2023-04-05-accounts - The Jones 1986 Charitable Trust

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		Page
Trustees' Annual	Report	1to4
Auditors' Report		5to 7
Statement of Financial Activities
Balance Sheet
Statement ofCash Flows		10
Notes		11to 19


Bankers		National Westminister		Bank Pic
		Nottingham Smiths Branch
		16South Parade
		Nottingham
		NG1 2JX
Investment	Advisers	Rathbone Brothers Pic
		8 Finsbury Circus
		London
		EC2ivi 7AZ
		Charles Stanley	&Co.	Limited
		55 Bishopsgate
		London
		EC2N 3AS
Auditors		Dafferns LLP
		Registered Auditors
		Chartered Accountants
		One Eastwood,	Harry Weston Road
		Binley Business	Park
		Coventry
		CV3 2UB
Solicitors		Keystone Law			Cleggs
		48 Chancery Lane			Apex Court
		London			Ruddington		Lane
		WC2A ljF			Wilford
					Notting	ham
					NG11 7DD
Charitable	No.	327176

				Unrestricted	Unrestricted	Expendable	2023	2022
				Income		Endowment
				Fund		Fund	Total	Total
			Note			E		E
INCOME AND ENDOWMENTS	FROM:
Investments				1,392,291			1,392,291	1,389,688
TOTAL INCOME AND ENDOWMENTS				1,392,291			1,392,291	1,389,688
EXPENDITURE ON:
Raising Funds
Investment Management Costs				82,809		82,809	165,618	182,084
Property Expenses				76,832			76,832	77,727
				159,641		82,809	242,450	259,811
Charitable Activities
Charitable Grants				1,116,110			1,116,110	1,065,950
Cost ofGrant Making
Grant related support costs				112,881			112,881	92,517
				1,228,991			1,228,991	1,158,467
TOTAL EXPENDITURE				1,388,632		82,809	1,471,441	1,418,278
NET INCOME / EXPENDITURE
BEFORE OTHER RECOGNISED
GAINS AND LOSSES				3,659		(82,809)	(79,150)	(28,590)
OTHER RECOGNISED GAINS AND		LOSSES
Unrealised Gain/ (Loss) on Revaluation			of Property					49,000
Realised Gain/ (Loss) on Sale of	Property							42,500
Realised Gain/(Loss) on Investment		Assets			(1,077,327) (1,077,327)			409,689
Unrealised Gain/ (Loss) on Investment			Assets		(2,784,328) (2,784,328)			817,000
					(3,861,655) (3,861,655)			1,318,189
NET MOVEMENT IN FUNDS				3,659	(3,944,464) (3,940,805)			1,289,599
RECONCILIATION OF FUNDS
Total Funds Brought Forward				1,303,908	50,655,630 51,959,538 50,669,939
Total Funds Carried Forward				1,307,567	46,711,166 48,018,733 51,959,538

	BALANCE SHEET	BALANCE SHEET
	AS AT 5APRIL 2023
		2023		2022
	Note
FIXEDASSETS
Investments		40,448, 142		44,464,803
Investment Properties		6,205,000		7,039,000
Tangible Fixed Assets
Total Fixed Assets		46,653,142		51,503,803
CURRENT ASSETS
Debtors	9	207,233	279,900
Cash at bank and in hand	10	2,152,890	1,380,535
Total Current Assets		2,360,123	1,660,435
CREDITORS
Amounts falling due within one year	11	(704,177)	(931,450)
NET CURRENT ASSETS		1,655,946		728,985
TOTAL ASSETSLESSCURRENT	LIABILITIES	48,309,088		52,232,788
CREDITORS
Amounts falling due after
more than one year		(290,355)		(2?3,250)
NET ASSETS		48,018,733		51,959,538
FUNDS
Expendable Endowment	13	46,711,166		50,655,630
Unrestricted Income	13	1,307,567		1,303,908
TOTAL CHARITY FUNDS		48,018,733		51,959,538

		2023		2022
	Note	F
CASH FLOW FROM OPERATING ACTIVITIES
Net Income/(Expenditure) for year (as per SOFA)		(79,150)		(28,590)
Adjustment for:
Dividends, interest and rents from	investments	(1,392,291)		(1,389,688)
Depreciation charge for year				500
(increase) / decrease in debtors		72,667		49,777
increase / (decrease) in creditors		(210,168)		(184,270)
Net cash provided (for) / by operating activities		(1,608,942)		(1,552,271)
CASH FLOW FROM INVESTING ACTIVITIES
Sale of investments		11,421,496		10,931,567
Dividends, interest and rents from investments		1,392,291		1,389,688
Purchase ofinvestments		(9,916,043)		(10,693,968)
NET CASH FLOWS FROM
INVESTING ACTIVITIES		2,897,744		1,627,287
CHANGE IN CASH AND CASH EQUIVALENTS		1,288,802		75,016
Cash and cash equivalents brought	forward	2,324,448		2,249,432
CASH AND CASH E UIVALENTS
CARRIED FORWARD	10	3,613,250		2,324,448
Anal sis ofchan es in net debt:		5April 2022	Gashflows	5April 2023
			E
Cash and cash equivalents		2,324,448	1,288,802	3,613,250

PROPERTY EXPENDITURE
	2023	2022
		E
Light, Heat, Rates and Water	5,990	3,856
Insurance and Security	8,837	16,798
Professional Fees and Advertising	31,167	26,330
Service charges	28,338	21,445
Refurbishment	2,500	9,298
	76,832	77,727

CHARITABLE GRANT	S									2023
Purposes Beneficial to		the		Community
Bassetlaw Food Bank										5,000
Citizens Advice Ashfield										9,500
Clifton NG11 Foodbank										25,000
Fareshare										7,000
Friary										4,500
Greenway Centre										5,000
Hope Nottingham										10,000
Kingsway Hall Management			Trust							4,500
Malt Cross										5,000
Mansfield Woodhouse	Community					Development			Group	2,500
NIDAS Nottinghamshire		Independent					Domestic		Abuse Services	5,000
Nottingham Central Women's				Aid						5,000
Nottinghamshire Community				Foundation				-NCF		59,500
Nottingham Narrow Boat										9,000
Notts County Foundation										5,000
Now Church										3,000
Pulp Friction CIC										2,500
Remar Association UK										3,000
Renewal Trust										12,500
Rosiemay Foundation										5,000
Sneinton Hermitage Community Social Action Hub					Association					4,300 4,500
STAA StPeter's United Charities										5,000 4,000
Summerwood Lane Community					Garden					1,500
										206,800
Education
Literacy Volunteers										7,000
Read For Good (QMC)										7,500
RISE Learning Zone CIC										1,000
Schoolreaders										3,000
										18,500

					2023
Relief of Sickness or Disability: General
Dove Day Cottage Hospice					5,000
Improving Lives Notts					5,000
Lincolnshire &Nottinghamshire				Air Ambulance	299,210
Motor Neurone Disease Association					5,000
Nottingham Counselling	Service				5,000
Nottingham Hospitals Charity					50,000
Nottingham Multiple Sclerosis			Therapy		8,000
Nottinghamshire Hospice					150,000
Notts Royal Society forthe		Blind		/ My Sight Nottinghamshire	15,000
Open Minds					7,500
SHE UK					6,000
West Area Project					4,000
					559,710
Welfare ofthe Aged
Age Concern Mansfield					3,700
Cornwater Evergreens					5,000
Good Companions					3,500
HandMade Theatre					3,000
Trent Dementia					2,500
Trinity Methodist Church	Now		Trinity Centre		7,500
Wainman Trust					5,000
Wollaton Park Community		Association			900
					31,100
Welfare ofthe Young
Belvoir Cricket &Countryside			Trust		3,000
Casy					5,000
Children's Bereavement	Centre				5,000
Focus on Young People	in	Bassetlaw			2,000
Freedom Foundation					3,000
Happy Days					2,000
Imara					3,500
Jigsaw					1,000
Little Hearts Matter					5,000
Newark Emmaus Trust					5,000
Newlife					5,000
Nottinghamshire Clubs for		Young People			3,000
Notts. Wildlife Trust					5,000
Open Homes Nottingham					5,000
Pintsize Theatre Company					5,000
Sneinton Town FC					2,500
Whizz Kidz					5,000
Wild Things					5,000
YMCA (Newark 8 Sherwood)					5,000
					75,000

						2023
Accommodation
Betel of Britain						15,000
Emmanuel House Support Centre						150,000
Hetty's						20,000
Host Nottingham						3,000
Nottingham Playhouse						32,000
						220,000
Other
Support Through		Court	Nottingham			5,000
						5,000
						1,116,110
SUPPORT COSTS INCLUDING GOVERNANCE COSTS					2023	2022
					E	E
Legal Fees					24,481	23,198
Administration, Audit Fee	Accountancy			and Taxation Fees	74,637 5,400	63,382 4,400
Sundries						50
Printing, postage,		stationery		and office consumables	8,363	987
Depreciation						500
					112,881	92,517
INVESTMENTS						2023
						E
Market Value at 6 April			2022			43,520,890
Additions						9,902,102
Disposals Equalisation Income						(10,587,496) 13,941
Realised and Unrealised			losses			(3,861,655)
Market Value at	5 April 2023					38,987,782
Cash held for Investment			Purposes			1,460,360
Total						40,448,142

INVESTMENTS CONT..	.
Analysis ofInvestments			2023	2022
Quoted Investments
Bonds			8,435,066	9,168,487
Equities			24,940,171	27,040,064
Alternative Investments			5,224,585	6,841,645
Property			387,960	470,694
			38,987,782	43,520,890
Cash held for Investment	Purposes		1,460,360	943,913
			40,448, 142	44,464,803
The historical cost of investments		at 5 April 2023was f39,403,569.
INVESTMENT PROPERTIES
				2023
At Cost or Valuation
As at 6 April 2022				7,039,000
Revaluation
Disposals				(834,000)
As at 5 April 2023				6,205,000

TANGIBLE FIXEDASSETS
	C~om	uter
Cost
At 06 April 2022		1,502
At 05 April 2023		1,502
Depreciation
At 06 April 2022		1,502
At 05 April 2023		1,502
Net BookValue
At 05 April 2023
At 06 April 2022


9.	DEBTORS						2023	2022
							E
	Rents Receivable Other Debtors						195,114 12,119	257,084 22,816
							207,233	2?9,900
10.	CASH BALANCES
							2023	2022
	Cash at Bank Cash Held by Investment	Advisors					2,066,799 86,091	1,292,843 87,692
							2,152,890	1,380,535
	Analysis Of Cash And Cash Equivalents
	Cash held for investment Cash at bank and in hand	purposes					1,460,360 2,152,890	943,913 1,380,535
							3,613,250	2,324,448
11.	CREDITORS						2023	2022
	Amounts falling due within	one year
	Trade creditors VAT Grants Committed Deferred Income Accruals Deposit Repayable Service Charge						42,955 12,514 462,107 74,T47 56,985 50,731 4,138	35,010 18,445 683,490 82,426 57,210 50,731 4,138
							704,177	931,450
	Amounts falling due after more than		one year
	Grants Committed						290,355	273,250
	Deferred income relates to property		income received	in advance.
					Under	1 year	Over 1 year f	Total
	At 6April 2022 Additions in year Amounts released to income				82,426 74,747 (82,426)			82,426 74,747 (82,426)
	At 5 April 2023				74,?47			74,74T

future minimum lease pa	yments. There are no contingent	rents:
			2023	2022
Within one year			352,508	432,108
Between one and five years			896,882	1,087,999
In over five years			537,936	716,844
			1,787,326	2,236,951
ANALYSIS OF NET ASSETS BETWEEN FUNDS		Unrestricted	Expendable	Total
		Income	Endowment	Funds
		E	E	E
Investment Assets			46,653,142	46,653,142
Current Assets		2,281,360	78,763	2,360,123
Creditors		(973,793)	(20,739)	(994,532)
Net Assets at 5April 2023		1,307,567	46,711,166	48,018,733
GRANT COMMITMENT	RECONCILIATION
			2023	2022f
Commitment at the start	ofthe year
Payable in less than one year (Note 11)			683,490	951,118
Payable in more than one year (Note 11)			273,250	220,489
			956,740	1,171,607
Grants committed during	the year (Note 4)		1,116,110	1,065,950
Grants paid during the year			(1,320,388)	(1,280,817)
			752,462	956,740
Commitment at the end	ofthe year
Payable in less than one year (Note 11)			462,107	683,490
Payable in more than one year (Note 11)			290,355	273,250
			752,462	956,740