2020-09-30-accounts

NameofCharity:	The CJM Charitable Trust (Charity No.802325)
Trustees:	Christopher James Marks
	Timothy John Marks
	William Robert Marks
	Rupert Philip Marks
	Farrer & Co Trust Corporation Limited
	The presentdirectors of Farrer & Co Trust Corporation are:
	KN Dunnell (Appointed on 19 February 2021)
	JH Carleton
	BLACove
	D E Davidson
	W JA Gordon
	S P Graham
	AML Hollingshead
	CA Kirby
	R Mainwaring-Taylor
	C M McAleavey
	R S McDermott (Appointed on 16 June 2020)
	O 1G Piper
	S J Pring
	JAV Smith
	AAG Turner
	S S Von Schmidt Auf Altenstadt
	R P G Voremberg
Principal Office Address:	Farrer & Co LLP
	66 Lincoln's Inn Fields,
	London, WC2 3LH
Solicitors:	Farrer & Co LLP (as above)
Bankers:	Coutts & Co
	440 Strand
	London, WC2R 0QS
Investment Managers:	Sarasin & Partners LLP
	Juxon House, 100 St Paul's Churchyard
	London, EC4M 8BU
Accountants:	Mercer & Hole Trustees Ltd
	Gloucester House, 72 London Road
	St Albans, Hertfordshire
	AL1 1NS
Independent Examiner:	Steve Robinson FCA
	Gloucester House (as above)
Structure, governance and	management
Settlor:	Christopher James Marks
Governing Document:	The principal governing documentis a trust deed dated 29 August 1989.
	Thetrustis a private charitable trust controlled by its trustees.

Structure, governance and	management(continued)
Appointmentof trustees:	The settlor, Christopher James Marks has the power to appoint trustees.
	Existing trustees have been drawn from family members, plus a professional
	Trust Corporation. The lay trustees rely on outside advisors as necessary.
Management and control	The settlor and trustee, Christopher James Marks, has control and overall
	responsibility of the day to day managementof the charity.
Investment Powers:	The trustees have wide investment powers, including power to delegate to
	professional investment managers andtoinvest in the name of nominees.
Risks:	The trustees do not consider that they are exposed to any material risks other
	than fluctuations in the value of their investment portfolio. They have
	appointed professional investment managers and review the investment
	performance ona regularbasis.
Objectives andactivities
Objectives of the Charity:	The trust was created for the benefit of the following:
	1 Any body or organisation whose objects are exclusively charitable by the
	law of England and Wales.
	2 Anyother exclusively charitable purpose.
	Thetrustees had powerto accumulate income until 29 August 2010.
Activities	The trust has a particular emphasis on social development, and on community
	benefit in Scotland. The Charity achievesits objectives for the public benefit
	by making grants to other charitable bodies at the discretion of the trustees,
	having regard to the public benefit guidance published by the Charity
	Commission.
Achievements and performance
Review ofactivities:	Distributions totalling £57,393 were made during the year to a number of
	beneficiaries. Further details of distributions are shown in note 5 to the
	accounts.
Financial review
Grant making Policy	Thetrustees'policy is to make grants as they consider appropriate.
Reserves:	The trustees had power to accumulate income until 2010, but they have not
	retained any reserves of accumulated income.
	They have no requirement to retain reserves for any specific purpose.
Investment Policy:	The trustees' investment portfolio is managed by Sarasin & Partners andis
	held in Sarasin Alpha CIF for Endowments a specialist investment fund for
	charities.
	This fund appreciated by 6.7% during the year, above its benchmark's
	appreciation of 2%. Therefore, the performanceis on target of the long term
	growth target of CPI plus 4% over 5 - 10 years set by the trustees on 19
	November 2014. The fund gives the trust a wide spread of investmentrisk
	overasset classes and geographical area andthetrustees are satisfied thatit
	is an appropriate investmentfor their level of funds and attitude to risk.

			2020			2019
		Endowment	Unrestricted	Total	Endowment	Unrestricted	Total
		Funds	Funds		Funds	Funds
	Note	£	£	£	£	£	£
Income and endowments:
Investment income	3	-	40,311.00	40,311.00	-	30,384	30,384
Other income		-	438.89	438.89	-	278	278
Other incoming resources
Donation received		-	150,000.000	150,000.000	-	150,000	450,000
Additional endowment received		-	-	-	285,433	-	285,433
Income tax recoverable on Gift Aid		-	37,500.000	37,500.000	-	37,500	37,500
		-	228,249.89	228,249.89	285,433	218,162	503,595
Expenditure on:
Costsofraising funds
Investment manager's fees		769.79	=	769.79	700	-	700
Charitable activities	4	=	62,091.35	62,091.35	-	68,162	68,162
		769.79	62,091.35	62,861.14	700	68,162	68,862
Net income/(expenditure) before	net
gains/(losses) on investments		( 769.79)	166,158.54	165,388.75	284,733	150,000	434,733
Net gains/(losses) on investments		50,710.00	=	50,710.00	59,119	-	59,119
Net income/(expenditure)		49,940.21	166,158.54	216,098.75	343,852	150,000	493,852
Transfer between funds	8	:	=	n	z	=	=
Net movementin funds		49,940.21	166,158.54	216,098.75	343,851	150,000	493,582
Reconciliation of funds
Total funds brought forward		1,208,800.09	149,903.68	_1,358,703.77	864,949	(97)	864,852
Total funds carried forward		1,258,740.30	316,062.22	1,574,802.52	1,208,800	149,904	1,358,704

Balance sheet 30 September 2020
			2020		2019
	Note	£		£	£
Fixed assets
Listed investments at market value	2			1,424,450.00	1,201,100
Current assets
Investment managers’ accounts		58,941.97			41,602
Income tax recoverable on Gift Aid		75,000.00			37,500
Bank balance		55,277.58			115,761
		189,219.55			194,863
Liabilities
Creditors: amountsfalling due withing one year
Loan from Mr CJ Marks		31,463.03			31,463
Legal charges		924.00			924
Accountants’ and independent examiner's charges		6,480.00			4,872
		38,867.03			37,259
Net current assets/(liabilities)				150,352.52	157,604
Net assets				1,574,802.52	1,358,704
Allocation of the charity net assets:	1
The net assets are held for the various funds as follows:-
Expendable endowment				1,258,740.30	1,208,800
Unrestricted income funds				316,062.22	149,904
Total charity funds				1,574,802.52	1,358,704

Statement of Cash Flows For the year ending 30 September 2020
		Total	Total
		Funds	Funds
		2020	2019
	Note	£
Net cash usedin operating activities	12	126,246.86	406,663
Cashflows from investing activities:
Dividends andinterest from investments		40,311.00	30,384
Proceeds from sale of investments			294,471
Purchase of investments		( 172,640.00)	( 305,419)
Other income		438.89	278
Net cash providedbyinvesting activities		(131,890.11)	19,714
Cashflows from financing activities:
Donations and legacies		150,000.00	150,000
Net cash provided byfinancingactivities		150,000.00	150,000
Changein cash and cash equivalents in the reporting period		144,356.75	576,377
Cash and cash equivalents brought forward		157,362.95	53,919
Cash and cash equivalents carried forward		301,719.70	630,296
Representing:
Investment managers’ bank accounts		58,941.97	41,602
Bank accounts		55,277.58	115,761
		114,219.55	157,363

2.	Fixed asset investment	2020	2019
	Market value at 30 September 2019	1,201,100.00	845,600
	Additions	172,640.00	590,853
	Disposals	-	(294,472)
	Net realised investment gains/(losses)	-	9,038
	Net unrealised investment gains/(losses)	50,710.00	50,081
	Marketvalue at 30 September 2020	1,424,450.00	1,201,100
	Investments in the UK	1,424,450.00	1,201,100
	Investments outside the UK	—_—	7 —_
	Historical cost at 30 September 2020	1,088,133.37	915,493

4.	Charitable activities	2020	2019
	Grants and donations (note 5)	57,393.00	65,133
	Governancecosts (below)	4,698.35	3,029
		62,091.35	68,162
		2020	2019
	Legal charges - 2018	-	*
	Accountants’ charges	4,200.00	1,872
	Independent examiner's charges	-	720
	Bank charges	498.35	437
		4,698.35	3,029
5.	Material Donations
	Thefollowing donations were madeto institutions	during the year
		2020	2019
	Foundation Scotland	=
	Network for Social Change	55,793.00	63,233
	The Finding Network	800.00	=
	Ethical Giving	800.00	1,900
	Donations to Charities
	Support Services
	Foundation Scotland	=	a
	Social Welfare
	Network for Social Change	55,793.00	63,233
	The Finding Network	800.00
	Ethical Giving	800.00	1,900
		57,393.00	65,133

2020	Endowment	Unrestricted	Total
	Funds	Funds	Funds
	£	£	E
Tangible fixed assets	1,424,450.00	-	1,424,450.00
Net current assets	(165,709.70)	316,062.22	150,352.52
	1,258,740.30	316,062.22	1,574,802.52
2019	Endowment	Unrestricted	Total
	Funds	Funds	Funds
	£	£	£
Tangible fixed assets	1,201,100.00	-	1,201,100.00
Net current assets	7,700.09	149,903.68	157,603.77
	1,208,800.09	149,903.68	1,358,703.77
Reconciliation of net movementin funds to net cash flow		from operating	activities
Net movementin funds Deductinterest income shownin investing activities (Deduct gains)/ add back losses on investments Increase/ (decrease)in creditors Net cash usedin operating activities		2020 216,098.75 ( 40,749.89) ( 50,710.00) 1,608.00 126,246.66	_ 2019 493,852 ( 30,662) (59,119) 2,592 406,663

NetIncome		£			2,552.00	2,552.00	2,726.00	2,726.00			2,233.00	2,233.00	4,320.00	11,831.00			7,040.00	7,600.00	6,160.00	7,680.00	28,480.00	40,311.00
Market Value	30/09/2020	£												518,850							905,600	1,424,450
Profit	(Loss)	£												0.00							0.00
Cost	(Proceeds)	£						172,640.00						172,640.00							0.00	172,640.00
Book Value	£			305,419.35					172,640.00					478,059.35		610,074.02					610,074.02	1,088,133.37
Holding				290,000.000					160,000.000					450,000.000		800,000.00					800,000.00
			Sarasin & Partners Llp	Climate Active Endowment A GBP Dis	25/11/2019 Dividend - paid gross	28/02/2020 lend - paid gross		19/05/2020 Purchase		25/05/2020 Dividend- paid gross		25/08/2020 Dividend - paid gross			Sarasin & Partners Lip	Endowment A GBP Dis	25/11/2019 Dividend - paid gross	28/02/2020 Dividend - paid gross	25/05/2020 Dividend- paid gross	25/08/2020 Dividend- paid gross		TOTAL: