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 A￿vItIeS 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 appIl￿ble 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 dOna￿on$ 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 dIst￿b￿led 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 applica￿On5 belng recelved and COn￿nve thelr vlgilance in a55e5sing appeals. Pl8rt$ for future perlod$ The trustees Intend to contlnue provldln9 donaljons In a slmllar way to the re￿nt 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 aC￿vItIeS 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 P￿ctice 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 fo￿seeable 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 tha￿table 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 measU￿d 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