Chartty registratlon number 268529 Jeanne Marie Gunn Trust Annual Report and Unaudited financial statements For the year Ended 31 March 2025
JEANNE MARIE GUNN TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees K Abel M Okafor P Curnock Rev. P Fox P Johnstone C Johnson S Spooner Charfty number 268529 Prlncipal address 17 Cora5way Benfleet Essex S57 3DW Independent Examlner Paul Thompson Surte 9 Hadleigh Business Cerrtre 351 London Road Hadleigh Essex SS7 2BT
JEANNE MARIE GUNNTRUST CONTENTS Pa8e Trustees, report Independent examiner's pOrt ststement of financial activities Balance sheet Notes to the finanoal statsments 7-15
JEANNE MARIE GUNN TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR EAIDED31 MARCH 2025 Thetrustees present thdr annual Teport and finanaal statements for the year ended 31 March 2025. These statements have been prepartd in accordance with the accounting policies in the notes to the financial statements, cornplying with the charity's trust deed. the Charities Act 2011, and the"kcounb"ng and Reporting by Charities.. Stalement of Recornrnended Practi. (FR5 1021 effecli% l January 2019. The Jeanne Marie Gunn Trust IJMGD provides relief to the poor and needy, especially. but not exclusivelv among those professing the Roman Catholic faith in the R.C. parish of Rayleigh, Essex. and beyond. The trustees follow Charity Comrnis%on guidance in their activit Achi•v¢m*nts perforrn•tKt The trustees have tsrgeted grants towards national and local charities. sthools. individuals wia the St Vincent de Paul Society ISVPI, and two African countries in need. Gnts focus on homele55ness. food banks, refvgee assistance. children's mental health, and local trisis aid. Feedback from these tharitr'es has been positive. Lo(olSchoots Grants to local schools are'restricted" to support disadvants8ed thildren. covering home reading materials, school uniforms. cultural trips, and other acliVttie& Detsiled expenditure reports are availablè upon request. 5t Wincertde Pau15odety SVP handles grants for indNsduals and families in financial de$s, ensuring compliance with PTivary law5. Reports indicate funds are used for food. dothin& white goods, emefgencygrants for the hornele5s, and rnore. This partnership comleS the Trust deed. Ovetseos Pmiects The trust supports a hospital in Zimbabwe and Individua in Eritrea, managed by Catholic priests. The Zimbabwe hospital offers medÉcal care, pre-natal facilities, an arnbularfe seNce, and a food program f orphaned children. The Franciscan der in Eritrea prOdeS pastoral rare in a war-tLYn region. Updates frorn both areas confirm effective use of fvnds.
JEANNE MARIE GUNN TRUST TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 rin•ncial revit Ye•Mnd fin•ttl•l reports¥: The trustees increased grant 4)ending to £48kp.pa12024 £43kpal, indudin8 £5k for overseas projert5. Donations are expected to remain consistent with 2025 expendrture. by 3V0312026. The goa5 is to balance income with grant and administralive expenses, maintatning a stable revenue surplusfor fijture conts'ngencie Re5er¥e5: No aff are employed by theJMGT. A new Income Reserve of £49k12024.. £33kl ha5 been e5tabli5hed to ensure consistent grant disbursement duri% market corrections and to meet ewpts.onal expendire requirernent5. The incrèasè in the reserve, compared to expertations. refleLts the stroTrger-than-anticipated pèrformance of the investmentfund. Grant expenditure levelswill be rewiewed in thecomingytarto ensure the Income Rese remains at an appropriate and sustainable ve1. In¥*Jbnehrt fund5: AdVtsers/Allocut5." Trustees wtth TrrNestrnent experie¥Kt mana8e all¢xations. supervtsed by Evelyn PartnerslBest invest Ltd. Investment Objectwe.. To preserve capital in real tefrns over long term15 years+l and achieve an income return equivalent to the annual needs of the benefiuaries.. those needs being agreed and reviewed annually. EthKoI Policy.. The trust avoid5 investments in arrnaments. liftrcontravenirq activitie5, Pjfnography, and predatory lendin& adheringto Christian and Cathdic values. Risk.. The portlolio has a rIdiuM to hwl-rtsk strat4y. aimirrf for I0-terM growth with a yeater allatiOn to equitles. Performance.. investment fvr¥J retumed approximately +4.5% during the year to 31 March 2025. Thi5 cornprised strong income return of +6.8%. drNen by divi¢JEnd incorne, offset by capitsl 1055e5 of -2.3%. including unrealiied valuation losses. PerformaTh for the year remained broadty ift lin2 with d)arity sector berthmarks for 5irnilar investment strateg(es. Cornp05ite Benchmark.. Due to the portlolio's c¢rnposition prirnarily of Investment Trusts. establishirya a precise benchrnark is challengin& However. the "ARC steady growth" charity peer 8r(MJP Index provides a reasonable performance measure. Rish Man(ygementr Regular F4)rtfolto revitws ensure gec8raphKal and se¢tor Neit¥. Fund olatn5.. Equity 66%. Property 14%. Commodilie5 11%. eI Bonds 6% ¢Jher 2% Cash 1%. 6eogrophicspread.. UK 47%. Europe 13%. North knierica 2(N.Japan 1%. Pacific Il%. Erner¥i rnarkets 8%.
JEANNE MARIE GUNN TRUST TRUSTEE5' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plan5 fortuture p•riod5. Thè fund size remains stable at approximately £1 million, enabli theTrust to meet its tharitable objects.ves without employing staff. TheTrusl continues to delegate local abd delivery to the SVP and local schools. Overseas support in Eritrea and Zimbabwe is undef review and May be redistributed to other institutions. Looking ahead, theTrust plans to redirect sorne grant fijnding towards ynaller local charities, with a particular focus on supporkn'ng families afferted by the ongoing cost-of-liwn8 Uisis The trust. formed in 1974 by Mr. Thomas Gunn, requires a minimum of four trustees who tan appoint others as needed. Current trurtees- C Johnson, P Curnock, Rev. P Fox, P lohnstone, S Spooner. Mtthael Okafor. Katherine Abel. Trustees meet perioditally and comfflunicate th[0hoUt the year to discus5 Investments, grants, and accountant Temuneration. iimf(ed delegation applies to dealings with bankers. investment adwsers, accountants, and Revenue and Custorns. No remuneration is paid to trustees. though expenses for Charity bu5ine55 are reirnbursed. Accounting servi$ have successfully been transferred from TBI Accountsnts to Thompson Accountancy SeNces Itd for the 2024125 year. A local firm ofaffountantsprowded accounting5eryices, Yhompson Ac¢ovntanCySeNcesLtd".Theservis provided will include mair¢taining accounting rettTrrds. tax retvrrts. and the Independent Examsner's Report. The trustees have approve¢t the accountanys fees. The Trustee5' reportwas approved bythe Board ofTfUStees. Cjoh Date..
JEANNE MARIE GUNNTRUST INDEPENDENT EXAMINER'S REpoKr TO THE TRUSTEES OF JEANNE MARIE GUNN TRusr I report to the Trustees on rny exarnination of the finaKial statements of Jeanne Marie Gunn Trust Ithe charity) for the year ended 31 March 2025. Re$portsilxlthsaThl basTrsofthe report As the trustees of the eharityyou a reSpOnsle for the ppardI10D of the finandal statements In attorda¢Ke with the Charifjes Act 2011 Ithe 2011 Act). I report in respert of my eAamlnatlofi of thearT's flnandal ststerrentsfarried out tmder sethon 145 of the 2011 Act. In carrying out my exarninatKsn I have followed the applKable direction$ 8r4en by the (hanty Commission under sethon 14515llbl of the 2011 Act Independentex•miner's st•temert Yourattention drawn tothe fact that the charity ha5 prepared llnanaal ststernents in acrordance with Accounng and Reportfng by Charitfes preparing their accounts in aCCordare with the Finantial Reporrirw Standards applicable In the UK and Republic of Ireland IFRS 1021 prefefiCe to the Accountin8 and ReportiTrg by Charitss.. Statement of Recornmended Practice issued on l April 2(X)5 which is TefÈrred to in the extant rewlaison5 but has now been withdrawn. l understsnd that this ha5 been done in order for llnarnial statements to pnwde a tnje and fair view in accordance with Genernlly Accepted Accounty PRctice effectNe for porting peri(xJs tr'nl on or aftef l January 2015. I have completed nry exarnlnatton. I c(ffiftm no matters he come to attent in connectrn wlth the exèminatvjn givirg me caw to beliv4e that in arty material respett: Accounting records were rKst kept in respect of the charity as required by sertb)n 130 ot the 2011 Act,. or 2 The flnancial siaternents do not accord with those records: or The financial ststements do not complywith Ihe applicable requirements concerning the form and conteTti of accounts set out in the Charths (Attounts aNd Report51 Re8ulations 2Q)8 Otrth3 any requirement that the accounts8i¥e a true and fair view whith 15 nota matter consided as part of an independent examinatk>n. I have no cOnrn5 and he corne acr055 no other rnatte in connection with ihe *amtnation to whKh attention should drawn in this report in order ttsenable a proper understanding of the financial Statem1$ to be Teached. ps P•ul Thompson FCCA Suite 9 HadIeh Business certtre 351 London Road Hadleigh 5S7 2BT Dated...
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JEANNE MARIE GUNN TRUST BALANCE SHEEr AS AT31 MARCH2025 25 2024 In%¢ments 963.975 92Z541 963.975 922541 c JI t•nk Jrrfl 77.665 due Mith"n ¢)r¢>e {4791 113901 Ilet¢urnt••xts 45.816 76275 TLal aets lemcuffert Iwb"Ii• 991816 C•W Fmd• Endoi¥nent Funds- 9enw In¢ore FJ5 15 959. 96S043 UrttESt¢d Fun 49.841 31773 Tlxal FuThl 1.(¥)9.7>1 991816 The Ima•1 •temwts apwobedtythe tru*ees on....... ......................... ohn
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 Accountlng P1¢¥ Ch•rity InaOn Je8nr Mane ()Jnn ts an 4rirWted ctroritable tDAt. firvrKwl statements fthe teen FF4red fft ac¢t¥darte tl thonty tntst knJ. the Aet JJ11 and "Account1ry and Rewtirg by Charrtie5" Sterrt of Re¢tsnmeNJed Prxtice af4Auble to chafities ttreir accounts in xcordarte FI1 RePt StarxloThJ aFfAable in the UK arxl ofBknJ IFRS 102) It¢t1¥t 1 19)". Tr dwrty B a PC Berefil Ertty as delned ty FRS 102. The cfAnty h•5 taken athetwe oftke tl S(P rch8rls FRS 11r2 8U11n I Mt 10 prewt • StwI ofcash Flxs. The accourls (Inala1 statemertsi Iwn wyred to a In la¢ NaTrJ f0¥e departed from tt cfiiiies [AUrts èr#J Rewrtsl Retsthts to thp exfert rymed to woJe a It Fr The finrKial statemerts ar2 in sterhTrJ. rd ttre fiwrtkin41 Of charfty. amourts in these •rrk81 siaiemerrts ¥e rrrtThYed to the rest £. firrt1818tatemèrts been ppF8Trd urthr the hst(al wsl The 8courtir¥J s a¢Wed arn sel Th8 fina91 statemerts ofttre entily l¥epad a pEtKxl ofkss a year. ty an amowrt ofs days. Th¢s l¥s been ¢J)ne to make the yr olU% comrwt rtIr0 thte ofrtb lrtrnert t)Je 10 the rEa¥m, comparati amourts IYe5errt m fir411 ststemerts (lI111ng any not8$ to th)88 IrAr1 ienrtsi t erti comprab 1.2 ¢orKtm At time 018FprovrJ the finala1 statemerts. trlee8 h8 8 50r• exW•tim t1 ckority has aderymle resources lo contirrt or£pkyl eAtstwe S)r thÈ iYseeatrAp fvrtLwe. It ttLtstees cortinuE lo ath)rA tl% wr¥J corKem WEtornvJ the $t4tewts. 1A CharhablÈ Unre5trKted fvrK15 are o•latle iy w at (5cretKJn Oft trlee8 in •JItr•r ofltwr chantat4È Restricted IxpJ8 are 8Wto ¢oThJtw)r6 ty ¢kn)rs as to trvwttey may te d. pwp ard uses Oft re$lted Amds arè tet tAtt in rths lo siatèrrvts. ErKtrMnert frnjs aft Sut to swi'k GryWa1)rts ItAt ¢•tsi fflt te maintained ty tl ¢ty IA Income Ir¢ome is red chanty wrtthed lo l aler ¥erkne ror¥ttKn5 ha teen met, these 8mourrt$ can te measwed Tdity. aTrJ wotsL4e #W JrK)rne Wil be recei. ofltE don#tn, wles5 ¢1)r require deknal oflhe amw hxome tax teco%erable in relation lo ¢)nations ur¥JEr &1 AWJ w (eds ofcowÉrt Is recowN5 ot l¥ne ofthe 0)natn. Lep¢tÈs aJÈ rectAJrMsed orhee chanty otan impeW th8th"bJtw. armunt Is kw. 8r#J the re¢t¥l is exFected. the le¢Y r& tRatgJ a¥ 4 ¢ortirvJert a65d. recwrA of1 Iryne LS W0ble 8Tr1 Yasw Tr wKome ¢5 then SFrt on frjrthèrae Ort chaitys o*lMs.
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounlng Polldes 1.6 Expendilure EXnthtU is rwused ltr a OTcor6lnth tD rnake a paytrnrrt to a thrd Fmrty. i( ts th8t setllement wll be requrBd 8rrJ Ihe a)rt oftrfj ot4igatiM can be rnllay. EXn(Iture cn 11188 xb¥t85 al exFeTriuE <'nrYy rdated to aCtileS wxlertaken to thè purFY)se aclthe thg dtro chaftty. Tr15 irrlLths the makir#J ofsyants to oryarisatsons or iThjIJaIS vthich are F4id at ts thGreboD Of tt6t855. Grants TrccWod as a liab.lrty orly when tho rAyFrnt is rrknt•. it cn te mtasLYed arvj art m cfftlthons attacl#rYJ to its kmymant that linwt its rx(gThtion. Cthts are aFWrtiord to WresthC firts ¢xdess t threclly rdats to a TrA•thin aTh)th8rfjJThl 1.6 Flxed InNsnents FixJ ast in¥strrnts ¥e iThtially mgagJrJ at trartsaclicfi wce exCIj transaction costs. aThJ a [raSurEd at tsir at exh rEpJbng d4ts CPAryES in fair recKwwsed in rot Ir01{0xFTrbJTrI year. Tran8xkn cc6ts exFered 88 irrunèd. 1.7 Cath and equlvaknts Cash 8tTrJ cas equl8nts ile cash thF¥Xrts hdd at Lll 1th Lks, (ther 5hort4errn liqud %4ilhin brn1r in CUTent lknFth88. Baslc fln•nd•l ¥ts Basic filral assets. Irr1 aTrJ ténk t9186, are m•awJod at IrUr¥4 traackn CLts urles5 (x)rotyiutes a firorcir¥J tTar6xtKn. the trawction Is mea8Lf8d at tr w6s8nt ofth& receipts ¢5Sc(x¥ * a rrgrket d4ntW85t. Fina?1 assets dssthéd as ln onB year rrt Bo¥¢ Ilnandal Ilablllk$ Basic firmal lth"liti8s. i1lIrj cy8thkns arxl nxxymsed at t[ar%xt# wc8 wdess lh& ennt conststLes a firrdITJ trarnsxkn. tre dtrL in5ttunent Is at fv pEsent 1 oftr rtur8 F4yrrS Osc7d at a nw¥kot irtwosl Finmal Ikqt¥"1th5 cLqs5ifiJ as • year3rn rxjt amrnorths8d Cr are thig8 to Y orswwcas trÉt acqLHrl orrOry GOW5e of oF4ratiors frDm swF4w5. ADYJL¥ts F0yaL48 are ¢Iled •5 wr8nt14t¥l(o"es rfpaynnt is duE or• ce. DÈreeognll1 of •n•fieSl Ilablllttes Financial Ivdts"lib85 afB ¢8cc+ ccffrtrxl otlvJaix*s exFrfrB or arb th8charpJ ef caPed.
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ,,CwbTU• 1.8 Ernp>yttbond •oo•wt from CXb.•r SCknfc5 Tr• •t&S r Ms=rxt•J ¥55umrylW5 Oh tryicI otar fjr)J¥•tt10 r•I¥t A(11 rq54Ab rn•y èthr otYn•t¥ J OoMii•ns R•srria Fun 25 24 Dcn•tf•ns gfb 2310 Fun 24 In•)ffl•ft•m tbd •7¥tM•1tr B•n lrtor•51 eo.e54 4e.e21 i.oct 5 Raising fwNI lur*1s 1124 1.97¢ zix 1.976
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 6 ChJrrt•We xlr•ilie¥ 2025 2024 8ank tharges a55coated gant m'rkg aclmb'és Gr1 lun¢Jng of athrtes (see note 71 Shale ol g)vunance costs (see note 81 272 41.790 2.255 45.440 2.319 47,944 44317 A Traly5is ty lund Unresthcled knds Restn"Lled fvJThJs 42.7fy1 5.240 36.7 7.410 47.944 317 7 G rnnts Pyal 2025 2Q4 Gr•ls lo insbtybons. Brerthcod Calhdic Chldrs Socty lTrviaJali Irrrnalenal an19 lo IrsbtrA)rs 2.2 43.240 39.790 45.440 41.790 Gfats to bn¢*ithas 4S All grarts wwe gNen to thartlès seek to Iw¢ye Ihe ol Ihe wor and reety. in accortsnci vnlh the enbbes otyethes io-
JEANNE MARIE GUNN TRUST NOTES TO THE FINANaAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 515 C•5 zoy 7.933 Trthf•b zJr4 I255 2319 Z255 F• l(w Ind<rt EMftY•¥) F•• l(r ottrqr •£% 5w¥kXS 875 Tota 1034 1.53J g Tnt¥l 11 N•l•ans4l0¥ nds ¢09.C¢• G*rb'b551 il¥•Intr li-
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Fwl a•etiTr•etrrert Lied C(¥tor¥•lI l Aryd 2024 d1 VahJ8tnn thai985 OuiosaLs 922.541 139.520 .1171 31MarthJ25 ,975 A 31 M•rth Z>2S 3,915 31 IAèrth 1124 922,541 2025 .975 922,541 13 Ftr*rti¥ in•nrni• 2025 2Q4 InstrentS meJwfE<Y at trlr s•kne thrDUgh orkn28 963,97S 922,541 14 fallingthe m•th1naY1r 2025 Other UEdtr A(auaLs and ¢JeknE(l thujrnt Toljl 479 12-
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13-
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL sfATEMEMfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 iii- 14-
JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED31 MARCH 2025 18 Relaied pa Transaaions There were no disclosable related party Iransactions dunng the year12024 - none) 15-