The Owen Jenkins Trust Charity registration no. 1193318
Trustees' report and unaudited accounts
For the year ended 31 March 2025
The Owen Jenkins Trust
Legal and administrative information
| Trustees | Helen Grace Jenkins |
|---|---|
| Prebendary Richard David Jenkins | |
| Charlotte Jenkins | |
| Richard Jenkins | |
| Charity number | 1193318 |
| Principal address | Lauriston |
| 5 Ashton Road | |
| Shrewsbury | |
| SY3 7AN | |
| Accountants | S&W Partners LLP |
| Accountants | |
| Old Library Chambers | |
| 21 Chipper Lane | |
| Salisbury | |
| Wiltshire | |
| SP1 1BG | |
| Independent examiner | Simon Ellingham FCA |
| Fawcetts LLP | |
| Windover House | |
| St Ann Street | |
| Salisbury | |
| Wiltshire | |
| SP1 2DR | |
| Investment managers | Evelyn Partners Investment Management LLP |
| 45 Gresham Street | |
| London | |
| EC2V 7BG |
The Owen Jenkins Trust
Contents
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of fnancial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 - 10 |
The Owen Jenkins Trust
Trustees' report for the year ended 31 March 2025
The trustees present their report and accounts for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out on in note 1 to the accounts and comply with 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).
Activities, specific objects and relevant policies
Objects and activities
The charitable objects are to pay or apply the capital and income held by the trust to or towards or for the benefit or furtherance of such charitable purposes or charitable organisations (whether corporate or unincorporated) at such time, in such manner and in such proportions as the Trustees may from time to time determine.
The trustees must use the income and may use the capital of the Charity in promoting the objects.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and, when reviewing the charity's aims and objects, managing the trust's assets and considering any applications for financial assistance.
Investment policy
The trustees regularly review the performance of all the charity's assets and the investment criteria are regularly discussed by the trustees, with assistance from the investment advisors.
Achievements and performance
Grants
During the year ended 31 March 2025, the trustees made grants totalling £14,100 (2024: £4,551) which are detailed in note 3 to the accounts.
Related parties
There were no related party transactions during the current or prior year.
Financial review
Results for the year
The financial activities are summarised on page 5 of the accounts. During the year, the charity received net income, before net gains on investments, of £99,166 (2024: £279,980).
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The Owen Jenkins Trust
Trustees' report for the year ended 31 March 2025
Reserves policy
The trustees have reviewed the reserves of the trust and the forecast level of free reserves (those that are not restricted or designated) that will provide the trust with financial flexibility and provide a cushion against shortfalls in income, either planned or unanticipated. The level of free reserves at 31 March 2025 was £1,007,207 (2024: £910,483). The trustees consider this level of free reserves satisfactory to meet annual donations to charities.
Governance, structure and management
Governance
The charity was established by a trust deed dated 25 November 2019 and registered with the Charity Commission on 29 January 2021, Charity Registration Number 1193318.
The trustees who served during the year were: Helen Grace Jenkins Prebendary Richard David Jenkins Charlotte Jenkins Richard Jenkins
There must be at least two trustees and future trustees must be appointed by a resolution of the trustees.
All decisions affecting the management of the trust and its assets are taken by the trustees jointly.
Structure and management reporting
The trustees are ultimately responsible for the policies, activities and assets of the charity. They are in regular and frequent contact to review the developments with regard to the charity, its activities and to make any important decisions. The trustees review the proposals for grants to be made and approve such grants as appropriate. When necessary, the trustees seek advice and support from the charity's professional advisors including investment managers and accountants.
Risk factors
The trustees have examined the major risks to which the trust is exposed and confirm that systems have been established to enable steps to be taken to lessen these risks.
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The Owen Jenkins Trust
Trustees' report for the year ended 31 March 2025
Trustees' responsibilities
The trustees are responsible for preparing the trustees' report and the accounts in accordance with applicable laws and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations). Under that law the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that year.
In preparing these accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
On behalf of the board of trustees
Richard Jenkins
Richard Jenkins (Jan 30, 2026 15:07:56 GMT)....................................................
Richard Jenkins
Trustee
Date: 30/01/2026
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The Owen Jenkins Trust
Independent examiner's report to the trustees of The Owen Jenkins Trust
I report to the trustees on my examination of the accounts of The Owen Jenkins Trust for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet and the notes to the accounts, including a summary of significant accounting policies.
Respective responsibilities of trustees and examiner and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
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:
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accounting records were not kept in respect of the trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Simon J L Ellingham (Jan 30, 2026 15:16:59 GMT) ..................................... ~~Simon J L Ellingham~~
..................................... Simon Ellingham FCA Fawcetts LLP Chartered Accountants Windover House St Ann Street Salisbury Wiltshire SP1 2DR
Date: 30/01/2026
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The Owen Jenkins Trust
Statement of financial activities for the year ended 31 March 2025
| Notes Income: Investment income Total income Expenditure: Raising funds Grants payable 3 Charitable activities - support costs 4 Total expenditure 2 Net income before gains and losses on investments (Losses)/gains on investments Net movement in funds Total reconciliation of funds: Total funds brought forward Total funds carried forward |
2025 2024 £ £ 122,263 292,302 122,263 292,302 5,041 4,000 14,100 4,551 3,956 3,771 23,097 12,322 99,166 279,980 (2,442) 21,144 96,724 301,124 910,483 609,359 1,007,207 910,483 |
|---|---|
All income and expenditure derives from continuing activities.
The notes on pages 7 to 10 form part of the accounts.
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The Owen Jenkins Trust
Balance sheet as at 31 March 2025
| Notes Fixed assets Investments 7 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Net assets Income funds Unrestricted funds |
£ 113,686 113,686 (5,476) |
2025 £ 898,997 108,210 1,007,207 1,007,207 1,007,207 |
£ 335,515 335,515 (4,701) |
2024 £ 579,669 330,814 |
|---|---|---|---|---|
| 910,483 | ||||
| 910,483 | ||||
| 910,483 |
The accounts were approved by the board, authorised for issue and signed on their behalf by: Richard Jenkins
Richard Jenkins (Jan 30, 2026 15:07:56 GMT)
.....................................................................
Richard Jenkins
Trustee
Date: 30/01/2026
The notes on pages 7 to 10 form part of the accounts.
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The Owen Jenkins Trust
Notes to the accounts for the year ended 31 March 2025
1 Accounting policies
1.1 General information
The Owen Jenkins Trust was established by a trust deed dated 25 November 2019. It is registered with the Charity Commission in England & Wales (No. 1193318). The address of the principal office is Lauriston, 5 Ashton Road, Shrewsbury, SY3 7AN.
1.2 Basis of preparation
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS 102") and with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019). The accounts are also prepared in accordance with the Charities Act 2011.
The charity is a public benefit entity as defined by FRS 102.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value.
The accounts are prepared on a going concern basis; there are no material uncertainties about the charity's ability to continue as a going concern.
1.3 Functional currency
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £1.
1.4 Income
All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.5 Expenditure
All expenditure is accounted for on an accruals basis and recognised where there is a legal or constructive obligation committing the trustees to the expenditure. Expenditure is included under expense categories that aggregate all costs. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of resources.
1.6 Investments
Investments are initially recognised at their transaction value and subsequently measured at fair value. Investments are stated at market value at the balance sheet date. Realised gains and losses on investments, calculated on the difference between the sale proceeds and their cost, are credited or charged to the statement of financial activities in the year of the gain or loss.
Unrealised gains and losses representing the movement in the market values during the year are credited or charged to the statement of financial activities in the year of the gain or loss.
1.7 Fund accounting
All funds held are unrestricted and are therefore available for use at the discretion of the trustees in furtherance of the general objects of the trust and which have not been designated for other purposes.
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The Owen Jenkins Trust
Notes to the accounts for the year ended 31 March 2025
1 Accounting policies
(Continued)
1.8 Grants paid
Grants are recognised in the year in which the award is formally approved, irrespective of the period covered by the grant.
1.9 Liabilities
Liabilities are recognised on the balance sheet as soon as a constructive obligation resulting from a past event can be reliably measured. Current liabilities represent those liabilities which are expected to be settled within the next 12 months from the balance sheet date.
2 Expenditure
| Raising funds: Investment management fees Charitable activities - grants Grants payable (see note 3) Charitable activities - support costs Support costs (see note 4) |
2025 2024 £ £ 5,041 4,000 14,100 4,551 3,956 3,771 23,097 12,322 |
|---|---|
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The Owen Jenkins Trust
Notes to the accounts for the year ended 31 March 2025
3 Grants to institutions
| Clwyd Special Riding Centre HMM Arts Limited Severn Hospice Limited Shrewsbury Food Hub Shropshire Wildlife Trust St Alkmund's Church Trust St Giles Hospice The Brain Tumour Charity The Buddy Bag Foundation The Friends of Saint Chad's Shrewsbury The Shewsy (Shrewsbury House) The Shrewsbury Music Festival Commitments at 1 April 2024 Commitments charged to the Statement of fnancial activities Grants paid during the year Commitments at 31 March 2025 Support costs Accountancy fees Bank charges Independent examiner's fees |
2025 £ 1,000 5,000 - 2,010 3,088 1,000 1,000 502 - 500 - - 14,100 2025 £ - 14,100 (14,100) - 2025 £ 2,835 63 1,058 3,956 |
2024 £ - - 500 - - - - - 51 - 2,000 2,000 4,551 2024 £ - 4,551 (4,551) - 2024 £ 2,700 63 1,008 3,771 |
|---|---|---|
4 Support costs
All support costs are considered to be costs of governance.
5 Trustees
None of the trustees (or any persons connected with them) received any remuneration or were reimbursed for any expenses during the year (2024: none).
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The Owen Jenkins Trust
Notes to the accounts for the year ended 31 March 2025
6 Employees
There were no employees during the year (2024: none).
7 Investments
| Cost at 1 April 2024 Additions Disposals Cost at 31 March 2025 Unrealised appreciation Market value at 31 March 2025 |
2025 £ 556,848 386,570 (58,744) 884,674 14,323 898,997 |
2024 £ 537,925 155,350 (136,427) |
|---|---|---|
| 556,848 22,821 |
||
| 579,669 |
At the year end the charity also held 26,728 shares in Rubery Owen Trading Limited, 26,728 shares in SHL 123 Limited and 26,728 shares in New Hall Estates Holdings Limited. As these unlisted shares are not available for sale on the open market, and therefore their value cannot be reliably estimated, they are included at nil value.
8 Creditors: amounts falling due within one year
| Accountancy fees Independent examiner's fees Investment management fees |
2025 £ 2,835 1,058 1,583 5,476 |
2024 £ 2,700 1,008 993 |
|---|---|---|
| 4,701 |
9 Related parties
There were no related party transactions during the current or prior year.
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