REGISTERED CHARITY NUMBER: 213690 REPORT OF THE TRUSTEES AND FINANCIAL STATEPAEMTS FOR THE YEAR ENDED S APRIL 2024 FOR THE EDbMN JOHN THOMPSON IIEMORIAL FUND Priff C(ffier Oak 1 Hcxner Road B91 3QG
THE EDVIN JOHN THOMPSON MEMORIAL FUND CONTENTS OF THE FINANCIAL sTATEME1s FOR THE YEAR ENDED S APRIL 2024 R•port of the Trnstees 1 to 2 Indop•nd•nt Examlnrfs Rgport Statom•nt of Flnanclal Actfvities Balan¢0 Sheot Notss to th• Financial SLit•m•nts 6 to 9 Delallod Statement ot Financial Athikn 10
THE EDWIN JOHN THOMPSON MEMORIAL FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 The trustses present the¥ pOrt the fal01 slalwrwls of the charity for the year eTrJed 5 April 2024. The trustees have adop18d the provisions of AccounlirKJ aThJ Reporting by ChanIS.. Statemenl ol Recommended practi applicable to charitss txepanThJ accounts in accordan wh the Financial Rep(xbng Stsndard apF4icable in ihe UK aThJ Repubk ol IrekThJ IFRS 102) (effedive 1 Jawary 20191. OBJECTIVES AND ACTMTIES Obj•ctiV•5 and aims Legally tharlable wKposes tre knefil of cnty &fftJgh of Y Otr ts81 dislrict, a¥ or adminislralive unil present fvrtv wwher County Bh, Urt)an Distr, Rural District or othewse haviThJ Ihe offi5 of its authority Y•thrD a rthJiu5 d fifteen mikn fr(xn oLKI Town Hal I"Ihe prescribed area'l and for the inhabitants crf Ihis a. The trustees have absolut8 aThJ Unfetter discretsc in inveslnwt of fuTrts and to appty Capital or i)Lx)me of the Trusl in the abov8 gallY charilable ot¥8ds as the Trusiees shall Itom lim8 to tim8 d8cIe. Wthout lirritttig ts absolute aid Lmf&tt8ved ¢"scr8ticffl gi lo the trustees. they shall have power to apply the Trust Fd ) or towards (tr)ir¥J any of Ihe fdkyAiry as are galy charilaNe: lal PurchasiThJ works of art cf wrtue {bl Forming a cx)IkctKm of such works of t display in the preserbed area. {cl Endon9 ¢x providing scholarships for ary nhabitants of the prescnbed area. {dl Providing equipmont (lisabled perSs. lel Providing lor wnvalescents faclities. arrnibes. eic. t avalablè ur#Jer tr NHS. The above summary of ¢he drit8ble ciyects is kn mfcrfmatw)n ar¥J refwerKe lo tre Tnjst Deed 3uld be made for lull details. ACHIEVEMENT AND PERFORMANCE Charllablg aclS¥lti•s Th8 trustees have had regard lo the Charity ccrfrffnlssKffi gUjan on publK benefit. They nsider that the public benefit requiremenl has been fuffilled by the rna.ng of Trts directed lo help Yng people from the Bkck Counlry to improve thr sklls and also to the SK aNJ needy in the afea. FINANCIAL REWEW Flnan¢lal position The resuKs of th8 tharity are set out (m page 4. Tr investment fc the year armunled to £33,674 {2023'. £32,802) and the eXn<tUre £17.222 (2023.. £20.458). After albWij for Ihe net gain on investrnents of £36,93412023'. £76.544 b)ss), the asset fund has incTrased to £1.017.935. prtncipal funding sources Prinupal funding Sour ts inveslmenl irK¢)ff. Reserves polky The trustees ain lo retan a kvel of reserves to gererate ts Incon required by the ¢harty lo fulfil ils obie¢tN8s. Golng ¢oncem The accounts have been pfewed on the basB of teing a prwJ cc¥Kem. Thè Trustees eonfirn thal they have taken Into accounl all avadable informats.on abcmjl the future for al least 12 month5 from Ihe date of the ac£ounts were approved c4Jndude that there Is r4J urKertanty reiaung lo goiThJ eoneem. STRUCTURE. GOVERNANCE AND MANAGEMENT Govèmlng document The Edwin JO Thompson MemcMi4 FurKI is tItuted uTrJer a tnBt deed dated 3 Augusl 1950. iticts of the charity s set t balc. PwJe 1
ThE EDWIN JOHN THOMPSON MEMORIAL FUND REPORT OF THE TRUSTEES FOR ThE YEAR ENDED S APRIL 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Recruitment and appointm•nt of new trust8•s The apFM)intmenl oftrustees is Med by lh8 trust <knl. Oryanlsatlonal stru¢turn The ITuslees n*el from lime to tMe lo consider •¥1 cuThent for granl aSsistsn. Between meetings decisi$ are made by cmspondetKe ben th&m. Risk managefflent The Irusle¢s examine the mapr iisks Ihat the dity la$ on an ong¢XQ basis. Systems have been d8veloped to monitor CAJntrol these risks to mitigate any irW that they may have on the operations of the charTrty. REFERENCE AND ADMINISTRATIVE DETAILS Rogl$twed Charlty number 213690 Principal addrns8 141 Antil Road London E3 58W Trustfje5 Mrs H J Greig Mr P R Swanson Miss M H Thp$< Mr E Glg Indfrpendent Examinèr Poul Guise ACA Chartered Ac¢cMJntanlS Comer Oak 1 Homer Road Solihull B913QG Bankers The Co-operetive Bank 25 Islinglon High Slreel London N19LQ Investmènt Advisors EFG Harris Alklay 33 Greai Chartes Street Bimiingham B3 3JN AFvroved by order ofthe Eoard oftrustees on ........ ........ . . . . .. . arKI signed on its behalf by.. Miss M H Thjmpson - Trustee PwJe 2
INDEPENDENT EXAMINERE REPORT TO THE TRUSTEES OF THE EDm JOHN THOMPSON MEMORIAL FUND Independent examinerfs rppoyt to the trusteas ofTh• Edwin John Thompson Memorlal Fund I rèport tts the charity trustees on my examinatffi of acmunts of Tr£ Edvffl John Thompson Memorial Furnl (the Trust) for the year S Aw'l 2024. R•$ponslblllties and ba$ls of rwrt As the chanty trustees ol Ihe Trust yw are resrKmstA8 for Ihe preparatKl of Ihe acccwnls in 8ccThdance with the requirements of the Chanlies kl 2011 Clhe Arfl. I report in resp8Ct of my 8xaminalb)n of the Trusfs attrAS carried LThJ8r sOn 145 of the Act 8nd in carrylig oui my examinatry) I have f¢)Ed all aFflTht4e gven by the Chwity Commission under Section 14515llb) of Ihe Act. Independent examlnèrf$ $tatom•nt I have Completed my exanmnallL. l 0fim) that rn matwial mattern haNe CO to my attention in connection with the exwninatKJn giving me cause k) beheve that w) any ffoterHI reSpL aeeounting not kept in respect olU* Trusl as requ¥ed by Secticffi 130 of Act: or the accounts do r¥Jl accord wrth those rec(Yds.' or the accounts do Th)t 0)mY V•ith the apph"cable requi1$ ccrtemiThJ the fom and content of accounts set out in the Charrfies lknunts a1 Rewrts) RegulatK)n$ 2(Y)8 crther than Y requirement that the acu)unts give a true WKJ fair vw vhych is rKA a rnalter ¢JxTsKlered a5 part of an independent I have no concems aNI have auoss (thr maltgrs in the examthiati to which attentn shOd bg dravm in trms rerKxl m IKd8r to enabla a deandI1g of th8 aC0)ts lo be ached. Paul Guise ACA Prim8 Chartered Accountsnts Com¢r Oak 1 Homer Road Solihull B913QG Date...Q.31.Q21.20.25.................... Page 3
ThE EDWIN JOHN THOMPSON MEMORIAL FUND STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED S APRIL 2024 2024 Unre$trl¢¢gd fund 2023 Totsl lunds INCOME AND ENDOWMENTS FROM Investment income 33.674 32,81Y2 EXPENDrrvRE ON Charltable activltl•$ To asgsl young lo improve sklls To ass¢sl the needy General (kjnalions to other ch*itth catses 10,000 10.OtKJ 2.000 Other 7.222 8,458 Total 17.222 20,458 I gainslllossesl inveslmenls 36.934 176.544) NET INCOMEIIEXPENLXTUREI 164,21X)) RECONCIUATION OF FUNDS Tolal fijnds bIght forward 964.WJ 1,028.749 TOTAL FUNDS CARRIED FORWARD 1.017.935 964,549 The noles 1M part oflW slalemenls Page 4
THE EDWIN JOHN THOMPSON MEMORIAL FUND BALANCE SHEET S APRIL 2024 2024 Unrestricted lund 2023 Total lunds FIXED ASSETS Investr)ents 973.737 940.101 CURRENT ASSETS Cash al bank 45,148 25.148 CREDITORS Amounts fallir¥J ¢*Je vthhin ce year {9501 1700} MET CURRENT ASSETS 44.198 24,448 TOTAL ASSETS LESS CURREMT LIA81LITIES 1.017,935 964.549 NET ASSETS 1.017.935 ,549 FUNDS Unrestricled fvnds 1.017.935 .549 TOTAL FUNDS 1.017.935 ,549 The finarrial statement5 were approved by Ihe Board of Trustees aThJ aulhorised for issue 1NI.Fqyy.IQl1........... and were sgned on its bthaf by.. Miss M H Thompson- Trustee The Th)les fomi part of finanoal stalents Page 5
THE EDN JOHN THOMPSOM MEMORIAL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POUCIES Basis ol pr•paring th• financial stslem•nts The finanrial stalements ol charty. whK 4$ a publ balefft enity urthr FRS 102. have béen prepared in accordan wrth the Charrties SORP IFRS 1(r2) 'Accounliry aTrJ Reportiry by Charities.. ststemenl of Recommended Practi appkable to chantses preparng their acLounts in acLordance with the Finawal Rep)rting Standard ¥plie2ble in the UK and Republic of Ireland IFRS 1021 {effectNe 1 January 20191.. Finanaal ReFthing Standard 102 Tr Finanual Rep(¥ting Standard applirable in the UK and Republic of Ireland aTrJ Ihe Charitie5 Act 2011. The financial 51alements have been wepared under the historical cost ttThenti, wrth the exception of investments which aTe induded at mwkel value. as nK¥Jified by the rev&jaIK of certain assets. Incom• Al income is rec(KJnisetl •) strtenI of FinarKial Palbe5 rw the charity has enliuement to the funds, il is probable tFwt wim be receNed Can be ffEasure(I reliably. Exp•ndltw• Lwbililies are recognised os expeThJiture as SC)n as thefe L8 a legal or constructive obligation committing the charity lo ttwt experKlilLFre, l i% wobable that a transfer of eCOrC benefits wll be required in Settleffnt and Ihe wr#)LWrt ol the olgatiOn can te measured reliably. Expenditure is a¢Unted for on an ac£nJas basis has be dass(fied under headings that aggregate all cosl relat lo the category. Where t$15 cann¢X be dre(Ily a¢tributed lo paiticular headings they have been aloeated lo adNities en a b8sis ¢ongslent wryth tr w of reswrcss. Grants offeTed subieLI to c(MNl1l wlKh Iwe beg7 rt at th9 year end date are noled as a commitment Ixjt not a¢cnJed as exwidrturè. Taxatlon The Charity is exempi from L7x on its carilatle Fund accountw Un$1cted funds be used Tthith the charrta)le c*pdNes at tre discretion ol the INslees. There are no restrirAed furnls. InstMentS Investments shown at markel value at the balance sheet date. Realised aThJ unrealised gains and k)sses a deall with lknjgh the StatenEnl of FinwKyai Activites. INVESTMENT INCOME 2024 2023 DNidends receivable Depogl account interest 30.289 3,38S 28,507 4,295 33.674 32,802 conlinued...
THE EDWIN JOHN THOMPSON MEMORIAL FUND NOTES TO THE FINANCIAL STATEMENTS- ¢onMu•d FOR THE YEAR ENDED S APRIL 2024 GRANTS PAYABLE 2024 2023 To assist young people lo irrwve they sklls To assist the s¢k needy 10.OOD 10.000 2,000 10.000 12.000 Th8 total grants pa to WlIuon5 the yearwas as fdl 2024 2023 Molty NeLKone Shropshire yOh Swjport Trust dona Wofverhampion YrAJth Zone dcfftatK Young Classical Artists Trust 2.(XJO 5.000 5.(KlO 10.000 10.000 12.0th) TRUSTEES. REMUNERATION AND BENEHTS There were no trustees. Temuneralvm crf oltw bfits Ihe JEar 5 April 2024 nor kn the y&ar ended S Ppril 2023. TrusteK' expon$•$ There were no trLN%lees' eXpeS pakl the year 2024 rTh for thè year èndèd 5 Apnl 2023. XED ASSET INVESTMENTS Ltsled investments MARKET VALUE At 6 April 2023 Additions DisSaI$ Rev8luali(ns 940,101 17.402 (15.181) 31,415 At S April 2024 973,737 NET BOOK VALUE Al S April 2024 973,737 At 5 April 20Zd 940.101 There were £236.678 (2023: £ZJ4.0181 YWeStnnt assets cKrtSKle the UK. c£ffltinued...
THE EDWIN JOHN THOMPSON MEMORIAL FUND NOTES TO THE FINANCIAL STATEMENTS- contINd FOR THE YEAR ENDED S APRIL 2024 FIXED ASSET IMVESTMENTS. contlnued 2024 2023 Hi$iorical cost. North ArnerKa Historical cost- Global Historical cost- Asia Hislorical cost- Europ8 Hislon"cal cost- UK 50A11 98.827 50,144 37,266 362,713 50.441 91.146 50.144 42,286 363.153 HistCKal cost 01a1) 599,391 597.171 The fdknying h(AdirvJs each c(¥nprise than 5% of the mwket value of the nveslmenl rtfolIO nd are u)nsdered by the Iru5tees to be WKJryKJuaty maleri81. Marlt•t Valuo Holding 2024 2023 Astrazeneca CaledoTha Invs Royal Dulch Slpl Transpxt M&G Equibes Investment Furn Unikver JPMorgan GBL lknvth & INC JPMorgan GLB Core Ass8ts LTD JP Morgan Asis GRW FIde'tY ELropean Trust Sccrtlish Mortgag8 Blackrock SUS Dunedin 49,383 48,9¢J) 54.766 68,981 46.811 49.512 37.604 48.291 49.811 1.862 52.9C 48.576 5.07% s.n% 5.02% 5.37% 5.62% 5.15% 7.08% 7.490A 4.81% 5.57% 5.08% 5.27% 3.86% 5.04% 4.96°A 5.28% 5.12% 5.18Yo 20.22% 15.690A 5.43% 5.30% 4.99% 5.35% Cost or valuatKJn at 5 April 2024 is represented by.. Llstod In81mnts Valuation in 2022 Valuation in 2023 Vabjation in 2024 1.019.136 (79,0351 33.636 973.737 Contirwed...
THE EDWIN JOHN THOMPSON MEMOR FUND NOTES TO THE FINANCIAL STATEMElffs- ¢ontinu•d FOR THE YEAR ENDED S APRIL 2024 CREDITORS: AMOUNTS FALUNG DUE IMTHIN ONE YEAR 2024 2023 Other creditLNs 950 700 RELATED PARTY DISCLOSURES There were r¥) rdated party transact5 Icf the year ended 5 Awil 2024. Page 9
THE EDWIN JOHN THOMPSON MEMORIAL FUND DETAILED STATEMENT OF FINANCIAL ACThTIES FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 INCOME AND ENt)OWMENTS Iestment income DivideNJs receivable DeFxMI acctxjnt intwest 30,289 3,385 28.507 4,295 33,674 32.802 Total incoming rnsow 33.674 32.802 EXPENDITURE Charitsble activrties Grants to inslilutr)ns 10.000 12,OCM) Support ¢osts Management ACU1cY fees 442 Govémance costs Sundries Independent examinerfs fees 5,877 7,668 348 6.277 8,016 Total wOUr expeNJed 17.222 20.458 Ngt In bgforg galns and losses 16.452 12,344 Realised recogni5ed ga5 and losses Realised gainslllossesl on fixed asset investments S519 281,468 Net income 21.971 293.812 Ths wJe (k)es tomi part oftt* slatyl¢xy ffinawl stalemenls Page 10