Charfty regSstrallon number.. 256637 THE JENOUR FOUNDATION TRUSTEES. REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2026 HSJ Accountants Ltd Severn House Hazell Drive Newport NPIO 8FY
The Jenour Foundation Contents Page Trustees, Report Independent Examlner's Keport Statèment of Flnanclal Acuvltles Staternent of Flnanclal Position Notes to the Flnanclal Statements 7-13 The followlng pages do not form part of the statutory account5.. Detalled Statement of Financlal Actlviues 14
The Jenour Foundatlon Trustees. Report For The Year Ended 5 Aprll 2026 The tru5tee5 present thelr report and the flnanclal statements for the year ended S Aprll 2026. ObJectlvo$ and AvItIeS Alms and ObJectlve8 The flnanclal statements have been prepared In accordance wlth the accountlng pollcl&s set out In note I to the flnanclal statements and comply wlth the charlty's govemlng document, the CharltSe5 Act 2011 and Accountlng and Reportlng by Charltles.. Statement of Recommended Pracll¢e appIlble to ¢harStles preparlng their accoullts in accordance wlth the Flnaiiclal Repothng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 {effective L January 20191.. The Charltable Trust was establlshed by Slr AMC Jenour Ideceasedl Sn a Settlement Deed dated 8 March 1968 under the law of England and Wales. The Foundatlon Is reglstered with the Chadty Commlsslon, regi5tratlon number 256637. The prlnclpal objectives of the Foundation are to make donations to such charitable institutions or authorltles In such manner as the Irustees may in thelr absolute dlscretlon thlnk flt. Procedures and policy for donatlons The trustees request wrltten appllcatlons are submitted to the registered office. Preference Is glven to charitie5 worklng In Wales. The trustees wlll award dOnaon$ to capltal projects and also towards ordlnary charltable purposes. The majorlty of donatlon5 are made annually in February, but correspondence is not entered into unless It lateS to donatlons that the Foundation has agreed to tnake. The trustee5 have paid due regard to guldance Issued by the Charlty Cornmlssion in deeiding what actlvltles the charity should undertake. Strurturei govarnanee and management The charlty Is an unlncorporated charlty fomied under a trust deed dated 8 March 1968. The trustees, who served throughout the year, iheir adv150rs and legal statu5 are 5ummarlsed on page 2 of these accounts. Were there a r&qulrement for new trustees, these would be identlfled and appolnted by the remainlng trustees. The chalr of trustses Is responslble for the Inductlon of any new trustee whlch Snvolves awèreness of tru5lees' responslbilltles, the governlng documents, adrnlnlstt3tlve procedures, the history and phllosophlcal approach of the charity. A new trustee would recelve copies of the prevlous year's annual report and accounts and a copy of the Charlty Comtnlsslon leaflet 'The Essenual Trustee.. What you ne6d to know Achlevements and Performance Maln Achlevements The Foundatlon dIstbled a total of E137,150 during the year12025 - £139,554). Flnancl•l Revlew Financlal Posltlon There wa5 a pasltlv£ net movement In funds for the year of E753,16612025 - negatlve net movement in funds £214,739). Excludlno galns12025 - 1ts5sesl on revaluatlon and dlsposal ol Investtnent a55ets net outgoing resources amounted to É21,857 (2025 - £45,0091. The balance of unrestrlrted funds at the year end amounted to £5,329,017 (2025 £4,575,851). The Foundation continued to derlve Its Income from Investlng In quoted share5 and securities. The value of Investments under management was £5,309,875 at 5 Aprll 2026 12025 - £4,566,806). The trustee5 undertake a moderate risk Investment policy,. investment performance Is regularly fftvlewed and Investment deci5ion5 are subject to t.he trustee5 prlor agreed approval. The trustees operate a slngle unre5trlcted fund that Is represented by the market value of Investments and net cash deposits required to generate resources from whlch charStsble donatlons are made, The capltal base of Investments Is used to generate Income for dlstrlbuuon on an annual basls. The trustees annually revSew the risks that the Charity laces. To date these have m31nly related lo Investrnent5 and these have been addressed by dlverslfied portrollo management. The trustees are aware of the rlsks of fraudulent applicaOn5 belng recelved and COnnve thelr vlgilance in a55e5sing appeals. Pl8rt$ for future perlod$ The trustees Intend to contlnue provldln9 donaljons In a slmllar way to the rent past, retalnlng flexlblllty as to the tlmlng, and scale of donations made. Page L
The Jenour Foundation Trustees. Report (contsnued) For The Year Ended 5 Aprll 2026 Refèrtnce and Admlnlstratlve Detalls Trustéés MrJLZornb Ms G Hooper Mr C J Davles - Chalr Chorlty Number 256637 Principal Address H51 Accountsnts Severn house Hazel Ddve Newport NPIO 8FY Independent Examlner HSJ Accountants Ltd Severn House Hazel Drlve Newport NPIO SFY Trust Prln¢lp•l Offlce HSJ Accountants Severn House hazel Drive NPIO 8FY Aceountsnts HSJ Accountants Severn House azel Drlve NPLO 8FY Bankers arclay5 Bank plc Lelcester LE87 2BB Stockbrokers Rathbones 10 Queen Square BSI 4NT Legal Status Trust Deed dated 8 March 1968 Page 2
The Jenour Foundation Trustees, Report (continued} For The Year Ended 5 Aprll 2026 The Iwstees, report was approved by the board of trustees and slgned on Its behalf by.. Mr C J Davles Tmstee 10 July 2026 Page 3
The Jenour Foundation Independent Examlner's Report to the Trustees of The Jenour Foundation For The Year Ended 5 April 2026 I report to the trustees on my examlnation of the accounts of The Jenour Foundatlon (the Trust) lor the year ended 5 April 2026. Responsibllltles Jnd Basis of Report As the charfty trustees of the Trust you are responslble for the preparadon of the accounts In accordance with tho requlrements of the Chai'ltle5 Act 2011 1.the Act'l. I report In respect of my examSllatlon of the Trust's accounts carried out under section 145 of the 2011 Act and In carrying out my examination, I have followed the appllcable Dirertlons glven by the Charlty Commlsslon under sectyon 145{5){bl tsf the Act. Independont Exthmlner's Statement I have completed my examination. I confim that no matertal Matters have come to my attentyon In connection wlth the examlnaUon glvlng me cause tD belleve that In any materlal respect.. l. accountlng records were not kept In respect of the Trust as requlred by section 130 of the Act,. or 2. the accounts do not accord wlth those records,. or 3. the accounts do nol comply with the applieable reoulrements concernlng the form and contents of accounts set out in the Charlties (Accounts and Reports) Regulatlon5 2008 other than any requirement that the accounts give a 'true and falr view, whlch Is not a matter consldered as part of an Independent exarnlnatlon. I have no concerns and have come 3cross no other matters In connectlon wlth the examinatlon to whlch artention shoukl be drawn in thls report In order to enable a proper understanding of the accounts to be reached, Date i Severn Ho Hazel Drive Newport NPIO 8FY se Page 4
The Jenour Foundation Statement of Flnanclal Actlvltles For The Year Ended 5 Aprll 2026 2026 2025 Unrestrlcted Unrestricted funds funds Notr$ INCOME AND ENDOWMENTS FROM: Investment5 153,696 137,520 EXPENDITURE ON: Ralsing funds Charltable actlvltles.. Grant fundlng of aCvItIeS Share of govemance costs (32,5181 (34.411) 1137,1501 15,8851 (139,5441 (8,5741 1175,5531 (182,5291 NET EXPENDITURE BEFORE INVESTMENT LOSSES Net galns on Investments 121,8571 40,074 (45,0091 77,897 NET EXPENDXTURE 18,217 32,888 Gainslllosses) on revaluatlon of fixed assets 734,949 1247,6271 NET MOVEMENT IN FUNDS 753,166 1214,7391 RECONCILXATION OF FUNDS: Total funds brought forward ' 4,575,851 4,790,590 TOTAL FUNDS CARRIED FORWARD li 5,329,017 4,575,851 The notes on pages 7 to 13 form part of these flnanclal statements. Page 5
The Jenour Foundatlon statement of Financlal Position As At 5 April 2026 2026 2025 Unrestrlcted funds Total funds Noteg FIXED AssErs Investments 5,309,875 4,566,806 5,309,875 4,566,806 CURRENT ASSETS ash at bank and In hand 32,174 29,065 32,174 29,065 Crèdltors: Amounts Falllng t>ue Wlthln One Year io (13,032} 120,0201 NET CURRENT ASSETS (LIABILITIES) 19,142 9,045 TOTAL ASSETS LESS CURRENT LIABILrriES 5,329,017 4,575,851 NET ASSETS 5,329,017 4,575,851 FUNDS OF THE CHARITY Unrestrlcted Funds 5,329,OL7 4,575,851 TOTAL FUNDS li 5,329,017 4,575,851 On behalf of the board Mr C J Davles Trustee 10 July 2026 The nutes on pages 7 to 13 form part of these flnancial Statements. Page 6
The Jenour Foundation Notes to the Financial Statements For The Year Ended 5 Aprll 2026 l. General Informatlon The Jenour Fovndatlon Is an unlncorporated charlty reg15tered with the Charlty Commlsslon, registered charlty number 256637. The prlnclpal address Ss HSJ Accountants, Severn house, Hazel Drlve, NewporL NPIO 8FY, 2. A¢¢ountlng Pollcles 2.1. Bas15 of Preparatlon of Mnanclal Ststements Accountln9 conventlon The flnanclal statements have been prepared In accortlance wlth the charlty's governing document, the Charltles Art 2011 and Accounting and Reportlng by Charlties.. Statement of Recommended Pctice applicoble to charitles preparlng thelr accounts In accordance wllh the Flnanclal Reporting Standard appllcable in the UK and RepublSc of Ireland (FRS 1021 (effective l January 2019}" The charity 15 a Public Benefit Entity as deflned by FRS 102, The charlty has taken advantage of the provlslons In the SORP for charltles applying FRS 102 Update Bulletln I not to prepare a Staternent of Cash Flows. The flnanclal ststements have departed from the Charltles (Accounts and Reports) Kegulat5ons 2008 only to the extent requlred to provlde a true and falr vlew. ThSs departure has Involved lollowlng the Staternent of Recommended Practlce for charities applying Flis 102 rather than the version of the Statement of Recomrnended Prncrice which is referred to In the Regulations but whlch has slnce been wlthdrown. The flnanclal statements are prepared In sterllng, whlch Is the functlonal cutTency of the charlty. Monetary amount5 1 these flnancial staternents are rounded to the nearest £. The flnanclal statements have been prepared under the hlstorlcal cost conventlon, modifted to Include the revaluatlon ol certsln flnanclal Instruments at falr value. The prfncSpal accountlng pollcles adopted are Set out below. 2.2. Going Concern Disclosure At the tlme of approvlng the flnanclal stalements, the trustees have a reasonable expectation that the charlty has adequate resources to contlnue In operntlonal exSstence for the foseeable future. Thu5 the trustees contlnue to adopt the golng concern bèsls of accounting In preparlng the flnanclal statements. 2.3. Fund Accountlng Unrestrlrted funds are avaSlable for use at the dlscretlon of the trustees In furtherance of thelr thatable obJectSves. 2.4. Incoming Resources Income Is reco9nised when the charfty 15 legally entltled to It after any perf0rrnan condltlons have been met, the amounts can be measUd rellablyi and It Is probable that Income wlll be recelved. Income from Interest and dlvldends Is Included the accounts when receipt is probable and the amount recelvable can be measured reliably. 2.5. Resour<eg Expended Expenditure 15 recognised once there is a legal or constructive obllgation to make a payment io a third party, It is pmbable that seltletllent wlll be requlred and the amount of the obllgatlon can be measured rellably. Costs of ralslng fund5 comprlse th& costs In relatlon to generdtlng Income such as stockbroker fees. Expendlture on Chable actlvltles Includes all costs relatin9 to the furtherance of the charlty's objectlves as stated In the trustees, report and thelr assoclated support Costs. Irrecoverable VAT Is charyed as a cost agalnst the actlvlty for which the expendlture was Incurred. Governanee costs comprlse all costs Involvlng pub15c accountablllty of the charfty and Sts cornpllance with regulatlon and good practlee. Page 7
The Jenour Foundatlon Notes to the Flnanclal Statements (continued) For The Year Ended 5 April 2026 2.6. Invegtments Fixed asset Investments are initially measured at transactlon pmce excluding trdnsactlon costs, and are subsequently measured at falr value at each reportlng date. Changes In lalr value are recognised in net Income/lexpenditurel for the year. Transactlon costs are expensed as InCurd. 2,7. Cash and Cash Equivalent* Cash and cash equlvalents Include cash In hand, deposlt5 held at call w1th banks, other short-term Ilquld Investments with 09[nal maturltles of three months or less, and bank overdrafts. B3nk overdrafts are shown wlthin borrowSngs In current Ilabllltles. Baslc Ilnanclal assets Baslc flnènclal assets, whlch Include debtors and cash and bank balances, are Inltlally measured at transact1on prlce Including transactlon costs and are subsequently carrled at atnortlsed cost uslng the effecuve Interest method unless the arrangement CDnstitutes a financSng transactlon, where the transaction Is measured at the present value of the future recelpts d15counted at a market rate of Interest. Flnanclal assets classifled as recelvable withln one year are not amortlsed. other flnanclal assets other flnanclal assets, including investments In equlty Instwment5 whlch a not subsldlarles, assoclates or lolnt ventures, are Inltlally measured at falr value, whlch Is nomally the transaction price. Such assets are subsequently carrled at fair value and the changes In ftalr value are recognlsed In net Income/(expendlturel, except that Investfflents In eqijlty Instruments that are not publicly traded and whose falr values cannot be measured rellably are measUd at cost less Impalrment, Derecognltlon of flnanclal assets Financial assets are derecognlsed only when the contractual rlghts to the cash flows frotll the a55et explre or are settled, or when the charity transfers the financlal asset and substantially all the rlsks and rewards ol ownershlp to another entlty, or If sotne 51glllflcant rfsks and rewards of ownership are retalned but control of the asset has transferred to another party that Is able to sell the asset In Its entlrety to an unlated thSrd party. Baglc Ilnanclal liabl11e$ Basic flnanclal Ilabllltles, Includlng Creditors and bank loans are Initlally recognlsed at transacuon prlce unless the arrangeinent constitutes a flnanclng transactlon, where the debt Instrument is measured at the pfftsent value of the futu payments dlscounted al a market rate of Interest. Flnanclal Ilabllltles classified a5 payable wlthln one year are not amort15ed. Debt Instruments are subsequently carried at amortlsed cost, Using the effectlve Interest rate method. Trade credltors are obllgatlons to pay for goods or servlces that have been a¢qulred In the ordlnary course of operatlons from 5uppllers. Amounts payable are classlfled as current liablllties if payment Is due wlthln one year or less. If not, they are presented as ntsn-¢urrent Ilabllitles. Trade creditors are recognlsed Inltlally at trdll53Ctlon pr5 and subsequently Measured at amortlsed cost uslng the effecuve Interest method. Derecognition of flnanclv41 Ilabllttles Flnancial liabillties a derecognised when the charlty's contractual obllgations explre or are dlscharged or cancelled. Crltlcal accountlng estlmates And Judgements In the appllcaUon of the charity's accountlng policles, the trustees are qUired to rnake judgements, e9MateS and assumptlons about the carrylng amount of assets and Ilabllltles Ihat are not readlly apparent rrom other sources. The g5tlmates and assoclated assumptlons are based on historlcal experlence and other factor5 that are consldered to be levant. Actual results may differ from these estlmates. The estlmates and underlylng assumptlons are revlewed on an ongolng basls. Revislons to accountlng esilmates are recognlsed in the perlod In whlch the estirnate Is revlsed where the revlslon affects only that perlod, or In the perfod of the revlslon and future perlods where the revision affects both current and fuiure perlods. Page 8
The Jenour Foundation Notes to the Financial Statements (contlnued) For The Year Ended 5 Aprll 2026 3. Investment Encome 2026 2025 Unrestricted Unrestrlrted funds funds Divldends from other fixed asset Investments - Ilsted Other Interest fftcelvable 153,587 109 137,315 205 153,696 137,520 4. Analys1$ of Expendlture 2026 Grant fundlng of Support a¢tlvitl¢s costs (see note 51 (see note 61 Activities undertaken directly Total Rai51ng fund5 Grant fundlng of actlvltles Share of governance eosts 32,518 32,518 L37,150 5,885 137,150 5,885 32,518 137,150 5,885 175,553 2025 Grant fundlny of Support actlvltleg costs (see note 51 (see note 61 Activities undert8ken dlre¢tlv Totsl Ralslng fund5 Grant fundlng ol actlvStles Share of governance costs 34,411 34,411 139,544 8,574 139,544 8,574 34,411 139,544 8,574 182,529 5. Gr•nts P¥yable 2026 2025 Grants to Grants to Instltutlons Instltutlon$ Grant fundlng of actIvles 137,150 139,544 Grants paid to InstitutSons, Included above, are as follows.. Page 9
The Jenour Foundatlon Notes to the Financial Statements (continued) For The Year Ended 5 April 2026 2026 2025 cardff Unlverslty UWC Atlantlc College Smaller donations 20,000 12,000 105,150 22,344 12,000 105,200 137,150 139,544 The srnaller donatlons were pald to the followln9 organlsallons: Age Connects - Neath Port Talbot Barnardo's Bllnd Vetsrdns UK Brecon Mountain Rescue Brldge mentong Plus Scheme BrStlsh Wlrele5s for the 3llnd Fund Cerebral Pa15y Cymru Chlldren's Hospltal Pylama's Chlldren's Leukaemla Soclety Cmhn's & Colltis UK Cure ParnSOn'S Dean Fami Trust Dreams and Wishes Duke of Edinburgh Fashare Fight for Slght Frlends of the Elderly GI guldlng Headway Cardiff and South East Wales Hlllnx theatre Horatlo's Garden Hourylas5 Cymru Klds Cancer Charlty Llttle Heart5 Matter Llamau IHofnEle55 & Vulnerdblel Wales Llanelll Sea Cadets Macmillan Cancer Care Fund Maggles Margam Youth Centre Marle cUe Hosplce, Penarth Natlonal Youth Centre NlghtSngale House Hospl Noah's Ark - The Children's Hospl Paul Sartorl Plas Gynter Manslon Trust Project Llnus UK Remap 2010 Samarltans - Brldgènd Samarltans - Cardlff Scouts Montgomeryshlr8 Sea Trust Wales SSAFA st Davld's Hosplce The Honeypot The Mltchell Foundatlon The Ogmore Valley Local Hlstory And Heritage Soclety The Prlnces Trust Cymw Tldy Butt WlldlSfe Trust South & West Wales Wye and Usk Foundation Page LO
The Jenour Foundatlon Notes to the Flnancial Statements (contlnued) For The Year Ended 5 Aprll 2026 6. Support Costs 2026 Share of governanco costs Governance costs.. Independent examlner's fees Accountancy fees 390 5,495 5,885 2025 Share of governance cost$ Governan costs.. Independent examlnevs fees Accountancy fees 810 7,764 8,574 7. Average Number of Employees Average number of employees durfng the year wa5.. NIL (2025.. NIL) 8. faxatlon The charlty Is exempt from tax on Income and galns falling wlthin section 505 of the Taxes A¢t 1988 or sectlon 252 of the Taxètlon of Chargeable Galns Act 1992 to the extent that these are applled to Its charltable objects, 9. Inve$tm¢nt$ Cash & Cash quivalents Llsted Tolal Co$t or Valuatlon As at 6 Aprll 2Q25 Addltlons Disposals Revaluations 102,331 4,464,475 609,348 {683,2221 746,002 4,566,806 609,348 {683,2221 746,002 70,941 Trdnsfers 70,941 As at 5 Aprll 2026 173,272 5,136,603 5,309,875 Provlslon As at 6 Aprll 2025 As at 5 Aprll 2D26 Net Book Valu• As at 5 Aprll 2026 173,272 5, 136,603 5,309,875 A5 at 6 Aprll 2025 102,331 4,464,475 4,566,806 Page Xl
The Jenour Foundatlon Notes to the Financlal Statements (Contlnued) For The Year Ended 5 April 2026 Net 9aln$l(losses) on Investments Unre5tritted funds 2026 Unrestricted fund5. 2025 Revaluatlon of Investments Galnlllossesl on Sale of Investments 734,949 40,074 {247,6271 77,897 775,023 1169,730) 10. Credltors.. Amounts Falllng Due Wlthln One Year 2026 2025 Trade credltors 3,660 3,500 12,860 Other credlttsrs Aceruals and deferred income 5,302 7,730 13,032 20,020 11. Movement In Funds Net movement In fundg As at 6 Aprll 2025 A$ at 5 April 2026 Transfers Unrestrlcted ftlnds General.. Genetsl unrestrlrted fund 16,4911 764,672 15,0151 16,4911 5,316,366 19,142 Investments Current assetsllllabllltles) 4,566,806 9,045 (15,1121 15,112 Total unr•stricted funds 4,575,851 753,166 5,329,017 Total fund$ 4,575,851 753,166 5,329,017 Net movement In funds, Included In the above are a5 follows.. Net movement In funds Galns and losses Income ExpendltLFre Unrestrlcted lunds General.. Genernl unrestricted fund 11,iioi 15,3811 16,4911 ..copmNUED Page 12
The Jenour Foundatlon Notes to the Financial Statements (contlnued) For The Year Ended 5 April 2026 Investments 153,696 1129,3541 15,0151 740,330 764,672 (5,0151 Current assetsllliabllltles) Total unrestwlcted funds 153,696 {135,4791 734,949 753,166 Total fund5 153,696 1135,479) 734,949 753,166 As bt 6 Aprll 2024 movement In funds As at 5 Aprll 202$ Transfers Unrestricted funds General.. Investments cuernt assets/lliabllitlesl 4,772,647 17,943 1206,1651 18,5741 324 13241 4,566,806 9,045 Total unrestrlcted funds 4,790,590 1214,7391 4,575,851 Total funds 4,790,590 1214,7391 4,575,851 Net movement In funds, Included in the above are as follows.. Net movement In funds Galns and losses Income EXpendIr¥ Unrestrlrted funds General.. Jnvestments Current assetsllllabllitl8sI 137,520 196,0581 {8,5741 1247,6271 1206,1651 (8,5741 Totsl unrestrlctsd funds 137,520 1104,6321 1247,6271 1214,7391 Totsl funds 137,520 1104,6321 1247,627} (214,7391 12. Tr&nsactlons wlth Trustees None of the trustee5 received any remuneratlon or any other benefits from an employment wlth the charity or a related entity durlng the current or prevlous year. No trustee expenses have been Incurred. 13. Rèlated Party Dl$¢losure¥ There have been no related party transactk)ns in the reportlng perlod that requlre dlsclosure. Pa98 13
The Jenour Foundatlon Detailed Statement of Flnancial Activitles For The Year Ended 5 April 2026 2026 2025 Total funds Total funds XNCOME AND ENDOWMENTS FROM: Investments Dlvldends from other flxed asset Investrnent5- Ilsted Other Interest recelvable 153,587 109 137,315 205 153,696 137,520 153,696 137,520 EXPENDITURE ON: Ralslng funds Investment management cost5 {32,5181 134,411) {32,St8) 134,4111 Charltable Actlvftles: Grant funding of actlvltles Grnnts tD Instltutions 1137,ISOI {139,5441 1137,1501 1139,5441 Share of governance costs Independent examlner's fees Accountsncy fee5 13901 15,4951 Isioi {7,7641 15,8851 1175,5531 18,5741 1182,529) EXPENDITURE BEFORE INVESTMENT LOSSES 121,8571 145,0091 Net 94lns on Investments Surplus on dlsposal of Ilsted flxed asset Investsnents 40,074 77,897 40,074 77,897 NEf INCOME 18,217 32,888 Page 14