THE SYDNEY & PHYLLIS GOLDBERG
REPORT AND FjNANC￿L 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$ent Ilieir report together with the financial sl8temeDts of the charity for the year ended 5 April
202S. The fiiiancial 8tatem¢tkts h8v8 been prepared in accordan¢¢ with the Statement of Recommended
Plzcliee applicable to ch&rities preparing their accounts ip accord8nce wirh applicable14w ai)d Unilcd Kingdom
Accounting Standard8, iiieluding Financial Reporting Staiidord 102 The FiTLancial Reporting Slandard
applicable in the UK and Republic of Ireland (United K.iRgdom G¢i)erally AccepLcd A¢counting Practice) and
comply with th¢ ¢l)aritgs ITUSt de¢d and tlie Cliarities Aci 2011.
Ix8#l And AdmlM18trAtlve I￿roym￿lI0
Truitee8
M J Church
C J Pexton
PrlncipAI Offlee
9 Bonhill Street, London, EC2A 4DJ
CbArltyNumber.' 291835
A¥dltori
RPG Crouch ChapM￿ LLP. 40 Gra¢echu￿￿ Street. London BC3V OBT
B*nken
HSBC Bank Pl¢. 28 Boroiigh High Stre¢t, Southwark, Lortdon, SEI IYB
InV￿lmeDt Advl80rn
J M Finn & Co. 60 Abbeygate Street, Bury St Edmund4 SuffolK tP33 ILB
Stru¢ture GoveniAn¢e *Dd MAnA¥emeDt
Tru$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 ch￿lty. 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
8ccol￿an¢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$tently?
b) observ¢ th¢ methods and principles in the Y4pplicAbl¢ Charities SORP.
¢) rnake jud8emeii15 and e81imates that ar¢ reasonllble and prudenl.
d) state whether applicable aecountln8 Standards have been followed, Subject tts any mAteri&l departures tlJ41
Illu￿ b¢ dis¢108ed and expl&ined in fiiiancial statements.
e} pr¢pare the financial st&teinenty on the going concern basis un1¢88 it iy inappropriat¢ to assume thpdt tho
h*rity will Continue in operation.
Tho trustees are resportsible for keepin8 propel. a¢¢ountin8 records that disclose with feasonable a¢¢ura¢y &t
4ny tiine tlie financial position of tl)e eli81.ity and to enable them to ensure that tli¢ financial stalom¢nts comply
witli the Charities Act 2011. the Applic&bl¢ ChAriti¢s {Ac¢ounts ￿ld Report5) R¢8uIBÉions. and ihe Provisions of
the Trust De¢d. They are atso responsible for 5&f¢BuoTding the ag8ets of the charity and tsking re8sonable
gteps for the pitventioii And detection of fraud or other irreAulAriti¢s.
StAtement otDls¢1o8ure ¢0 Audltoro
So far as the ti'ustees are aw&re, th¢rt Is no relevant audit information tsf whiGli the ¢harity$ auditors a
unaware. Additionolly th¢ tnJsle¢5 h*ve taken all Ilie steps they ought to I￿ve 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 CllAR￿ABLE 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 ch￿Ity'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 r￿PonsIbl11ty 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 aPp￿Tellt 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 det￿1 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 (CO￿tin￿ed)
We designed audit pir)ceduTes to respond tts tho risk. reCO￿lSing that the risk of not det￿tIng 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$, Annual Report is incon5iStent in any m&terial resp¢ct with the
rinoneihl 5tatement9' or
su￿1¢It￿t accounting recoi'd9 have not been kept,. or
the finencial stAtem¢nts are nol in a8re¢ment with the Accountin8 records and rcturns. or
we have not received all the inforn]ation and explanations we require for oiir &udit.
Responglblllty of the Truste¢•
A5 expl&ined more fi)Ily in the Trustee8' Responsibilities StY¢temen¢ set out on p￿e 4, th¢ Trusl¢es are
responsible for the prepBration of the fin4ncial statements And for bein8 satisfied that tliey give & true and
foil- view. and for sucl) IDternal control a5 the Trustees determine is necessary to enabl¢ the preporatiOTL of
the financial statements th)t ore fret from mterial misst8tement, whether due to fraLid or error.
ID preparing the financiv41 statemcnts. the Trust¢¢s are re$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 flnADei*l sta*emeDtg
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 It￿1 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 ￿0￿0M1¢ 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 CHAR￿ABLE 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
Tot*1 IDcom•
134,383
Exptllditure
Co¥tg of Generating Funds
Investment Mailagement Co8ts
Clwi*able 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 repres￿18 dividend& donations under gift aid provi$iony ond
inter05t receivoble ia the year,
Expenses ar¢ 8ceouiited foT wlien pBiO and include valiie add?d tax.
Fix¢d asset illVe51ments are E4 form of finai1¢ial instrument and 8r¢ included ITh the BalaDC¢
Sliect at foir value. Realised and iinirAlised 8ain5 in¢liid¢d ii) th¢ Stat¢meni of
Financiol Activilies. Apart fix)IM investi￿entS. the eharity only has financial assets #lid of a
kind th&1 qualify as bAsic finai)ci&l instriimen15. Basic financial instrumenls ai'¢ ii)iti4lly
recogni5¢d al trAn$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 statel￿ent 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
f￿10l￿, in¢ludin8 exP￿tatIOnS 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
{Cof4TI7￿ED)
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 pL￿Vid1ng 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, mORI￿L CHARITABLE TRUST
NOTES FORMIIqG PART OF THE FINANCIAL STATEMENTS
FOR THE YEARENDED 5 APRIL 2025
(COIYTINUED)
5 Gt)veTll8Dee Cojts
Man*gement And Admlnl8tr*tlon
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 In￿5￿)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)