harity No. 282796 THE F]Mi hlAN TRUST FINANCL4L sTATE.Th[s FOR THE YEI AR NDED 5 APRIL 2024 Charity Commission 2 4 IPR 2025 Received
Charity No. 282796 THE FINEI MAN TRUST COP4TEryTS Page REI l)OR'f OF THF. TRUSTEES INDEPENDENT EXATrllNEI R'S REPOR'I" RF,CFIPI'S AND PA YTrIENTS ACCOUNT STA'TEMENI, OF ASSETS AND I,IABILITIEI S I OTF,S TO THE FINANCIAL STATEfvIENTS
Charity No. 282796 THE FtIVEMATr4 TRUST REI PORT or Tl.IEI 'fRUSTEEI S ri OR I'HE YEI AR ENDED 5 APRIL 2024 The tTUStees present their report with the financial statements of the charity tor the year ended 5 April 2024. RE4 fiEI RENCE AND ADl1STRATtVE DEI TAIL Registered Charity nujnber 282796 Princip21 xddress Barj'ow Street House Bai'row Sti'cct Mere WmInSter Wiltshire BA126AB Trustees Mr P J FineiDaIi Mi's S B Fineman Mr J H FineiDan Independtnt Examiner Mr Philip Bevis, FCA FCCA Aiidrews and Paiiner i2 Tli¢ Squart GillinrTh&n Dorset SP8 4AR Baiilier5 Handelsbanken 5th Floor l J Charles 11 Street London SWIY4QU
Charity No. 282796 THE FINEMAN TRUST REPORT OF THE TRUSTEES FOR THE YLAR ENDED 5 APRIL 2024 Thtt Trustees present theii. aiinual report together willi ihe financial statements ofthe charity for the year ended 5 Apiil 2024. The finaneial statemeiits have been prepai'ed in accordance with requireinents of tht Charities Act 2011. C.on5titution Tlie Tmt is ali iiiiii)corpoi'ated tl'U5t, constiluled undti. ti'iisl deed dated ? l May 1981 and is a registeitd cliarity, iiuinber 282796. 1.he Trust was eslablished by initldl gift froin Mr P J Fineinan. I"Iie Trust does not actively fundraise and seeks to Ineel its objective by tlie careful steivardship of its existing sOurCes. Chai-ity objeitives I"he charity engages in mliking donatioiis to woithivl)ile cliaritablc caiis¢s from income or li-oin any pai of ihe capital ol-tlie'frust Flind d#tei'mined by the Ti'ustees. Trustees The names of the Ti'ustees who acted for the yeai. al'e set out OD pttge l. Procedures and policy for grant Tt]AkTng The Trust Dccd contains bi'oaol Lharitable objectives which allow the 'fi'llstee5, at their discl'eiion, to pay or apply income ld capitELI of tlie 'frust fund to or foi the benelit ot'a]iy chai"itable bodie¥, trusts, associations, institutioiis, 01- organi5ations. Investment policy The Trustees, aim is to invest in a portfolin to obtain an incoine sufficient to meet the Trust's grant making objectiv&£ whilst ensu1.ing the Ti'ust's long-tcrm stCUTIty. The Ti'ust rnay purchase any iiivestment andlor pJK)pei'ty as it, in 115 ab501utt disci'eiion, thinks fit. AchitveTnents and pei-foi'niance of the trust The Trustees contiiiued to give grants to suppoit various charities registered in the UK. The Trustees awarded a total of 15 grants iotalling £18,601 which I'epresents I I l /0 of the income I'eceived. Financial r¢view 'I'he charity received income of £1 6.674 dw'iiig the yeaF. After payment ot'£1 $,601 cliaritable donalions and adininistration expenses the ti'ust's casli funds decredsed by £4,J75. The trust's nel assets decreased by £8,930. The li'ust had I'ealised IossES on iIivestinenls of £2,481 an unreali5ed gain of £J.165.
Charity No. 282796 THE FlEmAN TRUST REPORI OF TIIL TRUSTELS FOR THE YEAR ETr4DED 5 APRIL 2024 Investment strglegy aud reserves policy The Trustees, strategy Itmains that of maintaining a rM capital base 80 that it can inake an enduring Contribution thi'ough its donations to other registeitd charities. The Trust's inveslments 'e in bank deposits and in quoted se¢uTiti* and are regularly reviewed. Plans for the futui The Trustees intend lo continue providing grants sn a SiEn51. way to the recent past continuing the emphasis on charitable causes but retaining flexibility as to the tiining, and scale 01nt makillg. Tlie TTUStees have no immediate plans to Inodify or I'adically change any ofthe objects. activities or policies. Structui'e, governance and Tnan2g¢tntnt The Trst Deed does not provide for a maxiinuTn oi. minimuin nuinbeT of trustees. The powei. to appointnew Trustees 15 Ye5t¢d in the Current board of Trustees. Other than the inoveincnts of Trusteos in the cunent year, it is not the intention of the Trustecs of the charity to appoint any new TTUStees. Should the situation change in fuiure, the Trustees will apply suitable iEcllEitinent, induction and training procedures. The day-to-day administrition of grants and the processing and handling of applications prior to considej'ation by the Trustees is delegated to P J Fineinan. There were no employees in thE cuffent or preceding year. Key mRnagement personnel remuneration Tlie I'i'ustees coiisider the board of TFLiStees as comprising the key manageinent pei'50niiel of the chai'ity in charge of directiDg and controlling the charity and running aud operating the cliarity on a day~tD-day bls. All TIsteeS give theii. lime freely and no Trustee remunerdtion oi. expenses werc paid in the
iear. Risk tn*Lagement The Trusfres are sat15fEed that appi'opriate protection, systein and cbecks rernain in place in ordei. to Tnitig&te exposui'e to major risks. In particul., the Trustees have delegated the Inanageinent of their investment po¥rtfolio to a I'eputable fiTm of snvestment managers. Tlic Trustee8 regularly review the levels of risk-s with their independent investment managers ensuring they are commensurate with investment retUFns. Gt'ant makiug policy The Trust LQIEtÈnues to accept appeals wliethei. Inadc foi'mally or infoi'mally by UK regISt.ed chai'ities. All application5 are considered on an individual bls. I'lie 'frustees have a policy: which 15 communicated to all beneficiaries Il)at they mak-e znts with no guai'antees for fulure funding.
Charity No. 282796 THF, FtNEMAN TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 Approved by the bodrd of trllSt¢es on the 21 March 2025 and signed on its behalf by.. Mi. P.1 Finemaii TTUStee Mib S E Finenian- Ti'ustee
Charity No. 282796 INDFPENDENT EXAMINER'S REPORT ON THE ACCOUNTS TO TIIE colWllTTE OF THE FINEMAN TRUST FOR THE YEAR ENDED 5 APRIL 2024 AS SET OUT ON PAGES 6 TO 9 Respective responsibilities of trustees and examiner Tl)e charity's trustees 'e Te5poitsible for tlie PTepai'&tion of the accounts in accordance with the I'£quireinents of the Chai'ilies Act 2011 ( tho Act"). Tlie charity's trustees consider that an audit IS not required foi. this year under section 144 of the Act and lliat all Indepedent exanination needed. It is niy responsibility to.. examine the accounts under section 145 of the chIltI Act, to follow the appli¢abl¢ Directio given by the Charity Commission under ssction 145(51(b) of the Act. and to state whether particular mEktters h&ve coine to my attention. Basis of independent examiner's r¢port My eXnInation aarried out ill accordance with generdl Directions given by the Charity Commission, ¢xaJiiination includes a review of the accounting records kept by the Ch'11Y and a comparison of the dccounls presented witli those i'ccoi'ds. It also includes eonsidei'ation of any unusual item5 or disclosw'ss ID the atcounts and seeking explanations from the trustees conceilling any 5u¢h TnatteTs. The proeedures undertaken do not provide the eviden¢e that would be requirtd an audit and consequently no opinion is given as to whether the acct)unls present a 'true and fair view, and the Tepoi't is limited to those matters Set out in the statement below. Independent exaniiTier'.s statement In connection with my examination, no material matters have come to my attention-. l. which gives me rca$onable cause to believe that in, any inaterial I'especL the requireinents.. to keep accounting records in accordance with section l JO of the Charities Act- oi. to pi'epare accounts which accord with the acLounting recoi'cts and comply with the accounting requii'ements of the Chaiities Act liave not been met,. oi. 2. to which. in my opiiiion, attentTon Should be dTawn to enable a proper understanding of the accounts to bc reached. Signed: Date: 21 March 2025 Name: Mr P L Bevis Relevant pi-otessioual qualifieations: FCA, FCCA Address: Andreivs & Palmer Lid Chartered Accountants 32 1.he Square Gilliiighai Doi'set SP8 4AR
Charity No. 282796 THE FIN£lAN TRUST RECEtPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted Funds RestrlLted Tot%1 Last Year Receipts Dividends CanaCCor Genuity Interest Canacc0t Genuity Bank intei'est receivable 'rhe Charities PToperty Fund Distribut10115 10.901 2.778 10.901 2,778 1.463 4,259 2,992 2,992 2,037 Totsl REteipts £ 16,674 £ 16,674 £ 17,765 Payments Grants madc (Note 2} Accouiitancy Legal Fees 18,601 1,908 540 18,601 1.908 540 26,713 900 384 Total P2yments' £ 21,049 £ 21,049 £ 37.997 Net Receiptsl (Payments) 14,37)) 14.3751 {10.239 Cash funds last year end Loan made lo trust 7.418 I.ODO 7,418 I,ooa 17,650 Cash funds thi5 yEar end £ 4,043 £ 4,043 £ 7,418
Charity No. 282796 I'HE fil.NEMAN I'RUST STATEMFNT OF ASSFTS AND LIABILJTIES FOR THE YEI AR ENDfi.D 5 APRIL 2024 Unresti'ietod Funijs Restricted riunds Tot21 tliis Year Total last Year C.a51i Fulld5 Hand¥lsbankBn 4.043 4.043 7.418 £ 4,043 £ 4,(b43 £7,418 Investillent Assets Note I £ 283,075 £ 283,075 £ 288,544 Assets retained for the Chari Debtors s own use Liabilitie5 Creditors Lijan 984 1.000 984 1.000 1,908 £ 1,984 £ 1,984 £ 1.908 Net Assets Note 3 £ 285,134 £ 294,064 ied b Trustees on behalf of the TrLlSt Signalure MrP J Fineman Signature Mi'% S F Fineinwi Date 21 March 2025
Charity No. 282796 THE FINEMAN TRUST RECEIPTS AND PAYTrtEN'I'S ACCOUNTS FOR THE Yfi AR ENDED 5 APRIL 2024 Uni'tstricted ruiids Rostricted FuDds Last Year Fuijds Receipts Dividends Canaccord Genuity Interest Canaccord Genuity Bank intetest receivable The Charitie5 Property Fund Distributions 10,901 2,778 10,901 2,778 11.463 4.259 2.992 2,992 2,037 Total Reccipts £ 16,674 £ 16,674 £ 17,76S Paytn¢nts Grant% rnadt (Note 21 Accountancy Legal Fees 8,601 1.908 540 18,601 1.908 540 26.713 900 384 Total PayJ]i¢nts £ 21,049 £ 21,049 £ 27,997 Net Receipts/ (PayrnCts) 14,375) 14,J75) (10,232) Cash fvnds lasi ye2r end Loan inade 10 Iriisi 7,41 1,000 7,418 1,000 17,6iO Cash funds this year end £ 4,043 £ 4,043 £ 7,418
Charlty No. 282796 THE FINFMAN TRUST STATLMENT OD ASSEI TS AND LIABILITIES OR THE YEAR ENDED 5 APRJL 2024 Urjresti-icled Funds Restricted Funds Totul ihis Year Total last Yeai- Cash Funds l.landelsbanken 4,U43 4,1)43 7,418 4,U43 £ 4,043 £7,418 Iiivestment Assets Note I £ 283,075 * 283.075 £ 288,554 Assets retained for the Cliarit Debtoi s owii use Li'ibilities Credstors Loan 984 1.000 984 1,000 1.908 £ 1,984 £ 1,984 £ 1,908 Net Assets Notc 3 £285,134 £ 294,064 ncd b Ti'ustees on beh of the Ti'LlSt Signature Mr P J Fiiieinan Sigiiatui'e Mi's S k. Fineman Dale 21 March 2025
Chanty No. 282796 TkIl fiIf4EMAN TRUST NOTES TO THE FINANCIAL STATEIVIENTS FOR THF, YF.AR EI TrIDLI D 5 APRIL 2024 I. INVESTMETrIT ASSETS 2024 2023 CJnAtcord Iiivestmeiit Portfolio Market Valut at 6 April Additions DispTr5als Reali£ed gdin Ilossl Markel incre8se Idccrease) in Vi¢ luation 240,101 48,725 (52,1741 12,48 I) 3.165 ?69.870 71.410 {47,569) 19,019) 144,571) Mai'ket Value at 5 Aprsl 237,335 240,101 Tlie Clai2ritie5 Pro ei't Fund Market Valuc clt 6 Api'il Change in Valuc MaTket TraIue at 5 April 48,4i3 12,71i} 45.740 55,950 (7,497} 48,453 £ 283,075 £ 288,554 The details of Èhe Lanaccord Wealtli MaDagement investtnents lield werc as follow5.. 2024 2023 15125 Aviva 19.511 lioo Blackrock World Mining Tiusi 8.040 18700 General Accident Prefs. 21,973 18000 FISBC Holdings Pl¢ 5.75Q/ 18,278 22150 John Laing Environmenlal Asset Grp 19,558 9300 Lloyds Banking GJDup PIC 26,808 10080.889 Man Funds PIC 7000 National Iwesimiiistcr Bank Pl¢ 20250 Royal & Sun Alliallce Prefs. 16450 SanlandeT UK PI£ 3100 re.0 PIC 7000 UK Government 0.1250/0 28200 UK Goven]menl 2.25D/o 37050 UK Governinent 6Yo IDO.696 Vor]tobel l.und Tiventy-four 7396. L44 WS Evenlode Investrnent Funds Cash A¢crue(f Interest 18.377 9.73) 19,44¥ 17.862 26,713 25,891 9,302 9,216 20,655 19.329 9,321 21,971 21,550 8,975 6,791 27,979 40,328 8,787 18.771 893 18,556 ,435 .031 Market Value at 5 April 240 101 The C.h3ritiE5 PTD Fund 38.805.517 45,740 48,453 £ 283,075 £ 288554
Charity No. 282796. THE FINEMAN TRUST NO'fES TO TEIL bJNANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 21)24 2. GRANTS MADE Bcrk511ii'c, Bucks & Oxoii Wildlife Trust Diverse Abilities Elitar Foundation Exmoor Calvert Trnst Guide Dogs for the Blind Horizons (Plyinoulli) Interaci Stroke Suppoit Mercury Musical Dcvelopinenl Porthleven Town Band Shin¢ The Tim Henman Foundation Wallace & Gromit Childi'eii's Foundation Willoiv Foundition Clay Shoot ri11s1iire Bobby Van Trust Wiltshire Miiid 128 1,329 100 500 1,020 1,000 1,500 2,500 1,000 400 200 1,500 424 5,000 2,000 £ 18,601 3. NET ASSETS 2024 2023 Capitsl Ac¢ouiit Unrcstricted Fund 23,345 270,719 261,789 £ 285,134 £ 294,064