CHARITY REGISTRATION NUMBER: 2945S8 The Patricia Beecham Charitable Settlement Unaudited Financial Statements 5 April 2025 CARSTON ETL Chartered accountants Second Floor 34 Lime Street London EC3M 7AT
The Patricia Beecham Charitable Settlement Financial Statements Year ended 5 April 2025 Page TTUStees' annual report Independent examinerfs report to the trustees Statement of financial activilies Statement of financial position Notes to the financial statements
The Patricia Beecham Charitable Settlement Trustees. Annual Report Year ended 5 April 2025 The trustees present their report and the unaudited financFal statements oflhe charity forthe yearended 5 April 2025. REFERENCE AND ADMINISTRATIVE DETAILS R•gistered charity name The Patricia Beecham Charitabl8 Sattl8m8nl Charity rgglstratlon numbor 294558 PrlncSpal offlce 6 Chesler Gale London NW14JH Thè trust•e8 Mrs P A Beecham Ms L E Waidhofer Ind•p•ndent examlner Faana Ahmed Second Floor 34 Lime Street London EC3M 7AT OBJECTIVES AND AcnvmES ObjKts Clause 3 of the Trust Deed - Tho Tru6le68 shall hokj the caprtal and income of the Trust Fund upon trust lo apply the Income and all or such part or part$ of the capital for or towards such chant8ble purposes and lo make donations lo such time or limes and in such rngnner 88 the Trustee$ may in Ihgir absolute discretion think frt.. Therg is 8 21 year occumulation period which ended on 11 A. 2cw)7. Actlvltles In the year The prineipal aelivrty in tho year was lo make donations lo members of the benthial class. W)en planning actNittes the Trustees have considered the Chaftty Commissk)n'$ guldance on public benefit. ACHIEVEMENTS AND PERFORMANCE The charity achioved ils objgctives and performed in line wlth the Tru8lees' expectations in satisfying their granl-making deciSn$.
The Patricia Beecham Charltable Settlement Tru5tees' Annual Report(rw Yearended 5 April 2025 FINANCIAL REVIEW Investment pollcy The settlement has fun(b Jmtested ty Horortave6 LaThY$drvm vdth the overall Inv&stmem obiedNe n9 10 achieve a balanced welurn been ca1 grrvrth )TrJ In¢tyn¢ gertor•iioft vith a rnode'ale exwsure lo iiik Rèservts polky Llnres:ricied r¥eive$ 8mount £3104212024 £78.6781 at the yeai ¢tKI kny ahDrtl•h5 W5ir9 bfr cokneied ty the Ca1 g'+x4h ol thè éxp¢ndBts entsywmnt •mcntS to £408.942 12024 t355 4321 èi Ihe y4ar.(nd STRUCTUR& GOVERNANCE AND MANAGEMENT Rlsk Managernenl As & giont.m8wThJ CrIty, thetrlstees do not regarJ Ihe trusla6 tsrbg exptsedto ¥igThficaTht r One n$k.hatthe tsustee5 have Cor61de4 o11ralUnI b•ng maae to th? trust •nO 4$ • regu'.L lunits paid lot. IlmatelY Imptopei wipDsM. H<¥fft•r. the tru8t•rt make every •ffort to en5uie dDn*son5 01Y made to kgbmal• reaents The Iru5teeg' annuol re[ •pwo¥ed on 031oxl3.&. Jfid %gned on b•hdf of th• trKJ•rd t)1 Irust•es Trustee
The Patricia Beecham Charitable Settlement Independenl Examiner's Report to the Trustees of The Patricia Beecham Charitable Settlement Year ended S April 2025 I report lo the trustees on my eXlallOn oflhèfinanci81 statements ofThe Patricia Beecham Charitable Settlement Ilhe charity'l for the year ended S April 2025. Responsibilities and basis of report As the Iwslees ol the charity you are responsib for the preparation of the finan¢ial Ststemenls in 8CCOTdance wrth the requirements of the Charitie5 Act 2011 Ilhe Act.). I report in resped of my examination of ¢hwiVs financial $18temenls rrIed out under SeCtn 14S of the 2011 Act and in carrying oul my &xamination I have folbwed all the applicable Directions given by the Charily Commission under $eclK)n 14515llbl of Ihe Act. Independent examln•V5 #tatement I have completed my examination. I confirm that material matters have come to my altenlion in connection wrth the examination giving me Cause lo believe that in any matert81 resped.. accountin9 records were not kept in respect of the charty as required by sectson 130 of the Act., or thè financial stat8monls do not aecord with those r8cord8' or the financial stalemnts do not coffpty with Iho 4)P1Kab requIrenIS concemin9 tho fo and contenl of a¢Mvnls sel out in the Charities IA¢counl$ and Reports) Regulations 2008 other than any requirement that the accounls 9Ne a 'true and fail view which is nol a mattw conSided as part of an independent examinalion. I have no concfjrn¥ and have come across no other matter¥ wi conrbection with the exominalion to whh attenlKJn should ba dravm in this report in order to enable a prcper understanding ot thè accounts to be reached. Farzana Ahmed Independent Examiner Carslon ETL Second Floor 34 Lime Street London EC3M 7AT Dale. tsLtrltszl?cgL
The Patricia Beecham Charitsble Settlement statement of Financial Activities Year ended 5 April 2025 2025 Unrestrrcted Endowment funds funds Total funds Totsl funds 2024 Nolo Income and •ndowmenis Investment income 758 24,722 26.4BO 25,033 Total Income 758 24,722 25.480 25,033 Expenditure Expendrture on char((able aclMtRs Total oxpenditur• 70,147 70,147 70,147 70,147 20,104 20.104 Net gains on investments 50.642 60.842 21,217 Net income {69.3891 75.364 5.975 26,148 Transfers bgfvjeen funds 21,853 (21.8531 Not movemert In fund¥ (47,5361 53,511 5.975 26,146 R•conclllatlon of funds Total funds brought forward Total funds carrl8d forward 78.S78 355,431 434,009 407.863 31,042 408,942 439,984 434,009 The statement of financial actrvrties includes ali gains and losses recognised in the year All income and expendrture derive from continuing activib'es. The not•8 on pages 6 to 10 forni part of the6e financial ststemon¢s.
The Patricia Beecham Charitable Settlement Statemènt of Financial Posltion 5 April 2025 2025 2024 Nol Fixed assets In¥es'mefii$ 12 408.942 355 431 Cuirent assets 13 428 31276 31,702 C•sh at t¥nk •ndin hand 79.778 79.T78 Credilws: Jmounls lallln9 due wlthSn one yeai 14 31.042 78.578 434.009 Tot•1 a55ts kis5 current Ilabilltles 439,984 439,984 N1 ass•ts 434,1)09 FuThJ$ of tht chartty Endoblmenl hJnLts Unre&'n¢te¢ lunds TotalGh•rlfy lund• 355.431 78.578 31,042 439,9 434,Q)9 Tht5è finanool ststtmènts wei• apprtyed Ly the b)ard ol tru661 arrfl •uthomd I¢y 514 on &3 l¢JzI % . •n¢ •r¢ wd w bew rrfthè boaid W Sf Twstc+.
The Patricia Beecham Charitable Settlement Notes to the Financial Statements Year ended 5 April 2025 General Information The charty K8 a public benefrt enlity and a registered charsty in England and Waks and is unincorporalgd. The address of the principal office 6 Chester Galfr, London. NW14JH. Statement of compliance These financkql statement$ have been prepared in ccmpllance wlh FRS 102. The Financial Reporting Standard appCab in thè UK and th8 Rèpublic of IT?tand', the Statement of Recommended praCte applicable to Chwrties preparing their accounts in ac¢ordan¢e with the Finan¢i81 Reporting Standard appIab in the UK and RepublK of Irelantl {FRS 1021 ICh8rities SORP IFRS 102)) and the Charit8 Aet 2011 A¢¢ountlng pollcle$ Ba$ls of prnparatlon The financial 8lalement5 have been prepared on the historical coyt basis. except for invlMentS which are Irluded al market value. Golng concern There are no material unc8rtainl abtrjt lh8 eharty'8 abilty to continue. Jtsdg•monts and key sources of 8stlmatloTr unc•rtalnty The preParatn of the financ1 statements rw4uires management to make iudgemenls, 08timales and assumptions that affect the amounts reported. These estimates and judgements aro continually reviewed and are based on experience and other factor5, including expeclations ol luture events that are believed to bé réasonab undèr the eireumstarths. Fund ac¢ountSng Unrestricted funds are available for u8e at tha dIsCret)n of the trustees to fvrthw any of the charity's purposes. Incoming rgsources All income Js included in the $talemenl of financ1 activit5 when enlitlemgnl has passed to tha charrty, it is Pfobable that the economic benefits associated with the transaclion wll Ilow to the chaity anil the amount Can be relh*ty measured. The following specthc policies are applied lo particular ¢alegor8 of income= income Irom donations or grants is recognised when there is evidence of entitlemènt lo the gift, receipt is probab and its amount can be measured reIbty-
The Patricia Beecham Charitable Settlement Notes to the Financial Statements (wit#iuvdl Year ended 5 April 2025 Accounting policies itonthuo Ro$ources •xpended Expenditu is recognised on an accruals basis as a liabil(¢y is incurred. Expenditur8 includes any VAT which cannot be fulfy recovered. and is clasSid under headings of the slatement of financial activities lo whh tt relates.. expenditure on charitable adNrtie$ includes all Costs incurred by a charity in undertaking aclivitios that further its ¢haiilable aims for the benefrf of its beneficiaries, including Ihose support costs and costs relating to the govemance of the charity apportioned lo charilabla aclrvrties. other expenditure includes all expenditure that is neither relaled lo raiBing fund8 for the eharty nor part of ils expend¢lure on charitable aclwitw. Inve$tm•nts Investments are staled at mavkel value. Realised 9ain5Aosses are cakulated be reference lo tha sales proceeds and Ihe opening market value of inveslrnenls at the beginning ol the period in which they ar8 sokl. Unrealised gainslknsses on inveslm8nls r8pres8nl increasesldecrea5es in market value re$pe¢livety, for inveslments held al the beginning ol the year or acquired during Ihg year, and *0 remaining unsold at the end of the year. Investment In¢om• Unrestricted Endowlrenl Tot•1 Funds Funds Funds 2025 Income ffom listed investments Income from cash Investments Bank interest receivab 24,722 24,722 392 366 366 758 24,722 26.480 Unrestricted Endowment Total Funds Funds Funds 2024 Income from listed investments Income from cash investments Bank interest receNable 24.166 24,166 25 25 24,166 25,033 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Fund$ Funds 2025 Funds 2024 Charrtoble donations Support costs 68,499 1,648 68,499 1,648 18,938 1,166 18.938 1,166 20,104 70,147 70.147 20,104
The Patricia Beecham Charitable Settlement Notes to the Financial Statements {¢onth Year ended 5 April 2025 Expenditure on charitable activities by activty type Activtties undertaken directty Supp)rt Totsl fund$ costs 2025 Total fund 2024 Charitable don8tTons Governance costs 68.499 68.499 1.648 18.938 1,166 1.648 68.499 1.648 70,147 20,104 Analysls of support costs Anatysis of SUPFQrt costs Total 2025 Total 2024 General offa Finance costs Govem8nce costs 503 365 780 603 366 780 201 365 600 1,848 1,166 Not galn& on Invostm•nts Endowment Total Funds Endtxment Total Funds Funds 2025 Funds 2024 Gainsl{bJsesl on olhof investment assets 50.642 60,642 21.217 21,217 Ind•pend•nt oxamination fees 2025 2024 Fees payabfe to the independent examingr for.. Independent exwninatK?n of the financial ststement8 680 600 10. Staff costs No salarias or wagos have b88n paKt to 8mph)yees, including the members of the commfftee, during th8 year. The averagt hèad count of empb)yees during the year was Nil (2024". Nill. No employee received employee beneffils of MO Ihan £60.000 during the year12024.. Nill.
The Patricia Beecham Charltable Settlement Notes to the Financial Statements (eonuttue Year ended 5 April 2025 11. Trustee rvmun•r•tion and w•ns•s No remuneration or other benefft5 from employment with the ¢harity or a reklod anlty WaT& received by the trustees. No truslofj expenses have been incurred. 12. Investments Listed invgslments Cost or valuatlon Al 6 April 2024 Additions Disposals Fair value mvemen15 355,431 53,499 145,235) 45,247 408,942 At S Aprll 2026 Impairmont Al 6 Aprll 2024 and S AprS12025 Carrying amount At S April 2026 Al 5 April 2024 408,942 355.431 All inveslmènls shown above held al valuation. Flnan¢lal assots hgld 4¢ falr ¥•lue The fair values of the inve8lmenls have been detemiined using the publkqhed open rnaet values ol the Ilsled inveslnKnls. 13. Dobtors 2025 2024 Other debtors 426 14. Creditors.. afflounts falling due within one year 202S 2024 Accrua and d8lèrr&J ineom8 660 1.200
The Patricia Beecham Charitable Settlement Notes to the Flnancial Statements Icothtsed) Year ended 5 Aprll 2025 15. Analy$15 of charltabl• funds Unrestrictod funds At 6 Apr 2024 Gains and At sses S Apr 2025 Income Expendi(ure Transfers General funds 78.578 758 170,147) 21,853 31,042 Al 6Apr2023 Gains and Al losses 5 Apr 2024 Inco Expendsture Transfers General funds 73,649 867 120,104) 24,166 78,578 Endowmient lunds At 6 Apr 2024 Gains and At 10s$0s 5 Apr 2025 InwrE Expenditure Transfers Expendable Endowment Fund 355.431 24,722 (21,853) $0,642 408,942 Gatns and Al losses 5 Apr 2024 6Apr 2023 Incom8 Expendrture Transfers Expendable Endowmènt Fund 334,214 24,166 124.166) 21,217 355.431 18. Anatysls of n•t assets b•tween funds Unre51r1fjd Endowment Totsl Fund¥ Funds Funds 2025 Inveslmerrts Current ags61s Creditors s5 than 1 year Net a$$gts 408.942 408.942 31.702 1660) 439,984 31.702 16601 31.042 408,942 un$t11cle Eno%nent Toial Funds Funds Funds 2024 Investments Current assels Creditors kss than 1 year N¢t assets 355,431 355,431 79,778 (1.200) 434,009 79.778 11,2001 78.578 355,431 10