|
Pages |
| Charitydetails |
1 |
| Trustee'sreport |
2-4 |
| Auditor'sreport |
5-8 |
| Statementoffinancialactivities |
9 |
| Balancesheet |
10 |
| Cashflowstatement |
11 |
| Notestothefinancialstatements |
12-19 |
THE SLAUGHTER AND MAY CHARThABLE TRUST
Trustee's report
for the year ended 5 April 2023
The trustee of The Slaughter and May Charitable Trust (the"Charity') presents its report and
audited financial statements for the year ended 5 April 2023, which have been prepared in
accordance wth the FRS 102 SORP and the Charrties Act 2011.
Govornlng do¢um•nt
The Charity is a registered chafity and is governed by declaration ol trust dated 28 March 1991,
as amended by a supplemental deed dated 21 August 2000. The Slaughter and May Charitable
Trust was registered as a chanty on 5 October 2000.
Objectives and Actlvbtie¥
The objects of the Charity as slated in lis consliluling deed are lo pay or apply the income
received and the whole or such part Of parts of the capital of the trust fund as the trustee shall in
rts discretion think fit lo or for the benefit of such exclusively charitable objects and purposes in
the United Kingdom or in any other part of Ihe %w)rkl as the partners for the tirne being in the fimi
of Slaughter and May may from lime lo ts.me direct or as thè Iruslee shall in rts discretion think fil
provided always that nothing contsined in the conslilub.ng deed shall aulhorise the Iruslee lo
apply any part of the trust lund or the InMe thefeof lo or for the benefit of any objects or
purposes as aforesaid save those regarde¢J as charrtable by the laws of England and Wales.
The Charity is relianl on ils key donors, the partners of Slaughler and May. All adminislralive
antj other office support is provided by Slaughter and May.
The Current strategy is to distribute all income received on an annual basis. Direct charitable
grants are made lo selected applicants for thantable purrM)ses for the benefit of the public al the
dIscli0n of the Iruslee. Further grants are made lo miscellaneous charities for other reasons
bul particularly lo incenlivise Slaughter and May employees in chartiable ¢Jeeds.
By donating to charitable purposes for the benefft of the public the trustee has complied wrth the
Charity Commission's guidan on public benefit, induding the guidance 'public benefit.. running
charity IP821'.
Org*ni$ational $tructurn and grant making policy
The Iruslee of the Charty is Slaughter and May Trust knmited. a company vthose directors are
all Partners in Slaughter and May. with the excepts'on of J Hoseason. is Chief Operating
Officer ICOOI of Slaughter and May. The Irustee operates through a Committee of its 8oard
comprising up to ten current Partners of Slaughter and May IC.N.R Jeff5, G.A. Miles, R.J.
Smith, S.V.K Wokes, D. FinkleT, G. O'Keefe, l.A.M. Taylor, J.S. Nevin, R.A. Byk and D.G.
dlkinsl and the COO, J. Hoseason. all of whom have been nominated by the trustee. The
final six Partr)ers of the Committee listed above have served throughout the financial year
ended 5 April 2023. R.J Smth. C.N.R Jeffs. S.V.K Wokes We all appointed on 1 May 2022.
During the year C.L Philips served on the Committee, and subsequentty resigned on 30th April
2023, and was replaced by G.A. Miles on l May 2023.
THE SLAUGHTER AND MAY CHARThABLE TRUST
Independent auditor's report to the trustee of The
Slaughter and May Charitable Trust
Oplnlon
We have audited the financial statements of The Slaughter and May Charitable Trust for the
year ended 5 April 2023 which comprise the Statement of Finanaal Activrties, the Balance
Sheet, the Cashflow Statement and notes to the financial statements, including a summary of
significant accounting policies. The financial reporb.ng framework that has been applied in their
preparation is applicable law and Unrted Kingdom Accounts"ng Standards, including FRS 102
'The Financial Reporting Standard Applicable in the UK and Republic of Ireland, IUnf(ed
Kingdom Generally A¢¢epled AOnting Practice).
In our opinion the financial 5talemenls'.
give a true and fair view of the slate of the Charty's affairs as * 5 April 2023, and of rts
incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom General Accepted
counting Pradice,. and
have been prepared in accordance yh the requirements of the Charil*s Act 2011.
Bas1$ for oplnlon
We conducted our audit in accordance with Intemabonal Stsndards on Auditing IUKI IISASIUKII
and applicable law. Our responsibilrties under those stsndards are fvrther dèscribed in the
Auditor's Responsibilities for ihe audr¢ of the financial slatements section of our report. We are
independent of the charity in accordance wth the ethical requirements that are relevant to our
audit of the financial stslemenls in the UK. induding the FRC'S Etl)ical Standard. and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe that
the audit evidence we have obtained is Sufficient and ippropriate lo provide a bagis for our
opinion.
Concl10n8 rnlating to going con¢em
In audrting the financial statements, we have conclLKled that the trustee's use of the going
concem basis of accounting in the PparatIOn of the financial stslements is appropriate.
Based on the work we have performed. V•P have not identified any material uncertainties
relating to events or conditions that, individually or collectively. may cast significant doubt on the
charity's ability to Continue as a going concem fr)r a period of at least twelve months from when
the financial statements are aulhorise(I for issue.
Our responsibilthes and the responsibilities of the trustee wth respect to going concem are
described in the relevant sections of this reporL
Other information
The other information comprises the infomalion included in the annual report, other than the
financial statements and our auditor's report thereon. The trustee is responsible for the other
inf¢mats"on. Our opinion on the financial ststements does not cover the other infomab.on and,
5 February 2024
|
**Notes ** |
**Year ended ** |
**Year ended ** |
|
|
**5April 2023 ** |
**5April 2022 ** |
|
|
£ |
£ |
| **Income ** |
|
|
|
| _Income from: _ |
|
|
|
| VoluntaryIncome |
3 |
663,375 |
573,551 |
| **Expenditure ** |
|
|
|
| _Expenditure on charitable activities: _ |
|
|
|
| Grantspayableinfurtheranceofthe objects |
4 |
(603,375) |
(513,551) |
| **Total expenditure ** |
|
(603,375) |
(513,551} |
| **Net movement in funds ** |
6 |
60,000 |
60,000 |
| **Balance at 6 April ** |
|
(59,990) |
(119,990) |
| **Balance at 5 April ** |
|
10 |
**(59,990) ** |
|
**Notes ** |
**At 5April ** |
**At 5April ** |
|
|
2023 |
2022 |
|
|
£ |
£ |
| **Current assets ** |
|
|
|
| Debtors |
8 |
131,130 |
112,756 |
| Cash atbankandinhand |
|
10 |
10 |
|
|
131,140 |
112,766 |
| Creditors: amountsfallingduewithinoneyear |
9 |
(131,130) |
(172,756) |
| **Net current assets/(liabilities) ** |
|
10 |
(59,990) |
| **Net assets/(liabilities) ** |
|
10 |
(59,990) |
| **Funds ** |
|
|
|
| Unrestricted |
|
1Q |
(59,990) |
|
**Notes ** |
**At 5 April ** |
**At 5April ** |
|
|
**2023 ** |
2022 |
|
|
£ |
£ |
| **Net cash provided by operating activities ** |
|
|
60,000 |
| **Cash flows from financing activities ** |
|
|
|
| lncrease/(Decreaseinnon-currentliabilities) |
|
|
(60,000} |
|
|
|
(60,000} |
| **Change in cash in period ** |
|
|
|
| Cashbroughtforward |
|
10 |
10 |
| Cashcarriedforward |
|
10 |
10 |
| **Reconciliation of net movement in funds to net ** |
|
|
|
| Netmovementinfundsfortheyearended5April(asperthe |
|
60,000 |
60,000 |
| StatementofFinancialActivities,page9) |
|
|
|
| Adjustmentsfor: |
|
|
|
| (lncrease)/Decreasein debtors |
8 |
(18,374) |
(31,381) |
| (Decrease)/lncreaseincreditors |
9 |
(41,626} |
31,381 |
| **Net cash provided by operating activities (see above) ** |
|
|
60,000 |
|
**Year ended ** |
**Year ended ** |
|
**5April2023 ** |
**5April 2022 ** |
|
£ |
£ |
| Monetarydonations |
657,710 |
568,051 |
| Giftinkind(auditfeepaidbySlaughterandMay) |
5,665 |
5,500 |
|
663 375 |
573,551 |
| Grants paid duringthe year, analysed by recipient: |
|
|
|
**Year ended ** |
|
|
5April 2023 |
|
|
£ |
|
| upReach |
139,016 |
|
| TheAccessProject-theKeyProject |
60,000 |
|
| Islington LawCentre |
43,000 |
|
| StLuke'sCommunityCentre |
35,000 |
|
| Beam |
30,000 |
|
| BlueprintTrust |
30,000 |
|
| CambridgeUniversity |
30,000 |
|
| NationalLiteracyTrust |
23,545 |
|
| LegalAdviceCentre(UniversityHouse) |
22,000 |
|
| TheMarginsProject |
21,500 |
|
| StLuke'sParochialTrust |
20,870 |
|
| UNHCR |
20,305 |
|
| lnternews |
20,000 |
|
| TalkforHealth |
20,000 |
|
| RCJAdviceBureau |
18,000 |
|
| SocialMobilityBusinessPartnership |
15,000 |
|
| StLuke'sPrimarySchool |
13,500 |
|
| TheBIGAlliance |
13,200 |
|
| FinancialMarketsLawCommittee |
12,000 |
|
| MorelandPrimarySchool |
12,000 |
|
| BagsofTaste |
11,000 |
|
| BritishRedCross |
9,295 |
|
| AccessRighttoCare |
5,000 |
|
|
|
624,231 |
| **Other grants (lessthan £5,000 each) ** |
|
33,479 |
|
|
**657,710 ** |
| **Add: Other grants awarded for payment in future years ** |
|
|
| None |
|
|
| **Less: Other grants awarded in previous years ** |
|
|
| TheAccessProject(Year3/3) |
|
(60,000) |
| **Total grants awarded in the year ** |
|
**597,710 ** |
| Add:Governancecosts(seenote5) |
|
5,665 |
|
|
**603,375 ** |
| **4. ** |
**Charitable activities (continued) ** |
|
|
| **(a) ** |
Grants paid during the year, analysed by recipient: |
|
|
|
|
**Year ended ** |
|
|
|
**5April 2022 ** |
|
|
|
£ |
|
|
St. Luke'sCommunityCentre |
65,800 |
|
|
TheAccessProject-theKeyProject |
60,000 |
|
|
UNHCR-Ukraineappeal |
42,077 |
|
|
CambridgeUniversity |
36,000 |
|
|
Islington LawCentre |
35,000 |
|
|
NationalLiteracyTrust |
31,000 |
|
|
Beam |
30,000 |
|
|
BlackEquity Organisation |
30,000 |
|
|
upReach |
30,000 |
|
|
LegalAdviceCentre(UniversityHouse) |
22,000 |
|
|
Talk forHealth |
20,000 |
|
|
AccessSocialCare |
15,000 |
|
|
lnternews |
15,000 |
|
|
SocialMobilityBusinessPartnership |
15,000 |
|
|
TheMarginsProject |
14,500 |
|
|
StLuke'sPrimarySchool |
12,079 |
|
|
TheBIGAlliance |
12,000 |
|
|
BagsofTaste |
11,524 |
|
|
FinancialMarketsLawCommittee |
10,000 |
|
|
MorelandPrimarySchool |
10,000 |
|
|
RCJAdviceBureau |
8,000 |
|
|
Mencap |
5,000 |
|
|
|
|
529,980 |
|
**Other grants (lessthan £5,000 each) ** |
|
38,071 |
|
|
|
**568,051 ** |
|
**Add: Other grants awarded for payment in future years ** |
|
|
|
None |
|
|
|
**Less: Other grants awarded in previous years ** |
|
|
|
TheAccessProject(Year2/3) |
|
(60,000) |
|
**Total grants awarded in the year ** |
|
**508,051 ** |
|
Add:Governancecosts(seenote 5) |
|
5,500 |
|
|
|
**513,551 ** |
|
**Year ended ** |
**Year ended ** |
**Year ended ** |
|
|
5April 2023 |
|
**5April 2022 ** |
|
|
**Amount ** |
**Number ** |
**Amount Number ** |
|
|
£ |
# |
£ |
# |
| Trustee grants |
328,485 |
26 |
314,518 |
|
| Miscellaneous |
269,225 |
___§Q |
193,533 |
|
|
597,710 |
----1.6. |
508,051 |
|
|
**At ** |
5 |
**April 2023 ** |
**At ** |
**5April 2022 ** |
|
|
|
£ |
|
£ |
| Taxrecoverable |
|
|
131.130 |
|
112.756 |
|
**At 5 April 2023 ** |
At 5 April 2022 |
|
£ |
£ |
| ShorttermadvancefromSlaughterandMay |
131,130 |
112.756 |
| Grantspayable |
|
60,000 |
|
131.130 |
172.756 |