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||||**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**|
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|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|||||
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|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|
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|**2024**|**2023**||
|---|---|---|
|£|£||
|7,565||1,256|
|**7,565**||**1,256**|
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|||**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**|
##
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|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)|
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