CHARITY NUMBER 221927 SHERFFS. & RECORDER% FUMO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 JCA Accountants Island Vl 9b Hurst Road Mlford on Sea Hampshire S041 OPY 3HERIFF¥ & RECORDER'S FUND copirENTS PAGE CONTENTS PAGE General info Annual Report the Truste08 Ind9￿dent E Rwt to the TN8t•os Statthrynt offin 01 actlv1ti86 Balance sheet Note8 10 tho iln 8-16 SHERFFW & RECORDER% FUND GENERAL WFORMATION R•gl•t•v•d Ch•rtty Chartty numb•r 221927 Tru•te•8 D BKldle J Harman FCA A Couett P Halson Pr••ld•Thts Aklernw) & ShwlTr. Nkhd88 L Vl¢• Pmld•nt Advl•ory Coun¢ll D Bdl (of R811**Ths) J Bk)ss&Lynth (of Rath￿n63) Lady Russel HIS H￿. Judge P R(K G Hur81field R Bark ILDay knd•p•nd•nl Ex•ml JCA Ar£￿n￿ta I81￿d Ir 9b Hurst Road MIWord w Se8 Hampshh S041 OPY InvMtm•nt adv Rathts￿￿ Investrnent Umlted 1 Stre4t London W1J 5FB SHERIFFS. & RECORDER'S FUND ANNUAL REPORT THE TRUSTEES Tho Tr￿188$ Wes8 31 Man* 2022. rewt and the finanqal statwrthts ofthe Ch*ity forthe year endod REFERENCE AND Reference and admi the finanaal stateme DMINISTRATIVE DETAILS Istratfve detai16 arg shchvn In Ihe 8th9(klo of 0￿0raI on page 1 ( THE TRUSTEE8 The TrusteeB who s the Charity during the (m pag8 1. 8TrUCTURE, GO RNANCE AND MANAGEMENr Gov•mlng docum• Th8 ￿arity is c constltut88 an Vr￿n ed by tts governing a d•ed of Iw5t datod 17 February 1981. and rat8d Chty. The rul88 of tho C Ii*re Wated (m 16 Juty 2012. Rknk m•Mg•m•nt The Trustoes have a onsure approprL uty lo identlfy and revlthw the rfsks to Ihè Chanty is 8xp069d and to 5 are In placa to ryov6de r•ascmat48 ag8ln#t fr&l￿ and wror. Tho Trustw have I annual re the e8t8blish #Fpfov81 of 8 Blgnod by a tha impleme the Charity the Fund has kntemal con Iho Funds In Investment m ew of th8 rlsks whlth the Chaty may face ent of 8y8t¢rn8 and pr(wlures to m￿ate th0￿ rlsks In￿de the purchase invoice8 by a Tru8tee wior to pa￿ent. AU chequ88 over £500 ar8 Sti￿ of wo¢•dur•s d•8ignod kn mknSmlse any potentw Impact ofth& rfsk8 ( ould any of th068 m818rial8e n AdVI￿ry Cwrmal ￿th￿ch mo#ts four Ilme• a year arKI vthlch acts 88 the Funrf45 tments aro managod by the Tru61ws wi &)njunCtk￿ ￿rf1h a flmi of prvf8sslonal nagern, of wNch Ihe managw l# on th8 C(￿Th￿. nlng of Tru•t• and AthA8(ry C(KwJl ¥8 ol•rl8d at thg Annual G￿￿81 Meotlng eath ￿. bath of dlgltdyty. pw1(￿81 C￿petenC• Ond gp8d8118t skllh. VIr￿S hartty we lo provkje suppyt to on probdon and to the fam11￿ of GrBater Metropdttan Arna crf London. Th5 Sndud88 educayonol skllb ond on Ihelr r81888e. The Charity 18 d80 C4>ne8med the rehab￿ltsti0n of drug I are made through the W(thIk￿ 68r¥*e or thrtyjgh 8odal wort(er8. R•crultm•nt •nd T The Charfvs Truste They are ￿18{￿•￿ on OBJECTIVE8 AND Th8 cèlectfves of tt)e 68rvlng prfsoners In t tralnlng for exyl8one and alcohol abuser8. Publlc Bonefft The otyects of the Ch Gre8ter Metropoltsn 8etUlng back Into sod rty arB to the pn)Sp￿ts (f4xx￿nIl1O& of ox.prf￿ers vAthln the of London. Th15 Is 8th1gvod by maldng grants to a￿$t Into The Ch8rlty has com guld8nce publlshed led IAth sectlon 145lbl of the Cl￿￿1108 A(* 2011 to have due regard to the Ch8rlll6s CornrnLssion. Grant m•klng poll¢y The Chafity helps to household equipment thelr thHdrBn to enjoy uce re-offendlng by maklw wants fi* traIn￿. tools al trade. dotr4ng and o ex*riscmrn. It also to famllF88 018er¥kng wlmarfky to all( idayy and other reLYeational athitseg. 5HERIFFW & RECORDER'S FUND ANNUAL REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022 ACHIEVEMENTS A Summary ofthe fln D PERFORMANCE nctal resuts and th of the Chartty Is Set c%rt bebw. lty nwde a told rf 998 grants <2021: 1,(ffj) amounllvJ to £199.611 {2021.' Jrlng the yogr the £187,159): 2022 2021 2021 Indivlduals Special Pr(4. 159.611 40,DIXI 1U611 1.061 163,089 24.070 187.159 2022 2021 HousehcAds & e Education & trai Clothlng ulpment ing 7￿950 11283 460 48.909 199.611 412 37 75,393 9,370 67.081 35.315 82 1.065 187.159 The numbw of grants of those gr8n18 W85 2 InLYe88ed from £1541 ma(ie to Indl¥lduah of 994 (2021: 1,0611 d￿reased by 6%. Mthltst lh• totsl valu• lower than the previou8 >w. the av8ro98 want to IndlvklualB 2021 to £161 in 2022. Don•t•d S•r¥lc The Clty of London phot¢Kopier free of ch been In¢￿ded In the rpcntiM ryovldos tho u80 ol olllce acCon￿odatI0n, IlghL hwl 8nd u80 ofthe rge. The vakie of thes8 SW#lc8818 dIffi(￿lI to quanbty and thwefcY8 have not temwrt of Finanaal ktSvllkn. Plans for Futur• P• Th? Tru8toes alm to chadtsblo atxfvlkn. d• alnlakn pc4lde8 whlch Ihe Ch&ty to appty ￿ dmate(I In￿me to R•urv•• Pollcy The TN$toos alm lo ofthe Charlvs knves Its njnnkno ¢08ts WKI Intaln fr9• r8sepMs kn unrestrkted fund8 in Lydar to focilllate thg mah)t8n8nc ent portfolos at a lèvel thet v*1 en8bbB It to genornto Income wfflclont to cov¢r FINANCIAL REVIEW The Ch*ity has a pe ar• unrestri¢t•d for u3 obledva ol the Chari r8serve8 cfjvèr¥ the dlreclly lo baneficlarle £58,72412021'. £47,3 Indudlng Inveslment anont endowrnent d £8.470 and restricted fund$ of£12.599. AN othor re8ervo8 1 8Ctordance the th8rilablg oblecfv of the Charity. Howevor, il Is the to maintsln suffident resen￿$ that the Investment income from thes ts of admini8twing the Charity. $0 that ￿ants and dOn8￿C￿5 Can b8 applled the Charlty. In the w to 31 Marth 2022. Investrment Income amounted to ) and costs of admlnlsterlng the Fund amounted to £50.128 (2021.. £50,244) 8n8gemont fees of £8,304 (2￿21.. £7,525). SHERIFFW & RECORDER% FIJND ANNUAL REPORT OF THE TRUSTEES EAR ENDED 31 MARCH 2022 STATEMENT OF Tha Trustaes we Stoloments In a SkndfAd$ (Un￿1 U8TEEW RE8PON8IBILITES F*MtJble for kywwlng the Arwal ReFl￿ oftho Truste06 and th8 flnondal nce wllh w9p1￿18 law and reguknns UnlteAI Kkngdom Tho applcable 6tat0ments fty each and of the inc4Jming these IlnaThJal financ4al yw which gha a true and falrNi8w ofthe stste of affalr5 ofth8 Charty re8our¢es and applI￿10Th dro¥oUr￿8 oftha Cjwity that y•w. kn weparing iKlploB in thg Charltlos SORP. mthe ILhlgem epare thé fin that the Cha 0￿r8¢Y at ary ltalements C￿nplY and the [￿41￿0￿8 Chadty arKI Irr8gularttléB. the flnandal pO81ti￿ ol the Charity and enable thgm lo en8ure that the financial h tho CharfleB Act 2011, tha Chwity IAccoJrts and Rap¢Jrt8) Regulatk)n# 2008 thé Trust Degd. arg akn resrth8*4e fr* satsguardkng Ihe a688ts of the t&kkng r•asonabl8 • fLr I￿ detecllon offrwj and other INDEPENDENT JCA knAJuntanls. at the AGM to b8 INER at a Ilate yet to be ￿n(￿rKed. gned on beh811 of Lady Brewer OBE Chalmwn Date: ￿ Jung 2022 Independent Examinles Report On Report to the trustees ol The Sheriif'& Rec￿d￿$ Fund Charity Number. 221927 On accounts for the y￿r end 31 Marth 2022 Sot out on pag88 6t016 R•wcllvo r••pon•lblllth• of tru•t••• •nd ox•mln•r The ChaW$ T￿St￿ aro f88PLThth forthe preparntlon of the acuunts. The Ch8dWs Tnth con81der thal an audri ncrt requlred forthls yaar {under S￿on 144(2) ofthe Charitles Ad 2011 Ilhe 2011 Actl. as am8nd8d by 818 oftho Charitiès AGt 201￿) and that an Inde[￿dant exatymnotth tB n88d￿j. It ￿ my r88PM6Nny to oxamlne th6 accounts undar 8ecllon 14S of th8 2011 ACL to folow the procadures Idd down in the genernl DIrectic￿ giv￿ by the Ch817ty comm15siL￿ Lmder seclth 145151{b) of thè 2011 ACL and 8801• of Ind•p•ndent •umln*• •t•t•m•nt My •xamln8tlon wa8 (¥rrf&J In acc￿￿￿ Yhilh 9￿al lJreGtIDn8 ￿l•n by tho Charrty commis￿On. An 4￿mInatI￿ In￿d•& a rov6èw of th• actountlng reeoth k•pt by the charity ond a C£ry•rI8(￿ d the aec(wnts pre8ented with those re¢ord8. It 8180 kn¢￿des ¢(Th￿er￿￿on of any unusual items or dlsdgsur88 In tho acc(xmts and seeklng exF48n8tk>ns from the tW8t8ts concemlng any 8uth mattern. The proGodure8 undert8k8n do not Frtovldo al tho evidan¢e that woukj bg requirod in an audlt. and consequenty no opinim is gNen 88 to whether the acxounts preunt a Inje and falr avl arKJ the repryt Is Ilmlled to msttws Sot out kn the sts1￿ent b81ow. Ind•p•nd•nt wmln•f• In ¢4)M•cllon wlth my examknation. no mottar com• to my attontlon: •t•t•m•nt 1) gkn8 me r888cffi8bl8 ca￿e to thrt In any materlal re8ped, the requtrwnents.. to keep acC￿n￿￿ records In acrArdarth sedlon 130 ofthe 2011 Act: to prepare accounts vthlch acccrd wlth the acajuntlng records and cxxnply the acC￿Jn￿n9 requlrnments of tho 2011 Act have not boon met., (Y to in my O￿n10ft. attention Should be thawn kn order to ￿able tvoper uThlw8taThlkw ol the xcwn18 to be re4th￿. nd 2) Name Cnjuth Rel•vant wof•ulonal quallflcatlon or body n ol kwunllng Tethnlclarrè Hurnt R(wJ Ill￿d Sea empohlre 041 OPY SHERIFFS & RECORDER% FUND STATEMEpif OF FPIANCIAL ACTivmES YEAR ENDED 31 PIARCH 2022 Total Funds 2022 Unrestrlcted R••trlct¢d Endomnent Funds Funds Fund Funds 2021 INCOIIE Incc*ne frcrfn." D￿lat￿nS and le Other fund raising acttvl￿8S InLxxne frcxn In 1W.880 4032 58,724 190,810 34,032 58,724 154,809 ents 5 47,374 TOTAL INCOME 283,636 211.826 EXPENDITURE Expgnditurn on.. Ralslng funds CharTrtsbl8 advlUe8 Other (241.435) 1&304) P41,4351 (221.0291 18.304) (7.525) TOTAL EXPENDrr 1249,739} 1249,739) {228,554) NET INCOMINOI(oufG RESOURCES BEF GAINS ANO L088E INVESTMENTS (Los8eslProfft8 I assets No) 33.897 33,897 (16,728) 79,961 79,961 262,698 NET INCOMEIPEFI 113,808 113.858 245,970 RECONCILIATION Total funds txought f FUND8 1,710,846 11599 4470 1,731,915 1,485.945 TOTAL FUNDS CA FORWARD 1.824,704 11699 70 1,US,T13 1.731,915 Th• St•tement Flnwdal A¢U¥4tle• In(￿¢￿ al galns and kn88• In yoar ano thwefry• JI olthe abov• ￿ount9 rnl•to to C￿OnuIng oramtth. nats• on wge• • to 16 t(wm part of thand•l •tat•n* 3HERTrW a RECORDER'S FUND BALANCE 3HEEr 31 MARCH 2022 2022 Tangible a88éts Inve$trnents 12 13 1.107 1,696.202 1,697,309 1,778,582 1,779.410 CURRENT A88 Cash at b￿k and In 14 14627 4836 7W3 (4.600) 41,693 41.693 (4.587) CREDITORS: Amou ts faling dua wlthin crn y 15 NEf CURRENT AS Ers 64a63 37.106 TOTAL A88Efs LE S CURRENT UABIUTIES 1,848273 1,734.415 CREDrroRS: Am e yèar NET ASSETS ts dua aftw th 16 115QOI 1,14773 (2.500) 1,731,915 FUNDS Endowment Restrlcted Income fu Unmstrfcted h)Grrtne TOTAL FUNDS 17 V70 12,699 1,824,704 8,470 12,599 1,710,848 19 1.845,773 1,731.915 The89 ilnandal 8 2022 and are 8lgned ￿ th •nts aiyov•d by the Tru8to8s and aulhortsed for18su• on Ihe 30 Jung Ir betr￿1 by. Lody 8rmr 08E Chalrmon SHERIFFW & RECORDER% FIJND NOTES TO THE FWANCIAL STATEMEpirs YEAR ENDED 31 IAARCH 2022 AccouKfI4G POUCIES Basls ol a The fFnanGial s investments w accordano Practlce (SOR vith the Finan Issued on 16 J and Republic publL8hed on nllng. ￿&￿1￿ca￿tJ￿dgOmwts and a8seMmont of golng con¢ern tements have ts88n prepared under thè histrrtic41 cost convention, 8x¢ept for are Included 81 martet Value. The finanti81 statemerrts hfyve been prepared in the Charttles Act 2011 and In a(thrdance wlth the Statement of Recommend ).' ACC￿n11nll and Repryting by Charities weparing their 8cc(￿nts in acc¢vdance l ReFK)rbng Stsndard 8pplcable wi the UK and Rewblic of Ireland (FRS102) 2014 and the Financi81 Rep)rting Standard applicat4a in the Untted Khgdom Ireknd IFRS 102) as ameThJed by the adcytKm of UpJ8te 8ulldn 1 Fetxuary 2016 rnfieding amandm￿ts to FRS102. The Charity ¢0 titirte8 a wbk b￿Offt entity as by FRS 102. nsider that ther• 8r• no matefiol wKwtalnti8S ats￿rt the Chartty8 abllrty to The T￿leeS cr￿tinUe as a The Trustees SORP ￿llIno(l 1argee to prns tsken advantage of the opkn for early apphcalion of the 8mendm8nts lo th Update Bulletln 1 vthlth does not requlrè dwrlil8& not me8tlng th• dofinluon t a cash IkAY st•tsn￿l In ￿cL¥￿8nce *ryth amendmenls to FRS102. attounts. the Trust608 havo cOr￿dered Tknttior in ap￿￿n9 tho aco)untlng by FRS 102 orKI the Ch8fftes SORP 18$ arnendod by Updats Bullelln 1} paratlve It￿nS wa8 needed. No rn8tatwnw)ts were roqulred. In prgwlng th pdlcies requlre re8talement of Flx•d ••••ts All tanglbl8 fix 8SSet8 aro Initialty fOCLYded 8t co8L O•w•cJ*l•n Oepreci8ti0Tr is ovw the UB6fi I￿1¥ted 80 08 to thTlt8 off th• CC￿ of an a88rt1088 h8 estimatod n81d￿l valuo, nunlc Ile of th91 a8aet as fol(Mi." Equlpment- 25% PU￿ Equlpment- 20% Taxallon The Chartty18 0 Invè8lrnMts are value 8nd ar• 8 rjoslng quoted Icw6s arlsSng wt options, deri faced by the Ch 8conomlc condit. lotTn (rf bas￿ financial *)•1ru￿nt aThJ are Inltlalty recorded at th8ir tr8ngact bs¢qu•)tly measur•d al thek fak v&￿t at the balance sheet date uslng the arket ￿Ce. The Statement (rf Finan￿81 Actlbrybes lThSud88 the net gains and r9va￿a￿on$ and dl8f*)sab thwhout the year. Tho Charlty dogs not 8cqulre atives or olher comFlex Ih)8no81 instruments. Tho maln fomi of financi81 rfBk nty18 that ol vrAalllty kn ￿lIty markets and Investment morkets dutr to wlder S ond inveslmont ¢c*Keming wuillx In s•Ettys. Investsnents also Volu• add•d ts Value Added T8 In the Statement L8 not rgcover8ble ty the Charfty and 86 suth b Indud8d In reknnt costs Fln8ndd AC￿￿. SHERIFFV & REC(hRDER% FUND NOTES TO THE FINANCIAL STATEMEiirs YEAR ENDED 31 PIARCH 2022 Fund aEc¢w Un￿$1￿cted fu the Tntstees. Restrfctsd fttn Chanty. Res c•n rth)ty be used for restrKthI purpos￿ *ithin the objects of th8 lor* arise spe￿fi¢d by the donor ￿ when fuNJs ￿ raMI for particular The Enduw SPh8riffs' and R the capital In p the Chaty. l fvnd is a 8lngle p￿an0￿1 ￿dIr￿ ariaiThJ frrffi Iho amah3amth of tho erf5 Fund and Thè John and N81ty Norris Fund. The Trustees are lo Invest eluty. the In¢ome from T*thkh is ￿￿lY unrastdGknY for the genwal purpo8e8 of Futher explan finandol on cl Ihe and wryK)se of eath Fund is indud•d in Ihg notos to the Incom• IncTh15 8 inwn6 ￿ty11 bo are recognised •ettl8ment date. ¥n b8 me8SU 8fKI notffied by t tsd fty tho Ch*ity hgs antitlThnt to the ino)me, h Is wcthbl8 that ih8 ived and the amount of [ne￿ne r8c4lved ¢on b6 measured relabty. Donatlows en the CharTty has bew notih8(I In of both the amwnl and thè Interest on funds held ￿ derA)51t Is Included wffien recefvable and the amount r￿l•t￿ by Iho cha￿Y. Other wwestmenl In(m Is r8cowIBeAI wAh•n ￿￿1Ved 6 managw oflh8 Chantys Inveslment wrtfolio. In81an¢a& aftw a[￿Ing pollw (XM1kn￿ above, don8llons, glft ald. legacy ome arn rectsJnl8ed M a recafv8d i*. Event Incn Trial & Error su Sheffis Sllmdo Old 881￿Y Choi Bcrf)k Sale8 Hor88 Rldo in Chalewe 20,196 4,391 cty 5,252 13,186 Tolal of Net crf Income I ents ote 3) and eXp￿d￿re IMO note 4) 4032 9.643 INCOME FRO INVESTMENTS T•Xal Fund• Total Funds 2022 2021 DtvldwKls and I 5B,724 47.374 -10- 8HERIFFW & RECORDER'S FiIND NOTES TO THE FMNCIAL STATEMENTS YEAR ENDED 31 IIARCH 2022 EXPENDITU 2022 2021 Gr•ntB lo kKI Clothing Whhe goc#ts Fumishings Tr8lnlng TocAs lincludin Prior years a*ar are fvnds uw•d to tho Aldo Tnwt. UND8 17. ENDOWMEKr Bal•nc• at 1 Aprfl 2021 and at 31 Mwch 2022 P￿neD1 En ni Fund 8,470 Thern have bee rK> ￿vern￿ts on funds durfng Iho yow ￿ded 31 March 2022. lund 18 8 pomi#n0nl ondi)*Th(*rt arising from tho ￿￿lgaM811￿ ofth• Sh•rlffB' und and Tho John and Nelty Norrls Fund. COME FUND8 Tha •ndowment and Rec￿de¢S 1& Re8TRICTED I B•l•n¢• at 1 Apr2021 Outgolng B•lanG• at 31 M•r 2022 Ro8trlcted Fu 11599 12,599 19. UNRESTRICTE INCOME FUNDS 8olan¢• at 1 Apr 2021 Incomlng lxrtgolng B•lanc• •t r•wurc•J 31 M•r 2022 Gen•A Funds 1,710.846 (249,739) 1,824,704 -15- 8HERIFF% & RECORDER'S FIJND NOTE8 TO ThE FIIANC￿L STATEMENTS YEAR ENDED 31 PAARCH 2022 20. RELATED PA DISCLOSURES Thw8 were no ated Fwty tr8n8aL#kns requithg Sn ellheryear. 21. ULTIMATE C I￿ROLL￿G PARTY 1th810 ￿kn11n9 Ih6 yw endod 31 March 202212021.. NIII 21 POST BALAN E 3HEEf EVENTS adjustment to no 0¥onts subwuent to 31 Mwch 2tr22 roqutre dl8cknwr• In or 889 8CC4xmts12021: NIII CAPffAL CO ITMENTS AND CONTINGENT LIABILmE8 March 2022 c ca￿1 cThnnknients or (ffitin￿ Iwmes rwulrfng d18do8ure at aithar 31 1 2021,