Charfty number: 1167539 The Tom Mabbott Fund Unaudltod Trustses. report and flnanclal ststsments for the year ended 31 March 2025
The Tom Mabbott Fund Contents Page Reference and adminlstratlve details of the companyi its Trustees and advisers Trusts08' report Independent ex•mlnorfs report Statement of flnanclal actlvltles Balance sheot Notos to the flnanclal statwn•nts 7-11
The Tom Mabbott Fund Reference and administrative detalls of the companyg its Trusteès and advisers for the year ended 31 March 2025 Trustees Kevin Munslow Hèlen Sadler (resigned 8 June 2024, appoInted 8 June 2025) Allan Mabbott (resigned 20 Juty 2025) Elaine Mabbott (appointed 22 November 2024) Charity reglsterad numbor 1167539 Prlnclpal office Clo Slgnature Litigation LLP 138 Fetter Lane London EC4A 1 BT Accountant• Kreston Reeves LLP Chartered Accountants 2nd Floor 168 Shoreditch High Street London E16RA Banker• Natwest Bank Plc. 156 Fleet Street London EC4A 2DX Page 1
The Tom Mabbott Fund Trustees, report forthe year ended 31 March 2025 The Trustees present their annual report together with the financial statements of the The Tom Mabbott Fund for the period 1 April 2024 to 31 March 2025. Objectives and activities a. Pollcies and objectivès The objective of the CIO is to provide relief of those in need, for the benefit of past and present members and staff of Signature Litigation LLP and their dependants, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage. b. Activllles undertaken to achieve objectives The CIO will provide grants to fund medical procedures not readily available on the NHS or through medlcal insurance, specialist equipment needs, counselling support, respite and recuperatlon facillties and lo relieve financial hardship. c. Maln actlvltles undgrtaken to further tho company's purposes for the publlc bonofit To date the Tru5tee5 have focused on 8nsurlng that potential beneficiaries are aware of the existence of the fund and the support thal it aims to provide. To date there have been no calls on the resources of the Fund. Achievements And perforniance a. Key performance indlcator¥ The key financial perfomiance Indlcators are as follows: The CIO is entitled to receive an annual donation from the Law Firm, Signature Litigation LLP, representing 1 % of profits generated each year. For the year to 31 st March 2025 total income generated from this source (inclusive of gift aid) totalled £180,366 (2024.. £154,671) and total income was £191,80512024'. £164,004) induding investment income, a suiplus £191,804 (2024.. £164,004) was recorded for the year and transfeed to reserves. Key activities during the year focused on admlnistrative tasks in addillon to communicating with potential beneficiaries. The reserves oflhe CIO a held in cash and low rlsk investsnent. Flnancial revlew . Golng ¢oncern After making appropriate enquiries, the Trustees have a reasonable expectation thal the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial stslements. Further details regarding Ihe adoption of the going concern basis can be found in the Accounting Policies. Page 2
The Tom Mabbott Fund Trusteas, report Icontinued) for the year ended 31 March 2025 Structure. governance and management a. Constitutlon The Tom Mabbott Fund 18 a Charitable Incorporated Organisation (CIO) governed by Constitution dated 315t May 2016. The CIO was registered bythe Charity Commission on 8th June 2016 (Registered No - 1167539). b. Methods of appoinlrnent or olactlon of Trustees The management of the cornpany is the responsibility of the Trustees who are elected and Copted under the terms of the Charitable Incorporated Organisation. c. Oryanisatlonal Structure and decislon4naking pollcles The Trustees meet on an as needed basis in order to discharge their dutiés in relation to thè management of the affairs of the CIO and decisions are reached by majority vote of the Trustèes as set out in the CIO'S Constitution. Approved by 201A ) loL( order the members of the board and signed on thelr behalf by: Trustees on Kevin Munslow ITru8tee) Helon Sadler (Trustee) Page 3
The Tom Mabbott Fund Independent 8xamlnerf5 report forthe year ended 31 March 2025 Independent examiner's report to the Trustees of The Tom Mabbott Fund I'the company.) I report to the charity Trustees on my exarnination of the accounts of the cornpany for the year ended 31 March 2025. Responslbilities and basls of report As the Trustees of the company you are responsible for the preparation of th8 accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act.). I report in respect of my examination of the companls accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs ststement Your attention is drawn to the fact that the company has prepared the accounts in accordance wlth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 in preferen to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extanl regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the exarnination giving me cause to believe that in any material respect- accounting records were not kepl in respect of the company as required by section 130 of the 2011 Act,. or the accounts do not accord with those records,. or the accounts do not comply wrth the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that Ihe accounts give a 'tru8 and fair, view which is not a matter Considered as part of an independent examination. I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding oflhe accounts to be reached. This report is made solely to the companws Trustees, as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters l am required to state lo them in an Independent èxaminer'5 report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the company and the companvs Trustees as a body, for my work or for this report. Signed.. Dated.. 20th November 2025 K Ondhia Page 4
The Tom Mabbott Fund Balance sheet as at 31 Mar¢h 2025 2025 2024 Note Fixed assets Current assets Debtors Cash at bank and in hand 150.366 921,409 124,672 755,299 1,071.775 879,971 Not Current assets 1.071.775 879,971 Totsl a3sets1o$8 current Ilabllltles 1.071.776 879.971 Net as•ots oxcludlng pension us•t 1,071.775 879,971 Total net asset• 1.071,775 879,971 Charlty funds Restricted funds Unrestricted fvnds 10 10 1,071.776 879,971 Total funds 1.071,775 879,971 The financial slatements were approved and authorised for issue by the Trustees on 10 It rfOot¢f l(Y>) and signed on their behalf by. Kevln Munslow (Tnjstee) Helèn Sadler (Trustee) The notes on pages 7 to 11 fomi part of these financial ststements. Page 6
The Tom Mabbott Fund Ststement of flnancial activitios for the year ended 31 March 202S Unrestrlcted funds 2025 Total . funds 2025 Total funds 2024 Not• Incomg from: Donations and legacies Investments 180,366 11,439 180,366 11N39 154,671 9,333 Totsl income 191,805 191,805 164,004 Expendlture on: Charitable activities Total expanditure Net movement In funds 191,804 191,804 164.004 Reoonclllatlon of funds: Total funds brought forward Net movement in funds 879.971 191,804 879,971 191,804 715,967 164,004 Total funds carrled forward 1,071,775 1,071,775 879,971 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 7 to 11 forni part of these financial statement8. Page 5
The Tom Mabbott Fund Notes to the financial statements for tho year ended 31 March 2025 General Infomiation The Tom Mabbott Fund is a Charitable Incorporated Organisation (CIO) govemed by Constitution dated 31st May 2016. The CIO was registèred by the Charity Commission on 8th June 2016 (Registered No . 1167539). Accounting policies 2.1 Basis of preparallon of financlal ststements The financlal 5tatemenls have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recomrnended Practice applicable to charities preparing their accounls in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) and the Charltles Ad 2011. The financial statements have been prepared to give a 'true and fail view and have departed frorn the Charities (Accounts and Reports) Regulatsons 2008 only to the extent required lo provide a 'true and fair, view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than Ihe Accounting and Reporting by Chariti8s'. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Tom Mabbott Fund meets the definition of a public benefit entity under FRS 102. A55e15 and liabilities are initially recognised at historical cosl or transaction value unless Otherwise stated in the relevant accounting policy. 2.2 Golng concern 'The Trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue a5 a going concem. The Trustees make this assessment in respect of a period of al least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequale resources to continue in operational existence for the foreseeable future and thère are no material uncertainties aboLrt the ChaTrt5ls ability to continue as a going concem, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3 Incom• All Income is recognised once the company has entitlement to the income, il is probable that the ino)m8 will be received and the amount of income recelvable ran be measured r81iably. Income tax recoverable in relation to Investment income Is recognised at the time the inveslment incom8 is receivable. Page 7
The Tom Mabbott Fund Notes to the financial statements for the year ended 31 March 2025 Accounting pollcies Icontlnuedl 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are mad6 up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a b8SlS COVISiStent with the use of resources. Central staff costs are allocated on Ihe basis of time spent, and depreciats'on charges allocated on the portion of thé asset's use. Expendlture on charitable activities is incurred on directly und8rtaking the activlties which furth8r the rnpany'5 objectives, as well as any associated support costs. All expenditure Is Incluslve of irrecoverable VAT. 2.5 Debtors Trade and other debtors are recognised at the settlement amount after any trade discounl offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.6 Cash at bank and In hand Cash at bank and in hand indudes cash and short-lerrn highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Flnanclal instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.8 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the TTilStees in furtherance of the general objectives of the company and which have not been deslgnated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Income from donatlons and legacle$ Unre8trlcted funds 2025 Total funds 2025 Total funds 2024 Donations 180,366 180,366 154.671 Page 8
The Tom Mabbott Fund Notes to the financial ststements for the year ended 31 March 2025 Investment incom Unrestrfcted funds 2025 Total funds 2025 Total funds 2024 Investment income 11,439 11,439 9,333 Total 2024 9,333 9.333 Analysis of expendlture on charftabl• actlvltleg Summary by fund typ• Unrestrlcted fund8 2025 Total 2025 Total 2024 Govemance costs Total 2025 Analysis of expendlture by actlvltles Support costs 2025 Total funds 2025 Total funds 2024 Bank Charges Total 2026 Independent examlnoVs remuneratlon The independent examinerfs remuneration amounts to an independent examiner fee of £ - (2024- £ -). Trustees. remuneratlon and expenses During the year, no Trustees received any remuneration or other benefft5 (2024- £NIL). During the year ended 31 Mardi 2025, no Trustee expenses have been incurred (2024- £NIL). Page 9
The Tom Mabbott Fund Notes to the flnancial statements for the year ended 31 March 2025 Debtors 2025 2024 Due withln one year Trade debtor5 150.366 124,672 160,366 124,672 10. Statement of fund• ststement of funds - current year Balance at 31 March 202S Balance at 1 April 2024 Income Exp•ndlture Unrastrfctsd fund$ General Funds - all funds 879,971 191.806 111 1,071,775 Statsment of funds - prior yaar Balance at 31 March 2024 Balance at 1 Aptil 2023 Income Unrestrlcted funds General Funds- all funds 715,967 164,004 879,971 11. Analysls of nat as8ets between funds Analysls of net assets between funds - current year Unrestricted funds 2025 Total funds 2026 Current assets 1.071,775 1,071.775 Totsl 1.071,775 1,071.775 Page 10
The Tom Mabbott Fund Notes to the flnancial ststements for the year ended 31 March 2025 11. Anatysis of net assets between funds (¢ontlnued) Analysls of net assets between funds - prior year Unrestricted funds 2024 Totsl funds 2024 Current assets 879,971 879,971 Total 879.971 879,971 Page 11