2023-10-31-accounts

Company Registration Number 07840801 Charity number: 1150278 JBA TRUST LIMITED UNAUDITED FINANCIAL STATEMENTS 31 OCTOBER 2023 IA company limited by guarantee) Armstrongwatson. Accountants, Business G Financial Advisers

JBA TRUST LIMITED {A company limited by guarantee) CONTENTS Page Reference and administrative details of the charity. its trustees and advisers Trustees, report Independent examlnerfs report 21 Statement of financial activities 23 Balance sheet 24 Notes to the flnanclal statements 25-32

JBA TRUST LIMITED {A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ￿s TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2023 Trustees Rob Lamb, JBA (Managing Director) Jeremy Benn, JBA Jim Hall, University Professor Keith Beven, University Professor Emeritus Nick Russell, Independent Financial Consultant Joanne Coles, Senior Advisor IAppointed 3 September 20231 Peter Jimack, University Professor (Appointed 3 September 20231 Company reglstered number 07840801 Charity registered number 1150278 Registered office 1 Broughton Park, Old Lane North, Broughlon, Skipton, North Yorkshire, BD23 3FD Company secretary C Robson Independent examiners Armstrong Walson Audit Limited, Number 3, Acom Business Park, M'redale Business Centre, Skipton, North Yorkshire, BD23 2UE Page 1

JBA TRUST LIMITED {A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The Trustees present their annual report together with the financial statements of the company for the 1 November 2022 to 31 October 2023. The Trustees confirm that the Annual Report and financial stslements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151 as amended by Update Bulletin 1 leffeclive 1 January 20151. GOING CONCERN The financial statements have bèen prepared on the going concem basis. This is based on the continued financial support of ils sponsors and creditors, which is confi'rmed at regular intervals, allied to the maintenance of a robust reserves policy. TRUSTEES. RESPONSIBIL￿lEs STATEMENT The Trustees (who are also directors of JBA Trust Limited for the purposes of company lawl are responsible for prep8ring the Trustees, report and the financial statements in 8ccordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the Incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charitable company's transactions and disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees, on 2310512024 and signed on their behalf by.. wb Rob Lamb, Managing Director of JBA Trust Page 2

JBA TRUST LIMITED {A company limited by guarantee) Director's Report l am delighted to present the annual report for our fi nancial year November 2022 to October 2023. The J BA Trust has continued to offer valuable support for the creation, shari ng and application of knowledge about risks and resilience around the water cycle. This year we have renewed many partnerships and created new ones. We prioritised engagement activities that involve worki ng in depth with others to achieve change and connect with groups relatively under-represented in sectors and disciplines most relevant to our work. I nterest i n our physical demonstration models and supporting resources continues to grow. with the demand exceeding our capacity. So, we have begun to establish a community of practice around the demonstration models by mappingthe network of people and organisations who have built similar models, used our designs or developed similar expertise independently. Oursupport for research spread over many projects. This year we helped 11 doctoral researchers and 10 people undertaking other postgraduate studies. Seven peer-reviewed scientific publications were produced from research we supported. We also dedicated significant time to help our network of academic partners secure new funding for research and traini ng across a range of scientific and technical disciplines. In total, we worked with more than 10 university groups to lend support to their proposals for doctoral training or research funds. As a corporate foundation. most ofour resources are donated by oursponsors. the JBA Group of companies. We have now facilitated more than 36,000 hours of work by JBA colleagues to help share their knowledge and expertise. On behalf of the trustees I thank those colleagues and the many partners with whom we have worked collaboratively, helping us to deliver on our charitable objectives. Rob Lamb, Managing Director Date: 2310512024 Page 3

Our purpose and activities JBA Trust is a charity established and funded by the JBA Group ofcompanies. We aim to help improve people's resilience to environmental risks by sharing knowledge. We do this by enabli ng research, education and engagement. We work with academic researchers, NGOS, charities and the JBA Group ofcompanies in four key areas.. Faci litating collaboration between academia and industry to deliver high quality scientific research. Publishing and dissemi nating knowledge, enabling shared understanding and good practice. Supporting post-graduate traini ng by providing technical expertise and financial bursaries for Msc and PhD studentships. Engaging with schools, charities and voluntary groups to share inspiration and learning resources. This annual report reviews the activities of the JBA Trust over the past year and how our work has delivered public benefit. Page 4

Science and research We facilitate collaboration between academia and industry to deliver high quality scientific research. By publishing and communicating research outputs, we enable knowledge exchange and share best practice. Collaborative research In 2022-23 we worked with universities, research institutions, public sector and charitable organisations. The highlights and outputs of our collaborative research projects are summarised below. Support for Centres for Doctoral Training {CDTs) In 2022, the UK government announced significant new investment in the provision of high quality, cohort-based doctoral education through Centres for Doctoral Training ICDTSI. The Engineering and Physical Sciences Research Council IEPSRCI is committing up to £324 million to support approximately 40 CDTS across the engineering and physical science landscape. The Natural Environment Research Council IN ERCI is committi ng over £10 million to support four CDTS to tackle the most challenging environmental science issues including flood management and freshwaterquality. We worked closely with university partners to support the co-development of centres that focus on the themes of flood and cli mate resilience, uncertainty and risk, and the underpinni ng data science that supports evidence-led decision making. As well as helping to identify knowledge gaps and needs within these themes, we aim to support the successful CDTS through PhD sponsorship and placement provision. Page 5

JBA TRUST LIMITED {A company limited by guarantee) UK Flood Hydrology Roadmap The flood hydrology roadmap is a 25-year vision and plan to advance all aspects of flood hydrology in the United Kingdom. It was developed with inputs from more than 270 individuals from 50 organisations working in hydrology, flood management and related topics. We have supported the roadmap project since it started in 2018 through membership of its steeri ng group and by contributing to publications and presentations. This year, as delivery of the roadmap picked up pace, we have supported it by.. chairing the newly-formed roadmap Science and Technical Advisory Group, which met for thefirsttime in January2023 and three moretimesoverthe reportingyear providing support to the roadmap's governance board on behalf ofthe advisory group delivering a joint CIWEM/British Hyd rological Society webinar about the roadmap, part of the CIWEM Flood Resilience series, on 21 June 2023 Research outputs Type Link Flood Hydrology Roadmap update Webinar Abrupt Wave Front floods 'Abrupt wave front, floods IAWFI, also known as flash floods, describe an extremely rapid rate of rise in water level and discharge. They are a significant hazard to river users and are caused by extreme rainfall events on steep upland catchments which can then move downstream for tens of kilometres. The characteristics and downstream transmission of AWF floods are descri bed and analysed in a paper published in Hydrology Research by Samuel Watkiss and David Archer. The paper combines research undertaken by Sam whilst at the University of Leeds, and work by David Archer. We supported Sam for part of his placement year and dissertation. Historical data for events in Pennine catchments in northern England were extracted from the Bri a f reely available resource hosted by J BA Trust. Research outputs Type Link The characteristics of 'abrupt wave front, floods on Pennine catchments and their transmission downstream .21 nh.2 Journal paper 3.126 Page 6

JBA TRUST LIMITED {A company limited by guarantee) Wet Canopy Evaporation This research is a collaboration with the Fluid Dynamics Centre for Doctoral Training ICDTI at the University of Leeds, with input from Barry Hankin at JBA Consulting and the NERC Q-NFM project team at Lancaster Environment Centre. We supported a team of M Res students in the Fluid Dynamics CDT to investigate the plausibility of high rates of wet canopy evaporation during heavy rainfall events and possible implications for tree planting as a type of natural flood management. The MRes team developed an outreach demonstrator model to help explain the concepts i n the project. Retention time tool One of the strategies for natural flood management in the U K is the use of in-stream barriers to retain water duringflood events. We have published and updated a web page containinga spreadsheet tool to link leaky barrier structural design to backwater volume and increase in retention time, allowing exploration of the impact of varying barrier and channel structural parameters during the design phase or for the post-hoc evaluation of existing barriers. The tool was developed by Elizabeth Follett, Royal Academy of Engineering Research Fellow at Liverpool University, and our trustee Keith Beven. Research outputs Type Link Leaky barrier retention time tool Spreadsheet and webpage Flood Mana ement interventions Page 7

JBA TRUST LIMITED {A company limited by guarantee) Doctoral research projects Our collaboration with universities across the UK enables us to support graduate researchers (research studentsl worki ng on doctoral projects to develop advanced skills and deliver high quality research that helps enhance the understand ing of a wide range of risks in the environment. We support doctoral researchers through a variety of programmes including doctoral training centres funded by UK Research and I nnovation IUKRII. This year, we were delighted to see another of our graduate researchers, Georgios Sarailidis, successfully complete his PhD. Information about all our PhD projects can be found at: htt su ort earl -career-researchers www.'batrust.or fundin -and- PhD project outputs We are pleased to be able to share this year's outputs from the projects, including peer reviewed publications. Helen Hooker, studying at Reading University, published her first paper in the Journal of Hydrology on 'Analysis of 2D inundation patterns to identify skilful scales of comparison,. The paper is available at: htt 10.1016 'h drol.2 22.128170 Helen also published an article on ourwebsite that aimed to make the academic concepts i n her journal paper more accessible to a wider audience. The article discusses how earth observation data can identify flooded areas and is available here.. Im rovin forecast flood ma s usin earth observation data . JBA Trust Luke Jenkins, studying at the University of Southampton, published his first paper in Natural Hazards on 'The temporal clustering of storm surge, wave height, and high sea level exceedances around the UK coastline, The paper is avai lable at.. ink rin li 22- 17-z Jake Grainger, who has completed his PhD at Lancaster University, published a paper on how statistical approaches can help estimate directional ocean wave models. The paper is available at: htt doi.or 10.1093 rsssc lad006 Zora van Leeuwen who has com leted her PhD at the Universit of Leeds ers on howleak dams in u land catchments can affect flood h drolo are available at- htt doi.or 'h drol.2023.130448 and ublished two The ers 10.1016 htt doi.or 10.1016 'h drol.2023.130449 Page 8

Research publications Duringthe year, we supported and co-authored studies published as papers in peer-reviewed scientific journals. Title and link Journal Authors Status Thetem oral clusterin of storm e wave hei ht and hi h sea level Natural Hazards LJ Jenkins, ID Haigh, P Camus, D Pender, J Sansom, J, R Lamb & H Kassem. Published sur The characteristics of 'abru front, floods on Pennine catchments northern En land and their transmission downstream t wave Hydrology Research S Watkiss & D Archer. Published in Teaching Geography B Brady, K Suter, R Lamb &A Published Scott. eo ra hical learnin A multivariate seudo-likelihood roach to estimatin directional J. Royal Statistical JP Grainger, AM Sykulski, K Society Series C= Ewans, HF Hansen, P Applied StatistlC5 Jonathan Published ocean wave models essin thes atial s read-skill of ensemble flood ma s with remote- Natural Hazards and Earth System Sciences H Hooker, S Dance. D Mason. Published J Bevington & K Shelton. uanti the natural flood n3 ement otentialof leak dam Journalof Hydrology Z.R. van Leeuwen, M.J. Klaar, Accepted M.W. Smith, L. Brown inu land catchments Part l.. A data- uanti the natural floo ement otential of leak dams land catchments Part11.. Leak acts on flood Journalof Hydrology Z.R. van Leeuwen. M.J. Klaar. Accepted M.W. Smith, L. Brown mana inu dam im eak ma nitude Page 9

The award definitely made postgraduate education more accessible to me.

I wouldn't have been able to do my MSc without your financial support and wouldn't be where I am today without it to this day your support means a lot!

Without this Scholarship, I would not have been able to complete my course.

It allowed me to go to my first-choice university.

implement natural flood management at scale. I chose to apply for the course to enhance my understanding of flood and coastal risk management.

Thanks to the support of JBA Trust, I can study whilst still being able to work on these projects. I hope to apply what I learn during the course through my work with the Rivers Trust Movement, taking an evidence-based approach to mitigating flood risk and improving the health and resilience of our catchments.

The course will help towards achieving our shared goals, offering the opportunity to combine theory with practical application for the benefit of communities and catchments alike .

JBA TRUST LIMITED {A company limited by guarantee) In 2022-23, we supported George Williams, who was studying Sustainability and Consultancy at the University of Leeds. George's research aimed to improve understandingofthe number and location of culverts that may be acting as a barrier to fish passage. With our help as a facilitator, George also supported Ben Bluck's PhD research at Southampton, providing benefitto both students. Summer Internship This summerwe hosted Katie Russell, an Environmental Sciences Msc student, for a 5-week internship to develop a comprehensive database that shares spatial information about published academic research on Natural Flood Management IN FM) or coastal nature-based solutions. Katie processed a database of 791journal papers and technical reports, published between 2017 and 2023, and extracted location data, metrics ofscale and research meta-data from each paper. We aim to make this available as an onli ne mapping resource to help practitioners and the academic community to easily identify and visualise the locations le.g. river catchments, field sites) where data and published research are available. Page 12

74 Learning and engagement We support a wide range of activities aimed at encouraging students at schools and universities to develop or enhance their i nterests in water and environmental management, which could also ulti mately lead them to pursue careers in the field. Our learning and engagement activities also extend to the widercommunity, and to flood risk management professionals. In 2022-23 we worked with man different or anisations to develo learnin deliver activities to su orten ement and education. resources and Public engagement in resilience and flood risk This year, we chose to develop partnerships with organisations that have strong relationships with local communities or have a well-established outreach and engagement track record. This approach helped us target our resources more effectively and enabled us to reach more diverse communities. We supported the Rochdale Science Extravaganza in March 2023, a free event that provided a wide range of science, technology, engineering, art and maths ISTEAMI activities for the whole community. Organised by the Rochdale Science Initiative and Bangladesh Association and Community Project IBACPI, the theme of'climate Change and Sustainability, broughttogether scientists, researchers, artists and others with an ai m of inspiri ng and encouragi ng people to explore science and to consider their part in creati ng a sustainable future. Over 1,460 people attended the event, and visitors used our augmented reality sandbox to explore flood risk and see how climate change might affect floodi ng i n future. We also supported the London Science Museum'science on a Sphere, exhibition this summer in partnership with volunteers from the Environment Agency. Ourvolunteers used our augmented reality sandbox to explore cli mate change, resilience and flood risk. Duri ng the 20-day exhibition the museum welcomed 227,354 visitors. Over 6,400 people engaged with the volunteers, activities and demonstrations, and 780/0 of the people who left feedback will take action on flood risk or climate change based on their experience at the exhibition. Page 13

JBA TRUST LIMITED {A company limited by guarantee) Supporting STEM in schools This year, we worked with the Transpennine STEM Ambassador Hub on a STEM Interventions project that enabled usto build a programme ofengagement with Carlton School in Keighleyj local school that had identified the need for additional STEM support. The STEM Ambassador network funded trainingforour volunteers, delivered by the Science Museum Group Academy, to help them develop session content relating to sustainability and climate change for Key Stage 3 students. We delivered a full day of careers and coastal risk management sessions to over 200 geography students at StAmbrose Barlow RC High School in Salford. Our volunteers talked to Year 9 students about careers in flood risk management and demonstrated the wave tank to show how effective different types and combi nations of coastal defences are at preventing overtopping and flood risk. As part ofa 'Water Risks, themed day at Ermysted's Grammar School in Skipton, we worked with the University of Nottingham and North Yorkshire Fire and Rescue Service to deliver interactive sessions aboutwater and flood risk management. The Year8 students used our hands-on physical models (the PARM, wave tank and river flume) to understand how water behaves in the environment and how to stay safe in and around rivers. Industrial Cadets In July 2023 we hosted 31 Industrial Cadets whojoined us as part ofa week ofSTEM related work experience with Yorkshire Water. We hosted the group with J BA Consulting at their Saltaire offices and explored flood risk. water safety, fish passage, river engineering and environmental engineering and sustainability careers as well as visiting Salts Mill weir fish pass. Water safety Since we partnered with North Yorkshire Fire and Rescue Service and Hydrotec to build a specific water safety flume in 2022, we have helped other fire services and water safety charities to source or create their own watersafety flumes. So far, we have shared our designs and learning resources with fire and rescue teams i n Leicestershire, London, West Yorkshi re, South Yorkshire. Cheshire, North Cumbria, Surrey, Tees, Lancashire, Greater Manchester, Bury, Oregon and Richmond, USA. In October 2023, we offered our Big River Flume to the London Fire Brigade to be used to demonstrate water safety in a proposed new'water Safety Centre of Excellence, based in Twickenham in partnership with the RNLI. Page 14

JBA TRUST LIMITED {A company limited by guarantee) Cityzen We worked with the Institute of Civil Engineering's Engagement and Inspiration Team again this year to support the Cityzen competition byjoiningthe panel ofjudges. Cityzen focuses on developing the infrastructure for a town within the context of climate change, flood risk and sustainability. The game helps engage students aged 16-18 with civil engineering, as well as helping develop important skills for work and study, such as problem-solvi ng, teamwork. critical thinking and communication. The final award is based on a video submission by the teams. This year, more than 190 schools took art with the awards being announced in March 2024. Digital learning resources Our digital learning resources have elements of engi neering, maths and geography included in each topic in the context offlood risk, water management, weather and climate. They are packaged by age group and include videos, worksheet activities, case studies and exercises. All our learning resources can be accessed and downloaded at.. www.'batrust.or resources learnin Sharing experience This year we published a paper on'usin sical modelsto im hical learnin the Teachi ng Geography journal to highlight how teachers could incorporate physical model into thei r practice. rove eo ra Physical models Our physical models of catchments, rivers and coasts enable us to bring to life topics includi ng flood risk, coastal and river engineering and nature-based solutions. Our collection includes four different sized hydraulic river flumes, four wave tanks, an augmented reality sandbox and a Projection Augmented Relief Model IPARMI. Page 15

Building our reach and enabling knowledge exchange Digital engagement Ourwebsite Iwww.'batrust.or l enables people to easily access all our publications and educational resources, as well as find information about J BA Trust and our research projects. It continues to help us deliver our charitable objectives of sharing best practice and supporting engagement and education. In 2022-23 we received 105 direct enquiries about research support, our physical models, bursaries and scholarships and support for educational activities and events. JBA Trust's YouTube channel hosts all our video resources and we now have over 54,000 subscribers. Across all social media platforms, our videos have received over 35 million views. We also use Twitter and Li nkedln to publicise research outputs, new resources, publications or scholarships and awards. Global reach This yearwe responded to over 66 requests from around the world forsupport and assistance from people who, havingseen our physical model and weather station resources, would like to build their own or set up their own educational project. The contacts came through social media or ourwebsite contact pages. By shari ng factsheets and detailed specifications for our models, we aim to enable people to create thei r own educational resources to support their communities and raise awareness of flood risk management. In some cases, we have established an on-goingdialogue with people who have approached usto help them with their own projects. We have helped high school and college students, university researchers, teachers and private individuals. Page 16

JBA TRUST LIMITED {A company limited by guarantee) Interactive models: Community of Practice We are developing an online map to support a 'Community of Practice, for people who use physical models ofwaterto support education and engagement. The maps show where and how interactive models are being used across the globe and are designed to help the community share ideas, knowledge and inspiration to support education and outreach activities. The interactive map is available to view here: htt Napof Crèators 'NakèY￿rtkn' JoknthÈcommuntyl inl-ri¥ff flurn¢ bwxbG•rmany Styrt￿r￿•bTrrte OICèYéty P j￿C￿lYJ1l1 Norlh Yw45hire FITe Augrnent•d AEa1ty$ar￿bux Pt)tytÈh JUT Fr4h¢• Turfn J￿T￿ls1 i*pton PARHI Page 17

Structure? governance and management JBA Trust is a company limited by guarantee and 15 governed by its Memorandum and Articles of Association. It was incorporated on 9 November2011. Directors and trustees We were delighted to welcome two newtrustees, Joanne Coles and Peter Jimack, to our board in September 2023. The Trustees serving during the year were as follows: Rob Lamb, JBA (Managing Director ofJBA Trust) Trustees Jeremy Benn, JBA Jim Hall, Oxford University Keith Beven, Lancaster U niversity lemeritusl N ick Russell, Independent fi nancial consultant Joanne Coles, EnvironmentAgency Peter Jimack, University of Leeds Secretary Craig Robson Governance The trustees review the activities of JBA Trust every six months to ensure that they are focused on supporting the purpose of the charity. The review also considers the strategic direction of the charity and considers how planned activities will contribute to public benefit. We have referred 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 activities. Page 18

JBA TRUST LIMITED {A company limited by guarantee) Appointment of trustees On incorporation of the JBA Trust, the Board of Trustees was appointed by invitation. To preserve independence ofthe JBA Trustfrom JBA Group companies, which provide part of its core funding. the J BA Trust's Articles of Association stipulate that the number of trustees connected to oremployed by JBA Group shall always be less than half ofthe total number of trustees appointed at any given time. The trustees are not remunerated lotherthan payment to covertravel and accommodation costs where requi red for JBA Trust business). Trustee induction and training Periodically, the trustees meet and are briefed on their legal obligations under charity and company law, updates to the Charity Commission's guidance on public benefit, the content of the Memorandum and Articles ofAssociation and the JBA Trust business plan. Organisation The Board of Trustees meets every six months and is responsible for the strategic direction and policy of the charity. A Managing Director is appointed by the trustees to manage the day-to day operations ofthe charity and is supported by a Programme Manager. Risk management The trustees have a risk management strategy which comprises: An annual review of the risks the charity may face Policies and procedures i n place to mitigate those risks Plans in place to minimise the impact of the risks should they materialise. The princi pal risk to JBA Trust is financial sustainability. This is mitigated by having a robust reserves policy and a clear financial plan which is reviewed and subsequently approved by the trustees at the start of the financial year. JBA Trust adopts policies and procedures from our host, the JBA Group, which are externally validated where applicable. These include policies on: Health and Safety. Energy Use. Environment. Sustai nability. Social Responsibility. Equality and Diversity. Association of Charitable Foundations As a member of the Association of Charitable Foundations IACFI, we support their vision of d iverse, vibrant and effective foundations, working together for social good. We utilise the ACF'S stronger Foundations Initiative resources, in particular the 'lO illars of stron er ractice for smaller foundations,, to inform our strategy and help enhance our effectiveness. Page 19

JBA TRUST LIMITED {A company limited by guarantee) Financial review The princi pal funding source for JBA Trust is JBA Group dividends. JBA Trust also aims to leverage funding for research projects by supporting partners in applyi ng for funding from external organisations, for example UK Research and I nnovation IU KRII grants awarded to university partners for PhD studentships. We also generate a small amount of additional income from hiring out our physical models for use by commercial organisations. Personal donations are processed through an online giving platform that enables Gift Aid to be claimed efficiently. Reserves Policy Reserves are required to minimise the financial risks associated with the unlikely event of unplanned or unforeseen expenditure. The JBA Trust maintains sufficient reserves to cover all contractually committed expenditure or liabilities and operating costs for one year. Plan for future periods JBA Trust anticipates continued long-term fundingfrom JBA Group. To ensure thatthe charity maximises the value of its i ncome in carrying out its activities, the strategic plan focuses on continuing to seek match fundi ng for research projects from funding bodies, including Universities and Research Councils. I n the future JBA Trust may also wish to generate an income by licensing datasets, results or models generated by research. The trustees declare that they have approved the Trustees Report above. On behalf of the trustees Rob Lamb, Managing Director ofJBA Trust Date: 2310512024 Page 20

JBA TRUST LIMITED {A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JBA TRUST LIMITED Ithe'eompany'l I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 October 2023. This report is made solely to the company's Trustees, as a body, in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the company's Trustees those matters l am required lo slate to them In an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the company and the company s Trustees as a body, for my work or for this report. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the company land ils directors for the purposes of company lawl you are responsible for the preparation of the accounts In accordance with the requirements of the Companies Act 20061'the 2006 A¢l'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 20111'the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I can confimi that no matters have come to my attention in connection with the examination giving me cause lo believe. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairt view which is not a matter considered as part of an independent examination", or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}. Page 21

JBA TRUST LIMITED {A company limited by guarantee) I have no concerns and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signed.",,.,,,., . Dated.. 2310512024 Rohan Day FCA Amislrong Walson Audit Limited Number 3 Acorn Business Park Airedale Business Centre Skiplon North Yorkshire BD23 2UE Page 22

JBA TRUST LIMITED {A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unrestricted funds 2023 T¢>tal funds 2023 Tot81 funds 2022 Note INCOME FROM: Donations and legacies Investments 152,257 152.257 180,789 TOTAL INCOME 155942 184 564 EXPENDITURE ON: Charitable activities TOTAL EXPENDITURE 4,5,6 217 214 217 214 223 464 217 214 217 214 223 464 NET EXPENDITURE BEFORE OTHER RECOGNISED GAINS AND LOSSES 61,2721 161,2721 138,9001 NET MOVEMENT IN FUNDS 161.2721 161,2721 138,9001 RECONCILIATION OF FUNDS: Total funds brought fO￿ard 238 904 277 804 TOTAL FUNDS CARRIED FORWARD The notes on pages 6 to 13 form part of these finaneial statements. Page 23

JBA TRUST LIMITED {A company limited by guarantee) REGISTERED NUMBER: 07840801 BALANCE SHEET AS AT 31 OCTOBER 2023 2023 2022 Note FIXED ASSETS Tangible assets 9,063 2,124 CURRENT ASSETS Debtors 10 29,800 Cash at bank and in hand 179 976 179,976 260,886 CREDITORS: amounts falling due within one year NET CURRENT ASSETS 168 569 236 780 NET ASSETS CHARITY FUNDS Unrestricted funds 12 177 632 238 904 TOTAL FUNDS The company's financial statements have been p￿pared in accordance with the provisions applicable to companies subject to the small companies regime. The Trustees consider that the company is entitled lo exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 20061"the Act") and members have not required the company to obtain an audit for the year In question in accordan￿ with section 476 of the Act. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and aulhorised for issue by the Trustees on 2310512024 and signed on their behalf, by.. R Lamb Dlrector The notes on pages 6 to 13 form part of these financial statements. Page 24

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES 1.1 Basls of preparatlon of flnanclal statements The financial stslements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. JBA Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless olhetwise staled in the relevant accounting policy. The principal activity of the company is to enhance understanding and management of risks in the water environment by enabling research, education and training. The company is a company limited by guarantee incorporated and domiciled in the United Kingdom. These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates. 1.2 Company status The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect ofthe guarantee is limited to £10 per member of the company. 1.3 Going concem The financial statements have been prepared on the going concern basis. This is based on the continued financial support of ils sponsors and creditors, which is confirmed at regular inteNals, allied lo the maintenance of a robust reserves policy. 1A Income All income is recognised once the company has entitlement lo the Income, it Is probable that the income will be received and the amount of income receivable can be measured reliabty. Donated setvices or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, the general volunteer time of the Friends is not recognised and refer lo the Trustees, report for more information about their contribution. On receipt. donated professional ServI￿S and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the Company would have been willing lo pay lo obtain services or facilities of equivalent economic benefi( on the open market., a corresponding amount is then recognised in expenditure in the period of receipt. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Income lax recoverable in relation lo investment income is recognised at the lime the investment income is re￿1Vable. Page 25

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES Icontinuedl 1.5 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lot81 of direct costs and shared costs, Including support Costs involved in undertaking each activity. Direct Costs attributable lo a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on 2 basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out al Headquarters. Govemance costs are those incurred in connection with adminislralion of the company and compliance with constitutional and statutory requirements. Charitable activities and Governan￿ Costs are costs inCur￿d on the company's educational operations, including support costs and costs relating to the governan￿ of the company apportioned lo charitsble aclivilies. Grants payable are charged in the year when the offer is made ex￿pt in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions allaching are fulfilled. Grants offered subject lo conditions which have not been met al the year end are noted as a commitment, but not accrued as expenditure. 1.6 Tangible fixed assets and depreciation A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated lo write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Plant and machinery Motor vehicles Equipment 25Qk straight line 25Qk straight line 25Qkn straight line 1.7 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company," this is normally upon notification of the interest paid or payable by the Bank. 1.8 Debtors Trade and other debtors are recognised al the selllement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Page 26

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES Icontinuedl 1.9 Cash at Bank and In hand Cash al bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, il is probable that a transfer of eeonomic benefit will be required in settlement: and the amount of the selllement can be estimated reliably. Liabilities are recognised al the amount that the company anlicipales it will pay to settle the debt or the amount it has received as advanced payments for the goods or setwices il musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.11 Fund accounting General funds are unreslricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. INCOME FROM DONATIONS AND LEGACIES Unrestricted funds 2023 Total funds 2023 Total funds 2022 Donated services Donations Sales Other income 155.372 26.334 1,830 131,2791 155.372 26.334 1.830 131,2791 148,352 31,648 789 Total donations and legacies Total 2022 Donated services are provided by the trading subsidiaries of JBA Group Limited and are valued at standard chargeable rates. Page 27

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 INVESTMENT INCOME Unrestrlcted funds 2023 Total funds 2023 Total funds 2022 Interest received 77 Total 2022 ANALYSIS OF GRANTS Grants to Support Adivities 2023 Grants to Institutions 2023 Total 2023 Total 2022 Grants, Activities undertaken 111698 132 898 162 331 Total 2022 2023 2022 Grants lo institutions Research projects Project pipeline development Training projects Seminars 21,200 30,112 18,608 62.795 183 27,080 32,806 19,732 82,713 Total Page 28

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 SUPPORT COSTS Actlvltles undertaken Total 2023 Total 2022 Sub-contractors associates Sundry expenses Communication and website Computer consumables and software licences Motor and travel expenses Office costs Insurance Legal and professional Depreciation 49.800 11,9621 17.133 324 10,097 25 512 124 4.479 49.800 11,9621 17.133 324 10,097 25 512 124 4.479 31,731 774 13,982 1,149 3,306 4,218 470 3,217 Total 2022 During the year ended 31 October 2023, the company incurred the following Governance costs.. £NIL12022 - £NILI included within the table above in respect of Activities undertaken directly. £NIL12022 - £NILI included within the tsble above in respect of Support costs. GOVERNANCE COSTS Unrestricted funds 2023 Totsl funds 2023 Total funds 2022 Accountancy fees Bank charges 3.410 374 3.410 374 2,244 42 NET INCOMEIIEXPENDITUREI This is staled after charging". 2023 2022 Depreciation of tangible fixed assets.. owned by the charity 217 During the year, no Trustees received any remuneralion12022 - £NILI. During the year, no Trustees received any benefits in kind12022 - £NILI. During the year, no Trustees re￿iVed any reimbursement of expenses12022 - £NILI. Page 29

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 EMPLOYEES The company has no employees other than the Trustees, in both the current and previous year. TANGIBLE FIXED ASSETS Plant and machinery Motor vehicles Equipment Total Cost Al 1 November 2022 Additions 37,189 20,100 1,607 58.896 Al 31 October 2023 Depreciation At 1 November 2022 Charge for the year 35,065 20,100 1,607 56,772 At 31 October 2023 Net book value Al 31 October 2023 At 31 October 2022 10. DEBTORS 2023 2022 Other debtors Prepayments and accrued income 1,000 28,800 11. CREDITORS: Amounts falling due within one year 2023 2022 Trade creditors Other creditors Accruals and deferred income 8,691 566 2,150 3,896 18,342 1,868 Page 30

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 12. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 1 November 2022 Balance at 31 October 2023 Income Expenditure Unrestricted funds General Funds Other General funds 238,904 158.421 12,4791 1217,344) 130 179,981 12,3491 238 904 155942 217 214 177 632 STATEMENT OF FUNDS- PRIOR YEAR 8818nce 8t l November 2021 Balance at 31 October 2022 Income Expenditure General Funds 277 804 184564 223 464 238 904 Total of funds 277 22 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestricted funds 2023 Totsl funds 2023 Tangible fixed assets Current assets Creditors due within one year 9,063 179,976 111.407) 9,063 179,976 111.407) ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestricted funds 2022 Total fvnds 2022 Tangible fixed assets Current assets Creditors due within one year 2,124 265,534 128,7541 2,124 265,534 128.7551 Page 31

JBA TRUST LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 14. RELATED PARTY TRANSACTIONS Included within debtors, amounts falling due within one year is an amount of £Nil 12022 £19,685) due from JBA Risk Management Limited. During the year, donations were received from JBA Risk Management Limited of £26,33412022 - £31,648). During the year, donated services were received from Jeremy Benn Associates Limited of £153,666 12022 - £148,352). Both JBA Risk Management Limited and Jeremy Benn Associates Limited are under Common control by virtue of the shareholdings and trusteeship of J R Benn. Page 32

JBA Trust Limited - Documentation for signing 2023-10-31 Final ALJdil Report 2024-05-23 Created.. 20244)5-02 By.. Natalie Bunney [e-mail] Slalus.. Signe(I Transaction ID.. CBJCHBCAABA4LP￿ eZPhHPedXBmnMcE3RKt4AI 2vSV "JBA Trust Limited - Documentation for signing 2023-10-31" Hist Docum8nt created by Natalie Bunney [e-mail] 2024-054)2- 07'.58'.55 GMT- IP addres8'. 85.118.13.137 Document emailed to [e-mail] for signature 2024-0￿2- 08..03..56 GMT Email viewed by [e-mail] 2024-0&02- 09".40".28 GMT- IP address". 80.194.116.67 New document URL requested by louise.perry@jbagroup.¢o.uk 2024-05-16- 13.'01'.49 GMT- IP address.. 80.194.116.67 P. New document URL requested by [e-mail] 2024_0&23_ 08..57..17 GMT_ IP address.. 80.194.116.67 Email viewed by [e-mail] 2024-05-23- 08'.57'.32 GMT- IP address.. 80.194.116.67 Signer [e-mail] entered name al signing as Rob Lamb 2024.05-23- 09..35..34 GMT. IP ad(Ires5'. 80.194.116.67 Document e-signed by Rob Lamb [e-mail] Signature Date.. 2024-05-23- 09..35."36 GMT- Tirne Sou￿." server- IP address.. 80.194.116.67 P. Document emailed to Rohan Day [e-mail] for signature 2024-05-23- 09.'35.'38 GMT Email viewed by Rohan Day [e-mail] 2024-0&23- 09..38..11 GMT- IP ad(Iress.' 110.239.210.113 Armstrongwatsorf Adobe robot Sign

Signer Rohan Day [e-mail] entered name al signing as Armstrong Watson Audit Limited 2024-05-23- 09'.39'.49 GMT- IP addres8.' 85.118.13.137 DocLJment e-signed by Armstrong Watson Audit Limited [e-mail] Signature Date.. 2024-05-23- 09..39..51 GMT- Tirne sour￿.. server- IP addre$5.' 85.118.13.137 Agreement completed. 2024-05-23- 09."39".51 GMT Armstrongwatsorf Adobe robot Sign