R•gl$tsr•d numbor. CE022376
Charity numb•r: 1190223
JOSEPH TOOMEY CHARITABLE FOUNDATION
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

JOSEPH TOOMEY CHARITABLE FOUNDATION
CONTENTS
Pag8
ROfornn￿ and Admlnl8trattv• D•lall8 of th• Companyi Its Trust••s and Advl•?rn
Trugtees. Report
Trusteeg. R05ponsibiliti•s Statement
Independent Audito￿8 Report on the Flnanclal Statomonts
stat•m•nt of Flnanclal A¢tivitl•s
Balance Shoot
10-11
ststornont of Calh Flowj
12
Noto¥ to thg Financial St#tsmonts
13-21

JOSEPH TOOMEY CHAR￿ABLE FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Truslees who ara also dirfydors of Ihg charitabla company for th8 purposes of Ihe Companie5 Act 20[8.
present theSr annual report together with the audited finan<xal slalements of thè Jo$eph Toomey Charitable
Foundation lor the year 1 January 2024 10 31 December 2C124.
The Annual Report serves Ihe purposes of both a Trustees, report and a directors, Teport under wmpany law.
The Trustees confirm that the Annual Report and finanrAal Statements ol the charitable company complywilh the
¢urrent stalulory requirements, the raquirements of th& charitablo companls goveming docurnenl and the
prowsions of the Statement of Recommended Practi¢e (SORP} applicable lo charities preparlng their accounts
In accordance with the Finan￿al Reporting Standard appllcablg In the UK and Rgpublic of Irgland IFRS102)
{eff8ctiva 1 January 20191.
OBJECTIVES AND ACTM71ES
a. Obl¢¢tlvfr8 and alm8
The oblectlve of the charity is to relieve the needs of elderly persons through the provision of bw-cosl home
ownership and a550cialBd seNcgs lo address their noedg.
b. Slgntficant actfv5tl•s
Followbng on frorn our successful as$odatitsn with Chelmsford Cilvzen'5 A(fvice in 2023. the Trustees have
rèfined the proces$ further lo en8ble More projeds lo be carried out, whilst minirnising risk to the Charity.
Tha Trusl8&s app¢inled Fusion Project Mgnagemenl lo Implement an Inspection, spedficallon and tender
progfamme on potontial grant applicatlons.
Fusion PTovid8 Independent cost certainty for various proie¢ts, and coupled with Citizens Advir£ Chelmsford's
due diligence input. the Trustees are confident that awards ore appropriato and proportionate.
Thls will assi51 further charitable expendituro in 2025.
Publlc b•n¢fft
In setting objé¢tives and planning for actNiti¥s, the Trustees have givgn due considaration lo gan8￿1 guidance
published by the Charity Commission relatin9 to public banefil, including the guidance 'Public benefit.. running a
arity IPB21'.
STRATEGIC REPORT
R88oNa• poIIcy
The charity operates a r8s¢rvg policy to gnsura that sufflci&nl funds are held foT committed Charltab
expenditurg and operational ojsts.
Unrestricted reservas of £460,2414re hold at tha p8rSod ond.
Page 2

JOSEPH TOOMEY CHARITABLE FOUNDATION
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
STRATEGIC REPORT l¢onUnuèdl
Golng conc•rn
After maknng appropriate enqulri8s, the Trustees have a reasonable expectation that the Company has adequate
resources lo continue in operational existenco for the foreseeable future. For this rea30n, they conts'nue lo adopt
the going concem basls In preparing the financial statements. Furthor d8talls regardlng the adoption of the going
concern basis can b8 found in tho accounting policigs.
STRUCTURE. GOVERNANCE ANO MANAGEMENT
Gov•rnlng document
Joseph Toomey Charitable Foundation is rggislered as a charitable cornpany limited by guarantee and was set
up by a Trust daed.
Rgcrutkn•nt and appolntrnont of n•w trust
The charity was incorpofaled with a board of eleven original charity trustees.
The trustees comprise family membèrs of Michael Toomey, Clèrical membors of the Rofflan Catholic ChuTch
and gxecutlve and non-execuliv# directors of the founding company.
The trustees are aware that additional trustees, taken from the groupings above, will be able to PTowde addTtional
sklls and knowledg& to enable the charty to meet tt)e objectSv8s sot out in the constitution.
Since incorporation, a number ol new trustees have been identified and welcomes to the board, having mel I
eligibility critèria sel out in the conslllulion.
DSsclosurn of Inforniotlon to audFtor
Each of the persons who are Trustees at tha limè vthen this Trustees, Report is approved has confirrned that..
so far as that Trusleo 1$ awaTe, there is no relevant audit infomalion of which tho chaTitls audilor Is
unaware, and
that Trustèe has taken all the steps that ought lo have been taken as a Truslge In ord8r to ba aware of
any relevant audit information and to estab￿sh that the charitls auditor 15 aware of that infomialion.
Approved
èr of the member5 of the board of Tru31eg5 and signed on their b&haW by..
Date..
Page 3

JOSEPH TOOMEY CHARITABLE FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBIUTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Tru8lpes (who are also the directors of the Company foi the purposes of ￿)rnpany lawl arg rgsponsible for
preparing the Tnjslees, RgPQrt incjuding the Strategic Raport and ihe financial statements in a¢cordance wfth
applicable law and United Trfj"ngdom Accounting Standard5 (United Kingdom Generalty Accepted Ac¢ounling
Practice).
Company law requires the Twst98S to prepare financial $18lements for eac*i finanryal year. Under ￿rnPany law.
the Twsteas must not approve the financial slalements unless they aTe satisfied that they giv8 a true atxl fair
view of the slate of affairs of thg Company ar￿ ol Ils incoming resources and application of resources, indudlng
its income and exp8nditurè, for that p&riod. In Prepa￿n9 thasè finan￿al statements, the Trusl8a8 are rgqulred to..
Select Suitable a￿Unting polSc19s and then apply Ihetn consislenlly..
observe the methods and prfndplgs of the Charities SORP {FRS 102).,
make judgments and accounting 9Stimates that are Teasonable and prudent,.
stale whetheT applicable UK Accounting Standards IFRS 1021 have been follr)w8d, subject lo any materlal
departures disclosed and explained in the financial stalemenl5',
prepare the flnancial statements on the going concarn basis unless it is inappropriate lo presume that the
Cornpany will conllnue in businoss.
The Trustees arg responsible for keeping adpqualg a￿oUntIng records that arg suffirAent to show and explain
the Cornpanls tran$actions and disdose with r8a50nable accuracy 8t any time the financlal po&lion of the
Company and enable them lo ensure that the financial statements comply with th9 Companies Act 2006. They
are also fasponsible for safeguardlng the assets of the Company and hen￿ for tsking rea8onabla stsps for the
prevenllon and detection of fra¢Jd and othér irrègularilies.
Approved by order of the members of the ix)afd of Trustees and signad on its behalf by..
Dale:
Page 4

JOSEPH TOOMEY CHARITABLE FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOSEPH TOOMEY CHARITABLE
FOUNDATION
Oplnlon
We have audited the finanoal stal&menls of Josoph Toomoy Charitabl8 Foundalion Ith& 'eharilable company)
for the year ended 31 December 2024 which comprise the Statement of Financial ACtI￿ties. the Balance Sheet.
Ihe Statement of Cash Flows and the ielaled notes, including a surnmary of Significant a¢￿UntIng policias. The
financial reporting frarnework that has been appliod in their preparation is applicable law and United Kingdom
Accounting Standards, induding Financial Reporting Slandard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice).
In our oplnlon Ihg finandal s18lernents-.
gtve a true and fair view of the slate of the charitablo companls affairs as at 31 December 2024 and of ils
incoming resources and application of ra$our¢85, including 11$ incom$ and gxpènditure for thè year than
ended..
havo beèn properfy prepared in accordanc8 with Unitèd Kln9dom Ganaralty Accgpled Accounting
Practice; and
have ￿fjn prepared in accordance with the requirements oflha Charli￿$ Act 2011.
Ba#1$ for opinlon
We conducted our audit in accordance wllh Internal￿nal Standards on Auditing (UK) IISAS (UK)) and appli¢>blg
law. Our rèsponsibillii95 undei those standards are furthar descrlb&d In the Audito1$ responsibllilies for the audit
of tho finanaal Stslements section of our rèport. We are independent of the charitable cornpany in accordance
wilh thg olhical requirements Ihal aro relgvant lo our audit of the financlal statements in the United Kingdom.
including the FinanrAal Reporting CoUn￿1,S Ethical Standard. and we have fulfilled our other 8lhical
re8ponsibil￿eS in accordance wf(h Ihe8e requirements. We believe that the audit gwd9nce wg have obt8lned ¢5
sufficient and appropriato to Provide a basis for our opinion.
Concluslons r¢latlng to golng conc•rn
In 8uditlng the finanaal slal$menls. we have ojnduded that the Tru$lea$' use of the going concem basis of
accounting In the preparation of the financAal statements is appropriate.
Based on thg work we have performed. we have nut identified any rnalerial uncertainties relating lo events or
condition$ that, individually or ¢0119dvely, may cast significant doubt on the charitablè companys abilty to
continue as a going concern foi a period of al least tsvel￿ month5 from when the finanaal 51aternents arg
authorS$ed for Ssstse.
Our re$ponsibllilie5 and th8 responsibilitie8 of Ihe Tru51ees with rgspact lo going con¢em aro described in the
Iolevanl sections of this report.
Page 5

JOSEPH TOOMEY CHARITABLE FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOSEPH TOOMEY CHARITABLE
FOUNDATION ICONTINUEDI
Other Inlomiation
The other information comprises the informalion induded in the Annual Report other than the financial
statements and our Audilorfs Report Ihereon. The Trustees are responsible for the other information contalned
within the Annual Report. Our opinion on the financial Statements does not cover the other infomalion and,
except lo the oxlenl olherwisa explicitly slated in our report. w8 do not exprass any form of assurance conclusion
thereon. Our responsibility is lo read the other information and, in doing so, consider whether thg olh$r
inlormation18 materially inconBislenl with the financial statements or our knowledge obtained in the Course of th8
audit, or otherwise appears lo bg materlalty misstatod. If wa Id9ntfy such material Inc￿nsISten￿es or apparent
material misstatements. we are required to dètèmiinè whethèr this gives rise to a material misstatement in the
rinancial statements Ihèmselvos. If, based on the work w8 have perforrned, we conclude th81 there Is a material
misstatement of this olheT information, we are required lo report that fact.
We havg nothlng lo report in thi5 regard.
Matters on whlch w• aro r8qulrgd to r•port by ex¢•ptlon
We have nothing lo report in re$p8¢t of the following matters where the Charities (Accoun15 and Report5)
Regulations 2008 requlras us lo report lo you if, in our opinion-.
the infonnatlon gfvgn In the Tru8tee8' Report is inconsistent in any material respect wilh th8 financ4al
Statements., or
5uffictent accounting racoids havo not bean kept,. or
the ffinancial statements are not in 8greement with the accounting records and reluTns-. or
we have not received all the infomiallon and explanations we require for our audit.
Rosponslbllltlv4 of tru¥tses
As explained more fvlly in the Trustees, Responsibil￿￿$ Statement, the Trustees (who are also the directors of
thè charitable company for the purposes of company lawl are responsible for the preparation of thè finanaal
51alement5 and lor bèing satisfied that they give a tru8 and fair wew, and for such inlemal control as the
Trustees dalemine is necessary to anablg tho preparation ol finan￿al statements that are fr99 from material
mlsslatemenl, whether due to fraud tsr error.
In Preparing the finan(xal statements. the Trustaes arg rosponsible for a55essing the chaTilable cAJmpanls ablllty
to continue as a going concem, dlsrjosing, as applicable, matters relatad to going concern and using the going
concem basis of a￿luntIng unless the Trustees eith8r Inl8nd lo Ilquldate tha charitable company or to cease
operations, or hava no ￿alIStiC allernalive bul to do so.
Pagè 6

JOSEPH TOOMEY CHARITABLE FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOSEPH TOOMEY CHARITABLE
FOUNDATION {CONTINUEDI
Auditof• Mipon¥iblllti•• for the audit of th• financl*l •tstom•nts
We have been appointed as auditor under se&ion 145 of the Charities Act 2011 and report in ac¢ordance with
the Act and relevant reyulalion8 made or having effect Ihereurbdei.
OUT Dbjectives are to obtain reasonable assurance about whether the financial slalements as a whole are free
from material misstatement. wh8lher due to fraud or èrror, and tr) issuè an Audilorfs Report thal includes our
opSnlon. Reasonable assuran¢e is a high level of assurance, bul is not a guarantee that an audll ¢ondu¢tgd In
accordance with ISAS {UK) wil a￿ayS datget a matarial mis$latem8nl when it exists. Misslalemenls can arise
from fraud or èrror and are considered material rf, individually or in the 8ggrègale. th&y could reasonably be
expected lo Influence the economic deasions of Ltrsers lak9n on the basls of these financtal statements.
Ifregularitie5. induding fraud, are instan￿5 of non-compllanco wSlh laws and rogulalons. We dgsign procedure$
in line with our rgsponsibilrti8s, ouuinéd above, to dÈle¢t material rni5slalemonts in respgct of irr8gulartfje$.
induding fraud. The exlenl lo which our wocedures are capable of detecting irregularities, induding fraud
d9tallad bglow..
Enquiry of managemfjnl and thos¢ charged wlh govemance around actual and polenb'al litigation and
daims.,
Perfomlng audf( work over the risk of rnanagom8nl ovgrrida of ￿ntrol￿. including tgsting of joumal ontrie$
and other adju8lmenls for appropriatanass, avalualing tho business ralionalo of signrficanl transactions
outside Ihe normal course of business and rèvièwing a¢¢ounllng o$timal&s for bias,.
Raviewng minute8 of meetings of Ihoso chargad with govemance- and
Remewing ffinancial slalernenl disdo8ures and testing to supporting documentation lo assgss wmpliance
wilh applicable laws and r89ulalion$.
8ecau5e of the inhewnt limitations of an aLt(tit, there is a Tisk that Wg will not detgct all irregulari118s, Including
those leading lo a material misstatamBnt in the financial 51alemen15 or non-cornpliance wlh regulabon. This risk
increases the more that compliance with a law or regulation 1$ removed from the events and transactions
rellèctad in the finanrial slalemants, as w9 will be less likely lo become aware of instances of norKompliance.
The risk is also greatar regarding irrggularitie5 occurring due to fraud ralhgf than error, as fraud involves
intentional conwlment. forgery, collusion. omission or misr8Pfesenlatlon.
A further description of our responsibilities for the audit of thè finan￿41 statements is located on the Financial
Roporting Councif8 website at.. ww.fr .
8ibililies. This deS￿iPtiOn forrns part of our
Auditor's Report.
Pagg 7

JOSEPH TOOMEY CHARITABLE FOUNDATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF JOSEPH TOOMEY CHARITABLE
FOUNDATION ICONTINUEDI
Us• of OUT r•port
This reporl is made solely to the ¢haritable ¢ompanls Iruslees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that w8 might slate
lo the charrtablg companls Iruslees those matter5 we are requlrad lo stsle to Ihern In an Audilorfs Report and
for no other purpose. To the fullest ext&nl parmittèd by law, wa do not accept or assume responsibility to anyone
other than the Charitable company and Ils members. as a body. lor our audit wo￿. for this report. or for the
opinion5 we have formed.
MHA
Slatuttsry Auditor
Colchgster. United ￿ng{loM
Dale..
MHA are ellgibte to act a8 auditors in ten1￿ of section 1212 of thè C(*npgnles A¢t 2006.
MHA is the trading name ol MHA Audk SeNces LLP. a lirniled liability partnership in England and Wales
Ireglstor9d number OC4555421.
Page 8

JOSEPH TOOMEY CHAR￿ABLE FOUNDATION
STATEMEprr OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unfe¥tri¢ted
lunds
2024
Total
fund$
2024
Total
funds
2023
Mots
Income from:
Donations and legacies
Invgslments
150.OQO
2.647
150,000
2.647
17
Total Incom•
152,647
152.647
IT
Expenditurn on:
Charitable aclivilies
111.682
111.682
60,735
Totsl ￿POndItur0
111,682
111,682
60,735
N•t movemont In funds
40,968
40.965
(60,718)
Reconciliatlon of funds:
Total funds brought fonyard
Nel rnovement in funds
419,276
40,965
419,278
40.96S
479,994
(60,718)
Totsl lund$ ¢arrl•d fopmard
460,241
460,241
419,276
The Statement of Financial Acti￿11￿$ includes all 98ln5 and1065es recognlsed in the year.
The notes on pages 13 10 21 form part of these financial $181ements.
Page 9

JOSEPH TOOMEY CHARITABLE FOUNDATION
REGISTERED NUMBER: CE022375
BALANCE SHE
AS AT 31 DECEMBER 2024
2024
2023
Nots
Flxgd a$sgts
Investmants
10.001
to,ooi
10.001
10,001
Currnnt a880ts
Debtors
Cash al bank and Sn hand
10
2.375
456,054
416. 715
457A29
416. 715
Creditors.. amounts falling duo wilhin ono
year
,1891
(7,440)
N•t ¢urrnnt a#¥ets
450.240
409,275
Total ass•ts 1oM curront IlablltUo8
460.241
419,276
Not a￿ets •xcludlng p•nslon aslet
460.241
419,276
Total net assets
460.241
419,276
Charlty funds
Re3trided fijnds
Unrestricted funds
12
General funds
12
460,241
419,2T6
Total unreslricted funds
12
460.241
419,276
Total fvnd•
460.241
419,276
Thè entity was entitlgd to oxemption from audlt under sedon 477 ofthe Companies A¢t 2006.
The members have not raquired the entity lo obtain an audit for the year in question in accordance vrith section
476 of the Companle¥ Act 2006.
Howevgr, an audit is requlred in 8ccordance with section 145 of the Charities Act 2011.
The Trustees acknowledge their responsSbililies for cOmpl￿n9 wKh tho roquiremenls of the Act wlh respect to
accounting records and pr8paralion of financial statements.
The financial stalem9nt$ have been preparad in accordance with the provlslons appIl￿ble lo entitie$ subject lo
the small companies regime.
Pag8 10

JOSEPH TOOMEY CHARITABLE FOUNDATION
REGISTERED NUMBER: CE022375
BALANCE SHEET {CONTINUEDI
ASAT 31 DECEMBER 2024
Thg finandal statamenls w8r8 approved and aulhoris¥d for issue by the Trustee5 8nd signed on their behalf by..
Dale..
Page11

JOSEPH TOOMEY CHARITABLE FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cuh flows from op•r4tlng a¢tlvlti
Net cash used in operaling activrt5es
38,339
(58,918)
Chang• In e4$h and ¢a•h ?qulvalents In the year
Cash and cash equivalents at the beginning of thg year
38.339
168,9181
475,633
416,715
Cash and cash •quivalonts at th8 ènd of tho yèar
455.054
416, 715
The notes on pag8$ 13 to 21 fom part ofthese finanrAal slalements
Page 12

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting poliel••
1.1 Bast8 of proparnlon of financlal stat•ments
The financial 51alements have b•en prepared in accordance with tho Charities SORP IFRS 1021
Accounting and R?pothng by Charthes.. Statement of Recommended PraGtice applirable lo cha￿1￿5
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 {effective 1 January 20191, the Financial Repoiting Standard
applicable in the UK and RepLFblic of Ireland IFRS 1021 and the Companies Ac< 2LXJ6.
Joseph Toomey Charitable Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognIs￿ at historical ¢osl or transaction value unbss otherwlse
staled in the r8lwant accounting policy.
1.2 Golng concorn
The Trust8es asse¥s whether the use of the going concem basis of preparation is appropriatè, i.a.
wh91har IhpT8 ale any material uncertaintles relalod lo events of conditions that may cast significant
doubl on the abilty of thè Company lo continue as a going concern. The Trustees mako this
a8sessment in respect of a period of at least one year from tha date of aulhorisation for issuo of the
financSal slalemenls and have conduded that the Company ha8 adequate re30urces lo continue in
operational existence for thg forg$oèablo future and that there are no material unc4rtainlios about tho
Cornpanls ability lo conllnue as a going concem.
The Level of r8saNos held are also dogmed suffiaanl for the Compan￿$ fvlure plans, thus tho
Company continues to adopt the going concem ba$is of accounting In preparing financial
staloments.
1.3 In¢om•
All in￿rne is recognised once the Cornpany has en1rf19menl lo the in¢om8, il is probable that the
Income wlll be received and the amount of income receivable can be maasurèd reliably.
IA EXPendi￿rn
Expenditurè is r$¢ognised once thoro is a legal or ¢onslructiV8 obligation to transfar acnnomlc benèfit
to a Ihlrd party, il is probable that a transfer of economic banéfi15 will be required in settlernonl and
the amount of the obligation can be measured reliably. Exptsnditure is dassified by actimty. Thè costs
of each activity are made up of the lolal ol direct cos15 and shared costs. Includlng 8UPPOrt costs
involved in undertaking each aclwity. Direct costs attribLrtablg to a single acliwty are allocated dIro￿lY
lo that activity. Shared co8ls which contribute lo more than one activty and support ¢0s1s which are
not attributable to a single artivity are apportioned be￿8&n those activities on a basis consistent wllh
Ihe use of resources. CènlT81 staff costs are allocalad on the basis of time spanl. and dgpreciallon
charges allocal8d on the portion of the a$$81's use.
Expenditure on charitable aclMlie8 is incurred on directty undertaking the activities vthlch furthei the
Companys obiectives, as wel as any associated support C4Jsts.
Grants payable are charged in the year when th8 offer is made except in those cas8$ where the offer
Ss conditional, such grants being reoognised as expenditure when the conditions attaching are
fu￿illed. Grants offered subl$¢l lo conditions which hava not been met al the ygar and are noted as a
mmrtmenL but not accrued as expendituro.
All expenditura 1$ indusive ol irTecov8rable VAT.
Page 13

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2024
Accountlng pollclej {contlnuedl
1.5 Interost rec•lvable
Interest on funds hgld on deposit is incbudod wh9n Tgc8ivable and the amount can be rneasured
reliably by the Cornpany,. this 15 nomialfy upon nolificalion of the interest paid or payable by the
institution with whorn tha funds ar8 doposited.
1.6 Inv•stsn•nts
Fixed a55el investments aro a form of finanaal instrument and are inilialty recognised 4t their
transaction cost and sub5equenlty measured at fair value at the Balance Sheet dale, unless the value
nnol btr measured reliably in which case it is measured al c05t less impairment. Investment gain5
and losses. whether roalised or unreallsed, are comblned and presgnted as 'GainsllLossesl on
investrnenls, in the Statement of Finanaal AcallAt￿￿.
1.7 Dgbtors
Trade and othor debloT5 are recognised at th8 settlement amount after any trado dlswunl offered.
Prèpayrngrils are valued at the amount prepaid net of any trade discounts due.
1.8 Llabllltlgs and provl¥lon•
Liabilities are recognised when there is an obli9ation at Ihg Balance Sh891 date as a result of a past
event. it is probable that a Iransfgr of economic ben8fil will be required in 5ettlemonl, and the amount
of th& sèttlèmènt can bg 951imaled reliabty.
LSabililies aw re¢ognised al the amount that th6 Company anlicipatos tt wlll pay lo setlle the debt or
the amount il has received as adVat￿O￿ paymènts ft*r the goods or services il must provide.
Provisions arg measured al the best estimate of th¢ amounts required to settle th¢ obligation. Whero
the effect of the time valu& ol monéy is ma1èri31, the provision 15 based on the present value of those
amounts, discounted at the pre-tax diso)unt rale that reflects the risks sp¢cffic lo the liability. The
unwinding of the discount is iacognisod in thè Stalomonl of Fiftancial Activities as a finance ￿$1.
Pag8 14

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Incomo from donatlons and 1ogacl8s
Unrostrl¢tsd
fund4
2024
Totsl
fund•
2024
Donations
150,000
150.000
Unresthcled
funds
2023
Total
fund$
2023
Donallons
17
17
Total 2023
17
17
Invg•trn•nt Incom•
Unrn8trJGtsd
funds
2024
Total
funds
2024
Total
funds
2023
Deposit account interest
2,647
2.847
Analysls of •xp•ndrturg by aCtIv￿l•S
Grant
fundlng of
activitie¥
2024
Support
COSts
2024
Total
funds
2024
Exponditure on charitablg actlv5Jes
100,000
11.682
111.682
Page 15

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analygls of •xp•ndI￿fe by a¢tlvltl•¥ l¢ontlnuodl
Grnnt
fvnding ol
activities
2023
Support
Costs
2023
rotal
funds
2023
Expenditure on charitablo aclivrtigs
50,c￿0
10,735
6Q,735
All grants mad9 in the current and prlor year were provld8d lo Chelmsford CRlz8ns Advice.
Analysls ofsupport ¢o•ts
Total
funds
2024
Total
funds
2023
Websfge costs
Bank chaTges
Sundries
G0￿manc$ ¢0sts (note 51
1,224
109
107
3,500
8.075
9,402
11.682
10, T35
Page 16

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2024
GovornanG8 costs
Unrostrlct•d
funds
2024
Total
fund¥
2024
Auditots remun8ralion
Legg1 and professional
7,528
547
7,520
54Y
Total 2024
8,075
8,075
Untt¥slhcled
funds
2023
Total
fvnds
2023
Audilorfs Temuneration
Lggal and professional
T,440
1,962
7.440
1,962
Total 2023
9,402
9,402
AudStorfB romungrntlon
2024
2023
Fees payable to th9 Compan*s audltor for the audit of the Companys
annual accounts
6.255
5,280
Fee$ payable lo the Companvs auditor In re3peo* of..
All non-audit services not inctuded above
1,273
2, 160
Trustso1' r•mungratlon and •xp•n80•
During the year. no Tnjstees receThied any rèmuneration or other benefits f2023- £NIU.
During the year ended 31 DeceFnber 2024. no TTLbSteo 8xpènse$ have boen incurred (2023- £NILJ.
Staff ¢o¥ts
No employa8 re¢trived remuneration amounllng lo more than £60,000 in 8ithgr ygar.
Page17

JOSEPH TOOMEY CHARITABLE FOUMDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Flxod a$$•t In￿*1m9nts
Unlistsd
Investments
Cost or valu•lon
At 1 January 2024
10.001
At 31 December 2024
10.001
Net book value
At 31 December 2024
10.001
At 31 DeGemb8r2023
10.001
TheTg wgrg no fixgd a$s9ts OLrtslde the UK.
The fixed asset inve51menl relates to the share ¢ap*tal held by th8 charfty of MJT Securities Limited. Thls
investment constilutas 1000h of the ordinary shawe capital of MJT Securities Limited. The results of MJT
Securities Lim(ted have not been consolidated into these financial staternents. This is due to the charity
not having the power to govem and direct the finanaal or oparational activities of MJT Securitlas LimSled
under any statute or agreamant. a$ the operational policies ol MJT SerAJrilie5 Limited are delerrnined and
directed by the DI￿¢torS of MJT Securjties Limited. Joseph Toomey Charitable FoLtndation and MJT
Socurilies Limited do not operate a5 a singla entity and thè r4sks and rewards of MJT Socurilies a￿ not
those of the charity.
10. Dobtorn
2024
2023
Dug wlthln ong y•ar
PTepaymenls and accnjed incom&
2.375
2.375
11. Crgdltor¥: Amounts falling dug wlthln on• y•ar
2024
2023
Attruals and deferred inwme
7,189
7,440
Page 18

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11 Statsmont offund8
statom•nt of funds- curr•nt yoar
Balan￿ at
31
Balanc• at 1
January
2024
D•cembor
2024
Income Expenditurn
UnTe•trlcted lunds
UnTeslrlcied fund8
419,276
152.647
1111.682)
460.241
StAtsmont of fund8- prfor year
Balance at
31
D6¢8mber
2023
88lanc& £t
l January
2023
Income Exp8n¢*ture
Unr•$trlctsd fun(IB
Unrestricted fiJnds
479,994
17
(60,735)
419,276
13. Anatysl$ of net b8tw••n funds
AnatyslB of not ass•ts botw•on fund* - eurrnnt porfod
Unrnjtricted
funds
2024
Totsl
lund#
2024
Flxed assel investmonls
CuTrent assets
Creditors du9 w￿h1n one year
10,001
457,429
(7,189)
10,001
457,429
17,1891
Total
460,241
460,241
Page 19

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Analysls of n•t a8s0ts botw•on funds {¢onttnu•dl
Analysls of n•t a￿$tS botw••n fund$- prfor perfod
Unrnstrf¢t&d
fund$
2023
Tot
funds
2023
Fixed asset Inveslmgnts
Curr9nt assgls
Credllixs dup within one year
10.001
416.715
17,440)
70,001
416, 715
(7,440?
Totsl
419.276
419.276
14. Reconclllatlon of net movom•nt In funds to n•t eA•h flow from op•ratlng actlvltl•8
2024
2023
Net inc4)melexpènditure for the perio¢J las per Ststemenl of Flnandal
Activitiès)
40.965
(60,718)
Adjustments for.
Inc¥eaBe/ldecreas81 in credltors
12.6261
7,800
N•t cash provldgd byllu•ed In) oporatlng activltlos
38.339
(58,918)
16. Anatysls of ca8h and cash •qulvalonts
2024
2023
Cash in hand
4S5.054
416,715
Total cash and cash •qulvalents
465.054
416,715
Page 20

JOSEPH TOOMEY CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1& Analysls of changos In ngt d•bt
At31
D•c•mb8r
2024
January
2024 Cash Ilo
Cash al bank and In hand
416.715
38.339
456,054
416.715
38.339
4S5,054
Pago 21