REGISTERED COMPANY NUMBER: CE000587 (England and Wales) REGISTERED CHARITY NUMBER: 1152928
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2024
for
Jessica Bethell Charitable Foundation
Duncan King FCA 2 MacNeice Drive Barton Park Marlborough Wiltshire SN8 1TR
Jessica Bethell Charitable Foundation
Contents of the Financial Statements for the Year Ended 5 April 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
Jessica Bethell Charitable Foundation
Report of the Trustees
for the Year Ended 5 April 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2024. The trustees have adopted the provisions 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 (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE000587 (England and Wales)
Registered Charity number
1152928
Registered office
Thorngill Coverham Middleham North Yorkshire DL8 4TJ
Trustees
Hon. JDW Bethell Mrs S Bethell Countess C Peel Mrs J Lambert
Independent Examiner
Duncan King FCA 2 MacNeice Drive Barton Park Marlborough Wiltshire SN8 1TR
Approved by order of the board of trustees on 4 February 2025 and signed on its behalf by:
Hon. JDW Bethell - Trustee
Page 1
Independent Examiner's Report to the Trustees of Jessica Bethell Charitable Foundation
Independent examiner's report to the trustees of Jessica Bethell Charitable Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Duncan King FCA The Institute of Chartered Accountants in England and Wales
Duncan King FCA Barton Park Marlborough Wiltshire SN8 1TR
5 February 2025
Page 2
Jessica Bethell Charitable Foundation
Statement of Financial Activities
for the Year Ended 5 April 2024
| 5.4.24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,810 Other trading activities 2 2,813 Investment income 3 6,799 Total 12,422 EXPENDITURE ON Charitable activities Charitable donations 29,000 Other 1,596 Total 30,596 Net gains/(losses) on investments 35,571 NET INCOME/(EXPENDITURE) 17,397 RECONCILIATION OF FUNDS Total funds brought forward 300,412 TOTAL FUNDS CARRIED FORWARD 317,809 |
5.4.23 Total funds £ 3,972 65,557 5,877 75,406 73,546 1,623 75,169 (20,460) (20,223) 320,635 300,412 |
|---|---|
The notes form part of these financial statements
Page 3
Jessica Bethell Charitable Foundation
Balance Sheet
5 April 2024
| 5.4.24 Unrestricted fund Notes £ FIXED ASSETS Investments 6 307,920 CURRENT ASSETS Investments 7 2,119 Cash at bank 7,770 9,889 NET CURRENT ASSETS 9,889 TOTAL ASSETS LESS CURRENT LIABILITIES 317,809 NET ASSETS 317,809 FUNDS 8 Unrestricted funds 317,809 TOTAL FUNDS 317,809 |
5.4.23 Total funds £ 273,754 9,521 17,137 |
|---|---|
| 26,658 | |
| 26,658 | |
| 300,412 | |
| 300,412 | |
| 300,412 | |
| 300,412 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Jessica Bethell Charitable Foundation
Balance Sheet - continued
5 April 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 4 February 2025 and were signed on its behalf by:
S Bethell - Trustee
The notes form part of these financial statements
Page 5
Jessica Bethell Charitable Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
2. OTHER TRADING ACTIVITIES
| 5.4.24 | 5.4.23 | |
|---|---|---|
| £ | £ | |
| Fundraising | 2,813 | 65,557 |
Page 6
continued...
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 5.4.24 | 5.4.23 | |
| £ | £ | |
| Managed investment income | 6,799 | 5,877 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 3,972 |
| Other trading activities | 65,557 |
| Investment income | 5,877 |
| Total | 75,406 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable donations | 73,546 |
| Other | 1,623 |
| Total | 75,169 |
| Net gains/(losses) on investments | (20,460) |
| NET INCOME/(EXPENDITURE) | (20,223) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 320,635 |
| TOTAL FUNDS CARRIED | |
| FORWARD | 300,412 |
continued...
Page 7
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
6. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 6 April 2023 | 273,754 |
| Additions | 8,446 |
| Disposals | (12,480) |
| Revaluations | 38,200 |
| At 5 April 2024 | 307,920 |
| NET BOOK VALUE | |
| At 5 April 2024 | 307,920 |
| At 5 April 2023 | 273,754 |
The total value of the fixed asset investments is represented by a managed portfolio of equity and fixed interest securities, the geographical location of which at 5 April 2024 is as follows:
United Kingdom £116003 Outside the UK £191917
Cost or valuation at 5 April 2024 is represented by:
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in | 2017 | 12,020 |
| Valuation in | 2018 | 5,216 |
| Valuation in | 2019 | 10,384 |
| Valuation in | 2020 | (12,582) |
| Valuation in | 2021 | 113,874 |
| Valuation in | 2022 | 1,219 |
| Valuation in | 2023 | (17,723) |
| Valuation in | 2024 | 38,200 |
| Cost | 157,312 | |
| 307,920 |
continued...
Page 8
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
| 7. CURRENT ASSET INVESTMENTS Investment managers account 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 12,422 TOTAL FUNDS 12,422 Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 6.4.23 £ 300,412 300,412 Resources expended £ (30,596) (30,596) At 6.4.22 £ 320,635 320,635 |
5.4.24 £ 2,119 Net movement in funds £ 17,397 17,397 Gains and losses £ 35,571 35,571 Net movement in funds £ (20,223) (20,223) |
||
|---|---|---|---|---|
continued...
Page 9
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
8. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 75,406 TOTAL FUNDS 75,406 A current year 12 months and prior year 12 months combined Unrestricted funds General fund TOTAL FUNDS |
Resources Gains and Movement expended losses in funds £ £ £ (75,169) (20,460) (20,223) (75,169) (20,460) (20,223) position is as follows: Net movement At At 6.4.22 in funds 5.4.24 £ £ £ 320,635 (2,826) 317,809 320,635 (2,826) 317,809 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 87,828 | (105,765) | 15,111 | (2,826) |
| TOTAL FUNDS | 87,828 | (105,765) | 15,111 | (2,826) |
continued...
Page 10
Jessica Bethell Charitable Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2024
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2024.
Page 11
Jessica Bethell Charitable Foundation
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 5 April 2024 | ||
| 5.4.24 | 5.4.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 2,810 | 3,972 |
| Other trading activities | ||
| Fundraising | 2,813 | 65,557 |
| Investment income | ||
| Managed investment income | 6,799 | 5,877 |
| Total incoming resources | 12,422 | 75,406 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants | 29,000 | 73,546 |
| Support costs | ||
| Management | ||
| Website costs | - | 28 |
| Finance | ||
| Investment management fees | 1,596 | 1,595 |
| Total resources expended | 30,596 | 75,169 |
| Net (expenditure)/income before gains | ||
| and losses | (18,174) | 237 |
| Realised recognised gains and losses | ||
| Unrealised loss on investments | 38,200 | (17,723) |
| Realised loss on investments | (2,629) | (2,737) |
| Net income/(expenditure) | 17,397 | (20,223) |
This page does not form part of the statutory financial statements
Page 12