Charity number: 257950
SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
CONTENTS
Page
Reference and administrative details of the Charity. its Trustees and advisers
Trustees. report
Independent auditors. report on the financial statements
Statement of financial activities
10-13
14
Balance sheet
15
Statement of cash flows
16
Notes to the financial statements
17-35

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2025
Trustees
Michael V Sternberg OBE KC KCFO
Noam Tamir
Martin D Paisner CBE MA LLM
Jeremy Simon Smilg
Dilwar Hussain MBE (resigned 16 November 20251
Jonathan Ronald Kropman
Charity registered
number
257950
Principal office
Ground Floor- Star House
1041108 Grafton Road
London
NW5 48A
Independent auditors
BKL Audit LLP
Chartered Accounlanls
35 Ballards Lane
London
N3 1XW
Bankers
Barclays Bank
1 Churchill Place
London
NW1 3ER
Solicitors
Payne Hicks Beach
10 New Square
Lincolns Inn
London
WC2A 3QG
Page 1

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their annual report together with the audited financial statements of the Charity for the
year ended 5 April 2025. The Trustees confirm that the Annual Report and financial statements of the charity
comply with the current statutory requirements, the requirements of the charity's governing document and the
provisions of the Statement of Recommended Pr8Ctice ISORPI applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applieable in the UK and Republic of Ireland IFRS1021
leffective 1 January 20191.
Objectives and activities
a. Polieies and objectives
The Charitable Trust is constituted by Trust Deed Idated 20 December 1968," amended on 12 March 2008",
further amended on 21 August 20131 and its public benefit objectives and aims are lo apply the Trust Fund and
Income thereof for general charitable purposes.
ChariL9ble grants are made and interfaith acb'vities promoted and supported as decided by the Trustees from
lime to lime, Details of significant activities are given below.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidanee 'Public benefit." running a
charity IPB21'
b. Main activities undertaken to further the Charity's purposes for the public benefit
The main 8Ctivities of the Charity during the year was that of making grants lo charitable institutions for gener81
charitable purposes and in preparing for and then undertaking the important events sel out next.
Achievements and performance
Main achievements of the Charity
The Trustees eonsider that the performance of the Charity this year has been excellent. During the year, the
Charity made grants to charitable institub'ons for general charitable purposes. The Charity continued ils support
lo the Woolf Institute in the Univèrsity of Cambridge, also lo Queens, College, Cambridge for the annu81
Sigmund Sternberg LLM Sludentship. The Chair of the Foundation was the guest of the President of Queens,
College Cambridge in April 2024 and 2025 when the College honoured the eontribulion of the Charity to legal
education in the name of the late founder. The Trustees Continued the promotion and support of education in
the field of racial and ￿ligIouS activities.
The Trustees continued the promotion and support of education in the field of racial and religious activities
linterfaith activitiesl, in particular, between the three Abrahamic faiths Ichrislian, Jewish and Muslim).
The Foundation also continued its SUPFX)rt for the P8rli8mentors Project, which is 8 unique undertaking, and
which is currenuy managed by the Faith and Belief Forum.
The Trustees continued their SUPF)Ort for progressive organisalions including the New Israel Fund, the Anne
Frank Charity and a variety of related charitable causes.
The Trustees Under the flag of the annual Sir Sigmund Slernberg Memorial Lecture hosted an important
interfaith discussion 8t Grays Inn in January 2025, which was addressed by a leading Imam, an important
female Bishop in the Chuffh of England and a Senior Rabbi in the Progressive wing of the Liberal Reform
Jewish movement. The topic related to the difficulties of inlerf8ith work following the atrocities on October 7th,
2023, and what followed. There was a constructive discussion and further work in this area is planned.
Page 2

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Achievements and performance Icontinuedl
The Trustees prepared for the Slernberg Interfaith Gold Awards and subsequenuy made three awards of the
Medallion in May 2025, when, in 8 well-attended and wam event al Gray's Inn, London WC2 when the three
cipients were Professor Jub. Joh81 OBE, L8ur8 Marks CBE and Julie Siddiqi MBE, whose details are 8S
follows".
Julie Siddiqi MBE
Julie is Co-founder of The Big Iftar. This during Ramadan, creates hund￿dS of eommunity events. Her work in
interfaith led lo her being given the Points of Light Award by then Prime Minister Theresa May. Julie was
previously a member of the National Muslim Women's Advisory Group and many important groups working in
this field. She is a Govemor of two Ioc81 schools. She was p￿vIouslY listed by the Times in the 100 Most
Influential Muslim Women in the UK. She is Co-founder of Nisa-Nashim the Jewish and Muslim Women's
Network, the largest network of ils kind in Europe. Julie is a Steering Committee member of the Together
Coalition chaired by Archbishop Justin Welby She was made an MBE in the Queen's Birthday Honours List
2020 for Services Promoting Interfaith Understanding.
Laura Marks CBE
Laura is the Founder and Chair of Mitzvah Day, the UK'S biggest failh-based day of social action. She was
Senior Vice President of the Board of Deputies of British Jews from 2012 for three years. She chaired the
government's inter faith project - A Year of Setviee She is now Advisor to the new Sadaqa Day, the Muslim
version of Mitzvah Day. She is the Chair of the Holocaust Memorial Day Trust. She was made 8 CBE in 2023
Jagbir Jhutti-Joh81 OBE
Jagbir is a senior lecturer in Sikh Studies at the University of Birmingham. Her research covers issues of gender
inequality, Sikh identity, racialisation, mis18ken identity and many which confront the Sikh community. She h8S
been on The Commission on Religion and Belief in British Public Life. She is a steering group member on the
UK Freedom of Religion Forum She is on the Panel of Experts on Freedom of Religion or Belief She was made
an OBE for seNices to Higher Education, Faith Communities and the Voluntary Sector.
Page 3

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Achievements and performance Icontinuedl
The Trustees prepared and implemented the Times Sternberg Active Life Awards together with the Times
Newspaper and the presentations were made with the kind permission of the Chancellor of the Exchequer 8t
11, Downing Sl in April 2025. The winners were.
Or Denis Durno
Dr. Denis Durno MBE, DL, MD, FRCGP in recognition of his lifelong dedication to heallhc8re, social enterprise,
and community development. A general practitioner for over 36 years, he was honoured with an MBE for his
contributions lo heallhc8re and his community. His involvement with C8mphill Schools bègan in the late 1960s
when he sought specialized education for his sons, two of whom have leaming disabilities. Camphill Schools
and Newton Dee Village, founded by Austrian refugees in Aberdeenshire, emphasize Rudolf Steiner's
8nthroposophical principles in their approach lo education and eommunily living. Durno and his wife Audrey
formed 8 lasting connection with Camphill, both locally and internationally. In 1999, he was asked lo support the
crèation of a bakery and coffee shop in Aberdeen lo provide meaningful work for adults with learning disabilities.
When the original founders stepped away, he took full leadership.. founding The Bread Maker in 2006. His
efforts secured a property, raised over £1 million, and creatèd a thriving soci81 enterprise, offering
8pprentieeships and skills training. The Bread Maker has since supported over 200 individuals, improving their
physical and mental wèll-being while fostering independence. The initiative's success has been reeognized by
social care partnerships and the wider eommunily. Though Dr. Durno stepped down as chairman in 2008, he
remains a key mentor and advocate. His vision continues to inspire, demonstrating how holistic support can
empower individuals with disabilities to live active, fulfilling lives.
Roey Burden
In 2003, Having been a volunteer for the Victim Support Service for many years she immediately sel about
developing the Coroners Court Support Setvice ICCSSI. From their start with just 2 volunteers in the
Westminster Coroner's Court, she continued lo work tirelessly lo extend the service throughout the country and
now they have 370 volunteers (plus 45 in training at time of writingll in 49 courts covering 44 coronial areas.
She is going to be 93 this year and is still a Trustee of the charity, still working each week to ty and oise funds
in these tricky times and still Iravelling around the country lo meet as many of the volunteers as she ean. Over
the years she has made numerous presentations to raise awareness of the charity and was even interviewed for
a re￿nt podcast A Lawyer Talks by Joshua Rozenberg114110120241.
Dr Ben Essex
Dr. Essex, for his pioneering work in developing decision pathways that empower parents of children with
special educab'onal needs and disabilities ISENDI to navigate Complex legal systems. A medical doctor with
huge experience in Africa, Indi8, and South America, he worked as a eonsultant for the Wodd Health
Organizalion IWHOI on a 12-year research project focused on diagnosing and managing medical, obstetric,
and mental health Conditions in underserved a￿as. Following his ￿tirement in 2014, al the agè of 74, Dr. Essex
trained as a volunteer with the Independent Provider of Special Eduealional Advice IIPSEAI, providing legal
advice and Tribunal support to parents seeking assessments and provisions for their children. Serving as a
Iruslee from 2016 to 2022, he becamè incressingly aware of the challenges parents face due to bureaucratic
obstacles and lack of aceessible legal guidance. Between 2020 and 2023, 8t over 80 years old, Dr. Essex
dedicated 6,000 hours to developing 8 comprehensive set of 56 interlinked decision pathways, designed to help
parents without legal training navigate SEND laws and appeal un18wful decisions. Working with Nottingham
Univèrsity computer science students, he created a user-friendly website that has since been accessed by over
14,000 parents. In 2023, he tmnsferred the intellectual eopyrighl to Liverpool University, ensuring the pathways
remain free and accessible. Dr. Essex's work has empOWe￿d families, reduced reliance on costly leg81
profession81s, and significanlly improved access to SEND support for some of society's most vulnerable
children.
Page 4

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Achievements and performance Icontinuedl
Sarah Hosking
Sarah Hosking, now in her mid-80s, for her extraordinary dedication to supporting women writers and artists.
Over Iwo decades ago, she established the Hosking Houses Trust using a personal inheritance to e￿ale
unique residency program for women over 40. This initiative provides 8 peaceful retreat in 8 Watwickshire
village, allowing residents to focus on their creative work without external obligations. Sinee its inception, the
Trust has expanded, offering bursaries and, more recently, acquiring a second cottage to support more artists.
Sarah's commitment to the arts began early in her career after studying painting and working in arts
8dminislralion. She played 8 pioneering role in incorporating visual arts into NHS hospi181s, including
Broadmoor, and later pursued an MA in Tudor history. Her passion for fostering crealivily led her lo transform
Church Cottage into 8 saneluary for writers, inspired by Virginia Woolf s belief in the ne￿SsitY of a room of
one's own. Through relentless fundraising, Sarah secured over £450,000 lo sustain the Trust. She has also
8Uthored books, organized literary events, and received multiple aecolades, induding an MBE in 2024 for her
contributions lo literature and the arts. Despite stepping back from daily opemtions, she remains actively
involved, recently investing her inheritance to expand the Trust's offerings. Sarah Hosking's generosity, vision,
and determination have changed the lives of many women in the arts, providing them with the space and
support needed lo create. Her legacy is one of empowerment, artistic enrichment, and unwavering dedic8tion.
Ivan Lyons
In August 2020 aged 31, Joseph Lyons unexpectedly took his own life. Ivan was 75 al the lime. Joe's Dad and
he, decided to create "Joe's Buddy Line Charity" in Joe's legacy and lasting memory, which was approved in
January 2021 by the Charity Commission. The charity aims lo promote and protect the mental health of young
people, from Primary school to University. Ivan is 8 school Wellbeing Govemor, Governor of two SEN schools
and a Youth Justice Panel Member, all in Surrey. With this experience and his imagination, Ivan innovatively
created over 10 initlstives, in over 30 schools, supporting the eommunily locally and further afield. Not only has
Ivan created 8 network of qualified practitioners for local schools, but he has also worked with psychologists and
lecturers to coale a range of thought-provoking mental health leaflets. Furthermore, Ivan has innovatively
created an approach for young people to think about their own mental health, through an illuminated buddy
board, linking individuals lo their own support group within that school, alongside 8 buddy bench and calm room,
which gives young people a space to release and discuss their own emotions in a way that is appropriate for
them. Ivan is incredibly S￿ela1, coaling something positive from such a tragic circumstance, which can
heighten so many emotions. This takes intense bravery every day. Ivan has not given up and uses the Charity
as a cathartic way lo help manage his grief whilst supporting others. He is a hero, inspiring young people,
teachers, parenlslguardians and governors. He does not stop working on the charity and his work with young
people, as a governor and youth justice panel member. It's his passion. Ivan has and is continuing to have an
influence, effective in helping others support their own ment81 health and deserves this recognition.
Page 5

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Achievements and performance Icontinuedl
Judith Potts
Judith Potts is the Founder of Esme's Umbrella Iwww.charlesbonnetsyndrome.ukl which is the only charity
dedicated lo raising awareness of Chades Bonnet Syndrome. It began as a Campaign in 2015 and became a
charity in 2021, when she was 72. Charles Bonnet Syndrome ICBSI causes vivid, silent, visual hallucinations -
often frightening when a variable amount of vision has been lost. 11 is not a mental heatth condition but, for
nearly two centuries, has been misdiagnosed as such, or dismissed as unimportant. There are an estimated 1
million people in the UK who live with the condition, many of whom kept silent, fe8ring the hallucinations meant
they were 'losing their minds,. Too often, those who did confide in a GP or hospital doctor, found themselves in
8 psychiatric ward. Judith is n()w 75 and continues her full-time, unpaid work. She speaks 8t conferences, runs
events, contributes to Webinars, reassures and exp18ins CBS lo the countless people who contact her,
contributes lo CBS research projeets, rsises funds and writes about the subject for all types of publications, plus
working with scriptwriters to bring CBS to 8 television audience. The work of Judith's one-woman charity
successfully persuaded the World Health Organisalion to recognise CBS as 8 condition in ils own right, with a
code in ICD 11," raised awareness of the Condition to the level where more ophthalmologists now discuss CBS
with their patients", and estsblished the UK as the global leader of CBS research. Since the age of 70, her work
has been focused on children and young people. Doctors assumed that CBS was 8 condition of adults only but
Judith's determination to disprove the medical assumption was successful. Judith's mission is to ensure that
every he81thcare professional will be aware of CBS", that no child nor adult is left lo cope alone with CBS,
disturbing hallucinations," that the NHS will be persuaded to design 8 proper pathway for diagnosis, and that
CBS research will find the treatments to 811eviate this debilitating, distressing and little-understood condition.
The Trustees offer warm thanks lo Sir John Rilblat, who is the Chair of the Judges of the Times Slernberg
Active Life Awards, and to all of its Judges who worked so hard in choosing the winners in 8 highly competitive
arena.
The Chair of the Charity would also like to thank the Trustees and Mr Josh Cass for their ongoing and v81u8ble
commitment in the year lo the affairs of the charity and lo ils well-being.
Financial review
a. Going coneem
After making 8ppropriale enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial statements. Further details ￿gardIng the adoption of the
going concern basis ean be found in the aceounling policies.
b. Reserves policy
The Trustees have examined the requirement for f￿e reserves which are those unrestricted funds not invested
in Fixed Assets. 11 is the policy of the charity to maintain free reserves at 8 level considered adequate lo provide
sufficient funds to enable it lo meet its charitable commitments as they f811 due," the free reserves amounted lo
£927,731 12024. £159,522). Designated funds have been created up lo an amount equivalent to the value of
fixed assets held as these represent funds not immediately available for making charitable grants or for making
payments for general charitable purposès. Designated funds amounted to £18,166,62412024." £3,048,545).
Page 6

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
c. Financial review
The main source of the charity's income is investment income in the form of rentsl income received from
investment properties and the dividènd income from its holding of shares in Slarmount (Securities) Limited,
which holding was transferred to it from the Executors of the late founder's esL9te in November 2024. The
Iruslees consider that the income yield is considerably more 8ttr8ctive than might reasonably be obtained in
other areas with a similar risk Iminimuml profile and the investment property portfolio is considered to rep￿sent
a good over811 investment return.
Details of income and expènditure are shown in the Statement of Financial Activities and the notes lo the
financial statements give details of the expenditure which has supported the activities of the Charitable
Foundation during the year in meeting its key objectives.
The charity's assets are held for general charitable purposes as specified in the Trust Deed dated 20 December
1968 and the Board of Trustees consider that the financial position of the charity al 5 April 2023 is sab'sfactory.
The quoted investments and freehold, leasehold and ground rent investment properties held by the eharily have
been acquired in aceordanee with the powers available lo the Iruslees. The trustees, have estimated the fair
values of the investment properties and the quoted investments details are shown in the notes to the Financi81
Statements.
During the year there were unrealised gains of £NIL12024". £219,45018nd unre81ised losses of £72,59512024".
NIL) arising on revaluation of investment properties.
d. Financial risk management
The trustees continually review the affairs of the charity to identify any major risks which the charity faces. In
order to lessen such risks, the trustees previously appointed Property Management Agents to manage all of the
charity's investment properties and ￿port lo the trustees with their recommendations in regard thereto," the
Iruslees consider that this appointment, combined with the policy of maintaining Free Reserves and Designated
Funds at the levels set out above, will ensure that the charity has sufficient resources in the event of adverse
conditions arising. The Iruslees consider that the charity does not face any other significant businèss or
operational risks.
Structure, govemance and management
a. Constitution
Sir Sigmund Sternberg Charitable Foundation is a registered charity, number 257950, and is eonslituled under
Trust deed.
Page 7

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Structure, govemance and management Icontinuedl
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Appointment of trustees is governed by the Trust Deed of the charity. The trustees are responsible for the day lo
day administration of the charity and hold periodic trustees, meetings.
The Trustees who served during the year and up to the date of signature of the financial statements were.
Michael V Slernberg OBE KC KCFO
Noam Tamir
Martin D Paisner CBE
Jeremy Simon Smilg
Dilwar Hussain MBE (resigned 16 November 20251
Jonathan Ronald Kropman
The Board of Trustees is authorised to appoint new Iruslees to fill vacancies arising through resignation or
death of an existing trustee. The Board of Trustees ensures that the skill requirements of Iruslees are kept
under review. New Iruslees, if required, are sought by recommendation from existing trustees and are given a
synopsis of the history of the charity, ils development, current activities and future plans, and the required
training is given by existing trustees
The Sir Sigmund Sternberg Charitable Foundation wishes to express ils appreciation of the efforts of its
trustees and 811 those 8SSOCi8ted with it over the18St year.
De18ils of the related p8ty transactions are shown in note 22 of the notes to the Financial Stalemenls.
c. Investment powers
The Trust Deed authorises the trustees lo make and hold investments using the gener81 funds of the charity.
Plans for future periods
The charity will continue its current activities for public benefit.
Page 8

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the fin8nci81 statements in accordance with
8pplic8ble law and United Kingdom Accounting Standards Iunited Kingdom Generally Aecepled Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for
each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources
and 8ppIic8tion of resources, including its income and expenditure, for that period. In preparing these financi81
statements, the Trustees are required to".
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021",
make judgements and accounting estimates that are reasonable and prudent",
stale whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject lo any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Oisclosure of infomiation to auditors
Each of the persons who are Trustees al the time when this Trustees. report is approved has confirmed Ihal..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are
unaware, and
that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of
any relevant audit informab'on and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, BKL Audit LLP, have indicated their willingness lo continue in offi￿. The designated Trustees will
propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Mickaeé VS6ekHbeks
Michael V Sternberg OBE KC KCFO
Ichair of Trusleesl
Dale..
1410112026
Page 9

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR SIGMUND STERNBERG CHARITABLE
FOUNDATION
Qualified opinion
We have audited the financial statements of Sir Sigmund Stemberg Charitable Foundation Ilhe 'charity'l for the
year ended 5 April 2025 which comprise the Slalement of financial activities, the Balance sheet, the Slalement
of cash flows and the related notes, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, Iunited Kingdom Generally A￿pted Accounting Practi￿1.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities
preparing their accounts in accordan￿ with the Financial Reporting Standards applicable in the UK and
Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of
Recommended Practice issued on 1 April 2005 which is referred to in the exlanl regulations bul has been
withdrawn.
This has been done in order for the accounts lo provide a true and fair view in accordance with the Generally
Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Except for the effects of the maller described in the Basis for Qualified Opinion section of our report, in our
opinion the financial statements..
give a true and fair view of the stale of the charity's affairs as al 5 April 2025 and of ils incoming
resources and application of resources for the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for qualified opinion
As described hereinafter in note 26, under the will of the late Sir Sigmund Sternberg 186 'A' ordinary shares in
Stsmiount ISe¢uriliesl Ltd, an unlisted propety company registered In England and Wales, were transferred lo
the charity during the year. The value of those shares were shown in these financial statements al the probate
value as at 18 October 2016 of £15,561,386. The number of shares held makes the charity's holdings
significant investment in an associated company. Al the year end dale, the Investment is held at probate value
and the charity has not obtsined a reliable fair value estimate for this investment. The investment continues lo
be carried al the original probate value. Legacy income is also shown at the 2016 probate value.
As per s.14 of Financial Reporting Standard 102, this conslitules a departure from the requirements of FRS 102
which requires that Investments in Associates be accounted for using fair value If reliably measurable. The
absence of a current fair value adjustment may materially affect the carrying value of the investment and related
disclosures. Consequently, we were unable lo determine the adjustments that might be ￿e￿$Sary lo the
carrying amount of the investments In the financial statements.
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the
ethical requirements that are relevant to our audit of the financial statements In the United Kingdom, including
the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our qualified opinion.
Page 10

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR SIGMUND STERNBERG CHARITABLE
FOUNDATION ICONTINUEDI
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going con￿rn basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast signilicanl doubt on the charity's ability lo continue as
going con￿rn for a period of al least ￿e1ve months from when the financial statements are aulhorised for
issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
other information
The other information comprises the information included in the Annual report other than the financial
slalements and our Auditors. report Ihereon. The Trustees are responsible for the other information contained
within the Annual report. Our opinion on the financial statements does not cover the other information and,
except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a material
misslatemenl in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
other than the impact of the details sel out in the basis of opinion above, which would potentially impact the
closing reserves of the charity, we have nothing to report in this regard.
Matters on which are required to report by exception
other than the impact of the details sel out in the basis of opinion above, we have nothing lo report in respect of
the following mallers where the Charities (Accounts and Reportsl Regulations 2008 requires us lo report to you
if, in our opinion..
the infomialion given in the Trustees, report is inconsistent in any material respect with the financial
slalements., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
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SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR SIGMUND STERNBERG CHARITABLE
FOUNDATION ICONTINUEDI
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
Trustees determine is ne￿SSary to enable the preparation of financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial slatemenls, the Trustees are responsible for assessing the charity's ability lo continue
as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern
basis of accounting unless the Trustees either intend lo liquidate the charity or to cease operations, or have no
realistic allernalive bul to do so.
Auditors. responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl, whether due lo fraud or error, and lo issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assuran￿, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delect a material misstalemenl when il exists. Misstalemenls can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial stalemenls.
Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of
irregularities, including fraud. The extent lo which our procedures are capable of delecling irregularities,
including fraud is detailed below..
Enquiring of management and those charged with governance around actual and potential litigation and
claims",
Reviewing board meeting minutes of meetings of those charged with governance,
Reviewing financial statement disclosures and testing to supporting documentstion to assess compliance
with applicable laws and regulations.,
Performing audit wort< over the risk of management override of controls, including lesling of journal entries
outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading lo a material misslalemenl in the financial stslemenls or non-complian￿ with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial ststemenls, as we will be less likely to become aware of InStan￿S of non-compliance.
The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.o
.ukJaudilorsres
onsibilities. This description forms part of our
Auditors, report.
Page 12

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR SIGMUND STERNBERG CHARITABLE
FOUNDATION ICONTINUEDI
Use of our report
This report is made solely to the charitys Iruslees, as a body, in accordan￿ with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the
charity's trustees those mallers we are required lo stale to them in an Auditors. report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the
charity and its Iruslees, as a body, for our audit work, for this report, or for the opinions we have formed.
BKL LLP
BKL Audit LLP
Chartered Accountants
Statutory Auditor
35 Ballards Lane
London
N3 1XW
Dale..
14101/2026
BKL Audit LLP are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006.
Page 13

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED S APRIL 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Investments
15,633.468
687.212
15,633.468
687.212
71.000
309,318
Total income
16,320,680
16,320,680
380,318
Expenditure on:
Propety management
Charitable activities
93.948
267.849
93.948
267.849
95.321
309,522
Total expenditure
361,797
361,797
404,843
Net incomel{expenditure) before net {lossesllgains
on investments
Nel Ilossesllgains on investments
15,958.883
172,5951
15,958.883
172,5951
(24,525)
219,450
Net movement in funds
15,886.288
15,886.288
194.925
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
3,208.067
15,886.288
3,208.067
15,886.288
3,013,142
194,925
Total funds carried forward
19,094.355
19,094.355
3,208.067
The Ststemenl of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 17 to 35 form part of these financial statements.
Page 14

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2025
2025
2024
Note
Fixed assets
Tangible assets
Investments
Investment propety
12
4,033
15.561.386
2.601,205
4. 745
14
13
3, 043,800
18,166,624
3, 048,545
Current assets
Debtors
15
42.420
370,000
615,183
51,780
Investments
Cash al bank and in hand
16
200,435
1,027.603
252,215
Current liabilities
Creditors.. amounts falling due within one
year
17
199,8721
(92, 693)
Net current assets
927.731
159.522
Total assets less current liabilities
19.094,355
3,208,067
Total net assets
19,094,355
3,208,067
Charity funds
Reslricled funds
Unrestricted funds
19,094,35S
3,208,067
Totsl funds
19.094,355
3,208.067
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Michael V Sternbery OBE KC KCFO
(Chair of Trustees)
Dale..
1410112026
The notes on pages 17 to 35 form part of these financial statements.
Page 15

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED S APRIL 2025
2025
2024
Cash flows from operating activities
Nel cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
30,960
(18.837)
383,788
2, 762
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
414,748
116.0751
216,510
200,435
Cash and cash equivalents at the end of the year
615,183
200,435
The notes on pages 17 to 35 form part of these financial statements
Page 16

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
General information
The Sir Sigmund Slernberg Charitable Foundation is an unincorporated charity registered with the Charity
Commission for England and Wales. The registered oftice is Star House, 1041108 Grafton Road, London,
NW5 4BA.
Accounting policies
2.1 Basis of preparation of financial ¥tstements
The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 1021-
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 IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements are prepared in sterling, which is the fLJnclional currency of the Charity.
Monetary amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. modified lo
include investment properties and certain financial instruments at fair value. The principal accounting
policies adopted are sel out below.
Sir Sigmund Sternberg Charitable Foundation meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are inilialty recognised al historical cost or transaction value unless
otherwise slated in the relevant awounting policy.
Page 17

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Accounting policies Icontinuedl
2.2 Income
All income is recognised once the Charity has entillemenl lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing enlillement, the probability of
re￿Ipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement lo a legacy exists when the Charity has sufficient evidence that a gift has been left lo
them Ilhrough knowledge of the existence of a valid will and the death of the benefaclorl and the
executor is satisfied that the property in question will not be required to satisfy claims in the eslale.
Re￿Ipl of a legacy must be recognised when it is probable that il will be received and the fair value
of the amount re￿1Vable, which will generally be the expected cash amount lo be distributed to the
Charity, can be reliably measured.
Income tax recoverable in relation lo investment income is recognised at the lime the investment
income is re￿1Vable.
Page 18

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Accounting policies Icontinuedl
2.3 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation lo transfer economic
benefit lo a third party, il is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly lo that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een those
activities on a basis consislenl with the use of resources. Central staff costs are allocated on the
basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fvndraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made ex￿pt in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions allaching are
fulfilled. Grants offered subject to conditions which have not been met al the year end are noted as
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into ils intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, on a reducing balan￿ basis.
Depreciation is provided on the following basis..
Fixtures and fittings
15Q/o Reducing balan
Page 19

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Accounting policies Icontinuedl
2.6 Investments
Fixed asset investments are a form of financial instrument and are inilialty recognised al their
transaction cost and subsequently measured at fair value al the Balance sheet dale, unless the
value cannot be measured reliably in which case il is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl
on inveslmenls, in the Slalement of financial aclivilies.
2.7 Debtors
Trade and other debtors are recognised at the selllemenl amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the dale of acquisition or opening of the deposit or similar
account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation al the Balan￿ sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in selllemenl, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the Charity anticipates il will pay to settle the debt or the
amount il has re￿iVed as advanced payments for the goods or services it musl provide.
Provisions are measured al the best estimate of the amounts required to sellle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Slalement of financial activities as a finan￿ cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised at transaction value and
subsequently measured al their settlement value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.11 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unreslricled funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial
statements.
Investment income, gains and losses are allocated to the appropriate fvnd.
Page 20

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Income from donations and legacies
Unrestricted
funds
2025
Total
funds
2025
Donations
Legacies
38,463
38.463
15,595,005 15,595.005
15,633,468 15,633.468
Unrestrictgd
funds
2024
Total
funds
2024
Donations
46, 000
25, 000
46,000
25,000
Legacies
71, 000
71.000
Investment income
Unrestricted
funds
2025
Total
funds
2025
Rental income
Dividends
303,424
379,311
4,477
303.424
379.311
4.477
Bank interest
687,212
687.212
Page 21

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Investment income Icontinuedl
Unrestricted
funds
2024
Total
funds
2024
Rental income
Bank interest
306,556
2, 762
306,556
2, 762
309,318
309.318
Investment management costs
Unrestrlcted
funds
2025
Total
funds
2025
Propety management expenses
93,948
93,948
Propety management expenses above include managing agents, commissions on the collection of rents,
the day to day management of the property portfolio, including issues relating lo rent arrears, advi￿ on
lease renewals and sales also any agent's commissions on sales.
Unrestricted
funds
2024
Total
funds
2024
Propety management expenses
95,321
95,321
Analysis of grants
Grants to
Institutions
2025
Total
funds
2025
Grants and donations
173,620
173.620
Page 22

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Analysis of grants Icontinuedl
Grants lo
Institutions
2024
Total
funds
2024
Grants and donations
217,089
217,089
The Charity has made the following material grants to institutions during the year..
2025
2024
Name of institution
The Faith and Belief Forum Iformerfy The Three Faiths Forum)
The Faith and Belief Forum - donation towards Offi￿ costs
Woolf Institute
World Congress of Faiths
95,066
12,344
10,000
30
135, 728
22,196
10,000
30
rii
Queen's College Cambridge
New Israel Fund
Anne Frank Trust
My Israel
Royal Free Hospital
Norwood Ravenswood
Teenange Can￿r Trust
Other lamounls less than £1,000>
10,000
12,500
5,000
1,500
10,000
10,000
5,000
2,180
15,000
17,500
2,000
12,600
2,035
173,620
217,089
173,620
217,089
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2025
Total
2025
Direct costs
267,849
267,849
Page 23

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Analysis of expenditure on charitable activities Icontinuedl
Summary by fund type Icontinuedl
Unrestricted
funds
2024
Total
2024
Direct costs
309, 522
309,522
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Grant
funding of
activities
2025
Support
costs
2025
Total
funds
2025
Direct costs
10,888
173,620
83,341
267.849
Activities
undertaken
di￿G11Y
2024
Grant
funding ol
activities
2024
Support
costs
2024
Total
funds
2024
Direct costs
5.958
217.089
86,475
309.522
Analysis of direct costs
Total
funds
2025
Activities
2025
Events costs
10,888
10.888
Page 24

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Analysis of expenditure by activities Icontinuedl
Analysis of direct costs {continued}
Total
funds
2024
Activities
2024
Events costs
5.958
5,958
Anatysis of support Costs
Total
funds
2025
Activities
2025
Service charges and rates
Office rent
Cleaning
Insuran
5,291
4,000
1,440
1,680
766
712
5,291
4,000
1.440
1,680
766
712
Sundry expenses
Depreciation charge
Bank charges
Travel expenses
Information technology
Legal and professional
Governance costs
98
98
859
859
5,211
45,459
17,825
5,211
45.459
17.825
83,341
83,341
Page 25

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
Analysis of expenditure by activities Icontinuedl
Analysis of support costs Icontinuedl
Total
funds
2024
Activities
2024
Staff costs
Service charges and rates
Office rent
Cleaning
Telephone and internel charges
Sundry expenses
Depreciation
Bank charges
Information technology
Leg81 and professional
Governance costs
19,246
6,982
4.000
959
7,045
2,528
837
16
2.120
19,246
6,982
4,000
959
7,045
2,528
837
16
2,120
21,201
21,541
21,201
21.541
86.475
86,475
Auditors. remuneration
2025
2024
Fees payable lo the Charity's auditor for the audit of the Charity's annual
accounts
13,650
12,750
Fees payable lo the Charivs auditor in respect of.
All non-audil services
4,175
3,500
17,825
16,250
Page 26

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
10. Staff costs
2025
2024
Wages and salaries
12,274
12.274
The average number of persons employed by the Charity during the year was as follows".
2025
No.
2024
No.
Admin staff
No employee received remuneration amounting to more than £60,000 in either year.
11.
Trustees. remuneration and expensos
On 20 November 2024, 122 shares in Starmounl Isecuriliesl Limited were transferred into the charity, at
which date Slarmount (Securities) Limited became an associated company of the Sir Sigmund Sternberg
Charitable Foundation. Two Trustees re￿1ve remuneration from Martin Slowe Estates Limited, a
subsidiary of Stamiount Isecuriliesl Limited, in respect of preexisling employment with that company.
The level of these salaries has been reviewed by an independent remuneration consultant and approved
by the non-conflicled Trustees. The value of Trustees, remuneration, for the period 2D November 2024 to
5 April 2025, and other benefits relating to this employment during the year was as follows..
2025
2024
Michael V Slernbery OBE KC KCFO
Noam Tamir
Remuneration
88,121
74,520
Remuneration
During the year ended 5 April 2025, £832 (2024 - £4451 were reimbursed to two trustees in respeel of
Iravelling expenses.
Page 27

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
12. Tangible fixed assets
Fixtures and
fittings
Cost or valuation
At 6 April 2024
94,911
At 5 April 2025
94,911
Depreciation
At 6 April 2024
Charge for the year
90.166
712
At 5 April 2025
90,878
Net book value
At 5 April 2025
4,033
At 5 April 2024
4, 745
Page 28

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
13. Investment property
Freehold
investment
property
Valuation
At 6 April 2024
Revaluation losses
Transfers lo current assets
3,043,800
{72,5951
1370.0001
At 5 April 2025
2.601,205
Investment properties comprise the following..
Freehold Properties
2,4,6 & 8 The Bridge, Chippenham, Wilts
10 & 12 The Bridge, Chippenham. Wills
14 & 16 The Bridge, Chippenham, Witts
18 The Bridge, Chippenham, Wilts
20122 The Bridge, Chippenham, Wilts
47 Union Street, Adershot, Hants
Long Leasehold Properties
Supermarket, 41 St John's Way, Corringham, Essex
The properties were revalued on S April 2025 by a professional valuer, Marc Robson Ltd. Historical
acquisition value of those properties were £2,417,165.
14.
Fixed asset investments
Unlisted
investments
Cost
Additions
15,561.386
At 5 April 2025
15,561,386
The investments comprise 186 shares of Starmounl Isecuriliesl Limited and are held at probate value as
at October 2016. These shares have not been revalued to fair value al the balan￿ sheet dale. Please
see note 26 for further details.
Page 29

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
15. Debtors
2025
2024
Due within one year
Prepayments
42,420
51,780
42,420
51,780
16.
Current asset investments
2025
2024
Investment propety
370,000
Short Leasehold Properties. Ground and First Floors of Star House, 1041108 Grafton Road, London,
NW5
17.
Creditors- Amounts falling due within one year
2025
2024
Other tsxalion and social security
Accruals and deferred income
15,908
83,964
22,440
70,253
99,872
92.693
Included in Accruals and deferred income is deferred rental income in the current year for £67,13712024'.
£45,968) with amounts released in the year of £45,96812024.' £47,073). This is deferred as rental income
was re￿iVed relating to a period post 5 April 2025.
18.
Financial instruments
2025
2024
Financial assets
Financial assets measured at fair value through Income and expenditure
16.546,569
200,435
Page 30

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
19. Summary offunds
Summary offunds - current year
Balance at 6
April 2024
Transfers
inlout
Gainsl Balance at 5
{Lossesl
April 2025
Income Expenditure
Designated
funds
3,048,545 15,561,386
159,522
759.294
1712) 1370,0001
1361.085)
370,000
72,5951 18,166,624
927.731
General funds
3.208,067 16,320,680
1361,797)
172,5951 19,094.355
The trustees have established a Designated Fund lo match the fixed asset investments of the charity.
Each year there is a transfer into or OLJt of the Designated Funds from or to the General Funds so that
the closing balance equals the fixed asset investments.
Summary of funds - prior year
Balan￿ at
l April 2023
Transfers
in/out
Gainsi
Balan￿ at
(Losses) 5 Apnl 2024
Income Expenditu
Designated
funds
General funds
2,830, 962
182,18Q
217,583
(217, 583)
3,048.545
159,522
380,318
(404,843)
219,450
3.013, 142
380.318
(404,843)
219,450
3,208.067
Page 31

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
20.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
4,033
4.033
15,561,386 15,561.386
2,601,205
2,601,205
1,027,603
1,027.603
{99,8721
199.8721
Total
19,094,35S 19,094,355
Analysis of net assets between funds - prior year
Unreslricled
funds
2024
Total
funds
2024
Tangible fixed assets
Investment propety
Current assets
Creditors due within one year
4, T45
3,043, 800
252,215
(92, 693)
4, 745
3,043,800
252,215
(92,693)
Total
3.208, 067
3,208.067
Page 32

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
21.
Reconciliation of net movement in funds to net cash flow from operating activities
2025
2024
Nel income for the year las per Statement of Financial Aeliviliesl
15,886,288
194,925
Adjustments for:
Depreciation charges
Revaluation
Dividends, interests and rents from investments
Investments wrillen off
Decreasellincreasel in debtors
Increase in t￿dItorS
Shares transferred as part of legacy
712
72,595
1383,7881
837
(219,450)
(2. 762)
1.030
(21,344)
27,927
9,360
7,179
115.561,3861
Net cash provided byl(used inl operating activities
30,960
(18,837)
22. Anatysls ofcash and cash equlvalents
2025
2024
Cash in hand
615,183
200,435
Total cash and cash equivalents
615,183
200,435
23. Anatysis ofchanges in net debt
At 6 April
2024 Cash flows
At 5 April
2025
Cash al bank and in hand
200,435
414,748
370,000
615.183
370,000
Liquid investments
200.435
784,748
985.183
Page 33

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
24. Contingent liabilities
The charity owns a long lease of floors at Star House, 105, Grafton Road, Kentish Town, London
NW5 4BA . The lease contains a qualified repairing covenant so the Charity has in this respect a liability
lo the freeholder of the building which is a firm called Finer Homes Limited. One of the Iruslees of the
charity is a director of Finer Homes Limited and the shares in Finer Homes Limited were held currently by
the executors of the eslale of the late Sir Sigmund Slernberg, who are themselves also trustees of the
charity. In the year covered by these accounts no issues arose in relation to these relationships or the
However il is likely that in sUC￿eding years mallers will arise requiring payment by the charity towards its
repairing obligations under the lease. At that point the Iruslees of the charity will lake expert building
surveying advi￿. It is not possible al this stage lo quantify what those liabilities might amount to.
25. Related party transactions
Finer Homes Limited
The Charity leased office premises from Finer Homes Limited, a company of which Noam Tamir is a
director land Martin Slowe until his death on 17 April 20231, at a rent of £4,000 per annum for the year to
5 April 2025 12024.. £4,000). Finer Homes Limited was enlilled to receive £36,792 12024.. £35,754) from
the charity relating lo service charges. The Charity leases part of one of its premises lo a relative of one
of the Trustees for a commercial rent of £15,000 per annum {2024'. £15,000) the rale having been
independently assessed.
Faith and Belief Forum
The Charity made a grant lo the Faith and Belief Forum of £95,06612024.' £135,7281 a charity of which
Michael Sternberg OBE KC KCFO was its Honorary President and Noam Tamir was a trustee. A
donation towards the oftice costs of £12,344 {2024.' £22,196) was also made.
New Israel Fund
£12,50012024.' £17,500) was granted to the New Israel Fund a charity of which Martin Paisner CBE is a
Iruslee.
Payne Hicks Beach
£28,680 12024.. £NILI was paid lo Payne Hicks Beach for legal advice to the Iruslees, a firm in which
Martin Paisner CBE is a partner. No amount was paid directly or indirecuy to Martin Paisner CBE who
provides lime and advi￿ lo the charity for no reward.
starmount Securities Limited
Two Iruslees of the charity, M V Slernberg and N Tamir, also serve as directors of Slarmounl Securities
Limited. M V Sternberg holds a minority personal shareholding in the company. MV Stenberg, M D
Paisner & N Tamir also hold minority interests as Iruslees for certain beneficiaries. These interests are
held in a personal capacity and are not connected with the charity's 43.669A shareholding.
Page 34

SIR SIGMUND STERNBERG CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
26. Legacy receivable
The balance of the residuary estate of the late Sir Sigmund Sternberg, whatever that eventually may
amount lo, is held for the trustees of the charitable foundation.
Under the will of the late Sir Sigmund Sternberg, who died on 18 October 2016, this charity was left
whatever might be left within the residuary estate of the deceased, after inter alia111 All the costs of the
adminislralion of the estate had been discharged., 121 The payment of all inheritance tax and all other
taxes had been completed., 131 The payment of all specific bequests,. and 141 the exercise by the
Executors of the Estate of powers expressly conferred upon them under the will of the leslator.
When the estate is wound up, the residuary estate will comprise a number of "A. ordinary shares in
starmounl Isecuriliesl Ltd. This is an unquoted property investment company. The value of this bequest
of the residuary eslale is not currently aS￿rtainable, inter alia because the administration of the estate is
continuing. In the year lo 5 April 2025, 186 A" ordinary shares, valued at probate valuation of
£15,561,386, were transferred to the charity, leaving a small balance lo be transferred On￿ liabilities lo
HM Revenue & Customs are sellled. Whilst there is clarity over the description of the gift under the terms
of the will, the remaining balance has not been brought into account in these financial slalemenls of this
Charity for the year ended 5 April 2025, principally because ils ultimate extent and its value when it vests
is currently unknown. They Trustees are of the opinion that the costs lo revalue these shares OU￿e1gh
the benefits to the users of these accounts. The Trustees will seek lo have the shares formally valued
once the final amount lo be transferred is known.
Michael Slemberg OBE KC KCFO and Noam Tamir are Executors of the Estate of the late Sir Sigmund
sternberg. They are also together directors of Slarmount {Securiliesl Limited.
Page 35