Charity number: 293720
The Jonathan Conville Memorial Trust
(A Charity governed by its constitution, charity number 293720)
Financial Statements and Trustees' Report
for the year ended 31 December 2023
AT The Jonathan Conville Memorial Trust
(A Charity governed by its constitution, charity number 293720)
Index to the Financial Statements for the year ended 31 December 2023
| Page | |
|---|---|
| Index to the Financial Statements | 2 |
| Charitable company Information | 3 |
| Trustees' Report | 4 - 5 |
| Trustees' Responsibilities Statement | 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Statement of Cash Flows | 10 |
| Accounting Policies | 11 |
| Notes to the Accounts | 12 - 15 |
Page 2
AT The Jonathan Conville Memorial Trust
(A Charity governed by its constitution, charity number 293720)
Charitable company Information
for the year ended 31 December 2023
| Status: | The Jonathan Conville Memorial Trust is a charitable trust governed by its Trust Deed. | The Jonathan Conville Memorial Trust is a charitable trust governed by its Trust Deed. |
|---|---|---|
| Charity name: | The Jonathan Conville Memorial Trust | |
| Charity registration number: | 293720 | |
| Registered office: | Abingdon House | |
| Gorse Lane | ||
| Chobham | ||
| Surrey | ||
| GU24 8RB | ||
| Operations address: | Abingdon House | |
| Gorse Lane | ||
| Chobham | ||
| Surrey | ||
| GU24 8RB | ||
| Trustees who held office | Adam Butterworth | - Appointed 16 October 2021 |
| during the year: | Chris Dodd | - Appointed 21 January 1990 |
| Andrew Don | - Appointed 8 January 1986 | |
| Jon Garside | - Appointed 20 February 2019 | |
| Amy Illingworth | - Appointed 13 December 2017 | |
| Sue Louise | - Appointed 16 October 2021 | |
| Neil McAdie | - Appointed 16 October 2021 | |
| Tom Skelhon | - Appointed 16 October 2021 | |
| Katrina Taee | - Appointed 5 February 1995 | |
| 0 | ||
| David Draper was appointed as a trustee on 24 January 1993 and resigned on 14 | ||
| October 2021. He was made an | honorary trustee on 14 October 2021 in recognition of his | |
| ongoing support of, and work for, the Trust. | ||
| Patrons: | Sir Christian Bonnington CBE | |
| 0 | Andy Cave | |
| Independent Examiner: | Anthony Armstrong FCA | |
| Armstrong & Co | ||
| Chartered Accountants & Statutory Auditor | ||
| 4a Printing House Yard | ||
| Hackney Road | ||
| London E2 7PR | ||
| Bankers: | CAF Bank | |
| 25 Kings Hill Avenue | ||
| Kings Hill | ||
| West Malling | ||
| Kent ME19 4JQ |
Page 3
(A Charity governed by its constitution, charity number 293720)
AT The Jonathan Conville Memorial Trust
Trustees' Report
for the year ended 31 December 2023
The Trustees of The Jonathan Conville Memorial Trust present their report together with the financial statements for the year ended 31 December 2023.
Trustees
The Trustees of the charity who held office during the year are disclosed on page 3.
Structure, Governance and Management
The Trust was created by a Deed, dated 8th January, 1986.
The Trust is run by a board of Trustees made up of the Chair (Neil McAdie), a Financial Sub-Committee (Sue Louise, Amy Illingworth and Neil McAdie). Two Selection Committees, one for the Alpine Course and one for our Alpine Preparation Courses in Wales were led by Trustees, Chris Dodd and Jon Garside respectively. Katrina Taee, a member of the Conville family, is a Trustee. In addition, 7 members of the Board are, or have been, climbers of differing levels and are able to bring those experiences to the Board.
Our Annual General Meeting was conducted on site at the offices of The British Mountaineering Council in November 2023. Decision making is done by majority vote. Follow-up administrative work and meetings continued throughout the year as needed. When required, we co-opt key experts and representatives from the professional world of climbing to advise us on our work and our two Patrons, Sir Christian Bonington CBE and Andy Cave are both well known in the climbing world.
We have a close working relationship with the British Mountaineering Council. We are pleased to work with Neil Johnson, UIAGM/IFMGA, of Peak Mountain Training, who administers our courses and sources the professional guides to teach our participants. Peak Mountain Training brings a high level of expertise to the Trust which is greatly valued by us and our students. We are grateful for continued generous financial support from the Scottish Mountaineering Trust and The British Mountaineering Council and also for a recent commitment from The Alpine Club to provide similar support.
Risk mitigation
The board has examined the principal areas of the charity's operations and considered the major risks which may arise in each of these areas. In the opinion of the trustees the charity has established resources and review systems which, under normal conditions, should allow the risks identified by them to be mitigated to an acceptable level in its day to day operations.
Objectives and activities for the public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
The objectives of the Trust remain as they always have, to provide mountaineering safety training to young people between 18 and 30 years of age. The objective is to enable these young people to develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society and to instruct and assist them in their chosen activity. Preference is given to young people who would otherwise be unable to afford such training and instruction.
In 2023 we were delighted to be able to deliver all of our courses as planned, following an interrupted programme in the previous 2 years due to Covid restrictions.
Scottish Mountain Courses
The winter courses take place in the Cairngorms during January and bridge the gap between summer climbing/walking and winter mountaineering. The ratio is one instructor to six participants, and it is two days in duration. The courses cover use of ice axe and crampons, navigation, avalanche assessment and problem avoidance and were delivered to 60 students.
Alpine Courses, France
The Alpine Courses are held in Argentiere, France, with 120 students attending and successfully completing one of the three-day courses. These courses are based in the Chamonix Valley in June and July and are for climbers and mountaineers who already have experience of British climbing or mountaineering but who now want
to climb in the Alps. The emphasis is on an introduction to glacier travel, crevasse rescue, avalanche assessment, use of equipment, alpine mountaineering, moving together in alpine terrain and importantly, route planning.
Page 4
(A Charity governed by its constitution, charity number 293720)
AT The Jonathan Conville Memorial Trust
Trustees' Report
for the year ended 31 December 2023
Alpine Skills Course, Wales
The Alpine Skills Course is hosted in North Wales in May, and provides a low barrier to entry weekend course to instruct climbers in the basic skills required for mountaineering. Being UK based, it makes the course accessible to those who do not have the time or finances to travel abroad. The 2023 course was attended by 36 young climbers.
Plans for 2024
In 2024 the Trust plans to operate the Scottish Winter, the Alpine Preparation (in Wales) and the Chamonix based summer Alpine Mountaineering courses using the same proven formula as in previous years. There will be a slight reduction in numbers on the summer Alpine Mountaineering course, from 120 in 2023 to 102 in 2024. Although this number is a reduction on the exceptional 2023 figure, it is historically high. The number of applications for 2024 are at record levels at 865 for the 204 places across our 3 courses.
We plan to expand our number of trustees from 9 to 10 during 2024 by bringing in Ashley Kemball-Cook who has commercial and corporate experience as well as being an Alpine Mountaineer.
Discussions are ongoing with an outdoor clothing and equipment brand about a possible sponsorship agreement which, if successful, would bring a financial benefit, equipment deals and profile raising to the work of the trust.
Financial Review
Our investment advisors, Quilter Cheviot Limited, are instructed to invest to maximise the total return of the endowment fund within the medium to low-risk investment portfolio.
The trustees have established a policy for withdrawal of the investment income received to continue with the activities of the charity but also to maintain the level of investments held within the portfolio for sustainability and growth. The Chair, Neil McAdie and Treasurer, Sue Louise had a virtual meeting with our Account Manager at Quilter Cheviot in London to review the strategy and ensure that the investments are ethical and sustainable.
Results for the year
In December 2023, fixed asset investments carried at a value of £345,441 were disposed of for £365,103. In the same month £366,106 was reinvested in new assets. The value of the fixed asset investments at 31 December 2023 was £369,163
The balance on the short term investments in cash at 31 December 2022 was £2 (2021: £1,120).
The results of the period and financial position of the charity are shown in the annexed financial statements.
The Statement of Financial Activities shows net income for the year of £6,514 and reserves of £376,013.
Tangible fixed assets for use by the charity.
Fixed assets are set out in Note 9 to the accounts.
Reserves Policy
The trustees seek to maintain at least one years expenditure in general funds in order to give reasonable certainty and continuity to their medium term objectives and to support their beneficiaries. Fixed asset investments are represented by a designated fund account set up to ring fence the fixed asset investments held to generate income to support the day to day activities of the Trust.
Independent Examiner
The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, Chartered Accountant and Statutory Auditor, has indicated his willingness to be proposed for re-appointment.
The financial statements were approved by the Board of Trustees on 9 May 2024 and signed on its behalf by:
Sue Louise Trustee
Page 5
(A Charity governed by its constitution, charity number 293720)
AT The Jonathan Conville Memorial Trust
Trustees' Responsibilities Statement for the year ended 31 December 2023
The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are required by law to prepare financial statements for each financial period which give a true and fair view of the financial activities of the charity and of its financial position at the end of that period. In preparing those financial statements the trustees are required to:
-
a) Select suitable accounting policies and apply them consistently;
-
b) Observe the methods and principles in the Charities SORP;
-
c) Make judgements and estimates that are reasonable and prudent;
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d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
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e) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
AT The Jonathan Conville Memorial Trust
(A Charity governed by its constitution, charity number 293720)
Independent Examiner's Report to the Charity Trustees of The Jonathan Conville Memorial Trust
I report on the accounts of The Jonathan Conville Memorial Trust for the period from 1 January 2023 to 31 December 2023, which are set out on pages 8 to 15.
This report is made solely to the charity's trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity's trustees as a body, for my examination, for this report, or for the opinions I have formed.
Respective responsibilities of trustees and examiner
As described on page 6, the trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination, it is my responsibility to:
-
a) examine the accounts under section 145 of the 2011 Act,
-
b) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and
-
c) to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony Armstrong FCA, Independent Examiner of Armstrong & Co Chartered Accountants & Statutory Auditor
4a Printing House Yard Hackney Road London E2 7PR
Dated: 9 May 2024
Page 7
(A Charity governed by its constitution, charity number 293720)
FS The Jonathan Conville Memorial Trust
Statement of Financial Activities
for the year ended 31 December 2023
| Notes Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 6 Total expenditure Total income less total expenditure Net gains/(losses) on investments 9 Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets 9 Net movement in funds Reconciliation of funds: Total funds brought forward 15 Total funds carried forward 14 Net income/(expenditure) |
2023 2022 Total Funds Total Funds £ £ 7,729 407 32,054 17,280 11,455 11,087 51,238 28,774 64,386 39,287 64,386 39,287 (13,148) (10,513) 19,662 - 6,514 (10,513.00) 3,057 (54,918) 9,571 (65,431) 366,442 431,873 376,013 366,442 |
||
|---|---|---|---|
| Unrestricted Funds |
Restricted Funds |
||
| £ 7,729 32,054 11,455 |
£ - - - - - - - - - - - - - |
||
| 51,238 | |||
| 64,386 | |||
| 64,386 | |||
| (13,148) 19,662 |
|||
| 6,514 3,057 |
|||
| 9,571 366,442 |
|||
| 376,013 |
All incoming resources and resources expended are derived from continuing activities. There are no gains and losses other than those noted above and therefore no separate statement of total recognised gains and losses has been prepared.
The accompanying accounting policies and notes form an integral part of these financial statements.
Page 8
The Jonathan Conville Memorial Trust
(A Charity governed by its constitution, charity number 293720)
Statement of Financial Position
as at 31 December 2023
| Notes Fixed assets: Investments 9 Total fixed assets Current assets: Investments 10 Debtors 11 Cash at bank and in hand Total current assets 13 Net current assets/(liabilities) Total net assets The funds of the charity: Unrestricted income funds 14 Total charity funds 20 Creditors: amounts falling due within one year |
£ £ £ £ 369,163 345,441 369,163 345,441 2 1,012 10 - 10,767 21,760 10,779 22,772 3,929 1,771 6,850 21,001 376,013 366,442 376,013 366,442 376,013 366,442 31 December 2023 31 December 2022 |
£ £ £ £ 369,163 345,441 369,163 345,441 2 1,012 10 - 10,767 21,760 10,779 22,772 3,929 1,771 6,850 21,001 376,013 366,442 376,013 366,442 376,013 366,442 31 December 2023 31 December 2022 |
|---|---|---|
| £ 2 10 10,767 10,779 3,929 |
£ 345,441 |
|
| 345,441 21,001 |
||
| 366,442 | ||
| 366,442 | ||
| 366,442 |
The financial statements were approved by the Board of Trustees on 9 May 2024 and signed on its behalf by:
Sue Louise Trustee
The notes on pages 11 to 15 form part of these accounts.
Page 9
The Jonathan Conville Memorial Trust
(A Charity governed by its constitution, charity number 293720)
Statement of Cash Flows
for the year ended 31 December 2023
| Notes Cash flows from operating activities: Net cash provided by/(used in) operating activities 1 Cash flows from investing activities: Dividends, interest and rents from investments Proceeds from sale of investments Purchase of investments Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 Notes to the Cash Flow Statement 1) Adjustments for: Dividends, interest and rents from investments (Increase)/decrease in stocks and work in progress (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating activities 2) Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents Reconciliation of net income/(expenditure) to net cash flow from operating activities Net income/(expenditure) for the reporting period (as per the statement of financial activities) |
2023 £ (1,783) 11,455 345,441 (366,106) (9,210) (10,993) 21,760 10,767 2023 £ 6,514 (11,455) 1,010 (10) 2,158 (1,783) 2023 £ 10,767 10,767 |
2022 £ (22,375) |
|---|---|---|
| 11,087 - - |
||
| 11,087 | ||
| (11,288) 33,048 |
||
| 21,760 | ||
| 2022 £ (10,513) (11,087) 8 - (783) |
||
| (22,375) | ||
| 2022 £ 21,760 |
||
| 21,760 |
Page 10
(A Charity governed by its constitution, charity number 293720)
The Jonathan Conville Memorial Trust
Accounting Policies
for the year ended 31 December 2023
Basis of preparation
The financial statements have been prepared in accordance with:
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a) Applicable UK accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.
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b) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102);
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c) the Charities Act 2011.
Public benefit entity
The charity meets the defination of a public benefit entity under FRS 102.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue to operate and accordingly the accounts have been prepared on a going concern basis.
Income recognition
Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.
-
Voluntary income and donations (including legacies) are accounted for once the charity has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.
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Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure recognition
-
Grants payable are payments made to third parties in furtherance of the charity’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charity.
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Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.
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Rentals under operating leases are charged as incurred over the term of the lease.
Unrestricted Funds
Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.
Designated Funds
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Allocation of costs
Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.
Investments
Fixed assets held for investment purposes are not depreciated. Under SORP 2015 (FRS102), investment properties are measured initially at cost and subsequently at fair value at the reporting date.
Investments are shown in the balance sheet at closing market value. Surpluses or deficits on valuation are credited or charged to the statement of financial activities.
Page 11
(A Charity governed by its constitution, charity number 293720)
F The Jonathan Conville Memorial Trust
Notes to the Accounts
for the year ended 31 December 2023
1 Incoming resources
The incoming resources and surplus are attributable to the principal activities of the charity.
2 Net incoming resources
| Net incoming resources Net incoming resources are stated after charging: Independent Examiner's fees - reporting service Trustees' emoluments |
2023 £ 1,197 Nil |
2022 £ 1,140 |
|---|---|---|
| Nil |
Trustees' emoluments
Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.
| Income from donations and legacies British Mountaineering Council Scottish Mountaineering Trust Other donations |
Unrestricted £ 5,500 1,500 729 7,729 |
Restricted £ - - - - |
2023 2022 Total Total £ £ 5,500 - 1,500 - 729 407 7,729 407 |
|---|---|---|---|
- 3 Income from donations and legacies
| 4 Income from charitable activities Alpine Courses, Wales Alpine Courses, France Scottish Winter fees 5 Income from investments Income from listed investments Bank interest received 6 Expenditure on charitable activities by fund type Alpine Courses, Wales Alpine Courses, France Scottish winter guides Cancellation fees Support costs (see note 7 below) |
Unrestricted £ 3,204 21,600 7,250 32,054 Unrestricted £ 11,327 128 11,455 Unrestricted £ 5,685 42,830 12,355 95 3,421 64,386 |
Restricted £ - - - - Restricted £ - - - Restricted £ - - - - - - |
2023 Total £ 3,204 21,600 7,250 32,054 2023 Total £ 11,327 128 11,455 2023 Total £ 5,685 42,830 12,355 95 3,421 64,386 |
2022 Total £ 1,080 16,200 - |
|---|---|---|---|---|
| 17,280 | ||||
| 2022 Total £ 11,021 66 |
||||
| 11,087 | ||||
| 2022 Total £ 3,126 32,880 - - 3,281 |
||||
| 39,287 |
Page 12
(A Charity governed by its constitution, charity number 293720)
F The Jonathan Conville Memorial Trust
Notes to the Accounts
for the year ended 31 December 2023
| 7 Support costs Printing, postage & stationery Subscriptions Advertising & promotion Website Software Welfare AGM expenses Independent Examination Accountancy fees Stockbroker's fees Bank charges Professional services |
Unrestricted £ 52 242 - 245 - 80 863 1,197 600 7 60 75 3,421 |
Restricted £ - - - - - - - - - - - - - |
2023 2022 Total Total £ £ 52 - 242 - - 40 245 720 - 238 80 50 863 309 1,197 1,140 600 688 7 8 60 88 75 - 3,421 3,281 |
|---|---|---|---|
8 Staff costs
Average number of employees during the year was:
2023 2022 £ £ Nil Nil
No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2023 nor to 31 December 2022.
Employees paid in excess of £60,000 during the current year and previous year:
| Employees paid in excess of £60,000 during the current year and previous year: 9 Investments Market value As at 1 January 2023 Additions Disposal proceeds Realised gains/(losses) on disposal Revaluation gains/(losses) As at 31 December 2023 - Historical value at at 31 December 2023 - 10 Investments Cash held with fund managers 11 Debtors: amounts falling due within one year Accrued income 12 Bank and cash in hand CafCash Account CAF Gold Account |
Listed investments £ 345,441 366,106 (365,103) 19,662 3,057 369,163 366,106 |
None 2023 £ 345,441 366,106 (365,103) 19,662 3,057 369,163 366,106 2023 £ 2 2 2023 £ 10 10 2023 £ 6,790 3,977 10,767 |
None |
|---|---|---|---|
| 2022 £ 400,359 - - - (54,918) |
|||
| 345,441 | |||
| 338,969 | |||
| 2022 £ 1,012 |
|||
| 1,012 | |||
| 2022 £ - |
|||
| - | |||
| 2022 £ 8,240 13,520 |
|||
| 21,760 |
Page 13
(A Charity governed by its constitution, charity number 293720)
F The Jonathan Conville Memorial Trust
Notes to the Accounts
for the year ended 31 December 2023
13 Creditors: amounts falling due within one year
| 13 **14 ** |
Creditors: amounts falling due within one year Sundry creditors Accruals The funds of the charity: current year Opening balance £ Restricted funds Restricted income funds - Unrestricted funds Designated funds 345,441 General funds 21,001 Total unrestricted funds 366,442 366,442 |
Resources arising £ - 366,106 (314,868) 51,238 51,238 |
Resources utilised £ - (345,441) 281,055 (64,386) (64,386) |
2023 £ - 3,929 3,929 Other movements £ - 3,057 19,662 22,719 22,719 |
2022 £ 127 1,644 |
|---|---|---|---|---|---|
| 1,771 | |||||
| Closing balance £ - 369,163 6,850 |
|||||
| 376,013 | |||||
| 376,013 |
Designated funds
General funds
Designated funds of £369,163 are unencumbered but have been set apart from general funds as they have been used to purchased fixed asset investments as part of an income generating strategy, and so are not immediately available to the charity.
General funds of £6,850 are unencumbered and freely available for use by the charity.
| 15 16 17 **18 ** |
The funds of the charity: prior year Opening balance Resources arising Resources utilised Other movements Closing balance £ £ £ £ £ Restricted funds Restricted income funds - - - - - Unrestricted funds Designated funds 400,359 - - (54,918) 345,441 General funds 31,514 28,774 (39,287) - 21,001 Total unrestricted funds 431,873 28,774 (39,287) (54,918) 366,442 431,873 28,774 (39,287) (54,918) 366,442 Designated funds: current year Opening balance Resources arising Resources utilised Transfers & adjustments Closing balance £ £ £ £ £ Fixed Asset Investment Fund 345,441 366,106 345,441 3,057 369,163 345,441 366,106 345,441 3,057 369,163 Designated funds: prior year Opening balance Resources arising Resources utilised Transfers & adjustments Closing balance £ £ £ £ £ Fixed Asset Investment Fund 400,359 - - (54,918) 345,441 400,359 - - (54,918) 345,441 Fixed Asset Investment Fund Transfers between funds: current year General funds Designated funds Restricted funds Endowment funds Total General to designated (3,057) 3,057 - (3,057) 3,057 - - - This fund represents general funds used to purchased fixed asset investments. |
Closing balance £ - 345,441 21,001 |
|---|---|---|
| 366,442 | ||
| 366,442 | ||
| Closing balance £ 369,163 |
||
| 369,163 | ||
| Closing balance £ 345,441 |
||
| 345,441 | ||
| - |
Page 14
(A Charity governed by its constitution, charity number 293720)
F The Jonathan Conville Memorial Trust
Notes to the Accounts
for the year ended 31 December 2023
| 19 Transfers between funds: last year General to designated |
General funds 54,918 54,918 |
Designated funds (54,918) (54,918) |
Restricted funds - |
Endowment funds Total - - - |
|---|---|---|---|---|
General to Designated: Increase funds not available as utilised for fixed asset investments.
| 20 Net assets attributable to funds: current year Tangible fixed assets Current assets Current liabilities Net assets represented by funds 21 Net assets attributable to funds: prior year Tangible fixed assets Current assets Current liabilities Net assets represented by funds |
General funds - 10,779 (3,929) 6,850 General funds - 22,772 (1,771) 21,001 |
Designated funds £ 369,163 - - 369,163 Designated funds £ 345,441 - - 345,441 |
Restricted funds £ - - - - Restricted funds £ - - - - |
Endowment funds £ - - - - Endowment funds £ - - - - |
Total £ 369,163 10,779 (3,929) |
|---|---|---|---|---|---|
| 376,013 | |||||
| Total £ 345,441 22,772 (1,771) |
|||||
| 366,442 |
22 Taxation
The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.
23 Post balance sheet events
There were no significant post balance sheet events.
24 Contingent liabilities
The charity had no material contingent liabilities at 31 December 2023 nor at 31 December 2022.
25 Related parties
During the year a trustee, S. Louise, was paid £500 (2022: £840) for bookkeeping services to the charity in her capacity as a professional bookkeeper.
26 Trustee expenses
The following expenses were reimbursed to the trustees:
| S Louise A Butterworth T Skelhon |
2023 2022 £ £ 392 133 245 155 52 21 688 309 |
|---|---|
Page 15