## ## |`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:`|