The Paul Jennings And Jeanette Dunn Charitable F￿ndatIOn
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 a￿OUnts
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 Trust￿5 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 resp￿1 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 a￿ordanCe with s¢¢tion 386 of th¢ Companic5 A¢l2006- or
tlie a￿OUnts 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 ￿￿O￿llts 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 a￿oUnt$.
S￿1$ ofpr$paraiits
The financial stat¢m¢nts have b¢¢n Prepared to giv¢ a 'true and fair, view and hav¢ depart¢d from the Chariii¢s
(Accounts and Reports) Regulations 2008 only to the ¢x¢ent required to provide a'true and fair vi¢w'. This departur¢
has involved following the Accounting and Reporting by Charities.. Statement of Reeommended Practice appliGable
to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republi¢ of Ireland issued itl October 2019 Tather than the Accountin8 tnd Reporting by Charitie5-. Starement of
Re¢ommend¢d Pr2Ctice effective from l April 20C15 whi¢h has since been withdrawn.
The finaftci81 sratemenls &re prepared on a going concern basis under the historical c05t con￿ntion, modified to
include certain itetns at fatr value. The financial statemenis are pr¢3¢nted in sterling which is the functiortol CUTrency
of the charity and rounded to the nearest £1.
The Significant accounting policie5 applied in the preparation of these financlal 5tst¢m¢nts are s¢t out b¢low. Thes¢
poli¢ies have been con51Stently applied to 811 years pr¢sent¢d unles5 Oth¢rwis¢ slated.
IptcomingrÈ&07érces
Income is re¢ogni$¢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 MeaSu￿d 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 subSeq￿entlY 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 Y￿r. 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 IN￿tee'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 CO￿er￿
The financi8J ￿￿teMentS have been prepared on a 8OiA8 concern b8515 #S the trustee5 brlTeve that no M￿e￿al
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 f￿r value.
Crllicoloccouniing¥siimai8s ahdorEUS Ofjud￿Me￿I
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$ed in the finan¢ig1 statemeats.
(l) Falrvalue ofinv¢slmepJlS
Th¢ annual calcu&tion of the inve5tnenl poitfolio is b&sed on the Cu￿nt m&rketV8lueof Ihestock5 and shar￿.
Judgements glld key sourct5 of estimation unetrtRlnty
In the appliration of th¢ ehorilie8 8¢¢ouniing policies, theTrustees are rwuired to makc judgemeDlS, estimates 8Jd
a5suinptloDs about the cawng arnounl of gs5ets und liabilitiE5 that aT¢ not readily 8ppartttti from oihEf Sources. Tho
51imates and as50ciated &ssumplions are based on historsGal experience and oth¢r factor5 that ar¢ ¢onsider¢d to be
r¢lev8ni. Aciual results may differ from thes¢ esiimatC5.
The estima¢¢5 4Dd underlyin8 &ssumptions are r¢viewed on an ongoing b8sis. Revisions to a¢wunling c￿lmaleS are
recagnised in the period in ivhich thc ¢stin)ate Is revised where the Nwision &ffc¢i$ 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 inv￿ttnents
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.
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