## **Private and Confidential** 

## **THE JESSIE SPENCER TRUST** 

## **Report to the Trustees** 

Year ended 5 April 2024 

Prepared by Lemans on 21 August 2024 




The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **CONTENTS** 

|||**Page**|
|---|---|---|
|1.|Introduction|2|
|2.|Audit and accounting issues identified at planning stage|3|
|3.|Audit and accounting issues identified during the audit|5|
|4.|Unadjusted/adjusted misstatements|6|
|5.|Views on qualitative matters of accounting practices and financial reporting|7|
|6.|Trustees’ representation letter|7|
|7.|Significant observations in internal control|7|
|8.|Significant findings from the audit|7|
|9.|Uncertainties, risks, exposures, judgmental issues and going concern|8|
|10.|Fees|8|
|11.|Independence|8|
||Appendix – Letter of representation|9|



This report has been prepared for the sole use of The Jessie Spencer Trust and must not be disclosed to any third party, or quoted or referred to, without our written consent. No responsibility is assumed to any other person in respect of this report. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **1. INTRODUCTION** 

This report summarises our key findings in connection with the audit of the financial statements of The Jessie Spencer Trust in respect of the period ended 5 April 2024. 

Our audit procedures, which have been designed to enable us to express an opinion on the financial statements, have included an examination of the transactions and controls thereon of the charity. 

The work we have done was not primarily directed towards identifying weaknesses in the charity’s accounting system, other than those that would affect our audit opinions, nor to the detection of fraud. We have, however, designed our audit procedures in such a way that we felt would increase our chance of detecting any fraud. 

We have included in this report only those matters that have come to our attention as a result of our normal audit procedures and, consequently, our comments should not be regarded as a comprehensive record of all weaknesses that may exist or improvements that could be made. 

It is considered good practice to inform you of any material misstatements within the financial statements presented for audit that have been discovered during the audit. Materiality is considered in relation to the value of the misstatement and also its context and nature. 

A summary of adjusted and unadjusted misstatements identified during the audits has been prepared and is included in Section 4. 

We would like to take this opportunity to thank Mr Thompson and the Trustees for their cooperation and assistance during the course of the audit. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **2. AUDIT AND ACCOUNTING ISSUES IDENTIFIED AT PLANNING STAGE** 

## Management override of internal controls 

Area of audit focus This risk is present in all audits and auditing standards require auditors to undertake specific procedures to address the risk. 

Our approach Our planned audit procedures include: 

- Reviewing accounting estimates for bias and evaluating whether the circumstances producing the bias, if any, represent a risk of material misstatement due to fraud. 

- Considering and evaluating any significant or unusual transactions that are outside the charity’s normal course of business to assess whether they may have been entered into to engage in fraudulent financial reporting or to conceal misappropriation of assets. 

Conclusion We have performed our work as planned; no significant issues have been noted. 

## Income recognition 

Area of audit focus The auditor’s responsibility to consider fraud in an audit of financial statements means that there is an assumption that income recognition is a fraud risk. Income should be recognised when the conditions of recognition have been satisfied. 

Our approach Our planned audit procedures include verifying the income systems to gain assurance over the operation of financial controls in place. 

We have performed our work as planned and no material Conclusion errors relating to income recognition, whether fraud or error were noted. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## Related party transactions 

Area of audit focus 

We are required to consider if the disclosures in the financial statements concerning related party transactions are complete, adequate and in line with the requirements of the Charities Act 2011. 

Our approach 

Review of information held by the Charity Commission to ensure there are no potential related party transactions which have not been disclosed. 

We have requested written management representations from you confirming the full disclosure of related party transactions. 

Conclusion 

A grant was made to Fundays In Nottinghamshire during the year. 

Our audit work has provided assurance that the related party transactions disclosed in the financial statements are complete. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **3. AUDIT AND ACCOUNTING ISSUES IDENTIFIED DURING THE AUDIT** 

## Realised gains and losses on investment disposals 

Issue 

Realised gains and losses on the disposal of investments are calculated as the difference between sales proceeds and their original cost. 

## Resolution 

Although this is a departure from SORP 2019 the accounts disclose the Charity’s policy on such calculations. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **4. UNADJUSTED/ADJUSTED MISSTATEMENTS** 

A summary of the unadjusted/adjusted errors identified during the course of our work is set out below, analysed between errors of fact and differences in judgment.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Because of the test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, there is an unavoidable risk that some misstatements may remain undiscovered. 

||Profit|Net Assets||
|---|---|---|---|
|Adjusted misstatements|(£)|(£)||
||Dr/(Cr)|Dr/(Cr)||
|Transfer of income to capital|(12,319)|12,319|Transfer in accordance with the|
||||resolution dated 14 June 1991|
|**Total**|**(12,319)**|**12,319**||



|Unadjusted misstatements||||
|---|---|---|---|
|factual|Dr/(Cr)|Dr/(Cr)||
|Dividend settlement account|2,700|2,700|Dividends received by Barratt &|
||||Cooke not paid over - 2024|
|Dividends settlement account|(3,011)|(3,011)|Dividends received by Barratt &|
||||Cooke notpaid over - 2023|
|**Total**|**(311)**|**(311)**||



|Unadjusted misstatements|||
|---|---|---|
|judgmental|Dr/(Cr)|Dr/(Cr)|
|None noted|-|-|
|**Total**|**-**|**-**|



6 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **5. VIEWS ON QUALITATIVE MATTERS OF ACCOUNTING PRACTICES AND FINANCIAL REPORTING** 

There are no qualitative matters of accounting practice we wish to report. 

## **6. TRUSTEES’ REPRESENTATION LETTER** 

We have reviewed the representations made to us and can confirm that appropriate representations have been made to us. 

## **7. SIGNIFICANT OBSERVATIONS IN INTERNAL CONTROL** 

We have not identified any significant observations on internal controls during the course of our audit work. This does not constitute a comprehensive statement that no issues may exist in internal controls or of all improvements which may be made. An audit is not designed to identify all matters that may be relevant to you and accordingly the audit does not ordinarily identify all such matters. 

## **8. SIGNIFICANT FINDINGS FROM THE AUDIT** 

## **Accounting policies and estimates** 

All accounting policies and estimates have been considered in our audit and deemed to be appropriate to the financial statements of the entity. 

## **Financial statement disclosures** 

During the course of our audit, we reviewed the adequacy of the disclosures contained within the financial statements and their compliance with both relevant accounting standards and the requirements of the Charities Act 2011. There were no significant matters found during the course of the audit. 

## **Significant difficulties identified during the audit** 

There were no significant difficulties encountered during the course of our audit. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **9. UNCERTAINTIES, RISKS, EXPOSURES, JUDGMENTAL ISSUES AND GOING CONCERN** 

No significant uncertainties or risks were identified during the course of our work. 

## **10. FEES** 

We confirm that the fees charged during the year in respect of services performed for The Jessie Spencer Trust are consistent with those provided in the accounts prepared by Mr J Thompson. 

## **11. INDEPENDENCE** 

In accordance with International Standard on Auditing (UK) 260  'Communication with those charged with governance", there are no changes to the details of relationships between Lemans and The Jessie Spencer Trust. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

## **APPENDIX – LETTER OF REPRESENTATION** 

The Jessie Spencer Trust c/o 4 Walsingham Drive Corby Glen Grantham Lincolnshire NG33 4TA 

Lemans Chartered Accountants 29 Arboretum Street Nottingham NG1 4JA 

Dear Sirs, 

The following representations are made on the basis of enquiries of the administrator and Trustees with relevant knowledge and experience such as we consider necessary in connection with your audit of the Charity’s financial statements for the year ended 5 April 2024.  These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations.  All representations are made to the best of our knowledge and belief. 

## **GENERAL** 

1. We have fulfilled our responsibilities as Trustees as set out in the terms of your engagement letter dated 24 August 2023, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you. 

2. All the transactions undertaken by the Charity have been properly reflected and recorded in the accounting records. 

3. All the accounting records have been made available to you for the purpose of your audit.  We have provided you with unrestricted access to all appropriate persons within the Charity, and with all other records and related information requested. 

4. The financial statements are free of material misstatements, including omissions. 

5. We understand that, under the FRC Ethical Standard, the provision of audit and non-audit services to us by yourselves gives rise to a potential threat to independence. We confirm that you have explained to us the threats and that you have relied on the Provisions Available for Audits of Smaller Entities with regard to the potential self-review threat. 

6. We approve the adjustments made to the financial statements and disclosures therein. 

## **INTERNAL CONTROL AND FRAUD** 

7. We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error.  We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. 

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The Jessie Spencer Trust 

Report to the Trustees 5 April 2024 

8. There are no instances of known or suspected fraud affecting the entity involving management and Trustees who have a significant role in internal control or others that could have a material effect on the financial statements. 

9. There are no allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others. 

## **ASSETS AND LIABILITIES** 

10. The Charity has satisfactory title to all assets and there are no liens or encumbrances on the Charity’s assets. 

11. All actual liabilities have been recorded as appropriate.  There are no contingent liabilities and no guarantees have been given to third parties. 

12. We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements. 

## **ACCOUNTING ESTIMATES** 

13. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. 

## **LEGAL CLAIMS** 

14. There are no claims in connection with litigation that have been or are expected to be received. 

## **LAWS AND REGULATIONS** 

15. There are no known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. 

## **RELATED PARTIES** 

16. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements. 

## **SUBSEQUENT EVENTS** 

17. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. 

## **GOING CONCERN** 

18. We believe that the Charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the Charity's needs.  We also confirm our plans for future action required to enable the Charity to continue as a going concern are feasible.  We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the Charity's ability to continue as a going concern need to be made in the financial statements. 

Yours faithfully 

................................................................... ................................................................... Date 

Signed on behalf of the board of Trustees 

10 

Private and Confidential 



THE JESSIE SPEf4CER TRCST
ANNUAL REPORT
YEAR ENDED 5 APRIL 2024
Charkty No . 219289

THE JESSIE SPENCER TRUST
ANNUAL REPORT
YEAR EP4DED 5 APRIL 2024
CONTENTS
PARTICULARS OF TRUST
EPORT OF 'fHE TRUSTEES
INDEPENDLNT AUDITOR-S REPORT
INCOME ACCOUNT
s'rATEMENT OF FtNANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE ACCOUNTS
10- 11
INVbSTMENTS
12
CHARITABLE GRANTS AND DONATIONS
13-15
PERCEwfAGE YIELDS
16- 17

THE JESSIE SPENCER TRUST
PARTICiiLARS OF TRL'ST
TRUSTEES
Mr D VI Wild
Mr A D R Tiplad>
MrsHALee
Dr S Krishan2nd
Mr P J Ellis
SET'fLOR
The latc Je&sie S￿nCer, OBE
DATE OF DF.ED
26 November 1962
OBJEcrs
The Trustees lo apply incotne (and capital of the Trust
Fund whenever they think fit) for su¢h charitable
purtN)se or purtx)w or in the furtherancc of any such
charitable object or ObJ￿ts as they shall in their
absolute discretioD from time to timc tlvnk fit.
PIiINCIPAL ADDRESS
clo 4 Walsingbam Drive
Corby Glen
Granihwn
Lintolnshire
NG33 4TA
VES'I"MENT MANAGEMENT
Barr￿1 & Cix)ke
i Opie Street
Norwich
NRI 3DW
AUDITORS
Leman5
Chartered Certified Accountsnts
29 ArboTe(um Street
Nottingham
NGI 4JA

THE JESStE SPF.NC.ER TRUST
REPORT OF THE TRUSTEF.S
YF.AR EliDED 4 APRIL 2024
FiMan¢ig1 Statsments
The Tru5t¢es present their report audited financial statements of the Charity for Ihe ycar ended 5
April 2￿4. fft Trusteos have adopied ihe provisions of the Statcmeni of Recommend¢d Practice
(SORP) 'Accounting and lieporting by Charities. in r￿Irtg the annual rewrt and fmancial statcments
of the Charity..
Th¢ financial stdtements have been prepdred in accordanre ￿1th the accounting policies set out in the
notes to th¢ accounts and compl) with the Chatity's governing documenL the Charities Act 2011 Émd
Accounting and Reporting by Chariti&s: Siatemeni of Rccommended Practice applicable to Charities
preparing their ac¢ounls in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019.
Structure Governance and Mallagemettt
The Charity w&8 created by a Trust De￿ dthd 26 NovembeT 1962 which direLts ihat the Trnst Funds
should be used for such chaTitable Purpo￿ as the Truste￿. in their absolute diSLretlo￿ consider fit.
New trustees are appointed by and with the agreemeni of thc continuing Trustees iJJ their absolute
discretion.
Objectives aDd Activities
The sol¢ objective and activity is ihe giving of grants.
The Trl￿s￿es hai'e had due regard to the guidaDc£ wblished by The CliaritTr' Commission on publi¢ tencfit
when reviewing the Charity's aims and objeclii'es and In planning fuiure aetiviries.
Acknievements and PerformgDee
Th¢ income of the TrLLsi during the year amount&J to £140.778 (2023: £1410.353).
During the year the Tnjstccs awarded grdnts to insiituiions and illdividuals amounting to £104,900 (2023..
£129,] iO)- A t.ull breakdowm can be found on pages l) to 15.
Th¢ net assets of the Trust atDounted to £5.378.249 (2023= £5,154295) at the y¢ar end.
Financial Review
The Truslees re5¢rves ￿)I1¢Y is to achievt a 7£ro balance on the income accounL
A trdnsfer of l(P/o of ihe income less ex￿SeS is made from the income to the capitsl tund each year with
a view lo cnsuring Ihal the value of the capiial fund increase5 by more than the level of inflation. Tbi5
policy wa5 introduced by a resolulion of the Trust￿ dated 14 Jwie 1991.
The Trust Deed gives the Trustces the wwer to make investments as they think fit and ai their absolute
discretion.
None ot the Trusttts Teceived any rnnuneration for their service5 or reiTni￿rsern¢rtt of expenses.

THE JESSIE SPENCER TRUST
REPORT OF THE TRUSTEES
YEAR E.*DED 5 APRIL 2024
Risk MaDagemeat
ll)e TNstees have considered the major risks io ivhith the Charity is exposed, h2ve reviewed these risks
and have established $Y￿eMS and Ero¢edures to TnaNage them. The Tisk management Strategy is reviow¢d
ann¥Jally.
Related Partie5
Mr D W Wil(L on¢ of the Trnsttt& is also a ttuslee of Fundays in Nottinghamshi￿. A grant of £5.000
was made during the year l?023 - £5.(M)O).
Responsibilities ofthe members of ¢he Trwlees in relation to tkne financial statements
The Trnstees are responsible for preparing Ihe awiual rerM)n and the financial statements in ac¢ordan¢e
with applicable law and United KiugdoJn AccA)untints Sthndards (United Kingdom Generally Accepted
Accout7ting PractiLYI.
Law applicable to charnies in England and Walcs requires the Tru5tecs to prepare fin8￿cial statements for
each financial year ivhich oive a ￿ and fair viwv of the state of affairs of the Charity and of the
inco]￿Ing resi)urces and appliotion of resource5 of the Charity for (har period. In preparing these
financial statemellÉs. the Tnjslees arerequired to:
select 5uilable accounting rK)licie5 and then apply theED con515tently"
observe the methods and principles in the Chariiies SORP 2019 (FRS 10?}"
make judgements and eSti￿ateS that are re&50nable and prudent;
51ate whether applicable accounling standards have been followed. subject to any material
departures di%losed and explained in ihe financial sratements- and
prepare the Iinancial ￿llteMefits on Éhe goin(F concem b&8is unless it is inappropri8ie io presume
thai the Char￿Y will continue in opwation.
The Trustees are res￿nsible for keeping pro￿ ac¢ountiFtg records that disclose wÈth Teasonable
aecuraey at any time the rjr￿nClal Fosition of the ChariW and enable t￿M to ensure that rhe fiiiancial
staÈement5 comply with the Chartiies Act 2011, the Chariiies {Ac¢ounts and Rcwrts} Regulation$ 2008
and il]e proV￿510n$ of the Trust Deed. They are also responsible for sar￿Uarding the ag*ts of the Charity
and hence for taking tusonable steps for the preventim and detection of fiaud and oiher inEoulariiies.
Thi5 report was approved bv the Tntytees on 8 ' Oc 2
.}LLk',Xd
DWWILD
behalf of the Trustee5

JNDEPENDENT AUDfTOR'S REPORT TO THE TRUSTEES OF THE JE￿1￿ SPENCER
TRDST
Opinion
We have alldiled the financiol statemcnts of The Jessie Spencer Trust for the year ended 5 April 2024. which
comprise the inrome aceount, siatement of financial aciivities. balance sheet and notes 10 the financial stiitements,
including a swnmary of significant accounting p)licio8. The f￿￿ncIal reFM)rting framework that has been applied in
their preparation is applicable law and Uniied Kingdom Accounting Stsndard5, including Financial Reporting
Standard 102 Th¢ Financial Reportinq Standard applicable in the UK and Republic of Ireland {United Kingdo
Generally Accepted Accounting PrdCti¢e).
In our opinion the financial statements-.
give a true and fair view of th¢ state of the Charity's affairs as at 5 April 2024. and of its incoming
resource5 and application of resource& including income and exrenditure for th¢ year then eThded;
have been properly prepared in accordance with United Kingdom Gcnerally Accepted A¢counting Practice;
and
have been prcp8red in accordance with thc requirements of the Ch￿ltieS Act 2011.
Basis for oplnion
We ¢onductcd our aiidil in accordance with Intemaiional Standard5 on Auditino (UK) (ISA5 WK)) and dpplicable
la￿,. Our responsibilities under those standards are further described in the Audiior's r￿ponsIbilitIeS for the audit of
th¢ financial statements section of our report. We are inde￿ndent of the Charity in accordance with th¢ ethical
requirements that are relevanr to our audil of th¢ financial statements in the UK. including the FRC'S Ethical
Standard. and we have tulfilled our other ethÉcal responsibilities in accordance M'ith theK requiretn¢nts. ￿e believe
thai Ihe audit etridence we h&￿t obtdined is sufficient and appropriat¢ to provide a basis for our opinion.
CoDclusions relating to going ¢oncern
In auditing the financia] stsiement& wc have cOncl￿ed that Tn]sÈees' w OF￿ going corK¢m basis of accounling in the
txeFwation of the financiaj ststemcnts is apFTopriate.
B&s¢d on the wod( we have ￿ i*e have not idenufi¢JJ art￿ ma*rial U￿£￿aInti& relainglo events or conditions thaL
individually or colleLtively. may c&si significant (knutrt on Charity's ability to Lontinue a going concern for a period of
least twelve months from wlkn the financial statemenFS alr aUdK}ri￿ for i&sue.
Our reswE]sibiliÉi& and the wnsibtlilies of T￿￿ With TesW to going concan are describ&J in the relcvant
sections ot this report.
Other iDform*tio
The Trustees ar£ Teswnsible for thc other infonnation. The other information comprises the infonnation included in
thc Trustees, anniial report, oth¢r than the. financi￿ slalements and our auditor's ￿port Éhcreon. Our opinion on the
financi￿ stalemcnts d(￿9 not cover the oihcr information and, e.xcepl 10 the e_xrent othenvise expliciily sthted in our
report, do not express any fonn of assurance conclusion thereoll.
Ow tEstK)nsibiiity is lo re&{ the o11￿ infOrm￿lon atml in doing w. covtsider whdher the other infonnation is mkneriajly
iriconsistent Nvith the f￿￿la1 stateTnents or our knowledge olxakn¢)J in tl)e cout* of ts audit or ￿￿erwiSe appea￿ lo
materiallv misstated. If we i(kntity such mat•iai iTKortsis[e￿T￿q or apphgTWIt Tnaterial mis5tatetnent4 we are Nuired to
dctemiine whcther thig gives iise to a marthal missraiement in financial statemenls then￿1Ve1. If, lth on the WQEk we
have Fcrfomiei wc CO￿￿￿ thd( thue is a materiai mi&8ithncnt of this inf(hrn￿tio[¥ we are required ts report that
W¢ have T￿thing to TfFX)rt in this regard.

IF*DEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JESSIE SPENCER
TR￿ST
Matters whicb we are required to report by eiception
We have nothing to rewrt in restttt of the following mailer5 in relation to which the Charities {Accounts and
Reports) Regulations 2(H)8 require to report to you if. in our opinion:
the intormation given in the fiTwKial stafrM￿ts ￿ inwt6isteth in any [T￿la7 Ersp￿t with the Tn￿¢¢5
r￿￿TL or
the Charity niA kern adeqiL* rntingTccAKd&" or
the fllmncial stateM￿ts ate not in ￿$th the accountsn4 ￿)rdS aEMI tEtyrns; or
ve hai'e not receivcd ail the inforniati(HJ a￿1 explanations we Tequire forouraudiL
Responsibiliti£s of *ruste£
As oxplained moEe fulty" in the TrWst￿, re51K￿￿1 ilities sratement set i)ut on page 3, the "fru5tees are respx)n5ible for the
preparation of11￿ financial statements gnd forlKiDg satisfiL¥J that tlTh' gkve a and fair view. and forsuch internJl cortrol
as the Trustees determi￿ is n¢ccssaTr' to a]able the twion of lu)artial ststements that are free from material
MISSts￿nenL Wt*ther (tue to fraud orerjvr.
In prq)arin¥ the financial $12tanents. the Tr￿t￿$ a￿ T¢SP)nsible asse￿ing ￿ Cl￿rity'S ability Io LM)ntinue as a going
conLery disclosin& as aFplicable, m￿t[S related kn going conLern aThl llsing the going toncem Iksis of a¢courting unless
the TrtWeLs cither inte￿1 to liquidate the ChaTity 0￿13150T￿% or have no realistic altcjutive butto do 50.
Auditor's responsibilities for tbe audit of the fin3Dcial statemeDts
We have been apwpinted &8 auditor Emder s¢Ction 145 of the Charities Act 2011 and report in a¢cordance with
gulations made Lmder section 154 of that Aa.
Our objectives are to obtain rfasonable assurance alN)ut whether th¢ financial Suiements as & whole are free from
material misstatement, wh¢ther due lo fraud or etTor. and to issue an auditor s FetN)rt that includes our opinkon.
Reasonable assurnnce is a high level of assurance. but is not a guarantee that an audit conducled in accordance ivith
ISAS (LIK) will always detect a Traterial misstal¢ment when li exists. MI￿tatemen15 ¢an arise fmm fraud or error
and are ¢onsid¢red material if, individually or in the aggregate: thev could reasonably be expected to influence the
economic dccisions olusers taken on the basis of these fuwicial statements.
Irregularities, including fraud, are instances of non-compliance Thith laws and regulations. We design proccdures in
line wilh our r¢sponsibilities, outlined above, to deiecl material misststements reS￿t of irregulariti¢s, including
fraud. Th¢ specitic procedures for this engagement and th¢ extent to which these are capable of detecting
6tregularities, including traud is dtriailcd ￿lOw=
Excrcise prof¢ssional judgment and mainlaxn professional scepticism throughout the planning and
perlormance of the audit
Identify and assess the risks of wnaterial misstatem¢nt of the financial stat¢ments. M,hether due to
fraud or em)r. dtsign and wfom audit pr(ttdures responsive to those risks, and obtaiii audit
evidence that is suifickenl and appropriate to prowide a basis for our opinion;
Obtain an understanding of the internal control rel¢vant to the audit in ordcr to design audit
procedures that are appropriate in the c7￿u￿5tances. but not for the purposc ol expressing an
opinion on the etTectivcness of the Charity"s intertEal control.
Evaluate the appropriatencss of accounting wlicies used and the rcasonableDess of a¢counting
estimates and related dis¢losur¢s made by management.
Make enquiries of management and those charged with governance of any instances of non-
compliance ￿lth laws and ￿gulationS and of any atTh￿l and tx)tentia] litigatton and claims:

IIYDEPENDENT AUDITOR'S REPORT TO THE TRUSTELS OF THE JESSIE SPENCER
TRusr
Review financial ststemeni disclosutes to Sup￿rting documenration to asses5 Cotnpliance wth
applicabl¢ laws and regulations.
B¢cause ol the inhereDi liinitatlons of an audiL theT¢ is a risk thai we will not det&1 all irregularities:
including those leading to i inateri81 missthtement in the financial staterntnts or non-COTnplianee with
regulation. This risk increaseg the morc that cornpliance with a law OT Eegulation is reffloved from the
events and transact10115 IEfleded in the financial siatements. &8 we will less likely to become aware of
in¥ances of non4ompli8nce. The risk is also greaier rewding iTrtgularilies (￿ur[ing due to fixud rather
than error, as fraud involw¢s intentional c4)ncealrnenL for¥ery, collusion, omission or misrepresentslion.
A further description of our resp)fJ5ibilities 15 available on the FRC'S website at..
,'Iiiljl-:L%-T(> This description fornis part of our auditor's
report.
Use of our reporl
This report is made solely to the Clwity's T￿￿tee$, as a txxly.. ITh accordan￿ with Part 4 of th¢ Chariiie5 (Aceounts
and Replirtsl Regulations 2008. (h]r audit work has l*en undertaken so that we Tnight state to ttle Charity-s
Trnstees tliose matter5 we are required to state lo dieni in an auditor s rewrt al￿ for no (Jther PUTPO.8e. To the full
ektcnt pennitted b). law, we do not accept OT assuTne responsibTlity io anyone oiher than the Ch2rity and the
Charity's Twstees as a Ethy. for our audit work. for this re[￿. or for th¢ opinions w¢ have fjorm￿.
nqoK5
20?4
Lemans
Siatutory Auditor
Chartered Cerfified AccountaE]ts and Regiwed Allditors
29 Arboreium Stieet
Nottingham NG14JA
Lempns is eligible to act &8 aJJ auditor in ierms of section 1212 of th¢ C(¥npanies Act 2(M)6.

THE JF..SStE SPENCER TRUST
II%COME ACC.ouwr
YEAR ENJ)ED S APRIL 2024
2024
2023
INCOME FROM:
INVESTMEf4TS
138,003
139,737
GROSS INCOME FROM MONEY OP4 DEPOSIT
NatiOF)al Westminstcr Bank PLC
1.240
521
Barclays Bank Pl.C
95
Barratt & Cooke
lJ35
140,778
140,353
LESS: TRUST EXPEP4SES
Professiona] and adminisirdtive charges
13.919
12.382
Auditor's fees
15.880
BALANCE OF INCOME FOR THE YEAR
123.189
124,473
Transfer lo TTh￿l Capital being Iif/D of Annual Trust
Income in a¢eordance with th¢ resolution of the
Trustees dated 14 June 1991
10.870
112.026
APPROPRIATIONS
Charltsble grants and donations
(Pages 13- 15)
129150
(DEFJCITYSURPLUS FOR THE YEAR
UNAPPROPRIATED (DEFICITYSIIRPLUS
BROUGHT FORWARD
5,970
{17,124)
VNAPPROPRIATED (DEFicrr)
CARRIED FORWARD

THE JESSIE SPF.YCER TRL:ST
STATEMENT OF FIryAliCIAL AC.TIVITIES
YEAR ENDED 5 APIUL 2024
Income
UTurstricted
rund Capital Fund
2024
2024
Tolal
2024
Total
2023
Income from:
Investment incomc
138.003
138,003
139,737
Interesl received
616
Total iTh¢ome
140.T18
140,778
140,353
ExpeTrditllre:
Charitsblc activities
Grants and donations
104.
104,900
129,150
Managern¢nt and admin ot charity
15.880
Total expenditure
122,489
122,489
145,030
Net g&iT)￿{lo￿￿e$) on inv¢stynents
205.665
205.665
{405,091)
Net IDeomeJ(Exptnditurel
18289
205,665
223,954
(409,768)
Transfer between fuDds
et funds
5.970
217,9S4
223.954
(409,768)
Fund balanc¢s brought foTward
3 197948
15429S
5 564.063
Fund balgDces urried fonvard

THE JESSIE SPENCER TRusr
BALANCF. SHEET
5 APRIL 2024
2024
2023
FIXED ASSETS
Listtd inyestsnenis (page 12)
5298.096
4.￿5.910
CURRENT ASSETS
Bank accounts
Prepavments
153.813
251,110
775
CURRENT LIABILITIES
Accrnals- Payable within one year
3.51K)
NET CUKRENT ASSETS
NET ASSETS
248 385
378. L4
FUNDS
CAPITAL FUND (unrestricred}
INCOME FUND {unrestricted)
5.415,9J2
5,197.948
behalf by..
DWWILD
A D R TIPLADY

THI JESSIE SPENC.F.R TRUST
NOTES TO THE .4CCOLIPiTS
YEAR E￿￿ED S APRIL 2024
STATEMENT OF ACCOUNTING POLICIES
CONSTITUTIO
The TTr￿1 is adTY]inistered under the lerms of the Trusi tked.
BASIS OF PRKPARATIOli OF FINANCIAL STATE,MENTS
Basis of preparing the fiDanci21 statements and a&qessment of going coneerD
The Charit) constilutes a public benefit entity as defined by FRSIO2.
The finttncial statements have prepared in accordance ￿1th Accounting and Rewrting by
Charitics: Statement of Recommended Practicc applicable to Chhriries preparing their accounLS in
dLcorddnce with the Finkncial RC￿rting SiJndard applicabl¢ in thc UK and Republic of Ireland
issued in (ktob¢r 2019, th¢ Financia] ReTX)rting Standdid applicable in the tinited Kingdom and
Republic of Ir¢land (FRSIO?}. the Charities Act 2011 and UK Generally Accepted Practice.
rhe financial statements have been prepared to give a 'trne and fair view and hay¢ departed from
rlie Charilies (Accounts and Reports) Regulaiions 2008 only to the extent r￿li[￿d to profvide a -true
and fair view.. This departure has Invol￿e￿ t"ollO￿l￿g the Accounting and Reporting by Charities-
Svdtement of Recornmended Prdcticc applicabl¢ to Charities preparing iheir accounts in accordance
with the Financial Re]K)rting Standard applicable in thc UK 2nd Republic of Ireland issued i
October 2019 rather than the AccoiintiDg and Rep(Trrting bv Cl)arÉtics: Statrment of Recommended
Practice effective froln l April 200) which has since ￿en withdraw￿.
The finanrial statements have been prepared on a gOI￿g concern basis under Ih¢ historical cost
convention. modified to iTkclude certain items at fair valuc. The finallcial stalements yre presented in
sterling ￿.hICh is the functional CUTrenrv of the Charity and Tounded io the nearest tN)un
The Trustees consider that there aye no material unccrtainties alK>ut the Charity's ability io continue
as a going conc¢Tn.
Th¢ significant accounting policies applied in ihe preparntion of these Iinancial %tstemeDts k]re s
out Ixlow. These pilicies have t*en con5isiently IN)plied ¢0 all years presented unl¢ss otherwise
stated.

THE JESSIE SPENCER TRUST
NOTES TO THE ACCOUNTS
YF.AR Ehl>ED 5 APRIL 2024
INCOME
All income is included in ihe stalcment of financial actil'ities when the Charity is lega]ly entit]ed to
the kncome, the aTllOUllt can bc measured reliably and it is probable that thc income wtll be received.
F,XPENDITURE
All expeEMliture is accounted for on an accruals IMsi5. Irrecovelable VAT is chatged as an expense
agatnsÉ the aciivily for which expenditllre arose.
Grants payablc to third parties are within ihe charitable obje£lives. Vthete uncondit10Tu￿ grants
otTere(L this is accrued as soon as ihe recipienl is notified of the grdnl.
INVESTMENTS
Inv￿t￿ellts are initially rcrugDised at C05t subsequendy at fair value (maTket value) at ihe
balance sheet date. The %tatemeni of Finiincial A¢iiNitffi&s includ& the net gains and losses arising
on revaludtions and disposals throughout the )'ear. Eiealised gains and Ioss¢5 on investments are
calculaied as the diiTcrence ktween sales pr(￿eedS and their original cost. Realised and unrealised
investmenl gain5 2nd losses are combined in the Stktemenl of Financial Activities.
Pn)fit on 5a]c of investments is CFdited io the Trust Capital accounL
Fur*DS
Unrestrici¢d funds can be used accordance with the charitable Objectiv￿ ai the
discretion of the Trustees.
General funds repr￿nt thc fund5 of the Chwiry th& are not subject to any restrictions regarding
their use and ar¢ available for application on the general purpose5 ofthe Charity. Funds desi￿ated
for a particular puq)ose bj the Clthrity also UFhrestricted.
CASH AT BANK
The Charity holds suifi¢ient funds in Order io met its short-wm c&sh commitments as they fall due.
CREDrroRS
Cr¢ditors payable in one year are recorded at the transadion price.

THE JESSIE SPF.NC.F.R TRUST
It4VESTMLtIYS
YEAR ENDED 5 APIUL 2024
IP*VESTMENTS lall li￿ed)
Fair
v4]ue
Investments ai 6 April ?023
4.030,782
4.905,910
Addiiions
1.232 497
123? 497
Disposals
055.760
1.102836
Net gain on Tcvaluation
192,i25
Investmcnts at 5 April ?024
4207.519
5228,096
Rcalised gains
Unrealised gains
60.215
145,450
13.140
192,525
Net gains on investments
205.665
205,665
AUDITOR'S REMUNERATIOI¥4
2024
2023
AILdit fee
TRUSTEES, REMUNERATION AI¥D BENEFITS
Ther¢ was no Trustees, remunerntiijn or other iEn¥fits for ihe J'&qr ended 5 April 20*4 nor for the year
ended 5 April 2023. No Trustee rcreived reiJnbursed eX￿[L￿e5 during the yw ended 5 April 2024 nor for
the year ended 5 April .023.
RELATED PARTIES
Mr D W Wild. one of rhe Tn]slee& is (Ilso a truslee of Fundays In Nottinghamshire. A grant of £5,000
was tnade during ihe ye3r12023 - £5.(M)O).
-12-

TIIE JE&SIE SPF.NCER TRUST
CHARITABLE GRAfiTS ASD DO*ATIONS
YEAR EhTED 5 APRIL 2024
Arts
Dr Martin Clarke Young Organ Scholars Trust
Focus on Ytsung People in Bassetiaw
Hothouse Theatre
Koestler Arts
sts￿ in the Community CIC
Total Insighi Theatr¢
500
500
1,000
500
S(N)
500
Total for- Arts
Churcho
Mdn5fi¢ld Road Baplisi Church
Nottingliamshire Historic Churche5 TTUSt
St Mtwy's Church Arnold
St Margaret's Church Aspley
The Parish 01-Nottingham St Peter and All Saints
I,0(
3,0(X)
1.000
(500}
500
Totsl for- Churches
Educatio
Criminon UK
Portland Charity
Speech and Language UK
'l-he Reading List Foundation
1,000
1,000
550
Totsl for- Education
Envirollment
Nottii)gh#m Wildlife Tmst
I,oox)
Total for- EDvir(>nment
ET-Serviees
BliDd Veterans
Combdi SLrtss
RAF Bcnevolent Fund
SSAFA The Armed Forces Charity
Walking Wilh The WoundeA
1,000
1.000
500
1,000
1,000
Total lor- Ex-Service8
MedieaVDisableil
Asthma Kelief
B¢aumoiid House Hosplce Care
British Disabled Anglinq Association
British Epilepsy Association
Children with Cystic Fibn)si5 Drvdm Holidays
Cope Children s Trust (Rainbows Hospice for Children}
Crackerjacks Childrni's Tnjsl
Deafblind UK
Douglas Bader Foundation
Fundays in Nottingham
500
I,ooo
I.ocM)
500
4.500
850
1,000
1,000
5,000
13-

THE JESStE SPENCF.R TRUST
CHARrrABLE GRAjTS AP*D DONATIONS
YEAR ENDF.D S APRIL 2024
Happy Days Children's Charity
Headwav N￿tingharn
Lennc>x Children's Cancer Fund
Lincolnshire and Nottinghamshire Air Ambujance
Listening Book5
Macmillan Cancer SEUX)rt
MACS
MEDF.QUIP4KIDS
1,000
1,000
i.(M)o
500
i.0(￿)
5,OQlO
1.000
1.000
1.000
1.000
5,000
5,(K)O
5,000
1.000
1,000
500
1.000
1,000
I,o(y)
5(X)
1,000
1.000
Motor Nleurone Disease As50ciatio
Newlif¢- The Charity for Disabled Children
Nottinghamshire Deaf Society
Nottinghamshire Hospice
Fqottiii¥hamshire Royal Society for the Blind
Reach Leaming Disability
React
Shin¢
spinal Injuries Association
Spinal Muscular Atrophy UK
Teenage Cancci Trust
The D)'stoDia Society
We51 Aiea Project
Whi72 Kidz
Total for- Medieal l Disabled
Communitv Welfare
A.shfield Home Safet> Project
B Toxiowe Women 5 Project
Bulwell Forest CJarden
Children's Bereavement Centre
Cornwater Evergreens
Cruse Bereavement SupFK>rt Nottinghamshire
Emmanucl House Supw¥rt Cent
FraTnework Housing Association
Friary Drop-in Ltd
500
1,000
I,o(xi
51M)
500
1,000
5,000
500
1,000
1.0
I,O(K)
1,000
500
1,000
1,000
5,000
500
I,(K>O
500
1.000
1.000
1,000
500
1.0
1,0
I,oox)
Improving Lives Notts
Lord"s Tav¢Tners
MHA Communities East Nottinghamshire
Mis B A Hancock
New Bridgc Foundation
Notiingham & Nottinghamshire Refugee Fonmn
Notts County FoundatÈon
Open Homes NottinJo ]am
Royal Voluntary Service
Samaritans
STAA
Siipport through Court
The Friendl) Bench CIC
The NottinghaTll Arimathea TnLSt
The Respite A8sociatioll
The Sick Children's Trust
Totsl for- Welfare
-14-

THE JESSIE SPF.NCER I"RIISJ
CHAtUT ABLE GRAI%TS DONATIONS
YE.4R E%DED 5 APRII. 2024
Groups/Clubs
l., Shttlford & East Brid￿0rd Scout Group
NottIng￿haMShlre Club for Young People
The GuÉde Assoctation NottinghaJnshire Elton
YMCA Robin HIM)d Group
50
1.000
1.000
1.000
Total for- Groutxslclubs
Other
Green s Windtnill Trust
Community Accounting Plus
1.000
I.ooD
Total for- Other
Total
-15-

THW..IESSIE SPEh'CER TRIIST
PERCENTAGE YIELDS
Mark
value of
investments
Gross
income
for
FV
Value
all
sliares
Cost of
InvestTn¢nts
Yield
on cost
/0 Yield
on value
Year
1985
409,170
885.714
51.263
12.53
5.79
4.5)
1986
503,032
1.208,606
53.368
10.61
4.42
4.73
1987
510.580
.341,747
64.792
12.69
4.82
3.47
1988
558,363
1.191.139
71.734
12.85
6.02
4.28
1989
603,737
1,413,883
76.415
12.&5
4.55
1990
745.968
1,444.563
77.993
10.46
5.40
4.85
1991
857,803
1.635,278
93,135
10.87
5.69
4.82
1992
972,086
1.564,402
97.863
10.07
6_26
5.19
1993
1,014.848
1.767,373
98.330
9.69
5.56
4.47
1994
1.048,726
1098.697
91.586
8.73
4.36
3.69
1995
1,171.182
1,931.835
95.287
8.14
4.93
4.32
1996
.180,834
2.168.424
98.822
8.37
4.56
4.05
1997
l J43,514
2.360,495
107,331
4.57
3.69
1.432,953
3,067.804
8.54
2.75
1999
I,563,￿)1
3.093,786
116,690
7.46
3.77
2000
1,590,888
2.955.949
141,185
8.87
4.77
2.11
2001
1,669,991
3.029.115
133.261
7.98
4.39
2.54
21M)2
1.969,786
3.031,456
126.669
6.43
4.18
2.68
2003
2,030.3
2,390,973
127.375
6.ti7
5.33
3.73
2.084,659
2.745,765
130.315
6.25
4.75
3.08
2(KJ5
2,1 i2,630
3,035,915
117.296
5.50
3.86
3.10
2006
2.456,981
3,607.260
137.412
5.59
3.81
2(K)7
2.516.964
3,675.512
134.785
5.36
3.67
2.83

THF. JESSIE SPENCER TRUST
PERCETrTAGE YIELDS
Gr05$
income
FTO/o
Value
all
shares
Cost of
investments
at5A ril
value of
investments
for
/0 Yield
Yo Yield
on value
Year
the
2(K18
2.634,385
3,410.728
142,513
5.41
4.18
3.58
2009
2,368.534
2,492.270
147,549
6.23
4.18
2010
2,672.399
3.)7&623
128,020
4.79
3.79
2.58
2011
2.660,213
3.473,696
123.712
4.65
3.56
2.81
2012
2,820,885
3.554.330
132.663
4.70
3.73
3.80
2013
2.981.361
3.952.274
141.588
4.75
3.58
3.2)
2014
3,127.567
4.036,795
141.543
4.53
3.51
201S
3.166,645
4,086,471
153,665
4.85
3.76
3.43
2016
3.402.748
4.043.553
151,362
4.45
3.74
3.29
2017
3,)74,326
4,5{￿,015
156.218
4.63
3.47
3.16
2018
).561.226
4.390,019
161.156
4.53
3.67
3.30
2019
3.739,508
4,678.634
168.169
4.50
3.59
3.81
2020
3.597.9J3
3.978.209
157,204
4.37
3.95
3.98
3,713,317
4.822,646
2.72
2022
3,903.01)
5,313.159
163,974
4.20
3.09
2023
4_030.782
4.905,910
139,737
3.47
2.85
3.13
2024
4.207,519
5228.096
138.W3
3.28
3.25
-17-

THE JESSIE SPEf4CER TRCST
ANNUAL REPORT
YEAR ENDED 5 APRIL 2024
Charkty No . 219289

THE JESSIE SPENCER TRUST
ANNUAL REPORT
YEAR EP4DED 5 APRIL 2024
CONTENTS
PARTICULARS OF TRUST
EPORT OF 'fHE TRUSTEES
INDEPENDLNT AUDITOR-S REPORT
INCOME ACCOUNT
s'rATEMENT OF FtNANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE ACCOUNTS
10- 11
INVbSTMENTS
12
CHARITABLE GRANTS AND DONATIONS
13-15
PERCEwfAGE YIELDS
16- 17

THE JESSIE SPENCER TRUST
PARTICiiLARS OF TRL'ST
TRUSTEES
Mr D VI Wild
Mr A D R Tiplad>
MrsHALee
Dr S Krishan2nd
Mr P J Ellis
SET'fLOR
The latc Je&sie S￿nCer, OBE
DATE OF DF.ED
26 November 1962
OBJEcrs
The Trustees lo apply incotne (and capital of the Trust
Fund whenever they think fit) for su¢h charitable
purtN)se or purtx)w or in the furtherancc of any such
charitable object or ObJ￿ts as they shall in their
absolute discretioD from time to timc tlvnk fit.
PIiINCIPAL ADDRESS
clo 4 Walsingbam Drive
Corby Glen
Granihwn
Lintolnshire
NG33 4TA
VES'I"MENT MANAGEMENT
Barr￿1 & Cix)ke
i Opie Street
Norwich
NRI 3DW
AUDITORS
Leman5
Chartered Certified Accountsnts
29 ArboTe(um Street
Nottingham
NGI 4JA

THE JESStE SPF.NC.ER TRUST
REPORT OF THE TRUSTEF.S
YF.AR EliDED 4 APRIL 2024
FiMan¢ig1 Statsments
The Tru5t¢es present their report audited financial statements of the Charity for Ihe ycar ended 5
April 2￿4. fft Trusteos have adopied ihe provisions of the Statcmeni of Recommend¢d Practice
(SORP) 'Accounting and lieporting by Charities. in r￿Irtg the annual rewrt and fmancial statcments
of the Charity..
Th¢ financial stdtements have been prepdred in accordanre ￿1th the accounting policies set out in the
notes to th¢ accounts and compl) with the Chatity's governing documenL the Charities Act 2011 Émd
Accounting and Reporting by Chariti&s: Siatemeni of Rccommended Practice applicable to Charities
preparing their ac¢ounls in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019.
Structure Governance and Mallagemettt
The Charity w&8 created by a Trust De￿ dthd 26 NovembeT 1962 which direLts ihat the Trnst Funds
should be used for such chaTitable Purpo￿ as the Truste￿. in their absolute diSLretlo￿ consider fit.
New trustees are appointed by and with the agreemeni of thc continuing Trustees iJJ their absolute
discretion.
Objectives aDd Activities
The sol¢ objective and activity is ihe giving of grants.
The Trl￿s￿es hai'e had due regard to the guidaDc£ wblished by The CliaritTr' Commission on publi¢ tencfit
when reviewing the Charity's aims and objeclii'es and In planning fuiure aetiviries.
Acknievements and PerformgDee
Th¢ income of the TrLLsi during the year amount&J to £140.778 (2023: £1410.353).
During the year the Tnjstccs awarded grdnts to insiituiions and illdividuals amounting to £104,900 (2023..
£129,] iO)- A t.ull breakdowm can be found on pages l) to 15.
Th¢ net assets of the Trust atDounted to £5.378.249 (2023= £5,154295) at the y¢ar end.
Financial Review
The Truslees re5¢rves ￿)I1¢Y is to achievt a 7£ro balance on the income accounL
A trdnsfer of l(P/o of ihe income less ex￿SeS is made from the income to the capitsl tund each year with
a view lo cnsuring Ihal the value of the capiial fund increase5 by more than the level of inflation. Tbi5
policy wa5 introduced by a resolulion of the Trust￿ dated 14 Jwie 1991.
The Trust Deed gives the Trustces the wwer to make investments as they think fit and ai their absolute
discretion.
None ot the Trusttts Teceived any rnnuneration for their service5 or reiTni￿rsern¢rtt of expenses.

THE JESSIE SPENCER TRUST
REPORT OF THE TRUSTEES
YEAR E.*DED 5 APRIL 2024
Risk MaDagemeat
ll)e TNstees have considered the major risks io ivhith the Charity is exposed, h2ve reviewed these risks
and have established $Y￿eMS and Ero¢edures to TnaNage them. The Tisk management Strategy is reviow¢d
ann¥Jally.
Related Partie5
Mr D W Wil(L on¢ of the Trnsttt& is also a ttuslee of Fundays in Nottinghamshi￿. A grant of £5.000
was made during the year l?023 - £5.(M)O).
Responsibilities ofthe members of ¢he Trwlees in relation to tkne financial statements
The Trnstees are responsible for preparing Ihe awiual rerM)n and the financial statements in ac¢ordan¢e
with applicable law and United KiugdoJn AccA)untints Sthndards (United Kingdom Generally Accepted
Accout7ting PractiLYI.
Law applicable to charnies in England and Walcs requires the Tru5tecs to prepare fin8￿cial statements for
each financial year ivhich oive a ￿ and fair viwv of the state of affairs of the Charity and of the
inco]￿Ing resi)urces and appliotion of resource5 of the Charity for (har period. In preparing these
financial statemellÉs. the Tnjslees arerequired to:
select 5uilable accounting rK)licie5 and then apply theED con515tently"
observe the methods and principles in the Chariiies SORP 2019 (FRS 10?}"
make judgements and eSti￿ateS that are re&50nable and prudent;
51ate whether applicable accounling standards have been followed. subject to any material
departures di%losed and explained in ihe financial sratements- and
prepare the Iinancial ￿llteMefits on Éhe goin(F concem b&8is unless it is inappropri8ie io presume
thai the Char￿Y will continue in opwation.
The Trustees are res￿nsible for keeping pro￿ ac¢ountiFtg records that disclose wÈth Teasonable
aecuraey at any time the rjr￿nClal Fosition of the ChariW and enable t￿M to ensure that rhe fiiiancial
staÈement5 comply with the Chartiies Act 2011, the Chariiies {Ac¢ounts and Rcwrts} Regulation$ 2008
and il]e proV￿510n$ of the Trust Deed. They are also responsible for sar￿Uarding the ag*ts of the Charity
and hence for taking tusonable steps for the preventim and detection of fiaud and oiher inEoulariiies.
Thi5 report was approved bv the Tntytees on 8 ' Oc 2
.}LLk',Xd
DWWILD
behalf of the Trustee5

JNDEPENDENT AUDfTOR'S REPORT TO THE TRUSTEES OF THE JE￿1￿ SPENCER
TRDST
Opinion
We have alldiled the financiol statemcnts of The Jessie Spencer Trust for the year ended 5 April 2024. which
comprise the inrome aceount, siatement of financial aciivities. balance sheet and notes 10 the financial stiitements,
including a swnmary of significant accounting p)licio8. The f￿￿ncIal reFM)rting framework that has been applied in
their preparation is applicable law and Uniied Kingdom Accounting Stsndard5, including Financial Reporting
Standard 102 Th¢ Financial Reportinq Standard applicable in the UK and Republic of Ireland {United Kingdo
Generally Accepted Accounting PrdCti¢e).
In our opinion the financial statements-.
give a true and fair view of th¢ state of the Charity's affairs as at 5 April 2024. and of its incoming
resource5 and application of resource& including income and exrenditure for th¢ year then eThded;
have been properly prepared in accordance with United Kingdom Gcnerally Accepted A¢counting Practice;
and
have been prcp8red in accordance with thc requirements of the Ch￿ltieS Act 2011.
Basis for oplnion
We ¢onductcd our aiidil in accordance with Intemaiional Standard5 on Auditino (UK) (ISA5 WK)) and dpplicable
la￿,. Our responsibilities under those standards are further described in the Audiior's r￿ponsIbilitIeS for the audit of
th¢ financial statements section of our report. We are inde￿ndent of the Charity in accordance with th¢ ethical
requirements that are relevanr to our audil of th¢ financial statements in the UK. including the FRC'S Ethical
Standard. and we have tulfilled our other ethÉcal responsibilities in accordance M'ith theK requiretn¢nts. ￿e believe
thai Ihe audit etridence we h&￿t obtdined is sufficient and appropriat¢ to provide a basis for our opinion.
CoDclusions relating to going ¢oncern
In auditing the financia] stsiement& wc have cOncl￿ed that Tn]sÈees' w OF￿ going corK¢m basis of accounling in the
txeFwation of the financiaj ststemcnts is apFTopriate.
B&s¢d on the wod( we have ￿ i*e have not idenufi¢JJ art￿ ma*rial U￿£￿aInti& relainglo events or conditions thaL
individually or colleLtively. may c&si significant (knutrt on Charity's ability to Lontinue a going concern for a period of
least twelve months from wlkn the financial statemenFS alr aUdK}ri￿ for i&sue.
Our reswE]sibiliÉi& and the wnsibtlilies of T￿￿ With TesW to going concan are describ&J in the relcvant
sections ot this report.
Other iDform*tio
The Trustees ar£ Teswnsible for thc other infonnation. The other information comprises the infonnation included in
thc Trustees, anniial report, oth¢r than the. financi￿ slalements and our auditor's ￿port Éhcreon. Our opinion on the
financi￿ stalemcnts d(￿9 not cover the oihcr information and, e.xcepl 10 the e_xrent othenvise expliciily sthted in our
report, do not express any fonn of assurance conclusion thereoll.
Ow tEstK)nsibiiity is lo re&{ the o11￿ infOrm￿lon atml in doing w. covtsider whdher the other infonnation is mkneriajly
iriconsistent Nvith the f￿￿la1 stateTnents or our knowledge olxakn¢)J in tl)e cout* of ts audit or ￿￿erwiSe appea￿ lo
materiallv misstated. If we i(kntity such mat•iai iTKortsis[e￿T￿q or apphgTWIt Tnaterial mis5tatetnent4 we are Nuired to
dctemiine whcther thig gives iise to a marthal missraiement in financial statemenls then￿1Ve1. If, lth on the WQEk we
have Fcrfomiei wc CO￿￿￿ thd( thue is a materiai mi&8ithncnt of this inf(hrn￿tio[¥ we are required ts report that
W¢ have T￿thing to TfFX)rt in this regard.

IF*DEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JESSIE SPENCER
TR￿ST
Matters whicb we are required to report by eiception
We have nothing to rewrt in restttt of the following mailer5 in relation to which the Charities {Accounts and
Reports) Regulations 2(H)8 require to report to you if. in our opinion:
the intormation given in the fiTwKial stafrM￿ts ￿ inwt6isteth in any [T￿la7 Ersp￿t with the Tn￿¢¢5
r￿￿TL or
the Charity niA kern adeqiL* rntingTccAKd&" or
the fllmncial stateM￿ts ate not in ￿$th the accountsn4 ￿)rdS aEMI tEtyrns; or
ve hai'e not receivcd ail the inforniati(HJ a￿1 explanations we Tequire forouraudiL
Responsibiliti£s of *ruste£
As oxplained moEe fulty" in the TrWst￿, re51K￿￿1 ilities sratement set i)ut on page 3, the "fru5tees are respx)n5ible for the
preparation of11￿ financial statements gnd forlKiDg satisfiL¥J that tlTh' gkve a and fair view. and forsuch internJl cortrol
as the Trustees determi￿ is n¢ccssaTr' to a]able the twion of lu)artial ststements that are free from material
MISSts￿nenL Wt*ther (tue to fraud orerjvr.
In prq)arin¥ the financial $12tanents. the Tr￿t￿$ a￿ T¢SP)nsible asse￿ing ￿ Cl￿rity'S ability Io LM)ntinue as a going
conLery disclosin& as aFplicable, m￿t[S related kn going conLern aThl llsing the going toncem Iksis of a¢courting unless
the TrtWeLs cither inte￿1 to liquidate the ChaTity 0￿13150T￿% or have no realistic altcjutive butto do 50.
Auditor's responsibilities for tbe audit of the fin3Dcial statemeDts
We have been apwpinted &8 auditor Emder s¢Ction 145 of the Charities Act 2011 and report in a¢cordance with
gulations made Lmder section 154 of that Aa.
Our objectives are to obtain rfasonable assurance alN)ut whether th¢ financial Suiements as & whole are free from
material misstatement, wh¢ther due lo fraud or etTor. and to issue an auditor s FetN)rt that includes our opinkon.
Reasonable assurnnce is a high level of assurance. but is not a guarantee that an audit conducled in accordance ivith
ISAS (LIK) will always detect a Traterial misstal¢ment when li exists. MI￿tatemen15 ¢an arise fmm fraud or error
and are ¢onsid¢red material if, individually or in the aggregate: thev could reasonably be expected to influence the
economic dccisions olusers taken on the basis of these fuwicial statements.
Irregularities, including fraud, are instances of non-compliance Thith laws and regulations. We design proccdures in
line wilh our r¢sponsibilities, outlined above, to deiecl material misststements reS￿t of irregulariti¢s, including
fraud. Th¢ specitic procedures for this engagement and th¢ extent to which these are capable of detecting
6tregularities, including traud is dtriailcd ￿lOw=
Excrcise prof¢ssional judgment and mainlaxn professional scepticism throughout the planning and
perlormance of the audit
Identify and assess the risks of wnaterial misstatem¢nt of the financial stat¢ments. M,hether due to
fraud or em)r. dtsign and wfom audit pr(ttdures responsive to those risks, and obtaiii audit
evidence that is suifickenl and appropriate to prowide a basis for our opinion;
Obtain an understanding of the internal control rel¢vant to the audit in ordcr to design audit
procedures that are appropriate in the c7￿u￿5tances. but not for the purposc ol expressing an
opinion on the etTectivcness of the Charity"s intertEal control.
Evaluate the appropriatencss of accounting wlicies used and the rcasonableDess of a¢counting
estimates and related dis¢losur¢s made by management.
Make enquiries of management and those charged with governance of any instances of non-
compliance ￿lth laws and ￿gulationS and of any atTh￿l and tx)tentia] litigatton and claims:

IIYDEPENDENT AUDITOR'S REPORT TO THE TRUSTELS OF THE JESSIE SPENCER
TRusr
Review financial ststemeni disclosutes to Sup￿rting documenration to asses5 Cotnpliance wth
applicabl¢ laws and regulations.
B¢cause ol the inhereDi liinitatlons of an audiL theT¢ is a risk thai we will not det&1 all irregularities:
including those leading to i inateri81 missthtement in the financial staterntnts or non-COTnplianee with
regulation. This risk increaseg the morc that cornpliance with a law OT Eegulation is reffloved from the
events and transact10115 IEfleded in the financial siatements. &8 we will less likely to become aware of
in¥ances of non4ompli8nce. The risk is also greaier rewding iTrtgularilies (￿ur[ing due to fixud rather
than error, as fraud involw¢s intentional c4)ncealrnenL for¥ery, collusion, omission or misrepresentslion.
A further description of our resp)fJ5ibilities 15 available on the FRC'S website at..
,'Iiiljl-:L%-T(> This description fornis part of our auditor's
report.
Use of our reporl
This report is made solely to the Clwity's T￿￿tee$, as a txxly.. ITh accordan￿ with Part 4 of th¢ Chariiie5 (Aceounts
and Replirtsl Regulations 2008. (h]r audit work has l*en undertaken so that we Tnight state to ttle Charity-s
Trnstees tliose matter5 we are required to state lo dieni in an auditor s rewrt al￿ for no (Jther PUTPO.8e. To the full
ektcnt pennitted b). law, we do not accept OT assuTne responsibTlity io anyone oiher than the Ch2rity and the
Charity's Twstees as a Ethy. for our audit work. for this re[￿. or for th¢ opinions w¢ have fjorm￿.
nqoK5
20?4
Lemans
Siatutory Auditor
Chartered Cerfified AccountaE]ts and Regiwed Allditors
29 Arboreium Stieet
Nottingham NG14JA
Lempns is eligible to act &8 aJJ auditor in ierms of section 1212 of th¢ C(¥npanies Act 2(M)6.

THE JF..SStE SPENCER TRUST
II%COME ACC.ouwr
YEAR ENJ)ED S APRIL 2024
2024
2023
INCOME FROM:
INVESTMEf4TS
138,003
139,737
GROSS INCOME FROM MONEY OP4 DEPOSIT
NatiOF)al Westminstcr Bank PLC
1.240
521
Barclays Bank Pl.C
95
Barratt & Cooke
lJ35
140,778
140,353
LESS: TRUST EXPEP4SES
Professiona] and adminisirdtive charges
13.919
12.382
Auditor's fees
15.880
BALANCE OF INCOME FOR THE YEAR
123.189
124,473
Transfer lo TTh￿l Capital being Iif/D of Annual Trust
Income in a¢eordance with th¢ resolution of the
Trustees dated 14 June 1991
10.870
112.026
APPROPRIATIONS
Charltsble grants and donations
(Pages 13- 15)
129150
(DEFJCITYSURPLUS FOR THE YEAR
UNAPPROPRIATED (DEFICITYSIIRPLUS
BROUGHT FORWARD
5,970
{17,124)
VNAPPROPRIATED (DEFicrr)
CARRIED FORWARD

THE JESSIE SPF.YCER TRL:ST
STATEMENT OF FIryAliCIAL AC.TIVITIES
YEAR ENDED 5 APIUL 2024
Income
UTurstricted
rund Capital Fund
2024
2024
Tolal
2024
Total
2023
Income from:
Investment incomc
138.003
138,003
139,737
Interesl received
616
Total iTh¢ome
140.T18
140,778
140,353
ExpeTrditllre:
Charitsblc activities
Grants and donations
104.
104,900
129,150
Managern¢nt and admin ot charity
15.880
Total expenditure
122,489
122,489
145,030
Net g&iT)￿{lo￿￿e$) on inv¢stynents
205.665
205.665
{405,091)
Net IDeomeJ(Exptnditurel
18289
205,665
223,954
(409,768)
Transfer between fuDds
et funds
5.970
217,9S4
223.954
(409,768)
Fund balanc¢s brought foTward
3 197948
15429S
5 564.063
Fund balgDces urried fonvard

THE JESSIE SPENCER TRusr
BALANCF. SHEET
5 APRIL 2024
2024
2023
FIXED ASSETS
Listtd inyestsnenis (page 12)
5298.096
4.￿5.910
CURRENT ASSETS
Bank accounts
Prepavments
153.813
251,110
775
CURRENT LIABILITIES
Accrnals- Payable within one year
3.51K)
NET CUKRENT ASSETS
NET ASSETS
248 385
378. L4
FUNDS
CAPITAL FUND (unrestricred}
INCOME FUND {unrestricted)
5.415,9J2
5,197.948
behalf by..
DWWILD
A D R TIPLADY

THI JESSIE SPENC.F.R TRUST
NOTES TO THE .4CCOLIPiTS
YEAR E￿￿ED S APRIL 2024
STATEMENT OF ACCOUNTING POLICIES
CONSTITUTIO
The TTr￿1 is adTY]inistered under the lerms of the Trusi tked.
BASIS OF PRKPARATIOli OF FINANCIAL STATE,MENTS
Basis of preparing the fiDanci21 statements and a&qessment of going coneerD
The Charit) constilutes a public benefit entity as defined by FRSIO2.
The finttncial statements have prepared in accordance ￿1th Accounting and Rewrting by
Charitics: Statement of Recommended Practicc applicable to Chhriries preparing their accounLS in
dLcorddnce with the Finkncial RC￿rting SiJndard applicabl¢ in thc UK and Republic of Ireland
issued in (ktob¢r 2019, th¢ Financia] ReTX)rting Standdid applicable in the tinited Kingdom and
Republic of Ir¢land (FRSIO?}. the Charities Act 2011 and UK Generally Accepted Practice.
rhe financial statements have been prepared to give a 'trne and fair view and hay¢ departed from
rlie Charilies (Accounts and Reports) Regulaiions 2008 only to the extent r￿li[￿d to profvide a -true
and fair view.. This departure has Invol￿e￿ t"ollO￿l￿g the Accounting and Reporting by Charities-
Svdtement of Recornmended Prdcticc applicabl¢ to Charities preparing iheir accounts in accordance
with the Financial Re]K)rting Standard applicable in thc UK 2nd Republic of Ireland issued i
October 2019 rather than the AccoiintiDg and Rep(Trrting bv Cl)arÉtics: Statrment of Recommended
Practice effective froln l April 200) which has since ￿en withdraw￿.
The finanrial statements have been prepared on a gOI￿g concern basis under Ih¢ historical cost
convention. modified to iTkclude certain items at fair valuc. The finallcial stalements yre presented in
sterling ￿.hICh is the functional CUTrenrv of the Charity and Tounded io the nearest tN)un
The Trustees consider that there aye no material unccrtainties alK>ut the Charity's ability io continue
as a going conc¢Tn.
Th¢ significant accounting policies applied in ihe preparntion of these Iinancial %tstemeDts k]re s
out Ixlow. These pilicies have t*en con5isiently IN)plied ¢0 all years presented unl¢ss otherwise
stated.

THE JESSIE SPENCER TRUST
NOTES TO THE ACCOUNTS
YF.AR Ehl>ED 5 APRIL 2024
INCOME
All income is included in ihe stalcment of financial actil'ities when the Charity is lega]ly entit]ed to
the kncome, the aTllOUllt can bc measured reliably and it is probable that thc income wtll be received.
F,XPENDITURE
All expeEMliture is accounted for on an accruals IMsi5. Irrecovelable VAT is chatged as an expense
agatnsÉ the aciivily for which expenditllre arose.
Grants payablc to third parties are within ihe charitable obje£lives. Vthete uncondit10Tu￿ grants
otTere(L this is accrued as soon as ihe recipienl is notified of the grdnl.
INVESTMENTS
Inv￿t￿ellts are initially rcrugDised at C05t subsequendy at fair value (maTket value) at ihe
balance sheet date. The %tatemeni of Finiincial A¢iiNitffi&s includ& the net gains and losses arising
on revaludtions and disposals throughout the )'ear. Eiealised gains and Ioss¢5 on investments are
calculaied as the diiTcrence ktween sales pr(￿eedS and their original cost. Realised and unrealised
investmenl gain5 2nd losses are combined in the Stktemenl of Financial Activities.
Pn)fit on 5a]c of investments is CFdited io the Trust Capital accounL
Fur*DS
Unrestrici¢d funds can be used accordance with the charitable Objectiv￿ ai the
discretion of the Trustees.
General funds repr￿nt thc fund5 of the Chwiry th& are not subject to any restrictions regarding
their use and ar¢ available for application on the general purpose5 ofthe Charity. Funds desi￿ated
for a particular puq)ose bj the Clthrity also UFhrestricted.
CASH AT BANK
The Charity holds suifi¢ient funds in Order io met its short-wm c&sh commitments as they fall due.
CREDrroRS
Cr¢ditors payable in one year are recorded at the transadion price.

THE JESSIE SPF.NC.F.R TRUST
It4VESTMLtIYS
YEAR ENDED 5 APIUL 2024
IP*VESTMENTS lall li￿ed)
Fair
v4]ue
Investments ai 6 April ?023
4.030,782
4.905,910
Addiiions
1.232 497
123? 497
Disposals
055.760
1.102836
Net gain on Tcvaluation
192,i25
Investmcnts at 5 April ?024
4207.519
5228,096
Rcalised gains
Unrealised gains
60.215
145,450
13.140
192,525
Net gains on investments
205.665
205,665
AUDITOR'S REMUNERATIOI¥4
2024
2023
AILdit fee
TRUSTEES, REMUNERATION AI¥D BENEFITS
Ther¢ was no Trustees, remunerntiijn or other iEn¥fits for ihe J'&qr ended 5 April 20*4 nor for the year
ended 5 April 2023. No Trustee rcreived reiJnbursed eX￿[L￿e5 during the yw ended 5 April 2024 nor for
the year ended 5 April .023.
RELATED PARTIES
Mr D W Wild. one of rhe Tn]slee& is (Ilso a truslee of Fundays In Nottinghamshire. A grant of £5,000
was tnade during ihe ye3r12023 - £5.(M)O).
-12-

TIIE JE&SIE SPF.NCER TRUST
CHARITABLE GRAfiTS ASD DO*ATIONS
YEAR EhTED 5 APRIL 2024
Arts
Dr Martin Clarke Young Organ Scholars Trust
Focus on Ytsung People in Bassetiaw
Hothouse Theatre
Koestler Arts
sts￿ in the Community CIC
Total Insighi Theatr¢
500
500
1,000
500
S(N)
500
Total for- Arts
Churcho
Mdn5fi¢ld Road Baplisi Church
Nottingliamshire Historic Churche5 TTUSt
St Mtwy's Church Arnold
St Margaret's Church Aspley
The Parish 01-Nottingham St Peter and All Saints
I,0(
3,0(X)
1.000
(500}
500
Totsl for- Churches
Educatio
Criminon UK
Portland Charity
Speech and Language UK
'l-he Reading List Foundation
1,000
1,000
550
Totsl for- Education
Envirollment
Nottii)gh#m Wildlife Tmst
I,oox)
Total for- EDvir(>nment
ET-Serviees
BliDd Veterans
Combdi SLrtss
RAF Bcnevolent Fund
SSAFA The Armed Forces Charity
Walking Wilh The WoundeA
1,000
1.000
500
1,000
1,000
Total lor- Ex-Service8
MedieaVDisableil
Asthma Kelief
B¢aumoiid House Hosplce Care
British Disabled Anglinq Association
British Epilepsy Association
Children with Cystic Fibn)si5 Drvdm Holidays
Cope Children s Trust (Rainbows Hospice for Children}
Crackerjacks Childrni's Tnjsl
Deafblind UK
Douglas Bader Foundation
Fundays in Nottingham
500
I,ooo
I.ocM)
500
4.500
850
1,000
1,000
5,000
13-

THE JESStE SPENCF.R TRUST
CHARrrABLE GRAjTS AP*D DONATIONS
YEAR ENDF.D S APRIL 2024
Happy Days Children's Charity
Headwav N￿tingharn
Lennc>x Children's Cancer Fund
Lincolnshire and Nottinghamshire Air Ambujance
Listening Book5
Macmillan Cancer SEUX)rt
MACS
MEDF.QUIP4KIDS
1,000
1,000
i.(M)o
500
i.0(￿)
5,OQlO
1.000
1.000
1.000
1.000
5,000
5,(K)O
5,000
1.000
1,000
500
1.000
1,000
I,o(y)
5(X)
1,000
1.000
Motor Nleurone Disease As50ciatio
Newlif¢- The Charity for Disabled Children
Nottinghamshire Deaf Society
Nottinghamshire Hospice
Fqottiii¥hamshire Royal Society for the Blind
Reach Leaming Disability
React
Shin¢
spinal Injuries Association
Spinal Muscular Atrophy UK
Teenage Cancci Trust
The D)'stoDia Society
We51 Aiea Project
Whi72 Kidz
Total for- Medieal l Disabled
Communitv Welfare
A.shfield Home Safet> Project
B Toxiowe Women 5 Project
Bulwell Forest CJarden
Children's Bereavement Centre
Cornwater Evergreens
Cruse Bereavement SupFK>rt Nottinghamshire
Emmanucl House Supw¥rt Cent
FraTnework Housing Association
Friary Drop-in Ltd
500
1,000
I,o(xi
51M)
500
1,000
5,000
500
1,000
1.0
I,O(K)
1,000
500
1,000
1,000
5,000
500
I,(K>O
500
1.000
1.000
1,000
500
1.0
1,0
I,oox)
Improving Lives Notts
Lord"s Tav¢Tners
MHA Communities East Nottinghamshire
Mis B A Hancock
New Bridgc Foundation
Notiingham & Nottinghamshire Refugee Fonmn
Notts County FoundatÈon
Open Homes NottinJo ]am
Royal Voluntary Service
Samaritans
STAA
Siipport through Court
The Friendl) Bench CIC
The NottinghaTll Arimathea TnLSt
The Respite A8sociatioll
The Sick Children's Trust
Totsl for- Welfare
-14-

THE JESSIE SPF.NCER I"RIISJ
CHAtUT ABLE GRAI%TS DONATIONS
YE.4R E%DED 5 APRII. 2024
Groups/Clubs
l., Shttlford & East Brid￿0rd Scout Group
NottIng￿haMShlre Club for Young People
The GuÉde Assoctation NottinghaJnshire Elton
YMCA Robin HIM)d Group
50
1.000
1.000
1.000
Total for- Groutxslclubs
Other
Green s Windtnill Trust
Community Accounting Plus
1.000
I.ooD
Total for- Other
Total
-15-

THW..IESSIE SPEh'CER TRIIST
PERCENTAGE YIELDS
Mark
value of
investments
Gross
income
for
FV
Value
all
sliares
Cost of
InvestTn¢nts
Yield
on cost
/0 Yield
on value
Year
1985
409,170
885.714
51.263
12.53
5.79
4.5)
1986
503,032
1.208,606
53.368
10.61
4.42
4.73
1987
510.580
.341,747
64.792
12.69
4.82
3.47
1988
558,363
1.191.139
71.734
12.85
6.02
4.28
1989
603,737
1,413,883
76.415
12.&5
4.55
1990
745.968
1,444.563
77.993
10.46
5.40
4.85
1991
857,803
1.635,278
93,135
10.87
5.69
4.82
1992
972,086
1.564,402
97.863
10.07
6_26
5.19
1993
1,014.848
1.767,373
98.330
9.69
5.56
4.47
1994
1.048,726
1098.697
91.586
8.73
4.36
3.69
1995
1,171.182
1,931.835
95.287
8.14
4.93
4.32
1996
.180,834
2.168.424
98.822
8.37
4.56
4.05
1997
l J43,514
2.360,495
107,331
4.57
3.69
1.432,953
3,067.804
8.54
2.75
1999
I,563,￿)1
3.093,786
116,690
7.46
3.77
2000
1,590,888
2.955.949
141,185
8.87
4.77
2.11
2001
1,669,991
3.029.115
133.261
7.98
4.39
2.54
21M)2
1.969,786
3.031,456
126.669
6.43
4.18
2.68
2003
2,030.3
2,390,973
127.375
6.ti7
5.33
3.73
2.084,659
2.745,765
130.315
6.25
4.75
3.08
2(KJ5
2,1 i2,630
3,035,915
117.296
5.50
3.86
3.10
2006
2.456,981
3,607.260
137.412
5.59
3.81
2(K)7
2.516.964
3,675.512
134.785
5.36
3.67
2.83

THF. JESSIE SPENCER TRUST
PERCETrTAGE YIELDS
Gr05$
income
FTO/o
Value
all
shares
Cost of
investments
at5A ril
value of
investments
for
/0 Yield
Yo Yield
on value
Year
the
2(K18
2.634,385
3,410.728
142,513
5.41
4.18
3.58
2009
2,368.534
2,492.270
147,549
6.23
4.18
2010
2,672.399
3.)7&623
128,020
4.79
3.79
2.58
2011
2.660,213
3.473,696
123.712
4.65
3.56
2.81
2012
2,820,885
3.554.330
132.663
4.70
3.73
3.80
2013
2.981.361
3.952.274
141.588
4.75
3.58
3.2)
2014
3,127.567
4.036,795
141.543
4.53
3.51
201S
3.166,645
4,086,471
153,665
4.85
3.76
3.43
2016
3.402.748
4.043.553
151,362
4.45
3.74
3.29
2017
3,)74,326
4,5{￿,015
156.218
4.63
3.47
3.16
2018
).561.226
4.390,019
161.156
4.53
3.67
3.30
2019
3.739,508
4,678.634
168.169
4.50
3.59
3.81
2020
3.597.9J3
3.978.209
157,204
4.37
3.95
3.98
3,713,317
4.822,646
2.72
2022
3,903.01)
5,313.159
163,974
4.20
3.09
2023
4_030.782
4.905,910
139,737
3.47
2.85
3.13
2024
4.207,519
5228.096
138.W3
3.28
3.25
-17-