# **Trustees’ Annual Report for the period** # **From 01 04 2020 To 31 03 2021** **Charity name: British Council Benevolent Fund Charity registration number: 1161805** ## **Objectives and Activities** **----- Start of picture text -----**
SORP
reference
Summary of the Para 1.17 The purpose of the Fund is the granting of relief or
purposes of the assistance to past and present staff of the British
charity as set Council and their families or dependents who are in
out in its necessitous circumstances.
governing
document Provided that ‘staff’ shall include those who work
as an employee or a contractor for:
a) the British Council;
b) any wholly or partly owned subsidiary of the
British Council;
c) an wholly or partly owned subsidiary of BC
Trading Limited; or
d) any organisation offering services to any of
those listed in a) – c).
Summary of the Para 1.17 The British Council Benevolent Fund’s charitable
and 1.19
main activities purpose is the alleviation of financial hardship for
in relation to British Council employees, contractors and
those purposes temporary staff, both past and present, and their
for the public families.
benefit, in
particular, the It is open to all current and former payroll
activities, employees irrespective of where they are based
projects or globally. The overriding criterion for assistance
services being immediate need and financial difficulty;
identified in the support is given for example when such difficulty
accounts. arises as a result of illness, bereavement, natural
disaster such as earthquakes/floods or in areas of
conflict.
Support takes the form of one-off grants or
Christmas grants, which are explained below.
The Ben Fund formerly provided quarterly grants,
but these are no longer available and only a small
number of existing quarterly grants remain in
place.
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3 The committee of management also decided to withdraw the offer of interest-free loans, due to the additional administrative burden on the British Council’s payroll team. One-of grants These are grants usually to a maximum of £2,500, but occasionally up to £3,500 or more if it is deemed appropriate and agreed by a majority of the Trustees. All applications received must be confirmed as true and valid by the Country Director for overseas staff (current and retired); by Head of Department for UK staff and by HR/last line manager/BCA (British Council Association) for UK retired staff. Two Trustees must approve applications up to £2,500; applications up to £3,500 must be approved by at least three Trustees and five Trustees for anything over £3,500. Applications can be made at any time throughout the year to ensure the response can be timely and appropriate. The impact of the grant can be very real and positive, e.g. access to medical care for staff members, elderly parents, spouses or young children, the repair of a house due to natural disasters, support for bereavement costs otherwise unaffordable or support to help with initial rent deposit to provide secure housing are just some of the types of cases dealt with on an annual basis. 41 one-off grants were made, with a total value of £45,173. Christmas grants These are much smaller in value (ranging from £50 to £100 each) and follow a different process. During November, line managers are invited to nominate members of their teams who are facing hardship, by submitting an application on their behalf. The committee of management reviews all applications and approves or declines during a minuted group discussion. Decisions are relayed to the line manager, who then confirms the decision to the individuals. It is made clear at the time of promotion that these grants must not be used by line managers as a reward for performance or substitution for compensation. 33 Christmas grants were awarded, with a total value of £3,800. 4 **----- Start of picture text -----**
Statement Para 1.18 The support provided by the Ben Fund does not
confirming extend to members of the public and is only
whether the available to people connected by a common
trustees have employer, the British Council.
had regard to
the guidance Therefore, as stated in Annex A of the Charity
issued by the Commission’s guidance on the public benefit
Charity requirement (PB1), the trustees are aware that the
Commission on Ben Fund is a charity whose purpose is to prevent
public benefit. or relieve poverty and therefore the public benefit
requirement can be met by satisfying only the
‘benefit’ aspect and there is no need to consider
the ‘public’ aspect.
That is to say, the trustees keep in mind when
reviewing applications that support should only be
given where it will either prevent or relieve the
difficulties which arise out financial hardship and
poverty, and where applicants have insufficient
means to resolve problems without additional help.
In August 2020, the Secretary conducted a survey
of trustees to inform a discussion and review of
their understanding and application of the Charity
Governance Code. This review led to an action
plan focused on developing specific areas of
governance within the organisation.
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## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
SORP
reference
Policy on grant
making Para 1.38
Policy on social
investment Para 1.38
including
program
related
investment
Contribution
made by Para 1.38
volunteers
Other
**----- End of picture text -----**
## **Achievements and Performance** **----- Start of picture text -----**
SORP
reference
Summary of Para 1.20 Summary of main achievements
the main
achievements During the Covid-19 pandemic, the Ben Fund
of the charity, sought to provide fun activities for staff and their
identifying the families during lockdowns, to provide them with
difference the some distraction from the anxiety of the pandemic
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5 **----- Start of picture text -----**
charity’s work and building solidarity with others through
has made to fundraising to support those who were most
the impacted by the crisis.
circumstances
of its The Ben Fund adopted JustGiving as a digital
beneficiaries fundraising platform, to enable colleagues around
and any wider the world to donate online in several major
benefits to currencies.
society as a
whole. A two-week online ‘Lockdown Challenge’ raised
£1,289. Regular weekly quizzes were run by
volunteers throughout the pandemic, with global
participation, helping to boost donations.
During the summer, colleagues in Lebanon were
affected by the explosion in the port area of Beirut.
The Ben Fund launched an appeal and colleagues
in the country were encouraged to come forwards
for financial support to cover medical costs, repairs
to their homes and vehicles. The Lebanon Appeal
raised £9,626.
Partly due to the Covid-19 pandemic, and partly to
continue the Ben Fund’s new success at global
fundraising via JustGiving, the traditional physical
Christmas markets were converted to a digital
format and a new ‘End-of-year Cheer Festival’ was
created. Colleagues from around the world ‘shared
a skill’ via online demonstrations, or joined a
virtual choir, among other activities. The End-of-
Year Cheer Festival raised £3,378.
Volunteers helped to produce a video with the
Director of British Council’s Lebanon office,
explaining how the appeal funds and grants
awarded to colleagues in Lebanon had boosted
morale amongst staff affected by the blast in the
port area of Beirut. He said “seeing the response
from around the world was a huge morale booster
for staff…the money…had made a real different to
colleagues’ lives, whether support for healthcare
costs, or more material support for repairs to
homes and cars. 2020 has been a very difficult
year, but the support of the Ben Fund has been a
highlight demonstrating the value of cultural
relations and of solidarity.”
Income from fundraising activities amounted to
£22,005, with further voluntary income from
payroll and pension donations, direct bank
payments and gift aid of £6,838. With the
inclusion of interest on investments of £82 and
dividend income of £8,501, total income for the
year was £37,426.
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## **Additional information (optional)** You may choose to include further statements where relevant about: 6 **----- Start of picture text -----**
Achievements Para 1.41
against
objectives set
Performance of Para 1.41
fundraising
activities
against
objectives set
Investment Para 1.41
performance
against
objectives
Other
**----- End of picture text -----**
7 ## **Financial Review** **----- Start of picture text -----**
Review of the Para 1.21 Cash reserves at 31/03/2021 stood at £109,967
charity’s compared to the £144,047 at the beginning of the
financial year. The settlement of the net debt of £54,005
position at the with the British Council for the grants paid by
end of the overseas offices in 2019-20 and 2020-21 will
period reduce the cash holdings.
The Fund continued to hold an investment in
M&G’s Charibond Income Fund and in Charifund
Income and Accumulation Funds.
The value of the Fund’s investments increases to
£725,289 (£581,955 in 19/20). The net unrealised
profit of the Charity’s investment was £143,335 in
line with overall investment market strength.
The total value of the Fund’s assets (investment &
cash reserves) were valued at £835,256, an
increase from the £726,002 in 19/20. This was due
to the movements explained above.
Statement Para 1.22 The Ben Fund’s purpose and main source of
explaining the expenditure is providing grants (or loans) to
policy for current or former British Council employees and
holding their dependants who are experiencing hardship.
reserves
stating why The trustees set a target amount of grants and
they are held loans to be distributed each year, and a maximum
level for each grant. These targets may be revised
in-year to respond to the impact of natural
disasters or other emergencies.
The main sources of income are investment
income, donations and legacies, and fundraising
events. The majority of the reserves are held as
investments, although the charity also holds cash
in bank accounts for ease of access for
reimbursing the British Council for payment of the
grants (or loans), as the British Council makes
payments on behalf of the Ben Fund through its
established payment processing
systems. Approximately £100,000 is required to
be held in the bank at any one time to meet these
in-year requirements.
Income from investments currently provides
around a third of total income and helps the Ben
Fund to manage the risks from fluctuation in the
other income sources.
Reserves are held to provide a source of income,
ensure the long-term sustainability of the Fund,
and to respond to unpredictable demands for
assistance caused by natural disasters or other
emergencies.
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8 **----- Start of picture text -----**
The trustees aim to balance meeting the needs of
current actual or potential beneficiaries with
maintaining the long-term viability of the Ben Fund
and meeting the needs of future potential
beneficiaries.
The target range for reserves agreed for 2020/21
was £550,000 to £750,000, in addition to the
£100,000 required for in-year operation of the
organisation.
In setting the target, the trustees review the net
income or expenditure position and level of
reserves at least annually. The trustees are
reducing the reserves to the target level in a
cautiously managed way by setting the target
level of grants above the current level of income.
Amount of Para 1.22 At year end investments stood at £725,289, plus
reserves held £109,967 cash at bank and in hand. Therefore,
reserves held were within the acceptable range.
Reasons for Para 1.22 n/a
holding zero
reserves
Details of fund Para 1.24 n/a
materially in
deficit
Explanation of Para 1.23 n/a
any
uncertainties
about the
charity
continuing as a
going concern
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## **Additional information (optional)** You may choose to include further statements where relevant about: The charity’s Para 1.47 principal sources of funds (including any fundraising) Investment Para 1.46 policy and objectives including any social investment policy adopted A description of Para 1.46 the principal risks facing the charity Other 9 ## **Structure, Governance and Management** **----- Start of picture text -----**
Description of
charity’s trusts:
Type of Para 1.25 Trust Deed
governing
document
How is the Para 1.25 Trust
charity
constituted?
Trustee Para 1.25 Trustee vacancies are advertised to the British
selection Council’s current global workforce via all available
methods internal communication channels. Applicants are
including requested to submit an expression of interest.
details of any
constitutional A panel of trustees review the expressions of
provisions e.g. interest and interview candidates to determine
election to post their suitability to perform the role based on the
or name of any relevance of their skills and experience.
person or body
entitled to The committee approves the appointment of the
appoint one or preferred candidate by a majority vote and the
more trustees approval to appoint is sought from the British
Council’s authorised representative, the Head of
Human Resources.
More generally, our governing document the Trust
deed states:
 There shall be at least three and not more
than eight Trustees.
 The Trustees may appoint new and
additional Trustees with the prior written
consent of the [British] Council.
 The [British] Council may appoint new and
additional Trustees by serving written notice
on the Fund.
 No person may be appointed a Trustee:
o unless he or she has attained 18
years; or
o in circumstances such that, had he or
she already been a Trustee, he or she
would have been disqualified from
acting under the provisions of this
deed; or
o if his or her appointment would mean
that a majority of Trustees are not
resident in England and Wales.
 A technical defect in the appointment of a
Trustee of which the Trustees are unaware at
the time does not invalidate decisions taken
by the Trustees.
 So long as there are fewer than three
Trustees none of the powers or discretions
conferred on the Trustees by this deed or by
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10 law shall be exercisable except for the power to appoint new Trustees. 11 ## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Policies and Para 1.51
procedures
adopted for the
induction and
training of
trustees
The charity’s Para 1.51
organisational
structure and
any wider
network with
which the
charity works
Relationship Para 1.51
with any
related parties
Other
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## **Reference and Administrative details** **----- Start of picture text -----**
Charity name British Council Benevolent Fund
Other name the charity The Ben Fund
uses
Registered charity 1161805
number
Charity’s principal 1 Redman Place, Stratford, London E20 1JQ
address
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## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Dates
acted if
Name of person (or body) entitled
Trustee name Office (if any) not for
to appoint trustee (if any)
whole
year
1 Firzana Perveen Manchester, UK Chief People Officer, British
Council
Manchester, UK Chief People Officer, British
2 [Stephanie ]
Ashcroft Council
3 [Mark Herbert] London, UK Chief People Officer, British
Council
Manchester, UK Chief People Officer, British
4 [Anna O’Flynn]
Council
5 [Ellie Buchdahl] Bucharest, Chief People Officer, British
Romania Council
6 [Karen Jack] London, UK Chief People Officer, British
Council
London, UK Chief People Officer, British
7 [Jenny Simms]
Council
8 [Cathy Stroemer] Cardiff, UK Chief People Officer, British
Council
**----- End of picture text -----**
12 Corporate trustees – names of the directors at the date the report was approved **Director name** n/a Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** None ## **Funds held as custodian trustees on behalf of others** Description of the assets None held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements n/a for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details n/a ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** 13 **Signature(s) Full name(s)** Anna O’Flynn Karen Jack **Position (eg** Trustee and co-chair **Secretary, Chair, etc) Date** 25 January 2022 14 |**The 'Ben Fund'**
**161805**
Annual accounts for the period
Period start date
**04/01/2020**
To
Period end date
**03/31/2021**
Charity No
(if any)|**The 'Ben Fund'**|**The 'Ben Fund'**|**The 'Ben Fund'**|Charity No
(if any)|**161805**|| |---|---|---|---|---|---|---| ||Annual accounts for the period|||||| ||Period start date|**04/01/2020**|To|Period end date|**03/31/2021**|| |**Section A Statement of fnancial activities**||||||| |Guidance Notes
**Total funds**
**£**
**£**
**£**
**£**
**£**
**Incoming resources (Note 3)**
F01
F02
F03
F04
F05
**Income and endowments from:**
Donations and legacies
S01
5,505 - - 5,505 6,166
Charitable activities
S02
22,005 - - 22,005 3,306
Other trading activities
S03
- - - - -
Investments
S04
8,583 - - 8,583 10,447
Separate material item of income
S05
- - - - -
Other
S06
1,333 - - 1,333 1,087
**_Total_**
S07
**37,426 - - 37,425 21,006**
**Resources expended (Note 4)**
**Expenditure on:**
Raising funds
S08
- - -
Charitable activities
S09
51,201 - - 51,201 39,768
Separate material item of expense
S10
37 - - 37 -
Others
S11
198 - - 198 123
**_Total_**
S12
**51,436 - - 51,436 39,891**
**Net expenditure before investment gains/(losses)**
S13
(14,010) **- -**
(14,011)
(18,885)
Net gains/(losses) on investments
S14
143,335 - -
143,335
(129,671)
**Net income/(expenditure)**
S15
**129,325 - -**
**129,324**
**(148,556)**
**Extraordinary items**
S16 - - - - -
**Transfers between funds**
S17 - - - - -
Gains and losses on revaluation of fxed assets for the charity’s own use
S18 - - - - -
Other gains/(losses)
S19
- - - -
**_Net movement in funds_**
S20
129,325 - -
129,325
(148,556)
**_Reconciliation of funds:_**
Total funds brought forward
S21 657,330 - - 657,330 805,886
**_Total funds carried forward_**
S22
**786,655 - - 786,655 657,330**
**Recommended categories by**
**activity**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**
**Other recognised** **gains/(losses):**||||||| |||-|-|-|-|-| ||||-|-|-|-| |||129,325|-|-|129,325|(148,556)| |||||||| |||657,330|-|-|657,330|805,886| |||**786,655**|**-**|**-**|**786,655**|**657,330**| CC17a (Excel) 01/28/2022 1 ## **Section B Balance sheet** |Guidance Notes
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Intangible assets**
B01
- - - - -
**Tangible assets**
B02
- - - - -
**Heritage assets**
B03
- - - - -
**Investments**
B04
- - - - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Unsecured Loans**
- - - - -
**Debtors (Note 6)**
6,909 - - 6,909 46,694
**Investments (Note 5)**
725,289 - - 725,289 581,955
**Cash at bank and in hand (Note 8)**
109,967 - - 109,967 144,047
**_Total current assets_**
**842,165 - - 842,166 772,696**
55,510 - - 55,510 115,366
**_Net current assets_**
**786,655 - - 786,655 657,330**
**_Total assets less current liabilities_**
786,655 -**-**786,655 657,330
- - - - -
**Provisions for liabilities**
- - - - -
**_Total net assets_**
**786,655 - - 786,655 657,330**
**Funds of the Charity**
**Endowment funds**
-
- -
-
- -
**Unrestricted funds**
786,655
- 786,655 657,330
**Revaluation reserve**
- -
**_Total funds_**
**786,655 - - 786,655 657,330**
Signature
Print Name
Anna O'Flynn
01/25/2021
Karen Jack
01/25/2021
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 7)**
**Creditors: amounts falling due after**
**one year**
**Restricted income funds**
Signed by one or two trustees on behalf of all
the trustees
Date of
approval
dd/mm/yyyy|Guidance Notes
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Intangible assets**
B01
- - - - -
**Tangible assets**
B02
- - - - -
**Heritage assets**
B03
- - - - -
**Investments**
B04
- - - - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Unsecured Loans**
- - - - -
**Debtors (Note 6)**
6,909 - - 6,909 46,694
**Investments (Note 5)**
725,289 - - 725,289 581,955
**Cash at bank and in hand (Note 8)**
109,967 - - 109,967 144,047
**_Total current assets_**
**842,165 - - 842,166 772,696**
55,510 - - 55,510 115,366
**_Net current assets_**
**786,655 - - 786,655 657,330**
**_Total assets less current liabilities_**
786,655 -**-**786,655 657,330
- - - - -
**Provisions for liabilities**
- - - - -
**_Total net assets_**
**786,655 - - 786,655 657,330**
**Funds of the Charity**
**Endowment funds**
-
- -
-
- -
**Unrestricted funds**
786,655
- 786,655 657,330
**Revaluation reserve**
- -
**_Total funds_**
**786,655 - - 786,655 657,330**
Signature
Print Name
Anna O'Flynn
01/25/2021
Karen Jack
01/25/2021
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 7)**
**Creditors: amounts falling due after**
**one year**
**Restricted income funds**
Signed by one or two trustees on behalf of all
the trustees
Date of
approval
dd/mm/yyyy|Guidance Notes
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Intangible assets**
B01
- - - - -
**Tangible assets**
B02
- - - - -
**Heritage assets**
B03
- - - - -
**Investments**
B04
- - - - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Unsecured Loans**
- - - - -
**Debtors (Note 6)**
6,909 - - 6,909 46,694
**Investments (Note 5)**
725,289 - - 725,289 581,955
**Cash at bank and in hand (Note 8)**
109,967 - - 109,967 144,047
**_Total current assets_**
**842,165 - - 842,166 772,696**
55,510 - - 55,510 115,366
**_Net current assets_**
**786,655 - - 786,655 657,330**
**_Total assets less current liabilities_**
786,655 -**-**786,655 657,330
- - - - -
**Provisions for liabilities**
- - - - -
**_Total net assets_**
**786,655 - - 786,655 657,330**
**Funds of the Charity**
**Endowment funds**
-
- -
-
- -
**Unrestricted funds**
786,655
- 786,655 657,330
**Revaluation reserve**
- -
**_Total funds_**
**786,655 - - 786,655 657,330**
Signature
Print Name
Anna O'Flynn
01/25/2021
Karen Jack
01/25/2021
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 7)**
**Creditors: amounts falling due after**
**one year**
**Restricted income funds**
Signed by one or two trustees on behalf of all
the trustees
Date of
approval
dd/mm/yyyy|Guidance Notes
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Intangible assets**
B01
- - - - -
**Tangible assets**
B02
- - - - -
**Heritage assets**
B03
- - - - -
**Investments**
B04
- - - - -
**_Total fxed assets_**
B05
- - - - -
**Current assets**
**Unsecured Loans**
- - - - -
**Debtors (Note 6)**
6,909 - - 6,909 46,694
**Investments (Note 5)**
725,289 - - 725,289 581,955
**Cash at bank and in hand (Note 8)**
109,967 - - 109,967 144,047
**_Total current assets_**
**842,165 - - 842,166 772,696**
55,510 - - 55,510 115,366
**_Net current assets_**
**786,655 - - 786,655 657,330**
**_Total assets less current liabilities_**
786,655 -**-**786,655 657,330
- - - - -
**Provisions for liabilities**
- - - - -
**_Total net assets_**
**786,655 - - 786,655 657,330**
**Funds of the Charity**
**Endowment funds**
-
- -
-
- -
**Unrestricted funds**
786,655
- 786,655 657,330
**Revaluation reserve**
- -
**_Total funds_**
**786,655 - - 786,655 657,330**
Signature
Print Name
Anna O'Flynn
01/25/2021
Karen Jack
01/25/2021
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**Creditors: amounts falling due**
**within one year (Note 7)**
**Creditors: amounts falling due after**
**one year**
**Restricted income funds**
Signed by one or two trustees on behalf of all
the trustees
Date of
approval
dd/mm/yyyy| |---|---|---|---| ||Signature|Print Name|Date of
approval
dd/mm/yyyy| |||Anna O'Flynn|01/25/2021| |||Karen Jack|01/25/2021| CC17a (Excel) 2 01/28/2022 ## **Section C Notes to the accounts** Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: - the Statement of Recommended Practice: Accounting and Reporting by Charities - • and with* ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 - • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* n/a * -Tick as appropriate **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ **----- Start of picture text -----**
An explanation as to those factors that support n/a
the conclusion that the charity is a going
concern;
Disclosure of any uncertainties that make the n/a
going concern assumption doubtful;
Where accounts are not prepared on a going n/a
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* ü
* -Tick as appropriate
No* ü
Please disclose:
(i) the nature of the change in accounting policy; n/a
(ii) the reasons why applying the new accounting
policy provides more reliable and more relevant n/a
information; and
(iii) the amount of the adjustment for each line n/a
affected in the current period, each prior period
presented and the aggregate amount of the
adjustment relating to periods before those presented,
3.44 FRS 102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes* ü
No* ü * -Tick as appropriate
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one
or more future periods.
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## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). |Yes*
No*||ü
*
ü|-Tick|as|appropriate| |---|---|---|---|---|---| |**_Please_**|**_disclose:_**||||| ## _**(i) the nature of the prior period error;**_ _**(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and**_ _**(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_ CC17a (Excel) 3 01/28/2022 ## **Section C** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. presented, if all are applicable._ ## **2.1 RECONCILIATION WITH PREVIOUS GE PRACTICE** **Please provide a description of the nature of each change n/a in accounting policy** |**_Reconcilation of funds per previous GAAP to funds deter_**|**_Reconcilation of funds per previous GAAP to funds deter_**|**_Reconcilation of funds per previous GAAP to funds deter_**| |---|---|---| ||**Start of**|**End of**| ||**period**|**period**| ||**£**|**£**| |**Fund balances as previously**||| |**stated**||| |**_Adjustments:_**
|**_-_**|**_-_**| |**Fund balance as restated**
|**_-_**|**_-_**| |**_Reconcilation of net income/(net expenditure) per previ_**||| |**_102_**||**End of**| |||**£**
**period**| |**Net expenditure as previously**|**stated**|| |**_Adjustments:_**||| |**Previous period net expenditure as**||| |**restated**||**_-_**| CC17a (Excel) 01/28/2022 4 ## **Notes to the accounts** _Section 35 of FRS102, requires 3 reconciliations to be_ ## **ENERALLY ACCEPTED ACCOUNTING** ## _**rmined under FRS 102**_ ## _**ious GAAP to net income/(net expenditure) under FRS**_ CC17a (Excel) 01/28/2022 5 ## **Section C Not** ## **Note 2 Accounting policies 2.2 INCOME** _This standard list of accounting policies has been applied b different or additional policy has been adopted then this is_ |**Recognition of income**|These are included in the Stat| |---|---| ||· the charity becomes ent| ||· it is more likely than not| ||· the monetary value can| |**Ofsetting**|There has been no ofsetting o
permitted by the FRS 102 SOR| |**Grants and donations**|Grants and donations are only| ||criteria are met (5.10 to 5.12| ||In the case of performance re| ||that the charity has provided| |**Legacies**|Legacies are included in the S| ||grant of probate, the executor| ||estate and any conditions atta| ||charity or have been met.| |**Government grants**|The charity has received gove| ||Gift Aid receivable is included| |**Tax reclaims on**|Any Gift Aid amount recovered| |**donations and gifts**|treated as an addition to the s| ||terms of the appeal have spec| |**Contractual income and**
**performance related**
**grants**|This is only included in the So
services or met the performan| |**Donated goods**|Donated goods are measured
exchanged) unless impractica| ||The cost of any stock of goods| ||the fair value of those gifts at| ||receipt. In the reporting perio| ||as an expense at the carrying| ||Donated goods for resale are| ||expected proceeds from sale| ||from other trading activities' w| ||sheet. On its sale the value o| ||activities' and the proceeds fr| ||activities'.| Goods donated for on-going u and included in the SoFA as in Gifts in kind for use by the cha when receivable. |**Donated services and**|Donated services and facilitie| |---|---| |**facilities**|the gift to the charity provided| ||Donated services and facilitie| ||with an equivalent amount rec| ||the SOFA.| |**Support costs**|The charity has incurred expe| |**Volunteer help**|The value of any voluntary he
in the trustees’ annual report.| |**Income from interest,**|This is included in the account| |**royalties and dividends**|be measured reliably.| |**Income from membership**|
Membership subscriptions rec| |**subscriptions**|Legacies.| ||Membership subscriptions wh| ||benefts are recognised as inc| ||income from charitable activit| |**Settlement of insurance**
**claims**|Insurance claims are only incl
criteria are met (5.10 to 5.12
in the SoFA.| |**Investment gains and**
**losses**|This includes any realised or u
any gain or loss resulting from| ||year.| |**2.3 EXPENDITURE**|**AND LIABILITIES**| |**Liability recognition**|Liabilities are recognised whe| ||constructive obligation comm| ||the obligation can be measure| |**Governance and support**|
Support costs have been alloc| |**costs**|Governance costs comprise a| ||compliance with regulation an| ||Support costs include central| ||categories on a basis consiste| ||foor areas, or per capita, staf| |**Grants with performance**|
Where the charity gives a gra| |**conditions**|service or output to be provid| ||recipient of the grant has prov| |**Grants payable without**|Where there are no conditions| |**performance conditions**|realistically avoid the commitm| ||recognised.| **Redundancy cost** The charity made no redunda **Deferred income** No material item of deferred i The charity has creditors whic **Creditors** discounts A liability is measured on reco **Provisions for liabilities** measured at the best estimat reporting date The charity accounts for basic **Basic financial** paragraph 10.7 FRS 102 SORP **instruments** 11.19, FRS 102 SORP. **2.4 ASSETS Tangible fixed assets for** These are capitalised if they c **use by charity** They are valued at cost. The depreciation rates and me **Intangible fixed assets** The charity has intangible fixe physical substance but are ide or legal rights. The amortisat They are valued at cost. **Heritage assets** The charity has heritage asset scientific, technological, geop maintained principally for the rates and methods used as di They are valued at cost. **Investments** Fixed asset investments in qu valued at initially at cost and end. The same treatment is a measured reliably in which ca Investments held for resale or maturity date of less than 1 y **Stocks and work in** Stocks held for sale as part of **progress** realisable value. Goods or services provided as based on the service potentia Work in progress is valued at **Debtors** Debtors (including trade debto settlement amount after any t they are measured at the cash **Current asset investments** The charity has has investmen equivalents with a maturity da equivalents with a maturity da to meet short term cash comm They are valued at fair value e **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** **tes to the accounts (cont)** _by the charity except for those ticked "No" or "N/a". Where a detailed in the box below._ tement of Financial Activities (SoFA) when: itled to the resources; that the trustees will receive the resources; and be measured with sufficient reliability. **----- Start of picture text -----**
Yes No N/a
ü
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of assets and liabilities, or income and expenses, unless required or RP or FRS 102. y included in the SoFA when the general income recognition FRS 102 SORP). lated grants, income must only be recognised to the extent the specified goods or services as entitlement to the grant SOFA when receipt is probable, that is, when there has been rs have established that there are sufficient assets in the ached to the legacy are either within the control of the ernment grants in the reporting period in income when there is a valid declaration from the donor. d on a donation is considered to be part of that gift and is same fund as the initial donation unless the donor or the cified otherwise. FA once the charity has provided the related goods or nce related conditions. at fair value (the amount for which the asset could be al to do so. s donated for distribution to beneficiaries is deemed to be the time of their receipt and they are recognised on od in which the stocks are distributed, they are recognised amount of the stocks at distribution. measured at fair value on initial recognition, which is the less the expected costs of sale, and recognised in 'Income with the corresponding stock recognised in the balance of stock is charged against 'Income from other trading rom sale are also recognised as 'Income from other trading se by the charity are recognised as tangible fixed assets ncoming resources when receivable. arity are included in the SoFA as income from donations **----- Start of picture text -----**
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
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ü
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s are included in the SOFA when received at the value of d the value of the gift can be measured reliably. s that are consumed immediately are recognised as income cognised as an expense under the appropriate heading in nditure on support costs. **----- Start of picture text -----**
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
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elp received is not included in the accounts but is described . ts when receipt is probable and the amount receivable can ceived in the nature of a gift are recognised in Donations and ich gives a member the right to buy services or other come earned from the provision of goods and services as ties. uded in the SoFA when the general income recognition FRS 102 SORP) and are included as an item of other income unrealised gains or losses on the sale of investments and m revaluing investments to market value at the end of the re it is more likely than not that there is a legal or itting the charity to pay out resources and the amount of ed with reasonable certainty. cated between governance costs and other support. ll costs involving public accountability of the charity and its nd good practice. functions and have been allocated to activity cost ent with the use of resources, eg allocating property costs by ff costs by the time spent and other costs by their usage. nt with conditions for its payment being a specific level of ed, such grants are only recognised in the SoFA once the vided the specified service or output. s attaching to the grant that enables the donor charity to ment, a liability for the full funding obligation must be **----- Start of picture text -----**
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
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Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes No N/a
ü
Yes N/a
ü
Yes No N/a
ü
Yes No N/a
ü
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ncy payments during the reporting period. ncome has been included in the accounts. ch are measured at settlement amounts less any trade ognition at its historical cost and then subsequently e of the amount required to settle the obligation at the c financial instruments on initial recognition as per - P. Subsequent measurement is as per paragraphs 11.17 to can be used for more than one year, and cost at least ethods used are disclosed in note 14. ed assets, that is, non-monetary assets that do not have entifiable and are controlled by the charity through custody ion rates and methods used are disclosed in note 15 ts, that is, non-monetary assets with historic, artistic, hysical or environmental qualities that are held and ir contribution to knowledge and culture. The depreciation sclosed in note 16. oted shares, traded bonds and similar investments are subsequently at fair value (their market value) at the year applied to unlisted investments unless fair value cannot be se it is measured at cost less impairment. r pending their sale and cash and cash equivalents with a ear are treated as current asset investments f non-charitable trade are measured at the lower or cost or net s part of a charitable activity are measured at net realisable value l provided by items of stock. cost less any foreseeable loss that is likely to occur on the contract. Yes ors and loans receivable) are measured on initial recognition at trade discounts or amount advanced by the charity. Subsequently, h or other consideration expected to be received. nts which it holds for resale or pending their sale and cash and cash ate less than one year. These include cash on deposit and cash ate of less than one year held for investment purposes rather than mitments as they fall due. except where they qualify as basic financial instruments. **----- Start of picture text -----**
Yes No N/a
ü
Yes No N/a
ü
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**Section C Notes to the accounts** ## **Note 3 Analysis of income** **----- Start of picture text -----**
Restricted
Unrestricted income Endowment
funds funds funds
Analysis
Donations Donations and gifts 4,000 - -
and legacies: Gift Aid 1,333 - -
Legacies - - -
General grants provided by government/other
charities - - -
Membership subscriptions and sponsorships
which are in substance donations
1,505 - -
Other - - -
Total 6,838 - -
Charitable Christmas Appeal
activities: - - -
Other Fundraising 22,005 - -
- -
Other - - -
Total 22,005 - -
Other trading
activities: - - -
- - -
- - -
Other - - -
Total - - -
Income from Interest income 82 - -
investments: Dividend income 8,501 - -
Rental and leasing income - - -
Other - - -
Total 8,583 - -
Separate - - -
material item - - -
of income: - - -
- - -
Total - - -
Other: Conversion of endowment funds into income
Gain on disposal of a tangible fixed asset held
for charity's own use
Gain on disposal of a programme related
investment
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CC17a (Excel) 01/28/2022 14 **----- Start of picture text -----**
Royalties from the exploitation of intellectual
property rights
Other
Total - - -
TOTAL INCOME 37,426 - -
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
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CC17a (Excel) 01/28/2022 15 **(cont)** **----- Start of picture text -----**
Total funds Prior year
£ £
4,000 4,393
1,333 1,087
- -
- -
1,505 1,736
- 37
6,837 7,253
**----- End of picture text -----**
- 3,306 22,005 - - - - **22,005 3,306** - - - - - - - - **- -** 82 319 8,501 10,128 - - - - **8,583 10,447** - - - - - - - - - - - - - - - - CC17a (Excel) 16 01/28/2022 - - - - - - **37,425 21,006** CC17a (Excel) 01/28/2022 17 ## **Section C Notes to the accounts** ## **Note 4 Analysis of expenditure** |**Analysis**
One Of Grants
45,173 - -
Quarterly Grants
1,400 - -
Xmas Grants
3,800 - -
Legacy Grant
828 - -
**51,201 - -**
Forex
37 - -
Bank charges
- - -
Provisions for Uncollected Gift Aid
- - -
Corrections
- - -
**Total**
**37 - -**
**Other**
Other Small Value Expenditure
198 - -
- - -
- - -
- - -
- - -
**Total other expenditure**
**198 - -**
**TOTAL EXPENDITURE**
**51,436 - -**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Expenditure on**
**charitable**
**activities**
**Total expenditure on charitable**
**activities**
**Separate**
**material item of**
**expense**|**Analysis**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Analysis**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---| ||One Of Grants|45,173|-|-| ||Quarterly Grants|1,400|-|-| ||Xmas Grants|3,800|-|-| ||Legacy Grant|828|-|-| ||**Total expenditure on charitable**
**activities**|**51,201**|**-**|**-**| |||||| ||Forex|37|-|-| ||Bank charges|-|-|-| ||Provisions for Uncollected Gift Aid|-|-|-| ||Corrections|-|-|-| ||**Total**|**37**|**-**|**-**| |||||| ||Other Small Value Expenditure|198|-|-| |||-|-|-| |||-|-|-| |||-|-|-| |||-|-|-| ||**Total other expenditure**|**198**|**-**|**-**| |||**51,436**|**-**|**-**| ## **Other information:** CC17a (Excel) 18 01/28/2022 ## **(cont)** **----- Start of picture text -----**
Total funds Prior year
£ £
45,173 36,582
1,400 1,600
3,800 1,586
828 -
51,201 39,768
37 -
- -
- -
- -
37 -
198 123
- -
- -
- -
- -
198 123
51,436 39,891
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*** Need to check with KGP CC17a (Excel) 19 01/28/2022 ## **Section C Notes to the accounts** ## **Note 11 Paid employees** _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** **Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits** **This year £** - - - **Total staff costs** - **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party** _**Please give details of the number of employees whose total employee benefits (excl pension costs) fell within each band of £10,000 from £60,000 upwards. If there are transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** **----- Start of picture text -----**
Band Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
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**Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity** **11.2 Average head count in the year** **The parts of the charity in which the employees work** **----- Start of picture text -----**
This year
Number
Fundraising -
Charitable Activities -
Governance -
Other -
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CC17a (Excel) 20 01/28/2022 **Total** - ## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ **Please explain the nature of the payment** **Please state the legal authority or reason for making the payment** **Please state the amount of the payment (or value of any waiver of a right to an asset)** ## **11.4 Redundancy payments** _**Please complete if any redundancy or termination payment is made in the period.**_ **Total amount of payment** **The nature of the payment (cash, asset etc.)** **The extent of redundancy funding at the balance sheet date** **Please state the accounting policy for any redundancy or termination payments** CC17a (Excel) 21 01/28/2022 **(cont)** **Last year £** - - - - ## _**luding employer no such**_ **Last year Number** - - - - CC17a (Excel) 22 01/28/2022 - CC17a (Excel) 23 01/28/2022 ## **Section C Notes to the accounts** ## **Note 5 Investment assets** _**Please complete this note if the charity has any investment assets.**_ ## **5.1 Fixed assets investments (please provide for each class of investment)** |Carrying value at beginning of period
- - - -
- - - -
- - - -
Carrying (fair) value at end of year
- - - -
n/a
**Cash & cash**
**equivalents**
**Listed**
**investments**
**Investment**
**properties**
**Social**
**investments**
**Add/(deduct):**transfer in/(out) in the
period
**Add:**net gain on revaluation
***Please specify additions resulting from**
**acquisitions through business combinations, if**
**any.**|**Cash & cash**
**equivalents**|
**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |||n/a||| _**Please note that Fair Value in this context is the amount for which an asset could be knowlegable and willing parties in an arm's length transaction. For traded securities value of the security quoted on the London Stock Exchange Daily Official List or equi assets where there is no market price on a traded market, it is the trustees' or value fair value.**_ ## **5.2 Please provide a breakdown of investments shown above agreeing with t balance sheet row B04 differentiating between those held at fair value and th at cost less impairment.** |**Analysis of investments**
**Cash or cash equivalents**
**Listed investments**
**Total**
**Grand total (Fair value at year end+Cost less impairment)**|| |---|---| ||**Fair value at year end**| ||**£**| ||-| ||-| ||-| ||| CC17a (Excel) 24 01/28/2022 ## **5.3 Please provide a breakdown of current asset investments, if applicable, a balance sheet.** **Analysis of current asset This year investments £ Cash or cash equivalents** - **Listed investments** 725,289 **Total** 725,289 ## **5.4 Concessionary loans** **Amount of concessionary loans made (** _**Multiple loans made may be disclosed in aggregate provided that such aggregation does not obsure significant information**_ **).** _**Description Total**_ Zero interest rate **Terms and conditions eg interest rate, security provided** **Amounts payable within 1 year** **Amounts payable after more than 1 year** ## **5.5 Additional information** No hedging is being made to manage th **Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.** The fair value of all investment is taken **For all investments measured at fair value, the** valuation statetements that we receive f **basis for determining the value, including any assumptions applied when using a valuation technique.** CC17a (Excel) 25 01/28/2022 n/a **Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.** CC17a (Excel) 26 01/28/2022 ## **(cont)** **----- Start of picture text -----**
Other Total
- -
- -
- -
- -
**----- End of picture text -----**
_**exchanged between s, the fair value is the ivalent. For other ers' best estimate of**_ ## **the hose held** **----- Start of picture text -----**
Cost less impairment
£
-
-
-
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CC17a (Excel) 27 01/28/2022 ## **agreeing with the** **----- Start of picture text -----**
Last year
£
-
581,955
581,955
**----- End of picture text -----**
**----- Start of picture text -----**
This year £ Last year £
- -
- -
-
**----- End of picture text -----**
he financial risk on those loans. out of the quarterly/ twice annual from M&G and Schroeders CC17a (Excel) 28 01/28/2022 CC17a (Excell 29 0112812022 **Section C Notes to the accounts** **Note 6 Debtors and prepayments** _**Please complete this note if the charity has any debtors or prepayments.**_ ## **6.1 Analysis of debtors** ## **Other debtors** **Total** CC17a (Excel) 30 01/28/2022 ## **(cont)** **----- Start of picture text -----**
This year Last year
£ £
6,909 46,694
6,909 46,694
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CC17a (Excel) 31 01/28/2022 ## **Section C Notes to the accounts** **Note 7 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ ## **7.1 Analysis of creditors** ## **Other creditors** **----- Start of picture text -----**
Amounts falling due
within one year
This year Last year
£ £
55,510 115,366
Total 55,510 115,366
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CC17a (Excel) 32 01/28/2022 ## **(cont)** **----- Start of picture text -----**
Amounts falling due after
more than one year
This year Last year
£ £
- -
- -
**----- End of picture text -----**
CC17a (Excel) 33 01/28/2022 **Section C Notes to the accounts** **Note 8 Cash at bank and in hand** **Cash at bank and on hand Total** CC17a (Excel) 34 01/28/2022 ## **(cont)** **This year Last year £ £** 109,967 144,047 109,967 144,047 0 0 CC17a (Excel) 35 01/28/2022 ## **Section C Notes to the accounts** ## **Note 9 Fair value of assets and liabilities** **9.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will** n/a **fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.** **9.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.** **£ 143,335** is the total net unre investment in 20/21 financial ye CC17a (Excel) 36 01/28/2022 ## **(cont)** alised gain from ar. CC17a (Excel) 37 01/28/2022 ## **Section C Notes to the accounts (cont)** ## **Note 10 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **10.1 Trustee remuneration and benefits** **----- Start of picture text -----**
None of the trustees have been paid any remuneration or received any other benefits from an employment with
their charity or a related entity (True or False) 1
Please give details of why remuneration or other employment n/a
benefits were paid.
Where an ex gratia payment has been made to a trustee, n/a
provide an explanation of the nature of the payment.
If a third party has been reimbursed for providing one or more n/a
trustees, state the nature of the payment and amount of the
reimbursement.
State the number of trustees to whom retirement benefits are None
accruing under a defined contribution pension scheme.
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## **10.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ **No trustee expenses have been incurred (True or False)** **Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity** **----- Start of picture text -----**
None
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_**1**_ ## **10.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ **There have been no related party transactions in the reporting period (True or False)** _**0**_ **----- Start of picture text -----**
Amounts
Name of the trustee Relationship Description of the Amount Balance at Provision for bad written off during
or related party to charity transaction(s) period end debts at period end
reporting
period
£ £ £ £
British Council Trustees are Payments are made by British
appointed by Council on behalf of the
Britsh Council Trusts- The amounts are 42,623 55,510 - - -
included within Creditors
British Council Trustees are Monies (repayment of loans)
appointed by are received by British
Britsh Council Council on behalf of the - 1,506 - - -
Trusts- The amounts are
included within Debtors
In relation to the transactions above, please provide the terms
and conditions, including any security and the nature of any
payment (consideration) to be provided in settlement.
n/a
For any related party, please provide details of any guarantees
given or received. n/a
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CC17a (Excel) 38 01/28/2022 ## **Section C Notes to the accounts** ## **Note 28 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expens details of such transactions should be provided in this note. If there are no transactio in the box or "False" if there are transactions to report.**_ ## **28.1 Trustee remuneration and benefits** **None of the trustees have been paid any remuneration or received any other benefits employment with their charity or a related entity (True or False)** _**In the period the charity has paid trustees remuneration and benefits. Please give the for, any remuneration or other benefits paid to a trustee by the charity or any instituti**_ **----- Start of picture text -----**
Amounts pa
This ye
Legal authority (eg Remuneration Pension
Name of trustee order, governing contribution
document)
£ £
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_**Please give details of why remuneration or other employment benefits were paid.**_ _**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_ ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such tran this note. If there are no transactions to report, please enter “True” in the box below. report, please enter "False".**_ ## **No trustee expenses have been incurred (True or False)** **This Type of expenses reimbursed £** CC17a (Excel) 39 01/28/2022 **Travel Subsistence Accommodation Other (please specify): TOTAL** ## **Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity** ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in wh interest, including where funds have been held as agent for related parties. If there a enter 'true' in the box provided.**_ ## **There have been no related party transactions in the reporting period (True or False)** **----- Start of picture text -----**
Name of the trustee Relationship Description of the Balance at
Amount
or related party to charity transaction(s) period end
£ £
**----- End of picture text -----**
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_ _**For any related party, please provide details of any guarantees given or received.**_ CC17a (Excel) 40 01/28/2022 ## **(cont)** ## _**ses explained in guidance notes) ons to report, please enter “True”**_ ## **from an** ## _**e amount of, and legal authority ion or company connected with it.**_ **----- Start of picture text -----**
aid or benefit value
ear Last year
Redundancy Other TOTAL
(including
loss of
office)/ex
gratia
£ £
**----- End of picture text -----**
## **aid or benefit value** ## _**nsactions should be provided in . If there are transactions to**_ **----- Start of picture text -----**
year Last year
£ £
**----- End of picture text -----**
CC17a (Excel) 01/28/2022 41 ## _**hich a related party has a material are no such transactions, please**_ **----- Start of picture text -----**
Amounts
written off
Provision for bad
during
debts at period end
reporting
period
£ £
**----- End of picture text -----**
CC17a (Excel) 42 01/28/2022 ## **ote 29 Additional Disclosures** CC17a (Excel) 43 01/28/2022 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** |**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**|Charity Name
The ‘Ben Fund’|Charity Name
The ‘Ben Fund’|Charity Name
The ‘Ben Fund’| |---|---|---|---| ||||| ||31/03/2021|**Charity no**
**(if any)**|161805| ||||| ||||| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2021. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**

|**Date:**|| |---|---|---| |||26 January2022| |||| ||Nancy Wangeci|| |||| ||CPA, CIA|| |||| ||The British Council, 1 Redman Place|| ||Stratford, London E20 1JQ|| ||United Kingdom|| 1 ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of** NOT APPLICABLE. **any items that the examiner wishes to disclose** . 2