CHARrrY REGIsfRATION NUMBER: 251725 The Evan Jenkins Charity Financial Statements For the year ended 31 March 2024
The Evan Jenkins Charity Flnancial Statements Year ended 31 March 2024 Page Trustee5' annual report Independent auditors rep to the membe ststement of finanoal activities io Ststement of financial )sOn li Notes to the financial statements 12
The Evan Jenkins Charity Trustees. Annual Report Year ended 31 March 2024 The trustees pr*nt their reFQrt and the finanoal statements of the tharity for the year eThJed 31 March 2024. Refwence and admlnlstratlve detalls Registered charfty name The Evan Jenkins Chaiity Ch•rlty registrntion numbor 251725 Prlndpal offl 2 Ash Park Y5tradowen Cowbrfdge S)uth Glamorgan CF717SR The tNstees J R Harrbs (DaSed) M Arnold S Squire S Sarjeant Smcox Revd V Ashky (Vltr Chair) J N Evans P Davies {Chair) GweneiTr Baty S Howells P Evans (Restgned l June 2023) {Re&gned 20 April 2023) (Resgned 20 rnI2023) {App)Inted l May 2023) (SeNed from l May 2023 to 28 Aprtl 2024) (Appointed 3 Ortober 2023) (Appointed l February 2024) {AppointsJ 28 Apri5 2024) Gcox Revd D Ballanl Geraint Bty D Wortman D Workman was appointed a5 a trustee on 28 April 2024. G Cox resigned as a trustee on 28 Aprfl 2024. Audltor Xeinadin Audit Limited {Ststutory Audltor) 2 Oldfield Road 8ocam Park Bridgend CF35 SU Bankers HSBC Bank PIC 61 Hlgh Street Cowbridge South Glamorgan CF7 7YJ
The Evan Jenkins Charity Trustees. Annual Report Ccmtth) Year ended 31 March 2024 StThLturei governance and management The Evan jenknns Charlty was consolidated in 1985 from the folk*wing three f(¥mer charities.. L) The Charity of Evan Jenkn'ns was registered on l Marth 1967,. 2) The E(deas'(al Charity of Evan jen$,. and 3) The Parochial Charty of Evan Jenkins The Evan Jenknns Charity is a registered charity governed by Its deed which was sealed on 28 January L985, as amended by sealed 11 November 1996. The tsu#ees WIK) have seNed during the year and SIn the year end are detalled above. Twstee Appointment Three lJustees are nominated by Cowbrid9e with Uanblethian Town CoLbnal and three are nominated for Penllyn Community Counol to Serve for a peri¢xl of four yea. At the end of the four years, these counals either re-nominate the existing tnjstee or make a new appointment. The sub-wardens of St John the Baptist Churth. Uanbthian and the sub-wardens of St Owaln thurth, Ystradowen are ex-offi(io tnjstees and appointed a5 sub-wardens at the Annual Vesty of the ReLtorial Benef of cowld9e. Appointed by the Churth in Wales are the Rertor of the Rectorial Benefi of Cowbridge and the Vicar responsible for the area fixTning the major part of the fomier ecdeslastical ot Ystradowen. They are both ex-offiao trustee5.
The Evan Jenkin5 Charity Trustees, Annual Report (condnu¢dJ Year ended 31 March 2024 Objertlves and artiVi•S The income of the setdement is to be applled as follow5: l) Expenses of Management The Twstees shall first defray the Income of the Charlty for the cost of repalrs a1 insurance a1 all other charge5 and outyoings payable in respect of the pri)perty of the Charity and all the proper $ts, tharges and expen5e5 of. and inddental to the adminTr5tration and management of the Charity. 2) Application of Inccvne Subiett to payment of the expense5 aforesaid the Trustees shall apply the income of the tharfty in the fit* place so fèr a5 requisite in maintslnlrvJ and repairing the tenor bell In the tower of the Parish Church of St. Bleddian, Llanblethian. If and In so far as the income rrf the Charty (annot be applied as aforesaid the tnsstees shall apply the Same as follows: {a) As to one sixth thereof for a[fvanMent In Ilfe in the Ancient Paiish of Lknblethlan In &rdance with the provtslons relating thweto; (bl As to a fijrthef one sixth theof for advanrrt in life irb the Anoent Parish of Ystradowen in aC£Ordan with the like prowsions,. (cl k trj a further one sixth therwf for Tefief In need In the Ancient Parsh of Llanblethlan In accordan with the PmViSK)ns relating thereto; (d) As to a fijrther one slxth thereof for rellef In ne&J In the Andent Parish of Y5tradowen In accordan with the Ilke provisions; (e) As to a further one sixth thereof in repalrfng the said Parish Churd) of St. Bleddian; and (fj As to the remain5ng one Sixth thereof In repalrfng the Parish Churth of St. Owaln, Ystr&Jowen. that rf and in so far as any aforementioned share cannot be expend&J in the manner provlded the Tnjstees may apply the same in augmenting one or more of the other shares. Reserves It is the pollcy of the chadty to malntsln unrestrfrted fvnds, whlch a the free reserves of the Charity, at level which equates to approximatefy months unrestrlrted expenditure. This provides sufficient fuThJs to cover governan and support costs and to respond to emergency application5 for grants whlth arlse from time to ttme. Unrestricted funds were malntsined at this level throughout the year.
The Evan Jenkins Charity Trustees. Annual Report (AA) Year ended 31 March 2024 Achievements and performanco During 2023124 the Trustees allocated the following sums for the objects of the tharity.. al An allocation of £18.749 was made to the Rettorial Benefice of Cowbrldge. b) £3,000 was expended under Clause 23(d) for Relbef In Need In Ystradowen. Thls yjm was paid In grants to 3 perScS considered to be in need of asSistsn,. c) £1,000 was expended under Clau* 23(c) for Relief in Need in Llanblethian. This sum was paid in grants to I perg)n con&dered to be in need of assIStan,. d) £9,1 was expended under Clause 23(bl for vanment in Lrfe in Ystradowen. 18 young persons were paid grar5ts to assist them in advanang In Ilfe. e) £31.700 was exFended under Clause 23{a) for AdVaement in tife in Llanblethian. 60 young per50Tr5 were paid grants to assist them in advandng in life. Flnanaal revlew During the 2023124 financial year, the charity rec¢xded net expendittjre of £9,803 {2023'. net income of £16,448). Durlng the year the charfty recognlsed realised galns totslling £14,667 (2023: £54,408) from the dlsp(tsal of investsnents. During the year the charity recognised unrealised losEs tr)talling £145,275 (2023.. £271.438) relating tr) the revaluation of Investments. The charity has unrestr.cted funds of £2.782,011 and a cash balan of £28,895 at the year eThJ. The overall financial gtuation for 2023124 was considered to be satisfW. During the year, the management of the investh)ent portfolios We Urertaken ty two wealth management firms, Brewn Dolphin rnited and Charles Stanley & Co. Limited. In plannirMJ and t3ryng out the charity's objective5 during the year, we kept In mlnd the tharity Commisgon 9L11dan on public benefft at our tnts meeting& Plan$ for future period$ Primarily via Investments, the trustees intend to continue malntsining a level of income suitsble for carrying OLrt the objectives and activities of the tharity. Tntstees. responslbllltles statement The trustees are responsible for preparing the trustees, report and the financial statements in accordan with applicable law and Unoted Kingdom Accounting Stsndards (United Kingdom Generalty Accepted Acujunting Practi}. The law applicabFe to charities in England and Wales requires the charity trustees to prepare financial statements for each year whld) give a true and fair view of the state of aftsifs of the charity and of the incoming resources and application of resour, of the charity for that n(l.
The Evan Jenkins Charity Trnstee5' Annual Report (Mneinued) Year ended 31 March 2024 In preparing these finanaal #atements, the trustees are required to: select 9Jitable accounting Foliaes aThJ then apply them conslstentty. observe the methcxjs and prinaples in the applicable (Tharities SORP; make judgments and acrountlng estimates that are reawable and pwdent; prepare the financial ststements on the golng concem basis unless it is inappropriate to presume that the drity will continue in business. The trustees are re5PK)nsible for keeping ayequate accoUnng records that a 9jff1cnt to show and explain the tharivs transacbons and dlsclose with rea9Jnable acoJw at any time the financial $tron of the charty an(J er¢able them to ensure that the financral ststements comply with the Cthariti&s Art 2011, the applicabk Charibes (Accounts arml Reports) Regulations. and the provisions of the Tnjst Deed. They are also spOnbIe for safeguarding the assets of the charity and hence for tsknng rea)nable steps for the preventlon detection of frdud and other legUlatS. The tnjstees, annual rep)rt was approv&J on 31 JanL*ry 2025 and slgn8J on beha of the board of Mrm the TTU5tees
The Evan Jenkins Charity Independent Audito$ Report to the Members of The Evan Jenkins Chai7ty Year ended 31 March 2024 Opinion We have audlted the financlal statements of The Evan Jenkins Charlty (the 'charitV) for the year ended 31 March 2024 which comprise the statement of financial activities, siatement of finanoal posidon and the related notes, including a summary of signfficant accounting poliaes. The financial reporting framework that has been applied in theii pParatIon is applicab law and United kn"ngdom kcounting Stsndards, intluding FRS 102 The Finanaal Reporting Standard applioble in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting practi). In our opinion the financial statements.. gfve a true and fair view of the stste of the (harity's affairs a5 at 31 March 2024 and of its Incomij resources and application of resources, including its income and expendthre, for the year then ended,. have been prwrfy prepared in accordan with United Kingdom Gerra1ty Accept8J Accounting PrèrtKe; have been prepad In accordan wlth the requlrements of the Ctharities Act 2011. Basls for oplnlon We condutted our audit in accordan with International Standards on Audng (UK) (ISAS (UK)) and applicable law. Our resrx)nsibilib"es under those standards aTe further descTibed in the aLKlrtor's responsibl1eS for the audit of the financial statements settK>n of our report. We are independent of the har¢ty in accordance wlth the ethiol requ1Ments that are relevant to our audit of the finandal statements in the UK, induding the FRCS Ethlcal Stsndard, and we have fulfilled our other ethical responsibilities In ac0}rdan with these requirements. We believe that the audit evideno we have obtsined 15 sufficient and appropriats to prOe a basis for our opinhm. ConcluAons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going ¢M ba&'s of accounting Sn the prepath.on of the finanoal statements is appropriate. Based on the Wofk we have performed, we have not Identif any material untrIntfjes rdatsng to events or conditions that, individually or tollecknvely, may Cast sgnificant doubt on the charty's ability to continue as a going concwn for a perth of at least I1Ve months from when the finan(ial statements a authorised for issue. Our rew&nsbilities and the re5ponslbilltie5 of the tnJstee5 respett to going conrn are desrrribed in the relevant seLtions of this [.
The Evan Jenkins Charity Independent Auditorfs Report to the Members of The Evan Jenkins Charity Year ended 31 March 2024 other information The other infomiation comprises the infomiabon induded in the annual report other than the ffnanaal ststements aThJ our audknrfs )rt thereon. The trustees are responsible for the other inforn)ation. Our opinbn on the financial statements does not ujver the other infomiation and, expt to the extent Othe1 expliciuy slated in our report, we do not wre55 any form of Uran conclusion thereon. In conn&ti£ With our audit of Ihe finandal siatements, OLtrr responsibility is to read the other InfOrMaOn and, in doing so, COnder whether the other information is Fnaterially inconsistent with the flnancial State[rnts or our kTr0wdge obtalned In the audit or otherwise appears to be materlally misstatsd. If we identify such material inconsi#enoes or apparent material misstatements, we are required to determine whether there is a material misststement In the financial Statements or a rnaterial misststement of the other Infomiation. If, based on the work we have perfomed, we conclLJe that the Is a material mlsstatement of this other information, we are required to rek)rt that fact. We have rthIng to report In thls regard. Mattths on whlch we are required to report by exceptlon In the Ilght of the knowl&Yge and understsnding of the tharty and its enwronment obtsined in the course of the audiL we have not Idenofied material misstatements in the trustees. repo We have nothlng to repK)rt in respect of the followir4J matters in relation to whld) the (harltles Act 2011 requires us to repcxt to you if, in our opinlon: the information given in the tru5tee5' report Is Inconslstent Sn any material respect wth the financial statements: or adequate cOuntIng rordS have Th)t been kept: or the finanaal 5tstements are not in agreement wlth the accountlng records and retums; or we have not reived all the infomiation and ewanations we require for our audit. Responslbllltles of trustees As explained rnre fully in the tnJstee5' responsibilities statement, the trustees are responsie for the preparation of the finanaal ststements and for belng satisfied that they gwe a true and fair Mew, and for 5uth intemal control as the trustees determine 15 neSary to enable the preparation of finanaal siatements that are free from matertal mlsstatemenL whether due to fraud ( error. In preparfng the finanaal Statements, the twstees are responsible for assessing the chartys abilty to contlnue as a golng C£M, disdosingtr as applicable, matters latsd to going concern and usiThJ the going onrn basls of accourting unless the trustees either Intend to Ilqubdate the tharTty or to ase operations, or have no reallstlc aernatIve but to do so.
The Evan Jenkins Charity Independent Auditorfs Report to the Members of The Evan Jenkins Charity Year ended 31 March 2024 Audito$ responbIlItIeS for the audlt of the flnancial statements Our objetttves are to obtrin reasonable assuran atry)ut whether the flnanaal statements as a Wle are free from material misstatemenL whether due to fraud or error, and to issue an auditt¥rfs rerth that indudes our opinlon. Reasonable assuran Ss a hlgh levd of assurance. but is not a guaiantee that an audit condurted in accordan with IS4s (UK) will always detect a material mi5Statement when it exists. M15Statements can are from fraud or ermr and are consi¢Jered material if. individualty or in the aggregate, they could reaSonaY be excted to influence the economic decisions of users tsken on the basis of these financial statements. lttegularities, Including fraud, are insfAnces of non-complian with laws and regulaty"ons. We design prOdre5 line with our responsibilities, outlined above, to detect matsfial misstAtements in respert of irregularities, induding fraud. The extent to which our pii)cedures are capable of detecfjng irregukrities. Iru1ng fraud is detsiled below.. The Charity Is subject to laws and regulations that direcuy affect the finanoal siatements includlng finanoial re[X)rng legislation. We determined that the most Si9nificant laws and uLtionS were Charities Act 2011 and thorities SORP. We assessed the extent of compliance with these laws and regulations as part of our prOre$ ort the relatsd financrdl statement Items. We urxierstood how the Charity is compIng with those legal and regulatory frameworks by, rnaking iTh]uiries to management and those resm)nsible for legal and Complian procedures. The eThJagement partner assessed whether the engagement team Coll0velY h&J the appropriate Competen and capabilitles to Sdentify or recognise non-compliance with laws and regulatrons. The assessment did not identify any issues in thls area. We assessed the susceptibility of the (harity financial statements to material misstatemenL Induding how fraud might occur. Audit pr(edU perfi)m)ed by the engagement team included: - [denting and a55esgng the deggn effectiverEss of controLs management has in pla to prevent and detert fraud,. - Understanding how those charged man&3ement conshjered and addressed the kthnual for override of controls or other inappropriate Influen over the flnanaal reportAThJ process,. - ChallervJiF¥J a55umptlons and judgments m&le by management in its significant ac£ounting estimate5,' and - We assessed the risk of material misstatement of the finanual statements, Indudlng the risk of material mlsststement due to fraud and how 6t might CUr, by holding discussions with management. Bause of the inherent limitats'ons of an audit, there is a risk that we will not detett all irregularities, including those leading to a material misstatement in the finanaal statements or non-compliance with regulation. This risk in(Teases the more that compliance a law or regulation is fernoved from the events and transartH)ns refiected in the financial statements, as we will be less like to become awa of instsnces of non-complian. The ri£k is also greater regardlng irregularities ocojrring due to Iral rather than error, a5 fraud invofves intentional ConalMen( forgery, collusion, omisslon or misrepresentstlon.
The Evan Jenkins Charity Independent Auditor's Report to the Members of The Evan Jenkins Charity Year ended 31 March 2024 As part of an audit In accordan with IYS (UK), we exerose prnfeonal judgment and maintsin professional scepticism throughout the audit. We also.. Identify and assess the risks of material mlsstatement of the financial statements. whethw due trs fraud or error, deslgn and perfom audit prOdre5 responsive to those risks, ar%1 obtsin audit eden that ts wffldent and approprlate to provide a basis for our opiniors. The risk of not dete(tlThJ matsrial misstatement reSU]ng from fraud is higher than for one resulting from error, a5 fraud may involve collusion, forgeryi intentional omi55ion5, misfepresentstion5, or the override of intemal control. Obtaln an understsndlng of intemal control relevant to the audit in order to design audit pKtedures that are appropriate in the Orcumstan. but r¥)t for the purpose of expresslng an opinion on the effectiveness of the intemal control. Evaluate appropriateness of COUntIng poliaes used aThJ the reasonableness of accounting estimates and related dlsd0suS m&Je by the trustees. Conclude on the appropriateness of the tnJ#eeg use of the going cOnM basis of accounting and, based on the audit eviden obtsined, whether a matsrial nrtairIty exists related to events or o)nditior6 that may cast Significant doubt on the charity'5 ability tr) continue as a going conrn. If we o)ndude that a material unTrrtainty exists, we are required to draw attention in our auditorfs repNt to the relatd disclosures in the financ1 statements or, if such disdosures are inadequate, to modify our opbnlon. Our UTrnclus6ons are based on the audlt eviden obtsirEd up to the date of our auditofs reF<)rt. However, fiJture events c cOndIonS may cause the charity to ase to ConnUe a5 a golng cOnr. Evaluate the overnll presentation, structure and content of the finanaal statements, including the dlsclosures, and whether the finandal stateMts replnt the undertying transactions and events in a manner that athleves faly presentatlon. We o)mmunicate with those charyed wf(h governan regarding. amorvJ other matter5, the planned scope aNI timing of tr audfc and 5ignficant audtt findings, indudlng any significant deficiencfes in intemal control that we idenufy during our audit. Use of our report This report is maje Sole to the thadvs rnembers, as a to(fy, In COrdan with secuon 144 of the Charitie5 Art 2011 and regulations made under section 154 of that Art. Our audit Work has been undertaken so that we might state to the charivs members those matters we are required to stste to them in an auditor's port and for no other purpose. To the fijllest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the chartys members as a boty. for our audit work, for this report or for the opinions we have fixTned. x1,. L.w.¥ L'.IoGi Xein&Jin Audit Mited (ststutory Auditor) 2 Oldfield Ro&J BLKam Park 8ridgend CF35 SL) 31 January 2025
The Evan Jenkins Charity statement of Flnancial Actlvities Year ended 31 March 2024 2024 Unrestricted fijnds Total funds Total fvnds 2023 Income and endowments Investment Sncorne Other income 80,933 90 80,933 83,511 605 T(rtal income 81,023 81,023 84.116 Expenditure Expenditure on charitable ¥bwb"es Total expendlture 105,493 105,493 105A93 122,076 122,076 105,493 Galnsl{losses) on disposal of Investments 14,667 14,667 54,408 r4et (expendlture)Ilncome (9,803) (9,803) 16.+18 Other recognlsed galns and losses Gains from revaluats'on of fixed assets Revaluation of investments 65,000 (271,438} (169,9901 145,275 135,472 145,275 135,472 Net movement in funds Recondliation of fvnds Totsl funds brought fOard Total fvnds orrled fijrward 2,646,539 l646,539 2.782,011 2,782,011 2,836,529 2,646,539 The ststement of finanoal aLtivittes indude5 all gains and losses reco3nised in the year. AJI income endIti)re derive from (Dntinuing activiues. The notes on pages 12 to 18 form part of these flnandal ststements. -io-
The Evan Jenkins Charity ststement of Financial Position 31 March 2024 2024 2023 Flxed assets Tangible fixed assets 12 135,000 135,orM) Current assets Etbtors Investments Cash at bank and in hand 13 29,621 14 1588,495 28,895 1647,011 88,28L 2,390,137 33,121 2,511.539 2.511,539 Net current assets 1647,011 Total assets le55 current liabilities l781011 2.646,539 Funds of the tharlty Unresthcted ftjtxls.. Revaluation reserve Other unrestricted inconE funds 135,000 1647,011 1781011 135.000 2,511,539 2.646,539 2,646,539 Total unrestricted funds Totsl chJrlty funds 15 1781011 These financial stateftnts were approved by the board of trustees and authctsed for Issue on 31 January 2025, and are sHJned on behalf of the board by: P Dames (Chalr) Trustee The notas on pages 12 to 18 forni part of these Ilnandal statement
The Evan Jenkins Charity Notes to the Flnancial Statements Year ended 31 March 2024 Genernl InformJtloTh The charty is a public beneflt entity and a regISted charity in EThJland and Wales and 15 unincorporated. The address of the principal office is 2 Ash ParK Ystradowen, Cowbridge, South Glamorgan, CF717SR. z ststemeTht of compliance These financial statements have been prepared in compliance wth FRS 102. The FinancN?l Rerting Standard applicable in the UK and the Republic of IrelarMI', the Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard appllcable in the VK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Charities Act 2011. Accountlng polides Basis ol pmparatlon The financlal ststements have been prepared on the historical cost basts, as mlIfied by the revaluation of certain financial assets and liabilits.es rneasured at fair value through income or expenditure. The finantial Statnts are prepared in sterling, whth is the fUnCtal currency of the ents"ty. Going concern The trustees have assessèl whether there are any material unrtaIntieS ihat may cast significant doubt atrx)ut the tharity's ability to continue to adopt the going concem basls of accounb"n9 for a period of at least tee nKJnths from the date when the financia5 statements are authorised for issue. In assessing whether the golng cOnrn assvmption is approprfate, the trustee5 have tsken In to account all available information about the fuiure, and condude that the charity has adequate rewurces to tr) conb.nue in operab.onal eSten for the foreseeable future. The charity thereftye continues to adopt the going concem basi5 in preparing its finanaal ststsments. Fund accountlng The tharws funds are split into general funds and restricted funds. Unrestrided funds are availabk for use at the dixretion of the trustee5 to lurther any of the chadty's purposes. Restricted funds are funds that can only be us&1 for particular reslricted PUYFX)ses the objett of the tharity. Restrictions arise when specified by the donor or when funds are raised for partiojlar restricted purposes. 12-
The Evan Jenkins Charity Notes to the Flnancial Statements (Lwtw) Year ended 31 March 2024 Accountlng pollcies (Conth} Incomlng resources JI income is irKluded in the statement of financial actiwties when entiyeMt has passed to the charity. ft is probable that the economic nerrtS associated wth the transath.on will flow to the tharity and the anY)unt can be rellabty measured. The following 5Feafic pj1e5 are appl to particular categorie5 of irKome: DNhlend income is recogni5ed on the date the chanty's right to re payment is esfAblished. Interest income is irlUded when re1vable and the amount can be reliabty measured: this is rh)Mlty upon notffication of interest pakl or payable by the bank and stodthrok¥s. Rental irmme from tsnd kased out under operaung leases is recoJnised on a stralght-line basis over the term of the aSe. abilibes are recognised a5 resources expended a5 5rx)n as there is a al or construcbve obligation cnmmitbng the charity to the eXndure. All expendlture is accounted for on an accruals bags has en ckssffled under headings that aggregate all o)sts related to the category. Grants payab are payThents made to third party individua15 in the frJrtheran of the chariiable objects of the Charity. Single-year grants are recognised when the criteria for a con5trucbve ¢)bligation are me¢ paymert is probabty, can measured reliabty and there are no COnd.0nS attaching to its payment that limit its recognibon. Tangible assets Tangible assets are initially recorded at crt and 5ubsequentty stated at cost kn any 0jMU1atl depreciation and impairment 105se5. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent Cumlated depreaation aThJ subsequent acasmulated irnpaimient bsse5. An increase in the carrying amount of an asset a resu of a revaluaiion, is rttTrJnised in other recojnised gains an¢J losses, unless it reverses a d)arye for impairnent that has prevM)usly been reccgnised as expenditure wlthin the statement of financial activiti'es. A decrease in the oryng amnt of an asset as a result of ValuatIon, is recognised in other recognised gairbs and Sjsses, expt to which it offsets any Previous revaluation gain, in whlch case the 1055 Is S)wn within other recognised gains and losse5 on the ststement of finandal actiwties. Investments Investments are induded at Maet value kss amounts wrltten off. Proffts or losses arlsing from disposats of current asset investments are treated as part of the resu from ordinary actmties. -13-
The Evan Jenkins Charity Notes to the Financial Statements fc•nthwdJ Year ended 31 March 2024 Accounting pollcles llvntknJ Flnanclal Irbstruments A financial asset or a finanoal liability is reccJnised On when the entity becomes a party to the contractual provisions of the instrumenL Basic financial instwments are Initialfy recognised at the amount rVable or payable including any rekited transaction Costs, unkss the arrangement constitute5 a finanang transaction, Whe it is recognised at the present value of the future payments dIUnted at a market rate of intere# for a similar debt instrument. Current assets and current liabilities are Subseq measured at the cash or other consideration expeded to te paid or received and not discounted. Where invethents in shares or weference shares are publidy traded or thr fair value oan othen¥ise be measured reliablyi the investment is subsequendy measured at fabr value with changes in fair value recognised in income and expenditure. All other such investments are subsequentty wsured at cost less impalrment. For all equity instrurnents regardle55 of gnIfiCan, and other finandal assets that are indiwdualty significanL these are assessed individualty for impaimient. Other financial assets are elts)er assessed individually or grouped on the basis of similar cr&Jit risk thararteriSt$. Investsnent income Unre5trirted Total Funds Unre5trirted Totsl Funds AJtk1s 2024 Funds 2023 Income from lid investrnents Bank interest reiVed Interest from stockbrokers L3pital counts 79.554 549 79,554 549 83,073 239 83,073 239 830 830 199 199 80,933 80.933 83.511 83,511 Other Income nStricted Totsl Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Rentsl income Other income 605 605 85 85 605 605 -14-
The Evan Jenkins Charity Notes to the Financlal Statements Year ended 31 March 2024 Expendlture on charltable artlvltles by fund ty Unrestritted Total Funds Unrestrith Total Funds Funds 2024 Funds 2023 Relief In Need Advanment in tife Rettorial Benefi of Cowbr(dge Support costs 4,500 40,8(X) 18,749 41,444 105,493 4,500 40,800 18,749 41,444 5,5CQ 37,850 41,471 37.255 5,500 37,850 41,471 37,255 105,493 122,076 122,076 ExpeTrdre on charftsble aLtlvltles by acU¥lty type ACtleS undertaken direcdy SupFQrt costs Total funds 2024 Totsl fijntl 2023 Relief in Need Advancement in Life Rectorial Benefi of Cowbridge Support costs 4,500 40,800 18,749 5,500 37,850 41,471 37,255 122,076 18,749 41,444 105,493 41,444 41,444 64,049 The Re14ef in Need and AthanMent in Le grnnts have all been awarded to indiwdua15 in L*Jth the ajrrent and prevlous year& Anatysis of Support costs Support costs Trtal 2024 Totsl 2023 ae,5 fees and expenses Audit fees Stockbroker fe&% Legal and professional f InwrarKe Sundry exFen B,578 5,736 19,356 6,628 261 885 8,578 5,736 19,356 6,628 261 8,633 3,540 20,189 4,110 273 510 41,444 41,444 37,255 Audltor's Un¥tIon 2024 2023 Fe85 payable for the audit of the financial statements Fee5 payable for payroll seNKes 4,800 936 5,736 3,540 15-
The Evan Jenkins Charity Notes to the Flnancial Statements ((*rth) Year ended 31 March 2024 G•ln51(losses) on dlsposal of irwestments Unrestsicted Totsl Funds Unrestritted Total Funds Funds 2024 Funds 2023 Gainsl(losses) on disposal of investments 14,667 14,667 54,408 54,408 10. Staff $ts The average head count of employees during the year was 112023.. 1). No employees have recaved remuneraty.on of more than £60,000 In the year {2023: None). 11. Thistee remuneration and expenses No trustee has re1ve remunernkn.on in the year {2023'. £nil). No trustees had travel wenses reimbursed during the year (2023.. £nil). 12. Tanglble bryxed assets Land and buildin9$ Cost At l Aprll 2023 and 31 March 2024 Deprn¢iation At l Aprll 2023 and 31 March 2024 Carrylng amount At 31 March 2024 135,000 135.IXKI 135,000 At 31 March 2023 T•n9ible fixed assets held Jt valuatlon The land wa5 valued at a mathet value of £70,000 on 31 March 2023 by Watts & Morgan, Chatyed Surveyors. At 31 March 2024, the trustees have revalued the tand to £135,000 folbwSThJ an Informal valuation by Hert)ert R Thomas, taThJ agent. The trustee5 believe thls to be a best estimate of the falr value of the land at the balance sheet date. Under the histtsrrcal cost mdel these assets would not have be recryjntsed as they were thnated 13. Debtors 2024 2023 Stockbroker accourts Z9,621 88,281 -16-
The Evan Jenkins Charity Note5 to the Financial Statements (a7ffthPj Year ended 31 March 2024 14. Investments 2024 2023 Investsnents at market value 588,495 2,390,137 The followlng are ItKluded wthin oJrrent asset investments: 2024 2023 Listed investments 588,495 1390,137 15. Analysls of tharltsble funds Unrestrlrted fvnds At GaIr and 31 M•rth 20 losse5 24 At I A[1 2023 Ints)me EXpendire Charfty ftind Revaluation reserve 2,511,539 135,000 2,646,539 81.023 (105,493) 159,942 1647.011 135,000 159,942 ¥78lOII 81,023 (105,493) Gèlns arnl At sses 31 March 2023 At l Aprll 2022 Income Expendlture Charity fund Revaluatk)n reserye 2,766,529 70,CQO 2,836,529 84,116 (122,076) (217,0301 65,000 (152,0301 2,511,539 135,000 2,646,539 84,116 (122,076) The profit fou above of £159,942 (2023: 10$5es of £217,030) conslsts of a gain of £14,667 (2023: £54,048) relating to the disrxisal of invesbnents dung the year and a profit of £145,275 {2023: Ioss of £271,438) relating to the revaluayon of Investments durlThJ the year. 17-
The Evan Jenkins Charity Notes to the Flnancial Statements Year ended 31 March 2024 16. Analysls of net assets between funds Unrestricted Total Funds Fund5 2024 Tangib fixed assets Current assets 135,OCKI 135,1100 2.647,011 1647,011 2,782,011 1781011 Unrestricted Tcthl Fund5 Funds 2023 Tangibk fixed assets Cuent assets 135,000 2.511,539 2.646,539 135,000 2,511,539 2.646,539 17. financial instruments The ¢aryiThJ anJ)unt for each category of financial instrvment is as follows.. 2024 2023 Flnanci)l assets measured at fair value through Income and expenditure Financial assets measured at fair value through income and expendibjre 1588,495 2,390,137 18. Related parties There have en ielated paity transath.ons during the ye¥. 18-