Charity Registration No. 1192202
THE JAMES KNOTT FAMILY FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

THE JAMES KNOTT FAMILY FOUNDATION
CONTENTS
Page
Trustees. reFX)rt
statement of Trustees, responsibilf(ies
Statement of financial actwf(ies
Balance sheet
Statement of cash flows
Notes to the financial statements
8-14

THE JAMES KNOTT FAMILY FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Professor S Barclay
Mrs J R S Johnston
Professor J Barclay
Dr A Barclay
Miss L J Cousins
Administrator
Ralhbones Trust Company Limf(ed
Charity number
1192202
Registered office
and addre55 for appeals
8 Finsbury Circus
London
C2M 7A2
Bankers and Investment Manager$
Rathbones Investment Management Limited
8 Finsbury Circus
London
EC2M 7N2

THE JAMES KNOTT FAMILY FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 JANUARY2024
The Trustees present their annual report and financial stslemenls for the year ended 31 January 2024.
The financial slalemenls have been prepared in accordance wrth th& accounting Fx)licies sel out in note 1 to the
financial statements and comply with the Charity's constrtulion, the Charities Act 2011 and "Accounting and
Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021
leffeclive 1 January 20191.
Objectlves and actlvltles
The James Knott Family Foundation is a Charilatde Incorporated Organisation created by a Constitution Document
dated 31 August 2020. The objects of the CIO are lo pay or apply the capital and income vested in the Trustees lo
or for such purpc6es as are exclusively charitable in accordance with the law5 of England and Wales as the
Tlustees shall, in their absolute discretion, think fit.
ststement of compliance with Charity Commission guidance
The Trustees have complied wlh the duly in section 17 of the Charities Act 2011 to have due regard to the public
benefit guidance published by the Charities Commission.
Grant making policies
The Trustees have long-eslablished links with various areas of Africa and have supwrted hosprtals and educational
projects here lor a number of years. During the period under review the Trustees continued lo prowde funding lo
those previously funded charities.
The Trustees take an active interest in projects supported and have kept in regular contact with them in order that
they may monitor the use ofthe donations provided and report on progress being made.
The Trustees have supported the Mvumi Hospital for a number of years and Continued to do so, and in this period
they made a payment of £13,000 towards the cost of vehicle repair and a new autoclave.
The Trustees agreed lo continue their support lo NOTDEC UK and made a donation of £28,250 in this period. The
donali(>n assisted wlh mainlenan¢e of the tractor and b(>￿er, pick-up, mini-bus and motor kn"ke, support lor
secondary and tertiary education fees, computers for ￿ students In vocational training, solar Inslallalions, and
nstruction work.
The Trustees ￿ntInued to supwrt The Trussell Trust Icoventry Food Bank), and agreed a cjonation of £4,000 to be
used towards the ongoing running costs of their warehouse.
The Trustees have previously supported Candle for India IDeepti Centrel. Th18 year, the Trustees agreed a donation
of £8,000 to assist with vehicle mainlenan¢e and expenses.
The Trustees supported The Kite Trust and agreed a donation of£8,500 to enable the charty lo continue support for
its one to one work. its youth leadership programmes and ils residential camps for young people.
The Trustees supported Spear Bethnal Green and a donation of £15,000 was agreed 1¢ assist the funding ¢f
one of their courses to assist young people wlh finding employment.
The Trustees 8uprK)rted Kings College Memtsrial SeNi¢es and a donation of £2,500 which offers an annual
memorial seryice lo relations of indiwduals who have donated their bodies lo medical science.

THE JAMES KNOTT FAMILY FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Grant maklng FM)licies- contlnued
A donation of £15,000 was made to the Emmanuel College, CambrKlge to supp)rt medica151udents in cases of
linancial hardship for their living expenses.
Donation payment lo Arthur Rank Hospice help fund their day hospice. This Day Centre is entirely ftjnded by
charrtable donations. The Trustees have an Interest In the provision of hospice care and agreed lo make an annual
donation of £2.000 lo a hospice which is local lo one Df their number, in order lo monitor the benefrt obtained from
the pledged monies.
The Trustees have previously made annual prizes available to m&lical students at the Unwersily of Cambridge
studying palliative care. The Trustees have, in the period, pledged £3,750 toward pnzes for Years 4. 5 and 6
students.
Achlevements and performance
The investment objective for the Trust Is for a balance between caprtal gr0￿h and income, in line wf(h Risk Strategy
Level 4. 85 defined by Rathbones Teims of Business
As at 31 January 2024 the Trust YRS valued at £632,407 and was forecast lo w{￿Uce an estimated gross annual
income of £18,801 or 2 970A.
During the 12 months lo 31 January 2024, the portfolio increased 2.44% in tc>lal return terms as compared to the
MSCI WMA Balanced which increased 5 81%.
2023 ended on a more upbeat tone following what was a fairy tumultUDUS year with many conflicting economic
forces al play. As we look ahead in 2024, worldwide conflicts serve to remind investors how fragile the geopolrtical
landscape is and how inextricably linked global markets are to such events. This is sobering as we start an election
year wrth over half the world's population set to vote Including tolh here and In the USA. A5 ever, investment
markets climb a wall of worry wrth some leading economic indicators forecasting a recession this year. However,
while one can sometimes struggle to see reasons to be optimistic, when we Iouk through the lens of individual
companies, we can take considerable Confidence from the services and produ¢ts being created and the
opportunities therein dessj'te the geopolitical landscape.
The portfolio continues to have a strong bias to direct UK equity Investments with higher income yields. The portrolio
is well diversified wth a core of blue-chip companies with strong balanc? sheets that delive a large pioportion of
their earnings from overseas, as well as some investments in mid cap stocks which offer greater capital growth
potential.
At the year-end there were ￿ collective holdings that were valued al over 5% of the portfolio's capital.. JP Morgan
US EqLJity Income and Trojan Global Income. The collective holdings are well diversified across different
geographies and sertor5 and have a bias towards generating income together with the opportunity for Capital
growth, In line wrth the Risk Strategy Leve14 of the Funcj.
A8 at 31 January 2024 accumulated income stood at £27.676.

THE JAMES KNOTT FAMILY FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Flnanclal review
Total incoming resources were £18,250 (£17,864 in 20231, wth £112,2871£112,264 in 20231 being committed lo
charrtable activities of which £12,2871£12,264 in 20231 relates lo support and governance costs. Costs of raising
funds amounted lo £4.3241£4,349 in 20231, There was an unrealised gain of £8,266 (loss of £18,265 in 20231 on
investments and in addrtion a realised Ilossl of £12,243 (loss of £24,455 in 20231 resuf(ing in net oufflow of funds of
£102.338 loulflow of £141,469 in 20231.
Rlsks
The Trustees have not identrfied any major risks and they will continue lo monitor the adequacy of their system.
Above and beyond the inherent market risks, to which the charity is exposed, the portfolio is well diversified, on a
geographical, sectorial and stock basis.
Structure, governance and management
The TrustÈes who served during the period were..
Professor S Barclay
Mrs J R S Johnston
Professor J Barclay
Dr A B8relay
Miss L J Cousins
Appointment of new tTUStees
Apart from the first Trustees Ilisted above) every Trustee musl be appointed lor a term of three years by resolution
passed al a properly convened meeting of the Trustees.
Decision maklng
The Trustee5 meet annually to review applications for funding, Investment performance, income levels and the
financial statements.
Trustee training
Thé Trustees correspond and meel wth their professional advisors regularfy and the advisors are spe¢ifi¢ally
instructed to appraise the Trustees of relevant technical and practice issues as they arise.
The Trustees, report was approved by the Board of Trustees.
Miss L J Cousins
Trustee
2 Juty 2024

THE JAMES KNOTT FAMILY FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 JANUARY2024
The Trustees are responsible for preparing the Trustees, Report and the financial slalements in accordance wrth
applicable law and United Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounting
Practice).
The law appli¢able lo charities in England and Wales requires the Trustees to prepare financial stslements lor each
financial year which give a true and fair view ol the stale of affairs ol the Charity and ol the incoming resources and
application of resources of the Charity fDr that year.
In preparing these financial slalemenls, the Trustees are required lo..
select suitable accounting policies arKI tren apply them consistently",
observe the methods and principles in the Charities SORP..
make judgements and estimates that are reasonatle and prudent
slate whether applicable accounting standards have teen followed, subject to any material departures disclosed
and explained in the financial statements, and
prepare the financial statements on the going Concern basis unless it is inapproyiale lo wesume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose wth reasonable accuracy al
any time the financial position of the Charrty and enable them to ensure that the financial slalemenls comply with
the Charrfties Aet 2011, the Charity IAccoLJnts and Reports) Regulations 2008 and the provisions of the constitution.
They are aL40 responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the
prevenb'on and detection of fraud and other irregularities.

THE JAMES KNOTT FAMILY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY2024
Unrestricted Unrestrictgd
funds
funds
2024
2023
Notss
Income
Investment income
other income
16.731
1,519
17,448
416
Totsl Income
18,250
17,864
Expenditure
Raising funds
4.324
4.349
Charitable actNtties
112,287
112,264
Total resources expended
116,611
116,613
Net lexpendlture) before Investment Ilossesl
198,3611
198,7491
Nel Ilossesl on investments
11
13,9771
142,7201
Net movèment in funds
1102,3381 1141,4691
Fund balances at 1 February 2023
751.603
893,072
Fund balances at 31 January 2024
649,265
751,603
The Statement of financial a¢tivrties Includes all gains and losses recognised in the year.
The st*emenl of financial activities includes all gains and losses re¢(>Jnised In the year. All income and expendrture
derive from continuing activities.

THE JAMES KNOTT FAMILY FOUNDATION
BALANCE SHEET
AS AT31 JANUARY 2024
2024
2023
Notes
Flxed assets
Investments
12
632.407
738,535
Current assets
Debtors
Cash at bank and in hand
13
642
22.216
293
18,776
22,858
19,069
Credltors.. amounts lalllng due wlthln
one year
14
16,0(JOI
16,0001
Nel current asse15
16,858
13,C69
Totsl assets less current Ilabllltles
649,265
751,604
Income funds
Unrestricted funds
649,265
751,603
649,265
751,604
The accounts were approved by the Trustees on 2 July 2024
Mlss L J Couslns
Trustee

THE JAMES KNOTT FAMILY FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY2024
2024
2023
Notes
Cash flows from operating activities
Cash absorbed by operations
15
1115,0921
1118,3521
Investing activities
Purchase ol investments
Proceeds on disposal ol investments
Investment income received
1303,4731
368,715
18,382
129.0711
132,847
17,430
Net cash generated from Investlng
activities
81,624
121,2C
Nel cash used in financing activities
Net Idecreaselllncrease In cash and cash
equivalents
133,4681
2.854
Cash and cash equwalents at beginning of year
58,653
55,799
Cash and cash equivalents at end of year
25,185
58,653

THE JAMES KNOTT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY2024
Accountlng pollcies
Charity information
The James Knott Family Foundation is a Charf(able Incorporated Organisalion establL8hed by a Constitution
Document dated 31 August 2020 and registered wlh the Charrty Commission
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charity's constrtution, 'Accounting and
Reporting by Charities". Statement ol Recommended Practice applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable In the UK and Republic ol Iieland IFRS 1021
(Second Edition), and the Financial Reporting Standard applicable in the Unrted Kingdom and Republic of
Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice as It applies from 1
January 2019.
1.2 Golng concern
The trustees consKler there are no material uncertainties about the charity's abilty to continue as a going
concern. The review ol our financial position, reserves levels and future plans gives Trustees confidence the
charity remains a going concern lor the foreseeable future.
1.3 Charitable funds
Unrestricted income funds comprise those fvnds ￿lch the trustees are free to use for any purpose in
rtheiance of the charitable objectives, unle55 the funds have been designated foi olhei puposes.
1.4 In¢omSng re￿Ure¢S
Inve51menl Income and donations re￿IVed are recognised when the charity Is legally enlilled lo it after any
performance conditions have been met, the arnounts can be rneasured reasonably, and il Is probable that the
Income will be received.
1.5 Resources expended
Grants are Included in the finan¢ial statements when approved by the Trustees and notified to re¢ipients. The
value of committed grants unpaid al the year end is accrued. Grants offered that are subject lo conditions that
have not been mel at the year end are noted as a commitment but not accrued as expenditure.
Management and administration costs comprise those costs incurred in running the charity. They have been
apportioned on the basis of b.me spent between charrtable activrties, (x)sl of raising funds and goveinance
Governance costs consist of those costs associated wrth the overall running of the charity and meeting
statutory and regulatory requirements.
1.6 Fixad asset Inv&stm8nts
Fixed assets Investments represent listed investments which are stated al market valuation, ￿there market
value represents the mid market value on the last trading day before the year end. Any unrealised or realised
gains arising fiom investments are accounted for in the Statement of Financial Aclivilie5.
1.7 Cash and cash equivalents
Cash al bank and cash in hand includes cash and short term highly liquid investments wrth a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
1.8 Flnanclal Instruments
Basic financial assets, which include trade and other re￿1Vable5 and (ash and bank balances, are initially
measured al transaction price including transaction costs and are subsequently carneol at amortised cost
using the effective interest method unless the arrangement conslrtules a financing transaction, where the
transaction is measured at the present value of the futLJre receipts discounted at a market rate of interest.

THE JAMES KNOTT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Accounting policies
(Continued)
Other financial assets, including investments in equf(y instruments which are not subsidiaries, associates or
joint ventures, are initially measured al fair value, which is normally the transaction price Such assets are
subsequently carried al lair value and the changes in fair value are rec(￿nISed in nel incomellexpendfcurel,
except that investments in equrty instruments that are not publicly traded and whc6e fair values cannot be
measured reliably are measured at cost les5 impairment,
The charity does not invest in options. derivatives or other complex financial instruments.
1.9 Debtors
Debtors are receivable al their expected settlement amount.
1.10 Creditor¥
Creditors are recognised where the charty has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the obligation can L
measured or eslimaled reliatjy. Creditors are normally recognised at their settlement amount after allowng lor
any discounts due.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required lo make iudgemenl5,
estimates and assumptions about the carrying amount of assets and liabilrties that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors Ihat are ¢onspJerea to be relevant. A¢tual resufts may drffer from these e4imale$.
The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or In the period of the revision and future peiicxJ5 where the ievision affects both curient and future
periods.
Investment income
Unrestricted Unrestricted
funds
funds
2024
2023
UK dividend incgme
Foreign interest income
Unit trust and fixed Interest Incorne
REIT dividend income
Foreign dividend income
Accrued interest
8,945
687
4,411
3*
2,495
12031
13,079
341
1,831
547
1,650
16,731
17,448

THE JAMES KNOTT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Other Income
Unrèstricted Unrestricted
funds
funds
2024
2023
Bank interest received
1,519
416
Raising funds
Unrestricted Unre5tiicted
funds
funds
2024
2023
Investment management fees
4,324
4,349
Charitable activities
2024
2023
Grant funding of actNilies (see note 81
100.000
100,000
Share ol support costs (see note 71
Share of govemance costs (see note 71
12,287
12,351
1871
112.287
112,264
Support costs
Support Governance
costs
costs
2024
2023
Bank charges
Management and administration fees
Trustee expenses
Independent examinationt fees
40
12,000
247
40
12,000
247
20
12,000
331
1871
12,287
12,287
12,264
Analysed between
Charitable activities
12,287
12,287
12,264
10-

THE JAMES KNOTT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
Grants payable
Unrestricted Unrestricted
funds
funds
2024
2023
Grants lo institutions..
Education
Overseas hosprtals and medicine
Children
Hospices
Foc4J banks and communty
44,7SO
21,000
28,250
2,000
4.000
49,875
21,500
16,125
3,000
9,500
100,000
100,000
Trustees
Miss L J Cousins la Trusleel is also a director of Rathbones Trust Company Limited which charged
management and administration fees to the charity as detailed in note 6. amounting to £12,000 12023..
£12,000). Rathlxines Investment Management Limrted, a company under the same ownership as Rathbones
Trust Company Limited charged the charity £4,32412023'. £4,349) for investment management services.
The following Trustees received reimbursement for travel expenses incurred as Trustees as follows..
Dr Stephen Barclay £56 90
Dr Andrew Barclay £53.84
Professor John Barclay £136.15
The Trustees report that Mrs JRS Johnston acts a Trustee of the Nzirambi Orphans Talent Development
Centre INOTDEC UK), lo whi¢h the James Knott Family Foundalion made a donation payment of £28,250 in
the currerrt period12023. £16.1251
The Trustees report that Dr A Barclay acts as a Trustee of The Society of Friends of Mvumi Hospital to which
the James Knott Family Foundation made a donation of £13,000 In the ¢LJrrenl period12023'. £13,500).
10 Employees
There were no employees during the period.
11 Net Ilossesl on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Ga1n I Ilossl on revaluation of Investments
(Loss) on sale of investments
118,2651
124,4551
112,2431
13,9771
142,7201
11

THE JAMES KNOTT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
12 Flxed asset investments
Listed
investments
Cash in
portfolio
Total
Valuation
Al 1 February 2023
Additions
Unreali%ed gain
Realised Ilossl
Disposals
698.657
303,473
8,266
112,2431
1368,7151
39,877
738,534
303,473
8,266
112,2431
1405,6231
136,9081
Al 31 January 2024
629.438
2,969
632,407
Investments representlng more than 5% of the wrttollo's total market value lexcludlng cashl:
Investment
Units
Market Value
% of Total Market
Value
7.21%
6.71%
Capita Financial Mgrs Trojan Global
JP Morgan US Equity
35,000
27,440
45,405
42,258
12-

THE JAMES KNOTT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
12 Fixed asset investments
(Continued)
13 Debtors
2024
2023
Amounts falling due within one year:
Prepayments and accrued income
293
14 Creditors= amount5 falling due within one year
2024
2023
Accruals and deferred income
6,000
6,000
15 Cash generated from operations
2024
2023
Deficit for the year
1102.3381
1141,4691
Adjuslmenls for..
Investment income recognised in statement of financial actwities
Loss on disposal of investments
Unreali%ed gain on investments
116,7311
12,243
18,2661
117,4481
24,455
18,265
Movements in working ¢apital'.
IDecreasel in credrtors
12,1551
Cash absorbed by operations
1115,0921
1118,3521
16 Analysis of changes in net funds
The Charty had no material debt during the year.
17 Taxation
The charity is exempl from taxation on its actwities because all ils income is applied for charrtable purposes.
18 Unrestricted funds
The unreslricled knnds of the charity comprise the unexpended balances ol donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been sel aside Dut of unreslricled funds by the trustees for specific purposes.
At 1 February
2023
Incoming
resources
Resources
expended
Gains and At 31 January
losses
2024
General funds
751,603
18,250
1116,6111
13,9771
649,265

THE JAMES KNOTT FAMILY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2024
18 Unrestricted funds
(Continued)
Previous year:
At 1 February
2022
Incoming Resources
resources
expended
Gains and At 31 January
losses
2023
General funds
893,072
17,864
1116.6131
142.7201
751,603
19 Relatsd party transacllons
There were no disclosable related party transactions dunng the year12023 - none) other than those detailed
In note 9.
20 Cash and cash equlvalents
2024
2023
Cash al bank and in hand
Cash held in investrnent portfolio
22,216
2.969
18,776
39,877
25,185
58,653
21 Donations made durlng the year
2024
2023
Arthur Rank Hospice
Candle for India IDeepli Cenlrel
Centre lor Theology & Community
Emmanuel College, Cambridge
Kings College Memorial Servi
Nzirambi Orphans Talent Development Centre UK INOTDEC UK)
Refugee Education UK
Soaety of Friends of Mvumi Hosprtal
SPEAR
The Krte Trust
Trussell Trust
University of Cambridge - Prvzes
2,000
8,000
3,000
8,000
2,500
15,000
15.000
2,500
28,250
16,125
7,000
13,500
15,000
8,500
7,000
4,375
13,000
15.000
8,500
4,000
3,750
100,000
100,000
14-