Ch4rlty reglstration number 1184952 TItE MARJORIE JAYE CHARITABLE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL sTATEmEs FOR THE YEAR ENDED 31 MARCH 2025
THE MAIUORIE JAYE CHARITABLE FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trnstee5 S C Jaye. Cb4ir S Jaye C C JeD8en Charlty number 1184952 Prineipal address 40 Church Str¢et Staines upon Thames Middlesex United Kingdom TW18 4EP IDdependent examlller David Howard C]wtered Accountants I Pa Road Hampton Wiek King8ton Upon Thames KTI 4AS
THE MARJORIE JAYE CHARITABLE FOUNDATION CONTENTS Page Tntee8 report tnd¢pend¢nt ¢xaminets report Stat¢m¢nt of financial actAVAti¢s Balance 8heet Notes to the financial staternents 7-13
THE MARJORIE JAYE CHARrrABLE FOUNDATION TRUSTEES REPORT FOR TBE FEAR EJVDED 31 MARCH2025 The Tnths present their amiual report and financial statements for tbe year ended 31 March 2025. The fuwicial statements have been prepared in accordance with the a¢¢ouDtiDg policies set out in note i to the fanCIal statements and comply with the Charity's CIO Constitution. the Charitics Act 2011 and "Accounting and Reporting by Charities.. Statement of Reeonmiended Practice applicable to cbariti&% preparing their accounts in accordan¢e with th¢ FiTon¢ial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) (effective l Janu 2019)" Objtetlves &nd actlvltles Th¢ objtiVeS of th¢ CIO are for the public b¢fit to pay OT apply the income and the whole or part of the capital for such exclusively charitable objects as th¢ tTU8tees from time lo time in their absolute discretion d¢t¢rniine. Th¢ Trnst¢es have paid due r¢g8rd to guidanc¢ issued by the Charity Conmiission ID d¢¢iding what activities the Charity should undertake. Fin¥n¢lal revlew Totsl income for th¢ pwiod w&s £31.926 (2024: SA9,134). Total cxpcnditure for thc p¢riod was £148.663 (2024.. £104,433). Net profit on Investment for the period was £132,413 (2024.. (£421292). Golng coneern After making appropriate cnquiries, the Tn1¢¢5 have a reasonable expectation that the Charity has adequatc resources to cont&nue in operational existence for the foreseeable future. For thts reaso they cotltinue to adopt the going Concern basis in preparing the financial statements. Further details re8ardin8 the adoption ot the going concern basis can bc found in the accounting policies. Reserves Poliey Tt is the intention of the CIO to only apply the share of the fid that exceeds th¢ otiginal £5M deposit, such that the fulld is able to 8row year on year and continue to provid¢ a sour¢¢ of funds for applyin8 to chosen dwi¢ablc causes. Plans for the futu It is intended to start applying th¢ fiwds that ex¢e¢d £5M into the charitable areas of walliative rare. elderly ar¢ and Children based charitie& Revlew of our achlevements and performaDce The CIO has not carried ou¢ any activities to dat¢ and all fimds remain invested Ev¢lyn Partners (fornierly Smith & Williamson LLP), whith has continued to matVd8e th¢ ¢apital ID a low risk manner. Investment polley and performance AII CIO fimds continue to be managed by Evelyn Partners (fonnerly Smith & Williamson LLP) with low risk investm¢nt strategy. Rlsk MAD•gement Current CIO fund position is monitored weekly, with necessary actions taken to protect and the fund.
THE MARJORIE JAYE CHARITABLE FOiINDATION TRUSTEES REPORT (CONTINUED) FOR THE FEAR EJVDED 31 MARCH2025 Strucr goverDaDce And management Constitutiou Th¢ structure. governance and management are ¢ontrolled through the CIO Constitytion. last amended 9¢h August 2019. The Trustees who served dur&ng the year and up to the date of signature of the finallcial statements were: S C Jay4 Chair S Jaye C C Jensen Non¢ of the Trustees has any beneficial interest in the company. All of the Tn]stees are m¢mbers of the ¢omp&ny and guarante¢ to contribute £1 in the event of a winding up. Methods of appolntment or elecdon ofTrustees The manag¢m¢nt of the CIwAty is the responsibility of the Tru5tc¢s who are elected and vndeJ the terms of the Tnt deed Th¢ Board of Trustees report to the knnual G¢Deral Meeting. Currently there are three trustees. with the Chief Executive meet at regular intervals to make decisions conMing the Tunning of th¢ organisation. The implementation of those decisions 18 delegat¢d to th¢ Chi¢f Executive and a professional staff t¢am. for the day-tfrday njnning of the organisation. The Board op¢r&tes the best usc of the available skills. to ensure that strong governance StctureS and scrutiny ar¢ maintain. The Trustees may from time to time appoxnt new Trustees as required by the organisation.
THE MARJORIE JAYE CHARITABLE FOUNDATION TRUSTEES REPORT (CONTINUED) FOR fHE YEAR ENDED 31 MARCH2025 Statement of Trustees reyponslbllldes The Trustees are responsible for preparing the Trustees R¢port and the fmaJcial statemeuts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare fuwicial 5tat¢m¢nts for each financial year which g&ve a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resourcey of the Charity for that yw. In pryarin8 these fina181 ststenw)ts, the Trnstees are required to: - select suitable accounting lI¢l¢S and then apply them consisteotly" - obsery¢ the methods and Principles in th¢ Charities SORP. - mak¢ jiulgem¢nts and es¢inMtes that are reasonable and prudent. sta* whether applicable accountitig statthds have bccD followed. subject lo ally matrrial departures dilosed and explain&1 in the financial statements" and - pr¢pare th¢ fuwicial statcmcnts on th¢ going concern basis unl¢ss it 1$ itt4pproprx#t¢ to presume that th¢ arity WAll ¢ontinu¢ in op¢ration. The Trustees are responsible for keeping sufficient accounting records that disclose with re&sonable accuracy at any time th¢ financial position of the Charity and enable them to ensure that the fiDaucial statemeats comply with the Cknti¢s Act 2011. the ChaTity (Accounts and RqM)rts) Regulations 2008 and th¢ provisions of th¢ tnt deed. They are also responstble for safeguarding the assets of the Charity and hence for laking reasonabl¢ st¢ps for the pr¢vcntion and detertiott of fraud and other irregularities. The Truste¢s r¢port w roved by the Board of Th]st¢es. S C Jay¢, Chair Truste¢ 4.T4...Q.u ..fQ..LS..
THE MAIUORIE CIIARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MAILIORIE JAYE CHARITABLE FOUNDATION I report ty the Tsle on niy examination of the financial statements of The Mjorie Jay¢ Charitabl¢ Foundation (the Charity) for the y¢ar ended 31 March 2025. Responslblllties and bAsls of report As the TTUStc¢s of th¢ Charity you are rcsponsible for the preparntion of the financial sthtements in accordance with the requiT¢ments of th¢ Clwitie8 Act 2011 (the 2011 Act}. I report in respect of my examinalion of the CharTrty's financial ststements rarried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directi4)Tr8 given by the ChaTtty Conunission under section 145{5)(b) of th¢ 2011 Act. Independent aler,8 statement Your atteniioD is drnwn to the fact that the charity has prepared financial statements in ac¢ordan¢¢ with th¢ Charities Act 2011 and "Accowiting 2nd Reporting by Chariti¢s: Statement of Recomm¢nd¢d Practice applicable to charities preparing their &c¢owits as per the Financial Reportitsg Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amend¢d for accounting pIOdS comm¢n¢ing from l Jonuary 2019). I have completed my exaMIOll. I corth that no matters have come to my attention in Connection with th¢ examination giving me cause to believe that in any mawial respe¢¢: accounting records were not kept in respect of the Charity as qUIred by scction 130 of the 2011 A or the fmatt¢ial ststements do not accord with those recorits. or the financial statements do not comply with the applicable requirenwts concerning the forni and content of accounts set out in the CIltieS (Accounts and Reports) Regulations 2008 other than any Tequirement that the accounts 8iv¢ a true and fair view wbich is not a matter considered as part of an independent examination. I have no ¢on¢etDs and have come across 00 oth¢r matters in ¢om)¢¢tion with the examination to which attention should be drawn in this report itk order to enable a proper und¢landitig of the financial statements to be reached. Cl1 David HowATd Chartered Accountants I Pwk Road Hamploti Wi¢k Kingston Upon Thames KTI 4AS 13-10-2025
THE MARJORIE JATrT CHARITABLE FOUNDATION STATEMENT OF FINANCIALACTIVITIES IY4CLUDING fNCOME AND EXPENDrruRE AccouNr FOR THE YEAR EMJED 31 MARCH2025 UnrestrActedUDrestrlcted funds fund5 2025 2024 No¢e5 Income from: Investments 31,926 49,134 elldltllre on: Raising fLmds 29.341 27,483 Charitable activities 119.322 76,950 Tot expendltllr¢ 148,663 104,433 Net gaiDs/Oosses) on investments io 132,413 422292 Plet movement In fullds J 5,676 366,993 Fund balances at l April 2024 5,140.759 4.773.766 Fund b*lwn¢es at 31 March 2025 5,156.435 5,140.759 The statement of financial activilies includes all gains and losses recognised in the year. All income and expenditure d¢rive from continuing activities.
THE MARJORIE JAYE CHARTfABLE FOUNDATION BALANCE SHEET ASA T31 AL4RCH2025 2025 2024 Notes Ftsed Assets Inv¢sth)ents 12 5,136.578 5,101.579 Current assets Cash at bank and in hand 25,238 42,360 Credltors: amounts falllng due wlthln one year 13 (5,381) {3,180) Net current assets 19.857 39,180 Totsl 41*ts kss current UAblUiles 5,156,435 5,140.759 Income funds Unrestricted fi]nds . gen¢ral 5,156,435 5,140.759 5,156,435 5,140,759 Th¢ flliala1 statements were approved by the Tnte¢S on .... . .. .. S C Jaye. Chair
THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YE4R ENDED 31 M4RCH2025 Accounthig polAde8 Chrlty Inforniallon The Marjorie Jaye ckrItable Foundation was registered &$ a Charitable Incorporntion Organisation on 19 August 2019 and is governed by its Constitution fonned under an association model. 1.1 Accoutstlng eollvenilon Th¢ finaucial statements have been prepared in accordance with the Charitys [governing document], the Chariti¢s Act 2011, FRS 102 'Th¢ Financial Reporting Standard applicable in the UK and Republi¢ of Ireland- ("FRS 102") and the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102). {¢ffecÉive l January 2019). The Chatity is a Public Benefit Enlity as defmed by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prq)are a Statement of Cash Flows. The financial statancnts are prepared in sterling, whith 1$ the functional cutrency of the Charity. Monetary amounts in th¢se financial stat¢ments are routmled to the nearest £. The fiDanci81 statemeDts have b¢en prepared Uler th¢ histori¢al Cost convention. The principal accoiinting policies adopted are set out below. 1.2 Going concern At the time of approving the fllwicial statements. th¢ Thstees have a rasonable ¢xpectation that the Charity h&8 adequat¢ resources trj contitiue in operntional existence for the foreseeable fjjture. Thus the Trustees ¢ontitiu¢ to adopt th¢ going concern basis of accounting in prepating the financial statements. 1.3 Charltable funds Unrestricted fidS ar¢ availabl¢ for use at the discretion of the TTUStces in fiirtberance of their charitabl¢ objectives. Restsickd funds ar¢ subject to specific ¢onditioll8 by donors as to how they may be used. The PUqM)S¢S and of th¢ restricted fimds set out in the notes to the fuwicial statements. Endowjnfflt fimds are subject to specific Conditions by donors that the capital must be maintained by the Chartty. 1.4 Income Income is reco8nis¢d when tILe Charity is le8ally entitled to it after any perfotmance conditions have been rneL the amounts can b¢ measured reliably and it is probable that income will b¢ rCIv Incon from investsnents is included in the year in which it is receivable. 13 ExpeDdltsr¢ Expenditure is recognised once th¢tt is a legal OT constructive obligation to transfer cnoMic benefit to a third party, it is probable that a transfer of economic benefits will be required in settiem¢nL and the amount of th¢ obligation can be me8sur¢d reliably. Expenditure is classified by activity. The Costs of each activity are made up of the total of direct COBts and shared costs, including support costs involved in widertaking each activity.
THE MARJORIE JAYE CHARITABLE FOiINDATIOY4 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FE4R ENDED 31 h£4RCH2025 Aceounthig polleles (Conthiued) 1.6 Flxed asset inveslments Fixed asset investments are illitially measured at transaction price excludin8 trAnsaction costs, and are 8ubsequendy measured at fair value at each reportin8 date. Changes in fair value are recognised in net income/(expenditure) for th¢ year. Trans&ction costs are expensed as incutred. Investment 8aiDs and losBes (realised and unrealis) are combined and pres¢nt¢d as Gains/(Losses) on investhients in the Statement of FiR)ancial Activities 1.7 Cash and cash equlvalents Cash and cash equivalents includ¢ wh in hand, deposits held at call with banks, other short-terni liquid inv¢stments with original maturities of thr¢e months or les4 and bank overdrafts. Bank overdrafts are sbown within borrowings in CtsTrent li8biliti¢s. Fund Atcollnthig Getleral fimds are unrestricted fiwds which are available for use at the discretion of the Truste¢s furtherdnce of the genernl objectives of the chatity and whicb have not beeD d¢5ignated for other pUtses. Investment incom4 gains and losses are allwated to the appropriate fund. 1.8 Retirement benefits Payments to defined contribution T¢tirement benefit sclmes are charged as an expense they fall due. Crldral accounthig esthnats5 •nd judgements ID the application of th¢ Charity's accounting policies, the Tn are required kn make judgements, estimates and assumptions about the ¢anying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associa*d assumptioDS ar¢ based on historical ¢xperienc¢ and oth¢r factors that are considered to be relevanL Actual results may differ from these estimates. Th¢ estimates attd underlying asswnptions are reviewed on an ongoing basis. Revisions to aoUntIng estitNt¢s ar¢ r¢¢ognised in the period in which the estiniate is vISed where the revision affects only that Peri or in the p¢riod of the revisAon aod future periods wherc the revision affects both curz¢nt and fvture periods.
THE MARJORIE JAYE CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONtMJED) FOR THE YEAR ENDED 31 MARCH2025 lttvestmeDts Unrestricted Unre8Érlcted funds funds g¢ner general 2025 2024 Incom¢ from listed investments - Dividends lttterest receivable 20,953 10.973 33,274 15.860 31.926 49.134 Ralslng funds UDrestrlcted Unrestrlcted funds funds i¢ntral geDeral 2024 2025 Inveslment management fees 29,341 27,483 29,341 27,483 Charlt8ble a¢tlvldes 2025 2024 Staff costs 30,619 Grant fundin8 of activities (see notc 6) 83.995 58,000 Slwe of SUPEth costs (S not¢ 7) Slwc of govemance cost8 (see note 7) 1,450 3252 15,770 3,180 119,322 76.950
THE MAIUORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FIY4ANCIAL STATEMENTS (CONTINUED) FOR THE FEAR ENDED 31 MARCH202S Grants payable 2025 2024 Grants to institutions: Community Fouodation Make Them Smile St Joseph's Hospice Royal Trinity Hospic¢ 62,000 10,000 2.495 9,51XI 58.CK)O 83,995 58,(KlO Support ¢o$t Support Govtrnance Costs 2023 2024 Office rates rr support & website Lcgal & professional Sundry expenses 15,770 624 539 293 624 539 293 AOlltan fee 3252 3.252 3,180 1,456 3252 4,708 18,950 A]wiys¢d tWe¢ll ChlIable a¢tiviti¢s 1.456 3,252 4,708 18,950 Trustees None of th¢ TThs (or any p¢rsons connected with tb¢nJ) received aoy r¢munerntion or benefits from th¢ Charity during thc ycar. 10-
THE MARJORIE JAYE CHARITABLE FOUIYDATION NOTES TO THE FINANCJAL STATEMENTS (CONTINUED) FOR THE FEAR ENDED 31 h£4RCH2025 Employees The nwnthRy number of employees durAng the year w&%: 2025 Number 2024 Number Employment Costs 2025 2024 WBges and $8laries Social security ¢osts 27.500 475 30.619 There were no employees vthose annual r¢muneration was more than £60,0(K>. 10 Net galnsloosses) OD Investments Unrestrleted UDrestrleted nds funds general general 2025 Revaluation of investments Gainl{loss) on salc of xnvestmettts (67.593) 2(XI,006 478285 (55.993) 132.413 422.292 11 Taxadon Th¢ Gharity is exempt from tsx on income and gains falling within 8ection 505 of the Taxes Act 1988 or section 252 of the Taxatsonof Chorg¢able Gains Act 1992 to the extent that thesc are applied to its ¢haritabl¢ objects. 12 Thtd Asset Investments 11
THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE FEAR ENDED 31 MARCH2025 12 Ftted 25set InTes¢ments (Condnutd) Llsted Investments Cash In portfolio Total Cost or valuatlon At l April 2024 Additions Valuation changes Disp)sals 5,017,383 2278,700 135,921 (2.477.877} 84,196 98,255 5,101,579 2,376,955 135,921 (2.477.877) At 31 March 2025 4,954,127 182,451 5,136,578 CArrylng amount At 31 March 2025 4.954.127 182.451 5,136.578 At 31 M&r¢h 2024 5.017.383 84.196 5.101.579 13 Credltors: amounts falling due within one year 2025 2024 Other taxation al social security A¢cnwls 2.069 3,312 3,180 5,381 3,180 14 Analysb of ne¢ assets betheen funds Unrestrlctsd Unrestrlcted nds funds 2025 2024 Fund balanc at 31 March 2025 are reprcs¢nted by: Investm¢nts Cwrent a&8ets/{liabilitieB) 5.136,578 19,857 5.101.579 39.180 5,156.435 5,140,759 IS Related party traDsaciloni There were no disclosable relat¢d party transactions during the year (2024- none). 12-
THE MARJORIE JAYE CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMEIYTS (CONTINUED) FOR THE YL4R ENDED 31 AIARCH2025 16 OutstandlDg guarantees gfven by the eharlty There were no gUarnIte given by the clwtty dwing th¢ year. 17 Outstsnding debt Ther¢ is no outstanding debt at the end of the y¢ar which is subjert to a ¢harg¢ on the ChaTity5 assets. 13-