THE FOUNDATION OF JOANNA SCOTh AND OTHERS ACCOUNTS Year onded 31st MARCH 2025 Charlty Registration No. 311253
THE FOUNDATION OF JOANNA SCOTT AND OTHERS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 INDEX Page Independent examlner8 report Balanc8 6heot Recelpts and Payments Notes
THE FOUNDATION OF JOANNA SCOTT AND OTHERS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 INDEX Page Independent examlnors report Balance 8he8t Recelpts and Paymonts Notes
DEPENDENT EXAMINER'S REPO THE RUSTEES OF THE FOUNDAT ANNA SCOTT AND OTHERS FOR THE YEAR ENDED 31st MARCH 2025 I report on Ihe accounts of the Trust for Ihe year ended 31st Marth 2025. which are set out on pages 2 and 3. Respectlvg re8pon$lbllllle8 of tru8tee8 and oxamlnor The CharlV8 Tru$tee8 are responsible for the preparatlon of the accwnts. You consldèr that an audll Is not required for this year, (under 8ectlon 144(2) of the Charilies Act 2011 (the Act). It Is my responsibilty to state. on the bas18 of procedures specified bn th8 general direction8 given by the Charity Commlssloners under Se¢tlon 145(5)(b) of th8 A¢t. and stale whether partlcular matters have come to my attentlon. Basls of Independent examlnerf8 fjtatsment My examlnatlon was Caled out In accordance vAth Ihe general dlr8ctions given by the Charlty Commissioners. An examlnatlon Includes a revlew of Ihe arxounling records kept by the Charlty and 8 comp8rlson of the accounts presented with Ihose records. It 81s0 Includes con8k18ratlon of any unusual Items or dlsclo8ures In the account8. and seeking explanallons from Iho tru6ts06 concerning any 8uch matter8. The procedures undertaken do noi provldo all the 8vldence that would be requlred In an audlt, and con5equenty I do not exp$$ an audtt oplnlon on th8 accounts. Indopendent ex•mlneV8 •talfjment In the course of my examlnatlon. no matter has come to my attentlon.. (l) whlch olves me reasonable ¢8u8e to belbeve that kn any materlal respect the trustees have not met Ihe requirement8 to ensur8 tha1: <1) proper accounting records are kept (In accordance wlth Section 130 of the Act). and (ill Pfep8fe a¢}unt8 whlch 8¢cord wllh the accounling rer)Jrds and comply wllh th a¢untIng requlrements of the Act; OT (2) to whlch. In my oplnkon, attentlon shoukl be drawn In order to enable a PToper under8tandlng of the aLThunts to be reached. C H PHILLIPS INDEPENDENT EXAMINER hoc r 2025 PAGE 1
THE FOUNDATION OF JOANNA SCOTT AND OTHERS BALANCE SHEET AS AT 318I MARCH 2025 2025 2024 INVESTMENTS at market valuo Endownment portfolio Charities Propety fund Reserve investment COIF Income units 3,037,049 44,930 60,350 3,215,899 43,964 63,299 Total investments 3,142.329 3,323,182 CURRENT ASSETS Cash at bank, COIF and in hand 122.146 87,801 NET CURRENT ASSETS 3,264,475 3,410,963 FUNDS Permanent Endowment Funds General Fund 3,083,359 181,116 3,262,209 148,754 3,284,475 3,410,963 The accounts were approved by the trustees on:_ Date and signed on their behalf by Tru8teo PAGE 2
THE FOUNDATION OF JOANNA SCOTT AND OTHERS RECEIPTS and PAYMENTS FOR THE YEAR ENDED 31st MARCH 2025 2025 2024 INCOME Dividends and Interest Interest Grants returned l Not taken Grants received 83,242 77,534 175 17 Total Incomlng resourc88 83,242 77,726 EXPENDITURE Grants for Individuals including uniforms Grants for Out of school activities and Trips Grants for Organisations Other Grants Administration 19,343 18,254 500 1.000 9,800 11,254 17,093 1,000 8,449 Total resourc98 expendod 48,897 37,796 Excess of incomel(expenses) over expenditure 34,345 39,930 RECONCILIATI NC E and EXPENDITURE 2025 2024 Current account at Cater Allen 122,801 89,885 Less Transfer from Charity Property Fund Less unpresented cheques 440 122,361 2,084 87,801 COIF deposit Cash in hand 3110312025 122,361 87,801 Cash in hand 3110312024 87.801 47,871 Increase l (deuease) in cash over the year 34.560 39,930 Amount of Income l (Expenditure) in excess 34,345 39,930 PAGE 3
THE FOUNDATION OF JOANNA SCOTT AND OTHERS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 Income is counted when it is received. Expenditure is counted when the cheque is drawn. Loans to beneficiaries are aayS paid from income, so are counted as payments when made and repayments as receipts. During the year the Trust made changes to its Investment portfolio by selling and purchasing shares as recommended by its financial advisers. The investments have been valued at 31st March 2025 as follows :_ Endownment Portfolio - Barrett & Cooke £ 3,037,049 Charities Property Fund 44,930 COIF Income Units 60,350 PAGE 4