## **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.
Page 1
## **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
Page 2
**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**
Page 3
**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**
Page 4
||**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**|
|||||||||
Page 5
## **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||
Page 6