| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| Funds and Total | Funds and Total | ||||
| Funds | Funds | ||||
| 2024 | 2023 | ||||
| Note | |||||
| Income from: | |||||
| Investment Income | |||||
| Dividends on Quoted Investments | 226,899 | 313,307 | |||
| Interest on Stocks | 72,950 | 38,689 | |||
| Bank Interest | 8,296 | 4,307 | |||
| Compensation from Barclays | 100 | ||||
| Total Income | 308,145 | £ | 356,403 |
||
| Expenditure on : | |||||
| Charitable Activities | 2 & 3 | 317,039 | 292,646 | ||
| Total Expenditure | 317,039 | £ | 292,646 |
||
| Net Income and net movements in funds before | |||||
| gains on investments | 8,894 | 63,757 | |||
| Net gains/(losses) on investment | |||||
| Unrealised gains/losses on investments | 4 | 573,491 | - | 711,487 | |
| Realised gains/losses on investments | 58,890 | - | 10,965 | ||
| Impairment losses re JV TR & JV TR Property Ltd | 4 | 89,002 | |||
| Net Movement in Funds | 534,486 | - | 658,695 | ||
| Balance brought forward 6th April 2023 | 9,709,279 | 10,367,974 | |||
| Balance carried forward 5th April 2024 | £ | 10,243,765 | £ | 9,709,279 |
| Note | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed Assets | |||||
| Investment assets | 4 | 10,065,030 | 9,286,802 | ||
| Current Assets | |||||
| Debtors | 5 | 7,565 | 1,256 | ||
| Cash at Banks and in Hand | 6 | 188,738 | 441,555 | ||
| 196,303 | 442,811 | ||||
| Creditors: amounts falling due within one year | 7 | 17,569 | 20,334 | ||
| Net Current Assets | 178,734 | 422,477 | |||
| Net Assets | £ | 10,243,765 | 9,709,279 | ||
| The Funds of the Charity | |||||
| Unrestricted Funds | 10,243,765 | 9,709,279 | |||
| £ | 10,243,765 | £ | 9,709,279 |
| to be available to fund the activities of the Trust for the foreseeable future. | ||
|---|---|---|
| 2.Direct Charitable Expenditure | 2024 | Restated 2023 |
| £ | £ | |
| Donations | ||
| Financial Assistance | 146,667 | 104,800 |
| J V Trust Week 2022 | 55,443 | |
| J V Trust Week 2023 | 42,169 | |
| Governance Costs (see note 3) | 128,203 | 132,403 |
| 317,039 | 292,646 |
| ernance Costs | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Trust Management | 58,597 | 53,645 | |
| Investment Management | 53,900 | 53,193 | |
| Audit | 12,000 | 21,000 | |
| Insurance | 322 | 413 | |
| *Trustees' travel and expenses | 3,332 | 4,000 | |
| Bank Charges | 20 | 32 | |
| Sundry | 32 | 120 | |
| 128,203 | £ | 132,403 |
| d Asset Investments | 2024 | 2024 | 2023 | |||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Investments in subsidiary undertaking (Notes 4b & 4c) | 636,394 | 725,396 | ||||
| Quoted Investments | ||||||
| Opening Market Value 6th April 2023 | 8,561,406 | |||||
| Additions | 1,305,956 | |||||
| Disposal Costs | 1,012,217 | |||||
| Unrealised Investment Gains/(Losses) | 573,491 | 9,428,636 | 8,561,406 | |||
| Market Value 5th April 2024 | £ | 10,065,030 | £ | 9,286,802 | ||
| Historic Opening Book Cost 6th April 2023 | £ | 5,932,497 | ||||
| Closing Book Cost at 5th April 2024 | £ | 6,226,234 |
| The Company has not traded and was dormant in the current year and prior year. | 2024 | 2023 | ||
|---|---|---|---|---|
| £ | £ | |||
| Income | ||||
| Expenditure | ||||
| Income for the period | ||||
| Balance Sheet | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets at cost | ||||
| Tangible assets | 600 | 80,000 | ||
| Current Assets | 1 | 1 | ||
| 601 | 80,001 | |||
| Creditors | ||||
| Amounts falling due within one year | ||||
| Total assets less current liabilities | 601 | 80,001 | ||
| Creditors | ||||
| Amounts falling due after more than one year | ||||
| Net Assets | 601 | 80,001 | ||
| Represented by: | ||||
| Members capital | 601 | 80,001 | ||
| Retained Profit/Loss | ||||
| Profit and Loss reserve | ||||
| 601 | £ | 80,001 |
| Profit and loss account | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Income | 22,200 | 22,200 | ||||
| 22,200 | 22,200 | |||||
| Expenditure | ||||||
| Professional fees | ||||||
| Shakespeare Martineau | Company Management | 15,132 | ||||
| Lease Renewal | 2,262 | |||||
| Cooper Parry Tax Support | 5,790 | |||||
| Jocelyne Chase, Rental Agents Fees | 2,880 | |||||
| Property Repairs/Expenses | 620 | |||||
| Bank Charges | 17 | |||||
| Sundry | 53 | 26,754 | 25,715 | |||
| Net (expenditure)/income | 4,554 | 3,515 | ||||
| Taxation | 200 | 894 | ||||
| Net income/(expenditure) for the period after taxation | -£ | 4,354 | -£ | 4,409 | ||
| Balance Sheet | 2024 | 2023 | ||||
| £ | £ | |||||
| Fixed assets at cost | ||||||
| Tangible assets | 602,700 | 602,700 | ||||
| Current Assets | ||||||
| Bank balances | 38,684 | 38,420 | ||||
| Debtors | ||||||
| Total Assets | 641,384 | 641,120 | ||||
| Creditors | ||||||
| Amounts falling due within one year | 5,591 | 973 | ||||
| Total assets less current liabilities | 635,793 | 640,147 | ||||
| Creditors | ||||||
| Amounts falling due after more than one year | ||||||
| Net Assets | 635,793 | 640,147 | ||||
| Represented by: | ||||||
| Members capital | 651,099 | 651,099 | ||||
| Retained loss brought forward | 10,952 | 6,543 | ||||
| Net (expenditure)/income for the year | 4,354 | 4,409 | ||||
| 635,793 | 640,147 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| 7,565 | 1,256 | |
| 7,565 | 1,256 |
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
£ |
£ |
£ |
||
| Trade Creditors | Cooper Parry | 12,000 | 11,400 | |
| Shakespeare Martineau | 5,569 | 8,934 | ||
| 17,569 | ||||
| 17,569 | 20,334 | |||
| 8. Contingent Liabilities | 2024 | 2024 | 2023 | |
£ |
£ |
£ |
||
| Glasgow Church | Donation pledge made by Trustees for | 15,000 | 15,000 | |
| repairs/improvements to Church building. Awaiting | ||||
| receipt of quotations from supplier for comparison. | ||||
| Settlement expected in 24/25 Accounting year. No | ||||
| possibility of reimbursement. | ||||
| Smethwick Church | 16,000 | |||
| Belper Spiritualist | 15,000 | |||
| Blexley Heath Spiritualist Church | Donation pledge made by Trustees for | 10,000 | ||
| repairs/improvements to Church. Part paid. Awaiting | ||||
| receipt of quotations from suppliers for comparison. | ||||
| Settlement expected in 24/25 Accounting year. No | ||||
| possibility of reimbursement. | ||||
| Cheltenham Spiritualist Church | Donation pledge made by Trustees for | 1,510 | 5,100 | |
| repairs/improvements to Church. Part paid. Awaiting | ||||
| receipt of quotations from suppliers for comparison. | ||||
| Settlement expected in 24/25 Accounting year. No | ||||
| possibility of reimbursement. | ||||
| 26,510 | ||||
| 26,510 | 51,100 |
| benefit of the J V Trust. | ||||
|---|---|---|---|---|
| During the course of the year, J V Trust made donations to Psychic Press Ltd amounting to: | £ | 81,000 | (2023 £86,500) | |
| Psychic Press Limited is not formally related to JV Trust but the Trust was their main donor during the year. | ||||
| Psychic Press occupy at no charge one of the properties held by JV Trust's subsidiary company, JV TR | ||||
| Property Limited. | ||||
| Payments were made to the Trustees for services provided as speakers as part of the J V Trust Week | M Davis | £ | 1,036 | (2023 £1,320) |
| V Larsen | £ | 1,413 | (2023 £772) | |
| J Westwood | £ | 797 | (2023 £339) | |
| J Griffiths | £ | 973 | (2023 £345) | |
| Trustees' travel and expenses reimbursed are detailed in Note 3. | £ | 4,219 | (2023 £2,776) |