REGISTERED COMPANY NUMBER: 13496093 ITllglalld and Wales) REGISTERED CHARITY NUIWBER: 1197265 Report &f the Truste¢s and UNaudited FiRancial stat¢Th¢ts for tbe Ye¥r Ended 31 Mar¢b 2024 ror Th¢ Jeneks Found8tlon Litchfields S Luk¢ Strcei London EC2A 4PX
The Jenekq Foundatlo Colltellts of the Fln*nclal Staternents for the Year Ended 31 March 21)24 PAge Report ofthe Trustee5 'Independent EIarn]neS Report Statement 0[ne1#1 Aetivities Balance Sheet 10 to 11 Cash Flow Statement 12 Notes to th¢ Cwh Flow Sta¢¢m¢nt 13 Not¢9 to the FlnaneiAI Statements 14 to 19 DetAi]ed StAtement of Flng4ncial Activities 20
The Jeneks Foundatlon Report of the Trustee5 for the Year Ended 31 Mar¢b 2024 Tru5tees' Annual Report Th¢ Thi$te¢s of the jckS Foundatio who are atso Directors of the charity for the pwposes of the Comp8mies A¢t 2006, hav¢ the pl¢asure of presenting their report and the unaudited fm&ncsal statements of tht Clwity for th¢ period l April 2023 to 31 MaT¢h 2024. OBJECTIVES AND AcfiviTIES Charitable Objectives and Mission Sratemeot As a registered charity. the objectives of the Jencks Foundation a. l. To advaJLte the education of the public by promoting their understandin8 and knowledge of architccture incknding in particulsr (but without limitation) the expanded field of architlUre and the wod( of Charlu Jen¢ks in that field (sn¢luding by opening and maintaining a muxum in the Grad¢ I listed house known as The Cosmi¢ House in Lansdown¢ WaiL Holland Park, London that his hom¢) and to promot¢ research for the public benefii in all aspects of those subjxts (and to publis th¢ use1 rrsults). 2. To preserye for the public benefit The Cosmic House. Lansdowne Wajk. Holl8md Patk LLmdon as a builditig of ar¢hit¢¢tural in¢etEst ond such other buildings of ar¢hitecttwal int¢r¢st as the Tntsteeg may from titne to time identify. 3. To advance such Ot1 objects or purpose5 which are eXcI1Ve1Y clwitable according to the law of England and Wal¢s i any part of the world and in such manner th¢ Ttustees n)ay in their absolut¢ dis¢retion thit& fic. The J¢nck5 Foundation is a cultural lab(xatory that PTomotes ¢rtti¢al ¢xp¢rim¢ntstion in the expanded fi¢ld of architectur¢ through the lens of Post-modernism. The Jen¢ks Foundation'5 prograJn builds utM)n the multivalent legacy of the late writer, critic, designer ond tea¢h¢r Charles Jencks as well as the ideas Èmbucd in The Cosmic Hou54 his Post-Moderni5t manifesto and forn)er home turned Grade I listed museum in Hollod ParL iA)ndon. which opened to the public in September 2021. Page I
The J¢Deks Foundation Report of the Trustees for tht Ye2r Ended 31 March J124 STRATEGIC REPORT Achievemellt attd perform#ttce Activlties April 202> M&rch 2024 The Jenck5 Foundation at The C05rnic House continued its WOTk to build its reputation a vibrant md vital ¢ulttval Jstibjtiw creating exthl)ition5, new research and critical conversations on Post-modern architecture and it's expanded field. We added several new layers of intrJyr¢tstion of The Cosmic House to CODtinu¢ to U¢al¢ th¢ publi¢ on the polyphotty ittherent in Post-modernisjns and contemporary Post-modern culture. Our projects were hosted in a nL2mb¢r of extemal venyes, both tlwough stTategi¢ collaborations and r¢w¢$ts, higblaghting th¢ quality of wotk produ¢¢d. 'The Jencks Foundation rewopened The Cosmic House to the public in April 2023 with various projects that develop its 2023-24 resear¢h theme "1980 in Parallax" This included a new exhibition by Raqs Media Collective, alkd a new 5itethspec&fic exhibition by Madelon VrieSendo (one of Charles Jencks, long terni collabordtors} which opened in September 2023. ltt addition to &xhibitions, we initiated a new editorial series on the theme of '1980 ill para]l&K' by globally recognised academics Chronows of Architecture,, a ¢ollaboration with ¢-flux Architecture resulting in six new diaws inspir¢d by Charles, Evolutionary Tre%5 of Architecture. the publication of Lev Brdtishenko's booklet ryl games you can play with & Cosmi¢ Hous¢', and an artist book with Raqs Media Colle¢tive titled'The Bicyclist Who Fell into aTime Con¢,. The J¢n¢k3 Foundation con¢tnued to promote dern1¢ and artisti¢ r¢8ear¢h (thTougb residen¢i¢s. saiot)s &lld work on exhibiiions) using The Cosmi¢ House b¢Xh as a v¢nu¢ and os ll)SPirtion and Continued its work to make ceSsIble alld caialogue the Charles Jencks Archive. The Trugtees confirni that they have referred to the guidanee contained in the Charity Commission's ge[al gllidance on public benefit when reviewing the Jen¢ks Foundation's aims and objectives and in plarffling aaivities. Volullte¢ts belp pmyide gUidaTh for public vlsitots. The Tmstees would like to thank the voliinteers for their Gontributio in Opell The C05mic House tothe publsc. Aehlevements and Perfornianee Pub]ic Visitors The rtwnber of visitors to The Cosmic House is m8n2ged to ensure that the conditton of The Cosmi¢ Htse and the archive are preserved and to comply with planning permission requinients. The Cosmic House is opell to the public April De¢¢mber, WedneaY to Friday for two tours of up to 15 people. In addition, groups and invited guests ¢on visit the house Monday and Tuesday afternoons and $¢holars are p¢nnitted to have access io the archive. Guided tours are held monthIy. Visits to the house and archive aje very popular. all tickets releasrd to the public sold out within hour5 of release. and we hold a waiting list for 8roup visits. In totsl The C05mic Holl5e welcomed over 38(N) visitors through the door. While accus to the house is limited due tt) regulations set out in our OMP. w¢ have reached audiences through vayious other external collaborations, media ¢overage and ow social media and llewslettEr. ]n th¢ peri(xl b¢tsYe¢ll April 2023-Mar¢h 2024 w¢ gained 3097 new followers on Instagrom. 250 new ftillowets on X (Twttter) and 100 new follower5 on Facebook. As visitor5 to the h(NJse are necessarity limit&L we consider the website our seci>nd building. seonal newsletters from The Cosmic House guide WevIsitOrS to the edueatlonal coThtent on the website. including program and archive upJate$. Ov¢r 5000 new subscribers joined in2023. Page 2
The Jencks Foundatio Rert of the Tru$ttts for the Year Ended 31 Marth 2024 e Exllll)ition We launched the n¢w y¢ar with the exhibition '1980 UL Parallax to wmap the year 1980, the year when the rst Venice Architecture Biennale announced P05t-Modernism as the mainstream of the new architectural ¢ulriye. Tht cxhibitl0n'5 titl¢ botrow5 the teTm'pardllax' from the field of photography and foregrounds the thifting per$tiVeS of lesser studied contexts, cultural and ge0phICa] site5. The ¢xhibition ¢entsEs around a new film commission, The Bicycjist Who F¢ll into a Time Cone on display in the gallery space of The Cosmi¢ House and cotnpknent¢d by a s¢t of siie-$pecific wall drawings AR interventions throughoutthe musewn. 'Cosmie Housework, a sittrsFcific exhibition with Madelon Vriesendorp focused on humour and trony. two key ingredients for the design for The Cosmie Hous¢. Th¢ exh1 itioTh brings together existing and new work arranged across the spaces of The Cosmi¢ House, addressing soJ))e common themes that Span b¢tw¢en MAdelon's and Charles, praai¢4 such as language, irony, pop and ad-hoc. ow to Pas5 through a doov by inaugural artist in resident Marysi8 Lcwgndowska is n¢)w on pernanent display in The C05rnic House. The sit¢-specific sound installation proptsses an alternative encounter with the space, and by acknowledging Maggie, Ke5wi¢k Jrnck5' role and mntributions to the design of th¢ house, opens up a polyphony of interpretations and Parallel universe to Charl, own. Th¢ Jencks Foundation lIabted with frflux ar¢hitecttwe to prtSEnt an off-site exhibition titled chron0aS of Ard)iwftwe at the Ar¢hite¢tural Asswiation tn Limdon to f¢aDJre six newly commissioned diagrams alongside archival mat¢rial froTn Charles J¢n¢ks' archive. ons and Pllbli The Cosmi¢ Hous¢ has a lamited fooffail but our projects reach well beyond the doors of the house museum, through Stralegic insttttltional Gollaborations wher¢ we h05t events, to invit¢d screenings of work we have commissioned, publications. To accompauy the off-site exhil)ilion ChronogTams of Architecture, the Jen¢k5 Foundation OTganised an ititernational symFA)sium in collaboration with the ArChittural Association S¢hool of Architecture that brougl)t together historians, arthLV15t& designers and architectural educators to collectively reflect on the rn¢thod of diagr&mmtng architectural history both as an expressive visual forniat and as a critical tool of analysi The newly commlssioned fi]m with Raq5 Media Collective gaRned illtemational Jnomentum and went on to screetwdl¢ythibired in var1¢X lniematiol venues and platfoErn5 iD¢ludti)g Centre Pompidow the Shanghai Bienn81e, Whitsjey BiennY4le and MUBI. Institution ¢0118boTations included a scr¢¢ning of The Bi¢yclist Who Fell illto a fune Cone th Art B&4el Film, a '1980 in paRllaK' pan¢1 dtSCU&8ion in collaborntion with tlle British Council and at the British Pavilion of the Veni¢¢ Bicnnale and a Raqs Media Collective screening ta]k at The PhOtoaPherS Ga]lery" and a lecture and conv¢rsatAon with Marysia Lewandowska about herresidency at The Cosmic House ai The Courtauld Institute of Art. The Jencks Foutidation published 21 Games for a Cosmi¢ House by kn Brdtish¢nko, which i5 the otme of Brati5henko'$ residency in the previousyear 8nd offers anew reading of the spaces of The Cosmic House thrimgh play. To 0mPanY the ¢xhibition .1980 in Poxall&x' the J¢ncks Foundati(Trn has published an artist book by Raqs M¢dia Collective that take5 Lts starting poini from their newly Commissioned film The Bieycltst F¢ll into a Time Cone. Mtjrorirtg the film's visual t¢xtUTes, the five voice5 in the pamphlet registw varying distan¢¢s from what 1$ seett on the screen and its potentiaj elucidati0t ond develop a more wlyphonic method ofwritin8 history in dialogue. Page 3
The Jencks FoNnd¢ion Report ofthe Trustees for the Yvdr Ended 31 March 2024 'The Jencks Foulldati¢)n ¢ontitiued Its resideJKy progMnm¢ with outputs ranging from u¢w online essay ¢0 print publication5, newly commissioned artwork, and ¢xhibitions to ¢ultivat¢ th¢ ¢onversation around its atwual Jts¢ath them¢s and to develop iE)41epth rtscarch thht feeds it)to the foundation's public program (exhibitions, wnunissions ¢t¢). .,Sev¢Tal researchers, rnostly fr[ academic itistiwtion& used the Jtn¢ks Ar¢hiv¢ as a resourc¢ for th¢iJ work. The Archive hosted I I researchers, including several who came multipl¢ times and Carri out extended research. Th¢y included underuate$. Pl students, and artists. Most of the research related to the d¢sigrt Of The Cosmi¢ House itself, refle¢tfftg the caialogue records that are ¢uryentty available. however there have also been ertquiries aix)ut Charles, ¢ing '8rMI relationships with other indivithjals from the ar¢hiiecttwe world {Gavin Stamp. 2aha Hadid). The Ar¢hivist was oiso able to support loans ts) exhibitions at the Bot Kunsthall¢ (a Sun chair, a framed work and digital image5) and Compton Vemey (pl2sti¢ine models). Compton Verney gave all in-kind donation for th¢ conseryation work for the models prior to the loan. The Archive has also supplied 15 images for use in publications. The archive catalogue has seen over 1000 unique visitors, with visitors spending on avet2ge over 10 minute5 browsing the site. Th¢ onlin¢ catslogue was illitially launched with a 5m811 sub-set of records relatin8 to the design of The C05miG House and therE have be¢n b¥0 major addition5 since.. a box listing of the slides in the Ar¢hit¢¢tural Library, browsable by drawer, ar¢hite¢t and IatiOn. and reeor(L8 for five of the Bookhouses, giving not Only basic bibliographic metadats but also infornatlon about Charles, 8mOtations onio 8nd insertions ll)to the books. The JeTh¢ks FOUjatiOn continued its series of salon dis¢ussions evolving around topics related to the foundation's a1Ual res¢ar¢h theme and bringSD8 together an irtterdisciplinary group of artisL architecty writer5, histtirians and scientisi. Salon topics thL5 year iA)¢luded '1980 in parallax" in an attempt to remap the year 1980 situate the notiw of Post-modern Architectu in a more culttwally and geographieaily expansive contert and "Post-modem Cosmology" which iniiiat¢5 ¢onvaBation5 for the foundation's upcomingprogramme for 2024125. Communl¢atlons Throughout the year th¢ J¢n¢ks Foundation ¢xhibitions were well received and attracted good pres3 Coverage. "Cosmic Housework, was tbe subject of Verage fmm publications and websites with broad rea¢h and r¢athrship, in¢ludin8 The Guardian. Th¢ London R¢view of Books, Design Anthology. Wallpper. Art Bos¢I. IUBA Jownal, World Architecture F,¢$tival 2023, and Widewalls. IiAQs Media Coll¢¢tive coverage w&8 included thc PA Magaune, tsflux, Muse Mo8azine, FAI) Magazine, Anotber Magazine and the Ar¢hit¢¢turnl Recor& Based on alldiCe reach and engagement rate on social media we estim 594K vi¢w5 fmm the 23124 wess Coverage. Press resp[*eS on The Cosmic Hous¢ in¢luded The Bvening Standatd naming The Cosmic House in its articl¢ on"IO of the ¢5t house rnu5eums for 20th interiors" and enthusiastic coverage oll The L(d018( amd Uh knhit¢¢t Magazin& The combined total publication wide audience rureS for all outlets featuring ¢oYerage i8 108 Million. In additll)T4 50ciai media audiences on Insta, Fac¢book and Twitter continued to show steady growth. A$ the Foundation is growing 8JLd th¢ rtsl¢$ of the staff members 15 changin& the JF Organi&M needs to be rethought. We ar¢ ¢ar¢fully reviewiThgrole$ and tysponsibilities 8$ well 8s workflow atto&% the team to adds¢ss this. Managing visÉtor expectations reMall a ¢hailenge due to the limited accE5S availabl¢ to members of the public wishing to visit The Cosmic Hous¢. Th¢ nwnb¢r of interested partie5 well exceed5 ¢apa¢ity. We ar¢ adthessing this by managing expectstions through clear communication on ourwebsite, social media and newslettas. Page 4
The Jencks Foundadon Report of the Trnstee5 for the Year Ended 31 March 2024 Future Pl*ns Th¢ J¢n¢ks Fowidation will ¢ont2nue its 14boratory and public programme at The Cosmic Htsu5e USed on themes thwn from th¢ Charles Jen¢ks Ar¢hiv¢ and developed with an intsrdiscipllliary wup of contemporary artists. historiart$ artd other ¢reaiive thinkers. The 2024 progrnmme will laun¢h with th¢ opening of a n¢wly commission¢d ¢xhibition by ThrneTrpri7£ wintiing artist Tai Shani developed in respons¢ to the design of The Cosmic Hous¢ idM8 of A(kHocism alld Anthropornotphi5m &n arcbitrcture. As the Jencks Foundation i5 now movin8 from its "fwst, years to its "early learnsng" yeart. key goa]s in¢lude developing 8 financial and developmentlfimdrassing 5trattgy and a learning Strhtegy. and bringing these together with the progTamme. ard)ive and th¢ building ¢ons¢ati¢jn plan. One of the main sttategtc long-temi obje¢tives for the year 2024Q5 in¢ludes th¢ development and implementation of a new learnsng outreach pro8ramrne with the focu5 on three mhiFL target groups.. A-l¢vel sthdertt8 MA Sd¢llts in Architecture and Cultural Studies, and PhD level research stsdents. The new learning outreach programme will Evolve in close pwthership with local schools and w)iversittes, and it will b¢¢ome integral to th¢ Jencks Foundation'$ aThnuel public progralnme attd editorial output. We have engaged exten1 comrnunications consultants The Seeking Stste to Carry out a Jor mi¢w of its online cornmunication and editorial strategy. This includes recommendatiorkS for a 'genÉle rebrand, to refocus c>n 'The Cosmic House, bld and simplifying the web archite¢ture with fo¢us on our key alldi¢n¢¢ A new ¢ditorial strategy will follow ¢0 diversify our online editoriaI fom)ats to r¢a¢h 011 our main audiences r8ngiTh8 from more general v55itor5 to specia]i5ts¢hoiaE. A new conservaiion management plan will be an important project to implement in the next ye8r, which may have implications on visitorFLumlxrs aTLdA¢cessibility, as well itiput into the f1¢la1 and development strategies. Finanei#l revk)Y The ThJstee5 have adop¢ed the provisions of A¢counting and R¢portin8 by Charities.. Stat¢rnent of R¢commended Practitt appli¢able to ¢hariti¢s preparing th¢ir a¢¢ounts in acwrdance with th¢ FiDan¢ial R¢porting Standanl appli¢abl¢ in the UK and Republic of Irelalhd (FRS 102) (efftctive l January 2019). tncome i5 derived from donatii)DS. ¢haritabl¢ tn]$ts, individuals, and ti¢k¢t sths. Expendit r¢lat¢s mat¢rially to Costs asso¢iat¢d with operting and maintalAg a musewn at The Cosmic Housi associated ¢xhibition •)d programmtng Costs and catsloguillg and openitig upthe archive. Administration Costs reknts to wages ond $ts associated with maintsiniDg the prom at 19 LaJL8downe Wall(. All costs are sctutinised regularly. The reserve5 amount to £155,091. Please refer to the Balance Sheet of the Unaudited FinancÉal Ststements for the Peri¢)d I April 2023 to 31 Mah 2024 which highlights the resetves. The Thste¢s decide how the unrestric(ed fid$ are best applied to support the jckS FOdtiOn and its 8Clivities. The Trustees have a reI)nable ¢xp¢¢tation that th¢ Charity has adequate resources lo continue in operational exist¢n¢¢ for th¢ for¢s¢¢abl¢ futurt And L5 a going concern. Pag¢ 5
The Jeneks Found8tlon Report ofthe Trustees for the Year Ended 31 March 2024 STRuuRE, GOVERNANCE AND MANAGEMENT Trustees The TrttteS of the CIMrity comprise the onty members of the Charity under the Companies Act. The Tnjstees are also Dxrectors of tb¢ Charity for the pUr>BeS of company law. Th¢ Tnle¢S pmvide 8 mix of skills and comp¢t¢ncies required to fjjifil their obligations. which itjclude developing and 1¢adll on stsxtegies for the Charity to deliver its ch8ritsble values and Ipwposes. The Board is composed of at l¢&s¢ tsvo trusttts gjjd such m&Kitnum number as the Board may detemiin¢. The Board can app)int addi110n Trusiees. Th¢ Board of TNstres irtcludes a sufficient number of trnstees who are not Connected to the Jencks family ty ensure that there is an unconfiicted quon]m ¢apable of making d¢¢isions in relation to arrdngements which may Cause a ¢ontli¢t of interest. TN5tees are aware that they must disclose any powitial ¢onfli¢ts of ititere5t to the BO?1 so 'that they cgn be appropriately dealt with itt line with the Clwity's govetnin8 diKumcnts, alld that any failure to do $0 could affect the Jencks Fouthtion's perfom)an¢e 8nd reputation. Th¢ Thiste¢s b¢li¢v¢ that th¢y Can operate eff&tively with the CUTrent number and mak¢ up of Tnes. The Tntste who served during the perlod l April 2023 to 3 1 March 2024 ar¢ as follows.. Lity Jen¢ks, Louisa Jettcks, Orlando Rock al Catherine Ince. The Trustees meet at regular interyals to discuss th¢ nmning of the charity 8nd the tnaking of any 8fdnts (if appli¢abl¢}. Tr Board opwoves the Thtee$, Report and Accounts, aTJnuai budget and forward plan. Day to day management of the Charity 15 delegated to the Director of the Jencks Foutmlation, Es7tsr Si¢ierhoffer, who reFY)rts to the B0d of Trustees. The Trustees have established appropriate controLs and r¢wiing mechanisms to ensure th2L the senior monagement team operates within the scope of the powers delegated to it. The Chair ensures that there is also robust debate at the board level, that provides constructive challenge to the Director, therthy ensuring that the Charity's atsns ar¢ beingdeliv¢red. Actions of these meetillgs are minuted and regularly reviewed. The Trustees have reviewed the public ben¢fit 8uidan¢e published by the Charity COmls510. The activities undertak¢n by the Jencks Foundation futther its ¢haritable purpos¢s for the public benefit several axea4 iti particular exhibitions. and public proeS. The frllstees have examined the major risks whi¢h th¢ Chwity faces and confjmi there 1$ regular risk ¢valuation so that necessary steps can be taken to lessen those risks. The Trustees revi¢w and discuss health safety issues at all meetings of th¢ Board. Th¢ Tnle¢S h&ve identified the most significant risk &s contitwed wear and te to the fabri¢ of The COS1¢ House, which is king addressed by the nsetIOn management plan. The Jenck5 Foundation is committed to paying staff fairly with a salary thai 1$ competitlve within the chaTiry Sector and is proportionate to the complexity of earh role and Én line with the chlty objectives. The TnLs¢ees give th¢ir time and expettise without chaxge. REFERENCE AND ADTrJINISTRATIVE DETAILS R¢glst¢red Company Jkumber 13496093 IEngl8JLd and Wales) Regl$ttred Ch*rlty numbtr 1197265 Registered orrice The C05mie House 19 Lttnsdowrte Walk Londoki W113AH Page 6
TheJeneks Fourtd#tlon Report of the Trustees for the Year Ended 31 Mah 2024 Trn5tees Ms C th¢e Museum Curator Ms L Jen¢ks Retir¢d Ms L C J¢rt¢ks Architecttwal Designer Mr O W A Rock Auctioneer Independent Examlner R Shah Litchfields 5 Luke Street London EC2A4PX Report of the trnstees, in¢orporntitig a stJ*egi¢ r¢potL approved by order of the boHrd of trustee5, as the coPanY direclor4 /4 .knhm4..l1dd si8ned on the IM)ard5 belialf by: Ms L C Jen¢ks- Trustee Pa8e 7
llldepettdent ExamlNer's Report to the Trnst¢es of TheJtneks Foundatlon Independent examinEr's report to the trusttes of The Jenc]t5 Foundation I'the Cornpany,) I tEport io th¢ ¢hwity twsiees on my examinatiots of the a¢couThts of the Company for the year ended 31 March 2024. Ruponsibilitles and b•sis ofr¢port A$ th¢ charity's trust¢¢s of the Company (and also its dir¢¢tor5 for the PUTPDSE5 of company law) you are resrrtx)$ible for the preparation of the acc(yJrtts in aordanCe with the requirements of the Compani¢5 Act 2006 ('the 2006 Act,). Haying satisfLed myse]f that the a¢¢ouAts of the Company are not required to be audited under Part 16 of the 2006 Ad and ,are eligible for independent exan)illatio I report in respect of my ¢xaminioTr of your charity's a¢cous)ts as carried out utmler Section 145 of the Charities Act 2011 ('the 2011 Act'l- In carying out my examination I bave followEd the Directions .giv¢n by the Charity Commission under Section 145(5) (b) ofthe 2011 ACL IAdÈpendentexmlner's #tatemènt Sin¢e your eharity's gross income exceeded £250,000 your examiner must be a rnernber of 3 list¢d body. l can confum that I am qua]ified to und¢rtake the ¢xaminaiion because l am a member of the Jm$tite of thart¢r¢d A¢¢outsthnts th England attd Wales, Mthictx 1$ One of the listed bodies. I have completed my examination. I confimh that llo Tnatters have come to my atteniion ill connection with the examinbtion giving m¢ ¢aus¢ ttTr believ¢.. a¢¢ounting re¢ords were not kept in respe¢t of the Company as requir¢d by Section 386 of the 2006 Act. or the a¢¢ovnts do not accord with those r¢¢ords,' or the accounts do not eompty wsth the accounting requirements of Section 396 of the 2006 Act other than any r¢qllirement that the accounts give a true and fair view whieh is tsot a matter considered as part of an independent exaMallOn,. or the a¢couThts bave not been prepared in accordat¢ with the methods and principles of the Statement of Recommended Praclice for aCC)tIng and reportin8 by charitÈes (appli¢abl¢ to charities preparing their accounts iti ac¢ordance with the Financial Reporting Standard appltcable in the UK and Republic of Ireland (FRS 102)). I have no o)ncerns and have come auDss no Oth matters in ¢onn¢¢tion with th¢ examination to which attention thould be <frawn in this report in orderto enable aprop¢r utLd¢tstanding of th¢ a¢¢ounts to b¢ rh¢(L R Shah The IttIllrte of Chortetrd Accountants in Engjand and Wal¢s Litchfields 5 Luke Street London EC2A 4PX Page 8
TheJetseks Foundation Statement of Flnan£l21 Aotlyltles for the Year Ended 31 Mareh 2024 Periryj 1.1.23 to 31.3.23 Totsl fun& Year Ended 31.324 Unrestricted fjjnd Notes INCOME AND ENDOWMELYTS FROM Donations and l¢gacies 700,000 Ch#rltabie #etiYitie5 Admissions 13,395 5.785 Total 713,395 5.785 EXPEf4DITiJRE ON Charitable activiti¢s Grants to institutions and dIvidUS Prok*. programme and exhibition ¢osts 1,000 66.183 223,498 Oth¢r gerteAI expenses 357,056 56,890 Tot81 580,554 124.073 NET INCOMKI(EXPENDrruRE) 132.841 (118,288) RECONCILIATION OF FUNDS Totsl fun(L8 brought fonvard 22,250 140,538 TOTAL FUNDS CARRIED FORWARD 155.091 22,250 The notes fortD part of th¢se fJnan¢ial statements Pag¢ 9
The Jenek¥ Fouttdtio B2]&nce Sheet 31 Mgrch 2024 31.3.24 ulestrICted fund 31.3.23 Total fimds Notes FIXED ASSETS Intangible assets Tallgl le Assets 12,898 16,720 9,709 5,536 10 29,618 15245 CURRENT ASSETS Debtt)rs .Cash at bat)k 6,393 136,603 7,936 31,306 141996 39242 CREDfTORS AM(ts falling due within one y 12 (17,5231 (32,237) INET CURRENT A&SETS 125,473 7,005 TOTAL ASSETS LESS CtJRKENr LIABILITIES 155,091 22,250 NET ASSETS 155.091 22.250 13 Utirestri¢t¢d fimds 155,091 22,250 TOTAL IfuiYDS 155,Tr91 22,250 The dfftritabl¢ ¢omwiy is entided to ¢xemption frorn audit under Section 477 of the Cotrtponies Act 2(M)6 for the year ended 31 Marth 2024. The memb¢TS have not required the company to obtain an audit of its financial stsiements for th¢ y¢ar ended 31 March 2024 in a¢¢ordgD¢¢ with Section 476 of the Comp¥eS Act 2006. The tru5t¢es knowledge theirresponsibilities for (a) ensuring th&t the chgritable company keeps a¢w]nting records that c(xnpty with Sections 386 and 387 of the Companie5 Act 2006 and preparing financial statements which give a ttue and fair view of the state of affairs of the clwitable wmpany as at th¢ end of each fanCIal year and of its Sutplus or d¢fi¢it for each fmanciai year in accI)rdate with the requirements of Se¢iion$ 394 and 395 and which otherwise comply with th¢ requir¢ments of th¢ Companies Act 21K)6 relating to r]twi¢ial statements, so far as Bpplicable to the charitable company. (b) Th¢ fancIal statements weAE approved by th¢ Board of Trtees and authori5ed for issue on and were Si8Ded ¢)n its behalf by: The notes fornk part of these fjnancial stat¢ments Page 10 ¢oniinued...
The JeD¢ks youdtiO B¥l8nc¢ Sh¢¢t- con¢lDu¢d 31 March 2024 Ms L C Jencks- Thte¢ The notss forni part of these fJDallciai statements Pagtll
The Jencks Found&tion Casb Flow StatemeDt for thè Year Ended 31 Mar¢h 2024 Period 1.123 Year Ended 31.3.24 31.3.23 Notes C8sh tlows from operatiThE 8Ctlvhi¢s Cash genemed operation5 125,230 (99,985) Net c&8h provided byl(used in) operating activities 125,230 (99,985) Cash tlows from Investlng 1vItIeS Purchase of intangibl¢ fixed a55et5 irchase of tangible fix assets (6,480) (13,453 } (7,695) Net C&8h used in investing aGtiviti&¥ (19,933) (7,695) Change in Cash and c*sh equlvalents the reporting period Ca5b cash egufvalellts at the beglnNlng of th¢ reporting period 105.297 (107,680) 31,306 138,986 CAsb and cash equivalents At the elld of the reporting period 136,603 3 1,306 Th¢ not¢s forni part of these fman¢io1 stat¢m¢nts Page 12
The Jencks Foundstion Notes to the Cash Flow Statement for the Year Ended 31 Ibtsrch 2024 RECONCtLIATION OF NET tNCOMFJ(EXPENDITURE) TO NET CASH FLOW FROM OPERATTNG ACTtVITIES Period 1.1.23 Year En¢kd 31.324 31.3.23 Net ineomel(¢XP¢Ddlture) for the reporting period {A5 per tbe Statem¢Th¢ of Fln*neial Aetivitie5) Adjustments for: D¢pr¢ciauon Ch9¢S tkueosel(itLcrease) in debtors (Decreaseylncre ID ¢r¢ditot 132.841 (118288) 5,560 1,543 (14,714) 183 (3,642) 21.762 Net cash provided byl{used in) operations 125,230 (99,985) ANALYSIS OF CIIANGFS IN NET FUNDS At 1.4.23 Cash flow At31.3.24 Ntt easb Cash atbank 31,306 105.297 136,603 31.306 105.297 136,603 Totsl 31,306 105.297 136,603 The Thotes fom) part of th¢5e statements Page 13
TkneJelld FouttdAtIo Notes to the Flllgnclal Statemellts for tht Ytar Ended 31 March 2024 ACCOIJNTING POLICtES Basis of prepAring the r]nandal ststements The fanCial statements of the charitable company, which 15 a public benefit entty under FRS 102, hav¢ been pr¢par¢d in a¢cordan¢¢ with the Ciwiti¢$ SORP (FRS 102) 'A¢¢ouniing and Reporting by Charities.. Statement of Recomn)ended Practice applieable to charities preparing the accounts in &ccordance with the FinaD¢ial R¢poning Standard applicabk in th¢ UK and Republi¢ of Ireland (FRS 102) (effe¢tiv¢ l January 2019),, Finall¢ial Reporting Standard 102 'The Financial R¢porting Standard appli¢abl¢ in the UK and R¢publi¢ of Jjeland, and tbe Companies Act 2006. The financial statements have been pttpared uttder the historical ¢ost cottyention. Ineome All income is TK¢wised in th¢ stsiement of Financial A¢tiviii¢s once th¢ ¢haJity has ¢ntitlement io the fimds. ii is probable that ttle income will be e1Ved and the amount Can be measured reliably. Expenditure Liabilities are re£o8ni$ed as expendikn 8S SODn as there is a lega] or eonstrnctive oblightion committing the charity to that expendittw4 it is probable t11 a transf¢r of ecc#)omic benefits will Ee required in settlenent and the amount of the ob]igation can be tn¢&ured r¢]iably. Expenditure is accouttted for on an &c¢nthb basis and bas been classified under headings that aggregate all cost related to the category. Where costs callnot b¢ dirECtly attributed to particular headin88 they have been allocated to activities on a b&8is consistent with the use of resources. Grts off¢r¢d subject to coTrdition$ which Iwe not been met at the year end date are ntsted &8 a commilment but not arll¢d as exp¢nditur¢. Archiye software Archive software is beiNg amortised evenly over its estimated usefjjl life of five yeats. Tanglble Ilx¢d a$s¢ts D¢pre¢iaiion is provid¢d at th¢ following anTtual rates in order to write off each &5set over its ertimated useful life. Plant and machinery Comput¢r equipment 20Yo on c05t 21PA on cost T8Xatlon Th¢ cliarity is ¢xenipt from corporation tax on its eharitable activities. Fund aceountittg Unr¢stricted funds cau be used inKcordance with the ¢harithble obj¢¢tiv¢s at th¢ disffetion of thetntC¢5. Restricted funth CaD on]y be used for particular restrÉcttd purpD5eS withirt the objects of the Charity. Restrictions aris¢ when specIfd by the donor or when fi]nds are raised forparticular re51ricted purposes. Further explan10Th of tbe nabjre atsd purye of ead) fill)d is includd in th¢ notss th¢ fuwncial ststem¢nts. Pa8¢ 14 cotttinu¢d...
The Jtneks Found*tion Note5 to the Financi41 Statements- tontinued for the Year Ended 31 March 2024 DONATIONS ANO LEGAC Period 1.1.23 Year Ended 31.3.24 31.3.23 Donations 7CO,000 INCOME FROM CHARITABLE AcrivrriES Period 1.1.23 Ye4r End&1 31.3.24 31.3.23 Activty Admissions Admissions 13,395 5,785 CHARITABLE AcfIvITIES COSTS Direct Costs Pror•, progTrmme and exhibition ¢0sts 223,49B GIW4TS PAYABLE Period 1.1.23 YearEntsl 31.3.24 31.3.23 Grants to instilllti¢)n5 8nd individua]s i.(rf)o NET INCOMEI(EXPENDfruRE) Net incomel(expenditUTe) is 5ted after charginyJ(crediting): Period 1.1.23 to Year Endoa 31.3.24 31.3.23 Depreciation. owned assets Computer softwatf 8morti5ati¢Jn 2,269 3291 69 114 Page 15 continued...
The J¢n¢ks FoMnd4tbon Nots5 to the Fillancial St8tements- eontlnued '.f•r the Year Ended 31 March 21124 TRUSTEES, REMUNERATION AND BENEFITS There were no truste¢s' temuneration or other benefits for th¢ year ended 31 March 2024 nor for the p¢ri¢xl ¢nded 31 MAreh 2023. Tru5tees' e4>ense8 There were llo tntees. expenses paid for th¢ yearenthd 31 March 2024 nor forthe period eaded 31 March 2023. STAFF COSTS Staff costs durthe peTiod under 0p¢ waE.' 31.03.24 31.0323 Wag¢s and salari¢5 Social security costs Pension ¢05ts 222,336 1È,722 2.192 31301 3,108 452 243250 35,861 Average number of employ¢&% Ont employee received emoliunents of more than £60,000 during the wiod scq)e. IwrANGIBLE FIXED A&SETS Amortis&tion for the y¢ar of Intangli)le Asset (Archive Sothvare) of £3291 is included in the SOFA under Other General Expense5 heading. as Computer Software subheading. io. TANGIBLE FIXED ASSET6 Plant and mathinery Computer ¢quipm¢nt T<tsls COST At l April 2023 Additions 4JOO 11,0 1,374 2,453 5,674 13,453 Ai 31 M?h 2024 ISJOO 3.827 19,127 DEPRXCIATION At l April 2023 Chse foryear 138 562 138 2,269 1,707 At 31 March 2024 1,707 700 2,407 NKT BOOK VALUE At 31 March 2024 13.593 3,127 16,720 At 31 March 2023 4?th) 1236 5536 Page 16 contirtu...
TheJenclK5 FoundatioTh IYote5 to the Financial Ststements- contlnued ror the Year Ended 31 March 2024 DEBTORS: AmoUTrs FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors Pr¢payments and acctued Ie 188 6,205 7,936 6,393 7,936 12. CREDITORS: AMoiJNfs FALLfqG DUE wrrHIN of4E YEAR 31.3.24 3 1.3.23 Trade creditors Social security and other teS Ac¢Tued expens&8 11,248 22 6,253 24.308 3,956 3,973 17,523 32,237 13. MOVEMENT IN FiJf4DS Net mov¢m¢nt in fid$ At 31.3.24 Al 1.4.23 UDr£8trieted fwnds General fund 22,250 132,841 155,091 TOTAL FUNDS 22,250 132,841 155,091 N¢tmovernent in fi]nd¥, included in the above are as follows.. In¢oming r¢sour¢es Resources expellded Movement itl fidS UDrestritted funds General fiu 713,395 (580,554) 132.841 TOTAL FUNDS 713,395 (580,554) 132,841 Pag¢ 17 ¢ontinued...
The Jette Foundatlo Notes to the Flnanclal St4temeuts- ¢ontlnued for the YeAr Endeil 31 March 2024 13. MOVKMENT IN FUNDS- Continued Comp8r8tives for wov¢m¢nt in funds Net movement ID fimds At 31.3.23 At 1.123 Urtrestrieted fund$ General fimd 140.538 (118288) 22250 TOTAL FUP4DS 140,538 (118288) 22250 ComtArative net movement in fijnds. included in the above are as follows.. In¢oming Resourc48 resources expended Movem¢nt in fund3 Uttrestrieted furtds General fill 5,785 (124.073) (118,288) TOTAL FUNDS 5,785 (124,073) (118288} 14. EMPLA)YEE BENEFIT OBLIGATIONS The chartty operntes a defined contribution pension scheme. The pensico cost charge for the period under scope represents contributions payable by the charity to the 5chern¢ and amowited to £2,192 {2023: £A52) RELATED PARTY DISCLOSIJRES The Cosmic Hou$4 19 LAnsdownt Wal The Cosmi¢ House is owned by the M K Jencks Will Trust of which Ms L C Jen¢ks is a trustee attd beneficiary. On l April 2022 The Cosmic House was leased to The Jencks Fowjdation at a peppercorn rental value for a peri(xt of 5 Page 18 Continued..
The Jencks Foundatlon Notes to the Financial Stat¢m¢mts- contlnued ror the Year Ended 31 Mareh 2024 16. INDEPENDEP4T EXAMINER'S REMUNERATION 31.03.24 31.03.23 Examination of the fanCIal stst¢m¢nts Accountancy services 3,0 12,733 3,973 15,733 3,973 Page 19
The J¢ncks FoundAdo Det#iled Statement of ffin&ntial Activltles for the Year Ended 31 March 2024 Period 1.1.23 io 31.3.23 Y¢ar End¢d 3 1.3.24 INCOIIIE Af4D ENDOWMEF4TS Donations and legacies Donations 700,(MKS Charltmble Aetfvltles Admissions 13,395 5.785 Total xncoming resources 713,395 5,785 Charitable activities ProiKty, progtwnme and exhibition costs Gramis io instittitions and indtvidual$ 223,498 66.183 1,000 223,498 67,183 Other genernl exptNses Wage$ Other general thiThistratioTh expenses Utilities and councEI tax Maintenallce, cleaning and pest ¢ontyol Amortisation of intangible fLxed assets D¢pre¢iation of tangible fLxed assets 243,250 72.831 12,661 22.754 3291 2269 35,861 8,882 4,617 7,347 114 69 357,056 56,890 Total tesources expended 580.554 124.073 Net incomel(expenditure) 132,841 {118,288) This page does not forni pajt of the ststutory fin8n¢ial Statements Page 20