REGISYERED CHARtTY NUMBER: 1172417 Re ort of the Truste sand Audit t tements for the Year Ended 31st March 2025 The herine Nasm h Charitable Th Jan and Catherine Nasm Foundation Charitabl tents of the Financial Sta ements for the Year Ended 31st March 2025 Page Report of the Trustees Report of the Independent Audrcors Statement of Financial Activities Statement of Financial Position Statement of Cash Fk>ws Notes to the Statement of Cash Flows io Notes to the Flnancial Statements 11 to 17 The Jan and Catherine N3sm Foundation h Charitable Re ort of the Trustees for the Year Ended 31st March 2025 The tnstees of The Jan arKI Catherine Nasmyth Charitable Foundation I'the Foundation") present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Accounting and Rewrtin8 by Charities.. Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance ¥nth the Financial Rep)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I january 20191 and relevant ovisions of the Charrties Art 2011. OBJEcnvES AND ACTivmES The objective of the Foundation is to athance such exclusively charitable purposes for the publlc benefit as the charity trustee5 from time to time in their absolute discrethM think fit. The Foundation carries out its purp)ses by makin8 8rantS to other or8anisatlons in furtherance of its purposes. The focus of the Foundaticm continues to be providing grants to charlties Involved in supporting children and young people, those inwl¥ed wtth the homeltss and tlw tharIt￿ that are considered to be al￿ned with causes that the founders have expressed an #iterest in suppcxtry. The tnjstees use these principles as a guide to help them decide which organisations to benefit. The has to do anythrn8 linduding the following) to lurther its objertives: make grants and provide other fundirvd to indrviduals and or8anisations.' I￿oW money atKI to charge the whole or any pan of its property as security for the repayment of the money borrowed; the nmtst comply as appropriate ￿th sertlons of the Charities Act 2011, If it wSshes to mortgage land. FOW#1*￿ make$ 8rants to other charities or voluntary bodies and the general publiclmankind by making grants to ty8arMsatKrfs lor 8ts*al chxitsble wrposes. The tnJstees have due re8afd to guidance on public benefit publlshed by the Charity The FolKy adopted ty tr* trustees of the Foundation is summarised as foll¢)W5.' 11 15 the ￿licY of the trustees to make grants to any or8anisation in England and Wales operatln8 projert5 that further excksr**fy dwrtth purpJses la5 defined in the Charities Att 20111. Tr* tnstees NiteThl - so far as the Foundation's financlal position permits and subjert to availability of suitable recipients- to make a se￿5 ol grants each year. Tre trwtees that initially the kyimary focus of the Foundatlon will be on providing grants as noted in the h) eth case. the tr￿lee5 shall ath terms and conditions as are appropriate. In formulating these principles and trustees Will have re8ard to the need to ensure that 8rants are used On￿ for exclusively charitable pLYwses las defined in the Charities Act 20111. The try￿ee$ will apwopriate due dili8ence oft all grant recipients. This will include a review of the relevant grant rtcM)*ftt's knnual Re￿rt and accounts. Tr*5 p)ky m•y be varied. added to or revoked at any time by resdution of the trustees. trusiees wll to e¥ofve ￿1r 8rant making policy but in the short term they plan to expand the number of those dwit• to yants are made in ftstU￿ years. Details of the grants made durin8 the year are shown In note 7 to the accounts. Page I The Jan and Catherine Nasm Foundation h Charitable Re rt of the Trustee5 for the Year Énded 31st March 2025 HNAPKIAL REVIEW ring the year the Foundathm received donations totallirbg £550.C#XI12024- £650,oc(Il which, together with repayment of income tax (including repayment supplement). amounting to £450,C(Q12024 - £531.8181 provided additional funds of £l,O(X),00012024 £1.181.8181. In addition, the Foundation received investment income amounting to £273.72312024 - £182,346) with the result that the Foundation's total Ir￿ for the year amounted to £1,273.72312024 - £1,364,164). The trustee5 approved Erants totalling £95.50012024.. £60,C#xII and the Foundation Inturred costs In investment m3na8ement and 8eneral administration la5 furtheT detailed in n¢)tes 5, 6 and 8 of the accounts) with the result that the Foundation's net income for the year amunted to £1,157,57512024 - £1,273,726>. Taking into account unrealised gains/l1055e51 arising from the revaluation of the Foundation's investments of £1110,5841 12024 £301,515) the net increase in the Foundation's unrestricted re5eTve5 Wa5 £1.046.99112024- £1.575.2411. Fwther det•L4 are woNided in the accomparryirvx financial statements. The Fw4latK*n does not carry Si8nifKant fundraisin8 activities. The Foundation receives funds from a separate Nasmyth family trust aTrJ in We¥￿￿5 years had also received funds from a separate charitable trust which had been previously established by the The resepos are detailed in note 13. comprise unrestricted funds. The balance at 31 March 2025 was £8.343,147 12024: £7.296.1561. It is tt* FThKKlation's FKlory to maintaln the reser¥es to provide a long term resource for the Foundation'5 future grant the yws of FtyJr#Jation's establishment the ttUStees aim to build a fund from which they hope to gradually develop a IMttem of yant makiThA that can be Sustsirtable in the lon8er term. As such the trustees plan to set aside funds that will, over tSme rAAle an irxome that can 5UPPOrt the grants that the Foundation makes. As part of these plans. during the year the trustees fvrther cash fvn(ts to irhvt over the medium to long tem). The FouThJatw is a CharTtable I￿)rporated Of8anisation or CIO, a foundation re8lStered on 4th April 2017 with the Charitv for E*nd aThl Wales. FcU¥1at￿'s ConstitutM￿ can be amended as per section 224-227 of the Charlties act 2011. sh•ll autlwise an application of the property of the Foundatbon for the purpose which is not charitable. t frryn tre fTh trustees. every trustee will be appointed.. try the F￿ThIer. Mrs C Nasmyth during her lrfetime; and thereaftef by a resolutK>n passed at a propedy convened meeting of the Foundation trustees. In selectir¥J I￿li¥m￿alS for app)intment as Foundation trustees, the founder lor after her lrfetime the Foundation trustees) will have to tt* skty kTh)w* and evie￿ needed for the effecttve admlnistratlon of the Foundation. SwTM)n finna. Under the COr￿l￿n there must be at ￿a51 three Foyndation trttstees. If the number falls below this mrnimum the remaining mber of Four#lation tnjstees that may act only to call a meeting of the Foundation trustees or appoint a new Foundatlon trustee. Tlve is maximum number of Fwndation trustees that May be appointed to the Foundation. Page 2 nan Catherine Na5m Foundation h ritable oftheT for the Year Ended 31st March 2025 The trustees are responsible for the 8overnance and management of the Foundation. Any decision may be taken either.. by resolution in writln8 or electronic fom 38reed by a majority of the Foundation trustees. kny decI￿n to: amend the constitution of the Foundation,. amal8amate the FOundat￿n with, or transfer its undertakin8S to, one or more other CIO'S, in accordance with the Charlties Act 2011.. or wirxl up or di55th* the Ftyjndation lindudln8 transferrlng Its buslness to any other charity). must be made by a rudution of the members of the Foundation (rather than a resolution of the Foundation trusteesl either by re501utir)n * a 8erffil meetiry or ty resolutK)n in writln8 by majority of members entitled to vote. The mernkn of the Fow)dation are bts FOundat￿n trustees for the time beln8. The trustees carried Imrt a rerfiew of the major risks to which the Trustls exposed to ensure appropriate controls are in place to WOVKle reasonable assurance against fraud and error. This has included a Conslderation ol the future generation of income, the ba￿ on ¥thKh 8Trnt rnakn.￿ is consKlered and mana8ed and the nature and fvture dtverslfScation ot the Foundatlon's funds. The tn￿tee5 are s*isfied with the measures tsken to date to mana8e the risks affectin8 the Foundation but continue to keep all 1172417 5th Fkor. 36. 38 Wiyn(xe street WIU 28P SJKx¥ P G 8 Do(tson 5 Apwhj St EC2A 2fiA Farrer & Co LLP Sth(thr & Co. Limited l Lwrflon Wall Pixe EC2Y SAU Page 3 The Jan and Catherin Nasm Foundation h Charita le ort of the Trustees he Year Ended 315t March 2025 STATEMENT OF TRusfEES' RESpoN￿BILITIEs The trustees are responsible for Preparing the Report of the Trustees and the finantial ststements in accordance with applicable law and United Kln8dom Accountin8 Standards Iunited Kingdom Generally Accepted Accounting Prarticel includlng Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Charity law requires the trustees to prepare financial stètements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with Unlted Kingdom Generally Atcepted Accounting Practlce (United Kln8dom Accountin8 Standard5 and applicable lawl. Under charity law the trustees must not approve the financial statements unless they are Satisfied that they give a true and falr view of the State of affairs of the tharlty and of the Incoming resources and application of resources, includin8 the income and expenditure. of the charlty for that period. In preparing those financlal statements, the trusteès are required to select sultable accoyntln8 pollcles and then apply them conslstently; observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent,. stste whether applicable accounting standards have been followed, subjett to any material departu￿$ dlsclosed and explained in the financial statements; prepare the financial statements on the going concern basls unless it Is Inapproprlate to presume that the charity will continue in buslne55. The trustees are responslble for keepin8 proper accountln8 record5 which di%lose wlth reasonable accuracy at any time the flnancial posltlon of the charlty and to enable them to ensure that the financlal statements Comply with ihe Charlties Act 2011 and The Charlty IAccounts and Report51 Regulations 2Crf)8. They are also responslble for safeguarding the assets of the charity and hence for takin8 reasonable Steps for the prevention and detection of fraud and other irregularities. Approved by order of the l>oard of trustees on 30th January 2026 and signed on its behalf by.. P G B Dodson. Trustee Page 4 of the Inde ndent AuditOfS to the Trust The lan and Catherine Nasm h Charitable Fo ndation We have audited the financial statements of The Jan and Catherine Nasmyth Charitable Foundation (the 'charity'l for the year ended 315t March 2025 which comprise the Statement of Financial Artivities, the Statement of Financial Posttion, the Statement of Cash Fh￿ and notes to the financial statements. induding a summary of signifi¢ant accounting policies. The finantial reporting framework that has been applied in their preparatK)n is applicable law and United Kingdom Accounting Standards (United Xingdom Generally Accepted Accounting Pratt￿e1. irKluding Financial Reporting Stsndard 102 The Flnancial Reportin8 Stsndard appllcable in t￿ UK and Repu￿1¢ of Ireland,. In our opinion the financial statements.. 8ive a true and fair view of the state of the chafivs affairs a5 at 31st March 2025 and of its incoming resources and application of resourn, for the year then ended.. have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: and have been prepared in accordance with the requirement5 of the Charitie5 Act 2011. We condurted our audit in accordance with International Standards on Audltin8 IUKI IISAS IUKII and appllcable law. Our responS￿lI1t1eS under those standards are lurther described in the Auditors, responsibilities for the audit of the financial statements sectxin of tyjr rew)rt. We are independent of the charity in accordance with the ethical requirement5 that are relevant to our audit of the finarKial statements in the UK, includin8 the FRC'S Ethical Standard, and we have fulfilled our other ethic31 responsibilities in acc￿lanCe with these requirement> We believe that the audSt wdence we have obtalned Is sufflclent and appropriate to provide a bays tor our opirith. In auditi￿ the financial statements. we have concluded that the trustees, use of the golng concern basls of accountlng in the ep¥at*M of tr fina￿111 statements is appropriate. Based on we have pfffomied, we have rbot identified any material uncertainties relating to event5 or condition5 that, Of collertith, may cast ￿gnIfiCant doubt on the charity'5 ability to continue as a 80in8 concern for a period of at least twefve fThYrttrs frckn ¥then the financial statement5 are a￿hDr[Sed for issue. (Xw rW(m￿￿1ltt1es arKI the respon9bl1￿leS of the trustees wlth respect to golng concern are descrlbed In the relevant sectlons of The tnjstees are resporfjilAe for the ottr*f Inforniation. The other information compri5e5 the information included in the Annual ReFKrt other than the fina￿111 xatements arrfl our Report ot the Independeni ALtditors thereon. on the fThnci•l SLiten￿ (kxs not cover the inforniation and, except to the exterrt otherwise explicitly ststed I IXK reixrt we th) not express any forni of assurance conclusion thereon. *ith of the finarKial st*ements, our responslbilty Is to read the other information and, In doSng so, c(¥tsMler Whe￿ the ottrw information is materially inconsistent WTth the financial statements or our knowledge obtained in the t or Lthfwise appears to be materially misstated. If we Ident￿ such material inconsistencies or apparent material ft*sstatemwts. required to deterniine whether thls 8rves rise to a materièl misstatement in the financial statement5 thtmsel¥•. If. based on tt* work we have perfom)ed. we conclude that there 15 4 material misstatement of this other Information, ¥oe xe reyed to repwt that fact. We have nothing to report In thls regard. We to reFvt in respect of the following mattets where the Charitles (Accounts and Reports) Regulation5 2008 fequires ￿ to reFVt to rf. in our opinbon.. tt* infwmatmjn gryen in the Report of the Trustees is irKonsistent in any material respect with the financial statements,. or Suffic￿ *counting records have rK>t beeft kept,. Of tt* firwKial staternents are not in agreement with the accounting records and returns,. or we r#)t receryed all the irrforn￿tlon and ewanations we require for our audit. As e¥plair*d rn￿e fulty in the Ststement of Trustees. Responsibilities, the trustees are responsible for the preparation of the Statements which grrfe a true and fair v￿w, and for such internal control as the trustees determine is necessary to enable tr* offinI￿All ststements that are free from material mlsststement, whether due to fraud or error. In weparir¢ the fifwKh315tatern￿ts, the t￿￿eeS are responsible for a55e55in8 the charity's ability to continue a5 a going concern. disclosin& a5 applicable, matters related to Boing concern and using the 8otng concern basis of accountln8 unless the trustees either intend to liquidate the charity or to ￿ase operations, or have no realistic alternatNe but to do so. Pa8e 5 Re rt of the Inde ndent ALtditors to the Trustees of The lan and Catherine Nasm h Charitable Ftsur4datiO Our responsibilities forthe audit of the financial Statements We have been appointed as auditor5 under Settion 144 of the Charsties Act 2011 and ￿port in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditor5 that includes our opinion. Reasonable assurance is a high level of assurance. but is not a gu3rantee that an audit conducted in accordance with ISAS IUKI will a￿a¥S detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the a88￿gate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial 5tatement5. The extent to which our procedures are capable of dete¢tlng IrregularitSes. including fraud is detailed below.. We gained an understanding of the legal and regulatory framework appllcable to the charity and the industry in which It operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We discussed with the trustees the policies and procedures in place regarding compliance with laws and regulations. We Iliscussed amongst the audit team the identified laws and regulations, and remained alert to any indications of non-compliance. Ourln8 the audit we focussed on laws and regulations which could reasonably be experted to give rise to a material misstatement in the linanclal statements, Includin& but not limited to, the Charltles Act 2011 and UK tax legislation. Our tests included agreeing the financlal statement dlsclosures to underlylng supp)rtin8 documentstSon and enqulrSes wlth management. Our procedure5 in relation to fraud included but were not limited to.. inquires of trustees whether they have any knowledge of any actual, sus&￿￿ed or alte8ed fraud, and dlscusslons amongst the audlt team regarding risk of fraud suth as opportunities for fraudulent manlpulatlon of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias throu8h judgements in accounting estimates. We a150 addressed the risk of management override of internal controls, including testin8 journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud. Because of the inherent Ilmitations of an awlit. the￿ Is a risk that we will not detect all Irregularltles, includSn8 those leading to a material misstatement in the finarKial statements or non-compliance with regulation. This risk increases the more that compliance T￿th 8 law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likelv to beccthe of instènces ol nonld St London EC2A 2DA 3(Xh January 2026 Page 6 The Jan and Catherine Nasm Foundation h Charitable Statement of Financial Activities for the Year Ended 31st March 2025 3113125 Unrestricted fund 3113124 Total funds Notes IPKOME AND ENDOWMEpifs FROM Donations and legacies I,000.c(L) 1,181,818 Investment income 273,723 182,346 Tot•1 1,273,723 1,364,164 EXPENDrruRE ON Raising funds 9,104 5,938 Governance Costs Grants 21,613 95,500 24,500 60,000 Totsl 126,217 90,438 10,069 NET IIKOME 1,157,575 1,273,726 Ga￿l{lOs￿) on revaluation of fixed assets 1110,5841 301,515 1,046,991 1,575,241 7,296,156 5,720,915 8,343.147 7,296,156 ¥41 ex¥thJrtwe has artsen from continuir& actNities. The notes fomi part of these financial statements Page 7 The Jan and Catherine Nasm Foundation h Charitable St ement of Financial Position 31st March 2025 3113125 Unrestricted fund 31/3124 Total funds Notes FIXED ￿￿rS Investments io 6,491,tKJ5 5.391,048 CURRENT ASSETS Debtors Cash at bank li 450,CI)O 1,411,462 531,818 1,382,610 1,861,462 1.914,428 CREDrroRS Amounts falling due withln one year 12 19.3201 19,3201 NET CURREiif ASSErs 1,852,142 1,905.108 ToTAL￿ET$ LESS CURRErir LIA81LmES 8,343,147 7,296,156 8,343,147 7,296,156 FUNDS Unrestricted furbds 13 8.343.147 7,296,156 TOTAL FUP405 8,343,147 7,296,156 The fsnancial ststements were approved by the Board of Twstees and authorlsed for Issue on 30th January 2026 and were sl8ned tts behalf by.. P G 8 Dothon. Tr￿lee SJ ￿ftna- T￿￿te The notes forni part of these financial ststements Page 8 therine N Foundation sm hch rita le StatÈmÈnt ol Cash Flows for the Year Ended 31st March 2025 3113125 3113124 Notes Cash generated from operations 1,153,689 903,061 Net cash provided by operating activities 1,153,689 3,061 Cash fkhvs from In¥estlry artlvltle5 Purthase of fixed asset investments Sale of fixed asset investments Interest received 12,673,420) 1,472,948 75,635 11.654,2611 1.025 43,832 Net cash used in investing actr¥its 11,124,837) 1,609,4041 Chwy In cash and equtsalents In the 28,852 1706,3431 1.382.610 2,088,953 1,411,462 1,382,610 The I￿teS fom part of these financial statements Page 9 Thejan and Catherine Nasm Foundation h Char Notes to Stat for the Year Ended 31st March 2025 3113125 3113124 1.157.575 1.273.726 Adjustrnents for. Gains on investments Interest ￿e1ved Decrease/lincreasel in debtors Increèse in c￿dItorS 110.0691 175,6351 81.818 143.8321 1327,2731 1.153,689 903,061 AIIALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Cash at ban 1,382.610 28.852 1.411,462 1,382,610 28,852 1,411,462 1,382.610 28.852 1.411,462 The notes form part of these financial statements Page 10 The Jan and Catherine Nasm Foundation h Charita Notes to the Finantial Statements for the Year Ended 31st March 2025 The financial statements of the Foundation. which is a public benefit entity under FRS 102. have been prepared in Cordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities- Statement of Recommended Prattice applicabbe to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,. Financial Reporting Standard 102'The Financial Reporting Standard ap￿ICable in the UK and Republic of Ireland, and the Charitie5 Act 2011. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The si8nthcant accountin8 p)licles applied in the preparation of the financial statements are set out below and have been CMSiStenty applied to all years presented unless otherwise stated. The financial Statements have been prepared under FRS 102. The finawal statements are presented in pound 5teTlin8 (£1 which is the functional currency of the Foundatlon and rounded ro the nearest pound. These financial statements have been prepared on a going concern basi5. The trustees have concluded that there are no u￿ertaIntIeS re8ardin8 80in8 concern and they can continue to adopt the going concern basis in preparing the Annual Cath at and In hand Cash at bank and in hand indudes cash and short temi highly liquid deposits or simllar accounts. Clediiors and provisions afe re¢o8nised where the Foundation has a present obligation resulting from a past event that will obably in tr* transfer of lunds to a third party and the amount due to settle the obligation can be measured or estimated reliabty. C￿drtty$ aNI provisions are normally recognised at theif settlement amount after allowing for any trade Al is reco8nwl in the Ststement of Flnanclal A£tivities once the Foundation has entitlement to the funds, it is obable th•t the I￿orne will be recefved and the amount can be measured reliably. L4ib•"lit*s are recognised as expenditure as soon as there is a legal or constructive obligation committing the Foundatlon to that ure. rt is probable that a transfer of economic benefits will be required in settlement and the amount of the Obwx￿ can be measured reliabty. Expenditu￿ is accounted for on an accrua15 ba515 and has been classified under l*adires that a88re8ate all cost related to the Gltegory. Where cost5 cannot be directly attrlbuted to particular heading5 It* have beert alk*ated to actNities on a basis consistent with the use of resources. ants offered sthiect to conditions whbch have not been met at the year end date are noted as a commitment but not as e>W￿ltUre and not othenwise withdrawn. The FTrMKlknn is exempt from ta¥ on its Charitab￿ actNities. The FOunda￿ft is able to ￿0Ver income tax on donations received. Monies arising from clalms trom HMRC are included wTr t(￿1 YKome a￿1 aC￿ntell for once a claim has been submitted and agreed with HMRC. Unrestrirted fuThJ5 can be used in accordance with the charitable objectives at the discretion of the trustees. RestrKted fw#ls C￿ onfy be used for particular ￿Stricted wrposes wtthin the objects of the Foundation. Restrictions arise t**￿ speofied (kyw or when hjnds are raised for particular restricted purposes. Further eWanat•)n of the nature and purpose of each fund is included in the Notes to the Financial Statements. In¥*stn￿ftts are a forrn of basic finarKial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closin8 quoted market price. The Statement of financial acl]vrt*S WKluth5 the net gains aTrJ losses arising on revaluation and disposals throughout the year. Page 11 continued... The Jan and Catherine Nasm Foundation h Charitable Note to the Financial Statements- continued for the Year En¢Jed 31st March 2025 ACCOUIfflNG POUCIES. continued Investments AM Bains and lows are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are cakulated as the difference between sales proceeds and their carrying value. Unrealised gains and losses are calculated as the drfference between the fair value at the year*nd and thelr carrying value. Realised and unrealised investment gains losses are combined in the Statement of Financial Artivities. Cash and cash equivalents that a￿ hekl as part of a flxed a￿t investment portfolio are included in fixed asset investments. CRMCAL AccoupillNG JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY The preparation of the financlal statements require5 trustees to make judgements, estlmates and assumptions that affect the amounts reported. These e5timaies and jud8ements are continualfy reviewed and are based on experience and other factors. indudin8 expertations of future events that are believed to be reasonable under the circumstances. Tn￿lee5 do not consider there to be any significant judgements matle in the process of applyin8 the Foundatlon'5 accounting policies. AccountlAg estimaies and assumptions are made concerning the future and, by the nature. will rarely equal the related act￿ c4rtc(xne. The trustees do not consider there to be any key assumptions or other sources ot estimation uncertaintv that hw4e a 4nifKant risk ol causin8 a material adjustment to the carryin8 amounts ol assets and liabilities within the next fvwKial year. 3113125 3113124 550,fxA) 450,000 650,000 531,818 I,coo.000 1,181,818 3113125 3113124 198,088 S6,712 18,923 138,514 37,700 6,132 DeF*)Srt act￿nI interest HMRC irrterest 273,723 182.346 Page 12 continued... The Jan therine Nasm Foundation h Charitabl Notes to the Financial Statements- continued for the Year Ended 31st March 2025 RAISING FUNDS 3113125 3113124 Portfolio mana8ement 9,104 5,938 Grant funding of activities Isee note Support costs (see note 81 Totals 21,613 21,613 95,500 GTrnts 95,500 95.5 21,613 117,113 3113125 3113124 95,500 60,C#JO Grwts p￿ble to institutim5 durbng the year were: Year ended 3110312025 Year ended 3110312024 10,000 lo,(￿] io.coo io.¢))o io.c io.c io,c io,coJ iO,C¥JJ 20,5(KI Roakl Dahl Maryellous Children'5 Charlty St j￿.$ Seminary CIO R￿k in the Yow 15,(D) io,cts) io,c#xs i0.tj 95,5(Kl Page 13 continued... The Jan and Catherine Nasm Foundation h Charitable es to the Financial Statements- contin for the Year Ended 31st March 2025 Governance costs 21,613 Gfftmance costs include Audit fees of £6.(UJ12024.. Audit fees of £5,160). TRUSTEES, REMUNERATION AND BENEFfTS There were no trustees, remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. There We￿ no trustees. expenses pald for the year ended 31st March 2025 nor for the year ended 31st March 2024. 3113125 3113124 6,204,174 286,831 4,585,594 805,454 6,491,C4)5 5,391,048 Listed investments At 1st Awil 2024 4,585.594 2,431,191 1702,0271 1110,5841 At 3tst Klarth 2025 6.204,174 At Marth 2025 6,204,174 Al 31st Mafth 2024 4.585,594 TTr*re Twere no inwstment assets outside the UK. C05t at 31st March 2025 ts represented bv: Listed investments VakwtK*n in 2022 V•luat•)n in 2023 Valuation Trn 2024 110,8251 1161,4921 301.515 1110,5841 6,185,560 6.204.174 Pa8e 14 continued... Thej ftd Cath rine Nasm undation h Charitable iatemen continu for the Year Ended 31st March 2025 io. Investments Inerther listed nor unlisted) were as follows.. 3113125 3113124 Caprtal Alc NOOIO Income WC No 120 I￿Ome AIC No 320 Capital WC No 210 257,321 24,592 4.918 17,432 22,252 15,770 750.000 286,831 805.454 DÈBTORS: AM(YJNTS FAWNG DUE WITHIN ONE YEAR 3113125 3113124 450,IXJO 531,818 CREDrroRS: AMOUNTS FAWPIG DUE WITHIN ONE YEAR 3113125 3113124 cnwls and deferred income 9,320 9,320 IAOVEP•lENT111 FUPIDS Net movement in funds At 31.3.25 At 1.4.24 7,296,156 1,046.991 ,343,147 7,296,156 1,046,991 ,343.147 Plet in ftwxls. Sncluded In the above are as follows.. Incoming resources Resources expended Galns and 105ses Movement in funds Ir￿Tre fund 1,273.723 1126,2171 1100,5151 1,046,991 TOTAL Fupa 1,273,723 1126,2171 IIW,51SI 1,046,991 Page 15 continued... The Jan and Catherine Nasm Foundation ritable Notes to the Financial Statements- continued for the Year Ended 315t March 2025 MOVEMEpif IN FUNDS. frmtlnued Comparatl¥es for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Income fund 5,720.915 1,575,241 7,296,156 TOTAL FUPIDS 5.720,915 1,575,241 7,296,156 ComparatNe net movement in funds, included in the above are as follows: Incoming re￿￿rte5 Resources expended Gain5 and 1055e5 Movement in funds IIKome fvnd 1,364.164 190,4381 301,515 1.575,241 1,364.164 190,4381 301,515 1,575,241 A current year 12 month5 and prior year 12 months combined position is as follows.. Net movement In funds At 31.3.25 At 1.4.23 fvr 5,720,915 2,622,232 ,343.147 TOTAL FUK>S 5,720.915 2,622,232 .343,147 A cwrent ￿ar 12 monttts and prior ￿ar 12 rnonths combined net movement in funds, included In the above are as follows: Incomlng resources Resources expended Gains and losses Movement in funds IrKome furKI 2,637.887 1216,6551 201,(MXI 2,622.232 2,637,887 1216.6551 201,C#XI 2,622,232 Page 16 continued... The Jan and Catherine Na5m Foundation h Charitable Notes to the Financial Statements- tontlnued for the Year Ended 31st March 2025 I& IIEiATED PARTY DlSaoSURES The Foundation is under the control of the trustees. c￿ring the year ended 315t March 2025, the Foundation received donations of £550.CO)12024.. £650.C(V)I from a Nasmyth family trust of which Mr S J Kinn• arrfl Mr P G B Dodson are among the trustees. Mr S J Kinna. a trustee of thi5 Foundation. was a partner of Sampson Fielding Limited, who acted as accountants to the Foundation during the year under review. This firm provided professional services during the year amounting to £8,050 plus VAT12024.- £8.050 plus VATI. Mr P G B Dodson. a tnistee of this Foundation, Is a shareholder and tlirector of Shaw Valley Limited, a company that provoded admlnistrative services to the charity which are Included In 8overnance costs and amounted to £5,785 12023.. Page 17