REGISTERED COMPANY NUMBER: 03745870 (England and Wales REGISTERED CHARITY NUMBER: 1077311 Report of the Trustees and Financial Statements for the Year Ended 31 March 2025 for The Trevor Hemmings Foundation (a company limited by guarantee) McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR 7NA
The Trevor Hemmings Foundation (a company limited by guarantee) Contents of the Financial Statements for the year ended 31 March 2025 Report of the Trustees Statement of Trustees' Responsibilities 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 Page 1 to 3 4 5 to 8 9 10 11 12 13 to 18
The Trevor Hemmings Foundation (a company limited by guarantee) (Registered number: 03745870) Report of the Trustees for the year ended 31 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 31 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 Objectives and aims The objectives of The Trevor Hemmings Foundation are all such objects, purposes, trusts or institutions as are by law exclusively charitable. The Foundation aims to support existing national and north west based charitable organisations by means of donation. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year. During the year, the Foundation has continued to provide support to other charities and has achieved this through grant making. Achievements and performance The Foundation has been funded during the year by means of donations. The Foundation has successfully made grants to charities across a wide range of areas, making a real improvement to the circumstances of its beneficiaries and, in doing so, society as a whole. A full list of the grants payable during the year is shown in note 5 to the accounts. Grant making policy The charity has established its grant making policy to achieve its objects for the public benefit. The charity invites applications for funding from other national and north west based charities. Decisions on applications are made on a case by case basis by the trustees. Most grants approved comprise one single payment only. STRATEGIC REPORT Investment policy and performance Investments held by The Trevor Hemmings Foundation have been acquired in accordance with the powers available to the trustees as detailed in the articles of association. Reserves policy The results for the year are shown on page 9. The charity had net expenditure for the year of £32,549 (2024: £14,051). It is the policy of the charitable company to maintain unrestricted funds at a level that will be adequate to meet unrestricted expenditure for the foreseeable future. The total net assets and free reserves of The Trevor Hemmings Foundation at the end of the financial year were £19,792 (2024: £52,341). The Foundation relies largely on donations from related parties as set out in Note 12. The level of donations can vary from year to year and the level has increased in the current year to £490,200 (2024: £475, 175). Expenditure on charitable activities for the year amounted to £518,549 (2024: £486,000). The Trevor Hemmings Foundation only makes donations when sufficient funds are available, and the only fixed cost is an annual audit which is met by a donation. As such, the trustees believe that the minimum free reserves required are E1. The level of reserves at year end is therefore considered sufficient. The Foundation holds the level of free reserves at higher than the minimum to enable it to keep supporting charitable activities for a period in the event that donations were to reduce. Future plans The charitable company will continue to support charities and other charitable organisations. Page 1
The Trevor Hemmings Foundation (a company limited by guarantee) (Registered number: 03745870) Report of the Trustees for the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, Governance and Management 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 Trevor Hemmings Foundation was incorporated on 30 March 1999. As a company limited by guarantee, not having a share capital and governed by its memorandum and articles of association, the liability of the members in the event of a winding up is limited to £1 each. The trustees themselves appoint new trustees to their own body. The trustees keep up to date with changes in charity law and accounting developments on a continuous basis by reference to professional publications and training where necessary. Organisation structure The trustees who have served during the year and since the year end are set out below. Grant applications are made directly to the trustees, who meet regularly to assess the applications. The trustees then approve or reject the grants. Risk management policy The trustees have examined the major risks which the charitable company faces and confirm that systems have been established to provide regular reporting so that those risks can be mitigated. Internal risks are minimised by segregation of duties and procedures for authorisation of all transactions. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03745870 (England and Wales) Registered Charity number 1077311 Registered office Dower House Dawbers Lane Euxton Chorley Lancashire PR7 6ED Trustees K Revitt MG Tootell ML Widders CJ Hemmings PL Hemmings Company Secretary ML Widders Auditors McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA Page 2
The Trevor Hemmings Foundation (a company limited by guarantee) (Registered number: 03745870) Report of the Trustees for the year ended 31 March 2025 STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the charitable company's auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable company's auditors are aware of that information. AUDITORS The auditors, McMillan & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 26 June 2025 and signed on the board's behalf by: Munide ML Widders - Trustee Page 3
The Trevor Hemmings Foundation (a company limited by guarantee) Statement of Trustees' Responsibilities for the year ended 31 March 2025 The trustees (who are also the directors of The Trevor Hemmings Foundation (a company limited by guarantee) for the purposes of company law) are responsible for preparing the Report of the Trustees an he financial statements in accordance with applicable law and United Kingdom Accounting Standard: (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; • observe the methods and principles in the Charity SORP • make juagements 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 satemans co company ane Cence for a ting 10a% rable steps for the prevention and derelion of frau and other irregularities. Page 4
Report of the Independent Auditors to the Members of The Trevor Hemmings Foundation (a company limited by guarantee) Opinion We have audited the financial statements of The Trevor Hemmings Foundation (a company limited by guarantee) (the 'charitable company') for the year ended 31 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 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then - 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 ethica 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 Trevor Hemmings Foundation (a company limited by guarantee) 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. 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. Page 6
Report of the Independent Auditors to the Members of The Trevor Hemmings Foundation (a company limited by guarantee) 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 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 is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships; and : tested journal entries to identify unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potential litigation and claims; and reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors. laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. 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 7
Report of the Independent Auditors to the Members of The Trevor Hemmings Foundation (a company limited by guarantee) 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 fo lo other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility t 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. Nadi Neil McMillan FCA (Senior Statutory Auditor) for and on behalf of McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire 26 June 2025 Page 8
The Trevor Hemmings Foundation (a company limited by guarantee) Statement of Financial Activities for the year ended 31 March 2025 INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Grants made to other charities Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Notes 3 2025 Unrestricted fund 490,200 2024 Total funds 475,175 4 518,549 4,200 522,749 (32,549) 486,000 3,676 489,676 (14,501) 52,341 19,792 66,842 52,341 The notes form part of these financial statements Page 9
The Trevor Hemmings Foundation (a company limited by guarantee) (Registered number: 03745870) Balance Sheet 31 March 2025 CURRENT ASSETS Debtors Cash at bank Notes 9 2025 Unrestricted fund 4,200 19,792 23,992 (4,200) 19,792 2024 Total funds 3,675 52,341 56,016 (3,675) 52,341 CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 10 11 19,792 19,792 19,792 19,792 52,341 52,341 52,341 52,341 The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2025 and were signed on its behalf by: Mural. ML Widders - Trustee The notes form part of these financial statements Page 10
The Trevor Hemmings Foundation (a company limited by guarantee) Cash Flow Statement for the year ended 31 March 2025 Notes 1 Cash flows from operating activities Cash generated from operations Net cash used in operating activities 2025 € (32,549) (32,549) 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 (32,549) 52,341 19,792 The notes form part of these financial statements Page 11 2024 (16,001) (16,001) (16,001) 68,342 52,341
The Trevor Hemmings Foundation (a company limited by guarantee) Notes to the cash Flow Statement for the year ended 31 March 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Increase in debtors Increase in creditors Net cash used in operations 2025 (32,549) (525) 525 (32,549) 2024 (14,501) (3,675) _2,175 (16,001) ANALYSIS OF CHANGES IN NET FUNDS Net cash Cash at bank Total At 1/4/24 52,341 52,341 52,341 Cash flow (32,549) (32,549) (32,549) At 31/3/25 19,792 19,792 19,792 The notes form part of these financial statements Page 12
The Trevor Hemmings Foundation (a company limited by guarantee) Notes to the Financial Statements for the year ended 31 March 2025 1. ACCOUNTING POLICIES The Trevor Hemmings Foundation, formerly The TJH Foundation, (the "Company") is a private company limited by guarantee, incorporated, domiciled and registered in England in the UK. The registered number is 3745870 and the registered address is Dower House, Dawbers Lane, Euxton, Chorley, Lancashire, PR7 6ED. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitable company's financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102)) and the Financial Reporting Standard 102 applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2016. The presentation currency of these financial statements is sterling. The accounts have also been prepared on a historical cost basis. The principal accounting policies and estimation techniques are detailed below. 2. 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 convention. The financial statements have been prepared on a going concern basis which the Trustees consider to be appropriate for the following reasons. The business model of the charity is such that its charitable activities are limited to those which it has sufficient funds to support from the excess of funding received over the costs of administering the charity. The charity therefore has no specific commitments and no committed costs beyond its fixed costs of operation which are detailed in note 6. The Trustees have reviewed the cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that the charity will have sufficient funds to meet its liabilities as they fall due for that period. Consequently, the Trustees are confident that the charity will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. 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. Donations Donations and other income are credited to the statement of financial activities when receivable, gross of income tax where applicable. Interest and dividends receivable Interest receivable relates to bank interest received in the year and is credited to the statement of financial activities as it becomes due. Page 13 continued...
The Trevor Hemmings Foundation (a company limited by guarantee) Notes to the Financial Statements - continued for the year ended 31 March 2025 2. ACCOUNTING POLICIES - continued Income Dividends are credited to the statement of financial activities when receivable. 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 payable Grants payable are included in the statement of financial activities as soon as the obligation arises. Irrecoverable VAT Irrecoverable VAT is accounted for in the expenditure category under which the cost is incurred. rants offered subject to conditions which have not been met at the year end date are noted as mmitment but not accrued as expenditur 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. DONATIONS AND LEGACIES 2025 Donations 490,200 2024 475,175 Page 14 continued...
The Trevor Hemmings Foundation (a company limited by guarantee) Notes to the Financial Statements - continued for the year ended 31 March 2025 CHARITABLE ACTIVITIES COSTS Grants made to other charities Grant funding of activities (see note 5) 518,500 Support costs (see note 6) 49 Totals 518,549 GRANTS PAYABLE Grants made to other charities 2025 2024 518,500 486,000 During the year, the charity made 14 grants (2024: 15). 2 grants were made to Hospice Care IOM in April 2024 and March 2025. There were no support costs incurred for grant making activities. An analysis of the grants payable is shown below: Grants made to organisations: Medical Grants Alder Hey Children's Charity Spinal Injuries Association Parkinsons UK Cancer Research UK Macmillan Cancer Care Dementia UK Lancashire Teaching Hospitals NHS Foundation Trust Prostate Cancer UK Alzheimers Research UK Breast Cancer UK Social welfare grants Carers Trust Suide Dogs for the Blin Hospice Care 12 grants) St Catherines Hospice Stick n Step RNLI Samaritans of Preston & District Variety Children's Charity Other grants Injured Jockey Fund Charity number 1160661 1054097 258197 1089464 261017 1039404 1051194 1005541 1077089 1138866 1145181 209617 1127498 IOM317 512186 1136997 209603 219432 209529 1107395 2025 50,000 30,000 50,000 - 50,000 5,000 41,000 5,000 : 100,000 1,000 45,000 22,500 45,000 50,000 2024 55,000 30,000 25,000 30,000 30,000 5,000 (50,000) : 50,000 30,000 50,000 50,000 55,000 50.000 50,000 Page 15 continued...
The Trevor Hemmings Foundation (a company limited by guarantee) Notes to the Financial Statements - continued for the year ended 31 March 2025 GRANTS PAYABLE - continued Retraining of Racehorses Greatwood Charity 1084787 1117322 24,000 518,500 25,000 486,000 6. SUPPORT COSTS Finance Other resources expended Grants made to other charities 49 Governance costs 4,200 4,200 Totals 4,200 49 4,249 7. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Auditors' remuneration 2025 € 4,200 2024 3,675 9. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees' expenses There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors ,20 3,67 Page 16 continued...
The Trevor Hemmings Foundation (a company limited by guarantee) Notes to the Financial Statements - continued for the year ended 31 March 2025 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 11. 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 At 1/4/24 52,341 52,341 Incoming resources 490,200 490,20 2025 4,200 Net movement in funds (32,549) (32,549) Resources expended (522,749) (522,749) Unrestricted funds General fund At 1/4/23 € 66,842 TOTAL FUNDS 66,842 Comparative net movement in funds, included in the above are as follows: Incoming resources E Unrestricted funds General fund 475,175 TOTAL FUNDS 475,175 Net movement in funds (14,501) (14,501) Resources expended (489,676) (489,676) Page 17 2024 3,675 At 31/3/25 19,792 19,792 Movement in funds (32,549) (32,549) At 31/3/24 52,341 52,341 Movement in funds (14,501) (14,501) continued...
The Trevor Hemmings Foundation (a company limited by guarantee) Notes to the Financial Statements - continued for the year ended 31 March 2025 11. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows: At 1/4/23 Unrestricted funds General fund 66,842 Net movement in funds (47,050) At 31/3/25 19,792 TOTAL FUNDS 66,842 (47,050) 19,792 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as tollows: Incoming resources Resources expended E Movement in funds Unrestricted funds General fund 965,375 (1,012,425) (47,050) TOTAL FUNDS 965,375 (1,012,425) 47,050 12. RELATED PARTY DISCLOSURES Donations of £490,200 (2024: E475,175) were received during the year from Northern Trust Group Limited and its subsidiary companies. K Revitt, ML Widders and PL Hemmings, Trustees of the charitable company, are also directors of Northern Trust Group Limited. Page 18