St. Lazarus Charitable Trust
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31[st] DECEMBER 2022
CONTENTS
Trustees Annual Report .......................................................................................................................... 2 - 8 Financial Statements ............................................................................................................................. 9 - 15 Independent Examiner's Report ................................................................................................................. 16
St. Lazarus Charitable Trust
ANNUAL REPORT OF THE ST. LAZARUS CHARITABLE TRUST FOR THE YEAR ENDED 31[st] DECEMBER 2022
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity: The St. Lazarus Charitable Trust Registered Charity No: 286918 A Registered charity in England & Wales Principal Office: Gareth Vaughan GCLJ Flat 2 The Glove Factory Montacute Road Tintinhull Yeovil Somerset BA22 8SL Tel/Fax: 01935 826723 Email: ewsecretary@gmail.com Website: www.stlazaruscharitabletrust.org.uk
Trustees: who have served from 1[st] January 2022 until the date this report was approved are: Timothy P Abraham from 28[th] October 2022 Charles J P Betz Ivar A R J Grey Roger C Hirst from 28[th] October 2022 (Chair) David Knox David Powell (Chair) until 28[th] October 2022 John A Reid Patrick W T Wilkins
Bankers: Lloyds.
Independent Examiner: Mr G F Whiteside FCA, Ingalls, Chartered Accountants, Kendal. LA9 7RL
STRUCTURE, GOVERNANCE AND MANAGEMENT
The St. Lazarus Charitable Trust was established as an unincorporated charity by a deed dated 1[st] March 1983. The Trust was subsequently amended by deeds dated 10[th] September 1998 and 28[th] May 2001.
The St. Lazarus Charitable Trust is registered with the Charity Commission for England & Wales, Registered Charity number: 286918.
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
Trustee Recruitment and Appointment
The trustees, who served throughout the year or in part and legal status, are summarised on page 2. Initially, trustees are elected for a term of three years. They can be re-elected for a further term of three years but after a period of six years as a trustee they must stand down.
Organisational Structure
The Charity has a board of trustees that currently meets three times a year and is responsible for the strategic direction and policies of the Charity.
OBJECTIVES AND ACTIVITIES
The Objects of The St. Lazarus Charitable Trust are the relief of poverty and sickness, the relief of disabled and the advancement of the Christian religion, and in particular:
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Relief of persons suffering from leprosy.
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Relief of the aged.
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Relief of victims of disaster and war.
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Advancement of the Christian Faith.
ACHIEVEMENTS AND PERFORMANCE
Review of the year
During the year, the trustees met on three occasions.
Trustees
There have been several changes in members of Board of Trustees during the last twelve months. In accordance with the six-year rule of the terms of office of trustees, David Powell stood down as both chair and a trustee on 28[th] October 2022. Roger Hirst, a former trustee, was appointed a trustee and chair of the Board of Trustees. The Board also appointed Timothy Abraham as a trustee.
Financial Review
The Trust’s income this year from donations including a legacy of £5,000 was slightly down from the previous financial year, being £83,940 (2021: £84,804) . The Trust reclaimed Gift Aid from HMRC £8,613 (2021: £9,909). It should be noted that in 2021 the Trust changed its policy of claiming Gift Aid from annually to every quarter which has resulted in the larger figure being reclaimed from HMRC in the previous year.
Investment income of £18,499 (2021: £18,204) was received during the year from listed investments and bank interest. In total, income of £111,053 (2021: £112,917) was received during the year.
The Trust received regular contributions from 33 members throughout the year, amounting to £5,120. A number of members also made contributions to their respective Commandery Restricted funds held by the Trust.
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
During the year the Board approved an immediate payment of £30,000 on humanitarian grounds to assist those refugees fleeing the conflict between Ukraine and Russia. This was paid through the HM Government Disaster Emergency Committee. £15,000 of these funds was provided from the Ruth Bowden bequest held by the Board, for humanitarian projects in the former Soviet states.
The Trust received a legacy during the year of £5,000 from the estate of Joyce Summers. This legacy was allocated to the Endowment Fund and has been incorporated into the existing listed investments during 2022.
During the year the Trust made a number of grants from its funds.
Summary of grants paid from general funds:
Disaster Emergency Committee – Registered Charity No: 1062638 £30,522.31 Ukraine Appeal
To assist with the humanitarian care and welfare of those caught in and displaced by the conflict between Ukraine and Russia.
The Leprosy Mission of England & Wales – Registered Charity No: 1050327 £29,678.00 Premananda Hospital, India
This was the second year of a three-year funded project to treat and rehabilitate people affected by leprosy. This includes treating those with leprosy, the provision of vital reconstructive surgery to restore mobility and eyesight, protective footwear to prevent further injury, health education and teaching people how to live with the effects of leprosy.
Nepal Leprosy Trust – Registered Charity No: 1081952 £12,893.75 Lalgadh Leprosy Hospital and Services Centre, Lalgadh, Nepal
To assist with the provision of a portable X-ray machine for the Lalgadh Leprosy Hospital in Nepal.
Anglican International Development (AID) – Registered Charity No: 1138664
£1,000.00
Jonglei Health Sciences Institute in Bor, South Sudan
To support the mission work with medical care and equipment, together with the training and graduation of healthcare staff, to allow them to work in the wider local community of Bor. AID currently works to improve the lives of people in South Sudan, Kenya and Uganda with projects in: microfinance, healthcare, WASH (water, sanitation and hygiene), agriculture, education and theological training for church leaders. This grant was to The Jonglei Health Sciences Institute to combat leprosy in South Sudan.
Anglican Chaplaincy Centre, Warsaw, Poland – Registered Charity 250186 Ukraine Appeal
£1,000.00
To support the relief of those refugees displaced and fleeing to conflict between Ukraine and Russia.
In addition to the distribution of grants by the Trustees, Commanderies made grants to provide funds for the general activities of the following charities, including Commandery donations to the Trust appeals. These donations were paid through the Trust accounts:
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
| Avalon Commandery | |
|---|---|
| SLCT – Disaster Emergency Committee – Ukraine Appeal | £ 267.85 |
| SLCT – World Leprosy Appeal 2022 – Nepal Leprosy Trust | £ 500.00 |
| Cumbria Commandery | |
| SLCT - Anglican Chaplaincy Centre, Warsaw, Poland – Ukraine Appeal | £ 200.00 |
| SLCT – World Leprosy Appeal 2022 – Nepal Leprosy Trust | £ 200.00 |
| SLCT - Disaster Emergency Committee – Ukraine Appeal | £ 250.00 |
| The Leprosy Mission – Registered Charity No: 1050327 | £ 500.00 |
| St. John’s Hospice, Lancaster – Registered Charity No: 1157030 | £ 500.00 |
| Christians Against Poverty – Registered Charity No: 1097217 | £ 500.00 |
| King Offa Commandery | |
| The Leprosy Mission of England & Wales – Anandaban Hospital | £ 60.00 |
| SLCT - Anglican Chaplaincy Centre, Warsaw, Poland – Ukraine Appeal | £ 600.00 |
| SLCT - Disaster Emergency Committee – Ukraine Appeal | £1,000.00 |
| SLCT – World Leprosy Appeal 2022 – Nepal Leprosy Trust | £1,456.25 |
| Emmanuel House, Nottingham – Registered Charity No: 1077424 | £ 500.00 |
| St Wilfrid Church, Kirkby in Ashfield | £ 500.00 |
| London & Westminster Commandery | |
| SLCT – World Leprosy Appeal 2022 – Nepal Leprosy Trust | £ 500.00 |
| Sussex Commandery | |
| SLCT – World Leprosy Appeal 2022 – Nepal Leprosy Trust | £ 530.00 |
| Sussex Hospices | £2,400.00 |
| The Marches Commandery | |
| St Michael’s Hospice, Bartestree, Hereford – Reg Charity 511179 | £ 100.00 |
| SLCT – Nepal Leprosy Trust Appeal | £ 400.00 |
| SLCT – DEC Ukraine Appeal | £ 500.00 |
| SLCT – unrestricted fund | £ 500.00 |
| Wales Commandery | |
| Aid to the Church in Need – Ukraine Appeal - Reg Charity 1098984 | £20,016.88 |
| Aid to the Church in Need – Senegal – Reg Charity 1098984 | £ 7,528.13 |
| Samburu Trust UK – Registered Charity No: 1109421 | £ 2,625.00 |
| ABF The Soldiers’ Charity – Registered Charity No: 1146420 | £ 1,000.00 |
| Neem Tree Trust – Registered Charity No: 1099077 | £ 1,000.00 |
| Huw Bartle-Jones Memorial Bursary – Medical Student Elective | £ 1,500.00 |
| SLCT – unrestricted fund | £ 1,000.00 |
The Trustees consider the Trust’s year-end financial position to be in good health. The Unrestricted fund shows a surplus of £35,390 (2021: £48,342) on its activities, which with its listed investments has assets amounting to £374,283 (2021: £338,893) .
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
The Restricted funds, shows a deficit for the year of £-15,802 (2021: £-1,049) with assets of £37,091 (2021: 52,893) still held by the Trust.
The Endowment fund shows a deficit of £-27,952 (2021: £+23,164) for the year. During the year, the Board withdrew the previous years’ dividend income which had previously been reinvested in the listed investment fund. This listed investment now amounts to £110,054 (2021: £138,007) .
Future Plans
To respond to natural disasters has always been one of the Trust’s purposes and should demands be repeated, the Trust will be ready to provide support from its reserves.
The Trustees have agreed the third and final-year grant to The Leprosy Mission – Premananda Leprosy Hospital in Kolkata, West Bengal of £30,799 which will be paid in January 2023.
The Trustees also agreed a one-year grant to EMMS International of £10,000 – to detect, care for and cure leprosy patients at their hospitals throughout Nepal. This will be paid in January 2023.
Reserves and Investment Policies
The trustees keep cash reserves of £20,000 readily available to cover recurring expenses and the funds to enable the charity to respond quickly to worldwide natural disasters.
All Endowment Funds are held in listed investments, except for those received awaiting investment.
Liquid funds in the unrestricted and restricted funds in excess of £100,000 are invested in managed listed investments. At the year-end £80,489 (2021: £92,009) was held, being £44,017 (2021: £14,163) unrestricted, £36,472 (2021: £52,893) restricted and £nil (2021: £24,953 ) endowment funds. The endowment funds held at the end of the previous year were invested with the Trust’s investment managers, details of which are shown in the financial statements in this report.
The trustees delegate the day-to-day management of the Trust’s listed investments, both unrestricted and endowment fund investments, to professional external investment managers. The Trustees set the investment strategy for the Scheme after taking advice from the Scheme’s Investment Advisers. The Trustees have put mandates in place with their investment managers which implement this strategy.
The Investment managers are remunerated by fees based on a percentage of funds under their management, prior to the quarterly distribution of dividends. There are no performance related fee arrangements.
Procedures and Policy for Grant Making
Subject to a proposal made to the board, formal applications have to be in writing and the trustees consult and receive advice from their external consultants. Grants are usually made in October/November each year but in cases of emergency and disasters grants are made at the appropriate time.
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
Statement of Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.
The Trustees believe that the charity is providing a benefit to the public through its support of local and international charities.
The Trustees confirm that they have complied with their duties under Section 17 of the Charities Act 2011 with regard to the public benefit.
Risk Assessment
The Trustees have assessed the charity’s exposure to major risks, in particular, those related to the operations and finance of the Charity. The Trustees are satisfied that systems are in place to mitigate exposure to major risks. External risks include the loss of funding and the effects of this have been minimised by the procedures in place, which have resulted in secured funding from a variety of sources.
The Charity continues to seek to diversify its funding sources. Internal risks are minimised by the implementation of procedures necessary to ensure the proper authorisation of all transactions and projects and consistent delivery of all operational aspects of the Charity. These procedures are reviewed periodically to ensure that they still meet the needs of the Charity.
ACCOUNTING AND REPORTING RESPONSIBILITIES
The Trustees are responsible for preparing financial statements for each financial year, which give a true and fair view of the St. Lazarus Charitable Trust’s financial activities during that year and of its financial position at the end of the year. In preparing those financial statements, the Trustees should follow best practice and:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that The St. Lazarus Charitable Trust will continue in operation.
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keep accounting records which disclose with reasonable accuracy at any time the financial position of The St. Lazarus Charitable Trust and enable it to ensure that the annual financial statements comply with the Charities Act 2011; and
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safeguard the assets of The St. Lazarus Charitable Trust and take reasonable steps for prevention and detection of fraud and other irregularities.
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
Statement of Trustees' Responsibilities and going concern
The accounts are not subject to statutory audit; therefore, a full statement of Trustees’ Responsibilities is not required. In preparing these financial statements, the Trustees are satisfied that they give a true and fair view of the Charity for the year and intend to continue on a similar basis for the current year.
Going concern
The Trustees confirm that the accounts are prepared on the going concern basis, having taken into account all relevant information for at least the next twelve months, about the future of the charity. In the Trustees’ view, there are no material uncertainties which may cast significant doubt on the ability of the Charity to continue as a going concern.
Independent Examiner
The Trustees appointed Mr G F Whiteside FCA of Ingalls, Chartered Accountants in Kendal as the Independent Examiner and confirm that he is reappointed until further notice.
This Report was approved by the Trustees on the 9[th] March 2023 and signed on their behalf by:
Roger Hirst KLJ Chair of Trustees
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
Statement of Financial Activities
The notes on pages 11 to 15 form part of these financial statements.
| Note | Unrestricted | Restricted | Endowment |
Total Funds | Total Funds | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds |
2022 | 2021 | ||
| £ | £ | £ | £ | £ | ||
| Incoming Resources | 3 | |||||
| Donations and legacies | 41,521 | 46,032 | 5,000 |
92,553 | 94,713 | |
| Investments | 15,976 | - | 2,523 |
18,499 | 18,204 | |
| Total Incoming Resources | 3 | 57,497 | 46,032 | 7,523 |
111,052 | 112,917 |
| Resources Expended | 4 | |||||
| Charitable Activities | 60,094 | 54,730 | - |
114,824 | 86,158 | |
| Governance Costs | 1,230 | - | - |
1,230 | 2,580 | |
| Total Resources Expended | 4 | 61,324 | 54,730 | - |
116,054 | 88,738 |
| Net Income/(Expenditure) before investment |
(3,828) | (8,698) | 7,524 |
(5,002) | 24,179 | |
| gains/(losses) | ||||||
| Gains/(Losses) on revaluation of Investment assets |
5 | 5,857 | - | (6,549) |
(693) | 46,278 |
| Gains/(Losses) on disposal of Investment assets |
(75) | - | (2,594) |
(2,669) | - | |
| Gross Transfers between | 33,437 | (7,104) | (26,333) |
- | - | |
| Funds | ||||||
| Net movement in Funds | 35,390 | (15,802) | (27,952) | (8,363) | 70,457 | |
| Reconciliation of Funds | ||||||
| Total Funds brought forward at 1stJanuary |
10 | 338,893 | 52,893 | 138,007 |
529,792 | 459,335 |
| Total Funds carried forward at 31st December |
10 | 374,283 | 37,091 | 110,054 |
521,429 | 529,792 |
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
Balance Sheet as at 31[st] December 2022
| Notes Fixed assets Listed investments 5 Current assets Debtors 6 Short term deposits 7 Cash at bank 7 Creditors:amounts falling due within one year 8 Net current assets/liabilities Total assets less current liabilities Creditors:amounts falling due after one year Total net assets or liabilities 9&10 Funds of the Charity 9&10 Endowment funds Restricted funds Unrestricted funds Total Funds |
Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2022 2021 £ £ £ £ £ 330,544 - 110,054 440,598 452,815 |
|---|---|
| 330,544 - 110,054 440,598 452,815 623 619 - 1,242 1,732 43,550 36,472 - 80,023 84,945 466 - - 466 7,064 |
|
| 44,640 37,091 - 81,731 93,741 900 - - 900 16,764 |
|
| 43,740 37,091 - 80,831 76,977 |
|
| 374,283 37,091 110,054 521,429 529,792 |
|
| - - - - - |
|
| 374,283 37,091 110,054 521,429 529,792 |
|
| - - 110,054 110,054 138,007 - 37,091 - 37,091 52,893 374,283 - - 374,283 338,893 |
|
| 374,283 37,091 110,054 521,429 529,792 |
The notes on pages 11 to 15 form part of these financial statements.
This Report was approved by the Trustees on the 9[th] March 2023 and signed on their behalf by:
Roger Hirst KLJ Chair of Trustees
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] DECEMBER 2022
1 ACCOUNTING POLICIES
1. Basis of Accounting
The accounts have been prepared on the basis of historic cost in accordance with:
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a) applicable accounting standards,
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b) the FRS 102 Charities SORP (The Financial Reporting Standard applicable in the UK and Republic of Ireland) (effective 1[st] January 2015) and
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c) the Charities Act 2011
2. Accounting policies
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a) The charity is registered with HMRC for Gift Aid, under reference number XR26112. Gift Aid claims are to be made on behalf of the charity for all relevant available years.
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b) Expenditure on grants is recognised once the Trust has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid, whichever is the earlier.
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c) Other expenditure is included in the accounts on an accrual’s basis.
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d) Unrestricted Funds are those which the trustees have power to distribute for the charitable purposes of the Trust and include the Designated Funds. The latter consist of amounts temporarily allocated by the trustees either for a specific purpose, or for purposes under consideration and are shown as individual funds within the accounts.
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e) Restricted Funds are those which have a restriction placed upon them by the original donor. Some funds are those raised by local supporters via their Commanderies, and/or by a general appeal by the Trustees of the Trust where specific requests have been made to support specific projects by the trustees. The remaining amounts which will be distributed in accordance with the donors' wishes.
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f) Endowment Funds are those of which the trustees have no power to apply the capital, but only the income arising therefrom, towards the charitable purposes of the Trust. These funds are currently invested in Newton Global Growth & Income fund managed BNY Mellon Fund Managers Limited.
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g) Investments are revalued as at 31[st] December annually at their market value and any gains or losses recognised in the accounts.
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h) Income from investments and interest are included in the accounts when received and when the amounts can be measured reliably.
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
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i) The Trust is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.
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j) The accounts have been produced on a accrual’s basis.
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k) No Trustee received any renumeration, reimbursement of expenses or benefits from the Trust.
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l) The Trust does not employ any person and therefore does not maintain a pension scheme fund.
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m) Debtors are reported when they are recognised and measured as to the amount recoverable or due to the Trust.
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n) Creditors are reported when they are recognised and measured at the amounts expected to be paid or payable by the Trust to a third party.
3. INCOMING RESOURCES
| a Voluntary income Donations Income tax recoverable b Investment income Dividends and interest Total incoming resources . RESOURCES EXPENDED a Charitable Activities Grants Administration costs Fund raising costs b Governance Costs Independent Examination Total Resources Expended |
TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ 38,554 40,386 5,000 83,941 84,804 2,967 5,646 - 8,613 9,909 41,521 46,032 5,000 92,553 94,713 15,976 - 2,523 18,499 18,204 57,497 46,032 7,523 111,052 112,917 TOTAL TOTAL Unrestricted Restricted Endowment FUNDS FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ 59,094 54,730 - 113,824 76,356 1,000 - - 1,000 1,645 - - - - 8,157 60,094 54,730 - 114,824 86,158 1,230 - - 1,230 2,580 1,230 - - 1,230 2,580 61,324 54,730 - 116,054 88,738 |
|---|---|
4. RESOURCES EXPENDED
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
| 5. FIXED ASSETS Listed Investments 2022 £ Market value 1stJanuary 452,815 Additions 29,953 Accumulation Dividends 1,051 Withdrawals (39,860) Gains/(Loss) on withdrawals (2,669) Net Gains/(Losses) and revaluation (693) Market value 31st December 440,598 6. DEBTORS 2021 £ Income tax recoverable 1,242 Prepayments and accrued income - Other debtors - 1,242 7. SHORT TERM DEPOSITS & CASH AT BANK AND IN HAND 2022 Current Assets £ Lloyds Bank – Cheque a/c 466 Lloyds Bank – Savings a/c 46,073 CCLA – COIF Deposit a/c 33,950 80,489 8. CREDITORS 2022 Creditors: amounts falling due within one year £ Deferred income - Accruals for utilities and other costs - Other creditors 900 900 |
2021 £ 404,239 - 2,298 - - 46,278 452,815 2021 £ 1,732 - - |
|
|---|---|---|
| 1,732 | ||
| 2021 £ 7,064 82,995 1,950 |
||
| 92,009 | ||
| 2021 £ - - 16,764 |
||
| 16,764 |
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
9. STATEMENT OF FUNDS
| Unrestricted Fund General fund Designated Funds World Leprosy Day 21 World Leprosy Day 22 DEC - Ukraine World Leprosy Day 23 |
Balance Income Expenditure Transfers, Balance 1 Jan other gains 31 Dec 2022 and losses 2022 £ £ £ £ £ 323,299 44,416 32,908 39,414 374,221 |
|---|---|
| 323,299 44,416 32,908 39,414 374,221 13,300 - 7,500 (5,800) - 2,294 7,014 12,894 3,586 - - 6,004 8,022 2,018 - - 63 - - 63 - - - - - |
|
| 338,893 57,497 61,324 39,218 374,283 |
The Designated funds are funds that the Trust has set aside for various projects. The World Leprosy Day funds for 2021 and 2022 and the DEC – Ukraine fund were all distributed during 2022 and those funds were closed before the 31[st] December. The World Leprosy Day 2023 fund will be distributed and closed during 2023.
Restricted Funds
| Restricted Funds | |
|---|---|
| Commandery Restricted Funds Aragon Avalon Cumbria John of Gaunt King Offa London & Westminster Mersey Rose d'Or Sussex The Marches Wales Other Restricted Funds Ruth Bowden Fund KO – WLD 22 Wa – WLD 22 Wa - Ukraine Warsaw Anglican Chaplaincy Centre Total Restricted Funds |
Balance Income Expenditure Transfers, Balance 1 Jan other gains 31 Dec 2022 and losses 2022 800 - - - 800 270 893 - (768) 395 681 1,716 1,500 (650) 248 - - - - - 1,164 4,789 1,060 (1,600) 3,294 745 500 - (500) 745 - - - - - - - - - - 2,807 1,530 2,400 (530) 1,407 755 1,318 100 (1,400) 572 2,297 6,085 6,125 (1,000) 1,257 |
| 9,519 16,831 11,185 (6,448) 8,717 43,374 - 15,000 - 28,374 - 1,456 - (1,456) - - 7,528 7,528 - - - 20,017 20,017 - - - 200 1,000 800 - |
|
| 43,374 29,201 43,545 (656) 28,374 |
|
| 52,893 46,032 54,730 (7,104) 37,091 |
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
The Commandery Restricted funds are under the control of the respective Commandery. The Ruth Bowden Fund Restricted fund is under the control of the Trust the funds being available for grants to East European countries and former Soviet states.
Endowment Funds
| Endowment Funds | |
|---|---|
| Endowment Fund | Balance Income Expenditure Transfers, Balance 1 Jan other gains 31 Dec 2022 and losses 2022 138,007 7,524 - (35,476) 110,054 |
| 138,007 7,524 - (35,476) 110,054 |
The Endowment Funds are the legacies of former members. As permanent endowment fund the Trust cannot expend the capital funds, although may use the income for charitable purposes.
| Consolidated Fund Summary Unrestricted Funds Restricted Funds Endowment Funds Total funds |
Balance Income Expenditure Transfers, Balance 1 Jan other gains 31 Dec 2022 and losses 2022 338,893 57,497 61,324 39,218 374,283 52,893 46,032 54,730 (7,104) 37,091 138,007 7,524 - (35,476) 110,054 |
|---|---|
| 529,792 111,053 116,054 (3,362) 521,429 |
10. SPLIT OF NET ASSETS BETWEEN FUNDS Analysis of Net assets by fund
| Investment fixed assets Current assets Current liabilities |
Unrestricted Restricted Endowment Total Total Funds Funds Funds Funds Funds 2022 2021 £ £ £ £ £ 330,544 - 110,054 440,598 452,815 44,640 37,091 - 81,731 93,741 900 - - 900 16,764 |
|---|---|
| 374,283 37,091 110,054 521,429 529,792 |
Annual report and financial statements – Year ended 31[st] December 2022
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St. Lazarus Charitable Trust
Independent examiner’s report to the trustees of The St. Lazarus Charitable Trust
I report to the trustees on my examination of the accounts of The St. Lazarus Charitable Trust (the Trust) for the year ended 31[st] December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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 giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do 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:
Name: Mr G F Whiteside FCA Date: 15[th] March 2023
Relevant professional qualification or membership of professional bodies (if any): FCA
Address: Ingalls Chartered Accountants Libra House Murley Moss Business Park Oxenholme Road Kendal Cumbria LA9 7RL
Annual report and financial statements – Year ended 31[st] December 2022
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