2021-01-31-accounts

THE MRS SMITH & MOUNT TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 REGISTERED CHARITY NO: 1009718 The Mrd Srrth & MartTru5t

THE MRS SMITH & MOUNT TRUST CONTENTS Pa90 Legal and Admlnistr8Jvs Infomi8t Annu81 Report ofthe Tru*ae8 Ir￿eper￿kn￿ ExaminB￿ Rep¥xi 10 ststemenl of FInar￿181 Acllvities 11 Balance Sheèt 12 Note8 to the Accounts 13

THE MRS SVATH a MOUNT TRUST LEGAL AND ADIAINISTRATIVE INFORMATION TRUSTEES: PRINCIPAL OFFICE: T B war￿n- Chaimian G M Gorell Bame3 Swshep A Winter H ￿￿ltehead lappointed 21 August 20201 C MCkenZ￿ l¥Jpointsd 30 Marth 20211 The Trust Partnership 6 Trull F8m Building8 Tatbury Gloucester8hwo GL8 8SQ CORRESPONDEPU: INVESTMEMT MANAGERS: Mr8 J L Day and Mr8 S Illor8t•r The Trust P8rlrnrshl) 6 Trull Fam Bulldings Tetbury GIou￿torshIr8 GL8 8SQ Qultter Chemat Sonator Houae 85 Qugon W￿10￿ Street London EC4V4AB BANKERS: INDEPENOENT EXAMINER: CAF Bank Ltil 25 Kings Hlll Avenu• Klngs Hlll Wtrsl Malllng Kent ME19 4JQ Pdce LLP Tennyson House Cambridge Bu$lness Park CambrNlge C84 OV REGISTERED CHARrrY NUMBEFi' 1CM)9718

THE MRS SIITH & IAouKr TRLIST ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 2021 ISSION STATEMENT "A88iBting disadvantaged people Iwdrds Wor In(pe￿￿ ￿ a better qualty of lrfe" REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2021 The Tru8tse8 pre50ntthe ann￿1 reportgndfinartoal ststwnwts thaiity forth8Year•r￿￿d 31 January2021. The financial statements have been prepared In a￿)rdan￿ wth the accounting polieies set out in note 1 to the accounts and ccfflply the Ch￿￿$ Irusl deed, the Charities kt 2011 ond Aw)unting and Reporting try Charities.. Ststemenl of Reccfnmended Pr￿l￿ 2019. STRUCTURE, GOVERNANCE AND MANAGEIAENT Th• Mrn Smlth & PAount Tru8t wa8 fcYm&J ty dwl M th• 3111 Jonuary 1W2, aThJ regi8tared ￿th th8 Charfty Commission on 11th March 1992. as the resuh of the ama￿arroth)n Of￿ tru8ls, namety The Mrs Smrth Fund and The Mount Trust. The Trustees hav8 thg pryw¥r to synd or retsin both capital and incm and so the funds ol tho Trust aro Classed as exp8ndabb end0￿￿nt The Trust dotss nol fundrai8e and 88ek8 to eonlinue its charitable work though ￿reful Siewardship cl ils ret(wr￿. Appointment of TTUStee8 is by invitsthj) of the exi3ling Trustee8 and subjo¢t lo a satisfadory inteTview. ProsFdive ne14 Trustees are invited to attaftd Tw$to0 MeetmgB prKJr lo fumal appointment tor knjuction and trainlng purposes. Th8 Trusteos constantly revivw the 5kilL8 required by the in c¥der to carry out the objeci8 01 tho Tru¥tlo bgsteffe¢t. They a￿ hcs)ing to expandthe board in the ￿mIng yeals to enBurelheTru8t k8equipped to meet ItKreas•J nY8 of their bentharlas in the futur8. Durfng the year Chrt8tlno Mckenzl8 wa8 in10rvith￿d gnd wbsoqL• invibj to a TTUSt•e of the Trust. The forna11$8tlc￿ of her appolntmènl Icok place in November 2020. Tro Tru8tee8 knjk to rJTklng with Chri8tine and are gratélul lor her kr￿￿lledge d the NHS and psychotherapy. 08JECTIVES AND ACTIVITIES FOR THE PUBUC 8ENEFIT The Ob￿th oflhe Tru81 are for Such caritable purposes as shall from thile totime ￿ detennkned by the TTu$tee$. In accordance wrth their 'Mission Statem￿￿ the Trustees ach￿Ve these ¢tjects by making grants to othgr regi$tgrgd charitios. In setting th￿1 grant making policy and Wh￿ rnviewing the Trust'8 ain8 and ¢)bjg¢tives the Trustees confirm that Itw have regard tothe gu￿anCe provJ8d by th• Charity CommlBS)n on publk benofrt. The Trust￿ geek to provKle lunding to tharthes working in their pric¢ty 8rea8 to dallver se￿¢8$ to their larBel ban￿￿arles. Tho Trustees are aware of th8 ￿UCtI)n in central and lttal govemmeTht fundlng provldad to . charittes In recent yearn ar￿. whilst they do not $89k lo repLYe Ihi$ funding, they appreciate Ihal ¢h8ri1ies a 8tnffjgling to ¢wwitti this rgauction in resources. The Trustsas aro8lBo mrndfvl oflhe extra pr8ssur• on charitlè• due to the Coronavirus pandemic and have laken 8lep$ lo wsure Ihat, vthere aFpropriata, their funding has been d￿r￿ted to areas BVJnrf￿ impthd by ts cri¥i$. The Trustees are part￿ULqrtY kogn to support small lo¢•1 tharities and encourage applIcal￿n8 Ircyn thrée ￿rkIng in rural areas. They are also intarst•d in app5ication8 for core funding where a good case can be made ￿ th￿ type of fvnding. TNstees ￿rry out ￿90r0 monloring ot fvnding provided by reviv4¥ of bosthe reports. Th18 helps th? Truslees to ensure their funding being ulilised lo the best effect. Atso, by ensuring the Trusloa bowd has a broatj range of S￿lIS and knowledge of the priorfty areo$ ol the Tru81. tho Twsteeg are confJent they S￿ th to Ihelr fvndiThJ where it is needed Grnnt Making Pollcy The Tru8tee8 have est8blished theSr grant to ￿1&￿¢ their Ob￿ts for the publk bonrfrt and in accordance with the'mi￿1on SlmenY at¥M. The grant trnking pJlw is under constant w•w by thè Truslaes lo ensure that it continues lo meet the objtr ofthe Trust and thereby advances publK benefft. The Trustees are currently rTh)nitoring changes made to their uitoria at the beginning of 2020 to ensure that thw ¢h¥nge¥ have prowded a positwe imp* on grant makiThJ. The Tru3tees alkcate a FortiC￿ of thwr unrestricted income fund annualty to be distributed in accordance wth thè uitÈIia of the Mrs Smith Fund with the balan¢e being distributed in accordance the crrtèrta of the Nkjunl Fund as set out beknv. In recent ygars I￿re has a150 been an unrestrthd designated lund ongirwting frorn a tr￿n Ihe Estate of Mrs P A Spanoghe. A fin81 grant from this fund was allocatgJ during the financi￿ y￿r ended 31 January 2020 bui the pa￿nent of the last instalmenl of this grant has been postponed unbl the fmancial year eTrJing 31 January 2022 due to a delay in reportirg.

THE MRS SMITH & MOU14T TRUST ANNUAL REpoKf FOR THE YEAR ENDED 31 JANUARY 2021 {contlnuedl The Mys Smlth Fund- The Mrs Smith Fund provish)n is distributed by way of bkjck grarts to be allocated by the re¢ipienl$ in accordance ￿th the criteria of th8 MTS Smith Fund which prowded that small grants be madg for the benefft of young people leawng c8re," indtviduats rgtuming to the CLYnmunty after a k)ry stay in residential or hospital czre.. indiwdualB on stats bonafrts in¢omo who Vwe being rethoused or. for those not el￿1b10 for hèlp from Government fijnded grants, wilh the purchase of hou8th￿d fvmthings and equipment, baby equipment and clothing. Reputs are provitsj annualty by ￿Tph?nts on the utiliBation of the ￿ndIng provJed which are consKler8d by the Trustaes tefore fvrther funding i8 authorised. The Trustees keep the criteria of the Mrs Smith Fund under review and make ¢harrfJes a8 to er￿jre grnnts c<￿tinUe to be effectNe in meeting the aimB of the Fund. The Mount TTU•t- The knding prcwkled dwirwJ the ￿ ¥rd8 4reed tn kne with the current criteria as Set out bebw. The Trustges a￿epted aFf$l￿tionS in line with th￿r eyndthre budget through their online application form. thil31 the Trustees do not actNety advertti the TrusL if there is a lack of applicatKJns in resFect of a particular category oi 9￿graPh￿ 8rea, tw will take sleps to encourag8 aFfIl￿at￿S from these 58ctors. pplication8 were considered frorn ￿giSts￿l ¢hantE8 wlk)se b&neficiarw ar8 in Norfolk, Suflolk, C8mbridge8hire, Hertfordshire, E88ex, Ken( Surw and Lorthn, who are wukirMJ in the foJl(ythng areas'. 1) 2) 3) Ment81 Hoa kJmele88n Health in the Ccmmunlty, for regthd ch8ritM wtKAe inc(rfM 18 leBB £5CXJ,OC(J per annum. The Trusto68 focus the fvndirvd ufKler the He81th in the CornmunKy category ts supports'ng core costs of charitte¥ wh￿h meet the financ￿1 crrteria of this cat890ry 8nd Ihot are wking primarity in rural ccfflmunrti8S Within their general gecgraphlcal area. They invrtO ¥Fpli¢ants lo ¥xploin Iwfvnding vrnild ￿ mosl u8thil to with tfr Intentk)n cl maklng lewer largw grants undèr th18 catagory. Th• TNstee8 al80.con8idor8d appeaL8 for prc48¢t cc4ts a8 tdl a8 lor gwwal runnlng CO8ts and 8oLqrknJ for categoth 110 3. Th8 Tru8tees th) not fund bulldiNJ c￿1$ bul ¢onswJw apyo1$ frr I￿rbi$hMents or atsration8 neces8￿ to bling a bullding up lo stsndard to me6t requirem&nts. National org8nisg1iong onty con8ldw&J al branch knl whefe 8eparate #c£cJnl$ 8V8ikbb. Appluli)ns from indryKluals arg not c£n$Ide￿J, ApplaUonB for grants afv onty c4n$hJ•r•d rf S￿)m￿led via th• TnJ8Vs onlkn• 8ppllca¥on fum whlch 18 avalLqb from the TTUSt's webpage www.mTssmttlwndwnc4Jnttru8L Al 8pplutlon8 are Inliialty 888e888d by the Tru8t Admini8trator arHI lurther infonnation IB requeBled as rcesswy. During th& yew nvye than 422 organi8ation$ a¢¢0$8ed the onllne eligibilty quiz wh￿h re8ult&J 130 online apWTCatpJn8. Th• Sp8nogh8 Grnnts Progrnmmo-The funding available undwthll progranvn• hos bwi fulty eornmrttad and no furthor applic8t￿ vrill be Cons•jer￿1. Th•Tru8teg8 Orn ￿t￿￿en1th8tth6 grantm8kwy po￿￿8$ enab￿ themto achknitrtrakn•and cI•¢t￿O$. REVIEW OF ACHIEVEMEiifs ANO PERFORMANCE The benefrt ofthe Trusfs vm a better quallty of life ardlor greater N¥JepaThJence fordisadvantag￿ peopb. Thè Trust￿ met three times in the year and aults)rN•d grants of £305,750 {2Q20. £415.777) 80 set out below. Th• Mrn Smt¢h Fund Grants totalling £18.750 (2(Y20. £12.5￿) were author18ed from Tr Mr8 Smth FurKI in Ihe y89r. Th• Mount Trust Grants frcrfn the Mount Tru8tV•we urKJer the Cu￿1 cffterfa dudThJ tho ffinoncial year. Grants totalling £287,WO12020. £37327n pre athl5￿ to 78 {2020. 641 organMtfv)n8 In &>>)rdanco wlth the Criteria of The Mount Trt￿l in the folhxing cagories:

THE MRS SMrrH & MouNr TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 2021 Icontlnu M6ntal Heallh T￿nty-fOUr grants were 8uthorised under this catwy totalling £105,7C()12020. £140.043). This Includ•d fve grants that will be paid in ￿ annual instslmerts. Of the grants auth￿[￿ under this cat89ory eK4ht were to Charit￿ pTeviousty knuwn lo the Tw8tee8. Twenty-four grants ww• wthorwj under thls ¢ol•gLYy totsning £128,3CQ12020, £58.OIXJ). Thrs inchKled five grants that wlll ￿ paKI in ts¥o annual instslm¢nts. Of the grants du￿riS￿l ur¥Jer this catagory thirteen were to hantie4 pmiousty krvJ¥n lo the TwBtee8. Induded in the gTants noted under Cat￿)ry wa8 a Spe￿1 grant to Housing JtsSti￿ in tho Sum of £20,WO. The Trustee8 were impTe88&J by the wcik of this Charity. part￿laty the sUpp￿t and tr8lnlng given to the devdopment of wnter n•3ht 8hekeT8 and, a$sr￿a to othor ctsrilios work￿9 wilh Iha hcmde88. ReglBtered charflbe8 apptylng under cateqory mu haNp an annu81 income of le85 thon £S00.OW. Thirteen grant8 were aulhorised und8r thi8 cat&Jory tcrtalling £53.00012020, £97.3051. This included grants that will b8 patd in annual instaknents. 01 the grants authLvwJ under IhN catwry three were to charitiès prnmously kn(￿￿ to tho Twstw. Th Tru•8s also sLThlimo8 make oxditknal grants h th• are not accrued or included pending fulfllm•nt ofth• ¢onditlM8. T￿1? w•r• no 0￿dI￿one1 grartts •t t￿ year-end (2020- none). As o11¢)wed by thg djjgcts of the Trust. ffty 8u¢h ¢haritsbl purFKl8•S 0$ shall from lkn)è to tme be deterniin&J by tho Tru8tee8"1. the Tru8tee8 Occ88￿)n&1ty mako gr￿ts mgdo in raspon$e to inlemational disasters. There we no 8uth gTants rnade In the year12020- none). Th• Spanogtte Grants Progr•mme The Trustee8 allocat￿1 the T￿inIng funds from th￿ d￿n9 yw gr￿ed 2020. At the year ènd the folbw¢ng amounts were ¢xtstanding. Fundlng Round Totsl Authorf••d Amount for payment In Flrst ￿￿r￿j Se¢ffid Round Third Round Final LJ8tributA)n £210.O¢J) £143.c(iO £113,000 £30.CQO £4.000 £15.1)00 PERFOFIMANCE The benefit ofthe Trusfs funding 8UPP¢Xt&J ¢harrtw dowing frcrfrt line 3ervw to those groups that the Trustees were tsrgeting in xcordance with thoir miss•￿ $18temgni"Assi5tirvJ di3advantag&J peopte towards greater Inde￿den￿ or a bdter qualty of Irf¥.

THE MRS SMITH & MouKf TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 20211c0ntinu￿} Impacl of granls fTCffi thè MtyJnt FLtrKI:_ The Trusle•s authorised grants throLghout thtlr taw 9gogrnphKa We& Just over40% cl grants ￿re to Charit￿s wor￿"n9 in the London arna. The Trustees wwe Pl￿ tlot t1￿1r fvnding wa5 aL80 reaching charitie8 working in rTr)re ruRi cc¢nmunrtt8s xross thertargd a 13r•lVkn. £2Q1SI.D) (E43.LK 3.141 To1 e12.ViItYJ If29.￿) T(IA V4b, e1lW.tKI 1£31.947) V&,$￿..￿1.l£I2..l47l Teid l>¥1 Vak,' t51.250.0D, ¢£62.m￿l Il￿ V4b."'¢2tyJ.i¥J' ￿1.4981, (knA.V￿. t36.25QXrfJ.'(t'18.1101" Tdd."4>1rt:VV.. Q8.49).ts) (£2P. .£I0.C•X).fKI £19￿(11.. t)oix¥i.rAI ￿0￿Y).1￿) 'aOfft)..C￿.. '£8Dm).D) The Tru8le88 do not restrict th￿r funding and w•crn opp1h￿￿ns for all WrpO￿. ap9rt from capit81 coyts. Thè Tru8leeB wore p￿aSed to be &Jle to prowd• more fvndiro tuwards cort and Saw costs In th8 yoar a8 they feol tho bonefrt of such grant8 are of grtatef value to the reCIp￿nt charity. 11

THE MRS SMITH & IIOUNT TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 2021 Icontinuedl Monitoring MonitOriTrJ is carr1￿1 0￿ one year after the dats of paymgnt of a grant or 81 the end of a projed. whichever soonest. Therefore, the results bdow reLats to gtant funding authtytsed in financial year end￿ 31 January 2020. AJI successful applicants are requeglad to provide a repcrt on the use ofthe fijnding provhJ&J, how rt had b•nofftod the target groups and, any 0xper￿need. An offiual monitoring fom7 15 p￿vId&￿ for the purpose reportitvJ. The fom allow8 the Trusteeslo wsurethe outputs ￿￿Ved againsttsrgets and assgss the outcomes against the stated objectives in the OrKJIn￿ rewt t8 then graded base4J LM) these re8utt8. During the year 8312020, 751 fgports due of whith 7212020, 631 wwe receiveA. These rolated lo grants which had b8en paid during the year ended 31 Jan￿ry 2020 or, in the case of muth-yoar fvnding, an in3talment that had been Pahl during the year. 01 the reports re￿1v&1 21%12020. 6%) vrte judg￿ to have exceed& expectations, 71%12020, 92%) had ￿ley&1 their goaL8 and 8% 12%) had partially succeeded in their aims. Whilst tho Trusloes were d￿app)inted thal a small number of reapionis had b28n partially successlul in meeting the larg81s originalty¢ythlined in Ihe¢r4)plKolb)n. they w¥re not undutyconcemed by thts small ￿r¢￿1t099. Ovefall. they V+Te Satisf￿d that their funding during the ye8r ended 31 January 2020 haj b88n 8ucces8lul In r88thing the grryjps they were tsrgeting tMth thwr grant making pr11￿. There We￿ a few reports outstanding at the year4end wh￿h in the main VAS du& lo stsffing leveb at ￿lpIp￿t charities due to COVID rsstrEtlon8. Attgmpls contynu8 ¢0 ￿ mwl• lo cètwn the8e T8￿rts. Relating to grant8 authorised beftre 31 Janua 2020 Monrtoring report8 due Monrtoring report8 rerwl Perforrnance Exrthded targets Achi6ved t8rgets Partsally 8uc¢e$$ful Unsuccessfttl Comparth fvJure8 in brack Hoath in the Spanogh• Grants ramme Mrn Smth Fund 2{21 2{21 Mental Leamlnq Disabilities 28130) 26123) 18{13) 15 {12} 14{131 12(111 181111 1419) 3181 3{6) 5(1) 19122) 21-) 3{-1 10{111 211 5121 5191 2111 12181 3161 2121 The Trustee8 have been mindhjl of tha offe¢1 of t￿ Pand￿)k on ￿1p￿nts of grarts during tha wr oThJ8d 31 January 2021 and, whefe pos$ibb. have been flexiblè in the use and1￿ ddNary of such funding. The full iryact on the use of grant5 during the p8ThJemk wll be Seen in the anatysis of monrtorin9 reports r￿v￿a during th currant year and reported In ttr 31 January 2022 annual T8￿rt fiMnci&l at•rrrts. FINANCIAL REVIEW The Trusf3 work 18 dependent on inccffie Imm its invostments. The ¢9pital fund ot the Trust L8 an expendable •ndMn8nt 8nd whilst the Trust ￿ not operabng on a trrtal rebjm b8w th¢ Tru$lee$ •ffj to transfer fund8 when nè8d èxce&JB inccffle. During the year, £242,2CQ tas transle¢r&J br g￿nI makiTrJ12020.' £50,000). A gacy racaived in the year end￿ 31 January 2020 Tr￿Uc¢d ts •nount of tr8nsf6r requked from capital lo meet expenditure in that financial year. The Trustees s8t an annual expwK16ture tarBet ba￿j a pgrcontwJe of th8 avaTag9 valug of tho portfol￿ over the previous three years as 8t 31 January. After dadUth.￿ of adminislrath)n costs and other liqbili(￿S the balance is then allc¢ated for gfdnt makiryd. The peTcentage aww)unt i8 rev￿#￿￿ gnnualty and set al 5%15%) for the financial y•ar endod 31 January 2021. Inve•tment Policy and Perfonn•n The Tru8t8es haveconsmlored the èthul npkal>)n8 oftheir impslrnnts and ￿0￿0d IhBI they should nGI hokl investm8nts in companies vA)ere a Substantial part ofthe eamiThJs arg dorpMI frryn ￿tsVitY that the Trustees view as being inappmpriatè. prlmarity martuthtu￿ OT sab of Icacco. ams. ateohol and gambling. The Trustees view the Inve$tment$ hekl by the Tru51 at their meetings in Conju￿)n with thwr investment managers. The TNste¢s ¢losety with their investment rn￿￿er in revivHingthew ethi¢J policywth cu￿1derat￿n tothe effed on the Val￿ ofthe inveSt[￿rt p￿tkIl￿.

THE MRS SMITH & MOUNT TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 2021 Icontinu•dl The inve3trnent portlolKJ has been structured lo prowde incwsed fvndThig for grant nraknng whilst prot￿ting the capital element ol the portfolio. The agreed strategy provAle5 for the expenditure tsrget In th& $h¢yt arvj longor term. The Tru81 conb"nu¢s to hold a dNerse portfolio of fixed intorost, ¢quibo$. propety and othar invastments thè UK and ovef8e CoronawNs Pandem The ongolng impact of the coronavitus pandwnic around thg workl continued to cause markets to be extremè volatile over the year. The Trustees were exlremety Satisfth by ￿ overall perfomiance of the portfollo and the recovery after the sharp falb In value earty in 2020. They were akn p￿Sed that thgy were able to ke8P to their original expenditure budgèt for the year aThJ provpje much need￿ fvndiny to service charities who wer8 part￿ulartY affected by the inabllty to lundrnise and owate as rnrmal. The TnJ8lees will continue to keep the 8iluation under review IhrougkK)Lrt 2021 bui fett confklent that. due to the wThent ¢L¥nposilion of the portfolio, they would be able to continue to meat Ih¢(r wnm$d￿10 spending prNI1￿ wthout affeth.ng their 8bilty to meet similar prlorities in fijture years. Rlsk Man4gem•nt The Trustees have consKlered the risks to ￿lch the Trust 18 8xposed ond have Trnpkniented procedure8 to mitigale those risks. Tho prinapal rmk laced by the Tru8t is the undwwrfoman¢o of investments. Tho Trustees con8kJerlhe majorfinancial risk to b8 vafiabilty of retums ￿ tholr Inwa$tments. Thts ￿ mitigated by taining expert investment man•3&rs. hawng a dNersifd portfol￿ and. by gtru¢turing Ihg investment portfolio in o way lo ensure short l•mi expenditure wuirements are av8il)1g in easily IY4uklated inve8trnent8. Tho current 8i¢uati)n caus&J by the gkjbal Pand￿1¢ of COMtk19 hvJhlights the imp)rt8n¢e of thi$ str81g9y. The m8ior OPerat￿nal risk fac￿ by tha Trugt Is the ml8u8e of grant ftjnding ty recipl•nts. The Tru8tee8 havo implemented procedures lo manag8 this risk including ensuring they have 8fftient Sklll and eyportise to Sdenllfy 8uilable grant racpients and •ffoth monltOm9 and re¥￿% of grants mado. trr4•• Pollcy The Trustees havè gNen c¥)n8kggf81ion a8 to IKMT beot to bendrt th0•09M￿ and IndfvhJualB whkh tha TruBlees' policies are targeted to ￿t1P In the short and kjnger tern, thi$ impacts the balance of rnaking grants out of income or c8pit81. The Trusl8es antiupate increasing needs in the area8 they supwt in future years and have restructured their investm¢nis to prowde capital gI￿￿h and the availabilty of funds for fvtU￿ grant making. The Tru$tg88 a￿ also aware thal the conb"nue4J stress on the charty ¢8us•d by the measures in place to r•dy¢e the spread ol COVIt>19 may require mOdificat￿n of their grant m8king going forward and will keep this under r•Mew wthilst these m8aBUTe8 aro rekxed durirvj the year. The Tru$lee$' policy is to set an expenditufe 18Tg•t whth. after deductK•n of adminislratkn expenses and clher liabllilie$, will be dlstributed by vrdy ol gmnts. Thè Trustees will keep this polw under reviaw when capital investment growth or tho Charitab￿ needs in the Trustee8' cor• 8roas of grant gwing change. Tho b8lanc• hdd a6 unles1rK￿ •t 31 JanLWry 2021 waB £8,890,945 12020. t8.470.$451. of whlch £8,878.S55 {2￿￿0. £8.$85,8821 was regar11￿ as a capital fund. The capital fvnd is h•td In Invastmenis as detailed In Note 8 of the financial statements. The in(x¥ne fund Wds in surplus at t￿ yèw4nd by £12,39012020, defic £115,337>. The balance of ftjnds hekl in the unrestricted incor1 fund indudes comrnilments made prior lo tho yoar end. Any addttsonal balance is carried fc￿Ward for grant making in the next financial year and will conlrJute to provtding tho funds lo meet the expendituro target set by the Trustees annual￿. Th8 designated fund was fulfy expended in the prewouB fin8nciaI year but there was one grant instslment ouislanding at the year end. In ling with the Trustees, investm￿1 polw. a transler will be made from the caprtal fund to the income fund to facilrtate budgeted grant eypendiiure kx the yoor. Thro *ill be made frcTh investments in fixed interest securities hekl specrfcally for this purpose.

THE MRS SMTH & AK)uKr TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 2021 I￿ntInu•d PLANS FOR THE FUTURE Ther& were no swJnrf¢artt • or n•gth Ixlors aff•¢tlng ochwem•rt CA the Tntst's objecthes in the year. The Trustees th￿r criteria during Ihe year end&J 31 Januwy 2020 and a set of criteria waro agre& and put in place from 1 January 2020. All applut)ns during th• year ending 31 January 2021, were nsider8d against th8s8 new criteria. a fvll d8SCriPtion of is avaiLabb on the Trust's website. In general, the Trustees have tried lo f(￿$ ￿1r grant making u￿181 IAontal H6fjlih, Homde8snes8 and Health in the Cwmunty catèg￿10$. Thore were a number of grants th were made under Th LoamiNJ tXs&•ilths, before thi8 cab30ry was rtnwfjd vthen the uiteria were updaw in 2￿20. whith h•J outstaThJirvJ instalm¥nl$ pabj dudng the year. No furthor grants wern authori$4d undw Ihk8 ¢at¢g0ry. Th• Trustees VAII keep the change5 uThJeT review to ensure that Ihoy ¢onJnu• to fu￿1 trirmiMb)n st¥teffnl.'Asslslry disadv)t8gad peepb toward8greater independenc• or a better quality of life.. Th8 Trust88s will be Tevwling their dhical inv88tment poly rrm chjsèly durin9 the year to ènsure that wh51st maintaining 9(￿ stewardshp of the Trust's funds they continue to be awar8 of tho impact th•ir inve$lm8nt$ may have on I￿1r in1￿ded the id•r Th• Tru8le•s xp¢¢l to Carry out a skills rwrnAT durin9 th• year to that they ar8 ableto adequatety aB8e89 and monitor their grant mgking In th• t￿1¥ n￿￿th$ th• Truste•s athFOt•: An in¢r8889 in demaThJ on it8 r89￿r To conllnue lo make grants from Ihg Mr8 Smth Fund ot the ￿rrOnt lev To ¢ontinuo to mak• grants from th• Mwnl Fund under the ¢urr•nt critorta To keep tha ¢rit¢ria of the NS)unt Furnl lo ensure that it remBin$ rethanl lo th8 8kn8 of the Tnjst Monitor Ih•lr in￿$1M0nts to enwr• arn pmvhJirKJ an in¢xe&we in the amount avallable for grant making undw the Mount Fund. whilst pyobing the capital in tin8s ol increa88d volatJlNy on gbbal TRUSTEES, lIESPONSI￿LITIEs IN RELATION TO THE FINANCIAL 8TATEMEKf8 Ttte Iru$lee are responslble for p￿par1r•j the TNStee8' Annual Report and thefinanci81 stat8m8nts Sn a¢¢ordance wich appllcable Iw and Unlted Kingdcln A(￿nting Standards IUnitgJ Kingdom Generally Accept•J A¢¢ounting Pradc•l. The law 8ppIIc8ble to charities In England & requtras the trusiee8 lo prepwe financinl Statemènts for each rinancial yearwhich give a aTrJ fw'r oftho stats ofaffairs ofthe ¢harty and ofthe n￿ming resourc&% and •ppllcalion of reBource8 of the charty for that pwic4J. In prepanng the8¢ finwKlal 8t•tements, the truBtees awB required to: ••W sultable 8ccounUng Pol￿¢$ and then •pply them rx)nsi8lenlly. obwve the mèthtsjs prinqJte¥ in the charit￿ SORP 2019 IFRS 102).. meke jud￿ments and estunates that ￿ r￿Ortab￿ ar¥J pr￿Jerrt,. stale whether 8pplk8ble ao>>Jntsng have been folhy•MI. subj'ect to any malerHI deporture• dSsdosed and explained in the financial statements: prepare the financial statements on thE g(xThJ concem basiB unless rt is inapprowi lo presumo that the d)arity wll continue in operati￿. The trustees ￿ responsib￿fOr kwiThJ pr¢w accounting recLvd8 thal dlsdMewSth reas¢M8bb actyJraGy al any ttme Ihe financkl positKJn of the chity enabkn them to tsM5ure that the financkql Statements ccmpty wrth the Charities Act 2011, the Charities IAcctsJnts al￿ Reports) Regulat¥Th 2rJ)8 and the prowsions of the trust dead. They are a180 respO￿lb$a forsaftyUard￿9 the assets of the charity hence fortaking [￿Sonall6 steps forthe preVent￿n and detection of fr8ud and other 1rregukqrl￿.

THE MRS SMITH & MOUNT TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 JANUARY 2021 (condnued) The Tiustees are respons¢ble for the maintenance and integrrty of the charrty and financial information included on the chariws website in accordance legislation in the United Kingdom goveming the ￿paration and dissernination of financial siatemen Approved by the Trustees 21Y21 and signed on thoir behaw by: T B Warren Esq

Independent Examiner's Report to the Trustees of The Mrs Smith and Mount Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 January 2021 which are set out on pages 11 to 26.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Helena Wilkinson BSc FCA DChA

For and on behalf of: Price Bailey LLP Tennyson House Cambridge Business Park Cambridge CB4 0WZ

Date: 2 November 2021

10

THE MRS SMITH & MouKf TRusr STATEmETr￿ OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 JANUARY 2021 In¢om• L)•sigrthd Fund Fund Captlal Fund Fund• 2021 Totsl 2020 INCOME Ah￿ ENDOWMEKrs 70.811 154.783 70,811 164,783 Irbvesbrnnts 184,728 TOTAL INCOME 225.594 192N13 EXPENDITURE R&Blng fiJnd8 23,427 23,427 23.451 Charltabl• AeUvltS88 340.¢X7 340.C67 440,711 CoBt of granl Jmklno 340,067 440.711 TOTAL EXPENDITURE 23.427 383.494 464,182 Net galrms on trwe8tr￿nts 8eA.232 Not IExp•ndltUr•￿1nCOm• 1114,4TJ) $34,873 420,4Q) 533.483 Tran•lv lknen fvnd• 242,2(XJ (242.2CI)) N•¢ rno¥fjm•nt In fund• 127.727 292.673 420AOO S33,483 Fund bala￿e$ brwjhl frward 111&33T) 8.$8S.882 8.470,S45 7,937.W2 FUND BALANCES CARRIED FORWARD AT 31 JANUARY 2021 11 8.878.555 8.890.945 8,470.545 The figureg atKive Tdale to the ¢￿tr￿Ing dth8Tru81 There are no reccqnmed pns and tOS585 in 2021 or2020 th￿ 8tth•. The note8 on paq88 13 10 28 fonn part of Ihe8e aDx*unts. A breakdown of pii)ryw ￿￿par#IN￿ SOFA figures bs slthvn cffl page 25 Of￿ nrAe8. 11

THE MRS SMrrH & MOUNT TRUST BALANCE SHEEr AT 31 JANUARY 2021 Incom• Deslgnated Fund Fund C•pttal Fund Totsl 2021 Total 2020 FtXED ASSEf INVESTMENTS LS8tsd Snvostm&nts Unlisted In￿$t￿￿nts Cajh 8.635,740 8.635,740 8.326.161 239.410 239,410 245.753 3.405 TOTAL FIXED ASSETS 8178,655 8.878.666 8,$86082 CURRENT A&8ETS 85.842 1,070 85.842 1,070 24,388 27,350 1.070 47,7C Current Asset Inv¢stmonts Cash At Bank and ln Hand 15,C TOTAL CURRENT ￿SEr8 16mO 111,280 76.126 CURRENT LIABILITIE8 Cr•dllors Due Within One Y￿r 10 83.890 15,CQO 98.890 191,463 Total n•t a•••tsllll•bllltl•sl 12J90 12390 1116,3371 TOTAL FUNDS OF THE CHARITY 11 12J90 .878.SS6 8,890.946 8,4YO.64S Approv•d by th• Trust￿* on 21Y21 ond Sig￿ on thdr behall by.. T B Warren Esq Trusts• /4)• The notos on pag•8 13 10 26 frym part ofthese wxounts. A breakdcf•m of prfor yo8r Balan￿ Sheet figures 1$ 8hoMI on pap 26. 12

THE MRS SMITH & MOUNT TRUST NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 JANUARY 2021 ACCOUNTING POLICIES Accountlng con¥ntbn arKI The ffnanck41 statefflents have teen und8r the hthfic81 o)st ¢onl￿tion 8s m￿%￿1d by tho revaluation of investments. The financial $tatwrtgn¢s have been prepargJ in ar￿ance wth the ststement of Recommended PradKe'. A¢¢wnbrg and Rep)rting by charItN￿ ISORP 2019) and In rdance with the Finanual Rgporling StsndHrd •plicable in the UK and RepUbl￿Of Ireland IFRS 1021 eff￿tTr￿ fLY accouthng WKJds ccxnmenciw on or aftw 1 Jonuwy 2019. The financlal Stat￿￿ ha4B bagn prgp8red to a '1￿￿ and fairf vithy and have departed frcffl the Charities IA¢counl8 and RepoJtsl Regulations 2Crf)8 onty to the ext￿￿ wuired to provwje a Irue and fair view. Thi$ dep8rturè has inw)W follrjwirg Accounting and RePr￿tIng by CharTties preparsng their a(Younts ￿ accordance wth the Financial Reporting Standard appI￿￿le in the UK and Republ￿ of IreLgnd {FRS 102) rnther than the knnting and Rewrtiro by Charities.. Statement ￿ Rec￿MMended Practice effeclnrn Irom 1 April 2[￿￿ wh￿h hos wnco be￿ withdrw4r. The TruBI conBlilules a public benefit entty as defined by FRS102. A588ts and Mabililies are initLqlly reo>anised at hi8lorfcal cost c Iran8•ab)n value unkns othewse stthl Sn the reK￿ant acCoun￿ng policy nots. The accounts we welent￿j in ￿Und sterling is the functionat Currency of the charity. The charfty 18 unirKorpJrated and is reglBtsTed in Engfand. Unit￿1 Klngdom. The rryi8tar8d office 18 giv8n on page 1 of the financial 61atements. Golng Concem Thg Tru8tee8 con8xler that there are no matwiol uncwtsintw 8t￿1 thg Tr￿.¥ gbility to Continue ai golng CL￿e8m. The mo81 8ignfftant 8reg of uncartalnty ￿ th• Iwol of rolum and perfomi8nco of Investment martets. The income fund w98 in at thg yogr gnd duo 10 thg bvel of comrnilmfjnts made prior to the yoor end. Trse ¢crfnmitments hav• been Includ￿ in th• budg6t for tho current year. The Tru8lees set a sper￿l￿d budget for the year based on fv average of Ih• portfolio a$ at the 31 January from the three previous financial ￿r$. This 4)￿￿rtU￿ is fvntJ•d by incomtr ft¢JX th& portfolb and fixed asset investments held for the purpose of pro￿dIng for any shortlall bghvoon Incomo and expendrture. The Tru$leo8 w511 monkor colh and 8rr8ng8 for transfern fr￿￿ caphal fund 88 required throughout the year. Following the year end the COVttk19 p3n¢Jgmk ¢auwJ a nffi¢ant lall in ihe valug of tho Trust's Invoslmenl portfol￿ whlch has since r￿uM￿ to the yw value. The level of inccqne frorn tt portfollo Is lIke￿ to be reduced in the year but Tr)t signffj￿￿ and any shortlaN fjll be PTov6ded for from the sale offixed 86sets hekl for the puTrose of pToviJirvJ for such a shortfall. Fund struclure The charrty fund8 are wh)Uy unvestrid￿ and ccryrise an incc¥ne, d￿nated and capital fund. The captial fund is An expendab￿ whth 15 invested to provKle Èncorre which the Trustees are fre8 to use In furtherance ofth¢ ch•rit•bkn obj'ects. The d¢¥fjn¥t¢d fvTrJ ¢ornprised income from a legacy fTc¥n the estate ol Mrs P Spanoghe vthich the Trustees s8t 8Skl• for usa in acw1dar￿ wrth th8 Intère8t8 of the testatrlx. ThB fund has rwi teen fulty expended. Income All income is r￿niSed once the ch¥ity has 8ntsUoThntto ts SrK¢¥no, it M prrknbkn thatthg Income VAII bo recelwd. and the amount cl incoTh Can be rn￿ured ￿lMbty. 13

THE MRS SMITH & ￿U￿r TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2021 Intsrnst on fuTrds held on deposit is indudgj vthen r￿e1¥ab[e and the •wunt Can m•asured rdhb by the charty. this rs rnmialty upon notifution of thè intwesl paid or payab￿ bythe bank. Diwdends aTe recognised once the d￿je￿I has been dedaTed and notific￿ has been rect￿￿d of the dividend due. This is nomially upon notrficatitin ty thè In￿StmeNt adwstir of thè dNKlend y￿Id of the investment portlolKJ. fr(Yn Govornnwnt Sowribgs ￿ rewnis&a Wh￿ rt * f￿￿A. For ￿9a¢18s. ￿trtlement is tsken as the ￿lr of the dale on whkh either.. the charity is awar8 that pmbatg ha$ bogn grarttod. tho esle h•s be•n fffjah'set acCr￿d 88 expendbture. ere grants are payabkry by inulalment, payThntofsubwu6nt inslalrrnnts18 cond115on81 on $8￿818¢10ry Inlerlm pr¢1￿5$ reports. Th• Trust￿ ¢onsthr it probabb that satisfact￿ r8pNt8 will be receN￿l and sub8equonl ara not, thor•kno. troatJ as coThlrfi¢Thl. Support costs wtthoge fvnth"on$thala￿i$t thewo￿oI1ho ¢haTty txrtikn notdirectty undertake chartt8blg othitias. SuFPOrteos¢s indudo b8d¢offi¢e¢c4ts, fm•nc, pernonrl, payroll and govemanc& costswhich supwrt the Twsfs a¢tNrtw. ¢0sts have beèn alkxated befvRen cost of rak8ing fu￿d8 and expendlture m charitab￿ xtlvltl8 baaes on support costs have been allccabJ arg sel wt Sn ncle 5. ed and unli8tsJ invejtments a fLYm Lrfbasicfinancial Instr￿n•￿t and are inrti41fy r•co3nl8ed at the transaction Value and 8ub5equenty ￿￿asUr￿ at their fair Value a8 at the ba&nce Sheet uslng the mKkmarkel quoted price (the drfferenc8 b8tsv88n mJ4narht 8nd bid prk• is ¢J¢omed not to be maleriall. The stemenl offinanoal ￿￿tIeS in¢hAe¥thè netgains k)55es ¥￿Ing on revolu8ti￿ and d19po￿ls IhroughoLrt t￿ ye8r. Th• Tfust does not acqulrn pul LWOM. dw1vati￿ or0t1￿CtInPl•x financial instruments. The main form of financkal risk fac•J by the chrity is that d volatilty li oquty malkets and in￿stMent s8nttm8nt conCem￿9 egurt￿ aThJ thin part￿1r sectcrfs or wb sectors. Taxation The Trust, ￿ng a charity, 15 not liab￿ for i1￿0￿ tax or corFKJf815)n Tax de￿ul￿ from interest received is redaimed. Value Add&J Tax i8 rb)t recoverale and 58 indu¢Jed in the relevant charge5 for administr81)n eX￿SeS. 14

THE MRS SPaTH & MouKf TRUST NOTES TO THE AccouTrifs FOR THE YEAR ENDED 31 JANUARY 2021 Debtors Sundry debtors are re(yJgnised at the getUune￿ wrKJunl due. PreFQyr￿ts are valu•J at the amount repwd nel of any trade discounts due. Cash at bonk ond in h￿d Cash at bank and in hand includes cash and short term hvjhly fN4UKI investment wth a short maturity ol three months u less from the date of acqui5itKJn or ¢)pening of the dep05rf( or similar ￿ount. Creditors and provisions Credrtors and pThisions 8re recLyJniged wthere the chwny has 8 present clvJakn resU￿1r4J from a p881 event that wll probab￿ resuk in the transfer of fvnds to 8 third party and the amount due to settle the obligatKn can ￿ moawred or estimated rnh'abty. Creditors and Jxovi8ion# ar• ncrfmally recogni8&I at thèir 8ètdement amount aftef aNuthng ￿ any tradè disO￿nIS d￿. nandal In8trurrnts The charty ha8 finan¢ial 888et8 finanaal 1kqbi1rth￿ of 8 kind that quallfy a8 b8Bic financi81 instruments. Baslc financial instrunwnts arg initialty raccgnisad at transathn v8Jue and subwuent 8surgd al thgir settlwmfynl valug. Invethnts are vglugd at foir value a$ at Ihg B8Janco Sheet d81e, as detailed on page 20 and the un￿11$￿ gairo ?￿ detaiw therein. All othordobtors, c88h and credrtor8 are 8tthJ at c)8t which w their fair value. Key 80ur¢88 ofStyJg•mort ond estlmthn urK•rtolnty No 8lJnlfl¢anl ludgwn•nts, x¢ounting or oswffp¢h?n$ hav• b•en made by m8n¥g•m•nt In applying the ¢h8rity'8 acC￿nting WI￿$. The Trust￿ wr& •Jw$•d of a W in tho yoar and tho •stim#t¢ for this 18 1)88•d on infrm￿t￿jn from the Eststt 8dministrator8. DONATIONS AND LEGACIES 2021 2020 70,811 7,685 70.811 7,885 INVESTMENT INCOME 2021 2020 L￿ted Inveslments Interest on short tern deP)￿ts Unlisted investrnent- The Charth¢s Propwty Fund Charity tax redaim 140.015 173 9,148 5,447 170.180 124 10.285 4.159 154.783 184.728 15

THE MRS SMITH & MouKr TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2021 RAISING FUNDS 2021 2020 Investmen¢ managwnonl I￿$ 23.427 23.451 23.427 23,451 EXPENtXTURE ON Cki4RITABLE ACTivrriES The chwty undertakes ¢haritabl& actMts through grant ming and avmryl￿ gwt• to a numbef of InslitutKJns In fiJrth8fance cl rty ¢hwi8bkn athit EXPENDITURE. CURRENT YEAR Insfftutl)nal grants Support & govemance T¢)tal 2021 Programm The Mr8 Smith Fund The Mount Fund The SpanrMJhe Gr8rtts Pn)gt8rffl 18,750 287.Crf)O 2.093 32.224 20.843 319.224 340,(67 EXPENDITURE- PRIOR YEAR Institut￿n￿l 9r8nts Support & go¥emance Total 2020 The Mr8 Srntth Fund The Mcyjnt Fund The Spanoghe Grants ProJr8ffffl• 12.5rM) 373.277 835 24.099 13.335 397.376 30,000 440.711 415,777 24,934 Support costs are alkKaled bets￿en the Mrs Smith Fund and the Mount Fund proJramm8s proportlonally trA8ed ￿ the value ol grant¥ m&Je apari from ih08e directly attributabbe lo the Spanoghe Gran18 Programme. GRAKfs PAYABLE 2021 2020 Commitments rnade in the year 415.7TI Grants Payab￿ in the year 305,750 415.777 C¢ynmitrnents at 31 Januay 2020 Grants paJ duriTrJ the year 1B6.297 {405,797) 174,485 1403.51 c￿lMi1Ments at 31 Janu8ry 2021 86,250 186.297 16

THE MRS SMITH & hioumr TRUST NOTES TO THE ACcOUTr￿s FOR THE YEAR ENDED 31 JANiL4RY 2021 GRANTS PAYABLE l¢ontInu￿) Commitments 8131 January a(8 payabb as Payable wittiin one year 86.250 188,297 Commitmonts as at 31 January 2Lr21 86.250 186.297 Commitment8 In additi'w to theamounts committed and accruJ notedabove. fvTrustees sometimes authorisg ¢¢rtain grants which arg $ubie¢t to the wipnt fvffilling ¢8rtw"n ￿n￿￿on$. The totsl 8mount authori$&d bul not gccruwj as expendrturn at 31 January 2021 vras nil (2020, nN). The cornmth￿nts made in t￿ year rAmpii8e'. 2021 2020 The Mrs Smtth Fund-. Housing the Homekns Central Fund St Mungo, Independ8nce at Home 6.250 6.250 6.250 8.250 8,250 18.750 12.500 The Mount Fund Ab￿all,8 Footsteps Act(￿ for Family Cargrs Age Concgm W Nertolk AllèmalJve8 Watford Pregnoncy Crlsl8 ¥nd SLPF4Jt Cantre Attention DefKrt Di50rfors un￿n9 Par¢nts (Addupi Aurora FoundstK￿ for Pecple Abu8ed in Chlklhoc#J 6,000 3,000 6,000 4,750 2,848 2,500 5,000 Blue Elephant Theatro Bromlgy Communty Counselllng Ser¥te 2.400 3.000 chol￿ lsllngton ICII C((rien8 Adve Tunbrklge V40ts & Dlstrtt Ccfflergate Foundthn CPU-London {Cndèn P$y¢hothwapy Uniti Fresh Stsrt New BeginnTng$ Gap- A Thanet Ccynmunty Proj& Guild of Psy¢holhprgpi Heathay Hertfordshire Hdp Counselling Centre Hcffje-slart CambrK1g￿hlre lthartyl H￿ne-Start Watford & Three Rivw3 Hwr Communty Inclusion Bamet Jigsaw (South East) 10.000 5.000 10.000 2.210 4.750 10,000 6,000 5.000 3,000 17

THE MRS SM]TH & MOUKT TRusr NOTES TO THE ACCOU1￿s FOR THE YEAR ENDED 31 JANUARY 2021 Menta Kazzum Arts 4.400 3.000 Link to Change London FrieThJ Luminary Limited Norfolk Carers Supwl NoNl¢h Samorltan$ Off The Rw)rd Twckenh￿l Outslde Edge Theatre Company Peterborough Cthzen¥ AdvKe Bure•J ReftKJee ActIc￿ Kingston Rewrite Your Story st. Peter8 Comrnunlty Wellbelng Prci8rai Strength in Hors The KSd8 Nets￿rk The Stuart Low TTU8t The TunbrNJge W￿113 CtyUn￿1ln9 Certre knmited T1￿￿Ul¥ C(￿nIll1￿d Trust Links Ltd Tumlng the Red Llgh¢8 Gr••n IRed2Greenl Vs)yage Wallh8m Abbey Youth 2CW (WAY2CQO) Wallypring Famity Centre IAfjsh Y(Mrth Ta]k 10.OLYJ 5,OC 5.OC#) 6,Lk)O 2,$00 4,750 4.000 3.￿0 10.LK() 2,000 9,500 1,800 3,000 10,000 4.750 2,085 2,500 3,000 10.0 s,000 9.500 105.700 140.043 Abb•y c￿￿MUnity A8x¢io1ion All People All Places All People All Places (Wnt•f Nlghl &efé•r) 8CHA LATCH Beyond Food Foundatknn Bonny Oowns Communty ASs￿l8t￿M Brent Private Tenants. R￿hts Group {Va Ad¥￿4R•hteTSl 8rJging the G4) Islingtc CanleTbury Hou¥ing Adviro Centre CARIS Haringey Chapm•r C¢ntr* Twu81 CRISIS (Vlfjnler Night Shetterl Dartford Churches Wnler Shelter- Elmbridge Rentstart (UK) Ltd Emmaus Dover Emmaus M&lway Folkestone Rainbuw Centre Hoathy LNing ProFcts Ltd Housing Justice Jod Commvnty Sorwces LvJhl Prqoct Potsrt4)r¢xJgh Renth￿l Hcpe Trust. East SuThv/ 1.500 9.500 2,500 6,400 4,750 5,000 3,000 3.500 5.000 5,000 10,000 2,500 3,000 5.000 5.000 5.000 8.000 20.OCKI 5.000 8,000 4.750 18

THE MRS SPATH & MOUNT TRUST NOTES TO THE AccouNfs FOR THE YEAR ENDED 31 JANUARY 2021 sness nu Resolve Sanctus Spelthome Rentslart The 999 Club and Lady Fh)rence Trust The Hope Hub The House of Genesi The Margins Projed The Spires Contre The Spiros Centre This is GrowTH Ltd Trea8ure8 Foundation Waltharn Fue81 Chu￿h¢S Nlaht Sheh 8,000 1,900 5,000 3,000 6.01)0 3.OLYJ 5.000 4.1)00 5.000 5,000 5,000 10.C4)0 128,3 Blue Sml Brainlrea Ar•8 Fwdbank Ltd Chelmsford & Disth¢is- Tho Strckn cl￿ Mld EM•x CcrfnMun￿rOW Daisy Progranhne Domestic Abuse Volunteèr Supp)rt S•rvic8s E88ex Dementia Cart Harts Area Rope CrislB and Sexual Abuse c￿tre Home.Start South West Kent Hco Peninsula Carts ltradlng 08 wHoo Carn81 CIC Hub Communlty Prqe¢l L8wsham Refvgee and MwJranl N&tr• Methyay Asthma Self-Hglp IMASHI id Sulfolk Crtkens AdvKe Bur*u Mos8C Ono Communty D￿￿FI￿nI Tru8t Our Spe¢ial Frt&nds Rural Coff0& C8rav8n Informakn Proiect Sam30n Centre for MS Selig Suffolk TN$l Support 4 Sight The Brigitte Trust The Magdalene Group The Recover Team Ltd Wesueton Vlltage Ha15 YUAF- Young Urban Arts F¢xJndatK 10,000 8.0(Kl 1.800 6,000 10,000 10,OLN) 3.000 8,000 5,000 4.21MJ 10,000 1.8rKJ 10,000 5,¢X)O 5,000 10,000 4.400 3.000 3,000 3.000 12,000 4.305 53,01)) 97.305 rnin D￿bIlItIeS Ab Phab Youth Club ASCEND A8Sk3t Trust Bishop Creighton House Hackney Sh icandance 3,CQO 6,￿0 6,CWJO 3.(￿0 5,IXJO 3.tsjo 19

THE MRS SMITH & MOUF￿ TRUST NOTES TO THE ACCOUMTS FOR THE YEAR EMDED 31 JANUARY 202 Disabili contviu IPSEA {Independent Panel for Sp￿181 EducstTh knice) Merton Menczp Opening Doors PARC Essex sO￿h9nd Mertcap Space 2 Be Me The Ewrida Soc The Hak)w Projec The Therapy G8rdon Toucan Emptyment 3.orx) 2,500 9,594 10.000 2.500 4.288 5.otxj 4,547 77,929 Totsl grarrt maklng from fv Mount Fund 287,C(10 373.277 Th• Spanogho Grants ProarnnYn• B•com• Ifomi•ty Th• C8rn8? Trusll 30.000 30.0(KJ O¢¢a8ionalty, rf fUnd1￿j ￿loW8, the Truste88 will mgk• grants Sn rnsponse to nat)nal and inlemalional dk8aster8. ￿lIst Ihg Trust•g¥ mode no $u¢h grants In tht8 financk81 year {previous financial year- £nlll they were rnindtsl ofthe C￿8￿7ruS in UK, atyj tho knpad on charftle5, when conS￿ering thoir gronl making. ANALYSIS OF SUPPORT COSTS Th8 tTr8k¢Sywn ofsupFrfMt co*s 8ThJ hwthwe allo¢al•d bets￿en Th8 Mrs Smith FuTrJ. The Mount Fund 8nd th• Spanooh• Progrwrfft• h 8h(wffj In the table bekm. SUPPORT COSTS. CURRENT YEAR Mrn Smth Fund Tho Mount Fund The SpanoghB Total 2021 Adrnlnlslrnlon fee8 Govemance costs Membsrship 8ubs¢ription 2,093 23.180 7,129 1.915 25.273 7.129 1.915 32,224 34.317 20

THE MRS SMITH & h1ouP￿ TRUST NOTES TO THE Accoupifs FOR THE YEAR ENDED 31 JANUARY 2021 ANALYSIS OF SUPPORT COSTS (c£*ttinwd) G¢)vemance costs.. Accountsncy fee$ AudiVlndeper¥Jent Examlnatb)n fees Trustee expensa8 Profe55K)nal f Other costs 2,945 1,865 190 2.329 7,129 SUPPORT COSTS- PRIOR YEAR Mrs Smith Fund Th8 Sparwjghe Programm8 Mount Fund Total 2020 Administrat￿)n fe88 Govemance costs Membership sub8thpllon 835 18,582 4.577 19,417 4,577 835 24,099 24,934 Govemance COBts.' Accountancy fee8 AUdiVIndep8￿18nt Examlwth)n fee• Trustee expense ProfesS￿A41 f Other costs 1,601 825 202 230 1,719 4.577 Support C08ts and ¢osls org alb¢knJ on the t￿19 ofthe acttb•l L))sts In￿rIed on aach typ• of thty. Includad within governance r))Bts 13 truBtee eypen￿ of £n1112￿20 £202). TTUStee3 are rewnbursed for exp8n8es incurred due totravd costs to me￿"n9$ and ￿$rt$tO ¢haritie8 apP￿.ng forfundiThJ. Rèfr•shm•nt eosts incurred during visits are also reimbursed. No Tty￿¢• rKeNgd any remuner8lKJn frDm the Trust. The Iru8tee8 ao consxIe￿d key management petsonnd. TPANSFERS 8￿￿EEN FUNDS There wa8 8 tr8nsf¢r frcrtn the Unreslrthd Caplal Fund to ts UnretstrK￿ IncA)me Fund of £242.200 12020. £50,000) forgrant making in the year. The Trustees set a spending target at the Ixginning of each nanaal year. Any shortfall betsbw) ￿ti￿at￿l irmne and ewditure is fvnded by transfers from tha apital fund lo the income fund. 21

THE MRS SMITH & mou1￿ TRUST NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 JANUARY 2021 FIXED ASSET INVESTMENTS 2021 2020 Market value at 1 Febnjary 2020 Additions Dksposab lat sale valuo) Unrealised gains 8.585.882 1,465,195 11,730.8221 558.300 7,854.101 1,156,351 11,229,808) 805.232 Market Value at 31 January 2021 8.878.555 8,585.882 Hlstorical COBt 88 at 31 J￿u￿ry 2021 6.982.6C 6.908,7 BREAKDOV4N OF IWEsTME￿S- CURRENT YEAR 2021 Total UK Li$l¥d in¥e8¢frarts.' Equthe8 Flxed Inlere8t Altematives Unll$lod In￿•1m￿*s.. Charitios ProF￿ty Fund 929.158 2,151,712 236.651 5.318.219 8,247,3TI 2,151,712 238,851 239.410 239,410 3.405 3.580,3 5.318,219 8.878.555 BR84KDOVvN OF INVESTMENTS- PRIOR YEAR 2020 Total UK Listed investrnwts.. Equities Flxed intwèjt A￿ernat￿t$ Unlisted investrnents.. Charths Property Fund Cash 1,(E8,169 1,982,333 281.072 4,878.037 5.946.2( 1.982.333 397,622 118.550 245.753 13.968 245,753 13,968 3,591.2 4,994.587 8.585,882

THE MRS SMITH & MouKf TRUST NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 JANUARY 2021 DEBTORS 2021 2020 Tax redaunab other Debto Accrued Incune 10.579 4.452 70.811 5.133 4,532 17,685 85.842 27.350 10 CREDITORS FALLING DUE WITHIN ONE YEAR 2021 2020 Grants pwblg {rth 51 Acuu8Js 86.250 12,640 186,297 5,166 98.890 191.463 FUNDS The Tru8t FurKJ18 wholty unrestrthj. For purFK401, tho Tru8t•o8 ha￿ da8ignated thatthe Trust's capital and caprtal PTofrts wll be retsI￿d and corried fcrfward in a Capital Fund èxcept for 8pecWk occasions when a transfer from the wrtal fund to incLJme f￿d will be mado lo utilise somo of tho ￿n￿$b￿ant portfol￿,8 C4)rtal gain$ for grant moking. The Income Fund and Inc{￿ profits aro u111tsod for m8klng annual grants. The Tru8tees Report identifte3 Ih¥l the Tru#￿ split irthme into Iwo funds for grant makiryd purpos￿, the Smth Fund and The Mount Fund. Tho d8synat6d fund, whth was kr¢own as The Spanogho Grants Programme. has n¢yw fulty committed And Or￿ the final granl has been paid this fund wlll ce88e to exist. Th￿ loo IB for management pury)oses onty and the8e are Trjt restr￿ SUMW<Y OF FUNDS- CURRETr￿ YEAR 8rougM forward Gaingl (losses) Income Eypendriure Tran8kn forwgr Unrestrict&J Cap￿81 fund 8.585,882 (23.427) 558,3Crf) 1242.21K)I 8,678,555 Unreslri¢ted Income fvnd {115.337) 225.594 (340,(Kn 242.2(M) 12,390 8.470.545 225,594 {363.494y 558.3 8.8S￿.945 23

THE MRS SklTH & MOUNT TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2021 SUMMARY OF FUNDS- P￿oR YEAR Bffjughl foTh¥ard Irb>Th Expendlure Gainsl {losw} Carried fOn￿ard Transfers Unrostrkted capital fund 7,854,101 123.451) 805.232 lso.owi 8,585.882 Unrestrf¢ted desKJnated fiJnd 24.924 130,OfyJ} S,076 Unrestricted in¢omo fund 58.037 1W2.413 1410.7111 44.924 1115.337) 7,937.Cff2 192.413 1464,1621 805,232 8,470.545 12 RELATED PARTY TRANSACTIONS There wa rvJ row pwty trans4dk￿$12o2O, nlt). 24

THE MRS SMITH & TRUST NOTES TO THE AccouNfs FOR THE YEAR ENDED 31 JANUARY 2021 14 PRIOR YEAR COMPAFIATIIE FIGURES STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDEO 31 JANUARY 2020 Unrn•trlcted Unre•trktgd Unr¢8trlct•d Unregtr]cted cl￿81 Fund Fund . 2020 Fund Fund Not• INCO￿ ANO ENDOWkENTS Cx)nations Wi 184.728 184,728 TOTAL INCOhE 192,413 192N13 EXPENDITURE Rw8ino fund# 23,4S1 23,451 Charltobk? Actiwti88 410,711 440,711 Cost of grant n￿rIa 440,711 TOTAL EXPENDITURE 410.711 23,461 464182 gaIn￿l￿At88) C￿ In￿111￿ 5,232 N•t IExp•ndltur•ylnc<>m• 1218,298) (30,CWI 781.781 533,483 TTaMf•r b•twn fund• 44,￿￿4 5.078 IsJ.c(o) Nat MOV•￿ In fvn (1rn374) (24.924) 731.781 $33A83 Fund baLyKe6 brought ftmwd 58.037 24.924 7,854,101 7,937,C62 FUND BAL￿4CEs CARRIED FORWARD AT 31 JANUARY 2tr20 1115.33n 8,585,882 8,470,545

THE MRS SMITrI & MOUNT TRUST NOTES TO THE AccouKfs FOR THE YEAR ENDED 31 JANUARY 2021 BALANCE SHEEr AT 31 JANUARY 2tr20 . Unr•strk•d UnrestrScted UnreBtrKted . Income Designated Capital Fund Fund Fund Totsl 2020 FIXED ￿sSET INVESTMENTS U8d inwthnts Unlisied In6tronts Cash 8,326,161 1326,161 245,753 245,753 13, 13,￿8 TOTAL FIXED ASSETS 4584882 8.584882 27.350 1.070 32.7( 27,350 1,070 47,7C6 Current A886t Inw8Orents Cash Al Bank and In HaThJ TOTAL CURRENT A&8ETS 61.126 16,rAo 71128 CURREKf UABLtriES Cre¢trf8 (kn Yew 10 178.463 15.C(KJ 191,4e3 Tot*1 n4t 11kn￿￿tIo•j or asMt• (11433n (116.33n TOTAL FUNDS OF THE CHARrrY 11 (11433n 8,584M2 8,470,046