REGISTERED CHARITY NUMBER: 284579 Report of tht Trustees and Unludited FinAn¢l41 SIAtemenls for the Year Ended 31 July 2023 for Sto¢kwell ChArlt*ble Trust Tayabali Tomlin Chartered Accountants Ken(on House Oxford Sireet Moreton-in-marsh Gloucestershire GL56 OLA Stockivell Charitable Trust Contents of the Financial Statements for the year ended 31 July 2023 Page Report of the Truste¢5 Independent Examlner'$ R¢port Statement of Flnan¢lal Actlvltles Balance Shee¢ Notes to the Flnanclal Sta¢emoDts 7 to 11 Detalled StAttment of FlnAnclal Aetlvltles 12 Stockwell Ch#ritable Trust RL'port of the Trustees ror Ihe ye2r ended 31 July 2023 The trustees present their report with the financtal statements of the cbarity for the year ended 31 July 2023. The (nistees have adopted the provisiolls of Accounting and Repot1ing by Charities.. Statement of Recommended Practice appltcable io charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Public benefil In addition to ihe gifts from the Trustees, other kind donors, and the income from the Trust's investments, the Trust has received income from the sculpture shows organised every two years Iwww.sculptureatkinghamlodge.com).These accounts include ihe proceeds of the 2023 show. Att¢ndance. of the public was similar to that of 2021 (around 9,000). However. the show was open for thr¢e days in the preceding iveek for local schoolchildren lo come and see their work alongside that of the professional SCLilptors from the UK and Zimbabwe. This experience gave the children immense satisfaction and boost¢d their self-confidencc to be recognised as Artisis. The public were blown away by the quality. exuberance and lun ol- the children's installations. Some 2.5(M) children visited the show. and many returned with their pai'cnts the following week. The Trust's main benefit to th¢ publi¢ is providing donations and grants to other charitable bodies in the UK and overseas. however due to thc sculpture show being held every two years. the Trustees have decided not to make larger grants in the year of a show bui will conrinue making grants in the years with no show. A well as the gyants it provides lo oiher charities. the Trusi has expanded its work with local schools. This aspect of the Trust's work continues lo grow. While we have aimed lo ensure the continuation of our support to charities ive have helped for many years. as our work in sch¢)ols expands. we need to increase our available funds. This could be achieved either through expanding the incorne from the sculptllTe shows or soliciting grants for the work in schools, or both. The state curriculum no longer provides funding for music and art in local primary schools (although OFSTED says schools are to provide these ihings) and so the trust hos be¢n funding a programme to assisi art education. li is now working with 23 local schools and some 3,500 children. This involves a number of local artists running art clubs and providing art experiences to the whole school each terni. We are grateful for the support of other Ift￿1$ and donors for this work. We are also gratctul for the support of Kingham Hill School, Bloxham school, and Oxford Brookes University in helping train teachers to use the art cupboards, that we have stocke& in other lessons. Academi¢ studies show ¢l¢arly the benefits children derive from art and music. It is not simply tbe slimulus for creativity and d¢xl¢rity, key to primary educations as this is. it is also the process of Working together with disctpline and order (pani¢ul8 other than Any requirem¢n( that the accounts give a true and fair view which is not a maller considered as part of an independent emmination. I have no concerns and have come ￿rO&S Th) other matters in ronnection with the examination to which attention should be drawn in this rerxTrrt in order to enable a rffoper understanding of the accounts to be rea¢hed. Sophia Maynell Tayabali Tomlin Chartered Accounthnts Kenton House Oxford Stre Motrton-in-M￿5h Gloucestershir¢ GL56 OLA 6 FebNary 2024 Page 4 Stockwell Charitable Trust Ststement of Finaneial Aetii'ities ror the year ended JI Jul) 2023 2023 Unrestrieted fund 2022 Totsl funds No*s INCOME AND ENDOWMENTS FROM Donations and legacies 311,655 15,460 Investment income 1,035 Total 312,508 16.495 EXPF.NDITURE ON Charitable activitie Donations and grants 78,110 53,036 Other 215,925 28,211 Tot*1 294,035 81.247 Net gain￿{losses) on investments (2,023) (7.458) NET INCOMEI(F.XPF.NDITURE) 1&450 172.210) RF.CONCILIATION OF FUNDS Tutsl lund¥' broublit lorward 245045 317,255 TOTAL FUNDS CARRIED FORWARD 261,495 245.045 The notes forni Fert of these financial ststements Page S Sto¢kwell Cbaritable Trust Balance Sheet 31 July 2023 2023 u￿r￿trICted fund 2022 Tothl funds Notes CURRENT ASSETS Debtot Investments Cash at bank 11.5,636 172,521 97.310 149.349 292,757 246.659 CREDITORS Amounts falling due within one year {31,262) (1,614) NET CURRENT ASSETS 261.495 245.045 TOTAL ASSETS LESS CURRENT LIABILITIES 261,495 245.045 NET ASSETS 261,495 245.045 FUNDS Unrestricl¢d funds 261.493 245.045 TOTAL FUNDS 201,495 245.045 The finan¢ial Sialements were approved by the &)ard of T￿￿te¢S and authorised for issue on 6 February 2024 arkd were signed on its behaif by: CD St(xkwell - slee The notes fomj part of these fina￿]&] siatetnents Page 6 Stockwell Charitable Trust Noles to the Fiiiancithl Statement5 ror Ihe )e#r cndcd 31 Jul), 2023 ACCOUNTING POLICIES Basis of prepariiig the financial 5tat¢m¢nts The tinancial staiemenis of the charity, which is a public benefit entity under FRS 102, have been prepared in accordan¢¢ with the Charilies SORP (FRS 102) 'Accouniing and Reporting by Charities= Stlltenient of Recommended Practi¢¢ appli¢able io ¢hariti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effeclivc l JanLiary 2019),. Financial Reporting Siandard 102 The Financigl Reporting StandaTd applicable in the UK and Republic of Ireland. and ihe Charities Act 2011. The financial slaiements hav¢ be¢n prepared under the historical cost convention. Incorne All incoine is recobinised in ihe Statcmenl of Financial Activilies once Ihe charity lias entitlement to Ihc funds. it is probabl¢ thal th¢ income will be received and the amounl can be measured reliably. F.xpendilure Liabilities are recognis¢d as ¢xpenditure as soon as there is a legal or constructive obli8ation coininitting the charity to that expendilure. it is probable ihal a transfer of economic bencfils will be required in setilem¢nt and the amoun¢ of ihe obligaiion can be measured reliably. Expendilure is accoLinted for on an a¢criials basis and has been classified under headings ihat aggregate all cosi rclatcd to the calegory. Where costs cannol be directly allribuled lo particular headings they have been allocAied to A¢tivities on a basis consistent with th¢ use of resouffes. T￿X￿tIOn 'I'he iharily is exempl from lax on its chariiable activities. li und a¢counling UnrLStriclcd lunds can be used in accordance with the charitabl¢ obj¢¢tives Ai the discretion of the trusleeg. Reslricled funds can only be used for panicular restricted purposes wiihin the objects of the charity. Restri¢tions arise when specified by the donor or when funds are raised for particular reslricled purposes. runher explanation of the nature and purpo￿ of each fund is included in the notes to the fsnancial s¢alements. Pag¢ 7 ontinued... Stockwell Charitable Trust Notes to the Financial Statements- continued for the year ellded 31 July 2023 INVESTMENT INCOME 2023 2022 Dividends and int¢￿st income 853 1.035 TRUSTEES, REMUNERATION AND BENEFITS Ther¢ were no trustees, remuneration or oiher benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. TTU5tees' expenses The￿ were no trustees, expenses paid for th¢ year ended 31 July 2023 nor for the year ended 31 July 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and lega¢i¢s 15,460 Inv¢stment income 1,035 Total 16,495 EXPENDITURE ON Charitable activities Donations and grants 53,036 Other 28,211 Total 81,247 Net gainsl(losses) on investments (7,458) NET INCOMEI(EXPENDITURE) (72,210) RECONCILIATION OF FUNDS Total funds brought forward 317,255 Page 8 continued. Siockwell Charitable Trust Note5 to Ihe fi inancial Statements - continued for the year ended 31 Jul). 2023 CONIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - tontinved Unrestricted fund TOTAI. FUNDS CARRIED 'ORIVARD 245,045 DEBTORS: A￿qoUNTs FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors 4,600 CURRF.N'f ASSE'f 1Tr4VESTMENTS 2023 2022 Listed investments 115,636 97.310 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Oihcr crcdiiors 31,262 1,614 qOVEMLNT IN FUNDS Net mov¢inenl in funds Al 31n123 At 118122 Unreslricled funds General lund 245.045 16,450 261,495 TOTAL FUNDS 245,045 16,450 261,495 Page 9 conlinued... Stockwell Charitable Trust Notes to the Financial Statements- Continued ror the year ended 31 July 2023 MOVEMENT IN FUNDS - continued Net movem¢nt in funds. included in the o1)ove or¢ as follows: Incoming resour¢¢s Resources expended Gains and Movenient losses in funds Unr¢$tri¢t¢d funds General fund 312,508 (294,035) (2,023) 16,450 TOTAL FUNDS 312,508 (294,035) {2,023) 16,450 Comparatlves for movement In funds Nct movement in funds Al 3117122 At 118121 Unrestricted funds General fund 317.255 (72,210) 245,045 TOTAL FUNDS 317,255 (72,2101 245,045 Comparative net movement in funds, included in the above are as follows.. Incoming resources R¢sour¢¢s expended Gains and Mov¢m¢nl losses in funds Unre5tri