Charity number= 11882 57
The Charles Russell
Speechlys Foundation
Unaudited report and financial statements
For the year ended 30 April 2023
SA YER
VINCENT

The Charles Russell Speechlvs Foundatlon
Contents
For the year ended 30 Aprll 2023
Reference and administrative information
Trustees, annual report
Independent examiner's report
Statement of financial activities (incorporating an income and expenditure account)
Balance sheet
Notes to the financial statements

The Charles Russell Speechtys Foundatlon
Reference and admlnlstratlve Inforniarlon
For the year ended 30 Aprll 2023
Charlty number
Country of reglstratlon
1188257
England & Wales
Reglstered offlce
and operatlonal
address
5 Fleet Place
London
EC4M 7RD
Twstees
Trustees who served during the year and up to the date of thi5 report were
a5 follows-
Laris5a Joy
Elaine Driscoll
Rupa Lakha
Katy Crothall
Christopher Page
Bartholomew Peerless
Andrew Cameron
Rose Carey
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
MEI 9 4TA
Independent
Examlner
Judith Miller
Sayer Vincent LLP
Chartered Accountants and Statutory Auditor
Invicta House
108-114 Golden Lane
LONDON
ECIY OTL

The Charles Russell Speechlys Foundatlon
Trustees, annual report
For the year ended 30 Aprll 2023
The trustees present their unaudited report and the audlted financial statements for the year
ended 30 April 2023.
Reference and administrative information set out on page I forms part of this report. The financial
statements comply with current statutory requlrements. the charitrfs trust deed and ihe Statement
of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable to charities
preparing their accounts in accordance wlth FRS 102.
Objectives and activities
Purposes and aims
The objects of the Charity are the advancement of such charitable objects under the law of
England and Wales as the trustees see fit. The Charity has furthered it5 charitable objects during
the year by making grants to a number of other registered charities in accordance with its grant-
making policy. To provide focus and a strategic approach to achieving its charitable objects, the
trustees make grants in several ways..
The charitable objects that are to be furthered under this tier can be grouped under the general
heading of Justice.
More Significant projects and partnerships are identified by Truscees across a range of theme5
including promoting the sound administration of justice. improving educational opportunitie5 for
the disadvantaged. promoting human rights. promoting social inclusion.
Trustees also make smaller grants to support a range of charitable organisations (exclusively UK
registered charities) across the width of communiry need. To facilitate these the Charity has made
granrs to the Gloucestershire Community Foundation and the Community Foundation for Surrey.
These Community Foundations liaise with committees established by the trustees and made up of
individuals who are partners or employees in the Cheltenham office or the Guildford office of
Charles Russell Speechlys LLP. a5 the case may be.
The trustees have referred to the guidance contained in the Charity Commis5ion'5 general
guidance on public benefit when reviewing the Charity's aims and objectives and in planning its
future activities. In particular, the trustees consider how planned activities will contribute to the
aims and objective5 that have been set.
Achievements and performance
The Trustees made grarbts totalling £284,5 21 durlng the year In furtherance of the Charity's
charitable objects. Details are set out in note 4 to the accounts.
During the financial year, the Charity has continued its relationships with Khulisa, SafeLives. Z2K,
Emmaus and Home-start UK. In each case Trustees have paired with each other to lead the
relationship with the grantee charities and to identify how grants are being spent and

The Charles Russell Speechlys Foundatlon
Tiustee5' annual report
For the year ended 30 Aprll 2023
opportunities for further cash and in-kind support, prlncipally from the staff and partners of
Charles Russell Speechlys LLP.
The Charity has also continued its relationships with the Gloucestershire Community Foundation
and the Community Foundation for Surrey.
The Foundation also made grants totalling £20,000 to the Disasrers Emergency Committee for
appeals for the floods in Pakistan and the earthquake in Syria.
During the financial year, the Trustees also made grants to several new organisations, Plymouth
Citizen's Advice Service. the City Solicitors Education Trust and rhe Greater Manchester
Immlgration Aid Vnit.
Financial review
The Charity held unrestricted funds of £324,634 at the end of the financial year.
The primary funding source for the Charity is donations from Charles Ru55ell Speechlys LLP. The
Charlty also recelves fund5 from fundraising undertaken by Staff of charles Russell Speechlys LLP.
The trustees are consldering the development of other funding sources for the future.
Principal risks and uncertainties
The trustees keep under review the major operational and strategic risks the Charity faces and
are satlsfied that systems have been established to mlnimise the p055ible effects of such risks
on the Charity.
Reserves policy and going concern
The trustees intend to keep sufficient liquid fund5 in reserve to enable the Charity to meet it5
ongolng grant commitment5 2nd to respond quickly to any applications for grant5 that they
consider It to be appropriate to support, a5 well a5 to meet ongoing expenses connected with the
administration of the Charity. Because no commitments are entered into which are not fully
covered by known incoming resources the trustees do not target a particular level of reserve.
Plans for the future
The Charity intends to continue to make grants in the manner described above in furtherance of
its charitable purp05e5.
Structure, governance and management
The Charity is a charitable incorporated organisation ICIOI registered as a charity on 28 February
2020 in England and Wales.

The Charles Russell Speechtys Foundatlon
Trustees, annual report
For the year ended 30 Aprll 2023
The Charity is governed by a Constitution dated 28 February 2020.
The Constitution provldes that there shall be lal not less than two and not more than five trustees
appointed by the trustees and Ibl not less than two and not more ihan five trustees nominated bv
Charles Russell Speechlys LLP, one of whom shall be the senior partner for the time being of
Charles Russell Speechlys LLP.
When a new trustee is appointed, they are provided with a copy of the key documents and
an introduction to the work of the Charity. They are provided with the information they
need to fulfil their role as a trustee.
Apart from the firsr trustees, whose terms of office are set out in the Constitution, trustees are
appointed for a term of three years. The only exception is the senior parrner of Charles Russell
Speechlys LLP, who will hold office as a trustee until they cease to be senior partner.
The trustees are responsible for the overall management of the Charity. holding trustees, meetings
on at least a quarterly basis. The Charity's Constitution allow5 the trustees to meet and conduct
meetings virtually, which the trustee5 have done this year in line with Government restrictions and
recommendations.
All trustees give their time voluntarily and receive no benefits from the Charity.
Statement of responsibilities of the trustees
Law appllcable to charitles in England and Wales requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the charity's financial activities
during the year and of its financial position at the end of the year. In preparing financial
statements giving a true and fair view. the trustees should follow best Pfactice and..
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
Srate whether applicable UK Accounting Standards and statements of recommended practice
have been followed, subject to any material departures disclosed and explained in the
financial statements
Prepare the financial statements on the going concern basis unless it Is inappropriate to
presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial posltion of the charity and enable rhem to ensure that the

The Charles Russell Speechtys Foundatlon
Trustees. annual report
For the year ended 30 Aprll 2023
financial statements comply with the Charities Act 2011. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detectlon of fraud and other irregularities.
Legislation In the United Kingdorn governing the preparation and di55eminatlon of financlal
statements may differ from legislation in other jurisdictions.
The trustees, arbnual report has been approved by the trustees on 7th November 2023and signed
on their behalf by
Christopher Pa9e
Chairman

Independont examlner's report
To the mernber5 of
The Charles Russell Speechtys Foundatlon
I report to the trustees on my examination of the accounts of The Charles Ru55ell Speechly5
Foundatlon for the year ended 30 Aprll 2023.
This report is made solely to the trustees as a body, accordance with the Charities Act 2011. My
examination has been undertaken so that I might state to the trustees those matters l am required
to state to them In an Independent examlner's report and for no other PLtrpose. To the fullest
extent permitted by law, I do not accept or assume responsibility to anyone other than the charitv
and the trustees as a body. for my examlnation, for this report. or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of the charity you are responsible for the preparation of the accounts In
accordance with the requirements of the Charities Act 2011 I'the Act'l.
I report in respect of my examination of the charity's accounts carried out under section 14 5 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions
given by the Charity Commission under section 1451511bl of the 201 l Act.
Independent examiner's Statement
Since the charity's gross income exceeded £2 50,000 your examlner must be a member of a body
listed in section 145 of the 2011 Acr. I confirm thar l am qualified to undertake the examination
because l am a member of the Instirute of Chartered Accounts in England and Wales, which is one
of the listed bodies.
I have complered my examination. I confirm that no material matters have come to my attention in
connection with the exarnination giving me cause to believe that in any material respect..
Accounting records were noc kepc in respect of the chartty as requlred by section 130 of the
Act., or
The accounts do not accord with those records.. or
The accounrs do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charltles {Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair view, which is not a matter
consldered as part of an Independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn In thls report in order to enable a proper understandlng of the
accounts to be reached.
Signed-.
Name.. Judith Miller
Relevant profe55ionaS qualiflcation or membershlp of professlonal bodles lif any).. FCA
Address.. Sayer Vincent LLP, Invicta House, 108-114 Golden Lane, London, ECI Y OTL
Date.. 18 December 2023

The Charles Russell Speechlys Foundatlon
Statement of flnanclal actlvltles (incorporating an income and expenditure account)
For the
ear ended 30 A rll 2023
2023
Total
2022
Total
Note
Income from..
Donations
Fundraising
Investments
493.057
10,298
363
387,190
Total Income
503,718
387,190
Expendlture on:
Charitable activities
300,080
358.671
Total expendlture
300,080
358,671
Net movement In funds
203,638
28.519
Reconclllatlon of funds:
Total funds brought forward
Total funds carrled forward
120,996
92.477
324,634
120.996
All of the above results are derived from continuing activities. There were no other
recognlsed gains or losses other than those stated above.
All income and expenditure is unrestricted.

The Charles Russell Speechlys Foundatlon
Balance sheet
Charity No 1188257
AsAt
ril 2023
2023
2022
Note
Current asset5:
Debtors - accrLJed income
80
Cash at bank and in hand
337,359
127,916
337,439
127.916
Llabilitles:
Creditors.. amounts falling due within one year
(12,806)
16,9201
Net current assets
324.634
120,996
Total net assets
324,634
120,996
The funds of the charlty:
Unrestricted income funds..
General funds
324.634
120,996
Total unrestricted funds
324.634
120.996
Total charity funds
324,634
120,996
Approved bv the trusrees on 7th November 202 3 and signed on their behalf by
Christopher Page
Trustee
Andrew Cameron
Trustee

The Charles Russell Speechlys Foundatlon
Notes to the financlal statements
For the
ar ended 30 A rll 2023
l Accounting pollcles
a) Statutory Inforniatlon
The Charles Russell Speechlys Foundation is a Charitable Incorporated Organisation registered
with the Charity Commission for England and Wales.
The registered office addres5 15 5 Fleet Place, London, EC4M 7RD.
b) Basls of preparatlon
The financial Statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charitles preparing thelr accounts
in accordance with the Financial Reporting Standard applicable in the UK and Repu blic of
Ireland IFRS 1021- (Charities 50RP FR5 1021, The Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair. view and have departed
from the Charities (Accounts and Reports) RegLtlations 2008 only to the extent required to
provide a 'true and fair view, This departure has involved following Accounting and Reporting
by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republlc of Ireland IFRS 1021 rather than the Accounting and
Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which
has Since been withdrawn.
Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy or note.
In applying the financial reporting framework. the trustees have made a number of subjective
judgements, for example in respect of slgnificant accounring estimates. Estimates and
judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under ihe
circumstances. The nature of the estimation means the actual outcome5 could differ from
those estimates. Any significant estimates and judgements affecting these financial statements
are detailed within the relevant accounting policy below.
c) Publlc beneflt entlty
The charity meets the definition of a public benefit entity under FRS 102.
d) Golng concern
The trustees conslder that there are no material uncertaintles about the charltvs ablllty to
continue as a going concern.
The trustees do not consider that there are any sources of estlmatlon uncertainty at the
reporting date that have a Significant risk of causing a material adjustment to the carrying
amounts of assers and liabiliries within rhe nexr reporting period.

The Charle5 Russell Speechlys Foundatlon
Notes to the flnanclal statements
For the
ar ended 30
rll 2023
l Accounting policies (continued)
e) Income
Income is recognised when the charity has entitlement to the funds, any performance
conditions attached ro the income have been met, it is probable rhat rhe Income will be
received and that the amount can be measured reliably.
Income from government and orher grants, whether 'capital' grants or 'revenue' grants, Is
recognised when the charity has entitlement to the funds. any performance conditions
attached to the grants have been met, it is probable that the income will be received and the
amount can be measured reliably and 15 not deferred.
Income received in advance of the provision of a specified seNice is deferred until the criteria
for income recognition are met.
Fund accountlng
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure
which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources received or generated for the
charitable purposes.
Designated fund5 are unrestricted funds earmarked by the trustees for particular purposes.
g) Expendlture and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment tc
a third party, it is probable that settlement will be required and the amount of the obligarion
can be measured reliably. Expenditure is classified under the following activity headings..
Expenditure on charitable activities includes the costs of deliverin9 seivices undertaken to
further the purposes of the charity and their associated 5LlPPOrt COSt5
Other expenditure represents those items not falling into any other heading
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred.
10

The Charles Russell Speechlys Foundatlon
Notes to the flnanclal Statements
For the
ar ended 30 A rll 2023
l Accountlng policies (continued)
h) Grants payable
Grants payable are made to thlrd parties in furtherance of the charity's objects. Single or multi-
year grants are accounted for when either the recipient has a reasonable expecEation that they
will reieive a grant and the trustees have agreed to pay the grant without condirion, or the
recipient has a reasonable expectation that they will receive a grant and that any condition
attaching to the grant is outside of the control of the charity.
Provisions for grant5 are made when the intention to make a grant has been communicated to
the recipient but there is uncertainty about either the timing of the grant or the amount tsf
grant payable.
l) Allocation of support costs
Resources expended are allocared to the partlcular acflvlty where the cosr relates direcrly to
rhat activity. However, the cost of overall direction and administration of each activity,
comprising the salary and overhead costs of the central function, is apportioned on the
following basi5 which are an estimate, based on Staff time, of the amount attributable to each
activity.
Governance costs are the costs associated with the governance arrangements of the charity
These costs are associated with constitutional and statutory requirements and include an)
costs associated with the strategic management of the chariry's activiries.
J) Debtors
Trade and other debtors are retogni5ed at the settlement amount due after any trade dlscount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
k) Cash at bank and In hand
Cash at bank and cash in hand includes ta5h and short term highly liquid investments with a
short maturity of three months or less from the date of acquSsition or opening of the deposit
or similar account.
1> Credltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obllgation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowin9 for any trade
discounts due.
m) Flnanclal Instruments
The charity only has financial a55et5 and financial liabilities of a kind that qualify as basic
financial instruments. Basic flnancial instrL5ments are initially recognlsed at transaction value
and subsequently measured at their settlement value.
11

The Charles Russell Speechlys Foundatlon
Notes to the financlal statements
For the
ar ended
OA r112
2 Income from donations
2023
Toral
2022
Total
Corpora¢e Donations from Charles Russell Speechlys
Other Gifts
492,887
170
374,805
12,385
All income is unresrricted.
493.057
387,190
3 Analysls of expendlture (current year)
Charitable
Activities
Governance
costs
Support
C05tS
2023
Total
2022
Total
Grant making (note 41
Independent
examination fees
284,521
284,521
351,700
3,960
3,960
11,600
3,600
3,371
Operating Expenditure
11.600
284,521
3,960
11.600
300.080
358,671
Support costs
11,600
111,6001
Governance costs
3,960
13,9601
Total expendliure 2023
300.080
300,080
Total expenditure 2022
358,671
358,671
Analysls of expenditure (prior year)
Charitable Governance
Activities
costs
Support
costs
2022
Grant making (note 41
Independent
examination fees
351,700
351.700
3,600
3,600
3,371
Operating Expenditure
3,371
351,700
3,600
3,371
358,671
Support costs
Governance costs
3.371
13,3711
3.600
13.6001
Total expendlture 2022
358,671
358,671
The independent examination fee5 in both periods are due within I year and include VAT.
12

The Charles Russell Speechlys Foundatlon
Notes to the flnanclal statements
For the
ar ended 30 A rll 2023
Giant maklng (current year)
2023
2022
Grants to Instltutlons
Z2k
Emmaus UK
Home Start UK
Khulisa
SafeLives
Gloucestershire Community Foundation
Su rrey Community Foundation
Plymouth Citizen5 Advice
Ciry Solicitors Education
ethnal Green LAC
Pakistan Flood Appeal
Syria Earthquake Appeal
Food Bank Ald
Greater Manchester Immigration Aid Unit
Social Mobility Bu51ne5s Partnership
London Legal Support Trust
Blackfriars Settlement
Inspire New Hackney Business Trust
Social Business Trust
British Red Cross ukraine Appeal
Z2K Disability Appeals
Solicitors Benevolent Fund
The Churn
UNICEF Afghanistan Appeal
38,000
30,500
30,000
30,000
30,000
20,000
20,000
20,000
11,000
10,000
10,000
10,000
5,321
5,000
5,000
4,000
3,500
2,200
30,000
30.000
30,000
30,000
30.000
20.000
20.000
i 0,000
5,000
5.000
4,000
3,500
2,200
i 00,000
io,000
6,000
5,000
i .000
i 0,000
Tolal
284.521
351,700
Analysls of staff costs. trustee remuneratlon and expenses, and the cost of key management
personnel
There are no employees of the Foundation.
The total employee benefits (including pension contributions and employer's natlonal insurance)
of the key management personnel were £nil.
The charity trustees were neither paid nor received any other benefits from employment with the
charity in the curreni year or the prior year. No charity trustee received payment for professional
or other Se￿i(eS supplied to the charity in the current year or prior year.
Trustees, expenses represents the payment or reimbursement of travel and subslstence costs
totalling £nil 12022 £nill.
13

The Charles Russell Speechly5 Foundatlon
Notes to the ftnanclal statements
For the
ar ended 30 A rll 2023
Related party transactlons
During the year, there were no payment5 to related parties 12022 £100,000 was paid to Social
Business Trust. Larissa Joy, a trustee of the foundation. is also a trustee of Social Business Trust.
She took no part in the deision ro award these funds).
Aggregate donations frorn related parties were £nil12022 £nil)
Taxatlon
The charity 15 exempt from corporation tax as all its income is charitable and is applied for
charitable purposes.
Credltors.. amounts falllng due wlthln one year
2023
2022
Other creditors
12.806
6,920
12,806
6.920
14