RECEIVED 3 1 MAR ?0?5 NEWMAN & CO REPORT OF THE TRUSTEES AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SIR THOMAS BEECHAM TRUST LIMITED Regl$tered Compny Number 00419598 IEnglAthd and Wales) Rfgisiered ChArlry Number 295415 Newman & Co Chrtered Accountants 7 Hung8¢e Beccles Suffolk NR34 9
SIR THOMAS BEECHAM TRUST LIMITED Accouf4TS YEAR ENDED 31ST MARCH 2024 INDEX PAGE Trustees, Report Siai¢m¢ni of Financial Activities Balance Sheet Notes to the AOUnts
SIR THOMAS BEECHAM TRUST LIMITED TRUSTEES, REPORT YEAR ENDED I- MARCH 2024 The Tte¢s. who ar¢ algo diredors of the chaTity for th¢ PUTP05CS of Company Law, present th¢iT pnnual report togeiher with the accounts of the charity for the year ended 3151 March 2024. The financial stslern¢nts hav¢ been prepwed in accordance with th¢ a¢counting policies set out in not¢s to the a¢count$ and comply with th¢ charity's governing documenL the Charitie5 Aci 2011 and Accounting pnd Reporting by Charities.. Statement of R¢CoMTn¢nd Praciiee io charities preparing th¢ir ae¢ounts in accordance with th¢ Financial R¢porting Standard applicable in th¢ UK ond R¢public of Ireland IFRS102). REFERENCE AND ADMINISTRATIVE INFORMATION Reglstered Company Nts: 00419598 Reglstered Charity No: 295415 Truste. Shirley, Lady Beecham Mr. C.J. Widdows CompAny SecretAry: Shirl¢y* Lady Beecham Reglstered OtTict: Casile Hous¢ 15 Earsham Str¢¢¢ Bun8ay Suffolk NR35 IAE AccountAlIts: Wav¢nty A¢¢ount8nts Limited 7 Hun8ate Bec¢1¢5 Suffolk NR34 9 Pa8¢ 1
SIR THOMAS BEECHAM TRUST LIMITED TRUSTEES, REPORT CONTD... YEAR ETr4DED 31ST MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The ehariry was incoTtK)rat¢d on 18 September 1946 as a comp8ny Ilmited by shares and is a150 registered with the Charities Commission. The goveming documents currently in force ar¢ th¢ Memorandum and Arti¢l¢s ofAsso¢iaiion. Appointment of Trustees Trust¢¢s are appoinied by the aft¢r int¢rvi¢w and due considerdtion of their skills and abiliti¢s to fulfil th¢ objectives of the ¢haTity, subject io approval at the following annual general meeting. At each AGM any trustee appointed since the last AGM, iog¢ther with the longesi serying one third of the remaining trusiees, retires but may offer themselves up for re¥¢l¢ction. To the extent necessary to fulfil th¢ir role. new trustees aTe inslNc¢¢d by the existin8 tte¢s. ond if specifically required, will be provided with ¢h¢ fa¢ililies to undertake additional trainin8. Trustees The names of the trus¢¢¢s who served during the year are 5e¢ ou¢ on pa8¢ 1. In accordance with the Articles of Asso¢iaiion. Lady Beecham will retire from the board by rotation, together with Mr. C. J. Widdows as a new appoine and, bein8 eli8tbl< will stand for re-appoinmient. Rlsk Management The ttustees have caTTi¢d out 8 revi¢w of the risks which the ¢h¥rity may face. They are 5alisfied that the procedures under which ihe chaTity opera¢¢S will miii8aie any risks identified and will minimise any potential impact should any identified risks materiali5e. Th¢ thjstees are of the opinion that th¢y hav¢ complied with their duty to h)v¢ due regard to the guidance on publi¢ benefii published by the Charities Cornmi55ion in ¢xercisin8 their powers and duties. OBJECTIVES Th¢ charity was established to promote, m8intaift, improve and advance education, particularly musical education, and to ¢neourage the Arts, including the arts of rnw4i¢, dram& mime, dance and singing to fom)ulate, prepare and establish s¢hemes therefore provided that the obj¢¢¢s of th¢ company should be of 4 ¢haritable nature only. The ¢harity aehieves its objective5 by way of mpkin8 grants of £l,l)00 and £2.(M)O to musi¢ SDJdents at Universities in Great Britain. The trusttts seek nominations from the Universilies for su]ble candidate5 to r¢ceive a grant based on an as5¢5sm¢ni by ihe individual Universities of their nomin¢¢$' musical achievements. ACHIEVEMENTS AND PERFORMANCE The ¢haTity received donalions during the year of £78,31X) and Benerated a firther £13,191 from funds held in an investment fimd out of which grants tothlling £16,325 were awardcd. After deductin8 overhead costs ther¢ was a surplus of £73.892 which. aft¢r refleetin8 the surplus on the reva]uation of the investments of £32,397, leav¢s an increase in th¢ chity'S reserves. There are no reslTiCtion5 on th¢ clwity's P)w¢r l¢) invest 3nd thc inYe5ttnent strategy is set by th¢ trlee$. Page 2
M TRUST LIMITED USTEE ' REPORT CONTD... D 31ST MARCH 2024 FINANCIAL REVIEW Reservej The trustees have divided the tharity's reserves inkn three fjjnds. Donations received by th¢ charity ore allated w th¢ Sthglgrship Futyl and ar¢ &cnllnulat¢d to generate income to merf the obj¢¢tives of th¢ chttrity. Income arising from the charity's investments is transfeed to the Grants and Avnrds Fund and is distributed in ordance with the objective5 of the chariry. Any other net income or net loss is transferred to the Incorne and Expenditure AccounL which is m8na8ed to ensur¢ that there are adequate fijnds such that the charity can meet all current and known future liabilities. The l¢v¢l of res¢ry¢8 18 considered and reviewed r¢8uIAr interyats by th¢ trust¢¢S. TRUSTEES, INfEREsfs IN SHARES The trustees who held office at 31# March 2024 the followin8 nonvben¢fi¢ig1 interests in the shares of the ¢ompany.' lit Aprll 2023 (or later ditt of apptsllltment) Clw of Sh•re 31 Marcb 2024 Shirley. Lady Beecham Mr. C.J. Widdows Ordinary £1 Ordinary £1 24 SMALL COMPANY PROVISIONS This report has been prepared in accordance with the Sla1 provisions for &nall companie$ under Part 15 of the Comp8n1 Act 2006. Si8ned on behalf of the Board of Trusttts by: 11 rvwch Qols Shirley, Lady aM eec Company Se¢r¢t4ry Castl¢ Houy¢ 13 Earsham Stre Bungay Suffolk NR35 IAE Page 3
SIR THOMAS BEECHAM TRUST LIMTfED STATEMEYf OF FINANCIAL ACTtVITIES ineludÉn Income and F.x nditure ActOllDt And Statement of Total Reco nlsed Gaills and Losses ST FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Fund$ 2024 Unrestricted Fund$ 2023 Notes Income And Endowments from: Donations and Legacies 78.300 265 Inv¢$tments 13.191 12,086 Total incomlng resources 91,491 12.351 ExpendltUTe on: Grants awarded Governance costs 16,325 1,274 9.290 934 Total resource5 expended 17,599 10.224 Net Incomlng reyources for the year 73.892 2.127 Other recogni5ed EAits$ Ind losses Gainl(Loss) on revaluation of inv¢stsn¢nts 32,397 {26,075) 106,289 (23,948) Total Funds brought forward ai I. April 2023 442,233 466,181 Total Funds carrled forwArd at 31. M*rcb 21124 £548,522 £442,233 The Statement of Financial Activilies shows total income. total expendilure and all ¢0nISed gains and losses during the year, and therefore no 5epaTate incom¢ Jnd expendinjre account or statement of total recolSed gains and losses hav¢ been presented. Page 4
SIR THOMAS BEECIIAM TRUST LIMITED BALAN SHEET 31n MARCH 2024 UDrestrf¢ted Fonds 2024 Unreltrlcted Fullds 2023 Nots8 FIXED ASSETS Invnents 440.634 408,237 440.634 408.237 CURREiYf ASSETS Cash at bank And in hand 109.6frfJ 35,523 LESS: CURRENf LIABILITIES Credltors: Amounts fallin8 due within one year 1.680 1,495 NET CURRENf ASSETS 107.920 34,028 NET ASSETS £548,554 £442265 SHARE CAPITAL Called up shore cApit81 Equiry inierests 32 32 FUNDS Non-equity interest- wwe8tri¢ied fill)ds S¢holarship fund Grants And award8 fimd 42.643 464.065 41,814 30,726 353.368 58.139 548.522 442,233 £548,554 £442.265 The trustees are satisfied that the Company is entided to ex¢mption from the provisions of the Companies Act 2006 (the Act) relatin8 to the audit of the accounts for the year by virtue of section 477, and that no member or members have requested an audit pursu¥ntto s¢¢iion 476 ofth¢Act. The trusttts acknowledge their responsibiliti¢$ forensurin8 that the company keep5 adequate A¢¢ounting records which Comply with $ection 386 of the Act and preparing accounis which 8ive A true and faiT view of the state of affairs of the company as th¢ end of the fjnancial year and of its fin8n¢ial activiti¢$ for the financial year in accordance with the requirern¢nts of se¢tion 393 and which otherwis¢ mply with the requir¢rnenls of the Companies Act 2006, so f8r as applicable to the compgny. The ac¢ounts hAve been prep in accord with the $p¢cig1 provi8ions for small c4Jmpanies under Pth 15 of the Companies Ath 2CK)6. The a¢¢ounts on p 8 4 to 8 were approved by the Board of Trustees and authorised for issue on 2fj.......... and ar¢ sI¢d on their behalf by: Shirley. Lady Beecham-Tnte¢ Page 5
SIR THOMAS BEECHAM TRUST LIMITED NOTES TO THE ACCOLINTS FO HE YEAR ENDED 31- MARCH 21124 ACCOUNTING POLICIES (a) Basis of Accounting Th¢ accounts of the charity h4v¢ been prepared und¢r the historical cost eonvention and in cordan¢e with Accounting 8nd Reporting by Charities.. Statemeni of R¢¢ommended Practice applicable to Charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland IFRS 102) (effectiv¢ l January 2015) - {Chariti¢s SORP IFRS 1021), th¢ Ftnan¢ial Reporting Standth applicable in the UK and Republic of Ircland IFRS 102) and the Companies A 21K)6. (b) Company Status Th¢ charity is a company limited by Shares. The members of the charity are the trttees named on page l. tn th¢ event of the charity being wound-up the liability of each member 15 limited to £lOO. (c) Tranjltloo ¢0 FRS 102 In PT¢paring the accounts, the Tru51¢e$ have confirnied that in applying the accountin8 policies required by FRS 102 and the Chariti¢$ SORP FRS 102 no restat¢ments Are required as a result of the transition to FRS 102. (d) Investments Investments are valued at m¥rk¢i value. Investment gains artd losses are reco8ftised in the Statement of Financial Activities. (el Ineomlng Re50ur¢es Investment income, Toyalties and donations (including related gift aid tax) gr¢ accounted for in the p¢riod in which they are received. (D Reyourteg Expended Expcnditure is included on an acc1$ basis. Grants payable 8r¢ ¢hgr8ed in the yeor when the offer 15 conveyed to th¢ recipieni. Governan¢¢ costs include those in¢urred in the gov¢mance of the charity and its Lssets and are primarily &5$0ciated with constitutional and stslutory requirements. (g) Fund AccountlD8 D¢tails of Ihe nature and purpos¢ of each fund are sel Out in note 7. GOVERNANCE COSTS 2024 2023 oirice eosis A¢¢oun¢ancy fees Magement fees 62 1.008 204 88 675 171 £1.274 £934 TAXATION The company is a regist¢red ¢Ilty with the Charity Commission and is thcrefore not liable to UK t&xation. Page 6
stR THOMAS BEECHAM TRUST LtMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31- MARCH 2024 INVESTMENTS 2024 2023 Unlist¢d investments £440,634 £408,237 Unlisted Investments Sarasin & Partners 356,500 Sarasin EndowThents FuDd Class A Inc Valuation at l April 2023 GaiTrllLos$l ort r¢valuation 408,237 32,397 434,312 {26,075} Valuation al 31. March 2024 £440.634 £408,237 CREDITORS Accruals and defeTTed in¢ome £1.680 £1.495 2024 2023 SHARE CAPITAL Author15¢d 500 ordinary shares of £1 each 51)0 500 Allotted, CAlled up #nd fully pald 32 ordinary slwe5 of £1 each 32 32 The shares cw the righi to vot¢ but not io any dividend or any surplus on ihe winding up of the ¢ompany. Any surplus on winding up shall b¢ 8iven to another charitsble instittlÉion. havin8 similar objects to this company. Page 7
SIR THOMAS BEECHAM TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31- MARCH 2024 RESERVES Income and Eipertditure S¢bolarshlp Fud GT8lit5 ¥ttd Award5 FuDd At l April 2023 Surplu5 for th¢ y¢ar Unrealised Gakn on investsnents Transfer to Scholarship Fund Donalions T¢¢¢iv¢d Transfer to Grants 8Dd Awards Fund Investm¢n¢ in¢orne Transfer from Gronis and Awards Fund Grants awarded 30.726 73,892 353.368 58,139 32.397 {78JOO) 78.3cl 16.325 (16.325) At 31 March 21124 £42.643 £464.065 £41,814 The Scholarship Fund reiains fijnds received by way of donation for inve51men¢ w genernte income from whi¢h the Grants and Award$ ar¢ poid. The Grants and Awards Fund provides for the paymeni of grants and awards in accordance with the chArity'5 obj¢ctives. The fund 15 derived from investsneni income gen¢rat¢d by the charity from th¢ Scholarship Fund. TRANSACTIONS WITH TRUSTEES The charity op¢raSes from provided free ofcharge by Shirley, Lady Beecham, one of the tte¢s. CONTROL The Charity is und¢T the joini Control of its Trusttts. Page 8
SIR THOMAS BEECHAM TRUST LIMITED MANAGEMENT INFORMATION YEAR ENDED 31- MARCH 2024 CONTENTS PAGE Aceountant's Report In¢om¢ and Expendiwre Account 10
SIR THOMAS BEECHAM TRUST LIMITED CHARTERED AccouNfANTS' REPORT TO THE TRUSTEES ST YEAR ENDED 31 4RCH 2024 In order to a55lSt you to fijlfil your duties und¢r the Companies Act 2006, we have prepared for your approval the accounts of Sir Thom85 Beecham Tnt Lirnited for th¢ year ended 3151 Mar¢h 2024 as set out on pag¢$ 4 to 8 from the eompany's accounting re£ords and infomialion and ¢xplanations you have given to us. As a practising memb¢T firn) of The Institute of Ch¥rt¢red ACCOtants in England and Wa]e5, w¢ ar¢ subject to its ¢thical and other professional requirements which ar¢ d¢tailed www.ica w.com. Th?s report is made 501ely io th¢ Board of Directors of Sir Thomas Beecham TnLSt Limite4 as a body, in aecordance with th¢ ternis of our engag¢rn¢nt I¢r. Our work h&5 t*¢n undenaken solely to prepare for your approval the auount5 of Sir Thomas Beecharn Tntst Limiied and stste those rnatters that we hav¢ agreed to state to th¢m, as a body, in this report in accordance with th¢ requirements of The Institute of Chartered Ac¢ountants in England and Wales as detail¢d at I.1¢aCW.¢Om. To the fullest exteni perniitted by law, we dono( accept orassumerespon5ibility to anyone other than Sir Thom&% Beecham TtU5t Limii¢d ond its Board of Dire¢iors &s a body for our work or for this It is your duty to ensure Sir Thoma5 Beecham Trust Limited has kepi adeqUt accounting r¢¢ords and to prepare statutory accounts ihat give a true and fair view of the assets, liabilities, financial position and profit or loss of Sir Thomas Beecham Tru$t Limiied. You consider thai Sir Thomas Beecham TnLSi Limited is exempt from the 5t&tutory audit requirement for th¢ y¢ar. We have not been instnjcted io cany out an audii or a review of the ac¢ounts of Sir Thomas Be¢¢ham Trust Limited. For this reason. we have not verified the a¢cura¢y or completenes5 of th¢ accounting records or inforn)ation and explatIonS you have 8iV¢n to US and we do nol th¢r¢fore. express any opinion on the statOry a¢¢ounts. Newman & Co 7 Hun8ate Beccles Suffolk NR34 9TT Pa8e 9
SIR THOMAS BEECHAM TRU T LIMrrED INCOME AND EXPENDITURE AccOur FOR THE YEAR ENDED 31- MARCH 2024 21124 2023 21122 In¢ome 78,300 265 300 78,300 265 300 78,300 265 300 Inve$tmertt Ineome Endowm¢nls Fund 13.191 12.086 11.743 13,191 12,086 11,743 Grants Awarded 16.325 9.290 8,600 13.134) 2.796 3,143 75,166 3,061 3,443 Admlnistrltlon EJpen$es Accountancy servic¢$ Management fees Sundry expenses Printer 1.008 204 62 675 171 88 820 142 350 1274 934 1.356 Net Surplus for Year £73,892 £2.127 £2.087 AllocAted ag follows: Income Expendlture Aecount Less.. Administration Expenses .274 934 1.356 1274 934 1.356 Scholarshlp Fund Donations 78,300 265 300 Grants and Aw4rds Fund Less.. Granis Awarded 13.191 16.325 12.086 9.21X) 11,743 8,600 {3,134) 2.796 3,143 £73.892 £2,127 £2,087 Page 10
RECEIVED 3 1 MAR ?0?5 NEWMAN & CO REPORT OF THE TRUSTEES AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 FOR SIR THOMAS BEECHAM TRUST LIMITED Regl$tered Compny Number 00419598 IEnglAthd and Wales) Rfgisiered ChArlry Number 295415 Newman & Co Chrtered Accountants 7 Hung8¢e Beccles Suffolk NR34 9
SIR THOMAS BEECHAM TRUST LIMITED Accouf4TS YEAR ENDED 31ST MARCH 2024 INDEX PAGE Trustees, Report Siai¢m¢ni of Financial Activities Balance Sheet Notes to the AOUnts
SIR THOMAS BEECHAM TRUST LIMITED TRUSTEES, REPORT YEAR ENDED I- MARCH 2024 The Tte¢s. who ar¢ algo diredors of the chaTity for th¢ PUTP05CS of Company Law, present th¢iT pnnual report togeiher with the accounts of the charity for the year ended 3151 March 2024. The financial stslern¢nts hav¢ been prepwed in accordance with th¢ a¢counting policies set out in not¢s to the a¢count$ and comply with th¢ charity's governing documenL the Charitie5 Aci 2011 and Accounting pnd Reporting by Charities.. Statement of R¢CoMTn¢nd Praciiee io charities preparing th¢ir ae¢ounts in accordance with th¢ Financial R¢porting Standard applicable in th¢ UK ond R¢public of Ireland IFRS102). REFERENCE AND ADMINISTRATIVE INFORMATION Reglstered Company Nts: 00419598 Reglstered Charity No: 295415 Truste. Shirley, Lady Beecham Mr. C.J. Widdows CompAny SecretAry: Shirl¢y* Lady Beecham Reglstered OtTict: Casile Hous¢ 15 Earsham Str¢¢¢ Bun8ay Suffolk NR35 IAE AccountAlIts: Wav¢nty A¢¢ount8nts Limited 7 Hun8ate Bec¢1¢5 Suffolk NR34 9 Pa8¢ 1
SIR THOMAS BEECHAM TRUST LIMITED TRUSTEES, REPORT CONTD... YEAR ETr4DED 31ST MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The ehariry was incoTtK)rat¢d on 18 September 1946 as a comp8ny Ilmited by shares and is a150 registered with the Charities Commission. The goveming documents currently in force ar¢ th¢ Memorandum and Arti¢l¢s ofAsso¢iaiion. Appointment of Trustees Trust¢¢s are appoinied by the aft¢r int¢rvi¢w and due considerdtion of their skills and abiliti¢s to fulfil th¢ objectives of the ¢haTity, subject io approval at the following annual general meeting. At each AGM any trustee appointed since the last AGM, iog¢ther with the longesi serying one third of the remaining trusiees, retires but may offer themselves up for re¥¢l¢ction. To the extent necessary to fulfil th¢ir role. new trustees aTe inslNc¢¢d by the existin8 tte¢s. ond if specifically required, will be provided with ¢h¢ fa¢ililies to undertake additional trainin8. Trustees The names of the trus¢¢¢s who served during the year are 5e¢ ou¢ on pa8¢ 1. In accordance with the Articles of Asso¢iaiion. Lady Beecham will retire from the board by rotation, together with Mr. C. J. Widdows as a new appoine and, bein8 eli8tbl< will stand for re-appoinmient. Rlsk Management The ttustees have caTTi¢d out 8 revi¢w of the risks which the ¢h¥rity may face. They are 5alisfied that the procedures under which ihe chaTity opera¢¢S will miii8aie any risks identified and will minimise any potential impact should any identified risks materiali5e. Th¢ thjstees are of the opinion that th¢y hav¢ complied with their duty to h)v¢ due regard to the guidance on publi¢ benefii published by the Charities Cornmi55ion in ¢xercisin8 their powers and duties. OBJECTIVES Th¢ charity was established to promote, m8intaift, improve and advance education, particularly musical education, and to ¢neourage the Arts, including the arts of rnw4i¢, dram& mime, dance and singing to fom)ulate, prepare and establish s¢hemes therefore provided that the obj¢¢¢s of th¢ company should be of 4 ¢haritable nature only. The ¢harity aehieves its objective5 by way of mpkin8 grants of £l,l)00 and £2.(M)O to musi¢ SDJdents at Universities in Great Britain. The trusttts seek nominations from the Universilies for su]ble candidate5 to r¢ceive a grant based on an as5¢5sm¢ni by ihe individual Universities of their nomin¢¢$' musical achievements. ACHIEVEMENTS AND PERFORMANCE The ¢haTity received donalions during the year of £78,31X) and Benerated a firther £13,191 from funds held in an investment fimd out of which grants tothlling £16,325 were awardcd. After deductin8 overhead costs ther¢ was a surplus of £73.892 which. aft¢r refleetin8 the surplus on the reva]uation of the investments of £32,397, leav¢s an increase in th¢ chity'S reserves. There are no reslTiCtion5 on th¢ clwity's P)w¢r l¢) invest 3nd thc inYe5ttnent strategy is set by th¢ trlee$. Page 2
M TRUST LIMITED USTEE ' REPORT CONTD... D 31ST MARCH 2024 FINANCIAL REVIEW Reservej The trustees have divided the tharity's reserves inkn three fjjnds. Donations received by th¢ charity ore allated w th¢ Sthglgrship Futyl and ar¢ &cnllnulat¢d to generate income to merf the obj¢¢tives of th¢ chttrity. Income arising from the charity's investments is transfeed to the Grants and Avnrds Fund and is distributed in ordance with the objective5 of the chariry. Any other net income or net loss is transferred to the Incorne and Expenditure AccounL which is m8na8ed to ensur¢ that there are adequate fijnds such that the charity can meet all current and known future liabilities. The l¢v¢l of res¢ry¢8 18 considered and reviewed r¢8uIAr interyats by th¢ trust¢¢S. TRUSTEES, INfEREsfs IN SHARES The trustees who held office at 31# March 2024 the followin8 nonvben¢fi¢ig1 interests in the shares of the ¢ompany.' lit Aprll 2023 (or later ditt of apptsllltment) Clw of Sh•re 31 Marcb 2024 Shirley. Lady Beecham Mr. C.J. Widdows Ordinary £1 Ordinary £1 24 SMALL COMPANY PROVISIONS This report has been prepared in accordance with the Sla1 provisions for &nall companie$ under Part 15 of the Comp8n1 Act 2006. Si8ned on behalf of the Board of Trusttts by: 11 rvwch Qols Shirley, Lady aM eec Company Se¢r¢t4ry Castl¢ Houy¢ 13 Earsham Stre Bungay Suffolk NR35 IAE Page 3
SIR THOMAS BEECHAM TRUST LIMTfED STATEMEYf OF FINANCIAL ACTtVITIES ineludÉn Income and F.x nditure ActOllDt And Statement of Total Reco nlsed Gaills and Losses ST FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Fund$ 2024 Unrestricted Fund$ 2023 Notes Income And Endowments from: Donations and Legacies 78.300 265 Inv¢$tments 13.191 12,086 Total incomlng resources 91,491 12.351 ExpendltUTe on: Grants awarded Governance costs 16,325 1,274 9.290 934 Total resource5 expended 17,599 10.224 Net Incomlng reyources for the year 73.892 2.127 Other recogni5ed EAits$ Ind losses Gainl(Loss) on revaluation of inv¢stsn¢nts 32,397 {26,075) 106,289 (23,948) Total Funds brought forward ai I. April 2023 442,233 466,181 Total Funds carrled forwArd at 31. M*rcb 21124 £548,522 £442,233 The Statement of Financial Activilies shows total income. total expendilure and all ¢0nISed gains and losses during the year, and therefore no 5epaTate incom¢ Jnd expendinjre account or statement of total recolSed gains and losses hav¢ been presented. Page 4
SIR THOMAS BEECIIAM TRUST LIMITED BALAN SHEET 31n MARCH 2024 UDrestrf¢ted Fonds 2024 Unreltrlcted Fullds 2023 Nots8 FIXED ASSETS Invnents 440.634 408,237 440.634 408.237 CURREiYf ASSETS Cash at bank And in hand 109.6frfJ 35,523 LESS: CURRENf LIABILITIES Credltors: Amounts fallin8 due within one year 1.680 1,495 NET CURRENf ASSETS 107.920 34,028 NET ASSETS £548,554 £442265 SHARE CAPITAL Called up shore cApit81 Equiry inierests 32 32 FUNDS Non-equity interest- wwe8tri¢ied fill)ds S¢holarship fund Grants And award8 fimd 42.643 464.065 41,814 30,726 353.368 58.139 548.522 442,233 £548,554 £442.265 The trustees are satisfied that the Company is entided to ex¢mption from the provisions of the Companies Act 2006 (the Act) relatin8 to the audit of the accounts for the year by virtue of section 477, and that no member or members have requested an audit pursu¥ntto s¢¢iion 476 ofth¢Act. The trusttts acknowledge their responsibiliti¢$ forensurin8 that the company keep5 adequate A¢¢ounting records which Comply with $ection 386 of the Act and preparing accounis which 8ive A true and faiT view of the state of affairs of the company as th¢ end of the fjnancial year and of its fin8n¢ial activiti¢$ for the financial year in accordance with the requirern¢nts of se¢tion 393 and which otherwis¢ mply with the requir¢rnenls of the Companies Act 2006, so f8r as applicable to the compgny. The ac¢ounts hAve been prep in accord with the $p¢cig1 provi8ions for small c4Jmpanies under Pth 15 of the Companies Ath 2CK)6. The a¢¢ounts on p 8 4 to 8 were approved by the Board of Trustees and authorised for issue on 2fj.......... and ar¢ sI¢d on their behalf by: Shirley. Lady Beecham-Tnte¢ Page 5
SIR THOMAS BEECHAM TRUST LIMITED NOTES TO THE ACCOLINTS FO HE YEAR ENDED 31- MARCH 21124 ACCOUNTING POLICIES (a) Basis of Accounting Th¢ accounts of the charity h4v¢ been prepared und¢r the historical cost eonvention and in cordan¢e with Accounting 8nd Reporting by Charities.. Statemeni of R¢¢ommended Practice applicable to Charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland IFRS 102) (effectiv¢ l January 2015) - {Chariti¢s SORP IFRS 1021), th¢ Ftnan¢ial Reporting Standth applicable in the UK and Republic of Ircland IFRS 102) and the Companies A 21K)6. (b) Company Status Th¢ charity is a company limited by Shares. The members of the charity are the trttees named on page l. tn th¢ event of the charity being wound-up the liability of each member 15 limited to £lOO. (c) Tranjltloo ¢0 FRS 102 In PT¢paring the accounts, the Tru51¢e$ have confirnied that in applying the accountin8 policies required by FRS 102 and the Chariti¢$ SORP FRS 102 no restat¢ments Are required as a result of the transition to FRS 102. (d) Investments Investments are valued at m¥rk¢i value. Investment gains artd losses are reco8ftised in the Statement of Financial Activities. (el Ineomlng Re50ur¢es Investment income, Toyalties and donations (including related gift aid tax) gr¢ accounted for in the p¢riod in which they are received. (D Reyourteg Expended Expcnditure is included on an acc1$ basis. Grants payable 8r¢ ¢hgr8ed in the yeor when the offer 15 conveyed to th¢ recipieni. Governan¢¢ costs include those in¢urred in the gov¢mance of the charity and its Lssets and are primarily &5$0ciated with constitutional and stslutory requirements. (g) Fund AccountlD8 D¢tails of Ihe nature and purpos¢ of each fund are sel Out in note 7. GOVERNANCE COSTS 2024 2023 oirice eosis A¢¢oun¢ancy fees Magement fees 62 1.008 204 88 675 171 £1.274 £934 TAXATION The company is a regist¢red ¢Ilty with the Charity Commission and is thcrefore not liable to UK t&xation. Page 6
stR THOMAS BEECHAM TRUST LtMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31- MARCH 2024 INVESTMENTS 2024 2023 Unlist¢d investments £440,634 £408,237 Unlisted Investments Sarasin & Partners 356,500 Sarasin EndowThents FuDd Class A Inc Valuation at l April 2023 GaiTrllLos$l ort r¢valuation 408,237 32,397 434,312 {26,075} Valuation al 31. March 2024 £440.634 £408,237 CREDITORS Accruals and defeTTed in¢ome £1.680 £1.495 2024 2023 SHARE CAPITAL Author15¢d 500 ordinary shares of £1 each 51)0 500 Allotted, CAlled up #nd fully pald 32 ordinary slwe5 of £1 each 32 32 The shares cw the righi to vot¢ but not io any dividend or any surplus on ihe winding up of the ¢ompany. Any surplus on winding up shall b¢ 8iven to another charitsble instittlÉion. havin8 similar objects to this company. Page 7
SIR THOMAS BEECHAM TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31- MARCH 2024 RESERVES Income and Eipertditure S¢bolarshlp Fud GT8lit5 ¥ttd Award5 FuDd At l April 2023 Surplu5 for th¢ y¢ar Unrealised Gakn on investsnents Transfer to Scholarship Fund Donalions T¢¢¢iv¢d Transfer to Grants 8Dd Awards Fund Investm¢n¢ in¢orne Transfer from Gronis and Awards Fund Grants awarded 30.726 73,892 353.368 58,139 32.397 {78JOO) 78.3cl 16.325 (16.325) At 31 March 21124 £42.643 £464.065 £41,814 The Scholarship Fund reiains fijnds received by way of donation for inve51men¢ w genernte income from whi¢h the Grants and Award$ ar¢ poid. The Grants and Awards Fund provides for the paymeni of grants and awards in accordance with the chArity'5 obj¢ctives. The fund 15 derived from investsneni income gen¢rat¢d by the charity from th¢ Scholarship Fund. TRANSACTIONS WITH TRUSTEES The charity op¢raSes from provided free ofcharge by Shirley, Lady Beecham, one of the tte¢s. CONTROL The Charity is und¢T the joini Control of its Trusttts. Page 8
SIR THOMAS BEECHAM TRUST LIMITED MANAGEMENT INFORMATION YEAR ENDED 31- MARCH 2024 CONTENTS PAGE Aceountant's Report In¢om¢ and Expendiwre Account 10
SIR THOMAS BEECHAM TRUST LIMITED CHARTERED AccouNfANTS' REPORT TO THE TRUSTEES ST YEAR ENDED 31 4RCH 2024 In order to a55lSt you to fijlfil your duties und¢r the Companies Act 2006, we have prepared for your approval the accounts of Sir Thom85 Beecham Tnt Lirnited for th¢ year ended 3151 Mar¢h 2024 as set out on pag¢$ 4 to 8 from the eompany's accounting re£ords and infomialion and ¢xplanations you have given to us. As a practising memb¢T firn) of The Institute of Ch¥rt¢red ACCOtants in England and Wa]e5, w¢ ar¢ subject to its ¢thical and other professional requirements which ar¢ d¢tailed www.ica w.com. Th?s report is made 501ely io th¢ Board of Directors of Sir Thomas Beecham TnLSt Limite4 as a body, in aecordance with th¢ ternis of our engag¢rn¢nt I¢r. Our work h&5 t*¢n undenaken solely to prepare for your approval the auount5 of Sir Thomas Beecharn Tntst Limiied and stste those rnatters that we hav¢ agreed to state to th¢m, as a body, in this report in accordance with th¢ requirements of The Institute of Chartered Ac¢ountants in England and Wales as detail¢d at I.1¢aCW.¢Om. To the fullest exteni perniitted by law, we dono( accept orassumerespon5ibility to anyone other than Sir Thom&% Beecham TtU5t Limii¢d ond its Board of Dire¢iors &s a body for our work or for this It is your duty to ensure Sir Thoma5 Beecham Trust Limited has kepi adeqUt accounting r¢¢ords and to prepare statutory accounts ihat give a true and fair view of the assets, liabilities, financial position and profit or loss of Sir Thomas Beecham Tru$t Limiied. You consider thai Sir Thomas Beecham TnLSi Limited is exempt from the 5t&tutory audit requirement for th¢ y¢ar. We have not been instnjcted io cany out an audii or a review of the ac¢ounts of Sir Thomas Be¢¢ham Trust Limited. For this reason. we have not verified the a¢cura¢y or completenes5 of th¢ accounting records or inforn)ation and explatIonS you have 8iV¢n to US and we do nol th¢r¢fore. express any opinion on the statOry a¢¢ounts. Newman & Co 7 Hun8ate Beccles Suffolk NR34 9TT Pa8e 9
SIR THOMAS BEECHAM TRU T LIMrrED INCOME AND EXPENDITURE AccOur FOR THE YEAR ENDED 31- MARCH 2024 21124 2023 21122 In¢ome 78,300 265 300 78,300 265 300 78,300 265 300 Inve$tmertt Ineome Endowm¢nls Fund 13.191 12.086 11.743 13,191 12,086 11,743 Grants Awarded 16.325 9.290 8,600 13.134) 2.796 3,143 75,166 3,061 3,443 Admlnistrltlon EJpen$es Accountancy servic¢$ Management fees Sundry expenses Printer 1.008 204 62 675 171 88 820 142 350 1274 934 1.356 Net Surplus for Year £73,892 £2.127 £2.087 AllocAted ag follows: Income Expendlture Aecount Less.. Administration Expenses .274 934 1.356 1274 934 1.356 Scholarshlp Fund Donations 78,300 265 300 Grants and Aw4rds Fund Less.. Granis Awarded 13.191 16.325 12.086 9.21X) 11,743 8,600 {3,134) 2.796 3,143 £73.892 £2,127 £2,087 Page 10
Inde endent Examiner's Re ort to the Trustees of Sir Thomas Beecham Trust Limited Independent examiner's report to tbe tn15tee5 of Sir Thomas Beechxm Trust Limited {'the Company,) I report to th¢ eharity trnstres on my examination of th¢ accounts of the Company for the year ended 31 March 2024. Responsibility and basis of report As th¢ ¢harity'S trustees of the Company (and a]50 its directors for the PUTP05e5 of company law) you are responsible for the preparaiion of the accounts in accordan¢¢ with the requirements of the Companies Act 2006 ('the 2006 Aet,). Having sat15fied myself that the a¢¢ounts of the Company are not required to be audited under Part 16 of the 2000 Act and are eligible for independent examination, I r¢port in respect of my examinatlgn of your charity's accounts as carried out under section 145 of the Charities act 20111'th¢ 2011 Aci.). In canying out rny examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) LTrf 2011 Act. IndependeDI exAmlner's statement When your charity's gross income exceeds £250.0) your examiner mull be a member of a listed body. I can confinn that l am qualifi¢d io undertake the examinaiion becau5¢ 1 am a registered member of The Instibjte of Chartered Accountanls in England and Wal¢s which is one of the listed bodi¢$. I have compleied my examination. l ¢onfmn no matters have ¢ome io my atteniion in connection with the examination giving me cause ¢0 believe that in any maierial respect- Accounting record5 were no¢ kept in r¢sp¢¢t of the Company as required by s¢ction 386 of the 2006 Act. or 2. The accounts do nol accord with those re¢ords; or 3. The accounts do not comply with th¢ a¢couniin8 requirements of se¢iion 396 of the 2006 Act other than any requirement that the accounts give a true ond fair view which is not a matter ¢onsidered as part of an independeni examination. or 4. The accounts have noi been prepared in accordance with the methods and principles of th¢ Statement of Recommended Practice for accounting and reporting by ¢h8rities (applicable io chariti¢s pr¢paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). have no concerns and have come across no other matters in ¢onnection with the examination to whi¢h attention should be drawn in this report in order to enable a proper under5tandin8 of the accounts to be reached. Sign¢d'. Leslie R N¢wman FCA Wav¢ney Accountants Ltd Ll8 Newrnan & Co Chart¢r¢d Ar¢ountants 7 Hungat¢ B¢ccl¢s Suffo]k NIU4 9rr Dat¢..