Do¢uslgn Envelope ID.. $1262943£D6947W78B41C563CBCEDC Company Registered Number: 09006198 Charity Rogl$t•rèd Number- 1157596 JOCK'S INFLUENCE LIMITED {A company limited by share capital and registered charity) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Oocu5ign Envelope ID.. 51262943£DB947S78B41c563CBCEDC JOCK'S INFLUENCE LIMITED IA company Ilmll¢d by $har• ¢apital and registered charity} CONTENTS Page Reference and Admlnlstrattve Detalls of the Charlty. Its Trustees and Advl$èrs Tru$tee$' Report Indop¢ndènt Examinerfs Report Statement of Flnanclal Actlvltles Balance Sheet Not¢$ to the FlnancSal Statgmgnts 8-11
Docu Envelcpe ID.. 51262943-CDB94756-B78841C563CBCEOC JOCK'S INFLUENCE LIMITED (A company limited by share capltal and reglsttrred chaylty) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Tru$tee$ David Blood Peter Harrls Beth Blood Company regiSted number 09006198 Charlty Tegistored numbar 1157596 RegISter ofti¢e Third floor 20 Old Bailey London EC4M 7AN Company se¢retary Temple Seerelarial Limited Independent Examinef Rachel Doe Bsc FCA DChA MHA Chartered Accountants MHA House Charter Court Phoenix Way Swansea Enterprise Park Swansea, United Kingdom SA7 9FS Bankers Barclays 1 Stanhope Gate London W1K IAF Sollcltors Vvithers LLP 20 Old Bailey London EC4M 7AN Page 1
Do9n Envelop8 ID.. 51262943.CD8475B7884ycSG3CaCEDc JOCK'S INFLUENCE LIMITED IA company limited by share capEtal and reglslered Charftyl TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together with Ihe financial slalemenls of the Charity for the year from 1 January 2023 10 31 December 2023. The Annual report serves the purposes of both a Trustees. report and directors. report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply wilh the curnnl statutory requlrem8nts, the requirements of the charitable companrfy governing document and the provisions of the Ststement of Recommended Practice ISORPI applicable lo charities preparing their accounts in accordance with the Firtancial Reporting Standaid applicable in the UK and Republic of Ireland IFRS102}. Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under tho Companies Act 2006 (Strategic Report and Directrjrs, Report) Regulations 2013 has boen omitted. ObJectlve$ and a¢tfvitie$ 8. Pollcle8 and obJectSves The objects and purpose of the Charity. as per its Memorandum & Articles of Association, are such exclusively charitable purposes as the Trustees may in their absolute discretion determine. The main activities undertaken in relation lo the purposes of the charity as set out in its governing document are detailed below. In setting objectives and planning for aclNilies. the Trustees have given due consideration lo general guidance published by the Charity Commission rglaling lo public bengfit, includlng the guidance 'Public benefit.- running a charity IP82)'. b. Maln actlvltles undertaken to further the Charity's purposes for the public benefll The Charity has been established a5 a grant maker with wide charitable purposes foi maximum flexibility. Wilhoul limitation, the Trustee5 initially wish lo focus on making grants lo projects aimed al advancement of education, confiict resolution and human rights, sustainable development and the protection. enhancement and rehabilitation of the environment. A¢hlevoments and perfomiancè Main achievements of the Charity The Charity paid out grants lo institutions during the period lotalling £65.000 (2022- £10.OOOJ. £25,000 was pald to the Royal Bolanlc Gardens to support scientific research to help find solutions ¢0 bSodiversily loss and tlimate change by delivering science-based knedge through projects such as the Evolutionarily Distinct and Globally ErKlangered (EDGE) Framework. £25,000 was pald to the Global InstSlute for Women's Leadefshlp whlch helps support the team expand Ihelr work lowards gender equalty. £15,000 was paSd lo the Caxton Youth Organlsalion which helps support tho independenc¢ of young pgople learning difficulties and autism by providing trips into the communty and participation in a wde variety of activities from photography lo horse ridir¥J. The grants made in the year were lo projects wlh aims that align with the Charitys focus above. Page 2
Docu$ign Envèbpe ID." 51262943£D894756-B78B41C563CBCEDC JOCK'S INFLUENCE UMITED IA company limited by share capital and r8gl$t•r•d charltyl TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financlal revlew a. Golng concern After making appropriate enquiries. the Trustees have a reasonable expe¢tab'on that the Charity has adequale sources to contsnue in operation21 existen¢e for the foreseeable futu. For this reason, they continue to adopt the going concern basis in preparing the financlal ststements. Further detslls regarding the adoption of the gtsing concern basis can btr found in the accounting policies. b. Financial p051tion The Charty recèived donations of £100,000 (2022 - £100.000) during the year. Girt ald of £25.365 (2022 £25,080) has been reclaimed from HMRC. The Charity incurred expenditure of £71.090 f2022 - £15,940J whkh has resulted in a net surplus of £54,275 (2022- £111,120). The Trustees appty the income received by giving grants to charitable bodies. The grants paid h the year have been disclosed within the Tevtew of'A¢heivements' above. e. Rèservès policy The Charity only holds unreslricled funds which are available lor use al the discretion of the Trustees in furtherance of the general objtsclives of the Charity and which have not been designated for other purposes. At the year end, the Charty held unreslricled general furKt5 of £442,117 (2022 - £387,842J. Given that the majority of the Chariws expenditure arises from grant-making activities which are awaided at the discretion of the TrL*slees, we condude that the level of reseeS held at the year end is adequate. Structurg, gov?mance and management a. Constitution Jock's Influence Limited was fomierfy known as A2BD Foundation UK. 11 was incorporated a5 a charitable company limited by shares on 23 April 2014 Icompany Registered Number 09fK)61981 and also registered as a Charity on 25 June 2014 (Charity Registered Number 11575961. The Change of name by Resolution was adopted on 1 August 2017. b. Methods of appointment or election of Trustees The management of the Charity is the responsibilty of the Trustees who are eleeled and co-opte(f under the terms of Ihe Memorandum of Association. Organisational structure and deGi5ion4naking policies Jock's Influence Limited is a wholty owned subsidiary of Jock's Inffluence Inc. {formerfy A2BD Fovndation US). a not-for-profil organisalion registered in the Unile(J Slates. which is the Charivs sole shareholder. The Trustees Meet on an annual basis lo oversee the development of the Foundation and to deteimine who grants wtll be made lo. Page 3
Docuswft Envelope ID.. S126294>CDB94756-878B41C563CBCEDC JOClfS INFLUENCE LIMITED IA company limtted by Share capital and registered charity TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2023 In preparing this report, the Trustees have taken advantage of the small companies exemptions wlhin Part 15 of the Companies Act 2006. Approved by order of the members of the board of Trustees and signed on their behalf by. Dale.- July 18, 2024 Page 4
Docusl9n Envelope ID.. 51262943£0B94756-B78341C563C8CEDC JOCK'S INFLVENCE LIMITED (A company lirnitsd by share capital and registered charity} INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Ind&pend¢nt Examlnerfs Report to the Trustees of Jock's Influence Llmlled (Ihe Charlty'l report lo the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023. Rosponslbllitles and Basss of Report As the Tiuslees of the Charity land its 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'lhe 2006 ACVI. Hamng sasfIed myself that the accounts of the Chartly are not required lo be auditgd under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charills accounts carried out under section 145 of the Charities Act 2011 1.the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indepgndont Examlnerfs Statement I have completed my examinalion. I confirm that no matters have come lo my attention in connection the examination giving me cause to believe in any material rèspect.. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act.. or the aceounls do not accord wlh those iecords., or the accounts do not comply wlh the accounting requirements of se¢lSon 396 of the 2006 Act other than any Teouirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordancR with the methods and principles of the Statement of Recommended Pr8¢ti¢e for accounting and reporting by charities applicable to charities preparing their accounts in 8ccordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 102). I have no concems and have come across no other matters in connection wlh th& examination to which attention should be drawn in this report in order lo enable a proper understanding of the accourits lo be reached. Signed: Dated: 17/a%- Rachel Doe Bsc FCA DChA MHA MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS Page 5
Lkncu$Lqn Envelope10.. 51262943-CDB9475e-B Y8841C563CBCEDC JOCK'S INFLUENCE LIMITED IA company limited by Share capital and registered charity} STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestri¢ted funds 2023 Tot•1 funds 2023 Total funds 2022 In¢om& from: Donations.. Donations Gift aid reclaimed Donation of professional fees 100.000 25.365 100,000 25.365 loo.000 25,080 1.980 Total In¢om• 125,365 125,365 127,060 Expendlturn on: Charitable activities.. Grants Independent examinalion fees Professional fees 65.000 2.760 3.330 65,000 2,760 3.330 10,000 2,760 3.780 Total èxpenditure 71,090 71.090 15,940 Net movement In funds 54.275 54.275 177,120 Reconclltatlon of funds: Total funds brought forward Nel movement in lunds 387.842 54,275 387,842 54.27S 276,722 117,120 Total funds carried forward 442.117 442.117 387,842 The Statement of Financial Aclivilies includes all gains and losses ro¢ognised in the y8ar. All income and expenditure derive from continuing actmties. The notes on pages 8- 11 form part of these financial statements. Page 6
DorAJ5i9n Envelope ID.. 51262943-coB75788AlCS63CBCfDC JOCK'S INFLUENCE LIPIITED IA company Ilmlted by share capltal and registered ¢harlty} REGISTERED NUMBER: 09006198 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2023 2022 2022 Note Current assets Debtors 25,990 418.887 25.990 364.612 Cash at bank and in hand 444.877 390,602 Creditors= Amoun15 falling due within one year 12,7601 (2. T60J Nèt currént ass•t$ 442.117 387,842 Total net assets 442.117 387,842 Charity fvnds Unrestricted funds Share capital 442.116 387.841 Tolal unrgstricted funds 442.117 387.842 Total fund$ 442,117 387,842 The Charity was enliued lo exemption from audit untjer section 477 of the Companies Act 2006. The members have not reqLtired the company to obtain aa audit for the year in question in accordance w*th section 476 of Companies Act 2006. The Trustees acknowledge their resptsnsiblllles for complying with the requ1Ments of the Act wth respect lo accounting records and PTepaTalion of financial statements. Tho financial slalemenls have been prgpared in accordance wlh the provisions applicable lo entities subject lo th9 small companles reglme. The financial statements were approved and aulhorised for Issue by the TNstees and slgned on their behalf by.. dby.. ¥Ko DaviS'Uf..a Dale.. July 18, 2024 The notes on pages 8 to 11 forni part of these financial statements. Page 7
DoN5ign Envelope ID.. 5126294&CDB94756-878841C563CBCEDC JOCK'S INFLUENCE LIMITED (A company Ilmlted by share capFtal and registered charty) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 G¢neral Infom)atlon Jock's Influence Limited is a private charitable Company limilod by share capital registered th the Charity Commission (Charity registration number 11575961 and Registrar of Companies (Company registration number 090061981 in England and Wales. The address of the registered Office is given in the Charity infomialion on page 1 of these financial statements. The nature of the Charitys operations and principal activitses are detailed in the TrLtsleos' report. The significant a¢wunting poli¢lgs applied in the preparation of these flnanclal statements are set out below. These policies have been consistently applies to all years presented unless otherwise stated. Accounting pollcles 2.1 Basls of preparatlon of flnanclal statements The finan¢ral slalemenls have been Prepared in accordance with the Charities SORP IFRS 102} - Accounting and Reporting by Charities.- Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Ad 2006. Jock's Influence Limited meets the delinilion of 8 public benefit entity under FRS 102. Assets and liabilit16s are initially recognised al historlcal cost or transaction value unless Otherwse slated in the relevant accounting policy. The Charity has applted Update Bulletin 1 and does not include a cash flow stalemenl on the grounds that il is applwng FRS 102 Section 1A. The flnancial statements are presented in pounds sterting which is the functional Currency of the Charity and all amounts are rounded to the nearest pound. 2.2 Going concern The financial statements have been prepared on a going concem basis as the Truslees believe that no maleiial unCertaintS exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expendllure Is sufficSenl wth the level of r8serves for the Charity lo be able to continue as 8 going concern. 2.3 Incom l income is recognised once the Charlty has enlidemenl to the Income. 11 Is probable that the income will be reiVed and the amount of income receivable can be measured rellay. Paoe 8
DouJ$ign Envebpt IQ.. 51262943¢0B94756-878841C563CBCEDC JOCK'S INFLUENCE LfMITED IA company Ilmlted by share ¢ap5tal and registered charltyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting poll¢le$ {¢ontlnued) 2A Expendlture All expenditure is accounted f(w on an accruals b8sis. Expenditure is re¢ognised once there is a legal or conslruclive obligation to transfer economic benefit lo a third party. it is probable that a transfer of economic benefits will be requiTed in sèttlement and the amount of the obligation can be measurad reliably. Expenditure on charitable activitigs is incurr9d on directly undertaking the act1vleS whlch fL¢rther the Charivs objeclrves. as well as any associalgd sijpport costs. Grants payable are charged In the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fvllilled. l expenditure is inclusive of irrecoverable VAT. 2.5 Taxallon The Charity is considered to pass Ihg tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company foi UK Corporatlon tax purposes. Accordingly, the Charity is potentially exempt from taxation in r8spe¢l of in¢ome or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively lo charitable purposes. 2.6 Debtors Trade and other debtors are recognlsed at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any Irade diseounls dLte. 2.7 Cash at bank and in hand Cash at bank and in hand include5 cash and short-lerm highly liquid investments with a short maturity of three month5 or less from the dale of acquisition or opening of the deposit or similar a¢¢ounL 2.8 Llabllltles and provl$lons Liabilities are reeognised when there 15 an obligation al the Balance Sheet date as a result of a past event, it 15 probable that a transfer of economic benefit will be required in settlement, and the amount of the selllement can be estimated reliably. Liabilities are recognised al the amount that the Charity anlicipales il will pay lo settle the debt or the amount il has received as advanced payments for the goods or services it musl provide. Page g
DocustgTr Enve(ope ID.. 51262943CD894756678B41C863CBCEDC JOCK'S INFLUENCE LIMITED {A company Ilmlted by share capital and registered charity) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng poll¢les (continued) 2.9 Financial instruments The Charity only holds basic Finarhcsal Instruments. The ftnancial assets and finan¢ial li3bilities of the Charity are as follows.. Debtors- trade and other debtors are basic financial Instruments and are debt rnslrurnenls measured al amortlsed cost as detailed in Note 6. Prepayments are not financial instruments. Cash at bank- is classified as a basic financial instwment and is measured at face value. abilities trade creditors. accivals and other ereditors will be classified as financlal instruments. and are measured at amortised cost as detailed in Note 7. 2.10 Fund accountlng General lunds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Critical accountlng estlmatès and arèas of ludg•m&nt Esttmales and judgements are conllnually evaluated and are based on hlstorical experience and other factors, it)cluding expectation5 of future events that are beIVed to be reasonable under the rArcumslances. Critical accounting estimates and assumptions.. The Charity makes eslimales and assumptions concerning the future. The resulting accounting estimates and assumptions w711, by definition. seldom equal the related actual results. The estimates and assumptions that have a significanl risk of causing a material adjustment to the carryng amounts of assets and liabilities within th$ noxl financial yoar are discussed below. Critical areas of judgement.. Given the nature of the Charitys income streams, that Ihe Charity continues lo recelve voluntsry donat(ons and hence remalns a going con¢ein. staff costs The Charity employed no staff in either the current or prior ye8f. Tru$t¢es' remuneration and expenses During the year. no Tnjslees received any remuneration or other benefits (2022- £NIL). Dring the year ended 31 Decembèr 2023. no TfLtsl8e èxpenses have been incurred (2022- £NIL). Pago 10
Docu5iw Envelgpp ID.. 51262943£DB9478841¢s63CBCEc JOCK'S INFLUENCE LIMITED IA company Ilmllgd by share caphal and registered charltyl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Dgbtors 2023 2022 Due w5thln ong yaar Accrued gift aid Prepayments 25.000 990 25.000 990 2S,990 25,990 redltors: Amounts falllng due wlthln one year 2023 2022 Accruals 2,760 2,760 Share capltal 2023 2022 Allott¥d. callod up and fully paid 1 Ordinary share of £1 The £1 ordinary shareholder is Jock's Influenco In¢. (fomierly A2BD Found8ts'on USI, a not-for-profit organisatron regIsled in the United Stales. Shares carry a nominal value of 100 pence each and are not transferable, nor can they be withdrawn. They carry no Tight to interest. divtdend or bonus. Related party transactions Jock's Influence Limited is a wholly owned subsidiary of Jock's Influence Inc. which is the Charflls sole shareholder. During the year David Blood. a Trustee of the Charity. donated £100.000 lo the Charity (2022 £100,000) bwth no conditions or rgstrictions. In ad(Jilion David Blood paid professional fees on behalf of the Charity totalling £Nil (2022- £1,980J. Page 11