S'gniD
REGISTERED CHARITY NUMBER: 211317
SPONDON RELIEF IN NEED CHARITY
TRUSTEES’ REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
SPONDON RELIEF IN NEED CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
a a
|||Page|
|---|---|---|
|Trustees’ Report|1|to 5|
|Independent Examiner's Report||6|
|Statement ofFinancial Activities||7|
|Balance Sheet||8|
|Notes tothe Financial Statements|9|to 14|
|DetailedStatementofFinancialActivities|15|to16|
a SSS = tee gre
SPONDON RELIEF IN NEED CHARITY TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
=
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the 2019).Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
## OBJECTIVES AND ACTIVITIES
Objectives and activities for the public benefit The Charity's purpose is to relieve persons resident in the Ancient Township of Spondon who are in conditions of need, hardship or distress. This is achieved by financial assistance in the form of grants. The trustees confirm that they have referred to the guidance contained in the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, The boundary of the Ancient Township of Spondon, whilst mainly a suburb of Derby City, extends in part to Chaddesden, Borrowash and the Parish of Dale. (Confirmed via an ordinance survey map ata 1926 Parish Council meeting).
## ACHIEVEMENT AND PERFORMANCE
Projects and development Grants fall into a few general categories and follow a similar pattern from year to year particularly those shown within sub-headings a) and b) below.
a) School uniforms £312 (2020 - £385). 5 (3) grants were made.
b) Student grants £595 (2020 - £600). 1 (2) grants were made.
These are primarily for university students, but can include 6th form college pupils. The financial help given is towards books, other equipment and travel.
Publicity of our charity and its aims Advertising is placed locally. The trustees are happy we are reaching enough people for our resources. A website is now available at www.spondonreliefinneedcharity.org which is now a significant source of information enabling people to make enquiries/applications.
General
The trustees are continuing to be involved on a personal basis with the aims of the charity. E-mail address info@spondonreliefinneedcharity.org
The clerk has received numerous phone calls, thank you cards and letters acknowledging receipts of grants. byExamplestrustees. are tabled at each meeting by the clerk, and the kind remarks contained are very much appreciated
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SPONDON RELIEF IN NEED CHARITY
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
zs Reserves policy
ACHIEVEMENT AND PERFORMANCE Grants These are normally awarded to individuals only.
Payments may be made to organisations providing they can demonstrate that the grants will benefit those of their organisation who meet the criteria of this Charity.
No grants are given for the relief of rates and taxes, or any other expense which would normally be covered by the State, nor is any relief given for individuals indebtedness.
Repeat grants are only considered at trustees’ discretion, and only then if funds remain available after all other successful applications have been serviced,
A comprehensive list of grants awarded is shown below.
School trips (8) Furniture/bedding (7) White goods (10) Others (5) Carpets (3)
There were 2 grants over £1,000 in 20214
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||||
|---|---|---|
|Boundary|fence|£1,000|
|Playground|£2,000|
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## FINANCIAL REVIEW
Investment policy The trustees’ investment powers are limited, by the Charity Commission Scheme, to investments held in the name of the Official Custodian for Charities.
It is the policy of the trustees to maintain unrestricted funds, which are the free reserves of the charity to a level, which will equate to at least six months unrestricted expenditure. This is designed to provide sufficient funds to cover administration costs to enable a response to applications for grants that might arise. Historically the demand for eligible grants has been at a level such that reserves currently maintained are at a figure well in excess of this policy.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
Thecharities:Charity Commission Scheme was drawn up in November 1973 to combine the following ancient
William Gilbert 1662 John Locko 1663 Elizabeth Cowper 1728 Griffith Dakin 1773 Rev'd Francis Gisborne 1817 (part only) Samuel Alcock 1929
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SPONDON RELIEF IN NEED CHARITY
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
## STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisation a) Trustees meet in February, May, September and November each year. At the February meeting a budget for the year is discussed. Allocations were made to cater for grants required for major projects such as domestic equipment; Christmas goodwill; School uniforms: and Higher education. Any shortfall in funds to be made up from our Unrestricted Funds (Income Shares). b) All requests must be made on an official application form If the Sponsor is not a trustee a supporting letter is required from a recognised sponsor. Official applications forms are available from the clerk. arec) Acknowledgementsawarded. and receipts are sought to ensure that grants are used for the purposes for which they
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SPONDON RELIEF IN NEED CHARITY TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
_
## SSeea a nr REFERENCE AND ADMINISTRATIVE DETAILS Trustees
## Ex-Officio
Canon J Hollywell (Vicar of St Werburgh's Church Spondon)
## Nominative
Mrs S Bown (Dale Abbey PC) Mr P Berry (City of Derby) Mrs J Taylor (City of Derby)
Nominative trustees are appointed by the bodies shown above in brackets, and serve for a period of 4 years. Co-optive
Miss L Mellor Mrs M Bools Mrs P Jennings Mr D Jennings Mr A Martin Mr M Stevens Mrs K Leatherbarrow
Co-optative trustees are appointed by sitting trustees, and are selected according to their knowledge of the area of benefit, the locality and its inhabitants. They serve for a period of 5 years.
## Clerk
## Mr S Williams (Secretary and treasurer)
atThethe clerkdiscretion has a fullof the jobtrustees.description of his duties as approved by the trustees. The term of the appointment is
## Business address
13 Chapel Street Spondon Derby DE21 7JP
## info@spondonreliefinneedcharity,org
## Office
13 Chapel Street Spondon Derby DE21 7JP Tel: 01332 544689
## Bankers
National Westminster Bank PLC 836 Osmaston Road Allenton Derby DE24 92T
Solicitors Elliott Mather LLP Solicitors 44 Friar Gate Derby DE11DA
## **a**
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SPONDON RELIEF IN NEED CHARITY
—
## TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
|Independent Examiner|||
|---|---|---|
|G $ Gilbert FCA|||
|16 Jubilee Parkway
Jubilee Business Park|||
|Derby|||
|DE21 4BJ|||
|FINANCIAL POSITION|||
|Asummaryofthe financial position forthe year is shown below:|||
|||£|
|Income|||
|Investments, rents,bankinterestand miscellaneous||30,398|
|Expenses|||
|Maintenanceand administration|9,665||
|Grantrelief|13,927||
|||23,592|
|Net incoming resources|||
|||6,806|
Approved by order of the board of trustees on 11 May 2022 and signed on its behalf by:
D JenningsTut= A #
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPONDON RELIEF IN NEED CHARITY
_
aee Independent examiner's report to the trustees of Spondon Relief in Need Charity | report to the charity trustees on my examination of the accounts of Spondon Relief in Need Charity (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2014 (‘the Act').
| report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- tL accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement examination.that the accounts give a true and fair view which is not a matter considered as part of an independent
| have no concerns and have come across no other matters in connection with the examination to which attentionreached. should be drawn in this report in order to enable a proper understanding of the accounts to be
G $ Gilbert FCA CAMERON HUGHES LTD Chartered Accountants Derby
11 May 2022
## **a**
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SPONDON RELIEF IN NEED CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
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|||||||
|---|---|---|---|---|---|
|iee|
|Unrestricted|2021|2020|
|fund|Endowment|Total|Total|
|Notes|fund|funds|funds|
|INCOME|£|£|£|£|
|AND ENDOWMENTS|FROM|
|Donations and|legacies|100|-|100|98|
|Investment income|2|29,127|-|29,127|29,318|
|Other income|1,171|-|1,171|1,298|
|Total|30,398|-|30,398|30,714|
|EXPENDITURE|ON|
|Raising funds|3|4,115|-|4,115|2,219|
|Charitable|activities|
|Relief given|13,927|-|13,927|16,970|
|Other|5,550|-|5,550|5,490|
|Total|23,592|-|23,592|24,679|
|Net gains on|investments|259,172|30,344|289,516|36,561|
|NET INCOME|265,978|30,344|296,322|42,596|
|RECONCILIATION|OF|FUNDS|
|Total funds brought forward|108,946|797,845|906,791|864,195|
|TOTAL FUNDS CARRIED FORWARD|374,924|828,189|1,203,113|906,791|
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The notes form part of these financial statements
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SPONDON RELIEF IN NEED CHARITY
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## BALANCE SHEET 31 DECEMBER 2021
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|||||
|---|---|---|---|
|Notes|2021|2020|
|FIXED ASSETS|£|£|
|Investments|8|1,126,148|868,933|
|CURRENT ASSETS|
|Cash at bank and|in hand|78,765|39,538|
|CREDITORS|
|Amounts falling due within one year|9|(1,800)|(1,680)|
|NET CURRENT ASSETS|76,965|37,858|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|1,203,113|906,791|
|NET ASSETS|1,203,113|906,791|
|FUNDS|11|
|Unrestricted|funds|374,924|108,946|
|Endowment funds|828,189|797,845|
|TOTAL FUNDS|1,203,113|906,791|
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The financial statements were approved by the Board of Trustees and authorised for issue on 11 May 2022 and were signed on its behalf by:
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D Jennings -“8
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The notes form part of these financial statements
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SPONDON RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
,
## **a**
- 41: ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 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 (FRS 102) (effective 1 January 2019)’, Financial Reporting 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Taxation
The charity is exempt from tax on its charitable activities.
## =
## Fund accounting
trustees,Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the 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.
> statements.Further explanation of the nature and purpose of each fund is included in the notes to the financial
## 2: INVESTMENT INCOME
|INVESTMENT INCOME|||
|---|---|---|
||2021|2020|
|Rents
received
Incomefrom investments
Depositaccountinterest|3
10,592
18,519
16|7a
10,819
18,469
30|
||29,127|29,318|
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continued...
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## SPONDON RELIEF IN NEED CHARITY FORNOTES TO THE FINANCIAL STATEMENTS- continued THE YEAR ENDED 31 DECEMBER 2021
## **a** ee
## 3. RAISING FUNDS
## Investment management costs
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||||
|---|---|---|
|2021|2020|
|Property|£|£|
|Insurance repairs|3,614|2,013|
|Water|401|152|
|and gas|100|54|
|4,115|2,219|
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## 4, TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## Trustees’ expenses
There31 December were no 2020.trustees’ expenses paid for the year ended 31 December 2021 nor for the year ended 5. STAFF COSTS
The average monthly number of employees during the year was as follows:
## Secretary & treasurer
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|||
|---|---|
|2021|2020|
|1|1|
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No employees received emoluments in excess of £60,000.
## 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
=
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|||||||
|---|---|---|---|---|---|
|Unrestricted|Endowment|Total|
|fund|fund|funds|
|INCOME|£|£|£|
|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|98|-|98|
|Investment income|29,318|-|29,318|
|Other income|1,298|-|1,298|
|Total|30,714|-|30,714|
|EXPENDITURE|ON|
|Raising funds|2,219|-|2,219|
|Charitable|activities|
|Relief given|16,970|-|16,970|
|Other|5,490|-|5,490|
|Total|24,679|-|24,679|
|Net gains on investments|4,292|32,269|36,561|
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continued...
SPONDON RELIEF IN NEED CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
## eee
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m
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|---|---|---|---|---|---|
|6.|COMPARATIVES|FOR THE STATEMENT OF|FINANCIAL ACTIVITIES|- continued|
|Unrestricted|Endowment|Total|
|fund|fund|funds|
|NET|zy|£|£|
|INCOME|10,327|32,269|42,596|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought forward|98,619|765,576|864,195|
|TOTAL|FUNDS CARRIED FORWARD|108,946|797,845|906,791|
|7.|PROPERTY|REPAIRS|
|2021|2020|
|Repairs|16 Moor End|230|2013|
|230|2013|
|8,|FIXED ASSET|INVESTMENTS|
|2021|2020|
|Shares|£|£|
|Land|712,406|634,933|
|and|buildings|413,742|234,000|
|1,126,148|868,933|
|Additional|information|as|follows:|
|Listed|
|investments|
|MARKET|VALUE|£|
|At|1|January 2021|634,933|
|Revaluations|77,473|
|At31 December 2021|712,406|
|NET|BOOK|VALUE|
|At 31|December 2021|712,406|
|At 31|December 2020|634,933|
|There were|no|investment assets|outside|the|UK.|
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## acr cece Page 11 continued...
SPONDON RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021
;
=
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|oR a|a|a|a|ee|ee|
|8.|FIXED ASSET INVESTMENTS-|continued|
|Cost or valuation|at 31|December 2021|is|represented|by:|
|Listed|
|investments|
|Valuation|in 2021|712,406E|
|Investments|(neither|listed|nor|unlisted) were|as|follows:|
|2021|2020|
|£|£.|
|Land and|buildings|413,742|234,000|
|The|land|and|buildings were|valued|at the Open|Market Value|by Messrs|Eaton|&|Hollis|in|November|
|2005.|During|2021 a|plot|of land was|sold|for development which was|originally valued|by|Eaton|and|
|Hollis|at £37,000.|The charity then|purchased|a|residential property during the year for £216,742.|
|The trustees have considered the|historic valuation|but felt that they cannot justify cost of obtaining|an|
|updated|valuation|as|little|or|no|benefit would|be derived|from|this.|
|9.|CREDITORS: AMOUNTS|FALLING|DUE WITHIN ONE YEAR|
|2021|2020|
|Trade|x|£|
|creditors|1,800|1,680|
|10.|ANALYSIS|OF NET ASSETS BETWEEN|FUNDS|
|Unrestricted|2021|2020|
|fund|Endowment|Total|Total|
|=|fund|funds|funds|
|£|£|£|
|Investments|297,959|828,189|1,126,148|868,933|
|Current assets|78,765|-|78,765|39,538|
|Current|liabilities|(1,800)|-|(1,800)|(1,680)|
|374,924|828,189|1,203,113|906,791|
|11.|MOVEMENT|IN|FUNDS|
|Net|
|At|movement|At|
|1.1.21|in|funds|31.12.21|
|Unrestricted|funds|£|£|£|
|General fund|108,946|265,978|374,924|
|Endowment|funds|
|Endowment|197,845|30,344|828,189|
|TOTAL FUNDS|906,791|296,322|1,203,113|
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continued...
SPONDON RELIEF IN NEED CHARITY
FORNOTES TO THE FINANCIAL STATEMENTS- continued THE YEAR ENDED 31 DECEMBER 2021
## et
## 11. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|Unrestricted|funds|£|3|£|£|
|General|fund|30,398|(23,592)|259,172|265,978|
|Endowment|funds|
|Endowment|-|-|30,344|30,344|
|TOTAL|FUNDS|30,398|(23,592)|289,516|296,322|
|Comparatives|for movement|in|funds|
|Net|
|At|1.1.20|movementin|funds|31.12.20At|
|Unrestricted|funds|E|£|£|
|General fund|98,619|10,327|108,946|
|Endowment|funds|
|Endowment|765,576|32,269|797,845|
|TOTAL FUNDS|864,195|42,596|906,791|
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Comparative net movement in funds, included in the above are as follows:
.
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|Unrestricted|funds|£|£|£|a|
|General fund|30,714|(24,679)|4,292|10,327|
|Endowment|funds|
|Endowment|-|-|32,269|32,269|
|TOTAL FUNDS|30,714|(24,679)|36,561|42,596|
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SPONDON RELIEF IN NEED CHARITY FORNOTES TO THE FINANCIAL STATEMENTS- continued THE YEAR ENDED 31 DECEMBER 2021
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## 11. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|At|movement|At|
|1.1.20|in|funds|31.12.21|
|Unrestricted|funds|£|=|£|
|General|fund|98,619|276,305|374,924|
|Endowment|funds|
|Endowment|765,576|62,613|828,189|
|TOTAL FUNDS|864,195|338,918|1,203,113|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|Unrestricted|funds|E|E|=|z|
|General fund|61,112|(48,271)|263,464|276,305|
|Endowment|funds|
|Endowment|-|-|62,613|62,613|
|TOTAL FUNDS|61,112|(48,271)|326,077|338,918|
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## 12. CONTINGENT LIABILITIES
Certainplace in restraintsthe future.operate if any sales of the remaining land at 'Borrowfield’ , Nottingham Road, take
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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SPONDON RELIEF IN NEED CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
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_
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|||||
|---|---|---|---|
|a|
|2021|2020|
|=|£|
|INCOME AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|100|98|
|Investment|income|
|Rents|received|10,592|10,819|
|Income from|investments|18,519|18,469|
|Deposit account|interest|16|30|
|29,127|29,318|
|Other|income|
|Contribution from|tenants|116|64|
|Government JRS grants|1,054|1,234|
|1,171|1,298|
|Total incoming|resources|30,398|30,714|
|EXPENDITURE|
|Investment|management|costs|
|Property repairs|3,614|2,013|
|Insurance|401|152|
|Water and gas|100|54|
|4,115|2,219|
|Charitable|activities|
|Relief given|13,298|16,444|
|Support|costs|
|Information|technology|
|Telephone|501|526|
|Website maintenance|128|122|
|629|648|
|Governance|costs|
|Accountancy and|legal fees|900|840|
|Secretary's|salary|3,750|3,688|
|Independent examiner's|fee|900|840|
|5,550|5,368|
|Total|resources expended|23,592|24,679|
|Net income before gains and|losses|6,806|6,035|
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This page does not form part of the Statutory financial statements rrae nn a Page 15
SPONDON RELIEF IN NEED CHARITY
## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
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|||||
|---|---|---|---|
|CEre|
|2021|2020|
|Realised|£|£|
|recognised|gains|and|losses|
|Unrealised|gains/losses|fixed|asset|
|investments|77,471|36,561|
|Realised|gains/(losses)|on|investment|
|property|212,045|-|
|Net income|296,322|42,596|
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This page does not form part of the statutory financial statements
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