2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1104252

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	to	13
Detailed Statement of Financial Activities		14

THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES

TRUSTEES Mrs A L Boobyer Mrs A C Cooke PRINCIPAL ADDRESS Greenacres Laleston Bridgend CF32 0HN REGISTERED CHARITY NUMBER 1104252 INDEPENDENT EXAMINER Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Page 1

THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The primary object of the Charity, as stated in its Trust deed, is to pay or apply its income in perpetuity for such charitable purposes in the United Kingdom or outside the United Kingdom as the Trustees shall at their absolute discretion from time to time see fit. In so far as the income of the Trust fund shall not be applied in pursuance of the objects, the Trustees shall invest and accumulate the income for such periods as may be allowed by law in the names of the Trustees in an investment permitted by law for the investment of the funds, with power to the Trustees at their discretion to vary any investments. The Trustees shall hold such accumulations upon the trusts declared in the Trust deed so that the whole part of the accumulations may at any time be applied in or towards the objects as if it had been income arising in the year in which it shall be applied. The Trustees, provided they are acting unanimously, shall have power from time to time in their absolute discretion if they shall so think fit to pay or apply the whole or part of the capital of the Trust fund in furthering the objects.

The objectives for the year were to continue to support primarily local medical and educational (both sporting and arts) causes, whilst carefully managing the investment returns of the existing resources. The Charity has looked to achieve its strategic aims and carry out its objectives for the year through a number of large monthly grants/ donations to medical and educational causes. The Trustees' policy is to make a number of one off donations at their absolute discretion. The Trustees are continuing to move their focus to support more Rhondda Valley based causes.

The board confirms that they have referred to the Charity Commission's guidance on public benefit when reviewing the Trust's aims and objectives, in planning future activities, and setting the grant making policy for the year.

In particular, we have considered how planned activities will contribute to the aims and objectives they have set. The focus of the activities has continued to be the support of local medical and educational charitable causes which benefit the local South Wales community, although donations are made to support a number of other local charitable causes at the discretion of the Trustees.

Grantmaking

The Trustees have the total discretion to make grants to other causes as they see fit from the unrestricted reserves. Currently the board have decided to apply the majority of the charitable expenditure to the medical and educational sectors.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Charity has supported local medical charities in the year which was in line with the Trustees' plan. In giving such support to the local charitable causes the Trustees gave fulfilled their objectives for the year. During the year the Charity has continued its transition to the support of more Rhondda based worthy causes, with ongoing donations to Neil Boobyer Rugby Solutions (who is supporting various Rhondda rugby based initiatives on behalf of the charity).

The board have continued to pursue the charitable objectives, which have resulted in the distributions of funds being made to several charitable causes.

Monitoring achievement

For the larger educational donation the Trustees receive regular reports on the activities of the funded projects which are considered by the Trustees.

FINANCIAL REVIEW

Financial position

During the course of the year we have continued to utilise the Charity's reserves in line with its objectives.

During the year the charity reported a deficit of £72,673 (2024: £65,232 ) which includes net gains of £58 (2024: £NIL) on investments.

The unrestricted reserves at 31 March 2025 were £1,126,526 (2024: £1,199,199).

Principal funding sources

The Charity's income, at present, is largely interest investment income on the donations received from the Charity's founder BWR Jones, and rental income.

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Investment policy and objectives

Investments powers are governed by the Trust Deed, which permit the Trustees to invest and transfer investments in all respects as if they were the absolute owners. We review the performance of the investments and investment strategy periodically. The return on the portfolio investment account for the year was 3.4%

Reserves policy

The board has examined the Charity's requirements for reserves in respect of the main risks to the organisation and plans to continue to use the reserves to fulfil and complete the charitable obligations and commitments it enters into. In furtherance of the objects of the Charity all the reserves are freely available to apply for charitable purposes at the board's discretion. Currently we do not maintain a limit over the level of free reserves in the unrestricted funds, which we consider appropriate given the size and complexity of the Charity.

We continue to monitor this policy periodically and assess whether a monetary level or range of unrestricted funds should be applied as a reserves policy. This policy is reviewed annually.

FUTURE PLANS

The future level of donations and grants to other organisations will be at the discretion of the Trustees, pursuant to fulfilling the objectives of the Charity. The Trustees look forward to continuing to apply the income of the Charity with grants/donations to other causes in the future. The Trustees plan to continue to support donations to local medical and educational charitable causes which benefit the local South Wales community, as well as other charitable causes at the discretion of the Trustees with a focus on Rhondda Valley based causes.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Charity constitution

The Charity is constituted by a Trust Deed dated 5 April 2004 and registered with the Charity Commissioners under charity number 1104252. The Charity was established following an initial gift by BWR Jones in 2005. The Charity does not actively fund raise but seeks to continue the philanthropic work desired by the initial donor through gifts and careful stewardship of its existing resources.

The Trustees meet as and when required, although under the Trust Deed must hold at least two ordinary meetings each year. At these meetings, the Trustees agree the broad strategy and areas of activity for the Charity, including applying its income, investments, reserves and risk management policies and performance.

Recruitment and appointment of new trustees

The induction process for any newly appointed Trustee comprises an initial meeting with the existing Trustees on the objectives of the Charity including the application of income, investments, reserves, risk management policies and performance and power of the Trustees. The newly appointed Trustee will also receive copies of the prior year annual financial statements, trust deeds and Trustee meeting minutes.

Organisational structure

The day to day administration is carried out by the Trustees and enlist the services of professional advisers as and when specialist legal and professional expertise is required.

Related parties

The Trustees charge an administration fee for their time running the Charity and are also reimbursed for their travel costs.

Risk management

The Trustees have examined the major strategic, business and operational risks to which the Charity is exposed. Suitable controls are in place, given the size of the Charity, to mitigate those risks and to enable regular review by the Trustees to minimise any potential impact on the Charity should any of those risks materialise. The main risk affecting the Charity is that of poor investment returns over the long term. To mitigate this risk the Charity' investments are held with Barclays Wealth and are reviewed quarterly by the board. The Charity has also diversified its investments into a portfolio of investment properties.

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................................... Mrs A C Cooke - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

Independent examiner's report to the trustees of The Dezna Robins Jones Charitable Foundation

I report to the charity trustees on my examination of the accounts of The Dezna Robins Jones Charitable Foundation (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Henry Lloyd-Davies

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Date: .............................................

Page 5

THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes INCOME AND ENDOWMENTS FROM Investment income 4 EXPENDITURE ON Raising funds Investment management costs 5 Charitable activities Direct Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2025 Unrestricted fund £ 41,625 12,764 12,764 101,534 - 114,298 (72,673) 1,199,199 1,126,526	2024 Total funds £ 32,525 11,041 11,041 86,681 35 97,757 (65,232) 1,264,431 1,199,199

The notes form part of these financial statements

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

BALANCE SHEET 31 MARCH 2025

Notes FIXED ASSETS Investment property 8 CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS	2025 Unrestricted fund £ 928,835 5,888 200,902 206,790 (9,099) 197,691 1,126,526 1,126,526 1,126,526 1,126,526	2024 Total funds £ 928,835 5,085 270,178 275,263 (4,899) 270,364 1,199,199 1,199,199 1,199,199 1,199,199

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. A C Cooke - Trustee

The notes form part of these financial statements

Page 7

THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

The Dezna Robins Jones Charitable Foundation is a charity registered in England and Wales. The charity's registered number and registered office address can be found on the Reference and Administrative Details page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Going Concern

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

• the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Interest on funds held on deposit is included upon notification of the interest paid or payable by the Bank.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.

Rental income is calculated on an accruals basis, excluding value added tax. Where a rent-free period is included in a lease, the rental income forgone is allocated evenly over the period from the date of the lease commencement to the lease end date.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer this is accrued for once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one year or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant are outside of the control of the Trust.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Investment property

The investment property is property owned by the Charity which is held for long-term rental income and for capital appreciation. The Charity has elected to use the fair value model. The investment property is initially recognised at cost and subsequently revalued from time to time to fair value on the basis of the market value. The surplus or deficit on the revaluation is transferred to the investment property revaluation reserve.

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Investment property

Depreciation is not provided in respect of the investment property. The treatment is a departure from the requirement of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the Trustees consider that systematic depreciation would be inappropriate. The accounting policy adopted is therefore necessary to give a true and fair view. Depreciation is only one of many factors reflected in the property valuations and the amount which might otherwise be shown cannot be separately identified or quantified.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Fixed asset investment

Investments are initially recognised at their transaction value and subsequently measured at their market value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Charity does not acquire or use put options, derivatives or other complex financial instruments.

Realised gains and losses

All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Valuation of Investment Property

The Trustees have considered the current valuation held in the financial statements and are satisfied that any difference in this valuation to current market value is not considered materially sufficient to adjust in these financial statements. The latest formal valuation took place on 31 March 2015.

Valuation of Investments

These investments are held at current market value as provided by the fund providers Rowan Dartington & Co.

4.

INVESTMENT INCOME

INVESTMENT INCOME
Rents received Deposit account interest Investment income	2025 £ 38,204 3,363 58 41,625	2024 £ 25,360 6,124 1,041
		32,525

5.

INVESTMENT MANAGEMENT COSTS

Rent collection Property costs Maintenance charges	2025 £ 2,484 460 9,820 12,764	2024 £ 1,967 9,074 -
		11,041

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Amounts of £NIL (2024: £NIL) were reclaimed by AC Cooke for administrative costs and travel expenses incurred.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

8.

INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Raising funds Investment management costs Charitable activities Direct Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD INVESTMENT PROPERTY FAIR VALUE At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024	Unrestricted fund £ 32,525 11,041 11,041 86,681 35 97,757 (65,232) 1,264,431 1,199,199 £ 928,835 928,835 928,835

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS	At 1.4.24 £ 1,199,199 1,199,199 Incoming resources £ 41,625 41,625 At 1.4.23 £ 1,264,431 1,264,431 Incoming resources £ 32,525 32,525	2025 £ 5,888 2025 £ 9,099 Net movement in funds £ (72,673) (72,673) Resources expended £ (114,298) (114,298) Net movement in funds £ (65,232) (65,232) Resources expended £ (97,757) (97,757)	2024 £ 5,085 2024 £ 4,899 At 31.3.25 £ 1,126,526 1,126,526 Movement in funds £ (72,673) (72,673) At 31.3.24 £ 1,199,199 1,199,199 Movement in funds £ (65,232) (65,232)	2024 £ 5,085
				2024 £ 4,899

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.4.23	in funds	31.3.25
	£	£	£
Unrestricted funds
General fund	1,264,431	(137,905)	1,126,526
TOTAL FUNDS	1,264,431	(137,905)	1,126,526

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming Resources Movement resources expended in funds £ £ £ 74,150 (212,055) (137,905) 74,150 (212,055) (137,905)	Incoming Resources Movement resources expended in funds £ £ £ 74,150 (212,055) (137,905) 74,150 (212,055) (137,905)
		(137,905)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

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THE DEZNA ROBINS JONES CHARITABLE FOUNDATION

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS Investment income Rents received Deposit account interest Investment income Total incoming resources EXPENDITURE Investment management costs Rent collection Property costs Maintenance charges Charitable activities Rates and water Insurance Sundries Admin Costs Donations Other Loss on sale of tangible fixed assets Support costs Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net expenditure	2025 £ 38,204 3,363 58 41,625 41,625 2,484 460 9,820 12,764 8,028 1,675 386 4,090 79,155 93,334 - - 8,200 114,298 (72,673)	2024 £ 25,360 6,124 1,041 32,525 32,525 1,967 9,074 - 11,041 - - 496 - 77,960 78,456 35 25 8,200 97,757 (65,232)

This page does not form part of the statutory financial statements

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