OpenCharities

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2025-01-31-accounts

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Charity�Registration�No.�1192202

THE�JAMES�KNOTT�FAMILY�FOUNDATION

ANNUAL�REPORT�AND�UNAUDITED�FINANCIAL�STATEMENTS

FOR�THE�YEAR�ENDED�31�JANUARY�2025

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

CONTENTS

Page
Trustees'report 1- 3
StatementofTrustees'responsibilities 4
Independentexaminer'sreport 5
Statementoffinancialactivities 6
Balancesheet 7
Statementofcashflows 8
Notestothefinancialstatements 9- 15

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THE�JAMES�KNOTT�FAMILY�FOUNDATION

LEGAL�AND�ADMINISTRATIVE�INFORMATION

Trustees ProfessorSBarclay
MrsJRSJohnston
ProfessorJBarclay
MissLJCousins
Administrator RathbonesTrustCompanyLimited
Charitynumber 1192202
Registeredoffice 30GreshamStreet
andaddressforappeals London
EC2V7QN
Independentexaminer KerryRobertsTEPFMAATMCSI
C/oPortofLiverpoolBuilding
PierHead
Liverpool
L31NW
BankersandInvestmentManagers RathbonesInvestmentManagementLimited
30GreshamStreet
London
EC2V7QN

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THE�JAMES�KNOTT�FAMILY�FOUNDATION

TRUSTEES'�REPORT��

FOR�THE�YEAR�ENDED�31�JANUARY�2025

The�Trustees�present�their�annual�report�and�financial�statements�for�the�year�ended�31�January�2025.

The�financial�statements�have�been�prepared�in�accordance�with�the�accounting�policies�set�out�in�note�1�to�the� financial�statements�and�comply�with�the�Charity's�constitution,�the�Charities�Act�2011�and�"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�Republic�of�Ireland�(FRS� 102)" (effective�1�January�2019).

Objectives�and�activities

The�trustees�hold�unrestricted�funds�from�which�they�make�donations�to�such�charitable�bodies�and�institutions�at� such�times�and�in�such�manner�as�the�trustees�may,�in�their�absolute�discretion,�think�fit. Other�than�the�operation�of�the�investment�portfolio�no�other�fund-raising�activity�is�undertaken�to�support�the�work� of�the�charity.��The�charity's�assets�are�essentially�investment�based�and�the�trustees�consider�the funds�held�as� defined�as�capital�and�income.��The�funds�are�held�with�a�view�to�distributing�the�income�generated�from�the� investment�portfolio�and,�as�far�as�may�be�necessary,�the�capital�for�or�towards�the�grants�the�trustees�have�decided� to�make.

Public�benefit

The�trustees�have�complied�with�the�duty�in�section�17�of�the�Charities�Act�2011�to�have�due�regard�to�the�public� benefit�guidance�published�by�the�Charity�Commission. The�trustees�support�a�number�of�charitable�organisations,� as�shown�within�note�21�to�the�financial�statements.�The�trustees�believe�all�the�donations�made�are for�the�public� benefit.

Charitable�activities

The�Trustees�have�long-established�links�with�various�areas�of�Africa�and�have�supported�hospitals and�educational� projects�there�for�a�number�of�years,�through�UK�based�charities.�During�the�year�ended�31�January�2025�,�the� Trustees�continued�to�provide�funding�to�those�previously�funded�charities. The�Trustees�take�an�active�interest�in� projects�supported�and�have�kept�in�regular�contact�with�the�charities�in�order�that�they�may�monitor�the�use�of�the� donations�provided�and�report�on�progress�being�made.�The�donations�made�can�be�summarised�as�follows:

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THE�JAMES�KNOTT�FAMILY�FOUNDATION

TRUSTEES'�REPORT��(CONTINUED)

FOR�THE�YEAR�ENDED�31�JANUARY�2025

Grant�Making�Policies�

The�trustees�meet�annually�to�review�applications�and�review�the�reports�provided�from�the�charities�who�have� previously�benefited�from�the�Foundation. Applications�are�considered�by�the�trustee�board�and�donations�are� awarded�at�the�discretion�of�the�trustees.

Achievements�and�performance

During�the�year,�the�trust�generated�sufficient�income�from�the�investments�held�to�enable�the�trustees�to�fulfil�their� aim�of�making�a�certain�level�of�donations.�The�trustees�made�charitable�donations�during�the�year�of�£143,0000� (£100,000�in�2024).

Investment�Performance

The�investment�objective�for�the�Trust�is�for�a�balance�between�capital�growth�and�income,�in�line with�Risk�Strategy� Level�3,�as�defined�by�Rathbones�Investment�Management�Terms�of�Business.��

At�31�January�2025�the�Trust�was�valued�at�£516,258�and�was�forecast�to�produce�an�estimated�gross annual� income�of�£12,772�or�2.47%.��

During�the�12�months�to�31�January�2025,�the�portfolio�increased�11.1%�in�total�return�terms�as�compared�to�the� MSCI�PIMFA�Income�which�increased�12.5%.

The�portfolio�is�well�diversified�with�a�core�of�blue-chip�companies�with�strong�balance�sheets�that�derive�a�large� proportion�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�five�collective�holdings�that�were�valued�at�over�5%�of�the�portfolio’s capital:�Evenlode� Income,�iSHARES�Core�FTSE�100,�M&G�North�American�Dividend,�Guinness�Global�Equity�Income�and�JP�Morgan� Global�Growth�and�Income.�The�collective�holdings�are�well�diversified�across�different�geographies�and�sectors� and�have�a�bias�towards�generating�income�together�with�the�opportunity�for�capital�growth,�in�line�with�the�Risk� Strategy�Level�3�of�the�Fund.�

As�at�31�January�2025�accumulated�income�held�was�£39,380.

Policy�on�Reserves

The�trustees�do�not�maintain�a�set�amount�of�income�as�free�reserves.�The�trustees�ensure�that�income�levels�are� regularly�reviewed�to�ensure�they�hold�sufficient�funds�to�meet�with�their�future�objectives. On�31�January�2025,�the�balance�held�on�unrestricted�reserves�was�£549,260.

Investment�policy

As�there�are�no�specific�restrictions�of�investment�powers�under�the�governing�deed,�the�trustees�have�full�discretion� over�the�investments�held.�The�trustees�have�delegated�their�investment�powers�to�Rathbones�Investment� Management�Limited�to�have�full�discretionary�day�to�day�control�of�the�investments.�The�trustees�have�in�place�a� policy�statement�that�has�been�agreed�with�Rathbones�Investment�Management�Ltd.�Assets�have�been�acquired� and�disposed�of�in�accordance�with�the�powers�available�to�the�trustees.

Financial�review

Total�incoming�resources�were�£18,005�(£18,250�in�2024),�with�£156,962�(£112,287�in�2024)�being�committed�to� charitable�activities and�a�further�charge�of�£4,277�(£4,324�in�2024)�related�to�costs�of�raising�funds.�The�total� movement�of�resources�in�the�year�also�include�the�realised�(loss)�in�the�year�£2,606�(loss £12,243�in�2024)�and�an� unrealised�gain�based�upon�the�market�value�of�the�investments�at�the�year�end�of�£45,835�(gain £8,266�in�2024),� resulting�in�net�outflow�of�resources�of�£100,005�(outflow�of�resources £102,338 in�2024).

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THE�JAMES�KNOTT�FAMILY�FOUNDATION

TRUSTEES'�REPORT��(CONTINUED) FOR�THE�YEAR�ENDED�31�JANUARY�2025

Risks

The�trustees�are�responsible�for�the�management�of�the�risks�faced�by�the�charity.�Risks�are�identified,�assessed� and�controls�established�throughout�the�year. A�formal�review�of�the�charity's�risk�management�process�is� undertaken�on�an�annual�basis�and�the�key�risks�identified�are�as�follows:

*�Investments

These�risks�are�mitigated�by�engaging�an�independent�investment�manager�who�is�regulated�and�in�high�standing�in� the�marketplace.

*�Cash

These�risks�are�mitigated�by�having�income�mandated�direct�to�the�trust's�bank�accounts�and�payments�are�only� made�to�UK�registered�charities.

Through�the�risks�management�processes�established,�the�trustees�are�satisfied�that�the�major�risks�identified�have� been�adequately�managed�where�necessary.�It�is�recognised�that�systems�can�only�provide�reasonable�but�not� absolute�assurance�that�major�risks�have�been�adequately�managed.�The�major�risks�to�which�the�charity�is� exposed�as�identified�by�the�trustees�have�been�reviewed�and�systems�have�been�established�to�manage those� risks.

Plans�for�future�periods

The�trustees�intend�to�(as�discussed�at�their�last�meeting)�wind�down�the�Foundation�over�the�next two�to�three� years. The�annual�donations�are�usually�in�the�region�of�£100,000�based�on�current�valuations,�the�Trustees�could� expect�a�further�six�years�of�life�in�the�trust. By�increasing�the�donations�to�£150,000�for�the�next�two�years�with�a� larger�donation�in�the�final�year,�it�is�expected�that�the�Foundation�will�be�wound�up�in�2027.�

Structure,�governance�and�management

The�James�Knott�Family�Foundation�is�a�Charitable�Incorporated�Organisation�created�by�a�Constitution�Document� dated�31�August�2020.��The�trustees�are�to�hold�the�capital�and�income�of�the�Foundation�to�apply�the�income,�and� as�far�as�may�be�necessary,�the�capital�for�and�towards�such�charitable�objects�and�purposes�and�to�make� donations�to�such�charitable�bodies�or�institutions�in�the�United�Kingdom�or�any�other�part�of�the�world�at�such�times� and�in�such�manner�as�the�trustees�may�in�their�absolute�discretion�think�fit.

The�Trustees�who�served�during�the�period were:

Professor�S�Barclay Mrs�J�R�S�Johnston Professor�J�Barclay Dr�A�Barclay (Retired�24�June�2025) Miss�L�J�Cousins

Appointment�of�new�trustees

Apart�from�the�first�Trustees�(listed�above)�every�Trustee�must�be�appointed�for�a�term�of�three�years�by�resolution� passed�at�a�properly�convened�meeting�of�the�Trustees.

Decision�making

The�Trustees�meet�annually�to�review�applications�for�funding,�investment�performance,�income�levels�and�the� financial statements.�

The�Trustees'�report�was�approved�by�the�Board�of Trustees.

.............................. Miss�L�J�Cousins

Trustee

21�August�2025�|�10:05�AM�BST Date:�.............................................

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THE�JAMES�KNOTT�FAMILY�FOUNDATION

STATEMENT�OF�TRUSTEES'�RESPONSIBILITIES��

FOR�THE�YEAR�ENDED�31�JANUARY�2025

The�Trustees�are�responsible�for�preparing�the�Trustees'�Report�and�the�financial�statements�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�financial�statements�for�each� financial�year�which�give�a�true�and�fair�view�of�the�state�of�affairs�of�the�Charity�and�of�the�incoming�resources�and� application�of�resources�of�the�Charity�for�that�year.

In�preparing�these�financial�statements,�the�Trustees�are�required�to:

The�Trustees�are�responsible�for�keeping�sufficient�accounting�records�that�disclose�with�reasonable�accuracy�at� any�time�the�financial�position�of�the�Charity�and�enable�them�to�ensure�that�the�financial�statements comply�with� the�Charities�Act�2011,�the�Charity�(Accounts�and�Reports)�Regulations�2008�and�the�provisions�of�the�constitution.� They�are�also�responsible�for�safeguarding�the�assets�of�the�Charity�and�hence�for�taking�reasonable steps�for�the� prevention�and�detection�of�fraud�and�other�irregularities.

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THE�JAMES�KNOTT�FAMILY�FOUNDATION

INDEPENDENT�EXAMINER'S�REPORT�

TO�THE�TRUSTEES�OF�THE�JAMES�KNOTT�FAMILY�FOUNDATION

I�report�to�the�Trustees�on�my�examination�of�the�financial�statements�of�The�James�Knott�Family�Foundation�(the� Charity)�(charity�registration�number�1192202)�for�the�year�ended�31�January�2025 which�are�set�out�on�pages�6�to 15.

This�report�is�made�solely�to�the�charity’s�trustees,�as�a�body,�in�accordance�with�section�145�of the�Charities�Act� 2011.��My�examination�has�been�undertaken�so�that�I�might�state�to�the�charity’s�trustees�those�matters�I�am� required�to�state�to�them�in�an�Independent�Examiner's�report�and�for�no�other�purpose.��To�the�fullest�extent� permitted�by�law,�I�do�not�accept�or�assume�responsibility�to�anyone�other�than�the�charity�and�the�charity’s�trustees� as�a�body,�for�my�work,�for�this�report,�or�for�the�opinions�I�have�formed.

Responsibilities�and�basis�of�report

As�the�charity's�trustees�you�are�responsible�for�the�preparation�of�the�financial�statements�in�accordance�with�the� requirements�of�the�Charities�Act�2011�(the�2011�Act).

I�report�in�respect�of�my�examination�of�the�Charity’s�financial�statements�carried�out�under�section�145�of�the�2011� Act. In�carrying�out�my�examination�I�have�followed�all�the�applicable�Directions�given�by�the�Charity�Commission� under�section�145(5)(b)�of�the�2011�Act.

Independent�examiner's�statement

I�am�a�member�of�an�approved�accounting�body�and�give�due�consideration�to�the�provisions�of�the�Revised�Ethical� Standard�2019�issued�by�the�Financial�Reporting�Council�(FRC)�at�all�times.��Rathbones�Trust�Company has� provided�accountancy�services�in�accordance�with�the�terms�of�engagement�agreed�by�the�trustees.��I�do�not�report� to�the�bookkeeper�or�accounts�preparer�in�any�respect.

I�have�completed�my�examination.�I�confirm�that�no�material�matters�have�come�to�my�attention�in�connection�with� the�examination�giving�me�cause�to�believe�that�in�any�material�respect:

I�have�no�concerns�and�have�come�across�no�other�matters�in�connection�with�the�examination�to�which�attention� should�be�drawn�in�this�report�in�order�to�enable�a�proper�understanding�of�the�financial�statements to�be�reached.

.........................................................

Kerry�Roberts�TEP�FMAAT�MCSI

C/o�Port�of�Liverpool�Building Pier�Head Liverpool L3�1NW

04�September�2025�|�11:45�AM�BST Dated:�.........................

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

STATEMENT�OF�FINANCIAL�ACTIVITIES� INCLUDING�INCOME�AND�EXPENDITURE�ACCOUNT

FOR�THE�YEAR�ENDED�31�JANUARY�2025

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income
Investment income 3 16,318 16,731
Otherincome 4 1,687 1,519
Totalincome 18,005 18,250
Expenditure
Raisingfunds 5 4,277 4,324
Charitableactivities 6 156,962 112,287
Totalresourcesexpended 161,239 116,611
Net(expenditure)beforeinvestmentgains/(losses) (143,234) (98,361)
Netgains/(losses)oninvestments 11 43,229 (3,977)
Netmovementinfunds (100,005) (102,338)
Fundbalancesat1February2024 649,265 751,603
Fundbalancesat31January2025 549,260 649,265

The�statement�of�financial�activities�includes�all�gains�and�losses�recognised�in�the�year.�All�income�and�expenditure� derive�from�continuing�activities.

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

BALANCE�SHEET�

AS�AT�31�JANUARY�2025

2025
Notes
£
Fixedassets
Investments
12
Currentassets
Debtors
13
864
Cashatbankandinhand
40,238
41,102
Creditors:amountsfallingduewithin
oneyear
15
(8,100)
Netcurrentassets
Totalassetslesscurrentliabilities
Incomefunds
Unrestrictedfunds
TheaccountswereapprovedbytheTrusteeson.........................
£
516,258
33,002
549,260
549,260
549,260
2024
£
642
22,216
22,858
(6,000)
£
632,408
16,858
649,266
649,265
649,266

Miss�L�J�Cousins Trustee

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

STATEMENT�OF�CASH�FLOWS�

FOR�THE�YEAR�ENDED�31�JANUARY�2025

2025 2024
Notes £ £ £ £
Cashflowsfromoperatingactivities
Cashabsorbedbyoperations 16 (157,452) (115,092)
Investingactivities
Purchaseofinvestments (124,356) (303,473)
Proceedsondisposalofinvestments 301,198 368,715
Investmentincomereceived 16,096 16,382
Netcashgeneratedfrominvesting
activities 192,938 81,624
Netcashusedinfinancingactivities - -
Netincrease/(decrease)incashandcash
equivalents 35,486 (33,468)
Cashandcashequivalentsatbeginningofyear 25,185 58,653
Cashandcashequivalentsatendofyear 60,671 25,185

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

NOTES�TO�THE��FINANCIAL�STATEMENTS�

FOR�THE�YEAR�ENDED�31�JANUARY�2025

1 Accounting�policies

Charity�information

The�James�Knott�Family�Foundation�is�a�Charitable�Incorporated�Organisation�established�by�a�Constitution� Document�dated�31�August�2020�and�registered�with�the�Charity�Commission.

1.1 Accounting�convention

The�financial�statements�have�been�prepared�in�accordance�with�the�charity's�constitution,��‘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�Republic�of�Ireland�(FRS�102)� (Second�Edition)’�and�the�Financial�Reporting�Standard�applicable�in�the�United�Kingdom�and�Republic of� Ireland�(FRS�102)�and�the�Charities�Act�2011�and�UK�Generally�Accepted�Practice�as�it�applies�from�1 January�2019.

1.2 Going�concern

The�trustees�consider�there�are�no�material�uncertainties�about�the�charity's ability�to�continue�as�a�going� concern.�The�review�of�our�financial�position,�reserves�levels�and�future�plans�gives�Trustees�confidence�the� charity remains�a�going�concern�for�the�foreseeable�future.

1.3 Charitable�funds

Unrestricted�income�funds�comprise�those�funds�which�the�trustees�are�free�to�use�for�any�purpose�in� furtherance�of�the�charitable�objectives,�unless�the�funds�have�been�designated�for�other�puposes.�

1.4 Incoming�resources

Investment�income and�donations�received�are recognised�when�the�charity�is�legally�entitled�to�it�after�any� performance�conditions�have�been�met,�the�amounts�can�be�measured�reasonably,�and�it�is�probable�that�the� income�will�be�received.�

1.5 Resources�expended

Grants�are�included�in�the�financial�statements�when�approved�by�the�Trustees�and�notified�to�recipients.�The� value�of�committed�grants�unpaid�at�the�year�end�is�accrued.�Grants�offered�that�are�subject�to�conditions�that� have�not�been�met�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�time�spent�between�charitable�activities,�cost�of�raising�funds�and�governance� costs.

Governance�costs�consist�of�those�costs�associated�with�the�overall�running�of�the charity and�meeting� statutory�and�regulatory�requirements.

1.6 Fixed�asset�investments

Fixed�assets�investments�represent�listed�investments�which�are�stated�at�market�valuation,�where�market� value�represents�the�mid�market�value�on�the�last�trading�day�before�the�year�end.�Any�unrealised�or realised� gains�arising�from�investments�are�accounted�for�in�the�Statement�of�Financial�Activities.

1.7 Cash�and�cash�equivalents

Cash�at�bank�and�cash�in�hand�includes�cash�and�short�term�highly�liquid�investments�with�a�short�maturity�of� three�months�or�less�from�the�date�of�acquisition�or�opening�of�the�deposit�or�similar�account.

1.8 Financial�instruments

Basic�financial�assets,�which�include�trade�and�other�receivables�and�cash�and�bank�balances,�are�initially� measured�at�transaction�price�including�transaction�costs�and�are�subsequently�carried�at�amortised�cost� using�the�effective�interest�method�unless�the�arrangement�constitutes�a�financing�transaction,�where�the� transaction�is�measured�at�the�present�value�of�the�future�receipts�discounted�at�a�market�rate�of�interest.

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�31�JANUARY�2025

1 Accounting�policies

(Continued)

Other�financial�assets,�including�investments�in�equity�instruments�which�are�not�subsidiaries,�associates�or� joint�ventures,�are�initially�measured�at�fair�value,�which�is�normally�the�transaction�price.�Such�assets�are� subsequently�carried�at�fair�value�and�the�changes�in�fair�value�are�recognised�in�net�income/(expenditure),� except�that�investments�in�equity�instruments�that�are�not�publicly�traded�and�whose�fair�values�cannot�be� measured�reliably�are�measured�at�cost�less�impairment.

The�charity�does�not�invest�in�options,�derivatives�or�other�complex�financial�instruments.

1.9 Debtors

Debtors�are�receivable�at�their expected�settlement�amount.

1.10 Creditors

Creditors�are�recognised�where�the�charity�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�be� measured�or�estimated�reliably.�Creditors�are�normally�recognised�at�their�settlement�amount�after�allowing�for� any�discounts�due.

2 Critical�accounting�estimates�and�judgements

In�the�application�of�the�charity's�accounting�policies,�the�Trustees�are�required�to�make�judgements,� estimates�and�assumptions�about�the�carrying�amount�of�assets�and�liabilities�that�are�not�readily�apparent� from�other�sources.�The�estimates�and�associated�assumptions�are�based�on�historical�experience�and�other� factors�that�are�considered�to�be�relevant.�Actual�results�may�differ�from�these�estimates.

The�estimates�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�periods�where�the�revision�affects�both�current�and�future� periods.

3 Investment income

Unrestricted Unrestricted
funds funds
2025 2024
£ £
UKdividendincome 7,630 8,945
Foreigninterestincome 892 687
Unittrustandfixedinterestincome 5,827 4,411
REITdividendincome 322 396
Foreigndividendincome 1,886 2,495
Accruedinterest (239) (203)
16,318 16,731

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�31�JANUARY�2025

4 Other�income

Bankinterestreceived
5
Raisingfunds
Investmentmanagementfees
6
Charitableactivities
Grantfundingofactivities(seenote8)
Shareofsupportcosts(seenote7)
Shareofgovernancecosts(seenote7)
7
Supportcosts
Bankcharges
Managementandadministrationfees
Trusteeexpenses
Independentexaminationfees
Analysedbetween
Charitableactivities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
1,687
1,519
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
1,687
1,519
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
1,687
1,519
Support
costs
Governance
costs
£
£
20
-
12,000
-
-
142
-
1,800
12,020
1,942
12,020
1,942
2025
£
4,277
2025
£
143,000
12,020
1,942
156,962
2025
£
20
12,000
142
1,800
13,962
13,962
2024
£
4,324
2024
£
100,000
12,040
247
112,287
2024
£
40
12,000
247
-
12,287
12,287

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�31�JANUARY�2025

8 Grants�payable

Grantspayable
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Grantstoinstitutions:
Education 47,750 44,750
Overseashospitalsandmedicine 36,000 21,000
Children 39,250 28,250
Hospices 8,000 2,000
Foodbanksandcommunity 12,000 4,000
143,000 100,000

9 Trustees

None�of�the�trustees�(or�any�persons�connected�with�them)�received�any�remuneration�or�benefits.

The�following�Trustees�received�reimbursement�for�travel�expenses�incurred�as�Trustees�as�follows:

Dr�Stephen�Barclay�£43.20�(2024:�£56.90) Dr�Andrew�Barclay�£Nil�(2025:�£53.84) Professor�John�Barclay�£99.15�(2024:�136.15)

10 Employees

There�were�no�employees�during�the�period.

11 Net�gains�/�(losses)�on�investments

Netgains/(losses)oninvestments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Gainsonrevaluationofinvestments 45,835 8,266
(Loss)onsaleofinvestments (2,606) (12,243)
43,229 (3,977)

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�31�JANUARY�2025

12 Fixed�asset�investments

Listed Cashin Total
investments portfolio
£ £
Valuation
At1February2024 629,438 2,969 632,407
Additions 143,706 - 143,706
Unrealisedgain 45,835 - 45,835
Realised(loss) (2,606) - (2,606)
Cashheldininvestmentportfolio - 17,464 17,464
Disposals (320,548) - (320,548)
At31January2025 495,825 20,433 516,258
13 Debtors
2025 2024
Amountsfallingduewithinoneyear: £ £
Prepaymentsandaccruedincome 864 642

14 Taxation

The�charity�is�exempt�from�taxation on�its�activities�because all�its�income�is�applied�for�charitable�purposes.�

15 Creditors:�amounts�falling�due�within�one�year

15 Creditors:amountsfallingduewithinoneyear
2025 2024
£ £
Accrualsanddeferredincome 8,100 6,000
16 Cashgeneratedfromoperations 2025 2024
£ £
Deficitfortheyear (100,005) (102,338)
Adjustmentsfor:
Investmentincomerecognisedinstatementoffinancialactivities (16,318) (16,731)
Lossondisposalofinvestments 2,606 12,243
Unrealisedgainoninvestments (45,835) (8,266)
Movementsinworkingcapital:
Increaseincreditors 2,100 -
Cashabsorbedbyoperations (157,452) (115,092)

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED) FOR�THE�YEAR�ENDED�31�JANUARY�2025

17 Analysis�of�changes�in�net�funds

The�Charity�had�no�material�debt�during�the�year.

18 Unrestricted�funds

The�unrestricted�funds�of�the�charity�comprise�the�unexpended�balances�of�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�set�aside�out�of�unrestricted�funds�by�the�trustees�for�specific�purposes.

At1February Incoming Resources Gainsand At31January At31January
2024 resources expended losses 2025
£ £ £ £ £
Generalfunds 649,265 18,005 (161,239) 43,229 549,260
Previousyear: At1February Incoming Resources Gainsand At31January
2023 resources expended losses 2024
£ £ £ £ £
Generalfunds 751,603 18,250 (116,611) (3,977) 649,265

19 Related�party�transactions

Miss�L�J�Cousins�(a�Trustee)�was�a�director�of�Rathbones�Trust�Company�Limited�up�to�31�December�2024.�� Rathbones�Trust�Company�Limited�charged�management�and�administration�fees�to�the�charity�as�detailed�in� note�7.�amounting�to�£12,000�(2024:�£12,000).

Rathbones�Investment�Management�Limited,�a�company�under�the�same�ownership�as�Rathbones�Trust� Company�Limited�charged�the�charity�£4,277�(2024:�£4,324)�for�investment�management�services.�

The�Trustees�report�that�Mrs�JRS�Johnston�acts�a�Trustee�of�the�Nzirambi�Orphans�Talent�Development� Centre�(NOTDEC�UK),�to�which�the�James�Knott�Family�Foundation�made�a�donation�payment�of�£24,250�in the�current�period�(2024:�£28,250)

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�£22,000�in�the�current�period�(2024:�£13,000).�

There�were�no�other�disclosable�related�party�transactions�during�the�year�other�than�those�detailed�in�note�9.

20 Cash�and�cash�equivalents

Cashatbankandinhand
Cashheldininvestmentportfolio
2025
£
40,238
20,433
60,671
2024
£
22,216
2,969
25,185

Docusign�Envelope�ID:�BB4C4BA1-7F1D-48A7-8436-B5F827839C12

THE�JAMES�KNOTT�FAMILY�FOUNDATION

NOTES�TO�THE��FINANCIAL�STATEMENTS�(CONTINUED)

FOR�THE�YEAR�ENDED�31�JANUARY�2025

21 Donations�made�during�the�year

Donationsmadeduringtheyear
ArthurRankHospice
CandleforIndia(DeeptiCentre)
CoventryFoodBank
EmmanuelCollege,Cambridge
UniversityofCambridgeMemorialService
NzirambiOrphansTalentDevelopmentCentreUK(NOTDECUK)
SocietyofFriendsofMvumiHospital
SPEAR
TheKiteTrust
TrussellTrust
UniversityofCambridge- Prizes
2025
£
8,000
14,000
12,000
22,000
-
24,250
22,000
22,000
15,000
-
3,750
143,000
2024
£
2,000
8,000
-
15,000
2,500
28,250
13,000
15,000
8,500
4,000
3,750
100,000