JUNE MARGAREf PAVYER MLL TRUST Regisiered Charlty No. 1149287 REPORT AND Accouiirs FOR THE YEAR ENDED 31 MARCH 2024 HARDCASTLE BURTON 36 Dene Road Northwood Middlesex HA6 2DA
JUNE MARGARET PAVYER WILL TRUST CONTENTS TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Page Trustees. Report Report of the Independent Examlner Statement ol Flnandal Actlvltles Balance Shggt Noles to Ihe Accounts
JUNE MARGAREf PAVYER WILL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Truslees present Iheir report and the accounts for the year ended 31 March 2024. R81orenco and Admlnlstratlv• D8lalls Governlng Document Will Prov on 29 Felxuary 2012 Trustees Mr H(Mard Kent Mr Gary Mason Charlty Numb Registered Charkty No. 1149287 Sollcitors Ivy House 107 St Peters Streot Sl. Albans ALI 3EW Bankers Barclays Bank Pk Independent Examlner Margaret AntlK>ny Hardcastie Burton 36 Dene Road Northwood HA6 2DA Grant Applioatlons mailed to Mr Howard Kent 36 Oene Road Northwo(Kl Mmldlesex HA6 20A
JUNE MARGARET PAVYER WILL TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) Charitable Obj'ects: The income and capf(al of the Trust is lo be paid to any charity eslablished according to the law of England and Wales in such shares and in such manner generally as the Trustees shall in their absolute discretbon see flt. The Trust was gIstered as a charity on 11 October 2012. The existing Truslees have the Wer lo appoint new Trustees Risk Management The Trustees have assessed the major risks lo whlch the charlty Is exposed and is satisfied that systems are in place to reduce any exposure to those risks. Financlal revlew The tolal incoming resour$ ol the Charfty arnounted to £177,820 {2023: £163.662) in the year. The main sources of income were from the Trust's properties and investment portfolio. The profit (realised and unrealised) on investment portfolio amounted to £75,046 (2023: Loss £171,918). The income and gains allowed the Trustees to make charitable donations of £86,000 as well as paying for the costs of running the Trust. There was an inflowof funds amounting to £27,876 (2023., Outllow 01 £19,230). Publlc beneflt The Trustees confirm that they have Complied with thelr duty, set out in Section 17 of the 2011 Charity ACL to have due regard to Charlty Commission guldance on public benefil. Reserves pollcy and plans for the future The Trustees have d8cided that the free reserves available to make future donalions should be similar to the annual donations made in the previous year. The net current assets at 31 March 2024 were £260,637 {2023: £206,803). The Trustees Intend lo make donations to charities according to Trust's charitable objects.
JUNE MARGAREf PAVYER WILL TRUST TRUSTEES'REPORT FOR ThE YEAR ENDED 31 IIARCH 2Q4 (contlnuod) Stsl•mont of the Tnte09, R99pon•1hlo¥ In Rgsp•¢t of thè Accounts The Tnte85 are requlreo to pr•parn accounts for each flrwi(xal yfrar whlch gfvo a Iruo ond lalr rf8w of tho stale of affalrs of the Charlty and of the Incom• and oxpondture of tho Charfty lor Select 8ultabt• accourrtlng and th•n Ihom cornty; ObsaNe the meiht)ds arml plnclFle8 In the CIArtUes 8ORP: fvlaka Judgements aNI 88Omatos that arn rea8onaN• rf1 wud•nt', State whts appllcable accounttng •landvds havo bgw Idltr*•d, •ubJ•ct kn any malgrlal d8parturo8 dl8dos8d and oxplaln8d In thfy a¢counts; and Propare the accounts on tho going concem badi unl88811 l•lnwoplato pmum• Ihat Iho Chartty 1• conllroJ• to oporat•. Thè TnJ8te08 arn al•0 refjponwe lor ko•rAno woper a(xoundrvJ I•rdI wNch dl8do8• thdlh rotsonablè aCrneY at any Um• tho Ilnandal of the Chartty. They Aro also respon8lbl• lor 8Ateguardlng the oss•ts ol tho Chaffty arKI hgne• lor laklng reasonablo theps for th• weventlon arml datecllon of frnud and othw IW11 and •nsurfw ¢OmKllv• wlth th• t•rnis Of the Charlty8 TA1 Deod. Howard Kont (Tru8tw)
INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES OF THE JUNE MARGARET PAVYER WILL TRUST I report on Ihe flnanclal stalemenls ol June Margaret Pavyer Will Trust for the year ended 31 March 2024 which ¢ompris8 the Slatement of Financial Activities, the Balance Sheet and the related notes. Respectlve responslbllltle8 ol trustees and examlner The trustees are responsible for the preparation of the flnanclal statements and for belng satl81ied that they glve a true and fair view. The charity's trustees conslder thal an audit 18 not required lor this period under sedion 144121 of the Charllles Act 2011 (the 2011 Acl} and that an Independenl examlnallon is needed. It Is my responslblllty to.. examlne the financlal statement8 under sectlon 145 of the 2011 Acl; follow the procedures laid down In the General Directlon8 glven by the Charlty Commission under sectk)n 145{5}Ibl of Ihe 2011 Acl; and state whether particular matters have come to my attentlon. Bas1$ of Independent examlner'8 stalement My examination was carrled out In accordance wllh General Dlrectlons glven by the Charlty Commlssloners. An examlnatlon Includes a review of the accountirvJ records kept by Ihe charlty and a comparison ol the financial statements presenled wlth Ihose records. It also includes consideration of any unusual items or dlsclosures In the flnanclal statements, 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 opinlon Is glven as to whether the accounts present a Yrue and falr view" and the report is Ilmlled lo those matters set out In the statement below.1 have no concerns and have come across no other matters in connection wlth the examinatlon lo whlch attentlon should be drawn In thls report In order to enable a proper understandlng ol the accounls to b8 reached. Independent examlner s statement In the course of my examinalion, no matter has come to my attention: 1 } Whichgives me reasonable cause to balleve that, in any materlal respect, the requlremenls: To keep accountlng records In accordance wlth sectlon 130 of the 2011 Act, and To prepare accounts whlch accord with the accounllng recordsand lo comply wlth the accounting requlrement of the 2011 Act have not been met. or 2) To whlch, In my oplnlon, attention should be drawn In order to enable a proper understarKling of the flnanclal statements to be reached. Margaret Anthony FCA Hardcastle Burton 36 Dene Road. Northwood, HA8 2DA 20th January 2025
JUNE MARGARET PAVYER WILL TRUST sTATEmEr OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unraslrletod Funds 2024 Unr88trl¢lgd Fun(ts Note INCOME AND ENDOWMENTS FROM: Inve8lmont Incom• Rental income Olher Investment Income 123,524 54.296 113,647 50,015 TOTAL EXPENDITURE ON: Ral8lng fund• R8ntal costs Investment management C08ts Charllabh Actlvlll•s Donations 27,819 7,602 23,618 8,073 86,000. 122.000 Othor co8t8 TOTAL NET (EXPENDITURE)IINCOME FOR THE YEAR 27,876 (19,230) OTHER RECOGNISED GAINS AND LOSSES: GainpJ(losse8) on Investments Reallsed on sa18 Unreallsed 110,964> 86.010 13,841 (185,559) NET MOVEMENTS IN FUNDS 102,922 (191,148) BALANCES BROUGHT FORWARD BALANCES CARRIED FORWARD 14
JUNEMARGAREfpAVYER WILLTRUST BALANCE SHEEr AS AT 31 MARCH 2024 31 March 31 laorth Land arwj buIldlS I61.564 1 A61.564 CURREKf ASSErs Dabtors Cash at ba Stockbrokets accaurt Current account Dèbentrwns Ottaway dl8nt 31J86 14,248 33,933 2Wd,338 16.559 184,130 214,937 NET CURREHf ASSErs NEf ASSErs Represenilry: UNRESTrICTED FUND 22 Hard Kert (Trwtso)
JUNE MARGAREf PAVYER WILL TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. AccouKnNG POUCIES Charlty Informallon The June Margaret Pawyer Will Trust is an unincorporated charlty regisler in the Unlled Klngdom. The Charlty Reglstration number is 1149287 and the wincipal address is Ivy House, 107 St Peters Street, St Albans, AL13EW. Accountlng conventlon The financial statements have been prepared in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS102), The Charities Act 2011 and follows the Stalement of Recommended Pradice Applicable lo Charities preparing their accounts in accordance with the Finanoal Rewtlng Standard appllcable In the UK and Republic ol IrelarKI Ilhe EORPI. The linanclal statements are wepared in sterllng, which is the funciional currency of the company. Monelary amounts in these financial statements have been rounded lo the neare81 pourKI. The accounls are prepared under the hlslorical cost conventk>n. modifiad to Include the revaluallon ol quoted Investments. Publlc benefft endty The June Margaret Pavyer W511 T1 rneets the definition of a benefbl entity under FRS102. Golng Concom The trustees have considered the impact of the Coronavlrus and the Governrnenl Iniliallves to combat It durfng and after the year arKI have concluded thal it will not signlficantly adversely affect the charlty. The Trustees therefore consthred that there are no materlal uncertaSnlie8 rogardlng Ihe charitys ablllty to continue a8 a golng concern Investments Quoted investmeN$ are valued in the Balance Sheet al marf(et value. In accordance with Ihg SORP the realised gainlkjss in the SOFA lor the year is the dilference belween Ihe amount at whlch Ihe investrnent was valued at the beginniNJ of the year, or cost rf purchased during the year, and sale PreedS. Unrealised gains or losses at the year end are charged lo the SOFA on the differere between Ihe Oni valuation, or wrchase cosl In the year and the year and mathet valuaUon. Investment IYOP8rti8s are valued al their open valuation as assessed by the Trustees al tha year end.
JUNE MARGAREf PAVYER WILL TRUST NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 MARCH 2024 Investment income ts acc¢)unted for as the trust becomes entrtled to the income. Credit is taken in the accounts for ino)me tax deducted from and transitional tax relief ap1¢able to the inveslment income which has or Mll be reclaimed from the Inland Revenue. Rental Income Rental income is accountwj for as the trust beo)mes enbued to the inwme. Expendlture ExpeTrJiture is recognised when ther8 is a legal or cortstrtIve obligation to make a payment lo a third party. il is probabty thal settlement will be required and the amount of the obligation can be Measured reliabty. Funds I funds are Un$trE¢led at the year erKI. I STAFF NUMBERS The charity did not employ any staff duriffj the year12023: none). No Trustee received remuneratwjn during the year (2023: £nli ). 3. t)ONATIONS The trustees decided to make donations in the year to 31 March 2024 of £86,000. Donations made in Ihe year ended 31sr March 2024 were £86.000. Rentsl Costs Tolal 224 Total 2023 Management Fees Property Insurance General Repairs 11,016 3.757 13.046 12,429 5.088 6,101 27,819 23,618
JUNE MARGAREf PAVYER LL TRUST NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 MARCH 2024 S. OTHER COSTS Total 2024 Total 2023 Accountancy fees Legal arKI Trustees. lees General expenses 4,020 22,417 2,086 4.134 21,041 4,026 28,523 29.201 6. INVESTMEKrs Land and Bulllngs At the year erKI the Trust owns flve freehokl woperties vthich had orwJlnally been valued at £1.075.OIJO at the date of transfer Into the TWSL Al the year erKI the Trust also owns lea8ehold wcrf)erties had lgInalty been valued at £240,000 at the date ol transfer into the Tru8L The Trustees conskaer that Ihe value of the propertles at the year*nd is in excess of cost and propose lo undertake a revaluation exercise. supported by prol8&8ional advice, at 3111 March 2025.
JUNE MARGARET PAVYER WILL TRUST NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 MARCH 2024 7. DEBTORS Total 31 March 2024 Tol•l 31 March Other debtors B. CREDrroRS: Amoun18 lalllng du• wlthln 4)no yo•r Total 31 March 2024 Total 31 March 2023 Other credliors 8,134 9. RELATED PARTIES The tru pakl legal expenses amounllng to £4.250 (2023: £21.041) to Del*nhams Ottaway LLP. H KenL a trustee. was a member of Debenhams Ollaway LLP. 10-