Trustees’ Annual Report for the period
From: 1 January 2021 To 31 December 2022
Charity name: Gresham Benevolent Fund
Charity registration number: 1192072
Objectives and Activities
| 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. |
| 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 still a relatively new charity and as such has concentrated mostly on raising funds through its activities. The Charity has organised events and a 100 Club to this end. The funds raised are shown in the accounts. The trustees have held regular meetings and these are minuted 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 GBF is considering how to create a network in order to offer small grants to disadvantaged young people in need who wish to train in the City of London but need support. The GBF is also investigating the |
| provision of support for nurses taking examinations. |
||
|---|---|---|
| Contribution made by volunteers |
Para 1.38 | No volunteers. |
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 | The Gresham Benevolent Fund has made donations to individuals in need and has provided support for a convoy of medical supplies for those affected by the crisis in Ukraine.. 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)
| Additional information (optional) | Additional information (optional) | 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 2nd year. |
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 small working fund. See accounts submitted with this document. |
| 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. |
| 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 | The Trustees are pleased with progress thus far. Over the coming months a sharpening up of our charitable purpose will be considered. Any changes or adjustments will be notified in the manner required. |
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 | City Of London Gresham Club Members |
|---|---|---|
Investment policy and objectives including any social investment policy adopted |
Para 1.46 | We currently have no investments. |
| A description of the principal risks facing the charity |
Para 1.46 | The GBF has a Risk Policy which it keeps under review. |
| Structure, Governance and Management | ||
| 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. In accordance with our governing document. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 and its Members support many of the fund raising activities of the charity. |
| Reference and Administrative details Charity name Gresham Benevolent Fund Other name the charity uses GBF (as an abbreviation) Registered charity number 1192072 Charity’s principal address 1 Duchess Street, London, W1W 6AN |
||
| Charity name | Gresham Benevolent Fund | |
| Other name the charity uses | GBF (as an abbreviation) | |
| Registered charity number | 1192072 | |
| Charity’s principal address | 1 Duchess Street, 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 | |
| GeoffreyHill | Vice Chairman | N/A | |
| Pippa Watmough | Trustee | Appointed 26/6/22 | |
| Steve Jackson | Trustee | Appointed 20/9/22 | |
| Brad Bamfield | Trustee | Appointed 7/11/22 | |
| Aeneas O’Hara | Trustee | Resigned 1/12/22 |
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Trustee Advisor |
Andrew Lamb | 1 Duchess Street, London. W1W 6AN. |
Declarations:
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signed on behalf of the charity’s trustees | Signed on behalf of the charity’s trustees | Signed on behalf of the charity’s trustees |
|---|---|---|
| Signature(s) Electronically signed by DH Electronically signed by GH Full name(s) David Howells JP Geoffrey Hill Esq Position (eg Secretary, Chair, etc) Chairman Vice Chairman |
||
| David Howells JP | Geoffrey Hill Esq | |
| Chairman Vice Chairman |
||
| Chairman | Vice Chairman |
Date 12/01/2023
| Gresham Benevolent Fund |
Gresham Benevolent Fund |
Gresham Benevolent Fund |
Gresham Benevolent Fund |
Gresham Benevolent Fund |
1192072 | 1192072 | CC16a | |
|---|---|---|---|---|---|---|---|---|
| For the period from |
Period start date 1/1/2022 |
To | Period end date 31/12/22 |
|||||
| Section A Receipts and payments | ||||||||
| Unrestricted to the nearest £ A1 Receipts |
Restricted funds to the nearest £ |
Endowment to the nearest £ |
Total funds to the nearest £ |
Last year to the nearest £ |
||||
| Donations | - 1,543- |
- -- |
- -- - -- - -- - -- - -- |
- 1,543- |
- 1,576- |
|||
| 100 Club Entries | - 1,575- |
- -- |
- 1,575- |
- 1,385- |
||||
| Events | - 1,479- |
- 1,479- |
- 754- |
|||||
| Raffles | - -- |
- -- |
- -- |
- 671- |
||||
| Amazon | - 63- |
- -- |
- 63- |
- 27- |
||||
| PayPal | - 122- |
- 122- |
- 125- |
|||||
| Interest | - 4- |
- -- |
- 4- |
- -- |
||||
| Sub total(Gross income for AR)- 4,787- A2 Asset and investment sales, (see |
- 4,787- |
- -- |
- -- |
- 4,787- |
- 4,538- |
|||
| A2 Asset and investment sales, (see | ||||||||
| Nil | - -- |
- -- |
- -- - -- |
- -- |
||||
| - -- |
- -- |
- -- |
- -- |
|||||
| Sub total- -- Total receipts - 4,787- A3 Payments |
- -- |
- -- |
- -- |
- -- |
- -- |
|||
| - 4,787- |
- -- |
- -- |
- 4,787- |
- 4,538- |
||||
| Grants | - 2,049- |
- -- |
- -- - -- - -- - -- - -- - -- |
- 2,049- |
0 | |||
| 100 Club Payouts | - 292- |
- -- |
- 292- |
- 201- |
||||
| Marketing | - 70- |
- -- |
- 70- |
- 66- |
||||
| IT & Website Fees | - 114- |
- -- |
- 114- |
- 62- |
||||
| Bank Fees | - 81- |
- -- |
- 81- |
- 101- |
||||
| Admin | - 201- |
- -- |
- 201- |
- 1,035- |
||||
| Sub total - 2,807- A4 Asset and investment |
- 2,807- |
- -- |
- -- |
- 2,807- |
- 1,465- |
|||
| A4 Asset and investment | ||||||||
| n/a | - -- |
- -- |
- -- - -- |
- -- |
||||
| - -- |
- -- |
- -- |
||||||
| Sub total - -- Total payments - 2,807- Net of receipts/(payments) - 1,980- A5 Transfers between funds - -- A6 Cash funds last year end - -- Cash funds this year end - 1,980- |
- -- |
- -- |
- -- |
- -- |
||||
| - 2,807- |
- -- |
- -- |
- 2,807- |
- 1,465- |
||||
| - 1,980- |
- -- |
- -- |
- 1,980- |
- 3,073- |
||||
| - -- |
- -- |
- -- - -- - -- |
- -- |
- -- |
||||
| - -- |
- -- |
- -- |
- -- |
|||||
| - 1,980- |
- -- |
- 1,980- |
- 3,073- |
|||||
CCXX R1 accounts (SS)
11/01/2023
1
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | |
|---|---|---|---|---|---|---|---|
| Categories B1 Cash funds |
Details | Unrestricted to nearest £ |
Restricted funds to nearest £ |
Endowment to nearest £ |
|||
| Cash Balance 2021 | - 3,073- |
- -- |
- -- |
||||
| Cash Balance 2022 | - 1,980- |
- -- |
- -- |
||||
| - -- |
- -- |
- -- |
|||||
| B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities Signed by one or two trustees on behalf of |
Total cash funds (agree balances with receipts and payments account (s)) Details n/a Details n/a Details n/a Details Nil Signature Electronic Signature S Jackson Electronic Signature G Hill |
- 5,053- |
- -- |
- -- |
|||
| OK | |||||||
| Unrestricted funds Restricted funds to nearest £ to nearest £ - -- - -- - -- - -- Fund to which asset Cost (optional) - -- - -- Fund to which asset Cost (optional) - -- - -- - -- Fund to which Amount due ( ) - -- - -- Print Name Steve Jackson Geoffrey Hill |
Endowment funds to nearest £ |
||||||
| - -- |
|||||||
| - -- |
|||||||
| Current value |
|||||||
| ( ) - -- |
|||||||
| - -- |
|||||||
| Current value |
|||||||
| ( ) - -- |
|||||||
| - -- |
|||||||
| - -- |
|||||||
| When due |
|||||||
| ( ) |
|||||||
| Date of approval | |||||||
| Steve Jackson | 10/1/2023 | ||||||
| Geoffrey Hill | 10/1/2023 |
CCXX R2 accounts (SS)
11/01/2023
2