REGISTERED CHARITY NUMBER: 328313
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
FOR EH SMITH CHARITABLE TRUST
Prime Chartered Accountants 161 Newhall Street Birmingham B3 1SW
EH SMITH CHARITABLE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
| Page | |||
|---|---|---|---|
| Report oftheTrustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| DetailedStatementofFinancialActivities | 12 |
EH SMITH CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
OBJECTIVES AND ACTIVITIES
The trust was established to make donations to charitable organisations and to relieve persons in poor or straitened circumstances or otherwise in need. The trust fulfils its objectives through grant making. When planning grant making activities for the year, the Trustees have considered the Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
The trust has been able to continue to make its grants in accordance with the objectives set. During the year the trust fulfilled its public benefit aims by making grants totalling £567,631 to institutions and individuals. The major institutional recipients are detailed in note 5 to the accounts.
FINANCIAL REVIEW
Reserves policy
The trustees monitor reserves to ensure that sufficient resources will be available to meet planned charitable expenditure.
The net outgoing resources from the unrestricted fund for the year amounted to £360,204 (2024: £181,788), and the fund balance carried forward at 5 April 2025 is £1,805,542 (2024: £2,165,746).
FUTURE PLANS
The charity aims to continue to provide support for the local communities. They aim to ring fence donations next year for food vouchers in order to help in the cost of living crisis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The trust is an unincorporated trust, constituted under a trust deed 31 July 1989, amended by a supplemental deed dated 2007, and is Registered Charity number 328313. The trustees who served during the year are shown below. The trustees are appointed by the Board of Trustees. The trustees meet from time to time to agree the trusts overall strategy and areas of activity such as investment, grant making, reserves and_ risk management.
The day to day administration of grants etc is carried out by the Trustees. The induction of a new trustee would be overseen by the Trustees. This would involve ensuring that they are aware of a trustee's responsibilities, the governing document, administrative procedures and the philosophy behind the charity. A new trustee would receive copies of the previous year's annual report and accounts and the charity commission leaflets which would assist them in carrying out their duties.
The trustees have identified the major risks which the trust faces and procedures have been established to manage those risks.
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EH SMITH CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED5 APRIL 2025
_——————
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 328313
Principal address Westhaven House Arleston Way Solihull B90 4LH
Trustees D P Ensell M J H Hodgskin-Brown A J Parker CL Cave M D Leinster
Independent Examiner Vivian Shadbolt BSc FCA Prime Chartered Accountants 161 Newhall Street Birmingham B3 1SW
Bankers Barclays Bank PLC., 201 Stratford Road, Shirley, Solihull, West Midlands B90 3AT Approved by order of the board of trustees on LS Novemay/ 20r0 and signed on its behalf by:
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Date: oon. 17 November 2025 cesceseceeseeseceseseresereves
EH SMITH CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
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||||||||
|---|---|---|---|---|---|---|
|ee|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations and|legacies|184,976|1,678|186,654|650,000|
|Investment|income|3|38,856|-|38,856|41,153|
|Total|223,832|1,678|225,510|691,153|
|EXPENDITURE|ON|
|Raising|funds|4|§,235|-|§,235|7,641|
|Charitable|activities|
|Grants|Payable|565,953|1,678|§67,631|860,524|
|Management & Administration|12,848|-|12,848|4,776|
|Total|584,036|1,678|585,714|872,941|
|NET INCOMEKEXPENDITURE)|(360,204)|-|(360,204)|(181,788)|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought forward|2,165,746|-|2,165,746|2,347|534|
|TOTAL FUNDS CARRIED FORWARD|1,805,542|-|1,805,542|2,165,746|
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The notes form part of these financial statements
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EH SMITH CHARITABLE TRUST
BALANCE SHEET
5 APRIL 2025
Sees
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED ASSETS|
|Investment|property|10|675,000|-|675,000|675,000|
|CURRENT|ASSETS|
|Prepayments and|accrued|income|184,476|-|184,476|-|
|Cash|at bank|947,986|-|947,986|1,491,706|
|1,132,462|-|1,132,462|1,491,706|
|CREDITORS|
|Amounts|falling|due within|one year|11|(1,920)|-|(1,920)|{960)|
|NET CURRENT ASSETS|1,130,542|-|1,130,542|1,490,746|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|1,805,542|-|1,805,542|2,165,746|
|NET ASSETS|1,805,542|-|1,805,542|2,165,746|
|FUNDS|12|
|Unrestricted|funds|1,805,542|2,165,746|
|TOTAL FUNDS|1,805,542|2,165,746|
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The financial statements were approved by the Board of Trustees and authorised for issue on AR..Natdmde0.2228 _.....and were signed on its behalf by:
The notes form part of these financial statements
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EH SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
-
ACCOUNTING POLICIES
-
STATUTORY INFORMATION
E H Smith Charitable Trust is an unincorporated charity, registered in England and Wales and is Registered Charity number 328313. The principal address is Westhaven House, Arleston Way, Solihull, B90 4LH
The presentation currency of the financial statements is the Pound Sterling (£).
The figures in these accounts are rounded to the nearest whole Pound.
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of lreland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Governance costs
Governance costs include all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examiners report and other sundry expenditure.
Fixed asset investments
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
Irrecoverable VAT is charged to the category of expenditure for which it is incurred.
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EH SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED § APRIL 2025
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|3.|INVESTMENT|INCOME|
|2025|2024|
|£|£|
|Rents|receivable|15,777|15,499|
|Deposit|account|interest|23,079|25,654|
|38,856|41,153|
|4,|RAISING|FUNDS|
|Investment management|costs|
|2025|2024|
|£|£|
|Property|repairs|5,235|7,641|
|6.|GRANTS|PAYABLE|
|2025|2024|
|£|£|
|Grants|Payable|567,631|860,524|
|The total|grants|paid|to|institutions|during|the|year was|as|follows:|
|2025|2024|
|£|£|
|B30|Foodbank|15,000|15,000|
|Chelmsfood|Foodbank|15,000|15,000|
|Chiltern|Foodbank|15,000|15,000|
|Crisis|Homelessness|Charity|10,060|10,000|
|Community|Essentials|CIC|15,000|15,000|
|Edge Academy|-|16,000|
|Erdington|Foodbank|15,000|15,000|
|Feed|the|hungry UK|- Coventry foodbank|project|15,000|15,000|
|Hackney|Foodbank|15,000|15,000|
|Longmeadow|allotments|-|16,093|
|Narthex|Sparkhill|15,000|15,000|
|PCC|for West|Midlands|- Teamworx|/|Allstars|-|10,000|
|Quinton|and|Oldbury Foodbank|15,000|16,000|
|Rugeley Community Church|Ltd|15,000|15,000|
|Shirley|Foodbank|15,000|15,000|
|St|Barnabas|Church|Kingshurst|FoodBank|15,000|15,000|
|Other|178,572|185,964|
|368,572|418,057|
|The|total|grants|paid|to|individuals|during|the|year was|as|follows:|
|2025|2024|
|£|£|
|Food vouchers|197,381|442,467|
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EH SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED§ APRIL 2025
en
6. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management £ |
costs £ |
Totals £ |
|
| Management & Administration | 10,088 | 2,760 | 12,848 |
| Support costs, included in the above, are as follows: | |||
| Management | |||
| 2025 | 2024 | ||
| Management | Total | ||
| & Administration | activities | ||
| £ | £ | ||
| Computer software | 3,240 | 2,100 | |
| Postage and stationery Sundries |
6,801 10 |
1,556 145 |
|
| Bank charges | 37 | 15 | |
| 10,088 | 3,816 | ||
| Governance costs | |||
| 2025 | 2024 | ||
| Management | Total | ||
| &Administration | activities | ||
| £ | £ | ||
| Independent examination | 1,920 | 960 | |
| Independentexamination -underaccrual | 840 | - | |
| 2,760 | 960 |
T. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
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EH SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025
8. TAXATION
The fund is a registered charity, number 328313, and is exempt from Income Tax and Capital Gains Tax.
9. CONNECTED CHARITY
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The charity shares administrative facilities with The Howard Charitable Trust, which has a number of
related objects and activities.
10. INVESTMENT PROPERTY
£
FAIR VALUE
At 6 April 2024
and 5 April 2025 675,000
NET BOOK VALUE
At 5 April 2025 675,000
At 5 April 2024 675,000
The investment properties were valued by the Trustees on an open market basis.
Fair value at 5 April 2025 is represented by:
£
Valuation in 2023 135,000
Cost §40,000
675,000
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Accrued expenses 1,920 960
12. MOVEMENT IN FUNDS
Net
At 6.4.24 movementin funds 5.4.25At
£ £ £
Unrestricted funds
General fund 2,165,746 (360,204) 1,805,542
TOTAL FUNDS 2,165,746 (360,204) 1,805,542
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EH SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 5 APRIL 2025
ee
12. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General fund|223,832|(584,036)|(360,204)|
|Restricted|funds|
|Woodland|Trust|1,678|(1,678)|-|
|TOTAL FUNDS|225,510|(585,714)|(360,204)|
|Comparatives|for movement|in|funds|
|Net|
|At|6.4.23|movementin|funds|5.4.24At|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,347,534|(181,788)|2,165,746|
|TOTAL FUNDS|2,347,534|(181,788)|2,165,746|
|Comparative|net|movement|in|funds,|included|in|the above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|691,153|(872,941)|(181,788)|
|TOTAL FUNDS|691,153|(872,941)|(181,788)|
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Purpose of restricted funds
Woodland Trust
Monies received from community to visit and purchase items from 'The Walled Garden’ which was subsequently all sent to The Woodland Trust.
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EH SMITH CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED § APRIL 2025
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13. RELATED PARTY DISCLOSURES
Donations receivable includes £184,476 (2024: £650,000) from E H Smith (Builders Merchants) Limited, a company with whom the trustees are associated. At the year end £184,476 was due from E H Smith (Builders Merchants) Limited (2024: ENil).
Grants payable includes the cost of building products supplied to various charities. These have been acquired from E H Smith (Builders Merchants) Limited, a company with whom the trustees are associated. The total amount for the year was £46,942 (2024: £59,301).
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EH SMITH CHARITABLE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED5 APRIL 2025
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||||||
|---|---|---|---|---|
|2025|2024|
|£|£|
|INCOME AND ENDOWMENTS|
|Donations|and|legacies|
|Donations|186,654|650,000|
|Investment|income|
|Rents|receivable|15,777|15,499|
|Deposit|account|interest|23,079|25,654|
|38,856|41,153|
|Total|incoming|resources|225,510|691,153|
|EXPENDITURE|
|Investment|management|costs|
|Property|repairs|§,235|7,641|
|Charitable|activities|
|Grants|to|institutions|370,250|418,057|
|Grants|to|individuals|197,381|442,467|
|567,631|860,524|
|Support costs|
|Management|
|Computer software|3,240|2,100|
|Postage and|stationery|6,801|1,556|
|Sundries|10|145|
|Bank|charges|37|15|
|10,088|3,816|
|Governance|costs|
|Independent|examination|1,920|960|
|Independent examination|- under accrual|840|-|
|2,760|960|
|Total|resources|expended|585,714|872,941|
|Net expenditure|(360,204)|(181,788)|
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This page does not form part of the statutory financial statements
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