are parts of the ‘drylands’ of Kenya which are suffering resource scarcity and associated ethnic conflict. The Resilience Livelihood Project is focused on improving food security and bolstering the resilience of these people.
In the Middle East we have funded Embrace the Middle East to enable 600 women, free of charge, to receive Breast Cancer Screening in Maryama Hospital, Erbil, Northern Iraq. Most importantly this has raised awareness in the local community of the need for regular checks. Within Gaza, the West Bank and Israel priorities are being urgently reviewed so as to provide the most needed and most effective support to those impacted by the conflict.
In the UK, we fund charities that complement our overseas work. We fund local community projects in which individual trustees are closely involved or possess special interest and expertise. Examples are Dalit Solidarity Network, the Medaille Trust that provides refuge and freedom to victims of modern slavery – providing ‘safe houses’ and supporting them as they rebuild their lives, Church Action on Poverty, Housing Justice, and Mount Carmel which provides treatment for men and women who are addicted to alcohol and drugs.
In these examples, Trustees have continued to support regular projects as well as developing others when new priorities emerge on to the world scene.
Ethical considerations have dictated that the shares of companies engaged in manufacture, oil and mineral extraction or tobacco are not bought.
Financial Review
All funds are unrestricted and reduced by £157,985 in the year to £430,708. In addition to investment income the charity also received £9,934 in voluntary income.
Page 2
St Clare & St Francis Trust
TRUSTEES REPORT
For the Year Ended 31st March 2024
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 3
St Clare & St Francis Trust
STATEMENT OF FINANCIAL ACTIVITIES
For the Year Ended 31st March 2024
| Notes 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ Incoming Resources Voluntary income 1 9,934 - 9,934 40,935 Investment Income 15,338 - 15,338 13,494 25,272 - 25,272 54,429 Resources expended Costs of generating funds Cost of generating voluntary income - - - - Investment management costs 1,370 - 1,370 2,377 Charitable activities (grants) 2 177,129 - 177,129 159,960 Governance costs (accounts) 1,032 - 1,032 1,032 Other resources expended 3 59 - 59 33 179,590 - 179,590 163,402 Net incoming/(outgoing) resources (154,318) - (154,318) (108,973) Other Recognised Gains and Losses Unrealised gains / (losses) on investment assets (105,743) - (105,743) (121,532) Realised gains / (losses) on investment assets 102,076 102,076 104,882 Net movement in funds (157,985) - (157,985) (125,623) Total funds brought forward 588,693 - 588,693 714,316 Total funds carried forward 430,708 - 430,708 588,693 |
Notes 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ Incoming Resources Voluntary income 1 9,934 - 9,934 40,935 Investment Income 15,338 - 15,338 13,494 25,272 - 25,272 54,429 Resources expended Costs of generating funds Cost of generating voluntary income - - - - Investment management costs 1,370 - 1,370 2,377 Charitable activities (grants) 2 177,129 - 177,129 159,960 Governance costs (accounts) 1,032 - 1,032 1,032 Other resources expended 3 59 - 59 33 179,590 - 179,590 163,402 Net incoming/(outgoing) resources (154,318) - (154,318) (108,973) Other Recognised Gains and Losses Unrealised gains / (losses) on investment assets (105,743) - (105,743) (121,532) Realised gains / (losses) on investment assets 102,076 102,076 104,882 Net movement in funds (157,985) - (157,985) (125,623) Total funds brought forward 588,693 - 588,693 714,316 Total funds carried forward 430,708 - 430,708 588,693 |
Notes 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ Incoming Resources Voluntary income 1 9,934 - 9,934 40,935 Investment Income 15,338 - 15,338 13,494 25,272 - 25,272 54,429 Resources expended Costs of generating funds Cost of generating voluntary income - - - - Investment management costs 1,370 - 1,370 2,377 Charitable activities (grants) 2 177,129 - 177,129 159,960 Governance costs (accounts) 1,032 - 1,032 1,032 Other resources expended 3 59 - 59 33 179,590 - 179,590 163,402 Net incoming/(outgoing) resources (154,318) - (154,318) (108,973) Other Recognised Gains and Losses Unrealised gains / (losses) on investment assets (105,743) - (105,743) (121,532) Realised gains / (losses) on investment assets 102,076 102,076 104,882 Net movement in funds (157,985) - (157,985) (125,623) Total funds brought forward 588,693 - 588,693 714,316 Total funds carried forward 430,708 - 430,708 588,693 |
|---|---|---|
| 25,272 - 25,272 54,429 |
||
| - - - - 1,370 - 1,370 2,377 177,129 - 177,129 159,960 1,032 - 1,032 1,032 59 - 59 33 |
||
| 179,590 - 179,590 163,402 |
||
| (154,318) - (154,318) (108,973) |
||
| (105,743) - (105,743) (121,532) |
||
| 102,076 102,076 104,882 |
||
| (157,985) - (157,985) (125,623) |
||
| 588,693 - 588,693 714,316 |
||
| 430,708 - 430,708 588,693 |
The notes on pages 5 to 7 form part of the accounts
Page 4
St Clare & St Francis Trust
BALANCE SHEET
As at 31st March 2024
| Notes £ £ Fixed assets Tangible assets 4 6 Investments 5 351,763 351,769 Current assets Debtors 6 - Cash at bank and in hand 80,002 80,002 Creditors:amounts falling due within one year 7 1,063 Net Current assets 78,939 430,708 Represented by Funds Unrestricted funds 430,708 430,708 2024 |
Notes £ £ Fixed assets Tangible assets 4 6 Investments 5 351,763 351,769 Current assets Debtors 6 - Cash at bank and in hand 80,002 80,002 Creditors:amounts falling due within one year 7 1,063 Net Current assets 78,939 430,708 Represented by Funds Unrestricted funds 430,708 430,708 2024 |
Notes £ £ Fixed assets Tangible assets 4 6 Investments 5 351,763 351,769 Current assets Debtors 6 - Cash at bank and in hand 80,002 80,002 Creditors:amounts falling due within one year 7 1,063 Net Current assets 78,939 430,708 Represented by Funds Unrestricted funds 430,708 430,708 2024 |
£ 8 496,873 496,881 - 92,875 92,875 1,063 91,812 588,693 588,693 588,693 2023 |
£ 8 496,873 496,881 - 92,875 92,875 1,063 91,812 588,693 588,693 588,693 2023 |
|---|---|---|---|---|
| 351,769 78,939 |
496,881 91,812 |
|||
| 92,875 1,063 |
||||
| 430,708 | 588,693 | |||
| 430,708 | 588,693 | |||
| 430,708 | 588,693 |
Approved by the trustees and signed on its behalf by
TRUSTEE
Date
The notes on pages 5 to 7 form part of the accounts
Page 5
St Clare & St Francis Trust
NOTES TO FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
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 Andover food bank CAFOD Care International Caritas Jersualem Church Action on Poverty Dalit Solidarity Network Embrace the Middle East Freedom from Torture Friends of Hope GRAVIS Housing Justice International refugee trust Lambeth Tigers Foundation London youth sports club Medaille Trust Medecins sans frontieres Mount Carmel Myatts Fields Park Opportunities Through Education Reframe Collective Santa Maria Education Fund Southampton and Winchester St Johns Parochial Parish Council Survivors Fund Village Service Trust Water Harvest Womankind Worldwide Charitable donations worldwide (less than £1,000 each) |
2024 2023 Number of Total Total Grants Funds Funds £ £ - - 1,500 1 1,000 1,000 2 20,000 10,000 2 23,000 20,500 - - 6,530 2 2,000 2,000 1 4,000 4,000 2 22,500 20,500 2 3,000 2,000 3 20,000 - 1 36,129 34,930 2 2,000 2,000 2 3,500 1,500 - - 1,000 - - 10,000 2 1,500 - 1 20,000 25,000 1 1,000 1,000 2 3,500 1,500 1 1,500 - 1 1,500 - 1 1,000 1,000 2 1,500 1,500 1 2,500 2,500 1 2,000 2,000 1 1,000 1,000 1 4,000 5,000 1 1,000 1,000 1 500 1,000 |
|---|---|
| 37 179,629 159,960 |
Page 6
St Clare & St Francis Trust
NOTES TO FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
3 OTHER RESOURCES EXPENDED
| Depreciation Admin/Office/Bank chgs |
2024 2023 Total Total Funds Funds £ £ 2 4 57 29 |
|---|---|
| 59 33 |
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 |
|
| 1,204 2,876 4,080 - 2 2 |
|
| 1,204 2,878 4,082 |
|
| - 6 6 |
|
| - 8 8 |
Page 7
St Clare & St Francis Trust
NOTES TO FINANCIAL STATEMENTS
For the Year Ended 31st March 2024
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.
| 6 | 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 DEBTORS Loan to Lambeth Tigers Foundation Accrued interest Income Tax Recoverable |
2024 2023 £ £ 496,873 615,213 - - 9,934 40,935 (195,831) (233,764) 44,454 91,139 (105,743) (121,532) 102,076 104,882 |
|---|---|---|
| 351,763 496,873 |
||
| - - - - - - |
||
| - - |
7 CREDITORS:amounts falling due within one year
| 8 | Loan from trustee Accruals TRUSTEES REMUNERATION |
- - 1,063 1,063 |
|---|---|---|
| 1,063 1,063 |
||
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 8
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 2024
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