– CRF 2020 Report CW feed
CHAIR’S REPORT - YEAR TO 31ST DECEMBER 2020
During 2020 Clapham Relief Fund continued to give financial grants to individuals and organisations that required support within the Clapham area. This was against the backdrop of the pandemic, as a result of which, having anticipated and prepared for a change in the type of requests received, we strengthened our links with Clapham Park Food Bank, where we are now able to directly refer.
In addition to the trustees meeting on four scheduled occasions in 2020 - in March, June, October and December - we held an emergency meeting in April to discuss our response to the pandemic. It was in this meeting that the trustees agreed to give an one-off financial donation to support the Clapham Park Food Bank.
Our meetings from April onwards moved online and were held via zoom. However, our online meetings continued along the same format and included discussions on applications from both individuals in need and from organisations operating within our area of benefit. Even in these unprecedented times, all successful applications still had to qualify through our clear set of guidelines and criteria. In 2020 we continued to have a good number of applications from both individuals and organisations, with the majority coming from individuals.
The Rev’d Penny Rose-Casemore joined in 2020 as a new trustees to Clapham Relief Fund. We are delighted that she has joined as a trustee, as she comes with a wealth of experience, especially of our area and the need it faces.
Our investments continue to be regularly reviewed by the trustees and a representative from Cazenove visits us annually to discuss our portfolio. In addition to our investments with Cazenove we hold investments with COIF Charities Investment Fund.
There are numerous thanks I wish to make. I would sincerely like to thank Chris Newman for all the work that he does throughout the year as our treasurer and for his work in preparing these accounts, and Chris Nash for independently examining the accounts. Chris Nash has supported us for a number of years and I would like to thank him and send best wishes for his retirement. In 2021 we will hire a new accountant. I would particularly like to thank Shirley Cosgrave, our Clerk. Shirley generously gives her time to manage the charity and deals with both the applications and distribution of grants, which enables the charity to run smoothly and efficiently. Her skill, time and support are greatly appreciated. I would also like
to thank Holy Trinity Church for donating the meeting space and continuing to do so when we begin to meet in person once more.
Lastly, and very importantly, I would like to thank my fellow trustees for their time and wisdom, which they give to Clapham Relief Fund, and especially Carole Glasson as our chair.
We look forward to the Fund continuing to provide help and support to the people of Clapham in the coming year.
Claire Whittle
Acting Chair
TRUSTEES REPORT - YEAR TO 31ST DECEMBER 2020
The Trustees are responsible for keeping accounting records, which enable them to ascertain and disclose the financial position of the charity and to ensure that the Accounts comply with applicable law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confirm that they have acted within their powers with respect to the administration of the investment portfolio and also confirm that the charity can meet all its financial obligations.
This report and the Accounts set out on pages 9 to 13 (TBC) were approved by the trustees on 28 September 2021 (TBC) and signed on their behalf.
Claire Whittle
Acting Chair
THE CLAPHAM RELIEF FUND
STATEMENT OF FINANCIAL ACTIVITIES
YEAR TO 31ST DECEMBER 2020
| Note Un –Restricted Funds Distribut- able Retained Total £ £ £ INCOMING RESOURCES Investment Income Dividends 25,160 25,160 Interest - Fixed Interest Securities 0 0 Bank and deposit interest Refunds 3 300 3 300 Grant from Henry Smith Charity 4,000 4,000 Donations 0 0 29,463 29,463 RESOURCES EXPENDED Charitable Activities -Grants 3 16,211 16,211 Governance Costs Independent Examiner’s fees 600 600 Rent of room for meetings 0 0 600 600 Other Support Costs Clerk’s Honorarium 985 985 Printing, stationery and postage 66 66 PO Box 342 342 Publications - - Website maintenance 229 229 Bank Charges 60 60 1,682 1,682 Total Resources Expended 18,493 18,493 Net Income/-Resources Expended 10,970 10,970 Other Recognised Surpluses Investments: Surplus/(deficit) on revaluation 2 15,059 15,059 Profit/-loss on disposals Transfer between funds 1 -5000 5,000 Net Movement in Funds 5,970 20,059 26,029 Surplus 1st January 27,502 493,061 520,563 Surplus 31stDecember 31,004 513,120 544,124 |
Endowment Funds £ 13,998 13,998 170,619 189,617 |
Total 2020 £ 25,160 0 3 300 4,000 0 29,463 16,211 600 0 600 985 66 342 - 229 60 1,682 18,493 10,970 29,057 - 40,027 691,182 731,209 |
Total 2019 £ 24,916 0 7 4,000 0 28923 21514 600 -375 225 985 211 305 110 224 60 1,895 23,634 5,289 65,364 - 70,653 620,529 691,182 |
|---|---|---|---|
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THE CLAPHAM RELIEF FUND
BALANCE SHEET AS AT 31ST DECEMBER 2020
| Note Fixed Assets Investments 2 Current Assets Debtors and Prepayments Cash on deposit - CAF Gold Acc Cash at bank current accounts: CAF Bank Current Liabilities Accruals Net Current Assets Net Assets FUNDS Endowed Page 9 Unrestricted Page 9 Retained Distributable Approved by the Trustees on 31 October 2021 and signed on their behalf by: |
£ 711,441 - 3,450 16,975 |
2020 £ 22,568 |
£ 4,000 3,447 7,008 |
2019 £ 677,384 13,798 |
|---|---|---|---|---|
| 20,425 | 14,455 | |||
| 657 | 657 | |||
| 513,120 33,472 |
493,061 27,502 |
|||
| 731,209 | 691,182 | |||
| 189,617 546,492 |
170,619 520,563 |
|||
| 731,209 | 691,182 | |||
C Whittle – Acting Chair
C Newman - Treasurer
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THE CLAPHAM RELIEF FUND
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2020
1. Accounting Policies
General
These Accounts have been prepared under the historical cost convention (except for the valuation of investments) and in accordance with applicable accounting standards and the Charities SORP (FRS 102). The dividends added to accumulation investments (i.e. not paid into the Charity’s bank accounts) have been included as part of investment income in the Statement of Financial Activities.
Accruals
The Accounts have been prepared on an “accruals” basis.
Income Recognition
Investment Income is recognised when received.
Expenditure Recognition Grants are recognised when the grants are approved. Reserves
The trustees have adopted a policy of distributing the surplus of net income received since January 1997, the date of formation of this charity. In order to reflect this policy a distinction is made under Unrestricted Reserves between funds to be retained and funds to be distributed.
InvestmentsValuation
Investments are included at market value, based on the mid-market price. Endowment (Permanent) and Unrestricted Funds
The Trustees are of the opinion that the 67,754 COIF Ethical Income Units are the only identifiable component of the Endowment Fund.
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THE CLAPHAM RELIEF FUND
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2020
2. Fixed Assets Investments
| . Fixed Assets Investments | . Fixed Assets Investments | . Fixed Assets Investments | |||||
|---|---|---|---|---|---|---|---|
| At 1 January 2020 | Addition | At 31st December 2020 | |||||
| Holding | Cost | Value | Holding | Cost | Holding | Cost | Value |
| Nos | £ | £ | Nos | £ | Nos | £ | £ |
| Schroder– Multi-Asset A Distribution | |||||||
| 929503.5 | 490500 | 506765 | 929503.5 | 490500 | 521824 | ||
| COIF Ethical Income | Units | ||||||
| 65899 | 42256 | 170619 | 1855.38 | 5000 | 67754.38 | 47256 | 189617 |
| Total | 532759 | 677384 | 5000 | 711441 |
3. Grants - Unrestricted
| Institutions The Devas Club Food Banks Springfield Community Flat – Play schemes Royal Trinity Hospice The Nehemiah Project Notting Hill Genesis Larks Community Garden Accounted for last year Individuals Christmas Distribution – 2 (2019 – 2) Other grants – 54 (2019 – 42) |
2020 2019 £ £ - 1,600 500 - 2,000 2,000 4,000 2,000 - 450 1,500 - 350 -2468 |
|---|---|
| 2,482 9,450 200 200 13,529 11,864 |
|
| 16,211 21,514 |
Note: The description applies to the most recent year, where appropriate.
4. Trustees Expenses[ – No trustee received re-imbursement of ] individual expenses during the year (2019 – Nil.)
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