ChaYl£y reglstrdtlon nurnbÈr 293571
THE PETER JOST CHARITABLE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

THE PETER JOST CHARITABLE FOUNDATION
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr R E Worby
Prof J Awilllams
Prof H A Splkes
Prof H P Evan5
Charlty number
293571
Prlnclpal addr8SS
East Wing
Golf Oak House
Goffs Lane
Goffs Oak
Wallham Gros8
EN7 5GE
Independent examln8r
Kingsman-Ac¢ounl£nls Llmited
9 KennedyAvenue
Enfield
Middla88X
EN34PA
Bankers
C Ho8ie & Co.
37 Fleet Street
London
EC4P 40Q
Investm8nt managers
InvÈslec Wealth & Investrnent
30 Gresham Str881
London
EC2V 7QN

THE PETER JOST CHARITABLE FOUNDATION
CONTENTS
Page
Chaliman's slalern8nt
Tru5t&e5' report
Independent examlnerts report
statement of financlal activitie5
Balance Sheet
Notes to the finanrial statements
7-12

THE PETER JOST CHARITABLE FOUNDATION
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 5 APRIL 2024
11 feels that after such a long lime, the world if finally beginnlng to get back lo normal, although Ihls Is somewhat of a
'new noitnal,. Pleaslngly the FoundallDn has b68n able to extend ils support to entitles and Inltl2tSves in their primary
areas of ￿nte￿$1, l.e. the furtherance of the science of Tribology, and aidlng Indlvlduals wilh hearing difficulties, a5 well
as a mlx of other ancillary good causes.
Durlng the yaar PelerJosl Travel Fund provlded finanrial support lo 43 UK based academle5 and researchers In
allendlng trfbology and r81ated confeiences.
Moreover. we continue to 5UPPOrt a research proj8Ct overseen by Alzheimeffs UK and Iknown as the Margaret Josl
Fellow5hipl as well as a ie5eHrGh programme for the b8nefil of individusls suffering wSlh Neurofibrom2108is type 2 INF21.
The aggregate donatluns mad& by th8 Found8tion dullng the year have In¢￿ased by more than 25% and seemingty Ihe
need for the Foundation's work remains a5 compelling and great as ever.
Most nolabty the'Jost Sludenlship" has been eslab5ished providing full fundlng and vital experience for a selected PhD
students over 8 3-ye8rterm creating an opportunily for successful eandidales to work In highly creallve and InnovatlV8
surrounding5. Dr Cristinel Mares from the Goll8ge of Engineering in Biunel Unnierslty was the inaugural reclpient after
rareful consideration by an indEpendEnl ludglng p8nel. Th& Found8tion are commltted towards a programm8 af similar
annual award and pla￿mentS.
Sln¢e the year end the Foundallon has decamped from its formor HQ In Enfield and now operate5 thmugh a ￿rtUal
office.
l offer thanks to my felbw trustees and stsff fortheir dedication and experiise withoul whl¢h none of the for8going would
have been posslble.
Robln Worby
Chalrm
Dated..

THE PETER JOST CHARITABLE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2024
The Trust885 present Ihelr annual r&port and financial statements for th& year ended 5 Aprll 2024.
The financSal 51alements have been prePa￿d In actordance with the acGountlng poll¢ies sel out in note fj to th8
rinanGial stalemonls and Cor￿p￿ with the Foundation's Tiust Deed, the Charllles A¢1 2011 and °Accounting and
Reporting by Charities.. Statement of RecotnmEnded Practice appllcable to ¢harllies preparing their accounts in
accordan¢e with the Financial Reportlng Standard applicable In the UK 8nd R8public of Ireland IFRS 1021. las
atnended for 8ccounling periods commenelng from l January 20161
Ob]ectlves and a¢tivltle$
The Foundation was set up to make donations to various charities and other scienllflc research instilules,
part5Gularly those involved In Trlbology. During the year it has contlnued to provlde funding lo such organisalions.
The Trustee5 have paid due regard to guidance on publlc benefit Issued by the Charlty Comrni55ion In declding
what activllies the Foundation should undertake.
The Foundation's links with the communlty hav8 contlnued throughoul th8 y8ar. This included provldlng funding
for various educational and research proj8cls as well as other organlsalions within the Ghathty sector. Details Hre
shown In note 4 to these financlal ststements.
Achlevements and performance
During the year under revlew, charities and InstMutlon$ enloylng chaiilable 51alus dealing with education. the
furtherance of science and disablement have been support8d.
Flnanclal revlew
other donations paid during Ihe year lolal some £138,82612023.' £107,933) and a listing of the benefi¢iari8s of
the awards are listed in note 4 to the financial slaletnents.
The n8t incomlnglloutgolng} resourc&s for the year amounted to £44,780 12023.. 1£439,12011 and at the end ol
the year the Foundation had cash asse15 of £143,357 12023.. £62,041). The financial po8ition continues I,
monitored by tha Trust88s. The TIu51ees ¢onsidored that the funds avallable would be adequate lo lulfi
futu￿ obllgations of the Foundation.
ReseNes policy
Unrestiicted funds amount to É4,212,033 12023.. £4,167.2531. Thls level of reserves will allow The Peter Josl
Cha￿lable Foundatlon to continue operating and provlde it wth the capa¢Sty to pursue ils charitable objects. Our
policy is IherÈfore io maintain these iesEwes LJY matching the volume of grants mgde wlh income rece1vable.
Investmentpollcy
Investment powers are govem8d by the trust deed. There are no restrlGtion$ on the Trust888' absolute powers of
investment.
Rlsk mon8gement
The Trustees continue to keep the Foundatlon's acllvllles under r8w8w, particularly wlth regard lo any rnajor rfsks
that may aiise from Ilme to tlme 2nd to monitor the effecliven6ss of the system of internal controls and other
V18ble mean5 by whlch those risks already Identlfied by the Trustee5 can best be miligaled.

THE PETER JOST CHARITABLE FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Structure. goverllance and management
The Foundation is governed by the Trust DeEd dated 2 January 1988 (which speciffe5 the obleclwes of the
Foundation and ils beneficiaries) a5 expanded by the Deed of Enlargement dated 3 Febwary 2017. Wilh effect
from 29 May 2020 the Foundatlon has beÈn incorporated as a body corporate by Iho Charity Commission of
England and Wales under power gSven in section 251 of the Ch&riliesAcl 2011.
The Trustees who served during the yearand up lo the date of slgnatur8 of the financlal statements wer8..
Mr R E Wortjy
Prol J A Williams
Prof H A Spikes
Prof H P Evans
The appolnlment of n8wTtuslees is govetned by the Foundallan's Tiust Deed and the power to appolnt new
Trustees rests with Trustees that pievail frtsm tlm8 to tim8.
The Foundatlon's day to day buslness is Co-ordinated by Mr R E Worby. He has und&rtaken tralnlng and allends
relevant courses and seminars a$ appropriate to hi5 role In Ihls respect.
The Twste8s m88t on a regular basls to dl$¢uss th6 Foundation's affaits.
The Tru
es, report was approved by th8 Board of Trustees.
Trustee
Dated..

DY4ft Financial Statements at 26 Septembgr 2024
THE PETER JOST CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PETER JOST CHARITABLE FOUNDATION
I report to the T¥ustees on my examin#tlon of the financial slalements of The Peter Jost char￿able Foundation
(the Foundation) for the yeai ended 5 April 2024.
Rgsponslbllltlo8 and ba¥l$ of rèport
As the Trustees of the Foundation you Are responsible for the preparation of the financial statements In
accordance with the requirements of the Charities Act 2011 (the 2011 Acti.
I report in respect of my examinatlon of the Foundation s ffinanci818tatements carrled out Under $Èellon 145 of
the 2011 Act. In carrylng out my examination, I have followed all the applicable Directions given by the Charity
Commlssion under section 14515llbl of the 2011 Act.
Indop8ndÈnt èx&mlner's ststemont
Your attention is drawn to the fa¢1 that the charity has prepared financi81 st8lernents in aecordance with
Accounting and Reportin9 by Chari118s preparing their a¢counl$ iii accoidancè with the Flnancial R8portlng
standard applie2ble in the UK and Republic of Ireland IFRS 1021 in prefÈr8nce lo the Accounting and
Reporting by Charities., Statement gf Recommènded Practice issued on 1 Aprfl 2005 which is referred to In the
extant ¥egulation$ but ha$ now beèn withdrawn.
l understand Ihat this has boèn done In order for financial $181ements to provlde a true and falr vlew In
accordan¢e with G8nerally Accepted A￿OuntIng Pr8ctlce elfective for reporting periods beginning on or after 1
January 2015.
I have eompleted my examination. l confirm that no matters have come lo my sttenUon In connection wSth the
examination giving m& ¢au$e to balieve that in any malgrial respect..
acwunting records werè not kept In rtsspe¢l of the Foundation as required by section 130 of the 2011 Act.,
or
the financial slalements do not accord with thosè records,. or
the financial Statements do not comply wth lh8 applicable requlrements concerning the form and ¢ont8ril
of accounts set out in the Chartlies IAceounts and Reports) Re9ulallon$ 2008 other than any requlrement
that the a¢counts givè a Iwe and lair view whith is not a matter considered 88 part of an Independent
&X8mlnation.
I hav¢ no Gon￿rn$ and have come aero89 no other matters in connection with the examination to which
attention should be drawn in thig Mport in order lo ellable g propèr understandlng of the flnana81 statements tr>
be reached.
Mrjsa
Inaden FMAAT
Indèpendent Examiner
9 Kennedy Avenue
Enfi8ld
Middlesex
EN3 4PA
Dated..

THE PETER JOST CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 5APRIL 2024
Unrestrl¢ted Unreslrictad
funds
funds
2024
2023
Notes
Income from..
Investment income
28,845
14,673
endlture on..
Chari18ble activities
212,789
189,764
Net galnslllossesl on investtnent5
230.924
1264,0291
Nat rnovement In funds
44.780
1439.1201
Fund balan￿$ at 6 Aprll 2023
4,167,253
4,808.373
Fund balances at 5 Aprtl 2024
4,212,033 4,167,253
The statement of Ilnandal acllvllles Indudes all g£ins and losses iecogni5ed in the year.
All incom& and expendituie deilve from contlnulng a¢ll￿tIes.

THE PETER JOST CHARITABLE FOUNDATION
BALANCE SHEET
ASAT5 APRIL 2024
2024
2023
Notes
Flxed as5et5
Investments
10
4,084.174
4.122,420
Current a$sÈts
Debtors
Cash al bank and in hand
Cash with stockbrokers
11
3.848
83,686
59,671
1,644
30,941
31,100
147,205
63,888
Credltors.. amounts falling due wlthln
one year
119,3461
118,8521
Nel ¢urr8nt assets
127,859
44,833
Total asset5 less ¢urrent Ilabllities
4.212,033
4,167,253
Income funds
Unreslricted funds
4.212,033
4,167.253
4,212,033
4.167,253
Th& financial stalemenlÉ w8re approved by the Trustees on
Trustee

THE PETER JOST CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
Accounting pollcle8
Foundatlon Informatlon
The Pelei Josl Charitable Foundation 15 an incoiporaled charity wh086 principal addres$ 18 East Wing, Goffs
Oak House, Goff5 Lane, Goffs Oak, Waltham Cros5. EN7 5GE.
1.1 Accountlng convention
The financial statements have been prepared in accoidance with the Foundation's Trust Deed. the Chaiities
Act 2011 and A¢counling and Reportlng by Charlties.. Statement of Recomrnended Practice applicable to
charllie$ prep8rln9 Ihelr a¢¢ounls Sn accordance wlth the Financial Reportiny Stan(fard applicable in the UK
and Republic of Ireland IFRS 1021 la$ amended for a¢¢ountlng perlods ¢ommenclng from 1 January 20161.
The Foundation Is a Public Ben8fil Entity as defined by FRS 102.
The flnan¢lal statements have departed from the Charitles (Accounts and Reports) Regulations 2008 only to
the Èylent required to provlde a true and fair vlew. Thls departure ha5 involved followng the Statement of
R8comm&ndÈd Pracllte for ¢harllles applying FRS 102 ialher than the version of the Statement ol
R8commended Pradlce whlch Is referred lo In the Regulatlons but whlch has since been withdrawn.
The fInaN￿al staternenls are pr8paied in stetling. which is th8 functional currency ol the Foundation. Monetary
amounts In these financial statements are rounded lo the nearest £.
The financial slalemenls have b8en prepared under th8 historical cost conventlon. modified to In¢lude fixed
asset Investments at fair value, The principal accounting poliues adopted are s8t out below.
1.2 Golng concern
At the Ilme of approvlng the financlal statements, the Trustees have a reasonable expectstion that Ihe
Foundallon has adequatÈ resources lo contlnuÈ In opÈrallonal ex15ten￿ for the foreseeable fvtuie. Thus the
Trustees continue to adopt the going conc8rn bas18 of accounting In preparing thè flnan¢lal statements.
1.3 Charftable fund8
Unrestricled funds are avallable for use al the dlscretlon of the Trustees In furtheran￿ of thelr charitable
objects'ves unl8SS th8 funds have been designated for other purposes.
1.4 Income
Income is recagnlsed when the Foundation is legally entllled toll after any Perfoman￿ condltlons have been
mel, the amounts can be measured reliabty, and il is probable that In¢ome will LJe recelved.
1.6 Expendlture
Réstturces expended are included In the StateTnent of Financial ActiviliBS on an accrua15 basis, inclusive of
any VAT whlch cannot be r&cover&d. Th8y are r8cognlsed when the￿ is a legal or consliudlve obllgatlon to
pay for expenditure.
Grants and donations payable are charged to the Statement of Financial Activities In th8 perlod In whi¢h they
have been approved and cotntnilted.
Govemance c05t5 represent those ¢osl$ 35$0Glated wlth meeting the constitutional and Statutory
raquiremants af the Foundation.
1.6 Flxed assot Investment8
Fixed as88t inv881menls are Initial￿ m8asured at transaction pri¢8 excluding tran$a¢llon Costs, and are
subs8quenlly m8asur8d al fair value al each reporting dale. Changes in farr value are recognlsed In net
incomelleKpenditurel for the year. Transaclion costs ale 8xpens8d as incurred.

THE PETER JOST CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2024
A¢countlng policle$
Icontlnupdl
1.7 Cash and cash equlvalents
Cash snd cash equiv8lents include cash in hand, deposS1s held al call with banks, other 8hort-teim liquid
investments with original tnaturilles ol three months or less, and bank overdratts. Bank overdiaft5 are shown
within borrowlngs in cuiient Ilabllltles.
1.8 Flnan¢lal Instruments
The Foundation has elected to apply tha provision5 01 Secllon 11 'Basic Finan¢lal Inslrument5' Hnd Sectlon 12
'Olher Financial Insliurnenls Issu6s' of FRS 102 to all of ils financial Instwments.
Flnanclal instruments are r8cognised In the Foundation'8 balance sheel when the FDundatlon becomes party
to th8 contractual provislons of the Instrumént.
Baslc financlal assets
Basic financial assets, whlch include debtors and cash and bank balances. are initially rneasuffd al
transaction prlce induding tiansacllon ¢osl$ and are subsequently carried at amortised cost using the effÈeliv8
interest method unlgss the airangement conslilute5 a flnancing tran5aclion. wh8re the tran5aolion is
measured at the present value of the future receipts dls¢ounted at a market rate of interest. Finandal gssels
classlfied as r8cBivable wllhln on8 year are not amortlsed.
basic IAnancial Ilabilities
Basic financial liabi1ltSes, Including credltors and bank loans s￿ Inlllally r8cognised al tran$acllon price unless
the aiiangemenl conslrtul&s a financing transaclion, where the debt instrument Ss m8asured at the present
value of the fulure payments di5¢0unled at 8 m8iket rate of Sntsrest. FinanGial liab111tles classified as payable
within one year are not amortlsed.
Debt Instruments a￿ subsequently cairted at amortl88d COEt, uslng the eff&ctwe Interest rate method.
Trad8 creditors are obligations to pay lor goods or Services that have been acqulred In the ordinary course of
operations from supplieis. Arnounts paygbl8 are classified a8 current liabi151Ses 11 payment is due wlthln one
year or less. 11 not, they are presenl8d as non-currenl liabiliti8s. Trade ¢￿dItorS are recogni5ed Inltlally at
Ifansacllon pric8 and subsequently rnaasuied al amortlsed cost Using the eff8clive inteie51 method.
D@recognition of fln&nciallialJilities
Flnan¢ial liabilit185 are de￿¢OgnIS@d when the Foundation's contractual obligallons explre or are discharged
or cancelled.
1.9 Employee beneflts
The cost of any unused holiday entitlement Is recognised In the p8riod in whlGh the employ88'5 setvlces are
received.
1.10 RetlrÈm8nt beneflts
Paytnenls lo d8fined conlribuilon r8tirement beneflt s¢hem8S are charged as an 8xpense as they fall dv&.
Invastment Income
2024
2023
Income from managed funds
Raalised profillllossl on sale of Investments
104,855
178.0101
88,149
171,4761
26,645
14,673

THE PETER JOST CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Charltable artlvltles
2024
2023
Grant funding of aclivit18s Isee note 41
Support COSts (see note 51
Governance c051s15ee note 51
136,826
66,449
9,514
107.933
88.650
13,181
212,789
1B9.764

THE PETER JOST CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Grants payable
2024
2023
Grants to Inslilulions16 grants)..
The Peter J051 Trav&1 Fund
International Tribology Councll
Unlversity of Cenlial L8ncaster
A￿￿e1[neff5 Reseach UK
St Mungo's
Brunel Univ81Eily of London
Science and Te¢hnology Foundation Trust
Nollingham Unlverslly IPhllip Shipwatys Trlbology Research Projecti
Tribo UK annual conference
NF2 Bio Solullons UK
H8aring Dogs for Deaf Peop18
Ty Hafan Childiens, Hospi¢e
Arthur Rank Hospice Charity
Other oiganisatlons and charities. all below £1.OQK) each
58,049
1,777
1,000
34,204
1,829
23,000
1,200
40,000
9,000
9,000
4,500
2,000
25,000
2,000
1,OOQ
1,000
3,200
2,000
25,000
136,828
107,933
Support and governance ¢osts
8uppDrt Governance
costs
costs
2024Support costs Governance
costs
2023
Staff costs
Rent and rates
In5uranGe
Computer cost5
Office supplies
Tèlephone
Bank charges
Foreign exchange
Slo¢kbrokers fees
Legal and prolesslonal
fees
Accountants, fees
Independent Examlnerfs
fees
Administration ¢osts.
20,413
3,777
1,037
112
20.413
3,777
1,037
112
21,073
3,774
1,364
101
38
1,306
3,70B
21,073
3,774
1,364
101
38
1,306
3,708
1,645
1,768
1,032
36,665
1,645
1.768
1,032
36,685
37,286
37,286
5,138
5,188
8,332
8,332
765
3,611
765
3,611
1,314
3,535
1,314
3,535
66,449
9,514
75,963
68,650
13,181
81,831
Allocated to..
Charitab18 8CtDiilies
66,449
9,514
75,963
68,650
13,181
81,831

THE PETER JOST CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
Trustees
None of the Trustees lor any persons connected wth them) re¢elved any remunerallon or beneflts from the
Foundatlon durlng the yeai. except as disclosed in not8 14.
Employees
Number of employ88S
The average monthly numberof employees durlng the year was..
2024
Number
2023
Number
Administration staff
Employment co$t$
2024
2023
Wages and salar18S
Pension costs
20.000
413
20,660
413
20,413
21,073
Th8re were no employees whose annual iernuneration w2s £80,000 or mor6.
Net galnsll105se81 on Investments
2024
2023
Revaluation of Investments
230,924
1264.0291
Toxallon
Th8 charity is exempl from lax on Income and galns falllng wlthln sectlon 505 of the Taxes Ad 1988 or section
252 of the Tax81ionol Chargeable Galn8 Act 1992 to the Èxtent that these aTr applled to ils charitable objects.

THE PETER JOST CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 5 APRIL 2024
10 Flxed a858t Investments
Llsted
Investments
C08t orvaluatlon
At 6 April 2023
Additions
Valuation ¢hange8
Dlsposals
4,122,420
1,170,408
227,513
11,438,187)
AI 5April 2a24
4.084.f74
Carrylng amount
At 05April 2024
4.084.174
At 05 April 2023
4,122,420
The hlstorlc Cost ol the Investments at 5 Aprll 2024 was £8,962,05412023.' £4,302,638).
11 Debtors
2024
2023
Amounts falllng due wlthln one year.
Other debtors
3,848
1,644
12 Credltors.. amounts lalllng due wlthln one year
2024
2023
Other creditors
19,346
8,852
13 Analys1$ of net assets between fund$
Unre$trf¢ted Unrestrlcted
fund$
funds
2024
2023
Fund balances at 5Aprll 2024 8r8 represented ty..
Investments
Cuirent assetsloiabllilesl
4.084,174 4.122.420
127,859
44.833
4,212.033
4,167.253
14 R8lat8d party transactlon8
Mr R E Worby, a Trustee of the Foundallon, was 8 Dlre¢tDr of Moore Northern Home CDuntles Llmlled.
Durlng the year the Charily bÈcame Ilable lo pay sums lo Moore Northern Home Counties Limited relating to
r8nt of £3,660 12023.. £3,660). adminlslration of £3.276 12023.. £3,120) and accountancy servic@s of £5,138
12023.. £5,452).

THE PETER JOST CHARITABLE FOUNDATION
INCOME AND EXPENDITURE ACCOUNT (FOR MANAGEMENT PURPOSES ONLY)
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
INCOM
Investment Income
Income from managed funds
104,655
86,149
Other recogrhlsed gain5 and losses
Reali88d and unrealised gainsll1055e51 on investment a8sets
152,914
1335,5051
257,569
1249,3561
EXPENDITURE
Grants payable In furtherance of the Foundatlon'$ objects
Grants and donallon5 pald during Ihg year
138,826
107.933
Support and gov8Tnance costs
Staff costs
Rent and rates
In5uiance
CompLJl6r Costs
Office suppli88
Telephone
Bank charges
Foreign exchange
Slockbrok8rs feas
Arcounlant$' fees
Independent Examlner's fees
Adminislralion costs
20,413
3.777
1.037
112
21,073
3,774
1,384
101
38
1.308
3.708
1,645
1,768
1,032
36,665
5,138
765
3,611
37.286
8.332
1,314
3,535
75,963
81.831
212.789
189,764
Total incorne for the year
Total expenditure forthe year
257,569
1212,7891
1249,3581
1189,7641
Net inc01￿ell¢xpendI¢UrÈj for the year
44,780
1439,1201