Reglstered Charlty Number.. 1125867
Registered Company Number: 06621472
Daphne
Jackson
Trust
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
LIMITED BY GUARANTEE
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024
Contents
Page No
Trustees, Report
Introduction
Objectives and Activities
Achievements and Performance
Financial Review
Plans for the Future
Structure, Governance and Management
Statement of Trustees, Responsibilities
8-10
li
Independent Auditors, Report
12-14
Statement of Financial Activities
15
Balance Sheet
16
Statement of Cashflows
17
Notes to the Financial Statements
18-24

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THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024
INTRODUCTION
The Trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011
and Sections 415 and 419 of the Companies Act 2006, together with the accounts for the year ended
31, March 2024. The Trustees have adopted the provisions ofthe Standard of Recommended Practice
ISORPI "Accounting and Reporting by Charities. issued in July 2014, IFRS 102, effective 1st January
2015}, in preparing the annual report and financial statements of the charity.
OBJECTIVES AND ACTIVITIES
The long-term objective of the Trust is to ensure that we enable the maximum number of returners
who trained for a career in research to have a satisfying career in research. We will do so by increasing
the number of hosts and sponsors of returners and by influencing employment and research policy to
support this. To meet the main objective, we administer Fellowship schemes for highly qualified and
talented researchers, and research technical professionals who have been on a career break of two
years or more for family, caring or health reasons. The Fellowships are hosted in universitie5 or
research establishments throughout the United Kingdom and Republic of Ireland and are sponsored
by organi53tions with an interest in the research being undertaken and In the support of returners.
Current sponsors Include, but are not limited to, research councils, univer51ties, research institutes,
charlties, learned societies, professional Institutions and industrv.
In order to meet our objectives, we undertake the following key operational activities.,
Identifying and assesslng the suitability of applicants to undertake the Fellowships.
Securing suitable host organisations and sponsors to fund the Fellowships,
Increasing the number of ongoing advertised sponsored Fellowships, for which a sponsorship
agreement is made, the opportunity is advertised and the sponsor has an input to the selection
of the most appropriate candidate.
Retaining the Trust's position as an expert on matters relating to returners to research careers
after a prolonged break.
Raising awareness of the Trust and ensuring that its philosophy is embedded In the talent
management and recruitment strategies of all organisations whose success is reliant on the
expertise of those trained to the highest levels In research and related subjects.
Taking action to ensure the Trust's future financial sustainability.
Fellowshlps and Sponsorshlp
High quality processes to underpin the selection, appointment and monitoring of Fellows are core to
our success and we keep these under careful review. These include..
A competitive selection procedure, applying eligibility and suitability criteria.
Rigorous application process. with deadlines, during which the applicant has support,
guidance, advice and mentoring on a one-to-one basis by a Fellowship Advisor,
Selection of Fellows by an experienced Awards Assessment Panel,
Systems to monitor and support Fellows during their Fellowship.
Training courses for Fellows.
It is still the case that many, very talented, researchers who have been on a career break find that their
confidence has been eroded, theirskills are out of date and they require much support, mentoring and
guidance on a one-to-one basis in order to become competitive in the work place once again. The
experience ofthe Trust's staff and the Awards Assessment Panel members involved in the selection of
Fellows is important as our Fellowships are quite unlike any other currently available in academia or
industry. Both prior education and experience, and an assessment of the candidate's potential to
make a successful return to a research career are considered and tailored support, mentoring and

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THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES (Continued)
guidance are offered by the candidate's assigned Fellowship Advisor who coaches them through the
application process and, if successful, throughout the period of the Fellowship. It is the extra support
that is offered during the application process and throughout the Fellowship that has led to the
overwhelming success rate of Daphne Jackson Fellows in re-establishing themselves in their chosen
careers. Our expertise in understanding the issues facing returners allows the Fellowship Advisors to
support each applicant to design a research and retraining programme for their Fellowship that reflects
their personal circumstances, the nature of their break, their needs and career aspirations. Having
commenced the Fellowship, the Fellows are assisted and monitored at regular intervals and using a
variety of methods by their Fellowship Advisor to ensure that they are maximising the opportunltles
available to them to re-establish themselves on their chosen career path.
Fellowship5 are moving towards three years being the normal duration, rather than two years and are
part-time, however there is flexibility in the full time equivalent IFTEI and duration of Fellowships to
meet the particular needs of the Fellow orthe sponsor.
Whilst we provide the infrastructure and dedicated staff to recruit and retrain Fellows and administer
the awards, sponsorship by external organisations and hosts is fundamental to us being able to deliver
our mission. We therefore work hard to identify suitable new sponsors, as well as continuing to
enhance our relationshlps with existing stakeholders. The income we receive for sponsorship is
recorded as restricted income; it includes Fellows, salaries, associated costs and expenses together
with a Fellowship support cost. For each sponsorship arrangement, the Fellowship support cost is
transferred from restricted income into unrestricted income for the Trust's general expenditure. The
Trustees place high importance on maintaining a suitable level of unrestricted income to support the
Trust's work and so it is vital that we maintain our sponsorship at the current levels.
Donations
General donations to the Trust, unrestricted in their use, are an important income stream for the
development of the Trust's work. Donations for a particular purpose, such as the Trust's biennial
Conference, are increasingly important. Raising awareness of the Trust's work is essential to increasing
the number of potential donors of unrestricted income and is an ongoing objective.
Events, Impact and networklng
Returning a researcher to a long-term career in research has clear benefit5 for the individual, their
employer and the UK economy. therefore tracking Fellows, careers post Fellowship is of vital
importance. In addition to maintaining contact with our Fellowship network, we also conduct a survey
with them every five years, the most recent having taken place in 2021. The data from this survey were
analysed in 2022 and formed the basis of the Trust's first Impact Report that demonstrates the
importance to individuals, sponsors and government about what we do and the impact of our work.
Bringing Fellows together to build networks and share experiences is a key part of the Trust's work.
The Trust does this in a number of ways, including promoting networking via Linkedln, encouraging
Daphne Jackson Fellows to meet up informally with other Fellows, and organising larger networking
events - in person or online.
With the increased awareness and activities to improve equality, diversity and inclusion IED&II for 311
protected groups in research and related careers in Higher Education, the Trustees are proud of the
Trust's track record and unique agenda-setting role in making the case for returners. We will continue
to work collaboratively with all stakeholders with an interest in this important area.

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THE DAPHNE JACKSON MEMORIAL FEILOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31" MARCH 2024
ACHIEVEMENTS AND PERFORMANCE BETWEEN I APRIL 2023 AND 31 MARCH 2024
Fellowships
The Trustees are pleased to report that the Fellowship pipeline is being maintained. Sponsorship levels
remained robust and theTrust continued to advertise sponsored fellowship opportunitiesthroughout the year
as well as making arrangements with new sponsors who have not previously worked with us.
The Trust has succeeded in encouraging more sponsorsto move to three-year awards, with 64QA156 out of 87}
being undertaken for thi5 longer duration. This marks an increase in the number of three-year awards from
2022152%). A longer duration is increasingly showing more success post-Fellowship.
In the perlod covered in this report 23 new Fellowships commenced, 41 were ongoing and 23 completed,
glving a maximum number of 87 Fellowships in the period. These Fellowships are hosted and sponsored by 3
range of organisations, Ilsted below.
Current Host Or
anisations
The Trust is delighted that the following 61 organisations are hosting one or more Daphne Jackson
Fellowships:
Abertay University
Alan Turing Institute
Aston Unlversity
Birkbeck, University of London
Brunel University London
Cardiff University
Courtauld Institute of Art
Coventry University
Cranfield Unlversity
De Montfort Universlty
Durham Unlversity
Goldsm iths, University of London
Heriot-watt Universitv
Imperial College London
John Innes Centre
Keele University
Kings College London
Llfe Arc
Liverpool John Moores Unlversity
Liverpool School of Tropical Medicine
London School of Hygiene & Tropical Medicine
London South Bank University
Natural History Museum
Newcastle University
Nottingham Trent University
Plymouth Marine Laboratory
Queen Mary University of London
Queen's University Belfast
Swansea U niversity
University College London
University of Aberdeen
UnSverslty of Bath
University of Birmingham
University of Bradford
University of Bristol
University of Cambrldge
University of Central Lancashlre
University of Edinburgh
University of Exeter
University of Glasgow
University of Greenwich
University of Huddersfield
University of Hull
University of Kent
University of Leeds
University of Leicester
University of Liverpool
University of Manchester
University of Nottingham
University of Oxford
University of Plymouth
University of Portsmouth
University of Reading
University of Roehampton
University of St Andrews
University of Stirling
University of Strathclyde
University of Surrey
University of Sussex
University of Warwick
University of York

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THE DAPHNE JACKSON MEMORIAI FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31" MARCH 2024
ACHIEVEMENTS AND PERFORMANCE BETWEEN I APRIL 2023 AND 31 MARCH 2024 (Continued)
Current 5
onsors
The Trust is delighted to be working with the following 38 organisations, who have sponsored the Fellows in
post in the period covering thi5 report, many of them fully or part sponsoring more than one Fellow:
AHRC
Alan Turing Institute
Alzheimer's Society
Anatomical Societv
Animal Free Research
Applied Microbiology International
BBSRC
Birkbeck, University of London
British Heart Foundation
Brunel University London
Durham University
EPSRC
ESRC
Imperial College London
John Innes Centre
Kennedy Trust for Rheumatology Research
Kidney Research UK
Llfe Arc
Macular Society
Medical Research Scotland
MRC
NERC
Orthopaedic Research UK
Plymouth Marine Laboratory
Queen Mary University of London
Royal Academy of Englneering
Royal Society
Royal Society of Chemlstry
Society of Chemical Industry
STFC
University of Edinburgh
University of Leicester
University of Manchester
University of Nottingham
University of Reading
University of Roehampton
University of Surrey
University of York
Many arrangements are for the sponsorship of more than one Fellow and are ongoing with an agreement to
sponsor every year or every two/three years, thus ensuring that the sponsoring organisation has one or
more Daphne Jackson Fellows in place at any time.
Research Technical Professional Fellowshi
We have continued to make progress in implementing our first Research Technical Professional IRTPI
Fellowships..
The name of the fellowship scheme has been changed from Research Support Fellowship to better
reflect the language used by the target communities.
We have attended several specialist conferences to promote the scheme and, importantly, learn more
about the wide range of profession31 specialisms, career paths and employers, needs.
We have continued to build our network developing new contacts with technical leads at universities
and the National Laboratories across the UK, for example.
These discussions indicate that there may be a higher demand for returners to the sector than we anticipated,
This is in part due to increasing difficulties with recruitment for various reasons including reduced numbers of
suitable candidates coming to the UK from Europe and skills gaps in several key areas.
Events
Trainin
Courses webinars and su
ort for Fellows
Following a review a new Training Course Programme has been finalised. There will be four in person one-day
courses and two online 90-minute courses, tailor-made for Daphne Jackson Fellows. The courses provide
Fellows with the skills to support their success both during and beyond their Fellowship and enable our Fellows
to come together, support and advise each other. Courses are designed and facilitated by professional trainers
and are held at locations around the UK. They are a mix of existing courses and ones that are new to the Trust.

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THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31" MARCH 2024
ACHIEVEMENTS AND PERFORMANCE BETWEEN I APRIL 2023 AND 31 MARCH 2024 {Continued)
Events (Continued)
The six training courses are:
Professionalisation - Next Steps
Publishing a Research Paper: Journa5 Selection, and Writing a Grant Proposal
In the Spotlight: Communication and Confidence
Pitch Perfect and Infotopia
Social Media for Researchers
Work-Life Balance and Goal Setting
Every Fellow is expected to attend at least three courses by the completion of their Fellowship. In addition to
the core content, the courses provide essential and invaluable opportunities for Fellows to form informal
networks and provide peer support.
Webinars
The online webinars for Fellows introduced during the pandemic have continued and are stlll proving very
popular. During the last year, flve webinars took place with all but one having a former Fellow presentlng their
careerjourney and answering questions from the current Fellows.
Fellows Networkin
Event
At the beginning of November, we held our first Fellows networking event that brought together former and
current Daphne Jackson Fellows, staff, sponsors and trustees, for a day filled with networkingi collaboration
and tralning opportunities. There was a welcome dinner on the first day where former Fellows were given the
opportunity to share their storyi the next day included training on "Confident Networklng and Personal
Impact". This was followed by an afternoon networking session. Our inaugural Fellows day was a great success
and wlll now take place biennially.
Pollcy and external affalrs
Our work with parliamentarians and associated organisations allows us to play a central role in inf luencing
pollcy across research and innovation at the highest level. We are committed to working with all stakeholders
with common goals to progress the issues of returning researchers
including those relating to equality,
diversity and inclusion. By working together, we believe we can make positive change enabling researchers
from all backgrounds to return to their research careers and succeed.
Within Westminster, the Trust is a member organisation of the Parliamentary & Scientific Committee IP&SCI
and is a committed supporter ofthe Women & Work and Diversity & Inclusion in STEM All Party Parliamentary
Groups. The Trust was represented at a significant number of events within the Westminster calendar such
as the Royal Society of BioloBy's Parliamentary Links Day. In year, the Trust made a submission to the Diversity
& Inclusion in STEM APPG Call for Ideas consultation, recommending that consideration be given as to how
STEM workplaces can dismantle barriers to staff
retention and career progression by treating a fairer and more equitable employment landscape.
The Trust continues to actively engage with stakeholders across the research and development landscape.
Staff attended a wide variety of events hosted by STEM. Arts & Humanities and Social Science organisations,
including the Campaign for Science & Engineering's {CaSE) Annual Lecture,. the ERA Foundation; the
Foundation for Science & Technology. Lloyds Register; and the Royal Academy of Engineering's Queen
Elizabeth Prize for Engineering. The Trust ensures it is represented at relevant annual conferences and is an
active member organisation of the Association of Medical Research Charities IAMRCI, Equality, Diversity &
Inclusion in Science & Health {EDISI and the Royal Society of Biology.

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THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31" MARCH 2024
ACHIEVEMENTS AND PERFORMANCE BETWEEN I APRIL 2023 AND 31 MARCH 2024 (Continued)
The Chief Executive is regularly invited to discuss issues faced by returners at events and seminars. She was a
keynote speaker at a Mothers in Science: Returning to STEMM after a career break conference. the 'Career:
Parent,: Physicist Higgs Centre for Theoretical Physics Summer Forum (University of Edinburgh) and the
National Conference for Science Technicians. She also gave presentations to the British Academy's Early
Career Research Network and tothe AIRTO CEOS and Senior Executives Forum. The Trust Manager was a panel
member of an X-Net EDI workshop "Lessons from equality, diversity and inclusion.. How can we improve
interdisciplinary research culture?" the University of Oxford.
Communlcation and Impact
With the Communications Lead having been in place for over a year, there has been a marked improvement
In the general external communications and engagement with stakeholders and collaborators, as well as
current and former Fellows. Communications work has been more proactive and strategic with a regular
newsletter, more blogs and case studies and increaded social media followers. A closed Linkedln group for
current and former Fellows has been established and has nearly 200 members and Erowing.
The Trust continues to push boundaries and promote the message that we must embrace differences and
look to make improvements across the entirety of the research landscape, starting with those who work in it,
Daphne Jackson Fellowships are a vital lifeline to many talented individuals wanting to return to research after
a break and the work that the Trust does to promote them makes a big difference not just to the Fellows but
also to those who employ them and in turn to research culture more generally.
E ualit Diversit
and Inclusion
The Trust continues to strongly advocate for equality, diversity and inclusion IEDII in research and we continue
to build EDI into all aspects of how we operate from planning our events, trustee and staff recruitment,
communications and policy. We are active members of EDIS- a coalition of organisations working to improve
EDI in hea5th and medical sciences, and the Royal Society of Biology diversity and inclusion steering group.
The Trust was delighted to receive acknowledgement of this hard work by being awarded the Royal Society
Research Culture Award in 2023 for its contribution to research culture, specifically for championing EDI within
the research community.
Website and Brand
During the year it was agreed that work should be undertaken to develop a new website for the Trust due to
the need for extra functionality and modernisation. In conducting the planning and development work it
became apparent that the Trust would also benefit from harmonising and modernising the Daphne Jack50n
brand, logo and guidance on how to use them. A project is now underway that will be completed in time for
the Conference in November 2024 at which a new brand and website will be formally launched.
Blo
During the year 29 blogs and article5 have been written and published on the website. These are an
opportunity to publicise aspects of the Trust's work as well as success stories from Fellows. They are written
by a mix of staff and Fellows usually.
Social Media
The Trust continues to grow its following on social media, with Linkedln and X being the two main channels.
The Facebook page has been closed down but there is an Instagram account, although rarely used. The Trust
does have a YouTube channel and it 15 hoped that in the next year we can generate more video content with
the Fellows for use on YouTube and the new website. As recommended by the Charity Commission The Trust
has created a social media policy for our Trustees and staff.

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THE DAPHNE JACKSON MEMORIAL FEILOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024
ACHIEVEMENTS AND PERFORMANCE BETWEEN I APRIL 2023 AND 31 MARCH 2024 (Continued)
Newsletter
The monthly newsletter has proved to be very popular and there are now over 500 subscribers. The last
newsletter open rate was 64%, with a click through rate of 4.7%. This is far above Mailchimp's average totals
of open rates - 21.33% and 0.40% click through.
Internal Development and Systems
Data Protection
The Trust continues to take data protection seriously and updated the suite of policies that govern how the
Trust is compliant with the Data Protection Art 12018). The Trust also reviewed its arrangements for
international data transfers to ensure compliance. Data protectlon is a standing feature on the Trust's risk
register, which is discussed regularly by Trustees.
C ber Securit
The Trust recognises the importance of strong cyber security, especially in light of increasing threats in this
regard to charities. The Trust undertook work to ascertain the level of compliance against the Natlonal Cyber
Security's Cyber Essentials assessment and although it would have been non-compliant to pass this
accreditation, this-work served its purpose, which was to highlight areas where improvements could be made
to processesi procedures and training within the Trust. This has led to regular monitoring and implementation
of an action plan that is reviewed by the Finance and General Purposes Committee as well as the Board.
FINANCIAL REVIEW
This year is the f irst complete year following the change of year end last year and subsequent 16 month period
from December 2021 to March 2023. Therefore, the comparative figures in brackets are for a 16 month period
rather than a year. Total income for the year ended 31" March 2024 was £2,119,92312023.' £2,411,510) and
expenditure totalled £2,010,538 (2023: £2,300,944) resulting in net income for the period of £109,38512023'.
£110,566}. Charity accounting requires the recognition of unconditional grant income on notification by the
funder, whllst recognition of expenditure is recorded only once a legal or constructive obllgatlon Is Incurred
by the Trust.
There was a reduction of unrestricted funds of £2,534 for the year compared to a reduction of £31,860 in the
16 month period to March 2023. These movements are aftertransfers between funds (inclusive of Fellowship
support costs) of £314,464 {2023: £376,508). Admlnistrative and core costs remaln under rigorous control.
As of 31, March 2024, the level of reserves available for the ch3riVs use11.e. In unrestricted funds and not
represented by fixed assets} was £549,983 {2023: £581,938}.
Donations
The Trust continues to receive a small number of regular donations, which are always very gratefully received.
In addition, the Trust was delighted to continue to receive an annual donation from both the Royal Society of
Chemistry and the British Pharmacological Society.
Le
ac
The Trust received a small legacy which has been used to part fund a Daphne Jackson Fellow at the University
of Surrey, which was at the request of the family.
Unrestricted Reserves Policy
Unrestricted reserves are required to protect a charity againstfuture events known and unknown, and ensure
it is able to maximise future opportunities and weather future challenEes. An effective unrestricted reserves
policy is one that is regularly reviewed and pays due attention to the changing f inancial and regulatory

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THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024
FINANCIAL REVIEW (Continued)
Unrestricted Reserves Policy (Continued)
environment in which the charity operates. With this in mind, our policy is reviewed and updated annuallyi
at the Spring Board meeting. The policy outlines a number of scenarios in which the reserves might be required
and defines the potential call on the reserve required for that scenario. Not all the scenarios will occur at the
same time but the Trustees have considered the likelihood of some of the scenari05 occurring concurrently.
This informs the overall level of unrestricted reserves to be maintained in the following financial year.
Our unrestrlcted reserves are held in a Charities Online Investment Fund ICOIFI account with CCLA
Investment Management Limited and are available at short notice.
Scenarios that may require using the unrestricted reserves include both rlsks and opportunities, these are
articulated in the policy along with an indication of the likelihood of occurrence, the action that would be
required and an estimate of funds needed. Risks included in the policy cover, but are not limited to:
annual income less than expenditure owing to regular sponsors withdrawing support or not placing
enough Fellows;
loss of staff members;
and loss of funds as a result of fraud or Sllegal activity.
Opportunities included in the policy cover new staffing resources, special events and the Blennlal Daphne
Jackson Trust Conference.
As of 31st March 2024, the level of reserves available for the charity's use {l.e. In unrestrlcted funds and not
represented by fixed a55etsl was £549,98312023: £550,078). This is considered adequate to cover a number
of concurrent risks and opportunities.
Assessment and Management of Rlsk
The Trustees are responsible for the identification and management of any major rlsks facing the charlty.
During the year the risk register was reviewed at the three meetings of the Finance and General Purposes
Commlttee. Its recommendations were reviewed at each Board meeting and appropriate amendments made
to the register with actions agreed.
PLANS FOR THE FUTURE
The Trust will be developing an overarching organisational strategy to guide future growth and
development. This key piece of work will be supported by Trustees, staff and wider stakeholders.
We will continue to develop the Research Technical Professional Fellowships with 3 focus on the
Research Technical Professionals who are in the academic sector.
Our ongoing policy work will continue to monitor the shifting research landscape. Many key
organisations are realising the need to address research culture and think about people as well as
policies. The Trust will continue to work with stakeholders during the year to offer its unique
perspective and significant experience of the i5sue5 and challenges faced by returner5 to research
careers,
The Trust will be developing the exciting project to rebrand and create a new website with updated
terminology and content.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The Daphne Jackson Memorial FellowshipsTrust (known asThe Daphne JacksonTrustl is 3 charitable company
limited by guarantee (No. 06621472), incorporated on 17th June 2008 under a memorandum and articles of
association and registered as a charity Ino. 11258671 on 15th September 2008, The Trust was named in
memory of Professor Daphne Jackson who established a scheme in 1985 to return scientists, engineers and
technologists to their careers.

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THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT {Continued)
Organlsation and Management
The Trust's articles provide for overall operations to be controlled by a Board of Trustees. The Trustees set
the overall policy and strategic guidelines for the charity but the day-to-day operations of the charity are the
responsibility of the Chief Executive, who is supported by the Trust Manager and 3 Staff team. We practise
what we champion- all have the opportunity to work flexibly.
The Trust has two Board meetings a year and its work is supported by three committees and an expert
panel:
Finance and General Purposes Committee meets three times a year and dea15 Wlth the day-to-day
operations of the Trust and considers all aspects of risk on a regular basis. The committee is made up of
Trustees and relevant staff, with other staff and the Auditors in attendance when necessary.
Awards Strategy Committee meets twice a year to consider strategic issues concerning the application
process and award of Fellowships. The committee is made up of Trustees, members of the Awards
Assessment Panel and relevant staff.
The Awards Assessment Panel considers applications three times a year and all members meet together
in person once a year. Each Fellowship application 15 assessed by six members of the Awards
Assessment Panel, who are chosen on the basis of their subject expertise. The Panel is made up of a
larger number of subject experts, who consider Fellowship applications based on their subject expertise
and availability. There are three subject assessment subpanels each with their own Chair. These are
Medical, Biological and Environmental Sciences Panel IMBESPI, Engineering and Physical Sciences Panel
IEPSPI and Psychology, Arts and Humanities Panel IPAHPI. There is one overall Chair of the Awards
Assessment Panel and one deputy Chair and at least one of them will oversee all applications to ensure
consistency between the panels. Each subpanel has a video call to discuss the applications and agree
awards.
Special Discretlonary Fund Committee assesses requests for small amounts of additional funding by
Fellows as applications are made. This committee comprises three Trustees and does not meet in
person.
The Board and each Committee have an agreed Terms of Reference, detailing thelr purpose and
responsibilities, The key decision-making protocols are contained in the Committees, terms of reference.
The Board agree the remuneration of the administrative team based on advice received from the Finance and
General Purposes Committee. The Chief Executive has an excellent working relationship with the Board of
Trustees and often works on projects with members of the Board on a more individual basis.
How Trustees are recruited, appointed, Inducted and tralned
Trustees are appointed to the Board for the benefit of the Trust. Trustees are appointed to the Board for a
three year term, with another term of three years if desired and agreed by the Chair. On occasion, Trustees
may be considered for an additional term of up to three years, if desired and agreed by Board. The Trust
advertises publicly for Trustees on the Daphne Jackson Trust website, social media and other appropriate
websites and adverts. The Trustees may also invite members of the Awards Assessment Panel to become
Trustees on occasions. The search for new Trustees is always focused on those with appropriate experience
and there are no geographical restrictions on Trustee appointment.
Appl icants for Trustee vacancies are interviewed by a delegated panel comprising two Trustees and the Chief
Executive who then recommend successful applicants to the Chair for formal approval. All new Trustees
receive an induction pack, including The Essential Trustee, guidance booklet produced by the Charity
Commission for England and Wales, and are given an introduction to the activities of the charity by members
of the existing Board, relevant staff members and the Chief Executive. Existing Trustees also have access to
ongoing training opportunitie5 to assist them in fulfilling their roles and responsibilities. The Board of Trustees
possess a diverse range of skills including financial management, academic research and public sector
experience.

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THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31" MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)
Governance
Three Trustees stepped down during the period; we very gratefully acknowledge their support and
assistance..
Dr Sabine Best
Dr Graham Davies
Dr Zainab Naqvi
The Trust continues to use WorkNest, an expert consultancy which advises on compliance with regard to
employment law and health and Safety.
Staffing
There are currently 14 staff, who work at a total of 8.9 FfE
During the year, we recruited for one new role. the Research Technical Professional Fellowships Lead and
replaced two Fellowship Advisors who moved on to new positions In other organlsations.
Patrons
Professor Dame Athene Donald DBE
Ms Vivienne Parry OBE
Ms Maggie Philbin OBE
Dlrectors and Trustees, who have served durlng the perlod covered by this report
Professor Tom Welton OBE FRSC FCGI (Chairl
Dr Sabine Best (resigned March 2024)
Carol Bewick
Professor Graham Davies {resigned January 2024)
Dr Sophie Duport
Dr Samantha Francis
Dr Jane Gate
Dr Ruth Gilligan
Nazia Hirjee
Dr Kerstin Klnkelin
Dr Zainab Naqvi (resigned March 20241
Professor Stephen Newstead (Deputy Chalrl
Dr Kotryna Temcinaite
Dr Maria Tennant
Professor Christopher Whitehead {Deputy Chair)
The Directors of the Trust are also its Trustees for the purposes of charity law and throughout this report are
referred to as the Trustees.
Registered offlce: University of Surrey, Guildford, Surrey, GU2 7XH
Registered charity number: 1125867
Registered company number: 06621472
Chief Executive & Company Secretary: Dr Katie Perry
Trust Manager: Dr Helen Marsh
Professional Advisers: WorkNest, Woodhouse, Church Lane, Aldford, Chester, CH3 6JD
Audltors: Knox Cropper LLP, Office Suite I, Haslemere House, Lower Street, Haslemere, Surreyi GU27 2PE
Bankers: National Westminster Bank plc, PO Box 236, University of Surrey, Guildford, Surrey, GU2 5ZX

Page 11
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also Directors of the Daphne Jackson Memorial Fellowship Trust for the purposes of
company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
these financial statements, the Trustees are required to:
select suitable accounting pollcies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
State whether appllcable UK Accounting Standards have been followed, subject to any materlal
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropr13te to presume that
the charitable company will continue in operation.
The Trustees are responslble for keeping accounting records that disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that the financial statements
comply wlth the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the Trustees are aware:
there is no relevant audit information of which the charitable company's auditor Is unaware,, and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that information.
APPOINTMENT OF AUDITORS
Knox Cropper have expressed thelr willingness to stand for reappointment and a resolution proposlng this
will be put forward at the annual general meeting of the charlty.
This report has been prepared having taken advantage of the small companies, exemption in the Companie5
Act 2006.
Approved by the Trustees and signed on their behalf.
Professor Tom Welton OBE FRSC FCGI
Trustee/Director
Date: 2410912024

Page 12
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
Opinion
We have audited the financial statements of the Daphne Jackson Memorial Fellowships Trust, the I'charitable
company'l for the year ended 31st March 2024 which comprise the statement of financial activities, the
balance sheet, the statement of cash flows and notes to the financial statements, 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
Finonciol Reporting StandardApplicable in the UKond Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable compan¢s affairs as at 31st March 2024 and its
incoming resources and application of resources for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Prattice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
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 Auditor's responsibilities for the
audit of the f inancial statements section of our report. We are independent of the charitable company In
accordance with the ethical requirements that are relevant to our audit of the financial statements in the U K,
including the FRC'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.
Concluslons relating to golng concern
In auditing the financial statements, we have concluded that the directors, use of the golng concern basis of
accounting in the preparation 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 company's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the
relevant sections of this report.
Other Informatlon
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financlal statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstatement of the other
information. 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.

Page 13
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report, which includes the directors, report prepared for the
purposes of company law, for the financial year for which the financial statements are prepared is
consistent with the financial statements,. and
the directors, report included within the Trustees, report has been prepared in accordance with applicable
legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the directors, report included within
the Trustees, report.
We have nothing to report In respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate and proper accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of Trustees, remuneration specified bylaw are not made; or
we have not received all the information and explanations we require for our audit; or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from
the requirement to prepare a strategic report.
Responslbllitles of Trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the flnancial
statements and for belng satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from materlal
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the companvs ability to
conti nue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the company or to cease operations,
or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material m isstatement, whether due to fraud or error, and to issue an auditor's report that includes our
oplnlon. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could re350nably 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 law5 and regulations. We design
procedure5 in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregu5a rities, including fraud. The extent to which our procedure5 are capable of detecting irregularities,
including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable
com pany which have a direct impact on the financial statements and determined that the most significant
are the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice) and the Companies Act
2006.

Page 14
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
Audltor's responslbilities for the audit of the flnancial statements (continued)
We understood how the charitable company is complying with those framework5 via communication with
those charged with governance, together with the reviewof the charitable company's documented policies
and procedures.
We assessed the susceptibility of the charitable companvs financial statements to material misstatement,
including how fraud might occur by considering the key risks impacting the financial statements. These
included risks associated with revenue recognition and management override of controls.
Our approach included agreeing the charitable companls recognition of income to the terms of the
underlying contracts for fees, the review of journ31 entries processed in the accounting records and the
investigation of signif icant and unusual transactions identified from our review of the accounting records.
Based on this understanding we designed our audit procedures to identify non-compliance with such laws and
regulations. Our procedures involved review of the reporting to the directors with respect to the application
of the documented policies and procedures and review of the financial statements to ensure compliance with
the reporting requirements of the charitable company.
There are inherent limitations in the audit procedure5 described above and, the further removed non-
compliance with13ws and regulations is from the events and transactions reflected in the financial statements,
the les5 likely we would become aware of it. The risk of not detecting a material misstatement due to fraud is
higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment
by, for example, forgery or intentional misrepresentations, or through collusion.
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
auditorsres
onsibilities. This description forms part of our
auditor's report.
Use of our report
This report is made solely to the charitable companvs members, as a body, in accordance with Chapter 3 of
Part 16 of the Companles Act 2006. Our audit work has been undertaken, so that we might state to the
charitable company's members those matters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the charitable company and the charitable company's members as a body, for our audit work, for
this report or for the oplnions we have formed.
Matthew Elkins {Senior Statutory Auditor)
For and on behalf of Knox Cropper LLP, Statutory Auditor
Office Suite I
Haslemere House
Lower Street
Haslemere
5urrey GU27 2PE

Page 15
(LI CL

Page 16
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
ST
BALANCE SHEET AS AT 31 MARCH 2024
31st March
2024
31st March
2023
Note
FIXED ASSETS
Tangible assets
io
3,294
5,733
CURRENT ASSETS
Debtors
Cash at hand and in bank
li
375,422
4,394,107
138,425
3,906,047
4,769,529
4,044,472
CURRENT LIABILITIES
Creditors: Amounts falling due within
one year
12
2,853,564
2,240,331
Net current assets
1,915,965
1,804,141
NET ASSETS
£1,919,259
£1,809,874
THE FUNDS OF THE CHARITY
Restrlcted funds
16
1,365,982
1,254,063
Unrestrlcted funds
16
553,277
555,811
TOTAL CHARITY FUNDS
16
£1,919,259
£1,809,874
These accounts have been prepared in accordance with the provisions applicable to companies subject to
the small companies, regime.
The financial statements were approved and authorised for issue bytheTrustees on 24/0912024 and signed
on their behalf by..
Professor T Welton
Trustee/Director
The Daphne Jackson Memorial Fellowships Trust
Company Number.. 06621472
Charity Number.. 1125867

Page 17
THE DAPHNE JACKSON MEMORIAL FELLOWSHIP TRUST
STATEMENT OF CASHFLOWS
ST
FOR THE YEAR ENDED 31 MARCH 2024
12 Months
2024
16 Months
2023
Notes
CASH FLOWS FROM OPERATING
ACTIVITIES
Net cash used inllprovided by) In operating
activities
341,144
1,238,417
CASH FLOWS FROM INVESTING ACTIVITIES
Bank Interest
Purchase of Tangible Fixed Assets
148,226
11,310)
31,733
19,623}
Net cash provided by investment activitles
146,916
22,110
CHANGE IN CASH AND CASH EQUIVALENTS
IN THE FINANCIAL YEAR
488,060
1,260,527
Cash and Cash Equivalents at the beginning
of the financial year
3,906,047
2,645,520
Cash and Cash Equivalents at the end
of the financial year
£4,394,107
£3,906,047
NOTES TO THE STATEMENT OF
CASH FLOWS
Al Reconciliation of Net Expenditure to Net Cash Flow from
Operating Activities
Net Income to Net Cash Flow
From Operating Activities
Net Income for the Financial Year/Period
Adjustments for
Depreciation
Bank Interest received
Decrease/llncreasel in Debtors
Increase in Creditors
2024
2023
109,385
3,749
1148,2261
1236,9971
613,233
110,566
5,647
131,7331
209,734
944,203
Net cash used inllprovided by) Operating Activities
£341,144
£1,238,417
Bl Analysis of Cash and Cash Equivalent
Bank Current Accounts
Bank Dep051t Accounts
1,444,107
2,950,000
1,956,047
1,950,000
£4,394,107
£3,906,047

Page 18
THE DAPHNE JACKSON MEMORIAI FELLOWSHIPS TRUST
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
(al Basis of Preparation and Assessment of going concern
The account5 have been prepared under the historical cost convention with items recognised at
C05t or transactional value unless otherwise stated in the relevant notes to the accounts. The
financial statements have been prepared in accordance with the Statement of Recommended
Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the
Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 Second
Edition issued in October 2019 and the Financial Reporting Standard applicable in the United
Kingdom and Republlc of Ireland IFRS 102 March 20181 and the Companies Act 2006.
The accounts have been prepared in £GBP Sterling whlch is the presentatlonal currency of the
company. Monetary accounts in these financial statements are rounded to the nearest £.
The Charity constitutes a public benefit entity as defined by FRS 102.
The Trustees conslder that there are no material uncertainties about the Charity's ability to
continue as a going concern.
(b) Incomlng resourtes
All income is recognised once the charity has entitlement to the Income, it is probable that the
Income will be received and the amount of income recelvable can be measured reliably, Income
is deferred only where the donor has imposed restrictions on the resources which amount to pre-
conditions for use e.g. the receipt in advance of a grant for expenditure in a future accounting
period.
Where incomlng resources are receivable subject to the satisfaction of conditions which are
outside of the charlty's control, entitlement to the incoming resources will only exist once those
conditions have been satisfied and Such income is therefore recognised when the relevant
conditions have been satisfied.
Where Incomin8 resources are receivable under a contract or constitute performance-related
grants, income will be recognised according to the degree of completion of the contract or the
extent to which performance has been achieved.
{c) Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
comm itting the charity to that expenditure, it is probable that settlement will be required and the
amount of the obligation can be measured reliably. Expenditure is recognised on an accruals basis,
The majority of costs are directly attributable to specific activities but certain shared costs are
apportioned to activities in furtherance of the charit(s objects. Where costs Cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with
the use of resources.
Governance costs comprise the costs associated with the governance arrangements ofthe charity
and include audit fees, legal advice lif any) for Trustees, costs associated with the constitutional
and statutory requirements and any costs associated with the strategic as opposed to the day-to-
day management of the charity's assets are allocated to support costs.

Page 19
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
(d) Fixed assets
Fixed assets are stated at cost and depreciation is provided at rates calculated to write-off the cost
of each asset over it5 expected useful life as follows:
Computer equipment
Office equipment
33 13% straight line
25% reducing balance
(el Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees
in furtherance of the general objectives of the charity and which have not been designated for
other purposes.
Designated funds are unrestricted funds that the Trustees have specifically designated the
purpose for which they can be applied.
Restricted funds are funds, which are to be used in accordance with specific restrictlons imposed
by donors or raised by the charity for particular purposes. The c05t of raising and administering
such funds is charged against the specific fund. The aim and use of each restricted fund are set
out in the notes to the financial statements.
For each restricted fund the charity agrees with the funder that a proportion 15 to be transferred
to unrestricted funds in order to meet the costs of selecting and supporting Fellows.
(fl Penslon fund contrSbutlons
The pension costs charge represents the Charity's contributions to a money purchase scheme of
staff members and these are brought into account when payments arising to the scheme fall due.
Ig) Slgnlflcant Judgements and Estlmates
The following are the critical judgements and key sources of estimation uncertainty that the board
has made in the process of applying the group's accounting pollcies and that have the most
significant effect on the amounts recognised in the financial statements.
De
reciation:
The depreciation of fixed assets is based on managernent's estimate of their useful lives which is
kept under review.

Page 20
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" MARCH 2024
16 Months
2023
Total
Fund5
12 Months 2024
Restricted
Funds
Unrestricted
Funds
Total
Funds
GRANTS AND DONATIONS
Donations
Grants
122,140
122,140
1,849,557
186,457
2,193,320
1,849,557
£122,140
£1,849,557
£1,971,697
£2,379,777
INVESTMENT INCOME
Bank Interest
£47,923
£100,303
£148,226
£31,733
RESOURCES EXPENDED ON
CHARITABLE ACTIVITIES
Grants payable- Fellowship Payments
Support costslsee note 51
22,375
464,686
1,523,477
1,545,852
464,686
1,723,556
577,388
£487,061
£1,523,477
£2,010,538
£2,300,944

Page 21
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2024
12 Months
2024
Total
Funds
16 Months
2023
Total
Funds
Unrestrlcted
Funds
Restricted
Funds
SUPPORT COSTS
Administrative support
Rent, light and heat
Bank charges
Telephone
Printing, postage and stationery
Depreciation
Insurance
Legal and professional fees
Trust development
Meetings and expenses
Subscriptions and publicity
Website costs
Staff training
Sundry expenditure
Daphne Jackson Trust Conference
Daphne Jackson Trust Fellows Event
Auditors, remuneration - Audit
Trustees and Commlttee
Members costs
343,366
20,000
433
2,456
10,085
3,749
1,642
4,440
15,308
21,154
2,464
677
4,487
3,145
343,366
20,000
433
2,456
10,085
3,749
1,642
4,440
15,308
21,154
2,464
677
4,487
3,145
406,732
26,667
454
2,343
7,882
5,647
2,166
8,068
16,706
16,468
4,030
948
1,870
3,252
62,768
20,985
7,980
20,985
7,980
7,548
2,315
2,315
3,839
£464,686
£464,686
£577,388
NET INCOME
IS STATED AFTER CHARGING
Auditors, remuneration- Audit
Depreciation
7,980
3,749
7,980
3,749
7,548
5,647
TAX STATUS
The Daphne Jackson Memorial Fellowships Trust is a registered charity and is eligible for the exemptions
from taxation available to charities on their charitable activities. No charge to taxation therefore arises.

Page 22
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31" MARCH 2024
WAGES AND SALARY COSTS
The Total amount of employee benefits received by the key management personnel for their services
to the charity for the year amounted to £94,563 {2023 sixteen months: £129,402).
12 Months
2024
Total Funds
16 Months
2023
Total Funds
Gross wages
Em ployer's national insurance costs
Pension contributions
313,849
21,591
9,352
370,790
25,205
10,737
£344,792
£406,732
2024
2023
The average number of employees,
analysed by function was..
No.
FTE
No.
FTE
Administratlon of charitable actlvities
li
li
There were no employees with emoluments {excluding employer pension costs) above £60,000 in this
or the preceding year.
RELATED PARTY TRANSAcfioNS
None of the Trustees received any remuneration during the year under review12023: £ -). Trustees
were reimbursed expenses totalling £2,63512023: £2,208) during the period under review.
io.
FIXED ASSETS
Computer
Equlpment
Offlce
Equlpment
Total
Cost
At 1st December 2023
Additions
23,767
1,310
2,527
26,294
1,310
At 31st March 2024
25,077
2,527
27,604
Accumulated Depreciation
At 1st December 2023
Charge for the year
18,632
3.600
1,929
149
20,561
3,749
At 31st March 2024
22,232
2,078
24,310
Net book value at 31st March 2024
£2,845
£449
£3,294
Net book value at 31" March 2023
£5,135
£598
£5,733

Page 23
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
31st March 2024
Total Funds
31st March 2023
Total Funds
ii.
DEBTORS
Debtors- Amounts due from Sponsors
Other debtors
Prepayments
355,014
694
19,714
118,007
325
20,093
£375,422
£138,425
12.
CREDITORS
Trade creditors
Grant5 payable - Fellowships
Accruals
Deferred income
Other taxes and social securitv
Fellows, consumables
Other creditors
298,781
264,772
14,618
2,043,700
276,781
302,262
15,105
1,531,603
227,765
3,928
102,303
12,277
£2,853,564
£2,240,331
13.
UNPROVIDED COMMITMENTS
As at 31st March 2024 the charity had commitments in respect of Fellowship funding amounting to
£1,466,38612023'. £1,251,401) which remain unprovided for in these account5, there being no binding
legal or constructive obligation to pay over the sums involved as at that date.
14,
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Restricted
Funds
2023
Total
Funds
Unrestrlcted
Funds
Total
Funds
Tangible assets
Net current assets
3,294
549,983
3,294
1,915,965
5,733
1,804,141
1,365,982
£553,277
£1,365,982
£1,919,259
£1,809,874
2023
Restricted
Funds
2021
Total
Funds
Unrestricted
Funds
Total
Funds
Tangible asset5
Net current assets
5,733
550,078
5,733
1,804,141
1,757
1,697,551
1,254,063
£555.811
£1,254,063
£1,809,874
£1,699,308

Page 24
THE DAPHNE JACKSON MEMORIAL FELLOWSHIPS TRUST
NOTES TO THE FINANCIAL STATEMENTS
ST
FOR THE YEAR ENDED 31 MARCH 2024
15.
LEGAL STATUS
The charity Is a company limited by guarantee and has no share capital. The liability of each member
in the event of winding up is £10.
16.
ANALYSIS OF NET MOVEMENT IN FUNDS
2024
Total funds
brought
forward
Transfers
between
funds
Total funds
carried
forward
Total
Income
Total
Expenditure
Unrestrictedfunds
Designated funds
General funds
555,811
170,063
{487,0611
314,464
553,277
555,811
170,063
1487,061)
314,464
553,277
Restrictedfunds
1,254,063
1,949,860
11,523,477) 1314,4641
1,365,982
Total funds
£1,809,874
£2,119,923
£(2,010,538}
£1,919,259
2023
Total funds
brought
forward
Transfers
between
funds
Total funds
carrled
forward
Total
Income
Total
Expenditure
Unrestrictedfunds
Designated funds
General funds
18,000
358,508
18,000
537,811
587,671
191,217
1599,5851
587,671
191,217
1599,5851
376,508
555,811
Restrictedfunds
1,111,637
2,220,293
11,701,359} 1376,5081
1,254,063
Total funds
£1,699,308
£2,411,510
£{2,300,944}
£1,809,874
Designated funds represent amounts set aslde for future use In respect of the Royal Society of
Chemistry. Transfers to and from this fund are made at the discretion of the Trustees.
Restricted funds represent amount held to fund Fellowships.
17.
ANALYSIS OF TRANSFERS BETWEEN FUNDS
Unrestrlcted
Funds
Restrlcted
Funds
Total
Fellowship Support Costs transferred
Transfer in respect of donations received
414,464
iioo,0001
1414,4641
loo,000
£314,464
£{314,464}