ReBlrtered No 1C67378
hUB CHARrrABLE TRUST
Annual Rep)rt and Finanaal Statements
31 March 2025

TRUSTEES
MJdeHBell
CMBell
EJdeHBell
R L de H Buller
PRINCIPAL ADDRESS
Birch House
37 Waterford Lane
Lymington S041 3PT
AUDrroRS
5KS Audit LLP
3 Sheen Road
Richmond
TW9 1AD
BANKERS
CAF Bank
25 Kings Hill Avenue
West Malling
Kent ME19 4JQ

TRUSTEES. REPORT
The Trustees present their report along wlth the financlal statements of the Charity for the
year ended 31 March 2025. The flnanclal statements have been prepared In ￿cOrdance
wlth the accountln8 pollcles set out In this rep(rt and coM￿Y wlth the appllcabLe law.
CONSTITUTION AND OBJECTS
The MJB Charitable Trust was establis￿d on 10 December 1997 and reglstered as a charfty
on 12 January 1998. It is governed by a Trust Deed,
The d)jects of the Charlty are to SUFPOrt any charitable objects and purposes, in any part
of the world, whlch the T￿Slee5 at thelr absolute discret1(￿ think flt through the PrO￿$10n
of grants and a5ST5tance) prlmarTly to vulnerable persons.
ORGANISATION
The Trustees who have served durlng the year and slrKe the year end are ￿t out on the
prevlous page. The Trustees meet as requlred to discuss aid apprcNe the attlvltles
undertaken by the Trust.
FINANCIAL REVIEW AND INIESTMEKf POLICY
t￿rIng thÈ year the Charlty ha5 made donatlonslsrants totalllng £1,011,461.
The Charity operate5 a slngie unrestritted fund which amounted to £4,988,316 at 31 March
2025.
There are no restrictions on the Trustees, piwers to invest. The Charity's funds whlch are
not requlred to meet opèratlDnal costs were inyested at 31 March 2025. The Investments
consist af units In COIF Investrnent Funds and cash at bank or bank deposit5. There are no
dlrect holdlngs of shares. COIF takes account of Sc￿lai, erwironw*ntal and ethical
conslderatlDlls in its Trivestment policy.
LEVEL DF RESERVES
The Trustees have considered the mlnlmum reserves to be held by the Charity. It is the
pollcy of the Charlty to tr￿d an arn(￿nE ewal to a rr.inlmum of the c(Mnmltted grants and
donatTons at any tlme plus £20,000. At the year end the assets held were very slsnlflcahtly
In excess of thls amount. Free reserve5 totalled IX,988,31612024: £5,524,395>.
PUBLIC BENEFrr & GRAKf IIAKING POLICY
The T￿tst￿$ conflrni that they have referred and considered the Charlty Comm15slon's
guidance on public beneflt, Including the guldance 'publlc benefit: running a charity (PB2}',
when revfewln¥ the Charity's alms and objectlve5 and In plamfng future actlrftles and
ojects.
The objectlves of the Chartty are very wide aid the orsanlsatlon51individuals that the
CharTty supports are those whlch It thlnks are worthy of its suptx>rt. The Charity has, In
practice, mostly supported other charities vthkh provTde help to those vhth mental health
Issues, homelessness and work in Central Afr,ca.

RISK MANAGEMEkir
The Trustees have re￿eWed and IdentSfled the major rfsks to whlch the Charfty Is expi)sed
and are sat15fled that approprlate steps are In place to mitlgate them.
GOVERNANCE
The wwer of appoInti￿ new tnjstees of the Charfty Is vested In the Settlor. The total
number of Trustees shall at no tlme exceed flve.
A(1 declslons In respect of the Trust's operatlons are made and carrled out by the Trustees.
Tru¥rEE5' RESPONSIBILITIES IN RELA￿ON TO THE FINANCIAL STATEMEKrs
The Charlty tnjstees are respjislble for preparlng a trustees, annual report and flnandal
statements In accordance with appllcable law ar.d United Klngdom Accountlng Standards
(United Kingdom Generally Accepted Accountlng Practlcel.
The law appllcable to charftles In England and Wales requires the Charfjty trustees to prepare
flnanclal staternents for each year whlch give a true and fair view of the state of affalrs of
the charlty arKI of the Incoming resources and applicatlon of resources, of the charfty for
that perlod. In preparing the flnancial sLitements, the tTrstee5 are requlred to.,
select sultabie accountlng policles and then apply them consfstently
observe the methcds and priKipies In opp11cable Charltles SORP.
make Judgements and estÉmate5 that are reasonable and prudent;
stste whether applicable accoJnting standards have been followed, subject to any
materlal departures that must ￿ diKiosed and explained In the flnanclal
statements;
prepare the fTnanclal staternents on the golng concem basls unless Tt is Inapproprlate
to presume that the Charity ￿11 contlv4Je In buslneyj.
The Trustees are responslble for keeplng accountlng records whlch dTsclose with reasonable
accuracy at any time the financial rnsltlon of the Charlty arKI enable them to ensure that
the flnancial statements comply ￿th the Charitie5 Act 2011, the appllcable Chadtles
(Accounts and Reports) Regulatlons, and the provi5i¢)ns of the Trnst Deed. They are also
responsible for safeguarthng the assets of the Charfty and hence for taklng reasonable steps
for the prevention and detectlon of fra￿1 and other Irreguiarftles.

Thls report has be￿ prepared In accordance with the Statement of Recommended Practlce:
Accountlng and ReFxJrtlng by Charities.
Approved by the Tru5tee5 and signed on thelr behalf by.
MJdeHBell
Trustee
Dated: Zi f4 z025

INDEPENDEKf AUDITOR'S REPORT TO THE TRU￿Es OF MJB CHAR￿ABLE TRUST
Oplnfon
We have audited the flnanaal statements of WJB Charftable Trust (the'Charity} for the
year ended 31 March 2025 whlch comprtse the Statement of Finandal Actlvitles, the
Balance Sheet, the Cash Flow Staternent and notes to the flnancial statements, includlng a
summary of slgnlflcant accouitlng policies. The financlal reportlng framework that has
been applled In their preparation is applicable law and Unlted Kingdom Accountlng
standards Iunlted Kingdom fjenerally Accepted Accountlng Practlce).
In our apinlon, the flnanc1al statements:
glve a true and fair view of the state of the Charlty's affalrs as at 31 March 2025
and of Its Incomlng resources ar#J applicatlon of resources for the year then ended;
have been properly prepared in accordance wlth Unlted Klngdcmn Generally
Accepted l£counting Practke;
have been prepared In accordartt wlth the requlreffEnts of the Charitle5 Act 2011.
Basls for oplnlon
We conducted our audTt in accordance w5th Internatlonal Standards on Audftlng {UKI115As
(UK)) ar)d appllcable law. Our re5wn51bllltles under those standards are further described
In the Audltors, responsfbllltles for the audit of the financial statements section of our
report. We are independent of the Charlty In accordance with the ethical requlrÈrnents
that are relevant to our audit of the flnancial statements in the UK, includlng the FRC'S
Ethlcal Standard, and we have fulfllled our other ethical responsibilitie5 in accordance
with th￿ requlrements. We believe that t￿￿ audit evldence we have ctitalned Is
sufficlent and approprfate to Pra￿de a basis for ￿r opfnlon.
Conciuslons relatlng to gofng corKern
In atKtitlng the flnanclal statements, we have concluded that the trustee5' use of the golnq
concern basls of accounting in the preparatlon of the flnandal staternents is approprlate.
Based on the work we have performed, y￿ have not Identifled any materlal uncerta1ntles
relatlng to events or conditions that, Indlwdually or collectlvely, may cast slgnlflcant
doubt on the Charfty's ablllty to continue as a g07ng cor.cern for a period of at least twelve
mtjnths from when tne financlal statements are authorlsed for issue.
Qur responsibllities and the responslbili-ies of the tnJsiees with respect to golng concem
are described In the relevant sectlons of this rewjrt.
Other Informatlon
The twstee5 are responslble for the other 1nforrnat1￿. The other Information comprises
the information Included fn the Annual Report, other than the financial statements and
our Report of the Independent Auditors thereon.
Our oplnlon on the flnancial statements does ￿t cover the other Infomiatfon and, except
to the extent otherTrvlse explidtly stated In our report, we do not express any form of
assurance conclusion thereoi.
In Con[￿ctIon with our audlt of the flnancial statements, our responsibility ts to read the
other Informatlon arml, in dolng so, conslder whether the other Informatlon Is materially
Inconsistent with the financial statements or our kr.owledge obtained In the audit or
otherwlse appears to be materially mls5tated. If we identlfy such materlal Inconslstencles
or apparent ma:erial misstatements, we are required to detertnlne whether thfs gtves rfse
to a materfal mlsstatement In the finandal statements themselves. If, based on the work

we have performed, we conclude that there Is a matertal mlsstatement of thls other
InfOn￿atIon, we are requlred to report that fact. We have nothlnq to rep)rt in thls regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report In respect of the fo'.lowing matters In reLatlon to whlch the
Charities (Accounts and Reports} Reguiatlon5 21XJ8 requires u5 to report to you1f, In our
oplnlon:
the Informatlon glven In the Tru5tees' report Is Inconsfstent In any materlal respect
wlth the tinandal statements" or
suffldent accounting records have not been kept. c
the flnancial statements are not in agreement with tkne accounting records. or
we have not received all the Infomiatlon and explanattons we requi.'e for our audlt.
Responslbllltles of the trustees
A5 explalned more fully in the Statemert of Trustees Responslbilities, the trustees are
responslble for the preparatlon of the flnancial statements which give a tr￿ and falr
vlew, and for such Internal Contr(￿ as the trustees determine is necessary to enable the
p￿paratIon of financlal statements that are free from maberial m15Statement, whether
due to fraud or error.
In preparlns the flnandal statewMts, the trustee5 are responsible for a55esslng the
charitvs èbllity to continue as a golng concem, discloslngi as appllcabie, mattets related
to golng concern and using the going concem basis of accountlng unless the trustees elther
Intend to Ilquldate the Charlty or to cease operat1￿, or have no reallstlc alternative but
tod0￿.
Our responslbilitie5 for the audlt of the flnandal statements
We have been appolnted as auditars under Section 144 of the Charltles Act 2011 and
reporl In accordance vlth the Act and relevant regulatlons made or havlng effect
thereunder.
Our objectives are to obtaln rea50nabie assurance about whether Lhe fIna￿la1 Statements
as a wI￿le are free from materfal mlsstatement, whether due to fraud or error, and to
issue a Report of the Independent Audltots that includes our oplnTon. Reasonable
assurance Is a hlgh level of assurance, but Is not a guarantee that an audit conducted In
accordance WIth15￿ (UK) will always detect a materfal misstatement when it exist5.
Mlsstatements can arise from frdud or error and are considered material if, indfvidually or
In the aggregate, they could reasonably be eX[￿tted to influence economlc dectsions
of users taken on the basls of these flnandal Statements.
The extent to whlch our procedures are capable of detectlng Irregularlties, Includlng fraud
Is detailed below:
We obtalned an understanding of the legal and regulatory frameworks applicable to
the Charity and the sector In whlch It operates.
We obtalned an understandlng of how the Charity Is complylng WTth those legal and
regulatory frameworks by maklng ewulres of management.
We assessed the susceptibility of the Charitys financial statements to material
mlsstatement, including how fraud ￿ight c￿Ar. Audit procedures performed by the
engagement team Included..
1. Identifying and assesslng the deslgn effectivene&s of controls management has In
place to prevent and detect fraud.

2. Understanding those charged with governance consldered and addressed the
potentlal for override of controls cff other InapproprEate Influence over the
fIna￿la1 reporting prctess.
3. Challenging assumptions and jLxlgments made by management In Its accountlng
estimates.
4. Ident1fyTng and testlng Joumal entrie5,1n partlcular any Joumal entrie5 Posted with
unusual account comblnatlons. and
5. Assesslng the extent of compllance with the relevant law and regulatlons.
A further descrlptlon of our respDnslbilities for the audlt of the flnanclal statements Is
located on the Financlal Reportlng Councils website at
www.frc.org.uklaudito￿re￿S1bllftle5. Th15 de5CriPtlon fcyms part of our Report of the
Independent Audltors.
Use of our report
Thls rewrt ts ￿.ade solely to the charitys tn￿frees, a5 a boty, In accordance wfth Part 4 of
the Charities (Accounts and RerM)rts) Regulations 2008. Our audlt work has been
undertaken so that we mlght state to the tharftys tNstees those matters we are requlred
to state to them In an audltors. report and for no other purpose. To the fullest extent
permltted by law. we do not accept or assume resrthsibility to anyone other than the
charfty and the chariws trustees as a bodyj for wr audit wo￿. for thls report, or for the
opinions we have formed.
osanarden C
elvanalsum FCCA
Senior Ststutory Audltor
For and on behalf of SKS Audlt LLP
Ch14rtered Accountsnt & Business'Advlsors
3 Sheen Road
Rlchmond Upon Thames
TW9 1AD
Date:
2qID
2025

MJB CHARITABLE TRUST
STATEMENT OF FINANCtAL AcfiviTIES
for the yoar ended 31 March 2025
Total,
2024
Totalfi
2025
Note
INCOME
Donations
275,000
581,426
Investment Income:
Dep¢)sit Interest
2,084
451
Government stocks
940
483
Unlt trust5
145 352
TOTAL INCOME
57
727 712
EXPENDrruRE
Expèndlture on charltsble act1￿1
CharftabLe attlvltles:
E¥)natlpns
Grants payable
Other costs
381,057
200,410
373,461
638,000
TOTAL EXPENDrruRE
586 292
1022 458
NEf EXPENDrruRE
{163,7221
(294746)
RealisedlUnreali5ed galnsl{lowl on revaluation
of investment Dssets
241 333
Net nwvement In funds
536
79
Réconcllfatlon of funds
Fund balance5 at 1 April 2024
BAIANCE AT 31 htARCH 2025
The statement of flnancial aciivTties Includes all galns aTrl 1055es In the year. All Incomlng resources
and resources expended dorfye from contirnulng actl7Atles.
'Ail funds are unrestdcted

MJB CHARITABLE TRUST
BALANCE SHEET
at 31 March 2025
Total.
Total*
2024
2025
INVESTMEtrirs
Government stctks
Unlt Trust
38,381
5 421 156
5 459 538
4 879 543
4 879 543
CURRENT ASSErs
Debt¢ws
Cash at bank and on doposlt
55.218
99.457
124.065
Credltors:
Amounts falllnl due wtthin one year
CURRENT A5SErs
TOTAL ASSETS LESS CURRE1￿ UABILrriES
5 524 395
4 988 316
FUNDS
5 524 395
All fufjds are unrestrlcted
The financial statements were approved by the Trustees on li 2025 and
signed on their behalf by:
MJdeHBell
Trustee

MJB CHARrrABLE TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 hlarch 2025
Z024
2025
Net cash flow used In Operati￿ activltles
141220
369 272
Cash flows from Investing actfvltles
Disposal Df Investments
Cash provlded by *)vestlni actlvftles
338 662
338,662
Decrease in c45h & cash equlvalents In the year
141 220
{30,6101
Cash & cash eqLrivalÈrt5 at the beglnrkln8 of the year
240,6TI
99,457
Total cash & cash equlval?nts at the erKI of the year
10

MJB CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 hlarch 2025
PRINCIPAL ACCOUNTING POUCIES
TiTre principal accounting policies are sumniarised below. The accounting pol1cies
have been applied consistently throughout the year and in the preceding year,
except where stated.
a) Basls of accountlng
The flnancial statements have been prepared in accordance wlth Accountlng and
Reporting by Charities: Ststernent of Recommended Practlce applicable to
charTtles preparlng their accounts In accordance the Flnancfal Reporting
Stsndard applicable In the UK and Republic of Ireland (FRS 102> leffectlve 1
January 2019) - (Charitfes SORP {FRS 102)), the Financial Reporting Standard
appllcable In the UK and Republlc of Ireland (FRS 102).
MJB Charltable Tnjst meets the deffnitlon of a public benefit entlty under FRS
102, Assets and IlabilitTes are Inltfally recognised at hlstorlcal cost or transaction
unless otherwise stated in the relevant accountlng policy note.
b) Income
Income is recognlsed when the charity has entitlement to the funds and the
amount can be quantified wlth reasonable accuracy. The followlng speclflc
policies are applied to particular categories of Income:
Investment income1s included when receivable
Voluntary Income is received by way of grants, donations and glfts and
Is included in full in the Statement of Flnandal Activitie5 when
receivable.
c) Expend7ture
Expendlture Is Included on an accrual5 basis as a liabillty Is Incurred. Expenditure
includes any VAT which cannot be fully recovered, and is reported as part of the
expendlture to which It relate5:
. Charltable expenditure Compr1￿ those costs incurred by the Charfty In the
delivery of Its activitles and services for its benefldarles. It include5 both
Costs that can be allocated threctly to such activitles and those costs of an
indirect nature necessary to support them.
Grants payable are charged in the year vthen the offer is conveyed to
the redpient except in those cases where the offer Is condltlonal, such grants
being recognlsed as expenditure when the conditlons attachlng are fulfilled.
Grants offered subject to conditions which have not been met at the yearend
are noted as a commitment, but not accrued as expendlture.
Govemance costs Include those costs assc￿lated with meetlng the
constltutionaL and statutory requirements of the Charlty.
11

d) Investments
Investments, consistlng of Govemment stcth and unit trusts, are forms of baslc
flnanclal Instrument and are iThltlally recognised at their transaction value and
subsequently measured at thefr fair value as at the balance sheet date using the
closing market value. The statement of flnancial actiYitie5 includes the net 8ains
and losses arising on revaluatlon and disposals throughout the year.
Other Investments are held at cost.
e) Fund accountlns
Other charftable fund5 are dDnatlons and other Incoming resources or generated
for the objects of the charfty without further specified purFX)se and are available
as general funds.
f l Golns Concern
The Trustees consider that there are no material uncertalnties about the Charfty's
abllity to contlnue as a going COn￿M.
g) Cash at bank
Cash at bank includes cash and short tem highly liquid investments a short
maturlty of three months or less from the date of acqufsltlon or openlng of the
deposlt or simllar account.
INVE¥fMENTS
The Investments consist of Unlts held with COIF Investrnent Funds with a rnarket
value of £4,879, 543 at 31 March 2025.
Movement in the year:
Valuatlon as at 1 April 2024
Unlts enca5hed
Unreallsed losses
Valuation as at 31 March 2025
5,421,156
(3CK),IM)O>
(241,613)
4,879,543
During the year the holding at 31 March 2024 of Indexed-linked Treasury Stock
matured with a realised gain of E280.
12

GRAltrs AND DONATIONS
Durins the year grants of:
£78,OCX) were made to Solent Mind to fund thelr Heads.Up Young People
Servfce and for the Weekend Support Service at the two resource centres that
they run Tn the New Forest.
£60,OQO were made to Dorset Mind for the provision of seNlces to children
and young people In Dorset.
£500,000 was made to Foxies, Future to assist in the purchase of the Foxlease
Activity Centre.
In additlon, further donatlons of £373,461 in aggregate were made In the year all of
Ich were made to institutions. The hlghest value io one indiifjdual Institutlon was
£30,OLNJ for thls flnancial year.
DEBTORS
Represented by:
2024
2025
Tax repayable
Dlvidend payable
20,000
CRED￿OR5
Represented by:
2024
2025
Donatlons
Audit fees
25,000
10,OCIJ
£15 292
TRUSTEES REMUNERATION
None of the Trustees (or any persons connected with them) recelved any
remuneration or reimbursement of expense5 during the year.
RELATED PARTIES
Durlng the year ending 31 March 2(r25 the Charity received donations of
£465,000 (2024: £220,IXIO} from its Trustees - Mr M J de H Bell and Mrs C.M
Bell which have been srossed up for the attributable ￿ft a1d.
AUDrroR'S REMUNERATJOM
2024
2(Y25
Auditor's fee
13

Cash flow from operatlons
2024
2025
Net. movement in fund5
Unrealised {loss}Igain on revalua￿On of
investment
Increase In debtors
Increase / (decrease) in credltors
287,109
(536,079
(450,831)
241,333
{55,218)
{19,308)
22,502
Net cash flow used In operatlng actlvltles
141,220
l O. Ultimate Controlllng Party
For the whole of the year, the charity was under the control of the Trustees as shown
fn legal and adminlstratfve inforniation.
14