THE SIR GEORGE MARTIN TRUST
FINANCIAL STATEMENTS
for the year ended
5 APRIL 2025
CONTENrs
Page
Trustee's annup41 report
Independent Auditor's report
7-10
Statemenl of financial activities
Balance sheet
12
Notes to the financial ststemenls
13-22
Appendices..
List of Donations
23-25
Registered Charitv Number 223554

THE SIR GEORGE MARTIN TRUST
TRUSTEE'S ANNUAL REPORT
for the year ended
S APRIL 2025
The Directors of the Trustee company present their report and the audiied financial statemcnls of the charity
for the year ended 5 April 2025. The Trusi has adopted the provisions of ihe Statement of Recommended
Practice (SORPI "Accountfftng and Reporting of Charities" (FRS 102) in preparing ihe annual report and
financial statetnetkis of the charity.
The financial statements have been prepared in ac¢ordance with the accounting policies scl Out in the notes to
the accounts and comply with the charity's governing documenL ihe Charities Act 2011 and Accounting and
Reporting by Charities -. Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published
in October 2019.
Status
The Sir George Martin Trust is a regisiered charity under number 223554. The governing do¢ument is a Trust
Deed dated 10 December 1956.
RegÈstered offiee
Harlig House
Skipton Road
Ilkley
LS29 9RP
Trustee
The sole Trustee of the charity is Sir George Martin Trust Company Limited. Thi5 offi¢e is the only activity
of the company.
The Directors of the Trustee company are.. M L Whyte
S Blenkinsop
M J Martin
A D Wriglesworth
A M Rhodes MBE
H Siddique
L Jagger
JSCKirk
Chair
Vice chair
Operdtions Committee Chair
(resigned 10 May 2025}
Finance and Inveslment Committee Chair
The rcgislered office is as above. The company rcgisiered number is 540045.
Trust manager
The Directors of the Trustee company have delegated the day to day managernent of the Trust to C L Marshall.
Auditor
Solicitors
Wheawill & Sudworth Limited
C,hartered Accountants
35 We8igate
Huddersfield
HDI IPA
Wrigleys Solicilors LLP
3 Wellinglon Pl3¢e
Leeds
LSI 4AW

THE SIR GEORGE MARTIN TRUST
TRUSTEE'S ANNUAL REPORT {contiDued)
for tbe year ended
5 APRIL 2025
Bankers
Investment *dTrTr5ers
HSBC pl¢
PO Box 45
47 Market Street
Bradford
BDI ILW
CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET
Establishment and History
The Trust was founded by the late Sir George Williatn Martin (the Settlor), a wealthy Leeds businessman with
many interests in the charitable scctor, by means of a Trusi I)eed dated 10 tkcember 1956 under which the
Seltloi declared that Sir George Martin Tn￿t Company Limited (the Trustee) should hold the Trust funds on
trust for such charitable institutions or such charitable objects as the Tn￿lee should select.
At the time of founding Ihe Trust, Sir George Martin was ChairnTrn of the Leeds Infirmary, Ihe YMCA,
national insurance company and an approved school as well as having a wide interesl in other activities su¢h
as faming and the countryside. He established the Trusl by the trdnsfcr of £30,0(K) of shares which for many
years provided an income for mainly local charities in Yorkshire, where he took a keen interest. These included
the YMCA. the Yorkshire Symphony Orchestra. thc Methodist Home5 forthe Aged and the Harrogate Festival.
Upon his death the residue of Sir George Martin'5 estate was left to the Trust.
Governanee
The Trust is gov¢rned in accordance with ihe provisions of the Trust De¢d by the Directo￿ of the Twstee
company whose names are listed on page l and who meet either three or four limes a year.
The Sir George Martin TNst Company Limited's articles of association statc thal there can be a rnaximum of
10 directors of thc company. Trustee company d1￿CtOrS are currently recrniied based on an initial
recommendation from one of the Twstee company directors or the Trusi Manager, followed by an inierview
with the Chair, the Vice-chair, thc Trusi Manager and ai least one other director. Each new dircclor is then
invited to attend a board meeting where they have the opportunity to see if they remain interested in a trustee
role.
The Sir George Martin Trust provides its Trnstee Guide to each potential new diffctor candidate at the outset
so that thcy are fully aware of the background to the Trust, its mission, eligibility, iem)s, responsibilities and
the expected time commitment. The TN51 Manager meets with ea¢h new director before their first board
meeting to answer any queries they may have about the operations and thinking behind decisions made. Once
the director is on the board they are encouraged to take part in Yorkshire Funders, events and training to
develop their knowledge of the funding and VCSE sectors. The Chair. Vice Chair and Ttust Manager are
available at all times to talk to direclots.
Administration of the Trust
The day lo day management and administration of the Tmst has been delegated to Carla Marshall in her role
as Trust Manager. A role she has undertaken very efficicntly and with great enthusiasm since 2013. Carla h8s
also carried out a significant amount of accountancy work in supporting the organisation improve the financial
Control environment and effe¢tively report to the Finance and Investsn¢nt Committee.
The salary of the key management personnel 15 reviewed annually by the Directors of thc Trustee company.

THE SIR GEORGE MARTIN TRUST
TRUSTLE'S ANI%UAL REPORT {continued)
for the year ended
5 APRIL 2025
Public benefit statement
The Directors of the Tnjstee company have consideted the generdl guidance on public benefit issued by the
Charity Conunission in carrying out its objectives and activities and in delivering public benefil to the many
institutions provided with financial and general help and are satisfi¢d that the objectives fall under the
provisions of the Charities Act 201
Grant5 in the year ended S April 2025
Unrestricted grants to organisations made in the year amounted to £263,881, a 220/& decrease compared to the
previous year. There were no rcsiricted grants made in the year (2024: £nil). The number of unrestricted grants
during 2024125 was 86, 36 less than in 2023124 and the avcrnge unrestricted grant amount increased from
£2.651 in 2023124 10 £3,068 in 2024125.
With the cosl-of-living crisis and local authority shortfalls. the Trustees felt it was crucial to continue to give
as much as possible. The full lisl of grdnts made is shown at the back of this Report and an analysis of our
giving along with our impact during 2024125 is outlined in our Impact Report.
It should be noted that distributions over the previous few years have been highcr Ihan nomial to reflect the
re¢eipt of funds from The Dcnion Tnjst. The Tnjstees continue io balance the necds of today while ensuring
the longevily of the Trust ill line with the Founder's wishes.
ActiiTrties- Cb*ir's Report
It is my pleasure to present the Chair's Report for the year ending April 2025. As we reflcct on the past year,
the Trust has taken important steps to strengthen its foundations and ensure li remains a relevant and resilient
force for good in Yorkshire's charitable landscape.
The Board has worked diligently to refresh our systcm& policies. and processes- a necessary evolution, to
ensure the Trust is well-equipped for the future. When Sir George established the Trust nearly 70 years ago.
the world was a very difyerent place. Regulation, governance. and technology have all transfom)ed
dramatically since then. For any organisalion to survive and thrive. it rnU5t embnce change. We believe thes¢
updates will help us maintain our relevance and continue to serve communities effectively.
As part of this woA(, we have introduced a fornial risk register and operdtions manual, providing greater Clarity
and accountabiliiy in how the Tnjst is managed day-t(Hlay alld how risks are identified and mitigated. A n]ajor
milestone this year was the Operations Committee's recommendation to the main Board for a new Grant
Managetnenl System. This will streamline the application process for charitie5 and provide Trustees with more
iobust tools for reviewing and approving granis. We expect this to save valuable time for our Trust Manager
and offer clearer analysis into how our fimd5 are being useiL
In addition, the move to cloud-based document storage via SharePoint has significantly improved our daLI
protection and reduced reliance on paper and postage
a practical slep fonvard ill both efficiency and
sustainabilily.
The Finan¢¢ and Investment Committee set a strict budget for the year, TEinfor¢ing our commitment to
responsible stewardship of the Trust's resources. This discipline is essential io safeguarding the long-lenn
future of the Trust and ensuring we can conlinue to support ihose who need us mosi.

THE SIR GEORGE MARTIN TRUST
TRUSTEE'S ANNUAL REPORT (continued)
for the year ended
5 APRIL 2025
Ac¢ivities- Chair's Report (continued)
Beyond internal improvcments, the Board has also discussed how thc Sir George Martin Tnjst might serve as
a beacon of good practice for oiher small grant-giving charities. As the number of such trusts continues lo
decline, we believe SGMT is well-positioned - through its robusi sysiems and thoughtful governan¢e- to
ofter a model for others who may lack the capacily or appetite to continue indepcndently. On this note, Ihe
Board has begun discussions around the poteniial trdnsilion of the Trust to a Charitablc Incorporated
Organisation (CIO) structure. This Ttbove refreshes our governing thKuments, aligning with our broader efforts
lo future-proof the Trust and ensure ils ¢ontinued effectiveness.
We remain deeply committed to honouring Sir George's legacy and ensuring the Trust makes a meaningful
difference for many years to come. I would like io thank my fellow Trnstees, our Trust Manager. and all the
organisaiions we support for their dedicatio￿ insight. and tireless work in our communiiies.
Aetivitie5- Trust Manager's Report
Throughout 2024125, many small charities continued to face severe challcnges, including rising costs, increase
demand for their services and growing competition lor fijnding. but the s¢¢tor remained resilient and ever
positive.
The Trnst Manager found that ihe level of cnquiries reduced significantly by 300/. from 261 in 2023124 to 182
in 2024125 and the main reason for this reduction in enquiries was that in March 2024 the trustees decided to
tighten up their grdnt criteria in order to manage demand and f(Kus all its giving on stnaller, local charities and
churches working in West Yorkshire. The Trnst Manager ensured the changes wete communicated clearly on
the Tnjst's wcbsite, which were= All applicants must have their head office or main administration addTesS
located in West Yorkshire. all applicants tnust have income under £lm (for the previous financial year) and
all grants would go towards support and activities which benefit economically and socially disadvantaged
people living in West Yorkshire.
Through her visits to charities and talking to charity work¢rs on the frontline. the Trust Manager also believes
there was a reduction in enquiries due to small charities having reduced capacity- Frontline jobs and activities
for staff and volunteers took pr￿edent over applying to and foundations.
The Sir George Martin Trust continued its'open and Trusting, approach (as recommended by IVAR- Institute
of Voluntary Action Research), giving out as many flexible core c05t gtants as possiblc and rnanaged to
increase the average grant size to £3,IK)O. By tightening up lis grant making criteria for 2024125 and beyorkd.
the Trust managed to maintain its enquiry and application Success rate close to 50 /0 (which is Considered good
practice) so that during these challenging times for the charily sector. graTtt seekers had a good experience
when applying and working with thc Sir George Martin Trust. At each of the Trusi's ihree board meetings, 28-
29 grants were approved.
The trustees also decided Ihal it wa5 impotlant thal the TnLSt aitns to Tncrease ils level of multi-year grants in
order to help organisations, sustainability and longer-tern) financial planning. At ea¢h of the three board
meetings the Trust Manager put forward one multi-year recommendation for a very small charity which had
either been running for a number of years and was in need of additional support or a new charity which needed
a financial boost and additional time and advice from our Trusi Manager.
The Trusi continued its Iw(Fstage application process. whereby, grant seekers email or call the Trust Manager
initially 10 tell her aboui their worK thetr need and the organisation's cutrcnt finances. Only if the Trusl
Manager believes they meet the Trust's criteria and stand a strong chance of receiving a gtant, does she then

THE SIR GEORGE MARTIN TRUST
TRUSTEE'S ANNUAL REPORT (continued)
ror the year ended
5 APRIL 2025
Aetivities- Trust LVlan*ger's Report (continued)
ask them to apply. The Trust Manager carried out 63 physical visit5 lo applicants and 23 online meetings during
2024125 so that the Trust had a better undcrstsnding of each applicant and wasn'l just relying on their wrill¢n
application. When appropriate the T￿st Manager a150 shared insights on other funding opportunities. She
continued to network ¢xlensively and attend local funding events to ensure impactful funding across the five West
Yorkshire districts.
For a fourth year, the Trust partnered with Leeds City College to give out six £600 cash awards for Adult
Learners, all of whom had secured a degree place in their journey to a career in the healthcare sector. The Tnjst
continued lis learning and organisational development by attending numerous Yorkshire Funders, events and
training sessions. During the 2024125 ￿riod the TTUSt Manager spent time assessing new grnnt management
systems to modernise and streamline the Tn￿t'S grant appli¢ation process.
Investn)ent poliey and performance
The Ttvstees continued to keep all the Trust's funds with CCLA in their COIF Charity Fund. It adheres to
an ethically responsible policy. CCLA provided steady returns throughout 2024125 and delivered sufficient
income in line with our Budget. The Trnstees continue to monitor and discuss CCLA'5 perf0m￿nCe closely.
Objectives and future policy of Ibe Trust
The objectives are lo distribute the income from the Trust fund amongst charitie5 at the absolute di￿retIOn of
the Directors of ihe Trnstee company. The DiTeclors of the Trustee company therefore have a wide brief but
concentrates its giving in Wesi and North Yorkshire, particularly the old West Riding cities of Leeds and
Bradford. The inteniion of the Direclors of the Trustee company is to continue the activities of the Trust a5 an
independent charitable Trust.
Financial review
Thc deficit for thc year of £651,610 (2024: surplus £590.820) reflects a planned net deficit of £18.410 {2024-
LIOI,210), arising from expenditure in exces5 of income and a loss on unrealised investments of £633,200
(2024.. gain £692,030) The Tru5l'S lotal funds ai 5 April 2025 tothlled £10,194,438 (2024: £10,846,048).
Risk man¥gement policy
The Directors of the Trustee company have examincd the major strdtegic, business and operntional risks which
the Trust faces and hav¢ adopted a fomlal risk management policy.
Reserve5 policy
The Directors of the Trustee company aim to mainlain reseryes at an adequate level to provide sulYi¢ient
working capital lo fimd the charity's activities.
Fundraising
The c.harity does not carry out any significani fundraising activities.

'rHE SIR GEORGE MARTIP4 TRUST
'I'RUSTEE'S ANNUAL REPORT (continued)
for the year ended
5 APRIL 2025
Trustee's re5ponsibilitie5
The Directors OF the Trustee company are responsible for preparing the Trnstee's Annual Report and the
financial statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice)-
The law applicable to Charities in England and Wales requires the Dir￿torS of the Trustee company to prepare
financial statements for each financial year which give a and fair view of the state of affairs of the charity
and of the in¢oming resources and application of resources of the charity for that period. In preparing these
rinancial statement& the Directors of the Trustee company are required to..
sele¢i suitable accounting policies and apply them consisienily-
observe the method and principles in the Charities SORP 2019 (FRS 102)-
make judgments and estimates that are reasonable and prudent.
stale whether applicable accounting standards have been followe(L subject to any material departures
disclosed and explained in the financial statements-
prepare the financial slalements on the going concern basis unless it is inappropriate to presume that
the charity will continue in operation.
The Trustee. being the Directors ofthe TrUS￿e company. are rcsponsible forkeeping proper accounting records
that disclose with Teasonable accurdcy ai any time the financial position of the challty and enable them to
ensure that th¢ financial statements comply wsth the Charities Act 2011, the Charities (Ac¢ounts and Reports)
Regulations 2008 and the provisions of the Tnjst Deed. The Directors of the Trustee company are also
responsible for safeguarding the assets olthe charity and hence for taking reasonable steps for the prevention
and detection of fraud or other irregularities.
The Trustee. being the Directors of the Tn￿te¢ company, are responsible for the maintenance and integrity of
the charity and financial information included on the charily's website. Legislation in the United Kingdom
governing the preparation and dissemination of fuwicial statements may differ from legislation in other
jurisdictions.
Appointmellt ofAuditor
A resolution to re-appoint Wheawill & Sudworth Limited as auditor will be proposed at the Annual General
Meeting.
On behalf of Sir Georg¢ Martin Trust Company Limited
ML Wh￿C
5 December 2025

INDEPENDEIYT AUDITOR'S REPORT TO THE TRUSTEE OF
I'HE SIR GEORGE MARTif4 TRUST
Opinion
We have audited the financial siaiements of The Sir George Martin Trusi for the year ended 5 April 2025
which comprise the Statement of Ftnancial Activities, the Balance Sheei and the related notes, including a
summary of significant accounting policies. The financial reporting fratnework that has been applied in their
preparation is applicable law and United Kingdom A¢counting Standards. including Financial Reporting
Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true fair view of the state ofthe charity's affairs as at 5 April 2025, and of its incoming resources
and application of resource5, for the year then ended.
have been properly prepared in accordance with Uniied Kingdom Generally Accepted Accounting
Practi¢e' and
have been prepared in accordance with the requirem¢nts of the Charilies Act 2011.
Basis for opinion
We conducted our audit in accordance with Inlcmational Standards on Auditing (UK) (ISAS (UK)) and
applicable law.
Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of ihe financial statemenis section of our report. We are independen¢ of the charity
in accordan¢e with the ethical requirements thai are relevant to our audit of the financial staiemenls in the UK
including thc FRC'S Ethical Siandard. and wc have fvlfilled our othei ethtcal responsibilities in accordance
with these requirements. We believe that the audil evidence we have obtsined is sutTicicnt and appropriate to
provide a basis for our opinion.
Conclusi00$ relating to going Concern
In auditing the financial statements, we have concluded that the trusiees, use of the going concen) basis of
a¢counting in the preparation of the financial statements is appropriate.
Based on the work we have perforn)e(t we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may ca51 significant doubi on the charity's ability to continue as a
going concern for a period of &t least twelve months from when the financial statements arc auihorised for
issue.

INDEPENDENT AUDITOR'S REPORT TO THE TRusfEE OF
THE SIR GEORGE MARTIN TRUST (continued)
Other informatio
The Trustee is responsible for the other tnfomiation. The other infornialion comprises the inforniation in¢luded
in the Tru51ee's annual rekN)rt, other than the financial slatemenls and our auditor's report thereon. Our opinion
on the financial statements does not cover the other inforniation and except lo the extent othenvise explicitly
stated in our report, we do not express any forni of assurance conclusion ih¢reon.
In connection with our audit of the financial statementy our responsibility is to read the other inforniation and,
in doing so, consider whether the other inf0m￿tion is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appear5 to be maierially misstated. If we identify such
material inconsistencies or apparent material misstalements, we are required to determine whether there is a
material misstatement in the financial statements or a tnaterial misstatemet]t of the other inforniation. If, based
on the work we have perforn]ed, we con¢lude that there i5 a material misstatement of this other infomiation,
we are required to report that fact.
We have nothing to report in this regard
Matters on which we are required to report by exception
We have nothing to report in respect of Ihe following matters in relation lo which the Charities (Accounts and
Rcports) Regulations 21K18 require us to report to you if, in our opinion:
the infomialion given in the financial staiements is inconsistent in any material respect with the Trustee's
report. or
the charity has not kept adequate accounting records. or
the financi31 statements are not in agreemeDI with the accounting records and rebjrns. or
we have not received all the inforniation and explanatiODS we require for our audit.
Responsibilitie5 of the Trustee
As explained more ￿llY in the Trustee's responsibiliiies statement sel out on page 6, the Trustee is responsible
foi the preparation of financial statements which givc a ime and fair view. and for such internal control as th¢
Trustee detem)ines is necessary to enable the preparntion of financtal statement5 Ihat are free from material
misstatement, whether duc lo fraud or error.
In preparing the financial statements, the Trustee is responsible for assessing the charity's ability to continu¢
as a going ¢oncern, disclosing, as applacable, matters related to going concern and using the going concern
basis of accounting unless the Trustee either intends to liquidate the charity or to cease operations, or has no
realistic alternative but to do so.
Auditor'5 resportsibilities Cor the audit of the fillancial statement5
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with
regulations made under section 154 of thai ACL

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF
THF. SIR GEORGE MARTIN TRUST (continued)
Our objectives are to obtain rvasonable assurdnce aboui whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includcs our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantce ihal an audit conducted in
accordance with ISAS (UK) will always detecl a mateTial misstatement when it cxis¢s. Misstatements can arise
from fraud or error and are consideted material if, individually or in ihe aggregatc. they could reasonably bc
expected to influence the economic decisions of u5er5 taken on the basis of these finan¢ial statements.
Irregularities, in¢luding fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material missiatements in respect of
irregularities, including fraud. The extent to which our procedures are capable OF detecting irregularities,
including fraud is detailed below:
We gained an understanding of the legal and regulatory frdmework applicable to the charity and the
environment in which it operate5 and considered the risk of acts by ihe charity thai were contrary to applicable
laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material
misstatement in the financial staiements. including bui not limited to, the Charities Act 2011. Ourtests included
agreeing the financial statemeni disclosures lo underlying supporting d(Kumentation, review of Trustee
meeting minutes and enquiries ofmanagemenl. We also addressed the risk of management override of intemal
controls. including testing joutnals and evaluating whether there was evidence of bias by the trustees that
representcd a risk of material misststement due to fraud
Because of the inherent limitations of an audiL there is a risk that we will not delect all irregularities, including
those leading to material missiatement in the financial statements or non-compliance with regulation. This risk
increases ihe more that compliance with the law or regulation is removcd from the events and Iransa¢tions
retlectcd in the financial statements. as we will be less likely to becomc aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to frdud rather than error, as fraud involves
intentional concealment. forgery, collusion, otnission or misrepresentation.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professioDal
scepticism throughout the audit. We also=
Identify and assess the risks of material misstatemenl of the financial 5tatemcnts, whether due to fraud or
error. dcsign and perforni audii procedures responsive io those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecling a material
misstateTneni resulting frorn fraud is higher than for one resulting from error, as fraud may involve
Collusion, forgery. inlentional otni5sions, misrepresentations. or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order EO design audit procedures that
are appropriate in the circumstan¢es, but not for the purpose olexpressing an opinion on the ¢ffcctiveness
of the charity's internal coniml.
Evaluate the appropriateness of accounttng policies uscd and the Teasonableness of accounting estimates
and related disclosures made by thc Tn￿lee.
c.onclude on the approprialetkess of ihe Trustee's use of ihe going concern basis of a¢counting and, based
on the audit evidence obtained, whether a material uncertainty exisls related to events or Conditions that
may cast signifi¢ant doubt on the charity's ability to continue as a going concern. If we conclude that a
material uncertainly exists, we are required to draw alleniion in our auditor's report to the related
dtsclosures in the fTnancial statements or, if such disclosures are inadequate. to modify our opinion. Our
con¢lusions are based on ihe audit eviden¢e obtained up 10 the date of our audiloi's report. However,
fulure events or conditions may cause the charity lo cease to continue as a going concern.
Evaluate the overall presentation, strncture and content of the financial statements, including the
disclosures, and whether the financial stalements Tepresenl the underlying trnnsaclions and events in a
manner that achieves fair presentaiion.

10
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE OF
THF. SIR GEORGE MARTIN TRUST {¢ontinued)
We communi¢ate with those charged with governance Tegarding, among other matters, the planned scope and
timing of the audit and significant audii findings, including any significani deficicncics in internal control that
we identify during our audit.
Use of Gur Report
This report is made solely to the Truslee in accoidanc¢ with Part 4 of the Charities (Accounts and Report5)
Regulations 2008. Our audit work hos been undertaken so that we might state to the Trustee those matters we
are required to state to the Ttusiee in an auditor's report and for no other pu￿oSe. To the fullest extent
permitted by law, we do rkot Mccept or a&sume responsibility to anyone other than the Charity and the Trustec,
for our audit work. for this report, or for the opinions we have fornied.
WHEAWILL & SUDWORTH LIMITED
Chartered Accountants & sta￿l0ry Auditor
35 Westgate
Huddersfield
HDI IPA
5 December 2025
Wheawill & Sudworih Limitedif eligible to aci as an auditor in ierms ofsection 1212 ofthe compani￿ Aci 2(106.

THE SIR GEORGE MARTIN TRUST
STATEMENT OF FINANCIAL AcfiviTIES
for the year ended
5 APRIL 2025
2025
Unrestricted
Fulld5
2024
Unrestrifted
UDds
Note
Income and endowments from:
Donalions and legacies
Inveslments
471
310.425
130
302,151
Total income and endowments
310,896
302,281
Expenditure on:
Charitable activities
329,306
403,491
Total expenditure
{329.306)
(403,491)
Net (losses} I gains on investments
14
(633,2tJ))
692,030
Net (expenditure) l iucome and net
movement in fund5
(651.610)
590,820
Reconciliation of funds:
Total funds brought fonvard
17
10.846.048
10.255,228
Total funds carried forTrv*rd
17
10.194.438
10,846,048
All income and expenditure derive from continuing activities.
The notes on pages 13 10 22 fom) part of these financial statements.

THE SIR GEORGE MARTIN TRUST
BALANCE SHEET
5 APRIL 2025
2025
2024
Note
Fixed a55ets
Tangible assets
Investments
13
419
14 10,049,145
10,682,345
10,049,564
10,682,350
Current assets
Debtois
Cash al bank and in hand
15
78.067
72.940
91,879
151.007
167,832
Creditor5: *mounts falling due within one year
16
(6,133)
(4,134)
Net currellt assets
144,874
163,698
Net assets
10,194,438
10,846,048
Charity Funds
Unrestricted funds..
Capital
Income
17 10.028,498
17
165,940
10,661.698
184,350
Total charity funds
17 10.194,438
10,846,048
The financial statements were approved and auihorised for issue by the Board on 5 December 2025.
Signed on behalf of the Trusiee company
M L WHYtE
) Directors
S BLENKINSOP
The notes on pages 13 to 22 form part of these financial Statements.

13
THE SIR GEORGE MARTIN TRUST
NOTES TO THE FINANCIAL STATEMEiwrs
5 APRIL 202S
Summary of significant accounting polleies
(a) General iDfornTration and basis of preparation
The Sir George Martin Trust 15 a rcgisiered charity in the United Kingdom under number 223554. The
governing document is a Trust tked dated 10 Decerttber 1956. The nature of the charity's operations
and principal a¢livity is to distributc the income from the TTUSt amongsl charities at the absolute
discretion of the Directors of the Tn￿lee Company, this is detailed fijrther in the Trustee's report. The
address of the registered oifice is given on page l of these financial Stslements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accouniing and Reporting by Charittes= Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard appli¢able in the UK and Republic of Ireland {FRS 102) issued in October 2019, the Financial
Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 1021, Ihe Charities
Act 201 I, and UK Generally Accepted Accounting Practice.
The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section
IA.
The finan¢ial statements have been prepared to give a 'trne and fair, view and have departed from the
Charitics (Accounts and Reports) Regulations 21)08 only to the extent required to provide a 'true and
fair vicw,. This departure has involved following thc Accouniing and Re￿rtIng by Charities: Sialemenl
of Recommended Prdctice applicable to charities prcparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October
2019 rather ihan the Accounting and Reporting by Charities: Statement of Recommended Pracii¢e
effective from l April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified io include certain items at fair value. The financial statements are prepared in sterling which
is the functional currency of the charily and rounded to the nearesl £.
The significant accounting policies applied in the prqmration of these financial statements are sel out
below. These policies have been consislently applied to all yeats presented unless otherwise stated.
(b) Funds
Unrestricted funds are available for use at the discretion of the Dtrectors of the Trustee company in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA} when Ihe charity is
legally eniiiled to the income after any performance conditions have been me[ the amount ¢an be
measured reliably and it is probable that the income will bc te¢eived.
Donations are recognised when the charity has been notified of the amounts and the settlement datc in
writing. If thcre are conditions attached lo the donation and this requires a level of perforn]ance before
entitlement can be obtained, the income is deferred until those conditions are fully met or the fuifilment
is probable and within Ihe ¢ontrol of the charbiy.

14
THE SIR GEORGE MARTIN TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
S APRIL 2025
Summary Of signifjcant aceountillg policies {conlinued)
(c) Income recogllition (¢ontinued)
Legacy income is recognised when the charity is entitled to the income. Under the Charities SORP
(FRS102) it is th¢ earlier of the charity bcing notified of an impending distribution or the legacy being
received or if before receipi there is sutTicieni eviden¢e that it is probable that the legacy will be received
and the valuc of the incoming resources can be measured with sufficient reliability.
Investment income is earned through holding assets for investment purposes such as shares. It includes
dividends and interest. Where it is not practicable to identify investment management ¢osls in¢urred
within a schcme with reasonable accuracy the investment incorne is re￿rted nel of these costs. It is
included whcn ihe amount can be measured reliably. Interest income is recognised using the effective
interest method and dividend income is re¢ognised as the charity's right to receive payment is
establishe
(d) Expenditure recognitio
All expenditure is a¢¢ounted for on an accruals basis and has been classificd under headings that
aggregate all costs related to the catcgory. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable thal Ihe settlement will be
required and the amount of the obligation can be measured reliably. It is categorised under the following
headings-
Expenditure on charitable activities includes costs of providing services and the payment of grants
to the charities beneficiaries - and
Other expenditure represents those ilems not falling into the categories above.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are
offered, this is accrued as si)on as the re¢ipient is notified of ihc grant, as this gives rise to a reasonable
expectation that the recipient will receive the grdnts. Where grnnls are conditional relating to
perforn)an¢e then the grant is only acctued when any unfulfilled condilions are outside of the control of
the charity.
(e) Support costs allocation
Support costs are those that assist the work of the ¢harity but do not directly represeni chariiable activities
and includc otTice costs, governance costs, and administrative payroll costs. They are incurred dire¢ily
in support of expenditure on the objects of the charity. Where support costs carmot be directly attributed
to particular headings ihey have been allocated io cost of rnising funds and expenditure on charitable
activities on a basis consistent with use of the resourccs.
(Q Tangible fixed assets
Tangible fixed assets are stated ai Cost less accumulated depreciation and accumulated impaim]ent
losses.
Depreciation is provided on all tangible fixed assels at rates calculated io write off the cosi, less eslimaied
residual valuc. of each asset on a systematic basis over its expected useful life as follows..
Office equipment
2 years straight line

15
THE SIR GEORGE MARTIN TRUST
NO'fKs TO THE FINANCIAL STATEMENTS (continucd}
5 APIUL 2025
Summ*ry of significant aeeounting policies (continued)
(g) Investments
Investments are recognised initially at fair value whtch is norn]ally the trdnsaction price. Subsequently,
they are measured at fair value with change5 recognised in 'nel gains / (losses) on investments, in the
SOFA if ihe shares are publicly traded or their fair value can othenvise be measured reliably. Other
invesiments are measured at cost less impainnent.
Current assel investments are short tern) highly liquid investments and are held at fakr value. These
include cash on deposit and cash equivalents with a tnaturity of less than one year.
(h) Debtors and creditors receivable I payable within oDe year
Debiors and creditors with no stated interest rate and receivable or payable within one year are recorded
al transaction price. Any lo&ses arising from irnpairment are recognised in expenditure.
(i) Imp8irment
Assets not medsured at fair value are reviewed for any indication that the asset may be impaired at each
bilance sheet date. If such Indication exists. the recovcrable amount of the asset, or the asset's cash
generating unit, is estimated and compared to the catrying amount. Where the carrying amount exceeds
ils recoverable amount, an impairnieni loss is recogtEised in profit or10ss unless the a55el is carried at a
revalued amount where the impairnient loss is a revaluaiion decrease.
(i) Pn)visions
Provisions are recognised when the charity has an obligation ai the balance sheei date as a result of a
past event, it is probable that an outflow of economic benefits will be required in settlernent and the
amount can be reliably estimated.
(k) Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected io be paid in exchange for
that servi¢e.
(l} Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Pardgrnph I Schedule 6 Finance Act 2010 and therefore il meets
the definition of a charilable Company for UK corpordtion tax purposes.
(m) Going concerD
The financial statements have been prepared on a going concern basis as the Directors of the Trustee
Company believe that no material unccrtainties exisi. The Directors of the Trustec company have
considered the level of funds held and th¢ cAF￿(ted level of income and cxpenditurc for 12 tnonths from
auihorising these financial statements. The budgeied income and expenditure is sufficient with the level
of reserves for the charily to be able to continue as a going concern.

THE SIR GEORGE MARTIN TRUST
NOTES TO THF. FINANCIAL STATEMENTS {continued)
5 APIUL 2025
Summary of significant accounting policie5 (Continued)
(n) J￿dgeMentS and key sources of estimation un¢ert*inty
The preparation of the financial statements requires judgements, estimates and assumptions to be made
which may affect the amounts reported. These estimates and judgements are continually reviewed and
are based upon expcrien¢e and other factors. including expectations of histori¢ events that are believcd
to be reasonable under the ¢ir¢umslanc¢s.
Income from donations and legacies
2025
2024
Donations
Legacie5
471
130
471
130
Donation and lega¢y income is unrestricted
Income from investments
2025
2024
Dividends receivable
CCLA rebates
Interest on short Èerni deposits
298,422
10,861
1,142
291.963
10.188
310,425
302,281
Income from investmenls is attributable to unrestricted funds.
A￿alYsIS of expenditure oll charitable activities
ACti￿tieS
undertaken
directly
Support cost5
Total
2025
2025
2025
Grant making
267,481
61,825
329,306
ACti￿tieS
undertaken
directl).
2024
Support Costs
2024
Total
2024
Grant making
342,267
61.224
403,491

17
THE SIR GEORGE MARTILY TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
5 APRIL 2025
Allo¢atioll ofsupport eosts
Total
Cbaritable
ACtI￿tIeS
2024
Chxrit#ble
activities
Total
2025
Support COSt
Basis of alloc*tio
Staff costs
Charitable costs
Audit and a¢¢ounlancy costs
Charitable costs
Stationery, ielephone and postage Charitable costs
Websiie and IT costs
Charitable costs
Travel and subsistence
Charitable costs
Office cos
Charitable costs
Legal fees
Charitable costs
Sundry expenses
Charitable costs
Insurance
Chariiable costs
Bank charges
Charitable costs
Training costs
Charitable costs
46,382
7,944
2,041
2,144
.753
312
46.382
7.944
2.041
2.144
1.753
312
43,029
8,105
1,593
,291
2,047
312
2,754
615
1,236
62
180
1.047
162
40
1,047
162
40
Toial
61.825
61,825
61.224
Governance costs included within support costs
2025
2024
Staff costs
Audit and accountancy costs
Stationery, telephone and postage
Website and IT costs
Travel and subslstence
Office costs
Legal fees
Sundry expenses
Insurance
Bank charges
Training cosis
23,191
4,920
1,021
1,072
876
156
21,515
4.992
797
645
1,024
156
1.377
307
618
31
90
523
81
20
31,860
31,552
These costs are included within expenditure on charitable activities as required by SORP (FRS 102).
Analysis of grants and services to beneficiarie5
Grants to
institutions
Grants to
individua15
Total
Grants to beneficiaries
263,881
3,600
267,481

THE SIR GEORGE MARTIN TRUST
NOTES TO THE FINANCIAL sTATEmE￿rs (continued)
S APRIL 2025
Grant5 to institutions
Further details of grdnts made to institutions during the year can be found in the Impact Report produced
by the Iruslees and ihe Analysis of Donations included in ihe appendices to these financial statements.
All grants are made to registered charities for grant funded a¢tivtties.
Major unrestricted grants made in thc year were as follows..
Archway Proje¢t
The Branch (Rivertree Trnst)
Breaking Barriers Tennis Asso¢iation
Forget Me Not Childrens Hospice
Kid7. Aware
Mindful Movers
Red Lettttr Project
Well Won]an Centre
WYCAS
Yorkshire Funders Forum
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5.000
5,(K)O
5.000
50,000
213,881
Other grants (76 in total all under £5.(M)O)
263,881
In addition 6 awards of £61X) each were made lo stydents at Leeds City College as part of the Sir George
Martin Trust Award for Adult Lcarners.
Net (expenditure) l income for the year
Nei (expenditure) l income is stated after (charging) I crediting=
2025
2024
Depreciation of tangible assets
(Loss) I gain on fair Value movement of investments
(633,21)0)
692,030
10 Auditor's remuneratio
The audilor's remuneration amounis io an audit fee of £4.920 (2024.. £4,992) and a further L3.024 (2024..
£3,113) for accounts preparation and other services.

19
THE SIR GEORGE MARTIN TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
S APIUL 2025
11 Trustees, and key management personnel remuneration aDd expenses
The Directors of the Trustee company neither received nor waived any remuneration during the year
(2024.. £Nil).
The reimbursement of Directo￿ of the Trustee company's expcnscs was as follow5.'
2025
Number
2024
Nvmber
2025
2024
Travel
150
155
During the year the trust paid £888 (2024= £336) to Golden Frog PR Limited, a company controlled by
one of the directors of the Trusiee company for the provision of website serviccs and £nil (2024= £2,754)
to Wrigleys Solicitors LLP, a Limited Liability Partnership of which one of the directors of the Trustee
Company is a member. for the provision of legal services
12 Staff costs and employee benefits
The average monthly number of employees and full time equivalent (FTE) during the year was as
follows:
2025
L¥umber
2025
FfE
2024
Number
2024
FTE
Charitable activities
Governance
Thc total sthff Costs and employee benefits were as follows:
2025
2024
Wages and salaries
Social se¢urity
46.311
71
42,965
64
46,382
43,029
No employees received benefits (excluding ctnployer pension costs) of more than £60.(K)O.

20
THE SIR GEORGE MARTIN TRUST
NOTES I'o 'fHE FINANCIAL STATEMENI TS (coniinued)
5 APRIL 2024
13 Tangible r￿ed assets
Office
Equipment
Total
Cosi:
At 6 April 2024
Additions
Disposals
2.062
414
2.062
414
(378)
At 5 April 2025
2.098
2,098
Depreciation..
At 6 April 2024
Charge for the year
Eliminated on disposal
2,057
2,057
(378)
{378)
At 5 April 2025
1.679
1,679
Nel book value".
5 April 2025
5 April 2024
419
419
14 Fixed asset investments
Listed
Invest￿entS
Fair value..
At 6 April 2024
Additions
Disposals
Rev8lyation- net gains l {losses), wwealised
10,682,345
{633,2(K)}
At 5 April 2025
10,049,145
Carrying amount..
At 5 April 2025
10,049,145
Ai 5 April 2024
10,682,345
Investments at fair value compromise..
2025
2024
Managed Flln&s
10,049,145
10,682,345
10,049,145
10,682,345
The fair value of listed investments 15 detetmined by reference lo the quoied price for identical assets
in an activc markei al the balance sheei date. The lair value of ihese investments at the date ofapproval
of the financial staiements is £10,438.802.

25
THE SIR GEORGE MARTIN TRUST
NOTES TO THE FIYANCIAL STATEMENTS (continued)
5 APIUL 2025
15 Debtor5
2025
2024
Prepayments and accnbed income
78,067
75,953
16 Creditors: amounts falling due within one year
2025
2024
Creditors..
Social s¢curiiy and other taxes
71
64
71
6,062
Accruals
4,070
6,133
4,134
17 Fund reeonciliatio
Unrestricted funds
Balance at
6 April
2024
BalaDce at
5 April
2025
Income
Expenditure
Transfers
Losses
Capital fvnd
Income fund
10,661,698
184,350
1633,2(K))
10,028,498
165,940
310,896
(329.306)
10,846,048
310.896
(329,306)
(633,21KI)
10.194,438
Balance at
6 April
2023
Balance at
S April
2024
Income
Expenditure
Transfers
Gains
Capital fuTrd
Income fund
9.969,668
285,560
692,030
10,661,698
184,350
302.281
(403,491)
10,255.228
302,281
(403.491)
692,030
10,846,048
THE SIR GEORGE MARTIN TRUST

22
NOTES TO THE FINANCIAL STATEMENTS (continued)
5 APRIL 2025
18 Analysis of net *ssets between fllnds
Unrestricted
fund5
Unrestricted
(unds
2024
Total
2025
Total
2024
2025
Fixed assets - tangible
Fixed assets- investments
Cash at bank and in hand
Other cutrent asseis
419
10.049.145
72.940
71.934
419
10,049,145
72,940
71.934
10,682.345
91,879
71,819
10.682,345
91,879
71,819
Total
10.194.438
10.194.438
10.846,048
10,846,048
Fund descriptions
Unrestricted funds
The generdl funds of the charity are available to be distributed at the discretion of the Directors of the
Trustee company in furthernnce of the objects of the charity

23
THE SIR GEORGE MARTIN TRusr
NOTES TO THE FINAI¥CIAL STATEMEwfs (continued)
5 APIUL 2025
List of donations
Ackworth Community Library
Actor's Workshop
Aphasia Support
Arch-way Proje¢t
Arts Charity of Dean Clough (ACDC)
Baby Basics @ Si Paul's Church
Basecamp Adventure Tn￿1
Batley Community Centre
BCCS Assist
Bolion Woods Centre
Bradford Bulls Foundation
Bradford City of Sanctuary
Bradford PHAB
Bradford Youth Development Partnership
£2,(KM)
£4,000
£3,500
£5,0(Kl
£2,980
. £4.0(M)
£2.5(Kl
£2,500
£3,000
£4.500
£2.(M)O
£3.(KM)
(BYDP)
Breaking Barriers Tennis Association
Caring Together in Woodhouse & Little
London
Castlcford Herita8e Trust
CATCH Leeds
CherishEd
Conversation Club Leeds
Cross Project
Denby Grange Recreation Ground
Dewsbury & District League of Friendthip
Equipped4Learning
Food for Families
Forget Me Not Childrens Hospice
Friends of Bceston Primary
Friends of Honley Library
Halifax Minster
Happy Valley Pride
Holbeck Togeiher
Horsfall Conununity Tnjst
Joanna Project
John Jamieson- East SILC
Keighley Creative
Kidz Aware
Kingdom Wrestling
Learning Partnerships
Leeds Baby Bank
£5.(KK)
£3.(M)O
£4,(MX)
£3,650
£3,000
£2,0(Xi
£3,0(M)
£1.8(M)
£3.5(M)
£i.O(M)
£2,SIMI
£5,0(M)
£1.0￿)
£3.(KM)
£1.5(X)
£3,000
£3,796
£2.500
£3.(M)O
£3,IN)O
£2,691
£5,000
£2,000
£3,500
£3,IXK)
Carried fotward
£117.417

24
THE SIR GEORGE MARTIN TRusr
NOTES TO THE FINANCIAL STATEMENTS (continued)
5 APRIL 2025
List of don*tions (continued)
Brought forward
£117,417
Leeds Destitute Asylum-seekers Support
Leeds LGBTQ+ Community Support
Leeds Weekend Care ASS￿lation (LWCA)
Longboat Wakefield
Love Leeds Parks
Margaret Carey Foundation
Mindful Movers
Morley Knights RFC
NEAT (North of England Activities & Training)
Nell Bank Charitable Trust
Outlook Visually Impaired
Parish of Girlington, Heaton & Manniftgham
Play Bradford
Portobello Community Cenlre
Pudsey Community Project
Rainbow Baby Bank
Red Letter Project
Relate Bradford & Leeds
Rosalie Ryrie Foundation
Roshin Ghar
Rotary Sowerby Bridge
Seaglass Collective
Second Chance Headway
shift.ms
Shine West Bowling
SNAPS (Special Needs & Parent Support)
Si Augustine's Centre
St. Augustine's, Harehills
Si. Bartholomew's Church. Arn)ley
Step2
Sunshine & Smiles
Support to Recovery
The Branch (Rivertree Trust)
The Hive Silsden
The Old Library
Thornton & Allerton Communily Association
We are tVE
£2,500
£I.(KK)
£3.000
£l,(M)O
£2,763
£3,500
£5,(KM)
£1.500
£1,500
£3,0
£3.0(M)
£3,0(M)
£3,500
£3,000
£3,000
£3.000
£5,(M)O
£3,IN)O
£3,(KK)
£4,100
£2,(K)O
£2,51M)
£3,0(M)
£3,0(J)
£3.0(M)
£3,2(M)
£4,818
£3.0
£1.500
£3,000
£3.000
£4,000
£5,000
£2.500
£2.(M)O
£2,400
£3,000
£4,000
Wel¢ome Centre
Carried fonvard
£230,698

25
THE SIR GEORGE MARTIN TRUST
NOTES TO THE FINANCIAL STATEMENTS (continued)
5 APIUL 2025
List of donatiolls {continued)
Brought forward
£230.698
Well Woman Centre
Women's Health Matters
Word Up Nonh
WYCAS
£5,0
£4,043
£3,000
£5,000
£3.(M)O
£1,500
£2.640
Yetton Together
Yorkshire & Humber Maternity Stream of
Sanctuary
Yorkshire Funders Fonu))
Youth Association
£5.0
£4.0
Total unrestricted donations
£263.881
Individual Awards Leeds City College
£3.6(M)
Total donations
£267,481