Do*n Envelope ID. E4C48474-C71&4D4B-81Ctk7AC1C8885DOg COMPANY REGISTIIATION NUIIABER.. 01674021 CHARITY REGISTRATION NUMBER: 286232 SPAR UOTE LIMITED AND SUBSIDIARY UNDLI RTAKINGS FINANCIAL STATCI MEIYTS for the year ended 31 MAIICH 2025 COHEN ARNOLD Chartered Accouiltants & Siatiitory Auditor New Bui'liiigton l.IousC 1075 Finchley Road l.ondon NWII OPU
DU$l0 Envelopts ID E4C4B474C71&4D4B.B1eD.7ACIC8885009 SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS INDF.X TO THf FKNANCIAL STATEMENTS FOR THF. YEAR ENDED 31 MARCH 2025 PAGES Truste¢s' annual report (incorporating the dii'eLtor's r¢porl) Ito4 Independei)t auditoi s report to th¢ m¢mb¢rs Sto8 Consolidated statcmcnt of financial activities (including the onsolidated incotne and expendilure account) Consolidated balance she¢l io Charity balance sheet li Consolidated statemenl of ¢ash flows 12 Notes to the financial statements 13to23
DaSn Envelope ID". E4C4B47&C7184D48-B1CD-7ACI¢8865D09 SPAR UOTE LIMITED COMPANY LIMITED BY C.UARANTF,F. TRUSTEE8' ANNUAL REPORT INCORPORATING THE DIREcfoRS' REPORT YEAR ENDED 31 tIQARCH 2025 T])e triistces, who are also directors for the purposes of company law, prescnt thLir I'Lport and the financial statcmcnls of tli¢ Lhttrily and its subsidiary iindei1akings for tlic year ended 31 Mar¢1) 2025. REFERF.NCF. AND ADMINISTRATIVE DETAILS RegÈstere(I charity name Sparquolc Liinited Charity registration number 286232 Company registration number 01674021 Principal offiee reglstered offjee Cavendish Flouse 369 Burnt Oak Broadway Edgeware Middlesex HA8 SAW The trustee5 Mr Joseph Alexandei. Goldstein (r¢sign¢d 16 July 2025) Mi. Richai.d Simon Lewis Mi. David Hersh (appointed 17 July 2025) Audltors Col)en Amold Chartered Accountants & Statutory Audilor New Burlington House 1075 Finchley Road London NWII OPU Bankers Barelays Bank plc High Street Edgware Middlesex HA8 7RY STRUCTURE, GOVF.RNANCE AND MANAGEMENT The Charity is constituted as a company lijnited by guarantee, and is therefore governed by its memordndum and ariicles of as50Cjlltion. The Charity's subgidiary undertakings are Haneveim Litnited, a property development holding coinpany, Bei'keley House Edgware LiiniÉed, a coinpaiiy engaged in th¢ subletting of pix)perty and 65 London Road Limited, whiLh has acquired a property for developineiit. The council of rnanaLieinent athninisters the day-to-day affairs of the Ch2rsty. None of the Trustees have any beneficial intcrcst in the Chai'ily. It is not cuntntly the intention of the Trustees of the Charily lo appoint new Ti'ustees. Should the situation change in the futui'e, the Trustees will apply suitable rUItment trainin& and induction pi'ocedures. Therc wei'e two Tjustecs who served during the year. The'fivstees did not rcceive any i'emunei'ation for their sei'vices nor did they receive any reimbu¥sement for out of pocket Cxpenses.
Docusiw Envdopa ID. E4¢4B474¢7164D4&8IC7ACfjC8805DO9 SPAR UOTE LILIqITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANTr4UAL RLPORT INCORPORATIIYG THE DIRECTOR'S REPORT YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Thc Charity is established to further those purposes both in the United Kingdoin and abi'oad recognised as charitable by English Law and in fiiithei'ance of the afnreimcntioned object5. 'lTh¢ Chai'ity i'eceive5 ineome mainly from its pn)pety invesbntnls and charitable receipts under Gift Aid, which it utilises in the piDvision and distribution of giants and donations. 'I'he Chai'ity's principle activity 'Ouhout the year was the pi'ovision and distribution of donations and grants to organisations, and no change i5 envisaged in the iinincdiate future. The Ti'ustees confirin that th¢y have refen'ed io the guidance contained in the Charity Coinjnission's general guidance on public benefit when iEviewinx the Cliai'ity's alin5 and objectives and in planning future activities and setting the grant making policy for ihe year. ACHIEVEMENTS AND PFRFORMANCE DLiring the year the Charity continued its philanthropic activities in support of religious, education and other ch&ritablc institutions and aggregate donations were paid in the suin of £1,484.860 {2024.. £140,717). Th¢ benefit5 that these charities provide include.. Finan¢s81 support to the poor Provision oFbasic necessities to the poor Relief of sickness and disabilities Jewish education and SUPPDit for place5 of worship for the Jewish community FINANCIAL REVIEW Financial position The financial position of the charity and its subsidiary undertakin&8 is satisfactoiy. The charity's consolidated statement of financial activities shows net income of £1,222,537 (2024.. £326,458} and total resei'ves of £20,299,468 {2024.. £19.076,931). FINANCIAL REVIEW Reserve pollcy It is the policy of tlie charity to maintain U[esti.cted funds. whicl) include the free lyrYeS of the Cliai'ity, at a levtl which the Trustees think appropi'iate, after considering the future coininitinents of thc Charity and the likely costs of the Chai'ity for the next year. As at 31 March 2025 the charity has total fuud5 Qf £20,301250, all of which are unresti'icted. The charity is 5ati.%fied that its ability to contiiiue its grant making charitable activities into the future is supportcd by net investment ineome realised from its investments on J regulai. basis. Grant making policy Cjrants arc niade to charitable institutions and organisations which accord with the objects of the Charity. The Ti'ustee5 are approached for donations by a wide variety of charitable institutions operating all oY¢r ngland (aiid also abroad). The Ti'ustees consider all iEquests which they receive and make donations based on the level of funds available.
Docusgn Envdope ID. E4C4B474C7164D4&81C7Ac1C8&8sD09 SPAII UOTE LIMITED COMPANY LIMITED BY GUARANTEE TRUS'fEI ES, ANNUAL REPORT INCORPOIL4TIIYG THE DARKCTOR'S REPORT YEAR EI NDF.D 31 MARCH 2025 Investmen¢ powers and policy #rtd obJeetlves Under the memorandum and articles of assoeiation, the Charity has the power to Inake any investinent, which the Ti'ustees see fit. The I rustees regularly reviow the Charity's position and needs in respect of the investment policy. Risk maRagement The trustees have assessed the Inajoi. risks to which the charity is exposed, in particular those to the operations aT)d finatjces of the charity, and are satisfied ihe systems are in place to Initigate it5 exposw'e to those risks. PLANS FOR FUTURE PERIODS 'I'he tsustees plan to continue to make distributions in accordance with their grant Inaking policy and to ¢nsure that the ability to generate sufficient income is maintained to achieve that end. TRUSTEES, RESPONSIBILITIES The trustees, who al'e also directOl'5 for tl)e purposes ofcompany law, are responsible for preparing tlie tiste¢S, report and the fjnancial stateinents in accoi'dance with applicable law and Ilnited Kingdom Accounting Standards (United Kingdom Generally Accepted Accountsng PractEce). Coinpany law requii'es the charity trustees to prepare fancial Statllents for each year which give a true and fair view of the state ofaffairs of the gi'oup and chai'itable company and the incoming resources and application of resoui'ces, including t]ie inconie and expenditure of the 8TOUP, for that pei'iod. In preparing these financial statements, the trustees are iEquired to.. Select suitable accounting lI¢jeS and then apply them consist¢ntly- observe the methods and principles in the Charities SORP. Inake judgements and accounting e5tirnates that are reasonable and prudent., and prepai'e th¢ financial staleinents on the going concern basis unles5 It Is inappropriate to PlEsume that the charaty will continue in operation. The trustees are rcsponsible for keeping adequate accounting recoi'ds that ajf suffi¢ient to show and explain the charity'5 transactions and disLlose with reasonable accuracy at any time the financial position of the charity and enable them to en8urc that the finRnLial slateinents comply with the Companie5 A¢1 2006. They are also responsible for safeguai.ding the assets of the charity and the wDup and hence for tsking reasonable Steps for the pi'evention and detection of fraud and other irregulAriÉies. AUDITORS Each of the persons who is a trustce at the date of approval of this report confimis that.. so far as tl)ey are awaiE, thei-e is no relevant audit infoiThiation of which Liie cliarity's auditors aiE unaware. and they have taken all the steps that they ought to have taken as trustee to make themselves aware of any Televant audit information and to establish that tlie cliai'ity's auditors ale aww'e of that infom)ation. The auditor is deemed to have been i'eappointed in accordance with section 487 of the Companies A¢t 2006.
DoCugn Envdape ID." E4C4B474C7I6-404B1cO-7AC1C888sDo9 SPAR UOTE LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT IIYCORPORATING THE DIRECTOR'S REPORT YEAR fi ]YDEI D 31 MARCH 2025 SMALL COMPANY PROVISIONS 'I'his report ha5 been prepaTed in accordance with the provisions applicable to companies entitled to the small coinpanies exejnption. The tssleeS, annual report was appi'oved on 30 Januwy 2026 and signed on behalf of the board of tiustees by.. DOu91dby'. hdwl Luuis 8WC3DFWIFO_. Mr R S Lewis Trustee
Do(x}s Envdope ID. E4C4847A-C7164D4&B1¢D-7AC1C8885t)0g SPAR UOTI,. LlfvtITED COMPANY LIMITED BY GUARANTEI E INDFPFNDE]YT AUDITORS, REPORT TO THE MFMBf.R.S OF SPAR UOTE LIMITF.J) YEAR ENDED 31 MARCH 2025 We have audited the financial statements of Sparquote Limited for thc ycar cnded 31 Mi arch 2025 which cotnprise the Consolidated statement of financial activities (including income and cxpcnditure account), the consolidated and parent Charity balat]ce sheets, the consolidaied stsiement of cash flows and the relatd note5. The financial pOrting frarllework that has been applied in their preparativn is applicable law and the United Kingdum Accounting Standard5 Iuiiiied Kingdom Getierdlly Accepted Accounling PractiGel, inGluding FRS 102 I'he Financial Rcporting Slajidard applicable in the UK and Republic of Ireland. In our opinion the financial 5tateTnenls: give a true and fair view of the slate of the group and charity's affails as at 31 March 2025 and ofthe group's in¢oming resourccs and application of Tesources, includtng its income and expenditure. for tlie year then ended., have been properly PTepared in a¢¢ord8nce with United Kingdom Generally A¢¢epled Accoiinting Pra¢ti¢e', have been prepared tn accordance with the requirements ofthe Companies Act 2QO6. BASIS FOR OPINION We wnducted our audit in a¢¢ordan¢e with Inlerjiational Standards on Aud2ting {UKI IISAS (UKI} and applicable law. Our respollsibilities under those standards are fuither described in the aiidiloi's respon%ibilities for the audit of Ihe finanGial stdtemenls section of our report. We aiE independcnt of the charity in accordance wilh the ¢ihi¢al requiiEmertt.% that arc relevaiit to oui. audit of the financial siaiemetits in thc LK, iiicluding the FRC'S Etlii¢al Standard, and wc have fulfilled ourother ethical iE5POllsibiliti¢s in a¢¢or(fanc¢ with these requirements. We believe that the audit evidence we have obtained is sufficsent and &PPToprsate to provide a basis for our opinion. CONCLU,SIONS RELATING TO GOIP4G CONCERN W¢ hav¢ nothing to rcport lll respect of the following matters ill relation to which the ISAS IUKI require us lo report to you where.. the truste¢s' use of the going concern basis of accounting in the pr¢paratioll ofthe fit)ancial statements is not appropriate,. or the trustees have not disclosed in the finan¢ial statement5 any identified tnaterial unc¢nainties that may cast significant doubt about the ¢harity's ability to continue to adopt the going concem basis of a¢¢ouniing for a pei'iod of at least twelve months from the date when the financial 5tatEmEnts are authorised for issue. As subsequent events may Tesult in outcomes (hat are iiiconsi5tent with judgements that were reasonable at the timE they were Inade, the absence of r¢f¢T¢n¢e lo a material uticertaijity in thi5 auditor's iepoi'l is not a guarantee that the ompany will continue in operation. OTHF.R IIYFORMA'fioN The otliEI- inforiiiation comprises thc inf017Mation includ¢d in the trustees, rcport, other thtth the financial statements and OUT aiiditor'.% TepoTt tlicrwii. Thc trustees are Yespoiisible for Uie otlier infoimiatioii. Ouropinion on tlie financial statements does not cover Ihe other infomiation at]d. except to ihe ext¢nt oihetivise expliCt[Y 51attd in our rEport. we do not cxpres5 any foTm of assuranceconclusioii Ihereon. In ¢onne¢lion wilh ouralldil of tlie financial stateTnents, our responsibility is to read ihe other inforinalion and, iii doing so. consider whether tlie other iiiformation is materially inconsistent Wth the financial slateincnts or our knowledgc obtained in the audii or otherwise appears to be materially misstated. If we ideiitify such ma¢¢rial inconsistencies or apparent material misstatement8, we are reqiiired lo d¢teimin¢ whether thcrc is a material misststemeni in the financial statement5 or a tnatei'ial niisslaiemeiit of the other infoTmation. If, bas¢d on the work we have ptrformed, we ¢onclude tliat there is a material inis5tatement of this other infortnation, we are required to repoit that fact. We have notliing lo repDII thig regard.
Dc510n Envdope ID.. E4C4B474-C716-4D48-B1cD.7Ac1C88rX)9 SPAR UOTE LIMITfi,D COMPAIYY LIMITED BY GUARANTEE INDEPENDEI NT AUDITORS, REPORT TO THE MEMBERS OF SPAR UOTE LIMITED Con¢inlled YEAR ENDED 31 LVIARCH 2025 OPINIONS ON OTHER MAF.R$ PRTrSCRIIIF,I) HY THk COMPANIES ACT 2006 In oui. opinion, based on the work undertaken in the course of the audit.. the infomiation given in the ti'ustees, report for the financial year for which the financial statements are PTeparcd is cunsislent with the financial statement5; and the truste, i'eport has been piEpar¢d in a¢cordancc with 8ppli¢able legal requiremcnts. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of the knowledge and understanding of the charity and its envii'onment obtyined in the course of the audit. we have not identified material Ini55tatement5 in the ts'ust¢es' Teport. We have nothing to report in respect ofthe following matters in relation to which the Companies Act 2006 roquires us to TCPOrt to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for ou]. audit have not been received from branches not visited by us. or the finaneial statements are not in agreement with the accounting reeords and retums. or certain di5closure5 of trustees, remune12tion specified by law are not made. or we have not received all the information and explanAtion8 we requiir for our audil or the tlustees were not entitled to prepare the financial statements in awordance with the small coinpanies Irgiine and take advantag¢ of the sinall coinp8nie5' ¢xeTnptions in preparing the directoi's. report and from thc requireinent to prepare a strategi¢ repoit. RESPONSIBILITIES OF TRUSTEES As explained more fully in the trustees, respoi)sibilities 5tatem¢nt. the trust¢es {who are also th¢ dirwtors for the purpu5es of coinpany law) are responsible foi. the preparalion of tlie financial stateinents and foi. being satisfied that they gFive a tt'ue dnd fail. view, and foi. such internal conlrol as the trustees detsrinine is neLessaiy to enable the preparation of findnLial stateinents that air free from material Inisslateinent. whether due to fi'aud or error. In preparing the financial statemont5, thc tsustees are responsible for assessing the Charity's ability to continue as a going concern. disclosing, as applicable, Inattei'5 related to going coneem and using the going LunLern basis of accounting unless the trustees either intcnd to liquidate the chl.1[Y or to eeage operations, or have no realistic altemative but to do so. AUDITOR'S RF.SPONSIBILITIES FOR THE AUDIT OF THE filNANCIAL STATfi MENTS Our objeLlives are to obtain ieasonable assurance about wl)ether the financial statemeJit5 as a whole aiE fire troni Inaterial Inisstatemenl, whether due to fraud or eri'or, and to issue an auditoj s repoit that includes ow. opiniLin. Reasoi)able assurance is a high Icvel of assurance, but is not a guaTantee that an audit conducted in accordance with ISAS {UK) will always detcct a Jnaterial m555taten)ent when it exists. Misstateinents can ai'ise from fixud ur error #nd al'e considered matci'ial if, individually oj. in the aggregate, they could i'easonably be expected to influence the econoini¢ decisions of users taken on the basis of th¢s¢ financial stateinents. irregulai'Éties, including fraud, are instances of non-coii)plian¢e with laws and regulations. We design pi'ocedui-es in Itne with our respoiisibilities, outlined above, to detect inatei'ial Inisslatements in resp¢ct of ilyegulai'ities, including fraud. 'lThe extent to which our procedure5 are capable of detecting irregulai'itie5, including fraud is detailed below..
Do¢us1gn Envebpe ID. E4C48474_C71&4D4B.81c7clG68eSD SPAR UOTE LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITORS, REPORT TO TEIE MEMBKRS OF SPAR UOTE LIMITED YEAR ENDED 31 MARCH 2025 AUDITOR'S RESPONSIBILITIES FOR I'HF, AUDIT OF THE FINANCIAL STATEMENTS {¢ontinu£d) Wc obtained an undeTStanding of the legal and regulatory frameworks that are applicable to the group through discussion with the dsrectol's and identified financial I'eporting legislation. landlord legislation and chai'ily legislation as being most signifEcant to these financial stateinents. We wmmunieated these identified frameworks amongst oui. audit teaTn and Irmained aleit to any indications of non-coinpliance throughout the audit. We ensured that the cngagcmcnt team had sufficient competence and capability to identify or rogniSe non-compliance with the laws ond regulation5. We discussed with the directors the policies and procedures regarding eomplianee with these legal and re¥ulatory frameworks. We assessed the susceptibility of the gwiup's financial statements to material misststeinent due to non- compliance with legal and regulatory fi"ainewoi'ks, including how fi'aud Inight OCCUT, by enquiry with the directors dw'ing the planning and finalisation phases stages of ow audit and by using PJX>PTietary disclosure ¢he¢klists. Th¢ susceptibility to such Jnaterial Inisytateinent was deteiinined to be low. Based on this understanding. we designed our audit procedu5 to identify non-compliance with the identified legal and regulatory frameworks. which were pait of oui. PToredui'es un th¢ ielated financial statement items. Owing to the inheJEnt liinitations of an audit, there is an wjavoidable Tisk that we may not have delecled some material misstatements in the financial ststein¢nts, even though we have pi'operly planned and performed oui. audit in a¢cordanee with auditing standai'ds. for exainple, the fturther re]noved non-compliance with laws and regulations (ii'irgularities) is from the event5 and ti'an5actions reflected in the financial 5tatefflents, the less likely the inherently liinited pi'oceduiES requii'ed by auditing standai'ds woiild identify it. addition, as with any audit. there reinllined d higher i'isk of non-detection of irregularities, as these inay involve collusion, forgery, intentional omis5suns, misrepresentations. or the override of inlei'nal controls. We aJE not responsible for preventing non-coinpliance and Lannot be expected to detect Iion-coinpliance with all laws and regulations. As part of an audit in accordancc with ISAS {UK), we exeirise pi'ofessional judginent and maintain prof¢55ional sccpticism throughout the audit. We also.. Identify and assess the risks of Inaterial Inis51ateinent of the financial statements, whether due to fi'aud oi. ei'roi., de5ibJn and perfoi'in audit pi'ocedurcs responsive to those i'isks, and obtain audit evidence that is sufficient and appropriate to pi'ovide a basis foT our opinion. The risk of not detectiiig a inaterial misstateinertt resulting froin fi'aud is higher than for one resulting fr()IM error, a5 fi2ud Jnay involve collusion, forgery. intentional oini5sion5, misrepresentations, or the override of internal Control. Obtain an underst&nding of inlemal conts'ol relevant to the audit in order to design audit procedures that are appropriate in the cireuinstances, but not for the purpose of expTessing 3n opinion on the effectivcness of the iniernal control. Evaluate the appropi'iateness of accounting policses used and the reonablencsS of accounting e5tiinates and related disclosures made by the thstee5.
Drthon Envekpe ID.. E4C4B474-C71MD4B41eD.7AC1C8885009 SPAR UOTf LIMITED COMPANY LIMITFD By C.UARANTEE INDEPENDEIYT AUDITORS, REPORT TO THE MEMBERS OF SPAR UOTE LIMITED Continued YEAR ENDED 31 MARCH 2025 Conclude on the appropriateness of the trustees, use of the going concei'n basis of accounting and, based on the audit evidence obtained. whether a Inat¢i'i31 uncertaiJ)ty exists related to events or conditions that may cast significant doubt on the charity's ability to continue a5 a going concem. If we conclude that a inaterial uneertainty exists, we are requii'ed to th'aw attention in our auditor's report to the i'elated disclosures in the financial stateinents or, if such disclosures are inadequate, to modify our opinion. Our conclusions air based on the audit evidence obtained up to the date of our auditor's repoit. However, future events or conditions niay cause the chai'ity to cease to continue as a going concei'n. Evaluate the overall presentation, structure and content of th¢ financial 5ttttementg, including the disclosures, and whether the financial statements representthe underlying trJrtsaetions and events in a Inanner that achi¢ves fair presentation. Obtain sufficient appropriate audit evidence regarding the financial infomiation of the entities or business aclivities within th¢ group to express an opinion on the consolidated financial stateinent5. We are responsible for the dir¢clion, supervision and perfonnance of the group audiL We IEinain solely responsible for our audit opinion. We ¢ommunic8tc with those charged with governance regarding, ainonbF Other Inatters, the planned scope and timing of the audit and significant audit rdIngS, including any significant deficiencies in inteinal control that we identify during our audit. USE OF OUR REPORT This report is Inade solely to the charity's members, as a body in accordance with Chapter 3 of Part 16 of the Companie5 Act 2(X)6. Our audit woi.k has been undeilaken so that we Mi1t state to the charity's It)embers those Inatteis we air IEquiird to slate to them in an auditols report and for no othei. purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the ¢harity and the charity's members as a body, for oui. audit work, foi. this report, or for the opinions we have fom)ed. nedby. FAC ei enior Statutory Auditor) For and on behalf of Cohen Arnold Chartered Aeeount8nts & Statutory Auditor New Burlington House 1075 Finchley Road London NWII OPU Date.. 30 January 2026
051 Envelope ID E4C48474£71e4D4BIc.7AcIc8885Ijg SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS CONSOLIDATED STATEI METr4T OF FINANC.IAL ACTIVITIr.s 1Tr4CI,UDING THE CONSOLIDATED INCOMF. AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 202.$ Unrestrieted Funds 2024 Unrestricted Funds Note ltteome and endowments Investmtiit incoine In¢oine from trading activities 1,1135,981 4,714,847 1,045,000 Totsl Tncome 6,550,828 1,045,000 FJxpenditure r,xpenditure on r8ising funds.. Investment management costs Expenditure on fyoding activities Expendituir oll charitable activities Taxation (S48,625) (3,27.S,962) 8,9 (I,S03,2S2) (452) (562,045) (156,497) Total expenditure (5J28,291) (718.542) Net gainsl{lossesl on investments: Gaird(10s9) on revaluation of inY¢stment propeity Net income and net movement i funds 14 1.222,537 326,458 Reeoneiliation of funds: Total (unds brought forward 19,076,931 18,750,473 Totsl funds earrled fonvard 22 20,299,468 19,076,931 The stateincnt of financial activities includes all gains and10sse5 recognised in the year. All incoine and expenditure derive fi'om eontiniiing activities. The notes on pages 13 to 23 form part of these financial statnents.
Docuslgn Envdope ID.. E4C4B474_C7164D4&B1CD.7AC1C8885D09 SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS CONSOLIDATED BALANCE SHE£1 T AS AT 31 MARCH 2025 2025 2024 Note FIXED ASSETS Investinents 15 25,829,406 21.828.406 CURRENT ASSETS Stock Debtors Cash at bank and in hand 16 17 18 3,271,870 75,123 21.561 192,436 105,518 297,954 3,368,554 CREDITORS: amounts falling due within one year 19 (4,780J06) (4,784,795) NET CURRENT ASSETSI(LIABILITIES) TOTAL ASSETS LE&S CURRENT LIABILITIEI S {4,482,352) (1,416,241) 21,347,054 20,412,165 CREDITORS.. amounts falling due after more tlign oiie year 20 (1,047,586) (1,335,234} NET ASSETS 20,299,468 19,076,931 FU]YDS OF THF. CHARITY Unrestricted funds 22 20,299,468 19,076,931 To(#1 charity funds 20,299,468 19,076,931 These financial stateinents were approved by the board of tsvstees and authorised for issue 30 January 2026. and are signed on behalf of the board by.. FBEAF9I4FÉ1.. Mr R S Lewis Trustee Company Registration Number.. 01674021 Charity Registration NuinE¢r.' 286232 The notes on pages 13 to 23 form part of these financial statements. 10
Envelop8 ID." E4C48474C7164D4B.B1eD.7AC1C8885D SPAR UOTE LIMITED COMPANY LIMITED BY GUARANTF.F BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 FIXED ASSETS Investinents 15 25.829,693 22,377,762 CURRENT ASSETS Debtors Cash at bank and in hand 17 255,457 34,372 4,234,551 20,258 289,829 4,254,809 CRCI DITORS: amounts falling dut within one year NET CURRENT ASSETSI{LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES 19 (4,770,686) (4,778.741) (4,480,857) (523,932) 21J48,836 21,853.830 CREI DITORS: amounts falling due after more than one ycar 20 (1,047,586) (1,335,234) NET ASSETS 20,301,250 20,518.596 FUNDS OF THE CHARITY UtuEstricted fvnds 20,301,250 20.518.596 Totol eharlty funds 22 20JOI,250 20,518,596 These fitvdncial stateinents were approved by the board of trustees and authorised for issue on 30 January 2026. and are signed on behalf of the board by.. Dts¢uS&nedby'. flJBEAICJDF914FD... Mr R S Lewis Ti'ust¢e Company Registration Nwnber.. 01674021 Charity Registration Numixr.. 286232 The notes on pages 13 to 23 fonn pait of these fiDan¢ial stateinents.
DocJJ*gn Envdow ID. E4C4B474Q71eAD4B-B1CO-7ACIC8885D09 SPAR UOTF. LIMITED AND SUBSIDIARY UNDERTAKINGS CONSOLIDATED STATEMENT OF CAS14 FLOWS FOR THI YEAR ENDLD 31 MARC.H 2025 Note 2025 2024 CASH FLOWS FROM OPERATING ACTIVITILS Net income 1,222.537 326,458 Adjustinonts foi.: Net gainsl{lossesl on iiivestments Dividends, inteiEst and rent5 from investsnents Othei. interest receivable aTJd 5sinilar intome l axation Accrued expense51(income) Payinents for expenditure on invcstinent properties Interest payable and 5imilai' Charges Change5 in.. Stock Trade and oihei. debtors Trade and othei. creditors (1,825,647) (1.045,000) (10,334) 452 7.804 132.806 415,819 95,433 466,612 3371,870 (32,820) (4,420) 7.299 (9,516) Cash generated from operations 3,178,067 (158,714) Taxation Interest reLeived (452) IU,334 Net cash used in opei'atll)g activities 3,187,949 (158,714) CASH FLOWS FROM INVESTING ACTIVITIES Divid¢nds, intei'est and i'ents from investments Loan investments advanced I'urchases of stock Payments for expenditure on investment properti¢s 1.766.434 14,001,000) 1,041,993 (25,937) (96,357) (132,971) Net cash froin inve5ttng activities (2J67,537) 919,699 CASH FLOWS FROM FINANCING AcfivITIES Repayments of bon'owings Interest paid {280,311) 1267,814) {4S6,144) (476,467) Net cash generdted l (used) in financing aetivities (736,455) (744,281) NET INCREASE I(DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR 83,957 21,561 16,704 4,857 18 IOS,S18 21,561 The notes on page5 13 to 23 foi'jn parl of thesc financial stateincnts. 12
Docuslgn Envdopè ID.. E4C4B474-C71EMB£1CD-7AclC8B[x>g SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTEI S TO THE FINANCIAL STATEMENTS FOR THE YCI AR F.NDF.D 31 MARCH 2025 GENERAL INFORMATION The charity is a pi'ivate company limited by guai?ntee. regtstered in En1[and and Wdles and a registered charity in England and Wales. The address of the registeird office is Cavendish House, 369 Burnt Oak Broadway. Edgware, Middlesex, HA8 SAW. STATEMENT OF COMPLIANCE These financial stateinents have been prepared in complianee with FRS 102.'The Finaneial Reporting Standai'd applicJble in the UK and th¢ Republic of Ireland,, the Statement of Recomlliended Practice appliLable to charities pi'eparing their ac¢ounts in accordance with the Pinancial Rcporting Standard appliuble in the UK and Republic of Ircland {FRS 1021 (Charities SORP (PRS 102)) and the Charities A¢t2011. AC.COUNTING POLICIES Basi5 of preparation 'I'he financial statements have been prepared on the historical c05t basis, as modified by the r¢valuation of c¢rt8in financial assets and liabilities and investment propeities measured at fair value throvgh incoine or expenditure. The financial statements al'e prepai'ed in sterling (rounded tothe nearestpound), which is the functional eui'i'ency of the entEty. The charity meets the definition of a public benefit entity under FRS 102. Golng concern Notwithstanding the net eurrent liabilities of th¢ eharity and its subsidiary undertakings, the consolidated financi815tatements have been pi'epar¢d in accordance with the acwunting principles appropriate to a going concem, as the trustees have a reasonable expectation that the charity has adtquale resoiirees to continue in ope12tional existence for the foreseeable lutur¢ by Ineetin8 its. day- to-day liabilities as they f311 due. The eharity refinanced its bank loans following the year end. Consolidation The financial statements con8olidat¢ the regults of the chai'ity and its subsidiary undertaking5. A sepai'ate slatemeiit of financial activities, or ineome and expenditure accounL for the charity itself is not pJes¢nlcd in aecordance with section 408 Df the Companies A¢t 2006. The Group Financial Statement5 incoTporate the fiiiancial statements of the company and ils group undertakings. These al'e adjusted, where appropriate, to confoiTh to group awounting policies.
DoCs1On Efivè1op610'. E4C48474-C7164D4B.BICD-7AC1C8885D09 SPAR UOTE LIMITED AND SUBSIDLIRY UNDERTAKINGS NOTES I'O THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (eontÈRutd) Judgements and key sources of estimallon uncertainly Judgements n)ade by the directors in the application of these accounting polieies thai have significant effcct on thc financial stateinents and e$timat¢s with a significant I'isk of material adjusttnent in the next ycai. are as fnllowg.. (il Property valuation The valuation ofthe charity's invesbnent pi'opeity i5 inherently %ubjcctive, depellding on many factors including the natUTe of the propeity. its location and expE¢ted fului'e net rcntal value5, It)arket yields and coinparable Inarket transactions. Therefore the valuation 15 subject to a dcgire of uncertainty and is inade on the basis of assuinptions which Inay not prove to be accui'ate, particularly in periods of difficult inarket or economi¢ Conditions. {ii) Trade and other debtors Management uses details of the gge of trade and other debtors and th¢ status of any disputes logetha. with external evidence of the credit Status of the counterparty in Tnaking judgements conceming any need to iinpair the carrying value. Fun(1 accounting Uni'esti'icted funds are available for use at the discretion of the Intte5 to further any of the charity's purposes. Designated funds air unrestrieted funds eannarked by the iruslees for Vdrticular future pi'oject or commihnenL There are no designated fvnds as al the balance sheet date. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the termg of an appeal, and fall into one of two sub-cldsges.. restricted incoine funds or endowinent funds. There are no restricted fvnds as at the balance sheet dat¢. Incomlng resource5 All incoin¥ is in¢luded in the statement of financial activities when entitlement has pas5cd to the chai'ity, it is probable that the econoinic benefits assocEat¢d with the transaction will flow to thc charity and the ainount ean be reliably Ine&5ured. The following spccifie policies are applied to particular categories of income.. incorne fifjm donations or grants is recognised when I'e¢eived. 14
Doojsign Envelope ID.. E4C4B474£7164D4&B1CD_7AC1C8885009 SPAR UOTE LIMITF.D AND SUBSIDIARY UNJ)ERTAiaNGS NOTFS TO THE FINANCIAL STATEMEIYTS FOR THE YEAR EI NDED 31 MARCH 2025 ACCOUNTING POLICIES (¢ontiNued) Re50urees expended Expenditure is recognised on an acCa]S basis as a liability 15 incurred. Expenditurt includes any VAT which cannot be fully i'ecoveird, and is classified undei. headings ofthe stateinent of financial activities to which it i'elates.. expenditure on raising funds includes the ¢osts of all non-charitablc trading activitics and investtnent InanabFement costs. expenditure on charitabl¢ aLtivities includes all Costs incurred by a charity in undertaking activities that further its eh8ritable aims for the benefit of its beneficiai'ies. includiiig those support costs and costs relating to the governance of the charity apportioned io charitable activities. All costs arc allocatcd to expenditure categories reflpxting the use of the resource. Direct Costs
ttributable to & single activity are allocated diirctly tu that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consisteDt basis. The following specific polRcies are applied to particular categorios of expenditu¥e'. giHnts and donations ore recognised wh¢n patd. Taxation The charity is not liable tQ Luri'ent tax on its incoine as it falls within the variou5 excmptiong available to iegistered eharities. A¢¢oi'dingly, the charity does not rttognise any defeTred lax liability on property Tevaluations as il will apply all fvnds for qualifying ¢haritable purposes and be eligible for tax excrnptions available to registered charities. Investments Unlisted equity and loan invesbnents are initially rceorded at cost. and subsequently measured at fair value. If f3ii' valiie Cannot be Irliably measured, assets are measured at Cost less impall'ineDt. 3.10 Ittvestment property Investment properties are propcities whieh are held eithei. to eam rental income or for Capital 2ppre¢iation or foT both. Investment properties are recognised initially at cost. Subsequent to initial i'ecognition Investment propertics are held at fair value. Any gains oi. Sos5es arising fi'oin Changes in the fail. value are recognised in the profit and loss tsccount in th¢ pej'iod that they arisc. and No depreciation is PlDvided in respect of investment properties applying the fair value model. Investment piDperty fair value is detennined by the ts'ustees b&sed on their under5tsnding of property Trarket eonditions dnd the spe¢ifi¢ property concerned, using a sales valuation approach, derived from recent coinparabl¢ transaclions on the Inai'ket, adjusted by applying discounts to reflect status of occupation and ¢otJdition. Stock Stocks are valued at Ihc lower of cost and net realised Yalue, after Inaking due allowance for obsolete and slow moving iteins. Propeity held as trading stock is initially itcog7nised on pui'chase toinpletion Disposal of propety held as trading stoLk is recogni5ed Dn sale coinpletion.
Envdope ID". E4C4B474-C71&404&BICD-7AC1C888SDfy3 SPAR UOTE LIMITED AND SUBSIDIARY UNDF.RTAKINGS NOTES TO THE FINANCIAL ST ATLMENTS FOR THE YEAR ENDED 31 K4IICH 2025 ACCOUNTING POLICIES (Continued) 3.12 Acquisition5 and dispib5als Acquisitions and disposa15 of piDpeities ar¢ considcred to take place at the date of legal coinplelion and are inLluded in ihe financial statement5 accordingly. 3.13 Debtor5 Debtors are reeognised and Caled forward at invoiced amounts less provisions for any doubtful dcbts. Bad debts are written off when identified. 3,14 Creditors Creditors are recognistd as soon as there is a legal OT constructive obliLJation committing the cha¥ity to P2y Out resources. Creditois are recognised at transactlgn price less attributable transaction costs. 3.15 Financial instruments A financial asset or a financial liability is recognised only when the entity beeoines a party to the contractual provisions of the instruinent. Basic financial instruments are initially recognised at the amowit I'eceivable oi. payable including any relatcd transaction costs, unless the arramgeinent constitutes a financing transaction, where it 15 reeognised at the present value of the future Wdyments discounted at a mark¢t izte of interest for a similar debt instmment. Cun'ent a5set5 and current liabilities are subsequently Ineasured at the cash or other tonsideration expected to be paid oi. i'eceivcd and not diseounted. Dtbt instru]net]ts are subsequently Illered at amortised eost. Where investments in shares oi. PTeference sliares aTe publicly h?d¢d or their fair value cgn otherwise be measured IEliably, the investinent 15 subsequently Ineèsured at fail. value with changes in fair value recognised in income and expenditw'e. All other such investments are subsequently measured at cost less imp8iiinenL Financial assets that are measured at oost or amortised cost are revicwed for objective evidence of iIDpaii'inent at the end of each repoiting date. If their 55 objective evidence of iinpainnent, an iinpainnet)t loss is recogniscd under the appropriate heading in the statement of fiiiancial activities in which the initial gain wa5 rccognised. For all equity instruinents regardless of significanc4 and other financial assets that are individually significant, these ale assessed individually for impairn)ent. Othei. financial a55ets are either assessed individually or gi'ouped on the basis of similai. credit risk charactei'isties. Any reversals of iinpairnient are recoISed iinrn¢diately, to the extent th8t the rever521 does not result in 3 canying ainount of the flnancial asset that exceeds what the ¢)Trying ainounl would have bee had the llnpairinent not pi'eviously been recognised. LIMITED BY GUARANTEE The charity is a eompany liinitcd by guarantee and has no share capital.-l-he liability of each Inember in the event of winding up is limited to £1. 16
Docuwgn Env8lop6 ID. E4C4B474-C7164D4&81CD.7AC1C8885D09 SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTEI S T() THE FINANCIAL STATF.MENTS FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME Unrcstricled Total Fllnds Unresti'icted Totsl funds Funds 2025 und5 2024 Pr(Trpeity revenue Interest i'eLei¥able 1,094,500 741,481 1,094,500 741,481 1,045.000 1,045.000 1,835.981 1,835.981 1,045,000 1,045,000 TiiADING ACTIVITIES Unrestricted TotAI Funds Unresh'i¢ted Totsl fiinds Funds 2025 Funds 2024 Sale of pi'opeity Stock Cost of pi'operty stock 4,714.847 4,714,847 (3,275,962} (3,27S,962} 1,438,885 1,438,885 Trading activities were undertaken by a wholly owned subsidiary of the charity. INVESTMENT MANAGEMENT COSTS Unrestricted Fund 2025 2024 Invesknnent propety outgoings Intei¢st payable and sirnilar charges 132,806 415,819 95,433 466.612 548,625 562,045 EXPENDITURE ON CHARJTABLE ACTIVITIES BY FUND TYPF. Unr¢strieted Total Funds Unrestricted Total Funds FuEhils 2025 riuiid5 2024 Grants paid Support costs 1,484,860 18,392 1,503,252 1,484,860 18,392 140,717 15,780 140,717 15,780 1,503,252 156,497 156,497 17
DO9n EnVape ID.- E4¢4B474-C7I64D4B.B1Ct7ACI¢&88sDD9 SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 EXPENDITURE ON CHARIT ABLE ACTIVITIES BY ACTIVITY TYPE Grant funding of activitlcs Support Total Fuiids Total Funds costs 2025 2024 Grants paid CJovernanc¢ costs 1,484,860 1,484,860 18J92 1,503,252 140,717 15,780 156,497 18,392 1,484,860 18,392 10. ANALYSIS OF GRANTS All giants and donations were paid to charitsble institutions forthe purposes of either the advanceinent of education oi. the I'eli¢fof poverty. Donations of £1,460,550 were paid to Achisomoch Aid Company Liilllted and £24.310 to other charitics. NET INCOME Nct incoine is Stated after Ch'8ing1(£r¢dit1g)'. 2025 2024 rees payable for the audit of the finoncial statements 10,200 10.200 12. STAFF COSTS The average headcount of eJnploye¢s during the y¢ar was nil (2024.. nil). No salary or wages have been paid to employees during thc year. 13. TRUSTEE REMUNERATION AND EXPENSES Th¢ avei'age head cuunt of einployees, including ti'ustces, during the year was 2 (2024.. 2). No salaries or wages have been paid to trustecs during the year. 14. NET MOVFMfi,NT IN FUNDS Of the net inoveinent in fi]nds of the .Up, a deficit vf £217,346 (2024.. surplus of £1,112,242) has dedlt with in the stateincnt of fin8ncial dctivities of the charity itself. Tuimovei. of the charity aggregated £2,361,518 (2024.. £1.259,956) aiid compi'ised £479,500 (2024.. £18,000) of donations received fvoin subsidiary undertakings and £1,882,018 (2024.. £1,241,956) of investment income. 18
Lkw41gn Envdope ID.. E4C4B474_C71e.4D4&B1CD-7ACIC8865D09 SPAR UOTE LIMITED AND SUB51DIARY UTrIDF.RT AKINGS NOTES I'O THE FINANCIAL ST ATEMEwrs FOR THE YFAR ENDED 31 MARCH 2025 15, INVEsfMENrs Investment Properties Loan InYestment5 Group Tot81 Fair value At l AprEI 2024 Additions RevaIltionS 21,828,406 21,828,406 4,001,000 4,001,000 At 31 M#reh 202S 21,828.406 4.001,000 25,829,406 Shal'es in Investment group properlie5 undertakings Invtstmenls Charity Total F&ir value At l April 2024 Additions Revaluk)tions 21,828,406 549,356 22 J77,762 4,001,000 {549,069) 4,001,000 25,829,693 4,001,000 (549,069) 287 At 31 March 2025 21,828.406 Investment properties The investment properties al'e strated at ti'usttes, valuatioii as at 31 March 2025. The historical cost of the propcrties at 31 March 2025 foi. the group and charity is £9,270,068 (2024.. £9,270,068). Shares in group undertakings Pei'centage of sliaiES held 100 100 100 Class of shalt Haneveim Lllnited (Coimpany No. 05559067) Ordinary Bei.keley House Edgwai'e Liiiiited (Company No. 11229015) Ordinary 65 London Road Limited (Coiiipany No. 12246587) Ordinary The above illentioned entities air incorporated in England and W81¢5. The resultg for subsidiaries and other undertakings are as follows.. Capital and reserves 2025 2024 Profitl{loss) for the year 2025 2024 Haneveim Limited 100 100 Fjerkeley Flouse Edgwair Liinited 65 London Road Limited (3.127) 561 {3,688} 16.473 186 110,230) 489,916 (2,400) 19
Envalope ID. E4C4B47&¢716.4D4&BICD-7AC1C8885ry SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FINANCIAL STATEMENTS FOR THE YFAR ENDED 31 MARCH 2025 15. INVESTMENTS (CoDtÈnued) The registered address of Haneveim Limited is Cavendish14ouse, 369 Burnt Oak Broadway, Edgware, HA8 SAW. The i'egistcied address of Bei'keley House Edgware Limited is Cavendish House, 369 Buimt Oak Broadway, F:dgware, HA8 SAW. Th¢ i'egistei'ed address of 65 London Road Limited is Cav¢ndssh House, 369 Bumt Oak Broadway, Edgwai'e, HA8 SAW. The financial statements of all Subsidiary undertakings are made up annually to 31 March. The aggi'egate asset5, liabilities, capital and Tesery¢s for the subsidiaries as at 31 March 2025 were as follows.. Bei.keley House Edgware Limited 05 London Road Limited Haneveiin Liinited Current assets Cui'rcnt liabililieg Non-cunent liabilitics 100 63,588 (66,715} 92,598 (92.4 52) Net asset(liabilIties} 100 {3,127) 186 Loan invtstments Th¢ loan investments are inyesthenls in security backed PTopeity pIDje¢ts and bear int¢r¢st at 180/(* per annum. 16. STOCKS Group Charity 2025 2025 2024 2024 Stock 3,271,870 3,271,870 17. DFBTORS CJrDIip Charity 2025 2025 2024 2024 'rrade debtors Amounts owed by group undertakings Other debtors 66,054 62,534 72321 87,460 95,776 255,457 60,701 4,162,567 11,283 126,382 12,589 192,436 75,123 4,234,55 20
Envdopa ID. E4C48474C716404&8ICD_7AC1C8685D09 SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EI NDED 31 MARCH 2025 18. ANALYSIS OF CASH AND CASH EQuIvALEs 2025 2024 Cash at bank and in hand 105,518 21,561 105,518 21,561 19. CREDITORS: amounts falling due within one yea Group Charity 2025 2025 2024 2024 Bank loans and ovei.drafts Trdde ereditors Accruals and defeffed incoine Taxation Other creditors 4,687,152 13,501 31,904 452 47,297 4,679,815 3,392 56,235 4,687,152 9,387 26,750 4.679,815 292 53,181 45,353 4,784,795 47,397 45.453 4,780,306 4,770,686 4,778,741 Other creditors air coinprised as follow5-. GTOIIP Charlty 2025 2025 2024 2024 l.oan ereditors Othcr creditors 47,297 47,297 45,353 45,353 47J97 45.453 47,397 45,453 Ci'oup and Charity The banlc loans aj'e secured on certain of the group's properties and were refinancod after the year end. CREDITORS: 4mounts falling due After more than one year Grollp 20. Charity 2025 2025 2024 2024 Bank loans 8nd overdrafts 1,047.586 1,335,234 1,047,S86 1,335,234 Included within creditOTS'. ainount8 falling due aftei. Inoi'e than one yeai. is an amount of £1206 (2024.. £84.570) in respect of liabililics payable or repayable by instalinents which fall due for payinen¢ after more ihan five yeai's froin tl)e reparting date. Th¢ bank loans air Irpayable in monthly in5talments of capital and interest and aiE Secured by a fii'st legal chai'ge over freehold and long-leasehold 'opert1¢S Bnd a tloating charge over the assets of the Chai'ity. Also included within ¢redilors'. amounts falling due after more than one year is a £30,159 govemment backed boull¢e back loan. 21
Dowsign Envelwb ID.. E4c48474.C716.4D4&B1c7AC1C&865Ch SPAR UOTF, LIMITED AND SUBSIDIARY UNDERTAKINGS NOTES TO THE FJNANCIAL STATEMfi NTS FOR THE YEAII ENDED 31 MARCH 2025 21. DEFERRED INCOME Group Cbarity At l Api'il 2024 Ajnount released to income Ajiiount defen'ed in year At 31 Mai'ch 2025 20,581 {20,581) 22,296 21,927 (21,927) 23,642 22,296 23,642 Deferred income ari5eg froin rents received in advanee. 22. ANALYSIS OF CHARITAIILE FUNDS Unrestricted At l April 2024 G81115 and A¢ 31 March losse 2025 Group Income Expendlture Cjeneral funds 19,076.931 6,550,828 {5,328,291) 20,299,468 At l AprÉl 2024 Gains and At 31 March 105se5 2025 Charlty Income Expenditure General funds 20,518,596 2,361,518 {2,029,795} (549,069} 20,301.250 23. ANALYSIS OF NET ASSETS BETWEI EN FUNDS Group Charity Unre5trict¢d Total Funds Unre5trieted Total Fyvds Fund5 2025 Fund5 202$ Investments Current assets Cieditors less than l yeAr Creditots gn'eater thall l year Net assets 25,829,406 25.829.406 25,829,693 25,829,693 297,954 297.954 289,829 2119,829 (4,780,306) {4.780,306) (4,770,686) {4,770,6f161 {1,047,586) (1,047,5116) (1,047,586) (1,047,586) 20,299,468 20,299.468 20,301.250 20,301,250 22
tkn¢Ltslgn Envelope ID. E4C4B474-C71&4D4B£1CN7ACIC8885t SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS NOTFS TI) THE FINANCIAL STATEMENTS FOR THF YEAR F.NDED 31 MARCH 2025 24. FINANCIAL INSTRIIMEI NTS The carrying amount for each cat¢gory of financial instrument is as follows.. Group Charity 2025 2025 2024 2024 Financs81 aSCt$ measured at fair value through inconie and expenditure 287 549,356 Financial assets that are debt instrL)ments measured at amortised c05t 192,436 75,123 255,457 4234.551 Financial liabilities Ineasured at ainortised cgst 5,827,892 6,120,029 5,818,272 6,113,975 25. OPERATING LF.ASE COMMITMENTS As leOr The lolal fLItt¢ minimuin lease paymenls receivable under non-nce[lab1e operating lease are as follows.. Group Ch#rily 2025 2024 2025 2024 Noi lat¢i' than l year Later than l year and not later than 5 yeaTS Later than 5 years 843,000 827,000 827,000 811,000 355,000 121,000 1,054.000 2,766,000 145,000 9280,000 2,026.000 12,166,000 12,857,000 2,713,000 8,626,000 1,319,000 26. RFLATED PARTY TRANSACTIONS Thcrc are no i'elated party transactions other than those disclosed in notes 14 and 15 to the Accounts. 23
cwsign Envelope ID.. E4c48474-C71eAD4B.81c7AClC88&sDD9 SPAR UOTE LIMITED AND SUBSIDIARY UNDERTAKINGS MANAC:EMENT INFORMATION IQR THE YEAR ENDED 31 MARCH 2025 The following page does not form part of the statutory fin&neiAI statements which Are the subject of the independent auditor's report on pages 5 to 8
DowsvJn Envd(ya ID". E4C4B474_C716_4D4B_B1CD-7ACIC8865D09 SPAR IJOTE LIMITED COIIqPANY LIMI'fED BY GUARANTEE ST ATF,MF.NT OF FINANCIAL ACTIVITIES INCORI'ORATING THE INCOME AND EXPENDI'fuRE ACCOUNT FOR THF YEAR ENDED 31 MARCH 2025 THIS DOES NOT FORM PART OF TIIE FINANCIAL ST ATEMKNTS 2025 Unrestricted Funds 2024 Unrestricted Funds Intome amd endoivments Doi)ation5 and legacieg Investment iiicojne.. Rent dnd ¢harges rweivable Interest receivable and 51Enilai' income 479,500 18,000 1,081.196 800,822 1,007,167 234,789 1,882,018 1,241,956 Total income 2,361,518 1,259,956 Expenditure FpenditUre on raising ndS.. Invcstmcnt managcment costs Expenditui'¢ on ¢hai'itable activitie5 (534,141) (1,495.654) (543.210) {151,572) Total expendilllre Net losses vn inve5bnents.. Oainl{Loss) on revaluation of investments (2,029,795) (694.782) (549,069) 547,068 (549,069) 547.068 Net imeome gnd net movement in fundg (217.346) 1.112,242 Reconciliation of fund5: Total funds bi'ought forward 20,518,596 19,406.354 Total funds carried forward 20,301,250 20,518,596