The Paul Jennings And Jeanette Dunn Charitable FndatIOn Registered charity number.. 1182890 Annual report and 8ccounts The Paul J¢nnings And Jeanelte Dunn Charitable Foundation Registered charity number 1182890 Annllal report & accounts 5 April 2024
The Paul Jennings And Jeanette Dunn Charitabl¢ Foundation Regist¢red charity number.. 1182890 Annual rBPOrt and accounts Content5 Reference and administrtttive information TTUStees' Annual report Independent ¢xamination report to the members Statement of Financisl Activities Balance She¢t Notes to the aOUnts 7- 10 Trustees Nigel Rowley Alison Green Maung Ay¢ Principsl Office 60 St Martins Lgne, Covent Gard¢n, IA)ndon, WC2N 419 Accountants MGI Midgely Snelling LLP, Ibex House, Baker Street, W¢ybTidge, Surrey, KT13 8AH Inve5tm¢nt Managers HMFC Wealth Brewin Dolphin Sawiderson HoLtse Kleinwort HambTOS Solicitors Mackrell Solicitor5, 6Q St Martins Lane, Covent Garden, London. WC2N 4YS
The Paul J¢nDings And JeBnette Dunn Chariiable Foundation Registered charity nuTnber'. 1182890 Annual report &nd accounts Re ort fo th¢ Trustees for the eriod ended 5 A rll 2024 The Trustees present their report along with the financial statements of the charity for the period ¢nded 5 April 2024. The Financial Staternents have been prepared in accordance with tlie aG¢ounting policies 5¢t out on page 7 and 8 and comply with the charity's trust deed and applicable law. Strueturel governance and managemen¢ Th¢ Goveming Document is & Trust Deed dated 27 FebTuary 2019. Thg trustees meet bi-annually to determine the general poli¢y of the ¢haTity. The Tru5t¢¢s who s¢rv¢d the charity durin8 the period were as follows: - Nigel Rowley- Appointed 27 February 2019 Christopher John Croxton- Appointod 27 February 2019 (Resigned 17 Oclobcr2023) Natalie Eleanor Payne- Appointed 27 FebTUary 2019 (Resigned 17 Ortober 2023) - Ali50n Green- Appointed 17 O¢tober 2023 - Maung Aye- Appoinwd 17 Octobu 2023 None of the trustee5 hav¢ any beneficial interest in the charity. Risk management The trustees have assessed the rnajor Tisks to which the charity is ¢XP05¢d and hav¢ reviewed those T15ks and ¢stablish¢d Systems and PTo¢edures to rnanag¢ ih05e risks. The tru5te¢s ar¢ Satisfied that Sy5teTns are in place to mitigate su¢h risks. Objeets and aetiyltlej Th¢ Trustees must apply the inwme and, at their discretion, all or part of th6 capital of the charity in firthering th¢ objects. The Trust5 SUPPOrt a broad ratLg¢ of ¢haTltable Organisations throughoutthe World. Grant m9kin£ poll¢y The Trust has established its grant maksDg policy to a¢hieve the Trusts objectives to support oth¢r Tegislcred charities. The Trustees do not generally a¢cept unsolicit¢d appli¢&tions for funds and use their own research and experience to deGidt which charitAbl¢ organisations Should benefit from thnding. Investment poliey The Truste¢5 have a gen¢rAI power of investm¢nt and so have the freedom to invest in such inve8tsllent 955ets as th¢y 56¢ fit. Public benefit In rneeting thB objectives the Trustees have B2v¢n carefvl Consideration to the CtJ8rity Cotnmissiort's g¢neral guidan¢e on public b¢n¢fit and judge that Jll donatlOll5 rnad¢ mect this guidance. All donations ar¢ listed ita Note 3. A¢hi¢vemen1$ 8Thd PerformAiice Th¢ Trustees have monitOTed and review¢d the perforniance of th¢ inve5ttnents during th¢ financial period. Donations totalling £20,00012023.. £50,OOD) hav¢ been made in the year and are d¢tai5ed in note 4 of these Financi81 Statement5.
The Paul lennings And J¢4nette Dunn Charitable Foundaiion Registered charity numb¢r.' 1182890 Annual report and accounis ort for the Tru5tee5 for the ¢riod ended S A ril 2024 Financial review During ihe period the charity reG¢ived total incojne of £97.234 (2023.. £66,125) and paid support Costs of £62,999 (2023.. £66,564) leaving a surplus of funds before grants of £3,394,855 (2023.. £3,181,741). Total donations of £20,000 were made in furtberanee of the charity's objectives during th¢ y¢ar. The chaTitys surplus before gains or losses on investments £3,086,990 {2023.' £3,161,700). A5 at 5 April 2024 the to1 value of the inve5tm¢nt portfolio stood at £3,403,575 (2023.. £3,195.4741 net of m8nag¢m¢nt charges. Investh)ents sold in the year realised a net loss of £88,945 12023.. £170,909 gain) and ihe portfolio w&5 Tevalued at the y¢ar end resulting in an unrealised gain of £287,824 (2023.. £329.48010s$1. The trustees ar¢ satisfied with the resusts and actlVLties during lh¢ period. Reserves policy It is the policy of the trustees to maintain unrtstrleted funds at a level sufficient both to znaintsin an active ongoing grant.making programrne, as w¢ll as to fund fvture Commitments whsch might be entertained or entered inlo. The r¢serv¢s policy is revi¢w6d annually. Pl8n$ for the future The Tnjstees will be investing the trust Capital in order to gen¢r8Ée a regular return of income. Trust¢¢s' r¢5POllsÉbilities in relation to the fEnantial statements Law applicable to chariLies sn Bngland and Wales requiT¢S the Trustees to prepare financial stat¢m¢nls for each finattcial year which givE a true and fair view of the ¢harity's fLnanGial activities during the year and of its financilll posltion at th¢ end of the year. Ill prepaiing those financial statements. the Trustees ore r¢quired to.. s¢lect suitable accounting poliei¢s and th6n apply them consL5t¢ntly, makejudgements and estimates that arE Teasonable and prudent., State whcther applicable a¢countllJ8 Standards and st&tement5 of recotnmended practice have been followed subject lo any depaTtUTC5 dis¢los¢d and explained in the financial statements. and prepare the financial Statements on the going concern basis unless it is inappropriate to prc5ume that the charity will continue in op¢ration. The Trustee5 e rE5ponsible for keeping icctsuniing records which disclose with reasonable ac¢uT8Cy ai any time the financial position of the charity and enable them to ensure that th¢ financial siar¢m¢nt5 comply with the Charities Act 2011, th¢ Charity (Accounts and Reports) Regulations and th¢ trust deed. Th¢y are also responsible for safeguarding the assets of the charity and h¢n¢¢ for taking reasonable step5 for th¢ pr¢vention and detection of fraud and other irr¢gularitie5. Disclosures of Inlormalion to auditors Eaeh of the trustees has ¢onfirmed that there is no infoTrnation of which th6y are aware which is rslevant to the audit. but of which the auditor is unaware. They have rther uonfirm¢d that they have taken appropriate steps to identify such relevant information and to esthblish that the auditors art aware of such information. Approved by the trustees ots 1410SlioiS and 518ned on their behatf by.. N Rowl¢yTrusÉee
The Paul Jennings And J¢anettc Dunn Charitabl¢ Foundation Registered ¢harity numb¢r'. 1182890 Annual report and a¢¢ounts Inde endent exirnination re rt to the Trustee5 We report on ihe accounts of th¢ charity for the year ended 5 April 2024 whi¢h are set out on pages 6 to 15. These financial statement5 have b¢¢n prepared in accordanco with the acrounting policiB5 S¢t out thEr¢in and th¢ requir¢ment5 of the Charities Sorp IFRS 102). Respective responslbllitles oftrustees and examiner As the ¢harity's trustees of the Company (wlio are also tlie dire¢tor5 of the company for th¢ purposes of wmpafty law}. you are responsible foT the pr¢paration of the 8¢¢ount5 in accordance wlth ih¢ r¢qviTem¢nts of the Companies Act 20061"the 2006 A¢V'I. Having satisfied ourselves that the accouDts of the Company are not required to be audited for thi5 year under Part 16 of the 2006 Act and are eligible for independent examination, we report in resp1 of our examination of your charity's &¢count5 25 c8rried oiit under seciion 145 of ihe Charities Act 2011 I'the 2011 Act"). In carrying out my examination. we have followed the Directions given by the Charity Commission (under section 14515)Ib) of the 2011 Act. Independent exgmtner's statement We have completed ny exarninati¢n. We confinn that no mat¢rial matters hav¢ come to our attention whi¢h giv¢5 me c&us¢ to belicv6 thai.. accounting records were nor kept in aordanCe with s¢¢tion 386 of th¢ Companic5 A¢l2006- or tlie aOUnts do not accord with such records., or * the accounts do not comply with rel6vant a¢¢ounting requirements under secrion 396 of the Companies Act 2006 ather than any requirement that the accounts give a 'true and fair, view which 1$ not a matt¢r considered as part of an ind¢pendent examination., or .the Ollts have Trot b¢cn PTtpar¢d in accordanc¢ with the Charities SORP {FRS102). We have no concerns and have rome across no othsr matters in connection wirh the examination to which attention shottld be drawn in thEs report in order to enabl¢ a proper understanding of the accounts to be reached. Sar&h M2rie Squires BEng FCA (S¢nior Statutory Auditor) For and on behalf of MGI Midgl¢y Sn¢lling LLP Chartered A¢countants Statutory AuditQTS Ibex House, Baker Stre¢t Weybridge Surrey. KT13 8AH
Tlie Paul Jenni[S And Jeanette Dunn Charitable Foundation Registered charity number: 1182890 Annual report and accounts Statement of Financial ActLVYti¢s for the ¢riod to 5 A ril 2024 6A ri12023to 6A ril 2022 to ril 2Q23 Notes INCOME FROM: Donations and legacie5 Investments 18,439 78,794 66,125 TOTAL INCOME 97,234 66.125 I XPENDITURE ON: Charitable activiti¢s 82,999 116,564 TOTAL EXPENDITURE 82,999 116,564 Net Gainl(Loss) on inv¢stments 198,879 (158,5711 Net inetsmt/(Exp¢nditure) for the p¢riod 213,114 {209,010) Net movement Én funds 213.114 1209.010 RECONILIATION OF FUNDS Total funds brought forward 3,581,741 3,390,751 TOTAL FUNDS CARRIED FORWARD 3,394,855 3,181.741 All funds are unrestricted and r¢lat¢ to continuing activities. The not¢s on pages 7 to 10 fomi part of these financial statements
The Paul Jennings And Jean¢tte Dunn Charitable Foundation Registered ¢harity number.. 1182890 Annual repon and a¢counts Balancc Sheet as#t5A ril 2024 6 A rÉl 2022 to5A ril 2023 As re5tHted toSA 2024 otes Fixed a55ets Inv¢sth)ents 3,403,575 3,195.474 Current assets Cash at bank and in hand 2,280 5,187 Creditors: falllRg due within one year I 1.000) 118,920 Net current assets (8,720) (13,7331 Tot81 net SS5ets 3.394,855 Funds Revaluation reserve Unrestricted fi]nds 307,865 3,086,990 3,394 855 20,041 3,161,700 3.181741 The financial statement5 ivere approved and authorised for issue by the Board on . Signed on behalf ofthe boaTd of truste85 N Rowley Trustee The notes on pages 7 to 10 fomi parl of these finarycial statem¢ntS
The Paul Jennin8s And J¢an¢tt¢ Dunn Charitable Fouttdation R¢gistered charity number= 1182890 Annual report and accovnts Not or 8¢C riod to 5 A il 2024 Accountlng polleles The following accounting policies have been applied ¢on51Stently in dealing with items which are considered mateTi81 in relation to the charitys aoUnt$. S1$ ofpr$paraiits The financial stat¢m¢nts have b¢¢n Prepared to giv¢ a 'true and fair, view and hav¢ depart¢d from the Chariii¢s (Accounts and Reports) Regulations 2008 only to the ¢x¢ent required to provide a'true and fair vi¢w'. This departur¢ has involved following the Accounting and Reporting by Charities.. Statement of Reeommended Practice appliGable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland issued itl October 2019 Tather than the Accountin8 tnd Reporting by Charitie5-. Starement of Re¢ommend¢d Pr2Ctice effective from l April 20C15 whi¢h has since been withdrawn. The finaftci81 sratemenls &re prepared on a going concern basis under the historical c05t conntion, modified to include certain itetns at fatr value. The financial statemenis are pr¢3¢nted in sterling which is the functiortol CUTrency of the charity and rounded to the nearest £1. The Significant accounting policie5 applied in the preparation of these financlal 5tst¢m¢nts are s¢t out b¢low. Thes¢ poli¢ies have been con51Stently applied to 811 years pr¢sent¢d unles5 Oth¢rwis¢ slated. IptcomingrÈ&07érces Income is re¢ogni$¢d when the chariry has entitlement io ihe fvnd5, any performance ¢ondition$ attached to th¢ income hav¢ be¢n met, it is probable that th¢ incom¢ will be re¢¢ived and ihat the amount can be MeaSud Kliably. Jnyestment ¥M¢ophe lllvestsnent in¢ome is accountsd for in the peTiod in which the charity is entt¢led to receipt. Re$ouycÉs expended Liabilities are recognised as r¢sources expended as soon as ibere is a legal OT ¢onstn]¢tiv¢ obligation ¢omrnitting the charity to the ¢xpenditUTe. All expendiiure is accounted ft)r on an a¢¢ruais basis. Costs of ¢haritable actlVLties include gr4nts aTLd donation5 made. Grants and donaiions are accounted for when either the reeipient has a rusonable ¢xpe¢tation that They will receiY¢ lh¢ incom¢ and the truste havc agreed to the paym¢nt without condition, or the re¢ipient hgs a reasonable expectation that they will r¢Geive thc payment and any condition atta¢hing to it is outside the Control of the Trust. Govgrnance ¢os15 Gov¢rnanee costs comprise costs relating to The general running of the charlry as opposed to those a5so¢iated with generatin8 funds or chaTltablc activity. General funds represent fimds that are not subject to any Tesiriction5 regarding their us¢ and are available for application on the general purp05¢s Of the chaiity. Desisnated funds are unrestricted funds of the oliarity whiGh th¢ trustee5 have decided ot their dis¢rglioD to set aside for a 5pe¢ifi¢ purpose. Restricted funds are ihose which have been given for a sp¢cifi¢ purpose.
The Paul Jennings And Jeanette Dunn Choril&ble Foundstion R¢gi5tercd Charity numb¢r'. 1182890 Annual reporl and 8CCOUThts Note5 tts tILQ a££oiin15 eriod tD 5 A .1 1024 or Aetouvting poll¢lts {contlnued) Fix¢dussvI inveslmEnls Inv¢$irneni$ #r¢ a form of basic financial in51rumcnt. Fixed asset investments aT¢ initially recogniscd at th¢ir Iransaclion value artd are subSeqentlY mea5ULrd at th¢ir f&iT value Iinarkct valu¢l as at the balance shcet date. The Statem¢nl of Financial Activities include5 th¢ n¢1 gains 2nd losses arising on rcvalualion and disposa15 thToughoul the Yr. Quoted stocks and shares #re in¢lud¢d in the Ba18nce Sheel 8t the curr¢D¢ rn2rket velue quoied by the inv¢5tm¢nl analy51, ¢x¢ludin8 dividend. Other investments Are Included at the INtee'S bestestimate of fair value. The main form of flnancial risk fartd by IhE ¢harity js that of volatility in wuity markets and inv¢5ttncnt markcts due lo widcr e¢onomi¢ conditlons, Ihc aiiLlude of investor5 to invesimertt risk. and changes irt sentiment ¢on¢¢ming oquiti¢S and within particular s¢¢tors or sub sectOTS. Realisedgoins (wdlosses All gain5 and losses are tsken lo the Statement of Fin&n¢i81 Activities $5 they arise. Re8li5ed gaSns and 1055¢5 on investments are calculated 8$ th¢ diff¢r¢n¢¢ between sales proce¢d5 #nd opening carrying vaIue Ipurcha5c dale if laterl. Unreallsed gains and losses are calculated 95 the difference betiveen the mArkel valu¢ at th¢ year end and opening carryingvalue {orpurth&4edate if laierl. The ohgrity is ¢xempt from corporation t&x on its ch4ri18ble &iVitieS. Coxh ai bankondin Cash tti bgnk fynd in hand includes funds d¢p05it¢d in a desi8nated client tsth)uni held by Mackr¢ll Solicitors. Going COer The financi8J teMentS have been prepared on a 8OiA8 concern b8515 #S the trustee5 brlTeve that no Meal unc¢rtain11¢5 l$t. The irllstees have considcrcd the l¢vel of funds held And (he expectcd level of in¢ornc 8nd expenditure for 12 monih5 fron auihorising thcse financial st4t¢m¢nts. The budgeted expenditure is d¢termined by incom& Flnamcial iwlr¥m¢nl$ The charity onl> has financittl #sseis and financial liabilitlf5 ora kind that quailfy &$ b¢ fiwanelal Snslruments. BLSIC financial insln)ments, inrluding inve5tsn¢nts which are iniiS8lly recognk4¢d #i transaction value and sub5equcrfIy measured at fr value. Crllicoloccouniing¥siimai8s ahdorEUS OfjudMeI In preparin8 fJnan¢ial slaiemenis it is necc5sary to make c¢nain jud8¢m¢nlS. estimat¢$ and )s8umption5 that affcct the amounts recogni5rd in Ihe financial siaiemcnt8. Thc followingjud8emcnts and e6timales are eonsidered by the tnisiees 10 h&v¢ ihe most significanteffect on amounts r¢eogni$ed in the finan¢ig1 statemeats. (l) Falrvalue ofinv¢slmepJlS Th¢ annual calcu&tion of the inve5tnenl poitfolio is b&sed on the Cunt m&rketV8lueof Ihestock5 and shar. Judgements glld key sourct5 of estimation unetrtRlnty In the appliration of th¢ ehorilie8 8¢¢ouniing policies, theTrustees are rwuired to makc judgemeDlS, estimates 8Jd a5suinptloDs about the cawng arnounl of gs5ets und liabilitiE5 that aT¢ not readily 8ppartttti from oihEf Sources. Tho 51imates and as50ciated &ssumplions are based on historsGal experience and oth¢r factor5 that ar¢ ¢onsider¢d to be r¢lev8ni. Aciual results may differ from thes¢ esiimatC5. The estima¢¢5 4Dd underlyin8 &ssumptions are r¢viewed on an ongoing b8sis. Revisions to a¢wunling clmaleS are recagnised in the period in ivhich thc ¢stin)ate Is revised where the Nwision &ffc¢i$ only that PEricd. or io Ihc p¢riod of the revision futtJFe periods where the Tevi5ion aff¢cis both ¢urr¢ni and fvture periods.
The Paul Jennings And Jeanette Dunn Charitsble Foundiiion Registered charity rtumkT.' 1182890 Annu41 r¢port and a¢Gounts Notes to the Attounts ror the eriod to 5 A rll 2024 2024 2023 3 Total Income DollatioD$ hnd leKHcle5 Le8acy 18.439 Investment Income Interest received Dividends received Interesi pHid 8,941 69.853 210 65,915 66,125 Tot¥1 incoming r¢soyrtes 97.235 66.125 4 Charltable activities Crints to Institutions Bom Free Hillside Animal Sanctuary Sumatran Orangutan So¢i¢ry Centre for animals and soci0J justice 12,500 12,500 12,500 12.500 50,000 20.000 20.000 Support costs Legal and prof¢ssioDal Investment rnanag¢m¢nt Gusts Interest paid Accountancy Sundry expenses 16,757 38.562 18,641 41,865 76 5,500 482 66,564 7.680 62,999 Tot41 expendltur¢ 82,999 116564 Th¢ support costs are all reloted tD the administr8tion of the ch&Tity and nmning of th¢ inv¢stment PDrtfolio. S Staff number5 ¢05ts There ar¢ no staff ernployed by the Charity. 6 Fixed H85et inv¢5trnents 2024 2023 As re5tAted Mllrket value ofinvestments At beginning of year Additions Di5po$als Movement on cash res¢rve5 h¢ld in inv¢s¢m¢nts Gains and Iloss¢sl on iovestrnents FAir valu¢ •t end of the year 3,195,474 683,509 {711,533} 37,246 198 879 3.403,575 3,398,125 709,934 1754,9631 949 158,571 3.195,474 Unrealised galnslllossesl on fair value of invttnents Realised gainslllosse5) on disposal of illV¢Sttn¢nls Total r¢tontili*tion of gAinsl(1055) on inYe5tment 287,824 188.9451 198.879 1329,4801 170,909 158.571
The Paul Jennings And Jeanette Dunn Charitable Foundation R¢gistered charity number.. 1182890 Annual report and accounis Note5 to the gceounts ror th¢ er5od to 5 A rll 2024 Th¢ above valuation of the investment portfolio's in¢ludc5 cash re5erYes held by the portfolio's for fijthre investsneni opportunitles. The main risk to the Foundation, from financial instrurnsnts, lies in th¢ combination of unc¢rtain investtnBnt Tnarkets and volatility in yield. Th¢ Foundation manages investment risk by retaining expert advisors and operating an investment policy that provide5 for a high d¢grt¢ of diversification of holdings witliin inv¢siment asset classes. 2024 2023 Credltors du¢ wlthln one year Accrllals 18,920 L8,920 11.000 8 Unre$trieted- movement in funds Opening Incoming Resource5 Gainsl{loss) on resources ¢xpended investments Bal8rkc¢ ut 5 April 2024 To¢aI unr¢strlcted funds 3,181.741 97.235 {82,999 198,879 3,394.856 2024 2023 A5 restated Reserve5 at the beginning of the year 3,181,741 3,390,751 Net (outgoingllincoming reserves 213,114 3,394,855 209.OIQ 3,181,741 represeNi¢dby.' Cash reserves (net current a5s¢rs) Accruals Fair value reserve Fixed asset valuation 2.279 {1 1.000) 307.865 3,095,711 3.394.855 5.186 118.92Ql 20,041 3.175.434 3,181,741 10 Commltments Thero are no payments due under non4ancellabl¢ operating leases expiring within one lo five years. 11 Related party dI5¢1osures No trustees have been paid any r¢mun¢ration or received any oth¢r benefits from their &%sociation with the charity. The Trustees aT¢ also solicitors of Mackrell. SolicitOTS. Total legal f¢¢s of £16,75712023.. £18.641) were paid to Mackrell. Solicitors in the year. 12 Prior yeir reytlltement In the prewous period. the fair value reserve 3t8ted in the accounts as a £20,041 deficit wh¢n in fact it was a surplus. Thi5 has been adjusted in 2024. This do¢s not effe¢¢ on th¢ Stat¢meni of FiDanclal Activities, and has only irnpaeted the unrestri¢ted reserves and r¢valuation fund. ID
fjcircit Certificate of Comp191ion Document Title.. Reference ID.. Digital Signature ID.. Document Pages.. Annual report & Ac¢ounls.pdf SDKIDX1 S C702F66A70CDOE29EOBF067F272718FC687E8E23 12 Ilncluding certsficalel Security Events Auditor- Account Authentication Hash9dlEncrypted Document Signer- Account Aulhenlicalion HashedlEncrypted Signature status Tlmestsmp IUTCI l.P. Address Complete 2025-03-14 11'.47 109.73.121.153 2025-03-14 17.'18 109.73.121.153 Complete Complete 2025-03-14 17'.34 115.114.62.148 Complete 2025-0&14 17'.35 115.114.62.148 User Audlt Trail User rimestamp IUTCI ben.josse@midsnell.co.uk 2025-03-14 17:18 nigel.rowley@oullook.com 2025.03-14 17'.35 l.P. Address Request Created DocuTnenl Signed 109.73.121.153 115.114.62.148