2022-10-08-accounts - The Beehive Fund

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 09 October 2021 To 08 October 2022

Section A Reference and administration details

Charity name The Beehive Fund

Other names charity is known by Registered charity number (if any) 1185750

Charity's principal address Trustee Department 1[st] Floor, Tower Wharf Cheese Lane, Bristol Postcode BS2 0JJ

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	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Dominic Francis Proctor
	Lindsay Jane Proctor
	Ludlow Trust CompanyLimited

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Investment Managers	Coutts & Co	440 The Strand, London, WC2R 0QS
Bankers	Coutts & Co	440 The Strand, London, WC2R 0QS
Solicitors	TLT LLP	One Redcliff Street, Bristol BS1 6TP
Independent Examiner	Geoffrey Frost	Blue Spire Limited, Cawley Priory, South Pallant, Chichester, West Sussex, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Trust deed dated 24 October 2017

(eg. trust deed, constitution)

Trust How the charity is constituted

(eg. trust, association, company)

Trustees may be appointed by the settlors jointly during their lifetime or Trustee selection methods following death or incapacity one of them and subject to this appointment (eg. appointed by, elected by) the power to appoint is exercisable by the trustees.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The trustees shall hold the capital and income of the Trust Fund upon trust to apply the income, and all or such part or parts of the capital, at such time or times and in such manner to, or for the benefit of such Charities or such exclusively charitable purposes according to the laws of England and Wales in any part of the world as the trustees may in their discretion think fit.

TAR

March 2012

In furtherance of the charity’s objects for the public benefit the trustees shall provide grants. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

TAR

March 2012

Section D Achievements and performance

Summary of the main During the year under review the charity made five grant payments to achievements of the charity institutions totalling £30,000 as shown in the notes to the accounts. during the year

TAR

March 2012

Section E Financial review

Brief statement of the

charity’s policy on reserves

At the end of the reporting period the charity had free reserves amounting to £10,757 (2021: £6,994).

In addition to the free reserves the charity has cash balances of £37,840 (2021: £43,260) and investment assets of £516,190 within the expendable endowment fund which can be released to support the activities of the charity.

The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives, as well as covering future needs, opportunities, contingencies and risks.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s)[Alexander Mulroe ] On behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) Date 25 July 2023

TAR

March 2012

	Charity Name The Beehive Fund	Charity Name The Beehive Fund	Charity Name The Beehive Fund	No (if any) 1185750	CC16a
	For the period from	Period start date 09 October 2021	To	Period end date 08 October 2022

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ - - 8,763 92 - - - - 8,855 - - - 8,855 30,000 - - 5,809 - - - - - 35,809 - - - 35,809 (26,954) 30,717 6,994 10,757	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - 460,314 - 460,314 460,314 - 2,885 - - - - - - - 2,885 432,132 - 432,132 435,017 25,297 (30,717) 43,260 37,840	Total funds to the nearest £ - - 8,763 92 - - - - 8,855 460,314 - 460,314 469,169 30,000 2,885 - 5,809 - - - - - 38,694 432,132 - 432,132 470,826 (1,657)	Last year to the nearest £
Addition to trust	-				-
Gift aid received	-				-
Income from investments	8,763				9,348
Income from bank interest	92				6
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	8,855				9,354

A2 Asset and investment sales, (see table).
Sale of investments	-				403,546
	-				-
*Sub total*	-				403,546
*Total receipts* A3 Payments
					412,900

Grants awarded	30,000				5,250
Investment management fees	-				7,365
Set upfee	-				-
Administrative services	5,809				1,467
Independent examination	-				780
	-				-
	-				-
	-				-
	-				-
**Sub total **	35,809				14,862

A4 Asset and investment purchases, (see table)
Investmentpurchases	-				398,356
	-				-
**Sub total **	-				398,356
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					413,218

	(26,954)	-	25,297	(1,657)	(318)
	30,717	-	(30,717)	-	-
	6,994	-	43,260	50,254	50,572
	10,757	-	37,840	48,597	50,254

CCXX R6 accounts (SS)

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds	Signature Investment management fees Independent examination Administrative Services Details Details Details Investment portfolio Details (agree balances with receipts and payments account(s)) Details Capital account Reserve account Income account *Total cash funds*	Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - 10,757 - 10,757 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Endowment 729 Unrestricted 780 Unrestricted 2,651 - - Print Name Alexander Mulroe On behaf of Ludlow Trust Company Limited	Endowment funds to nearest £
			37,840

			-
			37,840
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			Current value (optional)
			516,190
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
		Alexander Mulroe On behaf of Ludlow Trust Company Limited	25 July 2023

CCXX R7 accounts (SS)

Section C Notes to the Accounts

Section C Notes to the	Accounts	Accounts
C2 Grants to institutions C3 Related party transactions C1 Nature and purpose of funds(may be stated on analysis of funds worksheets)	Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charityand which have not been designated for otherpurposes. Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity's objectives.
	Recipient British Red Cross CPotential The Children's Trust Papyrus Prevention of Young Suicide Tommy's	£ 10,000 5,000 5,000 5,000 5,000
		30,000

	During the period under review Ludlow Trust Compamy Limited, a trustee of the charity, were paid fees for the provision of administrative services amounting to £5,809 as authorised under clause 6 of the trust deed. No trustee received any remuneration nor reimbiursed any expenses in the year under review.

CCXX R8 accounts (SS)

Independent Examiner's Report to the Trustees of The Beehive Fund

I report to the charity trustees on my examination of the accounts of the charity for the year ended 08 October 2022 as set out on pages 6 to 8.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.

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.

25 July 2023 Geoffrey Frost BSc(Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY