## 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