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

D￿U$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

Da￿S￿n 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&8IC￿7ACfjC8805DO9
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 ￿￿'Ou￿hout 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 ly￿rYeS 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&81C￿7Ac1C8&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 ti￿ste¢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 f￿ancial Stat￿llents 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.

DoCu￿gn Envdape ID." E4C4B474C7I6-404￿B1cO-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 ts￿sleeS, annual report was appi'oved on 30 Januwy 2026 and signed on behalf of the board of tiustees by..
DO￿u￿9￿1dby'.
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 expliC￿t[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 W￿th 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.

Dc￿￿510n Envdope ID.. E4C4B474-C716-4D48-B1cD.7Ac1C88￿rX)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 MA￿F.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 ch￿l.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.81c￿7￿clG68eSD
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 r￿ogniSe 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 procedu￿5 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 re￿onablencsS of accounting
e5tiinates and related disclosures made by the th￿stee5.

Drth*on 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 r￿dIngS, 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 Mi￿1t 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

0￿￿51￿ Envelope ID E4C48474£71e4D4￿BIc￿.7AcIc8885I￿jg
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 stat￿nents.

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..
F￿BEA￿￿F9I4FÉ1..
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-C71￿EMB£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 En￿1[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.

DoC￿s1On 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 In￿tte5 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 acC￿a]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 Ca￿led 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 Ille￿￿red 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 reco￿ISed 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

DO￿9n EnV￿ape ID.- E4¢4B474-C7I64D4B.B1Ct￿7ACI¢&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¢dit1￿g)'.
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
RevaIl￿tionS
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 EQuIvALE￿s
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&B1c￿7AC1C&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 a￿SCt$ 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 le￿Or
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.81c￿7AClC88&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
F￿penditUre 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