THE JONES 1986 CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
TRUSTEES:
J D Pears
R W Stanley
D N Llndley

THE JONES 1986 CHARITABLE TRUST
INDEX TO THE FINANCIAL sTATEME￿rs
FOR THE YEAR ENDED 5 APRIL 2024
CONTENTS
Page
Trustsès, Annual Report
1to4
Audliors, ReFM)rt
5t07
ststement of Flnandal Acfvfties
Balance Sheet
Ststsment of Cash Flows
10
Not88
11 to19

THE JONES 1986 CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 5 APRIL 2024
LEGAL AND ADMINISTRATIVE INFORMATION
(a) The name of the Trust is The Jones 1986 Charitsbl8 Trusr.
(b) The Trusteés who acted during th6 y6ar were:
J D Péars
R W Stanley
D N Lindley
The Trustees jointly hold title to properties owned by the Charitable Trust
(c) The Trustees were assisted In administering the Trust by UHY Hacker Young LLP, 14 Park Row,
Nottingham, NG16GR.
(dl Banker8
National Westminister Bank PIC
Noth'ngham, Smrths Bank Branch
16 South Parade
Nottingham
NG12JX
Investment Advlser¥
Rathbones Investment Management Umited
8 Flnsbury arcus
London
EC2M 7AZ
Charles Stsnley & Co. Llmlted
Ropermaker Pla
25 Ropemaker Street
London
EC2Y 9LY
Dafferns LLP
Reg15tered Audltors
Chartered Accountants
One Eastwood, Harry Weston Road
Blnley Business Park
Coventry
CV3 2UB
Solldtors
Keystone Law
48 Chantrry Lane
London
WC2A IJF
Nelsons
Pennlne House
8 Stanford Street
Nottingham
NGI 78Q
Charitable No.
327176
Page 1

THE JONES 1986 CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2024
REPORT OF
ENDED
APRIL 2
24
The Trustees p￿sent thelr annual report along with the financial statements of the Charity for the year ended
5 Aprll 2024.
The flnancial statements have been prepared In accordan￿ with the accounting policies set out In Note l and
compty with the Trust Deed, the Charities Act 2011 and Finanaal Reporting Standard 102 The Finanaal
Reporting Stsndard appllcable In the UK and Republlc of Ireland, FRS102 and the charltles SORP 2019 (SORP
2019).
STR
CTURE GOVERNANCE AND MANAGEMENT
The Trust Is an unlncorporated Trust, constituted under a Trust Deed dated 10 April 1986 and is a registered
charity, number 327176. The Trust was established by Mr P L Jones. Over the years the Jones family has
made substantlal glfts to the Charlty. The Trust does not actively fvndraise and seeks to contlnue the
philanthropic work desired by the famlly through careful steward5hlp of Its resources.
The power of appointing an additional Trustee or new Trustee or Trustees Is vested in the existing Trustees.
The Trustees have the power to vary the Settlement by means of supplementsl deeds.
Upon appointment of any Trustee a full bespoke Inductlon pr￿esS Is planned In order to ensu￿ complete
famlllarlty and understanding of the Trust's objectlves and operation and the roles and responsibilities of the
Trustees.
The Trustees meet quarterly to agree the overall charity strategy which includes the consideration of grants.
During the year the pr¢xesslng and handllng of appllcatlons prlor to conslderatlon by the Trustees was delegated
to UHY Hacker Young LLP, 14 Park Row, Nottingham, NG16GR.
All Trustees give of their time freely and no Trustee rernuneratlon was pald In the year. Details of Trustees,
expenses and related party transactions are disclosed In Notes 16 and 17 of the accounts.
ISK MANAGEMENT
The Trustees have con51dered the major risk5 to which the Charty Is exposed and have revlewed those rlsks
and have estsbllshed prO￿dureS to manage those rlsks. The Trustees conslder the variability of the investment
returns on the expendable endowment to constitute the Charlty's major rlsk, The Trustees monitor this risk
wlth its investment advisers.
OBJECTIVES AND ACTIVITIES
The Charity has very wide charitable objects and purFoses but It Is the Trustees, intention to make grants
prlmarlly to organisatlons in Nottlnghamshire. Although the Trustees have absolute discretion as regards thelr
grant maklng policyi they restrict grant5 to other charitable organi53tions and do not make grants to indfvlduals.
The Trustees confimi that they have referred to the guidance contained in the Charty Commission's general
guidance on public benefrt when reviewing the Trust's aims and objectives and In planning future activitle5 and
settlng the grant maklng policy for the year.
Applications for grants are consldered for both capital andlor revenue projects as long as each projett appears
viable. The Trust pays ￿rtain grants quarterly to a￿st the reclplents, cash flow needs. Although there are
no fomTrl agreements, the Trust prefers to develop a relationship with the organisations over an extended
peri￿￿ of tlme.
Page 2

THE JONES 1986 CHARrrABLE TRUST
TRUSTEES, ANNUAL REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2024
ACHIEVEMENTS
In the year ended 5 Aprll 2024 the Trustees committed grants totalllng £1,113,600 to 69 organlsatlons (2023:
£1,116,110 to 74). An analysis of grant5 is set out in Note 4 to the financial *atements.
FINANCIAL REVIEW
The Trust r￿1Ved £1,483,212 (2023: £1,392,291) from its investments including £432,109 (2023.. £457,902)
from its propty wrtfolio.
The fee of the investment advisers is 0.39% of thelr managed funds and the governan￿ costs are 0.19 % of
the total assets. The Trustees consider both to be acceptable.
INVESTMENT POLICY AND PERFORMANCE
It is the policy of the Trustees to retsin capital in the endowment fund In order to generate the income from
whlch the grants are made. The Trustees have ￿taIned the Serv1￿ of Rathbones Investment Management
Llmited and Charles Stanley & Co. Umlted throughout the year.
The dlsuetionary Fortfollo managed by Flathbones Investment Management Limited Is managed on a balan
return bas15 whereas the dlscretlonary portfollo managed by Charles Stsnley & Co. Limlted Is managed on a
total return bas15.
The Trustees constantly monitor the Investsnent advisers, performan￿5 agalnst other benchmarks and are
sat15fied that the rates of return are acceptsble. The Trustees have retslned £2,403,016 In cash deposlts where
the holding is not Subject to the volatility of other markets.
RESERVES POLICY
The Trustees aim lo maintain free reserves in unrestrlcted funds al 8 prudent level of at least £1,000,000 to enable
tham to financ& future applications and the costs of governance for Ihe next twelve months.
Th8 actual level of free res8rv9S at 5 Aprll 2024 was £1.385,637 whlch Is In accordanc6 wlth the Trust88s' policy.
Th8 lev81 of endowmént fijnds a8 at 5 Aprfl 2024 was £50,011.415 (2023: £46,711,166). The majority of th8
Increase durlng the year was due lo th8 gains on Investmént value of £2,769.40012023 losses: £3,861,655}.
FUTURE STRATEGY
It is the intention of the Trustees to continue making charttable grants for as long as funds are available.
FUNDRAISING STANDARDS
The Tnjst does not contract with any thlrd-paty to undertake anyfvndralsing on Its behalf and hence has received
no fvndraislng complaints in the year.
Page 3

THE JONES 1986 CHAR￿ABLE TRUST
TRUSTEES, ANNUAL REPORT {CONTINUED)
FOR ThE YEAR ENDED 5 APRIL 2024
RESPONSIBILITIES
TRUSTEES
The Trustees are responsible for preparing the Truslees. Annual Report and the financial slatements in
accordance with appllcable law and United llngdom Ac£ount(ng Standards (United Kingdom Generally Accepted
Accounting PracJcel.
The law applicablè to charilles in England & Wales requires the Trustees to prepare financial statements for each
financlal year which givg a true and fair vlew of the state of affairs of the charity and of the incoming resources and
application of resources of tho charlty for that pgriod.
In preparlng these financlal statéments. the Twstees are requlr8d to:
select sultab18 accountlng pollcles and then apply thém consistently.,
observe th8 m8thods and prlnclples In the Charitl8s SORP 2019 IFRS 102),,
mak8 ludgemenls and estlmates that ar8 rèasonable and prudent,,
state wh8ther applicable accountlng standards have been followed, sublect to any material departures
dlsclosed and explained In the financial slatemgnls.,
prepare the financial stalernents on the golng concem basls unless111s Inappropriate lo presume that th8
charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose w￿h re8sonable accuracy at
any time the ffnanclal position of the charity and enable them to ensure that the financial statements comply with
the Charities Act 2011, the Gharitles (Accounts and Reports) Regulallons 2008 and the provisions of the trust
deed. They are also responsible for safeguarding the assets of the charity and hence for taklng r8asonabl& steps
for the wevendon and detection of fra￿d and other irregularflie$.
J D Pears
Trustee
R W Stanlèy
Trustee
D N Llndloy
Trustee
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE JONES 1986 CHAR￿ABLE TRUST
OPINION ON FINANCIAL STATEMENTS
We have audited the financial statements of The Jones 1986 Charitable Trust for the year ended 5 April 2024
which comprise the Statement of Financlal Activities, the Balanc8 Sheet. the Statement of Cashflows and notes
to the flnancial statements, induding a summary of significant accounting policies. Thg financial reporting
framework that has been applied in th8ir preparation is applicable law and United Kingdom Accounting Standards
including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic
of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinlon the Ilnancial ststements:
glve a true and fair view of the state of the charity's affalrs as at 5 Aprll 2024, and of its incoming resources
and application of resources, for the year then ended.,
have been propedy prepared in accordance wllh Unlled lQngdom Generalty Acc8Pted Accountlng Practlce;
have beén pr8par6d in acGordance with the requirements of the Charllles Act 2011.
BASIS FOR OPINION
We conducted our audll In accordance wlth Inlernatlonal Standards on Audillng {UK) (ISAS {UKII and applicable
law. Our responsibilities under those standards are further desttribed in the Auditor's responsibilities for the audlt
of the financial statements sectlon of i)ur report. We arg independent of the charity In accordance with the ethical
requlrements that are r818v8nl to our avdit of the financlal slat8ments In the UK. Includlng the FRC's Ethical
Standard, and we hav8 fulfllled our other ethlcal responslbllities in accordance Wlth these requirements. We
believe that the audll evidence we have obtained is sufficlent and appropriate lo provide a basls for our opinlon.
CONCLUSIONS RELATING TO GOING CONCERN
In audltlng the flnanclal statements, we have concluded that the Trustees'8 use of the golng concern basls of
accounting in the preparation of the financial stalements is approprlate.
Bas8d on th8 work we have performed. we have not Identlfled any matérial uncertainties relallng to events or
condillons that, individually or collectively, may cast signlficant doubt on the char6ty'$ ability to contlnue as a
golng concern for a p8riod of at least ￿e1ve months from when th8 financial stat8mgnts are aulhorlsed for Issue.
Our responsibllities and the responsibilities of the Trustees wlth respect to golng concem are described in the
relevant sections of thls report.
OTHER INFORMATION
The other informatlon comprises th8 informatlon Included In the Trustees, annual reporL olh8r than the flnancial
Statements and our auditor's report th8reon. The Tnjstees are responsible for the other informallon contalned
within thg annual report. Our opinlon on Ihe financial statements does not cover the olher information and,
except to the extent otherwlse explicitly stated In our report, we do not express any form of assurance concluslon
th8reon.
Our responsibility is to read the other information and, In dolng so, conslder whether the other informatlon is
materially inconsistent wlth the financial statements or our knowledge obtained in the course of tho audit or
otherwise appears to be materially misstated. If we identify such matertal incon￿stenC1eS or apparent material
misstatements. we are required to determine whether this glves rise to a material misstatement in the
financial statements themselves. If. based on the work we have performed, we condude that ther8 is a material
misstatement of thls other information, we are required to report that fact.
We have nothing to report In this rggard.
Page 5

REPORT OF THE INDEPENDEKf AUDITORS TO THE TRUSTEES OF
THE JONES 1986 CHARITABLE TRUST
MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
We have nothlng to report in respect of the followng Matters in relatton to which the Charllles {Accounts and
Reports) Regulations 2008 require us to repO￿t lo you rf. in our opinion:
the information glven in the financial statsments is Inconsistent In any material respect with the ffnanclal
statements., or
suffici8nt accounting records have not been kept. or
the finanaal statements are not In agreement with the 8ccounting records and returns,. or
we have not r8c8ived all the Information and 8xplanalians we requlre for our audit.
RESPONSIBILITIES OF TRUSTEE8
As explaln8d more fully In th8 Trus188s' Responsibilities Statement, set out on pag8 4, the Trust88s are responslble
for the preparation of financial slal8m6nls whlch give a true and fair view, and for such internal control as thé
Trustees determlne Is necessary to enable thé préparation of financial statements thal ar8 fr88 from rrsat8rial
misstatement, whether due to fraud or 8rror.
In preparfng the flnancial statements. the Trustees are responslble for assesslng the charlty's ability to ¢onlinue
es a golng concern, discloslng. as applicable, matters related to going concern and using the going concern basis
of accounting unless the Truslegs 8lth8r Intend lo liquidate the charity or to cease operations, or have no reallslic
8lternatlve but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF ThE FINANCIAL STATEMENTS
We have been appoint8d as auditor under section 144 of the Charlties Act 2011 and report Sn accordance ¥Mth
regulations made under section 154 of that Art.
Our objectives are to obtaln r8asonable assurance about whether the financlal slat8m8nls as a whole ar8 free
from material mlsstatement, whether dug to fraud or error, and to Issue an auditor's report that includes our oplnion.
Reasonable a$suranc8 Is a high level of assurance, but Is not a guarantee that an audlt conducted in ac¢ordan¢e
with ISAS (UK) wlll always d8t8cl a material misstsl8ment when it exlsts, Mlsstalements can arlse from fraud or
error and are consldered material If, indlvldually or in the aggregate, they could roasonably b8 expècted to
Influence the economiG d8clsions of users tsken on the ba8ls of these financial statements.
Irregularities, induding fraud. are instances of non-oompliance wlth laws and regulallons. We design procedures
In Ilne wllh our responsibilities, outlined above, to detect material misstatements in respect of irregularitl8S,
Includlng fraud. The specific procedures for this engagement and the extgnl to which these are capable of
delectlng Irregularities, including fraud is detailed below..
Enqulry of management, those charged w((h governance around acknal and potendal If(igation and clalms,.
Enqulry of Trust8es and Clerk lo identify any Instances of non-compliance with laws and regulatM)ns'
Reviewng minutes of meetings ofthose charged wlth govemance;
Reviewing financial statement disclosures and testlng to SUPF)orkng dcrumentation 10 8sses8 compliance
th applicable laws and regulations.
Perfomiing audit work over the risk of management overr(d8 of controls, including testing ofjournal entrles
and other adjustments for approprlaleness, evaluating the ￿sInesS rationale of S￿nifiCant transacfjons
outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent IlmllatSons of an audit, there Is a risk that we will not detect 811 Irregularitl8s. Including thos8
leading to a malerlal mlsstatement in the financial statements or non-compliance with regulation. This risk
Increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial staternents, as w9 will be less likely to become aware of instances of non-compliance. The risk is
also greater regarding Ir￿gUraritieS occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery, collusion. omission or misrepre8entation.
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
THE JONES 1986 CHARrrABLE TRUST
A further description of our responsibilitles for the audit of the financial statements is located on the Finanaal
Reporting Council's website at= Mvw.frc.org.ukJaudi*orsr8sFx)nsibiltties. Thls de5CriPtion forms part of our audilorfs
reporL
USE OF OUR REPORT
This repcwt Is made so181y to the chaity's Trustees, as a body, in aCC￿danCe with Part 4 of the Charltles (Account5
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's
Trustees those matters we ar8 required to slate to them In an auditor's report and for no other pijrpose. To the
fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the charity and the
charlty's Trustees as a body, for our audlt work, for this repo¢ or for the oplnlons we hav8 formed.
J• LLR
Daff•m8 LLP
statutory Audltors
One EaS￿oOd
Harry Wéston Road
Blnley Business Park
Coventry
CV3 2UB
Dat8.'
Daffems LLP is eligible to acl as an auditor in terms of Section 1212 of the Companles Act 20C6.
Page 7

THE JONES 1986 CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted Expendable
Income
Endowment
2024
2023
Total
Note
INCOME AND ENDOWMENTS FROM:
Investments
1,483,212
1,483,212 1,392,291
TOTAL INCOME AND ENDOWMENTS
1,483,212
1,483,212 1,392,291
EXPENDITURE ON:
Raislng Funds
Investment Management Costs
Property Expenses
84,151
106,811
84,151
188.302
106.811
165.618
76.832
190,962
84,151
275,113 242,450
Charltable Acllvlt1es
Charltable Grants
1.113,600
1,113,600 1,116,110
Cost of Grant Maklng
Grant related support costs
100,580
100,580
112,881
1,214.180
1,214,180 1,228,991
TOTAL EXPENDITURE
1,405,142
84,151 1,489,293 1,471,441
ET INCOME I
EXPENDITURE
EFORE OTHER RECO
Nl
ED
GAINS AND LOSSES
78,070
184,1511 16,0811 179,150)
OTHER RECOGNISED GAINS AND LOSSES
Unrealis9d Gainl IL0551 on Revaluation of Property
Re81ised Gainl (Lossl on Sale of Propety
Realised Gainl {Lossl on Investment Assèts
Unreallsed Galnl (Lossl on Investmént Assèts
615,000 615,000
(176,3541 1176,354111,077,327)
2,945,754 2,945,754 12,784,328)
3,384,400 3,384,400 13,861,655}
NET MOVEMEN
FUNDS
78,070 3,300,249 3,378,319 13,940.805}
ECONCILIATION OF FUNDS
Total Funds Brought Forward
1,307.567 46.711,166 48,018,733 51,959,538
Total Funds Carried Forward
1,385,637 50,011,415 51,397,052 48,018,733
The statement of flnancial activities includes all gains and losses in the year. All incoming resources and resources
expended dedve from continuing activitl85.
The notes on pages 11 to 19 fomi part of these finandal statements
Page 8

THE JONES 1986 CHARITABLE TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Note
FIXED ASSErs
Investments
Investment Properties
Tangible Fixed Assets
43.045.743
6,820.000
40.448.142
6,205,000
Totsl Fixed Assets
49.865,743
46,653,142
CURRENT ASSErs
Debtors
Cash at bank and in hand
208,089
2,518,496
207,233
2,152,890
10
Total Current Assets
2,726,585
2,360,123
CREDITORS
Amounts falling due %Mthln one year
11
(945.2781
(704,177)
NET CURREiif ASSErs
1,781,309
1,655.946
TOTAL ASSETS LESS CURRENT LIABILrriES
51,647,052
48,309,088
CREDITORS
Amounts falling dua 8fter
more than one y8ar
{250,000)
(290,3551
NEf ASSETS
51,397,052
48,018,733
FUNDS
Expendable Endowment
Unrestrict8d Income
13
13
50.011,415
1,385,837
46,711.166
1,307,567
TOTAL CHARfpf FUNDS
51,397,052
48,018,733
The Flnandal Statements have been prepared In accordance with the Accounllng and Reporting by CharltJes.'
Statement of Recommended Pracllce applicable to charitles preparing thelr accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS1021 (issued In October 20191
(Charities SORP (FRS102IJ, the Financlal Reportlr#J Stsndard applicable In the UK and Republic of Ireland
{FRS1021 and the C
sAc12011.
Approved by the boa
dofT
s1665 on .
nd slgned on its behalf by:
Trustee- J D Pears
Trustee- R W Stan
Trustee- D
Indley
notes on pag85 11 to 19 form part of these finandal ststements
Page 9

THE JONES 1986 CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED S APRIL 2024
2024
2023
CASH FLOW FROM OPERATING ACTIVITIES
Nel Incomel(Expendltur8) for year las per SOFA)
Adjustment for..
Oivid6nds, interest and rents from invgslments
Depreualion charg8 for year
Ilncreasel I d8crease In dabtors
Increase l {de¢reasel In cr8dltors
{6.081 }
179,1501
(1.483,2121
11,392,291)
18561
200,744
72,667
(210,1681
Net cash provtded {forl I by operatlng act5vlll8S
(1,289,405)
11,608,942)
CASH FLOW FROM INVESTIN
Sale of Inveslm8nts
Dlvidends, Int8r8St and rents from inve81m8nts
Purohase of investments
VITIE
10,447,441
1,492,555
111.188,262)
11,421.496
1,392,291
(9,916,043)
NEf CASH FLOWS FROM
INVESTING ACTIVITIES
751,734
2,897,7
CHANGE IN CASH AND CASH E
UIVALENTS
{537,671)
1,288.802
Cash and c8sh equivalents brought forward
3,613,250
2,324,448
CASH AND CASH E
CARRIED FORWARD
UIVALENTS
10
3,075,579
3,613,250
Anal sls of chan
8s In net debt:
5 Aprll 2023 Cashflows
5 April 2024
Cash and cash 8quivalents
3,613,250
1537,671 }
3,075,579
The notes on pages 11 to 19 form part of these financial slat8ments
Page 10

THE JONES 1986 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
CCOUNTING POLICIES
The following accountlng policies h8ve been applied conslstently in dealing with items which are
considered material in relation lo the Charills flnandal statements.
a) Goneral Infonnation and basss of Preparatlon
The Jones 1986 Charftable Trust is an unlncorporaled Charity In Englandlwales. Th8 address of
the office Is glven in the charity informatlon on page 1 part {cl, of these financial statements. The
natur8 of the charity's operations and principal activitl8s are to make grants to organisalions.
The Charity ¢onstltut88 8 public beneflt èntity as d8fln8d by FRS 102, The flnancl81 statements
have begn prepared In accordance with Accounting and Reportlng by Charltles: Statement of
Recommended Practice applicable lo charlttes preparlng their accounts in accordance with the
Financlal Reporllng Standard applicabl8 In the UK and Republic of Ireland (FRS 1021 issued In
October 2019, the Flnancial Reporting Standard applicable in the Unlted Kingdom and Republic of
Ireland {FRS 1021. the Charlties Act 2011 and UK Generally Accepted Accounllng Practlc8.
The flnanclal statements hav8 been prepared to give a 'lru8 8nd falr, vlew and have departed from
the Charltles l Accounts and Reports) Regulations 2008 only to the exlenl required to provide
'true and fair, view. This departur8 has Involved followlng the Accounting and Reporting by
Charities.. Statement of Recommended Practice appllcable to Gharities preparlng their accounts in
accordance with the Flnanclal R8POrting Slandard appllcable In the UK and Republlc ol Ireland
(FRS 1021 Issued In October 2019 r8ther than the Accounllng and R8POrtlng by Charltles..
ststement of Recommended PractlC8 effectlve from 1 April 2005 whlch has since been withdrawn.
Th8 financlal statements are prepared on a golng concem basis under the historical cost
convenuon, modified lo include certaln Items al falr value.
The financial slatem8nts are piepar8d In sterling which Is the funcllonal currency of th9 Trust and
rounded to the nearest £1.
The slgniflcant accountlng pollcles applied in the preparation of these flnanclal slat8mants are set
out below. These policies have been consistently applled to all years pr8sented unl8ss otherwlse
staled.
b)
Funds
As the Trustees have the power to distrlbut8 both income and capltal, the funds of th8 Trust are
all unrestricted and comprise:
Expendable Endowm8nt Fund
The fund comprises c8Pltal investments and property transfèrred lo the Charlty together wlth any
gains and losses relalad thereto.
UnrestrlGted Income Fund
The Income fund represents Investment and other in¢ome less expenditure and grants made.
c) Investments
Investment assets are stated at fair valug being market value at the Balance Sheet dale.
Reallsed and unr6alis8d gains and losses are induded in the ststement of flnancial activittes.
d)
Income Recognltion
Income from investments is included in the accounling perlod In which il is due and rec8ivable, and
is gross of any Income Tax r8coverable.
Page 11

THE JONES 1986 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
ACCOUNTING POLIC
ES
Expendlture
Liabilities are recognlsed as resources exFend8d as soon as there is a legal or constructive obligation
commlttlng the charity lo the expenditure.
Expenditur8 is recorded on the accruals b8sls. Th8 cost of Irrecoverable Value Add8d Tax Is included
with the 8xp8nse item lo which il relates.
The management and admlnlstratlon expenses are those Incurred In connectlon with administratlon
of the charity and compllance wSth conslitulional and statutory r8qulr8ments.
Grant8
Grants ar8 record8d in th8 accounts when they are approved and, if payable after the date of the
acctyjnls, ar8 Included in creditors.
gl
Invostment Prop•rtles
Investment property 18 included al market value and accordlngly no depreclatlon Is charg8d.
Debtor$ and ¢redltor8 recelvablelpayable wlthln one yaar
Debtors and creditors wlth no staled inlgr8St rate and recelvable or payable ￿thIn one year are
recorded at tr8nsacdon pilce. Any losses arislng from impalrment are reco>Jnised in expendllure.
Golng Concem
The flnancial statements have been prepared on a going concern basls as the Trus198s belleve that
no material uncertaintl8S 8xlsl. The Trustees have considered the level of funds held and the expecl8d
level of Income and expenditure for 12 months from authorising these flnanclal statements. The
budgeted Income and expenditure is sufficlent with the lev81 of reserves for the chartly to be able to
conllnu8 as a going concern.
J)
Taxatlon
The oharily carrfes out acllvltles whlch are exempt from corporation tax and Income tax.
NVESTMENT INCOM
024
2023
Property Income
Income from Quotsd Securldes
Int8rest on Cash Deposlls
432,109
991,935
59,168
457,902
912.910
21,479
1.483,212
1,392,291
Investment Income relatss sol8ty to thè Unrestricted Income Fund in the current Bnd precedlng year.
Page 12

THE JONES 1986 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
PROPERTY EXPENDITURE
2024
2023
Light Heat. Rates and Water
Insuranc8 and Security
Professional Fees and Advertising
S8fviG8 charges
Refurbishment
21,638
15.698
38.027
23,492
7,9
8,837
31,167
28,338
106,811
76,832
Investment propety expenses r8lat8 sol8W to th8 Unrestrided Income Fund in the currènt and pr￿edir￿a
CHARITABLE GRANTS
2024
Welfare of the Elderly
Giyjd Companions
Handmade Theatre
Radford C8re Group
Trinity Methodist Church
Dementia UK
3,700
3,500
25,000
8,000
10,000
50,200
Phy8lcal Health & Handlcap
Notbngham Multiple Sd8rosi8 Th8rapy Centre Limited
Vibrant Warsop CIC
Nottinghamshire Royal Society for the Blind ITIA'MY Sight Nottinghamshire,)
The Lenton Centre
Frozen Light
Headway Nottingham
Riding for Smiles
Autistic Nottingham
Care after Combat
10,000
7,000
15,000
4,300
Medlcal
Beaumont Housè Community Hospice
MultiFde System Atrophy Trust
Orthid Cancer Appeal
London Hearts
PASIC
Reach Leaming Disability
Lincs & Nott5 Air Ambulance ILNA4)
Disability Support
25,OYJ
2,000
4,500
16,CXX)
5,500
500,000
2,500
556,500
Page 13

THE JONES 1986 CHARrfABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
CHARITABLE GRANTS CONT...
2024
Welfare of the Young
Positively Empowered Kids CIC
The Wolfpack Project
Whiz2 lQdz
Children's Bereavement Centre
Homestart Mansfield
Counselling and Support for Young People {CASY)
Home & Dry
10,CKJO
38,800
Communlty Support
Trent Bridge Community Trust
The Gr88nw8y Centre
Wild Things Ecological Education Collective
Arkwright M8adows Community Gardens
Breaking Barriers Building Bridges
Pintsize Theatre Ltd
Willow Community
Fnends of the Cromft)rd Canal
Trent Compassion Trust
N8wark & Sherwood CVS
The Vine Community Centre
25.C(
8,5CXJ
20,C(
3,000
4,800
5,600
5,000
3.000
3.000
15,000
4.000
94,b)JO
Youth Organl8atlon•
Transfom) Training
Brightar FLrtur8s Through Sport
Focus on Young People in Bass8tlaw
The Inspire and Athieve Foundation
YMCA Newark and Sherwood
19,500
Educatlonal
RISE Learning Zone CIC
The Zone Youth Project
Belvoir Cricket & Countryslde Trust
Portland College
100,OCK)
108,5C
Rellef of Poverty
Groun1]￿Ork Fivè Counties {Fomierty Groundwork Greater Noth'nghaml
The Furniture Projecl Nottinghamshire
BeS￿oOd and Bulwell Foodbank
Hope Church Nottingham
Rene House CIC
Sharewear Clothing Scheme
The Friary Dropln
BroxtOW8 Communty Projects {BCP}
10,C
15.C
4,500
30,C
9,000
3,000
5,000
5,000
Page 14

THE JONES 1986 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
CHARrrABLE GRANTS CONT...
024
Relief of Poverty (Contlnuedl
Open Homes Nottingham
The Renewal Trust
Transforming Notts Together (TNT)
People's Dispensary for Sick Anlmals (PDSA)
The Social Action Hub
Nottingham and Nottinghamshlre R8fug88 Forum
Nottlngham Arimathea Trust
10,000
12,500
5.000
1,000
25,000
15,000
3.900
153,9
Mlscellaneous
Nottirohamshlre Wlldllfè Trust
Remar Assoclatlon UK
Broxtowe Womens Project
Support Through Court
Hetys
5,000
5,000
10,000
5,000
9.500
34,500
1,113,61)0
SUPPORT COSTS INCLUDING GOVERNANCE COSTS
2024
2023
Legal Fe88
Admlnlstralion, Accountancy and Taxation Fees
Audit F88
rr software and 5UPPOrt
Insurance
Investment advic8
Sundries
19,871
62,560
5,590
3,311
4,629
4,425
194
24,481
69,893
5,400
8.363
4,$64
100,580
112,881
INVESTMEKrs
2024
Market Value at 6 April 2023
Addl￿onS
DisFy)sals
Equalisation Income
Reallsed and Unrealised losses
38,987.782
11.188.262
(10,447,441)
{9,343}
2.769.400
Market Value at 5 April 2024
42,488,660
Cash held for Investment Purposes
557,083
Total
43,045,743
Page 15

THE JONES 1986 CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
INVESTMENTS CONT..,
Analysls of Investment5
Quoted Investments
Bonds
Equities
Ajternatlve Investments
Propety
02
202
8,615,199
8,435,066
29.760,965 24,940.171
3,934,787
5,224.585
177,709
387,960
42,488,660 38,987,782
Cash held for Investment Purposes
557,083
1,460,360
43.045.743 40,448,142
The hlstorical cost of Investments at 5 Aprll 2024 was £39,010,663
INVESTMENT PROPERTIES
202
At Cost or Valuatlan
As at 6 April 2023
Revaluation
Dlsposals
6,205,000
615,000
As at 5 Aprll 2024
6,820,000
The hlstorlcal cost of Investm&nt propertles at 5 Aprll 2024 was £5,426,737.
The Trustees hav8 assessed th8 markel valu6 as at 5 Aprll 2024. The Trustees have updated the valuation
perfomied by R.G. Sutton, BSC, MRICS, of NG Charter&d Surveyors a8 at 5 Ap￿1 2021. Th& 2021 valuatlon
Was undertaken in accordance wlth th8 RICS Red B¢X)k Global.
TANGIBLE FIXED AssErs
Cost
At 06 Aprtl 2023
1,502
At 05 Aprfl 2024
1,502
Depreclatlon
At 06 April 2023
1,502
At 05 April 2024
1,502
Not Book Value
At 05 April 2024
At 06 April 2023
Page 16

THE JONES 1986 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
DEBTORS
2024
2023
Rents Receivable
Other Debtors
187.174
20.915
195,114
12,119
208,089
207,233
10. CASH BALANCES
202
2023
Cash at Bank
Cash Held by Investment Advisors
2,403,016
115,480
2,C66,799
86,091
2,518,496
2,152,890
Analysls Of Cash And Cash Equlvalents
Cash held for inveslment purposes
Cash at bank and in hand
557,083
2,518,498
1,460,￿0
2,152,890
3,075,579
3,613,250
11. CREDITORS
Amounts f811ing du8 Within one year
Trade creditors
VAT
Grants Commthd
Deferred Income
Accruals
Deposit Repayable
servi￿ Charge
2024
2023
49,190
9.481
711.962
84,790
59,122
50,731
42,955
12,514
462,107
74.747
56.985
50.731
4,138
945,276
704,177
Amounts falling due 8ft8r more than one year
Grants Committed
250,000
290,355
Deferred irwrne relatss to propety ino)m8 received in advance.
Under 1 year Over 1 year
Totsl
At 6 April 2023
Addits"ons in year
l¥mounts released to income
74,747
3,634
(13,5911
74.747
(13,591)
At 5 April 2024
64,790
64,7
Page 17

THE JONES 1986 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024
12. OPERATING LEASE COMMITMENTS LESSOR
The charity leases out the investment properties under r￿n￿an￿lIable operating leases for the following
fvture minimum lease payments. There are no corrtingent rents..
2023
Wrthin one year
Be￿een one and five years
In ovèr fiv8 years
306,906
844.289
403,829
352.508
8￿,882
537,936
1,555,024
1,787,326
13. ANALYSIS OF NEf ASSETS BETWEEN FUNDS
Unrestricted Expendabl8
Income
Endowment
Totsl
Funds
Inv88tment Assets
Current Assets
Creditors
49,865,743 49,865,743
167,434 2.726,585
(21,762) (1,195,276)
2,559,151
{1,173,5141
Net A880ts at 5 Aprfl 2024
1,385,637
50,011,415 51,397,052
14. GRANT COMMITMENT RECONCILIATION
2Q24
2023
Commitsn￿t at the stsrt of the year
Payable in less than one year (Note 11)
Payable in more than one year {Note 11)
462,1Q7
290,355
683,490
273,250
752,4e2
956,740
Grants cornrnitted during the year (Note 4)
Grants paid during the year
1,113,6QO
1,118,110
{9J4,100} (1,320,388)
961,%2
752,482
Commitrnenl at the end ofthe yegr
Payable in less than one year {Note 11)
Payable in more than one year (Note 11)
711,982
250,0
462,107
290,355
961,962
752,462
15. STAFF COSTS
The Charity netther 8mploys any staff nor pays ary ren( rates or other similar outgoings or overheads. the
Trustees being of the opinion that all ne¢e55ary Services are mcffe efficiently provided as when requi
by outside service providers.
Pag8 18

THE JONES 1986 CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 5 APRIL 2024
16. TRUSTEES, REMUNERATION AND EXPENSES
No remuneration direc* or indirectly out of the funds of th8 Charty was paid or payable for the year to any
Trustee or to any person known to be connected with any of them other than as mentioned in Note 17.
Consequently, totsl remuneration of key management personnel is nil.
No disbursèment of éxpènses has beén made or is due to be made to any of the Trust88s in respect ofthe
yéar, othér than as mèntionéd in Note 17.
17. RELATED PARTY TRANSACTIO
Mr J D Pears was a consultant in Keystone Law during the year. Keystone Law charged the Charitable
Trust 8 total of £20,576 (2023. £27,524) during the year in respect of legal fees and administralson and
support costs. A creditor of £nil (2023: £ nil) was outstanding at the year end.
Mr R W Stanley was a partner in UHY Hacker Young LLP durlng the year. UHY Hacker Young LLP charged
Ihe Charitable Trust a total of £45,802 {2023.' £41,118) during th8 year in respect of administration,
ar￿untancy, tsxabon servlces and Investment review. A creditor of £13,326 12023.. £18,600) was
outstsnding at the year end.
Mr D N Lindley charged the Charitable Trust a total of £13,081 (2023.. £12.083} during the year in resFect
of accountancy and administration and support costs. In addition. Mr D N Lindley received £114 (2023:
£154) for reimbursed expenses. A credrtor of£nil {2023'. £1￿) was outstanding at the year end.
Page 19