OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Geoff & Fiona Squire Foundation

2025-03-31-accounts

THE GEOFF & FIONA SQUIRE FOUNDATION

Trustees’ Report

and Unaudited Financial Statements

for the year ended 31 March 2025

Registered Charity Number 1085553

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

INDEX

Charity information 1
Trustees’ report 3
Independent Examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Accounting policies 9
Notes to the financial statements 11

THE GEOFF & FIONA SQUIRE FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHARITY INFORMATION

Trustees

Mr G W Squire Ms F P Squire Mr B G Peerless

Principal Office

18 Henry Moore Court Manresa Road London SW3 6AS

Registered Charity Number

1085553

Accountant

Lane Monnington Welton Riverside View Basing Road Basingstoke Hampshire RG24 7AL

Independent Examiner

Geoffrey Frost FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Banker

Weatherbys Bank Sanders Road Wellingborough NN8 4BX

Investment Managers

Rathbones Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1NW

Waverton Investment Management Limited 16 Babmaes Street London SW1Y 6AH

Page 1

THE GEOFF & FIONA SQUIRE FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHARITY INFORMATION

Solicitor

Charles Russell Speechlys LLP 5 Fleet Place London EC4M 7RD

Page 2

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ REPORT

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Structure, governance and management

The charity was constituted on 24 January 2001 as amended by deed of amendment 13 March 2001 and has general charitable objects.

The trustees who served during the year and up to the date of signature of the financial statements were: G W Squire

F P Squire B G Peerless

The founding trustees are GW & FP Squire and BG Peerless. Future trustees may be appointed at the discretion of GW & FP Squire and otherwise at the discretion of the existing trustees from time to time.

The charity is managed by its trustees who meet regularly.

Due to the nature of the charity, as described below, formal training is not given, but is available on request to trustees who feel it would assist with the performance of their duties. The trustees are involved in all aspects of the charity and accordingly there are no other management or staff levels reporting into them. As well as being a trustee, B G Peerless is also a partner of the trustees’ solicitors, Charles Russell Speechlys LLP.

Objectives and activities

Purposes which are exclusively charitable according to the law for the time being of England and Wales. The Trustees are to use the Foundation's capital and income for and towards general charitable purposes, and the Trustees carry out this object by making grants to other charitable organisations, in particular, but not exclusively, those involved in the fields of:

The charity carries out its aims by making grants to registered charities in these fields and there has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake to further the charity's objectives for public benefit.

The trustees believe that based on the grants given to registered charities in the current year (the complete list is set out in the notes to the Financial Statements), the charity has clearly met its responsibilities to provide benefit to the public whilst carrying out its charitable aims.

Examples of such benefits include:

Page 3

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ REPORT

Grant making policy

The trustees will only consider organisations or groups which are charitable as defined by charity law in England and Wales and whose aims and objectives fall within the scope of the charity's own charitable objects, in particular, but not exclusively, in the fields of medicine, education, disability and the welfare and healthcare of children. Applications from any geographical area within the UK are eligible for consideration.

All applications from previous grant holders will be considered by the trustees on their own merits.

The charity will work in partnership with other organisations to fund initiatives beyond the financial means of a single organisation.

Grant holders will be expected to co-operate with the charity in providing details of how grant money has been spent and/or applied in furtherance of its objects and to comply with Charity Commission and/or statutory audit requirements.

Achievements and performance

Although the trustees noted a decrease in the capital value of the investments during the year, they remain satisfied that in spite of current conditions they can retain well diversified investments and a prudent investment strategy.

In the current year the charity provided grants totalling £780,154 to 66 different registered charities (a decrease of £111,026 on the previous year).

Financial review

The trustees report that the total funds of the charity have decreased from £7.67m to £7.05m due mainly to the excess of donations over income.

It is the policy of the charity that liquid unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least one year’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in capital values of and/or income from investments, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The balance sheet shows net assets of approximately £7.05m. The Trustees intend to continue to make donations at their discretion and to maintain the current level of charitable giving if possible (with potentially more sizeable donations to be made next year in recognition of it being the 25[th] anniversary of the charity).

The charity's investment objectives are to balance current and future beneficiary needs by:

The investment performance is monitored by the trustees. At the year end the market value of investments was approximately £6.8m, showing a decrease from the previous year. During the year £171,735 of income was generated which is also a decrease from the previous year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks. The major risk identified is a fall in the value of the charity’s investments.

The trustees have a prudent policy of risk management, as evidenced by the holding of at least a year of estimated forward expenditure in cash, cash equivalents or liquid assets, and the selection of appropriate risk management mandates for the various fund managers. The trustees confirm that they have examined the major risks which the charity faces and confirm that systems have been established to enable these risks to be mitigated.

The trustees do not foresee significant changes in the charity's policies, with the investment in capital markets and donations to other charitable bodies expected to continue for the foreseeable future.

Page 4

THE GEOFF & FIONA SQUIRE FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT Statement of trustoes, r•sponslbilitl•s The trustees are responsible for p￿parIng the Trustees. Report and the financial statements in accordance Wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charilies in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charty and of the incoming resources and application of resources of the charity for that period. In preparing these financial stalements. the trustees are required to.. select suitable accounting policies and then apply them consistentSy', observe the methods and principles in the Charities SORP 2019 (FRS 102); make judgements and estimates that are reasonable and prudent., state whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless rt is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 , the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, report was approved by the Board of Trustees. Trustee Date Page 6

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT EXAMINER’S REPORT

Independent Examiner's Report to the Trustees of The Geoff & Fiona Squire Foundation.

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 7 to 17.

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.

Geoffrey Frost FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date[26 January 2026]

Page 6

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF FINANCIAL ACTIVITIES

Note
INCOME AND ENDOWMENTS FROM:
Investments
1
Total
EXPENDITURE ON:
Raising funds - Investment management fees
2
Charitable activities
3
Total
Net gains/(losses) on investments
8
Net income/(expenditure) and movement on funds
RECONCILIATION OF FUNDS
Total funds brought forward
10
Total funds carried forward
10		 31 Mar 2025
Unrestricted
Total
Funds
£
171,735
171,735
24,822
800,728
825,550
29,483
(624,332)
7,672,385
7,048,053		 31 Mar 2024
Unrestricted
Total
Funds
£
181,968
181,968
27,736
913,961
941,697
682,097
(77,632)
7,750,017
7,672,385

None of the charity's activities were acquired or discontinued during the above two financial years.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 7

THE GEOFF & FIONA SQUIRE FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BALANCE SHEET AS AT 31 MARCH 2025 31 Mar 2025 31 Mai 2024 FIXED ASSETS Investments- managed funds 8.778.472 7,326.098 CURRENT ASSETS Cash at hand and in bank Tothl curr•nt au•ts 284,327 284,327 381,505 361.505 CURRENT LIA8ILITIES Credttors.. amounts fallin9 due w￿h1n one year N•t curront as••W{Il•bllStl••l 14.746 15,218 269.581 346,287 Not ••Mtsllll•bllltlg¥1 7,048,053 7,672,385 THE FUNDS OF ThE CHARITY UnMtrlct•d fvnd• 10 7.048.053 7.fj72,385 T•)lal charlty lund• 7,048,053 7,672.38S The acconwanylng nole8 form part of the flnandal 8lalem8nl8. ai fvJm£116 The Ilnand818latemenls wère approved and •Lthorlsed for Issuè by the INsle88 on ........... and 8lgned on Ih8lr behalf Trustee Page 8

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

The Geoff & Fiona Squire Foundation is an unincorporated charity constituted under a deed of settlement. The address of the principal office is given in the reference and administrative details section and the nature of the charity’s operations and principal activities are given in the trustees' report.

The charity consitutes a public entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Cash flow statement

The charity does not include a statement of cash flows on the grounds that it is applying FRS 102 Section 1A.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.

VAT

The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.

Taxation

The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities.

Page 9

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

ACCOUNTING POLICIES

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Where investments are denominated in currencies other than Sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents

Cash and cash equivalents includes cash at bank and in hand and cash balances within the investment portfolio available for investment transaction purposes.

Fund accounting

Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 10

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

1. Income from investments
Income from investments
Interest receivable
2. Expenditure on raising funds
Investment management fees
3. Expenditure on charitable activities
Grants (see note 4)
Support and governance costs (see note 5)		 31 Mar 2025
Unrestricted
Total
Funds
£
166,762
4,973
171,735
31 Mar 2025
Unrestricted
Total
Funds
£
24,822
24,822
31 Mar 2025
Unrestricted
Total
Funds
£
780,154
20,574
800,728		 31 Mar 2024
Unrestricted
Total
Funds
£
175,989
5,979
181,968
31 Mar 2024
Unrestricted
Total
Funds
£
27,736
27,736
31 Mar 2024
Unrestricted
Total
Funds
£
891,180
22,781
913,961

Page 11

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

4. Grants awarded to institutions - one payment unless noted
No.
Access Adventures
Action For Kids Charitable Trust; AFK
Activity Club For Children With Special Needs (Berkshire)
Alexander Devine Children's Cancer Trust
Addenbrooke's Charitable Trust
Alder Hey Children's Charity
Ambitious About Autism
BEEP Doctors (BASICS Cumbria) Ltd
Belvoir Cricket & Countryside Trust
BeyondAutism
Bournemouth Symphony Orchestra
Braille Chess Association
Calibre Audio
Cancer Support UK
Cardiac Risk In The Young; CRY
Castel Froma Neuro Care Limited
Cerebral Palsy Plus
Clothing Solutions (for Disabled People)
Cloverleaf Advocacy 2000 Ltd
Coventry Wheelchair Basketball Academy
Crackerjacks Children's Trust
Cyclists Fighting Cancer
Deafblind UK
Demelza Hospice Care for Children
Designability Charity Ltd
Destination Pond Meadow
Disability Information Bureau
Diverse Abilities Plus Ltd.
Dogs for Autism
Down's Syndrome Association
Dressability
Edinburgh Children's Hospital Charity
Event Mobility
Equi-Power Central Scotland RDA
Fire Fighters Charity
Forest Of Avon Trust
Garvald Edinburgh
Go Beyond Charity
Goalball UK
Grange Park Opera - legacy project
Great Western Air Ambulance Charity
Hampshire Hospitals Charity
Handicapped Children's Action Group
Hartpury University & Hartpury College
Hearing Dogs for Deaf People
Heathrow Special Needs Centre
Horatio's Garden
Integrated Neurological Services; INS
Joss Searchlight
Just Kidding		 31 Mar 2025
Unrestricted
Total
Funds
£
No.
5,000
-
1,000
-
125,000
2,500
4,600
2,500
-
-
2,000
-
-
-
-
-
3,000
750
785
1,500
-
5,000
5,000
2,000
-
-
-
-
5,000
-
1,000
-
500
-
5,000
-
-
1,200
-
-
-
150,000
-
-
5,000
2,500
50,000
-
1,500
500
382,835		 31 Mar 2024
Unrestricted
Total
Funds
£
15,048
5,000
1,100
2,000
250,000
-
-
-
728
2,500
-
5,000
5,000
5,000
5,000
5,500
-
-
-
-
5,000
-
5,000
-
6,000
8,000
3,000
3,155
-
4,140
1,000
10,000
500
-
-
500
1,000
-
5,000
50,000
16,500
-
3,708
19,428
-
-
50,000
5,000
-
-
498,807

Page 12

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

4. Grants awarded to institutions (continued) - one payment unless noted
No.
Continued from previous page
Keech Hospice
Kids N'Action
King's College Hospital Charity
La Folia Music
Lennox Childrens Cancer Fund
Life Cycle
Localgiving Foundation; FHDS
London Wheelchair Rugby Club
Lord's Taverners
Make Them Smile
Maxability
Microphthalmia, Anophthalmia & Coloboma Support
Midlands Air Ambulance Charity
Minstead Trust
Momentum Children's Charity
Moorfields Eye Charity
Noah's Ark - The Children's Hospice
North West Wheelchair Rugby
Orchard Hill College
Ospreys Wheelchair Rugby
Over The Wall
Pelton Community Association
Pimlico Opera
Rainbow Trust Children's Charity
Rays of Sunshine
Read for Good
Regain - The Trust for Sports Tetraplegics
Rockinghorse Children's Charity
Royal Hospital Chelsea Appeal Limited
Royal Hospital for Neuro-Disability
Ruby's Fund
Seashell Trust
Spread a Smile
St David's Foundation Foundation Hospice Care
Strength & Learning Through Horses; SLTH
Sunshine Wishes Children's Charity Scio
Support Dogs Limited
The Alkaptonuria Society Ltd
The Basingstoke and Alton Cardiac Rehabilitation Charity Limited
The Bren Project
The British Disabled Angling Association
The Cathedral Church of The Holy And Undivided Trinity of Ely
The Children's Adventure Farm Trust Ltd
The Children's Trust
The Countryside Alliance Foundation
The Disabled Sailors Association
The Douglas Bader Foundation
The Freya Foundation		 31 Mar 2025
Unrestricted
Total
Funds
£
No.
382,835
2,000
500
-
-
-
2,000
-
-
-
-
-
1,000
-
5,000
-
25,000
35,000
5,000
-
5,000
-
-
7,500
-
5,000
10,000
-
5,000
-
2
-
1,500
9,000
3,000
-
-
1,000
5,000
-
-
1,000
3,000
-
1,000
45,287
2,500
-
-
2,000
565,122		 31 Mar 2024
Unrestricted
Total
Funds
£
498,807
-
-
10,000
10,000
5,000
-
2,500
6,500
10,000
9,292
5,000
-
10,152
-
7,000
10,180
-
-
3,951
-
5,000
5,000
7,500
7,840
-
-
7,186
-
23,429
5,000
-
-
-
2,876
5,000
-
-
500
5,000
-
-
3,000
-
-
-
5,000
5,000
-
675,713

Page 13

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

4. Grants awarded to institutions (continued) - one payment unless noted
No.
Continued from previous page
The Hackney Carriage Drivers Charity Trust
The Honeypot Children's Charity
The Inspire Foundation
The JPK Sussex Project
The Lullaby Trust
The Movement Centre for Targeted Training
The Orpheus Centre Trust
The Rose Road Association
The Rossendale Trust Limited
The Royal National College for The Blind; RNC
The Royal National Institute of Blind People; RNIB
The Royal Leicestershire Rutland And Wycliffe Society for The Blind; VISTA
The Royal Veterinary College Animal Care Trust
The Sequal Trust
The Society for Mucopolysacchride Diseases
The Stable Family Home Trust
The Theodora Children's Charity
The Uphill Ski Club of Great Britain
The Wheelyboat Trust
The Whittington Hospital NHS Trust Charitable Funds
The Worshipful Company of Hackney Carriage Drivers Charity
Truman Enterprise Narrowboat Trust
Variety - The Children's Charity
Vehicles for Change
Wallace & Gromit's Children's Foundation
WaveLength Charity Limited
Wessex Children's Hospice Trust
Wetwheels Foundation
Whizz-Kidz
Willow Foundation
Wiltshire and Bath Air Ambulance Charity
Woodwork To Wellness
Yateley Industries for The Disabled Limited
Yorkshire Children's Charity
Yvonne Arnaud Theatre		 31 Mar 2025
Unrestricted
Total
Funds
£
No.
565,122
-
-
33,260
-
3,000
-
8,605
-
5,000
-
-
-
30,000
-
10,000
-
-
5,000
-
10,000
4,500
20,000
-
-
-
-
48,157
11,910
5,000
10,000
3,600
-
2,000
5,000
-
780,154		 31 Mar 2024
Unrestricted
Total
Funds
£
675,713
4,500
5,000
-
500
-
1,000
-
5,000
5,000
7,385
5,000
5,000
-
5,000
10,000
25,000
5,000
-
10,000
-
-
-
39,831
10,000
6,769
1,000
40,097
-
-
20,000
-
2,385
-
-
2,000
891,180

Page 14

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

5. Support and governance costs

5. Support and governance costs
Charles Russell Speechlys fees
Accountant
Bank charges
Governance costs:
Independent examiner's fees		 31 Mar 2025
Unrestricted
Total
Funds
£
13,440
3,744
-
3,390
20,574		 31 Mar 2024
Unrestricted
Total
Funds
£
16,536
2,880
65
3,300
22,781

6. Examiner's fees and Auditor's remuneration

Independent examiner's fees - Examination 31 Mar 2025
Unrestricted
Total
Funds
£
3,390
3,390		 31 Mar 2024
Unrestricted
Total
Funds
£
3,300
3,300

7. Related party transactions

Fees payable to Charles Russell Speechlys, of whom one of the charity's trustees is partner, are authorised under clause 18 of the trust deed. Fees are included with support and governance costs in note 5 with £1,560 (2024: £2,016) accrued the balance sheet date in respect of these fees.

The charity has no employees, all administration being carried out by the trustees and professional advisors. None of the charity's trustees were remunerated.

8. Fixed asset investments

Market value brought forward
Additions at cost
Disposals at carrying value
Gain/(Loss) on revaluation
Market value carried forward
Gains/(losses) on investments:
Unrealised gains/(losses) on Rathbones
Realised gains/(losses) on Waverton		 31 Mar 2025
£
7,326,098
1,769,250
(2,316,720)
(156)
6,778,472
31 Mar 2025
£
(156)
29,639
29,483		 31 Mar 2024
£
7,406,756
1,403,286
(2,174,652)
690,708
7,326,098
31 Mar 2024
£
690,708
(8,611)
682,097

Page 15

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

9. Creditors: amounts falling due within one year

Accruals - Rathbones management fees
Accruals - Waverton management fees
Accruals - Accountant fees
Accruals - Charles Russell Speechlys fees
Accruals - Independent examiner's fees		 31 Mar 2025
Total
Funds
£
6,029
23
3,744
1,560
3,390
14,746		 31 Mar 2024
Total
Funds
£
6,152
150
3,600
2,016
3,300
15,218

10. Net movement in funds

10. Net movement in funds
Unrestricted funds Total funds
brought
forward
£
7,672,385
7,672,385		 Total
incoming
resources
£
171,735
171,735		 Total
resources
expended
£
(825,550)
(825,550)		 Gains/
(losses) on
investments
£
29,483
29,483		 Total funds
carried
forward
£
7,048,053
7,048,053

11. Financial instruments

The carrying amounts of the charity's financial instruments are as follows:

31 Mar 2025
Total
Funds
£
Financial assets
Measured at fair value through net income/(expenditure):
Fixed asset investments
6,778,472
6,778,472
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
31 Mar 2025
Unrestricted
Total
Funds
£
Income and expense
Financial assets measured at fair value through net income/(expenditure)
Investment income
166,762
Investment management fees
(24,822)
141,940
Net gains and losses (including changes In fair value)
Financial assets measured at fair value through net income/(expenditure)
Unrealised gains/(losses) on investments
(156)
Realised gains/(losses) on investments
29,639
29,483		 31 Mar 2024
Total
Funds
£
7,326,098
7,326,098
31 Mar 2024
Unrestricted
Total
Funds
£
175,989
(27,736)
148,253
690,708
(8,611)
682,097

Fixed asset investments are held at fair value with valuations obtained using last traded or closing mid/bid market prices as available.

Page 16

THE GEOFF & FIONA SQUIRE FOUNDATION

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

12. Comparative net movement in funds

12. Comparative net movement in funds
Total funds
Total
brought
incoming
forward
resources
£
£
Unrestricted funds
7,750,017
181,968
7,750,017
181,968
13. Comparative statement of financial activities and net movement in funds		 Total
resources
expended
£
(941,697)
(941,697)
31 March 2024		 Gains/
(losses) on
investments
£
682,097
682,097		 Total funds
carried
forward
£
7,672,385
7,672,385
Note
INCOME AND ENDOWMENTS FROM:
Investments
1
Total
EXPENDITURE ON:
Raising funds - Investment management fees
2
Charitable activities
3
Total
Net gains/(losses) on investments
8
Net income/(expenditure) and movement on funds
RECONCILIATION OF FUNDS
Total funds brought forward
12
Total funds carried forward
10, 12		 31 Mar 2024
Unrestricted
Total
Funds
£
181,968
181,968
27,736
913,961
941,697
682,097
(77,632)
7,750,017
7,672,385

Page 17