SPEAR TRUST
Accounts
For the year ended 31 May 2025
Spear Trust
Summary information the year ended 31 May 2025
1 Constitution
Spear Trust is constituted by a Declaration of Trust and is a registered charity.
2 Registered number
326696
3 Address
26 Old Hall Road Salford Manchester M7 4JH
4 Trustees during the year
Rabbi A. Jaffe Rabbi D. Jaffe Rabbl S. Jaffe S. Jaffe
§ Agents and Advisers
Independent Examiner Gary Harris FCA Chartered Accountant Brulimar House Jubilee Road M24 2LX
2
SpearTrust
Index to the accountsfor the year ended 31May[2025]
| Page | |
|---|---|
| Independent Examiner's Report | 4 |
| Trustee's Report | 5-6 |
| StatementofFinancial Activities | 7 |
| Balance Sheet | 8 |
| AccountingPolicies | 9 |
3
Spear Trust
Independent Examiner’s Report to the Trustees of Spear Trust
| report on the accounts of Spear Trust Charity for the year ended 31 May 2025, which are set out on pages 2 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed.
Itis my responsibility to:
-
e examine the accounts under section 145 of the 2011 Act;
-
® to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
e to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the 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 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such 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 limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- e to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2} to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
veces cussedensssaseensssecssessssessatscstsssstsstsestsssseieeeees Date 23/02/2026
Gary Harris FCA Chartered Accountant Brulimar House Jubilee Road M24 2LX
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Spear Trust Financial Statements year ended 31/05/2025
The trustees have pleasure in presenting their report and the financial statements ofthe charitable trust for the year ended 31 May 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' March 2011 in preparing the financial statements of the Charity.
OBJECTIVES
For the benefit of such one or more charitable institutions, charities or charitable purposes in any part ofthe world in such shares and in such manner as the trustees in their absolute discretion may from time to time determine.
TRUSTEES - PUBLIC BENEFIT
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity’s aims and objectives and in planning future activities and setting grant making policy for the year.
The trustees have complied with their duty of the Charities Act 2011 to have due regard to guidance published by the Charity Commission.
The board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
RESERVES POLICY
The trustees are satisfied that the balance of the Fund is at an acceptable level of reserves and all of this is available for future grants payable.
RISK MANAGEMENT & REVIEW
The trustees have reviewed the major risks to which the charity is exposed, in particular those related to the operations and finances ofthe Trust, and are satisfied that systems are in place to manage their exposure to the major risks.
PLANS FOR FUTURE PERIODS
The trustees plan to continue provision of funds in line with the declaration of trust and pursue those objectives and projects with all the resources available to the charity
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REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS
Spears Trust received donations and grants in the year of £25,000 (2024 : £8,860) and charitable expenditure was £9,240 (2024 £16,160), Interest received was £82 (2024 : £37). The balance on the accumulated fund was £374,156 (2024 : £358,3 14)
RESPONSIBILITIES OF THE TRUSTEES
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the net incoming or outgoing resources for the year then ended.
In preparing those financial statements, the trustees are required to select suitable accounting policies, as described on page 9, and then apply them on a consistent basis, making judgments and estimates that are reasonable and prudent. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity wiil be able to continue.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets ofthe charity and hence for taking reasonable steps for the detection of fraud and other irregularities.
SIGNED ON BEHALF OF THE BOARD OF TRUSTEES:
Rabbi A Jaffe (Trustee)
23" February 2026
|
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SPEAR TRUST
Statement Of Financial Activitiea For the year onded 34et May 2028
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOMINGRESOURCES | ||
| IncomIng resourcesfrom generated funda | ||
| Grants/donations Bank Interast |
25,000 82 25,082 |
8,660 KYé 8,897 |
| Leas Expenditure | ||
| Donations Accountancyfees Total resourcessxpenged |
8,880 380 9246 |
15,800 360 16,160 |
| Incomeover Expenditure | 15,842 | (7,263) |
| Accumulated reserves | ||
| as at 1 June2023 Addsupiuslessdeficitfortheyar asat31Mey2024 |
368,314 15,842 374.156 |
365,577 -7,263 365314 |
The statement of flnanclal activities includes all gains and losses in the year and therefore a atatement of total racognised gains and losses has not bean prepared. All of the above amounts relate to continulng activitias.
Page 7
SPEAR TRUST Balance sheet As at $tot May 2026
==> picture [398 x 225] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|Tangihis Asasta|
|Fraehold|land and buildings|427|554|427,554|
|Computer suite|58.688|58 686|
|486,242|486,242|
|Curret|Ageate|
|Bank|account|18|774|2.782|
|LESS|CURRENT|LIABILITIES|
|Trade|craditers|360|720|
|Loans|127,606|430,060|
|127,860|430,720|
|“874,158|356,314|
|——|or|Za|
|Represented|by -|
|Accumulated fund|374 188|___|358,314|
----- End of picture text -----
The financial statements were approved by the Board of Trustees on 23/02/2026 and were signed on its behalf by:
ON BEHALF OF THE BOARD:
Rabbi A Jaffeine IN
Pags 8
SPEAR TRUST
Notes to the Financia! Statements For the period ended 31st May 2025
1. ACCOUNTING POLICIES
Accounting convention
The financial statemants have been prepared under the historical cost convention and in accordance with the statement of recommended practioe: Accounting and Reporting by charities preparing thelr accounts in with the financial reporting standard applicable In the Uk and republic or Ireland (FRS 102) Issued on 16 July 2014, and with the Charities Act 2011
Donations
Donations are Included in the yaar in which they are received, which Is when the charity bacomes entitied to the resource.
Resources expended
All expenditure is accounted for on an accruals basic, Charitable expenditure includes all axpanditura directly related to the objects of the charity in accordance with the SORP. The charity is not VAT registered and expenditure is shown gross irrecoverabla of VAT.
Taxation The charity fe exempt from tax on Its charitable activities,
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the dlacration of the trusteas.
Restricted funds can only be used for particular rastricted purposes within the objects ofthe charity. Restriction arises when specified by the donor or when funds are raised for particular rastricted purposes. Further explanation of the nature and purpose of each each fund is included In the notes te the financial statements.
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