THE HANDSWORTH CHARITY
REPORT AND FINANCIAL STATEMENTS
YEAR ENDED31 DECEMBER 2024
Reglstered Charlty No 216603
CONTENTS
Page
Le801 and admlnlstratlve Informatlon
Report of the trugtees
Independent examlner's report
Statement of financlal actlvi¢ies
Balance Sheet
7-11
Notes to the flnanclal statements

THE HANDSWORTH CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31 DECEMBER 2024
Churltyreglstratlon
The Trust is an unintorporated charity under registration number 216603.
rhe Charfty's trustses consist OA..
Ex-officio Trustees..
The Rector and Church Wardens of St MarWs Parlsh. Hand5worth
Nominative Trustee5'.
Appointed by Birmingham City Council or the Trustees and each
holdln8 offlce for four years.
C¢-opiatlve Trustees..
Appointed by the Trustees and each holding offlce for f5ve years.
The Charity's Trustees duriftg the year ended 31 December 2024 were..
Ex-officlo Trustèes..
Keith Hemmings Ichalrmanl
Revd Lizzie Lon8hurst- appolnted 11 September 2024
Chris Perry- appointed 19 Jvne 2024
Nomlnatlve..
Mrs Klm Brom (Senior Vlce Chalrmanl
Vincent Danlel- retSred April 2024
Parmala Mehay Hydes
Gerald Hardin8- appointed 6 March 2024
and reslgned 28 O¢ttsber 2024
Balblnder D¢ulay- appolnted 6 March 2024
Tonla Clark- appctinied 19 June 2024
Hel8a Edstrom- appolnted 19 June 2024
Co.optatlve'.
Mrs Doreen Hemmlngs (Junlor Vlce Chalrmanl
Rosemariè Seadon
Secretary-.
Ms Dlpall Chandra
clo 109 Court Oak Road
Harborne
Blrmingham
B179AA
Bunkers..
Royal Bank of Scotland PIC
l Hardman Boulevard
Manchester
M3 3AQ
Investment Monaqets..
Cènaccord Genuity Wealth Ltd
Saggar House
Princes Drive
Worcester
WRI 2PG
Independent Examlner..
Malcolm Willcox, FCCA
Chartered Certified Accountsnt
Hagley House
93 Ha8ley Road
Edgbaston
8irmingham
B16 8LA

THE HANDSWORTH CHARITY
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2024
The Trustees present their Report forthe year ended 31 December 2024.
The flnancial statements h8ve been prepared in accordance with the accountlll8 policies set out in the notes thereto,
and comply wlth the Charlty's governSng document, the Charities Act 2011 and the Charities SORP IFBS1021.
Structure* govéinancè and management
The Handsworth Charities Ithe 'Chorities'1 were constituted by a scheme of the Charlty CommSssioners dated 13 Aprll
1977. The Charitles consisted ol The Handsworth Charity, re8lStered charity number 216603 and The William
Stevenson Charity, re8lstered charity number 212721. By a Resolution dated 15 March 2006 all property belon6ing to
The Williarn Stevenson Charity was to be transferred to The H3ndsworth Charity. The Charlty CommlssSon concurred
with the Trustees, re501ution and the transfer of assets was completed on 5 August 2006. The Wllliam Stevenson
Charity was subsequently deleted from the Chartty Commlssion reglster.
All matters of pollcy are deterrnlned by the Trustees who m¢Èt regularly.
The Trustees have examlned the major strDre8lc and operatlonal rlsks which the charity faces and are 5at1511ed that
systems have been establlshed so ihat the necessary steps can be taken to minirn15e these risks.
Obledlve5 and attlvltles
To make Ilxed annual payrnents of £250 tty the Parochlal Church Councll of the ÉcclesiastScal Parlsh of St Mary,
Handsworth, for the beneftt of the rnuslc of the parlsh church.
To relleve need, hardshlp or distress amongst thosè living wSthln the Ancient Parish ol Handsworth by making
8rants or paying for servlces or facllltle5 calculated to reduce néed, hardshlp or dlstress.
To make payments to pensloners already awarded penslons by the CharStles,' and
To make payrnents to vlsually Impaired persons Ilvln8 wlthln the Anclent ParSsh of Handsworth.
The Charity recelve5 appllcatlon5 both from indivlduals and referrals organlsatlon5. Appll¢attons should be made to
the Clerk.
The Trustees have referred to the 8uldance contalned In the Charlty Cornmlss5on's 8eneral 8uldance on public beneflt
when reviewin& the Charity's aims and objectives and plannln8 future activitles. In partlcular, the fru5tees have
tonsidereij how planned activities will contribute to the aims and objectives set.
A¢hlevements and performance
fjrants dlstrlbuted by the Ch8rlty Emounted to £12,33014 organisation51 le55 8rants rescSnded of £8,720 relating to
prior years compared with £19,90019 orgaDlsatlons1 In the prevlous year.
Flnarttlal rèvlew and Investment poll¢v
The Charity'5 flnanclal statements are set out on pages 5 to 11. Income received amounted 10 £36,756 12023..
£37.9721. The sum of £12,33012023.. £19,900) was expended on grants less grants and a pension rescinded of £8,835
reSatin8 to prior years, £250 on the annual payment to the PCC of St Mary's Handsworth, whilst support and
governance costs totalled EIO.596 12023.. £6,468). Investment manager's fee5 were £9,57412023.. £8.8861. The
Market ValLte of the Investments at the year end was £1,148,50111023.. £1.130.6831. Unrestricted reserves at 31
December 2024 were £107,24512023.' £103,239).
There are no restrictions on the Charitvs power to invest. The investment strategy is set by the Trustee5 for a period
of flve ye8rs. The Trustees consider the incorne requirements, the risk profile and the investment managers, review
of the markÉt prospects in the medium term. The unrestricted and restricted funds may be invested In any type of
investment.

THE HANDSWORTH CHARITY
REPORT OFTHE TRUSTEES- Continued
YEAR ENDED 31 DECEMBEB 2024
Reserves pollcy
It is the policy of the Charityto maintain unrestritted funds, which are the free reserves of the Charltyi at a level which
equate5 to at least two year5, income. This provldes sufficienr funds to cover governance and support cost5 and to
respond to emergency application5 for grants which arise from time to time. A5 at 31 December 2024 unrestri£t2d
Income funds were £107,24512023.. £103,239) which is in exces5 of the reserves pollcy.
Statement of Trustees, responslbllltle$ for the financlal statements
The Trustees ar¢ responsible lor preparlng the Trustees, Report and the financial statements in accordpnce with
applicable law and Un*ted Xin8dom Accountlng Standards Iunlted Kingdom Gefterally Accepted Accounting Practicel.
The law applicable to Charitie5 in Englond and Wales requlres the Trustees to prepare Ilnancial 5t4tÈment$ lor each
linancial year which 8ive a true and fair view of the State of the Trust's affalrs and of the Incoming resources of the
Trust for that period.
In preparln8 these tinancial statement5. the Trustees are requlred to..
select sult&ble ac¢ountlng ptsllcles and apply them conslstently,.
observe the methods and prlnciples In the Charltles SQRP,.
make lud8ements and estlmate5 that pre reasonablè and prudent,.
state whether appllcable 8ccountSn8 Standards have been followed, sublett to any rnaterlal dèpartures
disclosed and explained In the flnanclal statement5; and
prepare the flnanclal statements Ofi b 8oln8 concern basls unless It Is conslderè(I Inapproprlate to assume thit
the Trust wlll contlnue.
TheTrustees are responslble for keeping proper iccountin8 records that disclose wlth reasonable accuracy at anytlme
the flnancial posltion of the Trust and enable thern to ensure that the financlal statements comply with the Charities
Act 2011, Ihe Charity IAccounts and Reports) Regulations 2008 and the prgvision of the Trust Deed.
Thè Trustees are also responslble foi safe8uardln8 the assets ol the Trust and for takin8 reasonable steps for the
preventlon and detectlon of fraud ènd Llther irresularltles.
Approved by the Trustees on
ondslgnedon rhelr behulf by
Morch 2025
KEITN HEMMINfjS
Chairman

REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF THE HANDSWORTH CHARITY
I report on the flnanclal statement5 of the Charity for the year endÈd 31 December 2024 which are set out on
page5 S to 11.
Respective re5pon51bllltles of tru5tee5 and examlner
Thè tharity's trustees are responsible for the preparation of the financial statements. The charity's trustees
¢¢nsider ihat an audlt Is not requlred for thls year under sectSon 144 of the CharltSes Act 20111.the Chailtles
Act") and that an Independent exarnrnation Is needed.
It Is my responsibility to:
examine the flnanclal siatements under 5ectlot) 145 of the Charitles Act,.
follow the procedures laid down in the general Dlre¢tions glven by the ChaTIty Commisslon (under section
14515llbl of the Charltles Act., and
state whether particular matters have come to my attenti¢n.
Independent #xamlnerfs statement
I have completed my examination. l Confirm that no malerlal matters have come to my attentlon whlch 8lves
me cause to belleve that In, any mateflal respect..
the accountlng records were not kept In accordance with sectlon 130 Of the Charltles Act,. or
the fSnanclal slatement5 dSd not accord wlth the a¢countSn& records,. or
the flnan¢ial statements dld not ¢omply with the appllcable requirements concerning the form and content
of financlal statement5 set out In the Charltles IA¢¢¢unts and Reports) Re8ulatlons 2008 other than anv
requlrèment that the hnanclal statement5 8lve a 'tfue and fair, vlew whlch Is not a matter consldered as
part of an Independent examlnatlon.
I have no concerns, and I have come across no other matters In connectlon wlth the examlnatlon to whlch
attentlon should be drawn In this report In order to enable a proper understandlng of the finan¢lal statements
to be reached.
MALCOLM H J WILLCOX FCCA
Malcolm Willcox & Co
Chortered CertlfledAccountonts and Stututory Auditors
irmingham
March 2025

THE HANDSWORTH CHARrrY
STATEMENT OF FINANCIAL AcfiviTIES
YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
Income
Capital
2024
Total
Unrestricted Restricted
Income
Capltal
2023
Total
Notes
INCOME
Investment Incorne
36.756
36,756
37,972
37,972
EXPENDITURE
CharStable artlvltles
Grants
PCC of St Mary's, Handsworth
Pension cancoll¢d
Fundraising
Investment Mana8er's fee5
support cost5
Clerk's fee
Sundry expenses
Govèrnan¢¢ costs
Clerk's fee
Accountancy and independent examlnatlon
3,610
250
3,610
250
1 1151
19,900
250
19,900
250
9,574
9,574
8,886
8.886
4,400
596
4,400
596
2,400
218
2,400
218
4,400
1,200
4,400
1,200
2,400
1,200
2,400
1,200
Total •xpendltur•
23,915
23,915
35,254
35,254
Net Ineomelexpendltuye
12.841
12,841
2,718
2,718
Net 8alnsl1055es on Investment5
Reallsed
Unreallsed
2,602
45,972
2.602
45,972
1 3.5581 1 3,5581
72,628
72,628
12,841
48.574
61,415
2,718
69,070
71,788
Rétonclllatlon of funds
Fund balances brought forward
at l January 2024
103,239
1,128,233 1,231,472
100,521
1,059,163
1,159,684
Fund balance earried forward
at 31 December 2024
116,080
1,176,807
1,292,887
103.239
1.128,233
1,231,472
Notes
All income and expenditure derlve from contlnulng activStle5.
The statement of fiTrancial attivities includes all gains and losse5 recognized durlnE the year.

THE HANDSWORTH CHARITY
BALANCE SHEET
31 DECEMBER 2Q24
2024
2023
Notes
FIXED ASSETS
Investments
1,148,501
1,130,683
CURRENT ASSETS
Cash at bank..
Royal Bank of Scotland- Deposlt Account
Royal Bank of Scotland- Current Account
119.924
500
98,636
5(KJ
DSvldends and uninvÈsted ¢ash held
by Investment Mana8ers
25,412
2,853
145,836
101,989
CURRENT LIABILITIES- omountsfulllng
due wlthln one year..
Sundry credltors
1,4501
1,2001
NET CURRENT ASSETS
144,386
100,789
TOTAL ASSETS LESS CURRENT LIABILITIES
1,292,887
1,231,472
FUNDS
Capit81 Funds Irestrlctedl..
Handsworth Charitv
Wllliam Stevenson Charity
18191
1,154,770
22,037
1,106.681
21,SS2
1,176,807
116,080
1,128,233
103,239
Income Fund lunrestrlctedl
18191
1,292,887
1,231,472
Theflnoncl(71sttitement5 on ptFges 5 to 11 were upproved by the Trustees
on
Marth 2025 ap)cl signed on their beholf bv
KEITH HEMMINGS
Chairman

THE HANDSWORTH CHARITY
NOTESTO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of a¢¢ountln8
The financial 5tatemefit5 have been prepared under the Charltles Act 2011, and in accordance wlth
countlng and Reporting by Ch3ritits.' Stotement of Recommended Pluctlce ISORPI and the Financlal
Reporting Stèndard 102 IFRS1021, also known a5 Charltles SORP IFR51021.
The Charity meets the definition of a publlc benefit entity under FRSIO2.
The flnanclal st8tem@nts havo also been prepared on 3 golng concern basls under the historical CDSt
eonventlon, as modlfled by the revaluation of certain investment a5set5, to show a true and fair view ol
the ChariM05 flnantlal posit60n.
The Tru5tee5 con5iderthe going contern basls to be valld because Do materlal uncertainties exlst.
Fund5
Unrestrlcted fund5 are available for use at the dlscretion ol the Trusiees in furtherance of the general
oblectlves of the Charlty, and whlch have not been designated lor other purposes.
Restricted funds are fvnds that are to be used In aCCOfd8ncewlth speclllc restrlction5 imposed by donors
or whlch have bèen ralsed by the Charity for partlcular purposes. The cost of raising and admlnisterlng
such funds are charged against the speclllc fund. The zlm and use cf tach resrrkted fund Is set out In ihe
notes to the flnanclal statement5.
Endowment funds represent those assets whlch must be held permanently by the Charlty, prlnclpallv
Investments. Ineome aiising on the endowment funds can be used In accordance wlth the objects of the
Charlty. and Is Included a5 unrÈstri¢ted Income. Any capltal galn5 Qr losses arlsln8 on the Investments
form part ol thefund. Investment management£h4rges and legal advlce relat1ng to the fund a￿ charEed
sainst the fund.
Investments
Investments are recogn15ed Inltlally at falr value whlch 5s normally the transactlon prlce. Sub5epuentlv,
they are measured at falr value wlth chanBes recognlsed a5 'net 8alnslllossesl on Investments, In the
Statement ol Flninclal Actlvltles ISOFAI. if the shares are publlclytraded ortheir falr value ¢the￿ISe
be tneasured reliably. Other Investments are meaSu￿d at C05t les5 Impairment.
Current asset 5nvestments ère short term hlghly 11qu￿ Investments and are held at lalr value. These
Include ¢a5h on deposlt and cash Èqulvalents wlth a maturlty ot le5$ th8n yèar.
Income recegnlllon
Income15 Included la the SOFA when thÈ Charlty becomes entitled to the resources, and the trustees a
reasonably certaln they wlll receSve the resource5.' and the Monetary value can be measured wlth
Idl
Expendltilfe recognltlon
Thi$ is recognised when a Ilabillty Is Incurred, or o ¢onstrurtlve obllgatlon arises, that results In the
payrnent being unavoidable. Liabilitie5 are recognised as 500n as an outflow of economlc beneflt Is
tonsidered more Ilkely than not underthe legal or Constructive Dbllgatlon comrnittin8 the Charlty to pay
out resources.
Slnce the tharlty Ss not VAT reg15tered, all Input VAT Is chaTged with the relevant expenses.
Grants
Grants made by the Charlty from It5 own funds are recognlsed in full at the time of agreement or when
the Charity accepts that there is a legal or operatlonal obligation to make the p3ympnt.
Debtors
Trade and othei debtors are recognlsed at the settlement amount. Prepayment5 are valued at the
arllount prepaid afterlaking Into aEcDunt HDV 5ettletnent discounts a¥ailab5e.
Creditors
Credltors are recD8ll15ed where the Charity has a present obligatlon resulting from a past eventthat wlll
probably result in a payment to a thlrd party and Whe￿ the amount of the obligation be measured
or estimated reliablv.
Taxation
The Charity is exemptfrom tsxation.

THE HANDSWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
continued
2024
2023
INVESTMENT INCOME
Dividend5 and bond income
COIF deposit Interest
Royal Bank of Scotland deposit interest
34,173
600
1,983
36,553
592
827
36,756
37,972
GRANTS
Blrmlngham Settlement
ChaTily Awards
Cranston
CrSsis UK
St Chad's Sanctuarv
Sl Mark's Community Hub
St Ma￿S Cholr
Sl Mary's Convent
St Mlchael's Church
St M1chael'5 Food Bank
Trldent Houslng
Prior year grants resclnded
3,000
1,500
3,000
1,150
250
4,000
3,000
5,000
500
4,600
4,830
soo
18,7201
3,610
19,900
TRUSTEES, REMUNERATION AND EXPENSES
No remuneratlon and expenses were pald to the Trustees durln8 the year.
EMPLOYEES
There were no full or part tirne employees durlng the year.
Ms Dipali Chandra Is Clerk to the Trustees. and she recelved an honorarlum of £8,80012023.. £4,800>
during the year.

TME HAND5WORTH CHARITY
NOTESTO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
continued
2024
2023
INVESTMEIITS
Cost..
At lJanuary 2024
Addltlgns
Cost of sales
822,478
72,506
19(>,2111
875,030
96.225
1148,7771
At 31 DeEernber 2024
804,773
822.478
SuTpIu5 on revaluatiofi..
At l January 2024
Valuatlon èdlustment
308,205
35,523
191,192
117,013
At 31 December 2024
343,728
308.205
Market valu• at 51 D¢¢omber 2024
1,148,501
1,130.683
Investment5 at falrvalue repre58nled:
Flxed Interest and equlvalent
Equltles
Unlt and Inve5trnentTrusts
Charltles Deposlt Fund
179,115
834,058
45,078
90,250
180,083
835,699
50,015
64,886
1,148,501
25,412
1,130,683
589
Cash not Invested
1,173,913
1,131,272
At 31 Oecernber ?024 the Charfty held the following Investments whlch Indlvldually represented In exces$ of S% of the total
value of the portfolio:
Charltles COIF deposit
JP Morg3n Glob31 Growth
Scott15h Mortgage
market value £68.210- 5.9%
market vèlue £72,500 * 6.3%
market value £60.153 R 5.2%
The falr value of Ilsted Investments Is shown 3t market value at the balance Sheet date.
All Investments a￿ carrled at thelr falr value. Investment In equit1e5 and fixed Interest securities are all traded In quoted
public markets, primarily the London Stock Exchange. Holdlngs In common investment lund5, unlt trusts and open-ended
Inve5trnent cornpanles are at the bid price. The basis ol fair value for quoted investments Is equivalent to the market value.
Asset sales and purchases are recoEnlsed at the date of trade at thelr transactlon values. The main risk to the Charity from
flnanclal Instruments lies in the comblnation of uncertain investrnent markets and volatility In yield. The Charlty is reliant on
dividend yield to finance its work. Llquldlty risk Is antlrlpated to be low 35 ?113s5ets are traded. The Charity's investments
are m8lnly traded In markets with good liquidity and high trading volumes. The CharSty has no material Snvestment holdings
In markets subject to exchange controls or tradlng re5triction5. The ChaTity rnanages these Investment risks by retaining
expert advlsors ènd operatin8 an investment policy that provides for a high degree of diversification of holdinES Wlthin
lftvesiment classes that are quoted on recognised stock exchanges. The Charity does not make use of derivatives and sirnilar
complex flnancial instruments. a5 It takes the view that investments are held for thelr longer term yleld. totèl return, and
hlstorlc studles of quoted financial instruments have showTr that volatility in any particular 5 year period wlll normally be
corrected.

THE HANDSWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
continuèd
2024
2D23
CURRENT LIABILITIES
Independent Examiner's fee accrued
PCC St Mary Handswc*rth
1,200
250
1,200
1,450
1.200
Hand5WOrth Stevenson
Capital
Capital Undistrlbuted
Fund
Fund
Income
Total
ANALYSIS OF ASSETS BETWEEN FUNDS
31 D8comber 2024
Llsted Inve5tment5
Uninvested cash
Cash at bank
Dlvldendg held by Investment Mana8er5
1,126,464
23.554
4,752
22,037
1,148,501
23,S54
120,424
1,858
115,672
1,858
1,154.770
22,D37
117,530
1,294,337
Less.. Current1Sabllitles
1,4501
1,4501
1,154,770
22,037
116,080
1,292,887
Handsworth Stevenson
Capltal
Capital Undistrlbuted
Fund
Fund
Income
Total
Listed investment5
Uninvested cash
Cash at bank
Dividend5 held by Investment Managers
1,044,245
589
61,847
21,552
64,886
1,130,683
589
99,136
2,264
37,289
2,264
1,106,681
21,552
104,439
1,232,672
Less.. Current IlabSlltles
1,2001
1,2001
1.106,681
21,552
103,239
1.231.472
io

THE HANDSWORTH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
continued
FUNDS
The Capital Funds represent those assets whlch must be held permanently by the Charity. Income
arlslng th2reon can be used in accordance with the objects of the Charity, and any undlstributed income
represents the Intome Fund.
io
RELATED PARTY TRANSACTIONS
There were no related party transaction5 during the year12023.. £NIII.
li