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. G￿nts 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 d￿e$s, ensuring compliance with PTivary law5. Reports indicate funds are used for food. dothin& white goods, emefgencygrants for the hornele5s, and rnore. This partnership com￿leS 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 prO￿deS 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 expendi￿re 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/Allocut￿￿5." 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 rI￿diuM to hwl-rtsk strat4y. aimirrf for I0￿-terM growth with a yeater all￿atiOn 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 ￿Ne￿it¥. Fund ol￿at￿n5.. Equity 66%. Property 14%. Commodilie5 11%. ￿e￿I 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[0￿hoUt 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".Theservi￿s 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$portsilxlthsaThl basTrsofthe report As the trustees of the eharityyou a￿ reSpOns￿le for the p￿pardI10D of the finandal statements In attorda¢Ke with the Charifjes Act 2011 Ithe 2011 Act). I report in respert of my eAamlnatlofi of the￿ar￿T's flnandal ststerrentsfarried out tmder sethon 145 of the 2011 Act. In carrying out my exarninatKsn I have followed the applKable direction$ 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 Accoun￿ng and Reportfng by Charitfes preparing their accounts in aCCordar￿e with the Finantial Reporrirw Standards applicable In the UK and Republic of Ireland IFRS 1021 prefe￿fiCe 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￿'n￿l￿ on or aftef l January 2015. I have completed nry exarnlnatton. I c(ffiftm no matters h*e come to attent￿￿ in connectr*n 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 Ot￿rth3￿ any requirement that the accounts8i¥e a true and fair view whith 15 nota matter conside￿d as part of an independent examinatk>n. I have no cOn￿rn5 and h￿e 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 Statem￿1$ to be Teached. ps P•ul Thompson FCCA Suite 9 HadIe￿h Business certtre 351 London Road Hadleigh 5S7 2BT Dated... Iii- 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 TL*al a￿ets lemcuffert Iwb"Ii• 991816 C•W Fmd• Endoi¥nent Funds- 9enw In¢ore F￿￿J5 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 P￿1￿¢¥ Ch•rity In￿￿a￿On Je8nr* Mane ()Jnn ts an 4rirW￿ted ctroritable tDAt. firvrKwl statements fthe teen F*F4red fft ac¢t¥darte tl* thonty* tntst *knJ. the Aet JJ11 and "Account1ry and Rewtirg by Charrtie5" St*￿errt of Re¢tsnmeNJed Prxtice af4Auble to chafities ttreir accounts in xcordarte FI￿1￿ ReP￿t￿ StarxloThJ aFfA￿able in the UK arxl of*BknJ IFRS 102) It￿¢t1¥t 1 ￿19)". Tr dwrty B a P￿￿C Berefil Ertty as delned ty FRS 102. The cfAnty h•5 taken athetwe oftke tl* S(*P *rch8rl*s FRS 11r2 8U1￿1n I Mt 10 prewt • St*wI￿￿ ofcash Flxs. The accourls (Ina￿la1 statemertsi Iwn wyred to a In￿ la¢ *NaTrJ f0¥e departed from tt cf*iiiies [A￿Urts èr#J Rewrtsl Re￿tsth￿ts to thp exfert rymed to wo*Je a It￿ F*r The fin*rKial statemerts ar2 in sterhTrJ. rd ttre fiwrtkin41 Of￿ charfty. amourts in these •r*r*k81 siaiemerrts ¥e rrrtThYed to the r**est £. fir*rt1818tatemèrts been ppF8Trd urthr the hst(**al wsl The 8c*ourtir¥J s a¢Wed arn sel Th8 fina￿￿91 statemerts ofttre entily l¥epa￿d a pEtKxl ofkss a year. ty an amowrt ofs days. Th¢s l¥s been ¢J)ne to make the y*r olU% comrwt ￿￿rtIr0 thte ofrtb lr￿trnert t)Je 10 the rEa¥m, comparati* amourts IYe5errt￿ m fir*￿411 ststemerts (￿lI111ng any not8$ to th)88 IrAr*￿1 *ien*rtsi t* erti￿ comprab 1.2 ¢orKtm At time 018Fprovr*J the fina￿la1 statemerts. tr￿lee8 h8* 8 ￿50r• exW•tim t￿1 ckority has aderymle resources lo contirrt￿ ￿ or£p*ky*l eAtstw*e S)r thÈ iYseeatrAp fvrtLwe. It* ttLtstees cortinuE lo ath)rA tl% wr¥J corKem WEtornvJ the $t4tewts. 1A CharhablÈ Unre5trKted fvrK15 are o•latle iy w at (*5cretKJn Oft￿ tr￿lee8 in •JItr•r￿ ofltwr chantat4È Restricted IxpJ8 are 8Wto ¢oThJtw)r6 ty ¢kn)rs as to trvwttey may te ￿d. pwp ard uses Oft￿ re$l￿ted Amds arè tet tAtt in rths lo siatèrrvts. ErKtrMnert frnjs aft Sut￿ to swi'k GryWa1￿)rts ItAt ￿ ¢•tsi ffl￿t te maintained ty tl ¢￿ty IA Income Ir¢ome is r￿￿ed chanty wrtthed lo l aler ¥erkn￿e ror¥ttKn5 ha* teen met, these 8mourrt$ can te measwed Tdi*ty. aTrJ wotsL4e #W JrK*)rne Wil be recei￿. ofltE don#t￿n, 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)nat￿n. Lep¢tÈs aJÈ rectAJrMsed or￿he￿￿e 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￿ I￿ryne LS W0￿ble 8Tr1 *Y*asw￿￿ Tr* wKome ¢5 then SF*rt on frjrthèra￿e 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 EX￿nthtU￿ 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 rnlla￿y. EX￿n(Iture cn ￿1118￿￿8 xb¥t85 al exFeTr*iuE <*'nrYy rdated to aCti￿leS wxlertaken to thè purFY)se aclthe thg dtro chaftty. Tr15 irrlLths the makir#J ofsyants to oryarisatsons or iThjI￿￿JaIS vthich are F4id at ts thGreboD Of￿ tt6t855. Grants TrccW￿od as a liab.lrty orly when tho rAyFr*nt is r*rknt*•. it c*n te mtasLYed arvj art m cfftlthons attacl#rYJ to its kmymant that linwt its rx(gThtion. Cthts are aFWrtior*d to WresthC￿ firts ¢xdess t￿ threclly rdats to a TrA•thin aTh)th8rfjJThl 1.6 Flxed InN*s*nents Fix*J as*t in¥*strr*nts ¥e iThtially mgagJr*J at trartsaclicfi wce exCI￿￿￿j transaction costs. aThJ a [r￿aSurEd at tsir at exh rEpJbng d4ts CPAryES in fair recKwwsed in rot Ir￿0￿1{0xF*Tr￿bJTrI year. Tran8xkn cc6ts exFer*ed 88 irrunèd. 1.7 Cath and equlvaknts Cash 8tTrJ cas* equ*l8nts i￿l￿e cash thF¥Xrts hdd at L*ll ￿1th L*ks, (ther 5hort4errn liqud %4ilhin brn1r￿ in CUTent l*knFth88. Baslc fln•nd•l ¥￿ts Basic fil￿r￿al assets. Irr1￿ aTrJ ténk t91￿86, are m•awJod at Ir￿U￿r¥4 tra￿ackn CL*ts urles5 (x)rotyiutes a firorcir¥J tTar6xtKn. the trawction Is mea8Lf8d at tr* w6s8nt ofth& receipts ¢5Sc(x¥￿ * a rrgrket d4ntW85t. Fina￿￿?1 assets d*ssthéd as ￿l￿￿n onB year rrt Bo¥¢ Ilnandal Ilablllk$ Basic firm￿al lth"liti8s. i1￿lI￿r￿j cy8thkns arxl nxxymsed at t[ar%xt#￿ wc8 wdess lh& en*nt conststL*es a firrd￿IT￿J trarnsxkn. *t*re ￿ dtrL* in5ttunent Is at fv pEsent *1 oftr* *rtur8 F4yrr￿S Osc￿￿7*d at a nw¥kot irtwosl Finmal Ikqt¥"1th5 cLqs5ifi*J as • year3rn rxjt amrnorths8d Cr￿ are thig8￿ to ￿Y orswwcas trÉt acqLHr*l or￿rOry GOW5e of oF4ratiors frDm swF4w5. ADYJL¥ts F0yaL48 are ¢I￿led •5 wr8nt14t¥l(o"es rfpayn*nt is duE or• ce. DÈreeognll1￿ of •n•fieS*l Ilablllttes Financial Ivdts"lib85 afB ¢￿8cc+￿ ccffrtrx￿l otlvJaix*s exFrfrB or arb th8charpJ ef ca￿￿Ped. 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 SCknfc*5 Tr• ￿￿￿•t&S *r* Ms=rxt•J ¥55umrylW5 Oh *tryic*I ot*ar f*jr￿)J¥•tt10 ￿r•I*¥￿t A(1￿1 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 tb*d •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 Gr￿1 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 Chldr*s Soc*ty lTr*viaJali 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 EM*ftY•¥) 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¥•In￿tr li- JEANNE MARIE GUNN TRUST NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Fwl a*•etiTr•e*trrert* Li*ed C(¥tor¥•l￿I l Aryd 2024 d￿1 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 Instr￿entS meJwfE