REPORT OF THE TrUSTEES AND FINANCIAL STATEMENTS OF ROYAL BELGIAN BENEVOLENT SOCIETY IN LONDON FOR THE YEAR ENDED 31 DECEMBER 2024 Registsred Charity No. 233435 CRANE & PARTNERS Charterad A¢¢ounlants ROYAL BELGIAN BENEVOLENT SOCIETY IN LONDON LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 BOARD OF TRUSTEES Mr. T. Vandenkendelaere Ichaiirnan & Honorary Secr8taryl Rev. Canon P. Wright (ViceThChairmanl Mr. L. Maistriaux (Treasurer) Mr. M. Vanhoon8¢ker Dr. C. Van Ruymbake Mrs. A. Verity Mr. J-C. Maerten Mrs. C. Colvin Ms. Verhelsl ACTIVE MEMBERS Mr. P. Camemn TaWor Mr5. A. Verity Mr. P. Sauvage Mr. W De Bosscher Mr. S. Van Hoof Ms R. Van Larken Ms C. Schrurs Ms J. Hamoir Mr. S Gentils Mr. S. Di8rckx Mr. M. Vanhavarbek Mr. C Keysers INDEPENDENT EXAMINER G. Atkin FCA Crane & Partners Chart8red Accountants Leonard House &7 Newman Road Bromley Kent BR1 1RJ BANKERS Barclays Bank UK PLC Leicester LE87 2BB ROYAL BELGIAN BENEVOLENT SOCIETY IN LONDON INDEX Page Trustees Annual Report Report of the Independent Examiner Ststemenl of Financlal Activities Balance Sheet Notes to thB Financial Stst8ments ROYAL BELGIAN BENEVOLENT SOCIEfY IN LONDON TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Maln Activltlos and A¢hlevem•nts The Souety has the 5018 object of benevolence and tharity for th8 benefit of Belglans in n8ed. The financial position of the Society is shown by Ihe attached accounts. Three grants totalllng £10,000, were m8de during the year. in accordance with our charitabl8 objectives. Grants Decisions on grants ar8 made by regular consultation bets¥een the members of the Board of Trustees, and matters of general policy are d8cided at the Annual General M68tings. Trustees The Trustees who Se￿ed during th8 year were.. Mr. T. Vandenkendelaer8 {Chairman & Honorary SeGretaryl Rev. Canon P. Wright Ivice-chairmanl Mr. L. Maislriaux {Trea5urer) Mr. M. Vanhoona¢ker Dd, C. Van Ruymbake Mrs. A. Vertty Mr. J-C. Maarten Mrs. C. Colvin Ms. M Verhelst Reserves The reserves of the &￿iety are invested with its bankers or In a manner authoris&d by the Trustee A¢t 2000 and the Trustee Inv8strnent Act 1961. Royal Patronage His Majesty King Philip I has gra¢iously granted his patronage to the Royal Belgian Ber￿Olent Society for a period offive years to December 2024. Statement of Tru$tees Responsiblllti98 The Trustees are responsible for preparing accounts for each financial year which give a true and fair Vigw of the state of affairs al the Tru51 at the end of the financial year and of th& surplus or deficit for that period. In preparing the acoounts. suitable aceountin9 poli￿e$ hgvo been used and applied C(￿51st￿ntiy, and reasonable and prud8nt judgem8nls have been made. The Trustees are also sponsibl8 for maintsining adequate accounting records. for safeguarding the assets of the Trust, and for preventing and detecting fraud and oth8r irr8gularitigS. Mr. T. Vand8nkendolaere Trust88 25 March 2025 REPORT OF THE INDEPENDENT EXAMINER ROYAL BELGIAN BENEVOLENT SOCIETY IN LONDON I report on the accounts of the Charity for the year endéd 31st December 2024, whith are set out on pag&s Ihreo lo live. Respocllve responsibllllks of trustees al￿ examlner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Acl 2011 {"Ihe Act'l. Th8 charitws trustees consider that an audit is not r8quired for this year under Sectlon 144 of the Act and that an independent examination is needed. It is my responsiblltty to.. - examine thg accounts under section 145 of tho Act, to follow the applicable Dlrections given by the Chaiity Commission under section 145151(b) of the Act, and Basis of Independènt examin8¢s report My examination was carried out in accordance with g8neral Directions giv8n by the Charity Commission. An examination indudes a remew of the accountlng records kept by the charity and comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the 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 'lrue and fai view and the report is limited lo those matters set out in the statement below. Independent examIne￿S statement In connection wth my exarnination, no material matter has ￿rna to my attention which gtves me Gause to believe that in, any mat8rial resp8Ct'. - th$ accounting records were not kept in a¢cordan¢e Section 130 of the Charities Act., or - the accounts did not accord wth the accounting records,. or the accounts did not comply with applicabl8 requirements conceming the fomi and content of the accounts sel out in the Charities {Accounts and R8POrtsl Rggulations other than any requirement that the accounts give a Iruè and fairt view which is not a matter Gonsid&red as part of an independent examination. I hava nD GOn￿mS and have come across no other matters in connection wth tho examination to which attention should be drawn in this report in ord8r lo enable a proper understanding of the accounts to be rèached. Graham Atkin FCA Crane & Partn6rs Charte￿d Accountttnls Leonard House 5-7 Newman Road, Bromley. Kent, BR1 1RJ 25 March 2025 ROYAL BELGIAN BENEVOLENT SOCIETY IN LONDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 UNRESTRICTED FUNDS INCOMING RESOURCES Interest reGeived Donations Inv&slment income 16 40,309 5,480 71,893 4,509 Total incomlng resourcos 45.805 16,402 RESOURCES EXPENDED Charitable expenditure.. Grants payable 10.000 13.000 Donations Expenses 1,030 Total resources expended 10,564 14,030 Net in¢omlng resourcos 35.241 2.372 Other recognised GalnsllLos$gsl Reall$ed gain on dl$posal of Investmgnts Mov•ment in valuation of Jnvestments 9,015 5,086 SURPLUS FOR THE YEAR 44.256 7,458 Balanee brought fonvard 193,385 185,927 Balance carri•d forward 237,641 193,385 ROYAL BELGIAN BENEVOLENT SOCIETY IN LONDON BALANCE SHEET AS AT31ST DECEMBER 2024 2024 2023 FIXED ASSETS Investment5 200,995 191,979 CURRENT ASSET8 Debtors Cash al bank and in hand 40,774 40,774 6,694 6,694 CREDITORS: Amounts falllng due wlthin one year {4,128) 15.288) NET CURRENT ASSETS 36,646 1A06 TOTAL NET ASSETS 193,385 GENERAL FUND 237,641 193,385 Approved at a meeting of the trustees held on 25 March 2025 Mr. T. Vandenk8ndelaero Chairman Mr. L. Maislrfaux Treasurer ROYAL BELGIAN BENEVOLENT SOCIETY IN LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES al Accounting convention The flnancial statements are prepar8d under the historical cost convention, as modrfied by the Induslon ol investments at market valu8. In prepartng thè financial statements. the charity followed best praclice as la￿ down in the Statement of Recommended Praclice"Accounting and Reporting by Chariti8s" ISORP 20051. b} Investment incom• Investment income is accounted for in the period in whith the charity is entitled to r8ceipt. c} Re50urc&s expended Expenditure is included on an accruals basis. dl Fixed Asset Investments Investments are indltded at ¢tosing mid-market value al the Balance Sheet dats. Any gain or loss on revaluation is taken lo the Ststernent of Financial Activiti8S. 2. ADMINISTRATION EXPENSES 2024 2023 Accountancy Bank charge5 Management fees Sundry 466 564 1,030 3. FIXED ASSET INVESTMENTS Total Market value at 1st January 2023 191.979 Additions Movement In valuation during the year 9.016 Market value at 31st De*mber 2024 200 995 4. FUNDS Un￿StriCted fvnds represent thos8 fijnds which the trustees ar8 free to use in accordanc8 with the