THE STEI VEN BLOCH IMAGE OF DJSABILITY CHARITABLE TRUST istered Number: 1141406 ACCOUNTS FOR THE YEI AR ENDED 5TH APRIL 2024 INDEX Page Annual report Ito4 Report of the independent examiner Statement of financial activities Balance sheet Notes forniing part of the ac¢oullts rants payable 12 and 13 Investtnents and income received 14
Page I THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5TH APRIL 2024 The trustees pr¢s¢nl their report for the year ended 5th April 2024. REFERENCE AND ADMINISTRATIVE DETAILS The Steven Bloch Image of Disability Charitable Trust Is a Registered Charity No. 1141406. The Principal office address ig Office Suite I, Haslemere House, Lower Street. Haslemere. Surrey, GU27 2PE. The Trustees who held office during the year were'.- Mrs Janel B Bloch Ms Julie Bridgewater Mr Peter J Ford Mr Martin S Golding Professor Julius A Lubbock Mr John R Raffles The Professional Advisers of th¢ charity are as follows: INDEPENDENT EXAMINER: GNCD Stevenson FCA Knox Cropper LLP Chartered A¢¢ounlanls Office Suite I, Ha51emere House Lower Street Haslemere Surrey GU27 2PE BANKERS.. Barclays Bank plc 22-24 Upper Marlborough Road St Albans Herts ALI 3AL S¢hrodei' & Co Limited l London Wall Place London EC2Y SAU VESTMENT ADVISERS.. Cazenove Capit21 Management l London Wall Place London EC2Y SAU STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Status And Constitution The ch8ri1y was created by Trust Deed dated 10th March 2011 and is registered with the Charity Commission No. 1141406. Trustees Appointm¢nt and Training The Trustees are recruited and appointed as and when required by the remaining Trustees, often based on their professional backgrounds. New Trustees ar¢ inducted by the other Trustees and are encouraged to attend relevant training courses where considered beneficial.
Pag¢ 2 THE STEIVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5TH APRIL 2024 (eontinued) STRUCTURE, GOVERNANCE AND MANAGEMENT (continued) Management Arrangements The Trustees meet half yearly to monitor the aclivili¢s of the charity, including the investtnenl performance. The day-to-day adminislralion of the charity is undertaken by independent professional fim)s. Risk Management The Trustees continually review the major risks lo which the charity is exposed, in particular those related to the finances of the charity. During the year some systems and policies were fonnalised and the Iruslees are satisfied that systems are in place to mitigate their exposur¢ to major risk. The majoi. risk of the charity is its investment poitfolio risk, which is mitigated by biannual meetings with the Investment Advisers. OBJECTS AND ACTIVITIES Objects of the Charity The Trust was established in 2011 in meinory of Steven Blo¢h who died in 2008. Steven suffered acquired brain injury following a skiing accident in 1980 and, having had lo abandon his law studies, eventually graduated with a BA (Hons) in Photography. Through his photography Steven promoted a positive image of disability and it had long been his desir¢ lo set up a Charitable trust for this purpose. The establishment, therefore. of The Steven Bloch Image of Disability Charitable Trust is for the benefit and support of disabled people in England and Wales and to promote understanding of disability through the arts. writing and joui'nalism. Objectives for the Year The objtiveS for the year were: To ¢onlinue making grants in aceordan¢e with the objects of lh¢ Charity. To monitor the income of the charity during the continued turbulence in the financial markets. ACHIEVEMENT AND PERFORMANCE Aehlev¢ment of Objectives and Public Benefit The Trustees met twice during the financial year, at the beginning of October 2023 and April 2024, at the London offi¢es of Knox Cropper. Prof. Lubbock was unable to attend the October 2023 meeting and Mr Raffles was out of the country and unable to attend the April 2024 meeting. Cazenove Capital Management had provided detailed analysis of the economi¢ outlook, and their investment views i'elevant to the peiformance of the Trust. Ella Brown has now taken over responsibility for the Trust following the retirement of Rob Rydon. It was suggested that Cazenove IEpresentatives should be invited to the Trust's Spring 2024 meeting and Ella Brown and Tim Gibbons duly allended.
Page 3 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THE AR ENDED 5TH APRIL 2024 (conlinu¢d) ACHIEVEMENT AND PERFORMANCE (continued) Achi¢v¢ment of Objectives and Publie Benetit (continued) Peter Ford ha5 been assiduous in carrying out due diligence on the Gov¢mance and 5 Minute Guide Checklists as required by th¢ Compliance Manual. He reported that the Compliance Manual had been updated in April 2023 and amended in Augu512023 and fresh copies have been i55ued lo all Trustees. He had also ¢arri¢d out the Annual Review of Financial Controls using the new checklist in February 2024. 101 appeals were received during the 2023124 year, including 19 new charities but excluding the Snowdon and th¢ Souihei'n Ski Club for the Disabled. John Raffles had, again, carried out due diligence on all new appeals. 12 appea15 were rejected in Oetobei. 2023 for a variety of reasons and four others in April 2024. The Trustees took the decision not to donate lo charities who employ specialist fundraiser5. The Snowdon Trust pul forward seven students for our consideration this year. The Trustees were happy lo support fiv¢ of them whose studies would in¢lude Pathways into Children's Publishing, Contemporary Art Pi'a¢lice, English, Fine Art and Specialist Hair and Media Make-up. One student was rejected becoiise the Trustees were not happy with the eventual direction of occupation and the 7 because studies would be in Scotland and the Trust only ¢ov¢rs England and Wales. The usual invitation lo the Snowdon Trust arUal gathering was received but this year it was decided not to attend, the reason being that the event would be organised with a different forrnat whioh would not give our Trust's &ttend¢es the same opportunity to meet and chat informally to some of the students we had supported. This decision would be reviewed on a year by year basis. Janet Bloch and Julie Bridgewater met lan Edwards who run5 the Southern Ski Club for the Disabled in early September 2023 and learned the Club was se¢king help with the costs for volunteers attending their two-day training ¢ourses as they wanted to ease the burden for young volunteers struggling with the cost of living. The Trustees agreed to donate £2,000 for this. Janet Bloch made contact again with lan Edwards befoi'e the April 2024 meeting and found that there was a further proje¢l where help was n¢ed¢d. The old SSCD receplion/offi¢e hub, which w¢ had funded in 2017, was leaking and in a very bad slal¢ of repair due to damage ¢aused by a dustcart rev¢rsing into it. AS the funds were available the Trustees were in favour of covering th¢ full cost of £5,250. In July 2023 two of the Trustees allended an exhibition of work produced in collaboration between local artists and SEN schools at the Camden Arts Centre whioh the Trust had support¢d and found it lo be a fas¢inaling and engaging project. The Trust is now invited to other exhibitions at the venue and Prof. Lubbock and Jan¢1 Bloch hope to meet shortly with the Trusts and Foundations Manag¢r to explore the possibility of collaborating on a project with the SEN community involving photography. Finally> a charity discovered through a personal connection is proving to be an exciting addition lo our list. Electric Umbrella, which operates in the northlnorthwest London and Home Counties area, airns to create live music experiences with leaming disabled people, both as performers lll)d audience. They have thr¢¢ units who give weekly performanees al SEN and regular primary schools. Janel Bloch has attended two events with El¢¢tric Umbrella and can vouch for the joy they bl'ing to all involved. Grant Making Policies Grant applications are reviewed lo ensure that they comply with the requirements of the charity. The Trustees aulhoT15e payment at their Meetings diiring the year. Fundraising The charity do¢s not undertake any fundraising activiti¢s.
Page 4 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5TH APRIL 2024 (continued) FINANCE REVIEW Results for the Y¢ar During the year investment income totalled £49,677 to which is added donatiot15 of £30,568. Expenditure lolalled £109.790 and investment gains wei'e £12,306 resulting in a negative net movement in funds for the year of £17,239. Funds available for future donations to charitable causes were £47,488 at 5th April 2024. Reserve5 Poll¢y The Trustees maintain sufficient reserves in the Income Fund to meet expected direct charitable expenditure. The Capital Fund is invested lo produce income for the Incorne Fund. FUTURE ACTIVITIES The charity will continue to g¢n¢rale income to make grants to charitable bodies. STATEMENT OF TRUSTEES, RESPONSIBILITIES Law applicable to ¢hai'ilies in England and Wales requires the Trustees to prepare financial slalements for each financial year which give a true and fair view of the slate of the charity's financial activities during the yeai. and of its financial position at the end of the year. In preparing those financial statements, giving a true and fair view, the trust¢es should follow best practice and: select suitable accounting policies and apply them consislenily. make judgements and eslirnates thal are reasonable and prudent. state whether applicable a¢¢ounting standards have been followed subject to any material departures disclosed and explained in the financial statements. prepare financial statements on the going concern basis unless it is inappropriat¢ to presume that the charity will ¢ontinue to operate. The Trustee5 are responsible for keeping proper accounting records which disclose with reasonable aecuracy at any time the financial posilitsn of the Charity and which enable them to ensure that the financial statements ¢omply with relevant legislation and the trust deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. B Y ORDER OF THE TRUSTEES MRS J B BLOCH TRUSTEE Dated..
Page 5 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST REPORT OF THE INDEPENDEf4T EXAMINER TO THE TRUSTEES I repirt lo the trustees on my examination of the accounts of the Steven Bloch Image of Disability Charitable Trust (the Trust) for the yeai. ended Sth April 2024, which comprise the Stateinenl of Financial A¢livilies, the Balance Sheet and related notes. This report is made to th¢ Trustees, a5 a body, in a¢cordanee with the terms of my engagement. My work has been undeilaken so that I might cai'ry out an Independent Exarnination of the financial statements in accordance with the G¢nerdl Directions given by the Charity Commission. To the fullest extent pennitted by law, I do not accept or assume responsibility to anyone other than the Trust and the Trust's Trustees os a body for my work or for this report. RespoRsibilities ¥nd basls of report As the Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('Ihe Act,). I report in resp¢¢t of my examination of the Trnst's accounts Carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Direction5 giv¢n by the Charity Commission under section 145{5){b) of the Act. Independent ¢xamSner'5 Statement J have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act. or the accounts do not aord with those re¢ords' or the accounts do not comply with the applicable requirements concerning the forni and content of ac¢ountg set out in the Charlties (Accounts and Reports) Regulations 2008 other than any requirement that the accounls give a true and fair view which 15 not a matter considered as part of an independent examination. I have no con¢ems and have come across no other matters in connection witl) the examination to which attention should be drawn in this report in ol'der to enable a proper understanding of the a¢¢ounts to be reached. Office Suite I, Haslemere House Lower Street, Haslemere Surre GU27 2PE GNCD Stevenson FCA Knox Cropper LLP Chartered Ac ountants
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Page 7 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST BALANCE SHEET AT 5TH APRIL 2024 2024 2023 Notes FIXED ASSETS Investmenls (pag¢ 14) 1,164,536 1.169,924 CURRENT ASSETS Barclays Bank pl Cazentsve Capital Management Debtors 66,409 14,113 36 81,428 3,213 80,558 84,641 CURRENT LIABILITIES 44.142 36,374 NET CURRENT ASSETS 36,416 48,267 NET ASSETS £1,200,952 £1,218.191 UNRESTRICTED FUNDS Capital fund In¢ome fund 1,153,464 47,488 1,154,067 64.124 £1,200,952 £1,218,191 The accounts sel out on pages 6 10 14 are approved by the Truste¢s and are signed on their behalf by: MRS J B BLOCH ) TRUSTEES MRPJFORD Dated:
Page 8 THE STEVEN BLOCH IMAGE OF DISABJLITY CHARITABLE TRUST NOTES FORMING PART OF THE ACCOUNTS FOR THC YEAR ENDED 5TH APIUL 2024 ACCOUNTtNG I>OLICIES ) Bnsis of Prepgratlon and Assessment of Golng c0Cern The accounts have been prepared under the historical cost convention with the exception of investments which are included at markel value. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards appli¢able in the United Kingdom and Republic of Ireland (FRS 102) (Sectsnd Edition issued in October 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The a¢¢ounts have been prepared lo give a 'true and fair view, and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required Its provide a 'tn]e and fair view, This departure involved following Accounting and Reporting by Charities preparing their accounts in accordanee with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 rad)er than the Accounting and Reporting by Charitie5 Statement of Recommended Practie¢ effective from l April 2005 which has since been withdrawn. The charity eonslilules a public benefit entity as defined by FRS 102. The Trustees Consider that there are no material uncertainties about th¢ ¢harity's ability to continue as a going concern. b) Funds The Capital and In¢ome Funds represent the funds of the charity that are not subject to any reslriclions regarding their use and are available for application lo the general purposes of the ¢harity. Funds designated for a particular purpose by the eharily are unrestricted. c) Income All income is recogni5ed once th¢ charity has entitlement to the income, it is probable that the income will be received and the amount of income re¢eivable can be measured reliably. d) Expenditure Liabilities are recognis¢d as expenditure as soon as their is a legal or eonsti'uclive obligation committing the charity to that ex[ndItre, il is probable that settleinent will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support Costs and governance costs are allocated or apportioned to the applicable expenditure headings. e) InVestmet5 Investments are a form of basic financial investment and are initially recognised at their transaction valu¢ and subsequently measured al fair value as al the balance sheet dale using the closing quoted market price. The statement of financial activities includes the n¢1 gains and los$ arising on revaluations and disposals throughout the year.
Page 9 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST NOTES FORMITrIG PART OF THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 21124 {eontinued) ACCOUNTING POLICIES (continued) e) Investments (continued) Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the finan¢ial year. Unir81is¢d gains and losses are calculated as the diffei'en¢e between the fail. value at the year end and their carrying value. O Current Assets and LlabllStle$ All known current assets are brought into the accounts at the amounts which they are expeeted to realise. All known liabilities are brought into the accounts at their expected cost. 2024 2023 Capital Fund Income Fund Capital Fund Ineom¢ Fund Total Total 2. DONATIONS Bloch Investments Limited Mrs J B Bloch Mrs V Krawcheck 30.000 568 30,000 568 60,000 489 794 60,000 489 794 £30,568 £30.568 £61.283 £61,283 3. tNVESTMENf COmE Equities and Unit Trusts (page 14) Fixed Interest (page 14) Bank Interest 48,045 1,361 271 48,045 1,361 271 44,933 1,275 63 44,933 1,275 63 £49.677 £49,677 £46,271 £46,271 4. RAISING FtrNDS Portfolio Management Fees £7,539 £7,539 £7,801 £7.801 5. CHARITABLE AcfiviTIES Direct Costs Grants lo other Charitable Organisalions (pages 12 & 13) Support Costs W¢bsite and Computer Costs Bank Charges Govemance Costs (Note 6) 90,710 90,710 74,880 74,880 454 42 5.675 454 42 11,045 391 41 5.459 391 41 10,589 5,370 5,130 £5,370 £96.881 £102,251 £5,130 £80,771 £85.901
Page 10 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2024 (continued) 2024 202J Capital Fund Income Fund Capital Fund Income Fund Total Total 6. GOVERNANCE COSTS Accountancy Fees Trustees Expenses 5,370 5,370 305 10.740 305 5,130 5,130 329 10,260 329 £5,370 £5,675 £11,045 £5,130 £5.459 £10.589 2024 2023 7. INVESTMENTS (page 14) Market value al 6th April 2023 Purchases Disposals at market value Realised (lossesygains Uni'ealised (105ses)Igains on revaluation 1,169,924 778 (18,472) (1,440) 13,746 1,209,896 40.442 (80.414) Market value at 5th April 2024 £1.164,536 £1,169,924 Historical cost of investm¢nls £1,059,021 £1,085,761 2024 2023 8. CURRENT LIABILJTIES Knox Cropper Cazenove Capital Management Grants payable Trustees Expenses 5,460 1,876 36.725 81 5,220 1,909 29,200 45 £44,142 £36,374
Pagell THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL2024 (continued) SUMMARY OF NET ASSETS BY FUNDS Unrestricted Funds Capital In¢om¢ 2024 Total Investments Barclays Bank plc Cazenove Capital Management Debtors 1,164,536 {20,182) 13,716 1,164,536 66,409 14.113 36 86,591 397 36 1.158,070 (4,606) 87,024 (39,536) 1.245,094 {44,142) Current liabilities £1,153,464 £47,488 £1,200,952 Unrestricted Funds Capital Ineome 2023 Tot&1 Investments Bar¢lays Bank plc Cazenove Capital Management 1,169,924 (14,178} 2,840 1,169,924 81,428 3,213 95,606 373 1,158,586 (4,519) 95,979 (31.855) Current liabilities 1,254,565 (36,374) £1,154,067 £64,124 £1,218,191 10. RELATED PARTY TRANSACTIONS In the year, the Trust received donations of £30,000 (2023.. £60,000) from Bloch Investments, company controlled by Mrs Janel Bloch, who is a Trustee of the Charity. In addition, Mrs Janel Bloch made pei'sonal donations in kind amounting lo £568 (2023.. £489)-
THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST Page 12 GRANTS PAYABLE FOR THE YEAR EI NDED 5TH APRIL 2024 Snowdon Trust Southern Ski Club for the Disabled Assoc. for Spinal Injury. Research, Rehab & Reintegration- ASPIRE Electric UmbiElla Jigsaw Trust Southern Ski Club for the Disabled Interact Stroke Supptsit Challengers Brain Tumour Support Caring for Life Children's Trust Cotswold Riding for the Disabled Cpolential Eleetric Urnbrella Elfrida Raihbone Camden Exeter Community Transport Association Guide Dogs for the Blind Asso¢ialion Happy Day5 Headway Hertford5hire Headway Norfolk & Waveney IPSEA- Independent provider of Special Education Advice Katie Piper Foundation Listening Books/The National Listening Library Meath Epilepsy Charity MOVE Pailnership Rivertime Boat Trust Royal Hospital for Neuro-disability Space Spinal Muscular Atrophy UK Support Dogs Tall Ships Youth Trust Thumbs Up Club Vehicles for Change (KevoLOOtion) WoodlaTks Camp Site Trust Kingswood Trust Downright Excellent! Back Up Bede House Association Boc¢ia England Braille Chess Association Bristol Children's Help Society Bri5101 Children's Help Society British Wireles5 foi. th¢ Blind Fund Castle Point Social Car Scheme Child Autism UK Clothing Solutions Clothing Solutions 21,730 5,250 2,000 2,000 2,000 2,000 1,500 1,225 1,000 1,000 1.000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1.000 1,000 ,000 1,000 1,000 1,000 1,000 ,000 1,000 1,000 1,000 1.000 1,000 1,000 1,000 755 750 500 500 500 500 500 500 500 500 500 500 500 Carried forward 70,710
Page 13 THE STEVEN BLOCH IMACE OF DISABILITY CHARITABLE TRusr GRANTS PAYABLE FOR THE YEAR NDED 5TH APRIL 2024 (continued) Brought forward 70,710 Clowns in the Sky Disability Positive Disabl¢d Workers Co-operative Dogs for Auli5m Drama Express Elizabeth Foundation Exeter Community Transport Association Flamingo Chicks Footsteps Foundation Handicapped Children's 'Action' Group Heel & Toe Children's Charity Liquid Listening Little Hi¢¢ups Livel Make Them Smile Children's Charity Maxability Meningitis Ntsw Nai'a- the breathing Charity Northwich Multisports Open Theatre Olakar Krnus Music Tnt Parable Dan¢e Rescare Rossendale Trust Royal National College for the Blind Ruby's Fund Scampps in Surrey Sense Shine- Spina Bifida & Hydrocephalus Soundaboul Space4AJtism Speaking Up Speaking Out Speech & Language UK Spinal Injuries Association Step by Slep Slrongbones Children's Charitable Trust Thomley Time Out Group Tiny Tim's Children's Centre Whoopsadaisy 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 soo 500 500 500 500 500 500 500 500 500 500 500 500 500 Total £90,710 (page 9)
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