REGISTERED COMPANY NUMBEIL 04926S63 (England and Wales) REGISTERED CHARITY NUMBER: 1101803 REPORT OF THE TRUSTEES AND FINANCIAL sfATEMEPS FOR THE YEAR ENDED 31 OCTOBER 2023 THE UNDSAY FOUNDATION Hardey Fer LLP Chartered Accountsnis 4th FbjorTUrti Ho 27-37 st Georye¥ R03d Wlmbledon London SW19 4EU
THE LINDSAY FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDKI 31 ocfoBER 2023 I to 3 Indepentlw Examkn8 Report Stknnertof Financ1 A¢d¥lll4• Bnco Sh? NotsAtoth• Financlal Stotsments 7 10 12 D•t•iled StrteMta1 Flnancllll Actlvltle• 13
THE LINDSAY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR EhlDED 31 OCTOBER 2023 tnJ5tees who are akn directors of the charity the purposes of the Comp]nS Pd 2006, pwnt thelr report wf(h the rInr1$ statements of the tharity for the year ended 31 October 2023. The trustees have adopted the provL4ions d Accounkn"ng nd Repc#ting by Charittes: Statsment of Recuntnended prti applicat4e to thorftles pparing thelr accounts in accordan with the Finaal Reporting Stsndard applICab in the UK and RepU1C of Ireland {FRS 1021 leffelfjve l January 2D191. ObJecti¥eg and almg The object of the charty is to ProVC finandal support for dkirftatle orqanisyUS or for tharltsLqe pwposes a5 dtrected by the tnAee& loundation is parucularly Inter&ed In fundng smaller (x9OnlsaOTr5 that do not hwe the funds to atfverfse. The malorty of approache5 fL fvnding come from extemal organisaliorts whlle a small minority come frl frfends dnd assoclates. The LsaY Fndaton th now entifIed several charlties ihat wlll be supportaj long temi hthlch wlll reduo the amunt of new approactss that are 5wcessful. In order to keep experfjes to a minirnum any work undertaken by Trustees Is nct chargeEI to the Foulat)n wrth the excepbon of work on charity properts which is charged at a sJnific3nUy ¥educed fee. Qflte spa1 equiprrent, telep aTrJ ststwjnery Is cwrenty provlded free of tharge try a Trustee. The Foundation dces not fundrni5e arKI hDlds Invethents In form of reshjentkl prope5 whkh are kt to tynerate inccme to be aPE4d In fUrther7n of charttae object& Publlc b•nefit The trustee5 have complled Iwth the duty In sectbn 17 of the Act 2011 to have due regard to pubk tenefft guLdance put4lshed by the Charfdes commis. ACHIEVEMENT AND PWOIIMANCE Charltabl• Jctivitios When an initlal approach Is rnade, enqrS undertaken v ethw The Qjarfty ComrnLsscffj or the lrtemet to eabllsh tl%ai It Is o genulne Chartsb ¢Jrganl$3lion. tssues SLth as up to date accounts, Incorre, expendtture and ObjetheS are tsken Into consldercfj when decldlng whetIr to award fundlro. The Trustees are keen to hear flr# hand from Ihrtse Invced In the oryanL5atknn Mang the aptaCh. The Founthtlon dces not ojrrenity quITe the CL¥lletiOn of an appllcats.on form for fuThJlng. JI apwoths to The Llndsay Foundabon be fir&ly by emoll :. ItlIYrOundatyon lrM.net) where aFpwches can be sent d1cL Em4lled apprhe5 shouw be sent for efflciency and enwrfng recelpt (Ner a p05t61 applicab"on. OrganSsatKJn5 J are unscesSful re£ve an email conflmij thls. wlth bst year there has been a rnarked Increase In the numter ol approoche5 recElved WIth thls year ènd when they are tsou9h the pc6t11 takes a considerable arnourt rf rne lo prc(e on agaln please seryj approaches vla erna. The Founthuon alms io support a we rar¥Je crf issues and Lg partlcularfy hteresied In I[ng maller organknkn that do not have the fund5 to adverte. In the year under leW The Llnd5ay Foundatton has agah supp issues from Anlmals, Children, Farnlty, Edu&itlon, Rehabllitslon, and Envlrorment. lthere posltle the trustees vlgt charitable orgintsatMs to flnd cut whe the funds a used and ts see how they a monageil. Durtro 2022-23 the Foundayon ccffjtnued to 5UPPYt goIng projects for Castaway Lucy - 8ulgwla, Brffjsh Red Cross, Qirnincm, Campalgn Whale, Plan IntematSonal, Nalutama FouThktion, Prfsoners of conence, Ange15 Inttr(%*lc¢MI, 8ulk11ng a Future and everal animal rescue oryarusations The charfty ha5 identlfied ts main 5powrs the next 2-5 Yea 9) few appllcatkjrs rfll be consbdered, In¥e5tsnent performance The charw's inve5bMent pro1"eS generated rental income of £33,00012022- £36,000) The value d the wwestsnent Flerb.e5 at the yr end was e#1ted by C A Morrow based valua Supplied by loral property professk)Th31s at £1,400,000 on an open mathet bas5.
THE LINDSAY FOUNDATION REPORT OF THE TRvsfEES FOR THE YEAR ENDED 31 ocfoBER 2023 FINANCIAL REVIEW Investment poliry and I•¢t1¥e9 Three reslents'al investment prowUes are hell cffj a long temi basb for the cc4)th)ulng benefit of the Charitab cwany the forrn InCe and Cats1 appLIOn. The income recaved enable5 the chwty to urry OLt ts charftabk athties. F1(ng consutOn with propety professionals, the invethent propetts are revalu8a eath year and are ststed In the accounts at thelr mated cpen market value. Re5er¥es policy Ills the foundatKJn's oim to kep a bank reserve of no kn t3n £io,c#JO in each year. ExFenditure ha5 ken kept io a rninirnum by all Trustees offwlng thew service5 free or kn the case of proFerty expenses for slgnifKant reduth¢ In their usual charge& The Tnths we keen to estsNish Stronger links wlth the that are SUFPOrted on a regT ba4s. The FoUnd3c has Identified several pmiects for fvndlng for the next 2-5 yews :_ craeV ènd Horsharn HoTh-SiarL 8ulldlng futu for Pewvkn Chlkdren, Natulama Colornbla, Cn"mIn, Carnpaign Wha, UFE TrrtY Castaway Lucy BUaria, Nade in India, and on90ing projeLts Ange15 Internatial in Mala¥. The Trustees are aware of the current rehigee crfsSs and are keen to moke future donatDns to those woviding relief. srRUCTURE, GOVERNANCE AND MANAGEMEIIT Go¥emlng docufflent The charity Is controlkd by its grNerniTrJ dKunnt, a deed of trust, and ccrt4tutes a Ilmf(ed companyi Imiled ty guarantee, as defined by the Cornpjnles Att 2006. The FndatIon currentty has trustees wh) meet on a 6 TrKfithly baS to dlscuss areJ5 of attfvty Bnd to sort throu9h approaches for flnanaal alae. The day to day admlnlstratlon Is cathed out ty Trustee arvj Company Secretay Ml% C Morrvw. The chorty Is a cunpany Ilrntsd ty guarantee. In the evert of tt charty belng wound Upi the Ikibllity In respect of tr 9uarantee Is Ilm5ted to £10 rer member of tharity. The tharlty's IrnIng docurrnts are ks nK¥andM and ArU(S of AssKiètknn. The trustses. who are a150 thE dlrectors of the cornpany, are ected by the rnembers company. Every nmber of the corryany dertakeS to contrfbute to the assets of the ccfflpany in Ihe evenl of the same beiThJ up whlle he a member, ¢f, vlthSn one year after he aSe5 to be a member, tr the payment of debts and labllltLe5 01 the CoMY contracied before he cease5 to be a rnernber, and of the cos. charge5 arnl exper of ¥%lnding up for the adjustment cl the rl9hts of the CQntrftorS arng themselves amounts as may be requtred not exceedirwj ten pound& RacNltment ond Jppolntmertof new trustees On November 14th 2013 Mlss Charlotte Morrow and Mts5 exandra Walace Dunlop 4reed the laitevs Tde a% E4rthr and Trustee. There are plan5 to recruf( addltknal tru&ees, orn1$tional ytrurtu The Foundatlon Current has truees who et on a 6 monthty basls to dlscus5 areas of attfvty and to th thrOh aVrcheS for financial assistance. The day to day admln1stratl is carrfed out by Trustee and Company Secretary Miss C Morrow. The majorfty of approèd)es for lundiThJ come from extemal oryanlsaty.ons whlk o small rniTrthty con from friend5 and aswates.The Lindsay Foundation has row Identyfled several charitles that wll be supported long terrn which will reduce the amount cl r*w approaches that are su$sfUl. In order to keep expenses to a minlmum any hDrk undertaken by the Trustee5 15 nct charged to the Foundation with the exception of work on the charrty propertles whlch is charged at a 5ignthL3rrtly reduod f. Office spa1 equlp¥MenL telep) and siatlonery is ojrrently lded free of tharye ty a Tr.
THE LZNDSAY FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 (rfoBER 2023 STrUCTURE, GOVERMANCE AND t4ANAGEMEpir Ri management The truS have a duty to hlenbfy and revlew the risk5 to the chaiity i% exposed arKI to enswe approprfate CtroL5 a In pr to de reag)nJb asy1rdn again fraud arK1 err. The only the TnJes conshjer Is the destructm d the the invethent prcoatles wkm'th are valued at £1.400,OUO. Approprkite insu¢3nces are hdd by tharlty to mitigate thls risk. Annual LAThlknrd Saf th&$ are cArried out at thè pro)#bes ty a 914£%1 engineer and srrK)ke alaffns have Ir&21d. AJI prOrtIeS are visted on an annual ba$ to that any woL4wisare deaf( wth LEfore thÈy CCAJld signfficant There have been no swnifvant probkn)s wf(h the rtaI prottsts ts r1ertt finandal year. REFEREPKf AND ADMINISTRAnVE All5 Reglstered Company numb¢r (7926563 (England and Wa.£) Re4stsred Chath number 1101863 Regist¢r¢d offlce $jthvW Famihouse Terta Amats 8roadford Brge Ro)d West ChlltlngtDn We Sus PH20 2LF Msc A MNrtyY Con9Jft3nt ISS A WallaDnP TheSs Cc4)&Atant Cornpany Secretary Ms C A Morr(M IndepeThlert examiner Jonathan Askew FCA Hart Fowler LLP (Jartered AltaTrts 4th Fknr Tuf(IN House 27-37 St George'5 Road Wlmblefy London SW19 4EU The Llndsay Foundation was egabllstted In Fetfuary 20Tr1 tQ 9JPWJrt a wide rnn9è of Issues that were of interest to the Tru&ees and as9xte& FUNDS HELD AS cusfoDIAN FOR OThERS The FwThYation does not ho any fijnds on hall of cther& Thls r470rt has bn wered In aco)rdants wr¢h the sF£tsl provirts of Part IS of the Compans fv£t 2006 reLiting to ynall ccffipanie5. )wowJ by the boar(J of tru*ees on 20 lanuary 2025 aThJ on rts f£haK by: Ms C A MorYchV- Tnjs
INDEPENDEKf EXAMINER'S REPORT TO THE TRuEE5 OF THE UNDSAY FOUNDATION Independent examlnerf5 report to tha trustee5 of The Lindsay Foundation Cthe Companv) I report to charity trustees on my examination of the accounts of the Cornpany fw the year ended 31 Ckbjbw 2023. Respon51bilities and bail$ of rept A5 the tharty's trLStees of the Company la its direciors for the purpose5 of c(mpany law) yw are 5ptle for the preparotkn of the acco In accordance with the requirements of the Companie5 Act 20[ Ilhe 2006 kt,). HaD9 satisfied myself that the accounts of the Cornp4ny are not requlred to be audited undef Part 16 of the 2006 Act and are eligie ft)r independent examln&on, I report in resrtct of my examlnation of your charty's accounts a5 carried out under Section 145 of the a)aribes Act 20111'the 2011 kt'l. In carr out my examina0 I have fdlowed the Dlrections gNen by the Clkryrtty Commission under seth 145($1 Ibl 2011 ACL In<kpend¢nt amine1.5 Jtatsm•t I have cunpleted my exarndnatiL. I ccrfim that Th) matters hwd to my attenyon In connecyon ¥th examlnauon gn9 me cause to beleve., accountw records were not kept In respect of the Company a5 requlred by Sethon 386 of the 2txK kt; or tr acCntS do nct accord wlth those reccAs,' c¢ the accoLxts do not compty with the a(LOUnrj requirements ol Secuon 396 of the 2006 PLt other than any requiremert that the accounts gfve a true ond falr vSew whkh is n( a matter consldered as port of an IndepeTrJent exanlnation; or the attounts have not prepared In accordance wlth t1 meth&Js and prirlples of the ststeftnt of Recornmended Practlce for accountlThJ and by tharitles (aFplicable to charib'es preparlng thelr Kcounts In acCOrdae wth the Fknandal Reportlng Standard appltolk In the UK and RepU1C of Irela IFRS 102)). I have no rcrvms have across no other matters In condIOn wlth the exanlnatbon to attention shoLld be drawn In thls report In on1er to enable a proper understsndlng of accounts io be reathd. Jonath Askew FCA Harfey Fovler LLP charte Accountants 4th Floor Tuitlcfi H 27-37 St Ge¢xge'5 Road Wirntled SW19 4EU 20 January 2025
THE LINDSAY FOUNDATION srATEMENT OF FINANCIAL ACTIvrrIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2023 2023 Unre5trict8 funds 2022 funds Notes INC¢)ME AND ENDOWM8ifs FROM tnvethert Inccffle Cther Inccfne 33,241 160 36,025 Icm) Totsl 33,401 36,125 EXPENDrnJRE ON RaIng funds 2,664 3,614 CharltaN• actlvltl Charftable expendliure 42,4rJ 36,535 Totsl 45,137 40,149 Net galns efi Investments 85,000 NEf IPlCOP4E 48,264 80,976 RECONCILIATION OF FUNDS Totsl lurnts broLMJht forward 1,372,983 I,292,C7 TOTAL FUNDS CARRIED FORWARD 1,421,247 1,372,983 The rh)te5 form part ofthese slaternts
THE LINDSAY FOUNDATION BALANCE SHEE[ 31 OCTOBER 2023 2023 Unrestritted furnls 2022 Total funds Inv851Jnent k¥op 1,400,OOD 1,340,OtKI io 2,173 28,377 4,895 36,363 Cash at baThk 30,550 41.258 Arnounts falTh'ng due wrtNn one year li (9,3031 {8,275} CURRENT ASSErs 21,247 32,983 TOTAL isseTS LESS cURREf LIABIUTIES 1,421,247 1,372,983 1,421.247 1,372,983 JNDS UDre5triLtrd funds.. General fund Falr value reseNo 12 951,182 470,1165 962,918 410,OSS 1,421247 1,372,983 TOTAL FUNDS 1,421,247 1,372,983 The dn13t1 ccfflpHThy & enthed to exemptkjn from audr( under S&tion 477 of the a)Mpae5 Art 2W6 for the year w)d 31 October 2023. The members have not rewred the crffjpany to obtsin an audit (4 Its fifiala1 ststw)ents lly the year er 31 Cthter 2023 in accordan S0 476 of the CpanS Act 21K)6. The tru#ees ackNedge thelr resp0nslbilitS lor ensurfng that Ihe tharttable ccmpany keeps accounung re(xds that ccrnply Se¢fy)ns 386 and 387 of the Ccrfnpanie5 Ad 2006 and prq)arlng finandal Statnts whh gSve a true and klr view of the state of affalrs of the tharltsbie ccffjpany as at the end of eth a[la1 year and of ts surplus or dert for each finanal year In accordan wlth thè refjjlMents of Sectlons 3 and 395 and Wh o¢herwl vrtch fv reqrernents cl the ftsnpBn5 Art 2006 rektlng to finrAl strtements, g) far as applrdbk to the tharStabk cornpany. Ihese finanthi sratemeThts have prepaod in a¢xordarKe wf(h the pThsKms OFpknble to th3rtt3b companles to the srnoll companies 91rne. {bl The fffianual stat2ments were aF¢ed by the Board of Tnjstees and auihtrisoy for Issue on 20 January 2025 and were SJrd en ts behaw ty: C A Mornm . Trusiee The nottsforrn part of the5efin•wi staterfi•ts
THE LIMDSAY FOUNDATION 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR END) 31 OCTOBER 2023 STATUTORY INFORMATION Llndw Fndati Is a tharitable Company, lirnthd by guarantee, reglstered In England and Wale5. The Ccffip reg[sted numlrr dTrJ wistefed office address can be found in the ReFX)rt of the Twst&s. The finandal inforrnauon pwnted is for the year ended 31 Cktoter 2023 31 Cthber 2022 aThJ the present3Uon ojrrency of the finarKlal ststemerts is the Pound Stetling 1£). ACCOUNTING POLICIES B)4s of preparlng thè finandBI st)temortt• The finaffwl statements of the tharitab compony whth Is o public benefit entity under FRS 102, have been prepa in accordan wbth the Charities SORP IFRS 1021 'knounting and Reportlng tjy tharftles.. Ststement of Retommended Practice appllcable tts chariues preparfng thelr accounts In accordance wth the Flnanclal Reporting Standard applLcabk In the UK and Republic of Ireknd IFRS 1021 (effectlve l January 20191., Finanaal Reportlng Stsndard 102 7he Flnanclal Repcrtlng Standard applicab In the UK Republlc of Iland. and the Companks Act 2¢X6. The fIn(JaI siatements been under the hlthrlcal cost corNentlM, as modified by the revafuation d rtaiN [5. Preparation of th? acwints on a golng concom l)J615 The finarKlal 5tstements have tten prepared on the ampt th chatty ts able to a5 a 4Th3 concem, hith the trustees congder apprOpate regard to the current levd cl unrestricted re5erve5, the financlal tIC, future plans and the expeaed levd of Income and expendityjre for 12 months frorn aul1¥)rtry these financial ststements.There are no materlal unrtInueS abrJt the drtY'S ablllty to continue as a golng Con. Crf(l¢•l a¢¢ountlng Judgements and key ourc•s ol ejtlmatlon uncertalnty Preparatlon of the nnanclal statements requlres management to make 51gniflcant ludgernents )ryJ elmate& The Iterns I the financial where these Judgements and elmates have tttn mat Indude.. luaOn d InveStt prOple5.The tharty carrles ts In¥tstmert Fwerty at falr y3lue changes In falr value belng recc>Jn15ed In the ststernent of finandal athwtbe& Incom• JI Income is recognlsed Sn the Statemert of Flnandal ACtIve5 the tharfty ha5 entlernent to the funds, It 15 probable that the income wlll te 1ved and the amount con be measured rdiabty. Expendltym Uabiif(5 are reccJnlsed as expendture as sTr)n as there is a legl construfft obllgatlon ¢ornrnltting the charty to that expenditure, il Is probab that a trsIer cl econonlc tenents hwll requked In Settler and the amount of the obllgats.on can te measured reliabty. Expet)Jlture 15 attwnted for on an accruals bas15 and has tn dasafied urKler adlngs that aggregate all cost related to the catetyjry. Where COSL% cannot dlTecUy attributed to parCUlar headlngs they have been allocated to actfvities on a basi5 conStent th the use of reSoUs. ants offered 5ublert to he Tr)t bEen met at the year end de are n¢ed as a ctynnltrnert but rot accrued a5 expendthre. InTR5tmert property Investment proFerty Is shc¥èJn at most reCt val10n. Any agjregate surplus cff defidt arislng from thanges In fflarket value 15 trarLSferred to the fair value reseNe. Taxatlon The chaity is exempt from Con tsx on ts charltabie actmtie Fund accountiny Unreartrted funds can te wed In accordan wrth the charitat4e Li)Fctives at the dlxretbn cl the trustee& Restrfcted funds can oth ed for parts"cular resirirted purposes wthin the objects of the charty. Restrtuons arise when specifEd by donor or funds are raised for particular restrlrt& pwp(w. DwlrJ the year tsEre were no strictsl fl%
THE LINDSAY FOUNDATION NOTES TO THE FZNANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 crfoB&i 2023 ACCOUNTING POUCtES- cortlnued Cth at bank and in hand C•5h at bank aTrJ In har [ludeS cash short term Nghty Ilqud investrnerts wth a s)[t mabjrty of three month5 or frorn the date of a(4ulskn'on or opening the de5r( or gmibr at¢C4L Cebiors are recognlsed at setdement arnounl due. ppaYrnents are vald ai the irN01 affrit prerAhd, Cre(Itor> Credlt¢ys are recc¢Jnlsed where the charity has a Pert obllJab"on re&knro Ircffi a past event that probatty resdt In the tronsfer of fuThls to a thlrd party and the arnount due to settle the oblgat)n can be rneasured or esb'rrwted relSat4y. 0ed1tS are recognlsed at thelr settlerrnt value. Flnanclol InstNments The Cha&ble company On has flnancial a55ets ar flnanclal liaLllllks of a klTrJ that qualfy a5 ba51¢ flnandal Instruments. Bask ftnandal Instnrnts are lnllla1 recogn15ed * transacthffl value and sub*quth rneasured at thelr ttlent vahje. INVESTMENT INCOME 2023 2022 Rents r(red QepD4t xcounl Intere 33,000 241 36,0 25 33,241 36,025 RAISIMG FUND5 lftTMtheTht mJnJuement ¢OAts 2023 2022 Property Iwran Property repal 1.482 1,182 1,264 1350 1664 3,614 CHARITABLE ACllVITIES cosrs Grnnt fundlng of ath'Mtle5 SupkKSrt Totals CharStst4e t%Jre 36,202 6271 42,473
THE UNDSAY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 OUOBER 20 TRusfEES' REMUNERATION AND BE14EFrrs There we no trustee remuneratk)n or other brfits lor the year enthd 31 (ktolxr 2023 nor ts the year ended 31 Octoter 2022. There wEre no trustees, expenw pokl fc¢ the year eThd 31 2023 nor for the year ended 31 Octot 2022. srAFF COSTS The average rrKnthty number of employ*s durkng the year was as frAI5.. 2023 2022 Trustees- unp3ld No recel¥ed euMents In exces5 d £60,000, C(X4PARATIVES FOR THE STATEMENT QI Fif4ANCIAL ArnvmES Unrethded funds INCOME AND ENIK)WME14TS FROM tnvtttrnt Income Cther Inccrfne 36,025 loo Totsl 36.125 EXPENDrnIRE ON RaIng furn15 3,614 CharStable art5v6tlei allriiable expendre 36,535 Totsl 40,149 Net galns on Investm INCOME ,976 RECONCIUATION OF FUNDS Total funds brought fomard 1,292,007 TOTAL FUMDS CARRIED FORWARD 1,372,983
THE LINDSAY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 ooBER 2023 INVESTMENf PROPERTY FAIR VALUE At l Nernb 2022 Rev3htle 1,340,C(#) 60,0 At 31 cktober 2023 L,41I1,U)O MEf BCIOK VALUE At 31 ¢Xtober 2023 1,400,(MXI At 31 (knthr 2022 1,340,C#JO The reCt5, inlenlbn 15 to hdd the Wopert5 on a bng-term bas's for the contlnulng benent ¢Y chthtabk company fonn of IrKome and capital appredaUI. propertle5 are let arul the InconR dertved enaeS the tharity to carry Jt ts charftsble wrpo C A MotTOW, a trustee dIttOr ol the charlty v•lued three propert6es at 31 cktober 2023 at £1,400,C#JO 12022- £I,340,(o) an OFen Maet ulng valuattons obtslr*d Icvl ertY prdeslonais. Falr value at 31 Octther 2023 ts representsd by.. Valuatn in 2012 Valuatk)n In 2013 vaatIn In 2014 Valuatbn In 2015 Valuabon In 2018 ValuaDon In 2022 Valuatlon In 2023 143?67 71,698 50,000 10,000 85.000 60,000 929,93S 1,400,000 DEBTORS: AMOUNTS FALUNG DUE THIN ONE IEAR 2023 2022 Trade debtc (Iher debl(¥5 3,000 1,000 1,173 895 2,173 4,895 -io-
THE LINDSAY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- cantlnued FOR THE YEAR ENDED 31 ocfoBER 2023 ii. aiEDITORS.. AMOUNTS FALUIIG DIJE WThMIN ONE YEAR 2023 2022 other credIt5 1,26B 8,035 1,475 6,800 9,303 8,275 MOVEMENT IN FUNOS Net movement In fvnds At Vll122 At 31110123 Unrestrlcted fund General fund Falr Val reseNe 962,918 410,Cfj5 111,7361 60,000 951,IB2 470,065 1,372,983 48,264 1,421,247 TOTAL FUMDS 1,372,983 48,264 1,421,247 Net mwnent In funds, Induded In the above a as follU5.. IncomirvJ re9)urS Reswr exponded Galrbs and losses Movement In funds Vnrestrlrted fund• Genernl fvnd Falr value reserve 33,401 145,137> (11,736) 60,000 60,000 33,401 145,137) 60,000 48,264 TOTAL FUNDS 33,401 (45,137) 60,000 48,264 CompJrot1v for movemert In fund• Net movement In bJnds At IIL1121 At 31110R2 Unrertrlct•d funds Gerral fuThJ Falr vak reseNe 966,912 325,065 14,024) 85,000 962.918 410.Q65 1,292,CQ7 80,976 1,372,983 TOTAL FUNDS 1,292,007 80,976 1,372,983
THE UNDSAY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 OCTOBER 2023 Iz MOVEMEpif IN FUNDS- continued Comparatfve net movement In funds, induded In the ab)ve are as f(Alows.' Incoming resources ReSoUrS eypended Gain5 and Movement In fvnts UnrestriLted lunds General fund Falr volu2 reserve 36,125 140,149) (4,024) 85,000 85,000 36,125 (40,149) 85.000 80,976 TOTAL FUNDS 36,125 (40,149) 85,000 80,976 1% RELATED PARTY DISCLOSURES At the balance theel date the the chaty ¢Trved a trtee £26812022- £474). COMPANY LIMITED 8Y GUARANTEE The th)nty Is a ¢Thipary nmlt8J ty gryre£, In the event of the charlty bdng wound Upi Ilabllty In resFect of the guaranieels Umlied to ÉIO per memter d the dwrty. -12-