Jo$¢ h NiekersoD Charitable Foundation Ttee$, Annual Re ort for the Year Ended 30th A ril 2024 Details of the Charl The TnLStees of the Cl]arity are:. Lady Eugenie Nickerson Louise Josephine Baltesz Edward Robert Nickerson William Jefftey Emms The registered number of the Charity is 276429. The address of the Charity is: Villa Office Rothwell Market R&sen Lincolnshire LN7 6BJ Ob'ects of the Chati The income and capital of the Charity is held on trust for such charitable PUTposes, charitable institutions or charitable foundations Situated within the United Kingdom as the Tnjstees may determine from time to time. Review of the Charities Activities During the year ended 30 April 2024. the Charity incurred the following expenditure: Educational grants to young persons to assist in financtng further education 3,000.00 Donations to various local and nlOal Cl)aTitable purposes and institutions 15,500.00 Outings and activities for senior citizens and young persons of Rothwell Village 540.(X) Building overheads and repairs 44.002.00 Sundry expenditure/Mawement F 10.401.00 73,443.00 Signed on behalf of the Tnee$. Trustee Dated: 25° O¢tobet 2024 25.10.241JNCFncf
Joseph Nickerson Charitable Foundation Report and Finanaal Statements Year ended: 30 April 2024 Chartty no: 276429 Haln8s Watts Chartered Accountants Hanover House 117- 119 Cleethorpe Road Grimsby N E Lincolnshire DN313ET
Contents Pages Legal and administrauve infomiation Report of the trustees 4-5 Examiners, Report Statement of financlal acttvities Balance Sheet Not8s fomiing part of the finanaal 8tstements 12
LEGAL AND ADMINISTRATIVE DEfAILS Trustees.. Lady Eugenie Nickerson Louise Josephine Baltesz Edward Robert Nickerson William Jeffrey Emms Registered Office.. Villa Office Rothwell Market Rasen Lincolnshire LN7 6BJ Examiners: Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby, DN313 Bankers: Lloyds Mercer Row Louth Investment Managers: Cazenove Capital Management Limtted 12 Moorgate London EC2R 6DA
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Report of the trustees for tho year ended 30 Aprll 2024 The trustees have pte8$ure in presenting their annual reFth and financial st8tsments of the charty. Reference and admlnlstratlva detalls of the charity. its trustees and advisers Referee and administrative details are shown in the schedule on pag8 3 of the financial statements. The Trustees The trustees who served the charity during the year were as follows: Lady Eltgenie Nickerson Louise Josephine 8altesz Edward Robert Nickerson William Jeffrey Emms Structure The Joseph Nicketson Charitsble Foundation is an unincorporated cha¥rty govemed by 8 twst daed registered with the Charity Commiss. Objectlves and activltEgs The income and capital of the charity is held on trust for such charitable pUrpOS, charitable institutions or charttable foundations situated wtlhirh the Uniied lfjngdom as the Trustees may determine from time lo time and which are in accordance with the Charity's objectives as set out in the said trust deed. Achlevements and performanc8 The charity has continued to make various hjcal communty and educatk)n81 grants during the period. Finan¢lal review The charity is in a sound financial posttton with substantial resrceS which will extend the scope for donations in the future. Plans for future periods The charity will continue its charit2ble objecttves 8SSiSted by the increased resources at its disposal. Tru$teas' Respon$lbS1ities The trustees are responsible for preparing the TTUStees' Annual Report and tha flnan¢ial statements in accordance wth applicable law and unit lQngdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Practice). The law applicable to charrthes in England & Wales wuires the trustees to prepare financial stslements for each financial year which give a true and fair view of the state of affairs of the tharity and of the incoming resources and application of resources of tha chaiity for thal peric<S. In preparing these finan¢ial statements, the trustees are required to: Select suTtable accounting policies and then apply them consistently- Observe the methods and prinuples in the Charities SORP- Make judgments and ests"mates that are reasonable and prudent- Stale whglhar applicable accounb.ng standards have been followéd, subject lo any material departures disclosed and explained in the financial statèments., Prepare the finan¢ial statements on the going conrn basis unless It is in8ppropri8le lo pSume that the charity wll continue in operation.
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Report of the trustees for the ytsr ended 30 April 2024 {contlnued) The kniJstees are r9SFonSlb for keeping proper aCntIng records that élsclose wSth reasonable 8ecuracy at any time the finanaal positson of the charity and enable them to ensure that the financial slalements compty wrth the Chartties Act 2011. the Chaiity {Aejnts and RekX)rtsl Regulations 21X)8 and the provisions of the trust deed. They are also rasponsible for s81eguarding the assets of the charity and hance f¢x taking reasonable Steps for the Fffevontion and detectron of fraud 8nd other Irregularili&s. Indop•nd6nt Examln•rs Haines Watts. Chartered Accountsnts were re-appointed as indep8nd6nt examiners durtng Ihfr year. Thls report was apwoved by th6 Trustees on and signed on thelr behalf by.. W J Emms (fwsteej
JOSEPH NICKERSON CHARfTABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Independent Examlmfs Report to th• Tritst88s of the Jos•ph Nlck•r8on Chritble Foundatlon I report on the acoxnts of the charity for the year erKl•J 30 1 2024 are 88t pages 7 to 13. R•sp8the rosponslbllMe8 Otbw$t•¢8 and examlner The chadty's tnjstses ar• r&8tK)nsitAe for thè weparation of Ihe azounts. The chartys tNstees conslder that an audit 15 not requi for this y8ar und8r s8(thn 144121 of ble Charitias Acl 201 I Ith8 2011 Act) and Ihat an Independent examin8tion is needed. It Is my rgsponsltrfllty to.. 8xamine 1he acc#)unts under gecoon 14S ofihe 2011 Art. folknw tho procedure8 J&ld dtr•m in th8 gen Dir8rbon8 gNen by th• ChBrity Commlsslon undgr 8ecb.cn 14515llbl of thè 2011 A¢¢ and ststa whathw p8rtioJl8r matt•r¥ have com• to my attention. Ba$ls of Ind•p•nd•nt •xamln•rf8 r•port My 6x8mlnalton was e8rrf•d out In aCCLYJgn¢& 4¥1th the g•nal Dirertions olvan by the Charty Commisslon. An examination indudes a review of Iho accoun.9 records k8pt by thg tharily and 8 comparlson of the accounts pre8ented with thts¥o rewds. It also inrjudes conslder8tion of 8ny unusual It8m$ or dlsclosuies In the accL)unts and $¢eking exF4anabons from yw as trusleas nCernIng any such m8tt8rs. The procaéures undert8k•n ¢Jo not prowda all thg evidence th8t would be requir8d In an audit and consgquenuy no opinion 13 given as io wh¢ihgr the acxounts wesent a InJ8 and fair view" and the report Ss limited to those rnatters sel ¢JJt 4n the ¥latsm8nt balow. Indapondent •xamIn•$ 8tat•m•nt I hsve COMpk8t my ex8mln8ti0n. l ihat no material matters hava corna io my att•nuon In conne¢tk)n With the examlnaison rna $8 tdlav• that in any m818ri81 respact to k••p 8c¢ounJrvJ in e¢cordaneé twlth 130 of th• 2011 Ad.. or to propore aco)(mts c1)I th• 4¢C4ymtthg and o)mpty th the aOuntn9 rnqviremenlg of lh8 2011 ACL" the accounts ¢Jo not compty the ar¥llicab wUlrts coneèming Iho form and eoniènl of arUnIS set ¢xrt In the Charitias IA¢cwnts and R4wrtsl Regulations 2008 Othgr Ihan any Wu1Ment that the dnts give a true and falr view whleh not a matter consid8rgd a8 part ofan Ind0denl wminAtyon. I have no Clen$ and hav• CO across no other mallor¥ In cnnn•thon with the exarnlnation to whlch attenfjon should be dra in this report In c¥d8r to on¥b a proper undèrstandirs ol the aeeounts ¢0 b8 reached. 8k* Stoth•nY FCA Haines Watts. Ch8rtered Accountants Date.-
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Statement of Financial Activities for the year ended 30 April 2024 Unrestricttd R•thcted Endowmgnt Funds Funds Funds Total 2024 Total 2023 Inetsmlng R8sourc•s Incorning resourcth Irc*n g)ttted fiJnd8.' Voluntary incoma Oonadons 8nd gifts Legacies Activities for generatlno fuThY$'. Merehandlsing incorne Investment incom& Incoming rasources from Charlb 8¢UvJttes'. Rents receed Net gain on dwal ol ffxed ass8ts 3.034 3.034 2.849 74,226 74,226 72,906 Total Incomlng r•$ourc•s 77.281 77.261 75.758 Ro•ource8 •xp•nd•d Charitablè adviti88 G0Vem&n costs (19,0401 154,403} 119,0401 166,9471 154.4031 121,3811 Totsl r••ourc•8 •xp•nded (73,4431 173.4431 188.3281 Not IrbcomSng resr I Ir•source6 exponded) eforo transf•rs 3.818 3,818 112,5721 Nel galnsllkjssesl and on investm¢n N•t movem•nt In fund• 71,116 71.116 1147,3001 74,934 74,394 1159,8721 Fund balances brought lowrd 8t 1 May 2023 1,829.792 1,829.792 1,989,664 Fund bolances ¢arrled fortv8rd at 30 ADrtI 2024 1..726 1,904,726 1.829.792 All of the ab¢)vè results ar8 d•rfv8d from continulrKJ a¢bMties. Al 98fns and kis¥ rwnls6d In th¢ year are includ•d at)ova.
JOSEPH NICKERSON CHARrrABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Charfty Balance Sheet as at 30 April 2024 2024 2023 Nots8 Flx•d assets T8ngible assets Invastm8nts 118AOO 120,1Crf) 1.747,046 1,676,109 1,865A46 1,798.209 Curr•nt as8& C8sh at bank and in hand 41275 35,615 42,275 35.615 Cr•dltorn: amounts f•lllng due wlthln ¢n• y••r 12,9951 12.0321 N•t curr•nt aM•ts 39.280 33,583 Totsl a8Sat• l••• curr•nt Il•bllJtl•8 1.904728 1,829,792 Crodltorn.. amounts falllng du• aft•rm¢x• than one y8¥r 1,904,726 1,829,792 Fund8'. Unr•8trfct•d lund8 General funds DesKJn8ted fun<ls 1,904,726 1.829,792 1.904,726 1,829.792 R98tdet•d fvnd• Total fund• 1.904.726 1,829,792 The financi815taiem•nts +Jn gè$ 7 to 12 were akvoved and 8uthoris8d for i8sue by the tmgtaes and glgned on Iheir bahalf by". W J Emm$, Truste Date
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Notes fomilng part of the financial statements for the year ended 30 Aprll 2024 A¢¢ountlng policle5 lal Basls of pr•p4ratton The flnancid ststemènts of th8 chawty. vthlth IB 8 public b•rofit entity und•r FRS 102, hav8 been prepared In aAyanCe tha ch8riti.es SORP IFRS 1021 'A¢countirg and Reportina by Charities.. Slat8rnenl of Recommended Practice applieab18 to charibes prepar¥ their acCnIS in accordance vAlh the Fln8ndal RertIng Standard applixblo in the UK and Republ of Ireland IFRS 1021 leffeclive 1 January 20151.. Flnanrial Reprytsng Stsrnlard 102'Th8 Financial Rewrln9 Stand8rd applicablo in the UK and Republic of Ir•land' and the Charities Ai# 2011. The fin8nck91 st8twnents have bgen prèpared under the historicHI cost rA)nvention vAlh the exwtion of Investt$ l¢J) ar8 k)du¢knl at markot Valuo. Ibl Fund acCoUnn9 General fvnds are unrgstrkted fvnds which arg avalLabkn for u$8 at the dtscrglon ol the trustees In furtheranc of th6 general otiecuves cd the thartty 8nd vthich havè nol boen (18gnad for othgr purpos•$. Dè¥lgnated fund¥ comprlso unr•¥trIJ fvTrJs that hav• be 8Ot a60dè by thè trusta•3 p8rt1eul8r purposas. Tha alm and usa of 8adTr dt$ignatad fvThJ is set ¢JJt in lh8 notes to the financial statemanis. R¥setsd ar8 funds which to b8 useij In ACCL)rdan¢e gp8cific resiri¢tions impostsd by donor¥ w whic have ralsad by tl)e charity ts partiojlar purposas. The mst of raislng and adminis18rlng 8Lteh funds arg chargod a98inst the speGificfvnd. Thè aim and uso of each rostrict8d fijnd 1$ 8•1 In the no¢e8 to the ffn8ndBI $ten1$. Endowrnant frsnds reprn8¢nt thos¢ ass Must hold pwm8nantly by the charity, principal Invaskn8nts. Income 8rfsiry on the endowrnenl ndS can be usod in aeeordanca th tho obj6ci$ of thé charity and is Includ8d as unrastricted Inrna. Any ¢apit81 gains or bsses ad$lng on the Inv•slm•nls fom part of the lund. Inve8tm&)I m8nagoment ch8rges and legal rl8tirwd to lh• fund are ¢harg$d agalngt the fund. Invè8lment Incom and o•ln8 ar• alknatsd to th• ppr0)rf• fund. Icl Ineomlng r•sour I InrnIng reSrS ars Indud*d In th• SOFA th thg th8rfty ts legalty entlljed to thè Income and the amount e8n be quantffièd with reasonable accur8Gy. For legaaès, entitlèrnant is Ihe 88rf1gr of the charity bèing notffied of an impending di3tn"bution or the legaty belng rg¢dvthJ. G1ft8 In nd donated for dlstribullon are Induded at valuation and rècognlsed 8$ Irtce when Ihoy ar8 distributed to the proj•oty. Gfft¥ donated for ra50 ar¢ IndUd as Incomo when thoy are sdd. Donatsd facilities ar8 includ&J at the value to the charity where this bè quantthed arml a thlrd party 1$ bearing the cost. No amounts ar• induded in the fin8n081 slat&nènts kn swvkes donalad by volunteers.
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Idl R•8ources expended All axpendtture is aco)unted for on an accruajs basis and has been dassffied under h8aOings that aggregate all costs r8Lgted to the category. whe costs cannot be direcuy 81tnbuted to pafa"cu18r headings they have been alktated to thNiÈs on a basis c¥n&stenl vAth use of the resour$. Ptemises overheads have been alkated on a fkr 8rea basis and other overtrwds have been allocakd the basis of the head rA)unt. Fund-raisirvJ ar8 those in(Jjr in sedting vduntsry contiibutFons and not Include the o)sts of disseminating informath)n in supwjrt of the tharrlable tTties. Suprx)rt costs are those costs ineuTred diredy in ofexpeTrdlre on th8 objects of the tharity and include projed management carried out at Headquarters. Manag8menl and a(Jmillistrats"on cx)Sts a tFk)se inCued in Cx)nnectiC wth administration ofthe charity aThJ cornplrarKe wth QYSStiti0rl 8rK1 stabjw requirements. Tanglbje fixed assets and depreclabon (el Tangib fixed as*ts rA)sting more than £1.000 ara capitalised 8nO inclu¢Jed at cost Induding any incKltal eXnSeS of acquisrbon. DeprecAation is provlded on all tsngible fixed ass8ts at r8tes cal¢ulated to write off Ihe cost on a straight line basis over thr expectad usefvl economic lives as folkxvs.. Freehold land Fre8hobJ buildsngs over SJ yea ifj Investments InvesinEnts 8re stated at market lue at the balance She date. The SOFA includes the net galns and 105ses arisirvJ on revaluations and di$saI$ Ihrwghout the year. Inv•sknent inGorne 2024 2023 Diwidends & interest r&&vab18 frcyn investments and unit Ists 74,226 72,906 74.226 72.906 10
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Totsi rnSOur exponded I18r Alloeated Costs Stsff Costs roct Total 2024 Total 2023 Charitable ActNfoes 8uilding costs Merth8ndi&ng sts Investment managem•ni fees Residential care costs Childcare Ern8rg8ncy s8M Inform&tlon and educ81kn Support costs Managomenl and &d[nLtratic 19.iJ40 19,040 44.002 66.947 5.950 4.034 3.474 6.367 6.367 11,957 Tot81 resources 8xpand 73.443 73,443 88,328 Comparntlva$ for thè Stst•m•nt of Flnandal A¢tMtE•• Unr•iirfet•d R•strtct•d Endowm•nt Tot•1 Fund• Fund• Fund8 Funds Incomlng R•8ourc•8 In¢oming résourc•s fTc¥n neIe fi¥nds.' Voluntary income Donolk)n8 and oSft3 Legacies Act[1186 for g8nerottng fvnds M8rchandiwng ineome Investmon¢ Incom¥ 2.849 2.849 72.906 72,908 Incoming restrJrc•$ from tharilabl• a¢ivitles'. Rentg recelv8d Nèi gain dl8posal of flx&J a$88ts Total 75.756 75.756 Re•ource8 •xp•nded Charitable a1VIl•S Govem8nce cost8 166,9471 121.3811 166.9471 121.3811 Total r••ots$ •xpend•d 188,3281 188,3281 Net Incomlng rnwurces l frUrces) Exp8ndedl befo transfers (12,5721 {12,5721 Net g21nWllossesl and revahJaDons on investrn8nts 1147.3001 1147.3001 Net movement In funds 1159.8721 {159.8721 Fund balances brought forward 1.989.664 1,989.864 Fund balantss rried forwa¥d 1.829,792 1,829,792
JOSEPH NICKERSON CHARrrABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Tanglblè fixed assets Fr•ohold land and bulldinqg Total cost At1May2 Additions DSsposaL8 132,C0 132,OCM) At 30 Aprjl 2024 132,000 132.OLTh) Depr•elatlon At 1 May 2023 Charge for ygar Dlsposajs 11,9C#J 1,7 11,9)0 1,700 At 30 Aprfl 2024 11.900 11,10 N•t book vBlue at 30 Aprfl 2024 118.400 118.400 At 30 Aprfl 2023 120.100 120.100 Induded In fr¥ehold land 8nd bulkliws at Iwstork etht bas•d t)n Cat• value wh&n recelvtd by th8 eharfly aro Th8 Vllla Farmhouse at £85.000. agrbJltur81 Lgnd 8t Re8d8 IslAnd at £40.C4)O aThJ land In Rtsihwell vlllage known loealty as Ihe playgroun¢J at £7.000. Cr•dltor•: •mounts folllno du• wlthln on• y•ar 2024 2023 Accrua and deforrad Incom8 2,995 2,032 2.995 2,032 Stat•m•nt of funds At1 May 2023 Invtstment kncorn• exwdluT• galn¥lL08 At 30 Apdl 2024 Tr&nsfvr8 G8n•ral res•rv• 1,829.792 77,281 {73.4431 71.116 1,904,726 Total unr•strt¢ted funds1.829,792 77.261 173,4431 71.116 1,904726 Totsl funds 1.829,7W2 77.281 173,4431 71.116 1,904.726 The General r888rve IreSents th8 fre8fvnds of the th8Iity thich arè Th)t d8slgnatsd for P8CUlar pvrr>%es. 12
Joseph Nickerson Charitable Foundation Report and Finanaal Statements Year ended: 30 April 2024 Chartty no: 276429 Haln8s Watts Chartered Accountants Hanover House 117- 119 Cleethorpe Road Grimsby N E Lincolnshire DN313ET
Contents Pages Legal and administrauve infomiation Report of the trustees 4-5 Examiners, Report Statement of financlal acttvities Balance Sheet Not8s fomiing part of the finanaal 8tstements 12
LEGAL AND ADMINISTRATIVE DEfAILS Trustees.. Lady Eugenie Nickerson Louise Josephine Baltesz Edward Robert Nickerson William Jeffrey Emms Registered Office.. Villa Office Rothwell Market Rasen Lincolnshire LN7 6BJ Examiners: Haines Watts, Chartered Accountants 117 - 119 Cleethorpe Road Grimsby, DN313 Bankers: Lloyds Mercer Row Louth Investment Managers: Cazenove Capital Management Limtted 12 Moorgate London EC2R 6DA
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Report of the trustees for tho year ended 30 Aprll 2024 The trustees have pte8$ure in presenting their annual reFth and financial st8tsments of the charty. Reference and admlnlstratlva detalls of the charity. its trustees and advisers Referee and administrative details are shown in the schedule on pag8 3 of the financial statements. The Trustees The trustees who served the charity during the year were as follows: Lady Eltgenie Nickerson Louise Josephine 8altesz Edward Robert Nickerson William Jeffrey Emms Structure The Joseph Nicketson Charitsble Foundation is an unincorporated cha¥rty govemed by 8 twst daed registered with the Charity Commiss. Objectlves and activltEgs The income and capital of the charity is held on trust for such charitable pUrpOS, charitable institutions or charttable foundations situated wtlhirh the Uniied lfjngdom as the Trustees may determine from time lo time and which are in accordance with the Charity's objectives as set out in the said trust deed. Achlevements and performanc8 The charity has continued to make various hjcal communty and educatk)n81 grants during the period. Finan¢lal review The charity is in a sound financial posttton with substantial resrceS which will extend the scope for donations in the future. Plans for future periods The charity will continue its charit2ble objecttves 8SSiSted by the increased resources at its disposal. Tru$teas' Respon$lbS1ities The trustees are responsible for preparing the TTUStees' Annual Report and tha flnan¢ial statements in accordance wth applicable law and unit lQngdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Practice). The law applicable to charrthes in England & Wales wuires the trustees to prepare financial stslements for each financial year which give a true and fair view of the state of affairs of the tharity and of the incoming resources and application of resources of tha chaiity for thal peric<S. In preparing these finan¢ial statements, the trustees are required to: Select suTtable accounting policies and then apply them consistently- Observe the methods and prinuples in the Charities SORP- Make judgments and ests"mates that are reasonable and prudent- Stale whglhar applicable accounb.ng standards have been followéd, subject lo any material departures disclosed and explained in the financial statèments., Prepare the finan¢ial statements on the going conrn basis unless It is in8ppropri8le lo pSume that the charity wll continue in operation.
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Report of the trustees for the ytsr ended 30 April 2024 {contlnued) The kniJstees are r9SFonSlb for keeping proper aCntIng records that élsclose wSth reasonable 8ecuracy at any time the finanaal positson of the charity and enable them to ensure that the financial slalements compty wrth the Chartties Act 2011. the Chaiity {Aejnts and RekX)rtsl Regulations 21X)8 and the provisions of the trust deed. They are also rasponsible for s81eguarding the assets of the charity and hance f¢x taking reasonable Steps for the Fffevontion and detectron of fraud 8nd other Irregularili&s. Indop•nd6nt Examln•rs Haines Watts. Chartered Accountsnts were re-appointed as indep8nd6nt examiners durtng Ihfr year. Thls report was apwoved by th6 Trustees on and signed on thelr behalf by.. W J Emms (fwsteej
JOSEPH NICKERSON CHARfTABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Independent Examlmfs Report to th• Tritst88s of the Jos•ph Nlck•r8on Chritble Foundatlon I report on the acoxnts of the charity for the year erKl•J 30 1 2024 are 88t pages 7 to 13. R•sp8the rosponslbllMe8 Otbw$t•¢8 and examlner The chadty's tnjstses ar• r&8tK)nsitAe for thè weparation of Ihe azounts. The chartys tNstees conslder that an audit 15 not requi for this y8ar und8r s8(thn 144121 of ble Charitias Acl 201 I Ith8 2011 Act) and Ihat an Independent examin8tion is needed. It Is my rgsponsltrfllty to.. 8xamine 1he acc#)unts under gecoon 14S ofihe 2011 Art. folknw tho procedure8 J&ld dtr•m in th8 gen Dir8rbon8 gNen by th• ChBrity Commlsslon undgr 8ecb.cn 14515llbl of thè 2011 A¢¢ and ststa whathw p8rtioJl8r matt•r¥ have com• to my attention. Ba$ls of Ind•p•nd•nt •xamln•rf8 r•port My 6x8mlnalton was e8rrf•d out In aCCLYJgn¢& 4¥1th the g•nal Dirertions olvan by the Charty Commisslon. An examination indudes a review of Iho accoun.9 records k8pt by thg tharily and 8 comparlson of the accounts pre8ented with thts¥o rewds. It also inrjudes conslder8tion of 8ny unusual It8m$ or dlsclosuies In the accL)unts and $¢eking exF4anabons from yw as trusleas nCernIng any such m8tt8rs. The procaéures undert8k•n ¢Jo not prowda all thg evidence th8t would be requir8d In an audit and consgquenuy no opinion 13 given as io wh¢ihgr the acxounts wesent a InJ8 and fair view" and the report Ss limited to those rnatters sel ¢JJt 4n the ¥latsm8nt balow. Indapondent •xamIn•$ 8tat•m•nt I hsve COMpk8t my ex8mln8ti0n. l ihat no material matters hava corna io my att•nuon In conne¢tk)n With the examlnaison rna $8 tdlav• that in any m818ri81 respact to k••p 8c¢ounJrvJ in e¢cordaneé twlth 130 of th• 2011 Ad.. or to propore aco)(mts c1)I th• 4¢C4ymtthg and o)mpty th the aOuntn9 rnqviremenlg of lh8 2011 ACL" the accounts ¢Jo not compty the ar¥llicab wUlrts coneèming Iho form and eoniènl of arUnIS set ¢xrt In the Charitias IA¢cwnts and R4wrtsl Regulations 2008 Othgr Ihan any Wu1Ment that the dnts give a true and falr view whleh not a matter consid8rgd a8 part ofan Ind0denl wminAtyon. I have no Clen$ and hav• CO across no other mallor¥ In cnnn•thon with the exarnlnation to whlch attenfjon should be dra in this report In c¥d8r to on¥b a proper undèrstandirs ol the aeeounts ¢0 b8 reached. 8k* Stoth•nY FCA Haines Watts. Ch8rtered Accountants Date.-
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Statement of Financial Activities for the year ended 30 April 2024 Unrestricttd R•thcted Endowmgnt Funds Funds Funds Total 2024 Total 2023 Inetsmlng R8sourc•s Incorning resourcth Irc*n g)ttted fiJnd8.' Voluntary incoma Oonadons 8nd gifts Legacies Activities for generatlno fuThY$'. Merehandlsing incorne Investment incom& Incoming rasources from Charlb 8¢UvJttes'. Rents receed Net gain on dwal ol ffxed ass8ts 3.034 3.034 2.849 74,226 74,226 72,906 Total Incomlng r•$ourc•s 77.281 77.261 75.758 Ro•ource8 •xp•nd•d Charitablè adviti88 G0Vem&n costs (19,0401 154,403} 119,0401 166,9471 154.4031 121,3811 Totsl r••ourc•8 •xp•nded (73,4431 173.4431 188.3281 Not IrbcomSng resr I Ir•source6 exponded) eforo transf•rs 3.818 3,818 112,5721 Nel galnsllkjssesl and on investm¢n N•t movem•nt In fund• 71,116 71.116 1147,3001 74,934 74,394 1159,8721 Fund balances brought lowrd 8t 1 May 2023 1,829.792 1,829.792 1,989,664 Fund bolances ¢arrled fortv8rd at 30 ADrtI 2024 1..726 1,904,726 1.829.792 All of the ab¢)vè results ar8 d•rfv8d from continulrKJ a¢bMties. Al 98fns and kis¥ rwnls6d In th¢ year are includ•d at)ova.
JOSEPH NICKERSON CHARrrABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Charfty Balance Sheet as at 30 April 2024 2024 2023 Nots8 Flx•d assets T8ngible assets Invastm8nts 118AOO 120,1Crf) 1.747,046 1,676,109 1,865A46 1,798.209 Curr•nt as8& C8sh at bank and in hand 41275 35,615 42,275 35.615 Cr•dltorn: amounts f•lllng due wlthln ¢n• y••r 12,9951 12.0321 N•t curr•nt aM•ts 39.280 33,583 Totsl a8Sat• l••• curr•nt Il•bllJtl•8 1.904728 1,829,792 Crodltorn.. amounts falllng du• aft•rm¢x• than one y8¥r 1,904,726 1,829,792 Fund8'. Unr•8trfct•d lund8 General funds DesKJn8ted fun<ls 1,904,726 1.829,792 1.904,726 1,829.792 R98tdet•d fvnd• Total fund• 1.904.726 1,829,792 The financi815taiem•nts +Jn gè$ 7 to 12 were akvoved and 8uthoris8d for i8sue by the tmgtaes and glgned on Iheir bahalf by". W J Emm$, Truste Date
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Notes fomilng part of the financial statements for the year ended 30 Aprll 2024 A¢¢ountlng policle5 lal Basls of pr•p4ratton The flnancid ststemènts of th8 chawty. vthlth IB 8 public b•rofit entity und•r FRS 102, hav8 been prepared In aAyanCe tha ch8riti.es SORP IFRS 1021 'A¢countirg and Reportina by Charities.. Slat8rnenl of Recommended Practice applieab18 to charibes prepar¥ their acCnIS in accordance vAlh the Fln8ndal RertIng Standard applixblo in the UK and Republ of Ireland IFRS 1021 leffeclive 1 January 20151.. Flnanrial Reprytsng Stsrnlard 102'Th8 Financial Rewrln9 Stand8rd applicablo in the UK and Republic of Ir•land' and the Charities Ai# 2011. The fin8nck91 st8twnents have bgen prèpared under the historicHI cost rA)nvention vAlh the exwtion of Investt$ l¢J) ar8 k)du¢knl at markot Valuo. Ibl Fund acCoUnn9 General fvnds are unrgstrkted fvnds which arg avalLabkn for u$8 at the dtscrglon ol the trustees In furtheranc of th6 general otiecuves cd the thartty 8nd vthich havè nol boen (18gnad for othgr purpos•$. Dè¥lgnated fund¥ comprlso unr•¥trIJ fvTrJs that hav• be 8Ot a60dè by thè trusta•3 p8rt1eul8r purposas. Tha alm and usa of 8adTr dt$ignatad fvThJ is set ¢JJt in lh8 notes to the financial statemanis. R¥setsd ar8 funds which to b8 useij In ACCL)rdan¢e gp8cific resiri¢tions impostsd by donor¥ w whic have ralsad by tl)e charity ts partiojlar purposas. The mst of raislng and adminis18rlng 8Lteh funds arg chargod a98inst the speGificfvnd. Thè aim and uso of each rostrict8d fijnd 1$ 8•1 In the no¢e8 to the ffn8ndBI $ten1$. Endowrnant frsnds reprn8¢nt thos¢ ass Must hold pwm8nantly by the charity, principal Invaskn8nts. Income 8rfsiry on the endowrnenl ndS can be usod in aeeordanca th tho obj6ci$ of thé charity and is Includ8d as unrastricted Inrna. Any ¢apit81 gains or bsses ad$lng on the Inv•slm•nls fom part of the lund. Inve8tm&)I m8nagoment ch8rges and legal rl8tirwd to lh• fund are ¢harg$d agalngt the fund. Invè8lment Incom and o•ln8 ar• alknatsd to th• ppr0)rf• fund. Icl Ineomlng r•sour I InrnIng reSrS ars Indud*d In th• SOFA th thg th8rfty ts legalty entlljed to thè Income and the amount e8n be quantffièd with reasonable accur8Gy. For legaaès, entitlèrnant is Ihe 88rf1gr of the charity bèing notffied of an impending di3tn"bution or the legaty belng rg¢dvthJ. G1ft8 In nd donated for dlstribullon are Induded at valuation and rècognlsed 8$ Irtce when Ihoy ar8 distributed to the proj•oty. Gfft¥ donated for ra50 ar¢ IndUd as Incomo when thoy are sdd. Donatsd facilities ar8 includ&J at the value to the charity where this bè quantthed arml a thlrd party 1$ bearing the cost. No amounts ar• induded in the fin8n081 slat&nènts kn swvkes donalad by volunteers.
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Idl R•8ources expended All axpendtture is aco)unted for on an accruajs basis and has been dassffied under h8aOings that aggregate all costs r8Lgted to the category. whe costs cannot be direcuy 81tnbuted to pafa"cu18r headings they have been alktated to thNiÈs on a basis c¥n&stenl vAth use of the resour$. Ptemises overheads have been alkated on a fkr 8rea basis and other overtrwds have been allocakd the basis of the head rA)unt. Fund-raisirvJ ar8 those in(Jjr in sedting vduntsry contiibutFons and not Include the o)sts of disseminating informath)n in supwjrt of the tharrlable tTties. Suprx)rt costs are those costs ineuTred diredy in ofexpeTrdlre on th8 objects of the tharity and include projed management carried out at Headquarters. Manag8menl and a(Jmillistrats"on cx)Sts a tFk)se inCued in Cx)nnectiC wth administration ofthe charity aThJ cornplrarKe wth QYSStiti0rl 8rK1 stabjw requirements. Tanglbje fixed assets and depreclabon (el Tangib fixed as*ts rA)sting more than £1.000 ara capitalised 8nO inclu¢Jed at cost Induding any incKltal eXnSeS of acquisrbon. DeprecAation is provlded on all tsngible fixed ass8ts at r8tes cal¢ulated to write off Ihe cost on a straight line basis over thr expectad usefvl economic lives as folkxvs.. Freehold land Fre8hobJ buildsngs over SJ yea ifj Investments InvesinEnts 8re stated at market lue at the balance She date. The SOFA includes the net galns and 105ses arisirvJ on revaluations and di$saI$ Ihrwghout the year. Inv•sknent inGorne 2024 2023 Diwidends & interest r&&vab18 frcyn investments and unit Ists 74,226 72,906 74.226 72.906 10
JOSEPH NICKERSON CHARITABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Totsi rnSOur exponded I18r Alloeated Costs Stsff Costs roct Total 2024 Total 2023 Charitable ActNfoes 8uilding costs Merth8ndi&ng sts Investment managem•ni fees Residential care costs Childcare Ern8rg8ncy s8M Inform&tlon and educ81kn Support costs Managomenl and &d[nLtratic 19.iJ40 19,040 44.002 66.947 5.950 4.034 3.474 6.367 6.367 11,957 Tot81 resources 8xpand 73.443 73,443 88,328 Comparntlva$ for thè Stst•m•nt of Flnandal A¢tMtE•• Unr•iirfet•d R•strtct•d Endowm•nt Tot•1 Fund• Fund• Fund8 Funds Incomlng R•8ourc•8 In¢oming résourc•s fTc¥n neIe fi¥nds.' Voluntary income Donolk)n8 and oSft3 Legacies Act[1186 for g8nerottng fvnds M8rchandiwng ineome Investmon¢ Incom¥ 2.849 2.849 72.906 72,908 Incoming restrJrc•$ from tharilabl• a¢ivitles'. Rentg recelv8d Nèi gain dl8posal of flx&J a$88ts Total 75.756 75.756 Re•ource8 •xp•nded Charitable a1VIl•S Govem8nce cost8 166,9471 121.3811 166.9471 121.3811 Total r••ots$ •xpend•d 188,3281 188,3281 Net Incomlng rnwurces l frUrces) Exp8ndedl befo transfers (12,5721 {12,5721 Net g21nWllossesl and revahJaDons on investrn8nts 1147.3001 1147.3001 Net movement In funds 1159.8721 {159.8721 Fund balances brought forward 1.989.664 1,989.864 Fund balantss rried forwa¥d 1.829,792 1,829,792
JOSEPH NICKERSON CHARrrABLE FOUNDATION YEAR ENDED 30 APRIL 2024 Tanglblè fixed assets Fr•ohold land and bulldinqg Total cost At1May2 Additions DSsposaL8 132,C0 132,OCM) At 30 Aprjl 2024 132,000 132.OLTh) Depr•elatlon At 1 May 2023 Charge for ygar Dlsposajs 11,9C#J 1,7 11,9)0 1,700 At 30 Aprfl 2024 11.900 11,10 N•t book vBlue at 30 Aprfl 2024 118.400 118.400 At 30 Aprfl 2023 120.100 120.100 Induded In fr¥ehold land 8nd bulkliws at Iwstork etht bas•d t)n Cat• value wh&n recelvtd by th8 eharfly aro Th8 Vllla Farmhouse at £85.000. agrbJltur81 Lgnd 8t Re8d8 IslAnd at £40.C4)O aThJ land In Rtsihwell vlllage known loealty as Ihe playgroun¢J at £7.000. Cr•dltor•: •mounts folllno du• wlthln on• y•ar 2024 2023 Accrua and deforrad Incom8 2,995 2,032 2.995 2,032 Stat•m•nt of funds At1 May 2023 Invtstment kncorn• exwdluT• galn¥lL08 At 30 Apdl 2024 Tr&nsfvr8 G8n•ral res•rv• 1,829.792 77,281 {73.4431 71.116 1,904,726 Total unr•strt¢ted funds1.829,792 77.261 173,4431 71.116 1,904726 Totsl funds 1.829,7W2 77.281 173,4431 71.116 1,904.726 The General r888rve IreSents th8 fre8fvnds of the th8Iity thich arè Th)t d8slgnatsd for P8CUlar pvrr>%es. 12