THE JACOBS CHARITABLE TRUST (Registered Charity Number: 2649421 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 RAWLINSON & HUNTER
THE JACOBS CHARITABLE TRUST TRUSTEES. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 CONTENTS Page Trustees, Annual Report Independent Auditor's Report Statement of Financial Activities (including Income and Expenditure Account) Balance Sheet 10 statement of Cash Flows Notes lo the Financial Stalements 12-15
Page 1 THE JACOBS CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trustees submit their report and independently audited financial statements of The Jacobs Charitable Trust I'the Trust, or "the Charity") for the year ended 5 April 2024. These have been prepared in accordance with the accounling policies set out in the notes to the financial statements and comply with the Charity's Trust Deed and applicable law. The comparative figures for the year ended 5 April 2023 are unaudited as permrtted by the Charities Act 2011. The financial statements comply wrth the Charities Act 2011 and where relevant, the Charities Act 2022, the Charity's Trust Deed daled 24 November 1972 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland- SORP (FRS}. REFERENCE AND ADMINISTRATIVE DETAILS The Jacobs Charitable Trust Iregislered charity number 264942), is based and administered in the United Kingdom. The registered address is clo Taylor Vvessing LLP, 5 New Streel Square, London, EC4A 3TW. The names ol the trustees who served during the year and continue to serve at the date of this report are= Richard Benjamin Grosse Andrew Denys Hine Independent Auditor Rawlinson & Hunter Audit LLP Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ Accountants.. Rawlinson & Hunter LLP Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ Princlple Bankers: Coutts 440 Strand, London WC2R OQS Sollcltors: Taylor Wessing LLP 5 New Street Square, London, EC4A 3TW
Page 2 THE JACOBS CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The Jacobs Charrtable Trust is conslrtutèd under a Trust Deed dated 24 November 1972 by the settlor, Lord Jacobs.11 is a registered charty no. 264942. The management of the Charf(y is conducted solely by the trustees. The trustees, investment powers are unrestricted. There is lo be a minimum of Iwo trustees al any one lime. The trustees formally meel at least twice a year. All Iwu5tees give their time freely and no trustee received remuneration in the year. The power to appoint additional trustees or remove existing trustees is vested in a majority, for the time being, of the trustees. Where Ihere is a requirement for new truslee5, Ihese would be idenlified and appointed by the remaining Iruslees. Trustees Induction and Training Should new trustees be appointed an induction process would be carried out. Other trustee training is undertaken as and when appropriate. All trustees are kept informed at meetings of their duties and obligations under the law in addilion to their proper conduct. All trustees are aware of their legal obligations under Charities Act 2011 and, where relevant, the Charrties Act 2022. Trustees, Responsibilities Slatement The trustees are responsible for preparing the Trustees, Annual Report and ihe financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted A¢¢ounling Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial pefiod which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial stalements. the trustees are required to.. selecl suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 {FRS 102)- make judgements and estimates that are reasonable and prudent., state whether applicable United Kingdom accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on a going concern basis unless il is inappiopriale to presume that the Charity will continue in operation. The trustees are responsible for keeping proper accounting records thal disclose with reasonable accuracy at any lime the financial position of Ihe Charity and enable them lo ensure Ihal the financial statements comply with the Charities Act 2011 and where relevant, the Charities Act 2022, the Charity (Accounts and Reports) Regulalions 2008 and the provisions of the Trusl Deed. They are also responsible for safeguarding the assels of the Charity and hence for taking reasonable steps for the prevention and deleclion of fraud and other irregularities. Dlsclosure of Information to Auditor In so far as the trustees are aware.. there is no relevant audit information of which the Charity's auditor is unaware., and the trustees have taken all sleps thal they ought lo have laken to make themselves aware of any relevant audit information and to establish that the audrtor is aware of that information.
Page 3 THE JACOBS CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) Internal Controls The trustees have overall responsibility for ensuring that the Charty has appropriate syslems of internal controls. They are also responsible for keeping proper accounting records which disclose with reasonable ac¢uraGy al any time the financial position of the Charity. The trustees are also responsible for safeguarding Ihe assets of the Charity and hence for laking reasonable steps towards the prevention and deteclion of fraud. The system of internal controls is designed to provide reasonable, but not absolule, assurance against malerial misstatement or loss. Risk Management and Governance A risk assessment has been undertaken which comprises.. an annual review of the risks the Charity may face., the eslablishmenl of systems and procedures to mitigate those risks,. and the implementation of procedures designed to minimise any potential impact on the Charty should those risks materialise. This conlinuing process will identify risk areas to which the Trust is vulnerable and highlight any necessary safeguards thal will need lo be put in place. No major risks were identified al the date of these financial statements. In addition, the trustees have taken due consideration of Good Governance A Code for the Voluntary and Community Sector, ensuring that the seven main principles of the Code are adhered lo. These are.. Organisational purposè., Leadership., Integrity., Decision-making, risk and control., Board effectiveness", Equality, diversty and inclusion., and Openness and a¢SsIbIl. The trustees recognise Ihat good governance plays an essential part in securing the fijture of the Charity and confirm that the said main principles of the Code are followed by them in leading, directing and managing the Charity.
Page 4 THE JACOBS CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED S APRIL 2024 OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The objectsves of the Charity are to carry out such legally charitable purposes and in such manner in all respects as the trustees may in their absolute discretion think fit. Grant Making Poli¢y The Trust makes charitable donations to various organisations. Statement of Public Benefit In meeting the objectives the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and judge that all donations made meet this guidance. The trustees are aware of the Charity Commission guidance on Public Benefit and confirm that they have complied with the duly in Section 4 of the Charities Act 2011 to have due regard lo it. They consider that the information which follows in this annual report about the Trust's aims, aclivilies and achievements in the areas of interest Ihal the Trusl supports. demonstrates the benefit lo ils benefi¢iaries and Ihrough them to the public. ACHIEVEMENTS AND PERFORMANCE Charitable Activities The Trust received distributions from the eslate of Lord Jacobs in the period to 5 April 2024. The trustees made one donation during the year as set out in the accounts, totalling £22,483 {2023.' £niD. Subsequent to the year end, the trustees have made further charitable donations lo various UK based charities, in line with the charf(ies which Lord Jacobs supported in his lifetime. The trustees have decided to focus the donations to UK charities engaged in the education sector, particularly relating to Holocaust education and combatting anti-semitism. The trustees have supported 'Changing Perspectives", a Charitable arm of UK Jewish Film and as well as expanding their operational adivities, it has agreed to fund three short educational films. The trustees will look for opportunities to further support this sector whilst still making donations lo other UK based charities. FINANCIAL REVIEW The Charity received income tolalling £1,581,238 during the year 12023.. £niD which comprised bank interest and distributions from the estate of Lord Jacobs. The trustees havé the power lo make any investment which they see fil. The trustees Consider it prudent to relain all funds in cash but have placed funds in fixed term deposits with maturities of less than a year.
Page 5 THE JACOBS CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024 Reserves Policy The trustees have examined the Charity's requirements for resources in light of the main risks to the organisalion and have no outstanding commitments or cash demands Ihat are not adequalely covered by existing resources. The nel assets of the Charity are regarded as free resetves and Ihe available funds al 5 April 2024 wll be retained to make grants in accordan with Ihe Charity's charitable objects and any policies. The trustees consider that the treely expendable funds are appropriate and adequate taking into account plans for grants to be awarded in the future and therefore have at present not designated any specific reserves. However, the Iruslees will keep this under constant review. In future years a specific reserves policy will be adopted. The balance held as unrestri¢ted funds as al 5 April 2024 was £1,461,017 (2023- no reseNes). PLANS FOR THE FUTURE The legal proceedings of the Estate of Lord Jacobs were compleled duTing the year to 5 April 2024 and the Adminislrator of the Eslale is in the process of finalising the estate. An interim dislribution from the Estate of £1,565,865 (2023.. £niO wa5 paid to the trustees on 12 January 2024, and it is anticipated that a further significant distribution will be received once the Estate has been concluded. The trustees intend to ulilise funds from the residuary Estate to provide grants to other charities similar to those supported by the Charity during the lifetime of Lord Jacobs but relaining flexibilrty as the timing and scale of grant making. Approved by the trustees and signed on their behalf by.. 10 June 2025 Trustee Date
Page 6 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE THE JACOBS CHARITABLE TRUST Opinion We have audited the financial statements of The Jacobs Charitable Trust ("Ihe Charity-l for the year ended 5 April 2024 which comprise the Statement of Financial Activities (including Income and Expenditure), Balance Sheet, Statement of Cash Flows and notes lo the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practicel- In our opinion the financial statements.. give a true and fair view of the stale of the Charity's affairs as at 5 April 2024 and of ils incoming resources and application of resources, including rts income and expendrture. for the year then ended., have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of Ihe Charities Act 2011 and where applicable, the Charities Act 2022. Basis for opinion We conducled our audrt in accordance with International Standards on Audiling (UK) {ISAs (UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of Ihe financial stalemenls seclion of our report. We are independent of the Charity in accordance with Ihe elhical requirements Ihat are relevant lo our audit of the financial stalemenls in the UK, including Ihe Financial Reporting Councils Ethical Standard, and we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe that the audrt eviden we have oblained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relating to golng Concern In auditing Ihe financial statements, we have concluded thal Ihe Irustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriale. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or Collectively, may cast significant doubt on the Charity's ability lo conlinue as a going concern for a period of at leasl twelve months from when Ihe financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other inlomiatlon The Irustees are responsible for the other information. The olher information comprises the infomialion included in the Trustees, Annual Report and Financial Stalemenls, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and, except to the extent olhetwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the olher information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit o¥ otherwise appears to be materially misstated. If we identity such material inconsistencies or apparent material misstalemenls, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard.
Page7 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE THE JACOBS CHARITABLE TRUST Icontinuedl Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf, in our opinion.. the information given in Trustees, Annual Report is inconsistent in any material respect with the Financial Stalements., or sufficient accounling records have not been kept., or the financial slalemenls are not in agreement with Ihe accounting records", or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the Trustees, responsibilrties statement sel out on page 2, the trustees are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees deteTmine is necessary to enable the preparation of financial statements that are free from material misstatement, whethei due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the Charity or to ase operations, 01 have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in ac¢ordan¢e with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thal an audit conducted in accordance with ISAS {UKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities. including fraud, is detailed below. Our assessment of the susceptibility of the Charity's financial statements to material misstatement, including how fraud might occur, is considered to be low. This conclusion was reached after the consideration of the following.. due to the relatively simple business model and low number of transactions within the Charity there are comparatively few unexpected fluctuations in the reported results and balances and any such unexpected rtems would be specifically enquired into by us., and there are a number of individuals which comprise 'management" and therefore there is no single individual who is likely to be able to override controls to effect a fraud.
Page 8 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE THE JACOBS CHARITABLE TRUST Icontlnued) We designed oui audit procedures lo respond lo identified audit risks, including non-compliance with laws and regulations lirregularitiesl that are material to the financial statements. Some of the specific procedures performed to detect irregularities, including fraud, are detailed below.. the review of control accounts and joumal entries for large, unusual or unauthorised entries., the analytical review of the detailed stalement of financial activities for variances that are either unexpected or considered not to be in accordan with our understanding of the charitable activities during the year., obtaining and reviewing for completeness a list of entilies and persons considered to be related parties las defined by Financial Reporting Standard 102) and reviewing the ledgers of ihe Charrty for previously unreported related paty transactions., review of transactions and journals for any indication of fraud or management override or bias; and review of trustees, meeting minutes for unrecorded transactions. Because of the inherent limrtations of an audit, there is a risk that we will not delect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial slalements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilib.es. This description forms part of our auditor's report. Other matters We draw to your attention the fact that the financial statement of the Charity for the year ended 5 April 2023 were unaudited and we have obtained sufficient and appropriate evidence to ensure that the opening balances do not contain misstatements that materially affect the current years financial statements. Use of this report This report is made solely lo the Charity's trustees, as a body, in accordance wth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilty to anyone other than the Charity and the Charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Rawlinson & Hunter Audit LLP statutory Auditor and Chartered Accountsnls Eighth Floor, 6 New Street Square London, EC4A 3AQ Date: 10 Rawlinson snd HunlerAurlft LLP is ellgible ftrrppothmenl 8s •tsditorof the Ch8rityby virttse ofits elwibiltylorappthntas audrtorota company under5ection 7212 olthe ComparNe5 ACE 2ts06
Page 9 THE JACOBS CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES lincluding Income and Expenditure) FOR THE YEAR ENDED 6 APRIL 2024 Note 2024 2023 Income from: Donations and Legacies Investmenls 1,565,865 15,373 Total income 1,581,238 Expenditure on: Charitable Activities 40,106 32,706 Total expendlture 40,106 32,706 Net incomellexpendlture) 1,541,132 132.706) Reconciliation of f unds: Total funds brought forward 180,115) (47,409) Totsl funds carried forward £ 1,461,017 £ (80,115) There are no recognised gains or losses other than those included in the statement of financial aclivities. All incoming resources and resources expended derive from continuing activities. The notes on pages 12 to 15 form part of the financial statements
Page 10 THE JACOBS CHARITABLE TRUST BALANCE SHEET AT 6 APRIL 2024 Note 2024 2023 Current a$$ets: Cash at bank 1,487,770 148,757 Total current assets 1,487,770 148,757 Liabilities: Creditors amounts falling due within one year {26,753) (228,872) Total net assets £ 1,461,017 £ (80,1151 The funds of the charity: Unrestricted funds 1,461,017 (80,115) Total charlty funds £ 1,461,017 £ (80,115) The Financial Statements were approved and authorised for issue by the trustees and were signed below by.. 10 June 2025 Date Trustee The notes on pages 12 to 15 form part of the financial statements
Page11 THE JACOBS CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 Net Cash Flow from Operating Activities Nel incomingl(expended) resources Less.. Inveslmenl income (Decreasellincrease in creditors 1,541,132 115,373) {202,119) (32,706) 32.706 Net cash inflow from In operating activltles 1,323.640 Cash flows from investlng a¢tlvities Investment income 15,373 Net cash inflow from investing activities 15,373 Net increase in cash for the year £ 1,339,013 Reconciliation of net cash flow to movement in net funds Net cash resources at beginning of year Increase in cash 148,757 1,339,013 148,757 Net cash resources at 5 April £1,487,770 £ 148,757 Analysls of net funds: Cash al Bank 1,487,770 148,757 £ 1,487,770 £148,757 The notes on pages 12 10 15 form part of the financial statements
Page 12 THE JACOBS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES The Jacobs Charrtable Trust I'lhe Trust. or 'lhe Charity.), registered charity number 264942, is based and administered in the United Kingdom. The registered address is clo Taylor Wessing LLP, 5 New Streel Square, London, EC4A 3TW. The nature of the Charty's operations and principal activities are set out in the Trustees, Annual Report. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {"Charities SORP FRS 102"} issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, and where relevant, the Charities Act 2022, and UK Generally Accepted Accounting Practice. The Trusl constilutes a public benefit entity as defined by Charities SORP FRS 102. The financial statements are presented in sterling which is the functional currency of the Charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Status of Funds The entire resources of the funds are unreslricled and the trustees have complete discretion for their use in pursuance of Ihe Charity's objeclives. Income recognition Donations and legacy income is recognised once the Charity has an entitlement to the income, il is probable thal the income will be received and the amount of income receivable can be reliably measured. Voluntary income and government grants derived from donations and grants, including donations under Gift Aid with the associated tax credits are accounted for in the period in which the Chartty is entitled to Iheir receipt. Investmenl income derived from interest on income bearing deposit accounts is recorded as and when received. Expenditure recognltlon All expenditure is accounted for on an accruals basis and is recognised when Ihere is a legal or conslruclive obligation committing the trustees to the expenditure, rt is probable that settlement will be required and the amount of the obligation can be reliably measured. Governance costs relate to Ihe general running of the Charity as opposed to the management functions inherent lo generating funds. Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value, except where settlement is delayed, in which oase Ihe transaction is recognised at the presenl value of the settlement amount.
Page 13 THE JACOBS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 ACCOUNTING POLICIES Icontinuedl Taxatlon The Charity is not subject to any taxes on its charitable activities. Irrecoverable VAT is charged againsl the category of resources expended for which it was incurred. Debtors and creditors receivable I payable within one year Debtors and creditors with no stated interesl rate and receivable or payable within one year are recorded at Iransaclion price. Any losses arising from impairment are re¢ognised as expenditure. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held on call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are within borrowing in current liabilities. In the Stalement of Cash Flows, cash and cash equivalents are shown net of any bank overdrafts. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The current uncertainty in the global economy arising from geopolitical conflicls have increased financial piessure on charities. The trustees have however considered the contingency plans in place, the level of funds held and the expected level of income and expenditure for e1ve months from the date of signing of these financial statements. The Irustees are satisfied the forecast income and reserves are sufficient to cover all of the budgeted expenditure to be able to continue as a going concern. The Iruslees therefore consider the adoption of the going conrn basis in preparing these financial statements continues to be appropriate. Judgements and key sources of estimated uncertainty The preparation of financial statements in accordance wrth generally accepted accounting principles requires management to make estimates and assumplions in certain circumstances thal effect reported amounts of assets and liabilities and disclosure of contingenl assets and liabilities al the dale of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates. The trustees do not consider Ihere are any estimales and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities at the year end. 2024 2023 INCOME FROM DONATIONS AND LEGACIES Distributions from the Estate of Lord Jacobs 1,565,865 £ 1,565,865
Page 14 THE JACOBS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 INCOME FROM INVESTMENTS Bank and deposit interest 15,373 £ CHARITABLE ACTIVITIES Grants awarded UK Jewish Film {Charity No 1072914> 22,483 Support costs Legal fees Audil fees Accountancy fees Bank charges Independent examiners fee 6,900 7,000 3,600 123 29,106 2,400 1,200 17,623 32,706 Total charltable actlvity £ 40,106 £ 32,706 CASH AT BANK Coutls currenl account Coutls deposit accounts Natwesl Special Reserve Natwesl Reserve Account Taylor Wessing - Client Account U1 Client Account U2 7,770 1.480,000 58,853 123 50,000 39,781 £ 1,487.770 £ 148,757 CREDITORS- amounls falllng due wlthln one year Due lo the Eslale of Lord Jacobs Taylor Wessing fees Audit fees Accountancy fees Independent examiners, fees 8.952 6,900 7,000 3,901 8.952 212,720 5,280 1,920 10 £ 26,753 £ 228,872
Page 15 THE JACOBS CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS Andrew Hine is a consultanl of Taylor Wessing LLP, the Charity's solicitors. Taylor Wessing was owed £6.900 by the Charity, which remained oulslanding as at 5 April 202412023.- £212, 720) ULTIMATE CONTROLLING PARTY The ultimale controlling party are the trustees. There are no employees other than the trustees. The Key management personnel of the Charity comprise the trustees, none of whom received any remuneration during the period. 2024 2023 FINANCIAL INSTRUMENTS The carry amounts of the Charty's financial instruments are as follows.. Financi81 assets Measured at fair value through SOFA: Cash at bank and in hand 1,487,770 148,757 Financial liabilities Measured al amortised cost Creditors & accruals due wrthin one year £ 26,753 £ 228,872