## **Trustees’ Annual Report for the period** ## **From 06/04/22 Period start date To 05/04/23 Period end date** ## **Charity name: The Spencer Steadman Trust** ## **Charity registration number: 1194926** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To promote the education (including**
**social and physical training) of**
**individuals from lower 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
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**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.**
**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.**| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees have had regard to the**
**guidance issued by the Charity**
**Commission on public benefit.**| |**Additional information (optional)**
You may choose to include further statements where relevant about:||| ||SORP reference|| |Policy on grant making|Para 1.38|**The Trust has awarded grants based on**
**a review by the Trustees of projects and**
**students proposed by ARK Academy**
**Chain**| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**●Established Partnership with Ark**
**Academy Chain (Absolute Return**
**for Kids) The Yellow Building, 1**
**Nicholas Road, London, W11 4AN**
**Charity number 1095322**
**●Awarded initial tranche of grants**
**worth over £120,000, starting**
**from August 2022, for library**
**facilities in Ark Academy schools**
**in Enfield and Portsmouth and**
**bursaries for 3 students from Ark**
**Academy schools going on to**
**attend university.**
**●Held second fundraising dinner**
**and auction at the Houses of**
**Parliament in London in**
**November 2022 **| ## **Additional information (optional)** You may choose to include further statements where relevant about: **----- Start of picture text -----**
Achievements against
objectives set Para 1.41
Performance of fundraising
activities against objectives
set Para 1.41
**----- End of picture text -----**
|Investment performance
against objectives|Para 1.41|| |---|---|---| |Other||| ## **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 in Para 1.24 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 (including
any fundraising)|
Para 1.47|| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection 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|Para 1.25|**Appointed by the Board**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| Other ## **Reference and Administrative details** |Charity name|The Spencer Steadman Trust| |---|---| |Other name the charity uses|-| |Registered charity number|1194926| |Charity’s principal address|27 Old Gloucester Street
LONDON
WC1N 3AX| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Nam**
**e of**
**pers**
**on**
**(or**
**body**
**)**
**entitl**
**ed to**
**appo**
**int**
**trust**
**ee (if**
**any)**| |---|---|---|---|---| ||Kate Steadman|Chairman||| ||Andrew Jones|||| ||Samaya Michiko
Nissanke|||| ||Mohan Russell
Korgaonkar|Treasurer||| ||Hugh Davies|||| ||Sebastan Woods-
Walker|||| ||Richard Christopher
Brown MBE|||| ||Alister shepherd|||| ||Nasir Ahmad|Secretary||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – 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)** ||**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---|---| ||**Type of**
**adviser**
**Name**
**Address**||| ||||| ||||| ||||| ||||| ||**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 No (if any) Spencer Steadman Trust 1194926 Receipts and payments accounts** Period start date Period end date **To** 4/6/2022 4/5/2023 **For the period from** ## **CC16a** ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds** ## **Total funds Last year** |**Section A Receipts and payments**
**Unrestricted**
**funds**|**Restricted**
**funds**|**Endowment**
**funds**|**Total funds**|**Last year**| |---|---|---|---|---| |**A1 Receipts**
**65,452**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**65,452**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 65,452**
**A3 Payments**
FundraisingEvents
**12,860**
Grants
**57,500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ 70,360**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 70,360**
**_Net of receipts/(payments)_ - 4,908**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**183,291**
**_Cash funds this year end_ 178,383**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**to the nearest £**|**to the nearest £**
**65,452**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**65,452**
**-**
**-**
**-**
**65,452**
**12,860**
**57,500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**70,360**
**-**
**-**
**-**
**70,360**
**- 4,908**
**-**
**183,291**
**178,383**|**to the nearest £**| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**65,452**|**200,146**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**65,452**|**200,146**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|**-**| ||||**-**|**-**| |||||| |||**-**|**65,452**|**200,146**| |||||| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**12,860**|**16,855**| ||||**57,500**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**70,360**|**16,855**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**70,360**|**16,855**| |||||| ||**-**|**-**
**-**
**-**
**-**|**- 4,908**|**183,291**| ||**-**||**-**|**-**| ||**-**||**183,291**|**-**| ||**-**||**178,383**|**183,291**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
**Details**
**Details**
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**178,383**
**-**
**-**
**-**
**-**
**-**
**178,383**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**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** Spencer Steadman Trust 05/04/2023 1194926 **Report to the trustees/ members of On accounts for the year ended Charity no (if any) Set out on pages** Draft accounts provided to me by the Trust ## **Responsibilities and basis of report** I report to the trustees on my examination of the accounts of the above Trust for the year ended 05/04/2023. As the trustees of the Trust, you are responsible for the preparation of 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 examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the 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:** 15/03/2023 **Name:** Andrew Eldridge (Andrew Eldridge Financial Services) **Relevant professional qualification(s) or body (if any):** ATT Association of Taxation Technicians (ATT – part of the Chartered Institute of Taxation) **Address:** 7 High Street, Tingrith **October 2018** 1 **IER** 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). **October 2018** 2 **IER**