Do¢L*n En110.. 292BA6DE.F5064Ao&AD54.DE209s43F8 Regl8t•r•d No. 294928 Ml•$ V R Jarvis Charitable 8ettlem•nt Financial Ststements For th• Year End•d 5 April 2024
Dc9n Envdop8 ID.. 2g2BA6DE45tAOADs4QEA2BogS43FB Miss V R Jarvis Charilablg Sgttbmont Cont•nt6 Page Tntste&s' Annual R&port Legal and Admini$trativ• Dotsi18 Statement of Trustees. Rèswnsiblli11o$ Aecwntants, Report Recelpts and Payments Account ststement of Assets and Ll8bllltles Notès to th• Flnandal Statements Inve5trnents 10
Docww Envelope ID.. 292&4eQE.F5064AO>AD54-DE42B09543FB MISS V R Jar4Yi8 Charltsble Settlement Tw¥t•g8' Annu41 R•port Th8 Tru51èaS pent their Annual Report and th& financial slatements for Ihe year endod S April 2024. This report has been ppared in accordance with guidelines made available by the Charity Comrni%sion. A charity wth In1me less than £250,OW is permitted to prepare receipts and payments accounts and Is Iher6foro not requir8d to follow the requirements gfthe Charity SORP IFRS 1021 with to the financial statemènts. prior year wa$ prepared for a period of approxTrmat8ty g nKJnlhs Irom 9 June 20221ts 5 2023. Legal Stalus and Obi•cts Thè Ch&ity was fcfmed undgr a Trust D•ed on 9 Je 1986. The objects of the Charrty are to make donations lo such CharitE$ or for such charitablo purposes In such proportiot)8 and in sych manner 8nd subject to such tarms and conditions as th8 Trustees may at thelr uncontrolled discretion d•t8miin• haviThJ re9ard to any direction3 given or w8h88 expressed by the Setuor to Ihe TNstees. In revwing potential dong8¥. the Trustees have been mindful of the Charty Commission's guid8nGe on public benefit. Ml rr8nner of charitsble causes 8ro SUPPOrtèd the assistance 9iven by Iho Chartty ensures that the b1 ar8 ban8fited throughout the local area and beyond. Appolntmont ofTrustw¥ The wwer ofappoinfjng TTU$te8s was vested in the Settknr (Vivien Rosalie Jarvi51 durfng her Ilfetime. Ther8Bft8rth8 Trustees will be 8ppointsd by the e$ting Inj$1$ In order to brh)g suilable skills to Charty as required. The trustees wh) held gffice durfng the year and to Iho dato ol slgnkng were: Mr M Drake r B Crabtrèa-Taylc Revlew of A¢tivltl•s and Finan¢i•l Pèrtormance The financial statèments have b88n prepared In accordance with Iho lè9191ato reqrements of the Charitias Act 2011 as 8ppllcable to $ma118r charities In England and Wales. The Trustees havg t8k8n th¥ optSon avallable lo th8m to prepaB the ntS rm 8 recèipts and payments basi bec8uye thè gross ino)me ofthe charfly Is less than £250.000. The m8in souree of income for the trust is interest and dividend Inco lotalllng £7.8531202319 rnonlhsl.. £8,471) and any pro@d$ from the Sa or revorganisalion of investm8llt5. In accordance wrfh Ihg Trustèes, publlc benefrt responsibility referred to aly)ve. Ihe Trustéès trJ8ntfy 3uilable recipientsforlunding each year. During thè yoar ènded 5 April 2024 9 don8llons were mado, totalling £26.00012023." Nlk At th8 year-ond tho Charity's inv8slment portfolio market value was £26S,10712023.' £266.8711. Investmènt income generated by the portfollo Is expected to ba low In the short term. a$ many compankn have reduced or stopped theSr dividend payments. Howèver, the poruolio is w811 dersified, thus giwng the Tw$te8s prote¢Uon agalnst too much volatility. Going Con¢•rn After tho y•ar-•nd Ihe Trust••s agreed to dissolve the Settbment. It Is expected that IhL8 wil happ8n in earty 2025. with the in18ntion bèing lo distrlb(rte thé funds (capital and InccKng1 to Ih8 sama charttsès and in the sama proportions as per the donat3 made durfng the year endgd 5 April 2024. Pag•". 1
D$*Jn Envélopé ID: 292BA6DE.F5C64AoMDDBogS43FB MISS V R JaNls Charltabl• Settlement Trusiee$' Annual R•port R•s•ms Policy The Twstees are satisfied thal the bvel ofcash funds, currenlty £52,60612023.. £72,486), arg adequate tt) meet the 0ets ofthè Charity. Appn>v•d by th• trn$t$ and slgn•d on th•lr h8 by.. Mr M Drak¢ Trust•e Page: 2
Docu83n Envelope ID.. 292BA6DE-F50MAOMD54-DEA2B00543FB Ml8$ V R JaNl$ Charitable Settlement Legal and Admlnl$tr&tiv• Dgtalls TNstee8 Mr Michael Drake Mr Barry Crabtree-Taybr Tru¥t Addtèss Edmondson Hall SeAieltors 2S Exeter Road N8wmarkt Suffdk CB8 BAR L•g•l Stat The Charity was fonned as a Trust under a Deed dated 9 June 1986 Charity Commission Registrat)n No". 294928 Bankern Uoyds Bank P 48 High Street Newmarket Sulfolk CB8 8LF Solieltors Edmc)dson Hall so11trs 25 Exeter Road Newmarket SLtffdk CBB 8AR In¥eslm•nt Manag•rs Inv&ste¢ Wealth & Investment {UKI (part of Rathln8$ Group PLC) 30 Gsharn Street London EC2V 7QN A¢Muntonts Peters, Elworthy & Moore Chartered Accountants Salisbury Houso Station Road C8mbridg8 C81 2LA Pagg.. 3
Envdy10.. 292BA6DE.F5064A03AD54-DEN2B09543FB Miss V R Jabvis Charitablè Sèttl•m•nt Stat•mont of Trust•os' Ro$ponslblllU•s The Trustees are TesrM)n8ibb for preparing Ihe annual retth ond fina1 statements h accordance wllh xppllrable low ?nd United KiryJdom Acc(yJnting Stsndards IUn6ted Klngdcn G6n8rally Accepted AcwJntSng Practice). Law apF4icable to Chiti8s Mi England and Wal•s requires the Trustees to prepare financlal statements for each finandal year. In preparing these financ131 ststem8nts, lh8 tnjstees shoukl foikw btgt pracOeÈ and.. Select surtatle oceounting policies and then apply them con6i6tenly, Observe the methods aThJ pdnciples In the Ch8r4ties SORP., ake judgernents estimates that aro reasonable and prudgnt. Tha tru8t888 are r&SnsIbl8 for keeping prL*)8r aecounting rrS which dlsdoso th reasonable accuracy the financAal posthon of the Charty and which enabte them Io 85¢ert8ln the fjn8nC181 p¢)sition of the ¢h8rity and which enable them to Ènsur8 that thè financial stat•mtnts mplY th8 Charfa"•s Act 2011, supporting rogulations a1 theTwst Deed. They are also responsible for saf8guardlng the assets oflhg Ch8rity8nd hence fortaking r8a90nabl8 steps lh8 prevèntion and dèt8ction of fraud and othar Irr6gulartti•s Pag&'. 4
D9n En¥dope ID: 292P)E.F5LAO&AD54-O£A2BO9s43F8 Miss V R Jarvi¥ Charfiable Settlement Accountant5, Report to the Board of Tru•tees on the unaudltod Ilnandgl statemtnts ot Mlss V R Jar4fls CharOtabl• SeWem8nl In aordance wilh lh8 8n9a9ennt letler dated 15 February 2023 and in orderto assist you tofulfil yourduties under th& Charrties Act 2011. we have prepared for your approvAI tha financial statements of thg ¢harity which compriso the Receipts and Payrnent5 Acetsunt, Statement of Assets and Li8bilrties alld the related noles from the ¢h8rity'$ 8ccwnting r•¢ords from InforrnBUon and explanations you have glven us. A8 8 memb8r ffirTn of the Intute of Chartered A¢¢ountants In England and Wale8 {ICAEW), we are subiact to Ms elhlcal and other prof885ional requirements whlth are detailed atwww.icaew.comlr ns. This report is made Soldy to you in accordance wth the tem)s of our engagement letter dated 15 February 2023. Our work hos bgen und8rtaken solely to prepare for your approval thg charity's financkql 5tatetnents and stale th058 mattèrs that we have agreed to state to you in thls report in accordance with the guidance of ICAEW as detailed at www icaew.coml om To the fullest extent permitted by law, wg do not acc8Pt or assume responsibilty to anyone othér than the charity and the ¢h8rity'S Board ofTNstees. as a bo¢ty. for ourwork or for tNs r8PLYt. You havè approved Ihe financial statements for the year ended S April 2024 and hav¢ acknoledged your sponslbility lor Ihgm, lor th& apptDpriateness of the flnanci81 rewrting fram8work a(k>pte(l and for providmg all inforMatn and explanations necessary for Ihelr cornpilaiion. You consider thal Ihe Charity is exempt from tho stalulory wdbt requirgm8nl for the year and the requ1iejrI lo have an ind8P85Mlent examinadon ol the financial stslements. We have Th)1 venfied accUY or ¢xthpl8teness of the accountirKJ ro¢ords or Infomath)n and exthnalons you hav• gN8n to us and wg do not. thereffft. express any OnKIn on the fm8rKKql statements. We draw your atteniion to the Going Concem statement on pa 1 of the Tnthes, Rep PETERS, ELINORTHY & IAOORE Chartered Accounlant Salisbury Houso Station Road Cambridge CB12LA Date: Page.. S
D$&n EThv4opo ID.. 292BA6DE-F60&4AO>AD54-DEA2B09543FB Mi88 V R Jar4is Charitable Settlemenl R¢¢eipts and Payments A¢¢ount for th• •4r ondèd S A ri12024 Total Unrnstrlctgd Fundg For th• year •ndgd 5 Aprll 2024 T¢tsl Unrostricied Funds For tho 9 Months 8ndod 5 April 2023 Not• R•cèipts Bank int•r•sl Divhyends.. UK Ut¢S Iln¢ludlng gllt Int$wti 763 242 Rtteipts sUtOtal 7,8S3 6,471 R•c•ipts From A$$•ts Pr¢teeds ffom salelreaorganisalKJn of investments 62.288 78.566 Total Rè¢èipts For Y•ar Payments: Costs ofraisiTrJ funds: Investmgnt Managgrngnl f99$ 3257 3.354 Charilable dGfftation8 26.000 Ggv9rna costs 4,734 1,230 Ass•t and Inv•stm•nt puKhau$ pantIor investment 8$501s 56.030 92,734 Total Payments Foryear 7.318 Net Recetptsl{Paymèntsl belng N•t Movement In Funds 119,8801 112.281) Ca8h Fundo At La8t Y•ar End 72,486 84.767 cash Funds At Th1$ Y*•r End 52,606 Pago.. 6
CJcusn En¥ebpe10.. 292BA6DE.F5o04AOMD54-Dw9S43FB Miss V R Jar¥l$ Charftable S•ttl•mont Statgmgnt of Assèts and Llabllltlos Year Énded S Aprll 2024 Not• 2024 2023 Lloyds Tmsurers Account Uoyds Instant A¢¢ess Account rokers. Dealing Account Edmondson Hall client ac¢ount 9,406 27,105 16,095 140 66.795 5,551 Cash fund5 at •nd of y•ar beln9 Total Mon8twy A880ts 52,606 Non41onotary Assèts Investrnent assèts- at cosl 243.242 250,479 Tot*1 Asmts at Coot 243.242 250,479 Llwbllltles L8gal fees A¢countan¢y costs Other credito 1.710 1,620 2,IXIO 1,710 3,620 AppmTMI by th• Tn•stee$ and Slgn•d by: Mr M Drakg TwstO8 Date.. Page.. 7
DotsJskJn En¥6P10'. 292BA60E.F5064A03-AD54-DEA2809543FB Mlss V R Jarvls Charttable SeemTrt Nots$ to th¢ Flnan¢l•l St#tsments Y•br End•d S Apdl 2024 Accounting Polici•s The financial $tstement8 have b88n wgpared under Section 42131 ofthe Charilies Ac12011 and in aeeordxrtts whh Charity Commlssic4) guidan. Partlcular accountiNJ pollcies adopted by the trustees are descrlbed below. ) Ineomg #nd Expenditurn Iniy)rne aThJ expenditure is accounted for on a ffj¢elpts and paYTrts basis. bl Invtmonts Investments are shown at cost al the year end. Inv•8tment$ See schedule on page 10. Charilable Donotion$ Charitable donat¥ totalling £26.000 were made dtJrin9 Ihe year12023'. £NII. Dortations were madg to followlng charitable organisations". 2024 2023 Red Cross Ukralne Appeal NewmErkgt Open Dcor Injured Jockey Fund NSPCC Queen Elvzabeth's Foundat)n for Disabl8d People Salvation Arny M8cMillian Cancer Support Cancer Research UK Action for Blind People 10,000 2,000 2,000 2,000 2.000 2,000 2,000 GovOrnan c¢)sts 2024 2023 professnal fees Accountancy fees 2,034 2.700 1,230 4,734 1.230 Pag•'. 8
DDW5tqn Enwlop8 ID.. 292BA6DE-F5064A03-AD54-DEA2B09543FB Ml55 V R JaNis Charlta)le Settlem•nt N¢t•$ to Iha Flnan¢lal Ststemenis Ygar Ended 5 Apbll 2024 S Trustees. Remungr¥tion None of th¢ trustees rec4lvgd r8mun8ratiiJn or oxpenses during the current or previous period. Ro14t•d Party Tran8OCtions T profoss¢onal fe9¥ included wilhin governance co$tS Were paid to Edmondson Hall, whor& Mr M Drake and Mr B Crabtree-Taylor, the trustees, are both Consultants. Therewere no otherrelat8(I party transactions durin9 the yaar. P¥g¢: 9
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