Docusign Envelope ID: 2BD9D903-6D8B-4CE6-9BD9-3325EA86E576 Registered Charity Number: 236710 ## **THE STONEWALL PARK CHARITABLE TRUST** (working name of The V & E Fleming 1964 Charitable Trust) ## REPORT AND FINANCIAL STATEMENTS For the year ended 5 April 2025 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST Pa8e Reference and Administrative Information Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-13 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST REFERENCE AND ADMINISTRATtVE INFORMATION FOR THE YEAR ENDED 5 APRIL 2025 The Stonewall Paik Charitable Trust was established under a Declaration of Trust dated 22 luly 196£ whith determines the objects and powers. 'fhe Stonewall Park Charitable TTUSt is registered with the Charity Commission for England and Wales with Charity Number 236710. TRUSTEES Elizabeth Helen Fleming Matthew Valentine Flemins Thomas Mungo F]eming Harry Geoffrey Flemins PRINCIPAL OFFICE The Stonewall Park Charitable Trust do RF[ Management SeIvices Limited 14 Buckingham Street LK)ndon WC2N 6DF INDEPENDENT EXAMINER Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT SOLICITORS Currey & Co LLP 33 Queen Anne Street London WIG 9HY REGISTERED CHARrrY NUMBER 236710 Pa8e I Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APIUL 2025 Trustees present their report along with the financial Statements of the charity for the year ended 5 April 2025. The finanaal statements comply with the Charity's Trust Deed, the Charities Act 2011, as amended, and the reviewed Statement vf Recommended Pract1￿ - Accounting and Reporting by Charities {SORP 2015). ReEeTence and admintstrative infonnation set out on page I lonns part of this reporL STRucfuRE GOVERNANCE AND MANAGEMENT The Trustees who held office throughout the year are shown on pa8e l. New Trustees, when required, are selected by the servingTrustees and are appointment by a Resolution 0£ existing Trustees. New Trustees undergo an inductiL)n to acquaint them with the aciivities of the charity. Additional training andlor infomation is provided to the Trustees on an on-guins basis. No TTUStee receives a fee Eor the service they provide to the charity, all time spent is donated free of d￿rge. RFf Management Services Limited provides the charity with administration and linancial reportins rvI￿S. OBJECTS AND ACTIVITIES The Charity's obj'ects are for the relief of poverty, the advancement of educatiory Ihe advancement of religion or any other purposes benefiaal to the community not falling under the pre￿dIng whicFL are tharitable according to the law of England and Wales, in such manner and such proportLons as the TrutTrtee5 shall from lime to time at their discretion decide. The Trustees have been Sranted wide powers to act in Eurtherance of the chaTity's objects. GRANT MAKING POLICY. The Truslees consider applications and approve grants, usually annually. Although some grants may be made to the same charities eath year, none ate promised or guaranteed. The Trustees have considered the Charity Commission's suidance on public benefit including the guidan￿"pUbIiC benefit: ruTming a charity" when formulating the grant n￿kiTh8 policy. In particular, the Trustees consider how grants can be made to ensure maximum benefit flow5 through to the intsnded ultimate beneflciaries. ACHIEVEMENTS AND PERFORMANCE Durin8 the year the Trustees agreed grants totalling £85,050 (2024 £29,600) to other charitable OTsanisations as detailed in note as detailed in note 5 and 6. The Trustees look lorwaTd to being able to continue their d￿ritable work in the coming years in accordance with the graTht making policy. Page 2 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 ICONT'D FINANCIAL REVIEW The Charity's principal source of income is from its investments, wM"ch amounted to £86,19012024 - £70,676). During the year, Trustees spent £90,237 (2024 £HtY)81 on charitabEe activities and governance, and admin￿tratIon of the Charity. IrwESTMENT POLICY The Trustees have an asreed an investment policy for the Charitys investment portfolio. To meet these objectives, the Charitys investments are manased across a range of asset classes, maintaining diver5iEication, to produce an appropriate balance between risk and return. The Trustees continue to monitor the performance OE the portfolio with re￿ar investment reports and meetings. FUTURE PLANS The Trustees do not envisase any material dianges to the operation OE the Charity. RESERVES POLICY The capitsl is an expendable endowment and at thi$ time theTrustees do not considera specific Reserve Policy necessary. At the Balance Sheet date the free reserves OE the charity amounted to £153,961. RISK MANAGEMENT The Trustees are satisfied that systems are in place to mitisate the risks to whith the charity is exposed. The principal risk faced by the Charity is an investment risk. This risk could be the reduction in the capital value of the investments and the income derived frorn the investments. required by the Trustees in meeting their d￿ritable objectives. This risk has been addressed by the appointment of proEessTonal advisors to monitor investment performantt and to deeide on acquisitions and disposals KEY MANAGEhllENT PERSONNEL The Trustees are considered to be the Key Management Perb(>nnel of the charity. The ITUStees are not remuneraled for their services and there are no paid 5tafE. Pase 3 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2025 ICONfD) STATEMEwf OF TRUSTEES. RESPONSIBIUTIES FOR THE FINANCIAL STATEMENTS The Trnstees are responsible for preparin8 the Trustees. Report and the finanaal Statements i accordance with applicable law and United Kingdom Accounting Standards (United Ku￿aOM Generally Accepted Accounting Practice). The law applicable to tharities in Ensland and Wales requires the Trustees to prepare financial statements for eath financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources for that peri(xl. In preparing those financial statements the Trustees are required to.. Select suitable accounting poliaes and then apply them consistentlyi Observe the methods and prxnciples the Charities SORP,. Make judsments and estimates that are reasonable and prudent,. Prepare the Einanciai statements on a going concern basis Ludess il is inappropriate to presume that the charity will continue in business. The Trustees are responsible Eor keeping proper accountin8 records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure the Einancial statements comply with the Charities Act 2011, the Charities SORP and the provisions of the Twst Deeds. They are also responsible for safeguarding the assets of the Charity and hence Eor taknns reasonable steps for the prevention and detection of fraud and other irrcsularities. Approved by the Trustees and si￿ed on their behalfby: M V FLEMING Trustee If L-i Dated Page 4 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PAIIK CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STONEWALL PARK CHARITABLE TRUST FOR THE YEAR ETr4DED 5 APRIL 2025 I report to the trustees on my examination OE the accounts of the Stonewall Park Charitable Trust for the year ended 5 April 2025. ResponsAbi]ities and basis of report As the tharlty trustees of theTrust you are responsible for the preparation of the accounts in accordan with the requirement5 of the Charities Act 2011 {'the ACYI. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examinalion I have followed all the applicable Directions given by the Charity CoTnJnission under section 145(5)Ib) of the Art. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in conneetion with the examination giving me cause to believe that in any material Tespectr. accountins records were not kept tn respect of the Trust as required by section 130 of the Art.. or 2. the accounts do not accord with those wordb,. or 3. the accowits do not cO￿PIY with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts sive a 'true and fair view which is not a n]atter considered as part of an independent examination. have no concerns and have come across no other Matter5 in connection with the examination to which attention should be drawn in this report ITL order to enable a proper understanding of the accounts to be reached. Martin Howard For and on behaiÉ of Hazlewocds LLP Bayshill Iload Cheltenh3Tn GLJO 3AT Dak: 81812025 Page 5 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST STATEMENT OF FXNANCIAL ACllVITIFS FOR THE YEAR ENDED 5 APRIL 2025 Expendable NOTE Endowment Total 2025 Total 2024 Income INCOME tnvestment tncome 86,190 86,19) 70,676 TOTAL INCOME 86,IlX) 86,1 70,676 EXPENDITURE Costs of senerating ￿ndts ChaKilable activities TOTAL EXPENDITURE 11,581 5,389 16,970 11,581 90,237 101,818 84,648 84,848 34,098 45,6( NET IEXPENDITUREIANCOME 116,9701 1,342 115,628) 25,072 GainsllLosses) on investments Realised Unrealised 11,1641 28,464 11,164) 4,169 J43,113 NET MOVEMENT IN FUNDS 10,330 1,342 11,672 172,354 RECONCILIATION OF FUNDS Total fund5 brought forward 2,330,276 156,336 2,486,612 2,314.258 BALANCE CARRIED FORWARD 2J40,606 157,678 2,498,284 2,486h12 cowrINUING OPERATIONS: all of the charitys aetivities relate to continuing operativns. TOTAL RECOGNISED GAINS AND LOSSES: the charity has no reco8nised gains and losses other than those shown in the statement of financial activities. Page 6 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST BALANCE SHEET AS AT 5 APRIL 2025 NOTE 2025 2024 FIXED ASSETS Investtnents 2,344,323 2,327,681 CURRENT ASSETS Debtors Cash at Bank 11,791 147.395 159.186 5,570 158,905 164,475 LIABILITIES Creditors: amount falling due within one year io (5,2251 (5,544) NET CURRENT ASSETS 153,961 158,931 TOTAL ASSETS LESS LIABILITIES 2,498,284 2,486,612 Representins.. UNRESTRICTED FUNDS Expendable Endowment tncome li 2,340,606 157,678 2,498,28A 2,330,276 156,336 2,486,612 Approved by the Tru5teeb and signed on their behalf by.. M V FLEMING TTUStee l¥1 L," Dated Page 7 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 AFIUL 2025 ACCOUNTING POLICIES la) Basis of Preparation The Einancial statements have been prepared in accordance with the Financial Reportins Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benelLt entitv for the purposes of FRS 102 and a registeied charity and therefore has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Repurting Standard applicable in the UK and Republic of ￿eland (The r.RS 102 Charities SORP), and Charlties Act 2011, as amended. The financial statements are prepared in sterlin& which is the functional currency OE the company. Monetary amounts in these financial statements are rounded to the nearest pound. Ib) Goin8 Concern The Trustees consider that there are no mateTial uncertainties about the Charity's ability to ci)ntinue as a going concern. have and continue to follow GOVerx￿neTht advi￿ and will monitor future developments closely. The most significant areas of Un￿rtaInty that affect the carryins value of assets held by the Charity are thL level of investment retum and the perf0TMan￿ of investment markets (see the investment policy and Perlorrnan￿ and risk management sections of the Trustees. annual report for more itiformationl. Fund Strurture Unrestrtcted Funds comprise those fiInd$ whieh the trustees are free to use in accordan￿ with the tharitable objects. The Expendable Endowment Fund represents thiise assetsleapital which are held for the longer terni tor the Charity. in accordan￿ with the terms of the Trust Deed. The Expendable Endowment Fund can be used in accordance with the object5 of the Charity and is included in the Unrestricted Funds. Any capital sains or losses arising on the investments held in the Expendable EThd0W￿ent Fund forni part 0£ that fund. To the extent that grants paid exceed the amount available from income funds, transfers are made froJn the Expendable Endowment. Income arising on the Expendable Endowment Fund can be used in the Unrestricted Inc()me Fund. Id) Income All income is recognised in the Statement of Financial Activities (SOFA) when the conditior for receipt have been met and there is reasonable ￿sUran￿ of receipt. Where a claim for repayment of income tax has or willbe made such incotne is grossed up for the tax recoverable. The following accounting poliaes are applied tu different categories of income.. Investment INcome Investment income is accounted for when re￿]Vable and is stated gross of any reclaimable taxation relief. Pase 8 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2025 ICONTD) ACCOUNTING POLICIES IcoNr'DI le) Expenditure Liabilities are recognised as soon as there is a Lesal OE construrtive obligation committing the charity to the expendrt￿re. All eXpendi￿re is accounted for on an accruals basiii and has been classified under headings that aggresate all costs related to the category. The followins accountins policies are applied to the different categorie5 of expenditure". Cost of GenerAting Funds The cost of raising funds consists of investment managemeTht fees and related costs. Charitable Activltles Costs OE tharitable activities includes 8rants made and support and governance costs. Donations payable are recognised when they are approved by the trustees and the recipient of the grant has been informed 0£ the amount to be paid. Support Alld Governance Costs Support and Governan￿ costs comprise all costs involving the public accountability of the charity and its compliance Mryth regulation and good practice. These costs include costs Telated to the independent examiner'5 fee& tugether with sUPPOrt costs. Fixed Asset Investments Investments are stated at market value at the balance Sheet date. The SOFA indudes the net gain5 and l(1s5e5 on revaluation and disposals throu8hout the year. Foreisn Currencies Transactions in foTeign currenoe5 are recognised at the rate of exchange at the date of transaction. Monetary assets and liabilities are translated into sterling at the rate of exchange on the balan￿ sheet date. Exthange differences are recognised throu8h the statemeTht of financtal activities. Reallsed and Unrea]ised Gains and Losses All sains and losses are taken to the SOFA as they arise. Realised sains and losses on investtnents are calculated as the difference between sales proTred5 and openins market value (purthase date i( later). UMealised gaiLTrS and10sses are calculated as the di£Eerence between the market value at the year end and opening market value (or purchase date if later). Critical accounting estimates and areas of judgement In preparing financial statements, it is necessary to make ￿rtain adjustments, estimates and assumption5 that affect the amounts Tecognised in thv financial statements. In the view of the Trustees in applyin8 the accounting policies adopted, no judgements were required that have a significant eflect on the amounts recognised in the financial statements nor do any estimates or a¥suTnptions made carry a signÉficant risk uf material adjustment in the nexi Einancial year. lj) Cash and cash equivalents Cash and cash equivalents indude cath at banks and in hand and short tenn deposit5 WLth maturity date of three months of less. Pa8e 9 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APIUL 2025 ICONTD) ACCOUNTING POLICIES ICONT'D) Ik) Financial Instnllnents The Charity's &inancial instruments all qualify as basic in accordance with Section 11 Basic Financial Imtruments of FRS 102. Financial instruments are recognised in the Tr￿st,9 balance sheet when the Trust becomes party to the contractuat provisTons of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial btatements. when there is a legally enforceable right to set off the recosDised amuunts and there ts an intention to settle OTh a net basis or to realise the asset and settle the liability simultaneously. INFORMATION REGARDING TRUSTEES AND EMPLOYEES In the Einancial year ended 5 April 2025, none of the tntstees received any remuneration or had expenses reirnbursed by the charity {2024- nil). The Charity has no employees. The trustees are considered to eomprAse the Charity's key management INVESTMETrrr INCOME 2025 2024 Income from Investments tnterest on cash deposits 83,096 3,(194 86.190 68,009 2,667 70,676 COSTS OF GENERATING FUNDS 2025 2024 Investment Management Fee (a£teI fee adjustmentlrebatesl Custodian and Administration Fees 8,833 2,748 7,671 3,835 11,581 I1￿06 Pase 10 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEwfs FOR THE YEAR ENDED 5 APRIL 2025 ICONT'DI CHARITABLE AcfivITIES The charity undertook no direct charitable activities but awarded donations to a nUm￿er of institutions in furtheiance of it5 charitable actAvities as follows:. 2025 MCC foundation The Flemins-wyfold Art Foundation Rgyal British LEgion Hospice in the Weald Brainwaveg Changing Fa￿5 Combat Stress Compaid The Egremont Twst Give A Chance Horatio's Garden Multiple System Atrophy Trust Donations under £2,000 {45 donations in totall Total donation5 Support and Governan￿ Costs (note 71 14,0(X) 2,000 2,1i00 2.lJOO 2,000 2,000 2,000 2.000 2,000 2.000 43,050 85,050 6,687 91.737 11,5(Kl) 90,237 Less eaneelled prior year donations Total ANALYSIS OF DONATIONS MAD 2025 2024 2025 2024 The prevention of re]ief of poverty The advaneement of education The advancement of religion The advaneement of health or the saving of lives The advancernent of citizenship or community The advancement of the arts, culture, herita8e, or soence The advancement of amateur sport The advancernent uf environmental protection or improvement The advancement 0£ animal welfare 3,000 12,000 2,000 29,250 2,000 13,500 19 13 16.5(X) 15,300 6,000 2,000 85.050 1.000 29,600 57 23 Page 11 Docusign EnvelopÈ ID." 2BD9D9034D8B-4CE&9BD9-3325EA86E576 THE STONEWALL PARK CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 AFRIL 2025 ICONVD) SUPPORT AND GOVERNANCE COSTS Expendable Endowment 2025 Total 2024 Total Independent Examiner Fee.. - cuttent year - prior year {overl accrual Legal and Professional Fees Bank Charges To Charitable activities 1,200 1,200 1,200 1700) 4.890 108 15,498) 5,389 5,389 98 16,687) 98 11,298) {5,389) FIXED ASSET INVESTMENTS 2025 2024 Market value brought forward Acquisitions at cost Lebs.. disposal prO￿a$ {realised capital Cashl 2,327,681 2.169,118 368,177 {356,8961 2,180,399 4,169 143,113 2J27,681 {86,8701 2240,811 (1,164) 28,464 2,268,111 23,316 52,896 2,344,323 Realised {Lossesl gains on disposals Gains on ￿valUation Cash for Investment Unsettled Trade Market value at 5 April 2.334,331 Htstoricffil cost ol 5 April 1.781.065 1,860,493 Analysis of investments:_ Equities Alternative Investments Bonds Liquidity Funds Cash held for reinvestment Market value at 5 Aprll 1,273.537 237,280 Th),294 27,0( 76,212 2,344,323 1,283,927 252,085 734,669 27,0(X) 6,650 2,304,331 Pase 12 Docusign Envelope ID: 2BD9D903-6D8B-4CE6-9BD9-3325EA86E576 ## **THE STONEWALL PARK CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR IBE YEAR ENDED 5 APRIL 2025 (CONT'D)** ## 9. **DEBTORS** ||2025|2024| |---|---|---| ||Total|Total| ||£|£| |Fee Rebate Due|308|288| |Income Due|11,483|5,282| ||11,791|5,570| ## **10. CREDITORS FALLING DUE WITHIN ONE YEAR** ||Expendable||||2025|2024| |---|---|---|---|---|---|---| ||Endowment||Income||Total|Total| |||£||£|£|| |Accruals|4,025||1,200||5,225|5,544| ||**4,025**||**1,200**||**5,225**|**5,544**| ## **11. ANALYSIS OF CHARITABLE FUNDS** ||Expendable||2025|2024| |---|---|---|---|---| ||Endowment|Income|Total|Total| ||£|£|£|£| |Investments|2,344,323||2,344,323|2,327,681| |Cash at bank||147,395|147,395|158,905| |Debtors|308|11,483|11,791|5,570| |Creditors|(4,025)|(1,200)|(5,225)|(5,544)| ||**2,340,606**|**157,678**|**2,498,284**|**2,486,612**| Page 13