VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10221wriurc+OI D W8 P 1115 Charlty numbèr: 1184952 THE MARJORIE JAYE CHARITABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10221wriurc+OI D W8 P 2115 THE MARJORIE JAYE CHARITABLE FOUNDATION CONTENTS Page Reference and Administrative Detsils of the Charity, its Trustees and Advisers Trust8es' R•port Independent Examlnerfs Report Statement of Financial Activities Balanc• Sh•ot Noto$ to th• Flnan¢lal Stat•mtnts 7-13
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..iogJiwriurc+OI D W8 P Y15 THE MARJORIE JAYE CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustfjo$ S C Jaye. Chair AGJaye C C Jensen Charity registered number 1184952 Prlnclpal offi¢• Stanyafds Chertsey Road Chobham Woking GU24 8JE Accountants James Cowper Kreston Chartered Accountants Reading Bndge Hous8 George Street Reading RG18LS Page 1
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..iogJiwriurc+OI D W8 P4115 THE MARJORIE JAYE CHARITABLE FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report logether wth the audited financial slatsments of the Charitable Incorporaled Organisation ICIO} for the year ended 31 March 2022. Objectives and activities The objectives of the CIO 8re for the public benefft lo pay or apply the income 8nd the whole or part of the Capital for such ex¢lusively Charitable obie¢ts as Ihe trustees from time lo time in their absolute dis¢retion determine. The trustees confirni that they have referred lo the Charity Commission's guidance on public benefit when reviewing the Trust's aims and obiecbves, in planning future acb"vib"es, antl setting policy for thè year. Structur81 gov8rnanc• and manag•m•nt Constitutlon The structure. govemance and management are controlled through the CIO Conslilulion, last amended 9th August 2019. Methods of appolntment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and COryOPted under the terms of the Trust deed. K•y manag•m•nt p•rsonn•l r•mun•ratlon All trustees have continued to offer thoir timo frge and no remuneration ha$ bean made to any of tham Flnan¢lal revlèw Tol81 income for the period was £45.88312021'. £64,177). Total expenditure for the period was £48,621 12021.. £29,872). The excess expenditure over income was £2,738 12021.. excess income over gxpgnditure w8S £34,305). Nel gains on investmenl for the period was £80.41412021'. £652.5631- Revl•w of our achl¢vtment$ and perfornianco The CIO has not carned out any activities lo dale an(1 all funds remain invested with Smith & Williamson LLP, which has continued lo manage the capital in a low risk manner. Invostmont pollcy and p•rformance AII CIO funds continue lo be managed by Evelyn Partners Ifomerly Smitti & Williamson LLPI with a low risk investment strategy. Perfomiance was in line with national averages up to 31st March 2022. Rlsk Manag•m•nt Current CIO fund positson is monitored weekly. wilh necessary actions taken to protect and grow the fund. Re$erve$ Policy 11 is the intention of the CIO to only apply the share of the fvnd that gx¢eeds the original £5M deposit, such that the fund is able to grow year on year and conknnue lo provide a source ol funds for applying to chosen charitable causes. Plans ft>r the future 11 is intended to start applying th9 ftjnds that exceed £5M into the charitsble areas ol palliative carg, eltjerfy care and children based charities. Going concem After making appropriate enquirie5. the Trustees have a reasonable expectsb.on that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statemenis. Further deiails regarding the adoption of the going concern basis can be found in the accounting poliaes. Statement of Tru5tees' responsibilities The Trustees a responsible for preparing the Trustèes, Report and the financial statements in ac¢ordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Page 2
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10241wriurc+OI D W8 P Y15 THE MARJORIE JAYE CHARITABLE FOUNDATION TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Approved by order of the members of the board of Trustees and signed on their behalf by.. SIeFthfj.e., SCJaye Chair of Trustees Date.. 21 December 2022 Page 3
vinualsignalur&Transal0 Ref. VRPG4SU.T7 21 Dgca>22 (e..10241wriurG+OI D W8 P V15 THE MARJORIE JAYE CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Independent Examin•¢s Report to the Tru$to0$ of Th• Mariori• Jaye Charrtsblo Foundatlon I'tho Charlty'l I report lo the Charity Trustees on my examinakn"¢M of the accounts of the Charity for the ytrar ended 31 Mar¢h 2022. Re5pon5ibilitles and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accLsunts in accordance with the requirements of the Charities Act 2011 {Ihe 2011 Act.). I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. Independont Examinerfs Statement Your altenlion is drawn to the fad thal the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charitie5.' Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extsnl gUlationS bul has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practiee effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe that in any malenal respect- accountin9 records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those recor(Is: or Ihe accounts do nol comply wilh the applicable requiremenls conceming the fomi and content of accounts set out in the Charities (Accounis and Reports) Regulaiions 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent e¥amin81ion. I have no concerns and have come across other matters in connection with the examination lo which attention should be drawn in this report in order to enable a propew understandin9 of the accounts to be reached. This report is made solely to the Charivs Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Charitys Trustees those matters l am required lo stste to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent pomittod by law, I do not a¢¢ept or assume responsibility to anyone other than the Charity and the Charity's Trnslees as a body. for my work or for ihis report. Signed.. fvs CtMJJW Dated.. 21 December 2022 Alexandtrr Peal BSclHonsl FCA DChA James Cowper Kreston Charted Accountants Page 4
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10251wriurc+OI D W8 P 7115 THE MARJORIE JAYE CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 Unr•strlct•d funds 2022 Total funds 2022 Total funds 2021 Note Incomè from: Donab'ons and legacies Investments 1,189 62,988 45.883 45,883 Total income 45.883 45,883 64,177 Expenditure on: Charitable activities 48.621 48,621 29,872 Total 8XP8nd5tur• 48.621 48,621 29,872 Net lexpendlturelllncome bfrforn net galns on InvoStments Nel gains on investments 12,738) 80,414 {2,7381 80,414 34,305 652,563 Net movoment In funds 77.676 77,676 686,868 Reconclllatlon of funds: Totsl funds brought forwar(I Ngt movemonl in funds 5.193,102 77,676 5,193,102 77,676 4,506,234 686,868 Total funds card•d forward S.270.778 5,270,778 5,193,102 The Slalemenl of Financial Activities indudes all gains and losses recognised in the year. The notes on pa9es 7 to 13 fomi part of these financial ststemenis. Page S
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10251wriurc+OI D W8 P W15 THE MARJORIE JAYE CHARITABLE FOUNDATION BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Fixed assets Investments 4,963,681 4,935,599 4,963,681 4,935,599 Curront 3s5ots Cash at bank and in hand 309,597 267,503 Curr•nt Ilabllltl•s 309,597 267,503 Creditors.. amounts falling due within one year 12,5001 110,0001 Net current a$ts 307,097 257,503 Total not assets 5,270,778 S,193,102 Charlty lund$ Unrestricted funds 5,270,778 5,193,102 Total fund# 5,270,778 5,193,102 The financial statements were approve(l and aulhorised for issue by the Trustees and signed on their behalf by.. SCJ4y¢ Chair of Twstee$ Dale.. 21 December 2022 The notes on pages 7 10 13 fom) part of these ffinancial statements. Page 6
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10261wriurc+OI D W8 P W15 THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting poll¢ioS 1.1 Basis of preparation of financial statements The financial stslements have been Prepared in accordance with the Charities SORP IFRS 1021- A¢¢ounlin9 and Reporting by Charities- Ststement of Recommended Pra¢ti¢tr appli¢abltr lo Charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The finan¢ial statements have been ppared lo give a 'lrue and fairf view and have departed from the Charities (Accounis and Reports) Regulalions 2008 only to the extent required to provide a 'tru& and fairf view. This departure has involved lollowing the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Pr8Ctice effective from 1 April 2005 which h85 since been withdrawn. The Marjorie Jaye Charitable Foundation meets the definition of a public bengfil entity under FRS 102. Assets and liabilities are inilially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 In¢om• All income is recognised once the Charity has enlitlement to the income, it is probable that thg income will be received and the amount ol income receivable can be measured reliably. Income lax recoverable in relation lo inveslmenl income is reCJnised al the time the investment income is receivable. Other income is recognised in Ihe period in which it is receivable and to the exlenl the goods have been provided or on completion of the serviee. 1.3 Exp•ndlture Expenditure is recognised once there is a legal or conslructive obligation to transfer economic benefit lo a third party, il is probable that a transfer ol economic benefits will be required in settlement and the amount of the obligation can be measure(1 reliably. Expenditure is classified by activity. The costs of each aclivity a made up of Ihe total ol direct costs and shared costs, including support costs involved in undertaking each activity- Direct costs attributablè to a single activity are allocaled directly to that aclivily. Shared cosis which contribule to more than one activity and support costs which are not attribuiable to a single aclivity are apportioned between those activities on a basis consistent with the use of SourCes. Central stsff costs are allocated on the basis of timè spent, and depreci81ion charges allocale(J on Ihe portion of the asset's use. Expenditure on charitable acbviiies is incurred on diredy undertaking the activities which further the Charity's objects'ves, as well as any associated support o)sts. All eXpendrtU is inclusive of irre(x)verable VAT. 1.4 Interost recelvablo Interest on lund5 held on dewsil is induded when recervable and the amount can be measured reliably by the Charity- this is nomally upon notification of the interest paid or payable by the inststub'on with whom the ndS are deposited. Page 7
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10261wriurc+OI D W8 P 10115 THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting poli¢ios l¢ontlnued) 1.5 Investments Fixed asset investments are a fomi of financial instfument and are initially recognised at their transacts'on cost and subsequendy measured at fair value at the Balan Sheet date, Ljnless the value cannot be measured reliably in which case it is measured at cost less impaimienl. Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on investments. in the Statement of Fin8nu81 Activities. 1.6 Cash at bank and In hand Cash at bank and in hand includes cash arKI short-lerm highly liquid investments with a short malurily of three months or 16ss from the date of acquisib.on or opening of the daposil or similar account. 1.7 LlabilitSes and provlsions Liabilities are recognised when there is an obligation al thè Balance Sheet dale as a result of a past event, il is probable that a transfer ol economic benefit will be qUired in selllemenl, and the amount of the settlgment can be estimated reliably. Liabilities are recognised at the amount that the Charity anlicipales It will pay lo settle the debt or the amount il has received as advanced payments for the goods or seNices il musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Wherg the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-iax discount rate thal reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement ol Financial Actsvilies as a finance cost. 1.8 Flnan¢lal Instruments The Charity only has financial assets and finanaal liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequendy me8sure(l al amortised cosl using the effectsve interest method. 1.9 Fund accountlng General funds are unreslricte(I funds whid) are avai18ble for use al the di$¢tion of the Trustees in furtherance of the general objectives of the Charity and which have not bgen designated for olhgr purposes. Investment income, gains and losses are allocated to the appropriate fund. Page 8
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10271wriurc+OI D W8 P 11115 THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from donations and legacies Unr•strlct• d funds 2022 Total funds 2022 Total funds 2021 Donatsons 1,189 Totsl 2021 1,189 1,189 Invo$tmont Incom• Unr•str5cte d funds 2022 Total funds 2022 Total funds 2021 Dividends Intèrest income 25,110 20,773 25,110 20.773 51,479 11,509 45,883 45,883 62,988 Totsl 2021 62,988 62,988 An*ly81$ of exp¢nd6tur• by actlvltles Support costs 2022 Total funds 2022 Total funds 2021 Charitable activities 48,621 48.621 29,872 Totsl 2021 29,872 29,872 Page 9
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10271wriurc+OI D W8 P 12115 THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expenditure by act•vities (continued) Analys1$ of $upport eo$ts Total funds 2022 Total funds 2021 Investment management fee5 Office costs Govemance costs 31.566 15.855 1.200 25,872 4,000 48.621 29,872 Indep•nd•nl •xamlnerfs remuneratl¢)n 2022 2021 Fees payable lo th9 Charity's indepgndent examiner for the independent examination of the Charity's annual accounts 2,500 2,500 Tru8t•es' rnmun•ratlon and exnseS During the year. no Trustees received any remuneration or other benefils12021- £NILI. During the year ended 31 March 2022. no Twstge expenses have been in¢uNed12021 - £NILI. Page 10
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10281wriurc+OI D W8 P IW15 THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Fixed asset investments Listsd investments Cost or valuat5on Al 1 April 2021 Additions Disposals Revaluations 4.935,599 1.329,053 11,381,385} 80,414 At 31 March 2022 4.963,681 Net book valu• Al 31 March 2022 4.963,681 At 31 March 2021 4,935,599 Credltors: Amounts falllng due wbthln on• year 2022 2021 Aecruo1$ 2.500 10,000 Page11
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10281wriurc+OI D W8 P 14115 THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Statement of funds Statomont of fund$- ¢urr¢nt ar Balance at 31 March 2022 Balance at 1 April 2021 Gainsl IL05sesl In¢ome Expendrturt Unrestricted funds General Fun(Is S,193,102 45,883 {48,6211 60,414 5.270,778 Statamont of funds- prlor year 8alance at 31 March 2021 Balance at 1 April 2020 Gainsl (Lossesl Income Expenditure Unrestrlcted fund8 General Funtls 4.506.234 64.177 129,8721 652,563 5,193,102 10. Summary ¢ffunds Summary of funds- curr•nt yaar Balance at 31 March 2022 Balance at 1 Aprfl 2021 Galnsl ILo$$•$l In¢om• Expendlture General funds 5.193,102 45,883 {48.6211 80.414 5.270,778 Summary ¢ffund$- prlor y•ar Balance al 31 March 2021 Balance at 1 April 2020 Gainsl (Lossesl Income Expendituwè General funds 4,506.234 64.177 {29,872} 652,563 5,193,102 Page 12
VinUalSna1Ur9Transal0 Ref. VRPG4SU.T7 21 Dgcayid (e..10291wriurc+OI D W8 P IS15 THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. Analysis of net assets between funds Analys1$ of not a$$¢ts b•tw¢•n fund$- ¢urr•nt 0 Unrestricte d funds 2022 Total funds 2022 Fixed asset investments 4,963,681 309,597 12,5001 4.963,681 309,597 12,500} Current assets Creditors due within one year Total 5,270,778 5.270,778 Analysls of not as$•ts tween funds- prlor y•ar Unrestricted funds 2021 Total funds 2021 Fixed asset investments Current assets Creditors due within one year 4,935,599 267,503 110,0001 4,935,599 267,503 110,0001 Total 5,193,102 5,193,102 Page 13