J P MOULTON
IARITABLE
FOUNDATION
10 Buckinghihi Sl>¢et
L(￿[£￿7Wc2N 6DF
jon@>pmfO￿h&l￿n.Cts.thk
helen@Ipmfi>undation.L¥Kuk
(b¥AY￿ 11098YI
Charity Commission No. 1109891
Annual Report 2024- 2025
th
Covering the year from 25 September 2025 to 10th September 2025
Item
Page
AGM Agenda
Trustee Committee Members
Reports:
Chair
The Trustees, Annual Report and Accounts are available for inspection at the AGM.
th
Wednesday 10 September 2025
AGM Agenda and Presentation of Report and Accounts
l. Introduction and Welcome
2. Apologies for Absence
3. Governance Topics
4. Risks and Risk Mitigation
5. Review of the previous year
6. Making Appointments
7. Close

Trustees and Members
Chairman
Jon Moulton
Secretarv
Helen Critchley
Trustees
J P Moulton
S J Moulton
H P Critchley
Other Supporting Roles
Independent Examiner:
Amicus Accountancy Limited
Chartered Certif led Accountants
The Stables
Goblands Farm Business Centre
Cemetery Lane
Hadlow
Kent
TNII OLT
J P Moulton Charitable Foundation
Annual Report and Accounts 2024 - 2025

Reports
Chair's Report
The Foundation continues to meet its aims and objectives to fund non-
commercial clinical trials with the aim to make clinical advances and promote
the relief of suffering.
Since the last AGM, no new funding awards have been approved.
4 trials have completed recruitment and presentation meetings of the results
are to be arranged when full data analysis has been completed.
There are currently 5 active trials.
Treasurer's Report
st
The accounts cover the year to 31 December 2024 and have been subject to
independent review.
st
The accounts were approved by Jon Moulton on I September 2025.
St
The accounts made up to 31 December 2024 were submitted to Companies
House on time.
st
The Charity Commission annual return for 2024 is due by 31 October 2024 and
will be filed within the required reporting timelines.
Future Companies House Filing:
st
th
Next accounts made up to 31 December 2025 due by 30 September 2026
th
th
Next statement date 13 December 2025 due by 27 December 2025
Future Charity Commission Filing:
st
Annual Return due by 31 October 2026
Accounts and Trustees Annual Report {TAR) due by 31 October 2026
st
There are enough funds available to cover the Charities current commitments.
J P Moulton Charitable Foundation
Annual Report and Accounts 2024- 2025

REGISTERED COMPANY NUMBER.- 05311748 {England and Wales}
REGISTERED CHARITY NUMBER: 1109891
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
J P MOULTON CHARITABLE FOUNDATION
(A COMPANY LIMITED B Y GUARANTEE)

J P MOULTON CHARITABLE FOUNDATION
{A COMPANY LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Refeien¢e and Admlnislralive Details
Report of the Trustees
2to4
Independent Examinerfs Report
Slalemenl of Financi81 Activllies
8alance Sheel
Cash Flow Slalemenl
Nol85 lo the Cash Flow Statement
Noles lo Ihe Fin8nci81 Slalemenls
101014
Delalled S18t8menl of Financial Aclivilies
15

J P MOULTON CHARITABLE FOUNDATION
{A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
YRUSTEE5
J P Moulton
S J Moulton
Dr H Crilchley
COMPANY SECRETARY
Lk H Critchley
REGISTERED OFFICE
10 BuCkIn￿18M Streel
London
WC2N 60F
REGISTERED COMPANY NUMBER
05311748 (England and Wales)
REGISTERED CHARITY NUMBER
1109891
INDEPENDENT EXAMINER
AmiGu$ Accounlary Lld
Ch8rtered Certif18d AccountAnls
The Slab18S
C￿landS Fam) Bus1r￿S Centre
Cemetery Lane
Hadl(Iw
Kenl
TN11 OLT
BANKERS
Coulls & Co
440 Slrond
London
WC2R OQS
CHIEF EXECUTIVE OFFICER
J P Moulton
Page 1

J P MOULTON CHARITABLE FOUNDATION
{A COMPANY LIMITED BY GUARANTEEI
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees. who are also direclors of the charity for the purposes of the Companies A¢1 2006, present their report with
the financial slalemenls of the charily for Ihe year ended 31 December 2024. The Irustees have adopted the provisions of
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their
accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic ol Ireland {FRS 102)
IissLted in Oclober 20191-
OBJECTIVES AND ACTIVITIES
Purposès and actlvltiés
The purposés of the charity are..
lo fund non-commercial clinical Irials with Ihe aim lo make dinical advancas and promote fhe relief of suffering.
lo provide charitable donations for Community seThice kvojecls of any kind lo promote education, training and counselling
of disadvantaged persons.,
- lo provide donations lo hospitals. medical and car8 projects of any kind lo assist with the general welfare of p81ients.
The vision that shapes our annual activities remains Ihè advancement of medical knowledge by the provision of funds lo
inslilulions carrying out dinical trials in order to improve th8 quality of life of sufferers. The eharily also has a genèral aim
ol conlribuling to projects lo fiJrth8r the social and educational welfare of communilies.
The Trustees award grants on the perceived merits of applications which are made tc the charita1￿8 foundation in writing.
In shaplng our oblecllves for the year and planning our funding acllvilles. Ihe Trusl8es have considered the Charity
Commission's guidance on public benefil, including the 9uidance 'Publlc Benefil.. running a charity IPB21'.
We endeavour lo fvlfil these responsibilities. as wr donalicns are localty lor Ihe benefit of Gommunilies and our dinical
trials funding is for the general populalion.
The slralegies employed to achieve the charity's aims and objectlves are to..
advertise to encourage inslilulions and community projects lo apply for available funding.,
monitor the ongoing clinical trials lo ensure Ihal mlleslon6s are being mel, lo ensure Ihal the funding is directed lo tha
most worthy trials.
ACHIEVEMENT AND PERFORMANCE
Charllable actlvlties
Since Ils inception the charity has funded over 100 clinical trials which have been selected based on high quality science
and the potential lo have a direct patient benefit. The trials have been conducled in a wde range of therapy areas and
range from first in human lo new uses for li￿nCed drugs. During Ihe past 12 months several of the trials have completed
and presented their ie8ulls lo Ihe Trustees and we have funded a new trial looking al deep brain stimulation in palienls
with Parkinson's disease. In addition. we have donated lo other medical charities lo help them fund vilal dinical resaarch.
The charity has supported ground-breaking research in diseases Ihal struggle lo obtain funding from other lunders as they
do not lulfil their funding crileria e.g. head and neck ¢ancer and vaccine supply. We have previously also entered into joint
venlur8s wilh other medical ch8ri1ies lo help support larger trials.
Due lo the increasing adminisl¥alive burden laced by researd)ers conducting non-commercial clinical research, predicted
timelines for some trials do slip. However. regular reporting of perfonmance helps lo ensure that milestones are met. The
Trustees are able lo prowde guidance and support to projecls that slruggle lo achieve the anlicip21ed project timelines.
Approximately 30Yo of applications receive full or partial lunding and the charity has provided over £22 million in funding
lo dale.
The income and expenditure for the year are sel out in the statement of finanual activities.
The nel movement in funds for the year was a deficit of £590.044 12023= £85,586), resullirvJ in a fund surplus Garried
forward of £637.897 (2023: £1,227.941).
The foundation continued lo provide grants for medical research projects lotalling £179,653 {2023.' £192.0241. Grants are
generally made in inslalmenls and the Trustees review ihe ongoing perfom)ance of these research projects to ensure that
these are operating within expectations prior lo any further grants being released.
Page 2

J P MOULTON CHARITABLE FOUNDATION
{A COMPANY LIMrrED BY GUARANTEEI
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Financlal positlon
Al the balance sheet dale, the charity's reserves were in surplus by £637,89712023.. £1,227.941). These are unrestricled
reserves and available for the gener81 purposes of the charity. At the year end there are grant commilmanls of £906.249
(2023.. £1,089.7611- These commitments span future accounbng periods and are detailed al note 14 to the financial
slalements.
Prlncipal funding sources
The charity's principal funding source of income are donalions from Mr J P Moulton. Mr S J Moullon (Trusleesl and other
high nel worth individuals.
The financial support of th6 Trustees continues lo be essential in mainlaining and protecting ils current funding
commitments lo ensure Ihal the charily operates as a going concem. Mr J P Moullon ha5 indicated that he is willlng lo
continue donating funds for the foreseeable luture so Ihal the Foundation may meets its financial commilmanls.
Reservès polley and goin9 concern
ReseNes are needed lo bridge Ihe gap between the spending and receivi￿ of income and io cover any oveiheads.
The Tnfslees have reviewed the risks asswaled wilh receiving enough future income to cover its funding commitments
and have concluded that there ar8 enough high net worth individuals supporting the charily for it to be able lo continue in
operallon until its obligations are fulfilled.
Pay policy for trustees
All Trustees give their lime freely.
FUTURE PLANS
The charity will continue to fund its exisling financial commilmenls. However, a new charity has been established in
Gu8rn$ey, The Jon Moullon Charity Trusl. Calls for future (unding will b8 via Ihat charity which will likewi88 fund Ihos8
successful grant appllcallons.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is regislerod as a charitable company limiled by guarantee and was sel up by the Memorandum of
Association on 10 December 2004.
The company is consllluled under a Memorandum of Association daled 10 December 2004 and is 8 regis18red charity
number 1109891.
The principal 8nd regislered office together with the person5 vtho seNed as Trustees during the year and their relevanl
posilion on the Board and any office held are listed under'Reference and Adminislralive delails,.
Racrultmant and appointment of new Trustees
The management of the company is the responsibility of the Truslees who are elected and co-opted under Ihe lem)s of
the Articles of Asso¢iallon.
Induction and tralnlng of new Trustees
The ch8rilable foundation is relying upon Ihe guidance issued by ihe Charities Coynmission in relation lo Induction and
training of Truslees.
Indlviduals wishing lo become Iruslees apply by written aptAicalion and are app)inled by a resolution of the members if
Ihoy are considered to be suitable for ihe vacancy that exists.
Management of the charily
The day-lo-day management of the charity resls wilh Ihe Twslees.
PUBLIC BENEFIT
When considering the charitable companvs aclivilies, the Truslees have complied wilh Iheir duly undef s17151 of the
Charities Act 201110 have due regard lo the Charity Commission's general guidance on public benefit.
Page 3

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
J P MOULTON CHARITABLE FOUNDATION
(A COMPANY LIMITED BY GUARANTEEI
FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees {who are also the directors of J P Moullon Charifable Foundation IA company limited by guarantee) for the
purposes of company law) are responsible for preparing the Reporl of the Trustees and the fin8ncial slalemenls in
accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted
Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applic8ble in Ihe UK
and Repltblic of Ireland..
Company law requlres the Iruslees lo prepare fin8ncial slal&menls for each financial year which give a true and fair view
of the slate of affairs of Ihe charitable company and ol the incoming resources 8nd application of resources, including the
income and expenditure, of the charitable company foT Ihal period. In preparing those financial slalemenls. Ihe trustee$
are requireLS to..
select suitable accounting policies and then apply Iham consistently.,
obseNe the meihods and principles in Ihe Charity SORP-.
make judgements and eslimales thal are reasonable and prudenl;
prepare Ihg financial slaleTnenls on the going concem basis unless il is inappropriaie to presume that the charitable
company will continue in business.
The Iruslees are responsible for keeping proper accounting records which disclose wlh reasonable accuracy al any Lime
the financlal posltlon of the charliable company and to enable Ihem to ensure Ihat Ihe financial slalemenls comply with the
Companies Act 2006. They are also ￿sponsible for safeguarding the assels of Ihe charitable company 8nd hence for
taking reasonable sleps for the prevenllon and detection of fraud arml olh8r Irregularities.
Approve
by
rder of Ib
oard of Iru51ees on
- fitty4eÉo025 and signed ils behalf by..
S J fvloull
- Trustee
Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
J P MOULTON CHARITABLE FOUNDATION
{A GOMPANY LIMITED BY GUARANTEE)
FOR THE YEAR ENDED 31 DECEMBER 2024
I reTth lo lh8 charity tnjstees on my 8x8rninalth ofil* 8ox)unts dlhe ccthpany f￿ Ihè year ended 31 00￿Mber2024, wfikh
are sel oul on pa￿5 81014.
RESPONSIBILITIES AND BASIS OF REPORT
As Ihe challty tnJsie&s otlh8 CA)mpAny laThl also its directws lorlho Of(￿}￿ bwl ￿)U are respwlJe forth
prepar311￿ ol the ac£o￿ts In aCcordar￿ with ro4inremenls of Ihe (Xynpw¥86 Acl 2￿)6 ¢the 2{￿ Act,).
Having salisfied my5dllhat the a(rounlsoflh6 cory)any aré rnxrequlred lo be a￿lIted LndèrPart 16 of th8 2006 Acl and are
eliglble lorlndependenl examinaikn. I retK>rt In respect ol myÈXan¥naIk￿ ofyour¢xvnp8rys acc￿￿$ as c8thed thjt und
8eclion 145of Ihe Chari￿&S Aet 2011 {'tre 2011 Act'l. In out myexamln81kn1 have foll0v￿d the Dlrectkn$ ￿Van ty
the Chadty Crnis£(on under$a(Jkn 145(51(b)of the 2a11
INDEPENDENT EXAMINER'S STATEMENT
I have comploled niy 8x￿InatIOn. I rthfirm thal no maliers have to my 8#enikn kn ￿￿ed10nw1h Ihe examinaiion
vhg me c4use to balievè Ihat In ary maw￿1 r88ped:
accA)untiry rnix>rds wore nol kept kn respectoflh8 0)mpary as ty sectlon 386of Ihe 2Crf)6 ALI., or
tha acLounL8 do nol aecord vAlh Ih088 rec<>rds'. LY
10 8ce£)un18 do nol cnmply Ihe atTAK*Jng r8qu11￿erts clwtbn 396 oflh8 2(Kk8 kl olh8rlhan any rffjuhymenl
th81 Ihe Bccoun15 oive g'lnje 8nd whlch 1$ nol 8 m8rf9rconsltl8r&J as parl ofan indep8ndent examlnatk)n', or
the aG¢ounls hove nol boen wepared wi acc(Kd￿j¢e wlh tlk8 m8lhuls and prlndtts of Ihe Slalemenl of R8oirM)endad
Placllee lor aC￿UnI1ng and ￿pOilt￿ bYCh￿Ille5 apfvble to ch8riU6s rxap8ring Iheli acc4xJnts In aC￿rd8ncE wlh Ihe
Financlal Rep)rlrtg St8ndArd apF*ai4e kn Lho UK ond RopuNcof Ireland IFRS 102).
I have no c￿ncer￿s and havg (xirne 8¢ro89 rK) oiher m8ttor5 In conn&Yion Mfjlh the wmlnaion to 8ttenlion thould be
drnwn In thls repori h order lo *n8ble 8 proper uNlwstsrMlhg of acc4ymts lo b& ma(*￿1.
FRnce5 Swe¥ling FCCA
Assouallon ol Chartered C8rflflèd Ac￿￿n￿ts
Amiojs Acw18ncy LFINted
The Slabl8s
Gob18nds Fatm 8u8lness Centr8
Cemetery Lone
Hddtow
KenlTN11 OLT
Da￿..
Page 5

J P MOULTON CHARITABLE FOUNDATION
{A COWIPANY LIMITED BY GUARANTEEI
STATEMENT OF FINANCIAL ACTIVITIES
{INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestrlcled
fund
2023
Unrestrl¢tod
fiind
Notes
INCOME AND ENDOWMENTS FROM
Donallons and lègados
Investment income
78.125
97,625
19.385
16,523
Total
97,510
114.148
EXPENDITURE ON
Charltable actlvltl88
Granls payable
Don8llon8 P8ld
187,554
500,000
Total
687,554
199,734
NET EXPENDITURE
{590,0441
185,6861
RECONCILIATION OF FUNDS
Total funds brought fomard
TOTAL FUNDS CARRIED FORWARD
1.227.941
1,313,527
637,897
1,227.941
CONTINUING OPERATIONS
All Income 8nd exp8ndllure h8s Èr189n fTOm conltnulng 8cUvlllo8.
Thè notes form parl of these finaniial stalemenls
Pag6 6

J P MOULTON CHARITABLE FOUNDATION
{A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AT 31 DECEMBER 2024
2024
Unrestrictèd
fund
2023
Unrestrlcted
fund
Notes
CURRENT ASSETS
Deblors
Cash al bank
11
19,525
1,214,584
644,022
644,022
1.234,109
CREDITORS
Amounls falling due within one year
12
{6,125)
{6,1681
NET CURRENT ASSETS
637,897
1,227,941
TOTAL ASSETS LESS CURRENT LIABILITIES
637,897
1,227,941
NET ASSETS
637,897
1,227,941
FUNOS
Unreslricled funds..
General fund
13
637.897
1,227.941
TOTAL FUNDS
637.897
1,227,941
The charitable company is enliiled lo exemption from audil under Section 477 of the Companies Act 2006 foi the year
ended 31 December 2024.
The members have nol deposiled nolice, pursuanl lo Sectk)n 476 of the Companies Act 2006 requlring an audil of thes8
flnanclal slatemenls.
The Iruslees acknowledge Iheir responsibilities for
lal
ensuring th81 the charitable company keeps ac¢c￿ntIng recnrds that comply wilh Sections 386 and 387 of Ihe
Companies Act 2006 8nd
preparing financial slalemenls which give a true and fair view of the stale of affairs of the charitable company as
al the end of each financial year and of ils surplus or deficit for each financial year in acconlance with the
requlremènls of Sections 394 and 395 and which olhetwise comply with the requirements of the Companies Act
2006 relaling lo financial slalemenls. so far a5 applicable lo the chantablo company.
{bl
These financial slalemenls heve->een prepared in accordance with Ihe special provisions of Part 15 of the Compani95 Act
2a06 relating lo charitable sm
companies.
pprov8d by the Board of Trustees on 3. ￿P￿-￿E£ rL 2025 and were signed on ils
The financial slalements,w
behalf by..
Ilon -Twsl
The notes form part of Ihese financial statements
Page 7

J P NIOULTON CHARITABLE FOUNDATION
IA COMPANY LIMrrED BY GUARANTEE)
CASH FLOW STATEMENT
FOR THE YÉAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash flows from operating activities:
Cash generated fromllused inl operations
589.947
34,084
Cash flows from Invesling activities:
Interest recelved
19.385
16,523
Net cash provlded by investing activities
19.385
16.523
Change In cash and cash equlvalents In the reportln9 period
{570,562)
50.607
Cash and ¢a$h equlvalents at the beginning of the reporting
perlod
1 214 584
1,163,977
Cash and cash equivalents at the end of the rèporting perlod
644,022
1,214,584
The notes fonn part of these financial slatemenls
Page 8

J P MOULTON CHARITABLE FOUNDATION
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net expenditure for the reportlng period las per the
statement of financial activilie$l
{590,044)
185,586)
Adjustments for:
Interest received
Decrease in deblors
Oecr8ase in creditors
119,385)
19,525
43
116,5231
137,025
832
Net cash used In operatlng actlvltl8S
589 947
34,084
Page g

J P MOULTON CHARITABLE FOUNDATION
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
GENERAL INFORMATION
J P Moullon Charitable Foundation is a company limiled by guarantee and has no share capital. It is incorporated
in England and Wales and ils rngislored off￿e is 10 Buckingham Sireel. London, WC2N 6DF.
The principal activity of the company is disdosed in the Report of Ihe TnJsl8es.
The members of the charitable ccwnpany are the Trustees nam8d ￿ page 1. In the event of Ihe charitable
company being wound up, Ihe liabilily in respect of the guarantee is limiled lo £10 per member.
ACCOUNTING POLICIES
Basls of preparlng the flnanclal statemenls and assessment of going concern
The financial slalements of the charilable company. which is a public benefit entily under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Slalemenl of
Recommended Practice applicable lo ch8riiies preparing Iheir accounts in accordance with the Financial Reporting
Slandard applicable in the UK and Republic ol Ireland (FRS 1021 (issued in October 20191,, Financial Reporting
Slandard 102 'The Financial Reporting Standard applicable in the UK 8nd Republic of Ire18nd' and Ihe Companies
Act 2006. The financial slalemenls have been prepared under the historical cosl convenllon.
The financial statements are prepared in slerling. vthich 15 the functional currency of the enlily, and rounded lo the
ne8resl £1.
The Truslees believe it appropriale lo adopl lh& going concern basis of accounllng In preparing the annual financial
slalemenls and consider that Ihere are no malerfal uncertainties aboul ils ablllly lo conllnue.
A p8rsonal commilmenl has been given by J P Moullon {Truslee) lo continue his financial suppoil of the charitable
company for Ihe foreseeable fulure, in particular so Ihal It may lulfil ils financial comrnilmenls.
Th8 Trusle8s consider Ihal there are no key assumptions or estimates Ilial need separate di￿l03ure.
The charity conslilules a public benefil enlily as defined in FRS102.
Income
All income is recognised in the Slalemenl of Financial Activities once the charity has enllllemenl lo the funds, il Is
probable that the income will be received and the amount can be measured reliably.
Donations and gifts are brought inlo accounl when received. Oonaled serV￿S are Included al the value lo the
chadly where Ihis can be ouanlified.
Interest receivable is recognised on an accruals basis.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation commllling the charity
lo that expenditure, il 15 probable that a transfer of economic benefits will be required in selllemenl and Ihe amount
of the obligation can be Ineasured reliably. Expenditure is accounled for on an accruals basis and has boon
classified under headings that aggregate all cost relaled lo the calegory. Where costs cannot be directly allribuled
lo particular headings. they have been allocated to aclivilie5 on a basis consislenl with Ihe use of resources.
Grants payable are charged in the year when ihe offer is made excepl in those cases where the offer Is conditional,
such granls being recognised as expendiiure when the condilions allaching are fulfilled. Grants offered subject to
conditions which have nol been met al the year end are noled as a commilmenl, bul not accrued a5 expendilure.
Where milestones are not rnel, on occasions. grants payable are refurKled lo the charity. These are recognised
when il is certain that the funds are lo be returned and are shown as ci'edils within 'granls payable..
Charitablè activlties
Cos18 of charitable activities comprise grants payable to insiilutions, donations, professional fees Incurred in
ascertaining whether mileslones have been mel, allocated support costs and govemance costs.
Page 10

J P MOULTON CHARITABLE FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Allocation of support and governance costs
Support costs have been allocated belween govemance costs and olher support costs. Governance comprises all
costs Invol￿ng tha public accounlabilily of Ihe charity and its compliance with regulalion and good practice. These
costs include costs relating lo slalulory audit and legal fees, together with the apportionment of overhead and
support costs.
These costs are alloc81ed lo the charity's a¢livities of grant making and donal¢on giving.
The charity identifies Ihe cost of ils support function. 11 Ihen identifies those costs which relat8 lo the governance
function. Having identified ils goveTnance costs the remaining support costs, together with the governance costs
are allocated lo the charitable aclivily.
Support costs are minim81 in the conlexl of the charity. They are shown as being wholly apportioned to Ils granl
maklng activities which could be further split between granis payable lo inslilulions and donations. Any
apportionmenl of costs to donations would be minimal.
Taxation
The charily is exempl from corporation tax on its charitable aclivilies.
Fund accountlng
The charity only has a general fund which is unreslricled fL*nds and available for use al the discretion of the Iruslees
lo fund the clinical Inals which have Inel Iheir milestones and lo provide donations lo those causes consldered by
the trustees to be an appropnale use o( Ihe lunds.
Debtors
Other debtors are recognlsed at the amount due. Prèpayments are valued al the amount prepaid, nel of any Irada
discounts due.
Credltors and provlslons
Creditors and piovisions are recognised where the charity has a present obligallon rasulllng from a past event that
will probably result in the transfer of lunds lo a third parly and the amount due to sellle Ihe oblig81ion can be
measured or eslimaled reliably.
Financlal instruments
The charity only has financial assels and financial liabililies of a kind that qualify as basic financlal Inslrurnenls.
88sic fin8nclal insliuments are inilially recognised at Iransaclion value and subsequently measured al their
seiilemenl v81ue.
DONATIONS AND LEGACIES
2024
2023
Donations
78,125
97.625
4. INVESTMENT INCOME
2024
2023
Other interest receivable
Bank interest receivable
39
19,346
19.385
16,469
16.523
5. CHARITABLE ACTIVITIES COSTS
Grant funding
of aclivlties
{See note 6)
Support
COStS
(See note 7)
Direct
costs
Totals
Grants payable
179,653
7,901
187,554
Page 11

J P MOULTON CHARITABLE FOUNDATION
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
GRANTS PAYABLE
2024
2023
Grants payable
179,653
192,024
GRANTS PAYABLE - INSTITUTIONAL
2024
2023
ImperiAI Colleg& London
Barts Charity
Scar Free Foundation
University of Birmingham
Oxford Hospitals
Royal Osleq)or()sis
University Colle9e London
32.975
87.024
75,000
30,000
91,722
44,330
14,485
13,859)
Total grant payments
179,653
192,024
All grants payable are for medlcal research projects.
7. SUPPORT COSTS
Governanco
costs
oiher
Totals
Grants payabl8
546
7,355
7,901
Support costs, included in Ihe above. are as follows..
Other
2024
2023
Grants
payable
Total
actlvitles
Bank charges
Compulei expenses
533
13
546
527
53
580
Governance cost5
2024
2023
Grants
payable
Total
activltles
Independenl Examinerfs fees
Accountancy and laxalion
3,290
4.065
7.355
3,210
3,920
7,130
Page 12

J P MOULTON CHARITABLE FOUNt)ATION
(A COMPANY LIMITEE) BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
NET EXPENDITURE
Nel expenditure is staled after charging..
2024
2023
Independent Examinerfs fee
3.290
3,210
AccoLfntancy and tsxalion services
4,065
3,920
TRUSTEES. REMUNERATION ANO BENEFITS
There were no trustees, remuneralion or other ben6fils for the year ended 31 December 2024 nor for Ihe year
ended 31 December 2023.
Trustees. expenses
The￿ were no trustees, expenses paid for the year ended 31 Dec£mber 2024 nor for Ilie year ended
31 December 2023.
10. STAFF COSTS
There were no staff costs for the year ended 31 December 2024 nor for Ihe year ended 31 December 2023.
The average number of employees in the year was nil (2023: nil).
11. DE8TORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Olher debtors
19,525
19,525
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Accruals and deferred income
6,125
6,168
6,168
13, MOVEMENT IN FUNDS
Net movement
in funds
At 111124
At 31112124
Unrestricted funds
General fund
1,227,941
1.227.941
590.044)
590.0441
637,897
631,897
TOTAL FUNDS
Nel movement in funds, included in the above. are as folksws:
Incomlng
resources
Resources
expènded
Movement in
funds
Unrestricted funds
General fund
97.510
687,554
687,554
590,0441
590.044)
TOTAL FUNDS
97,510
Page 13

J P MOULTON CHARITABLE FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
13. MOVEMENT IN FUNDS {continuedl
Comparatives for movement In funds
Net movement
in funds
At 111123
At 31112123
Unrestricted funds
Gener21 fund
1,313.527
1.313 527
85,586)
85.586)
1,227,941
1,227,941
TOTAL FUNDS
Nel movement in funds, Included in the above, are as follows=
Incomlng
resources
Resources Movement in
expended
funds
Unrestricted funds
General fund
114,148
114,148
199,734
199.734
85,586}
85,5861
TOTAL FUNDS
14, OTHER FINANCIAL COMMITMENTS
Total
2024
Total
2023
Al 31 December 2024 th8 charity had commilmenls as follows..
Commilnienls in respecl of grants approved for projecls which have not
been accrued in the financial slalemenls bul which will form part of grants
payable in future periods..
Within one year
Between one and two years
Between two and three years
510,056
216.193
180.000
1,079,761
10,000
906,249
1,089,761
Grants are awarded and assessed in lemis of mlleslones. These milestones seNe as a basis on which lo make
payments. Given the nalvre of certain research aclivilies undertaken, Ihe liming of milestones is not always
absolute and subject to possible delay. This pmvides an element of uncertainty wilh regard to the liining ol future
grant payments. There are 8 few grants pending Ihe fomalisalion of mil&slones for which the liming has eilher
been eslimaled where possible or detailed as yel lo be determined.
The ongoing funding is subject lo each projecl achieving ils milestones which are rTK)nllored by the Trusle8S.
These commitments will be funded from lulure donations Teceivable.
15. RELATED PARTY DISCLOSURES
Th8 charilable company received cash donations from Mr J Moulton lolalling £nil (2023- £19.500), who 15 a Iruslee.
A donation of £500,00012023'. nil) was made lo the Jon Moulton Charity Tru51 (Guemseyl during the year, a charily
wliich Mr J Moullon and Mr S J Moulton are also Iruslees. the charity has the samè chaTttable objectives.
16. ULTIMATE CONTROLLING PARTY
The ¢harilable company is under Ihe ultimale control ol ils trustees. Mr J P Moullon, Mr S P Moullon and Dr H
Critchley.
Page 14

J P MOULTON CHARITABLE FOUNDATION
(A COMPANY LIMITED BY GUARANTEEI
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME AND ENDOWMENTS
Donallons and legacies
Donations
78.125
97.625
Investment income
Interest receivable
19,385
16,523
Total Incomlng resources
97.510
114,148
EXPENDITURE
Charltable actlvltles
Grants lo inslilulions
Donatlons payable
179,653
500,000
192,024
679.653
192,024
Support costs
Other
Bank Charges
Computer expenses
533
13
527
53
546
580
Governance costs
A¢¢ounlan¢y and laxalion
7,355
7,355
Total resources expended
687.554
199,734
Nat expendlture
590,044
85,586
This page does not form part of the statutory financial stalemenls
Pago 15