REGISTERED CHARITY NUMBER: 1038151
Report of the Trustees and
Financial Statements for the Year Ended 5 April 2025
for
The Jack Dollond Foundation
Reliable Accounts Ltd Chartered Certified Accountants 10 Pangbourne Drive Stanmore Middlesex HA7 4QT
The Jack Dollond Foundation
Contents of the Financial Statements for the Year Ended 5 April 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Page|
|Reference|and|Administrative|Details|1|
|Report of the|Trustees|2|to|3|
|Independent|Examiner's|Report|4|
|Statement|of Financial|Activities|5|
|Balance|Sheet|6|
|Notes|to|the|Financial|Statements|7|to|ll|
|Detailed|Statement|of Financial|Activities|12|
----- End of picture text -----
The Jack Dollond Foundation
Reference and Administrative Details for the Year Ended 5 April 2025
TRUSTEES
A Dollond A Dollond E Dollond
PRINCIPAL ADDRESS
26 Coverdale Road London NW2 4BY
REGISTERED CHARITY 1038151 NUMBER
INDEPENDENT EXAMINER
Reliable Accounts Ltd Chartered Certified Accountants 10 Pangbourne Drive Stanmore Middlesex HA7 4QT
Page 1
The Jack Dollond Foundation
Reportfor the of theYear EndedTrustees.5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. 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 constitution is broadly based and the Trustees have adopted a policy of principally assisting the wider Jewish communities in Britain and Israel with regard to the furtherance of education and the relief of poverty.
Grantmaking
The Trustees anticipate that all grants will be made to registered charities.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year the charity distributed £150,820 (2024: £124,807) in furtherance of its objectives.
Investment performance
The value of investments assets at Sth April 2025 was £1,715,174 (2024: £2,021,499).
FINANCIAL REVIEW
Principal funding sources
The income from investments is used to finance the grants made by the Foundation.
Investment policy and objectives
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level which provides sufficient funds to cover both administration of the charity and to maintain its charitable donations.
FUTURE PLANS
The trustees plan to continue making similar charitable distributions in the forthcoming years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Foundation is an unincorporated trust constituted under a trust deed dated 2nd May 1994 and is a registered charity number 1038151. The Charitable Trust is governed by its constitution.
The Trustee Body was incorporated as the Trustees of the Jack Dollond Foundation on 24th June 2002.
Recruitment and appointment of new trustees
The appointment of trustees is governed by the Trust Deed of the charity dated the 2nd May 1994. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Organisational structure
The board of trustees administer the charity and meet on a regular basis in pursuance of its charitable aims.
Induction and training of new trustees
New trustees are made aware of the organisational structure of the charity and are shown financial statements of the charity for the three preceding years.
Wider network
The trustees consider that its activities provide benefit to communities throughout the United Kingdom and Israel.
Page 2
The Jack Dollond Foundation
Report of the Trustees for the Year Ended 5 April 2025
Approved by order of the board of trustees on 27 November 2025 and signed on its behalf by:
A Dollond - Trustee
Page 3
Independent Examiner's Report to the Trustees of
The Jack Dollond Foundation
Independent examiner's report to the trustees of The Jack Dollond Foundation
I report to the charity trustees on my examination of the accounts of The Jack Dollond Foundation (the Trust) for the year ended 5 April 2025.
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:
I, accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. 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.
----- Start of picture text -----
“a e | ean
----- End of picture text -----
RS Coleman
Reliable Accounts Ltd
Chartered Certified Accountants
10 Pangbourne Drive
Stanmore Middlesex HA7 4QT Date: SA December 26 SF
Page 4
The Jack Dollond Foundation
Statement of Financial Activities for the Year Ended 5 April 2025
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|5.4.25|$,.4,.24|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Investment|income|2|55,436|63,214|
|EXPENDITURE|ON|
|Raising|funds|3|24,549|28,140|
|Charitable|activities|
|Charitable|activities|173,580|153,868|
|Total|198,129|182,008|
|Net|gains/(losses)|on|investments|(181,262)|174,053|
|NET INCOME/(EXPENDITURE)|(323,955)|55,259|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought|forward|2,592,662|2,537,403|
|TOTAL FUNDS|CARRIED FORWARD|2,268,707|2,592,662|
----- End of picture text -----
The notes form part of these financial statements
Page 5
The Jack Dollond Foundation
| Balance Sheet_ | |||
|---|---|---|---|
| 5 April 2025 | |||
| 5.4.25 | 5.4.24 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 574,450 | 573,431 |
| Investments | 7 | 1,715,174 | 2,021,499 |
| 2,289,624 | 2,594,930 | ||
| CURRENTASSETS | |||
| Cash atbank | (506) | 13,523 | |
| CREDITORS | |||
| Amounts fallingduewithin one year | 8 | (20,411) | (15,791) |
| NETCURRENT ASSETS | (20,917) | (2,268) | |
| TOTAL ASSETSLESS CURRENT | |||
| LIABILITIES | 2,268,707 | 2,592,662 | |
| NETASSETS | 2,268,707 | 2,592,662 | |
| FUNDS | 9 | ||
| Unrestricted funds | 2,268,707 | 2,592,662 | |
| TOTALFUNDS | 2,268,707 | 2,592,662 |
The financial statements were approved by the Board of Trustees and authorised for issue on 27 November 2025 and were signed on its behalf by:
A Dollond - Trustee
A Dollond - Trustee
E Dollond - Trustee
The notes form part of these financial statements
Page 6
The Jack Dollond Foundation
Notes to the Financial Statements for the Year Ended 5 April 2025
- 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 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 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.
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.
Governance costs
No remuneration was paid to the trustees in the year, nor were any trustees’ expenses reimbursed.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Tangible fixed assets for use by the charity and depreciation
Tangible fixed assets for use by the charity are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives on the following basis:-
Freehold property
No amortisation has been provided on the freehold land and building as the assets are kept in good repair and their useful lives and estimated residual values are not materially different from the carrying values.
Office equipment and furniture - 25% reducing balance basis
Taxation
The charity is exempt from 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,
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
continued...
The Jack Dollond Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2.|INVESTMENT INCOME|
|5.4.25|5.4.24|
|£|£|
|Dividends|21,040|20,941|
|Interest|34,396|42,273|
|55,436|63,214|
|3.|RAISING|FUNDS|
|Investment management|costs|
|5.4.25|5.4.24|
|£|£|
|Custody &|professional|fees|24,549|28,140|
----- End of picture text -----
4, TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024,
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|
|fund|
|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Investment|income|63,214|
|EXPENDITURE|ON|
|Raising|funds|28,140|
|Charitable|activities|
|Charitable|activities|153,868|
|Total|182,008|
|Net|gains|on|investments|174,053|
|NET INCOME|55,259|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|2,537,403|
|TOTAL FUNDS CARRIED|FORWARD|2,592,662|
----- End of picture text -----
Page 8
continued...
The Jack Dollond Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
| 6. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 6 April2024 | $73,233 | 31,758 | 604,991 | |
| Additions | - | 1,424 | 1,424 | |
| At 5 April2025 | 573,233 | 33,182 | 606,415 | |
| DEPRECIATION | ||||
| At 6April2024 | - | 31,560 | 31,560 | |
| Charge foryear | - | 405 | 405 | |
| At 5 April 2025 | - | 31,965 | 31,965 | |
| NETBOOKVALUE | ||||
| At 5 April2025 | 573,233 | 1,217 | 574,450 | |
| At 5 April2024 | §73,233 | 198 | $73,431 | |
| 7. | FIXED ASSET INVESTMENTS | |||
| Listed | ||||
| investments | ||||
| £ | ||||
| MARKETVALUE | ||||
| At 6April 2024 | 2,021,499 | |||
| Additions | 54,937 | |||
| Revaluations | (361,262) | |||
| At 5 April 2025 | 1,715,174 | |||
| NETBOOKVALUE | ||||
| At 5 Apnil 2025 | 1,715,174 | |||
| At5April2024 | 2,021,499 |
Fixed asset investments at market value comprise:
UK investment assets amounting to £1,313,672 and foreign investment assets amounting to £401,502.
The historical cost of fixed asset investments at 5th April 2025 amounted to £1,268,264.
Page 9
continued...
The Jack Dollond Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
- FIXED ASSET INVESTMENTS- continued
Cost or valuation at 5 April 2025 is represented by:
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Listed|
|investments|
|£|
|Valuation|in|2021|2,251,283|
|Valuation|in|2022|97,583|
|Valuation|in|2023|(386,627)|
|Valuation|in|2024|59,260|
|Valuation|in|2025|(306,325|)|
|1,715,174|
|8.|CREDITORS:|AMOUNTS FALLING|DUE WITHIN|ONE YEAR|
|5.4.25|5.4.24|
|£|£|
|Trade|creditors|20,411|15,791|
|9.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|6.4.24|in|funds|5.4.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,592,662|(323,955)|2,268,707|
|TOTAL FUNDS|2,592,662|(323,955)|2,268,707|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|55,436|(198,129)|(181,262)|(323,955)|
|TOTAL FUNDS|55,436|(198,129)|(181,262)|(323,955)|
|Comparatives|for|movement|in|funds|
|Net|
|movement|At|
|At|6.4.23|in|funds|$.4.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,537,403|55,259|2,592,662|
|TOTAL FUNDS|2,537,403|55,259|2,592,662|
----- End of picture text -----
continued...
Page 10
The Jack Dollond Foundation
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
9. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|63,214|(182,008|)|174,053|55,259|
|TOTAL FUNDS|63,214|(182,008)|174,053|35,259|
----- End of picture text -----
A current year 12 months and prior year 12 months combined position is as follows:
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|6.4.23|in|funds|5.4.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,537,403|(268,696)|2,268,707|
|TOTAL FUNDS|2,537,403|(268,696)|2,268,707|
----- End of picture text -----
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|118,650|(380,137)|(7,209)|(268,696)|
|TOTAL FUNDS|118,650|(380,137)|(7,209)|(268,696)|
----- End of picture text -----
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
Page I1
The Jack Dollond Foundation
Detailed Statement of Financial Activities for the Year Ended $ April 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|5.4.25|5.4.24|
|£|£|
|INCOME|AND ENDOWMENTS|
|Investment income|
|Dividends|21,040|20,941|
|Interest|34,396|42,273|
|55,436|63,214|
|Total|incoming|resources|$5,436|63,214|
|EXPENDITURE|
|Investment|management|costs|
|Custody & professional|fees|24,549|28,140|
|Charitable|activities|
|Grants|to|institutions|150,820|124,807|
|Support|costs|
|Governance|costs|
|Property|expenses|10,990|17,533|
|General|office expenses|1,009|1,233|
|Sundries|317|202|
|Accountancy|9,995|9,995|
|Depreciation|406|66|
|Bank|interest|43|32|
|22,760|29,061|
|Total|resources|expended|198,129|182,008|
|Net|expenditure|before|gains and|losses|(142,693)|(118,794|}|
|Realised|recognised|gains|and|losses|
|Realised|gains/(losses)|on|fixed|asset|investments|(181,262)|174,053|
|Net (expenditure)/income|(323,955)|$5,259|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 12