## **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:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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