Registered Charity Number: 1111813
The John Ackroyd Charitable Trust
Report and Accounts
For the year ended 5th April 2023
The John Ackroyd Charitable Trust Report and Accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 - 3 |
| Independent auditors' report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 - 8 |
| Schedule to the Statement of Financial Activities | 9 - 10 |
The John Ackroyd Charitable Trust Company Information
| Trustees | J Bell (Chair) |
|---|---|
| P Bell | |
| P Payne | |
| Principal Office | Montholme |
| Apple Acre | |
| Child Oakford | |
| Blandford | |
| Dorset | |
| DT11 8HS | |
| Solicitors | Boodle Hatfield |
| 6 Worcester Street | |
| Oxford | |
| OX1 2BX | |
| Accountants | Avencia Tax and Accountancy Ltd |
| Chartered Tax Advisors | |
| Unit 13A, Mill Lane | |
| Wimborne | |
| Dorset | |
| BH21 1LN | |
| Investment Advisers | Investec Wealth and Investments Limited |
| Midland House | |
| 2 Poole Road | |
| Bournemouth | |
| Dorset | |
| BH2 5QY | |
| Charity Registered number | 1111813 |
1
The John Ackroyd Charitable Trust The report of the trustees
The Trustees present their report and accounts for the year ended 5th April 2023
Name, registered office and constitution of the charity
Charity name: The John Ackroyd Charitable Trust Date of Trust deed: 27 January 2000 Charity registration number: 1111813
Aims and objectives
The charity is governed by a written constitution in which its objects are set out.
The objects of the trust are:
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The relief of poverty and hardship among homeless and needy people of all ages, but especially young people;
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The relief and medical care of persons who are suffering from any illness, disability, disease or other infirmity whether physical or mental, in particular (but not limited to) the relief of children and young persons who are suffering from chronic or terminal disease and the relief of the families of such children and young persons who are in conditions of need, hardship or distress, and the support of medical research and the publication of the useful results of such research;
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The advancement of education including education in the arts (particulary music) for the public benefit;
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The promotion of the protection of endangered flora and fauna for the benefit of the public;
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The relief of distress for needy victims of armed conflict or of breaches of human rights; and
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• Other exclusively charitable purposes or purposes as the trustees may in their absolute discretion decide.
Review of activities and plans for the future
The board of trustees are satisfied with the performance of the charity during the year and the position at 5th April 2023. They consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations.
The organisational structure and how decisions are made
Each trustee looks out for good causes, having in mind the smaller type of charity which John Ackroyd supported in his lifetime. Grants are given only to registered charities. The board of trustees usually meet twice a year to discuss and approve potential grants, as appropriate.
Investment policies and reserves
The investment policy of the Trust is to optimise returns from its assets over the long term, having regard to the importance of limiting shorter term fluctuations in income returns and capital values through sensible diversification. All of the Trust's assets were managed by Investec Wealth and Investments Limited.
The trustees regularly monitor the performance of the fund managers throughout the year.
The trustees aim to maintain a core capital of just over £1m to be able to generate income to make grants.
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Risk management
The trustees identify any major risks to which the charity is exposed to each financial year, in particular those related to the operations and finances of the charity. Reasonable steps to mitigate those risks have been made.
Legal Status
The charity is an unincorporated charity governed by a written constitution adopted by its members. There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing The Trustees' Annual Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales and registered social housing legislation requires the Board of 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 its incoming resources and application of resources in that period. In preparing those financial statements, the Trustees are required to:-
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy 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.
The Trustees are responsible for the maintenance and integrity of the Charity and financial information included in the Charity's online presence. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.
This report was approved by the board on 23rd October 2023 and signed on its behalf.
J Bell Chair
3
The John Ackroyd Charitable Trust Independent Examiner's Report
Report of the Independent Examiner to the Trustees on the accounts of the charity for the year ended 5th April 2023
We report on the accounts of the Charity on pages 5 to 10 which have been prepared in accordance with the Charities Act 2011 and with the Financial Reporting Standard for Smaller Entities (FRSSE), effective January 2015, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective January 2016, adapted to meet the needs of unincorporated organisations, under the historical cost convention and the accounting policies set out on page 7.
Respective responsibilities of trustees and examiner
As described on page 3, the Charity's trustees are responsible for the preparation of the accounts. The trustees consider that the audit requirement of Section 43(2) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. It is our responsibility to state , on the basis of the procedures specified in the General Directions given by the Charity Commissioners for England & Wales under Section 43(7)(b) of the Act, whether particular matters have come to our attention.
Basis of opinion
We conducted our examination in accordance with the General Directions given by the Charity Commissioners for England & Wales. An examination includes a detailed review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the accounts comply with the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales (effective January 2016), on a test basis, of evidence relevant to the amounts and disclosures in the accounts.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit opinion on the view given by the accounts.
We planned and performed our examination so as to satisfy ourselves that the objectives of the independent examination are achieved and before finalising the report we obtain written assurances from the trustees of all material matters.
Independent Examiner's Statement, report and opinion
Subject to the limitations upon the scope of our work as detailed above, in connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met.
Avencia Tax and Accountancy Ltd Chartered Tax Advisors Unit 13A, Mill Lane Wimborne Dorset BH21 1LN
23rd October 2023
4
The John Ackroyd Charitable Trust Statement of Financial Activities for the year ended 5th April 2023
Income and Expenditure Account
| Notes Incoming Resources Operating activities in furtherance of charity's objectives Investment income Other incoming resources Total Incoming Resources Net Incoming Resources available for charitable applications Charitable expenditure Investment management costs Governance costs Grants payable Total Resources expended Net Incoming Resources before Transfers Transfers between funds :- Net Incoming Resources before revaluations and investment asset disposals Realised profit / (loss) on the disposal of investments Unrealised gains on investments in year Book cost adjustments in year Net Movement in funds Total revenue funds brought forward Total revenue funds carried forward 4 |
Capital & Revenue Unrestricted Restricted Total Funds Funds Funds 2023 £ £ £ - - - 29,534 - 29,534 - - - 29,534 - 29,534 29,534 - 29,534 12,433 - 12,433 750 - 750 33,000 - 33,000 46,183 - 46,183 (16,649) - (16,649) - - - (16,649) - (16,649) (1,530) - (1,530) (58,192) - (58,192) (65) (65) (76,436) - (76,436) 1,096,903 - 1,096,903 1,020,467 - 1,020,467 |
Total Funds 2022 £ - 28,217 - 28,217 28,217 10,293 730 117,000 128,023 (99,806) - (99,806) 6,487 55,314 1,607 (36,398) 1,133,301 1,096,903 |
|---|---|---|
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 8 as required by the said Statement.
All activities derive from continuing operations
The notes and schedule to the Statement of Financial Activities on pages 7 to 10 form an integral part of these accounts
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The John Ackroyd Charitable Trust Balance Sheet as at 5th April 2023
| Notes Fixed assets Investments 2 Current assets Cash at bank and in hand Current liabilities Creditors due within one year Net current assets Total assets less current liabilities Creditors: Amounts due after more than one year Net assets Capital and reserves Unrestricted capital & revenue reserves - endowment 4 Designated funds Total funds |
2023 £ 1,021,217 1,021,217 - - (750) (750) 1,020,467 - 1,020,467 (1,020,467) - (1,020,467) |
2022 £ 1,097,633 1,097,633 - - (730) (730) 1,096,903 - 1,096,903 (1,096,903) - (1,096,903) |
|---|---|---|
………………………………………………. J Bell
Chair
Approved for signature by the management committee on 23rd October 2023
The notes and schedule to the Statement of Financial Activities on pages 7 to 10 form an integral part of these accounts
6
The John Ackroyd Charitable Trust Notes to the Accounts for the year ended 5th April 2023
1 Summary of significant accounting policies
General information and basis of preparation
The John Ackroyd Charitable Trust is a charity registered in England and Wales. The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in according with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity has applied under Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS102 Section 1A.
The financial statements are prepared on a going concern basis, under the historical cost convention as modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These polices have been consistently applied to all years presented unless otherwise stated.
Income recognition
All incoming resources are included in the Statement of Financial Activites (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Investment Income
Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and occupational charges. Interest income is recognised using the effective interest method and dividend and occupational charges income is recognised as the charity's right to receive payment is established.
Charitable expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following :-
Activities in furtherance of the charity's objectives
The costs of activities in furtherance of the charity's objectives represents the cost of services and ancillary trading costs that have been incurred in charitable activities.
Management and administration of the charity
Management and administration costs represent expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.
Allocation of costs within types of resources expended
Administration expenditure includes all expenditure not directly related to charitable activity. In repect of certain items of expenditure it is a matter of judgement as to whether such items are direct charitable expenditure or are administrative, and the Trustees have applied what they consider to be reasonable judgements in apportioning such costs.
Realised and unrealised gains
Realised gains and losses are included in the accounts on the date at which a contractual obligation is entered into.
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The John Ackroyd Charitable Trust Notes to the Accounts for the year ended 5th April 2023
Unrealised gains and losses are computed by reference to the market value of the investments at the balance sheet date, compared to the brought forward cost or valuation, and gains and losses arising on similar categories of investments are netted off.
Listed investments
Listed investments have been included in the balance sheet at their mid-market value at the year end.
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011.
Funds
The charity maintains the endowment funds which must be held permanently by the charity. Income arising from these funds are unrestricted and expendable at the discretion of the trustees in furtherance of the objects of the charity. Investment management charges and legal advice relating to the fund are charged against the fund.
The trustees ensure a fund value of £1m is maintained.
Statement of expenses paid to trustees or connected persons
Expenses payments to the Trustees in the year - £nil (2022: £nil).
- 2 Investments reconciliation
| Investments reconciliation Market value of investments brought forward Additions at cost Disposals at carrying value Net gains / (losses) on revaluation Cash held by investment managers Investment portfolio valuation Investments at fair value are comprised of: Equities UK Equities overseas Fixed interest UK Fixed interest overseas Emerging economies UK property Alternative assets Cash and accrued interest Funds Investments Net current assets At 5th April 2023 |
2023 £ 1,061,165 51,995 (46,702) (58,329) 1,008,129 13,088 1,021,217 2023 £ 232,272 352,090 141,464 50,947 18,085 21,004 168,267 37,088 1,021,217 2023 £ 1,021,217 (750) 1,020,467 |
2022 £ 1,083,039 121,782 (200,636) 56,980 1,061,165 36,468 1,097,633 2022 £ 231,904 419,975 109,422 54,472 19,205 33,462 180,725 48,468 1,097,633 2022 £ 1,097,633 (730) 1,096,903 |
|---|---|---|
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3 Investments at fair value are comprised of:
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4 Funds
8
The John Ackroyd Charitable Trust Schedule to the Statement of Financial Activities for the year ended 5th April 2023
| Incoming Resources Operating activities in furtherance of the charity's objectives Investment Income Dividends received - UK Dividends received - Overseas Dividends received - Unit trusts Interest received - UK Interest received - Overseas Interest received - Unit trusts Other investment income Total Incoming Resources Charitable expenditure Costs of activities in furtherance of the charity's objectives Donations / Grants made Investment examiner's fee Investment manager's fee Other legal and professional fees Investment movements Unrealised (gains) / losses on investments during year (Gains) / losses on disposal of invesments Adjustments to book cost of share investments Total expenditure Total surplus / (deficit) |
Unrestricted Restricted Funds Funds 2023 2023 £ £ 15,133 - 2,502 - 5,184 - 1,412 - 332 - 3,247 - 1,724 - 29,534 - 33,000 - 750 - 12,433 - - - 46,183 - 58,192 - 1,530 - 65 - 59,787 - 105,970 - |
Total Funds 2023 £ 15,133 2,502 5,184 1,412 332 3,247 1,724 29,534 33,000 750 12,433 - 46,183 58,192 1,530 65 59,787 105,970 (76,436) |
Prior Period Total Funds 2022 £ 13,595 2,306 6,036 1,529 6 3,639 1,106 28,217 117,000 730 10,293 - 128,023 (55,314) (6,487) (1,607) (63,408) 64,615 (36,398) |
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The John Ackroyd Charitable Trust Schedule to the Statement of Financial Activities for the Year Ended 5th April 2023
| Analysis of grants paid Grants Ability Dogs 4 Young People Aid 4 Rojo Asthma Relief Asperger East Anglia Aylsham & District Care Trust Autism Wessex Bournemouth Symphony Orchestra Blackmore Vale Charity Blooming Blossom Trust Box of Basics British Liver Trust British Polio Fellowship Build Charity Caudwell Children Cerebal Palsy Plus Care for Veterans Caring for Life Chestnut - Treehouse hospice Childrens Hospice Pyjamas Community Heartbeat Trust Compass Disability Services Contact Hostel Critical Support Cystic Fibrosis Trust Daisy's Dream Deaf Blind UK Designability Different Strokes Dressability Ellenor Emily's Star EP Youth Ltd First Steps (Bath) Frimley Health Charity Gillingham Youth Foundation GNHCT Handicapped Children's Action Group Head Outdoors Helpful Hounds Home Start North Dorset Jigsaw Leeds Weekend Care Association Lennox Childrens Cancer Fund Lewis-Manning Hospice Care Little Havens Children's Hospice Little Hearts Matter Little Hiccups Marches Family Network Marnhull Village Hall Motor Neurone Disease Association Mums Nurture Norfolk Accident Rescue Service Oakleaf Enterprise Orchard Dementia Centre Ovacome Pancreatic Cancer UK Parity for Disability PCC of Newton St. Loe Pilgrims Hospice Rainbows Root and Branch Royal Horticultural Society Royal Society for Blind Children Sandhurst Day Centre Association Shetland MRS Scanner Appeal Sight for Surrey Sofa Project Ltd Splitz Support Service St. Gregory's C of E Primary School St. Wilfrids Hospice The Donna Louise Trust The Eve Appeal The Gillingham Community and Leisure Trust The Katie Piper Foundation The Lightbox The Vale Pantry Tiny Tickers Tiny Tim's Children's Centre Tourettes Action Wyfold Group Riding for the Disabled Your Sanctuary Total grants |
Unrestricted Funds 2023 £ £ 1,500 1,500 3,000 3,000 - - - - - - - - 5,000 5,000 - - - - - - - - - - - - - - - - - - - - 1,000 1,000 1,000 1,000 2,500 2,500 1,000 1,000 - - 5,000 5,000 - - - - - - - - - - 1,000 1,000 2,000 2,000 - - - - - - - - - - - - - - - - - - - - - - - - 1,000 1,000 1,000 1,000 - - - - - - - - - - - - - - - - - - - - - - 2,000 2,000 - - - - 2,000 2,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,000 2,000 1,000 1,000 - - 1,000 1,000 - - - - 33,000 33,000 |
2022 £ - - 2,000 1,000 1,000 1,300 5,000 2,000 - - 2,000 1,000 1,000 - 1,000 2,000 1,000 - - - - 2,000 1,000 1,000 2,000 1,000 - 1,000 1,000 14,000 2,200 5,000 1,000 3,000 1,300 4,000 1,000 1,000 1,000 - - - 1,000 3,500 - 1,000 1,000 - 2,000 2,000 2,000 - 2,000 1,000 2,000 1,000 2,000 - 1,000 1,000 - - 2,000 - 2,000 3,700 8,000 10,000 1,000 2,000 3,000 117,000 |
|---|---|---|
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