FERDINAND BECK FUND
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
CHARITY REGISTRATION NUMBER: 1005193

FERDINAND BECK FUND
CONTENTS
Page
Legal and Administrative Information
Trustees, Report
2to3
Statement of Trustees, Responsibillties
Report of the Independent Examiner to the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8tol8

FERDINAND BECK FUND
LEGAL AND ADMINISTRATIVE INFORMATION
Status:
The charity was established by Trust Deed in 1991 and is registered with the Charity Commission,
Number 1005193.
Principal address:
l Balmoral Road
Oakham
LE15 6RT
Trustees
Mrs Muriel Beck {Treasurer)
Mrs Mozhgan Sepahzad
The chariVs professional advisers are as follows:
Independent Examiner
G.R. Potton F.C.A.
2 Harestone Valley Road
Caterham
Surrey
CR3 6HB
Bankers
8arclays Bank PLC
Croydon I
North End
Croydon CR9 IRN
Solicltors
Parker Thomas
55-56 Lincoln's Inn Fields
London
WC2A 3LN
Investment Advisors:
Heath Cravhord Financial Services LLP
Cassiobury House
nd
2 Floor West
11-19 Station Road
Watford
WD17 IAP
Walker Crips Stockbrokers Limited
Member of the London Stock Exchange
Old Change House
128 Queen Victoria Street
London
EC4V 4BJ

FERDINAND BECK FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024
The trustees present their report along with the financial statements of the charity for the
th
year ended 5 April 2024. The financial statements have been prepared in accordance with
the Charities SORP IFRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)
(effective l January 20191,, the Financial Reporting Standard applicable in the United Kingdom
and Republlc of Ireland {FRS 102) and the Charities Act 2011.
Objectlve and activities for the publlc benefit
The objectlves of The Ferdinand Beck Fund ('the Fund'l are the furtherance of Jewish Individuals
and organisations In educatlon in secular subjects in the United Kingdom and elsewhere. The
trustees confirm that they have referred to the Charity Commission's guldance on public benefit
when reviewing the Fund's aims and objectives, in planning future activities, and setting the grant
making policy for the year.
The Fund furthers Its charltable purposes for the public benefit through its grant-maklng policy.
The activities of the Fund are open to, and for the benefit of, the public, mainly Jewish indlviduals
and organisations that are in position5 of some disadvantage or need. The furtherance of the
education of these individuals in their chosen fields benefits society as a whole, particularly in the
fields of medicine and the musical arts. To a lesser extent, donations made by the Fund to Jewish
humanitarian organisations benefit the public in the areas of health and welfare.
Structure. Governance and Management
The charity is constituted by Trust Deed. The day to day running of the Fund is carried out by the
Treasurer, Mrs Muriel Beck. Decisions affectin8 the running of the Fund are taken at Board of
Trustees level, and the trustees meet regularly to implement the decision-making process.
Achievements and Performance - Statement by the Treasurer
The aim of the fund has always been to support students with their education and development.
Throughout the year, despite the global upheaval, we have continued to support several students
with their ever-increasing cost of tuition fees, living expenses, etc. They have a considerable
financial burden to overcome as well as dealin8 With the academic demands. Many have moved
on to achieve success in their chosen careers after they have finished their education.

FERDINAND BECK FUND
TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
Trustees
The trustees are named on page l. Appointment of trustees is governed by the Trust Deed of the
charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising
through resignation or death of an existing trustee. When new trustees are appointed, they are
introduced to the work of the trust and provided with the information they need to fulfil their
roles, which includes information about the role of trustees and charity law. Existing trustees have
long experience of being a charity trustee.
Investment powers
The Trust Deed authorise5 the trustees to make and hold investments using the general funds of
the charlty. The Trust Deed requires the trustee5 to reinvest such proportion of the annual
income of the Fund as they think is necessary to maintain or increase the real value of the Fund.
Flnanclal review, risk management and reserves policy
The policy of the Fund is to maintain its investment in property and securities at a sufficlent level
to enable the Fund to make grants to students out of the income generated therefrom, without
depleting the asset base of the Fund. The trustees actively review the major risks which the
charity faces on a regular basis and believe that maintaining reserves at current levels will provide
sufficient resources in the event of adverse conditions. Therefore, the policy of the trustees
regardin8 the level of reserves, as set out in the Trust Deed, is to keep the admlni5tration expenses
of the charity to a minimum and to distribute no more than is necessary to at least malntain the
overall value of the Fund.
The financial results of the charity are set out in the Statement of Financial Activities on page 6.
The Fund recorded a net expenditure surplus of £68,398 {2023
net expenditure surplus of
£16,348) before other recognised gains and losses. Net assets of the Fund decreased from
£2,808,147 at the previou5 year end date to £2,680,623 at 5 April 2024.
Signed on behalf of the board of trustees
Mrs Muriel Beck
Treasurer and Trustee
Mrs Mozhgan Sepahzad
Trustee
Dated:

FERDINAND BECK FUND
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The charity trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards {United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare
financial statements for each year which give a true and fair view of the state of the charity and of
the incoming resources and application of resources, of the charity for that period. In preparing
the statement, the trustee5 are required to:
select suitable accounting policies and then apply them consi5tently'
observe the methods and principle5 in the applicable Charities SORP,.
make judgements and estimates that are reasonable and prudent,"
state whether applicable accounting standard5 and statement5 of recommended practice
have been followed, Subject to any material departure5 disclosed and explained in the
statement of accounts;
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity wlll continue its operations.
The trustees are responsible for keeping proper accounting records which disc105e with
reasonable accuracy at any time the financial position of the charity at that time and to enable the
trustees to ensure that the financial Statements comply with the requirements of the Charities Act
2011, the applicable Charities (Accounts and Report5) Regulations, and the provisions of the Trust
deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF
FERDINAND BECK FUND (REGISTERED CHARITY NUMBER 1005193)
I report on the accounts of the Trust for the year ended 5 April 2024, which are set out on
pages 6 to 18.
Respective responsibllities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not required for thi5 year under section 144 of the
Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility:
to examine the accounts (under section 145 of the 2011 Act),.
to follow the procedures laid down in the General Directions given by the Charity
Commission (under section 145(5) of the 2011 Act), and
to state whether particular matter5 have come to my attention.
Basls of Independent examiner's report
My examination was carried out in accordance with the General Directions given by the
Charity Commission, An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts, and seeking explanations
from you as trustees concerning any such matters. The procedures undertaken do not
provlde all the evidence that would be required in an audit and, consequently, no opinion is
given as to whether the accounts present a 'true and fair view, and the report is limited to
those matters set out in the statement below.
Independent examlner's statement
In connection with my examlnation, no matter has come to my attention..
{1) which give me reasonable cause to believe that in any material respect the
requirements:
to keep accounting records in accordance with Section 130 of the 2011 Act, and
to prepare accounts which accord with the accounting record5 and comply with
the accounting requirements of the Charities Act have not been met, or
(21 to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
G R Potton F.C.A.
G.R. Potton & Co.
Chartered Accountants
2 Harestone Valley Road
Caterham
Surrey CR3 6HB
Dated..

FERDINAND BECK FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Note
2024
2023
INCOME
Investment income
70,723
73,828
EXPENDITURE
Loss on disposal of tangible assets
Raising funds
Charitable activities
Governance and Support cost5
Bad debt
14,555
102,100
7,464
15,000
7,067
42,250
8,163
Total expendlture
139,121
57,480
Net (expendlture)/lncome before
losses/galns on Investments
{68,3981
16,348
Net {losses) on investments
(59,126)
(7,987)
Net expenditure/lncome
{127,524)
8,361
Net movement In funds
(127,5241
8,361
Reconciliation of funds
Total funds brought forward
2,808,147
2,799,786
Total funds carried forward
2,680,623
2,808,147
There were no movements on restricted funds during the year
The note5 on pages 8 to 18 form part of these financial statements.

FERDINAND BECK FUND
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
Flxed assets
Tangible assets
Investment properties
Other fixed asset investments
80,102
2,295,000
418,971
li
2,295,000
349,535
12
Total fixed assets
2,644,535
2,794,073
Current Asset5
Debtors
Cash at bank and in hand
13
805
47,155
15,805
34,745
Total current assets
47,960
50,550
Credltors- amounts falllng due wlthin
one year
14
111,872)
136,476)
Net Current assets
36,088
14,074
Total net assets
2,680,623
2,808,147
The funds of the charity
Total charity funds - unrestricted funds
2,680,623
2,808,147
Signed on behalf of the Board of Trustees.
Mrs Muriel Beck
Treasurer and Trustee
Mrs Mozhgan Sepahzad
Trustee
Date ofapproval S& I￿25
The notes on page 8 to 18 form part of these financlal statements

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
l. Accounting Policies
The following accounting policies have been used consistently in dealing Wlth items whlch are
considered material in relation to the charity's financial statements.
Basis of preparation and assessment of golng concern
The financial statements have been prepared under the historical cost convention with items
reco8nised at cost or transaction value unless otherwise stated in the relevant notes to these
financial statements. The flnancial statements have been prepared in accordance with the
Charitles SORP (FRS 1021 'Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard appllcable in the UK and Republic of Ireland {FRS 1021 (effective l January 2019),, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and the Charities Act 2011.
The Fund constitute5 a public benefit entity as defined by FRS 102.
The trustees conslder that there are no material uncertainties about the Fund's abillty to continue
as a goin8 concern, The m05t significant areas of adjustment and key assumptions that affect
items in the financial statements are to do wlth establishing fair values for the Fund's investment
properties.
Flnanclal Reporting Standard 102 - reduced disclosure exemptions
In preparing these financial statements, the Fund has taken advantage of the disclosure exemption
with regard to the need to prepare a Statement of Cash Flows, as permitted by FRS 102.

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 {CONTINUED)
Funds structure
The Fund has no restricted or permanent endowment funds, and all of the funds available to the charity are
unrestricted.
Income recognitlon
All income is recognised once the charity has entitlement to the income, it is probable that the income will
be received and the amount of income receivable can be measured reliably.
Donations are recognised when the Fund has been notified in writing of both the amount and settlement
date. In the event that a donation is Subject to condltions that require a level of performance before the
charity is entitled to the funds, the income is deferred and not recognised until either those conditions are
fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable
that those conditions will be fulfilled in the reporting period.
Rental income from investment properties 15 accounted for on an accruals basis.
Divldends and other income from quoted investments are recognised once the dividend or other income
has been declared and notification has been received of the income due.
Expendlture recognltlon
Liabilitles are recognised as expenditure as soon as there is a legal or constructive obligation com mitting
the charity to that expenditure, it is probable that settlement will be required, and the amount of the
obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
Costs of raising funds
The costs of raising funds include property and investment related expenditure includin8
professional fees, insurance costs and property repairs and maintenance.
Charltable artlvities
Expenditure on charitable activities includes grants paid to students, other expenses incurred on
behalf of students and donation5 made to organisations in accordance with the charity's objectives.
Governance and support costs
Governance and support costs include the independent examiner's fees, other professional fees,
and general administration overheads. As there is no meaningful way of apportioning or allocating
governance and support costs to the other expenditure calegories, these costs are shown
separately on the face of the Statement of Financial Activities.

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write down the cost or valuation, less
estimated residual va lue, of all tangible fixed assets, with the exception of rn usical instruments, by equal
annual instalment5 over their expected useful lives, as follows:
Office equipment, fixture5 a nd fittings
Motor vehicle
3 years
4 year5
Office equipment, fixtures and fittings and the motor vehicle have all now been scrapped.
Musical instrument5 purchased by the charity for use by students are not depreciated and have been
shown In the balance sheet at their fair value5.
The musical instrument5 have now been donated to students or former students.
Fixed asset investments
Listed Investments
Listed investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at their fair value as at the balance sheet date using the closlng quoted
market price.
The Fund does not acquire derivatives or other complex financial instruments.
The main form of fina ncial risk faced by the charity is that of volatility in equity markets and investment
markets due to wider economic conditions, the attitude of investors to investment rlsk, and changes in
sentiment concerning equities and within particular sectors or sub sectors.
io

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
Investment properties
Certain of the charity's properties are held for long-term investment and are included in the
Balance Sheet at their fair values. The surpluses or deficits on periodic revaluation of such
properties are shown as a recognised gain or loss for the period in the Statement of Financial
Activities, Depreciation is not provided in respect of freehold investment properties. This policy
represents a departure from statutory accounting principles, which require depreciation to be
provided on all tangible fixed assets. The trustees consider that thi5 pollcy is necessary in order
that the flnancial statements may give a true and fair view because current values and changes in
current values are of prime importance rather than the calculation of systematic annual
depreciation. Depreciation or amortisation is only one of many factors reflected in the annual
valuation and the amount which might otherwise have been shown cannot be separately
identified or quantified.
In respect of this departure from statutory accounting principles..
the trustees have concluded that the financial statements present fairly the Fund's financial
posltion and performance,.
a true and fair override has been used to apply the Charity SORP {FRS 102) under the Charities
(Accounts and Reports) Regulations 2008,.
the Fund has complied with FRS102, the SORP or applicable legislation, except that is has departed
from a particular requirement of this FRS, SORP or other applicable legislation to the extent
necessary to give a true and fair view,-
failure to adopt this accounting treatment would be so misleading in the circumstances that it
would confllct with the objective of financial statements set out in Section 2 of FRS 102.
Realised gains and losses
All gains and losses are taken to the statement of Financial Activities as they arise. Reallsed gains and
losses on investments are calculated as the difference between sale proceeds and their opening carrying
value or their purchase value if acquired on or subsequent to the first day of the financial year. Unrealised
gains and losses are calculated as the difference between the fair value at the year end and their carrying
value. Realised and unrealised investment gains are, combined in the Statement of Financial Activities.
Taxatlon
No provision has been made for corporation tax or deferred tax as the charity is a registered charity and is
therefore exempt.
The Fund cannot reclaim Value Added Tax, and the expenses in these financial statements are therefore
stated inclusive of Value Added Tax where appropriate.
Foreign currencies
Assets and liabilities on foreign currencies are translated in sterling at the rates of exchanges rulinE at the
balance sheet date. Tra nsactions in foreign currencies are translated into sterling at the rate of exchange
ruling at the date of transaction. Exchange differences are taken into account as a component of net
income.
11

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
2. Investment Income
2024
2023
Rental Income from investment properties
Dividends received from listed investments
Interest received and other investment income
59,800
10,923
65,558
6,327
Investment income arose as follows:
Investment assets situated in the United Kingdom
Investment assets Situated outside the United Kingdom
70,723
73,828
3. Costs of raising fund5
2024
2023
Property repairs, maintenance and insurance
4. Charitable Artivitie5
2024
2023
Gifts and Grants given to individuals
Other charitable expenditure
101,100
42,000
250
102 100
The grants paid to individuals are primarily made to assist with the cost of students, education
and training, and include tuition fees, ancillary costs such as books and computers, and assistance
with day to day expenses such as accommodation, travel and subsistence.
5. Governance and Support Costs
2024
2023
Legal fees
Independent examinerfs fees
Travel, subsistence, motor and general
administrative expenses.
(872)
5,400
(175)
5,400
6. Net Expenditure/income
The net income/expenditure is stated after charging:
2024
2023
Independent examiner's fees
12

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
7. Staff costs and trustees, expenses
No remuneration was paid to trustees in the year, and no staff were employed by the
Fund during the year. Expenses were reimbursed to the trustees as follows:
2024
2023
Travelling, administrative and property
maintenance expenses
Number of trustees to whom expenses were reimbursed
8. Gains/{losses) on investments
The following unrealised gains/llosses} in respect of listed investments and
investment properties were recorded following their revaluation..
2024
2023
Unreali5ed (losses) on revaluation
of listed investments
Realised losses on revaluation of listed investments
Total losses
156,970)
17,987)
13

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
9. Tanglble fixed assets
Office
equipment
fixtures and
fittings
Musical
instruments
(Note 10)
Motor
Vehicles
Total
Cost or valuation
At 6 April 2023
Disposals
80,100
(80,100)
7,650
(7,650)
3,897
91,647
(3,8971 {91,647)
At 5 Aprll 2024
Depreclation
At 6 April 2023
On disposals
7,648
{7,648)
3,897
11,545
(3,897) (11,545)
At 5 April 2024
Net book value
At 5 Aprll 2024
At 5 April 2023
80,100
80,102
14

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 {CONTINUED)
10. Muslcal instruments
Fair valve
Historical cost
At5
At5
April
2023
At5
April
2024
At5
April
2023
April
2024
Cello by Charles Adolphe Maucotel,
made in 1847
Flute
80,000
100
51,888
91
80,100
51,979
The trustees transferred the ownership of the Fund's musical instruments to their principle users
and deemed such transfers to be in keeping with the original objectives of the Trust.
11. Investment Properties
Freehold
and
leasehold
land and
buildlngs
Fair value
At 5 April 2024
2 295 000
At 5 April 2023
2 295 000
Hlstorlcal cost
At 5 April 2024
1867 921
At 5 April 2023
1867 921
15

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
11. Investment Properties {contlnued)
The freehold and leasehold investment properties are stated at C05t or trustees, valuation as at 5
April 2024, supported by advice from a qualified estate agent in the area.
The properties are as follows:_
Fair value
Name of property
Historical cost
At5
At5
April
April
2024
2023
At5
April
2024
At5
April
2023
Freehold properties:
57 Bowens Wood, Addington,
Croydon CRO 9LQ
410,000
410,000
240,525
240,525
191 Osward, Court Wood Lane,
Croydon CRO 9HF
390,000
390,000
346,970
346,970
143 Middlefields, Croydon, CRO 9U
390,000
390,000
357,080
357,080
5 Fairacres, Bardolph Avenue,
Croydon CRO 9JY
390,000
390,000
382,487
382,487
12 Fairacres, Bardolph Avenue,
Croydon, CRO 9JY
390,000
390,000
370,298
370,298
Leasehold property:
12 Holmbury Grove, Addington,
Surrey, CRO 9AN
325,000
325,000
170,561
170,561
£2,295,000 £2,295,000 £1,867,921 £1,867,921
16

FERDINAND BECK FUND
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
12. Flxed asset Investment
2024
2023
Trustees ' estimated Market value at 6 April 2023
Additions
Disp05als
Net unrealised investment losses/gains
418,971
2,534
(15,000)
426,959
Trustees, estimated Market value at 5 April 2024
349 535
418 971
Listed investments are represented by:
Equity shares
Investment trusts and unit trusts
Total
75,152
274 383
349 535
90,964
328 007
418 971
The investments are held primarily to provide an investment return for the charity and to malntaln
or increase the value of the funds of the charity, to enable it to pursue its charitable objectives.
13. Debtors
2024
2023
Tax Credit Relief on investment income
Other debtors
805
805
805
14. Creditors.. amounts falllng due withln one year
2024
2023
Accrued expenses
Amount owed to trustee Mrs M C Beck (Note 15)
10,800
10,800
17

FERDINAND BECK FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024 (CONTINUED)
15. Transactions with trustees
During the year ended 5 April 2008 the charity purchased a leasehold investment property from
Mrs M Beck for £170,000, The agreed price for the property was substantially below open market
value and the property was revalued by the trustees to open market value of £197,000 in the
accounts for the year ended 5 April 2008. The property has since been revalued to its current
estimated market value of £325,000.
In consideration for selling this property to the Fund at substantial undervalue and surrendering
the benefit of potential future increases in the value of the property to the Fund, the trustees have
authorised the continuing occupation of the property rent-free by a close relative of the founder
of the Fund, Ferdinand Beck, to whom Mrs M Beck was married until his death in 1999.
Mrs M Beck provides the use of her own property to the Fund free of charge.
Mrs M Beck provides her services as Treasurer and Trustee to the Fund free of charge.
As at 5 April 2024 the Fund owed Mr5 Beck £1,072 (2023 - £25,674) in respect of expenditure
which Mrs Beck has personally incurred in respect of property maintenance and repairs relatingto
Fund properties. The amounts due are interest free and repayable on demand.
16. Other related party transactlons
During the year the Fund made grant5 or provided financial support to the followlng indlviduals
who are related parties of the Fund, being close family members of trustees of the Fund.
Trustees
connected with
Name
Relationship
to trustee
2023
2024
J R Hewitt
M Sepahzad
Grandson
5,000
6,000
A Kirk
S Kirk
MCBeck
Son
Grandson
6,000
B Kirk Emes
S Kirk
MCBeck
Son
Grandson
6,000
A Atkin50n
F Atkinson
S Whitebloom
S Whitebloom
Son
Son
15,000
3,000
35,000
6,000
17. Capltal expendlture commitments
As at 5 April 2024, the Fund had no capital commitments (as at 5 April 2023- nil)
18