Streynsham’s Trust, Canterbury, Kent.
Registered Charity 214436
Clerk to the Trustees:
Tel: 0345 0944 769
PO Box 970 Canterbury Kent CT1 9DJ
CHAIRMAN’S REPORT 2023
(Registered Number 214436)
This report relates to the year 2023
Streynsham’s Trust uses its income, generated from rents and investments’ dividends, to award its grants. Awards are restricted to those who normally reside in the Ecclesiastical Parish of St Dunstan’s and Holy Cross, Canterbury, Kent or to organisations that can demonstrate they specifically help said residents.
Streynsham’s Trust’s aims are:
1) To promote the education of young persons under the age of 21 who are resident in or attending schools or other educational establishments in the Ecclesiastical Parish of St Dunstan’s with Holy Cross, Canterbury and who are in need of financial assistance. Particularly, but not exclusively, this may mean awarding maintenance allowances or by providing financial assistance for books, clothing, tools or for travel etc.
2) To provide ‘relief in need’ either generally or individually to those resident in the Ecclesiastical Parish of St Dunstan’s with Holy Cross, Canterbury, who are in conditions of need, hardship and distress, by making grants of money or providing or paying for items services or facilities calculated to reduce the need, hardship and distress of these persons.
Streynsham’s Trust has had another successful year. Revenue for the Trust continues to come principally from rents from properties £58,732 and interest from investments £28,710 The Trust’s balance sheet shows an increase on last year. Our unit holdings were valued at £789,248 from £751,775 in 2022 and our housing stock, which consists of 5 cottages and a semi-detached dwelling, is valued at £1,633,424 from £1,626,916. Streynsham’s Trust’s policy is that it spends its entire income on its objectives, saving only money as necessary to ensure adequate cash-flow and to allow for expenditure to protect its investments, which produce its income i.e. the housing stock.
In carrying out its activities, the trustees have given due regard to the Charity Commission’s guidance on public benefit.
The Trust made a variety of donations amounting to a total of £46,878 from £51,982 in 2022. Grants in general included assistance to students with higher/ further education fees and support to a number of school children to enable them to take part in educational activities which otherwise, on account of cost, they could not have taken part in; the Trust assisted many elderly people to obtain Lifeline telephone support and the Trust also assisted a number of people residing in the Parish who, for a variety of reasons, needed support to purchase essential goods or services. Grants were also made to a number of organisations such as Canterbury Food Bank, Age UK, East Kent Rape Crisis Centre, Porchlight, Canterbury Shopmobility, L’Arche and Pilgrims Hospices.
The Trust has one sub-committee: Finance and Housing. This committee reports to the trustees. This allows some of the more detailed work to be conducted at these committees and expertise residing within the Board to be used more effectively.
2023 has been a successful year and we hope that 2024 will prove to be even more successful as we strive to make more and more people aware of the work of the Trust.
Mr David Bentley
‘Streynsham’s Trust’ is a working name of the registered charity ‘Streynsham’s Charity’ [Reg.No.214436]
Streynsham’s Trust, Canterbury, Kent.
Registered Charity 214436
Clerk to the Trustees:
Tel: 0345 0944 769
PO Box 970 Canterbury Kent CT1 9DJ
Chairman October 2024
‘Streynsham’s Trust’ is a working name of the registered charity ‘Streynsham’s Charity’ [Reg.No.214436]
Streynsham's Trust : Registered Charity No 214436 General Statement of Accounts: Year Ended 31 December 2023
| PAYMENTS | 2021 | 2022 | 2023 | RECEIPTS | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| GRANTS | BANK ACCOUNTS/CASH (as at 1 January) | |||||||
| Regular Individual Grants | 4,590.00 | 4,440.00 | 4,700.00 | Lloyds Bank Current Account (A/c no: 0929594) | 57,815.87 | 44,209.98 | 51,750.85 | |
| Education Grants - Indivdual | 5,100.00 | 1,600.00 | 1,000.00 | |||||
| Lifeline Grants | 12,655.95 | 14,168.66 | 14,234.81 | Lloyds Bank Reserve Account (A/c no: 3073208) | 5.00 | 10.00 | 10.00 | |
| Individual One-off Grants | 4,905.85 | 7,354.08 | 6,093.66 | |||||
| Schools Educational Support Scheme Grants | 0.00 | 6,000.00 | 6,000.00 | Cash in Hand | ||||
| Organisations-Regular Grants | 9,200.00 | 9,600.00 | 12,700.00 | |||||
| Organisations - One-off Grants | 11,515.00 | 8,818.90 | 2,150.00 | INCOME | ||||
| Properties | ||||||||
| All London Rd properties & 40 Cherry Drive | ||||||||
| EXPENSES OF MANAGEMENT | Total Rental Income | 56,257.75 | 57,049.07 | 58,732.40 | ||||
| Administrative Expenses | Investments | |||||||
| Clerk Costs | 11,933.40 | 12,380.90 | 13,212.27 | Dividends (COIF & Charifund Investments) | 25,101.28 | 28,165.89 | 28,709.62 | |
| Professional Fees | 330.00 | 370.00 | 1,047.00 | Bank Accounts | ||||
| Printing/Stationery/Telephone/Postage | 292.98 | 448.46 | 445.85 | Interest | 0.00 | 0.00 | 0.10 | |
| Office Equipment | 247.04 | 66.44 | 1,187.86 | Donations/Misc Income | ||||
| Misc Admin | 360.00 | 898.00 | 735.00 | Donation | 0.00 | 0.00 | 0.00 | |
| Housing Expenditure | Other | |||||||
| Housing Management - Commission/Fees | 4,874.86 | 5,051.69 | 6,164.41 | |||||
| Repairs | 7,347.98 | 1,782.35 | 2,496.82 | |||||
| Other Housing Expenses | 0.00 | 4,206.00 | 15,743.05 | |||||
| Insurance | 966.86 | 1,083.61 | 1,116.91 | |||||
| Central Heating Maintenance / Certification | 640.00 | 405.00 | 4,247.15 | |||||
| Other Expenditure | ||||||||
| Other Miscellaneous Expenditure | 0.00 | 0.00 | 420.00 | OTHER | ||||
| Uncashed 2021 grant cheque £1000 cancelled & not replaced | 1,000.00 | |||||||
| OTHER | ||||||||
| Purchase M&G Charifund units | 20,000.00 | |||||||
| BANK ACCOUNTS/CASH (as at 31 December) | ||||||||
| Lloyds Bk Current Ac (bal. Incl. uncashed chqs/23 commitments) | 44,209.98 | 51,750.85 | 45,498.18 | |||||
| Lloyds Bank Reserve Account (A/c no: 3073208) | 10.00 | 10.00 | 10.00 | |||||
| 139,179.90 | 130,434.94 | 139,202.97 | 139,179.90 | 130,434.94 | 139,202.97 | |||
| We have examined, without carrying out an audit, the General Statement of Accounts from the records of Streynsham's Trust (Registered Charity 214436) and the information supplied. | ||||||||
| Accountant……………………………..….…………….……[ J C Neame] Date…….….………………….. Clerk to the Trustees…………..……....…………....…….…….….…[J L Killeen] |
CHARITY COMMISSION FOR ENGLAND tho WALES Independent examlnerfs report on the accounts Section A Independent Examiner's Report Streynsham's TNst 31 Decern 2023 Charlty no (If any) 214436 8•t out on pag 1 (ONE) I report to the trustees my examlnthn acc(xmts above charty (tr Tr) for ts yoar eNled 31 t)eceM 2023. A• the chartys trustees. you are re8ponsible for the of the accounts In accNdan(x the requiremts d Ihe Chanti88 Act 2011 R•spOn•lbllltl and ba•ls of r•port I report In r88pect d my examination of tho TruJf8 acco cwrknd under sedion 145 of the 2011 Act and in carying my examlnation, I have followed all the applicable Directions given by tho Charity cnmI881 under tion 145(5){b) of the Ad. •xamln•e• •tat•m•nt come to my attentlon in Cne10n with the examlnati(xi whith gfve8 mo Gause to lIeve that in. any material rn•peit the accounting records wern not ke0 in ac¢xrdm with Section 130 of the Chariti88 Act; or (Accounts armd Reports) Regulations 2008 othor than any requirwnont that the accounts give a and fairf viow whith h ncrt a matt con8idorod 88 part af an IndepeOnt examinion. with the examlnation to which attention sh(xJld be drawn in this report in order to onJle a under8tsndir¥J of the accounts to be rnadd. 81gn•d: 14 Septwntsr 2024 Mr8 Jarn Neame In8tlltho of Charternd A(%wntants In ErylaThJ Wal88 quaimc•tW•) or body (ff ary): Addr The Eklern 52 Sh8rfJ•s L6 lIsblO Kent CT5 1 NX