Report of the Trustees and Unaudited Financial Statements
For the Year ended 31[st] December 2022
Felixstowe Relief Charity
Registered Charity Number : 1182192
Report of the Trustees of the Felixstowe Relief Charity For the Year ended 31[st] December 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number: 1182192
REGISTERED OFFICE
Town Hall Felixstowe IP11 2AG
TRUSTEES
Cllr Margaret Morris (Chair) Mr Norman Berry Cllr Darren Aitchison Cllr Amanda Folley Debbie Bartlett Peter Finbow Rev Andrew Dotchin
All trustees serve in a voluntary capacity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Felixstowe Relief Charity is controlled by its governing document, the Constitution dated 25[th] February 2019.
OBJECTIVES AND AIMS
The primary object of the charity is” for the public benefit,
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To provide relief to beneficiaries who are in need by reason of their youth, age, ill health, disability, financial hardship, personal, social or economic circumstances, in such ways as the trustees shall from time to time think fit, including (but not by way of limitation) through the provision of grants items and services to such persons and/or charities, and/or other organisations working to prevent or relieve poverty.
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The relief of financial hardship by assisting beneficiaries in financial hardship to pursue educational opportunities that they might not otherwise be able to afford, in such ways as the trustees think fit, including (but not exclusively) by awarding to such persons scholarships, maintenance allowances or grants tenable at any university, college or institution of higher or further education. The term "beneficiaries" means persons who have been resident for at least three years in Felixstowe.
REVIEW of 2022 - FOURTH YEAR
The Felixstowe Relief Charity was formed in February 2019 to create a new CIO (Charitable Incorporated Organisation) in order to merge 5 existing outdated Felixstowe based charities into the Felixstowe Relief Charity. Those existing charities were:
Felixstowe General Charity - Charity registration number: 270980 Alexandrine de la Roche Relief in Need Charity - Charity registration number: 261597 Widow’s Charity otherwise known as the Poor’s Estate - Charity registration number: 211504 Felixstowe War Memorial Cottages - Charity registration number: 240325 King George VI Coronation Memorial Homes for Old People - Charity registration number: 211502
Advice was taken from the Charities and Social Enterprise department at solicitors Birketts LLP. Most assets have now been transferred and the above 5 charities will shortly be closed with the Charity Commission.
During 2022 the charity started to look at the Cost of Living Crisis and how it could develop a grant policy to help with such things. No grants were given in 2022, with trustees concentrating on transferring funds from the above mentioned 5 charities into the Felixstowe Relief Charity.
The charity also agreed to sell one property; and a new lease for the other 4 properties has been drafted to enable an income which can be used for grant making purposes.
FINANCIAL REVIEW
Unrestricted funds are used in accordance with the charitable objectives at the discretion of the trustees. There are currently no restricted funds. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration, other benefits or trustees' expenses paid for the year ended 31 December 2022 nor for the previous three years.
TRUSTEE REPORT
In order to fulfil its objects, the work of the Charity focuses on the particular needs of residents of Felixstowe and the Trustees seek to ensure that, through the diversity of its board, identification of those needs are best met. 2022 saw the retirement of two trustees and recruitment of another four trustees.
The aim is to increase the number of trustees to between eight and twelve nominated trustees who can be appointed in accordance with clause 10.1 and 10.2 of its constitution.
Trustees will periodically review the arrangements for recruitment of new Trustees and will extend its contact with interested parties (including the local authority, churches and other appropriate bodies locally) and believes this to be the most effective way to identify suitable candidates from the local community as required.
RISK MANAGEMENT
The Trustees confirm that it has identified the major risks to which the Charity is exposed and has established systems to mitigate them.
PLANS FOR THE FUTURE
Since the formation of the Felixstowe Relief Charity in February 2019, the COVID-19 pandemic and the Cost of Living crisis, the charities objectives are more than ever in demand to provide relief of financial hardship, in such ways as the trustees shall from time to time think fit, including (but not by way of limitation) through the provision of grants, items and services to such persons and/or charities, and/or other organisations working to prevent or relieve poverty.
The Charity has been working with a local community group of volunteers called Helping Hands which has carried out relief during the pandemic and the Charity plans to expand its work in the local community working with community groups.
FELIXSTOWE RELIEF CHARITY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
| Total | Total | |
|---|---|---|
| 2021 | 2022 | |
| £ | £ | |
| Income: | 3742.01 | 118,402.03 |
| Expenditure: | 4021.07 | 11,224.06 |
| Total funds carried forward | 5,130.72 | 112,308.69 |