THE JIM COUSINS TRUST
Accounts for the Year Ended S A rAI 2024

THE TRUSTEES OF THE JIM COUSINS TRUST
INDEX
Trustees Report
Independent Examiner's Report to the Trustees
Statement of Financial Activities
Balance Sheet
Notes to the Accounts

THE TRUSTEES OF THE JIM COUSINS TRUST
REPORT OF THE TRUSTEES
For the year ended 5 April 2024
The trustees present their report with the financial statements of the charÈty for the year ended 5
April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charrties preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 1 January 2015)
Establishment of Trust
The Jim Cousins Trust {"The Trust.) was established by Beryl Cousins, late of Narrow Hill,
Witney, Oxfordshire. by a Declaration of Trust dated 181 February 1991 ('the Trust Deed.)
Registration of the Trust
The Trust is registered with the Charity Commission under reference number 1002711 wbth the
name incorporated as "The Trustees of The Jim Cousins Charitable Trust.. The principal address
of Ihe Trust is 24 Church Green. Witney. Oxfordshire, OX28 4AT. The Trust's correspondent is
Mr Mark Drasdo.
Trustees
The names of the trustees throughout the year were as follows...
Mr John Stanley
Mr lan Lever
Mrs Gillian Fettes
Dr Melody Helm
Mrs Judith Holloway
Mr Mark Drasdo
Mr Gareth Alty
The power of appointing new trustees is vested in the trustees.
Powers, pollcles and objectives of the Trustees
The general powers of the Trustees and policies adopted by them are set out in the Statement of
Policies annexed to this report. The policies have in all instances been successfully achieved
during the current year. No changes in policies are anticipated in the current year.
Advlsors and Bankers to the Trust
Solicitors
John Welch & Stammers
24 Church Green
Witney
Oxfordshire OX28 4AT
Bankers
Bardays Bank pl
Abingdon Business Centre
Marcham Road
Leicester LE7 2BB
Stockbrokers
Charles Slanley & Co Limited
55 Bishops Gate
London EC2N 3AS
Independent Examiners
Bronsens Chartered Certified Accounlanls
Eden House, Two Rivers Business Park
Station Lane, W¢tney
Oxfordshire OX28 4BL

THE TRUSTEES OF JIM COUSINS TRUST
REPORT OF THE TRUSTEES (cont.....
For the year ended 5 April 2024
STATEMENT OF POLICIES OF THE TRUSTEES
Reserves
It is the policy of the Trustees to maintain Reserves to provide adequate funding of assets to
enable the Grants to be maintained on the basis that approved grants should as far as possible
be matched to the realised income. Expenses are normally met from the reserves.
There are no provisions in the Deed restricting the Trustees in the distribution of either Income or
Capital.
Investments
It is the policy of the Trustees to appoint a Stockbroker to recommend the purchases and sales of
marketable securities to produce both growth and income and to invest on a medium to low risk
basis. The recommendations of the Stockbroker are then considered by the Trustees for
mplementation.
Grants
It is the policy of the Trustees to consider all applications for Grants from local charities,
individuals for educational and social assistance and other organisations of a charitable or social
nature, with a preference to providing Grants towards educational and development assistance
for young people.
Loans
It has not been the policy of the Trustees to consider applications for Loans.
Administration
It is the policy of the Trustees to meet every two months to consider applications for Grants and
to deal with any other matter arising.

THE TRUSTEES OF JIM COUSINS TRUST
REPORT OF THE TRUSTEES {¢ont.....
For the year ended 5 April 2024
Flnancial actlvltles
1. Reserves
The balance of Reserves at 5th April 2023 was
Less Grants
Add Income
Administration and other expenses
Realised and Unrealised losses
1,890,434
54,052
56,481
-20,389
101.062
Balance of Reserves at 5th April 2024
1,973,536
The reserves have increased by £83.102 (4.40/0). It is the policy of the Trustees to provide
income for the distribution of grants and to pay expenses from the reserves and this has been
achieved. In the opinion of the Trustees the reserve of £1,973,536 is adequate for the future
purposes of the Trust.
2. Investments
The Investments of the Trust and the return on such investments has been satisfactory
for the financial year (see stockbrokers reports attached). In the current year no refund of
tax deducted at source was available.
There was an increase in valuation of the investments of £88.361 (4.83°/0) over the
previous year. Losses. being the costs of investments bought less sales amounted to
£115,545.
The loss on valuation was £5.254, being the loss between the valuation of investments
sold at 5 April 2024 and the net proceeds of sale, and this has been transferred to the
revaluation account.
During the year the Trustees approved purchases of £111,390 and disposals of £226,936
as recommended by the Stockbroker to the Trust.

THE TRUSTEES OF THE JIM COUSINS TRUST
REPORT OF THE TRUSTEES (cont.. .
For the year ended 5 April 2024
Flnancial activities
3. Costs
Costs for the year were £20,389 and are deemed to be reasonable compared to last
year's Costs at £23,562.
4. Income
Income for the financial year was £56,481 made up of wholly of dividend income, this
represented a decrease of £823 (1.430A) over the previous year.
S. Grants
Expenditure on Grants during the year amounted to £55,252 in comparison to £41,425
the previous year. A schedule is attached to this report.
6. Contingent liabilities
The Trustees are unaware of any contingent liabilities or any matters that may impair the
value of the assets of the Trust.
Mark Drasdo - Trustee
'Zo z<
Dated

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE JIM COUSINS TRUST
Independent examiner's report to the trustees of The Jim Cousins Trust
I report to the charity trustees on my examination of the accounts of The Jim Cousins Trust (the
Trust) for the year ended 5 April 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the
Act and in carrying out my examination I have followed all applicable Directions given by the
Charity Commission under section 145(5)(b) of the Act.
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:
accounting records were not kept in respect of the Trust as required by section 130 of the
Act., or
the accounts do not accord with those records" or
the accounts 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
accounts to be reached.
tyf
Philip J Burton FCA
Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL
20 January 2025

THE TRUSTEES OF THE JIM COUSINS TRUST
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 5 April 2024
April 05
2024
April 05
2024
April 05
2023
Incoming resources
Investment income
Dividend Income
Interest Income
56,413.33
67.84
57304.19
56,481.17
Total Incoming Resources
56,481.17
57.304. 19
Resources Expended
Investment Management Costs
Stockbrokers Costs
Website
Bank charges
9,727.50
192.00
0.25
13,088.54
171.00
12.5
9,919.75
Charitable Activities
Grants
Administration Costs
54,051.73
1,200.00
40,225.50
1,200.00
55,251.73
Governance Costs
Accountancy fees
Administration fees
Adjustment Examination fees 22123
Examination fees - provision
2,400.00
5,430.00
120.00
1,320.00
2,400.00
5,430.00
60.00
1,200.00
9,270.00
Total Resources Expended
74,441.48
63. 787.54
Net Incoming Resources
-17,960.31
-6,483.35
Other Recognised Gains and Losses
GainslLosses on investments assets
-108,097.65
5,324.39
Revaluation of investment assets
Note 2
209,160.13
101,062.48
-225,477.99
Net movement in funds
83,102.17
-226, 636. 95
Total funds brought forward
1,890,434.50
2,117,071.45
1,973,536.67
1,890,434.50

THE TRUSTEES OF THE JIM COUSINS TRUST
BALANCE SHEET
For the Year ended 5 April 2024
Note
April 05
2024
April 05
2023
Fixed Assets
Investments
1,923,161.82 1.830.396.24
1,923,161.82
1,830,396.24
Current Assets
Debtors
Cash at Bankers
2,395.98
59,879.87
0.00
73,263.76
62,275.85
73,263.76
Liabilities
Creditors
11,901.00
13,225.00
Net Current Assets
50,374.85
60,038.76
Total assets less current liabilities
1,973,536.67
1,890,435.00
The Funds of the Charity
Unrestricted Funds
1,973,536.67 1,890,435.00
1,973,536.67
1,890,435.00
The Financial Statements were approved by the Board of Trustees onzod day of
January 2025 and were signed on its behalf by..
Mark Drasdo - Trustee

THE TRUSTEES OF THE JIM COUSINS TRUST
Notes to the Accounts for the year ended 5 April 2024
1 ACCOUNTING POLICIES - see attached sheet.
2 INVESTMENTS
(Schedule 21
Cost
Valuation
At 5 April 2023
Less disposals
1,686,538.37
226.936.40
1,459,601.97
111,390.92
1,570,992.89
0.00
1,831,826.84
129.345.99
1,702,480.85
111,390.92
1,813,871.77
106,316.10
Add purchases
Increase in valuation
At 5 April 2024
1,570,992.89
1,920,187.87
Profit on sale of investments
Proceeds
Cost of investments sold or transferred
124,092.37
226,936.40
-102,844.03
124.092.37
129,345.99
-5,253.62
-108,097.65
Quoted investments at valuation
Brokers dealing account
1,920,187.87
2,973.95
Total Investments at 5 April 2024
1,923,161.82
202312024
202212023
3 DEBTORS
Dividends due
2,395.98
0.00
2,395.98
0.00
4 CREDITORS
202312024
202212023
John Welch & Stsmmers- fees
Examination fees
Preparation of Accounts
Grants
Website fee
6,630.00
2,640.00
2,400.00
231.00
6,630.00
1,200.00
2,400.00
2,995.50
0.00
11,901.00
13,225.50
5 TRUSTEE EXPENSES
An amount of £9030.00, inclusive of VAT, is payable to John Welch & Stammers in
respect of professional fees for the year to 5 April 2024. Mr Mark Drasdo is a trustee
of the Charity and partners of the firm of John Welch & Stammers.
No other Trustee nor any person connected with them has received, or is due to
receive, any remuneration directly or indirectly from the Charity's funds.

THE TRUSTEES OF THE JIM COUSINS TRUST
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Chartties SORP (FRS 102) 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Finar¢cial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} (effective 1 January 2015),. Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. 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.
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.
Assets
a. Investments are valued by the appointed stockbrokers to the Charity at mid-market value.
b. Realised gains are recogni5ed in the date of sale of the asset.
c. Unrealised gains are recognised on the revaluation of the asset.
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.
AllocatFon and apportionment of costs
All expenditure is accounted for on an accruals basis and has been classified under headings that
agg￿gate all costs related to the category. Where costs cannot be directly attributed to particular
headings they have been allocated to activities on a basis consistent with use of the resources.
Taxatlon
The charity is exempt from tax on its charitable actiVFties.

THE TRUSTEES OF THE JIM COUSINS CHARITABLE TRUST
Summary of Grants made during the year to 5 April 2024
Category
Number of
rants
Range of
rants
Total
National Medical
Educational
25004000
6,500.00
Local
Educational
Community
Medical
231-7263
1000-10000
15,247.73
31,000.00
10
Individual Educational
Relief
354-500
0450
854.00
450.00
54,051.73
54051.73