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2024-04-05-accounts
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Unrestricted |
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Unrestricted |
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Funds and Total |
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Funds and Total |
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|
Funds |
|
Funds |
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|
2024 |
|
2023 |
|
Note |
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| 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) |