THE JACOBS CHARITABLE TRUST
(Registered Charily Number: 264942)
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
r RAWLINSON
& HUNTER

THE JACOBS CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
CONTENTS
Page
Trustees, Annual Report
Independent Auditor's Report
ststement of Financial Activities (including Incom8 and Expenditure Account)
Balance Sheet
10
Statement of Cash Flows
Notes to the Financial Statements
12-16

Page 1
THE JACOBS CHARITABLE TRUST
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED S APRIL 2025
The trustees submit their report and independently audited financial statements of The Jacobs
Charitable Trust {"the Trust" or'lhe Charity.) for the year ended 5 April 2025. These have been prepared
in accordance with the accounting policies set out in the notes to the financial statements and comply
with the Charily's Trust Deed and applicable law.
The financial statements comply wilh the Charities Act 2011 an(J where relevant, the Charities Act 2022.
the Charity's Trust Deed dated 14 November 1972 and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in
October 2019 ('Charities SORP FRS 102.).
REFERENCE AND ADMINISTRATIVE DETAILS
The Jacobs Charitable Trust (registered charity number 264942>, is based and administered in the
United Kingdom. Th8 r8gist8r8d address is clo Taylor Wessing LLP. 5 New Street Square, London.
EC4A 3TW.
The names of the Irustees who served during the year and conlinue lo 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 Slreet Square. New Fetter Lane, London, EC4A 3AQ
Investment Manager:
Canaccord Wealth
88 Wood St, Barbican. Lonéon EC2V 7QR
Principle Bankers:
Coutts
440 Strand, London WC2R OQS
Solicitors:
Taylor Wessing LLP
5 New Street Square, London, EC4A 3TW

Page 2
THE JACOBS CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT (contlnued
FOR THE YEAR ENDED 5 APRIL 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Jacobs Charitable Trust is constituted under a Trust Deed dated 14 November 1972 by the
settlor, Lord Jacobs. It is a registered charity no. 264942.
The management of the Charity is conducted solely by the trusteas. The Irustees, investment
PDwers are unrestricted. There is to be a minimum of two trustees at any one time. The trustees
formally meet al least twice a year. All trustees give their time freely and no trust8e receiv8d
remuneration in the year.
The power to appoint additional trustees or remove existing Irustees is vesled in a majority, for the
time being, of the trustees. Where there is a requirement for new truslees, these would be
identified and appointed by the remaining trustees.
Trustees Induction and Tralnlng
Should new trustees be appointed an induction process would be carried out. other trustee training
is undertaken as and when appropriate. All IrLJslees are kepl infomied at meetings of their duties
and obligations under the law in addition to their proper conduct. All trustees are aware of their
le981 obligations under Charities Act 2011 and, where relevanl, the Charities Act 2022.
Trustees, Responslbllltles Statement
The trustees are responsible for preparing the Trustees. Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the truslees to prepare financial
stalemenls for each financial period which give a true and fair view of the slate of affairs of the
Charity and of the incoming resources and applicalion of resources of the Charity for that period. In
preparing these financi81 statements, the trustees are required to..
select suitable accounting poii¢ie¥ and then apply them coiisistently.,
observe the methods and principles in the Charities SORP FRS 102-
make judgements and estimates that are reasonable and prudent.,
slate whethèr applicable United Kingdom accounting standards have been followed,
subject to anv material departures disclosed and exDlained in the financial statements.. and
prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the Charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonabl8
accuracy al any time the financial position of the Charity and enable them to ensure that the
financial statements comply with the Charities Act 2011 and where relevant, Ihe Charities Act
2022. the Charily (Accoiints and Reportsj Regulations 2000 and the provisions of the
I i ust Deed.
They are also responsible for safeguarding the assets of the Charity 8nd hence for taking
reasonabl8 steps for th8 prevention and detection of fraud and other irregularities.
Disclosure of information to Auditor
In so far as Ihe trustees are aware..
thére is no relévant audit information of which the Charity's auditor is unaware; and
the Iruslees have taken all steps thal they ought lo have taken lo make themselves aware of
any relevant audit infomiation and to establish that the auditor is aware of that infomiation.

Page 3
THE JACOBS CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT {contlnued)
FOR THE YEAR ENDED 5 APRIL 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Internal Controls
The trustees have overall responsibility for ensuring that the Charity has appropriate systerns of
intemal controls. They are also responsible for keeping proper accounting records which disclose
with reasonable accuracy al any lime the financial position of the Charity. The trustees are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable slep5
towards the prevention and detection of fraud.
The system ol internal controls is designed to provide reasonable, but not absolute, assurance
against material misstatèment or loss.
Risk Managemenl and Govemance
A risk assessment has been undertaken which comprises..
an annual review of the risks the Charity may face,.
Ihe establishment of systems and procedures to miligale those risks., and
the implemenlation of procedures designed lo minimise any potential impact on the Charity
should those risks materialise.
This continuing process will identify risk areas to which the Trust is vulnerable and highlighl any
necessary safegL¢ards that will need lo be put in place. No major risks were identified at the date of
these financial statements.
In addition. the Iruslees have taken due consideration of Good Governance
A Code for the
Voluntary and Community Sector, ensuring Ihat the seven main principles of the Code are
adhered to. These are..
Organisational purpose.,
-eaderS￿,1p.,
Integrity.,
Decision-making, risk and control-
Board effectiveness;
-qua5ity, diversity and inclusion- and
Openness and accessibility.
The trustees recognise that good governance plays an essential part in securing the future ol 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 {continued}
FOR THE YEAR ENDED 5 APRIL 2025
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The objectives of the Charity are lo carry out suth legally charitab18 purposes and in such manner
in all respects as the truslees may in iheir absolute discretion think fit.
Grant Making Policy
The Trust makes charitable donations to various organisations as they Gonsider appropriate for the
objectives of the Charity.
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 Ihal
they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to it.
They consider that the infomiation which follows in this annual report about the Trust's aims,
activities and achievements in the areas of interest that the Trust supports, demonstrates the
benefit lo its beneficiaries and through them to the public.
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
The Trust received distributions from the estate of Lord Jacobs in the period to 5 April 2025. The
trustees made twelve donations during the year lo eleven organisations as set out in the notes lo
the accounts, tolalling £289,T50 (2024.. one donation tofalling £22,483). The trustees have
adopted the approach of making charitable donations to various UK based charities, in line with the
charities which Lord Jacobs supported in his lifetime. The trustees have decided lo focus the
donations to UK charities engaged in the education sector, particularly relating lo Holocaust
education and combatting anti-semilism. The Iruslees hav8 SUPPOrted °Changing Perspectives-, a
charitable am of UK Jewish Film and as well as expanding their operational aclivities, it has
agreed to fund four short educational films. The trustees will look for opportunities to further
support this sector whilsl still making donations lo othér UK based charities.
FINANCIAL REVIEW
The Charity received income totalling £1,066,915 during the year (2024.. £1,581,238} which
comprised inveslment portfolio income. bank interest and distributions from the estate of Lord
Jacobs.
The trustees have the power to make any investment which they see fil. The trustees consider it
prudenl to rétain all funds in cash bul have placed funds in fixed term deposits with maturities of
less than a year.
During the year the Trustees ip,vesled £1,000,000 with Canaccord Wealth. The purpose of the
investment was to protect the capital value of the Irusl against inflation whilsl providing a modest
income stream to further the charitable objects. During the year investment income of £17,865 was
recognised whilst the Trust paid £8.893 to acquire accrued interest. The portfolio realis8d capital
gains of £247 on inveslment sales and appreciated £1,778.
The trustees are salisfied with the perfomance.

Page 5
THE JACOBS CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT Icontlnued)
FOR THE YEAR ENDED 5 APRIL 2025
FINANCIAL REVIEW (continued
Charitable activitie5 for the year lotalled £304,350 12024.. £40.1061 and cotnprise grants of
£289,750 12024: £22.483} and support costs of £14,600 {2024.' £17,623). Support costs include
governance costs (principally audit and statutory compliance costs) and relate lo the administration
of the Charity.
Reserves Policy
The truslees have examined the Charity's requirements for resources in light of the main risks to
Ihe organisation and have no outstanding commitments or cash demands that are not adequately
covered by existing resources. The net assets of the Charity are regarded as free reserves and the
available funds at 5 April 2025 will be retained to make grants in accordance with the Charity's
charitable objects and any policies.
The trustees consider that the freely expendable funds are appropriate and adequate t8king into
account plans for granls to be awarded in the future and therefore have at present not designated
any specific reserves. However, the trustees will keep this under constant review. In future years a
SP8cific rese￿eS policy will be adopted.
The balance held as unrestricted funds as at 5 April 2025 was £2,225,234 (2024.. £1,461,077}
PLANS FOR THE FUTURE
The legal proceedings relevant to the Estate of Lord Jacobs wer8 complet@d during the year to 5
April 2024 and Ihe Administrator of the Estate is in the process of finalising the estate
administration. Interirn distributions from the Estate totalling £2,565.865 {2025.' £1.000,000, 2024..
£1,565.865) have been received by the trustees, and it is anticipated that a residual distribution will
be received once the adminislration of the Estate has been concluded. The trustees intend to
utilise funds from th8 Estate to provide grants to other charities similar to Ihose supported by the
Charity during the lifelime of Lord Jacobs but retaining flexibility as to the liming and scale of grant
aking.
Approved by the trustees
and signed on their behalf by=
27 January 2026
Date
Trustee

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 1.the Charity.) for the year
ended 5 April 2025 which comprise Ihe Statement of Financial Activities (including Income and
Expenditure), Balance Shget, Statement of Cash Flows and notes to 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 th8 UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statemenls..
give a true and fair view of Ihe state of the Charity's affairs as al 5 April 2025 and of ils incoming
resources and application of resources. including its income and expenditure, for the year then
ended,.
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice- and
have been prepared in accordance with the requirements of the Charities Act 2011 and where
applicable, the Charities Act 2022.
Basis for opinlon
We conducted our audit in accordance wilh International Standard5 on Auditing IUKI (ISAS (UKI) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independenl of Ihe
Charity in accordance wilh the 6thical requirements that are relevant to our audit of the financial
statements in the UK, including the Financial Reporting Councils Ethical Standard. and we have fulfilled
our other ethical responsibilities in accordance wilh these requirements. We believe Ihat the audit
evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In audiling the financial slalements, we have concluded that Ihe trustees, use of the going concem basis
of accountin9 in the preparation of the financial slatemènts is appropriate.
Base(S on the work we 11ave perforrned. we nave not identified any maierial uncertainiSes reiatlng 10
events or conditions that, individually or collectively, may cast significanl doubt on the Charity's ability lo
continue as a going concern for a period of at least twelve months from when the financial slalements
are authorised for issue.
Our responsibilities and Ihe responsibilities of the trustees with respect to going concern are described in
the relevant sections of this report.
Other information
The trustèes are responsible for the other information. The other information comprises the information
included in the Trustees, Annijal Repnrt and Financial Statp.ments, other than the financial 8lalemenls
and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other
information and, except lo the extent otherwise explicitly stated in our report, we do not express any form
of assuran￿ conclusion Ihereon.
In connection wrth our audil of the financial statements. our responsibility 15 to read the other information
and. in doing so, consider whether the other information is materially inconsistent with the fi'nancial
statements or our knowledge obtained in the course of lh& audil or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required lo determine whether this gives rise to a materi81 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 infomation, we are required to report that fact.
We hav8 nothing to report in this regard.

Page 7
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE
THE JACOBS CHARITABLE TRUST (continued)
Ilatters on which we are required lo report by exception
We have nothing lo report in respect of the following matters in relation to which the Charities {Accounts
an(f Reports) Regulations 2008 require us lo report to you if, in our opinion:
the information given in Trustees, Annual Report is inconsistent in any material respect with the
Financial Statements., or
sufficient accounting records have not béen kept., or
the financial statements are not in agreement with the accounting records., or
we have nol received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustees, responsibilities slat8menl sel out on page 2. the trustées ar
responsible for the preparation of financial statements and for being satisfied that they give a tru8 and
fair view. and for such internal control as the trustees determine is necessary to enable the preparation
of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, th8 truslees are responsible for assessing the Charity's abilily to
continue as a going concem, disclosing, as applicable. matters related lo going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the Charity or lo cease
operats'ons, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Chariiies Act 2011 and report in
accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whelher the financial statements as 8 whole
are free from material misstatement, whether due lo fraud or error. and lo issue an auditor's report that
includes our opinion. Reasonablè assurance is a high level of assurance, bul is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considerèd 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 inslanc8s 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, includino fraud_ The e.xle.nl lo whic.h oiir procediirpg are. c.apable of de.te.c.ling irr8giil?ri118*
including fraud, is detailed below.
Our assessment of the susceptibility of the Charity's financial slalements to material misstatement,
including how fraud might occur, is considered to be low. This conclusion was reached after the
consideration of the following..
dLla tro the relatiiiely Si￿,ple business w,od81 a-. d low
mber of t..a￿Sa-
-lioYv within the nlar','ty t4er-
are comparatively few unexpècted fluctuation5 in Ihe reported results and balances and any such
unexpected items 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 lo override controls to effecl a fraud.

Page 8
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE
THE JACOBS CHARITABLE TRUST (continued
We designed our audit procedures to respond to identified audit risks. including non-compliance with
laws and regulations lirregularities} that are material lo Ihe financial ststements. Some of the specific
procedures performed to detect irregularities, including fraud, are detailed below..
the review of control accounts and jourrbal entries for large, unusual or un8Lrthorised entries.,
the analytical review of the detailed slatement of financial activities for variances that are either
unexpected or considered not to be in accordance with our understanding of the charitable activities
during the year,.
obtaining and reviewing for completeness 8 list of entities and persons considered to be related
parties las defined by Financial Reporting Standard 102) and reviewing ihe ledgers of the Charity for
previously unreported related party transactions-,
review of transactions and journals for any indication of fraud or management ovèrride or bias.. and
review of Irustees. meeting minutes for unrecord8d transactions.
Because of the inhèrent limitations of an audit. there is a risk that we will not deted all irrggulariti85,
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 to become aware of
instances of non-compliance. Thé risk is also greater regarding irregularities occurring due to fraud
ralher than error, as fraud involves intentional concealment, forgery, collusion. omission or
misrepresentalion.
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.uklauditorsresponsibilities. This description forms
part of our auditor's report.
Use of this report
This report is made solely to the Charity's trustees, as a body, in accordance wilh Part 4 of Ihe Charities
(Accouiils and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the Charity's trustees those matters we are required lo slate lo them in an auditor's report and for no
other purpose. To the fu118St extenl permitled by Saw, we do not accept or assume responsibility to
anyone other than the Charrty and the Charity's trustees as a body, for our audit work. for this report, or
for the opinions we have formed.
Rawlip,sop, Jt. Hunter Audil LLP
SlatLJtory Auditor and Chartered Accountants
Eighlh Floor, 6 New Street Square
London, EC4A 3AQ
Date:
R8wlinsoN> snd Hunt8r Audif LLP is 8lipib16 forappDinlm8nl 8S 8udilor of th8 Ch8ri1yby wrtue otits ￿1￿￿lIttY for 8P￿l￿ta5 8uditorofa company
under SecI￿n 1212 of Ihp Comp4ni0s AGI 2006.

Page 9
THE JACOBS CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
(ir•cluding Income and Expenditure)
FOR THE YEAR ENDED 5 APRIL 2025
Note
2025
2024
Income from:
Donations and Legaci8S
Investments
1,000,000
66.915
1,565,865
15,373
Total income
1,066,915
1,581,238
Expendlture on:
Charilable Activilies
Raising funds
304,350
373
40,106
Total expendlture
304,723
40,106
Net gains on investments
2,025
Net income
764,217
1,541,132
Reconciliation of funds:
Total funds brought forward
1,461,017
(80,115}
Total funds carried forward
£ 2,225,234 £ 1,461,017
There are no recognised gains or losses other than those included in Ihe statement of financial activities.
All incoming resources and resources expended derive from continuing activrties.
The notes on pages 12 to 16 form part of the financial statements

Page 10
THE JACOBS CHARITABLE TRUST
BALANCE SHEET
AT 5 APRIL 2025
Note
2025
2024
Fixed assets:
Inveslmenls
1,002,149
Current assets..
Debtors
Cash al bank
8.986
1,255,451
1,487,770
Total current assets
1,264,437
1.487.770
Liabilities:
Creditors.. amounts falling due within one year
(41,352}
(26,753)
Net current assets
1,223,085
1,461,017
Total net assets
£ 2,225.234 £ 1.461,017
Tho funds of the charity:
Unrestricted funds
2,225,234
1,461,017
Total charity funds
£ 2,225,234 £ 1,461,017
The Finap.cial Statements wero approved and authorised for issup. hy thp. truslpes 3.nd were signed
below by:
27 January 2026
Trustee
Date
The noles on pages 12 to 16 form part of the financial statements

Page11
THE JACOBS CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 5 APRIL 2025
2025
2024
Net Cash Flow from Operating Activities
Nel incoming resources
Less.. Investment income
Gains on investments
Increaselldecrease) in creditors
'Increase in debtors
764,217
166,9151
(2,0251
14.599
{8,9861
1,541,132
115,3731
(202,119)
Net cash Inflow from in operating activities
700,890
1,323,640
Cash flows from investing activities
Investment income
Purchase of investments
Proceeds from sale of investments
66,915
(1,086,820)
100,000
15,373
Net cash {outflowllinflow from investing activltles
(919,905)
15,373
Net (decreasellincrease In cash forthe year
£ (219,0151 £ 1,339,013
Reconclllation of net Gash flow to movement in net funds
Net cash resources at beginning of year
(Decreasellincrease in cash
1,487.770
(219,0151
148,757
1,339,013
Net cash resourcès at 5 Aprll
£1,268,755
£1,487,770
Analysls of net funds:
Cash al Bank
Cash with investment manager
1,255,451
13,304
1,487,770
£ 1,268,755 £ 1,487,770
The noles on pages 12 10 16 form part of the financial statements

Page 12
THE JACOBS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
ACCOUNTING POLICIES
The Jacobs Charitabla Trust ("the Trust" or "the Charity"}. registered charity number 264942. is
based and administered in the Unitèd Kingdom. The registered address is clo Taylor Wessing LLP,
5 New Street Square, London, EC4A 3TW. The nature of the Charity's operations and principal
aclivities are set out in Ihe Trustees, Annual Report.
The financial slatements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in
accordance with the Financial Reporting Standard applicable in the UK and RepLsblic of Ireland
IFRS 102) I'charilies SORP FRS 102.1 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 Accounling Practice. The Trust
constitutes a public benefit entity as defined by Charities SORP FRS 102.
The financial statements are presenled in sterling which is the functional currency of thè Charity.
The significant accounting policies applied in the preparation of these financial statements are sel
out below. These policies have been consistently applied to all years presented unless otherwise
staled.
Status of Funds
The entire resources of the funds are unrestricled and the trustees have complete discretion for
their use in pursuance of the Charity's objectives.
Income recognition
Donations and legacy income is recognised once the Charf(y has an entillemenl to the income, it is
probable that the income will be r8C8ived and th8 amount of income receivable can be raliably
measured.
Voluntary inGome and government grants derived from donalions and grants, including donations
under Gift Aid witk, the associated tax knredits are accounted for in the period in which th6 iar%ty is
entitled to their receipt.
Investment income derived from interest on income bearing deposrt accounts is recorded as and
when rec.pive.d.
Exp8ndituro recognition
All expenditure is accounted for on an accruals basis and is recognised when there is a legal or
constructive obligation committing the trustees to the èxpenditure, it is probable thal settlement will
be required and the amount of the obligation can be reliably measured.
Governance costs are those costs associated with the governan￿ arrangements of the Charity
and relate to the general running of Ihe Charity. They include costs associated with slalutory and
regulatory requirements, including the costs of the audit.
Financial instruments
The Charity only has financial assets snd financial liabilities of a kind that qualify as basic financial
inslruments. Basic financial instruments are recognised at transaction value, èxcept where
selllement is delayed, in which case the transaction is recognised at the present value of the
settlement amount.

Page 13
THE JACOBS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
ACCOUNTING POLICIES (continued)
Flxed Asset Investrnents
Investments are included at Closing mid-market value at the Balance Sheet date. Realised gains
and losses on investments are recognised on dispos81 of investments and 8ny unrealised gain or
loss on revaluation is taken to the Statement of Financial Activities. The determination of any gains
and losses is calculated by reference to the market value of such assets at the beginning of the
accounting period.
Taxation
The Charity is nol subject to any taxes on its charitable activities. Irrecoverable VAT is charged
against the category of resources expended for which it was incurred.
Debtors and creditors receivable I payable within one year
Debtors and creditors with no staled interest rale and receivable or payable within one yeai are
recorded at transaction price. Any losses arising from impairment are recognised as èxpenditure.
Cash and cash equlvalents
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 Statement of Cash Flows, cash and cash equivalents are shown net of any bank overdrafts.
Going concern
Th8 financial stat8ments 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
9eopolitical -tsnflict* have increased financial pressure on charities. The trustees h8ve however
considered the contingency plans in place, the level of funds held and the expected level of income
and expenditure for twelve months from the date of signing of these financial statements. The
trustees are satisfied the forecast income and reseNes are sufficient to cover all of the budgeted
expenditure lo be able to continue as a going concern. The trustees therefore consider the
adoption of the going concern basis in preparing these financial statements continues to be
appropriate.
Judgements and key sources of estimated uncertainty
The preparation of financial statements in accordance with generally accepted accounting
principles requires management to make estimates and assumptions in certain circumstances thal
effect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date 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
there are any estimates and assumptions that have a significant risk of causing a material
adjustment to the carrying amounts of assets and liabilities al the year end.

Page 14
THE JACOBS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Page
2025
2024
INCOME FROM DONATIONS AND LEGACIES
Distributions from the Estate of Lord Jacobs
1.000,000
1.565,865
£ 1,000,000 £ 1,5e5,865
INCOME FROM INVESTMENTS
Bank and deposil interest
Investment portfolio income
Accrued income allowances
57,943
17,865
18,893)
15,373
66,915 £
15,373
EXPENDITURE ON CHARITABLE ACTIVITIES
Grants awarded
UK Jewish Film (Charity No 10729141
Prism the Gift Fund (Charity No 10996821
Israel Philharmonic Orchestra Foundation UK (Charity
No 1168735}
Salmon Youth Centre (Charity No 278979}
Jewish Community Secondary School Trust (Charity
No 1107705)
The National Holocaust Cenlre {Charity No 509022)
BFAMI {Charily No 1171510)
Campaign Against Antisemitism {Charity No 1163790)
Holocaust Educational Ti [Charit￿. No 109L8SL j
Mavar (Charity No 1156754)
The Greenaway Foundation (Charity No 11878171
69,750
50,000
22,483
40,000
30,000
25,000
20,000
20.000
10.000
10.000
5.000
289.750
22,483
Support costs
Audit fees
Accountsncy fe8s
Legal fees
Bank charges
9,800
4,800
7,000
3,600
6,900
123
14,600
17.623
Total charltable activity
£ 304,350 £ 40,106

Page 15
THE JACOBS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Page
2025
2024
COST OF RAISING FUNDS
Investment cust(Kly fees
373
FIXED ASSET INVESTMENTS
InvgStment$ and cash held under management comprise:
Canaccord Wealth Investments
Cash held on portfolio used in investing activities
988,845
13,304
Total Investment Assets
10
£ 1,002,149
Canaccord Wealth Investmenls
Market value al 6 April 2024
Additions at cost
Disposal at carrying value
Nel investmenl gain
1,086,820
1100,000)
2,025
Market value at 5 April 2025
988,845
Net gains on investment assets
Nel iealised gains on sales
Net unrealised gains on revaluation
247
1.778
2,025
DEBTOR
Accrued incorne
8.986 £
CASH AT BANK
Coutts current account
Coutts deposit accounts
5,451
1,250,000
7,770
1,480,000
10
£ 1,255,451 £ 1.487.770

Page 16
THE JACOBS CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Page
2025
2024
CREDITORS- amounts falling due within one year
Audit fees
DLse to the Estate of Lord Jacobs
AccoL¢ntsncy fees
Taylor Wessing fees
16.800
9,252
8,400
6,900
7.000
8,952
3,901
6,900
10
£ 41,352
£ 26,753
10. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS
Andrew Hine is a consultant of Taylor Wessing LLP, the Charity's solicitors. Taylor Wessing was
owed £6,900 by the Charity, which remained outstanding as at 5 April 2025 (2024.. £6,900)
11. ULTIMATE CONTROLLING PARTY
The ultimate controlling party are the trustees.
There are no employees other Ihan the trustees. The Key management personnel of the Charity
comprise the Irustees, none of whom received any remuneration during the perioé.
2025
2024
12. FINANCIAL INSTRUMENTS
The carry amounts of the Charity s financial instrumenls are as
follows..
inancial assgts
Measured al fair value through SOFA..
Fixèd asset quoted investmènts
- Cash under managemenl
Cash al bank and in hand
- Debtors
15
15
15
15
988,845
13,304
1,255,451
8,986
1,487,770
Financial liabilities
Measured at amortised cost
Creditors due within one year
16
£ 41,352
£ 26,753