REGISTERED COMPANY NUMBER: 01rn938 IEngliHd ind W•ie•) REGISTERED CHARITY NiJMBER: 214408 rJiT MkN Tll D% C)II I'JIL Fllr AR'I. 11{ IINDAI, )N Leroy Reid & Co Chartered C¢rtifi¢d A¢countaNI8 299 NortbborO￿gh Road Norl)ury London SW164TR JAMAICA LIMITITD CONI'F.NT.S OF Tiif, FINANCIAI,.SI'ATF.MTr:NTS K'I'HTr: y￿AR F.NDV.D VLMB V.R 2112 Pl R¢f•ren¢e *#d Adthl*tstrA¢lve detsl Report olthe trwte Ihd¢p¢Kd•nt •Aimln¢r'• r•port St*l•ment of IINAn¢lAI 4¢¢lvltl IAnEO iheet NotH h) the nnaftdil •tit¢m¢*ts 7 to 10 Il¢till¢d Jtattm•a¢ of flTr•nd41 •¢tlvltl 'Rll.: I)A'I'I(>N ()I,' JAMAICA LIMITED 111,:N'('I,' Atyf) ,111)I IINI%'I'IIA'I'IVI,' I)Tr'.'I AII_4 AR Tr iYI)b:l) IDI. l N()Ilb'.hlllb-.11211Z4 TRUSTEES Mi&4 Loma Gyeert DipswniE (Chai￿¢￿]) Mi¥ss EurK9 Shaw BA Mrs Dihli• Sl¢ilin8 MA, RN, RHV COMPANY SECRETARY Ms S V Isa&¢ Polson REGISTERED OFFICE 299 NorthbDrouRh Ro4d Norbury SW164TR REGISTERED COMPANY NUMBER 01773938 (Engi8nd and WBleyl REGISTERED CHARITY NVMBER 2¥4408 tNDEPEP4DENT EXAMINER Leroy Reid & Co Chirtercd Lcrlified Accountants 299 Northtrrf>rouyh Ro&d Norfoury London SW164TR P8ge I 'i' tr'() JAMAICA LIMII'ED INDI'I'I()N 01.. 'I'RII%I'LL li()ft'I'IIE I'LAIt I,-Nl)I,'l> 311'1'11 N()Vl,'fvllll.: Tlie tw%l¢es who re ul%0 direcloT5 of tli¥ Lliariiy lot the pil￿OSe5 of tlie Coii)panics Ail 2006, prrscni tlieir r¢piTrrt willi the rinuD¥l￿1 51atL'iii¢nts of Ilie ¢lwTily for Ilw year cncled 30ih Novembcr 2024. The t[￿t￿¢S I￿¥L adopted Ilie pi'<)VlbiOnS of A¢counlin8 uiid ReportinB by C.hariii¢$.. Siuleinenl uf RecoiiiiiiiiidL'd Prhctice 8pplicablc to cha¥ilios prkyaring tlieir acc(iiinis in 8ccoid4t)CL' willi ihe Financial Rwfting Siaiid41A4 ayplicable iii 1114 UK and R¢puhlic of Ir¢land IFRS 1021 leffeciive l Jwiiiury 201CJI. nBJECTIVF.S AND ACI'IVITIE8 Obli'cllvt¥ urhd Tli¢ Cliai'iiy's ¢)bjc¢l Iiiid it5 prin¢ip41 aLlivity ¢oniilluLY lo bE-. lol I'o pi'i)li￿le 4iJrli r¢seaKh niid pobl gi'o(liilllL iyuiniiig by ¥rLil1inL Icllowship by makinu 8niiis (h) Tu pvomoic heiilili cdiiLiilivri in %iicli ￿libItC1¥ rLIMIiiw ILI Ilie Hn(I CiTcuIHiion nnd Ihe VoluThtccYs The ¢hyi'iiy (% dLpcnd¥nr upoii Ihtt %ervi¢&8 i>fuhrAid v(IlunteoLb and diinalionb in kiiid ACHIEVEMENT AND PLRFORMANCL Chqrltiihlt A¢tlvltlei t)urin8 Ilic yLHr, Ilie foll(>win¥ ilonlltiuns werL in4de'. Heurt Foiindulion ol'lwnaica Limil¢d- £l.%,OUI)12ll23- £15,000) FINAP4CIAL RFVIF.W Flnyrtclol posltbon Tlie %tHi¢ment nl. finnnciTrl ￿ctivitIc% ¥hows ofÉ2.11%1 when LonipMr¢d to the loss in IhL' pirvioui y¢Hr of£2,P)O, InwtNtment ptsllty and iiblectlvei Under tlic In¢iiIor￿n(Ililil un4J urticles of o$ytibiaiiun, IhL ihiii'iiy ha% Ihe i?iJwrr i(? li)Rke aiiy iiivc%lm¢nl whiLli Ilie Irusli'L% see lil. 'fhe l(Ilf&l¥e% hAvL coiisid4red Iliat Tn051 ttppYopri&lc pi>Sicy for invesiing fuiids and have luuii(l thul ll d¢pobil acciiutht RL'StI'vip* pnllty Thc i)I'¢%¢nl level of f(11)dinx 1% adL4u41e iii 4upi?orl iliE LoiilinuHlinn thfthc ch*riry lur Ihe mediiiin t¢mi, ¥nd Ili¢ tri￿tte8 TRUCI"UIiL, GOVERNAf4cE AND MANAGEMkN'r C•ov¢riilR¥ d￿11th¢￿t Th¢ ilini'ity ib ioiiir()IILd by it5 ¥ovcniinL duLuIML*nL vf ITU51, ynd ci)n411tulL's u liirit¢d ¢¢ 2 IC FRIL HkART V JAMAICA LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2024 STRUCTUR& GOVERNANCE AND MANAG'EMENT P4tr0Th8 Thc fullowing PeTsoni 0l¥Rnisalions hawe supported the charity over the y¢or% and wc are cvcr 8Q grateful for their t1￿c, dcdic8tion and cornmitm¢nt. They air.. l. The Jaillai￿n High Lominissioner. 2. Prokssor Tony Leiba PhD. 3. Dr K. A. Eai'lc, Consultant BS¢ MD fRCP. 4. Dr. W. A. Mrtrtin. Bsc. Mft. BS. FRCP. 5. Dr Dwiyht Llndo, Cansultsnt MBBS MSL FRCPI FRCPCFI 6. Mrs W Smikle. ReliTed NuThe 7. L. Robiiison 8. Mi85 D¢borah Bryan LLLI IHf)nyl Baiy'istcr al L&w, Approved by urd¢T ¢Jf th¢ buhrd of Inwl¢e¥ on Ioih M&TLh 2025 and Niyiicd on ilA behalf by.. MTh Dahlia Sterlin¥ MA, RN. RIIV - Tru8t P&8e 3 'rii 'rRL15TF.Tr.S THE FRIENDS1 L)F THF IIFART 14()UNDAI'J() JAMAJC.A LIMITF.t) Indopendent txfimlner'¥ rewri to th¢ trusttej ot The Frk'•d$ of th¢ Hurt Found8tlon of JamalrA Umlted I'the Compuny'l Tcporl to the ¥h4rity tnjstees on Jny examiTWtion accounts ofihe Company fDr Ihc yelr ended 30th No¥embEf 2024. Ruponslhlutlei and bfiAli of report Ax the charity'5 ITU¥t¥¥5 of th¢ Compony land al*0 its dir¢clor¥ for thc purpusc¥ of Company law) yixi Bre ￿pOnsible fw th¢ prepaTatioii of lh¢ HeLounts' in ULcurdHiice wilh Ihe r¥quir¢nxnly ofihe Companies Act 2(K>6 ('Ih¢ 2(M>fj Act'l. Having %8tisficd inyyelf thul th¢ atcoui)ts ofihe Coinpuny aro not rcquiTed to be audiicd undcr Part 16 of the 2006 Act and eligible lor indEpcndenl exainiiigtion. l Tcpori ift resp¢¢l ol. Iny ex&ininalion of yi)ur ihuri¢J'¥ as corried o iind¢r 8¢ction 145 tkf Ihc Ch&riti¢s Act 2n1 I I'the 2011 Aci,). In em￿yIng1 oul Iny exiiiDinatioTh I hJvc foJlow¢d the Dircdion8 ¥ivo11 by tlic Ch&rity Cominisgion und¢r Section 145(S1 Ibl of Ihe 2011 Act. liid¢pendtnt ex•mlnor'i 8tatsmeNt T have coinplei¢d Iny cxHininal¢on. I confirni thnl iiu hove ¢vme to my atientlon Ln GollTh¢¢tsvn with Ihe ex•mlnation iviiig nie CaUBC 10 bcliLvv'. ¢counlin8 I'¢COrd￿ WOTC noi kepl in Jrspect of the Comwny as wuirnd by Se¢tion 386 ofthe 21y)6 Aty., or Ihe accouhig do D(Trt a¥¥(>Td with those ￿0rd￿,. nr Ihe #¢count% do not Lolhply witli the aLrounting Tequircmonis of SeL'lhon 396 of Ihc 2006 Act oiher IhaD any requirement that thc accounts Siv¢ 8nd laii. view whieh 1$ not 8 Inull¢r comidered as parl ofln irntepettdent #xaininJlion' thr th¢ %ccoiint8 h&v¥ noi bcen prcpur¢d ith o¢¢ordanie with the method8 principl¢s ol. Iho Si4tcmcnl vf R¢4'iiinm¥nded Prarliri tor &LCOLiniinM Hnd r¢ptsrtin¥ by ¢h¥riiiea18pplicablc lil th&ritics prcpMrin8 their qccoiinis ITh a￿￿1￿1￿16¢ willi ihe FinRi￿1￿7 RcpÉ>rting Sland&rd Jppli￿bIv in th¢ UK alld R¢public of Ir¢land IFKS 10211. I hawe no Lorttrn8 Jnd hllve ¢omc acr￿8 no o*h¢r mHtIcTY Ln conn¢ction with the ex41nlnaiiL￿ io whi¢h uitcntioll bhould be dr¥wii in this ￿port in v¥¢J¢i' t¢) enablo a proper und¢r¥*ndin8 of th¢ o￿ounts to be reuched. Ebenez¢r Oklll IBSC), fccA Leroy Reid & Lo Ch4rterL.d C¢rtili¢.d A¢couniMnty 299 NniihknDu¥h Ruud Norbury Lol￿0￿ SW164TR lthh Miircli 2025 Page 4 THF FRIV.NT) VT7IE Trlb JAMAICA I.IMI'I'ED NOY S'l'A'I'b:MFNT OF fiNANC.' R'I'FIF. YF.AR F. )kD 30TH NoVF,Mll￿,R 2024 2024 Unreitrlc¢ed fuud 2023 Totgl d$ Not IIYCOMK AND ENDOWMENTS FROM Othtr trthdin8 Ictlvitles EXPENDrrutiE ON Chirl*able &ttlvlt1¢8 ChuritAblc activit1¢8 38 NET INCOMEIIEXPENDITURE) {2,081) I2.7￿) RECONCILIATION OF FUNDS Totol fund8 1x￿u￿h1 forwoTd 28,820 31.610 TOTAI. FUNDS CARRIPD FORWARD 28.R20 Th¢ notes foTh prl of the8¢ financiil xtlltemvnts Page 5 JAMAICA LIMITED LA lTr.F. 30'1'H .-•iMLI￿.R 2024 2024 Unre*irlcte fund 21123 fun Note* CURRENf A&SETS C&%li ai JII,9N7 29,3 CREDITORS Am0￿￿1$ rolling du¢ withTn onc yL4 {4,248) (41101 NET CURRENI. ASSETS T(YfAI, ￿•&￿Ts LFSS CURRENT LIABILITIPS 26,739 28,R20 NET ASSETS FUNDS UnreRlri¢￿d fuNJ TOTAL IfuNDS 21) 7.19 20,739 2X ￿211 2I.X21J The c￿lrI1&ble coittpohy is ¢ntltl¥d to ¢x￿nplYo￿ fnTrm uudit IindLY Slcllort 477 ot. the Lompanie8 Act 2(X)6 for the year ndEd 30th November 2024. Th¢ ii)einkY% hive not rcquiiY,d the rminpnny In nht8in in Niidit of 11$ finftncial Matem¢nt• fur the yeBT ondod 30th NovL•mbci' 2024 in accordanc¢ wilh Seiiion 476 ofthc Cthiip8ni¢s A¢¢ 2006. Th¢ ￿￿￿1￿￿5 ucknowlBd¥r their rtspr)iisibiliiit8 fi>r cnyurin¥ thBI the cli4riiAblv coinpllny keep3 a¢ctsuntin¥ rewrd5 Ihul eoinply with Seciivns 386 and 387 of th¢ Comi)•ii)e% Aci 2(M)(> and Pre￿ring fin8n¢iyl ¥toleinent¥ wliich ¥iv¥ a irne and f8ir vi¢w ofih¢ ¥tute of a(f4irg of the ¢hwitablc coinpany &8 At th¢ cnd o( euch finmnciul y¢ar and of li¥ burplu¥ or deficit for ¢kch finuiKi41 ye8r iii I￿ord￿lICe with Ihc iiirenienl$ ot. Se(¢ioiii 394 a(Hl 395 and which otherwiRe ¢umply with the i'¢4uiremenib of the Coinpanies Act 2006 relAiing io finatteiNI 8trLleinents, go far appli6￿bI¢ k> the chthrilthhle wiwrty. Ib) ThL4e fin&￿IllI ¥taiemcnl& have been Ivepored bn dc¢nnlan¢L' with th¥ provision% appli￿bI¥ 10 ehaTltabl¢ ¢ompanics Jubj￿1 io the Kmall wmp&nieE re8ime. The finunci¥l &talcmtn15 were approvod by thc Board of I'ruyleeJ #nd Muthvri¥ed for i$¥w on Ioih MuTLh 2025 WUE 51grted on ilx khoifby., Lorn& Cireen r)i￿%w1Hl" .1 ru%t¢o Tlie noies fortn parl of these financ6xl 8la*mEnty Pagc 6 .IAMAK A LIMITED 'b's'i'o'riiy i.'INAN 'IAL 4I'A'I' R THE YEAR F.NDED 30THN()VTr.MIIEK 202 ACCOVNTINC POI.ICIF,S BASISVF PRF.I)ARINC'I'III FINANCIAL ¥TATEMENTY i)repai'ed in accoi'dance with Ilie ChArilie% 8ORP IPIIS 11121'A¢wLinling llnd Rcw)rling by C'.hai'iii¢$'. Si8l¢meni of 2l¢ciinitneiidcd P)'4eliLe oppli¢thbl¥ 10 ¥htiriiicg prepariiLg IIiLif dCiOilliiS irb dcLurdan¥¢ with the Fit)aniial lieportinb sluiidard 8pplIL￿hle in iliL UK Rcpul?li¢ ol. Ir¢luiid IFIIS 1021 l¢ffective l Janiittry 2111 Yl,. FiiiHnci41 Keptsiting s￿n(la[￿ 102 'The Finjncial l<¥poriTh¥ Siiiiidiii'd 4ppli¥¢ibl¥ in th¢ UK and RcpuhlTC of Ir¢luiid' atid IliL' Cotnpuni¢ ALI 2(M16. T1￿ finallciul &lulein¢nL¥ li&v¢ b￿17 prepaird undei. the liisluriLJl Lo¥1 LL)ThVCJittoii. INCOME EXPENDITUR L.iubiliric8 HI'L, r¢co8Ni4Lbd cxpenditiirL liix)n as lI￿re li u l¥giil i)r LthiiylriiLliVL obligaiiijn LDinii)illiiig the LliaTity tu Ilidt Lxw-iidiiiire, il is pr(ibdblc that ￿ IrA11sfL'I' lif ￿01701n1L bciicfils will l￿ rcquircd ii) 8eitlcmtiil und th¢ rnounl i?I' Ilir ubliKaliim ¢iirt b¢ meu8iJr¢il rvliobly. F.x1)e￿d*¢Ure 18 aLcouniccl for on uii UL¢nial% bti¥i¥ thiid hoy b¢cn OrMiil¥ 01lbr￿1 YLibjLCI 10 Lonilitilbll.% wliiLli hHve nni keli Illel ill Ihe y{￿r Lnd d4tL UTC iuJ¢Ld as t¢ ¢uinmitmeiii bul llul llccrul￿d u5 Lxpinditurc. I'ANC:IRI,I,; FIXF,D ASSF.T DL'preLIHiiiin i¥ pi'ovidL'II tsi ralL'¥ L#leiilui¢'il 10 wri1¢ iiff IhL ¥(Isi uf fiK¢d £i%8¢'t¥,1¢85 tlieir ¢&iiinht¢d IL%idunl vall￿. OI. OVL'r IhL'ir exprLIL'cl Li¥etul IivL'.4 ni) Ihe lolli)win¥ biia¢'4', Lwiipulcr E4iiipiiiciil 20% Reducing fiuliinLL B41is 'I'AXATI()N FVND ACC".nUNTINC Ui)Ir8iri¢tL'd flind% can be URe(l in aLLonluiice with IhL LhiiTllablc vbjcclives al IliL diFLreiion of IhL truyICe￿. iirisc wlii'n hpi¢ili¢d by IhL dunor or wliL'ii ftsii(18 nre rijised lor parti¢iil£ii' IlSli'iLfe¢J purpo$L&. urtFKr ¢xplunthiion (Il'ihe I￿tilre pMrpoy¥ ()fe4¢h fiind incliidc(l in Ilie iiulcx lo ilie liiiMnLilll ￿ttlement.4. Puge 7 continutd.. FRIEND Tl JAMAICA LIMITI4D ANCIAL STA'I'b.'MLN'I'S- £iiiillrb ND 30 NO V,R2 FOR TIIR YEAR OTITFR TRADING ACTIVITIF.S 2024 2023 FUtulrai$1n￿ even 35,758 CHARITABI.l AcfiviTl£S C(Jsr8 Dlrecl Colts (Ke Grant fundlog or actlvltte4 To¢AI• Chllrilable activities 39 5(Tr2 DIRECT COS'I3 UF C.HARITABLE ACTIVITIES 2024 2023 Post&go ytthtiun¢ry FUndr￿ls7￿8 and gp¢Li¥l rvenls ALcounlancy 235 22.595 $64 480 537 745 49 4()5 Bank char8e& In$urBncc 4&7 TRVSTFWS, REMUNF.RATION AND BENKFIT Ther¢ were 110 iN¥tee$' r¢iiiuiiei'4tion or other b¢n¢fiL8 for thc yoar &￿￿ed Joth November 2024 nor for the y¢or nded 30tli N(Iv¢mb¢r 2021. I'RUSTEPS, RXPENSES Tlicre were no Iiiiit¥cW PAid for tho ycar ¢ndod 30th NOv￿￿￿T 2024 ni)r fur lh¢ year end￿1 30th November 2023, TANGIBLE FIXKD ASSETS Computer equlpmoht OST Af Isl Dr￿mber 2(>23 and joih NovEmber 2024 DEPRV,CIATION At 181 Deceinb¢r 21123 arKI 30th November 2024 NET B(M)K VALU Al 10th Noveiiiber 2(J24 A(30tli Nuv¥iMber 2023 1,430 P4ge 8 ctbntinuEd... '. l.'Rlb:N 'r i.'I JAMAIC."A I.JfvII'I-I,:I) () I.'VR-I'III.' I'l..IlR I,'NI>P.'I).IV'I'II N()I..1..￿ll51..I4l1Tr24 CREDITORS: AMOUNTS FALI.ING DUE WITHIN ONR YEAR 21124 21J23 Accrued expcn8es 4,248 MOV&M£N'f IN FUNlkS Net movemeAt funds Al 1.12.23 At 31111.24 Unr¢Jtrleted funth Ci¢n %'l',I' 'I' ()I.- I,'INANffjIAl+ i!("I'lVI' ,i)It'I-111,: I'l.:All tr.'NDI,'II.I(I'I'II N(Trl. I,:Nljl{,:El ?U24 2024 2023 INCOME AND ENDOWMKNTS Other tr4dlNg •c¢lvllle• FundrAi%ing events TotAI Inwmikg re•ouTC .17.4KI 17.4x1 EXPENDrruRK CkqvltAM¢ aetlvltl P￿ts1￿¢ and st4tlonery Punthai8in8 Ind fjpeciul event% Ac¢ount4n4y Hllll Hire Bank ch¥rgei IMuranc¢ Qrnnll to iniiilurit4]1 23J 21,517 537 745 49 46S 15,0(X) .111.$4M 22,595 564 480 487 Toial resour¢e8 ¢xp¢nded Net expendltur¢ 3Q.-$0? 2.7901 This PgBe do¢& not form Df the st*tutory finanoial Slatcrnents Pa￿11