REGISTERED CHARITY NUMBER: 1023718 REPORT OF THE TRusfEES AND UNAUDITED FINANCIAL STA"fEMEN"I'S FOR THE YEAR FIYDED 31ST MARCH 2024 FOR THE ASSOCIATION OF FRIEIYDS OF JAMES TERRY COURT Hilden Park Accountan15 Limii¢d Hilden Park House 79 Tonbridge Road Hildenborough Tonbridge Kent TNI19BH
I'HE ASSOCIATION OF FRIENDS OF JAMES TERRY COUR'r CONTF.NTS OF TIIE FIiYAIYCIAL STATEMENTS FOR'fHE YEAR ENDED 31ST MARCH 2024 Page Report of the Trustees Independent Examiner's Report StAtement of b inanciwl Activilies BalAn¢e Sheet Notes to the Financial Statements Detailed S¢atement of FinanciAI Aetivities 12 to 13
THF. ASSOCIATIOIY OF FRIENDS OF JAMES TERRY COURT REPORT OF THE'fRUSTEES FOR I'HE YEAR ENDED 31ST MARCH 2024 'rhe truste&8 present their report with Ihe financial statemeiits of the charity for the year ended 31 st March 2024. The truslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principal objective of the charity is io relieve the aged residents of Jame5 .1 erry c.ourt, and generally to support the haritable work of the home eiiher directly or indirectly with the matron or through the royal masonic benevolent instilulion. The charity's aim is to raise funds and awareness of James Terry Court in order to provide extra funds raised through donations, events and a range of social. leisure and enlertaininents activities and extra facilities for the residents. The main activity of the charity is holding various fundraising events throughout ihe year such as a Family Funday, Hog Roast, Christmas Market and Golf days. The funds raised from these events is then used to provide monthly enlertainincnl and extra treats on speLial occasions, such as, Christmas, Laster, Mother's day, father's day and Valentines day for the residents of Jame5 Terry Court. The Iru8lees have complied with the duty in section 4 of the 2011 c.harities Act to have due regard lo the Charitie5 Commission's guidance on Public Benefit wheii developing and implementing the charity's objects and aims. ACHIEVEMENT AND PERFORMANCE Charitable activitie5 During the year the charity held various fundraising events, including a Fmmily funday. Hog Roast, Christmas market. Golf day, a party night atTrd a Fishing day. In addilion the charity was involved with speaking with Ma50ni¢ Lodge5 wilh regards to Patronages and annual membership's. FINANCIAL REVIEW Finaneial position Total incoille received during the year totalled £3.3.412 (2023: £26.699). Donations received dropped by £3.046 compared to the prior year. However, this was offset by an increase in the fundraising income received of £9,759. Tolal expenditure for the year was £39,101 (2023.. £32,503). 'fhe increase is largely due to the charity holding more fundraising evenls in the year compared lo 2023. The deficit for the year tolalled £5,689 (2023.. £5,804). The balance of unreslricled funds as at 31 March 2024 was £102,206 (2023: £107,895). Reserve5 policy The Terms of Reference governing document slates that the charity must hold £30,000 as a reserve. At the year-end the charity's free reserves were £102,206 (2023.. £107.895) which will be used to fi]rther the charity's objeclive5. Going concern The trustees have no concerns a5 lo the charity's ability lo continue as a going concern for Ihe next 12 months. STRUCTURE, GOVERNAIYCE AND MANAGEMENT Governing document The charity is controlled by it5 governing document, the Ternis Of Reference, and ¢onslitutes an unincorporated charity. Page I
THE ASSOCIATION OF FRIENDS OF JAMES TERRY COURT REPORT OF THE TRUSTEES FOR THE YEAR ENDF.D 31ST MARCH 2024 STRUCTURE, GOVERNAIYCE A]YD MANAGEMEiYT Decision making The Tems of Reference set the nominations for the truslees. The AGM is held in June each year where the trustee5 and committee members are up for re-eleclion and selection. REFERENCE AND ADMINISTRATIVE DETAILS Registered ChArity number 1023718 Principal address 19 Drake Avenue Caterham Surrey CR3 5BS Trustees W A Tibbs Mrs T E-l'ibbs N P Foster Independent Examiner Flilden Park Accountants Limited Hilden Park House 79 -1 onbridge Road Hildenbor()ugh Tonbridge Kent TNII 9BH Approved by order of the board of truslees on ..... and signed on its behalf by.. Mrs T E Tibbs - Trustee Page 2
Iodependent E%nnilnir'$ R¢port to tlic Trusl¢e$ of The As%oclgdon of Frfeudy of J&mes Terry Coiirt IndepeudeDt examiu¢r's report to t&0 tru3tee5 of 'Tb¢ Association of Friend5 of .IAmes Terry Court rL'pofi lo ttse charity Inistces on my cAamiJ)iitioii of the accounts (jf The Ass0¢iah"oll of Friends of JEUll¢S Tcrry Court Iihc'frust) for the year cndLd 31 st Mll¥¥b 2()25. Respt)Trslbllitieg And ba51y of report A.$ the ¢harily Iru%¢c&% of il)c Tjusi yoii are rcsponsible for the preparatiojl of tt)e accounts io aceordanc¢ witb the rcquiremoni% of ilie Charilio¥ Act 20 I l {'tht ACQ. l ¥¢poJl iri r¢'sp¢ct of niy Lxaininlliion of Ili¢'frusl's 1sLcuunls CArri¢d out under Sc¢lion 145 (if the Act aiid in C41trying out my ¢XniinuÈioll I h lh¢ ALI. ¢iVC Followed thll appliLJble DIentIn$ giv¥n by the Charity comi1.&41n under Scciiim 145(5)(b) of Indepcndent examiller's ststement I have COpIeted my examtnatioll. I cnnfitm thAt no rnalaial matkis have cowe to Y attention in Lolln¢ction with the examinarioll giviug Di¢ Se to belicvg that in &ny maierikl r&spect'. cLouiiling Tecords iverL' not kcpt iii rcspc¥l of ttie-l Tust as r¢quired by Section 130 of the Act. or Ihc iiccouills ditr not accord wkllj Iliosc rL'¢or(1.s'. or Ilie accoiinis do Iioi eoniply with Ilie applic4blc 1VIreCllts conc¢nutig tlie forLn and contellt of accounts set out iii IhL ChariiiL8 {Accounts ani5 RLPQrts) Rcgi*ltsliot15 2008 other UiJii urty rL'qiiir¢ment that Ilie accounts giv# a Iw¢ fair vieiv ivlTri¢li is a mji Itereonsi(Icrcd as part of an ind¢penilent examinaiioii. I have no COTlC¢'ri)s and Iiavc toinc Ac1.s5 no oili¢r maitcrs in cniineLtion with the Lxaiiiina(ron lo which Rtteiition should b¢ in Iliis report in ordor lo ciiable a PTOPCT undLISLgndii>g of Ihc arcounts to b¢ re[1¢. P&uL ChLWt¢r fcA HElden Park Aicountants Limited Hilden Park House 79 Tonbrtdgc Road Hildcnboroug Tonbridge Kent TNII 9BH Pag¢ 3
'rHE ASSOCIATION OF FRIENDS OF JAMLS TERRY COURT STATEMENT OF FINANCIAL ACI'IVITIES FOR THE YEAR ENDF.D 31ST MARCH 2024 2024 Unrestricted funds 2023 Total funds Notes INCOME AND EIYDOWMEIYTS FROM Donations and legacies 16.810 19,856 Other trading activitie5 16,602 6,843 Total 33,412 26,699 EXPENDITURE OIY Raising funds Raising donations and legacies 4,954 3,944 4,954 3,944 Charitable activities Charitable activities 34J29 28.559 Total 39,283 32,503 Net gains on investments 182 NET INCOMEI(FXPENDITURE) {5,689) (5,804) RECONCILIA1'101Y OF FUNDS Total funds brought forward 107,895 113,699 TO'fAL FUNDS CARRIED FORWARD 102,206 107.895 The notes fomi part of these financial statements Page 4
THE ASSOCIATION OF FRIEIYDS OF JAMES TERRY COURT BALANCE SHEET 31ST MARCFI 2024 2024 2023 Total funds Unreslricted funds Notes FIXED ASSETS Investment5 486 304 CURRENT ASSETS Debtors Cash at bank 3,522 99,983 2,322 107,453 103,505 109,775 CREDITORS Amouiils falling due within one year (1,785) (2,184) NET CURRENT ASSETS 101,720 107,591 TOTAI, ASSETS LESS CURRLNT LIABILI'I'ILS 102,206 107,895 NET ASSETS 102,206 107,895 FUNDS Unrestricted funds.. General fund Reserve fund Piano fund TheJTC 100 Club 69,446 30,000 73,830 30.000 1.157 2,908 2,760 102,206 107.895 TOTAL b'UIYDS 102,206 107,895 The financial slalements were approved by the Board of Trustees and authorised for issue ..%.Sr.3 .d.fr*...?A.%... and were signed on ils behalf by: on T E Tibbs - I rustee The nol¢s form part of these financial statements Page 5
THE ASSOCIATION OF FRIENDS OF JAMES TERRY COURT NOI'E'S TO THE FIIYANCIAL STATEMEIYTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUIYTING POLICILS Basis of preparing the finantial statements 1.he financial statemenls of the charily, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Charities.. Sialement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the FinanLial Reporting Standard applicAble in the IJK and Republic of Ireland (FRS 102) {effeclive l January 2019),, E,'inancial Reporting Siandard 102 'The FinanLial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial slalemenls have been prepared under the historical cost Lonvenlion, with Ihe exception of investments which are included at market value, as modified by the revaluation of certain assets. Income Income from donations and grants, is recognised when the charity is entitled to the funds, the receipt is probable, and the amount can be measured reliably. For donations, this is usually on receipl. For grants, this is usually when a fomial offer letter is made in writing, unless the grant contacts lenn5 and Conditions oulside of the charity's control which must be mel before the charity is entitled to the funds. Where such conditions exisi, the income is deferred until those periods. Income from other trading activities relales to fundraising events and is recognised once the fundraising event has been held. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cosls cannot be directly attributed to particular heAding5 they have been allocated lo activities on a basis consislenl with the use of resources. Taxation The charity is exempt from lax on its charitable activities. Fund aceounting Unrestricled funds can be used in accordance with the charitable objectives at ihe discretion of the trustees. Designated funds are funds sel aside by the trustees for a particular future purpose. Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements. Fixed 455et investments Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from change5 in fair value is recognised in the Statement of FinanLial Activities. Page 6 continued...
THE ASSOCIATION OF FRIENDS OF JAMES TERRY COURT NOTES TO THE FINAIYCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 OTHER'I'RADING ACTIVITIES 2024 2023 Fundraising events 16,602 6,843 SUPPORT COSTS Governance costs Other Totals Charitable activities 1.195 1,020 2,215 Support costs. included in the alx)ve, are as follows.. 2024 Charitable activities 2023 Total activities Telephone Website and advertising Accounlancy and legal fees 1,195 1,156 23 1,020 2,215 1,179 TRUSTEES, REMUNERATION AIYD BENEFITS There were no trustees, remLEneralion or other benefits for the year ended 31 sl March 2024 nor for the year ended 31 st March 2023. Trustees, expenses There were no 31 st March 2023. trusl¢es' expenses paid for the year ¢nded 31st March 2024 nor for the year ended FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Ai I st April 2023 Revaluations 304 182 At 3 1st March 2024 486 NLI. BOOK VAI.UE At 31 st March 2024 486 At 31 st March 2023 304 There were no inveslmenl assets outside the UK. Page 7 continued...
THE ASSOCIATION OF FRIENDS OF JAMES TERRY COUR'r IYOTES TO THF. FINANCIAL STATEMEIYTS- eontinued FOR'I'HE YEAR ENDED 31ST MARCH 2024 FIXED ASSET IIYVESTMEIYTS - continued Cost or valuation al 315t March 2024 is represented by: Listed inve5tmenls Valuation in 2024 Cost 182 304 486 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Tax Prepayments and accrued income 1,175 1,222 1,125 1.100 1,222 3,522 2,322 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors Accrued expense5 825 960 2.184 1,785 2,184 MOVLMENT IN FUIYDS Nel movement in funds Ai 31.3.24 Ai 1.4.23 Unrestricted funds General fund Rc5erve fund Piano fund The JTC 100 Club 73,978 30,000 1,157 2,760 (4,532) 69,446 30,000 (1,157) 2,760 107,895 (5,689) 102,206 TOTAL FUIYDS 107095 {5,689) 102,206 Page 8 onlinu¢d...
THE ASSOCIATION OF FRIEIYDS OF JAMES TERRY COIJRT NOTES TO I'HE FINAIYCIAL STATEMENI'S- continued FOR THE YEAR ENDED 31ST MARCH 2024 MOVEMENT IN FUNDS- eontinued Net movemenl in funds, included in the above are as follows.. Incoming resourLes Resources expended Gains and losses Movement in funds Unrestrieted funds General fund Piano fund 33,412 {38,126) (1,157) 182 (4,532) (1,157) 33,412 (39,283) 182 (5,689) TOTAL FUNDS 33,412 (39,283) 182 {5,689) Comp#rative5 for movement in funds Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds Cieneral fund Reserve fund Piano fund The JTC 100 Club 79,634 30,000 (5,804) 30,000 1,157 2,908 2,908 113,699 (5.804) 107,895 TOTAL FUNDS 113,699 (5.804) 107,895 Comparative net movement in fund5, included in the above are as follows.. Incoming resources Resources expended Movetnenl in funds Unrestrieted fund5 General fund 26,699 (32,503) (5,804) TOTAL FUNDS 26.699 (32,503) (5,804) Page 9 continued...
THE A.SSOCIATION OF FRIENDS OF JAMES TERRY COURT IYOTES TO THE FINANCIAL S'I'ATEMENTS- continued FOR THE YEAR EIYDED 31ST MARCH 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined w)silion 15 as follows.. Net movement in funds At 31.3.24 Ai 1.4.22 Unrestricted funds CJeneral fund Reserve fund Piano fund The JTC 100 Club 79,634 30,000 1,157 2,908 (10,336) 69,298 30,000 {1,157) 2.908 113,699 (11,493) 102,206 TOTAL FUNDS 113,699 (11,493) 102,206 A Lurrent year 12 months and prior year 12 months combined net movement in funds. included in the aEK)ve are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Piano fund 60,111 (70,629) (1.157) 182 (10,336) (1,157) 60,111 (71,786) 182 (11.493) TOTAL FUNDS 60,111 (71.786) 182 (11.493) The reserves fund is a reserve of £30,000 lo enable the friends to conlinue to provide on-going support for the residents should there ever be a cataslrophic decrease in income levels. The piano fund is a separately idenlified fund for the use of purchasing a new piano for the charity. A new piano was purchased during the 2023124 financial year and so the fund has been reduced down to nil al ihe year-end. The JTC 100 club fund is for a monthly lotto held by the charity. Members pay an annual membership to participate. All profits go directly to The Friends of James Terry Court and are used for the benefit of the residents of James Terry Court. Page 10 continued...
THE ASSOCIATION OF FRIENDS OF JAMES TERRY COUR'r NOTES TO THE FIIYANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31ST MARCH 2024 RELATED PARTY DISCLOSURES There were no related party Iransactions for the year ended 31 st March 2024. Pagell
THE ASSOCIATION OF FRILNDS OF JAMES TERRY COURT DETAILED STATLMLIYT OF FIIYANCIAL AC'fIviTIES FOR THE YEAR FNDED 31S'I' MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and leg*cies Donations and patronage Annual family membership 16.560 250 19,216 640 16,810 19,856 Other trading activities Fundraising evenls 16,602 6,843 Total ineoming resources 33,412 26,699 EXPENDITURE Raising donations and legacies Fundraising events 4,954 3,944 Charitable aetivities Entertainments Chiropody and exercise Repairs & maintenance Sundries Training wsts Equipment for "friends Gaming licence Printing and slalionery 16,832 4,780 427 1,661 648 6527 13.205 5,084 571 91 7,202 83 1,144 1,239 32,114 27,380 Support costs Other Telephone Website and advertising 1,195 1,156 23 1,195 1,179 Governance costs Accountancy and legal fees 1,020 Total resources expended 39283 32,503 Net expenditure before gains #nd 105ses (5,871) (5,804) This page does not form part of the statutory financial statements Page 12
THE ASSOCIATION OF FRIENDS OF JAMLS TKRRY COURT DETAILLD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Realised reeognised gains losses Realised gains/(losses) on fixed assct investments 182 Net expenditure (5,689) (5,804) This page does not fomi part of the slalutory financial slalemenls Page 13