Bromley Relief in Need CIO
Trustees’ Annual Report
For the period from 1st January 2023 to 31st December 2023
Charity registration number: 1185879
Introduction
Bromley Relief in Need (BRiN) continues to help the poor of Bromley starting from 1631 when the Bishop of Rochester made a donation for the benefit of the poor of Bromley Parish Church. We now cover the whole of the London Borough of Bromley and not just within the Boundaries of the Parish of Bromley Parish Church. The vicar of Bromley Parish Church continues to be the chair of Trustees.
Trustees report for the period ending 31st December 2023
Our objectives are
To provide relief, either generally or individually, to persons resident in the London Borough of Bromley who are in conditions of need, hardship or distress.
We do this by providing essential items such as cookers, fridge/freezers, washing machines, beds/mattresses and secondhand furniture. To ensure that the need is genuine, we only accept referrals from professional thirdparty sponsors such as social workers, healthcare professionals, religious leaders or another charity.
We received 93 (103) applications for support in 2023 but deemed only 42 (51) to be sufficiently in need to warrant acceptance. Some were referred to other more appropriate charities, such as Bromley Brighter Beginnings and Bromley Homeless Starter Packs. We continued our partnership with the Beckenham Parochial Charity. Figures in brackets are numbers for last year
Trustees
The trustees met rarely but had frequent informal email communications to ensure timely response to applications. Every decision was discussed by a majority of trustees. Trustees have overall control and responsibility for policy and major decision making. They are unpaid and make no expense claims. There are no employees or volunteers. There are also no overheads. We believe that our efforts ensure that our charity works to the public benefit in accordance with the Charity Commission Guidelines.
Our current trustees at 31[st] December 2023 were
Jessica Arnold Peter Ayres Jane Cleveland Simon Jeal James Harratt (Chair and ex-officio trustee) Keith Nye Edwin Leslie Tree
Financial
Our income rarely met expenditure over the last few years of the charity, with the exception of the accounting period from 19 October 2019 to 31 December 2020. This continued into 2022 with a loss of £3,630 from an income of £5273 against an expenditure of £8903. However, 2023 was an exceptional year with donations reaching a level not seen in recent memory, the majority of which came from churches and their members. There was an income of £16368 against an expenditure of £9738.
The accounts have been prepared by a trustee, Edwin Tree, and independently verified. They have been prepared on a receipts and payments basis.
Signed on 16/03/2024
Signed on 16/03/2024
By
By
James Harratt (chair of Trustees)
Edwin Tree (Accounts preparer and Trustee)
BROMLEY RELIEF IN NEED reg: 1185879 STATEMENT OF FINANCIAL ACTIVITIES 1st January 2023 to 31st December 2023
The accounts have been prepared on a receipts and payments basis.
| INCOMING RESOURCES | 2023 |
|---|---|
| Investment Income COIF | 1449.76 |
| Investment Income M&G | 1175.99 |
| Investment income Bath Bond | 50 |
| Donations | 12,613.81 |
| Bank interest | 8.85 |
| HMRC Gift Aid | 1069.78 |
| Total incoming | 16368.19 |
| RESOURCES EXPENDED | |
|---|---|
| Grants | 7738 |
| Investment COIF | 2,000.00 |
| Total Outgoing | 9738 |
| NET INCOMING | 6630.19 |
BROMLEY RELIEF IN NEED reg: 1185879 BALANCE SHEET AT YEAR END
| BROMLEY RELIEF IN NEED reg: 1185879 BALANCE SHEET AT YEAR END |
BROMLEY RELIEF IN NEED reg: 1185879 BALANCE SHEET AT YEAR END |
BROMLEY RELIEF IN NEED reg: 1185879 BALANCE SHEET AT YEAR END |
BROMLEY RELIEF IN NEED reg: 1185879 BALANCE SHEET AT YEAR END |
|---|---|---|---|
| FIXED ASSETS | 31-12-23 | 31-12-22 | 31-12-21 |
| Investments | 17,190.89 | 15,190.89 | 20,190.89 |
| CURRENT ASSETS | |||
| Cash at bank | 11750.48 | 5120.29 | 3,750.74 |
| Total Assets | 28,941.37 | 20,311.18 | 23,941.63 |
| Change in assets | 8,630.19 |
Book value of shares
| Book value of shares | Book value of shares | |||
|---|---|---|---|---|
| Number of shares* | 20231231 | **20221231 ** | 20211231 | |
| 7703.612 | charibonds shares | 8,833.82 | 8,833.82 | 8,833.82 |
| 1015 | Charifund Units | 2,343.99 | 2,343.99 | 2,343.99 |
| Sold | NS Income Bonds | 0.00 | 0.00 | 5,000.00 |
| 1 | Bath sola bond | 1,000.00 | 1,000.00 | 1,000.00 |
| 2,688.28 | COIF shares | 5,013.08 | 3,013.08 | 3,013.08 |
| Total Investments | 17,190.89 | **15,190.89 ** | 20,190.89 |