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
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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 Inatalie.bunney@aTtnslrongwalson.co.ukl
Slalus..
Signe(I
Transaction ID..
CBJCHBCAABA4LP￿ eZPhHPedXBmnMcE3RKt4AI 2vSV
"JBA Trust Limited - Documentation for signing 2023-10-31" Hist
Docum8nt created by Natalie Bunney lnalalie.bunney@amstrongwatson.co.ukl
2024-054)2- 07'.58'.55 GMT- IP addres8'. 85.118.13.137
Document emailed to rob.lamb@jbalrusl.org for signature
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Email viewed by rob.lamb@jbalrusl.org
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Document e-signed by Rob Lamb 1rob.lamb@jbalrust.orgl
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