Nicholas Jones Charitable Trust Charity Registration No: 1134682 Trustees' report and unaudited accounts For the year ended 5 April 2024
Nicholas Jones Charitable Trust
Legal and administrative information
| Trustees | Mr Nicholas Jones |
|---|---|
| Mrs Cherry Jones | |
| Mr Oliver Jones | |
| Mrs Rowena Moss | |
| Charity Number | 1134682 |
| Principal address | The Manor |
| Coln St Dennis | |
| Cheltenham | |
| Gloucestershire | |
| GL54 3JU | |
| Independent examiner | Julie Mutton FCA |
| Evelyn Partners LLP | |
| Accountants | |
| Old Library Chambers | |
| 21 Chipper Lane | |
| Salisbury | |
| Wiltshire | |
| SP1 1BG | |
| Bankers | Barclays Bank Plc |
| Business Banking | |
| Leicester | |
| LE87 2BB | |
| Solicitors | Hunters Law LLP |
| 9 New Square | |
| Lincoln's Inn | |
| London | |
| WC2A 3QN |
Nicholas Jones Charitable Trust
Contents
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statemement offnancial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 - 10 |
Nicholas Jones Charitable Trust
Trustees' report for the year ended 5 April 2024
The trustees present their report and accounts for the year ended 5 April 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, applicable law and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (e ff ective 1 January 2019).
Objects and activities
The charity's objects are to apply the income and capital for the bene fi t of such exclusively charitable objects and purposes in any part of the world as the trustees at their discretion think fi t. The policies adopted are in furtherance of these objects and there has been no change in these during the year.
Public bene t
The trustees have considered the guidance provided by the Charity Commission with regard to meeting the public bene fi t objective. As all donations are made to registered charities, the trustees believe that the Nicholas Jones Charitable Trust is acting for the bene fi t of the public.
The trustees will continue to support the work of registered charities and organisations.
Investment policy
The trustees regularly review the performance of all the charity's assets and the investment criteria are regularly discussed by the trustees.
Achievements, performance and fi nancial review
Grants
The charity made 29 grants (2023: 29) during the year. These have been made in line with the charity's objects.
Results for the year
During the year, investment income of £36,558 (2023: £54,318) was received and grants of £42,520 (2023: £31,970) were paid out to various charitable institutions in furtherance of the objects of the charity.
Reserves policy
The trustees will maintain the reserves at a su ffi cient level to enable donations to be made within the scope of the income received each year, with any surplus or de fi cit being transferred to reserves.
Structure, governance and management
The charity is an unincorporated trust, constituted under a charitable trust deed dated 27 October 2009 by Mr Nicholas Jones and is a registered charity, number 1134682.
Trustees
The Trustees who served during the year were: Mr Nicholas Jones Mrs Cherry Jones Mr Oliver Jones Mrs Rowena Moss
The power of appointing new trustees is vested in Mr Nicholas Jones.
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Nicholas Jones Charitable Trust
Trustees' report for the year ended 5 April 2024
Structure
The day to day administration of the charity is carried out by Mr Nicholas Jones in conjunction with his fellow trustees.
The trustees have the power to invest in any securities, stocks, funds, property or in interests in property of whatsoever kind.
Risk factors
The trustees have reviewed the risks to the assets of the charity and they consider that adequate controls are in place.
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Nicholas Jones Charitable Trust
Trustees' report for the year ended 5 April 2024
Trustees' responsibilities
The trustees are responsible for preparing the trustees' report and the accounts in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each fi nancial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations). Under that law the trustees must not approve the accounts unless they are satis fi ed that they give a true and fair view of the state of a ff airs of the charity and of the incoming resources and application of resources of the charity for that period.
in preparing these accounts, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which are su ffi cient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the fi nancial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (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.
On behalf of the board of trustees
Nicholas Jones
................................................. Mr Nicholas Jones Trustee
Date: 05/06/2024
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Nicholas Jones Charitable Trust
Independent examiner's report to the trustees of the Nicholas Jones Charitable Trust for the year ended 5 April 2024
I report to the trustees on my examination of the accounts of the Nicholas Jones Charitable Trust for the year ended 5 April 2024, which comprise the Statement of fi nancial activites, the Balance sheet and the notes to the accounts, including a summary of signi fi cant accounting policies.
Respective responsibilities of trustees and examiner and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I con fi rm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of 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.
I 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.
Julie Mutton
.................................................
Julie Mutton FCA
Fellow of the Institute of Chartered Accountants in England & Wales
Evelyn Partners LLP Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG
Date: 05/06/2024
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Nicholas Jones Charitable Trust
Statement of fi nancial activities for the year ended 5 April 2024
| Notes Income Investment income 2 Expenditure Charitable activities - direct expenditure 3 Charitable activities - support costs 4 Total Net (expenditure)/income before losses on investments Losses on investments 7 Net expenditure and net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
2024 £ 36,558 42,520 2,772 45,292 (8,734) (79,409) (88,143) 1,266,096 1,177,953 |
2023 £ 54,318 31,970 2,732 34,702 19,616 (173,548) (153,932) 1,420,028 1,266,096 |
|---|---|---|
All income and expenditure derives from continuing activities.
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Nicholas Jones Charitable Trust
Balance sheet as at 5 April 2024
| 2024 Notes £ £ Fixed assets Investments 7 1,108,588 Current assets Cash at bank and in hand 72,137 Creditors: amounts falling due within one year 8 (2,772) Net current assets 69,365 Net assets 1,177,953 The funds of the charity: Unrestricted funds 1,177,953 Total charity funds 1,177,953 The accounts were approved by the board and authorised for issue by: ............................................ ......................... Mr Nicholas Jones Date Trustee Nicholas Jones 05/06/2024 |
£ 83,231 (5,132) |
2023 £ 1,187,997 78,099 |
|---|---|---|
| 1,266,096 | ||
| 1,266,096 | ||
| 1,266,096 | ||
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Nicholas Jones Charitable Trust
Notes to the accounts for the year ended 5 April 2024
1 Accounting policies
1.1 General information
The Nicholas Jones Charitable Trust is an unincorporated trust, constituted under a charitable trust deed on 27 October 2009. It is registered with the Charity Commission in England and Wales (No. 1134682). The address of the principal o ffi ce is The Manor, Coln St Dennis, Cheltenham, Gloucestershire, GL54 3JU.
1.2 Basis of preparation
The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") and with the Statement of Recommended Practice applicable to charities preparing their fi nancial statements in accordance with FRS 102 e ff ective 1 January 2019. The fi nancial statements are also prepared in accordance with the Charities Act 2011.
The trustees con fi rm that the charity is a public bene fi t entity as de fi ned by FRS 102.
The accounts are prepared on a going concern basis; there are no material uncertainties about the charity's ability to continue as a going concern.
1.3 Income
Investment income is credited to the Statement of fi nancial activities in the period in which it is receivable.
1.4 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered as it is reported as part of the expenditure to which it relates.
Grants payable are payments made to third parties in furtherance of the charitable objects of the Trust. The grants are accounted for when the trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant.
Support costs consist of costs not directly attributable to charitable activities or raising funds, but which are in respect of the general administration of the charity.
1.5 Investments
Fixed asset investments are stated at market value. The statement of fi nancial activities includes the net unrealised gains and losses arising on revaluations and realised gains and losses on disposals throughout the period.
1.6 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objects of the charity and which have not been designated for other purposes.
The charity has no restricted or endowment funds.
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Nicholas Jones Charitable Trust
Notes to the accounts for the year ended 5 April 2024
| 2 Investment Income Dividends 3 Charitable activities - direct expenditure Grants to institutions: Ronald McDonald House Charities (UK) Oxford Hospitals Charity Mindsong Gloucestershire Community Foundation Cheltenham and Gloucester Hospitals Charity The Royal National Theatre The Gloucestershire Society Hampshire Medical Fund Bob Champion Cancer Trust Spinal Injuries Association Cancer Research UK Breast Cancer Now Pancreatic Cancer UK The Royal Free Charity Wheelpower St John's Tisbury PCC Other Medical Welfare and poverty relief Arts Religious Education Animal Welfare |
2024 £ 36,558 36,558 2024 £ 11,000 10,000 5,000 3,500 2,000 1,500 1,000 1,000 1,000 1,000 - - - - - - 5,520 42,520 32,450 5,350 2,620 - 1,250 850 42,520 |
2023 £ 54,318 |
|---|---|---|
| 54,318 | ||
| 2023 £ 2,000 - - 3,300 - 1,500 2,500 1,000 - - 2,800 2,500 2,000 5,000 2,000 2,000 5,370 |
||
| 31,970 | ||
| 19,500 7,300 2,670 2,000 500 - |
||
| 31,970 |
All of the above grants were paid to UK registered charities.
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Nicholas Jones Charitable Trust
Notes to the accounts for the year ended 5 April 2024
4 Charitable activities - support costs
| Charitable activities - support costs | ||
|---|---|---|
| Governance costs Accountancy fees Independent examiner's fees |
2024 £ 1,907 865 2,772 |
2023 £ 1,907 825 |
| 2,732 |
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the current or prior year, and none of them were reimbursed any expenses.
6 Employees
There were no employees during the year (2023: none).
7 Fixed asset investments
| Fixed asset investments | ||
|---|---|---|
| 2024 | ||
| £ | ||
| Market value at 6 April 2023 | 1,187,997 | |
| Change in value | (79,409) | |
| Market value at 5 April 2024 | 1,108,588 | |
| Investments at market value comprised: | ||
| Equities | 1,108,588 | |
| 1,108,588 | ||
| Market value | ||
| Holding in ordinary shares | £ | |
| Big Yellow Group plc | 50,000 shares | 518,000 |
| Caledonia Investments plc | 10,000 shares | 326,000 |
| Schroders plc | 50,000 shares | 184,000 |
| Melrose Industries plc | 10,748 shares | 72,420 |
| Dowlais Group plc | 10,748 shares | 8,168 |
| 1,108,588 |
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Nicholas Jones Charitable Trust
Notes to the accounts for the year ended 5 April 2024
| 8 Creditors: amounts falling due within one year Accountancy fees Independent examiner's fees |
2024 £ 1,907 865 2,772 |
2023 £ 3,557 1,575 |
|---|---|---|
| 5,132 |
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