THF. JIMMY DIXON CHARITABLE TRUST ACCOUN'fs TrOR THE YEAR ENDED 31 JULY 2025 Registered Charity Number: 1130915 Hentons Chartej'ed Atcoiintants Stag House Old Lotldon Road Heiiford SG13 7LA THE JIMMY DIXON CHARITABLE I'RUST rilNANCIAL STATfi MENTS FOR THLI YbAR ENDLI D31 JULY 2025 Page Key Persontjel and Advisors Ti'ustee5' Repoit Independent Examination Report Statement of FinanGial A¢tivities Balance Sheet Note5 to the Financial Statements 8-12 TIICI JIMMY DIXON CHARI'fABLC TRUST I the finan¢ial slatemcnts do not accoi'd with those re¢ords,' or > thc financial statements do not cornply with the applicable Fequiremenls concerning the form and content of aty¢ounls set out iii tlie Cliarities (Accounts and Reports) Re8ulatioJis 2008 oilier tlian any requireiiient that Ilie accouiits give a 'true and fair. view whicl) is Jiot a niatter considered as pait of an independent exaniii)atioii I have no coiicerns #nd have Come across no other matters in conne¢tion with the examination to which attention should be drawn in this report in order to enabl¢ a proper und¢￿tandIng of the financial staternents to be reached. Sean W Hiidson ACA Hentons Chartered Accountants Stag Hou5 Old LoJJdot] Road, Hertford, 14erts. SG13 7LA Date.. £ FLIJ 1016 Page 5 JIMMY DIXON C14ARI'fABI,F. TRUS'r STATEI MENT OF filNANCIAL AcfiviTIES riOR THEYEIAR CINDCID31 JULY202S Total Total Note 31.7.2025 31.7.2024 INCOME Investtnent irtcome 56,862 57,421 Total Income £S6,862 £57,421 EXPENDITURE Investment imanagei s fees 9,508 6,828 ChAI'itAble Aclivities.. C05t ofgraiil making 2.759 2,640 Total Expenditure £12,267 £9.468 Nel Iiicoine l (Ei xpenditiii'e) and rtet movement in funds foi. the y¢ai' before gains losses on investment5 44,6595 47.953 Net gains on investtnents 51.531 114,403 Net liicomd(Expenditure) and movement in funds for tlje year 96,126 162.356 Balances brought foTward 1.64L580 1,480.224 Balxnees carried foi'wai'd as at 31 July 2025 £1,738,706 £1.642.580 The total funds are all unrestrided and relate to continuing activities. Page 6 'I'IIL JIMMY DIXON CIIARITABI.E TRUST (Chii'ity tjumbei. 11309141 BALANCE SI.IEIET AS AI. 31 JULY 2025 31 Jul 2025 31 Jul 2024 Notes TANGIBLE ASSL'I'S: Inve51ment5 1,706,459 1,668.278 CURREiYT ASSEI'S: Dcbtors Cash at bank and in hand 11,266 82.025 23,914 93,291 35,228 CRCI Dll'ORS: Amounts falling diie within onc year (61,044) (60,9261 NIIT CURRENT ASSETS/ILIABILITIESJ', 32.247 {25.6981 NET ASSIITS: £1,738,706 £1,642,580 FUNDS: Unrestricted Funds- General £1,738,706 £1,642,580 Approved by the Board of Trustee5 and authorised for i55ue on behalf of the Tru5t¢es'. N Wilkie- Chair C Wadd- Treasurer.......... Date 21 January 2(r26 Page 7 I'IILI JIMMY DIXON CIIARITABLE TRUST NOTES TO TIIE f4liNANCIAL STATCI MINTS riOR THC YCIAR C4NDED 31 JULY 2025 ACCOUNTING POLICIES Basis of pi'epHI'ation And assessment of goillg concei'n Thc Financial 8tatcmen15 have beeji prepaird iiiidtt the historical cost convention with iteims recogiiised at ¢ost or tian5a¢tion value uiil¢ss otherwise stated in Ilie ielevant notcs to these financial siaieineiils. Tlie financial stateimenis have beeii piepaiEd in accoTdan¢e willi thc 5e¢ond edition of the Cliai'itie5 Sialeiiient of Recointnellded Prafyliee issiied in O¢tobcr 2019, the Financial Reporlitig Standai'(l applicable in the lJiiited Kingdom aiid Repiibli¢ of Ireland IFRS1021 and Ilie Charities Act 201 The finaiicial statements have beeji pirpared to give a 'true and fail view and have departed fix)m tlie Cliayities (Accoiints and Reporls) ReBulatio&is 2008 only lo Ilie extent requii'ed to provide a 'ti'iie and fair, view. This deparluir has involved following the Ac¢tsunting and KepoTling by Charities prepai'iiig their accounts in accoiYlat]ce with the I,'inancial Reportlllg Standard applicable in ihe UK and Republic of IrelaDd (FRS1021 issued on 16th July 2014 rather than the Accounting 8tid Reporting by Charili¢s: Statcmejit of Reconiineiided Pi?¢tice cffcctive from 1st Api'il 2005 whscli lias 5in¢e been withdrawn. The Charity ¢onsti(ute5 a public entity as defined by fRS102. The TTUStee5 ronsider that there are no mateTial uncertainties about the ability to continue as a going conceTll. Judgements and key So￿l.ceS of c5timAtioii uncertalnty The preparation of th¢ financial Statements requires management to make judgetnents, estijnates and assuinptions that affect ihe amoujils reported for assets and liabilitie5 as at the balance sheet date and the amounts reported for revenues and ¢xpe115¢s diiring the year. Thc nature of esiimation means that actual out¢omes could dif]er from Iliose cstimatcs. 'I'here were no judgements which have had a sigt]ifiGant effect on amounts recognised in the financial statements. Going eoncern At the time of approving the financial staternents the trustees have 8 reasonable expectation that Ihe charity has adequate re50ur¢es lo continue in opcrational existence for the foiesee8ble future. Thus, th¢ Trustees have adopted the going concern basi5 for the preparation of the financial statements. Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or constnictive obligation cotnmitting the chaFily to the expenditure, it is probable that settlement will be rcquiitd and the arnount of obligation can be measuiEd Irliably. All expendituit is accounted for on an accTuals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditlJTe headings. Grants payable are payinents made to third parties in the fuith¢raD¢e of the chariiable objectives of ihe trust. ID the case of an unconditional giant offer this is acci'ued on¢e the recipient has been notified of the grant awai'd. Gi?nt awards that are subject to the recipient fulfillillg performance Colldiliong drc only accrued when the recipient has been notified of the grant alld any remaining unfulfilled condition atta¢hing to that grant is outside the Control of the Trust. Page 8 'I'IILI JIMMY DIXON CHARI'fAIILI:. 'fRUST NOTES TO I'HE IfiNANCIAI, STATEMENTS FOR THE YEAR ENDEI D 31 JULY 2025 ACCOUNTING POI.ICIES- contliiiicd Ineom¢ I'eeognition All income is iecognised once the charity has eiititlement to the incotne, it is probable that the incoine will be re¢eived and the aniouiit ofin¢ome receivable can be iiieasured reliably. Interest on fuiids held on dep051t is in¢lud¢d when receivable and the amount call be mc&8uied by the cliarity- this 15 noi'mally upon notification of the interesi paid or payable by the bank. Dividends are recognised oiiLe the dividcnd has been de¢lared and notification of the dividelld due has been Teceived froiji oui. inve5tiiieiit advisor. Irrecoverable VAT Irrecoverable VAT is ¢hai'ged agaillst the expenditure heading for which it was incurred. riunds stj'ucture Fiinds held by the charity are unrestricted general funds. These are fund5. which can be used in accoiylancc with the charitable obje¢tives at the discretion of the trustees. ChAI'itable activities Costs of charitable activities Comprise grants payable and goveman¢e c05t5. Allocation of goYernAnce costs Governance costs relating to charitable activities air apportioned based on the number of individu81 g12nt awards made. These cost5 include Iliose costs associated with meeling tlie c0l15titiitional and slatutory requirements of the charity and include ihe Independent Examiiiation fee. Fixed Asset Inve5tment$ Inve5tin¢iits al'e a form of basic finan¢ial instrumcnt alld are initially measured at their Irallsaction value and subsequently mea8ured at thcir fair value as at the balallce slieet date using the closing qlloled mai'ket pric¢. The Statcmcnt of Financial Activities iJiclude5 the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not acquire put option$, derivatives or othci. complex financial instruments. The main fortn of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic ¢onditlOllS and, the attitude of investoJ¥ to inve5ttnent. Reali5ed Galns *nd Losse5 All gaijis and 105ses arc taken to the Staletnent of Activity aq they arisc. Reali5ed gains and losses on investinenls al'e calculated as the differcncc betwccn sales proceeds 8nd their opening ¢ai'rying valtie or their piirGliase valu¢ if acquired subswuent to the first day of the financial year. Ullrealised gains ancl losses dlE calculated a5 the difference between the fair value at tlie year end and their carrying value. Realised and Ullrealised gains and losses air combincd in the Statement of Activities. Debtoj's Trade aiid other debtois are recognised at the settlement amount due afteT any trade discount offered. PIEpaynients are valiied at thc ainount prepaid net of any trade discount due. Cish At bAnli And in hand Ca511 at bank and cash iii hand includes Cash and short teiTh highly liquid investments that air readily cojiveitible to known amoiiiils of cash and are subjcct to an insignificant risk to Changes in value. Page 9 1-111 JIMMY DIXOIY CIIARITABLE'fRUST NOTES TO THE FINANCIAL STATEMEINTS riOR THE YJLAR CINDC4 D31 JULY 2025 ACCOUNTING POI,ICIES- eoiJtÉnued ci.edito￿ and provisions Creditors and provisions ale recognised wheiE the cliarity ha5 a PTesent obligaliot] resiilting fi￿11] a past evcnt that will probably I'esult in the li-anbfer of fLiiids to a third party aiid the amount diic to settle the obligation ¢8n be rnea5ured oi. estimatcd reliably. CieditoiE and provisions al'e norinally I'eeognised at their sctilcmciit amount after allowing for any (12de discounts due. FingnciAI instruments Tl]e charity only has financial assets and finan¢ial liabililies of a kind that qualify as basic fjnancial instruments. Basic fit]an¢ial instruments are initially i'ecogiiised at transaction value and subsequently measured at amoriised cost using the effective interest nieihod. Fiiiancial assets Iicld at amortised costs coinprise debtors artd cash at baiik and in hand. Finan¢ial liabilitie5 held at aTnoitised ¢osls comprise otlier creditor5 aiid a¢¢ruals. Inve%tmcnts hcld as part of an investment portfolio are held at fair value as at the Balance Sheet date with gains and losses beinE recognised thi.ough income and expenditure. A$ at the Balallce 5hee¢ date the, the charity had financial assets held at fair value fhiDugh in¢om¢ and expenditure of £1,706,45912024.. £1,688,278). INVEI STMEIYT INCOME Total 2024 In¢tsm¢ from listed investment5'. Global equities and common invcstment funds 56,380 56.360 Other interest receivable 482 1,061 £56,862 £57,421 ANALYSIS OF CHARITABLE AcfivITY GRANTS PAY ABLL 2025 2024 The charity uodertake8 Its chaTltable a¢tivities through grant making and awarded gi?nts in the year to the following institution.. The Federation of London Youth Clubs.. Support for Youth involvement projects and Youth Clubs A Ihree-year grant was awai'ded lo The Fede12tion of London Youth Clubs in the year ended 31 Jiily 2023 and accounted foi. during that financial year. No 8raiit5 weTe paid to individua15 in the period Page 10 I'IIIP..IIMMY DIXON CIIARITABK.F. TRUS'r NOI'ES TO TIIE f4lNAIYCIAL STATCMF.NTS FOR THE YEIAR CINDIID31 JULY 2025 ANALYSIS OF CIIARII'ABLC AcfiviTY- continued Funded fj'om unj'esti'ieted reserves GrAiit GoveriJart¢e Costs Siippoi't Total 202S Total 2024 Activity Education 2,700 59 2,759 2,640 59 other support cost5 comprise of Bank charge5 only12024 Support costs; Bank cliaTges £60). GOVLI RNANcf. COSTS TotAI 2025 2024 Independenl examiiiation.. Curreiit yeai. Independent examiiiation fee 2.70 £2.700 2.580 £2.580 FIXED ASSET INVESTMEN'rs Listed I￿vestMentS 2025 2024 Market value at I. August 2024 1,665,217 ,546,851 Additions iii the year 911,867 Disposals in the year {8,353) 1907,5141 Net movemet)t gain￿{]0$sesI 49,273 114,013 Market value at 31° July 2025 Cash held by investment managei's for investment ,706,137 322 1,665,217 3.061 1706.459 1668 278 Cost of listed investments at 31W July 2025 £1296 403 £1304756 Listed investments at market value compri5e'. 2025 2024 Comillon Investment Funds Cash lield by Tnvestment InanageTS 1,706,137 322 1,665,217 3,061 £1,7O6.4S9 £1,668,278 Pagell I'FIE JIMMY DIXON CHARI'fABI.F, TRUST NOTES TO THE FINANCIALSTAI"LiMCINTS FOR THE YEAR LNDLID31 JULY 2025 DEBTORS 2025 2024 Prepayments and a¢¢rued income 11,266 11 J14 £11,266 £11,314 CRIDITORS: Amounts falling due withiji one y￿r 2025 2024 Grants payable Accruals 58,344 2,700 58,344 2,580 £61,044 £60.924 TRUSTEES REMUNERATION AND EXPENSEI S DuTing the period no trustee received any remuneiation or was reinJbursed any expenses. RELA'I'ED PARTY TRANSAcfIoNS During the year to 31° July 2023 the cliaTity approved grants payable to The Federation of London Youth Clubs, then a COTPOlilte iruslee to tlie charity* amoiinting lo £218.144. As at 314 July 2Q25 £58.344 (2024.. £58.3441 of the grants ren)aintd oulstaiiding to be paid. the rcmaiiiing arnount outstanding was paid in August 2025. The Federation of Lolldon Youth Clubs Tesigned as a corpoi'ate trustee of the charity on 24, May 2023. 10 srAFf COSTS The Trust does not have any employees. Page 12