Ethel James Trust Fund Re ort and Financial Statements. Year Ended 5 A ril 2024 Charlt No: 527190 Ethel James Trust Fund Contents Pa Legal and Admlnlstratlve Informatlon Rgport of thg Trusto9s Indop•ndènt Examln•rfs R•port stat•mant of Flnanclal Acllvlll•¥ Balan¢0 Sho01 Not•s fomilng part ol tho Ilnanclal statements 7-10 Elhel Jamés Trust Fund Referencg and Administrative InformatiDn CA Holden PJ Taylor N Barne8 PrincT al oifice Ri¥8rsid8 House Kin9s Roach Busin&ss Park Yew Stre81 Slockport SK4 2HD nt Man rs Ainold Stansby & ¢0 Llmil•d 3rd Floor Fabric 30 Quèarn Slraèl Manchgstgr M2 SJJ da endenl Exam Halliday5 Riverssde House Klngs Reach 8uslngss Pa Yew Slre81 Stockport SK4 2fr10 Bankers Tho Royal Barbk ol S0)t￿rtd DwmmoTrd House 1 Rtrdheughs Avenue Edinburgh EH129JN Solicilors Cooper Sons Harlley and Wlllams 25 Markel Street Chapel en tg Frith High Peak Derbyshire SK23 OHS OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Ethel Jam85 Tru8t Fund The trn8t88s wèsèni Iholranrtu*l roport8nd Indop•nd0n￿Y &xaMlnthd￿0Uk￿tOTLhB ￿r￿￿jod S &0rf12024 The INstees hav8 adopied Iha [￿ls￿n$ ollha st&tsA￿l ￿le￿)mme￿￿ed pra¢N¢ts ISOIiPI haraiB9 SORP IFRS1021 •d￿k)￿o¢b)bW2o19Y •xl￿50¢0￿￿ld91od 8ocith4 oflhe Chailty Act2011"1o have r¢ggrdtogukt0r￿ bytheChDrlty C(rnlJsbn b&nofilouidan¢•.' Oflhè TIu91È@s n•merton PAO0 2 CA Hokknrt PJ T•kn. 8rKIN 8emMhabwx•ThwJ (htrmw thp lo Ihe daio olthe report. Ihw• aro no r•slrklbw on IM 4FOrkni•rAolnwlr¥slo•0 tho oJrr•nt Im51•￿ Irom mo lo Ilmo lo Inlro*xé n￿lrUIta￿l tr*y8w w •pffttsl Voslm4nt Pow•r ale no 1eslrk1￿ •J to InYoitrnDnlpu*•rnaThJ lh• Irwi••J•ngagoAfflrAd Slan3ty & ¢0 Lththd 10 gdmlnbior Ihg InvUlm￿ts. In¥e¥lmenl¥ purthws•JMd b•t*•n Ihotru1t•ts A￿¢￿1& 81eniby & Co Llmknd. Tho Ch*tyY1￿ Bet up bydtrclaravonol truEI w 250ctabgr 1973 *5 almsargAdYwK￿8D¢ oloducauon oflho wbllc. gr8nllng Assl8l1nc8 kn pros•ni orpait ￿mbern ofllL• S¢ho¢l h neGo••llou df¢um¥tan¢¥# In Iho pro￿$40￿ ol 8cholaf8h￿$. thvp*d8. and loo￿al￿p thirlknbl• In•L4utson• •••c¢l•ledvllh Norm￿10￿ S¢W. Two DI tho alm¥ ollh• Tiu*l r•lale dlTecty to N•¥m8nlon s￿￿tI..1.•. uranliry of8•￿¥1•n to prnJ•nlor p•91 mombeis ol Nom)•nlon S¢l*)d lrtne¢ots*Mou9 drturMtaTh£ots. gi￿n9 to •￿111￿ chAilloblo 888¢d&l8d ￿1h N￿m￿10Th S¢hool. Follo￿ng Ih&thxufQ ol th• S¢1￿ In 1998 andth• iubsewlc•ssoikn oladmtyollho schoots foftM•r pjplls a4so¢bllon, Ihe trwwe• pioblvms h maInlal￿ng conlacl ￿1h formJr membors ol Nomianlon School. Uursry 2016 Ihe TruslwB8 CODthclod byrnpreSeTh￿b¥oS 011(ffmèr pup￿8 ￿9$14b10Nr4 a lormef pu￿1¥ H$soK5allon lo o wocMsoI grvJAg•m•ni YAlh Iho Ti¢At. Tha Irusteos ur)dorsiandthil • new ¢orrnqK pW8 Bu0dallonh￿ r*tyokn ostsU19tL4d. The ChBAtywYI rnvknw 8ppMC•u￿ The tNsl ha$ ¢onllnu6d 10 aci In PUbl￿bo￿lItbY gNtfUThlI￿ **kxal¢har#ablg L￿￿15￿110nS vtho80 obJeotlvo$ aro b) lin8 IhDEeolthe7iusl. l.fr. 8uprxthg moot tho ¥(*N. ￿u¢*￿al ¥J culiui41 n8odJ olyoung PWF4•. The Irustew ¢(mUnttO Ihqk And procedurgB undor ro¥lv•. Tho IfU51ee5 Brg awar& ￿RI￿￿h goneraHyvarlabblntsro81 A*$. Afflay bodil￿Tr lo ￿On ￿ gon•rAUon ol suIJiGknI lunth& lo f￿nd ils aGtivthes and ffl981 Ky AccordlTrJty invosim*)lsarè fftadp kn d￿rned ￿f0 worat• 58Cw￿$Ipa￿nQ Inlorlsl #tr￿6￿¥￿￿h kketylo beGub*d loffW4U8nl ￿th￿i0n1. In4ncla Rovt*w & R•svrv•• The charlty ret4lnBd nèllncAJmingr•s¢ur¢g$of£5.851 th logelhervthh revowon &)19 oIE17.WM hav8 led to toialunreslthtad tunds Of£816.96Sb￿ canfied knydtd. Thg In￿lee5 havB a ￿l'¢Y Ihal rn58Ns¥ ol ¢lwly be kopl ala sur￿￿ntI￿¥¢lK) Y8n¢r￿ Incorne lo rovBr propD3ed chartI￿e Iknalknns. P. J. Tayl loloi IJ Ethol James Trust Fund Indè ondent examlner's re ort to the Trustees of Ethel James Trust Fund I rgport ￿ the trustees on my examlnalion of the accounls ol Elhel James Trust Fund lor Ihe year &Nled 5 Aprll 2024 which are set oul on pages 1 to 10. ResfftMSl￿Trlles andbasis olreport A5 Ihe charity tru51ees ol Ihe Trust are responslble for the prepwallon of the accounts in atcordance wllh the requirements ol th8 Ch8llliès Act 20111'lhe Acl'}. I report in respect ol my examlnallon of tho Tws180's accounts carri8d und&r 5èclion 145 01 tho 2011 Act and In carryln9 Out my 8XBminalion I have lollowèd all Ihe ap￿1¢abl• Direcuons gI￿n by Ihe Charily Commission urK$8r sectlon 14515llbl ol Ihe 2011 ch￿111￿ Act. Independ8nt 8X8min8rs slatemgnl I hav8 C(mn￿918d my examlnallon. I wnfirm Ihal no malorial matlors have come to rny atlènllon In eonnecuon with th8 exanilnallon glvlng me c8uso lo bglievg thal in any rna18rbal r8specl.. 111 accounling r8C4Yd8 wer8 nol kept in rèswl ol tha Trust as f8quirod by soctlon 130 of Ihe Act., or 121 lh8 acco￿￿1$ do ftot accord wilh thoso ro¢￿ds.. or 131 th• èceounls not com vAlh Ihe applrAble r￿u￿•ments rmcamlng the form and eonl8nl of accouiil$ sol out In the Charilies Ikcounts and R8POrtsl Regulations 2008 olhw than any requlremenl that thg accgunls give a 'truo and fair View, which is nol a maller corbsidored as parl ol an independ?nl examlnalion. I have no conceins and have come across no olher matlers In CLN)n$ellon ￿th Iho oxamlnalion to whlch allenlion should be drawn in Ihis r8POrt in order to ènabla a prop8r vnd&rslandiw ol tha accounls lo be re8¢hed. Simon L$iich-Dèvlin Chartered A¢¢ountant ICAEW Rlverside HoLtse, Kings R8ach Business Pa￿. Yew Slreol, Slockporl, SK4 2HD 20/011102 thel Jamos Trust Fund Statemfrnt ol Flnanclal A¢tfviflo1 FOT T •ar Ended 5 rll 2024 Llnrestrthd Funds Unreslricled neomln Rosource Not88 120 1202 Incomkn9 Reserve Acbvllles for G?n8ia14ng Fufyjs Inv88lm8nl Irthme 43,219 39.965 Total In¢omo R•*•N• 43.21 39,965 rco Ex ofbdlluro Cogltt ol G•nèratSng Funds Investment Managomont Costs 178 Ch8rltabl• Actlvlllès 3.OLXI 2,358 2.250 Other R•sour¢•¥ EX￿￿￿*d Total R•aource¥ Exp•nd•d N•t Incomlny R•Aource¥ B•lor• Inv•4tm•nt Galn¥ 37.851 37,$32 Othor R•eognl8•d GalnslLo IL¢s¥PProllt on Sal• of Investm•nts 14,1)96 1,161 Not Incomlng Ro8orY•s 23.755 38.371 ILo88llGalns on R•valu•tlon of Invg•¢m•n¢s 17.904 68,704 N*t m0￿MOnt ol Fund¥ 30,333 Tot41 Fur￿3 Brought Fon¥ard 841.448 Total Funds Carrl•d Forward 816,965 811 115 mos Trust Fun alanc8 Sh86t A8 At 5 rll 2024 Unreslricl8d Funds 0￿0412024 Utwéslricted Funds 0510412023 Note8 Flxed Assgts Investment8 fA19.662 642.244 Current Assels Deblor¥ Cash In bank and In h8nd 209.661 209.661 171.121 171.121 Credltor8 Amoun18 fa1￿ d￿￿￿1h one year 2,250 Not Curront Ass8ti 207,303 168.871 Amounts fallirKJ after ono ￿tyr N•1 A•¥ot• 816,965 811.115 Funds ¢+1 th• Charlly Unro8lrklod InGomo Ivnd¥ Tot81 Chailty Fund$ 816,J65 811,115 Approved by th8 Tiusle8s on....... and $wJnè n behall tho1 Jamos Trust Fund Notes to the Accounts The linan￿al slatemenlg b￿￿ ryePa￿d kn *tu￿dAnt8 C￿7￿$ Itusldopd. th9chari1￿8ACI 2011. FRS 102"Tha si*th in ts LIK *¥J ReP￿liC￿ lidand. fFRS 1￿2.}0nd lh6 Charrtkns SORP'A¢wwliryJ RotKxbr¥ by¢haribgs'. Stalomenl of Rocwr. Uabrfll•* ale 16¢0gnltsd ih0r• ￿ a ¢t￿￿￿￿M￿lithVj tho Charlty lo plly￿A r•souius. Thes? aro onty recwised bi Ihè accoun1* ts0￿ m&de and IhBre Are onthlkns to be mel fy) tho gr#nl *thich Ullhg ryjntrol ollhg Chorty. Inv¢81 Invoslmènts4utst8doM a re¢ognEswJ excThango ar¢ ¥￿ad al m*k*ivaluo al fheyew end. oth￿rI}ve￿ImeTrIS asselsaie Bil￿ li￿11￿&8. t*8195bnwlB ol Eth•1 Jamès Trust Fund Note8 to thè Accounts 3 Ana sls ol Incoml 0510412023 InvoJtmènt Income PrèfÈrètLee Shar88 Bond and Dividend Inc&m8 Bank Inl8rnst 4.523 36.162 2.534 43,219 5.087 34.167 711 39.965 4 Anaty81i or R•sourc•s Expendblurg Inv4Stmgnt Managfrment Cost Inv¢slrngnl M8nagom8nl feos 178 Chailtablv Actlvbllèl DonatKns Logal loe¥ IndepeThd8nl Ex8mWIAudl Fees 2,358 2.358 2.250 2,250 Bank Ch8rgas S Tru*tè•• Rgmun•r4tlon and Expèno Ther8 was rn iru8t8es femuneralv)n12023.. nil) nor Iher• boon any reimburBed expèn8es12023.' nill. Th18 rono¢ts Iho poli¢y adoptod ty tho Tr￿tswa to lake no remun￿￿0￿ or¢w$¢$. 6 Investmont A86•t8 Flx¢d A539t Invoslm•nl Market Value as al IJ610412W23 Aclufjsil￿fi$ al C¢sl OlsposAls al Markal Value Nèl G4in on lh8 pow11￿ 4ov¥rnonl on Cuirgnl Acco￿1 642.244 73,165 1118,7331 131,9141 44,900 Market Value as al 0510412W24 609.662 Nel Pro¢¢￿$ of Invg$kn)Bnl D￿poS81 118.733 Marketvalue of lThveslfflenls Disposal 132.829 N£t PrDlil 14.0961 Ethel Jamos Twst Ftsnd Not&8 to the Accounts co nuod 8 Dobtors and Payment Amoun15 Falling Due Wllhin (kn8 Y•ar Ir￿oMe Tax Amoun1$ Falling DuBAller One Year g Cr8dllor8 and A¢¢iu4t¥ 120 Accwuals D•lwr8d IrKorno 2.250 10 Tran¥actlons wllh R•lal•d Partb•• were no trans￿l￿)n¥ Mlh rnlalgd parties durkng lh8 year. io