CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 06104123 Period end date Period start date To 05104124 Charity name: The Spencer Steadman Trust Charity registration number: 1194926 Objectives and Activities Summary of the purposes of the charity as set out in its governing dC￿rnent Para 1.17 To promote the education {including social and physical training) of Individuals from lower socio-economic backgrounds in such ways as the charitys trustees think fit via the award of funding to other charities which support andlor 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 thèlr education (including the study of music or other arts or skills). including financial assistance for tuition, travel in furtherance of that ￿UCatIon or to prepare for entry to any occupation. trade or profession on leaving any edu&*ional establishment. Awarding to such persons scholarships. maintenance allowances or grants tenable at prtrschools, primary or secondary schools, universitios, 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 edU￿￿10n or to prepare for entry to any Summary of the main activities in relation to those purposes for the public benefit, in particular. the aclimties, projects or services identified in the accounts. Para 1.17 and 1.19 occupation, trade or profession on leaving any oducational establishment. Statement confimiing 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 l)enef Additional inforniation {optional) You ma choose to include further statements wher8 relevant abouL' SORP reference Tho Trust has awarded grants based on reviews by the Trustees of projects and students proposed by ARK Academy Chain Pard 1.38 Policy on grant making Pwa 1.38 Policy on social investment including program relat& investment Para 1.38 Contrtbution made by volunteers Other Achievements and Perfonnance Continued funding of project and students via our partnership with Ark Academy Chain (Absolute Retum for Kids) The Yellow Building, 1 Nicholas Road, London. W114AN Charity number 1095322, including= Awarded grants of £80,000 for a new laboratory facility in Ark Academy wa￿Orth school. continuing existing bursaries for 3 students from Ark Academy schools part way through universtty and awarding 3 additional bursaries to new students entering university. Held third fundraising dinner and auction at the Houses of Parfiament in London in De￿mber 2023 Summary ofthe main achievements of the charity. identifying the difference the charity's work has made lo the circumStan￿S of its beneficiaries and any wider benefits lo society as whole. Para 1.20 Additional Infomiation (optional) You ma choose to include further ststements where relevant aboLrt: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set ParJ 1.41 Investrnent perfornian against objectives Para 1.41 Other Financlal Review Review of the charity's financial position at the end of the eriod Statement explaining the policy for holding reserves Stalin are held Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concem Para 121 Para 1.22 PaTr 1.Y2 Parn 1.22 Para 1.24 P¥a 1.23 Additional information (optional) You ma ch¢X)se to include ftjrther statements where relevant about The charity's principal sources of funds (including any fundraising) Pard 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the prtncipal risks facing the charity P*a 1.46 Other structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 How is the charity constituted? Para 125 cio orated Trustee selection methods including delails of any conslitulional provisions e.g. election to post or name of any person or body entitled lo appoint one or more trustees Para 1.25 Appointed by the Board Additional information (optional) You ma 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 organisalional structure and any wider network with which the charity works P¥a 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Chari name Other name the charil uses istered charit number Charity's principal address Thes n￿r Steadrnan Trust 1194926 27 Old Gloucester Street LONDON WC1 N 3AX Names of tho charity trustees who manage the charity Nam on lor body Trustee name Offlc• {rfany) Oates acted If not for whose entiti edto appo Int trust ee Ilf an Kate Steadman Chairman Andrewjones Samaya Michiko Nissanke Mohan Russell Korgaonkar Hugh Dawes Sebastian W(K)ds- Walker Treasurer Richard Christopher Brown MBE Alister shepherd Nasir Ahmad Secretary 10 12 13 14 15 16 17 18 19 20 orate trustees - names of the direclors at the date the re rt was a Director name Kate Steadman Andrewjones Samaya Michiko Nissanke Mohan Russell Korgaonkar Hugh Davies Sebastian Woods-walker Richard Christopher Brown MBE Alister shepherd roved Nasir Ahmad Name of trustees holding title to property belonging to the chaiity Dates acted If not forwhole Trustee name 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 Addltional infomiation (optional) Names and addresses of advisers (Optional infornialion) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional infonnation) Exemptions from disclosure Reason for non4isclosure of ke rsonnel details Other o tional information Declarations The trustees declaro that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturels) Full namels) Moh4K) ¢￿s￿LLL Position (eg Secretsry, Chair, etG} f fLLA (Q Date L£ CHARITY COMMISSION FOR ENGLAND AND WALES Spencer StÈ8dman Tnwt Receipts and payments accounts CC16a For the p•riod from To C610412023 0510412024 Section A Receipts and payments Unrestricted funds tothB rnarnst Re5trtcted funds Endowment funds Total funds Last year tothfr near8st£ toth• nèar•st£ to t￿ nearest£ A1 Receipt5 46,034 65M52 Sub tolal(Gmss Incon￿ for AR) 46,034 65.4 A2 As58t and inv•stm•nt s￿0$, Isee table). Sub total Total receipts 46.034 46,034 65,452 A3 Payments Fundraisiw Events Grants 11470 81915 11470 82,915 12,660 5T,500 Sub total 9&385 95.365 70,360 A4 Asset and Invèstment urchases, see table) Sub total 9S,385 95.385 70,360 Net of r￿elp￿(paYrnentS) AS Transfers be￿een funds A6 Cash funds last year end Cash funds this year end 49.351 49,351 4.908 178,285 128,9 178,285 128,934 4,908 CCXX R1 accounts Issi 2610312025 Section B Statement of assets and liabilities at the end of the period Unrestrl¢ted funds to r*aTest£ Restricted funds Endowment fvnd$ cal￿OrieS Delails to nearest £ 81 Cash funds 124934 Total cash funds 128,934 5)} Unrestricted funds to r*arest£ Restricted fvnds Endowment funds to nÈarest£ Details to nearest £ Fund to ¥vhkh ¥s•t ￿lon CLwrent value n¥1 D¢iiiil¥ Cost loptlonall 83 Investrnent assets Fund towhlch Current value lonal Details Cost lopllonall 84 Assets retained for the harit￿S own use 111- Fund to Afflount due When due tlonal Oet.4il¥ r•lal99 85 Llabllltles Slgned by one or ts4Y) Irustees on behalf of all Ihe trustees Date of approval SKJnatu Print Narr LL. S.L CCXX R2 accounts ISS) 2610312025 ## **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 05/04/2024 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 05/04/2024. 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:** 06/03/2025 **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 1 **October 2018** **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). 2 **October 2018** **IER**