THE SOCIETY FOR THE RELIEF OF DISTRESS ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 CHARITY NO: 207585
THE SOCIETY FOR THE RELIEF OF OISTRESS TrUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees submit their Annual Report and Accounts for the Sty for th8 R81i6f of Distress (the 'Chanty'l for the year ended 31 December 2021. The Trustees f)fim1 that the Annual Report and Accounts comply wrth currerrt statutory requirements of the Charity's goveming document, the smaller charity provisions of the Statsment of Recommended Practice (SORP FRS 102) and Charities Act 2011 (the .2011 Acr). Constitution The Charity is constituted under a Trust doed and is a registered d)arity no 207585. The principal object of the Charity is to make grants for the reli6f ol VertY, sth8ss and distress to people living in the Inner London Boroughs. M•thod of appolntlng or £I•10n of TrustM• The management of the Chartty is the responsibilty of the Trust4$ who are elorted and cfr¢)pted under the térms of the Trust deed. Trustees are nominated by the Board of Trustees. Organl•allonal 8tructur• and D•¢l•lon Il•klng The Charty does not currtntty empby any staff. The Trustees are responsible for the management of the Charty and for Ihe furtheran¢6 ol the objects for whth it was established. The Trustees meet monthly to discuss the affairs of the Charty. Rl•k Manag•m•nt Th• Trustees hAV8 asses8ed tho rr4ior risks to which the Char¥ is axp08ed, in particular those relating to thè operations and finance of the Trust. The Trustees are 88tisfiod that 8ySteffrs are in plac8 to mitwJate the Charty'8 exposure to any major risk8. R•vl•w of A¢tlvlll The Charty pfovKJes grants to help peop of all ages, origins and bkgrOundS INing in London. often those receiving grants are very ill or disabled or suffering from great hardship. Typicalty one-off grants are made towards essentkql personal and household items, such as clothing. bedding, baby items, cookers, fridges, fumitur8 and fto)r covering. This year approximatety 15612020 212) grants were made totalling £34,678 (2020 £40,884). The Charty does not accept applications dirertty from individual8', ali applKions are required to be made by a recognised body, such as another charity. a social seNice departmènt, an NHS trust or a church or faith institution. Covld 19 Following the 8igntficant adverne imp&t of the Pandemic w the valu8 of the Charity's investment portfoh'o on 2020, valuations recov6red during 2021. Investment income ¢ontinued at a similar level to 2020. as did donations, enabling the Charty to continue to make individual grants of a similar level to last year, alihough overall fewer granls Vre given this year. The Trustees have a reasonable expeclation that the Chafty has adequate resources to continue orffition for the forese8able fubjro encompassing thoso changes.
R•••rv• Poll¢y The Charity rocerrfed donathy fr(xn a nurnber IA and tyganisatim this is not a guarnnteul source of income. The Trustees therofore maintain a18vel of Invesnts guaranta•s Suffici incom• to contKiu8 th• Charit6 aclNities on an ongoing basis. Slgned on behall of the Trustees IAn Mcculloch Chayman Tr•8surnr
THE SOCIETY FOR THE RELIEF OF DISTRESS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOCIEfY FOR THE RELIEF OF DISTRESS I report on tha a(Unts of the Soaety for the Relief of Distress (the fhariW) for the year anded 31 December 2021, are set (yjt on pages 4 to 7. R•sp•¢tiv• r•sponslblliliM of Trust••s and th• Ind•p•nd•nt Examin•r The Charity's Tru8tees are r8sponsibl8 ft)rthe weparation ofthe Annual Report and Accounts in accoTdan¢8 With the requirements of the Charities Act 2011 (the ?011 knt.). The Charty's Trustees consider that an audtt is not required for this year under tIOn 144 of the 2011 Act and that an independent exomination is needed. It is my responsibilty to: éxamine the accounts under Sect 145 of the 2011 Acl, to follow the applkablg Directn8 gr¥en ty the Charity Commi88ion (under 8ection145(5)(b) of the 2011 Act. and to 8tate whathar partb¢ular matter8 have c4>ro to my attention. Ba•is of Ind•p•nd•nt Examln•fs R•port My examination was carried out in acwdance with Ihe General Directions given by the Charty Commission. An examination includes a r•viaw of the accounting records kept by the Charty and a cornparison of the accounts presented with those records. It also incl05 consKleration of any unusual items or disclosures in the accounts and seeking explanations from the Truste8s conc•ming any Such matters. The procedures undertaken do nol provide all the IdenCe that would be required in an audii, and consequonty no opinion is given as to whethor the aunt8 present a Ynje arKI farf VAW and the rnport is limited to thoso matters 8•t out in the statèment b810w. Ind•p•nd•nt Eximln•rf• Stat•m•nt In connection with my eXannatIOn, no material matters have com to nry attentn whKh give me cause to believe that in any malerial respect.. accounting records wer• not k•pt in accordance with Sec1 130 of the 2011 Act or the accounts do not accord wlth the aixx)unting records. I have no concems and have com across no other matters in connection WFth the examination to which attention Should be drawn in order to enabl8 a proper undgr8tandnYJ of tho a)Unts to be reached. Andrew C Kemp FCA Meadow RKlge Pednor Nr Chesham Bucks HP5 2SX 25 October 2022
The Socth for the Relief of Distress Statement of Inco and Expendrtur• Yr •nded 31st DeLwnb8r 2021 2020 DonatK)ns 11.T12 25,678 11,1(K) 24,892 Investment Income Income Under Deed of Covenant 37,870 38.192 Grants mad• 35,128 42,354 (Not• 11 3.192 (4,692)
The So¢ty for the Relief of Oistress Balance Sheet AS at 3181 Da¢omb8r 2021 2021 2020 Cash at bank- Current Account 14,647 250 7.375 250 Debtors Investments al current markèt value (per Schedule} 719,056 594,198 IT - credÉlors (1,135) (1,305) Bakqn¢g at 1 st January 592,893 710.983 dLsUrplu(Dèfic1l> of Inwm• over expenditurn 2,442 15,4421 increasel{decrea$8) in market value of investments during thè y• Balance at 31 Dxember
The Socthy for the Retief of Distress Investment schedu - Market Values Year Ended 31st Decernber 2021 Market value at 1.1.21 Purchased during year Increas81 (decrease) in marf(et value during year Market valu8 al 31.12.21 217.476 29,095 246,571 15,844.46 unrts 18,037 (620) 17,417 en 14,374.690 units 351.060 89.111 440.171 99,678.48 units
The Society for the Relief of Distress Notes to the Accounts 31 December 2021
1. Analysis of net grants made in the year ended 31st December 2021
| g | |
|---|---|
| Furniture | 10,480 |
| Household items | 3,200 |
| Electrical goods | 11,830 |
| IT | 1,300 |
| Clothes | 2,339 |
| Baby items and school uniform | 398 |
| Flooring and decorating | 1,100 |
| Other items | 4,031 |
£34,678
2. During the year donations of £15,000 (2020 £10,000) were received from the Blyth Watson Trust. £5,000 was received just before the year end and will be used to fund grants to be made in 2022. Accordingly, this income has been deferred in the 2021 accounts and will be taken into income in 2022.
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