| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| THE HELEN JEAN COPE CHARITY |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| THE HELEN JEAN COPE CHARITY |
| THE HELEN JEAN COPE CHARITY |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | to | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 | to | 10 |
| Notes to the Financial Statements | 11 | to | 26 |
| THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The objects of the charity are to distribute the charity's assets to local charitable causes which must be registered charities. |
| Public benefit |
| The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. |
| The objectives and everything the charity does is for the public benefit. |
| Grantmaking |
| The grant policy is to:- |
| - give donations to registered charities only. |
| - not to give to individuals. |
| - not to make any permanent on-going commitment to any one charity. |
| - to consider repeat applications on their merit and in the light of the financial position at that time. |
| - consider applications from non-local charities on their merit. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| The charity has distributed 43 (2023: 42) grants to charities during the period. |
| FINANCIAL REVIEW |
| Financial position |
| The total expenditure during the period was £117,577 (2023: £112,827). |
| The charity has total funds carried forward of £7,629,144 (2023: £6,677,235) which will be used to continue meeting the charity's objectives. |
| THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FINANCIAL REVIEW |
| Investment policy and objectives |
| The Constitution authorise the trustees to make and hold investments using the assets of the charity. The trustees have entered into a discretionary management agreement of the investment portfolio with Charles Stanley and Company Ltd. During the period the trustees asked the brokers to take into account any social, environmental or ethical considerations when managing the portfolio. |
| The overall value of the charity's listed and unlisted investments increased by £30,545 during the year. Gross dividends received in the period amounted to £79,927 (2023: £83,721).The trustees have considered the risk of the pandemic on the investments as noted in this report. |
| Reserves policy |
| The Charity's unrestricted funds are mainly invested in stocks and shares. The Charity does not solicit donations or receive any grants, nor does it provide continued funding to any organisations. The likelihood of a shortfall arising meaning that a reserve is necessary is considered so low that the Trustees believe that the Charity's reserves can be set at a level to simply cover the contractual expenses of the Charity relating to its continued operations which are as follows: |
| a) Lease of the office premises (maximum commitment of three years) |
| b) Public Liability and office Insurance |
| c) Salary of part time Administrator |
| d) Fees payable to professional advisers |
| e) General administration costs |
| f) Such other expenditure as the Trustees may from time to time consider necessary for the operation of the Charity |
| The Trustees have resolved that a sum sufficient to cover three years expenses shall at all times be reserved from the assets of the Charity or until such time as the Charity shall come to an end. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The Helen Jean Cope Charity is a charitable company limited by guarantee and registered in England and Wales Number: 06660648. |
| THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Charity constitution |
| The charitable company was incorporated on 30 July 2008 and registered under the number 1125937 with the Charity Commission. The company took over the assets and operations of the charity "The Helen Jean Cope Trust" which was removed as a charity. The trustees of the charity were the same as the trustees of The Helen Jean Cope Trust. These were originally two of the executors named in the will of Miss Helen Jean Cope plus three additional trustees that were appointed in accordance with the discretion conferred by the will to the executors. Appointment of any further trustees is now at the discretion of existing trustees and in accordance with the Memorandum and Articles of Association. |
| None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up. |
| Organisational structure |
| The charity is run by six trustees who meet on a regular basis and consider applications for grants. Applications for grants are received from registered charities in the United Kingdom who hear about the charity by way of articles in local newspapers and also National Charities Register. Information regarding the charity is also held in local libraries. |
| The tenanted land and buildings are administered by the managing agents, E A Lane and Sons. |
| Risk management |
| The trustees have assessed the major risks to which the charity is exposed, are are satisfied that the systems are in place to mitigate exposure to the major risks. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Niall Kingsley FCA |
| Duncan & Toplis Limited |
| 3 Princes Court |
| Royal Way |
| Loughborough |
| Leicestershire |
| LE11 5XR |
| Solicitors |
| Fieldings Porter |
| Silverwell House |
| Silverwell Street |
| Bolton |
| BL1 1PT |
| Bankers |
| HSBC Bank plc |
| P O Box 13 |
| 41 Market Place |
| Loughborough |
| Leicestershire |
| LE11 3EJ |
| Investment advisors |
| Charles Stanley and Company Limited |
| 25 Luke Street |
| London |
| EC2A 4AR |
| Land agents |
| E A Lane and Sons |
| 100 Regent Road |
| Leicester |
| LE1 7DG |
| THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| The financial statements were approved and authorised for issue by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| THE HELEN JEAN COPE CHARITY |
| Independent examiner's report to the trustees of The Helen Jean Cope Charity ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| THE HELEN JEAN COPE CHARITY |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| 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 accounts to be reached. |
| Niall Kingsley FCA |
| Duncan & Toplis Limited |
| 3 Princes Court |
| Royal Way |
| Loughborough |
| Leicestershire |
| LE11 5XR |
| 18 June 2025 |
| THE HELEN JEAN COPE CHARITY |
| STATEMENT OF FINANCIAL ACTIVITIES |
| (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| funds | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Investment income | 3 |
| Other income | 4 |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Investment management costs | 5 | 14,278 | 13,863 |
| Charitable activities | 6 |
| Total |
| Net gains on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 6,677,235 |
| THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| funds | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 15 |
| Investments |
| Investments | 16 |
| Investment property | 17 |
| CURRENT ASSETS |
| Debtors | 18 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 19 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 21 |
| Unrestricted funds: |
| General fund | 3,603,094 | 3,576,185 |
| Fair Value Reserve | 4,026,050 | 3,101,050 |
| 6,677,235 |
| TOTAL FUNDS | 6,677,235 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
| THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | GENERAL INFORMATION |
| The Helen Jean Cope Charity is a private Charitable Company Limited by Guarantee registered in England and Wales. The charity's registered number is 1125937 and the Company registration number is 06660648. The registered office and principal address of the charity is 1 Woodgate, Loughborough, Leicestershire, LE11 2TY. |
| The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| The financial statements cover the individual entity. |
| The entity constitutes a public benefit entity as defined by FRS 102. |
| There are no material concerns relating to going concern. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. |
| Financial reporting standard 102 - reduced disclosure exemptions |
| The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
| • | the requirements of Section 7 Statement of Cash Flows. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Income |
| To ensure compliance with the accruals concept it may be necessary to defer income into the following period. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Fixtures and fittings | 15% on cost |
| Investment property |
| Investment property is shown at the most recent valuation. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
| Investments |
| Fixed asset investments are measured at fair value if the shares are publicly traded or can otherwise be measured reliably. |
| The valuation of the unlisted shares is based on the charitable company's percentage shareholding of the net assets of the unlisted company which it holds shares in per the latest available accounts. |
| Realised and unrealised gains or losses on assets are accounted for in full within the particular fund of which the asset forms a part. |
| Value Added Tax |
| The charity is not required to register for VAT. All income and expenses include VAT where applicable. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 3. | INVESTMENT INCOME |
| 2024 | 2023 |
| £ | £ |
| Rents received |
| Income from listed investments | 74,929 | 82,263 |
| Income from unlisted investments | 4,998 | 1,458 |
| Deposit account interest |
| 4. | OTHER INCOME |
| 2024 | 2023 |
| £ | £ |
| Bank compensation | 200 | - |
| Option agreement | - | 40,000 |
| 200 | 40,000 |
| 5. | INVESTMENT MANAGEMENT COSTS |
| 2024 | 2023 |
| £ | £ |
| Fund manager costs | 14,278 | 13,863 |
| 6. | CHARITABLE ACTIVITIES COSTS |
| Grant |
| funding of |
| Direct | activities | Support |
| Costs (see | (see note | costs (see |
| note 7) | 8) | note 9) | Totals |
| £ | £ | £ | £ |
| Charitable activities | 39,657 | 58,000 | 5,642 | 103,299 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 7. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
| 2024 | 2023 |
| £ | £ |
| Staff costs | 10,019 | 9,535 |
| Rates and water | 153 | 118 |
| Insurance | 2,051 | 1,802 |
| Light and heat | 3,343 | 2,330 |
| Telephone | 713 | 891 |
| Postage and stationery | 1,614 | 1,288 |
| Sundries | 2,736 | 2,819 |
| Rent | 9,000 | 9,000 |
| Repairs | 6,456 | 481 |
| Travel expenses | 2,296 | 2,110 |
| Legal and professional fees | 1,168 | 3,797 |
| Depreciation | 108 | 128 |
| 39,657 | 34,299 |
| 8. | GRANTS PAYABLE |
| 2024 | 2023 |
| £ | £ |
| Charitable activities | 58,000 | 60,400 |
| The total grants paid to institutions during the year was as | follows: |
| 2024 | 2023 |
| £ | £ |
| Per note 24 |
| 58,000 | 60,400 |
| Grants paid to institutions are analysed in detail in note 24. In addition the trustees have approved grants totalling £NIL (2023: £8,500) which were not paid at 31 December 2024. Grants are paid to institutions in accordance with the objects as detailed in the trustees report. |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 9. | SUPPORT COSTS |
| Governance |
| Finance | costs | Totals |
| £ | £ | £ |
| Charitable activities | 90 | 5,552 | 5,642 |
| 10. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2024 | 2023 |
| £ | £ |
| Depreciation - owned assets |
| 11. | INDEPENDENT EXAMINERS' REMUNERATION |
| 2024 | 2023 |
| £ | £ |
| Payroll and Company Secretarial Fees | 1,124 | 760 |
| Independent Examination and preparation of accounts | 4,428 | 3,420 |
| 12. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| The reimbursement of trustees' expenses was as follows: |
| 2024 | 2023 | 2024 | 2023 |
| Number | Number | £ | £ |
| Travel, subsistence and general expenses |
6 |
6 |
4,516 |
4,579 |
| 4,516 | 4,579 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 13. | STAFF COSTS |
| 2024 | 2023 |
| £ | £ |
| Wages and salaries |
| Social security costs | ( |
) |
| Other pension costs |
| 10,019 | 9,535 |
| The average monthly number of employees during the year was as follows: |
| 2024 | 2023 |
| Secretarial | 1 | 1 |
| Trustees | 6 | 6 |
| 14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| funds |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Investment income |
| Other income |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Investment management costs | 13,863 |
| Charitable activities |
| Total |
| Net gains on investments |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
| Unrestricted |
| funds |
| £ |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 6,677,235 |
| 15. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 January 2024 |
| Disposals | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 16. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| MARKET VALUE |
| At 1 January 2024 | 2,093,731 |
| Additions | 186,990 |
| Disposals | ( |
) | (154,438 | ) |
| Revaluations | ( |
) | (2,007 | ) |
| At 31 December 2024 | 2,124,276 |
| NET BOOK VALUE |
| At 31 December 2024 | 2,007,160 | 117,116 | 2,124,276 |
| At 31 December 2023 | 1,977,402 | 116,329 | 2,093,731 |
| The investment assets are held: |
| Listed investmen ts |
Unlisted shares |
Totals |
| £ | £ | £ |
In the UK |
1,542,890 |
117,116 |
1,660,0 06 |
| Outside the UK | 464,270 | - | 464,270 |
| 2,007,160 | 117,116 | 124,276 |
| Historical cost: |
At 31 December 2024 |
1,797,113 |
29,988 |
1,827,1 01 |
| At 31 December 2023 | 1,774,434 | 29,988 | 804,422 |
| Cost or valuation at 31 December 2024 is represented by: |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Valuation in 2024 | 2,007,160 | 117,116 | 2,124,276 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 17. | INVESTMENT PROPERTY |
| £ |
| FAIR VALUE |
| At 1 January 2024 |
| Revaluation | 925,000 |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| The valuation of the investment property was based on the valuation by E A Lane & Sons at 31 December 2021, a professional Chartered Surveyor with experience in the location and class of the property. |
| The trustees have then considered this valuation and to the best of their knowledge believe this valuation remains appropriate, except for land off Snells Nook Lane that has now recieved planning permission. The trustees have assessed the valuation of this land to have increased by £925,000. |
| Some of the land falls within a local development area, and options were agreed in previous years over some of this land. |
| Fair value at 31 December 2024 is represented by: |
| £ |
| Valuation in 2021 | 4,406,050 |
| Valuation in 2024 | 925,000 |
| 5,331,050 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 18. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| Prepayments and accrued income |
| 19. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Accruals |
| 20. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 21. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,576,185 | 26,909 | 3,603,094 |
| Fair Value Reserve | 3,101,050 | 925,000 | 4,026,050 |
| 951,909 |
| TOTAL FUNDS | 951,909 | 7,629,144 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Gains and | Movement |
| resources | expended | losses | in funds |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 97,869 | (117,577 | ) | 46,617 | 26,909 |
| Fair Value Reserve | - | - | 925,000 | 925,000 |
| ( |
) | 951,909 |
| TOTAL FUNDS | ( |
) | 951,909 |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,446,420 | 129,765 | 3,576,185 |
| Fair Value Reserve | 3,101,050 | - | 3,101,050 |
| 6,547,470 | 129,765 | 6,677,235 |
| TOTAL FUNDS | 6,547,470 | 129,765 | 6,677,235 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 21. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Gains and | Movement |
| resources | expended | losses | in funds |
| £ | £ | £ | £ |
| Unrestricted funds |
| General fund | 143,916 | (112,827 | ) | 98,676 | 129,765 |
| TOTAL FUNDS | 143,916 | (112,827 | ) | 98,676 | 129,765 |
| 22. | RELATED PARTY DISCLOSURES |
| During the year £9,000 (2023: £9,000) was paid by the charity to rent their offices, which are part owned by Mr G Freckelton, a trustee of the charity. |
| Included within debtors is £NIL (2023: £2,250) in respect of rent prepaid in respect of the above. |
| 23. | FINANCIAL INSTRUMENTS |
| The carrying amount of the charity's financial instruments are as follows: |
| 2024 |
2023 |
| £ | £ |
| Financial assets at fair value through income and expenditure |
| Listed investments | 2,007,160 | 1,977,402 |
| Unlisted investments | 117,116 | 116,329 |
| The incomes, expenses, net gains and net losses attributable to the charity's financial instruments are summarised as follows: |
| 2024 | 2023 |
| £ | £ |
| Net gains and losses (including changes in fair value) |
| Financial assets measured at fair value through net income/expenditure |
30,545 |
89,836 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 23. | FINANCIAL INSTRUMENTS - continued |
| The total dividend income from financial assets that are measured at fair value through the income statement was £79,927 (2023 - £83,721). |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 24. | GRANTS TO INSTITUTIONS |
Registration No. |
Name of Charity |
Amou nt |
| £ |
| 513745 | Ashby-de-la-Zouch Museum | 1,000 |
| 1084189 | Blesma | 1,000 |
| 206227 | Blind Veterans UK | 1,500 |
| 1060827 | Charnwood Christmas Toy Appeal | 3,000 |
| 510785 | Derby Kid's Camp | 1,000 |
| 1057941 | Dove Cottage Day Hospice | 2,000 |
| 1077424 | Emmanuel House - Nottingham Winter Shelter | 1,000 |
| 1125402 | Exaireo | 2,000 |
| 1150132 | Frozen Light | 1,000 |
| 521730 | Girl Guiding 1st Hinckley St Mary's | 1,000 |
| 1010943 | Happy Days | 1,000 |
| Holy Trinity Church Normanton Le Heath | 1,000 |
| 1011325 | Lennox Childrens Cancer Fund | 1,000 |
| 1049103 | Living Painting | 500 |
| 270700 | Menphys | 1,500 |
| 1087410 | Nottinghamshire Club for Young People | 1,500 |
| 1171623 | Nottinghamshire Historic Churches Trust | 1,000 |
| 1040756 | Places 2 Be | 1,000 |
| 802440 | React | 1,000 |
| 1015988 | Royal Voluntary Service | 1,000 |
| Shepshed Cricket Club | 3,000 |
| 1039294 | Shepshed Glenmore Centre - Christmas Lunch | 750 |
| 291046 | Sinfonia Viva | 1,000 |
| 1136223 | Snap Youth | 1,000 |
| St John the Evangelist Donisthorpe | 1,000 |
| St Mary Magdalene Church | 1,000 |
| St Michael and All Angel Church Croft | 1,000 |
| 1128980 | STUBS | 1,000 |
| 567460 | Tall Ships Youth Trust | 1,000 |
| 1062559 | Teenage Cancer Trust | 1,000 |
| 1157806 | The ARC Community Hub | 4,000 |
| 262191 | The Lullaby Trust | 750 |
| 1144022 | Together for Short Lives | 1,000 |
| 1141274 | Voluntary Action South Leicestershire | 1,000 |
| 1152488 | Wainman Trust | 1,000 |
| 802872 | Whizz-Kidz | 2,000 |
| 1168667 | Wollaton Park Community Association | 1,000 |
| 1107328 | Young Lives vs Cancer | 1,000 |
| 1151453 | Young Leicestershire | 1,000 |
| THE HELEN JEAN COPE CHARITY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 24. | GRANTS TO INSTITUTIONS - continued |
| Grants approved in 2023 but not paid at 31 December 2023: |
| Sc024414 | Maggies | 1,000 |
| 1148855 | Muscular Dystrophy Support Centre | 1,500 |
| St James The Greater Oaks in Charnwood | 5,000 |
| 1150203 | Umbrella | 1,000 |
| 58,00 |