Charlty règlstration number 229553 SIR JEREMIAH COLMAN GIFT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
SIR JEREMIAH COLMAN GIFT TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Lady Colman Jeremiah Michael Powlett Colman Esq Rav Sue Colman Camilla Adenoy Louisa Mulvaney Secrètary Mrs V R Persson Admlnlstrator and bookkeeper Mrs V R Per550n Charlty number 229553 Prinelpal address Estate Office Malshanger Ba5ingstoke RG23 7EY Independent examiner Roseanne Bennètt Bsc IHons} FCA 17 Walkergate BenMd(-upon-Tweed Northumberland TD15 1DJ Bankers Barclays Bank PIC 8 Market Place Basingsltske Harnp5hirè RG21 7LY Solicitors Penninglons Manehes LLP Da Vinci House Basing View Basing5toke Hampshire RG214EQ Investment advisors Close Brothers 4th Floor 10 Crown Place London EC2A4FT
SIR JEREMIAH COLMAN GIFT TRUST CONTENTS Pag¢ Trustee5' report Indepondent examinerfs report Slalement of financial activities Balance sheet Notes lo the financial statgments 8-28
SIR JEREMIAH COLMAN GIFT TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5APRIL 2024 The trustees presént their annual report and financial statemènts for the year ended SApril 2024. The finanaal statements have been prèpared in aGrdance wth tha accounting policies set out in note 1 to the financial statèmènts and comply with the charitys trust deed. the Charities Act 2011 and'Aecounting and Reporting by Charities.. Statement of Recommended Practice applicable to chariti85 pTeparing their accounts in accordance with the Financial Reporting Standafd applicable in the UK and Rèpublic of Ireland IFRS 1021 leffectivè 1 January 20191.. Objectives and actlvitles Objectives and actlvlties for the public benefit The charity's objects are the advancement of Èducation, moral and social ImpTtsvement of people and maintaining Church of England Churches. Such aid will be given lo the piomders of education and relevant Insts"tutions through making gran15. The Trust885 eonfimi that they have referred to the guidance contained in the Chaty Commission's gener81 guidance on public benefit when reviewing the Trusvs aims and objoetives and in planning future a¢tivitie5 and setting the grant making policy for tha yaar. Potential reeipients of grants are identified by Twstèes in areas where il is p8rc8ivèd that public benefit will be achieved and the opportuftity to benefit is nol restricted in any way, not least to facililale the Tnjslees being able to follow up the efficacy of the grants made. In all other aspects grants are not limited in any way excèpt that the fwp¢ents should have a tharilable negd. Activities and speclfic objectives The Trustees hold the funds upon Trust lo pay at thèir discretion income and capital for eharitable purposes, with special regard lo.. Advan¢em8nt tsf edueation. literacy and scientific knowlèdgè Moral and social imprgvemenl of paople Maintenance of the ChuT(*es of the Church of England and grtts and offering to the Churches Flnancial assistance to past and present ¥mployeeslmembers of Sir Jeremiah Colman at Gatton Park, J&J Colman Ltd or other clubs and in5ts"tutions associated ¥vilh Sir Jeremiah Colman. The Trust does not activèly fund raise and seeks to continuè the philanthropic work desired by the Setlor through the catèful stewardship of its existing resources. Gifts and donatkns are made lo many Charities èach year and occasionally to individuals. The Trustees prefer lo support donations to Charities whose work thèy have researched and which is in aecordanee with the aims and the objectives of the Chanty for the year. Most of the donations are rnade on an on-going annual basis, whi¢h the Trustees anticipate making bul which ar subject to funds available. The Trustees respond lo new appeals and make exira donations upon review of suitable applications. In addition. there is a further rategtsry of donations to support speaal charitable projects being undertaken over a fixed number of years and whilst the Trustees intent to wntinuè and support those selected projects if circumstancas change the Trustees reserve the right to caase their support at 8ny time. Donations are only eonlinued where Ihe applicant provides sufficient relevant infomation to the Tru51ees and satOsfie$ th& Trustees that continuation of funding is in the intertrsts of Ihe Charity. Grant making policy The Charity has èstablished its grant making policy to aehieve its objectiv95 for the public banefil to improve the lives of people sufferir¥J from ffinancial hardship. Financial arcumstsnees will be relevant only in d8temining the amount ol the award_ Grants arè gNen to registered charities which the Trustees have resear¢h¢d and which the Trustees know support the public as a who. The trustees have paid due regard to guidance issued by tho Charity Commission in deciding what a¢t¢vilias the charity should undertake.
SIR JEREMIAH COLMAN GIFT TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 Achievements and performance Al their annual meets"ng. the Trustees consider the level of donations that they are able lo make based upon thè latest valuation of the tTusI funds and thè lik81y income to be generated in the current ffnancial year. Trustees sh to ensure a sustainable level of donations reflecting the total retum of income and capital growth, and after providing for inveslmenl fees and administrative o)sts. In the year ended 5th April 2024 the distributions were 1.81%12023.' 1.98%) of the funds invested and the yield on the funds inve51ed was 2.350A12023- 2.54%). The charitable donations made in the year ended 5th April 2024 lolalled £163.92512023.' £178,600) a decrease of £14.67512023'. increase of £23.7001 from the previous year. This is considered to be satisfactory hawng regard lo the income genorat&d. 3nd the need to take a defensive view as lo the value of the lund given present political and economic inskbility. An analysis of amounts donatèd are detailed in note e. The Trustees are pleased that the donations being made are b&ing dirècted 19 th95e projects that the Trust wishes to support. The Trustees continuè lo lake an active role in visiting v8ri0us organisalions to ascertain how the Trust's support can make a differenee. The Tru51 also reiVeS letters of thank and gratitude which further confimis that the Tru51 and the donations il is rnaking is benefiting Lx)th society and individuals. The Trustee5 note that the rnarket valtse of the capital assets of ttie Trust stood at £9.21e,81612023: £9.116,578). an increase of 1.12% {2023'. decrease of 6.02%) during the year. Financial review The Trust received income of £217,99712023'. £229,128) from shares and sècuritiès quoted on the Stock Exchange and Interest èamed on cash balances wrth bank and slockbroker5. The Trust incurred expenses totalling £63.183 for th6 year ènded 5th April 2024 12023.. £68,351>. Of these exp6nsès £15.135 12023 £14.6181 were charitable support eost5 CQrnPrising all costs involving the public accountability of thè charity ¥nd compliance wth regulation and good practice as detailed in notè S. The balance of £48,04812023.' £53,7331 represents stockbroker management fees. A55ets of the Trust compnse investments with a book value of£2.397,31512023.' £2.353.3971 and a market value of £9,047.46812023." £8,931,371) and cash balance5 of £181.91312023.' £195.6161, of which £32.772 is held in the investment managers pital account and included in lolal investments on the Balance Sheel12022.' £85,567) The Endowment Icapitsll Fund has incraased from £8,986.608 to £9,080,24012023'. decreased from £9,607.003 to £8.986,6081 over the year after realising losses of £8,061 12023 9ains of £2521 on sales of investments durfng the yèar, unrealised gains of £119,41012023.' unrea5ised losses £566,914) and a fund transfer of £30.33112023." £Nill. The Unrestricted Income Fund has an unapplied balancè as at 5th April 2024 of £168.907 {2023'. £129,970). The purpose of the Endowment Fund is to prowda futur& income for distribution by Truslè&s lo further the purpose of the Charity. The Endowment Fund movèmènts ¢on51St of capital transactions tg rglnvest in fvrther ineome producing assets of th& ¢h8rty. Investment and re$erve policy It is the policy of the charity that unrestricted fund5 which have not been designated for a specific use should be distributed so that distributions will m¥lch or exceed the income so that no unrestricted reserves wll be held_ Th8 trustees eonsideTr that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to ntInue the eharity's current activities while consKlerab"on Is given lo ways in which additional fund5 rnay be raised. This level of reservès has been maintained throughout thè yéar. Th8 trustaes have assessed the major risks to which the charity is exposed. ènd 8re satisfied that systems are in place to mitigate exposure to Ihe major nsks. The major risks identified by thé Trustees are the volatility of investrnent rebjms on the management portfolio and the proper use of the gifts and donations given by thè Charity each year.
SIR JEREMIAH COLMAN GIFT TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 Plans for future period$ Plans for the fvture The Trustees will conb.nuè to aim to fully di8tribule the incx)me of the Unrestricted Fund each year ar¢d any suTrlus brought fotward whilst rnaintaining the capllal of the fij. The Trustees made donations of just under £164,000 last year. The Sir Jeremlah Colman Gift Colman Gfft T1 is a lasl.ng tsstimonial to the generosity and philanthropic ¢onc8rns of donor, Sir Jeremiah Colman. By maintaining and improving partnerships alrèady in place the Trustees are helpiro th8 tong term goals of the charitabl• work they support. The Trust68s wll continue lo direct the ¢haritls fttnds to general charitable causes which they think fit as laid out in the governing trust document. Strueturè, governance and management Governance The tharity is an unincorporated registered Charity, èstablished by Sir Jeremiah Colman BT undèr a govemirKJ Deed of Trust dated 26th June 1920. The Trustees, principal office and advisc>rs are as detailed on page 1. Organlsational structure and admlnlslratlon The trustees who served during the yèar and up to the date of signature of the financiol statements were.. Lady Colman Oliver James Colman Esq The Hon Mrs Colman Jèremiah Michael Powiett Colman E$q Rev Sue Colman Camilla Adeney Louisa Mulvaney IResvJned 24 Junè 20231 IR&slgned 24 Jtjne 20231 Tha current Truste85 have 8Cted for many years. The Trustees are dirgded to hold the capital and income of the Trust Fund on trust for such charitseg and for such charitable purposes, as they In their absolute discretion think ffit. The present cx)mplèment of Trustees is five. Tru5tee5 $9Nè an indafinite temi based on their relative experiencg and contribution to the charity as a whole. The Truslegs keep the skill requirements of the Tru51ee body under review and in the event Ihat 8 Trusteè retires or additional new Trustees arè required, the existing Trustees Collectively discuss the change. Thére is no fomial induction or training of new Trustees. However, appointment is by nominatitsn and the Trustees review the skills of each nominated person 10 select membeTS Wlth thè rèlevant experienca and skills. All Trustee5 give Iheir11mè fraèly and no remuneration or expenses were paid during thè year. On the agreement of all ex15ting Trustees, a new Trustee may be recruited. Thè background to the charity is provided to the prospective new Trustee before appointment and fvrther inftrrmation is then shared al regular Trusts? meetings. This information includes a bllef history of the charity. a copy of the previous year's finanaal statements. a copy ofthe prewous Trustee's Mlnules, and of the governing Trust deed. Al the Trustees, meets.ng which usually take place in July each year the Trustees agree tre broad strategy and afeas of activity for the Charity, including consideration of grant mang, investment, rèsèrvas and risk management ptsliei6s and perfomiance. The day to day administration of grants and the processing and handlin9 of applications prior to considèratton ol the Trustees is delegated tts the Secretary and Bookkeeper belween Trustees, me8tings_ Assisling the Trustees. Mis Persson aciing as Secretary and Administrator records new grant applications meeting the rélavant erlteria for con5Kler8lion by the Trustees. Mrs Persson also updates thè donation monitoring nformalion 0)nrnIng the support yivan to dale, and presents the inforMatn to thè Trustèès prior to each meeting. The Trustee5 review their affairs on an (-gOIng basis.
SIR JEREMIAH COLMAN GIFT TRUST BALANCE SHEET ASAT 5APRIL 2024 2024 2023 Notes Fixed assets Inv8Strn8nts 11 9.080.240 9,016,938 Current assets Cash at bank and in band 149.141 110,049 Credltor$'. amounts falling due wlthin one year 13 110.5651 {10,4Dg1 Met current assets 138.576 99.640 Total assets le$$ current liabilitles 9,218,816 9.116.578 Capital lunds Endowment funds. general Income funds UnTestn"cted funds 14 9.080,240 8,986,608 138.576 129,970 9,218.816 9,116,578 Thofi cral statemenls w roved by the T18$ on 7 July 2024 erniah Michael Powlett Colrnan Esq Trustee
SIR JEREMIAH COLMAN GIFT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SIR JEREMIAH COLMAN GIFT TRUST I report lo the Iruslees on my èxamination of the financial stalernenls of Sir Jèramiah Colman Gift Trust Ilhe charity) for the year ended 5 April 2024. Responsibilities and basls of report As the Iru51ees of the charity you are responsible for the prèparation of the fjnanaal statements in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in respect of my examination of thè charity's finanaal staternents rriad out under section 145 of the 2011 Act. In r2rrying out my examination I have followed all Ihe applicable Directions given by the Charity CoMmisOn under 5ecbon 14515llbl of he 2011 Act. Indepèndent examinerfs statement I have Completed my exarnination_ I nffi that no matteTS have come lo my attention in conneclion with the •xamination giving me GgUS8 to believe that in any material respect- accounting records were not kept in respect of the charity as requlred by section 130 of the 2011 Act.. or the financial 5tat8rnènts do not accord with those record5', or tha finaneial statements do not comply with the applicable requirements concerning thè fomi and content of accounts sèt out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement th81 th9 accounts giva a true and fair view whith is not a matt8r considèred as part of an independent exarnination. I have no other concems and have o)me a¢ross no other matters in connection with the examination to which attgntion should be drawn in thi5 report in Ordèr to enablè a proper underslanrting of the ffinancial statements to be reached. Roseanne Bennett Bsc {Hon$l FCA 17 Walkergate Berwck-upon-Tweed Northurnbedand TD15 1DJ Dated.. 8 July 2024
SIR JEREMIAH COLMAN GIFT TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted Endowm•nt funds funds 2024 2024 Total UnrestrlctÈd Endowment funds funds 2023 2023 Totsl 2024 2023 Note$ In¢ome from; Investments 217.997 217,997 229,126 229.128 Total income 217.997 217.997 229.128 229,128 Expendltur• on: Raising fijnds Charitable activities 48,048 48,048 179.060 53.733 53,733 193.218 179,060 193,218 Total expendlture 179,060 48,048 227,108 193.218 53.733 246.951 Nel gainsllbssesl on investments 111.349 111.349 1566.6621 1566.6621 Nèt Ineomellexpendlturèl 38.937 63,301 102.238 35.910 {620.395} 1584,4851 Tnsfe been fvnds {30.331) 30,331 Net movemènt In funds 8.606 93,632 102,238 35,910 1620,3951 {584,4851 Recon¢iliation of funds: Fsjnd balances at 6 April 2023 129.970 8,986.608 9.116,578 94.060 9,607,003 9,701,063 Fund balances at S Aprll 2024 138.576 9.080.240 9.218,816 129,970 8.986,608 9,116,578 The stslement of finanLyal aclwities induda$ ?11 gains and losses reeognlsed in the year. All income and expenditure derive from continuing acb'vities.
SIR JEREMIAH COLMAN GIFT TRUST BALANCE SHEET ASAT 5APRIL 2024 2024 2023 Notes Fixed ass*ts Investments 11 9,080,240 9,016,938 Current assets Cash at bank and in hand 149,141 110,049 Creditor5: amounts falling due withln one year 13 110.5651 110.4091 Net current assets 138,576 99,640 Total assets less current Irablllties 9.218,816 9.116,578 apltal funds Endowment funds- generaj Income funds Unrestricted funds 14 9,080,240 8.986.608 138.576 129.970 9,218,816 9,116,578 The financial ststements were approved by the Trustees on 7 July 2024 Jeremiah Michael Powlètt Colman Esq Trustee
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SAPRIL 2024 Accountlng pollcies Charfty infomiation The Sir Jeremiah Colman Gift Trust is an Ltnincorpcffated charity regbslered wrth the Charfty Commission in England and Wèles, wlh registration number 229553. 1.1 Accounting convention The financial stslemenls havè been prepared in a¢(x>rdance with the charity's governing Deed of Trust dated 26th June 1920, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Raeommended Practie8 applicable to charthes preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclve 1 Janukry 20191 The ¢harily is a Public Beneffit Entity as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for charitiès applying FRS 102 Update Bullglin 1 not to prèparg a Statement of Cash Flows. The financtal statements are prepared in sterfing, which is th8 functs'onal curren¢y of the charity. Monetary amounts in these fsnan(aal statements are rounded to the nearest £. The financial stat8menls have been prepared under Ihe historical cost eonvents"on, Imodified to include th revaluation ol freehold prop8rts"88 and to include Investment properties and ¢ertain financial instrum•nts at fair valuel. The Pripal accounting polirAe5 adoplad arè sel out below. 1.2 Going )Cern At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resourctr5 to continue in opèrational existen for the foreseeable future. Thus the trustees continue to adopt thè going concern bas15 of accounting in preparing Ihe finanaal statam8nls. 1.3 Charltable fvnds Unrestricted funds are availabl8 for use al the (fiscrèb"on of the trustees in furtherance of their charitsble objects'ves. Restricted funds are subject to spe¢ific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted lund5 are set out in the note5 to the finaneial statements. Endowment tunds are subject to spe¢ific cKJnditions by donors Ihat the caiytal must be maintsined by the charty. 1.4 Income Income is recognised when the charity is legally entided to it aftar any performance eondttrons have been met, the amunts can measured reliably, and it is probable that inwme wll be received. Income from Ilsted investments Dlvidends and interest from listed investments are credited to thè ststemenl of ffinancaal a¢tivilies when they are receivable by tre charity. Interèst Bank interest is (Tediled to the ststemenl of finaneial actiwties when it is reeelvable by the charity.
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 A¢countlng pollcies (Continued) 1.5 Expenditure Expenditure is included in the statemènt of finanaal actNilies whén incurred and indudes attributable VAT which cannot bè rècovered. The cost of raiyng fund5 comprise those costs direcuy 8ttributable to managing the chartvs Inv8stmgnt portfolio and raising investment income. Charitabltr activitles comprise don8tt.ons payable in the pursuance of the objectives of Ihe challty and in meeting the costs of administering the donation programme. Donations payable are chargèd in the year when the offer is convey8d to the recipient except in those cases where the offer is conditional such donations being recognised as expenditure when the conditions attached to them are fulfilled. Donations offered subjact to eonditions which have not beèn mat at the year end are noted as commitments bul not 8(xtued as expenditure in the accounts . In addrtion charitable activities comprisè support costs which are necessary for complbancè with statutory requirements. 1.6 Fixed as$Èt Investments Fixed asset investments are initially measured at transaction paca excluding transaction costs, and arg subsequently Treasured at fair value al each reporting date. Changes in fair value are recognised in nel InMe1{eXPend1tUr8I for the year. Transaction c0515 are expensed as incurred. 1.7 Cash and cash equivalents Cash and cash equivalents include Cash in hand. deposits held al cal wth banks, other short-term liquid investments with original maturities of three rnonths or lèss, and bank overdrafts. Bank avèrdrafts are shown within borrowngs in eurrent liabilities. Basi¢ financlal ass8ts Basic fjnancial assets, which includè debtors and cash and bank balances, are initially measured ot transaction price including Iransactitrn costs and are subsequently c8rri8d at amortised cost using Ihe effectnia interest rnethod unless the arrangernent constitutes a financing IransactK)n, whèrè Ihè transaction is measured at tha present value of the fvlure receipts discounted at a market rate of Interest. Financial assets classffied 8$ recewable within one year are not amortised. Basic financialliabiliti•s Basie financial liabilities, including cr6ditors and bank loan5 are initially reeognised al transaction price unless the arrangement conslilules a finanang transaction, Whe thè debt instrument is measured at the pr6s•nt value of thè fubjre payments discounted al a market rate of interest. Finanaal liabilities dassffied as payable within one year are not amortised. Debt inslruments aro $ubs6quently carried at amortis8d cost, using the effe¢lNe interest rate method. Trade creditors are obligations lo pay for goods or service5 that have been acquired in the ordinary coursè of operations fr¢m suppliers. Amounts payable are classified as current liabilib.es if payment is due within one year or less. If not, they are presented as non-current liabilities. TT8de crèditors are recognised initially al transaction price and subséquenily measured al arnortised cost using the effective interest method. Derecognition of financial liabilitie$ Financial liabilities are derecognisèd when the charity's contractual obligations expire or are di5ch8rgÈd or cancelled.
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 Accountlng policies Icontinuedl 1.8 Employee beneflts The cost Of any unused holiday OneMent is recognised in the pertod in which the employee's Services are rÈceNed. Terrninalion banefits are recognised Imm8diately as an expense when the Charty is demonstrably committed lo terminate the errploymenl of an employe8 ¢x to provide lemiination banefits. Critical accountlng 8Stlmate$ and judgements In the application of the charilys aceountlng pOIles, the trustees a rèquired to make judgements, estimatès and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are ba58d on histoiical experience and tsther factors that are consldered lo be relevant. Actual results may differ trom thes& eslimales. The 851imales and underfylng assumptions are reviewed rm an ongoing basis. Revision5 to accountsng estimates arè rè¢J)gn15ed in the period in which the estimate is revised whore the revision affects only that period, or in the pellod ol the revision and future periods where the rèvision affects both current and future periods. Incomè from investments Unrestrlcted Unrestrlctèd funds funds 2024 2023 Investment income Interest receivablé 213,580 4,417 228,778 350 217,997 229,128 Ralsing funds Endowment Endowment funds funds gertèral general 2024 2023 Invèstment management 48,048 53.733 48,048 53.733 10-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Charltable activltles 2024 2023 Staff costs Annual donations Extr8 donations New appeals Long temi donats'ons Accountancy Independent Examination Sundry expgnsas LEI faes 5,304 Y3,550 4,836 96,850 2,CKIO 35,500 44,250 8,020 1,300 384 78 Note 6 Note 6 Note 6 Note 6 26,225 44,150 8,180 1,300 351 179,060 193,218 Donations by type al Annual Donations 2024 2023 Basingsloke Mgncap Sèrvicas Bible Society Calibre Camrose Centre Canine Partner5 Friends of the Family Hampshire Mèdical Fund Hampton Trust Hants National Singing now YoLtth Arknst Fund HIWCF Home for Good Kingfisher Day Centre Loddon School Lord Mayc*r Treloar School Mercy Ships Mindlood CIC Moorfields Eye Hospitsl Mtstiv8 National Trust Newbury Spring F85tThial Oakley PCC Orchid Society of Great Britain Perennial P(#lsmouth Naval Base Propety Twst Resurgo Trust (Spear) Royal Xandra and Abert School Royal Horbcultural Soaety Sè&Ability Skinner's Academy Spinal Injuries Association 5,000 2,000 1,000 5,000 2,000 2.000 1.500 1,000 1.500 1,000 2,Otx) 1,000 1,000 1,000 1,500 1,000 1,500 1,000 2.000 1.000 1.000 1,000 1,000 1,000 1.000 1.000 1,000 1.000 1.000 1,500 1,250 1,500 1,000 1,500 2.000 2,500 1,000 5,000 2,500 1,000 1,000 1,000 1,000 1,500 1.250 1.500 1,000 1,500 2,500 1,000 5,000 2,500 1.000 1.000 11
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Donations by typè (Continued) St Mid)ael's Hospice The Anvil Trust The Art Fund Winchester Go LD Winchester Youth Counsslling Winchester Street Reach Woolf Institute Youth for Christ Other donations (less than £1.0001 2.000 1,000 2,000 1,000 1,000 1,0 1,000 1.250 1,000 41,550 1,250 1.(K)O 42,850 93,550 96.850 b} Extra donation5 2024 2023 Friends ol Wlnchesler Cathedral Winchester Street Reach Other donations (less than £1,OCX)I 1,CX)O 1,QJO 2,(X)O Nèw 8ppeals 2024 2023 All Saints Wg$ton PCC Berttie's Helpars BRF Anna Chaplaincy Church Plant Newquay College ofArm5 Juniper Tree Breaks Mary Hare Mayorfs ChèrityAppeal Money Lifeline New Foundations No Limiles Help Resource Revilalise 250 SASRA S$eAbility Sevemside BuildingAppeal Slockcross School The Safe Whitchurch Conservation Group Othèr donations (less than £1.0001 10,CX)O 1,000 2,0 1,CX)O 2,500 1,145 5.000 2,500 5,1)00 3,400 1,000 5,000 1.000 2,500 1.180 500 26,225 35,500 12-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 Donatlons by type {Continuedl dl Long terni donation5 2024 2023 pha Intemattonal Footprints Proj9Ct Future Trees Hope forth& Future Hunt Staff Bursary Scheme Judd School Kintsugi Hope Moorfields Eye Hospital Revelation Trust Scher£o Ensemble Sebastsan's Action Trust SIAndreWs Lives8y step by Slep Partnèrship Ltd Tall Ships Youlh Trust Trinity Winchester Winchester Beacon Winchester Hospice Winthesteryouth cOunlI1ng XLP YMCA Fairthomg Group Other Long Term Donatlln (less than £1.(M)01 5,000 1,500 1,000 1,500 1.000 15,000 1,000 2,500 2,500 1,000 5,0 15,000 2,5(X) 2,500 5.000 3.4CKJ 3,000 1,000 1,500 1,000 1,000 1,5CM) 1,OCN) 1,000 1.000 1,250 1.500 500 1.250 1.500 1.000 44,150 44,2SO Trusto•s one of the IStee5 lor any p8rsons connected wth them) received any rèmunèration or benefits from the eharity during the year. Employeès The average monthly number of empk)yees during the year was.. 2024 Numbèr 2023 Number Totsl 13-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Employees Icontlnuedl Employment costs 2024 2023 Wages and salarie5 5,304 4.836 Gains and losses on investmèrts Endowment Endowment funds funds 2024 2023 GoinFJllossesl arising on= Revaluation of investments Sale of investments 119.410 18,0611 1566,9141 252 111.349 1566,6621 10 Taxation Thè charity is exempt from taxation on its activities because all its income is applied for Charitable purposes. 11 Fixed Assèt Investments Llsted investments Cash In portrolio Total Cost or valLFation Al 6 April 2023 Additions Valuation changes Managemanl fees Disposals 8,931,371 454,366 111.349 85,567 {454,3661 9.016,938 111,349 148,0471 148,0471 449,618 1449,8181 At 5 April 2024 9.047,468 32,T12 9.080,240 Carying amount At OS April 2024 9,047,468 32,772 9,080.240 At 0SApril 2023 8.931,371 85.567 9,016,938 14-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 11 Fixed a$stt Investments (Continued) The investments included above. all of which were listed on a raeognised stock exchange compri58'. 2024 2023 United Kingdom Investmènts Overseas inveslmants 4,557,164 4,490,294 7.306,959 1.624,412 9,047,458 8,931,371 The following holdings represent more than 5% each of the total market valu& of the Investments Market Value Reckitt Benckiser Gr<)up PIC Find18y Park US Smaller Cos 1,570,550 849,435 17 15-
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SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 12 Flnanclal instruments 2024 2023 Carrying amount of financlal assets Instruments measured al fair value through profit or loss 9,047,4e8 8.931,371 13 Crèdltors.. amounts falling due within onè y•ar 2024 2023 Accountaney fee Independent examiner5 feès Secretarial salary 7,900 1,300 1,365 7,900 1.300 1,209 10,565 10,409 14 Endowment funds Income arising on the endowment funds can bè used in accordance with the objects of Ihe charity and is included as unrestricted income. Any capitsl gain5 or losses arising on the assets forrn Part of the fund. At6April 2023 Resource5 expended Transfers Gains and losses At 5 Aprll 2024 Permanènt endowments 8,986,608 {48,0481 30,331 111.349 9,080.240 Previous year: At 6 Aprll 2022 Resources expended Transfers Galns and 105SèS At S Aprll 2023 Pernianent endowments 9,607.003 153,7331 I6.662) 8,986,608 The £30,331 Iransler from the unreslricted fund to the endowment fund has been carried out in Order to rè- align the endowment fund with the actual pi•sent value ol the assets that it iepresents. 15 Analy$l$ of nèt assets betsyeen funds Unre$trScted Endowment fund5 funds 2024 2024 Total 2024 At S April 2024: Investments Current assetsl(liabilities) 9.080,240 9,080.240 138.576 138,576 138,576 9.080.240 9,218,816 -25-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 15 Analysls of net assets betsveen funds Icontinuedl Unrestricted Endowmenl funds funds 2023 2023 Total 2023 At S Aprll 2023: Investments Current assetsllliabilitresl 9.016.938 130.3301 9,016,938 99.640 129,970 129,970 8,986.608 9.116,578 16 Relatsd party trans#etion8 Mrs V R Persson received a salary of £5.30412023 - £4,838) as the charity bookkèeper. Mrs Persson is the daughtai of Lady Colman who Is a trustees of the charity. -28-
SIR JEREMIAH COLMAN GIFT TRUST DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 Investment Income Inlèrast recèived Income from Sislèd investments 4,417 213.580 350 228,778 217,997 229,128 Total incoming resources 217,997 229,128 Costs of generating funds Investment management CQ5t5 Invèstmant management C05tS 148,0481 153,7331 Charltablè actlvltles Secretarial salary Annual donations Extra Donations New appèas Long term donations Accouniancy fee5 Independent examinallons fees Sundry expenses LEI fees 5,304 93,550 4.836 96,850 2,000 35.500 44,250 8,020 1,300 26,225 44,150 8,180 1,300 351 78 1179,0601 1193,2181 Net movtment on investments Revaluation of investments Gain or loss on salè of investments 119,410 18,061} {566.9141 252 111.349 1566,6621 Surplusl(Defl¢ltl for thè Y•ar 102.238 1584,4851 -27-