CHICHESTER WELFARE TRUST – CHAIRMAN’S REPORT STATEMENT 2021 -2022
As a registered charity Chichester Welfare Trust aims to relieve poverty and hard ship in the City of Chichester and the adjoining parishes by providing grants, items and services to individuals and families in need.
The welfare grants which have been made this year amount to the value of £9197.56p. Our investments are well managed to ensure we gain the maximum potential income on these reserves so that we can reinvest this return in grants and to those in need. The small but essential donations have been for carpets and curtains, help with nursery school fees, machines etc. etc. Ruth Taunt our wonderful welfare officer has been working with WSCC ensuring that those in most need are getting help. We have also helped Sanctuary in Chichester with funding for Afghan refugee families.
Thanks to our wonderful clerk Clare de Bathe, our investments are being very well managed to gain the most benefit to help so many people who are in need. Our previous very caring chair Nick Taunt resigned to pursue pastures new. I must thank him for all he did for the charity. I have now taken over as the chair and I am privileged to be involved with this brilliant charity.
We were very sad to hear of the death of Michael Woolley a previous chair who did so much for Chichester Welfare Trust.
Again I want to thank Clare de Bathe and Ruth Taunt for all they do. Also thank you to all the trustees who give us good support.
Clare Apel
Chair November 2022
CHICHESTER WELFARE TRUST
STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2021
| 2020 | 2021 | ||
|---|---|---|---|
| INVESTMENTS AS AT 1 JULY | 2020 | £ | £ |
| Barclays Bank Community Account | 11,762.78 | 8,511.79 | |
| Charinco Investment Fund | 18,745.30 | 19,432.30 | |
| Rathbones Investment | 84,163.00 | 85,173.00 | |
| Opening Totals | 114,671.08 | 113,117.09 | |
| DEDUCT EXCESS OF EXPENDITURE OVER INCOME | |||
| Income | |||
| Interest Received | |||
| Charinco Investment Fund | 921.75 | 687.00 | |
| Donations | |||
| Cash Deposit | 5,800.00 | 12,315.64 | |
| Total Income | 6,721.75 | 13,002.64 | |
| Expenditure | |||
| Welfare Grants | 9,072.74 | 16,200.21 | |
| Miscellaneous Postage & Telephone costs | 600.00 | 350.00 | |
| Total Expenditure | 9,672.74 | 16,550.21 | |
| EXCESS INCOME/ EXPENDITURE |
-3,250.99 | -3,097.57 | |
| Unrealised profits/ losses on investments |
1,697.00 | 14,314.52 | |
| Closing Totals | 113,117.09 | 124,334.04 | |
| ======== | ======== | ||
| Represented by - | |||
| INVESTMENTS AT 30 JUNE 2021 | |||
| Barclays Bank Community Account | 8,511.79 | 5,414.22 | |
| Charinco Investment Fund | 19,432.30 | 24,826.82 | |
| Rathbones Investment | 85,173.00 | 94,093.00 | |
| 113,117.09 | 124,334.04 | ||
| ======== | ======== |
The financial records of the Trust have been duly audited for the year ended 30 June 2021, and the above Statement is a true and accurate record of the position of the Trust at that date.
Hon Treasurer - Clare de Bathe Hon Auditor - K D Elmy