Imperia
Benevolent Fund
Annual Report and
Unaudited Financial Statements
for the year ended 31 December 2023
Prentis & Co LLP
CHAII'I-EIIEI) ACLOUN'fAN'I'5
Registered as a charity in England and Wales No 1161055

The Imperial Benevolent Fund
For the year ended 31 December 2023
Reference and administrative information
Trustees.,
Kay Ba15 (Chairl
Jill Bush
Jodie Clark (elected March 2023)
Jacqueline Ferguson
Peter Malcjlm Hill
Elisabeth Swan (Administratorl
Charlty number:
1161055
Address:
28 Prykes Drive
Chelmsford CMI ITP
Sollcltor:
GBH Law Limited
718 Innovation Place
Douglas Drive
Godalming GU7 LJX
Independent examiner: Nigel A Prentis FCA
Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge C84 IXE
Bankers..
CAF Bank
25 Kip.g5 HillAvenue
Kings Hill
West Malling, Kent ME19 4TA
National Westminster Bank
Moorgate IA) Branch
PO Box 712
94 Moorgate
London EC2M 6UR
Investment managers..
Charles Stanley & Co Limited
55 Bishopsgate
London EC2N 3AS
www.ibfund.or
The I mperial Benevolent Fund is registered as a charity in England and Wales ND 1161055., and
incorporated i n England as a Charitable Incorporated organisation No CE003796.

The Imperial Benevolent Fund
For the year ended 31 December 2023
Report of the Trustees
The trustees of The Imperial Benevolent Fund IIBFI present their Report and Financial
Statements for the year enaed 31 December 2023.
The accounts have been prepared in accordance with the accounting policie5 set out in note I
to the accounts, and cJmply with the trust's governing document, the Charities Act 2011 and
"Accountirg and Reporting by Charities: Statement of Recommended Practice applicable to
char.: Lie5 Freparing thpir accoun:s in acco:"dance wi:. I ;he Financ':al Reporting Standard
a pplicable the U K and the Republic of Ireland {-, RS1021" {effective I" January 20191.
Structure, Governance and Management
The Smperial Benevolent Fund is a Cha.. i"iable In-orjorated Organisation ICIOI governed by a
constitution signed 25 March 2015 and ameided 16th July 2020.
Trustees
The Boarc of Trustees comprises no less than three rnenbers, and no more than eleven.
Trustees are respofisible for the identification and appointment of new trustees, considering the
skills and need5 0! the board. New t,"ustees are apJoip.Led through introduction from current
trustees and are appointed if unanimously ag-. eed by the board. sn ac"ordance with the
Constitution, as well as independent trustees, trustees are drawn from members of the Theatre
and Dancesport Faculties of the Imperial Society of Teachers of Dancing {ISTDI.
The trustees direct the activities of the charity. The trustees who served during the period
were..
Kay Ball {c￿laIr & Theatre Faculty)
Jill Bush IDancesport Facuityl
jodie Clark (Theatre FacJltyl - appointed 30/03/2023
JacqLJeline Ferguson (Theatre Faculty)
Malcolm H ill Ilndependent trustee)
El isabeth Swan (Administrator & Independent trustee}
Induction and training
Any new trustee5 are provided with a copy of the Constitution, together with a copy of the
Trustees, Annual Report and statement of accounts. Trustees are encou.-aged to attend
appropriate external training events and they asso obtain fact sheets and newsletters from their
professional advisors to ensure they are equipped to carry out their duties effectively.
Meetings
The board normally holds two scheduled meetings a year, and other meetings as required. In
2023 there were two Trust meetings12022 three}, all of which were held onli ne by Zoom.
rrustees are provided with. minutes of previous meetip.gs and supporting papers.
The Chair 15 responsible for the executive ieaders4ip aic manageT,ent of the board.

The Imperial Benevolent Fund
For the year ended 31 December 2023
Independence
Trustees are required to disclose any conflicts of interest at each meeting, and to disclose any
training￿the have undertaken or receivea between meetings.
Induction and training
All new trustees are provided with trust constitutional documents, financial accounts and
information relating to the attivit es of the trust. Trllstees are expected to be awa". e of their
duties ana responsibilities as a charity trustee, and to undettLake appropriate traiiiing for the skills
for which they were appointed.
Related Party
The ISTD 55 a connected charity in that both cha."ities have one trustee in common and one
member of staff of the ISTD is also 3 trustee of the13F.
Public Benefft
In setting the objectives of the charity the Trustees have given due regard to the Charity
Commission's guidance on public benefit.
Objectives and activities
The relief of poverty of members of the Imperial Society of Teachers o! Dancing, former
members a nd their dependants who are in necessitous circumstances by reason of their
Sickness, infirmity or old age. In 2020 trustees widened the parameters to include emergency
support during the COVID-19 pandemic, to an upper limit of £2,000. Thi5 was reduced during
thè 2022 year 10 £1,000 and remained in place for 2023
The objectives are currently being fulfilled through the making of grants.
Policy on grant making
The trustees approve the level of 5UPPOrt UDan receipt of a completed grant application form
and supporting documentation, and within tne inLome av3i13ble to t,4e charity.
Financial review of the year
The charity retains reasonable reserves with an upward market fluctuation on investments.
Total income increased slightly during the year to £15,05112022-. £12,892)
There were no applications for grants during the year12022.. £3,375).
Reserves policy
The Reserves ")olicy is to utilise furids raised through. donations and investment income on an
-ial assistance to fulfil the charit¢s obiertives.
ann ual basis to provide fo.- the grap.iing of finan-
The trustees consider that adequate resources continue to be available in this regard and are of
the view that the charity is a going concern.

The Imperial Benevolent Fund
For the year ended 31 December 2023
Investment policy
The charity's policy 1> to prcvide long-term g-. 0￿.h in capital and incom.e, and to protectr present
and fL'ture beneficiaries a
ainst the effect of i.YÈ',
Charles
.'on. Investment funds are ThanaLed b￿.._
Stanley Limited. who are authorised aiid regula=:d by the Financial Conduct Authority. The
manager reports to the charity on a quarterly basis. The inve5tnent pe..formance has been
beneficial over the yea"s by increasing the capital and income available to the charity. During the
2023 year trustees agreed to close the National Westminster Bank account and transferthe assets
to the Investment Portfolio.
Risk and control
The trustees a re responsible for the internal controls and risk management of the charity. The
board approves spending requests, reviews quarterly results, receives investment reports and
considers risk, exposure to which may include..
Economic climate.. in common with other organisations the trust 15 vulnerable to changes in
the global economic climate which can affect its investment funds. The trust invests on a
long-term basis to mitigate any short-term downturns.
WoiSd events.. as shown in the prior and current year, the trust is vulnerable to events such
as pandemi=s, natural phenamena and changes in climate. All of these may have an adverse
effect on investment fund5.
Statutory and regulatory compliance.. the charity is subject to Statutory ayi d regulatory
com pliance, iq particular firancial, d3ta protection, privacy and clarity regulations. The
trust mitigates any risks contracting proper investment managers and -. egistered auditors.
Internal control.. the charity ensures control over its financial affairs by ensuring that all
transactions are within budget, are evidenced by appropriate documentation and are approved
by bNO trJstees.
Future activities
The charity will continLJe to make charitable grants from annual income.
Trustees are urdergoing research into more pro-active fund-raising by increasing promotion
and awareness to the general public as well as ISTD members.

The Imperial Benevolent Fund
For the year ended 31 December 2023
Statement of trustees, responsibilities
The trustees are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees of the Charity to
prepare financial statements for each financial year which give a true and fair view of the state
of affairs of the Charity and of the incoming resources and application of resources of the
charity for that period. In preparing those financial statements the trustees are required to:
• select suitable accounting policies and then apply thern consistently;
observe the methods ar)d principles of the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether appIl￿ble accounting standards and Statements of Recommended Practice
have been followed. subject to any material depdrtures disc105ed and explained in the
financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011, the Charity (Account5
and Reports) Regulations and with the Charl￿S Constitution. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Kay Ball
Chairman
Date

The Imperial Benevolent Fund
For the year ended 31 December 2023
Independent Examinerfs report
I report to the trtigt&sryn nry exa"mi.iétion of" the accounts of The Fmperial Benevolent Fund"
Charitable Incorpo", ated Organi5ation I'rhe CS0'1 for the year ended 31 December 2023.
Responsibilitles and basls of report
As the trustees of the CIO you are responsible for the preparation of the accounts in accordance
with the requ irements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the CIO'S accounts carried out uider section 145 of the
2011 Act ar.d ..n "arrying out my exarniilat"'on I have followed all the applicable Directions given
by the Ckiarity ComLliission under section 14515llbl 04 tle Act.
Independent ex8mlneVs statement
have completed my examina:ion. I confirm that no material matters have come to my
attention in connection with the examination 8ivin8 me cause to believe that in any matefial
respect..
accounting records were not kept in respect of the CIO as required by settion 130 of the
2011 Act.. or
2 the accounts do iJt accDrd with ihose records,. or
3 the accounts do njt comply with ;.ie applicable requirements concerniyg the form and
content of accounts set out in the Charities (Accounts and Reoortsl Regulations 2008 other
than any requirement that the accounts give a 'true and fair, view which 15 not a matter
considered as part of an independent examination.
I have no concern5 and have come across no other matters in connection with the exam ination
to which attention should be drawn in this report in order to enablp a proper understanding of
the financial statements to be reached.
Nigel Prentis FCA
For and on behalf of=
Prentis & Co LLP
Chartered Accountants &
Indepeiident Examiners
115c Milton Road
Carnbridge
CB4 IXE
s&} ZOZLP

IMPEIUAL BENEVOLENf FUND
STATEMEKf OF FINANCIAL ACtIVITIKS
FOR THE YEAR EF4DED 31ST DECEMBER211Z3
Notes
2023
2022
Income
Inv¢stment income
Donations
14.486
565
11612
280
Total Income
15.051
12.892
Expendityre
Expendlture on f¥udg:
InvesttDent rnangernent costs
Expenditure ¢)n cbaritsble aGtiviti¢s
Total Exp¢nditllre
Net Movement In Fwidy
Net g&inOlIos￿) on inv¢sim¢nts
5.171
1.803
5.276
1.801
6.974
7.077
8,077
13,258
5,815
(56.714)
(50,899)
572.110
21335
521211
542,546
Totsl Funds Brought FoThvard
Totsl Funds C&rritd Forward
521,211
All funds are unrestrictcd.
The accompanying DoIE5 forjn part of these accounL
B*laD¢e Sheet
Ai 31st Dccember 2023
Notss
2023
2022
Fixed Assets
Invegtsnents
488 J58
378,185
Current Assets
Debto
Cash at bank and in band
740
53.448
143.026
Totsl Net knets
542,546
521,211
The Funds of the ChaTity:
Uuttstricted In(x)me Funds
542,546
521,211
Th¢3e fin8ncial Statem￿ were approved by th¢ Board of YE￿￿te¢S on
and were signed on its behaif by..
3cs-S-2*
Kay Ball
Chairniwn

IMPKRIAL BENETr"OLENT FUNID
FOH THE YEAR ENDED 31ST DECELKBER 2023
STATEMENT OF CASH FLOWS
2023
2022
Ne¢ easll ll8￿ ill operating activftles
(7,149)
{6,797)
Cash floiys fro￿ illvesting aetlvfitles:
DividetttEs 8ELd interest fiDm investtnents
Bank interest ￿Ctived
Purchase Df investmell
Proceeds from investmellts
E3,304
12,518
1,182
84
(131.7931 {66,745)
9,689
89,142
Net cash provlded by investing $ctiviti
(107.6181
34,999
ctAnge in cash and c&sh cquivatents
In the reporting period
Cash and cash eqllivalents at the
beginning of ihe r¢porting period
Cash and ¢ash ¢quiN'alents at the
end of thc reporting petiod
(114,767)
28,212
169,700
141,488
54.933
l69,700
RECONCtLIATION OF INCO_ME TO NET CASH FLOW FROM OPEIL4TtNG
ACTIVITIES
2023
2022
Net inlome for the reportittg period las per page 7- SOFA)
Adjustments for..
Dividends and inter&st from investments
Bank interest roceived
(Gainslllos5e8 OIL itivestments
Irlcrease ill debtors
21,335
(50.899)
(13,304) (I?,528)
11,182)
(84)
(132581
56.714
{7401
(7.149} (6.797)
Net p￿VIded byllused in operating activities)
ANALYStS OF CASH.4L*I) CASH EQtrivALENTS
2023
2022
Cash held UTLder tnvesttnellts
Cash at bank
1,485
53.448
26,674
143.026
54.933
169,700

EMPEIUAL BENEVOLENT FUND
FOR THE YEAR EPIDED 31ST DECEMBER 2023
NOTES TO THE Accouwrs
(Fonning part of the f￿ancIal statements)
l. Aceoulltittg Policies
a) Basi5 of pr¢parAtiDn and assessmellt of goittg coneer
The financial sthtement5 have been prepared under the historical cost wnv¢ntion with items recognised at cost or
tr￿sactiOn value unless otherwise stated in the relevani notES ￿ these accounts. The financial itslernents have
been prepared in accordance with the statetp.ent of Recommended PTrct5cc: Accounting and Reporting by Charities
preyarin(r their accounts in accordance with the Financial Eieporting Sfandard applicable in th¢ UK and Republic
of Ircland (FRS 102) issued October 2019 (effecii¥e lJl Januarv 2019) and the Financial Reporting s￿dard
applicable in the United Kingdom and R¢publi¢ of treland (FRS 102) and the Charitl¢s Act 2011.
The Trust coustitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no Materi￿ uncertaillti￿ aEx)ut the Ttusvs ability to continue as a going concern.
b) Ineomc Roeognilion
Invest[ne￿t iricoirie includes dividend5 and bank interest wb.ich are included when they are r￿e1vable. Donations
alld legacies are inclllcEd ,.'TL income when they become receivaole.
cl Expenditure R¢eogrtStion
Charitable expenditure is all expenditure relating to the objects of the Charity. Gov¢mance costs ue expenditLwe
incurred in me¢tints with the constitutional and statutory requiretncnts of the ciwity.
2. Expettditure on Charitable Acti¥ities- ¢urrent year
SuppDrt and
Chariiable Governance
ActiTrities
Costs
2023
Total
Accountancy
Administration costs
888
915
888
915
1,803
1,803
Expenditure on Charitable Aetivitia- prior year
Support and
Charit&ble Governance
Aetivities
Costs
2022
Total
Grants
Accountan¢y
Administration cosrs
595
595
sio
390
816
390
595
1.206
1,801

IPERIAL BENEVOLENf FUND
FOR THE YEAR ENDED 31ST DECEMBER 2023
NOTES TO THE ACCOUNTS
(Foming part of the financial statements)
-3.. .Invest]nenttr"
--2823-._.
Market value at 1st January 2023
Additions
Disposals
Net fealised (lo&sesygains
Net unreali%d gain&l{lossesl
Market value at 31st December 2023
351,Sll
131,793
(9,689) 189,142)
(10) 119,060)
13,268
(37,654)
430,622
486,871
Cash held ae brokers
1,485
488,3)8
461,453
26,674
Total investments at 31st Decemixr 2023
378,185
F£istorical cost at 31st De¢eniber 2023
346,781
All investments are woted a reco￿ll￿d UK Stock EXcha[￿e a[￿ carried at their fair value.
4. Debtors
2023
2022
A¢¢rued interest
740
5. Staff costs and Trusttts, remuneratioll
The ¢hariry Conside￿ lis key managttnent personnel to ￿ the Tn￿ttts.
Ttke ￿lld has no etnployees.
During Ihe ye8rTrttste￿ rtt¢kved rctnuDerntion (as peThnitt￿l by the constitution) and expensts as set out below.'-
Reimbursed
Remwieradoll Expenses
2023
total
Current yeAr
Trustee
E Swan (Adtllinistrator)
260
260
Reimbursed
Remuller*tion Expenses
2022
total
PrÈor ye
Trustee
E Swan {Administr&tor)
6. TTll$t Deed
The ttllperial Benevolent Fund a CIO is gov¢rned by a Constib￿l0ll. The constittLtion was st￿ed on 25th Marc
2015, anended on 16th July 2020.
7. Trustees
The TNstees conskst of reprssentativ&s of the ISTD'S Dancwrt and Theatre Faculties and one independ¢nt
Trustee.
8. Related Parties
DILring the year there were no related party transactioa&
10