ROBIIYSOIY'S RETREAT AND RELIEF CHARITIES {SAMUEL ROBINSON'S CHARITIES) FINANCIAL STATEMENTS 30 November 2024
ROBINSON'S RETREAT AND RELIEF CHARITIES Charity Commission No. 2227(X) TRUSTEES Name Denominaiion Eliubeth Lawson. KC, LLB David Porter. BA. MBA John Beha (resigned 13 June 2024) Lyn Hopkins Roger Hughes, CA Anihonv Alderman. ACII Howar(i BroHTr. FCA U.R.C. Bapiisi U.R.C. U.R.C. Bapiisl lJ.R.C. Baptist 1983 1996 2015 1999 1999 2004 2010 Th¢ Trustees are (in rL'specl of the Relief Charity only) a corpordtion bv the name of The Incorpordted'frustees of Robinson's Tru51 for Indendent and 11(Ipli8t Minisiers creth for Grants Tre&surer Miss E. A. Lawson 113 Vesage Court 8A Leather Lane L()ndon ECIN 7RF H R BrowTr. FCA Bocketts Downs Road KT18 514A Investment Mana YLrs Charle5 Stanley & Co. Lid Ropemaker PlaLe 25 Ropemak¢r Sireei London EC?Y 9LY Bankers Examiner Unity Trust Bank pl¢ Four Brindleyplace Binningham BI 2JB Miriam Hickson CTA FCA JCS Accountanls Ltd 5 Robin Hood Lan¢ Sutton Surrev SMI 2SW
ROBRNSON'S RETREAT AND RELIEF CHARITIES CONSTITUTION OF THE CHARITIES The Robinson's Trust for Minisl¢rs Widow's was created in 181 ? by Samuel Robinson t.or the benefil ol widows of Pastors or Ministers of Independent and Baplist Churches resident in the Brili.sh Isles. The Robinson's Relief Trust was crealed in 1833 under Samuel Robinson'5 Will for the benefit of Independeni and Baptisl Ministers. either married men or widowers. residenl in England and Wales. In 1986 a scheme was approved for ihe two charilies to be administered iogyelher under th¢ title of Robinson s Retreal and Relief Charities. The Trust Deed requires the Trusle¢s to apply the income in relieving need either generally or individually by making grants of money or providing or paying for items. services or faciliiies calculat¢d to reduce the need, hardship or distress of nefIciarieS. The body of Trustees consisls. when complete. of eight competenl persons of whom al the time of their resp¢¢live apwintments four shall be Elders or Deacons of Churches of the United Refornied Church. one shall k an Elder or a Deacon of a non-unitinb Congyregational Church and three shall bc Elders or Deacons of Baptist Churches. Trustees are required to hold ai le&qt one meeting in each year. to be held on or as near as possible to 8 Jun¢. being the anniversary of th¢ birthday of the Founder, Samuel Robinson. Clause 25 of ihe Trusi Dttd gives pennission for the cosls of the anniversary dinner to be charged againsi the income of the Tnt. TRUSTEES, REPORT The Truslees present their rert for the year ended 30 November 2024. The Truslees met during the year and considered the level of granls lo be paid in the financial year in the light of the economic outlook and tsking into accounl the pern)ission granted by the Charity Commission in July 2021 for the Charity lo expend up lo £IOO,000 of Pernianenl Endonent in order lo maintain the level of girants to beneticiaries. 'fh¢y decided to mainlain individual grants at the same level as the pr¢vious year. The results for the year sel oui below show thal investment income amounted to £110.654 (2022123 £104.321). Individual grants were made to 30 benefi¢iari¢s totalling £119.992 (2022123 30 iotalling £125.527) during the year, ranging from £1,500 to £6.(KK). As a result. there was a deficil of £1 0,922 (2022123- £22.616) on Revenue Account for the year. This deficit has been set againsi the Pernianent EndothThents, as pennitted by the Charity Commission's rulin¥ referred lo above. We record. with grateful thanks. the work undertaken by Elizabeth Lawson and her fellow trustees, who are appointed in accordance with clause 20 of the Trusi Deed, in the asse5sm¢nl and dislribulion of these grants. The administration expenses continue to be very low, as all tasks are perfonned by the Trustees, who receive no remuneration. nor are they reimbursed expenses. It is ihe ry)licy of the Truslees lo balance the obje¢lives of the investments betw¢en growth in the pern)anent endownents and the need for revenue income to fund grants.
ROBINSON'S RETREAT AND RELIEF CHARITIES TRUSTEES, REPORT continu It is the Trustees, intention to distribute the venue account fully, Lqking one year with anoiher. The Trust¢¢s of Samuel Robinson s Chariti¢s endeavour to avoid investing in companies wilh more than a minimal proportion of their income derived from alcohol. loba¢co. pomography or arms. ThL'y recogynise. how¢ver. thal il is nol always easy 10 identitv all ihe acliN'ilies of muliinaitonal companies or their subsidiaries and that Iroin time to time they may inadvertenily make an inv¢stmenl which breaches this policy. They believe that it is possible io maintain this p)licy without breaching their primary obligation lo obtain the bcst relum on th¢ir investrnenls for the benefit of those whom the Charilies were established 10 serve. Following ihe decision to place the assels of boih TtS with one Invesimenl Manager. Charles Stanley & Cu l.Id. the "frust¢¢s merged the assel account5. As at l June 2010. th¢ value of Ihe assets in Ihe Iwo trusts was split in the proportions Retreat 47.090/0. Relief 52.91% and it was decided thal these proportions should be regarded as pernianenl unlcss Ihcre w&s a siglnificanl chanbie in circumslances. Chas. Stanlev d¢al with the portfolio on a dis¢r¢lionary basis on a medium/low risk wlth balanc¢d objeclives belween capitsl gr0h and income. During the year. Ihe value of ihe portfolio under manag>ement incre&sed by £2?8.260 to £3.304.547. 20?4 was thL J'ear .hLfL Lquil!. InJrkii rLiums ii"LfL larg?Ll!' drii'Ln ini'L'%lvr ¢xpLi'ialic)n% c)r inlLrL%l ralL nioi'LmLll15 and ihL app()inlmL'nl of nLl%' global p()liliLal l¢'adL'r%. -I'IIL IJS I".quitN' markLI has had d slr()nb !'Lar 'Ith rL'lurns drii'cii mc)s11!' b}.. the e.en larg)Lsl leLhnolob>' companiL%. (iains in UK Lyuilies havl be¢n more subduLd and the IIK niarkil LurrL'nil!' tradL% al a di%L()unt. lJrgTelN" du¥ Ic) il% lack i)I' Lxpi)siifL lo ihL' IL'chii¢il()b)" SLLlor. MdrkLls initialli" gyaK"¢' a Hann rLsponse lo l)onald 'lrump" deLiSiV¢ win in the LIS I)rcsidL'ntial F.Icction. M.'hilst condili0115 .711 rcimain LhullL'ngiinb>. IhL' LIS is .slill ¢%Li.d io enbyineer a soft Lyonomic landingy as inllation i hri)ub¥hi down lil IhL LIS FL.deral RLrI'L s largiLt lei'LI. hoi¥eN'cr IhL'rc could b¢ %oine disappointmenl iii the pacc ol. the cuts should Donald Trun)p's iarill. Ihr¢at5 bL iniplLnienled. Althougtrh Ll'idence of a s]0"dOW.ft ha5 em¢'rg>Ld in the IJK. Ihere is nothing vel in the data lo sugpgyesl Ihe SIO.down could morph inlo a recession. When planning the Charilies. activities. the Trustees have considered the Charity Commission s guidance on public benefit. The beneficiaries are defined by the trust deed. and are ihose in need. hardship or distress.
ROBINSON'S RETREAT AND RELIEF CHARITIES TRUSTEES. REPORT eontlnued Trustees, res nsibilities Charity law requires ihe Irustees to prepare financial slal¢ments for each financial year, which give a true and fair view of the slale of atTairs of ihe Trust and of ihe pr()lil or loss for ihat period. In preparing those financial slatements. the trustees are required io: select suitable accounting lICIeS and then apply ihem consisl¢ntly' make judgements and ¢stimates thal are reasonable and prudenl: 5th1e whether applicable accounting slandards have bcen followed. subject to any material departures disclosed and explain¢d in the financial slalemenls: and prepare the financial stalements on the going concern basis unless it is inappropriate to presume that the Trust will continue in business. The InteeS are reswnsible for mainiaining proper accounting Tecords which disclose with reasonable accuracy al any time the financial posilion of thc Trust and io enable them to ensure that the financial slaiements comply with the Lhartties Act 2011. They are also responsibl¢ for safeguarding the assels of the Trust and hence for taking re&sonable sieps for ihe pr¢venlion and deleclion of frnud and other irregularilies. 11 Fl R Bmwn Trustee Date 27 March 2025
ROBINSON'S RETREAT AND RELIEF CHARITIES STATF.MF.YI T OF FINAYCIALAcTIITlEs for th¢ l'ear ended _IO INovember 2024 Tolal 2023 Retreat Relief Revenue Charity Chariiy Total ?024 Income 103,711 Income from List¢d Investments 109.555 61 O Interest 104 321 110654 110654 nditure Grants to Ministers and Widows 75,400 Baptisl (18) 34,427 Cong)r¢g>ational {7) 8,200 United Refornied Church (2) 7 500 other (3) 125 527 70,300 31.492 7.700 119992 147 195 Le8al and oiher expenses Fiiunder s Birthday Dinner Examiner s Fec 156 300 584 121576 126 937 (22,616) Revenue (Deficit) for year (12.193) Capilal appciall0n in year I InvL'sim¢nl manabFement fees (53,030) Net Incom¢l{Defieit) (10.922) (10.922) 116.358 130.738 247,096 (10.922) 107.488 120,772 217,338 Transfer between Funds (note) 10.922 (5.143) (5.779) Reeoneiliation of funds 3 182 699 Total lunds broughi forward 3 129 669 Total fijnds carried forward 1486 673 1642 996 3 129 669 1589 018 1757 989 3 347 007 Note: The deficit of £1 0.922 on Revenue Reserve has IKen set against the Pernianent Endowments, as pemiitted by thc Charity Commission s ruling in July 2021, for the Charity lo expend up to £1 (M).000 of Pennanent Endowment in order to maintain ihe level of grants to beneficiaries. At 30 November 2024. £42.496 had been so expended.
ROBINSON'S RETREAT AND RELIEF CHARITIES BALANCE SHEET AT 30 NOVEMBER 2024 ASSETS 2023 Notes 2024 3.016.758 Listed Inveslnients 59.529 C&sh ai brokcrs 6.480 46 902 Bank balances £3 129669 3.210,737 93.810 5.879 Capital Account Income Account £3 347 007 REPRESENTING: 1.486.673 Pennanent Endowmenl of R¢lr¢al Charity .589.018 1.642,996 Permanent Endowmenl of Relief Charity 1.757.989 Revenue Accounl £3 129 669 Toial Funds £3 347 007 27 March 2025 HRBn) Truslee Porler Truslee
ROBINSON'S RETREAT AND RELIEF CHARITIES Notes to the Financial Statements for the year ended 30 November 2024 l. Accounting policies Accounting convention. The accounts have been prepared under th¢ historical cosi convention. modified for the inclusion of lisied investh]ents at market value. They have been prepared under ihe Charilies Act 2011 and tn accordance 7th the Charilies Sthtement of Recommended Practice (Charities SORP (FRS 102). Income from investments. mainly dividend& is recognised when received by brokers. Grants payabl¢ are charged to income in the year in which the grant is approved. Listed investments are shown at markel value. 2. Charitabl¢ aclivilies. The Trustc¢s r¢u)ard all resources expended lo be for the single purpose of the Charities. The chariiy is a public bcnefii enlity. 3. Related parties. There were no relaied party trdnsactions durin8 the year. 4. Listed Investments and cash ai brokers. Movements for the year are: Listed Cash Investmenls at brok'ers Total Balance at l December 2023 Invesimeni manabTremeni fees Additions in lh¢ year Disposals in th¢ year Appreciation for year-realised Appreciation for year-unrealised Balance ai 30 November 2024 3,016.758 59.529 3.076.287 (18.836) (18,836) 308.019 (308.019) (361.136) 361,136 153,322 153.322 3 210737 93 810 3 304 547 Included in ihe balance ai 30 November 2024 are unrealised gains of: 2024 2023 Retreai Charity Relief Charity Tolal 463.950 521292 £985 242 403.946 453 871 £857 817
Independent ex8miner's report to the trustee5 of Robinson's Retreal and Relief Charilies I report lo the charity trustees on my examinalion of the accounts of the Trusi for ihe year ended 30 November 2024 which are sei out on pages 6 to 8. Respon5ibilitie5 and basis of report As the charity's truste¢s you are responsible for the preparation of ihe accounts in accordance with the requiremenis of the Chariiies Aci 2011 ("the Act.). I report in res¢1 of my examinaiion of ihe Trust's accounis as carri¢d out under section 145 of the Acl and in carrying oul my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independenl examiner's statement I have completed my examinalion. confirni thai no matters have come to mv attention in connection with the examtnation biiving me Cau lo believe ihal in any maierial respect: accountingy records were not kepl in Tespecl of the Tn1 &s required by section 130 ofih¢ Act: or Ihe accounls do noi accord with those Tecords: or th¢ accoun15 do not comply with ihe applicabl¢ requirements concerning the forni and conlenl of accounis sei out in th¢ Charities (Accoun15 and Report) Regulalions 2008 oiher than any requirement thai the account5 byive a 'lrue and fair view. which 15 not a matter considered as part of an independent examinalion: or I have no concerns and have come across no other matters in connection with the examinalion lo which all¢ntion should be drawn in ihis rewrt in ordcr to enabl¢ a proper understsnding of the accounts to be reached. Miriam Hick50n CTA FCA JCS Accountants Ltd 5 Robin Hood Lane Sutton SUeY SMI 2SW Date: lu hr .1 Zoa