ChaTlty regTi5trHlion iiuinbtr.. 1198269 Beta Charitable Trust kiiuwn as Bela Charithble Tru51 ICIO- boundaiionl Anniial Report ind Financlhl Slatemcrtls for lh¢ Y¢nT Endcd 31 MuT¢h 2024 Brouks GIL'¢ii Cliai'tercd Accounr8nl% & Rcgistcred Auditor$ Abbcy Hou$¢ 342 R¢g¢Ats Park Roud Lnndoi) N3 2LJ
Beta Charitable Trust kllown AS Beta Charltable Trust (CIO- Found8tlon) Contents Refcrcncc and Adniinistralivc Dciailb Tntslccs, Rcporl 2w4 Siatcittenl of Trusl¢U' Responsibilities Ind¢p¢lld¢tti AudiioiT' R¢poi'l 6108 Siai¢meni of Financial Activities BJlllii¢¢ She¢1 Casli Flow SIuitin¢nt Noie$ 10 Ihc Fiiutt¢ial Siai¢m¢nis 121022
Betn ChArltable Trust known As Beta Charitable Trust (CIO - Foundatlon) Reference and Admini5trAtive Det811 Trustee MT Na$eon Valji Mr Abba5 SiiAgi N4r Mohom¢d K•i)ji Mr Mohartied Alibli4i Mrs Collcen Saibicnl 8 Swonbridge Industrlal Pirk Blackci'oft Rolld Witham 8%CX Prlnclpgl OWI¢¢ CM8 3YN ChArily RegigtrHtiort Numbor 1198269 Audlior Brook8 Gi¢gn Clifjrieird Aecountanls & R¢gls¢ei'Ed Auditors Abbey HuLise 342 Ilegcnts Park Road London N3 2LJ PA8¢ I
Beta Charitable Trust known fts Beta ChArltable Trust (CIO - Foundatlnn) I'rustees, Report Th¢ trLJ5tees pi'e5cnt th¢ annugl repotl tog¢ther with the finaiici41 statements llnd ouditor&' T¢port of the Charity foi. the year endcd 31 Mairli 2024. Tru5tc¢$ Mr Nastten VAIII Mr Abb&5 Siwji Mr Moh#Tncd Konji Mr Mohuined Alibhoi Mrs Collren Sarg¢nt Obleetlve5 thc¢ivlllé$ Tlie l-rust'5 iiiain aiTn$ inclu(Je. Jltbough noi liiiiited to.. ConstrLJclioii of school ConstLUCtioii vf liouying fol. poor ividows SpDn%ei'iii&) %tudcnls, pi'¢doMinlntIY OTphnn3 ond pDor ¢hlldirn Arrangins CYL ¢airi)5 mcdiGttl ¢anips Tr¢tment of niedical nc¢d5 01'paiients Uiideriaking yanii#iivii pi'ojecl$, rnainly by i)rovidinll toilets in villAges Cosirkl¢li()ii and rcfiii-bishm¢nl of walcr wLI1.s tsiid watcr liund Plimp Supplylng solar Iimps 10 villages %vlii¢h or¢ elcctri¢iiy d¢ficiit Providing fuod, Iii¢dical cqiiipim¢nt and oihcT n¥¢¥ssiilLS during iiaiural disa&i¢i Aminscm¢i)t nf food pTri'¢¢l drive its poor, ncedy and orplilliis Coiiserv&tioii,, pr¢servuiioii inJprov¢inerni of Ili¢ pliy3ic&l Bnd n8iiiral environm¢Jil Piiblic beiieJ71 The Trii8lci.% hnvc regaTd 10 Cliurity Commi55ion Buidaii¢e oil piiblic b¢n¢tit. CJraiil$ Ire only niadc to otlier ¢hr¢rtitlL5 tlial dm)onslite public bcnefit. Tlie liwslcc.% cgnfirm tlial thpy liavc ¢oiMplicd wilh ilie requir¥iiiciiis of 5cGlion 17 of tllc Cliw'ltic% Act ryol I tD hav¢ di1¢ rckvard 10 tlic publie beiiefii siiidiii¢e publi51i¢d by Ilic Chtsriiy Ctsiiiinis51un for Ft]brlaiid gild Walc.%. Trlnuhtlal r¢vlew Dts¢ to i1ti oji goin %ui?port fro]ll the CliJrltys key donors, tli¢ Trust IR in an ¢x¢ellcnt finfiiiciul positioii wliLroby Iherc is no risk of ruiiniiiu Inlv a deficit re5¢rve. To fuil11¢1' eiJ&uro IhRI tlieie is no risk. a consi51eiii cd%li balan¢¢ is fflaihtalned to eontinu¢ Supporting on 80ing proj¢£i¥. Structur¢ govei'nine¢ nnd mRnAg*ment NrtiNr¢ vlgoveriiing flo¢iiiii¢N¢ The cliarity Is controlled by its 8ov¢ming douiTn¢nls. Pa8c 2
Bet# Charltable Trust known as BetA Charltable Trust (CEO - fioundatlon) Trusteesl Report R¢f¢rtik¢t Admlnlstvlltlve Detxils Tru5tets Mr Nll$toii V&lji Mr Abi)u4 Siwji Mr fvlohfimEd Kanji Mr Mohanied AlibhAi Mr$ Coll¢¢n SarB¢nl Prliitlpttl Qfflee Ill%ickcroft Rond William Essex CM8.IYN Chai'ity Rcgxstratlon 1Sumb¢r Audltor 1198269 Brook$ Gre¢n Cliartei'cd Accountonts & Registered Audiiors Abbcy Huii&¢ 342 Rrg¥iil% Pork RoRd London N3 2LJ Illnaneial instl'uments Objccliv¢s aiidFoll¢le,f Tlie eliarily'5 activilies ¢xpose it to a iiiirnb¢r nf financial ti$ks Tn¢ludSnE credit risk, CDslI flow i'i5k And liquidity risk. The us¢ of firiancial (I.1vIllV¢s is govEtncd by the ch21'iiy's policies upI)rovcd by ili¢ bofyi of li1151cc5, which providc ivrillen priii¢iplcs oil Ihr 115¢ or riiinncial dcrivRlivg8 io niuna¥c 111¢8¢ risks. Thr ¥hurily duc5 nol lis¢ derivaiive financial in¥tiuni¢ni8 foi. gpccLilnliv¢ piii'poso%. Co¥hJloiib i'lsk Th¢ LhJrily'> activities expo¥e li priinorily to the fiiinncinl risks of chAli¥¢S iii foreign curreticy ¢xtlian¥e rale Lid intercsi illics. The cliai'iry uses forcign ¢x¢lioiige forward ¢oniracts And inlcrcsi IBr¢ swap ccnlra¢i.4 to liedgc tlics¢ ¢xposur¢s. Inieresi beoring 0s8ets and liabiliiies UIE held ai fixed rorc to e115UTf ¢¢rtainly of cash nows. Pagc 3
Beta Cliaritable Trust known As Beta Charitable Trust (CIO - fioundAtlon) Trusteosl Report Creilll i'lsk The Gharity's principal finaiiciHI 455Cts ar¢ bunk bln¢% and ¢J%h. trllde and otl)cr rcceiv&bl¢s, wild iYJv¢simenis. hccl al'c net of alloivance8 for doLibifiil r¢c¢ivgblc$. An iillowance toi. inii?aiiThcnl is niud¢ wliei'e Ihore is an ideiitifIed Iv¥s ev¢iil ivhi¢li, ba>td on previou$ txperiertce. is cviden¢e uf d rediiLil¢n iii Ilie rectrvcrabiliiy ttf tli¢ Cl511 flow5. The ciEdit rièk on liqiiid funiJ8 ond d¢Tivative fiiionci41 insttUTn¢nts is liinited because tho ¢ount¢rpani¢s ar¢ b&nks willi liibih ¢rcditthrBliiig% as51bJncd by inl¢rnHlionul Lr¢Jilthflliiffig aBei)ciex. The ¢harity hfis no 51Bnifi¢llnt ¢ort¢enirg1ion of ClEdil risk, wilh ¢xpo.giii'¢ 8pr¢Ld over a lllrgc numb¢r of counlctpaTliQS alid cuslorncr5. Dlstlosure fjf Informlltlon ts) ttuditor ENch 11'usiec lius iakcn 5t¢pts Ihal Ihcy ought 10 have takcn as a truylec in ord¢r ro mak2 Ilienisclvcs wr¢ ol. uny r¢l¢vlliit oudit infvnnaiion oiid 10 e%tablixli Ilial Ilic cliariiy's Hiidilor is awarL of IlJal infonnalioii. The tru81e¢s confirni that tliere 1% ilo lE1cvnI infotniniion 11141 tliey know of 6iJd of which IlJ¢y kttow Ilio auditor is unttwarc. Reappolntmcllt of Audltor Thc auditors L4ropk5 Grc¢i) aTC deoTn¢d to b¢ T¥appoinied undtr Section 487{21 of Ilie Companie5 Acl 2006, The annual report was approved by thc Irust¢e$ of the cliarity 011 18 Jiily 2024 a13d %1gn¢d on its bchaifby.. Mr Nmseeii Vulji Tiwstcc Png¢ 4
Beta Charitable Trust knoivn Betn Charltable Trust (CIO - Foundgtlon) Statenicllt of Trustee&, Responslbllltles Th¢ tTuEeB Ar¢ IfSJKpliSible for prepai'in&p th¢ Irus¢ees' report and tho fin&n¢ial siAioment% in &BBTrrdan¢¢ ivilli tlie United Kin8doiM Accoiinling St8nd9rd$ (Unitcd Kingdom Generlllly A¢¢epted Accoutttlllg Practiccl and ai)pli¥able law &iid regLiloiltsns. 'riic luiv applicablc to chaTilir5 Tvqiiireb Ihe tru51c¢$ to prcptLYe finanLial 51al¥meiiis for cach fiiiAii¢illl year wliich givc ll truc and fair vicw ol. th¢ state ol. dffair8 of the eliarily ond of tlie 1iicoinin r¢suiirc&% and oppliERiion or r¢sour¢es ofihe ¢liarity for Iliat period, Iii prep%riiig iliese fii)ancial 51Dlun¢nis. Ilie tiuslccs arc r¢4uir¢d io.. $¢l¢ct suitabl¢ o¢¢ouniiii¥ polici¢¥ ¥nLI Ih¢ii oi)ply iliem consi¥lcnily; obseic tlie Inothods and prin¢ipl¢s in Ilic Cliariiie$ SORP,. n)ukE judgcinpnls and c51imul¢b Ihot ore rco50noblo lliid prudLI)l.' slate wliethei. applicablc accoiiniins 5tnndards liuvc b¢en followed. subl¢¢t lo Nny Imoierial depar1'r$ di5cILTr5cd cxpl&incd in the f111aiiGSAI stateincnts,. and PTcpare Ilic financial yrHi¢menrs on thE going ¢on¢¢rn basi4 unle85 it is in•ppropi'ioie to prc5umL Iliui ili¢ Tb¢ Inisiees Ari r¢spoii%iblc for keeping prop¢r 8ccounting record5 that disclose wlth rcasonhble Rf¢ufACy Sf Slly tiTno Ilic finuncikil po51tion of Ihc Chfjrily oiid cnablc Ibcrn lo cnsiiiE thai Ilie fiiiHnciul siAlciiicnl8 comply wilh 1h Choriti¢b Act 2011. Ili¢ Jpplic2blE Cliurilies {A¢couiiis oiid Rcports) R¢8ul41ion5, lh¢ provisioiJs af Ihc coiJ8tittitioii. Tlic trLislccs tsr¢ 4lsD rcqponsiblc for Sreil&r1ng Ihe a$scis of ihc ehoi'iiy l)d hcncB for taking r¢890nabl¢ 51¢ps for Ilie proventloii ld dei¢clitsn of fraud and other irr¢Biil¥riiies. Approved by th¢ tsiisi¢es of the churity on 18 Jiily 2024 and signctl on ils b¢holf by.. MT N45¢¢n Vlllii Trusi¢¢ PgÉe S
Ileta CharitRble Trust known as Beta Charitable Trust (CIO - Foundation) Independent Audltoi s Report to the Mernbei's of BetA ChArltble Trust Opllllo Wc liave audited the financiul statcincnts of Bcts Charitabl¢ Trust (the 'choi'ityl for the year cndod 31 DAMtcl1 2024. wljtcli compri5C thc SliJtcmLnl ofFinancial ALlivilies, Bal&nLL, Sli¢cl, Casli flow Sialeiiieni. aiid Notc% 10 th¢ Fiiiaii¢ial Siai¢m¢nis, iiicludiiig a Summary of si8nificanl fi¢rouniiiig policic8. Thc finan¢iol r¢poritnk framcwork tliat has been Hpylicd in thcir PTrpatation 15 United Kiiigdoni Accounting S18ndards, ¢oinpiisiii Chmntics SORP . FRS 102'The Finan¢ial Reportiiig Sioiidord applicable in the UK nnd Republic of Ireland, and appliiable law (Uiiiied Kirtgdum G¢iieially A¢¢¢pted AccoLlliling PraLii¢el. ltt ()ur opinion Ihe financial blul¢menis.' give a Iru¢ aii(I fair vi¢w oftlie %late ofllie ¢liarily'8 #ffjws Dy ttt 31 Morcli 2024 ttnd ofils rgsulib for Ihe y¢ar Iheii elided, hhv¢ b¢ciJ prop¢rly pr¢pJr¢d in 8¢xordartce wlth United Kingdom Gcncrally A¢¢¢pt¢d Acceuntiiig Praclicc. aiid liavÈ been prepored in ttccordance willi the re4Ulrtmentb' olilie CharitiLS Act 2011. Basis for oplnlon W¢ eondiicted oiir aLI(lil in aeeordoncc with IntErntIonuI SlnndArd$ on Auditiiig IUKI (ISA5 IUKII api?licable law. Our responsibilitlcs Mllder Iho5E ylan(lar(Is #i'¢ furtlier described ii) lh¢ Audiior'8 iespoiisibili11¢5 for Ilie Hudit of the financilll 51aiemenlS eciiriii of oiir rcporl. Wc iir i11d¢i)eiidcni of Ilic cliarily in eCordnCe TCqUiI'¢nirnts. Wc bclieve ihAt ili¢ audii evidcncc WE lillve obiain¢d 1.% suffTcicnl und apprgpriaie to PTovidE a basis for OUL. opinioii. Cpnclu51ons rolutlng to golng concern Wc have llathiiig tQ Teport in TCSPECI of th¢ followlns n)atter$ in relBtio)3 to whi¢h the ISAS IUKI requiit iiy to repurl lo YOLI ivlJer¢'. IhL Ituslcc5 usc of IlTrc ¥oin$ ¢on¢¢m bllsls of ll¢¢oMntiog in IhL preparailon oft]Jc finHnci#l sijiein¢nls is not appropriJl¥-, or the trtistees liave not tligelo$¢d in th¢ financial 51aiement5 any idcntifi¢d iiiarci'ial iinccrlKiinlies Ilipi Ill%iy cast SInIrJ6l)I doLibl Iiboiil Ili¢ ¥liariiy'.8 abilily lo COlllinu¢ 10 fj(lopl tlic going E¥n¢¢rii b05is of llccowiiiiig for i pcriod of ai Icast twelvc Inoiiih5 froni Ilio date wlien Ihc finan¢ihl 51nltyiiJ¢iilS al'e illltliortscd foi. islue. Qlh¢r iDforn]ntloJh Th¢ tTUStccs arc re5poiisible for Ilie othcr inftsmliion. Mie otlier infonnatiort ¢L>IIIPI'l%e5 the inforjxaiioii included iii ilie aniiiial irport, oilier than Ilie finniiciul statcrncn18 and our nuditoi 3 rcport 11icrcon. Oui, opinion ox Ilie finin¢iil siateix¢nts docs not covor tl)c othcr infomiation eiid, cxccpt to thc cxteiii othenvisc expli¢iily $18lLd in vui. repoi'l. we do i)ot ¢xprcs& any fom 01gsguroiiv coiiclusion Ih¢reon. In coT)ncclioii witli our uiidil or th¢ finan¢lol slaien)enls, our 5p$1bllIiY 15 lo irad Ili¢ oili¢i' inforiiialior¢ an¢J, our kiiowledge obt2iiied in Ihc giidil or oilienvise appeur5 lo b¢ malttriully iiiissiaied, Irw¥ id¢iiti(y 5uLII Illdier&&l misstat¢ii)¢J)l in th¢ fiiiaiicial statcinci)1s or o Inoteriol iiiisstaicrnent of the other infotrn8tion. If, blls¢d tlJe work we liavc Iierloi'iiicd, we eon¢lud¢ that thcrc 15 & mAicriNI mlsstattilleiii of Iliis otli¢r infoi'malion. wc are reouir¢d to rcpori thai fact. P4gt 6
Beta CliarltAble Trust known as B¢tA CharitRblc Trust (CIO- Foundntlon) Independent Auditor's Report to the Members of Beta Cliaritable Trust We IiAve iiotl1ln 10 r¢porl in Iliis r¢sard. ,Iq#ti¢rs on ivlilch ivo rtrqEtli'td to rEport by 0XtptIO Iii Il)e limlil of our knowledge and uttder&landiJig of Ili¥ ch8rily and ils ciivironitteiii obtsli)ed iii th¢ cour&e of the Wc have noiliins trj irpoit in r¢sp¢¢t of tli¢ followitt8 illatters wliere tlie Charitie5 Act 2011 roqiEiT¢$ 11$ ia rcporl lo you if, 111 OLIL. opinion.. 8d¢qLiaie aceounlin8 records have llot bc¢n kepl. or relums adcquoie for our dudii have noi beeli received frotn branches not vi%ited by us.. oi. Ihe financial SlatelentS are iiol iii asreeniciil with tlie accounling rccords aiid r¢iurn%.' or ¢¢i'IHiii di5cIosLifcs oflrkistccs rcmiincralion 5pcLifitrd by lllw Jre not IlliE de. or w¢ Iiave nL)¢ r¢ccived all Ihc information Jnd ¢xplanaiions we Yoqvire toi. our audit. Respon$lbllltl¢& of try5tQ¢S As cxplain¢d mor¢ fully in the Staiemeni of Tiusiee4' RpolI11b1lit1eS (set out on puge 51, the tni3i¢¢y a r¢5pon$ibl¢ for til¢ prcpaTation of tho filliiivijl 51&lrtncnlS ¥nd for bcsng $ali$fied Ihllt Iliey give a true and fkir view, aiid for %u¢h inicnial Cottirol as lh¢ ¢ni%ie¢s deiei'iniiie is neces.iary to cnablo the pr¢pai'aiion of f1nan¢ial 5tatcmci)15 rliat are fTce material nii55taten)ent, wlicilicr lo fraiid or error. In pirparii)8 the fiiiancinl Stsleinenis, Ilje Iruslecs are respoiisible for assessing Il)e ¢hJrily's o1)ility W coniiiiue &s going eonccrii, disc105inbi as applicablc, rnaii¢r5 r¢lni¢d to goinbi ¢oncern uiid ufiiig tlic goiiig coiiccrn bii5i3 of ll¢ctsuntlttg unless the i)w5tee8 eid)ei' Iiiteiid to liquldote di¢ ¢Jia]'ity oi. to ccasc op¢ralion8, or Ii&vc no IEalisiiL ali¢i'nalivL bui lo do so, Auditoi s re%pnnslbllltles foi. the yudit of the finaiiciiil sta¢¢nicnts Our obj¢etiv¢% arc lo obiain r¢asont)bl¢ &ssiiraii¢¢ nboiii wlieilier the fTn&nciDI stetcmts Us & whol¢ are fr¢¢ rrom ihalcirial Ini$staleinci)I, wli¢tiicr duc to fraud or ciror, 8iid 10 is$vc oudiloi s r¢poi1 tlilli iiicludes our opinion, Reasonllble asxuiwncc 15 a liigh levcl of ass(Irnn¢¢. biit is 1101 a 8Liai'i4 ntEc tliat aiidit ¢oiidii¢ieiJ in accordaiice wilh ISAS IUKI will alivays detgcl a rnolcFial rni5¥14l¢m¢ni whLli il cxi815. Misslllleincnls cali arise froni fraud er trror hnd arc considci'cd moi¢i'iol if. individually or in Ilic aggrcEatc, Ili¢y gould I'¢asoiigbly b¢ exi?ccicd io iiiflu¢iicc tlie econoinic dccisions of uscr5 takLn on Ilie b&)sis of Ilic8e fiiiuiicial %latemBnt5. As part of ali audit iii accordance w2th ISAS IUK), w¢ ¢x¢r¢ise piofes%iollal judBcrncnt tsiid Iiiaiiiillin Id¢ntify iiid 4ss¢ss tlie r15ks ot. Inaierial iiiisslatcment of thc financial sifii¢in¢nt4. wlietlier duc lo fr&iid or crror. dcsibin aiid pcrfoi'm audit pi-ocedur¢s responsivc io those I'1sk5. Dbtjin audit ¢vidcnuL Ili¢it 16 surrJLicnl appropriulL lo provide a btsig for our opinion. Tlic risk uf Iic)I d¢te¢iiiibT & iii¥lerial nii55iateiiiciit re%ultlll8 fiDni fraild is high¢r Ihnn for one I'¢6ultin8 fiDIii oii'QT, ftuud niay involv¢ u)Ilu%ion. forg¥ry, inlri)lional omis$ions, misr¢pr¢senlalion5, QT tlie ovprridc of intcm81 ¢oiilrol. Obiain an uiiderslaiiding of ini¢i'nAI eoiiirol relevgnt io Ilie audit in order lo design thudil procedures rliut llre appi'Dpi'iiil¢ 111 Ilie circurn&turtctrs. but not fgT th¢ piirpos¢ of ¢XPTe55ing on oplnloii on the effoctlvencss of Ihe charity's interiial conu'ol. Evaluate Ilie appropriHlcnrs$ of a¢¢oun11n policies used otsd tho roasonableness ofa¢Lounling esiimai¢s and r¢lfttcd dtsclosiir¢5 Inadc by tlie iiw$t¢¢s. Pagc 7
Beta Charltable Trust knoTrvn as Beta Charitable Trust (CIO- Foundatlon) Independent Auditor's Report to the Members of Beta Charitable Tryst Ceiieliid¢ on tlir Nppiop¥iDl¢n¢ss of th¢ Inist¢¢s of Ihc goin8 ¢oncern b&sls of oeec>untit)g Dnd. based oti tl)c audil ¥vid¢ncc obiuincd. wlieilier il Ifrtl¢i'ial UN1,14tnry ¢xiiis relared to events OT conditions Ilial rnay ¢A81 518iiificaiit doLibt oli Ihc cliai'ily's ability lo conliiiiic a5 a ¥oin¥ eon¢crn, Ir w¥ ¢on¢ludL that o mal¢riul uncei'tain¢y ¢xtSts, Iv¢ 4r¢ r¢ouir¢d to diDw ollenilon in Oilr ouditOl"5 l¢POrt 10 ilit rclatcd diSGlosurcs in the riIi#iicitl siatemenis or, if such di5cIosLires are inlldttqualc, 10 Jnodify our vpinion. Our ¢oii¢lu%ion% al'e bas¢d on the *iidil ¥vid¢n¢¢ obi8in¢d lip 10 111¢ doi¢ Df nui, ULidiior'.8 report. Hnwcvcr, tiitUTQ cvcJI13 OF eondit50ns may cause tlie ¢hatrity to GeJs¢ to cohtiiiu¢ as a going eon¢cm. £valLiaiE the overall presenlalioii. slrucliirc Boniciil of Ihc fin8n¢i41 ¥iuleineiits, includlng IliE dlsclo)iur¢$, achicve.% faii. prescnlalion. Obiain sufficient approprialc audit cvidoncc regrding Ib¢ finanLi41 ii)foiination of tlie entiliEs or business dirc¢lion. 5UP¢TVi5ion p¢rformanGo of th¢ Charity audir. We reniuin solely v¢spon&ible for our audit opiiiivn. We communi¢al¢ wilh IhD$¢ ¢h#rx¢d iviili ¥OVL'mttnc¢ irgardiiig. anionui other mallBrs, tli¢ plxntted sLop¥ #rtd limin8 r)I' th¢ hiidii and sigiiificaijl li udii fillding5, includin8 aiiy si8nificant dcfici¢nci¢s in ini¢mol Conti] Iliot w¢ identify duL'in8 oiir lludit. Us¢ of our report Thts r¢port is mlldc %ololy lo tlic chaTily ¢rusl¢¢$, os a body, in qctordance wid) sectiot) 144 of the Charities Act 201 l aiid rc¥ulJliohs InadL und¢r seGliOli 154 oftliai Act, Our woi'k lias becii ULid¢rtHkpii bo tliai w¢ Iiiiglii Siaie to lh¢ I1'u$rces Ihosc nialtci's ivc arc rcqiiircd lo 51lll¢ lo Iru¥ie¢$ iii gLiditoi'%' r¢port ai)d foT no oilirr piirposf. To th¢ full¢sl ¢xtcnl pormitl¢d by low, we do not ll¢¢opt or Jssuine rttgponsibility lo anyone oiliei. Ilioii tlie ¢h&riiy and ils Iru%tee¥ as a body, for uur Rudit work, lor Iliis I'rporl. or for Ilie OPiLiiOllS we have furmrd. Dnviv Harris Iseiiior Stallltory Auditor) For nd on b¢li&lf of Brooks Greeii. Stolutory Aiidlttyr Cliui'tered A¢¢ouniini¥ & Regist¢r¢d Avdiiors Abbey Houso 342 R¢gents Park Roa Londoii N3 2LJ 24 July 2024 Pftge B
Bctu Ch8ritable TTUSt known as B¢ta Charlt&ble Trust (CIO- Foiindatlon) StRtenient of Flnanclol Actlvltles for the Year Ended 31 Morch 2024 Unres¢ricl¢d IndS Endoivmollt fund$ TDr#l 31 mo1.ch 2024 Restrlcted funds GentriI Pormiichl Note Incomc And from: Donation$ ajid leszcies Inv¢slm¢nl iiicEinic Other iii¢oni¢ 1,907,646 104,095 70 262.474 2,470.000 4,640.120 104,095 70 Total Ii)¢om¢ 262,474 2,470,000 4,744,285 ExpL'ndllurtr on.. (1.210.704) 112,3241 1262.474) OlhcT cKpendituiE 12 3241 TDtsI Expeiidin]Te Nei Inov¢iiienl ii) funds 1.223,028 ?62.474 ,485.iU21 78¥.783 2,470.000 3.258,783 Re¢on¢ilitinn of funds Total funds ¢&tricd fo¥wllrd 788,783 2,470,OUO 3,25%.7¥3 Totthl 2V2.1 Noto und Endowrnents from.. ExpondAtur¢ on.. Tolal Expendiiur¢ Ncl movcmciii in f¢ind8 Rcconcllllliloii of fuhds Total fLiiids corried foiwgrd All Of the cliarity's activitics dciive from coniii)uin8 operations during tlic abovc twts periods, The funds br¢akdowD for 2023 1$ ?&hown in llole . Pagc 9
Beto ChRrlt&ble Trust known AS Beto Chthrlt#ble Trust (CIO - Found#tlon) (Registr#tion number: 1198269) Balane¢ Sheet 98 at 31 March 2024 31 Mgrcli 2024 Not Wlxed &s$¢i$ Inve$im¢nts 2,395.708 Current 4S8¢ts Dcbtors Cash ilt bank aiid iii liaiid 12 33,463 A52.707 886.170 CredltDrB.' Amouhts fslTln% du¢ wltliln on¢ yer No¢ ¢uriwnt W51ets 23 0951 ¥63,075 Not ASSQt$ 3.258 781 Funds nf tlio ¢118rlty', Endoiymcnt fundi 2.470.000 Unre5tJ'lttèd lthetsthe fundB UnTc%lricted fuiids 788.78.1 Totgl funds 3,258.783 Thc fJnJncial SlAt¥liJLtils on p&u¢s 9 to 22 w¢r¢ Lpprov¢d by Ihc Iru8tocs. Bnd uuiliodg¢d for issue oil 18 Jiily 2024 and signed on tlieir behalf by.. Mr Nasecn Valji Trnste¢ Pl¢ 10
Bctu CharitRble Trust known a$ Beta Charltablo Trust (CIO- Foiindatlon) CAsh Flow Stlltement for the Yeor Ended 31 Mareh 2024 31 Mai'ch 2024 Note C9$11 Ilows fi-om optrotln¥ nctivitÉos Nei ¢asli incomL 3.258.783 Adjustments to eaKli flows from non-¢J$li Items Invesimrnt incoine 1104.095 3,154,6RR Worklng eapltol &dJy5tm¢nts InLI'¢iis¢ in d¢bioLS Increase im ¢irditoi% 12 133,4611 23,095 N¢1 cash flows from op6rating activilios 3.144,32D cSh nows froni Inve5tlng 9Ctlvltle5 Inieirst rcccivllble and similar in¢om¢ PuT¢husc of snvc%tments 104,095 2,395,708) Net Cash flow8 fi'oiD inv¢511118 8¢rivilics 2,291.Ci13 852,707 Cigli and ¢h eqLtivalci)ts at l Api'il Cas11 and cash CquIv1Cl7t& ul 31 MaTcIi 852 707 R¢¢oRtLlii?liDn vf net cush flow io mov¥ent in b)¢t lynds Incirasc in ¢asli 852,707 Nct fundsl(dtbtl at l April 2023 Nei funds •t 31 Mar¢h 2024 852,707 All of the ¢as1i flows are derived fi'oni conlinuins opcralions diii'ing lh¢ obov¢ knvo pci'iods. Pogo 11
Bet# Cliaritttble Trust knoivn #s Bet8 Charitable Trust (cio - fioundation) Notes to the fiinAnciAI Statemonts for thc Year Endcd 31 MArch 2024 l Accouiitlii% pollcles Stalement of cTrnipllfin¢¢ Tli¢ financial statemciJls have beei) PlEpared in 2c¢ord£nce wirh Accouiitins and Reporting by Chai'ilies.. Sthieincnt of Recoinm¢nd¢d PTg¢1i¢r applirllblr lo ElIHritic¥ pr¢pRting Ih¢iT uw¢vunls in a¢c(Irdoiice wilh th riiioii¢ial Rcpvi'liiib SIRndard 3ppIicii ble in Ilic UK aiid Republic of Ircland IFRS 1021 Icvfccliv¢ l Janiiary 20151 . ICliariti¥% SORP {I-.RS 10211, tli¥ finfin¢iAI Rcpoi'ling SIAndar41 #ppli¢#bl¢ in Ilie UK and Rei)ublic or IT¢luiid (FRS 102) ond Ihc Churiti¢5 AGI 2011. Il#$l$ of pi'eparatlon Jaeia Chai'ilabl¢ Tnisl mecls Ilic dcfiiiition UF a pubIi¢ bcncfii entity U11der FRS 102. As8¢1s aiid litibilities llre poll¢y not¢$, GolnR concorn Tliv Ii'iislies cuJisid¢i' thal Ihero i)0 mAlcri&l uiittertainlics *boul Ihc cliHrily's obilily 10 coniits11¢ 05 2 SOIII coii¢eix. Incom¢ and ondowmonl$ Vt>lunlfiry incoiile includiiig dni)otlQ115. gifts. Icgucics uiid giroiits that i)rovidc fQTf fiindin¥ vr ar¢ vf o ucni'ral nattjrc is r¢¢oBni5cd whcn Ihc chai'ily hos ¢ntilleni¢nl lo tli¢ iii¢oiMe, it is prnbable that the iiicoinc will bc rcccived ai)d the amoLLiII coil be Inea%uiYd with %urricienl reliability. Doiiulioii.v aiidlÉgrtcleR Donatirjns and legaci¢$ ar¢ I'¢¢0811i%ed on a receivable basis wlien receipi is probobl¢ Niid Ihe aiiioiiiil con l)e reliably ineAyiir¢d. FJxpondlliir¢ All exp¢iiditure is r¢eognised ()nce tliere Is a leg41 ar ¢onstiiJctive obligation lo thai ¢xpen(liliire. li is pi'obobl¢ sciilcjncnt is required and Ilie aniount can bc mca&urcd r¢liL4bly. All ¢0slB al'e allocated 10 Ilic api?lic?blc pirticulur Iicadiiigs they liuve been allocutcd on A basi5 ¢011515tcnt wth th¢ tss¢ of T¢yource5, wlih cenii'al Siaff cus1& allocaled oli Ilie basis of liine 5pcnL aiid dcprcLialion LlJurg¢b allo¥uied oil d)¢ poitioii of tliE a55el's USE. Oiliei. %uppoi'l eosis or¢ allo¢ni¢d t)as¢d tsn fh¢.8pread of $tl1 ff cn.Its. All r¢soiirerB expendcd arc ijjcliisive orite0Virabl¢ VAT. Cliuyllttblc ortlvlilÉ Charitabl¢ r¥pcndittiTE fDtnprl$¢$ Ihog¢ ¢08t$ incuntd by the eharity Il)e delivery of ils activities und s¢rvi¢es indir¢¢i n14tur¢ ncre¥aary lo support Ih¢m. Pag¢ 12
Betn CharltAble Trust known as Beth Charltable Trust (CIO- Foundatlon) Notes to the fiinanclal Statements for the YeAr Ended 31 Mareh 2024 GrAJiipfv)vlsluii Provi%ions fur grants aTC niodc ivlien tlie int¢niion io In9k¢ a grani has been ¢omniunic&tcd tu Ilic rccipicnt but Ilicrc 15 uiic¢ildlttty (Iboul Lith¢r Ihc iiiminbi oftlic blrant ar Ilit ai)iouDt ofgraiii PyOble. Governaneo costs Th¢s¢ include Ilie cost5 atii'ibuiable 10 the charily's ¢ompliai)¢c iviili constitiit101181 and Blatuloiy rcqLiireinent8, ioeludittg audil. slratrgic m?i)ll¥cmeni aiid Iru$tee8'5 mocli1185 gild rcimbuiy¢d ¢xpen8¢8, Irr¢eoverAbl¢ VA'I. Irrecov¢i'ablc VAT is rharged uguln$t Ili¢ Category of ro%ouir¢% expeiided for whi¢h it was iiicurred. Tsxnllon Tlie clioriiy 15 considcrcd to phss tiJc Icsts 8tt out 111 p.bIL.P17 I Stliedult 6 of Ilie Fliiwitc Act 20 Ill aiid thBrntorc it mecii ili¢ dcfinilion of a char)tbI¢ CDmpHny for UK corporation tax purpoie%. AccoTdingly, thc chai'iiy is pglcniihlly vx¢mpl from iualioii 113 respect of incoine or capitsl gui115 L'eceived widiin c&tegori¢3 ¢ttvci'cd by Chapi¢i' 3 Part I l of th¢ Corporttiion Tax Act 2010 or Scction 256 of tliE T&xation of Char8cable Gaiiis A¢1 1992. to the eKtenl Ihai such incoine or gaiiis Lre Ipplied exclLi4ively 10 ¢horiiBble puiyoses. Inv¢stmLn¢ pr(Fp¢rt5e5 Inveslmeiit pix)perty 18 carried at f11. vali1¢. d¢Fived from the oiirrent mnrk¢i pi1¢¢$ for ¢omp*rable Tenl ¢¥ttyl¢ or loss. Cish Ind LAsli equlvalent¥ Ci¥li ond Lash cquivBlenls comprise cash on liand and call deposits, llnd oLher short-ierm hitsyhly IiqLiid invostnicnt$ Ili4t 4r¢ r¢4dily cottv¢rtibl¢ to A known amount of eA$h and UT¢ subject ro insignifi¢Ani ri8k of ¢lwn¥¢ its vU¢. Pagc 13
Beta Ch*rit#ble Trust known A5 Bet4 Chnritable Trust (CIO . FoundAtion) Notes to the Flnanclal Statements for tho Year Ended 31 March 2024 Forclgii exeli4h8e Traiisactioii$ in foreign ¢uffencies Hr¢ rccorded at the ratc of exchlln¥t al ihr dalc of Ihc Iransfjctlon. Monelttry chonge pr¢voilinR ul th&1 datc. bdlaiice sh¢¢ly ai 11)r ratf5 ruling at the balancE sl)eel dale. bxchange differeiice5 arising Dn ITan51alioii of IliE upcning nci assets ttiid re5LI115 of ov¢rb¢u& upci'alion5 Hre r¢poried in oilier coffiprelien$ive irt¢Diiie Oihcr cxclillnge differ¢tr)¢es are recosnised ltt th¢ statement or rinonoiol aetivlii¢s in th¢ period in whicl) Iliey ri%¢ ¢x¢epl foi.: 11 excliaiig¢ diff¢ren¢¢s on transacliolls ontered into to liedge certain for¢igD currcncy ri%ks (scc abov¢l', 21 ¢xchunge dilT¢T¢n¢¢$ 4Tl3lll8 on gllins OF lo$5 noTh.rngnrtDry itrm& whi¢h ar¢ i¢coBni5cd in other ccinprelieiJsive iii¢oin¢'. and 31 in the case of tlie ¢on%olldated flnonelal stamments, ex¢haog¢ differon¢¢s on nioLOtary items rcceivable froin or puygbl¥ lo a forci¥ii opcralion for ivliicl) sciilcmciit iiciilJcr pluiincd nur likcly lo vcLiir Iili¢i¢fore formiliit poll of the iiei invesmi¢nr in th¢ Ioiristn op¢r41ionl, wlii¢li ar¢ I'¢¢ognised in tsiher coiiipirhonsive incomc and iYporl¢d und¢r eqttity. Fund Sfruclure UnrLs11'ictEd incornE fiinds are 8eneixl flinds that are available for usc al tlie tiiislccs's discr¢tion in furili¢i'xncc of die obj¢cliv¢s of Ihe ¥hAri¢y, Flnon¢lul in5trumelltJ Cluyts'l]l¢ullon Finan¢ihl asscls and fInanGitIl liabilitie5 Hre rc¢ognised when lh¢ ¢hariiy b¢¢oJne8 u party lo tlie coniruclur¢l ppovisions of Ilie in$irunienl. Fin4nLial liabil&tlCs and equity inslliJLiients aro cla5sificd ¢cOrding tu Ih¢ 8ubs'ion¢¢ of ilie coiitrociuol ari-UilUTciiicnls coiored into. Ali cquiiy i118lrumciil is wiy evntrJGt Ihjt cvid¢ii¢c5 N r¢sidug1 iDlcr¢st in lh¢ &bsL415 or Puge 14
Beto Ch4rlt4bl¢ Trust known % Beth ChAritable Trust (CIO - FoundAtlon} Note5 to the Financial Statements for the Year Ended 31 March 2024 Re£.1111101l ni¢ftsiir¢iiitiil All finuiJ¢ial as$rl¥ and liobilitioi 4r0 initiully JllCa3UTed at tran3actlOll Price (incliiding trBn$Tr¢lion ¢05191, ¢x¢¢pt riii&iiciiigk Irans#¢iiDn. If an artang¢tncnl consliliite5 a finanGing ttHn5oclion, Ihc fin8H¢iBI &ssei or finun¢iJl liabilTrty is iiieosiired fji Ilie prcseni valuc of 11)¢ future paym¢iiis dlseounted at a mark¢t Ile nf inteies¢ for A Finun¢iul asscls and liabilities aro oiily otyset in the slotement of flnancial posltion when, and only wh¢n Ihcr FinanLial a5%rls arc dEiccogniscd wliEn und only wlicn Bl Ihc conliaGliial ii¥l)1.s lo Ih¢ ¢osli nows froin ilie fiiittncial asset expii'e or ure yettled, bl the LhuNty li'on$fers 10 Anotlier party sub$tsnttJlly all of thc i'i5k$ ond rrwards of Own11P Of the fjiiancial asscl. or cl thc chaiily, dcspilc haviJi¥ irlaiiJLd s0111¥, bui noi Hll, $ikmificani iisks and r¢ivArd of own¢r¥hip, hA8 IrNn.qf¢rred control of tlic ns8¢t lo gnoiher poi'ty. Fi11411cial Ikttbililies ar¢ derccobrnld oi)ly wh¢n Ilie obli¥alioii $pecifiLd in Ili¢ ¢onlru¢t 18 di.Icharged. coiicelled or cxpir&%. Page 15
Btta ChArlt4ble Trust known as Beta Chorltible Trust (CIO- Foundatlon) Notes to the Financlal Stotements for the Year nded 31 Mareh 2024 DehilnslriiNiÉiits Debt Ill$lruTnciits wliicli m¢¢t Ilie following conditions ale subiequ¢nily I44$U1 41 amoriis¢d eoAI using the cffeciive inleresl rnclliod.. lal The COntyO¢iu81 tctutn to IIiE hold¢r is {)) & fix¢d 4mounl: lill a p051tive fjxed raiE or a posilive variable i¥itr', or {iiil a coiiibixorioii ora positive or a neg&liv¢ fix¢d rrtte and a posltivo variuble ITI¢. Ibl Tht Gollti'acl may prDvrd¢ for i-ci?ayincnl3 of Ilic PTincii)al or Ihe ItIlM 10 Ili¢ liold¢r {biil 1101 buth} 10 be linked to a sinLTrlc relevant obseivable indcx ol- gcn¢rul pricc iDtlalion of the currcncy in whicli the debt insknTniciit is dLiioininai¥di providcd such liiths are not l¢v¢i'ag¢d. Icl Tlie coiiii'uct MAY provide for a deterinlnjble varioilon of the relum lo Ihc hold¢r dlirin th¢ lifo of tli cvenix oihcr Ih&n111 ll rliangc of ll coiilr4cttial variable I'ale: {21 ro proi¢¢i Ihc hDldci- ug&inii ¢Tcdil dclcrioi?tioii of Ilib 15suei 131 clidiiii¥b in l¢vics applicd by a central bank oi. arisiJiB froin cli&nL(os iffi Iwlevanl Iuxdlivli ol imw; or {iil Ilic ncw rate is niai-k¢i liltc ofint¢r¢s1 And 5rilisfics condition l&l. Idl Tlicre is tto ¢oiilrnbliJal provision that could. by IL% terills. rÈsulL ij) llio hold¢r losiiig tho priiieipul m0nI or ny inl¢ie51 atttibutablc to thc ¢iiiT¢iii p¢riod oi. Pi'iC>r pcriod¥. 1¢) contrac81 provisitrns Ihal pcmiit Ihc i¥%u¢r to pirptty a debt In$twmeiit or peimiit the holder to pul li buck lo in levi¢$ opplicd by a central baiik oi. 2ri$in8 ti'oin ¢liong¢$ in r<l¢vunl Idxsilion or law, Ifj Comtruclual provigions ii)4y p¢I'l1t the exte118i¢)n of the term of Ili¢ d¢bi inslnim¢nl. provtdcd Ihot th¢ rgtLii lo Ilie ljolder aii<J oiiy oih¢r conlrtciual provisions applicable during die extended ieriii &ati$fy d)e condiilons u1- parngrapl)s Irll lo {cl. Debi inglruineiils thal are clos%ified gs piyubl¢ or Ir¢¢ivablL Wlthin on¢ y¢&r on iiiitial Tcco¥nilion uiJd ivhich mrot die abov¢ ¢ondilion¥ UTC Tnca5urcd at the undiscountcd umount of tlic cash OT Qther conside1tIon expe¢t¢d Ill b¢ paid or Yee¢iv¢d, ttei ol itnpairininl, With the exception of Som¢ h¢dgin¥ instruincnls. otlicr dEbt InstlMentS not rnceling tl)e5c conditions 01 nieasiircd lll fail. valLie djrouul) pi'ofit or loss. ComJnitsnciils lo mukc and re¢¢iv¢ loans which m¢¢1 Ihc condilion5 nicnlioncd abovc arG mca5urcd ai co81 (wlii¢li n)uy bc nil) Ics8 impainiieni. lJivtrsliN••its IJJi'cstnient% in iioti-cvnvertibl¢ pi¢f¢rence slillr¢s 8nd non"pullRble OTdinary or PT¢fcrencg shares Iwliere %liures ai'¢ piibliLly tradcd or their fllir volue is irllably nieo*urnblel Dre nieh%uied ht f47ir vulu¢ Ilirough profli or loss, Whcrc fail. valu¢ ¢annoi be In¢&siired rcliablyy invcslrncnl3 are rneasiired ai L051 less impairment. Invc¥tt7ieiits iii $ubsidio1'ie$ and &550eiaies Are rnehsurcd nl coyl Icy% impnirment. For invcytmcntB in sub5idittrie8 acquired for Fon5ider4lion including Ilie issue of %liore% quolifying for iiier8er reli¢f, cosi ix iiieg.%ur¢il by rcfcrcnct to the tt¢JMiii&l vlllue of the sh&r¢s issu¢d p1113 f8lT vMlu¢ of gihgr ¢gn5id¢rulioD. Any pr¢tlllUnl T5 igiiored, Pago 16
Beta Cliarltable Trust knoTrvn as Beta Charltoble Triist (CIO - Found#tlon) Notes to the FlnAnti41 Statements for the Year Knded 31 Marcli 2024 DeYlvNiliigJlii#NclNlliis1rré1eJIls The tliarlty L18Cli d¢rivAtiv¢ finHncial iT)StruTncnts to I'educe exp05ur¢ to forelgn excliangc ri$k uiid inleiwl rAI¢ mov¢mcnls. Tlie Lli&iiiy do¢s iivl Iiuld or tssllL drrivaliv¢ financt&l inytriimen15 for spucul#liv¢ piirpusi5. D¢rivhliv¢s are inliially reLo8nis¢d 41 f#ir v4lu¢ at ihe datE 4 d¢rtvalivE conira¢i is ¢nl¢Ted inlo und e 5111>8¢queiiily rttmea5ured to tlieir fail, volue at ¢acli reportinB date, The reguliiiig gaitt or l¢)ss is I'¢¢oghiscd ii) 51ulempni or riii&n¢inl a¢iiviliE5 irninediatEly unles5 thc dei'ivatiye is desi8iiatcd and effeclivc a5 a lied81118 in51rumMt, in wliich oveiit the timinu of the rwotsnition in yl#l¢m¢nl or rTnanci•l o¢livilie3 depends Ilir nattii'¢ of ih¢ hrdgc rclationship. Thc bcst cvidciicc or rair vali1¢ is A 4uoled PTiC¢ for Idcnlical asscl in an aclivc murkrl, When quul¢d priccs Te unavuilablc, the prict of a Ircettt tran9action for in idonticol a55et provide8 evid¢n¢¢ of lair value 0% long hs Ir8nsEcliDlI took pluce. Ir Il)c mlli'kei 13 iiDI ll¢live 8nd r¢¢¥nl lrnll%a¢lions of nn i(l¥iiiical o%$¢i Dn ilieir nwn dr Iioi a good cstirnalc of fair valuo, the fats. Vll0 is 0st1tad by usillg o valuition techiixque. 2 In¢omo from dDnatlons log*clo5 Unrostrl¢t¢d fullds funds R¢¥ti'lcttrd 31 M41r¢h 2024 Generthl Perm4nerbt Doi)alions and legta¥ies'. Donnii01is from individuals Gift uld r¢glr¢iin¢d 1.893,376 14,270 262.474 2.470,000 4,S25.850 14,270 1,907,646 262,474 2.470,000 4,640,120 3 lty¢om¢ froin charl1bI¢ nctlvltlo8 Toial JI MDrcb 2024 17
Beta CharltAbl¢ Trust known A5 Beta Charitable Trust (CIO- Foundation) Notes to tlie fi inancial Statements for the Year Ended 31 March 2024 Endoivment funds Total 31 Mttr¢h 2Q24 RosttI¢d fltnds PermRnent Advoncem¢nl orU¢tion Rclicfof pov¢ily Prts¢rvatioii trfhoalih Pci'iii4ii¥nl ¥ndowrnLnl 60,406 181,972 20,096 6U,406 181,972 20,096 2.47n OUO 2.4711.000 262,474 2.470.000 2,732.474 4 Inve$tmont in¢orne Unre¥tri¢i¢d lunds Tolul 31 Imllrclj 2024 GEnErnl Iiiiw'esl r¢Leivablc and siinilar iJJcome' Jnt¢1¢5l rLYeiv&ble on bank doposils 104,095 104,095 5 Eip¢iidlture elioyltobl¢ fjctlvlt1¢5 Unrestri¢fed Rcstrlcted 31 Mur£h 2024 G¢D¢ral Advan¢ein¢nt of edu¢alien Reliifof pov¢ity Prescrvolioii ofii¢#lih Gov¥mineiit cost 357,964 464,128 387,112 1.500 60.400 181,972 20,090 418.370 64&,100 407,208 1,210,704 262.474 1.473,178 Po&po 18
Bet# Ch&ritable Trust known Betu Charitable Trust (CIO- Foundlltion) Notes to the fllnanclal Stotements for the Year Ended 31 March 2024 Total 31 Mlli'ch 2024 6 Other expeNdlthro Uni'¢$tri¢t¢d ruod5 31 fvlurch 20Z4 Geiierml Allocar¢d suppo11 ¢0$18 12,324 12.324 12.324 12,324 Png¢ I
Betn ClIAI'ltable Trust known as Beta Charitable Trust (CIO- Foundatlon) Notes to the fiinancial StAtementi for the Year Ended 31 March 2024 7 Analysls of %owcrnRnce niid Support co$t$ Cli4rli#ble Attlvltl¢s oxpeiidilure Unrestrlctcd fund$ Totul 31 IL larch 2024 Bll5rs of Allo¢Trllon GerberHI 6,192 568 2.593 718 2.361 (108 0.192 568 2,593 718 Web de8ign and hosting Sundry cxp¢n%es Legal exp¥n5C5 Foreisii ¢urrMcy IgttiDsIIIossc$ 12.-324 12,324 Gov¢riiance costs Unrestrlcted fumds 'I'otBI 31 Miir¢h 2(k24 Conernl Audlt fees Aiidil of the finan¢ial stal4inertts 1,500 1,500 1.50Q Trustees r¢miiner4lloh and expense5 No Iiu5tces, nor any porsoi?s ¢onnv¢l¢d witli Ihcm, hLtVC Tec¢ii'cd relnunoitlOI7 from th¢ ¢hurity durinK Ili¢ YCQT. No ii'usl¢¢s liavr recoivcd Èny reimb11rscd cxpoi)ses fruin Iho ¢hurily duriD¥ th¢ y¢8r. 9 Audltor$' rtmunerxtlon Y¢thr ¢iidcd JI Mwi'rh 2024 Audit of tlie financial slat¢in¢nLq 1,500 Pa8e 20
Beta Charltllble Trust known ns Betm Charitllbl¢ Trust (CIO- Foundatlon) Notes to the Financial Statement5 for the Year Ended 31 March 2024 10 Tnxotioii Th¢ Llinrily is a rugistcid eliority wid ib tlierefoir ex¢mpl IroLX laxtion. i i rilxed #sstt Inve¥tmtnt$ 31 Mai'¢li 2024 Invc51mcnt pYop¢il1¢8 2 31)5 708 Investmeilt prop¢rtS¢s Invc5tment properlle Co$t or VHluntlon Addiiian 2 395,708 Provlslan Al 3 1 M¥rch 2024 P4¢1 bk value At 31 Mur¢li ?024 There lios b¢on no VAlt4aiion ef ii?vc%lmtsnl PTop¢riy by an ind0pendl valiicT. 2,395,7Q8 12 Dobti)rs 31 Mgreh 2024 Pi'epuymcnt5 Oilier d¢btors 21,050 3.1.463 13 Creilltor5,' #mounts f#lling due 1th1 one yeir 31 M&rch 2024 Othci crcditors A¢cruals Pi¥c21
B¢tA Charitable Trust known AS Beta Chllrltsble Trust (CEO- Found4tlon) Notes to tho finanelal StAtements for the Yeir Ended 31 March 2024 14 AJi4lyslg ofn¢t I55Ct5 bctweeii fulld$ Uhr¢5trltied Yund5 G¢n¢ral Totnl funds Fixed assct iiivestments Curreiil a5$¢19 2.395,708 886.170 23.095 2.395.70& 886,170 23.095 Toinl nct assets 3 258 783 3,258,783 IS Relat¢d pii'ty trDnsTrctlon$ Th¢T¢ were no i'elat¢d PArly tr#nyu¢iions in lh¢ y¢ur. PA8¢ 22