**To**
## **Trustees' Annual Report for the period**
**From**
Period start date Period end date Day Month Year Day Month Year 01 01 2021 31 12 2021
## Section A Reference and administration details
**Charity name** The Martin-Jenkins Foundation
**Other names charity is known by**
**Registered charity number (if any)** 1184095
**Charity's principal address** Pythingdean Farmhouse
Pulborough
**Postcode RH20 1BS**
## **Names of the charity trustees who manage the charity**
**----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
Tim Martin- Chairman Trustees
1
Jenkins
Lily Martin- Trustees
2
Jenkins
Robin Martin- Trustees
3
Jenkins
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
**Names of the trustees for the charity, if any, (for example, any custodian trustees)**
**Name Dates acted if not for whole year**
March **2012**
**TAR**
1
## **Names and addresses of advisers (Optional information)**
**Type of adviser**
**Name Address**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Section B Structure, governance and management**
## **Description of the charity’s trusts**
Constitution Type of governing document
(eg. trust deed, constitution) CIO How the charity is constituted (eg. trust, association, company) Appointed Trustee selection methods
- (eg. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
Tim Martin-Jenkins is a Member of the Council of Marlborough College (reg charity 309486) and a chairman of the trustees of The Marlborough College Foundation (reg charity 1061798). These charities benefit from grants made by the Martin-Jenkins Foundation.
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
**Section C Objectives and activities**
March **2012**
**TAR**
2
To advance any purposes which are exclusively charitable under the law of England and Wales from time to time by providing grants to charities or other non-profit organisations or **Summary of the objects** individuals identified by the trustees at their discretion focusing **of the charity set out in** mainly on the UK. **its governing document**
The trustees have continued to have regard to the guidance issued by the Charity Commission on public benefit. Grants of £240,000 were made to Marlborough College. The trustees have continued to work with The Marlborough College Foundation (charity number 1061798) to support means tested bursaries for pupils unable to afford fees, and programmes for social mobility through raising awareness of and preparation for university education. The trustees continued to support the furtherance of science and innovation teaching. We work closely **Summary of the main** with The Marlborough College Foundation to frame and extend **activities undertaken for** the ambitions of Marlborough College to increase social mobility, **the public benefit in** partnering with local schools and providing transformative **relation to these objects** educational opportunities for young people. **(include within this section the statutory** Then partnership between Fitzwilliam College Cambridge, **declaration that trustees** Marlborough College and Swindon Academy was badly affected **have had regard to the** by Covid pandemic. A **guidance issued by the** residential programme in Cambridge in July 2022 will allow 3 **Charity Commission on** year groups from Swindon to participate. Pupils from Swindon **public benefit)** continue to receive mentoring for Fitzwilliam undergraduates. Swindon Academy pupils continue to demonstrate increased confidence and awareness of university life.
## **Additional details of objectives and activities (Optional information)**
March **2012**
**TAR**
3
The Foundation received a major donation of £1,750,000 for the endowment. Not all of this was immediately invested, as it was considered the value of our selected investments was high. We also received unrestricted donations of £242,582 and £9,625 of Gif Aid.
You **may choose** to include further statements, where relevant, about:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
Section D Achievements and performance
March **2012**
**TAR**
4
## Section D Achievements and performance
**Summary of the main achievements of the charity during the year**
Grants of £240,000 were made to Marlborough College to support social mobility and science innovation. A survey is being undertaken of the impact of a Marlborough education on bursary pupils. An Innovation Centre, supported by MJF, was opened at Marlborough College in September 2021.
## **Section E Financial review**
March **2012**
**TAR**
5
Under the terms of a Deed of Gift, the major gift of £1,750,000 **Brief statement of the** in November 2021 must be invested for long term capital **charity’s policy on** growth and not greater than 4% of the total return may be **reserves** withdrawn for grant making.
**Details of any funds materially in deficit**
## **Further financial review details (Optional information)**
It was a flat year for the investment portfolio, which aims for You **may choose** to include long term capital growth. New funds for the endowment were additional information, used to add to existing holdings and to provide further where relevant about: diversification. Some cash was retained for investment as the charity’s principal growth stocks were highly priced. sources of funds (including any fundraising);
- how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s)** TDMJ **Full name(s)** Timothy Dennis Martin-Jenkins **Position (eg Secretary,** Chair **Chair, etc) Date** 6 July 2022
March **2012**
**TAR**
6
**----- Start of picture text -----**
Charity Name No (if any)
The Martin-Jenkins Foundation
Receipts and payments accounts
CC16a
1-Jan-21 31-Dec-21
For the period from To
Section A Receipts and payments
Unrestricted funds Restricted funds Endowment funds Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations - 242,582 1,750,000 1,992,582 215,000
Gift Aid - 9,625 - 9,625 -
Dividends - 2,582 2,582 11,768
Interest - - - 5
Sub total (Gross income for AR) - 252,207 1,752,582 2,004,789 226,773
A2 Asset and investment sales,
(see table).
Sale of Shares - - 116,179 116,179 1,018,049
- - - - -
Sub total - - 116,179 116,179 1,018,049
Total receipts - 252,207 1,868,761 2,120,968 1,244,822
A3 Payments
Grants made - 240,000 - 240,000 235,000
Bank charges 50 - 50 40
Broker fees - - 354 354 2,848
Sub total - 240,050 354 240,404 237,888
A4 Asset and investment
purchases, (see table)
Purhase of shares - - 1,295,528 1,295,528 816,567
- - - -
Sub total - - 1,295,528 1,295,528 816,567
Total payments - 240,050 1,295,882 1,535,932 1,054,455
Net of receipts/(payments) - 12,157 572,880 585,037 190,367
A5 Transfers between funds - - - - -
A6 Cash funds last year end 8,919 204,483 213,402 23,035
Cash funds this year end - 21,076 777,363 798,439 213,402
Section B Statement of assets and liabilities at the end of the period
Categories Details Unrestricted funds Restricted funds Endowment funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Co-operative Bank 21,076 -
interactive investor - 777,363
- - -
Total cash funds - 21,076 777,363
(agree balances with receipts and payments
account(s)) OK OK OK
B2 Other Monetary Assets Unrestricted funds Restricted funds Endowment funds
Details to nearest £ to nearest £ to nearest £
Fund to which asset Current value
Cost (optional)
Details belongs (optional)
B3 Investment assets Interactive Investor - 2,563,214
Fundsmith - 322,027
- -
- -
- -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B4 Assets retained for - -
the charity’s own use
- -
- -
**----- End of picture text -----**
**----- Start of picture text -----**
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details
liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two Signature Print Name Date of approval
trustees on behalf of all the
**----- End of picture text -----**
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examinerfs
report on the accounts
Section A
Independent Examiner's Report
Report to the trusteesl
On accounts for the year
Charity no
lrfany)
i *+oqS
Set out on pages
I report to the trustees my examination of the accounts of the al)ove
thanty (Ihe Tru forttE year ended
Responsibilities and As the tharity trust of the Trust, you are reSpsible for the preparation
basis of report of the accourts in accordan with the rw4uirgMents crf the Charilies Act
2011 (Ihe Acr).
I report in resped of my examination of the Trusfs accounts carried OLA
under section 145 of the 2011 Act and in carrying out my examination. I
have follth%ed the appIable Direction5 given by the Charity Commission
under section 145(5)(b) of the ACL
Independent
I have completed my examinalion. I confinn that no matetial matters have
exarninerfs ststement come to my attenti(
in connection with
the examination vknich gives me cause to believe that in. any materia
afX(xJntiTrJ reths *tre Mt kept in accordan *ryth sec*ion 130 of
theArtor
the accounts do not accord with the antIng rrdS
with the examination to which attenti should be drawn in txder to enabk a
proper understanding of the accounts to be reac11.
. Please (klete the WdS in the betS rfthey (k) not a.
Signed:
Date:
Name:
Relevant professional
qualrfi&itionls) or body
(If any):
Address:
IER
October 2018
Section B
Disclosure
Onty complete rfthe examiner neets to hh1J matters of concem (see CC32,
Independerrt examination of charity accounts: dtiOnS and gUKlan for
examiners).
Glve here brief details of
any items that the
examiner wishes to
dlsclose.
IER
October 2018