Charity registration number: 1190442
John's Charity CIO
Annual Report and Financial Statements for the Year Ended 5 April 2024
John's Charity CIO
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Accountants' Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 13 |
John's Charity CIO
Reference and Administrative Details
Trustees P Lewis M Saywell S Lander M Watling Charity Registration Number 1190442 Principal Office C/o Michelmores LLP Woodwater House Pynes Hill Exeter Devon EX2 5WR Accountants Westcotts (SW) LLP Chartered Accountants 47 Boutport Street Barnstaple Devon EX31 1SQ
Page 1
John's Charity CIO
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2024.
Structure, governance and management
Organisational Structure
The legal and administrative details are listed on page 1. The trustees who served during the year are listed on page 1.
Trustee Appointment and Induction
New Trustees are appointed by a resolution passed at a properly convened meeting of the charity Trustees. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
New Trustees will be provided with a copy of the current constitution of the CIO along with a copy of the latest Trustees' Annual Report and accounts.
Governance, Internal Control and Risk Management
The trustees have reviewed the major risks of the charity and have taken action and established systems which will mitigate any known risks. All policies and procedures are updated regularly.
Objectives and activities
Charitable Objects
The objects of the CIO are to assist in the treatment and care of persons who suffer from mental, physical or age-related illness or infirmity of any description including those who are in need of rehabilitation as a result of such illness or infirmity, by the provision of such facilities, services and support as the Trustees think fit, in any part of England but including in particular West Somerset and North and West Devon.
Public Benefit
Through our work, we believe that we have fulfilled our obligation to be of benefit to those people of West Somerset and North and West Devon, or any charitable institution wherever situated in England in assisting in mental health issues in these areas. The Trustees further consider that they have complied with the duty, imposed by s17(5) of the Charities Act 2011, to have due regard for the guidance published the Charity Commission.
Achievements and performance
Review of Activities and Achievements April 2024
During the year we assisted various projects that had proved themselves capable of delivering on their grant objectives from previous years and also helping Mental Health related charities for the first time.
We were very conscious of the need to be able help all age groups in society and the grant to Madewell for the play park for both disabled and mentally disabled children was a source of great pride to us.
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John's Charity CIO
Trustees' Report (continued)
In addition to this the grants made to the Royal Marines to help service veterans with Mental Health Challenges and Hospiscare to enable them to help children suffering parental bereavement was a source of considerable pride. Children at Hospiscare were provided with bags of age and sex appropriate toys and activities and being told, that following receipt of one of the bags, a young child turned up the following day dressed as his Superhero at such a challenging time made all our work worthwhile.
For 2024/25 we have an ever growing list of Charities that are looking for support and we will continue to help them where we can.
Through our work, we believe that we have fulfilled our obligation to be of benefit to those people of West Somerset and North and West Devon, or any charitable institution wherever situated in England in assisting in mental health issues in these areas. The Trustees further consider that they have complied with the duty, imposed by s17(5) of the Charities Act 2011, to have due regard for the guidance published the Charity Commission.
It only remains for me to thank the Trustees for their enormous hard work and dedication in running the Charity. They are a real credit to their local community.
Financial review
During the year the charity received legacy income totalling £Nil (2023: £53,103). There were grants payable in the year totalling £241,946 (2023: 137,712).
At the year end there were total unrestricted funds of £222,998 (2023 £464,764). Of these funds £223,422 (2023: £412,295) represent the bank balance.
Reserves Policy
The charity was set up to distribute funds from the late John Page's estate. Grants are applied for and distributed from these funds in accordance with the charitable objectives. Costs incurred outside of grant distributions are minimal and so the trustees do not feel a reserves policy is necessary.
Investment powers, policy and performance
The Charity has the power to make investments which the trustees feel is appropriate to the charity. Any surplus funds are held in interest bearing accounts.
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John's Charity CIO
Trustees' Report (continued)
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
28/01/2025 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... P Lewis Trustee
Page 4
Chartered Accountants' Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of John's Charity CIO for the Year Ended 5 April 2024
In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of John's Charity CIO for the year ended 5 April 2024 as set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of John's Charity CIO, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of John's Charity CIO and state those matters that we have agreed to state to the board of directors of John's Charity CIO, as a body, in this report, in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John's Charity CIO and its board of directors as a body for our work or for this report.
It is your duty to ensure that John's Charity CIO has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and of John's Charity CIO. You consider that John's Charity CIO is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of John's Charity CIO. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Westcotts (SW) LLP Chartered Accountants Barnstaple Devon EX31 1SQ Date:.............................
Page 5
John's Charity CIO
Statement of Financial Activities for the Year Ended 5 April 2024
| Note Income and Endowments from: Donations and legacies 2 Investment income 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 13 |
Unrestricted funds £ - 720 720 (242,486) (242,486) (241,766) (241,766) 464,764 222,998 |
Total 2024 £ - 720 720 (242,486) (242,486) (241,766) (241,766) 464,764 222,998 |
Total 2023 £ 53,103 589 |
|---|---|---|---|
| 53,692 | |||
| (139,153) | |||
| (139,153) | |||
| (85,461) | |||
| (85,461) 550,225 |
|||
| 464,764 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 13.
The notes on pages 8 to 13 form an integral part of these financial statements. Page 6
John's Charity CIO
(Registration number: 1190442) Balance Sheet as at 5 April 2024
| Note Current assets Debtors 10 Cash at bank and in hand 11 Creditors: Amounts falling due within one year 12 Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 13 |
2024 £ - 223,422 223,422 (424) 222,998 222,998 222,998 |
2023 £ 53,103 412,295 |
|---|---|---|
| 465,398 (634) |
||
| 464,764 | ||
| 464,764 | ||
| 464,764 |
The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on 28/01/2025.................... and signed on their behalf by:
.........................................
P Lewis Trustee
The notes on pages 8 to 13 form an integral part of these financial statements. Page 7
John's Charity CIO
Notes to the Financial Statements for the Year Ended 5 April 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
John's Charity CIO meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
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John's Charity CIO
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
2 Income from donations and legacies
| Donations and legacies; Legacies |
Unrestricted funds General £ 53,103 53,103 |
Total 2023 £ 53,103 |
|---|---|---|
| 53,103 |
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John's Charity CIO
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
3 Investment income
| Interest receivable on bank deposits Interest receivable on bank deposits 4 Expenditure on charitable activities Note Grant funding of activities Allocated support costs 5 |
Unrestricted funds £ 241,946 540 242,486 |
Unrestricted funds General £ 720 720 Unrestricted funds General £ 589 589 Total 2024 £ 241,946 540 242,486 |
Total 2024 £ 720 |
|---|---|---|---|
| 720 | |||
| Total 2023 £ 589 |
|||
| 589 | |||
| Total 2023 £ 137,712 1,441 |
|||
| 139,153 |
5 Analysis of support costs
Support costs allocated to charitable activities
| Website hosting Accountancy fees Independent examiner's fee Bank charges |
Support costs £ 60 420 - 60 540 |
Total 2024 £ 60 420 - 60 540 |
Total 2023 £ 194 541 634 72 1,441 |
|---|---|---|---|
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John's Charity CIO
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
6 Grant-making
Analysis of grants
The support costs associated with grant-making are £Nil (5 April 2023 - £Nil).
Below are details of material grants made to institutions.
| Name of institution Bickford Rest Centre Made Well Northam Care Trust Strawpatch Project Survivors Alliance Clarity Ilfracombe Men's Shed West Heanton Ltd Royal Marines Hospicecare |
2024 £ 10,526 84,000 28,500 - 8,183 7,200 - 74,383 10,000 18,500 241,292 |
2023 £ 25,000 25,100 28,794 9,719 7,186 11,790 4,314 25,809 - - |
|---|---|---|
| 137,712 |
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses from the charity during the year.
8 Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received emoluments of more than £60,000 during the year
9 Independent examiner's remuneration
| 2023 | ||
|---|---|---|
| £ | ||
| Examination | of the financial statements | 634 |
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John's Charity CIO
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
10 Debtors
| 10 Debtors | ||
|---|---|---|
| Accrued income 11 Cash and cash equivalents Cash at bank 12 Creditors: amounts falling due within one year Accruals 13 Funds Balance at 6 April 2023 £ Incoming resources £ Unrestricted funds General General Funds 464,764 720 Balance at 6 April 2022 £ Incoming resources £ Unrestricted funds General General Funds 550,225 53,692 14 Analysis of net assets between funds Current assets Current liabilities Total net assets |
2024 £ - 2024 £ 223,422 2024 £ 424 Resources expended £ (242,486) Resources expended £ (139,153) Unrestricted funds £ 223,422 (424) 222,998 |
2023 £ 53,103 |
| 2023 £ 412,295 |
||
| 2023 £ 634 |
||
| Balance at 5 April 2024 £ 222,998 |
||
| Balance at 5 April 2023 £ 464,764 |
||
| Total funds at 5 April 2024 £ 223,422 (424) |
||
| 222,998 |
Page 12
John's Charity CIO
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
| Current assets Current liabilities Total net assets |
Unrestricted funds £ 465,398 (634) 464,764 |
Total funds at 5 April 2023 £ 465,398 (634) |
|---|---|---|
| 464,764 |
15 Related party transactions
There were no related party transactions in the year.
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