JOHN JONES CHARITY UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 JOHN JONES CHARITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 INDEX Pa Annual Report of the Trustees Report of the Independent Examiner Receipts and Payments Aeeount Statement of Assets and Liabiif(ie8 Notes lo the Financial Statements JOHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEES The Trustees submrt their report and financial statements for the year ended 31st December 2024. Histo ob"ectives and hgch 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 charty number 204800. The Charty is established lo provhde financial assi8tance to the Parochi81 Church Council of Cirencester for the upkeep and repair of the fabric of the Parish Church and to Powells Educational Foundation. Grant makin The Charity is bound by the scheme whereby Ihree-fifths of net income is applied lo the Pan)chial Church Council of Cirencester for the upkeep and repair of the fabric of the Parish Church, one frfth is applied to Powells Educational Foundation and the remaining one fffth is applied at the discretion of the Trustees to the before mentioned purposes. Because of signrficanl Maintenan￿ work requira lo the investment propety during the period il was deemed that the nel income available was nil, and so no grant was awarded during the Achievements and rformance All the flats and the shops remained in occupation durtng the ye&r. The Trustees are supported in their management of the flats by Perry Bishop, and of the shops by Marriotts Property. Condition of the property: During the year the Trustees delem)ined that significant maintenance work was required to the property and commissioned Terrace Surveyors lo manage a project for them_ This will resolve a number of extemal and internal issues. particularfy involving windows and roofing, and is expected lo conclude in September 2025. The regular propety inspections by P8rry Bishop of the Tesidential areas also continued. Mana oment 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 Sl. John Baptist, Cirencesler.. 2 nominative Trustees, appointed by Powell's Educational Foundation and 2 co-oplaltve Trustees, who through residence, occupation or employment, or otherwise have special knowledge of Cirencesler. Where there is 8 requirement for new co-oplative 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 responsibilf(ies, the governing document, administrative procedures, the history and philosophical approach of the Charity. The Trustees who served during the year were'.- Miss A S Anderson Mr R R Mullings Rev. Canon G E Morris Mr N Robbins OBE Mrs D Waddell Mr C F B wo￿ld- Chair JOHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEES CONTINUED Financial review inv and reseryes The results for the year are as sel out in the Receipts and Payments Account on page 5. The Trustees consider that the stale of affairs of the Charty is satisfactory. Cash not need￿ for immediate purposes is invested in bank deposit accounts and endowmenl funds are invested in the CBF ChU￿h of Er￿land Investment Fund. It is the policy of the Charity lo mainlairb unrestricted funds, which are the free reserves ot the Charty, at a level which promdes suffiaent fvnds to cover anticipated propety expenses and manager￿[ and adminislralion Costs. Public Ben In planning the Charity's activf(ies for the year the Trustees kept in mind the Charty Commission's guidance on publ￿ benefit al their meetings. I dvisers nd corres ndgnce addres Trustees as at 31st December 2024 Miss A S Anderson Mrs D Waddell Rev. Canon G E Morr Mr N Robbins OBE Mr R R Mullings MrCFB Woodd Clerk to the Trustses: Miss E Sti￿811 Indèpendent Examinor: Miss Ruth Herbert FCCA Wenn Townsend Gosditch House 5 G05d((ch Street Cirencesler Gloucestershire GL7 2AG Bankers: Lloyds Bank p 14 Castle Street Cirencesler GIOU￿SterShIre GL7 1QJ SolicitOTS- S8W811 Mullings Logie 7 Dollar Street Cirencesler Gloucestershire GL7 2AS Correspondence Address: 7 Dollar Street Ciren￿ter Glouceslershife GL7 2AS JOHN JONES CHARITY ANNUAL REPORT OF THE TRUSTEES CONTINUED SL*gment of Trustee5 res onsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and Uni18d lQngdom Accounting Standards (United Kingdom Generally Aeeepled 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 slate of affairs of the Charity and of the income and expendrture of the Charity for that period. The Trustees are responsible for keeping pfoper accounting records that disclose wf(h reasonable curacy al any time the financial posrtion of the Charity and enable them lo ensure that the financial statements comply with the Char((ies Act 2011. the Charty (A¢￿unIS and Reportsl Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and detectK)n of fraud and other irregularrties. Mr. C F B Woodd- Chaimian On behaff ofthe Trustees Date 26 August 2025 JOHN JONES CHARir INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF JOHN JONES CHARI I report to the Charity Trustees on my examination of the 8£counts of the Charity for the year ended 31 sl December 2024 which are set out on pages 5 to 9. Rosponsibllltles and basls 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 2011 {'Ihe Act'i. I roport 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 the Charity Commission under section 145151{b} of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matter8 have come to my attention in connection with the examination giving me eause lo believe that in any material respect= accounting records were not kept in respect of the Charity a5 required by Section 130 of the Act.. or 2. the accounts do not accord with those records. I have no COn￿rnS and have come across no other matters in Connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Name: Ruth Hert)ert FCCA Relevant Professional qualifieatlon or body: Address: Chartered Certtfied Accountant Wenn Townsend Gosditch House 5 Go$ditch Street Cirencester Gloucestershire GL7 2AG Date: 27 August 2025 JOHN JONES CHARITY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2 24 Note Unrestricted Endowmen Funds Funds Total 2023 2024 Receipts Rents received Investment income 57,794 6.328 57,794 6,328 53,958 6,231 Total receipts 64,122 64,122 60,189 Payrnents Propety expenses Grants Governance Costs 14.547 14,547 11,769 10,752 10,752 13,480 25,299 25,299 25.249 Investmenl purchases Total payments 25,299 25,299 34,940 Net recelptsllpaymontsl for the year 38,823 38,823 34,940 Transfers between funds Cash funds brought forward 87.431 87,431 52.491 Cash funds carried forward £ 126,254 £ 126,254 £ 87,431 JOHN JONES CHARITY STATEMENT OF ASSETS AND LIA81LITIES 1ST DECEMBER 2024 Note Funds Unrestricted Endowm Fund Total Restated 2024 2023 Fixed assets Freehold properties Investments 361,701 147,231 361,701 361,701 233,182 227,964 85,951 85,951 508,932 594,883 589.6fj5 Current assets Debtors Cash funds 3,667 126.254 3,667 126.254 4.309 87,431 10 129.921 129,921 91,740 Credrtors.. amounts falling due wi(hin one year 11 10,241 10,241 12,170 Net current assetsllliabilitie5} 119,680 119,680 79,570 Net asset5 £ 205,631 £ 508,932 £ 714,563 £ 669,235 These financial slalemenls were approved by the Trustees on 26 August 2025 and signed on ils behalf by.. OLIi¥_ JOHN JONES CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 1. Rents Buchnor 21 Wesl Market Place 23 Wesl Market Place 1st Floor 2nd Floor 3rd Floor 18 14.500 14.176 10.650 10.000 8,450 18 13.292 13,953 10,000 9,450 7,245 £ 57.794 £ 53,958 2. Investment Income Dividentjs Bank deposit interest 6,328 6,231 £ 6.328 £ 6,231 3. Pro ex Letting agents fees Legal and professional fees Repairs Gap Ulilrtv&s Stairway light and heat Insurance Deduct.. 3,919 5,8 1,565 4,016 4,070 1,029 4,148 {2,0101 501 3,789 16071 Tenants contributions £ 14,547 £11,769 4. Grant5 aid in Fabric fund of Cirencoster Parish Church {315ths} Powells Edtjcational Foundalion1115thl Trustees discretion- Powells Educational Foundationl1151hl Trustees discretion- Fabric fund of Cirenwler Parish Church {1151hl JOHN JONES CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 5. Govemance costs Clerks fees Legal and professional fees Accountancy charges 8,472 10,645 2,280 2.175 £ 10,752 £ 13,480 6.Em lo ees and trust88s a} There were no remuneiated employees. b) No Trustees or any person connected with them received or is due lo recewe any remuneration or expenses for the year directly or indirectly from the Charity's funds. 7. Tan iblg flxed assets Freehold properties held for lettlng Valuation.. Al 1st January 2024 Additions 361.701 Al 31st December 2024 £ 361,701 The original cost of the freehold pfopety is unknown. The value in the financial stalements is that provided by Messrs. Rylands, Chartered Surveyors, in 1989 of £325.000 and subsequent improvements 81 cost. Investments 202 202 Market value at 1st January 2024 Addrtions in the year Unrealised gainlllossl in the year 227.964 208,204 5.218 19,760 Market value at 31st December 2024 £233.182 £ 227,964 The investments are held in the CBF Church of England Investment Fund. The original cost of the shares is unknown. HN JONE CHARITY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 9. Debtors Rgnt and insurance contributions owing £ 3,667 £ 4,309 10. Cash Funds Lloyds Bank Pl £ 126,254 £ 87,431 11. Credltors: amounts fallin due within ona gar Grants payable Rent guarantee deposits Rent in advance Stairway light and heat Clerks fees Accountancy 3,125 2,704 3,125 3,028 2,012 2,400 3,737 2.280 £ 10,241 £ 12,170