Charity reglstratlon nurnber 229553 (England and Wale51 SIR JEREMIAH COLMAN GIFT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
SIR JEREMIAH COLMAN GIFT TRUST LEGALAND ADMINISTRATIVE INFORMATION Trustees Lady Colman JereMh Michael Powlett Colman Esq Rev Sue Colman Camilla Adènéy Louisa Mulvaney Thomas Colrnan Secretsry Mrs V R Persson Administrator and bookkeeper Mrs V R Persson Charlty number 229553 Independènt examin?r Roseanne Bennett Bsc (Hons) FCA 17 Walkergate Berwith-upon-Tweed Northumberland TD15 10J Bankers Barclays Bank PIC 8 Market Place Basingsloke Hampshire RG21 7LY Soli¢ltors Penningions Manches LLP Da Vinci House Baslng View Basingstoke Hampshire RG21 4EQ Investment advlso Close BTolhers 4th Floor 10 Crown Place London EC2A4FT
SIR JEREMIAH COLMAN GIFT TRUST CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Ba18nce sheet Notes to thè financial statements 8-27
SIR JEREMIAH COLMAN GIFT TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5APRIL 2025 The trustees present their annual report and finanaal stalgments for thè year ended 5ApTiI 2025. The financAal statements have been prepared in acCOrdar wilh the accounting policies sel out in note 1 to the ffinancial statements and cornply with the chatity's trust deed, the CharitiesAct 2011 and"Accounling and Reporting by Charsties." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Finan¢lal Reporting Standard applicabltr in the UK and Republic of Ireland {FRS 102} (effective 1 January 2019}" Objoctlves and a¢tivltl&s ObJectlves and activltles for the public benefit The charity's objects a the advancement of education, moral and social improvement of paople and maintaining Church of England Churches. Such aid will be given lo the providers of 8ducation and relevant Institutions through rnaking grants. The Trustees eonfrm that they have referred to the guidance contained In the Charity Commlssion's general guidance on public benefit when reviewng the Trusl's aims and objectives and in planning fvlure atIeS and setting the grant rnaktng policy for thè year. Potential reapients of grants are identified by Trustaas in areas where ¢t is perceived that public beneffil will be achieved and the opportunity to benefit is not restricted in any way. not least to facilitate the Trustees being able lo follow up the efficacy of the grants made. In 811 other aspects granis are not limited in any way except that the recipients should have a charitable need. Actlvltles and sp8¢lllc objectlves Thè Trustees hold the funds upon Trust to pay al their discfelion irKome and ¢apttal for Charitable purposes. with special regard lo.. AdvanMent of education, literacy and scientific knowledge Moral and so&81 irnprovement of people Maintenance of the Churches ofthe Church of England and grfts and offering lo the Churthes Financial assi51ance to past and present employeeslmembers of Sir Jeremiah Cdman al Gatton Park, J&J Colman Ltd or other Clubs and instltutions associated with Sir Jeremiah Colman. The Trust does not actively fjjnd ralse and seeks lo continue the philanthropic work desired by the Settlor through the careful stewardship of ils exisling resourc8S. Gifts and donations are made to many charities ea¢h year and occaslonally to individuals. The Trustees wefer to support donal¢ons lo Charfties whose work they have researched arKI whith is in accordance with the aims and the obj8Ctives of the Charity for the year. Most of the donations are made on an on-going annual basis, which the Trustees anticipate making bul which are subjed to lunds available. The Trustees respond to new appeals and make extra donations upon revlew of suitsble applications. In addition, there is a further Category of donations to support special charitable projec15 being undertaken over a fixed number ol years and whilst the Trustees intent to continue and support those selected projects if circumstances change the Trustees reservè thè right to cease their support at any time. Donalions are only continued whère the applicant provides 5ufTicienl relevant information to the Trustees and satisfies the Trustees Ihal continuation of funding is in the inlefests of the Charity. Grant maklng policy The Charity has established its grant making policy to achieve ils objectiv&8 for the public benefit lo improve the lives of people suffering from finan{81 hardship. Finanaal circumsiances will be relevant only in determining the amount of the award. Grants are given to Tegislefed charities which the Trustees havè researched and which ihe Trustees know support the public as a whole. Th$ trustees have paid duè regard to guidance issued by the Charity Commission in de¢iding wh818¢tivities the charty should undertake.
SIR JEREMIAH COLMAN GIFT TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Achievements and performance Al their annual meeting, the Trustees consider the levgl of donations that th&y are able to make based upon Ihe lalesl valuation of the trust funds and the likely Income lo be generated in the rrent financial year. The Trustees wish to ensure a sustainable level of donations rèflecting the lolal relLsm of Inme and capital growth. and after providing for inv&slmenl fees and administrative costs. In the year erKled 5th April 21Y25, the dislribulions were 1.64%12024.. 1.81%) of the funds invested. and the yitrld on the funds invested was 2.45QA12024'. 2.35%). The charitable donations made in the year ended 5th April 2025 lotalled £146,87512024'. £163,925), a decrease of £17,050 (2024.. decreasg of £14.6751 from the prevlous year. This is considered to be satisfactory, having regard to the income generated, and the need lo lake a defensiv& view as to Ihe value of the fund, givèn present political and economic instability. An 8nalysis of amounts donated is detsiled in note 6. The Trustees are pleased that the donations bein9 made are being directed to thosè projects that the Trust wlshes to support. The Trustees continue to take an active role in visiting various or9ani5alions to ascertain how the Trust's suppori can make a difference. The Trust also re¢eives letters of thanks and gratittjde. whh further confimi that the Trust and the donalv)ns it is making are beneffiling both society and individuals. The Trustees note that the market value of the capital assets of the Trust $lorxl at £9,150,30512024'. £9,218,816). 8 decrease of 0.74 %12024'. in(xe8se of 1.12%) duiing the year. Financial revlew The Trust receNed income of £222,731 12024.- £217,997) from shar6s and sgrAJrilies quoted on the Stock Exchange and interest earned on cash balances wrth bank 8nd 8lockbTokers. The Trust Incurred expenses totalling £72.169 for the year ended 5th April 2025 12024.. £63,183). Of these expenses £15,838 {2024 £15,135} were charitable support costs comprising all o)sts involmng the publi accountability of the charity and compliance with regulation and good praeti¢e as detailed in note 5. The balance of £56.331 12024.. £48.0481 represents stockbroker management fees. Assels of the Trust cA)mprise investments with a book value of £2,642,07012024., £2,397,315) and a markèt value ol £8.803,723 12024.. £9,047,468) and Cash balances of £357,14712024: £181,913), of whith £152,507 is held in the investrnenl managers caprtal account and included in total investmènts on the Balan% Sheel12024'. £32,772) The End<)wment {Capital) Fund has decreased from £9,080.240 to £8,956.23012024.' increased from £8,986,608 to £9,080.241J)l over the year after re81i5ing gains of £38,97712024 10$5es of £6,(1) on sales of inveslrnenls during the year. unrealised loss of £111,175 (2024.. unrealised gains £119.410) and a fund transfer of £4,519 {2024'. £30,331). The Unrestricted Incoma Fund has an unapplied balance as a151hApril 2025 of £194,075 (2024.. £138.5761. The purpose of the En¢Jowment Fund is to provide future Income for distfibution by Trustees to further the purpose ofthe charity. The Endowment Fund movements ojnsist of capstsl transactions lo reinvest in further in¢om& producing assets of the charity. Investmènt and reserve pollcy 11 Is thè policy of the Charity to dispense all of the income generated from the Charivs investments during the yèar, after taking account of Ihe Charity's investment managernent and govemance s1$. The trustees inlend to sel a consistent level of grant making which will mean that over time, some Capital will bg dispensed. whilst ensurlng over th& same period Ihe Catal value of th& invested funds will increase at le8$1 in line with inflation. At the present time, the Charity has an unappliÈd balance of income as at 5th April 2025 of £194.075 12024.. £138,576). The Trustees consider that this level of reserves will ensure that, in the event of a significant drop in income, or unrealised capital losses on Invested funds, or costs of generating fvnds, grants will continue at a similar level until ¢apital and income generation improves, or consideration can be giv8n to other ways in which additional funds may be raised. This level of resèrves has been maintained throu9hout the year.
SIR JEREMIAH COLMAN GIFT TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 The Iruslee$ have assessed the major risks lo which charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The major risks identified by the Trustees are the volatility of investrnenl returns on the management wrtfolio and the propgr use ol the gifts and donations given by the Charity each year. Plans for luture perfods Plans for the futur¥ The Trustees will continue lo airn to fully distrbi ule the income of the Unreslrided Fund each year and any surplus-"- brought forward whilst maintsining the capital of the fund. The Trustees m8de don81ions of just under £147,()00 last year {2024.'164,0l . The Sir Jeremiah Colrnan Gift Colman GiftTrusl Is 8 lasting testimonial to the generosEty and philanthropic concems of donor, Sir Jerèmiah Colman. By maintaining and imprgving partnerships already in place the Trustees are helping the long term goals of the charitable work they support. Thè Trustees will continue to direct the charity's funds lo gener81 charitable causes which they think fit as laid out in the govemirrfJ trust document. Structure, governance and managemènt Governance The charity is an uninox)rporatèd registered Charity. established by Sir Jeremiah Colman BT under a govèrning Deed of Trust dated 26th June 1920. The Trustees, prinapal office and advisors are as detailed on p8ge 1. Organlsational structure and administration The trustees who served during the year and up lo the dale of signature ofthe fmanclal statements were.. La(ty Colman Jeremiah Michael Powlett Colman Esq Rev Sue Colman Carnilla Adeney Louisa Mulvaney Thomas Colman The Trustees are directed to hold the capital and income of the Tru6t Fund on trust for suth charities and for such ¢h8rllable purposes, as they in their ab$olute dtscfetion think fil. The present complement of Trustees is six. Trustees serve an indefinite term based on their relative experience and contribution to the charity as a whole. The Trustees keep the skill requirements of the Trustee body under review and in the event that a Trustee retires or additional new Trustees are required, the existing Trustees collectively discuss the chang8. There is no fomial induction or Irdining of new Trustees. However, appointment is by nomination and the Trustees r$view the skills of each nominated person to sdeet members with the relevant experience and skills. All Trustees gnie their time freely and no remuneratltsn or expenses were pald durfng the year. On the agreement of all existing Trustees, 8 new Trustee may be Tecruited. The background lo the charity 15 provided lo the prospective new Trustee bèfore appointment and further information is then shared al regular Trustee meetings. This information include5 a biief history of the charity, a copy of the previous year's finanrial statements, a wpy of the previous Tnjslee's Minute5. and ofthe goveming Trust deed. At the Trustees, meeting which usually take place in Juty each year the Trustees agree thè broad strategy and areas of activity for the Charity, including consideration of grant making, investment, ieserve5 and risk man8gernent policie$ and perfomiance. The day lo day administration of grants and Ihe processing and handling of application$ prior lo consideration of the Trustees is deleg8led tts the Secretary and Bookkeeper beNveen Trustees. meetings.
SIR JEREMIAH COLMAN GIFT TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Assisting ltrie Trustees. Mrs Persson acting as Sec¥etary and Administrator r¢cord5 new grant applicaDons meeting the relevant criteria for conslderat(on by the Trustees. Mrs Persson 8150 updates Ihe donation monitorin9 information concEming the suN)ort given to dale. and presents the infomalion lo the Trustees prior to each meeting. The Trust8es r8view their affairs on an on-going ba$i$. Statèment of trustees. respon$ibiliti¢¥ The trustees a responsible for preparing the Twstees. Report and the financial stètements in accordance with applicable law and United Ktngdom Accounting Standards (United Klngdijm Generally Accepted Accounting Prac¢i¢el. The ttu leés. report was ved by the Board of Trustees. Jeremiah Michael Powlett Colman Esq Trusts¢ Date..
SIR JEREMIAH COLMAN GIFT TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SIR JEREMIAH COLMAN GIFT TRUST I report to the ifustees on my examination of the fin¥nGial statements of Sir Jeremiah Colman Gift Trust {the charity) for the year ended 5 April 2025. Rèsponslblllties and basis of r•port As the trustee5 of the charity you are responsible for the preparation of lh$ finanaal statements in accordance with the requirements of the Charitses Act 2011. I rèport in respect of my ex8mination of the charity's financial statements carried out under section 145 of the ChaThties Act 2011. In carrying out my examlnalion I have followed the Directions given by the Charity Commission under sedlon 14515llbl of the Charities Act 2011. Independent 0mIneS statement I have completed my examination. l that no matters have come to my attentson in connection with the examination giving me cause to believe that in any material fésp6Ct'. accounting records were r1 kept in rtsspect of the charity as required by section 130 of the ChariliesAct 2011. the financial stslements do not accord with those records., or the financial statements do not comply with the applicable requlrements concerning the forni and content of financjal sl8lements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirernent that the finanaal statements give a true and fair view, which is not a matter nsided as part of on independent examination. I hav• no other concems and have me a¢ross no other matters in connedion with the examination to which attention should be drawn in this ieport in ordar lo enable a proper understanding ol ihe financjal slalernents lo te reachgd. Roseanne 8ennett Bsc (Honsl FCA 17 Walkergate Betwick-uporFTweed Northumberfand TD15 1DJ Date..
SIR JEREMIAH COLMAN GIFT TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 Unrestrlctgd Endowment funds funds 2025 2025 Total Unr•strict•d Endowment funds fvnd¥ 2024 2024 Total 2025 2024 NoteB Income from: Investments 222,731 222,731 217,997 217.997 Total ineome 222.731 222.731 217.997 217,997 Expendlture on: Raising funds Charitable aclfivllies 56.331 56,331 162.713 48.048 48,048 179.060 162.713 179,060 Total expenditure 162,713 58.331 219,044 179.060 48,048 227.108 Nèl gainslllosses) on investments 172,198) 172.1981 111,349 111.349 Not Incom•llèxp¢nditurel 60,018 1128,529) 188,5111 38,937 63,301 102.238 Transfers befvrten funds 14,5191 4.519 {30.3311 30.331 Net movement Sn funds 55,499 1124.0101 168,5111 8.806 93.632 102,238 Reconciliation of funds: Fund balanS at 6April 2024 138,576 9.080,240 9.218,816 129,970 8,986,608 9.116.578 Fund balances at S Aprll 2025 194,075 8.956,230 9.150,305 138,576 9.080,240 9,218,816 The $lalemenl of financial actNities indudes all gains and losses reco9nised in the year. All income and expenditure derive from continuing activrfie$.
SIR JEREMIAH COLMAN GIFT TRUST BALANCE SHEET AS AT 5APRIL 2025 2025 2024 Notes Flxèd assets Investments 11 8,956,230 9,080,240 Current assets Cash at bank and in hand 204,640 149,141 Creditors: amounts falling due within yèar 13 110,565} 110.5651 Net current a55ets 194,075 138,576 Totsl assets less current liabilltttts 9.150.305 9.218,816 Capital funds Endowment funds- gener81 Income funds Unrestricted funds 14 8.956,230 9.080,240 194.075 138,576 9,150.305 9.218,816 The financi81 stateme re approved by the Trustees on ... iah Mlchael Powlett Colman Esq Trustee
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accounting policies Charity infomiation The Sir Jeremiah Colman Gift Trust 15 an unincorporated ch31ty fygi8tered wth the Charity ComnNsslon In England and Wales. wth registration number 229553. 1.1 Accountlng eonventi¢Jn The financial statements have been prepared in accordancg with the chaTty's governing Deed of Trust dated 26th June 1920, the Charities Act 2011 and 'Accounling and Reporting by Charitia$'. Stalemgnl of Recommended Practlce applicable to charities preparing their accounts in accordance with the Finanrial Reporting Statyjaid applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191". Th charity is a Publi¢ Benefrt Enlty as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for charities applyln9 FRS 102 Update Bulletin 1 not to prepare a Slalement of Cash Flows. The financial statements are prep8red in sterling, which is the fundiOn cUencY of the charity. Monètary amounts in these financial statements are rounded to ihe nearest £. The financral statements have been prepared under the historical cost conventiot). modtfied to indud8 the revaluation of c8rtain financial instruments at fair value. The principal aco)unting policies adopled a sel out below. 1.2 Going concern At the t1 of approving the financial stalemenls. the trustees ho a reasonable expectation that the cha has adequate reSoUrS to continue in operational existence lor the foreseeable future. Thus the trustees ontinue lo adopt the going concem basis of accL)untsng in preparing the f8¢181 statements. 1.3 Charitable funds Unrestricted funds are availat4e for use at the th"scretion of the trustees in fLtherancè of their ¢haritable objectives. Re8tri¢Aed funds are subject to $pe¢ifi¢ conditions by donors or 9rantors as lo how they may be used. The purposes and uses of the rgStriLtsd funds are sel out in the notes tr) the financial statements. Endowment lunds are subject to ScIfiC ¢ondf(ions by donors that the capit81 musl be maintained by the charty. 1A Incomè Incorne is recognised when the charity is legally entitled to it after any perfomiance conditions have been mèl, the amounts can be measured reliably, and il is probable th8t income will be recewed. Ineome from listed Invesknents Dividends and interest from listed invèstments are credited to the statemènt of finanoal activities when they are le1vable by the charity. Interest Bank interest is ¢yedlle(I lo the 8tstement of financial athvities when it is recewable by the charity.
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2025 A¢¢ounting policies Icontlnuedl 1.5 Expenditur8 Expenditure is included in the statsmenl of finandal actimlies when inujrred and indudes attributable VAT which ¢annot be recovered. The ¢osl of raising funds comprise those ovsls directly attiibulable lo managing the charity's investsnent portfolio and raising investment income. Charitable activities ¢omprisè donations payable in the PUTsuance of the objective5 of the Gharity and in meeting the c£Jsts of adrninistering Ihe donatioft programme. Donations payable are charged in the year when the offer is conveyed to the reupienl ex¢epl In those cases where the offer is conditional, such donations belng recognised as expenditure when the condition5 attached to them are fulfilled. Donations offered subject lo conditions which have not been mot al the year end, are noted as commitments but not arUed as expenditure in the accLJunts. In addition charitable activities ¢omwsè support costs which are necEssary for compliance with statutory requirements. 1.6 Fixed asset investments Fixéd asset investments are initially measured at transaction price excluding transadion costs, and are subsequently measured at fair value 81 each reptsrtlng date. Changes in fair value are recognised in net incomellexpenditurel for the year. Transaction costs ar& èxpensed as incJJrred. 1.7 Cash and cash equivalents Cash and cash equiVarnt$ indude cash n) hand. deposits held al call with banks, othèr short-tem liquid investments with origin81 malurflies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in currènt liabilits. 8a$l¢ Ilnanclal assets Basic finanaal assets, whith include debtors and cash and bank balances, are inilialty Thasured al transaction price including tran58ditsn Costs and are subsequently carried at arnortised c031 using the effective interest method unless the arrangement constitutes a financing Iransaclion, where the Iran58ction is measured at the present value ot th? future r8C8iPts discounted at a market rate of interest. Financial assets classffied as receNable within one year are not amortised. Baslc finanGialliabffliti•s Basic financial liabilities, induding creditors and bank loans ale initially racognised at transaction price unless the arrangement constitutes a ffinanring transaction, where the debt instrument is measuTed at the present value of the future payments discounted at a market rale of interest. Financial liabillties classified as payable within one yéar are not amortised. Debt instrurnents are sub$$quently carried at amorbsed o)st, using the effective intere51 rale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operats'ons from suppliers. Amounts payabl8 are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-¢urrenl liabilities. Trade credilors are recognised initially at trans8dion Price and subsequently measured al amortised Cost u$lng the effectN& interest method. Derecognition of financlal Ilabllltles Financial liabilities are derecognised when the charity's ¢onlra¢tual obllgatlons explre or gre discharged or cancelled.
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2025 Accountlng poliei (Continued) 1.8 Employet benefits The cost of any unused holiday entitlement is recognised in the period in which Ihg gmployee'8 services are received. Temiination benefits are recognised immadl81e as an expense when Ihg charity is demonstrably CoMmed to tèmine the employment of an empjoyee orto provide termination benefits. Critical accounting estimate¥ and judgements In the applution of the eharity's accounting poliaes, thè truslees are TequiTed to m8kejudgement$, eslirnales and assumptions about the carrying amount of assets and liabilities that are not iÈadily apparent from other sources. Th& eslrrnales and associated assumptions are based on historiil ex[le and other factors that are considered to be relevant. Actual resuks may differ from these estimatès. The estirnatÈs and underfying assumptions are reviewed on an ongolTrJ ba818. Revisions to accouThting estimates are recognised in the period in which the estimate is revised where the revision affects only that pèriod, or in the period of the revision and future periods where the revi8ion aiyects both current and futu periods. Income from investments Unrestrietèd Unre¥tricted funds funds 2025 2024 other income Interest r1Vable 219,538 3,193 213,580 4,417 222.731 217,997 Ral$lng funds Endowment Endowment funds funds gèneral general 2025 2024 Invgstmenl management 58,331 48,048 56.331 48.048 10-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Charitable activitie¥ 2025 2024 staff costs Annual donations New appeals Long term dOnatS Acwuntsncy Independent Examination Sundry expenses 5,460 70,075 5,750 71,050 8,660 1,300 418 5,304 93,550 26,225 44,150 8,180 1,300 351 Note 6 Note 6 Note 6 162,713 179,060 Donatians by type Annual Donat5on8 2025 2024 Age Concern Hampshire Basingstoke Mencap Service5 Bible Soaety Calibre Canine Partner5 Friends of the Family Hampshire Medical Fund Hampton Trust Hants Naiional Singing now Youth Artist Fund HIWCF Home for Good JunTpèrTree Breaks Kingfisher Day Cenlre Loddon School Lord M8yorTreloar School Mary Hare Mercy Ships Moorfietds Eye Hospital Motiv8 National Trust New Foundations Newbury Spnng Festival No Limit Help Oakley PCC Orchid So¢ièty of Great Britain Perennial Resurgo Trust ISpèar} Royal Alexandra and Albert S¢hool Royal Horticultural Society 88bastian's Action Trust See Ability Skinnerf5 A¢ademy 1,500 5,000 2,000 1,000 1,500 1,000 1.500 5,0 2,0 1,000 1.500 1.000 1.500 1,000 2,000 1,000 1,000 2.000 1.QOO 1.1]00 1,WO 1.000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1.500 1,OQKI 1,000 1,000 1,250 1,000 1.500 1.250 1,500 1,000 1,500 2,500 1,000 5,000 1,5(Y) 2,5(H) 1,000 6,000 1,000 2,500 1,000 2.500 1.000
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Donations by type Icontinuedl Spinal InjuriesAssoaation Sl Michael's Hospice The Anvil Tru51 TheArt Fund Trinity Wnthester nche8ler Beacon nchester Go LD nchester Slreet Reach Woolf Institute Youth for Christ Other donations Ile$$ than £1.0001 1.000 2,000 1,000 1,000 2,000 1.000 2,000 1,000 2,000 1,000 1.000 1.000 1.000 1.250 1,000 41.550 15.325 70.075 93.550 b) New appeals 2025 2024 SIAndrevls Church Hurstbourne Prior Berttie'$ Helpers BRF Anna Chaplairw Disability Challenge JuniperTree Breaks Mary Hare New Foundations No Limites Help SASRA SeeAkn"Ity Stockuoss School lfvhilchurch Conservation Group Other donations (less Ihan £1.0001 1,OQKI 1.000 2,000 1,145 1,180 1,750 5,750 26,225 12-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR ENDED 5 APRIL 2025 Donati<ms by type {Contlnuedl Long temi donations 2025 2024 Alpha International ARocha UK Centre for Peaceful Solutions Footprints Proied Future Skills Future Trees Hope for the Future Hunt Staff Bursary Scheme Judd Sehotsl Kintsugi Hope Moorfields Eye Hospttal Revelation Trust Revitalise 250 Royal Botanical Gardens Scherzo Ensemble Sebastian's Aclion Trust StAndrew's Livesey Step by Slep Partnership Ltd Tall Ships Youth Trust Trinity Wlnchesler Winchester Beacon Winchester Hospice Winchester Youth Councelling XLP YMCA Fairth¢)rne Group Other Long Term Donation Qess than £1,000) 5,000 5,000 2,500 1,500 5.000 1.000 1,500 1,000 15,000 1,000 2,500 2,500 5,000 5.000 1.000 s.000 1.500 1.000 1.500 1.000 15.000 1.000 2.500 2.500 1.000 3,300 5,000 1.000 1,500 3,400 1,500 1,000 1,000 1,orx) 1,2SO 1,5 5CKI 1.0 1.000 1,250 1,500 1,000 71,050 44,150 Trustees None of the Irusl885 {or any persons connected with them) receNed any remuneralK)n or benefits frL*n the charity during the year. Employegs The average monthly number of employees during the year was.. 2025 NuMr 2024 Numb•r Total 13-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2025 Employees (Continuedl Employrnent costs 2025 2024 dges and salaries 5.460 5.304 Gain$ and losses on Inv•stsnents Endoswnent Endowment funds tunds 2025 2024 Gainslllossesl arising on.. Revaluatitin of investments sa of investmants (111,1751 38.977 119,410 {8,C611 172,1981 111,349 10 Taxatlon The charity bs exempl from taxation on its a¢tivilies because all Its Income Is applied for charitable purposes. 11 Fix•d as¥et investments Usted Investments Cash in portfolio Total Cost Or valuatlon Al 6 April 2024 Additions Valuation changes Management fees Disp05als 9.047,468 810,581 {67,679} 32,772 1810,5811 9,080,240 {67.6791 {56,3311 (56,3311 986.647 1986,64T) At 5 April 2025 8,803.723 152.507 8.956.230 Carrylng amount At 05 April 2025 8,803.723 1S2.507 8,958,230 At 05 April 2024 9,047,468 32,772 9.080.240 14-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 11 Flxgd asset invèstments Icontinuedl Thè invesbnenls included above. all ofwhid) were listed on a reco9nised stock exchange comprise.. 2025 2024 United Kingdom investrnents Overseas investments 4.27,032 4.176,691 4.S57.1e4 4.490,294 8.803,723 9.047,458 The following holding$ represent more than 5% eath of the lolal market value of I investments Market Value Reckirt Benckiser Group PIC Findlay Park US Srnaller Gos 1.867,02S 652,754 21 15-
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SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 12 Flnanclal In$truments 2025 2024 C#rrying amount of finanel41 assets Instruments rneasured at fair value through profil OT Ioss 8,803,723 9.047,468 13 Creditors.. amounts falling due wlthSn onè year 2025 2024 Accountancy fee Independerit examiners fees Secretarial salary 7,900 1.300 1.365 1.300 1,365 10,56S 10.565 14 Endowm•nt funds Income arising on the endowment funds can be used in accordancè wth the objects of the charity and is included as unrestricled income. Any capital gains or losses arising on the assets form part of the fund. At6 Aprfl 2024 Resaureès exnd¢d Tran¥fers Galns and lossèg At 5 April 2025 P¢mianent endowments 9.080.240 156,331) 4.519 172,198} 8,956230 Previous year: At 6 April 2023 R•$ources •xpended Transfers Galns #nd Ios5èS At 5 April 2024 Permanent endowmènts 8,986,608 (48,0481 30,331 111.349 9.080.240 Tho £4.519 {2024- £30,331) transfer from the unrestricted fvnd to Ihe endowment fund has been carried out in derlo re-align the endowment fund with the actual present value of assets that il represents. 15 Analy¥i¥ of net assets b•tw••n fund¥ Unrestrleted Endovnnent funds funds 2025 2025 Total 2025 At 5 Aprll 202S: Investments Current a$$eWlliabilitiesl 8,956,230 8.9S8,230 194,075 194.075 194,075 8,956,230 9.150.305 -26-
SIR JEREMIAH COLMAN GIFT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 15 Analysls of net a8$ets betOn fvnd$ Icontinuèdl Unrestricted Endovrnent fund fuftds 2024 2024 Total 2024 At 5 April 2024: Investments Current assetsllliabilibesl 9,080,240 9.080.240 138,576 138,576 138,576 9,080,240 9,218.816 16 Related paty transactions Mrs V R Persson reCved a salary of £5.46012024 - £5,304) a5 the charity bookkeeper. Mrs Persson is the daughter of Lady Colman who Is 8 trustee of the charity. -27-
SIR JEREMIAH COLMAN GIFT TRUST DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 Invesbnent incomè Interest received Income from listed investments 3.193 219.538 4.417 213,580 222,731 217.997 Total incoming resour Resources ex ended 222.731 217.997 Costs of generatlng funds Investmènt management costs Investment management Costs {56.3311 148,0481 Charltsble aetivitie¥ Secretarial Salary Annual donations New appeals Long terni donations Accountancy fees Independent examinations fee$ Sundry expenses 5.460 70,075 5,750 71.050 8,660 1.3LX) 418 5,304 93,550 26,225 44,150 8,180 1,300 351 1162,713} 1179.060) Net movement on investments Revaluation of inveslments Gain or loss on sale of investments {111.17¥ 38.977 119,410 {8.0611 172,1981 111,349 {DeficitySurplus for thè Y•ar 168,S111 102.238 28-