THE BEACON EQUITY TRUST

Charity number: 1132994
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Beacon Equity Trust is involved in the promotion of the education of people under the age of 25 years anywhere in the world.

Income and expenditure

Data for financial year ending 31 July 2024

Total income:
£592,327

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Donations and legacies £559.89k
Charitable activities £0
Other trading activities £0
Investments £32.44k
Other £0

Total expenditure:
£478,044

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Raising funds £0
Charitable activities £478.04k
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £478.04k
Retained for future use £114.28k

People

3 Trustee(s)

1 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Arts/culture/heritage/science
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • People Of A Particular Ethnic Or Racial Origin
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Surrey
  • Kenya
  • Tanzania
  • Uganda

Governance

Registration history:
  • 26 November 2009: Standard registration
Organisation type:
Charitable company
Other names:
  • THE BEACON TRUST (Previous name)
Company number:
06952392 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

3 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
AJAY SOOD Chair
None on record
Hari James Sood Trustee 31 December 2019
None on record
ANTONIA MARY SOOD Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Total gross income £351.63k £431.86k £429.09k £585.82k £592.33k
Total expenditure £273.00k £320.02k £384.47k £455.41k £478.04k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A N/A £575.56k £559.89k
Income - Other trading activities N/A N/A N/A £0 £0
Income - Charitable activities N/A N/A N/A £0 £0
Income - Endowments N/A N/A N/A £0 £0
Income - Investment N/A N/A N/A £10.26k £32.44k
Income - Other N/A N/A N/A £0 £0
Income - Legacies N/A N/A N/A £0 £0
Expenditure - Charitable activities N/A N/A N/A £455.41k £478.04k
Expenditure - Raising funds N/A N/A N/A £0 £0
Expenditure - Governance N/A N/A N/A £0 £0
Expenditure - Grants institution N/A N/A N/A £0 £0
Expenditure - Investment management N/A N/A N/A £0 £0
Expenditure - Other N/A N/A N/A £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Own use assets N/A N/A N/A £0 £0
Long-term investments N/A N/A N/A £0 £0
Other assets N/A N/A N/A £859.06k £973.35k
Defined benefit pension scheme asset or liability N/A N/A N/A £0 £0
Total liabilities N/A N/A N/A £990 £990

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2024 18 February 2025 On Time
Accounts and TAR 31 July 2024 18 February 2025 On Time Download Open in new window
Annual return 31 July 2023 15 January 2024 On Time
Accounts and TAR 31 July 2023 15 January 2024 On Time Download Open in new window
Annual return 31 July 2022 09 May 2023 On Time
Accounts and TAR 31 July 2022 09 May 2023 On Time Download Open in new window
Annual return 31 July 2021 23 March 2022 On Time
Accounts and TAR 31 July 2021 23 March 2022 On Time Download Open in new window
Annual return 31 July 2020 14 March 2021 On Time
Accounts and TAR 31 July 2020 14 March 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 4 JULY 2009 AS AMENDED BY SPECIAL RESOLUTION 9 NOVEMBER 2009

Charitable objects

1 FOR THE PUBLIC BENEFIT AND IN SUCH WAYS THAT ARE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES, TO PROMOTE THE EDUCATION (INCLUDING SOCIAL AND PHYSICAL TRAINING) OF PEOPLE UNDER THE AGE OF 25 YEARS ANYWHERE IN THE WORLD IN SUCH EXCLUSIVELY 0CHARITABLE WAYS AS THE CHARITY TRUSTEES THINK FIT, INCLUDING, BUT NOT LIMITED TO, BY: A AWARDING TO SUCH PERSONS SCHOLARSHIPS, MAINTENANCE ALLOWANCES, GRANTS AND OTHER FINANCIAL AND OTHER ASSISTANCE FOR THEIR EDUCATION THROUGH PRIMARY, SECONDARY AND TERTIARY EDUCATION, WHETHER ACADEMIC OR VOCATIONAL B TO UNDERTAKE TRAVEL IN FURTHERANCE OF THAT EDUCATION OR TO PREPARE FOR ENTRY TO ANY OCCUPATION, TRADE OR PROFESSION ON LEAVING ANY EDUCATIONAL ESTABLISHMENT C TO PROVIDE GRANTS AND OTHER FINANCIAL ASSISTANCE FOR THE OBTAINING OF TOOLS AND OTHER EQUIPMENT THAT MAY BE REQUIRED FOR THE FULFILMENT OF THEIR EDUCATION; AND D TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO SCHOOLS BY FUNDING THE HIRING OF SPECIAL NEEDS TEACHERS OR OTHER DEDICATED PASTORAL CARE, FUNDING THE BUILDING OF CLASSROOMS, MUSIC FACILITIES, ART BLOCKS OR OTHER EDUCATIONAL INFRASTRUCTURE, FUNDING LEADERSHIP ASSESSMENT COURSES FOR SCHOLARS OR OTHER STUDENTS, FUNDING THE PURCHASE OR HIRING OF GYM EQUIPMENT OR OTHER PHYSICAL EDUCATION FACILITIES, AND BY FUNDING THE PURCHASE OR HIRING OF A MINIBUS OR OTHER VEHICLES FOR TRANSPORTING PUPILS 2 FOR THE PUBLIC BENEFIT AND IN SUCH WAYS THAT ARE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES TO ADVANCE EDUCATION BY PROMOTION OF DRAMA AND THE ARTS, INCLUDING BY THE RUNNING OF COMMUNITY ARTS AND PROJECTS AND ENSURING THAT THE ARTS ARE BOTH ACCESSIBLE AND BENEFICIAL TO ALL BRANCHES OF THE COMMUNITY 3 FOR THE PUBLIC BENEFIT AND IN SUCH WAYS THAT ARE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES, THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP ANYWHERE IN THE WORLD BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATION, TRAINING, HEALTHCARE PROJECTS AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT, INCLUDING PROVIDING GRANTS, ITEMS AND SERVICES TO INDIVIDUALS IN NEED AND/OR CHARITIES WORKING TO PREVENT OR RELIEVE POVERTY 4 FOR THE PUBLIC BENEFIT AND IN SUCH WAYS THAT ARE CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES, THE RELIEF OF SICKNESS, POOR HEALTH AND OLD AGE, AND THE PRESERVATION OF HEALTH AMONG DISADVANTAGED PEOPLE RESIDING ANYWHERE IN THE WORLD, INCLUDING BY PROVIDING OR ASSISTING IN THE PROVISION OF FINANCIAL ASSISTANCE, EQUIPMENT, FACILITIES AND SERVICES

Area of benefit

The area the charity can operate in, as set out in its governing document.

UNDEFINED. IN PRACTICE, LOCAL AND OVERSEAS

Contact information

Address:
SANDELLS HOUSE
CLIFTONS LANE
REIGATE
RH2 9RA
Phone:
07958543513
Email:
info@beaconscholarship.com
Website:

www.beaconscholarship.com Open in new window