Stephen Hill JULIA WATF.RTIMF. TRII.ST AMENDED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023 Stephen Hill Mid Kent Lid
Julia Watertime Trust TRUSTEES, REPORT 1kne Trustees present their report and thc financial accounts for the year ended 31 March 2023. STATUS AND ADMtNISTRATION The trust was creaied following a gift of £450,000 from Ailsa Amhurst company owned bv Miss JM Creeke. Miss JM Creeke 15 entitled to apwini iNsie¢s. The funds deposiied in relation io ihe trust are to bc used as ihe irusiees nsIder fit. The Irusiees ¢ondu¢t no trading aclivities. The irusi is a registered charity (charity number 1185627). The Trusiees appointed by Miss JM Creeke & ivho have served during the year were: Julia Mary Creek¢ Timothy Nom)an Bramham Lisler FCA Clare Luciiida Christine Muir Jawnes Bremridge Chairperson Secretary & Treasurer OBJECTIVES -ro advat)¢¢ in life and help young Feople through the provision of water based recreaiional
rili LÉJiJ¥ &*¥livilL¢S ¢AIUlSiViiJ uiid liuliaays piovidcd iti the inteirst of tlicir soGial
w¢llire. d¢signed to improve their skills, capacities, confidence, capabilities, and wcll-being and io improve the conditions of life of such io parti¢ipate in sociely as maturc and resrK>nsible individual8. The seiilemenl deed of the trnst ulso gives ihe Trustees absolute power to distribute both ihe income and capiial ofthe trust for such charitable purposes as they, in Ih¢ir absoluie discreiion think fil. INVES'I"MENT POWERS & POLICY The investment policy followed by the Trustres on the advice of stockbrokers has becn to invest in fixed interest stocks and good-class equities in order lo g¢nerdle reasonable income and provide capital appreci&ion. ADVSSORS:. StockE¢okcvs Verm¢ Partm¢rs 130Jum)Tr SEW tA)thI SWIY 4UK 50liritors N¥h & Co. Lkv(A PL4 98D
Julta Waiettime Trust TRUSTEES, REPORT (continued) REVIEW FOR THE YEAR ENDED 31 March 2023 The fom)at of the financial statements ¢omplies with Stalemcnt of Recommended Practice 'Accounting & Reporting by Charilies. issued by the Charity Comfftissioners as applicable to small charitics. The Receipts & Payments form of Reporting was adopted by th¢ Trustees of this Settlement. The Income of this Charity and Grants to oiher Chariiies arc shown in ihe attached aeeounts for the year ended 31 March 2023. and the Sthtement of Assets & Liabilities at 31 March 2023 is aitached. The Trustees policy is principally io use the in¢ome {and when they consider it desirable parts of the capital) of the Trusi Fund for charithble purposes. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are r¢quired by th¢ Charities Aci 2011 io prepare financial statements for each y¢ar. which give a inte and fair view ofihe state ofaffairs of ih¢ Trusi. The Trustees are responsibl¢ for the ensurin8 that the Trust keeps proper accounting records whi¢h disclose with reasonoblo urcuro¢>' at t)ny sivcn ill¢ thr fiiiaiictal w)ilivii ufilLU TJus1 and for ensuring that the financial siatem¢nis comply with ihe Charities Aci 201 l. Ihe applicable Charities (Accounts and Rctx>rtsl Regulaiions. and Ihe provision of the constitution. The Truslees also have responsibility for safekeeping ihe asseis of the Trust and henie for taking reasonable steps for ihe prevention and deleciion of fraud and other irregularities. The Acwunis are submiiied annually lo qualified Ac¢ounlants for an Independent Examinalion of the Accounts prepared by the Treasurer, when required by the Charitsble Commission requirements. Approvd on behalf of ihe Trusiees TN B Lister FCA Trustee 31 March 2025
Julia Watertime Trust RECEIPTS & PAYMENTS ACCOUNT for the year ended 31 March 2023 2022 2023 Donations Receivcd 75.000 Investment Income:. Arising from interesi on Governmeni & Corporaie Stocks. SiockbrokeTS' Inieresi And Dividends 20.221 26.308 Totsl Receipts 20 ioi Expenditure in furtherance of the objeciives of this Chariry: Donations to regisiered Charities & Expenses Involved in raising sponsorship to b¢nefii charili¢s 5.000 Mana¥ement & Administraiions C¢)sts of this Charity: Trustees. Management fees & expense4 & legal costs Total Expenditur¢ Ex¢ess ol'Receipls over Expenditure 13 89 Profitl(Loss) on sale of Shares 1.841 Nei Chang¢ in Fund5 89
Julia Watertime Trust Siatement f A ts & Liabili ¢s at 3 I March 2023 2022 2023 h fundJ'.- Cash at Bank Cash with Stockbrokers 10.984 771 vestment A Is Quoted Inv¢slmeni portfolio Including fixed intercsi siocks & equilies lat cosi) Market Value of Portfolio 2022.. £513,531 2023: £580.356 Lia Trustees. & Examiner 5 fees
Julia Wa*rtime Tn IIYDEPENDENT EXAMINERS REPORT TO THE TRUSTEES I report ro the trustc¢s on my exatninalion of the accounts of the aiKTrve tn( for the year end¢d i151 Mah 202i. which are S out on the attached Sh$. RESPONSIBILITIES Af4D BASIS OF REPORT As the charity's trustees, you are resw)nsible for the Preparation of the accounts in accordance with the requircm¢nts of the Charili¢s Act 2011 ('Ihe Act"). I report in resp1 of my examinaiion of the Trust's accounts carried out under section 145 of Ihe 201 l Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5Kb) of Ihe Act. INDEPF,NDENT EXAMINER'S STATEMENT I have completed my examination. I confinn that no material matter5 have come to my attention in conneciion with the examinaiion which gives me cause io believe that in, any material respect: the accounting records were noi kept in accordance wilh section 130 of the Charities th¢ uccountj did not cl willi dic uLwuwiiin¥ reLords: or Ihe accounis did noi comply with the applicable requiremen15 concerning the form and content ofaccounis set out in the Chariti¢s (Accounts and Rewrtsl Regulation5 2008 other ihan any r¢quiremeni ihai the accounis give a 'lrue and fair. vicw which is not a mailer considered as part of an ind¢pend¢nt examinaiion. I have rko ¢on¢ems and have come across no othcr matters in connection with the examinaiion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. IndcpeDd¢ni ExirniDer P¢t¢r ShilllrAsl4 Stephen Hlll lId Kent Ltd 31-33 Albion Pl¥¢e Sittingbourne Rd MgidstoNe. Kent ME14 SDZ Date: 31 March 202S