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
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1910812025
COMPANIES HOUSE
A15
#220

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 charit￿5
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
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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.
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