Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS**
## **RELIEF IN NEED CHARITY**
**Registered Charity Number (England & Wales): 272055**
**Trustees’ Annual Report and Accounts for the year ended 31 December 2023**
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **Chair’s Introduction**
Jesus would not have done well on any kind of SMART target. He didn’t scale up his message. He spent most of his time away from the capital and the elite of the backward province in which he lived. As far as we know, he wrote down nothing permanent nor told others to do so. He was able to feed multitudes, but apparently only did this twice in his ministry instead of maximising the volume of magic food to be produced. In short, he didn’t work in generalities or the big picture – at least, not in the way most people understand that.
Relief in Need might seem like a lot of effort. We are a small charity with modest resources. We are not in a position like the Connection at St Martin’s or St Martin’s Charity who – brilliantly – transform the lives of many thousands of people and advocate for changes in government policy and society.
But, perhaps, we do attempt to do what Jesus did: try to change the world one person at a time. We currently help around 15 beneficiaries with modest monthly grants. We limit ourselves to direct and small grants to around 15 members of the wider St Martin’s community who are in need. And, of course, in doing so, the tables are turned: it is those individuals who inevitably are Good News for us.
The year saw an increasing hostility in the wider political landscape to many of our beneficiaries. Many are prohibited from working. While there were notable successes, processing immigration claims seemed as slow as ever. Most of our beneficiaries are in limbo: some are awaiting decisions on immigration status from the authorities, others appear stuck in domestic or health situations. Relief in Need support, financial and otherwise, walks alongside them during these times of difficulty.
Our financial position remained healthy, boosted by three generous legacies. We have identified further potential beneficiaries to ensure that those kind gifts make a difference to those lives. I am extremely grateful for the time and effort given by the Trustees and by Sophie Tyler and Richard Carter in particular, and also to Stan Chan who acts as our Independent Examiner.
Chris Braganza
Chair
7 October 2024
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Objectives and Activities**
St Martin-in-the-Fields Relief in Need Charity was established in June 1976 but its roots go back hundreds of years when Parish Churches were first made responsible for ‘the poor’ in their parishes. Its purposes as set out in the 1976 ‘Scheme’ governing document are to use its income to relieve those:
“ _who are in conditions of need, hardship or distress, by making grants of money or providing or paying for items, services or facilities calculated to reduce the need, hardship or distress of such persons.”_
Today the charity continues to works to support people in need who have a connection to the Royal Parish Church of St Martin-in-the-Fields. The charity believes that everyone has the right to live their lives fully, with dignity, and to be able to contribute to their community and society as a whole.
The trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
In October 2018, the trustees adopted a Governance Policy to provide some additional guiding principles and intentions for their decisions, in a context where the vast majority of the congregation no longer lived in the parish. The purposes here are:
“ _to provide for the relief of people connected with the church of St Martin-in-the-Fields who are in severe financial need. This is usually in the form of a monthly grant for living expenses, including, but not limited to food, clothing, travel, fuel and accommodation costs_ .”
Since 1976, St Martin’s has been the instigator of two major charities supporting those in need. The Connection at St Martin’s works with those experiencing street homelessness in the immediate area. The St Martin-in-the-Fields Charity works throughout the UK. It provides grants to those working with homeless people and direct grants to help those moving into accommodation or to avert evictions.
St Martin-in-the-Fields is Relief in Need Charity is solely focused on supporting members of the church community. The charity’s beneficiaries may not necessarily be homeless and may live some distance from Trafalgar Square. In many cases, it is that distance that is a barrier for them: people on fixed incomes, or with no recourse to public funds of any kind, often are unable to afford even the fare to travel to St Martin’s to take part in activities, access support and contribute to the life of the community.
In 2023, a total of 18 people were supported through grants during either all or part of the year. Out of this total, 4 people had children. Towards the end of the year, two teenagers, members of two of the families supported, were awarded their own monthly grants to help support their expenses whilst away studying at university.
The charity provided support in three main ways:
3
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
- I. Monthly grants to individuals and families
- II. Emergency grants where there is a particular one off need.
- III. Additional grants to help pay for specific needs (e.g. travel costs to St Martin’s, energy costs due additional needs linked to ill health).
## **Grantmaking policy and procedure**
Potential beneficiaries are identified, normally by a member of the clergy team. After determining the person’s circumstances, level of need and suitability for a grant, the matter is brought to a trustees meeting for discussion, or if urgent, by e-mail.
Regular monthly grants increased in October 2023 to reflect continuing increases in inflation and therefore the costs of essential goods and services. From January to September 2023, the rates were £88 per month for individuals or £123.20 for families. These rose to £100 and £140 respectively from October to December 2023. An additional ‘Christmas Bonus’ of £100 for single recipients and £140 for the families was paid in early December 2023.
In a few cases, beneficiaries don’t have a bank account, so the grants are passed on to them in cash and a receipt is obtained, but those that do have an account receive the grant by bank transfer.
Grant recipients are made aware that the grant is not open-ended. Recipients are asked for an update on their status every 6 months. A formal review takes places every 12 months for every recipient.
The trustees have agreed a policy of supporting up to 15 regular beneficiaries at any one time, although individual needs will always be considered, so this number may be exceeded. In October 2023 it was agreed to increase this level in light of additional grants awarded by The Henry Smith Charity. The level of grants is normally reviewed at the first meeting of the year.
The trustees, on review of the charity’s constitution, have agreed in principle that one-off emergency grants can be made when circumstances require.
Recipients are expected to have a personal link to St Martin-in-the-Fields and contribute to the live of its community. This can be in number of ways, including the International Group which meets every Sunday to support migrants and asylum seekers, particularly those with no recourse to public funding. It is not expected that recipients have a Christian faith or adhere to a certain lifestyle. Alongside a link to St Martin’s, the main criterion is that there is a demonstrable financial need. Background, ethnicity, race, gender, sexual orientation, nationality or legal status are not factors that influence decisions about making a grant.
4
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Achievements and Performance**
Four key factors shaped the context in which Relief in Need worked in 2023.
- I. A rich programme of in-person services and activities at St Martin-in-the-Fields at a time when other community organisations began to struggle with funding activities and access to specialist support became even more challenging. The charity seeks to enable participation in the community life of St Martin’s. With the church building once more acting as the heart of the community, assisting recipients to travel to services and activities, regardless of distance, helped them to remain active, supported and feel valued.
- II. No let up in the price of essential goods and services, even if the underlying rate of inflation started to fall in the latter half of 2023.
- The trustees monitored inflation rate rises throughout the year and sought to ensure that grant rates kept up with prices rises, hence the increase in monthly grant rates in October 2023 detailed above.
- III. Continued delays and other issues caused by backlogs in processing asylum and other immigration related cases.
- A significant number of recipients had pending asylum or other immigration claims to the Home Office at the beginning of the year. Four recipients finally received a decision in 2023, but still needed support to transition to the next phase in their lives, including finding somewhere to live, starting to study or work and accessing support with long term health conditions.
- IV. Support for new students Towards the end of the year, two members of families supported by Relief In Need started university, away from their family home. Relief In Need is now supporting their new lives as students, as well as continuing to support their families.
Relief in Need support recipients in a variety of circumstances. Each has their own story and has made their own journey to be part of St Martin’s. However, there are some common themes:
- Waiting to submit or with a pending asylum case, sometimes with no government financial or housing support
- Recently awarded limited leave to remain and in need of support to whilst finding a job, housing and applying for benefits
- Living as a single parent on a very limited income
- Experiencing a complex mixture of long-term health issues, sometimes with additional housing problems.
We asked three of our beneficiaries how Relief in Need had helped them in 2023.
5
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
“ _St. Martin-in-the-Fields is pivotal to my freedom in the United Kingdom. They sustain me spiritually, financially and emotionally, helping to stabilise my mental health. They enabled my inclusion where I would otherwise been a hermit in society, providing for my spiritual needs essential for my continued existence. I live [80 miles from St Martin-in-the-Fields], but because SMITF has become part of my spiritual haven, I cannot live without it, and they are aware of it and provide the much-needed financial support for me to ensure I remain included for my continuous well-being. I am a refugee with reoccurring mental health issues. I have found SMITF a place of sanctuary and refuge. The weekly/monthly financial sustenance [Relief in Need] gives me has helped me overcome significant financial difficulties to which I am forever indebted_ .”
Individual recipient, awarded leave to remain in the UK in 2023
“ _As a current university student, the grant I received from St. Martin's provided great support throughout the year as it allowed me to purchase the required books for my modules, thus allowing me to excel throughout the year. Additionally, the grant also provided me with the ability to afford food and transportation during the term.”_
1[st] year university student from family also supported by Relief In Need
_“I will never forget this help because I consider it a huge blessing: money came in my difficult situation. As I have no help from anyone, I am not eligible for any government public funds and I am not allowed to work, when I was struggling with how to lead my life in a very bad … situation, by God's grace I received [Relief in Need] monthly support money which is very helpful. I use this money for my food, clothing, travel expenses, etc._ “
Individual recipient, with no recourse to public funds due to immigration status
The support Relief in Need provides not only impacts the lives of our recipients. Many of our recipients contribute in very significant ways to the community life at St Martin’s, whether that be as a steward, helping with hospitality, being a regular team member at the International Group, hosting refugees and migrants from around the world or providing support to others with similar difficulties in their lives. As such the charity fosters a greater sense of social well-being through supportive relationships and feelings of trust and belonging.
6
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Financial Review**
In 2023 Relief in Need received £90,439 income (2022: £22,687). The total expenditure was £25,416 (2022: £22,298). At 31 December 2023, the reserves were £86,384 (2022: £21,361).
The trustees constantly review and monitor current levels of income and expenditure. Income in 2023 exceeded total expenditure by £65,023 (2022: £389). There was a small surplus in 2022. The main reason for the large surplus in 2023 was the receipt of three significant legacies, totalling £65,100 (2022: £Nil). Relief In Need has not received any legacies for the past few years and the trustees therefore intend to ensure that these funds are drawn down for expenditure over an extended period of time.
In recent years, the charity has retained reserves so that it has a cushion of funds available to accommodate fluctuations from year to year. At the bare minimum, the policy is to retain funds equalling 12 months’ worth of current expenditure. This is to ensure that in the worstcase scenario of the charity ceasing to operate, recipients could be given sufficient notice and assistance to find alternative sources of financial support. However, the trustees recognise that there is a likelihood that there will be a greater demand for funds and possibly also a need to raise the level of the grant in 2024 and beyond. They are therefore seeking to maintain a balance between total income and total expenditure and to make a clear distinction between sources of income received every year (either from regular donors or grants from other charities) and legacies or other one-off gifts.
In 2023, £18,300 (2022: £17,000) was received in grants from other charities and £5,799 (2022: £5,285) from individual donors.
7
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Structure, Governance and Management**
The charity was created, more or less in its present form, by an article of association dated 1 June 1976, out of now defunct charities that at one time supported St Martin-in-theFields’ almshouses and the “poor of the parish”.
Trustees usually meet between two and four times a year. More urgent decisions are discussed between meetings by e-mail, video call or telephone.
In the event of a vacancy on the board, potential trustees are recommended by members of the existing board. As the aim of the charity is to support those in need with a connection to the St Martin’s community, potential trustees would normally be people who themselves have a connection to, or knowledge of, St Martin’s. It is also the aim of the trustees to have a board that reflects the diversity of the St Martin’s community, as well as having a range of skill sets to adequately assist in robust decision-making.
If the board is in agreement, one or two of the trustees will be asked to have a conversation with the candidate. Those who agree to become trustees are elected by the existing board for a term of 5 years and sign a Declaration of Acceptance when they attend their first meeting. At the expiration of the term, trustees may be re-elected for another term.
The chair is elected by the trustees at the first meeting of the year. The chair may serve consecutive terms.
New trustees are given a comprehensive induction and are instructed and guided to familiarise themselves with the charity and the context in which it operates. Trustees are requested to hold copies of the following relevant documents:
- The governing document
- Any bank mandates signed
- Minutes of meetings
- Annual accounts
- Documents discussed at meetings
- A list of current recipients
- Charity Commission information
The charity has no paid staff; decisions agreed by the board are carried out by the clerk or by one or more of the other trustees themselves. We are reliant on the voluntary work of the Clerk, Sophie Tyler, to distribute the grants, maintain the finances and prepare material for trustees meeting.
## **Related party statements**
Although the charity works specifically with people in need within the St Martin-in-theFields community, it is an independent charity. In 2023, the charity has been supported by the St Martin-in-the-Fields Trust. It continues to liaise with the Vicar’s Relief Fund to refer cases that the VRF can best support.
8
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
Rev Richard Carter is Associate Vicar for Mission at St Martin-in-the-Fields with responsibility for pastoral matters.
9
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Reference and Administrative details**
St Martin-in-the-Fields Relief in Need Charity
Registered charity number (England & Wales) 272055
## **TRUSTEES**
The trustees who served during the year were: Chris Braganza (Chair from February 2023)
Craig Norman (Chair until February 2023) Revd Richard Carter Ruth Wooldridge Michael Moran Chris Riley Sophie Tyler (Clerk)
## **Registered address**
5 St Martin’s Place London WC2N 4JJ
## **Bankers**
Coutts & Co 440 Strand London WC2R 0QS
## **Declarations**
_The trustees declare that they have approved the trustees’ report above._
**Christopher Braganza Chair**
**7 October 2024**
10
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Independent Examiner’s Report to the trustees of St Martin-in-the-Fields Relief in Need Charity (the “Charity”, registered charity number 272055)**
I report to the Charity’s trustees on my examination of the accounts of the Charity for the year ended 31 December 2023 which are set out on pages 12 to 20.
As the Charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). You are satisfied that the accounts of the Charity are not required by charity law to be audited and have chosen instead to have an independent examination.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Signed:**
**Date:** 08-Oct-2024
Stan (Fai) Chan **Name:**
**Relevant professional** ACA **qualification:** 49 Atwood Avenue **Address:** Richmond TW9 4HF
11
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
## **FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **Statement of Financial Activities**
|**Notes**
**_Income from:_**
Donatons and
legacies
3
Charitable actvites
Other trading
actvites
Investments
3
Other
**Total**
**_Expenditure on:_**
Raising funds
Charitable actvites
4
Other
**Total**
**Net income/(expenditure) before**
**investment gains/(losses)**
Net gains/(losses) on investments
**Net income/(expenditure)**
Extraordinary items
Transfers between funds
**Other recognised gains/(losses):**
Other gains/(losses)
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought forward at
1 Jan 2023
**Total funds carried forward at**
**31 Dec 2023**|**Notes**
**_Income from:_**
Donatons and
legacies
3
Charitable actvites
Other trading
actvites
Investments
3
Other
**Total**
**_Expenditure on:_**
Raising funds
Charitable actvites
4
Other
**Total**
**Net income/(expenditure) before**
**investment gains/(losses)**
Net gains/(losses) on investments
**Net income/(expenditure)**
Extraordinary items
Transfers between funds
**Other recognised gains/(losses):**
Other gains/(losses)
**Net movement in funds**
**Reconciliaton of funds:**
Total funds brought forward at
1 Jan 2023
**Total funds carried forward at**
**31 Dec 2023**||**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**2023**
**£**
**2022**
**£**
89,564
-
-
**89,564**22,563
-
-
-
**-**
-
-
-
-
**-**
-
875
-
**875**
124
-
-
-
**-**
-
90,439
-
-
**90,439**
22,687
-
-
-
**-**
-
25,417
-
-**25,416**22,298
-
-
-
**-**
-
25,417
-
-
**25,416**
22,298
65,022
**-**
**- 65,023**
**389**
-
-
-
-
-
65,022
**-**
**- 65,023**
**389**
-
-
-
**-**
**-**
-
-
-
**-**
**-**
-
-
-
**-**
**-**
65,022
**-**
**- 65,023**
**389**
21,361
-
-
21,361
20,972
86,383
**-**
**-**
**86,384**
**21,361**|
|---|---|---|---|
|||||
|||||
12
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
## **FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **Balance Sheet**
|**alance Sheet**|||||
|---|---|---|---|---|
|**Notes**
**Fixed assets**
Total fxed assets
**Current assets**
Stocks
Debtors
6
Investments
7
Cash at bank and in hand
8
**Total current assets**
**Current liabilites**
Creditors: amounts falling due within
one year
9
**Net current assets/(liabilites)**
**Total net assets**
**Funds of the Charity**
Endowment funds
Restricted funds
Unrestricted funds
Revaluaton reserve
**Total funds**|**2023**
**£**
**£**
-
-
675
70,784
15,198
**86,657**
(274)
**86,383**
**86,383**
-
-
-
86,383
-
**86,383**||**2022**
**£**
118
10,219
11,072|
**£**
-
-
**21,361**
**21,361**
-
-
-
21,361
-
**21,361**|
||**86,657**
(274)
||**21,409**
(48)
||
|||**86,383**|||
|||-
-
-
86,383
-|||
|||**86,383**|||
The financial statements were approved by the directors on 2 October 2024 and signed on their behalf by:
## **Christopher Braganza Chair**
The notes on pages 14 to 20 form part of these annual accounts.
13
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
## **FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **Notes to the Accounts**
## **Note 1 Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
- _a._ the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS102) 2019),
- _b._ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and
- c. the Charities Act 2011.
## **1.2 Going concern**
There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
## **1.3 Changes in accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2 below.
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period.
## **1.5 Material prior year errors**
No material prior year errors have been identified in the reporting period.
## **Note 2 Accounting Policies**
This standard list of accounting policies has been applied by the charity.
## **2.1 Income**
## **Accounting Policy Description**
Recognition of These are included in the Statement of Financial Activities (SoFA) when: income
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
14
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
**ANNUAL ACCOUNTS**
**FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **Accounting Policy Description**
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
- Grants and Grants and donations are only included in the SoFA when the general donations income recognition criteria are met.
- Legacies Legacies are included in the SoFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
- Tax reclaims on Gift Aid receivable is included in income when there is a valid declaration donations and from the donor. Any Gift Aid amount recovered on a donation is considered gifts to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## **2.2 Expenditure and Liabilities**
## **Accounting Policy Description**
- Liability Liabilities are recognised where it is more likely than not that there is a recognition legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
- Creditors The charity has creditors which are measured at settlement amounts
## **2.3 Assets**
## **Accounting Policy Description**
Debtors Debtors are measured at the cash or other consideration expected to be received.
Current asset The charity has investments which include cash on deposit and cash investments equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash
15
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
**FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **Accounting Policy Description**
commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments.
**Note 3 Analysis of Income**
|||**Unrestricted**|**Restricted**|**Endowment**|||
|---|---|---|---|---|---|---|
|||**funds**|**funds**|**funds**|**2023**|**2022**|
|||**£**|**£**|**£**|**£**|**£**|
|**Donatons**|Donatons and gifs|5,799|-|
-|**5,799**|5,285|
|**and legacies:**|Gif Aid|365|-|
-|**365**|278|
||Legacies|65,100|-|
-|**65,100**|-|
||General grants|18,300|-|
-|**18,300**|17,000|
||provided by other||||||
||charites||||||
||**Total**|**89,564**|**-**|
**-**|**89,564**|**22,563**|
|**Income from**|Interest income|875|-|
-|875|124|
|**investments:**|Dividend income|-|-|
-|-|-|
||Other|-|-|
-|-|-|
||**Total**|**875**|**-**|
**-**|**875**|**124**|
||||||||
|**Total Income**||**90,439**|**-**|
**-**|**90,439**|**22,687**|
All income in 2022 was unrestricted
16
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
## **FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **Note 4 Analysis of Expenditure**
|**Charitable**
**actvites:**
Monthly grants to
individuals
Monthly grants to
families
Emergency grants
Additonal regular
grants
Other charitable
actvites
**Total**
**Total Expenditure**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**
13,822
-
-
**13,822**11,482
6,675
-
-
**6,675**
5,947
1,435
-
-
**1,435**
1,760
2,820
-
-
**2,820**
2,520
665
**665**
589
**25,417**
**-**
**-**
**25,417**
**22,298**
**25,417**
**-**
**-**
**25,417**
**22,298**|
|---|---|
‘Other charitable activities’ related to expenditure on two mobile Wifi devices for use by charity recipients.
All expenditure in 2022 was unrestricted
## **Note 5 Grantmaking**
## **5.1 Analysis of grants paid (included in cost of charitable activities) for this year (2023)**
|Monthly Grants to
Individuals
Monthly Grants to
Families
Emergency Grants
Additonal Regular
Grants to Individuals
**Total**|**Grants to**
**insttutons**
**£**
**Grants to**
**individuals**
**£**
**Support costs**
**£**
**Total**
**£**
-
13,822
-
13,822
-
6,675
-
6,675
-
1,435
-
1,435
-
2,820
-
2,820|
|---|---|
||**-**
**24,752**
**-**
**24,752**|
17
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
**FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **5.2 Analysis of grants paid (included in cost of charitable activities) for prior year (2022)**
|Monthly Grants to
Individuals
Monthly Grants to
Families
Emergency Grants
Additonal Regular
Grants to Individuals
**Total**|**Grants to**
**insttutons**
**£**
**Grants to**
**individuals**
**£**
**Support**
**costs**
**£**
**Total**
**£**
-
11,482
-
11,482
-
5,947
-
5,947
-
1,760
-
1,760
-
2,520
-
2,520|
|---|---|
||**-**
**21,709**
**-**
**21,709**|
|**Note 6 Debtors and prepayments**
**6.1 Analysis of debtors**
Trade debtors
Prepayments and accrued income
Other debtors
**Total**
**Note 7 Investment**
**7.1 Analysis of current asset investment**
Cash or cash equivalents: CCLA COIF
Charites Deposit Fund
Listed investments
Investment propertes
Social investments
Other investments
**Total**|**Note 6 Debtors and prepayments**
**6.1 Analysis of debtors**
Trade debtors
Prepayments and accrued income
Other debtors
**Total**
**Note 7 Investment**
**7.1 Analysis of current asset investment**
Cash or cash equivalents: CCLA COIF
Charites Deposit Fund
Listed investments
Investment propertes
Social investments
Other investments
**Total**|**2023**
**2022**
**£**
**£**
-
-
675
118
-
-|
|---|---|---|
|||**675**
**118**|
|||
**2023**
**2022**
**£**
**£**
70,784
10,219
-
-
-
-
-
-
-
-|
|||**70,784**
**10, 219**|
18
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
## **FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **Note 8 Cash at bank and in hand**
|Short term cash investments
(less than 3 months maturity date)
Short term deposits
Cash at bank and on hand
Other
**Total**|**2023**
**£**
**2022**
**£**
-
-
-
-
15,178
11,052
20
20
**15,198**
**11,072**|
|---|---|
## **Note 9 Creditors and accruals**
## **9.1 Analysis of Amounts falling due within one year**
|Accruals for grants payable
Bank loans and overdrafs
Trade creditors
Payments received on account for
contracts or performance-related grants
Accruals and deferred income
Taxaton and social security
Other creditors
**Total**|**2023**
**£**
**2022**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
274
48
**274**
**48**|
|---|---|
## **Note 10 Transactions with trustees and related parties**
## **10.1 Trustee remuneration and benefits**
No trustees were paid any remuneration or received any other benefits from employment with the charity or a related entity. (2022: Nil)
## **10.2 Trustees' expenses**
No trustee expenses have been incurred. (2022: Nil)
19
Docusign Envelope ID: F22D7084-07C9-463F-AE89-9F191C64B1CB
## **ST MARTIN-IN-THE-FIELDS RELIEF IN NEED CHARITY**
## **ANNUAL ACCOUNTS**
## **FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023**
## **10.3 Transaction(s) with related parties**
A trustee, Sophie Tyler, paid out a total of £1,202 (2022: £1,342) to one properly authorised grant recipient in Nigeria in several instalments via Remitly transfer service / personal bank account over this reporting period. The total amount paid was reclaimed from the SMITF Relief in Need Charity account on the basis of documentary evidence of the amounts remitted and received by the recipient, retained and reviewed by other trustees before reimbursements were authorised. This procedure was followed in order to minimise foreign transfer costs and therefore was in line with the Charity's object to maximise public benefit.
20