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2022-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1 January 2022 To 31 December 2022

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

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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
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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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

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Tim Martin-Jenkins is a member of The Council of Marlborough College (reg charity 309486) and chairman of the trustees of The Marlborough College Foundation (reg charity 1061798). These charities benefit from grants made by the Martin-Jenkins Foundation.

Section C Objectives and activities

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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 £250,500 were made during the year. 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 The partnership between Fitzwilliam College Cambridge, declaration that trustees Marlborough College and Swindon Academy continues. A have had regard to the successful residential programme in Cambridge in July 2022 guidance issued by the allowed three year-groups from Swindon to participate. Selected Charity Commission on pupils from Swindon receive mentoring from Fitzwilliam public benefit) undergraduates. Swindon Academy pupils continue to demonstrate increased confidence and awareness of university life. Four Swindon Academy pupils are at Marlborough College on full bursaries.

Additional details of objectives and activities (Optional information)

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3

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

Grants of £250,000 were made to Marlborough College to support social mobility and science innovation.

Section E Financial review

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Brief statement of the charity’s policy on reserves

The terms of major donation agreements require capital to be invested for long term growth and not greater than 4% of the total return may be withdrawn for grant making.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Grants paid out exceeded donations received by £104,000. Cash for investment was retained at the end of 2021 in the hope of purchasing stocks at a lower value in 2022. Whilst shares were purchased at lower prices, in some cases the shares fell further in value. The investment portfolio lost 19% in the year compared with 33% for the Nasdaq index. The portfolio remains invested in companies with long term growth potential.

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, Chairman Chair, etc) Date 26 June 2023

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CC16a

Charity Name No (if any) The Martin-Jenkins Foundation Receipts and payments accounts Period start date Period end date For the period from 1-Jan-22 To 31-Dec-22

Section A Receipts and payments

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Restricted Endowment
Unrestricted funds funds funds Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations recieved - 138,000 - 138,000 1,992,582
Gift Aid - 8,277 - 8,277 9,625
Dividends ii - - 6,053 6,053 2,582
Interest - - 384 384 -
Reimbuse stamp duty paid in 2021 - - 1,953 1,953
- - - -
- - - -
Sub total (Gross income for AR) - 146,277 8,390 154,667 2,004,789
A2 Asset and investment sales, (see table).
Sale of Shares - - - 116,179
- - - -
Sub total [ - ] - - -
Total receipts - 146,277 8,390 154,667 2,120,968
A3 Payments
Grants made - 250,500 - 250,500 240,000
Bank charges - 50 - 50 50
Investment Platform Fees
- 120 120 354
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total - 250,550 120 250,670 240,404
A4 Asset and investment purchases, (see
table)
Purchase of shares - 75,000 438,543 513,543 1295528
- - - -
Sub total 125528
- 75,000 438,543 513,543
Total payments - 325,550 438,663 764,213 1,535,932
Net of receipts/(payments) - - 179,273 - 430,273 - 609,546 585,037
A5 Transfers between funds - 164,000 - 164,000 -
A6 Cash funds last year end - 21,076 777,363 798,439 213402
Cash funds this year end - 5,803 183,090 188,893 798,439
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Section B Statement of assets and liabilities at the end of the period

Unrestricted Restricted Endowment funds
Categories Details funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Co-operative Bank
Interactive Investor		 5802
-
-
5,802
Total cash funds

-

-
 -
183,090
-
183,090
(agree balances with receipts and payments account(s))
Agreement Error		 Agreement Error
OK
Unrestricted Restricted Endowment funds
funds funds
B2 Other monetary assets Details to nearest £
-
-
-
-
-
-		 to nearest £
-

-

-

-

-

-
 to nearest £
-
-
-
-
-
-
B3 Investment assets Details
Interactive Investor
Fundsmith		 Fund to which
asset belongs		 Cost (optional)
-

-

-

-

-
 Current value (optional)
2,340,232
352,475
-
-
-
B4 Assets retained for the charity’s own Details Fund to which
asset belongs		 Cost (optional)
-
 Current value (optional)
-
use -

-

-

-

-

-
 -
-
-
-
-
-

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- -
- -
Fund to which Amount due When due (optional)
Details liability relates (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on behalf of all the trustees Signature Print Name Date of approval
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs port on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended Chaiity no (If any I IF￿0qs Set out on pages I report to the truSt￿S ￿ my examination of the accounts of the abo charity (Ihe Trusn for the year erKled Responsibilities and As the charity tru￿$ of Trust. you are responsible for the preparation basis of report of Ihe accounts in accordartt requireM￿ts of the Char[t￿S Act 2011 fthe Acn. I report in resFed of my exarninalion of the Tru5Vs accounts carried out under secb'on 145 of Ihe 2011 Act and in carrying out my examination. I have follCfy￿d the applicable Directions given by the Charity Commission urKter seclui 145(5)(b) of the Ai Independent I have completed my examination. I confirm that no material matters have examinerfs statement come to my attention ( ") in connection wtth the examination thi¢h give5 me cause to believe that in, any material accourrting reoxds were not kept in accordan￿ with section 130 of theAdor I have no ctJKwns and have come a(TOSS no other matters in connedion with the examination to which attention shoukl be drawn in order to enable a proper understanding of accounts to be reached . Please d8lete in Ihe brthts rflhey ￿ not apply. Slgned: Name: Relevant professional quallfi¢ation(s) or body (rf any): tL7 . IER October 2018

Section B Disclosure Onty complete rfthe examiner needs to high1￿ht matters of concem {see CC32, Independent examinalion of chanty accounts: directions and guidan￿ for examiners). Give here brief details of any items that the examiner wishes to disclose. 1 i J+J. IER. October 2018