JOHN JONES CHARITY NAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 OHN JONES CHARITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 INDEX Annual Report of the Trustees Report of the Independent Examiner Receipts and Payments Account Statement of Assets and Liabilities Notes lo the Financial Statements OHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEE The Trustees submit their report and financial statements for the year endod 31st December 2023. Histo ob'ectives and advltleg of the Charl The John Jones Charity was founded by a will proved on 27th ApTiI 1513 and comprised in a scheme made under the Endowed Schools Acts on the 29th November 1881. The Charity is a registered charity number 204800. The Charty is established lo provide financial assistance to the Parochial Church Council of Cirencester for the upkeep and repair of the fabric of the Parish Church and to Powells Educational Foundation. Grant makin olic The Charity is bound by the scheme whereby Ihree-fffths of net income is applied to the Parochial chU￿h Council of Cirenc&ster for the upkeep and repair of the fabric of the Parish Church. one frfth is applied lo Powells Educational Foundation and the remaining one fifth is applied at the discretion of the Trustees lo the before mentioned purposes. A¢hlevements and rforman¢e All the flats and the shops remained in occupation during the year. The Trustees are supported in their management of the flats by Perry Bishop, and of the shops by Marriotts Propety. Condition of the property: During the yeaT Mr Woodd and the property advisers inspected the propety. This is in addition lo the regular property inspections by Perry Bishop of the residential areas. The Trustees have been advised further works are carried out on the property and the TrLJslee5 are to commission a report in the next financial year. Mana ement and overnance arran ements The Trust Deed provides for a maximum of 7 Trustees.. 3 ex-officio Trustees, being the Vicar and Churchwardens of Parish of St. John Baptist. Ciren¢ester', 2 nominative Trustees, appointed by Powell's Educational Foundation and 2 co-oplative Trustee5, who through residence, occupation or employment, or otherwise have special knowledge of Cirencester. Where there is a requirement for new co-oplalive trustees, they are identified and appointecl 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, administrative procedures, the history and philosophical apprwh of the Charity. The Trustees who served during the year were'.- Miss A S Anderson Mrs S C CLgrk lappoinled 17th January 2023 died 28th June 20231 Mrs P M Chester-master (died 8th January 20231 Rev. Canon G E Morris Mr R R Mullings (appointed 25th March 20231 Mr N Robbins OBE Mrs D Vvaddell Mr C F B Woodd- Chair Dr R M Reece Ire$igned 31st March 20231 JOHN JONES CHARirY ANNUAL REPORT OF THE TRUSTEES CONTINUED Financial review investment lic and reserves The resutts for the year are as sel out in the Receipts and Payments Account on page 5. The Trustees conside¥ that the stale of affairs of the Chafty is satisfactory. Cash not needed for immediate purposes is invested in bank deposit accounts and endowment funds are inv8Sted in the CBF Church of EngLgnd Investment Fund. 11 ig the policy of the Charty to maintain unrestricted funds, which are the free reseNes of the Charty. at 8 level which provides Suff￿lent funds lo cover anticipated property expenses and managerial and adminislralion costs. Publlc Benefft In planning the Charity's aclniities for the year the TTUStees kept in mind the Charty Commission's guidance on publK benefit al their meetings. Trust es rof sional a vi ers nd corres ondence address Trustees as at 31st December 2023 Miss A S Anderson Mrs D Waddell Rev. Canon G E Morris Mr N Robbins OBE Mr R R Mullings MrCFBWoodd Clerk to the Trustees: Mrs E sti￿11 Independent Examinèr. Mis5 Ruth Herbert FCCA Wenn Townsend Gosditch House 5 Gosdilch Street Cirencesler Gloucestershire GL72AG Bankgrs: Lloyds Bank pk 14 Castle Stre cIren￿ster Gloucestershire GL7 1QJ Sollcltors: Sewell Mullings Logie 7 Dollar Street ciTen￿ster Gloucestershire GL7 2AS Correspondence Addrèss: 7 Dollar Street Cirencesler Gloucestershire GL7 2AS JOHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEES CONTINUED ststement of Trustea$ 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 Iuniled Kingdc#m Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for each fi'nancial year which give a true and fair view of the Slate of affairs of the Charrty and of the income and expenditu￿ ofthe Chanty for that pe￿d. The Trustees are responsibLg for keeping proper accounting records that disclose wf(h re8sonabf8 a¢¢uracy at any lime the finan¢ial position of the Charty and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reportsl RegulalK)ns and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charty and hence foi laking reasonable steps for the prevention and detectK)n of fraud and olhor irregulari(ie$. 4f Mr. C F B Woodd- Chaim)an On behalf of the Trustees Date.. 9 October 2024 JOHN JONES CHARITY INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF JOHN JONES CHARITY I report lo the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023 which are set out on pages 5 to g. Responsibilitigs and basis of report As the Charity's Trusteès you are responsible for the preparation of the accounts in accordance wf(h the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by Ihe Charty Commission under section 14515llbl of the Act. Indepand8nt examlner'$ statement I have completed my examination. I confirm that no material matters have come to my attention in connection wi(h the examination gThiing me ￿use lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act., or 2. the accoLints do not accord with those records. I have no concerns 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 Professlonal quallficatlon or body: Address.. Chartered Certlflgd Accountant Wenn Townsend Gosditch House 5 Gosditch Street Cirencest•r Gloucestershire GL7 2AG Date: 10 October 2024 JOHN JONES CHARITY RECEIPTS AND PAYMENTS ACCOUNT OR THE YEAR ENDED 31ST DECEMBER 2023 Note Unrestricted Endowment Funds Funds Total 2022 2023 Receipts Rents received Investment income 53,958 6,231 53,958 6,231 55,298 6,197 Total receipts 60,189 60,189 61,495 Payments Property expenses Grants Governan￿ costs 11,769 11,769 11,945 97,500 13,426 13.480 13,480 25.249 25,249 122,871 Investment purchases Totsl paymonts 34,940 34.940 122.871 Ngt r￿0[pts/1payMents} for the year 34,940 34.940 {61.3761 Transfers b&￿een funds Cash funds brought forward 52,491 52,d91 113,867 Cash fund$ carried fonvard £ 87,431 £ 87,431 £ 52,491 JOHN JONES CHARITY STATEMENT OF ASSETS AND LIABILITIES 31ST DECEMBER 2023 Note Funds Unrestricted Fund ndowment Total Restated 2023 2022 Fixed assets Freehold properties Inveslmenls 361,701 143,936 361,701 361,701 227,964 208,204 84.028 84,028 505,637 589,665 569,905 Current assets Debtors Cash funds 4.309 87,431 4,309 87,431 3,607 52,491 10 91.740 91,740 56,098 Creditors.. amounts falling due wf(hin one year 11 12,170 12,170 11,065 Net current assgtsllllabllttiesl 79,570 79.570 45,033 Net assets £ 163,598 £ 505,637 £ 669.235 £ 614,938 These financial statements were approved by the Trustees on 9 October 2024 and signed on its behalf by.. ('11 L) (. .Chaimian- Mr. C F B Woodd JOHN JONES CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 202 2022 1. Rents received Buchner 21 Wesl Market Place 23 Wesl Market Place 1 st Floor 2nd Floor 3rd Floor 18 13,292 13,953 10.000 9.450 7,245 18 14,560 14,500 9,780 9,300 7,140 £ 53.958 £ 55,298 2. Investmgnt income Dwidends Bank depo8rt interest 6,231 6,197 £6,231 £6,197 3, Pro ex enses Letting agents fees Legal and professional fees Repairs Gap Utilities Stairway light and h> Insuran Deduct.. 4,016 3,745 4.070 5,849 501 3,789 16071 473 3,326 11,4481 Tenants conlributrons £11,769 £11,945 4. Grants aid in Fabric fund of Cirencesler Parish Chur¢h13151hs) Powells Educational Foundation {1151hl Trustees discretion- Powells Educational Foundalionl115thl Trustees discretion- Fabric fund of Cifftncesler Parish chU￿h(lIsthl 58,500 19,500 13,000 6,500 £ 97.5CK) JOHN JONES CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 S. Governance costs Clerks fees Legal and professional fees Accountancy charges 10.645 660 2.175 8,760 £ 13.480 £ 13,426 6.Em lo ees and trustees al There were remuneratod employees. bl No Trustees or any person connected with them recewed or is due to receive any remuneration or expenses for the year directly or indirectly from the Charity's funds. 7. Tan ible flxed assets Freehold properties held for letting Valuati At 1st January 2023 Addition5 361.701 At 31st December 2023 £ 361,701 The original cost of the freehold propety is unknown. The value in the financial statements is that provided by Messrs. Rylands, Chartered Surveyors, in 1989 of £325,000 and subsequent improvements at cost. Invastmgnts Market value al 1 st January 2023 Additions in the year Unrealised gainl{loss} in the year 208,204 235,844 19,760 {27,6401 Market value al 31st December 2023 £ 227,964 £ 208,204 The investments are held in the CBF Church of England Investment Fund. The original cost of the shares is unknown. JOHN JONES CHARrrY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 9. Debtors Rent and insuranee eonlributions owing £4.309 £ 3,607 10. Cash Funds Lloyds Bank PIC 87,431 52,491 11. Creditors: amounts fallin 8wi hin on& oar Grants payable Rent guarantee deposits Rent in advance Stairway light and heat Clerks fees Accounlaney 3,125 3.028 3,125 3,575 3,737 2,280 2,190 2,175 £ 12,170 £ 11,065