Charity registration number.. 278306 The Spielman Charitable Trust Annual Report and Financial Statements for the year ended 5 April 2025 The Spielman Charitable Trust Contents Reference and Administrative Details Tru5tees' Report Statement of Trustees, Responslbllitles Independent Examlner's Report Statement of Flnanclal Actlvltles Balance Sheet Cash Flow Statement Notes to the Flnanclal Statements 9-13 The 5pielman Charltable Trust Reference and Administrative Detai15 Tru5tee5 Mr CJ L Moorsom, Chairman Mrs K Hann Mr PA Cooper MSA Hann Ms A McCaTthy Secretary Mrs J T Anderson Principal Offlce Whitefriars Bu5ines5 Centre 2nd Floor Lewins Mead Bristol BSI 6UT Charlty Reglstr?tlon Number 278306 Investment Manager5 Evelyn Partners Portwall Place Portwall Lane Bristol 8516NA Bankers CAF Bank Llmited 25 Klngs Hlll Avenue Kings Hlll West MallSng Kent ME19 4TA Independent Examlner C J Keates-Porter FCA R S Porter & Co Llmlted The Old Dalry Ashton Hlll Farm Weston Road Failand Bristol BS8 3US Page I The Spielm3n Charitablè Trust Tru5tees' Report The frustees present the annual report together with the financial statements of the Charity for the year ènded S April 2025 i) Structure, governance and management The Trust is an incorporated trust, constituted under a Irust deed dated 8th June 1979 and is a reBlstered ¢harlty, number 278306. The trust was established by an inltlal glft of £S.000 in 1979 and does not actively fundralse. The trustee5 wlll seek to continue the charitable work carried out by John and Paula Spielman over many years. The Instltutlon does not actlvelv fundralse. All Income Is obtalned from investment5 which are managed by Evelyn Partners. Recrultment and appolntment of trustees The Trust wa5 set up in 1979 and the ori8irial trustee5 were Chrls Moorsom, Karen Hann and Paul Cooper, who were appolnted by John and Paula Splelman In 2019. The day to day admlnlstration 15 delegated to an Admlnbstrator Organlsatlonal structurg The trustees agree the broad strategy and areas of activlty for the trust, Including conslderatlon of giant makln8 and Investment pollcv. Malor rlsks and management of those r15ks Rlsk Pollcy Trustees place a priorlty on rlsk management. Rlsks are cate8orlsed as follow: Governance and management rlsks Operatlonal risks Financlal rlsks External and compllance r15ks It is the polScy of the trustees to review all risks on an annual basls. The annual review seeks to establish that all risks are documentated and steps to mitigate such risk5 are established and executed. As a result of this proces5, the trustees are Satisfied that residual risks are minimal. Page 2 Thè Spie1man Charltable Trust Trustee5' Report Continued Objects, Achlevement and performantè Objetts The Trust provide5 grants to a ran8e of Instltutions and individua15 to help them deal wlth Immediate needs. The Trust 1150 SUPPOrts a number of chariiles, partlcularly those en83ged in caring for and educatin8 children and young people In Brlstol and th& South We51 of England. It also provides grants to other tharltles that the trustee5 believe tnerit support ol the Trust. Achlevements and performance The followln8 are the statistlcs in respect ol certain kèy actlvltles undèrtaken.. 2025 2024 Grants glven to organlsatlons helplng young Indlvlduals wlth cancer or a terminal illne55 or who are deaf, blind or sufferlng other di5abi1Sties 36,000 23,950 Grants glven to or88nlsatlons helpln8 dlsadvantaged hildren and their parents in Bristol, IncludSn8 boys club5 and 5COUt groups 131,500 132,060 Grant5 rnade to xhoo15 Grants made to Art and theatre or88nlsatSons 54,000 53,000 Grant5 rnade to a number of Bristol charltles. HelplnB elderly people and the dlsabltd or to Èlderly Individuals 9,000 10,000 Grants to help community projects 30,000 260.500 219,010 Financial Revlew Performance In Year DurlnE the year the trust received total investment income of E248,894 12024.. £265,908). Charitable distributiOD5 fDr the year amounted to £26D.SOO12024= £219.0101. After charElng admlnisrration expenses and investment rnanaBernent charges totallin8 £34,782 12024.. £33,076). there was a IDeficitllSurplus of expenditure over income of £146.388112024 ..£45.5021. The ILossl/profSt on the investments amounted to £1136,269112024: £31,680) Takin8 Into account the deficit of inctsme over expenditure including the unrezli5ed ILossl/prtsfit trom the investment portfolio of the Trust, the unrestricted assets of the Tru5l reduced from £5,870.294 to £5.687,637 Page 3 The Spielman Charitable Trust Statement of Trustees. Responslbllltles The trustees are responsible for preparing the Trustees, Annual Repart and the financial statements in accordance with the United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practice) and applicable law and regulation5. The law applic3ble to tharities requires the trustees to prepare financial Statements for each financial year which give a true and fair view of the state of affaSrs of the charity and of the incoming resources and applitation of resources of the charlty for that perlod. In preparing these financial statements, the trustees are required to: select sultable accountlng policles and then apply them consistently; observe the methods and princlples In the Charities SORP,. state whether appllcable accouritlns Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the flnanclal statements on the going concern ba515 unle55 It is inapproprlate to presume that the charlty w511 contlnue in business. The trustees are responslble for keepln8 proper accounting records that disc105e with reasonable accuracy at any tlme the flnanclal p05itlon of the charity and enable them to ensure that the financial statements comply wSth the Charities Act 2011. The trustees are also responslble for safeguardlng the a55et5 of the charity and hence for taking reasonable steps for the preventlon and detection of fraud and other irre8ularltle5. Approved by the trustees of the Charity on the 30th September 2025 and signed on its behalf by: Mr CJ L Moorsom Trustee Page 4 The 5plelman Charitable Trust Independent ExamIne￿S Report to the Trustee5 of The Splelman Charitable TNst I report on the accounts of the charsty lor the year ended 5 Aprll 2025 whlch are set out on paBes 6t012 Respecilve responslbllltles of trustees and examlfier The Charity's trustee5 are responsible for the prep3ration of the accounts. The Charlty's trustees consider that an audit is not ￿QUIred lor thi5 year under section 144121 ol the Charitle5 Act 2011 Ithe 2011 Actl and that aTh independent examination is needed. It 15 my responsibility to.. examlne the accounts under sectlon 145 of the 2011 Act,. to follow the procedures lald down In the general Dlrettlons glven by the Charity Comm1$51on under sectlon I451Sllbl of the 2011 Act., ènd to state whether particular matters have come to my attentlon. B8515 cf IndBpendent examln*r'$ report My examln3tlon was carrled Dut In accordance with the general Dlrectlons 8iven by the Charlty Commission. An examinatioa tnclude5 a revlew of the accouDtln8 records kept by the charity and comparison of the accounts presented wlth those recDrds. It also Includes conslderatlon of anv unusual Items or di5c105ure5 In the accounts. ènd seekln8 explanatlons from you as trustee5 concernln8 any such rnaiter5. The pr¢xedures undertaken do not provide all the evldence that would be fequlred In an audlt and con58quently no oplnlon Is 8lven as to whether the aecounts present a 'true and lalr vlew" and the rèport Is Ilmlttd to those matters set otst In the ststement below. Independent examlngr's slltoment In conncction with my examlnatlon, no matter has come to my attentlon.. whSch 8lYès me a reasenablÈ cause to belleve that In any materlal respect the requlrements.. to keep accountln$ records In accordance wlth sectlon 130 of the Charltle5 Act 2011., and to prepare ateounts which accord wlth the accountlng records, £ornply wlth the accountln8 requlrernents ef the 2011 Act. have not been met,. or to whlch, In my oplnion, attention shDuld be drawn in order to enable a proper understandlng of the accounts to be Teached. C J Keates-Parter FCA R S Porter & Co Limited The Old Dalry Ashton Hlll Farm Weston Road B58 3U5 Date: 30th September 2025 PaBe S The Splelman Charitablè Trust Statement of Financlal Actlvltles for the Year Ended 5th April 2025 Ilncludlng Income and Expendlture Ac¢ount artd Statement of Total Recognised Gains and Loss8sI Unrestrlcted funds Total 2025 Totsl 2024 Note Income and Endowmentsfrom: Investment income 248,894 248,894 248,894 248,894 265,908 265,908 Expendlture on.. Charltable actlvlties 295,282 295,282 252,086 Totsl Expendlture 295,282 295,282 146,3881 146,3881 252,086 13,822 Galn/lLossl on programme related Investments 1136,2691 1136,2691 31,680 Net movement In funds 1182,6571 1182.6571 45,502 Recon¢Sllatlon of tunds Total funds brought forward 5,870,294 5,870,294 5,824,792 Total funds carrled forward 5,687,637 5,687,637 5,870,294 All of the Charity's actlvitie5 derSve from eontinulng operatlons durlng the above two perlods. The funds breakdown for 2025 Is shown In note 5. PaBe 6 The Spielman Charitable Trust Balance Sheet as at S April 2025 2025 2024 Note Flxed assets Investments 5,663,343 5,849,916 Current a$5ets Cash at bank and In hand 25,746 21,830 Credltors: Amounts falling due within one year 11,4521 11,4521 Net current assets 24,294 20,378 Net assets 5,687,637 5,870,294 Funds of the Charlty: Unrestricted Income funds Funds Blfwd Net incomellexpenditurel 5,870,294 5,824,792 1182,6571 45,502 Totsl unrestrlcted funds 5,687,637 5,870,294 Total funds 5,687,637 5,870,294 Page 7 The Splelman Charitable Trust Cash Flow Statement for the Year Ended 5 April 2025 2025 2024 Note Cash flows from operating artivitie5 Net cash incomellexpenditurel 1182,6571 45,502 Adjustments to cash flow5 from non-cash items Investment income FA inv~ UK listed other sh5 provi5i9n tharge IUI,BSI 1248,8941 1265,9081 136,269 131,6801 1295,282) 1252,0861 Worklng capital adlustments (Decreaselllncrease in creditors Net cash flows from operating activitles 1295,2821 1252,0861 Cash flows from Investlng actlvltles Purchase of investment5 Sale of investments Income from interest and dividends 12.121,4361 1977,8221 2,171,740 920,653 248,894 26S,908 Net cash flows from investing activitles 299,198 208,739 Net Idecreasel/increase in cash and cash equiva5ent5 Cash and cash equivalents at 6 Aprll 3,916 21,830 43,347 65,177 Cash and cash equivalents at 5 Aprll 25,746 21,830 All of the cash flows are derived from continuln8 operations durlng the above two period5. Page 8 The Splelman Charitable Trust Notes to the Financlal Statements for the Year Ended 5th April 2025 11 Accountlng pollcles Basls of preparatlon The financial statements have been prepared in accordance with AtcounElne and Reporting by Charities.. Staternent of Recommended Practice applicable to charities Pfeparing thelr accounts in atcordance wlth the Flnanc5al Reporting Standard applicable Sn the uk and Republic of Ireland IFRS 1021 leffeciive l January 20151 (Charlties SORP IFRS 10211, the Financial Rèporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 and the Companies Act 2006. The Spielman Charitable Trust meets the dellnltlon ol a publlc entlty under FR5 102. Assets and liabilities are initially re¢o8nised at historl£al cost or transactlon value unles5 Otherwlse stated in the relevant accountin8 policy notes. Income and endowments Voluntary Incorne in¢ludlng dgnotlons, glfts, legacles and grant5 that provlde core fundlN8 or are of a general nature Is reco8nised when the Charity ha5 entitlement to the Income, it Is probable that the ncome wlll be recelved ènd the amount can be rneasured wlth sufflelènt rellablllty. Donatlons and legacles Donatlons and le8acles are reco8n15ed on a re¢eivable basls when recelpt 5s probable and the arnount can be rellably measured. Expendlture All expenditure is reco8ni5ed once there Is a legal or ¢onstruct1ve obll8atlon to that expenditure, it Is probable that settlement Is requlred and the amount Ean be measured reliably. All costs are allocated to the appllcable expendSture he8iJlnE that aggregate similar tosts to that cate8ory. Where costs Cannot be directly attributed to partlcular he3dinBs they have beÈn allocated on a basis con515teni with the use ol resources, with central staff costs allocated ¢n the basls of tlme spent and depreciation charges allocated on the portlon of the asset's use. Other support costs are allocated based on the spread of staff costs. Governance c05ts These include the ¢0gts attrlbutable to the Charlty's compllance with constitutional and statutory requirements, including audit, stategit management and Trustees, meetings and feinbursed expense5. T3x3tion The Charity is consldered to pass the tests set oui Sn Parngraph I Schedule 6 of the Financial Act 2010 nd therefore it meets the definition of a charltable company for UK corporation tax purposes. Accordingly, the Charity is potentially exÈmpt from taxation in respect of income or capital gains recelved withln categories CDvered by Ctkapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or 8ain5 are èpplled extlusively to charitable purposes. Pa8e 9 The Splelman Charitable Trust Notes to the Financial Statements for the Year Ended 5th April 2025 l) Accounting policies (tontlnuedl Fixed asset investments Fixed asset investments, other than pro8ramme related investments. are included at market value t the balènce sheet date. Realised 8ains and1055es on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or thelr subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of dlsposal. Unrealised gains and 1055e5 represent the movement in market values durln8 the year and are credited or charged to the Statement of Financial Activltles based on the market value at the year end. 21 Investment income Unrestrlcted funds Total 2025 Total 2024 General Income from dlvldends.. Dlvldends recelvable from group undertokln8S 248,820 248,820 265,814 Interest receivable and similar income., Interest recelvable on bank deposlts 74 74 94 248,894 248,894 265,908 Page 10 The 5pielman CharitablÈ Trust Notes to the Fsnancial Statements for the Year Ended 5th April 20Z51 continued I 31 Flxed asset Investments other Investments Listed Investmènts 2025 Total 2025 Total 2024 Cost or Valuatlon At 6 April 2024 Additions Disposals 5.849,916 5,849,916 2,121,436 2,121,436 2,171,740) 12.171,7401 5.761.067 977.822 1920,6531 At S April 2025 5,799,612 5,799,612 5.818,236 G81n on Programme Related Investments LossllGaln for the year 1136,2691 1136,2691 31,680 At S Aprll 2025 5,663.343 5,663,343 5,849,916 Net book value At 5 April 2024 5,849.916 5,849,916 5,761,067 At 5 Aprll 2025 5,663,343 5,663,343 5,849.916 Page 11 The Splelman Charltable Trust Notes to the Financial Statements for the Year Ended 5 April 202S Icontirtuèdl 41 Creditors: amounts falling due within on• year 2025 2024 Accruals 1,452 IA52 1,452 1.452 Sl Analysls of netfunds At 6 April 2024 At 6 Aprll 2025 Cashliow Cash at bank and in hand Credltors due withln one year 21.830 3.916 25,746 Net fund5 21,830 3,916 25,746 61 Analys15 of charltable actlvltles 2025 2024 Grants Admlnistratlon expenses Investment management charges 260,500 10,896 23.886 219,010 10,240 22,836 295,282 252,086 Page 12 The Spielman Charitable Trust Appendix l- Grant Beneficiarles Beneficiary of grant Amount Access Sport Anchor Society Avon Riding Centre Brandon Trust Brianwave Bristol Childrens Help Society Brlstol Ensemble Brlstol Old Vlc Theatre School Cerebral Palsy Plus Chicks Childrens Hosplce South West Creative Youth Network Dolphin Society Eastslde Community Trust Empire Fi8htin8 Chance ERIC Fare Share Farm Llnk Grateful Society Je5sle May Trust Key Café Music Trust NSPCC One 25 Ltd Paul Mitchell Golf Re:Work Ronald MacDonald House Royal Welsh College of Music St Peter's Hospice St Werburghs Clty Farm Step and Stone Swanneryyouth aub The Green House Tobacco Factory Wheels Project Young Bristol 5,000.00 3,000.00 4,000.00 3,000.00 2,000.00 20,ODO.00 10,000.00 4,000.00 2,000.00 2,000.00 5,000.00 10,000.00 3,000.00 2,000.00 5,000.00 5,000.00 5,000.00 7,000.00 3,000.00 5,000.00 30,000.00 10,000.00 15,000.00 5,000.00 4,000.00 1,000.00 3,000.00 20,000.00 5,000.00 7,500.00 10,000.00 5,000.00 5,000.00 10,000.00 15,000.00 10,000.00 260,500.00 Page 13