2024-12-31-accounts - Beaconsfield Church Educational Charity

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BEACONSFIELD CHURCH EDUCATIONAL TRUST

(Charity Registration No.1048607)

REPORT OF THE MANAGING TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2024

MANAGING TRUSTEES

Trustees: The Rector and church wardens of St. Mary and all Saints Church, Beaconsfield have acted as Trustees since the trust was created in 1979. A proposal was made at the meeting on 4 July 2019, approved by the Parochial Church Council, referred to the Custodian Trustees at Oxford Diocese and agreed unanimously, that the Trustees should be increased to include the Rector, the Team Vicars and the Churchwardens of the three churches in the Beaconsfield Team Ministry. This reflects the ethos of the Team Ministry and is effective from 4 October 2019 .

TRUSTEES

Reverend Sharon Roberts, Reverend Lucy Fyfe-Jamieson

Mrs Daphne Scott, Mrs Lynn Johnson, Mrs Fiona Collins, Mrs Wendy Godrich, Mrs Harriet Baldwin

Address: The Parish Office, The Fitzwilliam Centre, Windsor End, Beaconsfield, HP9 2JW

CUSTODIAN TRUSTEE

The Diocese of Oxford continues as custodian trustee in respect of the property that we hold.

INDEPENDENT EXAMINER

David Smyth BA. MBA. FCMA

47 Burkes Road, Beaconsfield. Bucks HP9 1PW

CONSTITUTION AND HISTORY

The Charity is constituted by a scheme dated 5[th] January 1979, when it took over the assets formerly held by the Beaconsfield Church of England Secondary School Charity. These assets comprised deposits of £107,530, representing the proceeds from the sale of the school in 1973 and £73,365 being accumulations of income.

OBJECTS OF THE TRUST

The Managing Trustees are to apply the net income for the purpose of furthering the religious, educational and other charitable work of the Church of England in the Ecclesiastical Parish of Beaconsfield.

REVIEW OF ACTIVITIES

In planning our activities for the year, the Trustees considered the Charity Commissioner’s guidance on public benefit.

They also reviewed the projected income for the year, taking into consideration the current economic climate.

The property 27 Crossways, Beaconsfield HP9 2HX was purchased in 2015 for the use of those working in the Parish. For the whole of 2024, the property was commercially let.

The Trust has supported the Parochial Church Council, representing St Mary’s, St Michael’s and St Thomas, for a number of years. Grants have been paid to each of the churches at the same rate per annum for several years. An increase in the grants was agreed in September 2018 and the following payments were made in 2024:

St Mary’s…………………………… ….£20,000

St Michael’s ………………………… £8,500 St Thomas’……………………………..£5,000

A further grant of £693.75 was made in July 2024 to St Mary & All Saints Church of England Primary School to assist with new playground equipment.

The Trustees confirm that to the best of their knowledge and belief these financial statements comply with the Charities Act 2011; Statement of Recommended Practice, applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102)(Section 1A), issued March 2005, the accounting provisions of the Charities Act 1993 and the Charity’s own constitution.

Date: 13 May 2025

For and on behalf of the Managing Trustees

BEACONSFIELD CHURCH EDUCATIONAL TRUST

(Charity Registration No.1048607)

REPORT OF THE MANAGING TRUSTEES

F0R THE YEAR ENDED 31 DECEMBER 2024 (continued)

RESERVES POLICY

As the Charity has minimal ongoing administrative or other costs, the Managing Trustees’ normal policy is to disburse the income of the Trust in the year following receipt unless they are aware of a particular project requiring the accumulation of income for a longer period.

GRANT MAKING POLICY

The Trustees meet at least bi-annually to consider applications from the Church of England in the Ecclesiastical Parish of Beaconsfield in accordance with the terms of the Trust.

INVESTMENT POLICY

Investments are held for the long term with managers considered appropriate to the charitable and ecclesiastical nature of the charity’s objects. Property is considered as an investment where it can be arranged on a normal commercial basis with proper security, and in furtherance of the Charity’s objects.

RISK MANAGEMENT

The Trustees have considered the major risks facing the Charity and consider that the financial proceedures are adequate to ensure as far as possible that there is no misappropriation or inappropriate use of the Charity’s funds.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Charity’s Trustees are responsible for the preparation of accounts for each financial year which give a true and fair view of the Trust’s incoming resources, and application of resources during the year, and of its state of affairs at the end of the year.

In preparing those accounts, the Trustees should:

select suitable accounting policies and then apply them consistently
make judgements and estimates that are reasonable and prudent
prepare the accounts on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations.

BEACONSFIELD CHURCH EDUCATION TRUST YEAR ENDED 31 DECEMBER 2024 Income from assets Dividends from quoted growth secrities Expenditure on charitable activities In furtherance of the charity's objectives Grants - District Church Council Individuals Property Expenses Net Income/(expenditure) for the year Ordinand in Training- Stipend Ordinand in Training- Accommodation STATEMENT OF FINANCIAL ACTIVITIES Dividends from quoted income securities Interest on Deposits Rent from Crossways	Unrestricted Total Total 2024 2023 £14,799 £14,799 £14,596 £17,592 £17,592 £17,323 £4,237 £4,237 £2,027 £15,843 £15,843 £14,947
	£52,471 £52,471 £48,893
	£34,194 £34,194 £34,000 £0 £0 £0 £0 £0 £0 £0 £0 £0 £11,003 £11,003 £410
	£45,197 £45,197 £34,410

	£7,274 £7,274 £14,483

BEACONSFIELD CHURCH EDUCATIONAL TRUST STATEMENT OF ASSETS AND LIABILITIES

Endowment Funds £564,576 £648,251 £543,674	Unrestricted Funds £0 £0 £0	Unrestricted Funds £0 £0 £0	2024 Total Funds £564,576 £648,251 £543,674	2023 Total Funds £564,576 £633,745 £531,663

£1,756,500		£0	£1,756,500	£1,729,985
£9,973 £0 £0	£76,165 £10,208 £0		£86,138 £10,208 £0	£76,309 £12,763 £0
£9,973	£86,373		£96,346	£89,072

£1,766,473	£86,373		£1,852,846	£1,819,057
Endowment Funds £1,739,958 £26,516	Unrestricted Funds £79,099 £7,274		Total Funds 2024 £1,819,057 £26,516 £7,274	Total Funds 2023 £1,705,334 £99,241 £14,483
£1,766,473	£86,373		£1,852,846	£1,819,057

BEACONSFIELD CHURCH EDUCATIONAL TRUST

NOTES TO ACCOUNTS FOR 2024

The accounts have been prepared on a receipts and payments basis and in accordance with the Charities Act 1993 and the Statement of Recommended Practice “Accounting and Reporting by Charities” updated 1 January 2019.
Quoted securities - which are held by the Custodian Trustees - are shown in the balance sheet at market value at 31 December 2024.They comprise 28,035.25 shares in the Central Board of Finance Investment Fund and 26,790.80 in Charities Official Investment Fund – Income shares.
The Endowment Fund represents the original capital of the charity required to be retained. The unrestricted funds are the undistributed accumulated income available for disbursement in accordance with the objectives of the Trust (see Trustees' Report).
The Trust did not meet any other expenses incurred by the Trustees during the year.
The Trust had no employees during the year.

BEACONSFIELD CHURCH EDUCATIONAL TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BEACONSFIELD CHURCH EDUCATIONAL TRUST

I report on the accounts of the Trust for the year ended 31[st] December 2024, which are set out on pages 4 and 5.

Respective responsibilities of the 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 this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination of the accounts and financial records 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)(b) of the 2011 Act; and
to state whether any particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with 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 provide 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. The report is limited to those matters set out in my statement.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

which gives me cause to believe that the requirements:
A) to keep accounting records in accordance with section 130 of the 2011 Act; and
B) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met, or

to which, in my opinion, attention should be drawn in-order to enable proper understanding of the accounts to be reached.

David Smyth, BA, MBA, FCMA

47 Burkes Road, Beaconsfield, Bucks, HP9 1PW.