Charity Charity registration registation number: number: 246905 246905
The The Joshua Joshua George George and[and] Sophie[Sophie] Mellers Mellers[Charity] Charity
Annual Annual Report Report and[and] Financial[Financial] Statements[Statements] for for the the Year Year Ended Ended 5[5] April[April] 2024 2024
The The Joshua Joshua George George[and] and Sophie Sophie Mellers Mellers Charity Charity
Contents Contents[(continued)] (continued)
Reference Reference and and Administrative Administrative Details Details 1 1 Trustees' Trustees! Report Report 2t04 2 to 4 Independent Independent Examiner's Examiner's Report Report 5 5 Statement Statement of of Financial[Financial] Activities Activities 6 6 Balance Balance[Sheet] Sheet 7 7 Notes Notes to to[the] the[Financial] Financial Statements Statements 8t016 8 to 16
The The Joshua Joshua George George and and Sophie Sophie Mellers Mellers Charity Charity
Reference Reference and[and] Administrative Administrative Details Details
| Clerk Clerk |
Ms A Chandler MsA Chandler |
|---|---|
| CharityRegistration Number Charity Registration Number |
246905 246905 |
| Principal Office Principal Office |
PO Box 11228 POBox 11228 |
| Nottingham Nottingham |
|
| NG-14 6YY NG14 6YY |
|
| Independent Examiner Independent Examiner |
RWB CA Limited RWB CA Limited |
| Northgate House NorthgateHouse |
|
| North Gate North Gate |
|
| NewBasford New Basford |
|
| Nottingham Nottingham |
|
| NG77BQ NG77BQ |
|
| Bankers Bankers |
National Westrninster Bank Plc National WestminsterBankPlc |
| 148-149 Victoria Centre 148-149 Victoria Centre |
|
| Nottingham Nottingham |
Page Page[1] 1
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The Joshua The Joshua George George and [and] Sophie Sophie Mellers Mellers Charity Charity
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Trustees' Trustees'[Report] Report
The The[trustees] trustees present[present] the[ the] annual[annual][report together] report together with with[the] the financial financial statements[statements] of[of][ the] the[Charity] Charity[for] for the[ the] year year[ended] ended[5] 5 April[April]
Legal Legal and and administrative administrative information information This This[is] is given given on on page page[1.] 1. The The Trustees[Trustees][that] that are are[currently] currently serving, serving, or or were were[serving] serving during during[the] the year year are are listed listed on on page page[2.] 2.
Objectives and Objectives and activities activities
Objects Objects and and aims aims The The[Charity] Charity was was set[set] up up by[by][the] the Will[Will][of] of[Joshua] Joshua[George] George Mellers Mellers with with[Codicil] Codicil[thereto] thereto[proved] proved 10[IO][August] August 1943 1943 as as
amended amended by by a a scheme scheme dated dated 19 19 October October 1960. 1960. The The purpose purpose of of the the Charity Charity is is to to maintain maintain the the J J G G and and S S Mellers Mellers
Almshouses Almshouses at[at] 178, 178, 180, 180, 182, 182, 184, 184, 186, 186, 188 188 and and 190 190 Wollaton Vale, Wollaton Vale, Nottingham Nottingham to to provide provide housing housing for for necessitous[necessitous]
persons persons of[of][ good] good[ character] character[and] and reputation[reputation] being being[residents] residents[in] in the[ the][City] City of[of Nottingham.] Nottingham.
Public Public benefit benefit In In planning planning their their activities activities for for[the] the year, year, the the frustees trustees[kept] kept in in mind mind[the] the[Charity] Charity Commission's Commission’s guidance guidance on on public public benefit benefit at at their their meetings. meetings. They They consider consider that that they they have have met met their their objectives objectives of of benefitting benefitting the the public public by by providing providing almshouses almshouses of of a a high[high] standard standard to to individuals individuals who who meet meet the the Charity’s Charity's criteria. criteria. The The trustees trustees confirm confirm[that] that they[they][have] have[complied] complied[with] with the[the] requirements[requirements][of] of[ section] section[17] 17[ofthe] of the Charities Charities[Act] Act[2011] 2011 to to have[have] due due regard regard to to the the public public benefit benefit guidance guidance published published by by the the Charity Charity Commission Commission for for England England and and Wales. Wales.
Trustees Trustees and and officers officers
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The The trustees trustees [and] and officers officers [serving] serving during during [the] the year year and [and] [since] since the [ the] year year end [end] were were as as follows: follows:
Trustees: Trustees: Mrs Mrs [J] J Olpin Olpin
Reverend Reverend T T Pullen Pullen
Mr Mr N N Cullen Cullen
Mr Mr B [B] [Harris] Harris
Mr A Mr A Gregory Gregory (resigned [(resigned] [4] 4 [October 2023)] October 2023)
Mr Mr Ray [Ray] [Fielding] Fielding [(appointed] (appointed 4 [4] [October] October 2023) [ 2023)]
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Clerk Clerk Ms Ms A A Chandler Chandler
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The The Joshua Joshua George[George][and] and Sophie Sophie Mellers Mellers Charity Charity
Trustees’ Trustees' Report[Report] (continued)[(continued)]
Financial Financial review review
Policy Policy on on reserves reserves
The The Trustees[Trustees] have[have][reviewed] reviewed the[the][Charity's] Charity’s[needs] needs[for] for reserves reserves in in line line with with[the] the guidance[guidance] issued issued by by the the Charity Charity Commission. Commission.
The The[scheme] scheme document[document][of] of[ the] the[Charity] Charity[requires] requires[the] the[establishment] establishment[of] of an an Extraordinary Repair Extraordinary Repair Fund Fund for for the[the] purpose purpose of of provided provided for for[the] the repair, repair,[improvement,] improvement, or or[rebuilding] rebuilding[of] of[ the] the[almshouses] almshouses belonging belonging to to the[the] Charity. Charity. The The Trustees Trustees will will pay pay[at] at[least] least[ESO] £50 of[of] the[the][Charity's] Charity’s income[income][into] into[the] the[ Extraordinary Repair] Extraordinary Repair[fund] fund investment[investment][per] per year.[year.]
The The unrestricted[unrestricted][income] income[fund] fund represents represents reserves reserves to to cover cover the[the] Charity’s[Charity's] running running costs. costs. As As[at] at[5th] Sth April April 2024 2024[the] the[årnd] fund
stood stood[at] at £107,903 E107,903 (2023: (2023: £104,875). The The[Trustees] Trustees[believe] believe[that] that[the] the minimum minimum level level of[of][ the] the income income[fund] fund should should[be] be
reviewed reviewed annually annually and and any any sums sums not not needed needed by by the the[Charity] Charity for for immediate immediate working working purposes purposes shall shall be be invested[invested]
(unless (unless otherwise otherwise ordered) ordered) as as soon soon as as possible. possible.
Investment Investment policy[policy] and and objectives objectives
The The residents[residents] of[of][ the] the Almshouses Almshouses[make] make[contributions] contributions[ towards] towards the[the] cost cost[of] of maintaining maintaining[the] the[homes.] homes. There[There] is[is] also[also] an an
investment investment fund fund which which produces produces income income in in order order to to help help towards towards the the maintenance maintenance of of the the properties. properties. Finally, Finally, the the trust frust
has has an an invesünent investment in in accumulation accumulation units units which which is is a a fund fund for for the the extraordinary extraordinary repair, repair, improvement improvement or or rebuilding rebuilding of of
the the Almshouses. Almshouses. The The accounts accounts and and investments investments are are reviewed reviewed by by the the trustees frustees once once a a year. year. The The Charity’s[Charity's] investnents investments are are[held] held[by] by M&G M&G Securities Securities[Limied.] Limied.[Stockbrokers] Stockbrokers provide provide investnent investment advice advice as as and[and]
when when necessary. necessary.
Structure, Structure, governance governance and and management management
Nature Nature of ofgoverning governing document document
Every Every matter matter is is determined[determined] by by the the majority majority of of votes votes of of[ the] the Trustees Trustees present. present. There There shall[shall] be[be] a a quorum quorum when when[three] three
Trustees Trustees are are present present at at a a meeting. meeting. The The Chairman Chairman of of the the meeting meeting has has the the casting casting vote. vote.
Recruitment Recruitment and and appointment appointment of of trustees trustees
Trustees Trustees of of Joshua Joshua George George and and Sophie Sophie Mellers' Mellers' Charity Charity have have resolved resolved that that there there shall shall be be five five co-opted co-opted trustees. trustees. Individuals Individuals will will be[be][co-opted] co-opted at at the the discretion discretion of of existing existing Trustees Trustees and and shall shall have have demonstrated demonstrated that that they they have have the the skills, skills, knowledge knowledge[and] and[experience] experience suitable[suitable][for] for the[the][role.] role.
Where Where[possible] possible[at] at least[least] one one[of] of[the] the[co-opted] co-opted trustees trustees will will[have] have links links to to The The Royal Royal British British Legion. Legion.
Major Major risks risks and management and management of[of][those] those risks risks
The The Trustees[Trustees] have[have] assessed[assessed][the] the major major risks risks to to which which the[the][Charity] Charity[is] is[exposed] exposed[and] and are are satisfied[satisfied] that[that] systems systems are are in in
place place to to mitigate mitigate these these risks. risks.
Page Page 3[3]
The The Joshua Joshua George[George] and[and] Sophie Sophie Mellers Mellers Charity Charity
Trustees' Trustees' Report Report[(continued)] (continued)
Statement Statement of of Trustees' Trustees'[Responsibilities] Responsibilities
The The[frustees] trustees are are[responsible] responsible[for] for preparing preparing the[the][trustees'] trustees'[report] report[and] and[the] the financial financial[statements] statements in[in][accordance] accordance[with] with the[the] United United Kingdom Kingdom Accounting Accounting[Standards] Standards (United (United Kingdom Kingdom Generally Generally[Accepted] Accepted Accounting Accounting Practice) Practice) and[and] applicable[applicable]
law law and[and][regulations.] regulations. The The[law] law[applicable] applicable to[to] charities charities[requires] requires the[the][trustees] trustees to[to] prepare prepare financial financial statements[statements][for] for[each] each financial financial year year which which give give a a true uue and and fair fair view view of of the the state state of of affairs affairs of of the the Charity Charity and and of of the the incoming incoming resources resources and and application application of of
resources resources[ofthe] of the[Charity] Charity[for] for that[that][period. In] period. In preparing[preparing][these] these financial financial statements, statements,[the] the[ üustees] trustees are are required[required] to:[to:]
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- select select suitable suitable accounting accounting policies policies and and then[then] apply apply them them consistently; consistently;
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- observe observe the the methods methods and and principles principles in in the[the] Charities Charities SORP; SORP;
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- make make judgements judgements and and[estimates] estimates that that are are reasonable reasonable and and prudent;[prudent;]
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- state state whether whether applicable applicable accounting accounting standards standards have have been been followed, followed, subject subject to to any any material material departures departures disclosed disclosed and and explained explained in in the the financial financial statements; statements; and and
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- • prepare prepare[the] the financial financial[statements] statements on on[the] the going[going] concern concem basis[basis][unless] unless[it] it is[is][inappropriate] inappropriate to[to] presume presume[that] that[the] the[Charity] Charity will will continue[continue] in[in][business.] business.
The The trustees trustees are are[responsible] responsible[for] for keeping[keeping] proper proper[accounting] accounting records records that that disclose disclose with with reasonable reasonable accuracy accuracy at at any any time time[the] the financial financial[position] position[of] of[ the] the[Charity] Charity[and] and[enable] enable[them] them to to ensure ensure[that] that the[the] financial financial[statements] statements comply comply with with the[the] Charities Charities[Act] Act[2011,] 2011,[the] the Charities Charities (Accounts (Accounts[and] and Reports)[Reports)] Regulations Regulations[2008,] 2008, and[and][the] the provisions[provisions][of] of[ the] the constitution.[constitution.] The The[trustees] trustees are are[also] also[responsible] responsible[for] for[safeguarding] safeguarding[the] the assets assets of[of][ the] the[Charity] Charity[and] and[hence] hence for[for] taking[taking][reasonable] reasonable[steps] steps[for] for the the prevention prevention and and detection detection of of fraud fraud and and other other irregularities. irregularities.
The The trustees trustees are are[responsible] responsible for for the[the][maintenance] maintenance[and] and[integrity] integrity[of] of the[ the][corporate] corporate[and] and financial financial information information included included on on
the the charitable company's charitable company's website. website. Legislation Legislation governing governing the the[preparation] preparation and and[dissemination] dissemination of of financial financial statements statements
may may[differ from legislation] differ from legislation[ in] in[other] other jurisdictions.[jurisdictions.]
The The annual[annual] report[report] was was approved by approved by the[the] trustees trustees[of] of[ the] the[Charity] Charity on on 16 16 October October 2024 2024 and[and] signed[signed] on on[its] its behalf behalf by:[by:]
Mrs Mrs Olpin Ipin Trustee Trustee
Page Page 4 4
The The Joshua Joshua George George[and] and Sophie Sophie Mellers Mellers Charity Charity
Independent Independent Examiner's Examiner's Report Report to to the the trustees trustees of of The The Joshua Joshua George George and and Sophie Sophie Mellers Mellers Charity Charity
I I report report to to the the frustees trustees on on my my exarnination examination of of the the accounts accounts of of The The Joshua Joshua George George and and Sophie Sophie Mellers Mellers Charity Charity for for the the
year year ended[ended][5] 5 April[April][2024.] 2024.
Responsibilities Responsibilities and and basis basis of of report report As As the[the] Charity[Charity][frustees] trustees[of] of The The[Joshua] Joshua George George[and] and Sophie[Sophie] Mellers Mellers Charity[Charity] you you are are[responsible] responsible for for[the] the preparation[preparation] of of the the accounts accounts in in accordance accordance with with[the] the requirements requirements of of the the Charities Charities Act Act 2011 2011 (‘the ('the Act'). Act’).
I I report report in in respect respect of of my my examination examination of of the the The The Joshua Joshua George George and and Sophie Sophie Mellers Mellers Charity's Charity's accounts accounts carried carried out out
under under section section 145 145 of of the the 2011 2011 Act Act and and[in] in carrying carrying out out my my examination examination[I] I have have followed followed all all the the applicable applicable Directions Directions given given[by] by the[the][Charity] Charity Commission Commission[under] under[ section] section[145(5)(b)] 145(5)(b)[of] of the Act.[ the] Act.
Independent Independent examiner's examiner’s statement statement
I I have have completed completed my my examination. examination. I I confirm confirm that that no no material material matters matters have have come come to to my my attention attention in in connection connection with with
the the examination examination giving[giving] me me cause cause to to believe[believe] that that in in any any material material respect: respect:
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1, I. accounting accounting[records] records were were not not kept kept in in respect respect of of The The Joshua Joshua George George and and Sophie Sophie Mellers Mellers Charity Charity as as required required by by section section 130 130 of of the the Act; Act; or or
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- the the accounts accounts do do not not accord accord with with those those records; records; or or 3. 3. the the accounts accounts do do not not comply comply with with the the accounting accounting requirements requirements concerning concerning the the form form and and content content of of accounts accounts set set out out in in the the Charities Charities (Accounts (Accounts and and Reports) Reports) Regulations Regulations 2008 2008[other] other than than any any requirement requirement that that the the accounts accounts give give a a 'true ‘true and and fair view' fair view’ which which is is not not a a matter matter considered considered as as part part of of an an independent independent examination. examination.
I I have have no no concerns concems and and have have come come across across no no other other matters matters in in connection connection with with the the examination examination to to which which attention attention should should be be[dra] drawrpirrthis-report rt in in order order to to enable enable a a proper proper understanding understanding of of the the accounts accounts to to be be reached. reached.
Neil Neil Coupland Coup FCA CA DChA DChA ; RWB RWB[C] CA Limited imited
Northgate Northgate House House North North Gate Gate
New New Basford Basford
Nottingham Nottingham
NG7 NG7 7BQ 7BQ
16 16 October[October] 2024 2024
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The The Joshua Joshua George[George][and] and Sophie Sophie Mellers Mellers Charity Charity
Statement Statement of of Financial Financial Activities[Activities] for for the the Year Year Ended Ended 5[5][April] April 2024 2024
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|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Unrestricted|Restricted|Restricted|Endowment|Endowment|Total|Total|
|funds|funds|funds|funds|funds|funds|2024|2024|
|Note|Note|£|£|£|£|
|Income|Income|and|and|Endowments|Endowments|from:|from:|
|Investment|Investment|income|income|2|2|8,931|8,931|1,678|1,678|-|10,609|10,609|
|Other|Other|income|income|33,930|33,930|-|-|33,930|33,930|
|Total|Total|income|income|42,861|42,861|1,678|1,678|-|44,539|44,539|
|Expenditure|Expenditure|on:|on:|
|Charitable|Charitable activities|activities|4|4|(39,592)|(39,592)|-|-|(39,592)|(39,592)|
|Total|Total|expenditure|expenditure|(39,592)|(39,592)|-|-|(39,592)|(39,592)|
|Gains/losses|Gains/losses|on|on|investment|investment|assets|assets|(240)|(240)|777|777|(1,900)|(1,900)|(1,363)|(1,363)|
|Net|Net|[income/(expenditure)]|income/(expenditure)|3,029|3,029|2,455|2,455|(1,900)|(1,900)|3,584|3,584|
|Net|Net movement|movement|in|in|[funds]|funds|3,029|3,029|2,455|2,455|(1,900)|(1,900)|3,584|3,584|
|Reconciliation|Reconciliation|of|of funds|funds|
|Total|Total|funds|funds|brought|brought|forward|forward|104,875|104,875|33,103|33,103|1,094,270|1,232,248|1,232,248|
|Total|Total|ffnds|funds|carried|carried|forward|forward|15|15|107,904|107,904|35,558|35,558|1,092,370|1,092,370|1,235,832|1,235,832|
|Unrestricted|Unrestricted|Restricted|Restricted|Endowment|Endowment|Total|Total|
|funds|funds|funds|funds|funds|funds|2023|2023|
|Note|Note|<|£|£|£|
|Income|Income|and|and|Endowments|Endowments|from:|from:|
|Invesfrnent|Investment|income|income|2|2|7,090|7,090|1,459|1,459|-|8,549|8,549|
|Other|Other|income|income|33,483|33,483|-|-|33,483|33,483|
|Total|Total|income|income|40,573|40,573|1,459|1,459|-|42,032|42,032|
|Expenditure|Expenditure|on:|on:|
|Charitable|Charitable|activities|activities|(33,186)|(33,186)|-|-|(33,186)|(33,186)|
|Total|Total|expenditure|expenditure|(33,186)|(33,186)|-|-|(33,186)|(33,186)|
|Gains/losses|Gains/losses|on|on|investrnent|investment|assets|assets|(720)|(720)|(995)|(995)|154,305|154,305|152,590|152,590|
|Net|Net income|[income]|6,667|6,667|464|464|154,305|154,305|161,436|161,436|
|Net|Net|movement|movement|[in]|in|[funds]|funds|6,667|6,667|464|464|154,305|154,305|161,436|161,436|
|Reconciliation|Reconciliation|of|of funds|funds|
|Total|Total|funds|funds|brought|brought|forward|forward|98,208|98,208|32,639|32,639|939,965|939,965|1,070,812|1,070,812|
|Total|Total|funds|ffnds|carried|carried|forward|forward|15|15|104,875|104,875|33,103|33,103|1,094,270|1,232,248|1,232,248|
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All All of of the[the] Charity's Charity's activities activities[derive] derive[from] from[continuing] continuing operations[operations] during during[ the] the above[above] two two periods.[periods.] The The[funds] funds[breakdoym] breakdown[for] for[2023] 2023[is] is[shown] shown[in] in[ note] note[15.] 15.
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The The Joshua[Joshua] George[George] and[and] Sophie Sophie Mellers Mellers Charity Charity
(Registration (Registration number: number:[246905)] 246905) Balance Balance[Sheet] Sheet as as[at] at[5] 5[April] April 2024 2024
| 2024 2024 |
2023 2023 |
||
|---|---|---|---|
| Note Note |
£ | £ | |
| Fixed assets Fixed assets |
|||
| Tangibleassets Tangible assets |
10 10 |
1,000,000 | 1,000,000 |
| Investments Investments |
11 11 |
147,240 147,240 |
146,926 146,926 |
| 1,147,240 1,147,240 |
1,146,926 1,146,926 |
||
| Current assets Current assets |
|||
| Debtors Debtors |
12 12 |
147 147 |
- |
| Cash atbank and in hand Cash atbank and in hand |
13 13 |
89,146 89,146 |
90,311 90,311 |
| 89,293 89,293 |
90,311 90,311 |
||
| Creditors: Amounts falling due within one year Creditors: Amounts falling due within oneyear |
14 | (701) (701) |
(4,989) (4,989) |
| Net current assets Net current assets |
88,592 88,592 |
85,322 85,322 |
|
| Net assets Net assets |
1,235,832 1,235,832 |
1,232,248 1,232,248 |
|
| Funds ofthe Charity: Funds ofthe Charity: |
|||
| Endowment funds Endowment funds |
1,092,370 1,092,370 |
1,094,270 1,094,270 |
|
| Restricted income funds Restricted income funds |
|||
| Restrictedfunds Restricted funds |
35,558 35,558 |
33,103 33,103 |
|
| Unrestricted income funds Unrestricted income funds |
|||
| Unrestricted ftmds Unrestricted funds |
107,904 107,904 |
104,875 104,875 |
|
| Total funds Totalfunds |
15 15 |
1,235,832 1,235,832 |
1,232,248 1,232,248 |
The The financial financial statements[statements] on on pages pages[6] 6[to] to[16] 16 were were[approved] approved[by] by[the] the[trustees,] trustees,[and] and[authorised] authorised[for] for[issue] issue on on[16] 16[October] October 2024 2024[and] and[signed] signed on on[their] their behalf[behalf] by:[ by:]
/ j al ail Mrs MSJOlpin[J] Olpin Trustee Trustee
Page Page[7] 7
The The Joshua Joshua George[George] and[and] Sophie Sophie Mellers Mellers Charity Charity
Notes Notes[to] to the the Financial[Financial] Statements Statements for for the the Year Year Ended Ended 5[5][April] April 2024 2024
I 1 Accounting Accounting policies policies
Statement Statement of of compliance compliance The The financial financial[statements] statements[have] have[been] been prepared[prepared][in] in[accordance] accordance[with] with the[the][second] second edition[edition] of of the[the][Charities] Charities Statement[Statement] of[of] Recommended Recommended Practice Practice[issued] issued[in] in October October 2019, 2019, the the Financial[Financial] Reporting Reporting[Standard] Standard applicable[applicable] in in the the United United Kingdom Kingdom and and Republic Republic of of Ireland Ireland (FRS (FRS 102)[102)] and and the the Charities Charities Act Act 2011. 2011.
Basis Basis of[of] preparation preparation The The[Joshua] Joshua George[George] and[and][Sophie] Sophie[Mellers] Mellers Charity[Charity][meets] meets[the] the definition[definition][of] of a[a][public] public benefit[benefit] entity[entity][under] under[FRS] FRS 102. 102. The The accounts accounts (financial (financial statements)[statements)] have[have][been] been prepared[prepared] under[under] the[the] historical historical cost cost[convention] convention with with[items] items recognised recognised[at] at cost cost or or transaction[transaction] value value[unless] unless[otherwise] otherwise stated[stated][in] in[the] the relevant[relevant][ note(s)] note(s) to[to][these] these accounts.[accounts.]
Going Going concern concern The The[trustees] trustees[consider] consider[that] that[there] there are are no no[material] material uncertainties uncertainties about about the the Charity's Charity's ability ability to to continue continue as as a a going[going] concern. concern.
Income Income and and endowments endowments
Investment Investment income income Dividends Dividends are are recognised recognised once once the[the] dividend dividend[has] has[been] been[declared] declared and[and] notification notification[has] has been[been] received received[of] of[ the] the dividend dividend due. due.
Expenditure Expenditure
All All expenditure expenditure is is recognised recognised once once there there is is a a legal legal or or[constructive] constructive obligation[obligation] to to that that expenditure,[expenditure,] it it is is[probable] probable settlement settlement is is required required and and the the amount amount can can be be measured measured[reliably.] reliably. All All costs costs are are[allocated] allocated to to the the[applicable] applicable expenditure[expenditure] heading heading that that aggregate aggregate similar similar costs costs to to that that category. category. Where Where costs costs cannot cannot be be directly directly attributed to attributed to particular particular headings headings they they have have been been allocated allocated on on a a basis basis consistent consistent with with the the use use of of resources, resources, with with central central staff staff costs costs allocated allocated on on the the basis basis of of time time spent, spent, and and depreciation depreciation charges charges allocated allocated on on the the portion portion of of the the asset’s asset's use. use. Other Other support support costs costs are are allocated allocated based based on on the the spread spread of of staff staff costs.[costs.]
Charitable Charitable activities activities
Charitable Charitable expenditure expenditure comprises comprises those those costs costs incurred incurred by by the the Charity Charity in in the the delivery delivery of of its its[activities] activities and and services services for for
its its beneficiaries. beneficiaries. It It includes includes both both costs costs that that can can be be allocated allocated directly directly to to such such activities activities and and those those costs costs of of an an indirect indirect
nature nature necessary necessary to[to] support support them. them.
Governance Governance costs[costs]
These These[include] include the the costs costs[attributable] attributable to to the the[Charity's] Charity’s compliance compliance with with constitutional constitutional[and] and statutory statutory[requirements,] requirements, including including audit, audit, strategic strategic management management and and frustees trustees meetings meetings and and reimbursed reimbursed expenses. expenses.
Tangible Tangible fixed[fixed] assets assets Individual Individual[fixed] fixed assets assets costing[costing] £1.00 El.00 or or more more are are[initially] initially recorded[recorded][at] at[cost.] cost.
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The The Joshua Joshua George George[and] and Sophie Sophie Mellers Mellers Charity Charity Notes Notes to to the the[Financial] Financial Statements Statements for for the the Year Year Ended Ended 5[5] April[April] 2024 2024[(continued)] (continued)
Fixed Fixed asset asset investments investments Fixed Fixed asset asset investments,[investrnents,][other] other than[than] programme programme[related] related[investments,] investments, are are included included at[at] market[market] value value at[at] the[ the][balance] balance[sheet] sheet date. date. Realised Realised gains[gains] and and losses losses on on[investments] investments are are[calculated] calculated as as the the difference[difference] between[bewveen] sales[sales] proceeds[proceeds] and[and][their] their market market value value at[at] the the start start of of the the year, year, or or their their subsequent subsequent cost, cost, and and are are charged charged or or credited credited to to the the Statement Statement of of Financial Financial Activities Activities in in the the period period of of disposal. disposal.
Unrealised Unrealised[gains] gains[and] and[losses] losses[represent] represent[the] the[movement] movement in in market market values values during during the the year year and and are are credited or credited or charged charged to to the the Statement Statement of of Financial[Financial] Activities Activities based based on on the the market market value value at[at] the the year year end. end.
Trade Trade debtors debtors Trade Trade[debtors] debtors are are amounts amounts due due from from customers customers for for merchandise merchandise[sold] sold or or services services performed performed in in the the ordinary ordinary course course of of business. business.
Trade Trade debtors[debtors] are are recognised recognised initially initially at[at] the the[transaction] transaction price. price. They They are are subsequently subsequently measured measured[at] at amortised amortised cost cost
using using the the effective effective interest interest method, method, less less provision provision for for impairment. impairment. A A provision provision for for the the impairment impairment of of trade trade debtors debtors is is established established when when there there is is objective[objective] evidence evidence that that the the Charity[Charity] will will not not be be able able to to collect collect all all amounts amounts due due according according to to
the the original original terms terms of of the the receivables. receivables.
Cash Cash and and cash[cash] equivalents equivalents Cash Cash and and cash[cash][equivalents] equivalents comprise comprise cash[cash] on on hand hand and[and] call call deposits, deposits, and and other[other] short-term[short-term] highly highly liquid liquid investnents investments that that are are readily readily convertible[convertible] to to a a known known amount amount of of cash[cash] and and are are subject subject to to an an insignificant insignificant risk risk of of change change in[in] value. value.
Fund Fund structure structure Unrestricted Unrestricted income income funds funds are are general general funds funds that that are are available available for for use use at at the the frustees trustees discretion discretion in in furtherance furtherance of of the the objectives objectives of of the the Charity. Charity. Restricted Restricted income income funds funds are are those those donated donated for for use use in in a a particular particular area area or or for for specific specific purposes, purposes, the the use use of of which which is is restricted restricted to to that that area area or or purpose. purpose.
Financial Financial instruments instruments
Fair Fair value value measurement measurement
The The best[best] evidence[evidence] of[of] fair fair value value[is] is a[a][quoted] quoted[price] price for[for] an an identical identical asset asset[in] in an an active[active][market.] market. When When[quoted] quoted[prices] prices are are unavailable, unavailable,[the] the[price] price[of] of a a[recent] recent[transaction] transaction[ for] for an an identical identical asset asset provides[provides] evidence[evidence] of[of] fair fair value value[as] as[long] long[as] as there[there] has has not not been been a a significant significant change change[in] in economic economic circumstances circumstances or or a a significant significant lapse lapse of of time time since since the the tansaction transaction took took place. place. If If the the market market is is not not active active and and recent recent transactions transactions of of an an identical identical asset asset on on their their own ovvn are are not not a a good good estimate estimate of of fair fair value, value,[the] the fair fair value value[is] is estimated[estimated][by] by[using] using a a valuation[valuation][technique.] technique.
Page Page[9] 9
The The Joshua Joshua George[George] and[and] Sophie Sophie Mellers Mellers Charity Charity
Notes Notes[to] to the the[Financial] Financial Statements Statements for for the the Year Year Ended Ended 5[5] April[April] 2024 2024 (continued)[(continued)]
2 2 Investment Investment income income
| Unrestricted Unrestricted |
|||
|---|---|---|---|
| funds General funds General |
Restricted funds Restricted funds |
Total 2024 Total 2024 |
|
| £ | £ | £ | |
| Interest receivable andsimilar income; Interestreceivable and similar income; |
|||
| Interest receivable on bankdeposits Interest receivableonbankdeposits |
2,798 2,798 |
- | 2,798 2,798 |
| Other incomefrom fixed asset investments Other income from fixed asset investments |
6,133 6,133 |
1,678 1,678 |
7,811 7,811 |
| 8,931 8,931 |
1,678 1,678 |
10,609 10,609 |
|
| Unrestricted Unrestricted |
|||
| funds General funds General |
Restricted funds Restricted funds |
Total 2023 Total 2023 |
|
| £ | £ | £ | |
| Interest receivable and similar income; Interest receivable and similar income; |
|||
| Interest receivable onbank deposits Interest receivableonbankdeposits |
1,135 1,135 |
- | 1,135 1,135 |
| Other incomefrom fixed asset investments Other income from fixed asset investments |
5,955 5,955 |
1,459 1,459 |
7,414 7,414 |
| 7,090 7,090 |
1,459 1,459 |
8,549 8,549 |
3 3 Other Other income income
| Unrestricted Unrestricted |
||
|---|---|---|
| funds General funds General |
Total funds Total funds |
|
| £ | z | |
| Provision of almshouses Provision ofalmshouses |
33,930 33,930 |
33,930 33,930 |
| Total for 2024 Total for2024 |
33,930 33,930 |
33,930 33,930 |
| Total for 2023 Totalfor2023 |
33,483 33,483 |
33,483 33,483 |
Page Page IO 10
The The Joshua[Joshua] George George[and] and Sophie Sophie Mellers Mellers Charity Charity
Notes Notes[to] to the the[Financial] Financial Statements Statements for for the the Year Year Ended Ended 5[5] April[April] 2024 2024 (continued)[(continued)]
4 4 Expenditure Expenditure on charitable on charitable activities activities
| Unrestricted Unrestricted |
||
|---|---|---|
| funds funds |
Total Total |
|
| Designated Designated |
2024 2024 |
|
| & | £ | |
| Visitor's salary Visitor's salary |
(60) (60) |
(60) (60) |
| Rates Rates |
1,643 1,643 |
1,643 1,643 |
| Insurance Insurance |
1,451 1,451 |
1,451 1,451 |
| Property management fees Propertymanagement fees |
3,054 3,054 |
3,054 3,054 |
| Repairs and maintenance Repairsandmaintenance |
26,438 26,438 |
26,438 26,438 |
| Bank charges Bank charges |
72 72 |
72 72 |
| Sundry Sundry |
18 18 |
18 18 |
| 32,616 32,616 |
32,616 32,616 |
|
| Unrestricted Unrestricted |
||
| funds funds |
Total Total |
|
| General General |
2023 2023 |
|
| £ | £ | |
| Visitor's salary Visitor's salary |
600 600 |
600 600 |
| Rates Rates |
1,889 1,889 |
1,889 1,889 |
| Insurance Insurance |
1,120 1,120 |
1,120 1,120 |
| Property management fees Propertymanagement fees |
168 168 |
168 168 |
| Repairs and maintenance Repairs andmaintenance |
22,020 22,020 |
22,020 22,020 |
| Bank charges Bank charges |
77 77 |
77 TT |
| Sundry Sundry |
74 74 |
74 74 |
| 25,948 25,948 |
25,948 25,948 |
5 5 Analysis Analysis[of] of governance governance and and support support costs[costs]
Governance Governance[costs] costs
| Unrestricted Unrestricted |
||
|---|---|---|
| funds General funds General |
Total 2024 Total 2024 |
|
| £ | £ | |
| Independent examinerfees Independent examiner fees |
||
| Examination ofthe financial statements Examination ofthe financial statements |
702 702 |
702 702 |
| Clerks fees Clerks fees |
5,600 5,600 |
5,600 5,600 |
| Othergovernance costs Othergovernance costs |
674 674 |
674 674 |
| 6,976 6,976 |
6,976 6,976 |
Page Page[11] 11
The The Joshua Joshua George[George] and and Sophie Sophie Mellers Mellers Charity Charity
Notes Notes[to] to the the Financial Financial Statements Statements for for the the Year Year Ended Ended 5 5 April April 2024 2024[(continued)] (continued)
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|Total|Total|
|General|General|2023|2023|
|£|£|
|Independent|Independent|examiner|examiner|fees|fees|
|Examination|Examination|[of]|of|[ the]|the|financial|financial|[statements]|statements|666|666|666|666|
|Clerks|Clerks|fees|fees|6,226|6,226|6,226|6,226|
|Other|Other|governance|governance costs|costs|346|346|346|346|
|7,238|7,238|7,238|7,238|
----- End of picture text -----
6 6 Trustees Trustees remuneration remuneration and and expenses expenses No No trustees, trustees, nor nor any any persons persons[connected] connected with with[them,] them,[have] have[received] received any any[remuneration] remuneration[from] from the[the][Charity] Charity during during[the] the year. year. No No üustees trustees[have] have[received] received any any[reimbursed] reimbursed expenses expenses or or any any[other] other[ benefits] benefits from from the[the] charity during charity during[the] the year. year.
7 7 Staff Staff costs costs The The aggregate aggregate payroll payroll costs[costs] were were[as] as follows: follows:
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2024|2024|2023|2023|
|£|£|
|Staff|Staff costs|[costs][ during]|during|the|[the]|year|year were:|were:|
|Wages|Wages and|[and]|[salaries]|salaries|(60)|(60)|600|600|
----- End of picture text -----
The The[monthly] monthly average average number number[of] of persons persons (including (including[senior] senior management management[/] / leadership[leadership][team)] team) employed[employed] by[by][the] the Charity[Charity] during during[the] the year year[expressed] expressed as as full full[time] time[equivalents] equivalents was was as as follows: follows:
----- Start of picture text -----
|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2024|2024|2023|2023|
|No|No|No|No|
|Charitable|Charitable|activities|activities|1|1|1|1|
|No|No|[employee]|employee|[received]|received emoluments|[emoluments]|[of]|of|more|more|[than]|than|[E60,OOO]|£60,000|during|during|[the]|the year|year|
|8|8|Independent|Independent|examiner's|examiner's|remuneration|remuneration|
|2024|2024|2023|2023|
|£|£|
|Examination|Examination|[of]|of|[ the]|the|financial|financial|statements|statements|702|702|666|666|
|9|9|Taxation|Taxation|
|The|The Charity|[Charity]|is|[is]|a|a registered|[registered]|charity|charity|and|[and]|is|[is]|therefore|[therefore][ exempt]|exempt from|[from]|[taxation.]|taxation.|
----- End of picture text -----
Page Page[12] 12
The The Joshua Joshua George George and[and] Sophie Sophie Mellers Mellers Charity Charity
Notes Notes to to the Financial the Financial Statements Statements for for the the Year Year Ended Ended[5] 5 April April 2024 2024 (continued)[(continued)]
10 10 Tangible Tangible fixed fixed assets assets
| 10 Tangible fixed assets 10 Tangible fixed assets |
||
|---|---|---|
| Land and Land and |
||
| buildings buildings |
Total Total |
|
| £ | £ | |
| Cost Cost |
||
| At 6April 2023 At 6April 2023 |
1,000,000 | 1,000,000 |
| At 5 April2024 At 5 April 2024 |
1,000,000 | 1,000,000 |
| Depreciation Depreciation |
||
| At 5 April 2024 At 5 April 2024 |
a | |
| Net bookvalue Netbookvalue |
||
| At 5 April2024 At 5 April 2024 |
1,000,000 | 1,000,000 |
| At 5 April 2023 At5April2023 |
1,000,000 | 1,000,000 |
Revaluation Revaluation
The The[market] market[valuation] valuation[of] of The The Almshouses Almshouses[is] is estimated[estimated][by] by Tanners Tanners[Chartered] Chartered Surveyors[Surveyors] in in 2023.[2023.] The The Trustees[Trustees]
believe believe this this valuation valuation to to be be correctly correctly stated. stated.
The The Land Land and[and][Buildings] Buildings[have] have[been] been[held] held[for] for a a lengthy[lengthy][period] period of[oftime] time[and the] and the historical historical cost cost is[is][not] not known.[known.]
11 11 Fixed Fixed asset asset investments investments
2024 2024 2023 2023 £ £ Other Other investments investments 147,240 147,240 146,926 146,926
Page Page[13] 13
The The Joshua Joshua George[George] and[and] Sophie Sophie Mellers Mellers Charity Charity
Notes Notes[to] to the the Financial Financial Statements Statements for for the the Year Year Ended Ended 5[5] April April 2024 2024 (continued)[(continued)]
Other Other investments investments
| Other investments Other investments |
|||
|---|---|---|---|
| Almshouses Almshouses |
|||
| common investment fund shares common investment fund shares |
charifund income units M&G charifund income units |
Total Total |
|
| £ | £ | £ | |
| Cost or Valuation Cost orValuation |
|||
| At 6 April 2023 At 6April 2023 |
40,733 40,733 |
106,193 106,193 |
146,926 146,926 |
| Revaluation Revaluation |
777 777 |
(2,141) (2,141) |
(1,364) (1,364) |
| Additions Additions |
1,678 1,678 |
- | 1,678 1,678 |
| At 5 April2024 At 5 April 2024 |
43,188 43,188 |
104,052 104,052 |
147,240 147,240 |
| Net bookvalue Netbookvalue |
|||
| At 5 April2024 At 5April 2024 |
43,188 43,188 |
104,052 104,052 |
147,240 147,240 |
| At 5 April 2023 At 5 April 2023 |
40,733 40,733, |
106,193 __—«i106,1 |
146,926 146,926 |
| 12 Debtors 12 Debtors |
|||
| 2024 2024 |
|||
| £ | |||
| Other debtors Other debtors |
147 147 |
||
| 13 Cash and cash equivalents 13 Cash and cash equivalents |
|||
| 2024 2024 |
2023 2023 |
||
| £ | £ | ||
| Cash at bank Cash atbank |
89,146 intciesiaeeninl |
90,311 | |
| 14 Creditors: amounts falling duewithin one year 14 Creditors: amounts fallingdue within oneyear |
|||
| 2024 2024 |
2023 2023 |
||
| £ | £ | ||
| Other taxation andsocial security Othertaxation and social security |
- | 60 60 |
|
| Othercreditors Other creditors |
701 701 |
4,929 4,929 |
|
| 701 701 |
4,989 4,989 |
Page Page 14[14]
The The Joshua Joshua George George[and] and Sophie Sophie Mellers Mellers Charity Charity Notes Notes to[to] the the Financial[Financial] Statements Statements for for the the Year Year Ended Ended[5] 5 April[April] 2024 2024 (continued)[(continued)]
15 15 Funds Funds
----- Start of picture text -----
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Other|Other|
|Balance|Balance|at|at 6|6|Incoming|Incoming|Resources|Resources|recognised|recognised|Balance|Balance|at|at|5|5|
|April|April 2023|[2023]|resources|resources|expended|expended|_|gains/(losses)|gains/(losses)|April|April 2024|2024|
|£|£|£|£|£|
|Unrestricted|Unrestricted|
|General|General|104,875|104,875|42,861|42,861|(39,592)|(39,592)|(240)|(240)|107,904|107,904|
|Restricted|Restricted|33,103|33,103|1,678|1,678|-|777|TT|35,558|35,558|
|Endowment|Endowment|
|Permanent|Permanent|1,094,270|1,094,270|-|-|(1,900)|(1,900)|1,092,370|1,092,370|
|Total|Total|[funds]|funds|1,232,248|1,232,248|44,539|44,539|(39,592)|(39,592)|(1,363)|1,235,832|1,235,832|
|Other|Other|
|Balance|Balance at|at|6|[6]|Incoming|Incoming|Resources|Resources|recognised|recognised|Balance|Balance at|[at]|5|[ 5]|
|April|April 2022|[2022]|resources|resources|expended|expended|gains/(losses)|gains/(losses)|April|April|2023|2023|
|£|£|£|£|£|
|Unrestricted|Unrestricted|funds|funds|
|General|General|98,208|98,208|40,573|40,573|(33,186)|(33,186)|(720)|(720)|104,875|104,875|
|Restricted|Restricted|funds|funds|32,639|32,639|1,459|1,459|-|(995)|(995)|33,103|33,103|
|Endowment|Endowment|funds|funds|
|Permanent|Permanent|939,965|939,965|-|-|154,305|154,305|1,094,270|1,094,270|
|Total|Total funds|funds|1,070,812|42,032|42,032|(33,186)|(33,186)|152,590|152,590|1,232,248|1,232,248|
----- End of picture text -----
The The specific specific purposes purposes[for] for which[which][ the] the[funds] funds are are[to] to be[be] applied[applied] are are as as follows: follows:
The The[Unrestricted] Unrestricted[funds] funds - -[General,] General, represents represents the the free free funds funds of of the[the][Charity] Charity which which are are not not designated designated for for a a particular particular purpose. purpose.
The The[Restricted] Restricted[fund,] fund,[is] is a a restricted[restricted] fund fund under under the the terms terms of of the the Charity Charity Commission Commission scheme, scheme, for for the the repair, repair, improvement improvement or or rebuilding[rebuilding] of of the the almshouses. almshouses.
The The[Permanent] Permanent Endowment[Endovyment][fund] fund[is] is a a general[general][fund.] fund.
Page Page[15] 15
The The Joshua Joshua George[George] and[and] Sophie Sophie Mellers Mellers Charity Charity
Notes Notes[to] to the the Financial Financial Statements Statements for for the the Year Year Ended Ended 5[5] April[April] 2024 2024[(continued)] (continued)
16 16 Analysis Analysis of of net net assets assets between between funds funds
| Unrestricted Unrestricted |
Endowment Endowment |
Total funds at Totalfunds at |
||
|---|---|---|---|---|
| funds Designated funds Designated |
Restricted funds Restricted funds |
funds Permanent funds Permanent |
5April 2024 5April 2024 |
|
| £ | £ | J | £ | |
| Tangible fixed assets Tangible fixed assets |
- | - | 1,000,000 1,000,000 |
1,000,000 1,000,000 |
| Fixed asset investments Fixed asset investments |
19,312 19,312 |
35,558 35,558 |
92,370 92,370 |
147240 147,240 |
| Currentassets Current assets |
89,293 89,293 |
- | - | 89,293 89,293 |
| Currentliabilities Current liabilities |
(701) (701) |
- | - | (701) (701) |
| Total net assets Total net assets |
107,904 107,904 |
35,558 35,558 |
1,092,370 1,092,370 |
1,235,832 1,235,832 |
| Unrestricted Unrestricted |
Endowment Endowment |
Total funds at Total funds at |
||
| funds Designated funds Designated |
Restricted funds Restricted funds |
funds Expendable funds Expendable |
5April 2023 5April 2023 |
|
| £ | £ | £ | £ | |
| Tangible fixed assets Tangible fixed assets |
- | - | 1,000,000 | 1,000,000 1,000,000 |
| Fixed asset investments Fixed asset investments |
19,554 19,554 |
33,103 33,103 |
94,269 94,269 |
146,926 146,926 |
| Currentassets Current assets |
90,311 90,311 |
- | - | 90,311 90,311 |
| Currentliabilities Current liabilities |
(4,989) (4,989) |
- | - | (4,989) (4,989) |
| Total net assets Totalnetassets |
104,876 104,876 |
33,103 33,103 |
1,094,269 1,094,269 |
1,232,248 1,232,248 |
17 17 Related Related party party transactions transactions
There There were were no no related related party party transactions transactions in in the the year. year.
Page Page 16 16