2025-09-30-accounts - Jms Supported Living Trust

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JMS Supported Living Trust

Trustees’ Report and Financial Statements for the year ended 30 September 2025

Registered Charity Number: 1179606

JMS Supported Living Trust

Financial Statements for the year ended 30 September 2025

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Contents Page
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	Contents	Page
1.	Report of the Trustees	1 - 5
2.	Statement of Financial Activities
	(including Income and Expenditure Account)	6
3.	Balance Sheet	7
4.	Notes to the Financial Statements	8 - 12

JMS Supported Living Trust

Report of the Trustees for the Year Ended 30 September 2025

The Trustees present their report and the financial statements for the year ended 30 September 2025.

The trustees have elected that the financial statements for the year ended 30 September 2025 are not subject to an independent examination or audit.

The Financial Statements comply with the Charities Act 2011, the governing document and 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.

Our Purposes and Activities

The purpose of the Charity is to relieve the needs of adults with learning disabilities throughout the United Kingdom by encouraging and assisting their family carers to set up long-term supported living settings appropriate to their needs so they can live independently. We do this through offering information, advice and funding.

Public Benefit

For public benefit, to relieve the needs of adults with learning disabilities throughout the United Kingdom by encouraging and assisting their family carers, through advice, support and funding, to set up long-term supported living settings appropriate to their needs so they can live independently. In the process of doing this, the Charity aims to amass evidence to support increased activity in this area, by demonstrating the strengths of this approach, particularly when strongly influenced by family carers. Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities Act (Northern Ireland) 2008.

The Trustees confirm that they have complied with their duties under Section 17 of the 2011 Charities Act with regard to public benefit.

Achievements and Performance

This year was already planned to be the final year for the JMS Trust. The swift and enthusiastic take-up of the funding and the support offered by JMS from the outset meant that almost all of the funding available had been allocated by the time this year began. The key tasks were therefore about helping outstanding projects to finalise the implementation of their plans, and pulling together the learning and experience of all the projects funded by JMS Trust into a resource for other groups of family carers who wished to follow a similar path. The key task this year was about ensuring that the legacy of JMS was sustainable and available to others.

The Trustees had been clear from the start that the funding that had established the Trust was to be used, not stored .... and that it would be a success, not a failure, if the funding was eventually exhausted provided that it had resulted in new settings throughout the country that took forward the intentions of Liza Grenfell who endowed the Trust. In place by the end of this year was a final total of seventeen such projects, benefiting a total of seventy young adults and sixty four families.

The partnership with Learning Disability England and the employment through them of a key member of staff to publicise what was available, to help applicants to ensure the relevance and sustainability of their vision, and to share learning, was really significant in ensuring that the Trust had maximum impact.

The experience of the JMS Trust has provided strong evidence that supported living for adults with a learning disability can be highly effective, and that there is considerable demand for it. The involvement and active influence of parent carers throughout is a significant strength when they play a major part in devising those settings, because from our experience it is likely to result in settings that are better equipped to meet the long-term needs of their offspring, not least because they are so person-centred and so carefully devised.

All of the key work agreed by the Trustees was achieved on time, allowing JMS Trust to cease its operations on 30th September 2025, as planned.

The resource that pulls together the collective wisdom and practical experience of all those involved in the Trust is now available at : https://www.learningdisabilityengland.org.uk/jms-trust/

JMS Supported Living Trust

Report of the Trustees for the Year Ended 30 September 2025 - continued

Financial Review

Previously the Charity’s work has been almost entirely reliant on income and investment returns from its endowments. But as noted in last year’s annual return all of the investments were encashed to ensure that movements in the investment market could not result in the Trust being unable to honour the commitments it had already made.

Thus the Trust no longer has any investments; all of its remaining assets are held in its bank account.

In the reporting period a substantial proportion of those assets were granted to projects.

At 30 September 2025 the Charity’s total funds amounted to £NIL (2024: £292,019). This is made up of Capital Funds of £NIL (2024: NIL) and Income Funds of £NIL (2024: £292,019).

Principal Funding Sources

The Charity’s only source of income in the year is the interest on its bank deposits.

Investment and Reserves Policy

Since its inception it has always been the intention of the trustees that the entirety of the Trust’s endowment would be spent on making grants to projects. So expenditure on projects has not been limited to the interest earned from investments; invested funds have been encashed in order to fund projects. Trustees anticipated that exhaustion of the funds would be success if, as a result, a substantial number of new initiatives were in place that would not have happened without the Trust’s support.

JMS Supported Living Trust

Report of the Trustees for the Year Ended 30 September 2025 – continued

Reference and Administrative Information

Charity Name: JMS Supported Living Trust Charity Registration Number: 1179606 Principal and Operational Address: 55 Flash Lane Mirfield West Yorkshire WF14 0PJ Trustees: Mark Feeny Elisabeth Feeny Maria Green-Lynch Jill Robson Stuart Sibsey Colin Heydon Website: www.supportedlivingfunding.co.uk Bankers and Fund Holders: HSBC 8 Cork Street London W15 3LJ Investment Advisors: HSBC 8 Cork Street London W15 3LJ

JMS Supported Living Trust

Report of the Trustees for the Year Ended 30 September 2025 - continued

Structure, Governance and Management

Governing document

The organisation is a charitable trust governed by a Scheme of Arrangement, approved by the Charity Commission effective from 20 August 2018.

Recruitment and appointment of Trustees

The Trust Deed makes provision for a maximum of six Trustees, and in this period, all have been recruited and have taken up their role. The Trust prepared a clear role description as well as a list of core qualities required – and the current Trustees bring with them a range of experiences and expertise that are relevant to implementing the Charity’s purposes.

Organisational structure

The Trustees meet quarterly and are responsible for the strategic direction and policy of the Charity. They are from a variety of professional backgrounds relevant to the needs and work of the Charity.

Management of the Charity’s investments is delegated to their financial advisors, within a framework set by the Trustees, to provide both income for the current year and growth for the future.

Risk Management

The Trustees have conducted a review of the major risks to which the Charity is exposed. Risks are minimised by the delegation of management and administrative tasks to appropriate professionals.

Investments are managed by financial advisors, and they report to the Trustees quarterly. Decisions regarding grant payments are normally made at the trustee meetings.

The Trustees are aware that there may be other policies or procedures which it would be wise to put in place, and they will take opportunities to do so when alerted to any such need.

Trustees’ Responsibilities in relation to the Financial Statements

The Trustees are responsible for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed require the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure of the Charity for that period. In preparing those Financial Statements, the Trustees are required to:

Select suitable accounting policies and apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the Financial Statements; and
Prepare the Financial Statements in accordance with applicable law and UK Generally Accepted Accounting Practice.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

JMS Supported Living Trust

Report of the Trustees for the Year Ended 30 September 2025 - continued

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities.

Approved by the Trustees on ......................................................... and signed on their behalf by:

.............................................................................. M Feeny – Trustee

JMS Supported Living Trust

Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 30 September 2025

Note INCOME Interest Received Investment Income 2 Donation 11 TOTAL INCOME EXPENDITURE Costs of Raising Funds Administration Charges 3 Expenditure on Charitable Activities Legal Support Insurance Project Grants 4 Office Costs, including website costs Learning Disability England Partnership 5 Audit and Accountancy Gifts to Trustees TOTAL EXPENDITURE Net Income and (Expenditure) before investment gains and (losses) Net Gains/(Losses) in Investment Assets 8 NET INCOME/(EXPENDITURE) Transfer between funds RECONCILIATION OF FUNDS: Fund Balances brought forward 1 October 2024 FUND BALANCES CARRIED FORWARD AT 30 SEPTEMBER 2025 10	Unrestricted Fund 2025 £ 7,980 - - 7,980 - 3,311 125 262,606 3,502 27,234 1,980 1,151 299,019 (292,019) - (292,019) - - -	Unrestricted Fund 2024 £ 29,504 - 1,000
		30,504
		- 9,200 121 1,077,502 722 27,500 1,980 -
		1,117,025
		(1,086,521) -
		(1,086,521) - 1,378,540
		292,019

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

The notes on pages 8 to 12 form part of these accounts.

JMS Supported Living Trust

Balance Sheet as at 30 September 2025

Note FIXED ASSETS Investments at Valuation 8 Cash held by broker for re- investment Total Fixed Assets CURRENT ASSETS Cash at Bank Debtors Total Current Assets CREDITORS DUE WITHIN ONE YEAR: Other Creditors NET CURRENT ASSETS/ (LIABILITIES) NET ASSETS THE FUNDS OF THE CHARITY: INCOME FUNDS Designated Fund - 10 General Fund - Capital Fund 10 TOTAL CHARITY FUNDS	2025 £ £ - - - - - - - - - - - - -	2024 £ £ - - - 296,580 - 296,580 4,561 292,019 292,019 - 292,019 - 292,019	2024 £ £ - - - 296,580 - 296,580 4,561 292,019 292,019 - 292,019 - 292,019
			- 292,019
			292,019

			292,019

Approved by the Trustees on .................................. and signed on their behalf by:

.......................................................

M Feeny – Trustee

The notes on pages 8 to 12 form part of these accounts.

JMS Supported Living Trust

Notes to the Financial Statements for the Year Ended 30 September 2025

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.

a. Basis of Accounting

The Financial Statements have been prepared in accordance with the 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 (FRS102) effective 1[st] January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements have been prepared on a non-going concern basis as the charity ceased operations on 30 September 2025. The Trust has used its capital to complete the few remaining projects, create a permanent record of the Trusts achievements and meet all liabilities arising from the Charity ceasing to exist. There would however, be no material adjustments should the Trust continue to be a going concern.

The Charity constitutes a public benefit entity as defined by FRS102.

The accounts are presented in sterling (£).

b. Fund Accounting
Income Funds can be used in accordance with the Charitable Objectives at the discretion of the Trustees.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Permanent Endowment Funds capital is retained on a permanent basis. Income can be used in accordance with the Charitable Objectives.
c. Income

All income is included in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Investment income including interest on funds held on deposit is recognised according to its due date of receipt.
Monetary donations are recognised when the charity has received the relevant remittance.
Donated services and facilities are recognised as income when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt, where this can be quantified. No value is placed on the services provided without charge of the Trustees.
Legacies and gifts are recognised at the earlier of receipt or at the time the amount can be measured with reasonable certainty.

JMS Supported Living Trust

Notes to the Financial Statements for the Year Ended 30 September 2025 – continued

d. Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT which cannot be recovered and is reported as part of the expenditure to which it relates:

Costs of raising funds comprise the costs associated with generating the investment income.
Expenditure on charitable activities comprises those costs incurred by the Charity in the delivery of its activities and services to its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
e. Investments

Investments are stated at their valuation on the Balance Sheet date provided by the Charity’s stockbrokers. Realised and unrealised gains on investments are reflected in the Statement of Financial Activities.

f. Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year.

g. Taxation

The Charity is exempt from tax on its charitable activities.

h. Debtors

Debtors are recognised at the settlement amount owed to the Charity or prepaid.

i. Creditors

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

j. Financial Instruments

The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value .

k. Donated Services, Good and Facilities

Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

JMS Supported Living Trust

Notes to the Financial Statements for the Year Ended 30 September 2025 – continued

1. Judgement and Key Sources of Estimation Uncertainty

The preparation of accounts using generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the accounts and the reported amounts of revenues and expenses during the reporting period.

The key estimates and assumptions used in the Financial Statements are detailed in the accounting policies.

2. Investment Income

Investment Income – Dividend Net income is stated after charging: Independent Examiner fee 3. Other Administrative Charges Stockbroker Fees	2025 £ - - - 2025 -	2024 £ -
		-
		1,980 2024 -

4. Project Grants

During the year total project costs of £262,606 were recognised.

5. Learning Disability England – Shared Costs

An agreement was made with Learning Disability England to share the costs of an employee working for both employers to mutually benefit each. The employment of the individual is dealt with legally by Learning Disability England and a charge for the Charity’s share of those costs is made within these accounts.

6. Trustees’ Remuneration

No Trustees’ remuneration or other benefits have been paid for the period ended 30 September 2025 (2024: NIL).

Trustees’ Expenses

Trustees’ expenses have been paid for the year ended 30 September 2025 totalling £235 (2024: £214).

Trustee indemnity insurance paid in the year totalled £125 (2024: £121).

Trustees’ Honorariums

During the year, honorariums amounting to £1,150 were provided to retiring trustees of the charity. To ensure the honorarium complies with the authorised limit, a trustee has agreed to repay £150 of the honorarium into the superseding charity ‘Learning Disability England (Registered Charity Number 1092587) to ensure the honorariums meet the definition of a small payment. These payments were made in accordance with the charity’s governing document and applicable legislation.

7. Related Parties

There were no payments made in this year. There are no related party transactions to disclose.

JMS Supported Living Trust

Notes to the Financial Statements for the

Year Ended 30 September 2025 – continued

8. Current Asset Investment

Investments (Stock Exchange) Realised gains/ (losses) in the year totalled Asset Investments Market value carried forward at 1 October 2024 Additions at cost Disposal of carrying value transfer Net gain/loss on revaluation at 30 September 2025 Market Value carried forward at 30 September 2025	2025 £ - - Listed on Stock Exchange - - - - -	2024 £ -
		-

9. Analysis of Net Assets Between Funds

Capital Fund General Fund Capital Fund General Fund	Tangible Assets Current Assets Current Liabilities 2025 Total £ £ £ £ - - - - - - - -
	- - - -
	Tangible Assets Current Assets Current Liabilities 2024 Total £ £ £ £ - - - - - 296,580 (4,561) 292,019
	- 296,580 (4,561) 292,019

JMS Supported Living Trust

Notes to the Financial Statements for the

Year Ended 30 September 2025 – continued

10. Movement in Funds

Capital Fund General Fund Total Fund Capital Fund General Fund Total Fund	As at 30.9.2024 Income Expenditure Transfers As at 30.9.2025 £ £ £ £ £ - - - - - 292,019 7,980 299,909 - -
	292,019 7,980 299,909 - -
	As at 30.9.2023 Income Expenditure Transfers As at 30.9.2024 £ £ £ £ £ - - - - - 1,378,540 30,504 1,117,025 - 292,019
	1,378,540 30,504 1,117,025 - 292,019

There are no restricted fund balances held

11. Gift from Elizabeth Grenfell

Mrs Grenfell passed away on 6 October 2020 and left a legacy to the charity, this was receivable after probate has been granted, the legacy is shared with a number of other charities and the legacy will be divided after all other beneficiaries have been settled.

The total received for the year ended 30 September 2025 was £NIL. No further amounts are expected to be received.