**THE LIN BERWICK TRUST REGISTERED CHARITY NO. 1083039 (ENGLAND)** **REGISTERED CHARITY NO. SC039659 (SCOTLAND)** **A COMPANY LIMITED BY GUARANTEE, NUMBER 4055205 REGISTERED IN ENGLAND** **REPORT OF THE DIRECTORS & TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024** **MOORE GREEN CHARTERED ACCOUNTANTS SUDBURY SUFFOLK** **THE LIN BERWICK TRUST** ## **CONTENTS** ||PAGE| |---|---| |Charity Information|1| |Trustees' Report|2-4| |Independent Examiner's Report|5-6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Accounts|9-13| |Detailed Income and Expenditure Account|14| **THE LIN BERWICK TRUST** ||**CHARITY INFORMATION**|**CHARITY INFORMATION**| |---|---|---| |**Directors & Trustees**|I Duncan|| ||J Wilkins|| ||J Budd|| ||S Howting|| |**Company Secretary**|M Toosey|| |**Registered Office**|22 Friars Street|| ||Sudbury,|| ||Suffolk.|| ||CO10 2AA|| |**Independent examiners**|Moore Green|| ||22 Friars Street,|| ||Sudbury,|| ||Suffolk.|| ||CO10 2AA|| |**Bankers**|HSBC Bank PLC|| ||133 Regent Street,|| ||London.|| ||W1B 4HX|| |**Company Number**|4055205|| |**Charity Number**|1083039|England| ||SC039659|Scotland| **Page 1** **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024 DIRECTORS AND TRUSTEES' REPORT** The Directors and Trustees present their report with the accounts of The Lin Berwick Trust for the year ended 31 December 2024. ## **Statement of Trustees' Responsibilities** The Trustees (who are also directors of The Lin Berwick Trust for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit for its financial year. In doing so the Trustees are required to: - (a) Select suitable accounting policies and apply them consistently; - (b) Observe the methods and principles in the Charities SORP; - (c) Make judgements and estimates that are reasonable and prudent; - (d) State whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements; - (e) Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable it to ensure that the accounts comply the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) . 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. ## **Directors and Trustees** All directors of the company are also Trustees of the charity, and there are no other Trustees. The Trustees in office during the year were as follows: I Duncan J Wilkins J Budd S Howting Appointment of Trustees is governed by the Memorandum and Articles of the Charity. The Trustees are authorised to appoint new Trustees to fill vacancies through resignation or death of an existing Trustee. The main day-to-day management of the Trust has been delegated to the Trust Manager. **Page 2** **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024** ## **DIRECTORS AND TRUSTEES' REPORT CONTINUED** ## **The Charity's Objectives** The aim of the charity is as follows: To provide relief for physically disabled people, their families and carers, through the provision of grants for holidays. ## **Presentation** The accounts have been prepared in order to comply with the Statement of Recommended Practice - Accounting by Charities 2019. ## **Status** The company is registered under the Companies Act as a company limited by guarantee and not having a share capital (number 4055205 registered in England). The company is registered as a charity in England (number 1083039) and in Scotland (number SC039659). The company is governed by its Memorandum and Articles of Association. The accounts comply with current statutory requirements and with the company's governing document. ## **Reserve Policy** All three holiday properties have been transferred to new owners to change the business model and donate all three properties to like-minded charities. ## **Identification of, and Action to Mitigate, Major Risks** The Directors and Trustees have adopted a Financial Control Policy which is regularly reviewed. Expenditure requires authorisation by the board of Trustees before payment can be made. Monthly management accounts are prepared and distributed to the board of Trustees, along with a commentary on the charity's current financial position, expectations of future income and expenditure, and any variation from previous expectations. The Trustees regularly review the policies and day-to-day operations of the Trust with a view to identifying any issues within the systems and any areas of risk to which the charity might be exposed. It is the policy of the Trustees to take all reasonable steps to ensure that any such risks are clearly quantified and that action to remedy them is undertaken immediately. Similarly where any deficiencies in the systems of the charity are identified, action is taken to remedy these as quickly as possible. ## **Public Benefit** The Lin Berwick Trust provides grants to people who are disadvantaged as a result of their disabilities so that they can have a holiday at one of its three former specialist holiday properties. In so doing it supports both the individual with disabilities and their carers. **Page 3** 31DE Flnan¢W R8¥hw The incomefor theTrusl forthe yearwas E28.158 agaknst a tolal for 2(r23 of£12911. Therewas volunlary inwm (rf£24,367 {2023 £9,513) in trAal In¢ome. Resems now stand 81 £188.475 att ofTAt** rnl*• lo dwol ofthe tho1 opety hekl by the TnJ8L d￿15￿)n lo chang8 the buslness model aThJ b) donato au thrn• dtho pwrfitss to WrttrmhNJed th•rfllM. Th• thlryl lrnn8forr•d108tyowkn January 2021 The remaknlng cagh re8eNes be used to ￿mIes[sn￿ fcf al the th￿f0M￿SpeC￿lIIt ho Th? rnason forth18 declthn was thaiwfth onty tlireo ho]Iday iental arciund tkn VAT ' IlwesW but djd nol offer the opportunlty lo 8x(wJ it sufficknntb b m•k• VAT Tegk**kJn vhbb. Wtth no C￿nC4 of ' inue85iN its Income tho was unabl• to lake on m¢)ro $laff. Thb mod• th& ond management af o fwth trdlday propety inw*. Wthout Ihe abiW tO9mw and Ihe c05t 0fmaintai￿n& th8 8xisllng I￿LIaY Propert￿ o)nlnwng to r* itwas doartW existing buslness m(M* ￿ rrf) Wviablè. In Igm oltho abo￿. th• etsrftyvAI nol •ny fulurn do￿￿ne The polty ol Tnwt In ts 8ppotnln￿nl ofnwTnMtO8815 orty recixnmBndallon ¢urr•nt Tru8t•65. Ali nthvTNsl¢M mu¥t w4kle an ¢Wo41* CV logether ￿ e¥kl8rKe Offr￿neAll kM*. ' oither dk•ct oldlsabfty, 8¥klen(* ofmkldl• trj 8enK)r m•nagemert ewrknnce In tduslry the servlo an￿ Y possbkn, gome ￿l￿A￿dye oftt* T￿￿$1 i￿U5￿ (selfDonations and legacies
Investment income
**Total incoming resources**
**RESOURCES EXPENDED:**
**Expenditure on charitable activities**
**Other expenses**
**Total resources expended**
**Net movement in funds**
Balance brought forward
Revaluation Reserve
Transfers between reserves
Balances carried forward at
31 December 2024|**NOTE**
**UNRESTRICTED**
**£**
**2**
24,367
3,791
**28,158**
**4**
42,606
**3**
34
**42,640**
**(14,482)**
**14**
202,957
**14**
0
0
**14**
**188,475**|**NOTE**
**UNRESTRICTED**
**£**
**2**
24,367
3,791
**28,158**
**4**
42,606
**3**
34
**42,640**
**(14,482)**
**14**
202,957
**14**
0
0
**14**
**188,475**|**TOTAL**
**TOTAL**
**RESTRICTED**
**2024**
**2023**
**£**
**£**
**£**
0
24,367
9,513
0
3,791
3,398| |---|---|---|---| ||||**0**
**28,158**
**12,911**
0
42,606
231,602
0
34
13| |||**42,640**|**0**
**42,640**
**231,615**| ||||**0**
**(14,482)**
**(218,704)**
0
202,957
595,242
0
0
-173,581
0
0
0| ||||**0**
**188,475**
**202,957**| All disclosures relate to continuing operations. **Page 7** LIN BERWICK TRiAT EN[￿D 31 DECEMBER 189.710 189.710 204.155 204.155 I•¥￿Un￿ tslung du• **hln 1 >•w 188.4TJ UABILmE8 188A75 202.957 12 188.475 202,957 188.475 r•tsxd$ 8nd for the p￿parab￿ of ￿)unt* coThynles reglm& **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS** ## **1. ACCOUNTING POLICIES** ## **1.1 General information and basis of preparation** The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The accounts have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The Lin Berwick Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transition value unless otherwise stated in the relevant accounting policy note(s). The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. ## **1.2 Funds** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. ## **1.3 Income recognition** Voluntary income and donations are accounted for as received by the charity. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs. No permanent endowments have been received in the year. Investment income and gains are allocated to the appropriate fund. ## **1.4 Expenditure recognition** Administration expenditure includes all expenditure not directly related to the charitable activity. This includes staff salaries for administration staff and the auditor's fee. Fundraising expenditure comprises costs incurred in inducing people and organisations to contribute financially to the charity's work. **Page 9** **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS CONTINUED** ## **1.5 Tangible Fixed Assets and Depreciation** Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer equipment 33% on cost Fixed assets donated to the charity are included as donation income at market value at the time of receipt. ## **1.6 Debtors and Creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **1.7 Provisions** Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. ## **1.8 Value added tax** Value added tax is recoverable by the charity and as such is excluded from the relevant income and costs in the statement of financial activities. ## **1.9 Tax** The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets definition of a charitable company for UK corporation tax purposes. ## **1.10 Going concern** The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern for the forseeable future. ## **1.11 Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. **Page 10** **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024** ## **NOTES TO THE ACCOUNTS CONTINUED** ## **2. DONATIONS AND LEGACIES** |**ATIONS AND LEGACIES**|| |---|---| |Bequests
Donations from individuals
and organisations
Grants receivable
**R EXPENSES**
Legal and professional fees
**NDITURE ON CHARITABLE ACTIVITIES**
Staff costs
Insurance
Depreciation
Other direct charitable expenditure
Independent Examiners fees
Bank and merchant charges|**Total**
**Total**
**Unrestricted**
**Restricted**
**2024**
**2023**| ||24,167
0
24,167
7,500
200
0
200
250
0
0
0
1,763| ||**24,367**
**0**
**24,367**
**9,513**| ||**Total**
**Total**
**Unrestricted**
**Restricted**
**2024**
**2023**| ||34
0
34
13| ||**34**
**0**
**34**
**13**| ||**Total**
**Total**
**Unrestricted**
**Restricted**
**2024**
**2023**| ||6,558
0
6,558
7,120
0
0
0
370
0
0
0
2,185
34,725
0
34,725
220,255
1,200
0
1,200
1,550
123
0
123
122| ||**42,606**
**0**
**42,606**
**231,602**| ## **3. OTHER EXPENSES** ## **4. EXPENDITURE ON CHARITABLE ACTIVITIES** ## **5. SURPLUS FOR THE YEAR** The surplus of income over expenditure is stated after charging: Independent Examiner's Fee ||**2024**|**2023**| |---|---|---| ||1,200|1,550| **Page 11** **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS CONTINUED** ## **6. STAFF COSTS** No remuneration or expenses reimbursed were paid to Trustees in the year. The cost of the remaining staff were: |Wages and salaries
Pension|6,117
6,679
441
441| |---|---| ||**6,558**
**7,120**| The average number of employees for the year was 1. No remuneration was paid to the Trustees. ## **7. TANGIBLE FIXED ASSETS** |**COST**
At 1 January 2024
At 31 December 2024
**DEPRECIATION**
At 1 January 2024
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2022|**Computer**
**Equipment**
**Totals**| |---|---| ||1,232
1,232| ||1,232
1,232
1,230
1,230| ||1,230
1,230| ||**2**
**2**| ||| ||**2**
**2**| The website was closed down during the year as no further bookings will be made with the charity and as such the website no longer serves a purpose. On this basis there has been a permanent diminution in value of the asset. ## **8. DEBTORS - amounts falling due within one year** |**ORS - amounts falling due within one year**|| |---|---| |Other debtors
**ITORS - amounts falling due within one year**
Trade creditors, accruals and deferred income|**2024**
**2023**| ||0
0| ||**0**
**0**| ||**2024**
**2023**| ||1,237
1,200| ||**1,237**
**1,200**| ## **9. CREDITORS - amounts falling due within one year** **Page 12** **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS CONTINUED** ## **10. CAPITAL** The Lin Berwick Trust is a company limited by guarantee, not having any share capital. ## **11. CONTROLLING PARTY** There is no controlling party, due to the fact there is no share capital and no single Trustee/director has overall authority. ## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS** |Fund balances at 31 December are
represented by:
Tangible fixed assets
Current assets including cash at banks
Current liabilities|**Unrestricted**
**Total**
**Total**
**Reserves**
**2024**
**2023**
2
2
2
189,710
189,710
204,155
(1,237)
(1,237)
(1,200)|**Unrestricted**
**Total**
**Total**
**Reserves**
**2024**
**2023**
2
2
2
189,710
189,710
204,155
(1,237)
(1,237)
(1,200)| |---|---|---| |||**188,475**
**188,475**
**202,957**| ## **13. TRUSTEES AND RELATED PARTY TRANSACTIONS** During the year the charitable company rented premises from another charity with some of the same Trustees. The rent was on a commercial basis and amounted to £2,244. ## **14. ANALYSIS OF RESERVES** |**LYSIS OF RESERVES**|| |---|---| |**Unrestricted Reserves**
Revenue account
**Free Reserves**
**Total Reserves**|**Transfers**
**Balance at**
**Incoming**
**between**
**Balance at**
**01/01/2024**
**Resources**
**Expenditure**
**Reserves**
**31/12/2024**| ||202,957
28,158
42,640
0
188,475| ||202,957
28,158
42,640
0
188,475| ||**202,957**
**28,158**
**42,640**
**0**
**188,475**| The revaluation reserve was cleared during the year upon the sale of the final property. ## **15. GOING CONCERN** Following the donation of the final specialist holiday property to new owners and the consequent further reduction in overheads the Trustees consider that with the current level of cash reserves and the proposed level of annual grant-funding the charity will be able to continue as a going concern for the foreseeeable future. **Page 13** **THE LIN BERWICK TRUST** ## **YEAR ENDED 31 DECEMBER 2024 DETAILED INCOME AND EXPENDITURE ACCOUNT** ||||||**Total**|**Total**| |---|---|---|---|---|---|---| |**Note**||**Unrestricted**|**Restricted**||**2024**|**2023**| |**INCOME:**||||||| |**- Office**||||||| |Bequests|**2**|24,167||0|24,167|7,500| |Donations|**2**|200||0|200|250| |Grants - General|**2**|0||0|0|1,763| |Interest Received||3,791||0|3,791|3,398| |**TOTAL INCOME**||**28,158**||**0**|**28,158**|**12,911**| |**EXPENDITURE:**||||||| |**Expenditure on charitable Activities**||||||| |**- Office costs**|**4**|||||| |Independent Examiner/Accountancy fees|**5**|1,200||0|1,200|1,550| |Bank & Merchant charges||123||0|123|122| |Expenses - Office||819||0|819|782| |Insurance||0||0|0|62| |Donations||30,777||0|30,777|28,618| |Staff salaries|**6**|6,117||0|6,117|6,679| |Pension|**6**|441||0|441|441| |Legal fees|**6**|885||0|885|999| |Rent and rates||2,244||0|2,244|1,582| |Profit/loss on permanent diminution in value- website||0||0|0|2185| |||**42,606**||**0**|**42,606**|**43,020**| |**- Berwick Cottage**||||||| |Insurance||0||0|0|133| |||**0**||**0**|**0**|**133**| |**- Denis Duncan House**||||||| |Insurance||0||0|0|89| |||**0**||**0**|**0**|**89**| |**- Ralph Boyce House**||||||| |Insurance||0||0|0|86| |||0||0|0|188,274| |||**0**||**0**|**0**|**188,360**| |**Other expenses**|**3**|||||| |General governance costs||34||0|34|13| |||**34**||**0**|**34**|**13**| |**TOTAL EXPENDITURE**||**42,640**||**0**|**42,640**|**231,615**| |||||||| |**EXCESS EXPENDITURE OVER INCOME**||**(14,482)**||**0**|**(14,482)**|**(218,704)**| **Page 14**