Charity reglstratlon number 1103520
Company reglstration number 4993720 (England and Wales)
THE BEVERN TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE BEVERN TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Patron
Natasha Kaplinsky OBE
Trustees
Ms B S Y KAdamson
Mr S R Brenthall
Dr P G Frost
Mr N J F Houston
Rev P K Mundy
Ms S E Schueler
MrJDMain
(Appointed 13 March 2024)
Secretary
Mrs S E Goodllffe
Charity number
1103520
Company number
4993720
Reglsterad offlce
Bevern View
The Willows
Barcombe
Lewes
East Sussex
BN8 5FJ
Audltor
SumerAudit
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
Bankers
CAF Bank Ltd
PO Box 289
West Maillng
Kent
ME19 4TA

THE BEVERN TRUST
CONTENTS
Page
Trustees, report
statement of trustees, responsibilities
Independent audltor's report
8-10
Statement of flnanclsl activities
Balance sheet
13
Statement of cash flows
14
Notes to the financial statements
15-28

THE BEVERN TRUST
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial stalements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting polici&s set out in note 1 to the
financial statements and comply with the charitable company's Memorandum and Articles of Association, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Slatement of Rècommended 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 1 January 2019).
Objectives and actlvlties
Our charty's purposes as set out in the company's memorandum of sssociation are..
the r81ief of persons with learning, physical, mental or other form of disability by the provlslon of
residential homes, holiday facilities and medical Care.
2. the advancement of education of the persons who reside at Bevern View.,
3. the promotion of and supporting research into the causes of learning difficultiesldisability. their needs
and the support of such people (and the publication of the useful results of the same).
Th8 aims of our charily are to support young adulls with multiple disabilities and complex needs by the provision
of resldential, education, health care and therapies. We review our aims, objectives and activlties each year and
produce a strategic plan with goals which are used to assess our performance. The process looks at the success
of each activity and the benefits they bring to the people we are set up to support. The review also helps ensure
our aims, objectives and activities remain focused on our stated purpose.
How our activltles deliver public beneflt
Our main activities and those who we try and help are described below. All our charitable aclivities focus on the
support of people with complex needslprofound disabilities and their familles and are undertaken to further our
charitable purposes for Ihe public beneflt.
The trustees have pald due regard to guidance issued by the Charity Commission in deciding what activlties the
charity should undertake.
Who used and beneflt8d from our servlces?
Our aims focus on services for local people. The rationale for the service is that it should enable young people
with complex needs to remain close to Iheir homes and families, so that they continue to be part of the family
and local community with visits to home and parents being closely involved in Bevern View. We do this by
providing high quality residential care. Funding is determined by ihe provision available from local authorities
and Continuing Healthcare, who have a responsibility to assess needs and to allocate resources accordingly.
We give priority to adults from the local area (within 20 miles), in the first instance who qualify for funding for
residential placements, based on an assessment of their needs.
Access lo the service is therefore not
determined by the income of families.
Equal access to our services is an important issue for us. We have developed a matrix for determining
priorities for offering places when they become available. This is based on the level of need and compatibility
with other residents in the home. We are aware that demand for places afways exceeds our capacity to supply
a service but we are committed to retain an homely 8nvironmenl in which each individual is of immeasurable
worth.
The trust continues to access continuing education for residents. As provision of continuing education for
people with profound and multiple disabilities has reduced, we have increased our own provision. We employ
o specialist activity staff, together with a specialist communications leam, who develop education and
activities for on-site delivery. We also have a dedicated healthcare team, who work alongside the support staff,
ensuring that our residents and those looking after them are kept safe, kept informed and enabled lo lead full
and rewarding lives.
The trust continues to offer specialist hydrotherapy in its own purp05e-built pool and also offers the use of the
hydrotherapy pool to support other people in the local communty.

THE BEVERN TRUST
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Funding for social care remains a national and local issue, but we have continued to obtain significant funding
packages for our residents, to ensure the high quality of our care and support.
The Vision
It is our vision to be an inclusive and equal society, where people are released from expectations others have about
disability. We want to enable people with profound disabilities to lead full and rewarding lives as part of their family
and community.
Our four values are-
Committed (love) - We offer a home for life for our residents and offer support for their families
Care (care) - We ensure our residents receive high quality care and support which is person-centred,
reflecting their needs and wishes. We uphold our residents, dignity, privacy, and human rights
Choice (freedom)- We support our residents to maximise their choice, control, and independence
Communty - We are committed lo operating as a community and committed to being a responsible part of
the local communities around us.
The Bevem Trust has a strong commitment to building relationships with other dlsability charities and sharing
expertise wherever possible. It is our vision to be able lo one day support more local families who have an adult with
a dlsablllty who needs a home or a place to go or an activity to be part of or simply a community with which they can
engage.
Achievetnents and performance
A big highlight of the 2023124 financial year was our Immensely successful campaign to raise over £50,000 for a
new minibus, which will significanlly enhance our ability to support individuals wilh profound disabilities in leading
fulfilling lives within their communities.
The other main achievements have been..
Restructure of the management team, with a foGUS on maximising the outcomès for residents
2. New, dedicated Care Manager recruited, who will focus-.
on the care provision of the home alongside our Clinical, Physlotherapy and Activity teams,
maximising the choice, control and independence of the people that live at Bevern View and
on fully supporting our large Gare team on a day-to-day basis
3. The registered manager now has oversight of all the areas of the care horne and can dlrect and support tha
team fully through our robust governance process and direct support and mentoring
4. Overhaul of our medication management pro￿sses, together with an increase in the clinical training that
we provide
5. A review of our mealtimes and how we offer choice to the people that have limlted communication and
specialist diets, ensuring that the residenls are being listened to regardless of their limited communication.
6. Having been awarded a £5,200 grant from Sport England, enabling us to develop an innovative new
programme that empowers our residents to actively participale in their chosen community sports.
7. A generous grant of £10,000 has enabled us tu sustain our vital music therapy and activilies programme,
ensuring that our resid@nts continue to benefit from enriching and slimulating experiences.
Flnancial revlew
Care Home Operation
At the end of the financial year, The Bevern Trust had funding for eleven full time residents on a spot contract basis.
In the year 2023124, this amounted to.. £1,932,243 {2022123: £1,773,164).
Overthe year total donations, fund raising and gifts for the trust Game to £145,051 <2022123.. £89.143).
In 2023124, the trust recorded an operating surplus on its general fund of £73,840 (2022123.. £43,667). Net transfers
out to olher funds amounted to £55,122 <2022123.. £82,866), dLse to net transfers oul to designated funds of
£66,92212022123.' £83,OOQI and £11,800 (2022123.. £1341 in from restricted funds. The total increase on the general
fund for Ihe year was £18,718 (2022123. decrease of £39,199).

THE BEVERN TRUST
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net transfers out to the designated funds included £83,759 to the Building Project fund, with £13,200 from the
Maintenance fund. £1,041 from the Assel Replacement fund and £2,596 from the Storage Proj8Ct fund, giving a net
total out of the General fund of £66,922.
Transfers in to the general fund from the restricted funds included £2,000 from the Restricted Gift fund and £9,800
from the Minibus fvnd, totalling £11,800.
Reserves pollcy
Th8 trustees h8ve set a policy for holding unreslricted liquid resenies of £203,000. These res8rves are required by
the trust to provide:_
Working capitsl to finance the day to day sctivlties of running a Care Home,. currently assessed as
£110,000
An income cushion to meet the funding gap that occurs with a change of resident; currently assessed as
£62,000
A cushion to provide necessary healthcare lo resldents in the event of insuificient funding currently
Sssessed as £31,000
At the end of the financial year, total unrestrlcted liquid reserves stood al £594,585. £398,726 of that figure had
already been designated to the following funds:.
Building Project fund - £283,759 lowards a new activity centre, a staff rest room and offices
Asset Replacement fund - £45,812 as s sinking fund to replace operating fixed assets
Storage Project fund - £57,404
Maintenance Fund - £11,751
Notes..
The designated Brooklands project seed fund and the Activity Centre Proj8Ct fund were merged at the
beginning of the year, to give a single °Building Project fund..
The remaining unrestricted liquid reserves of £195,859 are held in line with the trust's Reserves Policy of £203.000.
Trust policies and rfsk management
Extensive risk assessments are carried out for all activities undertaken by the residents of Ihe Trust. Audits by
external consultants confirm ihat all Trust policies are in place as required by the legislation. They show that we are
meeting all required standards. The Trust is committed to maintaining this high standard in fLrture assessments by
CQC and conlracting bodies. This is confirmed by the outcomes of surveys of parents and staff satisfaction.
Risks
The principal risks and uncertalntles facing the charity are..
The death or deterioration in health of 8 resident, the latter leading to rehoming.,
The withdrawal of statutory funding-
The gap beMeen our statutory funding and day lo day cosls, with the erosion of fee values in real terms,
dua to th8 reduction in spending on social care by Local Authorities and the NHS-
The loss of key, long seNing senior staff, without a sufficient SUCGession plan.,
Insufficient Trustees andlor insufficient requisite skills amongst the Trustees-
Challenges in recwiiing staff, mainly due to the low wage levels in socia5 Care and possibly the rural
location of BV and the lack of public transport.
Insufficient reserves to meet the loss of fee income or other unexpected financial hardship-
Maintaining Management and Staff quality and ameliorating risk in a pressured social and economic
climate.
Increased regulations that negatively impact the operating costs of the business eg GDPR.,
The Current political and economic instability, impacting inflation and the cost of living.

THE BEVERN TRUST
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
To manage this, we have..
Put a bereavement policy in place, to ensure that no room stays vacant for any longer than necessary. We
also keep an up to date register of potential new residents.,
Built and continue to retain good working relationships with funding authorities, challenging fees where
appropriate.
Stopp&d all respite provision for the foreseeable future. This has led to a more stable and secure income
stream. Whilst the Trustees continue to be committed to offering respite care, it is not currently feasible.
We are aware that demand for residential places outstrips supply. We are in regular Gomrnunication with
commissioning organisations and view this as low risk at the present time.,
Cover plans being put in place for key staff roles.,
Proactive recruitment of new Trustees, with clinical and commercial skills.,
An in-house, qualified HR manager, with an external HR I legal retainer Gontract,.
Implemented various measures to retain and motivate our staff and to increase their wellbeing, including
regular supervisions and providing Cooked meals. We are an accredited Living Wage employer, have a
wellbeing programme with provision for physical and mental health support and have given staff a bonus
for the past 2 years to help with high living costs..
Rebuilt our depleted reserves, by robust cost controls.
Ensuring that we are compliant with regulations. whilst trying to achieve a balance of cost effectiveness.
Robust cost controls and investigation into possible sources of sustainable energy
Strateglc plannlng
For over 25 years, slnce 1999, our residential home, Bevern View has been providing a loving and supportive
8nvironment for residents with profound physical and learning disabilities.
As our residents get older and their needs become more complex we have recognised that we urg8ntly need to
extend the home in order lo create a space for our residents lo live life to the full. We are alming to rslse over
£650,000 which will mean we can transform our home by building a dedicated activity room, equipped with built-in
hoists for maximum safety and flexibility. Alongside cutting-edge sensory equipment we will have areas for music,
arts and crafts as well as vital storage space. all of which will contribute to providing our residents with stimulating
and engagin9 experiences in a secure environment.
Reclaiming the lounge means our families will have a tranquil space in which they can spend quality time with their
loved ones outside of a bedroom setting. The project also encompasses a new office building and staff break room,
creating a more supportive work environmenl and fostering staff satisfaction and retention.
The trustees are fully committed to the success of our building project and have put aside money that was received
from a generous bequest in 2022 which is reflected in the designated Building Project fund.
The trustees have created a new part time Nominated Individual (Nl) and Registered Manager post, which holds
oversight of management of all aspects of the trust and day to day running of the Care Home, working together wilh
the Operations Manager, TwstAccountant and a new Care Manager.
Work has continued on establlshing a person ￿ntered care approach, to enable our residents lo live a ￿lfIllIng life.
Managemenl and staff have worked together to adapt aGtivities, education and therapies, tailoring them to individual
needs and also working to Communicate with families.

THE BEVERN TRUST
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Our short term direction, is to maintsin stability wÉthin the trust. Key objectlves include.-
Robust, regularly updated individual needs assessments and fee negotiations-
Recognising that the needs of our residents are changing as they are gelting older and ensuring that care
plans and activities are reviewed and adjusted to reflect Ihese changing ne8ds and interests,.
In line with increasing medical needs of an older population, we aim to provide care in the Home and
minimize hospital stays wherever possible,.
Preparing for end of life care and support for our residents and their families;
Continuing to improve our approach to retention, recruitment and training of staff, also avoiding the need for
agency workers;
The trust and our residents benefit from a committed, caring and creative staff team. We are committed to
supporting people who work for us in their own developmenl. We continue to work towards giving staff new
responsibilities or qualifications where appropriate, including care staff working towards level 3 and level 5
adult social care diplomas.
Reviewing the staff rota. to ensure continuity of care for the residents, whilst adapting where possible to the
needs of staff.,
Continuing to keep operating costs to a minimum, without compromising safely or quality, through robust
budgeting and financial controls;
Maximislng Ihe information, support and advice provided by external professionals such as the senior
physiotherapist, speech & language specialists and a GP who visits weekly. We pay for these services,
which are not covered in most of the residential fees., and
Securing ongoing fundraising income to support costs thal are not included by funding and which enable us
to give a high quality of life and Choi￿ to our residents. We are increasingly reliant on grants.
We are passionate about releasing people from the expectations others have about disability. We offer love, care,
freedom and opportunity, allowing profoundly disabled people and their families to get more from life. Care, family
and lov8 com@ first, @very day.
Structure, governance and management
The Bevern Trust is a Christian charity and a charltable company gov8rned by Its Memorandum and Articles of
Association.
The charitable company was incorporated on 12 December 2003 and registered with the Charity
Commission on 29 April 2004. It commenced activities on 1 October 2004 after the transfer of assets and liabiltties
from the Agape Trust.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
Ihe date of signature of the financial statements were..
Ms B S Y KAdamson
Mr S R Brentnall
Dr P G Frost
Mr N J F Houston
Rev P K Mundy
Ms S E Schueler
MrJDMain
MrDFByme
(Appoinled 13 March 20241
(Resigned 13 September 20231
The board has power to appoint additional trustees. No director held any beneficial interest in the charrtable
company.
The member of staff Charged with day to day management was the Nominated Individual and Registered
Manager, MrsAshly Sarsons.

THE BEVERN TRUST
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CoNTI￿uED}
FOR THE YEAR ENPED'3tMARCH 2024
Yrugteè appointmènts Ènd Indtsctlo
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Mr'N 41 F Housio
¢halrmaN.

THE BEVERN TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The Irustees. who ar8 alsD th8 directors of The Bevern Trust for the purpose of company law, are responglbl8 for
preparing th8 Trustees. Report and the financÈal statements in accordance with.applicable law and United Kfngdoffl
Accounting St8¥Jdards (United Ktngdorn GenerallyAGcepted Accounting Practice).
Company Law requires tl)e trustees to prepare financial statements for each ffnancial yaar whl¢h give a true and fair
vlew of lh6 slete of affairs of the charitable company and of tha Incomlng resour￿5 and 8ppIiGatlon of resources,
Including the Incomè and expanditura. of the charitable company for that year.
In preparlng these financÉal st81ements, Ihe trustees are r8qulrad to:
- select sullable accountlng policies and Ih8n apply them conslstently:
- observe thg methots and prlnclples In the Charllles SORP.
- make Judg8m8nts and e811mates that arè reasonable and prudent; and
prepare the financlal stalem6nts on the 9Jlng concern basis unless It 18 Inapproprfala io presum8 th8t the
charftab18 company wlll conllnue In op6ratlon.
Tha trusté8S ara mponslbla for kaéping 8dequate accountfng records that dlsclose with r&a80nable accuracy at
any tim8 th¢ 17nancial posilion of the Gharitabl8 company and enab18 Iherr to ansure that the financial strdtemenls
comply wlth the Companies Act 2006. They ara also rasponslbla for safeguarding the assets of the charitable
¢ornpary and hence for taklng reasonable slaps for th6 preventlon and detection of fraud and other Irregularities.

THE BEVERN TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE BEVERN TRUST
Opinion
We have audited the financial statements of The Bevem Trust (the 'charitable company,) for the year ended 31
March 2024 which comprise the statement of financial activities, the balance sheet. Ihe statement of cash flows and
notes to the financial statements, including significant accounting policies. The financial reporting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 Tha Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting PraGticel.
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practic8;
and
have been prepared in accordance wlth the requirem8nts of the Companles Act 2006.
Basls for opinion
We conducted our audit in accordance with Intemational Standards on Audlting (UK) (ISAS {UK)l and applicable
law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the 8udit of
the financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requiremenls that are relevant to our audit of the financial statements in the UK, inciuding the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion.
Concluslons rolating to golng concern
In auditlng the financial statements, we h8ve concluded that the truslees, use of the golng concern basis of
accounting in the preparation of the flnanclal statements is appropriate.
Based on the work we have performed, we have not id8ntified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's abilily to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilits'es of the trustees with respect to going concern are described in the
relevant sections of this report.
other informatlon
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsib18 for the other information contained within the annual
report. Our opinion on the financial statements does nol cover the other information and we do not express any form
of assurance conclusion Ih8reon. Our responsibility is to read the other information and, in doing so, consider
wh8lher the other information is materially inconsistent with the financial statements or our knowledge obtained in
Ihe course of the audit, or otherwise appears to be materially misstated. If we identify such malerial inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have perfomed, we conclude that there is a
material misstatement of this olher information, we are required to report thal fact.
We have nothing to report in this regard.
Matters on which we are required to report by exceptlon
We have nothing to report in respect of the following malters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion=
Ihe information given in the financial statements is inconsistent in any material respect with the trustees,
report., or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.

THE BEVERN TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE BEVERN TRUST
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the
charitable company for the purpose of company law, are responsible for the preparation of the financial slatements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is
necessary to 8nable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matt8rs related to gaing concem and
using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or
to cease operations, or have no realistic altemative but to do so.
Audltorfs responsibilities forthe audit of the flnanclal statements
We have been appointed as auditor under section 144 of the Charltles Act 2011 and report in accordan￿ with the
Act and relevant regulalions made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statemenls as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is nol a guarantee that an audit conducted in accordance
wilh ISAS (UK) will always detect a material misstalement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or In the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
In addition to the above, our procedures to respond to risks identified included the following..
Making enquiries of management, about any known or suspected instances of non-compliance with laws
and regulations and fraud,.
Reviewing mlnutes of meetlngs of the board and senior management.,
Reading correspondence with regulators;
Challenging assumptions and judgements made by management in their significant accounting estimates,
including defined benefit pension scheme valuations., and
Auditing the risk of management override of controls, including through testing joumal entries and other
adjustments for appropriateness.
Irregularities, includlng fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstalements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
In identifying and assessing risks o* material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations. our procedures included the following:
Obtalnlng an understanding of the legal and regulatory framework that the charitable company operates in,
focusing on those laws and regulations that had a direct effect on the financial statements and operations.,
Obtaining an understanding of the charitable company's policies and procedures on fraud risks, including
knowledge of any actual, suspected or alleged fraud,. and
Discussing among the engagement team how and where fraud might occur in the financial statements and
any potential indicators of fraud through our knowledge and understanding of the company and our sector-
specific experience.
As a result of Ihese procedures, we considered the opportunilies and incentives that may exist within th8 charitable
company for fraud. We ar& also required to perform specific procedures to respond to the risk of management
override. As a result of performing the above, we identified the following areas as those most likely to have an
impact on the financial statements.. compliance with the UK Companies Acl and CharitiesAct.

THE BEVERN TRUST
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF THE BEVERN TRUST
In additlon to the above, our procedur6S to respond to rfsks identified included the following:
Making enqulrles of management about any known or suspected Instanw of non-compliance vAth laws
and regulations and fraud.
Reviewing minute5 of meellngs of the board and senior management
Chall8nglng assumpljons and Judgéments made by management in Iheiy signlfi¢ant accounting eslimates.
and
Audlllng the risk of management overrfde of controls, Including through testing loumal 6nlrfes and other
adjustmént8 for apprOprIat￿&S8,
Due lo the inherent Ilmitetlons of an audit. ttTr8rè Is an unavoldable rlsk that some mat6tl81 ml8siatsments In the
flnanGial ststemenls rnay not be detected. 8v8n though the audit Is properly planned and performed in accordance
wilh Ihe ISAS (UK). For lllstan￿, the firther removed non-coMpknance18 from the events and transacllons ratlected
In the finandal statemant8, the less ￿elY Iha audllor18 fo b8come aware of It or to recognise the non-compllanc&.
A further descriptlon of our re5ponslbilities is available on the Financial Reporting C(wncyl's w8bslte at: httP8Jl
.frGorg.ukl8uditorsr8sponsibllities. This description form8 Part of our audltorfs report.
Other mattèrs
The fln8n¢lal stat8ments of The Bevern Trust for the year endad 31 Mardi 2023 w8r8 audtted by 8noth8r audltor
who axpr8ss8d an unmothfled audlt oplnlon on thos6 flnanclal statem8nts.
Use of our report
Thls report Is made solely to the ¢harity'S truste6s, as a body, In attordanca whh part 4 of the Charlties (Accounts
and R8POrts) Ragulatlons 2008. Our audit work has b6en undertaken so that we tnlght stste to the charllls trustees
Ihose matt8rs we are requlr8d to state to them In an audltorfs report and for no other purpos8. To the fullést extent
permitted by law, we do nol accepl or assume responsibllily lo anyone other than the charlty and the chariws
trustees 8s a body, lor our 8udiiwork, for th18 report, or for the opinlon$ w8 have fom)ed,
rwc
Kr5stlna Pèrry FCCA (Senlor Statutory Auditor)
for and on behalf of SumerAudit
Chartered Accountants
statutory Auditor
Worthlng
2S
SumerAutht Is the trading name of Sumer Audltco Limlted
o-

THE BEVERN TRUST.
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Currant financlal year
Unrestrlcted UnrestriGted
funds
funds
general deslgnatod
2024
2024
Restrfcted
funds
Total
Tot
2U24
2024
2023
Notes
Incom6 and endowmgnts fram:
Donatlons and legacles
Charftable aotivilles
Fundra181ng &v8nts
Investments
Oth8r irrcome
70.092
1,932.243
74,959
145.051
1832243
89,143
1,773,164
400
ao,803
&145
28,476
4.620
28,475
Total income
2,035,￿0
74,959
2,110,389
1.878,655
Expendlture on..
Ralsing funds
Charifabla aGtivili88
Other expendltura
41,209
1,903,566
41,434
41.209
1,970,085
41,434
42,742
1,823,600
44.409
22,110
12
Total exp8ndlture
1,986209
44,409
22,110
2,052,728
1,866,342
Net gainsl{losses) on
Investfflents
13
24,619
24,619
{1,722)
Net In¢omel{expandltura)
73,840
(44,409)
52,849
82,280
10,591
Transfers behveen fvnds
(55,122)
66,922
(11,800)
Net mov•m8nt In funds
18,718
22,513
41,049
82,280
10,591
Raconcillatlon of funds:
Fund balances 8t 1 April 2023
1,445,487
376,213
3,530
1,825,230
1,814,639
Fund balances at 31 March 2024
1,464,205
398,726
44,579
1,907,510
1,825,230
The 8tstemenl of financial actlvitlas inctudes 811 galns and losses recognlsed in the yaar. All Incomg and expenijilure
dertV6 from continuing 8¢tlvllth.
The ststement of fin8nc5al activities also complles with Ihe requlrements for an income 8nd expendilure account
under the Companies Act 2008.
11

THE BEVERN TRUST
STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
PYl￿fInancIal yèar
Unrestrlcted Unrestrlcted
funds
funds
general deslgnated
2023
2023
Restrlcted
funds
Total
2023
2023
Notas
Income and ondowm8nt8 from:
Donatlons and legacles
Charltable activities
Fundralslng events
Inv8Stments
Other income
75,240
1,773,164
400
10,803
5.145
13,903
89,143
1.Th3.164
400
10,803
5,145
Totsl Inryjme
1,864,752
13,903
1.878.655
Expènditure on:
Relsing funds
Charllab18 aGtlvllies
42,742
1,776,621
42,742
1,823.600
21,232
25,747
Total expondlturg
1,819,363
21,232
25,747
1,866,342
Net108se8 on investments
13
(1,722)
{1,722)
Net Incomel{expendlture)
43,667
121,232)
{11,844)
10,591
Transfeys be￿8&n fvnds
(82,868)
83,000
(134)
Net movement in funds
{39,199)
61,768
{11,978)
10,591
RecDncillatlon of funds:
Fund balances at 1 April 2022
1,484,686
314,445
15,508
1,814.639
Fund balances at 34 March 2023
1,445,487
376,213
3,530
1.825.230
The slatemént of finan¢lal actlvittes indudes all galns and losse8 recognlsed tn th& year. All Incom8 and expenditure
d8rfve from contlnuing a(*lvtties.
The statèment of financlal activllies also complles with Éhe requlremenls for an income and expendleure account
under the Compan188 Acl 2006.
12-

THE BEVERN TRUS.T
BALANCE SHEET
ASAT31 MARCH 2024
Fixed assfrts
Tan￿bItt asseta
Inyffjlmenls
Notss
5.
f6
1.681.139.
i,692.0'60
Current assels
Debtors
gh 4t ¥?DEg.p.d In h•0
1,905,76.1
1,892.063
è5,208
.91,6Y9
Credftor54 amounts falllng.du4 wllhln
on&year
859,119
211,633
Netcuwant èS2.Q14
Tolal assets iw CYryPDt Ilablliileg
2,481,66e
radltorn: amounts fa]11rt9 .du?.Aft•i
mor8 than one year
1È>7J155
(656.436)
1,907&19.
Th'ofvnd.$ of tb• ¢h'¥ritible'compatsy
Restriclad 111￿MPlUnd
.nrestricted f￿th- gènBral
Unr8stricted fI￿d$.. de8.tgnated
1,464205
23
1,445,'487
37Bi2.?3
1.,9£i.?tsqo
Th6,finallcial sta'lemenli wero ap.pro.ved b¥the trti¥te8S ori .:_
bir,N.JF Houslon
Trusteè
Company w9tstrÉtion number, 4993720 LErtglahd aiW Wa188)
-13-

THE BEVERN TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatlng activities
Cash genèrated from operations
Interest paid
27
172,451
127.429
<56,879)
Net cash Inflow from operating actlvltl6s
115,572
127,429
Invostlng actlvities
Purchase of tangible fixed assets
Investment income received
170,671)
28,475
{21,2321
10,803
Net cash used In Invosting activltles
(42.196)
(10,429)
Financing actlvltles
Repayment of bank loans
<19,000}
{24,164}
Net cash used in financing actlvitles
{19.000)
{24,164}
Not increase in cash and cash equivalents
54,376
92,836
Cash and cash equivalents at beglnnSng of year
709,537
616,701
Cash and cash equlvalents at end of year
763,913
709,537
14-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
Charity Informatlon
The Bevern Trust is a private Company limited by guarantee incorporated in England and Wales. The
registered office is Bevern View, The Willows, Barcombe, Lewes, East Sussex, BN8 5FJ.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the charitable company's articles of
association, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland" {"FRS 102") and the Charities SORP "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 1 January 2019). The
charrtable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company.
Monetary amounts in these financial statemenls are rounded to the nearest £1.
The financial slatements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the tlme of approving Ihe financial statements, the trustees have a r88s0nable expectation that the
charitable company has adequate resources to continue in operational existence for the foreseeable future.
The trustees have considered relevant information, including the charitable company's principal risks and
Un￿rtaInlies, the annual budget, four year financial forecast and the impact of subsequent events in making
their assessment.
Based on these a8s88sments and having regard to the resources available to the entity, the trustees have
concluded that Ihere is no material uncertainty and that they can continue to adopt the going concern basis in
preparing th8 annual report and financial statements.
1.3 Charltable funds
Unrestrided funds are available for use at the discretion of Ihe trustees in furtherance of their charitable
objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are Set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charitable company is legally entitled to il after any performance conditions
have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has
been notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of
the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as
a contingent asset.
15-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Contlnued)
Grants received are credited to the Statement of Financial Adivities when the charitable company has
entitlement of the funds, performance conditions attached to the grants have be8n met, it is probably that the
incom& will be received and the amounl can be measured reliably. If the income has been received and
relates to a future specified period, in which case they are def8rred.
Fees are charged for the provision of care provided to the resident clients under contracts arranged with Local
Authorities and Primary Care Trusts. Fee income is accounted for when earned.
1.6 Expenditure
Expenditure is recognised once there Is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation Gan be measured reliably.
Expendilure is classified by actSvity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each aGtivity. Direct costs attributable to a single
activity are allocated dlrectly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation Charges are allocated on the portion of the asset's use.
Govemance costs includes those costs associated with meeting the constitutional and statutory requirements
of the Gharitsble company and include the audit fees and costs Ilnked to the strategic management of the
charitable company.
1.6 Tanglble flxed assets
Tan9ible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost cr valuation of assets less their residual values over their
Useful lives on the following bases:
Freehold land and buildings
Fixtur8s and fittings
Motor vehicles
Over 65 years straight line
200/0 Straight line
200k Straight line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and Is recognised in the statement of financial activities.
1.7 Flxed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value al each reporting date. Changes in fair value are recognised in net
incomell&xpenditurel for the year. Transaction costs are expensed as incurred.
1.8 Impalrment of flxed assets
Al each reporting end date, the charitable company reviews Ihe carying amounts of its tangible assets to
determine whether there is any indicalion that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the exlent of the
impairment loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call wtth banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in Current liabilities.
16

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued}
1.10 Financlal instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented In the flnanclal statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financial assets
Basic financial assets, which Include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rats of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, includlng Creditors and bank loans are Initially recognised at Iransaction price unless
the arrangement constitutes a financing transaction, where the debt instrumenl is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as p8yable
within one year are not amortised.
Debt instruments are subsequently carrled at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acqulred in the ordlnary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when the charitsble company's contractual obligations expire or are
discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement Is recognlsed in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charitable company is
demonstrably committed to tenninate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
17-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical a¢¢ounUng estimates and judgements
In the application of the charitable company's accounting policies, the Iruslees are required to make
judgements, &stimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these estimatss.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the eslimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacles
Unrestrlctod Restricted
funds
funds
2024
2024
Total Unrestrlcted Restrl¢ted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants received
70,092
48,759
26,200
118,851
26,200
75,240
8,413
7,490
81,653
7,490
70,092
74,959
145,051
75,240
13,903
89,143
Income from charitable actlvltles
Unrostricted
funds
2024
Unrestricted
funds
2023
Charltable aetivitie8
Fees recelved for the care of residents
1,932,243
1.773,184
Income from fundralslng events
Unrestricted Unrestrlcted
funds
funds
2024
2023
Fundraising events
400
18-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from Investments
Unrestricted Unrestrlcted
tunds
funds
2024
2023
Interest receivable
28,475
10,803
other income
Unrestricted Unrestrlcted
funds
funds
2024
2023
other Income
4,820
5,145
Expendlture on charltable actlvltles
Charltable
actlvltles
2024
Charltab18
actlvlties
2023
Care of residents and runnlng costs of care home
Staff costs
Depreciation and impairment
Therapists
Training and sundry staff expenses
Recruitment and advertising
Food and kitchen supplies
Medical supplies and materials
Laundry. linen and cleaning
Educational supplies and outings
Travelllng expenses
Minibus running expenses
Light, heat, water and rates
Insurance
General repairs and rnaintenance
1,532,527
40,159
21,361
21,984
5,292
33,248
21,293
7,661
24,446
3,110
13,813
68,117
29,266
39,555
1,450,574
44,240
21,382
16,610
16,017
56,888
(15,8751
7,514
12.553
5,678
11.407
52,679
25,698
30,234
1.861,842
1,735,599
Share of support and governance costs (see note 91
Support
Governance
94,678
13.5e5
77,435
10,566
1,970,085
1,823,600
19-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charitabl8 activities
(Contlnued)
Analysls by fund
Unrestricted funds - general
Unrestricted funds - designated
Reslrtcted funds
1,903,566
44,409
22.110
1,776,821
21,232
25,747
1,970,085
1,823,600
Support costs allocated to activities
Charltable
activities
2024
Total
2023
Office costs
Telephone
External HR costs
Bank Gharges
Loan int8r8St
Sofvare support costs
Governance
7,184
3,398
4,183
111
56,879
22,924
13,565
5,110
3,086
3,540
124
39,746
25,829
10,566
108,244
88,001
2024
2023
Governance costs comprlse:
Audlt fees
Legal and professional
10,860
2,705
7,140
3,426
13,565
10,566
The expenditure for support and governance costs basis of allocation are direct. except staff costs which are
based on time spent.
Included in audit fees are fees of £2,160 in relation lo accountancy services.
10 Trustees
None of the trustees (or any persons connected with them) received any emoluments through the payroll from
the charitable company during the year. Trustees were reimbursed for expenses totalling £nil (2023.. £nil)
-20-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Charitable activites
Management and adrninistration of the charity
61
60
Total
67
65
Employment Gosts
2024
2023
Wages and salaries
Social security Costs
other pension costs
1.398,712
97,342
36,483
1,319,436
96,569
34,569
1,532,537
1,450,574
There were no employees whose annual remuneration was more than £80.000 In the current or CoMpara￿Ve
year.
Remuneratlon of key management personnel
The remuneration of key management personnel is as follows.
2024
2023
Aggregate compensation
143,930
151,907
12 Other expendltur8
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Net loss on disposal of tangible fixed assets
41,434
21

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Gains and losses on investments
Unrestricted Unrestrlcted
funds
funds
2024
2023
Gainsl{lossesl arising on..
Revaluation of investments
24,619
(1,722}
14 Taxation
The charlty Is exempt from tax on income and gains falling within section 505 of the TaxesAct 1988 or section
252 of the Taxational Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
15 Tanglble fixed assets
Freehold land Fixture$ and
•nd buildings
Ilttlng$
Motor
v•hi¢l•s
Total
Cost
At 1 April 2023
Additions
Disposals
1,937,613
38,837
(40,469)
297,731
22,034
{11,9571
87.864 2,303,008
9,800
70,671
(52,426)
At 31 March 2024
1,935,981
307,808
77,464 2,321,253
Depreciation and Impalrment
At 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
296,079
20,524
250,104
16,735
{10,992>
64,764
2,900
610,947
40,159
{10,992)
At 31 March 2024
316,603
255,847
87,684
840,114
Carrying amount
At 31 March 2024
1,619,378
51,961
9,800 1,681,139
At 31 March 2Q23
1,641,534
47,627
2,899 1,692.060
-22-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Fixed asset Investments
Unlisted
Investments
Cost or valuation
At 1 April 2023
Valuation changes
200,003
24,619
At 31 March 2024
224,622
Carrying amount
At 31 March 2024
224,622
At 31 March 2023
200,003
17 D8btors
2024
2023
Amounts falling du8 Wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
3,253
3,968
87,985
3,452
2,881
85,386
95,206
91,699
18 Loans and overdrafts
2024
2023
Bank loans
657,264
676,264
Payable within one year
Payable after one year
19,849
637,415
19,828
856,438
Amounts included above which fall due afler five years..
Payable by instalments
537,834
561,953
The long-temi loans are secured by a Ilxed legal charge with full title guarantee over Ihe freehold interest in
Bevern View dated 2 February 2016 and a first legal charge with title guarantee over the treehold interest
in Brooklands.
Interest is charged on the loan at 3.5°/o over the Bank of England Base Rate. The loan is to be repaid by
monthly instalments of interest only and from July 2020 by monthly instalments of Capital and interest as
notified by the bank until the final repayment date.
-23-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Creditors: amounts falling due wlthln one yoar
2024
2023
Note5
Bank loans
Other taxation and social security
Payments received on account
Trade creditors
Other creditors
Accruals and deferred income
18
19,849
20,233
42,395
19,936
47,181
70,361
19,828
26,958
44,130
12,559
10,991
97,167
219,955
211,633
Payments received on accounts relate to resldent fees paid in advance.
20 Credltors: amounts falling due aftor more than one year
2024
2023
Notes
Bank loans
18
637,415
656,436
21 Retlrement benefit schemes
Defined contrlbutlon schemes
The charitable company operates a defined contribution pension scheme for all qualifying employees. The
assets of the scheme are held s8parately from those of the charitable company in an independently
aéministered fund.
The charge to profit or loss In respect of defined contribution schemes was £36,48312023- £34,569}.
Contdbutlons totalling £583 (2023.. £9,208) were payable to the fund at the year end and are included in other
creditors due within one year.
-24-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Restrict8d funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Friends of B8vern View Fund
Restricled Gift Fund
Minibus Fund
294
236
3,000
(237)
(21,873)
57
2,563
41,959
26,200
48,759
(2,000)
(9,800)
3,530
74,959
(22,110)
{11,800)
44,579
Previous year:
At 1 April
2022
Incomlng Resource$
resources
expended
Transfers At 31 March
2023
Friends of Bevern View Fund
Restricted Gift Fund
Minibus fund
459
15,049
(165)
(25,582)
294
236
3,000
10,769
3,134
(134)
15,508
13,903
125,747)
(134)
3,530
Frlends of Bevern Vlew Fund This represents donations and other monles raised by supporters of the
Bevern View home. Payments from this fund are made for the benefit and welfare of the Bevern View
residents.
Restrlcted Glft Fund - This represents financial gffts to cover specific purchaseslcosts.
Mlnlbus Fund - This represents financial gifts to cover specific cosls.
Transfers between Funds - A transfer was made from the minibus fund to general reseNes of £9,800 (2023
£134), as well as a transfer from restricted gifts fund to general reserves of £2,000 (2023 - £nil). Both
transfers were relating to the transfer of the value of tangible fixed assets from restricted to general funds
when the assets had been purchased from restricted fund donations and grants but are held for a general and
nol a reslricted purpose.
-25-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 UnTestrlcted funds . designated
These are unrestricted funds which are matsrial to the charitable company's activities.
At 1 April
2023
Resources
expended
Transfers At 31 March
2024
Brooklands Project
Asset Replacement Fund
Building Project (previously Activity Centre
Project)
Maintenance Fund
Storage Project Fund
40,060
46,853
<40,0601
(1,041)
45,812
200,000
29,300
80,000
83,759
{13,2001
(2,5961
283,759
11.751
57,404
{4,349)
376,213
{44,409)
66,922
398,726
Prevlous year:
At 1 April Resource8
2022
expended
Transfers At 31 March
2023
Brooklands Project
Asset Replacement Fund
Activity Centre Project
Maintenance Fund
Slorage Project Fund
46,382
38,763
200,000
29,300
(6,322)
(14,910)
40,060
46,853
200,000
29,300
60,000
23,000
60,000
314,445
<21,2321
83,000
376,213
Brooklands Project - The trustees have agreed to develop the neighbouring "Brooklands" property, which
was acquired by the Trust in 2016. A designated project seed fvnd has been set up, to fund the initial stages
of the project itself and also the fundraising project that will be needed to finance the development.
Asset Replacement Fund A designated fund has been sel up, whlch will be a sinking fund lo replace
operating fixed assets to run the Home.
Activity Centre Project - A designated fund has been set up to fund a new activity centre.
Bulldlng Project - Brooklands Project fund and Activity Centre Project fund have been merged to one single
Building Projecl fund this year.
Malntenance Fund - A designated fund has been set up to fund various Up￿ming maintenance requirements
for property and vehicles.
Storage Project Fund A designated fund has been set up lo provide additional storage for the increasing
amount of equipment for our residents, as they get older.
Transfers between Funds
Transfers were made from designated funds to general reserves relating to
purchases of tangible fixed assets during the year of £63,078 (2023 - £nil). There is also a £130,000 (2023 -
£83,OOOJ from general reserves to designated funds.
-26-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of net assets bet¥veen funds
Unrestrlcted Unrestrlcted
funds
funds
general deslgnated
2024
2024
Rostricted
funds
Total
2024
2024
Fund balances at 31 March 2024 are reprosented by:
Tangible assets
1,681,139
Investments
224,622
Current asselsl{liabilitiesl
195,859
Long term liabilities
{637,415}
1,681,139
224,622
639,164
(637,415)
398,728
44,579
1,464,205
398,726
44,579
1,907,510
Unrestricted Unrostrlcted
funds
funds
general designated
2023
2023
Restricted
funds
Total
2023
2023
Fund balances at 31 March 2023 are represented by:
Tangible assets
1,692,060
Investments
200,003
Current assetsl{liabilitiesl
209,860
Long term liabilities
(658,436)
1,692,060
200,003
589,603
(656,436)
376.213
3,530
1,445,487
376,213
3,530
1,825,230
25 Operatlng lease commltrnents
Lessee
At the reporting end date the charitable company had oulstanding commitments for future minimum lease
payrnents under non-cancellable operating leases, which fall due as follows-.
2024
2023
thin one year
Between and five years
6,745
2.248
6,745
8,994
8,993
15,739
During the year, the charitable company made payments under operating leases totaling £6,467 (2023..
£5.933}.
-27-

THE BEVERN TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
26 Related party transactions
During the year the charitable company entered into the following transactions with related parties=
Dr P Frost (trustee) has a son who is a pemianent resident at Bevern View. During the year the trust invoiced
a total of £200.797 {2023 - £182,450) in respect of his residen¢y, of which £6,302 {2023 - £5,894) was
invoiced to Dr P and Mrs H Frost and £194,495 (2023 - £176,756) was invoiced to Adult Social Care (East
Sussex). At the year end £765 (2023 - £1,280} was outstanding from Dr P Frost. All transactions took place on
an arm's length commercial basis.
Ms S Schueler (trusteel has a son who is a permanent resident al Bevem View. £176,064 (2023 - £175.583)
was billed to NHS Hastings & Rother in resped of his residency. At the year end £nil (2023 - £nil) was
outstanding. All transactions took pla￿ on an arm's length commercial basis.
Reverend P Mundy (trusteel has a son who is a permanent resident at Bevern View. During the year the trust
invoiced a total of £214,328 {2023 - £194,746) in respect of his residency, of which £6,302 (2023 £5,694)
was invoiced to Irwin Mitchell LLP, in their Capacity as the Master Mundy's Deputy, and £208,024 (2023
£189,052) was invoiced to Adult Social Care (East Sussex). At the year end £483 (2023 £439) was
outstanding from Irwin Mitchell LLP. All transactlons took place on an arms length commercial basis.
27 Cash generated from operatlons
2024
2023
Surplus for the year
82,280
10,591
Adjustments for:
Finance costs
Investment income recognised in statemenl of financlal activities
Loss on disposal of tangible fixed assets
Fair value gains and losses on investments
Depreciation and impairmenl of tangible fixed assets
56,879
(28,4751
41,434
(24,6191
40,158
(10,803)
1,722
44,240
Movements In worklng capital..
{Increase)Idecrease in debtors
Increase In creditors
(3,507)
8,301
41,847
39,832
Cash generated from operations
172,451
127,429
28 Analysis of changes In net debt
At 1 Aprll 2023
Cash flowsAt 31 March 2024
Cash at bank and in hand
709,537
54,376
763,913
Loans falling due within one year
Loans falling due after more than one year
{19,828)
(656,436}
(21)
19,021
(19,849)
1637.415)
33,273
73,376
106,649
-28-