Charity Registered Number 207294 The J C Robinson Trust No. 3 Unaudited Financial Statements for the year ended 5 April 2025
Thej C Roblnson Trust No. 3 Charity Registered Number 207294 for the year ended 5 Aprll 2025 Index to the Flnancial Statements Page Trustees, Report Independent Examiner's Report Statement of Financial Activities Balan sheet Notesto the accounts
The J C Roblnson Trust No. 3 Charlty Reglstered Number 207294 Trustees, Report forthe year ended 5 April 2025 The trustees herewith present their annual report for the year ended 5 April 2025. The financial statemerits, which show a true and fair view of the financial activities of the charity for the Year, have been prepared on an accruals basis and have been prepad in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities. The trustees of the charity during the year were: Missc M Howe Mr R S Burns-cox Mr O Bums Mr E M Macgregor Bums The trustees are responsible for the general control and management of the charity. All new trustees are appointed at committee meetings. The J C Robinson Trust No 3 was established by a trust deed dated 27 January 1931 and is a registered charity, No. 207294. The principal address of the charity is= Barnett Wood Bungalow Blackboys, Uckfield East Sussex. TN22 5JL The following are the advisors of the charity= Accountants: Swindells, Atlantic House 8 Bell Lane, Bellbrook Industrial Estate Uckfield East Sussex, TN22 IQL Bankers.. Barclays Bank PLC High Street Lewes East Sussex. BN7 2JP Brokers: Redmayne-Bentley LLP 3 Wellington Place Leeds, LSI 4AP Objectives, activities and public benefft The charity's income is derived from the investments which were pemanently endowed when the trust deed was originally created. The charity aims to assist individuals and organisations who promote the welfare of the elderly or disadvanlaged and to encourage the training and community spirit of young people in England. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefft when reviewing the trust's aims and objectives. Achievements The main achievement of the charity thi5 year, as in previous years, is the provision of donations in line with the charity'5 objettives. This is also the objective for future year5. The accounts comply with the statutory requirements, the Rules of the A550Ciation and the Statement of Recommended Practice. Page 1
The J C Robinson Trust No. 3 Charity Registered Number 207294 Trustees, Report for the year ended 5 April 2025 All charity donation requests are reviewed and considered by at least one trustee. The trustees consider that the most appropriate policy for investing funds is to invest in Sha5, investment trusts and Ljnit trusts. Decisions regarding investments are made by ihe broker under discretionary power withln the overall strategy agreed with trustees. The trustees have revlewed the activities of the trust over the past year and confirm they have been carrled out according to the aims of the trust and entirely for the public benefit. The restricte(I reseNe5 are comprised of the fixed asset investments. The income from these investments is held in the unrestricted reseNe and is distributed by way of donation to charity from that fund. The general SerVe is for all other PLJfp05es. The major risk to which the charity is exposed is the uncertainty of the stock market, which has an impact on income received by the charity and the market value of the a55ets held by the charity. To mitlEate this risk the charity takes advice from a stockbroker and the portfolio, as a whole, is jointly managed with the stockbroker. Overall the investment values had decreased as a result of the disposal value of the investment sha during the year. with market values down by 4%12024: down l%}. Investment income has decreased this year by 3% (2024.. increased by 19%). The investment stralegy for the portfolio, that was agreed at the end of 2020, places emphasis on capital growth and greater diversification of investments, rather than being tailored towarés dividend receipts and also investment income was received from special dividends in 2022123. The balance on the unrestricted generdl fund has increased from a surplus of £15,358 at 5 April 2024 to a surplus of £22,383 at 5 April 2025. The trustees have established a reserves policy whereby the reserrfes of the tnjst are maintained to enable the trust to continue to meet its objectives now and in the future. Statement of trustees, responsibilities Charity law requires the trustees to prepare financial statements for each financial year which Show a true and fair view of the state of affairs of the charity and its financial attivities for that period. In preparing those financial statements. the trustees are required to: select Suitable accounting policies and then apply them consi5tently- make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards and statements of recommended practice have been followed. subject lo any departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern ba515 unless it is inappropriate to presume that the charity will continue in operational existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financi?1 posltion of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are a150 responsible for safeguarding the assets of the charity and hènce for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Approved by the trustees on and signed on their behalf by: Miss C Howe ~ Trust Page 2
Independent Examinees Report to the Trustees ofTheJ C Roblnson Trust No. 3 Charlty Reglstered Number 207294 I report to the charity trustees on my examination of the accounts of the Trust for the year ended 5 April 2025, which are set out on pages 4 to 8. Responsibilities and basis of report As the charitls trustees you are responsible for the prepardtion of the accounts in accordance with the requirements of the Charities Att 20111'the ACVI. I report ITr respett of my examination of the charivs 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 sertion 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have tome to my attention in connection with the examination giving me cause to believe that in any material respect: 11 accounting records were not kept in respect of the charity as required by section 130 of the Act; or 21 the accounts do not accord with those record5: or 31 the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Report51 Regulation5 2008 other than any requirement that the accounts give a 'true and fair Vie which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn ill this report in order to enable a proper understanding of the accounts to be reached. 11 lh/ Peter Gale FCA TEP Swlndells LLP Chartered Accountants Atlantic House 8 Bell Lane, Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL Date: z I Page 3
The J C Robinson Trust NO. 3 Charlty Reglsterèd Number 207294 Statement of Financial Activitles for the year ended 5 Aprll 2025 UnrestrictÉd general fund Endowed fund Total fund5 2025 Total 2024 Notes Incoming rÈsources Investment income 26.523 26,523 27,323 Total Incomlng resour 26.523 26.523 27,323 Resources expended Charitable attivities Distribution5 Costs of Eeneratingfund5 Investment management costs Govemance costs 16,678 16,678 28,885 8,008 8.008 2,820 7.567 2,700 2,820 Total resources expended 19,498 8,008 27,506 39,152 Net outgolng resources forthe year 7.025 18,0081 19831 111.8291 OTHER RECOGNISED GAINS AMD LOSSES Gain1110551 on disposal of investment assets Unrealised gains/llosse51 on ValUatIon of Investment 82 133,9661 82 133,9661 115,5961 21,194 Net movement in funds 7.025 141.8921 134.8671 { 6,2311 TOTAL FUND5 BROUGHT FORWARD 15.358 637.133 652,491 658,722 TRANSFEROF FUNDS TOTAL FUNDS CARRIED FORWARD io 22,383 595.241 617,624 652.491 P8ge 4
The J C Robin50n Trust No. 3 Charlty Registered Number 207294 Balance Sheet for the year ended 5 April 2025 2025 2024 Notes Flxed assets Investments 13 596,778 618,177 Current assets Deposits at brokers Cash at bank and in hand Total current assets 5,233 19,442 24,674 25,479 12,662 38,142 Creditors Amounts falling due within one year 3,828 3,827 Net current assets Total assets less liabilities 20,846 617,624 34,314 652,491 Funds Restrlcted funds: Endowment fund Unre5trlcted funds: General fund Total charity fund5 595,241 637,133 22,383 617,624 15,358 652,491 Approved by the trustees on ... and signed on their behalf by- Miss C Howe- Trustee Page 5
The J C Roblnson Trust No. 3 Charity Registered Number 207294 Notes to the accounts for the year ended 5 April Z025 l. Accounting pollcles 1.1 Basls of accountlng The financial statements of the Charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 102}'Accounting and Reporting by Charltie5: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 Yhe Financial Reporting Standard opplicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. with the exception of Investments which a included at market value. The financial statements are presented in 5teding which is the fvnctional currency of the charity. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 21J)8 only to the extent required to provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities= Statement of Recommended Practice effective from l April 2005 which ha5 since been withdrawn. 1.2 Income and expendlture Income and expenditure is accounted for on an accruals basis as far as it is prudent to do so. The incoming resources from endowment funds are unre5trirted. Expenditure 15 allocated to either charitable distribution or management and administration costs. 1.3 Glfts In klnd The charity receives the benefit of work carried out by the trustees. No monetary value is placed on the work carried out by the trustees. The charity employs no paid employees. 1.4 Taxation As a registered charity, the trust is generally exempt from Income Tax and Capital Gains tax, but is not exempt from VAT. Irrecoverable VAT is included in income and in the cost of those expenses to which it relates. where applicable. 1.5 Investments The fixed asset investments are included in the accounts at market value at the balance sheet date as shown in note 13. Realised gains and losses on disposa15 are tated as per note 5. Income from the investments is accounted for on the accruals basis. 1.6 Resources expended CharFtable expenditure represents distributions made in the year. Governance costs include accountancy fees and all other costs are in relation to investment management. 1.7 Going concern The trustees have assessed whether the goin8 concem basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the trus1 to continue as a going concern. At the time of approving the financial statements the trustees believe that all appropriate measures have been or will be taken to ensure that the trust will be able to continue its operat10115 for at least the next twelve months and thus concludes that the going concern basis remains appropriate. Page 6
The J C Roblnson Trust No. 3 Charlty Registered Number 207294 Notes to the accounts- contlnued for the year ended 5 Aprll 2025 2. Investment Incorne 2025 2024 Net Income from Investments 17,352 18,806 Interest recelvable: Global fixed interest Deposit account interest Property inc¢me distribution 8,113 298 760 7,451 340 726 26,523 27,323 3. Charitable dlstrlbutlons 2025 Total funds 2024 Total funds General funds Distributions 16,678 16,678 28,885 A total ot 4412024.. 811 charitable distributions totalling £16.67812024- £28,885) after one donation from last year was cancelled due to them not being banked were made to Institutions and individua15 during the year for social welfare and for the welfare of people in finanaal need, the specific details of whlch have not been distlosed. 4. Governance and Investment management $ts 2025 Total funds 2024 Total lunds General funds ErNlowment funds Govemance costs Accountants, remuneration Sundries Investment management cosls Broker charge5 2.760 2,760 60 2,640 8,ClJ8 8,C(18 7,567 2,820 10,828 10,267 5. Gains or losses on dlsposal of investment assets Any gainslllossesl on the disposal of investments are shown net of associated costs. Gains/l105sesl are calculated on the difference between the market value as at 6 Aprll 2024, or cost if acquired in the year, and the net sale proceeds. 6. Unreallsed galns or losses on revaluation of Inveslment assets The unreallsed gains or losses on the revaluation of investment assets PreSent the difference between the rnarket value as at 5 Apri5 2025 and the market value as at 6 April 2024 lor the acquisition costs if the investment was acquired In the yearl. 7. Flxed asset Investments The fixed asset investments are maintained as restricted funds which cannot be distributed, wherea5 the income is transferred to the unrestricted fund and used for charitable purposos. The Investments are included in the accounts at market value at the balance sheet date as shown in note 13. Page 7
The J C Robln$ort Trust No. 3 Charlty Restered Number207294 otes to the ?oUnt$- contlnued for the year ended S Aprll 2025 8. Credltors 2025 2024 Attrua15 Broker charge5 Postsge Accountants. remuneratlcln accrual 1.068 60 2.700 3,828 1.007 180 2,640 3.827 9. Funds The unrestri¢ted fund may be used for the di5tributlon of funds for charitable purp05e5. The restrirted fund 15 comprised of the fed asset Investments. and any income arising therefron3 is transferred to the unrestricted fund. 10. Analysls of nei assets between funds Genernl funds Endowment funds Total nds Investments Current assets Current liabilrties 596,778 14691 11,0681 595,241 596,778 24,674 13,8281 617,624 25.143 12,7601 22,383 11. Trustees. remuneratlon Nelther the trustees, nor any peT50ns connected with them, have reiVed any mUneratIon durlng the Yè3r. The tharity has not met individual expenses incurred by the tru5tee5, except for £60 p95ts8e and stationery in 202512024.. £601 which was Incurred by Miss C M Howe. At the year end the charity owed Miss C M Howe £6012024.. £1801. 12. Employees The average number of employees durinE the year was NIL12024. NILI 13. Flxed asset Investments 2025 2024 Market valuè as at 6 April 2024 Additions Disposal Revaluation in the year Market value as at 5 Apr412025 618,177 129.532 1116,9651 133,9661 596.778 624,484 50.176 177,6771 21.194 618,177 Investments are repsented by,. Ste¥ling Fixed interest Global Pixed interest funds UK Equity shares UK Equity Fund5 Overseas Equldes Multi-As5et Funds Real Estste Investmènt Trusts Alternative5 45,052 45.645 119,799 29,055 225.912 30,902 12.643 87,770 63,808 47,069 178,018 13,162 186.274 31,535 11,985 86,326 596,778 618,177 14. Controlllng party The trustee5 have overall control of the trust. Page 8