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2022-12-31-accounts

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

Charity number: 1165257

ROEHAMPTON PARISH TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 16

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees

Carol Campbell Stuart Deacon Rose Ferguson, Churchwarden and Trustee ex officio David Ford Pamela Harris Alan Housden Kate Hunt Tom Kemoh, Churchwarden and Trustee ex officio Susan Melhuish

The Revd Joshua Rey, Vicar and Chairman ex officio David A Shelmerdine (resigned 27 October 2022) The Revd Claire Whitmore (appointed 27 October 2022)

Charity registered number

1165257

Principal office

7 Ponsonby Road Roehampton London SW15 4LA

Accountants

Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS

Page 1

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report together with the financial statements of the charity for the period 1 January 2022 to 31 December 2022.

Objectives and Activities

a. Policies and objectives

The Trust's charitable benefits are quite broadly drawn “for such charitable purposes for the benefit of the residents in the area of benefit as the trustees shall decide. The area of benefit is defined as the ecclesiastical parish of Roehampton and the neighboring ecclesiastical parishes”.

The trustees review the purpose, aims and activities of the charity each year. This review looks at the achievements during the previous period. When carrying out the review and planning future activities, the trustees confirm that they refer to the Charity Commission's guidance on public benefit. The trustees consider how planned activities will contribute to the aims and objectives they have set.

b. Grant making policies

In 2022, after extensive reflection, the trustees adopted a new strategic approach to deploying the Trust’s income.

Following the pattern established after the Parish Hall was sold, and reflecting the intentions of the original donor of the Hall in 1911 and the mix of use historically established for the hall, the Trust anticipates that around a half of its income will continue to be used to fund projects taken forward by the Parish Church. For example, at present there is an in-principle agreement to fund a salary for a youth worker, which will be drawn down when the Parish Church is in a position to provide housing for the youth worker.

As to the remainder of the Trust’s income, the trustees intend to do the following:

Page 2

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees recognize that this will probably mean a reduction in the total of grants made in the early years, as it is much easier to find suitable projects by looking to delivery organizations based outside Roehampton. The long term vision, however, is to have a steady stream of applications from home-grown organizations that can absorb half the Trust’s income and, over years, bring about a step change in the capacity of Roehampton to solve its own problems.

Against this background the Trust will also preserve its capacity occasionally to make a large grant in support of a project of particular merit. In keeping with past practice, the Trust will remain particularly interested in furthering the Christian religion, without in any way excluding other projects.

Achievements and Performance

Review of activities

The focus of 2022 was the development of and transition to the new strategy. A number of engagement events were held to seek the views of the community on the new approach and on the right focus for the theme areas. A website was established and the Trust was publicized through local channels, including an article in the Roehampton Voice. The application process was revised, to establish two primary grant streams, one for sums up to £2.5k with a decision at quarterly trustee meetings, with recipients limited to those with a corporate bank account, the other a Quick Impact stream for grants up to £500, decided by correspondence in five days and available, at the trustees’ discretion, to individuals.

Grant making activity continued but, as anticipated, on a reduced scale, the total funds disbursed being £20,487 (2021- £41,684). Grantees included some established organizations with a footprint in Roehampton, including Regenerate, and several local individuals and emerging organizations. The trustees also, with some regret, decided against making grants to some applicants who, though the projects proposed had real merit, did not satisfy the overall strategic criterion of having roots in the area and thus contributing to the building up of social capital in Roehampton.

Financial Review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

b. Principal risks and uncertainties

The trustees consider the major risk to the trust to be the erosion and loss of capital due to economic uncertainty. They continue to address this risk by working with our investment advisors and monitoring investments.

c. Reserves policy

The trustees of Roehampton Parish Trust hold an endowed fund which had an initial capital value of £1.7million. They aim to keep the value of this endowment to maintain the future of the trust. At the balance sheet date, as a result of cumulative unrealised net investment gains, the investment portfolio had a market value of £2,463,249 (2021- £2,682,024) of which £2,412,173 (2021 - £2,621,870) is within the endowment fund.

In cash reserves the trustees aim to hold £25,000 to pay for the general running of the trust and to enable it to give emergency aid if required. The trustees have yet to review this policy, but currently cash reserves in the current accounts are below this level. Trustees are in a position to draw part of the cash balance held by the investment advisors at short notice.

Page 3

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, Governance and Management

a. Constitution

Roehampton Parish Trust is a charitable trust governed by a trust deed amended by a Charity Commission scheme. The Trust was registered with the Charity Commission following the November 2015 scheme in January 2016.

The principal object of the charity following the Charity Commission scheme is to hold an endowed fund, with the income from this being used to fund charitable grants to organisations working in the ecclesiastical parish of Roehampton and with a particular interest in promotion of the Christian religion.

b. Method of appointment or election of trustees

The chairman and two trustees are stipulated in the trust deed as the Vicar and Churchwardens of the Ecclesiastical Parish of Roehampton. Other trustees are co-opted for a three year term, renewable at most twice.

Plans for Future Periods

The main aim for the trust during 2023 is to continue to refine and realise the strategy developed in 2022, increasing engagement with locally based individuals and organizations who can deliver good projects at the same time as raising the overall level of social capital and delivery capacity in Roehampton. As in 2022, the Trust will be willing to underspend its income in order to hold to the principles in the strategy, recognising that there are no short cuts to the overall strategic aim that Roehampton shall move from being a community that is done to or done for, to having a sustainable capacity to solve our own problems, God being our helper.

Approved by order of the members of the board of trustees and signed on their behalf by:

................................................

The Revd Joshua Rey (Chair of Trustees) Date: 30/10/2023

Page 4

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Independent examiner's report to the trustees of Roehampton Parish Trust ('the charity')

I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.

30/10/2023 Signed: Dated: Richard Hill FCA

Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS

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DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income and endowments from:
Investments
3
Total income and endowments
Expenditure on:
Charitable activities
4
Total expenditure
Net expenditure before net
(losses)/gains on investments
Net realised & unrealised (losses)/
gains on investments
Net (expenditure)/income
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
54,199
54,199
60,698
60,698
(6,499)
-
(6,499)
(6,499)
70,981
(6,499)
64,482		 Endowment
funds
2022
£
-
-
-
-
-
(209,697)
(209,697)
(209,697)
2,621,870
(209,697)
2,412,173		 Total
funds
2022
£
54,199
54,199
60,698
60,698
(6,499)
(209,697)
(216,196)
(216,196)
2,692,851
(216,196)
2,476,655		 Total
funds
2021
£
50,749
50,749
81,170
81,170
(30,421)
326,622
296,201
296,201
2,396,650
296,201
2,692,851

The statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 16 form part of these financial statements.

Page 6

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets
Investments
9
Current assets
Cash at bank
Creditor: amount falling due within one year
10
Net current assets
Total net assets
Charity funds
Endowment funds
12
Restricted funds
12
Unrestricted funds
12
Total funds		 2022
£
15,206
(1,800)		 2022
£
2,463,249
13,406
2,476,655
2,412,173
-
64,482
2,476,655		 2021
£
13,707
(2,880)		 2021
£
2,682,024
10,827
2,692,851
2,621,870
-
70,981
2,692,851

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

The Revd Joshua Rey (Chair of Trustees) Date: 30/10/2023

The notes on pages 8 to 16 form part of these financial statements.

Page 7

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General information

Roehampton Parish Trust is a registered grant making charity in England & Wales. Details of its location, charity number and the nature of its activities can be found on the reference and administrative details page and in the annual trustees' report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Roehampton Parish Trust meets the definition of a public benefit entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are prepared in sterling, which is the presentation currency of the charity, and are rounded to the nearest £1.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

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DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

ROEHAMPTON PARISH TRUST

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(losses) on investments’ in the statement of financial activities.

2.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.8 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

The endowment fund is a capital fund established in accordance with the scheme agreed with The Charity Commission in November 2015. The income arising fro the endowment is available to be applied to the general fund in order to facilitate the provision of charitable grants to organisations working in the ecclesiastical parish of Roehampton.

Investment income, gains and losses are allocated to the appropriate fund.

Page 9

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3. Investment income

Unrestricted
funds
2022
£
Income from managed investment portfolio
54,181
Bank interest
18
54,199
Unrestricted
funds
2021
£
Income from managed investment portfolio
50,748
Bank interest
1
50,749		 Total
funds
2022
£
54,181
18
54,199
Total
funds
2021
£
50,748
1
50,749

4. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2022
£
Charitable activities in Roehampton
60,698
Unrestricted
funds
2021
£
Charitable activities in Roehampton
81,170		 Total
2022
£
60,698
Total
2021
£
81,170

Page 10

DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Analysis of expenditure by activities

Charitable activities in Roehampton
Charitable activities in Roehampton
Analysis of support costs
Sundry expenses
Investment management and advisor fees
Bank charges
Governance costs
Investment management and advisor fees
Bank charges
Governance costs		 Grant
funding of
activities
(see note 6)
2022
£
20,487
Grant
funding of
activities
2021
£
41,684		 Support
costs
2022
£
40,211
Support
costs
2021
£
39,486
Activities
2022
£
82
38,259
42
1,828
40,211
Activities
2021
£
36,496
96
2,894
39,486		 Total
funds
2022
£
60,698
Total
funds
2021
£
81,170
Total
funds
2022
£
82
38,259
42
1,828
40,211
Total
funds
2021
£
36,496
96
2,894
39,486

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DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

6. Analysis of grants

Grants payable
Grants payable
The charity has made the following grants to institutions during the year:
Name of institution
Roehampton Church School
Regenerate
Holy Trinity Church
Boxing Club
Estate Art
Minstead Gardens Methodist Church
Roehampton Voice
Rackets Cubed
Alton Community Group		 Grants to
institutions
2022
£
20,487
Grants to
institutions
2021
£
41,684
2022
£
15,000
2,304
1,600
1,025
558
-
-
-
-
20,487		 Total
funds
2022
£
20,487
Total
funds
2021
£
41,684
2021
£
15,000
-
-
-
-
15,000
5,184
5,000
1,500
41,684

7. Independent examiner's remuneration (2021 - auditors' remuneration)

The independent examiner's remuneration amounts to an independent examiner fee of £1,800 (2021 - auditor fee of £2,894).

8. Trustees' remuneration and expenses

During the year, no trustees received any remuneration or other benefits (2021 - £NIL).

During the year ended 31 December 2022, no trustee expenses have been incurred (2021 - £NIL).

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DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

9. Fixed asset investments

Valuation
At 1 January 2022
Additions
Disposals
Unrealised loss on investments held at 31 December 2022
Investment management and advisor fees deducted
Cash withdrawal from investment cash account
Dividends added to investments
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Managed
investment
fund
£
2,682,024
462,472
(425,256)
(246,913)
(38,259)
(25,000)
54,181
2,463,249
2,463,249
2,682,024

The managed investment fund consists of a portfolio of investments in equities, bonds and funds supported by cash accounts which are used to facilitate the management of the investments at the fund manager's discretion. Cash was withdrawn during the year as stated above, and the net unrealised losses in the year were £246,913. Investments at 31 December 2022 had a historical cost of £2,279,974 (2021 - £2,083,644).

10. Creditor: amount falling due within one year

Accrual
Financial instruments
Financial assets
Financial assets measured at fair value through net (expenditure)/income		 2022
£
1,800
2022
£
2,478,455		 2021
£
2,880
2021
£
2,695,731

11. Financial instruments

Financial assets measured at fair value through net (expenditure)/income comprise fixed asset investments and cash at bank.

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DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

12. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 31
January Gains/ December
2022 Income Expenditure (Losses) 2022
£ £ £ £ £
Unrestricted funds
General Funds 70,981 54,199 (60,698) - 64,482
Endowment funds
Endowment Fund 2,621,870 - - (209,697) 2,412,173
Total of funds 2,692,851 54,199 (60,698) (209,697) 2,476,655
Statement of funds - prior year
Balance at
Balance at 31
1 January Transfers Gains/ December
2021 Income Expenditure in/out (Losses) 2021
£ £ £ £ £ £
Unrestricted
funds
General Funds 41,402 50,749 (81,170) 60,000 - 70,981
Endowment
funds
Endowment
Fund 2,355,248 - - (60,000) 326,622 2,621,870
Total of funds 2,396,650 50,749 (81,170) - 326,622 2,692,851

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DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Summary of funds

Summary of funds - current year


General funds
Endowment funds
General funds
Endowment funds		 Balance at 1
January
2022
£
70,981
2,621,870
2,692,851
Income
£
50,749
-
50,749		 Income
£
54,199
-
54,199
Expenditure
£
(81,170)
-
(81,170)		 Expenditure
£
(60,698)
-
(60,698)
Transfers
in/out
£
60,000
(60,000)
-		 Gains/
(Losses)
£
-
(209,697)
(209,697)
Gains/
(Losses)
£
-
326,622
326,622		 Balance at
31
December
2022
£
64,482
2,412,173
2,476,655
Balance at
31
December
2021
£
70,981
2,621,870
Summary of funds - prior year
General funds
Endowment
funds		 Balance at
1 January
2021
£
41,402
2,355,248
2,396,650
2,692,851

14. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Fixed asset investments
51,076
Current assets
15,206
Creditors: amounts falling due within one year
(1,800)
Total
64,482		 Endowment
funds
2022
£
2,412,173
-
-
2,412,173		 Total
funds
2022
£
2,463,249
15,206
(1,800)
2,476,655

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DocuSign Envelope ID: AD970651-5BE0-4F09-A9A0-7FD76C8ABCF8

ROEHAMPTON PARISH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Fixed asset investments
Current assets
Creditors: amounts falling due within one year
Total		 Unrestricted
funds
2021
£
60,154
13,707
(2,880)
70,981		 Endowment
funds
2021
£
2,621,870
-
-
2,621,870		 Total
funds
2021
£
2,682,024
13,707
(2,880)
2,692,851

15. Grant commitments

Commitments in respect of grants approved for projects which have not been accrued in the financial statements but will form part of grants in future years:

Within one year
Between one and five years		 2022
£
-
-
-		 2021
£
30,000
60,000
90,000

The grant commitment at 31 December 2022 is £NIL. The commitment at 31 December 2021 related to a project which was subsequently delayed for a number of reasons and the commitment extant at 31 December 2021 is now considered to have lapsed.

16. Related party transactions

The PCC of Holy Trinity, the Parish Church of Roehampton, is considered a related party of this charity as both organisations have some trustees in common.

During the period under review grants totalling £1,600 (2021 - £NIL) were awarded to the Church.

Page 16