THE STARKIE 8ENCE CHARITABLE TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 17 JANUARY 2024 THE STARKIE BENCE CHARITABLE TRUST CONTENTS Page Trustse'8 Report Independent E￿MIne￿$ Report ement of Flnandal Actfv6ties Balance Sheet Notes lo the Financial Statements THE STARKIE BEMCE CHARrrABLE TRUST TRUSTEE'S REPORT FOR THE PERIOD ENDED 17 JANUARY 2024 The Trustee present their annual report and Financial Statements of the charty for Ihe perKJd ended 17 January 2024. The F*ianckg1 Slalements have been prepared in aGcordan¢e with the accounts'ng poI￿leS sel out in note 1 to the Financial Statements ar￿ comply with the charitls Trust Deed, the Charthos Art 2011 and A￿Ounting and Reports'ng by Char￿￿5.. Stslement of Recommended Practice applicable to charitie$ preparing their Financial Stslements in accordance wth the Financial Reporhng Standard applicable in the UK and Repubiic of Ireland issued in October 2019. Legal and Admlni5trative Inforniation Constitution The Stsrkie Bence Charitable Trust is a regist8r8d charity governed by a Settlement Deed dated 28 January 1981. Charrty Number.. 282541 Rgglstgrgd Offlcg The Administrator One Bank Stre81, CanarylAtharf. Lonthn E14 4SG Bankern and Inveslm•nt Vanagers Union Bancaire Privee {UKI Limited One Bank Street. Canaryltharf. Lonthin E14 4SG Trust JTC Trust and FKIuek8ry Services (UK) Limited Miss Anne Margaret Ross {Decea8ed 19 October 20201 On 31 March 2025 the legal name of the corporate trustee Ghanged from SG Klanwort Hambros Trust Company (UK) Limited to KIeirw￿rt Hambros Trust C(%npany IUK) Limited. On 3 November 2025 thelggal name and r8gist8r8d address of the corporate trustee changed from lQeinvK•rt Harnbros Trust Company (UK} Limited of One Bank Street, Canary Wharf. London E14 4SG to JTC Trust and Fiduciary SeN¢e$ IUKI Lynited of The Scalpel. 18th Floor, 52 Lime Str8el. London EC3M 7AF. Objocts of the charlty The objects of the charity are to promole and support suGh ¢haritable purpose or purposes. and such charf£able organisabon or organisations (being purposes and organisalions which are frxclUsr￿lY Charitable occordng to the law of England) as the Trusteg shall from timo to tirne in ts discretion decKIe. Grant maklng poll¢y The Trustee's current policy Is lo conskler all WTitten appeals received. but only successful applKarrts are nOtif￿d of the Trustee's decision. The Trustee's current policy is to annually dislribute the Trusfs income lo certain selected Char￿88, although no commthent is given lo the reapients. The Trustee le￿awS the selected Char￿es, and consKlers new appeals received al the annu81 Truslee meeling, nomially held in July. It is unusual lor the Trustee to respond favcwrably to unsolicited appeals. During the wr under revw the Trustoe madg 16 ¢*Jnalions as detsiled (m page 7. Appolntmont of Trustee and charity oryani5ation The charty is managed by the Trustee is appointed under the terms of the Tnjst D8ed, 4Mth daily adminislrattln being dealt ￿￿th by Ihe Adminislralor at JTC Trust and FhJuci8ry Ser4ic8s IUKI Limrted. The directors of the eorporate Trustee on the date of the Trustee's approyal were.. George Robert Ryan an(t Rachel Anne Amstrong 118s. No fundraising is undertakèn lo support the of the chadty. JTC Trust and FidUC￿ry Services {UK) Limi(ed has the powor lo appoint new Trustees. THE STARKIE BENCE CHARrrABLE TRUST TRUSTEE'S REPORT FOR THE PERIOD ENDED 17JANUARY 2024 Financial revi•w and inv•stment pollcy and p•rfom)an¢• Incoming resources totalled Q7,910.83 (£18,897.11 in 20231. Under the goveming document. there were no restrictions on the chartys power to invest, The overall investment policy was to aCh￿e long term capital growth in real lorm3. whilst providing a ￿ld al least li line with the UK equty markeL Revlew of the a¢tlvltle$ and fulurn d•velopm•nts The Trustee is satisfied th8 financial positAJn of the charty and confimi that they have adequate assets available to fvlfil their obligth"ons. The late Miss Ross left a Letter of Wthes dated 12th June 1993, r8qu8Sting the remaining Trustee teminale the Trust and distribute the Capftal lo the relevant Charibes. As per Twstees ResolU1￿n dated 17 January 2024, the Trustses resolved to termnale the Trust arKI distrtute £1,000.000.00 to the relevant Charknes. Charlty's publlc benefft The Trustee has ensured that all acth8$ throughout the period have been for the publ￿ benefrt. Thi5 IS ev+denced by the contributions made to ¢harrtios lotalling £1,000,000.CK> I£Nil in 20231. FollOw￿g the death of the Trustee. Miss Ross the continuing Trustee appreciated that the income avalable lo b& distributsd was increasing. Therefore li July 2020, lolal donations of £32,000 were made lo var￿uS charibes. The Trustee confinns that they have referr&d to the guijance contsined in the Charty Commission's general guidance on Publ￿ bgnefil when rewgwing the ¢harity$ aim$ and +)bjeclbves and in planning future acbwbes. Rgser¥es policy and risk manag•mont Tho Trustse ha$ con$hJeied what risks the eharty faces and believe these to be fr8ud or poor Invesimenl perfomiance. Adequats systems are in place to mth.gats fraud and imiestmonl pèrformance Is regularly monttored. Trustefr's responslbllllles In relatlon to th• flnonclal ¥tstem•nts The charty Trustee is responsible for prepar￿9 a Trustee's annual report and Flnanclal Statements accordance Y￿th applicable law and Unfted Kingdom Accouthg Standards (Unted lthn9dom Generally Accepted Accounting Practice}. The law applicable to charitEs in England and Wales requires the charty Trustee to prepar& Financial Statements lor each p8riDd gwe a tn￿ and fair Mew of the sL*e of affairs of the charty and of the incoming resources and application ol resources, of the charity for that perkxl. In preparing the Financial Sl*menls. the Trustee 15 required to.. - select suitable accounting pOl￿￿S and then applylhem consist8ndy. - observe the methods and principles the applicable Charibes SORP., - mak& judgements and estinates that are reasonable and prudent stste whether applicable accounting st8ndards h8ve been followed. subjecl to any material departures musl be disclosed and ewlained in the Financial Stslements., prepare the Financial Statements on the going ¢oncem basis unless It Is Inappropriate to presume that the charty will continue in business. The Trustee is responsible for keepTng proper accounting re￿rdS that disclose wlh reasonable accuracy 8t any time the financial position of the charity and to 8nablè them to ansure Ihat the Financial Statements comply vhth the Charities Act 2011, the applicable Chanti&g {Accounts and Reportsl Regulations, 8nd tha prowsions of the Twsl Deed. They are also responsibl8 for safeguarding the a$3ets of the charty and tsking reasonable steps for the preventK)n and detect￿n of fraud and other irregularilyds. BMdhy4¥ JTC Trust and Flduclary Services {UKI Limitod THE STARKIE BENCE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT kndependent Examinerfs Report to th? Trusteg's of The stark￿ B•nc• Charitablg Trust I report to the Twstee on my ey2mination of the accounts of The Starkie Bence Charitablg Tiust for the period 6 April 2023 to 17 January 2024 which are sel out on pages 4-8. Responslbllllles and basls of report A8 the chalty Trustee of the Trust you are responsible for the preparation of Ihe accounts in accordance with thè requirements of the char￿e3 Act 20111'lhe Acr). I report li respect of my examination of Ihe Trusfs accounts carried out under seclKin 14S of the 2011 Act and in carrying out my examinath)n I have followed all the applicab18 Directtons gNen by the Charity CoMmis￿On under section 14515llbl of the Act. IDdepgndent oxaminovs statem•nt I have completed my èxaminatitin. I conllmi that no materlal matters have come lo my attenth'on n conng¢tDn with the examinatKin gmng me wse to believe that in 8ny material respect." 1. accounting records were not kept in respect of the Trust as requlred by section 130 of the Act; or 2. the accounts do not accord with those records., or 3. the accounts do rK)t comply with the applica￿6 requirements concerning the fomi and content of accounts 8el out n the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gple 8 Irue and fair Ythich is not a matter considered as part of an ind8P8ndenl 8yaminalh)n. I have no concems and have come acr088 no other matter$ n ¢onneelion vllh the 8*Bmh￿n to v#hich attentton should be drawn in thts report ￿ order to enable a proper understanding of the xcounts to be reached. Dean R Cates BA FCA Couch Bright King & Co Chartered Accountants 2 Tolher5t Court, Turkey ￿.11 Business Park A5hford Road Maidstone Kent ME14 5SF Date S151￿26 THE ST*JiKE BENCE CHAR￿ABLE TRUST STATEMENT OF FINANCIAL ACTiiryfiES FOR THE PERIOD ENDED 47 JANUARY 2024 Totsl 17 January 2024 Totsl 5 April 2023 14ott Unrn¥trlcted Fund Expendable EndovMent In¢om* and •nth)vmi•nts Investments.. Investment Income 27,910.83 27,910.83 18,897.11 T¢)tal I￿oMe and Enth)WTnents 27,910.83 27.910.83 18.897.11 Expenditure on Clwl8Ue Actfvllles.. Donations Support Costs 1,OCQ,OOJ.CQ 1,0ts),000.00 3,882.00 3,882.C 5.100_00 Totsl Expendlture 3,881(Kl 1.000,OIXI.00 1,00188ZOO S.10￿00 Net IExpendlture} Before GalnB and Lo•se& on Investm•nts 24,028.83 I1,￿o,000.0￿} (97S.971.17) 13,797.11 Net ILo•M8VGalns on Inv•stm•nts Rèalised 7.09 7.09 Net Alovem•nt in Fund¥ In th• Y••r 24,028.83 (999,992.911 1974964.08) 11797.11 Fwd6 At S April 2023 Not Mov8mwt ol Regources in the Year 51,608.87 24,028.83 1,075,412.86 1,127,021.53 1,113,224.42 1999.992.911 {975,964.081 11797.11 At 17 January 2024 £75.637.70 £75,419.75 £151.057.45 £1.127.021.53 THE STARKIE BENCE CHARITABLE TRUST BALANCE SHEET FOR THE PERIOD ENDED 17 JANUARY 2024 17 Janvary 2024 S April 2023 Flx•d A88•ts Investmerrts 1.￿,811.17 1.085,804.08 Current Assels Cash al Bank- Income 69.128.28 48.759.45 67.688.28 48.759.45 Cwrènt Liabllltl•• Creditors, amount8 falling wthin one yèar 1,003,882.00 7,542.IX) Net Currènt {Uabllltl•sVAss•ts {934,753.721 41.217.45 Agsets le88 Current LlabllltleB £151.057.45 £1,127,021.S3 Capitsl Fund EXP￿dable Endowma)t 75,419.75 1,075.412.66 Ineome Fund Unrestricknl Fund 75,637.70 51,608.87 £151,057.45 £1,127,021.53 The Fina￿la1 Statwnenls approved by the Trustee on 30th April Oigit81ty ￿gned by". Mike Con￿thr ate". 2028.04.3 16..53'.50Z Dyi4ty¥w•d br. Dale." 2026n5.05 15.05.43Z JTC TN8t and Fidwiary Sgrvices IUK) Limibj THE STARKIE BENCE CHAR￿ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 17 JANUARY 2024 1 A¢eounting Polici•s These Fin¥nal Statern￿ts have bw) prepar&J in acLordance with th8 parts'ojlar acLOUnting poliaes desuilxl below. 8asls of Preparallon and A88￿ment of Golng Concom The Finanrial Statements have been prèpared under thè historical cost convention ￿cept for Investments. which have been IndUd￿ al rnwket valu& The Financial Statements have been prepar8J in ac£ordance wth the Statèment of Recommended Practice.. Accounting and Reporting by Charities preparing t1￿[ Financial Stalernerit$ In accordance with the Financial Repoth'ng Standard applicabk in the UK and R¥publiG uf Ireland IFRS 102 20191 issued in Otlobw 2019 and the ChantiÈs Ad 2011. Charity ¢onstitutes a PL*Jllc benefit entity as defin￿ by FRS 102. The Trustee considers that the￿ are no matsrial uncertainties aboLrt the charity's ability to continue a5 a going concem. The Trust's knndion818nd wésèntab.onal currency is st8rfing. Ba¥1¥ of AccountlNJ - Income rncowition AJI incoming resources are in¢ludÈd in thè Statement of Financlal ACti￿￿"¢S vthen the charlty is legally entitl&J to the income and the amount ean be quant"rf*d vhth reaSona￿e acKaJracy. I￿Ome tax r￿¥￿able in rdation to investment income i¥ r￿gnISed al ths tim• inv•stm8nt inc¢xne is receivabl Donations are re¢ogniser thè èstatÈ has tomMunieat8d In writing both the amount and settlement date. In the event that the gift 1$ in the fomi of an asset othw than cash or a financAal a&set traded on a recogni59$ 8tock exthangè, rg¢ognition is subject to the value of the gift being rella￿Y measuralAe with a of r¢)sonable 9¢xUr¥￿ aThJ the tstle to the asset having been transfwred lo the charity. Intere81 on funds hdd ¢)n dewsit is induded Wh￿ receivable and the amount can be measured reliabty by the charity.. this is nomRlly Upc￿ notification ol the Interest paid or payable by the banK DIVId￿d5 are Te¢ognised th& dividend has been dedared and notification has recwved of the dividand du& This is Th)mially upon notification by our investment manaw of the th￿￿end yield of thè Investment portfolio. - Rosourc•s ?xpgnded ah'lities are wognised 88 eXp￿dItUre as soon as therè is a laga or ￿nstructive obligaticffl committing the charity to that exp&YJiture, it bs probable that setuemenl will be requirgj and thg amoynt of th? obligation can mgasur•J reltably. All expenditure is a¢¢ounled for on an a(xruals basis and has been included under expense ratwries that aggre9ate all ¢osls fL¥ alloeation to actiwtses. Where costs canml be diT￿tlY attributed to particulai aGlivili95 they h8ve b88n allocat￿ on a basis conSist￿t the use of the resources. Grants p8yable a￿ th8r9ed in the year when the offer is made exc4pt in those cases where the offer is wndilional. suth grants b￿n9 r￿niSed as exwditure the conditions atshing are fulfillgd. Grant¥ offervj subj&1 to conditions vthich have not been rnet at theyear end ar? noted a5 a rommilmant, but rw)t accru￿ as eXp￿dIture. THE STARKE BENCE CHARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 17 JANUARY 2024 Fund str￿tur• Incoma fund$ arè unrestrictwj fun¢Js which ar& avoilable for use at the dis(Jetion of the Trustee in furthwance of the gen￿al objecaives of the charity and which have not been designated for other purposes. Cwit81 funds comprise expendable endowrnents. sthereby there is no rewirement to spend the capital unlss5, or until, thè eharty Trustee deTh'des lo do so. These funds are invest￿j lo prcAYuce unrestricted income vthi¢h ¢on be spait in attord8nee wth the dtraritsble obJ'eLtives. Inveslrnent income, gain8 and losses ore allocated to the appropriatèfund. Imiestments Listed investments are induded in the financial statem￿rtS at rnidwmarket value al tre b$lano Sheet dalg. Unli$l investments w¢ indudeil in the balan¢tr sheet 8t Ih&'r hl$lw¢al cost less any amounts written off. Investments indude ￿$h held lor investm8nt purposes. R￿115￿d galnB and108ses All gains and ltysses are taken Ic* the Stat¢menl of Fon0￿4 Aellvities as they arise. Realised gains and losses on inv&slmenls orè ealculatwJ as th¥ difforene8 batwsen sales woceeds and th&r opening cwrying value or their wrchase valua if acquired subsequent to the first day of the financial year. Unrealised gains and Josses are calculated as the (h'ftffen￿ btheen the fair value at the year end and ththr carrying value. 2 Inforniatlon r•gardlng Trust•• and Employ••s Klanwort Hambrcts Trust Company IUKI timrted recaved a lee 01 £2.442.W1£5,100.OD in 21r231 for its seNices as Corporate Trustee. 3 IMI￿Ont Incom• 2024 2023 B￿k Interest 27,910.83 18.897.11 £27,910.83 £18.897.11 4 Donatlons to CIAritable Institution• 2024 2023 Age UK British Rèd Cross Christian Aid Freedom from TortUTe Hospice UK Mari8 Curie PDSA Polka Theatre Prach'cal Action Prineess Aice Hospital Royal Htsticultural Society Royal Htsspital for Neuro Disat4lity RNIB RNID RNLI Versus Arthritss 62,500.00 62,500.00 82,500.00 62,500.00 82,500.00 62,500.00 62.500.QK) 62.500.00 62.500.c￿l 62.5c￿.(￿l 62,50D.LXI 62,5W. 62,500. 62,5CyJ.C¥J 62,500.fy) 62,500. Balon¢• Carrled Forward £l,000,OJO.C THE STARKE BENCE CHAR￿ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 6 APRIL 2023 TO 17 JANUARY 2024 S Support c￿ts 2024 2023 Governance Co#tJ: Kleinwort Hambros Trust Company (UK) Limited Fees Irnlwnthnt E￿Ineffs Fees 2,442.0 1,440.00 5,100.rxi £3.882.CA) £5,1CQ.IXI 6 Inv•stm•nts Ilsted on a recognlsed Stock Exchang¢ 2024 2023 Market Valua Brought Forward Disposals Realised GainllLossl Market Value C•rrfed Ftsn￿r￿ 17.091 Cash on Account 1.Q85.B11.17 1.085.PA)4.08 Totsl Investments £1.085.811.17 £1,085,804.08 7 Cr¢ditor4 amounts f•lllng du• vAthln onè y•ar 2024 2023 Indep￿dent Examinels Fee Klwnwort Harnbros Trust Company IUK> Limited Fees Charrt8tAe Donotion$ 1.440.00 2,442.QO 1,Cm,IX)C*.00 7,542.OD £1,(M)3,882.00 £7.542.CKJ 8 Eyndablo EndovM•nts Movement In FundB Gains and Tron¥t•r¥ B•lanc• S Aprfl 2023 Balan¢• 17January 2024 75.419.7S £1,075,412.e6 1£999.992.911 Incc4ne is available for general purposes. The eX￿dable endowment is repreSen￿j mainly by investments list on 8 recognised Stod( Exchang& 9 Unrestri¢ted Funds The income funds of the d)arity will bè dlocated by the Trustee towards charit¢es and charitable activities, as set out in the Tnjstee's ReFN)rt attachejj to these Finanaal Ststements. Lknreslricted funds are rewesentèa by the oJrrent assets ofthe charty. 10 Related party tran8actlon• and TrwJts0'$ •xpèn8è8 and r•Mun8ration The ¢hwty does not have a relationship wth any other charity or organisation8. Rwnuneration Of £2.442.00 1£5.1(M).00 in 2C1231 including VAT was paid to KJein*Drt Harntms Trust Cornpany IUKI Limited for its swwce as corporate Trustee.