COMPANY REGISTRATION NUMBER 06662083
SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
UNAUDITED FINANCIAL STATEMENTS
29 FEBRUARY 2024
Reglstered Charity Number: 1125683

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
CONTENTS
PAGE
Trustees Annual Report
Independent Examinerfs Report
statement of Financial Activities (incorporating the
Income and Expenditure account)
Balance Sheet
Notes to the Finanaal Statements

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
YEAR ENDED 29 FEBRUARY 2024
The Trustees have pleasure in presenting their report and the financial statements of the
Charity for the year ended 29 February 2024. The Trustees confirm that the report and the
financial statements comply with current statutory requirements, the requirements of the
Charity's governing document and relevant accounting standards.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity name
Spiers Family Foundation
Charity registration number
1125683
Registered office
Flat 19
10 Palace Gate
London
W8 5NF
The Trustees
The Trustees who served the Charity during the period were as follows:
J D Spiers
B O F Spiers
H G M Spiers
Independent examiner
MHA
Chartered Accountsnts
2 London Wall Place
London
EC2Y SAU

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT(continued)
YEAR ENDED 29 FEBRUARY 2024
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Governing Document
The Charity is govemed by its memorandum and articles of association dated 1 August 2008.
Organisation
The Trustees meet as required during the period to consider the Charity's strategy and
performan￿. As the Charity is on a relatively small scale at the present time. the Trustees
believe such meetings are adequate to cover the govemance and management
requirements.
Appointment of Trustees
Any person who is willing to act as a Trustee. and who would not be otherwise disqualified
from acting. may be appointed to be a Trustee by a WTitten notice to the Foundation, signed
by a representative of the Member. The Member may specfy temis of office which shall
apply. but rf no term is specified when the Trustee is appointed, he or she shall remain in
office until he or she ceases to hold Offi￿ by rets'rement or removal.
Trustee Induction and Training
Trustee induction is carried out on appointrnent of a Trustee and ongoing training is provided
on fomial and informal basis depending on the situation and as befits a small charity.
OBJECTIVES AND ACTIVITIES
Objectlves
The aim of the Charity is to help disadvantaged people through grants and donations.
The Charity purposely does not define the groups it may make grants to but these are likely
to include children. the elderly. people with disabilities. people of particular ethnic or racial
origin and other Charities or voluntary bodes.
Activities
In the period under review the Charity made grants totalling £199,909. details of whith are
provided in the following pages.

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT (eontinued)
YEAR ENDED 29 FEBRUARY 2024
OBJECTIVES AND ACTIVITIES (contlnued)
Achievement and Performance
The charity received donations totalling £368,993 in the period. It has made grants to 6
charitable organisations in the period as set out in Note 3.
FINANCIAL REVIEW
The results of the perFod's operations are set out in the attached financAal statements. The
Charity made a surplus of £166,520. Total funds at the year end were £192.197, and
unrestricted reserves were £192,197.
Public benefit
We have referred to the guidan￿ contained in the Charity Commission's general guidance
on public benefit when reviewing our aims and objectives and in planning our future activities.
In particular the Trustees consider how planned activities will contribute to the aims and
objectives they have set and that the grants made in the period demonstrate the Charity's
public benefit.
Reserves policy
The Trustees monitor the reserves as they consider appropriate. At present no grant
commitments are made unless funds are available and the Charity does not have any other
expenditure. The total unrestricted reserves as at 29 February 2024 were £192.197.
RISK POUCY
The Trustees have reviewed the key risks to which the Charity is exposed together with
operating, financial and compliance controls that have been implemented to mitigate those
risks. This process is regularly reviewed by the Trustees.

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT (continuodj
YEAR ENDED 29 FEBRUARY 2024
PLANS FOR FUTURE PERIODS
The Charity aims to continue its grant-giving work when surtable projects are identified and
funds are available.
Signed by order of the Trustees on
Is k A.ithSF 2014
J D SPIERS
Trustee

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT YEAR ENDED 29 FEBRUARY 2024
I report to the Charity Trustees on my examination of the accounts of ￿ Company for the
year ended 29 February 2024 set out on pages 7 to 14.
Respective responsibilities of trustees and examiners
As the charity's trustees of the Company (and also its directors for the purposes of company
law) you are responsible for the preparation of the accounts in accordance with the
requirements
of
the
Companies
Act
2006
(Yhe
2006
Act,).
Having satisfied myself that the accounts of the Company are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect
of my examination of your charity's accounts as carried out under section 145 of the Charities
Act 2011 ('the 2011 Acf ). In carying out my examination I have followed the Directions given
by the Charity Commission under secb'on 145(5) (b) of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I confimi that no matters have come to my attention in
connection with the examination giving me cause to believe..
1. accounting records were not kept in respect of the Cotnpany as required by section 386 of
the 2006 Act. or
2. the accounts do not accord with those records; or
3. the accounts do nol comply with the accounting requirements of sectÉon 396 of the 2006
Act 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: or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practits for accounting and reporting by charities [applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection )Mth the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT YEAR ENDED 29 FEBRUARY 2024
This report is made solely to the Charity's Trustees. as a body, in accordance with section
145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work
has been undertaken so that I might state to the Charity's Trustees those matters l am
required to state to them in an Independent Examinerfs Report and for no other purpose. To
the fullest extent permitted by law. I do not accept or assume responsibility to anyone other
than the Charity and the Charity's Trustees as a body. for my work or for this report.
Rakesh Shaunak FCA
MHA
2 London Wall Place
London EC2Y SAU

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING THE
INCOME AND EXPENDITURE ACCOUNT)
YEAR ENDED 29 FEBRUARY 2024
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Note
INCOMING RESOURCES
Donations
368,993
368,993
289,824
TOTAL INCOMING
RESOURCES
368.993
368,993
289,824
EXPENDITURE
Charitable activities
Other costs
199.909
2,564
199,909
2,564
367.854
2.392
TOTAL EXPENDITURE
202.473
202,473
370.246
NET SURPLUSI(DEFICIT)
FOR THE YEAR
166.520
166,520
{80,422)
NET MOVEMENT IN FUNDS
166,520
166,520
(80,422)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
25,677
25.6TT
106,099
192,197
192,197
25,677
Atl of the above amounts relate to continuing activities.
The notes on pages 9 to 14 forni part of these Ilnanclal ststements.

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
YEAR ENDED 29 FEBRUARY 2024
2024
2023
CURRENT ASSETS
Cash at bank and in hand
194,147
194,147
27,627
27,627
CREDITORS.. Amounts falling due 10
within one year
1.950
1,950
NET CURRENT ASSErs
192.197
25,677
TOTAL ASSEfs LESS CURRENT
LIABILITIES
192.197
25.677
FUNDS
Unrestricted income funds
11
192,197
25,677
TOTAL FUNDS
192.197
25.677
The Trustees consider that the Charty is entitled to exemption from the requirement to have
an audit under the provisions of section 477 of the Companies Act 2006 (Ihe Act") and
members have not required the Charity to obtain an audtt for the year in question in
accordance with section 476 of the ACL
The Trustees acknowledge their responsibilitie5 for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of financial
slatements.
These financial statements were approved by the Trustees and authorised for issue on isk
and are signed on their behalf by:
Try
J D SPIERS
Trustee
The notes on pages 9 to 14 fomi part of these financial statements.

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
GENERAL INFORMATION
Spiers Family Foundation Limited is a Charity registered in England and Wales. The
registered charity number is 1125683 and its registered company number is 06662083.
The registered office is given in the Trustees Annual Report.
The financial statements are presented in pound sterfing which is the functional currency
of the Charity and rounded to the nearest pound.
ACCOUNTING POLICIES
a) Basis of accounting
The financial statements have been prepared in accordan￿ with Accounting and
Reporting by Charitie5: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with Section 1A of Financial Reporting Standard
102. the Financial Reporting Stsndard applicable in the UK and the Republic of Ireland
and the Companies Act 2006. The financial statements are prepared on a going concern
basis under the historical cost convention, modified to include certain items at fair value.
b) Cash flow statement
The Trustees have taken advantage of the exemption in Section 1A of Financial
Reporting Standard 102 from including a cash ftow statement in the financial statements
on the grounds that the Charity is small.
c) Incoming resources
All incoming resources are included in the statement of financial activities when the
Charity is legally entitled to the income and the amount C2n be quantified with
reasonable accuracy.
Gifts in kind donated are included at valuation and recognised as income when they are
distributed to projects. Gifts donated for resale are included as gifts when they are sold.
Donated facilities are included at the value to the Charity where this can be quantified
and a third paty is bearing the cost. No amounts are induded in the financial ststements
for services donated by volunteers.
Income tax recoverable in relation to investment income or gift aid donations is
recognised at the time the relevant income is rer£rvable.
d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objects of the Charity and which have not been
designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees
for particular purposes. The aim and use of each designated fund is set out in the notes
to the financial statements.

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
d) Fund accounting (continued)
Restricted funds are funds which are to be used in accordance with spectfic restrictions
imposed by donors which have been raised by the Charity for particular purposes. The
cost of raising and administering such funds are charged against the specific fund. The
aim and use of each restricted fund is set out in the notes to the financial statements.
Statutory grants which are given as contribukn'ons towards the Charitys core activities are
treated as unrestricted.
e) Resources expended
All expenditure is accounted for on an accruals basis and has been included under
expense categories that aggregate all costs for alloCat￿n to activities. Support costs,
which cannot be directly attributed to partrcular activities, have been apportioned
proportionately to the activities. G0Veman￿ costs indude the costs of Trustees,
meetings, audit and strategic planning.
Grants payable are charged in the period the offer is conveyed to the recipient except in
those cases where the offer is conditional. such grants being recognised as expenditure
where the conditions attaching are fulfilled. Grants offered subject to conditions which
have not been met at the period end are noted as a commitment. but not accrued as
expenditure.
fj 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 'nel gains l (losses) on investments, in the SOFA rf the shares are
publicly traded or their fair value can otherwtse be measured reliably.
g) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid after taking account of
any trade discounts due.
h) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments
with a short maturity of three months or less from the date of acquisition or opening of
the deposit or similar account.
l) Creditors and provisions
Creditors and provisions are recognised where the Charity has a present obligation
resulting from a past event that will probably result in the transfer of funds lo a third party
and the amount due to settle the obligation can be measured or estimated reliably.
Creditors and provisions are nortnally recognised at their settlement amount after
allowing for any trade discounts due.
10

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
j) Financial instruments
The tnjst only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic finanaal instrumenls are initially recognised at transaction
value and subsequently measured at their settiement value with the exception of bank
loans which are subsequently measured at the carrying value plus accrued interest less
repayments. The fjnancing charge to expenditure is at a constant rate calculated using
the effective interest method.
k) 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
concem.
INCOME FROM DONATIONS
Unrestricted Restricted
Funds
Funds
Total
Funds
2024
Total
Funds
2023
Donations re￿1vable
368,993
368,993
289,824
368,993
368,993
289,824
11

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL sTATEME￿rs
YEAR ENDED 29 FEBRUARY 2024
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Grants payable:
Silverstone Heritage
CSJ Foundation
TFN
Clare College
The Visionaries
Education
UBS Optimus
KAA Intrepidus
Forum Apulam
Wave Trust
25,000
25,000
25,000
1.050
25,000
1.050
500,000
25,000
144,917
14,000
138,359
17,500
3,000
15.000
138,359
17,500
3,000
15.000
199,909
199,909
733,917
OTHER COSTS
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Accountancy fees
Bank charges
2,040
524
2.040
524
2,010
382
2,564
2,564
2,392
There were no support costs incurred by the company.
NET INCOMING RESOURCES FOR THE PERIOD
This is stated after charging:
2024
2023
Independent examination fees
2.040
2,010
12

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
7. TRUSTEES, REMUNERATION
The Trustees netther received nor waived any remuneration during the year (2023: £nil).
EMPLOYEES
The average monthly number of employees. including Trustees. during the year was 3
(2023 - 3). There were no staff costs inCu￿ed during the year.
CASH AT BANK
2024
2023
Cash at bank
194,147
194.147
27,627
27,627
10. CREDITORS.. Amounts falling due within one year
2024
2023
Accruals and deferred income
1,950
1,950
1,950
1,950
11. UNRESTRICTED INCOME FUNDS
1 March
2023
Incoming
resources
Outgoing
resources
29 February
2024
General funds
25.677
368.993
(202,473)
192,197
25,677
368.993
{202,473)
192,197
12. ANALYSIS OF ASSETS BETWEEN FUNDS
Net
current
assets
2024
Total
2023
Total
Investments
Restricted Income Funds
Unrestricted Income Funds
192,197
192,197
192,197
192,197
25,677
Total Funds
25.677
13

SPIERS FAMILY FOUNDATION LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
13. RELATED PARTY TRANSACTIONS
The donations in the cu￿ent and previous year were received from J D Spiers, a
Trustee.
14