## **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**
**----- Start of picture text -----**
Donations 576 - -
100 Club Entries 1,385 - -
Events 754
Raffles 671 - -
Amazon 27 - -
PayPal 125
- - -
3,538 - -
Sub total (Gross income for AR)
**----- End of picture text -----**
**----- Start of picture text -----**
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 - -
**----- End of picture text -----**
## **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 £**
**----- Start of picture text -----**
576 -
1,385 -
754
671 -
27 -
125
- -
3,538 -
**----- End of picture text -----**
**----- Start of picture text -----**
-
- -
- -
3,538 -
201 -
66 -
62 -
101 -
35 -
- -
465 -
**----- End of picture text -----**
**----- Start of picture text -----**
-
-
- -
465 -
3,073 -
- -
- -
3,073 -
**----- End of picture text -----**
**----- Start of picture text -----**
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
**----- End of picture text -----**