|
Page |
Page |
| General information |
|
2 |
| Report ofthe trustees |
|
3-4 |
| Statement of trustees' responsibilities |
|
5 |
| Independent Examiner report |
|
6 |
| Statement offinancial activities |
|
7 |
| Balance sheet |
;_9 |
8 |
| Cashflowstatement |
|
9 |
| Accounting policies |
1O |
- 11 |
| Notes to the financial statements |
12- 14 |
|
THE AJS CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AJS CHARITABLE TRUST
Year ende(15 Aprll 2024
I report lo the charity Iruslees on my examination of the accounts of the Gharily for the year ended S April 2024 which are
sel out on pages 7 10 14.
Responsibilities and basis of report
As the charity's Iruslees, you are responsible for the preparation of the accounts in accordance with the requirements of
The Charities Act 20111.lhe Acl'l
I report in respect of my examination of the Irusl's accounts carried out under section 145 of the Act and in
carrying out my examination, I have followed all the appli¢&ble Directions given by the Charity Commission under section
145(5l{bl of the Act.
Independent examiner's statement
I hav& completed my examination. l Confirm that no material maller5 have come lo my attention in connection with the
examination giving me cause lo bèlieve that in, any material respèct..
l. the accounting records were not kept in respect of the charity as required by section 130 of the Act,. or
2, the accounts did not accord those records., or
3. the accounts did not comply wrth the applicable requirements concerning the fom) and ¢onlenl of the
accounts set out in the Charities IA¢¢ounls and Reports) Regulatk)ns 2008 other that any requirement that
the accounts give a'true and fair, view which is not 8 matter considered as part of an independent
examination.
I have no concerns and have come across no other mallers In connection with the examination lo which attention should
be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
Signed
Patrick Healon FCA
Independent Examiner- The Inslilul8 of Chartered Accountsnls in England & Wales IICAE
for and on behalf of
Gibson Booth
Chartered Accountants
New Court
Abbey Road North
Shepley
Huddersfield
HD8 8BJ
Dale
20. li. LV
|
|
Unrestricted |
Restricted |
Expendable |
Total |
Total |
|
|
Income |
Income |
Endowment |
this year |
lastyear |
|
Note |
Fund |
Fund |
Fund |
2024 |
2023 |
|
|
£ |
|
£ |
£ |
£ |
| lncomlnq resources |
|
|
|
|
|
|
| Voluntary Income |
|
|
|
|
|
|
| Donations |
|
|
56,000 |
320,000 |
376,000 |
480,000 |
| Tax refund due on gift aid |
|
|
14,000 |
80,000 |
94,000 |
120,000 |
| Investment income |
2 |
108,248 |
|
|
108,248 |
55,821 |
| Total incoming resourses |
|
108,248 |
70,000 |
400,000 |
578,248 |
655,821 |
|
|
|
|
|
- |
|
| Resources expended |
|
|
|
|
|
|
| Cost of generating funds |
|
|
|
|
|
|
| Investment management costs |
3 |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
|
| Grants made |
4 |
60,336 |
70,000 |
|
130,336 |
229,788 |
| Governance cost |
|
|
|
|
|
|
| Independent examination fees |
5 |
1,380 |
|
|
1,380 |
1,320 |
| Trust accounting/tax claims fees |
|
3,120 |
|
|
3,120 |
2,238 |
| Professional fees |
|
1,332 |
|
|
1,332 |
2,843 |
| Bank charges and tax penaties |
|
13 |
|
|
13 |
118 |
| Total resources expended |
|
66,181 |
70,000 |
|
136,181 |
236,307 |
| Net incomingl(outgoing) resources |
|
42,067 |
|
400,000 |
442,067 |
419,514 |
| before transfers |
|
|
|
|
|
|
| Gross transfers between funds |
|
|
|
|
|
|
|
|
42,067 |
|
400,000 |
442,067 |
419,514 |
| Net income/(outgoing) resources before |
|
|
|
|
|
|
| other recognised gains and losses |
|
|
|
|
|
|
| Other recognised gains and losses |
|
|
|
|
|
|
| (Losses)/gains on investment assets |
|
|
|
(8,685) |
(8,685) |
(206,491) |
| Net movements in funds |
|
42,067 |
|
391,315 |
433,382 |
213,023 |
| Fund balance brought forward |
|
|
|
3,649,921 |
3,649,921 |
3,436,898 |
| Fund balance carried forward at 5 April 2024 |
|
42,067 |
|
4,041,236 |
4,083,303 |
3,649,921 |
|
|
7 |
|
|
|
|
|
|
|
Total |
|
Total |
|
|
Note |
this year |
|
lastyear |
|
|
|
2024 |
|
2023 |
| Fixed assets |
|
|
|
|
|
| Investment at rJarket value |
|
6 |
2,159,915 |
|
2,128,823 |
| Current assets |
|
|
|
|
|
| Debtors |
|
7 |
|
|
|
| Cash at Handelsbanken |
|
|
1,940,700 |
|
1,547,983 |
| Cash at Handelsbanken Wealth &Asset |
Management |
|
1,539 |
|
2,859 |
|
|
|
|
... |
|
| Creditors: amounts falling due within one year |
|
8 |
(18,850) |
|
(18,243) |
| Net current assets |
|
|
1,923,388 |
|
1,532,599 |
| Total assets less current liabilities |
|
|
4,083,303 |
|
3,661,422 |
| Creditors: amounts falling due after one |
year |
|
|
|
í11,500) |
|
|
|
4,083,303 |
|
3,649,921 |
| Funds |
|
|
|
|
|
| Expendable endowment fund (note 9) |
|
|
4,041,236 |
|
3,649,921 |
| Restricted income fund (note 9) |
|
|
|
|
|
| Unrestricted income fund (note 9) |
|
|
42,067 |
|
|
|
|
|
4,083,303 |
|
3,649,921 |
| Approved by order ofthe trustees on |
/</.!ú/.2. r., :i.'-i |
|
and signed on its |
behalf |
by: |
|
|
2024 |
2023 |
|
Net income for the year |
442,067 |
419,514 |
| I> |
|
|
|
|
Adjustments for |
|
|
|
Interest and dividends |
(108,248) |
(55,821) |
|
Decrease/(lncrease) in debtors |
|
220,820 |
|
lncrease/(decrease) in creditors |
(10,893) |
(11,357) |
|
Cash flows from operating activities |
322,926 |
573,156 |
|
Cash flows from investing activities |
|
- |
|
Interest and dividends |
108,248 |
55,821 |
|
Proceeds from sale of investments |
|
|
|
Purchase of investments |
(39,777) |
(40,617) |
|
Net cash used by
investing activities |
|
|
|
|
68,471 |
15,204 |
|
Change in cash and cash equivalents |
391,397 |
588,360 |
|
Cash and cash equivalents brought forward |
1,550,842 |
962,482 |
|
Cash and cash equivalents carried forward |
1,942,239 |
1,550,842 |
|
|
|
|
2024 |
2023 |
|
|
|
|
£ |
£ |
|
1 |
Income |
|
|
|
|
|
GiftAid donation |
Cheryl Hood |
320,000 |
318,040 |
| ~ |
|
|
Jason Hood |
|
81,960 |
|
|
|
Andrew Gossage |
56,000 |
80,000 |
|
|
|
|
376,000 |
480,000 |
|
2 |
Investment income |
|
|
|
|
|
Handelsbanken interest |
|
68,472 |
15,200 |
|
|
Portfolio deposit interest |
|
|
4 |
|
|
Unittrust distributions |
|
39,777 |
40,617 |
|
|
|
|
108,248 |
55,821 |
|
3 |
Investment management |
|
|
....
- |
|
4 |
Grants |
|
|
|
|
|
The Prince's Trust |
|
25,000 |
25,000 |
|
|
Cardinal Heenan Catholic |
|
70,000 |
100,000 |
|
|
Explore Learning |
|
28,490 |
44,220 |
|
|
lmpact(ed) |
|
5,652 |
|
|
|
Auris Tech |
|
1,194 |
|
|
|
Disasters Emergency Committee |
|
|
50,000 |
|
|
Letita Mackie |
|
|
187 |
|
|
Bookmark Reading |
|
|
10,381 |
|
|
|
|
130,336 |
229,788 |
|
5 |
Governance fees: |
|
|
|
|
|
Independent Examiners fees for2023/24 (2022/23) |
|
1,380 |
1,320 |
|
|
Professional fees (Risk review) |
|
|
2,843 |
|
|
Accountancy fees for2023/24 (2022/23) (Handelsbanken Wealth Mgt) |
|
1,948 |
1,650 |
|
|
Preparation of 2023 Annual Return (Handelsbanken Wealth Mgt) |
|
732 |
732 |
|
|
Preparation of gift aid claims |
|
440 |
468 |
|
|
Asssiting with 2021/22 |
Audit |
1,332 |
|
|
|
Adjustment to fees gift |
aid fees overstated in 2021/22 |
|
(612) |
|
|
|
|
5,832 |
6,401 |
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
6 |
Analysis of Investment |
Mkt Value |
Mkt Value |
|
|
|
at yearend |
at year end |
|
|
LF Hb Balanced Sustainable MAF D Ace |
1,378,107 |
1,357,430 |
|
|
LF Hb Balanced Sustainable MAF
I Ace |
781,808 |
771,392 |
| ø |
|
Total |
2,159,915 |
2,128,823 |
|
|
The historic cost ofthese investments was £2,337,826 (2023: £2,298,050) |
|
|
|
6 |
Analysis of Investment continued |
|
|
|
|
Fixed asset investments |
|
|
|
|
Market value |
|
|
|
|
Carry (market) value at beginning ofyear |
2,128,823 |
2,294~97 |
|
|
Add Additions at cost |
39,777 |
40,617 |
|
|
Less disposals at carry value |
|
|
|
|
Add/(deduct) net gain/(loss) on disposal |
|
|
|
|
Add/(deduct) net gain/(loss) on revaluation |
{8,685) |
(206,491) |
|
|
Carry (market) value at end ofyear |
2,159,915 |
2,128,823 |
|
7 |
Debtors |
|
|
|
|
Outstanding gift aid refunds |
|
|
|
8 |
Creditors: amount falling due within one year |
|
|
|
|
Independent Examiners fees for2023/24 (2022/23) |
1,380 |
1,320 |
|
|
Accountancy fees for 2023/24 (2021/22 & 2022/23) |
3,598 |
3,221 |
|
|
Preparation of 2024 Annual Return (Handelsbanken Wealth Mgt) |
1,464 |
1,428 |
|
|
Preparation of gift aid claims |
908 |
774 |
|
|
Donation commitments |
11,500 |
11,500 |
|
|
|
18,850 |
18,243 |
|
|
Creditors: amount falling due after one year |
|
|
|
|
Donation commitments |
|
11,500 |
|
|
|
|
11,500 |
| 9 |
Analysis of Funds |
Analysis of Funds |
|
|
|
|
|
|
|
|
At |
Income |
Expenditure |
Gains/losses |
At |
|
|
|
06-Apr-23 |
|
|
& transfers |
05-Apr-24 |
|
|
|
£ |
£ |
£ |
£ |
£ |
|
Expendable endowment funds |
|
3,649,921 |
400,000 |
|
(8,685) |
4,041,236 |
|
Restricted income |
funds |
|
70,000 |
(70,000) |
|
|
|
Unrestricted funds |
|
|
108,248 |
(66,181) |
|
42,067 |
|
|
' |
|
|
|
|
|
|
|
|
3,649,921 |
578,248 |
(136,181) |
(8,685) |
4,083,303 |
|
|
|
At |
Income |
Expenditure |
Gains/losses |
At |
|
|
|
06-Apr-22 |
|
|
& transfers |
05-Apr-23 |
|
|
|
|
£ |
£ |
£ |
|
|
Expendable endowment funds |
|
3,436,898 |
600,000 |
|
(386,977) |
3,649,921 |
|
Unrestricted funds |
|
|
55,821 |
(236,307) |
180,486 |
|
|
|
|
3,436,898 |
655,821 |
(236,307) |
(206,491) |
3,649,921 |