THE JAMES AND ADA ROBB CHARITY (a compAny limited by guaralltee) REPORT AND FINANCIAL STATEMII NTS FOR THE YEAR ENDED 5 APRIL 2024 Reglstered Charity No: IIS7777 Company No: 09085734 fv_fyL ChlARTERED ACCOUNTANTS
'1 HLI JAIMLI'S ANI) AI)A KUIIU LHAIII'I Y TRUSTEI Ei S, REPORT (INCLUDING DIREI CTOIIS, REPORT) The Trlislees (who are ¢1180 Directors for the PLwpose OF conipany law} prcsent their Report and accoiints for the year ellded 5 April 20?4, The accounts have beal prep<lred in &ccordance with the ELCCOiiiiting policies set out in note I to the accoiints and comply with the Charity's governirvd documenl, tlie Coinpanies Act 2006 and 'Accounting aiid Reporting by Charities: Sialeinent of Recommellded Practice 1¢ pplicable to charities preparing their accoiinls in Ciccordance with the FinanGial Reporting Standard appliGable til the UK and Republic of Irelalld, (FRS 102) (eFFe¢tive l January 2019) Reference Administi'atlon Trustees Christopher Jolui Giipwell - Chainnart Peter Michic el Joneg Sliona Mary Cutler Nicholas Peter Carl Jone8 John Roger Lloyd Willicims All acted throughout the ye&r. Registered Offlee Grove Farn] Biingalow Lincomb Stourport on Sevem Wor¢esl¢rshire DY13 9RB Advlsers Accounlanls Shona Cutler Limited Grove Farm Bungalow Lincomb, SIoLirport on Sevem Worcestershire DY13 9BJ Banl<cr8 Lloyd8 Bank PIC PO Box 44 colore Row Birniiiigham B3 3AD Properly Agents Fi8hers 30 Harborne Road Edgbastoii Binninghllm Bl 5 3AA Indepeiidenl Examin¢r N Siinl(illS FCA Sinikin8 As8OCiat¢8 Bults FE Maill Road Great Haywood Staflordshire ST18 OTF
'I'Hb JALVIAS AUA LFIAIU'I'Y TRUSTEES, REPORT (INCLUDING DIRLI CTORS, REPORT) (continiied) Advlsers (continued) Solictlors DWF LLF One Snowhill Snow FIill QueetLsway Birn]ingbam, B4 6GA Investment Managers Inveslec Wealtli & Investtnenl Lld Colmore Plaza, Colmore Cir¢iis BirniinghartL, B4 6AT Striictiij'e, Governance alld Management The Charity 18 a coinpany liiniled by guarantee and has llo share capil&l. The charitable Company was incoiyoratcd 011 13 June 2014 and Ès governed by ils Ttust Deed aud its Men]or&nduni and Arlioles ot AssocsaiLOll. The company registration nun]ber is 09085734 and the charity registralion number 15 1157777, The liability of eELch member may not exceed El. The administration of the coinp&ny is effected by tlie Tiltee8 assuming tbe equivalent role of directors. Power to appoint new Tiiislees ves18 wilb thr existing Trustee8, New Trustees are drawii from colleELgues 11 nd associ8le8 0£ existing Trustees who have experience relevFJlll to the activities O'F the Charily. No specific training is considered necessary. All matters of policy are delerniined by tbe Trustees who meet annLially and at such other Èimes as ¢ir¢vtnslallces require, Risk Manllgemeiit The Tru81ees Iceep iilldei. i'eview the major strategic and operational risks which the Charity faces and are 8alislied that systems have been established in order to minirnise the p08sible effeot8 of such risks on the Charity. ObJeelives Aiid Activitles The object of the Charity is the relief of need OF persoiis restdenl or foi'inerly resident in Birniincyliatn aiid its surrounding area by r¢a80n of youtli, age, ill liealih, disability or E-mancial hw'dship through the provision of hoiising and associated amenitie8. In ftirtherance of these object8 the Trustees own ahnsliouqes ivhich consist of ourte¢n s¢lf-conlained buiigalows gituated in the Bartley Gr¢en area of Binningham, The TrLiStees' policy is to provide the highest quality 8ccomniodalion for tlie re8Ldellts. The almshouses are manllged by property &gLnlS who are supervised by the Trubtees. The Cliarity is resourced by the weekly cc)nlribulioiis fi'om residents, income from investments ]d graiits from other cliaritable inylitLilions. Tlie TSteeS work Closely iviih local agellcies lo fiiid suitable residents wben vacancies occur, The Charity is affiliated to The Alnishouse Asso¢iaLion. The Trustees ljave refeLTed lo the gutdance coiil&iiied lll the Cburity Cornmission's general guidance oil public benefit wheii revkewiiig the Cliarit5Ps ainis d objectives alld planniiig tuture activities, In pthc icular, Ilie Trnstees have considered how planned activities will Gontribiite to the aim.8 and objecÉive8 set,
THf, .IAMF..S AIYD ADA ROBB CHARrrY TIIUSTEES, REPORT (INCLUDING DIRLI CTORS, REPORT) {cotttinued) ALliievemont5, Pcrfoi'niance and Finxnclttl Revlew All 14 bungaloivs weir occiipied during die yeilr. The 'frLiSt's fEll8neial statements atr get out on pages 5 to 12. 17te TrteeS eollsido" the company's financial posktion as disclosed by the fin&w¢ial statements lo be 8dequute for fttlfilling the obligations of the Cbllrity. Re¥erves Poliey Bect]ll5e of the possibility of sudden unexpected expelldtttire OJJ I'he propei'ties the TrnstLes contilliie to acciiinillate tlie excess of atll1 incoD]e ovei ex1?ellditte when it aTises. 1Ee Major Repairs Reseive is a fi]nd set aside to nieel such c05t8. At 5 Apid 20?4 Acoujniilated Illcome ainoimted to £254,184 (2023 £220,829) aDd the Major Repairs Fulld Stood al £53,85l (2023 £53,851). IIAvestment Poll¢y 'Il)e main objeclive is Lo preseLV¢ the Lharity'5 fid8 in real iei'ms an(1 to provide an income i'elllrn. The Tr115tres have um'esk"ict¢d powers ot investsllent alld bave appointed Illvestsnent ManageTS on a discretionary basis who reporl to tbe Trustees at their meetillgs. Ti?dilionally the Tniste¢s' policy is lo invest in.mediiim risk invesÉmellts and tlie Trustees considLr th&t this policy reJJains &ppropriate. Publie YJeDeflt The Trustees have complied with the duly in Scctloll 17 of the c.1tieS Act 201 I to Iiave due r¢gard to public benefit lIdance piiblished by th¢ Cb&rity CotllmiSSiOn. Pl%ns for Future Perio(Is T1 I"ni8tees plan to COlltinl their poltcy of iiiauitainillg tbe biiugaEows t'o highest quality ttCCQWtno(kntion olld when a property becoillcs VEicallt lo cAiry oiit signifiLuELI iefiwbishment where nec¢58aiy dtid n]oderni8¢ltion where possible. The Inistees plajj to make gr[1 applicatio% to ap&)i'opriate charilable iLisliliittons to assist Ibeiu in fimding tlii5 process, wliilst m&Xill]i$ing theii. inLome re.%idcut5' coutt'ibutlolls Ia investm¢nt8. I'he accolts havL been prepared ill accord[Le with the provisions tLpplicable to cotnp<illies siibjcct to the smllll copanies, re8ime. 'Fhc Trustee5' Report has been llpproved by the I101 of I'rusleLS oll 20th Novembei. 20?4. C J Gupwell ChallTha
TH[, J.4Mf* S AND ADA ROIIII CHAIUTY NDIPENDENT EXAMINER'S REPORT TO THf,. TIIUSTEI ES OF THE JAMEI S AND ADA ROBII CHA.IUTY l itport to the TisteeS on Illy exa1<tIOn of ttLe FanC.1al statements OF Tbe Janies & Ada Robb CbarKty (the Cliarity) for tbe year ended S April 2024. Responsibllitieg and basis of report As the frilslees of the Clwiity (and lllso its dire¢loi's for the pw"poscs of COtnp1c ny law) yoii ale responsible for ihe prepÉu'alion of tLie finallciul stlllcineiils in accordallce witli the requii'ements oftbe Con]pEleS Acl ?006 (the 2006 Act). IIIiviD¥ SiTrtisfied nlyself tbat the fmELllcial stalements of the Ch.1ty e not i'eqiiired to be lllidited under Part 16 of ilic 2006 Act alld ale eligible For llidependellt exaniuiatiou, l ieport in i'especl of my exalliinalion of the Chtwity'8 fjllancial slatejnents c(led oitt i]ndei' sectloll 145 01 the Cherities ALt 2011 (the 2011 Act). Ill can'ying oiit Jlly eL1minalion I have lollowed all the applicllble Directions givLn by tlie Charity Conlliiission iiniler 5¢Ction 145(5)(b) of Ibe 2011 ALt. IndepL%ndeut Elxalliiuer's Statement I liave Collipleted tlly examiniitioll. I Coiffirin tlial no matters bave come to my ttelltion m Collnection with'ihe examillation givillg me caiise to bclieve that ill any malerial resp¢¢t: l accoulltiJ]g ircoi'ds were not Icept ill i'espect of IIIL, chaiity ag ieqiiii'ed by section 386 of the 2006 Act, oi ? the thjancial stateentS do not occoi'd with those i'ecords. oi. 3 the tinllnL'ial .%talemellts do nol. coniply witb the accounting reqiiu'ements or seclioll 396 of the 2006 Act other tliall irquiremelli diat tbe accol15 give Iiuc and f&ir view wl]i¢b is not ?1 mattel Cullsido'ed as p-t of an indepelldent examiDnlion' or 4 tbe farte11 Slutenlenls Iiave llot been prepared iu acLOI'(l£wce with tb Jllcthods And PiilLciples of die Stal'emLllt 0&'ReColl£ll({Cd Pi'actice ktir accoiintiug and itpoi'tin¥ by Ch.111e5 applicuble lo charities prepIll theii. &ccoiints ill accordallce with die Financial Rci?orting Slandai'd applic8blL ill tkne UK and Repiiblic of Th'eland (fRS 102). TELe 'liii8lees bave assessed tliut the Clirrellt and fiiture filltiiicial posilion does nv llpacl upon Ihe assuillptioiis diRt the ch&ii'ily is ll going Loncein. I have iio concerns alld have Lonie across no other tnatlei8 ill collneLtion wi the examillalioii lo wliich ultenlion slIDiild be dLawn in tbis i'eporl in ol'd, to elble a PIOPLI. IindLrstandin8 (If tlie finuncial st2itcmLllt4 to be reached. N Simliills FCA Simkins AssociErtes .Biills F. Main Ru&d Great HAywood Slutfoi-dshire ST18 O'FF 20th vember 2024
THL J2iMF.S AND ADA ROBB CHARTTY STA TEfvIFNT OF fNANCIAL ACTIVITIES INCLUDtNG INCOME ItlYD EXPFNDITURE, ACCC)UN'I for the year ended 5 April 2024 21124 Total 21)23 rotal Income CApital Ittcomlng re30ufLes Ch8illtabLe activities Resid¢nls' Colltribiitiolls Inveslmenl income Dividttyjd £d interest payrllents Iulerest received 58,560 58,560 55,944 6.568 255 6,568 255 5,63Q 40 Total Incomimg resources 65,383 65.383 61,614 Resources expended Invest]nellt munagethent C08ts Porttolio mallELgem¢nt 2,522 2,522 2,38? Charitable activities l¥opety expenses Christmas gift5 to residellts 33.876 2,474 33,876 2,474 32,577 2,415 Supporl costs Admini5tiation 38,872 38,872 37,374 1,863 1,863 2,230 Cost ot Charitable activities 40,735 40,735 39,604 Gove1JEeQ Accountancy Independent L'xallliner's f¢e 1,500 1,425 1,500 1,425 1,500 1,350 TotAI resour¢¢g expended 43,660 43,660 42,454 Net Incoming resoureos for the yollr 21,723 21,723 19,160 Recognised gnins and (lo$soA) tnvestinents R¢tdised UnreaLis¢d (NotL' 4) (339) 11,971 (339) 11,971 2,076 (12,710) Net niovoment in &'und5 33,355 33,355 8,52C> BnnLe% 2t 6 Apiil 2023 274,680 1,840,546 2,115,226 2,lQ6,70Q 308,035 £1,840,546 £2,14X,581 £2,115.226 The statemeut of t.ancial llcl'iviLies includes (ill gdills and los.%es ieci)gnised in diL year. All iiicollie alld expLTdilure dLrives £rom conlilliiiug clivitlC5. The .st&tement ol""fmÉiiiciaL a¢tivilies &lso complies with thL requu'e]nL'Dt8 for illLome Illid expL'ndiiure aLcount iuider the Companies Act 2006. Balattl. *t S April 2024
JAMIS AND ADA ROBB CHARITY BALANCI SHEET 5 April 2n24 2024 202J Fixed Assets Freehold Property Investsnellts 1,8?0,000 313,786 1.820,000 ?47,971 9 133,786 2.067.971 Currellt A35ets Debtors Bank Balances 4,775 16,346 3,946 49,081 21,121 53.027 Creditoys: amoun15 falling due witbin one year Swidry creditors 6,326 5,772 Net Current Assets 14,795 47,255 Tot#1 Ae¢S less Current Llnblllties £2,148,581 £2,115,226 Unrestrlcted Fullds Cupitsl Fid 1,840,546 1,840,546 tncojne FidS Major Repairs Ileguve Accumulaled In¢ome 53,851 254,184 53,851 220,829 £2,148,581 £2,115,226 The compjny is entitl¢d to the exemption fi'om the uudit reqiiirement collluined in section 477 of the Cojnpllnies Act 2006 for dle year ended 5 April 2023. No member of tlie compllny has deposited & noticej piirsuaat to S'ectiou 476, requiring an audit of ibese acColtS. Tbe Trust¢e5' responsibilities toi ensi]ring thot tbe C'harity Ice¢ps aceouoting i'ecor(L8 which ciy]nply wilh seLtion 386 of the Ao'l 8nd for prL"paring uccoullts which giv¢ a truL fair view of tbe state of affairs of the company as at tlie of th¢ finLtncial year and of its AllLO]ning res01CeS ld application of rcsoill'ces, inclLI(liiig its income gnd expeiiditure foi the fmancitil year in aLLordance with the requll'ements oEsectlOllS 394 and 395 and which oiherwise coniply wilh the requirejnents ofthe Coinpallie5 Act 2006 relating to uccounts, o fay as upplicable to the company, ]Mve been met. Tb¢ acco[t5 httve bLen prepared in aL'CoI'dCe wtih the provi8ioiis applicablc to compmie.¥ siibjLct to tlie srnall compgnies, regime. The uccoiints on pages 5 t<) 12 were approved by the Trustees i)n 20th Novembcr 2024 td sigued on their beh&lf by: If L, J Gupwell - Chuirmlln
'1 HL JAfvILS Af+lD AL)A K()JSIS CFIAICI'I'Y NOTEI S TO THE FINANCIAL STATEI MLI'NTS lor the year ended 5 April 2024 l. Accoiintlng Poliele8 Charity Informlltion The Jatnes & Ada Robb Charity IS Gl privale company limited by guarantee incorpor£lled in England and Wale5. The registered office is Grove f<lrn] Bungalow, Lincomb, Stourport oil Severn, Worcestershire, DY13 9RB. () Accounting coiiventioll These &ccounts Iiave been prepared in accordaiice witli the 'AccoLinting and Reporting by Charities.. Slalement of Reconynended Pracli¢e c1pplicable lo Gharilies prepartng their accoulltants in accord<ince with the Financial Reporting Stand¢1rd applicable in the UK and Republio of Ireland, (FRS 102) (effective l January 2019) The Coinp&iies Act 2006 and Geiierally Accepted Accounting Practice. Tlie Charicy 18 a PLiblic Benefit Entity as defined by FRS 102. The ac¢oLm18 are prepared in sterling, which is the fiinctional CLirren¢y of tlie Charity. MDnetary amounts in tliese tlli&ncial stalcmenls are rounded to the nearest £. The aceoiints have beeii prepared uiider Ilie historical cost ¢onvenlLoll, modified lo include the revallllc lion of freehold properties and to include inveslmeiil properties and certain finaLicial inslnunenls al fair valiie. The principal accounting policxes tldopted are sel out below. (b) Fuiids Unrestricted funds are available for use at the discretion of the TNstees in furiheriG nce of the general objectives of the Charity. Design&ted tiinds are Iliose fLinds which are unrestricted in ttakire bLII wbich have been designated by the Tnistoes lo be used in a PErticular m<lnner. Restricted tid8 are funds which are to be used tn accordance with specific restrictions inip08ed by donoiB or which have been raised by the C'harity for particular purposes. The c05t o'Fi'aising and administering such fund8 1( re cliarged against the specific fund. The Cliarity has no restricted funds. (c) Illconie reiognitlon All illcoiniiig resources are iiioluded in the Statement of Financi(11 Activities (SOFA) when the Charity is legally entitled lo the income after any perfonnan¢e conditioi]s have been et, die ainount can be mea.gured reliably and il Is probable that Ili¢ income will be received. lllconie from charitable activilies includes regidents, contributions for their occupatioii of the Charity's bungalows and is included when il becomes due oli a weekly basis,
'X'HL JI¥.VILI b A4 D AUA IIUBII L EIAIII'I Y NOTES TO THE filNANCIAL STA'f£i iMENTS for the yeur ended 5 April 2024 {¢ontiniied) {c) Iiicome i'ecognilion (conliniLed) Inveslnient incoine is eanied thi'ough holding assets for investment purposes sucL as stocks td Shares, It includes divideiids and interest p&ymenls. Wheie it is not pfKicli¢able to identify investtnenl rnanagemellt costs incurred within a scheme wiLh reasonable accuracy tlie investment income is reported nel of these costs, It is included when Llie atnoiinl C¢ill be measured reliably. Interest income is recognised using the effective interest method and divi(lend income is recognised as the Charitys right to receive Pc1yment is ¢stablisbed. (d) Ei xpelldlture recognltlon All expenditure is accounted lor on an accrLia18 basis and IS been classified under the beadings tliat aggr¢gate all costs related to the categoi-y, Expenditure is recognised Whe there is a legal or conslnLCtive obligation to make payments lo third parties, il is probable that settlement will be required alld Ille amount of Ilie obliDation cali be measiired reliably, Ii is categoi-ised linder the folIoiving heGiding8', Expendilure on ¢haritable aclivLties illcludes the uplceep of &lmshouses attd benefits for residents as well as the adminislralive costs. Other expendire represents tEiose items not falling into the categories above, Irrecoverable VAT is cli&rged us an expense ag¥iinsl d]e actlvlty foT which the expendiNre ose, (e) Goveriiance costs GOVern]Ce c081s inclLide those costs &ssocialed with rneelirLg the Consti110nd1 alld s&iNloiy reqiiiremen18 of the Charity and incliide independent examinaiioll fee8 alld cos181È2thed lo Ilie strategic &agement of the Charity, (fj riixed As$et5 Purchases of land td bLiildings capitali8ed &t 0081. As8el8 doii&led to Ibe trLlSt or acqull'ed al less than their current value are c&pilalised al Llie cl1rrIt valiie al the date of acqiiisition. The Charity owiis fOteen 8elf-contained biingalow8. The bungalow8 were valued iii J£miiary 2022 by Deall Taylor MRtCS at £1,820,000 aiid are included in the financial sl<ltements at this Fair value, The increase ill tnarket value arising frorll the revaliiation was £620,000, (g) Investment$ liiv¢sttnent8 are recogni8ed initially at fair Vcilue which 18 nonnally the -ISactIon pri¢B including IrELnsactton costs. Siibsequelltly tbey are measiired at fair valiie with changes recognised in 'iiet gainsl(Iosse5) on inveslrnellts, in the SOFA if the shE¢S al'e publicly traded oi- their fair value can otherwise be measiired i'elii( bly. Ot'her investmeiil% are mea8ur¢d at cost less ijnpairment.
I'HL< JèifvlLI S èU)A KUIIB LHAKI'I'Y NOTES TO THE FINANCIAL STA Tl( LVIEIYTS for the year ended 5 Aprll 2024 (g) Investment5 (conliniied) Currellt asset investments £e short lertll higlily liouid investrnenls and are Leld &L fail. value. These include cash oll deposit d cftsh equivalents with a MaILlty of less than one year. (h) Debtors and creditor5 receiv*ible/payable within oiie year Debtors and creditors WLlh no Sl&ted interest rale and receivable or payable within oiie yeGir are recorded al tr18CtIo# price. Any10sse8 arising from iznpallnient are reGognised in expendirtire. (i) TAX The Charity is an exetnpt cliarily within tlie inealling of Schediile 3 0£ the Charilles Act 201 l and is considered to pass the lesls set out in P&ragr&ph I Schedule 6 Fiiiance Act 2010 and therefore meets the deflllltion of a ¢harily for UK corporation for lax purpobes, (l) Going concern As 81 April 2024, tlie Charity hd an uivestmenl por0110 with a market valiie of £297,607. As ¢115 Api'il 2023 the market value of tIie investrlleiil portfolio w&s £243,771. The finanGial statements have been prepared on a going concern basis as the Trustees believe that no znalerial uncerlainlies exist, The Tlvstees have considered the level of fiinds held and the expected level 0£ incotne and expeiiditure for 12 months from auihoiising these financial stalemenls, The biidgeled income and expendimre is $Lifficient with Ilie level of reserves for the Charity to be able lo continue as a going concern. 2. Trustees, RemiineratiOD Aiid Expeiises find RelAted Pai'ty Trllnsactions No rernuneralion or expenses wei'e paid oi. payablc in respect of the year oiit of the ftinds of tlie Charity either directly or indirectly to atiy Trustee or to any person or persons l<Jiuwn lo be ¢onnecled with them except as 9ted below. Mrs S.M. Ciitler, a Trust¢e, 18 a director of Shona Cutler Limited to who £3,240 was paid for administration services provided to LEie Tnistees. Mi's J.J. Gupwell, the wife of one of the TsleeS, was paid £123 for accouiilancy and secretarial service8. 3. Employees There ivere iio full or parl time eInployee8 during the year.
.1 JANILI S AtNiD AL)A IIUIIIS LHAHI'I'Y NOTfi.S TO THE FtNIiNCIAL STATEfvILIYTS the year endeil 5 April 2024 {continued) 4. Investinenls 2024 2023 Cvst At 6 April 20?3 AcquisÉtiOllS Disposals 217.348 52,049 (10,184) 208.684 19,002 (10.338) Ai 5 April 2024 259,213 217,348 Siirplus on revttliiatlon At 6 April 2023 (Decrease) / Increase diiring the year 26,423 11,971 39,132 (12,709) Ai 5 April 20?4 38,394 26,423 M.Irkel V&liie Al 5 April 2024 £297,607 £243,771 Investments ut TrIArket Vfilue cotnpri5ed: Fixed lllterest UIC Equities & fiinds Overseas Equities & funcLs Aliernative assets Property ftinds 70,953 67,142 120,067 30.997 8,448 31,314 66,596 106,185 20,913 8,763 297,607 16,179 243,771 4,200 Ulliiivesled cash £313,786 £247,971 Al 5 April 2024 the chtirily.held the following investmenis individually repre.8entingT in excess of 5 % of the total value OF the portfolio,. Market Valiie Cost Artemi8 Income Fiind E 14,782 Iiicome units 5.44 13,722 16,213 BNY Mellon Newton Global Income Fund 11,107 U Iiicome Linits 7.37 12,238 21,928 Fil UK Glob1( l Dividend Fund 9,400 W Income iinit8 7.52 17,931 22,391 Lind8ell Train UK Eqiiity .Fund 5,775 hicome units 6.51 17,747 19,390 Findlay Park American ICAV 110 l incoille uiiits 6.25 16,516 18,602 Liontrust Special Situations 3.500 Incoine units 5.69 17,014 16,947 J P Morgan UK Equity In¢ome Fund 10,099 C Income units 5.41 7,971 16,118 io
TFif JAMES AND AI)A IIOBB CHARITY NtsTtS TO TEIE FINANCIAL STATITrIENTS (continued) For the year ended 5 April 2024 4. Investments (continued) The fatr value of listed it]v¢%tmentS is determined by r¢tei'ence lo the quoted pricc lor IdlIse&l a5SLts in all active market at Ihe balance &ht¢t date. All investments .¢ ctuiied Al ttLeir fau" valiic. IzivLsthieiits in equities and fixed interest se¢uritie.s are all ts'aded in quoted public mFll'k¢ts, piID]arily the London Stock Exchattge. Holdings in CODllnOD investment funds, unit trusls and opell-ellded investmeJJt conipanies ure at the bid price. The btLSiS of fair value foi, (Oled iuv¢stments is equivalent to th¢ mtwket vaRii¢, Ilg the bid price. Asset sales knd piwchases are recognised at ihe dale of ts'ad¢ it cost (thal is thell. tratssaction vttlue). The rÈsk to the Cbai'ity fro]n fillaucial instrumellts lies in the combiti&lion ot iincertain investtnent markets Éwd volotiEity in yield. The CbaTity is not reltant ou dividend yieLd to fiuance its work. Liquidity risk is allricipated to be low as all assets are trnded. The Churity'.8 inv¢stmellts are maillly traded in marIcets with good Iiqiudity un(I liigli trading volumes. The CIMI'ILY has no mllteri investmellt holdings in D]arkels siibject to excl]auge contt'ols or tradiug restsictions. The Charity manages these investment rtsks by irtllilling exp advisors nd operatJllg all investrnent policy tknt pi'ovid¢s for a high degLee of diver5iti¢ulion of boldiugs withill luvestellt classes that aTe quoted ou re¢ognised stock exchanges. The Chlty does not llwke us¢ of derivative8 and similar coinplex fjnancial in5truJnenls as il tukes te view that investments w'e beld for theii. longei. term yield total retiirn and historic Studies of quoted finanL'i81 insUillJents liave showll tbat volatility in ally pailicular 5 year period will noiThally be L'OITected. 5. Debtors 2024 2023 IllSiLrance paid ill adv&mce Residcllts, contribution Prepaid Acoued Interest 1,326 3,331 118 1,139 2,607 4,775 3,946 6. Llr4bllitiey: Amoullts fp4lAlng due within ont year 2024 2023 Shona Cutler Lllnited Mrs J.J. (Jupwell sittIns A550ciates SevLrn Irenl Fiiiids owed to Agent 2,000 1,350 1,350 1,116 510 2,000 1,350 1,350 562 510 £6,326 5,772
THF. ,IAML.S ANI) ADA ROBB CHAiiirY NOTfs TO TFIE fiNANCLiL ,STATF,IIIKNTS (coiitinued) Foi, tbe year ended 5 April 2024 7. Movements in Fullds CApRt81 Fund Major Rep&irs Aecumulate(I Income Total At 6 April 2023 1,840,546 53,851 2?0,8?9 2,115226 Net movernent in fiLnds foi tlie ye. (page 5) 33,355 33,355 At 5 Api'il 2024 £1,840.546 £53,851 £254,184 2,148,581 8. Analysis of Assets betweeii Funils Capitsl Fund Major Repairs Accumulated Income T()tal At S Aprll 2024 FTeePLold pEoptieS Lisled inVeStents Uninvested cash Bkllth balunces Debtoi's 1,820,000 20,546 1,820,QOO 297,607 16,179 16,346 4,775 53,851 223,210 16,179 16,346 4,775 1,840,546 53,851 260,510 2,154,907 Les5 CLrditoL.4 (6,326) (6,326) 1,840,546 £53,851 254,1114 2,148,581 At 5 April 2023 rreehold pi'opeities Lisled invesltllents Unillve.¥led Lash Balllc balÉiiices Debioi's 1,820,000 20,546 1,820,000 243,771 4.200 49,081 3,946 53,851 169,374 4,200 49,081 3,946 1,1140,546 53,851 226,601 2,120,9911 Le&9 Ci'editot% (5,772) (5,772) I.840,546 £53,851 220,1129 2,115,22(i 12