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← The Spitz Music Charity

2024-12-31-accounts

THE SPITZ CHARITABLE TRUST

FINANCIAL STATEMENTS

31 DECEMBER 2024

Charity Number 1155033

Trustees

THE SPITZ CHARITABLE TRUST

CHARITY INFORMATION

Charity number: 1155033

Dr S Rutherford (Chair) Mr M Browne Ms P Lewis

Principal Office

272A St Pauls Road London N1 2LJ

Independent Examiner

P Conneely Shipleys LLP 5 Godalming Business Centre Woolsack Way Godalming Surrey GU7 1XW

Bankers

Santander 121-123 Camden High Street NW1 7JR

THE SPITZ CHARITABLE TRUST

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS PAGE
Trustees Annual Report 1-10
Independent Examiners Report 11
Statement of Financial AcTviTes 12
Balance sheet 13
Notes to the fnancial statements 14-22

The trustees present their report and the financial statements of the charity for the year to 31 December 2024.

Structure, governance and management

The Spitz Charitable Trust is a Charitable Incorporated OrganisaTon registered 16 December 2013, its principal office is 272A St Pauls Road, London, N1 2LJ.

The Spitz Charitable Trust has a board of trustees. New trustees are appointed by the board of exisTng trustees.

The trustees who served the company during the period were as follows:

Dr S Rutherford (Chair)

Mr M Browne

Ms P Lewis

Trustee inducTon and training

New trustees undergo an orientaTon day to brief them of their legal obligaTons under charity law, the commi`ee and decision making processes and recent financial acTviTes of the charity.

Risk management

The trustees have a risk management strategy which comprises:

The work has idenTfied that financial sustainability in the major financial risk for the charity and the management of this risk is via a reviewed reserves policy and retenTon of sufficient working capital.

ObjecTves and acTviTes

The chariTes objecTves are:

To relieve the needs of elderly people through the provision of recreaTonal or leisure Tme acTviTes, provided in the interest of social welfare, designed to improve their condiTons of life.

To advance in life and relieve the needs of young people through:

(a) the provision of recreaTonal and leisure Tme acTviTes provided in the interest of social welfare, designed to improve their condiTons of life.

(b) providing support and acTviTes that develop their skills, capaciTes and capabiliTes to enable them to parTcipate in society as mature and responsible individuals.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objecTves and in planning our future acTviTes.

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Financial review and reserves policy

The results for the year are shown in the a`ached financial statements.

The trustees have adopted a reserves policy to address the risks of:

The trustees are commi`ed to achieving a balance on unrestricted reserves to £30,000.

Achievements and performance

The Spitz Charitable Trust uses the power of live music to

increase well-being while reducing isolaTon and loneliness

In 2024 The Spitz Charitable Trust delivered 223 live music sessions at mulTple locaTons including:

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Live music sessions

We conTnue our work at Bridgeside Lodge Care Home and conducted two thirds of our total sessions there in 2024. In the seventh year of our relaTonship with BSL, our working pracTce conTnued to grow and deepen. The trust and familiarity we enjoy at Bridgeside Lodge gives us the freedom to experiment, to propose bold new projects and to push the boundaries of our pracTce. These include music by firelight outdoors in the cold during our Winter SolsTce celebraTons. Residents and staff love wrapping up warm and being outside with beauTful music and firelight.

Sessions at Bridgeside Lodge conTnue to take several forms: large staTc concerts (outdoors in the summer) smaller group sessions, 1-to-1 sessions in bedrooms. The 1-to-1 sessions took on new life in 2024 with some residents (and family members on their behalf) paying for private sessions with Spitz musicians, over and above our usual musical provision.

We have been struck by the aenTveness of those living with demenTa during sessions that take more of a tradiTonal concert format, even when the music is more challenging or purely instrumental. Residents who tend to have a very short aenTon span and need to walk about, have been seen sihng with absolute focus for two hours. It seems they, perhaps subconsciously, recognise the quality of what they are hearing.

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As we do every year, we marked significant dates in the calendar with live music at Bridgeside Lodge. These include - NaTonal Day Of Arts In Care Homes, The Islington Canal FesTval, Earth Day and the Winter and Summer SolsTces.

At the Tme of wriTng we are about to embark upon a

“Reaching Out” project at Bridgeside, supported by Derwent London, focussing very specifically on the more isolated residents. Among the 64 residents of Bridgeside Lodge, there are those who we rarely spend Tme with, those who don’t

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a`end music sessions either because they can’t / choose not to and/or those who don’t have family members advocaTng for them.

As in 2022 and 2023 we received funding from London North West NHS Trust for sessions at both Northwick Park and Ealing Hospitals. We visited each hospital five Tmes over the course of the year, bringing music to paTents on geriatric wards.

In the summer of 2024 we secured funding from the Utley FoundaTon and The Arts Council to visit Great Ormond St Hospital every week (having previously visited fortnightly using our own unreserved funds). The children we visit range in age from new-born babies to 18 year olds and it has been essenTal to recognise and respect the disTncTon. While it is obvious to say that a 14 year old will not want to hear the same music as a 4 year old, this is crucial to earning the respect and therefore the engagement of those we are aiming to help. Our visits also offer relief for parents who are worried about their children but also almost certainly bored, sihng in a hospital room all day long. On a recent visit guitarist Marcus BonfanT played an Ed Sheeran song for paTent B and then a Bruce Springsteen song for his dad.

The frequency and regularity of our visits has enabled us to build strong relaTonships with GOSH Music Therapists and Play Specialists (who designate which wards we should visit each week) They have spoken of the level of respect we show the paTents, not patronising them, or dumbing-down our offering. In 2025 we hope to use music more deeply at GOSH. ParTcipaTng in research and diagnosTcs. We had a few glimpses of the potenTal for music in this area during 2024, as described by Spitz musician Marcus BonfanT:

The doctor asked me to stand in pa;ent X’s eyeline and play an Ed Sheeran song (his favourite). They then moved his head so he was no longer looking at me and asked me to play another song - X turned his head to look at me. They were trying to work out what he could and couldn’t perceive and understand within the room. One of the nurses produced two cards - a happy face and a sad face. She asked X if he wanted another song; he looked at the happy face so I played another song. She then swapped the cards around and asked X if he enjoyed the song. Again he looked at the happy face. Doctors, nurses and parents all seemed really pleased. This felt really significant in terms of iden;fying what X could and could not comprehend within his surroundings. This was a massive privilege for our music to be used in such an important way.

Sessions at GOSH are joyful, heartbreaking and eye-opening in equal measure. There is an emoTonal element to this work (in some ways greater to that of playing for older people) which we take very seriously, ensuring that we factor in Tme aker sessions to download and discuss our experiences and emoTons.

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Our work with the Islington GPs FederaTon conTnues, moving into working alongside the GPs on social prescribing. The idea here is that GPs will be able to send their paTents to Spitz events in the garden of Bridgeside Lodge Care Home. We have provided musicians to play in the waiTng rooms of surgeries across the borough, at coffee mornings and during flu-jab clinics. The feedback has been that this creates a friendlier atmosphere, with service users staying longer than usual, chahng to each other and aiding community cohesion. Dr Grace McGeoch, having stepped away from general pracTce, has begun singing workshops for staff and residents at Bridgeside Lodge and we hope will take on a semi-consultant role with us providing insight and connecTons as well as evaluaTng our work.

In July 2024 Art Explora engaged The Spitz to provide 12 live music sessions at two “extra care” assisted living communiTes (Elgin Close in West London and Mildmay Park in Islington) as part of their Music At Home project.

Above lek: Marcus BonfanT performing for residents Above right: Dom Pipkin and Louise Balkwill of Elgin Close with daughter Isabella at Mildmay Park

We hope to conTnue working at these various locaTons in 2025 in addiTon to expanding our work. We are in discussions to bring music to children’s hospices and also to antenatal services at St Thomas’ Hospital, thus truly cemenTng the spectrum of our provision to the enTre human life span.

Project funding

The first quarter of 2024 was difficult for The Spitz in terms of funding, as a number of our applicaTons were rejected and those who did award grants reduced the amount they gave. During this Tme, we reduced the number of sessions we did at Bridgeside Lodge Care Home, choosing to prioriTse and consolidate our newer avenues of work, such as Great Ormond Street Hospital.

Thankfully things improved towards the end of the second quarter of the year and the third quarter was the strongest in our history in terms of funds received. During this difficult period we learned to be bold yet humble. Reaching out to contacts who had offered help in the past and being very open about the troubles we were facing. We were very encouraged by the generous responses from individuals. While we wouldn’t wish to go through such a period again, we feel stronger for having done so.

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The Armourers and Brasiers Gauntlet Trust invited us to their annual charity supper in September 2024. It’s an opportunity to network with other chariTes and with the A&B Trust, to learn about their work and discuss opportuniTes for future funding and indeed later led to a fourth year of core funding for The Spitz.

In April 2024, Jane Glitre and Thom Rowlands aended an online grief workshop with Dr Kathryn Mannix and Dr Rachel Clarke enTtled _How to support people towards the end of life._ A conversaTon between two leading lights in palliaTve and end-of-life care in which they discussed their experiences of providing care at the end of life and anTcipatory grief. This workshop enabled us to feel beer equipped to deal with some of the emoTonal elements and implicaTons of our work.

This followed an in-person event with Dr Clarke at Apothecaries Hall in central London in February enTtled “Speaking uncomfortable truths to the world: A cri;cal role for a medical writer” in which she explored the way in which medicine and the health service communicates with the public. We met her during a meet-and-greet and discussed our work and the power of music more broadly.

As in 2023, we hosted an “in memory” page on our website for a former resident of Bridgeside Lodge. Her family requested donaTons to The Spitz in lieu of flowers at the funeral as Spitz musicians provided music.

Following a grant from The Utley FoundaTon, The Spitz engaged Big Bang PR in an effort to raise our profile and lead to increased funding. This led to 21 pieces of press coverage between January and April across print, radio, digital and television. We were featured on BBC Breakfast (naTonal) and BBC London Radio and TV as well as their social media channels.

= h`ps://www.youtube.com/watch?v DDW8vYR_HXo

Following this

naTonal coverage we received donaTons from the general public and requests from various care providers enquiring about the possibility of us playing at their care homes / day centres.

We received further pro-bono PR input from global markeTng agency Team Lewis. Aker one of their employees made a donaTon to The Spitz in 2023, we reached out to them for help during our period of financial difficulty. The result was two days of filming at Bridgeside Lodge, leading to a promoTonal film enTtled A Las;ng Legacy which you can watch on YouTube.

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h`ps://www.youtube.com/watch?v=nWmnekZZMQs

In July, Spitz Director Jane Glitre and General Manager Thom Rowlands a`ended Team Lewis FoundaTon’s summer garden party at College Garden, Westminster Abbey where we met representaTves from other organisaTons supported by TLF as well as the CEO of Team Lewis Chris Lewis.

The Board / Governance

Marvin Browne gave noTce to resign from the board and will remain in posiTon unTl a replacement is found. Salaeh Micci resigned from the board. We are speaking with replacement Trustees at the Tme of wriTng. Dr Sarah Rutherford conTnued in her role as chair and Perri Lewis remained in post as a trustee.

We met with musicians in January to discuss the year ahead. We feel it is important to receive feedback from the musicians who are conducTng the sessions and to implement their ideas. With this in mind we created a Google form, allowing musicians to give feedback aker each session. The form records date, Tme and locaTon of the session, any stand-out moments and also an opportunity to report on any alarming occurrences (for safeguarding purposes).

We held our annual strategy and planning meeTng in November as part of the ongoing development of the organisaTon. This meeTng was a`ended by the director, GM and the board of trustees, covering financial stability, funding streams, discussions of personnel (“core team”, musicians and other freelancers such as ad-hoc consultants and evaluators). During this meeTng we idenTfied a number of objecTves for 2025.

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Signed by order of the trustees

Dr S Rutherford (Chair)

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The Spitz Charitable Trust

Independent Examiners Report to the Trustees

Year ended 31 December 2024

I report to the trustees on my examinaTon of the financial statements of The Spitz Charitable Trust ('the charity') for the year ended 31 December 2024.

ResponsibiliTes and basis of report

As the trustees of the company you are responsible for the preparaTon of the financial statements in accordance with the requirements of the ChariTes Act 2011 ('the 2006 Act’).

I report in respect of my examinaTon of the Trustee’s accounts carried out under secTon 145 of the 2011 Act and in carrying out my examinaTon I have followed all the applicable DirecTons given by the Charity Commission under secTon 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examinaTon. I confirm that no maers have come to my aenTon in connecTon with the examinaTon giving me cause to believe that in any material respect:

  1. accounTng records were not kept in respect of the charity as required by secTon 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of the accounts set out in The ChariTes (Accounts and Reports) RegulaTons 2008 Act other than any requirement that the accounts give a ‘true and fair' view which is not a ma`er considered as part of an independent examinaTon; or

I have no concerns and have come across no other maers in connecTon with the examinaTon to which aenTon should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Peter Conneely FCCA Shipleys LLP Independent Examiner 5 Godalming Business Centre Woolsack Way Godalming Surrey GU7 1XW

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The Spitz Charitable Trust

Independent Examiners Report to the Trustees Statement of Financial AcTviTes

Year ended 31 December 2024

2024 2023
Unrestricte Restricted
d funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
DonaTons and legacies 5 58,518 128,955 187,473 127,064
Charitable acTviTes 6 - 11,981 11,981 8,494
Investment income 7 740 - 740 780
--------------------- --------------------- --------------------- ---------------------
---- ---- ---- ----
Total income 59,258 140,936 200,194 136,338
=============== =============== =============== ===============
==== ==== ==== ====
Expenditure
Expenditure on charitable acTviTes 8 19,277 151,918 171,195 189,123
--------------------- --------------------- --------------------- ---------------------
---- ---- ---- ----
Total expenditure 19,277 151,918 171,195 189,123
=============== =============== =============== ===============
==== ==== ==== ====
--------------------- --------------------- --------------------- ---------------------
---- ---- ---- ----
Net (expenditure)/income and
movement in funds 39,981 (10,982) 28,999 (52,785)
=============== =============== =============== ===============
=== ==== ==== ====
ReconciliaTon of funds
Total funds brought forward 41,066 29,335 70,401 123,186
--------------------- --------------------- --------------------- ---------------------
---- ---- ---- ----
Total funds carried forward 81,047 18,353 99,400 70,401
=============== =============== =============== ===============
==== ==== ==== ====

The statement of financial acTviTes includes all gains and losses recognised in the year.

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The Spitz Charitable Trust

Independent Examiners Report to the Trustees

Year ended 31 December 2024

All income and expenditure derive from conTnuing acTviTes.

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The Spitz Charitable Trust

Statement of Financial PosiTon

31 December 2024

2024 2023
Note £ £ £
Fixed assets
Tangible fxed assets 12 3,307 995
Current assets
Debtors 13 - 100
Cash at bank and in hand 101,107 73,831
----------------------- -----------------------
-- --
101,107 73,931
Creditors: amounts falling due within one year 14 5,014 4,525
--------------------- ---------------------
---- ----
Net current assets 96,093 69,406
--------------------- ---------------------
---- ----
Total assets less current liabiliTes 99,400 70,401
--------------------- ---------------------
---- ----
Net assets 99,400 70,401
=============== ===============
==== ===
Funds of the charity
Restricted funds 18,353 29,335
Unrestricted funds 81,047 41,066
--------------------- ---------------------
---- ----
Total charity funds 15 99,400 70,401
=============== ===============
==== ====

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

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The Spitz Charitable Trust

Statement of Financial PosiTon

31 December 2024

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

1. AccounTng policies

Basis of preparaTon

These financial statements have been prepared in compliance with FRS 102, 'The Financial ReporTng Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended PracTce applicable to chariTes preparing their accounts in accordance with the Financial ReporTng Standard applicable in the UK and Republic of Ireland (FRS 102) (ChariTes SORP (FRS 102)) and the ChariTes Act 2011.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the ChariTes (Accounts and Reports) RegulaTons 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following AccounTng and ReporTng by ChariTes preparing their accounts in accordance with the Financial ReporTng Standard applicable in the UK and Republic of Ireland (FRS 102) effecTve 1 January 2019 rather than the AccounTng and ReporTng by ChariTes: Statement of Recommended PracTce effecTve from 1 April 2005 which has since been withdrawn.

The charity meets the definiTon of a public benefit enTty under FRS 102.

The funcTonal currency of the charity is considered to be pounds sterling because that is the currency of the primary economic environment in which the Trust operates. The financial statements are also presented in pounds sterling.

Amounts are presented to the nearest £, unless otherwise stated

Going concern

The Trustees have considered the ability of the Trust to conTnue as a going concern. The trustees consider that there are no material uncertainTes about the charity’s ability to conTnue as a going concern for at least twelve months from the date of approving the accounts.

The Trustees are confident the services provided are needed more than ever. The Managers of the Day Centres and Bridgeside Lodge Care Home feel the Trust is an essenTal fabric of the way forward to help residents.

The Trust has a number of applicaTons for funding for which it is awaiTng approval. Whilst the Trustees acknowledge that not all applicaTons will be successful, they are confident sufficient grants will be received that will enable the Trust to conTnue for the foreseeable future.

The AcTvity Co-ordinators at Ealing and Northwick Park Hospitals consider the work of the Trust to be a vital part of a posiTve paTent experience. The Play Specialists and Head of Volunteering at Great Ormond Street believe the Trust is making a real and tangible difference to the children in their care.

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

AccounTng policies (con&nued)

Fund accounTng

Unrestricted funds are available for use at the discreTon of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for parTcular future project or commitment.

Restricted funds are subjected to restricTons on their expenditure declared by the donor or through the terms of an appeal.

Income

All income is included in the statement of financial acTviTes when enTtlement has passed to the charity; it is probable that the economic benefits associated with the transacTon will flow to the charity and the amount can be reliably measured. The following specific policies are applied to parTcular categories of income:

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial acTviTes to which it relates:

AccounTng policies (con&nued)

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

All costs are allocated to expenditure categories reflecTng the use of the resource. Direct costs a`ributable to a single acTvity are allocated directly to that acTvity. Shared costs are apporToned between the acTviTes they contribute to on a reasonable, jusTfiable and consistent basis.

Tangible assets

Tangible assets are iniTally recorded at cost, and subsequently stated at cost less any accumulated depreciaTon and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluaTon less any subsequent accumulated depreciaTon and subsequent accumulated impairment losses.

DepreciaTon

DepreciaTon is calculated so as to write off the cost or valuaTon of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment - 20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporTng date, with the recoverable amount being esTmated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporTng date.

For the purposes of impairment tesTng, when it is not possible to esTmate the recoverable amount of an individual asset, an esTmate is made of the recoverable amount of the cashgeneraTng unit to which the asset belongs. The cash-generaTng unit is the smallest idenTfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Cash flow statement

The charity has taken advantage of the exempTon in the ChariTes SORP FRS 102 from the requirement to produce a cash flow statement on the grounds that it is a small charity.

Reserves

It is the policy of the Trust to maintain a balance in unrestricted reserves of at least £30,000 to cover future expenditure. The balance in unrestricted reserves is unusually larger at 31 December 2024 due to a one-off unrestricted donaTon received in late December 2024. Those funds will be used for the Trust’s charitable acTviTes in the year to 31 December 2025.

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

19

The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

5. DonaTons and legacies

.
DonaTons and legacies
Unrestricted R e s t r i c t e d Total Funds Total Funds
Funds Funds 2024 2023
DonaTons
Private donaTon 30,000 - 30,000 -
Other 24,518 - 24,518 13,692
Grants
Arts Council England -
26,955		 26,955 29,997
Garfeld Weston FoundaTon -
-		 - 15,000
Derwent London -
-		 - 10,000
Richer Sounds -
10,000		 10,000 10,000
NaTonal Lo`ery -
10,000		 10,000 10,000
Highway One Trust -
10,000		 10,000 9,975
Armourers & Brasiers Gauntlet Trust -
4,000		 4,000 4,000
Joan Ainslie Charitable Trust -
3,000		 3,000 3,000
Wise Music FoundaTon -
4,000		 4,000 2,500
City Bridge Trust -
10,000		 10,000 15,000
Edward Gostling FoundaTon -
-		 - 1,500
The Invesco Cares FoundaTon -
-		 - 1,000
Woodroofe Benton -
-		 - 500
Robert David Burrows -
-		 - 150
Islington Borough -
-		 -
750
Art Explora -
3,000		 3,000 -
The Skinners Company -
2,000		 2,000 -
Worshipful Company of Insurers -
2,000		 2,000 -
Jules Thorn Charitable Trust -
3,000		 3,000 -
Doyly Carte -
3,000		 3,000 -
Helen Hamlyn Trust -
7,000		 7,000 -
Vandervell FoundaTon - 2,000 2,000 -
The Utley FoundaTon -
29,000		 29,000 -
Artemis Charitable Trust 4,000 - 4,000 -
Total 58,518 128,955 187,473 127,064

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

============== ============== ============== ==============

In the year to 31 December 2023, restricted grants of £113,972 were received.

6. Charitable acTviTes

Unrestricte Unrestricte Restricted Restricted
Total Funds		 Restricted Total Funds
d Funds Funds 2024 Funds 2023
£ £ £ £ £
Fundraising events - 11,981 11,981 8,494 8,494
=============== =============== =============== =============== ===============
==== ==== ==== ==== ====
.
Investment income
Unrestricte Total Funds Unrestricte Total Funds
d Funds 2024 d Funds 2023
£ £ £ £
Bank interest receivable 740 740 780 780
============== ============== ============== ==============
.
Expenditure on charitable acTviTes by		 fund type
Unrestricted Restricted
Total funds
Total funds 2023
Funds Funds 2024
Direct Costs £ £ £ £
Purchases 70 - 70 1,068
Sessional and contract arTsts 13,397 50,824 64,221 82,479
Salaries - 72,267 72,267 64,972
Publicity and markeTng 33 6,049 6,082 4,898
Travel and subsistence costs 1,087 744 1,831 2,892
Insurance - 723 723 757
General ofce expenses 143 - 143 817
Computer support and website 3,610 256 3,866 3,647
Consultancy fees - - - 3,325

7. Investment income

8. Expenditure on charitable acTviTes by fund type

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024
DepreciaTon 627 - 627 798
EvaluaTon fees - - - 1,800
Project management - 9,484 9,484 9,067
Research and development - 9,484 9,484 9,707
Total 18,967 149,831 168,798 186,227
============== ============== ============== ==============
Governance £ £ £ £
Bank fees 90 - 90 83
Accountancy fees 220 2,087 2,307 2,813
Total 310 2,087 2,397 2,896
============== ============== ============== ==============
Total 19,277 151,918 171,195 189,123
============== ============== ============== ==============

9. Net income Net income is stated aker charging/(crediTng):

2024 2023 £ £ DepreciaTon of tangible fixed assets 627 798 ============== ==============

10. Staff costs

The total staff costs and employee benefits for the reporTng period are analysed as follows:

2023 2023 £ £

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024
Wages and salaries
Social security costs
Pension costs		 85,446
4,281
1,508
91,235		 78,926
8,381
758
88,065

The average head count of employees during the year was two (2023: two).

A proporTon of the salary costs have been allocated to project and management and research and development costs.

11. Trustee remuneraTon and expenses

No trustees received any remuneraTon during the period. No expenses were reimbursed to trustees in the year.

No trustee had any personal interest in any contract or transacTon entered into by the charity during the period.

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

12. Tangible fixed assets

Equipment Total
£ £
Cost
At 1 January 2024 5,383 5,383
AddiTons 2,939 2,939
--------------------- ---------------------
-- --
At 31 December 2024 8,322 8,322
=============== ===============
==== ====
DepreciaTon
At 1 January 2024 4,388 4,388
Charge for the year 627 627
--------------------- ---------------------
-- --
At 31 December 2024 5,015 5,015
=============== ===============
==== ====
Carrying amount
At 31 December 2024 3,307 3,307
=============== ===============
==== ====
At 31 December 2023 995 995
=============== ===============
==== ====
13. Debtors
2024 2023
£ £
Other debtors - 100
============== ==============

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

14. Creditors: amounts falling due within one year

reditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 60 -
Accruals and deferred income 1,680 2,039
Social security and other taxes 2,842 2,320
Pension control 432 166
--------------------- ---------------------
-- --
5,014 4,525
=============== ===============
==== ====

15. Analysis of net assets between funds

Unrestricted Restricted Total 2024
£ £ £
Tangible fxed assets 3,307 - 3,307
Current Assets 81.074 20,033 101,107
Current LiabiliTes (3,334) (1,680) (5,014)
Total 81,047 18,353 99,400
============== ============== ==============
Unrestricted Restricted Total 2023
£ £ £
Tangible fxed assets 995 - 995
Current Assets 42,557 31,374 73,931
Current LiabiliTes (2,486) (2,039) (4,525)

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The Spitz Charitable Trust

Notes to the Financial Statements (con&nued)

Year ended 31 December 2024

Total 41,066 29,335 70,401
============== ============== ==============

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