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2021-09-30-accounts

The Betenson Trust

Financial

Statements

For the year ended 30th September 2021

THE BETENSON TRUST Financial Statements for the year ended 30[th] September 2021

Trustees Alexander Mackay (Chairman)
Rev. Dr Peter Hayler
Rev Lorraine Turner
Rev. Edward Wright
Christopher Lightfoot (retired 16thFebruary 2022)
Thomas Owen
Malcolm Wiffen
John Hutchings (appointed 10thMay 2021)
David Bowles (resigned 14thJuly 2021)
Clerk to the Trustees Sarah Allewell
Rookery Dene
Long Mill Lane
St. Mary’s Platt
Sevenoaks
Kent
TN15 8NA
Charity Commission
Registration Number 207019
Principal Bankers NatWest
43 Swan Street
West Malling
Kent
ME19 6HF
Independent Examiner John Gillespie FCA
Bramley Lodge
Borough Green Road
Wrotham
Sevenoaks
Kent
TN15 7RA

2

THE BETENSON TRUST Financial Statements for the year ended 30[th] September 2021

CONTENTS

Page
Trustees’ Annual Report 4
Independent Examiner’s Report 5
Receipts and Payments Accounts 6
Statement of Assets and Liabilities 7

3

THE BETENSON TRUST Financial Statements for the year ended 30[th] September 2021

TRUSTEES’ ANNUAL REPORT

The Betenson Trust was originally established in 1788 following the death of Helen Betenson who bequeathed some of her fortune to build and maintain twelve almshouses. The Scheme for the regulation of the Charity was approved by the Charity Commission in 1970. Trustees include three ex-officio members, being the vicars of Wrotham, St. Mary’s Platt and Plaxtol. The remaining six co-optative trustees are appointed for a term of five years.

The Trust continues to provide accommodation for the benefit of twelve residents in the villages of Wrotham, St Mary`s Platt and Plaxtol in the County of Kent. There are four residents in each of the villages who reside in buildings which, in the case of Wrotham and Platt, are listed as Grade II. Each resident pays a modest contribution towards the cost of maintenance and central heating.

The COVID-19 pandemic has continued to present challenges, both in terms of practicalities concerning meetings and building maintenance, but also in terms of the mental wellbeing of the residents. Whilst relations between residents has not always been harmonious during this period, every effort has been made to provide support for all occupants in order to maintain good community in the almshouses.

An accident involving a car crashing into a boundary wall in Plaxtol in August resulted in an insurance claim of £1,910 which was settled in October 2021.

Following the lifting of lockdown restrictions, some capital works were undertaken, such as the refurbishment of a bathroom in Plaxtol, but high demand and short supply of builders and decorators has meant that the majority of the £33,000 capital budget remains unspent.

Investments, with a valuation of £203,037 at the year end, are held to provide funds for the maintenance of the properties. Cash funds amounted to £18,865.

The weekly contribution paid by residents was held at £50 for this accounting period, but was increased to £55 from January 2022 as energy costs continue to rise.

The Trust was fortunate to receive donations from Great Comp and the Dodge Charity.

David Bowles resigned his position as a trustee on the 14[th] July 2021 due to work commitments. His valuable contribution has been greatly appreciated and the trustees wish him all the best.

After many years’ service as a trustee, Chris Lightfoot retired on the 16[th] February 2022. He contributed enormously to the effective management of the almshouses in Wrotham particularly, and his presence will be greatly missed. The trustees wish him a happy retirement.

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

Signed on behalf of the charity’s trustees

A D Mackay Chairman of the Trustees

Date: 7[th] July 2022

4

THE BETENSON TRUST Financial Statements for the year ended 30[th] September 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BETENSON TRUST

I report on the accounts of the Trust for the year ended 30[th] September 2021, which are set out on pages 6 to 7.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

John Gillespie FCA Bramley Lodge Borough Green Road Wrotham Sevenoaks Kent TN15 7RA

15[th] July 2022

5

The Betenson Trust The Betenson Trust The Betenson Trust The Betenson Trust 207019 207019 207019 CC16a
For the period
from		 Period start date
1st October 2020		 To Period end date
30th September 2021
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
32,840
-
527
-
-
-
-		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-		 Total funds
to the nearest £
32,840
-
527
-
-
-
-		 Last year
to the nearest £
Contributions 32,840 - 32,840 32,130
Lifeline - - - -
Donations 527 - 527 440
Interest - - - 1
- - - -
- - - -
- - -
- - - - -
Sub total(Gross income for AR) 33,367 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 - 33,367 32,571
A2 Asset and investment sales,
(see table).
319.806 Charibond Charities Fixed Int - -
Common Investment Fund Acc Shares - -
Sub total - -
Total receipts
A3 Payments
32,571
Heat & light 8,106 8,013
Repairs & maintenance 11,270 2,649
Water 1,728 1,955
Lifeline 207 183
Honorarium 1,500 1,000
Professional fees 1,499 3,360
Expenses 255 77
Almshouse Association 236 230
TV licence 45 53
Council Tax - 362
Insurance 1,813 1,753
**Sub total ** 26,659 19,635
A4 Asset and investment
purchases, (see table)
- -
Charibond fixed interest shares 3,000 - - 3,000 3,000
**Sub total ** 3,000 -
-
-
-
-
-		 - 3,000 3,000
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
22,635
3,708
-		 3,708 9,936
- - -
15,157 - 15,157 5,221
18,865
-		 18,865 15,157

6

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on behalf
of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
M&G
M&G
CCLA
Details
Details
Cottages - Plaxtol
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Business Reserve Account
Current account
Cottages - Platt
Cottages - Wrotham
Signature		 Unrestricted
funds
Restricted funds
to nearest £
to nearest £
-
-
18,865
-
-
-
18,865
-
OK
OK
Unrestricted
funds
Restricted funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Restricted
-
Unrestricted
-
Unrestricted
-
-
-
Fund to which
asset belongs
Cost (optional)
Endowment
-
Endowment
-
Endowment
-
-
-
-
Fund to which
liability relates
Amount due (optional)
`
Print Name
ALEXANDER D MACKAY
SARAH ALLEWELL		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
100,000
99,999
3,038
-
-
Current value
(optional)
360,000
340,000
300,000
-
-
-
When due
(optional)
Date of
approval
ALEXANDER D MACKAY 07-Jul-22
SARAH ALLEWELL 07-Jul-22

CCXX R7 accounts (SS)

22/07/2022

7

THE BETENSON TRUST Financial Statements for the year ended 30[th] September 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BETENSON TRUST

I report on the accounts of the Trust for the year ended 30[th] September 2021, which are set out on pages 6 to 7.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

John Gillespie FCA Bramley Lodge Borough Green Road Wrotham Sevenoaks Kent TN15 7RA

15[th] July 2022

5