Charity number: 229956 WILLIAM AND JOHN JONES TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2023 Partners Protecting your future.
LLIAM AND JOHN JONES TRUST CONTENTS Page Reference and admlnlstratlve detalls of the Charlty. Its Trustees and advlsers Trustees. ieport Independent examinerfs report ststement of financial activities Balanco sh88t Notes to the flnanclal statements 9-17
LLIAM AND JOHN JONES TRUST REFERENCE AND ADMINISTRATWE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 A Mason, Chair of Tfuslees DA Willk4ms M M¢)rris G Pickering I V Roberts Rev C Tucker (desed 1 Odober 20231 J Bome lapwnled 21 September 20231 CharFty reglster¢d number 229956 Principal office Caia Park Communty Counol Offi Pnnce Chartes Road Wrexham LL13 8Th Bankers HSBC Bank Pl¢ 17109 Regent Street Wrexharn Soll¢ltOE5 GHP Legal Ashgrove Grosvenor Road Wrexharn Invèstment Advlsors Evew Partner5 Page 1
WILUAM AND JOHN JONES TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Tfuslees present their annual report together Vth the enal statements of the Charity for the perfod from 1 January 2023 to 31 December 2023. Objectlves and actlvltles a. Pollclfjs and objoctlvos The Trust was established to appty income from endov*Ed fiJnds for the purposes of reliewng, in cases of nee(I, persons ressdent in the Brough of Wrexham, are carers. sick, convalescent, disabled, Qr have learning drffieulties. SeNices Of facilith.es are provided in the fomi of grants, which are calculated to alleviate such suffering or to 8SSiSt recovery of such Fersons in cases where help is rK)t available from other sources In setbng objectives and planning for activeS, the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefft, including the guidance 'Public benefft.. running charity IPB21'. b. Maln aGvItI0$ undertaken to further the Charlty's purposes for the publlc benefft We have referred to the guidance contsined in the Chartty Commission's general guidance on public benefit when reviewng our aims and objectives and in planning oui fiJture activities. Public efits1 vrds delivered during the yEar by providing grants tchvards the costs of respite care and tho purchase of special or essential equipment in order to improve appicants. qUty of Irfe in line the Trust's objectives. Achlevements and perforniance 8. Main achlevements of the Charlty During the year the charity awarded 174 grants to individuals to fvnd the costs of respite care and the purchase of special or essenb.al equipment in order lo improve applicants, qualty of lrfe in line wth the Trusvs gbjeclives. Flnanclal roview a. Going concern After making appropriate enquiries. the Trustees have a re8softab expectation that the Charity has adequate resources lo continue in operational e$ten for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the finanual stalements. Further dotails regarding the adoption of the going cOnM basis can be found in the accounting policies. b. Reser¥es poll¢y The malty of the Tru$Y$ fiJrKls are hdd as a restricted endov•Tnent th onfy the income bng able to be distributed. Free re$eNes. excludlng fixed asset investments. at the year end were £39,459 {2022:£84,269). Page 2
WILLIAM AND JOHN JONES TRUST TRUSTEES. REPORT IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 c. Materlal Investments polky The Trust was onginalty endcA*J ¢£.1a1 ty rts original benefactors in 1913, which capitsl was principally invested in a convalescent home in Rhyl. That capital was restn"cted. not being available for distn"bution, and was increased when the convalescent home ds Sotd. the proceeds being invested in a share portfolio. 11 is the Trust's investment policy to ensure that the share portfolio is property managed. The portfolio is rnanaged by Evelyn Partners and any ¢aprtal apprwation is reinvested in order to generate increased income. Any income generated is distribLrted as grant income. d. Flnanclal revl•w The gross income of the TNst increased to £34.794 from £34,035 in 2022. Grant aid for assistance under the objects of the Trust amounled to £39,33212022 £39,604) and experKliture was higher than income leading to deficit of £24.667 12022 defieÈÈ of £25.206) beth profit on inveslment revaIltIOns. Total funds at year end amounted to £980,97912022= £968,161). Structure, govemance and management a. Constltutlo William and John Jones Trust is 8 registered charTty, number 229956, aThJ is constituted under a Trust deed registered on 5th July 1990 which in tum tCk over the activ¢lies of an earlw Trust which operated with Similar obj&tives many years. b. Methods of appOIntht or e1g¢llon of TnteaS The management of the Chanty is the responsibilty of the Trustees vtho are elected and CC0Pted under the terms of the Trust deed. Trustees are apwnled by recommendation al a meeting of Trustees taking into account their specialist knovAedge of the sector in whith the tharty operates. If a Irustse dces not attend meetsngs for a 12 month period they are dfjemed to have resigned. c. Organlsatlonal structure and decislon4naklng pollcles The Trustees meet montrty to govem the affairs of the INst. d. Policies adoptsd for the Induction and trdining of Trtee$ New trustees are provided wilh copies of the Charrty Commi8&on's le8fiet CC3, describing responsibilities of charrty ffi&stee$. Plans for future periods The Trustees plan that the Trust y11 continue to provKle benefft lo the communty of Wrexham in line ils objectives. Page 3
WILUAM ANO JOHN JONES TRUST TRUSTEES. REPORT {CONTINUEDI FOR ThE YEAR ENDED 31 DECEMBER 2023 Independent Examlners WR Partners have acted as the charitys indeFendent examiners during the year and have expressed wllingness to continue in that capacity. Statsment of Trnstees. responslbllltlos The Trustees are reswnsible for preparing the Trustees, report and the finanual statements in aeeordance with appli¢able law and Unttef1 Kingdom Accounting Stsndards Iunited lQngdom Generally Accepted Accounting Practice). The law applicat4e to charities in England & Waks requires the Trustee5 to prepare finanual statsmenls for each financial year which give a true and fair wew of the state of affairs of the Charity and of ts incoming resources and application of resources, induding rts income and expendf(ure, for that period. In preparing these financial slalemenls, the Trustees are requir&J to.. seled suitable asxounting polioes and then appty them wisslenty. observe the methods and principles of the Charities SORP IFRS 102).. make judgments and accounting estimates that are reasonable and prudent stale whether applicable UK Accounttng Standards IFRS 102) have been followed, subjert lo any material departures disclosed and explained in the finanaal sLements". prepare the financial statements on the going concem basis unless it 1$ inappropriate to presume Ihat the Charity wll continue in business. The Trustees are pOnSIble for keeping adequate accounting records that are sufficient to show and explain the Charity5 lransath.ons and disclose reasonable accuracy at any time the financial posrf(ion of the Charity and enable them to ensure that the financial stemenls mplY wlh the Charities 2011. the Charity (Accounts and Reports) Regulations 2008 and the prowsions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for takn.ro reasonable Steps for the prevention and detection of fraud and other irregularities. Approved by order of the of the board of Tnjstees and signed on their behalf by. A Mason 2910512024 Page 4
LUAM AND JOHN JONES TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Indepond9nt Examlngrfs Rgport to the Trustees of Wllllam and John Jones Trust Ilhe Charlty'l I report lo the charity Trustees on my examinatton of the accounts of th& Charity for the year ended 31 December 2023. Responslbllltles and Basls of Report As the Trustees of the Charity you are responsible for the preparation of the acu)unts in accordance with the requirements of the Charities Act 2011 {Ihe 2011 ACYJ. I report in respect of my examination of the Ch8fTtys accounts carried out under section 145 of Ihe 2011 Act and in Carrn9 out my examination I have followed the applicab Directions glven by the Charity Commission under sedion 145151{b) of the 2011 Act. Page 5
YdLUAM AND JOHN JONES TRUST INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Independont Examlne¢s Statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance Mlh Accounting and Reporting by Charities.. Stslement of Recommended Practice applicaNe to charities preparing their accounts in accordance wlh the Financial Reporbng Stsndard appticalje in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charitses.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in extant regulations but has been withjrawn. l understand that this has been done in order for the acccNJnts lo prode a true and fair view in accordance wtth the Generally Apted Accounbng PraL*ce effectfve for reporttng pèrrods beginning on after 1 January 2015. I have completed my examination. I confim that no matters have ¢>)mé to my attention in connection with the examination gNing me cause to beIVe that in any Materi respe accounting records [e Th)t kept in fespect of Ihe Charity as requir&J by section 130 of the 2011 Act., or the xcourrts do not accord writi those reeonts.. or the accourrts do nol comply th the applicable requirements con¢eming the fomi and content of accounls set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirernent that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no concems and have Come aeross no other matters in connection ¥th the examinaOn to attention should be drawn in this report in order lo enab a proper undefstanding of the accounts lo be reached. This report is m&Ye solely to the Charivs Trustees, as a tr, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My Irk has been undertaken so that I might stale lo the Charity's Trustees those rnatters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent pemiitted bylaw, I do not acLept or assume responsibility to anyone rjlher than the Charity and the Charivs Trustees as a body, for my work or for this report. Slgned.. S J Tweedle Dated.. 16 September 2024 Bsc FCA DChA WR Partngrs Chartered Auntants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Page 6
WILUAM AND JOHN JONES TRUST STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2023 Endowment Unrgstrl¢tgd funds funds 2023 2023 Total funds 2023 Total fiinds 2022 Income and 8ndoYfflionts from: Investments 34.794 34.794 34,035 Total Income and gndowrnonts 34.794 34,794 34,035 Expendlture on: Raising funds charitab adivilie5 6.790 1.583 51,088 8.373 51,088 8,597 50,644 Total expendlture 6.790 51671 59,461 59,241 Net expendlture before net gainsl{lossesl on investments Nel gainslllosses} ¢Jn investments 16.790) 30.398 {17,8771 7.087 {24,667) 37.485 (25,206J (56,396J Net movement in funds 23.608 {10.7901 12,818 (81,602J Reconciliation of funds: Total fijnds brought forward Net movement in funds 785.072 23.608 183.089 (10.7901 968,161 12,818 1,049, 763 (81,602) Total funds carrfed forKdnl 808.680 172,299 980.979 968, 161 The Staternent of FInarlar Activths includes all gains and l¢)sses recogni5ed in the year. The notes on pages 9 10 17 fom part ofthese financial $lalements. Page 7
WILUAM AND JOHN JONES TRUST BALANCE SHE AS AT 31 DECEMBER 2023 2023 2022 Flxed assets Investments 11 941,520 883,892 941.620 883,892 Currerrt assets Debtors Cash at bank and in hand 12 201 86.292 41,531 41.761 86,493 Creditors.. amounts falling due V*ithin or 12.3021 (2,224) Net currènt assets 39,459 84,269 Total assets Igss current Ilabllltles 980.979 968, 161 Total ngt assgts 980.979 968, 161 Charlty funds Endowment funds Restricted funds Unreslricled funds 14 14 14 808,680 785,072 172.299 183,089 Total funds 980.979 968, 161 The financial ststements were approved and authorised for issue by the Tnjstees and signed on their behaw by. A Mason Date: 2910512024 The noles on pages 9 to 17 fM part ofthese finarLial statements. Page 8
LLIAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 G•n8ral IOM)atIOn William and John Jones Trust is a registered charity. number 229956, and is constituted under a Trust deed registered on 5th Juty 1990. The o-ects of the Trust are lo apply income from endowed funds for the purposes of relieving, in cases of need, persons resident in the Brough of Wrexham, who are carers, sick, convalescent. disabled. or have leaming difficulties. Accountlng poll¢les 2.1 Basls of preparntion of financial slatgmgnts The financial stslements have been prepared in accordance the Charrties SORP IFRS 1021 _ Accounting and Rep(xting by Charities.. Stslemenl of Recommended Practice aPplicae to charf(ies preparing their accounts in accordance the Fillanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. the Financial Reporting Standard applicable in the UK and Republ of Ireland IFRS 1021 and Ihe Charities Act 2011. The financial statements have been prepared to give a Inje and fai¢ view and have departed from the Charities (Accounts and ReF)Ortsl Regulations 2008 only to the extent required lo provide a 'lrue and fair, view. This departure has invdved followng the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporb"ng by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been vthdrawn. William and John Jones Trust meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initi'ally recognised at historical cost or transaclion value unless olherwtse stated in the ielevant accounting policy. 2.2 Income Al income is recognised ¢)nce the Charity has entitlement to the inme, il is probable that the inrne will be received and the amount of income rerivthe be measured rdiably. Income tax recoverable in relalion to investrnent income is recognised al the time the investment income is receivable. 2.3 Expenditure Expenditure 1$ recognised once there is a legal or cOnstru1ve obligation to transfer economic benefit to a third paty, f( is probable that 8 transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by ath"vity. The costs of each activrty are made up of the total of direct costs and shared costs, including support costs involved in undertaknng each a¢bvity. Direcl costs attn.bUtab to a single activity are allocated directly to that actiwty. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activrty are apportioned been those acteS on a basis consistent with the use of resources. Central stsff costs are allted on the basis of time spent, and depreciation charges allocated on the ports'orb of the asset's use. Expenditure on raising fvrKls includes all expenditure incurred by the Charity to raise fvnds for its aritable purposes and indudes costs of all tsndraising activities events and non-charitable tr8ding. Expenditure on chantable actiwties is incurred on directly undertaking the aebviknes which further the Charitys objectives, as well as any assochqle(f support eosts. Page 9
YaLUAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AccountSng pollclos Iconllnuedl 13 Expenditurn {conUnuedl Grants payable are charged in the year %then the offer is made except in those cases where the offer is condits'onal, such grants being recognised as eXnditUre when the condth.ons attaching are lfilled. Grants offered subject lo conditions vthich have not been mel at the year end are noted as a commitment, but rKrt accrued as expenditure. Al expendibjre is inclusive of irrecoverable VAT. 2.4 Inv*stments Fixed asset invesknents are a fomi of financial instrument and are initially recognised at their transaction cost and subsequerbtty measured al fair value at the Balance sheel date, unless the value cannot be measured reliabty in which case (( is meaSUd at cost less irnpairnient. Investment gains and losses, whether realised or unall$ed, are combined and presented as 'GainsllLossesl on investments, in the Statement of financia a¢bV.e8. 2.5 Debtors Trade and other debtors are recognised at the setuemerrt amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dists)unts due. 2.6 Cash at bank and in hand Cash at bank and in harKI indudes cash and short-lerm highly liquid investments with a short maturity of three months or less from the dale of wuisitson or opening of the deposit or similar account. 2.7 Liabilities and provlslons Liabiliti'es are recognised when there is an obligation at the Balance sheet dale as 8 resutt of a past event, it is probable that a transfer of economic benefit TrMII be required in settlement, and the amount of the setuement be estimated rel18y. LFabilities are iecognised at the amount that the Charity anbopates it will pay to setue the debt or the amount it has recaved as advanced payTnwts for the go(Kls or seNces it must provhle. Prowsions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rale that refiects the risks speryfic to the liability. The unwnding of the discount is recognised in th8 Statement of financial actiwties as a finance cost. 2.8 Flnanclal Instruments The Chanty only has financial assets and financial liabilitses of a kind that qualify as basic financial inslrumenl$. Basic finanoal instruments are inib'ally recognised at transaction value and subsequently measured at their setuement value the exception of bank loans which are subsequenuy measured at amortised cost Usirtg the effective interest method. Page 10
LUAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢los Icontlnued) 2.9 Fund ?onng General funds are unrestricted fvnds whith are available for use at the discrelion of the Truste8s in ftJrtheran¢e of the general objectives of the Charity and lch have not been designated for other purwses. Investment income. gains and losses are allcK*ed to the appropriate fund. The Endowment Fund represents the proceeds of the sale of an endowed nursing home that is now held in investments. The investment is held by Tilney in a mixed portfolio consisting of Govemmenl and Corporate Bonds and Equities in a range of sectors. Investment Income Unrestrlcted funds 2023 Total funds 2023 Total funds 2022 Income from listed investsments Investment income- interest received 34.541 253 34541 253 33,965 70 34,794 34.794 34,035 Total 2022 34,035 34,035 Investment management costs Endovmient Unrestrfcted funds funds 2023 2023 Total fvnd$ 2023 Total funds 2022 Investment management fees 6,790 8.373 8,597 T(k812022 7.637 960 8,597 Page11
WILUAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls ol grants Grants to Indlvlduals 2023 Total funds 2023 Tolal funds 2022 Grants, to individuals 39,332 39.332 39,604 Total 2022 39,604 39,604 Anatysls of expenditure on chaTltable actlvStles Summary by fund type Unrgstrlcted funds 2023 Totsl 2023 Total 2022 Grants Support costs 39.332 11.756 39.332 11.756 39,604 11,040 51.088 61.088 50,644 Total 2022 ,644 Page 12
LLIAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Anatysls of expendlture by activities Grant fundlng of adlvltlos 2023 Support costs 2023 Total funds 2023 Tot81 funds 2022 Grants to indmduals Support Costs 39.332 39.332 11.766 39,604 11,040 11.756 39.332 11,756 51.088 50,644 Totsl 2022 39.604 11,040 50,644 Independent examlnerfs remunoratlon The independent examinerfs remuneration amtyjrts to an irKlopendenl examiner fee of £960 12022 - £), and and accounts prepar*'on of £90012022- £T92). Staff costs 2023 2022 Waggs and salaries 7.047 6,815 7,047 6,875 The average number of persons employed by the Charity during the year was as follows.. 2023 No. 2022 No. Employees No employee received remuneraticfi amounting to more than £60,000 in either year. 10. Trustses, remuneratlon and expgnses During the year, no Tnjstees recerved any remuneration or other benefits 12022- £NILJ. Page13
V41LLIAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Trustees. remuneration and gxpenses (continued) During the year ended 31 Dember 2023. Trustee expenses have been intsjffed (2022- £NIU. 11. Flxed asset Investments Llstgd Investments Cost or valuation At 1 January 2023 Addthons rAsposals Revaluations 883,892 232,437 1212,2941 37.485 Al 31 December 2023 941.$20 Net book valug At 31 Dember 2023 941,520 At 31 December2022 883,892 12. Debtors 2023 2022. Dug wlthln one year Prepay7nents and aCcnd income 230 201 230 201 13. Credltors: Amounts falling due T*Alhln one year 2023 2022 Other tsxalion artd social seeurity A(thals and deferred income 114 2,110 2.188 2.302 2,224 Pag& 14
*ILUAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 DECEMBER 2023 14. Statement of funds ststement of funds- current year Balancè at 31 Gainsl December IL05sesl 2023 Balance at 1 January 2023 Income Expenditure Unrestrlcted funds General Funds- all fuThJs 183.089 34,794 {52,671) 7,087 172.299 Endowment lunds Endowmenl Funds- all frjnds 786.072 (6.790) 30.398 808,680 Totsl of funds 968.161 159,4611 37.485 980.979 Page 15
LUAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Statemenl of funds Icontinuedl Statsment of funds - prlor yoar Balance al 31 December 2022 Balan¢ al l January 2022 Transfe Gain (Losses) Unrestrfcted funds General Funds- all lunds 209,216 (51.604) (1.037) (7,521) 183,089 Endowment funds Endowment Funds- all funds 840,547 17,637) 1,037 (48,875) 785,072 Total of funds 1.049.763 34.035 (59.241) (56.396J 968, 161 18. Anatysls of net assots beiwegn funds Anatysls of not assots beten funds- currentygar Endowmenl Unrestrlcted funds funds 2023 2023 Total funds 2023 Fixed asset investmerrts Current assets Creditors due within one year 808,680 132,840 41,761 {2,3021 941,620 41,761 12,3021 Totsl 808,680 172,299 980,979 Page 16
WILLIAM AND JOHN JONES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Anatysls of net assats betwo8n funds IntInu9d) Analy818 of net assets between funds- prlor year EndOWnnI UnTrstiy¢tgd funds funds 2022 2022 Total funds 2022 Fixed asset investments Current assets Creditors due within one year 883.892 86.493 (2,224) 883,892 86,493 (2.224) Totsl 968, 161 968.161 16. Related party transacllons The Charity has not entered into any related paty transac*on during the year, nor are there any outstanding balanees owng bètsveen related parb.es and the Charity al 31 December 2023. Page 17