**Charity number: 1188315** ## **THE SPALDING MEMORIAL EDUCATIONAL TRUST** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **THE SPALDING MEMORIAL EDUCATIONAL TRUST** ||**CONTENTS**|| |---|---|---| |||Page| |**Annual report**||1| |**Independent examiner’s report to the trustees**||2| |**Receipts and payments account**||3| |**Statement of assets and liabilities**||4| THE SPALDING MEMORIAL EDUCATIONAL TRUST ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees The Revd J. Collis M.A (Choir} Professor T.H. Barrett M.A., Ph.D. DrA. Barua Bsc, Ph.D. Professor R.P. Gordon Ph.D.. Lrtt.D. Dr S.M.A. lrnliaz., Ph.D. Di E. Kessler MBE.. Ph.D. Professor A.S. King, DPhil. Professor J. SIEbert B.A. (Hons.), M.Phil., Ph.D. Dr K. Vvard M.A., Ph.D. Charity register8d number 1188315 Principal address The Secretary The Spalding Memorial EduGational Trust P.0. Box 8S Stowmarkel IP14 3NY Objects of the Trust 11) Promote ethical, philosophical and religious education. as faf as possible throughout the world. through the support of inter-religious stJdy lo Dromote mutual understanding and respect. 121 Promot& any other charitable purpose according lo the laws of England and Wales as tha Trustees may from lime to time think fft. Honorary Treasurér Mr I C. Slra¢han M.A, C.A. Actlvltie5 The award of grants to support inter4eligious studies. Trustee chang8s In the year There were no Iruslee changes in the year. Signed on behalf of the Truslee$'. evd J. Collis M. Chair Approved by the Trustees Page 1 ## **THE SPALDING MEMORIAL EDUCATIONAL TRUST** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Independent examiner’s report to the trustees** I report on the accounts of the charitable trust for the year ended 31 December 2023 set out on pages 3 to 4. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144 (2) of the Charities Act 2011 (the Act) and that an independent examination is needed. ## **It is my responsibility to:** - examine the financial statements under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Dated: 8 July 2024 N Peacock FCA CTA ## **Lakin Rose Limited** Chartered Accountants Pioneer House Vision Park Histon Cambridge CB24 9NL Page 2 ## **THE SPALDING MEMORIAL EDUCATIONAL TRUST** ## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023** |
**RECEIPTS**
COIF Share dividends
Deposit interest
Other income
**Total receipts**
**PAYMENTS**
Grants
Secretary’s salary
Secretary’s pension cost
Printing, postage and stationery
Telephone and internet charges
Computer expenses
Electricity costs
Accountancy fees
Payroll fees
Legal fees
Travel costs
Bank charges
AGM expenses
Other expenses
Purchase of assets
**Total payments**
**Net deficit for the year**
**Bank balances brought forward**
**Bank balances carried forward**|**Year to**
_Year to_
**31 December 2023**_31 December 2022_
**£**
**£**
_£_
_£_
**99,229**
_98,442_
**852**
_215_
**109**
**-**
**£100,190**
£_98,657_
**102,418**
_82,065_
**19,679**
_20,831_
**422**
_1,047_
**590**
_630_
**778**
_775_
**649**
_259_
**2,452**
_1,089_
**1,440**
_1,800_
**-**
_600_
**-**
_1,930_
**45**
_-_
**246**
_122_
**1,957**
_997_
**94**
_-_
**1,869**
_3,136_
**(£132,639)**
_(£115,281)_
**______**
**(32,449)**
_(16,624)_
**£66,230**
£_82,854_
**£33,781**
_£66,230_|**Year to**
_Year to_
**31 December 2023**_31 December 2022_
**£**
**£**
_£_
_£_
**99,229**
_98,442_
**852**
_215_
**109**
**-**
**£100,190**
£_98,657_
**102,418**
_82,065_
**19,679**
_20,831_
**422**
_1,047_
**590**
_630_
**778**
_775_
**649**
_259_
**2,452**
_1,089_
**1,440**
_1,800_
**-**
_600_
**-**
_1,930_
**45**
_-_
**246**
_122_
**1,957**
_997_
**94**
_-_
**1,869**
_3,136_
**(£132,639)**
_(£115,281)_
**______**
**(32,449)**
_(16,624)_
**£66,230**
£_82,854_
**£33,781**
_£66,230_| |---|---|---| |||| |||_£66,230_| Page 3 ## **THE SPALDING MEMORIAL EDUCATIONAL TRUST** ## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2023** ||**31 December**_31 December_|**31 December**_31 December_| |---|---|---| ||**2023**|_2022_| ||**£**|_£_| |**MONETARY ASSETS**||| |**Bank and cash balances:**||| |Charities Deposit Fund – Reserves Fund|**10,543**|_15,390_| |Charities Deposit Fund – Clare Hall Fellowship|**2,280**|
_6,842_| |HSBC ST Current Account|**20,953**|_42,163_| |HSBC ERS Current Account|**5**|_1,835_| ||**£33,781**|_£66,230_| |**Debtors:**||| |Salary overpayments|**-**|_89_| ||**-**|_£89_| |**Liabilities:**||| |Accountancy fees estimate (incl. VAT)|**2,186**|_2,040_| |Outstanding payroll costs|**1,389**|_716_| |Grants approved but unpaid at the end of the year|**9,675**|_11,690_| |Salary underpayments|**130**|**-**| ||**£13,380**|_£14,446_| |In addition to the grants shown above, the charity has contingent|liabilities at 31 December 2023|| |of £nil_(31 December 2022 - £4,833)_for grants awarded, but not accrued, as payment in||| |future years is subject to relevant conditions being met.||| |**INVESTMENT ASSETS**||| |**Held for investment purposes:**||| |1,167,437_(31 December 2022 – 1,167,437)_income units in –||| |COIF Investment Fund (1,102,457 units)|**3,318,396**|_3,021,614_| |COIF Property Fund (42,764 units)|**44,645**|_47,617_| |COIF ERS (22,216 units)|**66,870**|_60,889_| ||**£3,429,911**|_£3,130,120_| |**Assets held for own use**||| |Scanner (cost £3,136)||| |Computer (cost £2,294)||| Page 4