Registered number: NI039603 Charity number: NIC101796
JONTHREE TRUST LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
JONTHREE TRUST LIMITED
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Notes to the financial statements | 10 - 19 |
JONTHREE TRUST LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
| Trustees | M C Fitch |
|---|---|
| G B Fitch | |
| M W F Fitch | |
| Company registered number NI039603 Charity registered number NIC101796 Registered office Gordon Street Mews 27-29 Gordon Street Belfast Antrim BT1 2LG Company secretary G B Fitch Bankers Danske Bank P.O. Box 183 Donegal Square West Belfast BT1 6JS |
Page 1
JONTHREE TRUST LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of the company for the 1 April 2022 to 31 March 2023. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 is not required.
Objectives and activities
a. Policies and objectives
The object of the charity, as set out in the Memorandum of Association, is the advancement of the Christian religion. The Christian religion shall be interpreted to mean those fundamental truths of Christianity as revealed in Holy Scripture.
b. Activities for achieving objectives
The charitable activities to achieve the charity's objective were:
-
Christian mission;
-
Bible and Christian literature; and
-
Portuguese discipleship.
c. Main activities undertaken to further the charity's purposes for the public benefit
During the year the main activities undertaken to further the charity’s purposes for the public benefit included: Providing leadership and human resource to various Christian organisations and movements for example Biblica, The International Bible Society, illumiNations Europe, Fitzroy Presbyterian Church Belfast, Restoration Ministries and South Belfast Foodbank;
Providing a place for Christian learning and reading in Belfast;
Providing resource development to International Evangelical Church of the Algarve; and Providing grant making to various Christian organisations.
Page 2
JONTHREE TRUST LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance
a. Review of activities
During the year Jonthree Trust were involved in the following projects:
-
Making grants for building new facilities at The International Church of the Algarve for youth outreach and
-
discipleship amongst English and Portuguese speakers in the Algarve Portugal;
-
Ongoing work with Biblica (biblica.com) who are involved in Bible Translation, Bible Access and Bible
-
Engagement. Michael Fitch is on the Biblica Global Board and Gillian Fitch is on the Biblica Europe Board;
-
We also participated in meetings and a conference to plan illumiNations Europe, a movement to eradicate
-
Bible poverty by 2033;
-
Partnership with Fitzroy Presbyterian Church in Belfast (fitzroy.org.uk), where our Trustees have a
-
leadership role in mission, worship, pastoral care and spiritual development;
-
Encouraging and supporting Premier Christian Communications enabling people to put their faith at the
-
heart of daily life and bring Christ to our community in the UK;
-
Encouraging and supporting the work of Prison Fellowship International, restoring prisoners lives, helping
-
their families and integrating them back into their communities for good;
-
Encouraging and supporting the work of Scripture Union Scotland’s school work in Edinburgh
-
Supporting practically and financially the work of the National Prayer Breakfast in Washington DC;
-
• A meeting, study and prayer room in Belfast; and
-
The Trustees continue to be involved in peace and reconciliation work in Ireland. Michael Fitch is currently
-
Chairman of Restoration Ministries, based in Lisburn.
During the year grants were paid to various organisations to further advance the objects of the charity. Details of these grants can be found in the notes to the accounts.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees assess the level of reserves on a continual basis to ensure that they are able to meet any commitments that could reasonably arise.
Structure, governance and management
a. Constitution
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 7th November 2000.
The company is registered as a charity with the Northern Ireland Charity Commission under the registration number NIC101796 and accepted by HMRC as a charity under the reference XR42883.
The principal object of the company is the advancement of the Christian religion. The Christian religion shall be interpreted to mean those fundamental truths of Christianity as revealed in Holy Scripture.
Page 3
JONTHREE TRUST LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
The Trustees who served during the year are as listed in the reference and administrative details of the charity on page 1.
c. Risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) 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 company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ ................................................ M C Fitch G B Fitch Trustee Trustee ................................................ M W F Fitch Trustee
25/04/2023 Date:
Page 4
JONTHREE TRUST LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Independent examiner's report to the Trustees of Jonthree Trust Limited
I report on the financial statements of the company for the year ended 31 March 2023 which are set out on pages 7 to 19.
Respective responsibilities of charity Trustees and examiner
As the company's trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
-
follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's statement
I have examined your company accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as company trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
-
that the accounts do not accord with those accounting records;
-
that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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);
-
that there is further information needed for a proper understanding of the accounts to be reached.
Page 5
JONTHREE TRUST LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
This report is made solely to the company's Trustees, as a body, in accordance with section 65(3)(a) of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's 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 company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: 25/04/2023 Chartered Accountants Ireland
Scott McCullough FCA
UHY Hacker Young Fitch Gordon Street Mews 27-29 Gordon Street Belfast BT1 2LG
Page 6
JONTHREE TRUST LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2023 £ 33,171 33,171 34,804 34,804 (1,633) 5,119 (1,633) 3,486 |
Unrestricted funds 2023 £ 145,717 145,717 127,578 127,578 18,139 124,248 18,139 142,387 |
Total funds 2023 £ 178,888 178,888 162,382 162,382 16,506 129,367 16,506 145,873 |
Total funds 2022 £ 153,835 153,835 162,700 162,700 (8,865) 138,232 (8,865) 129,367 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 19 form part of these financial statements.
Page 7
JONTHREE TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: NI039603
BALANCE SHEET AS AT 31 MARCH 2023
| Note Fixed assets Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
969 153,765 154,734 (8,861) |
2023 £ - 145,873 145,873 145,873 145,873 3,486 142,387 145,873 |
8,320 121,792 130,112 (745) |
2022 £ |
|---|---|---|---|---|
| - 129,367 |
||||
| 129,367 | ||||
| 129,367 | ||||
| 129,367 | ||||
| 5,119 124,248 |
||||
| 129,367 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ ................................................ M C Fitch G B Fitch Trustee Trustee
Page 8
JONTHREE TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: NI039603
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023
................................................
M W F Fitch
Trustee
Date: 25/04/2023
The notes on pages 10 to 19 form part of these financial statements.
Page 9
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. General information
Jonthree Trust Limited is a private company limited by guarantee, incorporated and registered in Northern Ireland under registration number NI039603.
The company's registered office is situated at Gordon Street Mews, 27-29 Gordon Street, Belfast, BT1 2LG.
The company is registered as a charity with the Northern Ireland Charity Commission under the registration number NIC101796 and accepted by HMRC as a charity under the reference XR42883.
The charity's principal activity is the advancement of the Christian religion.
The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) and the Companies Act 2006.
Jonthree Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 10
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.7 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 11
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Accounting policies (continued)
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
3. Income from donations and legacies
| Donations Donations |
Restricted funds 2023 Unrestricted funds 2023 £ £ 33,171 145,717 Restricted funds 2022 Unrestricted funds 2022 £ £ 26,607 127,228 |
Total funds 2023 £ 178,888 |
|---|---|---|
| Total funds 2022 £ 153,835 |
4. Analysis of grants
| Grants, Belfast Ministry Grants, Bible Ministry Grants, Portuguese Discipleship Grants, Other Total 2023 Grants, Belfast Ministry Grants, Bible Ministry Grants, Portuguese Discipleship Grants, Other Total 2022 |
Grants to Institutions 2023 £ 11,821 100,000 34,804 7,898 154,523 Grants to Institutions 2022 £ 9,313 105,000 34,515 7,630 156,458 |
Total funds 2023 £ 11,821 100,000 34,804 7,898 |
|---|---|---|
| 154,523 | ||
| Total funds 2022 £ 9,313 105,000 34,515 7,630 |
||
| 156,458 |
Page 13
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
5. Analysis of expenditure on charitable activities
Summary by fund type
| Belfast Ministry Bible Ministry Portuguese Discipleship Other Belfast Ministry Bible Ministry Portuguese Discipleship Other |
Restricted funds 2023 Unrestricted funds 2023 £ £ - 14,671 - 100,283 34,804 3,077 - 9,547 34,804 127,578 Restricted funds 2022 Unrestricted funds 2022 £ £ - 12,468 - 105,262 34,515 2,826 - 7,629 34,515 128,185 |
Total funds 2023 £ 14,671 100,283 37,881 9,547 |
|---|---|---|
| 162,382 | ||
| Total funds 2022 £ 12,468 105,262 37,341 7,629 |
||
| 162,700 |
6. Analysis of expenditure by activities
| Belfast Ministry Bible Ministry Portuguese Discipleship Other |
Grant funding of activities 2023 £ 11,821 100,000 34,804 7,899 154,524 |
Support costs 2023 £ 2,850 282 3,077 1,649 7,858 |
Total funds 2023 £ 14,671 100,282 37,881 9,548 |
|---|---|---|---|
| 162,382 |
Page 14
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6. Analysis of expenditure by activities (continued)
| Belfast Ministry Bible Ministry Portuguese Discipleship Other |
Grant funding of activities 2022 £ 9,313 105,000 34,515 7,630 156,458 |
Support costs 2022 £ 3,154 262 2,826 - 6,242 |
Total funds 2022 £ 12,467 105,262 37,341 7,630 |
|---|---|---|---|
| 162,700 |
7. Independent examiner's remuneration
| Independent examiner's remuneration | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fees payable to the company's independent examiner for the independent | ||
| examination of the company's annual accounts | 1,650 | 1,500 |
| Fees payable to the company's independent examiner in respect of: | ||
| All other services not included above | 1,875 | 2,276 |
8. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL) .
9. Debtors
| Due within one year Other debtors |
2023 £ 969 969 |
2022 £ 8,320 |
|---|---|---|
| 8,320 |
Page 15
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
10. Creditors: Amounts falling due within one year
| Other creditors Accruals and deferred income |
2023 £ 256 8,605 8,861 |
2022 £ 245 500 |
|---|---|---|
| 745 |
11. Financial instruments
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 153,765 | 121,792 |
Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.
Page 16
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds Statement of funds - prior year Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 April 2022 £ 124,248 5,119 129,367 Balance at 1 April 2021 £ 125,205 13,027 138,232 |
Income £ 145,717 33,171 178,888 Income £ 127,228 26,607 153,835 |
Expenditure £ (127,578) (34,804) (162,382) Expenditure £ (128,185) (34,515) (162,700) |
Balance at 31 March 2023 £ 142,387 |
|---|---|---|---|---|
| 3,486 | ||||
| 145,873 | ||||
| Balance at 31 March 2022 £ 124,248 |
||||
| 5,119 | ||||
| 129,367 |
Page 17
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
13. Summary of funds
Summary of funds - current year
| Summary of funds - current year | ||||
|---|---|---|---|---|
| General funds Restricted funds Summary of funds - prior year General funds Restricted funds |
Balance at 1 April 2022 £ 124,248 5,119 129,367 Balance at 1 April 2021 £ 125,205 13,027 138,232 |
Income £ 145,717 33,171 178,888 Income £ 127,228 26,607 153,835 |
Expenditure £ (127,578) (34,804) (162,382) Expenditure £ (128,185) (34,515) (162,700) |
Balance at 31 March 2023 £ 142,387 3,486 |
| 145,873 | ||||
| Balance at 31 March 2022 £ 124,248 5,119 |
||||
| 129,367 |
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Analysis of net assets between funds - current year | ||
|---|---|---|
| Current assets Creditors due within one year Total |
Restricted funds 2023 Unrestricted funds 2023 £ £ 3,486 151,248 - (8,861) 3,486 142,387 |
Total funds 2023 £ 154,734 (8,861) |
| 145,873 |
Page 18
JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Restricted funds 2022 £ 5,119 - 5,119 |
Unrestricted funds 2022 £ 124,993 (745) 124,248 |
Total funds 2022 £ 130,112 (745) 129,367 |
|---|---|---|---|
15. Related party transactions
UHY Hacker Young Fitch Limited, a company in which M C Fitch has significant influence provided accountancy and payroll services to Jonthree Trust Limited. M C Fitch has joint control of Jonthree Trust Limited.
16. Controlling party
The ultimate controlling party of the company is the Board of Trustees.
Page 19