Stephen Hill JULIA WATERTIMF. TRUST FINANCIAL STATEMENTS FOR I'HE YEAR ENDED 31 March 2024 Stephen Hill Mid Keni Lid
Julia Waterttme Trust TRUSTEES"" REPORT Th¢ TrUs present their rert and the fin9claI xcounts for the year ended 31 March 2024. STATUS AND ADMINISTRATION The Irust was created following a gift of £450.000 from Ailsa Amhurst Ltd a company owned by Miss JM Cr¢ek¢. Mi&s JM Creeke is ¢niiil¢d io appoint iNstees. The tunds deposited in relation to the trust are to be used as the trustees consider fit. The Irustees conduct no trading activities. The trust is a registered charity {charity number 1185627)- The Trust¢es apwinied by Miss JM Creek¢ & who have served during the year w¢r¢'. Julia Mary Cr¢¢ke Timoihy Nomjan Bramham Lisier FCA Clare Lucinda Christine Muir James Bremridge Chairperson Secrethry & Treasurer OBJECTIVES To advance in life and help young people through the provision of war based recreational and leisurc time octivhtie9 excursions ond holidays provid¢d in th¢ int¢r¢$i of th¢ir so¢ial welfare, designed io improve their skill& capacilies, confidenc< capabilities, and well-king and lo improv¢ the ¢onditions ofiife of such io panicipaie in s(Kieiy as mature and responsible individuals. The settlcment decd of the irusi also gives the-frustees absolute power io disiribuie both the income and capit81 of the trusi for such charitable purrrf)ses as thcy, in thcir ab501uie discretion think fil. INVESTMENT POWERS & POLICY The investment policy followed by the Trustees on the advice of stockbrokers has been to invL5t in fixcd interest Stocks and gi)od<1&55 equities in order to generale reasonable in¢ome and provide ¢apital appreci10n. ADVISORS:. StOkers Vermecr PxEncr& 130 jern Stsrc4 SWIY 4UR Soliciwr5 N¥h & Co. Bew)[) P•JL Ply•b PL4 9BD
Julia Wakrtime Trust TRUSTEES, REPORT (continu¢d) REVIEW FOR THE YEAR ENDED 31 March 2024 The fonnat of th¢ finan¢ial ststements Complies with Statement of Re¢ommended Pra¢ti¢e 'A¢¢ouniing & Reporting by Charities" issued by ihe Chariiv Commissioners as appli¢able to small chariiies. The Receipts & Pa)'menis fomi of Reporting was adopted by the Trustees of this S¢ttl¢ment. The Income of this Charity and Grants to other Charities are shown in the attached accounts for the year ended 31 March 2024, and thc Statement of Assets & Liabilities at 31 March 2024 is atla¢hed. The Trusiees, policy is principally lo use the iT]eome (and when they Consider it de5ir&bl¢ parts of the Capi1) olihe Trusi Fund for chariiable purposes. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are required by the Charilies Act 201 I to prepare financial staiemenls for each year, which give a true and fair vicw of the state of affairs of the Trust. The Trustee5 are responsible for the cnsuring that the Trust keeps proper accounting records ¥vlii¥li diJLlvyr willi J¢ayJiiublr al aity ¥iv¢ii liiiir tli¢ rjiiaji4I yuJii¢vii vfili¥ Ti uJl and for en5Liring thal the financial slalemenls comply w'iih ihe Charilics Act 201 I, the applicable Charities IA¢¢ounts and R¢EK)rts) R¢gulation& and the provision of the ¢onslilulion.'fhe'l'rusiees also have responsibility for safekeeping ihe assels of the Trust and hcnce for taking reasonable steps for ihe preveniion and deieLiion of fraud and oiher irregularilies. Thc Accounts are submitted annually to qualificd Accountants for an Independent Examination of the Accounts prepared by the Treasurer, when required by the Charitable Commission requircmenls. Approved on behalf ot the Trustees T N B Lister FCA Trusle¢ 31 March 2025
Julia WAtertime Tr RECEIPTS & PAYMENTS ACCOUNT for the year ended 31 March 2024 2023 2024 Donations Received 75,000 Invesimenl In¢ome'.- Arising from intcresi on Government & Corw)rat¢ St(Kks, Stockbrokers. InEerest And Dividends 26.308 25.988 Total Receipts ioi Expenditure in furtherance of the objeciives of this Charily:" Donations to re81Cred Charities & Expenses Involved in raisinR sponsorship io benefit charities 5.000 8,900 Management & Administrations Cosis of this Charity:" Truste¢s' Manag¢meni fees & expense& & legal costs Toial Expenditure 17 Excess of Receipis over Expenditure 89 Profitl(Loss) on sale of Shares (14,105) Nei Change in Funds 89
Julia Watertime Trust Stalement of Assets & Liabilili¢s at 31 Mar¢h 2024 2023 2024 Cash Funds'.- Cash at Bank Cash wilh Stockbrokers 10.984 21,086 Investment Assels Quotcd Investmeni portfolio Including fixed inierest stocks & equities (at costl mark Value of Portfolio 538 754 530 246 2023- £580,356 2024: £609,241 Liabilities Trustees, & Examiner's fees
Julia Wa*rtime Tru INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES l [cri 10 th¢ ITUSI¢¢S on my examination of th¢ acwunts of th¢ above trust for ihc ycar ¢n(kd i151 March 2024, which are s¢1 Qui on ihe attachal sheets. RESPONSIBILITIES AND BASIS OF REPORT As the chariry's trustees. you are re5FK)nsible for the preparation of the accounts in COrdance wilh the requirements of the Charities Aci 2011 ('llhe Act"). I repon in res of my examination of ihe Trust's aUnts caThied out undcr Se¢iion 145 of the 2011 ACÉ and in carrying out mv examinaiion. I hav¢ followed all the applicuble Directions given by the Charity Commission under seciion 145{51(b) of the Act. INDEPENDEiYf EXAMINER'S STATEMENT I hav¢ wmpl¢ted my examination. I confirn) that no material matters have come to my aitention in ¢onn¢thion with the examinAtion which gives me ¢ause to believe thai in, any material respect.. the accounting r¢wrds were noi kept in accordance with section 130 of the Charities A¢i- or (l)C aLiI)Ullts did not uGGord with th¢ &¢countinB rccordJ' or the accounis did not ¢omply with the applicable requirements concerning the fom and content of accounts sel out in the Charilics (Accounis and Reports) Regulations 2008 other than any requiremeni Ihai lh¢ ac¢ounts give a 'inJe and fair, view which is not a mailer considcrcd as part of an indcp¢ndeni examinalion. I have no concerns and have Come across no oiher mattcrs in Connection with the examination to which aiieniion should be drdwn in this report in order to cnabl¢ a proper und¢rstsnding of the accounls to be reached. Independent Eximiner P¢l¢i Sliilliii¥lA Stcphen Hill Mld Keni Lid 31-33 Albion Place Sittingbourne Rd M¥id$ton¢, K¢nt P4lE14 SDZ Date- 31 March 2025