Charlty registratSon number 1128055 (England and Walesl THE SIOBHAN DOWD TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 THE SIOBHAN DOWD TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Anthony Bradman Lady Rachel Billington Hilary Delamere John Theis Julia EcclÈsharÈ Charity number 1128055 Registered office 6b Lee Terrace Blackheath London SE3 9TX Independent examiner Tark Taylor HW Fisher Profe55ional Service5 Limited Acre House 11-IS William Road London NWI 3ER United KinEdom Bankers HSBC 141 High Street 8eckenhÈm Kent BR3 IBX THE SIOBHAN DOWD TRUST CONTENTS Page Trustees. report Independent examiner's report StatÈmÈnt of financial attivitiÈs Balance sheet Notes to the financial statement5 THE SIOBHAN DOWD TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present their annual report and flnanclal statements for the year ended 5 April 2025. The accounts have been prepared in 3icordance with the aciounting poliiie5 set out in note I to the 31count5 and comply with the Charity'5 Deed of Trust, the Ch3rities Ait 2011 and "Aicounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" la5 atnended for accounting period5 commencing frorn l January 20191. Objective5 and activities The objective of the Trust. È5 5Èt out in thè CharitablÈ Trust Deèd, 15 for thÈ trustÈe5 to provide financial È55iStÈnce to benefit any child or Ihildren who are under the age of ÈightÈÈn yÈar5 and who are in finÈncial or other need who livÉ in England and Wales to further their education and developtnent by assisting such child or Ihildren in relation to their reading and for any other charitable purpose. The trustees, grant making policy is generally to make donation5 to registered charitsble organi5ation5 and schools (not individualsl which support a wide range of causes. The trustees, have complied with their duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Achlevements and performance During the year the Trust generated incoming resources of £49,950 12024.. £62,967) which enabled the charity to make multiple Erants. The Trustees reviewed and accepted grant applications during the year under ￿vIeW. During the year, the Trust made grants totalling £62,92112024.. £30,3281. Flnanclal revlew The Trust received income from royatties which amounted to £49,11012024.. £62,318). In addition, during the year the Trust received interest of £84012024.. £6491. The Trust incurred total expenses of £68,59112024.. £39,761), which include5 grants payable of £62,92112024.. £30,328). Reserves policy It is the policy of the Charity to maintain unrestricted funds (free reserves) at a level which covers management and administration costs and to respond to emergency applications for grant5 which arise from time to time. The charity doe5 not hold any investments and only receives a minimal amount of bank interest. Grants and other expenses are met by income received from royalties, however, in situations where the income is insufficient to meet the annual expenditure. the reserves are required to make up any shortfall out of capital. The unrestricted funds of the Charity as at 5 April 2025 amounted to £82,090 12024.. £100,731). This level is deemed sufficient by the trustees to meet the above requirements. The trustees have considered the major rlsks to which the charity m3y be exposed, and are satisfied that systems are in place to mitigate exposure to these risks. StructurÈ. Bovernante and martagemènt The 5iobhan Dowd Trust is registered with the Charity Commissioners (No 11280551 and constituted by the Will of Siobhan Dowd who died on 21 August 2007. The Trustee who have senfed during the year and sinte the year end arÈ set out below.. Anthony Bradman Lady R3chel Billington Hilary De13mere John Theis Julia Eccleshare THE SIOBHAN DOWD TRUST TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2025 Current trustees have the power ro appoint new trustees. The minimum number of truttees Is rhree. The trustees meet to review and assess grant applications during the year. Future plans The Trustees continue to review the level of grants awarded in li8ht of the declining levels of funds as the trusts income streams naturally begin to reduce. The Trustees will continue to monitor the level of funds and should the fundin8 levels reduce to 3 significantly low level, will seek to nominate a successor charity whose aims and objectives match that of the trust to receive any remaining Incomes due to the trust. The Trustees. report was approved by the Board ofTrustees. John Theis Trustee 27 Jan 2026 Date: .............. THE SIOBHAN DOWD TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SIOBHAN DOWD TRUST I report to the Trustees on my examination of the flnanclal statements of The Siobhan Dowd Trust Ithe Chariryl for the year Ènded 5 April 2025. Respon5ibilitie5 and basis of report As rhe Trustees of the Charity YOU are responsible for the preparation of the financial statements In accordance with the requirements of the Charities Act 2011 Ithe 2011 Act). I rèport in rÈspÈct of my Èxamination of the Charity's financial statÉmÈnts tarried out undÈr sertion 145 of thÈ Charities Act 2011. In cÈrrying out my Èxamination I have followed the Dirertions given by thè Charity Commi55ion under 5Èttion 14515llbl of the Charities Act 2011. Independent exarniner'5 Statement I have completed tny exarnination. I confirm that no matters havè COMÈ to my attention in tonnectlon wlth the Èxamination giving MÈ cause to believe that in any m3tÈrlal respett.. accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011. the financi31 staternent5 (lo not accord with those record5', or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not è matter considered as part of an independent examination. I have no concern5 and have come acr055 no other matters in connection with the examination to which attention should be drawn in thi5 report in order to en3ble a proper understanding of the financial 5tatement5 to be reached. Mark Taylor HW Fisher Profe55ional Service5 Limited Acre House 11-15 William Road London NWI 3ER United Kingdom 28 Jan 2026 Dated.. THE SIOBHAN DOWD TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2025 Unrestrfjcted funds 2025 Unrestrlcted funds 2024 Notes Income and endowments from.. Investments 840 49.110 649 62.318 Other income Total income 49,950 62,967 Expendlture on: Charitable activities 68,591 39,761 Net incornellexpenditurel for the yearl Net movement In funds 118,6411 23,206 Fund b313nce5 at 6 April 2024 ICK).731 77,525 Fund balances at 5 April 2025 82,090 100,731 The statement of financial 3ctivitie5 includes all gains and105ses recognised in the year. All incorne and expenditure derive from continuing activities. THE SIOBHAN DOWD TRUST BALANCE SHEET AS AT 5 APRIL 2025 2025 2024 Notes Current assets Debtors sh at bank and in hand io 1,000 92,727 133,841 93,727 111,6371 133,841 133,1101 Credltors= amounts falllng due whhln one year li Net turrent a$set5 82,090 ICQ,731 Income funds Unrestricted funds 82,090 I(￿,731 82,090 100,731 27 Jan 2026 The financi31 statements were approved by the Trustees on......................... John Theis Trustee THE SIOBHAN DOWD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accountlng polltles Charity information The Siobhan Dowd Trust is a charity registered In England & Wales Inumber.. 11280551 established on 13 February 2009. The registered address Is 6b Lee Terrace, B13ckheath, London, 5E3 9TX. 1.1 Accouhtlng tonventlo The accounts have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and 'Accountine and Reporting by Ch3rities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting St3ndard 8pplicable in the UK and Republic of Irel8nd IFRS 1021" las amended for 8ccounting periods commencing from l J8nu3ry 20191. The Charity is a Public Benefit Entity as defined by FR5 102. The Charity has taken advantage of the provislons in the SORP for Charities applying FRS 102 Update Bulletin I not to preparè StatÈment of Cash Flows. The financi81 staternents are prepared in sterling, which 15 the fuDction31 currency of the Charity. Monetary amounts in these financial stHtement5 3re rounded to the ne4re5t £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. l.Z Golng concern At the time of approving the financial statements, the Trustees have a reasonable expect3tion that the Charity ha5 adequate resources to continue in oper3tional existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of 4ccounting in preparing the financi41 statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. 1.4 Incoming resources All income is rÉcognised ontÈ thè tharity has ÈntitlemÈnt to the intomÈ. thÈrÈ is sufficient cÈrtÈinty or rÈcÈipt Ènd $0 it is probable that the incomÈ will be rÈceivÈd. and the amount of intome rÈtÈivÈble tÉn bÈ mÈÈsurÈd rÈliably. Income from royalties is recoenised on a receivable basis. l.S Resources expended Liabilitie5 are recognisÈd as Èxpènditure onte thÈrÈ is a legal or tonstruttivÈ obligÈtion tommitting thè Charity to thÈt expÉnditurÈ, it is probablÈ that settlement will be rÈquirÈd Ènd thÈ Èmount of the obligation tan bè mÈasured reliablv. ExpÈnditurÈ is atcountÈd for on an attruals ba51S. Grants payable cornpri5e donations directly related to the objects of the charitv. Support costs re13te to expenditure incurred in dealing with the adtninistration of the charitv. Governance costs relate to expenditure incurred in dealing with Ion5titutional and statutory requirements. Irrecoverable VAT is Iharged ag3in5t the expenditure on which it w35 incurred. 1.6 Cash and cash equlvalems Cash and cash equivalents include cash in hand and deposits held at call with banks. THE SIOBHAN DOWD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accounting policles Icontinuedl 1.7 Financial instruments The Charity his elected to apply the provisions of Section 11 'Ba5ic Finènci41 Instruments, and Section 12 '0ther Financial In5truments155ue5' of FRS 102 to 311 of its financial instrurnents. instruments are initially recognised at tran5artion value and subsequently rnea5ured at their Settlement value. Critical accounting estimates and judgements The trustees are ￿tIsfied that there are no significant estimates orjudgements in the financi31 statements. Income from Investments Unrestricted funds 2025 Unrestrirted lunds 2024 Interest receivable 840 649 Other income Unrestricted Unrestricted funds fund5 2025 2024 Royaltie5 49,110 62.318 49,110 62,318 THE SIOBHAN DOWD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Expendlture on charltable aulvltles Supporting lilerary development 2025 Supportln8 literary development 2024 Grant fundine of artivities Isee note 61 62,921 30,328 Share of support costs Isee note 71 Share of governance costs (see note 71 4,050 1,620 5,602 3,831 68,591 39,761 Analysis by fund Unrestricted funds 68,591 39,761 Grants payable Supportlng Ilterary development development Supporring 2025 2024 Grants to institutions.. The Alligator's Mouth Blue Sheep Books Darling Reads Doorstep Library Give 3 Book Jo's Bookshop Kenilworth Books Mostly Book5 School Libraries Association St Mary's Ukrainian School Ykid5 Ltd The Story Museum Village Books Water5tones 1,239 1,000 I,ioi 5,000 15,000 2,650 1,100 1,000 5,OCK) 1,000 3,000 6,000 2.000 1,000 8,104 4,762 1,200 Wisbech 5P Wonderland Book5 Other 1,000 18,727 13,366 62,921 30.328 Other grants intludÈs book purchÈsÈs for a largÈ number of diffÈrÈnt schools, reading groups. tharitiÈs Ènd other organi5ations, tnostly under £1,￿. THE SIOBHAN DOWD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Support costs Support costs Governance costs 2025 Support costs Governance Costs 2024 Adrninistration fees Bank charges 3,990 60 3,990 60 5,542 5,542 60 Independent examin3tion 1,620 1,620 3,831 3,831 4,050 1,620 5,670 S,602 3,831 9,433 Analysed between 4,050 1,620 5,670 5,602 3,831 9,433 Governance costs includes payrnents to the independent examiner5 of £1,62012024.. £3,831) for independent examin3tion fees 3nd £nil12024.. £nill for other services. Trustees None of the Trustees lor any persons connected with them) received any remuneration or reimbursed expenses from rhe Charity during the current or prior year. Employees There were no employees during the current or prioryear. io Debtors 2025 2024 Amounts falliTrE due within one year.. Prepayments and 8ccrued income li Creditors.. amounts falling due within one year 2025 2024 Other creditor5 Accruals 8,750 2,887 29,093 4,017 11,637 33,110 12 Related partytransattlons There were no related partytransactions Ill the current or prior year