Charity registration number 326665 RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M D Jacobson Mrs A B Jacobsty) Charlty number 326665 Prlnclpal address cjo M D Jacobson 29 The Grainger Surte Regent Centre, Gosforth Newcastle upon Tyne Tyne and Wear NE3 3PF Audltor R()$on Laidler AL%ouniants Limited FLYnwood House Fernwood Road Jesmond Newcaslle UP Tyne Tyne and var England NE2 1TJ Bankers Uoyds Bank plc 102 Grey Street Newcastle upon Tyne Tyne and Wear NE99 1SL Sollcltors ntAe Bond Dic*inwi (UK) LLP The Spth Draymans VY Newcaslle Helix Newca511e twn Tyne NE4 50E Investment advlsors Rathbone Investment Management Earl Grey House 75-85 Grey Street Newcastle upon Tyne NE16EF
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO CONTENTS Page Trustees. repcrt Independent auditorfs rep[1 Statemenl of finala1 activrties Balance Sheet Notes to the financial statements 8-13
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trustees present they annual rewrt financial statements for the year ended S Aprd 2024. The financial statements have been prepared in acCdanCe lwlh the accounting poficies sei out in note 1 to Ihe financial statements and compty with the charity's trust deed, the Chantses Acl 2011 and "Accounbng and Reporting by Charities.. Statement of Recommended Practice apICable to charities preparing their accounts in accordance with the Financial Repth'ng Stsndd appli¢at4e in Ihe UK and Repubh"c of Ireland {FRS 102} leffedive 1 January 2019)". Objectlves and actlvftles The charity's objectives are to assist in the relief of poverty and cknesS and provide for education and advancement of knowledge for all ages together with the provision of m[leS for the advancement of medical research by making grants to appropriate insts"tuts"ons. Benefirjanes are mainty based in the United Kingdom. There has been no change in these during the year. The trustees have paid due regard to guidar¢e issued by the Chanty Ctynmlson in deading what activities Ihe charity should undertake. The chanty makes regular d8"0n$ io causes vthich rt has helped over a number of years and invrtes applicants from bodies wilh similar minded obj'ectives. The trustees. have had regard lo The Chanty Commission's guidance on public benefit. Achlevements and perfomiance The charity has continued to meet its aims and objectives dwing the per under Teview vthich were to provide help by way of grants to organisations set up for obieth-ves similar to the charity. In the future the charily will ontinue ils policy of making grants frLyn the income generated from its investment portfolio. The trustees lake regular professional advice in respect of the management of it5 investment prfolio. FlnanciJl revlew The trust is reliant on the income frcxn its investments vthich have totalled £67.165 for the wiod Lmder review (2023 £64,427). Overall Ihe trustees decided lo distribute a similar level to last year viith £60,500 being spent on charitable athvits'es (2023 £70,800). Details ot the recipients of the grants are listed in note 5 to the accounts. The trustees aim to maintain free reseNes in unrestricted funds at a level that equates to the Pfesent balance and to make chariiable grants SLwF4us residual income. The returns generaled from Ihe chanvs investrnent portfolio have increased when compwed to Ihe previous year. There is a surplus of income over expenditure of £40,(8 for the year (2023 defiat £55,898) which includes a realise4J loss of £86712023 loss £13.592) on the sale of investments and an unrealised gain of £41,95512023 loss £28.490} on the change in the fair (market) value of the inveslmenls. The charily Irustees have considered the major risks lo lch Ihe charity is exposed and have reviewed those risks and established Systems and procedures to manage those risks. The charity intends to carry on financing the charttable institUtS that it finances at present, in particular medical organisats'ons in the North East and local charitses Jewish inth'biduals and elderly peTson5.
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Structure, governance and management The charity is known as the "Ruth and Lionel Jacobson Charitable Trust (Second Fund) No 2" and is restered with The Charity Commission Nmber 326665. The trust is an unincorporated trust constituted by a trust deed dated 20 Juty 1984. The trust does not actively fvnd raise and seeks to continue its charrtable work desired by the donor through the careful stewardstsp of existing resources. The chanty is not dependent upon vcdunteer workers. The trustees who seryed during the year and up to the date of stgnature of the financial statements were.. Mr M D Jacobson Mrs A 8 Jacobson Statement of Irustees, responslbllltles The trustees are responsible fc preparing the Trustees, Rep(Kt 8nd the final statements in accordance with applicable law and Unrted Kingd(n Accounlir#J StarKlards (Ur#ted Kingdom Generalty Accemed Accounts'ng Practice). The law applicable to charities in England and Wales require5 the trustees to prepare financial ststements for each financial year which give a Inje and fair view of the stale of affairs of the chanty and of the incoming resources and applicats.on of resources of Ihe chanty for that year. In preparing these fmancial statements. trustees are required to.. - select suitable accounting pdicies and Ihen apply ihem ¢onsistendy: - observe the melhods and principles in Ihe Charities SORP: - m8ke judgements and 88b"mates that are reasonable and prudent; state whether appfvcable accounting standards have been fthwed, suty'ect to any material departures disdosed and explained in the financial statements,. WKJ prepare the financial statements the going concem basis wless it is inappropriate to presume that the charity will continue in operatiorL The trustees are responstble for keeping sufficient accounting records that disdose with reasonable accuracy al any tirne the financial positn of the charty and enable them to ensure Ihal the financial ststemenls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguardtng the assets of the charity and hence for taking rea8{able steps for the prevention and deleclim of tra1 and ottr irregularitie& Disclosure of infomiation to auditor Each of the trustees has confirmed that there is Th> infomiats'on of ffttch they are aware which is relevant to the audrt. bul of which the auditor 15 unaware. They have further confimed Ihal they have laken appropriate sleps to identify such relevant infomiation and to estsblish that the audttof is aware of SL informali(m. The trustees, report was approved by the Board of Tru51ees. Mr Trustee Dated". Jacobson
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RUTH & LIONEL JACOBSON CHARITABLE TRUST {SECOND FUND) NO 2 Oplnlon We have audited the financial statemenls of Ruth & Lionel Jacobson Charitable Trust (Second Fund) No 2 (the 'chanty'} for the year ended 5 April 2024 which comwise the 5tatemenl of financial acts'vtties, the balance sheet and notes to the financial statements. including significant accounting policies. The financial reports.ng framework that has been applied in their preparation is appk'cable law and United Kingdom Accounting Slandards. including Finanrjal Reporting Standar(i 102 Tlje Final181 Roportiijg StalKJ8 8pplicable in t1 UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the finarKial siatements: give a tnje and fair view of the state of the charity's affairs as at 5 April 2024 and of ils irMing resources and application of resour5, fof the year then ended., have been properly prepared in accoidance with United K9d(n Gefwally Accepted Accounting Praciice., and have been prepared in accordance wth the requirements of the Charities Ad 2011. 8asls for oplnlon We conducted our alklil in accordance vlith Internalional Slandd$ on Auditing (UK) (ISAS IUK)) and applicable law. Our responsibilities under th)se standards are further described in the Audilorfs responsibililies for the audrf of th8 finanGial stalernents section of our rewrt. l¥Ve are independent of the charity in accordance with the elhic81 requirements that are relevant to our audit of the financial slatements in the UK. induding the FRC'S Ethical standard, and we have fulfilled our other ethical responsikn"litEs in accordance wth these requirements. We believe that the audit evidence we have obtained is sufficient and approwiate to provide a basis for (Mjr OniOn. Concluslons relatlng lo golng concem In auditing the financial staternents. we have concluded that the ITustees' use of Ihe gomg concem basis 01 accounting in Ihe preparation of finanaal statements is appropriate. Based on the work we have performed: we have not idenbffied any material uncertaintie5 rdating to events OT conditions that: individually or collectively, may cast gniCanI dOLt on the chanty's ability to continue as 8 going concem for a period of al le8sI twelve months fr(n ¥then the finarKi81 statements a authorised for issue. Our re8pon8ibilities and the respS1.111ieS of the tNstees Imth resped to going concern are described in the relevant sections of this report. Other information The other information ctynwses the 1nfomiali duded in ihe annual report Ixher than Ihe financial statemenls and our auditorfs report Ihereon. The tTU5tee5 are responsible for the other Infonnation contsined rythIn the annual eport. Our opinion on the financial statements does not cover the other infomiation and we do not eXp$S any form of assurance conclusion theieon, Our responsibility is to read the other infomation and. in doing so. consider whether the other information is matenally inconsistenl with the financial statement5 or our knovAedge obtained in the course of the audit, or otherwse appears to be materially misstated. If we identify such material inconsistencies or apparent matenal misstslements, we are required to determine whether this gives rise to a material misslalement in the finanu81 slatements Ihemselves. If, based on Ihe work we have perfomied, we condude that there is malerial misstatement of this other Information, we are required to report that fact. Vve have nothing to report m this regard.
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RUTH & LIONEL JAC08SON CHARITABLE TRUST (SECOND FUND) NO 2 Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect ol the follovryng matters in relation to vthich the Chariiies (Accounts and Reports) Regulations 2008 require us to replyi to you if, In our opinion.. the information given in the financial statement8 is inconwsterrt in any materbal respeci with the tTUStees' reporl: or Sufficient accounting records have not been kept., Of the financial statements are not in agreernent wth the accounting record5,' or we have not received all the information and explanab'ons we require for our audiL Rosponslbilllles of irustees As explained more fully in the slatemenl of truslees. responsiblities. the trustees are responsible for the preparation of the finanaal statements and for bein9 satisfied that they give a true and fair view. and lor such internal control as the trustees determine is necessary to enable the preparation of financial statements that are Iree from malerial misstatement. whether due to fraud CY error. In preparing the finanual slatemenls, Ihe trustees are responsible for assessing the charity's ability to continue as 8 going concem, disclosing, as applicable. matters felated to going concem and using Ihe going concern baS of accounting unless the trustees either intend to cease operatsons, or have no re81istic ahemalpie but to do so. Auditorfs responsibilities for the audit of the financial statements 14Ve have been appointed as auditor under section 145 of Ihe Chanlies Act 2011 8nd rewt in accordance ryIh the Act and relevanl regulations made or hawng effect thunder. Our objectives are lo obtain reasonable a&surance abtxjt whether the finanoal ststements as a vthole are free from material misstaiement, whether due lo fraud or error. and to Issue an auditorfs report thal includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audrt conducted in accordance with ISAS (UK) wll ahvays detect a material misstatement when it exists. Misststements can arise from fraud or effor and ere considered material rf, individualty or in the 8ggregate, they eId re8son8bly be expected to influence the economic deOnS ol users taken on the bas of these finawal 8tatement8. IrregularFts'es, induding frd. we instances of norCompli8nce Vth laws arKI regulalions. We design procedure8 in line with our reSpons.lItIeS, outlined above, to detect matenal misstatements in respect of irregularities: including fraud. The extenl to wk¥'ch our procedures are capable of detecling irregularities. Uth.ng fraud, is detailed below. Based on our Understding of the charity, we identified that there were pnncipal risks of noTrcompliance wlh laws and regulation5 central to the charity's operation5 as it doe5 have to Teport lo The Charity Commission. We also considered those lav and regulations ihal have 8 direct impact ¢)n Ihe finanu4 atemerts of the ¢harty such as the Chants'es Act 2011 and UK legislation. Audit procedures perfomied ty the engagement team indLKled'. Discussion5 with the tTUStees including consideration of or suspected instances of norpcompliance with law5 and regulations and fraud- Evaluation and testing of Ihe oper'ng effectiveness of managemenfs controls designed to prevent and detect irregularilies- Reviewing relevant ITUStee meetwig minuies: Testing transacb'ons entered into outsjde of the tharivs nomial ccSe of IsnesS. There are inherent limitalions in the audit procedures described above and, the fLwiher removed n0ComplIance wth laws and reguli'on8 is fr(xn evenl$ and transactions refieGted in Ihe financial statements, the less likely v would become aware of it. Also the risk of not detecting a material misstatement due to fraud is higher than the risk of not delecting cme resulting from error, as fraLKI may involve deliberate c(Mwlment Of collusK.
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO 2 A further description of our responsibilitses is available on the Financial Reporting Council's website at: https.'Il V4fiMV.fr¢.org.uklaudrtorsfesponsibilit*s. This descripiion fonns parf of our audit(S report. Other matters Your attention is drawn to the fact thal the charity has prepared financial statements in acciydance with "Accounts'ng and Reports"ng by Charities.. Slatemenl of Recommended Practice apFlicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Rewblic of Ireland IFRS 102)" {as amended) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practs"ce issued on 1 April 2005 which is referred to in the extant regulations kxrt has now been withdrawn. This has been done in order for the financial sialements to provide a true and fw view in acwdance with en1 Generally Accepted Accounting Prnctice. Use of our raport This report is made solely to the charity's tnjstees, as a body. in accordance with part 4 of the Charilies (Accounts and Reports) Regulations 2008. Ouf audit work has been undertaken so that we might stale to the chanty's Iruslees those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charity and the tharity's trustees as a body, for our audit work, fot this report. or for the ownions we have fomied. Robson Laldler A¢¢ountants Llmited statutory Auditor 3J•4 aols Femwocyj House FemwO¢1 Road Jesmond Newcaslle upon Tyne Tyne and Weal Enland NE2 1TJ Robson Laidler Accountants Limited Is eligible for appointment as auds'tor of the charity by virtue of its eligitNlity lor apFM)intrnent as auditOT of a company under section 1212 of the Companies 2006.
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted Un$1nCfed nds funds 2024 2023 Notes Incom from= Investments 67.165 64,427 Ex en ure Raising funds 5,524 5,385 Ch8ritable activities 62,661 72.858 Total resources expended 6B,185 78,243 Net gainsl(losses) on investments 10 41,088 (42,082) Net Incomel(expendllurel for the yearl Net movement In funds 40,068 (55,898) Fund balances at 6 Njnl 2023 1.616.491 1,672.389 Fund balances al 6 Aprll 2024 1,856,559 1,616.491 The stalement of finanu'al activrties irKludes al gains and lopAes recogr*sed in the year. All income and expendrture derive from continuing aclivities.
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Notes Flxed assets Investments 11 1,527.084 1,490,064 Current assets Debtors Cash at bank arKI in hand 13 126 131,867 111 130,662 131,993 130.773 Credltors: amounts falllng due wlthln one year 14 (2,518) {4.3461 Net current assets 129,475 126.427 Total assets less Cufrent Ilabllltles 1.656.559 1.816.491 The funds of the charlty unresin.cted funds 1S 1.656.559 1,616.491 1,656.559 1,616,491 The financial statements were approved by Ihe Irustees on ...................... D Jacobson Trustee
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EhlDED 5 APRIL 2024 Accounllng pollcle8 Charity Infomiation Ruth & Lionel Jacobson chitable Trust {SecA)nd Fund) No 2 is an unincorpated twst, constituted by a trusl deed daled 20 July 1984. 1.1 Accountlng conventlon The financtal statements have been wepared in accordance with the charity's twst deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to arrties prepafing their accounts in accordance with the Finanoal Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 Jarw 2019)". The charity is a pU1C Berbefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in SORP for chaniies applying FRS 102 Update Bulletin 1 not to prepare a Statemeirt of Cash Flows. The financlal st8temeF)Is have departed from Charits"es [AccntS and Rewrtsl Regulation5 2008 only to the exient required to provide a tnje and faif view. This departure has involved IDllowing ihe Ststement of Recommended Practice for charities applying FRS 102 rather than the vergon of the Slatement of Recommended Practice which is referred lo m the Regulats"ons but W"¢h has since been withdrawn. The financial statements ale prepared in UK sterling lch is the functional CLKrency of the charily. Monetary emounts in these finawal slatements are foufKled to Ihe newest £1. The financial statements have been wepared w*der the historical cost convention, modified lo indude the revalualion of certain financial instruments al fair value. The prinopal accounting policies adopted are set out below. 1.2 Golng concern At the lime of approving the financial Statements. the trustees have a reasrable expectation that the charity has adequale resources to continue in operational existence for the foreseeable future. Thus the trustees contsnue to adopt the g(ing basis of accoUntW in prepwiTr3 the financial statements. 1.3 Charitable fund5 Unrèstricted funds are available for use at the disuelion of Ihe Irustee¥ in fLthrance of their tharitable objeci¢ve8. Restricted fund5 are suLy'ect to speafic condilions by donors or grantors as to how they m8y be used. The purposes and uses of the reslncted funds are sel OLrt in Ihe r)otes lo Ihe finanual statemenls. 1.4 Income Income is recognised when the charity is legally entitled to it after any perflyrnan conditions have been met, the amounis Can be measuied reliably. and rt is wobable that income will be received. Investment income Is eamed through holding assets for investment purposes. It includes interest on cash deposlts.
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies (Continued) 1.5 Expendlture Liabilities are recognised as expenditu as soon as there is 8 legal or ¢onstru¢tive obligation committing the charity to that expenditure, it is Fxobable that a transfer of economic beneffts wll be required in settlement and the amount of the obligation can be measured reliably. Expendrture is accounted for on accruals basis and has ben classrfied under headings that aggregate all Cosl related to the category Where costs cannot be directly attributed lo particular headings they have been allocated lo aclivities on a basis nsIstent wilh the use of resources. Irrecoverable VAT is charged as an expense against the t1Vty f( which eXpKI1tUre arose. Grants offered Sllbject to condrtions vthich have not been met at the year end date are rK)ted as a commilment but not accrued as expenditure. 1.6 Flxed asset Investments Investments in equities are Show at fa'r (mthet) value. The inveslmenls a valued by an investment manager, having due regard to latest dealings. professional valuation, asset values and other appropnale financial infomation. 1.7 Cash and cash equlvalents Cash at bank includes cash arKI short temi dewgts a matunty dale of three months or less. 1.8 Taxation The charity is an exempt tharity wthin the meaning of schedule 3 of the Charities Aci 2011 and 1$ considered to pass the tests set out in Para9raph 1 SthedLAe 6 Financ Ad 2010. 1.9 Debtors and credltorn recelvable. payable wlthln one year Debtors and uedrtors wilh no stated interest rale and receivable or payable %ithin one year are recorded at Iransaction price. Any losses an*'ThJ from impwrmenl are recognised in expendrture. 1.10 Impairnient of assets Assets not measured at fair ¥ae are reviewed for any indication that the asset may be impaired at each balance sheet date. If such irNJ1cati exists. the recoverable amount of the asset, or the asset's cash generating unit, is estimated and ccmnpared to the carying arntnt. Wthere Ihe Carying 8mounl exceeds its recoverable amount, an impaifment Ioss is fecognised in profit or loss unless the asset is carned at a revalued amounl where the irnpainnent1055 is a revaluation decrease.
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Invoslments Unrestrlcted Unrestricted funds funds general general 2024 2023 Dividends on UK equrtie5 and urwt trusts Overseas payments received Interest on UK unit trusts Interest on UK fixed interest securiti'es 55,404 4,557 1,353 5,851 54.217 4.887 1.007 4.316 67.165 64.427 Expendlture on ralslng funds Unreslricted Unreslrlcted funds funds 2024 2023 Portfolio management 5.524 5,385 Expenditure on charitable activities Total 2024 Total 2023 Dlrect costs Grant funding of actsvrties {5ee note 5) 60,5tKJ 70,800 Share of support and governance costs (see note 6) Support Governance 30 2,131 30 2.028 62,661 72,858 Analysls by fund Unrestricted ftmds 62,661 72,858 10-
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Grants payabl• Tolal 2024 Total 2023 Grants to institutions.. WIZO UK Durham Universty Scholarship The Pace Centre Newcastle Universty Osteoarthritis Evening Chrontcle Sunshine Fund UJIA Scottish Jewsh Hentage Centre Gateshead Jewish Primary School Great Ormond Street Hosptsi KEF Klds Down SYrrame Training ar¥J SuppKffi Resources for Auts"sm T and S Trust Fund 5,000 20,000 5.000 25.000 3,000 15,000 2,000 5,000 25.000 3,000 15.000 3.000 2.000 1.000 300 1,500 500 60.500 70.800 Support costs allocated to actlvttles Total 2024 Totsl 2023 Support cosls Governance 30 2,131 30 2,028 2024 2023 Govemance costs comprlse: Audrt fees 2.131 2,028 2,131 2,028 Net movement In funds 2024 2023 The net movement in funds is ststed after chargiW(crediting)'. Fees payable the audit crf the charrtys fmanclal statements 2,131 2.028 11
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 5 APRIL 2024 Trustees None of the trustees (or any persons connected with Ihem) received any remuneration or benefits from the charity dunng the year. There were no trustees. expenses paid for the year endeil 5 2024 nor the year ended S April 2023. Employees The average monthty number of employees dIng the year wa5.. 2024 Number 2023 Number Total There were no emOyeeS ¥*those annual reMeratI( was more than £60,000. 10 Galns and losses on investments Unrestricled Unrestricted funds funds 2024 2023 Gainsl(losses) arising ". Revaluation of inve5trnents 41,088 (42,082) 11 Flxed asset Investments Listed investments Cost or valuallon At 6 April 2023 Additsons Valfjats'on changes Disposals 1.490,064 101,638 41,088 (105.706) At 5 April 2024 1,527,084 Carrying amount At 05 April 2024 1,527.084 At 05 April 2023 1,490.064 Of the investment assets held £128.934 <2023 £122,1 $4) are held as overseas securities. All other investment assets are UK securrties. 12-
RUTH & LIONEL JACOBSON CHARITABLE TRUST (SECOND FUND) NO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 12 Financial instruments 2024 2023 Carrylng amount of flnanclal assets Instruments measured at fair value through yofrt loss 1.527,084 1.490,064 13 Debtors 2024 2023 Amounts falling due wtthin one year: Prepayments and accrued income 126 111 14 Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals and deferred income 388 2.130 388 3,958 2,518 4.346 15 Unrestrlcted funds The unrestricted funds of the charity comprise the unexperthl balances of donations and grants %*thich are nol subject to specifie tonditions by donors 8nd grantors 8$ to how they may be used. These include designated funds whith have been set aside oul of unres1[e fLKKJs by the trustees for speafic purposes. At 6 Aprfl 2023 Incomlng resource5 Resources expended Galns and losses At S Aprll 2024 General furlS 1,616,491 67,165 {68,185) 41,088 1,656,559 Provlous y¢ar: At G Aprll 2022 Incomlng resources Rosour¢¢s expended Galns and losses At S Aprll 2023 General fund5 1,672.369 64,427 (78.243) (42.082) 1,616.491 16 Related party transacllons There were no disclosable related party transactions duriNJ the year (2023 - none), 13-