CHARtTY REGISTRATION NUMBER." 294558 The Patricia Beecham Charitable Settlement Unaudited Financial Statements 5 April 2024 CARSTON ETL Chartered accountants Second Floor 34 Lime Street LorKlon EC3M 7AT The Patricia Beecham Charitable Settlement Financial Statsments Yèar ended 5 April 2024 Page Trustees, annual report Independent examinerfs report to Ihe irustees ststemenl of financial activities Ststem8nt of financial position Notes to the financial stalements The Patricia Beecham Charltable Settlement Trustses. Annual Report Year ended 5 Aprfl 2024 The tru51ees present their rep)rt and the unaudited finarKial statements ofthe c*wityfor the year ended 5 April 2024. REFERENCE AND ADMINISTrATIVE DETAILS Reg18tered charlty nam• The Pa￿la Beecham Charitable Settlem6nl Charfty rngtstratk•n numb•r 294558 Prlnclpal offk• 6 Chester Gale London NW14JH Tho tru$t• Mrs P A Beech8m Ms L E Waidhofer IndoPond•nt oxarnlnw Farzana Ahmed FCCA se￿nd Floor 34 Lime Street London EC3M 7AT OBJECTNE8 AND AcnvmES Objocts Clause 3 of the Tru81 Deed - 'The Truste88 shall hokl th8 cawl and I￿X)me of Trusl FuThl up trust to apply the income and dl or such part or parts of the capytal for or towards Such ¢haritsble purposes and to make donalts)n810 lime or times ald in such manmr as tho Tru$te88 may in th8ir absolute discretion think fil.. Therelg 8 21 year accumulation period %thich eThled on 11 April 2007. Actlvltl•s In the year The prlnclpal actlvlty In the year wa8 to make donatKxw lo membors of the beneficlal class. When plannlng actfvlues the Trustees have con8ldered th8 Charity Commiss¥￿.8 guidance on publlc benefh. ACHIEVEMENTS AND PERFORMANCE The charity 8chieved its Objectr￿S and pW1￿Me￿ wi I1￿ ¥<h tre Tntstees. expectallons In 88115fy6TrJ their grant-Ma￿ng decisions. The Patricia Beecham Charitable Settlement Trustees. Annual Report (continu•¢Q Year ended S April 2024 FINANCIAL REVIEW Inv•stmenl poli¢y The settiement has furKis invested by Hargrewies Landsdown wrth the overall investffenl objective being lo achieve a balanced r8tum between catyal gr(1￿h and income generation, wrth a nTr)derat8 èxposure lo risk. R•s•rv•s pollcy Unrestrthd reserves amount to £78.578 {2023 £73.6491 al the year end. Any shortfalls arising will be covered by the capital grfNAh of th8 expendable end0wm￿t which amunts to £355,431 12023 £334.2141 al the year*nd STRUCTURE, GOVERNANCE AND IIANAGEMEpir Rl•k Manag•ffl•nt As a granl-making charity, the trustees do r￿1 Tegard the trust as belng exposed lo S￿nIficant risks. On8 sk that the Iruslees have consIde￿ is the possibilrty of fraudulent applications being made to the trust and as a result, funds paid out for, ultimately, improper purrose$. However, thè Irust8es make every effort lo ensure donat#)ns are onty maye to ￿9111mate reoplents. The trustees, annual report was approved on 29 January 2025 aTrJ slgned on behalf of Ihe board of tru81ees by: Trusteo The Patricia Beecham Charitable Settlement Independent Examlnerfs Report to the Trustees of The Patricia Beecham Charitable Settlement Yèar ended S Aprll 2024 I report lo the trustees on myexamlnatlon of the financial statements of Th8 pa￿ra Bee¢ham Charitable Settlement I'lhe Charity'l for Ihe year ended 5 April 2024. RMponsibiIiti￿ and balls of report As the trustees of the charity you are responsible for the Fyeparation of the finarthl statements in a¢¢ordanGfj wrth the requirements ofthe charrt￿ Act 2011 ('the ACYI. I report In respect of my examinatlon of th& charity's financial ststements carrkd out undef 5￿tIon 145 of the 2011 A¢1 and in carrylng out my examination I have followed all the applicable Directions glven by the Charity COMMI￿lOn under seclion 145(5Kb) of the A(*. Ind•p•nd•nt •xamln•¢$ stsl•m•nt I have completed my 8xamination. l rni pw¢ ofthg$8 statom•nts. The Patricia Beecham Charitable Settlement Statsment of Flnancial Position 5 April 2024 2023 Flxed auots Investments 13 353,431 334,214 Curr•nt •••ats Cash at bank and in hand 79,778 74,849 Ciodltorn: amounts falllng du• wlthln ong yMr Not current a8••ts 14 1,200 1,2C(S 73,649 407,863 434,009 407,883 78,578 Total a8•0ts l•*• eurrnnt Il•blllll•s N•t •¥8•ts Funds of the charfty Endowment funds Unrostrthd funds 365031 78,578 434.009 334,214 73,649 407,883 Total ¢harlty fund• 15 These financlal stalements were approved ty the board ol trustees and authori88d for issue on 29 January 2025 and are signed on behaK of the toard by. /l_J£_ Th& notss on wfj$ 6 to 10 fomi p•rt of th988 finandal *tst•mont•. The Patricia Beecham Charitable Settlement Notes to the Flnanclal Statements Year ended S Aprfl 2024 Gonoral Infomiatlon The ¢harty 1$ a publiG benefit entity and a register8d tharty in England and Wales and Is unincorptyaled. The address of the prirKipal off￿e is 6 Chester Gale, Lo￿lOn, NW1 4JH. I Slat•mont of ¢ompll•K• These financial statements have boen ryepared kn o)mpllarKe Imth FRS 102. Tha Financi81 ReportirKJ Standard applIca￿fr In thè UK and the Reput4ic of I￿land,. th8 Statement of Recommended Practlce applleable to charttlès prewlng Ihdr accounts In aco)rdance with the Financial Reporting Standard applicablè in the UK and Rèpublk of IrdaThJ (FRS 1021 {Charilies SORP (FRS 102)) arKI thè Charlkn Act 2011. Accountbng pollcbo• Ba•1• of pr•parntlon Th8 financlal st81ements have been kYep8red on the historiL¥l cxJ8t ba8is, except for Investm8nl8 which ar8 Induded al market value. Golng Goncorn Thor• aro no materlal urtert8lnti88 8t￿1 tho charws ablltty lo COn￿nU0. Judg•m•nls and k•y •our¢•• of Mtimatlon unc•rt•lnty The preparation of the flnan¢ial statemeDls requir65 Manageff￿nI lo make judgements, e$limales and assurnplion$ that affe¢t the amwnts reported. These osllmates and judgements are contlnually reviewed aThJ are based on exp¥ier￿e and factors. induding expectallon8 of future events that are ￿lIeVed lo b8 rea8<￿able under th8 ctr￿l￿tan¢e8. Fund accountlng Unr88trfcted funds we avalable for u88 at th& d18c¥etlon of th8 Iru8te83 to further any of the charity's purpo8e8. Incornlng r•sourc•• Al Ino)me 1$ Included in the statement of finartkil activit￿ when enllllemenl has passed lo the ¢hadty. 11 1$ probable that the econom￿ benefrts asscthted wth the transaction wlll to the Charty and the amount Can t¢ relk4bly measured. The fdltrmng speafic poltles are applied lo partkwlar ¢alegorles of Incomo: Income from dLwtion$ c* grdnts is rec(¥niseil when thwe is eYKlerKe CA entiuement lo the gfft. recdpt Is probatAe and its amwnl can be m&2sured ￿lia￿Y. The Patricia Beecham Charitable Settlement Notss to the Financlal Statements Year ended 5 April 2024 A¢¢ountlng polk108 (¢0*￿ Exp6ndItU￿ Is fecognised on an accruals basis as a liabilty is incurred. Expenditure includes ar VAT whlch cannot be fully recxjvered. and is classffied under headiNJ$ of the statement of financial actfvkibs to whlch it relal•s: expenditure on ¢hantable activities ir￿lUdeS all costs inujrred by a charlly In undertakiThJ activrties that fvrther rtg charitable aimg for the benefft of its benef*iaries. Induding Ih05e support ￿$ts and costs relating lo govemarKe of the charity apportknned lo charitable activitses. other ex￿d￿Urfr In¢ludes all expermliiure that is neither related lo ral6lr¥J funds for the charity nor part of Its expendliure on Charl￿ ￿tIvIti88. Investments are stated al market value. Reallsed galn8nosses ara rAlculaled be rofor6nc6 lo tho sales pr¢￿ed8 and Ihe opening mwkel value of Investmgnts al Ihe beginning of the perlod In which they are sold. Unrealised gainsllosses on Investments represent in¢reas8sldecreases In market value respeclively. for Investsnenls held al the beginnirw of the year or acquired durlng the year, arKI also remaining unsrjd al ts end of the yew. Donatlons and l•gacl Unre8trKted Total Fund• Unrestrlcled Total FurKIs Funds 2024 Funds 2023 Donations Donallons and funds gewated 15,0 15.Ot)O Inv•8tm•nt In¢om• Unregtrkxed ErKJ¢ywmenl Total Fund• Funds Funds 2024 Income from listed investments Income from cash Inveslmenls Bank interest ￿cefvable 24,1e 24,166 25 25 24,166 25,033 Unrestricted Ernlowment Total FurKJ8 Funds Funds 2023 In¢J)me from listed investments Income from cash investments Bank inleresl recelvable 24.166 24.166 256 256 24,166 24,426 The Patricia Beecham Charitable Settlement Notes to the Financial SLitements Year ended S Aprfl 2024 Expandlturn on charttable aetivltios by fund ty unreStr￿ted Total Funds UnrestrKled Totsl Funds Funds 2024 Funds 2023 CharSlabla donalknns supp￿ costs 18.938 1.1 18,938 1,166 20,104 18.650 1,137 19,787 18.6 1,137 19,787 20.104 7. Expondllur• on ¢harft3b￿ actlvltleJ by actlvlty typ• Athilties undertaken diredy Support Totsl fund¥ 2024 Total fund 2023 Charitable donations Governance o)$t$ 18,938 18,938 1,166 20.104 18.650 1,137 1,166 1,166 18.938 19.787 An•ly81• of •upport ¢o•ts Analysis of SUPFrfJrt costs Total 2024 Total 2023 General Flnance costs Gov&marKo costs 201 365 201 365 600 173 365 600 1.166 1,166 1,138 N•1 galn•l{Iw80•) on Inv•stm•nt• Er￿oWmen¢ Totsl Fund$ Endowment Total Funds Funds 2024 Furbds 2023 Gainslllosses) on other investment assets 21,217 21.217 (65,107) {65.107) 10. Ind•p•nd•nt •xamlnatlon f••8 2024 2023 Fees payable to the indeperKlent examiner ts: Independent examination ofthe financi818tatements The Patrlcla Baecham Charltable Settlement Notss to the Flnancial Statsments (G Year ended 5 April 2024 11. Staff costs No salarie$ or wages have been pald lo employees. Includlry th8 members of the committee, durlng the year. The average head rAKJnt of 8mployees during tr￿ year *ps Nll {2023: NIII. No employee receNed employee benefits of more than £fy),O(Ki during the yew (2023.. Nil). 12. Tru8tM r•mun•rntlon and •xp•n No remuneration or other berhryffts from employment wilh the (knity or a re18ted enlty were re¢elved by the trustees. No trust8& expenses have been Incurred. 13. InvMtm•nts Ll•t•d Invo8tm•nts Cost or valuatlon At 6 April 2023 Additions Fair value movements 334,216 21.217 At 5 Aprll 2024 Impalrm•nt At 6 Aprfl 2023 and S Aprll 2024 Carrying amount At 5 April 2024 At S April 2023 3S5,432 355.432 334,215 JI investments shovm above we held at Valuation. FInan¢1￿ a•s•ts h•ld at falr valu• The falr values of the inveslments have been detwmlned uslng the pub118hod open m*ktl values of the Ilsted Investments. 14. cr￿￿or8. amounts falllng du• wlthln on• y•ar 2024 2023 Accruals and deferred Incomè 1200 1,200 The Patricia Beecham Charitable Settlement Notes to the Flnancial Statemerts (¢onth Year ended 5 Aprll 2024 13. Analysls of ¢harllabl• funds Unr8strlcted fund8 Al 6W2023 Gains and At 105S8¥ S Apr 2024 In¢(Th Expendliure Transfers Géneral funds 73.649 (20.104) 24.186 78,578 At 6 Apr 2022 Gains arrfl Al losses 5 Apr 2023 Income Expenditure Transfern G6n6ral fun(ts 54,010 15.260 (19.787} 24,166 73.649 Endowment funds Galns aThl At losses S Apr 2024 6 Apr 2023 Income Exwditurt Transfers Expendabkry Endowment Fund 334,214 24,166 (24.166> 21,217 355,431 At 6 Apr 2022 Galns 8rKI Al losse8 5 Apf 2023 IrtL%))e Expendliure Transfers Expendabl Endowrnent Fund 399,321 24.1e6 (24,166) {65,107) 334,214 16. Analy•l• of not bo1￿0n fund8 Unr95trthd EThJowmenl Total Funds Funds Funds 2024 Investments Currant assets Creditors less ttAn 1 year 355.431 355,431 79,778 11,2001 434,009 79,778 {1,200) 78.578 355,431 Unre$trictod Endowment Total Funds Furl Funds 2023 Investments Current assets Creditors less than 1 ye N•t a•s•ts 334,214 334,214 74,849 (1,2(Ki) 407,863 74.849 {1.2001 73.649 334,214 17. Rdated partles During the prK* year, a donatM)n of £15,(KKJ was recelved from arb)ther charity of which both trustees a￿ also trustees. There are m such transaclions thi5 year. 10