THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
CONTENTS AND CHARITY INFORMATION
| CONTENTS: | PAGE: | ||
|---|---|---|---|
| Trustees' Report | 1-2 | ||
| Auditors' Report | 3-5 | ||
| StatementofFinancialActivities | 6 | ||
| Balance Sheet | 7 | ||
| StatementofCashflows | 8 | ||
| Notesto theFinancial Statements | 9-15 | ||
| TRUSTEES: | MTWomack | ||
| M Hamilton | |||
| A Sunderland | |||
| G VivianNea | |||
| RLaw | |||
| CHARITY OFFICES: | NewFarmHouse | ||
| Thrift Farm. | |||
| BaldockRoad | |||
| Royston | |||
| SG8 9NN | |||
| CHARITY REGISTRATIONNUMBER: | 1038943 | ||
| AUDITORS: | Prentis &CoLLP |
||
| Chartered Accountants | |||
| & StatutoryAuditors | |||
| 115¢ MiltonRoad | |||
| Cambridge | |||
| CB4 LXE | |||
| BANKERS: | NatWestBankPic | ||
| . | 21 PettyCury | ||
| Cambridge | |||
| CB2 3NE | |||
| INVESTMENTMANAGERS: | Sarasin& Partners LLP | ||
| Juxon House | |||
| 100 StPaul's Churchyard | |||
| London | |||
| EC4M8BU | : |
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 1
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
REPORT OF THE TRUSTEES
The Trustees present their annual report and financial statements of the charity for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, 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 (FRS 102) (effective 1st January 2019).
TRUSTEES
The Trustees throughout the year were
M Womack, M Hamilton, A Sunderland, G Vivian Nea and R Law.
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing Document
The Charitable Trust was constituted by Trust Deed on 28th January 1994.
It is registered with the Charity Commission number 1038943.
Appointment of Trustees
The existing Trustees are taking steps to recruit further Trustees, and since the balance sheet date have been successful,
Trustee Induction and Training
Trustees endeavour to maintain their knowledge of charity regulations by attending courses and reading material as it becomes available. In the event of the appointment of new Trustees, suitable steps would be taken to ensure that they were aware of their obligations.
Organisation
The Trustees manage the day to day responsibilities of the Trust. Trustees also meet to make policy decisions and supervise the development of the Trust.
The Trustees have reviewed the risks to which the Trust is exposed; they take the view that as a grant awarding charity, the only risks they face are general economic risks with regard to the portfolio. Trustees will review risk periodically.
RISK MANAGEMENT
The Trustees have a risk management strategy which comprises: the development of the Trust.
-
an annual review of risks the charity might face;
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the establishment of systems and procedures to mitigate those risks identified in the plan; and
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The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
The reviews during the year identified no significant risks but where minor risks were identified procedures designed to minimise these have been implemented. A key element in the management of financial risks is the setting of a reserves policy and its regular review by Trustees.
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The Charity's objects are to hold the capital and income of the Trust Fund on trust to pay or apply the same or for such Charities and Charitable Purposes that in their absolute discretion think fit,
The Trustees declared objectives remain unchanged but the amount they can regularly give has substantially increased following the sale of the fam. To simplify administration and to ensure applications are treated fairly, applicants are expected to use the proforma application set out in the charity's website.
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PAGE 2
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THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST FINANCIAL STATEMENTSFOR THE YEAR ENDED 31ST MARCH 2025
ACHIEVEMENTS AND PERFORMANCE In the period under consideration the Trust made donations of £466,200 (2024: £310,357) to deserving causes within the Charity's remit.
FINANCIAL REVIEW Funds available at 3 ist March 2025 are sufficient to permit the Trust to continue in operation in the medium term and our objects should be satisfied.
The Trust Deed authorises the Trustees to make and hold investments using the general funds of the Trust.
RESERVES POLICY
It is the policy of the Trust to maintain unrestricted funds invested to achieve sufficient income te enable sufficient distributions to be made in accordance with the aims of the Trust. Due to current market conditions and the fluctuation of income not all income may be distributed in any one year but over a period of years this should be achieved.
PLANS FOR FUTURE PERIODS
The Trustees’ current intention is to make grants totalling around £400,000 per year. That figure will be reviewed and altered from time to time.
KEY PERSONNEL AND PAY POLICY
The Trustees consider the Board of Trustees to be the key management personnel of the charity in charge of directing and controlling the charity on a day to day basis. All Trustees give their time freely and-no Trustees’ remuneration or expenses was paid in the year,
TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The charity's ‘Trustees are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceptéd Accoutititig Practice),
The Jaw applicable to charities in England and Wales requires the charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the Trustees are required to:
. Select suitable accounting policies and then apply them consistently. ‘ observe the methods and principles in the applicable Charities SORP; ’ make judgements and estimates that are reasonable and prudent. . state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
‘ prepare the financial statemonts on a going concern basis unless it is inappropriate to presume that the charity will continue in. operation.
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 applicable Charities (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets-of the charity and taking reasonable steps for the prevention and detecti o fn fraud and other irregularities.
APPROVAL.
This report was approved by the Trustees on 1Q Decemner 10 15
- and: signed on their behalf. :
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a
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M T WOMACK - TRUSTEE
‘ THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 3
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
OPINION
We have audited the financial statements of Frank Litchfield General Charitable Trust for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice),
This report is made solely to the Trustees, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
In our opinion the financial statements:
-
~ give a true and fair view of the state of the charity’s affairs as at 31 March 2025, and of its incoming resources and application of resources, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
BASIS OF OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 6 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
GOING CONCERN
In auditing the financial statements, we have concluded that the Charitable Trust’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable Trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue,
Our responsibilities and the responsibilities of the Charitable Trust with respect to going concern are described in the relevant sections of this report,
OTHER INFORMATION
The other information comprises the information included in the Trustees’ Report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the Trustees’ Report.
Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financia] statements, our responsibility is to read the Trustees’ Report and, in doing so, consider whether the Trustees’ Report is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact,
We have nothing to report in this regard,
‘ THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 4
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 205
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the Trustees’ Report; or
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sufficient accounting records have not been kept; or
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- the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees’ responsibilities statement set out on page 2, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
THE EXTENT TO WHICH OUR PROCEDURES ARE CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD Irregularities, including fraud, are instances of non-compliance with laws and regulations. The primary responsibility for the prevention and detection of irregularities including fraud rests with both the management and those charged with governance of the partnership. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We have considered the nature of the industry and sector, control environment, laws and regulations of the charity, Charity Laws and regulations considered included, but were not limited to, the Charities Act 2011, Charity SORP and FRS102.
We have enquired with the management in regards to their own assessment of the risks of irregularities, including fraud. We also enquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.
We obtained relevant documentation and representations in order to form an opinion on potential irregularities, including fraud.
We considered the opportunities and incentives that may exist within the organisation for fraud. Based on this understanding, we designed specific audit procedures to identify instances of non-compliance with laws and regulations, including obtaining additional corroborative evidence as required. Examples of procedures included reviewing large and unusual transactions, reviewing large and unexpected variances, reviewing journal entries and reviewing relevant legal correspondence.
There are inherent limitations in the audit procedures described above, not least as sampling is used under International Auditing Standards, therefore not all transactions are reviewed. Therefore there is a risk we will not detect all irregularities including those leading to a material misstatement in the financial statements or non-compliance with regulations. The risk of not detecting a material misstatement due to fraud is also higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery, collusion, omission or intentional misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org,uk/auditorsresponsibilities, This description forms part of our auditor's report.
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 5
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
USE OF AUDIT REPORT
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulation 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, fi audit work, for this report, or for the opinions we have formed.
PRENTIS & CO LLP CHARTERED ACCOUNTANTS & STATUTORY AUDITORS 115¢ Milton Road Cambridge CB4 LXE om, ed
Prentis & Co LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 6
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF FINANCIAL ACTIVITIES
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Unrestricted|
|Note|2025|2024|
|£|£|
|INCOME|FROM:|
|Investment|income|2|191,978|349,822|
|Rental|income|10|28,714|
|TOTAL INCOME|191,988|378,536|
|EXPENDITURE|ON:|
|Tnvestment|costs|3|13,069|26,679|
|Charitable|activities|4|474,893|314,474|
|TOTAL EXPENDITURE|487,962|341,153|
|NET INCOME/(EXPENDITURE)|BEFORE|
|GAINS/(LOSSES)|ON INVESTMENTS|(295,974)|37,383|
|Net|gains/(losses)|on investment|assets|8|332,001|1,179,632|
|NET MOVEMENT IN FUNDS|36,027|‘1,217,015|
|RECONCILIATION|OF|FUNDS|
|Total Funds|brought forward|11,940,013|10,722,998|
|Total Funds|carried forward|11,976,040|11,940,013|
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The notes on pages 9 to 16 form part of these financial statements
PAG 7
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCIT 2025
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|||||||
|---|---|---|---|---|---|
|BALANCE|SHEET|
|Notes|2025|2024|
|£|£|£|£|
|FIXED|ASSETS|
|Investments|8|11,944,359|3,447,503|
|CURRENT ASSETS|
|Cash|at|bank|9|34,921|8,525,510|
|LIABILITIES|
|Creditors:|amounts|falling due|within|one|
|year|10|3,240|3,000|
|NET CURRENT ASSETS|31,681|8,522,510|
|NET ASSETS|11,976,040|11,940,013|
|THE|FUNDS|OF THE|CHARITY|
|Unrestricted|income funds|it|14,976,040|11,940,013|
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‘The financial statements were approved by the Trustees on 1Q Deceminer 1095 and signed on their behalf.
MT WOMACK TRUSTEE
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i>
een f
A SUNDERLAND
TRUSTEE
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The notes on pages 9 to 16 form part ofthese financial statements.
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 8
.
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF CASH FLOWS
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|---|---|---|---|---|---|---|---|
|Note|2025|2024|
|£|£|
|Net|cash used|in operating|activities|12|(487,712)|(311,364)|
|Cash|flows|from|investing|activities:|
|Purchase|of investments|(10,400,208)|(62)|
|Sale|of investments|2,205,353|8,333,430|
|Interest|and|dividends|191,978|349,822|
|Net cash provided by investing activities|(8,002,877)|8,683,190|
|Change|in|cash|and cash|equivalents|in the year|(8,490,589)|8,371,826|
|Cash|and|cash|equivalents|brought|forward|8,525,510|153,684|
|Cash and cash|equivalents|carried|forward|34,921|8,525,510|
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PAGE 9
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES (a) BASIS OF PREPARATION AND ASSESSMENT OF GOING CONCERN
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019) Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011,
The Trust constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. The most significant areas of uncertainty that affect the carrying value of assets held by the Trust are the level of investment return and the performance of investment markets.
(b) INCOME RECOGNITION
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably.
- Investment income is accounted for when receivable. Tax recoverable relating to investment income is accounted for in the same period as the related income.
~ Bequests are accounted for when receivable. This is when certainty is established and the bequest can be quantified.
(c) EXPENDITURE RECOGNITION
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 settlement will be required and the amount of obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. Charitable support expenses and governance costs include all expenditure not directly relating to the charitable activity.
- Charitable grants payable are reflected in the accounts during the year in which the grant was made, and any amounts outstanding at the year end are included in current liabilities. When grants awarded expire unclaimed they are recredited.
(d) VALUE ADDED TAX
Value added tax is not recoverable by the Trust. And such is included in the relevant costs in the Statement of Financial Activities.
(e) COST OF RAISING FUNDS
The costs of generating funds consist of investment management costs and certain legal fees.
(f) FIXED ASSETS INVESTMENTS
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on the revaluation and disposal throughout the year.
The Trust does not acquire put options, derivatives or other complex financial instruments.
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 10
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
(f) FIXED ASSETS INVESTMENTS - continued
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors and sub sectors.
(g) REALISED GAINS AND LOSSES
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value, Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
(h) FOREIGN CURRENCIES
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the Statement of Financial Activities.
4,
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| INVESTMENT INCOME | 2025 | 2024 | |
| £ | £ | ||
| Interestreceived | 25,645 | 220,003 | |
| Equity dividends | 166,333 | 129,819 | |
| 191,978 | 349,822 | ||
| INVESTMENTCOSTS | 2025 | 2024 | |
| £ | £ | ||
| Managementfees | 13,069 | 26,679 | |
| CHARITABLEACTIVITIES -CURRENTYEAR | Support and | ||
| Charitable | Governance | ||
| Activities | Costs | 2025 | |
| £ | £ | £ | |
| Grants (seenote 5) | 466,200 | - | 466,200 |
| Bankcharges | - | 94 | 94 |
| Auditors’ fee | - | 3,894 | 3,894 |
| Administrator | - | 943 | 943 |
| Post, stationery andwebsite costs | - | 3,375 | 3,375 |
| Sundry | - | 158 | 158 |
| Travel | - | 229 | 229 |
| 466,200 | 8,693 | 474,893 |
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 11
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
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|||||||
|---|---|---|---|---|---|
|A,|CHARITABLE ACTIVITIES|- PRIOR YEAR|Support and|
|Charitable|Governance|Total|
|Activities|Costs|2024|
|£|£|£|
|Grants|(see note|5)|310,357|-|310,357|
|Bank|charges|-|83|83|
|Auditors!|fee|-|3,103|3,103|
|Water pipeline|maintenance|-|374|374|
|Postage|and stationery|-|203|203|
|Sundry|-|166|166|
|Travel|-|188|188|
|310,357|4,117|314,474|
|5.|CHARITABLE GRANTS|2025|2024|
|Donations made|during the|period:|£|£|
|Action|Medical|Research|for Children|3,000|-|
|Action|on|Pre-Eclampsia|:|1,000|
|Adfam|2,000|-|
|Age UK|5,000|-|
|Age Well East|3,000|-|
|AKU|-|3,000|
|All Of|Us Against|Arthritis|-|2,000|
|Ambitions|about Autism|4,000|-|
|Ambulance|Statf Charity|3,000|-|
|Arthur Rank Hospice|10,000|-|
|Aspire|5,000|-|
|Asthma and Lung UK|3,000|2,000|
|Bishop|Stortford Mencap|4,000|-|
|Blesma|2,000|-|
|Blind Veterans|5,000|2,000|
|Bliss|-|3,000|
|Blood Cancer UK|5,000|-|
|Blood Pressure|UK.|-|2,000|
|Brain Tumour|7,500|-|
|Breast Cancer Now|3,000|-|
|British Blind Support|2,000|-|
|British Heart Foundation|-|2,000|
|British Liver Trust|-|1,000|
|British Wireless|for the Blind|-|2,000|
|Butterfly Bereavement Fund|5,000|-|
|Calvent Trust|2,000|-|
|Cambridge Breast Feeding Alliance|-|1,000|
|Cambridge Womens|Resources|Centre|5,000|-|
|Cambridge|Past,|Present|and Future|-|25,000|
|Cancer|Support UK|2,000|-|
|Carers UK|2,000|
|Care Network|-|2,000|
|Caring|Together Charity|10,000|-|
|Caudwell|3,000|-|
|Changing Faces|10,000|-|
|Children Liver Disease|-|1,000|
|Children with Cancer UK|-|1,000|
|Children's|Cancer and Leukaemia|-|4,000|
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THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
| NOTES | TOTHEFINANCIAL STATEMENTS | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| 5. | CHARITABLEGRANTS continued | £ | £ | |
| Cheffins/HeartsFoundationHalfMarathon | 1,000 | - | ||
| ChildBrain InjuryTrust | 3,000 | - | ||
| ChildrenTodayChangingLives | 2,000 | - | ||
| Children’s HeartFoundation | 6,000 | - | ||
| Circa | - | 3,642 | ||
| Clothing forDisabled | - | 1,000 | ||
| Cogwheel Counselling | 5,000 | 5,000 | ||
| ColchesterArt Centre | - | 1,000 | ||
| Colostomy | - | 5,000 | ||
| CountyFoodTrust | 2,000 | - | ||
| Cool Carers SouthEssex | - | 1,000 | ||
| CrisisUK | “ | 2,500 | ||
| Crohns andColitis | - | 2,000 | ||
| Cystic FibrosisTrust | - | 5,000 | ||
| DementiaUK. | - | 6,000 | ||
| Designability | 2,000 | - | ||
| DitchtheLabel | 2,000 | - | ||
| DISH | - | 2,000 | ||
| Dreammakers | 1,000 | - | ||
| Dressability | 1,000 | - | ||
| Dyspraxia | - | 2,000 | ||
| EACH | 10,000 | - | ||
| EastAnglianAirAmbulance | - | 2,000 | ||
| Edith CavellFund forNurses | 2,000 | - | ||
| ElizabethFryCharity | 1,000 | - | ||
| ElyCathedral Trust | - | 1,000 | ||
| Embrace Child Victims ofCrime | 5,000 | - | ||
| Emmaus Herts | - | 5,000 | ||
| EssexCommunity Foundation | - | 25,000 | ||
| EssexDementia | 10,000 | - | ||
| FamilyAction | 2,000 | - | ||
| FamilyVolunteeringClub | 3,000 | - | ||
| FarleyHospice | 10,000 | 2,000 | ||
| FerryProject | 5,000 | - | ||
| FightAgainstBlindness | - | 3,000 | ||
| FirstStep Scholars | - | 5,000 | ||
| Front LineOrg | 1,000 | - | ||
| Fulfil theWish | - | 1,000 | ||
| GardenHouse Hospice | 10,000 | - | ||
| GuideDogs fortheBlind | 3,000 | - | ||
| Haemochromatosis UK. | 7,500 | - | ||
| HappyDays | 2,000 | - | ||
| Heads 2 Minds | 1,000 | 1,000 | ||
| HeadwayHerts | . | - | 6,000 | |
| Headway | 2,000 | - | ||
| Helena Hospice | 10,000 | - | ||
| HemmingfordRegatta | 2,000 | - | ||
| HearingDogs forDeafPeople | - | 1,000 | ||
| HertfordshireCommunityFoundation | 23,500 | 25,000 | ||
| HertsYoungHomeless | - | 5,000 | ||
| Homestead | - | 3,000 | ||
| Hourglass SaferAgeing | 3,000 | - | ||
| IckletonParishCouncil | 15,000 | - |
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 13
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
==> picture [503 x 679] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|5.|CHARITABLE GRANTS|continued|£|£|
|Isabel|-|2,000|
|Joss|Searchlight|3,000|-|
|Jumbulance|5,000|-|
|Kidney Research UK|2,000|-|
|Kids|Matter|2,500|“|
|Kings|Junior Voices|3,000|-|
|Lennox|Children's|Cancer Fund|3,000|1,000|
|Leukaemia|Care|-|1,000|
|Leukaemia|and Myeloma|10,000|-|
|Leukaemia UK.|-|5,000|
|Little Hearts Matter|4,000|-|
|Life|-|2,000|
|Listening Books|-|2,000|
|Little|Lifts|-|1,000|
|Living Paintings|Trust|2,000|-|
|London Hearts|3,000|-|
|Lupus UK|-|2,500|
|M.A.C.S|2,000|-|
|Magpas|5,000|-|
|Make|Them|Smile|2,000|-|
|Marine|Society|and Sea Cadet|2,000|-|
|Mast Cell Action|1,000|~|
|Max Kitcat (Gap Year)|‘|1,000|-|
|MS|Trust|-|5,000|
|Memories|are|Golden|-|2,000|
|Mencap|2,000|-|
|Meningitis Now|2,000|-|
|Mind Over Cancer|3,000|1,000|
|Multiple|Sclerosis|Trust|4,000|-|
|Muscle Help Foundation|5,000|-|
|Music|for my Mind|2,000|-|
|Music|in|Hospitals|-|3,000|
|NARA Breathing|3,000|-|
|National Autistic|Society|5,000|-|
|National Horseracing Museum|-|3,000|
|National|Kidney Federation|2,000|-|
|National|Rheumatoid|5,000|-|
|Newlife|-|4,000|
|Open|University|Disabled|Veterans|Scholarship|Fund|2,000|-|
|Over Day Centre|-|3,000|
|Over the Wall|-|5,000|
|Pain|Relief|-|2,000|
|Patients|Association|1,000|-|
|Penny Bohn|Cancer|2,000|-|
|Peterborough|Soup|Kitchen|-|2,000|
|Place 2 Be|2,000|-|
|Power 2|Inspire|2,000|-|
|Power to|Inspire|5,000|~|
|Prison No Way|-|2,000|
|Prisoners Education|Trust|-|1,965|
|Progressing|Ability|1,000|-|
|Prostate|UK|-|2,000|
|Queen|Elizabeth Foundation|2,000|-|
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PAGE 14
;
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
| 2025 | 2024 | ||
|---|---|---|---|
| 5. | CHARITABLE GRANTS continued. | £ | £ |
| Rainbow Services Harlow | 2,000 | - | |
| RBLI (Royal BritishLegion Industries) | 2,000 | - | |
| ReadforGood | - | 1,000 | |
| Regain | - | 1,000 | |
| Renew Counselling | 1,500 | - | |
| Rennie Grove Hospice Care | 10,000 | - | |
| RetinaUK | 2,000 | ||
| RNID (RoyalNational Institute forDeafPeople | 6,000 | - | |
| RomseyMill | 5,000 | - | |
| Rowan Humberstone | 2,000 | - | |
| Sadie Centre | - | 4,000 | |
| SalvationArmy | 5,000 | - | |
| Samaritans | 3,000 | - | |
| SclerodermaandRaynaudsUK | 1,000 | - | |
| SepsisResearch | 3,000 | - | |
| Shine Charity | 3,000 | - | |
| Sick Children's Trust | 7,500 | 5,000 | |
| Sign Health | 5,000 | - | |
| SLTH | - | 1,000 | |
| Snowden Trust | - | 2,000 | |
| SouthendFoodBank | - | 1,000 | |
| SouthendYMCA | 3,000 | ||
| Spinal InjuriesAssociation | 5,000 | . | |
| SpinalMuscularAtrophy | 2,000 | - | |
| SpinalResearch | 3,000 | 2,000 | |
| Sportability | 1,000 | - | |
| StAndrew's Church, Chelmsford | - | 1,000 | |
| StClareHospice | 5,000 | 5,000 | |
| StFrancis Hospice | - | 1,000 | |
| StLuke's Hospice | 10,000 | - | |
| Stained Glass Museum | - | 750 | |
| Stamma | 2,000 | - | |
| Stepping Stones | 2,000 | 2,000 | |
| StethamYouthCentre | 3,000 | ” | |
| Support Line | - | 5,000 | |
| SupportThrough Court | 2,000 | - | |
| SuzyLamplugh | - | 2,000 | |
| Terence Higgins Trust | - | 1,000 | |
| The Children's Hospital | - | 25,000 | |
| The Kids Bank | 1,000 | - | |
| TikvaHope | 2,500 | - | |
| ToldbyanIdiot | 2,000 | - | |
| Tommy's | - | 2,000 | |
| Tree ofHope | - | 4,000 | |
| Treloars | - | 2,000 | |
| UKSCF | - | 5,000 | |
| VolunteeringMatters | 1,000 | - | |
| Walking withtheWounded | 2,000 | - | |
| WarmWelcome | - | 4,000 | |
| WestLeigh Baptist Church | - | 1,000 | |
| WillowTrust | 2,000 | - |
PAGE 15
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
==> picture [438 x 387] intentionally omitted <==
----- Start of picture text -----
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|CHARITABLE|GRANTS|continued|£|£|
|Winter|Comfort|5,000|-|
|Other|700|-|
|466,200|310,357|
|NET MOVEMENT|IN FUNDS|FOR THE YEAR|
|2025|2024|
|This|is|stated|after|charging:|£|£|
|Auditors'|Fee|3,894|3,103|
|Management|threat|in relation|to|non|audit|services:|
|In|common|with many|other|charities|of similar|size|and|nature,|the|Trustees|employ the|auditors|to|assist|
|with|the|preparation|of the|financial|statements.|
|TRUSTEES|EXPENSES|AND|REMUNERATION|
|The Trustees|give|freely|their|time|and|expertise|without any|form|of remuneration|or|other|benefit|in|cash|
|or|kind.|The|Trustees|were|reimbursed expenses|totalling|£229|in the|year|(2024:|£370).|
|FIXED|ASSET|INVESTMENTS|2025|2024|
|AT MARKET|VALUE:|£|£|
|Market value|at|Ist April|2024|3,417,503|10,571,239|
|Additions|10,400,208|62|
|Disposals|(2,205,353)|(8,333,430)|
|Realised gains|47,230|928,362|
|Unrealised|gains|284,771|251,270|
|Market|value|at|3|1st March 2025|11,944,359|3,417,503|
|Historical|Cost at 3 lst March 2025|10,690,521|2,448,436|
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All investments are carried at their fair value. Investments in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Asset sales and purchases are recognised at the date of trade cost (that is their transaction value).
All investments are held for charitable purposes and are held in the UK.
Investments are shown at values determined by the Trust's fund managers, Sarasin & Partners LLP. All investments are held within unrestricted funds. Investments held within the portfolio that are over 5% of the total value are Sarasin Endowments Fund 66% and ICS-Sterling Liquity Fund 34%.
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|||||||||
|---|---|---|---|---|---|---|---|
|CASH|HELD AT|BANK|2025|2024|
|£|£|
|NatWest|31,035|314,934|
|Sarasin &|Partners|LLP|3,886|8,210,576|
|34,921|8,525,510|
|CREDITORS|2025|2024|
|£|£|
|- Due|within|one|year|-|Accruals|3,240|3,000|
----- End of picture text -----
THE FRANK LITCHFIELD GENERAL CHARITABLE TRUST
PAGE 16
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
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----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|11,|ANALYSIS|OF|CHARITABLE|FUNDS|Unrestricted|Unrestricted|
|General|General|
|2025|2024|
|£|£|
|Balance|brought|forward|Ist April|2024|11,940,013|10,722,998|
|Income|191,988|378,536|
|Expenditure|(487,962)|(341,153)|
|Gains|on|investments|(note|8)|332,001|1,179,632|
|Balance|carried|forward|31st March 2025|11,976,040|11,940,013|
|12.|RECONCILIATION|OF NET MOVEMENT|IN FUNDS|TO NET CASH FLOW FROM|OPERATING|
|ACTIVITIES|
|2025|2024|
|£|£|
|Net movement|in|funds|36,027|1,217,015|
|Deduct gains|on|investments|(note|8)|(332,001)|(1,179,632)|
|Deduct|interest and|dividends|under|investing|activities|(191,978)|(349,822)|
|Increase|in|creditors|240|1,075|
|Net cash used|in operating|activities|(487,712)|(31 1,364)|
----- End of picture text -----
The Trustees have no liability on the winding up of the Trust. Any excess funds on winding up will be given to other charities with similar objects. The Trust's capital requirement is £1 of funds.
- NATURE OF TRUST