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2023-12-31-accounts

Trustees’ Annual Report for the period

From 01 JAN 2023 Period start date To:31 DEC 2023 Period end date

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 object of the CIO is the relief of financial
hardship by the provision of grants to
individuals in need, as well as educational
initiatives to promote self-development, growth
and financial security
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 charity has made grants to individuals in
dire need during the course of this financial
year.
The charity has further begun the process of
making grants to London-based nurses
enduring financial hardship to enable them to
pay for their courses and examinations.
The charity intends soon to be making grants to
former homeless individuals who are starting
their own businesses.
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 due regard to the
guidance issued by the Charity Commission on
public benefit.
Additional information (optional)
You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 We have a grant-making policy and
application form that is publicly available on
our website.
Policy on social investment
including program related
investment		 Para 1.38 We make grants to individuals in need
according to our governing document
Contribution made by
volunteers		 Para 1.38 All of our team are volunteers.
Other n/a

Achievements and Performance

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 charity has made grants to individuals in dire
need during the course of this financial year. It
has further begun the process of making grants
to London-based nurses enduring financial
hardship to enable them to pay for their courses
and examinations.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 The Trustees are pleased with the progress
made thus far. The Trustees held an Autumn
Strategy Meeting to plan initiatives for the future.
Performance of fundraising
activities against objectives
set		 Para 1.41 The Trustees are pleased with the progress
made thus far.
Investment performance
against objectives		 Para 1.41 We currently have no investments

Financial Review

Financial Review
Review of the charity’s financial
position at the end of the period		 Para 1.21 Although in the early stages of its development
the charity is now in a reasonable financial
situation which will allow it to make more
significant grants to those in need in the near
future.
Statement explaining the policy
for holding reserves stating why
they are held		 Para 1.22 We aim to keep £2,000 in reserve as a
contingency to meet unexpected situations and
events.

Amount of reserves held		 Para 1.22 £2,000
Reasons for holding zero
reserves		 Para 1.22 n/a
Details of fund materially in
deficit		 Para 1.24 n/a
Explanation of any uncertainties
about the charity continuing as
a going concern		 Para 1.23 The Trustees are happy that the Gresham
Benevolent Fund is and continues to be a going
concern.

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 Members of The Gresham Club and members
of the Public are our primary donors. We
achieve fundraising through events and
donations.
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 Our main risk is the health of The Gresham
Club, the Members of which are our primary
donors. The Gresham Club is currently in
reasonably good health.
Donation Return The Trustees became aware in early 2024,
after closure of the annual accounts for the
year, that a donation of £950 made in January
2023 to the charity needed to be returned to the
donor. The donation was from an auction of
promises that was organised by a 3rd party
organisation however, the donor reported that
they were unable to access the promise. The
donation of £950 was returned to the donor on
19 January 2024. The refund is to be included
in our FY 2024 accounts. A note to this effect is
also on our CC16A for FY 2023.

Structure, Governance and Management

Description of charity’s trusts: CIO Trust Deed
Type of governing document Para 1.25 CIO Trust Deed

How is the charity constituted?		 Para 1.25 CIO Constitution

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 As per CIO Constitution

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 New Trustees are provided a copy of the
constitution, the most recent accounts and
access to the Minutes of past meetings.
They are also asked to confirm that they
have read the Charity Commission’s
guidance on the “15 Questions That
Trustees Should Ask” and encouraged to
read Charity Commission Newsletters.
The charity’s organisational
structure and any wider network
with which the charity works		 Para 1.51
The Trustee Board has a Chairman who
organises and minutes regular meetings of
Trustees.The Charity also held a Strategy
Day in Oct 2023 to discuss the way forward.
Relationship with related parties Para 1.51 n/a

Other		 n/a

Reference and Administrative details

Charityname GRESHAM BENEVOLENT FUND
Other name the charity uses n/a
Registered charitynumber 1192072
Charity’s principal address 1 Duchess Street, London. W1W 6AN

List Of Trustees Who Run 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 JP Trustee, Chairman FoundingTrustee
Brain Christie Esq Trustee From 20 July23
Trustee CIO Board
Pippa Watmough Trustee Trustee CIO Board
Brad Bamfield Esq Trustee, Treasurer Trustee CIO Board
GeoffreyHill Trustee Deceased Apr 23
Trustee CIO Board
Steve Jackson Trustee Resigned July23
Trustee CIO Board

– 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 n/a behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and n/a 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 n/a n/a n/a

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:

Name: David Howells Brad Bamfield Electronically Signed: Position: Chairman Treasurer Date: 5 Feb 2024 5 Feb 2024

Gresham Benevolent Fund Gresham Benevolent Fund Gresham Benevolent Fund 1192072 1192072
Receipts and payments accounts CC16a
For the period
from		 Period start date
1/1/2023		 To Period end date
31/12/23
Section A Receipts and payments
Unrestricted Restricted funds Endowment Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations 2,391 - - 2,391 1,543
100 Club Entries 2,819 - - 2,819 1,575
Events 1,997 1,997 1,479
Raffles - - - - -
Amazon 43 - - 43 63
PayPal 875 875 122
CAF bank 244 244
Interest 17 - - 17 4
Sub total
(Gross income for AR)		 8,386 - - 8,386 4,786
A2 Asset and investment sales,
Nil - - - -
- - - - -
Sub total - - - - -
Total receipts 8,386 - - 8,386 4,786
A3 Payments
Grants 1,300 - - 1,300 2049
100 Club Payouts 473 - - 473 292
Event costs 1,077 1,077 -
Marketing - - - - 70
IT & Website Fees 155 - - 155 114
Bank Fees 60 - - 60 81
Admin 96 - - 96 201
Sub total 3,162 - - 3,162 2,807
A4 Asset and investment
n/a - - - -
- - - -
Sub total - - - -
Total payments 3,162 - - 3,162 2,807
Net of receipts/(payments) 5,224 - - 5,224 1,979
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end 5,224 - - 5,224 1,979

Section B Statement of assets and liabilities at the end of the period

Categories Details Unrestricted Restricted funds Endowment
to nearest £ to nearest £ to nearest £
B1 Cash funds Cash Balance 2022 5,052 - -
Cash Balance 2023 5,224 - -
- - -
Total cash funds 10,276 - -
(agree balances with receipts and payments
account(s)) OK OK OK
Unrestricted Restricted funds Endowment
funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets n/a - - -
- - -
Details Fund to which asset Cost (optional) Current value
B3 Investment assets n/a - -
- -
Details Fund to which asset Cost (optional) Current value
B4 Assets retained for the n/a - -
charity’s own use - -
- -
Details Fund to which Amount due When due
B5 Liabilities Nil -
Post Accounting Period Note
: The Trustees became aware in early 2024, after closure of the annual accounts for the
year, that a donation of £950 made in January 2023 to the charity needed to be returned to the donor. The donation was
from an auction of promises that was organised by a 3rd party organisation however, the donor reported that they were
unable to access the promise. The donation of £950 was returned to the donor on 19 January 2024. The refund is to be
included in our FY 2024 accounts.
Signed by one or two trustees on behalf Signature Print Name Date of approval
Electronic Signature David Howells 7/2/2024
Electronic Signature Brad Bamfield 6/2/2024

CCXX R1 accounts (SS)

07/02/2024

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