Company reglstered number: 09008198 Charlty number: 1157596 JOCK'S INFLUENCE LIMITED (A company Ilmlted by 8harn capltal and rogl8tsred charlty) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
JOCK'S INFLUENCE UMITED IA company Ilmltsd by ¥h•r• c•pltal and rogl¥t•r•d Gh•iltyl CONTENTS Page Rofarnnco and admlnlstratlv• d•t•lls of th• Charlty, tt• Trustoes and advliovs Tru•t••8' r•port Indep•nd•nt •xamln•f• report statement of Iln•ncl•l 8th111•8 B•lanc• sh••t Not•• to th• flnaThcl•l •tstgm8nt• 8-11
JOCK'S INFLUENCE LIMITED IA ¢ompany Ilmttod by •har• caplt•l and Tegl*tered charltyl REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020 TThst•o5 David 81ood Peter Harris Beth Blood Company r•glst•r•d number 09006198 Charlty reglst•red numbèr 1157598 Regljtered offl¢• Third floor 20 Old Bailey London EC4M 7AN Company 8•cr•tary Temple Secr#rial Limited Indepèndent Examln•r Stuart McKay Bsc FCA DChA Chartered Accounlanls 2 London Wall Place London EC2Y SAU Bankorn Barda 1 Stanhopg Gate London W1K 1AF Sollcltorn Withers LLP 20 Old Bailey London EC4M 7AN Page 1
JOCK'S INFLUENCE LIMITED IA company Ilmltèd by share caplt•l afid rtyl•ter•d charltyl TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustee5 present their annual report together with the fSnanclal statements of the Charity for the year 1 January 2020 to 31 December 2020. The Annual report Serves the purposes of both a Trustees, report 8nd directors, report under company law. The Trustees confirm that the Annual report and financial slalements of the charitsble company comply with the current slatulory requirements, th8 requirements of the chanlable company's governing d(xumenl and the provisions of the Slalement of Recommended Practice {SORP) applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021. Slnce the Charity quallfles 88 small under section 382 of the Companie8 Act 2006, the Strategic repL)rt required of medium and large c¢mp8nies under the Companles Act 2006 Islraleglc Report 8nd Directors, Report) Regulations 2013 has been omitted. ObJectlv•8 Jnd •ctivltl•8 PollclM and obl•ctlv•8 The objec18 ¥nd purpose ol the Charty, as per ils Memorandum & Artides of A550Ciatlon. are such exdu8ively charitable purpose¥ as the Trustees may in their absolute di¥¢retion delemiine. The maln activities undertaken In r•l8tion to the purpo88B of the chaty 88 881 out in its goveming document are detailed below. In 8etling objectives and planning for activities, the Trustee8 have given due conyideralion lo general guid8nc6 published by the Charlty Commis*on relab'ng lo public benofil, Including the guldance 'Public benefll.. running charity IPB21'. b. Maln actlvltl•• undortak•n to furth•r tho Charlty'• purpo•g• for the publlc b•nofit The Charity h88 been esl8blisheil as a grant maker with wde charitable purposes for maximum flexibility. Wllhoul limilallon, the Truslees initially w8h lo focus on making gr8nt8 lo prqects aimed al advancernenl ol educallon, confllcl resolution and ttuman rights, sustainable development and the protectlon, enhoncemenl and Tehabilitalion of the environment. Achl8v•m•nts Ind performance •. Maln achl•v•ment• of th• Charlty The Charity paid out grants to inslilubon5 during the period lotalling £75,00012019 - £75,000) of whlch £25,000 was to the Winston Churchill Memorial Trust {2019.' £25.0001 and £50,000 w83 to Mental He811h Innovation 12019". £50.000}. The grants rna(le in the ye8T were lo prolects with alm8 that align with the CharOWs focus above. Flnancial revlew a. Golng concern After making appropriate enquiries, the Tru51ees have a reasonable expectstson that the Charity has adequate resources to continue in operational eStenCe for the foreseeable fiJIu. For this reason, they continue to adopt the going concem basis In preparing the flnanci81 stalemenls. Further delai18 regarding the adoption of the going concern basis can be found in the accounting policies. Page 2
JOCK'S INFLUENCE LIMITED IA CoMnY Ilmlted by #hare capltal and registered charltyl TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOED 31 DECEMBER 2020 b. Flnanclal po*ltlon The Charity received donation8 01 £50,00012019'. £50.0001 during the year. Gift èid of £12,55012019.. £12,500) has been recelved from HMRC. In addition, 8 donation of prolession81 fees of £1,99312019.. £2,006) was alg9 received. The Gharity incurred expenditure of £80,714 {2019'. £82,448) which has resulted in a nel deficit of £18,171 12019.. £17,942). The Trustees apply the income received by giving grant8 lo tharitable bodi88. The grant8 paid in the year have been disclosed wthln the review ol'Acheivemenls' above. c. Re8èTheg pollcy The Charity only holds unraslrlcled funds which are available for use al the discretion of the TruBtee5 in furtherance of the general objeth'ves of tha Charfty and whlch have not been deBlgn8led lor olhar purposèB. Al the year end, the Charity held unre51fiCted general funds of £165,365 12019.. £181,536). Glven that the rnalorfly ol the Charity's expenditure arises from gr8nl-making 8Ctivilies which 8re awarded 81 the discretion af the Trustees, wo conclude that the level of reseryes held al the year end18 ad8qu8te. The nature of the CharilV6 op8rats.ons 18 8uch that Covid-19 18 not deemed to have a significant Impact on the Charills current or future activities, nor on the 8bove pollcy. structur•, governance and manag•m8nt Conitltutlon Jock's Influence Llmiled was formerly known 9$ A28D Foundation UK. It wo5 inwrporaled 8$ g charitable company limited by shares on 23 April 2014 IComp8ny Registered Number 0900619818nd also regist8red Os Charity on 25 June 2014 (Charity Registered Number 11575961. The change of name by Resolution was adoplgd on 1 Augu812017. b. Methodj of appolntment or electlon of Tru•tee• The management of the Charity is the SponsIbl11ty of the Trustees who are elected and co-opted under the terms of the Memorandum of Associabon. c. Organlsatlonal structure and d6cl8lon4naklng pollcl•• Jock's Influence Limited is a wholly owned subsidiary of Jock's Influence Inc. (formerly A2BD Foundation USI, a not-for.profrt oryanisation reg1Stered in Ihe United Slates, whith is the Charitys sole sh8reholder. The Tru8tee8 meet on an annual basi8 to oversee the development of the Foundatlon and lo delemilne grants will be made lo. In preparing this report, the trustees have taken advantage of the small companies exemptions wlhin Part 15 01 the Companies Act 2006. Page 3
JOCK'8 INFLUENCE UMITED IA Gomp•ny Ilmll•d by ¥h•M caphl and r•gl•t•rnd charf TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Approved by order of tho members of the board of TTU5tees 8nd signgd on their bohall by. David Blood D8t8'. Il, l¢JX Page 4
JOCK'S INFLUENCE LIMITED IA company Ilmtted by share capltal and reglslered charlty) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Independont ox8mln•f8 r8port to the Tru8t•&8 of Jock'8 Influencè Llmlt•d Ilh8 Charlty,) I report to the charlty Tru8lees on my ex8minalion ol the accounts of the Charity for the year ended 31 December 2020. Rèspon8lbllltlè8 and ba818 of roport As the Tru¥lees of the Charity land its directors for the purposes of company lawl you are responsible lor the preparation ofthe accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Act'i, Having satisfied myself that the accounts of the Charity are not required lo be audited under Part 18 of the 2008 Act and are eligible for independent examination, I report in sPeCI of my examination ol the Charitls accounts carried OLrt under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrwng out my examination I have followed the Dlrectlons given by thè Ch8Nty Cornmission under 8ectlon 14515llbl of the 2011 Act. Ind•p•nd&nt examlnerfs ststement I have completed my examination. I confirm that no matter8 hNve come to my attention In connection wth the ex8minalion giving me eAu8e lo believe in any material respect.. accounllng records werè not kept in respect of the Charity as requlred by 8èCtlon 386 of the 2006 Act., or the accounts do not accord th those records,. or Ihè accounts do not comply wlh the accounting requirements of section 396 01 the 2006 Act other than any requirement that the accoun15 give a Irue and fairf view which 18 not a matter considered a8 part of an independent examlnation., or the accounts have not been prepared in accordance wlh the method8 and prlnciples of the Slatemenl of Recommended Practice for accounting and reporting by charilles applicable lo charities prep8ring their accounts in accordance the Flnancl81 Reporting Stsndard appllcable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come acro¥¥ no other matters in connecb'on vAth the •xamin4lion lo vthlch attention should be drawn In th1$ report In order to enablo 8 proper understgndlng of the accounts to be reathed. Signed.. Dated.. 2010512021 stuart M¢K8y 8Sc FCA DChA MHA Maclntyre Hudson, 8th Floor, 2 London W811 Place, London, EC2Y SAU Page S
JOCK'S INFLUENCE LIMITED (A c¢xnpany Ilmlted by Share ¢•pltftl and regl•tsred chirlty) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AMD EXPEMDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2020 Unrwtrlct•d funds 2020 Total funds 2020 Total funds 2019 Not• Income from: Donalion8'. Donallons Glft aid Tedalmed Donats'on of professional fees 60.000 12,560 1,993 60,000 12,550 1,99J 50,000 12,500 2,006 ToLg1 Incom• Expondltur• on.. Charft8t4e actIvIa&.. 64,543 04,54J 64,506 Gr8nl lo Wlnslon Churchill Memorlal Tru81 Grant lo Mental Health Innov8llon Independent examlnatlon fees Prole59iong1 fee# 25,000 50,000 2,508 3,206 26.000 60.000 2,$08 3,206 25,000 ,000 2,448 5,OC Tot•1 •xp•ndlture 80,714 80,714 82,448 Not mov•mant In fund• ReconclllatSon of fund•: 116,1711 116,1711 (17,942) Total fund8 brought forw8rd 181.636 181,636 199,478 Nel movement in fvnds 116,1711 116,171) (f 7,942) Total fundg c•rrled forward 166,365 165,366 181,536 Page 6
JOCK'S INFLUENCE LIMITED IA Company Ilmlted by ¥hare caplt•l and reglstsred charltyl REGISTERED NUMBER: 09006198 BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Note Current assets Debtors Cash at bank and In h8nd 990 186.883 13,503 170,481 167,873 183,984 Credilor8.' amounts18lllng due wlthln one year 12,5081 (2,448) Not Current a*%et• 166.365 181,536 Total nèt •#s•t• 166.366 181,536 Charlty fund• UnrÈstricled lund8 Share capltsl 166,364 181, 535 Tot81 unreslrlded funds 16S,366 181,536 Total fundo 166,366 Y81,536 The Charity was enllued lo exemption from audit under section 477 of the Componies Act 2008. The members have not required thè company lo obloin an audit for the year In queslicn In accordance wlh sectlon 476 of Companies Act 2006. The Trustees acknowledge iheir responsibllitles for complying wth the requirement8 of the Act vAlh rèspect lo accounting records and prepar811on of flnancial 51atemenl5. The financial st8lemenls have been prepared in accordance with the prow6ions applicable to entities subject lo the small companie¥ regime. The finoncial slalemenls were approved and authorised for Issue by the Trustees and signed on their beh81f ty. DAvld 81ood Dale.. The not95 On pages 8 to 11 form part of these financial stalemenl$. Page 7
JOCK'S INFLUENCE LIMITED IA company Ilmlt•d by 8h•r• pItal and r•g5st•r•d ¢h•rltyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 General Informatlon Jock's Influence Llmbted Is a prfvate charitable company limited by share caprtal registered with the Charity Commi55ion Icharity registration number 11575961 and Registrar of Companies Icompany registration numter 090061981 in Eryjlond and Wales. The address of the registered office is given in the Charfty infomialion on page 1 of these financial 8talemenls. The nature of the Charitls operations and principal activilles are detailed in the Trustees, report. The significant accounting pollcies apled the preparation of these fin8nclal 8talemenl8 are set out below, These policie¥ have been conBi8lenlly applles 10 all years presented unle88 otherySe slated. Accountlng pollcle• 11 Bas1• of prnparatlon of flnanclal statements Th8 ffinanaI 81alement8 have been prepgred in 8ccord8nce wth the Ch8rftles SORP {FRS 1021 Accounts'ng and Reporting by Charilie5.' Statement of Recommended Practice applicable to charities prèparing ihwr accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021, the Finanual Reporting Sl8nd8rd applicable in the UK ond Republlc of Ireland IFRS 10218nd the Companie8 Act 2006. Jock's Influence Limited meets Ihe definllien of a public bènefit enlily under FRS 102. Assets and liabilities are initially recognised al h151orical cost or transaction value unless olheNise slated in the relevant 8ccounling policy. Tha Ch8rity h86 applie(l Update Bullelln 1 and doe8 not Indude a Gosh flow stslewnenl on the grounds that il is applying FRS 102 Section 1A. The finandal slalemenls are presented in pounds sterling which is the functional cufferTrcy of the Charity and all amounty ale rounded to the nearest pound. 2.2 Golng concern The financial slalements have been prepared on a goin9 concem basis as the Trustee¥ believe that no material uncertainties exist, including considering the impact ol Covi&19. The Trustees have considered the level of fund5 held and the expected level ol Income 8nd expenditure for 12 months from outhorising these financlal slatemenls. The budgeted income and expenditure Is 8uffi'cienl with the level af reserves for the Charity lo be able to continue as a going concern. 2.3 Income All income Ss recognised once the Charity has entr(lemenl lo the income, it is probable that the inu>me will be received and the amount of income receivable can be measured reliably. 2.4 Expendllur• l expenditure is accokjnted foT on an accrupls basis. Expenditure is recognised Mce Ihere 18 a legal or constructive oblig81ion lo transfer economic benefit lo a third party. rt is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Page 8
JOCK'S INFLUENCE UMITED IA company Ilmltèd by share capltal and reglstered eharfty) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng pollcles Icontlnued 2.4 Exp•ndlture Icontlnu•dl Expenditure on charitable activities is Incurred on directly undertoking the ackn'vitles whlch further the Char¢Ws objectives, as well as any asscoaled support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. Suth grant8 being recognlsed as expenditure when the conditions attaching are ftjlfilled. All expendrture is indusive of irrecoverable VAT. 2.6 Taxatlon The Charlly 18 con8ldered lo pa88 the lesl8 set out in Paragr8ph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definlllon of 8 charitable eompany for UK corporallon lax purpos8S. Accordingly. the Charity is potentially exempt Irorn taxation in respect of income or capital gain¥ received wlhin categorie5 covered by Chapter 3 Part 1101 the Corporation Tax Act 2010 or Section 256 of the Taxallon of Chargeoble Gains Act 1992, to the extent that such income or gains are applied exclu¥ively lo Charitable purposes. 2.6 Debtors Tradè and other debtor8 8re recognlsed at the setuement amount after any trade discount offered. Prepayments are v81ued 81 the amount prep4id nel of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in h8nd indudes cash and 8hort-term highly liquid inve81menls wth a short malurily of three months or less from the d818 ol acquI110n or openlng of the deposll or simllar account. 2.8 Llabllltl•¥ and provl•ion¥ Liabilltle8 are recogn18ed when there is an obligatson al the Balance gheel dale as a result of 8 pa81 event, it is probable that a transfer of ecenornic benefit will be required In Settlement, and the amount of Ihp settlement can be 88b'mated reliably. Liabilities are recognised al the amount that the Ch8ri1y antIP8tes it will p8y to sellle the debt or the amount il ha5 received as advanced payments for the goods or servlces it musl provide. Page 9
JOCK'S INFLUENCE LIMITED {A Company Ilmit•d by ¥h•r• capital and r•gl$ter•d chJrltyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng pollcle8 Icontlnuedl 2.9 Flnanclal Inslrumonts The Charity only holds basic Financial Instruments. The finandal assets and finanu81 liabilities of the Charlty are as follows.. Oebtors - trade and other debtors are baslc finanaal instruments and are debt instruments measured al amortised cost as detailed in Note 8. Prepayments are not financial instruments. Cash at bank- is cl8ssified as a b88ic finan81 instrument and 18 measured al f8c8 value. Liabilitie8 - trade creditors, accruals and other creditors wll be cl888ifi8d a8 flnanclal instruments, and are measured al amortised Cost as detailed in Note 7. 2.10 Fund •ccountlng General funds are unreslricled funds whlch are av8i18ble for use al the discrets'on of the Trustees in rtherance of Ihe general objectsves of the Charity and lch have not been designated for othgr purp08es. Crltlcal •ccountlng 08tlmates and areas of Judgment E8limales and judgmen15 are continually evaluated and are based on historical experience and other f4¢lors, includlng expeetsllons of future evenl8 that are believed lo be rea8on#blè under the circumsl8nces. Crrtical accounting estimates and as5umptions'. The Charity make8 e8tim8les and a88umptions concerning Ihe future. The resulting aecounling estimates and assumptions 11, by definition, 8eldom equal the related actual results. The eslim8188 8nd 8S5umptions that have a significant risk of causing a material adjuslmenl to the Carrng amounts of assets and liabilities within the next financial year are discussed below. Crillcol areas of judgment.. Given the nature of the Charity's income streams, that the Chorty continues to recelve voluntary donations and hence rernains a going concern. Stsff costg The Charity employed no 81aff in elther the current or prlor year. Trust••s' r•mun•ratlon and expen8•s The Trustees ere cLsIdered to be the Key Management Pwsonnel of the Charity. During the year, no Trustees received any iemuneralion or other beneffits (2019 - £NIL}. During the year ended 31 December 2020. no Trustee expenses have been IncJJrred (2019- £NILJ. Page 10
JOCK'S INFLUENCE LIMITED IA company IlmStsd by share capFtal and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Debtorn 2020 2019 Du• wlthln on• year Accrued grft 3i(f Prepayments 12,500 1,003 990 990 13,503 Cr•dltof•.' Amount• falllng du• vAthln ong year 2020 2019 Accru415 2.508 2,448 Shape capltal 2020 2019 Allott•d, Called up and fully pald 1 Ordinary Share of £1 The £1 ordinary shareholder is Jock's Influence Inc, (formerly A2BD Foundation USI, 8 nol-for-profil organisalion registered in the United SlaleJ. Shares carry a nominal value of 100 pence each and are not transferable, nor can they be withdrawn. They carry no right to interest, dividend or bonus. Related party tran5actlon Jock's Inlluence knmited is 8 wholty owned sub81diary of Jock'8 Influence Inc. whlch 18 the Charitys sole shareholder. Duriw the year Davld 81¢)od, a Tnjslee of the Charity, donated £50,000 lo the Charity12019'. £50,000) th no conditions or re31Ticts'ons. In 8ddits.on David Bloi)d paid profe88ional fee8 on behalf of the Charity totalling £1,99312019. £2,006). Page 11