Regf5tered No 1067378
ILIB CHARITABLE TRUST
Annual Report and Financial Statements
31 March 2024

TRUSTEES
MJdeHBell
CMBell
EJdeHBell
R L de H Buller {Appointed on 30 September 2024)
PRINCIPAL ADDRESS
Birch House
37 Waterford Lane
Lymington S041 3PT
AUDITORS
SKS Audit LLP
3 Sheen Road
Richmond
TW9 1AD
BANKERS
Cater Allen Private Bank
9 Nelson Street
Bradford BD15AN

TRUSTEES, REPORT
The Trustee5 present their report along with the financial statements of the Charity for the
year ended 31 +llarch 2024. The firbancial 5tateTnents have been prepared in accordance
with the accounting policies set out in thi5 report and comply with the applicable law.
CONSTITUTION AND OBJECTS
The MJB Charitable Trust was established on 10 December 1997 and registered as a charity
on 12 January 1998. It is governed by a Trust Deed.
The objects of the CharTty are to SUPFK)rt any charitable objects and purposes, in any part
of the world, which the Tru5tee5 at their absolute discretion think fit through the wovlsion
of grants and assistance, primarily to vulnerable persons.
ORGANISATION
The Trustees who have served during the year and since the year end are set out on the
previous page. The Trustees meet as required to discuss and approve the actiwties
undertaken by the Trust.
FINANCIAL REVIEW AND INv￿ME1￿ POUCY
Durlng the year the Trustees have made donationslgrants totalling £581,467.
The Charity operates a single unrestricted fund which amounted to £5,524,395 at 31 March
2024.
There are no restrictions on the Trustees, powers to invest. The Charity's funds which are
not required to meet operational costs were invested at 31 March 2024. The investments
consist of a holding in indexed-llnked Treasury Stock, cash at bank or bank deposlts an
units in COIF Investment Fund5. There are no direct holdings of shares. COIF take5 account
of social, environmental and ethical consideration5 in its investment policy.
LE¥lEL OF RESERVES
The Trustees have considered the minimum reserves to be held by the Charity. It Is the
policy of the Charity to hold an amount equal to a minimum of the committed grants and
donations at any time plu5 £20,(KX). At the year end the assets held were very significantly
in excess of this amount. Free reserves totalled £5,524,395 12023: £5,237,286).
PUBLIC BENEFIT & GRANT MAKING POUCY
The Truslees confirm that they have referred and considered the Charity Commi55ion'5
guTdance on public benefit, including the guidance 'public benefit: running a charity IPB21',
when reviewing the Charity's aims and objective5 and in plarining future activities and
projects.
The objectives of the Charity are very wide and the organi5ationslindividuals that the
Charity supports are those which it thinks are worthy of its support, The Charity has, in
practice, mostly supported other charitie5 which provide help to those with mental health
issues, homelessnes5 and work in Central Africa.

RISK MANAGENIENT
The Trustees have reviewed and identified the major risks to which the Charity is exposed
and are satlsfied that appropriate steps are in place to mitigate them.
GOVERNANCE
The wwer of appointing new trustees of the Charity is vested in the Settlor. The total
number of Trustees shall at no time exceed five.
All decisions in respect of the Trust's operations are made and carried out by the Trustees.
TRUSTEES, RESPONSIBILrriES IN RELATION TO THE FINANCIAL STATEMENTS
The Charity trustees are responsible for preparing a trLJStee5' annual repN)rt and financial
statements In accordance wfth appllcable law ar)d United Kingdom Accounting Standards
Iunited Kingdom Generally Accepted Accounting Practice).
The law applTcable to charitie5 Tn England and Wales requires the Charity trustees to prepare
flnancial statements for each year which give a true and fair view of the state of affairs of
the charlty and of the Incoming resources and application of resources, of the charity for
that period. In preparfng the financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the method5 and principles in the applicable Charities SORP;
make judgements and estimates that are reasonable and prudent"
state whether applicable accounting standards have b*n followed, subject to any
material departures that must be dlsclosed and explained In the financlal
statements.
prepare the financial statements on the going concern basis unless it is inapproprfate
to presume that the Charity will continue in business.
The Tru5tee5 are responsible for keeping accwnting records which disclose with reasonable
accuracy at any time the financial position of the Charity and enable them to ensure that
the finanaal statements comply wth the Charities Act 2011, the applicable Charfties
(Accounts and Reports) Regulations, and the prowsions of the Trust Deed. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable 5tep5
for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance ￿th the Statement of Recommended Practice:
Accounting and Reporting by Charitles.
Approved by the Trustees and slgned on their behalf by:
MJdeHBell
Trustee
Dated: 2024

INDEPENDENT AUD￿OR,$ REPORT TO THE TRU￿Es OF MJB CHARITABLE TRUST
Opfnlon
We have audlted the financial statements of ILIB Charitable Trust Ithe'charity'l for the year
ended 31 March 2024 which comprise the Statement of FinancTal Activities, the Balance
sheet, the Cash Flow Statement and note5 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 (United
Kingdom Generally Accepted Accounting Practice).
In our oplnlon, the financial 5tatementS:
give a true and fair view of the state of the Charity'5 affair5 a5 at 31 IAarch 2024 and
of its incoming resources and appllcatlon of re￿urCeS for the year then ended.
have been properly prepared In accordance with United Kingdom Generally Accepted
Accounting Practice.
have been prepared in accordance with the requirements of the Charfties Act 2011.
Basls for oplnlon
We conducted our audit in accordance w7th International Standards on Auditing IUKI {ISAs
IUKII and applicable law. Our responsibilities under those standards are further deKribed
in the Auditors, responsibilities for the audit of the financial statements 5ectlon 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%
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.
Concluslons relatlng 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 perfomied, we have not Identified any material uncertainties
relating to events or conditions that, individually or collectTvely, 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 tru5tee5 with respect to going concern
are described In the relevant sections of this report.
Other 1nformatlon
The trustee5 are responsible for the other infoThation. The other information comprises the
information included in the Annual Report, other than the financial statement5 and our
Report of the Independent Audltors thereon.
Our opinlon on the flnanc7al Statements does not cover the other information and, except
to the extent otherwise explicitly stated in our report. we do not expres5 any form of
assurance conclumon thereon.
In connection wth our audTt of the financial statements, our responsibility TS to read the
other information and, in doing so, consider whether the other infomiation is materially
inconsistet)t 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 thi5 gives rlse
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 thi5 regard.
Matters on which we are requlred to report by exceptlon
We have nothing to rewrt in respect of the following matters in relation to whlch the
Charities IAccDurbts and Report51 Regulations 2(KJ8 requires us to report to you If, in our
opinion:
the infonnation given in the Trustees. report is inconsistent in any Material respect
with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records. or
we have not recelved all the information and explanations we require for our audit.
Responsibilities of the trustees
As explained more fully in the Statement of Trustee5' Responsibilities, the trustees are
responsible for the preparation of the financial statements which 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 materlal misstatement, whether due
to fraud or error.
In preparlng the flnanaal statements, the t￿￿tee5 are responsible for assessing the charity's
ability to c{￿tInue as a going concern, disclosing, as applicable, matter5 related to going
concern and using the going concern basis of accountlng unless the trustees either intend to
liquidate the Charlty or to cease operations, or have no realistic alternative but to do so.
Our responslbllitles for the audit of the financial statement5
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report
in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtaln reawnable assuran￿ about whether the financial statements
as a whole are free from material misstatement, whether due Lo fraud or error, and to issue
Report of the Independent Auditors that includes our opinion. Reasonable assurance is a
high level of a55urance, but is not a guarantee that an audit conducted in accordance wth
ISAS IUK) will always detect a material mi55tatement when it exists. Misstatement5 can arise
from fraud or error and are considered material if. individually or in the aggreyate, they
could reasonably be eX￿ted to influence the economic decisions of users taken on the
basis of these financTal statements.
The extent to which our pr￿edureS are capable of detecting irregularlties, including fraud
is detailed below:
We obtalned an understanding of the legal and regulatory frameworks applicable to the
Charity and the sector in which it operates.
We obtalned an understanding of how the Charity Ts complying with t￿se legal and
regulatory frameworks by making enquires of management.
We assessed the susceptibility of the Charitys financial statements to material
misstatement, including how fraud might (Kcur. Audit procedures perfomied by the
engagement team included:
1. Identifying and assessing the design effectiveness of controls management ha5 1
place to prevent and detect fraud.
2. Understanding how those charged with govemance considered and addressed the
potential for override of controts or other inappropriate influence over the financial
reporting process.

3. Challenging assumptions and judgments made by management in its accounting
estirnate5.
4. Identifying and testing journal entries, in particular any journal entries posted with
unusual account combinations; and
5. Assessing the extent of compliance with the relevant Liw and regulatlons.
A further description of our responsibilities for the audit of the financial statements is
located
on
the
Financial
Rewrting
Council's
website
at
www.frc.org. uklauditorsresponsibilities. This description fomis part of our Report of the
Independent Aui*tors.
Use of our report
This report is made solely to the charlty's trustees, as a body, In accordance with Part 4 of
the Charities (Accounts and Reportsl Regulations 2008. Our audit work has been undertaken
so that we might Stale to the charity'5 trustees those Matter5 we are required to state to
them in an auditors. report and for no other purw5e. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than the charity and the
chadty's trustees as a body, for our audit work, for this rewrt, or for the opinions we have
formed.
Mrmo
narden Plllay Chelvanaigum
Senlor Statutory Auditor
For and on behalf of SKS Audit LLP
Chartered Accountant & Business Advisors
3 Sheen Road
Rlchmond Upon Thames
TW9 IAD

MJB CHARrrABLE TRUST
STATEMENT OF FINANCIAL AcnvmES
for the year ended 31 March 2024
Total.
2023
Totall
Z024
Note
I INCOME
Donations
165,0
275,000
i Investment income:
osit interest
1,875
Govemment Stocks
834
940
Un7t trusts
144,546
'. TOTAL INCOME
312 255
422 570
EXPENDITURE
Expendlture on charltable actmties
Charitable activities:
Donations
Grants EJable
Other costs
381,057
166,449
TOTAL EXPENDrruRE
507 723
586 292
NEf INCOiIEIjEXPÈNDITURE)
163:722)_
l Unrealised gainsl(lossesl on revaluatTon of
Investment assets
195 325
450 831
Net movement in funds
390 793
287 109
Reconciliation of funds
Fund balances at 1 Apnl 2023
BALANCE AT 31 MARCH 2024
5 628 079
5 237 286
5 237 286
524
The statement of financial activitTe5 incl￿eS all gains and 105ses in the year. All incoming resources
and resources expended derive from continulng actI￿tIes.
'Ail funds are unrestricted

MJB CHARITABLE TRUST
BALANCE SHEET
at 31 March 2024
Total.
Total.
2023
2024
INVESTMENTS
Government stocks
Unlt Trust
37,532
4 971 175
5 008 707
38,382
5421 156
5 459 538
CURRENT ASSErs
Debtors
Cash at bank and on deposit
240,677
99,457
Credltors:
Amounts falllng due within one year
NET CURRENT ASSErs
TOTAL ASSETS LESS CURREKf LIABILITIES
5 237 286
5 524 395
FUNDS
5 237 286
24
All f￿dS are unrestrtcted
The financial statements were approved by the Trustees on Iq 0tr4Jts 2024 and
signed on their behalf by:
MJdeHBell
Trustee

JB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
PRINCIPAL ACCOUNTING POLICIES
The principal accountir)g policies are summarised below. The accountlng pjlicles have been
applied ci)nsistently throughout the year and in the preceding year, except where stated.
a) Basis of accountlng
The flnanclal statements 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 1021 (effective 1 January 20191- (Charities SORP
IFRS 102}I, the Finandal Reporting Standard applicable in the UK and Republic of Ireland
IFRS 102}.
IIUB Charilable Trust meets the definition of a public beneflt entlty under FRS 102.
A55ets and liabilities are initially recogni5ed at historical cost or transaction unless
otherwise stated in the relevant accounting policy note.
b) Income
Income is recognised when the charity has entitlement to the funds and the amount can
be quantified with reasonable accuracy. The following specific policies are applied to
particular categories of income:
Investment income is ?￿luded when receivable
Voluntary income is received by way of grants, donations and gifts and is
inclLKJed in full in the Statement of FinancTal Actiwties when receivable.
c) Expefiditure
Expenditure is included on an accruals basis as a liability Is fncurred. Expenditure
Includes any VAT which cannot be fully recovered, and 15 reported as part of the
expenditure to which it relates:
Charitable expenditure comprises those cost5 incurred by the Charity In the
delivery of its activities and seryices lor its beneficiarles. It include5 both costs that
can be allocated directly to such activitie5 and those costs of an indirect nature
necessary to support them.
Grants payable are charged in the year when the offer is conveyed to
the
recipient except in those cases where the offer is conditional, such grants being
recognlsed as expenditure when the C¢)nditions attaching are fulfilled. Grants offered
subject to conditions which have not been met at the yearend are noted as a
commitment, but not accrued a5 expenditure.
Governance costs include those costs associated with meeting the constitutlonal
and statutory requirements of the Charity.
10

MJB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
d)
Investment5
Investments, consisting of Govemment st(Kks and unit trust5, are forms of basic financial
instrument and are inltlally reC￿nised at their transaction value and subsequently
measured at their fair value as at the balance sheet date using the closing market value.
The statement of financial activities includes the net gains and losses arfsin4 on
revaluation and disposals throughout the year.
Other investments are held at cost.
e) Fund accountins
Other charitable fund5 are donations and other incoming resources or generated for the
objects of the charity ￿th￿t further specified purpose and are available as general
funds.
f) Going Concern
The Trustees consider that there are no material uncertainties about the charity's ability
to continue as a goir)g concern.
gl Cash at bank and in hand
Cash at bank and cash In hand i￿LudeS cash and short term highly liquid investments with
a Short maturity of three months or less from the date of acqulsltlon or openlng of the
deposit or similar account.
hj Trade ond Other Recelvables
Trade and other receivables are recognised at the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid net of any trade
discount5 due.
h) Trade and Other Payables
Payables are reC￿nised where the charlty has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount
dLJe to settle the obligation can be measured and estimated reliably.
11

MJB CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
INVESTMENTS
The investments heid consist of:
111 A holding of Index-llnked Treasury Stock maturing in July 2024 with a market value
of £38,382 at 31 March 2024 (2022: £37,532).
Units held with COIF Investment Funds with a market value of £5,421,156 at 31
March 2024. Original cost £4,050,(￿o.
Movement in the year:
Valuation as at 1 April 2023
Unrealised gains
Valuation as at 31 hlarch 2024
4,971,175
449,981
5,421,156
GRANTS AND DONATIONS
During the year grant5 Of:
£78,000 were made to Solent Mind to fund their Heads-up Young People Semce and
for the Weekend Support Seryice at the two resource centres that they run in the
New Forest.
£62,410 were made to Minstead Trust to enable them to purchase and develop the
Real Jam and Chutney Company Limited.
£60,000 were made to Dorset Mind for the provision of seThices to children and young
people In Dorset.
In addltion, further donatlons of £381,057 in aggregate were made in the year all of which
were made to institutions. The highest value to one individual institution was £30,000 for
this financial year.
CRED￿OR5
Represented by:
2023
2024
Donations
Audit fees
7,298
25,000
£12 098
£34 600
TRUSTEES REMUNERATION
None of the Trustees lor any persons connected with them) received any
remuneration or reimbursement of expenses during the year.
12

MJB CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
RELATED PARTIES
Durlng the year ending 31 March 2024 the Charity received donations of £220,IJ)O
12023: £165,000) from its Trustee5 - Mr M J de H Bell and Mrs C M Bell which have
been grossed up for the attributable gift aid.
AUDITOR'S REMUNERATION
2024
2023
Auditor'5 fee
13