Charlty re8lstratton number 268529 Jeanne Marie Gunn Trust Annual Report and Unaudited financial statements For the year Ended 31 March 2024
JEANNE MARIE GUNN TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees G Mlller A Coleman P Curnock Rev. P Fox P Johnstone CJohnstone S Spooner Charfty numb•r 268529 pr111 •ddr¢ 28 Gladstone Road Hockley Essex SS5 4BT Independent Examlner Paul Thompson Suite 9 Hadleigh Bu51ness Cent 351 London Road Hadleigh E55ex SS7 2BT
JEANNE MARIE GUNN TRUST CONTENTS Tru5teeg report Independent examinerfs report Statement of financial actlvities Balance sheet Notes to the flnanclal ststements 7-15
JEANNE MARIE GUNN TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Thetrustees present thelr annual rewrt and finandal ststements forthe ¥•ar ended 31 Marth 20 These ststements have been prepared in accordan with the accounting policies In the notes to the financial 5taternen comptyln8 wlth the £hartys trust deed. the Charltles Act 2011. and the"knounting and Reportln8 by Charltles.. Statement of Recomrnended PrCe. IFRS 102) effective l January 2019. ObJectl¥•s and Ktlvltl•s The Jeanne Marle Gunn Trust IJMGTI provides rellef to the poor and needy, especi811¥, but not exclusivelv amon8 those professin8the Roman Catholic faith in the R.C. parish of Rayleigh. Essel and beyond. The trustees follow Charity Commission guidance in their actIe$. The trustee5 have targeted grants toward5 natlonal and k<al tharlties, schools, individuals Vta the St Vlncent de Paul Soclety ISVPI, and two Afrlcan countrle5 In need. Grants focus on homelessness, food banks. refu8ee 3sslstance, chIldr'S mental heatth, and hxal Cros ald. Feedback from these tharltles has been poSIve. lo1Stha0[S Grant5 to local schoo15 are"restrkted' to support d15ad¥antaged chlldren, covertn8 home readlng materlals, school unSforms. cultural trSps, and other artlvltles. Detailed expenditure reports are avallable upon request. st Vln¢ent de Ul50ety SVP handle5 grant5 for indNidua15 and families in finantlal distress, ensurin8 complian¢e with privacy laws. Reports Indl¢ate frjnds are used for food, clothin& white goods, emer8enry grants for the homeles5, and more. Th15 partner5hlp Complies th the Trust deed, wlth an SVP member servln8 as a trustee. The trust 5UPPOrts a hospftal In Zlmbabwe and Indivlduab In Erttrea. managed by Cathollc prfests. The Zlmbabwe hospltal offers medkal care, prtrnatsl facllMe5. an ambulance servlce. and a f¢)od program for orphaned children. The Francixan order In Erttrea provldes pastoral care In a war-torn re8lon. Updates from both areas conflrm effertlve use of fund&
JEANNE MARIE GUNN TRusr TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnandal Ye¥1 Year-end IIMncl•l rep•11. The trustees increased Brant spending to £43kp.pa {2023 £35kpal. induding £7k for overseas projects. Donations are expected to rise to £45k by 3V0312025. The goal is to balance incorne wlth 8rant and admini5tratfve expenses. maintsinin8 a stable revenue surplus for future contingencies. No staff areemployed by theJMGT. Anew'lncome Reserye, of £33kl2023- £28kl has been establlshed to ensure consistent grant disbursement durin8 market ¢wrect6ons. and to meet exceptlonal expendlture requlrements. ¥estm•nt fundk. tsers/AllgtafiotJs.' Trustees t•Ath Irwestment experlence mana8e alkKatlo, supervlsed by Ev•lyn PartnerBest Invest Ltd. Investment Oblertlve.. To preserve capltsl In real tenns over the long terni15 years+l and a¢hleve an Inme return eqUalent to the annual needs of the btnefithrles. those red5 beinB 38reed ond revlewe(l JnnuJHy. Ethlcol Policy.. The trust avoids Investments in armaments IKtrcOntr3v1 actmtles, pornography, and predatory lendin& adherinl to ChrlslSan and Catholic Value Risk.. Th• portfollo has a medlum tt> h181sk 5twe8y, almln8 for long-terffl growth wth a ereater allocatlon to equlties. Perfom70nce.. The Investment fvnd retumed-2.4%. comprlslng an Income return of4.5% off5tt by losses arfslng from rnarket valuation ¢h8n8es and securities disposals durin8 the year of -6.9%. Thls conf0rn5 approxlmately with tho charty peer group benchmark C¢)mposlte Benchmark.. Due to the portfolio's composltkn prIMari of Inveslment Trusty establlshlng a predse benchmark Is ¢h•llen8ln8. Howrtr, the 'ARC steady 8mwth" tharity peer group Index provldés a r•asonabl• performance measure. Rl$k Monoqernen?. Re¢ul•r portfollo revlew4 erdure 8eographkal and sector dl¥ers1ty. Fund qll¢X>tlons.' Equliv 64%, Property 24%. Q>rnrnod111•5 85 C•sh 4%. Getrgr4spreod.'VK SN Europe IO%, North Amerfr3 16%.Japan 5* ParAR¢ ll%. Emer8in8 markets4X.
JEANNE MARIE GUNN TRusr TRusfEES' REPORT {coritlNUED) FOR THE YEAR ENDED 31 MARCH 2024 Plansforfutu¥• p•wloth. The fund Size exc¢ed$ £93OK, en4blinB the trust to meet rts objectives whthout emplownB StafF. The trust wll continsje dele8atin8 local aid to the 5VP and schoo1& O¥ersea5 prt in Eritrea and Zimbabwe will be revlewed and may be redistributed to other instttutlons. Plans Include redlrethng grants to smaller local charllles to support str4J881inq famllies amid the cost-of-livJn8 (ri5iS. StrurtlYe* ¥•M•n(•, •nd m•Mym•irt The trusL formed In 1974 by Mr. Thomas Gunn. requlres a mlnlmum of fourtrust••s who ¥ppo5nt others 4$ needed. Current trustees: G Mlller. A Coleman. P Cun Rev. P Foi P Johnstone. C Johnson, S Spotsher. Trustees meet perfodicalty and communicate throughout the ye•rto dIsCu Investments. grnnts. and accountant remuneratlon. Limited delegatlon applbesto dealln8s wlth bankers, investrnent aSe1$, accountants, and Revenue and Customs. 140 remuneratlon Is pald to trustees, though expenses fortharlty buslness are relmbwsed. A¢countin8 serv4$ have 5u¢cessfulty been transferre(I from TBL Accountants to Thompson kcountanry Servlces Ltd for the 2023124 yèar. A local flfm of accountants pl0ded accountln8 services. ThornpwnAcrountancy 5ervlces Ltd".Theservlce$ provlded wlll Include malntalnlna accounting record% tsx retyms. and thè Indepdent E¥omlnePs ReporL The trustee5 have approved the accountsnY5 fees. The Trustees, reportwas apprry4ed by the 804rd ofTrustees. G Mlller Date:..... /1 kL...Ak¢..L.u£ 1 202 +.
JEANNE MARIE GUNN TRUST INDEPENDENT EXAMINER'S REPOFrr TO THE TRusfEES OF JEANNE MARIE GUNN TRusr I reportto theTrustees on my e4amlnatlon of the financTrzl 5t3tements of Jeanne Marie GunnTru5t Ithe chartyl for the year ended 31 2014. Resporfjlbllllles and basb olthe report As the trustees of the charity you are responstble forthe prerIll0ft of the flnandal statements In accordance wlth the Charities Act 2011 Ithe 2011 Act). I report In respect of my examinatloft of the charftvsfinonthl 5tstements caffjed ¢)ut under SC15on 145 of th• 2011 Act. In carrylThg out my examlnatlon I have followed the applicable dlYect5ons w¥en bythe Charlty Cornmlsslon under sethon 14515llbl of the 2011 ACL Your attenYon15 drawn to t factthat the tharrty has preparnl finondal swments In acconlance wlth Accounfjng and Reportlng by Charlties preparlng thelr atUnts In accordance wtth the Flnandal Reportlng Stsndards applicable In the UK and Republlc of Ireland IFRS 1021 In prefefence tt> the Accountln8 and Reporting by (hariYe5'. Ststement of Recommended PrartiC¢ ISSU on l Awll 2ts)S whsch is refèrr to In the extsnt reKuiadons but ha5 now been understand thatthls has been done In ryder forflnandal statementsto prokld• • and falrvkw In alTdan¢t wlth G•n•rally Ac¢epted Accounn Prnclke effrth for reportln8 perf¢)th bee1nni on or •fter l January 2015. I have completed my examlAatlon. l nfftnn that no mattw5 cometo atterrtkffj In tonnecyon wlth thè examlnauon 8lvln8 me Cause to belkntthat In merlal rttpect: l Accounting records were not kept In respect of the charlty as requlred b¥ secdon 130 of tht 2011 Act,. or 2 The financlal statements do not accord with those records,. or 3 The flnancial statements do not compty wfth the apICable requlrements concernlngthe fomi and content of rKrounts set out in the ChaTft6es IAc¢ounts and Reports) Re8ulafjon5 2CJ8 other than any requir•m•rrt that the accounts a tru• and falr ¥kw whlth ts not a matterconsidertd as part of ¥n Independent I have no concerns and ha¥t come across no other matters In connethon wtth the eXamInon to whlch attention should be drawn In thls rewt in order to enawe a proper UrkT5tsnd1 olthe ffinanoal statements to be reached. Poul Thomwon FCCA Suito 9 Hadlel8h Buslness centr• 351 London Road 14adlÈl8h Essex SS7 2BT
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JEANNE MARIE GUNN TRUST BALANCE SHEEr ASAT31 MARCH2024 2023 Ime8tmerf8 12 .541 1,022,686 ¥2Z541 1.022,686 Curr•nt a1• Cg8h at bAr In h¥wJ 46.1 46.1C Cr•dltor am¢)untsf•lllng du• wlthln on• y•ar 14 (1.3W) (3,083) N•t cuff•nt a•l• 78.275 43,023 Totsl a••1• l• CUff•nt Il•bllld•• 998.816 1,066,709 ¢•pltsl Fund• 1,037,555 Incom• Fund• Unr••trfct•d FUTr 28.154 Total Fund• 99J,816 1.065.709
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2024 1 ACCnIn0 polld Charfty Inknnallon ne Mari8 &Jnn is tnJL 1.1 Acen11n# eoh¥•rtlon The fin0rla1 statorrtS hm In xcordaru lth th trt dwj, ChWlY Aet 2011 and 'Acc¢)unliry arvj Ch8ritNs' Slaternert Pr1 to Ctsn8 th¢lr 0rdar with Ilff#Jtiry si•xl¥d ¥Wlcat48 kn th8 UK wbj Fi4yknk IFRS 1021 l•ffxti l jary 2019)" ct•tty o a PutlK Benoft ErAty a¥ FRS 1(Q. Thé leejAts (finanual 8t•t¥rnthl hrn to •xJ ftrm t charft6# <A¢¢JrI$ RW•l 2fXe to th io rthdo • Iw? aTrJ kir The fin1•1 itstémwd8 w• pr•pwed n •l•rbry, * thb I%110nd ehwly. M¢yt ncunt• in th••e •l•tthrnnts •r• lo lh• TttWt £ athFl•J • ¥•t tkn. Th• fir1•r slatemwts entity a pltrJ yoqr. rls doy8. Thlg hAb blen to rn•ke yewerbj ofth thtth th rryxxtity d•t• d rt ary rKkn• to •t•nvtsl m•y nol b• 1.2 Odng cont•rn ra[¢ to in tKs•Mt48 firtura Thus th• trle onl1n lo •Jcpt ¢tyK•m b•srA ofxc(xxrtry In tP1n•v atatemort8. 1.) Ch•rltllbh fund• R••trtctJ 1rt4•cl to #• to Th• F4UFQJ•• uses clthe reslrkt•J • set lo lh• stat#$. •Jrth ar• to •Frflk tw tho cw mLtyt b? 1.4 Ih¢om• Incom• rd the chorty lo Il aler4 pwyrnw¢• m tlwe amourt8 can t¢ r¢llatty, •J te rt1d. ofii dwailon, unless r•¥n d8kn ofthe nJr. t•x rnctherthe in LegacB8 •• m¢¢)wri&J on recept rx clh8n•?s• rfttre ¢Wy h8$ twn of 8n imFeTrJing d¢StrknAIw. ount * kTr3wn. rKrt knryn, ttro rd troBted •$ • coniiro8nl 41$8t. ofthe charity¥ c48Cth•s.
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMEp¥rs {cotlllNUED> FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounling Poli¢i• (GnlI 1.5 Exp•nd5tyTr ExpeThliture 18 rt¢tr3rriaed or£a a l•Jal orcon8tDxtTro to m•k• a pgyfftwrt to • third pty, s wobgbkn that SeluonI 911 be wuirgJ ntyJrt ofth• b• m•avrnd reliatrAy. ihg purp088 and ach the ofy.l5 cl th• chtty. in¢l¥los tha md¢ir#J clgrnAts to organi8ation8 or Indid¥1 thich arè paK1 at tha dre1)n altha toJst•ss. rt¢09nW as a lth'lty ty)ly l)•ft th ptyment18 prrA)8bl¢, bt rrW8u ar¥J tln no attxNr#J to ito pJymMt IW limit rt8 TWJrth. Costs apwti¢yY to unrnstrKthl wikn they di• to a knd. Thorn gm no estimation technv4LW In the aF9110rtt olcosts. 1.8 Flx•d awtIDh•n FIX ass•1 intMe3 are Inalty at trarwacth ylc• •X11 ¢rnrwJ&tknn cost•. •ThJ • I6qn¢ me86wed ot fair 11 at •ach r•r#JXSro d•t•. Ch9 in f¥lr arn in n•t com&lwpgTh16twel ygfir. T6&tl •tprnd x irKun•d. 1.7 fAth •nd •ql1•n Ca8h 8TrJ UlhntB calh dopxrt• W at cdl bfft, crthw shJrt4•rrn Ivwid ¥trnerfS thfjglfi matuhtl&s dtln• montrw w bw. •tsJ owxdr•A•. ¢)wrdrah arn •hwi within in Cnt liJ"lrtiM. 8a8lc ffimnclal assets, 7hthich tn¢bJ¢¢ ¢)&torS bgrth txl•rKw. m•8smJ at trwo•GiM plc• IncludiTrJ transaction cc4t• •rwwent ccoJtitut•& • fin•wr4 tr•n88ctth. the tr8nwtion c1988itsJ as recd49 llTr y•ar are rnt •nmcrfto•J. Baslc finarKkql liakn"litle8. I[jIa CltO[l aThJ bath IfArA ar• •t tractn prfee wlbs8 th• •ff8ngom8Trt COtrtt•S a finwKiNJ tr41. th8r• th8 dJt is rnoaswj ai th8 prns•nt wl ofthè luturn kwmgnls di8cfjjntl 4t • m•èt th on hitfrtAt. Finwil lthlrti8s clM8thJ 88 payabkn lthln oro y•w rot •mrnQrt. Trnd• CJ018 to tw c¢ thal hw been aequind in the ordinary cyrBtioM $UF¥knr¥ AmcMJrtB payab Am cL9$sj as cwrBnt liatrf"l¥W ff p8ym8ni A (h thfin yeaf or $s. Wnol. t arB prE58nj as lren1 I1rflrf. Tr•Jo cr&Stm w• r•c&JnlseAI at trnracil prr D•Ne4>gnlllan of Iln•n¢ll Il•blllfi••
JEANNE MARIE GUNN TRUST EIOTES TO THE FINANCIAL STATEMEpifs ICOlrnNUED) FOR THE YEAR ENDED 31 MARCH 2024 1 AccountSng Polld• 1.8 bnploy•• b•n•llts 3 Crfllul ceountlw •dlmats••nd Judwn•rt• ostimales aThJ a18umptm) tha cwryiTrJ rf•9 •rbJ ¥thS th ¥e n(rt historical rie1• oth•rf•rtty• th or• to b• ff•. A4uil m¥y d ryn the¥• estim•teJ. •8tkn•to• ¥TrJ urbYwlyk4 Ide arb t•ts. to KrwrrtlrYJ •stIMa5 gre rec09red in tho poricd in the estwnate r8 th81 *j. or In the Oft arbj rv1•1 Bfffjcis brlh ¢urrert and fiJtur• F4rbxl•. 3 DOfionI•m1 kryl•s Furwjs Dwotion8 9fft8 1310 2.155 4 Inkn•n Un1••trld Urwestrkt•d 2024 2023 IncLYno knwtrrnnt• B•nk Inter••t 48,821 47.028 43,787 $ RohtnA fund¥ g•r•MI X24 1125 1126
JEANNE MARIE GUNN TRusr .NOTES TO THE FINANCIAL sfATEMENfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 6 CMrflatrAe acdvllle8 20Z3 Bart Char ¥18tS lth grant m8klThJ acu ftmdlng crf8CtlAtos l$ee Thxe n Share of ¢18 Is•• not• 8) 2T2 41,79) 2.010 317 An•1 ty fund Unr•6trict•d Ro8trtcled 31,334 8.555 7,410 317 7 Grnnts P•y•bl• Grtnt8 to Instlluucm.. Brenmwj Cathc4ic S Immaterfd 10 41,Tr) Grnnt8 to 4179) All grants gin lo etr4rflbos sedE to th• sItit crftm prwaThJ In occordan th the enltties charit&8 objecti.
JEANNE MARIE GUNN TRusr NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 8 Supporteo 3upwt 13o¥•rnanc• X)24 AccowtanBy MiscéllanooL PtIo0 2,010 274 274 io charitab 8ctW98 1255 1010 Fee Irwrknt Exthnlndic Fee fcrf c4Por &¢tsJrtiriJ 1,0 Tot•1 dU[w tt y•w. 10 Oth•r•xp•ndIr T)l•l fund• 9gngrn1 202J 11 Not 9•InO01¥) ¢)n Inv••knonts dowm•nt Endowmgnt fund• fvnd• 9Dn•ral g•Mrnl Rwluation 011ntmerts Gw'nlllc¢8} th) saté ol im66trswts 169.C881 (98,4841 16.C611 li-
JEANNE MARIE GUNN TRUST PIOTES TO THE FINANCIAL sfATEMENTS ICOPrnNUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Flx•d a•wt lfiv••lm•nty Lled Inve•knonts Co or v•lu•lbon At1Aw112 A(klillcs Valuation chAtYJ88 0i8posals 1.tr22,688 (70,38T) (62.8S31 Al 31 March 2024 921541 Ing amount At 31 March 2024 922.041 Al 31 March 2023 1.021686 2024 2023 Inv••kn•nts•tf•lrv4lu• mP. Ll8ted IntMentS •a641 1,022.186 13 Flnncl41 In•lNm•nts 2024 2023 Carrylng amount of IIMnd•l Irf&truments measuTrd * falr thru wolt Lr k*$ 94041 1,022,686 14 Cr•dlts> •mountslalllng du• wlthlD ¢)n• 1 2023 Other Cfwthl AcGiuals aTrJ deferTwJ IrK{ Tot 3.083 12-
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JEANNE MARIE GUNN TRUST .PIOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 R•lat•d Party Transactlons There were no dlsclc6atrAè relat wty tM$Actlon$ duri the y8ar12023- non8) 15~