REGISTERED COMPANY NUMBER.. CE022375 {EnglAnd And Wglesl RECISTERED CHAIUTY NUMBER: 1190223 Report of the Trustees and Financial Statemcnts for ihe Year Ended 31 De£emE¢r 2022 for Joseph Toomey Charitable Foundation MHA Slatutory Auditors Colchester United Kingdom
Joseph Toomey Charitable Foundation Contents of the Financial Ststements for the Year End¢d 31 December 2022 Page Report of the TNstees Report of the Indcpcndcnt Auditors stsicment of Financial Activities Balance Sheet Cash Flow Stat¢m¢nt Notes io the Cash Flow Stthrnent 10 Notes io the Financial Statements Detaild Statement of Financial Aclivilics 17
Joseph Toomey Charitable Foundation Report of the Tru5t¢es for the Year Bnded 31 December 2022 The trustees who are also dire£tors of ihe chariry for the purposes of the Cornpanie5 Act 2006. present their report wilh the finan¢ia] statements of the charity for the y¢aT ¢nd¢d 31 December 2022. The trustees have adopled the provisions of Accountin8 and Reporting by ChaTlties.. Statcrnenl of Recornrnended Practice applicable to chari11¢5 pr¢p2ring iheir accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 1021 {effe¢iive l January 20191. OBJECTIVES AND AcfiviTIES Objective5 and aims The objective of the charity is to lieve th¢ n¢eds of elderly person5 through the provision of low-cost home ownership and associad services io address their need Signifieant activities Thesc financial s¢ai¢ments ¢overa significant year in the life of the chaiity. In the prior period the charity received the ordinary shares of MJT Securiiies Limited. During the year the ¢harity Te¢eived a signifi¢ant dona¢ion from the company. The trustees h&ve spent time during the year developing vaTiOUS ptslicses and operntionaj documents required for the ¢haTity io funciion. No charitable expenditure was ineurred during the year. The trustees expect charitable expenditure will k incurred in 2023. Publlt beneflt The trustees have had regard to th¢ Chatity Commission's guidance on publi¢ benefit. STRATEGIC REPORT Financial position The charity received a significant donation on the l&st day of the finan¢ial year. This donation has been held as a bank deposit whilst the charity ha5 developed the vaTiOU5 policie5 and procedures which wll govem futu chariiable endeavour5. Rtservts polÉcy Th¢ charity opcrates a resetw¢ poli¢y to ¢nsur¢ that suffJ¢i¢nt funds are held for ¢ommitted ¢haritsble expenditure and operdtional costs. Unrestricted reserves of £479,994 held at the period end. Going concern The accounts haw¢ been ppared on a going concem basis os the irustees believ¢ that reserves held are deemed to be sufficicnl for ture plans. STRUCTURE, COVERNANCE AND MANAGEMENT Coverning document The charity is controlled by its 8ovemin8 document, a dced of tswst, and eonstitutcs a limited company, lirnited by guarantee. a5 defined by thc Companies Act 2006.
Joseph Toomey Charitable Foundation Report of the Trustecs for the Y¢ar Ended 31 De¢ember 2022 STRUCTURE. GOVERNAPICE AND MANAGEMENT Rccruitmtnt and appointment of new trustees The charity wa5 incorporaicd with a board of eleven original ch8riiy trustees. The tsustecs comprise family members of Michael Toomey, Clerical Members of the Rornan Catholic Church and executiv¢ and non-exe¢uiive directors ef the founding company. The trustees are aware that additional tru5t¢¢s, taken from the 8roupin8s above, will be able to provide additional skills and knowlcdge to enable the charity to meet the objectives set out in the constitutiort. Since incorporation, a number of new trusiees have been identified and welcomed to th¢ board, having met the eligibiliry cmteria s¢1 out in the constituiion. REFERENCE AND ADMINISTRA TtVE DETAILS R¢gist¢red cOPanY number CE022375 (England and Wales) R¢gl$t¢red Charity number 1190223 Registered office Service House West Mayn¢ B&sildon Essex SSI56RW Trustee5 P J Plant J P Brook P M Toomey C Griffiths J Cry)ss J R'foorney S J De¢elis D T Martine IRCain Rt Rev A Williams Rev D Kclly T A GTitTiths (appointed 5.4.20221 C A Cross18ppoin*d 5.4.2022) E R Toomey (appointed 5.4.20221 Senior Statutory Auditor Cara Miller ACCA Auditors MHA Siatutory Auditors ColchtSt¢r United Kingdom
Joseph Toomey Charitable Foundation R¢port of the Trustees for the Year Ended 31 December 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES The inJstee5 Iwho are a150 the directors of Joseph Toom¢y Chariiable Foundation for the purposes of company law} are responsible for preparing the Report of the Trustees and the financial 5tatem¢nts in accordance wilh applicable law and Uni*d Kingdom Aeeout)tin8 Stsndards (United Kin8dom Generally Accepted Accountin8 Practiee). Company law requiTes the tnjstees to prepar¢ financi31 statements for eaeh financial ycar which 8ive a true and fair view of the stste of affairs ofthe charitable company and of the incoming resources and applthcation of re50ur¢es, tncluding rh¢ incom¢ and ¢xpenditur¢, of the chai'itable company for that period. In preparing th0 financial statements, the trustees are required to seleci suitable accoLtnlin8 polictes and then apply them wn515tcntlyi observe ihe methods and principles in the Charity SORP: makejudgements and estimaw that are reasonable and Prudent.. State wheiheT applicable accounting stsndw'ds have been followed, subject io any material departur¢5 disc105ed and explained in the rinan¢ial 5taternents', prepare the financial stalem¢nts on the going concern basis unless it is inappropriaie to presum¢ that the charitable company will continuc in business. The tnjsiees are responsible for keeping proper w>unting records which disclose wth rettstsnablc accuracy at Y tiTiJe the finan¢iaJ position of the ¢h)ritable company and to enable them to ensure iha¢ the financial statements comply with the Companies Act 2006. They are also Te5ponsible for safeguarding ihe eLs of the ¢haritsble company and hence for taking reasonablc 51eps for the prevention and dete¢tion of fraud and othcT Irregularities. In so far a5 the tn]stees are aware.. there is no relevant audii ittfomigtion of whi¢h the charitable company's auditors are unaw8re' 8nd the Irusiees have t4k¢n all Steps that they ought lo have taken to make themselves aware of any Jtl¢vant audit infom)ation and to establish thal auditOT5 ar¢ aware of that infomiation. AUDITORS Following a rebrandin8 ¢x¢rctse on 15 May 2023 the trading name of the compeny's independent auditor chan8cd from MHA Maclntyre Hudson to MHA and offer themselves for reappoinlment. Report of the tru5tccs, incorporatin8 a strategic rtwrt, approv¢d by OTder of the board of tstee5, as the company diTe¢tOTS, 18 May 2023 and 518ned on the board's behalf by.. CL TTU5tee
Report of the Independent Auditors to the Members of Joseph Toomey Charitablc Founddtio Opinion Wc have audited the financial Statements of Joseph Toom¢y Charitable Foundation (the 'charttsble ¢ompgny'l for the year ended 31 December 2022 which comprise th¢ Statement of Financial Activitie5. the Balance SheeL the Cash flow Stalement and notes to the finan¢ial statements. including a summary of signifTCallt accounting policies, The financial reporting framework that has bcen applied in their preparation is applicable law and United Kingdom Accounting Stsndards (Ullited Kingdom Gcncrally Aeccpted Accounting Practice). In our opinion the financial staternents.. give a true and fair view of the state of the Charitable company's affairs as ai 31 December 2022 and of its incoming TesouTCC5 and application of resour¢¢s, including It5 income and expenditure, foT the year then cnded. have been propcrly prepared in accoTdan¢e with United Kingdom Generdlly Accepied Ac¢ountin8 Pra¢ti¢e' and have bren prepared tn accordance with the requiretnent5 ofthe Companies Act 2W6. Basls for op¥nion We conducied our audit in accordance with Inlernètional Standards OTh Auditin8 (UK) (ISA5 (UKI} and applicable law. Our responsibilities under those standards are further described in the AuditOT5' responsibilitics for the audit of the fjnancial statements section of our report. We are ind¢pendent of the charitable company in ac¢ordan¢e with the ethical requirements that aTe relevant io OUT audit of the financial statements in the UK, including th¢ FRC'S E¢hi¢al Standard. and we have fulfilled our other ethical re8pon5ibilities in attoTdancc with the requirements. We believe that ihe #udit evidence we have obtained is sU1¢ient and appropriate to provide basis for our opinion. Coneluslons r¢lgtlng to going concern In audiiing the financial Mat¢tn¢nt5, Wt have concluded th&t the trustees, use of the going concem b1$ of a¢¢ounting in the preporaiion of the financial s&iements is appTopriat¢. Bascd on the work we have rf0cd. we have not identified any Tnaterial uncertaintle5 relating to events or conditions thaL individually or ¢olleciively. May cast 5t8nificant doubt on the charitable ¢ornpany's ability to continue a5 a 80in8 concern for a period of at legst iwelve months from when the fin8n¢ial stsiements are authorised for i&sue. OUT r¢5ponsibilities and the responsibilities of the tNstees with respect to 80in8 concern are described in the relevBn¢ sections of this report. Othtr Inform4tloJb The trustees are responsible for the other infonnation. The other infomiation ¢ornprises the infonnation included in the Annual Report. other than the financial statements and our Report of the Independent Audiiofs thereon. Our opinion on the financial statements doc5 not Bover the other information and, except to the exnI otherwise explicitly ststed in our reporl w¢ do no¢ express any form of 855ufdncc conclusion thereon. ID conneciion with OUT audit of the financial ateMents, our Tesponsibility 15 to read the other information and, in doing so, consid¢r bethcr the other infomiaiion 1$ m21eri8lly inci)n515tcni with the financial slatemenls or our knowledge obtsined itt the audit or oth¢n¥is¢ appears to bc materially mi55tated. If we identify such material inconsisiencies or apparent rnai¢rial mi¢31¢ments, we are required to detemiine whether this gives rise to a rnaterial misstalernent in the financial statemert15 th¢ms¢lves. If, based on the work we have performed, we conclude that there is a material mi&statement of thi5 other infomiation, we are rtquired to report thai fa¢L We have nothing to report in this regard. Opinions on oth¢r m#tt¢r5 pre5tribed by the Companles Att 21)06 In our opinion, based on the work undertaken tn the course pf the audit.. the inforrnation given in the Report of the Trust¢es for ihe financi81 year for whieh the flnancial stat¢me#is are prepared is Consistent with the financial statements., and the Report of the frustees has been prep8red in accordance with applieable le8al requirem¢nts.
REporl ofthe Independent Auditors th¢ Membets of Joseph Toomey Charithble Foundation Matters on whith we are r¢qllired io r¢port by exception In the light of thc knowl¢dg¢ and understanding ot the charitable company And its environment obtained in the ¢ourse of the audit, we have not identifid material mi55taternents in the Rcport of the Trustees. Wt have nothing to r¢port in of the following matters where the Companies Act 2006 require5 US to report to you if. in our opinion.. adequate a¢¢ouDting rewrds have not been kept or returns adequate for our audit have not been received from brancks not V15ited by us,. or the financial Statements are not in agreem¢nt with the a¢¢ounting records and returns,. or cetttsin dis¢losurts of trus¢ees' rnuneratIOn specified bylaw arc not made.. or we have not reccived all the inforniation and explanations we require for ovraudit. Responslblliiles of tru$tees As explnd more fully in the Statement of Trustees, Responsibilities, the itustees (who e also the directors of the charitable company for th¢ purposes of company lawl are responsible for the prep8ration of the financial statements gnd for being saiisfied that they give ttvc and fair vsew, and for such int¢mal control a5 the trustees del¢rnin¢ is neccssary to enable the preparation of finanrial sts¢ements that are free from material rni5Statemenl, whether due to frdud or em)r. In preparing the financi statements. the trustees ar¢ responsible for assessing the ¢harilable company's ability to continue as a going concern. disclo8in& as applicable, matiers related to going concem and using the goin8 ¢oncern b¥is of accountin8 unlc55 the tru5te¢5 either intcnd io liquidate the charitable company or to cease operations, or hove no reI$ll¢ allealive but 10 do so. Our re5ponsibllS¢t¢s for th¢ #udit ofthe fioanelal stAttmtnts Our objectives are to obtain reasonable urance about whether the financial staternents as a whole are free from material misstatement. whether due lo fraud or error. and io issue a Report of the Independent Auditors that includes our opinion. R¢a50nable assuraDC¢ is a high level of assurance, but is noi a guarantee thai an audii conducted in 8ccord2nce with ISAS (UK) will alwdy5 delect a materia] misststemenl when il exists. Mis$12lemenis can arise from fraud or error and are considered material if, individually OT in the aggregat¢, they ¢ould r¢a50nably bc Ex¢tEd to influence the economic d¢cisions of us¢rs token on the ba51$ of thes¢ financial statements. The exient io which ourpro¢edures are ¢apoble of dete¢¢ing itTegularities, including fraud is detsil¢d below.. - Enquiry of management and those charged wih governance around actual and potential litigauon and ¢laims,' Performing audit work over the risk of rnana8em¢nt override of controls, includin8 testing of journal entries and o¢h¢r adjustments for appropriatenes& evaluating the business ratiortale of signifi¢ant transactions outside the nomial course of business and reviewing awounting estima$ for bias. Reviewing Tninutes of rntetings of those Charged with govemance. and Reviewing financial 51atement disc105UT¢5 and trsting 10 5UPPOrtiDg dorumentstiort 10 sssess ¢ompliance with applicable laws and regulatiODS. Because of the inherent limitations of an audit. there is a risk that w¢ will not detttt all irtgulAriti¢s, including those leading to a material misstatement in the financial statementg OT non-compliance with regulation. This risk incTeas&s the more ihei compliance with law or re8ulaiion is removed from the events and trnnsa¢tions r¢flected in ihe financial 5tat¢menl& as we will be le55 lik¢ly to become aware of instsn¢es ol nort-complian¢e. The risk is also greater regarding inegularities occurring due to fraud rather than error. a5 fraud involves int¢n¢ional conccalm¢nL forgery. collusion. omission or rnisrepTe5¢ntation. A further description of our respon5ibilitie5 for the audit of the financial statements 15 locaied on the Financial Reporting Council. website at www.frc.or8.uklauditorsresponsibilities. This description forms part of our R¢port of the Independent Auditors. Following a rebrandin8 exercise on 15 May 2023 the trddin8 name of the company's ind¢pcnd¢nt auditor changed from MHA MatIntyre Hudson to MHA and offer themselves for appOIntMent.
Report of the Independent Auditors 10 ihe MeTnbers of Joseph Toomey Charithble Foundation Use of our report This report is made solely to the ¢harithble company'5 rnember5. a body, in accordance with Chapier 3 of Part 16 of the Cotnpsnies Act 2006. Our audit work has ken undertaken 50 that we might state to the ¢haritable company's members those maiters we are Tequired io stale io them in an auditors, report and for no other purpose. To ihe fvllest extent perrnitted by law, we do noi accept or a55urne responsibility to anyone oth¢T than the charitable company and the chArithble Company's members as a body, for OUT audil work, for this reporL or for the opinions we have fomied. Cara Miller ACCA Isenior Statutory Audiior) for and on behalf ofMHA Ststutory Auditor5 Col¢hest¢r Datr.. 30 May..2023 MHA is the dIng name of Maclntyre Hud50n LLP, a limited liability partnership in England and Wales (registered numbcr OC3123131
Joseph Toomey Ch&ritable Foundation Statement of Finan¢iaJ A¢iivilies for the Year EndEd 31 December 2022 Period 1.4.21 Ycar Ended 31.12.21 To nds Unrcstricted fund Notes INCOME AND ENDOWMENTS FROM Donatiens and lega¢i¢s 252,520 260,501 EXPENDITURE ON Raising funds 78 18 Other 24,531 8,4tM) Totsl 24,609 8,418 NET INCOME 227,911 252.083 RECONCILIATION OF FUNDS Total funds broughi forward 252,083 TOTAL FUNDS CARRIED FORWARD 479,994 252,083 The notes forrn part of thrse financial staternents
Joseph Toomey Charitable Foundation Balance Sheet 31 De¢¢mber 2022 2022 Totsl nds 2021 Totsi funds Notes FIXED ASSETS Jnvesimenis 10,001 10.(K>i CURRENT ASSETS Ch at bank 475,633 250,482 CREDITORS Amounts falling du¢ within one year 10 15.640) (8,4W} NET CURRENT ASSETS 469,993 242,082 TOTAL ASSETS LESS CURRENT LIABILITIES 479,994 252.083 NET ASSETS 479.994 252,083 FUIYDS Unrestri¢ied funds 479,994 252,083 TOTAL FUNDS 479.994 252,083 The financial siat¢ments wer¢ approved by the Board of Trustecs and authorised for iwue on 18 May 2023 and were Signed on its behalf by.. Trustee The note5 form part of these finan¢ial stsi¢mes)ts
Joseph Toomey Charilable Foundation Cash Flow Statement for the Y¢or Ended 31 December 2022 Period 1.4.21 Year Ended 31.12.22 31.12.21 Notes C#sh nows from operatthg A¢tlvltl Cash 8cncraled from operations 225,151 250.482 Net cash provided by operatin8 activitie8 225,151 250,482 Change In cash And cgsh e4ulvalents In ihe rtportlttg period Cash and tash equivAlents at the btglnnlng or the reporting period 225,151 250,482 250,482 Cash #nd cash equivalents &t the end of the rtportlng perlod 475.633 250,482 The noies fom) part of thes¢ financial slements
Joseph Toomey Charilable Foundation Not¢s to the Cash Flow Statement for the Yetr Ended 31 D¢cember 2022 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERA TING ACTIVITIES Period 1.4.21 Y¢ar Ended 31.12.22 N¢¢ income for the reporting period las per the StAtement of FlnAnclal Activities} Adjustments for: Investment received a5 donation (DecTcaseyincrease in credTrtors 227,911 252.083 (lo,1) 8,400 (2.7601 Net e4$h provlded by operation5 225,151 250.482 ANALYSISOFCHANCES IN IYET FUNDS At 1.1.22 Cash tlow At31.12.22 Net ¢85h Cash at bank 250.482 225,151 475,633 250.482 225,151 475,633 Total 250,482 225,151 475.633 The notes fomi part of these financial statemcnts 10
Joseph Toomey Charitable Foundation Notes to the Financial Statements for the Y¢gr F.nded 31 December 2022 ACCOUNTING POLICIL8 BA51$ of prtpArlng th¢ finArt¢i#l $t#t¢m¢Ats The financial stOl¢ments of the charitable ¢ompany, which 15 a public bcnefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reportin8 by Charities.. Ststement of Recommended Pr8¢tice applicable to charities preparing their accounts in accordancc with ihc Financial Rcporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffectiv¢ l Jsmuary 20191,, Financial Reporting Standard 102 'Tr Financial Reporting Standard applicable in the Lll( and Republi¢ of Ireland, and the CoTnpani¢s Act 2006. The financiaI statements have been PTeparcd undcr the historical cost conventiim, with the exception of investments, sce notc 10. Preprtion of con501idated financial Statements The fixed asset investment relatC5 to a gsft of 100 percent of the ordinary share Capit of MJT SecuTlties Limid. The trusiees hav¢ no¢ Consolidaied the results of Mrr Securilies Limited, having taken advanla8e of Section 3.26 of th¢ Charity SOR, on the basis that ¢oosolidaLion would not provide a and fair view due to the restriciions surroundin8 the gift. Intome All tn¢ome is re¢ognis¢d in th¢ SthtemenL of Finan¢ial Activiti¢5 onee the charity ha5 entitlement to the funds, it is probable thai the income will be received at)d the amount can b¢ measured reliably. Expenditure Liabilities arc recognised as expendituK a5 soon a5 there is a legal or constructive obl?gatiOll COTnmitting thc charity to thai expenditure. it is probable thai a tran5fcr of economic benefits will required in ttlement and the omount of the obligation can be measured reliably. Expenditure is accountcd for on an accruals basi5 and has been ¢lassifi¢d under headings that aggrega all cost related to the cate80ry. Where costs cannot be directly attributed to particular h¢adin8S they have been allocaied to aclivilies on a basis consistent with the use of resour5. T4Xtio The charity is exempt from ¢orpoMtion M on its ¢haritsble activities. Fund ¢¢ountlng Unresiri¢ted fvnds can be used in accordance with the charitable objeetives at the discretion of the tTUSlee5. Restricted funds can only be used for particular restricted purp05e5 Wlthin the obje¢ts ol the ¢haTity. Restrictions arise when specified by the donororwhen fimds are raised for particular re5trict¢d puryose5. Further explanation of the nature and pUoSe of each fund 15 included in the notes to ihe financial statements. Going concern The aecounis have been prepared on the Going conccm basis as the level of reserves held are deemed sufficient for future plans. Flxed Asset Investments The fixed &sset inwestm¢nt relate5 to 8 gift of 100 percent of the ordinary Share capital of Securili&s LImid. The gift ha5 been valued at par value as ihe trustee5 believe that the restri¢iions sutTotsndinB th¢ Sift results in thc charity not bein8 able to benefjt from the rnarket value of MJT Securities Limited. coniinued...
Joseph Toomey Charitsble Foundation Notes the Financial Statements- eontinued for the Year Ended 31 De¢emb¢r 2022 DONATIONS AND LECACIL8 Period 1.4.21 Year Ended 31.12.22 31.12.21 Gift5 Donations 10.ooi 250,5tx) 252,520 252,520 260.501 RAISING FUNDS Inv¢stDbent m#naeem¢nt cost5 Period 1.4.21 to 31.12.21 Year Ended 31.12.22 Support costs 78 18 SUPPORT cosrs Govemanc¢ $t$ Finan¢e Totsjs Investment mana8ement costs Other resources expended 78 78 24.531 24,531 78 24.531 24,609 AUDITORS, REMUNERATION Periiyj 1.4.21 to 31.12.21 Year Ended 31.12.22 Fees payabl¢ to the charity'5 auditors gnd their associates for the audit ol'the charity's financia15tat¢Tnents 5,280 8.400 12 continued...
Joseph Toomey Charitable Foundation Nok5 to the Financial Ststements. Continued for the Year Ended 31 December 2022 TRUSTEES, REMUNEIL4TION AND BENEFITS TheTe were no tru5tees' remuneration or other benefits for the year ended 31 December 2022 nor for the period ended 31 Dec¢mber 2021. Trustees, expens There were no trustee5' expense5 paid for th¢ year ended 31 Dec¢rnber 2022 nor for the peri(NJ ended 31 DecernbeT 2021. EMPLOYEES Thc charity did not employ sny ir the Current or precedin8 peri(NJ and therefore th¢re w¢re no employees who received benefits of mor¢ than £60,INX>, COMPA]L4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 260,501 EXPENDITURE ON Raising fvnds 18 Oth¢r 8,400 Total 8,418 NET INCOME 252,083 TOTAL FUNDS CARIUED FORWARD 2S2.083 13 continued...
Joseph Toomey Charitable Foundation Notes to the Financial Stsiements. continued for the Year Ended 31 December 2022 FIXED ASSET INVEsfMENTS Unli5t¢d investments MARKETVALUE At l January 2022 and 31 December 2022 10,001 NET BOOK VALUE At 31 December 2022 10,001 At 31 D¢¢¢mber 2021 10,i)01 Th¢ were no investh)ent assets outside the UK. The fjxed a55et investment relates to the share capital held by the charity of MJT Se¢uNties Limit¢d. This investment constitutes I0/0 of the ordinary share capiial of MJT Se¢urilies Limited. The results of MJT S¢¢uriti¢s Limited have noi been consolidated irtto thes¢ firHn¢ial 5tattTn¢nts. Thi5 is due to the charity not having th¢ power to govern dire¢1 the financial or operalional activitie8 of MYf Securities l.imited under any statute or agr¢¢ment, è5 the operational poli¢ies of MJT Securities Limikd are det¢miined and directed by the Directors of MJT Securities Limi*d. Joseph Toomey Charitable Foundaiion and MJf Sccuriiies Limited do not operatr as a Single entity and Ihe risks gnd rewords of MJT Se¢urities are t)oi those of Ihc charity. During the peritsj the charity r¢¢cid a signific2nt donation from Mif Sccuritics Limited. MJT Securiiies Limited is r¢8lSter¢d in EnglArtd and Wales 8nd its financiAI siatemenis are av&ilable from Companies House. io. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Tydde creditors Accruals and defetTed income 320 5.320 8,400 5,640 8,400 MOVEMENT IN FUNDS Net movement in fund5 At 31.12.22 At 1.1.22 Unrestricted funds Gen¢rdl fund 252,083 227.911 479,994 TOTAL FUNDS 252,083 227,911 479.994 14 ntinued...
Joseph Toomey Charitable Foundation Notes io the Financial Staternents- continued for the Year Ended 31 December 2022 MOVEMENT IN FUNDS- continu&l Net movement in funds, included in th¢ above arc as follows: Incoming resources ResouNxs expended Movement in funds UDre$trStttd fund$ General fund 252,520 {24,6091 227.911 TOTAL FUNDS 252,520 124,6091 227,911 Comparatives for movement in funds Net movemeni in fund5 At 31.12.21 Al 1.4.21 Unrtstricted funds General fund 252.083 252,083 TOTAL FUNDS 252,083 252,083 Comparative net movcrnent in funds. included in the above are as follows.. In¢oming Tesour¢es Rwurc¢5 cxpcnded Movement in fijnds Unrestricted funds Gen¢ral fund 260,301 (8.4181 252,083 TOTAL FUNDS 260.501 (8,4181 252.083 15 continued...
Joseph Toomey Charitable Foundation Note5 to the Financial Ststements- continued for the Year Ended 31 D¢¢ember 2022 12. RELATED PARTY DISCLOSURES There werc no related party trat)sactions forihe year ended 31 Decernber 2022, 16
Joseph Toom¢y Charitable Foundation Detailed Statrmetst of Financial Activities for the Ytsr Endd 31 Decernbcr 2022 PeTiod 1.4.21 to 31.12.21 Year Ended 31.12.22 JNCOME AND ENDOWMENTS Dongtlotss legacit$ Gifts Donations io.ooi 250,500 252J20 252.520 260,501 Total incomlDg resouree$ 252,520 260,501 EXPENDITURE Support costs Finance Bank charges 78 18 Govtnkxhe¢ ¢05ts Auditors. Temuncration LegAI fees 5,280 19,251 8,4( 24,531 8,4(K> Total resou¢S expended 24,609 8,418 N¢t In¢ome 227.911 252,083 Thi5 page doe5 not form part of the statutory financial statements 17