Trustees’ Annual Report for the period
From: 29 October 2020 To 31 December 2021
Charity name: Gresham Benevolent Fund
Charity registration number: 1192072
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The purpose of Gresham Benevolent Fund (GBF) is to offer support, by loan, grant, financial gift or services in kind, to people referred to the charity who find themselves in imminent or actual need. A further purpose is to offer small, short term bursaries to young people who need support to train in the City of London |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The GBF is a new charity and as such has concentrated mostly on raising funds through its activities. The Charity has organised events, raffles and a Hundred Club to this end. The funds raised are shown in the accounts. The trustees have held regular meetings, usually via Zoom and these are minuted and recorded and records of attendance are maintained by the Chairman. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the guidance issued by the Charity Commission to ensure that the GBF works for the public benefit. No Trustee has received any financial reward or reimbursement of expenses for their work for and on behalf of the charity. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | The GBF has a comprehensive policy on grant making through a system of referral and application form. Each application is examined by Trustees individually and then discussed in a forum. There is a system of using scaled indicators for each Trustee to make their own recommendation. |
| Policy on social investment including program related investment |
Para 1.38 | The charity is not in a position with regard to funds to make any social investment at the moment. The GBF is considering how to create a network in order to offer bursaries to young people in need who wish to train in |
| the City of London but need financial (or introductory) support) |
||
|---|---|---|
| Contribution made by volunteers |
Para 1.38 | All the activity that is conducted by the GBF if entirely voluntary. All those who are connected with the development of the charity is voluntary. |
Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | To date, after its first year, The Gresham Benevolent Fund, has established itself as a viable charitable organisation with a degree of recognition. It is too early in the life of the GBF, and its available funds are too meagre, to claim any benefit to individuals: the GBF has been unable to make any charitable disbursements to individuals to date. The GBF has fostered interest with a number of individuals in the City of London, and is preparing to develop further contacts with City Institutions and potential sources of beneficiaries from its target groups. In general terms, the charity has promoted a raised awareness and interest with individuals who work or have interests in the City of London and has made them more aware and supportive of the proposed and planned aims of the charity. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | The GBF has achieved what it set out to do in its 1styear. |
| Performance of fundraising activities against objectives set |
Para 1.41 | N/A |
| Investment performance against objectives |
Para 1.41 | None |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The GBF has achieved a reasonable working fund. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The GBF has no money set aside as a reserve fund as yet, our holdings are currently too small. It is expected that as funding grows, then there will need to be decisions made as to the allocation to monies into a reserve fund and an active fund. |
| Amount of reserves held | Para 1.22 | Zero |
| Reasons for holding zero reserves |
Para 1.22 | Insufficient funds raised to enable the establishment of a reserve. |
|---|---|---|
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Due to the circumstances in which the charity has been initiated and formed, the pandemic, the Trustees have found that raising the GBF’s initial profile and thence initial funds has been difficult and slow. While the GBF is confident that conditions will improve, there is the possibility that the charity may have to consider whether there is sufficient support, and potential beneficiaries, to enable it to make a significant difference. However that decisions is for the future, once we have realised a new “normal” for the way society organises and operates it working practices. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | n/a |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | n/a |
| A description of the principal risks facing the charity |
Para 1.46 | The character and population of the target area of the GBF, the City of London and immediate environs, may alter beyond the scope of the GBF to be able to offer support to those in need within its target group(s). For example, there may be fewer people working in the City and fewer opportunities for young people to find training opportunities, and the potential to be able to identify or be referred to people in need, lessened. |
Structure, Governance and Management
| Description of charity’s trusts: |
N/A | |
|---|---|---|
| Type of governing document ( |
Para 1.25 | Trust deed |
| How is the charity constituted? |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Voluntary, but with nominations of potential trustees. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The Trustees are required annually to refresh their knowledge of the Duties of Trustees (Charity Commission Document CC3a) |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The Charity has a Board of Trustees who meet regularly to run the charity. |
| Relationship with any related parties |
Para 1.51 | The significant relationship that the charity has with another organisation is with The City of London Gresham Club Limited (Company No: 11587966), which is presently our main sponsor and institutional supporter. The City of London Gresham Club Limited supports many of the fund raising activities of the charity. |
Reference and Administrative details
| Charity name | The Gresham Benevolent Fund |
|---|---|
| Other name the charity uses | GBF (as an abbreviation) |
| Registered charity number | 1192072 |
| Charity’s principal address | 1 Duchess Street, Suite 1 Ground Floor London, W1W 6AN |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|
| David Howells | Chairman | N/A | N/A |
| GeoffreyHill | Vice Chairman | N/A | N/A |
| Andrew Montague |
Trustee | N/A | N/A |
| Aeneas O’Hara | Trustee | N/A | N/A |
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year |
|
|---|---|---|
| N/A |
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser Financial Andrew Lamb 1 Duchess Street, London. W1W 6AN.
Name of chief executive or names of senior staff members (Optional information)
N/A
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A Other optional information N/A
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
GH Electronic Signature | AOH Electronic Signature |
|---|---|---|
| Geoffrey Hill Esq | Aeneas O’Hara | |
Vice Chairman |
Trustee | |
| 27 Jan 2022 | ||
| 27 Jan 2022 |
1
Gresham Benevolent Fund
Receipts and payments acco
For the period from
Period start date
11/01/2020
To
Section A Receipts and payments
Unrestricted Restricted Endowment funds funds funds
to the nearest £
to the nearest £
to the nearest £
A1 Receipts
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Donations 576 - -
100 Club Entries 1,385 - -
Events 754
Raffles 671 - -
Amazon 27 - -
PayPal 125
- - -
3,538 - -
Sub total (Gross income for AR)
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A2 Asset and investment sales,
(see table).
Nil - - -
- - -
Sub total - - -
Total receipts 3,538 - -
A3 Payments
100 Club Prizes 201 - -
Marketing 66 - -
IT & Website Fees 62 - -
Bank Fees 101 - -
Admin 35 - -
- - -
Sub total 465 - -
A4 Asset and investment
purchases, (see table)
n/a - - -
- - -
Sub total - - -
Total payments 465 - -
Net of receipts/(payments) 3,073 - -
A5 Transfers between funds - - -
A6 Cash funds last year end - - -
Cash funds this year end 3,073 - -
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Section B Statement of assets and liabilities at the end of
| Unrestricted | ||
|---|---|---|
| Categories | Details | funds |
| B1 Cash funds | Cash Balance Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 3,073 - - 3,073 OK |
| Unrestricted | ||
| funds | ||
| B2 Other monetary assets | Details n/a |
to nearest £ - - |
| Fund to which | ||
| B3 Investment assets | Details n/a |
asset belongs Fund to which |
| B4 Assets retained for the | Details n/a |
asset belongs |
| charity’s own use | Fund to which | |
| B5 Liabilities | Details Nil |
liability relates |
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print N |
| DH electronic signature | D Howells (C | |
| GH electronic signature | G Hill (Vice C |
192072
ounts
CC16a
Period end date 31122021
Total funds
Last year
to the nearest £
to the nearest £
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576 -
1,385 -
754
671 -
27 -
125
- -
3,538 -
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----- Start of picture text -----
-
- -
- -
3,538 -
201 -
66 -
62 -
101 -
35 -
- -
465 -
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-
-
- -
465 -
3,073 -
- -
- -
3,073 -
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the period
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
OK OK
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
Amount due When due
(optional) (optional)
-
-
Date of
Name
approval
Chairman) 01/27/2022
Chairman) 01/27/2022
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