REGISTERED COMPANY NLTMBER: 04613979 {Engl%nd and Wales) REGISTERED CHARITY tYUMBER: 1105466 rt of thc Trustccs and Unauditcd Financial Statcmcnts for thc Ycar Endcd 31 March 2025 tor Thc Bcaucham Lod c Scttlcmcnt Nichols & Co ( Accounlancv ) l.imited Chartered Accountants Unli 7 Mulbcrrl" Placc Pinnell Road Eltham London SE9 6AR
The Beaucham Lod e Settlement Contents of the I. inanLial Siaiemenis for the Year Ended 31 March 2025 Pagc Rcfcrcncc and Administrativc Dctails Report of the Trustees 2 to 5 Indctxndcnt Examincr's Rcwrt Statement of Financial Activities Balance Sheet 8 to 9 Cash FloTh' Statement io Notes to the Financial Statements 11 to 20 Detailed Statement of Financial Actiiwities 21 to 22
The Beaucham Lod e Settlement Reterence and Administratii'e Details ror the Year Lnded 31 March 2025 TRUSTEES Raka Begum (appoinLed 2J.7.24) Mark Bensted C harlcs Nliddlcton . Trcasurcr HilaTh' Nightingale: Chair Saccd Oluii"adipc lappointcd 23.4.24) An2ela Piddock . Vice Chair Gaia Scgal Ircsigncd 29.10.241 F.leanor Wi'ant COMPANY SECRET ARY Simon Ryder REGISTERED OFFICE Studio 63 CJreat Western Studios 6) Alfred Road London W2 5F.U REGISTERED COMPANY NUMBER 04613979 (England and Wales} REGISTERED CHARITY NUIWIBER 1105466 INDEPENDENT EXAMINER Nichols &. Co { AccountancN' ) Limited Chartered Accounthn(s Unli 7 Nlulbcrr%" Placc Pinnell Road Eltham l.ondon SE9 6AR SOLICITORS SPB Laii" CJlade House 52-i4 Carter l.ane London LC4V iLF BANKERS Units" Trust Bank plc Four Brindlei"place Birminoham BRI 2JB Page I
The Beaucham Lod e Settlement ort of the Trustees ror the Year Lnded 31 March 2025 The Trustees submit their annual report and Ihe financial slaiements of The Beauchamp l.odge Settlement for the year ended 31 March 202). -I"he "l-ruslees confimi ihai ihe annual report and financial stsiements of the CharilTr comply Ivith current statutorv requiremenLS, the requirements of the Charits s ooiwernino document and the proNJisions of the Statcmcnt of Rccommcndcd Practicc (SORP) "Accounting and RcpK)rting bi, C haritics" {SORP FRS 102 Re.1cd 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Thc managcmcnt of thc Charity is thc rc5PK)nsibility of a Board of Trustccs iyho arc clcctcd and co-optcd undcr thc tern)s of the conslitulion. Tti]stees are recruited according to Iheir particular skills. knoii'ledge and experience h1¢h are thcn matchcd to thc nccd5 Ot- thc Board of Trustccs. Whcn gaps in skills: kno.1CdgC and cxpcricncc arc idcntificd ncTh' Trustees are sought to fill Ihese oaps. F.xisting Trustees are encouraged to plai." an actii'e part in recruiting neil, Trustees to the Board. Thc Chicf ExccutiN'c, Simon R)'dcr: is accountablc to thc TrustCC5 for thc day-tspday managcmcnt of thc Charitv. Thc other staff emploN'ed by the Charitv are accountable to the Chief F.¥ecuiive. OWECTIVES AND ACTIVITIES The charity's vision, mission and N'alues as folloii's: Organisational Vision community here children, N'oung people. and families are connecied - w each oiher, iheir neighbourhoods and io the enN'ironment we all share - so Ihai the). can thrii'e i'la a sirong sense of place: of belonging and of Ihe impact thev can hal'e on their Orld. BLS Mission Statement Wc do this Tr'ia thc cxccptional Icarning and cnrichmcnt actii-itics i%c offcr on London's onl!, Floating Classruom, and in green and open spaces alon? the cits's M'ateni'as's. Puttin? children: l'ouno people and families at the heart ot the leaming proless, encourage curiosilN: delighi in discoi'en" and nurture a sense ofLonneLiion i%'ith the nalural world. Value5 In achicN'ing thc changc M'c iiant to 5cc in thc M-orld: ii"c ii.ill bc= Ambitious For the children, voung people and families li'e exist for and for ivhat thev are capable of. For thc hopc, agcncTr': and dctcrniination to achicvc wysitii-c cnN"ironmcntal changc that Th'c can cncouragc amongst thc communilies e w'ork w.ith. For .at Th'e can do. a small organisation can haTr"e a bi2 impact. Enterprising We will generaie our 0.n income in support ofour chariu]ble mission through the commercial hire of the boat. We Th'ill use the autonomi, this ojN'es us, to extend ii'hat li-e do so that our actiiwities are inclusii'e and accessible to all the children: young people and lamilies "e e.xisi for. Open To the ideas and insights of evern'one M"e iiork iYith= children. Noun£ people, parents, families, teachers: practitioners, starr, Irusiees. partners: collaborators: funders. To di.ersItY= of thinking.. perspectis'e, life experiences. To collaboration.. good idcas can cumc from an!'w"hcrc so ivc ii.ill ivork Ni"ith othcr5 to achicvc our '1510n. - To change.. we M'ill keep what is good and seek out ivhat is better. Curious Lcarning, d'ClopMCnt, and gro%h starts m.ith cnquin". F.veryone is capable of enquirv: it is exploration, reflection. discoi'en.: and it should nei'er stop. Page 2
The Beaucham Lod e Settlement ort of the Trustees ror the Year Lnded 31 March 2025 Tellacious We ii'ani evervthing we do to be brilliani, and H'e ii'ill do ever¥thing li'e can to make sure it is. We w'ill honestlv ei.alua* our perlomjance - both appreciaiii.elv and crilicall! and acl quickl!, ii.here necessary to make things even better. Compassionate To thc childrLn: I'uung pcoplc, and familics M"c c¥ist for To our staft and i'olunteers To thc cni'ironmcnt 'C all sharc ACHIEVEMENTS AND PERFORMANCE Delivering Public Benefit Thc main actii'itics Th'c hai'c undcrtakcn in thc 12 month5 to thc cnd of March 2025 in furthcrancc of our mission and objectives are set out belo.. Our charitable autil'ities focus on the proi'ision of fun. hands-on learning oppx)rtuniiies for people of all ages on board our Floatino Classn)om. All ot these actii'ities are undertaken to turther our charitable purwses for the public tienefit. The Trustees of BLS Th'ill continue lo adhere to Charity Commission guidance on public benefit in deciding the actiwilies the charitv undertakes no. and in ihe fuLure. Learning Aclivi¢ies Over the 12 months in revieii: Ihe l-'loaling Classr(M)m achiewed the folloii ing- A total 01162 learning and enrichment sessions delii"ered. 118173 % of thc total dcliN-crcd) Ns"crc Icarning actii"itics for primarv schools and primary agc childrcn. 44127 % of the total delivered) ilere oul-of-school hours aciii'ilies for Children: OUng people, and adulis. 2839 participants took part in thcsc Icarning and cnrichmcnt actii"itics 0s.cr 482 dclii'crv hours. Comparcd to thc prcvious vcar, thcsc totals rcprcscnt: 22010 increase in number of sessions (202)-24: 13)) 2jQ/o incrcasc in uniquc participants (2264) 20010 increase in deliveTr' hours {400.5) Se.er&I factors hai'e contribufrd an increase in tKTrth session and parlicipanl numbas in this period compared to 2023-24. Dcniand t-or EduLation ProgrMC trips from schools rcmains high: ii-ith significant proportions of thc acadcmic vcar oversubscribed. "I'his demonsiraies ihe coniinued appeal ofihis unique offer: as iiell as the ongoing success of the Lead Teacher in maintainino excellent standards tor the dei'elopment and delii-er¥' ot actii'ities. Some Minor changes in the approauh to programming these irips ha"e increased fleiibililN': erriciencN', and capaciti,: in partiuular orrering afternoon slots { Ipm-3pm) to schools on datcs 1s.hcrc a trip is alrcadv EKKTrkcd in thc morning (10am-12pm). Progress has also been made toivards the charitv's objectii-e of deliN"erino increased out-of-school hours provision for children: )'oung people and families. -I'he i'olume of ihese aLiii'ilies has increased bj 100 % lup from 22), .hIle the prorK)rtion ol. tsitsl delii'erv has increased more modestl!, b!" 20/0 (up from 250/01. As ii"e approach the upper limits of the Floating Classruom's capacit%. for trips and 5cssions taking placc during thc school daTr, out-ot-_school actiTritics rcmain the principal groThth OPFrtirtunitv for programmes takin2 place on Ix)ard the boat. Commercial Boat Hire Aetivity- The Eleetric Barge The Floating Classr(M)m is marketed for commercial hire as The F.lectric Barge. In 2016: the charity, established a trading subsidiarw for thc5c actii"itics: its solc purw5C is to gcncratc incomc in support of our cducational mission. All protit earned b! the Electric Bar2e is donated to the "parent" charits". Page 3
The Beaucham Lod e Settlement ort of the Trustees ror the Year Lnded 31 March 2025 Thc trading subsidia, _ Thc Elcctric Bargc Limitcd - ha5 a tts'o-pcrson board of dircctor5 comprising thc BLS Trcasurcr and the Bl.S Chief F.xeCuii'e. The dal-to-da!. commercial actii'iiies are led bN' our F.vents Manager. Our kev objeCti.e for The Electric Barge in 2024-25 continued to be to increase income generated fnim the commercial hirc of thc boat. With that in mind: it is plcasing tu rcport turnoN"cr incrcascd bl, 120/0 to £3i1,762, Th"hilc opLrating expenditure grem. by" l jQ/•, generating an operaiing profil of £18.322. This is the highest leTr'el of commercial income The Electric Baroe has ei'er achiewed: surpassing the preTrious best rccordcd in 2019-20. It ha5 bccn a long-tcrni gual to rcturn commcrcial carnings to prc-pandcmic ]cc[S, SO to aLhici'c this noiN' is a wonderful testimon!, to the enterprise and tenacitv of the F.wents Team. Asset Ownership Bl.S oivns the freehold on a four-storeTr' property on Harroiv Roa(L l.ondon WIO. The ground and first floors of the propertv are renied io an estsblished local firni of famil!, la solicitors. The lease agreement with the tenant M'as reneii.ed for 6 l'ears in Auoust 2021. A long-term leaseholder occupies the top floor flat ot the proFth. BLS receiTres no rental income from the leaseholder, but does leNy an annual service charge. Over the course ol Ihe 12 months under reviem". significani defects "ere discovered in ihe rear canalside 'all of the property.. Repair work to address this is scheduled to take pla in summer 2025. Since March 2024, the Bl.S has owned Ihe i'essel. Beauchamp.. on 'hICh all its core activities take place. FINANCIAL REVIEW Since 2017 BI.S has presented separaie accounts for the chariTh? and its subsidiar>'. This reiwiew addresses the pcrformancc of knth cntitics. 'l-he year under rewiew. l April 2024 to )1 March 202) "as ihe firsi l'ear of the Charit,5 2024-27 Ilusiness Plan. After several vears of 'orkIng to one 12-month plan at a time during and in the aftermath of the pandemic, Rl.S ilas finally ablc to raisc its sights and sct morc ambitious objcctiircs for M"hat M"c could achici'c. BLS finishcd 2024-25 M'ith a surplus of £198:099: a sharp incrcasc on that achiciwcd in thc ycar cnding 31 March 2024. This is the result of 'ariouS factors. including.. A doubling in incomc from donations and Icgacics A 41 % increase in grani income Continucd strong carnings from thc charit!'5 trading 5ubsidiaTr: Thc Elcctric Bargc Limitcd. Maintaining rim) control of costs as the charily's aciivilies expanded and dil ersified. It is particularlv pleasing to rew)rt that the charity. has secured long-temi grants from John l.von's Charity, Westminster Foundatiun (LM)th tivc N'cars).. and thc Julia Rausing Trust {thrcc N'carsl. Thcsc proi.idc much-nccdcd stabilits. for our ii'ork, including meeting the salary Losts ofcritical tx)sts such as ihe Programme Manager and Lead .1 eacher. Grant income has also been instrumenthl in helping BLS io eipand and diiwersifi. "hat il olTers lo children, voung pcoplc, familics and communitv" groups. As a rcsulL oi.cr thc past 12 months IN"c hai'c dcliN'"crcd aftci'_school puppei-making and perfomiance clubs. a sioTh'Lelling projecL and in school holidavs i4'e hawe proiwided a wealih or learning and enrichment activities on the Floatin? Classroom and at other locaiions on I near London's watenN'ays, including kavaking, forest school, and printmaking. Thc Floating C'lassrootn ii'-ill cclcbrdtc its 2ith birthda!. in 2026: $0 onc of our funding prioritics has bccn to sccurc grants to retresh the Emiat so that it is tit tor the next quarter centur¥'. This has !"]elded some successes. and the boat ..11] be undergoing an extensii.e refurbishmeni programme in the firsi ihree monihs of 2026 10 ensure ihal il is more environmentally sustainable, accessible 10 all potential beneticiaries. and that it continues to be a ii'.elcomino, attractive and satc vcnuc for all our actis'itics. Page 4
The Beaucham Lod e Settlement ort of the Trustees ror the Year Lnded 31 March 2025 Incomc carncd from our social cntcrprisc. Thc Elcctric Bargc. continucs to makc a critical contribution toTh'ards thc delIer! of core charitable aciiviiies. We see scope for groiith in this area: and 0.er the past 12 monihs hai'e invesied resources in rebranding and in sowing the seeds lor more aciii e markeLing ol the as an ei'ents venue la souial media in spring I summer 202). The stability. of the organisaiion is reflected in the Bl.S balance sheet. With thngible assets bolsiered by the inclusion of thc waluc ot thc boat {hai'ing bccn donatcd b! thc Canal & RICr Trust).. total organisational funds grcw bl, 33. j0/0 in thc year ending 31 March 202). Bl.S coniinues to be financiallTr' stsble. thrii'ing as a proi'ider of excepiional learning and enrichment experiences for childrcn, voung pcoplc and familics: contidcnt in our vision: mi55ion and i"'alucs: and Iwking to thc futurc Thith ambition and inient. RESERVES POLICY Reserves are that part of a charity's unrestricted fvnds thai are freelv ai'ailable to spend on anv of the charity""s purFrt)ses. BLS maintains free unrestricied lunds= 'I'o proi ide a lei el of M'orking capitsl ihat pro1ts ihe coniinuiLI' ofour core ii"o]k To proi'ide a lei'el of tunding tor unexpected opwrtunities To proi'ide CO.er for risks such as unforeseen expenditure or unanticipaied loss of income 'l-ruslees M'ill review. the aboi e criteria "1th reference BLS"s siraieg!. and Annual Plan and delerniine the largei level of tree reserves to meet these crileria. lJnderpinnino this. BLS'S policN' Ilill be to maintain free unrestricted reserves equivaleni ihree months, running costs. -Irusiees i1.ill ai limes designaie funds from free resen'es for significanl projecl costs or replacemeni of major assets. The Bl.S reseTh'es wlici. has been detern)ined in line wilh releant Charity Commission guidance. 'l-he charitN, has general fund reserves of £658:173 (2024: £260:690). The irustees consider the free reserves wiihin the charity to be the unrestricted debtors and cash less unrestricted creditors. resuliing in free unrestricted funds of £164,485 for thc )'car {2024= £179.8021. Thc tru5tccs bclicvc thcsc rc5cnwcs arc sutTicicnt to mcct thc nccds of thc charitp.. During the N'ear, it li.as decided that the desi2nated tunds brouoht toni'ard relatino to property repairs ot £199,)84 ere no longer required and iherefore ihis balanie li.as ii"rillen back the general fund. RISK MANAGEMENT Thc Trustccs rcN'icM'cd and updatcd thc BLS risk rcgistcr in Octobcr 2024. Whcrc rclcN'anL stratcgics and systcms havc been devised and implemenied minimise the rK)ssible impaci of these risks. STATEMENT OF DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER We, as the direliors of ihe CompanN' .hO held otTice ai the date of approval of these financial statements as sei out on page I, each contirm, so tar as ii"e are aiiare: that: thcrc is no rclcvant audit inforniation of which thc Companv's auditor5 arc unaH"arc- and we have taken all the steps that li'e ought to hai-e taken as directors in order to make ourseli'es aiiare of an! relevant audit information and lo esthblish thai ihe Companv's audi are aare of ihal inforn)ation. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument 'I'he charit), is controlled by its goi"eming documenL a deed of (rus¢ and consiiluies a limited companv, limited bv guarantee, as defined bv the Companies Act 2(K)6. Appro.ed by order of the )ard of trUseS on 28th October 202) and si?ned on its behalf by: Hilary Nightingale - Chair Page i
Inde endent Examiner's Re rt to the Trustees of 'I'he Beaucham Lod e Seiilemenl Independenl examiner's report to the trustees of The Beauebamp Lodge Settlement ('tbe Company,) I report to the charl. trustees on mv examination of the accounts ot the Companv for the v&qr ended 31 March 2025. Responsibilities and basis of report As the charity's Irusiees of the CompanN' {and also direciors for ihe purwses of comwdnv law) jou are responsible for the preparation of the accounts in accordance ii.ith the requirements ot the Companies Act 2006 ('the 20 Act,). Having satisfied myself that the accounts of the Compan!, a noi required to be audited under Part 16 of the 2006 Act and arL Lligiblc for indcpcndcnt cxaminatiun. I rcport in rcstKct of mi. cxamination ot-N'our Lharity's accounts as catTicd ut under Section 145 of the Charities Aci 2011 I'the 2011 ACV). In cam'ing out mi, examination I hal'e folloived the Dircctions givcn by thc Charitv Commission undcr Scction 14i(i) (b) of thc 201 l Act. Independent examiner's 5tatetllent Since your chariTh s gross income exceeded £250.0(K) your examiner musi be a member of a listed body. I can confirn) that l am qualified to undertake the examination because l am a member of the Institute ot Chartered Accountants in F.ngland and Wales. Ivhich is one of ihe listed tK)dies. I haN'e completed mv examination. I confimi that no matters hai'e come ¢0 m! attention in connection ivith the examination giving me cause to beliei-e= accounting records H"ere not kept in respect ot the CompanTr as required bv Section 386 of the 2006 Act- or the accounts do not accord il'ith ihose records- or the accounts do not complN' '1th the accountino requirements of Section 396 of the 2(K>6 Act other than any requiremeni that the aicounts gile a Irue and fair N"ieii iihich is noL a mailer considered as pari of an independent examination- or the accounts hawe noi been prewdred in accordance i4.ith ihe methods and principles of the slement or Recommended Praciice for accounting and rewning b!." charities (applicable to charities prepariiig their accounts in accordance Mith ihe l-inancial RepKTrrting Sthndard applicable in the UK and Republic of Ireland {FRS 102)). I have no concerns and hai'e come across no other maners in connection .]lh the examination to 'hICh attention should bc draTh'n in this rcport in ordcr to cnablc a propcr undcrstanding of thc accounts to bc rcachcd. Steven Nichols FCA, CTA Thc Institutc of Chartcrcd Accountants in England and Walcs Nich(Trls & Co ( Accountancy ) Limited Chanered Accountants Unit 7 Mulberry Place Pinnell Road Lltham London SL9 6AR Dale.. Page 6
The Beaucham Lod e Settlement Statement of Financial Activities ror the Year Lnded 31 March 2025 31.3.25 Totsl runds 31.3.24 Totsl runds Unreslricted funds Restricted rund Notes INCOME AND ENDOWMENTS FROM Donations and legacies J79,821 379,821 177,719 Charitable activities Gtants 81.978 136.234 218.212 155,121 Incomc from schoo15, communitv group5 and prii'ate hire Ini'estment income 18.929 26.791 18.929 26.791 35,786 24,250 Total 507,519 136,234 643.753 392,876 EXPENDITURE ON Charltable activities Siarrcosls Freelance workers and professional fees Repairs: maintenance and mooring costs Boat insurancc Propertv and venue hire costs Catering costs orrice costs 121.406 15.736 2.944 10.)18 14.oii 4.)96 124.i39 184.978 28.604 38.769 10.518 27.724 6.036 133.399 143,669 23,605 43,255 10,938 6,732 4,243 127,618 12.868 -440 8.860 Other 15.626 15.626 7,250 Total 309.420 136.234 445,654 367,310 NET INCOME 198,OW 198,099 25,566 RECONCILIATION OF FUNDS Total tunds brought toni-ard 589.802 589,802 564,236 TOTAL FUNDS CARRIED FORWARD 787.901 787.901 589,802 The noies forni part of these financial statements Page 7
The Beaucham Lod e Settlement Balance Sheet JI Marlh 202) 31.3.25 Totsl runds 31.3.24 Totsl runds Unreslricted funds Restricted rund Notes FIXED ASSETS Tangible assets Invcstmcnt propcrt! 12 13 213.416 410.0(K) 213.416 410.000 410,000 62).416 623,416 410.000 CURRENT ASSETS DLbtors Cash at bank 14 181.796 44.261 28,173 116.752 209.969 161,013 176,573 101,790 226.057 144.925 370,982 278,363 CREDITORS Amounts falling due Th'iihin one year 15 161.572) (144.925) (206,497) (98.561) NET CURRENT ASSETS 164.485 164,485 179,802 TOTAL ASSETS LESS CURRENT LIABILITIES 787.901 787,901 589,802 NET ASSETS 787.901 787.901 589,802 FUNDS Unrcstrictcd funds= General fund Designated tund Rewaluation reserve 16 658,173 260.690 199.384 129,728 129,728 787,901 589.802 TOTAL FUNDS 787,901 589,802 'I'he charitable company is entitled to e.xempiion Irom audil under Seciion 477 of the Companies Act 2006 for ihe vear ended 31 March 2025. The members ha'e not required the companv to obtain an audit of its financial statements for the vear ended 31 March 202) in accordance .]i Seciion 476 olihe Companies Aci 2006. 'l-he trustees acknow'ledge iheir respN)nsibilities for (a) ensuring that the charitable compan!. keeps accountin? records that complN' ii.ith Sections 386 and 387 of the Companics Act 2006 and preparing financial statements which give a true and fair i-ieii- of the state of affairs of the charitable company as at the end of each financial )'ear and of its surplus or deficii for each financial vear in accordance ii'ith the requirements of Sections 394 and 39) and ii,hich otheni.ise compll." ii.ith the requirements of the Companies Act 2006 rclating to tinancial statcmcnts, 50 far as applicablc thc charitablc companj. (b) The noies forni part of these financial statements Page 8 continued...
The Beaucham Lod e Settlement Balance sheet- continued JI Marlh 202) Thcsc financial statcmcnts hai'c bccn prcparcd in accordancc ii.ith thc pro15105 applicablc to charitablc companies subjeci to the small companies regime. The financial statements ii.ere approved b! the Board of Trustees and authorised for issue on 281h October 2025 and Ivcrc signcd on its bLhalf b!.: Hilary Nightingalc- Chair Charles Middleton - Treasurer The noies forni part of these financial statements Page 9
The Beaucham Lod e Settlement Cash Floiv Statement ror the Year Lnded 31 March 2025 31.3.25 31.3.24 Noies Cash flows from operating activities Ch gLnLratcd from operations Interest paid 18 281.757 1,165 4,413) Nct cash proN'idcd by/lu5cd in) opcrating actii'"itics 281.757 13,2481 Cash flows from investing activities Purchase of tangible fixed assets Intcrcst rccciTr'cd (22J,850) 1.316 Net cash {used in)/provided b!, ini'esting act1.111es 222,534) Cash nows from finaneing activities Loan repayments in )'ear i4,167) Net cash provided byl(used in) financing aclii'ities 54.167) Change in cash and cash equivalents in the reportillg period Cash and cash equivalents at the beginning of the reporting period 59.223 (57,415) 101.790 159,205 Cash and eash equivalents at the end of the reportillg period 161.013 101,790 The noies forni part of these financial statements Paoe 10
The Beaucham Lod e Settlement Notes to the Financial Statements ror the Year Lnded 31 March 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEi¥IENTS The tinancial statements of the charitable compan!": ii.hich is a public benefit entit!. under FR£ 102, have been prcparcd in accordancc ii.ith thc CharitiC5 SORP IFRS 102) 'Accounting and Rcporting bN' Charitics.. Statcmcnt of Recommended Practice applicable to charities preparing their accounts in accordance u.'ith the Financial Rcporting Standard applicablc in thc UK and Rcpublic of Ircland IFRS 1021 lcffccti'C l January 20191,, Financial Reporting Standard 102 The Financial Reportino Standard applicable in the IJK and Republic of Ircland, and thc Companics Act 2006. Thc financial 5tatcillcnts havc bccn prcparcd undcr thc historical cost coni.'ention. INCOME CJrant income is recognised in the period for 14thich all incomino resources are included in the Statement of Financial Actiiwities Th'hen Ihe CharitN' is legalli. entitled to the income and the amount can be quantified '1th rcasonablc aLcurac)'. Such income is onlTr' deterred ,hen.. -I"he donor specifies that ihe granL or donation musi onl!." be used in fulure accounting periods: or The donor has imposed conditions ii.hich must be met betore the CharitN". has unconditional entitlement. EXPENDITURE Liabililies are recognised as e.xpendilure as soon as ihere is a legal or consiruciii'e obligation commilling the charit&. to that eypenditure. it is probable that a transfer of economic benefits ii.'ill be required in settlement and the amount of ihe obligaiion can be measured reliabli". Lipendilure is accounled for on an accruals basis and has been classified under headings that aggregate all cosi related to ihe caiegoTh'. Il'here costs cannot be directly aiiribuied to particular headings ihe!" haie been allocaied io aciii'ilies on a basis consislenl li the use or resources. TANGIBLE FIXED ASSETS Dcprcciation is providcd at thc folloiving annual ratcs in ordcr to IlTitc off cach assct owcr its cstimatcd uscful life. Plant and machinffv Fixturcs and fittings Straight line oi'er 25 vears Straight linc oi.cr i vcars All asscts C05ting morc than £ 1.000 arc capitaliscd. INVESTMENT PROPERTY In'eStmentS are sled al market i'alue at the balance sheet dale. The sraiement of financial activities includes the nct gains and105scs arising on rcvaluations and dispK>sals throughout thc )'car. TAXATION The charit! is exempt from corporaiion tax on its charitable actIli1es. FUND ACCOUNTIIYG CJeneral funds are unrestricted funds which are aN"ailable for use at the discretion of the Trustees in furtherance olthe general objects ofthe Charitv and which ha"e noi been designaied for oiher puryx)ses. Designaied funds comprise unresiricied lunds thai hai"e been sei aside bv the -l-rusltts for particular purposes. The aim and use of each designated fund is set out in the notes to the tinancial statements. Restricted funds are fi]nds i1.hich are to be used in accordance ii.'ith specific restrictions imposed by donors or IN"hich hawc bccn raiscd b!. thc Charits- for particular purwscs. Thc cost of raising and administcring such funds is charged against the specific fund. The aim and use of edch restricted tund is set out in the notes to the rinanLial staiements. HIRE PURCHASE AND LEASING COIIIMITMEIYTS Rentals paid under operating leases are charged the Staiemenl of Financial ActiTrities on a straight line basis oN'cr thc pcriod ot-thc Icasc. Pagell continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 ACCOUNTING POLICIES- continued PENSION COSTS AND OTHER POST-RETIREME]¥T BENEFITS The charitable compan!" operates a defined contribution pension scheme. Contributions pavable to the charitablc Lompan) s pcnsion schcmc arc chargcd to thc s1CmCnt of Financial Actiwitics in thc pcriod to ii".hich Ihe). relate. GOING CONCERN Thc trustccs considcr that thcrc arc no rnatcrial unccrtaintics aEK)Ut thc charitablc company's ability to continuc as a going concem. The trustees do not consider Ihat Ih¢Te are anN' urCeS of estimation uncertainti, at the rcporting datc that hai'c a significant risk of causing a matcrial adjustmcnt to thc carrving amounts of asscts and liabilities iyithin the nexl reporting period. DONA TIONS AND LEGACIES 31.3.25 31.3.24 Donations 379,821 177,719 INCOME FROM SCHOOLS. COMMUNITY GROUPS AND PRIN'ATE HIRE 31.3.24 Lducational income from sch] and communil!, groups 18,929 ILYVESTMEIYT INCOME 31.3.25 31.3.24 Rcnts rcccii'cd Deposii accouni interest 25,475 1,316 24,250 26.791 24,2iO INCOME FROM CHARITABLE ACTIVITIES Unrestricted ReStriCd Total l-unds 31.3.25 Total l.-unds 31.3.24 31.3.2) 31.3.2i Grants 81.978 136.234 218,212 155,121 81,978 136.234 218.212 155,121 Page 12 continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Staff costs FrcLlancc ivurkcrs and profcssiunal fcc5 Repairs, maintenance and moorine costs Boat insurancc Propen! and venue hire costs Catcring costs Office costs 184.978 28.604 38,769 10,)18 27,724 6.036 184.978 28,604 38,769 10,518 27.724 6.036 133.399 17,276 312.7)2 17276 430,028 SUPPORT COSTS Goi'ernance costs Manaoement Totals otTicc costs 97.7)3 19,523 117,276 Support costs, includcd in thc aLK)Tr'c, arc as folloH"s= Officc costs Total actiiwities Admin staff cosls Wcbsitc Travel and subsistence Insurance Al[latiOn fees and iraining Telephone Postage and staiionery SundTr' expenses Computer cos VAT disalloiied Professional fees Accountancy 86,446 419 31 2,191 1,187 2,965 1,727 1,230 I,)57 4,773 5,356 9.394 85,938 931 13 1,232 1.249 2,918 579 1,798 2.153 946 7.018 8,646 117.276 113,421 ET INCOMEI{EXPENDITURE) Net incomal(expendilure) is sthied afier chargingl(crediling)= 31.3.25 31.3.24 Dcprcciation - 0cd asscts Hire of plant and machinery Othcr opcrating Icascs 10,434 27,724 12,3)9 10,124 Page 13 continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 TRUSTEES, REMUNEIL4TION AND BENEFITS 'I'here iiere no irusiees, remuneraLion or oiher benefits for the vear ended 31 March 2025 nor for the vear ended 31 March 2024. TRUSTEES, EXPENSES 31.3.25 31.3.24 Trustccs cxpcnscs io. STAFF COSTS 31.3.2) 31.3.24 Wages and salaries Social sccuritN' Losts Pension Costs 229.073 19.044 5,201 199.239 15,042 4.109 253,318 218,390 Thc Charih. ctnploi's a Chicf ExcLutii"c: Dcputv CE and Programmc Managcr, Administrator, Lcad Tcachcr, F.vents Manager, and Roat 0ra[10n$ Manager. The average monthly number of emploN'ees during the N'ear ivas as follo's: 31.3.24 Ai'erage number of employ.ees No cmployccs rcccivcd cmolumcnts in cxccss of £60:0(K). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricied funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 177,719 177,719 Charilable activities Cjrants 80.)30 74,)91 155,121 Income trom schools, communits. groups and prii'atc hirc Ini'estment income 35,786 24.250 3),786 24,250 Total J18,285 74,)91 392,876 EXPENDITURE ON Charitable ac¢ivilies Staff costs Frcclancc workcrs and profcssional t-CC5 Repairs: maintenance and m(Kiring costs Boai insurance Properry and venue hire costs Catcring costs Office costs Trustccs. cxpct15LS Other 109.385 19,120 35.036 8.860 5.453 4.243 103.365 34,284 4,485 8,219 2,078 1,279 143,669 23,605 43,255 10,938 6.732 4,243 127,61 24,246 7.250 7,250 Page 14 continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 ii. COMPARATIVES FOR THE STATEMEIYT OF FINAIYCIAL ACTIVITIES- continued Unrestricied Restricted runds fund Total runds Total 292.719 74,)91 367,310 NET INCOME 25,)66 25,566 RECONCILIATION OF FUNDS Total funds brought foThiard 564.236 564,236 TOTAL FUNDS CARRIED FORWARD i89.802 589,802 12. TANGIBLE FIXED ASSETS Fixtures Plant and machin rillings Totals COST At l April 2024 Additions Disposals 12,361 223,850 12,361) 214.600 9,250 112,361) At 31 March 2025 214.600 9,250 223,850 DEPRECIATIOLY At l April 2024 Charoe tor l'ear Lliminated on disposal 12,361 1.850 12,361) 12.361 10,434 12.361) 8,)84 At 31 March 2025 8,)84 1,850 10,434 NET BOOK V'ALUE At 31 March 2025 206.016 7,400 213.416 At 31 March 2024 13. INVESTMENT PROPERTY FAIR VALUE At l April 2024 and 31 March 2025 410,000 NET BOOKVALUE i 31 March 202) 410,000 At 31 March 2024 410,000 Fair 'alue at 31 March 2025 is represented bv: Valuation in 2022 410,000 Page li continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 13. INVESTMELYT PROPERTY- continued If investment property had noi been rthalued il Mould hai"e been included ai the following historical cosi: 31.3.25 31.3.24 Cost 280.273 280,273 Thc invcstmcnt propcrty. M'"as N'alucd on an on markct basis on 19 Fcbruary, 2022 bv Sloan Propcrty Scnwiccs. 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Amounts uw'cd by group undcrtakings Oiher debtors Prcpa)'mcnts and accrucd incomc 2,729 169.846 2,314 35,080 4.361 147,168 9.003 16,041 209.969 176,573 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Tradc crcditors Social securiry and other taxes VAT Other creditors AcLruals and dcfcrrcd incomc Accrued expenses Deterred grant income 12,004 5,948 2,667 813 6,)69 6,071 172,425 11,295 5.225 1,788 7,775 3.000 69,478 206.497 98,561 16. MOVEMENT IN FUNDS Net moi"ement in funds Transfers beiiieen tunds At 1.4.24 At 31.3.25 Unrestrieted funds General fund Designated fund Revaluation reserve 260.690 199.384 129.728 198.099 199,384 (199,384) 658,173 129,728 589.802 198.099 787.901 TOTAL FUNDS 589.802 198.099 787,901 Page 16 continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 16. MOVEMELYT IN FUNDS- continued Net movement in lunds, included in the atKTrve are as folloi48= Incoming resources Rcsourccs expended Movcmcnt in funds Unrestrieted funds Gcncral tund 507.i19 (309,420) 198,099 Restricted funds Restricted fund 136234 (136,234) TOTAL FUIYDS 445,654) 198,099 Comparatives for movement in lld5 Nct moN'ement in tunds At 1.4.23 At 31.3.24 Unrestrieted funds General fund Designated fund Revaluation reserve 235.124 199.384 129.728 25,566 260.690 199,384 129,728 564.236 25,)66 589,802 TOTAL FUNDS 564.236 25,566 589,802 ComparatiN'e net mowemeni in funds: included in the at¥)N"e are as lolloi¥s: Incoming resources Resources expended Movemenl in funds Unrestrieted funds General fund 318.285 (292,719) 25,566 Restricted funds Restricted fund 74,)91 (74,591) TOTAL FUNDS 392.876 367,310) 25,566 Page 17 continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 16. MOVEMELYT IN FUNDS- continued current vear 12 monihs and prior vear 12 months combined wsiiion 15 as folloii's: Nct moi'emeni in funds Transfcrs 'een fund5 At 1.4.23 At 31.3.25 Unrestricted fullds General fund Dcsignatcd fund Re.aluatIOn reseTh'e 235.124 199.384 129.728 223,665 199,384 (199,3841 658.173 129.728 223.665 787,901 TOTAL FUNDS 564.236 223.665 787 901 A current vear 12 months and prior j'ear 12 months combined net moi'ement in funds, included in the abOe are as fulloii-'s'. Incoming resources Rcsourccs expended Moi'cmcnt in funds Unres¢rieted funds Cjeneral tund 825,804 (602,139) 223,665 Restricted funds ReslriLted fund 210.825 (210,825) TOTAL FUNDS 1,0)6.629 812,964) 223,665 17. RELATED PARTY DISCLOSURES The Electric Barge Limited 'l-he Llectriu Barge Limiied is the trading subsidiaTh ofThe Beauchamp Lodge Seiilement. 'I'he Llectric Barge Limiied is regisiered in Lngland and Wales, and the companv regislralion number is 09952676. The registration otfice address of The Electric Bar?e Limited is Studio 63 Great Western Studios, 65 Alfred Road. London. W2 iLU. During thc i'car, thc Charitv rccciN-cd donations and contributions toNI"ards costs of £178:446 (2024= £170,Oi9) from The F.leciric Barge l.imited. At the year end, the Charitv ivas owed £169.846 (2024: £147.168) from The F.lectric Barge Limited. This loan carrics no intcrcst and is rcpal'ablc on dcmand. Westminster City Council During the vear, the Charity received grants of £24,05912024.. £19,897) from Westminster Citv Council. Trustcc Saccd Oluii'-adipc is an cmploi'cc of -CstMIStcr Cits. Council. and Trustcc and Vicc Chair Angcla Piddock is a Westminster City Councillor. Page 18 continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 18. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATIIYG ACTIVITIES 31.3.25 31.3.24 Net income for the reporting period (a5 per the Statement of Financial Activities) Adjustment5 for: Depreciation charoes Intcrcst rcccivcd Interest paid Incrcasc in dcbtors Increase/(decrease) in creditors 198,099 25,566 10,434 (I,i161 4.413 14,5671 24,247) 133.3961 107,936 Net cash provided by operat10115 281,757 1,165 19. ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At31.3.25 Lyet cash Cash at bank 101.790 161.013 101.790 59223 161,013 Tolal 101.790 i9.223 161,013 20. GRANTS RECEIVED DURING THE YEAR British Land (BL) aw'arded BLS a grant io delii.er Life AfloaL the l-'loaiing Classroom's local arealcanal herilage project: in summer 2024. BLS was aiTrardcd grants from thc Holidav Actii"itics and Food {HAF) programmc - administcrcd Ilia Young Westmin51er I'oundation - delii er 4 ITr#'eek-long puppel-making and perfonnance projects during the Lasler: Summer, and Christmas 2024 school holidaN"s. In December 2024, Gartield Weston Foundation aivarded BLS a grant to"ardS runnino costs. In September 2023, BLS receii'ed the final instalment of the John Lvon's Charits s (JLC} Additional Support Grant. parl of w'hich 'aS Larried forniard into 2024-25. JLC awardcd BLS a fivc-vcar Opcn Programmc Grant in March 2024. 'I'he Rose Foundation awarded BLS grants iom.ards small building 1%"051repairS on the l--loaLing Classroom. Wcstminstcr Citv Council (WCC) Comrnunitv Prioritics Programmc aM"ardcd BLS grants to dc11cr trips for communiry groups in North Westminster. WCC Church StreeL Harro Road. Hvde Park. l.iitle Nlenice. Maida Nfale: Queen's Park, and Westboume Ward Councillors aw'ardcd BLS grants to dclis.cr Icarning trips for primary schools in thosc iiards in 2024-25. WC.C North Paddington CrcatC5 aM"ardcd BLS a grant to d'clOp and dclii'cr an aftcr-school puppct-making and perfom)ance project in partnership ii.iih Ihe Puppei Barge. In Januarv 2025. Westminster Foundation paid the first instslment of the five-year Partnership Grant it had aTh'ardLd BLS in Scptcmbcr 2024. The Whitele! Community Foundation aiiarded BLS a to deliN"er learning trips for schools in its area of benefit. Page 19 continued...
The Beaucham Lod e Settlement Notes to the Financial Statements - continued ror the Year Lnded 31 March 2025 20. GRANTS RECEIVED DUIUNG THE YEAR- continued 'I'he William Gibbs Religious & Lducaiional -l-rusi (WGRL'I-) aiiarded BLS grants 1014.ards running cosls. In Januarv 2025: Young Wcstminstcr Foundation {YWF) aii"ardcd BLS a Brightcr Futurcs grant to dclii'cr a stor¥'telling project for children. voung people. and families in Westminsier. The ii,hole of this grant 'aS carried for¥s'ard into 2025-26. Paoe 20
The Beaucham Lod e Settlement Detailed Statement ot Financial A1vIlieS ror the Year Lnded 31 March 2025 31.3.2) 31.3.24 INCOME AND ENDOWIIIEIYTS Donatiolls legacie5 Donations 379.821 177.719 Income from sehools, community groups and privgte hire Educational incomc trom sch] and communit groups 18.929 35.786 Investment ineome Rents received Deposit account interest 25,475 24,250 26,791 24,250 Charitable activitie5 Grants 218,212 155.121 Total incoming resources 643,753 392,876 EXPENDITURE Charilable aclivities Statf costs Soiial securi Pensions Propertv and venue hire costs Rent and rates Staff training and rccruitmcnt Boai insurance Catering cos Freelance workers Rcpairs, maintcnancc and mooring costs 178.895 4.602 1.481 27,724 6.965 9.158 10.518 6.036 28.604 i8,769 142,348 ,321 6,)68 3,186 10,938 4,243 23,605 43.2)5 )12,752 246.6J2 Other IndLpLndcnt cxamination fccs Plant and machinerv FixturLs and fittings Bank loan interest Bank chargcs 4.975 8,)84 1.850 2,625 4,413 212 217 l i,626 7,250 Support costs Management Admin statTuosts Website Carried fornl'ard 86,446 419 86,865 85.938 931 86.869 This page does not fomi part of the statutorv financial staiements Paoe 21
The Beaucham Lod e Settlement Detailed Statement ot Financial A1vIlieS ror the Year Lnded 31 March 2025 31.3.2) 31.3.24 Management Brought fornard TraN'el and subsistence InsuranLc Affiliation fees and training TclLphonc Postage and stationer Trustccs. cxpcnscs SundTh' expenses Computcr costs 86,865 31 2.191 1,187 2.965 1,727 86.869 13 ,232 ,249 2,918 579 ,798 2,li3 l.i57 97,753 96.818 Governanee costs VAT disalloiN"cd Professional fees ALcountanLV 4.773 946 7,018 8,646 9.394 19,523 16,610 Total resources expended 445,654 367,310 et ineome 198.099 25.566 This page does not fomi part of the statutorv financial staiements Paoe 22