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 ftrr*ppoth*menl 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 con￿rn 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