The JC Eudaimonia Foundation
Report and financial statements (unaudited)
Year ended 31 March 2025
Company Limited by Guarantee Registration Number 09134082 Charity Registration Number 1158814
Contents
| Reports | |
|---|---|
| Reference and administrative details | 1 |
| Trustees’ report | 2 |
| Independent examiner’s report | 6 |
| Financial statements | |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Principal accounting policies | 10 |
| Notes to the financial statements | 13 |
The JC Eudaimonia Foundation
Reference and administrative details 31 March 2025
Trustees Jeremy Joseph Coller Jonathan Danziger Coller Steven Michael Daniels Peter Clifford Leach David Norman Marks
Registered office Level 3 Park House 116 Park Street London W1K 6AF
Company registration number 09134082 Charity registration number 1158814 Independent examiner Buzzacott Audit LLP 130 Wood Street London EC2V 6DL
Bankers J P Morgan International Bank Limited 60 Victoria Embankment London EC4Y 0JP
The JC Eudaimonia Foundation 1
Trustees’ report 31 March 2025
The trustees present their annual report together with the audited financial statements of the charitable company for the year 1 April 2024 to 31 March 2025. The annual report serves the purposes of both a trustees’ report and a directors’ report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The JC Eudaimonia Foundation was incorporated as a company limited by guarantee in England and Wales on 16 July 2014 with company number 09134082. The company is also a charity registered in England and Wales with number 1158814.
The principal object of the Foundation is to apply its income for general charitable purposes.
Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Organisational structure and decision making
The Foundation is governed by its Memorandum and Articles of Association, dated 16 July 2014, by a Board of Trustees, who are recorded on page one. The Trustees are responsible for the management of the Foundation’s business, including setting policies and strategy and approving budgets for the Foundation.
Policies adopted for the induction and training of Trustees
All Trustees must have had experience of managing businesses at a senior level and are required to undertake any relevant courses on the structure and operation of charities as are deemed necessary.
Key Management Personnel
The Trustees do not receive any remuneration or benefits. Trustee expenses are disclosed within note 5 of the financial statements.
Risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
The JC Eudaimonia Foundation 2
Trustees’ report 31 March 2025
OBJECTIVES AND ACTIVITIES
Principal activities
The JC Eudaimonia Foundation is registered as a charity in England and Wales. The Trustees confirm that they have had regard to the Charity Commission guidance on public benefit when reviewing and setting the Foundation’s aims and objectives. Its principal activities are focused on supporting a number of registered charities with an emphasis on welfare, education and cultural causes.
Achievements and Performance
The Foundation made grants and donations to 13 (2024: 13) different entities in the period.
FINANCIAL REVIEW
Financial report for the year
During the year, the total income decreased to £230,120 (2024: £1,135,486). The income in the year was driven by a grant from the Jeremy Coller Foundation to the entity to support its grant making operations.
In 2025, JC Eudaimonia made direct grants of £490,000 (2024: £654,208) and incurred other costs of £3,679 (2024: £11,548) and a foreign exchange loss of £2,269 (2024: £6,783) for a total expenditure of £495,948 (2024: £672,540).
Reserves Policy
The Trustees have determined that holding a large quantity of reserves is unnecessary as the benefactors are able to provide additional funding as requirements dictate and there are currently no long term commitments.
At the end of the year, the Foundation held reserves of £233,933 (2024: £499,761). This was entirely comprised of general funds.
Financial position
The business model of the charity is such that its charitable activities are limited to making grants following trustee review of available funds and the funders’ intended future donations. To date, it has made no long term commitments, funding only one year grants or shorter. The trustees have reviewed forecasts covering the period of 12 months from the date of approval of these financial statements which indicate the charity will have sufficient funds to meet it liabilities as they fall due for that period, which are £nil, as well as covering a schedule of grants that are under review.
The Trustees consider that as a result of the charity’s operating model explained above, even if no further funding is received in the 12 months period, the charity has sufficient cash reserves to pay all committed costs. As a result, the Trustees consider it appropriate for the financial statements to be prepared on a going concern basis.
The JC Eudaimonia Foundation 3
Trustees’ report 31 March 2025
FUTURE PLANS
The Foundation will continue to develop a grant programme with new and existing grantees, with an emphasis on welfare, education and cultural causes.
The JC Eudaimonia Foundation 4
Trustee’s report 31 March 2025
Statement of trustees responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance 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 state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP (FRS102);
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to the small companies regime as set out in part 15 of the Companies Act 2006.
Approved by order of the members of the Board of Trustees and signed on their behalf by:
Jeremy Coller Trustee Date: 03/11/2025
The JC Eudaimonia Foundation 5
Independent examiner’s report 31 March 2025
Independent examiner’s report to the Trustees of The JC Eudaimonia Foundation
I report to the charity trustees on my examination of the financial statements of the charitable company for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the financial statements of the charitable 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 your charity’s financial statements as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe:
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accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the for “Accounting and Reporting by Charities: the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).”
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alison Pyle Buzzacott Audit LLP 130 Wood Street London EC2V 6DL
5 November 2025
The JC Eudaimonia Foundation 6
Statement of financial activities (incorporating income and expenditure account) 31 March 2025
| Notes | Unaudited 2025 £ |
2024 £ |
|---|---|---|
| Income Donations 1 Gift Aid 1 Investment income 2 Total income Expenditure Charitable activities: . Grants payable 3 . Foreign exchange loss Total expenditure Net (expenditure)/income and net movement in funds Total funds at 1 April 2024 Total funds at 31 March 2025 |
230,000 — 120 |
909,085 225,149 1,252 |
| 230,120 493,679 2,269 |
1,135,486 665,757 6,783 |
|
| 495,948 (265,828) 499,761 |
672,540 462,946 36,815 |
|
| 233,933 | 499,761 |
All funds are unrestricted and relate to continuing activities, during the above two financial periods.
The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 15 form part of these financial statements.
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Balance sheet 31 March 2025
| Unaudited | Unaudited | ||||
|---|---|---|---|---|---|
| Notes | 2025 | 2025 | 2024 | 2024 | |
| £ | £ | £ | £ | ||
| Current assets | |||||
| Debtors | 225,148 | 225,148 | |||
| Cash at bank and in hand | 4 | 10,235 | 285,713 | ||
| 235,383 | 510,861 | ||||
| Current liabilities | |||||
| Creditors: amounts falling due within | |||||
| one year | (1,450) | (11,100) | |||
| Total net assets | 233,933 | 499,761 | |||
| The funds of the charity: | |||||
| Unrestricted funds | 233,933 | 499,761 | |||
| 233,933 | 499,761 |
For the year ended 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No member of the Company has deposited a notice, pursuant to Section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
The Trustees acknowledge their responsibilities for ensuring that the Company keeps accounting records which comply with Section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Jeremy Coller Chair
Date: 03/11/2025 Registered number: 09134082
The notes on pages 13 to 15 form part of these Financial Statements.
The JC Eudaimonia Foundation 8
Statement of cash flows 31 March 2025
| A | Notes | Unaudited 2025 £ |
2024 £ |
|---|---|---|---|
| Cash flows from operating activities: Net cash (used in) provided by operating activities A Cash flows from investing activities: Interest received Net cash provided by investing activities Change in cash and cash equivalents in the year Cash and cash equivalents at 1 April 2024 B Cash and cash equivalents at 31 March 2025 B |
(275,598) |
247,646 | |
| 120 | 1,252 | ||
| 120 | 1,252 | ||
| (275,478) 285,713 |
248,898 36,815 |
||
| 10,235 | 285,713 | ||
| Notes to the statement of cash flows for the year to 31 March 2025. Reconciliation of net movement in funds to net cash provided by operating activities |
| B | Unaudited 2025 £ |
2024 £ |
||
|---|---|---|---|---|
| Net movement in funds (as per the statement of financial activities) Adjustments for: Interest receivable Increase in debtors (Decrease)/increase in creditors Net cash(used in) provided by operating activities |
(265,828) (120) — (9,650) |
462,946 (1,252) (225,148) 11,100 |
||
| (275,598) | 247,646 | |||
| Analysis of changes in net debt | 2024 £ |
Cash flows £ |
Unaudited 2025 £ |
|
| Cash at bank and in hand Total cash and cash equivalents |
285,713 | (275,478) |
10,235 | |
| 285,713 | (275,478) |
10,235 |
The JC Eudaimonia Foundation 9
Principal accounting policies 31 March 2025
The Financial Statements are prepared under the historical cost convention and in preparing the Financial Statements the Charity follows best practice as laid down in the Statement of Recommended Practice” Accounting and Reporting by Charities" (Charities SORP (FRS 102)) and comply with the charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 2011.
General information
The JC Eudaimonia Foundation is a charity and company limited by guarantee incorporated in England. The charity’s registered office is Park House Level 3, 116 Park Street, London, W1K 6AF.
Basis of preparation
The financial statements have been prepared for the accounting period 1 April 2024 to 31 March 2025 with unaudited comparative information provided in respect to the accounting period 1 April 2023 to 31 March 2024.
These financial statements have been prepared in accordance with the Charities SORP (FRS 102) – Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The JC Eudaimonia Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared in sterling and rounded to the nearest pound.
Going concern
After making enquiries, the Trustees have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Income recognition
Income is recognised once the Charity has entitlement to the income, it is probable that the resources will be received, and the monetary value of income can be measured with sufficient reliability. Income comprises donations, gift aid, and investment income and interest receivable.
Donations are recognised when the charitable company has confirmation of the both the amount and the settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is probable.
Investment income is accounted for in the period in which the Charity is entitled to receipt.
The JC Eudaimonia Foundation 10
Principal accounting policies 31 March 2025
Income recognition (continued)
Interest receivable is included when receivable and the amount can ben measured reliably by the charitable company; this is normally on notification of the interest paid or payable by the bank.
Foreign currency transactions and balances
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains or losses on translation are included in the profit and loss account.
Charitable activities
Costs of charitable activates include grants made and an apportionment of overhead and support costs where applicable.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Foundation. Single or multi-year grants are accounted for when the recipient has a reasonable expectation that they will receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Foundation.
Governance costs comprise costs relating to the general running of the charity as opposed to those associated with generating funds or charitable activities.
Expenditure
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at 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.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
The JC Eudaimonia Foundation 11
Principal accounting policies 31 March 2025
Liabilities and provisions (continued)
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
Charitable status
The Trust is a registered charity, number 1158814, and is exempt from taxation on its income and capital gains.
Judgements and key sources of estimation uncertainty
The preparation of financial statements requires the use of certain accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. In the application of the accounting policies, Trustees are required to make judgements, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods.
In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
The items in the financial statements where these judgements and estimates have been made include the estimate of future income and expenditure flows for the purposes of assessing the going concern status.
The JC Eudaimonia Foundation 12
Notes to the financial statements Year ended 31 March 2025
1 Income from donations
| Unaudited 2025 £ |
2024 £ |
|
|---|---|---|
| Donations Gift Aid |
230,000 — |
909,085 225,149 |
| 230,000 | 1,134,234 |
2 Investment income
| Unaudited 2025 £ 2024 £ 120 1,252 |
|
|---|---|
| Bank interest |
3 Charitable activities
The charity made grants to the following institutions:
| Unaudited 2025 |
2024 £ |
|
|---|---|---|
| Grantspayable | £ | |
| Recipients Jewish Care Community Security Trust Holocaust Educational Jewish Leadership Council Kisharon Langdon Norwood ELNET UK Limited Wiener Holocaust Library JW3 Development March of the Living World Jewish Relief United Synagogue EMYG 2024 Ltd UBS Optimus Foundation National Library United Jewish Israel Appeal PEF Israel Endowment fund Support of grant making activities Governance costs (note 4) |
130,000 100,000 100,000 25,000 25,000 25,000 25,000 15,000 10,000 10,000 10,000 10,000 5,000 — — — — |
100,000 50,000 25,000 25,000 — 25,000 — 10,000 10,000 10,000 25,000 — — 243,634 81,211 25,000 24,363 |
| 490,000 3,679 |
654,208 11,548 |
|
| 493,679 | 665,756 |
The JC Eudaimonia Foundation 13
Notes to the financial statements Year ended 31 March 2025
4 Governance costs
| Unaudited 2025 £ |
2024 £ |
|
|---|---|---|
| Audit fee (including VAT) Accountancy fees Bank charges |
— 3,244 435 |
11,100 — 448 |
| 3,679 | 11,548 |
5 Trustees renumeration
The Foundation has no employees.
No trustees (2024 – none) received any remuneration. No expenses (2024 – none) were reimbursed to, or paid on behalf of, any trustees. The key management personnel of the charity are the trustees.
6 Taxation
The JC Eudaimonia Foundation is a registered charity and therefore is not liable to income tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
7 Debtors
| Unaudited 2025 £ 2024 £ 225,148 225,148 |
|
|---|---|
| Gift Aid receivable |
8 Cash at bank and in hand
| Unaudited 2025 £ |
2024 £ |
|
|---|---|---|
| J P Morgan International Bank Ltd (GBP) J P Morgan International Bank Ltd (USD) |
5,042 5,193 |
32,204 253,509 |
| 10,235 | 285,713 |
9 Creditors (amounts falling due within one year)
| Unaudited 2025 £ 2024 £ 1,450 11,100 |
|
|---|---|
| Accrued expenditure |
The JC Eudaimonia Foundation 14
Notes to the financial statements Year ended 31 March 2025
10 Related party transactions
During the year, the charity received a donation of £230,000 (2024: £nil) from the Jeremy Coller Foundation, an entity with which several trustees are in common with the JC Eudaimonia Foundation. The charity received a donation of £nil (2024: £909,085) from Jeremy Coller, a Trustee. A debtor relating to the associated gift aid on the donation made in the prior year remains on the balance sheet at £225,419 (2024: £225,419), this amount we subsequently received on 14 August 2025. There are no further transactions to disclose (2024: none).
11 Controlling party
During the year the affairs of the Charity were managed and controlled by its Trustees.
12 Post balance sheet event
Following the year end the trustees agreed to change the name of the charity to Coller Family Foundation. As at the date of signing, the change had not yet been formally registered at the Charity Commission. This event does not affect the financial position of the charity.
The JC Eudaimonia Foundation 15