2024-12-31-accounts

REGISTERED CHARrrY NUMBER: 211317 SPONDON RELIEF IN NEED CHARrr TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

SPONDON RELIEF IN NEED CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2024 Page Trustees. Report 1 to 5 Independent Examiner's Report ststement ot Flnanclal ActivltSes Balance Sheet Notos to the Flnancial Statemonts 9 to 15 Detailed Statement of Financial A¢tivitles 16 to 17

SPONDON RELIEF IN NEED CHARI TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial slalements of Ihe charity for the year ended 31 December 2024. The trustees have adopted the promsions of Accounting and Repo￿ng by Charities.. Slalement of Recommended Practi applicable to charities preparing their accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and activities for the publlc beneflt The Charity's purw)se 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 fomi of grants. The trustees confim) that they have referred to the guidance contsined in the Charity Commission's guidance on public benefit when reviewng the Charitys aims and objectives. The boundary of the AncAent Township of Spondon. whilst mainfy a suburt) of Derby City, extends in part to Chaddesden, 8orrowash and the Parish of Dale. {Confirmed wa an Ordinance suryey map 8t a 1926 Parish Council eetingl. ACHIEVEMENT AND PERFORMANCE Projects and dgvalopmont Grants fall into a few general categories and follow a similar pattem from year lo year particularty those shown within sub-headings al and bl below. b} No student grants were made in 2024 or 2023. These are primarily for university students. but can include 6th fomi college pupils. The financial help given is towards books, other equipment and travel. Publicty of our charity and its aims Advertising is placed locally. The Iruslees are happy we are reaching enough people for our resources. A website is now available at www.spondonreliefinneedtharity.org which is now a significant source of information enabling people to make enquirieslapplicalions. Ggneral The trustees are continuing to be involved on 8 person81 basis with the aims of the charty. E•mail addres5 [e-mail] The clerk has received numerous phone calls, thank you Girds and letters a¢kno￿edging r￿ipts of grants. Examples are tabled al each meeb'ng by the clerff, and the kind remarks contsined are very mLth appreciated by trustees. Page 1

SPONDON RELIEF IN NEED CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 AcHI￿￿￿ENT AND PERFORMANCE Grants These are nomally awarded lo indiwduals only. Payments may be made to organisalions providing they can demonstrate that the grants wll benefit Ihose 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 }￿lCh would nomially be wvered by the Stale, nor is any relief given for irKlividuals indebleclnes5. Repeal grants are only considered al trustees, discretion. and only then rf fu￿1$ remain available after all other successfijl applications have been servI￿d. A comprehensive list of grants awarded is shown below. School trips11 } GuideslScouts11) Fumiturelbedding111 While goods1101 Others17} Carpets {51 Community131 Food bank1221 There were grants over £1,000 in 2024 Friends of the Ga￿sY Friends of Gateway Skegness Children's home Carpels £3,000 £2.153 £4,540 £1,360 FINANCIAL REVIEW Investmerrt policy The trustees. investment powers are limited, by the Charity Commission Scheme, to investments held in the name of the Official Custodian for Charities. Ras8rves policy 11 is the policy of the trustees lo maintain unreslricled funds. which are the free reserves of the charity to a level, which wll equate to al least six months unreslri¢ted exp&nditure. This is designed lo provide sufficient funds lo cover administration costs to enable a response to applications for grants th81 might arise. Historically the demand foT eligible grants has been al a level such that reserves currently maintained are at a figure well in excess ol this policy. Page 2

SPONDON RELIEF IN NEED CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Charity Commission Scheme was drawn up in November 1973 to combine the following ancient chaiities.. William Gilbert 1662 John Locko 1663 Elizabeth Cowper 1728 Griffith Dakin 1773 Rev'd Francis Gisborne 1817 Ipart only) Samuel Alcock 1929 Organisatlon al Trustees meet in February, May, September and November each year. At the February meeting 8 budget for the year is discussed. Allocations were made lo cater foi grants required for major projects such as domestic equipment., Christmas goodwill.. School unifomis., and Higher education. Any shortfall in funds to be made up from our Unrestricted Funds Ilncome Shares). bl All requests musl 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 fomis are available from Ihe clerk. cl Acknowledgements and receipts are sought to ensure that grants are used for the purposes for which they are awarded. Page 3

SPONDON RELIEF IN NEED CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Trustees Ex-Offi¢io Canon J Hollywell {Vicar of St Werburgh's Church Spondon) Nominative Mrs S Bown (Dale Abbey PC) Mrs J Morley Icily of Derby) appointed 61612024 Mr P Berry (City of Derby) - resigned 1112125 Mrs R Bartleti (City of Derby) - appointed 1112125 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 - resigned 712124 Mrs P Jennings Mr D Jennings Mr A Martin Mr M Stevens- resigned 1112125 Mrs K Leatherbarrow Mrs J Taylor Co￿pIatIve trustees are appointed by sitting trustees, and are selected according to their knowledge of the area of benefit, the locality and its inhabitsnls. They serve for a period of 5 years. Clerk Mrs C Holden (Secretary and treasurer) The clerk has a full job description of her duties as approved by the trustees. The term of the appointment is at the discretion of the Iruslees. Business address 13 Chapel Street Spondon Derby DE217JP [e-mail] Office 13 Chapel Street Spondon Derby DE217JP Tel.. [phone] Bankers National Weslminsler Bank PLC 836 Osmaslon Road Allenton Derby DE24 9zr Page 4

SPONDON RELIEF IN NEED CHARI TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Solicitors Elliott Mather LLP Solicitors 44 Friar Gate Derby DE11DA Independent Examiner G S Gilbert FCA 16 Jubilee Parkway Jubilee Business Park Derby DE2148J FINANCIAL POSITION A summary of the financial position for the year is shown below.. Income Investments, rents, bank interest and miscellaneous 40,721 Expenses Maintenance and administration 13,853 Grant rellef 24,522 38,375 Net In¢oming resources 2.346 Approved by order of the board of trustees on .................. ...... zc and signed on its behalf by.. D Jennings - Trustee Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPONDON RELIEF IN NEED CHARITY Independent exarnlner's report to the Irustees of Spondon Rellef In Need Charfty I reFX)rt to the ¢harity trustees on my examination of the a¢¢ounls of Spondon Relief in Need Charity (the Trust) for the year ended 31 December 2024. Responslblllties 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 2011 I'lhe ACVI. I report in respect of my examination of the Trust'5 accounts carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examinerfs statement I have eompleled my examination. I confimi that no material matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act.. or the accounts do not accord with those record5', or the aecounls do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come aeross no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. G S Gilbert FCA CAMERON HUGHES LTD Chartered Accoun18nts Derby Date.. Page 8

SPONDON RELIEF IN NEED CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted fijnd Endownenl fvjnd Notes INCOME ANO ENDOWMENTS FROM Investment income 40,721 40,721 39,138 EXPENDITURE ON Raisiro funds 7,633 7.633 7,617 Charltable actlvltles Relief given 24.522 24.522 19,425 Other 6,220 6.220 6.265 Totsl 38,375 38,375 33.307 Nel gains on investments 1.773 14,152 15,925 56,882 NET INCOME 4,119 14,152 18.271 62,713 RECONCILIATION OF FUNDS Total funds brought forward 382,743 804,394 1.187.137 1.124.424 TOTAL FUNDS CARRIED FORWARD 386,862 818,546 1,205,408 1,187,137 The notes forni part of thv3e financial statements Page 7

SPONDON RELIEF IN NEED CHARITY BALANCE SHEET 31 DECEMBER 2024 2024 2023 Notes FIXED ASSErs Investments 1,115.542 1.099.617 CURRETrTh ASSETS Cash 81 bank and in hand 92,086 89,620 CREDITORS Amounts falling due within one year 12,220} 12,1001 NET CURRENT ASSETS 89,866 87,520 TOTAL ASSEfs LESS CURRENT LIABILITIES 1.205.408 1,187.137 NET ASSETS 1,205,408 1,187,137 FUNDS Unrestricted fijnds Endowment funds 386,862 818,546 382,743 804,394 TOTAL FUNDS 1.205,408 1,187,137 The fin8n¢i81 statements were approved by the Board of Trustees and aulhorised for issue on D Jennings- rustee The notes fomi part of these finanaal statements Page 8

SPONDON RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUPMNG POLICIES Basis of preparfng the financial statèments The financial stslemenls ol the charity, which is a public benefit entity under FRS 102, have been prepared in accordance wlh the Charitie5 SORP IFRS 1021 'Ac¢ounling 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 2019),, Financial Reporting Stsndard 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 induded at market value. as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Finanryal Activities once the charity has entsllemenl lo the funds, It is probable that the income will be received and the amount can be measured reliably. Expenditur¢ Liabilities are recognised a5 expenditure as soon as 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 obligab.on can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo 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 resou￿5. Taxation The charity is exempl from lax on its charitable activ￿es. Fund accounting Unrestricted funds can be used in accordance with Ihe charitable objectwes 81 the dis(xetion of the trustees. Restricted funds can only be used for particular restricted purposes wlhin the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Furlher explanation of the nature and purpose of each fund is included in the notes to the financk?I statements. INVESTMENT INCOME 2024 2023 Rents received Income from invesknents Deposit account interest 20.376 18,984 1,361 19,516 18,583 1.039 40,721 39,138 Page 9 continued...

SPONDON RELIEF IN NEED CHARI NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 RAISING FUNDS Investm•nt managemgnt Costs 2024 2023 Propety repairs Insvr8nce 4,137 1.360 3,598 2,220 5.497 5.818 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustoes. expenses There were no bustees. expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. STAFF COSTS The average monthly number of employees during Ihe year was as follows.. 2024 2023 Secretary & treasurer No employees weived emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund EndowTnent fund Total fijnds INCOME AND ENDOWMENTS FROM Investment income 39.138 39,138 EXPENDITURE ON Raising funds 7,617 7,617 Charitsble aGtlvltlgs Relief given 19,425 19,425 Other 6,265 6,265 Total 33,307 33,307 Nel gains on investments 6.706 50,176 56,882 Page 10 c0ntinl￿...

SPONDON RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES- continued Unreslricled fund Endowment fund Total fund5 NET INCOME 12.537 50.176 62.713 RECONCILIATION OF FUNDS Total funds brought fonKard 370,206 754,218 1,124,424 TOTAL FUNDS CARRIED FORWARD 382,743 804,394 1,187.137 PROPERTY REPAIRS 2024 2023 Moor End Allotments Hobson Drive 190 3.714 3,396 202 3,904 3,598 FIXED ASSET INVESTMENTS 2024 2023 Shares Land and buildings 701,800 413.742 685,875 413,742 1,115.542 1,099,617 Addtbonal infomiation as follows.. Listed investments MARKET VALUE Al 1 January 2024 Revaluath)ns 685,875 15,925 At 31 December 2024 701,800 BOOK VALUE At 31 December 2024 701.800 At 31 December 2023 685.875 P89e11 eonlinued...

SPONDON RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS - continugd FOR THE YEAR ENDED 31 DECEM8ER 2024 FIXED ASSET INVESTMENTS- continued There were no investment assets outside the UK. Cost or valuation al 31 Decernber 2024 is represented by: Listed investmenls Valuation in 2024 701,800 Investments (neither listed rKJr unlisledl were as follows- 2024 2023 Land and buiklings 413.742 413,742 The land and buildings were valLJed at the Open Market Value by Messrs Eaton & Ho11is in November 2005. 2021 the charity purchased a residential property for £216,742. The trustees have considered the historic valuation bul felt that they cannot justty the cost of obtaining an updated valuation as little or no benefit would be derived from this. In CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors 2,220 2,100 10. ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2024 Totsl funds 2023 Total funds Unrestricted fund Endowment fvnd Investments Current assets Current liabilities 296,996 92,086 12.2201 818,546 1.115,542 92,086 {2,2201 1,099,617 89,620 12,100) 386,862 818,546 1,205,408 1,187,137 Page 12 continued...

SPONDON RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 11. MOVEMENT IN FUNDS Nel movement in funds At 31.12.24 At1.1.24 Unrgstrlcted funds General fund 382,743 4,119 386,862 Endowment funds Endowrnent 804,394 14,152 818,546 TOTAL FUNDS 1,187,137 18,271 1,205,408 Nel movement in funds, included in the above are as follows= Incoming resources Resources expended Gains an losses Movement in funds Unr•strlcted funds General fund 40,721 138.3751 1.773 4,119 Endowmont funds Endow7nent 14,152 14,152 TOTAL FUNDS 40,721 138,3751 15,925 18,271 Comparativas for movement in funds Nel movement in funds Al 31.12.23 At 1.1.23 Unrestricted funds General ftjnd 370,206 12.537 382,743 Endowment funds Endowment 754,218 50,176 804,394 TOTAL FUNDS 1.124,424 62,713 1,187,137 Page 13 continued...

SPONDON RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 DECEMBER 2024 11. MOVEMENT IN FUNDS- contlnued Comparative net movement in furids, induded in the abjve are as follows.. Incoming resources Resources expended Gains and 1055es Movement in funds Unrestricted funds General fLJnd 39,138 133,307} 6.706 12.537 Endowmant fuNIs Endowment 50,176 .176 TOTAL FUNDS 39,138 133,307} 56,882 62,713 A current year 12 months and prior year 12 months combined position is as follows: Nel movement in funds At 31.12.24 A11.1.23 Unrestricted funds General fijnd 370.206 16,656 386,862 Endowment funds Endowment 754,218 64,328 818,546 TOTAL FUNDS 1.124.424 80,984 1.205,408 A current year 12 months and prior year 12 months combined nel movement in funds. induded in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General ftjnd 79,859 171,6821 8,479 16,656 Endowment funds Endowment 64,328 64,328 TOTAL FUNDS 79,859 171,6821 72,807 80,984 Page 14 ntsnued...

SPONDON RELIEF IN NEED CHARrrY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 12. CONTINGENT LIABILITIES Certain restraints operate if any sales of the remaining land al 'BoTrowfidd' Nottingham Road. lake place in the future. 13. RELATED PARTY DISCLOSURES There were r¥) related paty transactions for the year ended 31 December 2024. Page 15

SPONDON RELIEF IN NEED CHARITY DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Investment income Rents received Income from investments Deposit account interest 20,376 18.984 1.361 19.516 18,583 1,039 40.721 39,1&8 Total incoming rgsourco$ 40,721 39,138 EXPENDITURE Ralsing donations and legacigs Management fees 2,136 1,799 Investrrtent management costs Propety repairs Insurance 4,137 1,360 3.598 2.220 5,497 5,818 Charitable activities Relief given 24,522 18,977 Support costs Infom)atlon tochnology Telephone and postage Website maintenance 190 448 1,043 Other Sundries 264 Govarnance Costs Meeting and general Costs Accountancy and legal fees Secretsry's salary Independent examinerfs fee 200 1.120 3,350 1,000 1,110 3,150 1,110 5,370 5,670 Total resources expended 38,375 33,307 Net income before gains and losses 2,346 5,831 This page does not form part of the slalutory financial statements Page 16

SPONDON RELIEF IN NEED CHARITY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Rè#li$ed ￿cOgnised gains and losses Unrealised gainsllosses fixed asset investments 15,925 s6,8￿2 Net income 18.271 62,713 This page does not fomi part of the stslutory ffinanaal statements Page 17