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2024-04-05-accounts

Private and Confidential

THE JESSIE SPENCER TRUST

Report to the Trustees

Year ended 5 April 2024

Prepared by Lemans on 21 August 2024

The Jessie Spencer Trust

Report to the Trustees 5 April 2024

CONTENTS

Page
1. Introduction 2
2. Audit and accounting issues identified at planning stage 3
3. Audit and accounting issues identified during the audit 5
4. Unadjusted/adjusted misstatements 6
5. Views on qualitative matters of accounting practices and financial reporting 7
6. Trustees’ representation letter 7
7. Significant observations in internal control 7
8. Significant findings from the audit 7
9. Uncertainties, risks, exposures, judgmental issues and going concern 8
10. Fees 8
11. Independence 8
Appendix – Letter of representation 9

This report has been prepared for the sole use of The Jessie Spencer Trust and must not be disclosed to any third party, or quoted or referred to, without our written consent. No responsibility is assumed to any other person in respect of this report.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

1. INTRODUCTION

This report summarises our key findings in connection with the audit of the financial statements of The Jessie Spencer Trust in respect of the period ended 5 April 2024.

Our audit procedures, which have been designed to enable us to express an opinion on the financial statements, have included an examination of the transactions and controls thereon of the charity.

The work we have done was not primarily directed towards identifying weaknesses in the charity’s accounting system, other than those that would affect our audit opinions, nor to the detection of fraud. We have, however, designed our audit procedures in such a way that we felt would increase our chance of detecting any fraud.

We have included in this report only those matters that have come to our attention as a result of our normal audit procedures and, consequently, our comments should not be regarded as a comprehensive record of all weaknesses that may exist or improvements that could be made.

It is considered good practice to inform you of any material misstatements within the financial statements presented for audit that have been discovered during the audit. Materiality is considered in relation to the value of the misstatement and also its context and nature.

A summary of adjusted and unadjusted misstatements identified during the audits has been prepared and is included in Section 4.

We would like to take this opportunity to thank Mr Thompson and the Trustees for their cooperation and assistance during the course of the audit.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

2. AUDIT AND ACCOUNTING ISSUES IDENTIFIED AT PLANNING STAGE

Management override of internal controls

Area of audit focus This risk is present in all audits and auditing standards require auditors to undertake specific procedures to address the risk.

Our approach Our planned audit procedures include:

Conclusion We have performed our work as planned; no significant issues have been noted.

Income recognition

Area of audit focus The auditor’s responsibility to consider fraud in an audit of financial statements means that there is an assumption that income recognition is a fraud risk. Income should be recognised when the conditions of recognition have been satisfied.

Our approach Our planned audit procedures include verifying the income systems to gain assurance over the operation of financial controls in place.

We have performed our work as planned and no material Conclusion errors relating to income recognition, whether fraud or error were noted.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

Related party transactions

Area of audit focus

We are required to consider if the disclosures in the financial statements concerning related party transactions are complete, adequate and in line with the requirements of the Charities Act 2011.

Our approach

Review of information held by the Charity Commission to ensure there are no potential related party transactions which have not been disclosed.

We have requested written management representations from you confirming the full disclosure of related party transactions.

Conclusion

A grant was made to Fundays In Nottinghamshire during the year.

Our audit work has provided assurance that the related party transactions disclosed in the financial statements are complete.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

3. AUDIT AND ACCOUNTING ISSUES IDENTIFIED DURING THE AUDIT

Realised gains and losses on investment disposals

Issue

Realised gains and losses on the disposal of investments are calculated as the difference between sales proceeds and their original cost.

Resolution

Although this is a departure from SORP 2019 the accounts disclose the Charity’s policy on such calculations.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

4. UNADJUSTED/ADJUSTED MISSTATEMENTS

A summary of the unadjusted/adjusted errors identified during the course of our work is set out below, analysed between errors of fact and differences in judgment. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Because of the test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, there is an unavoidable risk that some misstatements may remain undiscovered.

Profit Net Assets
Adjusted misstatements (£) (£)
Dr/(Cr) Dr/(Cr)
Transfer of income to capital (12,319) 12,319 Transfer in accordance with the
resolution dated 14 June 1991
Total (12,319) 12,319
Unadjusted misstatements
factual Dr/(Cr) Dr/(Cr)
Dividend settlement account 2,700 2,700 Dividends received by Barratt &
Cooke not paid over - 2024
Dividends settlement account (3,011) (3,011) Dividends received by Barratt &
Cooke notpaid over - 2023
Total (311) (311)
Unadjusted misstatements
judgmental Dr/(Cr) Dr/(Cr)
None noted - -
Total - -

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

5. VIEWS ON QUALITATIVE MATTERS OF ACCOUNTING PRACTICES AND FINANCIAL REPORTING

There are no qualitative matters of accounting practice we wish to report.

6. TRUSTEES’ REPRESENTATION LETTER

We have reviewed the representations made to us and can confirm that appropriate representations have been made to us.

7. SIGNIFICANT OBSERVATIONS IN INTERNAL CONTROL

We have not identified any significant observations on internal controls during the course of our audit work. This does not constitute a comprehensive statement that no issues may exist in internal controls or of all improvements which may be made. An audit is not designed to identify all matters that may be relevant to you and accordingly the audit does not ordinarily identify all such matters.

8. SIGNIFICANT FINDINGS FROM THE AUDIT

Accounting policies and estimates

All accounting policies and estimates have been considered in our audit and deemed to be appropriate to the financial statements of the entity.

Financial statement disclosures

During the course of our audit, we reviewed the adequacy of the disclosures contained within the financial statements and their compliance with both relevant accounting standards and the requirements of the Charities Act 2011. There were no significant matters found during the course of the audit.

Significant difficulties identified during the audit

There were no significant difficulties encountered during the course of our audit.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

9. UNCERTAINTIES, RISKS, EXPOSURES, JUDGMENTAL ISSUES AND GOING CONCERN

No significant uncertainties or risks were identified during the course of our work.

10. FEES

We confirm that the fees charged during the year in respect of services performed for The Jessie Spencer Trust are consistent with those provided in the accounts prepared by Mr J Thompson.

11. INDEPENDENCE

In accordance with International Standard on Auditing (UK) 260 'Communication with those charged with governance", there are no changes to the details of relationships between Lemans and The Jessie Spencer Trust.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

APPENDIX – LETTER OF REPRESENTATION

The Jessie Spencer Trust c/o 4 Walsingham Drive Corby Glen Grantham Lincolnshire NG33 4TA

Lemans Chartered Accountants 29 Arboretum Street Nottingham NG1 4JA

Dear Sirs,

The following representations are made on the basis of enquiries of the administrator and Trustees with relevant knowledge and experience such as we consider necessary in connection with your audit of the Charity’s financial statements for the year ended 5 April 2024. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

GENERAL

  1. We have fulfilled our responsibilities as Trustees as set out in the terms of your engagement letter dated 24 August 2023, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.

  2. All the transactions undertaken by the Charity have been properly reflected and recorded in the accounting records.

  3. All the accounting records have been made available to you for the purpose of your audit. We have provided you with unrestricted access to all appropriate persons within the Charity, and with all other records and related information requested.

  4. The financial statements are free of material misstatements, including omissions.

  5. We understand that, under the FRC Ethical Standard, the provision of audit and non-audit services to us by yourselves gives rise to a potential threat to independence. We confirm that you have explained to us the threats and that you have relied on the Provisions Available for Audits of Smaller Entities with regard to the potential self-review threat.

  6. We approve the adjustments made to the financial statements and disclosures therein.

INTERNAL CONTROL AND FRAUD

  1. We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud.

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The Jessie Spencer Trust

Report to the Trustees 5 April 2024

  1. There are no instances of known or suspected fraud affecting the entity involving management and Trustees who have a significant role in internal control or others that could have a material effect on the financial statements.

  2. There are no allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.

ASSETS AND LIABILITIES

  1. The Charity has satisfactory title to all assets and there are no liens or encumbrances on the Charity’s assets.

  2. All actual liabilities have been recorded as appropriate. There are no contingent liabilities and no guarantees have been given to third parties.

  3. We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.

ACCOUNTING ESTIMATES

  1. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

LEGAL CLAIMS

  1. There are no claims in connection with litigation that have been or are expected to be received.

LAWS AND REGULATIONS

  1. There are no known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

RELATED PARTIES

  1. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

SUBSEQUENT EVENTS

  1. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

GOING CONCERN

  1. We believe that the Charity's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the Charity's needs. We also confirm our plans for future action required to enable the Charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the Charity's ability to continue as a going concern need to be made in the financial statements.

Yours faithfully

................................................................... ................................................................... Date

Signed on behalf of the board of Trustees

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THE JESSIE SPEf4CER TRCST ANNUAL REPORT YEAR ENDED 5 APRIL 2024 Charkty No . 219289

THE JESSIE SPENCER TRUST ANNUAL REPORT YEAR EP4DED 5 APRIL 2024 CONTENTS PARTICULARS OF TRUST EPORT OF 'fHE TRUSTEES INDEPENDLNT AUDITOR-S REPORT INCOME ACCOUNT s'rATEMENT OF FtNANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS 10- 11 INVbSTMENTS 12 CHARITABLE GRANTS AND DONATIONS 13-15 PERCEwfAGE YIELDS 16- 17

THE JESSIE SPENCER TRUST PARTICiiLARS OF TRL'ST TRUSTEES Mr D VI Wild Mr A D R Tiplad> MrsHALee Dr S Krishan2nd Mr P J Ellis SET'fLOR The latc Je&sie S￿nCer, OBE DATE OF DF.ED 26 November 1962 OBJEcrs The Trustees lo apply incotne (and capital of the Trust Fund whenever they think fit) for su¢h charitable purtN)se or purtx)w or in the furtherancc of any such charitable object or ObJ￿ts as they shall in their absolute discretioD from time to timc tlvnk fit. PIiINCIPAL ADDRESS clo 4 Walsingbam Drive Corby Glen Granihwn Lintolnshire NG33 4TA VES'I"MENT MANAGEMENT Barr￿1 & Cix)ke i Opie Street Norwich NRI 3DW AUDITORS Leman5 Chartered Certified Accountsnts 29 ArboTe(um Street Nottingham NGI 4JA

THE JESStE SPF.NC.ER TRUST REPORT OF THE TRUSTEF.S YF.AR EliDED 4 APRIL 2024 FiMan¢ig1 Statsments The Tru5t¢es present their report audited financial statements of the Charity for Ihe ycar ended 5 April 2￿4. fft Trusteos have adopied ihe provisions of the Statcmeni of Recommend¢d Practice (SORP) 'Accounting and lieporting by Charities. in r￿Irtg the annual rewrt and fmancial statcments of the Charity.. Th¢ financial stdtements have been prepdred in accordanre ￿1th the accounting policies set out in the notes to th¢ accounts and compl) with the Chatity's governing documenL the Charities Act 2011 Émd Accounting and Reporting by Chariti&s: Siatemeni of Rccommended Practice applicable to Charities preparing their ac¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Structure Governance and Mallagemettt The Charity w&8 created by a Trust De￿ dthd 26 NovembeT 1962 which direLts ihat the Trnst Funds should be used for such chaTitable Purpo￿ as the Truste￿. in their absolute diSLretlo￿ consider fit. New trustees are appointed by and with the agreemeni of thc continuing Trustees iJJ their absolute discretion. Objectives aDd Activities The sol¢ objective and activity is ihe giving of grants. The Trl￿s￿es hai'e had due regard to the guidaDc£ wblished by The CliaritTr' Commission on publi¢ tencfit when reviewing the Charity's aims and objeclii'es and In planning fuiure aetiviries. Acknievements and PerformgDee Th¢ income of the TrLLsi during the year amount&J to £140.778 (2023: £1410.353). During the year the Tnjstccs awarded grdnts to insiituiions and illdividuals amounting to £104,900 (2023.. £129,] iO)- A t.ull breakdowm can be found on pages l) to 15. Th¢ net assets of the Trust atDounted to £5.378.249 (2023= £5,154295) at the y¢ar end. Financial Review The Truslees re5¢rves ￿)I1¢Y is to achievt a 7£ro balance on the income accounL A trdnsfer of l(P/o of ihe income less ex￿SeS is made from the income to the capitsl tund each year with a view lo cnsuring Ihal the value of the capiial fund increase5 by more than the level of inflation. Tbi5 policy wa5 introduced by a resolulion of the Trust￿ dated 14 Jwie 1991. The Trust Deed gives the Trustces the wwer to make investments as they think fit and ai their absolute discretion. None ot the Trusttts Teceived any rnnuneration for their service5 or reiTni￿rsern¢rtt of expenses.

THE JESSIE SPENCER TRUST REPORT OF THE TRUSTEES YEAR E.DED 5 APRIL 2024 Risk MaDagemeat ll)e TNstees have considered the major risks io ivhith the Charity is exposed, h2ve reviewed these risks and have established $Y￿eMS and Ero¢edures to TnaNage them. The Tisk management Strategy is reviow¢d ann¥Jally. Related Partie5 Mr D W Wil(L on¢ of the Trnsttt& is also a ttuslee of Fundays in Nottinghamshi￿. A grant of £5.000 was made during the year l?023 - £5.(M)O). Responsibilities ofthe members of ¢he Trwlees in relation to tkne financial statements The Trnstees are responsible for preparing Ihe awiual rerM)n and the financial statements in ac¢ordan¢e with applicable law and United KiugdoJn AccA)untints Sthndards (United Kingdom Generally Accepted Accout7ting PractiLYI. Law applicable to charnies in England and Walcs requires the Tru5tecs to prepare fin8￿cial statements for each financial year ivhich oive a ￿ and fair viwv of the state of affairs of the Charity and of the inco]￿Ing resi)urces and appliotion of resource5 of the Charity for (har period. In preparing these financial statemellÉs. the Tnjslees arerequired to: select 5uilable accounting rK)licie5 and then apply theED con515tently" observe the methods and principles in the Chariiies SORP 2019 (FRS 10?}" make judgements and eSti￿ateS that are re&50nable and prudent; 51ate whether applicable accounling standards have been followed. subject to any material departures di%losed and explained in ihe financial sratements- and prepare the Iinancial ￿llteMefits on Éhe goin(F concem b&8is unless it is inappropri8ie io presume thai the Char￿Y will continue in opwation. The Trustees are res￿nsible for keeping pro￿ ac¢ountiFtg records that disclose wÈth Teasonable aecuraey at any time the rjr￿nClal Fosition of the ChariW and enable t￿M to ensure that rhe fiiiancial staÈement5 comply with the Chartiies Act 2011, the Chariiies {Ac¢ounts and Rcwrts} Regulation$ 2008 and il]e proV￿510n$ of the Trust Deed. They are also responsible for sar￿Uarding the agts of the Charity and hence for taking tusonable steps for the preventim and detection of fiaud and oiher inEoulariiies. Thi5 report was approved bv the Tntytees on 8 ' Oc 2 .}LLk',Xd DWWILD behalf of the Trustee5

JNDEPENDENT AUDfTOR'S REPORT TO THE TRUSTEES OF THE JE￿1￿ SPENCER TRDST Opinion We have alldiled the financiol statemcnts of The Jessie Spencer Trust for the year ended 5 April 2024. which comprise the inrome aceount, siatement of financial aciivities. balance sheet and notes 10 the financial stiitements, including a swnmary of significant accounting p)licio8. The f￿￿ncIal reFM)rting framework that has been applied in their preparation is applicable law and Uniied Kingdom Accounting Stsndard5, including Financial Reporting Standard 102 Th¢ Financial Reportinq Standard applicable in the UK and Republic of Ireland {United Kingdo Generally Accepted Accounting PrdCti¢e). In our opinion the financial statements-. give a true and fair view of th¢ state of the Charity's affairs as at 5 April 2024. and of its incoming resource5 and application of resource& including income and exrenditure for th¢ year then eThded; have been properly prepared in accordance with United Kingdom Gcnerally Accepted A¢counting Practice; and have been prcp8red in accordance with thc requirements of the Ch￿ltieS Act 2011. Basis for oplnion We ¢onductcd our aiidil in accordance with Intemaiional Standard5 on Auditino (UK) (ISA5 WK)) and dpplicable la￿,. Our responsibilities under those standards are further described in the Audiior's r￿ponsIbilitIeS for the audit of th¢ financial statements section of our report. We are inde￿ndent of the Charity in accordance with th¢ ethical requirements that are relevanr to our audil of th¢ financial statements in the UK. including the FRC'S Ethical Standard. and we have tulfilled our other ethÉcal responsibilities in accordance M'ith theK requiretn¢nts. ￿e believe thai Ihe audit etridence we h&￿t obtdined is sufficient and appropriat¢ to provide a basis for our opinion. CoDclusions relating to going ¢oncern In auditing the financia] stsiement& wc have cOncl￿ed that Tn]sÈees' w OF￿ going corK¢m basis of accounling in the txeFwation of the financiaj ststemcnts is apFTopriate. B&s¢d on the wod( we have ￿ ie have not idenufi¢JJ art￿ marial U￿£￿aInti& relainglo events or conditions thaL individually or colleLtively. may c&si significant (knutrt on Charity's ability to Lontinue a going concern for a period of least twelve months from wlkn the financial statemenFS alr aUdK}ri￿ for i&sue. Our reswE]sibiliÉi& and the wnsibtlilies of T￿￿ With TesW to going concan are describ&J in the relcvant sections ot this report. Other iDformtio The Trustees ar£ Teswnsible for thc other infonnation. The other information comprises the infonnation included in thc Trustees, anniial report, oth¢r than the. financi￿ slalements and our auditor's ￿port Éhcreon. Our opinion on the financi￿ stalemcnts d(￿9 not cover the oihcr information and, e.xcepl 10 the e_xrent othenvise expliciily sthted in our report, do not express any fonn of assurance conclusion thereoll. Ow tEstK)nsibiiity is lo re&{ the o11￿ infOrm￿lon atml in doing w. covtsider whdher the other infonnation is mkneriajly iriconsistent Nvith the f￿￿la1 stateTnents or our knowledge olxakn¢)J in tl)e cout of ts audit or ￿￿erwiSe appea￿ lo materiallv misstated. If we i(kntity such mat•iai iTKortsis[e￿T￿q or apphgTWIt Tnaterial mis5tatetnent4 we are Nuired to dctemiine whcther thig gives iise to a marthal missraiement in financial statemenls then￿1Ve1. If, lth on the WQEk we have Fcrfomiei wc CO￿￿￿ thd( thue is a materiai mi&8ithncnt of this inf(hrn￿tio[¥ we are required ts report that W¢ have T￿thing to TfFX)rt in this regard.

IFDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JESSIE SPENCER TR￿ST Matters whicb we are required to report by eiception We have nothing to rewrt in restttt of the following mailer5 in relation to which the Charities {Accounts and Reports) Regulations 2(H)8 require to report to you if. in our opinion: the intormation given in the fiTwKial stafrM￿ts ￿ inwt6isteth in any [T￿la7 Ersp￿t with the Tn￿¢¢5 r￿￿TL or the Charity niA kern adeqiL rntingTccAKd&" or the fllmncial stateM￿ts ate not in ￿$th the accountsn4 ￿)rdS aEMI tEtyrns; or ve hai'e not receivcd ail the inforniati(HJ a￿1 explanations we Tequire forouraudiL Responsibiliti£s of ruste£ As oxplained moEe fulty" in the TrWst￿, re51K￿￿1 ilities sratement set i)ut on page 3, the "fru5tees are respx)n5ible for the preparation of11￿ financial statements gnd forlKiDg satisfiL¥J that tlTh' gkve a and fair view. and forsuch internJl cortrol as the Trustees determi￿ is n¢ccssaTr' to a]able the twion of lu)artial ststements that are free from material MISSts￿nenL Wtther (tue to fraud orerjvr. In prq)arin¥ the financial $12tanents. the Tr￿t￿$ a￿ T¢SP)nsible asse￿ing ￿ Cl￿rity'S ability Io LM)ntinue as a going conLery disclosin& as aFplicable, m￿t[S related kn going conLern aThl llsing the going toncem Iksis of a¢courting unless the TrtWeLs cither inte￿1 to liquidate the ChaTity 0￿13150T￿% or have no realistic altcjutive butto do 50. Auditor's responsibilities for tbe audit of the fin3Dcial statemeDts We have been apwpinted &8 auditor Emder s¢Ction 145 of the Charities Act 2011 and report in a¢cordance with gulations made Lmder section 154 of that Aa. Our objectives are to obtain rfasonable assurance alN)ut whether th¢ financial Suiements as & whole are free from material misstatement, wh¢ther due lo fraud or etTor. and to issue an auditor s FetN)rt that includes our opinkon. Reasonable assurnnce is a high level of assurance. but is not a guarantee that an audit conducled in accordance ivith ISAS (LIK) will always detect a Traterial misstal¢ment when li exists. MI￿tatemen15 ¢an arise fmm fraud or error and are ¢onsid¢red material if, individually or in the aggregate: thev could reasonably be expected to influence the economic dccisions olusers taken on the basis of these fuwicial statements. Irregularities, including fraud, are instances of non-compliance Thith laws and regulations. We design proccdures in line wilh our r¢sponsibilities, outlined above, to deiecl material misststements reS￿t of irregulariti¢s, including fraud. Th¢ specitic procedures for this engagement and th¢ extent to which these are capable of detecting 6tregularities, including traud is dtriailcd ￿lOw= Excrcise prof¢ssional judgment and mainlaxn professional scepticism throughout the planning and perlormance of the audit Identify and assess the risks of wnaterial misstatem¢nt of the financial stat¢ments. M,hether due to fraud or em)r. dtsign and wfom audit pr(ttdures responsive to those risks, and obtaiii audit evidence that is suifickenl and appropriate to prowide a basis for our opinion; Obtain an understanding of the internal control rel¢vant to the audit in ordcr to design audit procedures that are appropriate in the c7￿u￿5tances. but not for the purposc ol expressing an opinion on the etTectivcness of the Charity"s intertEal control. Evaluate the appropriatencss of accounting wlicies used and the rcasonableDess of a¢counting estimates and related dis¢losur¢s made by management. Make enquiries of management and those charged with governance of any instances of non- compliance ￿lth laws and ￿gulationS and of any atTh￿l and tx)tentia] litigatton and claims:

IIYDEPENDENT AUDITOR'S REPORT TO THE TRUSTELS OF THE JESSIE SPENCER TRusr Review financial ststemeni disclosutes to Sup￿rting documenration to asses5 Cotnpliance wth applicabl¢ laws and regulations. B¢cause ol the inhereDi liinitatlons of an audiL theT¢ is a risk thai we will not det&1 all irregularities: including those leading to i inateri81 missthtement in the financial staterntnts or non-COTnplianee with regulation. This risk increaseg the morc that cornpliance with a law OT Eegulation is reffloved from the events and transact10115 IEfleded in the financial siatements. &8 we will less likely to become aware of in¥ances of non4ompli8nce. The risk is also greaier rewding iTrtgularilies (￿ur[ing due to fixud rather than error, as fraud involw¢s intentional c4)ncealrnenL for¥ery, collusion, omission or misrepresentslion. A further description of our resp)fJ5ibilities 15 available on the FRC'S website at.. ,'Iiiljl-:L%-T(> This description fornis part of our auditor's report. Use of our reporl This report is made solely to the Clwity's T￿￿tee$, as a txxly.. ITh accordan￿ with Part 4 of th¢ Chariiie5 (Aceounts and Replirtsl Regulations 2008. (h]r audit work has l*en undertaken so that we Tnight state to ttle Charity-s Trnstees tliose matter5 we are required to state lo dieni in an auditor s rewrt al￿ for no (Jther PUTPO.8e. To the full ektcnt pennitted b). law, we do not accept OT assuTne responsibTlity io anyone oiher than the Ch2rity and the Charity's Twstees as a Ethy. for our audit work. for this re[￿. or for th¢ opinions w¢ have fjorm￿. nqoK5 20?4 Lemans Siatutory Auditor Chartered Cerfified AccountaE]ts and Regiwed Allditors 29 Arboreium Stieet Nottingham NG14JA Lempns is eligible to act &8 aJJ auditor in ierms of section 1212 of th¢ C(¥npanies Act 2(M)6.

THE JF..SStE SPENCER TRUST II%COME ACC.ouwr YEAR ENJ)ED S APRIL 2024 2024 2023 INCOME FROM: INVESTMEf4TS 138,003 139,737 GROSS INCOME FROM MONEY OP4 DEPOSIT NatiOF)al Westminstcr Bank PLC 1.240 521 Barclays Bank Pl.C 95 Barratt & Cooke lJ35 140,778 140,353 LESS: TRUST EXPEP4SES Professiona] and adminisirdtive charges 13.919 12.382 Auditor's fees 15.880 BALANCE OF INCOME FOR THE YEAR 123.189 124,473 Transfer lo TTh￿l Capital being Iif/D of Annual Trust Income in a¢eordance with th¢ resolution of the Trustees dated 14 June 1991 10.870 112.026 APPROPRIATIONS Charltsble grants and donations (Pages 13- 15) 129150 (DEFJCITYSURPLUS FOR THE YEAR UNAPPROPRIATED (DEFICITYSIIRPLUS BROUGHT FORWARD 5,970 {17,124) VNAPPROPRIATED (DEFicrr) CARRIED FORWARD

THE JESSIE SPF.YCER TRL:ST STATEMENT OF FIryAliCIAL AC.TIVITIES YEAR ENDED 5 APIUL 2024 Income UTurstricted rund Capital Fund 2024 2024 Tolal 2024 Total 2023 Income from: Investment incomc 138.003 138,003 139,737 Interesl received 616 Total iTh¢ome 140.T18 140,778 140,353 ExpeTrditllre: Charitsblc activities Grants and donations 104. 104,900 129,150 Managern¢nt and admin ot charity 15.880 Total expenditure 122,489 122,489 145,030 Net g&iT)￿{lo￿￿e$) on inv¢stynents 205.665 205.665 {405,091) Net IDeomeJ(Exptnditurel 18289 205,665 223,954 (409,768) Transfer between fuDds et funds 5.970 217,9S4 223.954 (409,768) Fund balanc¢s brought foTward 3 197948 15429S 5 564.063 Fund balgDces urried fonvard

THE JESSIE SPENCER TRusr BALANCF. SHEET 5 APRIL 2024 2024 2023 FIXED ASSETS Listtd inyestsnenis (page 12) 5298.096 4.￿5.910 CURRENT ASSETS Bank accounts Prepavments 153.813 251,110 775 CURRENT LIABILITIES Accrnals- Payable within one year 3.51K) NET CUKRENT ASSETS NET ASSETS 248 385 378. L4 FUNDS CAPITAL FUND (unrestricred} INCOME FUND {unrestricted) 5.415,9J2 5,197.948 behalf by.. DWWILD A D R TIPLADY

THI JESSIE SPENC.F.R TRUST NOTES TO THE .4CCOLIPiTS YEAR E￿￿ED S APRIL 2024 STATEMENT OF ACCOUNTING POLICIES CONSTITUTIO The TTr￿1 is adTY]inistered under the lerms of the Trusi tked. BASIS OF PRKPARATIOli OF FINANCIAL STATE,MENTS Basis of preparing the fiDanci21 statements and a&qessment of going coneerD The Charit) constilutes a public benefit entity as defined by FRSIO2. The finttncial statements have prepared in accordance ￿1th Accounting and Rewrting by Charitics: Statement of Recommended Practicc applicable to Chhriries preparing their accounLS in dLcorddnce with the Finkncial RC￿rting SiJndard applicabl¢ in thc UK and Republic of Ireland issued in (ktob¢r 2019, th¢ Financia] ReTX)rting Standdid applicable in the tinited Kingdom and Republic of Ir¢land (FRSIO?}. the Charities Act 2011 and UK Generally Accepted Practice. rhe financial statements have been prepared to give a 'trne and fair view and hay¢ departed from rlie Charilies (Accounts and Reports) Regulaiions 2008 only to the extent r￿li[￿d to profvide a -true and fair view.. This departure has Invol￿e￿ t"ollO￿l￿g the Accounting and Reporting by Charities- Svdtement of Recornmended Prdcticc applicabl¢ to Charities preparing iheir accounts in accordance with the Financial Re]K)rting Standard applicable in thc UK 2nd Republic of Ireland issued i October 2019 rather than the AccoiintiDg and Rep(Trrting bv Cl)arÉtics: Statrment of Recommended Practice effective froln l April 200) which has since ￿en withdraw￿. The finanrial statements have been prepared on a gOI￿g concern basis under Ih¢ historical cost convention. modified to iTkclude certain items at fair valuc. The finallcial stalements yre presented in sterling ￿.hICh is the functional CUTrenrv of the Charity and Tounded io the nearest tN)un The Trustees consider that there aye no material unccrtainties alK>ut the Charity's ability io continue as a going conc¢Tn. Th¢ significant accounting policies applied in ihe preparntion of these Iinancial %tstemeDts k]re s out Ixlow. These pilicies have t*en con5isiently IN)plied ¢0 all years presented unl¢ss otherwise stated.

THE JESSIE SPENCER TRUST NOTES TO THE ACCOUNTS YF.AR Ehl>ED 5 APRIL 2024 INCOME All income is included in ihe stalcment of financial actil'ities when the Charity is lega]ly entit]ed to the kncome, the aTllOUllt can bc measured reliably and it is probable that thc income wtll be received. F,XPENDITURE All expeEMliture is accounted for on an accruals IMsi5. Irrecovelable VAT is chatged as an expense agatnsÉ the aciivily for which expenditllre arose. Grants payablc to third parties are within ihe charitable obje£lives. Vthete uncondit10Tu￿ grants otTere(L this is accrued as soon as ihe recipienl is notified of the grdnl. INVESTMENTS Inv￿t￿ellts are initially rcrugDised at C05t subsequendy at fair value (maTket value) at ihe balance sheet date. The %tatemeni of Finiincial A¢iiNitffi&s includ& the net gains and losses arising on revaludtions and disposals throughout the )'ear. Eiealised gains and Ioss¢5 on investments are calculaied as the diiTcrence ktween sales pr(￿eedS and their original cost. Realised and unrealised investmenl gain5 2nd losses are combined in the Stktemenl of Financial Activities. Pn)fit on 5a]c of investments is CFdited io the Trust Capital accounL Fur*DS Unrestrici¢d funds can be used accordance with the charitable Objectiv￿ ai the discretion of the Trustees. General funds repr￿nt thc fund5 of the Chwiry th& are not subject to any restrictions regarding their use and ar¢ available for application on the general purpose5 ofthe Charity. Funds desi￿ated for a particular puq)ose bj the Clthrity also UFhrestricted. CASH AT BANK The Charity holds suifi¢ient funds in Order io met its short-wm c&sh commitments as they fall due. CREDrroRS Cr¢ditors payable in one year are recorded at the transadion price.

THE JESSIE SPF.NC.F.R TRUST It4VESTMLtIYS YEAR ENDED 5 APIUL 2024 IPVESTMENTS lall li￿ed) Fair v4]ue Investments ai 6 April ?023 4.030,782 4.905,910 Addiiions 1.232 497 123? 497 Disposals 055.760 1.102836 Net gain on Tcvaluation 192,i25 Investmcnts at 5 April ?024 4207.519 5228,096 Rcalised gains Unrealised gains 60.215 145,450 13.140 192,525 Net gains on investments 205.665 205,665 AUDITOR'S REMUNERATIOI¥4 2024 2023 AILdit fee TRUSTEES, REMUNERATION AI¥D BENEFITS Ther¢ was no Trustees, remunerntiijn or other iEn¥fits for ihe J'&qr ended 5 April 204 nor for the year ended 5 April 2023. No Trustee rcreived reiJnbursed eX￿[L￿e5 during the yw ended 5 April 2024 nor for the year ended 5 April .023. RELATED PARTIES Mr D W Wild. one of rhe Tn]slee& is (Ilso a truslee of Fundays In Nottinghamshire. A grant of £5,000 was tnade during ihe ye3r12023 - £5.(M)O). -12-

TIIE JE&SIE SPF.NCER TRUST CHARITABLE GRAfiTS ASD DO*ATIONS YEAR EhTED 5 APRIL 2024 Arts Dr Martin Clarke Young Organ Scholars Trust Focus on Ytsung People in Bassetiaw Hothouse Theatre Koestler Arts sts￿ in the Community CIC Total Insighi Theatr¢ 500 500 1,000 500 S(N) 500 Total for- Arts Churcho Mdn5fi¢ld Road Baplisi Church Nottingliamshire Historic Churche5 TTUSt St Mtwy's Church Arnold St Margaret's Church Aspley The Parish 01-Nottingham St Peter and All Saints I,0( 3,0(X) 1.000 (500} 500 Totsl for- Churches Educatio Criminon UK Portland Charity Speech and Language UK 'l-he Reading List Foundation 1,000 1,000 550 Totsl for- Education Envirollment Nottii)gh#m Wildlife Tmst I,oox) Total for- EDvir(>nment ET-Serviees BliDd Veterans Combdi SLrtss RAF Bcnevolent Fund SSAFA The Armed Forces Charity Walking Wilh The WoundeA 1,000 1.000 500 1,000 1,000 Total lor- Ex-Service8 MedieaVDisableil Asthma Kelief B¢aumoiid House Hosplce Care British Disabled Anglinq Association British Epilepsy Association Children with Cystic Fibn)si5 Drvdm Holidays Cope Children s Trust (Rainbows Hospice for Children} Crackerjacks Childrni's Tnjsl Deafblind UK Douglas Bader Foundation Fundays in Nottingham 500 I,ooo I.ocM) 500 4.500 850 1,000 1,000 5,000 13-

THE JESStE SPENCF.R TRUST CHARrrABLE GRAjTS AP*D DONATIONS YEAR ENDF.D S APRIL 2024 Happy Days Children's Charity Headwav N￿tingharn Lennc>x Children's Cancer Fund Lincolnshire and Nottinghamshire Air Ambujance Listening Book5 Macmillan Cancer SEUX)rt MACS MEDF.QUIP4KIDS 1,000 1,000 i.(M)o 500 i.0(￿) 5,OQlO 1.000 1.000 1.000 1.000 5,000 5,(K)O 5,000 1.000 1,000 500 1.000 1,000 I,o(y) 5(X) 1,000 1.000 Motor Nleurone Disease As50ciatio Newlif¢- The Charity for Disabled Children Nottinghamshire Deaf Society Nottinghamshire Hospice Fqottiii¥hamshire Royal Society for the Blind Reach Leaming Disability React Shin¢ spinal Injuries Association Spinal Muscular Atrophy UK Teenage Cancci Trust The D)'stoDia Society We51 Aiea Project Whi72 Kidz Total for- Medieal l Disabled Communitv Welfare A.shfield Home Safet> Project B Toxiowe Women 5 Project Bulwell Forest CJarden Children's Bereavement Centre Cornwater Evergreens Cruse Bereavement SupFK>rt Nottinghamshire Emmanucl House Supw¥rt Cent FraTnework Housing Association Friary Drop-in Ltd 500 1,000 I,o(xi 51M) 500 1,000 5,000 500 1,000 1.0 I,O(K) 1,000 500 1,000 1,000 5,000 500 I,(K>O 500 1.000 1.000 1,000 500 1.0 1,0 I,oox) Improving Lives Notts Lord"s Tav¢Tners MHA Communities East Nottinghamshire Mis B A Hancock New Bridgc Foundation Notiingham & Nottinghamshire Refugee Fonmn Notts County FoundatÈon Open Homes NottinJo ]am Royal Voluntary Service Samaritans STAA Siipport through Court The Friendl) Bench CIC The NottinghaTll Arimathea TnLSt The Respite A8sociatioll The Sick Children's Trust Totsl for- Welfare -14-

THE JESSIE SPF.NCER I"RIISJ CHAtUT ABLE GRAI%TS DONATIONS YE.4R E%DED 5 APRII. 2024 Groups/Clubs l., Shttlford & East Brid￿0rd Scout Group NottIng￿haMShlre Club for Young People The GuÉde Assoctation NottinghaJnshire Elton YMCA Robin HIM)d Group 50 1.000 1.000 1.000 Total for- Groutxslclubs Other Green s Windtnill Trust Community Accounting Plus 1.000 I.ooD Total for- Other Total -15-

THW..IESSIE SPEh'CER TRIIST PERCENTAGE YIELDS Mark value of investments Gross income for FV Value all sliares Cost of InvestTn¢nts Yield on cost /0 Yield on value Year 1985 409,170 885.714 51.263 12.53 5.79 4.5) 1986 503,032 1.208,606 53.368 10.61 4.42 4.73 1987 510.580 .341,747 64.792 12.69 4.82 3.47 1988 558,363 1.191.139 71.734 12.85 6.02 4.28 1989 603,737 1,413,883 76.415 12.&5 4.55 1990 745.968 1,444.563 77.993 10.46 5.40 4.85 1991 857,803 1.635,278 93,135 10.87 5.69 4.82 1992 972,086 1.564,402 97.863 10.07 6_26 5.19 1993 1,014.848 1.767,373 98.330 9.69 5.56 4.47 1994 1.048,726 1098.697 91.586 8.73 4.36 3.69 1995 1,171.182 1,931.835 95.287 8.14 4.93 4.32 1996 .180,834 2.168.424 98.822 8.37 4.56 4.05 1997 l J43,514 2.360,495 107,331 4.57 3.69 1.432,953 3,067.804 8.54 2.75 1999 I,563,￿)1 3.093,786 116,690 7.46 3.77 2000 1,590,888 2.955.949 141,185 8.87 4.77 2.11 2001 1,669,991 3.029.115 133.261 7.98 4.39 2.54 21M)2 1.969,786 3.031,456 126.669 6.43 4.18 2.68 2003 2,030.3 2,390,973 127.375 6.ti7 5.33 3.73 2.084,659 2.745,765 130.315 6.25 4.75 3.08 2(KJ5 2,1 i2,630 3,035,915 117.296 5.50 3.86 3.10 2006 2.456,981 3,607.260 137.412 5.59 3.81 2(K)7 2.516.964 3,675.512 134.785 5.36 3.67 2.83

THF. JESSIE SPENCER TRUST PERCETrTAGE YIELDS Gr05$ income FTO/o Value all shares Cost of investments at5A ril value of investments for /0 Yield Yo Yield on value Year the 2(K18 2.634,385 3,410.728 142,513 5.41 4.18 3.58 2009 2,368.534 2,492.270 147,549 6.23 4.18 2010 2,672.399 3.)7&623 128,020 4.79 3.79 2.58 2011 2.660,213 3.473,696 123.712 4.65 3.56 2.81 2012 2,820,885 3.554.330 132.663 4.70 3.73 3.80 2013 2.981.361 3.952.274 141.588 4.75 3.58 3.2) 2014 3,127.567 4.036,795 141.543 4.53 3.51 201S 3.166,645 4,086,471 153,665 4.85 3.76 3.43 2016 3.402.748 4.043.553 151,362 4.45 3.74 3.29 2017 3,)74,326 4,5{￿,015 156.218 4.63 3.47 3.16 2018 ).561.226 4.390,019 161.156 4.53 3.67 3.30 2019 3.739,508 4,678.634 168.169 4.50 3.59 3.81 2020 3.597.9J3 3.978.209 157,204 4.37 3.95 3.98 3,713,317 4.822,646 2.72 2022 3,903.01) 5,313.159 163,974 4.20 3.09 2023 4_030.782 4.905,910 139,737 3.47 2.85 3.13 2024 4.207,519 5228.096 138.W3 3.28 3.25 -17-

THE JESSIE SPEf4CER TRCST ANNUAL REPORT YEAR ENDED 5 APRIL 2024 Charkty No . 219289

THE JESSIE SPENCER TRUST ANNUAL REPORT YEAR EP4DED 5 APRIL 2024 CONTENTS PARTICULARS OF TRUST EPORT OF 'fHE TRUSTEES INDEPENDLNT AUDITOR-S REPORT INCOME ACCOUNT s'rATEMENT OF FtNANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS 10- 11 INVbSTMENTS 12 CHARITABLE GRANTS AND DONATIONS 13-15 PERCEwfAGE YIELDS 16- 17

THE JESSIE SPENCER TRUST PARTICiiLARS OF TRL'ST TRUSTEES Mr D VI Wild Mr A D R Tiplad> MrsHALee Dr S Krishan2nd Mr P J Ellis SET'fLOR The latc Je&sie S￿nCer, OBE DATE OF DF.ED 26 November 1962 OBJEcrs The Trustees lo apply incotne (and capital of the Trust Fund whenever they think fit) for su¢h charitable purtN)se or purtx)w or in the furtherancc of any such charitable object or ObJ￿ts as they shall in their absolute discretioD from time to timc tlvnk fit. PIiINCIPAL ADDRESS clo 4 Walsingbam Drive Corby Glen Granihwn Lintolnshire NG33 4TA VES'I"MENT MANAGEMENT Barr￿1 & Cix)ke i Opie Street Norwich NRI 3DW AUDITORS Leman5 Chartered Certified Accountsnts 29 ArboTe(um Street Nottingham NGI 4JA

THE JESStE SPF.NC.ER TRUST REPORT OF THE TRUSTEF.S YF.AR EliDED 4 APRIL 2024 FiMan¢ig1 Statsments The Tru5t¢es present their report audited financial statements of the Charity for Ihe ycar ended 5 April 2￿4. fft Trusteos have adopied ihe provisions of the Statcmeni of Recommend¢d Practice (SORP) 'Accounting and lieporting by Charities. in r￿Irtg the annual rewrt and fmancial statcments of the Charity.. Th¢ financial stdtements have been prepdred in accordanre ￿1th the accounting policies set out in the notes to th¢ accounts and compl) with the Chatity's governing documenL the Charities Act 2011 Émd Accounting and Reporting by Chariti&s: Siatemeni of Rccommended Practice applicable to Charities preparing their ac¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Structure Governance and Mallagemettt The Charity w&8 created by a Trust De￿ dthd 26 NovembeT 1962 which direLts ihat the Trnst Funds should be used for such chaTitable Purpo￿ as the Truste￿. in their absolute diSLretlo￿ consider fit. New trustees are appointed by and with the agreemeni of thc continuing Trustees iJJ their absolute discretion. Objectives aDd Activities The sol¢ objective and activity is ihe giving of grants. The Trl￿s￿es hai'e had due regard to the guidaDc£ wblished by The CliaritTr' Commission on publi¢ tencfit when reviewing the Charity's aims and objeclii'es and In planning fuiure aetiviries. Acknievements and PerformgDee Th¢ income of the TrLLsi during the year amount&J to £140.778 (2023: £1410.353). During the year the Tnjstccs awarded grdnts to insiituiions and illdividuals amounting to £104,900 (2023.. £129,] iO)- A t.ull breakdowm can be found on pages l) to 15. Th¢ net assets of the Trust atDounted to £5.378.249 (2023= £5,154295) at the y¢ar end. Financial Review The Truslees re5¢rves ￿)I1¢Y is to achievt a 7£ro balance on the income accounL A trdnsfer of l(P/o of ihe income less ex￿SeS is made from the income to the capitsl tund each year with a view lo cnsuring Ihal the value of the capiial fund increase5 by more than the level of inflation. Tbi5 policy wa5 introduced by a resolulion of the Trust￿ dated 14 Jwie 1991. The Trust Deed gives the Trustces the wwer to make investments as they think fit and ai their absolute discretion. None ot the Trusttts Teceived any rnnuneration for their service5 or reiTni￿rsern¢rtt of expenses.

THE JESSIE SPENCER TRUST REPORT OF THE TRUSTEES YEAR E.DED 5 APRIL 2024 Risk MaDagemeat ll)e TNstees have considered the major risks io ivhith the Charity is exposed, h2ve reviewed these risks and have established $Y￿eMS and Ero¢edures to TnaNage them. The Tisk management Strategy is reviow¢d ann¥Jally. Related Partie5 Mr D W Wil(L on¢ of the Trnsttt& is also a ttuslee of Fundays in Nottinghamshi￿. A grant of £5.000 was made during the year l?023 - £5.(M)O). Responsibilities ofthe members of ¢he Trwlees in relation to tkne financial statements The Trnstees are responsible for preparing Ihe awiual rerM)n and the financial statements in ac¢ordan¢e with applicable law and United KiugdoJn AccA)untints Sthndards (United Kingdom Generally Accepted Accout7ting PractiLYI. Law applicable to charnies in England and Walcs requires the Tru5tecs to prepare fin8￿cial statements for each financial year ivhich oive a ￿ and fair viwv of the state of affairs of the Charity and of the inco]￿Ing resi)urces and appliotion of resource5 of the Charity for (har period. In preparing these financial statemellÉs. the Tnjslees arerequired to: select 5uilable accounting rK)licie5 and then apply theED con515tently" observe the methods and principles in the Chariiies SORP 2019 (FRS 10?}" make judgements and eSti￿ateS that are re&50nable and prudent; 51ate whether applicable accounling standards have been followed. subject to any material departures di%losed and explained in ihe financial sratements- and prepare the Iinancial ￿llteMefits on Éhe goin(F concem b&8is unless it is inappropri8ie io presume thai the Char￿Y will continue in opwation. The Trustees are res￿nsible for keeping pro￿ ac¢ountiFtg records that disclose wÈth Teasonable aecuraey at any time the rjr￿nClal Fosition of the ChariW and enable t￿M to ensure that rhe fiiiancial staÈement5 comply with the Chartiies Act 2011, the Chariiies {Ac¢ounts and Rcwrts} Regulation$ 2008 and il]e proV￿510n$ of the Trust Deed. They are also responsible for sar￿Uarding the agts of the Charity and hence for taking tusonable steps for the preventim and detection of fiaud and oiher inEoulariiies. Thi5 report was approved bv the Tntytees on 8 ' Oc 2 .}LLk',Xd DWWILD behalf of the Trustee5

JNDEPENDENT AUDfTOR'S REPORT TO THE TRUSTEES OF THE JE￿1￿ SPENCER TRDST Opinion We have alldiled the financiol statemcnts of The Jessie Spencer Trust for the year ended 5 April 2024. which comprise the inrome aceount, siatement of financial aciivities. balance sheet and notes 10 the financial stiitements, including a swnmary of significant accounting p)licio8. The f￿￿ncIal reFM)rting framework that has been applied in their preparation is applicable law and Uniied Kingdom Accounting Stsndard5, including Financial Reporting Standard 102 Th¢ Financial Reportinq Standard applicable in the UK and Republic of Ireland {United Kingdo Generally Accepted Accounting PrdCti¢e). In our opinion the financial statements-. give a true and fair view of th¢ state of the Charity's affairs as at 5 April 2024. and of its incoming resource5 and application of resource& including income and exrenditure for th¢ year then eThded; have been properly prepared in accordance with United Kingdom Gcnerally Accepted A¢counting Practice; and have been prcp8red in accordance with thc requirements of the Ch￿ltieS Act 2011. Basis for oplnion We ¢onductcd our aiidil in accordance with Intemaiional Standard5 on Auditino (UK) (ISA5 WK)) and dpplicable la￿,. Our responsibilities under those standards are further described in the Audiior's r￿ponsIbilitIeS for the audit of th¢ financial statements section of our report. We are inde￿ndent of the Charity in accordance with th¢ ethical requirements that are relevanr to our audil of th¢ financial statements in the UK. including the FRC'S Ethical Standard. and we have tulfilled our other ethÉcal responsibilities in accordance M'ith theK requiretn¢nts. ￿e believe thai Ihe audit etridence we h&￿t obtdined is sufficient and appropriat¢ to provide a basis for our opinion. CoDclusions relating to going ¢oncern In auditing the financia] stsiement& wc have cOncl￿ed that Tn]sÈees' w OF￿ going corK¢m basis of accounling in the txeFwation of the financiaj ststemcnts is apFTopriate. B&s¢d on the wod( we have ￿ ie have not idenufi¢JJ art￿ marial U￿£￿aInti& relainglo events or conditions thaL individually or colleLtively. may c&si significant (knutrt on Charity's ability to Lontinue a going concern for a period of least twelve months from wlkn the financial statemenFS alr aUdK}ri￿ for i&sue. Our reswE]sibiliÉi& and the wnsibtlilies of T￿￿ With TesW to going concan are describ&J in the relcvant sections ot this report. Other iDformtio The Trustees ar£ Teswnsible for thc other infonnation. The other information comprises the infonnation included in thc Trustees, anniial report, oth¢r than the. financi￿ slalements and our auditor's ￿port Éhcreon. Our opinion on the financi￿ stalemcnts d(￿9 not cover the oihcr information and, e.xcepl 10 the e_xrent othenvise expliciily sthted in our report, do not express any fonn of assurance conclusion thereoll. Ow tEstK)nsibiiity is lo re&{ the o11￿ infOrm￿lon atml in doing w. covtsider whdher the other infonnation is mkneriajly iriconsistent Nvith the f￿￿la1 stateTnents or our knowledge olxakn¢)J in tl)e cout of ts audit or ￿￿erwiSe appea￿ lo materiallv misstated. If we i(kntity such mat•iai iTKortsis[e￿T￿q or apphgTWIt Tnaterial mis5tatetnent4 we are Nuired to dctemiine whcther thig gives iise to a marthal missraiement in financial statemenls then￿1Ve1. If, lth on the WQEk we have Fcrfomiei wc CO￿￿￿ thd( thue is a materiai mi&8ithncnt of this inf(hrn￿tio[¥ we are required ts report that W¢ have T￿thing to TfFX)rt in this regard.

IFDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE JESSIE SPENCER TR￿ST Matters whicb we are required to report by eiception We have nothing to rewrt in restttt of the following mailer5 in relation to which the Charities {Accounts and Reports) Regulations 2(H)8 require to report to you if. in our opinion: the intormation given in the fiTwKial stafrM￿ts ￿ inwt6isteth in any [T￿la7 Ersp￿t with the Tn￿¢¢5 r￿￿TL or the Charity niA kern adeqiL rntingTccAKd&" or the fllmncial stateM￿ts ate not in ￿$th the accountsn4 ￿)rdS aEMI tEtyrns; or ve hai'e not receivcd ail the inforniati(HJ a￿1 explanations we Tequire forouraudiL Responsibiliti£s of ruste£ As oxplained moEe fulty" in the TrWst￿, re51K￿￿1 ilities sratement set i)ut on page 3, the "fru5tees are respx)n5ible for the preparation of11￿ financial statements gnd forlKiDg satisfiL¥J that tlTh' gkve a and fair view. and forsuch internJl cortrol as the Trustees determi￿ is n¢ccssaTr' to a]able the twion of lu)artial ststements that are free from material MISSts￿nenL Wtther (tue to fraud orerjvr. In prq)arin¥ the financial $12tanents. the Tr￿t￿$ a￿ T¢SP)nsible asse￿ing ￿ Cl￿rity'S ability Io LM)ntinue as a going conLery disclosin& as aFplicable, m￿t[S related kn going conLern aThl llsing the going toncem Iksis of a¢courting unless the TrtWeLs cither inte￿1 to liquidate the ChaTity 0￿13150T￿% or have no realistic altcjutive butto do 50. Auditor's responsibilities for tbe audit of the fin3Dcial statemeDts We have been apwpinted &8 auditor Emder s¢Ction 145 of the Charities Act 2011 and report in a¢cordance with gulations made Lmder section 154 of that Aa. Our objectives are to obtain rfasonable assurance alN)ut whether th¢ financial Suiements as & whole are free from material misstatement, wh¢ther due lo fraud or etTor. and to issue an auditor s FetN)rt that includes our opinkon. Reasonable assurnnce is a high level of assurance. but is not a guarantee that an audit conducled in accordance ivith ISAS (LIK) will always detect a Traterial misstal¢ment when li exists. MI￿tatemen15 ¢an arise fmm fraud or error and are ¢onsid¢red material if, individually or in the aggregate: thev could reasonably be expected to influence the economic dccisions olusers taken on the basis of these fuwicial statements. Irregularities, including fraud, are instances of non-compliance Thith laws and regulations. We design proccdures in line wilh our r¢sponsibilities, outlined above, to deiecl material misststements reS￿t of irregulariti¢s, including fraud. Th¢ specitic procedures for this engagement and th¢ extent to which these are capable of detecting 6tregularities, including traud is dtriailcd ￿lOw= Excrcise prof¢ssional judgment and mainlaxn professional scepticism throughout the planning and perlormance of the audit Identify and assess the risks of wnaterial misstatem¢nt of the financial stat¢ments. M,hether due to fraud or em)r. dtsign and wfom audit pr(ttdures responsive to those risks, and obtaiii audit evidence that is suifickenl and appropriate to prowide a basis for our opinion; Obtain an understanding of the internal control rel¢vant to the audit in ordcr to design audit procedures that are appropriate in the c7￿u￿5tances. but not for the purposc ol expressing an opinion on the etTectivcness of the Charity"s intertEal control. Evaluate the appropriatencss of accounting wlicies used and the rcasonableDess of a¢counting estimates and related dis¢losur¢s made by management. Make enquiries of management and those charged with governance of any instances of non- compliance ￿lth laws and ￿gulationS and of any atTh￿l and tx)tentia] litigatton and claims:

IIYDEPENDENT AUDITOR'S REPORT TO THE TRUSTELS OF THE JESSIE SPENCER TRusr Review financial ststemeni disclosutes to Sup￿rting documenration to asses5 Cotnpliance wth applicabl¢ laws and regulations. B¢cause ol the inhereDi liinitatlons of an audiL theT¢ is a risk thai we will not det&1 all irregularities: including those leading to i inateri81 missthtement in the financial staterntnts or non-COTnplianee with regulation. This risk increaseg the morc that cornpliance with a law OT Eegulation is reffloved from the events and transact10115 IEfleded in the financial siatements. &8 we will less likely to become aware of in¥ances of non4ompli8nce. The risk is also greaier rewding iTrtgularilies (￿ur[ing due to fixud rather than error, as fraud involw¢s intentional c4)ncealrnenL for¥ery, collusion, omission or misrepresentslion. A further description of our resp)fJ5ibilities 15 available on the FRC'S website at.. ,'Iiiljl-:L%-T(> This description fornis part of our auditor's report. Use of our reporl This report is made solely to the Clwity's T￿￿tee$, as a txxly.. ITh accordan￿ with Part 4 of th¢ Chariiie5 (Aceounts and Replirtsl Regulations 2008. (h]r audit work has l*en undertaken so that we Tnight state to ttle Charity-s Trnstees tliose matter5 we are required to state lo dieni in an auditor s rewrt al￿ for no (Jther PUTPO.8e. To the full ektcnt pennitted b). law, we do not accept OT assuTne responsibTlity io anyone oiher than the Ch2rity and the Charity's Twstees as a Ethy. for our audit work. for this re[￿. or for th¢ opinions w¢ have fjorm￿. nqoK5 20?4 Lemans Siatutory Auditor Chartered Cerfified AccountaE]ts and Regiwed Allditors 29 Arboreium Stieet Nottingham NG14JA Lempns is eligible to act &8 aJJ auditor in ierms of section 1212 of th¢ C(¥npanies Act 2(M)6.

THE JF..SStE SPENCER TRUST II%COME ACC.ouwr YEAR ENJ)ED S APRIL 2024 2024 2023 INCOME FROM: INVESTMEf4TS 138,003 139,737 GROSS INCOME FROM MONEY OP4 DEPOSIT NatiOF)al Westminstcr Bank PLC 1.240 521 Barclays Bank Pl.C 95 Barratt & Cooke lJ35 140,778 140,353 LESS: TRUST EXPEP4SES Professiona] and adminisirdtive charges 13.919 12.382 Auditor's fees 15.880 BALANCE OF INCOME FOR THE YEAR 123.189 124,473 Transfer lo TTh￿l Capital being Iif/D of Annual Trust Income in a¢eordance with th¢ resolution of the Trustees dated 14 June 1991 10.870 112.026 APPROPRIATIONS Charltsble grants and donations (Pages 13- 15) 129150 (DEFJCITYSURPLUS FOR THE YEAR UNAPPROPRIATED (DEFICITYSIIRPLUS BROUGHT FORWARD 5,970 {17,124) VNAPPROPRIATED (DEFicrr) CARRIED FORWARD

THE JESSIE SPF.YCER TRL:ST STATEMENT OF FIryAliCIAL AC.TIVITIES YEAR ENDED 5 APIUL 2024 Income UTurstricted rund Capital Fund 2024 2024 Tolal 2024 Total 2023 Income from: Investment incomc 138.003 138,003 139,737 Interesl received 616 Total iTh¢ome 140.T18 140,778 140,353 ExpeTrditllre: Charitsblc activities Grants and donations 104. 104,900 129,150 Managern¢nt and admin ot charity 15.880 Total expenditure 122,489 122,489 145,030 Net g&iT)￿{lo￿￿e$) on inv¢stynents 205.665 205.665 {405,091) Net IDeomeJ(Exptnditurel 18289 205,665 223,954 (409,768) Transfer between fuDds et funds 5.970 217,9S4 223.954 (409,768) Fund balanc¢s brought foTward 3 197948 15429S 5 564.063 Fund balgDces urried fonvard

THE JESSIE SPENCER TRusr BALANCF. SHEET 5 APRIL 2024 2024 2023 FIXED ASSETS Listtd inyestsnenis (page 12) 5298.096 4.￿5.910 CURRENT ASSETS Bank accounts Prepavments 153.813 251,110 775 CURRENT LIABILITIES Accrnals- Payable within one year 3.51K) NET CUKRENT ASSETS NET ASSETS 248 385 378. L4 FUNDS CAPITAL FUND (unrestricred} INCOME FUND {unrestricted) 5.415,9J2 5,197.948 behalf by.. DWWILD A D R TIPLADY

THI JESSIE SPENC.F.R TRUST NOTES TO THE .4CCOLIPiTS YEAR E￿￿ED S APRIL 2024 STATEMENT OF ACCOUNTING POLICIES CONSTITUTIO The TTr￿1 is adTY]inistered under the lerms of the Trusi tked. BASIS OF PRKPARATIOli OF FINANCIAL STATE,MENTS Basis of preparing the fiDanci21 statements and a&qessment of going coneerD The Charit) constilutes a public benefit entity as defined by FRSIO2. The finttncial statements have prepared in accordance ￿1th Accounting and Rewrting by Charitics: Statement of Recommended Practicc applicable to Chhriries preparing their accounLS in dLcorddnce with the Finkncial RC￿rting SiJndard applicabl¢ in thc UK and Republic of Ireland issued in (ktob¢r 2019, th¢ Financia] ReTX)rting Standdid applicable in the tinited Kingdom and Republic of Ir¢land (FRSIO?}. the Charities Act 2011 and UK Generally Accepted Practice. rhe financial statements have been prepared to give a 'trne and fair view and hay¢ departed from rlie Charilies (Accounts and Reports) Regulaiions 2008 only to the extent r￿li[￿d to profvide a -true and fair view.. This departure has Invol￿e￿ t"ollO￿l￿g the Accounting and Reporting by Charities- Svdtement of Recornmended Prdcticc applicabl¢ to Charities preparing iheir accounts in accordance with the Financial Re]K)rting Standard applicable in thc UK 2nd Republic of Ireland issued i October 2019 rather than the AccoiintiDg and Rep(Trrting bv Cl)arÉtics: Statrment of Recommended Practice effective froln l April 200) which has since ￿en withdraw￿. The finanrial statements have been prepared on a gOI￿g concern basis under Ih¢ historical cost convention. modified to iTkclude certain items at fair valuc. The finallcial stalements yre presented in sterling ￿.hICh is the functional CUTrenrv of the Charity and Tounded io the nearest tN)un The Trustees consider that there aye no material unccrtainties alK>ut the Charity's ability io continue as a going conc¢Tn. Th¢ significant accounting policies applied in ihe preparntion of these Iinancial %tstemeDts k]re s out Ixlow. These pilicies have t*en con5isiently IN)plied ¢0 all years presented unl¢ss otherwise stated.

THE JESSIE SPENCER TRUST NOTES TO THE ACCOUNTS YF.AR Ehl>ED 5 APRIL 2024 INCOME All income is included in ihe stalcment of financial actil'ities when the Charity is lega]ly entit]ed to the kncome, the aTllOUllt can bc measured reliably and it is probable that thc income wtll be received. F,XPENDITURE All expeEMliture is accounted for on an accruals IMsi5. Irrecovelable VAT is chatged as an expense agatnsÉ the aciivily for which expenditllre arose. Grants payablc to third parties are within ihe charitable obje£lives. Vthete uncondit10Tu￿ grants otTere(L this is accrued as soon as ihe recipienl is notified of the grdnl. INVESTMENTS Inv￿t￿ellts are initially rcrugDised at C05t subsequendy at fair value (maTket value) at ihe balance sheet date. The %tatemeni of Finiincial A¢iiNitffi&s includ& the net gains and losses arising on revaludtions and disposals throughout the )'ear. Eiealised gains and Ioss¢5 on investments are calculaied as the diiTcrence ktween sales pr(￿eedS and their original cost. Realised and unrealised investmenl gain5 2nd losses are combined in the Stktemenl of Financial Activities. Pn)fit on 5a]c of investments is CFdited io the Trust Capital accounL Fur*DS Unrestrici¢d funds can be used accordance with the charitable Objectiv￿ ai the discretion of the Trustees. General funds repr￿nt thc fund5 of the Chwiry th& are not subject to any restrictions regarding their use and ar¢ available for application on the general purpose5 ofthe Charity. Funds desi￿ated for a particular puq)ose bj the Clthrity also UFhrestricted. CASH AT BANK The Charity holds suifi¢ient funds in Order io met its short-wm c&sh commitments as they fall due. CREDrroRS Cr¢ditors payable in one year are recorded at the transadion price.

THE JESSIE SPF.NC.F.R TRUST It4VESTMLtIYS YEAR ENDED 5 APIUL 2024 IPVESTMENTS lall li￿ed) Fair v4]ue Investments ai 6 April ?023 4.030,782 4.905,910 Addiiions 1.232 497 123? 497 Disposals 055.760 1.102836 Net gain on Tcvaluation 192,i25 Investmcnts at 5 April ?024 4207.519 5228,096 Rcalised gains Unrealised gains 60.215 145,450 13.140 192,525 Net gains on investments 205.665 205,665 AUDITOR'S REMUNERATIOI¥4 2024 2023 AILdit fee TRUSTEES, REMUNERATION AI¥D BENEFITS Ther¢ was no Trustees, remunerntiijn or other iEn¥fits for ihe J'&qr ended 5 April 204 nor for the year ended 5 April 2023. No Trustee rcreived reiJnbursed eX￿[L￿e5 during the yw ended 5 April 2024 nor for the year ended 5 April .023. RELATED PARTIES Mr D W Wild. one of rhe Tn]slee& is (Ilso a truslee of Fundays In Nottinghamshire. A grant of £5,000 was tnade during ihe ye3r12023 - £5.(M)O). -12-

TIIE JE&SIE SPF.NCER TRUST CHARITABLE GRAfiTS ASD DO*ATIONS YEAR EhTED 5 APRIL 2024 Arts Dr Martin Clarke Young Organ Scholars Trust Focus on Ytsung People in Bassetiaw Hothouse Theatre Koestler Arts sts￿ in the Community CIC Total Insighi Theatr¢ 500 500 1,000 500 S(N) 500 Total for- Arts Churcho Mdn5fi¢ld Road Baplisi Church Nottingliamshire Historic Churche5 TTUSt St Mtwy's Church Arnold St Margaret's Church Aspley The Parish 01-Nottingham St Peter and All Saints I,0( 3,0(X) 1.000 (500} 500 Totsl for- Churches Educatio Criminon UK Portland Charity Speech and Language UK 'l-he Reading List Foundation 1,000 1,000 550 Totsl for- Education Envirollment Nottii)gh#m Wildlife Tmst I,oox) Total for- EDvir(>nment ET-Serviees BliDd Veterans Combdi SLrtss RAF Bcnevolent Fund SSAFA The Armed Forces Charity Walking Wilh The WoundeA 1,000 1.000 500 1,000 1,000 Total lor- Ex-Service8 MedieaVDisableil Asthma Kelief B¢aumoiid House Hosplce Care British Disabled Anglinq Association British Epilepsy Association Children with Cystic Fibn)si5 Drvdm Holidays Cope Children s Trust (Rainbows Hospice for Children} Crackerjacks Childrni's Tnjsl Deafblind UK Douglas Bader Foundation Fundays in Nottingham 500 I,ooo I.ocM) 500 4.500 850 1,000 1,000 5,000 13-

THE JESStE SPENCF.R TRUST CHARrrABLE GRAjTS AP*D DONATIONS YEAR ENDF.D S APRIL 2024 Happy Days Children's Charity Headwav N￿tingharn Lennc>x Children's Cancer Fund Lincolnshire and Nottinghamshire Air Ambujance Listening Book5 Macmillan Cancer SEUX)rt MACS MEDF.QUIP4KIDS 1,000 1,000 i.(M)o 500 i.0(￿) 5,OQlO 1.000 1.000 1.000 1.000 5,000 5,(K)O 5,000 1.000 1,000 500 1.000 1,000 I,o(y) 5(X) 1,000 1.000 Motor Nleurone Disease As50ciatio Newlif¢- The Charity for Disabled Children Nottinghamshire Deaf Society Nottinghamshire Hospice Fqottiii¥hamshire Royal Society for the Blind Reach Leaming Disability React Shin¢ spinal Injuries Association Spinal Muscular Atrophy UK Teenage Cancci Trust The D)'stoDia Society We51 Aiea Project Whi72 Kidz Total for- Medieal l Disabled Communitv Welfare A.shfield Home Safet> Project B Toxiowe Women 5 Project Bulwell Forest CJarden Children's Bereavement Centre Cornwater Evergreens Cruse Bereavement SupFK>rt Nottinghamshire Emmanucl House Supw¥rt Cent FraTnework Housing Association Friary Drop-in Ltd 500 1,000 I,o(xi 51M) 500 1,000 5,000 500 1,000 1.0 I,O(K) 1,000 500 1,000 1,000 5,000 500 I,(K>O 500 1.000 1.000 1,000 500 1.0 1,0 I,oox) Improving Lives Notts Lord"s Tav¢Tners MHA Communities East Nottinghamshire Mis B A Hancock New Bridgc Foundation Notiingham & Nottinghamshire Refugee Fonmn Notts County FoundatÈon Open Homes NottinJo ]am Royal Voluntary Service Samaritans STAA Siipport through Court The Friendl) Bench CIC The NottinghaTll Arimathea TnLSt The Respite A8sociatioll The Sick Children's Trust Totsl for- Welfare -14-

THE JESSIE SPF.NCER I"RIISJ CHAtUT ABLE GRAI%TS DONATIONS YE.4R E%DED 5 APRII. 2024 Groups/Clubs l., Shttlford & East Brid￿0rd Scout Group NottIng￿haMShlre Club for Young People The GuÉde Assoctation NottinghaJnshire Elton YMCA Robin HIM)d Group 50 1.000 1.000 1.000 Total for- Groutxslclubs Other Green s Windtnill Trust Community Accounting Plus 1.000 I.ooD Total for- Other Total -15-

THW..IESSIE SPEh'CER TRIIST PERCENTAGE YIELDS Mark value of investments Gross income for FV Value all sliares Cost of InvestTn¢nts Yield on cost /0 Yield on value Year 1985 409,170 885.714 51.263 12.53 5.79 4.5) 1986 503,032 1.208,606 53.368 10.61 4.42 4.73 1987 510.580 .341,747 64.792 12.69 4.82 3.47 1988 558,363 1.191.139 71.734 12.85 6.02 4.28 1989 603,737 1,413,883 76.415 12.&5 4.55 1990 745.968 1,444.563 77.993 10.46 5.40 4.85 1991 857,803 1.635,278 93,135 10.87 5.69 4.82 1992 972,086 1.564,402 97.863 10.07 6_26 5.19 1993 1,014.848 1.767,373 98.330 9.69 5.56 4.47 1994 1.048,726 1098.697 91.586 8.73 4.36 3.69 1995 1,171.182 1,931.835 95.287 8.14 4.93 4.32 1996 .180,834 2.168.424 98.822 8.37 4.56 4.05 1997 l J43,514 2.360,495 107,331 4.57 3.69 1.432,953 3,067.804 8.54 2.75 1999 I,563,￿)1 3.093,786 116,690 7.46 3.77 2000 1,590,888 2.955.949 141,185 8.87 4.77 2.11 2001 1,669,991 3.029.115 133.261 7.98 4.39 2.54 21M)2 1.969,786 3.031,456 126.669 6.43 4.18 2.68 2003 2,030.3 2,390,973 127.375 6.ti7 5.33 3.73 2.084,659 2.745,765 130.315 6.25 4.75 3.08 2(KJ5 2,1 i2,630 3,035,915 117.296 5.50 3.86 3.10 2006 2.456,981 3,607.260 137.412 5.59 3.81 2(K)7 2.516.964 3,675.512 134.785 5.36 3.67 2.83

THF. JESSIE SPENCER TRUST PERCETrTAGE YIELDS Gr05$ income FTO/o Value all shares Cost of investments at5A ril value of investments for /0 Yield Yo Yield on value Year the 2(K18 2.634,385 3,410.728 142,513 5.41 4.18 3.58 2009 2,368.534 2,492.270 147,549 6.23 4.18 2010 2,672.399 3.)7&623 128,020 4.79 3.79 2.58 2011 2.660,213 3.473,696 123.712 4.65 3.56 2.81 2012 2,820,885 3.554.330 132.663 4.70 3.73 3.80 2013 2.981.361 3.952.274 141.588 4.75 3.58 3.2) 2014 3,127.567 4.036,795 141.543 4.53 3.51 201S 3.166,645 4,086,471 153,665 4.85 3.76 3.43 2016 3.402.748 4.043.553 151,362 4.45 3.74 3.29 2017 3,)74,326 4,5{￿,015 156.218 4.63 3.47 3.16 2018 ).561.226 4.390,019 161.156 4.53 3.67 3.30 2019 3.739,508 4,678.634 168.169 4.50 3.59 3.81 2020 3.597.9J3 3.978.209 157,204 4.37 3.95 3.98 3,713,317 4.822,646 2.72 2022 3,903.01) 5,313.159 163,974 4.20 3.09 2023 4_030.782 4.905,910 139,737 3.47 2.85 3.13 2024 4.207,519 5228.096 138.W3 3.28 3.25 -17-