ANNUAL REPORT 2008 - Public Benefit & Risk Management

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TABLE OF CONTENTS

Chairman's Report
Our Values
Grant Making
Grants A - L
Grants M - Y
Achievements
Mental Health Grants
Monitoring/Evaluation
Education & Training
Property
Future Plans
Benefit & Risks
Financial Highlights
Income Fund
& Balance Sheet

Public Benefit

The Trustees have received information relating to the requirement in coming financial statements to show the Public Benefit of the work of the RPLC support of the local community in Richmond .

Risk Management

The Charity Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The Trustees consider variability of investment returns on the permanent endowment to constitute the charity’s major risk to its ability to support the voluntary sector in Richmond as all grant giving comes from the income received from the investments.

The Charity currently operates an income strategy rather than a total return approach in relation to investments. Trustees consider this to be the best approach in order to ensure that the Charity is able to offer a continuous service to this generation and to future generations in perpetuity.

Trustee Responsibilities & the Financial Statements

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the Trustees aim to:

• select suitable accounting policies and then apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in  
the financial statements;
 • prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations and the provisions of the Charity Scheme. The Trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 24 September 2008 and signed on their behalf by:

Jeff Harris
Chairman, RPLC