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|TRUSTEES|BP Benevolent|Fund Trustees|Fund Trustees|Limited||
|---|---|---|---|---|---|
|ADMINISTRATION|BP Pensions<br>Limited|||||
||Chertsey<br>Road|||||
||Sunbury<br>on Thames|||||
||Middlesex|||||
||TW16 7LN|||||
||Mr A J Clifford —Director, BP|||Pensions|Limited|
|INVESTMENT PROVIDERS|Close Brothers|Asset Management||||
||10Exchange Square|||||
||Primrose Street|||||
||London|||||
||EC2A 2BY|||||
|ACCOUNTS INSPECTOR|Mr Rikki Carroll|||||
|BANKERS|National<br>Westminster||Bank Pic|||
||PO Box34|||||
||15Bishopsgate|||||
||London|||||
||EC2P 2AP|||||
|INVESTMENT CONSULTANTS|Close Brothers Asset Management|||||
||55Grosvenor Street|||||
||Mayfair|||||
||London|||||
||W1K 3HY|||||
|SECRETARY TO THE TRUSTEE|Ms Kvan der Meijden|||||
||Senior Associate- Entity Governance||||and Compliance|
||PricewaterhouseCoopers|||||
||1Embankment|Place||||
||London|||||
||WC2N 6DX|||||





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|Mr|I L Rushby|Formerly|Group General<br>Auditor<br>at BP Plc and|Non-Executive|Non-Executive|Director|
|---|---|---|---|---|---|---|
|(Chairman)||on boards|in the Public, Corporate<br>and Charity|sectors.|||
|Miss E F M Blois||A former|Relocation Officer with BP Exploration|Limited|and currently||
|||a Pensioner<br>Liaison Officer for the South East Region.|||||
|Mr|A J Clifford|Director,|BP Pensions<br>Limited||||
|Ms|M M Mercer|Aformer|Accountant<br>with Amoco Pic and a current<br>Pensioner|||Liaison|
|||Officer for the South East Region.|||||
|Mr|D Richmond|Aformer|North Sea Tax Advisor with BP Pic and|currently|a Pensioner||
|||Liaison Officer for the Scotland and Northern<br>Ireland<br>Region.|||||





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|Statement of|Financial Activities for the|Financial Activities for the|Financial Activities for the|ear ended 31December 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|E|E|
|Income:|||||||
|Income from investments|||||27,525|24,239|
|Bank interest|||||458|1|
||||||27383|24 240|
|~Ex eeditere:|||||||
|Grants paid|||||(85,014)|(24,308)|
|Salary cost|||||(5,775)|(3,600)|
|Investment<br>manager||fees|||(14,590)|(16,655)|
|Loans written|off||||(10,893)|(0)|
|Bank charges|and currency||loss||(0)|(170)|
||||||116272|44 733|
|Net (loss)/gain|||||(88,289)|(20,493)|
|Gain/(loss)<br>on investment|||assets||252 073|161 705'|
|Fund (deficit)/surplus||for|the year||(340,362)|141,212|
|Value of Fund|at beginning||ofyear||1,843,770|1,702,558|
|Value ofFund|at end|ofyear|||E15DE408|E1843 770|
|Represented|by:||||||
|Investments|||||1,424,757|1,703,297|
|Loans|||||29,582|19,620|
|Net current assets|||||49,069|120,853|
||||||E1503408|E1843 77D|
|Signed on behalf ofthe Trustees|||||||
|Director for the Corporate|||Trustee:||||
|Director for the Corporate|||Trustee:||||





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|Income f|rom Investments|||
|---|---|---|---|
|||2022|2021|
|||f|f|
|Dividend|income|27,525|24,238|
|||27 525|24 238|
|Grants Paid||||
|||2022|2021|
|||f|f|
|Grants||85 014|24 308|
|||85 014|24 308|



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|Investments||||
|---|---|---|---|
|||2022|2021|
|||f|f|
|Close Brothers|Investments|1,424,757|1,703,297|
|Market Value||1424757|1703 297|
|All investments|were held in the UK|||



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|Loans||||
|---|---|---|---|
|||2022|2021|
|||f|f|
|Balance|as at 1January|19,620|22,615|
|Loans granted<br>during the year||32 035|3 065|
|||51,655|25,680|
|Less:<br>Less:|Loans written off<br>Amounts<br>repaid|(10,893)<br>~11180|(0)<br>~6060|
|||29582|19620|





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|Notes|tothe Accounts for th|tothe Accounts for th|e<br>ear|ended 31December 2022|(cont'd)||
|---|---|---|---|---|---|---|
|8.|Net current assets||||||
||||||2022|2021|
||||||f|f|
||Income due*||||0|0|
||Cash at bank||||56758|125266|
||Less: Creditors||||56,758<br>~7689|125,266<br>~4413|
||||||49069|120853|
||Debtors||||||
||-Close Brothers|bank|account interest||||
||Debtors Total||||||
||Creditors||||||
||—Close Brothers|investment||fee|3,547|4,413|
||—Administration|Services fee|||2,175|0|
||—Other grants||||1967|0|
||Creditors Total||||7689|4413|
||Gains on investment||assets||||
||||||2022|2021|
||||||f|f|
||Change<br>in market|value|||~252 073|161705|
|10.|Related Party Transactions||||||