**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 edUCa￿n. 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:** - 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: 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 2024**_31 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 2024**_31 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_| |---|---|---| |||| |||_£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**|
| |---|---|---| Page 4