NICK JENKINS FOUNDATION
(a Company Limited by Guarantee)
REPORT AND UNAUDITED ACCOUNTS
YEAR ENDED 31 MARCH 2024
Charity number: 1135565

NICK JENKINS FOUNDATION
INDEX
Year ended 31 March 2024
Page
Report of the Trustees including directors réport
Independent Examiners, report
Stslement of financial activilies
(including income and expenditura account)
Balance sheet
Notes to the financial statements

NICK JENKINS FOUNDATION
REPOR T OF THE TRUSTEES
Year ended 31 March 2024
The Trustees present their report and financial statements for the year ended 31 March 2024. The
financial statements have been prepared in accordance with the accounting policies set out on page 7 and
8, wilh the Companies Act 2006 and the Accounting and Reporting by Chariti8s.' Statemenl of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
The Nick Jenkins Foundation is a company limited by guarantee and became a registered charity on le
April 2010.
Structurei governance and management
The names of the directors who served throughout the year are ststed on page 3. The directors of the
comp8ny are also charity Trustees for the purposes of Charity law.
The liability of each guarantor in the event of a winding up is limited to £1. At 31 March 2024 there were
three guarantors, N D Jenkins, A C Jenkins and R C Rafferty.
The Nick Jenkins Foundation is governed by a board of Trustees who meet quarterly to discuss the
charity's strategy, including grant making, investment, risk management, policies and performance. The
board currently consists of three Trustees listed as directors on pag8 3. New members of this board will
be selected and appointed by existing Trustees. New Trustees are provKled with guidance as to their
responsibilitie8 from existing Trustee8,
The Nick Jenkins Foundation is governed by Memorandum and Articles of Association dated 5 March
2010. Application of income of Ihe charity is limited to the promotion of its objects. Decisions are made
by simple majority of votes cast at a meeting of the Trustees.
ObJoGt• and a¢tivlti•$ for tho public bon•flt
Thè Nick Jenkins Foundation is a grant giving charity fundèd Éntirely by Nick Jenkins, the charity's
Founder and Chair of Trustees.
The charity's main object is the improvement of health, education and welfare of children In Ihe UK and
worldwide although a proportion of the funds are used to support other causes as determined by the
Trustees from time to lime,
The Nick Jenkins Foundation actively seeks projects to fund and does not accept unsolicited applications
for grants.
The policy of the charity is to continue to apply the Unrestricted Funds for general charitable purposes in
furtherance of the main objective and to make available the Expendable Endowment Funds to ischool
Africa for the provision of education and to empower teachers and students by giving them access to the
world's mosl advanced educational technology and classroom practices.
The Trustees, having regard to the Public Benefit Guidanc8 published by the Charity Commission in
accordance with section 17 of The Charities Act 2011, consider that Ihe purpose and activities of the Nick
Jenkins Foundation satisfy the ￿qu1￿ments of the public benefit test set out in section 4 of the same Act.
Achlevementa and p•rformance
The total amount of grants awarded this financial period was £19,000 (2023 - £7,000). This sum was
distributed across the charities stated in note 4. 4 grants were awarded to institutions in the year ended
31 March 2024 (2023- 4) in line wilh the main cbjective to improve the health, education and welfare of
children in the UK and Worldw￿e.
During the year ended 31 March 2021, the charity purchased 3,972.984 shares of the Mwabu Group Lld.
as part of a rights issue, for a price of £100,000. Following continued disappointing perfomiance the
shares value have been fully impaired in the year.

NICK JENKINS FOUNDATION
RE POR T OF TH E TRUSTEES (continued)
Yoar ondod 31 March 2024
Flnanolal revlew and ro8erv88 policy
The directors have taken advantsge of the exemption from audit conferred by section 477 of the
Companies Act 2006 and the accounts for the year are unaudited.
The Trustees note that a surplus of £3,365 existed within the unrestricted reser4es.
The accounts are set out on pages 510 11.
The charity has no signrficant recurring overheads and therefore has no need to maintain r8serve8 at a
particular level in order to ensure its continued op8ration,
The charity received £26,750 in donations12023 - £12,000) during the year.
Futur• d•velopm•nts
The Trustees will continue with the primary objective of improving the health, education and welfare of
children in the UK and worldwide. In addition the Trustees will make other grants as th8y see fit.
Rl8k managoment
The Trustees have assessed the major risks lo which the charity is exposed, in particular those related to
the operations and finances of the charity, and are satisfied that systems are in place to manage the
exposure to the major risks.
Golng Conc•rn
As at the date of approval of these financial statements, the Trustees have prepared the financial
statements on thé going concern basis. In assessing whether Ihe going concern basis is appropriate, the
Trustees have reviewed the charity's ability tc fundraise and ils ability to meet its liabilities as they fall due.
On completion of their review, the Truste8s are satisfied that the charity has sufficient liquid resources to
ccvar liabilities falling due for a period cf at least 12 months after the date of approval of the financial
statements and that, as the charity is solely funded by Nick Jenkins, the charty's ability to fundraise wlll
not be materially impaired.
Ref?Tgn¢• and admlnlstratlve dots118
Dlre¢torB and Tru8to08
N D Jenkins
A C Jenkins
R C Rafferty
R•gi6t8red and prlnclpal off ic•
Stockton House
Stockton
Warminster
BA12 OSQ

NICK JENKINS FOUNOATION
RE POR T O F TH E TRUSTEES {continued>
Y•ar ended 31 March 2024
Charlty number
1135565
Company registration number
07179995
Indep8nd•nt Examlner
Suzanne Rose
Dixon Wilson
22 Chancery Lane
London
WC2A 1LS
Bankern
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Trust008' respon8iblllt108 In rolation to tho finanelal 8tat•ment8
The charity Trustees are responsible for preparing a Trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting standards.
The law applicable to charities in Englend and Wales requires Ihe charity Trustees to prépare financi85
statements for each year which give a true and fair view of the state of the affairs of the charity and of the
incoming resources and application of resources of the charity for that period. In preparing the financial
statements. the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material
departures that must be disclosed and explained in th8 financial statement5;
prepare the financial statement5 on the going concern basis unless it is inappropriate to presume
that the charity will continue in buslness.
The Trustees are responsible for keeping proper 8ccounting records that disclose with reasonable
accuracy at any tim8 the financial position of the charity and to enable them to ensure that the financial
statemants comply with the Charities Act 2Q11, the applicable Charities (Accounts and Reports)
Regulations, and the provisions of the Trust deed. Th8y are also responsible for safeguarding the assets
of the charity and taking reasonable steps for the prevention and delection of fraud and other irregularities.
Declaratlon
The Trusl de
e that they have approved the Trustees, report above.
Ifoft
ard
NOJ
NKINS
2024

NICK JENKINS FOUNDATION
INDEPENDENT EXAMINERS
REPOR T
Year ended 31 March 2024
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE NICK JENKINS FOUNDATION
I r8POrt to the Trustees on my examination of the accounts of the Trust for the year ended 31 March 2024.
Responslbilities and ba818 of report
As the charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 ('the Act'}. You are Satisfied that an audit is not required
for this year under charity law and that an independent examination is needed.
I report in respect of my examination of the Trust's accounts carried out und&r section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145151(b) of the Act,
An independent examination does not involve gathering all the evidence that would be required in an audit
and consequently does not cover 811 the matters than an auditor considers in giving their opinion on the
accounls. The planning and conduct of an audit goes beyond the limited assurance that an independent
examination can provide, Consequently, l express no opinion as to whether the accounts present a 'true
and fair, view and my report is limitèd to those specific matters set out in the independant examiner's
statement.
Independent •xamlner'8 8tatom•nt
l am qualified to undertake the exemination by being a Qualified member of the In8titut8 of Chartered
Accountants in England and Wales.
I have complated my examination. I confim that no material matters have come to my attention in
connection with ihe examination giving me cause to believe that in any material respecl..
accountin9 records were not kept in respect of the Trust as required by sectlon 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts dc nol comply with the applicable requiroments concerning the form and content of
accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and f8ir vi￿, which is not a matter considered a8 Part
of an independent examination.
4. the accounts have not been prepared accordance with the mothods and princlples of the
Statement of Recommended Practice for accounting and reporting by ch8rities applicable to
Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Sreland IFRS 102)
I have no concerns and have come across no matters in connection with the examination to which
attention should be drawn in Ihis report in order to enable a proper understsnding of the accounts to be
r8ached.
SE
ixon W150n
22 Chancery Lane
London WC2A 1 LS
2024
TA
19 November

NICK JENKINS FOUNDATION
ST A TEM ENT OF F INANCIAL ACTIVITI ES
{ I NC LU DI NG I N COM E AND EXPENDITU RE
ACCOUNT)
Year ended 31 March 2024
Note
Unre8trlcted Endowmant
Fund8
Funds
Total
Funds
2024
Total
Fund8
2023
Income and endowments from:
Donations and legacies
Other income
26,750
174
26,750
174
12,000
Total Incom•
26,924
26,924
12,000
Exp•ndSture on:
Charitable activities
122,223)
122,223)
{22,223) (10, 123)
(22,223) (10, 123)
Total •xpondlturn
Net income
4,701
4,701
1,877
Net losses on investments
(100,000) 1100,000)
(33,400)
Transfer of funds
33,400
Not movement in fund8
38,101
(34,7361
3,365
(133,400) 95,299
133,400
98,664
3,365
1,877
96, 787
Total funds brought lo￿ard
Total fund8 ¢arri•d lo￿ard
98,664
The Statement of Financial Aclivities includes all gains 8nd108sos for the year. All income and
expenditure derives from continuing activrties.

NICK JENKINS FOUNDATION
Company number: 7179995
BALANCE SHEET
At 31 March 2024
Note
2024
2023
Fixed a88et8
Mixad motiva invèstments
100.000
Current a88ets
Debtors
Cash at bank
7,924
303
844
8,227
844
Credltors: amounts falllng duè wlthln one year
Not ¢urrent a880ts1{Ilabllltles
<4,862)
3,365
(2, 180)
(1,336)
Total ass•ts1088 curront Ilabllltle8
3,365
98, 664
Total fund8 of th• ¢harlty:
Unrestrictad incoma funds
Expandable endowment funds
Tot•1
3,365
(34, 736)
133,400
3,365
98, 664
For the year ending 31 March 2024 the company was entitled to examptlon under section 477 of the
Companies Act 2006 relating to small companies. The members have not required the company to obtain
an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act wilh respect
to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to
the small companies regime in Part 15 of the Companie5 Act 2006.
The accounts on pages 6 to 12 were approved by the board of directors on
onrtsb
If by..
11 2024 and were signed
N D JENKINS
Director

NICK JE14KINS FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ènded 31 March 2024
A¢¢ountlng pollcle8
General Information
The Nick Jenkins Foundation v3 a company limited by guarantee with no share capital Incorporated in
England and Wales. The address of the regislereé office is:
Stockton House
Stockton
Waiminster
BA12 OSQ
The principal accounting policies adopted, judgement and key sources of estlmation uncertainty in the
preparation of the financial statements are as follows..
K8y Judgements and sources of estimation include the determination of fair value of the mixed motive
investment. Please see policy (Q below.
(a) Ba818 of pr•paration and a88•8gm•nt of going concem
The financial statements have been preparad in accordance with AGGounting 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 (FRS 102) leffectiV8 1 January
2019)- (Charities SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of
Ireland (FRS 102), the Companies Act 20C6 and the Charities Act 2011.
Nick Jenkins Foundation meets the definition of 8 public benefit entity under FRS 102. Assets and liabilities
S￿ initially recognised at historical cost cr transadlon value unless otherwise stated in the relevant
accounting policy note.
The financial statemen15 have been prepared on the going concern basis in line with the disclosure given in
the Report of the Trustees on page 3. The charity only makes grants available to institutions in line with its
objectives On￿ funding for that granl has b88n received.
(b) Fund accountlng pollcy
Unrestricted funds are general funds that are available for use at the Trustaes, discretion in furtherance of
the objectives of the charity.
The expendab18 endowment fund was created by gifts from the chairman of the Trustees. The terms of the
endowment allow the capital of the fund lo be spent if the Trustees so determine.
{c) Incomlng re8ourc08
All income is recognised in the statement of financial activities when the Nick Jenkins Foundation has
entitlement to the income, it is probable that the income will be received and the amount of the income can
be measured reliably.
Donations 8re recognised when the charity has been notified in writing of both the emount 8nd settlement
date. In the event that a donation is subject to conditions that require a level of perfomiance before the
charity is entitled to the funds, the income is deferr8d and not recognised until either those conditions are
fully met, or the fulfilment of those conditions is wholly within the contro5 of the charity and it is probable that
those conditions will be fulfilled in the reporting period.
Interest on funds held on deposil is included when re￿1vable and the amount can be measured reliably by
the charty.. this is normalty upon notification of the inter8St paid or payable by the bank.
Amounts receivable for Gift Aid is recognised in the same period in which donations eligible for Gift Aid are
received.

NICK JENKINS FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
Accounting policies (contlnued)
(d) Resources expendeil
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the
expenditure, it is probable that settlement will be required and the amount of the obligation can be measured
reliably.
All expenditure is accounted for on an accwals basis and has been classrfied under headings that aggregate
all costs related to the category, for further information on the allocation and apportionment of governance
and support costs across these categories refer to note 3 below.
Charitable activities include donations payable as and when they a￿ approved by the Trustees and agreed
with the donee and the governance and support costs, in connection with the management of the Nick
Jenkins Foundation including the accountancy fees, organisational administration and compliance with
constitutional and statutory requirements.
lo) Flnanclal Instruments
Financial instruments are recognised in the company's Balance Sheet when the company becomes party lo
the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts
presented in the financial statements, when there is a legally enforceable right to sel off the recognised
amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liability
simultaneously.
Ba81c flnanclal a8set8
Basic financial assets, which include receivables and cash at bank, are initially measured at transaction price
including transaction costs and are subsequently Carried at amortised cost using the effective interesl
method unless the arrangement constitutes a financing transaction. where the transaction is measured at
present value of the future receipts discounted at a markel rate of interest.
Other flnanclal a88ets
Other financial assels, including investments in equity instruments which are not subsidiaries, associates or
joint ventures, are initially measured at fair value, which is normally the transaction price. Such assels are
subsequenlly carried at fair value and the changes in fair value are recognised in the Statement of Financial
Aclivilies, except Ihat investments in equity inslrumenls that are not publically traded and whose fair values
cannol be measured reliably are measured at cost less impairment.
Basic financial liabllltle8
Basic financial liabilities. including payables, are initially recognised at transaction price unless the
arrangement constilutes a financing transaction, where the debt instrument is measured at the present value
of the future payments discounted at a market rate of interest.
(n Mixed motiv• investments
Mixed motive investments represent Ihe ordinary share capital of an unlisted company. It is measured at fair
value by reference to the underlying performance of the unlisted company. Fair value can be measured by
reference lo recent transactions for subscription in the ordinary share capitsl of the underlying company by
third paty investors.
(g) Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translaled into sterling at the rate of
exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate of
exchange ruling at the date of the transaction. Exchange rate differences are taken to the Statement of
Financial Aclivilies.

NICK JENKINS FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
Donatlons and legacies
2024
2023
Unrestricted income from Nick Jenkins
Interest lunreslricled)
26,750
174
12,000
26,924
12,000
The incorne from donations and legacies was £26,75012023- £12,000).
Analy818 of charltable oxpenditurn
Direct
a¢tivltie8
Support
Costs
Total
2024
Total
2023
Charitable actlvltle8
Donations to institutions (note 41
19.000
3,223
22,223
10, 723
19,000
3,223
22,223
10, 123
2024
2023
Support Costs
Accountancy fees
Bank charg88
2,862
361
2,761
362
3,223
3,123
Expenditure on charitable activities relates wholly12023 - relat8s wholly) to unrestricted funds. Support
costs relate wholly to charitable activities
Charitable activltl•8
2024
2023
All grants were made to institutions which are detailed below..
Alabare
Child's-l Foundation
Commonwealth Education Trust
Mission Rabies
Paphitis Charitable trust
Parish Church Committee of Stockton
Royal Opera House Covent Garden
Shivia
2,000
2, 000
1,000
2,000
2, 000
5,000
2,000
10.000
19,000
7, 000
All granls awarded were paid during the period.
10

NICK JENKINS FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
Financial Instruments
The Charity financial instruments comprise fixed asset investments measured at fair value through profit
or loss and other financial assets, which comprise cash, and other financial liabilities, which comprise
trade creditors and other creditors, measured al amortised cost.
Mlxed motive Investment8
2024
2023
8rought forward fair value
Additions
Fair value movement
100,000
100, 000
(100,0001
Carried forward fair value
100, 000
Mwabu Group Limited is an education business that uses technology to improve education outcomes,
focused on Africa. Due to ongoing business issues th8 investment has been reduced lo £nil.
Cash at bank
2024
2023
C Hoare & Co current account
303
844
303
844
Credltor8: amounts falllng due wlthin one year
2024
2023
Other creditors
Accruals
2,462
2,400
4,862
180
2. 000
2,780
Tru8t806' remuneratlon
No Trustees received remuneration or reimbursement of expenses during the period. The charity has no
staff.
10. Taxatlon
The Nick Jenkins Foundation is a registered charity and as such is exempt from tax on its income to the
extent this is applied for charitable purposes.

NICK JENKINS FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 31 March 2024
11. Liablllty of member8
The company is limited by guarantee and has no share capital, it was incorporated in England and Wales.
The Memorandum of Association provides that every member, as defined by Clause 8 of the Articles of
Association, is liable to conlribute a sum not exceeding £1 in the event of tha company being wound up
while he or she is a member. Al 31 March 2024 there were 3 members.
12. Analy818 of fund8
At 1 Aprll
2023
Incomlng Rosourco8
resources
exponded
At 31 March
2024
Tran8fer8
Analy818 of fund movements
Unrestricted fund
Expendable endowment
{34,736)
133,400
28,924
{22,223}
{100,0001
33,400
133.4001
3,365
The above funds are explained further in the reserves policy in the Trustees Report.
Analy818 of fund8 between net a580ts
Not current
assets
Invè8tments
Total
Unrestricted fund
Expendable endowment
3,365
3,365
Total funds
3,365
3,365
12