Handelsbanken p.alth & Asset Manage.iiip.rrt THE AJS CHARITABLE TRUST REPORT AND ACCOUNTS Year ended: 5 APRIL 2025 10112G
THE AJS CHARITABLE TRUST INDEX Year ended S Aprtl 2025 Pagè General inlormalion Report of the Iruslee5 Slalemenl of trustees, responsibililios Indepèndent Examingr r¢porl Slalemenl of financial activities Balance sheet Cashflow statement AccA)unling policies 10- 11 Notes lo the financlal statements 12- 15
THE AJS CHARITABLE TRUST GENERAL INFORMATION Year endod 5 April 2025 Trustèes Jason Hood Chew Hood AndreN John Gossage Accountsnl Handelsbank8n We8lth & Asset Management 77 Mount Ephraim Tunbridge W8115 Kent TN4 8BS Independent Examlners Gibson Booth Chartered Accountants & sktutory Auditors New Court, Abbey Road North Shepley Huddersfigld HD8 88J Registered charity number 1166221
THE AJS CHARITABLE TRUST REPORT OF THE TRUSTEES Year ended 6 Aprll 2025 The Injstees present their report with the fin8n¢lal ststements of the charity for the year lo 5 April 2025. The trustees have adopted the provisions ol Accounllng and reporting by Charities.. Statement of RecorFimended Pfaclice applicable to chaii14os preparing their accounts in accordance with the Financial Reporting S18ndard applicable ia ihe UK and Republic of Ireland IFRS 1021 leffeotive 1 January 20191. Object and activlties for the publlc beneflt The object of the charity, under the temis of the trust d8ed'. To pay or apply Ihe capital and income held by the trust lo or towarijs or lor the benolil or furtherance of such ¢h8rilable purposes or charitable organlsations (whether corporate or unincorporaledl al SL time. in such manner and In such proportions as the Iruslees may from lime to time determine. The trustees musl use the income and may use the capita10l the ch8fily in promoting the Objeds. The trustees confirm that they referred to the guidance contained In the Charity Cornmission's generql guidance on the public benefit when reviewing the Irvst's aims and objecllves and in planning future activities and setting grant making policy lor the year. Financial Review Unrestri¢ted funds Incoming resources f¢x Ihe year 8mounl8d to £114,033. Grants of £81,223 weie made and 5UPPOrt cost amounted lo £5,052. This compares with incoming resoLirces of £108,248. Grants or £105.336 and support costs of £5,84S in the previous year. The unrestricted fund ba18nce was £138,13812024.. I[67)51 the balance she81 dale. Restricted funds A restricted fund donation of £43.313 was feceived In the year and the same amount was paSd out as a grant. This compares with a r¢slrlcled fund donatlon of £70,000 and the same amount paid out as grant in the prevK>us yeai. The reslricled fund balan was £nll12024.' £nlll al the balance sheet dale. Expendable endowment Expendable erKJowmenl stood al £3,913.131 {2024'. £3,fj,236} al Ihe b81ance Sheet dale. Principal funding source The principal fundiftg source compTises gifts from the Iruslees of the charity and ffom investment income. Investment policy and objectives The Iru51ees have agreed a medium Fisk profile. Reserves policy The truslees aiFn to maintain the endowment lund at a18v81 lo providg a 5uffl¢lenl capital base lo generate an incomo vel sufficient lo maintain the level of grant making planned In the future. The trustees are $811slied wqlh the Current lovel of reserves.
THE AJS CHARITABLE TRUST REPORT OF THE TRUSTEES Year ended 5 Aprll 202S Structure, governance and management Constitution The AJS Charilabla Trust is consliiuled by Deed of Trust daled 10 08Mber 2015 and is a registered ¢harity. Number 1166221. Trustees New trutslees may be appointed by the exi51ing Ituslees by virtue ol a power cont8ined within the trust deed. The trust deed provi(Jes lor a minimum ol three Iruslees. Governing document The charity is controlled by ils goveming do¢umenL a deed of Itusl and constilules an unincuporaled charity. Recruitment and appointment of new trustee New Iruslees may be appointed by the exisling Ituslees ty virtue of a power Gontain8d wilhin the trust d¢ed. A minimum of thie& trustees is required by the trust deed. Org4nisation structure The trustees musl hold at leasl two ordirbary meellngs each year. Al (htss8 meetings, the trustees agree broad slialegy and a¢livlly tor the Irusl, includlng consSderalion ol grant vnaking, Investments and reserves. Induction and iralning of new trustees On appointment, new trustees must expressly acknoedge hi5 or h8r acceptance of office ol trustee ol the Charity. lft selecting new Iruslees, the trustees must have regard lo Ihe skills, knowledge and experience needed for elfeclive administration of the chaTily. New trustees are provided wSlh a copy of the Irusl deed and 8 copy of the charf(Is laiest report end a¢¢ounts. Risk managèment The Irustees have asstrssed the risks lo which the charity mighl be exposed and consider them to be minlmal. The trustees have 8ddressed such risks that exist. Approved by order of the trustees on.......... .2nd signed on its behalf by.. Jason Hood - Trustee
THE AJS CHARITABLE TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES Year ended S April 2026 Trustees, responsibilities in relation to the financial statements The Iru51eès a responsible for preparing Ihe Report of the Trustees and the financial 51alemenls in accotdanee wlh 8pplicable18w and United Kingdom Accounting Standards (United Kingdorn Generally Accepted Accounting Practice). The law appllcable to charlltes in Englgnd Wales requires the Iruslees lo prepare Ilnanclal slalemen15 for each Ilnan¢ial year whi¢h glve a Iwe and fair view of Ihe slate of affairs of the charlly 8nd ol the Inwtning resource5 and applKalon of resources. induding the income and expenditure, of the charlly for Ihal perS0d. In prgparing Ihe5e fi'nancial statements. the trustees are required to.. select suitable accounting polioi8s and then apply them consistenlty., observe the meih(xls and princlples of the Charities SORP 2018 (FRS 1021.. make judgements arHY aciy)unling eslimale5 Ihal are reasonable and prudent.. state ether applioable accounllng standard5 have been followed prepare the fingncial statements on the going concern basis unless il is inappropri810 to piesume that the charilywill conllnue in business. The Iru51ees are responsible for keeping accounting records whid) disclose with reasonable accuracy the financial position of the charity and 8nable Ihern to ensure that the linancial statements comply with the Charities Acl 2011, the Charity (Accourils and Reptsrtsl Regulations 20Q8 and Ihe provisions of the trust d8ed. They are a150 responsible lor safeguarding the asse15 of the ch8rty and hence for taking reasonable steps for the prev8nlion and detection ol fraud and other irregularities.
THE AJ8 CHARITABLE TRUST INDEPENL)ENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AJS CHARITABLE TRUST Year 8nded 5 April 2025 I report lo the charity Iruslees on my examination of the accounts of the chartly for Ihe year ended 5 April 2025 which are sel out on pages 7 to 14. Responsibilitie5 and basis of report As the ch8ritrfs Iruslees, you are reswnsible for the preparation ol Ihe accounts accordance wlh the requirements of The Ch8rilies Act 20111'lhe Acl'l I rert in respecl of my examinalitin of the trust's accounts carried out under so¢1ion 145 of thè Act and In carrying out my examina1ion, I have followed all the applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no mal8ri81 matters have come to my attonlion in connection wth the examination giving me cause lo believe that in. any material respect= l. the accounlw¥J records were not kept in respoct of Ihe charity as required by section 130 of the Act, or 2. the accounts did not accord those records,. or 3. the accounls did nDI cOpIY with the Bppllcable reouirements ¢onoerning the form and conlenl of the accounts sel out in the Charilles IAccounis and Reports) Regulations 2008 other that any requiremeril that Ihe acc(xJnls give 8'IAJe and fai¢ vlew which Is not a ma118r considered as part ol an independent examinallon. I have no concem5 and have come across nD olher matters in connBGlion th Ihe examinalDn lo which attention should be drawn in this report In order to en8ble a propel understanding of th6 atcounts lo be reached. Signed Pathtk HÈ8ton (Feb 4. 2026. 1 38pml Patrick Healon FCA Independent Examlner- The Institute of Chartered Accountants in England & Wales IICAEWI for and on behalf of Gibson Booth Chartered AUntantS New Court Abbey Road North Shepley Hudderslield HD8 8BJ 04 Feb 2026 Dale
THE CHARITABLE TRUST STATEMENT QF FINANCIAL ACTIVITIES YeaT ended S April 2025 Unreslficted Incomè Fund Restricted Expendable Income Endowment Fund Fund Total this year 2025 Total last year 2024 Irestatèdl Note Incoming resources Voluntary Income Donations 34,6SO 34,650 376.OOD Tax refund due on gift aid 8,663 8,863 94,000 Investment income 114,033 114.033 108,248 Total incoming resourses 114,033 43.313 157.346 578,248 Resources Èxpended Cost of gener8ting fvnds Investment m8naoemenl cosls Charit8ble achviti6s Grants made 37.910 43,313 81.223 105.336 Govemance cosl Independent examination fees TIus1 accountingllax claims fees Professional fees 1,440 3,600 1.440 3,600 1,380 1,332 Bank charges and lax pen815es Total iesources expènded 12 42,982 12 80.275 43,313 Nèt incominglloutgolngl resources before transfers Gross Iransffjrs between funds 71,071 71.071 467,067 71,071 71,071 467,067 Net incomelloulgoingl resources before other recognised gains and losses Other recognised gains and losses ILos5esllgain5 on investment assets Net movements in funds 153,1051 (53,1051 153,105 17,966 18,685 45S,382 71,071 Fund fjalance brought forward al 5 April 2024 las previously stalodl 42,067 4,041.236 4,083,303 3,649,921 Prior year adjuslmenl Fund balance brought forward at S Aprll 2024 Irestalecsl Fund balance carrled forward at S April 2025 25,000 67,067 75,000 3.966,236 50.000 4,033,303 75,000 3,af74.9?1 138,138 3,913,131 4,051.269 4.033,3Q3
THE AJS CHARITABLE TRUST BALANCE SHEET As at S April 2025 Total this yèar 2025 Total last year 2024 Irestatedl Notè Fixed assets Inveslmenl al m¥rkel value 2.136,201 2,159,915 Current asset5 Debtors 8.663 Cash al Handelsbanken Cash al Handelsbanken Wealth & Asset Management 1,944.950 159 1,940,700 Creditors.. amounts falling dtse w¢lhin one year 138,7031 143.8501 Net currènt assets 1,915,068 1,8Q8,388 Total assets less current liabillties 4,051.289 4.058,303 Creditors.. amounts 1811ing due 8fler one 5ga 125.0001 4,033.303 4,051,269 Funds Expendable endowment fund (note g) Restricted Incotne fund Inole 91 Unreslricled income fund (note 91 3.913.131 3,966,?36 138,138 4 051,269 67,067 4.033.303 Approved by order of the Iruslees on. and sloned on Ils bghalf by.. 2.6.1 ':/ t6............... Jason Hood- Truslee
THE AJS CHARITABLE TRUST CASHFLOW STATEMENT As al S April 2026 2025 2024 Ire$tatedl Net income for the year 71,071 467,067 Adjustments for Interest snd dividenijs Oeere8selllncreasel in debtors Incre95elldecreasel in creditors 1114,0331 18,6631 130,1471 1108,2481 135.8931 Cash flows (used inllfrom operating activities 181,7721 322,926 Cash flows from investlng activities Interest and dlvldends Proceeds from sale of investrnents Purchase of investments 114,033 lQ8.248 129,3911 139,7771 Net cash used bylfrom investing activities 84,642 68,471 Change in cash and cash equivalents Cash and cash equivalents brought forward Cash and cash equivalents carfied foNard 2,870 1,942,239 1,945.109 391,397 1.550,e42 1,942,239
THE AJS CHARITABLE TRUST ACOUNTING POLICIES AS at 5 April 202S Basis ol preparing the financial statements The financial slalements of the charily, which is a public benefit enlrfy under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021"Accounling and Reporting by Charilies: Statement of Recommended Practice applicable lo charitie5 preparir¥J their accounls in a¢¢ordance with the Financial Reportino Standard applicable in the UK and Ihe Republic of Ireland IFRS 1021 lefleclive 1 January 20191", Financial Reporting Slandard 102 'The Financial Reporting Slaridard opplicable in the UK and RepublSc ol Ireland" and the CharS1ies Act 201 l. The finallG131 slalements have been prepared on a golng concern basis and under the h151orical cost convention with the excepllon ol inve51menls leh are included at mBrkol value. as modified by Ihe r8valu8lion of certain assets. Going Concern Ther8 is no material un¢ertainll8s aboul the charily's 8bililylo remain a going concem. Income All income is recnISed in the Statement ol Financi81 ACINI.es once the charity has enlillemenl to the funds, is probable thsl the income wll be received and the amount can be measured reliably. Expenditure Liabilities a recognised as expendllure as soon as there is a legsl or con51iuctive obllgalion Gommitllng Ihe charity to that expendirure.ll Is piobable that a Iransler ol economlc benefits wll be fequir6d in settlement the amount of the obligation can be measured reliably. Expenditure is aocounled for on an accrua15 basis and has b86n classified under Ihe headinos that aggr$g8te all costs ielated to the calegoiy. Where costs cannot be directly attribulea lo particular hoading5 they have been alkJGaled lo aclivales on a basis consistent wlh Ihe use of resources. Grants offered subject lo conditions vthich have nDI been met al the year end d81e arè noted a5 a commitment bul not a¢cred as expenditure. Taxation The charity is exempt from tax (m its charitable aclivilies. Fund Accounting Unrestricted funds can be used Sn accordAnce with the charitable oblocllves al th8 dlscr8Ion of the trustees. The expendable endowment fund has been inv6sled lo prlmarily produoe income although the Iruslees may use the fund for charitable purposes il required. Reslricled funds can only be used for a perticular reslrfcled purposes wilhin Ihe objects of the charily. Reslrklions aris& when specified by the donor or when lunds arg raisèd for particular re51ticled purpose5. Foreign Currencies Assets and liabilities in foreign currendes are translated into sleding al the rates of exchange rijling al Ihe ba18n¢e sheet date. Transactions in ftsreign currenc$ are translated into slertlng al the rale of exchange rultng al the dale ol transaclion. Exchange differences are taken into account in afriving al the operating resuS1. 10
THE AJS CHARITABLE TRUST ACOUNTING POLICIES Iconlinuedl As al 5 April 2025 Investments Inveslmenl are shown al market Value al the balance sheet dale. All gains or10sses on the rev8lu8kn.on 01 on dlsposal are included in the Stslemenl of Financial A¢tivllies Investment incofne is recognised as receivable.
THE AJS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS As al S April 2025 2025 2024 Unrestricted Resticted Tolal IieslalEd) 1 Income Gill donation Cheryl Hood Jason Hood Andrew Gossage (Reslricledl 320,000 34,650 34,650 34,650 34,650 376.000 2 Investment income Handelsbanken interest Portrollo deposit interest Unlt trust dislribulion5 84,642 68.472 29.391 114,033 39,777 108,248 3 Investment management 4 Grant6 Cardinal Heenan Calholic S¢hoDI IReslri¢iedl Explore Learning Imp8¢tledl Aur£s Tech School Reviewer Limited 43,313 29.360 3,768 3,582 1,2 70.000 5.659 1,194 81,223 105.336 5 Governance fges: Independent Examiner5 fees lor 2024125120231241 Accountancy fees lor 202412512023124) (Handelsbanken Wealth Wll Preparation of 2025 Annual Return IH8ndelsbanken Wealth Mgll Preparation ol gill aid claims Assisting with 2021122 Audit 1.380 1.948 732 440 1,332 2,808 528 5.040 5.632 12
THE AJS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS As at S April 2U25 2025 Iiesldledl 6 Analysis of Investmeni Mkt Value Mkt VJliie 81 year end al yeai. eiid LF Hb 8alanced Responsible MAF D Acc LF Hb Balanced Responsible MAF I Acc Total 1.363.947 772.254 2,136,201 1,378,107 781,808 2,159,915 The historic cosl ol these inveslmenls was £2,387,21812024.' £2.337,8261 8 Analysi5 of Investment continu•d Fixe(l a$$gt investments Market value Carry (markell value at beginning of year Add Addilions at cost Less disposals at carry value Addlldeducll net gainlllossl on disposal Addlldeducll net gainlllossl on revaluation Carry Imarkell value at end of year 2.159.915 29,391 2.128,823 39,777 53,105 2.fj36.201 8,685 2, 159,915 7 Debtors Oulslandlng gift aid refunds 8,663 8,663 8 Creditors.. amount fallillg due within one year Independenl Examiners fees for 2024125 (20231241 Accounlan¢y fees lor 202412512023124) PrepaTalion 012025 Annual Relum IHan¢elsbanken Wealth Mgll Pieparalion ol gill aid claims Donalion cornmilmenls 1,440 2,808 528 264 33,663 36,703 1,380 1,464 908 36.500 43.850 Crediiors.. amount falling due after one year Donallon commitrnenls 25.000
THE AJS CHARITABLE TRUST NOTES TO THE FINANCSAL STATEMENTS As at 5 April 2025 9 Analysis of Funds Al Prior year At 06-Apr-24 adjuslmenl 06-Apr-24 {as previously slaledl Irestatedl Income Expenditure Gainsllosses & transfers 05-Apr-25 E'xpondable endowment funds 4,041.236 175,0001 3,966,238 (53,1051 3.913,131 Reslrlcled incorne funds 43,313 143,3131 Unrestricted funds 42.067 25,000 67,067 114,033 {42,9621 138.138 50,000 4,083,303 a 4.033,303 Al Priorye8r Al Q&Apr-23 adjusiment 06-Apr-23 las previously sl*edl Istated) Income Expendrture Galnsllosses & transfers 05-Apr-24 Irestaledl Expendable endowment funds 3.849,921 175,0001 3,574.921 400,000 18,8851 3,988.236 Resiricled Income funds 70.000 {70.000} Unreslricled lunds 108,24B (41,1811 67,067 75,000 3 574,921 111 181 8,685 4,033,303 Unrestricted funds are available for use al the discrellon ol Éhe Iiuslees in the furtherance of the geneial charitable objectives, Re51rtcted funds ar6 for donations which 8re provlded for a reslflcted PUfPOSe. Expendable endowment funds are primarily invested to produix income bul may be used to fund chaiilable puiposes. 14
THE s CHARITABLE TRUST NOTES TO THE FINANcL STATEMENTS As at 5 April 2025 10 Analysls of Net A$5ets between Funds Funcf balances al 31 March 2025 are represented by.. un$'Cle Income Fund Restricted Expendable Incom2 Endowment Fund Fund Total Funds Fixed assets Current assets Current li&bilities 2,136,201 1,776,930 2,136,201 1,953,771 138,7031 176.841 138,7031 Total nel assets 138,138 3.913,131 4.051.269 Analysis of Net A55ets between Funds Fund balances al 31 March 2024 are represented by.. Unreslricl$d Funds Reslricled Reslricled General Fixed Asset Funds Funds Total Funds Tan9ible fixed assets Current assets Current118bS1illes Non current li2bl1itS Total net assfjls 2,159,915 1,806,321 2,159,915 1,942,238 143,850) 135.917 143,8501 25,QOD 67,067 3,966,236 4,033,303 11 Related Party Disclosure5 During the ye8r Mrs C Hood did not make any donations lo the chariiy12024- Mrs C Hood- £400,000 Induding gill aid) Mr A Goss8oe made a donation of £43,313 includlng Gift Ald12024 - £70,000). 12 Staff costs and Trustees. Remuneration and Benefits Theie were no employe85 01 the charity during the year. The trustees received no remuneration and were not reimbursed for any of the expense5 In the year. 13 Prlor period adlustment A prior perlod adjustment was made to recogrnise orant commitmen15 which were macte In previous years, and Ihorefore needed recognising in Ihe a¢counls. This adjustment increased nel incom8 in the prior year by £25,000. and in 2023 ieduced nel in¢ome by £75.000. As a result, reserves at 5 April 2024 weie £50,000 less. 15
Issuer
Gibson Booth
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