OFFICIAL
THE CLAPHAM RELIEF FUND
Charity No. 1074562
TRUSTEES REPORT AND ACCOUNTS
FOR THE
YEAR TO 31ST DECEMBER 2024
1
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OFFICIAL
THE CLAPHAM RELIEF FUND
INDEX TO ACCOUNTS SCHEDULES
YEAR TO 31ST DECEMBER 2024
-
Index
-
Trustees and Other Information
-
-
- Trustees Report
-
-
Independent Examiner’s Report
-
Statement of Financial Activities
-
Balance Sheet
-
-
- Notes to the Accounts
-
2
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THE CLAPHAM RELIEF FUND
TRUSTEES AND OTHER INFORMATION
(Forming part of the Trustees Report)
YEAR TO 31ST DECEMBER 2024
1. CHARITY NO. AND AREA OF BENEFIT
The charity no. is 1074562 and the area of benefit is based on the historic Parish of Holy Trinity and the area surrounding this boundary, so as to include complete Local Government wards.
2. TRUSTEES
The following served as trustees during the year and up to December 2024:
Meetings
Attended
| Frank Brown | 3 |
|---|---|
| Diana Cornforth | 4 |
| Carole Glasson | 3 |
| Chris Newman (Treasurer) | 3 |
| Girda Niles | 3 |
| Jackie Parkin | 3 |
| Penny Rose-Casemore (Stepped Down) | 1 |
| Claire Whittle (Chair) | 4 |
| Nick Harrison | 2 |
| Alison Inglis-Jones | 4 |
3. CLERK TO THE TRUSTEES AND ADDRESS
Mrs. Shirley Cosgrave Registered Address Correspondence Address Holy Trinity Church P O Box 37978 North Side London SW4 8WX Clapham Common London SW4 0QZ
4. STOCKBROKERS
Mr Adam Spring 12 Moorgate London EC2R 6DA
5. BANK
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling. Kent ME19 4JQ
6. INDEPENDENT EXAMINER
Judith Brookfield Brookfield & Co 18 Concanon Road London, SW2 5TA
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THE CLAPHAM RELIEF FUND
TRUSTEES REPORT - YEAR TO 31ST DECEMBER 2024
The Trustees are pleased to present their report and the financial statements of the fund for the year to 31st December 2024. Details of Trustees and other basic information are given on page 3.
Constitution
The charity is administered and managed subject to and in conformity with the provisions of Schemes of the Charity Commissioners dated 13th January 1997 and 11[th] August 2000, as amended.
Aims and Organisation
The aim of the organisation is to apply the income of the charity to relieving either generally or individually, people in need, hardship or distress resident in the Clapham area.
The Trustees normally meet four times during the year, to approve applications. In addition either our Chair or our Treasurer and one other trustee can approve urgent individual applications of up to £300 each between meetings. The work of receiving applications and paying the grants that are agreed upon is carried out by the Clerk to the committee, who is paid an honorarium.
Methods Used for Recruitment and Appointment of Trustees
As a geographically based charity, new Trustees are sought from those based in the local community, who have some involvement in community matters, or have a skill which is needed by the charity. New Trustees are required to complete the Charity Commission Declaration Form, which includes a statement that they have read the Charity Commission Booklet CC3 entitled “The Essential Trustee”.
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CHAIR’S REPORT - YEAR TO 31[ST] DECEMBER 2024
In 2024 Clapham Relief Fund continued to support those in need living within the Clapham area. We gave financial grants to both individuals and organisations, with both groups needing to submit application requests in order to qualify. All requests clearly stated the case for support as well as details of the items needed. For individual applications they had to be supported by a sponsor, who would also facilitate the purchase and for organisations they had to show that a number of individuals from the area would benefit. Any grant would only be awarded if the applicant demonstrated the need and fitted within our tight criteria. If more information or clarification was needed this would be asked for before any decision was made.
Over the year the trustees met every quarter to discuss the applications, award the financial grants as well as ensuring that the Fund was running as efficiently and effectively as possible. Every quarter the Treasurer would report back on the financial health of the fund, including how much was available to be gifted to the applications under discussion. In addition, discussions and agreement would also be made regarding investment of any excess funds. To support this our account manager from Cazenove would be invited annually to the meeting to come and discuss our portfolio. This was an opportunity for the trustees to ask questions and ensure that we all had a good understanding of our investments and trends within the financial markets. In addition, Cazenove is also available to answer questions and make additional investments on our behalf throughout the year. We are grateful for their expertise in overseeing our investments and taking the time to ensure we have a good understanding of the markets so we feel confident in our decisions involving our investments.
As always, there are a number of sincere thanks I would like to give. Firstly, I would like to thank our Treasurer, Chris Newman for all the hard work he does throughout the year and in his work to preparing these accounts. To our accountant, Judith Brookfield thank you for independently examining these accounts. Importantly, I would like to thank our clerk, Shirley Cosgrave. Shirley’s support, skill and experience are vital to the smooth running of the Fund and she is very much appreciated. Thank you. I would also like to thank Holy Trinity Church who kindly gift us the room that we meet in.
Finally and most importantly, I would sincerely thank my fellow trustees for their continued dedication and time, which they give to Clapham Relief Fund. Their skill, expertise and interpretation of the applications ensures that we make thoughtful decisions that are responsible to both the fund and the applicants that we support.
Thank you to all who contributed to Clapham Relief Fund this year. We all look forward to the Fund continuing to provide help and support in the coming year.
Claire Whittle
Claire Whittle Chair
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Review of Financial Activities and Affairs
Investments – As agreed by the trustees, the majority of the charity’s holdings are held in the Schroders Sustainable Charity Multi-Asset Fund. No less than 28% of the charity’s holdings will be invested separately in the COIF Charities Ethical Investment Fund.
Statement of Financial Activities – There were no major changes to expenditure in 2024. Details of our grants are in Note 3 to these Accounts.
Reserves Policy
Our reserves policy is set out under Accounting Policies on page 11.
Risk Management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that our Risk Assessment policy is reviewed yearly to ensure that the necessary steps are in place to mitigate these risks.
Public Benefit
The Trustees have paid due regard to the guidance of the Charity Commission on “Public Benefit” in deciding upon what activities we should undertake.
Trustees’ Statement of Responsibilities in Relation to the Accounts
The law applicable to charities in England and Wales requires trustees to prepare Accounts for each financial year which 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 (unless the charity is entitled to prepare Accounts on the alternative receipts and payments basis). In preparing Accounts giving a true and fair view, 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,
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts,
Prepare accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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THE CLAPHAM RELIEF FUND
TRUSTEES REPORT - YEAR TO 31ST DECEMBER 2024
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 were approved by the trustees on 28/10/2025 and signed on their behalf.
Claire Whittle Chair
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Independent Examiners’ Report Report of the Independent Examiner to the Directors of THE CLAPHAM RELIEF FUND For the year ended 31 December 2024
We report on the financial statements for the year ended 31 December 2024 disclosing a surplus of £38,280, which have been prepared on the basis of the accounting policies in note 1.
Respective responsibilities of the Board of Trustees and Independent Examiner
The Board of Trustees is responsible for the preparation of the financial statements. It is our responsibility to form an independent opinion, based on our work, on those statements and to report our opinion to you.
Basis of Independent Examiner's Report
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 consideration of any unusual items or disclosures in the accounts, seeking explanations from the Board of Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by these accounts.
Independent Examiners Statement
In connection with our examination, no matter has come to our attention which gives us a reasonable cause to believe that in any material aspects the requirements to keep the accounting records in accordance with the Charities 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 or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed by J A Brookfield, as senior statutory auditor on behalf of Brookfield & Co Chartered Accountants Registered auditors
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THE CLAPHAM RELIEF FUND
STATEMENT OF FINANCIAL ACTIVITIES
YEAR TO 31ST DECEMBER 2024
| Note | Un | –Restricted Funds |
Endowment Funds |
Endowment Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|---|---|
| Distribut- able |
Retained Total | ||||||
| £ | ££ | £ | £ | £ | |||
| INCOMING RESOURCES | |||||||
| Investment Income | |||||||
| Dividends | 27,188 | 27,188 | - |
27,188 | 26,923 |
||
| Interest - Fixed Interest Securities | - | - | - | - | - | ||
| Bank and deposit interest Refunds |
97 428 |
97 428 |
- |
97 428 |
71 500 |
||
| Grant from Henry Smith Charity | 7,700 | 7,700 |
- |
7,700 | 0 |
||
| Donations | 0 | 0 |
- |
0 | 0 |
||
| 35,413 | 35,413 |
- |
35,413 | 27,494 |
|||
| RESOURCES EXPENDED | |||||||
| Charitable Activities -Grants | 3 | 20,671 | 20,671 |
- |
20,671 | 23,128 |
|
| Governance Costs | |||||||
| Independent Examiner’s fees | 660 | 660 |
- |
660 | 710 | ||
| Other Support Costs | |||||||
| Clerk’s Honorarium | 2000 | 2000 | - |
2000 | 0 |
||
| Printing, stationery and postage | 0 | 0 |
- |
0 | 0 |
||
| PO Box | 396 | 396 |
- |
396 | 378 |
||
| Publications | 0 | 0 |
- |
0 | 12 |
||
| Website maintenance | 364 | 364 |
- |
364 | 235 | ||
| Bank Charges | 60 | 60 |
- |
60 | 60 |
||
| Total Resources Expended | 24,151 | 24,151 | - | 24,151 | 24,523 |
||
| Net Income/-Resources Expended | 11,262 | 11,262 |
- |
11,262 | 2,971 |
||
| Other Recognised Surpluses | |||||||
| Investments: | |||||||
| Surplus/(deficit) on revaluation | 2 | 21,228 21,228 | 5,790 |
27,018 | 23,796 |
||
| Profit/-loss on disposals | 8,002 | ||||||
| Transfer between funds | 1 | - | |||||
| Net Movement in Funds | 11,262 | 21,228 32,490 |
5,790 |
38,280 | 34,769 |
||
| Surplus 1stJanuary | 28,939 | 504,203 533,142 |
214,471 |
747,613 | 712,844 | ||
| Surplus 31stDecember | **40,201 ** | **525,431565,632 ** |
220,261 |
785,893 |
747,613 | ||
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THE CLAPHAM RELIEF FUND
BALANCE SHEET AS AT 31ST DECEMBER 2024
| Note | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Fixed Assets | ||||||
| Investments | 2 | 771,897 | 771,897 | 771,897 | 732,379 | 732,379 |
| Current Assets | ||||||
| Debtors and Prepayments | - | - | ||||
| Cash on deposit - CAF Gold Acc | 2,620 | 2,557 | ||||
| Cash at bank current accounts: | ||||||
| CAF Bank | 12,786 | 14,087 | ||||
| 15,406 | 16,644 | |||||
| Current Liabilities | ||||||
| Accruals | 1,410 | 1,410 | ||||
| Net Current Assets | 13,996 | 13,996 | 15,234 | 15,234 | ||
| Net Assets | 785,893 | 785,893 | 747,613 | 747,613 | ||
| FUNDS | ||||||
| Page | ||||||
| Endowed | 9 | |||||
| 220,261 | 220,261 | 220,261 | 214,471 | 214,471 | ||
| Page | ||||||
| Unrestricted | 9 | |||||
| Retained | 525,431 | 504,203 | ||||
| Distributable | 40,201 | 28,939 | ||||
| 565,632 | 565,632 | 565,632 | 533,142 | 533,142 | ||
| 785,893 | 785,893 | 747,613 | 747,613 |
Approved by the Trustees on
and signed on their behalf by:
C Whittle - Chair
C Newman – Treasurer
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THE CLAPHAM RELIEF FUND
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023
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.
Investments Valuation
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 71,252.81 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 2024
2. Fixed Assets Investments
| 2. Fixed Assets Investments | 2. Fixed Assets Investments | 2. Fixed Assets Investments | 2. Fixed Assets Investments | 2. Fixed Assets Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1 January 2024 | Addition/(Disposals) | At | 31st December 2024 | ||||||||
| Holding | Cost |
Value |
Holding |
Cost |
Holding |
Cost | Value | ||||
| Nos | £ |
£ |
Nos |
£ |
Nos |
£ | £ | ||||
| Schroder- Responsible Multi-Asset | A Distribution | ||||||||||
| 906,987 | 506,702 |
517,908 | 926,987 | 506,702 | 539,136 | ||||||
| COIF Ethical Income Units | |||||||||||
| 712582 | 57,756 | 214,471 | 4,012 |
12,500 |
75,264 |
70,256 | 232,761 | ||||
| 564,458 | 732,379 | 576,958 | 771,897 | ||||||||
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| 3. Grants – Unrestricted | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Institutions | ||||
| Maytree Nursery | 1,000 | 2,000 | ||
| LearningUnlimited | 2,005 | 3,000 | ||
| Springfield Community Flat – Play schemes Royal TrinityHospice |
2,440 2,000 |
3,300 2,000 |
||
| Omnibus Routes | 300 | |||
| St Mungo’s Hostel | 700 | |||
| Individuals | ||||
| Othergrants – 54(2023 – 51) | 12,526 | 12,528 | ||
| 20,671 | 23,128 | |||
| Note: The description applies to the most recentyear,where appropriate. | ||||
| 4. Trustees Expenses– No trustee received re-imbursement of individual expenses duringtheyear(2023 – Nil.) |
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THE CLAPHAM RELIEF FUND
Charity No. 1074562
TRUSTEES REPORT AND ACCOUNTS
FOR THE
YEAR TO 31ST DECEMBER 2024
1
OFFICIAL
OFFICIAL
THE CLAPHAM RELIEF FUND
INDEX TO ACCOUNTS SCHEDULES
YEAR TO 31ST DECEMBER 2024
-
Index
-
Trustees and Other Information
-
-
- Trustees Report
-
-
Independent Examiner’s Report
-
Statement of Financial Activities
-
Balance Sheet
-
-
- Notes to the Accounts
-
2
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OFFICIAL
THE CLAPHAM RELIEF FUND
TRUSTEES AND OTHER INFORMATION
(Forming part of the Trustees Report)
YEAR TO 31ST DECEMBER 2024
1. CHARITY NO. AND AREA OF BENEFIT
The charity no. is 1074562 and the area of benefit is based on the historic Parish of Holy Trinity and the area surrounding this boundary, so as to include complete Local Government wards.
2. TRUSTEES
The following served as trustees during the year and up to December 2024:
Meetings
Attended
| Frank Brown | 3 |
|---|---|
| Diana Cornforth | 4 |
| Carole Glasson | 3 |
| Chris Newman (Treasurer) | 3 |
| Girda Niles | 3 |
| Jackie Parkin | 3 |
| Penny Rose-Casemore (Stepped Down) | 1 |
| Claire Whittle (Chair) | 4 |
| Nick Harrison | 2 |
| Alison Inglis-Jones | 4 |
3. CLERK TO THE TRUSTEES AND ADDRESS
Mrs. Shirley Cosgrave Registered Address Correspondence Address Holy Trinity Church P O Box 37978 North Side London SW4 8WX Clapham Common London SW4 0QZ
4. STOCKBROKERS
Mr Adam Spring 12 Moorgate London EC2R 6DA
5. BANK
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling. Kent ME19 4JQ
6. INDEPENDENT EXAMINER
Judith Brookfield Brookfield & Co 18 Concanon Road London, SW2 5TA
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THE CLAPHAM RELIEF FUND
TRUSTEES REPORT - YEAR TO 31ST DECEMBER 2024
The Trustees are pleased to present their report and the financial statements of the fund for the year to 31st December 2024. Details of Trustees and other basic information are given on page 3.
Constitution
The charity is administered and managed subject to and in conformity with the provisions of Schemes of the Charity Commissioners dated 13th January 1997 and 11[th] August 2000, as amended.
Aims and Organisation
The aim of the organisation is to apply the income of the charity to relieving either generally or individually, people in need, hardship or distress resident in the Clapham area.
The Trustees normally meet four times during the year, to approve applications. In addition either our Chair or our Treasurer and one other trustee can approve urgent individual applications of up to £300 each between meetings. The work of receiving applications and paying the grants that are agreed upon is carried out by the Clerk to the committee, who is paid an honorarium.
Methods Used for Recruitment and Appointment of Trustees
As a geographically based charity, new Trustees are sought from those based in the local community, who have some involvement in community matters, or have a skill which is needed by the charity. New Trustees are required to complete the Charity Commission Declaration Form, which includes a statement that they have read the Charity Commission Booklet CC3 entitled “The Essential Trustee”.
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CHAIR’S REPORT - YEAR TO 31[ST] DECEMBER 2024
In 2024 Clapham Relief Fund continued to support those in need living within the Clapham area. We gave financial grants to both individuals and organisations, with both groups needing to submit application requests in order to qualify. All requests clearly stated the case for support as well as details of the items needed. For individual applications they had to be supported by a sponsor, who would also facilitate the purchase and for organisations they had to show that a number of individuals from the area would benefit. Any grant would only be awarded if the applicant demonstrated the need and fitted within our tight criteria. If more information or clarification was needed this would be asked for before any decision was made.
Over the year the trustees met every quarter to discuss the applications, award the financial grants as well as ensuring that the Fund was running as efficiently and effectively as possible. Every quarter the Treasurer would report back on the financial health of the fund, including how much was available to be gifted to the applications under discussion. In addition, discussions and agreement would also be made regarding investment of any excess funds. To support this our account manager from Cazenove would be invited annually to the meeting to come and discuss our portfolio. This was an opportunity for the trustees to ask questions and ensure that we all had a good understanding of our investments and trends within the financial markets. In addition, Cazenove is also available to answer questions and make additional investments on our behalf throughout the year. We are grateful for their expertise in overseeing our investments and taking the time to ensure we have a good understanding of the markets so we feel confident in our decisions involving our investments.
As always, there are a number of sincere thanks I would like to give. Firstly, I would like to thank our Treasurer, Chris Newman for all the hard work he does throughout the year and in his work to preparing these accounts. To our accountant, Judith Brookfield thank you for independently examining these accounts. Importantly, I would like to thank our clerk, Shirley Cosgrave. Shirley’s support, skill and experience are vital to the smooth running of the Fund and she is very much appreciated. Thank you. I would also like to thank Holy Trinity Church who kindly gift us the room that we meet in.
Finally and most importantly, I would sincerely thank my fellow trustees for their continued dedication and time, which they give to Clapham Relief Fund. Their skill, expertise and interpretation of the applications ensures that we make thoughtful decisions that are responsible to both the fund and the applicants that we support.
Thank you to all who contributed to Clapham Relief Fund this year. We all look forward to the Fund continuing to provide help and support in the coming year.
Claire Whittle
Claire Whittle Chair
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Review of Financial Activities and Affairs
Investments – As agreed by the trustees, the majority of the charity’s holdings are held in the Schroders Sustainable Charity Multi-Asset Fund. No less than 28% of the charity’s holdings will be invested separately in the COIF Charities Ethical Investment Fund.
Statement of Financial Activities – There were no major changes to expenditure in 2024. Details of our grants are in Note 3 to these Accounts.
Reserves Policy
Our reserves policy is set out under Accounting Policies on page 11.
Risk Management
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that our Risk Assessment policy is reviewed yearly to ensure that the necessary steps are in place to mitigate these risks.
Public Benefit
The Trustees have paid due regard to the guidance of the Charity Commission on “Public Benefit” in deciding upon what activities we should undertake.
Trustees’ Statement of Responsibilities in Relation to the Accounts
The law applicable to charities in England and Wales requires trustees to prepare Accounts for each financial year which 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 (unless the charity is entitled to prepare Accounts on the alternative receipts and payments basis). In preparing Accounts giving a true and fair view, 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,
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the accounts,
Prepare accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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THE CLAPHAM RELIEF FUND
TRUSTEES REPORT - YEAR TO 31ST DECEMBER 2024
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 were approved by the trustees on 28/10/2025 and signed on their behalf.
Claire Whittle Chair
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Independent Examiners’ Report Report of the Independent Examiner to the Directors of THE CLAPHAM RELIEF FUND For the year ended 31 December 2024
We report on the financial statements for the year ended 31 December 2024 disclosing a surplus of £38,280, which have been prepared on the basis of the accounting policies in note 1.
Respective responsibilities of the Board of Trustees and Independent Examiner
The Board of Trustees is responsible for the preparation of the financial statements. It is our responsibility to form an independent opinion, based on our work, on those statements and to report our opinion to you.
Basis of Independent Examiner's Report
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 consideration of any unusual items or disclosures in the accounts, seeking explanations from the Board of Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by these accounts.
Independent Examiners Statement
In connection with our examination, no matter has come to our attention which gives us a reasonable cause to believe that in any material aspects the requirements to keep the accounting records in accordance with the Charities 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 or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed by J A Brookfield, as senior statutory auditor on behalf of Brookfield & Co Chartered Accountants Registered auditors
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THE CLAPHAM RELIEF FUND
STATEMENT OF FINANCIAL ACTIVITIES
YEAR TO 31ST DECEMBER 2024
| Note | Un | –Restricted Funds |
Endowment Funds |
Endowment Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|---|---|
| Distribut- able |
Retained Total | ||||||
| £ | ££ | £ | £ | £ | |||
| INCOMING RESOURCES | |||||||
| Investment Income | |||||||
| Dividends | 27,188 | 27,188 | - |
27,188 | 26,923 |
||
| Interest - Fixed Interest Securities | - | - | - | - | - | ||
| Bank and deposit interest Refunds |
97 428 |
97 428 |
- |
97 428 |
71 500 |
||
| Grant from Henry Smith Charity | 7,700 | 7,700 |
- |
7,700 | 0 |
||
| Donations | 0 | 0 |
- |
0 | 0 |
||
| 35,413 | 35,413 |
- |
35,413 | 27,494 |
|||
| RESOURCES EXPENDED | |||||||
| Charitable Activities -Grants | 3 | 20,671 | 20,671 |
- |
20,671 | 23,128 |
|
| Governance Costs | |||||||
| Independent Examiner’s fees | 660 | 660 |
- |
660 | 710 | ||
| Other Support Costs | |||||||
| Clerk’s Honorarium | 2000 | 2000 | - |
2000 | 0 |
||
| Printing, stationery and postage | 0 | 0 |
- |
0 | 0 |
||
| PO Box | 396 | 396 |
- |
396 | 378 |
||
| Publications | 0 | 0 |
- |
0 | 12 |
||
| Website maintenance | 364 | 364 |
- |
364 | 235 | ||
| Bank Charges | 60 | 60 |
- |
60 | 60 |
||
| Total Resources Expended | 24,151 | 24,151 | - | 24,151 | 24,523 |
||
| Net Income/-Resources Expended | 11,262 | 11,262 |
- |
11,262 | 2,971 |
||
| Other Recognised Surpluses | |||||||
| Investments: | |||||||
| Surplus/(deficit) on revaluation | 2 | 21,228 21,228 | 5,790 |
27,018 | 23,796 |
||
| Profit/-loss on disposals | 8,002 | ||||||
| Transfer between funds | 1 | - | |||||
| Net Movement in Funds | 11,262 | 21,228 32,490 |
5,790 |
38,280 | 34,769 |
||
| Surplus 1stJanuary | 28,939 | 504,203 533,142 |
214,471 |
747,613 | 712,844 | ||
| Surplus 31stDecember | **40,201 ** | **525,431565,632 ** |
220,261 |
785,893 |
747,613 | ||
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THE CLAPHAM RELIEF FUND
BALANCE SHEET AS AT 31ST DECEMBER 2024
| Note | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Fixed Assets | ||||||
| Investments | 2 | 771,897 | 771,897 | 771,897 | 732,379 | 732,379 |
| Current Assets | ||||||
| Debtors and Prepayments | - | - | ||||
| Cash on deposit - CAF Gold Acc | 2,620 | 2,557 | ||||
| Cash at bank current accounts: | ||||||
| CAF Bank | 12,786 | 14,087 | ||||
| 15,406 | 16,644 | |||||
| Current Liabilities | ||||||
| Accruals | 1,410 | 1,410 | ||||
| Net Current Assets | 13,996 | 13,996 | 15,234 | 15,234 | ||
| Net Assets | 785,893 | 785,893 | 747,613 | 747,613 | ||
| FUNDS | ||||||
| Page | ||||||
| Endowed | 9 | |||||
| 220,261 | 220,261 | 220,261 | 214,471 | 214,471 | ||
| Page | ||||||
| Unrestricted | 9 | |||||
| Retained | 525,431 | 504,203 | ||||
| Distributable | 40,201 | 28,939 | ||||
| 565,632 | 565,632 | 565,632 | 533,142 | 533,142 | ||
| 785,893 | 785,893 | 747,613 | 747,613 |
Approved by the Trustees on
and signed on their behalf by:
C Whittle - Chair
C Newman – Treasurer
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THE CLAPHAM RELIEF FUND
NOTES TO THE ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023
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.
Investments Valuation
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 71,252.81 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 2024
2. Fixed Assets Investments
| 2. Fixed Assets Investments | 2. Fixed Assets Investments | 2. Fixed Assets Investments | 2. Fixed Assets Investments | 2. Fixed Assets Investments | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1 January 2024 | Addition/(Disposals) | At | 31st December 2024 | ||||||||
| Holding | Cost |
Value |
Holding |
Cost |
Holding |
Cost | Value | ||||
| Nos | £ |
£ |
Nos |
£ |
Nos |
£ | £ | ||||
| Schroder- Responsible Multi-Asset | A Distribution | ||||||||||
| 906,987 | 506,702 |
517,908 | 926,987 | 506,702 | 539,136 | ||||||
| COIF Ethical Income Units | |||||||||||
| 712582 | 57,756 | 214,471 | 4,012 |
12,500 |
75,264 |
70,256 | 232,761 | ||||
| 564,458 | 732,379 | 576,958 | 771,897 | ||||||||
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| 3. Grants – Unrestricted | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Institutions | ||||
| Maytree Nursery | 1,000 | 2,000 | ||
| LearningUnlimited | 2,005 | 3,000 | ||
| Springfield Community Flat – Play schemes Royal TrinityHospice |
2,440 2,000 |
3,300 2,000 |
||
| Omnibus Routes | 300 | |||
| St Mungo’s Hostel | 700 | |||
| Individuals | ||||
| Othergrants – 54(2023 – 51) | 12,526 | 12,528 | ||
| 20,671 | 23,128 | |||
| Note: The description applies to the most recentyear,where appropriate. | ||||
| 4. Trustees Expenses– No trustee received re-imbursement of individual expenses duringtheyear(2023 – Nil.) |
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OFFICIAL Independent Examiners. Report Report of the Independent Examiner to the Directors of THE CLAPHAM RELIEF FUND For the ear ended 31 December 2U24 We report on the financial statements for the year ended 31 December 2024 disclosing a surplus of £38,280, which have been prepared on the basis of the accounting policies in note l. Respective responsibilities of the Board of Trustees and Independent Examiner The Board of Trustees is responsible for the preparation of the financial statements. It is our responsibility to form an independent opinion. based on our work, on those statements and to report our opinion to you. Basis of Independent Examiner's Report 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 consideration of any unusual items or disclosures in the accounts, seeking explanations from the Board of Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by these account5. Independent Examiners Statement In connection with our examination, no matter has come to our attention which gives us a reasonable cause to believe that in any material aspects the requirements to keep the accounting records in accordance with the Charities 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 or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed by J A Brookfield, as senior statutory auditor on behalf of Brookfield & Co Chartered Accountants Registered auditors 9/iolzs OFFICIAL