REGISTERED CHARITY NUMBER: 271133
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2023
for
The Thomas Benyon Charitable Settlement
Tearle & Carver Limited Chandos House School Lane Buckingham Buckinghamshire MK18 1HD
The Thomas Benyon Charitable Settlement
Contents of the Financial Statements for the Year Ended 5 April 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
The Thomas Benyon Charitable Settlement
Report of the Trustees for the Year Ended 5 April 2023
The trustees present their report with the financial statements of the charity for the year ended 5 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
In the year 2022/23 the settlement concentrated its resources in raising money for the work of ZANE: Zimbabwe A National Emergency that involves inter alia, looking after pensioners, the mitigation of Clubfoot in children and the provision of basic education to small children. This was the work that TBCS founded in 2002/3; when it became a substantial activity in its own right the work it was spun off to a new charity (number 1112949). It should be noted that TBCS retains the use of the title ZANE: Zimbabwe A National Emergency).
The market for raising funds is difficult because of Putin's war, the rise in inflation and the cost of living. TBCS has not embraced any new charitable initiatives in this year of account.
No trustees were paid expenses and the running costs remain modest.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
271133
Principal address
Rectory Farmhouse 2 Church Street Bladon Oxfordshire OX20 1RS
Trustees
T Y Benyon O J Benyon C Hayns C J Y Sinclair
Independent Examiner
Tearle & Carver Limited Chandos House School Lane Buckingham Buckinghamshire MK18 1HD
31 January 2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
....................................................................... Thomas Benyon Trustee
Page 1
Independent Examiner's Report to the Trustees of The Thomas Benyon Charitable Settlement
Independent examiner's report to the trustees of The Thomas Benyon Charitable Settlement
I report to the charity trustees on my examination of the accounts of The Thomas Benyon Charitable Settlement (the Trust) for the year ended 5 April 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the ERROR - relevant professional body must be completed, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kameliya Harrison
Tearle & Carver Limited Chandos House School Lane Buckingham Buckinghamshire MK18 1HD
Date: ............................................. 31 January 2024
Page 2
The Thomas Benyon Charitable Settlement
Statement of Financial Activities for the Year Ended 5 April 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,900 EXPENDITURE ON Charitable activities Charitable Activites 2,522 NET INCOME 8,378 Transfers between funds 8 235,676 Net movement in funds 244,054 RECONCILIATION OF FUNDS Total funds brought forward 68,051 TOTAL FUNDS CARRIED FORWARD 312,105 |
Restricted fund £ 355,509 119,833 235,676 (235,676) - - - |
2023 Total funds £ 366,409 122,355 244,054 - 244,054 68,051 312,105 |
2022 Total funds £ 86,517 |
|---|---|---|---|
| 72,900 | |||
| 13,617 - |
|||
| 13,617 54,434 |
|||
| 68,051 |
The notes on page 0 form part of these financial statements
Page 3
The Thomas Benyon Charitable Settlement
Balance Sheet 5 April 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 56 Investments 5 2,550 2,606 CURRENT ASSETS Debtors 6 965 Cash at bank 312,523 313,488 CREDITORS Amounts falling due within one year 7 (3,989) NET CURRENT ASSETS 309,499 TOTAL ASSETS LESS CURRENT LIABILITIES 312,105 NET ASSETS 312,105 FUNDS 8 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - - |
2023 Total funds £ 56 2,550 2,606 965 312,523 313,488 (3,989) 309,499 312,105 312,105 312,105 312,105 |
2022 Total funds £ 136 2,550 2,686 - 69,353 69,353 (3,988) 65,365 68,051 68,051 68,051 68,051 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 31 January 2024
Thomas Benyon ............................................. Trustee
The notes on page 0 form part of these financial statements
Page 4
The Thomas Benyon Charitable Settlement
Notes to the Financial Statements for the Year Ended 5 April 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor vehicles - 25% on reducing balance Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022.
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continued...
The Thomas Benyon Charitable Settlement
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| fund | fund | funds | |||||
| £ | £ | £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies | 9,149 | 77,368 | 86,517 | ||||
| EXPENDITURE ON | |||||||
| Charitable activities | |||||||
| Charitable Activites | 7,792 | 65,108 | 72,900 | ||||
| NET INCOME | 1,357 | 12,260 | 13,617 | ||||
| Transfers between funds | 42,682 | (42,682) | - | ||||
| Net movement in funds | 44,039 | (30,422) | 13,617 | ||||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 24,012 | 30,422 | 54,434 | ||||
| TOTAL FUNDS CARRIED FORWARD | 68,051 | - | 68,051 | ||||
| 4. | TANGIBLE FIXED ASSETS | ||||||
| Motor | Computer | ||||||
| vehicles | equipment | Totals | |||||
| £ | £ | £ | |||||
| COST | |||||||
| At 6 April 2022 and 5 April 2023 | 3,000 | 15,955 | 18,955 | ||||
| DEPRECIATION | |||||||
| At 6 April 2022 | 2,947 | 15,872 | 18,819 | ||||
| Charge for year | 53 | 27 | 80 | ||||
| At 5 April 2023 | 3,000 | 15,899 | 18,899 | ||||
| NET BOOK VALUE | |||||||
| At 5 April 2023 | - | 56 | 56 | ||||
| At 5 April 2022 | 53 | 83 | 136 | ||||
| 5. | FIXED ASSET INVESTMENTS | ||||||
| Listed | |||||||
| investments | |||||||
| £ | |||||||
| MARKET VALUE | |||||||
| At 6 April 2022 and 5 April 2023 | 2,550 | ||||||
| NET BOOK VALUE | |||||||
| At 5 April 2023 | 2,550 | ||||||
| At 5 April 2022 | 2,550 | ||||||
| There were no investment assets outside the UK. |
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continued...
The Thomas Benyon Charitable Settlement
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
| 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 8. MOVEMENT IN FUNDS At 6/4/22 £ Unrestricted funds General fund 68,051 Restricted funds Restricted Funds - TOTAL FUNDS 68,051 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS Comparatives for movement in funds At 6/4/21 £ Unrestricted funds General fund 24,012 Restricted funds Restricted Funds 30,422 TOTAL FUNDS 54,434 |
Net movement in funds £ 8,378 235,676 244,054 Incoming resources £ 10,900 355,509 366,409 Net movement in funds £ 1,357 12,260 13,617 |
2023 2022 £ £ 965 - 2023 2022 £ £ 3,989 3,988 Transfers between At funds 5/4/23 £ £ 235,676 312,105 (235,676) - - 312,105 Resources Movement expended in funds £ £ (2,522) 8,378 (119,833) 235,676 (122,355) 244,054 Transfers between At funds 5/4/22 £ £ 42,682 68,051 (42,682) - - 68,051 |
|---|---|---|
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continued...
The Thomas Benyon Charitable Settlement
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 9,149 | (7,792) | 1,357 |
| Restricted funds | |||
| Restricted Funds | 77,368 | (65,108) | 12,260 |
| TOTAL FUNDS | 86,517 | (72,900) | 13,617 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
At 6/4/21 £ 24,012 30,422 54,434 |
Net movement in funds £ 9,735 247,936 257,671 |
Transfers between funds £ 278,358 (278,358) - |
At 5/4/23 £ 312,105 - |
|---|---|---|---|---|
| 312,105 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
Incoming resources £ 20,049 432,877 452,926 |
Resources Movement expended in funds £ £ (10,314) 9,735 (184,941) 247,936 (195,255) 257,671 |
Resources Movement expended in funds £ £ (10,314) 9,735 (184,941) 247,936 (195,255) 257,671 |
|---|---|---|---|
| 257,671 |
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continued...
The Thomas Benyon Charitable Settlement
Notes to the Financial Statements - continued for the Year Ended 5 April 2023
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2023.
Page 9
The Thomas Benyon Charitable Settlement
Detailed Statement of Financial Activities for the Year Ended 5 April 2023
| INCOME AND ENDOWMENTS Donations and legacies Gift aid donations Donations Total incoming resources EXPENDITURE Charitable activities Donations to other charities Support costs Finance Motor vehicles Computer equipment Other 2 Loss on sale of heritage asset Governance costs Accountancy and legal fees Total resources expended Net income |
2023 £ 8,160 358,249 366,409 366,409 119,833 53 28 81 77 2,364 122,355 244,054 |
2022 £ 6,527 79,990 |
|---|---|---|
| 86,517 | ||
| 86,517 70,608 18 28 |
||
| 46 - 2,246 |
||
| 72,900 | ||
| 13,617 |
This page does not form part of the statutory financial statements
Page 10