2024-04-05-accounts - John Jacob Astor Charitable Trust

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The John Jacob Astor Charitable Trust (RCN: 1108789)

Trustees’ Annual Report from 6 April 2023 to 5 April 2024

Charity Name: John Jacob Astor Charitable Trust (otherwise known as the JJ Astor Charitable Trust)

Registered Charity number: 1108789

Charity’s principal address: Clarke Willmott LLP Blackbrook Gate, Blackbrook Park Avenue, Taunton Somerset TA1 2PG

Name of Charity Trustees: Dr Nicola Louise de Savary of Park Farmhouse, Ledwell Road, Chipping Norton, Oxfordshire OX7 7AH

Mrs Lisa Marie Doyne of Copyhold Farmhouse, Crabtree Lane, Curridge, Berkshire RG18 9DR

Mr Adrian MacMahon Humphreys of Newtons, Churchstanton, Taunton, Somerset TA3 7QF

Solicitors for Trustees: Clarke Willmott LLP Blackbrook Gate, Blackbrook Park Avenue, Taunton Somerset TA1 2PG
Bankers for the Trustees: Barclays Bank Plc East Street Bridport Dorset DT6 3LQ
Stockbrokers for the Trustees: JM Finn and Co 4 Coleman Street London EC2R 5TA

113138726-1

Structure, governance and management

The Trust was constituted by a Declaration of Trust dated 25 November 2004.

Objectives and activities

The promotion of medical research on terms that the results of such research are published, including (but not restricted to):

Research in the field of biophysics; 2. Research into the causes and treatment of neurological diseases; and
The study of electro-magnetic fields in living things and the use of such fields in the treatment of disease.

Achievements and performance

It is noted that the Trustees continued to support projects via the University of Surrey.

The most recent donation to a project was used by the University for a PhD studentship dedicated to investigating the electromagnetic sensitivity of neurons and neuronal ion channels within the Quantum Doctoral Training Centre.

This donation was made over 3 years with 3 equal payments of £25,000 each. The final payment in this regard was made in April 2021.

There was a request for a further contribution to this project which was agreed and the further amount of £8,785.50 which was paid in November 2023.

The Trustees also entered into a further agreement with the University of Surrey which was used by the University towards a research project that looked into the study of the communication pathways between heart cells. The next donation for this project was provided in November 2023 to the sum of £16,000.

A further separate project to those supported above is a donation for PhD studentship dedicated to examining the potential for using electromagnetic fields to modulate Purkinje cell activity to treat Parkinson’s Disease. The provision to this project was for the sum of £32,464 and was made from the Trust in November 2023.

Two further sums for the amount of £35,164.30 and £34,581 were made in favour of further research projects via the University of Surrey in February 2024.

The total donations therefore made to various research projects throughout the period was £126,994 .80.

Reserves

The charity has been endowed and obtains all of its income from the investment of that endowment. The Trustees have so far made no long term commitments that are likely to exceed their investment income. Even if they choose to do so in the future, that is likely to be conscious decision to commit capital resources to a particular project even if that meant that over time the charity’s resources were entirely spent. Accordingly, the Trustees do not consider it currently necessary to maintain any particular cash sum as reserves.

1131387 26-1

Declaration

The Trustees declare that they have approved the Trustees’ report above.

Signed on behalf of the charity’s Trustees

Full Name: Adrian MacMahon Humphreys

Capacity: Trustee

113138726-1

THE JOHN JACOB ASTOR CHARITABLE TRUST

ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024

P3856/418038.1 Clarke Willmott LLP Blackbrook Gate Blackbrook Park Avenue Taunton TA1 2PG

THE JOHN JACOB ASTOR CHARITABLE TRUST

ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024

BALANCE SHEET

Investments at cost Market Value 2024: 833,012.72 Market Value 2023 819,173.72 CC Japan income & Growth Trust plc - Lapsed rights pending Cash Held Barclays Trust Account 3,626.39 JM Finn account 11,741.99 Clarke Willmott - Capital Account Income Account	Investments at cost Market Value 2024: 833,012.72 Market Value 2023 819,173.72 CC Japan income & Growth Trust plc - Lapsed rights pending Cash Held Barclays Trust Account 3,626.39 JM Finn account 11,741.99 Clarke Willmott - Capital Account Income Account	2024 £ 748,431.98 - 32,421.19 29,903.67 - 15,368.38 763,800.36 763,800.36 656,124.94 107,675.42 763,800.36 -	2024 £ 748,431.98 - 32,421.19 29,903.67 - 15,368.38 763,800.36 763,800.36 656,124.94 107,675.42 763,800.36 -	2023 796,407.45 536.50 62,324.86

		763,800.36		859,268.81
		763,800.36		859,268.81
		656,124.94 107,675.42		651,097.54 208,171.27
		763,800.36		859,268.81
		-		-

THE JOHN JACOB ASTOR CHARITABLE TRUST

ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024

CAPITAL ACCOUNT

Opening Balance Lapsed rights Gain/loss on sale of investments Expenses: JM Finn management fees Clarke Willmott Fees Closing Balance	5,091.65 1,800.00	2024 £ 651,097.54 (536.50) 12,455.55 663,016.59 5,303.39 1,500.00 6,891.65 656,124.94	2024 £ 651,097.54 (536.50) 12,455.55 663,016.59 5,303.39 1,500.00 6,891.65 656,124.94	2023 654,674.02 - 3,226.91
		663,016.59 6,891.65		657,900.93 6,803.39

		656,124.94		651,097.54

THE JOHN JACOB ASTOR CHARITABLE TRUST

ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024

INCOME ACCOUNT

Opening Balance Investment income UK Interest received UK Dividends Overseas Income UK Property Income Distribution Total Divs and Interest on investments Expenditure Payment/donation Closing Balance	7,796.86 13,979.45 4,125.64 597.00	2024 £ 208,171.27 4,761.09 13,416.22 3,982.57 3,137.01 26,498.95 234,670.22 126,994.80 107,675.42	2023 182,874.38 25,296.89

			208,171.27
			208,171.27

THE JOHN JACOB ASTOR CHARITABLE TRUST

ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024

INVESTMENT SCHEDULE

As at 5 April 2023 No. 3i Group Ordinary 2,100.0000 Aberdeen Fund managers Gross Inc 25,743.9890 Aegon Management Invest Grade Bond 18,700.0000 BB Healthcare Trust Plc 17,877.0000 Bankers I/T Ord 0.025 26,000.0000 CC Japan Inc & Growth 25,000.0000 Edgewood L Select US Growth I A Acc 88.0000 Civitas Social Housing Plc 20,000.0000 Ecofin Global Utilities 16,800.0000 Ecofin US Renewables Plc Ord USD0.01 26,000.0000 Fidelity Ord 0.05 12,100.0000 Fidelity European Trust 6,700.0000 First Global Lst B Inc 9,200.0000 GAM Star Fund Disruptive 290.0000 GCP Infrastructure Ord 0.01p 18,256.0000 GCP Asset Backed Income Fund 24,932.0000 Henderson Global Investors Strat 18,572.7700 Home REIT Plc Ord 20,000.0000 Impax Environment Market 6,100.0000 Jupiter Fund Managers Ltd 5,000.0000 L&G ETFS ISE Cyber Sec 820.0000 Life Science REIT Plc 14,600.0000 Loomis Sayles US Equity 5,300.0000 LXI REIT Plc Ord GBP 0.01 6,400.0000 Marlborough Fund Managers P Inc 20,783.4150 Mercantile Investment Trust 15,900.0000 Monks Investment Trust 2,700.0000 Ninety One Global Environment K 9,500.0000 Pacific North of South EM Cap I 1,120.0000 Pantheon Infrastructure Plc 14,000.0000 Polar Capital Technology Trust 1,300.0000 Polar Capital Global Financials 18,825.0000 Scottish Mortgage Investment 4,000.0000 Schroder Strategic Credit L Inc 25,000.0000 Schroder Oriential Income 9,000.0000 SDCL Eneregy Ord 0.01 15,000.0000 Smithson Investment Trust 1,650.0000 SVS Church House Inv Grade Fixed Int 12,600.0000 Twentyfour dynamic Gross I 175.0000 Urban Logistics REIT Ord 5,980.0000 United Kingdom Treasury 4.25% 07/12/2027 - United Kingdom Treasury 5% 07/03/2025 - Vanguard Funds Plc S&P 500 ETF INC NAV - Polar Capital Global Healthcare Trust Plc Ord GBP0.25 - Bal	ACC Eq £ £ £ No. 20,036.33 24,482.41 24,569.04 24,504.28 24,659.33 24,768.50 24,761.56 20,170.00 24,974.90 19,270.32 15,660.34 19,804.58 15,079.12 19,729.85 20,187.65 25,280.00 24,759.91 20,170.00 19,788.84 20,107.12 180.16 14,926.71 15,031.25 25,196.49 6,865.95 23,668.24 20,236.70 24,839.83 14,996.37 108.02 11,751.02 450.0000 14,850.96 19,577.05 30,220.00 9,833.04 23,866.95 24,890.48 17,333.25 24,487.98 14,366.27 9,000.0000 19,689.80 7,015.03 - (2.85) 24,500.0000 - (414.02) 29,300.0000 - 215.0000 - 5,150.0000 796,407.45 288.18 (416.87) ance Addi	G/L MV Cost £ No. £ £ No. £ £ 1,000.0000 19,756.39 10,215.00 780.0000 7,441.02 21,918.00 9,541.11 320.0000 7,196.92 4,143.00 3,053.16 25,743.9890 24,482.41 23,962.51 18,700.0000 24,569.04 20,785.05 17,877.0000 24,504.28 26,386.45 26,000.0000 24,659.33 28,704.00 8,400.0000 14,949.20 6,626.00 16,600.0000 16,445.30 32,702.00 8,322.22 13.0000 5,176.25 1,518.00 53.0000 14,912.53 26,294.44 3,657.96 22.0000 10,606.78 4,416.00 6,190.39 20,000.0000 16,000.00 (4,170.00) 0.0000 - - 20,170.00 16,800.0000 24,974.90 27,384.00 26,000.0000 19,270.32 10,400.00 12,100.0000 15,660.34 34,727.00 6,700.0000 19,804.58 26,063.00 9,200.0000 15,079.12 20,248.28 290.0000 19,729.85 18,292.59 18,256.0000 20,187.65 13,016.53 24,932.0000 15,989.39 (9,290.61) 0.0000 - - 25,280.00 18,572.7700 24,759.91 20,652.92 20,000.0000 20,170.00 7,610.00 2,700.0000 10,075.61 1,316.00 3,400.0000 11,029.23 13,464.00 8,758.99 5,000.0000 11,435.86 (8,851.42) 0.0000 - - 20,107.12 820.0000 14,926.71 15,776.80 14,600.0000 15,031.25 5,621.00 5,300.0000 25,196.49 31,308.16 6,400.0000 6,556.83 (309.12) 0.0000 (0.00) - 6,865.95 20,783.4150 23,668.24 27,492.30 15,900.0000 20,236.70 35,298.00 2,700.0000 26,606.42 1,766.59 0.0000 0.00 - 24,839.83 9,500.0000 15,104.39 14,686.05 4,909.74 1,570.0000 16,660.76 18,606.07 14,000.0000 14,850.96 10,864.00 375.0000 10,285.44 4,638.00 925.0000 13,929.61 27,703.75 5,647.23 18,825.0000 30,220.00 30,684.75 4,000.0000 9,833.04 34,304.00 25,000.0000 23,866.95 22,205.00 9,000.0000 24,890.48 23,310.00 15,000.0000 17,333.25 8,850.00 1,650.0000 24,487.98 23,331.00 9,753.04 21,600.0000 24,119.31 23,716.80 175.0000 19,689.79 16,755.14 5,980.0000 7,453.14 438.11 0.0000 (0.00) - 7,015.03 24,741.74 24,500.0000 24,738.89 24,705.80 30,009.25 29,300.0000 29,595.23 29,358.60 14,546.99 215.0000 14,546.99 16,769.73 17,825.15 5,150.0000 17,825.15 19,055.00 101,785.91 162,088.23 12,455.55 474,886.17 748,431.98 833,012.72 149,448.98 tions Disposals Balance	G/L MV Cost £ No. £ £ No. £ £ 1,000.0000 19,756.39 10,215.00 780.0000 7,441.02 21,918.00 9,541.11 320.0000 7,196.92 4,143.00 3,053.16 25,743.9890 24,482.41 23,962.51 18,700.0000 24,569.04 20,785.05 17,877.0000 24,504.28 26,386.45 26,000.0000 24,659.33 28,704.00 8,400.0000 14,949.20 6,626.00 16,600.0000 16,445.30 32,702.00 8,322.22 13.0000 5,176.25 1,518.00 53.0000 14,912.53 26,294.44 3,657.96 22.0000 10,606.78 4,416.00 6,190.39 20,000.0000 16,000.00 (4,170.00) 0.0000 - - 20,170.00 16,800.0000 24,974.90 27,384.00 26,000.0000 19,270.32 10,400.00 12,100.0000 15,660.34 34,727.00 6,700.0000 19,804.58 26,063.00 9,200.0000 15,079.12 20,248.28 290.0000 19,729.85 18,292.59 18,256.0000 20,187.65 13,016.53 24,932.0000 15,989.39 (9,290.61) 0.0000 - - 25,280.00 18,572.7700 24,759.91 20,652.92 20,000.0000 20,170.00 7,610.00 2,700.0000 10,075.61 1,316.00 3,400.0000 11,029.23 13,464.00 8,758.99 5,000.0000 11,435.86 (8,851.42) 0.0000 - - 20,107.12 820.0000 14,926.71 15,776.80 14,600.0000 15,031.25 5,621.00 5,300.0000 25,196.49 31,308.16 6,400.0000 6,556.83 (309.12) 0.0000 (0.00) - 6,865.95 20,783.4150 23,668.24 27,492.30 15,900.0000 20,236.70 35,298.00 2,700.0000 26,606.42 1,766.59 0.0000 0.00 - 24,839.83 9,500.0000 15,104.39 14,686.05 4,909.74 1,570.0000 16,660.76 18,606.07 14,000.0000 14,850.96 10,864.00 375.0000 10,285.44 4,638.00 925.0000 13,929.61 27,703.75 5,647.23 18,825.0000 30,220.00 30,684.75 4,000.0000 9,833.04 34,304.00 25,000.0000 23,866.95 22,205.00 9,000.0000 24,890.48 23,310.00 15,000.0000 17,333.25 8,850.00 1,650.0000 24,487.98 23,331.00 9,753.04 21,600.0000 24,119.31 23,716.80 175.0000 19,689.79 16,755.14 5,980.0000 7,453.14 438.11 0.0000 (0.00) - 7,015.03 24,741.74 24,500.0000 24,738.89 24,705.80 30,009.25 29,300.0000 29,595.23 29,358.60 14,546.99 215.0000 14,546.99 16,769.73 17,825.15 5,150.0000 17,825.15 19,055.00 101,785.91 162,088.23 12,455.55 474,886.17 748,431.98 833,012.72 149,448.98 tions Disposals Balance
			162,088.23 12,455.55 474,886.17 748,431.98 833,012.72 149,448.98

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The John Jacob Astor Charitable Trust (RCN: 1108789)

Independent examiner’s report on the accounts for the year to 5 April 2024

The charity’s Trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (‘the Act’)) and that an independent examination is needed. It is my responsibility:

e Toexamine the accounts (under section 43 of the Act); e To follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7}(b) of the Act); and

; -

e To state whether particular matters have come to my attention.

My examination was carried out in accordance with General Discretions given by the Charity Commissioners. An explanation includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures of the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the accounts.

In the course of my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that proper accounting records are kept (in accordance with section 41 of the Act) and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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