Trustees, Report and Flnanclal Statement5 for theyear Ended 31st December 2024 for Beauchamp Communlty at Newland Reglstered charlty number: 1190606
Beahamp Communlty at Newland Contents . Pages Trustees Report Independent Examiner's Repcrt Statement of Flnand81 Actlwtles BalarKe Sheet statement of cash flows Notes to the Accourrts 10 to 19 Detailed Statement of Flnanclal Actlvitles 20 and 21
8eauchamp Communlty at Newland Trustees Annual Report for the year ehded 31st December 2024 The trustees present thelr report with the financlal statements of the charlty for the year ended 31st Oecember 2024. The flnanclal statements comply wlth the Charltie5 Act 2011, the Memorandum and Artlcle5 of Assoclatlon, and Accounting and Reporting by Charitie5,' Ststement of Recommended Practlce appllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191. The charlty15 Set up a5 a charStable Incorpcyated organisation and was reglstered wlth the Uiarlty Commlssloners under re8i5tratlon number 1190606 In July 2020, to reate the prevlous unlncorporated assoclatlon of the same name Ino. 1015794) which was establlshed in the Scheme dated 14 December 1979 as amended by the Scheme dated 27 October 1992. The activity of pre-existing charlty known as Beauchamp Community at Newlantl Icharlty number 10157941 was transferred to the CIO In Aprfl 2024 and the Charlty Commls51on closed the tharity number 1015794, As such, the comparatlves for 2023 are that pfjrted in the old charity, REFERENCE AND ADMINISTRATWE DETAILS Prlnciple Address Newland Malvern Worcestershlre WR13 SAX Charlty Number 1190606 Company Number CE022682 Trustees Mr P Hughes Mrs V Ru55ell Slr N Lechmere 8t Mrs L M Chenevlx-Trenth MrN Ward Mr N Horner Mrs Lwebb Mr B Bamford Independent Examlner Ellzabeth Needham ACA cfA IVATI Instltute of Chartered Accountants, England and Wales Kendall Wadley LLP Grants Lodge 71 Graham Road Malvern, WR14 2JS Reslgned Aprll 2024 Appolnted Chalr Aprll 2024 Reslgned Aprfl 2024 Appointed Aprll 2024 Bankers Lloyds Bank plc Belle Vue Terrace Malvern, WR14 4QG Accountants KellyATC Ltd 20 8lackmore Road Malvern WR14 IQT Sollcltors Russell & Co Holland House Church Street Malvern, WR14 ZAH Investment Advlsers aullter Chevlot Investment Management Senator House 85 Queen Vittorla Street London, EC4V 4AB
Beauchamp Communlty at Newland Trustee5 Annual Report forthe year ended 3tst Oerember 2024 OBJECTIVES AND Acfr4iTIES The Scheme states that the Almshouse dwelllngs speclfled In the Schedijle and the property cKcupled therewlth shall be appropriated and used for the resSdence Almspeople Ihereafter referred to a5 re51dents) In conformlty wlth the provisions of the Scheme. The original auadrangle of Almshouses was opened In 1864 following a bequest of la1 and £60,1)JO by the 3rd Earl Beauchamp and his late wife, Charlotte. Countess Beauchamp. The Scheme also states that the residents shall be potsr members of the Church of Er6land or Churches In communlon thèrewlth. prded that so far as practlcable not less than an elghth nor more than a quarter of the residents shall be retlred clergymen. Vacancies are athertised and prospectibE residents are Interviewed by the Chaplaln and the Warden. Forty.flve12023 . 451 of the unit5 housed fifty-tsne resldents12023- 541 durlng the year, includlng a Warden arKt a Chaplaln Ilving onslte. ACHIEVEMENT AND PERFORMANCE tharitsble Actlvltles Charftable actlvlties of charity number 1015794 transferred to 1190606 on 1st Aprll 2024. For the year there were overall net outgoing resources before galns on Investments of Unrestrleted Funds of £11,010, and Endowment Funds of £1,774 due to the trustees continuing wlth thelr pollcy of enhoncement of the slte and modernlsatlon and refurbSshment of the flats as they bec(xne vacant. The total sum expended on the almsh¢uses refurblshment In 2024 was £129.72112023 £138,036). Following the rewew of the Conditlonal Report wot contlnues on the most Important pioblems identified, money hang been put aside for these purposes. Thi5 15 In addltSon to the many day to day problem5 which arlse, and whleh need deallng wlth urgently for the convenlence and comfort of the resldents. The trustees are veiy lucty to be able to call on the servlces of a number of skllled tradesmen to facllltate these works but there Is doubt that more could lje done, but when considerlng this, one has to take Into account not only the avallablllty of fundlng and work force but also dlsturbance to the residents and balan¢5ng income wlth expenditure, Publlc Beneflt The Trustees have regard to the Charity Commlsslon's guldance on Publle Beneflt at their meetings and In plannlng thelr activltles. They maintain the bulldSngs and gr(ndS of the Beauchamp Community to the beneflt of the resldents and the members of the public who vislt the Chapel and the grounds for whatever reason. SeNlees In the Church and Chapel are held regularly and are open to all resldents. The Trustees host a number of soclal events and as part of thelr commltment to fundralslng. the resldents host a number of chalitable events and Conduct tours for groups interested In the history of the Community and the Church, Mary of the functlons Include 5enlor Citizens from the adlolnlng Pyndar Court. The Church, Llbrary and Boardroom are also used regularly for Parish Counc51 meetlngs, Lo1 & Narlonal elertlons and by small groups, cholrs and societies. A small charge is made for the Use of the premises. The Trustee5 a150 have responslbility fcw the Cosby White Llbrary of eccleslastlcal bocs whlch a housed wlthln the BeaLKhamp Communlty. The Trustees appolnted a new Chaplain durlng the year to tske responsibility for the spirftual and pastoral care of the residents and non-resident congregatlon.
8eauchamp Communlty at Newland Trustees Annual Report for the year ended 31st December 2024 POLiaES The Warden and Chalr contlnue to WO tlosely on the rlsk assessment and policles to ensure they are relevant and effertlve. The tiustees contlnue to revlew and update thelr policle5, proCedUS and *dmlnSstration prrjcesses. A new Rlsk Assessment has been put In place to be approved by the Trustees at the Sprlng Board meetlng in April 2025. FINANCIAL REVIEW Investment poll¢y and oblectives The trustees have the power to invest In such stocl Sha$, Investments and property In the Unlted Klngdom as they see fit. The trustees engage Qullter Cheviot Ltd as Investment manager5. The pollcy Is to adopt a medlum rlsk strategy based on reasonable return of Income and wtentlal capltal growth. Resee5 poIIcy The trustees conslder the Funds provlde financlal stablllty and enable the trustees to contSnue the programme of modemlslng and malntalnlng the Charity's property. The Unrestrlcted Funds at the ealance Sheet date show the General Funds of £57,87612023 £70,582) and the Property Reserve Funds of £1,589.85312023 £1,512,041) whlch are consldered adequate to fulfll thelr contlnuing obllgatlons for the ensulng year. FUTURE PLANS The Trustees have authorlsed the replacement of the heatlng system and boller5, the large cost of which has made It nete5sary to draw capital from the Spedal Repalrs Fund. Quilter5 have taken all of the fund5 from the cc Fund to release the necessary funds to pay for the new heatln8 and bollers, The remalnlng funds have been Invested in a CAIF Fund. A reeW of the ContrSbutions Is currently underway and of the Warden's tltle. whlch has been prohibltlve when dealing wlth partnetshlp agencles and a mlsunderstandlng of what seTvlce the Charfty prdeS to Its residents. A revlew of staffln8 levels and respons11lItIeS wlll be conducted In 2026. A qulnquennlal report 5s due to take place In 2025. STRucfuRE, GOVERNAN AND MANAGEMENT RecrUItsent and appolntment of new tyustees The retrultment and appolntment of new Trustees Is undertaken by the current Trustees and fomially approved at a meetlng of the Trustees.
Beauchamp Communlty at Newland Twstees Annual Report for the year ended 31$t December 2024 STRucfuRE, GOVERNANCE ANO MANAGEMENT- etyrt Constltutlon The charltyls Set up as a charltable Incorporated organisatlon and is reglstered wlth the CharSty Commissloners under rÉgistratlon number I19(06. The ao was re8lstered wlth the Charlty Commlsslon on 28 July 2020 replaclng the prevlous unlncorporated assoclatlon of the same name Ino. 10157941 whlch was reglstered In 1992. The CIO Is governed by Its constltutlon dated 16th July 2020 and It Is mana6ed by a Board of Tru5tee5 Statement of Trustee Responslbllltles The trustees are re5pons5ble for preparlng the Tru5tees' Annual Report and the Flnandal Statements in accordance with applScable law and United Kingdom Accountlng Standards Ivnlted Kingdom Generally Accepted Accountlng Practice). Charity SORP requires the trustees to prepare flnancial statements for each financial year wh5¢h Bive a true and fair eW of the state of affalrs of the charlty and of incorning resources and appllcation of resources, includlng the recoipts and payments of the charity for that year. In preparlng those flnantlal starements, the tntstee5 are required to.. select sultable aeeounting pollcles and apply them conslstently,. ob5eNe the methods and prlndples in the Charlt5es SORP,. makejudgements and estlmates that are reasonable and prudent.. state whether applicable accounting Standards have en followed, subject to any rnaterlal departuies disclosed and explalned in the flnanclal statements; prepare the flnanclal ststements on the golng concern basls unless It Is Inapproprlate to presume that the charity wlll contlnue In operatlon. The trustee5 are re5pon5ible for keeplng accountlng records that dlsclose wlth reasonable accuracy at any time the flnanclal posltlon of the thèrity. They are also responsible for safeguarding the assets of the charity and hence for tsklng reasonable step5 for the preventlon and detectlon of fraud and other Irregularitles.
Beauchamp Communlty at Newland Tntstees Annual Report for the year emded 31st December 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT- Cont Organlsational structur¢ The Trustees meet routlnely lte yearfy but are available should It be necessary for them to meet between thelr regular meetlngs. The AnNal Accounts are presented at the Sprlng Meetlng. The Warden is Duncan Fller. He Is asslsted by Patsy Hughes (Dewty Wardenl, Peter Twisleton (Assistant Wardenl and John & Angle finnlon (Asslstsnt Wardens). Reverend Angle Watts Is the Chaplaln to the Beauchamp Communlty. The Warden and Chaplaln work c105ely together and have weeWy Safeguarding and Pastoral meetings as DSO and DDSO SPeCtIVe[y. Duncan Fller continues to deal with the dav.tdaY f inanclal adminlstration along wlth the monthly preparation of the Incomelexpendlture spreadsheets. Kelly Phllpotts of KellyATC Ltd, acts as Accountants to the Trustees. As well as wlth Duncan Fller, KellyATC Ltd Ilalse wlth Quilter Chevlot, and Lucy Chenevlx-Treneh. KellyATC Ltd wlll attend normal Trustee5' meetings and prepare the year end ac¢ounts for Independent Examlnatlon. Quilter che0t Ltd act a5 Stockbrokers and regularly revlew the portfollo of Investments. All the investments are held on behalf of the Trustee5, in the name of the Nomlnee Company of Quilter Chevlot Ltd and all dlvldends and stock Interest are mandated to them and remltted to the Communltys banker5 monthly. Mr Wllliam Reld of Qullter CheMot normally present5 to the TTUStees' November meetlng. St. Leonard's (hurch, Newl3nd Is in the custcmly of the Charity as the Fffivate chapel of the Beauchamp Communlty and Is known as 'The Church, to di5tlngulsh It from the thapel in the Clolsters. The Chalr wishes to thank all of those Involved In making The 8eauchamp Communlty a wonderful a¢e In which to Ilve, work and worship- the warden, chaplaln. trustees. advlsors. clergyi resldents and contractors. roved by order of the LN)ard of trustees on .............................,... and slgned on its behalf by: Lucy Ch vlx-Trench- Chalr
Independent Examlnerfs R•port to th• Trustees of Beauchamp Communlty al Newland I report to the tharity trustee5 on my examlnatlon of the accounts of the charity for the year ended 31st December 20Z4 set out on pages 7 to 19 Responslbllltle5 ?nd basls of reptyt As the charlty's trustee5 you are respDnslble for the preparation of the accc*unts in accordance with the requlrements of the Charitles Act 20111"the Act"). I report In respert of my examlnatlon of the charltV5 accounts carried out under section 145 of the Act and In carrylng out my examination I have followed all the appllcable Dlrertlons glven by the Charity Commisslon under Sertion 1451Sllbl of the Act, Independent examlner's statement SSnce the charitvs grL)ss Income exceeded E250,000 your examlner must be a member of a bo(fy listed in Sertion 145 of the Act. I confimi that l am qualified to undertake the examlnatlon because l am a MeMr of ICAEW, whlch Is one of the Ilsted bodles. I have completed my examlnation, I conflrm that no material matters have come to my attentlon In connectlon wlth the examinatlon glving me cause to belleve that in any materlal respect.. l. accounting fftcords were not kept In respect of the charlty a5 requlred by Sectlon 130 of the Act,, or 2. the accoltnts do not accord with those records,, or 3. the accounts do not comply wlth the appllcable requlrements conceming the form and content of accounts set out In the CrItIeS IAccounts and Reports) Regulatlons 2008 other than any quIreMent that the accounts glve a 'true and falr vlew, which Is not a matter consSdeied as part of an Independent examlnatlon. I have no concerns and have come across rK> Other matters In connectlon with the examlnatlon to whlch attention should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Slgned.. Ellzabeth Needh3m ACA cfA IVATI Instltute of Chartered Accountants, England and Wales Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern, WR14 2iS
eauchamp Communlty at Newland Statement of Flnanclal Actlvliles For the Year Ended 31st December 20Z4 2024 2023 Restated Total Fund5 Unrestrlcted Funds Restrlcted Funds Erxlowment Fund Total Fund5 Noie5 INCOME AND ENDOWMENTS FROM tlonations and Legacies 11683 12,683 12,550 tharftsble Actlvltles Provlding almshouse accommodation Investment Income Other Income Totsl 253,149 61,670 137 327,639 253.149 61,670 137 327.639 230,884 65,766 2,935 312,135 EXPENDITURE ON Ralslng funds 3,148 1,774 4,922 11,568 Charltsblè Actlvlti8S Provldlng alrrshouse accomodatlon 335,501 335,501 350,030 Totsl 338,649 1,774 340,423 361,598 Net galns I110s5e51 on Investments 79,881 18,539 52,242 150,662 206,141 NET INCOME 68,871 18,539 50,468 137,878 156,678 Transfers between funds 13 13,7651 3,765 Net Movement In lun( 65,106 18,539 54.233 137,878 156,678 RECONCILIATION OF FUNDS Total fund5 broLKqht fwd 1,582,623 364,436 983,982 2,931,041 2,774,363 1,647 729 038,215 3,068 919 Total funds carrfed foNiard 382 975 2,931,041 CONTINUING OPERATION5 All Income and expendlture has arlsen from contlnulng operatlon5 The notes form part of these flnancial statements
804uchampCommunlty at Nèwland Balance Sheet As at 31st December 2024 2024 2023 Restated Totsl FuThJs Unrestrlcted Funds Restrirted Fund5 Endowment Fund Total Funds f4JtqJ FIXED ASSETS T3nglble assets Investments io 1,589.853 1,589,858 382,975 382.975 1,038.215 1,038,21S 3,011,043 3,011,048 2,863,339 2,863,344 CURREfrIT ASSETS Debtors Cash at bank and In hand 11,154 58,217 69,371 11,154 58,217 69,371 20,986 69,856 90,842 CREDITORS Amounts falllng due wlthln one year 111,5001 111,5001 (23,1451 111,5001 111,5001 (23,1451 NET CURRENT ASSETS I (LIABILITIES) 57,871 57,871 67,697 TOTAL JSSETS LESS CURRENT UABILrriES 1,647,729 382,975 1,038,215 3,068,919 2.931,041 NET ASSETS 1,647.729 382,975 1,038,215 3,068,919 2.931,041 FUNDS Unrestrltted funds Restrlcted funds Endowment Funds Totsl Funds 1.647,729 382,975 1,038,215 3,068,919 1,582.623 364,436 983,982 2,931,041 The flnanclal statements We approved by the Board of Trustees on and were slgned on Its trehalf by: ru5tee The notes form part of these flnanclal statements
Beauchamp Communlty at Newland Cash flow statement Far the Year Ended 31st December 2024 2024 2023 Restated Total Funds Total Funds ot•s Cash fl¢Jws from operatlng actlvltles: Net cash (used Inl operatlng attlvitles 174,4931 1111,4881 Cash flows from invèstlng actlvltles tlvldends, Interest and rents from Investments Proceeds from sale of investments Purchase of Investments Net cash provlded by / {used In) Investlng actlvltles 61,670 2,607,395 12,604,4371 64,628 65,766 5,555 71,321 Cash flows from fInancI actlvities Expendlture attrlbutable to endowment 11,7741 14.8141 Net cash yovlded ty I lused Sn) flnanclY8 actlvltles 11,7741 14.8141 Chan8e In cash and cash equlval•nts In the reportlng peritsd 111,6391 144,9811 Cash and cash equlvalents at the gInnIng of the reportlng perfod 69,856 114,837 Cash and cash equlvalent$ at the end of the reporting perlod 58,217 69,856 Reconclllatlon of net Incomellexpendlture) to net cash flow from opEr4tlry actlvl¢les Net Income I lexpendlturel 4$ per the Statement of Flnanclal Actlvltles 137,878 156,678 Adjustments for. (Galnl l Loss on Investments DIMdends, interest and rents from Investments Expendlture attributable to en(l)wment (Inase} l Decrease In debtors Increase I (Decrease) In credltors Net ¢ash fused In) Operat1 actlvltles 1150,6621 161,6701 1,774 9.832 11,645 174,4931 1206,1411 165,7661 4,814 15,2961 4,223 1111,4881
Beauthamp Communlty at Newland Notes to the Flnanclal Statements For the Year Ended 31st Decembèr 2024 ACCOUNTING POLiaES Charlty Infomiatlon Beauchomp Communlty at Newland is a CIO and was registered In England and Wales. The registered offlce Is Newland, Malvem, WR13 SAL charlty number 1190606 Bas15 of prepartng ihe flnanclal ststements These accounts have been prepared under the hlstorl¢al cost conventlon wlth items recognlsed at cost or tr8n5action value unless otherw15e stated In the relevant notelsl to these accounts. The accounts have been prepared In a¢cordance wlth Accountlng and Reporting by Charlties., Statement of Recommended Practice appllcable to charltles preparing their a¢¢ount5 in accordance wlth the Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffertive l January 20191- Charltles SORP IFRS 102}, the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The Beauchamp Communlty at Newland CIO meets the deflnltlon of a wbllc beneflt entlty under FRS 102. Income All income Is re¢ogni5ed In the statement of Flnancial Actlvltles once the chadty has entitlement to the funds. it Is probable that the Sncome wlll be received and the amount can be measured rellablv, Expendlture Llabilltles are recognlsed as expenditu as scon as there Is a legal or construrtlve obllgation commlttlng the charlty to that expendlture, It is probable that a transfer of econornlc beneflts wlll be requlred In settlement and the amount of the obllgatlon can be measured reliably. Expenditure 15 accounted for on an accruals ba51s and ha5 been classified under headings that aggregate all cost related to the category. Where costs canwt be dlrectly attrlbuted to partlcular headings they have been allocated to actlvities on a basls Gonsistent with the use of resource5, Tanglbie Flxed Assets Expendlture on flxtures and fittlngs and ImprovEments to buildlng5 15 wrltten off In the year of expendlture. Smaller items gf equlpment are wrltten off In the year of purchase. The freehold and bulldlng5, which are held for the Charitls use, and Newland Library Collection are stated in the accounts at a nomlnal book value of E5. Slgnific£nt wt5 would be Involved in valuing these a55ets and the Injstees do not conslder It expedient to have the assets independently valued, The tnjstees do not consider i depreclatlon policv Is necessary as the bulldlngs are malntalned In go(xl condltlon resultlng fmm a conslstent maintenance programme. Investments Investments are stated at mathet value at the year end. Cash and Cash Equlvalents Cash and cash equivalent5 Include cash in hand, depjsits held at call wlth banks, crther short-temi Ilquld investments wlth orlglnal maturltie5 of three month5 or less. io
Beauchamp Communlty at Newland Notes to the Flnandal Statements For ihe Year Ended 31st December 2024 ACCOUNTING POUCIES - ntInUed Taxatlon The charlty Is exempt from tax on Its charftable actlvttles. Debtors Trade and other debtots are recognlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued Income and tax recoverable Is Induded at the best estlmate of the amounts recelvable at the balance sheet date. Credltor5 Credltors are recognlsed where the charity has a present obllgatlon re5ultlng from a past event that wlll probably result In the transfer of funds to a th5rd party and the amount due to settle the obllgatSon ¢an be measured or estlmated rellably. Creditors are normally recognlsed at thelr settlement amount after allowSn8 for any trade dlscounts due. Fund Accountlng UNRESTRICTED FUNDS Property Reserve Fund The Property Reserve Fund Is held to proiride Income for the charlty so that the capital and Its Income cover the cost of malntenantr, fUrbI5hrnent and the runnlng costs of the Charlty. RESTRICTED FUNDS Extraordnary Repalrs Resevie Fund The Extraordlnary Repalrs Reserve Fund Is a fund Set up a5 Port of the Charltws scheme dated 14th December 1979, as amended on 27th October 1992. The trustees have not needed to top up this fund In recent years, but, as stated In the scheme, It Is at the dlscretion of the trustee's to draw on It for the purposes of "providin8 for the extraordlnary repalr, Improvement or rebulldlng of the almshou5e5 belonging to the Charlty,. Endowment Fund The Endowment Fund is the permanent endowment of the Charity and the capitsl cannot be spent. The fund wa5 established upon foundation of the charlty In 1864 and prOdeS an Income to the charlty. Organ Repalrs The organ repairs fund was a temporary 5tl¢ted fund for the restoration of the clwrch organ. Thurlble The Thurlble fund wa5 a temporary re5tflrted fund for the donatlon reIVed to repla the churth thurlble. The new thurible was purchased in the prior year. li
8eauchamp Communlty at Neand Note5 to the Flnanclal Statements- eontlnued Forthe Year Ended 31st December 2024 DONATIONS AND IEGAaE5 Unrestrthd Fut5 2024 Resblcted Fund5 2024 Restated 2023 2024 Church Collectlons Church Donatlons Donatlons Fundralslng Events Gift Aid 3,619 4,596 1,477 1,675 1,316 12,683 3,619 4,596 1,477 1,675 1,316 12,683 3,843 4,134 230 2,725 1,618 12,550 There wa5 no restrirted Income receSved In 2024 or 2023. Restated 2023 INVESTh+lENT INCOME 2024 Intome from Securitles Deposlr Account Interest 61,109 561 61,670 64,632 1,134 65,766 All Investment Income in the current and prevlous year relate to unrestrltted funds. Réstated 2023 OTHER INCOME 2024 church Fees Sundry Income 137 137 2.855 All othef irorne In th the current and preouS year relate to unrestricted funds. 12
Beauchamp Communlty at Newland Notes to the Flnancial statements - contlnued For the Year Ended 31st December 2024 RAISING FUNDS Uhrestrkted Funds Endowment FutKI 2024 Restricted Funds Tot31FuThls 2024 2024 2024 Investment Management Costs FeIgft Tax Portfollo management 52 1,722 1,774 136 4,786 4.922 3,064 3,148 Ralslng Funds- Prlor Year Restated Investment Management Costs Foreign Tax P10110 management 2023 2023 2023 2023 77 47 4,767 4,814 124 11,444 11,568 6,754 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other beneflts for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expertses The followlng expense5 Incurred In connection wlth charltaEJle activitles were 1mbur$ed to I trustee. The relmbursement In 2024 related to a leavlnff Rlft for I trustee. Restated 2023 2024 Expenses 95 13
Beauchamp Ctmnmunlty at Newland Notes to the Flnandal Statements- contIMd For the Year Ended 31st DeCemr 2024 Restated 2023 STAFF COSTS 2024 Salarles Penslon5 Total Staff Costs 28,870 400 29,270 15,815 iio The average number of empioyees Sn the year was 212023- 2) No employees recelved employee benefit5 of more than £60,0. Included In 2024 salarles are severance vrnets totslllng £7,711 Accornmodation Is provlded free of charge to the Chaplaln, Warden and Dewty Wardens and, at a redUd rate, to the Sacristans. The values below were Included In both Income and Expenditure of provlding Almshouse Accommodatlon: Restated 2Q23 2024 Staff Accommodatlon 18,420 All stsff costs in trJ)th the current and prevlous year relate to unrestricted fund5. 14
Beauchamp Communlty at Newland Notes to the Flnanclal 5tatemenis - CtInued Ffx the Year Ended 31st December 2024 8 COMPARATIVES FOR THE STATEMEMf OF FINANaAL AcfiviTIES Restated 2023 Unrestrlcted Funds Restrirted Funds Endowment Fund Totsl Funds Nc445 INCOME AND ENDOWMENTS FROM Donatlons and Le8acles 12,550 12.550 Charftable Actlv5tles Provtdlng almshouse accommodatlon Investment Income other Income Total 230,884 65,766 2,935 312,135 230,884 65,766 2,935 312,135 EXPENOITURE ON Rolslng tunds 6,754 4,814 11,568 Charltable Artlvltles Proindlng almshouse accommodation 345.184 4,846 350,030 Totsl 351,938 4,846 4,814 361,598 Net gains / Ilossesl on Investments 114,646 42,314 49,181 206,141 NET INCOME 74,843 37,468 44,367 156,678 Transfers betwaen funds (5,95SI 3,109 Net Movement In funds 68,888 40,314 47,476 156,678 RECONCILIATION OF FUNDS Total funds Brought forward 1,513,735 324,IZ2 936,506 2,774,363 Total funds tarrled forward 1,582,623 364,436 983,982 2 931,041 The comparatlves are that of the prevlous unlncorporated assoclatlon of the same name Ino. 10157941, the actlvlty of whlch was trasfered to the 00 In Aprll 2024. 15
8eauchamp Communlty at Newland Notes to the Flnanclèl Ststements- contlnued For the Year Ended 31st December 2024 TANGIBIE FIXED ASSETS FreelK+ld Property Long LeaseId Totals COST At 1st Jantsary 2024 NET BOOK VALUE At 31st December 2024 At 31st Deternber 2023 Restated It is ¢thfflcult and costlyto attrlbute cost or value to the inalienable and historlc a55ets. These assets are therefore excluded from the balan as: al Rellable cost informatlon Is not avallable and conventional valuatlon approaches lack sufflclent reliability,. and bl significant costs would be Involved whlch may be onerous compared wlth the addltlonal beneflt derlved by users of the accounts in assessing the trustee5 Stew3rdshlp of the assets. 10 FIXED ASSET INVESTMENTS Listed Investments Cash Deposits Totals MARKET VALUE At 1st january 2024 Addltions Disposals Revaluatlons 2,849,771 2,604,437 11,453,108) 990,057 13,568 2,863,339 2,604,437 113,5681 11,466,676) 1990,0571 At 31st December 2024 3 011043 3 011043 NET BOOK VALUE At 31st December 2024 3,011,043 3,011,043 At 31st December 2023 Restated 2,849,771 13,568 2,863,339 Tre total flxed asset Investments relateto unrestrlcted lunds of£l.589,85312023-£1,513,733), restrlcted fundsofE382,97512023. £364,436) and endowment funds of£l,038,21512023- £985,1701 11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Restated 2023 2024 Income from SecurFtles Glft Ald aalm Prepayments Contrtbutlons In arrears 12,989 1,618 6,379 1,313 9.499 342 11.154 20,986 All debtors In both the current and prevlou5 year relate to unrestrlcted funds. 16
BeaL¢champ cnnIty at Newland Notes to the Flnanclal Statements- contlnued Forthe Year Ended 31st December 2024 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestrl¢ted Funds 2024 Restrlcted Funds 2024 Endowment Fund 2024 Tot* Funds 2024 Trade Credltors Other Creditors 10,564 936 10.564 936 11,500 11.500 Credltors: Prior Year 2023 2023 2023 2023 Trade cdItorS Other Creditors 19,299 2,658 21,957 19,299 3,846 23,145 1,188 13 MOVEMENT IN FUND5 At 01.01.24 Net Movement In funds Transfers between Funds At 31.12.24 Unrestrlrted Fund5 General Fund Property ReseNe Fund 70,S82 1,512,041 1,582,623 {ii,oioi 79,881 68,871 11,6961 12,0691 13,765) 57,876 1,589 853 1,647,729 Restrlcted Fund5 Extraordlrlary Rep. Res. Fund Organ Repalrs Thurlble 364,436 18.539 382,975 364,436 18,539 382,975 Endowment Funds Endowment Fund TOTAL FUNDS 983,982 2 931,041 50,468 137,878 3,765 1,038,215 3,068,919 £3,765 was transferred from UnstrIcted funds to the endowment fund to cover the shortfalls In the fund actlvrtie5, Net movement Infunds. Included in the ubove are asfollows.. Incomlng Resources resources expended Galns and 105ses Movement In fund5 Unrestrlcted Funds General Fund Property ReseNe Fund 327,639 1338,6491 {ii,oio} 79,881 68,871 79,881 79,881 327,639 1338,6491 Restrlcted Funds Extraordlnary Rep. Res. Fund Organ Repalrs Thurible 18,539 18,539 18.539 18,S39 Endowment Fun(k Éndowment Fund TOTAL FUNDS 1,774 1340 423 52,242 150,662 50,468 137,878 327,639 17
8eauchamp CommunEty at Newland Notes to the Financl41 Slatements- contlnued FrK the Year Ended 315t December 2024 14 MOvENT IN FUNDS PRIOR YEAR- RESTATED At 01.01.23 Net Movement In funds Transfers between Funds At 31.12.23 Unrestrlcted Fund$ General Fund Property ReseNe Fund 112,466 1,401,269 1,513,735 139,B031 114,646 74,843 12.0811 3,874 15.9551 70,582 1,512,041 1,582,623 Restrlcted Funds Ext, Repalrs Res. Funds OrBan Repalrs Thurlble 322,122 42.314 12,8461 12,000 37,468 364,436 2,846 2,000 324,122 2,846 354,436 Endowment Funds Endowment Fund TOTAL FUNDS 936,506 2,774,363 44,367 156,678 3,109 983,982 2.931,041 £3,109 was transferred Irom unrestrlcled funds lo Ihe endowmenl fund and £2,846 to th8 Organ Repairs fund lo cover Ihg shortfalls in the fund acllvilies. Net rrovement In funds, Included In the above a as follow5,' Incomlng resources Resources expended Gains and 105ses Movement In funds Unrestrlrted Fun General Fund Property Reserve Fund 312.135 1351,9381 139.8031 114,646 74,843 114,646 114,646 312,135 1351,9381 Restrlcted Fd$ Ext. Repairs Res, Funds Organ Repalrs Thurlble 42.314 42,314 12,8461 2,000 37,468 12,8461 2,CODI 14,8461 42,314 Endowment Funds Endowment Fund TOTAL FUNDS 14,8141 1361,598 49,181 206,141 44,367 156,678 312,135 The comparatlves are that of the prevlous unlncorporated assoclatlon of the same name Ino. 10157941, the activtty of whlch wa5 transferred to the CIO In April 2024. 18
Beauchamp Communlty at Newland Notès to the Flnandal Statements - ccrtlnued For fv Year Ended 31st December 2024 15 RELATED PARTYTRANSACTIONS The followlNg transactions took place with M5. P Hughes, a slbllng of Mr. P Hughes Itrusteel Restated 2023 2024 Rent Contrlbutlon- Walved in1Seu of Warden seNl¢es Warden Servlce Fee5 io aaudransle Expenses Expenses - IKitchen/offlce admln sundrlesl 4,476 1,625 329 76Q 7,190 4,188 750 635 5,573 There were no outstandlng balances wlth Ms. P Hughes at elther 31st Dember 2024 or 2023 I trustee clalmed expenses of £389 for the purchase of a leaving glft for l trustee12023: 1 trustee clalmed E95 for the purchase of the Warden leaving glftl The Trustees giStered a CIO with the same name In July 2020, transfer date of all assets and Income and expenditure attlty to the ao was 1st Aprll 2024. The old charlty was gIStered wlth the number 1015794 wlth the Charlty Commisslon of England and Wales and closed by the Comm issSon )n 22nd Aprll 2024. 19
Beauthamp CoMmlty at Newland Detalled Statement of Fln)ncial Actlvttles Forthe Year Ended 31st Detember 2024 Restated 2023 Total Funds 2024 Total Funds INCOME AND ENDOWMENTS Donatlons and LegacSes Church Collections Donations Glft Ald Church Donations Fundraislng Events 3,619 1,477 1,316 4,596 1,675 12,683 3,843 230 1,618 4,134 2,725 12,550 Investment Income Income from Securltles Deposlt account Interest 61,109 561 61,670 64,632 65,766 Charftable acilvltles Rent ContrSbutlons from residents Utlllty Contrlbutions from resldents Other resident5 cofbtrlbutions 241,566 7,140 4,443 253,149 222,063 8,106 715 230,884 Other Income Church fees Sundry Income Totsl Incomlng resowces 80 2,855 311135 137 327,639 EXPENDrruRE Other tradln8 a¢tlvliles Fundraislng tosts r)natlons Investment management wsts Portfolio management 4,922 4,922 11,568 11,568 CrItable acllvltles Salarle5 and warden fees Staff Accommodatlon Rates and water Insurance Carrledforward 29,270 18.420 9,958 15,925 17,481 12,274 11,851 57.531 70,364 foimp•rt ¢4theststylOiV fiNnda14e¢ws 20
Beau¢hamp Communlty at Newland Detalled Statement of Flnanclal Actlvltles- contlnued For the Year Ended 315t December 2024 Restated 2023 Total Funds 2024 Totsl Funds Notes Broughtforward 70,364 57,551 Llght and he¥t Telephone Postage and Statlonery Advertlsing Sundrfes Repairs and Refurblshments Groundwork Reslijents and SItOrS welfare Cleanlng Alarm System Funeral and weddlng fees Church supplles aergy honorarium Organlst and organ tunlng Church Insurance Church light and heat Church repalr5 ChuKh sundries and vestments Church cleanlr Bank charges 53,929 2,071 687 48,059 2,282 765 I,ois 2,459 138,036 17,878 3,445 6,338 1,770 3,683 129,721 18,840 2,360 6,356 3,042 1,941 2.825 3,208 7,915 11,025 4,576 7,406 1,560 30 194 318,320 4,390 11,348 6,347 4,848 1,347 95 321,669 Support costs Governance costs Independent examination fee Accountancy and Legal Fees SuNeys and Assessments 9(K) 11,699 1,233 13,832 30,810 31,710 Total resources expended 340,423 361,598 Net {expendlturel I Income before gains and1¢55es 112,7841 149,4631 Reallsed recognlsed galns and105ses Reallsed gain Ilossl on f ixed asset Investments 1.140,719 (6.4201 Net Inc(*nÈ 1,127,935 155,8831 Th1$ wE•dcesnDL formpart ¢fthE stotOI¥ InRndal a(tr#Jrt5 21