Registered Charity Number: 201603 ## **SOUTHAMPTON AND DISTRICT SICK POOR FUND** ## **AND HUMANE SOCIETY** **(ALSO KNOWN AS SOUTHAMPTON CHARITABLE TRUST)** **REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** ## **Annual report and financial statements for the year ended 31 December 2024** ## **Contents** ## **Page:** - 1 Charity Information - 2 Trustees’ Report - 3 Statement of Financial Activities - 4 Balance Sheet - 5 - 8 Notes to the Accounts **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** **Annual report and financial statements for the year ended 31 December 2024** ## **Charity Information** **Working title:** Southampton Charitable Trust **Charity Number:** 201603 **Address:** C/O 100 Newlands Ave Shirley Southampton SO15 5ES **Trustees:** S G Prince C D C Jameson (Chairman) D A Waldron D W Chun A Scouller N J Turner D J Richards **Bankers:** TSB Bank Plc 31 Above Bar Street Southampton SO14 7DX 1 **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** ## **Trustees’ Report** **for the year ended 31 December 2024** ## **STRUCTURE AND MANAGEMENT** ## **Governing document** The Charity is governed by the Scheme of the Charity commissioners dated 15 February 1963 and was registered under the Charities Act 1960. ## **Trustee selection** Trustees are appointed by the existing Board of Trustees. ## **Objectives and Activities for Public Benefit** The principal objective of the Society is to apply its income for the benefit of the sick poor of Southampton and the immediate neighbourhood. A secondary object is to grant awards to persons living in Southampton who have rescued or attempted to rescue persons from drowning or other dangers. The Trust carries out its objective, to relieve those in need due to both ill-health and financial hardship, in line with the guidance issued by the Charity Commission on public benefit when reviewing the Trusts aims and objectives and in setting the grant making policy for the year. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Results for the Year** During the year ended 31 December 2024, the Society received income amounting to £21,412 (2023: £20,806). Administrative expenses of £70 (2023: £535) were incurred and net charitable grants of £12,070 (2023: £11,317) distributed. There were no transfers in the year from capital reserves (2023: £nil). The surplus for the year of £9,272 (2023: £8,954), before investment gains, was credited to the Income fund of £45,396 leaving £54,668 to be carried forward. The Trustees would welcome further bequests and donations to assist with the Society’s charitable objectives. ## **Review of the Year** The Society continued to provide valuable assistance to other Societies and organisations in Southampton and the neighbourhood for the relief and benefit of sick poor persons. The Society is receiving an increasing number of requests for direct assistance to individuals and this is placing an onerous burden upon the administration of the Society. The Trustees wish to dissuade such applications although consideration will be given to particularly deserving cases. In view of the limited available financial resources the Trustees have continued with their policy of not making awards for its secondary object other than in the most exceptional cases. ## **FINANCIAL REVIEW** ## **Reserves Policy** The Trustees consider the fixed asset investments to be the capital of the Trust and only the income therefrom as available for grants and expenses. It is the general policy of the Trust to keep a balance on the income fund equivalent to six months expenditure on overhead expenses and grants. ## **Risks** The Trustees are aware of and mitigate the major risks to which the Charity is exposed. ## **Declaration** The Trustees declare that they have approved the Trustees Report above. ## **By Order of the Trustees** **C D C Jameson Chairman Date: 02 April 2025** 2 **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** ## **Statement of Financial Activities** **for the year ended 31 December 2024** |**Note**
**Capital Fund**
**£**
**Incoming from:**
Donations
-
Investments:
Listed securities
-
Bank and other interest
-
_________
**Total income**
-
_________
**Expenditure on:**
Charitable activities:
Direct charitable expenditure
2
-
Administration expenditure
3
-
_________
**Total expenditure**
-
_________
**Net income before investment gains**
-
Net gains/(losses) on investments
13,820
_________
**Net income / (expenditure)**
13,820
**Transfers between funds**
-
_________
**Net movement in funds for the year**
13,820
**Reconciliation of funds:**
**Total funds brought forward**
465,892
_________
**Total funds carried forward**
479,712
|**Income**
**Fund**
**£**
4,510
14,451
2,451
______
21,412
_____
12,070
70
_____

12,140
______
9,272
-
___
9,272
-
______
9,272
45,396
______
54,668
|**Total**
**£**
4,510
14,451
2,451
_________
21,412
_________
12,070
70
_________

12,140
_________
9,272
13,820
_________
23,092
-
_________
23,092
511,288
_________
534,380
|**2023**
**£**
2,010
17,889
907
_________
20,806
_________
11,317
535
_________
11,852
_________
8,954
12,888
_________
21,842
-
_________
21,842
489,446
_________
511,288
| |---|---|---|---| ## Both funds are unrestricted The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 3 **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** ## **Balance sheet** **at 31 December 2024** |**Note**
**Fixed asset investments**
4
**Current assets**
Prepayments
Cash at bank and on deposit
**Creditors: amounts falling due within one year**
Accruals
**Net current assets**
**Net assets**
5
**The funds of the charity:**
Capital Fund
6
Income Fund
6|**2024**
**£**
360,929
_________
35
173,416
-
_________
173,451
_________
534,380
_________
479,712
54,668
_________
534,380
|**2023**
**£**
353,500
_________
70
157,718
-
_________
157,788
_________
511,288
_________
465,892
45,396
_________
511,288
| |---|---|---| Approved for signature by the Trustees on 02 April 2025 and signed on their behalf by: D J Richards Trustee C D C Jameson Trustee The notes on pages 5 to 7 form part of these financial statements. 4 **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** ## **Notes forming part of the financial statements for the year ended 31 December 2024** ## **1 Accounting Policies** - a) General information and basis of preparation The charity is an unincorporated charity registered in England and Wales. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are included in the Trustees report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Investments are stated at market value as at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The accruals basis of accounting is used for expenditure. Direct charitable expenditure comprises grants payable to local organisations and individuals who qualify for assistance in accordance with the objects of the Society. Grants payable are accounted for when the Trustees have accepted a legal or moral obligation to make the grant. Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. 5 **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** ## **Notes forming part of the financial statements for the year ended 31 December 2024** _**(Continued)**_ |**2**
**Direct Charitable Expenditure**
**2024**
**£**
Direct charitable expenditure during the year comprised grants made to the following:
The Salvation Army
840
Multiple Sclerosis Society
930
Age UK Southampton
660
Cancer Relief – Macmillan Fund
840
Southampton Society for the Blind
930
Wessex Cancer Trust
840
Deaf Action
770
Society of St James
880
Elizabeth Finn Trust
620
Solent Mind
770
Autism Hampshire
660
Child Brain Injury
660
Honeypot Children’s Charity
660
Dementia Support
660
Lennox Cancer
450
Teenage Cancer
450
Maggies
450
Individuals
-
New Dawn Child Contact Centre (refund)
-
_________
12,070
_________
**3**
**Administration Expenditure**
**2024**
**£**
Professional charges
-
Value added tax suffered
-
LEI subscription
35
Honorarium
-
Data Protection
35
_________
70
|**2023**
**£**
800
885
630
800
885
800
735
840
590
735
630
630
630
630
-
-
-
1,477
(380)
_________
11,317
_________
**2023**
**£**
-
-
35
500
-
_________
535
| |---|---| 6 **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** ## **Notes forming part of the financial statements** ## **for the year ended 31 December 2024** _**(Continued)**_ ## **4 Fixed Asset Investments** |Market value at 1st January 2024
Net gain on revaluation
Net disposal at market value
Market value at 31st December 2024
Historical cost as at 31st December 2024
Fixed asset investments comprise:
Listed UK securities
Investments which comprise more than 5% of the total market value of
investments at 31st December 2024 were:
Charities Official Investment Fund income shares
Charities Aid Foundation Balanced Growth Fund
M & G Charifund||**2024**
**£**
353,500
8,426
(997)
_________
360,929
_________
127,790
_________
360,929
_________
360,929
_________
**2024**
**£**
224,495
-
136,434
|**2023**
**£**
453,004
12,888
(112,392)
_________
353,500
_________
215,030
_________
353,500
_________
353,500
_________
**2023**
**£**
219,535
997
132,968
| |---|---|---|---| ||||| ||||| ||||| ## **5 Analysis of Net Assets between Funds** |At 31st December 2023:
Fixed asset investments
Net current assets
At 31st December 2024:
Fixed asset investments
Net current assets|**Unrestricted Funds**
**Capital**
**Income**
**£**
**£**
353,500
-
112,392
_________
45,396
_________
465,892
_________
45,396
_________
360,929
-
118,783
_________
54,668
_________
479,712

54,668
|**Total**
**£**
353,500
157,788
_________
511,288
_________
360,929
173,451
_________
534,380
| |---|---|---| 7 **SOUTHAMPTON AND DISTRICT SICK POOR FUND AND HUMANE SOCIETY** **Notes forming part of the financial statements for the year ended 31 December 2024** _**(Continued)**_ ## **6 Funds** All the Society’s assets are expendable at the discretion of the Trustees. However in order to provide a continuing source of income to further the objectives of the Society, certain assets, as detailed in note 5, have been designated as a Capital Fund and are deemed non-distributable at present. The Income fund comprises net current assets which are available to meet future expenditure. ## **7 Related Party Transactions and Trustees’ Remuneration** Trustees received no emoluments (2023: Nil) nor expenses in the year (2023: Nil). 8