## **The Beale Trust** 

## **Report and Accounts Year ended 5 April 2021** 

West Lodge Park Cockfosters Road Hadley Wood Barnet Herts EN4 0PY 



## **THE BEALE TRUST ACCOUNTS** 

## **Receipts and Payments Account for the year ended 5 April 2021** 

|**RECEIPTS**<br>£<br>Bank interest<br>1<br>Donations<br>-<br>Dividends<br>46,871<br>Sale of investments<br>63,159<br>Total receipts<br>**PAYMENTS**<br>Charitable donations<br>13,500<br>Bank charges<br>102<br>Investment manager charges<br>1,168<br>Purchase of investments<br>88,523<br>Total payments<br>**SURPLUS/(DEFICIT) OF RECEIPTS**<br>**OVER PAYMENTS**<br>Bank balances brought forward<br>Bank balances carried forward<br>Balances with CAF<br>Balances with LGT Vesta|£<br>1<br>-<br>46,871<br>63,159|**2020 - 21**<br>£<br>110,031<br>103,293<br>6,738<br>7,622<br>14,360<br>11,184<br>3,176<br>14,360|£<br>4<br>40<br>10,059<br>88,099|**2019-20**<br>£<br>98,202<br>91,238|
|---|---|---|---|---|
||13,500<br>102<br>1,168<br>88,523||18,500<br>83<br>1,209<br>71,446||
||||||
|||||6,964<br>658|
|||||7,622|
|||||704<br>6,918|
|||||7,622|



1 



## **THE BEALE TRUST ACCOUNTS** 

## **Statement of assets and liabilities as at 5 April 2021** 

|Units<br>£<br>**MONETARY ASSETS**<br>Bank Account<br>**INVESTMENT ASSETS**<br>Beales Hotels Limited<br>9,166<br>(unquoted)<br>LGT Vestra:<br>Bonds<br>7,305<br>16,174<br>UK Equities<br>6,650<br>13,537<br>Overseas Equities<br>17,050<br>73,151<br>Absolute Return<br>5,633<br>22,633<br>Commodities<br>369<br>3,477<br>Cash Products<br>-<br>-<br>Cash<br>**Total Assets**<br>LGT Vestra Investment Account<br>LGT Vestra investments brought forward<br>Puchase of investments in year<br>Sale of investments in year<br>Investment gains/losses in year<br>LGT Vestra investments carried forward|£<br>16,174<br>13,537<br>73,151<br>22,633<br>3,477<br>-|**2020 - 21**<br>£<br>Units<br>11,184<br>824,940<br>9,166<br>5,108<br>3,175<br>12,087<br>5,958<br>-<br>4<br>128,972<br>3,176<br>968,272<br>80,402<br>88,523<br>63,159<br>-<br>23,206<br>128,972|£<br>9,473<br>10,983<br>41,981<br>17,514<br>-<br>451|**2019 - 20**<br>£<br>704<br>824,940<br>80,402<br>6,918|
|---|---|---|---|---|
||||||
|||||912,964|
|||||102,868<br>71,448<br>88,099<br>-<br>5,815<br>-|
|||||80,402|



## Notes: 

- Shares in Beales Hotels Limited valued at £90 per share being the valuation placed on these shares at the time of the most recent share transaction. 

2 



## **THE BEALE TRUST ACCOUNTS 2020 - 21** 

|**LGT Vestra Investment Account**<br>£<br>Total investments brought forward<br>Puchase of investments in year<br>Sale of investments in year<br>Gains in year<br>Total investments carried forward|£<br>80,402<br>88,523<br>63,159<br>-<br>23,206|
|---|---|
||128,972|





## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BEALE TRUST** 

I report to the trustees on my examination of the accounts of The Beale Trust ('the charity') for the year ended 5 April 2021. 

## **Responsibilities and basis of report** 

As the trustees of the charity, you are responsible for the preparation of the accounts. 

Having satisfied myself that the accounts of the charity are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

   - the accounts do not accord with those records; or 

- the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not matter considered as part of an independent examination; or 

   - the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

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. 

G D Franklin Chartered Accountant c/o  Hillier Hopkins LLP Chartered Accountants Radius House 51 Clarendon Road Watford Herts WD17 1HP 

1 September 2021