JOHN JONES CHARITY UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 JOHN JONES CHARITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 INDEX Pa Annual Report of the Trustees Report of the Independent Examiner Receipts and Payments Account Statement ofAssets and Liabilities Notes lo the Financial Statements JOHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEES The Trustees submit their report and financial statements for the year ended 31st De￿rnber 2021. Histo ob-ectives and activities of the Chari The John Jones Charity was founded by a will proved on 27th April 1513 and comprised in a scheme made under the Endowed Schools Acts on the 29th November 1881. The Charity is a registered charity number204800. The Charity is established to provide financial assistance lo the Parochial Church Council of Cirencesler for the upkeep and repair of the fabric of the Parish Church and lo Powells Educational Foundation. Grant makin The Charity is bound by the scheme whereby lh￿e-frfthS of net income is applied lo the Parochial Church Council of Cirencester for the upkeep and repair of the fabric of the Parish Church, one fifth is applied lo Powells Educational Foundab'on and the remaining one fifth is applied at the discretion of the Trustees lo the before mentioned purposes. Achievements and erformance Perry Bishop have managed the letlings of the flats since late 2020 when the lellings manager, Daisy Alban-Jones, transferred lo Perry Bishop from Hardcaslles. Daisy and her colleague, Laura Porter. continue lo provide an efficient service. Flat 1: Two new Tenants arrived in January 2021, bul then left in August. Two further new Tenants then took up occupation in October 2021. Flat 2.- The original tenants remain in oecupalion although an additional Tenant then look up occupation in December 2021. Flat 3.. One of the original Tenants gave notice lo leave in July. A Replacement joint Tenant commenced occupation in September 2021 and both Tenants remained in occupation until the end of the year. Shops: The shops continued lo be managed by John Thomson. In each case further modest discounts were agreed in respect of their rent but, in the circumstanees, both Tenants were able to trade periodically, such that by the end of the year there were only modest outstanding arrears. Condition ol the property: During the course of the year, the property was periodically inspected by Hardcaslles, Perry Bishop, John Thomson and Jerry Thornton. Once again, minor works of repair were carried out as recommended by the surveyor5, but the general condition of the propety was considered lo be salisfaclory. Mana ement and overnance arran ements The Trust Deed provi(Jes for a maximum of 7 Trustees.. 3 ex-officio Trustees, being the Vicar and Churchwardens of Parish of Sl. John Baptist, Cirencesler., 2 nominative Trustees, appointed by Powell's Educational Foundation and 2 co-optalive Trustees, who through residence, occupation or employment, or otherwise have special knowledge of Cirencesler. Where there is a requirement for new co-optslive trustees, they are identified and appointed by the remaining Trustees. The chair of Trustees is responsible for the induction of any new Trustee which involves the awareness of a Trustee's responsibilities, the governing document, adminislralive procedures, the history and philosophical approach of the Charity. The Trustees who served during the year were'.- Miss A S Anderson Mrs P M Chesler-master Rev. Canon G E Morris Dr R M Reece- Chairman Mr N Robbins OBE m￿ D Waddell MrCFBWoodd JOHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEES CONTINUED Financial review investment lic and reserves The results for the year are as set out in the Receipts and Payments Account on page 5. The Trustees consider that the slate of affairs of the Charity is satisfactory. Cash not needed for immediate purposes is invested in bank deposit accounts and endowment funds are invested in the CBF Church of England Investment Fund It is the policy of the Charity lo maintain unreslrr¢led funds, which are the free reserves of the Charity al a level which provides sufficient funds lo cover anb'cipaled property expenses and managerial and adminislralion costs. Public Bgneflt In planning the Charity's activits'es for the year the Trustees kept in mind the Charity Commission's guidance on public benefit at their meetings. Trustees rofessional advisers and corres ondence address Trustees as at 31st December 2021 Miss A S Anderson Mrs P M Chester-masler Rev. Canon G E Morris DrRMRee Mr N Robbins OBE Mrs D Weddell MrCFBWoodd Clerk to the Trustees.. Mr. R.R. Mullings Independent Examiner: Miss Ruth Herbert FCCA Wenn Townsend Gosdilch House 5 Gosdilch Street Cirencester Gloucestershire GL7 2AG Bankern: Lloyds Bank plc 14 Castle Street Cirencesler Gloucestershire GL7 1QJ Sollcitors: Sewell Mullings Logie 7 Dollar Street Cirencesler Glouceslershi GL7 2AS Correspondence Address: 7 Dollar Street Cirencesler Glouceslershi GL7 2AS JOHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEES CONTINUED Statement of Trustees res onsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the Charity and of the income and expendf(ure of the Charity for that period. The Tnjslees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They 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. Mr. R.R. Mullings - Clerk lo the Trustees On behalf of the Trustees Dale.. 6th October 2022 JOHN JONES CHARITY INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF JOHN JONES CHARITY I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021 which are sel out on pages 5 to 9. Responsibilities and basis of report As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'i. I report in respect of my examination of the Charity's accounts carried out under section 14S of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material mallers have come lo my attention in connection with the examination giving me cause to believe that in any material respect". accounting records were not kept in respeel of the Charity a5 required by section 730 of the Act., or 2. the accounts do not accord with those re¢ord5. I have no eoncerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Name: Ruth Herbert FCCA Relevant Professional qualification or body: Address: Chartered Certrfied Accountant Wenn Townsend Gosditch House S Gosditch Street Cirencester Gloucestershire GL7 2AG Date: 11th October 2022 JOHN JONES CHARITY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2021 Note Unrestricted Endowment Funds Funds Total 2020 2021 Recoipts Rents received Investment income 50,513 5,993 50,513 5.993 46,597 5,788 Total receipts 56,506 56,506 52,385 Payments Propety expenses Grants Governance costs 10,702 10,702 11.728 9,350 9,350 9,960 20.052 20,052 Investment purchases 21,688 Total payments 20,052 20,052 21,688 Net receiptsllpaymentsl for tho year 36,454 36,454 30,697 Transfers belween funds Cash funds brought forward 77,413 77,413 46,716 Cash funds carried fonvard £ 113,867 £ 113,867 £77,413 JOHN JONES CHARITY STATEMENT OF ASSETS AND LIABILITIES 31ST DECEMBER 2021 Note Funds Unrestricted Endowment Fund Total 2021 2020 Fixed assets Freehold properties Investments 361,701 148,912 361,7D1 361,701 235,844 206,605 86,932 86,932 510,613 597,545 568,306 Current asset$ Debtors Cash funds 4.496 113,867 4,496 113,867 5.748 77,413 10 118,363 118,363 Creditors". amourils falling due within one year 83,161 11 111,528 111,528 75,872 Net current assetsl(liabilitiesl 6,835 6,835 7,289 Net assets £ 93,767 £ 510,613 £ 604,380 £ 575,595 These financial statements were approved by the Trustees on 6th October 2022 and signed on ils behalf by.. . Dr. R. M. Reece (Chairman) JOHN JONES CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 2020 1. Rents recoived Buchner 21 Wesl Market Place 23 Wesl Market Place 1st Floor 2nd Floor 3rd Floor 18 11,524 14,284 8,247 9,300 7,140 18 8,475 12,394 8,445 10,155 7,110 £ 50,513 £ 46,697 2. Investment income Dividends Bank deposit interest 5,993 5,788 £ 5,993 £ 5,788 3. Pro ex enses Letting agents fees Legal and professional fees Repairs Gap Utilities stairway light and heat Insurance Deduct.. 3,546 3,277 1.763 4,381 5,526 174 2,741 11,2851 224 2,479 13961 Tenants contributions £ 10,702 £ 11,728 4. Grants aid In ear Fabric fund of Cirencester Parish Church1315thsl Powells Educational Foundation1115thl Trustees discretion- Powells Educational Foundalionl115thl Trustees discretion- Fabric fund of ciren￿ster Parish Church1115thl JOHN JONES CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 2020 5. Governance Costs Clerks fees Legal and professional fees Accountancy charges Independent examiners fees 8,030 8,760 1,200 1,320 £ 9,350 £ 9,960 ees and trustees al There were no remunerated employees. bl No Trustees or any person connected with them received or is due lo receive any remuneration or expenses for the year directly or indirectly from the Ch2llty's funds. 7. Tan ible fixed assets Freehold properties held for letting Valuation.. Al 1 st January 2021 Additions 361,701 At 31 St December 2021 £361,701 The original cost of the freehold property is unknown. The value in the financial statements is that provided by Messrs Rylands, Chartered Surveyors, in 1989 of £325,000 and subsequent improvements al cost. Investments 2021 2020 Market value at 1st January 2021 Additions in the year Unrealised gainl{lossl in the year 206,605 193,311 29,239 13,294 Market value al 31st December 2021 £ 235,844 £ 206,605 The investments are held in the CBF Church of England Investment Fund. The original cost of the shares is unknown. JOHN JONES CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 2020 9. Debtors Rent and insurance contributions owing £ 4,496 £ 5,748 10. Cash Funds Lloyds Bank PIC 113,867 77,413 Sewell Mullings Logie Client Account £ 113,867 £ 77,413 11. Creditors: amounts fallin due within one ear Grants payable Rent guarantee deposits Rent in advance Stairway light and heat Clerks fees Accountancy 97,500 3,125 4,043 70 2,190 4,600 65,000 3,125 2,417 1,460 3,870 £111,528 £ 75,872