Registered number: 1125683
Charity number: 06662083
SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEPIIENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee}
CONTENTS
Page
Reference and admlnistrative details of the Company. its Trustees and advisers
Trustees. report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the financlal statements
8-16

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY. TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Trustees
J D Spiers
B O F Spiers
H G M Spiers
Company registered
number
1125683
Charity registered
number
06662083
Registered offi¢e
Flat 19
10 Palace Gate
London
W8 5NF
Accountants
MHA
Chartered Accountants
6th Floor
2 London Wall Place
London
EC2Y SAU
Page 1

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
The Trustees have pleasure in presenting their report and the financial statements of Ihe Charity for the year
ended 28 February 2025. The Truslees confirm that the report and the financial statements Comply with current
statutory requirements, the requirements of the Charivs goveming document and relevant accounting
standards.
Struclure, Governance and Management
. Governlng Document
The Charity is govemed by its rnemorandum and articles of association dated 1 August 2008.
b. Organisation
The Trustees meet as required during the period to consider the Chariws strategy and perfomiance. As the
Charity is on a relatively small scale at the present time. the Trustees believe suth meetings are adequate to
cover the govemance and management requirements.
c. Appolnlment of Trustees
Any person who is willing to act as a Trustee, and who w(yJld not be otherwise disqualified from acting, may be
appointed to be a Trustee by a written notice to the Foundation, signed by a representstive of the Member. The
Member may specify term5 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 I￿ld office by retirement or removal.
d. Trustee Inductlon and Training
Trustee induction is carried oul on appointment of a Trustee and ongoing trainirYJ is provided on forn￿1 and
informal basis depending on the situation and as befits a small tharity.
Objectlves and Activities
. Objectlves
The aim of the Chaiity is to help disadvantaged people through grants and donations.
The Charity purposely does not define the groups Ft may make grants to but these are likely to include children.
the elderly, people with disatxlities, people of partTrcular ethnic or ractal origin and oiher Charities or voluntary
bodes.
b. Actlvities
In the period under review the Charity made grants totalling £339,535, details of which are provided in the
following pages.
c. Achievement and Perfomiance
The charity received donations totalling £207.647 in the period. It has made grants to 3 charitable organisations
in the period as set out in Note 5.
Page 2

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Financial Review
. Review
The results of the period's operations are set out in the attached financial Statements. The Charity had a deficit of
£134,619 in the year. Total funds at the year end were £57.578. and unrestricted reserves were £57,578.
b. Pulbic Benefit
We have referred to the guidance contsined 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 VMII contribute to the aims and objectives they have set and that the grants made in the
period demonstrate the Charitys public benefit.
c. Reserves Policy
The Trustees monrtor the reserves as they consider appropriate. At present no grant commltments are made
unless funds are available and the Charity does not have any other expenditure. The total unrestricted reseNes
as at 28 February 2025 were £57.578.
Risk Policy
a. Policies
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 regularfy reviewed by
the Trustees.
Plans for future perlods
The Charity aims to continue its grant-giving work when suitable projects are identtfied and funds are available.
Page 3

SPIERS FAMILY FOUNDATION LIMrrED
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the Company and of ils incoming resources and application of resources, including its
income and expenditure. for that period. In preparing these financial statements, the Trustees are required to-.
select suitable accounting policies and then apply them consistently..
observe the methods and principles of the Charities SORP {FRS 102);
make judgments and acGounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 102) have been followed. subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose with reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial statements Comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the toard of Trustees and signed on their behalf by:
J D Spiers
Trustee
Date." Ei Gl l
Page 4

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee
INDEPENDENT EXAPJtINER'S REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
Independent examiner's report to the Trustees of Splers Family Foundation Llmited ('the
Compan￿}
report to the charity Trustees on my examination of the accounts of the Company for the year ended 28
February 2025.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordan￿ with the requirements of the Companies Act 2006 (Ihe 2006 Act,).
Having satisfied myself that the accounts of Ihe Company are not required to be audited under Part 16 of Ihe
2006 Act and are eligible for independent examination. I report in respect of my examination of the Companls
accounts carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act.). In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145(5Mb) of the 201 l Act.
Independent examinerfs ststement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination gtving me ￿￿Se to believe:
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.,
or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a Irue and faie view which is not a matter considered as part of
an independent examination,. or
the accounts have not been prepared in accordance the methods and principles of the Ststement of
Recommended Practice for accounting and reporting by tharities lapplicable to charities preparing Ihelr
accounts in accordance viith the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102)].
I have no concems and have come across no other matters in connectii)n wth the examination to which
attention should be drawn in this report in (Kder to enable a proper understanding of the accounts to be reached.
This report is made solely to the CoMpan￿S Twstees. as a body. in accordance wth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Cornpanls
Truslees those matters l am required to state to them in an Independent examinerfs report and for no other
purpose. To the fvllest extent pemiitled by law. I do not accept or assume responsibility lo anyone other than the
Company and the CoMpan￿S Trustees as a body. for my Y￿rk or for this reporL
Signed-
Dated:
Rakesh Shaunak FCA
London. United Kingdom
Page S

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 28 FEBRUARY 2025
Unreslrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Nole
Income from:
Donations and legacies
207.647
207,647
368,993
Total income
207.647
207.647
368,993
Expenditure on:
Charitable activities
Other expenditure
339.535
2,731
339,535
2,731
199,909
2,564
Total expenditure
342,266
342,266
202,473
Net movernent in funds
(134,619)
{134.6191
166,520
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
192,197
(134,619)
192,197
(134,619)
25,677
166,520
Total funds carried fonvard
57,578
57,578
192.197
The Statement of finanual activities includes all gains and losses recognised in the year.
The notes on pages 8 to 16 form part of these financial statements.
Page 6

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
REGISTERED NUMBER." 1125683
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February
2025
29 Febmary
2024
Note
Current assets
Cash at bank and In hand
59.678
194, 147
59.678
194,147
Credf(ors: amounts falling due within one
year
10
(2,100)
(1,950)
Net current assets
57,578
192,197
Total net assets
57,578
192,197
Charity funds
Restricted funds
Unrestricted funds
11
11
57,578
192, 197
Total funds
57.578
192, 197
The Company was entiued to exempiion from audit under section 477 of the Companres Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying V￿th the requirements of the Act Iwth respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wtih the prowsions applicable to entities subject to
the small cornpanies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.
J D Spiers
Trustee
Date: kn1￿1
The notes on pages 8 to 16 form part of these financial statements.
Page 7

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
General Inforniation
Spiers Family Foundation Limited is a Charity registered in England and Wales. The registered charity
number is 1125683 and rts registered company number is 06662083. The registered office is given in the
Trustees Annual ReporL
The finanaal statements are presented in pound sterting which is the functional currency of the Charity
and rounded to the nearest pourKI.
Accounting poll¢les
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the CharTti6s SORP (FRS 102) -
Accounting and Reporting by Charities: Statement ot Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) {effedive 1 January 2019). the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
Spiers Family Foundation Limited rrbeets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting poliw.
2.2 Income
All income is recognised once the Company has enlitlement to the income, it is probable that the
income will be received and the amount of income receivable can be rneasured reliably.
2.3 Expenditure
Expenditure is recognised On￿ there is a legal or construdive obligation to transfer economic benefit
to a third party. it is probable that a transfer of economic benefits will be ￿qUired in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs. including support costs
involved in undertaking each activty- Direct costs attributable to a single activity are allocated directly
lo that activity- Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned betsveen those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Companvs objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being re(x)gnised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
cornmitment, but not accrued as expendtlure.
All expenditure is inclusive of irrecoverable VAT.
Page 8

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Accountlng policies {contlnuedl
2.4 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-tern highly liquid investments with a short maturity
of three months or tess Irom the date of acquisition or opening of the deposit or similar account.
2.5 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, tt is probable that a transfer of economic benefit will be required in settlement, and the amount
of the sethement can be estimated reliably.
Liabilities are recognised at the amount that the Company anlicipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or seNices it must provide.
Provisions a￿ measured at the best estrmate of the amounts required to settle the obligatton. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre•tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activttses as a finan￿ cost.
2.6 Financial instruments
The Company only has finanaal assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value the exception of bank loans which are subsequently
measured at amortised cost uslng the effecttve Inte￿St method.
2.7 Fund accounling
General funds are unrestricted funds which are available for use at the discretion of the Truslees in
furtherance of the general objectives of the Cornpany and vh]ich have not been designated for other
purposes.
Page 9

SPIERS FAMILY FOUNDATION LIMrrED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Income from donations
Unrestri¢ted
funds
2025
Total
funds
2025
Donations
207.647
207,647
Unrestrided
fvnds
2024
Total
funds
2024
Donations
368,993
368,993
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2025
Total
2025
Grants payable
339.535
339,535
Unrestricted
fvnds
2024
Total
2024
Grants payable
199.909
199.909
Page 10

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Analysis of grants
Grants to
Institutions
2025
Total
funds
2025
Grants payable
339.535
339,535
Grants to
Institutions
2024
Total
funds
2024
Grants payable
199,9Q9
199.909
The Company has made the fdlowbng material grants to institutions during the year
28 Febwary 29 February
2025
2024
Name of institutlon
Wave Trust
CSJ Foundation
UBS Optimus
KM Intrepidus
Forum Apulam
TFN
15.000
25.000
138,359
17,500
25,000
294,535
20,000
1,050
339.535
199,909
Page 11

SPIERS FAMILY FOUNDATION LIMITED
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Other expenditure
Unrestricted
funds
2025
Total
funds
2025
Accountancy fees
Bank charges
2,250
481
2,250
481
2,731
2,731
Unrestricted
funds
2024
Total
funds
2024
Accountancy fees
Bank charges
2,040
524
2.040
524
2,564
2,564
Independent examiner's remuneration
2025
2024
Fees payable to the Companls independent examiner for the independent
examination of the Companrfs annual accounts
1100
2,040
Staff cosls
The Foundation did not have any employees in either year.
Page 12

SPIERS FAMILY FOUNDATION LIMITED
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Truslees. remuneration and expenses
During the year. no Trustees received any remuneration or other beneffts (2024- £NIL).
During the year ended 28 February 2025. no Trustee expenses have been incurred (2024 - £NILJ.
10. Creditors: Amounts falling due wlthin one year
28 February 29 Febmary
2025
2024
Accwals and deferred income
2,100
1,950
Page 13

SPIERS FAMILY FOUNDATION LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
11. Statement of funds
Statement of funds - current year
Balance at
28 February
2025
Balance at 1
March 2024
Income Expendituro
Unrestrlcted funds
General Funds
192,197
207.647
(342,266>
57,578
Statement of funds - prior year
Balance at
l March
2023
8alance at
29 February
2024
Income Expenditure
Unrestrlcted funds
General Funds
25,677
368,993
(202.473)
192, 197
Page 14

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
12. Summary of funds
Summary of funds - current year
Balance at
28 February
2025
Balance at 1
March 2024
Income Expenditure
General funds
192.197
207.647
(342.266)
57.578
Summary of funds- prioryear
Balance at
l March
2023
Balance at
29 February
2024
Income Expenditure
General funds
25,677
368,993
(202.473)
192,197
Page 15

SPIERS FAMILY FOUNDATION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
13. Analysis of net assets between funds
Analysls of net assets between funds - current year
Unrestrlcted
Total
funds
funds
28 February 28 February
2025
2025
Current assets
Creditors due within one year
59,678
(2,100)
59,678
(2,100)
Total
57,578
57,578
Analysls of net assets between funds - prior year
Unrestncted
Total
funds
ftinds
29 February 29 February
2024
2024
Current assets
Creditors due within one year
194,147
(1,950)
194,147
(1,950)
Total
192.197
192,197
14.
Related party transactions
The donations in the currant and previcyjs year were re￿iVed froffl J D Spiers, a Trustee.
Page 16