Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E Charlty number: 701658 THE JACK PATSTON CHARITABLE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST CONTENTS Pag6 Rgferenc• and admlnlstratlvo detalls of th? Charlty, it$ Trustees and advl8•rs Trustoe$' report Independent axamlnerfs report St*temont of flnancial actlvities 8alan¢g shegt Notes to the financlal statements 9-18
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED S APRIL 2023 Tru8ts&s C J U Applegale S G Knipe D Jackson Charlty regl$tèTed number 701658 Principal offlc Blfckles Solicltor8 LLP Grant House 101 Bourges Boulevard Petethrough PE11NG Indopondgnt Examlnor Christopher Bagnall FCA Grant Thomton UK LLP Chartered Accountants Vlcloria House 199 Avebury Boulevard Milton Keynes MK9 1AU Bankers Barclays Bank PLC 1 Church Slieet Pel&rborough PE1 1XB SollGItois BuGkle$ SoliGf(ors LLP Grant House 101 Bourges Boulevard Pelert)orough PE1 1NG Inv95tmont managgTS 8arratl & Cooke SloGkbTokers 5 Opie Street Nomich Norfolk NR13DW Valuers and land agents Stephen Knip8 & Co la Abbey Road Bourne Lincolnshire PE10 9EE Pagè 1
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2023 The TTuslee$ present their report together with the financial Statements for the year ended 5 April 2023. The TTuslees confirm that the Trustees, report and financial statements of the Charity comply wf(h the current slalutory requirements, the requirements of the Charivs governing documgnt and the Provisions of the statement of Recommended Practice ISORPI, applicable to charities preparing their account5 in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211gffgctivo 1 January 20191. ObjectiVO5 and actlvltles . Pollcles, obJectlve8 and achlÈvem6nts The trust is a grant making charity, the Trustees recelve and respond to written reque8t8 for funding. The trust's objects, as set out in the trust deed, remain unchanged. Thg end¢)wmont fund and the income is to be applied for such charitable purposes as the Trustees may from time to lime at their absolute discretion think fil, particulady in Leicesler8hire and Cambridgeshire and with particular regard to the praservation of wildlife. the environment, the advancemenl of religion and the preservation of mral church fabric. The grants paid out during the year are set out in nolgs 4 and 5 olthe fin8ncial 8talem8nts. In setting objectives and planning for 8CtiMties, the TTuslees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidanc8 'Public benefit.. running char¢ty (PB2)'. b. Maln achlevem8nts Durlng the year the Charity paid grants totalllng £95,00012022'. £94,000} lo a 8ignrficant numb8r of bengfi¢iaries, see note 5 for the schedule of grants. The beneficiaries used Ihe grant funding for a larg8 number of different causes, th9$9 included bul were not limited lo, frtting new heating systems, gler repairs, bellow repairn, e$$gntial repairs, general assistanco, Toof repairs and a variety of urgent repairs. P&rformance . Flnanclal Rovlew The lolal income for tha year was £113,424 compared with £120,376 for the year ended 5 April 2022. Charil8ble grants during the year totalled £95,00012022- £94,000) to 3412022- 34) institutions. There was a net deficit before movement on inve81m8nls for the year amounting to £9,694 12022 - surplus of £2,666). Net1088es on inveslm8nls amounted lo £87,470 {2022- gains of £152,116) which indudèd realised10s$8s on on investments of £6,661 12022 gains of £12,819), unrgalised losses on investments of £80,80912022 - gains of £139,297} and revaluation gain3 in relgtion to investment property of £nil12022- £nil). As al 5 April 2023 EndowTnent funds tolalled £5.440.92212022 - £5,549,798} and unre8tri¢ted reserves tol8llèd £54,09412022- £42,382). Pagg 2
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2023 Perfomiance (contlnuedl b. Res•rv05 policy The funds, all of which aT8 unrestricted, are apportloned bètween axpendable endowment and Income. Although both are expendable, the Tru8legs considar the balance on the income account lo be a free reserve available for distribution a8 grants but do not. as a matter of policy, treat the expendable endowmgnl as dislribulable. They regularly remew the manner in which the income fund may be applied in accordance with thg objectives of the chaTIty. c. Investments Inve51mgnt$ comprfse freehold propertles and listgd investments whrch are considered to havg a medium level of risk. The Truslees engage a fimi of valuers and land 8gertls to 8dvlse on the property portfolio and to value the properties every five years. Interim valuations are performed when there are indications of a significant change in the value of the propertiès. The late81 full valuation was carrigd out al 5 April 2021, Ihg Iruslees do not consider the value of the property has changed from the 2021 valuation. Rerrts Teceivable for tho year ended 5 April 2023 totalled £58,65312022- £61,889). Listed investments are reviewed in conjunction with the stockbrokers on o regular basis. At the end of the financial year, the market value of the inve31menl portfotio was £1.430,483 excluding uninvested cash, Compared with £1,506,677 at the end of the previous year. Income from listed investments was £53.808 compared lo £56.240 in the previous year. ql. Golng concorn The TTUStees have a reasonable expeclatlon that the Charity ha8 adequate resources to continue in operational exi81ence for the foreseeable future. Other than the potential effect on investment valuation8, the impact of cuirenl macroeconomic events 1$ relatively minimal. The Charty has confimi8d that il has adequate cash and investment resources for at least the next 12 month$ following the signing of these financial statements and for this Toason they continue to adopt the going concern basis in preparing thg financial statements. Structure. govgrnancg and managemènt a. Constltutlon The Charity, The Jack Palslon Charitab19 Trust, which is unlncorporaled, was eslabllshed by a charitable trust deed dated 18 May 1989. Please refer to page 1 for the registered number and registered offiGe addres3. The trustee$ who seNed during the year were.. C J U Applegat8 S G Knipe D Jackson The trustees havg assessed th8 mojor risks to whlch the Charity 18 exp08ed. and are 8ati8fied that systems arg In place to miligale 9xposure to Ihg major risks. Page 3
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2023 Structure* gov•mance and manttgomont Icontlnued) b. Method8 of appolntment or o1o¢tlon of Trustees The Trust has the statutory power of appolntlng new trustees. Statement of Trustees, rgsp¢)nslbllltle8 The Trustees are responsible for preparing the Twsle8s' report and the financtal statements in accordance with applicab19 law and regulatlons. The Charities Act 2011 reqLtire$ thg Irusloes to prepare financial slatemgnls for each financial year. The trustees have lo prepare the financial stalgmgnls in a¢cordance with United Kingdom Generally Accepted Accounllng Practlce (United Kingdom Accounting Standards and applicablo lawl, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The trustees musl not approve the financial st81ements unless they aro satisfied that they give a twe and fair view of the slate of affairs of the charity and of the incoming resources and application of r8SOUTces. including the Income and expenditur&, of the charity for that period. In preparing these financial statsments, the trustees are required to.. Select subtable accounting policies and then apply Ihem consistently., observe the methods and principle$ of the Charities SORP IFRS 1021; make judgements and accounting estimates that are feasonable and prudgnt,. Prepare the financial statements on the golng concem basls unless it is inappropriate to presume that the charity will continue In business. The Trustees are responsible for keeping adequate accounting records that are sufficiant to show and explain the Charitls transactions and disclose with reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Chartty {Accounls and Reports) Regulations 2008 and the promsions of the Trust deed. Thgy are also responsible for safeguarding the assèts of the Charity and hence for taking reasonabl& steps for the prevention and detection of fraud and other irrogulatriies. Approved by order of the members of the board of Trustees and signed on their behalf by.. C J U Applegate (Chair of Trusteès) Date.. fi z? Page 4
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2023 Indepgndont Examiner's Roport to thg Trustsgs of Th• Jack Patston Charitabl• Trust rthg Charlty.) I report on the aGGounl$ of the Tha Jack Palston Charitablè Trust for the year ended 5 April 2023 which are Bet out on pages 7 10 18. Your attention is drawn lo the fact that the Ch8rty's Iruslees have prepared the charity's account8 in accordance with the Slalemenl of Recommended Practice 'Accounting and Reporting by Charilles: Slalemenl of Recommended Practice applicable lo Chgrilies preparing their gGcounls in a¢Gordance with the Financial Reporting Standard applicable in the UK and R9public of Iroland IFRS 1021 (effe¢livg 1 January 20191 i5SUgd in October 2019 in preference lo the Statement of Recommended Praclice 'Accounling and Reporting by Charities-. Statement of Recommended Practice Iremsed 20051, issued in April 2005 which is referred lo in the Charities {Accounts and Rgportsl Regulations 2008 but has been withdrawn. l understand that the charity's trustees have done this in order for the charity's accounts to give a true and fair view in accordance with Untted Kingdom Generally Accepted Accountlng Pracllce effective for reportlng periods beginning on or after 1 January 2019. This report 15 mado solely lo the Charitls Trustees, a$ a body, in accordance with regulations made under section 154 of the Charities Ad 2011. My work has been undertaken so that I might stale lo thg Charity's trustees those mallers l am required lo state to thgm in an Indepgndent gxamingvs Tgport and for no olh8r purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone othey than the charity and the CharitlB trustees as 8 body, for my work. for this report, or for the opinlons I have formed. Rospectlvg Responslbllltles of tru$tOgs and Examlngr The Charity's trustees are responsible for the preparation of the account$. The charitys ITu$l8e$ ¢Sider that an audit is not required for this year under section 144{21 of the Charities Act 2011 and that an independent exarninalion is needed. 1118 my responsibilily to.. examine the accounts under section 145 of the Charities Act 2011- follow the procedures18id down in the general Directions glven by the Charity Commlsslon under sedlon 14515)Ibl of Ihg Chariti8s Ad 2011., and Slalo wholhor particular matters have come lo my attention. Basis of Independent Examlnerfs Report My examination was carried out In accordance wllh the general Dlrections given by th8 Charlty Comm188lon. An examination in¢ludes a comparison of the accounts with the accounting records kept by the Charity. It also includes consideration of any unusual item5 Qr dis¢losuT8$ in the accounts, and s8eking explanations from you as trustees concerning any svch matters. The procedures undertakgn do not provid9 all the evidence that would be required in an audit, and consequently no q)inion is given as to whether the accounts present a 'lru@ and fair view, and the report is limited to tho88 matter8 Set out in the Statement below. Page 5
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED S APRIL 2023 Indfrpfrndont Examlner's 8tstemgnt In connection with my axamination, no matter has come to my attgnlion: which gtves me reasonable cause lo believe that in any maleTial respect the requirement8: to keep accounting records in accordance with section 130 of the Chafilies Act 2011: to prepare gccounts which accord with the accounting records,. and to comply with the applicable requirements conceming the form and content of accounts sd out in the Chartties (Accounts and Reports) Regulations 2008 have not been mel,. or lo which, in my opinion, attention shoutd be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Dated.. 21/11/2023 Christopher Bagnall FCA Grant Thomlon UK LLP Chartered Accountants Milton Keynes Pag& 6
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2023 Endowmont Unrestrlctod fund8 funds 2023 2023 Total funds 2023 Total funds 2022 Note Incomlng resources: Inve8lm&nt income q13,424 113A24 120,376 Tot81 Incomlng resources Expendlture on: Raising funds Charilablg activitias.. Direct costs- grants Support costs 113,424 113A24 120.376 6,001 6,001 7.950 95,000 22.117 96,000 22,117 94,000 15. 760 Total expgndlturg 123,118 123.118 117,710 Net {10ssesygain$ on Invèslmenls (87.470} 187,4701 152. 116 Not lexpendlturelllncome Transfer8 between funds (87,470) (21.4061 19,6941 21N06 197,1641 154, 782 12 Ngt movement In funds 1108,8761 11,712 197,1641 154, 782 Rgconclllatlon of funds: Total funds brought foNard Nel movement in funds 5,549,798 1108,8761 42,382 11,712 6,692,180 197,1641 5,437,398 154, 782 Total funds Garrlgd f0Thrd 6.440.922 54,094 5,495,016 5,592. 180 The Statement of Financlal Actimlies include8 all galn8 and Iosseg recognised in the year. The notes on pages 9 to 18 fomi part of these financial Slalements. Page 7
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITA8LE TRUST BALANCE SHEET AS AT 6 APRIL 2023 2023 2022 Noto Flxed assèts Inve81menls Investment PTQP9rty 1,430.483 3,972.500 7,506,677 3,972,500 SN02,983 5.479.177 Current assots Debtors.. amunts falling due within one year Cash at bank and in hand 10 68.309 30,221 82,920 36,940 98,530 119,860 Creditors: amounts falling due within one year 11 (6.4971 (6,857J Not curront assets 92.033 113,003 Total not assets 5,495,016 5,592, 180 Charity funds Endowment funds Unreslricled funds 12 12 5,440,922 54,094 5,549, 798 42,382 Total funds 6,496.016 5,592. 180 The financial stalemgnls were approved and aulhoii88d for Issue by the Trustees and signed on their bohalf by. "kJ- C J U Applegate Trustee Dale.. The notes on pages 9 to 18 fom part of these financial statements. Pa98 8
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Accountlng pollcles 1.1 Ba$1$ of preparatlon of flnanclal statements The financial slalements have begn prepared in accordance wllh the Charille8 SORP IFRS 1021 Accounllng and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of ITeland IFRS 1021 {effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Ropublic of Ireland IFRS 10218nd the Charities Act 2011. The financi818lalemenl8 have been prepared to give a Yrue and fairf view and have departed from the Chgrilies {Accounts and Reports) Règulations 2008 only lo the extent required to provide a 'lrue and fai¢ vigw. This departure has involved following the Charities SORP IFRS 102} published in October 2019 rather than the Accounting and Reporting by Charitigs.. Statem8nt of Recommended Practice effective from 1 April 2005 which has Since been withdrawn. The Jack Patslon Charitable Trust meets the dafinllion of a publlc benefit enllty under FRS 102. See page 1 for the charty number, the registered office addres5 and the trustees. The finanGial statements are presented in Sterling {£}. 1.2 Golng concem The Trustees havè a reasonable expectation that the Charity has adequate Tesources lo continue in operational existence for the foreseeable future. Other than the potential effect on invgslmant valuations, the impact of Tecent macroeconomic events is relatively minimal. The Charity has confirmed that it has adequate cash and investment resources for at least the next 12 month8 following the signing of these financial statements and for thi$ reason th9y continue lo adopt the going concern basls in preparing the financial statements. 1.3 Fund accountlng General funds are unrestricted funds which aro availabl& for U50 al the di5crotion of the Trustees in furtherants of the general objedive8 of the Charity and which have not beon dosignated for other purposes. Enilowment fund8 represent those assets which musl be permanently held on trust by the Charlty. The endowment funds are expendable. Invgslmgnl income, gains and losses are allocated to the appropriate fund. 1.4 Income All income is recognised once the Charity ha8 entitlement to the Income, It is probable that the inGome will bg reGeived and the gmount of income receivable Can be m&asured reliably. Rent receivable is recognis8d during the period lo which it relates. Investment Income18 recogni8ed when receivabl8. Page 9
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Accountlng pollcles {contlnuedl 1.6 Expenditurn Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. St is probable that a transfer of economic benefits will be required in selllemenl and the amount of th8 obligation can be measured reli8bly. All exp8nditur8 is accounted for on an a¢Gruals basis. All expensès including Support Costs and governance costs are allocated to the applicablo oxpendilure headings. Support CO8ts are those costs incurred directly in support of expenditure on the objects of the Charity. Govemance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requSrem6nls. Costs of generating funds are costs incurred in attracting voluntsry income, and those Incurr in trading actwilies that raise fund$. Expenditure on raising funds includes all expenditur8 incurred by the Charity to raise fund$ for ils chwilablg purposes and includes costs of all fvndTaising actItIeS events and non-charilable trading. Exp8nditure on charttable activities is incurred on directly undertaking thg activilles which further the Charrtls objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those ca$gs where the offer is conditional, such grants being recognised 88 expenditure when the conditions attaching a fulfilled. Grarts offered subject lo Conditions which have not b98n met al the year end are noted as a commitment. but not ?rUed as expenditure. 1.6 Interèst rec8ivablo Interest on fund8 held on deposit is included when receivable and thg 8mounl can be measured reliably by the Charity.. this is normally upon nolificalion of the interest paid or payable by the institution with whom the funds are deposited. 1.7 Investsn8nts Fixed asset Inve8tmen18 are a fomi of financial Instrument and are initially recognised al their transaction cost and subsequently measured at fair value al the Balance sheet dale. Ltnless the value cannot be measured reliably in which case it 18 measured al cosl le88 impalrment. Investment ggins and losses, whether realised or unrealised, are combined and presented as 'Gainsl{Loss9s) on Inv88tmenls' in the Statement of financial activi11gS. 1.8 Invostment property Investment property 1$ measured at market value basgd on existing use. A fom)al valuation takgs place every five years and interim valuations ar8 performed where ther8 are indications of a 81gnificanl change in the value of the prOpeas. No depreciation 18 provided. Changgs In value are recognised in the Statement of Financial Activities. Pag8 10
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting pollcles Icontlnuedl 1.9 Doblors Trade and other debtors are recognised al the settlement amount after any trad8 discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 1.10 Cash at bank and In h8nd Cash al bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 1.11 Credltors Liabilities are recognised when there 13 an obligation al the Balance sheet date as a result of a past event, il is probable that a IT?nsfer of economic benefit will be required in settlement, and thè amount of the settlement can be estimated reliably. Liabililios are recognised at the amount that the Charity anticipates it will pay to settle the debt or tho amount it has received as advanced payments for the goods or 8eNices it mu31 provlde. 1.12 Flnanclal Instrurnents Thg Charity only has financial a$sg18 and financial liabilities of a kind that quallfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and sub8equenlly measured at their settlement value with tho gX¢gplion of bank loans which are subsequently measured al amortised cost using the effective interest method. Debt Inslruments {other than thosè wholly repayable or recelvable wllhin one year), includlng loans and other accounts receivable and payable, are initially measured at present value of the future cash IIows and subsequently at amortised cost using the effedive inlere$t method. Debt instruments that are payable or Teceivable within ot)e year, typically trade debtors and creditors, are measurgd, initially and subsequenlty, at the undiseounled amount of the cash or other consideration expected to be paid or received. However, if the aTrangemenls of a short-lemi instrument con81ilule a financing transaction, like the payment of a trade debt deferred beyond nonnal business lemis or In ca8e of an out-right short4erm loan that is not at mafkel ralg. the financial asset or liability is measured, initially al the present value of future cash flows discounted at a market rale of intaresl for a Similar debt inslfumenl and subsequently al amortised cost, unless il qualifies as a loan from a dirtOr in the caso of a small company, or a public behefil entity concessionary loan. Inve8tmenl8 in non-derivative instruments that are 8quty to the issuer are mgo¥urfjd'. al fair value wf(h changes recognised in the Statement of Financial Actlvllles If the 8hare8 a publicly traded or their fair value can olheMse be measured reliably., al cost less impairment for all other inveslmenls. 1.13 Operating leases: the Trust as lessor Rental income from operating lèases is cradlled lo the Statement of Financial Activities on an accruals ba818 over the leasg19rm. Pago11
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEhlENTS FOR THE YEAR ENDED S APRIL 2023 Investment Incomg Unrostrlcted funds 2023 Total funds 2023 Tot funds 2022 Rental income Dividends recelved on listed investments Interest received Wayleaves 58,653 53,808 222 741 58,653 53,808 222 741 61,889 56.240 2,239 113,424 113,424 120,376 Expendlturo on raising funds Unrestrlcted funds 2023 Total funds 2023 Tot81 funds 2022 Land agents, charges- ntaI ¢olloclion commission other costs Property In$uran¢e Investment management fee 4,493 318 710 480 4.493 31B 710 2,346 4.484 640 6.001 6,001 7,950 P8ge12
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Analysls of gxpgndlture on charitable actlvltles Summary by fund ty Unrestrlctod funds 2023 Total 2023 Total 2022 Direct C0818- Grants (Note 51 Support cost5- Solicilor8' fees Support co$ts- Ind¢pendenl examination fee8 Support costs- Accountants, fv&$ 95.000 18,157 1,200 2,760 95.000 18,157 1,200 2.760 12,052 l. 140 2,568 117,117 117,117 109, 760 Pag913
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED SAPRIL 2023 Schedule of grants 2023 Leicester8hire Historic Churches Trust St Peter's Church, Stockerston St Benedict's Church, Glinton All Saints, Church, Sutton Bassett st Andrews Church. Great Easton Holy Trinity ChuTch, Nomianlon Le Heath st Nicholas, Church, Stretton Sl Peterfs Church. Copl Oak Sl Peter and Sl Paul Church, Syston st Peter and Sl Paul Church, Grgat Casterton Sl Thomas Bethgt ChurGh, Skeffington L8ngdyk8 Countryside Trust St Leonard's Church, Southoe St Potgrfs Church, Belton-in-Rulland Christ Church, Chrlstchurch st Andrew's Church, Foxton Sl Michael and All Angels, Church, Ravenstone Sl Gulhlg¢'8 Church, Slalhern All Saints and Sl AndresV3 Church, Kingston St Edmund's Church. Egleton Clipgham Yew Tree Avenue Tru8t All Saints, Church, Tinw811 All Saints, Church, Cadeby Derby8hire, Leicestershire & Rulland Air Ambulance St Marls Church, Ansley Sl Andrew's Church. Welham The Barn Owl Trust Bat Con8eNalion Trust The Woodland Trust All Saints, Church, Wigslon Magna All Saints, Church, Gilmrton Holy Trinity Church, Hinckl8y Mountsorrel Baptist Church st Andrew's ChurGh, Ufford 5,000 5,000 3,500 3.000 3.000 3,000 3,000 3.000 3.000 3,000 3,000 3,000 3,000 3.000 3.000 3,000 3,000 3,000 3.000 3,000 3,000 3,000 2,SOO 2,600 2,600 2,000 2.000 2.000 2,0(10 2,000 2,000 2,000 1.600 1,500 95,000 All grants paid In the current and prior year were to instilulions. No support CO818 have begn allocated to grant making aclivilies. Page 14
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Indèpèndent examlnèls remuner•tlon The independent examiner'8 remuneration amounts lo £1,20012022- £1, 1401. Accountancy fees amount to £2,76012022 - £2.568}. Staff costs and Trustg9$' rgmuneratlon and exn8•S The charity has no employees, other than the trust89$, who did not rg¢0iv8 any T8mungTalDn12022- £nil). No employee reiVed remuneration amounts'ng to more than £60,000 (2022- non81. Expenses of £284 {2022 - £245) were reimbuT8ed lo truste8s 12022 - 0), £235 in relation to lunch expense5 and £49 for MilgO claim5. Flxed asset Investments Llsted Investments Cost or valuation At 6 April 2022 Additions Disposals R8v8luallons 1.606.677 246,953 1242,338) 180,809) At 5 April 2023 1,430.483 The hi$tori¢al oost of fixed asset investments held at 5 April 2023 is £1,262,603 (2022- £1,243,211). Page15
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Invostmenl property Freehold Investment proporty Valuatlon Al 6 April 2022 3,972,500 At S April 2023 3,972,500 The year end valuation of £3,972,500 12022 - £3,972.500I comprises £3,395,00012022 - £3,395,000) of vtholly ¢)wned propertios and £577.500 (2022 - £577,5001 of properties th haw share. The freehold investment propertie$ were valued at markol value based on existing use by Stephen Knipe & Co 86 at S April 2021. Tho tru$t88s do not considor the value of the property ha8 changed from thè 2021 valuation. 10. Dobtors: Amounts falllng due wlthln one year 2023 2022 Trade debtors {rent81 other debtor8 (hald by Stock Brokers) 30.003 38,306 34,321 48.599 68,309 82,920 other debtors ccmprises of cash held within the listed investment portfollo. 11. Cradltors: Amounts falllng duo wlthln one year 2023 2022 other creditors (Buckles and Stephen Knipe & Co} Accruals and deferred inoomg 2.537 3,960 3, 149 3, 708 6.497 6.857 Page 16
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 12. Statement of funds Stat•m•nt of funds- current year Tran8f•r8 botwoon funds Balance at 6 Aprfl 2022 Gainsl Balance at S ILossgs1 April 2023 Income Expondlture Unrastrlctsd fund¥ Unreslricled funds genoral 42,382 113,424 1123,118) 21,406 54,094 Endowmgnt funds Endowment fvnds 5,549.798 121,4061 187A701 5,440,922 Totsl of funds 5,592,180 113.424 1123.118) 187N701 5,495,016 Statomont of funds- prlor year Balance al 6 Apn-12021 Gainsl Balance at (Losses) 5Apnl 2022 Income Expenditure Unrestrlctsd funds Unrestricted funds- general 39,716 120.376 (117. flo) 42,382 Endowmont funds Endowment Funds- all funds &397,682 152. It6 5549,798 Totsl offunds 4437,398 120,376 (117,710) 152, 116 &592.180 Page17
Docusign En¥ÈlopÈ ID." 65A1F22C-FF3140BA-83CC-E9F5A4D25E9E THE JACK PATSTON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5APRIL 2023 13. Analygls of net aSts bgtween funds Analys1$ of net a88ets beeen funds . current year Endowment Unrestrlcted funds funds 2023 2023 Total funds 2023 Fixed asset inve81menls Investment property Crrnt assets Creditors due wlhin one year 1,430,483 3,972,500 37,939 1.430,483 3.972.600 98,530 (6,4971 60,591 16,49n Totsl 5,440,922 54.094 5,495,016 An8lysls of net assets b8tW•on fund$- prior year Endowment UnTrslricted funds funds 2022 2022 Tot funds 2022 Flxed 88set investments Investment property Curr8nl 8ssets Creditors due wi(hin one ygar 1,506,677 3,972,500 70,621 1,506.677 3,972,500 119,860 (6,857) 49,239 (6.857) Tolal 5.549, 798 42,382 1592, 180 14. Related party transadlons Mr Jackson, a trustee, 18 8 partner in Buckle8 Solicitors. During the year Buckles Solicitors charged thg trust £18,157 {2022 £12,052). Wlthin other debtors. therè are Cash and cash equivalents held on account by Buckles Solicitors lotalling £367 {2022 - £3781. Mr Knipe, a trusl6e, is a valuer and land agent al Stephen Knipe & Co. During thg year Stephen Knlpe & Co charged the trust £4,49312022 - £5,646) for rent commission and professional 8eMces and £nil foi specific professional services and advic8 in connection with land at Eye12022 - £1501. At the ygar gnd £2.39212022- £2,509) wa$ owed to Stephen Knipe & Co. 16. Post balance sheet tvonts In July 2023 the charity acquired an area of woodland of approximately 3.74 acres adjoining their existing land at Manor Fami, Stibbinglon at a cost of £26,000. Page 18