The Beecher Charitable Trust Registered Charity no:1033792 Unaudited Accounts for the year ended 30 September 2024 Wenn Townsend Chartered Accountants Oxford The Beecher Charitable Trust Report and Accounts For the year ended 30 September 2024 Contents Page Referen￿ and Administrative Details Trustees Report Independent Examiners Report statement of Financial Activities Balance Sheet Notes to the Accounts 6and7 The Beecher Charitable Trust Reference and Administrative Details The Trustees are: Christopher Bancroft Turton Christopher Mrchael Webb John Reginald Nason Georgina Suzanne Forbes Secretary to the Trustees: Kayleigh Rowe Registered Office: Harmiell plc Wootton Business Park Besselsieigh Road Wootton OX13 6FD Independent Examlner. Andrew Rodzynski FCA Wenn Townsend Chartered Accountants 30 St Giles Oxford OX13LE Bankers: Barclays Bank PLC 4th Floor Aw Plaza Forbury Road Reading RG11AX Investment Managers: Schroder Investment Management Ltd 31 Gresham Street London EC2V 7QA The Beecher Charitable Trust Trustee's Report for the year ended 30 September 2024 The Trustees a￿ pleased to present their report together wlth the accounts for the year to 30 September 2024. Structure, Governance and Management The Trust was established by Trust Deed under the temis of the will of the late Mrs Bertha Francis Beecher who dled on 14 June 1993. The Trust was registered as a Charity by the Charity Commission on 23 February 1994 as regIste￿d Charity number 1033792. Trustees are briefed on their legal obligation under Charity law, the content of the Trust Deed, the decision making process, and the recent financial perfo￿anCe of the Charity. Trustees are encouraged to attend appropriate training events when these will facilitate the undertaking of thelr role. The trustees recruSt new trustee(s) for their experlenc8, empathy and knowledge of the charity and to keep the skills and composition of the trustee body and succession planning under revlew. ObJectlves and Actlvttles for the Publlc Benoflt The Tru5lees hold the capital and Income of the Trust Fund upon trust to apply the income and such part of the capital as they see fit, for the purpose of rellevSng poverty, hardshlp or dlstress. The Beneficiaries are such persons who are or have been employees of the Hartwell Group of Companies and thelr spouses, ¢hlldren and other dependanls. The Trustees, confinn that they have pa5d due regard to the charty commlsslon's guldance on public benefit In decidlng what activ[￿eS the charlty should undertake. Achlevements and Performance During the year. the Trustees made 1 (2023.2) speclfic indlvldu81 grants to relleve hardshlp for pensloners or qualifying beneficlarles. In addition, the Trustees decided to make a payment to all pensioners who satisfied certain ag8 and earning criterla at Christmas. This was intended to provide help to the most needy pensioners at this most costly tlme of the year and was paid to 234 (2023.'234) of the pensloners In January 2024. Flnanclal Revlew The trustees are anxious to 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 frorn investment capital. The grants made will usually come from the income derlved from these investments. The Trustees do however resepie the right to make grants from the investments if the circumstances require this. Plans for Futuro Perlod8 The Trustees remain eager to encourage requests for grants and to thls end contlnu8 to publicise Its aims within Hartwell and to the members of the Hartwell Penslon Plan (1971). The criterla for the general grant will be kept under review and will be adjusted to take account of cash fijnds available and to ensure they keep pace, as far as possible, wlth inflatlon. Accounts The trustees confirm that the accounts comply with current statutory requirements and with the requirements of the chari￿s governing document. The trustees Gonsider that the charity will be able to operate for at least 12 months from the signing date of the accounts. Approved by the board of Trustees on .. 2.3.1. 0.4.1 .2025 and signed on Its behalf by.. Trustee C B Turton The Beecher Charitable Trust Independent Examlnerfs Report to Tho Trustees of The Beecher Charitable Trust I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2024, which are set out on pages 4 to 7. Responslbllltles and basls of report As the charity's trustees you a￿ 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 charity's accounts carried out under section 145 of the Act and In carrylng out my examination I have followed all the applicable Directions glven by the Charity Commission under section 145(5){b) of the Act. Indopendent Examinevs 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: 1. Accounting records V￿re not kept in respect of the charlty 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 con￿mIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulattons 2008 other than any requirement that the accounts give a 'twe 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 connectlon wlth the examlnatlon to which attention should be drawn In thls report In order to enable a proper understanding of the accounts to be reached. Andrew Rodzynski FCA Fellow of the Institute of Chartered Accountants in England and Wales Partner, Wenn Townsend Chartered Accountants Oxford 24 July...2025 The Beecher Charitable Trust statement of Financlal Actlvltles for the year ended 30 September 2024 Notes 2024 Total Funds 2023 Total Funds Ineome Incomo from generated fund8: Invostment Income.. Dividends receNed Interest received 82,824 4.613 156,331 1,320 Total Income 87.437 157,651 Expendlture Charltsbl8 actfvitles Grants paid to individuals 34,142 35.259 Governance c08ts Bank charges Independent examination Other charges 120 1,140 86 67 900 Total expondlture 35,487 36,226 N•t Incomel(expondlture) before other recognlsed I10s8e8)Igalns 61.950 121,425 Gainsl(Losses) on investment assets 216.677 212,368 Net movements In fund8 268.627 333.793 Fund balances bought forward 2,130.241 1,796,448 Fund balances carrled forward The notes on pages 6 and 7 form part of these accounts The Beecher Charitable TNst Balance Sheet as at 30 September 2024 Notes 2024 2023 Flxed Assets Investrnents 2,029,892 1,813,215 Current Assets Cash at bank 374.646 325,995 Current Llabllltle8 (5.670) (8,969) Net Current Assets 368,976 317,026 Net A880ts Funds Unrn8trlcted funds The financial statements have been prepared In accordance with Accountlng and Reportlng by Char5ties: Statement of Recommended Practice applicable to tharities p￿Paring their accounts in accordan￿ with the Financial Reporting standard applicable in the UK and Republlc of Ireland (FRS 102) (effeGtive 1* January 2019). Approved by the Board of Trustees on .. .Islo?I . 2025 and signed on its behaff by: Trustee C B Turton The notes on pages 6 and 7 fom) part of these accounts. The Beecher Charitable Trust Notes to the Accounts for the year ended 30 September 2024 1. Accounting pollcle$ Basis of accountlng The accounts have been prepared under the historic cost convention, as Modified by revaluation of fixed asset investrnents, and in accordance with AcLounting and Reporting by Charities.. Ststement of Recommended Practice appltcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102} (effective 1 ST January 2019). the Financial Reporting Stsndard applicable in the UK and the Republic of Ireland {FRS 102) (effective 1* January 2015), and the Charities Act 2011 and applicable regulations. The Beecher Charitable Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction. Preparatk>n of accounts on a golng conc•m bas18 The Trustees consider that the principal uncertainty regarding going concem relates to the perfomiance of the investments. The Trustees budget to mitigate that risk. The trustees consider that there are no material uncertainties in relation to the going concem of the charlty. Income Income Is Included in the accounts when the Charity Is entltled to the income and Ihe amount can be quantified with reasonable accuracy. Expendlture Charitable expendlture consists of grants payable in the year to Indlvlduals for the relief of hardshlp. Govemance costs Include those costs assodated wlth meetlng the constitutional and statutory requirements of the Charity. Expenditure Is recognised induslve of Irrecoverable VAT, when there Is a legal or constructlve obligation committing the Charity to the expenditure, it is probable that settlement will be requlred and the amount of the obligatSon can be measured reliably. Flxed asset Inv•gtsn•nts Investments are ststed at market value. Unrealised gains and losses arising from the revaluation of the portfolio are induded in the Statement of Flnancial Activities for the year. Fund accountlng Unrestricted funds consist of a general fund which the trustees may use for the furtherance of the oty'ects of the Chaiity at their discretion. Debtor8 and Credftors Debtors and creditors recelvable or payable within one year are recognised at transaction prtce. Any losses arising from impainnent are recognlsed in expendlture. 2. Charitable expenditure 2024 2023 Specific grants to l (2023.2) Indlvkluals General grants£hrlstmas hardshlp grants-234 individuals (2023.2341 Unbanked Chrlstmas hardship grnnts 312 38.610 1,979 35,100 (4,7801 {1,820) The Beecher Chaiitable Trnst Notes to the Accounts (contlnued) for the year ended 30 September 2024 3. Flxed Asset Investments 2024 2023 Listed Investments hlarket value at 1 October 2023 Increasel(Decrease) In market value in y•ar 1.813,215 216,677 1,600,847 212,368 Pllarket value at 30 Septsmber 2024 Hlstorfc cost at 30 September 2024 4. Current Llabllitles Independent examiners, fees Christmas hardship grants Other creditors 2.040 3,630 900 ,5,490 2,579 5. Trustees. Remuneratlon and Expenses The Trustees did not receive any remuneration In the year (2023: nil). No Trustee was reimbursed for expenses during the current year (2023: nll). 6. Related party transactlons There were no related party transactions to disdose for the current or preceding year.