Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
Charity registration number 1137995
THE JAKE MEMORIAL CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr F M Wheatley Mrs L S W Wheatley Charity number 1137995 Principal address 212 Leeds Road Kippax Leeds West Yorkshire LS25 7EH Independent examiner TC Group 6 Queen Street Leeds West Yorkshire LS1 2TW
Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 4 |
| Statement of fnancial actvites | 5 |
| Balance sheet | 6 |
| Notes to the fnancial statements | 7 - 10 |
Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL 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 The Jake Memorial Charitable Trust's governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Structure, governance and management
The The Jake Memorial Charitable Trust was established by a charitable trust deed on 4 June 2010.
The Trustees who served during the year were: Mr F M Wheatley Mrs L S W Wheatley
The trustees who served during the year and since the year end are set out on legal and administrative information page. Trustees are appointed by the board of Trustees. There were no new Trustees appointed during the year.
New Trustees are given the appropriate induction to allow them to perform their duties effectively. The Trustees meet on a regular basis to discuss donations to be made to institutions and individuals. During the year the Trustees read relevant Charity Publications in order to keep up to date on any Charities Act changes and gain a wider understanding of Charity Law.
A board of Trustees of up to two members administer the charity.
The Trustees has assessed the major risks to which the The Jake Memorial Charitable Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The Jake Memorial Charitable Trust's objects are the prevention or relief of poverty (or financial hardship) anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all necessary support designed to enable individuals to generate a sustainable income and be self sufficient. The prevention or relief of poverty anywhere in the world by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
Achievements and performance
Donations have been made to various institutions and individuals during the year in line with the charities objectives.
Financial review
At the Balance Sheet date the Charity had sufficient cash reserves. The result for the year and the Balance Sheet as at 5 April 2024 represents a satisfactory position.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
On behalf of the board of Trustees
Mr F M Wheatley Trustee Dated: 29 August 2024
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 5 APRIL 2024
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the The Jake Memorial Charitable Trust and of the incoming resources and application of resources of the The Jake Memorial Charitable Trust for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the The Jake Memorial Charitable Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the The Jake Memorial Charitable Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE JAKE MEMORIAL CHARITABLE TRUST
I report on the accounts of the The Jake Memorial Charitable Trust for the year ended 5 April 2024, which are set out on pages 5 to 10.
Respective responsibilities of Trustees and examiner
The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider 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 my responsibility to:
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(i) examine the accounts under section 145 of the 2011 Act;
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(ii) 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
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(iii) 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 trustees 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 statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(a) which gives me reasonable cause to believe that in any material respect the requirements:
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(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
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(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
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have not been met or
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(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
oo by:
................................ 76EEE79DD5B64B3... Mark Hunter, FCA Senior Partner On Behalf of TC Group
6 Queen Street Leeds West Yorkshire LS1 2TW
4/9/2024
Dated: .........................
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5 APRIL 2024
| Notes Incoming resources from generated funds Donatons and legacies 2 Other income 3 Total incoming resources Resources expended Grant Making 4 Governance costs Total resources expended Net income and movement in funds Reconciliaton of funds: Fund balances at 6 April 2023 Fund balances at 5 April 2024 |
2024 £ 77,138 294 77,432 59,570 1,980 61,550 15,882 74,093 89,975 |
2023 £ 76,555 33 |
|---|---|---|
| 76,588 64,020 |
||
| 1,920 | ||
| 65,940 | ||
| 10,648 63,445 |
||
| 74,093 |
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 8 | 30,000 | 30,000 | ||
| Cash at bank and in hand | 61,955 | 46,013 | |||
| 91,955 | 76,013 | ||||
| Creditors: amounts falling due within one | 9 | ||||
| year | (1,980) | (1,920) | |||
| Net current assets | 89,975 | 74,093 | |||
| Net assets excluding pension liability | 89,975 | 74,093 | |||
| The funds of the The Jake Memorial Charitable Trust | |||||
| Unrestricted funds | 89,975 | 74,093 | |||
| 89,975 | 74,093 |
The accounts were approved by the Trustees on 29 August 2024
Mr F M Wheatley
Trustee
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements have been prepared on a going concern basis. Having carried out a detailed review of the Charity's resources and the challenges presented by the current economic climate, the Trustees are confident that the Charity has sufficient cash flows to meet its liabilities as they fall due for atleast a year from the date of the approval of the financial statements.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.
1.2 Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Assets given for the use by the Charity are recognised as incoming resources when receivable.
1.3 Resources expended
All expenditure is accounted for on an accruals basis, and has been classified under the headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities , on a basis consistent with the use of resources.
1.4 Funds
The funds held by the Charity are unrestricted funds. These are funds that can be used in accordance with the charitable objects at the discretion of the Trustees.
2 Income from donations and legacies
| Donatons and gifs Other income |
2024 £ 75,900 1,238 77,138 |
2023 £ 75,000 1,555 |
|---|---|---|
| 76,555 |
Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
3 Other income
| Interest receivable Total resources expended Grant Funding £ Charitable actvites Grant Making Grant funding of actvites 59,570 Governance costs - 59,570 |
2024 £ 294 Other Costs Total 2024 £ £ - 59,570 1,980 1,980 1,980 61,550 |
2023 £ 33 |
|---|---|---|
| Total 2023 £ 64,020 1,920 |
||
| 65,940 |
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4 Total resources expended
-
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
(Continued)
5 Grants payable
| Grants to insttutons and individuals: Unicef Jessica Wity The Lullaby Trust Townville Neighbourhood Management CAP MSF UK Alzheimers Research Shelter Box Bowel Cancer Research Crisis Angela Coutain Other (see below) |
Total 2024 £ 10,000 2,300 2,200 2,000 2,000 2,000 2,000 2,000 2,000 1,000 - 32,070 59,570 59,570 |
Total 2023 £ 20,000 - - 3,000 3,000 - - - - 2,000 2,500 33,520 |
|---|---|---|
| 64,020 | ||
| 64,020 |
The other grants paid are all below £2,000 and are 38 in total (2023 - 36).
6 Trustees
None of the Trustees or any persons connected with them received any remuneration during the year.
7 Employees
There were no employees during the year.
| 8 | Debtors | ||
|---|---|---|---|
| 2024 | 2023 | ||
| Amounts falling due within one year: | £ | £ | |
| Income tax recoverable | 30,000 | 30,000 |
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Docusign Envelope ID: A2FC5AFA-0659-4824-8853-7969DCCC450F
THE JAKE MEMORIAL CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
9 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Accruals | 1,980 | 1,920 |
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