THE FOUNDATION OF JOANNA SCOTT AND OTHERS
ACCOUNTS
Year ended 31st MARCH 2023
Charlty Reglstration No. 311253

HE FOUNDATION OF JOANNA SCOT
ND OTHERS
ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2023
NDEX
Pag8
Indeppnd•nt ￿mInerS report
8alanu 8he•l
R•colptg and Paym•nts
Not0$

NDENT EXAhllNER'S REPORT TO THE TRUSTEES OF
DAT
R THE YEAR
NDED 31st MARCH 202
I report on the accoun18 of Ihg Trust for th8 year end8d 31st March 2023.
whtch are sel out on poges 2 and 3.
Respodlv• Y•sponslbllltle$ of tru$teg8 #nd ex*n￿MeT
Th8 Ch8ri1rfs TrLths ala r8sponslb16 lor Ihg pr8paralon of the accounts.
You Consider Ih81 en eudil 15 not I￿￿11¢d for Ihls year, lund8rsectlon 144121 of lh8
Charilte8 Act 2011 Ith8 Acti.
11 is my resrK)rhsiblllly to st8te, on the b8sis of procethjres sp8c5ned In the general dlrections gfvgn
by the Chafily Commlssloners und8r S8c￿on 14515llbl ollhe Acl, and 8ts18 whether ￿rtIcUlar
m8tt8rs have wme tts myetienllon.
80$18 of Indepandènt examkn•rfs stat•mgnt
My oxamlnaih)n was cathod out In accordanc8 with the general dlTeGl¥)ns glvon by the Ch8rlty
Commisslonars. An examlnatlon Includes o review of the accounting record$ kept bythe Cher5ty
nd a cotnpari50n ol the accounts prÈs8nl8d wllh thos8 r8cords. It also includ8s eonsSderatlon of
any unusual iterns or d>sclosure5 in the a¢¢ounts. and seeklng expl8n&tion8 from th6 truslaos
Concernlng any such rnatlers. The procethJr66 underfaken do not provldo all the avld8rice that would
be requlred in en 8udll, and wn88quèntly I do not expre88 an audlt oplnlon on Ihe 8ccounls.
Indep•ndgnt examlneFS ststement
In the COUfS8 of myexaminath)n. no mAtt8r has com& to my 8ttentlon'.
111 which gfvès m& rtsasonaN8 cause to believe Ihal In any matsdal respect the trusteos
h8V8 not met th8 roqulfaments lo ensure that..
proper accounting rgcord8 are kept1Sn ac¢ordance wlth Sectlon 130 of the AGtI'. and
1111 prepare account3 which accord the aecounllng records and ¢Omplyh￿lh the
ae¢ounting requirements ol the kl., or
121 to which, in Thy oplnion, atlgntion Shou￿ b8 dr8wn oid8r lo 8 prop•1
underskndlng ol the BCGounls to bts rtrached.
CH PHILL￿$
INDÈPENDENT ÈYAMINER
PAGE 1

THE FOUNDATION OF JOAPINA SCOTT AND OTHERS
NCE SHEET A
ARCH 2023
2023
2022
INVESTMENTS at mart(st Volue
Endownmenl prjrtrollo
Charities Property fund
Ro$grve inveslmtnl COIF Income unlts
3.052,701
46.571
57,974
3.296,648
53,778
60,232
Tot81 Investments
3.157.246
3,410,658
CURRENT ASSETS
Cash ot bank. COIF and In hand
47,871
38,680
NET CURRENT ASSETS
3,205,117
.449,338
FUNDS
Permanent Endowmonl Funds
Goneral Fund
3,099,011
106,106
3,342,958
106,380
3,205.117
3.449,338
Tho ac¢ounl$ w¢re approved by the trustees on:. Dats
8nd signed on thelr behalf by
Trustoo
PAGE 2

THE FOUNDATION OF JOANNA SCO
HE
RECEIPTS and PAYMENTS
FOR THE YEAR ENDED 31st MARCH 2023
2023
20Y2
INCOME
Dlvidends and Interest
Intere81
Grants returned l Not 18kan
Grants received
71.759
73,393
300
830
Total Incomln9 f•sour¢os
72.059
74.023
EXPENDITURE
Gfants for Individuals includlng uniforms
Grants for Out of school activities and Trlps
Grants for Organlsalions
Other Grants
Administratton
31.896
20,926
1,900
101
8,045
41,639
15.978
1.666
578
6,274
Total rn8¢urcfrs •xp•nded
62.868
66,135
Extsss of incom8118XP8ns8s} over expendilure
9,191
7,888
AT
NCOME and EXPENDITURE
2023
2022
Current account 8t Catsr Allen
49,199
40,701
Less Transfer from Chadty Property Fund
Less Unpresen1￿ ¢heques
1,328
47.871
2,021
38,680
COIF deFx>sit
Cash In hand
3110312023
47,871
38,680
Cash In hand
3110312022
33,145
33,145
Increase I Idecfeasel in cash over the year
14,726
5,535
Amount of Incom& I (Expendllurel in exGes5
9,191
7,888
PAGE 3

THE FOUNDATION OF J
NA SCOTT AND OTHERS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31st MARCH 2023
Income18 counted whon11 is Fecgived.
Expendllure Is cO￿tsd when th& ¢heque Is drawn.
Loans lo beneficiarles are always paid from IrKom8. so are counted a8
paymonls when made and repayments as recelpts.
Durlng the yaar the Twsl mad9 chang8S to its Inv681menl portlolio by
sèlling and purchaslng sh8r88 as recommended by Ils 14nandal advlsers.
Th8 investments have been valued at 31st March 2023 as follow8 :.
Endownment Portrollo- B8rrett & Cook8
£ 3,052,701
Char411os Propèty Fund
53.778
COIF Ir)com8 Unlts
60,232
PAGE 4

FOUNDATION OFJOANNA SCOTh ANNUAL REPORT 3110312023
Registered No 311253
Registered address Is 13 Cathedral Close, NORWICH NRI 4DS
The Foundatlon was orlginally set up under the will of Joanna Scott dated 27th July 1709. The
provisions ofthat have been superseded by a scheme of the Board of Education in 1913 and
was amended by the Charity Commission schemes, the last dated 1710611986.
The Trustees servin8 duringthe year were Irls Voegeli, Mary Rae. Melvyn Ruff, Judith
Leggett, Caroline Ackroyd and David Nobbs.
Under the 1913 scheme three of the Trustees are appointed by the congregation of the
Octagon Unitarian Chapel Norwlch and three bythe Mayor and corporation of Norfolk.
The Clerk to the Trustee5 is Mrs S Loombe of Hansells Solicitors at the above address.
The Trustees bank account is with Cater Allen private bank.
Investment Advisors: Endowment Portfolio is held by Barrett and Cooke of Norwich.
The Trustees have no special powers of investment. Most of the Foundations Income Is from
the investments of its permanent endowment. The Trustees are aware of the risks involved
in investing but consider that with professionally managed well spread Portfolio the return
available is a risk worth taking.
The Trustees hold Income units in COIF Charities Investment Fund and accumulatlve Income
in the Charltles Property Fund.
The Trustees have a wide dlscretion in applying the income to promote the education of
young people who live within 5 miles of Norwich City Hall and who are under the age of 25
by direct help of grants and by dlrect grants to schoo15 and other groups for special benefit.
Duringthe yearthe Trustees have made 186 grants to groups and individual students
totalling £52822.
Grants for specified individuals were towards help with University and FE Maintenance, FE
Courses, school uniforms, school trips, music, dance and gym fees, swimming, karate
lessons and examlnations, books & equlpment, bus passes. Grants have been made to
some local groups which, within their remit, cater for groups of youn8 people.