Charlty reglstratlon numbor 1198833 Company reglstratlon numbér 13877812 (England and Wale$) THE JOSEPH COX CHARrrY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023
THE JOSEPH COX CHARITY LEGALAND ADMINISTRATIVE INFORMATION Trust••8 JHCOX CECOX PACOX J M Doyle H M Mackenziè J V Mather AG Morgan Charlty numbor 1198833 Company nurnber 13877812 R•glst•r8d offlco Mary & Joséph Hous8 217 Palmerston straat Ancoats Manchester M126PT Audltor Royce Peeling Green Limited The Copper Room Deva City Office Park Trinity Way Manchester M3 7BG
THE JOSEPH COX CHARITY CONTENTS Pag• Trustees. report Ind8pendent auditors report Slalemant of flnancial activities Balan sheet Notes to the financial statements 8-15
THE JOSEPH COX CHARITY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 The Iru51ees present their annual report and financial stalemenls for the peri(Kl ended 30 September 2023. The company shortened the CUTrenl accounting period from 31 January 2024 to 30 September 2023 to correspond with the historical aOuntIng reference dale applied by the charity. The current accounting period is therefore of 8 months duration. The financial statements have been prepared in accordancè with the a¢¢ounling polic4es set out in note 1 to the financial statements and eomply with the charity's memorandum and articles of association, the Companies Act 2006. the Ch8ri1ies Act 2011 and "Accounting an¢J Reporting by Charities.. Statement of Recommended Practice applicable lo charities pieparing their accoullls in accordance with the FinancAal Reporiing Standard applS¢able In the UK and Republic of Ireland IFRS 102)" {effeclwe 1 January 20191. Objectives and actlvltlès The Joseph Cox Charity provides accommodation and carè for the homeless al Mary and Joseph House, Palmerston Street, Ancoats, Manchester under a Management Agreement with Contour Housing Association. The Charily also assists in the operation of 8 house for homeless young people al 69 Palatine Road, Manchester in conjunction with The De Paul Trust. The Directorsl Trustees continue to look for opportunities for helping th• homeless. The trustees have paid du6 r&gard lo gLJidance issued by the Chaiily Commission in deciding what activities the charity should undertake. Achievements and performance Financial review Total operational income ¢omprising rèvanue from lo¢al aulhorsties amounted lo £1,194,508. In addilion olher income lo18led £38,573, including incorne from invèsltnenls, giving lolal incorning resources of £1,233,079. ReSoUS expended consisted of direct charitable expenditure of £1.094,437. expenditure relating lo raislng funds of £1,500 and governance costs of the charity of £28,937 giving total resources expended of £1,124,874 and nel IncmIng resources for the period amounting to £108,205. After investment losses amounting lo £11,361 and foreign exchange 1055es amounting lo £26 the nel increase in funds for the period amounted lo £96,818. Structure, governance and management The charity is a company limited by guarantee. The objècts of the charity in accordance with the charilvs Articles of Association, are lo relieve. in cases of need, haid5hip or distress, persons in need of assistance by reason of povtsrty or age or infirrnily. The trustees, who are also the directors for the purposè of company law, and who served during the period and up to the date of signature of the financial slalemenls were.. JHCOX CECOX PACOX J M Doyle H M Mad(enzie J V Mather AG Morgan None of the Iru81ees has any beneficial interest in the company. All of the trustees aTe members of the o)mpany and guaranlee to conlribul8 £1 in the event of a winding up.
THE JOSEPH COX CHARITY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 statement of trust¥¢$' r•$ponslbllltl•8 The ITuslee5, who are also the directors of Tho Josèph Cox Charity for the purpose of company law, are responsible for preparirig the TrustEès' Report and the financial stat8Tnents in accordance wth applicable law and United Kingdom Accounting Stsndards IUnSted Kingdom Generally Accepted Accounting Practlcel. Company Law requires Ihe trustees lo prgparè finanaal statements for each financial year which gNe a true ond falr view of the 8tat8 of affairs of the charity and of th8 incoming resources and application of Tesources, including the income and expgnditurè, of the charitable cornpany for thot period. In preparing these financial 8tatgments. the trustees are required to: $01oct suitabl& accounting poliaes and then Bpply them consislenlly,. observe the rnelhods and principles in the Charitlg8 SORP.. mako judgements and eslimatas that are reasonable and pNdenl', and prèpar8 thè flnancial statements on thè golng concern basis unless il is inappropri8le tr) pr8sum& that the charily will continuè in op&ratS0n. The trustees are responsible lor keeplng adequate accounting racords that disclose wlh reasonable accuracy at any bme Ihe financial posilion of the charily and enable them lo ensure that the financlal statements comply with the Companies Act 2006. They are a180 responslble for safeguarding the assets of the ¢harfty and hence for taklng reasonable stops for the prevention and d81action of fraud and other irregularities. Audltor In accordance w(Ih th8 company's arts'cles. a regolullon proposlng that Royce Peeling Green Limited be reapp(Knted as audllor of the L¥)mpany wlll ba pul at a General Me81ing. Th8 trustees, report was approvèd by the Board of TTU8tee3. JHCOX Trusteé Oate: .
THE JOSEPH COX CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JOSEPH COX CHARITY Oplnlon We have audited tha financlal statements of The Joseph Cox Charlly (the 'charSty'l for the period ended 30 September 2023 which comprise the statement of financial activi1185. the balance sheet and notes to the financial statements. including significant accounting policies. The financial reporting fr8Tngwork that has been applled Sn their preparallon Is applicab18 law and United Kingdom Accounting Standards, induding Financial Reporting Standard 102 The Financial Reporting standa applic8ble in Ihe UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion, the finanrial 8tat8m8nts'. give a true and fair viaw ol the stale of the charitable companys affolrs as at 30 September 2023 and of ils incoming resource8 and applicallon of resources, for the period then endèd. have been prop8rly prepared in accordance with Unltèd Ktngdom Generally Accepted Accounting Practice; and have been prepared in 8ccord8nc8 with the Tequirernents of tho Companlas Aet 2006 and ihe Charflles Act 2011. Ba81¥ for oplnlon We conducted our audit in accordan¢e wSth International Standards on Auditing IUKI IISAS (UKII and appllcable law. Our responslblllties under those standards are further described in the Audilors responsitsli1188 for th& audit of Ihe financial slalgmeftts seclion of our report. We are independent of the charity in accordance wlh the ethical requirements that aTe relovant to our audit of the financSal st81omènts In tha UK. Includlng the FRC'S Ethical Standard. and we have luifilled our other elhical responsibi1itie$ in accordanc8 with thèse requirements. We believe that thè audit evidence we have obtainod is sufficient and appropriate lo provide a ba818 for our opinion. ConclusSons Talatlng to golng concem In auditing the flnancial slalements, we hav8 concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial 8tatèm*nts Is approptlate. Basad on the work we havg pèrfomied. we have not identrfied any matarial uncertainties relating to events or conditions that. individually or co118Ctivèly, may cast significanl doubt on thtr Charity's abllily to contlnue os a going concem for a period of al least twelvo months frorn when the financial statgm9llts af9 authori58d for issu6. Our re5ponsibiliti8s and the responsibilities of th8 trustees respect to going conc8rn are de8cribed in the r&l8vant sections of this rgport. other Informatlon Thg Other infomialion comprises the infomialion included in Ihg annual raport other than the financial staternents and our auditor's report Ihereon. Th8 trustees are responsible for the other information containad within the annua1 report. Our opinion on the financia1 st8tements does not cover the other infoTmalioN and we do not exprèss any form ol assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing 80, consider whèther the other infomatlon Is materially inconsistent with the financial statements or our knowledge obtained in th8 course ol the audit, or othenlSe appears lo be rTTralerf¥lly mlsstated. If we identify such material inconsistencies or apparent material mlsstatgm6nts, we are requlred to dgtgTfflSno whathèr thls glves rise to a material misslatemenl in the flnancial statements th8m5è1ves. If. based on the work we have performad. we conclude that there is a material misstatement ol this other Information. we are required lo report thal fact. We have nothing to report in this regard. Maltgrs on whlch we aro roqulrad to r•port by ex¢eptlgn W8 havè nothing lo rgport In respect of the following matters In relation to which the Charities (Accounts and Reports) Regulations 2008 require us lo report to you If, In our oplnion.. the inforrnalion glven in the financial statemenls Is Inconsislenl in any material respect with the trustèès, report., OT sufficient aceounting records hav8 not been kept.. or the finan¢i81 statements are not in agreement with the accounting Tecord$', or we hava not received all the information and explanations we r8quire for our aud.
THE JOSEPH COX CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE JOSEPH COX CHARITY Responslbllltle$ of trustees As explained more fully in thè slaltsmenl of Irusl@$s' responsibilities. the trustees, who are also the directors of the tharily for the purpose of Company law, arè iesponsible for the preparation ol the financial statements and lor being satisfied that they give a true and fair view, and for such internal control as the IrLJStees determine is necessary to enable the preparation ol linanaal slalemenls that are free from material misslatemenl, whether due to fraud or error. In preparing the financial statements. the trustees are responsibl& for assessing the charity's ability lo continue as a going concern, disdosing, as applicable, matters related to going collcein and using the going Conrll basis of aecoLJnting unlèss th8 trLJStees either Intend lo liquidate the charitable company OT to cease operalions, or have no realisti¢ alterllative but to do so. Auditor's responsibilities for the audit of the financial statèmants We have been appointed as auditor under section 144 of the Charities Aet 2011 and r8POrt in a¢¢ordan¢e wlh the Act and relevanl regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from maleTial misslalemenl, whether due lo fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level ol assurance but is not a guarantee that an audit conducted in a¢¢ordance with ISAS IUIQ will always detect a material misstatement when it eyists. Misstatements CAn arise from fraud or error and are considered material il. individually or in the aggregate, they could reasonably be expected lo influence thé economi¢ decisions of users taken on the basis of these financial slalemenls. The exlenl lo which our procedures are capable of detecting irregularities. induding fraud, is detailed below. At the planning stage of the audit we gain an understanding of the laws and regulations which apply lo the company and how management seek to comply with thern. This helps us lo make appropriate risk ass8ssmenls. We focus our work on relevant risk aTe8s and review Complian with laws and regulations through making Televant enquiries and corroboration by, for example, reviewing Board Minutes and other documenlalion. We assess Ihe risk of material missialement in Ihe financial statements including as a result of fraud and undertake prOdureS such as.. Review of controls set in place by management Enquiry ol tnanagemenl as to whether they consider fraud or other irregularities may have occuired or where such opportunity might exist 11. Challenge of management assumptions Wlth regard lo accounting estimates 111. Idenlificalion and testing of journal entries, particularly those which may appear to be unusual by size or nature. Because of the Inherent Ilmltations of an audit. there is a risk that we V11 not delecl all iTregulaTilies, including those leading to a material misslalernenl in the financial slalernents. or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions r&fleet8d in the financial statements, as we are less likely to become aware of instances of non-compliance. The risk is also greatèr regarding irregularities occurring due lo fraud rather than error, as fraud involves inl8nllonal ¢on¢ealmenl, forgery, ¢ollusion, omission or misrepresentation. A further description of our Tesponsibililies is availab18 on the Financial Reporting Council's website al.. htlps'.11 www.frc.OTg.uklauditorsresponsibililies. This des¢riplion forms part of our auditorfs report.
THE JOSEPH COX CHARITY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE JOSEPH COX CHARITY Use of our rèport This report is made solely lo the charity's trustees, as a body, in a¢¢ordance with part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been Ljndertaken so Ihal we might state to the ¢haiills trustees those matters we ale required to slate lo them in an auditorfs report and for no other purpose. To the fullest extent permilted by law. we do not accept or assume respollsibilily lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, lor this report, or for the opinKJns we hav8 formed. Martln Chatten Isenior Statutory Audltorl for and on behalf of Royce Peeling Green Limited Chartered Accountants Statutory Auditor The Copp&r Room Deva CY Office Park Trinity Way Manchester M3 7BG Royce Peeling Green Lirniled is eligible for appoinlmenl as auditor of the charity by virtue of its eliglblllly for appointment 8$ audrtor of a company under section 1212 ofthe Companies Act 2006.
THE JOSEPH COX CHARITY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 SEPTEMBER 2023 UF UF 8 months to 12 months to 30,09.23 31.01.23 Notes Incomo from: Charitablè acllvlUas Investments 1,204.039 29,040 408,884 1,453 Total Income 1,233,079 410,337 Expèndltur• on: Raislng funds Charitable activities 1,500 1,123,374 511 400,841 Total gxpgndlluro 1,124.874 401.352 Nel Ilossesllgains on inve3lments 111,3611 21.274 Net Incomo 96.844 30.259 Transfer of undertaking 1,142,463 other recogni5ed galns and losses: Olhar Ilossesllgains 10 1261 44 Net movemont In fund$ 96.818 1,172.786 Reconciliation ot funds: Fund balances at 1 February 2023 1,172,766 Fund balances ot 30 S•pt•mbor 2023 1.269.584 1.172,766 Th8 Stotemenl of flnancial acllvitles includes all gains and losses recognised in th8 p8rlod. All income and xp6ndltura dorive from continuing actlvlU8S.
THE JOSEPH COX CHARITY BALANCE SHEET ASAT 30 SEPTEMBER 2023 30.09.23 31.01.23 Notes Flxgd ass•t$ TBnglble assets Investments 11 12 313,517 190,594 322.740 415.741 504.111 738,481 Current assèts Debtors Cash al bank and In hand 13 24,894 864,797 22,734 496,742 889,691 519,476 Credllgr¥- amgurtts falllng due wlthin one year 14 124.218 85,191 Ngt cuNent assets 765.473 434,285 Total assets cuiront Ilabllltl•8 1.269,584 1,172,756 Tho funds of the charlty Unrestricted funds 1,269.584 1.172.766 1,269,584 1.172.766 The cornpany is entStled to the exemption from the audit requlremènt eoniained In sectlon 477 01 the Companies Act 2006. for the period ended 30 September 2023, although an audit has been carried out under section 144 of the Charities Act 2011. The Iruslees acknowledge their respon8ibilitie$ for complying with the requirements of the Companies Act 2006 with r•spect to accounting reoords and the preparation of financiol statémènts. These fin8nclal siaternenls have pwpared in accordance with the provi$lon8 appllcabl8 to companles subject lo the Srnall companies regime. Tha financial slatemgnls wèrè approved by the Iru8tees on ......................... JHCOX Trustee Company registration nvmber 13877812 {England and Wales)
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEAIBER 2023 Accountlng pollcl•s Charlty Inforrnatlon The Joseph Cox Charity is a PTNal8 company Ilmited by guarantee incorporalgd in England and Wales. The registered office is Mary & Joseph House, 217 P8lm8rstc¥) street, Ancoa15, Manchester, M12 6PT. 1.1 Reportlng parlod The charity's previous reporting period w&8 to 31 January 2023, thèmfom ihese financial slalements cover a Pgriod from 1 Febnjary 2023 10 30 Sèptember 2023. 1.2 Accountlng conventlon The financial stalemgnts have been prepared in accordance with the ch8TiV8 memorandum and articles of association, th8 Comp8ni8s Act 2006, FRS 102 "Th$ Financial Reporting Standard applicable in the UK and Rapublic of Ireland" I'FRS 102.1, the Charities Act 2011 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢ab19 to charities preparing their acwunts In accord8n¢g with the Financial R9POrting Standard applicab19 in thè UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The ch8Tity Is a Public Benefit Entity a8 d8flngd by FRS 102. Th& charity has lakgn ailvantage of the provlslons In the SORP for charittes rK>I lo prtrpare a Statement of Cash Flows. The financial stal*manis ale prepargd in sterting, which is the functional ¢urrency of the tharily. Monetary amournls in these financlal statements are rounded to the nearest £. Thg financial statements hav9 btren prepared under th8 hi8trJrieBI cost convention. The prinripal accountlng policie8 adopted are set out below. 1.3 Golrtg concorn At the time of approwng the financial ststements, the trustees have a reasonable $xpectation Ihat the charity ha5 adequate resources to continue in op6rational existence for the foreseeable futuro. Thus the truslees contlnue to adopt the going ¢onc8m basis of awgunting in preparing the financial ststelngnts. 1.4 Charitabl• funds Unrèstricted funds arg avaSlable for use at the dlsuetion of the trustees in furth&r8nc& of thelr charitable objectives. Restflcled funds are subleet lo speclfic (xjndlllons by donors or grantors as to how they may be used. The purposes and uses of tha restrfcted funds are $01 out In the notes to the financial statements. 1.5 Incorng Incom& is recogni8ed whan the charity is legally entitled to il after any performoncg condlOnS have been mel, the arpounts can be me88urèd reliably, and il is probable that income will b8 receivgd. Cash donation3 are rgcognised on receipt. Other donations are recogni88d onc9 thg charity has been notifd of the donation. unless pèrformance condltlons r9qulre deferral of the amount. Incomè tax rocoverable in relation lo donations received under Gift Aid or degds of covènant is recognised at the lime of Ihg donation. Legacies are recogni3ed on roceipt or othgrw18e If the charfty has been notified ol an Ifflpondlng dlstrlbutlon. Ihe amount Is known, and Tacèlpl is expected. If the amount is not known, the legacy 18 treat•d as a contingent 85S8t.
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Accountlng pollde¥ Icontlnuedl 1.6 Expendltur8 Expenditure is recognised on(* there Is a legal or constructive oblig8fjon lo transfer economlc benefit lo a third party, It Is probable that a transfèr of economic benefits will be required in sètt16ment. and the amount of the obligation can be measured reliably. Expenditur8 is dassifiad by aclivity. The co3t3 of each activity are made up of the lolal of direct wst8 8nd shared costs, including 5UPPtsrt costs involved in undertaking e8oh activity. Direcl costs attributable to a 8inglg octivity are allocated direclty to that activity. Shared costs which contTibutè to more than one activity an¢J support ¢osts which are not allribulable to a single activity are apportiongd between those activities on a basis consistent with the use ol resources. Central staff costs are allocated on the basis of tlme spenl. and depreciation charges arg allocated on the portion of th8 8SSat's use. 1.7 Tanglble fixed a¥sets Tangible fixed assets are initially mgasured ot cost and subsequentty measured 81 cost or valuatlon. nel of depreciation and any Impairment10558s. Depreoalion is re¢ognlsed so as to wrilg off the cost or valuation of assets1ess Ihtir resldual values over their useful lives on the followlng bases.. Fraahold land and buildings Leasehold improv9mants Equipment, fixturas and fillings Motor vghicles Not d8preci8ted S% rèducing balance 20Vo reducing balance 25% reducing balancg The gain or loss arising on the disposol of an asset is determined as the differencè b&twe6n the sale proceed and the carrying value of the asset, and Is r8cognised in the statement of financial aclivitiOS. 1.8 Flxed as¥•t Investments Fixed asset investments aré Initialty measured al transaction price excluding transaction costs, and are Subseqvèntly measured al falr value at each reporting dale. Changès in falr value are recognised in nel Sncomellexpenditurèl for the year. Tr8nSaCtion costs are expensed as incurred. 1.9 Impalrment of fix•d assets At each reporting end date, th8 eharity reviews the carrying amounts of Its tangible assets to determin8 whether Ih8ra Is any Indication that those asseis have suffered an impairment loss. If any such indication axists, th8 recoverable amount ol the asset is estimated in order to deleTTnine th8 èxtènt of the impairment loss lif any). 1.10 Cash and ca¥h equlval8nts Cash and cash equivalents includè cash in hand. deposits held al c811 with banks, other short-term liquid investments with original malurilies of three months or less. and bank overdraft8. Bank overdrafts are shown withln borrowings In curfent liabili1188. 1.11 Financial Instruments The charity has elected to apply the PTovision8 of S8Ctlon 11 'Basic FSnancial Instrument8, and Sectlon 12 'Oth8r Financial Inslfum8nts Issues. ol FRS 102 lo all of ils financial Instruments. Financial instiuments are Tecognlsed in the charity's balance sheet vthen tha chBrily becomes party lo the Contractual pmisions ol the instrumant. Financial assets and liabilities are offset, wlih the not amounts pr8senled in the financial slatemgnts. when there is a lègally enforceabl& right lo set off thg recognis8d arnounts and there is an inlents'on to 89ttle on a net basis or to realise the as3gt and settle the liability siwult8ngousIy.
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Accountlng pollcles Icontlnuedl Baslc flnanclal assèts Basic financial assets, which include debtors and cash and bank b8lanc8s. ar8 Inltlally measured al transaction pri¢9 including transaction costs and are subsequently carried al amortisEd cost uslng the effective Snleresl method unless the arrangement ¢on¥litut8s a financing transaction, where the transaction is measured at the present valuè of the future receipts dis¢ounlgd at a market rate of interesL Finari¢ial assats clas8ilied as receivable wilhir5 ong y8ar are not amortised. Baslc financ141 llabllltl•s Basic financial liabilities are initially recognlsed at transaction price. Flnandal Ilabllltles classlfied as payable within one year a not amortised. Trade credltors are obligations lo pay for goods or 8ervl¢os that hava been acquired in the ordin8ry coursa of operations from suppliers. Amounis payable are classified a5 currant liabilities il payment is due within one year or le55. 11 nol. they are pres8nted as non-current liabilities. Trade credbtors are recognised initially at transaction prfce and subsequently rn08sured at amortised cost using Iho 8ff8ctlvè interest method. Der8cognltlon of linanclal Ilabllltles Financial liabilities are d9racognlsed when Ihe charity's eonlractual obligation8 expire or 8rg dlscharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in Ihg perl(Kl In which the employee's 8ervico8 arg received. T8rmination benefits ar8 racognised irnrnediately ag an expense when the charity is d8monstr8bly commilted lo termlnBte the employfflent of Bn employe8 or to provldè tamiination benefits. 1.13 Retlrement bènèfits Payments to defined contribution retlremenl benefit 8chemes Bre charged as an exp8n88 a8 Ih8y fall du8. In¢om• from charltabl• actlvltlo8 UF UF 8 months to 12 month5 to 30.09.23 31.01.23 Incomtr from local aulhori11g8 oth8r rental income 1,194,506 9.533 407.717 1,167 1,204,039 408.884 10-
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Incomè from Investment UF 8 months to UF 12 months 30.09.23 31.01.23 Income from Il$1gd Investments Interest rgcelvBble 25.324 3,716 523 930 29,040 1.453 Exp•ndltur• on ralslng funds UF 8 months to UF 12 months to 31.01.23 30.09.23 Invèstment management 1,500 511 Expendltur• on eharltable actlvltle$ UF 8 months UF12 months to 31.01.23 30.09.23 0Srect coJt8 staff cost8 Depr8Clation and impairment Other care services 738,126 17.702 338.609 289.329 6.168 95.904 1,094,437 391.401 Share of support and g<)vgmance costs Govemance 28.937 9,440 1,123,374 400,841 Analysls by fund Unreslricled funds 1,123,374 400.841 Trustègs None of th8 trustees lor any parsons connected with Iheml received any rèmunerat or beneftts from the charity durfng the period.
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 Employ••s Th8 average monthly numbgr of 8mployees during th8 Period was.. 8 months to 12 months to 30.09.23 31.01.23 Number Number Toial 38 39 Employment costs 8 months to 12 months to 30.09.23 31.01.23 Wages and salaries Social sècurity costs Other penslon costs 663,164 60,107 14,855 260.849 22,843 5,637 738.126 289,32g For the comparative period, the number of ernployees was averaged for the 3 months followlng the tr8nsf¢r of Ihg Charills activltlès into this enbly. There were no ernoYeeS 088 annual remunerallon was more Ih8n £60,000. GJins and lossès on Invèstmants UF 8 month$ to UF 12 months to 31.01.23 30.09.23 Gainslllo$$&sl arfslng on.. Revaluation of inv831m8nls Sale of investments 11,3591 110,0021 17.164 4,110 111,3611 21,274 Taxatlon The charity is exempl from tsxallon on Its BctSvltles because 811 Its In¢ome Is applied for charitat4e Purposes. 12.
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 10 Othor galn$ and I98¥ UF B months to UF 12 months 30.09.23 31.lJ1.23 Gain8111033esl upon.. Foreign exchange 26 1441 11 Tanglbl• flx•d ass•t• Freqhold Ibnd Lga$ghold Èqulpmont, and bulldlnos Improv8m•nt8 fixture5 and fltilngs Motor v¢hl¢los Tol•l Cost Al 1 February 2023 Addition5 214.251 65,702 346,268 8,479 24,554 650.775 8.479 At 30 September 2023 214,251 65.702 354,747 24,554 659,254 DgpFoclallon and Impalrnient At 1 February 2023 Depreciation charged in the period 24.251 46.978 637 237,007 16,178 19.799 887 328,035 17.702 AI 30 Seplernber 2023 24,251 47.615 253,185 20.686 345,737 Carrylng amount AI 30 September 2023 190,000 18.087 101,562 3.868 313.517 Al 31 January 2023 190,000 18,724 109,261 4.75S 322.740 Freehold land and buildings is made up of a freehold property al Palatine Road, Withington. Manchester, which was valued al a market value of £190,000 by Colliers International in July 2013. The Directors consider this valuation to be appropriate al 30 September 2023. 13-
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 12 Flxed asset Investments Llst•d Inv•stm•nts Cost or valuallon At 1 F8bruary 2023 Additions Valuation changes Dispo8&s 415,741 3,593 111,3611 (217.3791 At 30 S8pl8mber 2023 190,594 Carrylng amount AI 30 September 2023 190,594 At 31 Jgnuary 2023 415,741 13 Debtors 30.09.23 31.01.23 Amounts falllng du• vAthln onè y8ar: Olhef debtor8 Prepayments and accrued income 453 24,441 4,134 18,600 24.894 22.734 14 Cr•dltors', amounts falllno du• wlthln on• y•ar 30.09.23 31.01.23 Other creditor5 Accruals and d8f8rr8d Incoma 89.321 34,897 40,860 44.331 124,218 85,191 15 Unr•strIad funds The unre51ricled funds of the charlly eomprfse the unexpgnded balances of donations and grants whlch are not subject to specific conditions by donors and grantor8 a8 lo how they may be used. These Include designated funds which have been sel a$lde out of unrestricted funds by the trustees for spe¢lfl¢ puiposes. At 1 Fèbruary 2023 Incomlng resourcès R•iourcg• •xp¢ndgd Transfers Gains and losses At30 Sept•mb•r 2023 General funds 1,172,766 1,233.079 11,124,874) {11,3871 1.269,584 14-
THE JOSEPH COX CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 SEPTEMBER 2023 15 Unr•strl¢t•d funds Icontlnuedl Prevlous perlod: At 1 Fèbruary 2022 Incornlng resources R8soure•$ ¥xpend¢d Transfers Galn¥ and At 31 January losses 2023 General funds 410,337 {401,3521 1,142,463 21,318 1,172.766 16 Share capltal The company is limited by guarantee, not having a share capital and consèquently the liabillty of mèmbers Is Ilmllèd, Subject lo an undertaking by e8ch rrember lo contribute to the net a55e15 or liabilities of the company on winding up such amounts as may be required not exceedlng £1. 17 R•lat•d party Iransactlons There were no disclosable r61at8d party Iran3actions during thè pariod. 15.