The Beecher Charitable Trust Registered Charity no:1033792 Unaudited Accounts for the year ended 30 September 2023 Wenn Townsend Chartered Accountants Oxford
The Beecher Charitable Trust R&port and Accounts For the year ended 30 S#ptember 2023 Contents Page Reference and Adminislralive Details Trustees Report Independent Examiners Report Statement of Financial Ath'wlies Balance Sheet Notes to the Accounts 6and7
The Beecher Charltable Trust Reference and Administralive Details The Trustees are: ChTislopher Bancroft Turton Christopher Michael Webb John Reginald Nason Georgina Suzanne Forbes Secretary to the TnJstèes- Kayleigh Rowe Registered Office.. Hartwell plc Wootlon Business Park Besselsleigh Road Woollon OX13 6FD Independent Examlner.. Andrew Rod2yn5ki FCA Wenn Townsend Chartered Accountants 30 St Giles Oxford OX1 3LE Bankers- Barclays Bank PLC 4th Floor Apex Plaza Forbury Road Reading RG1 1AX Investment Managors.. S¢hroder Investment Management Ltd 31 Gresham Street London EC2V 7QA
The Beecher Charitable Trust Tnjstee's Report for the year ended 30 September 2023 The Trustees are pleased to present their report together rith the accounts for the year lo 30 September 2023. Structure, Governance and Management The Trust was established by Trust Deed under the terms of the will ol the late Mrs Bertha Francis Beecher who died on 14 June 1993. The Trust was registered as a Charity by the Charity Commission on 23 February 1994 as registered Charity number 1033792. Trustees are briefed on their legal obligation under Charity law, the ¢onlent of the Trust Deed, the decision making process, 2nd the recent financial performance of the Charity. Trustees are encouraged lo attend appropriate training events when these will facililale the undertaking of their role. The Iruslees recruit new trusleelsl for their experience, empathy and knowledge of the Charity and lo keep the skills and composition of the trustee body and su¢¢ession planning under review. Objectives and Activities for the Public Beneftt The Trustees hold the capital and income of the Trust Fund upon trust lo apply the income and such part of the capital as they see fil, for the purpose of relieving poverty, hardship or distress. The Beneficiaries are such persons who are or have been employees of the Hartwell Group of Companies and their spouses. children and other dependanls. The Trustees, confirm that they have paid due regard lo the ¢harily commission's guidance on public benefrt in deciding what activities the charity should undertake. Achievements and Performance Dunng the year, the Trustees made 212022',01 specific individual grants lo relieve hardship for pensioner5 or qualifying beneficiaries. In addition, the Trustees decided lo make a payment to all pensioners who satisfied certain age and earning criieria at Christmas. This was intended lo provide help lo the most needy pensioners al this most costly lime of the year and was paid to 23412022.'2301 of the pensioners in January 2023, Financial Review The Iruslees are anxious lo preserve the existence of the Trust Fund which was created by the bequest from Mrs Beecher_ As the only income is from the investment of funds, the Trustees will not, in normal circumstances make grants from investment capital The grants made will usually come from the income derived from these investments. The Trustees do however reserve the right lo make grants from the investments if the circumstances reouire this. Plan5 lor Future Periods The Trustees remain eager lo encourage requests for grants and to this end continue to publicise its aims Mrilhin Hartwell and to the members of the Hartwell Pension Plan119711. The criteria for the general grant will be kept under review and will be adjusted lo lake account of Cash funds availabEe and lo ensure they keep pa, as far a5 possible, with inflation. Accounts The Iruslees confirm that the accounts comply with ¢urrenl stalulory requirements and with the requirements of the Gharity's governing document. The charity's operations have beon unaffected by COVID and the trustees consider that the charity will be able lo operate for al least 12 months fr(xn the signing date of the accotjnls. Approved bylheboard ofTrusleeson..................... .2024 and signed on its behalf by. Trustee C B Turton
The Beecher Charitable Trust Independent Examinerfs Report to Thè Trustees of The Beecher Charitable Trust I report lo the charity Iruslees on my examination of the accounts of the charity for Ihg year ended 30 September 2023, which are sel out on pages 410 7. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accord8nce with the requirements of the Charities Act 2011 {'Ihe Act'}. I report in respe¢l of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the Act. Independent Examlner's Statement I have completed my examination. I confirm that no material matters have Come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. 1. Accounting records were not kept in respect of the charity as required by section 130 of the Act.. or 2. The accounts do not accord with those records.. or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the ac¢ounls 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 th8 examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Andrew Rodzynski FCA Fellow of the Inslilule of Chartered Accountants in England and W8ies Partner, Wenn Townsend Chartered Accountants Oxford .2024
The B6ècher Charitable Trust Statement of Financial Activities for the year ended 30 September 2023 Notes 2023 Totsl Fullds 2022 Total Funds Income Income from generated funds.. Investment income.. Dividends received Interest received 156,331 1,320 89,687 73 Total Income 157,651 89.760 Expenditure Charltable activities Grants paid to individuals 35,259 27,950 Governance costs Bank charges Independent examination Other charges 67 900 113 1,020 Total expendlture 36,226 29.083 Net incomellexpanditure) before other recognised Ilossesllgains GainsllLossesl on investment assets 121,425 40,677 212.368 1185,4511 Net movements in funds 333,793 1144,7741 Fund balan¢es bou9hl forward 1,796,448 1,941,222 Fund balances carried forward The notes on pages 6 and 7 forni part of these accounts
The Beecher Charitable Trust Balan¢e Sheèt as at 30 September 2023 Notes 2023 2022 Fixed Assets Investments 1,813.215 1,600,847 Current Assets Cash al bank 325,995 202,111 Current Liabilities 18.9691 16.5101 Net Current Assets 317,026 195,601 Net Assets Funds Unrestricted funds The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iielarid IFRS 1021 leffective 151 January 20191. Approved by the Board of Trustees on .... 2024 and signed on its behalf by". .Truslee C B Turton The notes on pages 6 and 7 fom part of these accounts.
The Beecher Charitable Trust Notes to the AGGounts for the year ènded 30 September 2023 1. Accounting policies Basis of accountSng The a¢counls have been prepared under the historic cost convention, as modified by revaluation of fixed asset investments, and in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harrtie5 preparing their accounts in accordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1sr January 20191, the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021 leffeclive 151 January 20151, and the Charities Act 2011 and applicable Tegulalions. The Beecher Charitable Trust meets the definition of a public benefit enlty under FRS102. Assets and liabilities are initially recognised al historical cost or Iransaclion. Preparation of accounts on a going concern basis The Trustees consider that the principal nrtainlY regarding going Concern relates lo the perfotmance of the investments. The Trustees budget to mitigate that risk. The trustees ¢onsidei that there are no material uncertainties in relation lo the going ¢onGem of the charity. Income Income is included in the a¢counls when the Charity is enlilled lo the income 8nd the amount can be quantifi'ed with reasonable Sccuracy. Expenditure Charitable expenditure consists of grants payable in the year to individuals for the relief of hardship. Govemance costs Include those costs associated with m&ting the constitutional and slalutory requirements of the Charity. Expenditure is recognised inclusive of irrecoverable VAT, when there is a legal or conslruclive obligation Committing the Charity to the expenditure. it is probable that settlement wll be required and the amount of the obligation can be measured reliably. Fixed asset investments Investments are stated al market value. Unrealised gains and losses arising from the revalLJalion of the portfolio are included in the Slalement of Financial Activities for the year. Fund accounting Unrestricted funds consist of a general fund which the trustees may use for the furtherance of the objects of the Charity at their diserelion. Deblors and Creditors Debtors and creditors receivable or payable within one year are recognised al transaction price. Any losses arising from impaimient are recognised in expenditure. 2. Charitable expenditure 2023 2022 Speclfic grants to 212022.'01 individuals General grants£hrlstmas hardship grants-234 individuals12022..2301 Unbanked Christmas hardship grants 1,979 35.100 29,900 {1,8201 {1,9501 The Beecher Charitable Trust
Notes lo the Accounts Icontinuedl for the year ended 30 Septèmber 2023 3. Flxed Asset Investments 2023 2022 Llsted investments Market value at l October 2022 Increasel{Decreasel in markèt value in year 1,600,847 212,368 1,786,298 1185,4511 Market value at 30 September 2023 LfiQO Histori¢ Cost at 30 September 2022 4. Current Liabilities Independent examiners, fees Christmas hardship grants Other ¢redilors 900 5,490 2.579 900 .4,290 1,320 5. Trustees. Remuneration and Expense5 The Trustees did not receive any remuneration in the year12022.' nill. No Trustee was reimbursed for expènses during the current year12022.' nill. 6. Related party transactions There were no related paty transactions lo disclose for the current or preceding year.