REGISTERED COMPANY NUMBER: 06660648 (England and Wales)
REGISTERED CHARITY NUMBER: 1125937
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
THE HELEN JEAN COPE CHARITY
Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR
THE HELEN JEAN COPE CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
|
|
Page |
|
Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
6 |
to |
7 |
Notes to the Financial Statements |
8 |
to |
17 |
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsof the charityforthe yearended 31 December2023.The trusteeshaveadoptedthe provisionsof Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are to distribute the charity's assets to local charitable causes which must be registered charities.
Public benefit
ThetrusteeshavepaiddueregardtoguidanceissuedbytheCharityCommissionindecidingwhatactivitiesthecharity should
undertake.
The objectives and everything the charity does is for the public benefit.
Grantmaking
The grant policy is to:-
-
give donations to registered charities only.
-
not to give to individuals.
-
not to make any permanent on-going commitment to any one charity.
-
to consider repeat applications on their merit and in the light of the financial position at that time.
-
consider applications from non-local charities on their merit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has distributed 42 (2022: 49) grants to charities during the period.
FINANCIAL REVIEW
Financial position
The total expenditure during the period was £112,763 (2022: £119,385).
Thecharityhastotalfundscarriedforwardof£6,677,299(2022:£6,547,470)whichwillbe usedtocontinuemeetingthe charity's
objectives.
Investment policy and objectives
TheConstitutionauthorisethetrusteestomakeandholdinvestmentsusingtheassetsofthecharity.Thetrusteeshave entered
intoa discretionarymanagementagreementof the investmentportfoliowithCharlesStanleyand CompanyLtd.Duringthe period
thetrusteesaskedthebrokerstotakeintoaccountanysocial,environmentalorethicalconsiderationswhenmanaging the
portfolio.
The overallvalueof the charity'slistedand unlistedinvestmentsincreasedby £89,836during the year.Grossdividendsreceived in
theperiodamountedto£83,721(2022:£72,218).Thetrusteeshaveconsideredtheriskofthepandemicontheinvestments as
noted in this report.
Reserves policy
TheCharity'sunrestrictedfundsaremainlyinvestedinstocksandshares.TheCharitydoesnotsolicitdonationsorreceive any
grants,nordoesitprovidecontinuedfundingtoanyorganisations.Thelikelihoodofashortfallarisingmeaningthatareserve is
necessaryisconsideredsolowthattheTrusteesbelievethattheCharity'sreservescanbesetataleveltosimplycover the
contractual expenses of the Charity relating to its continued operations which are as follows:
a) Lease of the office premises (maximum commitment of three years)
b) Public Liability and office Insurance
c) Salary of part time Administrator
-
d) Fees payable to professional advisers
-
e) General administration costs
-
f) Such other expenditure as the Trustees may from time to time consider necessary for the operation of the Charity
The Trusteeshave resolvedthat a sum sufficientto coverthree yearsexpenses shall at all times be reservedfrom the assetsof the
Charity or until such time as the Charity shall come to an end.
Page 1
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Helen Jean Cope Charity is a charitable company limited by guarantee and registered in England and Wales Number: 06660648.
Charity constitution
The charitablecompanywas incorporatedon 30 July 2008 and registeredunder the number 1125937 with the Charity Commission.
The companytookover the assetsand operationsof the charity"The Helen Jean Cope Trust"whichwas removedas a charity. The
trusteesofthecharitywerethesameasthetrusteesofTheHelenJeanCopeTrust.Thesewereoriginallytwoofthe executors
namedinthewillofMissHelenJeanCopeplusthreeadditionaltrusteesthatwereappointedinaccordancewiththe discretion
conferredbythewilltotheexecutors.Appointmentofanyfurthertrusteesisnowatthediscretionofexistingtrusteesand in
accordance with the Memorandum and Articles of Association.
None of the trusteeshas any beneficialinterestin the company.All of the trusteesare membersof the companyand guarantee to
contribute £1 in the event of winding up.
Organisational structure
Thecharityisrunbysixtrusteeswhomeetonaregularbasisandconsiderapplicationsforgrants.Applicationsforgrants are
received from registered charitiesin the United Kingdom who hear about the charity by way of articles in local newspapersand also
National Charities Register. Information regarding the charity is also held in local libraries.
The tenanted land and buildings are administered by the managing agents, E A Lane and Sons.
Risk management
Thetrusteeshaveassessedthemajorriskstowhichthecharityisexposed,arearesatisfiedthatthesystemsareinplace to
mitigate exposure to the major risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
06660648 (England and Wales)
Registered Charity number
1125937
Registered office
1 Woodgate
Loughborough
Leicestershire
LE11 2TY
Trustees
Miss L A Brydson Retired Solicitor
Mr G S Freckelton Chartered Surveyor
Mr A Roberts Retired Solicitor
Mr J M Carrington Managing Director
Mr A J Benskin Solicitor
Mr M G Freckelton Director
Company Secretary
Mr J M Carrington
Independent Examiner
Niall Kingsley FCA
Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR
Page 2
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Solicitors
Fieldings Porter
Silverwell House
Silverwell Street
Bolton
BL1 1PT
Bankers
HSBC Bank plc
P O Box 13
41 Market Place
Loughborough
Leicestershire
LE11 3EJ
Investment advisors
Charles Stanley and Company Limited
25 Luke Street
London
EC2A 4AR
Land agents
E A Lane and Sons
100 Regent Road
Leicester
LE1 7DG
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.
The financialstatementswere approvedand authorisedfor issue by orderof the boardof trusteeson .............................................
and signed on its behalf by:
..............................................................................
Mr G S Freckelton - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE HELEN JEAN COPE CHARITY
Independent examiner's report to the trustees of The Helen Jean Cope Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006Actand are
eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccountsas carriedout under Section
145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbythe Charity
Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completedmy examination.I confirmthat no mattershave come to my attentionin connectionwith the examination giving
me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concernsand have come across no other matters in connectionwith the examinationto which attentionshould be drawn
in this report in order to enable a proper understanding of the accounts to be reached.
Niall Kingsley FCA
Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR
Date: .............................................
Page 4
THE HELEN JEAN COPE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023
Notes
INCOME AND ENDOWMENTS FROM
Investment income
3
Other income
4
Total
EXPENDITURE ON
Raising funds
Investment management costs
5
Charitable activities
6
Charitable activities
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2023
Unrestricted
funds
£
103,916
40,000
143,916
13,863
13,863
98,964
112,827
98,676
129,765
6,547,470
6,677,235 |
2022
Total
funds
£
90,993
-
90,993
13,592
13,592
105,793
119,385
(325,548)
(353,940)
6,901,410
6,547,470 |
|
|
|
The notes form part of these financial statements
Page 5
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
BALANCE SHEET 31 DECEMBER 2023
Notes
FIXED ASSETS
Tangible assets
15
Investments
Investments
16
Investment property
17
CURRENT ASSETS
Debtors
18
Cash at bank
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
21
Unrestricted funds:
General fund
Fair Value Reserve
TOTAL FUNDS |
2023
Unrestricted
funds
£
393
2,093,731
4,406,050
6,500,174
9,553
175,423
184,976
(7,915)
177,061
6,677,235
6,677,235
3,576,185
3,101,050
6,677,235
6,677,235 |
2022
Total
funds
£
521
2,003,894
4,406,050
6,410,465
4,684
139,507
144,191
(7,186)
137,005
6,547,470
6,547,470
3,446,420
3,101,050
6,547,470
6,547,470 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
31 December 2023.
The members have not required the company to obtain an audit of its financialstatements for the year ended 31 December 2023 in
accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financialstatements which give a true and fair view of the state of affairs of the charitablecompany as at the end
ofeachfinancialyearandofitssurplusordeficitforeachfinancialyearinaccordancewiththerequirementsof Sections
394and395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relatingto financial
statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 6
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
BALANCE SHEET - continued 31 DECEMBER 2023
These financialstatementshave been prepared in accordancewith the provisionsapplicableto charitablecompaniessubject to the
small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon............................................. and
were signed on its behalf by:
.............................................
Mr G S Freckelton - Trustee
The notes form part of these financial statements
Page 7
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
TheHelenJeanCopeCharityisaprivateCharitableCompanyLimitedbyGuaranteeregisteredinEnglandandWales. The
charity'sregisterednumberis1125937andtheCompanyregistrationnumberis06660648.Theregisteredoffice and
principal address of the charity is 1 Woodgate, Loughborough, Leicestershire, LE11 2TY.
Thefinancialstatementsarepresentedinsterlingwhichisthefunctionalcurrencyofthecharityandroundedto the
nearest £.
The significantaccountingpolicies applied in the preparationof these financialstatementsare set out below. These policies
have been consistently applied to all years presented unless otherwise stated.
The financial statements cover the individual entity.
The entity constitutes a public benefit entity as defined by FRS 102.
There are no material concerns relating to going concern.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunder FRS 102,havebeen prepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
Practiceapplicabletocharitiespreparingtheiraccountsin accordancewiththeFinancialReportingStandardapplicable in
theUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'The Financial
ReportingStandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
havebeen preparedunder the historicalcostconvention,withthe exceptionof investmentswhichare includedat market
value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptioninpreparingthese financial
statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.
To ensure compliance with the accruals concept it may be necessary to defer income into the following period.
Expenditure
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasacommitmentbut not
accrued as expenditure.
Tangible fixed assets
Tangiblefixedassetsarestatedatcostlessaccumulateddepreciationandaccumulatedimpairmentlosses.Cost includes
costs directly attributable to making the asset capable of operating as intended.
Depreciationis providedon all tangiblefixed assets,at ratescalculatedto writeoffthe cost,less estimatedresidual value,
of each asset on a systematic basis over its expected useful life as follows:
Fixtures and fittings15% on cost
Investment property
Investment property is shown at the most recent valuation.
continued...
Page 8
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
2. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
Foreign currencies
Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingatthebalance sheet
date.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateofexchangerulingatthedate of
transaction. Exchange differences are taken into account in arriving at the operating result.
Investments
Fixed asset investments are measured at fair value if the shares are publicly traded or can otherwise be measured reliably.
The valuationof the unlistedsharesis based on the charitablecompany'spercentageshareholdingof the net assetsof the
unlisted company which it holds shares in per the latest available accounts.
Realisedandunrealisedgainsorlossesonassetsareaccountedforinfullwithintheparticularfundofwhichthe asset
forms a part.
Value Added Tax
The charity is not required to register for VAT. All income and expenses include VAT where applicable.
Debtors and creditors receivable / payable within one year
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecordedat transaction
price. Any losses arising from impairment are recognised in expenditure.
3. INVESTMENT INCOME
Rents received
Income from listed investments
Income from unlisted investments
OTHER INCOME
Option agreement |
2023
£
20,195
82,263
1,458
103,916
2023
£
40,000 |
2022
£
18,775
69,302
2,916 |
|
|
90,993 |
|
|
2022
£
- |
4. OTHER INCOME
continued...
Page 9
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
5. INVESTMENT MANAGEMENT COSTS
2023
£
Fund manager costs
13,863
6.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct
activities
Support
Costs (see
(see note
costs (see
note 7)
8)
note 9)
£
£
£
Charitable activities
34,299
60,400
4,265
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2023
£
Staff costs
9,535
Rates and water
118
Insurance
1,802
Light and heat
2,330
Telephone
891
Postage and stationery
1,288
Sundries
2,819
Rent
9,000
Repairs
481
Travel expenses
2,110
Legal and professional fees
3,797
Depreciation
128
34,299
8.
GRANTS PAYABLE
2023
£
Charitable activities
60,400
The total grants paid to institutions during the year was as follows:
2023
£
Per note 24
60,400 |
2022
£
13,592 |
|
Totals
£
98,964 |
|
2022
£
8,835
162
1,177
3,326
814
1,028
2,449
9,214
420
1,966
4,257
128 |
|
33,776 |
|
2022
£
67,585 |
|
2022
£
67,585 |
Grantspaid to institutionsare analysedin detailin note 24. In additionthe trusteeshaveapprovedgrantstotalling £8,500
(2022: £7,500)which were not paid at 31 December2023. Grants are paid to institutionsin accordancewith the objects as
detailed in the trustees report.
continued...
Page 10
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
9. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Finance |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Charitable activities |
85 |
4,180 |
4,265 |
10. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Depreciation - owned assets |
|
128 |
128 |
11. |
INDEPENDENT EXAMINERS' REMUNERATION |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Payroll fees |
|
760 |
786 |
|
Independent Examination and preparation of accounts |
|
3,420 |
3,557 |
12. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norfortheyear ended
31 December 2022.
Trustees' expenses
The reimbursement of trustees' expenses was as follows:
2023
2022 |
2023 |
2022 |
Number
Number |
£ |
£ |
|
|
|
Travel and subsistence
6
6 |
4,579 |
3,378 |
|
|
|
|
4,579 |
3,378 |
|
|
|
STAFF COSTS
2023
2022
£
£
Wages and salaries
9,435
8,835
Social security costs
100
-
9,535
8,835 |
|
|
13. STAFF COSTS
The average monthly number of employees during the year was as follows:
Secretarial
Trustees |
2023
1
6
7 |
2022
1
6 |
|
|
7 |
No employees received emoluments in excess of £60,000.
continued...
Page 11
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
Unrestricted |
|
|
funds |
|
|
£ |
|
INCOME AND ENDOWMENTS FROM |
|
|
Investment income |
90,993 |
|
EXPENDITURE ON |
|
|
Raising funds |
|
|
Investment management costs |
13,592 |
|
|
13,592 |
|
Charitable activities |
|
|
Charitable activities |
105,793 |
|
Total |
119,385 |
|
Net gains/(losses) on investments |
(325,548) |
|
NET INCOME/(EXPENDITURE) |
(353,940) |
|
RECONCILIATION OF FUNDS |
|
|
Total funds brought forward |
6,901,410 |
|
TOTAL FUNDS CARRIED FORWARD |
6,547,470 |
15. |
TANGIBLE FIXED ASSETS |
|
|
|
Fixtures |
|
|
and |
|
|
fittings |
|
|
£ |
|
COST |
|
|
At 1 January 2023 and 31 December 2023 |
4,564 |
|
DEPRECIATION |
|
|
At 1 January 2023 |
4,043 |
|
Charge for year |
128 |
|
At 31 December 2023 |
4,171 |
|
NET BOOK VALUE |
|
|
At 31 December 2023 |
393 |
|
At 31 December 2022 |
521 |
continued...
Page 12
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
16. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 January 2023
1,889,515
Additions
119,170
Disposals
(135,243)
Revaluations
103,960
At 31 December 2023
1,977,402
NET BOOK VALUE
At 31 December 2023
1,977,402
At 31 December 2022
1,889,515
The investment assets are held:
Listed
investments
£
In the UK
1,500,819
Outside the UK
476,583
1,977,402
Historical cost:
At 31 December 2023
1,977,402
At 31 December 2022
1,889,515
Cost or valuation at 31 December 2023 is represented by:
Listed
investments
£
Valuation in 2023
1,977,402
17.
INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2023
and 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022 |
Listed
investments
£
1,889,515
119,170
(135,243)
103,960
1,977,402
1,977,402
1,889,515 |
Unlisted
investments
£
114,379
-
-
1,950
116,329
116,329
114,379 |
Unlisted
investments
£
114,379
-
-
1,950
116,329
116,329
114,379 |
|
Totals
£
2,003,894
119,170
(135,243)
105,910
2,093,731
2,093,731
2,003,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unlisted
shares |
|
Totals |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
1,500,819 |
|
116,329 |
|
1,617,149 |
|
476,583 |
|
- |
|
476,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,977,402 |
|
116,329 |
|
2,093,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,977,402 |
|
116,329 |
|
2,093,731 |
|
|
|
|
|
|
|
1,889,515 |
|
114,379 |
|
2,003,895 |
|
|
|
|
|
|
|
Listed
investments
£
1,977,402 |
Unlisted
investments
£
116,329 |
|
|
Totals
£
2,093,731
£
4,406,050
4,406,050
4,406,050 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The valuationof the investment property is based on the valuationby E A Lane & Sons at 31 December 2021, a professional
Chartered Surveyor with experience in the location and class of the property.
The trustees have considered this valuation and to the best of their knowledge believe this valuation remains appropriate.
The formal valuation in 2021 gave rise to a significant increase in the overall value of the investment property.
continued...
Page 13
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
17. INVESTMENT PROPERTY - continued
The investmentpropertyconsistsof land held by the Charity.The significantincreasein this value is due to an area of land
held, which was not previouslyconsideredto hold developmentpotential,now falling within a local developmentarea, and
an option being agreed over this land in 2021.
Fair value at 31 December 2023 is represented by:
Valuation in 2023
18.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income
19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals |
2023
£
9,553
2023
£
1,005
6,910
7,915 |
£
4,406,050 |
£
4,406,050 |
|
|
|
2022
£
4,684 |
|
|
|
2022
£
59
7,127 |
|
|
|
7,186 |
20. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Fair Value Reserve
TOTAL FUNDS |
At 1.1.23
£
3,446,420
3,101,050
6,547,470
6,547,470 |
2023
£
9,000
36,000
33,750
78,750
Net
movement
in funds
£
129,765
-
129,765
129,765 |
2022
£
6,750
-
-
6,750
At
31.12.23
£
3,576,185
3,101,050 |
2022
£
6,750
-
- |
|
|
|
|
6,750 |
|
|
|
6,677,235 |
|
|
|
|
6,677,235 |
|
21. MOVEMENT IN FUNDS
continued...
Page 14
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
21. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
143,916
143,916 |
Resources
expended
£
(112,827)
(112,827) |
Gains and
Movement
losses
in funds
£
£
98,676
129,765
98,676
129,765 |
Gains and
Movement
losses
in funds
£
£
98,676
129,765
98,676
129,765 |
|
|
|
|
129,765 |
Comparatives for movement in funds
At 1.1.22
£
Unrestricted funds
General fund
3,800,360
Fair Value Reserve
3,101,050
6,901,410
TOTAL FUNDS
6,901,410
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
90,993
(119,385)
TOTAL FUNDS
90,993
(119,385) |
Net
movement
in funds
£
(353,940)
-
(353,940)
(353,940)
Gains and
losses
£
(325,548)
(325,548) |
At
31.12.22
£
3,446,420
3,101,050 |
At
31.12.22
£
3,446,420
3,101,050 |
|
|
6,547,470 |
|
|
|
6,547,470 |
|
|
|
Movement
in funds
£
(353,940)
(353,940) |
|
|
|
|
(353,940) |
22. RELATED PARTY DISCLOSURES
Duringtheyear£9,000(2022:£9,214)waspaidbythecharitytorenttheiroffices,whicharepartownedbyMr G
Freckelton, a trustee of the charity.
Included within debtors is £2,250 (2022: £2,250) in respect of rent prepaid in respect of the above.
continued...
Page 15
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
23. FINANCIAL INSTRUMENTS
The carrying amount of the charity's financial instruments are as follows:
|
2023 |
2022 |
|
£ |
£ |
Financial assets at fair value through income and expenditure |
|
|
Listed investments |
1,977,402 |
1,889,515 |
Unlisted investments |
116,329 |
114,380 |
Theincomes,expenses,netgainsandnetlossesattributabletothecharity'sfinancialinstrumentsaresummarised as
follows:
|
2023 |
2022 |
|
£ |
£ |
Net gains and losses (including changes in fair value) |
|
|
Financial assets measured at fair value through net income/expenditure |
89,836 |
(339,690) |
Thetotaldividendincomefromfinancialassetsthataremeasuredatfairvaluethroughtheincomestatement was
£83,721(2022 - £72,218).
continued...
Page 16
THE HELEN JEAN COPE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
24. GRANTS TO INSTITUTIONS
Registration No.
Name of Charity |
Amount |
|
£ |
1151899
Arthrities Support (Clash) |
500 |
1062718
Ashfield Home Safety Project |
1,000 |
1074729
BDAA |
1,000 |
1134668
Baby Basics |
1,000 |
1131442
Belvoir Cricket & Countryside Trust |
2,000 |
286614
Calibre Audio |
1,000 |
7807276
Canal & River Trust |
1,000 |
1079770
Caudwell Children |
500 |
1120694
Charnwood 20:20 (Love4Life) |
2,000 |
1060827
Charnwood Christmas Toy Appeal |
2,500 |
1105195
Clowns In the Sky |
750 |
1169556
Cornwater Evergreens |
1,000 |
218063
Derbyshire Children's Holiday Centre |
1,000 |
223219
Derby Toc H Childrens Camp |
1,000 |
Desford Free Church |
1,000 |
234323
Epilepsy Action |
1,000 |
1103101
Falcon Support Services |
5,000 |
800262
Family Holiday Charity |
1,200 |
293358
Hearing dogs for Deaf People |
1,500 |
1136428
Holy Trinity Church Hinckley |
1,000 |
501890
Leicester Bach Chior |
2,000 |
1183890
Leukaemia Care |
1,000 |
1017501
Lincs & Notts Air Ambulance |
1,000 |
264221
Listening Books |
1,000 |
1166562
Loughborough Bellfoundry Trust |
2,500 |
Sc024414
Maggie's |
1,000 |
803016
Meningitis Now |
1,000 |
294354
Motor Neurone Disease Association |
1,000 |
1148855
Muscular Dystrophy Support Centre |
1,500 |
1170125
Newlife |
1,000 |
702239
Rotary Club Loughborough |
1,500 |
1046854
Roy Castle Lung Cancer Foundation |
1,000 |
1081009
Royal Air Force Benevolent Fund |
1,000 |
1167947
Shawmind |
1,000 |
1039294
Shepshed Glenmore Centre - Christmas Lunch |
750 |
1039294
Shepshed Glenmore Centre - Community Bus |
1,200 |
1158312
Shepshed Toy Library |
1,000 |
St Edmonds Church Egleton |
1,000 |
St Helen's Church Plungar |
1,000 |
St James The Greater Oaks in Charnwood |
5,000 |
St John Baptist Church Grimston |
1,000 |
St John's Ambulance |
1,500 |
1063143
Steps |
1,000 |
1184076
Total Insight Theatre |
1,000 |
1150203
Unbrella |
1,000 |
218992
Vista |
1,500 |
|
|
|
61,400 |
|
|
Page 17