## **THE JG CHARITABLE TRUST**
**TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
**Charity No: 326252**
## **THE JG CHARITABLE TRUST**
## **Charity Information**
**Trustees: Jerrold Goodman - (Deceased 16/11/2022) Nigel Goodman Sacha Goodman Joshua Goodman Charity Number: 326252 Charity Office: 42 Compton Way Farnham Surrey GU10 1QU Independent Examiner: D. Weeden FCA Hamilton-Eddy & Co. Chartered Accountants 39 Tamworth Road Croydon Surrey CR0 1XU Bankers: Barclays Bank Fleet Street Business Centre 99 Hatton Garden London EC1N 8DN**
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## **THE JG CHARITABLE TRUST**
## **Contents**
||**Page**|
|---|---|
|**Trustees' Report**|**3**|
|**Independent Examiner's Report**|**4**|
|**Statement of Financial Activities**|**5**|
|**Balance Sheet**|**6**|
|**Notes to the Accounts**|**7**|
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## **THE JG CHARITABLE TRUST**
## **Trustees' Report for the Year ended 31st March 2022**
The trustees present their report and accounts for the year ended 31st March 2022.
## **Trustees**
The trustees who served during the period and up to the date of this report:-
Jerrold Goodman (Deceased 16/11/2022) Nigel Goodman Sacha Goodman Joshua Goodman
Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
## **Investment Powers**
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity.
## **Constitution, objects and policies**
The Charitable Trust is constituted by Trust Deed, and its objects are to provide financial support to Charitable Institutions.
## **Financial Review**
Funds available are sufficient to permit the Trust to continue in operation in the medium term.
## **Statement of trustees' responsibilities**
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- a. select suitable accounting policies and apply them consistently;
- b. make judgements and estimates that are reasonable and prudent;
- c. state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
- d. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under s130 of the 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 or other irregularities.
## **Approval**
This report was approved by the trustees on 10th February 2023 and signed on their behalf.
## **N. Goodman Trustee**
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## **THE JG CHARITABLE TRUST**
## **Independent examiner's report to the trustees on the unaudited financial statements of The JG Charitable Trust.**
I report on the accounts of The JG Charitable Trust for the year ended 31st March 2022, which are set out on pages 5 to 7.
## **Respective responsibilities of trustees and independent examiner.**
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act, and 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 such explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep proper accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**David Weeden FCA Hamilton-Eddy & Co., Chartered Accountants, 39, Tamworth Road, Croydon, Surrey, CR0 1XU**
**10th February 2023**
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## **THE JG CHARITABLE TRUST**
## **Statement of Financial Activities for the Year ended 31st March 2022**
|**Notes**
**Incoming Resources**
**Net Rental Income**
**1.2**
**Donations Received**
**Tax Repayment interest**
**Investment Income**
**Total Incoming Resources**
**Resources Expended**
**Direct charitable expenditure**
**Donations Paid**
**Other expenditure**
**Management and administration**
**of the charity**
**1.4**
**Total expenditure**
**Net movement of funds for the year**
**Total funds brought forward**
**Total funds carried forward**|**2022**
**£**
120,398
-
100
-
**120,498**
139,000
17,762
**156,762**
**(36,264)**
**1,495,483**
**1,459,219**
**£**|**2021**
**£**
379,472
-
-
-|
|---|---|---|
|||**379,472**|
|||146,550
11,890|
|||**158,440**|
|||**221,032**
**1,274,451**|
|||**1,495,483**
**£**|
**The notes on page 7 form part of these accounts.**
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## **THE JG CHARITABLE TRUST**
## **Balance Sheet for the Year ended 31st March 2022**
|**Notes**
**Fixed Assets**
**Freehold Investment Property**
**Current Assets**
**Debtors**
**2**
**Cash at bank**
**Current Liabilities**
**Creditors**
**3**
**Net current assets**
**Total assets less current liabilites**
**Capital**
**Unrestricted Funds**|**2022**
**£**
595,707
**595,707**
5,442
881,016
**886,458**
22,946
**22,946**
**863,512**
**1,459,219**
**£**
**1,459,219**
**£**|**2021**
**£**
595,707|
|---|---|---|
|||**595,707**|
|||40,913
886,507|
|||**927,420**|
|||27,644|
|||**27,644**|
|||**899,776**|
|||**1,495,483**
**£**|
|||**1,495,483**
**£**|
**Approved by the trustees on 10th February 2023 and signed on their behalf.**
## **N. Goodman**
**The notes on page 7 form part of these accounts.**
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## **THE JG CHARITABLE TRUST**
## **Note to the Accounts for the Year ended 31st March 2022.**
## **1 Accounting Policies**
## **1.1 Basis of preparation of accounts**
The accounts are prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees' Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice for charity accounts.
## **1.2 Rental Income**
Rental income and related expenditure is accounted for on an accruals basis.
## **1.3 Value added tax**
Value added tax is not recoverable by the charity, and as such is included in the relevant costs in the
## **1.4 Management and administration expenditure**
Expenditure on management and administration of the charity includes all expenditure not directly related to the charitable activity.
|**2**
**Debtors**
Gift Aid Tax recoverable
Rents receivable
Sundry debtors
**3**
**Creditors**
Rentals received in advance
Rental Deposits
Accruals|**2022**
**£**
-
-
5,442
**5,442**
**2022**
**£**
-
21,446
1,500
**22,946**|**2021**
**£**
31,250
5,830
3,833|
|---|---|---|
|||**40,913**|
|||**2021**
**£**
10,700
13,944
3,000|
|||**27,644**|
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