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← The Frank Jackson Foundation

2025-04-05-accounts

Charity number 1007600

THE FRANK JACKSON FOUNDATION

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

THE FRANK JACKSON FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS CONTENTS

Page
Legal and administration details 1
Trustees' report 2 - 6
Statement of Trustees' Responsibilities 7
Auditor's report 8-10
Statement of Financial Activities 11
Balance sheet 12
Cash flow statement 13
Notes to the accounts 14-19

THE FRANK JACKSON FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 5 APRIL 2025

Trustees

Mr David Tennant (Chair) Ms Esther Blackburn Ms Leila Brown Mrs Mary-Anne Gribbon Ms Isabelle Haigh Mr Robert Harper Mr Mark Sargeantson Mr Tim Seymour

(appointed 30 September 2025) (resigned 30 September 2025)

(appointed 30 September 2025)

(resigned 25 June 2025)

Charity Registration Number:

1007600

Principal address:

24 Taylor Way Great Baddow Essex CM2 8ZG

Website:

frankjacksonfoundation.org.uk

Auditor:

Begbies Chartered Accountants Unit 14 Park Barn Evegate Business Park Smeeth Ashford TN25 6SX

Bankers:

Handelsbanken Sherwood House 5 Bluecoats Avenue Hertford SG14 1PB

1

THE FRANK JACKSON FOUNDATION TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

statements of the Foundation for the year ending 5 April 2025.

policies set out in Note 1 to the financial statements and comply with the Foundation’s governing document, applicable laws, the Charities Act 2011 and "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) (e�ective 1 January 2019). The financial statements comply with all other statutory requirements and the requirements of the Charity’s governing document.

1. Our Aims and Activities

a. Foundation Strategy

The Foundation's vision is a world where quality education is increasingly available to all and where environmental degradation is minimised.

Our Mission, therefore, is to support education and learning opportunities both in the UK and in South Africa and to support work being carried out for the benefit of the environment. The Trustees achieve this by funding educational organisations working for the benefit of young people and others, particularly the disadvantaged, and by funding organisations working to foster a sustainable future, countering the e�ects of climate change.

The majority of the organisations supported by the Foundation are based in the United Kingdom, with some bias towards Su�olk, where our founder lived and worked, and in South Africa where the impact of small grants converted into the local currency from sterling can have a disproportionately positive e�ect.

b. Review of activities

Details of the Foundation's grantees, and the amount of each grant, are to be found in Note 7 to the Report and Financial Statements. To give readers a useful and informative view of the activities of the Foundation, we present below the areas of focus for our grant making activities this year and going forward.

(i) Education in the UK and South Africa

(ii) Environmental Projects

2

THE FRANK JACKSON FOUNDATION TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

c. Plans for the future

The Trustees aim at least to maintain, and may increase, the budget for grant expenditure, but will review this annually alongside income and reserves. The Trustees continue to seek out opportunities to expand the existing partnerships with our grantees where appropriate. The Trustees also aim to be alert to opportunities to provide links between our grant partners, promote dialogue between likeminded people and organisations, and be proactive in working together with other grant makers to achieve mutual aims. With a strong base built up over more than fifteen years, we are confident that our grants programme will continue to provide identifiable benefits to the charitable sector in the UK and South Africa, and both directly and indirectly to a wide range of individuals in need.

2. Structure, governance and management

a. Structure and management

The Settlor of the Foundation was the late Mr Frank Jackson M.B.E., a well-known businessman and philanthropist from Woodbridge in Su�olk.

The Foundation is constituted under a Declaration of Trust dated 25 November 1991 amended by Deeds dated 9 March 2009 and 29 April 2013 and is a registered charity (no. 1007600).

The Foundation is governed by a maximum of Ten Trustees. Trustees serve for four years before retiring by rotation and are eligible for re-election.

The day-to-day a�airs of the Foundation run with the support of a part time Administrator who is supported by a volunteer advisor in South Africa to strengthen relationships with partners in that country.

statements were:

Mr David Tennant (Chair) Ms Leila Brown (resigned 30 September 2025) Mrs Mary-Anne Gribbon Ms Isabelle Haigh Mr Mark Sargeantson Mr Tim Seymour (resigned 25 June 2025) Ms Esther Blackburn (appointed 30 September 2025) Mr Robert Harper (appointed 30 September 2025)

b. Governance

and procedures. At the core of these procedures is the object of having adequate and relevant information and advice available to the Trustees when approving grants or when engaged in the administration of the Foundation, together with proper record keeping and full transparency. Trustees usually meet 4 times each year to assess grant applications, review progress of on-going projects, review the budget and investment portfolio and discuss and agree strategy.

The Trustees review, annually, governance policies and protocols that cover, risk assessment, investment, conflicts of interest, data protection, safeguarding, and payment procedures. The Trustees consider that they have examined the major strategic, business, and operational risks which the Foundation faces and confirm that they believe systems have been established to

3

THE FRANK JACKSON FOUNDATION TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

enable these risks to be managed properly. An important part of our due diligence in grant making is being confident in the abilities of those managing the organisations we fund. Therefore, Trustees are willing to approve grants to registered charities and educational institutions only after having visited and/or met with key management to assess suitability, and often take up references from other supporters.

The trustee’s policy on the induction and training of new trustees aims to ensure that all trustees are eligible to act, are fully cognisant of their responsibilities (legal and otherwise) and understand the vision, strategy, procedures and policies within which the Foundation operates. This includes the sharing of key documents such as Articles, Strategy, Minutes, Annual reports, policies and all grant applications and reports. The induction process includes meetings with key advisors, partners and trustees, visits to grant recipients and access to Charity Commission guidance and other training if appropriate.

c. Grant making policy

The Board of Trustees have sought to distribute substantially all the income of the Foundation, taking one year with the next, while having the broad aim of preserving the real value of its capital. The Trustees have discretion to give as much as they wish to charitable causes and in some years, if appropriate deserving projects are found, they may draw upon more of the capital.

The Board of Trustees are widely empowered to support charitable causes or purposes, but have chosen to set these in the context of a Strategic Plan to inform their grant making policy, which is reviewed at regular intervals.

The Strategic Plan includes a number of giving principles such as the need for regular feedback and assessment where possible and where appropriate. In addition, all new grant applications are subject to an agreed form of due diligence to check organisational health and that projects are well planned. Grants to organisations are, as much as possible, in support of their core costs. Furthermore, Trustees avoid any open-ended commitment, which implies that all support programmes involving regular payments should have an end date.

The Trustees take a close interest in the projects supported by the Foundation. In addition to receiving annual reports from the beneficiaries the Trustees like to make regular visits to see the beneficiaries to discuss their work and, where possible, see it in action.

The sections in this report entitled “Our Aims and Activities” and “Grant making policy” set out the Foundation's charitable objectives and report on the activities in the year to 5 April 2025 as well as explaining the plans for the current financial year and beyond.

4

THE FRANK JACKSON FOUNDATION TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

e. Investment policy

Substantially all the assets of the Foundation are managed professionally by Handelsbanken Wealth Management and Sarasin & Partners. The Board of Trustees have agreed a similar investment policy with each of the fund managers, both of which use a Sustainable or Climate active strategy. The essence of the policy is to adopt a medium risk strategy which seeks as a minimum to preserve, in real terms, the value of the portfolio and to generate an income consistent with our grant making aims. The Trustees review their investment strategy and policy annually, and meet with investment managers annually to review performance.

At 5 April 2025 £25,437,102 (2024: £26,181,788) was held as part of the investment portfolio including cash.

f. Risk management

The Trustees have overall responsibility for ensuring that the Foundation has appropriate procedures in place to mitigate risks. The Board consider the risks to which the Foundation is exposed in an annual risk review, where they also review the systems that have been established to mitigate them. In this financial year trustees believed the principal risks faced were:

legal, accounting and investment management information and advice required to assess and plan for all risks that the Foundation may face.

g. Financial review

For the year ended 5 April 2025 the Foundation had incoming resources of £618,755 for the year and net expenditure of £940,118.

During the year the Foundation made 31 grants totalling £858,933, as detailed in Note 4, which compared with total income of £618,755.

Net realised and unrealised losses on investment assets totalled £550,764. Substantially all of the Foundation's assets are professionally managed in a balanced investment portfolio.

After the fall in investments at the start of the global Covid19 pandemic, which was followed by a strong period of recovery and growth, the investments have been impacted during the last 4 years as rising inflation, increased interest rates and the current economic downturn and global

5

THE FRANK JACKSON FOUNDATION TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025

political unrest lead to market losses. Although markets are currently struggling and investments have taken a slight dip, the trustees feel confident in the Investment Managers’ strategies to mitigate the risks and work forward through the challenges. Volatility is expected to continue for some time, but trustees maintain a long-term approach to finances and hold significant reserves to allow planned expenditure to continue.

h. Reserves policy

As stated above, the Foundation's policy is to distribute substantially all its income, taking one

however due to weaker financial markets in recent years, this has not been the case within the previous two years. It is planned that this level of expenditure can be maintained in the future but will be reviewed annually.

Total funds at 5 April 2025 were £25,830,941, which is 3.3% lower than at 5 April 2024.

i. Related parties

transactions in connection with related parties are on a wholly arm’s length basis.

The Trustees' report was approved by the Board of Trustees.

..............................

Mr David Tennant (Chair) 2 December 2025

6

THE FRANK JACKSON FOUNDATION STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 5 APRIL 2025

The Trustees 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).

The law applicable to charities in England and 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 Foundation and of the incoming resources and application of resources of the Foundation for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Foundation 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 Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

7

THE FRANK JACKSON FOUNDATION INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

Opinion

We have audited the financial statements of The Frank Jackson Foundation for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

8

THE FRANK JACKSON FOUNDATION INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to charity law, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as Charities Act 2011 and the Charities SORP.

9

THE FRANK JACKSON FOUNDATION INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journals entries and management bias in certain accounting estimates and judgements such as valuation of the unlisted investments. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity’s trustees as a body for our audit work, for this report, or for the opinions we have formed.

Daniel Valentine Senior Statutory Auditor Begbies Chartered Accountants Statutory Auditors Unit 14 Park Barn Evegate Business Park Smeeth, Ashford TN25 6SX 08/12/2025

10

THE FRANK JACKSON FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2025

Notes
Income from:
Donation and legacies
2
Investments
3
Total income
Expenditure on:
Charitable activities
- support costs
4
- grants payable
5
- governance costs
6
Total expenditure
Net expenditure before gains and losses on
investment assets
Net (losses)/gains on investment assets
Net (expenditure)/income
Transfers
Transfers between funds
Net movement in funds
Reconciliation of Funds
Total Funds at 6 April 2024
Total Funds at 5 April 2025		 Restricted
Unrestricted
Total
Fund
Fund
2025
£
£
£
5,061
-
5,061
-
613,694
613,694
5,061
613,694
618,755
-
76,783
76,783
6,785
850,648
857,433
-
5,902
5,902
6,785
933,333
940,118
(1,724)
(319,639)
(321,363)
-
(550,764)
(550,764)
(1,724)
(870,403)
(872,127)
-
-
-
(1,724)
(870,403)
(872,127)
2,155
26,700,913
26,703,068
431
25,830,510
25,830,941		 Restricted
Unrestricted
Total
Fund
Fund
2024
£
£
£
4,150
-
4,150
-
662,321
662,321
4,150
662,321
666,471
-
61,839
61,839
1,995
863,157
865,152
-
24,903
24,903
1,995
949,899
951,894
2,155
(287,578)
(285,423)
-
969,894
969,894
2,155
682,316
684,471
-
-
-
2,155
682,316
684,471
-
26,018,597
26,018,597
2,155
26,700,913
26,703,068
Re-Stated

All amounts relate to continuing activities

The Notes to the Accounts form part of the Financial Statements

11

THE FRANK JACKSON FOUNDATION

BALANCE SHEET

AS AT 5 APRIL 2025

Notes 2025 2025 2024 2024
£ £ £ £
Fixed assets
- Listed investments 8 25,320,294 26,066,579
- Cash held in portfolio 8 116,808 115,209
Current assets 25,437,102 26,181,788
Cash at bank 405,334 567,733
Creditors: amounts falling due within one year 9 (11,495) (46,453)
Net current assets 393,839 521,280
Net assets 25,830,941 26,703,068
Represented by:
Unrestricted Funds
Restricted Fund 10 431 2,155
Unrestricted Fund 25,830,510 26,700,913
Total Funds 11 25,830,941 26,703,068

Approved by the Trustees on 2 December 2025

Mr David Tennant (Chair) Trustee

The Notes to the Accounts form part of the Financial Statements

12

THE FRANK JACKSON FOUNDATION

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 5 APRIL 2025
Cash flows from operating activities
Cash flows from investing activities
Dividends and interest from investments
Purchase of investments
Proceeds from the sale of investments
Net cash generated from investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
NOTES TO THE STATEMENT OF CASH FLOWS
Reconciliation of net income to net cash flow from operating activities
Net (expenditure)/income for the year
Net loss/(gains) on investments
(Decrease)/increase in creditors
Dividends and interest
Net cash used in operating activities
Analysis of cash and cash and cash equivalents
Cash at bank
Cash held in investments
Cash and cash equivalents
Change in cash and cash equivalents in the year		 2025
£
(970,015)
474,513
(126,104)
460,806
809,215
(160,800)
682,942
522,142
(872,127)
550,764
(34,958)
(613,694)
(970,015)
405,334
116,808
522,142
(160,800)		 Re-stated
2024
£
(943,275)
472,063
(311,583)
619,038
779,518
(163,757)
846,699
682,942
684,471
(969,894)
4,469
(662,321)
(943,275)
567,733
115,209
682,942
(163,757)

13

THE FRANK JACKSON FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

1 Accounting policies

Basis of preparation and assessment of going concern

The accounts 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) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are presented in sterling and are rounded to the nearest pound.

The Charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Fund accounting

The Unrestricted Fund is available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are donations that can only be used for particular restricted purposes within the objects of the charity.

Income

Cash donations are recognised on receipt. Gift Aid is recognised at the time of the donation.

Income from investments is included, together with the related tax credit, in the income and expenditure account on the accruals basis.

Interest on funds held on deposit is included upon notification of the interest paid or payable by the bank.

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 settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. In the case of an unconditional grant offer, this is accrued once the recipient has been notified of the grant award. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Charity.

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

Expenditure on charitable activities includes grants payable and support and governance costs.

14

THE FRANK JACKSON FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

Financial instruments

Financial assets such as cash and debtors are measured at the present value of the amounts receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities are measured at the present value of the obligation

Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their market value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Critical estimates and judgments

The Trustees do not believe there to be any judgements or estimates critical to the financial statements.

3

Donations received
Restricted donations for Amathuba Foundation
Investment income
Interest received
Income from investments
Charitable activities - Support costs
Support costs:
Administrative fees
Travel and subsistence
Accountancy and bookkeeping
Office expenses
Insurance
Bank charges
Sundry expenses
Total Support costs		 2025
£
5,061
5,061
2025
£
16,391
597,303
613,694
2025
£
37,913
26,653
8,584
1,981
493
820
339
76,783		 2024
£
4,150
4,150
2024
£
20,181
642,140
662,321
2024
£
35,352
11,886
12,927
99
493
734
348
61,839

15

THE FRANK JACKSON FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

5
Charitable grants payable
Alexandra Education Committee
Amathuba Foundation
Ashburnham Christian Trust
Cambridge Money Advice Trust
Christel House
Cirdan Sailing Trust
Clifton Preparatory School
Cordwalles Preparatory School
East Anglian School's Trust
Ellen Macarthur Cancer Trust
Envision
Green Light Trust
Gresham College Trist
Ikamva Youth
Kids Inspire
National Youth Ballet
Oriel College Development Trust
Physics Partners
Practical Action
Protec Academy
Resurgo Trust
Solaraid
Suffolk Community Foundation
The Island Trust
The Learning Trust
The Sozo Foundation
The Speakers Trust
Sutton Hoo Ship's Company
The Vula Program at Hilton College
Thembelihle school
West Kent Debt Advice
Western Cape Primary Science Programme (PSP)
Wordworks		 2025
£
30,214
15,291
-
7,000
10,000
15,000
78,614
109,352
4,646
25,000
15,000
25,000
19,500
15,000
11,396
-
96,199
50,000
12,000
7,665
60,000
12,000
54,618
15,000
24,788
25,539
13,055
15,000
25,480
10,435
10,000
29,530
15,112
857,433		 2024
£
23,782
28,903
10,000
7,000
9,986
15,000
67,081
92,042
-
15,000
15,000
25,000
13,500
6,280
-
10,000
159,006
30,000
-
7,602
110,500
-
61,139
15,000
24,048
25,800
9,630
-
21,620
9,244
10,000
28,104
14,886
865,152

All successful grant applications or decisions or directions in relation to all grants, whether involving related parties or not, have been approved by a majority of independent trustees and all such related party arrangements are on a wholly arms length basis.

16

THE FRANK JACKSON FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

6 Governance costs

Audit & statutory accounts
- HW Fisher
- Current year
- Prior year over provision
- Begbies
- Current year		 2025
£
-
(3,398)
9,300
5,902		 2024
£
28,551
(3,648)
-
24,903

7 Staff costs, Trustees remuneration and expenses and Related Party Transactions

The charity has no employees.

Key management personnel were paid fees of £37,312 (2024: £35,362) for their services managing the Foundation on a day to day basis.

During the year, no Trustee received any remuneration or benefits in kind (2024: £nil). Five (5) trustees received £2,939 reimbursement of travel expenses in the year (2024: £1,306 to 5 trustees)

The Foundation paid £25,480 (2024: £21,620) to the VULA programme at which, Mr Tim Seymour's sister, Mrs Susan Southwood, is employed as a co-ordinator. The Foundation also paid £50,000 (2024 - £30,000) to Physics Partners of which Isabelle Haigh is a trustee.

8 Quoted Investments

Market value
At 6 April 2024
Additions at cost
Disposals at carrying value
Net gain on revaluation
Quoted investments at market value
Cash in portfolios
At 5 April 2025
Historical cost of quoted investments		 2025
£
26,066,579
265,285
(440,514)
(571,056)
25,320,294
116,808
25,437,102
23,123,261		 2024
£
25,213,882
501,841
(648,469)
999,325
26,066,579
115,209
26,181,788
23,274,676

17

THE FRANK JACKSON FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

9
Creditors: amounts falling due within one year
Grants payable
Accruals		 2025
£
-
11,495
11,495		 2024
£
13,231
33,222
46,453
10
Restricted Funds
Amathuba Foundation
Amathuba Foundation		 At 6 April
2024
£
2,155
At 6 April
2023
£
-		 Income
£
5,061
Income
£
4,150		 Expenditure
£
(6,785)
Expenditure
£
(1,995)		 At 5 April
2025
£
431
At 5 April
2024
£
2,155

The Foundation receives a small number of donations from UK donors, mostly individuals, on behalf of Amathuba Foundation in South Africa. The Foundation claims gift aid on these donations, where it applies, and then re-grants the restricted donations and gift aid income on to Amathuba Foundation. This re-granting is included in grants payable in Note 5

11 Analysis of Net Assets Between Funds

Fixed assets investments
Cash at bank
Other current assets
At 5 April 2025
Fixed assets investments
Cash at bank
Other current assets
At 5 April 2024		 Unrestricted
Fund
£
25,437,102
404,903
(11,495)
25,830,510
Unrestricted
Fund
£
26,181,788
565,578
(46,453)
26,700,913		 Restricted
Fund
£
-
431
-
431
General
Fund
£
-
2,155
-
2,155		 Total
2025
£
25,437,102
405,334
(11,495)
25,830,941
Total
2024
£
26,181,788
567,733
(46,453)
26,703,068

18

THE FRANK JACKSON FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

12
Financial instruments
Financial assets
Financial liabilities
Financial assets measured at fair value through the statement of
financial activities
Financial assets measured at amortised cost
Financial liabilities measured at amortised cost		 2025
£
25,320,294
522,142
25,842,436
11,495		 2024
£
26,066,579
682,942
26,749,521
46,453

Financial assets measured at fair value through the statement of financial activities comprise listed investments.

Financial assets measured at amortised cost comprise cash and accrued income. Financial liabilities measured at amortised costs comprises only accruals.

13 Commitments

In addition to the grants paid during the year, the Trustees have authorised certain grants which are subject to the recipient fulfilling certain conditions. The total amount authorised as at 5 April 2025 but not accrued as expenditure was £1,805,002 (2024: £1,441,072).

14 Prior year comparatives

The 2024 SOFA comparatives have been re-stated to include previously omitted non-cash accumulation dividends reinvested in the underlying fund.

The 2024 Statement of Cash Flows comparatives have also been re-stated to reflect the underlying investment transactions.

No amendments are required to the 2024 Balance Sheet.

19