Charlty Rog15tratlon No. 205826
THE BEAUMONT CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 MARCH 2021

THE BEAUMONT CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trust¢e$
R J Kerr (Chairman)
M J BrditlMait8 (VIGe Chaimian)
EWHClark
Mrs L Phillips
Cllr Mrs Y Mobbs
8 R Ambrose
G H￿MeS
E Henshaw
Charlty Dumber
205825
Indppgndent examlnfrr
mO￿e (Souih) LLP
33 The ¢18T8n￿ CPJ
Sa118bJry Bu8lness Pwk
Dairy Meadow Lan
Sallsbury
Wiltshira
SP12TJ
B8nk0rn
HSBC Bank
81 Tumers Hlll
Cheshunt
EN8 9BA

THE BEAUMONT CHARITY
CONTENTS
Pagg
Trustee8' repjrt
Slalomenl of TNstoe8' respon8ltslltl88
Independent exomlnee8 rewt
Slatsment of flnan¢lal aGtlvlb88
BalarTh shael
Notes to the Ilnanck818tatemenls
10-23
Property Revenuo ￿ft1
24
Income and Expendlture a(￿int
25

THE BEAUMONT CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 25 MARCH 2021
The TnJsloo8 present their reFort and financid ststements for thè year ended 25 March 2021.
The ffin8nclal Statements have been prepared in 8c¢(JrdanGe with the accountlng policies set out In note 1 to the
nancial statement5 and comp4y with the ChariV5 Trust Deed, the Charitsè8 Act 2011 and Accounting and
Reportlng by Charities.. Ststemenl of Recommendod Practice applicable lo chan￿eS preparing thelr accounts In
8ccordan¢e wffilh the Finandal RePC￿lftg Standard appI￿Able In the UK and Reput41¢ ol Ire18nd (FRS 1021
leffectsve 1 January 20191..
The Trustees during the y88r and their appolnting *thore apFrydatg were..
Elected
05115
Elected
02198
Elected
06118
Elected
11190
El￿ted
05104
Borough of Bro>boumo
08118
Elected
09119
R J Kerr Ichalmianl
M J Br?dthwaits (Vic• Chairman)
B R Ambrose
EWHClark
Mr8 L Phllllp8
Cllr Mrs Y Mobb6
G Holmes
Church VacanGy
Rev Eugene Henshaw
11119
MISS L Ru3$011 (Clork & Recelverl
nted ty the Twslees 1 Jung 2018 and
r8talned M a monthty fee
structure1 govern•nce and man•gem•nt
The Charlty's day-lTrday busln8ss 1$ C￿rdInated by thg C16rk and Recelver and 88 approwlate, In consultation
with the Chalrman. The Boar(1 of Tru8lee8 meet on a quarterty basls lor more frequently sf needed) lo dl8cu8S
the Tru81'8 affairs. In sddllion, a Finance CMimitte8 ¢omprising of R K Korr, M J Brailhwaile, B R Ambro88, E
W H C13rl( and the Clerk and Recelver meets quarterfy to review the Chadty's budget and financlal posllion.
The appolntment of th6 Tru8tee$ Is govemed by the Scheme of the Charlty comm18s1￿ dated 19 Aprti 201)4
(the present sch6me). Thor8 should be two norninaled Tfusteeg and seven G¢xipted Tru8tee8. The nominated
Trustees must be alacted by the c￿n¢11 of the Borough of BroxbcyJrne. ne8d not be a member of the Coul￿11
and ere appolnled primarily fw four years. The wwed Tnjstees ara elected at ordlnary me6Ongs of the Trust
and once oppoinled shall be entitled to hd¢J office for lrfe.
Tha Tru81908 aro given tralnlTrJ If reques￿￿ arKI a ttend relevant courses and semlnars as appropriate to thglr
rolo wlthln Ihe Ch•rfty.
Ther0 18 currentty one Trustee vecancy. and a secrThJ Trustee wlll be retirfng thls year. The vacanGy 1$ belng
advertised but $0 far ￿thout su¢ce88.
Tho provlslon of almshouses In Cheshunt dates back to 1624 when lang James I paid the sum of £500 88
cornpensation lo the parfshioners of Che$hunl for a larg& ￿eCe of Cheshunt Common he wshed lo acquire to
eXt￿d Theobalds Park. £320 of thi$ sum ￿a9 used to purcha8e farmland in Nazeing. The r8maining £180 was
used to tryjild ten almshouse5 at Turner's Hlll kn poor widow3. In 1797, it may be ol Interest to know that the
rent from the lease of the farmland in Nazeing and income from other charrfes was able to provlde the 10
wldow8 Wth tho princ81y sum of 4 guineas every quartsr, hdf a cauldron of ¢oal a year and 6d a week each in
breadl
The Charity also owned almshouseg 8t Splttallyook in Waltham Cross ￿lch were demolished when the M25
was builL The compèn8ation, together with a loan (now discharged) frcffi the Houslng Corporati￿, enabled the
Charity to bulld 12 flats at Hom8l&gh Court in Cheshunt.

THE BEAUMONT CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
It 18 not known how the Beaumont Charity got its name. but the conl￿ture16 th8t it aros8 from the princlpal
parts of the lands lylng at a ￿a¢0 Called Beaumont Gmn. and 'rt Is w8s1ble that th8 lords of the manor of
Beaumont were benefactors lo and promotern of the ChwW.
The Beaumont Charity Is regulated by a Stheme of Ihe Charlty Comm16sioners dated 18 Juty 1950 as affect
by 8chemes of the Commis8ioner8 of 28 Apil 1959, 11 January 1968, 7 Mar¢h 1980 and 19 April 2004 Ilho
present scheme).
The regl8tered addres$ of thè B88umiJnt Cherity b 18 Landmaad Road Cha8hunt Herts EN8 9HP. The Charty
reolstraJon number is 205825.
Admlnl¥tratlon dots118
The CharlVs bankér Is the HSBC Bank at Tumars Hlll. Chgshunt
The Ind6pend8nl ex8miner is Am Methias, Chartered Accountenl, Moore (South) LLP, 33 The Clarenrjon
Cantr8, Sali8bury Buslness Park. Dairy Meath¥ Lane. Sa118bury Wltshire SP12TJ.
Obl0Ctlvo8 and actlvltles
The Charfty ¢onllnue8 to provisJo accommodatlon ts resklents of Parfsh of Cheshunl who are conslder8d lo
be In need, either finan¢ially or socialty, and who are not bss than 60 years ol ago lexcepl In Special case8 to
be appolnled by the Commisslonfrrs). Th8se provi80s wer8 8mended at a meetlng of the Trustees In May 2013
lo Include Cheshunt re8fjd6nls wkno had movod away and wanted to retum and also Choshunt resld¢nts who
wanted lo mov8 tholr elderly parents into the area lo provide fomlty care. At prosenl, the Charty hag 38
ImshouSe￿aIS sltU8led al Tumers Hlll and Homelelgh C¢)urt In Chgshunt wlth a paid warden at each ￿19 In
accommod8ts.on provlded by Ihe Charity, maklng a toial of 40 ￿￿denCeS owned by the Chartty.
EaGh r￿Ident pays a WOe￿Y contrltArtlon towards tho malnlenm and es68n1￿1 88rvl¢&s of the Proper￿8$ and
a eontributlon tOW8rds the ¢ost of heallng 8nd lighllng. At U)&lr February meollrty, the TNslèes, follovlng an
equitable faSr rent review, 8Jreed ¢onlribution8 were too low and relied loo mu¢h on inve81ment Income to
malnlain the resldanc88 and grounds to the starKJards expecte(l. It was theralore agreed that there would be an
Increase across the residences of £8 per week. Th18 would be rounded up lo remove cJrrenl pound8 and
pence c¢nthbuliw8 caL189d by percentage-based incre8se8. The gas contn"butions at Homelelgh Court were
kept the s¥m8. Tho electricty char9e at Turners Hill was Increased £18 to £20 per wegk for those in Sole
o¢¢upation. Analysls of Indivldual prop¢ty consumptlcffl showed those Fryerbe8 oc¢upled by cr)uple8 Uged
more eleclrlcity. The el&triclty payment for those prop&lles w85 Ihwefore ra18ed to per week.
A¢hleYemonts and p¢rfornian¢e
The latest quinquennial report was prepared on all properti88 in 2019r20. Thls report identified 88verdl minor
maintenance Issues and recommended improvements which are boing Implemented as far as po&slble. Routine
malnlenance and cycliGal work have made slower prcoress than ts)ped because of Covid restrictions and the
limiled personnel re80urces the Chanty has Io carry OLbl maintenance work. The Trustees are in the process of
r8cNIUng a maintenance worker to drive Ihis programme to￿ard.
A 81gniffl¢ant numbw of properfes h8ve become va¢anl durirvJ the last tbwj years.
These havo been
refurfoi8h8d, often induding a ww balhroom or kitchen or l)oth and redecoration including naw carpels. In
addiuon substantial work ha8 takon place at l)olh sites to improve tho grounds, removing overgrown shrubbery.
Installing moblllty buggy sheds. new fencing, and new paths. Part of the work lo create a new bin store at
Homeleigh Court has been com￿01ed and fvrther vKJrf( V￿11 take place next year lo mak8 the front garden
aGc8ssibl8, create more parking, a safer forecourt and improve li9hOng and $8curity.

THE BEAUMONT CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
Flnanclal r•vlew
Th8 attached financial statementa show the wrrent stale of the financ88 which the TnJsle8s ¢on6ider to be
sound. Revenues have decreased slightly beoause of the Tedudlon In dividends recelvwj from investsnent8 du8
to the affect of Covif&19 on financial markets. specif￿ pdKie$ establlshed by Ihe TNstee$ are set out below.
Investment Pollcy
The Ch8rity8 investment pollcy18 generalty T￿1 to allow interest and dlvidénds from investments to accumulate
twl to use them in Iblfilling the Charity's 0￿.eCtives. Income is credited 10 the appropriate fund. Th& TruBtee8
revlew the performance of the Charity's investments at each Flnance Commltteo meeting and, as explalngd
above, ensure the portfolio18 managed luthdwsty.
R¢sorvu Pollcy
Reserves are spllt Into pemianent caplt811£378.890), rgV8nue re$￿Ve6 1£2,188.540) and re$tTlcted res•rve¥
{£291,421). The p$rmanent capltal represents fvnds that musl be held perman¢ntty by the Charity. It represonls
proceed8 from the sale of endowed pro￿rtY and sharts. Tho peman6nt ca￿tal shown in the Finand
st*emont8 88 Pemiangnt Endowmenl Funds, wa¥ usèd lo finance p8rt of Ihe freehold land and bulldlngs.
Revenue Reserves Shown as Unrestricted Funds can be split as repr886nUng part of the freahold Ignd and
bulldings and general reserv¢8. The genoral reseNe3 are used to fund the daY-l(￿daY operation of the Trust
and malnlain re$oNes for unexpectedldlsasler reGovery event$. Thes¢ funds aro Invested In Bdfj8h
Govemment Stc¢ks and offici•l chartty inveslmenl fvThJs thl¢h can be e88ily roallsed,
Th8 designated r85erves shovm as Re$lrbcled Fund3. are tho Extr￿Inary Répwr Fund repre8entlng amount& /
sèt a¥lde to Garry out major ￿paIT8 and Improvements to the propertlas and a Cyclicol Maintenance Fund
deslgnèd lo even out the cost of Intemal and exiefnol repalr8 and refvrLlshment of the propertl¢s. The amounts
Set a8ide annually from Unre8triclod Fund8 fdlow, In the main, the recommendation8 of the Alrnshouse
A8sociatl¢)n and are deemed to be adequat•. Bolh funds aro held In the Natlon81 Alm¥house Ass￿1&￿0￿
Common Investment Fund.
Prfn¢lp41 Rlsks and Un¢ort•lntlos
All ri8k8 lo the Charity were again revlewed in 2020r21 8r¥J r18k managèment continue8 to focu$ on every
aspect of the day-to4ay $8fety, m8inlen8nce and runnlng of the properdes •nd their ground8 at thg 1
Ioc8Jon$. The ongolng attentlon of staff, involving one resklent W8rden and a scheme manager ov¢r8een by
the Clerk to the Trustoes. i¥ a kgy Part of the Tru3lees' strategy to achieve tt￿Se 04'ectives. The fi￿ inspection
report Idenllfied several risks. Work 1$ Th belng undertaken lo address these issu￿. Malnl8lnlng inve81m8nt
income al a Ime of unusually low interest rates 8nd volatsle invesknent markets 18 a major uncertainty that
contlnues lo be r¢gul8rty reviewed by the Truste89. Increases In contribubons In 2020f2021 were In part to
reduce the rall6nce on Invoslmenl irKomg.
Publlc Bonglft
The Trusl¢e8 acknowledge the duty to havè du8 Tegard to ts Charfty Commission's publl$hed ganeral and
relevant 8utrsector guidanco on public benefrt.
Al acuwueg undertaken by the Charfty are for the publlc benefiL Wth 8 f￿5 on provlding accommoda￿[>￿ for
those residènts who are considered to be in need, either ffinancialty or soclally. the Charity's operallon Is very
mueh geared to providing benefit to the Ioc81 G(xnmunity as Is ￿ghlighted by the a¢lNitie8 reported herein. Thi8
11 also Gontinue lo be central to its futurn plans.

THE BEAUMONT CHARITY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FQR THE YEAR ENDED 25 MARCH 2021
The Truste68 ar8 respon8ltA8 for preparlng Ihe Tntstees. R8FthI an¢Y the finandal Statements In ￿ordanCe ￿th
applicabla law and United Kingdom A¢¢ounting Standards (United lQngdom General￿ Accepted Accounting
PraGtiGe).
The law appli¢atAe to ¢harftle8 In England and Wglos requires th¢ Trustees to prepare finan¢lal stglements for
each financial year whi¢h give a truo and faif view of the slaie of affars of th8 Charity and of the incoming
resources and application of resources of the Ch8rity for that year.
In preparfng these financlal stslemen18. thg Trustees are requlred to..
. 8819¢l suitable aGwunting pollths and then appty them rJJn8iStenUy,'
- ob88Na the method8 and prtnclplès In tho Charitses SORP.,
. make ludgemerrts arKI esllmates that are ￿080n0￿e and pyudgnt
. otste whether appllcable wxountlng 8tarKlard8 have folk>wed, subject to any materlal departure8 d18¢1os¢d
and 8x￿alned in the financial Statem￿.. and
. prepare th8 flnanclal 8tatem8nts on the OrwJ concem ba818 urA888 1118 In8ppropri*8 lo pr68ume that the
Ch8rity VAII ¢onUnu& In op¢rnUon.
Tho Trustees are r88wn8ibL9 keeping 8ufficienl aCc￿ntirrfJ record6 that disclose reasonablg a¢cura¢y at
any time the ffinanclal poslllon of the Cherity and ena￿? Ihgm to ensure that Ihg financial $181ement8 comply wlth
the Chorllles Act 2011, the Charity (Accounts and Rep￿ts> Regulats'ons 200e and the provislong of the Trust
Degd. They are al80 iesponsible for 6afeguardiro the assets of the Charity and hence for taking rea8onable 81ep8
for the prevenfjon and d81ocllon of fraud and other I￿egUlarities.

THE BEAUMONT CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 25 AIARCH 2021
Plans for Futur• Perfods
The Trustees will continue to maintain the woperlie3 In good order and lo maintain full occupancy al an
affordable contribuuon from tho residents and throL4h careful management of Investment8 lo en8ur8 the long
term comfort of (￿¢￿pants.
Koy Managomfrnt Romuneratlon Pollcy
Tho Truste68 ar• mgarded a8 th¢ key management of fv Charity. Thèy did not receive r6mun8ratlon or
benefits In klnd.
Golng Concom
The Trustees 88se$s whetsr the u8e of golng 18 8pprowi8te. 1.8. vth8th8r there 8re any materlal
unc¢rt8lntigs related to evenl8 or ￿￿￿tiOnS that may cast Signfficanl doubt on the aknllty of the Charity to
continu8 a8 a going concern. The Truslae8 make t￿8 8s8e8smgnt in rasp8cI of the p8ri0d, one year from Ihe
date of approval ol the fin8ndal staiernents. The Trustees cortlud8 that there ara no material uncertaintles
aboth the Charity'8 abllity lo eonlnu8 and accordingty the financll 8talemtr)ts are wepared on a goiNd concem
b¥818.
heT
8, report was 8pproved ty tho Board ofTnAlee8.
JKorr{
Irman
alm￿n}
the Tru818es of Ihe Bogumonl Clwrfty

THE BEAUMONT CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BEAUMONT CHARITY
Usè ofmy report
This report 18 made soiety to the Charity's Trustees. 88 a t￿y. in xcordance wth Chapter 3 of Part 8 of th
Charities Act 2011. My examination has been uThJertaken so Ihat I might state to the Charity'$ Tru$teg8
tho88 matters l am requlred to state lo them In an Independent 8xaminerfs ieport and for no other purpose.
To the fullest extent ￿M)Itted by law, I do not 8ccept or assume re5ponslblllty lo anyone other than thg
Charfty and the Charity'$ Tru8teè8 a8 a Lty. for my examination, fof thls report, or for the oplnions I have
ft>rmgd.
Ann Malhla$
Chartered Accountant
33 The Clar8rKlon Centre
Sali8bury Businèss Park
Dairy Me8dow Lano
Sallsbury
Ilshlre
SP12TJ

THE BEAUMONT CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BEAUMONT CHARITY
I report lo the Trustees on my examination of the fin•Kial statements of The Beaumonl Charity (the Charity)
for the yoar gnded 25 March 2021.
Responslbllltles and basis of rgPOrt
As the Tru51e8s of the Charfty you arn re$pcfflwble for tha weparatJon of the financial stslements in
accord8n¢e vlth the requirwnents of the Charilies Act 2011 [￿ 2011 Art).
I report In respect of my @￿Ination of tho Charlty's fftn8nc￿1 statements carried out under sedon 145 of Ihe
2011 Act. In ¢8rrylng cArt my ex8mlnaUon I have fc4lo*£d ￿1 ￿ a￿l¢ab]e Dirxtlons glvan ty the Charfty
Commi881on undw sècllon 14515}Ib) of the 2011 Act.
Independent examlnovs ststement
Your attontlon Is drawn lo the fsct that Ihe Charity h88 prepared )InancW 8tst8menl8 In o¢c￿danc0 vrith
Accounting and Reporting by Chariti88 preparing their Ke0￿)IS in accordance with the Financial RèpottThJ
Standard appllcabla In the UK and Republlc of Ireland {FRS 1021 In preference to the Accounung and
Reportlng ty Charftie8.' Statement of Recommended Pr￿￿Ce Issued ￿ 1 J8nuary 2019 whlch is referred lo
In the exianl regulali¢XI8 but has now been wttKlravm.
l understand that th18 has beèn done In order finarKial ststem8nts to provide 8 tru8 and falr vlew in
accordance wllh Genw8lly Atteptsd k¢ountlNd Practke effective rewung pe￿0￿9 beginnlng on or after
1 January 2019.
I have completed my examinatIc￿. I confim) that no matters havé come to my attent1￿ In conn8ctlon wlth the
examlnats'on g￿Ing me cause to bdiove that in ary malen81 re8P8Ct'.
accounlng re¢ord8 were not kapl In Tespact of the Charlty a8 required ty saclon 130 of the 2011 AGt,' or
the flnandal statements do not a¢Mrd vlth those rwdi,. or
th8 financial slalement8 do Tr)1 ¢omF4y with tho 8prAicabl8 requiremants ¢oncgming the lom and
cont¢nt of a￿ounts set out In the Charftses {Ac¢ounlS and Report81 Regulatlon$ 2008 other than 8ry
requirement that the a¢¢ount8 gNe a Iwe arrfj fair view whlch Is not 8 mattar con8ider8d as part of an
Indep6ndent examlnatlm.
I have no ¢oncgm$ and hav$ como across Tr) other matters In connecllon vlth the 8xamlnaUon to whi¢h
attention should b8 drawn in thls report In ordtrr to ena￿8 a proper undarstandlrvJ of th? financial statements
lo be r¢ached.

ow
* Ir•

THE BEAUMONT CHARITY
BALANCE SHEEr
ASAT25 MARCH 2021
2021
2020
Notss
Flxed assots
Tangible assets
Investment8
11
12
1,032.030
1,775,432
1,032,030
1.663,703
2.807,462
2,695,733
Current assots
Debtors
Cash at bank and In hand
13
2.078
61.875
2,135
63.039
63.953
65.174
Crodhorn: amounts falllng du6 wlthln
ong yoar
14
(14,564)
{8,9661
Not current a8Set8
49.389
56.208
Total as80ts current11gbllltlo8
2,856,851
2,751,941
Capltal fund8
Endowment fvnd¢- oenernl
Incom8 fund$
R881rtcled funds
Unregtrfcled fiJnd8
18
378,890
378,890
17
291.421
2,186,540
284,915
2.088,138
2,856.851
2,751,941
The ffnanclAI statements were approved ty the Trust88s on .
RJKerr
Trustso
chaI￿an}
M J 8raltfv￿ (Vke Chalrmanl
Trnstse

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 MARCH 2021
Accountlng pollGIos
Charity Inforniatlon
The Beaumont Chartty Is an unincorporated charity. reg15tered In Eryland 8nd Wales. The r8gistered offiGa
address Ss 19 Landmead Road, Chestnut, Waltham Cross, EN8 9HP.
1.1 Ac¢ountlng Gonventlon
The flnanclgl stst8ments have been preparad In Ko)rdancvJ wlth Ihg Charlty5 Tru81 D8gd, the Charft1&8 Act
2011 and "A¢¢ounlng ond Reportlng by Ch8frti88'. Statement of Rg¢ommended Pra¢tl¢e 8ppIIc8bl8 10
charities preparing their accounts in a¢coidance ￿th the Fin￿￿￿1 RekKJrting Standard appliG8b10 in th8 UK
and Republ1¢ of Ireland (FRS 1021 leffecllve 1 January 20191" The Charfty 18 a Publbc Benefll Entlty as
deflned by FRS 102.
The Charity ha8 taken advantage tsf the provi8ions In the SORP for charftie8 apptylng FRS 102 Update
Bulleun 1 Th)t lo prepare a Ststemgnt of Cash FIry￿.
The financi81 statements have departed from Ihe Chaftbes {Accounls and R8port81 Regulaliong 2008 only to
the exient requirgd to provth a tNe ar￿ falr Vbw. Th16 departure ha8 Involved followi￿ the Statement of
Re¢ommend8d Pra¢d¢e for ¢h8rflles 8pptying FRS 102 father than the vers1on of the Statement of
Recommended Pra¢li¢e ￿1¢h 18 referred to In the Regulat￿)n$ but which ha& slnce b88n ￿thdraWn.
Tha flnanchg18tatem8nts arn In 8terllThJ, whlch 18 functlond ¢urrew of the cha￿ty. Mon•tary
amounts In these fflnartlfl statements ore rounded to r*are8t £,
The flnanclal Ststemants have be￿ yapa￿d under the h18tc¥kal cost eonvenlon. modlfied lo in¢lude the
revaluatson of treehold properties and lo indudè Investment propèrties and cartaln hnanclal In8trumen18 at
lalT value. The prfndpal acGountlng polldas adopted are set out below.
1.2 Golng Concern
The TTu$teg8' assess whether the use of gdng ￿n¢effl 1$ appropflate. 1.8. whether tha￿ are any m8lerl81
uncertainlie8 related to events or conditions that may east 81gnlficanl doubl on tre ability of the Charity lo
continue a¥ a golng c¢ncem. The Truslee3' make tNs assessment In respect of pedod of one year from tha
date of approval of tho financlal $tstsments. Thè Ttusleos, conclude that there are no material uncertalntses
about th6 Charity's almlity lo continue and 8wdingly the finanaal 818temenls are prepared on 8 going
concgm basls. They have ¢LYne lo this ttindusion ty 888esslng the culronl levgl of reserves; work1ng Gapltal
requlremenis and anll¢ipaled ¢c4nmitments.
1.3 Charltabld funds
The nature and puipose of each fvnd Is exp181ned in note 15.
1A Incom¢
Income Is recogni8ed vthen the Charity 1$ le9alty entiiled to il after any perforniar￿8 ccfidition8 have been
mel, tha amounts can be measured rdlably. and It Is prOba￿e that i￿ome wlll be r8cefved.
Cash don8tion8 are recogni3ed on receipt. other donationB are rocoynlsed once the Charity has been
nolllled of the donation, unless perfom)ar)rR conditlons require delerr81 of the amount. Incom& tax
recoverablo In r¢lallon to ￿C￿allOnS re¢8fved under Grft or deeds of covenant is re¢ognised at the timo of
th8 donation.
10-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
Accounting pollcles
1.6 Expendlturo
LIa￿lItIeS are rewgnls6d as expendllure as soon as there Is a legal or constnJG11v8 obllyalon commlttlng
tr￿ Charity to that expenditrjre, it Is prOba1￿e trhat 8ettlement wlll b8 requlred and the amount of the
obllgation can be m8a8ured rnliaw.
Al gxpendlturo Is Gharged to the Slatement of Finandal activiiles on an accruals bas]8. Incluslve of ary
VAT, vthlth cannot bo recovered.
Thè Charity has one ￿tIVity. being the provision and running ol the AmlK)use8. Al éxpen888 {including
govemance and support CDslsl are attrltrmthed lo Ihal charliaLla activity. All expenses are gllo¢ated dlrectly to
the applicable expenditure headlngs based on actual Involces recetvable. Support costs have b¢en
allocated between governan¢a costs and other cos18. Govemance costs compri8e all c08ts involving Ihe
publlc acGounlablllty ot the Charty and its comrAiance ￿th regulallon and good practlce. No expan8e8
rgqulre apportlonmenl bet¥￿en expense l￿dIng8.
1.6 Tanglble flX￿ a88et•
Tanglblg fixed 8$8els are Infttalty measured at ¢osl and subsequenty mea8ur¢d at CO81 or valu8tlon. net of
dgprecialion and any Imw'manl kn88e8.
Depreciauon 16 reccqni8ed 80 aB lo write off the cost or valualion of a88019 1888 their rosldu81 vdu88 ov•r
Ihelr useful live8 Cfi the follovAng ba89S'.
Freohold18nd and building8
FI￿re$ and ffitllng8
See below
10% Stralght line bas18
The g81n or 1088 adslng on the dlsposd of an a88et t8 determlnod 88 the dlff8rence betr￿on th8 salg
pro¢eed8 and the carrylng value of Iho asset, and Is rewwl8od In net Incomellexpgndllure} for the y88r.
11om$ c08tlng mLYe than £5rM) ar• Ca￿trIL88d and carried In ts balance $hoet al hlslorfcal cosL
A8 the propertles are m8lntsinèd In a Stats of fepalr such that ltsr estlmated r68kiual v8lue18 r￿t less than
their improvement or development c081, Ihe annual charge for dapre￿atiOn would be nil.
1.7 Flxed asset Investments
Flxod asset Investments are Inil'ally measured at transa￿ prlce excludlng tran$8¢tlon costs, and 8re
subsequenuy measured at fair value al each rewtsng date. Changes in fair value are recognised in nal
Incomel{expenditure) for the yoor. Trans8cUon costs are expensed 8s incurred.
All galn8 and 10586$ are taken to the Slalement ol FIn￿l81 AcllvlUe5 as they ar188. Reall$8d galn8 and
losses in investments are ¢alculaled as the ¢Jifference betsveen 8ale8 proceeds and their opening carrylng
value or thelr purcha8e value If acqulred 5ub$aquent to the first day of the flnancial year. Unreallsed gains
and1088e$ are calculated a$ th¢ dlffererKe be￿een the fair vdue at the ye8r end and their C&￿Ing value.
Re81ised arKI unr6all8ed Investment gains and108$￿ are ￿Mbined in the Statern8nl of Financial Activiti6S.
Tha Ch8rty doos not acqulre wrt opJon8, d8rfv8lfve8 c*other c(*nFA8x financlal InstNmgnls.
The main I￿7 of finan¢tal dsk faced ty the Charity that of volatility in equlty markets and Investment
markets due lo wider economic conditions, the attitude of investoryo to investment ri8k and changes in
senllmant Gon¢emlng equitles and wtthln partiadar sectors or sut￿SectOrs.
11

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
Accounung policlo8
1.8 Impalrn￿nt of flxed assets
At each reporting end dale. the Charity reviaws th8 caryirrfJ amounts of Its langlble a869ts to det8mlne
whether thern Is any Indl¢atlon that those assets have suffered an Impalm)ent ￿$$. If any such Indicatlon
exl8ts, the recoverable 8m¢)unt of the a888t is esllmated In (xder to d8t8mlne th8 Oxtent of the Impalrment
1058 Ilf any).
1.9 Cash and cash oqulval•nts
Cash and cash equivalènts inclLKfe cash In harKI, deposi18 held at call vAlh bank8, OtW 8hort-temi liquid
Inv8slmenls wlth ￿ginal maturfll88 of three months or less. and bank overdrafts. Bank overdrafts 8r8 shown
wllhln borrowing$ In ¢urranl Ilabilille$.
1.10 Flnanclal Instruments
The Chadty has elected to opply the Fro￿810nS of SaCtI￿ 11 'Bast Flnancial In8lrLment8' and S8¢don 12
'Other Flnan¢lal Instruments Issue8, 01 FRS 102 to all of Its finwKlal instruments.
Flnan¢lal Instrumen18 are reccynlsod In the ChadtY8 b818n¢e 8h8et vknen the Chadty bècomes party to the
¢onlractual pro￿81¢)n5 of the Inslrument.
Flnanclg14ssels and Ilablllues are offset. net amounts pr8senlod In the llnanclal 8latements, vthan
there Is a le9ally enfor¢e8ble rfghl lo set off recognlsed omounts 8nd therè Is an Intention lo setue on a
nel bas16 or to r88118e the a88et and 8ettle th8 liabilty 8imUltan￿USty.
Bas1¢ finanelal assets
Basic finanGlo1 a6s8ts, whlch Include debt¢XS and c86h and bank balan¢e$. are Initl8lly mga$ured at
tran$8Ctlon pri¢e Includlng tran8a¢tion costs aThJ are $ubs8quentty Ca￿led at amortisad cosl uslng the
effective inlerasl method unless the arrangement con91ilules a financino Iran8aetlon, where the Iransacllon
18 maasured at tha pres8nl value ol the future reGelpts dlscounled at a malket rato of intore8t. FIna￿l81
asso1$ ¢las8lfied as recelv¢Ne withln on¢ ye8r a￿ not amortis￿.
Baslc financial118blllUes
Ba$1¢ fin8nclal 118blliUes, Includlng credIt￿3 and bank loan$ are Inrtialty re¢csni8ed at Iran88Ct1c￿ pri¢e
unles8 th8 arrangement con$tilute8 a financing tranSaCt￿n, where the debt in8lrumenl is measured al the
esenl value of thè future payments dlscounl&J at a market rate of Intorgst. FinarKial Ilabiliile9 classlflgd as
payable w￿h1n one ye8r are not amorlised.
Debt In8truments arts 8ubsequentty Ca￿led at amorti80d c08t, using Ihe effective Interost rate method.
Trade creditor8 are obligati￿8 to P8y for goods or services that have been acquired in the ordinary cour8e
of operations from supplier8. Amounts payalAe are classiffwj as Gurranl Ilabill￿e8 if p8yment Is dua wlhln
ono year or less. If not, they are presented as r￿Tre￿[re￿I IK8biliUes. Trade ¢reditors 8re r&¢ogni8ed iniU81ty
at tr8nsaGllon price and subsequanty measured at amortised wst using the effectiv& Inler8St method.
Derecognltlon of fln8nclal Ilablllties
Flnanclal liablllles are derecogni8ed when the Charity'8 contractual oblig8Uons expire or are dlscharged or
cancelled.
1.11 Employe¢ bfrnellts
The ¢ost of any unused holiday entiuemenlls rec¢JJnised In the In the ¢mpl¢)yee's seNlce8 are
received.
Te￿inatIOn benefrt¥ are recognlsed immediatety as an exp￿Se whers the Chartty 18 demonstrably
committed to lern1￿￿e the employmont of an eMI￿oYee ￿ to provld8 termlnation benefits.
12-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
Crltlcal accountlng estlmats8 and Judgoments
There are no signifjcanl areas of ju(SJèmenl or key assumpts'ons that aff8cI items in the financial slalem6nt8
vllh respecl lo the next repothng perkKI for the year ended 25 m?￿h 2022. The m051 slgnlficanl 8re8s of
uncertslnty Ihat affect Ihe ¢arryiTrJ value of assets hèld by Charfty are the ￿Ve1 of Investment retum 8nd
th8 perfomance of the Inve81ment mark8ts and any outc(xne on the principal rlsks and uncertainlifjs that
face the Ch81ity on a day to day basis, as eX￿ained vAthln the Inveslm9nl poliw and rlsk managemant
sectlons of the T￿￿tee$. ￿POrt.
Charltable •¢tlvltle8
CharStsble Charitable
rental
rèntal
In¢ome
In¢om8
2024
2020
Contributions fr￿ ocCu￿8r8
120,523
119.996
Inve8tm•nts
Unre8trkted Re8trlctod
nd8
fund8
T¢)tal UnTe$trlcled Restrfcled
fund$
fund¥
Tot81
2021
2021
2021
2020
2020
2020
Unllsled 8e¢Lxllie8
Interest racelvablo
31,002
17,850
11.338
42.340
17.850
30,741
17,850
17,255
47.996
17,850
48,852
11,338
60.190
48,591
17,255
85,846
other Incom8
Totsl Unrestrtcled
funds
2021
2020
Other Income
850
13-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
Charltablg activltios
T¢)tal Unrnstrlctsd Ro8trlctsd
2021
nds
fuDd$
2020
2020
Total
2020
funds
2021
lunds
2021
staff costs
Repair8 and
Rates and watèr
In8uran¢o
17,595
46,815
17,595
154,162
7.336
17,333
56,201
7.534
17,333
170,676
7,534
107,347
114,475
2,849
32.927
18.255
7,332
2.649
32,927
18.255
7,332
3,440
32,052
13,882
5,879
3,440
32,052
13.882
5,879
Ught and heat
Office costs
Carelln9 SUPP)rt ¢08ts
132,909
107.347
240,256
136,321
114,475
250,796
Share of 8UPPOrt costs
($&e note 71
ShArg of governance
¢0818 (see note 7)
1,183
1.183
1,182
1,182
3,774
3.774
5,109
5,109
137,846
107.347
245.193
142.812
114.475
257,087
Analys18 by fund
Unrestrl¢ted fLmd8
Ra8ld¢ted fuNIs
137,848
137,848
107,347
142.612
142,612
114.475
107.347
114,475
137,848
107,347
245,193
142,612
114,475
257,087
Th18 repr88enls costs Incurr6d to mwntsln th8 wnnlrvj ￿ operthns of thg Ajmhouses. Such costs all
part of unrestrlctsd fund8 wilh the exception of survey costs and cycll¢•l repalr8 whlch are charged as part of
restr￿ted funds.
14-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 25 MARCH 2021
Support costs
Support Govgrnance
2021
2020
statsonery,posla9e and
Inddentals
1,163
1.163
1.182
A¢¢ountants fees
Houslng Ombudm8an
National As8oclatton ol
Almhouses
3.716
4,760 GovgrnarKe
Govomgnce
178
68
349 Govemance
1,163
3.TT4
4,937
6,291
Analysgd between
Char5tsble 8¢tl¥ltlos
1,183
3.774
4,937
6,291
Both govemance and other 8UPPOrt C06ts relato to the one ac11￿ty run by th6 Charity, belng the Pfov181on
and runnlng of the Alm8house8. Thg costs or• Idenllfled directly frcth the Invotces recelved for those
8grvlces.
No expense8 requlre appcrfllmmenl.
Trustse•
The Trustees are regarded as key management. None of th9 Truste88 (or any p&rs¢)n8 connected ￿th them)
rg¢elved any remuneralion or benefits trom the Charty during the year. No Trustees received remuneration
or re1ml￿rsemfjnt of exp8nse$.
Employees
The average monlhly numtér of employee6 dwng the year wa8:
2021
Number
2020
Numbgr
Employmont costs
2021
2020
Wage8 and salarles
17,595
17,333
The clerk to the Trustees received a fee of £18,00012020- £12,528). ￿1¢h Is Induded In offic8 Costs.
There are ￿ eM￿oyeeS emolumgnts a￿)ve £60.000.
15-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
10 Not galns1(los￿5I on Invastments
Unrestrkted Restrkt¢d
fvnd8
Totsl Unr88tricled
lunds
Ro8tri¢ted
funds
Totsl
2021
2021
2021
2020
2020
2020
Rovalualk￿ ol
inve¥tment8
G8lnll1058) on sale of
Invaslments
106,222
61,728
1￿.950
(39,521)
(88,8881 {106,409)
12.440
12.440
(7,810)
17.810)
105222
84,168
169,390
(39,521)
(74,698) 1114.2191
11 Tanglbla flxod amots
Frt•hoid FIX￿￿¢$ •nd
land
ttlngb
T¢)tsl
Cost
Ai 28 March 2020
1,032,030
1,350
1,033,380
Al 25 March 2021
1,032.030
1,360
1,033,380
oopreclatlon and Imp•lm)ent
At 28 March 2020
1.350
1,350
At 25 M8rch 2021
1,350
1,350
Carrylng amount
At 25 March 2021
1.032,030
1,032,030
At 25 March 2020
1,032,030
1,032,030
16-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARGH 2021
11 Tanglble fixed assets {contlnugd)
HousiryJ Land and Building8
The Charfty own# t￿ folloYAng freehold kYop8rbes'.-
The AncienVDewey Amshouse8
1- 6. 9-14 Tho AlmshouBe8. Tumers Hill, Chèshunl
The War Memorial Home5 of Rest
15- 20 Th&AlMsh￿Se8. Tum8rs Hlll, Cheshunt
Norton Almshouses
21- 22 The Almshouses, Turners Hill, Choshunt
Tha An81ee Alm8hou888
23- 26 The Alm8house8. Turners Hill, Cbeshunl
ng George V Jubilee Almshouses
1- 2 Homel￿gh Court. Churchgale, Ch8shunt
Thè War Memorial AlmshoLoes
3- 4 Homelol9h Court. Churchgale, Che$hunt
Amsftats
5- 16 Homaielgh Court. Churchgale. Cheshunt
The amount 8h¢)wn in the balanc8 8heet rdale8 to the cost of improvéments lo the Alm8hous88 and
dev@lopm6nl of tha AJm8fl8ts al Homeldgh Cwrt. Churchgate, Cheshunt, the bulldlng of four new knsl8e
mshou6e8 al Tumers Hlll. Che3hunt, Ihe UFrflating of numbers 1 . 6 and 9- 22 Tumers Hill, Chg$hunl.
D818ils (rf the movements durirvj year are as follows:_
Hou8inq
Corporatlon
Grant
Net 80¢)k
Value
Co81
Churchgats Development
Al 25 March 2020 8nd 25 March 2021
557,618 1242,595}
1,033,380
Tumor8 Hlll
Al 25 March 2020 and 25 March 2021
717.009
717,009
Totsl
Al 25 March 2021
1,274,625 (242,5951
1.032.030
At 25 March 2020
1,274,625 1242,595}
1,032,030
17-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
12 Flxgd 888Ot Invèstments
Llstad
Investmgnts
Cost or valuatlon
At 28 March 2020
Valuation ¢hange8
Addition8 M&G Acc share8
D18P08818 M&G Acc shares
1.883,703
156,951
11,338
(56,560)
At 25 March 2021
1,775,432
Carrylng amount
At 25 Mar¢h 2021
1,77S,432
At 2S March 2020
1,883.703
2021
2020
Investments at f8lr value ¢(#n￿￿￿e.
Flxed- Interest Inve8tm¢nts at V8luaJon
COIF Charilles Fund- Investment In¢ome furKI
COIF Charllie8 Fund- Fixfj(J interest Fund
NAACIF - Accumulgtl¢)n share8
NMCIF- In¢ome 8ha
589,302
454,789
51,142
291,421
388,778
628,593
379,975
51,213
284,916
319,0Cfj
1,TT5.432
1,e63,703
The a¢cumulation 8h8re8 of £291.42112020- £284.9151 relate lo re$trfcted investments.
All Investments are carrffjd at their falr value. Inv8slm8rrt in Ilxed interest secuiities are all traded In quolgd
publlc marf(6ts, prfmarfly the Londm Stock Exchange. Hddlngs in common Investment funds, unll tru818 and
opan-ended investrnent companies are at the bid pnL*. The basis of fair value foT quoled investments 18
equivalent lo the market value, usin9 the bid pwlce. A558t 8al8s and purchas88 are reGogn188d at thg dale of
trade at CO8t (that is their Iransa¢tion value)-
The significance of these financi81 in81Tumenls lo th6 ongoirrfJ financial sustainability of the Tru8t is
¢¢)n81dor8d in the finanGlal revlew arKI Investment polky sections of th8 Trus18es' Annual Report.
18-

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
13 Debtors
2021
2020
Amounts falllng due ¥Athln one year.
Other debtor8
Prepayments arKI a¢cr￿d Ir￿ome
1,891
244
1.417
2,078
2,135
14 Crodltots: amounts falllng due wlthln one year
2021
2020
Other ¢rodltor8
Awuals and deferrod Income
11,024
5.426
3,540
14,564
8,968
All credllor8 In 2020 8rKI 2021 relalg to unres1rf￿ad funds.
1ts Fund accountlng
Funds held by the Charlty are".
Unr88tr1cled fund8 - these are funds that ¢an be used In a¢￿(dance the charltable oble¢l8 al th
dlscretlon of the TN8tees.
Restrl¢tod fund8 - these ar• fund8 Ihat thfr Trustees mysl e8tabli8h and ￿ntInue io malntaln. Thera ar&
Such fund8.' an Extraordln8ry Repalr Fund and a Cycli¢al Malnlenance Fund. Thelr eslabllshment 58
rggulaled by th6 Scheme of Charity Commi88ioner¥ dated 19 Ayil 2004. The Extraorijinary Repair Fund 18
US8d for gXtr8ordinary repairs, improvem6nl or reb￿ldIng of the home$ and other prop•ty of th8 Chanty.
The Cycllcd Maintanance F￿dI8 used for c*dlrory repalr and malntenan¢e of the homes and olher property
of the Charity.
Pem)anent ErKlowm•nt fund8 - th98e rewewt fund8 vthlch must be held pwmanently by the Charfty,
prln¢ipally 8hare8 and propkn. In¢ome arfslng on the endowment fimd can be used In accordance wllh the
c*Jjecl$ ol the Charity aThJ is included 88 unrestricted i¥Kcrfn8. Any capTtal gains or lo￿8$ arising from these
form part of ihe fund. Investment man8gemenl charges ar￿ Iggal advice relallng to the fijnd are charged
against the fund.

*iJ o)*SiIO)-

r400
otse
12 1"
o*iry
z o o

THE BEAUMONT CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 MARCH 2021
19 Related party trdnsactlons
There were no dis¢l¢)sable related party Iran8actions duriThJ lh8 year (2020- nL￿8>.
-23-

THE BEAUMONT CHARITY
PROPERTY REVENUE ACCOUNT
FOR THE YEAR ENDED 25 MARCH 2021
2021
2020
Incomo
ConlrlbuUon8 from occupler¥
Norton Augmentation Charity
120,523
119,996
e8
120,589
120,062
Expgndlture
Salary- Warden$
Car81ine
Rste8 and water
R&palr8 and maintenance
Insurance
Ught antj heat
Telaphone
17,595
7.332
7.336
154.162
2,649
32.927
504
17,333
5,879
7,534
170.670
3.440
32,052
891
222,505
237.80S
DelJ¢
(101.916)
(117,7431
Deflclt lor th& year transfoffed lo Income and
Expendilure account
101,918
117,743
-24-

THE BEAUMONT CHARITY
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 25 MARCH 2021
2021
2020
Incomo
Divldends and Interest Onclud05 Reslrlcted Fund8
of £11,33812020- £17.255)}
TiMsc￿'S Gift
Buchanon's Gift
DonalionslRelundslSurKlries
60,1
65,762
15
15
850
60.124
66,63D
Expendlturn
Clerk and Receiverf8 fees and expen￿$
ststionery. postage and Incidentds
Nallonal Association ofAlm8hou60$
Housing Ombudm8an
AGcountsnts' Fees
18.255
6S9
13,502
871
349
176
3,540
4,760
22.888
19,282
Surplu8 on general Irwme ond experKllture aeeounl
37,436
47,348
Dellclt from property revenue account
1101,916)
1117,7431
Lo88e8 before 8urplu81(108888) on Inve8tmgnl8
{84,480)
170,396)
Unre81i$ed galn81Uossesl on Investment 8SBet8
156,950
1106,4091
R88li8ed profiVlloBBe8) on sde of Inva8tsnenl a888t8
12,440
(7,8101
Gro$8 SU￿1￿#1(defficltI for the year
104,910
1184,614)
-25-

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