## **Trustees’ Annual Report for the period**
**From 06/04/21 Period start date To 05/04/22 Period end date**
**Charity name: The Spencer Steadman Trust**
**Charity registration number: 1194926**
## **Objectives and Activities**
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SORP reference
Summary of the Para 1.17 To promote the education
purposes of the charity (including social and physical
as set out in its training) of individuals from lower
governing document socio-economic backgrounds in
such ways as the charity's
trustees think fit via the award of
funding to other charities which
support and/or undertake: i.
Awarding to such persons
scholarships, maintenance
allowances or grants tenable at
pre-schools, primary or secondary
schools, universities, colleges or
institutions of higher or further
education; and ii. Providing
additional support to their
education (including the study of
music or other arts or skills),
including financial assistance for
tuition, travel in furtherance of
that education or to prepare for
entry to any occupation, trade or
profession on leaving any
educational establishment.
Summary of the main Para 1.17 and i. Awarding to such
1.19
activities in relation to persons scholarships,
those purposes for the maintenance allowances
public benefit, in or grants tenable at pre-
particular, the activities, schools, primary or
projects or services secondary schools,
identified in the universities, colleges or
accounts. institutions of higher or
further education; and
ii. ii. Providing additional
support to their
education (including the
study of music or other
arts or skills), including
financial assistance for
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**tuition, travel in furtherance of that education or to prepare for entry to any occupation, trade or profession on leaving any educational establishment.** Statement confirming Para 1.18 **The trustees have had regard to** whether the trustees **the guidance issued by the** have had regard to the **Charity Commission on public** guidance issued by the **benefit.** Charity Commission on public benefit
## **Additional information (optional)**
You may choose to include further statements where relevant about: SORP reference **The Trust will award grants based** Para 1.38 **on the recommendations of ARK** Policy on grant making **Academy Chain** Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
SORP reference
||Summary of the main
achievements of the
charity, identifying the
diference the charity’s
work has made to the
circumstances of its
benefciaries and any
wider benefts to society
as a whole.|Para 1.20|
**Established as a CIO**
**23/06/21**
**Registered with HMRC for**
**GiftAid 27/08/21**
**Explored Partnership with**
**Ark Academy Chain**
**(Absolute Return for Kids)**
**The Yellow Building, 1**
**Nicholas Road, London, W11**
**4AN Charity number**
**1095322**
**Held inaugural fundraising**
**dinner and auction at the**
**English Speaking Union in**
**London 04/12/21**||
|---|---|---|---|---|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
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## **Financial Review**
Review of the charity’s Para 1.21 financial position at the end of the period Statement explaining the Para 1.22 policy for holding reserves stating why they are held Amount of reserves held Para 1.22 Reasons for holding zero Para 1.22 reserves Details of fund materially Para 1.24 in deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
## **Additional information (optional)**
You may choose to include further statements where relevant about:
The charity’s principal sources of funds Para 1.47 (including any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the Para 1.46 principal risks facing the charity Other
## **Structure, Governance and Management**
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Description of charity’s
trusts:
Type of governing Para 1.25
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Appointed by the Board
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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## **Reference and Administrative details**
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Charity name The Spencer Steadman Trust
-
Other name the charity
uses
Registered charity 1194926
number
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Charity’s principal 27 Old Gloucester Street
address LONDON
WC1N 3AX
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## **Names of the charity trustees who manage the charity**
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Kate Steadman Chairman
2 Andrew Jones
Samaya Michiko
3
Nissanke
Mohan Russell Treasurer
4
Korgaonkar
5 Hugh Davies
Sebastian Woods-
6
Walker
Richard Christopher
7
Brown MBE
8 Alister shepherd
9 Nasir Ahmad Secretary
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved **Director name** Kate Steadman Andrew Jones Samaya Michiko Nissanke Mohan Russell Korgaonkar Hugh Davies Sebastian Woods-Walker Richard Christopher Brown MBE Alister shepherd Nasir Ahmad
Name of trustees holding title to property belonging to the charity
|**Trustee**|**name**
**Dates**|**acted**|**if**|**not**|**for**|
|---|---|---|---|---|---|
||**whole**|**year**||||
**Funds held as custodian trustees on behalf of others** - Description of the assets held in this capacity
- Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects - Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s)**
**Position (eg Secretary, Chair, etc)**
**Date**
**Charity Name Spencer Steadman Trust**
**No (if any) 1194926**
## **Receipts and payments accounts**
Period start date Period end date **To** 4/6/2021 4/5/2022
**For the period from**
## **Section A Receipts and payments**
**Unrestricted Restricted Endowment funds funds funds**
**Total funds**
**to the nearest £**
**to the nearest £**
**to the nearest £ to the nearest £**
## **A1 Receipts**
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200,146 - - 200,146
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
200,146 - - 200,146
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 200,146 - - 200,146
A3 Payments
Fundraising Events 16,855 - - 16,855
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 16,855 ] - - 16,855
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 16,855 - - 16,855
Net of receipts/(payments) 183,291 - - 183,291
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 183,291 - - 183,291
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## **Section B Statement of assets and liabilities at the end of the period**
||||**Unrestricted**||**Restricted**|
|---|---|---|---|---|---|
|**Categories**|**Details**||**funds**||**funds**|
|**B1 Cash funds**||**_Total cash funds_**|**to nearest £**
**183,291**
**-**
**-**
**183,291**|
|**to nearest £**
**-**
**-**
**-**
**-**|
||(agree|balances with receipts and payments
account(s))|OK|OK||
||||**Unrestricted**||**Restricted**|
||||**funds**||**funds**|
|**B2 Other monetary assets**|**Details**||**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|
|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|
|**B3 Investment assets**|**Details**||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**||
|**B4 Assets retained for the**|**Details**||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**||
|**charity’s own use**||||
|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
|**B5 Liabilities**|**Details**||**Fund to which**
**liability relates**|
|**-**
**-**
**-**
**-**
**-**
**Amount due**
**(optional)**|
|Signed by one or two trustees on
behalf of all the trustees||Signature|Print|Name||
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CC16a
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## **Last year**
**to the nearest £**
**-**
**-**
**-**
**-**
## **Endowment funds**
**to nearest £ - - - -**
OK
**Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional)**
**When due (optional)**
Date of approval
## Andrew Eldridge Financial Services
7 High st Tingrith MK17 9EH
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/ members of**
Spencer Steadman Trust
**On accounts for the** 5 April 2022 **year**
**Charity** 1194926 **no (if any)**
Bank records and accounts provided to me by the Trust
## **ended**
## **Set out on pages**
I report to the trustees on my examination of the accounts of the above church (“the Trust”) for the year ended 05/04/2022.
**Responsibilities and** As trustees of the Trust, you are responsible for the preparation of **basis of report** the accounts in accordance with the requirements of the Charities Commission. I report in respect of my examination of the Trust’s accounts carried out adopting section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material **examiner's** matters have come to my attention in connection with the **statement** examination which gives me cause to believe that in, any material respect:
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed:** _Andrew Eldridge_ **Date:** 26/06/2023 **Name:** Andrew Eldridge (Andrew Eldridge Financial Services) **Relevant professional** ATT Association of Taxation Technicians (ATT – part of the **qualification(s) or body** Chartered Institute of Taxation) **(if any): Address:** 7 High Street, Tingrith Milton Keynes MK17 9EH
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .