Charity number: 1188315
THE SPALDING MEMORIAL EDUCATIONAL TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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 2024 Trustses The Revd J. Colli5 M.A. (Chair) ProfessorT.H. Barrett M.k, Ph.D. DrA. 8arua Bse, Ph.D. Professor R.P. Gordon Ph.D., Litt.D. Dr S.M.A. Imliaz., Ph.D. Dr E. Kessler MBE., Ph.D. ProfessorA.S. King, DPhil. Professor J. Sliebert BA. (Hons.). M.Phil.. Ph.D. Dr K. Ward M.K, Ph.D. Charity registered number 1188315 Prlncipal address The Secretary The Spalding Memorial Educational Trust P.0 Box85 Slowmarket IP14 3NY Oblects of the Trust {11 Promote ethical, philos¢)phical and felwJious edUCan. as far as possible Ihroughoutthe world, through the support of inler-religious study lo promote mutual understsnding and respect. (21 Promote any other char'",table purpose according to the of Engkind and Wales as the Trustees may from time to time think fit. Honorary Treasurer Mr l.C. Strachan M.A. C.A. Activities The award of grants lo supwt inter-rdigious studies. Trusteg changes in the year There were no trustee thanges in the year. Sig 8d on behalf of the Trustees: evd J. Collis MA. Approved by the Tru$t*s Pa9e 1
THE SPALDING MEMORIAL EDUCATIONAL TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner’s report to the trustees
I report on the accounts of the charitable trust for the year ended 31 December 2024 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:
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examine the financial statements under section 145 of the 2011 Act;
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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
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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:
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(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
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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: 28 May 2025
N Peacock FCA CTA
Lakin Rose Limited
Chartered Accountants
Cambridge House Camboro Business Park Girton Cambridge CB3 0QH
Page 2
THE SPALDING MEMORIAL EDUCATIONAL TRUST
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
RECEIPTS COIF Share dividends Deposit interest Other income Cash from sale of investments Total receipts PAYMENTS Grants Secretary’s salary Secretary’s pension cost Printing, postage and stationery Administration costs 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 receipts/(payments) for the year Bank balances brought forward Bank balances carried forward |
Year to Year to 31 December 202431 December 2023 £ £ £ £ 101,063 99,229 657 852 - 109 101,720 100,190 30,000 - _ _ £131,720 £100,190 64,550 102,418 21,341 19,679 - 422 500 590 466 - 849 778 88 649 2,113 2,452 1,590 1,440 1,674 - - - - 45 247 246 1,608 1,957 - 94 - 1,869 (£95,026) (£132,639) ______ £36,694 (£32,449) £33,781 £66,230 £70,475 £33,781 |
Year to Year to 31 December 202431 December 2023 £ £ £ £ 101,063 99,229 657 852 - 109 101,720 100,190 30,000 - _ _ £131,720 £100,190 64,550 102,418 21,341 19,679 - 422 500 590 466 - 849 778 88 649 2,113 2,452 1,590 1,440 1,674 - - - - 45 247 246 1,608 1,957 - 94 - 1,869 (£95,026) (£132,639) ______ £36,694 (£32,449) £33,781 £66,230 £70,475 £33,781 |
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| £33,781 |
Page 3
THE SPALDING MEMORIAL EDUCATIONAL TRUST
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024
| MONETARY ASSETS Bank and cash balances: Charities Deposit Fund – Reserves Fund Charities Deposit Fund – Clare Hall Fellowship HSBC ST Current Account HSBC ERS Current Account Debtors: Salary overpayments Liabilities: Accountancy fees estimate (incl. VAT) Outstanding payroll costs Grants approved but unpaid at the end of the year Salary underpayments INVESTMENT ASSETS Held for investment purposes: 1,157,737_(31 December 2023 – 1,167,437)_income units in – COIF Investment Fund (1,092,757 units) COIF Property Fund (42,764 units) COIF ERS (22,216 units) Assets held for own use Scanner (cost £3,136, net book value £nil) Computer (cost £2,294, net book value £nil) |
31 December 2024 £ 11,083 2,396 56,960 36 £70,475 - - 1,620 2,007 3,580 - £7,207 3,379,462 44,859 68,705 £3,493,026 |
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