LILLIE JOHNSON CHARITABLE TRUST TRUSTEES REPORT AND ACCOUNTS forlhe yeai ended 5April2024
LILUE JOHNSON CHARITABLETRUST CHARITY INFORMATION TRUSTEES V M C Lyttle FCA J W Desmond Mrs V CAiJams Al M Lyttle Mis L Brookes DBAdams CHARifY NUMBER 326761 CHARITYOFFICES 39 Rodbourne Road Harborne Biimingham B170PN BANKERS HSBC Pic 130 Newstreet Birmingham B2 4JU SOLICITORS Tyndallwoods 29Woodbourne Road Edgbaon Blrmingham B17 8BY STOCKBROKERS Quilter Cheviot Two. Snowhlll Snowhill Queensway Birmingham B4 6GA Evelyn Partneis 103 Colmore Row Birmingham B3 3AG AUDITORS Bainett Ravenscroft MIted Chartered Accountants and Registered Audltors 13 Portland Roa(J Edgbasion Blrmingham 6169HN Page I
ULUE JOHNSON CHARITABLE TRUST TRUSTEES. REPORT forthe yearended 5Aprll 2024 TRUSTEES TheTrustees named on page I have served Ihroughoutthe year. Appolntment otTrustees is governed by theTrusi Deed of the Charity. The powei ol appointing new oradaiiioftal Trustees Is vested inihe suNiving or continuin¥Trustees followlngthe resignation or death of an exlstingTrustee. INVESTMENTPOWERS TheTrust Deed authorises the Trustees io make and hold investments usingihe Genera( Funds ol the Charrty. OBJECTS OFTHE CHARITY Thè charity is consiituted bythe Trust Deed and it5 object is the making of donations lor tharitable purposes. Ail decisions regarding donations are made in accordance Wilh the teims otthe Trust Deed. RESERVES The Trustees seek to maintaln resetves at a level sufficient Èo meet anyfurther call upon the Charity. The major portion of the Reserves are Invested as and when the market Is suitable so as to increase the income of the Charity. ANNUAL REVIEW The income foi the year has increased by£7,754. The value of the StockExchange Investments have increased by 1%. DONATIONS TheTru5tees Confirm that they have paid due regaid to theterms stated in the Trust Deed and to the guidance given by the Charity Commission on donations. Alist of the organisations supported in lurtherance ol the aim5 01 the Charity is given on pages 9 and 12 of these financial statements. All donations Ven are considered by iheTruslees to be for public benefit. RISKASSESSMENT The TreeS have examlned the major strategic and operational rlsks whlch the charityf2ces and confirms that systems have been establlsherl lo enable regular reporlsto be pioduced so that necessarysteps Can be taken lo lessen these risks. Page 2
LILLIEJOHNSON CHARITABLETRVST TRusfEES' REPORT foriheyearended 5 Apr112024 STATEMENT ASTO DISCLOSURE OF INFQRMAlloN TQ AUDITORS In solai as the trustees are aware: there is no relevant audit inlormation of which the charitys auditois are unaware. and the trustees have taken all steps thatthey tsught to have taken to make themselves aware of any relevantaudii information and to establish thatthe auditors ale aware ol that information. STATEMENT OFTRUSTEES, RESPONSIBILMES The trustees are responsibLe lor preparingthe Reportof the Trustees and the financial Siatement5 in accordancewith applicable law and Uniled Kingdom GenerallyAccepted Accounting Practice. The (aw appli¢able to charities in England and Wales, The CharitiesAcl 2011. Charity (Accounis and Reports) Regulatlons 2008 and the provisitsns of the trust deed requires the trustees to prepaiefinancial statements lor each r Inancialyear which give a true and laif view of the stale of affairs ol the charity and ol Ihe incoming resources and application rjf resource. including income and expenditure, of the charityfof that period. In preparing thefinanclal statements the trustees ale required to: select suitable accounting policies and then apply them Consistently: observe the methods and princlples in the Charlties &atement ol Recommended Practice,. makejudgements and estimates that are reasonable and prudent,. stale whether applicable aecouniingstsndards have been followed subject to any matsrial departures disclosed and explained In theflnancial statements,. and prepare the financial statements on a going concern basis unless it is inappropriate to assume ihat the Charity will continue. The iiu5tees ale responsible for keepinÉ proper a¢countiagiecords which disclose with reasonable accuracyat anytime the financial position of the chartty and enable them to ensure that the financial atement5 complywith the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and Ihe provision5 of the trusi deed. They are a150 responsÈbLe lorsaleguarding the assets ol the charity and hencelor taking reasonable steps for the prevention and detection of fraud and Oiher irregularities. AUDITORS Barnett Ravenscroft Limited were appointed auditors having expressed thelr willingness to Continue and are reappolnted lorthe current year. APPROVAL Approved by ihe Trustees on 9August 2024 and signed on ils behalf by.. VM C LYrrLE, Trustee. Page 3
ULLIEJOHNSON CHARITABLE TRUST INDEPENDENT AUDITORS REPORTTOTHETRUSTEES forthe year ended SApill 2024 OPINION We have audited the financlal statements of Lillie Johnson Chailtable Tiust Ithe'charity'l for the year ended 5Aprll 2024which comprise the statement offinancialactivitles. the balance sheet and the related notes. Thelinancial reporting Iramework that has been applied intheirpreparatlon is applicable Law and United KingdomAc¢ounting Standards Including Flnanclal Reporting Siandaid 102The Financial Reporting standard applicable in the UK and Repubuc ol Iieland (United Kingdom Generallykcepted Ac¢ounting Piacticel. Ill our opinh)ll the fuwlcial statements: Ive a true and lair view of the state of the charitys affairs as at 5 April 2024, and ot Its incoming resources and application of resources, for the year ihen ended; have been properly prepared in accordance with United Kingdom GenerallyAc¢epted Accounting Practi¢e- and have been prepaied in accordarbcewith the requirements ol the Charities Act 2011. BASIS OF OPINION We conducteL1 our audit in accordance wilh International Standaids on Auditing IUKI IISAS IUKII and applicable law. Our responslbililies underihose standards arelurther described in theAuditofs responsibililles tor ihe audit ol the linancial statement5 section ol our report. We are independent of ttte charlty in accordance with the ethical requiiements that are relevantto our au¢lt of the financial slaiements in the UK, includingthe FRC'S Ethlcal Standard, and we have fulfllied our other ethlcal responslbilities In accordance wlth these requirements. We belleve thatthe audit evidence we have obtained is sufficientand appropriateio piovide a basis for our (ypinion. Conduslons relating to gokng concern We have nothing to report in respect of the following maNers in reiatlon to which the ISAS IUKI require us to repon to you where. the trustees, use of the golng concern basis tsf accounting in the preparation of the finan¢lal statemenis is noi appropriate., or rhe trustees have not dlsclosed in the financialstatements any identifieil material uneertainties that may casi signlfi'cantdoubt aboutthe charity's abilityto Continue to adopt the goingconcern basis of accouniing tor a perlod of atleast iwelve months from the date when the financial Siatements are auihorised for issue. Other informat50 The Iiustees are responsible for the Oiher Information. The other inlormation comprises the intormatlon included in thetsustees, annual report, otherthan the financial statements afid oui auditor's report thereon. Our opinion on the linancial stsiemenis does not cover the other inlormation and. except to the exient otherwlse explicitly ststed in our report, we do notexpress any lorrn of assurance Cofbcluslon thereon. In connects.on with our audit of the Ilnancial statements, our responsibillty is to read the other intormation and. in doing so, consider whetherthe other information is materiallyin¢onsistentwith the tinancial statements orour knowledge obtained In the audit or otheThvise appearsto be materially misstated. If we identify such material inconsistencles or apparent material misstatements, we ale requiied to deteimine whether there is a material misstatement in Ihe financial statements 01 a material misstatement of the other intormation. If, based on the work we have perlomed, we conclude that there is a mare¥ial misststemeni of this other information, we are required to reportthatfact. We have nothingto report In Ihls regard. Page 4
ULLIEJOHNSON CHARITABLE TRUST INDEPENDENT AUDITORS REPORTTO THE TRUSTEES-contlnued lorthe year ended 5Apr112024 Matter6 on which we are r¢qulr¢d io report by exeeption We have nothing to report in respeci of the following matters in reiationto which the Charities IAc¢ounts ènd Reponsl Regulations 2008 require us to report to you if. in ouropinion: the informa(lon given In the Ilnancial statements is inconsistent In any (naterial respectwith ihe trustees, report. or sufficient accounting records have not been kept- or the finan¢ial statements are not in agreement with the accountlng records.. OT we have not received all the information and explanations we requlre for our audlt. RÉ5ponsibilitks of trustees As explained more ILÈlly in the trustees, responsibilities statement set OLrt on page S, the trustees are responsible for the preparalion ol financial statements whlch give a true and lairview, and for such Internal Control as theirustees determine Is necessaryto enable the preparation of linancialstatements that are free from maierial misstatement. whether due to fiaud or error. In preparing ihe financial statemellts, the trustees are iesponsible for assessing the charity's abilityto continue as a golng concern, dbsclosing, as applicable, matiers related to going con¢ern and uslng the going con¢ern basis of accouniing unless the trustees either Iniend io liqui¢Jate the charlty orto cease operatlons, or have no realistic alteinaiive butto do so. Auditor's responslbilities for the audlt of tht fanCIal ststenwits We have been appointed as auditor undei section 144 of the CharitiesA¢t 2011 and report in accordance wilhtheAct and relevant regulations made or havlng effectthereunder. Our objectives are to obtain reasonable assurance aboui whetherthe financlal statements as 2 whole are free Iroffl mateiial missiatement, whether due to Ifaud oi error, and io issue an aLtditorfs reportthat includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted In accoidancewith ISAS IUKI wiu always detect a material misstaiemenr when it exists. Misstaiements can arise from Iraud or e¥rorand are considered material if, indlvidually or in the aggregate, they could reasonably be expected to intluence the economic decislons of users taken on ihe basls ol these financial statements As partof an audit in accordance with ISAS IUKI. we exercise profe5sionaljudgment and rnaintain profèssionaL scepticism throughoutthe audit. We also: Identify and asse5S the risks ol material mlssiatement ol Ihetinancialststements. whether duelo liaud or errof, design and perform audit procedures responslveto those risks, and obtsln audit evidence that is sufficieni and approprlate to provide a basis tor our opinion. The rlsk of not detecting a material misstatement resullingfrom Iraud is higherthan for one resulting Irom eryoi. as fiaud may involve collusion, forgery, intentlonal omi55ions, mlsrepresentatlons. orihe overiide ol internal control. OtAain an understandlng of internal control lelevani to the audit in oidei lo deslgn audSt pro¢eduresthat are appropriate In the clrcumstanees, but not forthe purpose of expresslng an opinion on the effectiveness of the chaiitys iniernal cofitrol. Evaluate the approprlateness of accountlng pots'cies used and the reasonableness of accouniing estimates and related disclosures made bythe trustees. Page 5
ULLIEJOHNSON CHARITABLE TRUST INDEPENDENT AUDITORS REPORTTOTHETRUSTEES- conllnued forthe year ended SApri12024 Conclude on ihe appropriateness otlhe Irusiees. use of the going concern basis ol accounting and. based on the audii evidence obtained. whether a mateiial uncertainty exist5 related to events or conditiollslhat may cast significant doubt Dn the charity'5 abitity to continue as a gtsingcon¢em. If we conclude that a material uncertainly exists. we are required to drawattenlion in ourauditor's report to the related disclosures in Ihe rinancial statements or. if such disclosures are inadequate, to modityour opinion. Our concluslons are based on Ihe audit evidence obtained up to the date of ouraudilofs report. Howevei. future events or conditions may ¢ause the charity to cease to conllnue as a going concern. Evaluate the overall presentation, Slructure and contentof the financial statement5, includlngthe disclosures, and whetherthe financlal statements representthe underlyingtransactions and events In a manner ihat achleves fair presentation. We Communlcatewith those chaiged wrth governance regaidini amongother matiers, the planned Scope and liming otthe audit and significant audit findings. includlng any significantdeticiencies in internal controllhat we Identify during oui audit Use of our report This report is made solelyto the ¢harity's trustees. as a body, in accordance with Part 4 01 the Charities IAc¢ounis and Reporrsl Regulations 2008. Our audit work has been undertaken so thatwe might State to the charity's trustee5 those matters we are required to state to them In an audltor's reportand foi no othei purpose. To the luuest eent peimitted by law. we do not accept or assume responsibilltytg anyone otherthan the charity and Ihe charlty's Irustees as a body, for our audil worL lor this report. orfoithe opinions we have forrned. Rl¢hard Gold (Senlor or alld on bebaifof Barnetl RaY¢llscroft Limited Chartered Accountants and StstutoryAuditors tatutoryAudltorl 13 Portland Ro4d Edgbaston Blrmingham B169HN Date". 9 Augug12024 Page 6
LILLIE JOHNSON CHARITABLETRUST STATEMENTOF FINANCIALACTIvlEs forthe yea¥ended 5Apr112024 INCOMING RESOURCES Unrestrlcted Funds Notes 2024 2023 In¢omlngresource$ from generated funds". Investment Income Loan Interest Rents from Propel 175,844 5,379 31.320 172,263 1.206 31.320 Totslincoming resources 212,543 204.789 RESOURCES EXPENDED Chaiitable Activities Costs ofGenerating Funds Governance Cost 205,596 27,327 10.366 186.816 42,442 10,635 Totalresource exponeded 243.289 239,893 NET IDEFICITI FOR THEYEAR 30,7461 35,1041 STATEMENTOFOTHER RECOGNISED GAINS Net Ideficitl for the year InvestmeniGainsllLossesl Realised Unreallsed 30,7461 35.1041 3.529 166,6861 2,356 1 441,9141 Net movemenr In funds in year 193,9031 1 474.6621 Funds brought fotward 7,439.264 7.913.926 Funds carried forward 7,245,361 7.439.264 The statement of financial activities includes allgains and losses in the yearand therefore a separate statement of total reco¥nised gains and losses has not been prepared. The notes on pages 9 (9 11 form part ol these accounts Page 7
ULUE JOHNSON CHARITABLETRUST BALANCE SHEET forlhe yearehded 5 Aprll 2024 Notes 2024 FIXEDASSETS Investments Investment P¥opertles 2023 5,891,181 1.124.490 6,204,036 1,124,489 CURRENT ASSETS Debtors Cash at Bank 180,655 52.521 233,176 56,563 57.662 114,225 CURRENTLIABILMES Crediiors 3.486 3.486 NE[ CURRENT ASSETS 229.&JO 110.739 NET ASSETS 7.245.361 7,439,264 FUNDS Unrestri¢ied Fund 7,245,361 7,439.264 Thetinanclalstslements were approved L)ythe tsustee5 on 20 Novembef 2024 and slgned on its behalf by VMCL¥IT Trustee The notes on pages 9 to 11 lorfft part ofthese accounts Page 8
ULLIE JOHNSON CHARITABLE TRUST NOTESTOTHE ACCOLINTS forthe yoar ended 5Aprll2024 ACCOUNTING POLICIES a AceouDting eonventio The principal accounting policies are summarised below. The accounting policies have been appued consistentlythroughout Ihe year and the precedingyear. Basis of accounting The financial statements are prepared uFkderthe historicalcost convention and In accordance Wbth the Statement of Recommended Pra¢tice'A¢counting and Reports"ng by Charitie5.' Statemeni of Recommended Practice. issued in Maich 2005 ISORP20051 and the Charities Act2011. b Income Interest from bankdeposits and income from investment5 15 brought to the credit ol the Statementof Financial Aciivities when it is ¥eceiveil by the Charity. c Resources expended Expenditure on charitable activities, governance and generating funds is recogniserl on an accruals basis. Grants payable are recognised within the yeai In which payments have been approved d Value Added Tax Value added tax is not recoverable bythe Charity and as such is incl(Eded in the relevent costs in the Statefflent ot FinancialActivities. È Governance Cost Expenrliture on managefflent and administration of the Charity. f Investment$ Stock Exchange Investments are stated at Marketvalue £5,891.18012023.- É5.820,5811. Historical Cost £5.752,96012023.' £5,124.4051 at the Balance Sheet dale. Realised and unrealised gains and10sses on invesiments are dealt with in the Staiemeni of FinancialA¢tivities. 2. INVESTMENT INCOME 2024 2023 Listed Stock Exchange Investments 175,844 172.263 Page 9
ULLIEJOHNSON CHARITABLE TRUST NOTESTO THE ACCOUNTS forthe year ended 5Aprll 2024 DONATIONS PAID DURINGYEAR 2024 2023 Ambulance Stall Charity BBS UK Benedetti Foundation Bentley Beginning Birminghamyouth Theatre Blesma Brain Tumour Research Britlsh Wireless ForThe Blind Cafers Tlust Childhood Eye Cancer Childien Liver Disease CountryAirAmbulance Crackerjacks Deafblinij Edwards Trust Family Cale Trust EdgbasionArchery + Lawn Tennls Society The Foundation Funky Kids Haiboine Family Carnival Happy Day Henley In Arden Pre School Hurdle lald School Klds Kids Cancer Charfty Guide Dogs For The Blind Hamptonlsolihull Ciicket Club Kemp Hospital L.E.C. Worcester Little Hearts Matter Little Slsteis Of The Poor Lord Mayors Charity Quiz Fund Lupus UK Macular Society Matie Curle Macs Marches Family Network Mclntyre Mlsfits Music Myton Hospice Nuneaton & Warks Equesirfan Nurses Lifeline Parenting Mental Health PrincesTrust R.N.l.B. Royal National College ForThe Blind St. Johns St. Pauls School 1,000 1,000 1,000 5.000 1,000 2,000 2.OQO 1.000 1.000 1.000 1.000 1.000 1.000 i.[0 2,000 3.100 1.000 1.000 2.000 1.000 1,000 1,000 1.500 1,019 1.000 5,000 1,000 1,000 2.000 1.000 1.200 1.000 35.000 40,000 1,000 1.000 i.soo 1,500 1.000 1,000 1.000 1.000 1.000 1,000 1,000 1.000 1.000 1,000 1,000 4.000 1.000 1,000 4.000 1,000 10,000 Carried forward 89,119 71,700 Page 10
ULLIEJOHNSON CHARITABLE TRUST NOTESTOTHEACCOUNTS forthe yoar endod SAprll2024 DONATIONS PAID DURING YEAR 2024 2023 Boughi fOard 89,119 71.700 Services For Education Shipston Home Shine Sight5avers Soundabout Spark BurnoOd Spinal InjuiriesAssoc Stage 2 rime 4 Hope Tiny Tlms Childrens Centre Tipton Food Bank Walsall Societyfor the Blind Theway West House School Willow Young Livesvs Cancer Young People FJ15t 1.000 1,000 1,000 2,000 1.000 1,000 i.ooo 1.000 1,200 1,000 1,000 1.200 1.000 1.000 10,000 1.000 1,000 I,ooo 115,319 90.277 5,000 Donations under£l,00011891 78.900 107,916 Donationsio Institutions 205,596 186.816 COSTS OF GENERATING FUNDS 2.024 2023 Property Outgoings Porttolio Management Charge 14.102 13.225 27.327 3,408 39.034 42.442 Page 11
ULUEJOHNSON CHARITA8LETRUST NOTES TOTHE ACCOUNTS torthe year ended 5Apr112024 5. GOVERNANCE CQSTS 2024 2023 Auditors Charges ConsuLtancy Charges ChariiyAdrnlnistratlon Charges Meeting Expenses Bank Chaiges 2,676 2,200 S,400 60 30 10,366 2.832 2,200 5,400 120 83 10,635 No Expenses were relmbursed to the Tiustee5 during the year12023- £Nill. The consullancy charges were madeto V M C Lyrtle. The chaiityadmlnistratlon charges wereto I W Desmond. INVESTMENTS 2024 2023 Maiketvalue at6April 2023 Acquisitions at Cost Disposal Proceeds Realised Gains Llnrealised GainsllLossesl 5.820.581 5,422.531 15,188,775) 3,529 1166,6861 6.431,364 11.112.165) 2,356 1441,9141 Marketvalue at 5Apri12024 5.891,180 5,820,581 Cash atstockbrokers 6,474 5,897,654 383.455 6,204.036 7. INVESTMENTPROPERTIES 2024 2023 Freehold Properties.. As at 6April 2024 1.112,489 1.124,489 The Tiustees are of the opnion thai the markeivalue of the propertles are £1.480,000. Howeveiwithout a prolessionalvaluatlon the trustees do notwish to refleci the revaluation surplus. DEBTORS 2024 2023 Loans Olher Debtors 176.256 4,399 180.655 50.700 5.863 56,563 g. CREDITORS 2024 2023 Accruals Other 2,676 810 3,486 2,676 810 3,486 Page 12