## **ANNUAL REPORT AND ACCOUNTS**
**TRUSTEES REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2022**
**CHARITY REGISTRATION NO 1195953**
**1**
## **TABLE OF CONTENTS**
**Table of contents ............................................................................................................................ 2 Reference and administrative information ...................................................................................... 3 Trustees' Report ............................................................................................................................. 4 Statement Of Financial Activities ..................................................................................................... 5 Balance Sheet ................................................................................................................................. 6 Notes to the Financial Statements ...................................................................................................7**
**2**
## **REFERENCE AND ADMINISTRATIVE INFORMATION Trustees & Officers of the Charity**
**Chairperson Naina Chauhan Trustees Gillian Cammack Giuseppe Marcantonio Rahul Devan Chauhan Rishil Patel Robert Rea William Mark Porter Charity Number 1195953 Charity’s Office 47 The Glade Epsom KT17 2HL Banker Barclays**
**3**
## **TRUSTEES' REPORT**
## **Report of the trustees for the year ended 30th September 2022**
## **Objectives**
The charity exists to support people with glioblastoma, their families and carers, by relieving financial hardship providing information about glioblastoma.
## **Structure, Governance and Management**
The Jay C Trust was founded in May 2021 and registered with the Charity Commission as a CIO on 28th September 2021. There were 7 initial trustees. Jyoti Chauhan stepped down in March 2022 and Rishil Patel joined in June 2022.
The trustees' have acted in line with the charity's constitution and its other policies.
During the year, trustee meetings were conducted in a variety of formats: online, hybrid and faceto-face.
The charity is in the process of registering with HMRC.
## **Staff**
The charity does not employ any staff but did pay for a variety of professional help during the setup period to ensure that the appropriate policies, procedures and associated documents were in place for registration with the Charity Commission.
## **Activities**
During the year The Jay C Trust has focussed on fundraising and publicity. It has developed a social media presence and has a website enabling the public to interact with all aspects of the charity.
The inaugural fundraising event – a charity fair in Stoneleigh, Surrey in October 2021 - was followed by a dinner and dance in Birmingham in November. Throughout the year individuals and small groups have continued to raise money for the charity by regular giving, sponsored challenges and other events.
A small monthly support group has been run in Stoneleigh.
The trustees have worked hard to create a robust grant making process by using appropriate IT and seeking advice of medical professionals. This went live in the summer and the trustees are now focussing on publicising the availability of grants through GP surgeries, hospitals, hospices, social media, the website and written materials.
The charity has continued to network with other charities in similar fields.
## **Financial Review**
During the year the charity's main source of income has been fundraising done by the charity, fundraising done by others in aid of the charity and the regular giving of some donors. In the future it is anticipated that the charity's major expenditure will be on the giving of grants to those affected by glioblastoma, but during this initial year expenditure has been largely on set-up and publicity.
The Reserves Policy sets the reserves at three months operational expenditure.
4
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **(INCOME & EXPENDITURE ACCOUNT) For the year ended 30 September 2022**
|Notes
**Income and endowments from:**
**Donations, legacies and similar income**
Gift Aid, Covenants and general
donations
[2]
**Incoming resources from charitable**
**activities**
Fundraising Activities
**Total incoming resources**
**Expenditure on:**
Charitable activities
[3]
Donation to Charitable Organisations
**Total resources expended**
Net incoming (outgoing) resources for
the year
Transfers between funds
Net movement in funds
**Funds at 28 September2021**
**Funds at 30 September 2022**|**Unrestricted**
**Restricted**
**Total 2022**
**£**
**£**
**£**
26036.91
-
26036.91
8146.33
-
8146.33|
|---|---|
||**34183.24**
**-**
**34183.24**
8098.82
-
8098.82
100.00
-
100.00|
||**8198.82**
**-**
**8198.82**
25984.42
-
25984.42
-
-
-|
||25984.42
-
25984.42
**-**
**-**
**-**|
||**25984.42**
**-**
**25984.42**|
The notes on pages 7 to 9 form part of the accounts.
**5**
## **BALANCE SHEET**
## **For the year ended 30 September 2022**
|Notes
**CURRENT ASSETS**
Cash in hand and at bank
[4]
**CURRENT LIABILITIES**
Creditors: Amounts falling due
within one year
[5]
NET CURRENT ASSETS
**NET ASSETS**
**Funds & Reserves**
**Accumulated Funds**
[6]|**Unrestricted**
**Restricted**
**Total 2022**
**£**
**£**
**£**
25984.42
-
25984.42|
|---|---|
||**25984.42**
**-**
**25984.42**
-
-
-|
||**-**
**-**
**-**
25984.42
-
25984.42|
||**25984.42**
**-**
**25984.42**|
||**25984.42**
**-**
**25984.42**|
|||
|The notes on pages 7 to 9 form part of the accounts.||
**6**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. ACCOUNTING POLICIES**
## _**a) Basis of preparation**_
The accounts have been prepared under the historic cost convention except for investments, which are valued at market value. The accounts have been prepared in accordance with the Charities Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" and the Charities Act 2011.
## _**b) Fund Accounting**_
The unrestricted Income Fund can be spent on any purpose within the organisation's objects at the discretion of the trustees.
## _**c) Incoming Resources**_
All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Interest and dividends are fully accrued at the balance sheet date.
## _**d) Resources expended**_
Resources expended are included in the statement of financial activities on an accrual’s basis, inclusive of any VAT, which cannot be recovered. Grants and donations payable are accounted for when a legal or constructive obligation arises. A constructive obligation arises where the other party has a reasonable expectation of receipt.
## _**e) Tangible fixed assets**_
Fixed assets comprise office furniture and equipment are now fully depreciated. All assets costing more than £100 are capitalized at historic cost.
## _**f) Related party transactions and trustee's remuneration**_
Trustees received no emoluments during the year (2021: £nil) nor expenses in the year (2021: £nil).
## _**g) Valued Added Tax**_
Value added tax is not recoverable by the charity.
**7**
## **2. GIFT AID, COVENANTS AND GENERAL DONATIONS**
|Donations
Fundraising Contributions
JustGiving Contributions
Matched Donations
Payroll Giving
**3. EXPENDITURE ON CHARITABLE ACTIVITIES**
Fundraising Expenditure
Bank charges and merchant fees
Professional Fees
Insurance
Marketing & Promotions
Printing and Stationary Costs
Software and Computer expense
Sundry Expenses
Telephone and Email
Website Running Cost
**4. CASH IN HAND AND AT BANK**
Petty Cash
Current Account
Paypal and Stripe Accounts
**5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**
Accruals and deferred income|**Unrestricted**
**Restricted**
**Total 2022**
**£**
**£**
**£**
12144.96
-
12144.96
3607.07
-
3607.07
5384.88
-
5384.88
4000.00
-
4000.00
900.00
-
900.00|
|---|---|
||**26036.91**
**-**
**26036.91**|
||**Unrestricted**
**Restricted**
**Total 2022**
**£**
**£**
**£**
3488.98
-
3488.98
137.17
-
137.17
690.00
-
690.00
96.00
-
96.00
2553.88
-
2553.88
214.76
-
214.76
124.32
-
124.32
250.30
-
250.30
87.50
-
87.50
455.91
-
455.91|
||**8098.82-**
**-**
**8098.82-**|
||**Unrestricted**
**Restricted**
**Total 2022**
**£**
**£**
**£**
6.77
-
6.77
25896.27
-
25896.27
81.38
-
81.38|
||**25984.42**
**-**
**25984.42**|
||**YEAR**
**Unrestricted**
**Restricted**
**Total 2022**
**£**
**£**
**£**
-
-
-|
||**-**
**-**
**-**|
**8**
## **6. ACCUMULATED FUNDS**
|**. ACCUMULATED FUNDS**||
|---|---|
|General Funds (Unrestricted)|**Opening**
**Balance**
**Income**
**Expenditu**
**re**
**Transfers**
**Closing**
**Balance**
**£**
**£**
**£**
**£**
**£**
-
34183.24
8198.82
-
25984.42|
||**-**
**34183.24**
**8198.82**
**-**
**25984.42**|
**9**
THE JAY C TRL"ST
FINANCIAL STATF.MF.NT.
FOR THE YEAR F.NDF.D 30 SF.PTEMBER 2022
We report to ihe Truslees of the Jav C Trust on the accounts for the year ended 30 SepteTnber
2092 as sel out on Pages 5 10 9.
Res
ectii'e res
onsibilities ofTrustees and Examiner
The chariiy s trusiees are responsible for the preparation ofihe accounts. The charily's
trustees consider Ihai an audit is noi required lor this N"ear under Section 144 of the Chariti¢s
Act ?01 l (the Charities Act) and ihal an independent examination is required.
It is our responsibililj to-
examine ihe accounis under Seciion 14) of the Chariiies Aci-
follow procedures laid do in the general Direclions given bv the Charit! Commission
(under SeLlion 14i(i)Ib) ot- Ihe Charities Acl1= and
stale 'hether panicular mailers hai'e come io our aiiention
Basis of Inde
endent Examiner's re
ort
Our examination was carried oul in accordance w'iih the general Directions given b), the
CharitN' Commission. An examination includes a reN'iev¥ of the accounting records kept by the
charil!. and a comparison of the accounts presented 'Ith those records. li also includes
consideration of an!. unusual items or disclosures in ihe financial return. and seeking
explanations from the trustees concerning anw such matters. The procedures undertaken do
not proi'ide all the eN'idence that w'ould be required in an audit. and consequentlv no opinion
is &viven as io i%,hether the accounts pr¢seni a-"Irue and fair i'iew. and th¢ rewrt is limiied to
those matters sei oui in ihe slalemeni beloH-.
Inde
endent Ex#miner's statement
In connection '1th our examination. no matter has come to our attention:
hich gil'es us reasonable cause io beliei'e thai in an)" material respeci. the requirements..
to keep Proper accounting records in accordance 7th section 130 of the Charities Act.
to prepare accounts w'hich accord ii'iih the accouniing records and comply with the
accounting requirements of ihe Charities Aci hai'e not been met: or
2. to hich. in our opinion. attention should be drdWI in order lo enable a proper
understanding of the accounls io k reached.
os
18, THF. BROADWAY
STI)NELF.IC:H, F.WF.LL
EPSONI,
SURREY, KT17 2HLI
L & F ACCOI;h'TING LTD.
CHARTERED ACCOliYTANTS
31 JULY 2023
-io-