2022-09-30-accounts

CHARtrY REGISTRATION NUMBER: 288417 JOHN JAMES BRISTOL FOUNDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS 30 SEPTEMBER 2022

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 Contents Page Report of the TnJstee5 2-10 Independent Auditorfs Report 11-13 Statement of Financial Activitr'es 14 Balance Sheet 15 Cash Flow Statement 16 Notes lo the Financial St*em8nts 17-27

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES TRUSTEES. REPORT The trustees of the John James Bristol Foundation {1he Foundation.) present their annual report for the year ended 30 September 2022 together wrth the audrted financtal statements for that year. REFERENCE AND ADMINISTRAllVE DEfAILS The John James Bristol Foundation is a registered charty. Its Wistration number is 288417. The present trustees and any past tnjstees. who sErve(I during the year, a￿". Joan Yvonne Johnson (chaim￿n) David William John50n EIEabeth Dawn Chatnbers John Barrington Evans Andrew James Jardine Andrew Chades Webley John Michael Haworth Ivice-chaimian) Peter Waudby Goodwin Nicola Parker Julia May Norton The Chief Executive is.. Louise O'Donnell The Foundatton operdtes from". 7 Clyde Road Redland Bristol BS6 6RG PRINCIPAL PROFESSIONAL ADVISERS Solicitors BDB Pitmans LLP 50 Broadway London SW1H OBL Bankers National Weskninster Bank plc 32 Corn st￿et Bristol 8S99 7UG External Audftor Crowe U.K LLP 55 Ludgate Hill London EC4M 7JW Crowe U.K. LLP was reappointed as auditor of the Foundation. Investment Managers BlackRock 12 Throgmorton Avenue London EC2N 2DL Page 2

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES STRUCTURE, GOVERNANCE AND MANAGEMENT The Foundation is govemed ty a trust deed dated 9 t)ecember 1983. a deed of amendment dated 5 February 1997, deeds of variation dated 20 July 1999, 11 March 2002. 10 July 2009, 21 February 2014, 15 February 2016 and 20 February 2018, the Charibes Act 2011 and the Statement of Recommended Practice Accounting and Reporting by Charities {SORP 2015 based on FRS 1021. A new governan￿ code. endorsed try the Charity Commission and other industry bodies, was launched in 2018 and revised in 2020. The Trustees have ensured that the Foundation is substant.ally compliant wtth the ccKJe but there are a number of areas where we do not frillow the code, which have been sel out below. The B08rd of Trustees is responsible for the overall governance of the Foundation_ Trustees are appointed by the existing trustees and the total nurnber of trustees rnay not be fewer than fNe or more than ten. Al present th￿e trustees 8re "Family Trustees. who once appointed remain as trustees until death, voluntary retirement, disqualification or removal. la "Family Trustee. is a direct descendant of the Fouftderfs parents). and seven trustees are °Non-F8mily Trustees". "Non-Famity Trustees" remain in office for 8 maximum of seven years before being subject to a re-election prcce5s. There Is no limtt on the number of times a °Non-Family Trustee" can be re-elected. Trustees have been appointed who are well known to the family or indeed to John James himself and as such have not been time limited. However, as brne passes this beGomes harder and Trustees have been recruited with suitable experb"5e 2nd experience. The Trustees wi15 consider diversity when fLrture trustees are recruited. The Board is aware that a Trustee wtth kno￿edge of Education is needed. The Trustees are mindful to review thè apwintment and retenb.on of Trustees in 2023. New trustees are appointed by the unanimous resolutbjn of existing trustees who may nominate a replacement giving details of the person's background and surtabilty. If the nominated person is willing to be considered for the vacancy then all potential candidates will be interviewed by at ￿5t Ihfee of the existing trustees who will make recommendations to the full Board. Effective partnership befvfftn trustees and staff continues to contribute to the Foundation's success. Having both a Chairman and Vice£hairman ensures that thjstees, roles and responsibilities are carried out effectNe5y. ￿￿lIst all Iruslees Gan access infoimatKJn wnceming the Foundats"on's operab.on at any b'me and o trustees monitor each aspect of the Foundation's work, the Vi¢&Chaimian's c105e invofvernent continues lo give support to the Chairman. The B08rd reviews tts performance infomially which is considered sufficient. External review every three years, as recommended in the code, will be considered in the ftjture. Trustees had 8 meetings this year by telephone wilh 2 meetings face to face, where trustees reviewed funding applications and agreed grant5, considered strategy and investment perfOrrnan￿ and reviewed operating plans and budgets. At two of the rneettngs the tTustees looked at the investments and a sub-commlttee of 3 Trustees has been sel up which reports to the full Board and who met with BlackRock 4 times during the year. These meetings help to infoffli the other meetings. New trustees receNe an inducbon pack containing everything they r￿d to know about the Foundation and its work for effecb've and informed decision-maknng. Appropriate trust&-training sessions, held by outside adviser5 and independent organisations, are encouraged and all trustees have sight of the magazine 'Govemance & Leadership, and the Charity Commission News emails. l trustees give Iheirtime freely and no trustee remuner*"on was paid in the year. Detsils oftwstees, expenses are disclosed in note 6 to the accounts. TnAstee5 are required to disclose all relevant interests and register them with the Chief Executive and in accordance wrth the Foundation's rx)licy wrthdraw from decisions where a confiict of interest arises. Trere were no related paty transacts.ons in the year. The trustees delegate the exercise of certain powers in connectjon with the management and administration of the Foundation as set out bel(M. This is controlled by regular reports to trustees so that all decisions, made under delegated powers, can be ratified by the trustees. Page 3

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES STRUCTURE, GOVERNANCE AND MANAGEMENT {Continued} Investment Management Since 16 September 2008. in accordance with the provisK)ns of the Foundation's Deed, the trustees have delegated the management of the investsnent porttrjlio to BiackRock who manage the maiorty of the Foundation's investments on a discretionary basis. The Foundation holds investments in Propety funds directly. Following the retention of BlackRock in 2019 the Trustees have refined the asset allocation to in¢rease the exposure lo global equibes. In March 2022. the Strategic Asset Allocats"on was forrnalty changed to increase the allocation to Global Equities and redu￿ the Fixe(1 Interest In addjtion, the Trustees adopted a fomal Spending Rule of £2.400,000 per year to be taken as a drawdown of income and capital each quarter, which started in the Quarter ending 30 June 2022 This will be rTh)nilored each year. At the meetsngs with BlackRock. in addition to the investment strategy, the perfonnance of the portrolio in relab.on to market changes, income targets, benchmarks, future prospects and the extent of any eth￿￿1 investments were considered. Chiof EX￿utIV• The Chief Executive is resp)n5ible for the day to day manage￿￿nI of the Foundation's affairs and for implementing policies agreed by the trustees. The Chjef Executive receives regular assistance from the Chairman and the Vice-chairman and may request help from other trustees If she needs it. In line wrth the Foundation's policy, the Chief Executive disclosed all relevant interests to the trustees. During the year the FouncJ2tion's membership of the Charity FinanGe Group was renewed. The remuneration of the Chief Executive, and all paid staff, is reviewed annually by the Board of Trustees. account is taken of UK labour market statsstics and professional pay scales. The skill, experience and ¢ompeten¢e of an indiv￿ual are assessed together wth their contn'bution to the smooth running of the Foundakn'on. Advisory Groups Professional advTh is sought from outside advisers as and when necessary. Siatemènt of Trustees. Responslbllitles The trustees are responsible for preparing the Trustees, Annual Repart and the financial staiements in accordance with applicable law and United ￿"AgdoM Generalty Accepted Accounbng PractKe (United Kingdom Accounting Standards). The law applicable to chartb.es in England and Inkleg requi￿ the lyustees lo prepare financial statements for each finan¢ial year which give a true and fair view of the stale of affairs of the Foundation and of the incoming resources and application of resources of the Foundats"on for th year. In preparing these financial statements, the tnjslees are <equired to". • select suitsble accounting policies and then apply them consistenty.. observe the methods and principles of the Charits'es SORP". make judgments and estimates that are reasonable and pruden( follow applicable UK Accounting Standards and the Charitses SORP. di￿losIng and expFainin9 any departures in the accounts.. prepare the financial statements on the going concem basis unless it is inappropriate to assume that the Foundatson ￿11 continue to operate_ The trustees are responsible for keepin9 adequate accounting records that are sufficient to show and explain the FoundatK)n's tran5actK)ns, disclose with reasonable accuracy at any time the financial posits.on of the Foundation and enable them to ensure Ihat the financial statements compty wrth the chanb.es Act 2011. and the provisions of the Foundation's constitution. They are also responsible for safeguarding the assets of the Foundation and hen￿ for taking reasonable steps for the p￿ventIOn and detects.on of fraud and othèr irregulanls. Page 4

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES Risk Management A review of the perceived risks faced by the Foundation. as rt executes its grant makTng function, is carried out on an annual basis. In the opinion of the Trustees the Foundatson has in place systems, support and controls to mitigate risks to an acceptable level on day-to-day operations. Uncertain financial rètums havé been identffied as the Foundatton's ￿￿10r financlal risk given the particularty tumultuous tr'me all financial markets have experienced overthe last ￿1ve months. This is mitigated, by moving lo a Spend1ng Rule of £2.4m per annuffl during the year. this is approximately 3'h of the portfolio and considered a reasonable income to take from the wrtfolio. This will be reviewed each year. In addition, meetings are held with the investment manageT5 where investment Strategy, the portfolio and financial performance LS under review as are the investment managers themselves. Constant monitoring and checking of data supplied by the investment managers together with the receipt of the annual reports on their key intemal controls and independent verifica￿￿ of the portfol￿) holdings all trElp to reduce the extended risks in this area. The use of a Foundation's grant for an unsavoury or unauthortsed purpose is also considered a potentral major risk area. This is mitigated by largely restricting grants to chanties registered wtth the UK Charity Commission or similar body. All grants are checked to be in line with the Foundation's objects and the Charity Commission website is consulted on any chanty applying lo the Foundats'on. A Public Benefit and Equality Act 2010 ehecklist is considered for all grants made and official receipts are required from all beneficiaries receiving a gpnl. All applicanls are requested lo supply a copy of their CL5rrent Safeguardin9 Policy. Multiple grants are only paid on receipt of satisfaclory progress reports. During the year the Trustees and Chief ExecutNe visited 18 projects due to the ongoing impact of the Covid-19 pandemic. These addrtional checks. in the trustees. opinion, help to reduce the Tisks in this area. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The objects of the Foundation are to make charitable grants under the tgms of its deed tor the relief of povety or sicknes$ or the advan￿Mefit of education among the inhabitants of the City of Bristol. or other purposes beneficial to such inhabitants as the Iruslee$ may at tr¢eir absoluté discretion decide,. also for such other objects whatsoever OT wherever. being charitsble objects or purFoses. The Foundat'on does not fundraise. At the annual review, rt was agreed that the grant maknng polKy would remain unchanged. All grants continue to be monitored carefully against the Chanty Commission's guidance on public benefit and the Equality Act 2010. TrL5Stees a￿ aware of the Charity Commission guidance on Public Benefit and confirm they have omp5Ed with the duty in Sectr"on 17 of the Charities Act 2011 to have due regard to it. Response to tho Pandornic The Foundabon's pftncipal objective is to benefit as ￿ranY disadvantaged residents of the City of Bristol as possible. Granting mney as diversety as it can to registered charities within the Foundation's key focus areas of education health and the elderty. The pandern￿ led to a swil¢h to remole working for the staff and there is now a mix of office and home working. TnJstee5 have continued lo meet more regulady with 8 meeb.ngs held by telephone and 2 face to face. The TTUSlees have b)oked lo be xtive in their response and sUPPOrt lo those impacted in the Bristol Area. As highlighted tlow the Foundation have issued grants. principally to existing benefi¢iaries, who ao focussed on the relief of hardship to residents of Bristol. Trustees have been flexible over the exact use of grants Whe￿ face to face xtivty has not been possible wrth setvices moving online or offered over the phone. The Trustees have been conscious of the impact the pandemi¢ has had on the Foundation's investment income and monitored this closely during Ihe year. Some grants have been retumed as events were unable to go ahead and the payment of commrtments delayed. The Trustees have been confident that reasonable requests frorn existing beneficiaries Can be met, whilst keeping in mind that the nJ in the future will be significant. The Foundation's vision is to enhan￿ the INe5 of as many disadvantsged residents of the Csty of Bristol as F¥)ssible. Page 5

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES OBJECTIVES AND ACTivrfiES FOR THE PUBLIC BENEF￿ Icontinued) The Foundatlon's strategic aim is to achieve its vision through grant-tnaking and applications are welcome from charities and not-for-profft organisations who work with Bristol residents in the key focus areas. We believe that a variety of initiatives such as the Foundation's websf(e - www.johnjames.org.uk which has been updated this year together the annually updated infonnation leaflet infomi potential applicants about our areas of focus. Grants During the Year (Note 11) In the key focus area of Education examples of grants rrrade are.. Indopendent schools in Bristol for John James Award funds. Conditions attached lo these grants specify that they may only be accessed by pupils who are residentwrthin the Ctty of Bristol and who have financial need. Secondary leaming establishments teaching City of Bristol children for fijnding prize5. awards and hardship assistance for the pupils. All grants are made with the stipukts.on that the money should not to be used solely lo reward academic ex￿llenCe_ Primary schools lo assist in the cost of school camps and day trips with the aim of helping to make such activities accessible to those whose parents are on low incomes. Contribute towards out of school and off-site ￿tiv[b"e$ designed to re-engage young people in the education pro￿sS. To help unemployed young [￿pIe explore and lesttheir business ideas with a view to etther starbng their own venture or moving to another oulcome such as employment or education. To help fund facilitses for a day week for asylum seekers and refijgees who find themselves resident in Bristol. To fund resplte breaks for ¢Jisadvantsged children and young carers. Causes where the trustees feel thal the Foundation can a worthwhile contribution for the public benefit in helping lo educate, in the broadest terms, people of any age who might otherwise be unable to access what is on offer. In the key focus area of Health examples of grants made are". Ptovide hot focKJ and a wami and safe environment for homeless and vulnerable wple either directly or through assisting with vehicle and rental costs for surplus food distributlon. Provide equipmenL through a chartty, for those with specffic rEeeds. Assist with funding organisab.ons wofking with people who may be sick or disabled or abused orhomeless or addicte(J or any combinats.on of these_ Funding which will improve the facilitses for those who are either disabled or unwell whether mentally or physically. Causes where. having constdered the cIrcU￿￿tanceS of a fvnding application, the trustees feel health is affected and It is clear that a disadvantsged seth.on of the publ￿ would benefft. In the key focus area of The Elderty examples of grants made are: Advice agencies gwing Infomiation, advi￿ and assistance to this age group. Help with the costs of giving safety advi￿ to older residents of the City of Bristol. Organisalions providing befriending seivices to the elderfy. Charities assisting older residents in their homes enabling them to remain independent longer. Clubs to enable those erther disabled or older in years to have a few 'extras' at their Christmas. Spring and the Jubilee celebrab"ons. Clubs to enable older residents of the Cty of Bristol to attend a theatre production. Other causes where it was felt the eldedy would benefit The trustees are aware that rrrany of the grants under the key focus area of Health are of direct benefrt lo The Elderly. Few grants are made which cannot be fitted into one ofthe key focus area5 and all grants are monitored against the Charity Commission's guidance on public benefft and the Equality Act 2010. Page 6

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES ACHIEVEMENTS AND PERFORMANCE The funds necessary to finance the objects of the Foundation a￿ raised by careful management of the Foundation's investments. 8lackRcck were apFM)inted in 2008 as the Foundat"on's investment managers and this was reviewed in 2019. The trustees hold regular half yeady meetings wth ihem. From information shared at these rneetings the trustees have reviewed the asset allocation to ensure that they have posrtioned the Foundation as well as is possible, for the foreseeable fvknre, given the challenging global financial situation. The trustees feel that they have maintained the public's awareness of the Foundation during this year. This has been achieved through the regularly UF)dated website, annualty revised leaflets and publicty of various kinds including social media. The DVD about John James ￿)ntinUeS to be sent of Charge, on r￿1?t of a large letter stamp, to those who request a copy. Applications to assist Bristol residents receNed in the year to 30 September 2022 totalled 61912021- 4931 of which 555189.60hl were successful. The trustees adapted their grant making as a result of the pandemic, by being more flexible and helping eharittes vtho were adversety affected during the pandemic. The Trustees also un-restricted a number of grants madÈ previously to enable funds to be used to address the needs of those hardest hit by the pandemic. 10.10k failed because eTther they were incowectly targeted or there were insufficient fvnds available to meet what Ehe applicant required or they did not meet core needs or the trustees had granted fvnds to another applKant to covei a similar area of need. In addition to these applications. 36 other Submissions were recetved and rejected beeause they either did not benefit BtÈstol residents or they wefe for indNiduals. All successfijl applicants are required to suppty the FounO8tion wilh an official receipt for the gfant recetved. Letters accompanying the reGeipt from the receiving organisation provide the Foundation with feedback as to the impact the money will have on the lives ofthe uttirnate benefi¢iaries. Follow up feedbackand reports support this and indicate that grants frotn the Foundation are maknng a signfficant contribution to improving the lives of many of the most vulnerable in the City of Bristol today. Trustees have received a summary of all applicatv)ns from the Chief ExecutivÈ and where further details were required these have been provided to enable the Trustees to make an informed decision. The process going forward is under review. SupFXJrting infomiab"on, sent by an applicant with their grant request, is available to the trustees at their meeting. If further information is required. it wll be requested. Visits suspended due to the pandemic, have been resumed where possible. but rerroin at levels. FINANCIAL REVIEW AND RESULTS FOR THE YEAR The Statement of Financial Activtbes (SOFA), set out on page 14 is designed to reflect all incoming resources receivable in the year irrespective ofwhen income is spent The Foundab"on d￿5 not raise funds from the public. During the year, and ir accordancè with the Foundatr"on's grant makn.ng policy. a total of £2.818,035 was granted Inole 11112021 £2,374,530). In addition. the Foundation has outstsnding Commitments for future grants of £2,307,300 (note 141 (2021 - £2,935.4001. Reserves Policy The main funds of the Foundatyon take the fomi of an expendable end¢)wmentwhich generates the unrestricted income from which grants are made. The Foundation has total funds of £81,427,759. Free reserves are the cumulabve unrestricted balances less the net book value of tangible fixed assets (note 71 This year a transfer has been made be￿een the reseNes of the investments disrx)sed of during the year. The free reserves of £1,890,437 at the end of the financial year lo 30 September 2022 show a reduction on those held at the end of the previous financial year due to the payrnent of commttments and losses on investments. These free reserves will be added to income in the forthcoming financial year for spending on grants an¢ overheads in that and future years. The trustees are concemed that there are many factors suggesting uncertainty in the ftnancial outlook for coming years and the Inco￿ that Can be expected from the Foundation's investments. With the level of the Foundation's fLrture commitments and their desire to be able to respond lo a sudden need the trusts feel that rt is necessary to hold the Guffent level of reserves to allow for the eventuality that income reduces drastically during the Itfe of the long temi commttment5. Onty by holding this level of reserves are the trustees confident given future income uncertainty. that the present high level of future commitrnents is justifiable. The reseNes policy is reviewe(J annually. Page 7

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES FINANCIAL REVIEW AND RESULTS FOR THE YEAR {Continuod) Golng concern Having reviewed the financial posibon and tssh flow forecasts forthe periDJ to 30 September 2022, the Trustees consider that there are no material uncertainties and that the Charity therefore has adequate resources to continue its aots"vities for the fote5eeable fubjre. Accordingty. the board conts.nues to adopt the goino-concem basis in preparing the financial stalemerils. INVESTMENT POLICY AND PERFORMANCE The investment policy was updated during the year to relle¢i the change In Strategic Asset Allocalion for the BlackRock Discretionary Portr￿10. The trustees. policy is to $eek to achieve a balanced portfolio of growth and in¢ome generats'ng securib"es, which may inelude fixed interest securibes, and U.K and overseas publicly quoted equib'es in such protM)rtions as is appropriate to economic and investment ¢ondib'ons al any given time. None of the fijnds are permanently endowed and there are no restn"ct￿S in the deed on the invèstments which can be held. The trustees, investrnenl policy is to aim for reasonable bng-temi overall rebjm at moderate risk, with the level of risk applying to the portfolio as a whole rather than lo indNidual slc¢ks. During the year the Trustees agreed with BlackRo¢k lo give the Portfolio a grealef allocab.on to equiknes, increasing the allocation to Equib"es whilst reducing the allocatson lo Fixed Interest. At the same tirnè, the income target12021 £1.85ml was replaced with a Total Return Spending Rule of approximately 3% of the portfolio. which has been sel at a fixed drawdown of £2.400,000 per annum, to be paid each quarter. The first payment was made on this basis for the Quarter to end of June 2022. This will be reviewed eath year by the Trustees. to ensure it is not significanyy eroding the asset value. The Di8Crntionary Portft)lio's investment allccation ranges. which applied through the year. were.. Assot Cla89 Pornlittod Range (% ol M•rket Value of the Fund) Until 22 March 2022 29.5- 69.5% 14-34% 5-15% P•rniltted Range I'A of Market Value of tho Fund) From 22 March 2022 65.5- 95.5% 0-30% 0_150 Equities Fixed Income Liquid Alt8mative8 Others Cash and 0-10% 0-20% BlackR¢)¢k managed the Discretionary Portlolio througtrthl the yè¥r on a dis¢retsonary basi8 lor the truste¢s. Monthty valuations and quarterty perfonnance reports for the wrtfolio are re￿Ned. These documents enable the trustees to monitor performance. The Trustees continue to hold the investment in propety funds direct￿. The income from the ¢ombined portfolios and interest eamed on deposrts lotalled £1,354,547 12021 £2,130,341). The ProFety Funds generated an income of £304.389. The trustees are satisfied wrth the overall drawdown level, with a number of commitments delayed, other grants remained level and only a few new commitments were made. The tTUStees believe that Iheir rigorous approach to monitoring income and expenditure will maintain the Foundabon'5 capacty for granl giving in the fulure. Page

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES INVESTMENT POLICY AND PERFORIAANCE (Continued) The performance benchmark was changed to CPI + 4.5Dk wth a secondary target to outperform 85.10 MSCI AII County World Index and 15QA Bloomberg Barclays Global Aggregate Index (GBP Heclged}. The composite benchmatk at the year end comprises.. Weighting (% of Com osite Bonchmark} Name MSCI All Country World Net TR Index- in GBP BBG Global Aggregate Index IGBP Hedged} 15.OO'A A$ at the 311t January 2023 the investment value was £80.988,CKJO. a gain in value of £3,596,230 from the year ènd value of £79,638,187. Employees The Foundation supports equal opportuniti'es and aims lo be an organisation that employees enjoy working for and where they feel supported and developed. Employees are kept fully informed about the Foundation. slrale9y and objectives, as well as day-to-day news and events. All employees are encouraged lo give their SU99e5b'ons and views on perfom)ance and strategy. All e1￿ible employees have been offered the opportunty to join the NEST Pension fund under Automatic Enrolment and one employee has joined The Chief Executive has a contractual commitment for 7% of her gross salary to be paid into her personal pension fvnd. FUTURE PLANS The John James Bristol Foundation is a lasting tribute to the philanthropy of John James and the pres8nl trustees remain committed to the Cty of Bristol and many ot John James, own aims and concerns. Fof fvjture generab'ons, the work on archiving th¢ records held by the Foundation and John James, family Continues. The trustees ¢an envisage other srtes being identsfied for the com￿mora￿Ve boards in the fvtU￿. The number of funding appli¢abons to assist City of Bristol ￿sIdents was similar to last year, and more of these were met. The Iru5tees are aware that for people INing in certain areas of the City of Bristol who have low income, are disabled or have a minorty ethni¢ background the OPFQrtunth"es to live, work and thrive here are severely reduced especially as a resutt of the ongoing impact of the pandemic. The level of commitments has increased to enable organisations to plan ahead with larger projects. The Foundation's Trustees are acutely aware of th8 ¢osl of living crisis and the impact this will have on the residents of Bristol and are working to identify 8uitable ways to SUPPDrt thc¥S• r8sidents most affected. With the levels of deprNalion seen in certain areas ol the City of Bristol the trustees do not anticipate a reduction in grant applications in the future, indeed the number may increase, as we have indi¢8tions that charitable gTOUPS and projeels are crying out for help to keep going and respond lo the Cost of living crisis. We believe that our grant making policy. which incorwrates the Charity Commission's guidan¢e on public benefft and the Equalty Act 2010, is able to continue lo cope wrth the increase in the level of application5 and thus it will Temain unchange(1. The Foundation's key areas of focus wtll continue to be education, health and the eldedy within the cty of Bristol. The trustees consider that the Foundation has a sound financial base upon which to build for the fvture and that there are sufficient funds to meet its obligat￿n5. We shall continue to liaise closely with BlackRock over the need to balan￿ income requirements with the undetying security of the Foundation's investments which generate that income. Our intention 5ti11 remains to see income levels generated that will allow the total grants made to gTOW, bul with inflation forecasts continuing io grow, this will depend largely on global rnarket conditions beyond oijr control. Page 9

JOHN JAMES BRISTOL FOUNDATION FOR THE YEAR ENDED 30 SEPTEMBER 2022 REPORT OF THE TRUSTEES These remain challenging tirne5 but the trustees look back on the year with satisfaction at what has been 8¢hieved and we are confident that we are as well posib.oned as is possible to meet the demands of the coming year. Approved by the tnjstees and signed on their behajf. nHaw i¢e-Cha an Date.. 2023 Page 10

Independent Audttorfs Report to the Trustees of John James Br5Stol Foundation Opinion We have audtted the financial ststements ofthe John James Brisiol Foundation I'the chaw) forthe year ended 30 Septernber 2022 which comprise the Ststement of Financial Acbvities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparatson is applicable law and United Kingdom Accounting standards, including Financial Reporbng Standard 102 The Financial Reporb"ng Standard applicable in the UK and Republic of Ireland (Unrt￿l Kingdom Genera5ty Accepted knounb.ng PraCts￿). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 30 September 2022 and of its income and receipt of endowTrnts and expenditure, for the year then ended.. have been property prepared in accordance wrth Unrted Kingdom Generally Accepted Accounting Practice", and have been prepared in 8￿rdance with the requireffEnts ofthe Charrt]'es Act 2011. Basis for opinion We conducted our audit in accordance wth International Standards on Audth"ng IUKI IISAS IUKII and applicable law. Our responsibilities underthose standards are further described in the Auditorfs responsibilities for the 2udit of the financial statements section of our report. We are independent ofthe charty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fvlfilled our other ethical responsibiliti.es In accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and apptoptiate to provide a basis for our opinion. Conclusions relatlng to golng coneèm In auditing the financial state￿nts, we have conduded that the trustee's use of the going concem basi5 of accountsng in the preparation of the financial statements is approp￿ate. Based on the wotk we have performed. we have not identffied any material uncertrdinties relating to events or conditions that, individually or collectivety, may cast signfficant doubt on the charity's ability to continue as a going Goncem for a period of at least tsvelve mnths from when the financial slatements are authorised for issue. Our responsibilities and the ￿Sponsibl1itieS of Ihe trust￿ wrth resF to going concem are described in the relevant sections of this report. Other infom)ation The trustees are Tesponsible forthe other informab.on contained wthin the annual report. The other information comprises the infomiab.on inc5uded in the annual reFL)tL other than the financial statements and our auditorfs report thereon. Our opinion on the financial Statements does not cover the other information and, except to the extent otherwise explicitty stated in our reporL we do nol express any fomi of assuran￿ conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistentwith the financial statements orour knowledge obtsined in the audit or otherwise appears to be materially misstated. If we identsfy such Tnaterial inconsistencies or apparent material misstatements, we are required to delermine whether this gives rise to 8 material m¢sstatement in the financial ststements themselves. If, based on the work we have perfomied. we conclude that there is a material rnisststemenl of this other information, we are reqLJired to report that fact. We have nothing to report in this regard. Matters on which we are required to roport by exception We have nothing to report in respect of the fDllowing matters in relation to which the Charitses (Accounts and Report51 Regulations 2008 requires us to report to you rf, in our opinion-. the informab.on given in the financial statemerts i% inconsistent in any material respect wth the trustees, report., or sufficient and proper acGounting records have not baan kept by the ch8r*ty: or the financial statements are not in agreement with the accounting records and TetLtms", or we have not received all the lnfomk9t￿n and explanations we require for our audit. Page 11

Independent Auditor's Report to the Trustees of John James Bristol Foundation Responslbilities of trustees As explained more tulty In the trustees. resFonsibilib"es statement set olrt on page 4, the truslees are responsible for the preparation of the financial statements and for being satisfied that they give a true 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 misstatemeRL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related lo going concem and using the going concem basis of aecounting unless the tnjstees either intend to liqu¢date the chartty or to cease operation5, or have no realistic altem8tThie but lo do so. Auditor's responsibilities for the audit of the finan¢ial statements We have been appointed as audttor under section 151 of the Chanties Act 2011 and rep)rt in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from materTal misstatement. whether due lo fraud or etror, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audrt conducled in 8¢cordanee with ISAS IUKI will atways delect a material misstatement when it exists. Misststements can arise from fraud or error and are eonsidered material if, individualty or in the aggregate, they could Teasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Details of the extent lo which the audit was eonsidered capable ot deteth.ng irrryularities, in¢luding fraud and non-compliance with laws and regulab.ons are set out below. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website aL" www.frc.org.ukjauditorsresponsibjl￿.es. This descripts.on forms part of our auditor's reporL Extent to which the audit was Considered capable of detecting irregularities. Including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of maleiial misstatement of the financial statements from I[￿UlaritIes. whether due to fraud or error, and discussed these befvleen our audit team members. We then designed and performed audtt procedures responsive to those tisks. including obtsining audrt evidence sufficient and appropllate to provide a basis for Oltr opinion. We obtained an understanding of the legal and regulatory frameworks within which the charity operates, focusing on those laws and regulations that have a direct effect on the detemination of material amounts and disclosures in the financial staternenls. The laws and regulations we considered in this context were the Charities Act 2011, together with the Charities SORP {FRS 1021. We assessed the required compliance wtth these laws and regulations as part of our audrt procedures on the related financial staternent items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on Ihe financial statements but compliance with which might be fijndamental to the tharity'5 ability lo operate 01 to avoid a material penalty. We also considered the optx)rtunrti"es and incentNes that may exist withirs the charity for fraud. The laws and regulations we consider@d in this context for the UK operations were General Data Protection Regulation IGDPRI and Employment ￿l$latiOn. Auditing standards limrt the required audit pr(xedures to identty non-compliance these laws and regulations to enquiry of the Tnjstees and other management and inspeclion of regulatory and legal orrespondence. if any. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud. to be w((hin the override of controls by management. Our audrt procedures to respond lo these risks included enquiries of management and the Board of Trustees about their own identificab.on and assessment of the risks of irregularities, sample testing on the posting ofjoumals, reviewing accounting estimates for biases, ￿VIeWing regulatory Corresponden￿ with the Charity CommissK)n and reading minutes of meeb.ngs ofthose charged with governance. Page 12

Independent Auditorfs Report to the Trustees of John James Bristol Foundation Owing to the inherent limTtations of an audit, there is an unavoidable risk that we may not have detected some material misststements in the financial statements, even though we have proper)y planned and perfoTmed our audit in accordance with auditing standards. For example, the further removed llon-compliance with laws and regulations lirregulanties} is from the events and transactions reflected in the financial statements, the less likely the inherently limrted procedures required by audibng standards would identify tt. In additton, as with any audi( there remained a higher risk of non-deteGtion of irregularities. as these rnay involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal controls. We are not responsible for preventing non<ompliance and cannot be expected to deteet non-compliance with all laws and regulab"ons. Use of our report This report is made solely to the chartty's truslees. as a bc#Sy, in accordance wrth Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the charrty's trustees those matters we are required to state lo them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not a￿ept or assume re5ponsibilty to anyone other than the ¢har"ty and the charity's ttvstees as a body, for our audtt work. for this reporL or for the opinions we have fomed. Crowo U.K. LLP Statutory Auditor London 20 February 2023 Crowe U.K. LLP is eIvJi￿e lor arwintTnentas auditor of chanty ipj viriue ol eh3bilty fV[apptynb￿ as 8￿JOr of a wmptny under section 1212 ofthe Crffly4n¥Act 2tXl6. Page 13

The notes on pages 17 to 28 form part of these financial statements

The notes on pages 17 to 28 form part of these financial statements

The notes on pages 17 to 28 form part of these financial statements

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 PRINCIPAL ACCOUPtnNG POLICIES Ba$ss of Preparation Thefinanual statements have been preparèd in accorda￿￿ wilh the Ch?riknès SORP IFRS1021 applicable lo charitsgs preparing their account5 in accordance wth the Financial Reporting Standard applicable in the UK and Republic ol Ireland and the Charities Act 2011 and UK Generally Accepted Practice as rt appltes from 1 January 2015. The financial statements have been prepared to give a Irue and fairf view and have departed from the CharFties (Accounts and Reports) Reglslations 2015 only lo the extent required to provide a'trLte and fairf view. This departure has invofved followng Accounting and Reporting by Chartties preparing their account in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Repub5ic of Ireland IFRS 1021 issued on 16 July 2014. The Foundation onstitutes a public bengfft enbty as defined by FRS 102. Having fevtewed the financial positi.on and cash Ilow fore￿Sts for the peri(xJ to 30 Septernbef 2022, the Trustees consider that the￿ are no material uncertainties and that the Charity therefore has adequate resources lo continue tts acbwties for the fO￿seeable ftrture. Accordingly, the board continues lo adopt the goinwr￿M basis in preparing the financial statements. bl Incoming Resourcas Th& income generated by the expndable endowment 1$ unrestricted income. Invesbment income represents dNidends and interest on deposits, WTlh any associated lax credits or re¢overable tsxation. Investment ir￿orne TS accoEJnted for when il is declared receivable. Income from govemmenl and other grants, is recognis&J when the charity has entityement to Ihe ftjnds. any perfomance ￿nditsOnS attached to the grant5 have been Fnel, tt is probable that the income ill be weived and the arnounl Gan be measured reliably and is not deferred. Gift of rtems are taken to irwme on ￿lpt of Ihe gwds. with any profit realised on sale. Resources Expendod Cost of raising fU[￿S represerrt fees paid to the FOL5r￿8￿.0n.s investment m8nag8rs. Charitable acbvTb"es expenditijre eomprises charitabl• grants awardsd by the trustees in accordance swth th8 critefia set out in the Foundation's deed. together wth costs incurred in support of the objects of the Foundation. Where such Costs relate to more than one ftjnctsonal cost cat￿Ory they have been apportioned as set out below. Grants are charged lo the Statement of Financial Activities when condits.ons attaching to the grant S￿ tuffilled. A gfant approve(I subject to con￿￿On$ that have not been met at the year end is noted as a commitment but not accrued as expenditure. iv. SuprK>rt Costs are broken down in note 4 and comprise the totsl ofeslimat8d proportions of all stsff. propety, office and govemance costs. These proporb.ons are charged to the relevant service based on ertheT ests"mate5 of staff tiTne and other c0515 spent directly in supporbng the objects of the FourKIkn"on or a percen18ge ofthe grants made to that service. dl Investsnents Investments are induded in the financial statements at market value. Re81ised and unrealised gains and l¢Jsses are induded in lotsl in the Stement of Financial Ath"Mb"es in the year in which Ihey arise. These gajns a￿ computed either by reference to the market value of investments at the beginning of the accounb.ng year or cost rf purchased during the year. Current asset investments held at last year end were paintings which were sold in the finanaal year. These warè vall￿1 by an exiemal art valuatÈon expert from Bonhams. Page 17

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 PRINCIPAL ACCOUNTING POLICIES {Continued) 01 Taxation The FoL+ndation carries on aCtiv￿"e$. %thich are exempt from corporation tsx and income tax. 11 does however suffer VAT which is induded the expenditure to which it relate. Tanglble fixed assets Depreciation is provided to wrrt6 off cost les5 the estimated residual value of tangible fixed assets by instalmerns over their estimated uselul economie lives as follows.. Office equipment 25% straight line Freehold propety 2% straight line A full yearfs dap￿Clation is Charged on assets acquired during the financial year. The freehold propety has been ineludod at its 26 August 1998 valuation. This valuation has been frozen under thè transibonal provisions of Financial Rep)rting Standard 15 and 11 not be updated. All assets over £1,000 are Ca￿lised. g) Flnanclal Instrumènts The John James Bristd Foundation has finaneial a$sets and financial IiafAlitios of o kn'nd that qualify as basic financial instrumen15. Basic finandai insifuments are inthally récognised al transaction value and subsequenuy measured at amottsed cost using the effeclNe Inte￿$1 méthod. Financial assets held at am0￿.$ed cost comprise cash al bank and in hand, together with a￿rUed interest and other debtors. Financial liabilities held at amorttsed cost wmprise grants payable and accrudg. Investments, Including bonds heid as part of an investment wrtfolio are held at fair value at the Balance Sheet date. wth gairts and losses betng rgcognised %wthin income arKI expen#ilure. h) Cash and cash equlvalents Cg$h and cash equivalents indude cash at bank and in hand. cash held for reinvestmenl and short term deposits. Crltt¢al accounting ludgèmgnts and koy sourcos of esllmatlon uncortainty In the application of the Foundation's accountsng pdicies. which are descnbed in note 1, trustees are requi￿￿ lo make jud9ements, estimates and assumpiiorss about the ￿rryIng values of assets and Iiabiltyes that are not readily apparent from other sources. The estimates and underfying assumptions are b8S8d on historical experience and other factors that aR ¢onsidered to be rdevanl. Actual results may d5ff8r from these e$timates. The estimates and undartying assumpbons are ￿vI￿Ved on an oTrgoing basis. Revisions lo a¢countin9 estsmates are recognised in the period in which the esb'mate 15 revised rflhe revision affects only that periou, or in the penod of the ￿￿$lOn and futu￿ P8riods if the revision affects the current and future periods. In the view of the trustees. no assumptions eonceming the Jture or estimation uncertainty affecting assets 8nd liaknlities at the balance sheet dale arè likely to resutt in a material ajjustment to their carrying amounts in the next financial year. INVESTMENT INCOME 2022 2021 Listed investments in the UK Listed investments overseas Interest recewed 875.394 474.867 4,286 1.354,547 1.556.891 573. 14T 303 2,130,341 Page 18

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 COST OF RAISING FUNDS These costs compnse the investrnent managerfs fees. The trustees are of the opinion that without these there would be no income available for distribution and as such they have been charged lo the unre5triGted funds which 15 coiisislenl with the policy in prior years. CHARITABLE EXPENDMJRE Education Health Elderl General TOTAL Dlrect Costs ort Costs 1148.266 1,132 159 536 610 2818 035 Staff Pro Officg 38,057 7,603 4,102 29.107 7.497 4.045 22.3TI 23 89.564 1,917 ¢iation Other 26.326 TOTAL 2022 1210 990 1 185589 570.515 2 968 139 TOTAL 2021 703,294 1406 754 401938 2 515 133 NET INCOME I (EXPENDITURE Th18 Is stated aftgr Gharying: 2022 2021 Audilorfs remuneration - audrt Legal fees 15,680 10,566 14,605 26,246 14.605 STAFF COSTS 2022 2021 Wages and salaries Pensions Employerfs national insurance costs 82,479 3,893 3,193 89,565 83,297 3,900 3,749 90,346 No. No. The average number of employees was.. Staff time has been allocated over drfferent expenditure categories based on estimated time spent on each area by the staff as disclosed in note 4 lo the a¢counts. None of the staff members are full b.me but given the devolution of roles the ttU5tees consider the total employment beneffts, including employer pension conth"bulion5 and Nabonal Insurance, of key mariagement personnel is £57.13912021.' £55.613}. No Ernployee had employee benefits in excess of £57,13912021-. £55,613). No trustees received remuneration for their services to the Foundation {2021.- nil}, and during the yeai 1 of the trustee wa5 reimbursed out of pocket expenses 01 £81 {2021. £100). Page 19

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 TANGIBLE FIXED ASSETS Freehold Office Propety Equipment Cost or valuation At 1 October 2021 Additions At 30 September 2022 Accumulated depreciation At beginning ol year Charge for year At 30 September 2022 Net book value At 30 September 2022 At 30 September 2021 Tot81 160,CX)O 18.445 178.445 160,000 18,445 178,445 73.600 3,200 76.800 13,672 2,286 15,958 87,272 5,486 92,758 83,200 86,400 2,487 4.773 85.687 91,173 INVESTMENTS 2022 2021 Discretionary Portrolio At 1 October 2021 Pro￿edS on sale of investments Nel investment gainslllossesl Market value at 30 September 2022 80,655,058 11.085,246) 6.764.996 72.804 816 71,652, 120 9,Q02,938 80.655 058 Invpstments in the UK.- Fixed interest pooled fvnds Equty shares and pooled funds 16,735,807 34,936, 734 7.230,651 Cash instruments Investments OV&￿eaS.. Fixed Inte￿st & Equity shares 751,302 15,103 64,822,863 72,804.816 28.967,414 80,655.058 Of the listed investments 81ackRock Developed Market Sustainable Equity Fund {42.50/01, ishares US Equity Index Fund119.0°/ol Development WD ESG Index115.3°knl and BlackRock Advanced Emerging Market Equity Fund 18_5%1 represent over 70% of the valLte of the portfolio12021 Blackrock Charity UK Bond Fund 120_7%1. BiackRock Global IncoThE Fund D Inc118.2 /vl and BlackRock Charity UK Equty Fund 133.2Voll. The histOTiC Cost of the Discretionary Portfolio's investments at 30 September 2022 is £76,228,380 {2021. £73,319.4461. Directly Held Property Funds 2022 2021 As at 1 October 2021 6.169.876 5. 739,650 Unrealised investment {lossegygains 663.445 6.833,321 430, 226 6,169,876 The historie cost of The Chartbes Property Fund investrnent is £3,094.200 and the Propety Income Fund for Charits"e5 is £1,760.000. Page 20

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 9. DEBTORS 2022 2021 Accrued Income 219,174 120.983 219 174 10. CREDITORS 2022 2021 Trade Creditors Accruals 9.165 98,791 107,956 838 122, 070 122,848 11. GRANTS The following gtants have been ffode during the year. EDUCATION BRISTOL INDEPENDENT SCHOOLS- JOHN JAMES AWARD SCHEME Badrninton School Bristol Grammar Clrfton College Clrfton High School Colston's School Queen Elizabeth's Hospital Redmaids, H￿h Schwl 30,000 30,000 30.000 30,000 30,000 30.000 210 000 BRISTOL SCHOOLS- PRIZES AND AWARDS Ashton Park Schcx)I Badminton SchcK)I Bedminster Down School Blai5e High Sch(K)I Bridge Learning Campus Bristol Cathedral Choir School Bristol Cty Council Schools Meriton se￿iCe Bristol Free School Bristol Grammar School Bristol Metropolitan Academy Catx)t Leaming Federation (The c￿ Academy Bristol} Cabot Leaming Federation {Brisiol Brunel Academy) Clrfton College Clfft>n High School Colslon's School Cotham School Fairfield High School Merchants, Academy Oasis Academy Brightstowe Montpelier High School Oasis Acaderny Brislington Oasis Academy John Wlliaff 5,000 1,500 5,000 5,000 5,000 5,000 5,000 5.000 1,500 5,000 5.000 5,000 3,000 3,000 3.000 5,000 5.000 5,000 5,000 5.000 5,000 5,000 Page 21

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 11. GRANTS CONTINLIED Orchard School Bristol Queen Elizabeth's Hospitsl Redland Green School Redmaids, High School Si. Bede's Catholic Col￿ge St. Bernadette Catholic Secondary Schc St. Mary Redcliffe & Temple School St. Matthias Academy Soundwell Academy12 grants) Trinity Academy 5,000 3,000 5,000 1,500 5,000 5,000 5,000 5,000 10,000 EDUCATION- OTHERS Babb35a Badock Wood E-ACT Acajemy Begbrook Primary Academy Black Artists on the Move BNstol Association for Neightourh¢)od Daycare Bristol Children's Help S￿Iety Bristol Music Trust Catherine Grace School City Academy Bristol Compass Point Primary Easton CorTtmunity Children's Centre HareclNe E-ACT Academy HartclrfFe Cty Farm Hartcliffe Nursery School & Child￿n.8 Centre Home Start Horse World Learning Partnership West Life Educab"on Bristol Lifeskills Leaming Merchants Academy PrÉmary Minerva Primary NaTional Youth Choirs Grate Britain Perry Court Primary Redmaids High School Trust Room 13 Hareclive Royal West of England Academy Soundwell Academy Spear Bristol Sl Werburghs Primary Schwl The Park The Wheels Project Triniry School Ups and Downs Woodland Academy Young Careis Development T￿st Youth Moves 24 Grants of £3.000 or less 146,500 5,000 3.500 4,000 5,000 5,000 25,000 119,000 20,000 4,000 4,000 8,000 4,000 25.000 10.183 4.000 10.400 5.000 5.000 20,000 4,500 6.000 4,000 3,500 5,000 7,000 76,250 35,687 5,000 8,000 250,000 15,000 10,000 3,345 10,000 5,286 10,000 48,115 743,651 TOTAL EDUCATION 1,148.266 Page 22

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 11. GRANTS CONTINUED HEALTH 1625 Independent People ABF Soldiers Charity ArLess Sport Autism Independence Avon Community Association Shire Advi￿ Centre Avon County Scout Council Avon Youth Gmup Avonmouth Community Centre Avonmouth Football Club Bamado's Base12 grants) Bibic BLESMA Blind Veterans UK Borderlands Brain Tumour Support Brandon Trust Bravo Medics Bristol Citizens Adv￿ Bureau Bristol Hospitalty Nets¥ork12 grants) Bristol Old Vic Bristol Refugee Rights Bristol Somali Youth Votce Bristo5 Soup Run Trust Bntish Red Cross Brook Young People Butue Carers Suptx)rt Centre Cerebrdl Palsy Plus13 gTrnts} Changing Fa CHAS BTiStol Child Brain Injury Trust Chrysalis Supported Association Church Homeless TTUSt CLIC Sargent Combat Stress Coram (2 grants) Crohn's & Colitis UK Deafblind Eastside Community TTUSt Fareshare South West FIXX Hartcliffe Bike Workshop Foodcycle Foundation for Advice Cornmunty Engagement Friends of Jubilee Pool Global Goals Go Beyond Grief Encounter Gypanzees Hawkspring Heart of BS13 HF Trust Home for G&xt Huntington's Disease Association 10.000 5,000 10.000 6.000 3.500 4.500 10.500 9,586 10,890 40,000 9,800 5,000 6,000 16,000 15,000 10.000 10,000 33,000 5,000 5,000 25,000 10,000 5,000 15,000 5,000 5,000 10,000 3,540 5,000 15,000 5,000 10,000 10,000 10,000 7,000 10.000 5,000 5.000 5.000 35,000 7,300 5,000 5,000 5.000 5.000 4.400 5.000 1 0,000 30.000 10,000 6,900 5,000 8.000 Page 23

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 11. GRANTS {CONTINUED) In Hope Jessie May Jump Start Food & Fitness CIC Kids Cancer Charty Kingswood Comtnunty Transport Life Cycle Lifeskills for Leaming Marie Curie Maybe Southwest Meadow Vale Missing People MNDA Mothers for Mothers North Bristol Advice NSPCC12 grants) One25 Ltd Open Up Music PDSA Postscript 360 Project Mama Rainbow Trust Re."Work React Refugee Women of Bristol Sea Mi115 Communtty Initiatives Shelter Sixty One South Bristol Youth Soulhmead Hospital Charity Soulhmead Hospital Chanty refijnd of grant St John Ambutance Sl Mungo's St Pau5s Advice Servi St Werberg's Community Centre Step and Stonè Talking Money Target Ovarian Can The Avon Centre The Brightrftll The Community ofthe Sisters ofthe Church The Fishing Project The Guide Association Bristol & Solrth Gloucestershire The Matthew Tree Project The Prince's Trust Twyford House Cricket Club Universty of Bristol Unseen Wellspring Settlement Willow Zion Hill Communty Centre 44 grants of £3,000 or less 25.000 25,000 13,000 5,500 10,000 12,000 4,000 32,000 3.000 10,000 3.000 5,000 5,000 10,000 30,000 10,000 s,000 3.500 8,000 15,000 3,500 5,500 6,500 12,000 4,004 10,000 30.000 10,000 28,500 156,7131 10,000 12,000 6,000 10,821 9.886 20.000 10,000 7,854 10,000 5,000 3,500 5,000 10,000 15,000 10.000 16,000 10,000 40.000 6.000 20,000 74 891 TOTAL HEALTH 1 132 159 Page 24

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 11. GRANTS IcoKfiNUEDI THE ELDERLY Brunel Care Wavèrfey Gardens13 grants) Cmse Bereavement Dhek Bhal13 grants) FallcKlon Way Medical Centre Impermanence Dance Independent Age Inns Court Spring Community Transwrt Legs 4 Africa Marmalade TnJst123 grants) Nimian Swak Sikh Herrtage Ltd RAF Benevolent Fund Re-engage Royal West of England Academy St Peter's Hospice The Anchor Society The Harbour We Care Home IrnproVen￿nts Young and Free 270 Grants of £3.000 or less 3,264 5,000 4,384 3,000 45.000 5,000 5,000 5,000 5,893 15,000 5.000 5,000 76,250 90,000 10,000 7.500 12,000 5,000 119,829 TOTAL ELDERLY 536.610 GENERAL 1 Grant of £3,000 or less 1,000 TOTAL GENERAL 1.000 GRAND TOTAL 2.818,035 12. EXPENDABLE ENDOWMENT Clauses 3 and 4111 of the Trustee Deed give the trustees power to retain or spend capital at their absolute discretion. For the time being the knJstee5 have therefore deterrnined that the capital fvnd shall be retsined and invested for the benefft of the Foundabon's fij￿re grant making. A transfer has been made be￿een the Expendable Endowment to the Unrestricted Reserves equal to the value of sale proceeds of investments made in the year to refbecl the change in the Investment Policy and adoption of a Spending Rule. This wll ensure adequate L5nrestn'cted reserves a￿ av8i5ab5e during the year. Page 25

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 13. ANALYSIS OF ASSEfs BETWEEN FUNDS 2022 Unrestsicted Expendable Funds Endowment Total Tangible fixed assets Investments and Associated Deposits Net current assets 85.687 100,815 1.703,935 85,687 79,537.322 79,638, 137 1,703,935 1,890,437 79,537,322 81,427,759 Unrestrtcted Expendable Funds Endowment Movement in thg year Opening balance as at 1 September 2021 Total income & endowments Cost of raising funds Cost of charitable acttvities Losses on Investments Transfer between funds Total 2,762,256 1,354,650 1343.5761 (2.968.139) 86.724,120 89,486,376 1.354,650 1343.5761 (2.968,1391 (6,101,552) (6.101.552) 11,085.246) 1,085.246 1,890,437 79,537,322 81,427,759 13. ANALYSIS OF ASSETS BETWEEN FUNDS 2021 unrestn.cted Expendable Funds Endowment Total Tangible fixed assets Investments and Associated Deposits Net current assets 91.173 100.814 2,570,269 91,173 86,724,120 86,824,934 2,570,269 2.762,256 86,724.120 89,486,376 Unrestricted Expendab Funds Endowment Movement in the year Opening balance as at 1 September 2020 Total income & endowments Cost of raising funds Cost of charitable ath"viti"es Gains on Investments Total 3,410,242 77,290.956 2,188,468 1321,321} (2,515,133} 80,701.198 2,188,468 {321,3211 12,515,133) 9,433,164 9,433,164 2,762.256 86,724.120 89,486,376 14. CHARrrABLE COMMITMENTS At 30 September 2022 the Foundation had outstanding commitments to make charitable grants amounting in total lo £2,307,30012021_" £2,935.400} which will be funded from future income. £1,226,800 is due to be met wtthin one year and £1,080.500 is due to be met after rnore than one year. Page 26

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 Of the material commitments due after one year include £1.055,000 is due to ￿h0o1$. Major commttments that are due within one year include £450,000 to Great Westem Air Ambulance, and £190,000 to CreatNe Youth Network, £100,000 to Watershed and £100,000 lo Bristol & Weslon Hospitals, Charty. All commitments are subject to the ￿thIr￿ent of certain cOnd￿'0n$. Material indNidual commf(ments and ￿Ories of commtbnents are disclosed below. New Grants SOFA Released clf Total Schools Bristol & Weston Hos Ètals, Cha Bamardo's - Bristol BASE Bristol Music Trust Creatr've Youth Net￿￿rk Fareshare South Wesl Great Westem Air Ambulanee Ro al West of En and Academ St Peter's Hos Southmead Hos ital Cha The Park. Knowle West Universi of Bristol Watershed Arts TTUSt Ltd others Less than £25 000 Total 1,270,500 100.000 30.000 216,000 4,500 220,500 1,270,500 100 000 40,000 18,000 190,000 35,000 450,000 30,000 119,000 190,000 35,000 450.000 152,500 90,000 70 000 250,000 152.500 ),000 70.000 250.000 16,000 48.000 32,000 100,000 71.800 2 307 300 100,000 105.400 137.000 1.010,500 103.400 446.900 74,500 15. RELATED PARTY TRANSACTIONS Mrs J Johnson donated a number of rtems of jewellery of which 1 item was sold during the year and generated £232, 1 item remains unsold and is recorded at Tril value. There were no other related paty transactions in the year. During 2021, Mrs J Johnson donated a total of 6 paintings to the Found31ion of which 3 were sold tast year and the remaining 3 We￿ sold for £68.310. There were no other related party transacb'ons in the year. Page 27

JOHN JAMES BRISTOL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2022 16. STATEMENT OF FINANCIAL AcnvmES 2021 2021 Total Funds 2020 Total Funds Expendable un￿strICted Endowment Notes INCOME AND ENDOWMENTS FROM: Donations. legaues ChartEable activrfties Investments 58.093 177,817 77 1,934,070 2,130.341 2,130,341 Total InGome and End0￿ents 2.188.468 2,188,468 2, 111,904 EXPENDITURE ON.. Raising funds Charita￿e aGtivtties 321,321 2,515.133 321,321 2,S15.133 280.676 2,482, 160 Total Ex￿ndItUre 2,836.454 2.836N54 2, 762,836 Nèt gainsAossès on investments 9.433,164 9.433,164 (2,313.037) NET INCOME {647,9861 9,433.164 8.785.178 f2,963,969) NET MOVEMENT IN FUNDS 1647,9861 9,433.164 8,785.178 (2,963,969) RECONCILIATION OF FUNDS: Totsl fvnds brought forvraFd 3,410,242 77.290.956 80.701.198 83,665, 167 TOTAL FUNDS CARRIED FORWARD AT 30 SEPTEMBER 2021 12.13 2.762.256 86.724.q20 89.486.376 80, 701, 198 Page 28