Company Registration No. 071064481England and Wales) THE JESSICA MATHERS TRUST (A company limlted by guarantee) REGISTERED CHARITY NO. 1133674 DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 illlllllllll *AE9ATOQJ' 1910812025 COMPANIES HOUSE A15
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THE JESSICA MATHERS TRUST (A company Ilmlted by guarantee) CONTENTS Page Legal and Administrative Information Directors, Report Independent Examiner's Report Statement of Financial Activities {Includin8 an income and expenditure account) Balance Sheet Notes to the Financial Statements 9-14
THE JESSICA MATHERS TRUST (A company Ilmlted by guarantee) LEGAL.AND ADMINISTRATIVE INFORMATION Charlty Status Registered in England and Wales Charity Number 1133674 Registered OFfice 2 Croyde Close Sidcup England DA15 8DU Website Address www.thejmt.co.uk Company Number 07106448 Trustees and Dlrectors Stephen Mather5- Chalr Amelia Cook Samuel Hollins Anna Mathers Jannet Mathers Alexander Mansfield Miranda Solly Socretary Anna Mathers Investment Adviser Gemmell Financial Services Ltd 9 Sandridge Park Porters Wood St Albans Hertfordshire AL3 6PH Bankers The Co-operative Bank PO Box 250, Delf House Southway Skelmersdale WN8 61h Independent Examiner Dominique Wells FCA 10 Lake5wood Road Petts Wood Kent 8R5 IBJ Page I
THE JESSICA MATHERS TRUST (A company limited by guarantee) DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Direttors are pleased to present their report, together with the financial statements of the Charity for the period I January 2024 to 31 December 2024, which also represents the Trustees, report that is required to be prepared under Part 8 of the Charitles Art 2011. The Directors of the Charity are Its Trustees for the purpose of charity law, as set out on page I, and throughout the financial statements are collectively referred to as the Trustees. The financial statements have been prepared in accordance with the accounting policies Set out on pages 9 and 10 and with applicable United Kingdom accounting standard5, current statutory requirements, the Charities Act 2011, the Companies Act 2006, 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 Republlc of Ireland (FRS 102) {effective l January 20151 and the Charitvs governing document. Legal and administrative information set out on page I forms part of this report. Objertlves and Artivities (including publlc benefltl The Jessica Mather5 Trust {"JMT"I was founded in memory of Jessica Mathers by her family Stephen, Jannet and Anna, Jessica Mathers died in a road accident in 2CX)7. The objerts of the JMT as stated In the Articles of Association are "specifically restricted to promote or carry out such purposes which are charitable in law according to the law5 of England and Wales as the Trustees in their absolute discretion from time to time think fit." In furtherance of these charitable purposes, our alms are "Firstly to support people who are struggling with life, particularly when this is due to homelessness, a premature bereavement or the challenges of adolescence. Secondly to help develop the local community in Deptford and to protect and sustain the wider natural environment." We have referred to Section 17 of the Charities Act 2011 and to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future artivities. In particular, the Tru5tee5 consider how planned activities will contribute to the aims and objectives they have set. We continue to work primarily with Bench Outreach (Charity No 10779331 that engages with homeless people in the Oeptford area, who we have supported from the start. A¢hlevements and Performance The JMT'5 main asset is Jessica'5 Heart, a building in Deptford that we converted into four flats and a suite of offices. We have supported Bench Outreach by making the offices, meeting rooms and facilities available to assist them in furthering their charitable purposes. Sadly in June 2024 Declan Flynn, the CEO of Bench Outreach, passed away. He had been the heart and soul of Jessica's Heart, helpin8 to look after the flats as well as managing 8ench, and his passing prompted a full review of our and Bench's operations. The Trustees decided to retain Jessica's Heart, but to adlust the relationship with Bench, Page 2
THE JESSICA MATHERS TRUST (A company limited by guarantee) DIRECTORS. REPORT (CO.NTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 8elinda Wallace has taken over as CEO of 8ench Outreach and in March 2025 the JMT and Bench signed a new year-tO- year tenancy agreement. The lease remains rent free, but Bench will rK>W pay for all the¢r utilities and other office expenses. The flats on the upper floors are rented out to provide income to the JMT. Any rental Income remainlng after the costs incurred in running the offices and the sum designated to cover maintenance and the long-term upkeep of the building .15 available.toA.urther support Bench Outreach or any other char.ity whose aims are.consistent with those of the JMT, Donations to the JMT have enabled us to become mainly a 8rant making charity and our deslre is to make grants of up to £IIO,000 a year to chosen beneficiaries. Grants awarded during the yearfall broadly into four categorFes:. 2024 £24,000 £25,500 £42,700 £1,250 2023 £24,000 £25,000 £31,200 £1,000 Homelessness Bereavement Other life challenges Environment And into three geographic regions:. 2024 £44,700 £15,500 £33,250 2023 £33,200 £13,500 £34,500 Local to DeptFord & SE London Another location Nationwide UK The total grants made during the yearwere £93,450 {2023: £81,200) and a full Ilst of recipients ap.pears within Note 6 in the accounts. Flnanclal Revlew and Reserves Pollcy The result for the year Is a surplus of £41,356 (2023.. deficit £2,295), Income from the rental of the flats plus donations and unrealised investment gain5 exceeded expenditure on grants and expenses. The investment property was revalued during the year, but Its value is unchanged due to the flat property market (2023: unchanged). There is £393,940 {2023: £393,940) in the unrestricted fund in relation to the unrealised 8ains on the investment property. Financial Statements Whilst all assets, with the exception of Jessica's Heart and the designated fund, are available to be dispersed in grants, the policy of the Trustees is to keep up to £50,000 in cash and to invest any balance. Funds are invested directly into a range of 'sustainable' unit trusts on the James Hay platform, taking independent financial advice from Gemmell Financial Serlices Ltd. The portfolio shows a net gain for the year of £67,36312023: gain of £44,852}. Page 3
THE JESSICA MATHERS TRUST IA company limited by guarantee) DIRECTORS, REPORT (CO.NTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The charivs reserve policy is to carry a designated fund to cover maintenance and the long-term upkeep of Jessica's Heart, of which there is £98,842 carried forward12023: £106,969). This is deemed sufficient as there are minimal operating costs. Plans for Future Perlods Our first priority is to keep Jessica's Heart fully utilised and to make the offices and meeting room a pleasant environment both for visitors and those who work there, The current economic state has made it even more difficult than usual for all charities, with extra demand for their sep4ices and sometimes fewer donations coming in. We have been receiving an exceptionally large number of requests for funding from excellent charities and are having to be more selective in which we sUPPOrt. This year we again plan to give mainly to the charities we supported in 2024. The extra budget allocatlon will mainly go to Bench Outreach in exchange for them paying all their office costs, Therefore we will only be able to consider a small number of new donations to other charities that meet our aims and we will concentrate this mainly on charities based in SE London. Structure, Governance and Mana8ement The Jessica Mathers Trust was established as a company limited by guarantee and registered in England & Wales on 16 December 2009, and is governed by its Memorandum & Articles of A550ciation. It was re81Stered with the Charity Commission.on.22 January 2010, To date all the Trustees (who are Directors for the purposes of the Companie5 Act) have been recruited from those who knew Jessica well and were keen to celebrate in her memory, and also on the basis of their skills, experience and their potential contribution to the organisation both currently and in the future. They have all received copie5 of the charitvs governing documents and booklets published by the Charity Commission on the role and duties of trustees. The fourteenth annual general meeting of the JMT was held on 20 November 2024. Actording to the Articles of A550ciation of the JMT at each annual general meeting one-third of the Trustees must retire from office, with the Trustees retiring by rotation being those who have been longest in office since their last appointment. Retiring Trustees are eligible for re-appointment. Miranda Solly and Amelia Cook so retired and both offered themselves for re- appointment. Miranda and Amelia were re-appointed unanimously by the members of the JMT. All Trustees give their time freely and no Trustee remuneration was paid in the period. During the perlod covered by this report the Trustees held two meetings, apart from the AGM. The strategic plans are determined by the Board of Trustees and all Trustees now have a role in the day-to-day running of the charity. The JMT has no employees. A Trustee is entitled to be paid reasonable and proper remuneration for any goods or service5 supplied to the JMT only if it is permitted in accordance with, and subject to the conditions in. Section 185 of the Charities Art 2011. No conflicts of interest have arisen and any conflicts of interest would be disclosed by the Trustees. Page 4
THE JESSICA MATHERS TRUST (A company limited by guatantee) DIRECTORS, REPORT (CO.NTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees have considered the major risks to which the JMT is exposed and have reviewed those risks to establish systems and procedures to manage those risks. In particular the Trustees have obtalned full buildings and public liability insurance for Jessica's Heart. The Trustees consider that a major risk to the charity is if any of the f lats remain unoccupied for a prolonged period and have a full- senlice contract with Keaton5, a London estate agent, to minimise this risk. Trustees Responslbllltles In preparing these accounts, the tru5tee5 are required to: select suitable accounting policies and apply them consistentlv make judgements and estimates that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statement .prepare the financial statements on the going concern basi5 unless it is inappropriate to .presume that the organisation will continue to operate. The trustees are responsible for keeping proper accounting records that di5c105e with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companles Act 2006. They are also responsible for safeguarding the tharity's assets and taking reasonable steps to prevent or detect fraud and breaches of law and regulation. So far as each of the Trustees is aware, there is no relevant information that has not been disclosed to the charit5 examiner and each of the trustees believes that all step5 have been taken to make her aware of any relevant audit ,information and to establish that the examinerha5.been.made aware of this information. 8y order of the Trustees Stephen Mathers 2025 Page 5
THE JESSICA MATHERS TRUST IA company limited by guarantee) INDEPENDENT EXAMINER'S.REPORT TO THE DIRECTORS OF THE JESSICA MATHERS TRUST I report on the financial statements of the company for the year ended 31 December 2024 as set out on pages 7 to 14. Thi5 report 15 made solely to the charity's trustees, as a bodys in accordance with the Sertion 145 of the Charities Act 2011. My work ha5 been undertaken so that I might state to the charity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a bodyi for my work, for this report, or for the opinions I have formed. Respective responsibilities of trustees and examlner The charitsls trustee5 (who are a150 the directors of the company for the purposes of company lawl are responsible for the preparation of the financial statements. The trustees consider that an audlt Is not required for the year under Section 14412) of the Charities Act 2011 Ithe'2011 Act,) and that an independent examination is needed. Havln8 satisfied myself that the charity is not subject to audit under company law and is eljgible for independent examination, it is my responsibility to:
examine the financial statements under Section 145 of the 2011 Act; to follow the procedures laid down in the General Dirertlons given by the Charity Commission under Sertion 145(5llbl of the 2011 Act; and to state where particular matters have come to my attention. Basls of Independent examinerfs report My examination was carried out in accordance wlth the General Direction5 given by the Charity Commisslon. An examination includes a review of the accounting records kept by the charity and a compari50n of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair viev/ and the report is limited to those matters set out in the statement below. Independent ¢x•mln¢rfs statement In connertion with my examination, no matter has come to my attention: al which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 386 of the Companies Act 2006; and to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the Section 396 of the Companies Act 2006 and with the methods and principle5 of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met. or bl to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Dominique Wells FCA Chartered Accountant 10 Lakeswood Road Petts Wood Kent 8R5 18J Date: Is&A¥usl 2025 Page 6
THE JESSICA MATHERS TRUST (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (Includlng an Income and expendlture account) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlrted funds ---- Notes Total funds 2024 Total funds 2023 General 2024 Designated 2024 Income: Donation5 and legacle5 Investment income 60,746 50,008 60,746 50,008 2,258 54,352 Total incorne 110.754 110,754 56,610 Expendlture: Expenditure on raisin8 funds Expenditure on charitable activities 6,313 20,550 26,863 7,938 108,071 1,827 109,898 95,819 Total expenditur• 114,384 22.377 136,761 103,757 Net income/(expenditure) before transfers Transfers between funds (3,6301 .(14,2501 122,377) 14,250 126,007) {47,147) Net income and net movement in funds before galns and losses on investments 117,880) 18,127) 126,007) 147,147) Net gains on investment property Net gains/llosse5) on listed investments li 67,363 67,363 44,852 Net galns1(losses) on Investments 67.363 67,363 44,852 Net movement on funds 49,483 (8,1271 41,356 12,295) Re¢on¢lliallon of fund$ Total funds brought forward 2,420,485 106,969 2,527,454 2,529,749 Total funds carried forward 14 2,469,968 98,842 2,568,810 2,527,454 Page 7
THE JESSICA MATHERS TRUST (A company Ilmited by guarantee) BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes .Flxed Assets Tangible assets Investments.. Investment property Programme related investmer 10 Llsted investments li 1,170,000 661,088 705,448 1,170,000 661,088 678,085 2,536,536 2,509,173 Current Assets rjebtors Cash at bank and in hand 12 14,416 22,430 750 22,419 36,846 23,169 Creditors: amounts falling due within one year 13 (4,572) {4,8881 (4,5721 (4,8881 Net current assets 32,274 18,281 Total net assets 2,568,810 2,527,454 Represented by:" Unrestricted income funds: GenÈral Designated 14 14 2,469,968 98,842 2,420,485 106,969 Total fvnds 2.S68.810 2.527.4S4 For the financial year ended 31 December 2024 the company wa5 entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities (l) The Trustees have not required the company to obtain an audit of its financial statements for the period in question in accordance with Sertion 476; (li) The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respert to accountin8 records and the preparation of the financial statements. Under Section 454 of the Companies Act 2006, on a voluntary basis, the trustees ¢an amend these financial statement5 if they subsequently prove to be defertive. These financial statements have been prepared in accordance with the special.provisions relating to small companie5 Wlthin Part 15 of the Companies Act 2006 and with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102}. The accounts were approved by the 8oard on .. ... ......... 2025 and signed on their behalf bv.. Stephen Mathers Jan t Mathers Company registered No. 07106448 Charity registered No. 1133674 Page 8
THE JESSICA MATHERS TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aeeountlng policies 1.1 Basis of preparation The charity is a public benefit entity. The financial statements are prepared under the historical cost convention and 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 IFRS 1021 leffect4ve l January 20151- {Charities SORP4FRS 10211, the Companies Act 2006 and the Financial Reporting Standard applicable to UK and Republic of Ireland IFRS 102). The charity has taken advantage of the exemptlon to prepare a Statement of Cash Flows as per Update Bulletin l of the Charity SORP (FRS 102) February 2016. 1.2 '1n¢ome lil Donations Income from subscription5 and donations are included in incoming resource5 in the period to which they relate. 1111 Income tox credits recoverable on donotions Tax credits are accrued when receivable by the charity. (iiil Gift5 and intangible income Income from these sources is included in the period in which it is received and valued at a reasonable estimate of the value of the gift or servlce provided. Ilv) Investment income Interest is included when receivable by the charlty. Rent is accrued when r.eceivable and r.epresents income.from.the char.ity's investment pr.operties. Iv) Legacy Income Entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been Eranted, the estate has been finalised and notification ha5 been made by the executorlsl to the charity that a distributlon will be made, or when a distribution is received from the estate. Receipt of a legacy, In whole or in part, is only considered probable when the amount can be measured reliably and the charity ha5.been notified of the executor's intention to make a distrlbution. Where'legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. 1.3 Expendlture Expenditure in the statement of financial activities are dealt with on the accruals basis of accounting and are classified as follows:. (il Expenditure on raising funds This comprises all costs incurred by the charity relating to the raising of fund5 to finance Its charitable objectives. 1111 Expenditure on charitable activities This comprises grants made by the charity to institutions and support costs which comprlse all costs associated with the running of the charity's office. and any other cost5 not attributable to the above headings. 1.4 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets (other than freehold land) at rates calculated to write off the cost less estimated residual value of each a55et over its expected useful life as follows: Office Equipment - 25% straight line Page 9
THE JESSICA MATHERS TRUST (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 All expenses of a capital nature below £1,000 are not capitalised and are expensed in the statement of financial activities. Tangible fixed assets are subject to an annual impairment review. 1.5 Investment propertles Investment properties are accounted for in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102> (effective l January 20151 and the Charity's governing document as follows: No depreciation is provided in respett of investment properties as they are revalued annually. Unrealised gains and losses on revaluation of the investments are included on the face of the Statement of Financial Activities {including an income and expenditure account). The treatment as regard5 to the company's investment properties mav be a departure from the requirements of the Companies Act 2006 concerning the depreciation of assets. However, these properties are not held for consumption but investment and the directors consider that Systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary to give a true and fair view. Oepreciation or amortisation is only one of many factor5 reflected in the annual revaluation and the amount which otherwise have been shown cannot be separately identified or quantified. 1.6 Programme related investments Programme related investments are stated at cost le55 any impairments. Programme related investments are subject to an annual impairment review. '1.7 Usted Invertments Listed investments are stated in the financial Statements at fair value. Realised gains and losses on the sale of investments are calculated as the difference between the sale proceeds and the original cost, Unrealised galns and losses are included on the face of the Statement of Financial Activities lincluding an income and expenditure account). Listed investments are held primarily to provide an investment return for the charlty. 1.8 Funds General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds ar.e unrestr.icted.funds .which have.been set aside by.the.tr.u5tee5.for a specific purpose. The purpose and use of the designated funds are in relation to the maintenance and the long term upkeep of the building. Transfers are made to the designated fund from the general fund to cover de5i8nated expenditure where necessary. Any funds receivable durlng the relevant accounting year but not utilised are car.ried fonvard as part of the total charity funds. 1.9 Debtors and creditors Trade and other debtors are recognised at the settlement amount due after any trade discount Is offered. Prepayments are valued at the amount prepaid net of any discounts due. Creditors and provisions are recognised where the charity ha5 a present obligation resulting from a past event that will probably result in thè transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowingfor any trade discounts due. Page 10
THE JESSICA MATHERS TRUST (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Oonations and le8acles 2024 2023 Donations recelvable Income tax credits recoverable on donations Legacy 48,741 12,005 2,980 278 11,0001 60,746 2.258 Investment Income 2024 2023 Rental income Interest received 49,850 158 53,400 952 50.008 54,352 Expendlture on charltable a¢tlvities 2024 2023 Grants (Note 6) sup.port cost5.INote 5) 93,450 16,448 81,200 14,619 109,898 95,819 Supporr costs 2024 2023 Independent examiner's fee Insurance Utllities Kitchen .Rates Sundry 1,000 1,298 7,876 2,010 2,131 306 1,000 1,336 6,294 1,950 1,371 391 Fees- De518nated fund 1,827 2,277 16.448 14,619 The 5UPPOrt costs arise primarily in relation to the rental artivity. Page 11
THE JESSICA MATHERS TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants 2024 2023 Bench Outreach Good Grief Project Childhood Eye Cancer Trust Inquest Joshua Orphan & Community Care 2000 Community Artion Centre Free to be Kids Deborah Ubee Trust Alice's Escapes AHOY Centre 8rake Road Victims Trust Survivors of Bereavement by Suiclde Let Me Know Bede Housing Assoclatlon Entelechy Arts Forest of Avon Insight Llghthouse Supporting women through stormy time Lullaby Trust Rlsing Sun Safe Families SupportLine The Harbour TLC Foundation Ashdon Ja2z Academy Support after Murder and Manslaughter Arts Emergencv Ditch the Label Lewis-manning Hospice Care Living Paintings 24,000 12,000 5,000 5,000 5,000 5,000 5,000 5,000 3,000 2,000 2,000 1,500 1,500 1,500 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,200 1,000 24,000 12,000 5,000 5,000 5,000 4,000 3.000 2,000 2,000 1,500 1,500 1,000 1,000 1,000 1,000 1,000 1.000 1,000 1,000 1,000 1,000 1.000 1,200 1,000 1.000 1,000 1,000 93,450 81.200 Trustees. remuneratlon. trustees, beneffts and staff costs There were no employee5 during the current or prlor apart from the Trustees and secretary, none of whom received any remuneration. No trustees {2023: nil) had expenses reimbursed during the current or prior year. Tangible fixed assets Office Equipment C05t as at l January 2024 and 31 December 2024 6,311 Depreciation as at l January 2024 and 31 December 2024 6,311 Net book value as at 31 Oecember 2023 and 31 December 2024 Page 12
THE JESSICA MATHERS TRUST (A company Ilmlted by guaranteel NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investment property- freehold Valuation as at l January 2024 and 31 December 2024 1,170,000 The directors consider the valuation of the investment property to have remained unchanged. The directors consider this valuation to be accurate and.to reflect the current market value as at 31 December 2024. Operating leases as lessor The charity lease5 Out four flats under separate 12 month assured tenancy agreements that may include break clause. The future minimum lease.pa.yments, all with one.year, are as follows: 31 December 2024 31 December 2023 38,500 21,950 Although the risks associated with the rlghts that the JMT retains in underlyin8 assets are not considered to be slgnificant, the JMT attempts to minimise those risks by ensuring that all contracts Include clauses requiring the lessee to compensate the JMT when a property has been subjected to damage or exces5 wear and tear during the lease term. 10 Pro8ramme related Investments- freehold Cost as at l January 2024 and 31 December 2024 661,088 The programme related investment is the office space provided to Bench Outreach and is included at cost in the financlal statements. 11 Llsted investments 2024 2023 As at l January 2024 Additions Disposals Unrealised galns/{losses) on revaluation 678,085 558,233 75,000 140,000) 67,363 44,852 As at 31 December 2024 705,448 678,085 Page 13
THE JESSICA MATHERS TRUST (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Debtors 2024 2023 Accrued income Other debtors 12,Ci15 2,411 750 14,416 750 13 Creditors: amounts falling due within one year 2024 2023 Accruals 4,572 4,888 14 An•lysls of net assets between funds Unrestrlcted funds - Total unrestrlcted funds General Oeslgnated Fund balances at 31 Oecember 2024 are represented by: Investments Current assets Liabilities 2,437,694 36,846 (4,572} 98,842 2,536,536 36,846 (4,5721 Total assets 2,469,968 98,842 2,568,810 15 Taxatlon The charitable company is a registered charity and is generally exempt from income tax and capital gain5 tax. Irrecoverable VAT is included in the cost of those items to which it relates. 16 Related party tr•nsactlons The total aggregate amount received from related parties with no conditions attached was £48,018. 12023- £.{1,00011. 17 Control There is no ultimate controlling party. Page 14