Charlty Number 1192831 THE JANET NASH CHARITABLE SETfLEMENT REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2024 CROWE U.K. LLP Chartered Accountsnls Black Country House Rounds Green Road Oldbury Wesl Midlands 869 2DG THE JANET NASH CHARITABLE SETfLEMENT REPORT OF THE TRUSTEES The Twslees present their annual report together with the audit￿ finan¢Fal slateffents of the Janel Nash Charitsble Settlement for the year ended 30 April 2024. The Twstees confimi that the annual reF(srt and financial statements have teen prepa￿d In accordance with the accounting policies Set out in note 1 to Ine accounts and comply with the Charity's governing dccumenl. the charitr.es Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicable lo charities preparing thèiraccounts in accordance wrth the Financial Reporting Standard applicable in the United Jth"ngdom and the Republic of Ireland IFRS1021. Reference and admlnl8trntlv• detall8 The Janet Nash Charilable Settlemenl is a Charrtable Incorpjraled Organisaticn ICIOI. Registefed Charity Number.. 1192831 Trustees.. Mr M S Jacobs. Mrs C E Westall & Ms J M Oacre The power of appointment of new Trustees Is vested in the Trustees. new Trustee would receive the training deemed appropriate to enable them lo fulfil their role as Trustee of the Charity. T￿aSUrer.. Ithr M S Jacobs Principal Office.. 141 Farmer Ward Road Kenilworth Wamickshife CV8 2SU Auditor.. Crcwe U K LLP Black County Housé Round5 Green Road Oldbury, West MidEand$, B69 2DG Investment Powers.. The Conslilulion emp￿e[S the Trustee5 to invest at their absolule discretion. Ob]o¢tiv•$ and a¢tlvltle8 The object of the Charity as given in the Constitution 15 to advance such chafitsble purposes for the public benefil as the Trustees may from time to tsme in th￿r absolute discretion determine. The objectives of the Charity are met by maklng charitsble grants and provwjing assets lor charitable use. Page 1 THE JANET NASH CHARITABLE SEThLEMENT REPORT OF THE TRUSTEES ICONTINUEDI Publlc Beno The Trustees confimi that they have refer￿￿ to the guidance contained in the Charty Commission's general guidance on public beneffit when reviewing the Chartty's aims and objectives and in planning future actNities. Grant Maklng Pollcy Grant applications are reviewed by the Trustees and grants are made at the Trustees, discretion. Rlsk Management The major nsks to which the Charity is exposed. as identified by the Truslees, have been reviewed and systems have been established to manage those risks. Achlevements and P¢rfomianc& Of the £371.571 available lor distribution (after support and governance costs) for the period from the General Fund, the Trustees approved charitable expenditure amounbng to £352.462 resulting In a surplus for the year of £22,538. This year grants were made to 4 instrtutsons and 30 indivAlual$ relaty'ng lo medical ¢auses and hardship relief. In the future the Charity will continue lo make grants on a year by year basis. The Trustees take into consideration the donations received as any granls made are dependent on the Income of the Charity. The focus ol the Charity remains cn medical and hardship causes. Reser¥o$ Pollcy The feserves ol the Charity consis1 of £48.813 in respect ol the fixed assets. plus £85.222 of nel current assets The Truslees retsin a sufficient level ol free reserves to cover any expenditure which may become necessary in maintaining the fixed assets and lo give the Chanty flexibility In carrying out its ol'ectives. Golng ¢onctrn Due to the grant-making natu￿ of the Charity there is little expendilure incurred that 1$ not grant funded and Ihe level of reserves are considered sufficient. For this reason. the Trustees do not nsider there lo be any going concern issues, and the Charity continues to adopt the Going Concern pnnciple In preparing its financial statements. Further detsils regarding the adoptio of the Going Concern basis can be found in the accounbng policies. Provision of information to the audltor Each of the Fersons whc are Trustees al the lim when this Trustees. report is approved has confirmed.. that so lar as the Trustees are aware. there is no re￿an1 audit infomation ofwhi¢h the Charity's auditt)r is unaware, and that the Trustees have taken all the steps that ought lo have been taken as a Trustee in order to be awaTÈ of any information needed by Ine Charity's auditor in Connection with prepanng their report and to eslablish Ihat the Chantab￿ Chanty's auditor is aware of Ihal infofmaticn. Page 2 THE JANET NASH CHARITABLE SETfLEMENT REPORT OF THE TRUSTEES {CONnNUED) Audltor Crowe U. K. LLP has indtaled its willingness to be reapFoinled as stalutory auditor. Approved by the Tru$to0s on -£l,.IL4) and signed on thglr behall: M.S. Jacobs Treasurer Page 3 THE JANET NASH CHARITABLE SETTLEMENT STATEMENT OF TRUSTEES, RESPONSIBILmes The Trustees are ￿sponsible for prepanng the Trustees. Report and the financHI slatements In accordance wilh applicable law and regulations. Charity law requires the Trustees lo prepare financial statements for each financial year which give a true and fair VEW of the stale of affairs of the Charity as at the end ol the year and of its financial activities during the year in accordance wrth United Kingdom Genelalty Accepted Accovnling Prath'ce (United Kingdom Accounting Standards). In preparing these financhgl tstalemenls, the Tnjslees are fequired lo". select suitable a(￿untIng policw and then apply them consistently., make judgements and ac£ounting estimates that are r8asonabl8 and prudent follow applicable UK Accountsng Stsndards and the Chanties SORP, discbsing and explaining any departures in the accounts., prepare the financial slalernenls on the going concern basis unless it is inappropriate to presume that the charitable company will continue lo operate. The Trustees are responsible for ensuring that adequale accounting rttords are maintained that are sufficient to show and explain Ihe Charity transaetions and disclose with reasonable accuracy al any lime the fi'nanci31 position of the Charity, and enable ihem to ensure that the financial statements comply with the Charities Act 2011 They are also responsible for safeguarding the assets of the Charity and ensuring Iheir proper application in accordance with Charity law, and hence for taking reasonable $tep$ lor the prevention and detects.on of fraud and other irregularitses. Page 4 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JANET NASH CHARITABLE SErrLEMENT Oplnlon We have aud¥ted the financial stalemenls of The Janet Nash Charitable Settlement for Ihe year ended 30 April 2024 whi¢h comprise the Statement of Financial Activities. the Slalemenl of Financial Position. Ststement of Cash Flows and notes lo the financial Sklements, including a Summary of significant accounting policies. Tre financial reporbng ftamework that has been applied their preparation is applicable law and United Kingdom Aeeounting standards. including Financol ReFQrting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practicel. In our opinion the financial stslements.. gNe a true and fair Vie•V of the stale of the Charity's affairs as al 30 April 2024 and of ils incoming resources and applicalion of resources. including rts incorre and expenditure, for the year then ended, have been property prepared in accordance wrth United Kingdom Generally Accepted Accounting Pra¢ti¢e." and have been prepared in accordance with the requiremnts of the Charitw Act 2011. Basis for opinlon We conducted our audit in accordance wlh Intemalional Stsndards on Audiling IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs re5pon51bililies for the audit of the financial statements 5e¢tion of our reFQrt We are independent ol the Chanty in accordance with the ethical ￿qUIreMentS that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard. and wo have fulfilled our other elhul responsibilities In accordance with these requirements. We believe that the audti evidence we have obtained is sufficient and appropriate to PTovide a basis for our opinion. Conclu¥lons relatlng to golng concorn In auditing the financial slatemenls. we have concluded Ihal the Trusleas. use ol the going concern basis of a¢counting in the preparab.on of the financial stsiernents is appropriate Based on the work we have performed. we have nol identified any material uncertainties felaling to events OT conditions that, individually or collectyvely, may cast significant doubt on the Charity's ability 10 ¢onlinue as a going concern for a peritsa of at least months from when the financial statements afe authorised loi issue. Our responsibilities and the iesponsibilib'es of the Trustees with r8specl to going concem are deS￿bed in the relevanl seclions of this reporL Other Inforniatlon The Trustees are responsible for the other inforrnats'on. The other information comprises Ihe informalion Included in the annual report. other than the financial ststements and our audilorfs feport thereon. Our opinion on the financial statements does not cover the other infomialion and we do not express any fomi of assurance conclusion the￿On. Page 5 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JANET NASH CHARITABLE SErrLEMENT (CONTINUED) In connection with our audit of the financial slatemenls, our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements Of our knowledge obtained In the audrt or olhevwise appears lo be materially misstaied. If we identify such material inconsistenoes or apparent material misstalements. we are required lo delemiine whether there is a maleiial misstalemenl in the financial statements or a material misstslement of the other Information. If. based on the work we have performed. we conclude that there is a material missiaiemenl ol this other infom)atsoft. we afe required to report that fact. Vrfe have nothing to report in this regard. Matters on whlch wo arn requir¢d to rnport by exception We have nothing to report in respect of the following rnatter5 in ￿latIon to whth Ihe Charities (Aecounls and Reportsl Regulations 2008 require us to report to you rf, in our opinK)n'. the inforrnalion given in the financial statements is in¢on51Stent in any material respect with the Trustees, reporL" or sufficient accounts'ng recor(is have not been kept.. or the financial $1ateff￿nts are nol in ¥g￿trent with the accounting records and returns., or we have not fecetved all the information and explanations we requir8 for our audit Respon¥ibllities ol Trust￿1 As explained more fully in the Trustees, responsibilities stalemenl sel out on page 4. the Tnjstees a￿ responsible Icr the prepa￿tIOn of the financial statements and for being satisfied that they give a true and tsir view. and for such irslernal control as the Trustee5 delermine is necessary lo enable the preparation of financ4al State￿￿nIS that are free from material misstslement, whether due to fraud or error. In preparing the financial slalemenls, the Twslees are responsible for assessing the Charity's ability lo continue as a going coneem, disclosing, as applicable. matters related to going con¢ern and using the going concem basis of accounting unles5 the Trustees eilhef intend lo liquidate the Charity or to cease operalKJns, or have no realisbc altematjve but to do so. Audltorfs responslbllltle• for tho audlt of the financlal ststoments We have appointed as auditor under seclion 145 the Chanties Act 2011 and report in accordanc8 With the Act and relevant iegulation$ made or having effect Iheieunder. Our objectives arg lo obtain reasonable assuraneè about whgther the financial slalements 88 a whole are free from material misslaternent. whelhef due lo fraud or error, and to Issue an auditor's report lttal includes our opinion. Reasonable assurance is a high level of assurance. but Is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstalemenl when il exists Misstatements Can anse from fraud or error and are onsidered material If, individually or in the aggregate, they could reasonably be exFecled lo influence the economi¢ decisions of users taken on the basis of these financial slalemenls. Page 6 INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF THE JANET NASH CHARITABLE SETTLEMENT {CONTINUED) Irregulanlies, including fraud. are instances of nonoompliance with laws and regulation5. We design proCedU￿S In line with our responsibilities. outlined above. lo delect material misstalemenls in respe¢t of irregularib"es. including fraud. The extent lo Wh￿tt our prccedures are capable of dete¢tsng irregulantw. including fraud is detailed bebw.. We obtained an understanding ol the legal and regulatory frameworks within which the Trust operates. focusing on those laws and ￿gUlationS Ihal have a direct effect on the deteTmination of material arnounls and disclosures In the linancial slalemenls The law5 and ￿gUlationS we considered In this Context were the Charities Act 2011. We assessed the required ¢ompliance with these laws and regulations as part ol our audit prccedures on the ￿lated financial statement items. In addition. we considered provisions of other laws and regulations that do not have a d1￿cl effect on the financial slalemenls but compliance with which might be fundamental to the Charities ability to OFerale or to avoid a material penalty. We also considered the OPF4Jrtunitses and Incentsves that may exist within the Charty for fraud. The laws and regulations we considered in this context weie General Data Protection Regulation IGDPRI, Anli-fraud. bribery and corruplion legislalK*n. environmental protection legislatK>n. Health and safely legislation, Taxation legislation and Employment legislation. Auditing standards limit the required audit procedures to Kienlrfy nonusIy 5tsted Prior year adjustment 102.21 Z 92.376 Fund balances brought lopw•rd •s restat 111,497 92,376 Fund balanc•8 carrfed forward at 30 Aprti 2024 The notes on pages 12 10 16 trJ￿ part of Ihese financial stslemenls. Page 9 THE JANET NASH CHARITABLE SErrLEMENT STATEMENT OF FINANCIAL POSMON 30 APRIL 2024 Note As ￿$tsted 2023 2024 FIXED ASSETS T8nglble CURRENT ASSETS Debto 9.285 Cash at bank 89,103 54.941 CREDITORS: Amounts f*lllng due withlft on• year NET CURRENT ASSETS NET ASSETS FUNDS: UnrestrKted fvnds retained at 30 April 2024 111497 TOTAL CHARITY FUNOS 134 035 Mrs J.M. Oacre .S. J•¢0 Mrs C. E. Wegts11 The notes on pages 12 10 16 form part of these financial statements. Page 10 THE JANET NASH CHARtTABLE SErrLEMENT STATEMENT OF CASH FLOWS 30 APRIL 2024 Restated 2023 2024 Cash IIow8 from operating activitles: Net income for the reporting period Depreciation Deereaselllncrease) in debtors Inciease in creditor5 22.538 1,807 9.285 532 19.121 1.807 (9.285) 293 Not cash ProvId￿ by operating activitles 162 Change In cash and cash oqulvalonts In tho rnportlng peflod 34,162 11,936 Ca¥h and cash equlvalents at the beglnnlng of the reportlng period Ca¥h and cash equfvalents at the end of tho rnportlng Peflod 2024 2023 Ana sis of cas ndca uivalents Cash Èl bank Total cash and cash equivalents The notes on pages 12 10 16 form part of these ftnancial stslements. Page 11 THE JANET NASH CHARITABLE SErrLEMENT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS The financh?I statements have been prepared in accordance wth the Slalemenl of Recommended Praclice. Aecounting and Reporb'ng by Charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the United 'ngdom and the Republic of Ireland IFRS1021 issued on 16 July 2014 (the FRS102 SORPI and the Financial Reportsng Standard applicable in the United kingdom and the Republic of Ireland IFRS1021 and the Chants"es Act 2011 and UK Generally A￿epted Practs¢e as il applies from 1 January 2015. The finan￿31 statements have been prepared lo gNe a 'true and fairt view and have departed from the Charib'es (Aceounis and Reports) Regulations 2008 only lo the exlenl required lo give a "irue and fair view-. This departure has inVo￿e￿ following the FRS102 SORP father than the Accounts'ng and Reporting by Charities Statement of Recommended Practs'ce effeth.ve from 1 April 2005 which has since been wilhdrawn. The Charity meets the definits'on of a public benefit entity under FRS102. The financral statements have been prepared under the historiul cost convention_ LEGAL STATUS OF THE CHARITY The Charity is registe￿d ift England and Wales and the registered office is 141 Farmer Ward Road. KeniKvorth, Warwickshire, CV8 2SU. The registered charity number Is 1192831. The Chanty has no shafe capilal. Its prinopal activities are lo make grants and provide assets for charitable use. The Janel Nash Charitable Settlernenl is a Charilable Incorp3rated Organisalion {ClOI which was registered on 17 Decembei 2020. FUND ACCOUNTING Unreslricled funds are available for use at the discrelnn of the Tiuslees in furtheranco of the general objectr'ves of the Charity and which have not been designated for other purposes. Designated fvnds ￿p￿sent the net book value of assets in use for charitable purposes. INCOMING RESOURCES All incoming resources are included in the statement of financial a¢livilies when the Charity is legal￿ entitted lo the income and the amo¥Jnl can be quantified with reasonable ae¢uracy. Income Is measured at the fair value of the consideration feceived or receivable, nel of discounts and value added lax. Major sources ol IncoTh are recognised as fcllows". Page 12 THE JANET NASH CHARITABLE SE￿LEMENT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES (continuedl Donat'ons and gifts Donations and gifts are recognised when the Charity is legalty ents'lled lo the In￿Me and the amount can be quantified with reasonabte accuracy. RESOURCES EXPENDED Donations and grants a￿ accounted ft)ron an attwals basis. Liabilities are re¢ognised where there is a legal or consiwcbve obligation committing Ihe Charity lo the expenditure Other expense5 are ￿cOgniSed In the same way FIXED ASSEfs AND DEPRECIATION Tangible fixed assets are staled at historical cost less a¢¢umulaled deprecHtion and any accumu131ed irnpaimient losses. Historical cost includes expenditure that Is directly attnbulable lo bringing the asset lo the location and condition necessary for it lo be capable of operating In the manner intended Fixed asse15. Other than freehold land. are depreoaled over their estimated econom useful lives as follows.. Freehold property Motor vehicles 2% slraighl line 25% straight line The assets, residual values. useful INes and depreciats.on melhtxls are reviewed. and adiusled prospeclivety If approprtale, Of if there i8 an indLalion of a signthcanl change since the last reportjng dale. Gains and Ios5e5 on disposals are determined by comparing the proceeds with the carrying amount and are recognised wlhin either incoming resources or charitable activilies in the Statement of Finanoal Aclivilies. FINANCIAL INSTRUMENTS The Charity only has financial assels and financial liabilities of a kind that qualify as basic financial instruments. Basi¢ financial instruments ar8 initially recognised at transath'on value and subsequenuy al their setuement value al the balance sheet dale. CREDITORS Credilcrs and provisions are ￿l%￿niSed when the Charity has an obligation afising from a past event that will probably result in the transfer ol funds lo a third party and the amount due lo settle the ob1￿a￿"0n can be measured or estsmaied reliabty. They a￿ normally recognised al their seltlement amount. GOING CONCERN As staled in the Trustee's Report, the Trustees believe there are no rnalerial uncertainties Ihal call Into doubl the Charity's ability to Continue as a going con¢em and the accounts have therefore been prepared on the going concern basi5. Page 13 THE JANET NASH CHARITABLE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2024 SIGNIFICANT JUDGEMENTS AND ESTIMATES Preparation of Ihe financRI statements may require management to make significant judgements and estimates. There are no s￿nifICant judgerrEnts or estimates having a material effect on the finaneial ststements. As restated 2023 GRANTS PAYABLE 2024 To institutions Sl Basils The Get A-Head Charitsble Trust Irish Wheelchair As50ualion JerKho Road Project 10,000 50.000 22,156 10.000 10,000 50,000 6.ODO To individuals130 in lotall Medical Hardship relief 241.286 270,936 12 253 286 282 Included within gran15 payable to indNiduals in ￿Pect ol medKal ￿$ts is expenditu in relation lo staff costs. Wages and salar￿S costs for the yeaf tolalled £19.53112023' £12.840J. secial security Costs lolalled £Nil (2023., £858J and the pension ￿$1 for the year was £6812023. £501). The average head count for the penod was 1 employee (2023. 7 employee). Page 14 THE JANET NASH CHARITABLE SEThLEMENT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2024 TANG18LE FIXED ASSETS Froehold Property Motor Vehlcles Held lor tha￿table purposes Totsl Cost brought loThvard Cost carried forward 20811 20811 111 185 Oepiecialion brought lo￿ard Charge for the year Depreciation carried forward 39,754 20,811 60,565 20 Net Book Value at 30 April 2024 Net Book Value al 30 April 2023 DEBTORS As ￿ stsled 2023 2024 Cxher debtor CREDITORS.. Amounts falllng due wlthln one year 2024 2023 Audit fee Other taxation and sccial security 3,429 3,257 92 RETAINED FUNDS As restated 2023 2024 unrestn.cled General Dosignated 85,222 60,877 50 620 The designated fund ￿presents the nel t¥)ok value of assets in use for charitable purposes. Page 15 PRIOR YEAR ADJUSTMENT A prior year adiustmenl arose on the 2023 figures which had the impact of increasing the 2023 surplus by £9.285 and debtors by the same aft￿unt. This relaled to a credil nole which should have been recognised in 2023 TRUSTEES REMUNERATION No Trustees received any remuneraty.on or reimbursement of expenses. 10. RELATED PARTh ThANSACTIONS The staff employed by the Charity are not Conside￿ to be Key Management personnel. There have been no related party Iransaclions in the year. Page 16