THE BECKENHAM PAROCHIAL CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
## TRUSTEES at 31 March 2024
Chairman Mrs K Strachan Ex-Officio Member Revd Father J Blunden
Nominated Members Mrs K Strachan R Mellor S Wells R Mitchell Cllr Mrs K Bance Mrs G Hollamby
Co-Opted Members D Jackson Rev Dr A Jones Mrs C Baker Mrs M Westropp Mrs M Elliott
The Trustees are appointed in accordance with the Scheme for the regulation of the Charity dated 24 January 1997 and approved by the Charity Commission in England and Wales.
Clerk to the Trustees Mrs J Fox (until 31 August 2023) Treasurer R Oliver Principal Bankers National Westminster Bank plc Beckenham, Kent
Independent Examiner A G Gooch FCCA
Charity Registration number 213912
1
THE BECKENHAM PAROCHIAL CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The Trustees of the Beckenham Parochial Charity submit their annual report and accounts for the year ended 31 March 2024.
## _Organisation 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 amalgamation of Charities, the first of which was founded in 1694.
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 promotion of education of young persons living in Beckenham and Penge.
## _Trustees_
The names of the Trustees and other information required to be disclosed are on page 1.
## _Review of the major activities and achievements of the year_
The Charity has continued to fulfil its functions during the year. One Trustee has stepped down during the year, retiring after many years’ service. Two new Trustees were appointed to act from January 2023
The maintenance charges for all properties were increased with effect from1 January 2024. General maintenance has been ongoing with minor works undertaken.
Our continued liaison with local schools has resulted in a number of educational grants being awarded.
We liaise with other local charities in connection with Relief in Need grants and have been pleased to be able to assist an increasing number of individuals with such grants.
2
THE BECKENHAM PAROCHIAL CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
## _Review of the major activities and achievements of the year (continued)_
All properties have been visited and the majority of maintenance work required has been of a minor nature. One of our residents died in November 2023 and the property he occupied for over 25 years is to undergo major renovation in the forthcoming year.
There were nine residents around the area, in three groups of three, seven women and two men but one of the gentlemen died in November. They are visited by one or more of the Trustees and/or spoken to on the telephone regularly.
Some are able to be more active than others. Of the eight remaining residents, all are still independent, but one now has carers attending regularly. Most have additional family support.
All say they are pleased to have their homes and are grateful for what the Charity does for them.
During the year, it was apparent that schools were continuing to operate under challenging conditions due to budgetary constraints and more pupils presenting with continuing issues relating to health and well-being post lockdown. There has been an increase in the number of applications to support pupil wellbeing. Grants have been awarded to provide resources to equip a sensory space for pupils with Special Educational Needs and a lunchtime club for vulnerable children. We have also supported participation in the Duke of Edinburgh Scheme for a local secondary school and enabled the purchase of challenging texts for a sixth form library in order to develop critical literacy and prepare pupils for university application and interviews. We have provided financial support to schools to enable pupils from low-income families to participate in a residential trip and to purchase school uniforms.
We remind local schools every quarter of the support the Charity can offer and draw their attention to the BPC website where more information is available. The Educational Grants for the year totalled £13,005.16.
Applications for Relief in Need continue to be received from a variety of different organisations including Living Well, Bromley Relief in Need, DePaul Charity and Citizens Advice Bureau.
Grants for this financial year totalled £6,968.97 and included the purchase of cookers, washing machines and fridge/freezers, some curtains, flooring coverings, furniture, several beds, a sofa and chest of drawers.
3
THE BECKENHAM PAROCHIAL CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
## _Review of financial transactions_
The Accounts detail a Deficit of Income over Expenditure of £1,920. This arises from a Surplus of £6,175 on the General Fund before transfers to Designated Funds, and a Deficit of £8,095 on the Designated Funds arising from cyclical and extraordinary repairs and maintenance of the properties.
Maintenance Contributions from Residents at £43,104 are £174 lower than those for the previous year. Whilst, as mentioned above, the Contributions were increased as from 1[st] January 2024, one property had become vacant in November 2023 and remained so for the rest of the year pending major refurbishment,
Income from Savings and Investments rose by £376 over the previous year. A Sundry Donation of £500 was received.
Expenditure on the recurring costs of the Almshouses at £39.892, was £10,525 lower than that for the previous year, arising from a fall of £8,570 on the cyclical and extraordinary repair and maintenance of the properties. Educational Grants rose by £190 to £13,005 and Relief in Need Grants were lower by £155 at £6,969. Administration Expenses were lower by £1816 as the previous year included Professional Fees of £1,440 in respect of a valuation of the properties for insurance purposes.
A substantial rise in financial markets during the year resulted in the value of the Charity’s Investments being £141,574 higher as at the year end.
The annual transfers to the Designated Funds were made to provide adequate sums for the maintenance of the properties as the required expenditure falls due. In addition, following the tracing of a document from the Charity Commission, the Glebe Leasehold Redemption Fund which had been maintained between 1997 and 2002 was reinstated in order to comply with the document
This Report was approved by the Trustees on 16[th] October 2024 and signed on its behalf by
## Chairman
4
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF**
## **THE BECKENHAM PAROCHIAL CHARITY**
I report on the accounts of the Trust for the year ended 31[st] March 2024, which are set out on pages 6 to 12.
## **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;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to 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.
A.G. Gooch, FCCA
Chartered Certified Accountant
95 High Street,
Beckenham,
Kent, BR3 1AG
5
## **THE BECKENHAM PAROCHIAL CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024**
|**UNRESTRICTED FUNDS ENDOWMENT**
**Note**
**GENERAL**
**DESIGNATED**
**FUND**
**Incoming Resources**
Investment Income
2
16,171
0
0
Maintenance Contributions
3
43,104
0
0
Other Income - Donations
500
0
0
**Total- Incoming Resources**
59,775
0
0
**Resources Expended**
Direct Charitable Expenditure:-
Almshouse Expenditure
General Fund
31,797
0
Cyclical Maintenance Fund
0
2,976
Exraordinary Repair Fund
0
5,119
3
31,797
8,095
Educational Grants
13,005
0
Relief In Need Grants
6,969
0
51,771
8,095
Administration Expenses
4
1,829
0
**Total- Resources Expended**
53,600
8,095
**Net (Outgoing)Incoming Resources**
**before Transfers**
6,175
(
-8,095 )
(
Transfers between Funds
(
-60,691 )
60,691
**Net (Outgoing)Incoming Resources**
(
-54,516 )
52,596
(
**Gains/(Losses) on Investments**
Realised
0
0
0
Unrealised
50,190
3,714
87,670
(
-4,326 )
56,310
87,670
**Fund Balances brought forward 1st April 2023**
623,588
44,424
973,421
**Fund Balances carried forward 31st March 2024**
619,262
100,734
1,061,091|**TOTAL**
**2024**
16,171
43,104
500
59,775
31,797
2,976
5,119
39,892
13,005
6,969
59,866
1,829
61,695
-1,920 ) (
0
-1,920 )
0
141,574
(
139,654
(
1,641,433
1,781,087|**TOTAL**
**2023**
15,795
43,278
3172
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 )
1,670,682
1,641,433|
|---|---|---|
6
**THE BECKENHAM PAROCHIAL CHARITY**
## **BALANCE SHEET AS AT 31ST MARCH 2024**
|Note
**Fixed Assets**
Tangible Assets
5
Investments
6
**Current Assets**
NatWest Bank Accounts
National Savings Investment Accounts
COIF Deposit Account
Sundry Debtors & Prepayments
**deduct**
:- **Current Liabilities**
Amounts falling due within one year:-
Accruals
**Total- Net Assets**
**Represented by :-**
**Unrestricted Funds**
7
**General Reserve**
**Designated Funds**
Cyclical Maintenance Funds
Extraordinary Repair Funds
Leasehold Redemption Fund
**Endowment Fund**
8|31,241
1,620
2,742
1,124
36,727
6,953
16,010
33,733
50,991|**2024**
0
1,751,313
1,751,313
29,774
1,781,087
619,262
100,734
1,061,091
1,781,087|43,900
1,619
2,615
572
48,706
15,272
14,186
30,238
0|**2023**
0
1,607,999
1,607,999
33,434
1,641,433
623,588
44,424
973,421
1,641,433|
|---|---|---|---|---|
||||||
Approved by the Trustees on 16th October 2024
..................................................... Mrs K Strachan Chairman
........................................ R A Oliver Hon. Treasurer
7
**THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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|£
£
531
15,061
15,592
2
131
446
579
16,171
2024|£
£
477
15,061
15,538
2
53
202
257
15,795
2023|
|---|---|---|---|
8
**THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**
|**3 **
**4 **|**Almshouse Revenue Accounts**
Rawlins
£
**Income**
Maintenance contributions
13,557
**Expenditure**
Estate Management Charge
-
Electricity
6,384
Gas
-
Water
400
Insurance
670
Repairs - General
2,549
Repairs - Cyclical
-
Repairs - Extraordinary
-
Alarn Call Service
-
TV Licences
-
Gifts to Residents
93
10,096
**Transfers to :**
Cyclical Maintenance Fund
1,800
Extraordinary Repairs Fund
1,950
Leasehold Redemption Fund
-
3,750
Net Income(Expenditure) on
Almshouse Revenue
**(289)**
**Administration Expenses**
Office and Meetings
Clerk's Honorarium
Independent Examiner Fee
Pofessional Fees-Insurance Valuation
Subscription - NAA
Sundry Costs|Bertie
£
12,340
-
1,571
2,530
1,067
522
2,797
2,976
5,119
124
-
62
16,768
1,800
1,950
-
3,750
**(8,178)**|Glebe
£
17,207
5,949
5,770
-
507
-
694
-
-
-
15
93
13,028
1,200
1,000
50,991
53,191
**(49,012)**||2024
Total
£
43,104
5,949
13,725
2,530
1,974
1,192
6,040
2,976
5,119
124
15
248
39,892
4,800
4,900
50,991
60,691
**(57,479)**
2024
£
198
-
1,224
-
258
149
1,829|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|
|---|---|---|---|---|---|---|
9
## **THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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|2024
£
787,210
612,272
1,399,482|2023
£
771,774
600,266
1,372,040|
|---|---|---|
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 2023
577,434
57,144
Additions
600
1,140
Sale Proceeds
-
-
Transfers
**(50,991)**
50,991
Unrealised Gains (Losses)on valuation
at 31 March 2024
50,190
3,714
Valuation at 31 March 2024
577,233
112,989
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
564,844
M & G Charity Multi Asset-Acc Shares
112,989
M & G Charity Multi Asset-Inc Shares
12,389
577,233
112,989
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
-
46,068
220,784
60,995
Unrestricted Funds|Endowment
Fund
973,421
-
-
-
87,670
1,061,091
488,165
572,926
1,061,091
149,307
-
149,307|2024
Total
Funds
£
1,607,999
1,740
-
-
-
141,574
1,751,313
488,165
564,844
685,915
12,389
1,751,313
385,018
46,068
431,086|2023
Total
Funds
£
1,623,752
1,740
-
-
**(17,493)**
1,607,999
435,191
517,959
642,676
12,173
1,607,999
385,018
44,328
429,346|
|---|---|---|---|---|
10
## **THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**
## **7 Unrestricted Funds**
|General Reserve
Balance at 1 April 2023
Net (Outgoing)Incoming Resources for the year
Transfers to Designated Funds
Unrealised Gains(Losses) on Investments
Balance at 31 March 2024|£
623,588
6,175
**(60,691)**
50,190
619,262|
|---|---|
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 2023
Transfers from Unrestricted General Fund
Cyclical Maintenance Expenditure
Balance at 31 March 2024
_Extraordinary Repairs Funds_
Balance at 1 April 2023
Transfers from Unrestricted General Fund
Extraordinary Repairs Expenditure
Unrealised Gains(Losses) on Investments
Balance at 31 March 2024
_Leasehold Redemption Fund - Glebe_
Balance at 1 April 2023
Transfer from Unrestricted General Fund
Unrealised Gain(Losses) on Investments
Balance at 31 March 2024
_Total designated funds_|Rawlins
£
1,962
1,800
**-**
3,762
10,757
1,950
**-**
2,942
15,649
19,411|Bertie
£
5,018
1,800
**(2,976)**
3,842
11,611
1,950
**(5,119)**
668
9,110
12,952|Glebe
£
7,206
1,200
-
8,406
7,870
1,000
-
104
8,974
-
50,991
-
50,991
68,371|Total
£
14,186
4,800
**(2,976)**
16,010
30,238
4,900
**(5,119)**
3,714
33,733
-
50,991
-
50,991
100,734|
|---|---|---|---|---|
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.
The Leasehold Redemption Fund was established and is maintained to provide for the redemption of the Leasehold Property at 5,7 & 9 Atkins Drive, West Wickham.
11
## **THE BECKENHAM PAROCHIAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**
|**Endowment Fund**
Balance at 1 April 2023
Unrealised Gain(Losses) on Investments
Balance at 31 March 2024|£
973,421
87,670
1,061,091|
|---|---|
## **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
£
£
577,233
112,989
42,029
**(12,255)**
619,262
100,734
Unrestricted Funds|Endowment
Fund
£
1,061,091
-
1,061,091|Total
£
1,751,313
29,774
1,781,087|
|---|---|---|---|
12