Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year 01 01 2023 31 03 2024 From To
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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Tim Martin-Jenkins | Chairman | Trustees | ||
| LilyMartin-Jenkins | Trustees | |||
| Robin Martin- Jenkins |
Trustees | |||
| 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)
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.
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
training of trustees; The charity’s financial year end was changed from 31 December to 31 March, so that the reporting period is for the 15 months to 31 March 2024.
-
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
Summary of the objects of the charity set out in its governing document
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 individuals identified by the trustees at their discretion focusing mainly on the UK.
March 2012
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2
The trustees have continued to have regard to the guidance issued by the Charity Commission on public benefit.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Grants of £250,250 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 with The Marlborough College Foundation to frame and extend the ambitions of Marlborough College to increase social mobility, partnering with local schools and providing transformative educational opportunities for young people.
The partnership between Fitzwilliam College Cambridge, Marlborough College and Swindon Academy continues. A successful residential programme in Cambridge in 2023 and days at Marlborough College allowed three year-groups from Swindon to participate. Selected pupils from Swindon receive mentoring from Fitzwilliam 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)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
March 2012
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3
Section D Achievements and performance
Grants of £250,000 were made to Marlborough College to support social Summary of the main mobility and science innovation. achievements of the charity during the year
March 2012
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4
Section E Financial review
Brief statement of the charity’s policy on reserves
Not greater than 4% of the total return from endowed funds 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 £93,294. There was a recovery of 20% in the value of the equity portfolio during the reporting period. 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, Chair, Chairman etc) Date June 2024
March 2012
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5
| Donations | - | 152,706 | - | 152,706 | - |
|---|---|---|---|---|---|
| Gift Aid | - | 4,250 | - | 4,250 | - |
| Dividends ii | 8,275 | 8,275 | - | ||
| Interest | - | 2,888 | 2,888 | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| Sub total(Gross income for AR) |
- |
156,956 | 11,163 | 168,119 | - |
| A2 Asset and investment sales, (see table). |
|||||
| Sale of shares | - | - | 101,725 | 101,725 | |
| - | - | - | - | - | |
| Sub total | - | - | 101,725 | 101,725 | - |
| Total receipts A3 Payments |
|||||
| - | 156,956 | 112,888 | 269,844 | - | |
Grants Made |
- | 250,250 | 250,250 | - | |
| Bank Charges | - | 25 | - | 25 | - |
| Investment Platform ~~Fees~~ |
- | - | 164 | 164 | - |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| Sub total | - | 250,275 | 164 | 250,439 | - |
| A4 Asset and investment purchases, (see table) |
|||||
| Purchase of shares | - | - | 136,986 | 136,986 | |
| - | - | - | - | ||
| Sub total | - | - | 136,986 | 136,986 | - |
| Total payments of receipts/(payments) A5 Transfers between A6 Cash funds last ye sh funds this year end |
|||||
| - | 250,275 | 137,150 | 387,425 | - | |
| - | - 93,319 | - 24,262 | - 117,581 | - | |
| - | 90,000 | - 90,000 | - | - | |
| a - | 5,802 | 183,090 | 188,892 | - | |
| - | 2,483 | 68,828 | 71,311 | - | |
| Section B Statement o | f assets and liabilities | at the end of the period | |||
| Categories B1 Cash funds B3 Investment assets B5 Liabilities B2 Other monetary assets B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details | Unrestricted funds to nearest £ |
Restricted funds to nearest £ 2,483 - - 2,483 OK Restricted funds ~~to nearest £~~ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - ame Amount due (optional) |
to nearest £ Endowment funds |
|
| - | 2,483 | 68,828 | |||
| - | - | - | |||
| - | - | - | |||
| (agree balanc | Total cash funds es with receipts and |
- | 2,483 | 68,828 | |
| Details payments account(s)) |
OK | OK | |||
| Unrestricted funds ~~to nearest £~~ |
~~to nearest £~~ Endowment funds |
||||
- |
- |
- |
|||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| Details | Fund to which asset belongs |
Current value (optional) |
|||
| Interactive Investor | - | 2,803,154 | |||
| Fundsmith | - | 425,599 | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| Details | Fund to which asset belongs |
Current value (optional) |
|||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| Details | Fund to which liability relates |
When due (optional) |
|||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| Signature | Print N | ||||
| Date of approval | |||||
Section A Receipts and
A1 Recei ts p Donations
Gift Aid
Dividends ii
Interest Reimburse stamp duty aid in 2021 p
Sub total (Gross income for AR)
A2 Asset and investment sales, (see table).
Sale of shares
Sub total
Total receipts
A3 Payments Grants Made
Bank Charges
Investment Platform ~~Fees~~
Sub total
A4 Asset and investment purchases, (see table) Purchase of shares
Sub total Total payments
of receipts/(payments) A5 Transfers between A6 Cash funds last yea sh funds this year end
Section B Statement of
Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity’s own use
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees
Charity Name ~~THE MARTIN-JENKINS~~
For the period from
d payments Unrestricted funds to the nearest £
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-
-
-
-
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-
-
-
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-
-
-
-
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-
-
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-
-
-
f assets and liabilities at
Details
(agree balance pa
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Details
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Details
Interactive Investor Fundsmith
Details
Details SignatL
~~FOUNDATION~~ Receipts and p Period start date 1-Jan-23
Restricted funds to the nearest £
152,706 4,250
-
----- Start of picture text -----
-
-
156,956
----- End of picture text -----
----- Start of picture text -----
-
-
-
156 956
,
250 250
,
25
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250 275 ,
250 275 ,
- 93 319 , 90 000 , 5 802 , 2 483 ,
t the end of the perio
Total cash funds es with receipts and ayments account(s))
Ire
N
payments accounts
Endowment funds to the nearest £
----- Start of picture text -----
-
-
8,275
2,888
-
-
----- End of picture text -----
----- Start of picture text -----
-
-
11,163
----- End of picture text -----
----- Start of picture text -----
101,725
-
101 725
,
112 888
,
----- End of picture text -----
-
164 - - - - - - 164
136 986 , - 136 986 , 137 150 ,
- 24 262 , - 90 000 , 183 090 , 68 828 ,
od
Unrestricted funds
to nearest £
----- Start of picture text -----
-
-
-
-
OK
Unrestricted funds
----- End of picture text -----
----- Start of picture text -----
to nearest £
-
-
-
-
-
-
----- End of picture text -----
Fund to which asset belongs
Fund to which asset belongs
Fund to which liability relates Print Na
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No (if any)
Period end date
- -
31 Mar 24
Total funds
to the nearest £
----- End of picture text -----
----- Start of picture text -----
152,706
4,250
8,275
2,888
-
-
----- End of picture text -----
----- Start of picture text -----
-
-
168,119
----- End of picture text -----
101,725 - 101 725 , 269 844 , 250 250 , 25
164 - - - - - - 250 439 , 136 986 , - 136 986 , 387 425 ,
- 117 581 , - 188 892 , 71 311 ,
Restricted funds
----- Start of picture text -----
to nearest £
2 483
,
-
-
2 483
,
OK
Restricted funds
to nearest £
-
-
-
-
-
-
----- End of picture text -----
Cost (optional)
-
Cost (optional)
-
Amount due (optional)
-
ame
----- Start of picture text -----
CC16a
----- End of picture text -----
Last year to the nearest £
----- Start of picture text -----
138,000
8,277
6,053
384
1,953
-
----- End of picture text -----
----- Start of picture text -----
-
-
154,667
----- End of picture text -----
----- Start of picture text -----
-
-
154 667
,
250 500
,
50
----- End of picture text -----
120 - - - - - - 250 670 , 513,543 513 543 , 764 213 ,
- 609 546 , - 798 439 , 188 893 ,
Endowment funds
----- Start of picture text -----
to nearest £
68 828
,
-
-
68 828
,
OK
----- End of picture text -----
----- Start of picture text -----
Endowment
funds
to nearest £
-
-
-
-
-
-
----- End of picture text -----
Current value o tional ( p )
2,803,154 425,599
-
Current value o tional ( p )
-
When due (optional) Date of approval
Trustees' Annual Report for the period
Period start date Period end date Day Month Year Day Month Year 01 01 2023 31 03 2024 From To
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
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Tim Martin-Jenkins | Chairman | Trustees | ||
| LilyMartin-Jenkins | Trustees | |||
| Robin Martin- Jenkins |
Trustees | |||
| 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)
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.
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
training of trustees; The charity’s financial year end was changed from 31 December to 31 March, so that the reporting period is for the 15 months to 31 March 2024.
-
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
Summary of the objects of the charity set out in its governing document
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 individuals identified by the trustees at their discretion focusing mainly on the UK.
March 2012
TAR
2
The trustees have continued to have regard to the guidance issued by the Charity Commission on public benefit.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Grants of £250,250 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 with The Marlborough College Foundation to frame and extend the ambitions of Marlborough College to increase social mobility, partnering with local schools and providing transformative educational opportunities for young people.
The partnership between Fitzwilliam College Cambridge, Marlborough College and Swindon Academy continues. A successful residential programme in Cambridge in 2023 and days at Marlborough College allowed three year-groups from Swindon to participate. Selected pupils from Swindon receive mentoring from Fitzwilliam 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)
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
March 2012
TAR
3
Section D Achievements and performance
Grants of £250,000 were made to Marlborough College to support social Summary of the main mobility and science innovation. achievements of the charity during the year
March 2012
TAR
4
Section E Financial review
Brief statement of the charity’s policy on reserves
Not greater than 4% of the total return from endowed funds 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 £93,294. There was a recovery of 20% in the value of the equity portfolio during the reporting period. 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, Chair, Chairman etc) Date June 2024
March 2012
TAR
5