THE FOUNDATION OF JOANNA sco AND OTHERS ACCOUNTS Year ended 31st MARCH 2024 Charity Reg18tratlon No. 311263
UN AT ON OF JOANN sc AND OT ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2024 IN Page Ind•pondent examlnern raport Balance 8he Rocelpts and Paymonts Noto8
DEP DENT E INE TTOTHE FO DAT F JOAN THER RTHEY CH2 I report on the accounts of the Trust for the year ended 31s1 March 2024. whl¢h aFe 8fr1 ot on p8g83 2 and 3. Re•pectlve ro8pon$lbllltle• of tfugte88 and oxamlner The ChaNV8 Tru6toe8 8fe rosponslblo for th8 preparollon oflhe accounts. You con81der that an audlt18 not requlred for Ihl8 year, (under Secllon 144(2) of the Charitles Act 2011 (the Act). 1115 rny re6pon31blllty lo slat6, on Iho ba815 of proixdui06 6p8dlkd In Ihe gaft8ral dlrectlons glven by the Charlty Comm1881oner8 undér Sedlon 145(5)(b) of the Act. and stsle whether partlcular matters have come to my attèntlon. 8a81• ol Independent oxamlnee8 •t8toment My examlnatton was rArrled oul In accord8nc8 with Ihe general dlrectlons gl¥en by the Charlty CommlbJloneT3. An èxamlnallon Includes a rè¥lew of the accounllng recrd kept by the Charlty and a comparfson ol Iho accounts pre$8nted wlth Iho8e fecofds. It 8180 Includes ¢onBlderation of any unu6u41 Items or dl8c106ur88 in th8 accounlg. and 8eoklng oxplanatlon8 from tho tru8ts88 concemlng any 8uch matters. The procedure8 undertaken do not provlde all the evldenrA thal would be requlred In an audlt, and consequentty I do not expr088 8n audll opknlon on th6 acA)unt8. Indep8ndont ex4mlnof• •latom•nt In the cour80 of my examlnatlon, no matter ha8 com8 to my attentlon: (1) whlch glv88 me fe88on8ble cau8e to belleve Ihal In any malerlal r88peGt the trustee8 have not met the requlrements to ensure thal: <1) proper 8ccounllng record8 are kept (In accorda* wlth Secllon 130 01 Ihe Act),. and {11) prapare accoun18 vthlth ac)Id with Iho o¢county rocords and ¢offlWy wlthll accountlng requlrem8nt8 01 thè Act,. or (2) to whlch, In my oplnlon, attentlon Should be drawn In order to enabla a propor under8tandlng of the 8ccounl6 to be reach8d. C H PHILLIPS INDEPENDENT EXAMINER PAGE 1
TH UND TIO F JOANNA COTh AND OT BALANCE SH AT 31st M RCH 20 2024 2023 INVESTMENTS at markot value Endownment portfollo Charities Property fund Reserve investment COIF Income units 3.215.899 43,964 63,2g9 3,052.701 46,571 57,974 Total investments 3,323,162 3.157.246 CURRENT A88ET8 Ca6h at bank, COIF and In hand 87,801 47,871 NETCURRENT ASSETS 3.410.963 5,117 FUND8 Permanent Endowment Fund8 General Fund 3,262.209 148,754 3,099,011 106,106 3,410.963 3,205,117 The accounts were approved by the trustee8 on:. Dats and slgned on Iholi be alf by Tru8te8 PAGE 2
THE FOUNDATIO OF JOANNA scorr AND OTHERS RECEIPTS and PAYMENTS FOR THE YEAR ENDED 318t MARCH 2024 2024 2023 INCOME Divldends and Interest Interest Grant8 retumed l Not taken Gran18 received 77,534 71,759 175 17 300 Total Incomlng re8our¢o8 77.728 72,059 EXPENDITURE Grant8 for Indivlduals Includlng unlform8 Grants for Out of school activities 8nd Trips Grants for Organisations Other Grants Admlnlstratlon 11,254 17,093 1,000 31,896 2D.926 1,900 101 8,045 8,449 Tolal r080urce8 oxpended 37,796 62,868 Exc888 of Incomel(expense8) over expendlture 39,930 CILI ONOF EXPENDITUR 2024 2023 Current account at Caler Allen 89,885 49,199 Less Transfer from Charity Property Fund Less unpresented cheque8 2,084 87,801 1,328 47,871 COIF deposlt Cash In hand 3110312024 87,801 47,87 Ca8h in hand 3110312023 47,871 Increase l (decrease) rn cash over the year 3g,930 14,726 Amount of Income l (Expenditure) In excess 39,930 9,191 PAGE 3
FOUN N OF JOAN COThA RS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2024 Income is countsd when it is recelved. Expendlture is counted when the cheque is drawn. Loans to beneficlaries are always paid from income, so are counted as payments when made and repaym8nts as receipts. Durlng the year the Tw8t made changes to its inve31ment portfolio by selllng and purchasing share8 as recommended by its financial advlsers. The investments have been v8lued at 31st March 2024 as follows :_ Endownm8nt Portfollo - Barrett & Cooke £ 3,215,899 Chafit168 Propety Fund 43,984 COIF Income Unlts 83,299 PAGE 4