REGISTERED CHARITY NUMBER.. 1144779 MEGAN GWYNNLJONES CHARITABLE TRUST REPORT OF THE TRUSTESS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2024
MEGAN GWYNNE-JONES CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Page Report of Éh¢ TTUStees Independent Examiner'5 Report Sement of FinanciaE A]vItIeS Balan¢e Sheet Notes to the Financiai Statements 5t07 Deiailed Ststemenl of Financial Activities
MECAN GWYNNE-JONES CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ocfoBER 2024 The trustees present their report with the finan¢ia] statements of the charity for rh¢ year ended 3 Ioctober 2024. The trust¢¢s have adopted the provisions of the Statement of Recommended Praciice {SORP) "Accounting and Reporting by Charities" in a¢¢ordance with th¢ Financial Rewning Standard applicable in ihe UK and Republic of Ireland (FRS I O?) (effective l January ?015). OBJECTIVES AND ACTIVITIES Objectives and policies The charity provides grants to advance the education of the public. especiaily those living in North Wales and the North West ol. England through the promotion of the arts. The charity focuses on facilitating the purchase of works of art for public display and promoting the renovation, conservation and maintenance of.works of art for the public benefit. FINANCIAL REVIEW N¢t ¢xpenditure for the year. before gnSl{lo55¢$) on investmenrs, was £50654. Totsl unrestricted inwme funds carried forward as at 31 October 2024 were £919973 {202i'. £853027). FIINDING The Trust will eontinue to SUPPKTrrt projects in line with its objectives and policies. The trusi¢e5 are satisfied that the crust's assets ar¢ available and adequate to fijifil its obligations in relation io those funds. STRIICTIIRE. GOVERNANCE AND MANAGEMENT Governing document Th¢ charity is Controlled by lis governing documenL a dttd of trust, and consiirutes an unincorporated Charitv. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1144779 Principal address Aaron & Part ners LLP i-7 Grosvenor Court Foregaie Sireet Chester CHI IHG Trn$t¢es C T Pointon M A Jackson D C Highet appOind 08103r24 P A Walk¢r resied OI/Oi124 Indep¢ndtnt examiner MilneThomas& Co Chartered Accountants ?7 Seller Street Chester Cheshir¢ CHI 3NA Approved by order of the IK)ard of irustees on ................................................ and signed on its behalf by.. C T Pointon- Trustee ackson- Trustee D C Highet- Trusiee Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MEGAN GWYNNE-JONES CHARITABLE TRIIST Independent examiner's report to the trustees of the Megan Gwynne-Jones Charitsble Trust I report to th¢ charity trustecs on my examinaiion of the a¢¢ounts of the Megan Gwynne-jones Charitable Trust (the Trust) for the year ended 31 October 2024. Responsibilities and basis of report As th¢ charity trustees of the Trust you are responsible for the preparatioft of the accounts in accordance with the requirements of ihe Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's a¢counts carried out under section 145 of the Act and in carrying out ny examination I have followed all applicable Dir¢¢iion gyven by the Charity Commission under section 145(5llb} of the ACL Independent examiner's statement I have completed my examination. I confinn that no material matters have come lo my attention in connection with the examination giving me cause to believe that in any material respect: Accouniing records were not kept in respect of the Trust a5 required by section 130 of rhe ACL or The accounts do not aecord with those records. or The accounts do noi comply with the applicable requircments con¢¢rning the forni and conteni of accounts s¢t out in the Charities (Accounts and Reports) Regulations 2008 oiher than any requirement that the acvn(S give a true and fair view which is not a rnatter considered a pan of an independent examination. I have no concerns and have come across no other matters in connection wilh the examination ¢0 which attention should be drawn in this report in order lo enable a proper understsnding of the accouftts to be reached. Steven Thomas Milne Thomas & Co. Chartered Accountants ?7 S¢ller Street Chester CHI 3NA Date: .. Page 2
MEGAN GWYNNE-JONFS CHARITABLE TRUST STA TEMENT OF FINANCIAL AcfivITIES FOR THE YEAR ENDED 31 ocfoBER 2024 2024 Total Funds 20? j Total Funds Note5 INCOME AND ENDOWMENTS FROM Investment income 26384 23114 Other income 250 Total 26634 ?3114 EXPEf4DITURE ON Charitablt activities Gr8nts to institutions 59554 9386 Other 17734 15753 Total 77288 Net gainsl(losses} on inveslments 117600 350) NET INCOMEI{EXPENDJTURE} 66946 ( 237)) RECONCILIATION OF FUNDS Total funds brought fonvard 853027 855402 TOTAL FUNDS CARRIED FORWARD 919973 85i027 The Trot¢s forni part of these financia] statements Page 3
MEGAN GWYNNE-JONLS CHARITABLE TRUST BALANCE SHEET AS AT 31 OCTOBER 2024 2024 Totat Fund5 2023 Total Funds Noi¢s FIXED ASSETS Investments 818309 724938 CURRENT ASSETS Cash at bank 102764 128089 CREDITORS Amounts failing due within one year ( 1100) NET CURRENT ASSETS 101664 128089 TOTAL ASSETS LESS CURREKf LIABILITIES 919973 853027 NET ASSETS 919973 853027 FiINDS Unrestricted funds 919973 853027 TOTAL FUNDS 919973 853027 The financial statements wer¢ approved by the Board of Tntstee5 on . Iq -l.lj . and were si)ed on irs behalf by.. C T Poinion- Trustee kson- Trw¢¢ D C High¢t- Trustee The notes fOn pan of these financid S¢atements Pag¢ 4
MEGAN GWYNNE-JONES CHARITABLE TRUST NOTES TO THE FINANCJAL STATEMEP4TS FOR THE YEAR ENDED 31 OCTOBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financi statemenis of the charity, which is a public Etnefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 "Accounting and Rep)rting by Charities: Statemenr of Recommended Practi applicable to charities preparing their accounts in accordanr£ with The Financial Reponing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015).. Financial Reporting Standard 102 'The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland. and th¢ Charities Act 2011. The financial stst¢ments have been prepared under the historical cost convention with the exception of investments whi¢h are included at market value. &s modified by the revaluation of certain &ssets. Income All in¢ome 1$ recognised in the Star¢ment of Financi Activities once ihe charity h2s entitlerncnt to the funds: it is probabl¢ that the income will be received and the amouni Can be measur¢d reliably. ExpenditUTe Liabilities ar¢ recognised as expenditure as soon &s there is a legal or constructive obligatioTr committing the charity to rhat ¢xpenditur¢, il is probabl¢ that a transfer of economic ben¢fits will be r¢quired in scttlement and the amount of the obligation can be rne&sur¢d reliably. Expenditure is accounted for on an accruals b&sis and has been classified under headin85 that aggregate all ¢osi related to the category. Where costs cannoi be diTectly attribuied to particular h¢adings they have b¢¢n located to actlVl¢ies on a b&8is Consistent with the use of resour¢e& Grants offered Subject io conditions which have noi been rnet at th¢ year end date are not¢d as a commitmenr bui not accrued as expenditure. Taxation The charity is exempt from tax on its charitsble activities. Fund aeeounling Unrestricted funds can be used in acwrdance with the ¢haritable objectives at the discretion of the tTUStees. Restricted funds can only be used for particul restricted PUTW5e5 Within rh¢ obJts of the ¢harity. Rcstriciions arise when specified by the donor or when funds ar¢ raised for pani¢ular restricted purFoses. Further explanation of the nature and purpos¢ of each fiJnd is included in the no*s to the financial statements. INVESTMEiwf INCOME 2024 2023 Dividends Interest receivable 22?14 4170 20365 ?749 26384 23114 TRUSTELS. REMUNERATION AND BENEFITS There were no trustees" remuneration or other benefits for the year ended 31 October 2024. Trustees, expenses There were no trustees. expenses paid for ihe year ended 31 October 20?4. Page 5
MEGAN GWYNNE-JONLS CHARITABLE TRUST r40TES TO THE FINANCIAL STATEMENTS- CONTINIIED FOR THE YEAR ENDED 31 ocfoBER 2024 FIXED ASSET INVESTMENTS Listed Invesiments MARKET VALUE At l November 2023 Additions Disposals Revaluations 634438 ( 4229) 75600 At J l October 2024 705809 NET BOOK VALIIE 31 October ?024 705809 Unlisted Investments MARKET VALUE Ai l November 202i Revaluations 63000 42000 At 31 Oaober 2024 105000 Other Investments MARKET VALUE At l November 2023 Revaluations 7500 At 31 October 2024 7500 Fixed asset inveMments Can b¢ categorised as follows". UK Overse&s 818309 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses Page 6
MEGAN CWYNNE-JONES CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2024 MOVEMENT IN FUNDS Net movement in funds AtOI.11.2023 At31.10.2024 Ilnrestrict¢d funds General fund 853027 66946 919973 TOTAL FUNDS 853027 66946 919973 Net movem¢ni in fund4 included in the aèK)ve a as follows: Incoming resources Resources expended Gains and 1055es Movement in fijnds Unrestricted fund$ G¢neral fvnd 26634 177288) I176) 66946 RELATED PARTY DISCLOSURES During the y¢ar, Aaron & Partners LLP invoice the Trust £10338 for le8al and profes5iona] s¢rvi¢¢s. The Trustee, C Poinion. is & partner of Aaron & Partners LLP. Page 7
MEGAN GWYNNE4ONES CHAIUTABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 2024 2023 INCOME AND ENDOWMEP4TS Investment in¢ome Dividends Interest e1Vable ?2214 4170 20365 2749 26i84 23114 Other income 250 Total incoming resources 26634 23114 EXPENDITURE Charitable activities Grants to institulion5 59)54 Support costs Other Accountancy fees Legal and professionai fees Investmeni management fees I I 12406 42?8 1 ?555 3198 17734 Total resource5 expended 77288 25139 Net intomel{expenditure) before gains and losses {i0654) (20251 Realised recognised gain$ and losses Gains/(Iosses) on revaluations and disposa]s of investment assets 117600 ( 350) Net incomel{expenditure} 66946 { 23751 This page does r1 forni part of the statutory fin&nciat statements Page 8