THE JORDAN CHARITABLE FOUNDATION
(Registered Charity No. 1051507)
ANNUAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
RAWLINSON
& HUNTER

THE JORDAN CHARITABLE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
CONTENTS
Page
Annual Report of the Trustees
Independent Auditor's Report
Statement of Financial Activities
10
Balance Sheet
Cash Flow Statement
12
Notes to the Financial Ststements
13-22

Page 1
THE JORDAN CHARITABLE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEMBER 2023
The trustees present their report and the independently audited financial statements of the Jordan
Charitable Foundation ("the Foundation. or "the Charity.), for the year ended 31 December 2023. These
have been prepared in accordance wilh the accounting policies set out on pages 13 to 15 and comply with
applicable charity law.
REFERENCE AND ADMINISTRATIVE DETAILS
The Jordan Charitable Foundation, registered charity number 1051507, is based and administered
in the United Kingdom. The registered and principal address is Eighth Floor, 6 New Street Square,
New Fetter Lane, London, EC4A 3AQ.
Trustees:
The names of the trustees who served throughout the year and continue to serve al the date of this
report's approval are..
Sir George Russell CBE
Nicholas Richard Fry
Andrew Morris-wyatt
Bridget Caroline Barker (appointed 20 March 2024)
Snowport Limited
Parkdove Limited
The Director of Snowport Limited and Parkdove Limited is Kulwarn Singh Nagra
CEO:
Christopher Jan Andrew Bliss
Auditors:
Azets Audit Services, Ashcombe Court, Woolsack Way, Godalming, Surrey, GU7 1 LQ
Accountants:
Rawlinson & Hunter LLP, Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ
Investment Managers and Custodians:
Bessemer Trust Company NA, New York, USA
The Bank of New York Mellon Corporation, New York, USA
Baillie Gifford & Co., Edinburgh
The Bank of New York Mellon, Brussels,
iii) Payden & Rygel Global Limited, London
Brown Brothers Harriman Fund Administration Services Limited, Dublin
iv) Cazenove Capital, London
Schroder & Co Limited, London
Hamilton Lane, London
vi) Rothschild & Co, London

Page 2
THE JORDAN CHARITABLE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS {contlnued)
Principal Bankers:
Coutts & Co, London
C Hoare & Co, London
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Jordan Charitable Foundation was created by a Trust Deed dated 5 December 1995.
The trustees are responsible for the management of the Charty. The trustees meet four times a
year and the power of appointing new trustees of the Charity is vested in the continuing trustees for
the time being. A new trustee or new trustees may be appointed at any time but, so that Ihe total
number of trustees shall at no time exceed ten. Each trustee is aware of their responsibilities towards
the maintenance of the Charity and the protection of its assets.
Trustee Induction and Training
As part of their training, Trustees are provided with a comprehensive 'operating' manual. which
includes the Foundation's Deed and Charity Commission guidance on Trustee Responsibilities. All
Trustees are aware of their legal duties and obligations in respect of the management of the
Foundation, including in relation to the protection of its assets.
Pay policy for key management personnel
All Trustees give their time freely and no Trustee received remuneration in the year. Details of
Trustees, expenses and related party transactions are disclosed in the noles to the financial
statements. The Foundation had on average 1 paid consuttant based in the UK during the year
ended 31 December 2023 (2022- 1}.
Remuneration Policy
The Trust aims to ensure that consultants are paid approprialely according to the nature of the work
and the experience, knowledge and skills needed to carry out their job.
The Trust aims lo remunerate at a median level when benchmarked against similar organisations in
the sector. The charity is committed lo principles ensuring that pay and conditions of employment
do not discriminate unlawfully and are free from bias.
The Trustees determine the fee arrangement for the CEO and seek to pay a fair remuneration to
attract and retain a skilled and expert senior consultant for the organisation taking into account the
median range for similar organisations in the UK Charity sector. Trustees ensure that the CEO'S
performance is reviewed and reported at least annually by the Chair of the Board of Trustees.
Trustees, Responsibilitles Statement
The trustees are responsible for preparing the annual report of the trustees and financial statements
in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).

Page 3
THE JORDAN CHARITABLE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Trustees, Responsibilities Statement (Continued)
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 the affairs of the
Charity and of the incoming resources and application of resources of the Charity for that period. In
preparing those financial statements, the trustees are required to..
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charity SORP (FRS 102).,
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the Charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the Charity and enable them to ensure that the financial
statements comply with the Charities Act 2011 and where applicable, the Charities Act 2022, the
applicable Statement of Recommended Practice and the trust deed. They are also responsible for
safeguarding the assets of the Charily and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees have complied with their duty under section 17 of the Charities Act 2011 to have due
regard to guidance published by the Charity Commission.
Dlsclosure of infomiation to Auditors
In so far as the trustees are aware..
there is no relevant audit information of which the Charity's auditor is unaware., and
the trustees have taken all steps that Ihey ought to have taken to make themselves aware of
any relevant audit information and to establish that the auditor is aware of that information.
Internal Controls
The trustees have overall responsibility for ensuring that the Charity has appropriate systems of
internal controls. They are also responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the Charity and enable them to ensure
that the financial statements follow best practice. They are also responsible for the Charity
safeguarding its assets and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
The system of internal controls is designed to provide reasonable, but not absolute. assurance
against material misstatement or loss. Control processes implemented by the trustees include..
the preparation of quarterly accounts and consideration of these with regard to financial results,
forecasts and performance indicators. and
the identification and management of risk.

Page 4
THE JORDAN CHARITABLE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The terms of the governing instrument require Ihe trustees to apply capital and income for general
charitable purposes in whichever manner they see fit. Whilst the trustees seek to distribute all
income arising in the year, there is no requirement for them to do so, either under charity law or the
governing document. Instead, Ihey have the power to accumulate all or any part of the income as
an accretion to the underlying Trust Fund, to provide greater benefit in the future.
Grant Making Policies
The current mission statement for the Foundation is..
'To help young people with potential but poor prospects transform their lives by fostering Iheir desire
and confidence to learn, achieve and earn, in order to help transform our world for the better."
To achieve this, the Foundation is looking to partner with a small number of charities and for the
partnerships to be long term and ambitious.
Historically, the trustees, granl making policies were guided by the intentions of the original Founders
of the Foundation. Following the deaths of the Founders, the trustees have transitioned the
objectives of the Foundation to focus on education, but remain conscious of the intentions of the
Founders as the Foundation moves forward.
Note 4 provides a breakdown of the individual grants.
The trustees undertake full due diligence on all possible grant recipients prior to a grant being paid.
Statement of Public Benefit
As a grant-funder, the Foundation's aclivilies will provide public benefit to the individuals and
communities who are beneficiaries of the Foundation's funded projects. The Foundation's public
benefit is not limited with reference to geography. by the charging of fees or otherwise. The trustees
are aware of the Charity Commission guidan￿ on Public Benefit and confirm that they have
complied with the duty in Section 4 of the Charities Act 2011 to have due regard to it. They consider
the information which follows in this annual report, about the Foundation's aims, activities and
achievements in the areas of interest that the Foundation sUPPOrts. demonstrates the benefit to its
beneficiaries and through them to the public that arise from those activities.
ACHIEVEMENT AND PERFORMANCE
Charitable Activities
Direct charitable expendilure for 2023 totalled £5,657,607 (2022 - £3,071,386), represented by
donations to 23 organisations (2022 - 19) and the charity's governance costs. During the year the
largest individual commitment was £1.9 million awarded to support The Sutton Trust over 3 years. A
full list of the direct charitable grants made during the year is set out in note 4 {page 16).
When agreeing to support a charity for a period of more than one year, a grant agreement is
prepared, stating that future tranches of funding will only be paid on receipt of satisfactory financial
statements and impact reporting. However, where multi-year commitments are with established
partners and full due diligence has been undertaken, the trustees have accounted for the full
commitment in the year in which it was agreed,

Page 5
THE JORDAN CHARITABLE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEMBER 2023
ACHIEVEMEPU AND PERFORMANCE (continued)
Charitable Activities (contlnued)
This accounting treatment is in line with the provisions set out in the applicable Statement of
Recommended Practice.
To date, key partnerships have been formed with Intouniversity, The Sutton Trust, HaTris Federalion,
New Model Institute for Technology and Engineering (NMITE), The Prince's Trust, The Wildfowl and
Wetlands Trust, and Teach First.
Investments
Foundation representatives meet with all investment managers on a regular basis to discuss asset
allocation, risk and perfomiance. All trustees are able to attend these meetings on an ad-hoc basis,
should they so wish, otherwise the results are discussed at quarterly trustees, meeting. Investment
performance and asset allocation reports are produced atthe quarterly meetings to allow comparison
of each investment manager's performance to that of its peers and relevant indices. The trustees
are satisfied with each investment manager's performance during the year to 31 December 2023.
The assets of the Charity consist principally of investments and cash, recorded on the Balance Sheet
and supporting notes at their market value. Any increase or decrease over Cost on the restatement
of these values is recorded in the statement of financial activities.
FINANCIAL REVIEW
The Statement of Financial Activities on page 10 shows total incoming resources for the year of
£2,857,973 (2022 - £2.164,032).
Investment income is shown gross of tax credits and investment management costs. These are
reflected with cost of raising funds.
Governance costs amounted to £354,054 (2022 - £337,541} and are included within Charitable
Activities.
Operational costs for the year represent 0.70 % of the Unrestricted Reserves.
The balance of Unrestricted Reserves at 31 De￿mber 2023 is £139,986,200 (2022- £136,931,154).
Reserves Policy
The trustees have reviewed the guidance on reserves as set out by the Charity Commission in
guidance note CC19 and are comfortable that they have complied with the guidance in full, in light
of the main risks faced by the Foundation.
Outstanding commitments are adequately covered by existing resources. The unreslricted net
assets of the Foundation are regarded as free reserves and the funds al 31 December 2023 will be
retained to make grants in accordance with the Foundation's objectives and grant making policies.
The trustees consider that the freely expendable funds are appropriate and adequate taking into
account plans for grants to be awarded in future and have therefore not designated any specific
reserves. However, the trustees will keep this under constant review in future years and a specific
reserves policy may be required in future years.

Page 6
THE JORDAN CHARITABLE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR TO 31 DECEMBER 2023
FINANCIAL REVIEW (continued)
Risk Management
A risk assessment has been performed during the preparation of this report and the Financial
Statements. The risk assessment undertaken comprises of:
A review of the risks the Foundation faced during the period, since the period end and which it
may face in the future,
The establishment of systems and procedures to mitigate those risks., and
The implementation of procedures designed to minimise any potential impact on the Foundation
should those risks materialise.
This work has identified that financial sustainability is the major financial risk for the Foundation. A
key element in the management of financial risk is a regular review of available liquid funds to settle
debts as they fall due and active management of trade debtors and creditors balances to ensure
sufficient working capital by the Foundation.
The trustees have signed fit and proper declarations in line with HMRC guidance.
PLANS FOR THE FUTURE
The Trustees continue to identify potential strategic partners to further their objectives, as well as
continuing discussions with existing partners with respect to providing additional support.
AUDITOR
A resolution was passed at the Trustees, meeting, that Azets Audit Services be appointed as auditor
to the Foundation for the year to 31 December 2023.
Approved by the Trustees on i<(? l
and signed on their behalf by:

Page 7
INDEPENDENT AUDITORS REPORT
TO THE TRUSTEES OF
THE JORDAN CHARITABLE FOUNDATION
Opinion
We have audited the financial statements of the Jordan Charitable Foundation (the 'Foundation'> for the
year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet,
cashflow statement and the notes to the financial statements, 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..
give a true and fair view of the state of the Foundation's affairs as at 31 December 2023 and of its
incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of Ihe Charities Act 2011.
Basls for oplnlon
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
Foundation 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 Ihat 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 malerial uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the Foundation's ability to
continue as a going con￿rn for a period of at least twelve months from when Ihe financial statements are
authori5ed 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 other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other information
contained within Ihe annual report. Our opinion on the financial statements does not cover the other
information and we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements
themselves. 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.

Page 8
INDEPENDENT AUDITORS REPORT
TO THE TRUSTEES OF
THE JORDAN CHARITABLE FOUNDATION (continued)
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 Charrties (Accounts
and Reports) Regulations 2008 require us lo report to you rf, in our opinion..
the information given in the financial slatements is inconsistent in any material respect with the
trustees, report., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records. or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the statement of trustees, responsibilities, 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 Ihat are free from material misstatement, whether due lo fraud or error. In preparing the
financial statements, the Trustees are responsible for assessing the Foundation'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 cease operations, or have no realistic alternative
but to do so.
Audltor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance
with Ihe Act and relevant regulations made or having effect thereunder.
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 auditorfs 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.
Misstalements 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.
A further description of our responsibilities is available on the Financial Reporting Council's website at-.
https.'Ilwww.frc.org.ukJauditorsresponsibilities. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detectlng irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's
website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely
future developments, including in relation to the legal and regulatory framework applicable and how the
entity is complying with that framework. Based on this understanding, we identfy and assess the risks of
material misstatement of the financial statements, whether due to fraud or error, design and perform audit
procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide
a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to
applicable laws and regulations, including fraud.

Page 9
INDEPENDENT AUDITORS REPORT
TO THE TRUSTEES OF
THE JORDAN CHARITABLE FOUNDATION (continued)
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we
designed procedures which included:
Enquiry of management and those charged with governance around actual and potential litigation
and claims as well as actual, suspected and alleged fraud.,
Reviewing minutes of meetings of those charged wilh governance;
Assessing the extent of compliance with the laws and regulations considered to have a direct
material effect on the financial statements or the operations of the entity through enquiry and
inspection,.
Reviewing financial statement disclosures and testing to supporting doGumentation to assess
compliance with applicable laws and regulations- and
Performing audit work over the risk of management bias and override of controls, including testing
of journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and reviewing accounting estimates
for indicators of potential bias.
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 of nol detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
Use of our report
This report is made solely to the Foundation's trustees, as a body, in accordance with part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to
the Foundation's trustees those mattels we are required to state to them in an auditors, 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 Foundation and the Foundation's trustees as a body, for our audit work, for this report, or
for the opinions we have formed.
Debra Saunders Bsc FCA (Senior Statutory Auditor)
For and on behalf of Azets Audit Services Llmited
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ
23 October 2024
Azets Audit Services Limited is eligible to act as an auditor in accordance with Section 1212 of Ihe
Companies Act 2006.

Page 10
THE JORDAN CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR TO 31 DECEMBER 2023
Page
Unrestricted Funds
2023
2022
Income from:
Investments (note 2)
15
2,857.973
2.164,032
Total income
2,857,973
2,164,032
Expenditure on:
Charitable activities (note 4)
Raising funds (note 5)
16
17
5,657,607
619,875
3,071,386
616,417
Total expenditure
6,277,482
3,687,803
Net gainsl{losses) on investments (note 6)
18
6,663,830
(28,347,447)
Net (expenditure}lincome:
3,244,321
(29,871,218)
other recognised gains:
(Losses)Igains on foreign currency revaluation
(189,275)
1.120,469
Net movement In funds
3,055,046 (28,750,749)
Reconciliation of funds:
Total funds brought forward at 1 January 2023
136,931,154 165,681,903
Total funds carried fomard at 31 December 2023
£139,986,200 £136,931,154
The notes and schedules on pages 13 to 22 form part of these accounts

Page 11
THE JORDAN CHARITABLE FOUNDATION
BALANCE SHEET
AT 31 DECEMBER 2023
Page
2023
2022
Fixed assets:
Investments (note 6)
18-20
145,783,356 141,656,825
Current assets:
Debtors (note 7)
Cash al bank (note 8)
20
20
65,137
4,235,491
65,177
5,243,493
4,300.628
5,308,670
Liabilities:
Creditors - Amounts falling due within one year (note 9)
20
(4,789,428) (4,809,135)
Net Current Assets
(488,800)
499,535
Total assets less current liabilities
145,294,556 142,156.360
Creditors - Amounts falling due more than one year (note 9)
20
(5,308.356) (5,225,206)
Total Net Assets
£139,986,200 £136,931,154
The funds of the charity:
Unrestricted Fund5
£139,986,200 £136,931,154
Approved by the Board of Trustees and
Signed on their behalf by:
.2024
Trustee
The notes and schedules on pages 13 to 22 form part of these accounts

Page 12
THE JORDAN CHARITABLE FOUNDATION
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
2023
2022
Net Cash flow from Operating Activities
Net incomingl(expended) resources after gains
Less investment income
Less deposit interest
Decrease in debtors
Increasel(decrease) in creditors
Net (gain)Iloss on investment assets
Net lossl(gain) on foreign exchange
3,055,046 (28,750,749)
(2,561,566) (2,078,997)
(274,575)
(81,430)
40
969,997
63,443 (3,858,526)
(6,663,830) 28,347,447
189,275 (1,120,469)
Net cash oufflow from operating activities
(6,192,167) (6.572,727)
Returns on investments and servicing of finance
Investment income
Deposit interest
2,561,566
274,575
2,078,997
81,430
Capitsl expenditure and financial investments
Purchase of investments
Proceeds from sale of investments
(100,767,405) (30,972,988>
102,412,324 26,353,220
Decrease in cash in the period
£ (1,711,107) £ (9,032,068)
Reconciliation of net cash flow to movement in net funds
Net cash resources at 1 January 2023
Decrease in cash
Foreign exchange movements
8,499,631 16,411,230
(1,711.107) (9,032,068)
(189,275)
1,120,469
Cash and Cash Equivalents at 31 December 2023
£ 6,599,249 £ 8,499,631
Cash and Cash Equivalents Consists of:
Cash at bank and in hand (note 8)
Cash held with investments managers (note 6)
20
18
4,235,491
2,363,758
5,243,493
3,256,138
Cash and Cash Equivalents at 31 December 2023
£ 6,599,249 £ 8.499,631
The notes and schedules on pages 13 to 22 form part of these accounts

Page 13
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
ACCOUNTING POLICIES
The Jordan Charitable Foundation ("the Charity. or Yhe Foundation.), registered charity number 1051507,
is based and administered in the United Kingdom. The registered address is Eighth Floor, 6 New Street
Square, New Fetter Lane, London, EC4A 3AQ. The nature of the Charity's operations and principal
activities are set out in the Trustees. Annual Report.
The financial statements have been prepared in accordance wrth Accounting and Reporting by Charities:
statement of Recommended Praclice applicable to charities preparing their accounts in accordance with
the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) {"Charities SORP
FRS 102") issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland {FRS 102), the Charities Act 2011, where relevant the CharEties Act 2022 and UK
Generally Accepted Accounting Practice. The Foundation conslitutes a public benefit entrty as defined by
Charities SORP FRS 102.
The financial statements are presented in sterling which is the functional currency of the Charity,
Fixed Asset Investments
Investments are included at closing mid-markel value (excluding any accrued interest). Realised gains
and losses on investments are recognised as they arise and any gain or loss on revaluation is taken to the
statement of Financial Activities. The determination of any gains and losses are calculated by reference
to the value of such assets at the beginning of the accounting period.
Incoming resources
All incoming resources are included in the Statement of Financial Activities when the Charty is entitled to
the income and the amount can be quantified with reasonable accuracy.
Income from interest bearing deposit accounts is recorded as and when received only.
Resources expended
Expenditure is included on an accruals basis and is recognised when there is a legal or constructive
obligation to pay for expenditure.
Direct charitable expenditure comprises grants and donations made during the year together with the
recognition of certain commitments made by the trustees. Governance costs are included within charitable
expenditure. These costs relate to the general running of the Foundation as opposed to the management
functions inherent to generating funds. Such costs can include external audit, legal advice and costs
associated with constitutional and statutory requirements.
Foreign Currency
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the
Balance Sheet date. Transactions denominated in foreign currencies are converted atthe rate of exchange
ruling at the date of the transaction. All translation differences are taken to the statement of financial
activities as they arise.

Page 14
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
ACCOUNTING POLICIES (continued)
Debtors and creditors receivable I 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 as expenditure.
Cash and Cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly
liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts,
when applicable, are shown within borrowings in current liabilities. Cash held by investment managers for
investing is treated as part of the investment portfolio.
Provisions
Provisions are recognised when the charity has an obligation at the Balance Sheet date as a result of a
past event, it is probable that an oufflow of economic benefit will be required in settlement and the amount
can be reliably estimated.
Grants payable (note 10) are recognised at present value, where settlement is due over more than one
year at the Balance Sheet date, there are no unfulfilled conditions under the control of the trust
performance that would permit the trust to avoid making the future payment{s), settlement is probable and
the effect of discounting is material. The discount rate used is a rate of 2.5 % and is regarded by the trustees
as providing the most current available eslimate of the cost of money reflecting the time value of money
to the trust.
Status of funds
The entire resources of the Charity are unrestricted and the trustees have complete discretion for their use
in furtherance of the objectives.
Taxation
The Foundation is not subject to any taxes on its charitable activities.
Going Concern
The financial slatements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level
of income and expenditure for twelve months from the date of signing of these financial statements. The
forecast income and reserves are sufficient to cover all of the budgeted expenditure to be able to continue
as a going concern.
The current ongoing conflict in Ukraine and the resulting high energy costs and other cost inflating factors
have affected the global economy. The continuing rise in the Bank of England base interest rates is likely
to have a negative impact on the investments held by the Foundation. Having considered the contingency
plans in place and having reviewed updated cashflow forecasts, the trustees consider the adoption of the
going concern basis in preparing these financial statements continues to be appropriate.

Page 15
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
ACCOUNTING POLICIES (continued)
Judgements and key sources of estimated uncertalnty
In preparing these financial statements, the trustees have to make judgements on how to apply the
Charity's accounting policies and make estimates about the future. The critical judgements that have been
made at arriving at the amounts recognised in the financial statements and the key areas of estimation
uncertainty that has a significant risk of causing a material adjustment to the carrying value of assets and
liabilities in the next financial year, are discussed below..
Liabilities falling due after more than 1 year
i) The trustees have assumed an applicable discount rate (interest rate) of 2.5 % per annum at 31
December 2023 to discount the future cash flows relating to grants payable to the present value, A
higher discount rate would result in a lower discounted liability value being presented as a liability. A
lower discount rate would result in a higher discounted liability value being presented as a liability in
these financial statements; and
ii) have estimated the grant payment dates based on their expectation of when the recipient will call on
the cash. A longer period would result in a higher discount and a lower liability value being presented
as a liability in these financial statements. A shorter period would result in a lower discount and a
higher liability value being presented as a liability in these financial statements.
Page
2023
2022
INVESTMENT INCOME
Quoted investments
Interest on cash deposits
Accrued interest received on fixed interest stocks
Liquidation Proceeds
2,561,566
274,575
14,794
7,038
2,078,997
81,430
1,178
2.427
10
£ 2,857,973 £ 2,164,032
DONATIONS AND LEGACIES RECEIVED
At 1 January 2023, the balance of funds due from the Estates of the Founders was £78. This balance
was received during the year and no further funds are due from the Estates of the Founders.

Page 16
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
CHARITABLE ACTIVITIES
Registered
Charity No.
2023
2022
UNITED KINGDOM
The Sutton Trust
The Wildfowl & Wetlands Trust
The Harris Federation
The Prince's Trust
Royal National Children's SpringBoard Foundation
Engineering Development Trust
Career Ready
Tutor the Nation
County Air Ambulance Trust
The Stockwell Cliffe Charitable Trust
Herefordshire RDA
Age UK Hereford and Localities
British Disabled Angling Association
St Michael's Hospice
Wye & USK Foundation
Hope and Hospitality
Sutherland Schools Pipe Band, Golspie
Angling Trust
Atlantic Salmon Trust
Herefordshire Growing Point
The Wings for Life
Loth Helmsdale Flower Show Society
Brockhampton Cricket Club CIO
Intouniversity
Helmsdale & District Development Trust
Herefordshire Cathedral
Pace Centre
1146244
1030884
6228587
1079675
1167491
1156066
1092891
1192231
1057063
1195153
1100675
1093512
1074729
511179
1080319
1159213
SC015660
1,900,000
1,580,000
960,000
600,000
100,000
100,000
92,500
50,000
22,000
20,000
17,297
11,000
11,000
11,000
11,000
10,000
9,000
5,500
5,500
5,500
5,000
4,500
3,000
78,881
50,000
20,000
20,000
478,865
10,000
10,000
10,000
10.000
10,000
8,000
5,000
5,000
5,000
252742
1006625
1138804
SC029615
1162136
1118525
4,000
1,500,000
271,500
100.000
10.000
1051168
1011133
Add l (Less):
Finance expense arising on discount of long term commitments
Adjustment to required support on previously committed funds
17,174
(247,418)
127,599
Total grants awarded
5,303,553
2,733,845
Support Costs
Accountancy, administrative and secretarial fees
Staff costs
Audit fees
Trustees insurance fees
Legal fees
Trustees expenses
209,400
120,000
20,100
3,142
720
692
191,700
120,000
15.000
3,082
7,759
354,054
337,541
Total cost of grant making
10
£ 5,657,607 £ 3,071,386

Page 17
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
CHARITABLE ACTIVITIES (continued)
SUMMARY OF TOTAL GRANTS SINCE INCEPTION ON 5 DECEMBER 1996
Period from 5 December 1995 to 31 December 2022
Year to 31 De￿mber 2023
42,001,552
5,303.553
£47,305,105
STAFFAND TRUSTEES REMUNERATION
The trustees and CEO constitute the key management of the Foundation. The trustees were not paid any
salaries during the year. The total amount of benefit received by key management was £120,000 (2022:
£120,000), received by the CEO through a consultancy arrangement.
Expenses totalling £692 (2022: £nil) were paid to the CEO in reimbursement of expenses incurred on the
Trustees behalf in the course of carrying out their duties. This cost is incurred evenly across the trustees
and relates to subsistence at their annual meeting.
Azets Audit Services, the Foundation's auditors, received no remuneration in respect of non-audit
services.
Auditor remuneration was £16,750 net of VAT (2022.. £12,500 net of VAD.
Page
2023
2022
COST OF RAISING FUNDS
Investment management and performance monitoring fees
Non-recoverable tax on investment income
Custodian fees
Bank charges
Costs associated with legacy income
517,100
95,203
7,178
394
528,806
60,896
12,298
444
13,973
10
£ 619.875 £ 616,417

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Page 20
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
FIXED ASSETS (continued)
Location of investment assets and cash
Page
2023
2022
Investment assets and cash held wrthin the United Kingdom
Investment assets and cash held outside the United Kingdom
54,691,356
29,890,468
91,092,000 111,766,357
£145,783,356 £141,656,825
DEBTORS
Recoverable foreign tax deductions
Income in course of collection
Trustee insurance prepayment
Estate proceeds held for the benefrt of the Foundation
60,902
4,235
61,956
3.143
78
65,137
65,177
CASH AT BANK
Coutts & Co - GBP Current Account
Coutts & Co - USD Current Account
C. Hoare & Co.
USD Deposit Account
C. Hoare & Co.
USD Account
C. Hoare & Co. - GBP Account
Cazenove - GBP Income Account
Rothschild & Co - Income Account
Barclays Bank PIC GBP Current Account
The Bank of New York Mellon GBP Income Account
Bessemer Trust Company USD Income Account
885,908
404.970
2,749,411
57.642
13,721
111,863
11,410
449
115
347,281
1,870,347
2,904,323
13,952
87,183
449
19,730
228
11
£ 4,235,491 £ 5,243,493
CREDITORS - Amounts falling due wlthln one year
Donation commitments
Investment management fees
Investments in course of collection
Accountancy and secretarial fees
staff costs
Audit fees
Safe custody fees
4,529,236
96,338
67,427
41,400
30,000
20,100
4,927
4,624,102
94,628
40,500
30,000
15,000
4,905
£ 4,789,428 £ 4,809,135
CREDITORS - Amounts falling due more than one year
Donation commitments
£ 5,308,356 £ 5,225,206

Page 21
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
10. GRANT COMMITMENTS
As mentioned in the trustees, report, there are certain direct charitable commrtments that are not
recognised in financial statements because they are subject to a number of contingencies, such as..
the receipt of adequate financial statements from the recipient charity"
support being dependent and other contributing factors., and
satisfactory reports being received from the recipient charity in relation to the projects to which
the trustees have made a commitment.
At 31 December 2023, the Foundation had the following contingent liabilities:
Hèrèfordshire RDA - the trustees agreed to support the construction of a new equestrian centre up to
the value of £1,000,000. As at the 31 December 2023; drawdowns totalling £534,049 have been made
against the commitment in relation to purchasing an area of land at Symonds Trewen, Herefordshire and
associated professional fees. The remaining balance of £465,951 remains contingent.
Royal National Children's Springboard Foundation - the trustees agreed to support disadvantaged
young people in the boarding programme up to the value of £500,000. As at 31 December 2023.
payments totalling £100,000 have been made to Royal National Children's Springboard Foundation. The
remaining balance of £400,000 remains contingent.
Career Ready - the trustees agreed to fund 100 students through paid internships up to the value of
£448,882. As at 31 December 2023, payments totalling £171,382 have been made to Career Ready. The
remaining balance of £277,500 remains contingent.
Engineering Development Trust- the trustees agreed to fund the development and the delivery of the
new programme to inspire STEM apprenticeships up to the value of £300,000. As at 31 De￿rnber 2023,
payments totalling £100,000 have been made to Engineering Development Trust. The remaining balance
of £200,000 remains contingent.
Queen Elizabeth Scholarship Trust
the trustees agreed to support various educational and
scholarship programmes up to the value of £150,000. No payments have been made to yet and the full
amount remains contingent.
Tutor The Nation the trustees agreed to support the core costs of the charity up to the value of
£150,000. As at 31 December 2023. payments totalling £100,QOO have been made to Tutor The Nation.
The remaining balance of £50,000 remains contingent.
11. RELATED PARTY TRANSACTIONS
No trustee received any remuneration during the year to 31 December 2023 (2022 - none>.
No related party transactions have occurred during the year to 31 December 2023 (2022~ none)

Page 22
THE JORDAN CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31 DECEMBER 2023
12. FINANCIAL INSTRUMENTS
Page
2023
2022
The carry amounts of the Foundalion's financial instruments are as
follows..
Financial assets
Measured at fair value through SOFA:
-Fixed asset quoted investmenls
-cash under management
-cash at bank and in hand
-Debtors
18
18
20
20
143,419,598 138,400,687
2,363,758
3,256,138
4,235,491
5,243,493
65,137
65,177
Financial liabilities
Measured at amortised cost
-creditors
20
10,097,784
10,034.341
The net gains attributable to the Trust's financial instruments
are summarised as follows:
Income and expense
Measured at fair value through SOFA..
Ivet (losses)/gains (including changes in fair value)
18
6,663,830 (28,347,447)