## **THE LADY JOSEPH CHARITABLE TRUST**
(Registered charity, number 1131401)
## **Financial Statements for the year ended 5 April 2024**
1
## **THE LADY JOSEPH CHARITABLE TRUST**
## **Financial Statements**
**for the year ended to 5 April 2024**
## **Contents**
- 3 Trustees’ annual report 5 Independent Examiner’s report
- 7 Statement of Financial Activities 8 Balance Sheet
- 9 Notes to the accounts
2
## **THE LADY JOSEPH CHARITABLE TRUST**
**Trustees’ Annual Report for the year ended 5 April 2024**
## **Registered charity number**
1131401
## **Main address**
The Lady Joseph Charitable Trust Corndean Hall Winchcombe Cheltenham GL54 5AN
## **Trustees**
Henrietta Cheetham (appointed 3 July 2009) Iona Joseph (appointed 3 July 2009)
## **Bankers**
Royal Bank of Scotland Cheltenham Branch 45 The Promenade Cheltenham GL50 1PY
## **Accountants**
Michaelides Warner 102 Fulham Palace Road London W6 9PL
## **Governance and management**
Management is carried out by Henrietta Cheetham with valuable input from her fellow Trustee, Iona Joseph, the charity’s patron, David Hunt, and a number of advisors including Michel Assouline and Maggie Jackman.
## **Aims and objectives**
The Trust aims to relieve people with physical, mental, or sensory disabilities by encouraging and facilitating their participation in equestrian sporting activities and assisting in the provision of training, facilities, horses and equipment for this purpose.
## **Summary of the main achievements during the period**
The charity has continued to train the horses for use by disabled riders, and continued to provide opportunities for disabled people to become involved in equestrian sports.
3
## **The charity’s policy on reserves**
It has been decided that £40,000 of the income will be retained as reserves for the charity. Ongoing charitable expenditure and operating costs will be met from the remainder of the income received to date and from future donations.
Signed on behalf of the charity’s trustees:
Signed Henrietta Cheetham (Jan 21, 2025 16:21 GMT) _____________________ Date __________ Jan 21, 2025 Henrietta Cheetham
4
## **THE LADY JOSEPH CHARITABLE TRUST**
## **Independent Examiner's report to the trustee of The Lady Joseph Charitable Trust for the year ended 5 April 2024**
We report on the accounts of the above name charity for the year ended 5 April 2024 which are set out on pages 7 to 9.
## **Respective responsibilities of trustee and examiner**
The trustee is responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is our responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as member concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to our attention:
- (1) which gives us reasonable cause to believe that in any material respect the requirements:
- the accounting records were not kept in accordance with section 130 of the Charities Act 2011; and
- the accounts prepared from the accounting records did not comply with the accounting requirements of the 2011 Act, and
- the accounts do not comply with the applicable requirements concerning the content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
have been met; or
5
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
…………………………………………
Michaelides Warner Chartered Accountants 102 Fulham Palace Road London W6 9PL
20/01/2025 Date: …………………………
6
## **THE LADY JOSEPH CHARITABLE TRUST Statement of Financial Activities for the year ended 5 April 2024**
|**Receipts:**
Horse Sale
Donations
Gift Aid recoverable
Interest
Total Receipts
**Payments:**
Horse purchases
Veterinary fees
Insurance
Training and riding services
Horse maintenance
Printing, postage, and
stationery
Subscriptions
Traveling
Computer cost
Sundry
Rates
Legal and professional fees
Advertising
Accountancy fees
Bank charges
Total Payments
**Net Receipts/(Expenses)**
Total unrestricted funds of the
charity brought forward
**Total unrestricted funds of**
**the charity carried forward**|**£**
-
-
-|**5 April 2024**
**£**
94,781
3,309
98,090
(25,545)
**72,545**
98,690
**171,235**|**5 April 2023**
**£**
**£**
112,801
-
-
-
112,801
48,000
996
7,107
947
-
-
135
-
312
-
-
1,410
-
(58,907)
**53,894**
44,796
**98,690**|
|---|---|---|---|
||20,000
1,122
(1,671)
-
3,648
-
-
-
244
439
125
-
107
1,530
-||48,000
996
7,107
947
-
-
135
-
312
-
-
1,410
-|
|||||
7
## **THE LADY JOSEPH CHARITABLE TRUST**
## **Balance Sheet**
**As at 5 April 2024**
|**Assets**
Debtors
Cash at Bank
Total Assets
**Liabilities**
Accruals
Trade Creditors
Other creditors
Total Liabilities
**Net Assets**
**Total unrestricted funds of**
**the charity**|**5 April 2024**
**£**
**£**
-
173,037
173,037
1,782
-
20
(1,802)
**171,235**
**171,235**|**5 April 2023**
**£**
**£**
46,598
54,536
101,134
1,782
642
20
(2,444)
**98,690**
**98,690**|**5 April 2023**
**£**
**£**
46,598
54,536
101,134
1,782
642
20
(2,444)
**98,690**
**98,690**|
|---|---|---|---|
||1,782
-
20|1,782
642
20||
|||||
||||**98,690**|
These financial statements are accepted on behalf of the charity by:
Signed Henrietta Cheetham (Jan 21, 2025 16:21 GMT) _____________________ Date __________ Jan 21, 2025 Henrietta Cheetham
8
## **THE LADY JOSEPH CHARITABLE TRUST**
## **Notes to the accounts**
**for the year ended 5 April 2024**
## **1. Basis of Accounting**
These Accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2019)
- And with the Charities Act 2011
## **2. Incoming Resources**
## _Recognition of Incoming Resources_
These are included in the Statement of Financial Activities (SoFA) when
- the charity becomes entitled to the resources;
- the trustees are virtually certain they will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## _Tax reclaims on donations and gifts_
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
## _Gifts in kind_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.
## **3. Committee members’ remuneration**
No Committee members received any receipts from the charity during the period.
## **4. Related party transactions**
Amount included in debtors last year are owed by Henrietta Cheetham and are later transferred to charity account during the year.
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## **Trust and Estate Tax Return 2024**
for the year ended 5 April 2024 (2023-24)
Phone **`0300 123 1072`**
## Date **`06 April 2024`**
HM Revenue & Customs **`Trusts BX9 1EL United Kingdom`**
**`Mrs H J Cheetham Corndean Hall Winchcombe Gloucestershire GL54 5AN`**
Tax Reference **`1314867647`**
## **`The Lady Joseph Charitable Trust`**
This notice requires you by law to send us a tax return giving details of income and disposals of chargeable assets, and any documents we ask for, for the year 6 April 2023 to 5 April 2024. We've sent you this paper form to fill in, but you can also file the tax return online using our internet service (you will need to buy commercial software).
Make sure the tax return, and any documents we ask for, reach us by:
- 31 October 2024 if you want us to calculate the trust's or estate's tax or if you file a paper tax return, or both, or
- 31 January 2025 if you file the return online
-
Whichever method you choose, the tax return and any documents asked for must reach us by the relevant deadline or we will charge an automatic penalty of £100.
If you file online, you have until 31 January to file the tax return and you'll receive an instant on-screen acknowledgement telling you that we've received it. You can still file online even if we've sent you a paper tax return. To file online, go directly to our official website by typing www.gov.uk/taxreturnforms into your internet browser address bar. Do not use a search website to find HMRC services online.
If this return has been issued to you after 31 July 2024, then you must make sure that you fill it in and return it by the later of:
- the relevant dates above, or
-
- 3 months after the date of issue
-
Make sure your payment of any tax the trust or estate owes reaches us by 31 January 2025. Otherwise you'll have to pay interest, and possibly a late payment penalty.
We may check the Trust and Estate Tax Return. There are penalties for supplying false or incomplete information.
## **Calculating the trust's or estate's tax**
You can choose to calculate the trust or estate's tax. But if you do not want to, and providing we receive the return by 31 October 2024, we'll work out the tax for you and let you know if there is tax to pay by 31 January 2025
However, if you file later than 31 October 2024 or 3 months after the date this notice was given, see the Trust and Estate Tax Calculation Guide (sent with this return unless we know you have a tax adviser).
## **The Trust and Estate Tax Return – your responsibilities**
We have sent you pages 1 to 12 of the tax return. You might need other forms – 'supplementary pages' – if the trust or estate had particular income or capital gains. Use page 3 to check.
You are responsible for sending us a complete and correct return, but we're here to help you get it right.
## **Ways we can help you:**
- the Trust and Estate Tax Return Guide should answer most of your questions, go to www.gov.uk/taxreturnforms
- phone us on the number above
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**INCOME AND CAPITAL GAINS for the year ended 5 April 2024**
## **Step 1**
You may not have to answer all the questions in this tax return.
Tick if this applies
- **read the** 1) If you're the trustee of a bare trust (except an unauthorised unit trust), that is, one in which **notes in** the beneficiary(ies) has/have an immediate and absolute title to both capital and income, you can **the Trust** go straight to Question 17 on page 10. Do not tick the box if you choose to complete the return. **and Estate** 2) If you're the personal representative of a deceased person and completing this tax return for a
- **Tax Return** period of administration and all the points below apply:
- **Guide** • all the income arose in the UK • you do not want to claim relief (Questions 10A and 10B) • no annual payments have been made out of capital (Question 11) • all income has had tax deducted before you received it • there are no accrued income profits or losses, no income from deeply discounted securities, gilt strips, company share buy-backs, offshore income gains, or gains on life insurance policies, life annuities or capital redemption policies where no tax is treated as having been paid on the gain
- • no capital payments or benefits have been received from a non-resident, dual resident or immigrating trust
- then, if you've made no chargeable disposals, go straight to Question 17 on page 10. If you've made chargeable disposals, answer Questions 5 and 6 at Step 2 and then Questions 17 to 22.
- 3) If you're the trustee of an interest in possession trust (one which is exclusively an interest in possession trust), and: • no income arose to the trust, or • all trust income is received directly by the beneficiary(ies), or • all the income arose in the UK and has had tax deducted before you received it, or • part of the income is received directly by the beneficiary(ies) and the part that is not received directly by the beneficiary(ies) comprises only income arising in the UK which has had tax deducted before you receive it
- and all of the following points apply – the answer will be 'No' in box 8.13 of Question 8 – there are no accrued income profits or losses, no income from deeply discounted securities, gilt strips, company share buy-backs, offshore income gains, or gains on life insurance policies, life annuities or capital redemption policies
- – you do not wish to claim reliefs (Questions 10A and 10B)
- – no annual payments have been made out of capital (Question 11)
- – no further capital has been added to the settlement (Question 12)
- – no capital payments have been made to, or for the benefit of, relevant children of the settlor during their lifetime (Question 15)
- – the trust has never been non-resident and has never received any capital from another trust which is, or at any time has been, non-resident (Question 16)
then, if you've made no chargeable disposals, go straight to Question 17 on page 10. If you've made chargeable disposals, answer Questions 5 and 6 at Step 2 and then Questions 17 to 22.
- 4) If you're the trustee of a charitable trust you must complete the charity supplementary pages as well as this form: • if you're claiming exemption from tax on all your income and gains, you can go straight to Question 7. You should answer Questions 10 and 11, if appropriate, and complete Questions 19, 20, and 22
- if you're claiming exemption from tax on only part of your income and gains, you must answer Questions 1 to 9 for any income for which you're not claiming exemption - you should answer Questions 10 and 11, if appropriate, and complete Questions 19, 20 and 22.
- 5) In any other case, including if you're the trustee of an unauthorised unit trust, you should go to Step 2.
## **Step 2**
Answer Questions 1 to 7 and 23 to check if you need supplementary pages to give details of particular income or gains. The notes in the Trust and Estate Tax Return Guide will help. When you've answered Questions 1 to 7 and Question 23, answer Question 8.
Go to www.gov.uk/taxreturnforms to download any supplementary pages that you need. Make sure you download the supplementary pages for the Trust and Estate Tax Return.
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## **INCOME AND CAPITAL GAINS**
## **for the year ended 5 April 2024**
- **Make sure you have the supplementary pages you**
- **Q1** Did the trust or estate make any profit or loss from a sole trade? **need, tick the box below when you have got them** Read the note for this box in the Trust and Estate Tax Return Guide if you are the personal representative of a deceased Name at Lloyd's. **Yes Trust and estate trade**
- **Q2** Did the trust or estate make any profit or loss or have **Yes Trust and estate partnership**
- any other income from a partnership?
- **Q3** Did the trust or estate receive any UK property income? **Yes Trust and estate UK property**
- **Q4** Did the trust or estate receive any income from foreign companies or savings institutions, offshore funds or trusts abroad, land and property abroad, or make gains on foreign life insurance policies? **Yes** Is the trust or estate claiming relief for foreign tax paid on foreign income or gains, or relief from UK tax under a Double Taxation Agreement? **Yes Trust and estate foreign**
- **Q5** Capital Gains Tax Did the trust or estate dispose of chargeable assets? Answer 'Yes' if the trust or estate disposed of chargeable assets and details of the gains or losses made are required in this return. Read the note for this box in the guide. **Yes** Answer 'Yes' if you want to make a claim or election **Yes Trust and estate capital gains**
- for the year
- **Q6** Is the trust claiming to be not resident in the UK, or dual resident in the UK and another country for all or part of the year? **Yes Trust and estate non-residence**
- **Q7** Is the trust claiming total or partial exemption from tax because of its charitable status? **Yes** **Trust and estate charities**
- **Q23** Pensions – in the case of an estate, are there any tax charges and/or taxable lump sums? Read the note for this box in the guide. **Yes Estate pension charges etc**
- **Q8** Read the notes for this question in the guide. Answer all the questions. No Yes
- Are you completing this tax return: – **8.1** **8.2** for a period of administration
- – as the trustee of an unauthorised unit trust **8.3** **8.4** – as the trustee of an employment related trust **8.5** **8.6** – as the trustee of a Heritage Maintenance Fund **8.7** **8.8** – as the trustee of an Employer Financed Retirement Benefit Scheme (EFRBS)? If this happened during the return year enter the date the EFRBS first became operative in box 21.9 **8.9** **8.10**
- If you're a trustee: – can any settlor (or living settlor's spouse or civil partner) benefit from **8.11** **8.12**
- the capital or income?
- – are you a participator in an underlying non-resident company (a company that would be a close company if it were resident in the UK)? **8.13** **8.14**
- – is the trust liable to Income Tax at the special trust rates (the trust rate of 45% or the dividend trust rate of 39.35%) on any part of the income or would it be on any income above the standard rate band (for example, you have discretion about **8.15** **8.16**
- paying income to beneficiaries)?
- – **8.17** **8.18**
- has a valid vulnerable beneficiary election been made?
## **Step 3**
## **Now fill in any supplementary pages before answering Questions 9 to 22, as directed.**
Please use blue or black ink to fill in the Trust and Estate Tax Return. Please do not include pence. Round down income and gains. Round up tax credits and tax deductions. Round to the nearest pound.
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## **INCOME for the year ended 5 April 2024**
**Q9 Did the trust or estate receive any other income not already** If Yes, fill in boxes 9.1 to **Yes included on the supplementary pages?** 9.26 as appropriate.
If you wish, you may in the following circumstances leave blank some of boxes 9.1 to 9.26:
- a) if you're the trustee of an interest in possession trust (one which is exclusively an interest in possession trust), you may exclude income which has had tax deducted before you received it unless
- (i) that income has not been received directly by the beneficiary and there are accrued income scheme losses to set against the interest or you're claiming losses against general income, or
- (ii) its exclusion would make you liable to make a payment on account which would not be due if you included it – see page 15 of the Trust and Estate Tax Calculation Guide concerning payments on account before following this guidance
- b) if you're the personal representative of a deceased person, you may exclude income which has had tax deducted before you received it unless there are accrued income scheme losses to set against the interest. If the reliefs claimed at Question 10A on page 6 exceed untaxed income, you will need to include estate income that has had tax deducted to make sure a repayment can be calculated
**----- Start of picture text -----**
Have you received any taxed income which you are not including in this
Trust and Estate Tax Return because (a) or (b) above apply? Yes
Interest and alternative finance receipts
Taxable amount
• Untaxed UK interest and alternative finance receipts – read the notes in the guide 9.1 £
• Taxed UK interest and alternative finance receipts
–
read the notes in the guide
(do not include Property Amount after tax taken off Tax taken off Gross amount before tax
Income Distributions) 9.2 £ 9.3 £ 9.4 £
• National Savings & Investments (other than First Option Bonds, Guaranteed Growth Bonds Taxable amount
and Guaranteed Income Bonds) 9.5 £
• National Savings & Investments, First
Option Bonds, Guaranteed Growth Taxable amount
Bonds and Guaranteed Income Bonds 9.6 £
• Other income from UK
savings and investments Amount after tax taken off Tax taken off Gross amount before tax
(except dividends) 9.7 £ 9.8 £ 9.9 £
**----- End of picture text -----**
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## **INCOME for the year ended 5 April 2024**
## **Dividends**
- Dividends from UK companies (but excluding Property Income Distributions from UK Real Estate Investment Trusts or Property Authorised Investment Funds)
**----- Start of picture text -----**
from UK Real Estate Investment Trusts or Total dividend
Property Authorised Investment Funds) 9.10 £
• Dividend distributions from UK
Total dividend/distribution
authorised unit trusts and open-ended
investment companies 9.11 £
Total dividend
• Stock dividends from UK companies 9.12 £
Taxable amount
• Bonus issues of securities and redeemable
shares and loans written off 9.13 £
Gains on UK life insurance policies, life annuities and capital redemption policies
Amount of gain
• on which no tax is treated as paid 9.14 £
Tax treatTax tr e ated as paidd as paid Amount of gain
• on which tax is treated as paid 9.15 £ 9.16 £
Other income
• Other income (including Property
Amount after tax taken off Tax taken off Gross amount before tax
Income Distributions from UK Real
Estate Investment Trusts or Property 9.17 £ 9.18 £ 9.19 £
Authorised Investment Funds) Losses brought forward Losses used in 2023–24
9.20 £ 9.21 £
2023–24 losses carried forward
9.22 £
Deemed income – read the notes in the guide
Taxable amount
• Accrued Income Scheme profits and deeply discounted securities 9.23 £
Taxable amount
• Other deemed income etc 9.24 £
Taxable amount
• Company purchase of its own shares box 9.25 not in use 9.26 £
Q9A Standard rate band
• Amount of standard rate band – read the notes in the guide 9A.1 £ 1,000.00
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## **OTHER INFORMATION for the year ended 5 April 2024**
|Amount of payment
**Do you want to claim any reliefs or have you made**
**any annual payments, or patent royalty payments?**
If Yes, fill in boxes 10.1A to
10.7A and/or 10.1B to 10.1C as
appropriate. If not applicable,
go to question 11.
**Q10A**
**Yes**
**Were any annual payments made out of capital or out of**
**income not brought into charge to Income Tax?**
If Yes, fill in boxes 11.1 to 11.3
as appropriate. If not applicable,
go to question 12.
**Q11**
**Yes**
**If you're a personal representative, go to Question 17. Do not fill in Questions 12 to 16.**
**10.1A**
Personal representatives: interest on loans and payments made under alternative
finance arrangements to pay Inheritance Tax
£
•
Trustees: patent royalties
£
•
Gross amount
£
Tax taken off
**10.6A**
**10.7A**
£
Amount of payment
**10.5A**
Annual payments
£
•
Gross amount
£
Tax taken off
**11.2**
**11.3**
£
Amount of payment
**11.1**
**Do you want to claim special Income Tax treatment where a valid**
**vulnerable beneficiary election has effect?**
If Yes, fill in box 10.1B. If not
applicable, go to question 11.
**Q10B**
**Yes**
**10.1B**
Amount of relief claimed
£
•
**Employee Benefit Trusts – do you want to claim relief for**
**discretionary employment income payments?**
**Q10C**
•
Amount of relief claimed
**10.1C** £
If Yes, fill in box 10.1C. If not
applicable, go to question 11.
**Yes**
– read the notes in the guide
Trustees: annual payments
£
•
Gross amount
£
Tax taken off
**10.3A**
**10.4A**
£
Amount of payment
**10.2A**|Amount of payment
**Do you want to claim any reliefs or have you made**
**any annual payments, or patent royalty payments?**
If Yes, fill in boxes 10.1A to
10.7A and/or 10.1B to 10.1C as
appropriate. If not applicable,
go to question 11.
**Q10A**
**Yes**
**Were any annual payments made out of capital or out of**
**income not brought into charge to Income Tax?**
If Yes, fill in boxes 11.1 to 11.3
as appropriate. If not applicable,
go to question 12.
**Q11**
**Yes**
**If you're a personal representative, go to Question 17. Do not fill in Questions 12 to 16.**
**10.1A**
Personal representatives: interest on loans and payments made under alternative
finance arrangements to pay Inheritance Tax
£
•
Trustees: patent royalties
£
•
Gross amount
£
Tax taken off
**10.6A**
**10.7A**
£
Amount of payment
**10.5A**
Annual payments
£
•
Gross amount
£
Tax taken off
**11.2**
**11.3**
£
Amount of payment
**11.1**
**Do you want to claim special Income Tax treatment where a valid**
**vulnerable beneficiary election has effect?**
If Yes, fill in box 10.1B. If not
applicable, go to question 11.
**Q10B**
**Yes**
**10.1B**
Amount of relief claimed
£
•
**Employee Benefit Trusts – do you want to claim relief for**
**discretionary employment income payments?**
**Q10C**
•
Amount of relief claimed
**10.1C** £
If Yes, fill in box 10.1C. If not
applicable, go to question 11.
**Yes**
– read the notes in the guide
Trustees: annual payments
£
•
Gross amount
£
Tax taken off
**10.3A**
**10.4A**
£
Amount of payment
**10.2A**|
|---|---|
|||
|**Have any assets or funds been put into the trust in year 2023–24**?
If Yes, fill in boxes 12.1 to 12.9
as appropriate. If not applicable,
go to question 13.
**Q12**
**Yes**
**12.1**
Postcode
**12.2**
£
**12.3**
Settlor's name and address
Description of asset
Value of asset
**12.4**
Postcode
**12.5**
Settlor's name and address
Description of asset
Value of asset||
|**Have any assets or funds been put into the trust in year 2023–24**?
**Q12**
**Yes**||
|||
|**12.1**
**12.4**||
**12.6** £
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## **OTHER INFORMATION for the year ended 5 April 2024**
**----- Start of picture text -----**
Q12 Continued
Settlor's name and address Description of asset
12.7 12.8
Postcode
Value of asset
12.9 £
**----- End of picture text -----**
If you ticked box 8.15 in Question 8, on page 3, do not complete this page – please go to Question 16 on page 9 and carry on filling in the tax return.
If you have ticked box 8.16 in Question 8, on page 3, complete Questions 13 to 15A. Otherwise, go to Question 16.
- **Q13 Is any part of the trust income not liable to tax at** If yes, fill in boxes 13.7 to 13.21 **the special trust rates? Yes** below. Otherwise, fill in boxes 13.19 to 13.21 only.
- **Boxes 13.1 to 13.6, 13.9, 13.10, 13.15 and 13.16 are not being used Income to beneficiaries whose entitlement is not subject to the trustees' (or any other person's) discretion**
- • Amount of income chargeable at the dividend ordinary rate **13.7** £ • Trust management expenses applicable to the income in box 13.7 **13.8** £ • Amount of income chargeable at the basic rate **13.11** £ • Trust management expenses applicable to the income in box 13.11 **13.12** £ **Income allocated to specific purposes**
- • Amount of income chargeable at the dividend ordinary rate **13.13** £ • Trust management expenses applicable to the income in box 13.13 **13.14** £ • Amount of income chargeable at the basic rate **13.17** £ • Trust management expenses applicable to the income in box 13.17 **13.18** £ **Trust management expenses**
- • Total amount of deductible trust management expenses – read the notes in the guide **13.19** £ **Total of column above**
- • Expenses set against income not liable at the special trust rates **13.20** £ • Total income not liable to UK Income Tax and not included elsewhere on this Trust and Estate Tax Return (non-resident trusts only) **13.21** £
- **Q13A Is this a settlor-interested trust where part of the** If Yes, complete box 13A.1. If not **Yes**
- **income is not settlor-interested?** applicable, go to question 14. Complete box 13A.1 only if you have ticked both boxes 8.12 and 8.16 and part of the trust income, which is liable at the special trust rates, is not settlor-interested. • Amount of tax pool applicable to income that is not settlor-interested – read the notes in the guide **13A.1** £
```
Client Ref:T/L101
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Client: The Lady Joseph Charitable Trust (Tax Reference:1314867647)
```
## **OTHER INFORMATION for the year ended 5 April 2024**
If you ticked box 8.15 in Question 8, on page 3, do not complete this page – please go to Question 16 on page 9 and carry on filling in the tax return.
If you have ticked box 8.16 in Question 8, on page 3, complete Questions 13 to 15A. Otherwise, go to Question 16.
**Q14 Have discretionary payments of income been made to beneficiaries? Trustees of Heritage Maintenance Funds: do not complete these boxes for expenditure on heritage property.** Read the notes on this section in the guide before filling in these boxes.
|**Q14**|**Have discretionary payments of income been made**
**to beneficiaries? Trustees of Heritage Maintenance Funds: do not**
**complete these boxes for expenditure on heritage property.**|**Have discretionary payments of income been made**
**to beneficiaries? Trustees of Heritage Maintenance Funds: do not**
**complete these boxes for expenditure on heritage property.**|**Yes**||If Yes, fill in boxes 14.1 to 14.15 as
appropriate. Otherwise, fill in box
14.15 only.|If Yes, fill in boxes 14.1 to 14.15 as
appropriate. Otherwise, fill in box
14.15 only.||
|---|---|---|---|---|---|---|---|
||Read the notes on this section in the guide before filling in these boxes.|||||||
||Name of beneficiary||Net payment|||||
||||||Tick the box if the|||
||**14.1**|**14.2**|£||beneficiary was a|||
||||||relevant child of the|||
||**14.3**|**14.4**|£||settlor and the settlor
was alive when|||
||**14.5**|**14.6**|£||payment was made.|||
||**14.7**|**14.8**|£|||||
|||||||||
||**14.9**|**14.10**|£|||||
|||||||||
||**14.11**|**14.12**|£|||||
|||||||||
|**14.13**||**14.14**|£|||||
|||||||||
||Amount, if any, of unused tax pool brought forward from last year (enter '0' if appropriate)
•||||**14.15**
£|||
|**Q15**|**Have the trustees made any capital payments to, or for**|||||||
||**the benefit of, relevant children of the settlor**
**during the settlor's lifetime?**||**Yes**||If Yes, fill in box 15.1. If not
applicable, go to question 15A.|||
||||||Amount paid|||
||Total capital payments to relevant children
•||||**15.1** £|||
|**Q15A**|**Were there capital transactions between the trustees and**
**the settlors?**||**Yes**||If Yes, fill in boxes 15A.1 to
15A.12 as appropriate. If not
applicable, go to question 16.|||
**Capital transactions between the trustees and settlors** – read the notes on this section in the guide
and enter the name(s) of the settlor(s) in the 'Additional information' box, box 21.9
**----- Start of picture text -----**
Date Amount Name of company (if appropriate)
15A.1 / / 15A.2 £ 15A.3
Registered office
15A.4
Postcode
Date Amount Name of company (if appropriate)
15A.5 / / 15A.6 £ 15A.7
Registered office
15A.8
Postcode
Date Amount Name of company (if appropriate)
15A.9 / / 15A.10 £ 15A.11
Registered office
15A.12
Postcode
**----- End of picture text -----**
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Client Ref:T/L101
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Client: The Lady Joseph Charitable Trust (Tax Reference:1314867647)
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## **OTHER INFORMATION for the year ended 5 April 2024**
**Q16 Has the trust at any time been non-resident or received any capital from another trust which is, or at any time has been, non-resident? Yes** If Yes, read the notes on thissection in the Trust and Estate Tax **If Yes, have the trustees made any capital payments to, or provided** Return Guide and, if appropriate, fill in box 16.1. If not applicable, **any benefits for, the beneficiaries? Yes** go to question 17. • Total capital payments or value of benefits provided **16.1** £
- Total capital payments or value of benefits provided
Please give details of the payments in box 16.1 in the boxes below. If there are insufficient boxes please provide the additional details on a separate sheet.
||Name of beneficiary|Name of beneficiary|Name of beneficiary|Name of beneficiary|Name of beneficiary|
|---|---|---|---|---|---|
|**16.2**|||**16.3**|||
||Address of beneficiary|||Address of beneficiary||
|**16.4**|||**16.5**|||
|||||||
|||||||
||Postcode|||Postcode||
||**16.6**
£
Amount/value of payment/benefit
Name of beneficiary|||Amount/value of payment/benefit||
|||£||**16.7**|£|
|||||Name of beneficiary||
|**16.8**|||**16.9**|||
||Address of beneficiary|||Address of beneficiary||
|**16.10**|||**16.11**|||
|||||||
|||||||
||Postcode|||Postcode||
||**16.12** £
Amount/value of payment/benefit
Name of beneficiary|||Amount/value of payment/benefit||
|||£||**16.13**|£|
|||||Name of beneficiary||
|**16.14**|||**16.15**|||
|Address of beneficiary
Address of beneficiary||||||
|**16.16**|||**16.17**|||
|||||||
|||||||
||Postcode|||Postcode||
|**16.18** £
Amount/value of payment/benefit
**16.19** £
Amount/value of payment/benefit
**16.22**
Postcode
Address of trustee
**16.20**
Name of trust
**16.23** £
Amount of value received
/
**16.21**
Date trust set up
If you've received capital from any other trust which is, or at any time has been, non-resident please provide the following details.
/||||Amount/value of payment/benefit||
|||£||**16.19**|£|
|**16.22**||||||
|||||||
|||||||
||Postcode|||||
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Client: The Lady Joseph Charitable Trust (Tax Reference:1314867647)
```
## **OTHER INFORMATION for the year ended 5 April 2024**
|**Q17**|**Do you want to calculate the tax?**|**Do you want to calculate the tax?**|||**Yes**|||If yes, do it now and then fill in
boxes 17.1 to 17.10 below.|If yes, do it now and then fill in
boxes 17.1 to 17.10 below.|If yes, do it now and then fill in
boxes 17.1 to 17.10 below.||
|---|---|---|---|---|---|---|---|---|---|---|---|
||To get the Trust and Estate Tax Calculation Guide, go to www.gov.uk/taxreturnforms|||||||||||
||•|Total tax due for 2023-24 before you made any payments on account
(put the amount in brackets if an overpayment)||||||**17.1**
£|**`0.00`**|||
|||||||||||||
||•|Tax due for earlier years||||||**17.2**
£||||
||•|Tick box 17.3 if you've calculated tax overpaid for earlier years and||||||||||
|||enter the amount in box 17.4|**17.3**|||||**17.4** £||||
||•|Tick box 17.5 if you're making a claim to reduce your payments on|||Tick box|||17.6 if you do||||
|||account. Enter your reduced payment in box 17.7 and say why in
the 'Additional information' box, box 21.9|**17.5**||not need to make
payments on account||||**17.6**|||
||•|Your first payment on account for 2024–25 (include the pence)||||||**17.7**
£|**`0.00`**|||
||•|Tick box 17.8 if you're claiming a repayment of 2024–25 tax now||||||||||
|||and enter the amount in box 17.9|**17.8**|||||**17.9**
£||||
||•|Pension charges due
– enter the amount from box 27 of the Working Sheet in
on Estate Pension Charges etc|the Notes|||||**17.10**
£||||
|**Q18**|(If you do not tick 'Yes', or the tax overpaid is below £10, we'll use the
**If the trust or estate has paid too much tax do you want to**
**claim a repayment?**||||**Yes**|||If Yes, fill in boxes 18.1 to 18.12
as appropriate. If not applicable,
go to question 19.||||
|||amount you're owed to reduce the next tax bill.)||||||||||
If the tax has been paid by credit or debit card, we will always try to repay back to the card first before making any repayment as requested below.
Should the repayment (or payment) be sent:
- to your bank or building society account? Tick box 18.1 and fill in boxes 18.3 to 18.7 **18.1**
- **or**
- • to your nominee's bank or building society account? Tick box 18.2 and fill in boxes 18.3 to 18.7 and boxes 18.9A **18.2**
- to your nominee's bank or building society account? Tick box 18.2 and fill in boxes 18.3 to 18.7 and boxes 18.9A to 18.12 as required
- If you do not have a bank or building society account, read the notes for this question in the guide, tick box 18.8A **18.8A**
- If you would like a cheque to be sent to your nominee, tick box 18.8B and fill in boxes 18.9A to 18.12 as required **18.8B**
- If your nominee is your adviser, tick box 18.9A **18.9A**
Name of bank or building society
## **18.3**
Adviser's reference for you (if your nominee is your adviser)
## **18.9B**
I authorise
Name of account holder
**18.4**
Name of your nominee or adviser
## **18.10**
Address of nominee or adviser
Branch sort code **18.5** Account number **18.6** Building society reference **18.7**
**18.11**
Postcode
to receive on my behalf the amount due
**This authority must be signed by you. A photocopy of your 18.12 signature will not do.**
**----- Start of picture text -----**
Signature
**----- End of picture text -----**
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Client: The Lady Joseph Charitable Trust (Tax Reference:1314867647)
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## **OTHER INFORMATION for the year ended 5 April 2024**
- **Q19 Please provide a daytime phone number in case we need to contact you with any questions about the information you have provided in this return or in the Trust Register** For more information about the Trust Register, go to www.gov.uk/trusts-taxes/registering-a-trust
- Your daytime phone number (including the area code) **19.1** **`020 8741 4202`**
- **Q20 You have a responsibility to ensure the information you have supplied on the Trust Register is accurate and up to date to the best of your knowledge and belief.**
- **Tick this box if there have been any changes or additions to the people associated with the trust, and you've provided the updated details on the Trust Register 20.1**
- **or you've confirmed on the Trust Register that there have been no changes to the trust.**
These people include trustees, personal representatives, beneficiaries, members of the class of beneficiaries, settlors, protectors, agents or any other natural person exercising effective control over the trust.
> **Q21 Other information**
- Date
- • If you're completing this Trust and Estate Tax Return as a personal representative, please enter in box 21.1 the date of death of the deceased. **21.1** / / Date
- • If the administration period ceased in the year to 5 April 2024, please enter in box 21.2 the date of cessation. **21.2** / /
- • If the administration period ceased in the year to 5 April 2024 and there is a trust created by the deceased's **21.3**
- will or the rules of intestacy that apply in England & Wales, please tick box 21.3. Read the notes in the guide.
- • If you are a trustee and the trust was terminated in the year to 5 April 2024 please enter in Date box 21.4 the date of termination and, in the 'Additional information' box, box 21.9, the reason for termination. **21.4** / /
- • If this Trust and Estate Tax Return contains any figures that are provisional because you do not yet have final figures, please tick box 21.5. Read the notes for this question in the guide. **21.5**
- • If any 2023–24 tax was refunded directly by the HM Revenue and Customs office, or (personal representatives only) by the Jobcentre Plus (in Northern Ireland, the Social Security Agency), please enter the amount in box 21.6. Do not include any refunds of excessive payments on **Amount** account or any Gift Aid repayments claimed from HMRC Charities. **21.6.6 £**
- **Disclosure of tax avoidance schemes**
Read the notes about boxes 21.7 and 21.8 in the Trust and Estate Tax Return Guide.
Tax year in which the expected Scheme reference number or promoter reference number advantage arises – year ended 5 April **21.7 21.8**
Please do not include any changes of circumstances (for example, name and address) relating to the lead trustee, other trustees, settlors, beneficiaries, class of beneficiaries, protectors, agents or any other natural person exercising effective control over the trust in box 21.9.
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Client: The Lady Joseph Charitable Trust (Tax Reference:1314867647)
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**OTHER INFORMATION** for the year ended 5 April 2024
**21.9 Additional information**
## **Q22 Declaration**
I have filled in and am sending back to you the following Trust and Estate Tax Return pages: **1 to 12 of this form** **Trust and estate UK property Trust and estate non-residence Trust and estate trade Trust and estate foreign Trust and estate charities** **Trust and estate partnership Trust and estate capital gains Estate pension charges etc Before you send the completed tax return back you must sign the statement below. If you give false information or conceal any part of trust or estate income or chargeable gains, you may be liable to financial penalties and/or you may be prosecuted. 22.1 The information I have given in this tax return is correct and complete to the best of my knowledge and belief.** Signature Date • Please print your name in box 22.2 • Enter the capacity in which you're signing in box 22.3 **22.2** **`Mrs Henrietta Jane Cheetham` 22.3** **`Trustee`**
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**Trust and Estate Charities** for the year ended 5 April 2024 (2023-24)
**Trust and Estate Charities** he for the year ended 5 April 2024 (2023-24) Name of trust **`The Lady Joseph Charitable Trust`** Name of charity, if different **`The Lady Joseph Charitable Trust`** Tax reference **`1314867647`** ~~ee~~ If you want help, look up the box numbers in the notes on Trust and Estate Charities. For help filling in this form, go to www.gov.uk/taxreturnforms and read the notes and helpsheets. ~~mm~~ **Claim to exemption** • Charity repayment reference **7.1** **`XT28478`** me • Charity Commission Registration Number or Scottish Charity Number me **7.2** **`1131401`** If the trust is a charity are you claiming exemption from tax on all or part of your income and gains? **Yes** | Have all income and gains that you're claiming to be exempt from tax been, or are they to be, applied for charitable purposes? **Yes** _ **Return period** Are you returning information for the year ended 5 April 2024? **Yes** | If not, what period does this return cover? • Period begins **7. 3** / / and ends **7.4** / / | _— Are you enclosing accounts with the return? **Yes** • If 'No', explain why **7.5** —_— | **Repayments** Income Tax • Amount already claimed from HMRC Charities **7.6** £ • Total repayment/payment due **7.8** £ Boxes 7.7, 7.9, and = CU 7.11 and 7.13 • further repayment/payment due **7.10** £ are not in use or | || • amounts overclaimed **7.12** £ = CU Have you included the amount in box 7.10 in any repayment claim from HMRC Charities? **Yes** | **Income on which you're claiming exemption** mm You should enter non-exempt amounts in the appropriate parts of the tax return. • Total turnover from exempt trading activities **7.14** £ **`94,781.00`** |_— • Investment income **7.15** £ _— • UK land and buildings income **7.16** £ |_— • Gift Aid **7.17** £ **`3,309.00`** _— • Other charities **7.18** £ | • Legacies **7.19** £ | • Gifts of shares or securities received **7.20** £ | • Gifts of real property received **7.20A** £ | **`6PPKAETVQKYSBOK7XOJNM32WFDJW65FW`** • Other sources a **7.21**[£]
## **Income on which you're claiming exemption** mm
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Client: The Lady Joseph Charitable Trust (Tax Reference:1314867647)
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## **Expenses as included in the charity accounts**
• Trading costs • UK land and buildings • All general administration costs • All grants and donations made in the UK • All grants and donations made outside the UK
• Others (not entered elsewhere on the return)
**----- Start of picture text -----**
7.22 £
7.23 £
7.24 £ 775.00
7.25 £
7.26 £
7.27 £ 24,770.00
**----- End of picture text -----**
## **Assets**
**----- Start of picture text -----**
Disposals in year Held at 5 April 2024
• Tangible fixed assets 7.28 £ 7.29 £
• UK investments (excluding controlled companies) 7.30 £ 7.31 £
• Shares in, and loans to, controlled companies 7.32 £ 7.33 £
• Overseas investments 7.34 £ 7.35 £
• Loans and non-trade debtors 7.36 £
• Other current assets 7.37 £
Were all investments qualifying (‘approved charitable’) investments, and were loans
made qualifying loans, within section 558 and section 561 ITA 2007? Yes
• Value of any non-qualifying (non ‘approved charitable’) investments and loans 7.38 £
• Number of subsidiary or associated companies the charity controlled at 5 April 2024 7.39 0
**----- End of picture text -----**
## **Claim**
**I claim exemption from tax**
**7.40**
Signature Date Print name in Status or capacity in which you are signing **`Mrs Henrietta Jane Cheetham`** full here **7.41** **`Trustee`**
**7.42** Additional information
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**The Lady Joseph Charitable Trust Year ended 5 April 2024**
**Private and Confidential**
## **Tax Return Schedules For 2023/24**
Client Name: The Lady Joseph Charitable Trust Client Code: T/L101 Tax Reference: 1314867647 Report Printed: 17/01/25
## **Computation Summary**
|**Total Income Less Outgoings**
**Net Amount Due**|**Income/Outgoings**
**Tax Paid**
**£**
**£**
**0.00**
**0.00**|
|---|---|
Prepared on 17/01/25 6PPKAETVQKYSBOK7XOJNM32WFDJW65FW
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**The Lady Joseph Charitable Trust Year ended 5 April 2024**
**Private and Confidential**
## **Client Payment Advice**
|**Payments Required**|**Payment Dates**||
|---|---|---|
||**£**|**£**|
|**Amounts Due To Be Paid Via Instalments**|**31/01/25**|**31/07/25**|
|Final Instalment For 2023/24|0.00||
|Interim Instalments For 2024/25|0.00|0.00|
|Less Payments Already Made|0.00|0.00|
|**Total Payable/(Refundable)**|**0.00**|**0.00**|
Prepared on 17/01/25 6PPKAETVQKYSBOK7XOJNM32WFDJW65FW
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**The Lady Joseph Charitable Trust Year ended 5 April 2024**
**Private and Confidential**
## **Next Year's Interim Payments**
|Tax due after notional taxes paid
**Assessable Amount**
**Relevant Amount**|**£**
0.00|
|---|---|
||**0.00**|
||**0.00**|
_Payments on Account are not made, since the Relevant Amount is less than the limit of £1,000.00._
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**The Lady Joseph Charitable Trust Year ended 5 April 2024**
**Private and Confidential**
## **Charities**
Charity Name if Different to Name of Trust: The Lady Joseph Charitable Trust Charity Repayment Reference: XT28478 Charity Registration Number: 1131401 _Exemption is claimed on all or part of income and gains All income and gains is applied for charitable purposes Return is for the year ended 5 April 2024 Accounts are not enclosed with the return because_
## **Income on which exemption is claimed**
|**Income on which exemption is claimed**|||
|---|---|---|
|**Details**|||
|Total turnover from exempt trading activities||94,781.00|
|Gift Aid||3,309.00|
|**Expenses included in the charity accounts**|||
|**Details**|||
|All general administration costs||775.00|
|Others not entered elsewhere||24,770.00|
|Number of Subsidiary or Associated Companies:|0||
Prepared on 17/01/25 6PPKAETVQKYSBOK7XOJNM32WFDJW65FW
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## The Lady Joseph Charitable Trust - Accounts 2024
Final Audit Report
## 2025-01-21
Created: 2025-01-20 By: Monika Bninski (monika@michaelideswarner.co.uk) Status: Signed Transaction ID: CBJCHBCAABAARDmyvyfbxKNZ-nsjm7U1Mh4U5cBKWRli
## "The Lady Joseph Charitable Trust - Accounts 2024" History
- Document created by Monika Bninski (monika@michaelideswarner.co.uk)
2025-01-20 - 10:40:08 AM GMT
- Document emailed to henriettacheetham@gmail.com for signature
2025-01-20 - 10:43:01 AM GMT
- Email viewed by henriettacheetham@gmail.com
2025-01-21 - 4:18:36 PM GMT
- henriettacheetham@gmail.com entered valid password assigned by the sender. 2025-01-21 - 4:19:31 PM GMT
- Signer henriettacheetham@gmail.com entered name at signing as Henrietta Cheetham 2025-01-21 - 4:21:17 PM GMT
- Document e-signed by Henrietta Cheetham (henriettacheetham@gmail.com) Signature Date: 2025-01-21 - 4:21:19 PM GMT - Time Source: server
- Agreement completed.
2025-01-21 - 4:21:19 PM GMT