HONOURABLE SOCIETY OF KNIGHTS OF THE ROUND TABLE BENEVOLEwf FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page I Index Page 2 Trustees and Advhers P•gM 3 - 4 Trutees, Report Pge 5 Independent Eximther's Report Page 6 Statennt of FlnaD¢lal Acllvlt Page 7 BalaD¢e Sheet Pages &ll Notu to the Flfj*ndal statennts
HONOURABLE SOCIETY OF KNIGirrs OF THE ROUND TABLE BENEVOLEh'T FUND Reebtered Chrlty N•. 212217 TRUSTEES DURING 2023 The Trujttts olthe Charity Are the memben of Ch4pter of the Sockty Kh¢ Prethlent Admiral the L(d West of Spithead CLB DSC Deputy Kthlt Prethlent DHA Jones FRCS Membm •fCh•pter lld Trnrte A T CIArk¢ MA T Philp FRCS M Pick¢rs8ill MA FRSA (DeC¢U 13th April 2023) CPLMCFCA D (kah9 OBE P W T Wilkins FRSA A G Willenbru¢h MA BANKERS N*tiLml Westhllns PIC l Haiton GaTden L4ndcm ECIP IDU HSBC BAnk Pk 123 Chalw Lane Lon&M WC2A IQH INDEPENDENf EXAMtNERS Purys Audit Limited Chart¢red ACCmnts B(Kdyke Tiffibrid8¢ Keni TN9 INR
HOI¥4OURABLE SOCIETY OF KNIGHTS OF THE ROUI¥D TABLE BENEVOLENT FUND TRUSTEES, REPORT The Trustees present their report and Financial Ststements for the year ended 31 December 2023. l. ObJe£llves ind Actfvttfjes The objcctive of the Fund is the provision of awards, exhibitions, special prizes, bursaries and scholarships for the purpose of education and training. The Tnte¢S mect three times a y¢ar to approve the Financial Statements and consider the level of awards recommended by a sub-committee. The Trustees hold a number of dinners each year at which awardecs are able to m¢¢t members of a number of professions who may be able to help them in their future career. The Fund is registered with the Charity Commissioffj registration number 212217. 2. Aehlevements aDd Flnancfial RevAew The results for the year are shown on page 6. The Tnte¢S have continued to make grdnts in furtherance of the Fund's objectives. In the year grants totalling £48.250 were made (2022: £54.750). The Tnte¢S continued to introduce new Knights and to encourage all Knights to take advantage of Gift Aid in order to maintain ¢haritable donations lo the maximum. The fijnds of the Charity were £191.582 at the end of the yearf2022: £185,527) The Trustees are satisfied with the state of the Charitys affairs. 3. Tru¥teeJ and Advlseri These are shown on page 2. Recrnitment and appointment of trust¢¢8 The Fund's policy is to appoint In1st who have ¢xperti8¢ in identified areas of the trust's work. or general cxp¢ri¢nce at a senior or strategic level. Policies And pn)cedure8 for the Indtion and training of trusttts Upon appointmenl trustees are provided with the infornwtion on the way the tnt operates and their role and responsibilties as chan'ty trustses. Trustees are made aware of the valuable guidanc¢ m&teria]s availablc on th¢ Charity CoMmi10n website and have new developnKnts drawn to their attention. 4. Investnknt Polley The Trustees rely on the investment management of COJF and M&G to provide balanced investment risk. In 2009, the Trustees made a general review of the Fund's investment policy in the light of the turbulent financial conditions and were satisfied that the stattis quo should be maintsined. S. Reserve* Pollcy The T1¢¢$ regard the unre8tricted fund as a fund to provide income to meet the Fund's objectives and, although they could have re¢ourse lo IL they do nol intend lo do so. Liquid funds are retained to ensure that they are available for current years, grants. 6. Con•tltutlon, Structure. GoveniAnce and Managernent The Knights of the Round Tablc Benevolcnt Fund was established on 29 F¢brLWy 1992 under a D¢claration of TnLqt estsblishing the Fund as a clwitable trust. The Fund was created by certain membeTS of the Honourable Soci¢ty of Knights of the Round Table (a company limited by guarantee No: 829635) in order to forn]18e the charitable activities administered by the So¢iely for at least the previous I1 years. R¢stri¢ted Fund was created for HMS Dasher to aid their work with young people.
HONOURABLE SOCIETY OF KNIGHTS OF THE ROUND TABLE BENEVOLENT FUND TRUSTEES. REPORT For the year ended 31 December 2023 7. Rlsk MDagement The Tntee8 have examined the major slTategic busiM and other operational risks 1c th¢ Fund faces and confinn that they have taken steps to mitigate those risks as far as possible. There are regular rneetings of the Tntee5 to keep risk under conslant review. 8. Publlc Beneflt In m¢cting the objectives the Trustees have given careful consideration to the Charity Con]mission's general guidance on public benefit and judge that all donations made meet this guidance. 9. Tru8teei' respoDslbllfitles In relltlon to the lknanclal statements The charity trustees arc responsible for preparing a ¢nte¢s. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Stand8rds (Uniied Kingdom Gencrally Accepied Accounting Practice). The law requires the charity tTuslees to prepar¢ financial slatemcnts for each year which give a true and fair view of the state of atTairs of the charitable company and of th¢ incoming resources and application of resources, including the income and expenditur¢, of the ¢haritabl¢ company for that period. In preparAng the financial statements. the tnistees are required to.. select suitable accounting policies and then apply them consislenlly observe the methods and principles in the Charitics SORP. make judgements and estimates that are reasonablc and pruden(. state whether applicablc UK accounting standards have been followed, subject to any material departur¢s disc105ed and explained in the financial stalements; prepare the financial slatements on the going concern basis unless it 18 inappropriate to presume that the charity will continue in business. The truslees are responsible for keeping proper accountin8 records that dilOse with reasonable accuracy at any time the financial position of the charity and io enable them to ensur¢ that the financial statements comply with the Companies Act 2006. They are also responsible for 8afeguardin8 the as8¢ts of the charity and the group and hence tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trust are responsible for the maintenance and integrity of inforniation in¢luded on th¢ charilable company's website. governing the preparation and diss¢mination of financial s other jurisdiction8. coiporate and financial n in the United Kingdom m legislation in CPL M¢ Knight Treasurer Tntee Jones cs Depu ruste¢ Dated: Ill[
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HONOURABLE SOCIETY OF KNICHTS OF THE ROUND TABLE BENEVOLENT FUND Independent examlner's report to the trustees of The Honourable Soeiety of Knights of the Round T*ble. I report to the trustees on my examination of the accounts of The Honourable Society of Knights of the Round Table (the Charity) for the year ended 31 December 2023 wbich ate set out on pages 6 10 10. Responslbllltles and bas1$ of report As the Charitys Inte¢S you are rwn8ibl¢ for th¢ preparntion of the accounts in accordance with thc uirements of the Charities Act 2011 ('the Act,). I reFK)rt in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in ¢aTTyryng <t my ¢xamination I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independent exanDer'S st4temeDt I have completed my examination. l eonfinn that no material matters have come to my attention in connection with the exan]iDation giving me uSe to believe in any material respect: l. accountin8 records wcrc not kept in respeci of th¢ Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that the %OUnts give a 'true and fair vi¢w which is nol a matter considered as part of an independent examination. I have no concerw and have come across no other matter8 in connection with the examination lo which attenlion Should be drawn in this re)rt in ordcr to ¢nabl¢ a proper undcrslanding of the accounts to be rcached. Stephen Hale FCA FCCA Perrys Audlt Llmlted Chartered Aeeountants Churchdoivn Chambe Bordyke Tonbrldge TN9 IIYR Date:
HONOURABLE soc OF ia¥iGirrs OF THE ROUND TABLE BENEVOLENT FUND STATEMENT OF FINANCIAL AcfiviTIES For the year ended 31 Deetmber 2023 Unrestricted Re5trlcted Tot41 Fund Fnnd I 2023 2023 Totsl 2023 2022 Note INCOME AND ENDOWMENTS FROM Donation5 and L¢8acies Investments 29.832 7J78 34,832 7,578 35232 7.758 42.990 T(yfAL 37,410 42,410 EXPENDITURE ON Charitable Activities (3) 51.750 5(Kl 52250 59,222 TOTAL 51.750 5(M) 52250 59222 (14.340) 4.500 (9,840) (16.232) Net Gain8/([88¢) on Investments (4J) 15.895 15.895 (27.644) Nrt Incomel(Expendlthre) 1,555 4,500 6,055 (43,876) Nrt Movement In FUA 1,555 4.500 6.055 {43.876) Recontlll•tlon of Funth: Toiaj Funds brwght fonvard 180.527 185527 229,403 Total Fundi t*rrled fonvard £182,082 £9,500 £191,582 £185.527 The notes on pages 8 tol I forni PArt of these Financial Statements.
HONOURABLE SOCIETY OF KNIGirrs OF THE ROUND TABLE BENEVOLENT FUND BALANCE SHErr At 31 Dettmber 2023 Unrestricknl Res¢TiCted Total Fund Fuod I 2023 2023 Tot 2023 2022 Note (45?) 210.620 210,620 214,725 CURRENT $sETs. Cash at Bank and in Hand Debtors TAX recoverable 7.029 17.954 1.979 26.962 9.500 16,529 l7.954 1,979 36.462 13.980 13,699 2,648 30.327 (6) 9.5 CREDITORS: AnUnts Fallin8 Due Within One Ye#r.- Creditors 55500 55.5110 59,525 NET CURRENT ASSETS 28538) 9.500 (19.038 29.198 NET ASSETS £182.082 £9.5(M) £191.582 £185.527 Unrestric*d Restricted Fund I (8) 181082 182,082 9JlXI 9.500 £9.500 £191.582 180,527 £182,082 £185.527 Approved by the Trustees on •nd signed on their behalf by: CPLMwke Knight Treasur Tnltr ight Presidcnt Truste¢ The notes on page5 8 tol I forni part of Financial Ststancnts.
HONOURABLE socirry OF KNICEs OF THE ROUND TABLE BENEVOLENT FUND For the yev ended 31 Detember 2023 I. ACCOUNTING POLiaFS (t) B$ts of preparatlon and of golnE eoncern The financial statements have be¢n prepaffd in aCcLyd with the Stament of knomme Pwtice". Accounting and Rq)orting by Cbarities prqmring their accounts in accordance with the FiDanci81 Reportin8 Standard applicable in the UK and Republic of Irclond (FRS 102) issucd 16 July 2014 and th¢ Financial Rewrting Standard applicable in the United kn8dom and Rryubli¢ of Ireland (FRS 102) and the Charitie5 Act 2011. The trustecs nsider thal ther¢ ore no m&i¢rial thKertainties about the Tru8t'8 8bAlity to continue as a 80in8 ¢oncern- 8ec also Nirtc 10. The charity is a public bcnefit entity as d¢fined by FRSIO2. (li) IneoJDe tsx The Benevolent Fund 18 ablc to recover Inc(Knc lax on gift aid donations. Cffdil is taken for income tsx recoverable in th¢ in which it 1$ due. (iii) Incom¢ reco2nltlon Inm¢ is rccognised once the charity has eniitlement tt> the income. it is prob•ble that the income will Ix rtteived and the nOUn1 of income be reliably. (iv) Expendlthre recognition Liabtlities are recow)ised as awenditure Is soon 89 therc is a le841 or consttuctive obligation conmiitting the Fund to that exd[lur it is probable that settlement will be required and the amouni of obli8ation ¢on be measured rcliably. (v) Allocadon of governance colts Governance ¢osls have be allocat¢d to clwitable xtiviti¢5 in fidl. (vi) Chrltable ¢ttvltl Charitable a¢tivitie$ include m, ¢(ts of the dinn¢r fw recipients of th¢ award8 and 80vcrnance ¢osls. (vii) ReAllxd g#lni nd Iom All gains and losses are iaken to the Statements ofFinancial Athiviti¢8 (SOFA) they aTiSe. Realised gains and1088e8 on investsnents are ¢akulat as the difference bclween sales proceed8 and their openin8 cArrying value or purchase value. Unresliscd gains and losses are calculated as the differenc¢ beiween the fair VAlue ai the year end their caTryin8 value. R¢alised and unrealised investment goins and1088es ar¢ combined in thc SOFA. (viii) Credlio Creditors rccogniscd wbcn thc clwiiy bas a present L4>liptiffl r¢8uitin8 from a past cvent that will probably result in the transfer of funds to a third party and the 8mount due to settle the obli8ation obli8aiion can bc measured or eslimated reliably. Creditors are notmally re¢ognised at their settlement Amount aftcr allowinB f(Y any di8¢ouots du¢. 2. TRUSTEES, REMUNERATION AND EXPENS Tnle¢S re¢eive no remuneration or cxpen8¢5 for their services. Th¢re wer¢ no related paty transactions. 3. ANALYSIS OF CHARITABLE AcrivrTIFS Unru¢rkted Rtstrlcted Fund Fund i 2023 Tot To¢*1 202J 2022 Dinner 8uests 3,947 54.750 525 £59,222 47.750 Indepdent examinees fee 48.250 £51.750 £5(Ki £52.250
HONOURABLE SOCIETY OF KNIGirrs OF THE ROUND TABLE BENEvoixNf FUND NOTL8 TO THE FIIITANCIAL sfATEMENTS coNfD For the ye•r ended 31 Dtttmber 2023 4. RECONCILIATION OF MARKrr VALUE OF INvKsfMEKfs Unrestricted Fund 2023 Unrestrlcted Fund 2022 Market valu¢ of invHlments •t l J•nuary 2023 Disposals Rcalised Gains UnT¢•li8ed (Ioss¢8y8ai 214.725 {20.(Y)O) 22 15.873 252.369 (lo.0) 162 (27.806) ma¢t valu¢ of itivcsthjents 31 Decembry2023 £210,620 £214.725 RECONCILIATION OF GAIN&I(IA)&SFS) ON INVFsfMEm Unrnjtrleted Fund 2023 Unreitrfettd Fund 2022 Unrealised 841 15,873 22 £15,895 (27.806) 162 (£27,644) Total net 8Ains 6. DEBTORS UDrertrl¢ted Fund 2023 Unmtrkted Fynd 2022 Awards paid ID advanee Am(xmt from Limiied Conylny 6.500 11.454 £17.954 8,5ts) 5,199 £13.699 7. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR UuMtrl¢t¢d Fottd 2023 Unresirl¢t•d Fund 2022 Award• Sunthy $4.250 1.250 £55.3 58,750 775 £59,525 ANALYSIS OF FUND MOVEMENTS Unmtrkiti Rertrleted TrtAI Fulld 2023 Total 2•23 2023 2022 Balance ot l Januory 2023 Incon Expcnditw¢ Gai Bthnce at 31 Decem 2023 180.527 37.410 (51.750) 15,895 £18?,089 185.527 42.410 (500) (52250) 15.895 £191,582 229,403 42.990 (59.222) (27.644) £185.527 £9.500 Restricted FuThl ¢T¢ated for HMS D4lKr to aid their with young people.
i• HONOURABLE socirry OF KNICHTS OF THE ROUND TAB BENEI'OLEliT FUND NOTES TO ThK FINLWCIAL STATEl4IETh coiYfD For the year tded31 Detember 2023 g. ANALYSIS OF FUND MOVEME5c0TINUF CoThpArAdv UNrethkt¢d Restrktsd Trf Fund Flld I 21)22 BAlkn¢e a¢ l Jamthry 2022 Incom¢ Expenditwe 2x903 42.990 {59.722) 27.644 £180J27 4J(KI 229.403 42. 5(WJ B#lw ai 31 2022 (27.4544) £185527 £5,f 10. SCHEDULE OF INVLSTME FuThd Sths l• YeAr Hohllryp It 31.12.23 Vn Cmt M•rk¢t lttrn¢ Vil UDIfy Co 63.978 188J63 (4778} (19.978) 16&385 1Tr172 52$7 M&G CTh¥ifiJTrd inwnKunits 1679 30.0 2.679 38.448 2291 Totsl £218.563 19.W18) £198.585 £210.620 £7,578 11. COMPARATIVE INFORMATION DETAIL SYATEMEKfoF FNANCLIL ACTIVrnES 2•22 2022 INCOME AND ENDOWMENf& FROM Don•tions Ixgaei 35332 7.758 35232 7.758 41 42.Th) Cknrithble A¢tivili¥ 59.722 (Jw) 59.222 TrAL (S) $9,222 (1&732) (16J32) Nrf ColnL$S> 14ve*men 1Tr.644) (27.644) Net Ine•mel(E4b•lldltsr•) 144.376) (43.876) Net Movement l• Fllmdl {44J761 {43876) 224.1 4) 229.403 Tfjtsl Funds urrled fornrd £180 527 £185,527
HONOURABLE SOCIETY OF KNIGFTfs OF THE ROUND TABLE BENEVOLEIIY FUND NOTES TO THE FINANCIAL sfATEMEIYTS coNfD For the year e#ded 31 Detembtr 2023 12. COMPARATIVE INFORMATION DETAIL- CONTINUED BAL4NCE SHEEF Unrestrleted Restrlcted Fllnd Fund I 2022 2022 Totsl 2022 214.725 214.725 CURRENT ASSETS: Cash ai Bonk and in Hund Debtors Tax r¢wvcr4bl¢ 8,980 13,699 2.648 25.327 13.980 13.699 30,327 CREDITORS: Anxiunts Fallin8 Due Within One Year.- Creditors 59.525 59.525 NET CURRENT ASSETS 134,198) 5,000 {29,198 NET ASSETS £180.527 £5,0 £185.527 FUNDS Unrestricted R¢siricted Fund I TOTAL CHARtTY FUNDS 180.527 180,527 5.000 £185,527 5.000 £180,527