Charity number: 1097209 THE CYRIL & EVE JUMBO CHARITABLE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
THE CYRIL & EVE JUMBO CHARITABLE TRUST CONTENTS Page Reference and admlnlstratlve detalls of the Charlty. Its Trustees and advlsers Trustees. report Independent auditors. report on the financial statements Statement of financial activities Balance sheet statement of cash flows 10 Notes to the financial statements
THE CYRIL & EVE JUMBO CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2025 Trustees G A Margolis. Chair R A Hayal, Trustee L Maroolis, Trustee E Engulu, Trustee Charity registered number 1097209 Principal office 3rd Floor Julco House London W1W 8QT Independent audltors BKL Audit LLP Chartered Accountants 35 Ballards Lane London N3 1XW Bankers Canaccord Genuity 88 Wood Street London EC2V 7QR Natwest 1 Princess Street London EC2R 8BP Page 1
THE CYRIL & EVE JUMBO CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present their annual report together with the financial statements of the The Cyril & Eve Jumbo Charitable Trusl for the 6 April 2024 to 5 April 2025. The Trustees have adopted the provisions of Accounling 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 leffeclive 1 January 20191. Objectlves and actlvltles a. Pollcles and objectlves The objectives of the charity as per ils governing document are.. For such exclusively chariiable objects or purposes in any part of th8 wodd as the Trustees may in their discretion think fil. In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IPB21'. b. Actlvltles undertaken to achleve oblectlves The Charity undertakes to give grants in line with ils governing document lo any other charity as the Trustees see fil. c. Investment declslons The Trustees make investment decisions which balance the protection of the Trust's capital and generating sufficient investment income. Risks are mitigated by the appointment of professional managing agents lo managa the investment properties and professional wealth managers lo advis8 and manage the investment of funds in bonds and other securities. d. Grant4naking decisions Grants are awarded to charities and causes which are known lo the trustees or have been recommended lo them by trusted colleagues. The trustees direct charitable awards and grants toward known causes and where outcomes are measurable. Feedback and follow-ups are always requested from the recipient Charities and where possible visits from the trustees are carried out lo assess the outcomes and ensure awards are being used for the intended purpose. e. Grant4naking policy Applications can be submitted to the Trustees by charitable institutions and these applications are considered by the Trustees on a regular basis. Applications should be in writing and incorporate full details of the Charity and the cause for which funding is requested. f. Main activities undertaken to further the Charity's purposes for the public benefit The activity of grant making to other charitable entities as decided by the Trustees furthers the Charitls purposes for the public benefit. Page 2
THE CYRIL & EVE JUMBO CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 Achlevements and perfom)ance a. Main achievements of the Charity The Trustees have continued to support other charities as per il's Trust Deed and there are no immediate plans lo alter the way in which the income is applied to charitable causes. Donations tolalling £75,789 were made in the year {2024.' £192,598}. Flnanclal revlew a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate reSoUrS lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial stalemenls. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves pollcy All of th8 charitls funds held al 5 April 2025 amounted to £2,635,853 12024.. £1,696,527) are general unrestricted funds which are expendable al the discretion of the Trustees in furtherance of the objectives of the charity. As the charity does not currently seek funding but uses its resources lo provide funding for the furtherance of ils objectives, it is the Trustees, policy lo maintain the charity's reserves al a sufficient level lo enable il lo continue lo provide such funding in future years. This is monitored on a regular basis by the Trustees. who review the level of reserves in the light ol future funding requirements. The Trust's investment properties are managed by METRUS in consultation with the Trustees. The Trustees agreed that there had been no material change in the properties. values and therefore kept them at the values agreed at 5 April 2016 revaluation. Structure, governance and management a. Constitutlon Th8 Cyril & Eve Jumbo Charitsble Trust is a registered charity, number 1097209, and is constituted under a Trust deed. b. Methods of appointment or election of Trustees Trustees are recruited lo ensure that there is an appropriate range of skills and experience on the board. When a new Iruslee is appointed they are referred lo Charity Commission Guidance on becoming a Iruslee and are also introduced lo the policies, procedures and systems within the charity. c. Financial risk management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related lo the operations and finances of the Charity. and are satisfied that systems and procedures are in place lo mitigate exposure to the major risks. Page 3
THE CYRIL & EVE JUMBO CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 Plans for future perlods The Trustees intend to continue providing grants in a similar way lo the recent past but retaining flexibility as lo the liming and scale of grant making. Statement of Trustees. responslbllltles The Trustees are responsible for preparing the Trustees, report and the financial ststemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Charity and of its incoming reSoUrS and application of resources, including ils income and expenditure, for that period. In preparing these financial ststemenls. the Trustees are required to.. select suitsble accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP {FRS 1021., make judgments and accounting estimates that are reasonable and prudent., stste whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalements., prepare the financial statements on the going concem basis unless il is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charitls transactions and 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, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for takin9 reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditors Each of the persons who are Trustees at the time when this Trustees. report is approved has confirmed Ihal.. so far as that TrLJStee is aware, there is no relevant audit information of which the charitys auditors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of any relevant audit information and lo establish that the charitS auditors are aware of that information. Auditors The auditors, BKL Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. R A Hayat Trustee Date.. 5 April 2026 Page 4
THE CYRIL & EVE JUMBO CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE CYRIL & EVE JUMBO CHARITABLE TRUST Opinion We have audited the financial statements of The Cyril & Eve Jumbo Charitable Trust Ilhe 'charity'l for the year ended 5 April 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, {United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance wlh the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and ReFX)rting by Charities.. Statement of Recommended ractice issued on 1 April 2005 which is referred to in the exlanl regulations bul has been withdrawn. This has been done in order for the accounts lo provide a true and fair view in accordance wth the Generally Accepted Accounting Practice effective for reFX)rting periods beginning on or after 1 January 2015. In our opinion the financial statements.. give a true and fair view of the stale of the charity's affairs as al 5 April 2025 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 prep8red in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, resF)onsibililies for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financi81 statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the prep8ralion of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 5
THE CYRIL & EVE JUMBO CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE CYRIL & EVE JUMBO CHARITABLE TRUST ICONTINUEDI Other information The other information comprises the information included in the Annual report other than the financial statements and our Auditors, report Ihereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly staled in our report. we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or olhenmse appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise lo 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. Matters on which we are required to report by exception We have nothing to report in respect of the followng matters where the Charities (Accounts and ReF)Ortsl Regulations 2008 requires us to report to you if, in our opinion.. the information 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 and retums,. or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees, responsibilities slalement, the Trustees are responsible for the preparation of the financi81 slalements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statement8 that are free from materi81 misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability lo continue as a going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or lo cease operations, or have no realistic alternative bul to do so. Page 6
THE CYRIL & EVE JUMBO CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE CYRIL & EVE JUMBO CHARITABLE TRUST ICONTINUEDI Auditors. 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 the 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 lo fraud or error, and lo issue an Auditors, 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 IUKI will always delect a material misslalement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedLJres are capable of detecting irregularities, including fraud is detailed below.. Enquiring of management and those charged with governance around actual and potential litigation and claims., Reviewing board meeting minutes of meetings of those charged with governance., Reviewing financial statement disclosures and lesling to supporting documentation lo assess compliance with applicable laws anij regulations., Performing audit work over the risk of management override of controls, including testing of journal entries outside the normal course of business and reviewing accounting eslimales for bias. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or -uklaudilorsres onsibilities. This description forms part of our Auditors. report. Use of our report This report is made solely to the charity'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 stale to the charitys trustees those matters we are required lo slate to them in an Auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and its Iruslees. as a body, for our audit work, for this report, or for the opinions we have formed. SEL 4tidiè LLF BKL Audit LLP Chartered Accountants Statutory Auditor 35 Ballards Lane London N3 1XW Date.. 0510412026 BKL Audit LLP are eligible lo act as auditors in tems of section 1212 of the Companies Act 2006. Page 7
THE CYRIL & EVE JUMBO CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 As restated Total funds 2024 Unrestricted funds 2025 Total funds 2025 Note Income from: Donations and legacies Investments Other income 68.306 149.020 917.835 68.306 149,020 917.835 73,679 79, 732 Total Income 1.135.161 1.135.161 153,411 Expenditure on- Charitable activities 138,146 138,146 226, 763 Total expendlture 138.146 138.146 226, 763 Net incomellexpenditurel before net {lossesllgains on investments 997,015 120.201) 997,015 120.201) (73,352) 4,021 Net Ilossesllgains on investments Net movement in funds before other recognised gainslllossesl 976.814 976.814 {69,331) Other recognlsed galnslllosses): Gains on revaluation of fixed assets Other gains 179, 775 17,181 17,181 Net movement in funds 993.995 993.995 110,444 Reconclllatlon of funds: Total funds brought forward Net movement in funds 1.876,302 993,995 1.876.302 993,995 1, 765,858 110,444 Total funds carried forward 2.870,297 2.870.297 1,876,302 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 11 10 21 form part of these financial statements. Page 8
THE CYRIL & EVE JUMBO CHARITABLE TRUST BALANCE SHEET AS AT S APRIL 2025 As restated 2024 2025 Note Fixed assets Investments Investment property 12 812 1,650,000 627,285 1,650,000 1,650,812 2,277,285 Current assets Debtors Cash at bank and in hand 13 1,708,735 21,493 268,375 42,260 1.730.228 310,635 Current liabilities Creditors.. amounts falling due within one year 14 1510,7431 (711,618) Net current assets I liabilites 1,219,485 (400,983) Total assets less Current liabilities 2,870.297 1,876,302 Net assets excluding pension asset 2,870,297 1,876,302 Total nat assets 2,870,297 7,876,302 Charity funds Restricted funds Unrestricted funds 16 16 2,870,297 7,876,302 Total funds 2,870.297 1,876,302 The financial Statements were approved and authorised for issue by the Trustees and signed on their behalf by.. R A Hayat Date.. 5 April 2026 The notes on pages 1110 21 form part of these financial statements. Page 9
THE CYRIL & EVE JUMBO CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 Cash flows from operating activiti&$ Net cash used in operating activities 824,760 (112,047) Cash flows from investing activities Dividends, interests and rents from investments Proceeds from sale of investments 149,020 623,453 {1.618,0001 79, 732 79,5TO Loan to connected company Net cash {used inllprovided by investing activities 1845,5271 99.302 Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year {20,7671 42,260 112.745) 55,005 Cash and cash equivalents at the end ofthe year 21,493 42,260 The notes on pages 1110 21 form part of these financial ststemenls Page 10
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 General infomiation The Cyril & Eve JumtK) Charitable Trust is an unincorporated charity registered with the Charity Commission for England and Wales. The registered Offi is 3rd Floor, Julco House, 26-28 Great Portland Street, London Accounting policies 2.1 8asls of preparatlon of flnanclal statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applic2ble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'lrue and fairf view and have departed from the Charities IA¢counts and Reports) Regulations 2008 only lo the extent required lo provide a 'true and faiv view. This departure h8s involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Cyril & Eve Jumbo Charitsble Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction v8lue unless otherwise staled in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Income tsx recoverable in relation lo investment income is recognised al the lime the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, il 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 classified by aclivily. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charills objectives, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Gr8nts offered subject lo conditions which have not been met al the year end are noted as a commitment, bul not accrued as expenditure. Page11
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accounting policies (continued) 2.3 Expenditure Icontinuedl All expenditure is inclusive of irrecoverable VAT. 2.4 Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequendy measured at fair value at the Balance sheet dale, unless the value cannot be measured reliably in which case tt is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of financial activities. Investrnents held as fixed assets are shown at cost less provision for impairment. 2.5 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. PrepayTnenls are valued at the amount prepaid nel of any trade discounts due. 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the Charity anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.8 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.9 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the TrLJStees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investrnent income, gains and losses are allocated to the appropriate fund. Page 12
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Donations 68,306 68,306 Unrestricted funds 2024 Total funds 2024 Donations 73,679 73,679 Investment income Unrestrlcted funds 2025 Total funds 2025 Investment income - local investment properties Investment income - connected companies Interest receivable 87,942 54,669 6,409 87.942 54,669 6,409 149,020 149.020 Unrestricted funds 2024 Tolal funds 2024 Investment income - local investment properties Interest receivable 78,671 1,061 78,671 1,061 79, 132 79, 732 Page 13
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Other incoming resources Unrestricted funds 2025 Total funds 2025 Total funds 2024 Income from the liquidation of subsidiary 917,835 917,835 Analysis of grants Grants to Institutions 2025 Total funds 2025 Grants and donations 75,789 75.789 Grants lo Institutions 2024 Total funds 2024 Grants and donations 192,598 192,598 Page 14
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Analysis of grants (continued) The Charity has made the followng material grants lo institutions during the year.. 2025 2024 Name of institution AMA UK Charity Foundation ASPIRE Big Give Camberwell after school project Charity Walk for Peace Chillerns Neuro Centre Collage Arts Grief Encounters Humanity First JW3 Development Literacy Pirates Love for Life 5,000 7 T,2(X) 2,500 2,750 5,000 3,101 4,000 3,737 3,000 2,500 7,500 3,000 4,500 5,000 12,000 10,000 3, 750 3,101 4,582 11,273 5,000 2,000 22,5(K) Lubavilch of Radlett Scene and Heard 5,000 Shelter World Jewish Relief 7,500 32,500 15,000 10,125 Promise Works MSF Sl Mungos 73,588 139,471 Other grants to institutions 2,201 53,127 75,789 192,598 Analysis of expenditure on charitable activities Summary by fund type Unrestrlcted funds 2025 Total 2025 Direct costs 138,146 138,146 Page 15
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Analysis of expenditure on charitable activities Icontinuedl Summary by fund type (continued) Unrestricted funds 2024 Total 2024 Dire¢l costs 226, 763 226, 763 Analysis of expenditure by activities Activities undertaken directly 2025 Grant funding of activities Support Costs 2025 Total funds 2025 2025 Direct costs 850 75,789 61,507 138.146 Grant funding ol &clivilies 2024 Support costs 2024 Total funds 2024 Dire¢l costs 192,598 34,165 226, 763 Audltors. remuneratlon 2025 2024 Fees payable to the Charity's auditor for the audit of the Charitys annual accounts 10,000 Fees payable lo the Charity's auditor in respect of.. The Independent Examination of the Charity 3,000 Page 16
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 10. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024- £NIL). During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL). 11. Investment property Freehold Investment property Valuation At 6 April 2024 las previously stated) Prior Year Adjustment 1,470,225 179,775 At 6 April 2024 las reslaled) 1.650.000 At 5 April 2025 1,650,000 The investment propety is stated al the trustees, valuation, which has been determined using a capitalisalion yield of 70/,. The Iruslees have reviewed market conditions and available evidence and are of the opinion that the fair value of the propety has not changed materialty during the year ended 5 April 2025. The trustees intend to obtain an independent professional valLJalion during the year ending 5 April 2026, and the results of that valuation wll be reflected in the financial statements for that period. Page 17
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 12. Fixed asset investments Other fixed Unllsted asset Investments Investments Total Cost or valuation At 6 April 2024 Additions Disposals 39,995 587.290 627,285 585,147 585,147 139.183} 11,172.4371 11,211.6201 At 5 April 2025 812 812 Net book value At 5 April 2025 812 812 At 5 April 2024 39,995 587.290 627,285 13. Debtors 2025 2024 Amounts owed by group undertakings Amounts owed by participating interests other debtors Prepayments and accrued income 237, 730 1.618.000 8,376 82,359 10,750 19,895 1,708,735 268,375 14. Creditors: Amounts falling due within one year 2025 2024 Amounts owed to group undertakings other laxalion and social security Other creditors Accruals and deferred income 493,969 1.676 1,211 13,887 707, 195 441 3,982 510,743 711,618 Page 18
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 15. Prior year adjustments Investment properties are now included al valuation rather than cost, in line with the requirements of FRS102 and the Charities SORP. This change has been applied retrospectively, resulting in an increase of £179,555 to the Carrying amount of investment properties as al the start of the comparative period. The Corresponding gain has been recognised in the prior year Statement of Financial Aclivilies. Comparative figures have been restated accordingly lo reflect this adjustment. 16. ststement offunds ststement offunds- currentyear Balance at 6 April 2024 Gainsl Balance at 5 (Losses) April 2025 Income Expenditure Unrestrlcted funds General funds 1,876.302 1.135,161 {138.1461 13,020} 2,870.297 Statement offunds- prioryear As restated Gain Balance at (Losses) 5 April 2024 Balance at 6 April 2023 Income Expenditure Unrestricted funds General funds 1, 765,858 153,411 (226, 763) 183, 796 1,876,302 17. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Fixed asset investments 812 812 Investment propety Current assets 1,650,000 1,730,228 1510,7431 1,650,000 1,730,228 {510,7431 Creditors due within one year Total 2,870,297 2,870.297 Page 19
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 17. Analysis of net assets between funds {continuedl Analysis of net assets between funds - prior year Unrestricted funds 2024 Total funds 2024 Fixed asset investments Investment propety las restaledl Current assets 627,285 1,650,(100 310,635 f717,618J 627,285 1,650,0(10 310,635 {711,618) Creditors due within one year Total 1,876,302 1,876,302 18. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2025 2024 Nel incomelexpendilure for the year las per Statement of Financial Acb'vitiesl 976,814 (69,331) Adjustments for: Gainslllossesl on investments Dividends, interests and rents from investments Decrease In debtors 20,201 1149,020> 177.640 1200.875} (4,021) (79, 732) 41,220 (183) Decrease in creditors Net cash provlded byllused Inl operatlng actlvltles 824,760 (112,047) 19. Analysis of cash and cash equivalents 2025 2024 Cash in hand 21,493 42,260 Total cash and cash equivalents 21,493 42,260 Page 20
THE CYRIL & EVE JUMBO CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 20. Analysis of changes in net debt At 6 April 2024 Cash flov At 5 April 2025 Cash at bank and in hand 42,260 {20,767) 21,493 42.260 120.767} 21.493 21. Related party transactions JumboLand Properties Inc. and Seven Dunes Ltd. are related parties by virtue of the fact that they are subject lo 1000/0 direct and indirect ownership by The Cyril & Eve Jumbo Charitsble Trust. Jumboland Properties Inc was liquidated after the year end. Included within creditors is an amount owed lo JumboLsnd Properties Inc in respect of loan tsken to the value of £493,98912024". £707,195). This loan is unsecured, interest free and payable on demand. Included within debtors is £Nil12024". £232,781) owed from Jumbo Land Properties Inc. Seven Dunes Limited was liquidated during the year. Income tolalling £931,917 was received from Seven Dunes Limited12024." £nill. Included within debtors is £Nil12024". 15,0961 owed from Seven Dunes Ltd. The charity made a loan to Hague Securities Limited, a company under the control of three of the Iruslees, totalling £1,618,000 for an initial fixed minimum term of twelve months which may be extended by mutual agreement. Interest is charged al a rate of 8.250/0 per annum. Interest of £54,669 has been accrued within these financial statements. Page 21