THE SYDNEY & PHYLLIS GOLDBERG REPORT AND FjNANCL STATEMENTS FOR THE YEAR ENDED 5 APRJL 2025 CFLARrrY 1C[STRATIoN NUMBER 291835
THE SYDNEY & PHYLUS GOLDBERG ME, MORIAL ClIARIfAB TRUST Contents PAte No: R¢port of the tNsteo8 Report of lh¢ wditors Statement of financial activitiés B4laDCe sheet 10 Not formitt8 Part of the financial st8t¢ment8 11- 14
THE SYDI4EY & PHYLLIS GOLDBERG i¥tEMOIiIAL CHAIUTABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2Q25 The trustees PTe$ent Ilieir report together with the financial sl8temeDts of the charity for the year ended 5 April 202S. The fiiiancial 8tatem¢tkts h8v8 been prepared in accordan¢¢ with the Statement of Recommended Plzcliee applicable to ch&rities preparing their accounts ip accord8nce wirh applicable14w ai)d Unilcd Kingdom Accounting Standard8, iiieluding Financial Reporting Staiidord 102 The FiTLancial Reporting Slandard applicable in the UK and Republic of Ireland (United K.iRgdom G¢i)erally AccepLcd A¢counting Practice) and comply with th¢ ¢l)aritgs ITUSt de¢d and tlie Cliarities Aci 2011. Ix8#l And AdmlM18trAtlve IroymlI0 Truitee8 M J Church C J Pexton PrlncipAI Offlee 9 Bonhill Street, London, EC2A 4DJ CbArltyNumber.' 291835 A¥dltori RPG Crouch ChapM LLP. 40 Gra¢echu Street. London BC3V OBT Bnken HSBC Bank Pl¢. 28 Boroiigh High Stre¢t, Southwark, Lortdon, SEI IYB InVlmeDt Advl80rn J M Finn & Co. 60 Abbeygate Street, Bury St Edmund4 SuffolK tP33 ILB Stru¢ture GoveniAn¢e Dd MAnA¥emeDt Tru$tee8 OrR¥oi8¥Jllonal Strueture The Trust wa5 ¢re8t0d by Sydney And Phyllis Goldberg by a Tnjst D¢ed dated 8 May 1985. Tho settlors gave art initial gift of £100 to the Trust. Phyllis Goldberg died on I l April 1990, Sydney Goldberg liaving pr¢-decea3ed her. Under tl)e term$ of her Will, Phyllis Goldberg bequelthed to the Trust the whole of l)er holding in SyonY4 Investmeiits Limited ond upon the de&th ora life t¢n8nt, the whol¢ of her residuary Estate (See Note 3 on pas¢ I l). The power of appointing new or Addition tsN5tees wa8 vested in the Settlors or the survivor thcreof 4nd thereaft¢r in die surviving or ¢ontinuing trustee8.
THE SYDNEY & PHYLLIS GOUIBERG MEMORIAL CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APIUL 2025 {CONTINiIEDI Tru8tttJ and Orygn18&tloDal Struelure (Continued) The trustecs m¢et as consider¢d necessary. and Thot le5S ti)an once each year. A ehairm8n is appoinl¢d by the trustees to man&ge the day-to-day operations of ihe chlty. The trust¢¢$ have power to uppoint addition81 trustees if required. Tlie minimum nuinber of tnJstee5 t$ two. BJsk M4Dagement Tli¢ truste¢$ liove introdu¢¢d & forrnal risk management process to a5Se55 risks and implement risk In&no8em¢nt $trategie5. The risk ossocialed willi the InanageiM¢llt of investments is 8ddrossed by the appointinent of investment advisor5 wlios¢ performonce is regularly moiiilored. ObJe¢tlv¢J Actlvltle Objecti of the Charlty The objects of thu Trust are to perpetuate th¢ memory of Sydney Goldbeig And liis wife Phyllis by using tlie nds avAilable to it for generAI chAri18blè purposes. The trustees ¢onfLm that they have referred to tile 8uidance coiilained in the Charity Commis$ion's goneral guidance on public b¢nefit when T¢vi¢wing th¢ Truse8 aims 8nd objectiv¢s &nd in planning #ctivili¢s ancl settin8 the gTattt making policy for the year. i¢ Trust carrl¢s out tliese objects by receiving money wliieh Is then distributed for oh8ritabl¢ piirposos includiiig medi¢01 researeh, welfare and disability, Tlie disiributiong made each year are set out in Note 4 on page 12 tO8ether with an indicalion of ihe ultimate ben¢ficiAfies of ¢8¢h ant. GrADt M*ldng Polley The Trust has established ils Brant llwking policy lo achi¢ve its objects for the public benefit by inviting appli¢atioiis from ¢xisling &nd previous donee cliariti¢s And ¢h8ritabl¢ caus¢5 favoured by Sydney and Pliyllis Goldber8 and by advertising the objeclive8 11) the Directory of Grant M8king Trusts. The Charity requests a ¢opy of the fmal Teports on all r¢geaTch for whi¢h 8Tants made. Aehlevementj and P¢rform#llce The trustees continued to receive and r¢view 8tant application$ from various chAriti¢s. The illvgstment porrfolio. managed by J M Finn & Co, performed as experfed ¢nablin8 the tn]stees to approve grant payinents tot#lling £122,000. {2)
THE SYDNEY & PHYLLIS GOLDBERG MEMORIAL CHARITABLE TRUST REPORT OF THE TRUSTEES FOR TRE YEAR ENDED 5 APRIL 2025 (COTrTfINUED) Fin8ne5al Revlew FlnAnclo1 ActivStles #Dd Roport All tl)e funds of tlie Trust are li¢ld for unrestri¢ied purposes. The total inoome for th¢ year 81nount¢d to £134.383 (2024.. £129.2931 and toial expcnditure w¥s £133.818 (2024.. £126,707) giving n¢t incoine of £565 {2024.' net iiicoine £2,586). Tlie truste¢s eonsidered VATIOUS diaritable appea15 resulting in £122.000 (2024.. £115,000) ing di51ribuied by way of oharilable grkiits as detailed at Note 4 on page 12. Tlie toljl assets in the balance sheet ()f £4,888,334 (2024.. £AI,952,886) are stated at Inarket value. The value of th¥ ¢liarity'S investin¢nt portfolio decreased by £65.117 (2024., Iiiereased by £237,231). 11 is confirin¢d that the Trusl's &nticipated incoine for the coming year 15 ad¢quate to lfIl th¢ objeGt8 of the Trust. Key Manag¢nbent The tru51¢¢$ consider thAt the bo8rd of trustees comprise the kny mttThag¢fflent personnel of th¢ charity, Key manageinent does not reoeive any remuneration. R¢l4*ed P#rti D¢t&ils of relat¢d paty transactions are Set out in note 8 to tho Financial Ststemeiils. R¢J¢rvey Poll¢y It ig the policy of the cliarity to.. Inaximi5¢ its incoine from inv¢stm¢nts consonant with the prudent maintenHnce of the Tru51 Capital. mAinthin unrestrieled fijnds whicli ai'¢ the fi'e¢ re8erves of the Cliai'ity; distributo all 11$ n¢1 income after maDQ8ement &nd administration co$t$, by WAY of 8ronts. InvMtmeDt Poweri Tlie trustees have the power to invest money and hdopt such measures ay seem to them necessary in the int¥rtst of the Truyt. 50 thal the Trust liolds a balonced portfolio suitable for a charity to raise inwme which will be distributed a5 8rants. Plons for th¢ Future The thLStees do not intend makin8 any significant changes to the operfition of the ¢harity, and anticipate continuin8 to r¢Geive investment income and identifying suitable Claimants for grants. The Charity do¢3 not en8age in fvndrai8inB aotivities. (3)
THE SYDF4EY & PHYLLIS GOLDBERG EMOBIAL CHARifABLK TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2IJ25 (CONTINUED) Trust¢ea' Reapon81bilitle8 Ill Rel&tlon to the FinAnci#l Statements The chai'ity trustees ar¢ respoiisible for prep81.ing a trustees, &nnuAI report and finon¢ial 51At¢m¢nts in 8ccolan¢t with applicvlble law 8nd United Kingdoin Accounting StandAfd$ (United Kingdom Gener411y Aceept¢d Accounting Practi¢e). Th¢ law applicabl¢ to charities in En81ond and W8les requirns the charity trusl¢¢s to prepare financial statement5 for eacli financial year which 8ive ll true and fair view of the state of tlie affaiTS of tlie charity ond of th¢ incoming ond appliclltion of r8sour¢es, of the cliarity for ti)at period. In pr¢parin8 th05B finan¢i&l 8tat¢ment8 the tnJ5tees are wuired to.. L) select Sllltable V4¢counting poli¢ios And then apply them con5i$tently? b) observ¢ th¢ methods and principles in the Y4pplicAbl¢ Charities SORP. ¢) rnake jud8emeii15 and e81imates that ar¢ reasonllble and prudenl. d) state whether applicable aecountln8 Standards have been followed, Subject tts any mAteri&l departures tlJ41 Illu b¢ dis¢108ed and expl&ined in fiiiancial statements. e} pr¢pare the financial st&teinenty on the going concern basis un1¢88 it iy inappropriat¢ to assume thpdt tho hrity will Continue in operation. Tho trustees are resportsible for keepin8 propel. a¢¢ountin8 records that disclose with feasonable a¢¢ura¢y &t 4ny tiine tlie financial position of tl)e eli81.ity and to enable them to ensure that tli¢ financial stalom¢nts comply witli the Charities Act 2011. the Applic&bl¢ ChAriti¢s {Ac¢ounts ld Report5) R¢8uIBÉions. and ihe Provisions of the Trust De¢d. They are atso responsible for 5&f¢BuoTding the ag8ets of the charity and tsking re8sonable gteps for the pitventioii And detection of fraud or other irreAulAriti¢s. StAtement otDls¢1o8ure ¢0 Audltoro So far as the ti'ustees are aw&re, th¢rt Is no relevant audit information tsf whiGli the ¢harity$ auditors a unaware. Additionolly th¢ tnJsle¢5 hve taken all Ilie steps they ought to Ive taken 88 trustees in order to Inake diemselve8 Aware of any relevant audit information and to establi$h that the ch&rity'S &uditOTS are aware of that inforfftation. Approved by the tn]8tets on 23 July 2025 attd signed on b¢half of the trust¢es C J Pexton Trv8te¢ (4)
INDKPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE SYDNEY & PHYLLIS GOLDBERG MEMORIAL CllARABLE TRUST Opinio We l)8ve audited th¢ finan¢ig15tatements of The Sydney ind Phyllis Goldber8 Memorial Ch8Tltable Trust for th¢ year ended 5th April 2025 as Set out on pag¢$ 9 to 14. the finAllcial reporting frdmework ihat has beeii applied in their prepBr8tion is applicable law And United Kingdoin Acwunting Standards includin8 rRS 102 Tl)¢ Finaiicial RepTrrting Standard applicobl¢ in tl)¢ UK and RtPLiblic of Ireland. (United Kingdom G¢nerally Accepted AccouTtting prnctice). The finaneial Statements have been prepared in accordance with AccountiDg Ind Reporting by Charities preparing their accounts in accordaiice with the FinAncial Reporting Standards applicable in tile UK Republio of trelAnd IFRSI 02) in prefeTen¢¢ to the Accountlll8 #nd R¢poiling by CIIOTlties.' St&teinent of Recoinmended Pra¢tice issued on l April 2005 which is referred to in the txtsnt regulations but ha5 been wididrlwn. This has been done in ordEr for the COunt$ to provide a tru¢ and fair view ID OrdanCe with the GenerAlly Aceepted Aecountin8 PrAOti¢e effective for reportln8 periody beginning on or after l January 2015. T]iis report is mBd¢ solely to dio Ch8rity'5 Trusiees, a8 a body. in Bccord4nce with Part 4 of the Ch8rili¢s (Ac¢ounl$ and Report8) Regulation$ 2008. Oui aydit work hos be¢n undertaken so tliat we Inighi state to the chIty's TTus¢ee5 11103e mlltteT$ we are required to xtate to them in an Auditor's report Nnd for no othvr purpwe. To the fullest ¢xten¢ perniitted by law. we don nol 8ecept of SuMe rPonsIbl11ty lo anyone other than the Charity und the Charity'8 Trustees as a body, for our audit woik, for this report. or for th¢ opinions we have formed. tn our opinion die financial statements.. give & Iru¢ Ond f¥ir vi¢w of ihe state of thc chority's hffairs as At 5th April 2025 and of its incoming r¢50urce5 pnd application of resources, foi. Ihe ye¥ then ended; hive be¢n properly pr?para in aceord&nce with United Kingdom Generally Ac¢¢pted Accounting Pra¢liee' ond have beEn prepared ill a¢¢ordance with the requirements of ti)e Charities Act 2011. Bo18 of oplDioD We conducted our audit in Rcwrdance with International StAndards on Auditing (UK} {ISAg (UK) &nd applicable law. Our responsibilities under t110 standard5 are further describ in tl)e Auditor's responsibilities for 1¢ Qudit or the financifil statements section of our report. W¢ are independent of the Cliarity in Accordonce with ethical requirements that are relevant lo our audit of the fin&n¢ial 5talcments in th8 United Kiftgdom, includin8 111¢ Fii)&ncial Reporting Couneil'5 Ethi¢81 Standard. and w¢ have fulfi15¢d our other ethieal responsi651ities in ac¢ordance with these reqiiirements. We beli¢ve that tlie audit evidence we have obtained is sufficient 4ud &ppr¢)priate to provide & basis for our opinion. (5)
tNDEPETr4DfNT AifDITORS' REPORT TO THE MEMBERS OF THE SYDNEY & PHYLLIS GOLDBERG MEMOIUAL CHARITABLE TRUS (CONTINUED) CoDclu8lons relatlng to going concern In auditing the financial statetnonts, we have concluded tli81 the trustees, us¢ of the going conccrll basis of a¢counting irn the prepatation of the financial statements is appropriate. Bfised on the work we Iiave pcrfomied, we l)av¢ Iiot identified any material uncert41rtties reloting to events or conditions that, individually or collectively* m&y cast significaiit doiibi on the clioritys ability to continue a$ a going con¢ern for a period of at least twelve Inonihs from when tlig financial ilatenieiils gre avthorised for issu¢. Our responsibilities and the responsibiliti¢8 of Ilie trustees with resp¢ct ¢0 going concern are d¢s¢ribed in the relevant sections of this report. In our ev8luAtion of the trust¢es' conclusions, w¢ considered the rigks associated with the charity08 business model. including the ¢ffects arising from ma¢iD-econoinie LinceitaiThties su¢h as COVID.19 ¥nd hndlyyed how those risks might 4tTect the ehariW8 fin8nciol resources or 4bility to eontinue operations over tl)e p¢riod of twclve month8 froin th¢ date when th¢ financiHI $t&tement8 are authoTised for issue, In accordance with Ilie Above, we l)av¢ notliiThg to report in these respect5. However. a$ we c4nnot pr¢dict all fiiture events or ¢onditiODS Aiid os subsequent ev¥nts may reyull in out¢oines Ilial art incon8lSteiit Wlth judgements that were re850nable at the time they were mfide. the absence of reference to A materilll uncertainty irb this dudilols report is not a guarantee that th¢ ¢harity will continue in op¢ralion. Other Information The Trustee5 pre responsible for the other information. Tli¢ other informvltion compriges the infomialion included in the Annual Report, other than the fmancial 5tateinents aDd oiir Auditor'8 Report th¢reon. Our opinian on the financial statements d0¢5 not cover th¢ information and. except to the extent otli¢rwise expli¢iily st8ied in our report, we do not ¢xpre55 any form of &8sufAnce conclusion th¢r¢on. In eonnKtion witii our audit of the financiAI stAtements, our responsibility is to read th¢ other information nd, in doin8 so, consider whether the other information is In&teriAlly inconsigtent with the fii)an¢ial statements or our knowledge obtained in the audit or otherwise appears to bo m&teriolly misstated. If w¢ id¢ntify such material incon5iStoncies or aPpTellt m&leri&l mi55taleinenti. we are required to determine whether there is a rn&lerial misslatein¢nt in the financial stAtements oi. a matsrial misthtement of the other inform&lioii. If, based on tlie work we h4ve perfomied, we concluded that there is a mAt#rial misstatement of (his Other inform&tion, we are requtred lo report thAt fact. We have notiiing to report in this r¢gard. Capability of the pudit to det1 irregulariti including fraud. We gained an understandin8 of the legal and regulatory framework applicable Éo th¢ charity and the indu$lry in which 1¢ operates, 8nd considered th¢ risk of acts by th¢ charity whtch wer¢ Contrary to applieable laws and regulations, including fraud. Th¢s¢ in¢lud¢(L but w¢rc not limited to, ¢ompliADce with the Ch&ritie$ Act 2011 and FRSIO2. 16)
INDEPEf4DENT AUDITORSI REPORT TO TIIE MEMBERS OF THE SYDNEY & PIIYIIJS GOLDBERG MEMORIAL CHARITABLE TRUST (CONTINUED) Other Informatioo (COtined) We designed audit pir)ceduTes to respond tts tho risk. reCOlSing that the risk of not dettIng a material misststement due to fraud is higher thkii the risk of not det¢¢ling one resulting from crror, as fraud may involve delib¢rAte concralm¢nt. W¢ foGu5ed on 18ws and regulations that could give rise to a mat¢ri81 misst&lement in the financial statements. Our tests included, but were not limited to.. agreeinent of the fin4ncial 5tatoment di8elosuie5 to underlying SLlPPOrting doGumentation' enquiries of management. review of minutes of board m¢¢tin8s throughout tha period. and obtaining an understsnding of the control environment in monitoriTh8 eompliance with law$ and regulations. There are inherent Ilmitations in the audit procedures described above and the fiJrtheT removed noncompliaiiee with laws and regulations 13 from the events and transactions T¢flect¢d in the financiol st&tem¢i)t& the less lik¢ly we would b¢¢om¢ &ware of it. We also addressed IlJe risk of management override of interno1 controls, including testing joiirnals and ev41uoting whether there wa8 evidcnco of bias by tl)e tTUSte¢5 that repr¢nt¢d a risk of material misslatémenl due to fraud. MAttert on wblch we are requlred lo report by exceptloD W¢ hav¢ Dothing to report in r¢5pect of th¢ following in&tters where the Cliariti¢3 Act 2011 requii%s us to report tts you if. in our opinion: the information 8iven in the Trustee$, Annual Report is incon5iStent in any m&terial resp¢ct with the rinoneihl 5tatement9' or su1¢Itt accounting recoi'd9 have not been kept,. or the finencial stAtem¢nts are nol in a8re¢ment with the Accountin8 records and rcturns. or we have not received all the inforn]ation and explanations we require for oiir &udit. Responglblllty of the Truste¢• A5 expl&ined more fi)Ily in the Trustee8' Responsibilities StY¢temen¢ set out on pe 4, th¢ Trusl¢es are responsible for the prepBration of the fin4ncial statements And for bein8 satisfied that tliey give & true and foil- view. and for sucl) IDternal control a5 the Trustees determine is necessary to enabl¢ the preporatiOTL of the financial statements th)t ore fret from mterial misst8tement, whether due to fraLid or error. ID preparing the financiv41 statemcnts. the Trust¢¢s are re$ponsibl¢ for asse8sing the Chgrity'5 4bility lo Continue as a going concttn, disclo$ing. as appli¢able. matters related to tlie going eonc¢i'n ftnd using th¢ goiiig concern b&5is of ac¢oiinting unless the Trustees eill?er itltend lo liquidAte the Charity or to ceA3e operation5, or have no realisti¢ olternative but to do so. (7)
INDEPENDENT AUDITORSI REPORT TO THE IIIEMBERS OF THE SITINEY & pifYLLIS GOLDBERG MEMORIAL CHAIUTABLE TRUST (CONTI[ED) AudltOT'8 respottslbilities for the avdit of the flnADeil staemeDtg W¢ have been appointed as &uditors linder section 145 of the Charitie5 Act and report in a¢cordAnce with tlie Act and rolevallt regulations made or having effect tl)er¢under. Our objc¢tives ar¢ io obtain re8yonable assurance aboui whether th8 financial 5tatem¢nts as a wl)ole are free from m&terial IfLissiat¢menl, wliether diie lo fraud or erior, and to issue an Auditor's report tliat includes our opinion. ReasoJiHble assurance is a higli It1 assurnnee but is Dot 8 8uai'aDtee that an audit coiidiicta in accordance with ISAS (UK) will always detect a LTJaterihl Jnisstat¢ment when it tsxists. Misstateinents eaii arise from fraud or error 8Dd are ¢on3id¢rod material if. individually or in. tho aggregate, they Could reasonAbly be #xpeGted to influence the 00M1¢ dEciyion of users taken OD the basi5 of diese financiAI statements. A rther description of OUT responsibilities for the audit of the finoncial st&teinents is located in the Fin&ncial Reporting Council'5 websit¢ at.. re The descriptioD forms part of our Auditor'5 RBPOrt. Ujo of our Report This r¢port is made sol¢ly to il)¢ cl)AriWs Tru&lees, as ¥ body, in a¢cordance with Part 4 of the Cliarilies (Accounts and Reports) Rcgulaiions 2008. Our aiidit wolK has been iiiidertaken so that we might slate to the ¢hArily's Tr115tees Il)ose matters we ore requir¢d io state to them in an auditors, r¢port and for no oiher purpo9¢. To the fullest exlenl permitt¢d by l&w, we do not aceept or assume spOnSIbl11ty to anyone other Ilian tlie eliarity ond its Trustees, as a body, for our audit work, for this report, OT for the opirAiOll8 w¢ have formed. 40 Gr8¢echur¢h Street London EC3V OBT RPG CROUCH CHAPMAN LLP Chartered Accountants Stotutory Auditois 2025 RPG Crouch Chapman LLP is eligibl¢ to act as auditor in terms of section 1212 of th6 Companies Act (8)
THE SYDNEY & PIIYLLIS GOLDBERG Th(KMORIAL CHARABLE TRUST STATEMENT OF FINANCIAL ACTIV]TIES FOR JItE YE ENDED S APRIL 2025 Nots 2025 2024 Ineome IDveJtmeDtlncom¢ DividendB gnd Interest from Quoted Investment Interest on Depoyits 131,486 2,897 123,877 5,4l6 129.293 Tot1 IDcom• 134,383 Exptllditure Co¥tg of Generating Funds Investment Mailagement Co8ts Clwiable A¢tivitios'. Gronts Poid M4nag¢ment and Administration TotAI Expendltu 600 600 122.000 11.218 115.000 11.107 133.818 126,707 565 2,S86 Net Income Other Recognl•¢d G4ln8 ADd IAwe• IDeficitllGain on Jnv¢¥lmont Assets N¢t Movem¢ttt Ill Fundi 65,117 237,231 (64.552) 239,8l7 Re¢onrillatlott of Fund• Total FLinds Brought Forward Totsl FuDdx Carried FornArd 4.952,886 4,713,069 £4.952.886 £4,888,334 All fund5 repr¢8ent UDfostri¢ted irA¢ome funds. (9)
SYDf+lEY & PHYLLJS GOLDBERG MEMORIAL CHARrrABLE TRusr BALANCE SBEKT AS AT S APRIL 2025 2025 2024 Note Flxed As8ets Investments 4.815,413 4,879,541 Current knsel• Short Term Deposits Cash ui BAnk 67,913 5.008 73,140 205 N¢¢ Curr¢nt Alie¢• 72,921 73.345 Net Auets £ 4.888,334 £ 4,952,886 Fundj of the Ch8rlty UnreBlricted Income Funds £ 4.888,334 £ 4,952,886 The80 w¢re approv•d by tbe Trust•eB 23 July 2025 and *1Ellod on thelr beh#lf by: C JP¢xton . TTll8tse (io)
THE SYDNEY & PHYLLIS GOLDBERG MEMORIAL CHAIUTABLE TRUST NOTES FORMING PART OF THE FENANCIAL STATEMENTS FOR TILE YEAR EfiDED S APRIL 2025 AccountlDg Policies The accounts have becn prepared linder the htstorical cost convention &s modified to inolLide investtnents at valuatiott. Tlie ficcounts have be¢n prepared in accordance with the 8¢cond edition of th¢ Charities Statement of Recommended Practice isslied iiJ October 2019, the FinAn¢ial Reptsrting Standard applic&bl¢ in th¢ United Kingdom and Republic of Ir¢land (FRS 102) Ind tlie Charitie5 Act 2011. Tlie ch8rity m¢¢ts the definitioii of i public benefit eniity under FRS 102. The trustees ¢onsider Ihat there are no material uncertainties obout the cliAritys 8bility to continue as a going concern. Income from investments repres18 dividend& donations under gift aid provi$iony ond inter05t receivoble ia the year, Expenses ar¢ 8ceouiited foT wlien pBiO and include valiie add?d tax. Fix¢d asset illVe51ments are E4 form of finai1¢ial instrument and 8r¢ included ITh the BalaDC¢ Sliect at foir value. Realised and iinirAlised 8ain5 in¢liid¢d ii) th¢ Stat¢meni of Financiol Activilies. Apart fix)IM investientS. the eharity only has financial assets #lid of a kind th&1 qualify as bAsic finai)ci&l instriimen15. Basic financial instrumenls ai'¢ ii)iti4lly recogni5¢d al trAn$Actioii value and subsequently measured at their settloment valu¢. The financial gtatomènts do Iiot include a cashflow sts¢oJn¢nt because the charity, as a gmall reporting entity. is exempt froin tlie requirement to prcpare $u¢h a statelent under Fin&ncio1 Reportin8 Standard 102 Section 7 "Statoment of Cash Flows" The financi81 st&t¢ment8 have b¢en prépAr¢d in Sterlin8 and all amounts hav¢ been round¢d to the n¢&rest pound. Crltlc81 #ceouDtlng wtlmAte8 •reAs ofiudgment Estimates judgments are continually evaluated aftd are based on historical ¢xperience aDd other f10l, in¢ludin8 exPtatIOnS of evenl8 that are believed to rea59nabl¢ linder the circumstances, Critical a¢countin8 estimates and assumptions., The ¢liarity Inlkes e5timat¢5 and assumptions conceming th¢ futur¢. The resulting &ccountii)8 estimates and assiimptions will. by defiiiilion, seldoin equal the related Achial reyuhs. Howover, th¢ trnstees are of the opinion that th¢rB &r¢ no estimates and assumptions that have a $ignifi¢aiit ri$k of causing a material adjustment to the carryin8 ainount5 of 858¢ts and liabilities within the next financial y¢ar. (b) (c) (d) (fl (g) (h) Orlgin •nd Sour¢e Under the terms of her Will, Phylli8 (joldberg bequeatlied Eo the Trust the whole of h¢r shaTelioldin8 in Syono li)ve5tments Limited - 73,710 ordinary 5hare5 being 82D/& of tlie total issued capital. During the early part of 1992 Syona Investments Limiled pU$¢d ihe bal&nce of shar45 in issue with tlie resiill tliat the Trust thei) owned all the Shares ID tlie eompany. On 24 October 2008. Syona Ii)vestn)ents Limited was placed in Memb¢rs Voluntary Liquidation And the net realised 8ss¢ls wer¢ passed to the Trust.
THE SYDNEY & PHYLLIS GOLDBERG MEMORIAL CHARJTABLE TRUST NOTES FORMING PART OF TllE FINANCIAL STATEMENTS FOR TItE YEAR ENDED S APRIL 2025 {Cof4TI7ED) 3 Orlgin #nd Sollrce (CoDtinued) In addition to the bequest of sliares in Syona Investment& Liinited, Phyllis Goldberg beqiieathed lier residiiary estate to the Trust . subject to a lif¢ tenancy. The life tenant died in March 1992 and subseqLlently the re5iduary estate w)$ tranrferred to the Trust. 4 Cbaritable Actlvitirs Grantj Paid The British Staininering A890Ci&tion- To fund research into stammering and to 8lVC help and encouragement to stamm¢reis- Sydney Goldberg was a stammerer. Children with Special Needs Foundation - To support ehildren with special needs residing ID Surrey Heath and the immediately $iirrounding are&s. Fight Bladd¢r Cancer-To fvnd research into bladd¢r cancer and to provide patient- cenlred support and care. Life Centre- To provid¢ $uppoit to m¢n, women and children wl)o have b¢en raped or sexually &bused. Cliild Brain 1s]jury Trust- To provide support projects for childrnil ytsung people and their f4Tnilic5 from the onset of ohildhood acquired brain iiijury. Lisa May Foundation For distribution lo loc81 ¢haritieS that have a medicY41 disabilitylwelfare compoTJ#nt. M&tthewi Fri¢nd$- To increose th¢ awaren¢99 of the effKl$ of epilepsy in children and lo provide support and edLlCAte and gdvise on the welfare of the child. The tn¢redible Design CompADy, formerly Ch4iley Heritage Enterprise Centro- To support training 8Dd work experience for disabled adults. For 2025 also contributing towards tlie co31 of fitting out n¢w premises. Alzheimer5 Research UK- To fund reseai'¢h iiito dem¢nli4 BEATS . To contribute towards tlie c05t of establishing o midwifery clinic on Nia8 Island N8pal E&rthquake Appeal - To contribute towards rebuildin8 schoolg, constructing shelter home5 etc ITr rlbral areas Datum Foundation- To Bssist in various rnedical and school classroom building projects in Malawi. FTi¥nds of Cliildren in RDmE4ni&. To provid¢ funds to support a child,$ orphanage in Romania. The Dystonia Society- To nd rBsew¢li into dystonia and help sufferers from this neurological dis¢os¢. Tlie Sick Childron's Trust (Slevensoi) Hou To aid the recovery of seriously 115 childwi in hospital by pLVid1ng free close-by ¢0mMOdatIon for families. 2025 2024 Is,000 15,000 15.000 15.000 2,000 2,000 15,000 15.000 5,000 5,000 10,000 10.000 15,000 15,000 14.lJOO 5,000 4.000 s,000 3,000 10,000 10,000 3.000 5,000 5,000 5.0(KJ 8.000 3,000 122.000 3.000 115,000 (12}
THE SYDNEY & PHYLLIS GOLDBERG MT, mORIL CHARITABLE TRUST NOTES FORMIIqG PART OF THE FINANCIAL STATEMENTS FOR THE YEARENDED 5 APRIL 2025 (COIYTINUED) 5 Gt)veTll8Dee Cojts Mangement And Admlnl8trtlon 2025 2024 Audit fee {includii)g VAT) AdininistrBtioii and Accounting (includitt8 VAT} 1,890 9,328 1.218 1.800 9,307 6 Fln4nelAI Kn8trnmeTrti 2025 2024 Financial assets moosured Al fair value through Stntemeni of FiDanciil Activities Financial assets Ineasurcd at fair value 1hroU tlie Statement of Financial Activities ¢ornpris? investment8, 4,815,413 4,879,541 2024 7 1nYeitm•nts 2f125 Market value at 6 April 2024 Acquisition8 at cost Disposals At market valut Ngt (defititygain Markot Valy¥ *8 #t 5 Apyll 2025 4.879.541 201,028 (200,039} 65,117 4,815,413 4.536.061 213.653 (107.4041 237,231 4.879,541 IDvestrneNts At MArknt VolM• Comprlsed Quoted 2025 2024 UK Fixed Inteiut S¢curities UK Equitie$ &Dd Funds over¥8 Equities 480,796 3,545,629 788,988 4,815,413 428.143 3,663,144 788,254 4.879.541 The trLlStees oonsider the only material iovegkn¢nt holdings at the year end wore in AIIiADC8 Witan Pl¢, £375.303, being 7.80h and in Astrazene Plc, £259,392, FKing 5.4YD of tlie portfolio by value. Quoted investments ore registered in the name of an authorised noininee company. J M Filln & Co, who are only authorised to act on in$tru¢tions from th¢ trllstees. Th¢ nomirtee company provid¢5 & certificate in rclatiott to the In5)entS held by them on Eehalf of th¢ Trust. (13)
THE SYDf4EY & PHYLLIS GOLDBERG KEMORIAL CHARITABiS TRUST OTES FORMING PART OF THE FINANCIAL STATEMENrs FOR ThE YEAR ENDED 5 APRIL 2025 (CONTINUED) 8 TranJactlonJ wlth Tru8t¢ei And Conuteted P¢rgon8 The trUSt¢es received no emoluments or reimbursements of axpenses in the y¢ar. The following information ig BiV¢ll con¢erniThg other fees received by the ItllStees:_ Mr C S Pexlon is a partner i Begbie5 Cliurt¢red A¢countanls And Mr M J Cliiirch is a consultsnt. Bt8bies Chartered Ac¢ountAnls provide management snd accouiiting servioes to tlie Trugt. Durin8 tlie year, Begbies r¢eeived fees of £7.700 plus VAT (total £9,240) for Providing mana8ement and accounlin8 services to the Trust. Durin8 the year 8 grant of £1 5.000 WAS paid to Lifo Centre, a registeTed charity. Mr8 C Pextoii, wife of C J Pexlon (Trystee of the Sydney & Phyllis Goldbcrg Memorial Cliaritable Trust) is # tru51ee of Life Cenlre, although not involved in th¢ admini$trntioi) of tlie cliarity. (14)