EXMOUTH WELFARE TRUST
Registered Charity Number: 269382
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Contents Page Trustees’ Report 1 Independent examiner’s report 3 Receipts and payments account 5 Statement of assets and liabilities 6
The trustees, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2024.
Objectives and activities
Objects and aims
The object of the charity is to provide relief either generally or to individuals persons resident within Exmouth parish who are in need, hardship, or distress, who are sick, disabled or infirm. The Charity does not provide grants in relief of rates, or taxes.
Objectives, strategies and activities
In furtherance of the objects detailed above, the charity provides grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship, or distress, alleviate the suffering, or assist recovery of such persons. The limit of any grant is £300 per individual in any one year. The Charity also provides food vouchers at Christmas.
Public benefit
In setting objectives and planning activities, the Trustees have considered the Charity Commission's general guidance on public benefit and to its supplementary public benefit guidance on fee-charging. An individual’s economic status, gender, ethnicity, race, religion or disability do not form part of our assessment processes.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and Performance
Although the cost-of-living crisis is ongoing we have had a slight reduction in the level of grants given. During the year there has been a significant further increase from the last year in grants for child fees but also a similar reduction in providing white goods. Referrals are made from the Citizens Advice Bureau, East Devon District Council, various health or mental health teams and other local organisations. All applications must have a sponsor and are not accepted from the applicant. No monies are sent direct to the individual.
Financial Review
The reserves of the charity as at the year-end are shown on the balance sheet. The financial situation has been monitored closely by the Trustees and in view of the continuing challenges within the community further funds have been transferred to ensure interest and dividends received are sufficient to meet the need. This is monitored monthly.
The trustees do not plan any change in the activities of the charity, or the way grants are provided although the grant limit is reviewed regularly. This year we have changed to using Tesco vouchers from Co-op vouchers to help recipients.
The financial practices are reviewed annually and all grants are now paid by BACS other than vouchers or in exceptional circumstances.
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Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Rev. Robert Sellers, Chairman Dr Clive Stubbings, Secretary Miss Lynne OBE, Treasurer Mr Malcom Elliott Rev. Steve Jones Cllr Brenda Taylor Cllr Eileen Wragg Mr Steven Gazzard Mrs Deborah Barnett
The annual report was approved by the trustees of the charity on ……………………… and signed on its behalf by:
……………………………………….. Lynne Elson OBE
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name Exmouth Welfare Trust members of On accounts for the year 31 December 2024 Charity no 269382 ended (if any) Set out on pages 5-6 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2024.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: Name: Jon Westley Relevant professional FCA qualification(s) or body (if any): Address: Thompson Jenner LLP 1 Colleton Crescent Exeter EX2 4DG
IER
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Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
IER
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| EXMOUTH WELFARE TRUST | EXMOUTH WELFARE TRUST | EXMOUTH WELFARE TRUST | 269382 | 269382 | 269382 | CC16a | |
|---|---|---|---|---|---|---|---|
| For the period from |
01/01/2024 | To | 31/12/2024 | ||||
| Section A Receipts and payments | |||||||
| A1 Receipts | Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 16,040 7,870 3,000 123 - - 386 600 28,018 - - - 28,018 - - 600 3,992 5,800 900 505 - 1,813 10,000 600 - 424 127 60 336 - |
Last year to the nearest £ |
|||
| COIF Charities Dividends | 16,040 | 15,820 | |||||
| M&G Income | 7,870 | 7,476 | |||||
| David Gibbon Foundation | 3,000 | 3,000 | |||||
| Bank Interest | 123 | 78 | |||||
| Returned Grants | - | - | |||||
| Bank Credit | - | - | |||||
| George Hurdle Trust | 386 | - | |||||
| Tesco Vouchers | - | ||||||
| Co-opVouchers | 600 | 600 | |||||
| Sub total(Gross income for AR) |
28,018 | 26,974 | |||||
| A2 Asset and investment sales, (see table). |
|||||||
| - | - | ||||||
| - | - | ||||||
| Sub total | - | - | |||||
| Total receipts A3 Payments |
|||||||
| 26,974 | |||||||
| ClothingGrants | - | - | 272 | ||||
| Transport Grants | - | - | 600 | ||||
| Child Activities Grants | 600 | 600 | 332 | ||||
| Child Fees Grants | 3,992 | 3,992 | 3,366 | ||||
| White Goods Grants | 5,800 | 5,800 | 6,384 | ||||
| Beds and BeddingGrants | 900 | 900 | 2,410 | ||||
| Floor CoveringGrants | 505 | 505 | 1,465 | ||||
| Furnishings | - | - | - | ||||
| Misc Grants | 1,813 | 1,813 | 2,288 | ||||
| Tesco Vouchers inc Christmas Vouchers | 10,000 | 10,000 | - | ||||
| Co-opVouchers | 600 | 600 | 3,330 | ||||
| Christmas Vouchers | - | - | 7,770 | ||||
| PO Box | 424 | 424 | 396 | ||||
| Secretary/Admin Expenses | 127 | 127 | 126 | ||||
| Postage | 60 | 60 | 83 | ||||
| Independent Examiner | 336 | 336 | 320 | ||||
| Bank Charges | - | - | |||||
| - | - | - | |||||
| **Sub total ** | 25,156 | 25,156 | 29,142 | ||||
| A4 Asset and investment purchases, (see table) |
|||||||
| COIF INVESTMENT | - | - | |||||
| - | |||||||
| **Sub total ** | - | - | |||||
| 29,142 | |||||||
| 2,862 | (2,168) | ||||||
| - | - | ||||||
| 21,559 | 21,559 | ||||||
| 19,923 | 19,391 | ||||||
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Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Outstanding Grants Outstanting Secretarial Expenses for 2024 Details Details M & G Charifund Relief in Sickness 00053878 Relief in Sickness 007008754 Relief in Need 00509170 Details Outstanding cheques Relief in Need 07105970 Details Total cash funds (agree balances with receipts and payments account(s)) Tesco Vouchers Co-op Vouchers Details COIF Special Income Shares (CO3062075) COIF Special Income Shares (CO3062114) COIF Special Income Shares (CO3062113) |
Unrestricted funds Restricted funds to nearest £ to nearest £ 5,539 - 3,290 - 5,318 7,957 (149) - 22,253 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ 1,550 - 1,085 - - - - - - - - - Fund to which asset belongs Bid Value Relief in Need Relief in Sickness Relief in Sickness Relief in Sickness Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Sickness/Neeed 580 Sickness/Neeed 51 - Print Name Lynne Elson OBE |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (31/12/24) |
|||
| 214,710 | |||
| 183,958 | |||
| 190,598 | |||
| 128,747 | |||
| 718,013 | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Lynne Elson OBE |
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