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 1 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: 1. provide and maintain good housing for needy people resident in Beckenham and Penge who are able to live independently, 2. provide grants of money for the relief in need, hardship or distress of residents of Beckenham and Penge, or to former almshouse residents, and 3. 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. 2 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. 3 ## ## ## ## ## ## **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| |---|---|---| 6 ## ||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| |||7||| **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| |---|---|---|---| 8 ## **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| |---|---|---|---|---|---| 9 ## **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| |---|---|---|---|---| 10 ## **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. 11 ## **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| |---|---|---|---| 12