Registered Charity No: 1082238
## THE RELIEF TRUST
## ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2025
## THE RELIEF TRUST LEGAL AND ADMINISTRATIVE INFORMATION
|Trustees:|Peter Robert Sherratt|
|---|---|
|Principal office:|Tees|
||Tees House|
||95 London Road|
||Bishops Stortford|
||Hertfordshire|
||CM23 3GW|
|Solicitors:|Tees|
||Tees House|
||95 London Road|
||Bishops Stortford|
||Hertfordshire|
||CM23 3GW|
|Bankers:|The Royal Bank of Scotland plc|
||62/63 Threadneedle Street|
||PO Box 412|
||London|
||EC2R 8LA|
THE RELIEF TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their Report and Accounts for the year ended 5 April 2025
The Trust was set up by Trust Deed dated 15 June 2000 and these are its twenty-fifth accounts.
## **Trustees**
The trustees named below have served throughout the year:
PR Sherratt
## **Appointment of new trustees**
Further to the death of Richard Tee, a previous trustee, the remaining trustee is currently discussing with individuals with an interest in the aims and objectives of the trust with a view to them becoming a Trustee of the Trust. A new Trustee would be provided with a copy of the Trust Deed and have a meeting with the existing Trustees to explain the aims and objectives of the Trust.
## **Charity registration number**
1082238
## **Constitution and objects**
The charitable trust is governed by the trust deed. The objects of the Trust are widely charitable, and the trustees have determined to utilise the income and capital of the trust fund towards a wide variety of charitable causes, in areas of personal interest to the Trustees.
## **Development, activities and achievements**
Decisions as to the investment strategy and grant making policy of the trust are decided by the trustees from time to time. There are no set formal dates for a meeting.
In carrying out their duties, the trustees have considered the Charity Commission's guidance on public benefit. The charity provides public benefit by awarding grants.During the year to 5 April 2025 the trustees awarded one grant to Sightsavers UK of £5,000.
## **Investment powers**
The trust deed authorises the Trustees to make and hold investments as if they were absolute beneficial owners.
## **Grant making policy**
The trustees consider applications to the trust and to potential areas to support by way of grant payments on an ad hoc basis.
The Trustees intend to make a significant grant to an educational project with a long term objective.
## **Reserves**
The Trustees' policy is to distribute the annual income from the Trust with the balance of distributions being paid from carried forward capital. Reserves are currently being used to fund the trustees commitments to Camfed. The trustees consider the level of reserves to be sufficient.
## **Financial review**
During the year the trustees have held the majority of the charity's funds on deposit.
## **Risk management**
The Trustees have reviewed all major risks to which the charity is exposed and systems have been established to mitigate these risks.
## **Management**
The Trust is managed by Tees of Tees House, 95 London Road, Bishops Stortford, Hertfordshire, CM23 3GW.
The Trustees have a bank account with the Royal Bank of Scotland at 62/63 Threadneedle Street, London.
## **PR Sherratt**
## **Trustee**
## **Date:**
## THE RELIEF TRUST
## RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025
|Notes
Receipts
Return of capital
Partnership income
Investment income
3
Total receipts
Payments
Administration charges - current year
Underprovision for administration
charges in previous year
Charitable grants paid
4
Total payments
Net increase in cash in the year
Cash funds at 6 April 2024
Cash funds at 5 April 2025|Total
£
-
-
39,112
39,112
1,980
780
5,000
7,760
31,352
2,045,706
2,077,058|Total 2025
£
-
-
39,112
39,112
1,980
780
5,000
7,760
31,352
2,045,706
2,077,058|Total 2024
£
-
-
3,653|
|---|---|---|---|
||||3,653|
||||1,800
-|
||||1,800|
||||1,853
2,043,853|
||||2,045,706|
Approved by the trustees on and signed on their behalf by
PR Sherratt Trustee
## THE RELIEF TRUST
## STATEMENT OF ASSETS AND LIABILITIES AS AT 5 APRIL 2025
|Notes
Monetary assets
Deposit accounts
Treasury reserve
Cash at bank and in hand
Liabilities
Administration fee provision
Net assets|Total funds
£
7,456
2,000,000
76,208
2,083,664
1,980
2,081,684|Total 2025
Total 2024
£
£
7,456
1,776,630
2,000,000
-
76,208
275,503|
|---|---|---|
|||2,083,664
2,052,132
1,980
1,800|
|||2,081,684
2,050,332|
## THE RELIEF TRUST
## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
## 1 Accounting policies
## 1.1 Basis of preparation
The receipts and payments account is prepared on a cash basis, accordingly no adjustment is made for any debtors and creditors. The current year administration costs are provided for.
The statement of assets and liabilities is prepared on a historical cost basis.
## 1.2 Investments
Investments are stated at cost.
## 2 Investments
£ Cost - - As at 5 April 2025
The trust had invested in the Bridges Community Development Fund 'A' Limited Partnership and the Bridges Community Development 'B' Limited Partnership.
The Fund has now been liquidated.
## 3 Investment Income
|Investment Income|||
|---|---|---|
|Income from partnership
Interest on short term deposits
Interest on long term deposits|2025
£
-
39,112
-
39,112|2024
£
-
3,653
-|
|||3,653|
## 4 Grants paid
During the year the charity paid a £5,000 grant to Sightsavers (UK).
5 Related parties
The Trustees received no remuneration during the year.
15- Floor Office 5-7
THOMPSON
"rARAZ RAND
Portugol Ploce
Combridge
CBS 8AF
T. 01223 461 044
www.te-group.corn
THE REUEF TRU
INDEPENDENT ExAMINEs REPORTTOTHE TRUSTEES OFTHE REUEFTRUST
I report ro the trustees on my examinatioTh of the ftnancial smetnents of The Relief Trust (the charity) for the
year ended 5" April 2025.
Responsibilitres and basis of report
As the trustees of the charity land also its direcior5 forthe purposes of company lawl you are re5ponsibl& for
the preparation of the frnancial statements in accordance wirh the requirements of the CoTHpanie5 Act 26
Ithe 2006 Act).
Having satisfied myself that the financial st3tements of rhe charity a not required to be audited under P3rt
16 Df the 2006 Act and a eligible for independent etsrninabon, I report in respect tsf tny examination of the
charity's financial 5tatement5 carried out under sectioll 145 of the Charities Act 2011 (the 2011 Act).
In carrying out my examinatron I have followed all the applicable DirecDons gwen by the Charity Commi5510n
under section 14515llbl of the 2011 Act.
Independent examiner's statement
I have completed my examinarion. I tonfirtn th* no matters have come to my attention in connection with
the examinatron giving me cause to believe that in any mèteiial re5pect-.
l. accounting records were not kept in respect of the charity as Quired by secDon 386 of the 2006 Act". or
2. the financial statements do not accord with those records.. or
3. the fi'nancial statements do not comply with the accounnng requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a irue and fair view which Is not a matter considered as
part of an independent examinahon- or
4. the financial ttatements have not been prepared in èctordance with the methods and principles of the
Statement of Recommended Prattice for accounting and pOrting by charities applicable to charitie5
preparing thèir accounts in accordance with the Financial Reporhng standard applicable in the UK and
Republic of Ireland IFRS la21.
I have no concerns and have corne &CTOSS no orher matters in connethon with the examin3tron to which
attention should be drawn In this report in order to enable a proper understanding of the hnancial
statements to be reached.
$ lI.FWOIfits 5.7. P1 Pkjce. COMLW CB5&AF
Ben Howe
Director
TC Group
5-7 Portugal Place
C3mbr*dge
CB5 8AF
13" May 2026
212