REGISTERED CHAIUTY NUMBER: 263161 REPORT OF THE TRusfEES AND AUDITED FINA]%CIAL STATEMENTS FOR THE YEAR ENDED 5 APIUL 2022 FOR J P JACOBS CHARITABLE TRUST FKCA Limiled 260- 270 Bullerfield Greai Marlings Luton B¢dfordshiTe LU2 8DL
J P JACOBS CHARITABLE TRL'ST CONTENTS OF THE FII%'AIYCIAL STATEMENTS for the Year Ended 5 APRIL 2022 Pge Report t)f tbe Trustees R¢port ol the IDdependent Audltors Sttemeni of FlniD¢lal A¢ilvltles Blan¢t Sheet Cash Flow Stattment No¢£s to the Cash Flow Statement 10 Not¢s to tbe Finn¢l*l StA¢em¢nts
J P JACOBS CHAIUTABLE TRIST REPORT OF THE TRL'STEES for ¢be I'e#r Ended 5 APRIL 2022 The trust¢es presenl their rert with the financial Statets of the charity for the year ended 5 April 2022. The tTUStees have adopted the provisions of A¢couniing and Reponing by Cbariiies.. Siaiement of Recommended Practice ISORP) applicable to chartiies preparing iheir accounts in accordanc¢ with the Financial Reporting Stsndard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectlves and ¥ctlvitles The charity is not involved in fijndrèising. The Charitys fimds are held in ini'¢simenis which are used to generat¢ Income which is distributed onnually arnong5t other ¢haritÈes that principally operaie in the field of the arts. religion, health research. conservation and youth. The allocation of aTrts is deimnin¢d in meeiings held by the tn¢¢$. No upper limit on the amount payable 1$ applicable. None of the thariWs fimds are r¢s¢rickd or designatcd. Th¢ tru51ee5 confimi that they have ref¢Tred to the guidan¢¢ Conlned in ¢he Charity Commission's general guidance on public benefil when reYiewin8 the Trust's 8inL4 and objectives and in settin8 wi making policies. ACHIEVEMENT AND PERFORMANCE AchievemeDl$ and perform8n¢¢ Disiribulions roialling £116.575 wcre math durin8 the year to various charili¢s. as detailed in not¢ 6 to the accoun1$. The 5¢aicment of financial activities for ihe year 15 5Ct oul on page 5. There has been an increase in the rnaTket value of the investmcnt portfolio of £46.529, a5 sho in note 7. All inyesiments are held in 8 mana8ed portfolio and their perforniance is COD$idered to be 5a1i5f¥ctory by ihe trwtee5. The charity received a £l.OW.000 le¢Y during the financial year which w&$ the primary source of increase in fiwds. Thc nel incr¢ase in the funds in the year was £l.000.037 compared io an increase in 2021 of £160,270. Th¢ tru51ces consider the financial position of ¢he charity 10 b¢ saiisfactory &8 at 5 April 2022. The aSSS of th¢ Charity arc dcemed by the Ist¢eS to be ad¢quaie for Ihc fulfilmeni of the obligalions of the charity. FIYANCIAL REVIEW FlnanclHI re¢ The charity's reserves are unrestrictcd. however many are held as fixed assets. The TnLSt was sel up a number of years ago wth the inieniion of making annual distributions. T$1¢¢$ have powers to invesi and feel Ih&i li is mosi ¥ppropriate to accumulatc rcscrves io enable them io makc large. specific donaiions. when n¢cessary. In the trn51c¢s' opinion, thc level of frc¢ reserves is ad¢qle to faciliiat¢ such donaiions should the need aris¢. All assets have been acquired in ¥¢ordance wilh ihe wjwrrs conthined in the Tn[ Deed. There hyve been no mat¢rial Changes in investment policy irt the year. PLAIYS FOR THE FUTURE As in previous years. Ihe stTalegy goin8 forWd is to use the ¢haritYs investnrnts 10 8eMerate income. This will then be distribuied annually amongst variou5 chariiies operdting in ihe fields Df the arts. religion, communiry. health research. conservation and youth. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Trust is governed by a TTUSt Deed dated 17 Augu 1971. New Tru51ees are rarely appointed. but would be appTrinted by the existing tntstees and tr¥ined as appropriate. All decisions are mad¢ by the ttitstees. Page
J P JACOBS CHAIUTABLE TRUST REPORT OF THE TRUSTEES for the Year Ended 5 APRIL 2022 STRUCTURE, GOVERNANCE AND MANAGEMEN'T Iusk man%genhtnt There is 3 lirnited risk due lo the bigh l¢v¢l of reserves. IDvesfft)ent risk is mirig8t¢d by the equity portfolio b¢ing varied and a subsiantial propoTtion of instments curr¢ntly being in lIS or casb d¢posits. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty 263161 Prlnclpil Addrus Wilton End Cottage Radl¢tt Lane Shenlcy H¢rts IIID7 9AJ Trn5tees MSJ Swift Mr M Swift F•TTer & Co Trusi Co Audltors FKCA Limited 260- 270 Butterfield Great Marlings Luton Bedford$hire LU2 8DL BaDkers Lloyds Bank PLC Privatc Banking 21-23 Hill Street London WIJ 5JW Stockbrokers Inveslec Wealih & Investmeni Limiied 2 Gresham Street L(>ndon EC2V 7QP STATEMENT OF TRUSTEES. RESPONSIBILITIES Thc tru51ees are rc5ponsible for preparing the Rep>n of the TnJsiee$ and ihe financial sthtements in accordance with applicabl¢ law and Unit¢d Kingdom AG¢ouniinB Stsndards (Unitd Kingdom Generally A¢c¢pted Accounthn8 Practice). Page 2
J P JACOBS CILIRITABLE TRL'ST REPORT OF THE TRL'STEES for the l'ear Ended S APRIL 2022 STATEMENT OF TRUSTEES, RESPONSIBILITIES- tODtinued The law applicable to charities in England and Wales. the Charities Aci 2011. Charity (Accounts and Reports) Re8ularions 2008 and the provisions of the trust de¢d r¢quir the trusiees io prepare financial slat¢mcnis for each financial year which give a tru¢ fair view of the sthie of affairs of th¢ charity and of the incoming r¢sourc¢5 and applicacion of resourc¢s. including the income arml ¢xp¢rMliture. of the charity for that periijd. In pr¢paring those financial statemcnts, the Mistees are required io select suiiable a¢cow)ting policies and them apply th¢m consis¢enily,' observe the mcthods and principles in the Chan'ty SORP- make judgements and estimates that are reasonable and pen1. siale wheiher applicable accoun¢in8 slandards have been followed. subject to any material departur¢$ disclosed and explain¢d in the financial sthietnents: pr¢poT¢ the financial siai¢m¢nts on the going cOrern basis unless li 1$ inappr¢)PTiat¢ lo presume ihai tbe charity will continue in busin¢s5. The truslee.% are respon5Lble for keeping proper accounling records which disclose with reasonable accuracy al any lime thc financial position of ihe charity and io enable them to cnsiir¢ thai ihe financial siaiemen15 comply with ihc Charities Act 2011, the Chariry {Accoun15 and R¢portsl Regulaiions 2008 and the provisions of the trusi deed. They are a150 responsible for safeguarding the ossets of the charity and hence for taking re¥sonable ep$ for the prev¢ntion and deieciion of fraud and oiher irre8ulariiies. Approved by order of ihe board of trusltts on........... . and signed on its behalf by: M5 J Swift - Trusiee Page 3
REPORT OF THE LYDEPEL%DENT AUDITORS TO THE TRUST£ES OF J P JACOBS CHARITABLE TRUST Opinion Wc have audited the financial atements of J P Jacobs Chariiable Tr1 (Ihe'chariry'} for the year ended 5 April 2022 which colnprise the SleDnI of Finatal Activities, the Balance Sheet, the Cash Flow Ststemeni and notes to the financial statements, includin8 a sumnwy of sigttificani accounting w)licies. The financial reporting framework that has been applied in iheiT preparaiion is applicable law and United Klngdom Accounting Standards {Unit¢d kn"ngdom G¢n¢rdlly Accepted Accounting Prdctice). In our opinion the financial statements: give a true and fair view of the Sta of the clwitys affairs as ai 5 April 2022 and of its incoming resources and application of resources. for ihe yeaT then ended: have been properly prepared in accordance with Uniied kn'ngdom Generally Accepted Accounting Pradice,. and have been prepared in accordance with the requiren of the Charities Act 2011. Bas18 for oplnlon Wc conducted our audit in accordance wilh International Standards on Auditing (UK) IISAS IUK)) and applicable law. Our r¢spotsibiliiies under thos¢ siandards are funhcr described in tbe Auditors, responsibilitie5 for thc audii of thc financial ststement5 5¢Ction of our rcport. W¢ are indepcnd¢nt of the ehan.ty in accoTdgncc wih the c¢hical requir¢ments Ihat are relevani to our audtt of the financial slaieffnls in the UK. in¢luding the FRC'S Eihical Standard. and we hav¢ fijifilled our other eihital responsibiliti¢s in accordance wryth these requirem¢$. We believe ihal the audit evidence we have obtained is suffi¢i¢nt and appropriate lo provide a basis for oyr opinion. CoDeluiiDni relatlttg to eolDg con¢¢rn ID auditing ihe financial st¥iemenis. we have concluded thai the I$t¢¢$' use ofthe going con¢¢rn basis of accountin8 in lh¢ PT¢paraiion of the r]nanci¥l siaiements is appTOPriat¢. Based on the work w¢ have perforn)ed. wc have Thoi identified any material unccrtainti¢$ r¢laiin8 io ev¢n¢5 Qr ¢onditions that, individually or collectively. may casi signifi¢ant doubt on ihe Charis ability io conlinue as a goin8 concem for a period of at least Nelve month5 from whert the finala1 Statements are ahorid for issue. Our responsibilities and the r¢5ponsibiliiies of the trtt$ wilh lo going concern are described in the relev¥ni sections of thi5 report. Other m#tter The finan¢ial $iatemenis of thc company for the year end¢d 5 April 2021 aTe unaudited. Matters on whlch we are rtqulred to report by ¢i¢epdon We have nothin8 to rcpon in respwt of ihe following matters where the Charities (Accounts and Report8) Rc8ulations 2008 requires us to repoTt to you if. in our opinion.. the infom)ation given in the Report of the TnLStees is inconsislent in any material respect with the financi41 slatements.. or sufficient ac¢ouDting records bave noi been kepi: or th¢ financial statemen15 are noi in agreemeni with thc accouniin8 record$ and returns. or we h?vc not received all the infornjation and explana110 wc require for our audit. Re5ponslbllltles of trus1¢¢5 As explaincd more fully in the Statenynt of Tntsitts. Responsibilities. the tTUStee$ art responsible for th¢ preparation of the financial stat¢mcnts which give ? true and fair view, and for such iniernal control as the trustees dctemine is ecc5sary to enable the preparJtion of financial slat¢m¢nts thai are frtt from maierial misstatement, whether due to fraud or error. In prcparing ihe fanCial stat¢rtnts. the Irustee5 are rewnsible for a$5¢55Ttig the charitys ability to Continue as a going concern, disclosin& as applicable, matt¢rs relaied io going Concern and using the going concern basi5 of accounting unless the tr4Lsltts eithcr intend io liquidate th¢ chariry or to ceax operations, or have no r¢liMic alternative but to do Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF J P JACOBS CHARITABLE TRL'ST Our re5ponsibiliiies for tbe audit of the fin4n¢ial statemetsts We have been appointed as audiiors under Section 144 of the Charities Act 2011 aThJ rq>ort in accordan¢e wryth the Act and relevant regulations made or having effe¢t ther¢under. Our objectives are to obtain reasonable assuraDce aiwt whether ibe financial annts a$ a wholc ar¢ free from matcrial nys5tatement. wheiher due io fraud or error. and issue a Rert of th¢ Ind¢p¢nd¢nt Auditors thai includes our opinion. Reasonable asswancc is a high level of assuranc¢. but is noi a guarantee thai an audit condu¢l¢d in accordance with ISA5 {UKI will always deteci a matertal rnis51aicm¢ni when it exists-. Mt5statent5 Can aris¢ from fraud or error and are Considcred n)aterial if, individually or in the aggregate. they could reasonably be expecied io intluenc¢ lh¢ economic decision5 of UrS tak¢n on the basis of ihese financigl ststements. The extent to which our procedures are capable of detecting irre8ulaTiti¢s. ilUding fraud is detsiled below.. Irregularities. including fraud, arc instsnces ofnonrycompliance wilh laws and re8ulations. W¢ dcsign procedures in line with our rcsponsibiliiies. otstlin abov¢, io deteci material missiatttnents in respeci of irregulariiies. including fraud. OUT approach io id¢nlifyi'ng aThd a5SCs5ing ihe risks of materiol misslatcmeni in rcspcci of itte8ularitie& includins fraud Was ?5 follows.. The en8ag¢m¢nl partner ensured thai the engageThl1 leam collectively had the appropriate coniprtence, Capabilities, and skills io ideniify or recolIs¢ nonrfompliance wilh applicable laws and regulations. Wc idenlified the laws and regulations applicable io the charity through diKu5sions with TnJ$iees and advisors. We assessed the exleDI of compliance with Ihe and r¢gulations identified above ihrough making enquiries of Dianag¢ment. Identificd laws And regulations W¢ communicated within th¢ awlil t¢¥m and the team remained alert to insianees of non-compliance throughoui the atsdit. We identified ihe greatest risk of m4terial iTh4Daci on the finn¢ial ststeTrnts from iThe8ulariiies. including hud, lo involve income recoition, the override of controls by manag¢nKnt and inappropriate grani Biving by th¢ charity. To 4ddress the risk of fraud in reliort to revenue recognition, we: Perfomed detailcd 5ub5taniiYe lesling ro address ¢ompl¢tcness and accuracy of income: and A5sesscd Ihe appropriateness 8ttd application olthe accounting policy eonc¢ming income recognition in particular for donations and lega¢ies. To addrcss the risk of fraud in relation to managcment override of controls we.. Reviewed bank statements to ensure all transaciions are in ¥¢cordance with charithble objectives. and Reviewed journals throughoui the year lo ensure th¢r¢ no management bias. To address the risk of fraud in relation to inappropriaie 8rani giving. we.. Reviewed appropriatcnc5s of the grani rccipienl to ensure inline wilh chariiable objeciives., and Obtain¢d conf1rnt10n from the recipients of th¢ gfdnts. Because of the inhereni limitations of an audit. Ihere 1$ a risk that we will noi d¢tecl all irregularities. including those ledding to a matcrial rnts$tat¢ment in ihe financial slatcmcnts or non4omplian¢e with regulation. This risk increases the more that compliance with a law or regulation 15 removed from the events and transactions rcflectcd in ihe financial 5toiements, as we be less likely to become aware of inanCeS of nonrfompliance. The risk is also greater re8ardLng irregulariiies occurring du¢ to fraud Tather than error. as fraud involves intenlional conceahnent, for8ery, collusion, onii5sion, OT misrepresenlation. A hjrther description of our responsibilities for ihe audii of ihe finan¢ial stat¢m¢nts is located on the Financial R¢porting Council's webSLie at wMw.fr¢_org.uklaudiioisre5P0115ibilitie5. This descripiion fomis part of our Report of the Independent Auditors. Page 5
REPORT OF THE INDEPENDEYT ALTIITORS TO THE TRUSTEES OF J P JACOBS CHARITABLE TRUST V5¢ of our report This report 15 nude 501ely to the Charity's Inee& 85 a Iy. in a¢cordan¢¢ with Part 4 of the Chan'ties (A¢¢ounts and Reports) Regulations 2(KJ8. Our audit work has been urKlertaken so that we might slate to the charitys trustees those matt¢rs we are required to stat¢ to them in art audiiors. report and for no other purpose. To the fullest exte1 permitted by law, we do not accept or assume responsibility to hnyone oiber ihan the Charity and the c1w15 trustees as 8 body. for our audit worL for this rwirt. or for the opinions wc hav¢ fortt*d. FKCA Limited 260- 270 Butterfield Gr¢at Marlitw Luton Bedfordshir¢ LU2 8DL Date.. Page 6
J P JACOBS CHARITABLE TRUST STA TEIET OF FINAIICIAL AcfiviTIES for the l'ear Ended 5 APRIL 2022 2022 UnTestticted 2021 nds Notes INCOME AND ENDOWMENTS FROM Donaiions and l¢gacies 1.000.000 Investment income 36.306 35,290 Total 1,036.306 35.290 EXPENDITURE ON R&ising fiJnd$ 9.932 9.058 Charltable ellvStks Charitabl¢ Activities 131,975 75,870 Tot1 141,907 84,928 Nei Bains on investments 105.638 209.907 NET INCOME 1.000.037 160.269 RECOTr•CILIATION OF FUNDS Total fund& bruughi forward 1,614.606 1,454,337 TOTAL FUNDS CARIUED FORWARD 2.614.643 1,614,606 The nores foTm part of these financial staterncnis Page 7
J P JACOBS CHARITABLE TRUST BALANCE SHEET 5 APIUL 2022 2022 2021 Total funds Unrestricted fund Noles FIXED ASSETS Investment5 ,598.575 .552.511 CURRENT ASSETS Debiors Cash at bank 12 1,002,587 28.181 2,504 69.391 1,030.768 71,895 CREDITORS Amounis folling due within one year 13 [14,7) (9,81K)I NET CURRENT ASSETS .016,068 62,095 TOTAL ASSETS LESS CURRENT LIABILITIES 2,614,643 1,614,606 NET ASSETS 2,614,643 ,614,606 FUNDS Unrestricted funds 14 2,614.643 1.614,606 TOTAL FUNDS 2,614,643 1.614.606 na 7..i.,..r.&&talemcnt5 were approved by the Board of Tntst¢es and authorised for issue . and were signed on its behalf by.. Ms J Swift- Trust¢e Th¢ notes fom) part of tkn financial slatements Pa8e 8
J P JACOBS CHARITABLE TRUST CASH FLOIV STATEIEy[ for the l'ear Ended S APRIL 2022 2022 2021 Noles Cash flows froju Dp¢rating activiti¢5 Cash generated from operations {100.7841 153,1971 Nei cash used in operatin8 aciivilies {100,7841 153,1971 Cash flows from Investing aetlvltlei Purchase of fix¢d ass¢t investments Sale of fix¢d asset inveslmenis Sale of inveslmeni properry (50.251) 4.538 105.287 {107.798) {70.544) 229,695 Net cash provided by investing activities 59.574 51,353 Ching¢ In cJh nd taih equlvl¢nti I the reporting period Cash and esh equivalents at the beglnnln8 of the reporting perlod {41.210) 11.8441 69,391 71,235 CA$h Ind ¢#$h equlvAleni$ At th¢ eDd of the reportlng perlod 28.181 69,391 The notes forn] pan of these financial $talennts Page 9
J P JACOBS CHARITABLE TRUST NOTES TO THE CASH FLOIV STATENIENT Cor the Year Ended S APRIL 21122 REcof4CILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIiATING ACTIVITIES 2022 2021 Net lor ¢be reporting period (4$ ptr the Siat¢m¢nt of Fin•Tr¢il Activities) AdJustment$ for: Gain on inve5tm¢nts {IncreaseYdecrease in debtors lrtcreasellde¢reasel in creditors 1.000.037 160.269 (105.6381 (1,000,083) 4,900 (209,9071 41 (3.6(10) Net cash used In opertions 1100.784) 153.197) ANALYSIS OF CHANGES IN NET FUNDS At 6.4.21 Cash flow At 5.4.22 Net cash Cash ai bank 69,391 {41,210) 28,181 69.391 141,210) 28,181 Tot*1 69.391 141210) 28,181 The notes forni part of ttKs¢ firJan¢ial stst¢m¢nts Page 10
J P JACOBS CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEIIIENTS for the l'ear Ended 5 APRIL 2022 ACCOUNTIYG POLICIES A¢¢ounting conveDtio The financial slat¢m¢nts of the chariry. wthicb is a public IKnefit entity under FRS 102, have bc¢n pr¢par¢d in accordance with the Chariiics SORP IFRS 1021 'Accouniing and R¢porting by Chariiies.. Statement of Re¢omrnend¢d PwlÈc¢ applicable io chariries pr¢paring their accounts in accordance with th¢ Financial Reporting Siandard appli¢abl¢ in the UK and Republic of Ireland IFRS 1021 {effective l January 20191,, Financial Reporting Stsndard 102 The Finan¢ial Rep)rting Sthndard applicable in the UK artd Republic of Ireland, and the Chariti¢s Act 2011. The financial stat¢ments have been prepared under the historical cost convention. with ihe exception of inve5trnenlS which are included at market value. as modified by ihe revalualion of ¢¢rtain assets. The presenlation Currency of ¢h¢ finart¢ial $ia*menis is in Pounds S¢¢rlirtg {£). 1¢h is the fijnctional currency of the chariry. Investments Invesmwn15 are init2ally recognised ai their transaction valu¢ and sub5equenily measured at their market value as ai ihe Balance Shcei do1¢ using Ihe closing quoted market price The Stsiemeni of Financial Activitlcs includcs the n¢t Bains and losse$ arisin8 on revaluation and disposals throu8houi the year. Income and expensej Incom¢ relaies lo reDJrns earned on the chariWs inv¢sftnents. Income on cash #nd stturiti¢S held ar¢ recorded in the year in whi¢h they Ar¢ rtteived. Donations are reco8nised when the irust has eniitlemeni w the funds. Legacy 8ifts are Tecogni5cd (In a case by case basi5 following the 8rantin8 of probale when the administraiorlexecutor for the estsie has ¢ommuni¢aied in wriiing ihe anKJunt for distribution after takin8 into consideralion of any liabilities and settlemeni dale aTMI. if there are any conditions attached to th¢ l¢gacy. thebe are either wiihin ihe Control olihe ehariiy or have been mei. Expcn9¢5 are r¢coTd¢d in respect of the year in whi¢h ihey are pable. Direct charitabl¢ exp¢ndittty¢ and the cosi of management and administration of the chariry are allo¢aied in line with ihe costs lo Mthi¢h they relat¢. Grants offered subjeci 10 condittons which have T1 been met ai ihe year end dat¢ are noted as a commitment but not ACcnd as expenditure. Tax4¢10 The charily is ex¢mpi from tax on its charitable activilie5. Fund ¥¢¢outtting Unrestricted funds can be uscd in accordce wilh ihe charitablc objectives ai ihe discretion of the trustee5. ResiTl¢t¢d fi]nds can only be used for particular rcstricted purposes %&iihin ihe objects of the charity. Restrictions arise wh¢n SP¢CLfi¢d by the donor or funds ar¢ rdised for particular restricted purp¢)5¢S. Debtors Debtors are measured at ih¢ir recoverdble anx)unts at the balance shtti dale. Creditors and provisiolls Creditors and provisions are recognised where the charity has a pr&%eni obligaiion resuliing from a past evenl that will probably result in the transfer of fimds io a ihird party and the amwit due io settle the obligation Can be measured or estimated reliably. CreditOTS a1 provisions are norn1]Y reWlS¢d at thehr settlement annt afler all0ng for any trade discounts. Financial Instrnment& cA$b and b&Dk baiattces Cash held by the charity is included ai Ihe anx)unt actually held and counied at the year end. BaDk balances. whether in credit o¥ ov¢rdraMryL are shown ai ihe amounts properly reconciled to the bank slat¢ments. Pagell continued...
J P JACOBS CIIARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- etsTrtiDed for the Yer Ended S APRIL 2022 ACCOUIYTING POLICIES- tontinutd Debtors Financial instsiunettis 8re measured ts fair value. ID the ca5¢ of unlist¢d investments they are valued at cost less impairmcnl. DONATIONS AND LEGACIES 2022 2021 txgacie5 1.000.000 A £I.000.000 l¢ga¢y was l¢ft to th¢ trusi by a fornxr ITuslee in this year12021 :£nil) INVESTMENT INCOME Income received on investments may be analysed as follows: 2022 2021 Cash held &$ phrt of inv¢$thKn¢ portfolio List inv¢$irnen15 UK Governmeni Si¢xks 35.825 33.507 1,783 36,771 35,291 RAISING FUNDS InveitnieDI Inrt*gement tosts 2022 2021 lrtve5tm¢nt Manag¢r fee3 9.932 9.058 CHARITABLE ACTIVITIES COSTS Gra funding of livities (see note Support osts (s¢¢ not¢ 7} Totals Charitable Activities 116.575 15.400 131,975 Page 12 continued...
J P JACOBS CHARITABLE TRUST NOTES TO THE FII¥ANCIAL STATEIIENTS- eontinued for the Year Ended 5 APRIL 2022 GRANTS PAYABLE Grani funding of activities Activity or programn Totsl 40.625 55.350 20,600 40.625 55.350 20,6(M) Community I Welfare Health 116,575 16.575 All grants paid in the year were to instilutions. amounts paid to individuals was NIL12021.-NIL) Grants of £S.000 and over Grants Awarded In Grants Paid In Commitments The Period The Period Commitments Ch¥Jrity Name Anne Frank TNst Royal Opera House Young Ent¢rpris¢ Ma8ic Breakfasl L#mda Lid Actors Centr¢ Horaiio's Gardcn Maitreya School & Healing Centre 8,000 15.000 6.250 7,000 i 0,000 5.000 5,000 15.000 6,250 10. 5.¢KJO Grants of £5,000 and over Grattis below £5.000 61.250 55.325 61,250 55,325 Total Grants 116,575 116.575 SUPPORT COSTS Governance costs Charitable Aciiyities 15.400 AUDITORS, REMUNERATION 2022 2021 Audi¢or5' remuneralion Auditors, r¢rnuDeratioll- non audil work Page 13 ¢ontinued...
J P JACOBS CIiARITABLE TRUST NOTES TO THE FINANCIAL STATEMENfs- eontlnued for the Year Ended 5 APRIL 21122 TRUSTEES. REMUI%ERATION AND BENEFITS There were no tnle¢s. remulleraiion or oiher benefits for the year ended 5 April 2022 nor for the year ended 5Apri12021. Trustees. expenses There were no tTuslecs' expenses paid foT ihe year ended 5 April 2022 nor for ihe year ended S April 2021. io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM InvesthKnl income 35.290 EXPENDITURE ON Raisin8 funds 9.058 Cbarliable a¢ilviiles Chariiable A¢iiviiies 75.870 Total 84.928 Net gains on investments 209.907 NET INCOME 160.269 RECONCILIATION OF FUNDS Total fimds brou8hi foywtrd 1,454,337 TOTAL FUNDS CARIUED FORWARD 1,614,606 ii. FIXED ASSET INVESTMENTS lrtvestments listed on a rolIsed UK slockexchange Bonds Total Valuation at 6 April 2021 Addilions ai cosl Disposal proceeds Net realised gain0 (k)ss¢s) Net ww¢alised gain51 (105ses) ,054,625 50.251 (109.825) 351 118,306 497,886 ,552,511 50.251 -109.825 351 105,287 113,021) Valuation 815 April 2022 ,113,708 484,865 ,598,575 HistOTi¢al Cosi at 5 April 2022 752.254 487.040 1.239.294 Page 14 Continued...
J P JACOBS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEhYS- contlnued for the Year Ended 5 APRIL 2022 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Oth¢r debtors Prepaym¢nts atyd #c¢nd income 2.587 i.OLN).000 2,504 1.002,587 2.504 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Accruals and deferr¢d iD¢om¢ 14,700 9,81)0 14. MOVEMENT IN FUNDS Net movement tn funds At 5.4.22 At 6.4.21 Unrestrleted funds General fund 1,614.606 l.(M).037 2,614,643 TOTAL FUNDS 1.614.606 1.000.037 2.614,643 Net movement in funds. included in the above ¥re as follows.. Incoming r¢sources Resources expcnded Gains and losses Movemeni in funds UTrre51rleted funds G¢ncral fund 1.036.306 (141.907) 105.638 1,000,037 TOTAL FUNDS 1.036,306 (141.907) 105,638 1,000,037 Compgr*tlves for movtm¢nt iu (uDds Net rnovcrnent in funds At 5.4.21 At 6.4.20 Unre$trleted funds General fund .454,337 160269 1.614,606 TOTAL FUNDS 1.454,337 160,269 1.614.606 Pagc 15 continued...
J P JACOBS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- lor the Year Ettded 5 APRIL 2022 14. MOVEMENT FUNDS- cotInued Comparativ¢ n¢t rnovenni in incIled in the alv¢ are as follows: Incoming r¢soue$ Resource5 expended Gains and losse5 Movement in funds UDre5trltted funds General fund 35.290 (84.928) 209.907 160,269 TOTAL FUNDS 35.290 {84.928) 209.907 160.269 A current year 12 mon¢hs and prior year 12 ny)nths combined position 1$ as follows.. Net movement in funds At 5.4.22 Ai 6.4.20 Unrestrlcted fund G¢ncral fi]nd 1,454.337 1.160,306 2,614,643 TOTAL FUNDS 1,454,337 .160.306 2,614,643 A current year 12 nb)nihs and prior year 12 mnths ¢ombined nei movement in fiujds. included in the above are as (ollows.. Incoming Re50urc¢5 expended Gains and 105$¢$ Movcmcnt tn funds UDr¢itrltted funds General 1.071.596 (226.8351 315,545 1.160,306 TOTAL FUNDS 1,071.596 {226.835} 315.545 .160.306 15. RELATED PARTY DISCLOSURES There were no related pany transaclion5 for the y¢aT tttded 5 April 2022. 16. CONTROL RELATIONSHIPS The trusttts control the charity. a5 they make decisions re8aTding how to distribute fimds and oiher matters. Page 16