BE5SON
STREET
TRUST
BESSON STREET TRUST
(A Company Limited by Guarantee)
Company No. 05862134
Charlty No. 1118010
Annual Report and Financial Statements
For the year ended
31 March 2024
GOLDWINS
CHARTERID 14CCOUNTANTS

Besson Street Trust
Annual Report and flnanclal statements
For the year ended 31 March 2024
Contents
Page
Reference and admlnlstrative information
Trustees, annual report
Independent audltors. report
15
Statement of financlal actlvltles
19
(Incorporatlng an Income and expendlture account)
Balance sheet
20
Notes to the flnanclal statements
21

Besson Street Trust
Reference and admlnlstrative Informatlon detalls of the charlty
For the year ended 31 March 2024
Name of charity:
Besson Street Trust
(Previously known as The New Cross Gate Trust}
Charlty Reglstratlon number:
1118010
Company Number:
05862134
Address of the offlce:
Besson Street Communlty Garden,
Besson Street, New Cross, SE14 5AE.
Charlty Trustees:
Andy Rothery
Wendy Braithwaite
Jo Walker
John Lumley
Pamela Martin
Laura Wlrtz
Matthew Gerry
Janet Bygrave
Treasurer
Co-chair
Co-chalr
{reslgned 22 February 2024)
Company Secretary
Danlelle Prosser
Jullette Bartlett
lappolnted 13 November 2023)
(resl8ned 27 Aprll 2023)
Senlor Statutory Audltor
Anthony Epton
Goldwlns Llmlted
75 Maygrove Road, London, NW6 2EG
Sollcltors
Russell Cooke Sollcltors
2 Putney Hlll, London SW15 6AB
Property Management
Strettons Ltd
Central House,
189-203 Hoe Street, London E17 3SZ
Payroll provlder
Accountablllty Europe Ltd
Omnlbus Workspace
39-41 North Road
London
N7 9DP
Penslon provlder
Scottlsh Wldows

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
Co-chalrfs Report
On behalf of the Besson Street Trust's Board of Trustees, we Introduce the Annual Report for FY 2023-2024.
It has been anotherchallengingyearforthe local communlty of New Cross Gate, with the effects ofthe Cost-
of-Living Crisis continulng to affect the communlty at a tlme of reduced provislon of or harder to reach public
services. The Trust hasn't been immune to thls- we have continued to see a significant need for the services
and support that the Trust provides, while our own costs have Increased with the slgnificant Inflation
experienced over much of the year.
The Trust contlnues to respond well to these challenges. We are, as always, very grateful for the continued
experience and creativity of our staff and volunteers who allow the Trust to provide consistently high
servlces. Our services Include the regular weekly environmental classes for local prlmary school chlldren, a
weekly IT Digital Skills class, a maglcal "wildly fun" summer programme, a new singing group, a "Sew you
Want to Get Out More group and a vlbrant gardenlng clubi plus a wlde range of Adult Education and other
Mental Health and Wellness courses and programmes. At short notlce, the Trustwas able to respond to local
need and provide a large number of hot water bottles to those unable to heat thelr home due to the hlgh
energy costs experienced over the winter. Further detalls of these great projects are set out in further detall
In this Annual Report.
One of the year's many hSghllghts was openlng the doors of our beautlful Besson Street Communlty Garden
for a Community'sunday Funday" where we welcomed over one hundred vlsltors to the garden and where
the hard work and commltmentof ourvolLtnteer gardenerswas much admlred. Other events throu8houtthe
year Included an exhlbltlon of the beautlful work of our Over 60s Crochet Group and hostln8 an afternoon
lunch bringln8 tO8ether and celebratlng local volunteers {Includlng many of our own).
We have been disappolnted to learn of further delays to the commencement of work at the new Besson
Street housing development, adjacent to ourslte. Along wlth a delay to much needed hl8h-quality affordable
houslng in the area, It also means 3 delay to our second, long antlclpated, addltlonal slte to carry out our
service dellvery programme. We contlnue to enga8e In the development process wlth Graln8er and
Lewisham Councll to represent the vlews of the communlty, A partlcular thank you to our Trustee John
Lumley for the huge amount oftlme he has commltted to thls project,
Withln the Trust, the Board of Trustees and staff are engaged Sn further Improvlng our Internal pollcles,
procedures and controls, uslng new HR software and optlmSsln8 use of exlstlng software to allow for the
smooth and efflclent runnlng of the Trust and free up our staffs, tlme to commlt to other projects. Thls Is
Invaluable work that is 8olng on behlnd the scenes, but thatls cruclal for our efflclent functlonlng.
We thank all those Involved, wlth a speclal thanks to our trustee Matthew Gerry, for months of work on the
Trust's renamlng, new values and mlsslon, rebrandlng and new webslte whlch has culmlnated In the Trust
belng renamed the Besson Street Trust, effectlve 26 July 2024. The name reflects the name of our slte at the
Besson Street Communlty Garden and Is the name that our users already Informally use when referrlng to
U5. We are confldent that our new clearer name, alon8 wlth the new values, mlsslon, rebrandln8 and webslte
wlll allow us to more clearly communlcate our servlces and values.

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
On behalf of the Board of Trustees, we want to express our thanks to all our staff and volunteers who have
committed their time and energy over the year, allowlng the Trust to continue to provide high quality
services, support and a welcoming place of nurture and care to our community. We are grateful to all of
those in the community who have Joined our programmes thls year.
We look fopward to next year; we are commltted to continue to work with the community to provide
opportunities for lifelong learning, encouraglng healthy lifestyles, building social networks and enhancing the
environment.
Wendy Bralthwaite and Jo Walker (Co-chairs)

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
Trustees. Annual Report for the year ended 31 March 2024.
The Trustees present their Report and Accounts for the year ended 31 March 2024, which also comprisesthe
Directorfs report required by the Companles Act 2006.
The legal name and operating name of the charity 55: Besson Street Trust. The charity is also known by local
people as 'Besson Street,.
Legal Strurture
The Besson StreetTrust is registered in England and Wales wlth the Charlty Commission In England and Wales
{CCEW) with Charity Number 1118010.
The Charity is constituted as a company limited by guarantee, registered under the Companies Act. The
governing documentof the charity is the Memorandum and Articles of Association establishing the company
under company legislation (company number 5862134) and incorporated on 29 June 2006.
There are no restrictions in the governing documents on the operation of the charity or on its investment
powers other than those imposed by Charity law. By operation of law, all trustees are directors under the
Companie5 Act 2006 and all directors are trustees under charity legislation and have responsibilities as such
under both company and charity leglslation,
Organlsatlonal Objectlves
The objectives of the Besson Street Trust, as set out In our Articles of Associatlon are:
To promote regeneration and community development for the benefit of people of the New Cross Gate
and surrounding area, and to:
Improve employment opportunlties,
Promote training and development,
Raise educational achlevement and promote quallty chlldcare,
Improve health and promote healthy lifestyle cholces, for example through the provlslon and
promotlon of recreational, sports and lelsure facilltles,
Promote good quallty houslng and enhance the physlcal envlronment,
Reduce crlme and improve community safetyi
To pursue such other charitable objects as the Trustees may determlne.
These charltable objectlves are broad and ambltlous for an organlsatlon of our slze. Our vislon, mlsslon, and
strategic objectives therefore help us to focus our actlvitles on what Is currently achievable whlle setting
out our arnbitions for building on these In the future.
Our vlslon Is that the local communlty of New Cross Gate should be able to Ilve happy, healthy, stable and
fulfilled Ilves.
Our mlsslon Is to support our local communltyto bLJlld soclal networks, develop self-confidence, learn new
skills, improve their employment prospects, feel safe and supported, maintain a healthy lifestyle and access
relevant servlces according to their needs.

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
Ourvalues are:
to show passion and commitment to supportlng our local communlty
to value, support and empower everyone as an individual, embeddlng and encouraging principles
of equality and diversity
to deliver hlgh quallty services.
Our strategic objectlves for 2023- 2024 were:
l. to maxlmise the use of Besson Street Community Garden as a hlgh-quality environmental resource
and community asset, to deliver projects which address our education and family learnin&
employment, health, community development and environmental objectives.
2. to support the sustainabillty of other local community and voluntary organisations, through taking a
collaborative approach to delivering against our charitable objectlves. Thls Includes the sharing of
facllities and resources, including offering capaclty bullding training for staff and volunteers, and
where possible providing 5UPPOrtive funding for key local projects.
3, to support local communitydevelopment: achieved throughthe provlsion of free or low-cost dellvery
space, capaclty building training, networking opportunlties, fundraislng support, sharlng Information
and resources through community networks and promoting activities of other groups through our
media and communications systems.
4. to identify issues of local concern to the communlty, share Informatlon, encourage communlty
involvement In local consultatlons and advocate on behalf of the local communlty on local Issues of
concern.
5. to identify new sources of fundlng to rnalntaln exlstlng projects and to develop new servlces
according to identified prlorltles and needs.
6. to secure new communlty premlses and addltlonal Investment Income through the development of
the Besson Street Healthy Llvin8 Centre, enablln8 US to bulld our asset base and throu8h thls expand
our service provision.
Key Actlvitles
We are proud of ourfull programme of actlvltles and servlces offered from Besson Street Communlty Garden
and our off-site provision at New Cross Learn5ng over the past year. Engagln8 wlth a wlde range of people
from across our community with an age range from newborn to 96 years old.
For chlldren and young people
Stay and play for under 5s and thelr famllles- a hlghly popular servlce that we have been able to extend
over thls year offering a longer day on Tuesday alongside sesslons on Monday and Frlday mornin8s. Our
motto Is"raln or shlne" because we offer outdoor play, nature play, every day we are open. We had a record
number of 61 new famllles re8lSter wlth us and we averaged 19 famllles per sesslon.
As wlth all our servlce actlvltles, we can slgn-post famllle5 to useful provSslons they need, and we contlnued
to support familles affected by the cost-of-livln8 crlsls worklng In collaboratlon wlth Feed the Hlll we were
able to have 4 emergency food bag5 on slte at any tlme ready to share.

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
'Birds, bees. trees, and leaves, Envlronmental classes for prlmary schools'_ We engaged with 360 primary
school children from 6 different primary schools In weekly classes throughout the school year. We learn
about the natural world in the urban environment and a whole lot more. We offer a hands-on experience
soil, worms, bugs, bee keeping and more.
.a course of engaging, unique and memorable science-based lessons for our children at Hatcham School...
any child (or adult) would be very lucky to experience one of the lessons at Besson Street Gardens." Sarah
Nicolosl, Year 4 Teacher, Habs South Primary,
Hullabaloo- £1 Ukulele lessons for primary school age chlldren- we are committed to offerlng affordable,
quality music lessons to a wide range of children learning traditional and pop song5 as well improvlsion and
writing their own. We engaged with 14 children regularly In weekly classes.
Wlldly Fun Summer Skllls School- an annual favourite for the team, children taklng part and parents and
carers loaning us their darlings. This yearfs theme was all about trees. There were 90 places available over
two weeks and 62 children taking part, many dolng both weeks. Most chlldren are referred to us by pastoral
care staff at local schools. These children have Identlfied needs and benefit much from the opportunity of
taking part In Wildly Fun.
For Adults
English for Speakers of Other Languages (ESOL) - We can offer 21 hours of free ESOL classes, regardless of
Status, to anyone wanting to learn En8llsh thanks to a flve-year 8rant from Clty Brldge Trust. We offer a
foundatlon stage through to Entry 3/Level l. Over the last year we have worked wlth 43 people from many
different countries of orlgln keen to settle and Integrate Into our communlty,
Dlgltal skllls tralnlng-we offer these classes from New Cross Learnlng• the local volunteer-run Ilbrary. This
collaboration generates a much-needed Income for the Ilbrary and provldes us with access to a partlcularly
good computer suite. This is a much needed and exceedln8ly popular sepllce wlth a teacher that can manage
the many needs of a wlde and varled group. She also offers CV wrltlng and help wlth Job appllcatlon forms.
She is a total treasure In the communlty.
Adult tralnlngcourses-one hundred and eleven people took part In ourone-day and two-day adult tralnln8
courses thisyear. We offerthese classes for people to enhance thelr Cvs and get useful work-related tralning.
These classes ran8e from Emergency Flrst Ald, Pedlatrlcs Flrst Ald, Food Safety, Flre Safety Trainln8,
Safeguardin8 Chlldren and Young People and Customer Servlce.
We trained more than 500 people In flrst ald slnce we started these course5 and FM Conway Constructlon
have paid for defibrillator and serlous bleed kit to be fltted outslde the gardens for communlty use.
Mental Health Flrst Ald Tralnln8 (Level 3)- We have been able to contlnue to offer thls sou8ht after course
thanks to the NCIL 8rant from London Borough of Lewlsham ILBLI. We offer thls tralnlng to 16 frontllne
workers and volunteers In the community as part of our commltment to bullding sustalnabllity.
Sew You Wanna Get Out More- Thls Is a highly productlve sewin8 class where people connect wlth thelr
craft and others In the Communlty. We offer two classes each week where patchwork, appllque, and
embroldery are the order of the day. 19 people have taken part, produclng some amazlng work, over the
past year. Thls class always has a waltln811st.

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
Crochet and Chat- This class was established with fundlng from the London Borough of Lewlsham and Is
nowfunded from ourcore budget. It is Immensely popularwith 11 people registered with the new-to-crochet
people producing some extraordinary work and old hands continuing to surprise and delight us with their
pieces.
Ukulele tor Over 605-This class remains highly popular with 23 people registered and a regular attendance
of 18 at any time. This is a life-afrirming clas5 With our most senlor Ukuleleist being 96 years old. While the
class ha5 mastered many traditional and popular songs, It has mastered laughlng a whole lot more.
Slnglng For Fun- Now in its second year thls group is generously led by a professional muslc therapist on a
voluntary basis. With 11 people regularly attendingi no matter how gloomy they might feel on arrival they
always leave full of joy.
Craft and Chat- a weekly group for anyone who wants to connect with others and be creatlve. Their focus
is on surreal collage art and the work produced Is often qulte astonishing. Thirteen people have taken part in
this class with a regular 9 people each week.
Form Fllllng Servlce- In response to a growing demand for help with paper and online form filling we have
established a volunteer-run form filling and letter writing service. Increaslngly, people are required to have
level of IT competence. We have two amazlng volunteers who have supported 27 people In need of help.
Cuppa Club-Thls is a club run by JOY {Just Older Youth) and hosted by us In the garden. Regularly attractlng
20 people for tea and cake, a laugh, and a chat on the thlrd Friday of every month.
Warm Welcomes - We have benefitted from a Warm Welcomes grant from the London 8orou8h of
Lewisham. £IOOO has allowed us to offer 200 free hot water bottles to anyone struggling wlth fuel bllls; to
provlde hot drinks and snacks throughoutthe wlnter months and produce Ilofree resource packs for seNlce
users. These packs contalned useful Informatlon to tackle the cost-of.Ilvln8 crlsls, Ilsts of soclal supermarkets,
food banks, and money savlng Ideas, where you can get a benefits check done, useful websites on fuel
poverty, debt advlce and health matters. Workln8 wlth Feed the Hlll we were able to dlstrlbute 48 bags of
food shopping.
Advlce and self-advocacy - Worklng In collaboratlon wlth Together for Mental Well-belng we host 3
appointments one afternoon a week. Thls servlce 55 In great demand wlth 92 people uslng thls servlce thls
year. We get referrals from other organlsatlons and throu8h our newsletter, We are worklng on a plan to
Increase this service to six appolntments a week. Many users of thls servlce are sl8n posted to other activitles
and services at Besson Street.
Gardenlng Club - Last but not least, the longest runnlng group at Besson Street Communlty Garden, the
volunteers who work raln or shlne helplng to malntaln and develop thls beautlful comrnunSty asset. We have
a hard-core of gardeners with a wealth of experience between them and we have a steady flow of wonderful
new gardeners of varylng experience but keen and willlng to get stuck In. We have a great working
relationshlps wlth Mlnd, SLAM, Lewisham Colle8e, and local care homes who refer and brlng thelr servlces
users to help us keep the 8arden looklng gorgeous.

Besson Street Trust
Trustees. Report
For the year ended 31 March 2024
Challenges
The cost-of-living crisis continued to domlnate for many ofour servlce users as the voluntary and communlty
sector contlnued to compete for grants and other fundln8. We are almlng to work In partnershlp and
collaboratlvely wlth others in the sector to best dellver servlce5.
Achlevements and Performance
ESOL
Outcomes:
After one term of classes 100% of partlclpants sald they felt more confident In speaklng Engllsh.
Slmllarly, after three terms 100% of participants sald they felt more confident Sn speakSn8 En8llsh.
85% felt more confident acce551ng services such as health care, local authority, schools etc.
Dlgltal Skills
100% felt better skllled after attendlng 4 or more classes
100% of those looking for work felt thelr employment prospects had Improved after completlngjob
searches, Job applications and form fillln8 and CV workshops.
Other adult learnlng Classes and artlvltles
111 people have 8alned employer-valued level 2 and 3 certificates such as Emergency and Paedlatrlc
Flrst Ald, Fire Safety, Customer Servlce, Safeguardln8 and Food Safetv.
16 frontllne workers and volunteers from the communlty sector completed Mental Health Flrst Ald
tralnlng
150 plus people benefitted from regular weekly communlty actlvltles Includln8: sewln8, crochet,
craft, form-filling, advlce and advocacy, slnglng, ukulele and gardenlng.
Children's activitles
61 new famllles Jolned our Stay and Play 5esslon wlth an averaBe of 19 famllles per sesslon.
62 Children had a wild tlme learnln8 all about trees and more at the Wlldly Fun Summer SkSlls School.
14 children took part Sn Hullabaloo ukulele classes.
360 children across slx local prlmary schoo15 took part In our 10-week Blrds, bees, trees, and leaves
envlronment cla55es,
In klnd support
We have glven In-klnd support wlth free room use to JOY, CAW, Ple n Mash, a local adoptlon and
fosterlng group, Tele8raph Hlll Communlty Network, and the Prlmary Care Network for North
Lewisham.
We provlded 40 plus free tralnlng places for workers and volunteer5 In the communlty sector In
Lewosham.

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
Statement of Public Benefit
The Trustees have observed the Charity Commisslon's guldance on public benefit in the preparation of thls
annua5 report and have complied with their duty to have due regard to thls guidance when exercising any
powers or duties to whlch the guidance Is relevant.
We believe that all our activities have a strong public benefit. Our activities help to bring together people
from across all sections of our local community, and impact on their lives by helplng them to feel valued,
build self-confidence, develop social networks, learn new skllls, improve their health and well-being and
access Other services and facilities around them to support them to take greater control of their own lives.
We work with all our beneficiaries on an indlvidual basis, making an effort to understand their story,
encourage them to participate in activlties that we think wlll be of value and direct them to wider sen4ices
that will support their specific needs.
Financlal Revlew and Principal Rlsks
Generally, overthe course of the year. our Income and expendlture have remalned relatively stable, and we
have ended the year with a good level of reserves.
On a usual year, the malorfty of our Income comes from our property portfollo, whlch, when rented out,
provides us with a very sustainable Income stream wlth whlch to deliver the majority of our 5ervlces. This is
supplemented with a smaller proportlon of income from 8rant-based income.
Longer term, there are risks assoclated with the delivery of the new GP sur8ery and Healthy Llvlng Centre:
ensurln8 that this is built fit for purpose, that It wlll Benerate the expected level of addltlonal Income and
that grant funded projects are malntained during the Intervenlng period. We have engaged necessary
surveyors and legal advisors and undertake frequent client meetlngs to review the development process. We
continue to liaise with our existing grant funders and to seek new fundlng to ensure that our dellvery remains
stable in the intervenin8 perlod.
Prlnclpal Fundlng Sources
Property Incorne
Our property portfolio represents the core Income for the Trust, Both commerclal and resldentlal propertles
are rented out at open market rent. Thls Income supports our core costs and overheads, key staff and
Servi￿S.
Regarding our social, envlronmental and ethlcal conslderatlons, we do our best to remaln good landlords,
keeplng the properties in good order, undertaklng repairs and safety checks promptly as requlred, ensurlng
that any rent increases are reasonable and falr. We work hard to resolve any Issues such maintenance, volds
or arrears promptly.
Grants
Grants are belng pursued to enable us to Increase and diversify the range of servlces that we offer, and to
maxlmlse the use of the space that we have In Besson Street Community Garden. Achlevlng grant fundin8
has become Increasln8ly challen8ln81 due to cuts In local authority funding and the consequent Increasln8
pressure placed on key 8rant funders, Thls year we received grants from the followln8 organlsatlons to
support our work:

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
The City Bridge Trust
Neighbourhood Community Infrastructure Levy INCIL)
We would like to thank all ourfunders for thelrvltal support wlth our servlces.
Charges
Small, highly-subsidlsed charges are made for elements of our Adult Learnlng programme, summer school
and music lessons. We also rent our rooms to other communlty groups when these are not belng used for
sep4ice delivery. However, we maintain a focus on provldln8 low-cost spaces and low-cost learning
opportunities to our local community, therefore these tend to produce a relatively small contributlon to our
overall income.
Investments, Banking and Deslgnated Funds
Our day-to-day banking is wlth the Co-operative Bank, where we hold our free reserves and funds for day-
to-day operatin8 expenditure.
We maintaln a designated cash fund for fit-out costs for the future Healthy Living Centre move which is
anticipated in 2028. These funds are held In an interest bearing bond in Redwood Bank which will mature in
Ottober 2024, These costs include legal and monitoring surveyor costs, furniture and IT and any tax liabilities
in connection with the new development.
We also maintain a Charities Ald Foundation {CAF} Bank account which holds funds to support the
maintenance costs of our property Portfollo. Each year, 5% of8ross property rental income is deposited into
this account, less any significant maintenance costs incurred within the year. Given the significant level of
expenditure on properties this year on replacing kitchens and bathrooms in some of our leased properties,
no transfers were made this year.
Reserves pollcy and current reserves
Trustees have a duty to apply the charlty's Income for the benefit of Its beneficlarles, Thls means Income
should be spent rather than Invested. However, for the purposes of good financial management, It Is our
policy that we malntaSn free reserves amountlng to at least three month5 of runnln8 Costs in our maln bank
account.
Th15 is considered necessary to ensure that we have sufflclent funds avallable to provlde contlnulty of servlce
should there be a break in funding, and to ensure we are able to contlnue to be flexlble and adapt quickly to
the needs of the local community.
On 31" March 2024, our free resepies equated to 4,6 months of forecast annual expendlture,
We have the following staff on our payroll:
Strategy and Operatlons Manager- 0.6 FTE
Besson Street Manager and Community Development- l FTE
ESOL Tutor- 0.6 FfE
Stay and play workers x 2- 0.25 FfE
Cleaner- 0.2 FTE
Peer Support Co.OrdSnator- 0.09
10

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
We employ several additional sessional staff who are responsible forthe delivery of speclfic projects,
including the various courses within our Adult Learning Programmes, Mlndfulness sessions, Gardening Club,
Sewing Club, Environmental Learning sessions for primary schools, Ukulele Club and our Summerschool.
Arrangements for setting pay and remuneratlon of key management personnel
During 203124 there were no staff pald more than £60,000.
Our pay ratio is approximately I:1.8 between our lowest and hSghest earning staff, based on FTE
salaries.
Other staff are provlded with a CPI inflation-linked pay increase on an annual basis.
Trustee remuneratlon and expenses
There have been no expenses or remuneration paid to trustees In 2023124.
Structure, Governance and Management
Governing Document
The charity is controlled by its governing document, the Memorandum and Articles of Association. and
constitutes a company limited by guarantee, as defined by the Companles Act 2006.
Recrultment and Appolntment of New Trustees
According to the Articles of A550clation, our Board can be comprlsed of:
up to eight Individuals representlng the communlty of Newcross Gate
up to two representatives of local communlty 8roups
up to one representative of the local authorlty
up to one representative of local schools
up to one representative of a local medlcal centre
The Articles also make provlslon to co-opt up to two addltlonal Trustees to flll any sklll 8aps.
The quorum for Board meetlngs Is a mlnlmum of flve Trustees.
During the financial year, 2023- 2024, the Board was comprlsed of..
Jo Walker
Co-chalr
Iresldent)
Wendy Braithewaite Co-chair
Iresldent)
Andy Rothery
Treasurer
{resident)
John Lumley
co-opted trustee Iresldent}
Pamela Martin
Irepresentatlve of a local medlcal centrel
Laura Wirtz resigned 22102/2024
Irepresentatlve of a local communlty organlsatlonl
Matthew Gerry
(resident)
Janet Bygrave
co-opted trustee Irepresentative of a local school)
Company Secretary
Jullette Bartlett res5Bned 27/0412023
Danlelle Prosser appolnted 13/1112023
The Board reco8nlses the need to appolnt additional Trustees and plans to recrult In the comln8 flnanclal
year.
11

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
The representative from the local authority Is appolnted by the Mayor of Lewlsham. Hlstorlcally this has
been a local ward councillor, however the local authority has decided the Trust is now sufficiently
established and doesn't need a local authority representative, howeverthey retain the right to make an
appointment.
The local health and education representatives are recrulted by way of dlrect invitation.
Resident and communityTrustee vacancles are advertised through adverts and newsletters distributed to
the local community and via relevant soclal media and volunteering websites.
Recruitment is then undertaken by way of an open appllcatlon and Intervlew process. Crlteria forTrustee
recruitment usually include any identified skill gaps from the existlng Board. We particularly encourage
people from diverse backgrounds to apply to ensure that our Board Is as representative as possible of our
local communlty.
All Trustees receive an Inductlon and have access to any necessary tralnlng requlred for thelr role.
Organlsatlonal Strurture and Declslon Maklng
Trustees are responsible for the overall governance of the charlty. There are two sub-committees of the
Board of Trustees for HR and Flnance. Minutes, actions, and recommendations from each of these sub-
groups are fed back to the full Board at each meeting.
Board meetings take place approximately once every two months lat least 5 times per yearl,
attended byTrustees and supported by the Company Secretary and the two senior management
staff.
Finance sub-committee meetlngs take place In the intervenln8 months (5 times per year},
supported by the Strategy and Partnerships Manager.
HR Commlttee meetln8S take place approxlmately 3 tlmes per year.
There may be an annual away day to provlde an opportunlty to focus more specifically on
the longer-term strate8lc directlon of the Trust.
The day-to-day operatlon of the charlty Is the respons5blllty of the staff, on the basls of an annual budget
and delivery plan approved by the Trustees. The Co-chairs meet regularly wlth the senior staff.
Day.to-day management of the charlty and names of senlor management personnel
Day-to-day management of the charity Is delegated to our two senlor staff, the Strategy and Operations
Manager, Mel Shakespeare, and the Besson Street Centre Manager and Communlty Development, Jlll
Mountford.
Mel Shakespeare Is responsible for strategic development, flnanclal management, facllltles, HR and
property management.
Jill Mountford Is responslble forthe management of Besson Street Communlty Gardens, programme
development and delivery, safeguardlng, volunteer management and communlty development.
12

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
Safeguarding
All our staff and sesslonal workers are expected to have a valid, enhanced DBS check before startlng work
for the Besson Street Trust. Any staff working with children or vulnerable adults are also provided with our
safeguarding policies and safeguardlng tralning, refreshed every 3 years. Our safeguarding and complaints
policies are provided to staff and made available on our website.
Statement of responslbllltles of the trustees
The trustees {who are also directors of Besson Street Trust forthe purposes of company law) are responsible
for preparing the Trustees, Report (incorporating the dlrectors, report) and the flnanclal statements in
accordance with applicable law and Unlted Klngdom AccountSng Standards, Including Flnancial Reporting
Standard 102 The Flnonclal Reportlng Standt7rd opplicoble in the UK and Republlc of Ireland (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the trustees to prepare flnancial statements for each financlal year whlch give a true
and fair vlew of the state of affalrs of the charitable company and of the Income and expenditure of the
charitable company forthat period. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them conslstently; observe the methods and
principles in the Charities SORP;
make Judgment5 and accounting estlmates that are reasonable and prudent;
state whether applicable UK Accountlng Standards have been followed, subject to any material
departures disclosed and explalned In the financlal statements, and
prepare the financial statements on the golng concern basls unless St Is Inapproprlate to presume that
the charitable company will continue In business.
The trustees are responsible for maSntainlng proper accountlng records whlch dlsclose wlth reasonable
accuracy at any time the financlal posltlon of the charltable company and enable them to ensure that the
financial statements comply with the Companles Act 2006. They are also responslble for safeguarding the
assets of the charitable company and hence for taklng reasonable steps for the preventlon and detectlon of
fraud and other irregularities.
In $0 far as the trustees are aware:
there Is no relevant audit Informatlon of whlch the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audlt information and to establlsh that the audltors are aware of that Informatlon.
The trustees are responsible for the malntenance and IntegrSty of the corporate and financlal Informatlon
Included on the charitable company's website. Leglslation in the UnSted Klngdom governlng the preparatlon
and disserninatlon of financial statements may dlffer from legislatlon In otherJurSsdlctions.
Audltors
Goldwlns LlmSted were appolnted as the auditors of the charitable company during the year and have
13

Besson Street Trust
Trustees, Report
For the year ended 31 March 2024
expressed their willingness to continue in that capaclty.
The trustees. annual report has been approved by the trustees on
their behalf by;
2024 and signed on
Jo Walker (Co-chalr)
Wendy Bralthwalte {Co-Chalr)
14

Besson Street Trust
Independent Auditors, Report
For the year ended 31 March 2024
Opinion
We have audited the financial statements of Besson Street Trust (the 'CharitV) for the year ended 31 March
2024 which comprise the Statement of Flnancial Activities, the Balance Sheet and notes to the financial
statements, including a summary of significant accounting policies. The flnancial reporting framework that
has been applied in their preparation is applicable law and Unlted Kingdom Accounting Standards, including
Financial Reporting Standard 102: The Financial Reporting Standard appllcable In the UK and Republic of
Ireland {Unlted Kingdom Generally Accepted Accounting Practice).
In our opinlon, the financial statements:
give a true and fair view of the state of the Charitws affalrs as at 31 March 2024 and of Its income
and expenditure for the year then ended,
have been properly prepared In accordance with United Kingdom Generally Accepted Accountin8
Practice;
have been prepared in accordance with the requlrements of the Companles Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Internatlonal Standards on Auditlng {UKI (ISAS {UKI) and
applicable law. Our responsibilities under those standards are further described Sn the Auditorfs
responsibilities for the audit of the financial statements section of our report. We are independent of the
Charity in accordance wlth the ethical requirements that are relevant to our audlt of the financial statements
in the UK, including the FRC'S Eth5cal Standard and we have fulfilled our other ethical responsibilitles In
accordance with these requirements. We believe that the audit evldence we have obtained is sufficient and
appropriate to provide a basls for our oplnlon.
Concluslons relating to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basls of
accounting Sn the preparation of the financl31 statements Is appropriate.
Based on the work we have performed, we have not Identlfled any material uncertalnties relatlng to events
or conditions that, individually or collectlvely, may cast slgnlflcant doubt on the charity's abllity to contlnue
as a going concern for a period of at least twelve months from when the flnanclal statements are authorlsed
for issue.
Our responslblllties and the responslbllities of the directors wlth respect to golng concern are described In
the relevant sections of thls report.
Other Informatlon
The trustees are responsSble for the other informatlon. The other Informatlon comprlses the Informatlon
included In the annual report other than the flnancial statements and our audltorfs report thereon. Our
15

Besson Street Trust
Independent Auditors, Report
For the year ended 31 March 2024
opinion on the financial statements does not coverthe other Informatlon and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance concluslon thereon.
In connection with our audit of the financlal statements, our responslblllty is to read the other Informatlon
and, in doing so, consider whether the other Information Is materially Inconslstent with the financial
statements or our knowledge obtained In the audit or otherwlse appears to be materially mlsstated. If we
Identify such material Inconslstencles or apparent materlal mlsstatements, we are requlred to determlne
whetherthere is a materlal mlsstatement In the financlal statements or a materlal mlsstatement of the other
information. 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 thls regard.
Opinlons on other matters prescrlbed by the Companles Act 2006
In our opinlon, based on the work undertaken in the course of the audit:
the information given in the trustees, report (incorporating the dlrectors, report) for the financlal
year for which the financial statements are prepared is consistent wlth the financial statements;
and
the trustees. report (incorporattng the dlrectors, report) have been prepared In accordance with
applicable legal requlrements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understandlng of the Charity and Its envlronment obtalned In the course of
the audit, we have not identlfied materlal mlsstatements In the Trustees, Annual Report.
We have nothing to report In respect of the followlng matters In relatlon to whlch the Companles Act 2006
requlres us to report to you Sf, in our oplnlon:
• adequate accountlng records have not been kept or returns adequate for our audit have not been
received from branches not vlslted by us;
the financlal statements are not In agreement with the accountSn8 record5 and returns; certaln
disclosures of trustee5' remuneratlon specified by law are not made; or
• we have not obta5ned all the informatlon and explanatlons necessary for the purposes of our audit.
Responsibllltles of the trustees
As explalned more fully In the trustees, responslbllltles statement, the trustees are responsible for the
preparation of the financlal statements and for belng satlsfied that they glve a true and falrview, and for such
Internal control asthey determlne Is necessary to enablethe preparatSon of flnanclal statements that arefree
from material misstatement, whether due to fraud or error.
In preparlng the financial statements, the trustees are responslble for assesslng the Charlvs abS11ty to
continue as a going concern, disclosing, as applicable, matters related to golng concern and uslng the golng
concern basls of accounting unless the trustees elther Intend to Ilquldate the Charlty or to cease operatlons,
16

Besson Street Trust
Independent Auditors. Report
For the year ended 31 March 2024
or have no realistic alternative but to do so,
Our responsibilities for the audit of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are
free from material misstatement,whetherdue to fraud orerror, and to Issue an auditorfs report that includes
ouropinlon. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted
in accordance with ISAS {UKI will always detect a materlal mlsstatement when It exlsts. Mlsstatements 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 basls of these financial statements.
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 mlsstatements in respect of
irregularitles, including fraud. The extent to whlch our procedures are capable of detectlng irregularities,
Including fraud are set out below.
In identifying and assessing risks of material misstatement In respect of irregularities, including fraud and
non-compliance with laws and regulations, our procedures included the following:
We enquired of management, which Included obtaining and reviewlng supporting documentatlon,
concerning the charity's policies and procedures relating to the internal controls established to
mitigate risks related to fraud or non-compliance with laws and regulations.
We inspected the minutes of meetings of those charged with governance.
We reviewed the financlal statement dlsclosures and tested these to supporting documentation to
assess compliance with applicable laws and regulatlons.
In addressing the rlsk of fraud through management overrlde of controls, we tested the
appropriateness of Journal entrles and other adjustments, assessed whether the Judgements made
in making accounting estlmates are Indlcatlve of a potentlal blas and tested slgnlflcant transactions
that are unusual or those outside the normal course of buslness.
Because of the inherent limltatlons of an audlt, there Is a rlsk that we wlll not detect all Irregularltles, IncludSng
those leading to a material misstatement in the flnanclal statements or non-compliance with regulatlon. The
risk is also greater regarding irregularltles occurrlng due to fraud rather than error, as fraud Involves
intentional concealment, for8ery, collusion, omisslon or mlsrepresentatlon.
A further description of our responsibilities for the audlt of the flnanclal statements Is located on the Financial
Reporting Council's website at: [www.frc.org.uklaudltorsrespon51bilitlesl. Thls descrlptton forms part of our
auditorfs report.
17

Besson Street Trust
Independent Auditors, Report
For the year ended 31 March 2024
Use of our report
This report is made solely to the Charivs 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 Charitrfs members those
matters we are required to state to them In an auditorfs report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responslblllty to anyone other than the Charivs members as a
body, for our audit work, for thls report, or for the oplnions we have formed.
Anthony Epton {Senlor Statutory Audltor)
for and on behalf of
Goldwins Llmlted
Statutory Audltor
Chartered Accountants
75 Maygrove Road
West Hampstead
London NW6 2EG
31 December 2024
18

Besson Street Trust
Statement of financlal actlvltles
(incorporating an income and expenditure account)
For the year ended 31 March 2024
2024
Total
funds
2023
Total
funds
Unrestrlctad Restrlcted
funds
funds
Notes
Income from:
Charitable actlvities
4,665
55,812
60,477
58,169
Investment income
286.411
286,411
270,260
Total Income
291.076
55.812
346,888
328,429
Exp•ndlture on:
Raising funds
85,902
85,902
64,707
Charitable activities:
180,716
77,155
257,871
275,951
Total expendlture
266,618
77,1 55
343,773
340,658
Nat Income l (expendlture) befor• net galn81
(losses) on Investmants
24,458
{21,343)
3,115
(12,229)
Net galn8 1 (10838s) on Investments
Net Income l (expendlture) before net galns I
(losses) on Investments
24,458 (21,343)
3,115
(12,229)
Transfers betrNeen funds
Net Income l (expendlture) before other
recognl$ed galns and losses
24,458
{21,343}
3.115
(12,229)
Reconclllatlon of funds:
Total funds brought for4vard
5,144,876
21,343 5,166,219 5,178,448
Total funds carrled forward
14
5,169,334
5,169.334 5,166,219
There were no olhar recognlsed galns or k)sses other than those stated above.
The attached notes fomi part of these financlal statements.
19

, 

## Besson Street Trust 

## Balance sheet As at 31 March 2024 

||||2024|2024|2023|2023|
|---|---|---|---|---|---|---|
|||Notes|£|£|£|£|
|Fixed assets:|||||||
|Tangible assets||9||34,518||5,744|
|Investment properties||10||4,850,000||4,850,000|
|||||4,884,518||4,855,744|
|Current assets:|||||||
|Debtors||11|51,602||84,872||
|Cash at bank and in hand|||350,144||336,115||
||||401,746||420,987||
|Liabilities:|||||||
|Creditors: amounts falling due within one year||12|(27,769)||(21,351)||
|Net current assets||||373,977||399,636|
|Total assets less current liabilities||||5,258,495||5,255,380|
|Creditors: amounts falling due afterone year||13||(89,161)||(89,161)|
|Total net assets||||5,169,334||5,166,219|
|Funds||15|||||
|Restricted funds||||-||21,343|
|Unrestricted funds|||||||
|Investment asset fund|||4,850,000||4,850,000||
|Investment property sinking fund|||100,197||100,197||
|General fund|||219,137||194,679||
|Total unrestricted funds||||5,169,334||5,144,876|
|Total funds||||5,169,334||5,166,219|
|Approved by the trustees On 2.0.0.0...|2% <br>To|MWWWate 2014<br>cece ene neeeeee eee en ee eaeneneenenen snes|||||
|andsignedontheirbehalfby:|||||||



Jo Walker (Co-Chair) 

Wendy Braithwaite (Co-Chair) 

## Company registration no. 05862134 

The attached notes form part of the financial statements. 

20 



Besson Street Trust
Notes to the financlal statements
For the year ended 31 March 2024
1 Accountlng pollcles
a) Basls of preparatlon
The financlal statements have been prepared In accordance wlth Accountlng 2nd Reportlng by Charftles:
Statement of Recomrnended Practice applicable to charities preparing thelr accounts In accordanca with
the Financial Reporting Standard appllcable In the UK and Republlc of Iraland (FRS 102 - effective 1
January 2015)- (Charitles SORP FRS 102) and the Companles Act 2006.
The charitable company meets the defjnition of a public benefit entlty under FRS 102. Assets and liabilities
are initially recognised at historlcal cost or transactlon value unless otheNise staled In the relevant
accounting pollcy or note.
The financlal statements are prepared Sn sterllng, whlch Is the functlonal currency of the charlty. Monetary
amounts In these financlal statements are rounded to the nearest £.
The charitable company is exempted from preparing a cash flow statement due to 8xemptlon available to
charities with income of less than £500,000.
Besson Street Trust's previous name y￿S The New Cross Gate Trust (changed on 25 July 2024).
b) Golng concem
The trustees consider that there are no material uncerta5nties about th8 charity's ability to continue as a
going concem. The twstees do not conslder that there are any sources of estimation uncertainty at the
reportlng date that have a slgnlficant rlsk of causlng a materfal adjustment to the carrying arnounts of
assets and liablliUes wlthln the nexi reporting perfod.
c) Income
Income Is recognised when the charity has 8ntltlement to the funds, any perfonnance conditions attached
to the Incom8 hav8 been met, It Is probable that the Income wlll be recelved and that the amount can be
measured rellably.
Income fmm government and other grants, whether 'capltal' grants or 'revenue' grants, 58 recognised when
the charity has entitlement to the funds, any performance condltlons attached to the grants have been met,
it Is probable that the income will be recelved and the amount can be measured reliably and Is not
deferred. Income recelvad In advance for the provlslon of speclfled seNlce Is deferred untll the crlterla for
Income recognltlon are met.
d) Expendlture and Irrecoverable VAT
Expenditure Is recognlsed once there 18 a legal or constructlve obllgatlon to make a payment to a thlrd
paty, It Is probable that settlement will be requlred and the amount of the obllgatlon can be measured
reliably. Expenditure Is classlfied under the followlnB actlvlty headlngs:
Costs of raising fund8 comprlse of tradlng costs and the costs Incurred by the charStabl8 company In
Indudng thlrd partles to rnake voluntary contrlbutlons to It, as well as the cost of any actlvltles wllh a
fundralsing purpose.
Cost of ralslng funds durlng the year represents costs Incurred In managlng Investment prop8rtles.
Expenditure on charitable 8CtivitSes Includes the costs of actlvlttes undertaken to further the purposes
of th8 charity and their associated support costs.
Other expenditure represents those Items not falllng Into any other headlng.
Irrecoverable VAT Is charged as a cost agalnst the actlvlty for whlch the expendlture was Incurred.
21

Besson Street Trust
Notes to the financial statements
For the year ended 31 March 2024
1 Accounting pollcles (contlnued)
e) Allocatlon of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
activities. Support costs include back office costs. finance. personnel, payroll and govemance costs which
support the charlty and Its and activities. These costs have been allocated between cost of ralslng funds
and expenditure on charitable activities. The basls on whlch support costs have been allocated are set out
In note 5.
Fund accountlng
Unrestricted funds are available to spend on actlvitles that further any of the purposes of charlty.
Designated funds are unrestricted funds of the charlty whlch the trustees have decided at thelr discretion to
set aslde to use for 8 specific purpose. Restrlcted funds are donatlons whlch the donor has specified are to
be solely used for partlcular areas of the charlty's work or for spec5flc projects belng undertaken by the
charfty.
g) Tanglble fixed assets
Depreciation Is provlded at rates calculated to wrlte down the cost of each asset to Its estlmated resldual
value over its expected useful life. The depreciation rates in use are as follows:
Plant and machinery
150/0 reduclng balance
h) Investment propertles
Investrnent proper￿eS are Included In the balance sheet at falr value and are not depreclated. Any change
In falr value Is recognised In the statement of tlnanclal actlvltles. The valuatlon method used to detemilne
fair value will be ststed in the notes to the accounts.
l) Debtors
Trade and other debtors are recognised at the settlement arnount due after any trade dlscount offered.
Prepayments are valued at the amount prepald net of any trade dlscounts due.
J) Credltors and provlslons
Creditors and provisions are recognised where the charlty has a present obllgatlon resulting from a past
event that will probably result In the transfer of funds to a thlrd party and the amount due to settle the
obligation can be measured or estlmated rellably. Credltors and provlslons are normally recognlsed at thelr
settlement amount after allowing for any trade dlscounts due.
k) Flnanclal Instruments
The charity only has financlal assets and financlal Ilabllltles of a klnd that quallfy as baslc flnanclal
Instruments. Baslc financlal Instruments are Inltlally recognlsgd at transactlon value and Subsequently
measured at their settlement value with the exception of bank loans whlch are subsequently measured at
amortised cost using the effective interest method.
l) Panslons
The Trust operates a company penslon scheme through Scottlsh WIdov￿. Staff who meet Ihe
equirements of aUtO￿nrolrnent are automallcally enrolled wlthln thls penslon scheme. Other staff are glven
the option whether tojoin the scherne or not. At the end of 2023124, five rnembers of staff were enrolled in
th8 penslon scheme.
22

BBsson Street Trust
Notes to the financlal statements
For the year ended 31 March 2024
2 Detalled comparatlves for tha statement of flnanclal actlvltl88
2023
Unrestricled
fund
2023
Restricied
fund
2023
Total
fund
Income from:
Charitable activitles
Other tradlng actlvltles
Investment Income
Total Incom•
8,843
49,326
58,169
270.260
279.103
270,260
328,429
Expendlturo on:
Raising funds
64,707
64,707
Charftable actlvltles
Total expendlture
234,453
299,160
41,498
41,498
275.951
340.658
Net Income l (expendlture) bèfore other rocognl8ed
galns and losses
(20,057)
7,828
{12,229)
Galns l (losses) on Investments
Net Income l expendlture
(20,057)
7,828
(12,229)
Transfers between fvnds
Net Income l (expendlture) before other
recognlsed galns and losses
(7,533)
7,533
(27,590)
15,361
(12,229)
Galns l (losses) on revaluation of fixed assets
Net movement In funds
(27,590)
15,361
(12,229)
Total funds brought forward
Total funds carrlad forward
5,172,466
5,144,876
5,982
21,343
5,178.448
5,166,219
3 Income from charltable actlvltles
2024
Total
2023
Total
Unrestrlcted
Restrlcted
Grants and donatlons
Other Income
Total Incomo from charltablo actlvltlos
2,302
2,363
4,665
55,812
58,114
2,363
60,477
55,557
2.612
58.169
55,812
4 Income from Investments
2024
Total
2023
Total
Unrestrlcted
Re5tdcted
Rents recelvable
Bank Interest
282,653
3,758
286,411
282,653
3,758
286,411
267,872
2.388
270,260
23

Besson Street Trust
Notes to the financial statements
For the year ended 31 March 2024
5 Analys13 of expenditure
Basis of
allocation
Raising Charitable
funds
activities
Support
costs
2024
Tolal
2023
Tolal
Besson Street
Direct
Community Investment Fund
Direct
Blg Lottery, EmploymenL ESOL, IT Dlrect
Marketing and communlcatlon
Dlrect
Growback greener
Direct
BUPA mental healih project
Direct
Investment management costs
Direct
Support 5tsff costs
stsff time
Audit fees
staff time
Trust admln and Nnnlng costs
staff time
Depreciation
Direct
58,340
8,030
5,645
3,416
58,340
8,030
5,645
3,416
45,654
35,757
14,351
2,663
606
1,350
85,902
64,707
101,325 139,681 140,633
5,160
5.160
4,500
35,582
35,582
29,423
2,017
2.017
1,014
144,084 343,773 340,658
85,902
38,356
85,902 113,787
Support costs
144,084 (144,084)
Total expenditure 2024
85,902 257.871
343,773
Total expendlture 2023
64.707 275,951
340,658
Of the total expenditure, £266,618 (2023: £299,160) was unrestrfcted and £77,155 (2023: £41,498) was
restrlcted.
Basls of
allocation
Ralslng Charltable
funds
activilles
Support
costs
2023
Total
2022
Total
Besson Street
Dlrect
Communlty Investment Fund
Dlrect
Blg Lottery, Employment, ESOL, IT Direct
Marketing and communlration
Dlrect
Coronavlrus Community Support Fund Dlrect
Summer skills project
Direct
Growback greener
Dlrect
BUPA mental health project
Dlrect
Investment management Costs
Direct
Support stsff costs
staff tlme
Audit fees
staff time
Trust admin and running costs
staff time
Depreclatton
Dlrect
45,654
35,757
14,351
2,663
45,654
35,757
14,351
2,663
29,093
22,339
73,035
2,272
270
4,500
606
5,588
1,350
9,200
64,707
58,197
140,633 140,633 128,367
4,500
4,500
4,500
29,423
29,423
20,399
1,014
1.014
1,193
175,570 340,658 358,953
606
1,350
84,707
64,707 100,381
Support costs
175,570
(175,570)
Total expenditure 2023
64,707 275,951
340,658 358,953
24

Besson Street Trust
Notes to the financial statements
For the year ended 31 March 2024
Net Income l (expendlture) for the year
This Is stated after charging l {crediting):
2024
2023
Audlt fees (excluding VAT)
Depreciation - owned assets
4,300
2,017
3,750
1,014
7 Analysls of staff costs. trusteo remuneratlon and expenses, and tho cost of key management
personnel
Staff costs were as follows:
2024
2023
Salaries and wages
Social security costs
Employerfs contributlon to defined contributlon penslon schemes
Olher staff cost
121,713
5,665
7,448
4,855
139,681
120,527
9,712
6,137
4.257
140.633
Th8 total staff costs Includlng penslon contrlbutlons of the two key management personnel were £55,315
(2023: £52,356)
The charity trustees were not paid or received any other benefits from employment wlth the charity in the
year (2023: £nil) nelther were they reimbursed expenses during the y8ar (2023: £nil). No charity trustee
received payment for professlonal or other seNlces supplied to the charlty (2023: £nll).
Staff numbars
The average number of employees durfng the year was as follows:
2024
No.
2023
No.
Charitable activities
Management and administratton
Cleanlng
No employee recelved emoluments In excess of £60,000 (2023: NII).
Taxatlon
The charitable company Is exempt from corporatton tax as all Its Income Is charltable and Is applied for
charitable purposes.
25

Besson Street Trust
Notes to the flnanclal statements
For the year ended 31 March 2024
9 Tanglble flxed assets
Short
leasehold
Plant and
machinery
Totsl
Cost
At the start of the year
Additions In year
At the end ofthe year
19,599
30,791
50,390
19,600
30,791
50,391
Depreclatlon
At the Start of the year
Charge for the year
At the end ofthe year
13,856
2,017
15,873
13,es6
2,017
15.873
Net book value
At the end oftho yaar
34,517
34,518
At the start of the year
5.743
5,744
All of th8 above assets are used for charltable purposes.
10 Investment propertles
2024
2023
Falr value 81 the start of the year
Revaluatlon durtng the year
Falr value at the end of the year
4,850,000
4.850.000
4 850,000
4,850,000
The last valuatlon was undertaken Sn March 2019. To update prop8ty values to 31 March 2024 th
Strategy and Partnershlp manager ha8 undertaken a thorough desk-based revlew of property value
changes In New Cross Gate, wllh overslght from the Trust's Treasurer,
11 Debtorn
2024
2023
Other debtorn
Prepayments
50.016
1,S86
51,602
82,862
2.010
84.872
Other debtorn represent rents recelvable at the year end recelved In AprIl￿Un8 2024.
26

Besson Street Trust
Notes to the financial statements
For the year ended 31 March 2024
12 Credltors: amounts falllng due wlthln one year
2024
2023
PAYE & Penslon
Accruals
Deferred Income
4,388
9,881
13,500
9,823
11,528
21,351
13 Cradltors: amounts falllng du8 after one year
2024
2023
Development Fund
89,161
89.161
89.161
89,161
These funds are for the fitryout of the proposed Healthy Llvlng Centre. Tho costs are expected to b8
Incurred In late 2028.
14 Analys13 Of net assets between funds( current perlod)
Unrestrlcted
funds
Restricted
funds
Total
fund5
Tangible fixed assets
Investment propertles
Net current assets
Long temi liabilities
Net assets at 31 March 2024
34,518
4,850,000
373,977
89.161
5,169,334
34,518
4,850,000
373,977
89.161
5.169.334
Unrestrlcted
funds
Restricted
funds Total funds
Analysls of net assats betwean fund3( prlor perlod)
Tangible fixed assets
Investment propertles
Net current assets
Long term liabilities
Not assets at 31 March 2023
5,744
4,850,000
378.293
89,161
5,144,876
5,744
4,850,000
399,636
89,161
5,166,219
21,343
21,343
27

Besson Street Trust
Notes to the financial statements
For the year ended 31 March 2024
15 Movements In funds
(current year)
At the stsrt
ofthe year
At the end of
the year
Income
Expenses
Transfer8
Restrlcted funds:
Hyde IT skills
Grow back greener
Coronavirus support fund
Summer Skills
The Lewlsham Mental Health
NCIL ward money - mental health
Clty Brldge Trust
Depttord firstfund
Others
Total restrlcted funds
4,935
(4,935)
{1,879)
{2,227)
(1,467)
(12,810)
{17,837)
(33,600)
(500)
1,900
77,155
1,879
2,227
1,467
12,810
2,960
14,877
33,600
500
21,343
55,812
Unre5trfcted funds:
General fund
Investment asset fund
Investment property sinklng fvnd
Total unra$trl¢ted funds
194,679
4,850,000
100,197
5,144,876
291,076
(266,618)
219,137
4,850,000
100,197
5,169,334
291,076
266,618
Totsl funds
5,166,219
346,888
343,773
5.169 334
15a Purpose$ of rostrlcted funds
Hyde rr, was for delivering digltal skllls, the overspend came from general unrestrfcted funds.
Grow Back Gr••nar, VRS a fund for garden Improvements, the expense allocated was for plantlng.
Thè Co•OP Fund, Is used for famlly gardenlng courses.
The Deptford Flrnt Fund, was used for glvlng vouchers to families on Unlversal Credlts, vouchers were
Issued and all have been allocated, each voucher represents £40 and should not be carrled fopNard.
Clty Brldge Trus( Fundlng Is for ESOL dellvery.
The Lewlsham Mental Health, fundlng 18 to dellver sep41ces to people over 60 for Improved mental
health.
The Summer Skllls, expense would have been materfals,
28

Besson Street Trust
Notes to the financlal statements
For the year ended 31 tharch 2024
15b Movements In funds 2023
(prior year)
At the start
of the year
At the end of
the year
Income
Expenses
Transfers
Restrlcted funds:
Grow back greener
Coronavirus support fund
Hyde IT Skills
Summer Skills
The Lewlsham Mental Health
NCIL ward monay- mentsl health
City Bridge TNst
50-Co-Operative Local Fund Comm
Deptford first fund
Total restrlcted funds
2,485
2,227
705
525
(606)
1,879
2,227
{8,238)
7,533
942
19,970
11,158
16,800
456
1,467
12,810
2,960
(7,160)
(8,198)
(16,800)
(456>
40
41,498
40
5,982
49,326
7,533
21,343
Unrestrlcted funds:
General fund
Investment asset fund
Investment propety slnklng fund
Total unrestrlcted funds
222,269
4,850,000
100.197
5,172,466
279,103
(299,160)
17,533)
194,679
4,850,000
100.197
5.144,876
279,103
299,160
7,533
Total funds
5,178,448
328,429
340,658
5.166,219
16 Legal status of the charlty
Th8 charity is a company limlted by guarantee and has no share capltal. Each member Is liable to
contribute a sum not exceeding £1 in the event of the charlty being wound up.
17 Related party transactlons
There are no related paty transactlons to dlsclose for 2024 (2023: none).
29