## 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): 1. Research in the field of biophysics; 2. Research into the causes and treatment of neurological diseases; and 3. 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| | | | | | | | ## 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: 1. 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 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **----- Start of picture text -----**
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Date: ... 20... Dece.orees... 282.
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