2023-09-30-accounts - John James Bristol Foundation

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`Contents`	`Page`
`ReportoftheTrustees`	`2-9`
`IndependentAuditor'sReport`	`10-12`
`StatementofFinancialActivities`	`13`
`BalanceSheet`	`14`
`CashFlowStatement`	`15`
`NotestotheFinancialStatements`	`16- 25`

				`2023`	`2022`
			`Expendable`	`Total`	`Total`
	`Notes`	`Unrestricted`	`Endowment`	`Funds`	`Funds`
		`£`	`£`	`£`	`£`
`INCOMEANDENDOWMENTSFROM:`
`Donations`	`16`	`87,351`	`-`	`87,351`	`83`
`Charitableactivities`		`-`	`-`	`-`	`20`
`Investments`	`2`	`1,002,923`	`-`	`1,002,923`	`1,354,547`
`TotalIncomeandEndowments`		`1,090,274`	`-`	`1,090,274`	`1,354,650`
`EXPENDITUREON:`
`Raisingfunds`	`3`	`308,387`	`-`	`308,387`	`343,576`
`Charitableactivities`	`4`	`2,573,258`	`-`	`2,573,258`	`2,968,139`
`TotalExpenditure`		`2,881,645`	`-`	`,2,881,645`	`3,311,715`
`Netgains/(losses)oninvestments`	`8`	`-`	`2,076,336`	`2,076,336`	`(6,101,552)`
`NET(EXPENDITURE)/INCOME`		`(1,791,371)`	`2,076,336`	`284,965`	`(8,058,617)`
`Transferbetweenfunds`	`12,13`	`1,566,657`	`(1,566,657)`	`-`
`NETMOVEMENTINFUNDS`		`(224,714)`	`509,679`	`284,965`	`(8,058,617)`
`RECONCILIATIONOFFUNDS:`
`Totalfundsbroughtforward`		`1,890,437`	`79,537322`	`81,427,759`	`89,486,376`
`TOTALFUNDSCARRIEDFORWARD`
`AT30SEPTEMBER2023`	`13`	`1,665,723`	`80,047,001`	`81,712,724`	`81,427,759`

	`Notes`		`2023`		`2022`
`FIXEDASSETS:`		`£`	`£`	`£`	`£`
`Tangibleassets`	`7`		`80,201`		`85,687`
`Investments`
`DiscretionaryPortfolio`	`8`	`74,346,143`		`72,804,816`
`Non-DiscretionaryPortfolio` `PropertyFunds`	`8` `8`	`1,538,097` `4,162,761`		`1,898,047` `4,935,274`
			`80,047,001`		`79,638,137`
`TOTALFIXEDASSETS`			`80,127,202`		`79,723,824`
`CURRENTASSETS:`
`Currentassetinvestments`	`16`	`3,318`		`ee`
`Debtors`	`9`	`203,989`		`219,174`
`Cashatbankandinhand`		`1,561,300`		`1,592,717`
`TOTALCURRENTASSETS`			`1,768,607`		`1,811,891`
`LIABILITIES:`
`Creditors:Amountsfallingdue`	`10`	`183,085`
`withinoneyear`				`107,956`
`NETCURRENTASSETS`			`1,585,522`		`1,703,935`
`TOTALNETASSETS`			`81,712,724`		`81,427,759`
`THEFUNDSOFTHE`
`FOUNDATION:`
`ExpendableEndowmentFunds`	`12,13`		`80,047,001`		`79,537,322`
`UnrestrictedFunds`	`12`		`1,665,723`		`1,890,437`
`TOTALFUNDS`			`81,712,724`		`81,427,759`

	`2023` `£`	`2022` `£`
`Cashflowsfromoperatingactivities:` `NetIncome/(loss)fortheyear`	`284,965`	`(8,058,617)`
`Adjustmentsfor:` `Depreciationcharges` `(Gains)/Lossesoninvestments` `Investmentincome`	`5,486` `(2,076,336)` `(1,002,923)`	`5,486` `6,101,552` `(1,354,547)`
`(Increase)/Decreaseincurrentassetinvestments` `Decrease/(Increase)indebtors` `Increase/(Decrease)increditors`	`(3,318)` `15,185` `75,129`	`68,710` `(98,191)` `(14,892)`
`Netcashprovided(usedin)/byoperating` `activities`	`(2,986,777)`	`4,708,118`
`Cashflowsfrominvestingactivities:` `Investmentincome` `Proceedsfromsaleofinvestments` `Purchaseofinvestments`	`1,002,923` `1,914,197` `(246,725)`	`1,354,547` `1,085,245`	`-`
`Netcashprovidedbyinvestingactivities`	`2,670,395`	`2,439,792`
`Cashflowsfromfinancingactivities:`
`Netcashprovidedby/(usedby)financingactivities`
`Changeincashandcashequivalentsinthe` `Year`	`(31,417)`	`(910,707)`
`Analysisofcashandcashequivalents` `Cashatbankandinhandbroughtforward` `Cashatbankandinhandcarriedforward`	`1,592,717` `1,561,300` `(31,417)`	`2,503,424` `1,592,717` `(910,707)`

		`Education`	`Health`	`Elderly`	`General`	`TOTAL`
			`£`	`£`	`£`	`£`
	`DirectCosts`	`835,879`	`1,231,791`	`325,187`	`-`	`2,392,857`
	`SupportCosts`
	`Staff`	`35,570`	`37,859`	`19,333`	`-`	`92,762`
	`Property`	`5,762`	`8,491`	`2,242`	`-`	`16,495`
	`Office`	`22,936`	`33,799`	`8,923`	`-`	`65,658`
	`Depreciation`	`1,916`	`2,824`	`746`	`-`	`5,486`
	`TOTAL2023`	`902,063`	`1,314,764`	`356,431`	`-`	`2,573,258`
	`TOTAL2022`	`1,210,990`	`1,185,589`	`570,515`	`1,045`	`2,968,139`
`5.`	`NETINCOME/ (EXPENDITURE)`
	`Thisisstatedafter`	`charging:`
					`2023`	`2022`
					`£`	`£`
	`Auditor'sremuneration— audit`				`15,600`	`15,680`
	`Legalfees`				`5,640`	`10,566`
					`21,240`	`26,246`
	`STAFFCOSTS`				`2023`	`2022`
					`£`	`£`
	`Wagesandsalaries`				`84,307`	`82,479`
	`Pensions`				`5,863`	`3,893`
	`Employer'snational`	`insurancecosts`			`2,592`	`3,193`
					`92,762`	`89,565`
					`No.`	`No.`
	`Theaveragenumber`	`ofemployees`	`was:`		`4`	`4`

	`*`
`7.`	`TANGIBLEFIXEDASSETS`
				`Freehold`		`Office`
				`Property`		`Equipment`		`Total`
	`Costorvaluation`				`£`	`£`		`£`
	`At1 October2022`			`160,000`		`18,445`		`178,445`
	`Additions`				`:`	`:`		`-`
	`At30September2023`			`160,000`		`18,445`		`178,445`
	`Accumulateddepreciation`
	`Atbeginningofyear`			`76,800`		`15,958`		`92,758`
	`Chargeforyear`			`3,200`		`2,286`		`5,486`
	`At30September2023`			`80,000`		`18,244`		`98,244`
	`Netbookvalue`
	`At30September2023`			`80,000`		`201`		`80,201`
	`At30September2022`			`83,200`		`2,487`		`85,687`
	`INVESTMENTS`					`2023`		`2022`
						`£`		`£`
	`DiscretionaryPortfolio`
	`At1 October`					`72,804,816`	`80,655,058`
	`Proceedsonsaleofinvestments`					`(1,914,197)`		`(1,085,246)`
	`Purchaseofinvestments`					`246,725`		`-`
	`Netinvestmentgains/(losses)`					`3,208,799`		`(6,764,996)`
	`Marketvalueat30September`					`74,346,143`	`72,804,816`
	`InvestmentsintheUK:`
	`Equitysharesandpooledfunds`					`16,891,677`		`7,230,651`
	`Cashinstruments`					`278,051`		`751,302`
	`Investmentsoverseas:`
	`FixedInterest& Equityshares`					`57,176,415`	`64,822,863`
						`74,346,143`	`72,804,816`
	`Theinvestmentholdingsmaking`	`upmorethan70%`		`ofthe`	`portfolio`	`areshown`	`below:`
	`IsharesUSEquityIndexfund`					`21%`		`19%`
	`BlackrockGlobalFundLongHorizon`					`14.9%`		`-`
	`BlackrockDevelopedmarketsustainable`		`equityfund`			`12.2%`		`42.5%`
	`BlackrockGlobalunconstrainedEquities`					`9.8%`		`-`
	`BlackrockAdvancedEmergingMarkets`		`Equityfund`			`9.8%`		`8.5%`
	`BlackrockContinentalEuropean`					`5.3%`		`6.6%`
	`DevelopmentWorldESGIndex`					`-`		`15.3%`
	`The` `historiccost` `oftheDiscretionary`		`Portfolio’sinvestments`		`at30`	`September`	`2023`	`is`
	`£72,680,` `126(2022:£76,228,380).`
	`DirectlyHeldPropertyFunds`					`2023`		`2022`
						`£`		`£`
	`Asat1 October`					`6,833,321`		`6,169,876`
	`Unrealisedinvestment(losses)/gains`					`(1,132,463)`		`663,445`
	`Marketvalueat30September`					`5,700,858`		`6,833,321`

		`2023`	`2022`
		`£`	`£`
	`AccruedIncome`	`203,989`	`219,174`
		`203,989`	`219,174`
`10.`	`CREDITORS`
		`2023`	`2022`
		`£`	`£`
	`TradeCreditors`	`4,278`	`9,165`
	`Accruals`	`178,807`	`98,791`
		`183,085`	`107,956`

`EDUCATION`	`£`
`BRISTOLINDEPENDENTSCHOOLS— JOHNJAMESAWARDSCHEME`
`BadmintonSchool`	`30,000`
`BristolGrammarSchool`	`30,000`
`CliftonCollege`	`30,000`
`CliftonHighSchool`	`30,000`
`Colston’sSchool`	`30,000`
`QueenElizabeth’sHospital`	`30,000`
`Redmaids’HighSchool`	`30,000`
	`210,000`
`BRISTOLSCHOOLS— PRIZESANDAWARDS`
`Includingawardsof£5,000to24SecondarySchools`	`137,695`
`BRISTOLPRIMARYSCHOOLS— RESIDENTIALTRIPS`
`Includingawardsto11PrimarySchools`	`35,700`
`OTHEREDUCATION`
`CreativeYouthNetwork- towardstheredevelopmentofTheCourts`	`190,000`
`LansdownParkAcademy`	`35,000`
`BristolMusicTrust`	`18,000`
`Princes’Trust`	`15,000`
`AvonYouthClub`	`15,000`
`TheWheelsProject`	`15,000`
`LifeCycle`	`13,200`
`Horseworld`	`10,400`
`ChangingTunes`	`10,000`
`1625IndependentPeople`	`10,000`
`1stMuslimScoutGroup`	`10,000`
`PerryCourtE-ActAcademy`	`8,795`
`Room13Hareclive`	`8,000`
`YoungCarersDevelopmentTrust`	`6,861`
`Othergrants< £5,000`	`87,228`
	`452,484`

		`£`
	`Bristol` `&WestonHospitalsCharity`	`105,400`
	`WellspringSettlement`	`40,000`
	`BlackSouthWestNetwork`	`37,500`
`_*`	`BristolCitizensAdvice`	`36,000`
`"`	`Fareshare`	`35,000`
	`MarieCurie`	`32,500`
	`PennyBrohn`	`30,000`
	`InHope`	`30,000`
	`BarnardosBase`	`30,000`
	`NSPCC`	`30,000`
	`Hawkspring`	`30,000`
	`SixtyOne`	`30,000`
	`BristolRefugeeRights`	`25,000`
	`HartcliffeCityFarm`	`25,000`
	`Key4LifeClO`	`21,000`
	`TalkingMoney`	`20,000`
	`SevernsideBuilding`	`20,000`
	`TheGreenHouse`	`20,000`
	`Borderlands`	`17,000`
	`UniversityofBristol`	`16,000`
	`-One25Ltd`	`15,000`
	`BrainTumourSupport`	`15,000`
	`HousingMatters`	`15,000`
	`LawrenceWestonCommunityChurch`	`15,000`
	`JumpStart` `.`	`13,500`
	`RefugeeWomenofBristol`	`12,500`
	`StJohnAmbulance`	`12,000`
	`TargetOvarianCancer`	`12,000`
	`AccessSport`	`10,063`
	`FilwoodPlayingFieldTrust`	`10,000`
	`TheCommunityoftheSistersoftheChurch`	`10,000`
	`Postscript`	`10,000`
	`GreatGeorgeStreetChurch`	`10,000`
	`BarnardosAmbitionsInitiative`	`10,000`
	`CLICSargent`	`10,000`
	`_Gympanzees`	`10,000`
	`»`

`TheMatthewTreeProject`		`10,000`
`YoungBristol`		`10,000`
`Bibic`		`10,000`
`HeartofBS13`		`10,000`
`Huntington'sDisease`		`10,000`
`Shelter`		`10,000`
`SouthmeadProject`		`10,000`
`ShirehamptonFootballClub`		`10,000`
`StepandStone`		`10,000`
`MeadowValeCommunityAssociation`		`10,000`
`Beloved`		`10,000`
`Revitalise`		`10,000`
`GreatWesternAirAmbulance`		`10,000`
`Crohn's& Colitis`		`10,000`
`Unseen`		`10,000`
`Bristo!SomaliYouth`		`9,660`
`WindmillHillCityFarm`		`9,500`
`BravoMedics`	`—`	`9,474`
`TheHarbour`		`8,000`
`AllAboardWaterSports`		`8,000`
`React`		`7,000`
`Willow`		`6,500`
`Opoka`		`6,000`
`FeedingBristol`		`6,000`
`KidsCancerCharity`		`5,500`
`SouthBristolChildContact`		`5,500`
`Othergrants< £5,000`	`180,194`
`TOTALHEALTH`	`1,231,791`

		`Unrestricted`	`Expendable`
		`Funds`	`Endowment`	`Total`
		`£`	`£`	`£`
`Tangiblefixedassets`		`80,201`	`-`	`80,201`
`InvestmentsandAssociatedDeposits`		`-`	`80,047,001`	`80,047,001`
`Netcurrentassets`		`4,585,522`	`-`	`1,585,522`
		`1,665,723`	`80,047,001`	`81,712,724`
		`Unrestricted`	`Expendable`
		`Funds`	`Endowment`	`Total`
`Movementintheyear`		`£`	`£`	`£`
`Openingbalanceasat`	`1September2022`	`1,890,437`	`79,537,322`	`81,427,759`
`Totalincome& endowments`		`1,090,274`	`-`	`1,090,274`
`Costofraisingfunds`		`(308,387)`	`-`	`(308,387)`
`Costofcharitableactivities`		`(2,573,258)`	`-`	`(2,573,258)`
`GainsonInvestments`		`-`	`2,076,336`	`2,076,336`
`Transferbetweenfunds`		`1,566,657`	`(1,566,657)`	`-`
		`1,665,723`	`80,047,001`	`81,712,724`

			`Unrestricted`	`Expendable`	`Expendable`
			`Funds`	`Endowment`					`Total`
			`£`		`£`				`£`
`Tangiblefixedassets`			`85,687`		`-`				`85,687`
`investmentsandAssociatedDeposits`			`100,815`	`79,537,322`				`79,638,137`
`Netcurrentassets`			`1,703,935`		`-`			`1,703,935`
			`1,890,437`	`79,537,322`				`81,427,759`
			`Unrestricted`	`Expendable`
			`Funds`	`Endowment`					`Total`
`Movementintheyear`			`£`			`£`			`£`
`Openingbalanceasat` `1September`	`2021`		`2,762,256`	`86,724,120`				`89,486,376`
`Totalincome& endowments`			`1,354,650`			`-`			`1,354,650`
`Costofraisingfunds`			`(343,576)`			`-`			`(343,576)`
`Costofcharitableactivities`			`(2,968,139)`					`(2,968,139)`
`LosesonInvestments`				`(6,101,552)`				`(6,101,552)`
`Transferbetweenfunds`			`1,085,246`	`(1,085,246)`					`-`
			`1,890,437`	`79,537,322`				`81,427,759`
`HARITABLECOMMITMENTS`
`t30September2023theFoundationhad`		`outstandingcommitmentstomake`			`charitablegrants`
`mountingintotalto£1,945,260(2022:£2,307,300)whichwillbe`				`fundedfrom`		`future`		`income.`
`895,260isduetobemetwithinone`	`year`	`and£1,050,000isduetobemetafter`				`morethan`			`one`
`ear.`
`fthematerialcommitmentsdueafterone`		`year,£1,050,000isdue`		`toschools.`	`All`	`commitments`
`resubjecttothefulfilmentofcertain`	`conditions.`
`aterialindividualcommitmentsand`	`categoriesof`		`commitmentsaredisclosed`		`below.`
		`b/f`	`SOFA`	`Released`	`New`		`Grants`		`c/fTotal`
		`£`	`£`	`£`			`£`		`£`
`Schools`	`1,270,500`		`217,195`	`3,305`		`220,500`			`1,270,500`
`Bristol& WestonHospitals’Charity`		`100,000`	`100,000`	`-`				`-`		`-`
`Barnardo’s— BristolBASE`		`40,000`	`40,000`	`-`			`40,000`		`40,000`
`BristolMusicTrust`		`18,000`	`18,000`	`-`				`-`		`-`
`CreativeYouthNetwork`		`190,000`	`190,000`	`-`				`-`		`-`
`FareshareSouthWest`		`35,000`	`35,000`	`-`				`-`		`-`
`GreatWesternAirAmbulance`		`450,000`	`10,000`	`-`			`73,760`		`513,760`
`UniversityofBristol`		`32,000`	`16,000`	`-`				`-`	`16,000`
`FriendsofJubileepool`			`-` `-`	`-`			`50,000`		`50,000`
`SpikeIsland`			`-` `-`	`-`			`30,000`		`30,000`
`WatershedArtsTrustLtd`		`100,000`	`-`	`100,000`				`-`		`-`
`OthersLessthan£25,000`		`71,800`	`57,800`	`10,000`			`21,000`		`25,000`
`Total`	`2,307,300`		`683,995`	`113,305`		`435,260`			`1,945,260`

				`2022`	`2021`
			`Expendable`	`Total`	`Total`
	`Unrestricted`		`Endowment`	`Funds`	`Funds`
	`£`		`£`	`£`	`£`
`INCOMEANDENDOWMENTS`
`FROM:`
`Donations,legacies`	`83`		`-`	`83`	`58,093`
`Charitableactivities`	`20`		`-`	`20`	`34`
`Investments`	`1,354,547`		`-`	`1,354,547`	`2,130,341`
`TotalIncomeandEndowments`	`1,354,650`		`-`	`1,354,650`	`2,188,468`
`EXPENDITUREON:`
`Raisingfunds`	`343,576`		`-`	`343,576`	`321,321`
`Charitableactivities`	`2,968,139`		`-`	`2,968,139`	`2,515,133`
`TotalExpenditure`	`3,311,715`		`-`	`3,311,715`	`2,836,454`
`Net(losses)/gainsoninvestments`		`-`	`(6,101,552)`	`(6,101,552)`	`9,433,164`
`NET(EXPENDITURE)/INCOME`	`(1,957,065)`		`(6,101,552)`	`(8,058,617)`	`8,785,178`
`Transferbetweenfunds`	`1,085,246`		`(1,085,246)`	`-`		`-`
`NETMOVEMENTINFUNDS`	`(871,819)`		`(7,186,798)`	`(8,058,617)`	`8,785,178`
`RECONCILIATIONOFFUNDS:`
`Totalfundsbroughtforward`	`2,762,256`		`86,724,120`	`89,486,376`	`80,701,798`
`TOTALFUNDSCARRIED`
`FORWARD`
`AT30SEPTEMBER2022`	`1,890,437`		`79,537,322`	`81,427,759`	`89,486,376`