## **Trustees’ Annual Report for the period** **From 01/04/2022 Period start date To 31/03/2023 Period end date** **Charity name: British Council Benevolent Fund, known as “the Ben Fund” Charity registration number:1161805** ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The purpose of the Fund is the granting of
relief or assistance to past and present staff
of the British Council and their families or
dependents who are in necessitous
circumstances.
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) a 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 main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The British Council Benevolent Fund’s
charitable purpose is the alleviation of
financial hardship for British Council
employees, contractors and temporary
staff, both past and present, and their
families.
It is open to all current and former payroll
employees irrespective of where they are
based globally. The overriding criterion for
assistance being immediate need and
financial difficulty; support is given for
example when such difficulty 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
‘End-of-year grants’ (formerly known as
‘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.
The committee of management also| decided to withdraw the offer of interestfree loans, due to the additional administrative burden on the British Council’s payroll team. One-off 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. 38 one-off grants were made in 2022/23, with a total value of £55,859. In this financial year, the trustees approved the extension of the initial budget to accommodate further grants to the amount of £5,857.39. End-of-year 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 have had a challenging year due to personal circumstances by applying on their behalf. The committee of management reviews all applications and approves or declines requests 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. 31 End of Year grants were awarded, with |||a total value of £3,100.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The support provided by the Ben Fund
does not extend to members of the public
and is only available to people connected
by a common employer, the British Council.
Therefore, as stated in Annex A of the
Charity Commission’s guidance on the
public benefit requirement (PB1), the
trustees are aware that the Ben Fund is a
charity whose purpose is to prevent 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 of 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, and the
trustees held an Away Day in September
2022 to review progress against this action
plan.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||
SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|| |Other||| ## **Achievements and Performance** ||SORP
reference||| |---|---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20||Summary of main achievements
Afghanistan and Ukraine
The Ben Fund continued to provide
emergency assistance to ex-colleagues,
the majority of whom are now in transit in
Pakistan, waiting to be relocated.
Charity Governance
Following the away day in September
2022, have redesigned the committees of
action and taken steps to start new ways of
working towards and a rebrand. A strategy
was created, and our vision and purpose
were refreshed, and we created 3x sub-
committees (Finance and Governance,
Effectiveness and Efficiency and
Fundraising and Engagement). Sub-
committees meet between bi-monthly
meetings to discuss and undertake projects
relating to their areas or expertise. We also
refreshed our brand reflecting a more
global organisation.
They have also started reviewing their
investment portfolio to find a more effective
way to keep track of our investments and
educate the trustees on investment options.
The trustees have also been reviewing the
grant application process including a
refresh of the application form. As part of
the brand refresh, we started to plan an
update of our internal and external intranet
site to make it more accessible to
colleagues and provide a more effective
mechanism to communicate our fundraising
activities.
Marketing
As 2023 marks the 75thAnniversary of the
Charity, the trustees planned a year long
series of engagement and several
fundraising events to raise our profile
internally and bring more
volunteers/donations.| ## **Additional information (optional)** You may choose to include further statements where relevant about: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives Para 1.41 set Investment performance against objectives Para 1.41 Other ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Cash reserves at 31/03/2023 stood at
£202,918 compared to the £ 178,768 at the
beginning of the year.
There was no settlement made of debt with
the British Council for the grants paid out on
behalf of Benevolent Fund 2020-21 and
2021-22. Once the settlement is made to
the British Council, the cash holdings will be
significantly reduced.
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 has
decreased to £789,358 (£803,380 in 21/22)
The net unrealised loss of the Charity’s
investment was £14,022 in line with overall
investment market movements.
The total value of the Fund’s assets
(investment & cash reserves) was valued at
£ 992,276 an increase from the £982,148 in
21/22. This was due to the movements
explained above.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Ben Fund’s purpose and main source
of expenditure is providing grants (or loans)
to current or former British Council
employees and their dependants who are
experiencing hardship.
The trustees set a target amount of grants
and 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 42% 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.
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
2022/23 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 reserves held|Para 1.22|| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document
(trust deed, royal charter)|Para 1.25|Trust Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustee vacancies are advertised to the
British Council’s current global workforce
via all available internal communication
channels. Applicants are requested to
submit an expression of interest. A panel of
trustees review the expressions of interest
and interview candidates to determine their
suitability to perform the role based on the
relevance of their skills and experience.
The committee approves the appointment
of the preferred candidate by a majority
vote and the approval to appoint is sought
from the British Council’s authorised
representative, the Chief People Officer.
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 law shall be exercisable except for the power to appoint new Trustees. ## **Additional information (optional)** ## You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|British Council Benevolent Fund| |---|---| |Other name the charity uses|The Ben Fund| |Registered charity number|1161805| |Charity’s principal address|1 Redman Place, Stratford, London E20 1JQ| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Firzana Perveen|Manchester, UK||Chief People Officer, British
Council| ||Stephanie Ashcroft|Manchester, UK||Chief People Officer, British
Council| ||Ellie Buchdahl|Bucharest, Romania||Chief People Officer, British
Council| ||Jenny Simms|London, UK||Chief People Officer, British
Council| ||Karen Jack|London, UK||Chief People Officer, British
Council| ||Anna O’Flynn|Manchester, UK||Chief People Officer, British
Council| ||Paul Smith|Sarajevo, Bosnia||Chief People Officer, British
Council| ||Cathy Stroemer|Cardiff, UK|Until August 2023|Chief People Officer, British
Council| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A 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 for N/A 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 ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Karen Jack Paul Smith **Position (eg** Co-Chair Co/Chair **Secretary, Chair, etc) Date** 25 January 2024 |**The 'Ben Fund'**|**The 'Ben Fund'**|**The 'Ben Fund'**|Charity No
(if any)|**161805**|| |---|---|---|---|---|---| |Annual accounts for theperiod|||||| |Period start date|**44,287**|To|Period end date|**3/31/2022**|| ## **Section A Statement of financial activities** |**Recommended categories by activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
**_Total_**
S07
**Resources expended (Note 4)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Others
S11
**_Total_**
S12
**Net expenditure before investment gains/(losses)**
S13
Net gains/(losses) on investments
S14
**Net income/(expenditure)**
S15
**Extraordinary items**
S16
**Transfers between funds**
S17
Gains and losses on revaluation of fixed assets for the charity’s own use
S18
Other gains/(losses)
S19
**_Net movement in funds_**
S20
**_Reconciliation of funds:_**
Total funds brought forward
S21
**_Total funds carried forward_**
S22
**Other recognised** **gains/(losses):**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**| |---|---|---|---|---|---| ||4,717|-|-|4,717|13,216| ||10,007|-|-|10,007|48,137| ||-|-|-|-|-| ||10,870|-|-|10,870|8,977| ||-|-|-|-|-| ||-|-|-|-|1,411| ||**25,595**|**-**|**-**|**25,595**|**71,741**| ||||||| |||-|-|-|| ||59,759|-|-|59,759|74,727| ||-|-|-|-|-| ||1,329|-|-|1,329|290| ||**61,088**|**-**|**-**|**61,088**|**75,017**| ||||||| ||(35,493)|-|-|(35,493)|(3,276)| ||(14,022)|-|-|(14,022)|78,090| ||**- 49,515**|**-**|**-**|**(49,515)**|**74,814**| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||(49,515)|-|-|(49,515)|74,814| ||||||| ||861,469|-|-|861,469|786,655| ||**811,954**|**-**|**-**|**811,954**|**861,469**| CC17a (Excel) 01/31/2024 1 ## **Section B Balance sheet** |Guidance Notes
B01
B02
B03
B04
B05|**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**|**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**|**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**|**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**|**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**| |---|---|---|---|---|---| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||11,103|-|-|11,103|9,847| ||789,358|-|-|789,358|803,380| ||202,918|-|-|202,918|178,768| ||**1,003,379**|**-**|**-**|**1,003,379**|**991,995**| ||||||| ||191,425|-|-|191,425|130,526| ||||||| ||**811,954**|**-**|**-**|**811,954**|**861,469**| ||||||| ||811,954|-|**-**|811,954|861,469| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||**811,954**|**-**|**-**|**811,954**|**861,469**| ||||||| **Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17)** _**Total fixed assets**_ ## **Current assets** **Unsecured Loans Debtors (Note 6) Investments (Note 5) Cash at bank and in hand (Note 8)** _**Total current assets**_ **Creditors: amounts falling due within one year (Note 7)** _**Net current assets Total assets less current liabilities**_ **Creditors: amounts falling due after one year (Note 20) Provisions for liabilities** _**Total net assets**_ ## **Funds of the Charity** |-|||-|-| |---|---|---|---|---| ||-||-|-| |811,954||-|811,954|861,469| ||||-|-| |**811,954.32**|**-**|**-**|**811,954**|**861,469**| **Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve** _**Total funds**_ |Signature|Print Name|Date of approval
dd/mm/yyyy| |---|---|---| |||| |||| Signed by one or two trustees on behalf of all the trustees CC17a (Excel) 01/31/2024 2 ## **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:**_ 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*
No*
**_Please disclose_**|ü|* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||ü||| ||**_:_**||| |**_(i) the nature of_**|**_the chang_**|**_e in accounting policy;_**|n/a| |**_(ii) the reasons_**
**_provides more r_**
**_and_**|**_why appl_**
**_eliable an_**|**_ying the new accounting policy_**
**_d more relevant information;_**|n/a| |**_(iii) the amount_**
**_the current peri_**
**_aggregate amou_**
**_before those pr_**|**_of the adj_**
**_od, each_**
**_nt of the_**
**_esented, 3_**|**_ustment for each line affected in_**
**_prior period presented and the_**
**_adjustment relating to periods_**
**_.44 FRS 102 SORP._**|n/a| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). |Yes*
No*|ü|* -Tick as appropriate| |---|---|---| ||ü|| ## _**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.**_ ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). |No material prior|year error|have been identified in the reporting period (3.47 FRS 102 SORP).| |---|---|---| |Yes*
No*|ü|* -Tick as appropriate| ||ü|| ## _**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) 01/31/2024 3 ## **Section C Notes to the accounts** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._ **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provide a description of the nature of each change n/a in accounting policy** _**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_ **Start of End of period period £ £ Fund balances as previously stated** _**Adjustments: - -**_ **Fund balance as restated** _**- - Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_ **End of period£ Net expenditure as previously stated** _**Adjustments:**_ **Previous period net expenditure as restated** _**-**_ CC17a (Excel) 01/31/2024 4 **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** |**Note 2 Accounting policies**
**2.2 INCOME**|||| |---|---|---|---| |_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a_
_different or additional policy has been adopted then this is detailed in the box below._|Yes
No
N/a||| |**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
**Offsetting**
**Grants and donations**
**Legacies**
**Government grants**
The charity has received government grants in the reporting period
**Donated goods**
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
· the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
l
h
h
f
l
d
di i
(
6
S
02 SO
)
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Tax reclaims on donations**
**and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Contractual income and**
**performance related**
**grants**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
b
fi
i
d
i
d f
h
i i
f
d
d
i|||| ||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
No
N/a||| |||ü|| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ||ü||| ||Yes
No
N/a||| ü benefits are recognised as income earned from the provision of goods and services as income from charitable activities. |**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
**Provisions for liabilities**
**2.4 ASSETS**
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
**Intangible fixed assets**
They are valued at cost.
**Heritage assets**
They are valued at cost.
**Investments**
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other
income in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS 102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.|Yes
No
N/a|Yes
No
N/a|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
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||| |**Debtors**
**Current asset investments**
They are valued at fair value except where they qualify as basic financial instruments.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---| |||ü||| ||Yes
No
N/a|||| |||ü||| ||Yes
No
N/a|||| |||ü||| **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** ## **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Other:**
**TOTAL INCOM**
**Other informati**
**Donations**
**and legacies:**
**Charitable**
**activities:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Analysis**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||Donations andgifts|3,461|-|-|3,461|4,446| ||Gift Aid||-|-|-|1,409| ||Legacies||-|-|-|7,241| ||General grants provided by government/other
charities||-|-|-|| ||Membership subscriptions and sponsorships
which are in substance donations|1,256|-|-|1,256|1,529| ||Other||-|-|-|| ||**Total**|**4,717**|**-**|**-**|**4,717**|**14,625**| |||||||| ||Christmas Appeal||-|-|-|-| ||Other Fundraising|10,007|-|-|10,007|48,137| ||||-|-|-|| ||Other||-|-|-|| ||**Total**|**10,007**|**-**|**-**|**10,007**|**48,137**| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|**-**|**-**|**-**|**-**|**-**| |||||||| ||Interest income|864|-|-|864|14| ||Dividend income|10,006|-|-|10,006|8,963| ||Rental and leasingincome|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|**10,870**|**-**|**-**|**10,870**|**8,977**| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||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||||-|-| ||Royalties from the exploitation of intellectual
property rights||||-|-| ||Other||||-|2| ||**Total**|-|-|-|-|2| ||**E**
**on:**|||||| |||**25,595**|**-**|**-**|**25,595**|**71,741**| |||||||| |**All income in the prior year was unrestricted except for: (please**
**provide description and amounts)**||n/a
||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||n/a||||| |||||||| |**Within the income items above the following items are material:**
**(please disclose the nature, amount and any prior year**
**amounts)**||n/a
||||| CC17a (Excel) 01/31/2024 10 ## **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of expenditure** |**Analysis**
One Off Grants
Quarterly Grants
Xmas Grants
Legacy Grant
Forex
Bank charges
Provisions for Uncollected Gift Aid
Corrections
**Total**
**Other**
Other Small Value Expenditure
**Total other expenditure**
**TOTAL EXPENDITURE**
**Expenditure on**
**charitable**
**activities**
**Total expenditure on charitable**
**activities**
**Separate material**
**item of expense**|**Analysis**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| |||||||| ||One Off Grants|55,859|-|-|55,859|67,602| ||Quarterly Grants|800|-|-|800|800| ||Xmas Grants|3,100|-|-|3,100|6,325| ||Legacy Grant||-|-|-|| ||**Total expenditure on charitable**
**activities**|**59,759**|**-**|**-**|**59,759**|**74,727**| |||||||| ||Forex|-|-|-|-|-| ||Bank charges|-|-|-|-|-| ||Provisions for Uncollected Gift Aid|-|-|-|-|-| ||Corrections|-|-|-|-|-| ||**Total**|**-**|**-**|**-**|**-**|**-**| |||||||| ||Other Small Value Expenditure|1,329|-|-|1,329|290| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total other expenditure**|**1,329**|**-**|**-**|**1,329**|**290**| |||||||| |||**61,087.54**|**-**|**-**|**61,088**|**75,017**| ## **Other information:** CC17a (Excel) 01/31/2024 11 **Section C Notes to the accounts (cont)** ## **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**
**Total staff costs**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| |||| ||-|-| ||-|-| **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 (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such 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** |**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**|| ||| ||| ||| **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** ||**This year**
**Number**|**Last year**
**Number**| |---|---|---| |**Fundraising**|-|-| |**Charitable Activities**|-|-| |**Governance**|-|-| |**Other**|-|-| |**Total**|-|-| CC17a (Excel) 01/31/2024 12 ## **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) 01/31/2024 13 ## **Section C Notes to the accounts (cont)** ## **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
-
**Cash & cash**
**equivalents**
**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**|**Other**|**Total**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |||||||| |||n/a||||| _**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_ ## **5.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held 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**|**Cost less impairment**|| ||**£**|**£**|| ||-|-|| ||-|-|| ||-|-|| ||||| CC17a (Excel) 01/31/2024 14 ## **5.3 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.** |**Cash or cash equivalents**
**Listed investments**
**Total**
**Analysis of current asset**
**investments**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| ||-|-| ||789,358|803,380| ||789,358|803,380| ## **5.4 Concessionary loans** |**Amounts payable within 1 year**
**Amounts payable after more than 1 year**
**5.5 Additional information**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_).**
**Terms and conditions eg interest rate, security**
**provided**
**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.**
**For all investments measured at fair value, the**
**basis for determining the value, including any**
**assumptions applied when using a valuation**
**technique.**
**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.**|**_Description_**|**This year £**|**Last year £**| |---|---|---|---| |||-|-| ||||| ||||| ||||| ||**_Total_**|-|-| ||Zero interest rate||| ||-||| ||||| ||||| ||No hedging is being made to manage the financial risk on those loans.

||| ||The fair value of all investment is taken out of the quarterly/ twice annual
valuation statetements that we receive from M&G and Schroeders||| ||n/a
||| CC17a (Excel) 01/31/2024 15 ## **Section C Notes to the accounts (cont)** **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**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||11,103|9,847| ||11,103|9,847| CC17a (Excel) 01/31/2024 16 ## **Section C Notes to the accounts (cont)** ## **Note 7 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ ## **7.1 Analysis of creditors** |**Other creditors**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||191,425|130,526|-|-| ||191,425|130,526|-|-| 60,899 Total Creditor 22/23 60,898 Less than 1 year 21/22 75,016 More than 1 year 20/21 55,510 More than 1 year 191,425 CC17a (Excel) 01/31/2024 17 CC17a (Excell 18 0113112024 |**Section C Notes to the accounts**|**(cont)**|**(cont)**| |---|---|---| |**Note 8 Cash at bank and in hand**
**Cash at bank and on hand**
**Total**|**This year**
**Last year**
**£**
**£**
202,918 178,768
202,918 178,768|| ||**This year**
**£**|**Last year**
**£**| ||202,918|178,768| ||202,918|178,768| CC17a (Excel) 01/31/2024 19 ## **Section C Notes to the accounts (cont)** ## **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 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.** n/a **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.** **£ 14022** is the total net unrealised loss from investment in 22/23 financial year. CC17a (Excel) 01/31/2024 20 ## **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** **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, provide**_ **n/a** _**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 accruing under a defined contribution pension scheme.**_ ## **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)** _**1**_ **Please provide the number of trustees reimbursed for expenses None or who had expenses paid by the charity** ## **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**_ |**Name of the trustee or**
**related party**|
**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**||**Balance at**
**period end**|**Provision for bad**
**debts at period end**|**Provision for bad**
**debts at period end**|**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---|---|---| ||||**£**||**£**|**£**||**£**| |British Council|Trustees are
appointed by
Britsh Council|Payments are made by
British Council on behalf of
the Trusts- The amounts are
included within Creditors|-||191,425|-|-|-| |British Council|Trustees are
appointed by
Britsh Council|Monies (repayment of loans)
are received by British
Council on behalf of the
Trusts- The amounts are
included within Debtors|-||4,291|-|-|-| CC17a (Excel) 01/31/2024 21 _**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 CC17a (Excel) 01/31/2024 22 ## **Section C Notes to the accounts (cont)** ## **Note 28 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.**_ ## **28.1 Trustee remuneration and benefits** **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)** _**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ |**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---|---|---|---| |||**Thisyear**||||**Lastyear**| |||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**TOTAL**| |||**£**|**£**||**£**|**£**| |||||||| |||||||| |||||||| |||||||| _**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 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)** |**Type of expenses reimbursed**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| |**Travel**||| |**Subsistence**||| |**Accommodation**||| |**Other (please specify):**||| |||| |**TOTAL**||| |**Type of expenses reimbursed**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| |**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 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)** |**Name of the trustee or**
**related party**|
**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**|
**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |||||||| CC17a (Excel) 01/31/2024 23 _**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) 01/31/2024 24 **Section C Notes to the accounts (cont)** ## **Note 29 Additional Disclosures** **The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.** CC17a (Excel) 01/31/2024 25 **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’| |---|---|---|---| ||||| ||31/03/2023|**Charity no**
**(if any)**|161805| ||||| ||||| I report to the trustees on my examination of the account of the above charity (“the Trust”) for the year ended 31/03/2023. **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. During my examination of the Balance Sheet for the year ended 31/03/2023, I have noted that the total liabilities have increased in the past three years. Total liability as at 31/03/2023 is £191,425. There has been no settlement made, of debt with the British Council for the grants paid out on behalf of the Benevolent Fund for 2020-21, 2021-22 and 2022-23. The decision was made to delay repayments to ensure that the reserves of the charity would have a chance to replenish. As per the CC32, Independent examination of charity accounts: directions and guidance for examiners, It is the responsibility of the Trustees to ensure that the Charity is able to meet any liabilities as they fall due. The Trustees have provided assurance that two years of grants, will be reimbursed to the British Council by end of March 2024. I have no other 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:** **Date:** 30.01.2024 1 ## **Name:** Nancy Wangeci **Relevant professional** CPA **qualification(s) or body (if any):** **Address:** The British Council, 1 Redman Place Stratford, London E20 1JQ United Kingdom ## **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