THE LEE CHARITY OF wnLLIAM HATCLIFFE Registered Charity Number 208053 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
THE LEE CHARITY OF VMLLIAM HATCLIFFE CONTENTS Page 1, 2 & 3 Report of the Trustees Independent Examiner's Report Statement of Financial Aclivib'es Balance Sheet 7&6 Notes lo the Accounts
THE LEE CHARITY OF WILLIAM HATCLIFFE LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Mr D Walker (The Reverend) Mrs D Brooker Mrs K C Donnelly Mrs W D Kirkman Mr R C Thomas Mr R W B Clough CLERK Mi P Granger CHARITY NUMBER 208053 PRINCIPAL ADDRESS Sl Margaret's Wisilors Centre 2 Brandram Road Lewisham London SE13 SEA BANKERS Co-operative Bank PLC POBox250 Delf House Soulhway Skelmersdale WN8 6W CAF Bank limited 25 Kings Hill Avenue King5 Hill Kent ME19 4JQ INDEPENDENT EXAMINER M P H Jones FCA Wallace Crooke Chartered Accountants College House St Leonards Close Bridgnorth Shiopshire WV16 4EJ
THE LEE CHARITY OF WILLIAM HATCLIFFE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their report and accounts for the year ended 31 March 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wff(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151. Structure, governance and management governing document Although foundecs in 1622. the Charity Is currently governed by an Order of the Charity Commission dated 20 June 2005 which amended its governance to permit a wider area of benefit for the appliCatn of the Charity's funds. There is no need for the charity to engage in fundratsing as it derives income from the Estate Charity of William Halcliffe. Trustees are required to pass 400A of the funds lo The Lee Education Charity of William Halcliffe. The Estate Charity has advised that il expects lo be able lo maintain its distribution to the Charity at the current level for the foreseeable future. The Tnjstees are appointed for terms of four years, other than the Rector for the timo being of St. Margaret of Antioch. Lee, who is an ex-officio Tiustee for the period of holding such office. One Trustee is appointed by the Council of the London Borough of Lewisham and six appointed by recommendation from the Trustees. The Trustees meet quarterly or mole fvequenlly as circumstances or needs require. Those who served during the year were-. The Reverend Timothy Goode (Resigned 13 July 20231 The Reverend Daniel Walker (Appointed 13 July 20231 Mrs D Brooker Mrs K D Kirkman Mrs K C Donnelly Mr C R Jeal (deceased 10 May 2022} Mr R C Thomas Mr R Quinell {resigned 8 March 20231 Under the direclion of the Trustees, the Charity employs a Clerk to carry out financial, administrative, and secretarial duties. An Ambassador is also lo promote the charity and liaise with prospective and successful grant applicants. The charity embraces all aspects of The Equality Act 2010. Risk management The Trustees have assessed the major risks to which the charity is exposed and are satisfied that the systems are in place lo mitigate exposure to the major risks. Internal financial risks are minimised by the implementation of procedures for the authorisalion of all transactions. The Trustees have decided it prudent to temper the Charty's level of grants awarded so that reserves are maintained al a minimum level of £30.000 as a safeguard against possible future eventualities.
THE LEE CHARITY OF WILLIAM HATCLIFFE REPORT OF THE TRUSTEES (contlnued) FOR THE YEAR ENDED 31 MARCH 2023 Objects and actlvlties The Charity is granl-making with the objective of relief of persons resident in the London Borough of Lewisham Iwith preference lo those living in the Ancient Parish of Lee) who are in need, hardship or distress without regard to their age, sex. ethnic background or religion either directly lo individuals or to registered charities working in the field. The Trustees confirm that they have given careful consideration to the Charity Commission's general guidance on public benefit when reviewing objectives and planning activities. Public beneflt statement The trustees confirm that they comply with their dLJty to have due regard to the Charity Commission's public benefit guidance. The Lee Charity of William Hatcliffe largels funding for the Telief of povety and to tackle social and health inequalities. It makes grants to support the work of charities and community groups that work with people affected by economic disadvantage and for individuals who are in need, hardship, or distress. The charity awards grants based on published criteria and through a thoughtful and fair assessment of the needs and a5piialions of the applicants. A monitoring process ensures that public benefit is derived ftom each grant award. Achlevements and performance During Ihis financial year there has been a considerable review of mana9emenl prOsSes. data collection. informatson and financial tools, governance. and policy with an emphasis on.. 1. A structured approach for timely. accurate and responsive infomialion sharing within the organisalion 2. Robust financial controls 3. Agility and appropriate prudence rooted in well-informed decision making 4. Responsiveness and ability to disburse grants quicker to people with more urgent needs 5. Greater local visibility and to build reputation In 2005 the Charity set up a "partnership panel" of 10 charities oper81ing in Lewisham across a wide spectrum of those with differing needs to act as sponsors for grant applic21ions from individuals. Publicity of the Charity's activities continues to be circulated to not only panel members bul to other agencies inviting applications to be made for individuals. The recent launch of our brand-new website {https.'IAee-hatcliffe.org.ukl is also significant in terms of profiling the charity and ils grants scheme in the locality. As a result, the eharity now receives a steady stream of applications every month for both individuals and charities, and it has been able to distribute more awards than prior years. Grant Applications were also 5nviled from all registered charities in the London Borough of Lewisham engaged in the relief of need for grants lo assist in any aspects of their work. The Trustees met quarterly during the year lo consider grant applications and to manage the Charity's business. They also give consideration to urgent grant applications between such meetings. Across our priority are8, the charity has supported 18 groups and 53 individuals from a wide range of applicants and initiatives such as".
THE LEE CHARITY OF WILLIAM HATCLIFFE REPORT OF THE TRitSTEES l¢ontinuedl FOR THE YEAR ENDED 31 IAARCH 2023 RthvJees. 8$yM seekers and vulnefable mtyjrants: IndivU81$ that 8fter pers4 drfrkaJMS lookn.ry fora new stt w) lrfe.. outreathlcommunty work wrth women. m. 8AME communities, young carers, older FeOF4e. fvjothwks, homeles&%$.. ESOL classes." thuapeutsc arts. aThJ gardening lor wellbeing, Time bank,, 'Baby bank,, Digtsl I$). Disabdty and Ac¢essrt)Ilty- we receive regular app1810nS lor individuals sponsored by Communbty CeneiOnS L1$harn. We have also been able to help provide more energy efficient whitegorxts Icv appIt9 relened to us by SELCE [rIng the year. Grants total&"ng E&l.60312022- £14.487} wue a8fd&l lo 5312(r22- 271 iidviidLbaL5 meet#vJ wide range ol needs Grants iolallry £56,809121Y22- £39,124) have been awarded lo 1812022- 7} fegistered Gharilies lo a varty of seNices that thw Provi lo Letsham fes¥JeA)ts in need of help. 3 sch(11$ wete awarded a combined total 01 £9. 184. The charity abo ccY)tritrJlaY £10.000 lo tr Sheflffs & Recorders Fund. tardS helr0 92 Lewisham ex-prl5cffiS nto ith vocatA)nai Iraining •d a rthv slart lrfe wdh white goods. ¢k)th9, beddg. arbd lurnrture Flnancial Rovl¢w Reserves Pollcy It has C0nfvm Ihat the Eslate Charty of Imliam Hatdrffe has approved a distrtJutK) ol £150.000 duriry the IarCl year 2tr23-24. olwhth £60.OLKI wdl be rw4uired to be passed on lo The Lee educabon Charty ol llM Hai¢We. nGoffte of £90,000. Al 31 March 2023. Ihe free reseNes are Q31,83712022' £277.6771. M the Ch¥ys funds unrestrided and held IOT the furtherance of its oti&ectNes. As the econo donttwn adverse cost of IN9 clmate COnte to cause finandal hardshy lor many people. Ihe Twstees will endeavour lo meet the chalknge by reoukting the tolal amount a¢•arded to successfttl appluits ar¥J to help at kasi as surtat4e appkants as poss in some way bul control Ihe cMJtflo of lunds from leSeS. On behalf of the l)oafd of TruBtee8 Trijstee Dato. 18th (ktobw 2CQ3
INDEPENDENT EXAMINER'S REPORT TO THETRUSTEES OF THE LEE CHARITY OF WILLIAM HATCLIFFE I report on accounts of the charity for the year ended 31 Maich 2023. which are attached. Respectlve responsibilitles of Govemors and Examiner As the Charity's Govemors you are responsible for the preparation of the 8ceounls', you conslder That the audit requirement of section 144{21 of the Chaiites Act 2011 Ilhe A¢tl does [t apply. It is my responsibility to stale. on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 14515llbl of the Act, whether particular matters have come to my attention. Basls of Independent Examineffs Report My examination was carried out in accordance wllh the General Direction5 given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items Dr disclostjres in the aoUnt$, and seeking explanations from you as trustees concerning any such matters. The pr¢xedures undertaken do not provide all the eviden that would be required in an audit and, Consequentty I do not express an audit opinion on the view given in the accounts. Independent Examinevs Statement In connection with my examination, no matter has to come to my attention (al )ch gives me reasonable calsse lo believe that in any material respect the requirements.. To keep accounting records in accordance with Seclion 130 of the Act To prepare accounts which accord with the accounting records and 19 comply with the accounting requiiements under Section 396 of the Companie5 Act 2008, or are not consistent with Charities SORP {FRS 1021 have not been met,. or (b) To which, in my opinion, attention shoulé be drawn in order to enable a proper understsndlng of the aecoun15 to be reached. MPHJon Wallace Croo Charteredl counlanls Co51ege House St Leonards Close Bridgnorth ShTOPShire WV16 4EJ Date.. 18th September 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEE CHARITY OF WILLIAM HATCLIFFE I report on accounts of the charity for the year ended 31$1 March 2023, which are attached. Respective responsibilities of Governors and Examiner As the Charity's Governors you are responsible for the preparation of the accounts" you consider That the audit requirement of section 144{21 of the Charites Act 2011llhe Acll does not apply. 11 is my responsibility to slate. on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 14515llbl of the Act, whether particular matters have come to my attention. Basls of Independent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be reqLJired in an audit and. consequently I do not express an audit opinion on the view given in the accounts. Independent Examinerfs Statement In connection with my examination, no matter has to come to my attention la} Vvhich gives me reasonable cause to believe that in any material respect the requirements.. To keep accounting lecords in accordance with Section 130 of the Act. To prepare accounts which accord with the accounting records and to comply with the accounting requirements under Section 396 of the Companies Act 2006, or are not consistent with Charities SORP {FRS 1021 have not been met., or Ibl To which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts lo be reached. M P H Jones FCA Wallace Crooke Chartered Accountants Co51ege House St Leonards Close Bridgnorth Shropshire WV16 4EJ Date.. 181h September 2023
THE LEE CHARITY OF WILLIAM HATCLIFFE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 Unrestricted Funds 2022 Unrestricted Funds Incomlng Resources Income from the Estate Charity of William Halcliffe 125,000 205,000 Less 40% to Lee Education Charity of William Halcliffe IUnde¥ Charity Comrnission Govemance Ordei dated 20106120051 150,0001 75,000 (82,0001 123,000 Gross Interest on Deposits Accounts 1894 50 Totsl Incomlng Resources 76,894 123.050 Resouces Expended Charitable Expenditure Grants to Individuals Grants to Registered Charities 40,428 71,756 14,287 42,069 Governance Costs Clerk's Stipend and National Insurance Ambassadors costs Administration Expenses Examiner's Fee 4,963 4.303 819 456 6,251 2.256 146 420 Total Resources Expended 122.724 65,429 Net Incoming Resource$ 45.8301 57,621 Funds Balance a11 April 2022 277.667 220,046 Fund Balance at 31 March 2023 231,837 277,667 The notes on page 7 & 8 form part of these accounts
THE LEE CHARITY OF WILLIAM HATCLIF 8ALANCE SHEEr FOR THE YEAR ENDED 31 IAARCH 2023 2023 2022 Notes CURRENT ASSETS cMraINe Bank Community ci"rlus Axount CAF Cash Bank CAF Gokl 99.622 24.811 118.618 243,051 259,622 24.104 350,780 634,5(fj CREDITORS Amounts fallg due wlhin one 11.214 356.839 TOTAL ASSETS LESS CURRETrif LIABILITIES 231,837 277,e67 FUNOS UnrèstrKted Ivnds 231.837 277.667 231.837 277.667 The notes on page 7 & 8 fomi part of thesè accounls The accotjnts wcre awroved by Ihe TsleeS on 18 Cttober 2023 Mr P Giarecr- crk
THE LEE CHARITY OF WILLIAM HATCLIFFE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1. Accounting Policies 1.1 Basis of preparation The financial statements of the charity. which is a public benefit entity under FRS102. have been prepared in accord8nce with the Charities SORP IFRS 102} '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 IFRS 1021 (effective 1 January 20151,, Financial Repotting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. 1.2 Incomlng resources All income is recognised in the Slalement of Financial Activities once the charity has entitlement lo the funds, voluntary income and donations are accounted for as received by the Charty. 1.3 Resources expended Liabilities are recognised as expenditure as soon 8S there is a legal or constructive obligation committing the charity to that expenditure. il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed lo particular headings they have all been allocated to activities on a basis consistent with the use of resources. 1.4 Taxation The charity is exempt from tsx on ils charitable activities. 1.5 Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the trustees. Designated funds are amounts which have been set aside at the discretion of the Trustees lor a specific, bul not legally binding, purpose. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 2. Trustees Rernuneration and Benefits None of the Trustees lor any person or organisation connected with them}, received remuneration or any other benefits for the year ended 31 March 2023, nor for the year ended 31 March 2022.
THE LEE CHARITY OF WILLIAM HATCLIFFE NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 31 MARCH 2023 Creditors- Amounts falling due withing one year 2023 2022 40% Contribution to Lee Education Charrty of William Halcliffe Grant5 to Registered Charities Administration expenses Examiner's Fee 350,000 5.170 1,249 420 10,758 456 11,214 356,839 Movement In funds 2023 2022 Unrestricted Funds Opening balance Incoming resources Resources expended 277,667 76.894 1122.724 220,046 123,050 165.4291 aosing balan¢e 231,837 277,667 Total funds 231,837 277.667