Charity Registration Number : 280025
THE J AND M CHARITABLE TRUST
A CHARITABLE UN-INCORPORATED ASSOCIATION TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025
THE J AND M CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 05 APRIL 2025
| Trustees | Andrew Kemble |
|---|---|
| Gillian Kemble | |
| ROBERT PAYMAN | |
| LINDA JANET PAYMAN | |
| Charity Number | 280025 |
| Registered Ofce | 16 Kidderpore Gardens |
| London | |
| NW3 7SR | |
| Investment Advisors | Investec Wealth and Investment Limited |
| 30 Gresham Street | |
| London | |
| EC2V 7QN | |
| Independent Examiner | EHK Consulting Ltd |
| 434 Finchley Road | |
| London | |
| NW2 2HY |
THE J AND M CHARITABLE TRUST
CONTENTS
FOR THE YEAR ENDED 05 APRIL 2025
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
THE J AND M CHARITABLE TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 05 APRIL 2025
The trustees present their annual report and financial statements for the year ended 05 April 2025 .
TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their report and financial statements for the year ended 5 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective from 1 January 2019).
Objectives and activities
The object of the trust is to apply the capital and income of the trust fund for such charitable purposes as the trustees in their absolute discretion think fit. The policies adopted by the trustees in achieving these aims are to make grants to suitable organisations themselves charitable in nature.
Public benefit
The trustees have given due consideration to the Charity Commission’s published guidance on the public benefit requirements. The trust constitutes a public benefit entity as defined by FRS 102.
Grant making policy
All proposals for grants are generated internally and the trustees regret that they do not consider external applications for funding.
Plans for the future
The trustees intend to continue providing grants in a similar way to the recent past continuing the emphasis on charitable causes but retaining flexibility as to the timing, and scale of grant making. The trustees have no immediate plans to modify or radically change any of the objects, activities or policies of the trust.
Investment policy and performance
There are no restrictions on the trust’s power to invest and the trustees have not adopted an ethical investment policy. The investment managers have been instructed to manage the portfolio on the basis of greatest income consistent with security and protection. Investment performance during the year was considered satisfactory.
Reserves policy
It is the policy of the trust to maintain unrestricted funds at a level which, on investment, generate sufficient income each year to allow the trust to carry out its charitable activities (making grants) and cover administration costs. Expenditure on charitable activities is variable year on year, dependent on levels of income generated from the trust’s investment portfolio and the overheads of the trust are minimal.
The charity held unrestricted funds of £1,330,319 as at 5 April 2025 (2024: £1,342,076). The trustees consider this level of reserves to be adequate for the above purposes.
Achievements and performance
The Trustees continued to give grants to support various charities registered in the United Kingdom. During the year 19 (2024: 17) grants totalling £45,950 (2024: £43,000) were approved. The trustees consider that the grants represent an appropriate exercise of their discretionary powers. Details of grants made are given in note 6 to the financial statements.
Financial review
The trust is reliant on income generated from its investments. The trust received income of £61,449 (2024: £56,669) during the year. After making charitable donations of £45,950 (2024: £43,000) and paying administration expenses of £2,640 (2024: £3,540). The trust made a net gain of £11,719 (2024: net gain of £5,320) on its investments.
The trustees have assessed the major risks to which it is exposed, and are satisfied that systems are in place to mitigate exposure to these risks.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025
Structure, governance and management
The J and M Charitable Trust is an unincorporated body, constituted under a trust deed dated 11 August 1979 and is a registered charity (no. 280025). The trust was established by initial gift from Mrs. Maud Whiteley. The trust does not actively fundraise and maintains a careful stewardship of its existing resources.
The trust deed provides for a minimum of three trustees and a maximum of seven trustees. The power of appointing new or additional trustees is exercisable by the trustees. The trustees meet at such intervals as they consider appropriate.
The trust has no employees or volunteers to assist in its running; the daily administration being carried out by the trustees themselves.
The trustees who served during the year and up to the date of signature of the financial statements were:
Mr A Kemble
Mrs G Kemble
Mrs L Payman Mr R Payman
This report was approved by the trustees and signed on its behalf by:
Andrew Kemble,Gillian Kemble,ROBERT PAYMAN,LINDA JANET PAYMAN Trustee
Date : 01 December 2025
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THE J AND M CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 05 APRIL 2025
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE J AND M CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of The J and M Charitable Trust (the charity) for the year ended 5 April 2025.
Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Name: M E H Khan for and on behalf of EHK Consulting Ltd
Date: 01 December 2025
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THE J AND M CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 05 APRIL 2025
| Recommended categories by activity Notes Income and endowments from: Investments 2 Total Expenditure on: Raising funds 3 Charitable activities 4 Total Net income/(expenditure) before investment gains/(losses) Net gains/(losses) on investments Net income/(expenditure) Other recognised gains/(losses): Gains and losses on revaluation of fxed assets for the charity’s own use Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 61,448 61,448 16,673 47,690 64,363 (2,915) 2,252 (663) 9,467 8,804 1,352,890 1,361,694 |
Total Funds 2025 £ 61,448 61,448 16,673 47,690 64,363 (2,915) 2,252 (663) 9,467 8,804 1,352,890 1,361,694 |
Total Funds 2024 £ 56,669 |
|---|---|---|---|
| 56,669 | |||
| 18,781 46,540 |
|||
| 65,321 | |||
| (8,652) 12,711 4,059 (7,391) |
|||
| (3,332) 1,356,222 |
|||
| 1,352,890 |
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THE J AND M CHARITABLE TRUST
BALANCE SHEET
FOR THE YEAR ENDED 05 APRIL 2025
| ALANCE SHEET OR THE YEAR ENDED 05 APRIL 2025 |
||
|---|---|---|
| Recommended categories by activity Notes Unrestricted funds £ Total Current assets Investments 1,330,319 Cash at bank and in hand 8 34,016 Total current assets 1,364,335 Creditors: amounts falling due within one year 9 2,640 Net current assets/(liabilities) 1,361,695 Total net assets 1,361,695 Funds of the Charity Unrestricted funds 10 1,361,694 Restricted income funds 10 Endowment funds 10 Total funds 1,361,694 |
Funds 2025 £ Total 1,330,319 34,016 1,364,335 2,640 1,361,695 1,361,695 1,361,694 - - 1,361,694 |
Funds 2024 £ 1,342,076 14,354 1,356,430 3,540 1,352,890 1,352,890 1,352,890 - - |
| 1,352,890 |
The financial statements were approved by the trustees on 01 December 2025 and signed on its behalf by:
Andrew Kemble,Gillian Kemble,ROBERT PAYMAN,LINDA JANET PAYMAN Trustee
Date : 01 December 2025
Page 5 of 11
THE J AND M CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2025
1. Accounting Policies
Charity information
The J and M Charitable Trust is a registered charity (no: 280025) and is governed by its trust deed. The registered office address is 16, Kidderpore Gardens, London, NW3 7SR.
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1.1 Basis of preparation
1.1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective from 1
January 2019). The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these
financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention modified to include the fixed asset investments at fair value. The principal accounting policies adopted are set out below.
1.1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.1.3 Incoming resources
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
1.1.4 Resources expended
Resources expended are recognised in the period to which they relate.
Direct charitable expenditure comprises all the expenditure relating to the activities carried out to achieve the charitable objectives.
Grant payable comprise donations related to the objects ofthe charity and are charged in the year when the offer is conveyed to therecipient.
Governance costs include costspayable to the independent examiner and other costs incurred in relation tostatutory and constitutional requirements.
1.1.5 Fixed asset investments
Fixed asset investments areinitially measured at transaction price, and are subsequently measured at fairvalue at each reporting date. Changes infair value are recognised in net income/(expenditure) for the year.
Trustees
None of the trustees (or anypersons connected with them) received any remuneration or benefits from thetrust during the prior or current year.
Employees
There were no employees duringthe current or prior year.
Related party transactions
Therewere no disclosable related party transactions during the current or prioryear.
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1.2 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other financial instruments Issues' of FRS 102 to all of its financial instruments.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
1.3 Critical accounting estimates and judgements
The trustees are satisfied that there are no material estimates orjudgements in the financial statements.
2. Income from Investments
| Analysis Bank Deposit Interest Deposit interest Dividend from UK Unit Trust Dividend income Dividends from REIT Interest from UK Unit Trust Interest income Overseas Dividends Overseas Interest UK Dividends UK Interest Total |
Unrestricted funds £ 139 272 3,572 - 3,651 12,125 - 6,338 5,295 29,256 800 61,448 |
Total funds 2025 £ 139 272 3,572 - 3,651 12,125 - 6,338 5,295 29,256 800 61,448 |
Total funds 2024 £ - - - 48,077 - 6,010 2,582 - - - - |
|---|---|---|---|
| 56,669 |
3. Expenditure on Raising Funds
| Analysis Investment management costs Total Support Costs |
Unrestricted funds £ 16,673 16,673 - 16,673 |
Total funds 2025 £ 16,673 16,673 - 16,673 |
Total funds 2024 £ 18,781 18,781 - |
|---|---|---|---|
| 18,781 |
4. Expenditure on Charitable Activities
| Analysis Donations Total Support Costs |
Unrestricted funds £ 45,950 45,950 1,740 47,690 |
Total funds 2025 £ 45,950 45,950 1,740 47,690 |
Total funds 2024 £ 43,000 43,000 3,540 |
|---|---|---|---|
| 46,540 |
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5. Support Costs
| Analysis Support Costs Governance Costs Independent examiners fees Accountants fees |
Total funds 2025 £ - 1,740 |
Total funds 2024 £ 1,000 2,540 |
|---|---|---|
| 1,740 3,540 |
6. Analysis of Grants Paid
6.1 This Year
Grants Paid:
My charity has made grants to particular institutions that are material in the context of its grant making. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site.
| Grants to institutions |
Purpose | 2025 £ | 2024 £ |
|---|---|---|---|
| Jewish Childs Day | Education/training/religion | - | 4,000 |
| Side by Side | Education/training/religion | - | 2,000 |
| Chai Cancer Care | Medical/health/sickness/poverty | 6,000 | 6,000 |
| HatZola | Medical/health/sickness/poverty | - | 250 |
| Heart Cells Foundation |
Medical/health/sickness/poverty | 1,000 | 1,000 |
| Jewish Women's Aid | Medical/health/sickness/poverty | 2,000 | - |
| Magen David Adom UK |
Medical/health/sickness/poverty | 5,000 | 5,000 |
| Noah's Ark | Medical/health/sickness/poverty | - | - |
| North London Hospice |
Medical/health/sickness/poverty | - | - |
| Jewish Care | Medical/health/sickness/poverty | 6,200 | 6,000 |
| Norwood Ravenswood |
Medical/health/sickness/poverty | 6,000 | 6,000 |
| Sponsor a Child | Medical/health/sickness/poverty | - | - |
| The Chicken Soup Shelter |
Medical/health/sickness/poverty | 1,500 | 1,500 |
| Ditto | Medical/health/sickness/poverty | 1,500 | 1,500 |
| Nightingale Chanel | Medical/health/sickness/poverty | - | 500 |
| World Jewish Relief | Medical/health/sickness/poverty | 6,000 | - |
| Nightingale Hammerson |
Accommodation | 5,000 | - |
| British Friends | General | 250 | - |
| Dorfman FT | General | - | 250 |
| Community Security Trust |
General | - | 6,000 |
| UCL | General | - | 1,000 |
| JW3 Development | General | 2,500 | 2,000 |
| Royal Academy of Dance |
General | 1,000 | - |
| Dementia UK | General | 250 | - |
| Boys Town | General | 250 | - |
| BFAMI | General | 1,000 | - |
| Keren Shabos | General | 500 | - |
| Total | 45,950 | 43,000 |
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7. Investments
| Cost of Valuation | ListedInvestments £ | ListedInvestments £ | |
|---|---|---|---|
| At 6 April 2024 | 1,342,076 | ||
| Additions (Purchases) | 35,960 | ||
| Gain/(Loss) on revaluation of investments |
9,467 | ||
| Gain/(Loss) on disposal of investments | 2,252 | ||
| Disposals (Sales) | (59,441) | ||
| Accrued interest and other differences adj. |
5 | ||
| At 5 April 2024 | 1,330,319 | ||
| Carrying amount | |||
| At 05 April 2025 | 1,330,319 | ||
| At 05 April 2024 | 1,342,076 | ||
| 2025 £ 2024 £ Investments at fair value comprise: Equities 884,158 891,060 Fixed interest securities: 446,161 451,016 1,330,319 1,342,076 |
|||
| 2025 £ | 2024 £ | ||
| Investments at fair value comprise: | |||
| Equities | 884,158 | 891,060 | |
| Fixed interest securities: | 446,161 | 451,016 | |
| 1,330,319 | 1,342,076 |
8. Cash at bank and in hand
| Barclays Premium Account - 00500208 Investment Capital Account Barclays BBA Account - 80500011 Total |
Total funds 2025 £ 25,917 8,099 - 34,016 |
Total funds 2024 £ 13,058 1,296 - |
|---|---|---|
| 14,354 |
9. Creditors: Amounts falling due within one year
| Accruals and deferred income Total |
Total funds 2025 £ 2,640 2,640 |
Total funds 2024 £ 3,540 |
|---|---|---|
| 3,540 |
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10. Charity funds
10.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds Unrestricted General Funds 1,352,890 61,449 64,363 - 11,719 1,361,695 10.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds Unrestricted General Funds 1,356,222 56,669 65,321 - 5,320 1,352,890 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ |
|---|---|---|
| 1,352,890 61,449 64,363 - |
11,719 1,361,695 |
|
| 1,356,222 56,669 65,321 - |
5,320 1,352,890 |
10.2 Details of material funds held and movements during the PREVIOUS reporting period
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