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← The Jones 1986 Charitable Trust

2025-04-05-accounts

THE JONES 1986 CHARITABLE TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

TRUSTEES:

J D Pears R W Stanley DN Lindley

THE JONES 1986 CHARITABLE TRUST

INDEX TO THE FINANCIAL STATEMENTS

FOR THE. YEAR ENDED 5 APRIL 2025

CONTENTS

Page
Trustees’Annual Report 1to4
Auditors’ Report 5to7
Statementof Financial Activities 8
Balance Sheet 9
Statement ofCash Flows 10
Notes 11to20

THE JONES 1986 CHARITABLE TRUST

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED5 APRIL 2025

LEGAL AND ADMINISTRATIVE INFORMATION

(a) The name of the Trust is “The Jones 1986 Charitable Trust’.

(b) The Trustees who acted during the year were:

JD Pears R W Stanley DN Lindley

The Trustees jaintly 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, NG1 6GR.

Nottingham, NG1 6GR.
(d)
Bankers National Westminster Bank Plc CAF Bank Limited
Nottingham, Smiths Bank Branch 25 Kings Hill Avenue
16 South Parade Kings Hill
Nottingham West Malling
NG1 2X Kent
ME19 419
InvestmentAdvisers Rathboneés Investment Management Limited
30 Gresham Street
London
EC2V 7QN
Charles Stanley
Ropermaker Place
25 Ropemaker Street
London
EC2Y SLY
Auditors Dafferns Audit Limited
Registered Auditors
Chartered Accountants
One Eastwood, HarryWeston Road
Binley Business Park
Coventry
CV3 2UB
Solicitors Keystone Law Nelsons
48 Chancery Lane Pennine House
London 8 Stanford Street
WC2A 1]F Nottingham
NG1 7BQ
CharitableNo. 327176

Page 1

THE JONES 1986 CHARITABLE TRUST

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

The Trustees present their annual report along with the financial statements of the Charity for the year ended 5 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 and comply with the Trust Deed, the Charities Act 2011 and Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ FRS102 and the charities SORP 2019 (SORP 2019).

STRUCTURE GOVERNANCE AND MANAGEMENT

The Trust is an unincorporated 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 substantial gifts to the Charity. The Trust does not actively fundraise and seeks to continue the philanthropic work desired by the family through careful stewardship 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 supplemental deeds.

Upon appointment of any Trustee a full bespoke induction process is planned in order to ensure complete familiarity and understanding of the Trust’s objectives 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 processing and handling of applications prior to consideration by the Trustees was delegated to UHY Hacker Young LLP, 14 Park Row, Nottingham, NG1 6GR.

All Trustees give of their time freely and no Trustee remuneration was paid in the year. Details of Trustees’ expenses and related party transactions are disclosed in Notes 16 and 17 of the accounts.

RISK MANAGEMENT

The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and have established procedures to manage those risks. The Trustees consider the variability of the investment returns on the expendable endowment to constitute the Charity’s major risk. The Trustees monitor this risk with its investment advisers.

TheOBJECTIVESCharity hasANDveryACTIVITIESwide charitable objects and purposes, but it is the Trustees’ intention to make grants primarily to organisations in Nottinghamshire. Although the Trustees have absolute discretion as regards their grant making policy, they restrict grants to other charitable organisations and do not make grants to individuals.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.

Applications for grants are considered for both capital and/or revenue projects as long as each project appears viable. The Trust pays certain grants quarterly to assist the recipients’ cash flow needs. Although there are no formal agreements, the Trust prefers to develop a relationship with the organisations over an extended period of time.

Page 2

THE JONES 1986 CHARITABLE TRUST

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2025

ACHIEVEMENTS

In the year ended 5 April 2025 the Trustees committed grants totalling £786,100 to 88 organisations (2024; £1,113,600 to 69). An analysis of grants is set out in Note 4 to the financial statements.

FINANCIAL REVIEW

The Trust received £1,553,389 (2024: £1,483,212) from its investments including £372,450 (2024: £432,109) from its property portfolio.

The fee of the investment advisers is 0.43% of their managed funds and the governance costs are 0.23% of the total assets. The Trustees consider both to be acceptable.

INVESTMENT POLICY AND PERFORMANCE

It is the policy of the Trustees to retain capital in the endowment fund in order to generate the income from which the grants are made, The Trustees have retained the services of Rathbones Investment Management Limited and Charles Stanley & Co. Limited throughout the year.

The discretionary portfolio managed by Rathbones Investment Management Limited is managed on a balanced return basis whereas the discretionary portfolio managed by Charles Stanley is managed on a total return basis.

The Trustees constantly monitor the investment advisers’ performances against other benchmarks and are satisfied that the rates of return are acceptable, The Trustees have retained £2,253,461 in cash deposits where the holding is not subject to the volatility of other markets.

RESERVES POLICY

themThe Trusteesto financeaimfutureto maintainapplications free reservesand the incostsunrestrictedof governancefunds atfor a theprudentnext twelve level ofmonths. at least£1 000,000 to enable

The actuai level of free reserves at 5 April 2025 was £1,782,887 which is in accordance with the Trustees’ policy.

The level of endowment funds as at 5 April 2025 was £47,988,285 (2024: £50,011,415). The majority of the decrease during the year was due to the losses on investment value of £1,814,734 (2024 gains: £2,769,400}.

FUTURE STRATEGY

It is the intention of the Trustees to continue making charitable grants for as long as funds are available.

FUNDRAISING STANDARDS

The Trust does not contract with any third-party to undertake any fundraising on its behalf and hence has received no fundraising complaints in the year.

Page 3

THE JONES 1986 CHARITABLE TRUST

TRUSTEES’ ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED § APRIL 2025

RESPONSIBILITIES OF TRUSTEES

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on .L& -..\2.- 22S. and signed on their behalf by:

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JD Pears
Trustees
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R W Stanley
Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF

THE JONES 1986 CHARITABLE TRUST

OPINION ON FINANCIAL STATEMENTS

We have audited the financial statements of The Jones 1986 Charitable Trust for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cashflows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their 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 opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethicat requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustees's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the Trustees’ annual report, other than the financial Statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF

THE JONES 1986 CHARITABLE TRUST

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ Responsibilities Statement, set out on page 4, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such intemal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

in preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concer and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. withReasonableISAs (UK)assurancewill alwaysis adetecthigh levela materialof assurance,misstatementbut is nat when a guaranteeit exists. thatMisstatements an audit conductedcan ariseinfrom accordancefraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of[these][financial][statements.]

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement 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 statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation

Page 6

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
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THE JONES 1986 CHARITABLE TRUST

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

USE OF OUR REPORT

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do nat accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

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Dafferns Audit Limited
Statutory Auditors One Eastwood
Harry Weston Road
Binley Business Park
Coventry
Date: |BB DecmAmA Joos CV3 2UB
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Date: |BB DecmAmA Joos
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Daffems Audit Limited is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.

Page 7

THE JONES 1986 CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2025

Unrestricted Unrestricted Expendable Expendable 2025 2024
Income Endowment
Eund Fund Total Total
Note £ £ £ £
INCOME AND ENDOWMENTS FROM:
Investments 2 1,553,389 - 1,553,389 1,483,212
TOTALINCOMEAND ENDOWMENTS 1,553,389 - 1,553,389 1,483,212
EXPENDITURE ON:
Raising Funds
InvestmentManagementCosts 87,916 87,916 175,832 168,302
Praperty Expenses 3 167,310 - 167,310 106,811
255,226 87,916 343,142 275,113
Charitable Activities
Charitable Grants 4 786,100 - 786,100 1,113,600
Cost ofGrant Making
Grant related support costs 5 114,813 : 114,813 400,580
900,913 - 900,913 1,214,180
TOTALEXPENDITURE 1,156,139 87,916 1,244,055 1,489,293
NET INCOME /(EXPENDITURE)
BEFORE OTHER RECOGNISED
GAINSAND LOSSES 397,250 (87,916) 309,334 (6,081)
OTHER RECOGNISED GAINSAND LOSSES
Unrealised Gain/ (Loss) on Revaluation ofProperty - (120,480) (120,480) 615,000
Realised Gain/ (Loss) on Sale ofProperty - - - -
Realised Gain/(Loss) on InvestmentAssets - (10,412) (10,412) (176,354)
Unrealised Gain/ (Loss) on Investment Assets - (1,804,322) (1,804,322) 2,945,754
- (1,935,214) (1,935,214) 3,384,400
NET MOVEMENT IN FUNDS 397,250 (2,023,130) (1,625,880) 3,378,319
RECONCILIATION OF FUNDS
Total Funds Brought Forward 1,385,637 50,011,415 51,397,052 48,018,733
TotalFundsCarriedForward 1,782,887 47,988,285 49,771,172 51,397,052

The statement offinancial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The nates on pages 11 to 20 form part of these financial statements.

Page 8

THE JONES 1986 CHARITABLE TRUST

BALANCE SHEET

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||||||||| |---|---|---|---|---|---|---|---| |AS AT|5 APRIL|2025| |2025|2024| |Note|£|£|£|£| |FIXED|ASSETS| |Investments|6|41,082,744|43,045,743| |Investment|Properties|7|6,820,000|6,820,000| |Tangible|Fixed|Assets|8|-|-| |Total|Fixed|Assets|47,902,744|49,865,743| |CURRENT ASSETS| |Debtors|9|230,013|208,089| |Cash|at bank|and|in|hand|10|2,388,140|2,518,496| |Total|Current Assets|2,618,153|2,726,585| |CREDITORS| |Amounts|falling due within one year|11|(749,725)|(945|276)| |NET|CURRENT ASSETS|1,868,428|1,781,309| |TOTAL ASSETS|LESS|CURRENT|LIABILITIES|49,771,172|51,647,052| |CREDITORS| |Amounts|falling|due|after| |more|than|one|year|11|-|(250,000)| |NET ASSETS|49,771,172|51,397,052| |FUNDS| |Expendable|Endowment|13|47,988,285|50,011,415| |Unrestricted|Income|13|1,782,887|1,385,637| |TOTAL CHARITY|FUNDS|49,771,172|51,397,052|

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The Financial Statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (issued in October 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. DeaaS, Approved by th boat of Trustees on U67.'.25-. WW ? signed on its behalf by: Trustee-JDPears—t—~S Trustee-RWStanley~ svete ae PF Segisvcicsuvarsuavass OT pages 11 to 20 form part of these financial statements es oles Page 9

THE JONES 1986 CHARITABLE TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED5 APRIL 2025

2025 2024
Note £ £
CASH FLOWFROM OPERATING ACTIVITIES
Net Income/(Expenditure) foryear (as perSOFA)		 309,334 (6,081)
Adjustment for:
Dividends, interestand rentsfrom investments		 (1,553,389) (1,483,212)
Depreciation charge foryear
(Increase) /decrease in debtors
Increase /(decrease) in creditors		 -
(21,924)
(445,551)		 -
(856)
200,744
Net cash provided (for) /by operating activities (1,711,530) (1,289,405)
CASH FLOWFROM INVESTING ACTIVITIES
Sale ofinvestments 10,608,730 10,447,441
Dividends, interest and rentsfrom investments 1,539,565 1,492,555
Additions to property
Purchase ofinvestments		 (120,480)
(10,739,594)		 -
(11,188,262)
NET CASH FLOWS FROM
INVESTING ACTIVITIES 1,288,221 751,734
CHANGE INCASHANDCASH EQUIVALENTS (423,309) (537,671)
Cash andcash equivalents broughtforward 3,075,579 3,613,250
CASHAND CASH EQUIVALENTS
CARRIED FORWARD
10		 2,652,270 3,075,579
Analysis ofchanges in netdebt: 5April2024
£		 Cashflows
£		 5April 2025
£
Cashandcashequivalents 3,075,579 (423,309) 2,652,270

The notes on pages 11 to 20 form part of these financial statements

Page 10

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED § APRIL 2025

1. ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Charity’s financial statements.

a) General information and basis of preparation The Jones 1986 Charitable Trust is an unincorporated Charity in England/Wales. The address of the office is given in the charity information on page 1 part (c), of these financial statements. The nature of the charity’s operations and principal activities are to make grants to organisations.

The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed fram the Charities ( Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concem basis under the historical cost convention, modified to include certain items at fair value.

The financial statements are prepared in sterling which is the functional currency of the Trust and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Funds As the Trustees have the power to distribute both income and capital, the funds of the Trust are all unrestricted and comprise:

Expendable Endowment Fund The fund comprises capital investments and property transferred to the Charity together with any gains and losses related thereto.

Unrestricted Income Fund

The income fund represents investment and other income less expenditure and grants made.

c) Investments Investment assets are stated at fair value being market value at the Balance Sheet date. Realised and unrealised gains and losses are included in the statement of financial activities.

d) Income Recognition Income from investments is included in the accounting period in which it is due and receivable and is gross of any Income Tax recoverable

Page 11

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

  1. ACCOUNTING POLICIES CONT...

e) Expenditure Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure.

Expenditure is recorded on the accrual's basis. The cost of irecoverable Value Added Tax is included with the expense item to which it relates.

The management and administration expenses are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

f) Grants Grants are recorded in the accounts when they are approved and, if payable after the date of the accounts, are included in creditors.

Investment property is included at market value and accordingly no depreciation is charged.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

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2. INVESTMENT INCOME 2025 2024
gE £
Property income 372,450 432,109
Income from Quoted Securities 1,083,030 991,935
Interest on Cash Deposits 97,909 59,168
1,553,389 1,483,212
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Investment income relates solely to the Unrestricted Income Fund in the current and preceding year.

Page 12

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

3. PROPERTY EXPENDITURE

PROPERTY EXPENDITURE
2025 2024
£ £
Light, Heat, Rates and Water 63,492 21,638
Insurance and Security 16,422 15,698
Professional Fees and Advertising 41,905 38,027
Service charges 17,725 23,492
Refurbishment 27,766 7,956
167,310 106,811

Investment property expenses relate solely to the Unrestricted Income Fund in the current and preceding year.

4. CHARITABLE GRANTS 2025
£
Accommodation
Rene House CIC 9,000
Betel UK 15,000
Evolve Housing Association 3,000
27,000
Welfare ofthe Elderly
HearTogether 5,000
Age UK Nottingham & Nottinghamshire 20,000
Dove Cottage Day Hospice §,500
Wainman Trust 2,000
Cornwater Evergreens 5,000
The Helpful Bureau 5,000
Radford Care Group 40,000
82,500
Physical Health & Handicap
Open Minds Nottingham 8,000
Motor Neurone DiseaseAssociation 10,000
Shine 2,000
Whizz Kids 5,000
S.H.E UK (Supporting, Healing, Educating) 7,500
32,500
Weifare oftheYoung
Transform Training Ltd 5,600
Children's Bereavement Centre 5,000
FocusOn Young People in Bassetlaw 2,000
Imara ClO 7,800
Base 51 5,000
TheZone Youth Project 5,000
Operation Orphan 5,000
35,100

Page 13

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

4. CHARITABLE GRANTS CONT...

2025 £

Medical

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Cape|Children's|Trust (known|as|Rainbows|Hospice|for Children|and|Young|People)|102,000| |EMICS|(|East Midlands|Immediate|Care|Scheme)|CIO|5,000| |Greenwood|Riding|for the|Disabled|Association|(CIO)|6,000| |Nottingham|Multiple|Sclerosis|Therapy|Centre|Limited|10,000| |Nottinghamshire|Royal|Society|for the|Blind|(T/A|'My|Sight|Nottinghamshire’)|15,000| |City|Arts|5,000| |Nottinghamshire|Club|for Young|People|3,000| |Notts|County|FC|Community|Programme:|Trading|as|Notts|County|Foundation|5,000| |PASIC|Cancer|Support|10,000| |West Area|Project|5,000| |Zephyrs|5,000| |171,000| |Community|Support| |Bellamy|Road|Tenant and|Resident Association|3,000| |Arkwright Meadows|Community|Gardens|5,700| |Belong|Nottingham|6,000| |Hucknall|&|District|Voluntary|Sector|Partnership|(Under One|Roof)|5,000| |Malt|Cross|Trust|6,000| |Stonebridge|City|Farm|25,000| |The|Beacon|Project|6,000| |Bulwell|United|Reformed|Church|3,000| |Gardens|of Giving|Cic|2,000| |Greenheart|4,500| |Nottinghamshire|Wildlife|Trust|30,000| |Phenomenal|Futures|.|5,000| |Positively|Empowered|Kids|CIC|15,000| |SNaP|Youth|3,000| |The|Vine Community|Centre|6,000| |125,200| |Youth|Organisations| |Happy|Days|Children's|Charity|2,000| |The|Wolfpack|Project|5,000| |The|Outward|Bound|Trust|2,500| |9,500|

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Page 14

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED § APRIL 2025

4. CHARITABLE GRANTS CONT...

4.
CHARITABLE GRANTS CONT...
2025
£
Educational
Nottingham ArisTheatre 2,000
The Framework Knitters’ Museum 18,000
Read forGood 5,000
Shannon Trust 5,000
Green’s Windmill Trust 5,000
Scarecrow Farm Forest School 2,000
Pintsize Theatre Ltd 8,500
Schoolreaders ClO 3,000
WildThings Ecological Education Collective 20,000
68,500
Relief of Poverty
FareShare Midlands 20,000
Greater Nottingham Groundwork Trust(Now called Groundwork Five Counties) 15,000
TheGreenway Centre 10,000
The Well §,000
Always Community 5,000
Newark Emmaus Trust 2,300
Nottingham Narrow Boat Project Ltd 10,000
St. Peter's United Charities 5,000
JericheRoad Project 10,000
Nottingham and Nottinghamshire Refugee Forum 45,000
Refugee Roots 5,000
Citizens Advice Central Nottinghamshire (formerly Broxtowe) 6,000
HopeChurch Nottingham 31,500
TrentCompassion Trust 6,000
Bassetlaw Food Bank 7,500
Himmah 5,000
Open Homes Nottingham 10,000
Sharewear Clothing Scheme 4,000
The Friary Drop-in 5,000
The Tin Hat Centre 5,000
182,300
Miscellaneous
Double Impact Services 10,000
Hothouse Theatre 2,000
The Nottingham ArimatheaTrust 40,000
Windmill Community Gardens 4,500
Improving Lives Notts 10,000
Moo Haven 3,000
STAA
SupportThrough Court		 8,000
5,000
52,500
786,100

Page 15

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED § APRIL 2025

5. SUPPORT COSTS INCLUDING GOVERNANCECOSTS 2025 2024
£ £
Legal Fees 26,525 19,871
Administration, Accountancy andTaxation Fees 67,224 62,560
AuditFee 6,260 5,590
IT Software and Support 4,568 3,311
Insurance 4,918 4,629
InvestmentAdvice 5,160 4,425
Sundries 158 194
114,813 100,580
6. INVESTMENTS 2025
£
Market Value at6 April 2024
Additions
Disposals
Equalisation Income		 42,488,660
10,739,594
(10,608, 730)
13,824
Realised Losses (10,412)
Unrealised Losses (1,804,322)
Market Value at5 April 2025 40,818,614
Cash held for InvestmentPurposes 264,130
Total 41,082,744
Analysis ofInvestments 2025 2024
QuotedInvestments £ £
Bonds 12,755,023 8,615,199
Equities
Alternative Investments		 24,664,893
3,091,140		 29,760,965
3,934,787
Property 307 ,558 177,709
40,818,614 42,488,660
Cash held for Investment Purposes 264,130 557,083
41,082,744 43,045,743

The historical cost of investments at 5 April 2025 was £39, 136,460

Page 16

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED § APRIL 2025

  1. INVESTMENT PROPERTIES

2025 At Cost or Valuation £ As at 6 April 2024 6,820,000 Additions 120,480 Revaluation (120,480) As at 5 April 2025 6,820,000

The historical cost of investment properties at 5 April 2025 was £5,547,218.

The Trustees have assessed the market value as at 5 April 2025. The trustees have updated the valuation performed by R.G. Sutton, BSc, MRICS, of NG Chartered Surveyors as at 5 April 2021. This valuation was undertaken in accordance with the RICS Red Book Global.

  1. TANGIBLE FIXED ASSETS
8. TANGIBLE FIXED ASSETSASSETS
Computer
£
Cost
At 06 April 2024 4,502
At 05 April 2025 1,502
Depreciation
At06 April 2024 1,502
At 05 April 2025 1,502
NetBook Value
At 05 April 2025 -
At 06 April 2024 “
9. DEBTORS 2025 2024
£ £
Rents Receivable 209,773 187,174
Other Debtors 20,240 20,915
230,013 208,089

Page 17

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED5 APRIL 2025

10. CASH BALANCES
2025 2024
£ £
Cash at Bank 2,253,461 2,403,016
Cash Held by Investment Advisors 134,679 115,480
2,388,140 2,518,496
Analysis OfCashAnd Cash Equivalents
Cash held for investment purposes 264,130 557,083
Cash atbank and in hand 2,388,140 2,518,496
2,652,270 3,075,579
11. CREDITORS 2025 2024
Amounts falling due within oneyear £ £
Trade creditors 42,375 49,190
VAT 3,425 9,481
Grants Committed 532,002 711,962
Deferred Income 57,268 64,790
Accruals 63,924 59,122
Deposit Repayable 50,731 50,731
749,725 945,276
Amounts failing due aftermore than oneyear
Grants Committed - 250,000
Deferred income relatesto property income received in advance.
Under 1 year Over 1 year Total
£ £ £
At6 April2024 64,790 . 64,790
Additions in year
Amounts released toincome		 57,268
(64,790)		 -
-		 57,268
(64,790)
At5April2025 57,268 - 57,268

Page 18

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

12. OPERATING LEASE COMMITMENTS LESSOR

The charity leases out the investment properties under non-cancellable operating leases for the following future minimum lease payments. There are no contingent rents:

2025 2024
£ £
Within one year 384,636 306,906
Between oneand five years 1,097,128 844,289
In over five years 400,731 403,829
1,882,495 1,555,024
13. ANALYSIS OF NETASSETS BETWEEN FUNDS Unrestricted Expendable Total
Income Endowment Funds
£ £ £
InvestmentAssets - 47,902,744 47,902,744
CurrentAssets 2,510,345 107,808 2618,153
Creditors (727,458) (22,267) (749,725)
NetAssets at5 April 2025 1,782,887 47,988,285 49,771,172
14. GRANTCOMMITMENT RECONCILIATION
2025 2024
£ £
Commitment atthe start ofthe year
Payable in less than one year (Note 11) 711,962 462,107
Payable in more than one year (Note 11) 250,000 290,355
961,962 752,462
Grants committed during the year(Note4)
Grants paid during the year		 786,100
(1,216,060)		 1,113,600
(904,100)
§32,002 961,962
Commitment atthe end ofthe year
Payable in lessthan oneyear(Note 11)
Payable in morethan one year (Note 11)		 532,002
-		 711,962
250,000
532,002 961,962
  1. STAFF COSTS

The Charity neither employs any staff nor pays any rent, rates or other similar outgoings or overheads, the Trustees being of the opinion that all necessary services are more efficiently provided as and when required by outside service providers.

Page 19

THE JONES 1986 CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

  1. TRUSTEES’ REMUNERATION AND EXPENSES

No remuneration directly or indirectly out of the funds of the Charity 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. Consequenily, total remuneration of key management personnel is nil.

No disbursement of expense has been made or is due to be made to any of the Trustees in respect of the year, other than as mentioned in Note 17

  1. RELATED PARTY TRANSACTIONS

Mr J D Pears was a consultant in Keystone Law during the year. Keystone Law charged the Charitable Trust a total of £25,370 (2024: £20,576) during the year in respect of legal fees and administration and support costs. A creditor of FNil (2024: £Nil) was outstanding at the year end.

Mr R W Stanley was a partner in UHY Hacker Young LLP in the year. UHY Hacker Young LLP charged the Charitable Trust a total of £44,190 (2024: £41,377) during the year in respect of administration, accountancy and taxation services. A creditor of £10,455 (2024: £13,326) was outstanding at the yearend.

UHY Hacker Young LLP owns 100% of UHY Financial Planning Ltd. UHY Financial Planning Ltd. charged the Charitable Trust a total of £5,160 (2024: £4,425) during the year in respect of investment advice. A creditor of £1,785 (2024: £Nil) was outstanding at the year end.

Mr DN Lindley charged the Charitable Trust a total of £14,019 (2024; £13,081) during the year in respect of accountancy and administration and support costs. In addition, Mr D N Lindley received £153 (2024: £114) for reimbursed expenses. A creditor of £110 (2024: £Nil) was outstanding at the year end.

Page 20