# **ANNUAL REPORT FOR FINANCIAL YEAR ENDING 31ST DECEMBER 2021** ## **Governance and Administration** Beeston Consolidated Charity CIO (Charity Registration No.1164090), is a Charitable Incorporated Organisation whose principal address is PO Box 10425, Nottingham NG9 9GN, and which is regulated by a Constitution dated 10[th] October 2015. The Charity exists to help those in financial hardship who reside in the Urban District of Beeston as constituted on 16[th] June 1911. The trustees comprise: Bryan Spencer (Chair & Acting Treasurer) Maggie Fetter (Vice Chair) Steve Race (Secretary) The Reverend Wayne Plimmer Kaye Ford Councillor Janet Patrick Councillor Helen Skinner Councillors Janet Patrick and Helen Skinner are Nominated Trustees appointed by Broxtowe Borough Council. Dr Carol Carberry resigned in April 2021, and the trustees offer their thanks for her service to the Charity. Owing to the continued impact of Covid-19 restrictions, in-person meetings only resumed in May, and three ordinary meetings took place in 2021. In addition, the Business Planning Working Group met on three occasions to consider the administration and management of the Charity. ## **Assets and Liabilities** The assets of the Charity comprise COIF investments managed by CCLA Investment Management Ltd. These investments are spread across three funds: Ethical Investment Fund (82%), Property 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 grant-making commitments to other organisations, which are protected by Funding Agreements. 1 ## **Reserves Policy** The Charity’s reserves policy is to provide adequate financial stability to ensure the continuity of its financial commitments to beneficiaries by retaining not less than three months income for the eventuality of a significant downturn in income beyond its control. Trustees will review the amount of reserves on a quarterly basis to ensure their adequacy. ## **Activities during 2021** Throughout the year, the Charity has actively sought to make grants to organisations operating in Beeston which have similar objects to its own, helping those in need, hardship or distress. In exercising their duties, the Charity trustees have had due regard to the guidance issued by the Charity Commission on public benefit. 2021 proved to be very challenging for the Charity, with an unprecedented number of applications for assistance, particularly from (or on behalf of) individuals and families. In recognition of this demand, and the potential for an even greater volume of applications in future, the Charity has strengthened its Scheme of Delegation to enable applications to be processed more efficiently. The trustees also began a review of the Charity’s Investment Strategy to establish whether a greater income could be achieved. This is continuing into 2022. The Charity's regular grant-funding to organisations amounted to some of 70.5% of income. Other one-off grants, plus financial assistance to individuals and families, took the overall distribution to 106% of income. Governance and administration costs were just 2% of income. In addition, the Charity maintained a healthy reserves fund. The total income for the Charity for year-ending 31[st] December 2021 was £156,749. The Charity’s total expenditure for the year was £169,113. The overspend of £12,364 was compensated by the underspend of £13,608 brought forward from 2020. In addition, the trustees closed a redundant Deposit Fund, providing an additional £4,744 for distribution. Signed: B W Spencer, Chair Dated: 24th March 2022 2 BEESTON CONSOLLDAIED CEL4RITY RECEIPTS AND PAYIKIENIS ACCOUNT FOR THE YEAR EEIDED 31 DECEIWBER 2021 Year Ead?d 31 December 3)21 Year Fthded 31 December 2￿0 RECEIPTS COIF Dividends Interest I￿,746 153989 78 156,749 154 PAYMENTS DisthThulion 0th8r organisations IndivIdual￿f8￿r￿IteS 126.mo 40.041 119.876 18.988 1601141 138104 E￿5-Fen￿or Account6rJwfees R&gistration with Information Conllnis$ion$r 1.434 360 35 276 35 1829 Administsztion E Insurance I.T. and Stationery P.0. Box Fee Mobde Phone Misctllatseous 305 284 30 180 163 278 300 1243 1285 Total Paymexts (169.113) <140A59) EXCESS PAYMENTS OVER RECEIPTS (12 864) 1306 BALANCES At31 December 3nl At31 December 3)20 Lloyds Bank Current account CCL4 DepositFund Resetves Fund 35,418 43,038 4,744 25,0 25,000 60818 72,782 Investments in COIF Funds 5¥039 4940¥ (Asvalued by CCIA InvestmentFundManagers attheyear enddate) LIABILITIES Committed ptLyments to Yatious bodiesby31 March ￿22/2021 28¥dl The ch￿￿ty does not h•ld any Re$tricted BEESTON CONSOLIDATED C￿￿RITy Independent Examiner's Report to the Trustees of the Beeston Consolidated Charity I report on the accounts of the Charity fw the year ended31 December 2021. Respec11￿ respoMsthilitiÈs of knstees and examiner The Ch￿iL￿5 ttustees are respongible for the preparats.on of the tLccourrts. The ch￿Ill$ twgtees con$iderthatan auth"t is not xequired for this year und8x section 1440 of th? Ch8tities Act 2011 (the 2011 Act) attd that an independert examitiation is needed. It is my responsibility to.. attune the accountsuLdetsection145 of the 2011 Ac( To follow theprocedures laid downin the generalDirections &YenbytheCharity Commission undersection 145(5)(b) of the 2011 Act.. and To stats whether path"cular matters have ccrttte to my &tention. Basis•f tkn bdtpendent Ei¥miRers' My ezamination was carried out in accordance the general Directions given by the Chatity Commission. examination ￿cludeS a review of the accountJrJgrecords kept by thecharity and & comparison of the accounts presented Itll those records. It a160 includfjs consideratson of any unusual items or disclosures in tljfj &ccouat4 and segking eXpl￿ationS from you as twstees conceming any such matters. The procedures undertaken do not provide all the eYLdence thatwould be requjred in an auth( and consequenlly no opirllon is &Yen as to whetherthe accounts preserL & 't¢ve andE￿ Vie￿ andthe reportis iim&9d to thosg matters set out in the statemgntbglow. In connection with my examinatio￿ nomatter has come to my attention." (i) which &ves me i8aGon&ble caus?tobe]i8vfr thatin anymateriai resp6Ctth8 I8quir6ments'. to keep ptoper dccoixrtJngiec￿d$Iti tccordatsceBIth sectson130 of the S)11 Act" and to prepare accounts which accord with the accounting records attd comply with the accountitig requirements of the2011 Act have notbeenmet. or to wtrAcL in my opiric¢¥ attents.on shouidbe dt&wn iti order to ets&ble a pxoper uttderstandts)g of the accounts to be reached. Axat￿ P CThssley FCA Balduryn Cox Limited Cha2trred Accowitants 15 Fos*tr Avenue Beeston Notti￿ghaM r4G9 IAE