THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST Re istered Number: 1141406 ACCOUNTS IOR THE YEAR NDED 5TH APIUL 202S INDEX Page Annual report Ito4 Report of the independent examiner Statement of financial a¢tivities Balance Sheet Notes fom)ing part of the 8¢counts 810 11 Grnnls payable 12 and 13 Investment5 and income reeeived 14
Page I THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5TH APRIL 2025 The trustees pres¢nt their report for the year ended 5th April 2025. REFERENCE AND ADMtNISTRATIVE DETAILS The Steven Bloch Image of Disability Charitable Trust is a Registered Charity No. 1141406. The Prin¢ipal office address is Office Suite I, Haslemere House, Lower Street, Haslemere, Surrey> GU27 2PE. The Trustees who held office during ihe year were:_ Mrs Janel B Blo¢h Ms Julie Bi'idgewal¢r Mr Peter J Fol'd Mr Martin S Golding Professor Julius A Lubbock Mr John R Raffles The Professional Advisers of the charity are as follows.. INDEPENDENT EXAMINER: GNCD Si¢venson FCA Knox Ci'opper LLP Chailered Accountants Office Suite I, Haslemere House Lower Street Haslemere Surrey GU27 2PE BANKERS.. Barclays Bank plc 22-24 Uppei. Marlboi'ough Road Sl Albans Herts ALI 3AL Schi'odei. & Co Limited l London Wall Plac¢ London EC2Y SAU INVESTMENT ADVISERS.. Cazenov¢ Capital Management l London Wall Plac¢ London EC2Y SAU STRUCTURB, GOVERNANCE AND MANAGEMENT Legal Status omd Constitution The charity was ¢ital¢d by Trust Deed dated 10th March 2011 and is registered with the Chai'ily Commission No. 1141406. Trustees Appointment and Training The Trustees aiE IEcruited and appointed as and when r¢quired by the remaining Trustees, often based on their professional backgrounds. New Trustees are inducted by the other Trustee5 and are encouraged to attend rel¢vant training courses where considered beneficial.
Page 2 THE STII VEN BLOCH IMAGEI OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THI YEAR EINDED 5TH APRIL 2025 (coutinutd) STRucfuRE, GOVERNANCE AND MANAGEMENT (continued) Management Arrangements The Trustees meet half yearly to monitor the activities of the charity, including the investment perfomiance. The day-t041ay administration of the charity is undertaken by independent professional firnis. Rlsk Management The Trustees continually review the major risks lo which the Ch'11Y is exposed. in particular those related lo the finances of the charity. During the year Some Systems and poli¢i¢s were fonnalised and the trustees are satisfied that systems are in pla¢e lo milig8le theii. exposure to major risk. The majtsr risk of the charity is ils investment portfolio risk, which is mitigated by biannual meetings with the Investinent Advisers. OBJEcfs AND ACTIVITIES Objects of the Churity The Trust was established in 2011 in mernory of Steven Bloeh who died in 2008. Steven Suffered a¢quii'ed brain injury following a skiing accident in 1980 and, having had to abandon his law studies, eventually graduated with a BA (Hon5) in PhOto.aphy. Through his photography Steven promoted a positive image of disability and il had long been his d¢sir¢ to 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 lo promote understanding of disability through the arts, wi'lting and journalism. ObJe¢tlves for the Year The objectives for the year were: To continue making grants in accordance with the objects of the charity. To moniloy the income of the charity during th¢ continued turbulence in the financial markets. ACHIEVEMENT AND PERFORMANCE Achievement of ObJectlYos and Public Benefit The Tnistees met twice during the 2024125 financial ye. towards the end of September 2024 and the end of March 2025 at the London offices of Knox Cropper. Neither Mr Martin Golding nor Mr John Raffles were able to attend the meeting in Sepl¢rnber, but all Trustee5 were present al the March 2025 meeting. Mr Keyin Lally of Knox Cropper attended the September meeting lo update the Trustees on changes in Charity Law for which he provided a veiy helpful do¢ument under a clear set of headings and also highlighted the release of a report from the National Cyber Security C¢ntre setting out the risks from oyber crime. The March 2025 meeting was attended by Ella Brown {EB) and Adam Green (AG) from Caz¢nove Capital ManaLi¢ment. They provided each Trustee with a breakdown of SB T's investment position and infornialion on Market Outlook. All present agi'ecd that SBT investment policy should be revisited and AG Set out the pros and con5 of investing in a single fund, often ¢hosen by smaller charitie5, which has lower costs. The Trustee5 subsequently decided tts go with Cazenove's advice tts invest in a single fund {CMAF) and Iheii. d¢¢ision would be relayed to Cazenov¢ when Janet Bloch and Peter Ford all¢nd¢d the Wix Trusts meeting at the end of April 2025.
Page 3 THE STEVEI N BLOCH IMAGE OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR NDED 5TH APRIL 2025 (eontinued) ACHIEVEMENT AND PERFORMANCE (continued) Aehiev¢ment of ObJectives Public Benefit (continued) Peter Ford's due diligence in Carrying out Checks on the Trust's Goveman¢e and Complian¢e Manuals was much appr¢¢iated by the other Trustees and he confiiyned that he had completed Annual Reviews at the September 2024 meeting. At the March 2025 meeting he reported that he had updated th¢ Compli&n¢e Manual in accordan¢¢ with the Irquii'ements of the Charity Commission and provided each Trustee with a documenl which required acknowledgement. During the year the Trust re¢eived 95 appeals, slightly less than the previous year, and excluding the Snowdon Trust, Southern Ski Club for the Disabled and Camden Art Cenlre. 13 of these were first-time applications. John Raffles again cai'ried out due diligence on all new appeals. 10 appeals were rejected in September and 5 in March as not being in Sine with our Irinit for various reasons. 80 cliarities received donations of varying amounts between £500 and £2,000. Although most charities greatly appreciated the help giv¢n and piDvid¢d updates on how their donation was spent, disappointingly. il has been noted that a number of charities have sent no acknowledgement despite an email address being given. On the plus side, our mor¢ recent connection with Electric Umbrella who bring together ihe disabled and able-bodied reached the final of 'Brilain's Got Talent, only losing out at the v¢ry last stage. After a long pause due to a change in personnel. SBT again heard from the Snowdon Trust and were able to support a further 8 students (one of whom we had supported previously) whose 5tudi¢s included Game Design, Fashion Photography, the Pei'forming Arts and Multimedia Sports Journalism. Again, disappointingly, despite reminders, the students we helped in 2023124 had not furnished SBT with reports on their studies. Although the Snowdon Trust did not hold a social gathering of students and their supporters during the year, Janet Bloch (JBB} and Julie Bridgewater (JB) were able lo meet very recently with the Snowdon CEO, Helen Saelensminde, and their newly appointed Fundraising Manager, Sarah Spellman who explained that Snowdon's approach lo SBT might lake a different foiinat in future. Sarah would be letting us know details in due course. JBB mel lan Edwards (IE) of the Southern Ski Club for the Disabled in June 2024 when he reported that th¢ new offi¢elreception hub was being Cuslomised. By the lime of the March 2025 rneeling, it had been fully disability adapted and insulated with lighting> heating 2nd emergency and power outlets. IE requested funding for a sign reading 'SoutheTn Ski Club for the Disabled'and underneath 'Sponsored by The Steven Bloch Image of Disability Charitable Trust,. The Trustees made a donation of £500, a little more than the £400 requested. During the SUTnmer of2024, JBB, JB and Prof. Lubbock (JAL), Tnet with Kate Ferrie (KF) at the Camden Art Centre to discuss a further pioject with SEND pupils from local schools with a requ¢st that it should involve an clement of photography. A donation of £2,000 was allocated. A progress report wa5 received earliei. in 2025 but details of the exhibition for the project are still awaited. KF let us know that the photographic element had generated much enthusiasm. Suffice to say, that none of the objectives of the Trust could be achieved without the help of Knox Cropp¢r and their personnel in hosting out meetings and, in particular, th¢ unfailing wise advice, support and attendance at our meetings of Greg Stevenson. Grant Mhklng Policies Grant applications are Itviewed to ensure that they eomply with the requirements of the charity. The Trustees authorise payment at their me¢lings during the year. Fundral$lng The Charity does not undertake any fundraising activities.
Page 4 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST ANNUAL REPORT FOR THE YEAR ENDED 5TH APRIL 2025 (continued) FtNANCB REVIEW Results for the Year During the year investment income lolalled £49,017 to which is added donations of £60.703. Expenditure totalled £109,100 and inve51menl losses were £20,084 resulting in a negative net movement in funds for the year of £19,464. Funds available for fulure donations lo ¢haritable causes were £61,412 at 5th April 2025. Reserves Policy The Trustees maintain sufficient reserves in the Income Fund lo meet expected direct charitable expenditure. The Capital Fund 15 invesl¢d to produce income for the Income Fund. FUTURE AcfiviTIES The charity will continue to generate inwme to make grants lo charitable bodies. STATEMENT OF TRUSTEES, RESPONSIBILITIES Law appli¢abl¢ to chai'ities in England and Wales requiips the Ti'uslees to prepare financial statements for each financial year which give a true and fair view of the state of the charity's financial activitie5 during the year and of ils financial position at the end of the year. In preparing those financial statements, giving a true and fair view, the trustees should follow best pra¢lice and.. select suitable accounting policies and apply them ¢onsistently> make judgements and estimates that are reasonable and prudent. state whether applicable accounting standai'ds have been followed subject to any material departures disclosed and explained in the financial statements. prepare financial statements on the going ¢onc¢rn basis unless It is inappropriate to presume that the charity will Continue to operate. The Trustees are responsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the finan¢ial position of the Charity and which enable them lo ensure that th¢ financial statements ¢omply with relevant legislation and the trust deed. They ar¢ also responsible for safeguarding the assets of the charity and hence taking reasonable steps foi. the pi'evention and detection of fraud and other irregularili¢s. BY ORDER OF THE TRUSTBES MRS J B BLOCH TRUSTEE Dated..
Page 5 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES I report to the trustees on my examination of the accounts of the Steven Blo¢h Image of Disability Charitable Trust (the Trust) for the year ended 5th April 2025, whi¢h comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made lo the Trustees. as a body, in a¢¢ordance with the terms of my engagement. My work has been undertaken so that I might cany out an Independent Examination of the financial statements in accordance with the General Directions given by the Chai'ity Commission. To the fullest extent permitted by law, I do not ac¢ept or assume responsibility lo anyone other than the Trust and the Trust's Trustees a5 a body for my woi'k or for this report. Responsibllltles and basis ofreport As the Trustees of the Trust you are responsibl¢ for the preparation of the accounts in accordance with the requiretnents of the Charities Act 2011 {'the Act,). I reptsrt in respect of my examination of the Trust's accounts carried out under section 145 of the Act 8nd in carrying out my examination I have followed all applicable Dire¢lions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's statement I have completed my examination. I confim) that no Tnalerial matters have come to my attention in connection with the examination giving me cause lo 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 a¢¢ounts do not a¢¢ord with those rordS. or the accounts do not mplY with the applicable requirements concerning the fornj and content of a¢¢ounts set out in the Charities {A¢counts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not 8 matter nsidered a5 part of an independent examitmtion. I have no concerns and have come across no other matters in connection with the examination lo which atl¢ntion should be drawn in this report in ol'der to enable a pi'oper understanding of the accounts to be reached. Office Suite l. Haslemere House Lower Street, Haslemere Surr GU27 2PE GNCD Stevenson FCA Knox Cropper LLP Chartei'ed Accoiintants
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Page 7 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST BALANCE SHEET AT 5TH APRIL 2025 2025 2024 Notes FIXED ASSETS Inve51menls {page 14) 1,090,130 1,164,536 CURRENT ASSETS Barclays Bank plc Cazenov¢ Capital Management Debtors 38,314 60,767 66,409 14,113 36 99,081 80,558 CURRENT LIABILITIES 7,723 44,142 NET CURRENT ASSETS 91,358 36,416 NET ASSBTS £1,181,488 £1,200,952 UNRESTRicfED FUNDS Capital fund Income fund 1,120,076 61,412 1,153.464 47,488 £1,181,488 £1.200,952 The accounts s¢t out on pages 6 to 14 are approved by the Trustees and are signed on their b¢half by.. MRS J B BLOCH ) TRUSTEES MRPJFORD Dated..
Page 8 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST NOTES FORMING PART OFTHE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 ACCOUNTtNG POLICIES ) Basis of Prep#r#tlon and Assessment of Golng Concern The accounts have been prepared under the historical cost convention with the exception of investments which are included at market value. The financial slalemenls have b¢en prepared in accordance with the Statement of Recommended Pra¢li¢¢'. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards appli¢able in the United Kingdom and Republic of li'eland (FRS 102) (Second Edition issued in O¢lob¢r 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts have been pr¢pared to give a 'lrue and fair view, and have departed from the ChaTilie5 (Accounts and Repoils) Regulations 2008 only lo th¢ extent required to provid¢ a 'true and fair view, This departure involv¢d following Aceounting and. Reporting by Charities preparing their a¢¢ounts in accoi'dance with th¢ Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities StateJnent of Re¢ommended Practice effectiv¢ from l April 2005 which has since been withdrawn. The charity Constitutes a publi¢ b¢n¢fit entity as defined by FRS 102. The Trustees consid¢i' that there are no material un¢¢rtainties about the charity's ability to ¢ontinue as a going ¢onc¢rn. b) Funds The Capital and Income Fund5 represent the funds of the charity that ar¢ not subject to any restrictions regai'ding their use and are available for application to the general purposes of the charity. Funds designated for a particular pui'pose by the charity are umpslri¢led. c) Jn¢ome All income is recognised once the charity has enliilement lo the income, it is probable that the income will be received and ihe amount of inwm¢ receivable can be measured i'eliably. d) Expenditure Liabilities are recognis¢d as expenditure as soon as there is a legal or conslru¢live obligation committing the charity to that expenditure, il is probable that s¢ttlement will be required and the ajnounl of the obligation can be Ineasuied reliably. All expenditure is accounted for on an acGI'uals basis. All expenses including 5UPPOrt ¢osls and governance costs are allocated or apportioned to the applicable exp¢ndilur¢ headings. e) Investment5 Investments are a fom) of basic fiiiancial investment and are initially recognised at their transaction value and subsequently measured at fair value as al the balance sheet date using the closing quoted market price. The statement of financial activities includes the nel gains and losses arising on revaluations and disp05als throughout the year.
Page 9 THE STEVEN BLOCH IMACE OF DISABILITY CHARITABLE TRUST NOTES FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 (continued) AccouNrtNG POLICIES (continued) e) Investments (¢ontinued) Realis¢d gains and losse5 on investments are calculated as the difference between Sales proceeds and their opening ¢ariying valu¢ or theii. purchase valu¢ if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value ai the year end and their carrying value. O CUrret Assets and Llabilities All known current assets are brought into the accounts at the amounts which they are expected lo realise. All known liabilities are brought into the acctsunls at their expected cost. 2025 2024 Income Ineome Fund Fund Capital Fund C4Pltal Fund Total Total 2. DONATIONS Bloch Investments Limil¢d Mrs J B Bloch 60.000 703 60,000 703 30,000 568 30.000 568 £60,703 £60,703 £30.568 £30,568 3. INVESTMENT COmE Equities and Unit Trusts (page 14) Fixed Interest (page 14) Bank Interest 46,421 674 1.922 46,421 674 1.922 48.045 1,361 271 48.045 1,361 271 £49,017 £49,017 £49,677 £49,677 4. RAISING FUNDS Portfolio Management Fees £7,799 £7,799 £7,539 £7,539 5. CHARITABLE ACTIVITIES Dii'ect Costs Grants lo other Charitable Organisations (pages 12 & 13) Support Costs Website and Computer Costs Bank Charges Governan¢e Costs (Note 6) 89,593 89,593 90,710 90,710 202 47 5,954 202 47 11,459 4S4 42 S,675 454 42 11,045 5,505 5,370 £5.505 £95,796 £101,301 £5.370 £96,881 £102,251
Page 10 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST NOTII S FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2025 (continued) 2025 2024 Income Fund pital Fund Income Fund Capital Fund Total Total 6. GOVERNANCE COSTS Accountancy Fees Trustees Expenses 5.505 5,505 449 11,010 449 5,370 5,370 305 10,740 305 £5,505 £5.954 £11,459 £5,370 £5,675 £11,045 202S 2024 7. tNVESTMENTS (page 14) Market value at 6th April 2024 Pur¢hases Disposals al market value Realised (gains)Ilosses Unrealised (105se5ygains on revaluation 1,164,536 129,448 {183,770) 5,340 {25,424) 1,169,924 778 (18,472) (1.440) 13,746 Market value at 5th April 2025 £1,090,130 £1,164.536 Historical cost of investments £1.037,045 £1,059,021 2025 2024 8. CURRENf LIABILITIBS Knox Cropper Cazenove Capital Management Gi'ants payable Trustees Expenses 5.610 1,937 5,460 1,876 36.725 81 l76 £7,723 £44,142
Page 11 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST NOTES FORMINC PART OFTHE ACCOUNTS FOR THE YEAR FNDED 5TH APRIL 2025 (eontinued) SUMMARY OF NET ASSETS BY FUNDS Unrestrl¢ted Funds Capitxl Income 2025 Total Investments Barclays Bank plc Cazenove Capital Management 1,090,130 (25,575) 60,263 1.090,130 38,314 60,767 63.889 S04 1,124,818 (4,742) 64,393 (2,981) 1,189,211 (7,723) Current liabilities £1.120,076 £61.412 £1.181,488 Unre5tri¢t¢d Funds Capital Income 2024 Total Investments Barclays Bank plc Cazenove Capital Management Debtors 1,164,536 (20.182) 13,716 ,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 10. RELATED PARTY TRANSACTIONS In the year, the Trust received donations of £60,000 (2024.. £30,000) from Bloch Investments Limited, a company controlled by Mrs Janel Blo¢h, who is d Trustee of the Charity. In addition, Mrs Janel Blo¢h made personal donations in kind amounting to £703 (2024: £568).
Page 12 THE STEVEN BLOCH IMAGC OF DISABILITY CHARITABLE TRUST GRANTS PAYABLE FOR THE YEI AR ENDED STH APRIL 2025 Snowdon Trust lo support 8 students Welwheels Hamble Camden Art Centre Nordoff & Robbins Miisic Therapy ExeAccess Exeler Community Transpoit Association Challengers- for Fai'nham Youth Scheme Guide Dogs for the Blind Association Brain Tumour Support Bren Project Calibre Audio Calvert Exmoor Care for Veterans Caudw¢ll Childiyn Ceirbral Palsy Plus Children'5 Ti'ust Conquest Art Cotswold Riding for the Disabled CPolenlial Drama Express Dressability Electric Uinbrella Enhall) Trust Happy Days Headway- Norfolk & Waveney Listening Book5- National Listening Libr8ry Meath Epilepsy Charity Olakar Kraus Music Trust Peal. Ti'ee School Peter Pan Centre for Children with special needs Royal Hospital for Neuro-disability Spinal Injuries A$$tatIOn Spoilability Siipport Dogs Tall Ships Youth Trust Tuberous Sclerosis Association British Wireless ftsr the Blind Fund 3H Foundation Assist Trust Back Up Trust Bede House Asso¢iation BOSP- Brighter Opportunities for Special People Build Charity Castle Point Social Car Scheme Centr¢ 81 Children's Trust Clowns in the Sky DEMAND 26,323 3,000 2,000 2,000 2,000 ,500 1,020 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 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 1,000 1,000 750 500 500 500 soo 500 500 500 500 500 500 500 72,093 Carried forward
Page 13 THE STEVEN BLOCH IMAGE OF DISABILITY CHARITABLE TRUST GRANTS PAY ABLE FOR THE YEAR ENDED 5TH APRIL 2025 (continued) Brought forward 72,093 Diverse Abilities Filll'oy Freya Foundation Grove Cottage- Bishops Stortford Mencap Kids Care London- Camp Horizon Kingswood Trust Living Options Devon Lunch on the Run Make Them Smile Children's Charity Marches Family Netwot* Meningitis Now My Life My Choice Nara- the Breathing Charity Newlife- the Charity foi. Disabled Children Paces Sheffield Queen Elizabeth's Foundation for Disabled People R055endale Trust SCAMPPS in Surrey Seashell Trust Shine Snow Buddies UK Snowflake School Soundaboul Southern Ski Club for the Disabled Space4Autism Speech & Language UK Spinal Injuries Association Stepping Stones Time Away Time Out Group Tiny Tiin's Children's Centre Treloar Trust Whoopsadai5y Wingate Special Children's Ti'ust Young & Free 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 soo 500 500 500 500 500 Tol £89,593 (page 9)
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