OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The J Van Mars Foundation

2025-05-31-accounts

THE J VAN MARS FOUNDATION

Trustees’ Report

and Financial Statements

for the year ended 31 May 2025

Registered Charity Number 1131389

THE J VAN MARS FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

INDEX

Page
Charity information 1
Trustees’ report 2
Independent auditor’s report 4
Statement of financial activities 7
Balance sheet 8
Statement of Cash Flows 9
Accounting policies 10
Notes to the financial statements 12

THE J VAN MARS FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

TRUSTEES’ REPORT

Trustees

Mr G R Berryman (Settlor) Mr J M Buckland (Settlor) Mr W Champion (Settlor) Mr C A J Martin (Settlor) Mr P D Makin Ludlow Trust Company Limited, corporate trustee. The directors of the corporate trustee, company no. 12492064, during the year under review and to the date of approval:

Mr Gary St John Collins Mr Walter Duncan Coxon Mr Ali Reza Sarikhani Miss Ziba Christina Sakine Sarikhani Mr Christopher Ian Thurlow Mr Matthew John Wickers Mr John Stephen Dennis (resigned 25/10/2024)

Principal office

Ludlow Trust Company Limited Tower Wharf Cheese Lane Bristol BS2 0JJ

Registered charity number

1131389

Independent auditor

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Page 1

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

TRUSTEES’ REPORT

The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended 31 May 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

STRUCTURE GOVERNANCE AND MANAGEMENT

The J Van Mars Foundation is a registered charity constituted under a trust deed dated 10 July 2009, and registered as a charity 27 August 2009.

The trust is controlled by the trustees. The power to appoint and remove trustees rests with the settlor trustees during their lifetime and subject to this is exercisable by the trustees from time to time.

On agreeing to become a trustee of the charity, the trustees are thoroughly briefed by the existing co-trustees on the constitution of the Foundation, the day-to-day management, responsibilities of the trustees, the current objectives and future plans.

The trustees have assessed the major risks to which the charity is exposed. The trustees believe that by ensuring controls exist over key financial systems, including Ludlow Trust Company Limited’s systems and controls, they have established effective systems to mitigate those risks.

OBJECTIVES AND ACTIVITIES

The charity’s objects are:

“To further such other objects or purposes which are exclusively charitable according to the law of England and Wales in any part of the world and in such manner as the trustees may in their absolute discretion think fit.”

In pursuance of its objects, the charity’s income, and, at the absolute discretion of the trustees, its capital, is applied in making grants to charitable organisations.

In determining how the charity should pursue its objects, the trustees have had regard to the Charity Commission's guidance on public benefit.

FUNDRAISING STANDARDS INFORMATION

The charity does not actively participate in the raising of funds from the general public, nor does it engage with any parties to do so on its behalf. As such the charity is not bound by any schemes in relation to fundraising.

ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW

During the year under review the charity’s total income amounted to £4,418,070 (2024: £5,944,557) inclusive of transfers £3,244,140 from the expendable endowment fund. Additionally, the charity was in receipt of additions from settlor trustees and associated gift aid to the endowment fund of £6,722,491 (2024: £4,354,908).

Charitable expenditure in the year totalled £4,707,947 (2024: £5,591,701) grants to charitable organisations totalling £4,689,200 (2024: £5,576,997).

At 31 May 2025 total funds were £4,245,301 (2024: £1,106,305), with endowment funds totalling £4,091,118 (2024: £662,245) and restricted funds £94,520 (2024: £419,520) and free reserves of £59,663 (2024: £24,540). Due to the existence of the expendable endowment fund the trustees do not consider that the charity needs to maintain significant free reserves and recognise deficits will arise from time to time due to timing of grant liability recognition.

During the year funds were invested solely in cash deposits.

Page 2

THE J VAN MARS FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

TRUSTEES’ REPORT

PLANS FOR FUTURE PERIODS

The trustees intend to continue the charity’s grant-making activity.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPOINTMENT OF AN INDEPENDENT AUDITORS

For the period under review the charity exceeded the audit threshold and appointed Blue Spire Limited as auditors. Blue Spire Limited have expressed their willingness to remain as auditors of the charity.

Approved by the trustees and signed on their behalf.

David Breach on behalf of Ludlow Trust Company Limited Trustee

Date[30 March 2026]

Page 3

THE J VAN MARS FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

INDEPENDENT AUDITOR’S REPORT

Independent Auditor’s Report to the Trustees of The J Van Mars Foundation

Opinion

We have audited the financial statements of The J Van Mars Foundation (the ‘charity’) for the year ended 31 May 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, 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.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going 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 charity'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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. 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.

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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Page 4

THE J VAN MARS FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

INDEPENDENT AUDITOR’S REPORT

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities, the trustees are responsible for the preparation of financial statements which 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 material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue 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 charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 reasonably 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 laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the Charity and the industry in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As an investment and donation funded grantmaker there is a limitation to areas most likely to have such an effect. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.

Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.

Page 5

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

INDEPENDENT AUDITOR’S REPORT

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Blue Spire Limited, Statutory Auditor 30 March 2026 Date

Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Blue Spire Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 6

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

Income
Funds
Note
£
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
1,133,455
Investments
2
40,475
Other income
3
-
Total
1,173,930
EXPENDITURE ON:
Charitable activities
4
4,382,947
Total
4,382,947
Net income/expenditure)
(3,209,017)
Transfers between funds
11
3,244,140
Other recognised gains/(losses)
Gains/(losses) on foreign exchange
-
Net movement in funds
35,123
RECONCILIATION OF FUNDS
Total funds brought forward (restated)
10, 11
24,540
Total funds carried forward
10, 11
59,663		 Restricted
Funds
£
-
-
-
-
325,000
325,000
(325,000)
-
-
(325,000)
419,520
94,520		 Capital
Funds
£
6,722,491
-
-
6,722,491
-
-
6,722,491
(3,244,140)
(49,478)
3,428,873
662,245
4,091,118		 2025
Total
Funds
£
7,855,946
40,475
-
7,896,421
4,707,947
4,707,947
3,188,474
-
(49,478)
3,138,996
1,106,305
4,245,301		 2024
Total
Funds
£
4,497,419
27,033
2,353
4,526,805
5,591,701
5,591,701
(1,064,896)
-
(128,434)
(1,193,330)
2,299,635
1,106,305

None of the charity’s activities were acquired or discontinued during the above two financial years. The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 7

THE J VAN MARS FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

BALANCE SHEET AS AT 31 MAY 2025

2025 2024
Note £ £ £ £
CURRENT ASSETS
Cash at hand and in bank 4,252,514 1,109,944
Total current assets 4,252,514 1,109,944
LIABILITIES
Creditors: amounts falling due within one year 9 7,213 3,639
Net current assets/(liabilities) 4,245,301 1,106,305
Total assets less current liabilities 4,245,301 1,106,305
Net assets/(liabilities) 4,245,301 1,106,305
THE FUNDS OF THE CHARITY
Capital (expendable endowment) 10, 11 4,091,118 662,245
Restricted funds 10, 11 94,520 419,520
Income 10, 11 59,663 24,540
Total charity funds 4,245,301 1,106,305
The notes on pages 10 to 17 form part of the financial statements The notes on pages 10 to 17 form part of the financial statements
Approved by the trustees and signed on their behalf

David Breach on behalf of Ludlow Trust Company Limited Trustee 30 March 2026 Date

Page 8

THE J VAN MARS FOUNDATION

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

STATEMENT OF CASH FLOWS

Note
£
£
Net cash flow from operating activities (see below)
3,102,095
Cash flow from investing activities
Interest received
40,475
Net cash flow from investing activities
40,475
Net increase/(decrease) in cash and cash equivalents
3,142,570
Cash and cash equivalents at 1 June
1,109,944
Cash and cash equivalents at 31 May
4,252,514
Cash and cash equivalents consist of:
Cash at bank and in hand
4,252,514
Cash and cash equivalents at 31 May
4,252,514
Reconciliation of net income to net cash flow from operating activities
£
£
Net income for the year
3,188,474
Adjusted for:
Interest and dividends
(40,475)
Gains/(losses) on foreign exchange
(49,478)
Increase/(decrease) in creditors
3,574
(86,379)
3,102,095
2025
2025		 £
£
(1,218,231)
27,033
27,033
(1,191,198)
2,301,142
1,109,944
1,109,944
1,109,944
£
£
(1,064,896)
(27,033)
(128,434)
2,132
(153,335)
(1,218,231)
2024
2024		 £
£
(1,218,231)
27,033
27,033
(1,191,198)
2,301,142
1,109,944
1,109,944
1,109,944
£
£
(1,064,896)
(27,033)
(128,434)
2,132
(153,335)
(1,218,231)
2024
2024
(1,218,231)

Page 9

THE J VAN MARS FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

The J Van Mars Foundation is an unincorporated charity constituted under a trust deed. The address of the principal office is given in the reference and administrative details section and the nature of the charity’s operations and principal activities are given in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:

● Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.

VAT

The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.

Taxation

The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities.

Foreign currency

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Page 10

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

ACCOUNTING POLICIES

Cash and cash equivalents

Cash and cash equivalents includes cash at bank and in hand and cash balances within the interest-bearing cash deposits.

Fund accounting

Unrestricted general funds are incoming resources receivable or generated for use in furtherance of the general objects of the charity without restriction.

Expendable endowment funds are those which are required to be invested to produce income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 11

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

1. Donations and legacies
Addition to trust
Gift Aid reclaimed
Donations
Addition to trust
Gift Aid reclaimed
Donations
2. Investment income
Interest receivable on bank deposits
Interest receivable on bank deposits
3. Other income
Album art sales
Album art sales		 Income
Funds
£
-
-
1,133,455
1,133,455
Income
Funds
£
-
-
142,511
142,511
Income
Funds
£
40,475
40,475
Income
Funds
£
27,033
27,033
Income
Funds
£
-
-
Income
Funds
£
2,353
2,353		 Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-		 Capital
Funds
£
6,077,008
645,483
-
6,722,491
Capital
Funds
£
3,047,317
1,307,591
-
4,354,908
Capital
Funds
£
-
-
Capital
Funds
£
-
-
Capital
Funds
£
-
-
Capital
Funds
£
-
-		 2025
Total
Funds
£
6,077,008
645,483
1,133,455
7,855,946
2024
Total
Funds
£
3,047,317
1,307,591
142,511
4,497,419
2025
Total
Funds
£
40,475
40,475
2024
Total
Funds
£
27,033
27,033
2025
Total
Funds
£
-
-
2024
Total
Funds
£
2,353
2,353

Page 12

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

4. Charitable activities

4. Charitable activities
Grants (see note 6)
Support and governance costs (see note 5)
Grants (see note 6)
Support and governance costs (see note 5)		 Income
Funds
£
4,364,200
18,747
4,382,947
Income
Funds
£
5,561,997
14,704
5,576,701		 Restricted
Funds
£
325,000
-
325,000
Restricted
Funds
£
15,000
-
15,000		 Capital
Funds
£
-
-
-
Capital
Funds
£
-
-
-		 2025
Total
Funds
£
4,689,200
18,747
4,707,947
2024
Total
Funds
£
5,576,997
14,704
5,591,701

5. Support and governance costs

5. Support and governance costs
Ludlow Trust Company Limited fees
Independent auditor's remuneration
Independent examiner's fees
Bank charges
Ludlow Trust Company Limited fees
Independent auditor's remuneration
Independent examiner's fees		 Income
Funds
£
15,423
3,300
-
24
18,747
Income
Funds
£
13,060
1,800
(156)
14,704		 Restricted
Funds
£
-
-
-
-
-
Restricted
Funds
£
-
-
-
-		 Capital
Funds
£
-
-
-
-
-
Capital
Funds
£
-
-
-
-		 2025
Total
Funds
£
15,423
3,300
-
24
18,747
2024
Total
Funds
£
13,060
1,800
(156)
14,704

Page 13

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

6. Grants to institutions

One grant and England & Wales unless annotated

Country
No.
ClientEarth
6
Music Support UK
One Tree Planted
USA
3
UP - Unlocking Potential
Other charitable organisations
11
Country
No.
ClientEarth
Ocean Cleanup
One Tree Planted
USA
3
Other charitable organisations
24
Dominican Missionary Sisters of The Sacred Heart of
Jesus CIO		 Income
Funds
£
300,000
93,334
75,000
3,700,866
-
195,000
4,364,200
Income
Funds
£
300,000
1,286,640
3,713,907
261,450
5,561,997		 Restricted
Funds
£
-
-
-
-
300,000
25,000
325,000
Restricted
Funds
£
-
-
-
15,000
15,000		 Capital
Funds
£
-
-
-
-
-
-
-
Capital
Funds
£
-
-
-
-
-		 2025
Total
Funds
£
300,000
93,334
75,000
3,700,866
300,000
220,000
4,689,200
2024
Total
Funds
£
300,000
1,286,640
3,713,907
276,450
5,576,997

7. Auditor's remuneration and examiner's fees

7. Auditor's remuneration and examiner's fees
Auditor's remuneration - audit
Auditor's remuneration - audit
Examiner's fees - prior year over accrual		 Income
Funds
£
3,300
Income
Funds
£
1,800
(156)		 Restricted
Funds
£
-
Restricted
Funds
£
-
-		 Capital
Funds
£
-
Capital
Funds
£
-
-		 2025
Total
Funds
£
3,300
2024
Total
Funds
£
1,800
(156)

8. Related party transactions

During the year under review, additions received from the settlors amounted to £6,077,008 (2024: £3,047,317) with £645,483 (2024: £1,307,591) gift aids claimed.

The charity's corporate trustee, Ludlow Trust Company Limited, invoiced administrative service fees totalling £15,423 (2024: £13,060). These fees are included under charitable activities as shown under note 5 and are authorised under section 6 of the trust deed. At the balance sheet date £3,913 (2024: £1,839) was accrued in respect of these fees.

The Foundation has no employees, all administration being carried out by the trustees.

Other than the fees noted above, no remuneration was paid nor expenses reimbursed to trustees in the year under review.

Page 14

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

9. Creditors: amounts falling due within one year

9. Creditors: amounts falling due within one year
Accruals - auditor's remuneration
Accruals - Ludlow Trust Company Limited fees		 2025
£
3,300
3,913
7,213		 2024
£
1,800
1,839
3,639

10. Analysis of net assets between funds

10. Analysis of net assets between funds
Current assets
Current liabilities
Current assets
Current liabilities		 Income
Funds
£
66,876
(7,213)
59,663
Income
Funds
£
28,179
(3,639)
24,540		 Restricted
Funds
£
94,520
-
94,520
Restricted
Funds
£
419,520
-
419,520		 Capital
Funds
£
4,091,118
-
4,091,118
Capital
Funds
£
662,245
-
662,245		 2025
Total
Funds
£
4,252,514
(7,213)
4,245,301
2024
Total
Funds
£
1,109,944
(3,639)
1,106,305

Page 15

THE J VAN MARS FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

NOTES TO THE FINANCIAL STATEMENTS

11. Net movement in funds
Endowment funds
Young persons restricted fund
Unrestricted funds		 Year ended 31 May 2025 Year ended 31 May 2025
Total funds
brought
forward
£
662,245
419,520
24,540
1,106,305		 Total
incoming
resources
£
6,722,491
-
1,173,930
7,896,421		 Total
resources
expended
£
-
(325,000)
(4,382,947)
(4,707,947)		 Gains/(losses)
on foreign
exchange
£
(49,478)
-
-
(49,478)		 Transfers
between
funds
£
(3,244,140)
-
3,244,140
-		 Total funds
carried
forward
£
4,091,118
94,520
59,663
4,245,301

The Young persons restricted fund arises from a donation received from the charity JJ Van Mars on it's closure to be used on objects of that charity as set out below:

To help and care for young people, so as to develop their capabilities that they grow to full maturity as individuals and members of society, especially but not exclusively those in need by reason of neglect, abuse, homelessness, financial disadvantage or addiction.

In furtherance of this the charity may acquire property and apply that property for the purposes named above, especially but not exclusively by way of drop-in-centres to provide a range of facilities including but not limited to those of education, art, sport, drama, music, psychotherapy, care and accommodation.

In addition the charity may make grants to other registered charities who fulfil these objects either directly or indirectly through the provision of grants in support of similar activities.

The transfer from endowment to unrestricted funds was implemented to provide resources for grant awards in furtherance of the charity's objectives

Endowment funds
Young persons restricted fund
Unrestricted funds		 Year ended 31 May 2024 Year ended 31 May 2024
Total funds
brought
forward
£
2,208,431
434,520
(343,316)
2,299,635		 Total
incoming
resources
£
4,354,908
-
171,897
4,526,805		 Total
resources
expended
£
-
(15,000)
(5,576,701)
(5,591,701)		 Gains/(losses)
on foreign
exchange
£
(128,434)
-
-
(128,434)		 Transfers
between
funds
£
(5,772,660)
-
5,772,660
-		 Total funds
carried
forward
£
662,245
419,520
24,540
1,106,305

Page 16

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

THE J VAN MARS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

12. Comparative statement of financial activities
Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Investments
2
Other income
3
Total
EXPENDITURE ON:
Charitable activities
4
Total
Net income/expenditure)
Transfers between funds
11
Other recognised gains/(losses)
Gains/(losses) on foreign exchange
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
10, 11
Total funds carried forward
10, 11		 Income
Funds
£
142,511
27,033
2,353
171,897
5,576,701
5,576,701
(5,404,804)
5,772,660
-
367,856
(343,316)
24,540		 Restricted
Funds
£
-
-
-
-
15,000
15,000
(15,000)
-
-
(15,000)
434,520
419,520		 Capital
Funds
£
4,354,908
-
-
4,354,908
-
-
4,354,908
(5,772,660)
(128,434)
(1,546,186)
2,208,431
662,245		 2024
Total
Funds
£
4,497,419
27,033
2,353
4,526,805
5,591,701
5,591,701
(1,064,896)
-
(128,434)
(1,193,330)
2,299,635
1,106,305

Page 17