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2021-12-31-accounts

Annual Report and Financial Statements 2021

Annual Trustees Report and Financial Statements

The Benenden Charitable Trust

(A Company limited by guarantee)

for the year ended 31 December 2021

Company Number: 05213807 Registered Charity Number: 1106287

Annual Report and Financial Statements 2021

CONTENTS

PAGE
Company Information 3
Trustees’ Annual Report 4-8
Statement of Trustees’ Responsibilities in respect of 9
the Trustees’ Annual Report & Financial Statements
Independent Auditor’s Report to the Members of the Benenden 10-13
Charitable Trust
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Financial Statements 16-19

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Annual Report and Financial Statements 2021

COMPANY INFORMATION

Trustees: Paula Clark
Celia Hadfield
Vanessa Moore
Secretary: Richard Johnston
Registered Office: Holgate Park Drive
York
North Yorkshire
YO26 4GG
Registered Auditors: Deloitte LLP
1 City Square
Leeds
LS1 2AL
Solicitors: Addleshaw Goddard
Sovereign House
Sovereign Street
Leeds
LS1 1HQ
Bankers: National Westminster Bank Plc
250 Bishopsgate
London
EC2M 4AA
Registered Number: 05213807
Country of Incorporation: England and Wales

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Annual Report and Financial Statements 2021

TRUSTEES’ ANNUAL REPORT

The Trustees (who are also directors of the Charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of The Benenden Charitable Trust (‘the Charity’ and ‘the Company’) for the year ended 31 December 2021.

TRUSTEES

The Trustees confirm that the annual report and financial statements of the Charity comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”).

This Trustees’ report, which includes the directors’ report prepared for the purposes of company law, has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

The record of attendance at meetings of the Trustees of the Charity during the year ended 31 December 2021 is stated in the table below.

Called to Attended
C Hadfield 4 4
P Clark 4 4
V Moore 4 4

CONSTITUTION

The Benenden Charitable Trust is a private Company limited by guarantee registered in England and Wales (number: 05213807), which is also a charity registered in England and Wales (number: 1106287). It is governed by the Articles of Association of the Company.

The Trustees of the Charity are responsible for the overall governance of the Charity and are also the Directors of the Company appointed in accordance with the Articles of Association. The appointment of Trustees is determined by the Articles of Association of the Company and by the Companies Act 2006 as amended. The Trustees are appointed and removed by the Company in a process by which the Trustees recommend prospective Trustees to the Benenden Healthcare Society Limited (‘the Society’) Board Nominations Committee, who in turn make a recommendation at a Society Board meeting where a decision to appoint is made by consensus. The sole member is the Society and its Board of Directors expressed the desire that the Trustees should number from three to five inclusive and should consist of the following:

Trustees meet at least four times a year to review strategy and operational performance and set operating plans and budgets. Newly appointed Trustees receive an induction pack containing everything they need to know about the Charity and its work for effective and informed decisionmaking. Training needs are identified through individual discussions.

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Annual Report and Financial Statements 2021

TRUSTEES’ ANNUAL REPORT (CONTINUED)

OBJECTIVES AND ACTIVITIES

The principal objectives of the Charity are, for the public benefit, the relief of sickness including the improvement of health and wellbeing and the relief of hardship and distress, in particular but not limited to where this is caused by sickness, infirmity, disability or any medical condition. The Charity carries out its objectives by providing grants to the members and former members of the Society, their nominees and, if the Trustees think fit, to other persons in need. These grants can be to relieve sickness, improve health and wellbeing and relieve financial hardship and distress.

In setting the Charity’s objectives and planning its activities the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit. To ensure the benefit provided by the Charity is available to a sufficient section of the public, applications are accepted from individuals who have never been a member of the Society when referred from a partner charity, currently the Charity for Civil Servants, The Rowland Hill Fund, BT Benevolent Fund, Benenden Hospital and The Hospital Saturday Fund.

The Charity’s strategic aims for 2021 were to continue raising visibility and awareness among members and the operational team to ensure a steady flow of applications, maintaining an appropriate level of grants agreed.

The main objective for the year was met with 67 (2020: 74) applications awarded financial support.

ACHIEVEMENTS AND PERFORMANCE

In 2021 the number of applications received by the Charity (116) reduced slightly on the previous year (121). During 2021 staff in Member Services, where the majority of referrals are identified, continued to work both from home and on a hybrid basis from both home and office. The number of calls handled by Member Services was at a lower level than pre-Covid and staff turnover was higher during this period. These facts inevitably had an impact on the number of cases referred to the Charitable Trust. In addition, an internal review was undertaken within the Charitable Trust to ensure a robust and rigorous process was being applied to all cases. The tightening up of procedures may also have impacted on the number of grants awarded.

Training sessions continue for the new Benenden Health starters, as well as sessions for the Society’s Member Services team, who are the Charity’s key referral source. Clear communication of the grant making criteria and processes meant that of the 116 (2020: 121) applications received, 67 (2020: 74) grants were agreed, 14 (2020: 17) declined and 26 (2020: 13) were withdrawn and the remainder were under assessment and awaiting a final decision. Payments totalling £80,615 (2020: £125,423) were made in grants ranging from a few hundred pounds to several thousand pounds.

Trustees and Management have continued to work together to improve in a number of risk areas including development of the Charity’s strategy, progress against which is monitored at quarterly Trustee meetings.

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Annual Report and Financial Statements 2021

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FINANCIAL REVIEW

The Charity’s Statement of Financial Activities for the year is set out on page 14. The financial statements comply with the 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).

The Charity’s income is primarily from an annual donation from the Society, with additional funds from individual member donations, legacy and fundraising.

During the year donation income totalled £191,923 (2020: £1,809); comprising £150,000 (2020: £nil) from the Society and £41,923 (2020: £1,809) from other general donations, legacies and fundraising. In addition, the Society provided a donation in kind of running costs to the value of £42,313 (2020: £78,415)- the reduction on 2020 was due to a departmental restructure which reduced staff numbers from two to one. Cases of benefit handled in the year were awarded £80,615 (2020: £125,423) in financial support. Funds, all of which are unrestricted, at 31 December 2021 stood at £182,518 (2020: £82,735).

GOING CONCERN

The Trustees have a reasonable expectation that the Charity has adequate resources and that there are no material uncertainties that cast significant doubt about the ability to continue in operational existence for a period of at least twelve months from the date when the financial statements are authorised for issue.

The Trustees have considered that the Charity has significant liquidity in cash reserves, minimal overheads since staff costs are met by the Society, and full discretion to make grants only to the extent that cash reserves are available. The Trustees are reassured that its financial position provides a resilient platform to withstand the difficult conditions that will continue for the foreseeable future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

When complete, the Board comprises from three to five Trustees nominated from the Society’s Board of Directors and appointed from the Branches or as Independent Trustees. The Trustees are deemed to be the key management personnel.

RELATED PARTIES

The Charity’s related parties are its Trustees as detailed on page 3 and The Benenden Healthcare Society Limited, further information on related parties are disclosed in note 11.

REFERENCE AND ADMINISTRATION DETAILS

The Benenden Charitable Trust is a Company limited by guarantee (number: 05213807), which is also a registered charity (number: 1106287). It is governed by the Articles of Association of the Company.

During the year, no Trustee received any remuneration, and was only reimbursed for reasonable expenses incurred in pursuit of their duties as Trustees of the Charity. All expenses were fully met by the Society. The Trustees of the Charity at 31 December 2021 and up to the date of this report are listed on page 3.

INSURANCE OF TRUSTEES

The Society maintains insurance for the Trustees in respect of their duties as directors and Trustees, at no cost to the Charity.

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Annual Report and Financial Statements 2021

TRUSTEES’ ANNUAL REPORT (CONTINUED)

RESERVES POLICY

The Trustees seek to ensure that the Charity retains an unrestricted reserves balance of £50,000 to cover short term funding of grants. At the year-end the Charity had reserves of £182,518, £132,518 above the target funding requirement.

The Trustees do not in general encourage the retention of income unless for a specific purpose or planned future expenditure. However, retaining the level of reserves would enable the charity to continue operating and to put in place alternative arrangements should its current sources of income, facilities and support be discontinued for any reason.

At the end of 2021, unrestricted reserves represented mainly by cash, constituted more than the £50,000 requirement and the charity seeks to achieve the desired reserves position through continued grant activity to utilise surplus funds in pursuit of the objects of the Charity.

PRINCIPAL RISKS AND UNCERTAINTIES

Credit risk exists where the Charity may have outstanding debtor balances with other group companies and is defined as the risk of loss if another party fails to perform its obligations or fails to perform them in a timely fashion. Exposure to credit risk may arise in connection with a single transaction or an aggregation of transactions (not necessarily the same type) with a single counterparty. Credit risk is managed by regular monitoring of the debtor balances to ensure that Charity is not overly exposed at any point in time to this risk.

Liquidity risk is the risk that the Charity cannot make payments as they become due because there are insufficient assets in cash form. The Charity encounters potential liquidity risk exposures from its fund-raising activities. It principally arises from the unexpected decrease in donations and other sources of fund-raising activities. The Charity manages this by:

TAXATION

The Benenden Charitable Trust is a charity within the meaning of Para 1 Schedule 6 Finance Act 2010. Accordingly, the Charity is exempt from taxation in respect of income or capital gains within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. No tax charge arose in the current financial year.

FUNDS

All donations and other income are unrestricted in nature as there are no designated funds or restrictions. Should there be any restrictions given upon a donation these will be accounted for separately and utilised for the specific use. If the restrictions placed on the donation/legacy are considered too onerous, or unsuitable, the Trustees may refuse to accept the donation/legacy. Donations declined for this reason will be returned to the donor or the applicable estate.

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Annual Report and Financial Statements 2021

TRUSTEES’ ANNUAL REPORT (CONTINUED)

AUDITOR

The auditor, Deloitte LLP, is deemed to be reappointed under Section 487(2) of the Companies Act 2006.

DISCLOSURE OF INFORMATION TO AUDITOR

The Trustees who have held office at the date of approval of the Trustees’ report confirm that, so far as they are aware, there is no relevant audit information which the Charity’s auditor is unaware; and each Trustee has taken all steps that he/she ought to have taken as a Trustee to make himself/herself aware of any relevant audit information and to establish that the Charity’s auditor is aware of that information.

Approved by the Board and signed on its behalf by:

P Clark Trustee 19 August 2022

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Annual Report and Financial Statements 2021

STATEMENT OF TRUSTEES’ RESPONSIBILITIES IN RESPECT OF THE TRUSTEES’ ANNUAL REPORT & FINANCIAL STATEMENTS

The Trustees (who are also directors of The Benenden Charitable Trust for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Annual Report and Financial Statements 2021

Independent auditor’s report to the members of Benenden Charitable Trust

Report on the audit of the financial statements

Opinion

In our opinion the financial statements of Benenden Charitable Trust (the ‘charitable company’):

We have audited the financial statements which comprise:

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report.

We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Financial Reporting Council’s (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 obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability 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 responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Annual Report and Financial Statements 2021

Other information

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 responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material 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 performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, 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 statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable 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, matters related to going concern 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 alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements 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 not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement 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.

A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We considered the nature of the charitable company’s industry and its control environment, and reviewed the charitable company’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.

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Annual Report and Financial Statements 2021

We obtained an understanding of the legal and regulatory framework that the charitable company operates in, and identified the key laws and regulations that:

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

As a result of performing the above, we identified the greatest potential for fraud in the following areas, and our specific procedures performed to address it are described below:

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business. In addition to the above, our procedures to respond to the risks identified included the following:

Report on other legal and regulatory requirements

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified any material misstatements in the directors’ report included within the trustees’ report.

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Annual Report and Financial Statements 2021

Matters on which we are required to report by exception

Under the Companies Act 2006 we are required to report in respect of the following matters if, in our opinion:

We have nothing to report in respect of these matters.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Sarah Anderson (Senior statutory auditor) For and on behalf of Deloitte LLP Statutory Auditor Leeds, UK 23 August 2022

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Annual Report and Financial Statements 2021

Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the year ended 31 December 2021

Income
Donations and legacies
Donations
Other- Society funding of general running costs
Total income
Expenditure
Expenditure on charitable activities
4
Raising funds
Total expenditure
Net income/(expenditure) and net
movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward at 31 December		 Unrestricted
funds
2021
£
191,923
42,313
234,236
(134,399)
(54)
(134,453)
99,783
82,735
182,518		 Unrestricted
funds
2020
£
1,809
78,415
80,224
(211,238)
(216)
(211,454)
(131,230)
213,965
82,735

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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Annual Report and Financial Statements 2021

Balance Sheet
As at 31 December 2021
Company Number: 05213807
Registered Charity Number: 1106287
Cash at bank and in hand
Trade receivables
9
Total Current Assets
Liabilities:
Creditors falling due within one year
10
Net current assets
Total assets less current liabilities
Total net assets
The funds of the charity:
Unrestricted funds
Total unrestricted funds
Total charity funds		 2021
£
191,338
2,065
193,403
(10,885)
182,518
182,518
182,518
182,518
182,518
182,518		 2020
£
96,529
-
96,529
(13,794)
82,735
82,735
82,735
82,735
82,735
82,735

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved and authorised for issue by the Board on 19 August 2022 and were signed on its behalf by:

P Clark Trustee

The notes on pages 16 to 19 form part of these financial statements.

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Annual Report and Financial Statements 2021

The Benenden Charitable Trust Notes to the Financial Statements For the year ended 31 December 2021

1 Accounting policies

The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”) and the Companies Act 2006.

The Benenden Charitable Trust meets the definition of a public benefit entity under FRS 102.

The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for a period of at least 12 months from the date of this report. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. In reaching this assessment the Trustees considered the continuing impact of COVID-19 and the potential impact on the financial position of the Charity. The Trustees have considered that the Charity has significant liquidity in cash reserves, minimal overheads since staff costs are met by the Society, and full discretion to make grants only to the extent that cash reserves are available. The Trustees are reassured that its financial position provides a resilient platform to withstand the difficult conditions that will continue for the foreseeable future.

The following accounting policies have been applied consistently;

Company Number: 05213807

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Annual Report and Financial Statements 2021

The Benenden Charitable Trust Notes to the Financial Statements For the year ended 31 December 2021

1 Accounting policies (continued)

2 Critical accounting judgements and key sources of estimation uncertainty

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Trustees do not consider there are any critical judgements or key sources of estimation uncertainty requiring disclosure.

3 Unrestricted funds

All donations and other income are unrestricted in nature as there are no designated funds or restrictions.

Should there be any restrictions given upon a donation these will be accounted for separately and utilised for the specific use.

4 Analysis of expenditure by type

Expenditure on charitable activities - Grants
7
Support costs:
Audit fees (Governance Costs)
Other costs
Staff costs
Total support costs
Total expenditure		 Total costs
2021
80,615

7,188
3,993
42,603
53,784
134,399		 Total costs
2020
125,423

7,200
812
77,803
85,815
211,238

5 Other costs

These include indirect staff costs (travel, accommodation etc.).

Company Number: 05213807

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Annual Report and Financial Statements 2021

The Benenden Charitable Trust Notes to the Financial Statements For the year ended 31 December 2021

6 Staff costs

The Benenden Charitable Trust does not have any employees and all charitable activities are carried out by two employees of the Society, which donates the costs incurred in performing these activities. As such there are no employees in receipt of emoluments in excess of £60,000 during the year.

7 Analysis of grants

Financial hardship-breathing space, treatment and
equipment
Total		 Grants to
individuals
2021
80,615
80,615		 Grants to
individuals
2020
125,423
125,423

Grants to individuals, are to be used in accordance with the Trustee approved application.

8
Net movement in funds
Are stated after charging:
Audit of the financial statements
9
Debtors
Amounts due from group undertakings
Prepayments		 2021
7,200
7,200
2021
22
2,043
2,065		 2020
7,200
7,200
2020
-
-
-

Amounts due from group undertakings are repayable on demand and are non-interest bearing.

There are no amounts falling due after more than one year included within the above.

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Accruals and deferred income
Grant commitments		 2021

7,200
3,685
10,885		 2020
8,054
5,740
13,794

All the grant commitments at the prior year balance sheet date, were released to the Statement of Financial Activities in the reporting year and all the grant commitments at the reporting balance sheet date, relate to the reporting period.

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Annual Report and Financial Statements 2021

The Benenden Charitable Trust Notes to the Financial Statements For the year ended 31 December 2021

11 Controlling party

The Benenden Charitable Trust is a controlled body of the Society under the provisions of the Friendly Societies Act 1992. Control is affected by the Charity’s constitution allowing all of its Trustees to be appointed by the Society. In addition, the Charity is a subsidiary of the Society under the definition of subsidiary in the Friendly Societies Act 1992. The objects of the Charity are, for the public benefit: the relief of sickness including the improvement of health and wellbeing, the relief of hardship and distress in particular but not limited to where this is caused by sickness, infirmity, disability or any medical condition. The Charity carries out its objects by providing grants to the Members and former Members of the Society, their nominees and, if the Trustees think fit, to other persons in need. Accordingly, the Charity is accounted for as a subsidiary charity of the Society.

The smallest and largest group to consolidate these results is The Benenden Healthcare Society Limited whose consolidated financial statements may be obtained from their registered office – The Company Secretary, Holgate Park Drive, York, YO26 4GG (this is the same address as that for The Benenden Charitable Trust).

The Society is a mutual incorporated in England (Friendly Society no. 480F) which conducts flat-rate benefits business as a cheaper alternative to private healthcare and in addition, together with its subsidiaries, provides a range of general insurance products to its members and the wider public.

The Trustees deem the Society to be the immediate and ultimate controlling party.

12 Related party transactions

The Benenden Charitable Trust had the following transactions in the year with the Society:

Donations and Legacies includes donations of £192,313 (2020: £78,415) which includes a donation of £150,000 (2020: £nil) to assist with funding issued grants and £42,313 (2020: £78,415) which is a donation of resources to cover the running costs of the Charity.

At 31 December 2021, the Society owed the Charity £22 (2020: £nil), this is repayable on demand and is non-interest bearing.

13 Trustee expenses

Trustee expenses
2021 2020
Branch and independent (non-
Board) Trustee expenses		 636 248

No Trustees received remuneration during the current year or prior period, however 2 Trustees (2020: 2) were reimbursed for travel and subsistence expenses (as detailed above). There was an average of 2 non-Board Trustees during the whole of 2021 (2020: 2).

Trustees appointed by the Society are reimbursed for expenses as part of their duties as members of its Board and these are not charged to The Benenden Charitable Trust.

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