Charity Rogistration No. 1187179
THE SIR BERNARD & LADY SCHREIER
FOUNDATION
ANNUAL REPORT AND FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE SIR BERNARD & LADY SCHREIER FOUNDATION
CONTENTS
Pa9e
Trustees. report
Independent audrtor's report
Statement of finanoal aetiwties
Balance sheet
10
Noles to the finan¢ial statements
11-18

THE SIR BERNARD & LADY SCHREIER FOUNDATION
TRUSTEES AND PROFESSIONALADVISERS
Charity number
1187179
Company number
CE020177
Trustees
Mrs Iris Gibbor
Mr Mark Gibbor
Dr Luke Gibbor
Mr John Smrth
Prlncipal address
CP House
Otterspool Way
Watford
WD25 &JJ
Aecountsnts
81i¢k Rothenberg ￿Mited
Chartered Accountsnts
16 Gieat Queen Street
Covenl Garden
London
WC28 SAH
Auditor
BliL* Rothenberg Audit LLP
16 G￿at Queen Street
Covent Garden
London
WC2B 5AII
Bankers
Barclay5 Bank plc
1 Churchill Place
London
E14 SHP
Investmènt advi$of5
8ardays Investmenl SOIL￿"0n$ Limited
1 Churchill Place
London
E14 5HP

THE SIR BERNARD & LADY SCHREIER FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Tnjstees Pfesent their Teport and financial ststements of The &'r Bemard & Lady Schreier Foundation lor
the year ended 31 December 2023.
The financial slalements have been prepafed in accordance ￿th the accounbng policies set out In note 1 to
t*e financial statements and comply the Charity's conslituts'on dated 2 January 2020. the Charities Act
2011 and 'Accounting and Repo￿.ng by Chants"es.' Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Finanual Repo￿n9 Standard applicable in the UK
and Republic of I￿land {FRS 102) leffethve 1 January 2019)-.
Reference and administrative Inforniatson
The Sir Bemard & Lady Sthreier Foundatson 15 registered as a Charity vth the Charty Commis&on,
regislratton number 1187179.
The Trustees in offiGe during the year and al the tlate of this report. together ￿ the addres$ cl the Charity's
prin¢tpal and registered office. are a5 set out on page l.
Structure, governance and management
The Charity Is a chantable 1ncorporated organisatson registered on 2 January 2020. Under the terms of the
conslituts"on. the Trustees have the power lo appoint new Trustee5. Apart from Ihe first Trustees, Trustees
musl be appointed for a term of th￿e years by a resOlut￿n passed al a property convened meeting of the
Charity Trustees.
The existing TTLlStees are responsible for the indu¢ts'on of any new TTUStees %thich would involve having a
awareness of a Trustee's responsibilities. the goveming doGument. administrative procedures, and Ihe history
and philosophy of the Charity. A new Trustee would Teceive a welcome pack which would Indude copie5 of the
previous year's annual report and a¢count5, a brief history of the Chanty and a copy of the goveming
document. The pack would also include 3 copy of the Charity Commission guidanrE "Charity Trustee
Welcome Pack" issued by the Charity Commission on 29 May 2018.
The Trustee5 are respon51ble for strategy and policy and all major d￿lsIonS are laken by the Trustees. The
day lo day administratyon is undertaken by the Trustees.
The Trustees examine the major risks Ihat the Charty faces every financsal year. these being the effect of a
poor performance ITOM inveslments and a drop in investsnent income and potentsal misuse ol grants made.
The Tnjslees have developed systems to monitor and control these ri$ks to mitigate any impact they may
have on the Charity in the future.
The Tfustees have systems in place to idenlfy any ¢onfiicts of interest that may occur. If a conflict of inteTesl
arises. the relevant Trustee agrees to wthdraw trom any di8￿$S1on and decision ma￿ng.
Objectives and activities for the benefit of the publi¢
The obiecls of Ihe Charity are for the public benefit foi the advancement of health pnmanly but not exclusively
by providing relief and support to people affeded by poor mental hearth and for such other exclu51vely
charitable purposes laccording lo the law5 of England Wales) as the Ttustees shall from ts.me to tsme think
fit.
In setting their ollectives and grant making policy for the year, and irs planning for the fvlure. the Trustees
have had due regard to the puNished Charity Commission guidance on the operation of the public benefit
quirement of the Chanties Act 2011. and have undertaken appropriate activities in furtherance ol those aims.
The Trvstees have establisbed a grant makjng policy to achieve the Charity's obiect5 for the publi¢ benefit.
The Truslees received applicatson5 for gfants Irom a wide vanety ol charrtable Institution5 induding those
engaged in medical and ancillary services lincluding medical researd)), helping the disabled, and rdieving
poverty. The Trustees considered all request5 they received and. to aGhieve the Charity's Dbje¢ts for the public
benefft, made grants to variou$ selected applicants in ac¢ordance wlh Its grant making policy.

THE SIR BERNARD & LADY SCHREIER FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
The net movement In lunds for the period amounted to a surplus of £313,853.3812022." deficit £303.848.491.
The unrestricted fiJnds amounted lo £4.556.754.52 12022. £4.242.901.141 at the balance sheet dale. The
value of Investments at 31 December 2023 was £3,964.660.5712022.' £3,753,094.88). Gains on investrnents
In the year were £225.093.61 12022. 105s £403.540.041.
Dunng the year the Charity received donatiims under gift aid totslling £103.72012022". £100,000), excluding
tax re￿verable, from one ofthe Trustee5.
The Charity's pOv￿r5 to invest rts funds are set out in the Charty's constitub.on dated 2 January 2020. Any
monies not Immediately required for the fvrtherartce ol the Charty's objects may be invested al the discrets.on
of the Trustee5. There are no ￿Strictl0nS on Ihe Trustees, power to tnve5t fvnd$.
The Trustee5, as guided by their investment adwsers. have established an Investment policy designed both to
secure a reasonable income and to protecl the Gapitsl of the Charity. The Trustees w15h lo preserve the
capital fund of the Charity to enable it to continue lo support charrtable Causes in future yeafs.
After making appropriate enquiries. the Trustees have a reasonable expectatson that the Charity has adequate
resources to contsnue in opergtsonal existence for the lorsee3ble luluTe. For Ihis reason they continue to
adopt the going concem basis In preparing the financial statements. Further delails regarding the adoption of
the going concem basis be found in the Accounting Poliues.
Futur8 development
To fulfil their public benefit obligatsons the Trustees take a medium lo long-temi wew on the objects of the
Charity and rt Is anlicipaled that the Chanty ￿11 continue for the forseeable future lo support the charitable
aims defined in the consbtution.
A¢hi¢vements and perti>rmance
In the period the Charity achieved its aims, as sel out above in the 'Objectsves and a¢ts"vitses for the benefit of
the public. secbon on page 2, by making sixty four grants totalling £141.457.00 {2022 . £109,000.00). Detsils
of the grants made can be seen in note 5 on pages 13 10 16 of the finanual statements.
ReseNes policy
As sndicated above. it is the policy of the Charity to protect its caylal and so to maintain sub5tantsal reserves.
Free reserves representing sufficient ftbnds to cover administration and support costs and to respond lo
emergency applic￿OnS for grants %thich arise from time to lime are maintained by the Chanty. It is Intended
that grants will be made out of Income and any further grants wll depend on ifivestmenl perforniance. The
tree reserves. induding unresthcted Inveslment5. at 31 Decembei 2023 were £4,556.754.52 12022
£4.252.901.141.
Fundraising
The charity raises funds from Jnvestment retums. li does not run general fiJndraising programmes and so the
trustees do not believe that the Fundraising Code is applicable.

THE SIR BERNARD & LADY SCHREIER FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statemènt of Trustsa$' responsibilities
The Tru51ees are responsible for prepanng the Trustees, Rewrt and the finanoat statements in a￿OrdanCe
with applicable law and United Kingdom Accounting Standards (Untted Kingdom Generally Accepted
Aeeountsng Practice).
The law applicable to charibes in England and Wales requires the Trustee5 to prepare financial stslemenls for
each financial year which give a Irue and fair view of the state of affairs of the Charity and of the Incoming
iesources and application of reSour￿S of the Chanty for that year.
In preparing these f￿anCIal statements, the Twstees are required to..
select suitsble a¢¢ountsn9 policÉes and then apply them Con￿Sten￿y.
- observe the methods and principles in the Charsb"e5 SORP,"
- make judgements and estimates that are reasonable and prudent".
state ￿￿ether applicable accounts.ng standards have been followed. subj'ect to any material departures
disclosed and explained in Ihe finanual statements". an¢J
prepare the financial statements on the gotng concern basis unless it is inappropriate to presume that the
charity wll continue in operation.
The Trustees are Tesponsible foT keeping sufficient accounb.ng records that disdose wth reasonable accuracy
al any lime the financial posbbon of the Chanty and enable them to ensure that the financial statements
comply with the Charities Act 2011. the Charrty IAG¢ounts and Reports) Regulatyons 2008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the Chanty and hence frx taking
reasonable steps for the prevention and detection of traud and other irregulariti'es.
The Trustees. Teport Wa5 approved by the Board of Twstees.
Mrs
ris Gibbor
Trustee
Dated. . IA

THE SIR BERNARD & LADY SCHREIER FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE SIR BERNARD & LADY SCHREIER FOUNDATION
Opinion
We have audited the financial statements of The Sir Bemard & Lady Schreier Foundab"on Ithe 'Charty'l for the
year ended 31 December 2023 thich comprise the slalemenl of financial actsvrties, the balance Sheet and the
notes to the financial statements. Including a summary ol signific2nt accounting policies. The finar￿131 reporting
framework that has been applied in their preparatson Is applicable law and Unrted Kingdom Accounting
standards, including Financial Reporting StandaTLt 102 The Financial Reporting standa￿ applKable in the UK
and Republic of Ir818nd Iunited Kingdom Generally Accepted Accoursting Prathcel.
The financial staternenls have been prepared in accordance Accounb"ng and Reporting by Charities
prepanng their accoLtnts in accordance ￿th the Finanual Reporting Standards applicable in the UK and
Republic of Ireland IFRS 1021 in preference to the Accounty"ng and Reporung by Charit5es'. Statement of
Recommended Practsce issued on l April 2005 vthich is referred lo In the extant regulations bul has been
thdrawn.
This has been done in order for the accounts to provide a true and tsir view in accordance wth the Generally
Accepted Accounbng Practice effective for repo￿￿9 periods beginning on or after 1 January 2015.
In our opinion. the finanual ststements..
give a true and fair view of the stale of Ihe chanty's affairs as al 31 December 2023 and of its incoming
resou￿e$ and application of resources, for the Ye￿ then ended..
have been property prep&ed In accwdance wlh Unrted Kingdom Generalty A￿pted A¢counting Pra¢tice,'
and
have been prepared in a￿)rdance wlh the requirements of the Charities Act 2011.
Basis for opinion
We conduded OUT audit in accordark¢e wrth Intematsonal Slandards on Audits"ng IUK} IISA5 IUKII and applicable
law. Our responsibilities under If%ose standard5 are lurther described in the Auditorfs responsibil￿e$ for the audit
of the finanaal statements secb.on of our Teport. We are independent of the Chanty in accordance with th¢
ethical requiremenls Ihal are relevant lo our audrt of the finan¢ial statements In the UK. Induding the FRC'S
Ethical Standard. and we have fulfilled our other ethical respon51bilrties in accordance ￿th these Tequirement5.
We believe that the audrt eviden¢e we have obtained is suffirjent and appropriate to Provide a basis for our
opinion.
Conclusions rèlating to going concern
In auditin9 the financial sl*ements, we have conduded that the Trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identsfied any material uncertsinties relating to event5 or
conditions Ihat. Individually or collectively. may cast Significant doubt on the Charity's ability lo continue as a
going concem for a period ol at least ts￿ve months from when the finanrial statements are authorised for issue.
OUT responsibilities and the res￿n51￿11tseS of the Trustees vith resped to going concem are deSc￿be￿ in the
levanl sections of this report.

THE SIR BERNARD & LADY SCHREIER FOUNDATION
INDEPENDENT AUDITOR'S REPORT ICONTINUED)
TO THE TRUSTEES OF THE SIR BERNARD & LADY SCHREIER FOUNDATION
OtheT infom)ation
The other infornia150n comprises the infornab.on induded In the annual report, other than the finanual
statements and our auditor'5 report thereon. The Trustees are responsible for the other informatson. Our opinion
on the financial stalernents does not cover the other infomation and, except to the exient olherwise explicitly
slated in our report. we do not express any fomi of assurance condu%on thereon.
Our responsibility Is to read the other information and. in doing so. consider whether the other infomiation is
materially inconsistent wth the financial Statements or OUT knovAedge obtained in the course of the audit or
olheThMse appeaTS lo be materially misstated. If we Identsfy such material incongstencies or aPpar￿t material
misslalement5, we are required lo detemiine wttether thi5 gives rise lo a malenal misstatement in the financial
statements themselves. If, based on the work we have performed. we ￿￿dude that is a material
m155tatement 0¢ this other inforrnation, we are required to report that fact.
We have nothing lo Teport in this regard.
Matters on vthich are required to report by exception
We have nothing to report In Tespe¢t of the Idlowing matters in relation to Nthich the Charities (Account5 and
Reports) Regulats"on$ 2008 requtre us to report to you If. In our opinion".
the 1nfomiation given in the financial $tatement5 1$ inconslstent in any material respect with the Trustees,
report", or
the Charity has not kept adequate a¢¢ounts'ng records,. or
the financial statements are not in agreement wth ihe accounting record$ and retum$', or
we have not received all the infom)alion artd explanatsons we require for our audit.
Responsibilities of Trustees
As explained more fully In the statement of Twstees. respon￿bi￿11es. the TfUStee5 are responsible for the
preparation ol the financ¢al statements and for being sabsfied that they give a true and fair view. and for such
Internal control as the Trustees determine is necessary to enable the preparabon of financial Statements that are
free from material misslatement, whether due to fraud or effor.
In p￿ paring the financial statements, the Trustees a￿ ￿spOnSible for assesgng the Charity's ability lo continue
as a going concem. disdosing, as applicable. matter5 related lo going coneern and using the going concem
basis of accountsng unless the Trustees ether Intend to cease Operat1￿$, OT have no realistic alternative but to
do so.
Auditof5 rèsponsibklltiès for the audit of the financial slatsmènts
We have been appointed as auditor under 5ethon 144 of the chanb.es Act 2011 and report in accordance with
regulations made under section 154 of that Act.

THE SIR BERNARD & LADY SCHREIER FOUNDATION
INDEPENDENT AUDITOR'S REPORT ICONTINUED)
TO THE TRUSTEES OF THE SIR BERNARD & LADY SCHREIER FOUNDATION
Our objectives are lo obtain feasonable assurance about vhether the finanaal stslements as a Who￿ are free
from material misststement. thether due to fraud or error, and lo Issue an aL)dilor's report that includes our
opinion. Reasonable assurance is a high level of assurance. bul Is not a guarantee that an audit conducted in
accordance ISAS IUKI wll always delecl a material mis5talefnenl when it exists. Misstaternenls can anse
from fraud or effor and are considered matenal if. individually or In the aggregate, they could reasonably be
expected to influence Ihe economic decisions of users taken on Ihe basis ol these financial statefflents.
ITregularitie$, including fraud, are instances of non-compliance with laws and regulab"on$. We design procedures
in line with our responsibilitses. outlined above, to detect material misstatements in respect of Irregulanties.
induding fraud. The extent to which our procedures are capable of detecbng irregulanties. including fraud is
detailed below
the engagement partner ensured that the engagement team ccllecaively had the appropriate competen¢e,
capabilities and S￿.11$ to identify or reco9nise non-compliance wth applicable laws and regulations",
we identified the laws and re9ulalions applicable to the tharty through discussions wlh trustees and other
management, and from OUT kno￿edge and expeiience of the tharrty sector..
we focused on specific laws antl regulatsons which we considere(J may have a direct material effect on the
financial slalements or the opefalions ol the charity. Induding the Companies Act 2006. Charities Act 2011.
tsxatson legislation and data protection, employment and health and safety legislaty"on,'
we assessed the extent of compliance wlh the laws and Tegulations identified above through making
enquirie5 of management and inspects'ng legal correspondence." and
identified laws and regulatsons were communicated ￿thin the audrt team regularly and the team remained
alert lo instances of non-complianGe throughout the audit.
We assessed the susceptibilty of the charity's financial ststements to material misstslement, Including obtaining
an understanding ol how fraud rnight occur. by..
making enquines ol management as to where they consdered there was susceptsbility to fraud. their
kno￿edge of actual. suspected and alleged fraud.. and
considering the internal contrds in place to miti9ate risks of fraud and non-compliance wrth laws and
regulation5.
To address the risk of fraud through management bias and override of controls. we".
performed analylieal procedures lo idenlify any unusual or unexpected relabonships",
lesled a sample of journal entries lo identsfy unusual Iransath"ons'.
assessed whether judgements and assLbmpbons made In determining the accounting e5tsmales were
indicative of potential bias. and
investigated the rationale behind significant OT unusual transactions.
In response to the nsk of iThegulanbes and nOn-coM￿lance th laws and regulatson5, we designed procedures
Ich included. but were not limited lo".
agreeing financial statement disclosures to underlying supporbng documentatson.,
reading the minutes of meeb'ngs of those charged goveman¢e'.
enquiring of management as lo actual and potential I￿gatIon and claims; and
revIe￿n9 COr￿Sponden¢e Trhith rdevant ￿gulatOrS.
There are inherent limitstions in our audit procedures descnbed al)ove. The more Temoved that laws and
regulations are from financial transactions, the less Iikety rt Is that we would become aware ol non-compliance.
Audiling standards also limit the audit proceduies required to identy.fy non-compliance wlh laws and regulations
lo enquiry of the directors and other management and the inspectÈorE ol regulatory and legal corTesp¢y)dence. il
any.
Material misslalements that anse due to fraud can be harder to detect than those that arise from error as they
may involve deliberate concealment or collusion.
A lurther de5￿pts0n of our responsibilrties for the audit of the financial staternents is localed on the Financial
Reporting Council's website at WVhY.Irc.org.uklauditorsresponsibilities. This description foms part of our
auditorfs report.

THE SIR BERNARD & LADY SCHREIER FOUNDATION
INDEPENDENT AUDITOR'S REPORT ICONTINUED)
TO THE TRUSTEES OF THE SIR BERNARD & LADY SCHREIER FOUNDATION
Other mattèrs
The comparative figures are unaLtdrted.
Use of our report
This report Is maije solety lo the Chanty's Trustees, as a body. in accordance part 4 of the Chantses
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the
Charlty's Trustees those matters we are reqvired to state to them in an auditors. Teport and for no other purpose.
To the ftjllest extent pemitted by law. we do not aecepl or assume responsibilrty lo anyone other than the
Chanty and the Charity's Trustees as a tK)dy. for our audrt wort. for this report, or for the opinion5 we have
formed.
Qi,k IKLI LLP
Blick Rothenberg Audit LLP
Chartered Accountants
Statutory Auditor
16 Great Queen Street
Covent Garden
WC2B SAH
Dated.. IX
Blick Rothenberg Audrt LLP 15 eligible for to act as an audf(or in tem)s of se¢tion 1212 of the Companie5 Act
2006.

THE SIR BERNARD & LADY SCHREIER FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrgstricted funds
2023
2022
Notos
Income from:
Legacies and donations
Investrnenl income
129.650.00
120.906.62
127.100.00
104,095.31
Totsl
250.556.62
231,195.31
Eypgnditure
Raising funds
Charitable activities
(11.452.99}
(150.343.861
110,679.181
1120.824.58}
Total
(161,796.851
(131,503.761
Net income
88,759.77
99.691.55
Net gains I Ilosses} on revaluab.on of investments
225,093.61
(403.540.041
Net movement in funds
313,653.38
(303.848.491
Fund balances brought foThArd
4.242,901.14
4,546.749.63
Fund balan¢es G•rri8d forward
4.556,7S4.52
4.242,901.14
The notes on pages 1110 18 fLYm part of these finanaal statemenls.
statement of rec¢gnised gains and losses
The statement of financial athv￿es includes all gains and losses recognised In the year.
Operating activities
All of the activitie5 of the Charity are ¢lassffied a5 Wrtbnuing.

THE SIR BERNARD & LADY SCHREIER FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Flxod assets
Investments
3.964 660.57
3,751.094.88
Cuffent as5•ts
Debtors
Cash at bank and in hand
25.930.00
584,175.25
27.100.00
488.206.26
610,105.25
515.306.26
Creditors: amounts falling due withln
one year
10
(18.011.301
123,500.001
Nel current assets
592.093.95
491,806.26
Total assets les$ current liabilities
4.556.754.52
4,242.901.14
Income funds
Unreslri¢led funds
11&12
4,556.754.52
4,242,901.14
4.556.754.52
4.242.901.14
The financial statements vRre approved by the TNstees M ..... . . .
ris Gibboi
Trustee
The notes on pages 11 to 18 I(￿ part of these finanual State￿nIS.
10-

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
Accountlng policies
Charlty infonnation
The Sir Bemard & Lady Schreier Foundab"on is a charitable incorporated organisation. Its principal place of
busines5 is CP HoLsse, Otter5pooI Way, Wattord WD25 8JJ.
1.1 A¢counting convèntion
The financial statements have been prepared in accordan¢e wrth the Charity's constitution dated 2 January
2020. the Charities Act 2011 and -Accounting and Reporting by Charities". Stalemenl of Recommended
Practtce applicable to chanbes prepanng their accounts bn accordance ￿th the Finanaal Reporbng
standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢b've 1 January 20191" The Ch￿ty
is a Public Benefft Enbty as defined by FRS 102.
The Charity has taken advanlage of the provisions in the SORP for charities apptying FRS 102 Update
Bulletsn 1 nol lo prepare a Statement of Cash Flows.
The finanaal statements have been prepared lo give a Irue and fair vievl and have departed from the
Charitie5 IAGGounls and reports) Regulatsons 2008 only to the extent to provide a Inje and fair view. The
departure has involved followng Accounting and Reporting by Chanties preparing their accounts in
accordance with the Finanoal Repo￿ng Standard applicable in the UK and Republic of Ireland IFRS 1021
issued on 16 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended
Practice effective from 1 April 2015 vthich ha5 wn¢e been wthdrawn.
The financial statements are prepared in sterling. ￿)ICh is the functional currency of the Charity.
1.2 Golng concern
The Charity Is not a functional Chanty hawng staff and overheads but makes grants and donations from its
investment income. At the ty.me of approwng the financial statements, the Trustee5 have a rea50nable
expectation that the Charity has adequate resource5 lo continue in operatsonal existence for the
foreseeable fijlure.
1.3 Charitable lunds
Unrestricted funds are available for use at Ihe discretion of the Trustee5 in furtherance of their tharitable
objectives.
1A Inci)me
Income is recognised vthen the Charty is entilled to rt after any perlormance condib.ons have been met. the
amounts can be measured reliably. and rt is probaue that income will be received.
Investrnent income is re¢ognised when receivable and the amount can be measured ￿lIablY. Thi$ is
normally when the investment managers are nottfied of the interest receivable by the bank5 or dividends
are dedared and notsficatson has been received of the ¢Jividend due.
Legacies and donations are recognised on receipt or otherwise If the Charty has been notrfied of an
impending distribution. the amount is kno￿, and receipt is expected. If the amount is not known, tk
legacy is treated as a contingent asset.
1.5 Expenditure
Expenditure is ￿¢09niSed once there is a legal or con5trucD've obligatson lo make payment to a third paty,
it is probable that setuement will be required and the amount ot the obligation can be measLJred reliably.
All expenditure is accounted for on an accruals basis. All expenses induding govemance costs are
allocated to applical￿e expendrture headings.
Irrecoverable VAT is charged against Ihe expendrture heading for ￿lch it was accwed.
11

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
Accounting polieies
{Continuedl
1.6 Fixed asset inY*stsnonts
Inve5trnents are a lorm of basic finaniial instnjment and are instially recogni5ed at their transadion value
and subsequently measured al their fair value as at the balance sheet date using the doyng quoted market
price. The Statement of Financial Acts"vilies Indudes the net gains and losse5 arising on disposals during
the year and fair value adjustments at Ihe year end.
1.7 Financial instruments
Financial instruments are classified and accounted for. according lo the Substan￿ of the contracttlal
arrangement. as either financial assets. financlal Iiabililies or equity In5tTumenls. An equity instrument Is
any contract that e￿denCeS a ￿SIdUal interest In the assets of the Charity after deducts'ng all of ils liabilities.
1.8 Taxation
The Sir Bernard & Lady Schreier Foundation is a regislered Charity and is not liable lo income or c3Pltal
gains taxes on its present activrties lo the exlenl that the income and gains are applied foi charitable
purposes.
1.9 D&btors
Debtors are recognised al the settlement amount dLbe.
1.10 Liabilities
Liabilities are recognised vkneie the Chafity has a Present obligabon resulbng from a past event that wll
probably re5uII in the transfer of funds to a third party and the amount due to setue the ob11gatsc￿ can be
measured or Èstimated reliabty. Liabilitses a￿ nomially recogni5ed al their settlement amount.
Lega¢le$ and donations
Unrnstrieted Unreslricled
funds
funds
2023
2022
Donations and g
Gift aid
103.720.00
25,930.00
100,000.00
27.100.00
129,650.00
127,100.00
All (JOr*ati￿5 and grfts in both periods vftre received under grft aid from Trustees.
12-

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
Inv•stment Income
Unrestricted Unre5tricled
funds
fund5
2023
2022
Income from listed investrnenls
8ank interest received
117.770 60 103,719.02
3,136.02
376.29
120,906.62 104.095.31
Raising funds
Unrestricted Unrestricted
funds
funds
2023
2022
Inveslrnenl management fees
11.452.99 10,679.18
11.452.99 10,679.18
Charitable activitigs
Analysis of charitabl• activitses
Total
2023
Total
2022
Grants
Govemance costs
15.1}
15.2)
141,457.00
8,886.86
109,000.00
11,824.58
150.343.86
120.824.58
13-

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
Charitable 8etlvltles
(Continued)
S.1 Grants payable
Total
2023
Total
2022
Grants during the year comprise".
3H Fund
Acacia
ADAPT
Ambulance Staff Charity
Asthma and Allergy Foundation
Arts & Minds
Back on Track Manchester
Beder
Been There
Bels Brucha
BLESMA
Blue Sky Trust
Bndewell Gardens
Cambfidge Acom Project
Camp Mohawk
Cancer Campaign in Suffolk
Care for Carers
Cherry Trees
Children Ahead
Clarity Counselling
CMA Communty Nursery
Crohn'5 and co1￿"S Relief
Cruse BTeavement Care
Daises Kids Club
Dalai Lama cent￿ for Compa5*0n
The Empowemient Group
Exodus Pfoject
Ezer Leyoldos Ltd
Freedom Project Wesl Cumbria Domestic Viclence Support
Future Yo¥Jth Zone
Grea￿00￿ Charity
Gnef Encounter
Gr¢ve Cottage
Grow for Life
Heart and Minds
Hidden Treasure
H.O.M.E at School
Homestart
Home to Work Ltd
Into the Light
151ington Mind
JeTrMsh Action for Mental Heallh
Jewish Volunteering NelN4ork
2,000.00
1,500.00
2.500 00
2.500.00
1,200.00
2,000.00
1,000.00
3,000.00
2.000.00
2.000.00
2.000.00
2.000 00
1,000.00
2,000.00
1.000.00
3,000.00
2.000.00
3,000.00
1,000.00
2,000.00
2.000.00
3,000 00
2,000.00
1,000.00
2.000.00
2.500.00
1.500.00
2,000.00
3,000.00
1,600.00
3,000.00
2,000.00
1,500.00
1,000.00
2,000.00
1,000.00
2,000.00
2,500.00
3,000.00
1.000.00
1.500.00
2.000.00
2.000.00
2,000.00
2,500.00
2.000.00
Balance carried forward
50,300.00
40,000.00
14-

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
Charitsblo activities
(Continued)
5.1 Grants payable l¢ontinuedl
Total
2023
Totsl
2022
Balance brought forward
Kids N Action
Kids Space
Kol Bonaich
The Lateef Project
Lennox Children Cancer Fund
Linda TreM￿e Foundalion
Look Good Feel Better
Make Them Smile
Martsneau Gafden5
MedEquip4Kids
Mind Over Cancer
Moira Anderson Foundatson
Mofnentum Childrens Chanty
MS Therapy Centre
MYMY
No 5 Young people
North London Hill Club
Oakleaf
The Octopus Foundatson
Open Door Charity
Overcomin9 Multiple Sdews
Pathways to Health
Pleasance
Poet51N
Power2
Project Lity
RAW Workshop
Reaching
Reael
Resolve Now
Road Victsms Trust
Rocking Horse
Rosehill Youth Theatre
Rubicon Cares
SAFA
Safety Net
SAIL
SANE
Sapphire Community Group
Scottish Mountain Rescue
Sew Injury Support
Shawmind
50.300.00
2,000.00
2.500.00
2,000.00
2.000.00
40,000.00
1.000.00
3,000.00
1,000.00
2.000.00
1.000.00
3.000.00
2,000.00
2,500.00
3.000.00
1.500.00
3.000.00
2.000.00
2,000.00
2,000.00
2,000.00
2,000.00
3,000.00
1,000.00
2.500.00
2.500.00
2.000.00
3.000.00
3,000.00
2,000.00
2.500.00
3.159.00
2,500.00
2,000.00
1,000.00
1,000.00
3,000.00
3.000.00
2.000.00
3.000.00
2.500.00
2,000.00
2,000.00
2,000.00
2,000.00
Balance ￿rried forward
103.459.00
81.000.00
15-

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO)
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
Charitsble actlvlties
(Continued)
Balance brought fow4rd
Snowdon Trust
Soundcastle Ltd
Soundwell
Spark In the Da
Sparks of Hope
Sportability
Spread a Smile
Slep by Step
Stonebndge City Farm
Success Club
Sunbeams London Ltd
Switch 180
Teapot Tnjst
Teen EnteTpnse
Think Different
rilehouse Counselling
rime lo Change Wesl Cumbna
Tough Enough to Care
Up N Away
Via Wings
Washington Mind
Westtvood 2015
Whirfow Hall Farni
Winston'5 Wish
The Wren Proie¢t
You Raise Me Up
Youth on the Move
103.459.00
3,000.00
2,000.00
3,000.00
1.000.00
1,000.00
1,000.00
81.000.00
2,000.00
2.500.00
2,000.00
2,498.00
2,000.00
2,500.00
2,500.00
1,500.00
2,500.00
5.000.00
2,000.00
2,000.00
2,000.00
2,000.00
3.000.00
3,000.00
2,000.00
2,000.00
3.000.00
2.000.00
2,000.00
2.000.00
3.000.00
141,457.00
109,000.00
5.2 Go¥emance costs
The breakdown of support costs and how these are allocated btheen Govemance and Charitable
Ath"Mties is Sho￿ in the table below.
Cost type
Governance
costs
2023
Charitable
activities
2023
Total
Total
2023
2022
Accountan¢y fee$
Audit fees
Independent exrnainabon- pnor year
Independent Examiners fees
Admin fees
3.660.00
4.980 OD
60.00
3.660.00
4.980.00
60.00
8.760.00
1600.001
3,540.00
124.58
186.86
186.86
8,886.86
8.886.86
11,824.58
16-

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
Trustees and related party transactions
During the year the Chafty received donations under grft aid totslling £103,720 12022. £100.0001 excluding
tsx recoverable from a Twstee. None of the other Tnjstees received any remunerats'on of reimbursement of
expenses in either this year or the previous year.
Employe8S
There were no employees during the year.
Fixed as$¢t inveslments
Listed
investments
2023
Cash
2023
Totsl
2023
Total
2022
Market Value at l January 2023
Additions
Disposals
Cash movements
Gainlllos51 on revaluation
3.751,094.88
7,376.73 3,758.471.61 3,372.690.83
799.064.29
(11,527.921 19.527.961
74.93
1215.51)
225,093.61 (403,540.041
(11.527.92)
74.93
225,093.61
Market Valuè at 31 Decembei 2023
3,964.660.57
7.451.66 3.972.112.23 3,758,471.61
Historical cost of invgstments at 310ocemb9r 2023
3.757.191.59 3.768,570.13
Investments held are analy5ed as follows:
UK Overseas
2023
2023
Totsl
2023
Total
2022
Mutti asset fund
3.964,660.57
3,964,660.57 3.751,094.88
2022
3,751.094.88
3,751,094.88
Investments comprising 5% or of the total market value of investrnents are as follows..
Bardays Charity Fund- R distribution shares
100.00
Debtors.. amounts talllng withln one year
2023
2022
Gfft aid reelaimable
25.930.00
27.100.00
17-

THE SIR BERNARD & LADY SCHREIER FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023
10 Creditor5: amounts falling du• ￿￿thIn one year
2023
2022
81ick Rothenberg Audit LLP- Audrt
Blick Rothenberg Limited - Accounts
Blick Rolhenberg Limited- Independent Examsnation
Uncashed cheques
Admin fee5
4.980.00
9,900.00
9,960.00
3,S40.00
10.000.00
3.000.00
131.30
18.011.30
23,500.00
11 Movement in fund5
Opening
Incoming Resources Net gains I
funds rn$OU￿$s
exwnd•d Ilossesl on
investments
2023
Closing
funds
2023
2023
2023
2023
Unrestricted fijnds
4.142.901.14 250,556.62 {161.796.851 225.093.61 4.556.7S4.52
2022
2022
2022
2022
2022
Unrestricted funds
4.$46.749.63 231,195.31 1131,503.7611403,540.0414.242,901.14
12 Analysls of nel assets b¢trnen funds
Unrestricted Unrestricted
lunds
funds
2023
2022
Fund balances at 31 December 2023 are represented by-.
Investments
Current assets
Current liabilitses
3.964,660.57 3,7ot1,094.88
610.105.25 515.306.26
118.011 301 123.500.001
4.556,754.S2 4.242.901.14
18-