THE BECKENHAM PAROCHIAL CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
TRUSTEES
Chairman Mrs K Strachan Revd Father J Blunden
Nominated Members Mrs G Scales Mrs K Strachan R Mellor Cllr S Wells R Mitchell
Co-Opted Members D Jackson Rev Dr A Jones Mrs C Baker Mrs M Westropp Mrs M Ellio�
The Trustees are appointed in accordance with the Scheme for the regula�on of the Charity dated 24 January 1997 and approved by the Charity Commission in England and Wales.
Clerk to the Trustees Mrs J Fox Treasurer R Oliver Principal Bankers Na�onal Westminster Bank plc Beckenham, Kent
Independent Examiner A G Gooch FCCA
Charity Registra�on number 213912
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THE BECKENHAM PAROCHIAL CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The Trustees of the Beckenham Parochial Charity submit their annual report and accounts for the year ended 31 March 2023.
Organisa�on and aims
The Beckenham Parochial Charity is regulated by a Scheme dated 24 January 1997, approved by the Charity Commissioners of England and Wales. It is an amalgama�on of Chari�es, the
The primary purposes of the Charity are to:
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provide and maintain good housing for needy people resident in Beckenham and Penge who are able to live independently,
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provide grants of money for the relief in need, hardship or distress of residents of Beckenham and Penge, or to former almshouse residents, and
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provide grants of money for the promo�on of educa�on of young persons living in Beckenham and Penge.
Trustees
The names of the Trustees and other informa�on required to be disclosed are on page 1.
Review of the major ac�vi�es and achievements of the year
down during the year, one re�ring a�er many years’ service and the other resigning for personal reasons.
The maintenance charges for all proper�es have remained unchanged during the year. General maintenance has con�nued as it arises. In addi�on, cyclical internal repair and redecora�on at 5 Bromley Road and external redecora�on of the Ber�e Almshouses at 31-33 Bromley Road was undertaken. It also became necessary to carry out major repairs arising from wet rot in a par��on wall at 3 Bromley Road.
Our con�nued liaison with local schools has resulted in a number of educa�onal grants being awarded.
We liaise with other local chari�es in connec�on with Relief in Need grants and have been pleased to be able to assist an increasing number of individuals with such grants.
There are nine residents, in three groups of three, around the area, seven women and two men. They are visited by one or more of the Trustees and/or spoken to on the telephone regularly.
Some are able to be more ac�ve than others. All are s�ll independent, albeit one now has carers a�ending on daily. Most have addi�onal family support.
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THE BECKENHAM PAROCHIAL CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Review of the major ac�vi�es and achievements of the year (con�nued)
All say they are pleased to have their homes and are grateful for what the Charity does for them.
economic condi�ons and the a�er effects of lockdown, specifically the impact of reduced pupil socialisa�on and learning, were s�ll being experienced. Grants have been awarded for the provision of outdoor play equipment to improve the physical and developmental skills for recep�on class pupils who lacked opportuni�es during lockdown and a whole school wellness day focusing on the well-being of pupils and staff. Grants were also awarded for early years support for struggling readers in recep�on classes.
Extra-curricular ac�vi�es
struggling financially to par�cipate in a residen�al trip.
The Student Bursary Scheme that was introduced in January 2021 has been withdrawn as no applica�ons were forthcoming.
a�en�on to the BPC website where more informa�on is available. The Educa�onal Grants for the year totalled £12,815.
and include an applica�on from the office of a local MP. Other applica�ons have been from Living Well, Bromley Relief in Need and Ci�zens Advice Bureau.
machines,1 fridge/freezer, some curtains, flooring, furniture, vacuum cleaners, bedding and towels.
The Accounts detail a Deficit of Income over Expenditure of £11,756. This arises from a Surplus of £4,909 on the General Fund before transfers to Designated Funds, and a Deficit of £16,665 on the Designated Funds arising from cyclical and extraordinary repairs and maintenance of the properties.
Maintenance Contributions from Residents at £43,278 rose by £4.229 over those for the previous year reflecting a full year at the increase as from 1[st] January 2022. Income from Savings and Investments rose by £574 over the previous year.
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THE BECKENHAM PAROCHIAL CHARITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| UNRESTRICTED FUNDS ENDOWMENT Note GENERAL DESIGNATED FUND Incoming Resources Investment Income 2 15,795 0 0 Maintenance Contributions 3 43,278 0 0 Other Income - Donations 3,172 0 0 Total- Incoming Resources 62,245 0 0 Resources Expended Direct Charitable Expenditure:- Almshouse Expenditure General Fund 33,752 0 Cyclical Maintenance Fund 0 8,379 Exraordinary Repair Fund 0 8,286 3 33,752 16,665 Educational Grants 12,815 0 Relief In Need Grants 7,124 0 53,691 16,665 Administration Expenses 4 3,645 0 Total- Resources Expended 57,336 16,665 Net (Outgoing)Incoming Resources before Transfers 4,909 ( -16,665 ) ( Transfers between Funds ( -9,700 ) 9,700 Net (Outgoing)Incoming Resources ( -4,791 ) ( -6,965 ) ( Gains/(Losses) on Investments Realised 0 0 0 Unrealised ( -20,177 ) 638 2,046 ( ( -24,968 ) ( -6,327 ) 2,046 ( Fund Balances brought forward 1st April 2022 648,556 50,751 971,374 Fund Balances carried forward 31st March 2023 623,588 44,424 973,420 |
TOTAL 2023 15,795 43,278 3,172 62,245 33,752 8,379 8,286 50,417 12,815 7,124 70,356 3,645 74,001 -11,756 ) 0 -11,756 ) 0 -17,493 ) -29,249 ) 1,670,681 1,641,432 |
TOTAL 2022 15,221 39,049 375 54,645 32,751 0 0 32,751 9,750 9,146 51,647 2,035 53,682 963 0 963 0 151,833 152,796 1,517,885 1,670,681 |
|---|---|---|
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| Note | 2023 | 2022 | ||
|---|---|---|---|---|
| FixedAssets | ||||
| TangibleAssets | 5 | 0 | 0 | |
| Investments | 6 | 1,607,998 | 1,623,750 | |
| 1,607,998 | 1,623,750 | |||
| CurrentAssets | ||||
| NatWestBankAccounts | 43,900 | 46,818 | ||
| NationalSavingsInvestmentAccounts | 1,619 | 1,617 | ||
| COIFDepositAccount | 2,615 | 2,570 | ||
| SundryDebtors&Prepayments | 572 | 1,288 | ||
| 48,706 | 52,293 | |||
| deduct:-CurrentLiabilities | ||||
| Amountsfallingduewithinoneyear:- | ||||
| Accruals | 15,272 | 5,362 | ||
| 33,434 | 46,931 | |||
| Total-NetAssets | 1,641,432 | 1,670,681 | ||
| Representedby:- | ||||
| UnrestrictedFunds | 7 | |||
| GeneralReserve | 623,588 | 648,556 | ||
| DesignatedFunds | ||||
| CyclicalMaintenanceFunds | 14,186 | 17,765 | ||
| ExtraordinaryRepairFunds | 30,238 | 32,986 | ||
| 44,424 | 50,751 | |||
| EndowmentFund | 8 | 973,420 | 971,374 | |
| 1,641,432 | 1,670,681 | |||
| ApprovedbytheTrusteeson18thOctober | 2023 | |||
| t(, MrsKStrachan |
RAOliver | |||
| Chairman | Hon.Treasurer | |||
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THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting Policies
Basis of Accounting
The accounts are prepared under the historical convention, with the exception that investments are valued at mid-market prices as at the Balance Sheet date, and in accordance with The Charities Act 2011, applicable accounting standards and the requirements of the Statement of RecommendedPractice - Accounting and Reporting by Charities (SORP).
1 - Incoming Resources
All incoming resources are recognised in statement of financial activities when they are receivable by the charity.
2 - Resources Expended
Resources expended are recognised in the period in which they are incurred. Resources expended includes VAT which cannot be reclaimed
Direct charitable expenditure includes the cost of maintaining the properties of the Charity, and of all other applications of income approved by the Scheme for the regulation of the Charity dated 24 January 1997
Transfers
The trustees, in accordance with their powers, have approved the transfers of amounts of annual income to the designated funds, as disclosed in the accounts.
Tangible Fixed Assets
Due to the restrictions placed on the use of the Charity's properties, they have not been capitalised. They are, however, summarised and shown in note 5.
Investments
Investments listed on a recognised stock exchange, including investment and unit trusts, are stated at midmarket value.
Net Investment gains or losses for the year, both realised and unrealised, are disclosed in the Statement of Financial Activities.
| **2 ** | Investment Income Dividends M & G Multi Asset Shares COIF Shares Interest National Savings Account COIF Deposit Account Bank Accounts Total |
£ £ 477 15,061 15,538 2 53 202 257 15,795 2023 |
£ £ 450 14,765 15,215 1 1 4 6 15,221 2022 |
|---|---|---|---|
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THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
| 3 **4 ** |
Almshouse Revenue Accounts Rawlins £ Income Maintenance contributions 13,297 Expenditure Estate Management Charge - Electricity 6,882 Gas - Water 358 Insurance 635 Repairs - General 2,897 Repairs - Cyclical 3,189 Repairs - Extraordinary 8,286 Alarn Call Service - TV Licences 8 Gifts to Residents 74 22,329 Transfers to : Cyclical Maintenance Fund 1,800 Extraordinary Repairs Fund 1,950 Leasehold Redemption Fund - 3,750 Net Income(Expenditure) on Almshouse Revenue (12,782) Administration Expenses Office and Meetings Clerk's Honorarium Accountancy Fee Pofessional Fees-Insurance Valuation Subscription - NAA Sundry Costs |
Bertie £ 13,556 - 1,148 2,768 955 494 2,723 5,190 - 206 7 74 13,565 1,800 1,950 - 3,750 (3,759) |
Glebe £ 16,425 6,909 6,422 - 498 - 620 - - - - 74 14,523 1,200 1,000 - 2,200 (298) |
2023 Total £ 43,278 6,909 14,452 2,768 1,811 1,129 6,240 8,379 8,286 206 15 222 50,417 4,800 4,900 - 9,700 (16,839) 2023 £ 236 400 1,188 1,440 209 172 3,645 |
2022 Total £ 39,049 7,359 11,477 1,311 1,731 1,037 9,456 - - 202 - 178 32,751 4,800 4,900 (48,390) (38,690) 44,988 2022 £ 185 400 1,128 - 203 119 2,035 |
|---|---|---|---|---|---|
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THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
5 Tangible Fixed Assets
The Charity owns land and buildings which are used as Almshouses and to which restrictions on disposition are imposed by the Charities Act 1993. A summary of them and their insured values are as follows:
| Freehold Property: 1,3 & 5 Bromley Road, Beckenham, Kent 31,31A & 33 Bromley Road, Beckenham, Kent |
2023 £ 771,774 600,266 1,372,040 |
2022 £ 654,101 508,743 1,162,844 |
|---|---|---|
Leasehold Property
5,7 & 9 Atkins Drive, West Wickham, Kent. Insured by the Glebe Housing Association under a block policy covering all their properties. The Trustees consider that adequate cover is in place.
The Leasehold Property is comprised in a lease dated 11 December 1995, for a term of 60 years.
| **6 ** | Fixed Asset Investments General Designated £ £ Valuation at 1st April 2022 597,011 55,366 Additions 600 1,140 Sale Proceeds - - Transfers - - Unrealised Gains (Losses)on valuation - - at 31 March 2023 (20,177) 638 Valuation at 31 March 2023 577,434 57,144 The valuation at 31 March 2023 comprises Investments listed on a recognised stock exchange including investments and unit trusts: COIF Accumulation Shares - - COIF Income Shares 517,959 - M & G Charity Multi Asset-Acc Shares 47,302 57,144 M & G Charity Multi Asset-Inc Shares 12,173 - 577,434 57,144 Historical cost or value The historical cost or value of the investments dating from the scheme establishing the charity, are Value at 24 January 1997 220,784 14,927 Cost since - 29,328 220,784 44,255 Unrestricted Funds |
Endowment Fund 971,374 - - - - 2,046 973,420 435,191 - 538,229 - 973,420 149,307 - 149,307 |
2023 Total Funds £ 1,623,751 1,740 - - - (17,493) 1,607,998 435,191 517,959 642,675 12,173 1,607,998 385,018 29,328 414,346 |
2022 Total Funds £ 1,470,178 1,740 - - - 151,833 1,623,751 439,102 538,330 633,798 12,521 1,623,751 385,018 40,848 425,866 |
|---|---|---|---|---|
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THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
7 Unrestricted Funds
| General Reserve Balance at 1 April 2022 Net (Outgoing)Incoming Resources for the year Transfers between Funds Unrealised Gains(Losses) on Investments Balance at 31 March 2023 |
£ 648,556 4,909 (9,700) (20,177) 623,588 |
|---|---|
The General Reserve represents the unrestricted funds which the Trustees are free to use in accordance with the charitable objects, and which are not designated for particular purposes.
| Designated Funds Cyclical Maintenance Funds Balance at 1 April 2022 Transfers from Endowment Income Fund Cyclical Maintenance Expenditure Balance at 31 March 2023 Extraordinary Repairs Funds Balance at 1 April 2022 Transfers from Endowment Income Fund Extraordinary Repairs Expenditure Unrealised Gains(Losses) on Investments Balance at 31 March 2023 Total designated funds |
Rawlins £ 3,351 1,800 (3,189) 1,962 16,588 1,950 (8,286) 505 10,757 12,719 |
Bertie £ 8,408 1,800 (5,190) 5,018 9,546 1,950 - 115 11,611 16,629 |
Glebe £ 6,006 1,200 - 7,206 6,852 1,000 - 18 7,870 15,076 |
Total £ 17,765 4,800 (8,379) 14,186 32,986 4,900 (8,286) 638 30,238 44,424 |
|---|---|---|---|---|
The Cyclical Maintenance Funds were established and are maintained as a reserve fund for the purpose of providing for those items of ordinary maintenance and repair of the Almshouses and other property of the Charity which recur at infrequent intervals.
The Extraordinary Repairs Funds were established and are maintained as a reserve fund for the purpose of providing for the extraordinary repair, improvement or rebuilding of the Almshouses and other buildings of the Charity.
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THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
| Endowment Fund Balance at 1 April 2022 Unrealised Gain(Losses) on Investments Balance at 31 March 2023 |
£ 971,374 2,046 973,420 |
|---|---|
8 Endowment Fund
The Endowment Fund represents those Assets which must be held permanently by the Charity, which are all Investments in Accumulation Shares. Income arising on the Endowment Fund Investments is automatically re-invested, and is reflected in the Accumulation Share price. Any capital gains or losses arising on the Investments, both realised and unrealised, form part of the Fund, and the income is not shown separately. Investment management charges and legal advice relating to the fund are charged against it.
9 Analysis of Net Assets between Funds
| Fund balances at 31 March 2023 are represented by: Fixed Asset Investments Current Assets |
General Designated £ £ 577,434 57,144 46,154 (12,720) 623,588 44,424 Unrestricted Funds |
Endowment Fund £ 973,420 - 973,420 |
Total £ 1,607,998 33,434 1,641,432 |
|---|---|---|---|
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