Charity registratlon number: 278306 The Spielman Charitable Trust Annual Report and Financlal Statements for the year ended 5 April 2024 The Spielman Charitable Trust Contents Reference and Administrative Detslls Trustee5' Report Statement of Trustee5' Responsibllitles Independent Examiner's Report Statement of Flnancial Activities Balance Sheet Cash Flow Statement Notes to the Flnanclal Statements 9-13 The Splelman Charitable Trust Reference and Administrative Details Trustees Mrc J L Moorsom, Chairman Mr5 K Hann Mr P A Cooper MSA Hann Ms A Mccarthv Secretary Mr5 J T Anderson Prlnclpal Offlce Whitefriar5 Business Centre 2nd Floor Lewins Mead Bristol BSI 6UT Charlty Re8lstratlon Number 278306 Investment Managers Evelyn PaTtners Portwall Place Portwall Lane Bristol BSI 6NA Bankers CAF Bank Llmlted 25 Klngs Hlll Avenue Kings Hlll West Malllng Kent ME19 4TA Independent Examiner C J Keates-porter FCA R S Porter & Co Limited The Old Dairy Ashton Hlll Farm Weston Road Failand Brlstol BS8 3US Page I The Spielman Charltable Trust Trustees. Report The Trustees present the annual report together wlth the flnanc5al statements of the Charlty for the year ended S April 2024 stTUrtUTei KoveTnance and management The Trust is an incorporated trust, constituted under a trust deed dated 8th June 1979 and Is reglstere¢J Charlty, number 278306. The trust wa5 established by an initial glft of £5,000 In 1979 and does not actively fundralse. The trustees wlll seek to continue the charltable work carrled OLtt by John and Paula Splelman over many year5. The Institution doe5 not acllvely fundralse. All In¢ome is obtalned from Investments which are mana8ed by Evelyn Partners. Recrultment and appolntment of tru$tee$ The Trust was set up in 1979 and the original trustees were Chrls Moorsom, Karen Hann and Paul Cooper, who were appointed by john and Paula Spielman In 2019. The day to day administratlon Is dele8ated io ah Admlhi5trator Organlsatlonal structure The trustees agree the broad strategy and areas of attivlty for the trust, Including conslderailon of grant maklng and Snvestment poll¢y. Malor r15k$ and mana8ement of those rlsks Rlsk Pollcy Trustees place 8 prlorlty tsn rlsk management. Rlsks are cate8orlsed as follow.. Governan¢e and management rlsk5 Operatlonal rlsks Flnancial rlsks ExleTnal and compliance ri5k5 It is the policy of the trustees to revlew all rlsks on an annual basls. The annual revlew seeks to establish that all r15ks are documentated and steps to miligate such rlsks are establlshed and executed. As a result of thls process, the trustees are satisfied that residual risks are minima5. Page 2 The Spielman Charltable Trust Truslees, Report Continued Oblerts, Achlèvement and ￿rfOrmanCe Object5 The Trust provide5 grants to 3 range ol institutions and Individual$ to help them deal with irnmediate need5. The frust also supports a number of ch?¥ltle5* Partlcularly those engaged In carin8 for and educatln8 children and youn8 people in 8r¢stol and the South West of England. It also provides grants to other charltle5 that the trustees believe merlt 5UPPOrt of the Trust. Achievéments and performance The followlng arethe statlstics In respect of Certain key actlvlties undertaken: 2024 2023 Grants 8lven to or8anlsations helpln8 young Indlvldu315 with cancer or a termlnal illness or who are deaf, bllnd or sufferlng other dlsabllltSes 23,950 14,000 Grants given to or8anlsatlDns helpln8 dlsadvanta8ed cllldren and thelr parents Brlstol, includln8 bgys clubs and scout groups 132,060 183,000 fjrants made to schools Grant5 made to Art and theatre or8anlsatlons 53,000 30,000 Grants made to a ntrmber of Brlstol charltles. Helplhg Èlderly people and the d15abled or to elderly Indlvlduals 10,000 18,000 Grants to help community prolects 219,010 245,000 Flnanclal Revlew Performan￿ In Year During the year the trust r¢reived t¢tal investment Sncome of £265.908 12022.. £266,754>. Charitable dlstributions for the year amounted to £219,01012022'. £245.0001. After chargSng administration expensés and investment maTragetnent charge5 totalling £33,076 12022.. £34,315), there was a surplu5lldeficitl of expefiditure over income of £4S,50212022 ..£1465,01911. The ILossllProfit on the investments arnounted to £31,68012022.' £1452,45811 Taklng into account the deficlt of income over expenditure Including the unrealised profit frorn the investment portlollo of the frust, the unre511icted assets of the Trust increased from £5,824,792 to £5,870,294 Page 3 The Spielman Charitable Trust Stitement of Trustees, Respon5ibilitie5 The trustees are responsible for prepaiing the Trustees. Annual Report and the financial statement5 In 3CCOTdance wlth the Unlted Klngdom Accountlng Standards Iunlted Kingdom Generally Accepted Accountin8 Plactlcel and applicable law and re8ulations. The law applicable to charitie5 requlres the trustees to prepare financlal Statements for each flnancial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charlty for that period. In preparing these financlal statements, the trustees are requlred to: select suitable accounting policSes and then apply them con5i5tentlyi observe the methods and principles in the Charltles SORP; state whether applicable accountlng standards have been followed, subject to any material departures disclosed and explalned In the flnancial statements,. and prepare the financial Statements on the Bolng concern bas15 unle55 It Is Inapproprlate to presume that the charlty will contlnue In buslness. The trustees are responsible for keepln8 proper accounting records that dlsclose with reasonable curacy at any time the flnanclal posltlon of the charity and enable them to ensure that the flnanclal 5tatement5 comply wlth the Charitle5 Act 2011, The trustees are also responslble for Safeguarding the a55ets of the charity and hence for taking reasonable steps for the preventlon and detectSon of fraud and other Irre8ularltie5. Approved by the trustees of the Charlty on the 26th September 2024 and 518ned on Its behalf by,. Mrcj LMoor50m Trustee Page 4 Th• Sp5elmaTr ChaiilableTru5t Independent Examlnerfs RÈport ta the Tru5tee5 of The Splelman Charitsble Trust I report on the accounts of the charlty lor the year ended 5 April 2024 which are set out on pages 6t012 Respectlve respon51bllltles ol trustees and examlner The CharltY'S trustees dr¢ responslble for the preparation ol the accounts. The Charlty's Irustees censider that an audit is not required lor thls year under sectlon 144121 of the Charities Act 2011 Ithe 2011 Act) and that an Independent examinatlon Is needed. It Is my responsibllity to.. ex8mlne the accounts undei section 145 of the 2011 Act.. to follow the procedure5 1?Id down In the general Olreetions alven by the ChBrlty Commlsglon under sertion 1451Sllbl of the 2011 Act.. aThd to stats whether partlcular matters have come to my atteTrtl0n, Ba515 of Independent ex8rnlneI5 repDrt My exèrnlnatlon wa5 carrl2d out in accordance wlth the general Dlrection5 given by the Ch3rllv Commlsslon. An examlnation Includes a revlew of the accountlni recerds képt by the charity and comparlson ol the accounts presented wlth those record5. It 31$0 I￿l￿deS consideratiort ol any unusual Items or d15closures In the accounts, and 5eekln8 explanatlons Irem you as trustees coficernln8 any such matters. The procedurts undertaken do not provide all the tvldence thai would be requlred In an audlt and Consequently no oplnlon Is glven ès to whether the accouThts present a "true Jnd lalr vlew" and the rèport 15 Ilmlted to th058 m8ttsr5 set out the statsment below. Indèpendènt ex8mlnert$ st•t•m•nt In ¢onnectlon wlth my examlnatlon, no matter has come to my attÈntlon'. whlch 8lves me a reasonable cause to belleve that In any matorlal respect thé regulrementS'. to keep accountin8 récords attordance wlth sectlon 130 of the Charitles Act 2011., and to prepare accounts which accord wlth the accguntlD8 record5, comply wlth the accountlng requlrements of the 2011 Act. hwe nct been met- or to whlch, my oplnlon, attentlon Should be drawn in order to tnable a proper understèndln8 of the accounts to be le￿h•d. CJ KèJtes.P¢rter FCA R S Porter & Co Llmlted The Old Oalry Ashton Hill Farm Weston Road F3iland BSB 3US Date.. 26th September 2024 Page 5 The Splelman Charltable Trust Statement of Financial Artivities for the Year Ended 5th Aprll 2024 Iln¢ludin8 In¢om• and Expendlture Attount and Statement of Total Recognlsed Gains and Losses) Unrestrlcted fund5 Total 2023 Total 2022 Note Income and Endowments from: Investment Income 265,908 265,908 265,908 265,908 266,754 266,754 Expendlture on: Charitable activStSes 252,086 252,086 279,315 Total Expendlture 252,086 13,822 252,086 13,822 279,315 112,5611 GainllLossl on programme related Investments 31,680 31,680 1452,4581 Net movement sn fund5 45,502 45,502 1465,0191 Re¢onclllatlon of fund5 Total funds brought forward 5,824,792 5,824,792 6,289,811 Total fun(is carrled forward 5,870,294 5,870,294 5,824,792 All of the Charity's attlvltles derlve from contlnulnB operatlons durln8 the above two perlods. The fund5 breakdown for 20241s ghown In note S. Pagè 6 The Splelman Charitable TNst Balance Sheet as at 5 April 2024 2024 2023 Note Flxed assets Investments 5,849,916 5,761,067 Current assets Cash at bank and In hand 21,830 65,177 Credltors: Amounts fallln8 due wlthln one year 11,4521 11,4521 Net current assets 20,378 63,725 Net assets 5,870,294 5,824,792 Funds of the Charlty: Unrestrlcted Income funds Funds B/fwd Net Incomellexpendlturel 5,824,792 6,289,811 45,502 1465,0191 Total unrestrlcted tunds 5,870,294 5,824,792 Total funds 5,870,294 5,824,792 Page 7 The Spielmon Charitable Trust Cash Flow Statement for the Year Ended 5 April 2024 2024 2023 Note Cash flows from operatSng actlvltles Net cash incomel{expendlturel 45,502 1465,0191 Adjustments to cash flows from non-cash Items Investment income FA inv- UK listed other shs provlslon charge IUI,8SI 1265,9081 1266,7541 131,6801 452,458 1252,0861 1279,3151 Working capital adjustments (Decreaselllncrease in credltors 1,404 Net cash flows from operating actlvltles 1252,0861 1280,7191 Cash flows from Investln8 actlvltles Purchase of investments Sale of investments Income from interest and dlvldends 1977,8221 1660,0041 920,653 667,893 265,908 266,754 Net cash flows from Investing actSvities 208,739 274,643 Net Idecreasel/lncrease In cash and cash equlvalents Cash and cash equivalents at 6 April 43,347 65,177 6,076 71,253 Cash and cash equlvalents at 5 Aprll 21,830 65,177 All of the cash flows are derlved from continuing operations during the above two perlods. PaEe 8 Tht Spielman Chailtable Trust Notè5 tothe Flnanclal Statements for thè Yèar Ended 5th Aprll 2024 11 Att￿ntIng poll¢les Basls of preparatlon The flnanclal statements havè been prepared in accordance wlth Accounting and Reportlng by Charitles.. Statemènt of Recommended Practico appllcable to charitles preparing their accounts in accordante with the Flnancial R2porting Stsndard applicable In the Uk and Republ1¢ of Ireland IFRS 1021 leffective I january 20151 Icharities SORP IFRS 10211, the Financial Reportlng StaThdard appllcable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 20D6. The Splelman Charltable Trust Meets the definition of a publlc entity under FRS 102. Assets and liablllties are initially re¢o8nised at historical cost or transactlon value unless otherwise stated irn the relevant a¢counting policy notes. Income and endowments Voluntary Sncome Includlng donatlonsi 81ft5. leEa¢ie$ and grants th3t provlde c¢re fundlng or are of a general nature Is recognlsed when the Charity ha5 entitlernent to the income, It Is prtsbable that the Sncome wlll be recelved and the amount can be measured wlth sufflclent rellabllity. Donatlons and1è8atlès Donatlons and legatles are recognSsed pn a recelvable basls when rpcelpt Is probable and the grnount ¢an be rellably measured. Ex￿ndIture All expendlture Is recognlsed once there Is a legal or con5tructlve obllgatlon to that expendlture, It Is probable that sertlement Is requlred and the amount can be measured rellably. All costs are allocated to the applltable expenditure heading that aggregate similar costs to that category. Where ¢0sts annot be directly attributed to particular headings they have been allocated on a basis con515tent with the use of resource5, wSth central staff costs allocated on the ba$15 of tlme spent and depreclatlon charges allocated on the portSon of the asset's use. Other support costs are allocated based on the spread ol stsff costs. Guvernance costs These includè the costs attributabl? to the Charlty'5 compllance wlth constitutlonal and statutory requlrements, includlng audlt, 5tate8lc management and Trustees, meetlngs and reinbursed expenses. Tax?tlon The Charity is consldered to pass the tests set out In Paragraph I Schedvle 6 of the Flnancial Act 2010 and therefore St meets the deflnltlon of a charitable corrpany for UK ¢¢yporatlon tax purposes. Accordlngly. the Charity Is potentièlly exempt from taxation in respect of income or capital gains recèived within cat2gories cover&d by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 c>f the Taxation of Chargeable Galns Act 1992, to the èxtent that such Income or galns are applied exclu5ivelyto charitable purposes. Page 9 The Splelman Charltable Trust Notes to the Financial 5t?tement5 for the Year Ended 5th April 2024 11 Accounting pollcles Icontinuedl Fixed asset Investments FSxed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the dlfference between 5ale5 pro￿ed5 and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Attivities in the period of disposal. Unrealised gains and losses represent the movement in market values durlng the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. 21 Investment income Unrestrlcted funds Totsl 2024 Total 2023 General Income from dividends.. Dividends receivable from 8roup undertakings 265,814 265,814 266,655 Interest receivable and slmilar intome.. Interest receivable on bank deposlts 94 94 99 265,908 265,908 266,754 Page 10 The Spielman Charitable Trust Notes to tht Finantlal Statèments for the Year Ended 5th Aprll 20241 contlnued I 31 Flxed asset Inve￿ments Other Investments Listed Investrnents 2023 Toial 2023 Total 2022 Cost or Valuatlon At 6 April 2023 AdditlOll5 Disposals 5,761,067 S,761,067 977,822 977,822 1920,6531 1920,6531 6.221.414 660,004 166?,8S31 At 5 Aprll 2024 5,818,236 5,818,236 6,213,525 Galn on ProKiamme Related Investments Galn for the year 31.680 31.680 1452,4581 At 5 Aprll 2024 5,849,916 S,849,916 5,761,067 Net book valu• At S AprS12D24 5,849,916 5,849,916 5.761,067 At S AprS12023 5,761,067 S,761,067 6,221.414 Page 11 The Spielm3n Charitable Trust Not•s to tho Financial Statements for thè Year Ended 5 Aprll 2024 (Continued) 41 Creditors: arnounts f8llinz due within one year 2024 2023 Accruals 1,452 1,452 1,452 1,452 51 AnalysSs of net funds At 6 Aprll 2023 At 5 April 2024 Cashflow Cash at bank and Sn hand Creditors due within one year 65,177 11,4521 143,3471 21,830 11,4521 Net funds 63,725 143,3471 20,378 61 Analysls of charltablè actlvlths 2024 2023 Grants AdmlnlstratSon expenses Investment mana8ement charges 219,010 10,240 22,836 245,000 10,257 24,058 252,086 279,315 Page 12 The Spielman Charitable Trust Appendix l - Grant Beneficiaries Beneficiary of grant Amount Access Sport Brandon Trust Brianwave Bristol Childrens Help Society Bristol Ensemble Bristol Music Trust Children5 H05plce South West Crackerjacks Creative Youth Network Dolphln Soclety Empire Fighting Chance ERIC Farm Llnk FIXX Blke5 Frlends of Br15tol Oncology Go Beyond Grateful Society Jessie May Trust Merchants Academy Mind in Somerset NSPCC Old Vic Theatre School One 25 Ltd Pèul Mltchell Golf Ronald MacDonald House Royal Welsh College of Mu51c St Peter'5 Hospice The Avon Centre The Green House Tobacco Factory Together for Short Lives Wheels Project Young Brlstol Young and Free 3,000.00 3,000.00 2,000.00 20,000.CH) 10,000.00 10,000.DO 5,000.00 560.00 10,000.00 3,000.00 5,000.00 5,000.00 5,000.00 6,000.00 10,000.00 2,000.00 3,000.00 5,000.00 3,000.00 5,000.00 10,000.00 3,000.00 7,500.00 4,000.00 3,000.00 20,000.00 7,5QO.00 4,000.00 5,000.00 10,000.00 3,450.00 15,000.00 10,000.00 I,￿0.00 219,010.00 Page 13