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.
Page 1 of 11
## **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**
Page 2 of 11
## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. 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**
Page 3 of 11
## **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**|
Page 4 of 11
## **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.
Page 6 of 11
## **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.
Page 7 of 11
## **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**|
Page 8 of 11
## **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**|
Page 9 of 11
## **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**|
Page 10 of 11
## **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**
Page 11 of 11