The Spurrell Charltable Trust
Icharity RegiStrat￿n Number.. 267287}
Accounts for the year ended 5th Aprll 2024
Office Copy
Raihhont ntLri CoMpwlJiwiRd

The Spurrell Charitable Trust
Accounts for the year ended 5th April 2024
Index
Page
Trustees, Annual Report
Independent Examinevs Report
Statement of Financial Activities
Balance Sheet
9-15
Notes to the Accounts

The Spurrell Charltable Trust
Accounts for the year ended 5th AprlS 2024
Trustees, Annual Re
ort
The Trustees of the Spurrell Charitable Trust have pleasure in submitting their Annual Repcrt and
Financial Statements in respect of the year ended 5th April 2024.
Objectlve8 and AC￿vItIeS of the Charlty
In accordance wth the Chanty's governing document, the Trustees have complete discretion over
the application of the capital and income funds of the Trust towards wholly charitable purposes or
institution5, including the founding thereof.
To further the Charrf(y's purwse5 for the public benefit, the Trustees make grants and aim to distribute nel
annual income arisirsg. The Trustees meet annually to consider and agree donations to be made.
The Trustees hold Unrestricted Funds and go all funds are available to meet the charity's objectives.
The Charity's incoming resources are mainly generated by its investment assets and fund raising
activities are not normally carried out.
The Trustees confinn that there have been no changes lo Ihe charity's objective8 during the year.
Grant makin
The Gharily supports registered UK charities only. The trustees will not consider applIcat￿nS from
Community Intere51 Companies, not-for-profrt organisations or from individuals seeking sponsorship for
educational and research travel or fund raising.
The Trustees consider appli¢ation5 from national charitie5. including Scotland if they operate across the UK.
The Trustees have resolved to give preference to purposes and organisations in the County of Norfolk.
The Trust supports a wKle range of charities but aims to address the root cause of problems, rather than
provide funding towards projects focussing on after care services such as counselling
All applications which meet the criteria listed will be considered at the annual trustee meeting in September.
Successful applicants are paid by bank transfer shortSy thereafter. No correspondence wll be entered into
Unsuc￿$$ful applicants should not re-apply for a minimum of 2 years.
Grants awarded are usually in the sum of £1,000. Larger grants are only made for charities in the following
circumstances..
Those which a current trustee ha5 Klentified and all trustees are in agreement wlh.
Those which align with the original wishes of our benefactor .

The Spurrell Charltable Trust
Accounts for the year gnded 5th April 2024
Trustees, Annual Report
Achlevements and Performance
Grants
During the year grants were made to 39 organisations (40 in 20231 lotalling £91.000 {£98.500 in 20231- A
list of the donations made is shown within the notes to these accounts.
The Trustees are pleased lo have met with their i)bjeclive to donate the majority of net income received
during the year. The Trustees also donated unrestricted capital funds.
The Trustees confirm they complied with the duly in s17151 of the Charities Act 2011 to have due regard to
the Charity Commission's Public Benefit guidance when exercising any relevant powers or duties, including
reviewing the Trust's aims and objectives and in planning future activities and selling the grant making policy.
Investments..
The performance of the fund is monitored a3ain5t a bespoke benchmark agreed by the Trustees annual￿.
The Investment Manager provides regular reports to the Trustees, who review the performance of the
The Trustees have established a Policy Statement, which is referenced when reviews are carried out.
Financial Review
Income from investments totalled £82,2281£89,363 in 20231 wth £12,882 {£12,762 in 2023) being used to
generate such funds. Expenditure on ¢harrtable activities tolalled £96.999 (£99,774 in 2023). Net
investment gains tolalled £127,359 (£117,082 losses in 20231 resu￿Ing in a nel increase in funds for the
year of £99,706 {£140,255 decrease in 20231.
As at the financial year-end the Tru51ees held £3,183,840 of funds, compared with £3,084,134 a8 al 5th
April 2023. All funds remained available for use at the Trustees, discretion.
Imenls an
Investment Policies..
The value of the Trusvs investment portfolio as at the financial year-end tolalled £3,130,099 an increase
from £2,981.524 a8 at 5th April 2023.
The Trust's capital is invested in marketable investmen15 or held in cash. There are no specific
restrictions under the governing deed. Their objectives are to secure a reasonable growth in income
consistent wf(h the long lerm preseTvalion of capital in real terms. The objectives are reviewed annually.
The Trustees wsh to ensure that the objectives outlined above are achieved wth an acceptable risk.
This implies the need for diversification of investment of the Trust to include a range of assets,
including fixed interest stocks, UK and overseas shares.
Investments comprise holding5 in UK, large overseas listed companies, unit and investment trusts,
including those investing in major international markets and also fixed interest securities. The
portfolio can therefore include a proportion of medium-sized or smaller UK companies and has
exposure to international markets.

The Spurr¢ll Charitable Trust
A¢¢ounts for the year onded 5th Aprll 2024
Trustees. Annual Report
Assets have been acquired and disposed of in accordance wth the powers available to the Trustees.
The Trustees operate within the constraints applying to trusts governed by the Trustee Act 2000.
The Trustees have reviewed the performance of the investments during the year and consider it to be
satisfactory.
Reserves
The investments provide a relatively secure and predictable stream of income from which grants are made.
The Trustees aim lo distribute a large percentage of income, net of expenses, in each financial year and
therefore do not maintain a specific level of income reserves. The level of Unrestricted Funds held as free
reserves is reviewed by the Trustees at their meetings to ensure they are able lo meet with their current
objecb'ves. The charity had no long-term commitments as at the Balance Sheet date.
Structurey governanGg and management
The Spurrell Charitable Trust (registration no.- 267287) is an unincorporated trust created by Mrs G. V. K.
Spurrell. Ils governing body are the Trustees of a Deed dated 6th April 1960.
The power of appointin9 new Trustees is vested in the then ¢urrent Trustees. Twstee5 are selected
due lo their connection with the current Trustees in accordance with their skills, experience and
understanding of the obligations imposed on such an appointment.
The Trustees meet al least annually to rewew investment performance, in¢ome levels, applications for
funding and the financial statements.
No fund raising is undertaken lo support the work of the charity but it has the right lo accept donations.
The Trustees ensure they are operating within the Cufrenl guidelines by discussing any mallers arising from
updated Charity Commission practice and guidelines and, along wth their own reading, they take advi
from Rathbones Trust Company Ltd.
Risk assessment..
The Charity Trustees have given consideration to the major risks lo which the charity is exposed and
are satisfied that systems or procedures have been established in order to manage those risks.
After considering the areas of governance, operational, financial, environmental and compliance the
Trustees have identified that major negative fluctuations in investment assets could cause a material
risk lo the Charity's funds. In order to mitigate this risk and in accordance wth s15 Trustee Act 2000
the TTuslees have agreed investment policies lo be adhered to the Investment Manager. A Policy
statement is in place and is reviewed at least once a year in line with investment [erforman￿.

The Spurrell Charitable Trust
Accounts for the yèar ended 5th April 2024
Trustees. Annual Report
Referonce and administrative details of th¢ Charlty. its Trustees and Advlsors
Registered Number..
267287
Principal Address..
Harefie1ds, Winslow Ro&J, Little Horwood, Milton Keynes, MK17 OPD
Trustees who served
during the year..
Mrs. Inge H. Spurrell
Mr. Matyn R. Spurrell
Mr. Christopher J Spurrell
Secretary
Adminislralor-
Mrs Shirley spU￿ell
Accountancy..
Rathbones Trust Company Ltd
Independent Examiner.. KeTry Roberts TEP FMAAT MCSI
Bankers and
Investment Managers:
Ralhbones Investment Management
CAF
Plans for the future
The Trust*s continue to monitor investment movements and income levels and are satisfied at the time of
signing the report that they hold sufficient funds to meet wth their future objectives, which are to continue
considering applications for funding received each year and making distribut￿n8 of income or capital al
their discretion.
Statemènt of Trustees, responsibilltle5 for the annual accounts
The Trustees are responsible for preparing a Trustees. Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Praclicel.
The law applicable to charities in England and Wales requires the Trustees lo prepare financial statements
for each financial year which give a true and fair view of the stale of affairs of the charity and of the incorning
resources and application of resources of the charity for that year.
In preparing these financial s18temenls, the Trustees are required to..
select suitable accounting poli￿8 and then apply them consistently..
observe the methods and principles in the Charities SORP IFRS 1021.,
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable UK accounting standards IFRS1021 have been followed, subject lo any material
departures disclosed and explained in the financial slatemenls., and
PTepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
Charity will continue in 05krats'on.

The Spurrell Charitable Trust
Accounts for the year ended 5th April 2024
Trustees, Annual Report
The Trustees are responsible for keeping adequate accounting records that are Suff￿lent lo show and
explain the Charity's transactions 2nd disclose wth reasonable accuracy at any lime the financial position
of the Charity and enable them to ensure the financial statements comply with the Charits'es 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.
Declaratlon
The Trustees are satisfied with the financial position of the Charity and confirm they have adequate assets
available to fulfil their oblvJalions and the accounts comply with the current statutory requirements.
The Trustees declare that they have approved the Trustees, report above..
SITgned on behalf of the Board of Trustèos
Date
As Trustee

The Spurrell Charltable Trust
A¢counts for tho year ended Sth April 2024
Indepèndent Examiner'5 Report
Independent examlner's report to the Trustees of the Spurrell Charitable Trust12672871
I report lo the Trustees on my examination of the accounts of the above charity {"the Trusv) for the year
ended 5th April 2024. which are set out on pages 7 to 15.
Responsiblllties of the Trustees and Independent Examiner
As the charrty's trustees, you are responsible for the preparation of the accounts in accordan￿ with the
requirements of the Charities Act 2011 {"the Act"). You consider that an audit is not required under s144 of
the Act and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under seclK)n 145 of the Act and in
arrying out my examination, I have followed all the applicable Directions given by the Charity Commission
under section 145151{bl of the Act. 11 is my responsibility to state whether parbcular matters have come to my
alention.
Basls of Independent Examlnèr's Report
My examination was carried out in accordano wth the general Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the
accounts presented with those records. It also includes consideration of any unusual items or disclosures in
the accounts and seeking explanations from the trustees concerning any such matters. The procedures
undertaken do not provide all the eviden￿ that would be required in an audit and consequently no opinion is
given as to whether the accounts present a 'true and fair, view. The report 15 limited to those matlers Set out
in the statement below.
Independent Examiner'8 Statement
am a member of an approved body subject to the provisions of the Revised Ethical Standard 2019 issued by
the Financial Reporting Council IFRCI. Rathbones Trust Company has provided bookkeeping services in
accordance with the terms of engagement signed by the Trustees and I do not report lo the bookkeeper in
any respect. I give due consideration to the FRC'S Revised Ethical Standard 2019 at all limes.
I have completed my examination and confirm that no matters have come to my attention which give me
cause to believe that in any material reS￿Ct..
the accounting records were not kept in aceordance with section 130 of the Charities Act, or
the accounts did not accord with the accounting records, or
the accounts did not comply with appI￿able requirements concerning the form and content of accounts
set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the
aocounls givo a 'lrue and fair, view which is not a matter considered as part of independent examination.
I have no concerns and have come across no other matters in connection wth the examination lo which 8llention
should be drawn in this report in order for a proper understanding of the accounts lo be reached.
Kerry Roberts TEP FMAA T MCSI
C/0 Port of Llvery)ool Bullding, Pler Head, Llvgrpool
Date
Page fj

The spur￿11 Charitable Trust
A¢¢ounts for tho year onded 5th Aprll 2024
Statomgnt Of Financial Activities
Unrestricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Not8S
Income and Endowments from:
Investments
Other income
81,432
796
81,432
88,53t
832
Total Income and EndovThents
82,228
82,228
89,363
Expendlture on:
Raising funds
Charitable 8Ctivrties
12,882
96,999
12.882
96.999
12. 762
99. 774
Totsl Expendlture
109,881
109.881
112.536
Net gainslllosses} on investments
127,359
127,359
(117, 082)
Net movement in Funds
99,706
99,706
(140,255)
Reconclllatlon of funds
Unrestricted Funds as at 6th April 2023
3.084.134
3.084,134 3,224,389
Unre8trlcted Fund as at 5th April 2024
3,183,840
3,183,840 3,084, 134

The Spurrell Charltable Trust
Account8 for the year ended 5th April 2024
Balance Sheet
Unrestricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Notes
Flxed Assets
Investments at market value
3,130,099
3,130,099 2,981,524
Total Fixed Assets
3,130,099
3,130.099 2,981,524
Currènt Assets
Debtors
Cash al bank
10
8,441
55,204
8,441
55,204
8, 849
97, 813
Total Current Assots
63,645
63,645
106, 662
Less.. Liablllties
Creditors.. amounts falling due wthin
one year
11
9,904
9,904
4,052
Net Current A8setsllLlabllltles)
53,741
53,741
102,610
Total Net Assets at 5th Aprll 2024
3,183.840
3,183,840 3,084, 134
Represented by..
The Funds of the Charlty
Unrestricted Funds
3,183.840 3,183,840 3,084,134
Total Charity Funds as at 5th April 2024
3,183,840
3,183,840 3,084, 134
The notes on pages 9 to 16 form part of these accounts.
Approved by the Board of Trustees on
and slgned on Its behalf by:
Mr. Marty
As Trusteo
.Spu
Date

The Spurrell Charltsble Trust
Accounts for the year ended 5th April 2024
Notes to the Account8
1 Ac¢ounting Policies
Charity Information
The Spvrrell Charitable Trust is an unincorporated trust govemed by a deed dated 6th April 1960 and
registered in England and Wales (charity number.. 2672871. The principal address is Harefields,
Winslow Road, Little Horwood, Milton Keynes, MK17 OPD.
Accountlng Conventlon
These accounts have been prepared on an 8ccwals basis and going con¢ern basis, and in ¥cordance
th the ac¢ounling policies sel out in this note. The accounts comply with the charity's governing
document, the Charities Act 2011 and "Accounting and Reporting by ChaTiles. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance Mlllh the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (second edition
October 20191 (the Charities SORPI and UK Generally Accepted Accounting Practice.
The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention, modified to include the revaluation of
inve$tments at fair value, unless olhemise stated in the relevant policy note. The principal accounting
policies adopted are sel out below.
The charity has taken advantage of the provi9ions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statement of Cash Fbws.
Going Concern
At the time of approving the accounts. the Trustees have assessed whether there are any material
uncertainties casting doubt as lo whether the charity will continue as a going concem. The Trustees
have concluded they have a reasonable expectation that the charity has adequate resources to
continue in operational existence for the foreseeable future. Accordingly, the Trustees continue to adopt
the'going concern, basis of accounting in preparing the accounts.
Charltable Funds
Unrestricted funds are available for use al the discretion of the charity in furtherance of their
charitable objectives unless the funds have been designated for other purposes.
Income
Income ig re¢ognised when the charity is legally entitled to it after any performance conditions have
been met, the amounts can be measured Teliably and it is probable that income wll be received.
Cash donations are recogniged on receipt. Other donations are recognised once the charity has been
notified of the donation, un5ess performance conditions require deferral of the amount. Income Tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.

The Spurrell Charitable Trust
Accounts forthe year ended 5th April 2024
Notes to the Accounts
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending
distribution, the amount is known and receipt is expected. If the amount is not known, the legacy is
treated as a contingent asseL
All dividend income is recorded net and includes tax deducted only when it is repayable to the Charity.
Expenditure
Expenditure is recognised when paid or when there is a legal or constructive obligation for which it
is more likely than not that a transfer of economic I￿nefIt will be required in settlement and the
amount can be reliably measured as at the reporting date. A constructive obligation exists where
the charity has communicated the commitment lo provide particular goods, services or funding lo
the recipient by the reporting date and there are no conditions allached to ils payment falling due
after the reporting date.
Provisions for liabilities must be recognised when either the b'ming or the amount of future
expenditure required lo sellle the obligation is uncertain. These are dislingui5hed separately on the
balance sheeL If a transfer of resources in no longer required, provisions are reversed and
charged to the SOFA.
Govemance costs consist of those costs associated with the overall running of the charity and meeting
slatulory and regulatory requirements.
Grants are included in the financia1 statements when approved by the Trustees and notified to recipients.
value of committed grants unpaid at the year end is accrued. Grants offered that are subject to
have not been met at the year end are noted as a commitment but not accrued as expenditure.
Investments
Investments held in the fund are included at their market value as follow5..
lal Listed securities are valued at the mid maTkel value ruling at the balance sheet date.
{bl Listed securities held in foreign currencie5 have been valued at the mid market value and
translated into their sterling equivalents al the rates ruling al the balance sheet date.
Ic) Gilts are valued at the mid market value ruling at the Balan￿ Sheet date and include interest
that has accrued up to that dale.
Investments are classified as a fixed asset except when ¢lassifEd as a current asset where the
intention of the Iruslees is lo dispose of the asset and not reinvest the proceeds.
Other r¢¢ognised Galn8 and Losse8
Realised gains and losses on investments are calculated as the difference between sales proceeds
and their market value at the start of the year, or their subsequent cost and are charged or credited
to the Statement Of Financial Activities in the year of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Slalemenl of Financial Activities resulting from revaluing investments lo
market value al the Balance Sheet dale.
io

Tho Spurrell Charitable Trust
Accounts for the year ended 5th Aprll 2024
Notes to the Accounts
Taxatlon
The charity is wl liable lo income or capital gains lax on its charitable activities. Irrecoverable VAT
is included in the asset cost or the expense lo which il relates.
Cash and cash equivalents
Cash at bank and in hand is held to meet short-term cash commitments as they fall due rather than
for investment purposes. Cash and cash equivalents include cash in hand, deposits held al call
th banks, other short-term liquid investments with original maluritie5 of three months or less and
bank overdrafts. Bank overdrafts are shown within b)rrowings in current liabilitie5.
Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Flnancial Instruments. and
Section 12 '0ther Financtal Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity'g balance sheet when the chafity becomes
party to the contractual provisions of the instrument
Financial as8els and li8bililies are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to sel off the recognised amounts and there is
an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously.
Baslc flnancial a88ets
Basic financial assets, which include debtors and Gash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amorlised Cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
is measured at present value of the future receipts discounted at a market rate of interest. Financial
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are inilial5y recognised at transaction
price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rale of interest.
Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment
is due within one year or less. If rH)t, they are presented as non-current liabilities. Trade creditors
are recognised 8t transaction price.
Cancellatlon of flnancial liabilitleg
Financial liabilities are derecognised when the ¢harity's contractual obligations expire or are
discharged or cancelled.
Prepayments
Prepayments are recognised at their expected settlement amount.

The Spurrell Charltable Trust
Accounts for the year ended 5th April 2024
Notgs to the Accounts
2 Critical accounting ¢$timatg5 and judgements
In the application of the charity's accounting policies. the Trustees are required to make
judgements estimates and assumptions about the carrying amount of assets and liabilities that are
not readi5y apparent from other sources. The eslimales and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions a￿ reviewed on an ongoing basis. RevisK)ns to
accounting eslimales are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the revision
affects both current and future periods.
3 Investment income
Ngt ofnon r8claimable tax deducted al source..
Overseas Income
Overseas Interest
GI￿ Interest
Unit Trust Interest
Unit Trust Income
UK Equities
Overseas Tax deducted at source
AcGrued In¢ome
2024
2023
13,055
5,841
16.321
4.871
11.￿8
32,712
1797}
(2,5381
21,944
4, 102
2,858
4, 105
19.704
38. 190
(1. 124)
(Y,249)
4 Other Income
2024
2023
Interest
832
796
832
5 Raising Funds
2024
2023
Investment management costs
12,882
72,762
12,882
12

The Spurrell Charitable Trust
Accounts for the year ended 5th Aprll 2024
Notes to the Accountg
6 Charitable activltles
Grant Maklng."
General pury)oses - Institutions..
Break
Brooke Hospital for Animals
Chiltern MS Centre
Cure Parkinson's
DisabSed Sailors Association
Dog Aid
2024
2023
2,000
1.000
2,000
5.000
1,000
1,000
2, Otx)
1, 000
2,009
5, 000
1,009
2.000
Lil
Douglas Bader Foundation
Great Horwood Scouts
Macular Society
Orlhopaedic Centre
Pathways through Dementi8
Pavers Foundation
Royal Agricultural Benevolent Institution IRABII
Lindengale Mental Health Charity
Raw Workshop
The Connection at SL Martsn-in-thepField
1.000
1,000
1,000
2. 000
1,000
10,000
1000
2,000
1,000
1,000
to,000
2, 000
2, 000
1,000
t, 000
Total General
31,000
34,000
Norfolk Area- Institutlons
Aylsham PCC
BEFA
Bessingham PCC
Big C Appeal
Caisler Volunteer Lifeboat SeNce
Camphill Village Trust
East Anglia Children's Hospitsl
East Anglian AIT Ambulan
Fare Share East Anglia
Friends of Norwich Cathedral
Glaven District Caring Committee
Hope for Tomorrow
Livability - John Groom Court
Mind - Norfolk and Waveney
Multiple Sclerosis Society - North Norfolk Branch
NARS
5,000
5,000
1,000
2,000
1,000
2,000
5,000
10,000
5,Cx)O
5, 000
5, 000
2, 000
I, 000
2,000
5, 000
10,000
5,000
500
2,000
3.000
2, 000
t,000
I,ooo
2, 000
2,000
3,000
2.000
2,000
1,000
2,000
Balance carr￿d forward
48,0(X)
46,500
13

The Spurrell Charitablg Trust
Accounts for the year ended 5th Aprll 2024
Notes to the Accounts
6 Charltable actlvStle8
2024
2023
Grant Maklng..
Norfolk (contlnued)..
48.000
46. 5LIO
Norfolk Wildlife Trust
Priscilla Bacon Hospice Appeal
Riding for the Disabled Worslead
Roughlon PCC
Royal British Legion.. Cromer
Samaritans - Norwich
Suslead Village Hall
St. John the Baptist, Aylmerton
Vision Norfolk
Waveney St8rdu$l
Woodland Trust
1,500
1,000
1,500
1,000
4000
I, 000
1,500
1.000
500
1,000
2,000
1,000
1,000
1,000
Total Norfolk
60,000
64,5L
Total donations made
Donations returned
Govemance costs (note 71
Bank Charges
Office expenses
91,000
98.500
(500)
1, 554
5.939
124
96,999
99, 774
7 Governancg Costs
2024
2023
Trustee expenses (note 8}
Miscellaneous expenses
Accountancy and Advisory fee
Accountancy and Advisory fee - underprovision prior year
Independent Examination fee
179
192
222
2,460
2,400
900
300
840
8 Trustee Expen8e8 and other Inforrnation
Out of pocket expenses were paid to 3 Trustees during the year in respect of travel costs incurred,
totalling £1791£192 in 2023).
The Trustees received no remuneration apart from repayment of oul-of-pockel expenses during the year
(nil in 20231.
The Charity had no employees during the year {none in 2023).
14

The Spurrell Charitable Trust
Accounts for the year ended Sth Aprll 2024
Notes to the Accounts
9 Investments
Value at
05/04r23
Purchases
at cost
Sales
Realised
Unrealised
proceeds Gains/(LossesJ Gains4Losses)
Value at
05104/24
sled sgcunties..
Total Fixed Interest
Total Commodities
Total Overse8S
Total Equf(lès
338.488
102.480
1, 152,842
1.387,714
343.832
45,601
.644
396,046
198.038
2.676
12.8541
18.553)
PO,714}
9,713
8,607
151,844
{13,3601
649,108
71,589
1,052,432
1,356,970
152,345
201,368
2,981,524
697,545
676,329
29.444
156,803
3,130,099
10 Debtor
2024
2023
Investment Income receivable
8,441
8, 849
8,441
&849
11 Current Ilabllitle8
Cr6ditors.' Amounts due within one y8ar
2024
2023
Stockbroker Fees
Rathbones Trust Company Ltd fees
Rathbones Trust Company Ltd fees- prior year
Independent ExamineT'S Fee
Independent Examinels Fee- prior year
3,304
2,460
2,400
900
3,212
840
12 Transactlons wlth related partles
Amounts paid from the Charity to any related charitable organisation wll be disclosed in note 6.
Interests are always properly declared and acknowledged during determination of applications
and in these Situat￿nS the person with the related paty interest does not participate in the decision
other than lo clarify facts.
There were no related party transactions during this or the prewous financial year that require disclosure.
Is