CP JOHNSON WILL TRUST FINANCIAL STATEMENTS For the year ended 5 April 2024 D€ DEEKS EVANS CHARTERED ACCOUNTANTS CP JOHNSON WILL TRusr Index to the Hnllnclal Statements for the year ended 5 Aprm 2024 Report of the Acawntants stJtement of Flnandal Actlvltles CP JOHNSON ￿LL TRUST Report of the Trustees for the year ended 5 April 2024 The Trustees present their ￿pOrt and the audited finanaal statements of the charity for the year ended 5 Aprfl 2024. The trustees have adopted the provtsions of the Ststement of Recommended Pract[￿ (SORP) "Accounting and Reportlng by Charltles" In p￿parfng the annual report and flnanclal sL*eM￿ts of the charity. The financial statements have b￿n prepared in accordan￿ wlth the accounting pollcles set out In r￿teS to accounts and comply with the chaiity s goveming documenL the Charitles Art 2011 and Accounting and Reporting by Charlties: Statement of RecommerKled practi￿ applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland publlshed in October 2019. Under the temis of the Will, the Trustees hokl the Trust Fund upon Trust to pay the income to Sevenoaks Sthool with power for the Trustees also to apply the whole or part of the capitsl for the benefit of Sevenoaks Sch(x)l. In the event of the Trustees and the Govemors of Sevenoaks Sch(x)I being unable to agree to the mcth of applioition of the Trust Fund, there is a gfft over for the benefrt of the Hosthl for Slck Chiklren, Great Ormond Hospital. The Triths meet at least On￿ a year tt) discuss the objective5 of the Trust and the needs of 5evenoaks School. The Trustees who served throughout the year were Guy Innes, Sarah Rogers Annie Marr-johnson, Lord Abergavenny and Thomson Snell & Passmore Trust Corpjration Limlted. Testator Chartes Plumptre Johnson Investments The value of the Investments at the year end was £3,580 against a value of £875,590 in 5 April 2023, as per note 4 to the accounts. Income & Grants The total an￿Unt of income received In Ihe year was £27,298 (2023 - £13,287). Charfty Commission The Trustees have due regard to the Charities Commisslon's gUIdan￿ on public benefiL The address for Corresponden￿ is: CP Johnson Wlll Trust Thomson Snell & Passmore LLP HeatheNale House 24 Vale Avenue Tunbridge Wells Kent TNI IDJ By order of the Truste Signed by a Director For and on behalf of Thomson Snell & Passmore Trust Corporation Limited Trustee: Trustee: Dated: Iq Page I CP JOHNSON WILL TRusr Independent Examlner's Report to the Trustees of CP Johnson Will Trust I report to the charlty trustees on my examinatlon of the accounts of the charity for the year ended 5 April 2024 which are set out on pages 3 to 6. Responslbllltles and basls of report As the charity's trustees you are responsible for the preparation of the accounts in accordantr with the requirements of the Charities Act 2011 ('the ACY). I re￿rt in respett of my examination of the charivs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charty Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect". accounting records were not kept in accordan￿ with section 130 of the Charities Act. or the accounts dld not accord with the accounting records. or the accounts dld not comply w5th the appllcable ￿quIrernents Con￿rning the form and content of accounts set out Sn the Charitles (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a *rue and fair view, which is not a matter considered as part of an independent examination. I have no COn￿rnS and have come across no other matters in connettion wlth the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Richard Youn R Young FCA Deeks Evans Audit servi￿ Limited Chartered Accountants First Floor, West Barn, North Frith Farm, Ashes Lane, Hadlow, Tonbridge, Kent, TNII 9QU Dated." 03101 I IOLS Page 2 CP JOHNSON ￿LL TRusr statement of Flnandal Activltles for the year ended 5 April 2024 INCOME & EXPENDITURE Notes Incomlng Resourc Unrestrfcted Funds 2024 Funds 2023 Investment Income: Unlt Trust & Bank Interest 27,298 13,287 Totsl Incomlng Resources Resources Expended 27,298 13,287 4,200 73 Bank charges 60 4,566 4,273 Net Incoming Resources Realised profivlloss) on Investment Assets 5 Unrealised Loss on Investments 22,732 412,001 (422,583) 9,014 {8,112) (14.344) Net Movement in Fund 12,150 (13,442) Balan￿ brought foMard 1,077,160 1,090,602 Balance carried forward 1,089,310 1,077, 160 The notes on pages 5 & 6 fom part of these financial statements. Page 3 CP JOHNSON ￿LL TRusr Balan￿ Sheet as at 5 Awll 2024 FIXED ASSETS 2024 2023 Investn*nts 3,580 875,590 CAF Cash CUr￿nt Account CAF Gold Account TSP aient account Other De￿￿[t Accounts 5,510 879,579 200,090 551 34 20 200,970 546 NEf CURRENf ASSErs 1,085,730 201,570 1.089,310 1,077,160 FUNDS Unrestricted Capital Fund Unrestrlcted Income Fund 1,065,268 24,042 1,076,190 970 1,089,310 1,077, 160 Ifl Approved by the Board of Trustees on ...... . and slgned on Its behalf by: Trustee: Signed by a Diffclor For and on behalf of Thomson Snell & Passmore Trust Corporglion Limited Trustee: The notes on pages 5 & 6 form part of these accounts. Page 4 CP JOHNSON WILL TRUST Notes to the Finandal Ststements for the year ended 5 Aprfl 2024 AccouKfING POUCIES The charity constitutes a public benef￿ entity as defined by FRS 102. The financial ststements have been prepared in accordan￿ with Accounting and Reporting by Charities: Statement of Recommended Pract[￿ applicable to charlties preparing their accounts In accordan￿ with the Financlal Reporting Standard appllcable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applfcable In the United KlThJdom and RepublK of Ireland (FRS 102), the Charities Act 2011. and UK Generally Accepted Accounting Practice. The financial statements have been prepared under the historical cost convention with the eX￿ptIOn that investments are recorded at market value. Donatlons and investment income are recognised In the finanaal ststements when they are received. b) Other expenses are recognised when payable and shown in the Statement of Financial Activitres inclusive of irrecovernbk VAT Whe￿ applicable. Investfflents are included In the ftnanclal statsments at market value. d) Debtors and creditors wlth no stated interest rate and receivable or payable within one year are recorded at transaction pri￿. Any losses arising from impaimient are recognised In expendlture. Governance Costs 2024 2023 Management Costs 4,506 4,200 4,506 4,200 No remuneratlon or expenses were paid to any Tru tec in thc year. Znvestments Investments Comprlse Quoted securities.'- 2024 2023 Market Value Market Value Equltles 1,035 3,580 611,179 875,590 1,035 3,580 611,179 875,590 Reconciliatlon of Movement of InVestn￿nts 2024 2023 Investments held at 6 April 2023 Investments purchased in the year Investments sold in the year Net unreallsed decrease in market value Net realised profiv (1055) on disposals 875,590 4,227 (865,655) (422,583) 412,001 889,934 12,312 (4,200) (14,344) (8,112) Investments held at 5 April 2024 3,580 875,590 Page 5 CP JOHNSON WILL TRusr Notes to the FInar￿al Statements Icont... for the year ended 5 Aprll 2024 Unrestrlcted Cap5tal Fund 2024 2023 Balan￿ B/Fwd Management Costs Unrealised Loss on Investments Realised ProfiV(Lo55) on Investments Income accumulated to capital account during loan as an accretion Income accumulated to capital account after loan as a retention 1.076,190 1,090,602 (4,566) (4,273) (422,583) (18,256) 412,001 (4,200) 3,633 4,226 1,065,268 1,076,190 The unrealised loss and the realised gain reftect the sale in the year of the maiorty of the investment fund. As a result the previous 'unrealised gains. have crystsllised. These are disclosed as 'realised gains, in the year wlth a c(￿S￿di[￿j 'unrealised loss, arising to balan￿ previous year's 'unreallsed gains,. Unre5trlLted Income Fund 2024 2023 Balan￿ B/Fwd Investment Income Income accumulated to capital account durir¥J loan as an accretion Income accumulated to capitsl account after loan as a retention 970 27,298 13,287 (3,633) (8,684) (4,226) 24,042 970 Related Party Transactlons There were rK) related party transactlons In the year. Ultimate Control The Charity is controlled by Its Board of TrUst￿S. Page 6 “ DE DEEKS EVANS AUDIT SERVICES LIMITED CHARTERED ACCOUNTANTS First Floor, West Barn 36 Cambridge Road NorthHadlow,Frith TonbridgeFarm, Ashes Lane Hastings. ‘Kent, TN11 9QU East Sussex TN34 1DU t: 01892 526417 t: 01424 423422 e: mail@deeksevans.com www.deeksevans.com e: hastings@deeksevans.com www.deeksevans.com Regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales