Charity number. 118825 7 The Charles Russell Speechlys Foundation Unaudited report and financial statements For the year ended 30 April 2024 SAYER VINCENT
The Charles Russell Speechlys Foundatlon Contents For the year ended 30 Aprll 2024 Reference and adminlstrative inf ormation Trustees, annual repo rt Independent examiner's report Statement of financial activities lincorporatlng an i ncome and expenditure account) Balance sh eet Note5 to the financial statements
The Charles Russell Speechlys Foundatlon Reference and admlnlstratlve Inf ormatlon For the year ended 30 Aprll 2024 Charlty number Country of reg15tratlon 1188257 England & Wales Reglstered ¢fflce and operational addre5$ S Fleet Place London EC4M 7RD Trustees Trustees who served during the year and up to the date of this report were as follows- Larissa 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 Examiner Judith Miller Sayer Vincent LLP Chartered Accountant5 and Statutory Auditor Invicta House IID Cinlden Lane LONDON ECIY OTG
The Charles Russell Speethlys Fou ndation Trustees. annual report For the year ended 30 Aprll 2024 The trustees present their unaudited repon and the audited financial statements for tho year ended 30 April 2024. Reference and administrative information set out on page I forms part of this report. The financial statements comply with current statutory requirements, the charity's trust deed and the Statement of Recommended Practice Accounting and Reporting by Charities.. SORP applicable to charitie5 preparlng their accounts in accordance with 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- maki ng policy. To provide focus and a strategic approach to achieving it5 charitable objects, the trustees make grants in several ways.. The charitable objects that are to be furthered can be grouped under the general heading of Justice. More significant projects and partnership5 are identified by Trusiees across a range of themes including prgmoting the sound administration of justice; Improving educatSonal opportunities for the disadvantaged., promoiing human rights,. promoting social inclusion. Trustee5 also make smaller grants to support a range of charitable organisations across the width of community need. To facilitate these the Charity has made grants ro the Gloucesiershire Community Foundation and the Community Foundation for Suirey. 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, as the case may be. The trustees have referred to the guidance contained in the Charity Commission's 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 10 the aims and objective5 that have been set. Achievements and performance The Trustees made grants toralling £452,462 during the year in funherance of the Charity'5 charitable objects. Details a set out in note 4 10 the accounts. During the financial year, the Chariry has continued irs relationships with Khulisa, SafeLives, Z2K, Emmaus and Home-start UK, and ir has Initiated a relationship with Buglife. In each case two Trustees have paired with each other to lead the relationship with the grantee charities and to
The Charles Russell Speechlys Foundatlon Trustees. annual report For the year ended 30 Aprll 2024 identify how grants are being spent and opportunities for further cash and in-kind support, principally from the staff and partners of Charles Russell Speechlys LLP. The Charity has also continued its relationships with the Gloucestershire CommLtnity Foundatlon and the Community Foundation for Surrey. The Foundation also made grants totalling £ l 0,000 to the Brit15h Red Cross for appeals for the earthquake in Morocco and the floods in Syria. A grant of £20,000 was made to UNICEF. During the financial year, the Tiustee5 also made grants to two other new organisation5. European Lawyers in Le5vos and Fat Macy's. Financial review The Charity held unresrricted funds of £379,064 at the end of the flnancial year. The primary fundi ng source for the Charity is donations from Charles Russell Speechly5 LLP. The Charity also receives funds from fundraising undertaken by staff of Charles Russell Speechlys LLP. The trustees are considering the development of other fundlng sources for the future. Principal risks and uncertainties The trustees keep under review the major operational and strategic risks the Charity faces and are satisfied that systems have been established io minimise the possible effects of such risks on the Charity. Reserves policy and going concern The trustee5 intend to keep sufficient liquid funds in reseNe to enable the Charity to meet its ongoing grant commitments and to respond quickly to any application5 for grants that they consider it to be appropriate to support, as well as to meet ongoing expenses connected with the administration of the Charity. Because no commitments are entered into which are not fullv covered by known incoming resources the trustees do not target a particular level of reseNe. Plans for the future The Charity intends to continue to make grants in the manner described above in furtherance of Its charitable purposes. Structure, governance and management The Charity is a charltable incorporated organisation (CIO) registered as a charity on 28 February 2020 in England and Wales.
The Charles Russell Speechlys Fou ndatlon Trustees. annual report For the year ended 30 Aprll 2024 The Charity is governed by a Constitution dated 28 February 2020. The Constitution provide5 that there shall be la) not less than two and not more than five rrustees appointed by the trustees and Ibl not less than two and not more than five trustees nominated by 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 15 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 a5 a trustee. Apart from the first trustee5, whose term5 of office are set out in the Constitution, trustee5 a appointed for a term of three years. The only exception is the senior partner of Charles Russell Speechlys LLP, who will hold office as a trustee until they cease to be senior partner. The trustee5 are regponsible for the overall management of the Chartty, holding trustees, meetings on at least a quarterly basis. The Charity's Constitution allow5 the trustees to meet and conduct meetings virtually. which the trustees have done this year. All trustees give their time voluntarily and receive no benefits from the Charity. Statement of responsibilities of the trustees Law applicable to charities 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 practice and.. Select suitable accounting policies and then apply them consistently ObseNe the methods and principles in the Charities SORP Make jud9ements and estimate5 that are reasonable and prudent State whether applicable UK Accounting Standards and statements of recommended practlce have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial sratements on rhe going concern basis unless It Ss snappropate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that dist105e wlth reasonable atcuracy at any time the financial position of the chariiy and enable them to ensure that the linancial statements comply with the Charities Act 2011. They are also responsible for
The Charles Russell Speechlys Fouhdatlon Trustees. annual Mport For th• y•ar ended 30 Aprll 2024 safeguarding the assets of the chariiy and hence for taklng reasonable steps for the prevention and detection of fraud and other Irre9ularltles. Legislatlon In thÈ Unlted Klngdom goveming the preparatlon and dlssemination of financial staternents may dbffer from leglslatlon In oiher Jurlsdlctlons. The rrustee5' annual report has been approved by the trustees on l Oth September 2024 and signed on their behalf by Chrlstopher Page ChaSrman
Independent examlner's report To the members of The Charles Russel I Speechlys Foundatlon I report to the trustees on my examination of the accounts of The Charles Russell Speechlys Foundation for the year ended 30 April 2024. Thi5 report 15 made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might srate to the trustees those matters l am required to State to them in an independent examiner's report and for no other purpose. To ihe fullest extent permitted by law, I do not accept or assume responsibility to anyone other ihan the charity and the trustees as a body, for my examinatlon, 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 {'the Att'l. I reFX)rt in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 1451511b} of the 201 l Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accounts In England and Wales. which is one of the listed bodies. I have completed my examination. I confirm that no materlal matters have come to my attentlon in connection with the examination giving me cause to believe that in any material respect.. Accounting records were not kept in respect of the charity as required by section 130 of the Act., or The accounts do not accord with those records., or The accounts do not comply with the applicable requlrements concerning the form and content of accounts set out in the Chartties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and falr view, which is not a matter considered as part of an independent examinatlon. I have no concerns and have come across no other matter5 in connectlon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Name.. ludith Miller Relevant professional qualification or membership of professional bodies lif anyl.. FCA Address-. Sayer Vincent LLP, Invicta House, 110 Golden lane London, ECIY OIG Date.. 22 January 2025
The Charles Russell Speechlys Foundatlon Statement of flnanclal actlvltles lincorporating an income and expenditure account) For the ar ended 30 A ril 2024 2024 Total 2023 Total Note Income from.. Donations Fundraising Investments 533,746 13,272 869 493,057 10,298 363 Total Income 547,887 503.718 Expendlture on: Charitable activities 493,457 300,080 Total expendlture 493,457 300,080 Net movement In funds 54,430 203,638 Reconcillatlon of funds: Total funds brought forward 324,634 120,996 Total funds carrled forward 379,064 324,634 All of the above resulrs are derived from continuing activities. There were no other recognised gains or1055es other than those stated above. All income and expendlture Is unrestrlcted.
The Charles Russ•ll Speethlys Foundatlon Balance sheet Chariiy No l 188257 AsAt 24 2024 2023 Note Current assets- Debtors - accrued income 80 Cash at bank and in hand 400.803 337,359 400,803 337.439 Llabllltles: Credltors.. amounts falling due within one year (21,739) 112,8061 Net current as5¢t5 379,064 324,634 Total net assets 379.064 324.634 The funds of the chartty: Unrestricttd income funds= General funds 379.064 324.634 Total unre5trlcted fund5 379.064 324.634 Total charlty funds 379,064 324,634 Approved by the trustees on 1st October 2024 and signed oth their beha]f by Christopher Page Trustee Andrew Cameron
The Charles Russell Speechlys Foundatlon Notes to the flnanclal statements For the ar ended 30 A rll 2024 T Accountlng pollcie5 al Statutory Informatlon The Charles Russell Speechlys Foundation is a Charitable Incorporated Organlsation registered with the Charity Commission for England and Wales. The registered office address is 5 Fleet Place. London, EC4M 7RD. b) Basls of preparatlon The financial Statements have been prepared in accordance with Accounting and Reportlng 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 IFRS 1021- (Charities SORP FRS 1021, The Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011 The financial statements have been prepared to give a 'true and fair. view and have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. Thi5 departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 rather than the Accounting and Ret)orting by Charities.. Statement of Recommended Practlce effective from l April 2005 which has since been withdrawn. Assets and liabilities are initially recognised at historical cost or transaction value ullless otherwise stated in the relevant accounting policy or note. In applying the financial reportlng framework, the trustees have made a number of sublectlve judgement5, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factor5. including expectations of future events that are believed to be reasonable under rhe circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgement5 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. dl Golng concern The trustees conslder that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causin9 a material adjustment to the carrying amounts of assets and liabillties within the next reporting period.
The Charles Russell Speéchlys Foundatlon Note5 to the flnanclal statements For the ear ended 30 A rll 2024 l Accouniing policies (contlnued) el Income Income 15 recogni5ed when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be recelved and that the amount can be measured reliably. Income from government and other 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 is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met. f) Fund accountlng Restricted funds are to be used for specific purpose5 as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricied funds are donation5 and other incomln9 resources received or generated for the charltable purposes. Deslgnated funds are unrestrlcted funds earmarked by the trustees for particular purposes. g) Expendlture and irrecoverable VAT Expenditure is recognised once there 15 a legal or constructive obligarion to make a payment tc a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity heading5.' Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support cost5 Other expenditure represents those items not falling into any other heading Irrecoverable VAT is Charged as a c05t against the actlvity for whlch the expenditure was incurred. 10
The Charles Russell Speechlys Foundatlon Notes to the flnanclal statements For the ar ended 30 A rll 2024 l Accountln9 policle5 (continued) hl Grants payable Grants payable are made to third parties In furtherance of the charitvs object5. Single or multi- year grants are accounted for when either the recipient has a reasonable expectation that they will receive a granr and the trusrees have agreed to pay the grant without condition. or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant 15 Outside of the Control of the charity. Provisions for grants are made when the intention to make 3 grant has been communicated to the recipient but there is uncertainty about eSEher the timing of the grant or the amount of grant payable. 1> Allocatlon of support costs Resources expended are allocated to the particular activity where the cost relates direttly ro that acrivity. However. the cost of overall direction and administration of each acriviry, comprising the salary and overhead costs of the central function, is apportioned on the following basis 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 ani costs associated with the strategic management of the charity's activities. j) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at ihe amount prepaid net of any trade discount5 due. k) Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investment5 Wlth a short maturity of rhree month5 or less frorn the date of acquisirion or opening of the deposlt or similar account. l) Credltors and provlslons Creditors and provisions are recognised where ihe charity has a present obllgation resulting from a past event that will probably resulr in the transfer of fund5 to a third party and the amoL¢nt due to settle the obligation can be measured or estlmated reliably. Creditors and provisions are normally reco9nised at their settlement amount after allowing for any trade discounts due. m) Flnanclal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic flnancial instruments. Basic financial instruments are initially recognised at transaction value and subsequencly measured at their settlement value.
The Charles Russell Speechlys Foundatlon Notes to the flnanclal statements For the ear ended 30 A rll 2024 2 Income from donatlons 2024 Total 2023 Total Corporate Donarlons from Charles Russell Speechlys Other Gifts 533,264 481 492.887 170 All income is unrestricted. 533.746 493,057 3 Analysls of expenditure (current year) Charitable Governance Activities costs Support costs 2024 Total 2023 Total Grant making (note 4) Independent examination fees 452.462 452,462 284,521 4,200 4.200 36,795 3,960 11,600 Operating Expenditure 36,795 452,462 4,200 36,795 493,457 300,080 Support Costs 36,795 136.795) Governance costs 4,200 14.2001 Total expendlture 2024 493,457 493,457 Total expenditure 2023 300,080 300,080 Analysls of expendlture (prfor year) Charitable Activities Governance costs Support costs 2023 Grant maklng (note 41 Independent examination fees 284,521 284,521 3,960 3,960 11.600 Operating Expendlture 11,600 284,521 3,960 11,600 111,600) 300.080 Support costs Governance costs 11,600 3,960 (3,960) Total expendlture 2023 The independent examination fees in both periods are dLte within l year and include VAT. 300,080 300,080 12
The Charles Russell Speechlys Foundatlon Notes to the flnanclal staternents For the ear ended 30 A rll 2024 Grant maklng (current year) 2024 2023 Grants to Instltutlons Home Starr UK Emmaus UK Z2k Khulisa SafeLives Gloucestershire Community Foundation Surrey Community Foundation Buglife Food Bank Aid Plymouth Citizen5 Advice UNICEF European Lawers In Lesvos City Solicitors Education Fund Univeristy House Legal Advice Centre Fat Macy's Z2K Disability Appeals Greater Manchester Immigration Aid Unit British Red Cross Morocco Earthquake Britlsh Red Cross Libya Floods Soclal Mobility Business Partnership Solicitors Benevolent Fund London Legal Support Trust Blackfriars Settlement The Churn Inspire New Hackney 8usine5s Trust 40,880 40,770 40,500 40,500 40.500 32,500 32,500 28,000 21,643 20,000 20,000 20,000 11,800 i 0,000 i 0,000 8,000 6,369 s,000 5,000 s,000 5,000 4,000 3,500 1,000 30,000 30,500 38,000 30,000 30,000 20,000 20,000 5,321 20,000 11,000 i 0.000 s,000 i 0,000 io,000 5.000 4.000 3.500 2,200 Total 452,462 284,521 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 lincluding pension contrlbutions and employer'5 national 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 current year or the prior year. No charity trustee received payment for professional or other services supplied to the charity in the current year or prior year. Trustees, expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil 12023 £nil). 13
The Charles Russell Speechlys Foundatlon Notes to the flnanclal statements For the ar ended 30 A rll 2024 Related party transactlon5 During the year, there were no payment5 to related parties (2023 nill Aggregate donations from related parties were £nil 12023 £nill Taxatlon The charlty is exempt from corporation rax as all its income is charitable and is applied for charitable purposes. Credltors: amounts falllng due wlthln one year 2.024 2,023 Other creditors 21,739 12,806 21.739 12,806 14