Charity Registration number
212022
Builders Benevolent Institution
Report of the Trustees and Financial Statements
For the Year Ended
31 December 2024

Builders Benevolent Institutlon
Report and accounts
Contents
Page
Legal and administrative infomialion
Trust8es' Report
Independent Exarninerfs Report
Statement of Financial Activities
Balance sheet
Notes to the Financial Statements
8-12
Detailed Slalemenl of Financial Aclwilies
13

Builders Benevolent Institutlon
Report and accounts
Contents
Page
Legal and 8dministralive infomialion
Tru*ees' Report
Independent Examinerfs Report
Statement of Financial Activities
Balance sheet
Notes to the Financial Statements
8-12
Detailed Statement of Financial Activities
13

Bullders Benevolent Institutlon
Legal and Admlnlstratlve Informotlon
for the year ended 31 December 2024
Truste66
J Snelling (Presidenll
B Phoenix (Vice P￿Sident & Treasurer I
T Rayner (Secretory)
K Head (Past President}
M Crowe (Past Presidenti
D James
R Poulton
C Crowe lappoinled 21.11.20241
Principal Address
78 Long Brandocks
Writtie
Chelmsford
Essex
CM1 3JP
Registered Charity Number
212022
Independent Examiner
Soulhwell, Tyrrell & Co
Chartered A¢countanls
15 Lower Ground Floor
65 London Wall
Londor>
EC2M STU
Advlsors
Brewin Dolphin
12 Smithfield Street
London
EC1A 9BD
Bank8rs
Barclay5 Bank PIC
Newham Business Centre
737 Barking Road
London
E13 9PL

Builders Benevolent In8titutlon
Registered number:
212022
Trustees, Report
The trustees present their report with the financi8131alemenls of the charty for the year ended 31
De￿mber 2024. The trustees h8ve adopted the provisiong of Accounting and Reporting by
Charities.. Statement of RecKJmmended Pra¢ti¢e applicable lo eharities preparing their accounts in
accordance with the Finan￿al Reportin9 Standard applicable in the UK and Republic of Ireland
IFRS 1021 (effective 1 Janu8ry 20191.
OBJECTIVES AND ACTIVITIES
Objects
The objects of the Institution are the assistance of'.-
Persons in need who have been lor who are) engaged in the bulldlng trade as Master
Buildèrs, and
The wives, widows and children of arty such persons being in need of assistance.
Straiègy
The charity attemp15 to assisl these groups of persons by..
The making of monthly or other periodical allowance.
The granting of pensions.
The giving of sums of money andlor th& making of loans by way of temporary relief.
Objectives for the year
The charity's objective for the year under review. was lo meet the needs of all applicants who
are eligible lo benefit from ttrie In$tilulion.
The Trustees are pleased to report that they were able to assist 811 Èligible applicants in the year
under review.
The charity is reviewing its procedures for identifying potential beneficiaries. This review is
ongoing.
Public benefit
The Charity's beneficiaries aw ￿$triCt￿ by ils ¢¢nstltulion of 1847 to members of an
occupation bul the public benefit is clear. The Charity provides assistance to 60 beneficiaries,
410A of whom are over eo years of age and 71Qk are over 70 years of age. Most of the
beneficiaries suffer trom some form of illne$$ or disability. All C•f the benefi¢iaries live on a very
restricted inwme even after taking into ac¢ounl the limited 8s$istsnce they receive from public
funds. Without the help of the Inslilulion, the daim$ on public funds would be greater and the
plight of the beneficiaries would be far worse.
In reviewng the Charity's aims and objective$ and in planning future activities, the Trustees
refer to the Charity Commission's general guidance on publie benefit.
Grant making pollcy
The Management Committee o)nsider application$ for assistance from needy persons who
have been or who are en9ag¢d within the building trade as Master Builders or from the wives,
widows and children of such persons and iJ¢cisions are made on the basis of objective criteria
approv¢d by the Management Committee. taking account of the a¢Jvi¢e rendered by the Welfare
Officer.

Builders Benevolent Institution
Registered number:
212022
Trustees. Report
ACHIEVEMENT AND PERFORMANCE
Charfitsblg a¢tivit19S
During 2024, there v4frre 5 meetings. 2 were conducted remotely by zoom kindly provided by
John Snelling and the trusteès arg most grateful to him for the provi510n of the facility. Th&re
were 3 new applicabons, all of which were approved. There were 4 deaths of benefiaaries and
they had been supported for 10, 21, 30 and 38 years.
During the year 24 visits in addition lo telephone contacts were made.
FINANCIAL REVIEW
Fundraislng Poliey
The Charity dtses not usè fundr8ising servieeg, consultants or exlemal professional fundraisers
undèrtake Its fundraising activities and no data is shared with or sold to any external
agena&s.
The Charity does not undertake Direct Mail and does not approach or pre$$tJre vulnerable
people lo support ils work. A complaints proceL1ure 1$ in place and the Charity adheres to the
Fundraising Code of practice issued by the Fundraising Regulator.
Investm•nt poli¢y
Professional fund managers, who have delegated aulh¢yity to aci within constraints sperified by
the Management Committee, manage the Charity's investments. The investment manager5 are
¢harged with maximising investment income subject to Maintaining good capital groth and
subject to the requirement lo hold a balanced investment portfolio lo minimise risk.
R•88rvos policy
Whilst the Charity does not enter into either contractual or constructive commitments to
benefiaaries, when the Charity decides to support a benefiaary. its intent4.on IB to continue that
support until the benefiaary becomes self Sufficient or dies.
The average length of tima over which beneficiaries beneflt from the Charity'5 SUPPOrt 13 of the
or¢¥er of 14 years. The Trustees are therefortr of the opinion that leve15 of reserves of
approximately £1.5 million are required lo ensure that the Charity can continue lo meet its
obligations in the event of unforeseen reduLti0115 in ils in￿Me, as has been the case with the
COVID Pandemic. The Trustees prop05e. therefore. lo normally broadly match income and
expenditure in forthwming period5 relyin9 on inve51menl growth Ici maintain the Charity's
reseTres at the oplimum level. The current level of reserve5 15 £1.614.73412023." £1,514,282).
Review of thè y•ar
Donation5 received by the Charity in 2024 amounted lo £10,40012023.. £15,632). Income from
inveslmenls, together with the deposit interest received. amounted to £40,40512023. £41.6471.
Total expendiluio on tharitable aclivilie8, SLJPPOrt 8nd governance costs during the year
amounted lo £57,373 12023", £62,561). The Costs of raising funds cDmprising investment
management cost5 amounted to £7,785 12023.. £7.4001. Excluding net gains on investments
Ireali$ed and Un￿aliSed) of £114,805 12023.. £57,726), the Charity disdosed net expenditure
this year of £14,353 12023, £12.6821. After net agg￿gate g8ins on investment$, nel surplus
amounted lo £100,45212023.' £45,044).

Builder5 Benevolent Instltutlon
Registered number:
212022
Trustees. Report
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govèmlng documènt
Builders, Benevolent Institution is a charitable association established in June 1847 Icharity
number". 2120221 It is governed by rules which are subject lo periodic review and revision and
managed by a Committee of Management.
Appointment, induction and trainin9 of truste&s
The trust deed provides that both the Federation of Master Builders and the National Federation
of Builders may nominate three metnbers each to be Trustees of the Charity. This fight is rarely
exercised and whilst Trustees are generally recruited from the rnembers of the Federation of
Master Builders and the National Federats'on of Builders. they are not nominated Trustees as
Such.
The trust deed allows Trustees to be appoinled by the existing Trustees.
The Presiden( Vice President and the Trga$urer aTe g18cted annually by the membership.
l Trustve$ are gxperienced in busine33 and therefore require a minimum of induction and
training.
Organlsational strncturfr
The Inslilution'5 cor151ilulion requires the Trustees lo rneel a minimum of four limes annually.
During the current yèar five Trustees, meetings were held in addition to the AGM. The Board of
Trustees, known as the Management Committee, does not have any Sub ￿mMittee$ and all
dècisions are taken by the lull Btrard.
The Secretary lo the Tiuslee5 Is charged with the responsibility for the day to day management
of the Charity.
This report was approved by the board of trustees on 4 June 2025 and signed by ils order.
8 Phoenix
4 June 2025
Trustee
J Snelling
4 June 202
Trustee

Independent Examlner's Report To The Trustees Of
Builders Benevolent Institution
I report lo the charily trustees on my exarnination of the 8ccounts of Builders 8enevolenl Institution
lthe Trust) for the year ended 31 December 2024.
Responsibilities and ba$ls of report
As the charity's Iru$lees ygu are responsible for the preparation of the aceounls in accor*Jan￿ with
the roquiremenls of the Charf(ies Act 2011 I'the Acl'l.
I report in respect of my examination of the charty's accounts carried out under section 145 of the
Act and in carrying out my examination I have foll¢)wed all the applicable Directions given by the
Charrty Commission under section 14515}Ib) of the Act.
Independent examIne￿$ statement
I have completed my examinalion_ I confirm that no material matters have come lo my attention In
connection with the examination giving me cause to believe that In any material respect..
accounting records were nDI kept in respect of the charity as required by section 130 of the
Act", or
the account8 do nol accord wlh those rec¢rd$'. or
the 8ccounls do not comply with the applicable requireTnenls conceming the forn and
content of accounis sel out in the Charities IAecounls and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair view which 1$ not a matter
eonsidered 88 part of an independent examination.
I have no concems and have come across no olheT matters in connection with the examination to
which attention should be drawn in this report in order lo enable a proper understanding of the
accounts lo be reached.
ean R. Clark
Soulhwell, Tyrrell & Co
Chartered Accounlanls
15 Lower Ground Floor
65 London Wall
London
EC2M STU
4 June 2025

Buildgrs Bengvolent Institution
statement of Financlal Activitie8
for tho ygar endgd 31 Docgmber 2024
2024
2024
2024
2023
Unre$trl¢ted Restrithd
Funds
Funds
Total
Fund$
Totsl
Funds
Donation5 and legaaes
Investment income
10,400
40.405
10,400
40,405
15.632
41.647
Total Incomlng resources
50,805
50.805
Expenditure
Raising Funds
Charitable activities
Support costs
Govemance costs
7.785
40.697
13.016
3,680
7.785
40.697
13,016
7,400
43,534
15,367
3,660
Total expend4tu
65.158
65,158
69.961
Nel gainslllossesl on investmenls
114,805
114,805
57,726
Net ineomellÈxpendSturel
100.452
100,452
45.044
RECONCILIATION OF FUNDS
Total funds brought forward
1,514,282
1,514,282
1,469,238
TOTAL FUNDS CARRIED FORWARD
1.614,734
1,614,734
1,514,282

Bullders Benevolent Institutlon
Registered number..
Balance Sheet
as at 31 December 2024
212022
Noto5
2024
2023
Fixed assèts
Inveslments
1.589,281
1.498,733
Current assets
Debtors
Cash at bank and in hand
6.948
23,483
7,679
13,382
Creditors- amounts falling dug
within one year
14,9781
15,5121
Net current assets
25,453
15,549
Net asset¥
1,614,734
1.514,282
Funds
Unrestricted fund8
1,614.734
1,514,282
Shareholder5. funds
1,614.734
1,514,282
The financial statements were approved by the Board of Truste¢$ and were signed on ils behalf
by:
B Phoérsix
Truglee
Approved by th& board on 4 June 2025
J Snelling
Trustee
l(f.,

Bullders Benevolent Institutlon
Notes to the Financial Statements
for the year ended 31 December 2024
1 Accounting pollcies
Basis ofpreparation
The financial slalemenls of the charity, which is a public benefit enlily under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by
Charities.. Slalemenl of Recommended Pr8cli¢e applicable lo cttarities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 leffective 1 January 20191., Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial
slalemenls have been prepared under the historical cost Convention, with the exception of
inve31rnenls which are included al market value, as modified by the revaluation of certain assets.
The Iruslees consider that there are no materk41 uncertainties about the Charitys ability lo continue
as a going concern.
Fffnencial reporting standard 102- rEduced disclosure exemptions
The charity has iaken advantage of the following disclosure exemption in preparing these financial
stalemenls, a5 permitted by FRS 102 'The Financial Reporting Stsndard applicable in the UK and
Republic of Ireland,.
the requirements of Se¢lion 7 Statement of Cash Flows.
Income
All income is recognised in the Stslemenl of Financial Activities once the charity has entillemenl lo
the funds. il is probable th81 the income ¥MII be receNed and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is 8 legal or constructive obligation
commilling the charrty lo that expendilLJre, it 1$ probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure 15
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related lo the category. Where costs cannot be directly attributed lo particular headings they have
been allrxated lo activities on a basis consislenl wlh the use of resources.
Grants offered subject lo conditions which have not been met at the year end dale are noted as a
commitment bvl not accrued as expenditure.

Builders Benevolent Institution
Notes to the Flnanclal Statements
for the year ended 31 December 2024
Investments
Investments are 8 form of basic financial instrument and are initially recogni5ed al their Iran¥aclion
value and subsequently measured al their fair value as 81 the balance sheet dale using the Closing
quoted market price. The statement of f1nancial aciiwties includes the nel gains and losses arising
on revaluation and disposals throughout the year.
All gains ané losses 8re tsken to the Statement of Financial Aclivrtie5 as they 8rise. Realised g8ins
and losses on Investments are calculated as the difference ts8￿een sales proceeds and their
opening carrying value or their purchase value if acquired subsequent lo the first day of the
financial year Unrealised gains anLY losses are calculated as the difference beN¥een the fair value
al the year end and their Carrying value Realised and unrealised investment gains and losses are
combined in the Stslemenl of Financial Aclivrties.
The Institution does not acquire pul options, dertvatives or other complex financial inslrumenls.
The main form of financial risk faced by the charty is that of volalilily in equity markets and
invèstment markets due lo wider economic conditions, the 8ttilude of investors lo investment risk,
and changes in sentiment concerning equities and within certain sectors or sub sectors.
Governance costs
These are included within support costs and includ9 the cost$ attributable lo the Charily's
compliance wilh constilulional and slalulory requirements, including audit, Iruslees, meetings and
reimbursed expense5.
Fund accountlng
All the funds of the charity are unrestricted 8nd can be used in accordan￿ with the charitable
objeclNes al the discretion of the Iru51ees.
Taxatlon
The charty is exempl from tax on ils charitable activities.
Crltlcal accountlng estimates and areas ofjudgement
In preparing the financial statements il is necessary to make certain judgements. eslimales and
assumptions that affect the amounts recognised in the financial 51atemenls. In the view of the
Trustees. there are no significant judgements, estimates and assumptions required.
Flnaneial Instruments
Thè charity only has finan¢ial assets and liabilities of a kind that qualify as basic financial
inslrurnenls, including ils debtors and ¢reditors. These are initially recognised al Iransoction value
and subsequonlly valued al their settlement value.
Functional currency
The financial statements are presented in Pound Sterling, which Is the functional currency. All
financrdl information presented is rounded lo the nearest Pound Sterling.

Bullders Benevolent Institution
Notes to the Flnanclal Statements
for the year ended 31 December 2024
2 Investments
2024
2023
Shares
Cash al Brokers
1,573,488
15,793
1,589,281
1,480,132
18,601
1,498,733
Additional information as follows".
Market value al
At 1 January 2024
Additions
Di$posals
Revaluations
Al 31 December 2024
1.480,132
398,686
{420.1351
114.805
1,573,488
NET 800K VALUE
Al 31 December 2024
1,573,488
1,480,132
At 31 December 2023
There were no investment assets outside the UK.
Valuation is ￿preSented by..
Al 31 De￿mber 2024
1.573,488
Investments Ineilher listed nor unlistedl were os follows..
2024
2023
Broker5- Income Account
Brokers- Capital Account
1,440
14,353
15,793
1,519
17,082
18,601
3 Debtors
2024
2023
Ot*er debtors
Prepayments and accrued income
8,280
6,700
979
6.948
7,679
4 Crgdltors.. amounts falling due wlthin one year
2024
2023
Other creditors
4,978
5,512
10

Builders 8enevolent Institutlon
Notes to the Flnanclal Ststements
for the year ended 31 December 2024
5 Movgment in Funds
At1
January
2024
Net At 31
movement Dpcember
in funds 2024
Unrestrlcted funds
General fund
1,514.282
100,452
1,614,734
Total Funds
1,514,282
100,452
1,614,734
Net movement in funds, included in the above are as follows..
Incoming
Resources
resources
expended
Galns and
losses
Movement
In funds
Unrestricted funds
General fund
50,805
165,1581
114,805
100.452
Total Funds
50,805
65,158
114,805
100452
Comparatives for movement in funds
At1
January
2023
Net At 31
movement December
in funds 2023
Unrestricted funds
General lund
1,489,238
4S,044
1,514,282
Total Funds
1.469,238
45,044
1,514,282
Nel movemenl in funds, included in the above are as follows..
Incoming
Resources
rgsources
expend8d
Gains and
lossey
Movement
in funds
Unrastri¢ted funds
General fund
57,279
169,*11
57,726
45,044
Total Funds
S7,279
69,961
57.726
45,044
11

Bullder8 Benevolent Instltutlon
Notes to the Financial Statements
for the year ended 31 December 2024
6 Trustees. Remuneration and 8èneflts
The Key Management Personnel of the Chgrty are Ihcise persons having authority and
responsibility for planning, directing and controlling the activities of thè Charity, directly or
indirectly. including any trustee of thè Charity. There were no trustees, remuneration or other
benefits for the year ended 31 December 2024 (2023 .. £NILI.
Trustees, expenses
The charity does not employ staff. Throughout the year one of the trustees of the charity.
T.Rayner, ha$ dealt with the day to day running of ils activities and was paid £5,161 12023
£6,321) in expeises.
12

Bullders Benevolent Institution
Detailed Statement of Financial Activitles
for the year ended 31 December 2024
This schedule does not fonn part of the slalutory a￿o￿nIS
2024
2023
INCOME
Donations and legacles
Donations
GiftAid
10,320
80
10.400
15,485
147
15,632
Invostm•nt income
Income from listed investments
40,405
41,647
Total incoming resources
50,805
57,279
EXPENDITURE
Investment management Costs
Investment rnanagemenl costs
7,785
7,400
Charftable actlvitles
Grants lo individuals
40,697
43,534
Support costs
Insurance
Websile
Visitors retainer
Vi511ors expenses
Secretatys expenses
783
472
6,600
8,600
2,446
6,321
5,161
Governance costs
Independent Exarniner's Fee
Additional Independent Examiner's Fee re 2023 Accounts
3,000
660
3,660
3,660
3,660
Total fe50urces expencled
65,158
69,961
Net incomellexpendlturgl beforo galns and 5osses
14,353
12.682
Realised gainsll1058esl on fixed a38el investments
114,805
57.726
Net incomellexpendlturel
100,452
45,044
13