Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **THE C J W TRUST**
Financial Statements Year Ended 5 April 2025 Charity No.: 1154021
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Report and Financial Statements for the year ended 5 April 2025**
## **Contents**
**Page:** 1 Reference and administrative information 2-3 Report of the Trustees 4 Report of the Independent Examiner 5 Statement of Financial Activities 6 Balance Sheet 7-12 Notes forming part of the Financial Statements
**Registered charity number** 1154021
**Trustees** C Jessel S Jessel **Principal Office** BDO LLP, Thames Tower, Station Road, Reading, Berkshire, RG1 1LX
## **Independent Examiner**
## **Bankers**
Steve Hale FCA, FCCA on behalf of Perrys Audit Ltd, Churchdown, Bordyke, Tonbridge, Kent, TN9 1NR Bank of Scotland, 600 Gorgie Road, Edinburgh, EH11 3XP
1
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Report of the Trustees for the year ended 5 April 2025**
The Trustees present their report along with the financial statements of the charity for the year ended 5 April 2025. The Financial Statements have been prepared in accordance with the accounting policies set out on page 7 and 8 and comply with the charity’s trust deed and applicable law.
## **Structure, Governance and Management**
## _Governing document_
The charitable trust was created by a deed of settlement dated 10 September 2013. The Trustees have power to pay or allocate the whole of the income (and capital thereof) to or for the benefit of charities or for charitable purposes.
The Trustees have the power to appoint additional Trustees.
## _Recruitment and appointment of new Trustees_
Trustees are appointed based on the skills that they bring to the board, such that the board of Trustees has a balanced set of skills.
Each Trustee undertakes induction training which consists of a briefing by the Chairman on their roles and responsibilities. They are furnished with a complete range of information and literature, for future reference. Emphasis is placed on the legal status and responsibilities of a Trustee.
## _Risk management_
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Objectives and Activities**
## _Objectives and aims_
The object of the charity is for public benefit to relieve those in need, advance education, advance health and the saving of lives and such other charitable purposes as the Trustees shall decide from time to time by the provision of grants.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning further activities.
## _Grant making policy_
The Trustees will accept requests for grants and review them against the objectives of the charity. The decision to award a grant is made by the Trustees.
## **Achievements and Performance**
## _Investment performance_
The charity was created by a deed of settlement dated 10 September 2013 and has made investments during the year. The Trust’s income has arisen from donations and investment income comprising dividends and interest received. The Trustees continue to seek independent advice on obtaining the best returns on the investment portfolio held.
2
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Report of the Trustees for the year ended 5 April 2025 (continued)**
## **Financial Review**
## _Reserves policy_
The Trustees ensure that there are sufficient liquid cash resources available to meet the anticipated regular disbursements to charities and good causes. This is subject to annual review in the light of expected investment income.
## _Future developments_
The focus of the Trustees of the Charity is to ensure that the cash amount available for distribution to charities and good causes can be sustained and increased year on year.
## **Trustees’ responsibilities in relation to the financial statements**
The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- 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 accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and 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.
Approved by the Trustees and signed on their behalf by:
**S Jessel** Trustee
Date: 4/2/2026
3
Independent Examinerfs Report to the Trustees of the
The C J W Trust (the 'Charlty'} (Contfjnued)
I report to the charityTrustees on my examination of the accounts of the Charity for the year ended
5 April 2025 which are set out on pa8es 5 to 12
Responsibilittes and basls of report
As the chariws 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 spect 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 Direciions given by the
Charity Commission under sertton 145(5){bl of the Art.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
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
3. the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the applicable Charities (Accounts and Reports) Regulations
2(NJ8 other than any requirnent 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 matter5 in connection with the examination to
which attention should be drawn in this report in orderto enable a proper understanding of the
accounts to be reached, apart from the matter noted below".
I refer to the referen in note 2 to the accounts of a 'Prior Year Adjustment, of £45,500. 1 have been
advised by the trustees that this represents a correction to the treatment of a transaciion during the
year ended 5 April 2022.
During that year a donation of £45,500 was erroneously recorded as a liability of the charity to its
trustees. I have been provided with evidence confirming that this transattion should have been
recorded as a donation in that year.
The adjustment has been recorded by increasing the donations reIVed in the Ststement of
Financial Attivities (SOFA) in the year ended 5 April 2025 ratherthan as a material prior year
adjustment affetting the opening funds.
Signed:
steve Hale FCA, FCCA on behalf of
Perrys Audit Ltd
Churchdown Chambers. Bordyke, Tonbridge. Kent, TN9 INR
Date:
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Statement of Financial Activities for the year ended 5 April 2025**
**----- Start of picture text -----**
Notes 2025 2025 2025 2024 2024 2024
Endowment Unrestricted Total Endowment Unrestricted Total
funds funds funds funds funds funds
£ £ £ £ £ £
Income and endowments from
Donations and legacies 2 - 156,875 156,875 - 87,500 87,500
Investments 3 - 3,317 3,317 - 4,841 4,841
Total - 160,192 160,192 - 92,341 92,341
Expenditure on
Raising funds 4 994 - 994 1,275 - 1,275
Charitable activities 5 - 121,947 121,947 - 122,510 122,510
Total (994) (121,947) (122,941) (1,275) (122,510) (123,785)
Net income/(expenditure) before investment gains/(losses) (994) 38,245 37,251 (1,275) (30,169) (31,444)
Net gains/(losses) on investments 8 1,156 - 1,156 5,186 - 5,186
Net income/(expenditure) 162 38,245 38,407 3,911 (30,169) (26,258)
Transfers to unrestricted funds 38,245 (38,245) - (30,169) 30,169 -
Net movement in funds 38,407 - 38,407 (26,258) - (26,258)
- -
Total funds at 6 April 2024 84,622 84,622 110,880 110,880
- -
Total funds at 5 April 2025 123,029 123,029 84,622 84,622
**----- End of picture text -----**
The notes on pages 7 to 12 form part of these financial statements
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Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Balance Sheet as at 5 April 2025**
|**Notes**
**Fixed Assets**
Investments
8
**Current Assets**
Cash at bank and in hand
9
Debtors|**£**
**£**
**88,335**
**29,215**
**48,875**
**2025**|**£**
**£**
123,708
36,300
17,500
**2024**|
|---|---|---|
|**Liabilities**
Creditors:amounts falling due within one year 10|**78,090**
**(43,396)**|53,800
(92,886)|
|Net current assets|**34,694**|(39,086)|
|**Total Net Assets**|**123,029**|84,622|
|**Funds**
Endowment funds
13
Unrestricted funds
13|**123,029**
**-**|84,622
-|
||**123,029**|84,622|
Approved by the Trustees and signed on their behalf by:
**S Jessel** Trustee
Date: 4/2/2026
The notes on pages 7 to 12 form part of these financial statements
6
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Notes to the financial statements for the year ended 5 April 2025**
## **1 Principal Accounting Policies**
## **(a) Accounting convention**
The C J W Trust is a registered unincorporated charity, registered and domiciled in England and Wales under the Charities Act 2011. The address of the registered office is given on page 1.
The financial statements are prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.
The C J W Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **(b) Cash flow statement**
Under FRS 102, there is a requirement for larger charities to prepare a cash flow statement, however as the charity has income less than the £500,000 threshold, a cash flow statement is not required.
## **(c) Going concern**
The Trust has substantial net assets and the Trustees therefore have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees have adopted the going concern basis in preparing the financial statements.
## **(d) Donations, legacies and similar income**
Donations, legacies and similar income are shown in the accounts when receivable and the value of the incoming resources can be measured with sufficient reliability.
## **(e) Investment income**
Investment income is accounted for in the period in which the charity is entitled to receipt.
## **(f) Resources expended**
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.
## **(g) Charitable activities**
Costs of charitable activities include grants made and an apportionment of overhead and support costs where applicable.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust.
## **(h) Governance costs**
Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activity.
7
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Notes to the financial statements for the year ended 5 April 2025**
## **(i) Fixed asset investments**
Investments are stated at closing market value at the balance sheet date. Any gains or losses on revaluation and disposal are shown in the Statement of Financial Activities.
## **(j) Realised gains and losses**
Gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and purchase cost. Unrealised gains and losses are calculated as the difference between the market value at year end and opening market value (or purchase date if later). Realised and unrealised gains and losses are not separated in the Statement of Financial Activities.
## **(k) Taxation**
The charity is exempt from tax on its charitable activities.
## **(l) Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
The endowment fund is comprised solely of an expendable endowment. Expendable endowments are those where the Trust terms provide for conversion from capital into income under certain circumstances. Income arising on the endowment fund can be used in accordance with the objectives of the charity and is included as unrestricted income. Any capital gains and losses arising on the investments form part of the fund. Investment manager charges, fundraising costs and legal advice relating to the fund are charged against the fund.
## **(m) Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling the balance sheet date. Transactions in foreign currency are translated at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **(n) Cash at bank**
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **(o) Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **(p) Financial instruments**
The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Investments are measured at fair value.
8
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Notes to the financial statements for the year ended 5 April 2025**
|**2**
**Donations**
Donations received
Prior years adjustment
Gift Aid recoverable
**3**
**Investment income**
Dividend income
Brokers interest received
**4**
**Raising funds**
Investment managers fees
**5**
**Charitable activities**
General activities
**6**
**Grants paid or payable**
The Big Give|**Activities**
**Undertaken**
**Directly**
**(see note 5)**
**£**
**115,000**|**2025**
**£**
**80,000**
**45,500**
**31,375**
**156,875**
**2025**
**£**
**3,231**
**86**
**3,317**
**2025**
**£**
**994**
**Support**
**Costs**
**(see note 6)**
**£**
**6,947**
**2025**
**£**
**115,000**|**Total**
**2025**
**£**
**121,947**|**2024**
**£**
70,000
-
17,500
87,500
**2024**
**£**
4,683
158
4,841
**2024**
**£**
1,275
**Total**
**2024**
**£**
122,510
**2024**
**£**
120,000|
|---|---|---|---|---|
9
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Notes to the financial statements for the year ended 5 April 2025**
|**7**
**Support costs**
General activities
Accountancy fees
Independent examiner fees
Under/(over) provision in prior year
**8**
**Investments**
Market value at 6 April 2024
Acquisition cost in the year
Proceeds from disposals in the year
Realised gains / (losses) on disposals
Movement in unrealised valuation
Market value at 5 April 2025
Historical cost at 5 April 2025
**9**
**Cash at bank and in hand**
Current account
Investment manager accounts
**10 Creditors: amounts falling due within**
Other creditors
Amounts owed to Trustees|**2025**
**£**
**957**
**5,030**
**960**
**-**
**6,947**
**£**
**£**
**123,708**
**7,907**
**(44,435)**
**(36,528)**
**5,228**
**(4,073)**
**1,155**
**88,335**
**52,962**
**2025**
**£**
**26,348**
**2,867**
**29,215**
**one year**
**2025**
**£**
**4,945**
**38,451**
**43,396**
**2025**|**2024**
**£**
2
3,990
960
(2,442)
2,510
**£**
**£**
143,131
106,520
(131,129)
(24,609)
(4,775)
9,961
5,186
123,708
104,285
**2024**
**£**
32,285
4,015
36,300
**2024**
**£**
4,950
87,936
92,886
**2024**|
|---|---|---|
10
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
## **Notes to the financial statements for the year ended 5 April 2025**
|**11 Financial instruments**
Financial liabilities measured at amortised cost
Financial assets measured at fair value through the
Statement of Financial Activities|**2025**
**£**
**117,550**
**43,396**|**2024**
**£**
160,008
92,886|
|---|---|---|
Financial assets measured at fair value through the statement of financial activities comprise investments in shares of quoted companies and cash at bank.
Financial liabilities measured at amortised cost comprise other creditors and amounts owed to Trustees.
|**12 Movement in funds**
**£**
Endowment funds
**84,622**
**84,622**
Net movement in funds, included in the above are as follows:
**£**
**£**
**£**
Endowment funds
-
(994)
1,156
Unrestricted funds
160,192
(121,947)
-
160,192
(122,941)
1,156
**At 6 April 2024**
**Gains and**
**losses**
**Expenditure**
**Income**|**£**
**38,407**
**38,407**
**£**
38,245
(38,245)
-
**Net movement**
**in funds**
**Transfer to**
**unrestricted**
**funds**|**£**
**123,029**
**123,029**
**£**
**38,407**
**-**
**38,407**
**At 5 April 2025**
**Movement in**
**funds**|
|---|---|---|
The endowment fund is comprised solely of an expendable endowment. Expendable endowments are those where the trust terms provide for conversion from capital into income under certain circumstances.
Income arising on the endowment fund can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains and losses arising on the investments form part of the fund. Investment manager charges, fundraising costs and legal advice relating to the fund are charged against the fund.
11
Docusign Envelope ID: 542B8E53-5154-44C2-9C2F-C3809E83F2D1
## **The C J W Trust**
**Notes to the financial statements for the year ended 5 April 2025**
|**13 Analysis of net assets between funds**
**Endowment**
**funds**
**2025**
**£**
Fixed asset investments
**88,335**
Current assets
**29,215**
Creditors: amounts due within one year
**(43,396)**
**74,154**|**Unrestricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**|**Total**
**funds**
**2025**
**£**
**88,335**
**29,215**
**(43,396)**
**74,154**|**Total**
**funds**
**2024**
**£**
123,708
36,300
(92,886)
67,122|
|---|---|---|---|
## **14 Trustees' remuneration and benefits**
There were no Trustees’ remuneration or other benefits for the year ended 5 April 2025 (2024 - £nil)
There were no Trustees’ expenses paid for the year ended 5 April 2025 (2024 - £nil)
## **15 Related parties**
## **Mrs C Jessel - Trustee**
At the year end, the charity owed £38,451 (2024 - £87,936) to Mrs Jessel in respect of accountancy and professional fees previously paid on behalf of the charity.
## **16 Ultimate controlling party**
The C J W Trust is controlled by its Trustees.
12