## **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
**----- 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 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 £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)**
March **2012**
**TAR**
3
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 £250,000 were made to Marlborough College to support social mobility and science innovation.
**Section E Financial review**
March **2012**
**TAR**
5
## **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:
- the charity’s principal sources of funds (including any fundraising);
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.
- 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,** Chairman **Chair, etc) Date** 26 June 2023
March **2012**
**TAR**
6
**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
**----- End of picture text -----**
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 IF0qs
Set out on pages
I report to the truStS 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 requireMts of the Char[tS 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 follCfyd 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 high1ht 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