REGISTERED CHARITY NUMBER: 239198
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
FOR
THE JARMAN CHARITABLE TRUST
Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
THE JARMAN CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 5 April 2025
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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10
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THE JARMAN CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees may at their discretion:
(i) Appropriate or undertake to pay to or for the benefit of any charitable object, charitable purpose or charitable institution, the income of all or part of the trust fund or any fixed or ascertainable sum payable out of such income during any period fixed or ascertainable, and with or without any trusts or conditions of an exclusively charitable nature attached thereto.
(ii) Raise and pay out of the capital of the trust fund any sum of money or transfer any investments forming part thereof to any charitable institution or to any persons as trustees, for any such institution or for any charitable object or charitable purpose in such manner and upon such trusts and conditions (being of an exclusively charitable nature) as the trustees may determine.
Applications for financial assistance are considered by the trustees at meetings held in Spring and Autumn. Most beneficiaries are connected in some way with the Birmingham area.
There have been no major changes in organisation during the year.
The power of appointing new trustees is vested in the existing trustees.
There are no restrictions on the charity's power to invest.
Public benefit
The trustees have had regard to the Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The trustees consider the trust to be a public benefit entity and consider its grant making activity to be for the public benefit.
FINANCIAL REVIEW
Investment policy and objectives
Investments are selected with the aim of generating a reliable real income over the long term with minimal management requirement by the trustees.
Details of investment assets are shown in note 5 to the accounts. The market value of investment assets at 5 April 2025 amounted to £997,304. This was after an increase in market value of £38,930.
.
Reserves policy
The trustees consider that overall reserves at 5 April 2024, will ensure that, in the event of a significant drop in income, they will be able to continue the charity's objectives at similar levels of activity during the forthcoming year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The trust was established by a charitable trust deed on 24 November 1964.
Recruitment and appointment of new trustees
New trustees are selected and appointed by the existing trustees. In any such selection due consideration would be given to the current needs of the charity and the aims of its founder.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 239198
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THE JARMAN CHARITABLE TRUST
REPORT OF THE TRUSTEES for the Year Ended 5 April 2025
Principal address 52 Lee Crescent Edgbaston Birmingham West Midlands B15 2BJ Trustees Ms S M Chilton Mr A Davis Mr A Davis Ms I Davis Mr C Davis Independent Examiner Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY Bankers Santander Bridle Road Bootle Merseyside L30 4GB Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Ms S M Chilton - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JARMAN CHARITABLE TRUST
Independent examiner's report to the trustees of The Jarman Charitable Trust
I report to the charity trustees on my examination of the accounts of The Jarman Charitable Trust (the Trust) for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view 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 in this report in order to enable a proper understanding of the accounts to be reached.
D Rogers
Bernard Rogers & Co Bank Gallery High Street Kenilworth Warwickshire CV8 1LY
Date: .............................................
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THE JARMAN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 5 April 2025
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Charitable activities Grant making Other Total Net gains/(losses) on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 60,610 38,000 840 38,840 - 21,770 295,317 317,087 |
Endowment fund £ - - - - 38,930 38,930 959,374 998,304 |
2025 Total funds £ 60,610 38,000 840 38,840 38,930 60,700 1,254,691 1,315,391 |
2024 Total funds £ 56,218 - 895 895 (16,978) 38,345 1,216,346 1,254,691 |
|---|---|---|---|---|
The notes form part of these financial statements
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THE JARMAN CHARITABLE TRUST
BALANCE SHEET 5 April 2025
| Notes FIXED ASSETS Investments 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 7 Unrestricted funds Endowment funds TOTAL FUNDS |
Unrestricted fund £ - 317,926 (839) 317,087 317,087 317,087 |
Endowment fund £ 997,304 1,000 - 1,000 998,304 998,304 |
2025 Total funds £ 997,304 318,926 (839) 318,087 1,315,391 1,315,391 317,087 998,304 1,315,391 |
2024 Total funds £ 958,374 297,157 (840) 296,317 1,254,691 1,254,691 295,317 959,374 1,254,691 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Ms S M Chilton - Trustee
The notes form part of these financial statements
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THE JARMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 5 April 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable 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 are included at market value, as modified by the revaluation of certain assets.
The charity is a public benefit entity.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
The Endowment Fund is an unrestricted fund.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Investments
Fixed asset investments are valued at their year end market value. Gains and losses arising on the revaluation or disposal are credited or charged to the respective fund.
2. INVESTMENT INCOME
| Income from unit trusts Interest |
2025 £ 57,535 3,075 60,610 |
2024 £ 54,580 1,638 56,218 |
|---|---|---|
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THE JARMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Other Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD FIXED ASSET INVESTMENTS MARKET VALUE At 6 April 2024 Revaluations At 5 April 2025 NET BOOK VALUE At 5 April 2025 At 5 April 2024 |
Unrestricted fund £ 56,218 895 - 55,323 239,994 295,317 Listed investments £ 928,374 38,930 967,304 967,304 928,374 |
Endowment fund £ - - (16,978) (16,978) 976,352 959,374 Unlisted investments £ 30,000 - 30,000 30,000 30,000 |
Total funds £ 56,218 895 (16,978) 38,345 1,216,346 1,254,691 Totals £ 958,374 38,930 997,304 997,304 958,374 |
|
|---|---|---|---|---|
There were no investment assets outside the UK.
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THE JARMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2025
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors MOVEMENT IN FUNDS Unrestricted funds General fund Endowment funds Unrestricted Endowment TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 60,610 Endowment funds Unrestricted Endowment - TOTAL FUNDS 60,610 Comparatives for movement in funds Unrestricted funds General fund Endowment funds Unrestricted Endowment TOTAL FUNDS |
At 6.4.24 £ 295,317 959,374 1,254,691 Resources expended £ (38,840) - (38,840) At 6.4.23 £ 239,994 976,352 1,216,346 |
2025 £ 839 Net movement in funds £ 21,770 38,930 60,700 Gains and losses £ - 38,930 38,930 Net movement in funds £ 55,323 (16,978) 38,345 |
2024 £ 840 At 5.4.25 £ 317,087 998,304 1,315,391 Movement in funds £ 21,770 38,930 60,700 At 5.4.24 £ 295,317 959,374 1,254,691 |
|---|---|---|---|
7. MOVEMENT IN FUNDS
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THE JARMAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 5 April 2025
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds Unrestricted Endowment |
Incoming resources £ 56,218 - |
Resources expended £ (895) - |
Gains and losses £ - (16,978) |
Movement in funds £ 55,323 (16,978) |
|---|---|---|---|---|
| TOTAL FUNDS | 56,218 | (895) | (16,978) | 38,345 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Endowment funds Unrestricted Endowment TOTAL FUNDS |
At 6.4.23 £ 239,994 976,352 1,216,346 |
Net movement in funds £ 77,093 21,952 99,045 |
At 5.4.25 £ 317,087 998,304 1,315,391 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Endowment funds Unrestricted Endowment |
Incoming resources £ 116,828 - |
Resources expended £ (39,735) - |
Gains and losses £ - 21,952 |
Movement in funds £ 77,093 21,952 |
|---|---|---|---|---|
| TOTAL FUNDS | 116,828 | (39,735) | 21,952 | 99,045 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
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THE JARMAN CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 5 April 2025
| INCOME AND ENDOWMENTS Investment income Income from unit trusts Interest |
2025 2024 £ £ 57,535 54,580 3,075 1,638 |
|---|---|
| 60,610 56,218 |
|
| Total incoming resources EXPENDITURE Charitable activities Grants payable Support costs Governance costs Accountancy and legal fees |
60,610 56,218 38,000 - 840 895 |
| Total resources expended | 38,840 895 |
| Net income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments |
21,770 55,323 38,930 (16,978) |
| Net income | 60,700 38,345 |
This page does not form part of the statutory financial statements
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