OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

The Joron Charitable Trust

Report and Financial Statements

Year Ended

31 March 2024

1

The Joron Charitable Trust

Annual report and financial statements for the year ended 31 March 2024

Contents Trustees and other information
Page:
2 - 6 Trustees’ report
7 - 10 Independent auditor’s report to the Trustees
11 Statement of financial activities
12 Balance Sheet
13 Statement of Cash Flows
14 - 19 Notes forming part of the financial statements
Trustees Mr B D G Jarvis (Chairman)
Mrs S C Jarvis
Mr J A Kiernander
Miss J K Jarvis
Address 26 New Broadway
Ealing
London
W5 2XA
Charity registration number
1062547
Bankers Barclays Bank PLC
1 Churchill Place
London E14 5HP
Independent Kreston Reeves LLP
Auditors Chartered Accountants
Second Floor
168 Shoreditch High Street
London E1 6RA

2

The Joron Charitable Trust

Trustees’ Report for the year ended 31 March 2024

The Trustees submit their annual report and the financial statements of The Joron Charitable Trust (the Charity) for the year ended 31 March 2024. The Trustees confirm that the annual report and the financial statements of the Charity comply with the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the applicable law and the (United Kingdom Generally Accepted Accounting Practice).

History, objectives and activities of the Charity

The Joron Charitable Trust is constituted under a Trust Deed dated 4 April 1997 and is a charity registered with the Charity Commission for England and Wales.

The objects of the Charity are to make grants for general charitable purposes. There were no restricted funds held during the year, or at 31 March 2024.

The Charity derives its income from grants received, which is then used to fund grants to other registered charitable organisations, as defined below.

Management and governance arrangements

The Trustees are shown on page 1. The Trustees are appointed in accordance with the terms of the Trust Deed. There were no employees during the year. The Trust Deed provides for a minimum of three and a maximum of four Trustees. Where there is a requirement for new trustees, these are identified and appointed by the remaining Trustees. Appropriate ongoing trustee training is undertaken when considered necessary. The Trustees have significant experience of engaging with medical, educational and international charities.

The Trustees have reviewed the major strategic and operational risks, which the Charity faces and confirm that systems are in place so that steps can be taken to lessen these risks.

Public benefit

The main purpose of the Trust is to help provide support to those who would benefit from the teaching of social and communication skills and to the funding of sufferers with disabling and terminal diseases. The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Trust’s aims and objectives, in planning future activities, and setting the grant making policy for the year.

Procedures and policy for grant making

The Charity’s policy is to make grants to registered charities in the fields of education, medical research and other charities that can demonstrate that the grants will be used effectively.

There is no formal grant application procedure. During the year 13 grants and donations (2023-17) were made totalling £1,195,671 (2023 - £685,000).

Details are set out on pages 15 - 18 of the financial statements.

Achievements and performance of the Charity

The benefits of the Trust’s work are the teaching and development of educational, social and communication programmes (donations of £70,000 were made to The Wilderness Foundation, £750,000 to The Gem Project, £150,000 to King Edward V11’s Hospital, and £150,000 to the Royal Society of Medicine in the year) and for the support given to assist sufferers, their families and carers of the sick (donations of £10,000 were made to Leeds Hospitals Charity, £5,000 to Dance Ability, £5,000 to Michael Sobell Hospice, £5,000 to Siobhan’s Trust, £10,000 to The Brownlee Foundation,

3

The Joron Charitable Trust

Trustees’ Report for the year ended 31 March 2024 (continued)

£10,000 to Noah’s Arch Children’s Hospice, £15,671 to Harmony Fund, £10,000 to Mayhew Animal Home, £5,000 to Leicester Hospitals Charity (Freddie & Hughie). During the year the Trust continued to support charities which the Trustees believed were able to demonstrate that they could utilise the funds effectively.

Financial review, investment policy and reserves

The Trust’s work is entirely reliant on income from donations. During the year, donations of £1,175,000 (2023 - £350,000) were received from Ravensale Limited. This company is controlled by a trust whose principal beneficiaries are the Jarvis family (see note 9). The Charity expects to receive the majority of its future donations from this source.

The current investment policy is to retain all available funds on bank deposit. Interest received on bank deposits amounted to £ 6,071 (2023 - £3,650) in the year. Foreign exchange gain amounted to NIL (2023 – NIL) in the year. At 31 March 2024, the Charity’s cash balance, which was unrestricted, amounted to £66,488 (2023 - £87,092). At 31 March 2024, the Charity’s unrestricted funds were £56,198 (2023 - £84,392). No support costs are incurred by the Charity, with minimal governance costs. Consequently, substantially all funds received are available for distribution to grantees. Therefore, the trustees do not consider it necessary to retain reserves in the Charity.

Future Plans

The Charity plans to continue supporting local, national and international charities. The Charity will in future continue to support those charities which the Trustees feel are organised to utilise funds in an effective way.

Trustees’ Responsibilities Statement

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

4

The Joron Charitable Trust

Trustees’ Report for the year ended 31 March 2024 (continued)

___________

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 2025 and signed on their behalf, by: 28 January

J A Kiernander

Trustee

5

The Joron Charitable Trust

Independent auditor’s report to the Trustees

We have audited the financial statements of The Joron Charitable Trust (the 'charity’) for the year ended 31 March 2024 which comprise the Statement of financial activities, the balance sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

6

The Joron Charitable Trust

Independent auditor’s report to the Trustees (continued)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

7

The Joron Charitable Trust

Independent auditor’s report to the Trustees (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety and anti-bribery . We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities SORP (FRS 102) Second Edition (released October 2019), and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees' and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks related posting inappropriate journal entries to increase revenue or reduce expenditure. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

8

The Joron Charitable Trust

Independent auditor’s report to the Trustees (continued)

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Reet

Kreston Reeves LLP Statutory Auditor Chartered Accountant London

Date: 30 January 2025

Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

9

The Joron Charitable Trust

Statement of Financial Activities for the year ended 31 March 2024

Note

Income from:


Donations and legacies
3
Investments
4


Total income


Expenditure on:

Charitable activities
5
Total expenditure


Net Income/expenditure

Reconciliation of funds:

Net movement in funds


Balance of funds brought forward


Total Funds carried forward
8
2024
£
1,175,000
6,071
1,181,071
1,208,275
(27,204)
(27,204)
(27,204)
84,122
56,918
2023
£
350,000
3,650
353,650
688,783
(335,133)
(335,133)
(335,133)
419,255
84,122

All activities relate to continuing operations.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 12 to 19 form part of these financial statements.

10

The Joron Charitable Trust

Balance sheet as at 31 March 2024

Note 2024 2023
£ £
Current assets
Cash at bank and in hand


66,488
87,092
66,488 87,092
Liabilities
Creditors: amounts falling due within one year
7
9,570 2,970
Net assets
£56,918 £84,122
Represented by:-
Unrestricted income funds
8
£56,918 £84,122

The financial statements were approved by the Trustees on 2025 and signed on their 28 January behalf, by:

J A Kiernander

Trustee

The notes on pages 14 to 21 form a part of these financial statements.

11

The Joron Charitable Trust

Statement of Cash Flows at 31 March 2024

Cash flows from Operating activities (note 1)
Cash flows from financing activities:
Bank interest
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
2024
£
(26,675)
6,071
(20,604)
(20,604)
87,092
66,488
2023
£
(338,513)
3,650
(334,863)
(334,863)
421,955
87,092

Note 1 – reconciliation of net income to net cash flow from operating activities

Net Surplus (as per the Statement of Financial Activities)
Bank interest
(Decrease)/Increase in creditors
Net cash provided by operating activities
2024
£
(27,204)
(6,071)
6,600
(26,675)
2023
£
(335,133)
(3,650)
270
(338,513)

Note 2 – analysis of net debt

At 1 April 2023 Cash Flows At 31 March 2024
£ £ £
Cash 87,092 (20,604) 66,488

12

The Joron Charitable Trust

Notes forming part of the financial statements for the year ended 31 March 2024

1. Accounting policies

a) Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), ‘’Accounting and Reporting by Charities’’, published in October 2019 and effective from 1 January 2019, and the Charities Act 2011 and applicable regulations.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

(b) Public Benefit

The Joron Charitable Trust meets the definition of a public benefit entity under FRS102.

(c) Donations and Legacies

Donations receivable are included on receipt of the funds or when there is a binding obligation that the Charity is entitled to the grant.

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

(d) Investments

Investment income is accounted for in the period in which the Charity is entitled to receipt.

(e) Grants payable

Grants payable are included on payment of the funds or where there is a binding obligation on the charity to make the payment of the grant. Grants offered subject to conditions which have not been met at the Year End are noted as a commitment, not accrued as expenditure.

(f) Allocation of support and governance costs.

Costs are included on an accruals basis and include VAT where charged.

(g) Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the statement of financial activities.

13

Notes forming part of the financial statements for the year ended 31 March 2024 (continued)

The Joron Charitable Trust

(h) Unrestricted Income Fund

The Charity’s funds are unrestricted and comprise an income fund, which the Trustees are able to use for general purposes in accordance with the furtherance of the general objectives of the charity and which have not been designated for other purposes.

(i) Going Concern

The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

(j) Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(k) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(l) Significant judgments and estimates

No significant judgments have had to be made by management in preparing these financial statements.

14

The Joron Charitable Trust

Notes forming part of the financial statements for the year ended 31 March 2024 (continued)

________________

2. Donations and legacies
Donations receivable
3. Investments
Interest on bank deposits
4. Charitable Activities
Grants Payable
Governance Costs
2024
£
1,175,000
2024
£
6,071
2024
£
1,195,671
12,604
1,208,275
2023
£
350,000
2023
£
3,650
2023
£
685,000
3,783
688,783

5. Auditor's remuneration

The auditor's remuneration amounts to an auditor fee of £9,300 (2023 - £Nil).

The independent examiner’s remuneration amounts to an independent examiner fee of £Nil (2023: £2,700).

15

The Joron Charitable Trust

Notes forming part of the financial statements for the year ended 31 March 2024 (continued)


6. Grants Payable
The following grants to charities were made in the year, all paid as
grants to the institutions or individuals named below.
Number of grants made in the year
Leeds Hospitals Charity (Charity No. 1170369)
To raise funds for Motor Neurone Disease in aide of Rob Burrows.
Raising awareness of the disease & improving research so that the
needs of those with MND are addressed by society.
The Wilderness Foundation (NPO No. 009-437)
To provide educational programmes in South Africa to young people
to help them become financially independent and environmentally
responsible
The Gem Project (NPO No. 181-616)
To provide support in South Africa to orphaned and vulnerable
children, getting them back into education and providing training to
enhance their employment prospects.
The Royal Society of Medicine (Charity No. 206219)
To provide educational opportunities for healthcare professionals
and for the exchange of information and ideas on medicine within
the health profession.
Magic Breakfast (Charity No. 1102510)
To alleviate child hunger & poverty as a barrier to education through
the provision of healthy breakfasts to children across England.
Save the Children (Charity No. 213890)
To relieve the distress & promote the welfare of children during the
current disaster of the Turkey earthquake
King Edward V11’s Hospital (Charity No. 208944)
To provide the highest standards of patient care & treatment & to
operate a hospital open to any member of public providing quality
care that contributes to early recovery
British Red Cross (Charity No. 220949)
To help people in crises, whoever & wherever they are & responding
to the disaster with the Beirut Emergency Appeal.
Urology Foundation (Charity No. 1128683)
To raise standards of treatment and management of urological
diseases and of research in the UK and Ireland by funding
educational programmes and research
2024
2023
13
17
£
£
10,000
nil
70,000
70,000
750,000
375,000
150,000
40,000
nil
10,000
nil
10,000
150,000
65,000
nil
10,000
nil
10,000

16

The Joron Charitable Trust

Notes forming part of the financial statements for the year ended 31 March 2024 (continued)

________________

2024 2023
£ £
Guide Dogs (Charity. No. 209617)
To provide guide dogs, mobility & other rehabilitation services to
those who are blind & partially sighted in accordance with its
constitution. nil 10,000
Mail Force Charity CIO (Charity No. 1189196)
To help with the advances in health by the provision of personal
protective equipment for the benefit of health & social care
workers nil 10,000
Prism The Gift Fund (Charity No. 1099682)
To encourage charitable giving, making grants to organisations to
provide advocacy, advice & information nil 10,000
Motor Neurone Disease Association (Charity No. 294354)
To providing dedicated care & support to those affected by MND,
improving research & raising awareness so that those with the
disease are addressed by society nil 10,000
Serve On Limited (Charity No. 1156504)
To provide humanitarian assistance & disaster response,
supporting domestic & international communities in times of need
delivering immediate response when & where required nil 10,000
The Voices Project (White Helmets) (ID No. 82-3505967)
To saving lives from the destruction of earthquakes, volunteers
responding to the recovery & rehabilitation of survivors nil 10,000
MSF– Doctors Without Boarders (Charity No. 1026588)
To relive & provide the relief of sickness & to provide medical aid
to those injured & preserve good health by the provision of
medical supplies, personnel & procedure to overcome disease,
injury & malnutrition nil 10,000
Unicef UK (Charity No. 1072612)
To support families worldwide affected by National disasters, such
as the Turkey earthquake & to raise funds for emergency &
development work helping children realise their full potential nil 10,000

17

The Joron Charitable Trust

Notes forming part of the financial statements for the year ended 31 March 2024 (continued)

_______________

2024 2023
£ £
Peace Hospice Care (Charity No. 1002878)
To providing comprehensive specialist palliative care without charge
& discrimination. Services include daycare, inpatient care, home
care, family & spiritual care providing support through into
bereavement
nil 10,000
DanceAbility (Charity. No. 1146914)
To promote social inclusion for people with a learning disability by
providing facilities for dance classes, dance groups, recreational &
public performances. 5,000 nil
Michael Sobell Hospice (Charity No. 1079638)
The Hospice & Centre for palliative care at Mount Vernon Hospital,
embracing a philosophy that is compatible with hospice care,
supported by a multidisciplinary team. 5,000 nil
Siobhan’s Trust Ukraine now HopeFull (Charity No. SC049842 )
To make food & deliver to internally displaced refugees & isolated
communities in the hardest hit arears of Ukraine.
The Charity Siobhan’s Trust Ukraine has now been passed over to a
newly established Charity called HopeFull. 5,000 nil
The Brownlee Foundation (Charity No. 1166638)
To help young people advance in life through providing recreational
& leisure activities in the interest of social welfare. Providing
support in developing social skills in becoming mature responsible
individuals. 10,000 nil
Noah’s Arch Children’s Hospice (Charity No. 1081156)
Helping babies, children & young people who have life-limiting &
life-threatening conditions, & their families. Making the most of
each day by providing clinical, emotional & practical support
carefully adapted for each child. 10,000 nil
Mayhew Animal Home (Charity No. 1077588)
To rescue & rehoming of stray, unwanted & abandoned animals.
Providing animal welfare services to vulnerable animals & pet
owners with free & low cost preventative veterinary care. 10,000 nil
Harmony Fund (ID No. 27-1293736 )
Dedicated to offering rescue squads across the planet to protect
animals in vulnerable situations. Providing food & veterinary care as
well as rescue & adoptions in neglected pounds. 15,671 nil

18

The Joron Charitable Trust

Notes forming part of the financial statements for the year ended 31 March 2024 (continued)

________________

7. Creditors: amounts falling due within one year
Independent examiner’s fees
Audit fees
Leicester Hospitals Charity (Charity No. 1056804)
The Freddie & Hughie 100K Football Challenge for all Children’s
Cancer Departments at Leicester Hospitals. Providing welfare &
amenities to patients & staff & providing state of the art
equipment.
2024
£
-
9,570
9,570
2024
£
5,000
£1,195,671
2023
£
2,700
-
2023
£
nil
£685,000
2,700

8. Unrestricted Income Fund

The Charity’s funds are unrestricted and comprise an income fund, which the Trustees are able to use for general purposes in accordance with the charitable objects.

9. Related Party transactions

Mr B D G Jarvis is a director of Ravensale Limited, from whom the Charity received voluntary income of £1,175,000 (2023 - £350,000) during the year.

During the year donations of £750,000 (2023 - £375,000) were made to The Gem Project NPC a charity which Miss J K Jarvis is a director.

At the year end, all income had been paid and there was no outstanding balances with Ravensale Limited.

Neill & Co a firm which Mr J A Kiernander is a partner received fees of £1,588 during the year (2023 - £780).

No other Trustees received remuneration for their services, benefits, or reimbursement of expenses during the year (2023- £Nil.)

10. Controlling Party

The Trustees are the controlling party of the Charity.

19