**REGISTERED CHARITY NUMBER: 1085985** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** ## **FOR** ## **THE STANLEY FOSTER CHARITABLE TRUST** Edwards Chartered Accountants 409-411 Croydon Road Beckenham Kent BR3 3PP **THE STANLEY FOSTER CHARITABLE TRUST** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|8| |**Detailed Statement of Financial Activities**||9|| **THE STANLEY FOSTER CHARITABLE TRUST** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** The trustees present their report with the financial statements of the charity for the period 6 April 2023 to 5 October 2024. The trustees have adopted the provisions of 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 Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1085985 ## **Principal address** 17 Lankton Close Beckenham Kent BR3 5DZ ## **Trustees** Ms N A Harris Ms J M Nevett J M G Hamilton-Sharp ## **Independent Examiner** John Duggan Edwards Chartered Accountants 409-411 Croydon Road Beckenham Kent BR3 3PP Approved by order of the board of trustees on 16 December 2024 and signed on its behalf by: J M G Hamilton-Sharp - Trustee Page 1 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STANLEY FOSTER CHARITABLE TRUST** ## **Independent examiner's report to the trustees of The Stanley Foster Charitable Trust** I report to the charity trustees on my examination of the accounts of The Stanley Foster Charitable Trust (the Trust) for the period 6 April 2023 to 5 October 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 Trust 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. John Duggan Edwards Chartered Accountants 409-411 Croydon Road Beckenham Kent BR3 3PP 16 December 2024 Page 2 **THE STANLEY FOSTER CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** |Unrestricted
Endowment
funds
fund
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Investment income
2
**53,921**
**-**
**EXPENDITURE ON**
Raising funds
**-**
**-**
Other
**37,210**
**-**
**Total**
**37,210**
**-**
**NET INCOME**
**16,711**
**-**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**8,697**
**590,922**
**TOTAL FUNDS CARRIED FORWARD**
**25,408**
**590,922**|**Period**
**6/4/23**
**to**
Year Ended
**5/10/24**
5/4/23
**Total**
Total
**funds**
funds
**£**
£
**53,921**
31,538
**-**
(31,623)
**37,210**
25,500
**37,210**
(6,123)
**16,711**
37,661
**599,619**
561,958
**616,330**
599,619| |---|---| The notes form part of these financial statements Page 3 ## **THE STANLEY FOSTER CHARITABLE TRUST** ## **BALANCE SHEET 5 OCTOBER 2024** |Notes
**FIXED ASSETS**
Investments
5
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
8
Unrestricted funds
Endowment funds
**TOTAL FUNDS**|Unrestricted
funds
£
**-**
**969**
**28,092**
**29,061**
**(3,653)**
**25,408**
**25,408**
**25,408**|Endowment
fund
£
**585,376**
**-**
**5,546**
**5,546**
**-**
**5,546**
**590,922**
**590,922**|**2024**
**Total**
**funds**
**£**
**585,376**
**969**
**33,638**
**34,607**
**(3,653)**
**30,954**
**616,330**
**616,330**
**25,408**
**590,922**
**616,330**|2023
Total
funds
£
585,378
638
16,824
17,462
(3,221)
14,241
599,619
599,619
8,697
590,922
599,619| |---|---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2024 and were signed on its behalf by: J M G Hamilton-Sharp - Trustee The notes form part of these financial statements Page 4 **THE STANLEY FOSTER CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||**Period**|| ||**6/4/23**|| ||**to**|Year Ended| ||**5/10/24**|5/4/23| ||**£**|£| |Interest receivable|**117**|35| |Investment income|**53,804**|31,503| ||**53,921**|31,538| Page 5 continued... **THE STANLEY FOSTER CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 5 October 2024 nor for the year ended 5 April 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 5 October 2024 nor for the year ended 5 April 2023. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Endowment
funds
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Investment income
31,538
-
**EXPENDITURE ON**
Raising funds
-
(31,623)
Other
25,500
-
**Total**
25,500
(31,623)
**NET INCOME**
6,038
31,623
**RECONCILIATION OF FUNDS**
Total funds brought forward
2,659
559,299
**TOTAL FUNDS CARRIED FORWARD**
8,697
590,922
**5.**
**FIXED ASSET INVESTMENTS**
Listed
Unlisted
investments
investments
£
£
**COST**
At 6 April 2023
**557,650**
**27,728**
Disposals
**(2)**
**-**
At 5 October 2024
**557,648**
**27,728**
**NET BOOK VALUE**
At 5 October 2024
**557,648**
**27,728**
At 5 April 2023
557,650
27,728|Total
funds
£
31,538
(31,623)
25,500
(6,123)
37,661
561,958
599,619
Totals
£
**585,378**
**(2)**
**585,376**
**585,376**
585,378| |---|---| There were no investment assets outside the UK. The market value of the charity's listed investments was £714,546 (2023:£661,973). Page 6 continued... **THE STANLEY FOSTER CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** |**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
At 6/4/23
£
**Unrestricted funds**
General fund
**8,697**
**Endowment funds**
Endowment fund
**590,922**
**TOTAL FUNDS**
**599,619**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**53,921**
**TOTAL FUNDS**
**53,921**
**Comparatives for movement in funds**
At 6/4/22
£
**Unrestricted funds**
General fund
2,659
**Endowment funds**
Endowment fund
559,299
**TOTAL FUNDS**
561,958|**2024**
2023
**£**
£
**969**
638
**2024**
2023
**£**
£
**3,653**
3,221
Net
movement
At
in funds
5/10/24
£
£
**16,711**
**25,408**
**-**
**590,922**
**16,711**
**616,330**
Resources
Movement
expended
in funds
£
£
**(37,210)**
**16,711**
**(37,210)**
**16,711**
Net
movement
At
in funds
5/4/23
£
£
6,038
8,697
31,623
590,922
37,661
599,619| |---|---| continued... Page 7 **THE STANLEY FOSTER CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|31,538|(25,500)|6,038| |**Endowment funds**|||| |Endowment fund|-|31,623|31,623| |**TOTAL FUNDS**|31,538|6,123|37,661| The endowment fund includes £94,846 of realised capital gains. ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 5 October 2024. Page 8 **THE STANLEY FOSTER CHARITABLE TRUST** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 6 APRIL 2023 TO 5 OCTOBER 2024** ||Period||| |---|---|---|---| ||6/4/23||| ||to|Year En|ded| ||5/10/24|5/4/23|| ||£|£|| |**INCOME AND ENDOWMENTS**|||| |**Investment income**|||| |Interest receivable|**117**|35|| |Investment income|**53,804**|31,503|| ||**53,921**|31,538|| |**Total incoming resources**|**53,921**|31,538|| |**EXPENDITURE**|||| |**Raising donations and legacies**|||| |Loss on sale of tangible fixed assets|**-**|(31,623)|| |**Other**|||| |Donations|**26,100**|24,600|| |**Support costs**|||| |**Governance costs**|||| |Accountancy and legal fees|**11,110**|900|| |Total resources expended|**37,210**|(6,123)|| |**Net income**|**16,711**|37,661|| This page does not form part of the statutory financial statements Page 9