THE SYDF4bY & PHYLLIS GOLDJILRG MKMORIAL CHARFfABLE TRUST REPORT AM) FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 CUAHITY REI GISTRATION E+lUMBEI R 291834 THE SYDNEY & PIIYLLIS GOLDIIERG MEMORIAL CHAIUTABLE TRUST Conteiits PRge No,. Ileport of tlie trusl¢Gs Repoit of Ilie aiiditors Statement of fin)ii¢ial aolivilies Balanc¢ sheet 10 Nol¢s forilling pnrt of tl)e financial statements 11- 14 THE SYDNEY & PHYLLIS COLDBERG MFMORIAL CHAiUTABLK TRUST REPORT OF THE TRusfEES FOR THJ£ YEAR ENDfi D 5 APRII., 2024 The Ii'ust¢es present Il)¢ir r¢poi't togetlier ivitl) the financ£al stal¢iTtwit5 of tli¢ ¢liai'ily for tlie year ¢nd¢d 5 April 2024. Tlie finaiicial slaleni¢nl$ have be¢ii prepaitd in accordrtiice ivitli the Slal¢ment of Reeokiilneiided Practice applicltble lo cliarilies PJEpariDg Ih¢ii- aeeoiinls in accordance ivitl) applicablc laiv aiul United Kingdom Aceouiiltng Staiidar(Is. incliidiiig Financial R¢poiting Standard 102 Tlie Fiiiaiicial Reportiiig Standatd applicable iii th¥ UK R¢public of Irelan(l (United Kingdom (T¢nerAlly Accepted Accouiltil￿ Practice) aiid coinply iviili th¢ ¢liarily's Iriisl deed and Ilie CIMI'ities Act 2011. Legal aiid Ailmlnl$(rttllvo Infoi'mqtion Ti'uslees M J Church C J Pekloii Prineiii&l Offiee 9 Bonliill Slr¢et, London, EC2A 4DJ ChArily Nuinber: 291835 Auilitors RPG Cn)wli Cliupittan LLP. 40 Gra¢¢¢hV￿h Sireel. l.ondon EC3V OBT Ilaiiken HSBC Bo1& Pl¢, 28 Boi'oiigl) Higli Sti¢el. &)iiiliiYark. London. SEI I YB InYe$tmeut Advi5or8 J M Fiiiii & Co, 60 Abb¢ygal¢ Str¢¢t, Buiy St EdmiEnds. Suffolk, IP33 ILB Structure, GOV￿.￿￿ne¢ Maiiageuient Trustees an(1 Or£Rnisalion#l Struf ture The Trust was Cl'¢Pted by Sydiiey Phyllis GE)Idborg by # Th'ust Deed dated 8 May 1985. Th¢ Settlors gave an tnilial 8ift of£ioo to Ilie Triist. Phyllis Goldberg died on I l April 1990, Sydn¢y Goldbcrg hftving pr¢-d¢¢eas¢d li¢r. Und¢r Ihe terms of her Will, Phyllis CJDldbei-g beqiieathed lo tlie Trnst the ivhole of li¢r Iioldiiig iii Syona Inveslin¢iits Limitd and iipon tlie deatli of a lif¢ leniEif. iiits iYliol¢ of her r¢$iduaiy Bstate (See Noie 3 01) page I l). I'lie power of appoinling n¢iv or oddilioiial trustees was v¢sted ill tlie Settlors or the siirvtvor th¢iEof gnd thereafter iii Ilie siiyviving oi. ¢onlin41ing Inistees. (i) THK SYDN.KY & PIIYLLIS GOLDBERG MCI MORIAL ClIAtUTABLE TRUST llEPORT OF THE TRUSTEES FOR THE AR ENDED 5 APRIL 2024 (CONTINULD) Triistees OIEO11188tional S*ructMI'¢ (Coiititive(l) The truste¢s Ineet as coiisidei'ed iiec¢ssary, aiid noi less tl)ai? once ca¢h yonr. A c510irJnan Is appoiiiled by tlie tiJi%tees to iii&nage tlie day-ro-day operations of Ili¢ Cliarily. Tli¢ IrLlSlees liave poivei. lo appoint additlOll81 tn15tg¥s if J¢4uired. Tlie illiniinLiin iiiiillb¢i' of Ir115t¢¢s is tiyo. Riskmomageiiieiil Thc ti'usle¢s liave iiilrodEi¢ed a formftl i'isk mullageineiFI prtsceqs lo assess tisks oiid implemcnt i'isk IDAnag¢meiit slrntegtes. Tlie risk associated iviili tlio Inaiiagei))¢iit of iiiveslin¢i)Is is addT¢sg¢d by tk¢ appoii)tii)eiil of iiiveslin¢nt lldvisots ivliose perEorm8nce is re8LIIHrly iiioftitored. Obje¢ilve5 Activiti Objects of tlie Cliarity The objecls of tli¢ Trust are to PBrp¢liiale tlie memory of %ydNey CJoldber8 and his ivife Phylli5 by usin8 tlie funds avLilabl¢ lo il for g¢iieral chari¢?ble purpos¢s. Thc Itustees cotifiTm ihat they liave roferred to Ilie 8uidaBc¢ colltatiied iii tIK Charily Coinmisgioii's gell¢ral guidan¢¢ oil piiblic b¢ii¢fit ivlien Jrvi¢iving Ilie Trusvs ain?s aiid objecliv¢g and in plniiniiig fL1thre activities and setting th¢ w'ant rnakin8 policy for th¢ y¢ar, Th¢ Triist eari'&es Out tli¢se objects by receiviiig Inoney ivliich is th¢ii distribirt¢d for charitable piirtK)se5 ii)cluding Inedical re5eai'¢h, Ivelfare aiid di5[￿lI1ty. Tlie dislribiitions made eacli y¢ar are s¢t out in Nol¢ 4 on pag¢ 12 togellier ivitli Hii indication of tli¢ ultimate benefi¢iai'i¢5 of each grant. Gyant Mokiiig Policy Th¢ Tr(Ist l)a8 esittblished its givnl making policy to a¢lii¢ve ils object5 for th¢ publio benefit by inviting applications exi51ing aiid pKvioiis donet charities aiid cliai'itAble causes favoiwed by Syiln¢y and Phyllis Goldbei'g aiid by advertisii)g tlie objectives in tlie Direolory of GrHnt Making Triists. 'I'he ch81.ity r¢qii¢s15 a copy of th¢ finAI reports on all re$earch for ivhich 8rllntS 8r6 made. Aehleyenients aiid Pei'foi'maiice Th¢ trusl¢¢s continued to r¢¢¢tve and review grant applicatio1￿ froiii i'arioiis ch3riti¢s. Tlie inveslinent portfolio, InAnftged by J M Finn & Co, pei'formed as ¢xp¢cled en¥4bling th¢ tru&te¢s to approv¢ £r8nt payments totalling £l15.000. (2) T]IZ SYDP4F.Y & PHYLLJS GOLDBERG MEMORIAL CHARll'ABLL TRUST REPORT OF THL TRusfE£S f¢OR THE YEAII ENDED 5 APRIL 2024 {COIYIJNULD) FiJiAll¢5#1 Revie)Y Financtal AetiYilie.s Report All thc fiinds of the Ti'iist Al'e held for vni'csli'icted piii'posos. Tlie lolal inooin¢ for the yeor amoillited to £129,293 (2023: £122.547) and total expoiRdiliii¢ lysis £126,707 (2023.. £126,642) giviiig iiet incDiiie of £2,586 {2023: nel ¢xpenditure £4.095). 'fiie tnJsle¢s considered various cliarilable appeals resuliii)g in £115,000 (2023.. £115,QOO) being disiribuled by ivay of charilable gi'aiils as delailed lll Nole 4 on pagc 12. Tlie lolal asse15 iii ihe balaiice slieel OF £4.952,886 (2023.. £4,713,069) staled ftt Inai'k¢t valiie. Tlie value of tlie cliaritrf$ iiivesln)eiit poitfolio incirased by £237,231 (2023.. Dc¢rea5¢d by £211,491). It is ¢oi)firined Ilial (he Ti'iist's anlicipal¢d incoin¢ for ilie coIning year is ad¢qiiate to fliifil (he objec18 of Ili¢ Tru51. Key MU￿&ge￿enÈ The Inistees consi(lei' Ihat Ilie board of ti'l￿fe¢S coiiipi'tse tlie kcy Inanftgemeiil pei701i11¢1 of Ili¢ charity. K¢y M￿￿gel￿ent does not iereiv¢ any r¢miiner81ion. Relllted P81*ies Details of ￿lAted party trRiisactions arc s¢1 oiit ill nole 8 to the fiinanGial Ststeinetlts. R¢Jeives Poll¢y It 18 the policy of t]ie ¢har&ty to: ill?ximise its iu¢oin¢ from tnv¢slinei?Is consonanl Ivltli ihe prnd¢ni mairtteii&nce oftli¢ Ti'ust Capital; maiiitaiii uni¥sli'icled fiinds whi¢li fjf¢ tli¢ free reserves of11)e Charity-, dislribiite all its ftel incoine after manageincnt adminislralion costs, by way of grnnls. Inve8fment Powei Tlie tr15Stecs lillve the i?ower lo iiivesl Inoiitsy and adopt siich measuiES as 5¢¢tn to ihein ne¢¢syary iii th¢ iiilere¥l of the Trnst, so that th¢ Trust holds a balan¢¢d porifolio siiitable for R charity to rai$c in¢oille iYhiGI) Ivill b¢ distributed as grar]ts. PIAns fol. tlie Future Th¢ triistee8 do not inieiid Inakiiig any Signific￿1¢ changes to ihe operation of the cli*rity. aiid aiili¢ip4le coiitiiiving to receive invesltnent income and identifying SilTlabl¢ claimaiils for grRnts. Fiiiidral$lllE The Cliarity does not engage iii fiiiidraisiilg activitA6s. (3) THf. SYDNEY & PIIYLLIS GOLDBERG MEMORJAI. CHARITABLL TRUST REPORT OF THE TRUSTEES FOR THb YFAR fi NDXD 5 APRIL 2024 (CON'I'INUKJ)) Triistees, Ilesiionsibililies in Relatiou to the Financial Stllteiiitfjts Tli¢ ¢l)arity Irusle&4 are r¢5POllStble foi. pJ¢parRiig a lyiislces, aniiiial I'epoi'l and fiiiancÈal stal¢iii¢nls iii accordance iyiili applicable IKIV and Uiittcd Kingdom Accountin8 Slaiidai'ds (Uiiited Kingdoin Geiiei'ally Accepted Accountiiig Piacticc). nie laiv Rpplicabl¢ to cliayities iii Englaiid and Wfiles Irqiiiits Ilie cliarily Ii'ustees to pi'epar¢ fjiiancial staleinei)l$ for e&¢h finaiKTal y¢ar ivliich give a Ii'iie and fail. vieiv of the state of tl)e affaiis of thtt cliai'ily aiid of Ille iiicoilliiig and applicalion of resoiirce5, of Il?e charity for thlll period. Iii pi'¢paring tl)08e finai)cial slatelneiils tlie tr1151￿S required to.. H) selecl suilable accounliiig policies ai)d Ilieii api)ly Iliein coiisist¢i)tly' b) obsery¢ Ilie meil)ods aiid priiiciples iii the applicable Charities SORP. c) mAke jiidgejiieiits and estimates thal are reasonable And priidenl. d) slat¢ ivhether applicablc a¢¢oiii)ling slaJ)dards have beeii folloived, siibjecl to Éiny Inalerial d#pailur¢s that must be disc1￿¢￿ and ¢xplained in thB finan¢iJl Slalements. e) prepllir the finAiicial statements on til¢ going wi?e￿.1] basis Iinl¢s$ it 18 inappropriate to assume that tho cliarily ivill conliaue in op¢iation. The tnistees nr¢ irspoJsibl¢ for keeping proper 8¢¢0unling r¢￿rdS that disc105e ivitli rexsonablc aceuracy at any liine tl)6 fin8ncial position of the Cliai'ity aiid to enabl8 them to eiisiire IIut tlie finan¢i&l statemetlts comply with th¢ Charities Act 2011. tlie applicable Cliayilies (A¢counts and Reports) R¢giilalions. &i)d tlie provisions of th¢ TrLlSt Deed. Tli¢y are &lso responsible for safeguai'ding th¢ assets of Ilia charity and IAkiiig reosonBblc steps for the piEvention ¥And detection of fi'aud or otlier ii're8ulartli¢s. St#temtiit of DT8clfvsure lo Aiidltors So fftr as the triTSte¢s 8re alva￿. there is no relevant Ewdil iiifoi'ination of i4,hicli th¢ ¢liariVs aitditors are ui)aiYAI'e. Additionally the triislees have tak￿1 all tlie steps they oiiglit to liave tRkeii trustees in order to rnak¢ tli¢nis¢lves awaLe of aiiy relevant audit inft*mialion and lo esloblisli that the th8J'ity's auditors arg aware of Il)8t informolion. Approved by th¢ Iruslees on IS A and $i￿¢d on behalf of the Ii'u ¢$ ,t2024 C J Ptxtoii Tru5tet (4) INDEPENDEN'J, AUDITORS, REPORT TO THE MEMBERS OV THEI SYDNEI Y & PHYI,I,IS GOLI)BEI RG MEtlffQRIAL CHARITABI.r. TRUST Opliiioll We have aiidited tlie finaiioiol st4t¢m¢nls of Tlit Sydnty and Phyllis Goldberg me￿orial Charitable Tiiist foi. the year ¢nded 5th April 2024 a5 sd oiil on page5 9 to 14. the finwicial reporting frameivork tliEkt lias b¢en aijplied iii their prepai?tion is applicable laiv and Uniled KingdoRll Ac¢oLlllting StAndards iiiclydii)g FRS 102 Th¢ Finynctal Reportiiig Stai)dard applicable iii the UK 0iid Repiibli¢ of Ir¢land' UJniled Kittgdoim Genei"alky A¢¢¢pl¢d A¢¢￿)ntIng Iiraclice)- Tlie finaiicial statsii)ents lillve been prep8r¢d in accoi'dan¢e iyiili Ac¢oui)tiiig ai)d Reportiiig by Cliarities preparing Ilieii. accounls iii accoi'dhnce ivith thc Financial Repoiting Standai'ds applic21 ble &1) 11)e UK and Repiiblic of li'vland (FRS102) in prefereiice to the Accoiiiitiiig aiid Repotliiig by Cliarities.. StRteJnei)t of Re¢ot)iiiiended Practice i5511ed oil l April 2005 ivliicl) is refei'ird io iii the ektant i'egiilaliol￿ bllt hAs b¢¢ii IviilidrA%vi). Tl)i$ 118s been doi)e iii oid¢r foi. Ilie accoiiiits to provide a li'iie aiid fair vioiv in R¢cordf¢i)c¢ iviih tli¢ Gei)erJlly A¢c¢pl¢d A¢¢oiinting Pr8¢1ic¢ ¢ff¢ctiv¢ for reporting pei'iods beginning 01) oi. altsr l Janiiary 2015. This ￿pOrt is niade sokly lo the Charity's Tiiistees. as P& bodyj in 8ccord4ncÈ iyiih P8¥14 of the Cli&rities {A¢¢oiii)ts and Reports) Regiilatioiis 2008. Oiir al￿11 iyork l)a5 b¢thi undertaken so iliat ive mtglil slate to tli¢ Cliaiity's Trusl¢es tliose niatlei's ive Are requiiEd to state lo tl)ein in An Audiloi s i'eporl aiid for iio otlier piirpose. To Ilie flillest cxtciit perinitted by lalv, Ive don not uccepl of assiime responsibility to anyone otlier than the Charity 8iid the Charity's Tnjstees as a bodyj for oiir aiidit work. for this repr>rt. or for the opiniotts Ive have formed. In vur opijiion the finaRci&l 8lat¢in¢iits', giv¢ a Iriio and faÈi' vioiv of Ilie stat¢ of tlie charity's afhii% as 815th April 2024 and of its iiicomtng re50ur¢¢s and appli¢atioii of r8sourcos. ftlr Ilie yeRI' Ilien ended. liav¢ betn pmpvrly prepa￿d in a¢cordaiice iyiih Unit¢d Kii)gdom G¢ncrally A¢¢epled Accoiinting Pra¢li¢e: h8ve been prepared ftii accoi'daiice iyitl? the requiirments of the ChaTities Act 21111. BR8iS ofopinioii W¢ condii¢ted our aiidit in accordan¢¢ iviili liilern8tioiial Siandaiyls on Aiidiliiig {UK) (ISA$ (UK) and 4pplicabl¢ law. Our respon$ibiliti¢s iittder those stsndAids kre further des¢i'ib¢d in tli¢ Auditor'5 tesponsibililies for the aiidit or the finan¢i818taIei￿entS section of our IEport. We ¥¢re indep¢ndenl of the Charity in accoi'danc¢ ivith ¢thical IEqiiiIEm¢Ats t1￿1 are itlevanl to oui. aiidil of the finallcial statements in the United Kingdoin, illcliiding tlie FinEkncial Reportirbg Coiirtcil's Eiliical Stand&i'd, nnd ive have fulfilled our oih¢r ¢lliical Itsponsibililies in accordance iyiili ilie5c reqiiiieinethls. We believ¢ tliat Ili¢ audit evidence Ive have obtain¢d is siiffi¢i¢nt and appropriRle lo provide e bRSiS for oiir opinion. (5) INDEFENDLI Nl" AiIDITORS' REPORT TO THE MEMBERS OF TIIE SYDTrIEY & PHVLLIS GOLDJIERC MKMORIAL CFIAItITAIILE TRIJST (CONTINUED) C.ou¢lN$ioii$ Yelnling to going collcer In auditrng the fIiiancial statements, Ivc li&ve concliided th¥tt th¢ IrLi$l¢es' Ii$e of thc going Concei￿ basis of ftCCDITiiling in tlie pi'epailllion of tli¢ finaiiLial stAt¢ineiils i& Appropi'iRl¢. Based oil ihe ivoi'k ive have perFoniied, w¢ have not identified any inaterial iineertainlies relating to ovents oi. conditi￿S Iliat, indiyidiially 01- collEctivelyy may c&st significai)I doubt oil the charity's ability lo ¢ontiniio as 17 goiiig concern for a pei'iod of at Icasl livelve moiiih5 froin ivlien the fiiiancial stateinents are #iiihori5e(I for iSSLIf. Oiir i'espoiisibilit£es and tl?e re5ponsibililies of ihe trustees iyith r¢sp¢ct to going ¢oiic¢i'ii aiE described iii th¢ i'¢l¢vwit soclioiis of this I'epoj'l, Iii our ev&luatioii of Ili¢ Irustres, ¢oii¢liisions, Ive Gonsid¢Jvil th¢ J'isks associaled Ivilh tlie cliarity's biisin iliodel, in¢ludiiig ilie effe¢ls arisiiig froni inttcro-cconointe uncerlaiiilies siich as COVID-19 aiid ai)alysed Iioiy iliosc 1-15ks mtglit atlecl (lie cliai'itys fiiiaiicial resoiirces or Abilily lo ¢oiiliiiiie OPer￿tiO[l5 oycr tlie peiiod of livelve iiioiitlis froin tlie dale iylien tlie fiiianci81 slalei)i¢iils are aviliorised for is511¢. Iii accordai)¢¢ iviih the above. iY¢ Iiave iiotl)iiig to report iii tl)e4e Yesi)ects. Iloivcvttr, as iv¢ caniiot predict all fiilure ¢v¢nts or ¢onditioiis and as siibs¢oiieiil events m2y result in oiit¢oni¢s iliat #re in¢onsislent iviih jiidg¢menls thal iyere rca8oiIHbl¢ at tlie iii)ie Iliey Iveie i1)ade. Ihe abseii¢e of iefeiince lo a Inate&u81 uiicertaiiity in Iliis aiiditor'5 r¢port 15 not a giiiraiitee that Il)e charity iyill continue in opeJ?lion. Other inloi'iiiatioji The Tr115tees ar¢ r¢sponsibl¢ for Ili¢ oth¢r iiifonTJalioii. The tsih¢r inforjnalioii coiiiprises tlle infonnalioi) iNcluded iii the Aiinual Report. oth¢r than tlie financial stat¢iii¢Jils and our Auditor's Repoil thei¢on. (hii. opinion on the finaiicial ststemenls does ii¢)t cov¢r Ilie iiifo¥mation cind. except lo Ihe ¢xlent oilieiivise ¢xplicitly sl&led tll our repoit, lye do not express any foJ7n ofassurance concliision th¢li￿n. In coiillectioii iyiih oui. audit of the filial￿1￿] slatemenls, o¢ir i¢SPDnsibility is to read the oilier information and. in doing so, considei. Ivhttl)er the other infoK]J)alion 1$ mute&'ially inco1￿iStenI with the fii)an¢ial slalem¢nts or oiit knoiyledge obtaiiied iii the aiidit or otlierwise appeal's to b¢ Inat¢riall} misstated. If ive id¢iitify suclE inatei'ial ii)consislencies oi- apparent Inaterial n)isstalements. i¥¢ are reqiiired to de1￿1n[￿e Ivheilier th¢r¢ is R material misstatemcnl in Ilic financial stntetnenls or a material misslatemcnt of Ili¢ oth¢r information. If. bosed oil Ilie ivoi'k ive have perfoimed. Ive concluded ilixl tliere t5 a material misstel¢ine13t of this other inform8tioii, IV¢ gre I'equired lo report Ih8t fact. We have nthhing to Teport irt Iliis regard. Capability of the aiidit to detect itregiilarities iiicluding fi'aud. W¢ ￿Ined an vndeistaiidii)g of the legal and regiilaioiy frameivork Applieable to Ihc cliarity aiid the indiistry iii whi¢li il 0￿rAt¢s, and consid¢r¢d tli¢ risk of a¢ls by the charity ivhicli Ivere contrary to applicable la¥vs and regulations, iii¢ludii)g fraiid. These in¢lLided, bul ivere not liilliled to, ¢ollipliaii¢e iyilh tlie Charities Act 2011 and FRSIO2. (6) INDEPENDENT AUDITORS, IIEPORI. TO THI MEMJIII RS OF THF SYDF4LY & PHYLLIS C.OJ.DBERG MEMOIUAI, CHARITABLE TRUST (CONTINUED) Other inforJnAlion {Coiitiuued) W¢ designed aiidit procedui'es lo respond to the risk, i'ecognising that the risk of iiol deteoting 2 Inaleii&l Intssl4temeiil diio lo fr811d is Iii¥her than the risk OF not delectii)g one r¢5ulling fi'olll ¢tror. as fi?ud may involv¢ delibth'ate coii¢¢8lment. W¢ focused oil laws ffnd r¢8iilatAOllS tlvst could giv¢ ris¢ lo a m#t¢i"ial Inisslat¢m¢nt ii) th¢ financi81 slttlem¢iits. Olli. tests iiicliided, bÈit iyei'e not liiniled to: •gi'eein¢nt of lh¢ fiiiaii¢ial slai¢ineiit dis¢losiii%s 10 1511d¢rlyiiig 8111)porliiig m material misslat¢in¢nl, Ivli¢iher diie to fraud or ei'ror. In prepai'illg the fiiian¢ial staleittenls, Ili¢ Tru81¢¢s or¢ ￿$poJ)8ib1e ftlr assessing the Chhrily's ability to coiitinue as a goiiig con¢¢rn, dis¢losin& as appli¢able, mutters r¢laled to the going concern und using tlie going concern basis of accolinling iiiiless the Tru51ees eiiliei. inl¢nd lo liqiiidale the Cliarily or lo ceas operntions. or hav¢ no realistic alterithtivo bul to do so. (7) INDEPEI NDENT AUDITORSI RLI POIIT TO TIIE AIJEMBERS OF I'HE SYDNF,Y & PHYLI,IS COLDBERG MEMORIAL CHARITABLEI TRUST (CONTINUED) Auditor's respoiisibilitics for the audit of the finaJici&l statements We have been appoiiiled as aliditors iiiid¢i' $¢¢lioi) 145 of Ili¢ Chfiriti¢s Act ai)d i'¢poi'l iii accordance iyith the A¢1 and rel¢vanl regulations inade oi. liaying effect th¢i'eundei-. Our objectives are to obtain Ira$on&bJe assurance abolit wlieiliei. the firtan¢ial stat¢ineiits as a ivhol¢ ar¢ free fiom maieri&l Inisstaleincnl, Ivh¢tker dv¢ to fiaud or ¢ri'or. 4Md to issue an Auditoi s rcporl that include5 our opii)ion. Rcasunable assLlI"anc¢ 15 0 htuli level assuraiice bul is llot a guftrahlee Il)ot audit eonductLd in accordaiicc iviih ISAS (UK) iyill alivays delect a nial¢rial iuisstat¢m¢iit wli¢ii il exists. MisstAlemeiiis ¢Rn aris¢ from fraiid or c¥mr ffiid Al￿ considcred matcriAI if. iiidividiially oi. in th¢ A88lt8Ate, tliey coiild reasonably bc expected to influence the ccoMorniG d￿lSiOn ol users taken on Ihc basis of Ihc5e fiMan¢ial 5tAteinents. A fiiithei. descriplion of our I'espDIL%ibililies for ili¢ aiidil of th¢ fiii&ncial stateinents is k)cuted in tlie Financial Repoiling Council's website at.. www.frc.or .uk/auditorsre5 onsibilili¢5. Th¢ d¢5¢1'iplion form5 p&t of our Aiidilor's R¢port. Use Df our Repoi't This repoi1 is lll8dc solely to Ihc chai'itys TrI￿te¢S. as R body, ii) accordance willi P&rl 4 of tli¢ Cliarilies (A¢¢oiii3ts aiid Reports) Regulatioiis 2008. Oiir audit ivork lias beeii iii)dei'tak¢ii so Iliat we inight slAte to tli¢ cliaKity's Trnsle¢5 those Jn8ttErs we are reqiiiird to stile to Illel￿ in an auditors, I'epoil aiid for iio oih¢i' p¥ipose. 'Fo thc fulla$t ¢xt¢Jit pci'initted by Ihiy. we do not Rceept or assuine Irspollsibility to unyone other tliaii th¢ ehai'ity and its Tnistees, as a body, foi. our aiidir ivork, for thi8 r¢poil, oi. for the opinioiis ive liave fotEn¢d. 40 Graccchurch Street Londoi) F.C3V OBT RPG CROIJCH C.HAPMAN LLP Chai'lered ACCO￿nt?￿lS Staliitory Auditors "5 110 2024 RPG Cn)ucli Chapman LLP is eligible to act as audiloi. in terms of s￿li0n 1212 of the Companies Act {8) TIIE SYDNEY & PHYLLIS GOLDBERG MEfvIORIAL CHARITAIILL TRUST srATEMENT OF FINANCIAL AC'I'IVITIES FOR TIEE YEAR ENDEI) S APRII. 2024 Note 2024 2023 In¢rpm¢ Donatinn Envo5tmenl lJicomÈ 500 Divideiids and tnterest fro1￿ Qiioted Inveslmenls Interest on Dcposils 123.877 5,416 120,356 1,691 Totsl Tncome 129,293 122,547 Expendlturt Costs of Generating Funds Inveslnieiit Managemenl Costs Cliarilable Artivilies: Granls Paid Manag¢inent and Adn)inislr4tAon 600 6LIO 115,000 11,107 115,000 11,042 Tot41 Expendiliii'e 126,707 126.642 Net Inconiel (Expendituiy) 2.586 {4,095) Other Reco8ni8evid¢ support and educate aiid advise on the iv¢lf81'e ofthe child. The In0￿dIble Design Compaiiy) form¢i-ly Chail¢y &l¢rilag¢ F.nterpi'ise Centre- To suppoit traiiiiilg and ivork expcrienre for disablcd adiilts Alzheiiiiefs R¢seairh UK- To fiind reseRr¢li Éilto demcÈitia 10.000 10.000 15,000 15.000 4.000 3.000 5,000 5,¢)00 5,000 BRACE-TO fLind clinical & laboraloi'y demenlia Yesearch projecls Nepal Earthquak¢ Appeal- 1.0 ¢onlribute Iowords r¢bvilding s¢hool$, ¢onsli'u¢ting shelter hojnes etc in riiral ur¢as 10.000 10,000 Datiiin foundation- To assist in vayioiTS medi¢8k and scliooS classrooin building projects in MalaivA. 3.000 3.000 Fri￿d$ of Children in Romthnia- To provide fufftids to 8iFppoiI a children's oipliniiagc in lioinania. 5.000 5.000 Th¢ DystOl)IA Soci¢ty- To fiiiid research into Dyslonia and lielp suffereTS from tliis Iiciirologi¢'al disease. 'rii¢ Sick Cl)ildr¢ii's Triisl (Stev¢nson Floiis6)- To Aid the r¢¢ov¢ry of $erioiisly ill ¢hildr¢n iii hospi181 by providiiig free closts-by a¢coimmodation for families. 8,000 8,000 3,000 115.000 4,000 115.000 (12) TIIL SYDNEY & PHYLLIS GOI.DBF.RCv TrIFlWtORIAL CHARrrABLE TRUST NOTF,S VOIIMiNC PART OF THE TrINANCIAL STATEI MENTS FOR THE Y￿1 AR ENDED 5 APRIL 2024 (coririNUED) 5 GovevnRn£e Costs M*iiagemtnt 911d Adniinislrailoii 2024 202J Aiidil fee (incliidiag VAD Adinknislrfttioii and AeeoLlI)tiiig (iiicluding VAT) 1.800 9.307 11.107 .704 9.338 11,042 6 Fill&nciHI Jiisli'uments 2024 2023 FinRnciRI assets in¢o$urcd at fair ihroiigl) StAtemeJit of Financial Activities 4.879,541 4.536.061 Fiiiftncial assets m¢asiii'ed at Fair value IliiM)ugl) Ilie SialeineAit of Fiiiaiicial A¢tiviti¢s ¢oniprise inveslineiils. 7 1iiveslmen18 2024 2023 Market valiie at 6 Apr&l 2023 A¢qvisilions at cost Disposc11s at market valiie Nel gainl(deficÈt) Market Vxlue as at 5 Api'il 2024 4.536.061 213.653 (107,404) 237,231 4,879,541 4.675.889 99,029 (27.366) (211,491) 4,536,061 Dvestments At MA Yket Value Comprise Quoted 2024 2023 UK Fixed Interest Seciirili¢$ UK Iqiiilies and Fiiiids Ovcrseas Equitie5 428.143 3.663.144 788,254 4,879.541 358.506 3.591,912 585,643 4.536,061 The trustees consider tlie only Inalcrial iiiveslment holdings &1 Ilie y¢#rend were in Alliance Triisl Plc, £257,480. beiiig 5.30/0 aiid in Aslrttzeneca Pl4 £254,880. beÉng 5.2D/• of the portfolio by valii Quoted iiiveslments are registered in the name of auilioi'i8Ed nornin¢e coinpany> J M Fintt & Co. Ivho are only Aiithorised lo a¢1 oji in51ruclioii$ froin the trustees. The norniii¢¢ ¢oinpany piY)vides a c¢rtift¢at¢ in rdation to 11)e iThvestincnls li¢ld by tliem on beholf orth¢ Trlist. (13) THF SYDNEY & PHYI,I.IS GOLDBERG MCMORIAI, CHARITABLE TRUSI, NOT£S FORMING PART OF TTrIF. FINANCIAI, STATEMkNTS FOR THE YEAIi LNDED S Arll￿ 2024 {CONT1Tr4UED) 8 Ti'aii$n¢iloiis wi¢li Ti'uslees aiid C'oiiiieete(I Pe￿o￿S Tl)e Iriislees received no einolEiineMls or ieiittbiiis¢inenls of ekPehSeS in thc ye¢ll'. Tl)e folloiving infoiinutioi? is given ¢onceriiiiig other fee% veceived by Ilie Ii'ustees:_ Mr C J P¢xtoii is a partner iii Begbies Cliarler¢d Accounlaihls aiid Mr M J Lliii¥cli is a coiisuliaiit. BEBbiK Chartered AccoLltI(811ts pIDvid¢ ininageni¢nt and uccoiinlillg sci'viccs to ilie Tr'iisl. Diirillg the yeur, B¢gbies i'¢c¢iv¢d f¢¢s of £7,700 plus VAT (total £9,240) for providing maiJa8ement and accoiiiiliiig services to the Tnisl. Diiring the ye81. a grant of £15,000 Ivas paid to Life Ceiitr4 a regisl¢r¢d charity. Mrs C Pexton, wif¢ of C J Pextoi) (I'ruslee of tlie Sydney & Pliyllis Goldberg Meniorlal Chllritable Triist) is a ti'ustee ot Lite Ccnlr4 alihoiigli not involved ill tl)e lldmiiitslrntion of il)e cliarity. (14)