## **ANNUAL** R **EPO** R **T FO** R **FINANCIAL YEA** R **EN** D **ING 31ST** D **ECE** M **BE** R **2020** ## **Gove** r **nance an** d **A** d **minist** r **ation** Beeston Consolidated Charity CIO (Charity Registration No 1164090),. is a Charitable Incorporated Organisation whose rp incipal ddra ess is P O Box 10425, Nottingham NG9 9GN, and which is regulated by a Constitution dated 10[th] October 2015. The Charity exists to help those in fnancial hardship who reside in the U rban District of Beeston as constituted on 16[th] June 1911. The t rustees comprise: Bryan Spencer (Chair & Acting T reasurer) Maggie Fetter (Vice Chair) Dr Carol Carberry Steve Race (Secretary) The Reverend Wayne Plimmer Kaye Ford Councillor Janet Patrick Councillor Helen Skinner Councillors Janet Patrick and Helen Skinner ra e Nominated rT ustees appointed by Broxtowe Borough Council. Owing to the impact of Covid-19, the rt ustees were only able to hold one rdo inary meeting in 2020, and relied heavily upon the existing Scheme of Delegation to facilitate decision-making. When necessary, rt ustees were rb iefed upon important issues and votes were cast by email. In dda ition, the Business Planning Working Group met on two occasions at the start of the year to consider the da ministration and management of the Charity. ## **Assets an** d **Liabilities** The assets of the Charity comprise COIF investments managed by CCLA Investment Management Ltd. These investments ra e spread across three funds: Ethical Investment Fund (82%), rP operty Fund (11%) and Global Equities Fund (7%). An interest-earning COIF Deposit Fund holds the Charity's reserves fund. The Charity's liabilities relate solely to its rg ant-making commitments to other organisations, which a re p rotected by Funding Agreements. 1 ## R **ese** r **ves Policy** The Charity’s reserves policy is to p rovide a dequate fnancial stability to ensure the continuity of its fnancial commitments to benefciaries by retaining not less than three months income for the eventuality of a signifcant downturn in income beyond its control. rT ustees will review the amount of reserves on a quarterly basis to ensure their da equacy. ## **Activities** d **u** r **ing 2020** Throughout the year, the Charity has actively sought to make grants to organisations operating in Beeston which have similar objects to its own, p roviding assistance to those in need, hardship r do istress. In exercising their duties, the Charity rt ustees have had due regard to the guidance issued by the Charity Commission on public beneft. 2020 began as another very busy period for the Charity, with a large number of applications particularly rf om (or on behalf of) individuals and families. However, once the Covid-19 lockdown was enforced in March, the number of applications reduced considerably due to the unprecedented amount of support available rf om central and local government sources. The Charity used this time to ensure that robust Business Continuity Plans and contingency a rrangements were put in place. As the year rp ogressed, the Charity saw ra ise in the number of applications back to rp e-Covid levels, as the longer-term fnancial impact of the pandemic began to take efect. The Charity's regular rg ant-funding to ro ganisations amounted to some of 74% of income. Other one-of rg ants, plus fnancial assistance to individuals and families, took the overall distribution to 90% of income. Governance and da ministration costs were just 1% of income. In dda ition, the Charity maintained a healthy reserves fund. The total income for the Charity for year-ending 31[st] December 2020 was £154,067. The Charity’s total expenditure for the year was £140,459. The £13,608 excess of income over expenditure will be carried forward for distribution in 2021. Signed: B W Spencer, Chair March 2021 Dated: 12th 2 BEESTON CONSOLIDATED CHARITY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Year Ended 31 De¢etnber 2020 Year Ended 3 1 December 2019 RECEIPTS COIF Dividends Interest 153,989 78 151,778 200 154,067 151,978 PAYMENTS Distribution Other organisatsons Individualslfainilies 119.876 18,988 124,542 29,602 138,864 IS4,144 al Fees Ellis-Fetmoi ACCOUnt￿cY fee5 Registration with InfO￿ation Comtnissioner 276 35 276 35 311 4,035 Administration Ex enses Insurance l.T. and Stationery P.0. Box Fee Mobilp Phone Miscellaneous 444 263 278 444 299 270 20 50 300 1.285 1,083 Total Paylntnts (140,4S9) (159.262) EXCESS RECEIPTS OVER PAYMEIYTS 13,608 (7384) BALANCES At 31 December 2020 At 31 December 2019 Lloyds Bank Current account CCLA Deposit Fund Reserves Fund 43,038 4.744 25,000 29,443 4,732 25,000 72,782 59.175 ASSETS Investments in COIF Fun(ts 4,840,S04 4,579,588 {As valued by CCLA Investment Fund Managers at the year end date) LIABILITIES Committed payments tg various bodies by 31 March 202112020 28,560 27,000 The Charity does not hold any Restricted Funds. BEESTON CONSOLIDATED CHARITY Independent Examiner's Report to the Trustees of thc Beeston Consolidated Charity I report on the account5 of the Charity for the year ended 31 D¢cember 2020. Respective responsibilities of trustees and exarniner The charity's trustees are responsible for the preparation of the accounts. The charity's trustee5 consider that an audit is not required for this year under section 144{21 of the Charities Act 201 I Iihe 2011 Act) and that an independent examination is needed. It is tny responsibility to.. Examine the accounts under section 145 of the 201 l A¢t. To follow the procedur¢s laid doivn iii the general Directions given by the Chaiily Coinn)ission under Section 14515llbl of the 201 l A¢t' and To state whether particular matters have cotne to my atteniion. Basi5 ofthe Independent Examiners, Reporl My examination was carried oiil iii accordance with Ilie geiieial Dii'ectioiis given bv Éhe Charity Commission. exainiiiatioR iiicludes a review of the accollntin8 i-eco1.ds kept by the Charity and a comparison of the accounts pre5£nt£d with those records. It also includes consideration of any unusual ￿ttill8 OT disclosures in Ihe accounts, and seeking explanations froin you as lyustees conceniing aiiy such matters The procedures undertalcen do not proyide all the evidence thai would be required in an audit, and consequently no opinion is given a5 to whether the accounts present a 'true and fai[ vjew, and ihe report is lijnited to tliose &iiatteis set out in th¢ stateineiit beltsw. Independent Examiners, St2tement In connection with my examination, no matter has come io Iny attention.. to keep proper accounting records iii a¢coi"dance with scction 130 of the 2011 Act., and tv preyaie aCiubfiiJ N¥1 ,-d i",'t4 Ill￿ ￿¢￿c￿r.:1ng reco-.ds comply '.I'i[k the accoynting requirements of the2011 A¢t have not been met,. or (21 to which, in my opinion, attentloll should be drawn in order to enable a proper undersianding of the accounts to he reaehed. Andrew P Crossley FCA Baldwin Cox Limited Chartered Accountants 15 Foster Avenue Beesto Nottingham NG9 IAE ql,f