Charity Re8iStration No. 1143730 NINA AND ROGER sfEWART CHARITABLE TRUST TRusfEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
NINA AND ROGER sfEWART CHARITABLE TRUST LEGAL AND ADMINISTrATIVE INFORMATION Tiustees Lynette Craig Robert Craig Mrs S Birshan Charity number 1143730 Independent examiner TCGroup 6th Floor Klngs House 9-10 Haymarket London SWIY 48P Unlted Kingdom Sollcltors Howard Kennedy LLP No. l London Brid8e London SEI 9BG Investment advlsors JM Finn & Co 4 Coleman Street London EC2R STA
NINA ANO ROGER sfEWART CHARITABLE TRUST CONTE14TS Pè Trustees report Independent examiner's report ststement of financial activities 8al3nce sheet Notes to the accounts
NINA AND ROGER STEWART CHARITABLE TRUST TRVSTEES REPORT FOR THE YEAR ENDED31 AUGUST2024 The trustees present thelr report and accounts for the year ended 31 August 2024. The accounts have been prepared in 3ccordance with the accounting policies set out in note I to the account5 and comply with the trust's governing document, the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities. issued in March 2005. Strurturefft governance and management The ¢harity is an unincorporated bodyi tonstltuted under a charity trust deed dated 19 August 2011 and is a registered charity, number 1143730. The charity was established under the terms of the Will of the late Nina Stewart who died on 26 June 2011. Trustees The charity deed provides for a minimum of no less than two trustees, nor more than five. The maximum number of trustee5 may be changed by resolution of the Trustee5 at any time. The Trustees must hold at least two meetings each year. The trustee5 who served during the year were.. Lynette Craig Robert Craig Mrs S Blrshan (Appointed 16 February 20241 Spedfic In¥e5tment powers These are listed in the trust deed. The Trustees have power to invest the funds of the charity as they in think fit, subject to taking appropriate professional advice. ftisk assessment The Trustees have examined the major risks to which the Charity May be exposed. They consider that the principal risk to which the charity Is exposed is investment risK which they minimise by having pmfessional Investment managers, J M Finn & Co. The Trustees believe systems are in place adequate to meet such other potential risks as the Trustees have identlfied. They contlnue to keep processes under review. ObjertNes and activities The trust'5 objects are to benefit such reglstered charities or charitable purp05e5 and in such proportions and In such manner and subject to such terms and conditions as the Trustees in their absolute discretion think fit from time to time. The Trustees propose to make a variety of donations to charitable organisation5 working in different fields. and very ¢Xtasional donations to individuals appropriate for charitable support Public bÈnefit The trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when making donation5 and agreeing the distribution policy for the period. These objectives will continue to be pursued in the coming year.
NINA AND ROGER sfEWART CHARITABLE TRUST TRUSTEES REPORT ICONnNUEDI FOR THE YEAR ENDED 31 AUGUST2024 The trustees have pald due regard to guldance i55ued by the Charity Comfflission in decidin8 what activities the trust should undertake. Checklng Benellclarles The Trustees have always checked on beneficiaries before makinE grants. The Charity Commission has on 3fd June 2026 issued guidance to formali5e the procedures before a charity makes a grant, and the Trustees wlll follow this advice for the future. Achievements and performance During the year, donations totalling £76,450 were approved. The Trustees consider that these appri)vals repsent an approprlate exercise of their discretionary powers. Financlal revlew The Trust's work is entirely reliant on income from donations and investment returns from its endowments. Reserves policy Any reserves are maintained at thè discretion of the Trustee5. The Trustees alm to maintain free reserves at level that will provide sufficient funds to respond to applications for donations and ensure that there are sufficient funds available to cover support and governance costs. The Trustees confirm that assets are avaSlable and are adequate to fulfil the obligations ot the charlty. Investment policy and performance The investment policy of the ¢harlty is primarily to preserve the capital of the charity. at such levels to ensure that adequate income is returned to further the charit¢s objectives. The investments held will continue to be monitored against the policy of the charity to ensure income and capital growth remain at satisfadory lÈvels. Plans for the future The Trustee5 will keep their plans under review in the light of the fvnding av2ilable to the charity-
NINA AND ROGER StEiVART CHARIWIE TRUST
TRU5TEE5 REpoifr i(ONTINUED)
FOR THE YEARENDED31 Auoisf20241
Stemem of trustees TespDn5ibilltie5
e trUee5 are iespDll51bFe for preparint the Tru>tee> R¥port an¢a rtte accounts In accorddftce oppltcable
law and Unrred Kid0 Aceouniin8 Stsndèr
NINA AND ROGER STEWART CHARITABLE TRU5r INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NINA AND ROGER STEWART CHARITABLE TRUST I report on the accounts of the trust for the year ended 31 August 2024. which are set out on pages 5 to 9. Respertlve responslbllltles of trustees and examiner The ¢harity'5 trustees are responsible for the preparation of the accounts. The charivs trustee5 consider that an audit is not required for this year under sertion 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examinatlon 15 needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Att: lill to follow thè procedures laid down in the general Directions 8lven by the Charity Commission under settion 14515llbl of the 2011 Act- and liiil to state whether particular matters have come to my attention. Ba515 of independent examlnerfs report My examination was carried out in accordance with the general Dirertions given by the Charity Commission. An examination incltjdes a review of the accounting records kept by the charity and a comparison of the account5 presented with those records. It also includes consideration of any unusual Items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be requlred In an audlt and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent exarnlnes statement In connection with my examination, no matter has come to my attention: la) whlch gives me reasonable cause to believe that In any material respect the requirements: lil to keep accounting records in accordance wlth section 130 of the 2011 Art: and lill to prepare accounts which accord with the accounting records and comply with the accountinB requirements of the 2011 Act; have not been met; or Ib) to which, in my opinion, attention should be drawn in order to enable a proper under5tsnding of the accounts to be reached. TCGroup Robert Keen FCCA 6th Floor Kings House 9-10 Haymarket London SWIY48P United Kingdom 17.06.2026 Dated:.-.........
NINA AND ROGER sfEWART CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCWDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Unrestricted Expendable funds endowment Totsl 2024 Total 2023 Notes Incomln rewurces from Investment income nerated funds 144,335 144,335 147,098 Resources ex ended Cost5 of 8enerating funds Investment management eosts 38.785 38,785 39,323 Net incomin8 resources *vallable 105,550 105.550 107,775 Charitable actlvltles Donations paid 76.450 76A50 70,150 Governance costs 3,082 3,071 Total resources expended 118,317 118,317 112,544 Net Intome for the yearl Net incoming resources 26.018 26.018 34.554 Other recognlsed galns and losses Gains/l105se51 on investment assets 621.011 621,011 1556,1301 Net movement In funds 26,018 621,011 647,029 1521.5761 Fund balances at I September 2023 292,939 6.157.917 6A50.856 6,972.432 Fund balances at 31 August 2024 318.957 6.778,928 7,097,885 6.450.856
NINAAND ROGER STEWARTOIARITABLE TRUSr BALANCE SHEEr ASAT31 AUGUST2024 2024 2023 Notrs Fixed J$5ets IveS(nE0ts 6.667 6.D40.537 £urnÈrt assets Cash ai bdnk and in CrEdiThoT5: omount5 fallinx due wrthl ono yeBI 432J97 416,319 13.(hxI) Net(urtaSsÈts 410,319 Tot31 Sets le55 (urrenl IlabllitiES 7.097.885 6.450.856 Inc¢xn¢ fvnds Expendablo endowmenr 6,7749 6.157,917 Unrestricted funds 31&957 291,935 7,097J25 6.450.856 17 . 3trw4- Lo L(4 Tlitr atctyjnts werF approvpd by th? Tree5 on..._..... _ f¢obort Craig TNSte¢
NINA AND ROGER STEWART CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2024 Accountlng pollcles 1.1 Basis of preparatlon The accounts have been prepared underthe historical cost convention. The accounts have been prepared in accordance with applicable atcounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities issued in March 2005 and the Charitie5 Act 2011. 1.2 Inmmlng resources Income is derived from donations and investment income and Is accounted for on the recelpt date. 1.3 Resources expended Donations are accounted for when they are paid. Expenditure incurred in connection with the specific activities of the charity is induded under the heading charitable activities. Governance cost5 are those costs incurred by the charity in order to meet statutory and regulatory requirements 1.4 Investments Llsted investments are stated at market value at the balance sheet date. Reallsed gains or losses are calculaled as the difference between the disposal proceed5 and the market value of the investment at the previous year end lor date of acquisition if purchased during the yearl. Unrealised gains or losses are calculated as the difference between the market value at the current year end and the market value at the prior year end lor date of acquisition if purchased during the year.) Investments in subsidlary undertakings are stated at cost less provlsion for dlminution In value. 1.5 Expendable endowment In accordance with the Trust Deod the totsl value of investments is expendable, that is the Trustee5 have power to expend the capital and income of the charity. Inveslment Income 2024 2023 Income from listed investments Interest recelvable 110,312 34,023 132,172 14.926 144,335 147,098
NINA AND ROGER STEWART CHARITABLE TRusr NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR £NDED31 AUGUST2024 Totsl resour¢es expended 2024 2023 Costs of genewatin8 funds Investment management costs 38.785 39.323 Chayitable activities Donations aid Actlvities undertaken directly 76,450 70,150 Governance costs 3.082 3,071 118.317 112,544 Governance costs includes payments to the auditors of £3,00012023.. £3,000) for accountancy fees. Trustees None of the trustees lor any person5 connected with them) received any remuneration or reimbursement of expenses during the year. Employees There were no employees durlng the year. Flxed asset nStmentS Market value at I September 2023 Disposals at opening book value Acquisitions at cost Change in value in the year 6,040,537 1868.5811 874,921 621.011 Market walue at 31 August 2024 6.667.888 Historical cost.. At 31 August 2024 5,284,491 At 31 August 2023 5,406.667
NINA AND ROGER STEWART CHARITABLE TRUSr NOTES TO THE ACCOUNTS {COP4TINUED) FOR THE YEAR ENDED 31 AUGUST2024 Credlto¥s: amounts falllnB due wlthln one year 2024 2023 Accruals 3,000 6.0 Analysi5 of assets between fvnds Vnrestrlcted Expendable endowment Total Fund balances at 31 August 2024 are represented by- Investments Current assets 6,667,888 432,997 I3,0} 16,778.9281 6,667,888 432,997 13,000) Creditors: amounts falling due within one year Expendable endowment 6,778,928 318,957 6,778,928 7.09785