## **THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
## **ANNUAL REPORT**
**FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
# **INDEX TO THE ANNUAL REPORT**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
|Page||
|---|---|
|1|Trustees' Report|
|2|Trustees' Resonsibilities|
|3|Independent Examiner's Report|
|4|Statement of Financial Activities|
|5|Balance Sheet|
|6|Notes|
|7|Schedule of charitable donations|
**THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
**TRUSTEES' REPORT**
Charity registration number: 801622 Principal address: 4 Turner Drive Hampstead Garden Suburb London NW11 6TX. Charities Governing Document: Charitable Trust Deed dated 3rd June 1988 Trustees: Mr S.M. James and Mrs S.R. James Independent Examiner: David Pumfrey FCA Simmons Gainsford Professional Services Limited 14th Floor 33 Cavendish Square London W1G 0PW. Bankers: CAF Bank 25 Kings Hill Avenue, Kings Hill West Malling Kent ME19 4JQ.
The trustees have pleasure in presenting their report together with the financial statements for the year ended 31 December 2024 and confirm that;
- they have been prepared in accordance with the accounting policies set out in the notes to the financial statements;
- they comply with the charity's governing document;
- they comply with The Charities Act 2011;
- they comply with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
## **Appointment of trustees**
The settlor of the Trust, Mr S.M. James, has the sole power to appoint and remove trustees.
## **Aims and organisation**
The trustees have absolute discretion to pay the income or capital of the Trust Fund to charities to be used solely for charitable purposes. They have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
## **Review of progress and achievements**
The trustees continue to consider applications for donations from numerous charities and make donations to selected charities as shown in the annexed financial statements.
## **Review of financial activities and affairs**
Details of the Trust's income and expenditure for the year and its position at the year end is as shown in the annexed financial statements. The income of the trust is derived from the trustees.
## **Policy on reserves**
At the year end, the charity had unrestricted reserves of £222,030 (2023: £157,425).
The charity's reserve is a general purpose fund held for the long term commitments and obligations of the Trust to be used when donations paid out exceed incoming resources.
## **Assessment of risk**
The trustees have considered the major risks to which the charity is exposed and have put in place a system to mitigate these risks.
…............................................................S.M. James Trustee `30/10/2025 | 10:50 GMT` …....................................................2025
-1-
## **THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
## **TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming rescources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate.
The trustees are responsible for keeping sufficient 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 the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
-2-
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
**THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
I report to the trustees on my examination of the financial statements of The Susan & Stephen James Charitable Settlement (‘the charity’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related Notes.
This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of the report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (a) accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- (b) the financial statements do not accord with those records; or
- (c) the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
David Pumfrey FCA Independent Examiner Simmons Gainsford Professional Services Limited 14th Floor 33 Cavendish Square London W1G 0PW.
`30/10/2025 | 10:50 GMT`
…..........................................2025
-3-
**THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
**----- Start of picture text -----**
General unrestricted funds
2024 2023
£ £
Income
Gifts of listed investments 175,818 180,612
Deficit/surplus on disposal of listed investments (2,195) 18,509
Bank interest received 874 599
-
Investment gains 7,994
Total income 182,491 199,720
Expenditure on charitable activities
Grants payable to institutions (see page 7) 114,579 104,870
Governance costs
Independent examiner's remuneration 3,144 3,144
Insurance - 306
Bank charges 163 162
Total expenditure 117,886 108,482
Net income for the year 64,605 91,238
Balance brought forward 157,425 66,187
Balance carried forward £ 222,030 £ 157,425
**----- End of picture text -----**
-4-
## **THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
## **BALANCE SHEET AS AT 31ST DECEMBER 2024**
**----- Start of picture text -----**
2024 2023
£ £
Current assets
Listed investments at market value
-
Brought forward 114,188
Additions 175,818 180,612
Disposals (85,027) (66,424)
-
Investment gains 7,994
Carried forward 212,973 114,188
Balances at bank 15,881 50,061
228,854 164,249
Current liabilities
Amounts falling due within one year
Accruals (6,824) (6,824)
Net assets £ 222,030 £ 157,425
Represented by:
Unrestricted funds £ 222,030 £ 157,425
Approved by the trustees:
za
…..............................................................S.M. James
…..............................................................S.R. James
30/10/2025 | 10:50 GMT
….......................................2025
**----- End of picture text -----**
-5-
## **THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **1 Accounting policies**
## **Basis of preparation**
The charity is a public benefit entity and these financial statements have been prepared in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
The financial statements are for an individual entity.
## **Income**
Income is recognised once the Charity can quantify the amount with reasonable accuracy.
Income from investments is recognised in the year in which it is receivable.
## **Expenditure**
Expenditure is recognised in the year in which it is incurred and is accounted for on an accruals basis.
Expenditure is classified under headings that aggregate all costs related to the category and includes VAT where applicable, which cannot be recovered.
Grants payable to institutions are made at the discretion of the trustees.
## **Investments**
Investments in listed securities are included at market value. Realised and unrealised gains and losses are dealt with in the Statement of Financial Activities
## **Going concern**
The financial statements are prepared on the going concern basis. The trustees consider that this basis is appropriate.
## **2 Trustees' remuneration and expenses**
No remuneration was paid or payable either directly or indirectly out of the funds of the Charity for the year to any of the trustees or to any person or persons known to be connected with any of them.
No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year.
## **3 Related party transactions**
The total aggregate value of unconditional gifts of shares and donations received from the trustees was £175,818 (2023: £180,612).
-6-
## **THE SUSAN & STEPHEN JAMES CHARITABLE SETTLEMENT**
## **GRANTS PAYABLE TO INSTITUTIONS**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
**----- Start of picture text -----**
2024 2023
£ £
Breakaway 400 920
Chai Cancer Care 10,250 10,000
Community Security Trust 25,000 21,000
Grief Encounter 3,500 -
Heart Cells Foundation 5,000 5,700
Holocaust Educational Trust 10,000 10,000
Jaffa Institute - 250
Jewish Blind & Disabled 10,000 10,000
Jewish Care 25,000 20,000
-
Jewish Community School 1,000
Jewish Womens Aid 1,000 -
JW3 5,000 5,000
Lifelites 1,000 1,000
-
Magan David Adom UK 1,000
New English Ballet Theatre 150 -
Nightingale Hammerson 10,000 500
Norwood 5,000 5,000
United Synagogue 2,779 500
Wizo 500 500
World Jewish Relief - 12,500
£ 114,579 £ 104,870
**----- End of picture text -----**
-7-