Charity règlstralion numb•r SCO52763 Iscodandl
THE JESS THOMPSON TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

THE JESS THOMPSON TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
IApFY)inted 21 August 20231
Charity riumber IS¢ottandl
SC052763
Auditor
MMG Archbold Limited
78-84 Bell Street
Dundee
DD1 1RQ
Soll¢itoY•
Irvin9 Godde8 WS, S(Aicf(ors
25 West High Street
CRIEFF
PH74AU

THE JESS THOMPSON TRUST
CONTENTS
Page
Trustees, report
Slalemenl of trustees. responsibilit￿$
Independent audltorfs report
Slalernenl of finanryal activf(ies
Balance sheet
Stalernenl of cash flows
Notes to the financial statem￿t$
10-14

THE JESS THOMPSON TRUST
TRUSTEES. REPORT
FOR THE PERIOD ENDED 31 MARCH 2024
The trustees Present thalr annual rèport 8nd finanaal statements for the Period end¢d 31 March 2024.
Tho financial ststsmenls have been prepared in 8rLord8nce with the accounting polries set out n note 1 to the
financial 5taternents and comply with thè trust's goveming document, the Charities and Trustee Inwstrrént
(Scotlandl Act 2005, Ihe Chaiilie5 Accounls Iscotlandl Regvlations 2008, FRS 102 'The Financlal Reportlng
Standard applicèble in the UK and Republic of Ireland" and the Charitie$ SORP 'Accounling and Reporting by
Charitias." Slatèmenl of Re¢c*mmendod Practice applicablg to ¢haritlO8 preparing their accounts in accordance wrth
the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021".
ObJ•ctl¥8s and a¢tlvSti
The Trust was established to prO￿￿e financial 5UPPOrt ID charitable organisats'ons engaged in a&sisting wrth the
treatment or research of kidney disease, as per the donor's express wishes. Specifi￿lly. some fvn(ts must be used
for the Iraatmènt of kldney-3s$ociated diseases, including the provtgion ol kidney ¢Jialysis ma¢hine8 foi home use.
The Tiusl does not undertake direct tharilabl8 activities bul opefales Sole￿ 8$ a grant-making entity. The tru$lees
will identsfy and drslribut& funds to or9anisation$ best suited lo fvffilling the charitls purpose.
Achlevom•nts and p•rfonnance
Significant activilies and èchiev&m¢nts against obj8cfr"v&s
As this is the Tru51's first year c*f operation, tt)e primary f¢cu5 has been on estab￿ShIng govemance structures and
identifying suitable recIp￿nI chariiies. At the lime of reporting. no distributions have been rnade, but thè truste¥s
remain committed to disbursing the avallable fvnds expedienty to ippropriate organisations.
Flnanclal rovlgw
The Trust received a legacy of £1.772.U28 from the eslale of Jess Thompson. At 31 March 2024. Ihe Twsl held lotal
assets of £1,816.316. whi¢h includes bank interest accrued on deposits.
Unreslrlcted ReseNes al year4nd.' £1,804,316
Inve5trnenl Income.. Derived solely from bank intei¢s1
Rè$lricted or designated funds.. None
Given the nature of the Trust, there is no inlenllon lo generate arjdlllonal income through fundraislng or invèstments.
The Iru31ee5 intend to distribute the fijnds lo appropriate charitie5 in accordan￿ with the Trust's objectives and
5ub$equenUy wind up tho charity-
R8sgNgs p￿1¢Y
The Trust holds unrestricted reserves lo fulfil its charitable purpose. Sinca all ltsnds are irnlèndod f¢y distribution as
soon as pra￿1￿1. there is no ongoing reserves policy beyond ensuring cienl liquidity for professional fees.
outlays and grant payments.
Plan8 for future period$
The Iruslee5' primary objeth've is to identify suitable thar(fable organisati0Tr3 aligned wth the Trust's purpose and to
di$tn'bLrte ftjnds in accordance with Jèss Thompson'$ wishes. Once all funds have been allocated, the Trust will
Proceed with its plann&d wnd-up.
Structure, govemanc6 and managemef>t
The Jess Thompson Trust was established by deed of trust and operates as a ¢hartsble trust. The govemance of
thg trust is the rasponsibility of the appointed tTUStees, who oversee its activilies In accordance with the trust deed
and ralèvant lègal and regulatory requirements. The trustèes have absolutè discreb.on in di51ribu*'ng funds to
charitable In5tituticsns SUPPOrting Ihe Ireatmènt and rèseaich of kidney disease, in line with the wishes of Ihg late
Jess Thompson.
The trustees who served durinq the Period and up to the date of sianature of1he financial slatements werg.

THE JESS THOMPSON TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
ReGnJitment and app￿￿tment of tnjstsès
Tru$lee5 are appointed by the axisting trustse8, in aexordance with the terms of the trust deed. The appointment
process indudes..
Identifying 8uilablts candidates with relevant experien¢e in charty govtrTnance, financtal management. and
he21thcare-related grant-making.
Assessing prospective trustees against the needs of Ihe Tnjsl. in¢luding their ability to o)ntribute to tho
effective management and distribution ol fund5.
A fom)al appToval pro¢es8 by tho exi8tsng trustees, ensuring that al appointments abign wth the ¢haritable
objectives ofthe Trust.
There are no external bodies ￿ indivwjuals with 1he auihority to appoint trustees lo the Trust. The trustees retain fvll
disryelion over appointments, and all new twstees are pro￿lded with an Induction covering their legal
responsibilrb'es, the 9ovafnanca framèwoth, and Ihè eh8rilable obiecbve5 of the TTLlSt.
The trustees, re
ortwaga
mvgd b
e 8oaid of Trustees.
Tru$te•
Date..

THE JESS THOMPSON TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE PERIOD ENDED 31 MARCH 2024
The trustèès are re4)onsible for preparing the Trustees, Report and the financial stalernenls in accordance with
applicablg law and United ￿'ngdoM Accounting Sland8rd5 (United Kingdom Generally Accepted Accounting
Pra¢licel.
The law applicable to charities in Scotland Tequires Ihe trustees lo prepare financial statements for each financial
Period which give a true and fair view of the state ol affair5 of the trust and of the incoming resources and
application of resources of the trust for that Period.
In preparing these finanaal statements. the Iruslees are required to..
select suitable accounting poli¢ies and Ihen apply them consistently.,
obsetve the mèthods and principles in the Charities SORP.,
makè judgernent5 and estimates that are reasonable and prudent..
slate whether applicable accounting standards have been followed, subject to any material departures disdosed
and explained in the financial statements." and
prepare the financial statements on the golng ctsncèm basis unless it is inappropriatè to presume that the charity
will continue in op6ration.
trustees are responsible for keeping sufficiènt accoun￿n9 records that disctose with reasonable accuracy at any
lime the financial p0511ion of the trusl and enable them lo ensure that the financial statements comply with the
ChaTrtie5 and Trustee Investment IScotland} Act 2005, the Charities Accounts (Scotlandl Regulations 2006 and the
provisions of the trust deed. Thèy arè also responsible for safeguarding the assets of thg trust and hence for taking
Teasonable steps for the prevention and detection of fraud and other irregulariti'es.

THE JESS THOMPSON TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE JESS THOMPSON TRUST
Opinion
We havè audited the financial stalemonts of The Jess Thompson Trust Ilhe 'lrusl'l lor the Period ended 31 March
2024 which cornprise the statement of finanual aclivilies, the balance sheet, the siatement of cash flows and notes
to the financial statements, induding signific8nl accounting poliaes. The financial reporting framework that ha$ been
applied in their preparation is applicable law and United ￿ngdoM Accounting Standards. induding Financial
Reporting Standard 102 The Financff81 Repoknng Standard applicable in th& UK and Republ￿ of Ireland (United
lfjngdom Generally Accepted Accouniing Practice).
In our opinion, the financial statements".
give 8 true and fair view ol the state of thè tharity's 8ffair5 as al 31 March 2024 and of its incoming resourcès
and application of resources, for the Period then ended.,
have been properly prepared in acLordancè with Llnile¢J Kingdom Generally Accepted Accountsn9 Practice,.
and
have been prepared in accordance with the Charrtaes and TIu51ee Investment (Scollandl Act 2005 and
regulation 8 of the Charities Accounts Isctsdandl Regulations 2(X)6.
Basis for oplnlon
We conducted our audit in accordan¢g with Intemation81 Stsndards on Auditing (UK) {ISAs IUK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorts ￿sponsibl111￿&S lor th& audit of
Ihe financial stalemenls section of our report. We are independent of the trust in aecordance with the ethical
requirements that ara rèlévant lo our 8udil of the financial statements in the UK, including the FRC'S Ethica5
Standard. and we have fulfilled our other ethical responsibilities in accordance with thése requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to pro￿￿e a basis for our opinion.
Con¢luslon$ relating to going conc•rn
In auditing the finaneial slatemenls. we have conduded that thè tnJstèe5' use of the going concem basis of
accounting in the preparation of the financial statements is appropriatè.
Basèd on the work we have performed, we have not identified any material uncertainties felating to events or
¢ondrtions that. individually or collectively, may cast significant doubt on the trust's ability to continue as a going
¢on¢ern for a period of at least ￿e1ve months from when the financial statements are authorised for issuè.
Our responsibilits'es and the responsibilities of the trustees with respect to going concèrn are described In the
relevant sections of this reporL
Other information
The other infomiation comprises the infomiation included in the annual report other than the fjnancial 51alernenls
and our auditors report Ihereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements doès not cover the other information and we do nol express any form
of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider
whether the other information is materially inconsislenl with the financAal statements or our knowledge obtainèd in
the course of the audit, or otherwisè appears to be maleiially rnisstated. 11 we identify such material inconsistènaes
oi apparent material misstatements, we are required to determine whether this gives rise to a material misstalemenl
in the financ+al statements themselves. If, based on the work we have performed, we ¢ondude that there is a
material misstatem6nt of this other information, we are required to report that fa￿.
We have nothing to report in this regard.
Matters on whlch we ar• requlr•d to report by exception
We have nothing to report in respect of the following matters in relation lo which the Charities Accounts (Scotlandl
Regulations 2006 requires us to report lo you rf. in our opinion..
the information given in the financ¢al statemonls is inconslslenl in any material respec* the trustees,
report., or
proper accounting records have not been k8Pt,' or
the financial statements are not in agreement with the a¢￿untIng records.. or
we have not receiveil all the information and explanations we require for our audit.

THE JESS THOMPSON TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE JESS THOMPSON TRUST
Responsibilities of trust•es
As explained more fijlly in the statemènt of trustees, respon5ibilf(ies, the trustees are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for su¢h internal control as
the trustees detemine is necessary lo enable the preparation of financial statemènts that are free from rnalerial
misstatement, whether due lo fraud or error. In preparing the financial slalemenls. the Iruslees are responsible for
assessing the trust's ability lo continue as a going concem, disclosing. as applicable, matter5 related to going
concem and using the going concern basis of accountiny unless the Iruslees either intend to cease operatr'on$. or
have no realistic allemalive but to do so.
Audltorfs rospon$lbilltlès for the audit of the financlal statèmonts
Vve have been appointed as 8udilor under section 44{1llcl of the Charities and Trustee Investment Iscotlandl Act
2005 and rèport in accordance with the Act arjd relevant regulations made or having ellect Iheieunder.
Our objectives are lo obtain reasonabla a$$urance about whether the financyal statements as a whol& are freè from
material misstatement, whether due to fraud or erTor. and to issue an auditor's report that indudes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always dèled a material misslatemenl when it exists. Misstatements can artse frorn fraud or
error and are considered m8leri81 rf, individually or in the aggregate, they eould reasonably be expected lo influence
the economic deusions of users taken on the basis of these finan¢ial stslemenls.
The 8Xtenl lo which OUT proCedU￿S ar8 capable ol detecting irregularitses, induding fraud, is detailed below.
OurApproach to Identlfylng and AvJes3ing Risks of Irregularfties, Including Frdud
In identrfying and a5SgSsing risks of material misstalemant in thg financtal slalemenls due lo irregularities, induding
fraud, wè..
Obtained an understanding of the legal and regulatory framework applicable lo the Trust and considèrèd
¢offlpliance with relevant laws and regulations, induding charity law and financial reporting requirements.
Considered the susceplibility of tha financial slalements to material misstatement due to fraud by
evaluating management override ol controls, potential bias in accounting 6Stimates. and the risk of
fraudulent transactions.
Reviewed the control envir(>nmenl lo assess the effectiveness of policiès and pro¢¢durès in prevents.ng and
delecting fraud and non-compliance.
Audlt Pro¢edures Perfornied to Address Irregulariti•$, In¢luding Fr¥ud
Our audi( procedures included..
Reviemng minutes of Iruslee meetings for evidence of any concems regarding fraud or non-compliance.
Making direct enquiries with trustees and management regarding awareness of any a¢tual Of Suspected
fraud or irrègularities.
Anatysing bank transactions for any unusual or unexpected activity.
Testing joumal entries and other adjustments for appTopriatene55, assessing whether they were indicative
of management override of controls.
Reviewing financial siatemant disdosures lo ensure compliance with applicable laws and regulations.
Irregularities, including fraud, can Involve sophisticated concealment through ¢olluwon. forgery, intentional
misrepresentstions, or override of controls. As a resuli, even an èffediw audit may not dola¢t all irre9ularilEs,
particularly where there is deliberate fraud.
We have designed our audit procedures to detect material rnisslatements in the financial statements. whether due
to fraud or error. However, there is a higher inhérènt risk in detecting irregularities arising from fraud comp8red lo
errors, gwen the nature of fra(￿Ule￿I acb'vities.

THE JESS THOMPSON TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE JESS THOMPSON TRUST
A ftjrther description of our responsibilities is available on the Financial Reportin9 Councd's website at.. httpsjl
www.frc.org.ukJauditorsrespc*nsibilities. This description forms part of our audilorfs report.
Use of our report
Thi5 report is made solely to the tharlty's twslees. as a Iiody, In seeordance wrth Regulation 10 of the Charftles
Accounts {ScoUand} Regulation3 2006. Our audit work has been undertaken so that we might state to the ¢harity'$
trusteos those mattars we are rgquired lo stale lo them in an auditor's report and for no other purptsse. To the fvllesl
gxt8nt peimittèd by law. WÈ do ntst accept or assume responsibility to anyone othèr than the charity and the chairty'$
Iruslees a5 a body, for our audit work, for this report, or for tho oplnlons we have fonned.
For and on behalf ol MMG Archbold Limited. Stalulory Auditor
Chartered Accountants
7&84 Bell Street
Dundgè
DD1 1RQ
Date.. ..
MMG Archbold Limtled is eligible for appointment as auditor of the trust by wrtue of itJ eligibility for appointment a3
auditor of a company under se¢tion 1212 of the Companies Act 2006.

THE JESS THOMPSON TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 MARCH 2024
UnTg5tricted
fund$
2024
Notes
Ineom• from:
Oonations and lagauès
Investments
1,772,028
44,288
Totsl In¢om•
1,816,318
Experiditure on:
Charitable actiwlie5
12,000
Total •xp8ndltur•
12,000
Net Sncome and movement In fvnds
1,804,316
Reconciliation of funds:
Fund balances at 21 August 2023
Fund balancas at 31 March 2024
1,804.316
The slalement of finanaal activkiès includes 811 gains and losses recognised in the Period. All income and
expenditure deriva from contsnuing activitie5.

THE JESS THOMPSON TRUST
BALANCE SHEET
AS Af31 MARCH 2024
2024
Not•s
Current a•èts
Debtors
Cash at bank and in hand
11
635
1,815,681
1.816.316
112.000}
Crndltorn: amounts lalling due within ong year
Ngt curront assgts
1,804.316
Th* fund$ of the trust
Unrestricted funds
13
1,804,316
1.804.316
The
ncial sta
ents we
roved by tho Iru$ttre*S on ........
Truste

THE JESS THOMPSON TRUST
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 MARCH 2024
2024
Not•s
Cash flows from oporatlng activitie$
Cash generated from op&ration$
15
7,771,393
Investlng actlvlttos
Investment income recèived
44.288
N•t ¢4¥h generatsd from inv•sting aetivlti•$
44,288
N•t cash gen•rat•d from financing actlvities
Not In¢￿a$e in cash and cash oqulval¢nts
1,815.681
Cash and cash equivalents at beginning of Period
Cash and cash equivalents at •nd of Pèrlod
1,815.681

THE JESS THOMPSON TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
Accounting pollcl•8
Charity rnfonnation
The Jess Thompson Trust is a Charitable Trusl conslitutad by a Deed ofTwsL
1.1 Reporting perfod
Thtrse financial statements cover the period from 21 August 2023 10 31 March 2024, being the first period of
the charity's operations. As a resuK. the finw)cial slalemenls do not cover a fv$1112 months. Consequently,
Ihere are no comparative figures ￿esented in these accounts.
1.2 Aceountlng convention
The finanaal statÈmenls have been prepared in accordance with the Irusfs goveming dowment. the Charities
and Trustee Inve5trnenl (Scotlandl Act 2005, the Charitiès Accounts Iscodandl Regulations 2006, FRS 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP
'Awountsng and Reporting by Charitiès". Statement of Recornmended Praciice applicable to tharities
preparing their accounts in accordance with the Finan￿81 Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021" The trust is a Public Benefit Entty as deffined by FRS 102.
The financial ststemenls are prepared in sterling, which is the functional currency of the trust. Monetsry
amounts in thgse financial ststements are rounded to Ihe nearest £.
The financial statements have been ￿pared under the historical ¢051 convention. The princApal accounting
policies adopted are set oul below.
1.3 Golng concem
Al the lirne of approwng the financial statements. the Iruslees have a reasonable expectation that the tnjst
has adequate resources to continuè in operational e￿StenCe for the foreseeable future. Thus ihe Iruslees
continue to adopt the going concern basis tsf accounting in preparing the financial statements.
1.4 Ch•ritsble funds
Unréstricted lund5 are available for use at the discretion of the Iruslees in furtherance of their charitable
objectives.
Rastricted fund$ are subject lo speafic conditions by donors or grantors as lo how they rnay be used. The
purposes and uses of the restrided funds are set out in the notes lo the finanrial Statements.
Endowment fund5 are subject to spe¢ific conditions by donofs that the capital musl be maintsined by the trust.
1.5 Incomo
Income is recognised when the trust is legally entitled to it after any p6rformancè conditions have been mel,
the amounts Ixn be measured reliabty. and il is probable that Income will be ￿ceived.
Cash donations a￿ re￿gnISed on receipt. Other donations are recognised once the trust has been notified of
the donation, unle55 performance condits'ons require deferral of the amount. Income tax recoverable in Telation
to donations received under GrfÉ Aid or deeds ol covènant is recognised al the lime of the donation.
Lega¢ies a￿ re¢o9nised on re￿Ipl or otherwise if the trust has been notified ol an impending distribution. the
amount Is known, and receipt is expected. If the amount is not known, the legacy 15 Irealed as a contingent
asset.
10-

THE JESS THOMPSON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
AccountSng policies
Icontinuedl
1.6 Expènditure
Expenditurè is recognised orKe there is a legal or constructive obligation lo transfer economic benefit to
third party, il is probable th81 a transfer of econom￿ benefits will be required in settlement, and the amount of
the obligation can be rneasured reliably.
Expenditure is classified by adiwty. The costs of each ath'wty are made up of the total ol dirèct Costs and
shared costs, including support ¢osls Involved in undertaking ea¢h a¢tivrty. Dlre¢t costs attribul8ble to 8 single
aciivity are allocated dire¢tly lo that activity. Shared costs which coNtribute lo more than one activity and
support costs which are not attributable to a single actiwty are apportioned between those activities on a basis
consislenl with the use of resources. Central staff costs afe allocaled on the basis of time spent, and
d&predalion ¢harges are allocated on the portion of the asset's Ljse.
1.7 Cash and cash equivalents
Cash and cash èquivalents indude cash in hand. deposits held al c811 wf(h banks, other 5hort-lemi liquid
investménts with original rnalurilies of three months or lass, and bank overdrafts. Bank overdrafts are shown
within boriowing5 in current liabilities.
1.8 Flnanclal Instruments
The trust ha5 eleded to apply the provisions of Section 11 'Basic FinancAal In5trurnents' and Section 12'0thar
Financial Instruments Issues, of FRS 102 to all of Ils finanaal instruments.
Financial instruments are recognised in the trusf5 balance sheet when the trust becomes party lo the
conlractual provisions of the instrument.
Financial assets and liabilitlÈS are offset, wth the net arnounts presented in the finantyal ststemenls, when
ther6 is a legally ènforc8able right to set off the recognised amounts and there is an intention lo settle on a net
basis or lo ￿alIse the asset and settle the liability simultanèously.
Basff¢ financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and arè subsequently carried al amortised cost using the effective
interest rnelhod unless the arrangement eonstilules a financing transaction, where the transaction is
measured al the present value of the future re￿IP1S discounted al a market rate of interest. Finanaal assets
classified as ieceivable within one year are not amortised.
Basic financial liabllities
Basic financial liabilities, induding Creditors and bank loans are inits'ally recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt Ir15trument is measured al the present
value of the future payTnenls discounted at a market rate of Interest. Fbnanaal liabiif(ies ¢18ssified as payable
within one year are not amortised.
Debt instruments are subsequentjy carri&d at amorb.sed cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operalions from supplièrs. Amounts payable are classified as current liabilities if payment 1$ due within one
year or less. If not. they are presented as non-currenl liabilities. Trade cred￿loTS are reeognised inilially at
transaction price and subsequently measured at amoru'sed cost using the effective interest method.
Derecognltion of financial Ilabllltle$
Financial liabilities are derecognised when the Iru$l's Contractual obli9alions expire or are discharged or
Cancelled.

THE JESS THOMPSON TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Crltical accountlng ostlmates and ludg•m*nts
In the application of the Irusl's accounliThJ policies. the tnjstees are required to make judgernents. estimate5
and assumptions about the carrying amount of assets and liabilrftiès that are not ieadily apparent from other
sour￿5. The eslimales and assoaated assutnplions are based on historical experience and other factors that
are ¢onsidered to be relevant. Actual results may differ from these eslimale5.
The estimates and undedying a55umptsons are reviewed on an ongoing basis. Revtsions to accounting
estimates are re¢ognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the rgvision and future pariods where thè ￿vIsion 8ffecls bolh current and future
periods.
Income from donations and Ipgaci•s
Unrestricted
fund¥
2024
LegacAes
1,772,028
Incom8 from Inv•$tm•nts
Unrestricted
fvnds
2024
Interest rewvable
44,288
Expenditure on charltable a¢tivillè$
Total
2024
Dlrèct ¢osts
Shar• of Support and govemance costs (see note 61
Govemance
12,000
Anatysls by fund
Unrestrictsd funds
12.000
Support ¢o$ts allocated to activlties
Total
2024
Govemance
12,￿0
12

THE JESS THOMPSON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
Support costs allocatsd to a¢tiviti¢$
Icontinuedl
2024
Gov8rnanc• Costs Comprise:
Audit fees
Accountancy
8,400
3,600
12.000
The Accountancy fees r&pre5enl non-audil serV￿S provided by the Trnsfs Auditor
Net movement In funds
2024
The net movement in fund5 15 Staled after chargingllcreditingl..
Fees payable for the audit of the charitys financial statements
8,400
Tru$tse$
None of the trustees lor any persons connected wth them) rece￿ed any remuneration or beneffts from the
trust during the Period.
Employeès
2024
Numb•r
Total
The charity had no employees during the period. No remuneration or bènefrts We￿ paid lo any trustees or key
managèment pèrsonnel.
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
Thè ¢harty is exempt from iaxation on its activlties because all ils in￿rne is applied for charitable purposes.
11 Debtors
2024
Amounts falling due within one y•ar.
Other deblors
635
13-

THE JESS THOMPSON TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
12 Cr•dltors: amounts lalllng due within one year
2024
Accruals and dèfèrred income
12,000
13 Unre$trl¢tsd ftsnd$
The unrestricted funds ol the ch8rily wmprise the unexpended balances of donations and grants which are
not subject to specific conditions by (6onor5 and grantors as to how they may be used. These include
dèsignated funds which have been sel aside out Of unrestricted fijnds by the Iruslee5 for speciffc purposes.
At 21 August
2023
Incoming
resources
Rosources At 31 Mareh
gxpèndod
2024
General funds
1,818.316
(12,0001
1.804,316
14 Related party tran$a¢tion$
There were no disrjosable related party transactions during tha period.
16 Ca$h gonerat•d from oporntlons
2024
Surplus for the Period
1,804,316
Adjustments for.
Investment income recognised in statèment of ffinancial activities
{44,2881
Movements In worklng ¢apltal,.
Iln(Yeasel in debtors
Increase In credsiors
(6351
12,000
ash generated from opèrdtion¥
1,771,393
16 Analysls of ¢h#nges in net fundslldebt>
The trust had no material debt during the year.
14-