Sldn•y Sand•rs Ch•rl¢ableTru51
Report olthe Truste•s
•nd Flnanclal Ststements
for the Year Ended
5 Aprll 2024

Sldney Sand•r5 Ch•rlt•bl• TNst
Index to Flnan¢lal Statements
forihe Year Endqd 5 Aprll 2024
Contents
Legal and Admlni5trative Detalt5
Tru5tees' Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Flnancial Statements
8-12

Sldney Sanders Charltable Trurt
Le8al and AdmSnlstratl¥e Detalls
for the Year Ended 5 Aprll 2024
The Sidney Sanders Charitable Trust was established under a Trust Deed dated l August 1983 and was subsequently
approved by the Inland Revenue Charity Division. The TTU5t is re8lStered wSth the Charity Commi55ion Ire8iStration
number 2876811.
Address of CharFty:
13 Cotta8e Road
Epsom
Surrey
KT19 9RT
Trustees:
C Barham Carter
Mrs C C Baiham Slatter
Mrs CM E Warburg
Secreiary:
J S Cushnle
Imiestmenl Advlsers:
Inve5tec Wealth & Investment Ltd
30 Gresham Street
London
EC2V 7QN
Independent Examln•r:
Anthony Kelly FCA
2 Woodberry Close
Chlddlngfold
Godalmlng
Surrev
GU8 4SF
Page I

SSdney Sar)ders Charitable Trust
Trustèes, Report
for the Year Ended S Aprll 2024
The Trustees present their report along with the financial statements for the year ended 5 April 2024. The financial
statement5 have been prepared in accordance with the accounting policies set out on page eight and comply with the
Trust Deed and applicable law.
MRSJANE BARHAM CARTER
The Trustees announce with Breat sadne55 the death on 8 May 2024 of the Chairman and Trustèe Mrs Elizabwh Jane
Barham Carter.
Mrs Barham Carter was instrumental in setting up the Charitable Trust as it is today and worked tirelessly so that the
beneficiarie5 received 5UPPOrt and hèlp.
OBJECTIVES AND AcnviTIES
Oblectlves of the Charity
The Trust Fund was established for the relief of those persons who are. or have been, engaged in the craft, trade or
profession of silversmith. Boldsmith or horologi5t and iheirwives, widows. children and other dependants who are also
deemed to be aged, impotent Of in need of financial a5SlStance, by making allowances. grants or loans subject to such
conditions as the Trustees sha51 from lime to time decide. The Trustees have fulfilled ihe5e objectives by assisting such
persons who have been in need, and by makin8 8rant% within the named crafts. They plan to continue in this way.
The legal and adminlstrative information on page one form5 part of thbs report and sets out the Trustees who served
duringthe year. Trustees are appointed by the Board ol Trusiees.
Grant makin8 polic
The Trustees invite applications for support from people in need of financial assistance who comply with the
requirements set out in the objective5 01 the Charity. The Trustees meet regularly to consider the applications, and
with the a5SIStan￿ of the Trust Visitor. assess the rbeed5 and circumstances of the individuals and their dependents.
Payments are made io beneficiaries for 8eneral welfare and for speeifie individual needs.
In addition, the Trustees aim, within their discrelion, to provide sponsorship for at least one individual each year wilh
fees at West Dean Collège. Chichester, West Sussex in the study of horo108y and fine metal work.
ACHIEVEME14TS AND PERFORMANCE
Investment income totalling £31,152 was re￿Ived In the year12023 £27,279) and thè Charity realised losses of
£13,40912023 £23.69] gain) resulting from investment disposa5s and recorded an unrealised gain of £1S,57912023
loss of - £89.2041 on the revaluation of investments to market value on 5 April 2024.
Durin8the year, the Charity paid £21.91412023- £24,450) for general wellare of people In financial need to8 individuals
12023 - 91. The Sidney Sander5 Prize was awarded to one student at the West Dean Colle@e totalling £150
12023- £1501. One additional 8rant Of £5.50012023- £5.0001 was made to one student in ihe year.
FINANCIAL REVIEW
Financial review and Investment polkv
The Trust Deed authorises the Trusiees to make and hold investments Using the funds of the Charity. There are no
restrictions on the Trustee5' power io invest.
The investments are managed by Investec Wealth & Investment Limited on a discretionary basis and quarterly reports
are made ro the Trustees. Future investmeDI StrateBy is agreed by the Trustees and takes accounl ol sncome
requirements, risk profile and the investment manager's view ol rnarket prospects in the medium term. The strate8y
is set within an overall policy which states that the funds are to be investèd in low to medium risk investments with a
view to ensurin8 that the overall yield from capital appreciation and income exceeds inflation over a five-year period.
At the interim reporting periods the Trustees receive a statement showing the performance of the funds relative io
major market indices. Whilst it has been a turbulent period in the financial and equity markets, the Trustees are
satisfied that the pefformance of the fund has met their requirernents and progressed in line with markets generally.
Funds available are considered sufficient to permit the Charity to continue operating for the foreseeable future.
Pa8e 2

Sldney Sanders Charitablè Trust
Trustees. Report
forthe Year Ended S Aprll 2024
Reserve5 poIIcy
It 15 the policy of the Charily to maintain unrestricted funds, which are the free reserves of the Charity, at a level
equivalent to the inve5tment5 required to pioduce a yield sufficient to meet the objectlves of the Charlty.
Rlsk rnanaÉement
The Trustees havè Èxamined the major strategic, business and operational risks that the Charity face5 and confirm that
systems have been e5tabli5hed io mitigate those risk5.
PUBUC BENEFIT
The Trustees confirm that they have complied with the duty in Section 1711) of the Charitie5 Act 2011 to have due
regard to the Charity Commission's general guidance on public benefit.
The beneficiaries of the Charity are those persons who are. or have been, a55¢xiated with ihe craft of silversrnith,
801dsmith or horologist and their dependents. The Charity benefits the public by providing financial assistance to
the aforementioned beneficiaries. The Charity a150 provides sponsorship to individuals studying the crafts of
horology and final metal work. The promotion of these skills is considered to be in the interests of the wider
community as they are in de¢line.
GOVERNANCE
Methodsj polldes and procedure5 lor recrultment, appolntment. Inductlon and tralnlng of Trustees
The Trust Deed provides for a minimum number of Trustees and where there is a requirement fo¥ new Trustees
Ihese would be identified and appointed by the current Trustees. The current Trustees aye responsible for the
inductlon of any new Trustee which involves awareness of a Trustee5' respon5ibilitie5, the governing (locument,
adminlstrative procedure5 and the history and philosophical approach of the Charity- A new Trustee would receive
a copy of the previous year's annual report and accounts and a copy of the Charity Commission leaflet'The Essentlal
Trustee.. What You Need to Know,.
INOEPENDENT EXAMINER
A resolution for the appointment of Mr A Kelly 1% to be proposed at the forthcomin8 Annual General Meeting.
Signed behalf of the Trustee5 On.......
C Barham Carter
Page 3

Sidney Sanders Charitats￿ Trust
IrKlependent Examlner's Report
Indepeb)dent Examlner's Report to theTru5tee5 of Sldney Sander5 Charitable Trust
I report on the accounts of the Trust for the year endeil 5 April 2024. whith are set out on pages 6 to 12.
Respectlve responslbllltles of Trustees and examlner
The Charitvs Trusteès are responsible for the preparation of the accounts. The Charity's Trustees consider that an
audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Actl and that an
independent examination is needed.
Having 5atisfiÈd myself that the tharity is not subject to audit and is eligible for independent examination. it is my
responsibility to..
examine the accounts undef section 145 of the 2011 Act-
follow the procedures laid down in the General Directions given by the Charity Commission under section
1451sllbl of the 2011 Act.. and
state whether particular matters have come lo my attention.
Basis of independent eMaminer'5 Statemènt
My exarnination was carried out in accordance with General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the Charity and a comparison of the accounts
prèsented with those retords. It also includes consideration of any unusual items or disclosures in the accounts. and
5eekin8 explanatTrOFIS from you as Trustees ¢oncerninB any SLtrch matters. The procedures undertaken do not provide
all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts
present a -true and fair view- and the report is limiled to those matters set out in the siatement below.
Other Matters
Your attention 15 drawn to the fact that the charity has prepared the accounts (financial statements) in accordance
with Accountitlg and Reporting by Charities.. Statemenl ol Recommended Practice applicable to tharities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS1021, sècond edition issued on 17 October 2019 in preference to the Accounting and Reporting Charities:
Statement of Recommended Praui¢e Issued on l April 20C15 which is referred to in the extant regulations but has
since been withdrawn.
We understand that this ha5 been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2019.
Independent examlner's statement
In connection with my examination. no matter has come to my attention..
which gives me reasonable cause to believe that, in any material respect, the requirements..
to keep accounlin8 records in a¢¢ordan¢e with section 130 of the 2011 Act- and
to prepare accounts which 8¢¢ord with the accounting records and comply wlth the a￿o￿ntIng
requirements of the 2011 Act
have not been met.. or
Page 4

Sldney Sanders Charlt•bl• Trust
Independent Examlner's Rwrt
to whlch. In my oplnlon, attentlon should be drawn in orderto enable a proper understanding ofthe accounts
to be reached.
Anthony Kelly FCA
2 Woodberry Ck*5e
Chiddlngfokl
Godalmin8
SLtrrey
GU845F
Pagè 5

Sldney S•nders Ch•rftable Trust
ststement of Flnandal ArtlvEtSes
for the Year Ended S Aprll 2024
Notes
24
202
INCOMING RESOURCES
Investment Income
31,152
27,279
Total Incomlng resources
31,152
27,279
RESOURCES EXPENDED
Charltabl• •X￿ndItUre
Payments to benefldaries
Support costs
Management and administratlon
27,564
29,600
3,600
15.831
16,089
47,253
49,031
Cost ol generatlng funds
Investment managers, fee
8.197
8,675
Total re￿UrceS expended
55,450
57.706
NEf EXPENOITURE
124,2981
130,4271
UnTealised1055 on revaluations
on investment assets
112,5831
189,2041
Realised 8ains on dlsposals of Investment
asset5
15,579
23,691
NET MOVEMENT IN UNREsThicfED FUNO
121,3021
195,9401
Unrestrirted fund balance at 6 April 2023
937,18S
1,033,125
UNRESTrICFED FUND BALANCE AT 5 Aprll 2024
915,883
937,185
The notes on pa8e$ 8 to 10 form part of ihese financial statements.
Pa8e 6

Sldney Sanders CharStable Trust
Balance Sheet
At 5 April 2024
Notès
2024
2023
FIXED ASSETS
Investments
889,Cl)9
918,927
CURRENT ASSETS
Cash at bank and in hand
29,474
20,858
CREDrfoRS'. Amounts fallin8
due wlthin one year
I2,6￿)
12,6(Kll
NETCURRENT A￿ET5
26,874
18,258
NEf ASSErs
915,883
937,185
FUNDS
Unrestricted fund
915,883
937,185
Approved by the Board of Trustees on ..........
artd signed on its behalf bv..
C Barham Carter
Trustee
Mrs C C Barham Slatter
Trustee
The notes on pages 8 to 10 form part of these financial statement5.
Page 7

SSdney Sanders CharltableTrust
Notesto the Flnandal Statements
for the Year Endèd 5 Aprll 2024
ACCOUNTING POUCIES
al k¢ountlnÈ conventlon
The financial statements have been prepared with the Statement of Recommended practi￿.. Accounting
and Reportin8 by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic or Ireland IFRS 1021 second edition issued on 17 October 2019 and the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act
2011 and UK Generally AC￿pted Practice as it applies from I january 2019.
The accounts Ifinan¢ial statements) have been prepared to give a 'true and fairf view and have departed
from the Charities (Accounts and Reportsl Regulations 2CQ8 only to the extent required to provide a 'true
and fair vie￿. This departure has involved following the Accounting and Reporting by Charities preparing
their accounts in accordan￿ with the Financial Reportin8 Standard applicable in the UK 3nd Republic of
Ireland IFR51021 second edltlon issued on 17 October 2019 rather than the Accounting and Reporting bv
Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn.
bl Investment Income
The Trltst derives its income from dNidends and interest received from investments in the year. Investment
income is credited to the Statement of Financial Activities in the period in which the Charity is entitled to
receipt and is shown intlusive of tax credit transitional relief.
cl Resource5 expended
Expenditure is included on an accrua15 basis and intlusive of irrecoverable Value Added Tax.
Payments to beneficiarie5 are charged to the Statement of Financial Activities in the period in which the
grant or sponsorship is approved by theTrustees. Where the Trustee5 have expressed theTr intention to pay
future amounls, these are only included as liabilities where the payments and timin8 are ￿rtaIn.
Support costs comprise Costs for providing support and assistance to potential applicants and to aid the
Tru5tee5 in the assessment of the needs of these applicants.
Management and adrnini5tration costs comprise costs forihe runnlng of the Charity itself as an organi5ation.
Fixed assets with a short useful econornic life are writtèn off in the yèar of acquisition and included within
management and administration costs.
dl Fixed assèt imiÈstments
Investments are shown in the Balance Sheet at market value. Any gain or h)ss arisin8 on revaluation or
disposal is taken to the Statement of Financial Activities.
el Taxatlon
The Trust Is reBlstered as a Charity and is not liable to taxation.
Fund accounting
Vnreslricted fun(15 ¢omprise thosefunds which the Trustees are free to use in accordance with the Charivs
objectives.
gl Credltors payable wlthln one year
Creditors with no stated interest rate and payable within one year ar#recorded al transactlon price.
INVESTMENT INCOME
2024
2023
Net dividends and interest
31.152
27,279
Page 8

Sklney Sanders Char5table Trust
Notes to the Flnan¢lal Statements
forth• Year Ended 5 AprS12024
PAYMENTS TO BENEFICIARIES
2024
2023
The amounts payable in the year comprise..
Indlvkluals:
lil Payments to beneficiaries for the general welfare of
people in finar¢cial need whose circumstances complv.
with the Char￿5 obje¢tlves
8 grants12023- 91
21,914
24,450
lill Sponsorship for the training of a person engaged in the
craft. trade or profession of sllversmlth, goldsmrth or
horologist
I person12023. 11
5,500
5,C¢)O
liiil Sidney Sanders Pflze
150
150
27,564
29,600
SUPPORT COST5
2024
2023
Trust visitor costs
3.600
3,600
MANAGEMENT AND AfJM1141STRATION
2024
2023
Telephone, posta8e and statlonery
Sundry expenses
Insurance
Trust secretary fees
Accountsnty fees
452
1,037
381
690
160
12,000
2,600
12,0
2,600
16,089
15,831
There are no highly pald staff.
Page 9

Sldney Sand•rs Charltablo Trust
Note5 to the Flnan¢lal Ststements
for the Year Ended S Aprll 2024
TrUSTEES' REMUNERAnON AND REIM8URSEO EXPENSES
TheTrustees received no remuneratlon fromthe Charityduringtheyear. Reimbursed travel expensesof £Nil were
id during the year12023- £Nill.
FIXED ASSET INVESYMENTS
All the investment5 are held primarity for an investment return.
2024
2023
Quoted Imiestments
Market value at 6 April 2023
Add..
Acquisitions at cost
Le￿.
Disposals at book value
Unreallsed 8aln/llossl on revaluallon
918,927
942,881
215,372
2CIJ,694
1260.8691 1135,4441
15,579
189.2041
Market value at 5 Aprll 2024
889,009
918.927
TOTAL FV(ED ASSET ITrlVESTMENTS
889,009
918,927
HlstorSc cost at 5 April 2024
747.267
791,859
Realised gainslllossl on disposals
Proceeds of sale
Cost of investments 501d
247,837
159,135
1261,2461 1135,4441
113,4091
23,691
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Accrua15
2,600
P3Be 10

Sldney Sanders Charltable Trust
Notesto the Financial Statèments
for the Year Ended S Apr512024
MOVEMENT IN FUNDS-CURRENTYEAR
Nei
movement
in funds
At 06.04.23
At 05.04.24
Unre5trlcted fund5
General fund
937.185
121.3021
915,883
TOTAL FUNDS
937,185
121,3021
915,883
Net movement in fvnds, included in the abovè are as follows..
Incoming
Resources
Resovrces
expended
Net gain
on investments
Movement
in funds
Unrestrlcted funds
General fund
31,152
155,4501
2,996
121,3021
TOTAL FUNDS
31.152
155.4501
2.996
121.3021
MOVEMENT IN FUNDS- PRIOR YEAR
Net
movement
in funds
At 06.04.22
At 05.04.23
Unrestrlcted funds
General fund
1,033,125
195,9401
937,185
TOTAL FUNDS
1,033,125
195,9401
937,185
Net movement in funds, included in the above are as follow5.'
Incoming
Resources
Resources
expended
Net gain
on investments
Movement
in funds
General fund
27,279
157,7061
165,5131
195.9401
TOTAL FUNDS
27.279
157,7061
165,5131
195,9401
Page 11

Sidney Sanders Charltable Trust
Notesto the Flnandal Statements
for Year Ended S Aprll 2024
10. CONTROLLING PARTY
The Trust is controlled by the Board of Trustees.
Page 12