REGISTERED COMPANY NUMBER: 03067374 (England and Wales) REGISTERED CHARITY NUMBER: 1048549 Report of the Trustees and Financial Statements for the Year Ended 31st March 2025 for The Lyme Trust Hardings Chartered Accountants & Statutory Auditor 6 Marsh Parade Newcastle-under-Lyme Staffordshire STS 1DU
The Lyme Trust Contents of the Financial Statements for the Year Ended 31st March 2025 Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Statements Detailed Statement of Financial Activities Page 1 to 4 5 to 8 9 10 11 12 to 17 18 to 19
The Lyme Trust Report of the Trustees for the Year Ended 31st March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 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). Objectives and activities The Lyme Trust ("the Trust"') provides safe, supported accommodation and life skills to individuals with mild to noderate mental health conditions, with the aim of facilitating a return to independent living and preventing homelessness. The Trust achieves its objectives by providing accommodation to residents at low rent through its portfolio of owned and leased properties, along with ongoing support from its support workers. The Trust's staff are experienced and highly trained to offer guidance and support; however, the outcome for each resident is wholly dependent upon their own engagement and hard work. Many of the people who come to live at the Lyme Trust also have alcohol or substance dependency issues, for which the Trust has access to a dedicated drug and alcohol support worker to signpost the best support. We aim to help our residents develop positive attitudes and self-motivation that will lead to independent living. The Trustees comply with their duty to have due regard to the guidance on public benefit published by the Charities Commission in exercising their powers or duties. Achievements and performance The Trust achieves its objectives by investing in and leasing local residential property, which it lets to its residents at low rent. The charity makes a housing benefit claim to Newcastle-under-Lyme council on behalf of its residents to support rental payments. At the end of March 2025, the Charity owned 7 properties and leased a further 12, for a total of 84 resident rooms. During the financial year, the Trust achieved an average occupancy rate of 97%. The Trust also provides a regular and continuing schedule of activities for its residents that are creative, therapeutic, and social in nature. Engagement of residents in this manner contributes to their personal and social rehabilitation, mental wellness, and is an integral part of their journey to independent living. The Trust provides ongoing training to all its staff to provide them with the tools necessary to successfully support residents and help them with any current or historical issues. The Charity measures its performance through key performance indicators. 'Planned moves' refers to residents moving into private accommodation, and 'unplanned moves' relate to evictions or abandonment. The Charity records all reasons, and these are discussed by the board of trustees during their monthly board meetings. eviction The board of trustees is pleased to report that for the year ended 31 March 2025, a total of 19 residents made a successful planned move to independent living withing the community (2024:5). A further 19 residents abandoned their accommodation during the year, and 37 were evicted. As of 31st March 2025. there were 81 residents Page 1
The Lyme Trust Report of the Trustees for the Year Ended 31st March 2025 Financial review The Charity has remained financially stable and is considered to be a going concern. During the year ended 31st March 2025, the Charity generated a surplus of £189,696 (2024: £54,624). additional properties during the year. Detailed monthly financial reports are scrutinised by the Finance Sub-Committee, and a summary is presented to the Management Committee meeting of the Trustees. The Trustees and management committee meetings incur no costs. For the year ended 31st March 2025, the Charity's assets and cash balances are in line with Charity Commission recommendations. Plans for future periods The Trust plans to continue its property refurbishment programme across the existing property portfolio. The Trust will continue to look for suitable properties for acquisition. Structure, governance and management Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Charity is a company limited by guarantee, governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission in England and Wales. The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed, and systems or procedures have been established to manage those risks. Recruitment and appointment of new trustees As set out in the Articles of Association, the Trustees are elected at the annual retirement meeting and serve for a period fo two years. All members are circulated with invitations to nominate Trustees before the Annual Retirement Meeting (ARM) advising them of any retiring Trustees and requesting nominations for the following year. Co-opted members may be appointed throughout the year as required. Organisational structure The Board of Trustees administers the Charity. The board meets regularly, and there is a Finance Sub-Committee that also meets regularly. An Operations Director is appointed by the Trustees to manage the day-to-day operations of the Charity. To facilitate effective operations, the Operations Director has delegated authority for specific operational matters, including finance, employment, and welfare of the residents of the Trust. New Trustees are provided with an orientation pack to brief them on their legal obligations under charity and company law. Trustees are encouraged to attend The Lyme Trust to meet key employees in order to obtain a better understanding of the work the charity carries out. Trustees are required to sign a confidentiality statement, which governs the types of information that can be disclosed. Remuneration policy An annual pay review for all employed staff is completed with reference to inflation and industry comparative, and is submitted sequentially to the Finance Sub-Committee, Board of Trustees, and Newcastle-under-Lyme council (with reference to the housing benefit claim) for approval. Page 2
The Lyme Trust Report of the Trustees for the Year Ended 31st March 2025 Structure, governance and management Summary of The Lyme Trust Properties Owned by The Lyme Trust 41 London Road 9 Bedrooms 52 London Road 4 Bedrooms 70 London Road 3 Bedrooms 108 London Road 8 Bedrooms 13 Webster Street 2 Bedrooms 39 Victoria Street 2 Bedrooms 23 Well Street 3 Bedrooms Leased by The Lyme Trust 2 Grosvenor Road 4 Individual flats 4 Grosvenor Road 7 Bedrooms 10 Horton Street 3 Bedrooms 11 Well Street 3 Bedrooms 18 Hanover Street 2 Bedrooms 33 London Road 9 Bedrooms 37 London Road HQ/Administration 39 London Road 6/7 Bedrooms 40 London Road 5 Bedrooms 56 London Road 5 Bedrooms 80 London Road 3 Bedrooms 112 London Road 4 Bedrooms 72 Stubbs Gate 2 Bedrooms All the above properties are based in Newcastle-under- Lyme Reference and administrative details Registered Company number 03067374 (England and Wales) Registered Charity number 1048549 Registered office 37 London Road Newcastle under Lyme Staffordshire ST5 1LN Trustees G Thomson (resigned 18/3/2025) M Faichney P A Lomas KA Smith L Wilbraham (resigned 18/3/2025) S C Perry (appointed 15/4/2025) Company Secretary M Faichney Page 3
The Lyme Trust Report of the Trustees for the Year Ended 31st March 2025 Reference and administrative details Auditors Hardings Chartered Accountants & Statutory Auditor 6 Marsh Parade Newcastle-under-Lyme Staffordshire STS 1DU Statement of trustees' responsibilities The trustees (who are also the directors of The Lyme Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) ompany law requires the trustees to prepare financial statements for each financial year which give a true and fair vie i the state of affairs of the charitable company and of the incoming resources and application of resources, includir the income and expenditure, of the charitable company for that period. In preparing those financial statements, the - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Auditors The auditors, Hardings, will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on 1st December 2025 and signed on its behalf by: PA Lomas - Page 4
Report of the Independent Auditors to the Members of The Lyme Trust Opinion We have audited the financial statements of The Lyme Trust (the 'charitable company') for the year ended 31st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31st March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. Basis for 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 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. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees' 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 company'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 trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information 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 this gives rise to a material misstatement in the financial statements themselves. 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. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 5
Report of the Independent Auditors to the Members of The Lyme Trust Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements 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 a Report of the Independent Auditors 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 it, 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 is detailed below: In identifying assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: - enquiring of management including obtaining and reviewing policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether there were any instances of non-compliance; detecting and responding to the risks of fraud and whether they have any knowledge of any actual, suspected - or alleged fraud; reviewing the internal controls established to mitigate risks related to fraud or non-compliance with laws and - regulations. discussions among the audit engagement team regarding how and where fraud might occur in the financial - statements and any potential indicators of fraud. obtaining an understanding of the legal and regulatory framework in which the Trust operates, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of 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 Report of the Independent Auditors. Page 6
Report of the Independent Auditors to the Members of The Lyme Trust Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Hardings Chartered Accountants (Senior Statutory Auditor) for and on behalf of Hardings Chartered Accountants & Statutory Auditor 6 Marsh Parade Newcastle-under-Lyme Staffordshire ST5 1DU 1st December 2025 Page 7
The Lyme Trust Statement of Financial Activities for the Year Ended 31st March 2025 Income and endowments from Donations and legacies Charitable activities Charitable Activities Investment income Total Expenditure on Charitable activities Charitable Activities NET INCOME Reconciliation of funds Total funds brought forward Total funds carried forward Notes 2 4 3 31/3/25 Unrestricted fund 2,593 1,463,009 6,163 1,471,765 31/3/24 Total funds 7,571 1,387,097 6,137 1,400,805 5 1,282,069 189,696 1,346,181 54,624 902,358 1,092,054 847,734 902,358 The notes form part of these financial statements Page 8
The Lyme Trust Balance Sheet 31st March 2025 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Creditors Amounts falling due within one year Net current assets Total assets less current liabilities Creditors Amounts falling due after more than one year NET ASSETS Funds Unrestricted funds Total funds 8 9 10 31/3/25 Unrestricted fund 31/3/24 Total funds 805,186 58,514 588,746 647,260 (60,588) 586,672 1,391,858 (299,804) 1,092,054 1,092,054 1,092,054 813,516 24,089 490,987 515,076 (104,676) 410,400 1,223,916 (321,558) 902,358 902,358 902,358 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 1st December 2025 and were signed on its behalf by: PA Lomas - Trustee The notes form part of these financial statements Page 9
The Lyme Trust Cash Flow Statement for the Year Ended 31st March 2025 Cash flows from operating activities Cash generated from operations Interest paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities Loan repayments in year Net cash used in financing activities Notes 1 3113/25 162,694 (27,150) 135,544 (24,244) 6,163 (18,081) (19,704) (19,704) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 97,759 490,987 588,746 The notes form part of these financial statements Page 10 31/3/24 148,787 (27,939) 120,848 (6,333) 6,137 (196) (18,340) (18,340) 102,312 388,675 490,987
The Lyme Trust Notes to the Cash Flow Statement for the Year Ended 31st March 2025 1. Reconciliation of net income to net cash flow from operating activities Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest paid Increase in debtors (Decrease)/increase in creditors Net cash provided by operations 2. Analysis of changes in net funds Net cash Cash at bank and in hand A11.424 490,987 490,987 Debt Debts falling due within 1 year Debts falling due after 1 year Total (19,446) (321,558) (341,004) 149,983 The notes form part of these financial statements Page 11 31/3/25 189,696 32,574 (6,163) 27,150 (34,425) (46,138) 162,694 Cash flow 97,759 97,759 (2,050) 21,754 19,704 117,463 31/3/24 54,624 45,990 (6,137) 27,939 (4,302) 30,673 148,787 At 31.3.25 588,746 588,746 (21,496) (299,804) (321,300) 267,446
The Lyme Trust Notes to the Financial Statements for the Year Ended 31st March 2025 1. Accounting policies Basis of preparing the financial statements The financial statements of the charitable company, 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 Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost 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 harity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement an he amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and ha 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. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Freehold property mprovements to propert ixtures and fitting Computer equipment 2% on cost 5% on cost : 25% on reducing balance 25% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 'ension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitabl company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 12 continued...
The Lyme Trust Notes to the Financial Statements - continued for the Year Ended 31st March 2025 2. Donations and legacies 3. 4. Donations Investment income Interest receivable Income from charitable activities Housing Benefits & Rents Charitable activities costs Activity Charitable Activities Direct Costs 911,280 313/25 2,593 31/3/25 6,163 31/3/25 1,463,009 Support costs (see note 6) 370,789 31/3/24 7,571 31/3/24 6,137 31/3/24 1.389,097 Totals 1,282,069 6. 7. Charitable Activities Support costs Charitable Activities Management € 335,139 Net income/(expenditure) Net income/(expenditure) is stated after charging/(crediting): Finance 27,150 Governance costs 8,500 Totals 370,789 8. Auditors' remuneration Depreciation - owned assets 31/3/25 8,500 32,574 31/3/24 € 7,500 45,990 Trustees' remuneration and benefits There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees' expenses There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024. Page 13 continued...
The Lyme Trust Notes to the Financial Statements - continued for the Year Ended 31st March 2025 9. Staff costs Wages and salaries Social security costs Other pension costs 31/3/25 540,399 41,790 15,457 597,646 31/3/24 496,564 36,238 14,684 547,486 10. The average monthly number of employees during the year was as follows: 31/3/25 Provision of accomodation and support Management and administration 21 31/3/24 18 5 23 The key management personnel of the trust comprises the senior management team. The total amount of employee benefits(including employer pension contributions) received by key management personnel was £124,382 (2024: £157,133). Comparatives for the statement of financial activities Income and endowments from Donations and legacies Charitable activities Charitable Activities Investment income Total Expenditure on Charitable activities Charitable Activities NET INCOME Reconciliation of funds Total funds brought forward Total funds carried forward Unrestricted fund 7,571 1,387,097 6,137 1,400,805 1,346,181 54,624 847,734 • 902,358 Page 14 continued..
The Lyme Trust Notes to the Financial Statements - continued for the Year Ended 31st March 2025 11. Tangible fixed assets 12. Cost At Ist April 2024 Additions At 31st March 2025 Depreciation At Ist April 2024 Charge for year At 31st March 2025 Net book value At 31st March 2025 At 31st March 2024 Freehold property 911,257 911,257 183,209 18,102 201,311 709,946 728,048 Debtors: amounts falling due within one year Trade debtors Other debtors Prepayments and accrued income Improvements to property 103,086 24,244 127,330 47,482 4,940 52,422 74,908 55,604 Fixtures and fittings € 200,346 200,346 177,842 5,626 183,468 16,878 22,504 13. Creditors: amounts falling due within one year Bank loans and overdrafts (see note 15) Trade creditors Social security and other taxes Pension Other creditors Accruals and deferred income Page 15 Computer equipment 82,950 82,950 75,590 3,906 79,496 3,454 7,360 31/3/25 48,548 9,966 58,514 31/3/25 21,496 14,228 10,753 2,395 11,716 60,588 Totals 1,297,639 24,244 1,321,883 484,123 32,574 516,697 805,186 813,516 31/3/24 16,795 200 7,094 24,089 31/3/24 19,446 43,953 3,225 1,804 3,471 32,777 104,676 continued...
• The Lyme Trust Notes to the Financial Statements - continued for the Year Ended 31st March 2025 14. Creditors: amounts falling due after more than one year Bank loans (see note 15) 15. Loans An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling between one and two years: Bank loans - 1-2 years 16. Movement in funds Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Page 16 At 1.4.24 902,358 902,358 Incoming resources 1,471,765 1,471,765 At 1.4.23 847,734 847,734 31/3/25 € 299,804 31/3/25 € 21,496 299,804 Net movement in funds 189,696 189,696 Resources expended (1,282,069) (1,282,069) Net movement in funds 54,624 54,624 31/3/24 321,558 31/3/24 19,446 321,558 At 31.3.25 1,092,054 1,092,054 Movement in funds € 189,696 189,696 At 31.3.24 902,358 902,358 continued...
The Lyme Trust Notes to the Financial Statements - continued for the Year Ended 31st March 2025 16. Movement in funds - continued Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Incoming resources 1,400,805 1,400,805 A current year 12 months and prior year 12 months combined position is as follows: Resources expended (1,346,181) (1,346,181) Movement in funds € 54,624 54,624 At 1.4.23 Net movement in funds At 31.3.25 Unrestricted funds General fund 847,734 244,320 1,092,054 TOTAL FUNDS 847,734 244,320 1,092,054 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds 2,872,570 (2,628,250) 244,320 2,872,570 (2,628,250) 244,320 17. Unrestricted funds General fund TOTAL FUNDS Related party disclosures During the year the charity entered into the following transactions with related parties- Lymebrook Media Limited- PR services paid in the year was £12,693 (2024- £12,228). This is a company owned by former trustees Mr L. Wilbraham and Mr G. Thomson Page 17
The Lyme Trust Detailed Statement of Financial Activities for the Year Ended 31st March 2025 31/3/25 Income and endowments Donations and legacies Donations Investment income Interest receivable Charitable activities Housing Benefits & Rents Total incoming resources Expenditure Charitable activities Wages Social security Pensions Rent, rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Professional fees Healthcare Motor & travelling Resident's social activities Training Health & safety Repairs & maintenance Bad debt expense Redundancy payments Dep'n of freehold property Dep'n of imp'ts to property Dep'n of fixtures & fittings Dep'n of computer equipment 2,593 6,163 1,463,009 1,471,765 224,449 22,601 15,457 171,602 26,031 119,779 3,486 11,205 14,505 61,962 40,300 1,640 21,070 15,095 9,691 14,232 85,597 8,979 11,025 18,102 4,940 5,626 3,906 911,280 Support costs Management Wages Social security Finance Bank interest 315,950 19,189 335,139 27,150 This page does not form part of the statutory financial statements Page 18 31/3/24 7,571 6,137 1,387,097 1,400,805 236,872 16,957 14,684 166,613 34,988 75,342 5,961 15,493 15,505 62,368 24,858 1,656 20,813 19,790 14,542 10,723 199,094 49,520 17,962 4,167 18,493 5,368 1,031,769 259,692 19,281 278,973 27,939
The Lyme Trust Detailed Statement of Financial Activities for the Year Ended 31st March 2025 Finance Governance costs Auditors' remuneration Total resources expended Net income 31/3/25 f 8,500 1,282,069 189,696 31/3/24 7,500 1,346,181 54,624 This page does not form part of the statutory financial statements Page 19