REGISTERED CHARrrY NUMBER: 328313 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 FOR EH SMrrH CHARITABLE TRiIST Prlme Chartored Accountants 161 Newhall Street Birmingham B3 1SW EH SMITH CHARITABLE TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Page Report of tho Truste•s Ind•p•nd¢nt Examlnerfs Report statemont of Flnan¢lal ActIvI￿8 Balanc• Sh••t Cash Flow Slatemthrt Ilot•s lo th• Cash Flow 8tal•ment Notes lo the Flnanclal Slatsmènts 8 to 13 Dotalled Statrnnt of Flnanclal Actlvllle8 14 EH s￿TH CHARrrABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 The trustees present theif report with the financial statsments of the chaiity for the year ended 5 April 2024. The Irustees have adopted Ihe FYOVISMS of Accounting and RèpoTkng by Charities: Statement of Recommended Pract￿ aPpI￿le to chaiilies preparlng theif accounts in accordance Ihe Finanaal ReportiThJ Slandard applicable in th8 UK and Republc of Ireland (FRS 102) (effective 1 January 2019). The finandal 8talemenls hav8 b88n prepared in accordance ￿ the accounling PDlicies set out in notes lo the a¢iX)unts and Corn￿ with Ihe charws gcwemlng document. Ihe Charthes Act 2011 and Accounting and Rep1JrtW￿ by Charitps". Stalement of Recomffonded Practice appll&able lo charittes weparing Iheir accounts In 8￿c￿dan￿ with the Finandal RewbThJ Standard appkable in the UK ar¥J Repubuc of Ireland wbllshed in October 2019. OBJECTIVES AND ACTMnES The trust was established to make donatlons to d)arftable wganisatirM and lo rellv4e persons In p(N)r or 8traltened drcumstsnrAs or otherwlse In nead. The Irusl fuifis its obie¢tive8 Ihrough makn'ng. When planniNJ granl making advities for the year. the Trustees have considered Ihe Commission's guidance on public benefft. ACHIEVEMENT AND PERFORMANCE The trust has been able to rxffjtfftue lo make its grants In accordar￿ wilh the ￿eCtiVeS set. Dwing the year the trust fijffilled Its wbllc bonefit ams by making grants IAXalling £860.524 to Insbtutic￿S and individuals. The major Institutional recipients aro deta18d in note 7 to the acMunts. FINANCIAL REVIEW Rojerves pol¢y Th8 1rustee$ nK)nitor reseNes to ensure that sufficl8nt resour￿8 wll be avalable to meet plannod chaiilable expenditure. The net outgolro rèsources from the unrestrktod fund for Ihe year amounted to £181,788 (2023.. IncomlNJ £609.023). and Ihe fund balancè Carried forwwd at 5 Aprll 2024 Ss £2.165,746 (2023: £2.347.534). FirruRE PLANS The charity aims to ccrf)tlnue to provide support for th¢ kncai ¢ommunltie$. They aim to ring fence donalions next year for food vou¢her8 in order lo help in the cost ol IivFng cri%ts. STRUCTURE, GOVERNANCE AND MANAGEMENT The trust is an unlncoTporated trusL constliuted un(ler a Iwst deed 31 J￿Y 1989. amended by a supplemental deed dated 2007. and is Reglstered Charity number 328313. The trustee8 WIKI seNed during the year are shown above. The trustees *e appointed by Ihè Board of Trustees. The Irustees meet from ttme to time to agree the trusts ¢)verall strategy and area$ of actmty such as InVestn￿t. ￿ant makww. reserves and risk management. Th8 day lo day administration of granls elc Is carrFed out by the Trustees. The ind￿lI0n of a n8w lrnslee would be overseen by the TTUStees. Thls would invofve ensurlng thal they are aware of a trustee's respon8ibilitieB. the goveming documenL admlnlstrative procedures aNI Ihe philosophy behind th8 chawty. A new Irustee would receive wpies of Ihe previous yearfs annual repDrt and aLwints arKI lh8 ¢hwty commission leaflets whtch would assist them in carrying Iheir duties. The trustees have identified major rfsks whlch lh8 trust faces and procedures have been estsblished to manage those risks, REFERENCE AND ADMINISTRATIVE DEfAILS Règlstored Charity numbfyr 328313 Page 1 EH SMITH CHARITABLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 Prlnclpal •ddr•sS Weslhaven House Atleston Way Solihull 890 4LH Trusts•$ D P Ensell M J H H¢>dgskln-Brown A J Parker CLCave M D Leinster Ind¢pend•nt Examlner Morgan Davies FCA Prime Chariered A£countants 161 Newhall Str6&t Bimikngham B3 1SW Bankers Bardays Bank PLC.. 201 Stratrord Road, Shirley, SolihLdl. West Midlands B90 3AT Approved ty order of the board of trustees (m ... l! . Il: l•X . and $igned on its behaw by: D F• Ens811- Twstee Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EH SMITH CHARITABLE TRUST Ind•p•ndent examlnerfs roport to thè trustees of EH Smlth Chailtabl• Trust l ieport lo the charity Intslee8 on my 8xamNialb)n of the accounts of EH Smlth Charitabkn TNSI (tho Trust) for yew ￿ded 5 Aprfl 2024. R¢sponsibi1511es and basls ol report As the charity trustees of Ihe Trust you are responsible for Ihe preparation of the accounts in accordance with requirements of the Ch*ilies 2011 Ohe Acl'>. l ￿port wi resFect of my examffplion of Ihe Trusvs accounts carried oui under Seciion 145 of the Act and in canylng out my examination I have followad all applicable Directions giv8n by the Charity Commlsslon urKJer Section 145(5Xb) of Ihe Act. Indepondenl 8xamln*¥ st*enwnt Sinc* your dwitys gTQSS income exceeded £250.000 your examiner must be a member of a listed body. I confirm Ihat l arn qtsalified to undertake the exarninalion because l am a rnembei of the In$16tute of Chartered Accounlants in England and Wal8s. whlch Is one of the listed b&Jies. I have completèd my exarnination. I confinn Ihat rK* malerial matters have com8 to my aitention in connection with Ihe ex￿)inat￿l￿ givlng me cause to believe that in any material respect: 8CClXnting re¢ord$ were not kepl in respect of the TNst as requlred by Se¢tK)n 130 of the Act; or the acccwnts do not accord with those records; or the a¢counts do not comply w5th the appl￿ble requirements conceming Ihe fonm and CQfbtenl ¢1 accounts set out in the Charitios (Accounts and Reports) Regulations 2Q)8 other Ihan any requireffffit Ihat the accounts give a Irue and fair view vthlch Is not a matter considered as part ol an Indepermlent examlnatlon. I have no concems and have Ixme across no other matters In Comection with the examlrlatlon to vth attention shwld be dThqwn in thi5 report in owder to enab￿ a proper understanding of Ihe accounts lo be reached. Davw FCA 14ime Chartered Accountants 161 Nevthall Streel BirmlrwJham B3 1SW Page 3 EH SMITh CHARITABLE TRUST STATEMENT OF FINANCIAL ACTMnES FOR THE YEAR ENDED 5 APRIL 2024 2024 Tolal funds 2023 Total funds Urwestrthd Restricted fund funds INCOME AND ENDOWMENTS FROM Donations and legacies 650,000 650,000 1.001.785 Investm8nt Inco 41,153 41,153 20,072 Total 691,IS3 691.153 1.021,857 EXPENDrruRE ON Raising funds 7,641 7,641 932 Charltable actlvltlos Grants Payable Manag8m8nt & Administration 860,524 860.524 4,776 534.778 12.124 Tot41 872,941 8n,941 547.834 Net gains ￿ Inveslments 135,C￿0 NEf Tr1COMEI(E￿vEN0lTVRE (181.788) (181,788) 609.023 RECONCILIATION OF FUNDS Total funds brought foThvard 2￿7.534 2,347,534 1,738,511 TOTAL FUKIS CARRIED FORWARD 2,165,746 2,165,746 2,347.534 The notes fomi part ol these f￿￿cIal slatements Page 4 EH SMITH CHARITABLE TrUST BALANCE SHEET S APRIL 2024 2024 Total fund$ 2023 Total funds Unrestricted furNJ Restrlcted fvrKIs Notes FIXED A88ET8 Investmènt propety 12 675,000 675.000 675.000 CURRENT ASSETS Cash at bank 1,491,706 1 A91,706 1,677,334 CREDrroRS Amounts falling due wllhln one year 13 1960) (4.800) CiIRRENT ASSETS 1A90,746 1,490.746 1,672,S34 TOTALASSETS LESS CURRENT UABIUTIES 2,164746 2,165,746 2,347.534 KEf ASSETS 2,164746 2,165,746 2,347.534 FUNDS Unrestrlcaed funds 14 2,16&746 2.347.534 TOTAL FUNDS 2,16S746 2,347,534 financial Slatements were apKYoved by the 80￿d of Truslees and aulhorlsed for issue on .1.!• i*a.Y.......... and were slgned ¢)n Ils behalf by: C) P Ensell - TNstee The notes fonn parl of these financial siatements Page 5 EH SMITH CHARITABLE TRUST CASH FLOW STATEMEwr FOR TrIE YEAR ENDED 5 APRIL 2024 2024 2023 Notes Cash Ilows from opor•Ung actlvlllos Cash generated from operations Financ* costs pald 1226,7661 (15) 458,136 (225) Net cash (used Inyprovlded by oper￿Ing aclivilies 1226,781) 457.911 Cash Ik>ws from Investlng a¢lMtI Rents recelved Interest received 15,499 25,654 15.245 4,827 Net cash provide(I by investlng actlvltles 41,153 20,072 Chang• In Gash and cash equfvalants In rwortlng prfod Cash and cash equlvalents at tho b•glnnlng of th• rwrtlng porlod (185.628) 477.983 1,677.334 1,199.351 Cash and ca8h qquival•nts at th• end of the r•portlng pwknd 1,491.706 1.677.334 The notes fom part ol these financial Statements Page 6 EH SMITH CHARrrABLE TRUST MOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 5 APRIL 2024 RECONCILIATION OF NET (EXPENDITUREIANCOME TO NET CASH FLOW FROM OPERATING ACTNMES 2024 2023 N•t (6xpondllweylncoTh for thé ￿Po￿Trg prfod (as por th• Statffiwnl of Flnan¢lal A¢tlvltl•$) AdJu8tmenl$ for: Interesl ie¢eived Finance cosls R8nts received RevaFualon of investments {DecreaseVlncrease in ¢roditors (181,7881 609,023 (25,6541 15 (15N99) (4.827) 225 (15.245) (135.(M)O) (3,840) N•1 cash (u$ed Inyprovld•d by operatlon$ (226,766) 458,136 ANALYSIS OF CHANGES IN NET FU14DS At 6.4.23 Cash fiow Al 5.4.24 Net ca6h Cash at baThk 1,677J34 1185,628) 1,491,706 1,677J34 (185,628) 1.491,706 Total 1.677,334 1185,628) 1.491,706 The notes fom) part of these financial statements Page 7 EH SMITH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 STATUTORY INFORhlATION E H SrnSth ChJlt* TTust Is an unlncorporated tha￿ty, regislwed In England and Wales and Is Registered Charity number 328313. The principal address is Westhaven House, Arl8ston Way, Sollhull. B90 4LH The PTesentatlon currency of the fmandal statsments is the Pound Sterllng {£). The Ilgures In these ac£*unts are rounded to the nearest vthole Pound. ACCOUNTING POLICIES Basls of prèparlng lh• Ilnanclal statèmonts The ffinancial slalements of the chanty. ￿lch Is a wblc benefit entity under FRS 102. havo Lwn epared in accordance with Charities SORP (FRS 102) 'AcciyJnting arKI Rep￿￿ng by Charitl8S: ststemgnt of Recommended practi￿ applicable to charities prewing their acLounts in accorda wilh Ihe FSnan¢ial Reporting Standard appli¢able in the UK and RepUbr￿ of Ireland (FRS 102) {8ffectlve 1 j￿Uary 2019),, Flnan¢ial Reporting Standard 102 The Flnandal Rewting St￿M￿ard applicable In the UK and RepublSc of Ireland, and th8 Charities Act 2011. The firwaal slatements have been prepared under the hlstrAkal cosl convention, as modlfied by the revaiuallon of certah as$8ts. Incoff All incom81s racognlsed in Ihe Statem8nt of Flnanclal Actithlles once the cha￿ty ha$ entlllem8nt to the funds.11 Is probable that the Inrjjmo will re¢eived and the amunt Can be measured rellably. Expendllurn Liabihtles are recognlsed os exF*nrfthire as soon as there 13 a legal or ¢IMtn￿ve oblig*Fon ¢c¥nmllling the tharity to thal expenditure. 11 ts probable that a transfer of economic kneffts wll be required in settlement and the amount of the obfigaliM can be measured reliably. ExperKllture Is accounled for on an aG¢ruals basis and has been classFfied under headings Ihat aggregatè all cnst rékted to the Ggt8gory. Where wsts cannot be dlracty aNrknJted to particular heathngs they have b88n alocated to actNities on a basis consistent with the of re80urce8. Grants offered subject to ￿nditionS which have not been met at the year date are noted as ¢(Jnmilment but rnl accru8d as &xp￿di£￿te. Govèrnan￿ cost8 Govemance costs include all costs invofvlng the publc accountabllty of tharity and its compliance h regulation and good pkqctice. These costs cosls related to th8 independenl oxamlners report and other sundry expenditure. Fixed asset Investments Investment property Is shown al most recent valuatlon. Any aggfegate surplus or deficit arising from changes In falr value Is rewnised in the Stalamenl of Financial Adivltie8. Taxatlon Irrecoverable VAT 1$ ¢h8rged to the category of expendiiwe for ￿1¢h h Is incurred. Flxed asget Invostmonls Fixed 85set investmènts s￿ slated al the mafkel valug. Any galn or10ss on revaluation Is laken to Ihe Stalement of FEnan¢lal Aclivilies. Page 8 continued... EH SMITH CHARITABLE TRUST NOTES TO THE FINANCLAL STATEMENTS - contlnuod FOR THE YEAR ENDED S APRIL 2024 DONATIONS AND LEGACIES 2024 2023 Donatians 650.000 1.001.785 INVESThIENT INCOME 2024 2023 Rents received Deposlt ac£ount intwest 15,499 25,654 15,245 4.827 41,153 20.072 RAISING FUNDS Inv05tment managornont Costs 2024 2023 Property reparJ 7.641 932 CtrWRrrABLE ACTIVTfiES COSTS Grant fundlng of adlvllies {see note Support costs {see note 8) Dire Cosls 7) Totals ants Payable Managem&nt & Adminlstrallon 860.524 860,524 4.776 3.816 3016 860.524 865.300 GRANTS PAYABLE 2024 2023 Grants PayaNe 860,524 534,778 Page g continued... EH SMITH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 5 APRIL 2024 GRAKfs PAYA8LE- ¢onllnu•d The total grants paid to Institutions duriThJ the year was as follows: 2024 2023 B30 Fcodbank Chelrnsfood F(x)dbank Chiliem Foodbank Crisls Hornelessng5s fjwty Communty Essentil81s CIC Edge Acaderny Erdington Foodbank Feed Ihe ￿ngry UK- Coventyfoodbank pr*cl Hackney Foo¢dbank Longmeadow al01n￿ts Mary Stevens Hosplce Narthex Sparkhill PCC f(Y Wesl ￿dIand5- Teamworx l All8tars Quinton and Oklbury Foodbank Rugeby Communlty Chruch Ltd Save The CtMldr8n Shvl&y Foodbank St Bamabas Cl￿r¢h Kingshurst FoodBa Teenage Cancer Trust 36 Broadhurst Green Olher 15.000 15,000 15.000 10,000 14lXIO 1IlX)O 15,IXIO 15,000 15,000 16,ID3 15.000 15.000 15.000 10.000 15,000 15.000 15,000 15,ODD 10,250 15.000 15,000 10,IJOO 15.000 15,000 15,000 15,000 10,000 15.000 15.000 93.447 9.199 172.242 15,000 15.000 185.964 418057 485.138 The total wants pald to iThlivKluals during the yw was as folbxB: 20Z4 2023 Fotyj vouthers 442A67 49.356 SUPPORT COSTS Govemance Management & AdmlnistratK 960 Page 10 continued... EH SAIITH CHARfTABLE TRUST 140TES TO THE FINANCIAL STATEMENTS - ￿ntInUed FOR THE YEAR ENDED 5 APRIL 2024 SUPPORT COSTS - contlnued Supwl costs, wiGluded In the above, are as follows: Governan￿ costs 2024 2023 Manag8menl Total & AdministratiLM acttvities Independent examinalion Audil TRUSTEE* REMUNERATION AND BENEFITS There wèrè no trustees. remuneration or ottier benefits lor the year ended S April 2024 Thjr for the year 6rthd 5 Aprll 2023. Trustees. expons•s There were no trusteos. expenses paid for Ihe year ended 5 April 2024 nor for the year ended 5 April 2023. 1Q. TAXATION The fund Is a registered ch￿lty. nLmtsr 328313. and IB exempl from Income T&x and Capltal Gains Tax. 11. CONNECTED CHARITY The charity shwes admlnlstratlve facilti¢s with The Howard Charitabl8 Trust, whi¢h ha5 a number of related objects and activities, 12. INVESTMENT PROPERTY FAIR VALUE At 6 Aprll 2023 arKI 5 April 2024 67S.000 NET BOOKVALUE At 5 Aprtl 2024 675.000 At 5 Aprll 2023 675.000 The irNestrnenl properties were valued by the Twstees on an open market basi$. Falr valu8 at 5 April 2024 is repr8sented by: Valualion in 2023 Cost 135.000 340.000 675,000 Page11 continued... ÉH SMITH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS - ￿ntInu•d FOR THE YEAR ENDED 5 APRIL 2024 13. CREDm)RS: AMOUNTS FALLING DUE WtfHIN ONE YEAR 2024 2023 expenses 4.800 14. MOVEMENT IN FUNDS Ng1 movement In funds At 5.4.24 At 6.4.23 Unr••trictsd funds General fund 2.347,534 (181,788) 1165,746 TOTAL FUNDS 2,347,534 (181,7881 1165,746 Net ffovthrvènt In fvnds, In¢￿ded in the above are as follows: Incomlng resources Resources Movement axpended in funds Unrostrlctsd fvnds General fund 691.163 2,941) 1181,788) TOTAL FUNDS 691,153 (8n,941 I (181,788) Comp•rntlve8 for n￿Ont In lunds movement In funds At 6.4.22 5.4.23 Unro$trlct•d lund• General fund 1,738,511 609,023 2.347.534 TOTAL FUNDS 1,738,511 609,023 2.347.534 Page 12 continued... EH SMITH CHARITABLE TRUST NOTES TO THE FINANCIAL STATEIAENTS - ¢ontlnu•d FOR THE YEAR ENDED S APRIL 2024 14. MOVEMENT IN FUNDS - contthued Comparainie n8t movement in funds, Induded In the above are es follows: Incoming resour Resources Galns and Movement expended In funds Unrestrlctod ￿ndS General fund 1.020,072 (546.049) 135,000 609.023 Rostrlcto(I funds Teenap Cancer Trust 1.785 (1,785) TOTAL FUNDS 1.021,857 (547,834) 135.000 609.023 15. RELATED PARTY DISCLOSURES Donalions receivab18 Indudes £850.000 (2023.. £1.Crt)O.000) from E H Smith {BuMders Merclwnts) Llmlted. a company wilh whom the truslees are assodated. Grants payable Includes th8 cost of bull ding products supplied to various charities. These have been awlred from E H Smlth (Bullders Me￿hants> Limited. a cornpany whh whom the tn￿teeS are asso¢kted. Thg total amount for the was £59,301 (2023: £35,330). ExperKIIIum Iyt ralslng funds is mad8 up of prop8ty repairs to the inveslfnenl properties, whith hKludes charges for rnantenance V•Y)rk. Thes8 have been charged by E H Smith (Westhaven) LI￿￿ted nd E H Smith Fbldlngs Umited. companies with whom the trustees are a&80¢iated. The totsl amount for ts year was Nil (2023: £148}. Page 13 EH SMITH CHARITABLE TRUST DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legaclg5 Donations 650,000 1.001,785 Investm￿lt In¢omo Rents received Deposit acc 474,D23 Unrèalisod r￿QgnISed galns and losseB Unr8als8d galns (106ses> on Inv8stff*nts 135,000 Nèt {expendllureylncom• (181,788) 609.023 Thls page does not fom part of the statutory financial stateM￿ts Page 14